Wednesday, April 30, 2008
7 Stocks you need to know for Thursday
Exxon-Mobil (XOM | news | PowerRating | PR Charts ) is scheduled to report earnings on Thursday before the market opens, with analysts expecting EPS of $2.13.
Buffalo Wild Wings (BWLD | news | PowerRating | PR Charts ) soared some 19% in trading today after announcing the company would meet its profit growth forecast for the year.
Higher fuel and raw materials costs were blamed by Colgate-Palmolive (CL | news | PowerRating | PR Charts ) for the stock's 5% drop on Wednesday.
A smaller than expected loss helped shares of General Motors (GM | news | PowerRating | PR Charts ) rally by more than 9% in Wednesday's trading.
Eastman Kodak (EK | news | PowerRating | PR Charts ) reports earnings Thursday morning before the bell. Analysts are expecting a loss of $0.03 per share.
Starbucks (SBUX | news | PowerRating | PR Charts ) reported second quarter earnings of $0.15 per share on Wednesday after the close of trading. The company says restructuring costs negatively impacted profits in Q2.
Solar Stocks to Watch
FSLR
PNRA
Pre-Market Gappers
STAR +17.6%, ALGN +13.1%, HS +12.0%, BWLD +11.5%, TRLG +10.3%, PLT +10.0%, SIMO +9.2%, DBTK +9.0%, PNRA +7.4%, AUDC +6.2%, GM +5.9%, DWA +4.9%, ABK +4.8%, FLEX +3.8%, BMRN +3.6%, MPWR +3.1%, NETL +2.9%, CYBS +2.9%, ARRS +2.7%, CRDC +2.1%, PH +1.3%, CAG +1.0%...
Gapping down:
VVS -16.1%, FORM -15.5%, HTCH -11.0%, VPRT -10.9%, ROCM -10.0%, USU -9.6%, ALU -8.1%, ARAY -7.9%, JLL -6.8%, GRMN -6.3%, SAP -6.3%, FEIC -6.3%, CRAY -5.7%, FSLR -4.4%, ESRX -3.5%, XPRT -3.3%, STI -2.9%, C -2.8%, OSG -2.7%.
BWLD
Upgrades and Downgrades
BWLD, LMIA, RCI, AEM, VIMC, ANPI, SNN
SLW, DENN, RBA, JRCC, MI, BP, FTE, KNOT
Downgrades:
VLO, FEIC, SWS, TMA, CREL, MSO, DRH, HCP
SOHU, GRC, DRH, OMI, CBS, LEA, CHT, UNM
WFR
Morning News
Asian Markets are trading lower
European Markets are trading lower
Crude Oil is currently $115.00 per barrel
Gold is trading down and is $868 per ounce
8:15 AM | ADP Employment | Apr | - | - | -60K | 8K | - | |
Apr 30 | 8:30 AM | GDP-Adv. | Q1 | - | 0.7% | 0.5% | 0.6% | - |
Apr 30 | 8:30 AM | Chain Deflator-Adv. | Q1 | - | 3.0% | 3.0% | 2.4% | - |
Apr 30 | 8:30 AM | Employment Cost Index | Q1 | - | 0.8% | 0.8% | 0.8% | - |
Apr 30 | 9:45 AM | Chicago PMI | Apr | - | 49.0 | 47.5 | 48.2 | - |
Apr 30 | 10:30 AM | Crude Inventories | 04/26 | - | NA | NA | 2421K | - |
Apr 30 | 2:15 PM | FOMC Policy Statement |
Tuesday, April 29, 2008
7 Stocks you need to know for Wednesday
Visa (V | news | PowerRating | PR Charts ) rose more than 6% after reporting Q2 earnings of $0.52, beating the consensus estimate by $0.07.
Shares of MasterCard (MA | news | PowerRating | PR Charts ) surged more than 12% after the company delivered much better than expected earnings.
The Food and Drug Administration (FDA) rejected the Merck's (MRK | news | PowerRating | PR Charts ) application for a new drug. MRK lost more than 10%.
After the close, Express Scripts (ESRX | news | PowerRating | PR Charts ) reported earnings of $0.70, beating estimates by $0.03.
Flextronics (FLEX | news | PowerRating | PR Charts ) also beat estimates by $0.03 per share.
Before the market open, Procter & Gamble (PG | news | PowerRating | PR Charts ) is scheduled to report, with analysts looking for $0.81.
And, General Motors (GM | news | PowerRating | PR Charts ) is expected to report a loss of -$1.54.
X Earnings
MA Earnings
Pre-Market Gappers
ACTU +9.6%, FLS +9.1%, ACTS +8.4%, APOG +6.8%, RDS.A +5.8%, TXRH +5.5%, TSON +4.0%, MCHP +3.8%, GTLS +3.8%, TSO +2.8%, ABT +2.7%, GPRO +2.2%, ETN +1.3%...
Gapping down:
DGII -11.9%, LDSH -11.1%, UCTT -10.8%, TRID -10.4%, MDR -9.7%, CHINA -7.2%, AATI -6.7%, TITN -6.4%, SFN -6.2%, V -5.9%, MRK -5.3%, DHT -4.9%, THC -4.6%, FHN -3.5%, ININ -3.0%, ATHR -2.8%, FTI -2.5%, HIG -2.5%, PRE -2.3%, ABB -2.3%, POT -1.6%, DB -1.4%, NOK -1.2%.
Upgrades and Downgrades
BVN, AEP, WB, MNTA
Downgrades:
TUNE, POT, NHYDY, SILC, THC, CPN
SUN, WWY, CBG, SYMC,
Morning News
European Markets are mixed
Asian Markets closed higher on the day
Consumer Confidence at 10am market expects 61.0
Oil is $117.80 per barrel
Gold is $888.00 per ounce
Monday, April 28, 2008
7 Stocks you need to know for Tuesday
Shares of WM. Wrigley Jr. (WWY | news | PowerRating | PR Charts ) surged more than 23% after the company reported earnings that beat estimates and agreed to a $23 billion merger with privately held Mars.
Ford (F | news | PowerRating | PR Charts ) shares jumped nearly 10% after Kirk Kerkorian's Tracinda announced it owns 4.7% of the company and plans to increase its holding.
After the close, Hartford Financial (HIG | news | PowerRating | PR Charts ) beat estimates by $0.05.
Visa (V | news | PowerRating | PR Charts ) reported Q2 earnings of $0.52 after the close, beating the consensus estimate by $0.07.
Before the market open and hot on the heels of Visa's numbers, MasterCard (MA | news | PowerRating | PR Charts ) is scheduled to report earnings of $1.99 per share.
Valero Energy (VLO | news | PowerRating | PR Charts ) is also due to report, with analysts looking for $0.29.
And finally, Archer Daniels Midland (ADM | news | PowerRating | PR Charts ) is expected to report earnings of $0.70.
Seeing some strength in Shippers
SOHU
Pre-Market Gappers
WWY +25.4%, OSTE +12.2%, SOHU +11.6%, F +7.3%, ABK +3.6%, CMI +2.9%, LMC +2.9%, DISCA +2.8%, V +2.4%, MT +1.6%, ERIC +1.5%, PCP +1.2%, AAUK +1.0%...
Gapping down:
DEEP -12.0%, MEDX -12.0%, CAL -5.1%, ETFC -2.0%, AIG -1.6%.
Upgrades and Downgrades
MRVL, FED, CS, PCZ, BIG, ALTR, and ERIC
Downgraded this morning include:
BEBE, ZZ, GT, CSH, KSS, RY, NTRS, ERIC, SHPGY, CHRT, MBFI, WRI, and SIRT
Budd Foxx
Morning News
European markets are trading higher so far today.
In Tokyo the Nikkei 225 did end just a bit higher.
Friday's action saw the Dow close 42 points higher, the Nasdaq lost 5 points, and the S&P gained 9 points.
Reports are out that Mars and Berkshire Hathaway are close to buying WM Wrigley Jr Company.
Microsoft and Yahoo let three week deadline pass.
Continental Airlines reportedly not seeking merger.
Two trains in China collide killing 66 people and injuring many more.
Chakib Khelil OPEC president saying $200.00 oil is a possibility due to the fall in the dollar.
Crude oil is $119.00 per barrel.
Wholesale gasoline is $3.04 per gallon.
Natural gas is now $11.07 per unit.
Gold is $893.00 per ounce.
Budd Foxx
Sunday, April 27, 2008
VIDEO - Should Yahoo Sell to Microsoft
VIDEO - Should Yahoo Sell to Microsoft
Here's a summary of ETFs...
Report - ETF Summary
Here are many of our favorite Jesse Livermore quotes...
Report - Jesse Livermore Quotes
http://www.leavittbrothers.com/
Friday, April 25, 2008
7 Stocks you need to know for Monday
American Express (AXP | news | PowerRating | PR Charts ) rose nearly 6% after reporting earnings that beat expectations by $0.03 and reaffirming guidance.
Microsoft (MSFT | news | PowerRating | PR Charts ) fell more than 6% despite beating estimates by $0.03 and issuing guidance above consensus.
Shares of Baidu.com (BIDU | news | PowerRating | PR Charts ) jumped more than 6% after the company reported earnings that were in-line with estimates.
LM Ericsson (ERIC | news | PowerRating | PR Charts ) surged 13.5% after reporting first quarter revenues rose, and income fell less-than-expected.
Before the market open on Monday, Humana (HUM | news | PowerRating | PR Charts ) is expected to report earnings of $0.45.
The forecast for Loews Corp. (LTR | news | PowerRating | PR Charts ) is $1.15.
And, Verizon (VZ | news | PowerRating | PR Charts ) is scheduled to report earnings, with analysts looking for $0.62.
BUCY
Budd Foxx
GS
V
AXP
BIDU
Budd Foxx
Pre-Market Gappers
PGNX +26.9%, ERIC +21.4%, DECK +11.0%, TRMB +8.2%, ABK +8.2%, VISN +7.0%, ACF +6.8%, IBKR +6.6%, ARBA +6.6%, DV +6.5%, ALU +6.0%, PKI +5.5%, TRN +4.8%, AXP +4.5%, BIDU +4.4%, SWN +3.8%, OTTR +3.8%, JNPR +3.7%, SOHU +3.4%, DDUP +2.8%, AFFX +2.8%, GT +2.8%, BUCY +2.7%, MCRL +2.7%, GSK +2.6%, CVA +2.6%, BIDU +2.2%, UHS +1.7%, RVBD +1.5%, BP +1.4%...
Gapping down:
CHE -15.5%, SIRF -11.9%, NTGR -11.1%, QUIK -9.1%, SYNA -8.4%, AMX -7.9%, NTY -6.5%, CF -5.7%, RIO -5.0%, MSFT -5.0%, GNW -4.3%, WDC -4.2%, VSEA -4.1%, SHPGY -3.9%, ELX -3.9%, WFR -3.6%, FED -2.9%, FII -2.9%, RMBS -2.4%, EZPW -2.4%, RACK -2.1%, HITT -2.0%, SYT -1.9%, MO -1.8%.
Upgrades and Downgrades
SNV, HMA, THC, NOC, SOHU, BIDU, IPCC, PFWD, NEM, VM, NOC, AET, HHS, and JNS
Downgraded this morning include:
EME, F, BJRI, EGP, DDR, and RYN
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
University of Michigan's consumer confidence poll for April will be released this morning.
Yesterday's action saw the Dow tack on 85 points, the Nasdaq added 23 points, and the S&P closed 8 points higher.
Microsoft out with soft quarterly results. The company now saying current quarter will come in below expectations.
Dollar continues to gather strength against major currencies.
Treasury Dept. to begin mailing rebate checks as early as next week.
Wesley Snipes gets three years for failing to report income taxes.
Crude oil is back up to $117.00 per barrel.
Wholesale gasoline is $3.02 per gallon.
Natural gas is $10.77 per unit.
Gold back down to $887.00 per ounce.
Budd Foxx
Thursday, April 24, 2008
7 Stocks you need to know for Friday
Ford Motor (F | news | PowerRating | PR Charts ) surged nearly 12% after the company reported a surprising first-quarter profit.
Amazon.com (AMZN | news | PowerRating | PR Charts ) reported earnings of $0.34, beating estimates by $0.02.
After the market close, American Express (AXP | news | PowerRating | PR Charts ) reported earnings that beat expectations by $0.03 and reaffirmed guidance.
Microsoft (MSFT | news | PowerRating | PR Charts ) beat estimates by $0.03 and issued guidance above consensus.
And, Baidu.com (BIDU | news | PowerRating | PR Charts ) reported earnings that were in-line with estimates.
Before the market open, Goodyear Tire (GT | news | PowerRating | PR Charts ) is scheduled to report, with analysts looking for $0.47 per share.
LM Ericsson (ERIC | news | PowerRating | PR Charts ) is also due to announce, $0.28 is the consensus forecast.
GS
BG
POT
Pre-Market Gappers
EPIX +28.2%, WIRE +21.3%, LSI +19.0%, SLTC +9.8%, ABK +8.1%, BVF +7.4%, EQIX +7.0%, FFIV +7.0%, SKX +6.8%, ASIA +6.1%, ABB +6.0%, ADSK +5.5%, COMV +5.1%, F +4.9%, GDI +4.5%, FMC +3.9%, KEX +3.6%, AXYS +3.3%, PRXL +3.2%, NE +2.6%, TEX +2.5%, CPX +2.4%, CDNS +2.3%, BG +2.3%, NEU +2.0%, BEZ +1.8%, SGR +1.3%, WOOF +1.2%, NRG +1.0%...
Gapping down:
PLXS -15.4%, SCSS -13.0%, SBUX -11.0%, WHR -8.8%, MCRI -7.9%, EXTR -7.6%, ICO -7.6%, TSCO -7.0%, XLNX -6.2%, EWBC -5.3%, AMZN -5.2%, QDEL -5.1%, PTV -5.0%, AZN -4.6%, RTP -3.9%, GOLD -3.9%, CTXS -3.7%, MOT -3.7%, ASML -3.5%, SANM -3.4%, SOV -3.3%, BHP -3.0%, BCR -3.0%, NTRI -3.0%, CMG -2.6%, NOK -2.5%, GSK -2.5%, PHM -2.3%, MRCY -2.2%, QCOM -2.1%, VMW -2.0%, ADS -1.5%, MT -1.1%.
Upgrades and Downgrades
QLTI, RE, RFMD, LVLT, ZION
Downgrades:
JAKK, TER, TOMO, XMSR, BBSI, EGP
SNAK, NEU, DTV, TTWO, MFB, FMBI and TLAB
Wednesday, April 23, 2008
Earnings
AXP, BG, BEN, BIDU, BUCY, CF, DOW, DECK,
HOT, F, LLL, LIFC, JNPR, MO, MSFT,
MOT, NEM, PEP, PENN, POT, RACK, RMBS
SU, WDC, WHR and WFR
4/24/08 Earnings
7 Stocks you need to know for Thursday
Delta Air Lines (DAL | news | PowerRating | PR Charts ) and Northwest Airlines (NWA | news | PowerRating | PR Charts ) announced plans to merge last week, but first, both companies reported massive losses of $6.4 billion and $4.1 billion respectively.
After the market close, Amazon.com (AMZN | news | PowerRating | PR Charts ) reported earnings of $0.34, beating estimates by $0.02.
Apple (AAPL | news | PowerRating | PR Charts ) announced better-than-expected results, beating consensus estimates by $0.09.
Before the market open, 3M (MMM | news | PowerRating | PR Charts ) is scheduled to report earnings of $1.35 per share.
Ford Motor (F | news | PowerRating | PR Charts ) is expected to announce a loss of -$0.16.
BIDU
Budd Foxx
RJF
Budd Foxx
VMW
AWK
Pre-Market Gappers
REST +172.7%, SIRT +81.3%, ANAD +21.2%, CYMI +18.8%, VMW +14.6%, MOLX +12.9%, FRPT +10.2%, SWKS +9.6%, CEC +8.8%, CERN +8.3%, BRCM +7.6%, ACH +6.9%, RJF +6.3%, EMC +6.0%, IVGN +5.4%, PPDI +5.2%, PTR +5.1%, TUP +4.6%, RMBS +4.4%, ILMN +4.2%, LFC +4.0%, ITRI +2.8%, SGP +2.1%, NUVA +2.1%, EP +2.0%, CHRW +1.9%, NBR +1.8%, SIAL +1.8%...
Gapping down:
TSFG -16.3%, INFN -12.7%, CREE -11.8%, RCRC -9.8%, ABK -8.8%, ODFL -7.6%, XL -5.9%, RBS -5.7%, RGR -3.4%, NSC -3.3%, AMP -2.6%, VOCS -2.5%, DB -2.5%, EW -1.4%, HBC -1.4%, UBS -1.1%.
Upgrades and Downgrades
EAT, CNB, SII, EW, STI, MHS, and CERN
Downgraded this morning include:
AMX, ORLY, DFG, AMP, BVF, MDP, SPPI, REP, and STLD
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end just a bit higher.
The Energy dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action had the Dow giving back 104 points, the Nasdaq lost 31 points, and the S&P closed 12 points lower.
Hillary Clinton wins Pennsylvania primary.
Yahoo. Inc. out with quarterly results which just topped expectations.
Ambac Financial Group reports $1.66 billion loss on big writeoff.
Boeing will report results before the open this morning.
Apple will be out with quarterly results tonight.
Mortgage applications drop over the past week.
Crude oil is currently $117.54 per barrel.
Wholesale gasoline is $2.99 per gallon.
Natural gas is $10.53 per unit.
Gold is sitting at $918.00 per ounce.
Budd Foxx
Tuesday, April 22, 2008
7 Stocks you need to know for Wednesday
CME Group (CME | news | PowerRating | PR Charts ) plunged nearly 9% after the company reported earnings that missed estimates and disappointed investors.
Shares of Texas Instruments (TXN | news | PowerRating | PR Charts ) fell nearly 6% after the company issued a weaker-than-expected second quarter forecast.
DuPont (DD | news | PowerRating | PR Charts ) reported earnings that beat estimates by $0.03 and issued guidance in-line, however, DD shares declined more than 4%.
After the market close, Yahoo! (YHOO | news | PowerRating | PR Charts ) reported earnings that beat estimates by $0.02 and reaffirmed guidance.
And, YUM! Brands (YUM | news | PowerRating | PR Charts ) also beat estimates by $0.02.
Before the market open, Boeing (BA | news | PowerRating | PR Charts ) is scheduled to report earnings, with analysts looking for $1.35 per share.
UPS (UPS | news | PowerRating | PR Charts ) also reports before the open, and the consensus estimate is $0.87.
Earnings
RNT, AMSG, BRCM, CREE, IVGN, NSC, VMW, XL, YHOO, and YUM.
Tomorrow before the open of the many companies scheduled to report, some of the bigger names include:
APD, ATI, ABK, BIIB, BA, DAL, EMC, FCL, GD, GENZ, GSK, SGP, SLGN, WLP, XTO, ZBRA, and ZOLL.
FCX
IPI
AKS
Pre-Market Gappers
ZRAN +12.8%, ICO +11.0%, FOE +10.9%, VLTR +10.1%, BMTI +9.0%, BSX +4.7%, MHS +4.6%, MICC +4.4%, WGOV +4.0%, LOGI +3.7%, NBR +3.4%, CE +3.2%, TTEK +2.9%, IFX +2.2%, VE +2.2%, ALB +2.2%, STLD +1.8%, ARTC +1.3%, DD +1.0%, LMT +1.0%...
Gapping down:
OMCL -23.4%, CIT -13.7%, NFLX -13.3%, QI -13.2%, BRKR -11.7%, BJS -9.5%, UNH -8.1%, PKG -8.0%, NVLS -5.0%, VNUS -4.5%, ALO -4.4%, CNI -4.3%, RBS -3.9%, CME -3.3%, GENZ -2.8%, TXN -2.3%, ING -2.2%, USNA -1.6%, DB -1.5%, OMG -1.2%, CPO -1.2%.
Upgrades and Downgrades
MHS, SM, VLTR, ADS, DSL, BRLC and NCC
Downgrades:
AMLN, VNUS, ROH, JEF, OMCL, BEE, SHO
HST, NCC, DRH, DST, PKTR, AME, CFFN
PDLI, CMCO, SXT, PTI, PER, ACN
Monday, April 21, 2008
7 Stocks you need to know for Tuesday
Bank of America (BAC | news | PowerRating | PR Charts ) reported first-quarter revenues and earnings fell substantially due to trading losses and write-downs.
Shares of National City (NCC | news | PowerRating | PR Charts ) plunged more than 27% after the bank reported an unexpected loss. NCC cuts its dividend and said its close to securing a $7 billion cash infusion.
After the market close, Boston Scientific (BSX | news | PowerRating | PR Charts ) beat estimates by $0.13 but issued mixed guidance.
Texas Instruments (TXN | news | PowerRating | PR Charts ) reported earnings of $0.43, in-line with estimates.
Before the market open, AT&T (T | news | PowerRating | PR Charts ) is scheduled to report, with analysts looking for earnings per share of $0.74.
CME Group (CME | news | PowerRating | PR Charts ) is expected to report $4.81 per share.
And finally, the earnings forecast for DuPont (DD | news | PowerRating | PR Charts ) is $1.27.
POT
AAPL
Pre-Market Gappers
MRK +4.4%, NVS +3.9%, GSX +3.4%, QGEN +2.4%, SGP +2.2%, CNB +1.8%, UBS +1.3%, BAC +1.1%...
Gapping down:
TMA -9.2%, ING -3.4%, MF -3.2%, SHLD -2.6%, RBS -2.1%, CAT -1.7%, WM -1.6%.
Upgrades and Downgrades
POZN, EQ, PPC, HCSB, ITY, CMA, and F
Downgraded this morning include:
CAT, CRUS, WFC, and R
Budd Foxx
Morning News
European markets are trading lower so far today.
In Tokyo the Nikkei 225 did end higher.
Friday's action saw the Dow tack on 228 points, the Nasdaq added 61 points, the S&P closed 24 points higher.
Bank of America reports a 77% drop in in first quarter earnings.
Eli Lilly first quarter earnings up on diabetes treatments.
Merck & Company out with what looks like better than expected results.
Boeing saying they are not aware of any other delays with the Dreamliner.
The Lundberg Survey shows a rise on average of 16 cents a gallon for gasoline over the past two weeks.
In Sports over the weekend Danica Patrick became the first female to win a IndyCar race over in Japan.
Crude oil is sitting at $117.00 per barrel.
Wholesale gasoline is $2.99 per gallon.
Natural gas is $10.68 per unit.
Gold is $922.00 per ounce.
Budd Foxx
Saturday, April 19, 2008
VIDEO - Is a Bottom in Place
VIDEO - Is a Bottom in Place
Here's a summary of ETFs...
Report - ETF Summary
Here are many of our favorite Jesse Livermore quotes...
Report - Jesse Livermore Quotes
http://www.leavittbrothers.com/
Friday, April 18, 2008
7 Stocks you need to know for Monday
Shares of Google (GOOG | news | PowerRating | PR Charts ) soared 20%, leading a broad-based market rally, after the Internet bellwether beat estimates by $0.32.
Citigroup (C | news | PowerRating | PR Charts ) reported a $5.1 billion net loss, missing estimates by $0.07, after the banking giant was forced to write-down a further $13.9 billion.
Caterpillar (CAT | news | PowerRating | PR Charts ) beat estimates by $0.12 and reaffirmed its full year 2008 earnings guidance of 5% to 10% revenue growth.
Before the market open on Monday, pharmaceutical giants Merck and Eli Lilly are scheduled to report earnings...
The consensus estimate for Merck (MRK | news | PowerRating | PR Charts ) is $0.86, and the number for Eli Lilly (LLY | news | PowerRating | PR Charts ) is $0.96 per share.
Haliburton (HAL | news | PowerRating | PR Charts ) is also set to report, look for earnings of $0.64.
And finally, Bank of America (BAC | news | PowerRating | PR Charts ) is expected to report earnings of $0.41 per share.
V
Pre-Market Gappers
GOOG +16.3%, TPX +10.0%, ETFC +7.7%, PMCS +7.1%, BIDU +6.9%, C +6.1%, SNDK +5.0%, HON +4.5%, CAT +4.3%, WM +4.0%, INFA +3.8%, VOD +2.6%, SHPGY +2.6%, ICO +2.6%, DOX +2.5%, AAPL +2.3%, RIMM +2.3%, POT +1.8%, WFC +1.8%, FMCN +1.8%, MSFT +1.4%, EBAY +1.2%...
Gapping down:
TOMO -29.2%, GRRF -14.6%, ATRM -14.4%, ISRG -11.0%, SCOR -8.4%, VASC -4.7%, CYN -3.9%, ESLR -3.6%, SLB -3.5%, ATN -2.4%, ICUI -1.8%.
Upgrades and Downgrades
GOOG, UTEK, BAX, MKSI, ADS, BLX, CSG, PCH, STI, and ROST
Downgraded this morning include:
ISIS, CYMI, ACF, COF, BEN, FTE, UMPQ, ETR, EXC, CMP, TXT, TECH, GSK, AZN, NOK, BCSI, and NFLX
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
Yesterday's action had the Dow up 1 point, the Nasdaq was down 8 points, and the S&P finished pretty much unchanged.
Google Inc. reports 31% jump in quarterly profit. The company also reported good paid clicks numbers.
Citigroup reports a $5.1 billion loss , and wrote off $12 billion on bad mortgage investments.
Caterpillar out with better than expected quarterly results this morning.
Illionois rocked by 5.4 magnitude earthquake.
Crude oil is $114.28 per barrel.
Wholesale gasoline is $2.93 per gallon.
Natural gas is $10.30 per unit.
Gold is sitting at $937.00 per ounce.
Budd Foxx
Thursday, April 17, 2008
Google's 1Q profit climbs 30 pct and tops analyst views
7 Stocks you need to know for Friday
Merrill Lynch (MER | news | PowerRating | PR Charts ) reported a wider than expected loss of -$2.20 per share.
Pfizer (PFE | news | PowerRating | PR Charts ) reported first quarter results that missed estimates for both top and bottom line numbers.
Shares of Nokia (NOK | news | PowerRating | PR Charts ) plunged more than 14% after the company reported quarterly earnings that beat estimates by $0.02, but issued a gloomy outlook.
After the close, Advanced Micro Devices (AMD | news | PowerRating | PR Charts ) reported earnings in-line with estimates.
Meanwhile, shares of Google (GOOG | news | PowerRating | PR Charts ) surged in extended trading after the company beat estimates by $0.32.
Before the market open, Citigroup (C | news | PowerRating | PR Charts ) is expected to report a loss of -$0.95 per share.
And finally, Schlumberger (SLB | news | PowerRating | PR Charts ) is also scheduled to report, with analysts looking for EPS of $1.11.
Pre-Market Gappers
AVAN +28.9%, AVCT +17.6%, ALTR +9.4%, DTLK +8.7%, CCK +7.3%, GKK +7.1%, KNL +6.7%, LEG +6.6%, SPPI +5.6%, ATR +4.0%, FCS +2.6%, ISIS +2.5%, IBM +2.4%, CY +1.6%...
Gapping down:
CMOS -13.8%, NOK -9.7%, CNW -9.2%, EPIC -9.2%, WTS -7.8%, VPHM -5.9%, MTH -5.5%, HOG -4.9%, HGSI -4.8%, FTE -4.5%, PFE -3.8%, SFN -3.5%, TGP -3.3%, TBI -3.0%, ISIL -2.6%, PLCM -2.4%, AMZN -2.1%, SLM -1.6%, GILD -1.5%.
Upgrades and Downgrades
NFX, VQ, CPHD, XEC, and FST
Downgraded this morning include:
CBOU, PFCB, COSI, ITW, AF, IP, ESL, PG, UST, MT, SPSN, ODFL, and BMI
Budd Foxx
Morning News
European markets are mixed so far today.
In Tokyo the Nikkei 225 did close higher.
Weekly jobless claims will be out this morning.
Philly Fed Index for the month of April set to be released.
Leading indicators for the month of March due to be released.
Energy Dept. will release weekly natural gas inventories at 10:30 this morning.
Yesterday's action saw the Dow gain 256 points, the Nasdaq added 64 points, and the S&P closed 30 points higher.
International Business Machines out with better than expected quarterly results.
Pfizer quarterly results show a drop in profit.
Merrill Lynch reports a $1.96 billion loss and reportedly will cut 4,000 jobs.
After the bell tonight everybody will be looking for Google's quarterly results.
Crude oil is now $114.75 per gallon.
Wholesale gasoline is up to $2.95 per gallon.
Natural gas is $10.45 per unit.
Gold back up to $949.00 per ounce.
Budd Foxx
Wednesday, April 16, 2008
7 Stocks you need to know for Thursday
JP Morgan Chase (JPM | news | PowerRating | PR Charts ) reported first quarter earnings of $0.68, beating estimates by $0.04.
Intel (INTC | news | PowerRating | PR Charts ) also beat estimates by $0.04 and issued Q2 guidance in-line.
comScore reported the number of people clicking Google's paid search ads fell for the third straight month. Google (GOOG | news | PowerRating | PR Charts ) is scheduled to report earnings after the close on Thursday.
After the market close, eBay (EBAY | news | PowerRating | PR Charts ) reported earning of $0.42, beating estimates by $0.03.
And, International Business Machines (IBM | news | PowerRating | PR Charts ) beat estimates by $0.20 and issued an upbeat forecast.
Before the market open, Merrill Lynch (MER | news | PowerRating | PR Charts ) is scheduled to report, with analysts looking for a loss of -$1.99 per share.
Pfizer (PFE | news | PowerRating | PR Charts ) is also due to report and expectations are pegged at $0.66.
PBR
Bloomberg.com reports the co told President Luiz Inacio Lula da Silva there is "strong indication" its Carioca field may contain large amounts of oil, Folha de S. Paulo newspaper said. The co said it needs more technical information to confirm the size of the offshore field, located in Santos basin, Folha reported, without saying where it got the information.
Pre-Market Gappers
POZN +33.0%, CVTX +22.3%, SORC +20.4%, BMI +13.8%, INTC +7.6%, ZOLT +6.4%, AMG +4.3%, NOK +3.7%, BCS +3.6%, MU +3.6%, NSM +3.3%, FEED +3.2%, AOB +2.9%, MRVL +2.4%, MOS +2.4%, CSX +2.3%, TXN +2.3%, AGU +2.3%, JPM +2.3%, APOL +2.1%, GERN +2.0%, WM +1.8%, LLTC +1.8%, RTP +1.5%, ASML +1.2%, RIMM +1.2%...
Gapping down:
SMI -8.3%, HCSG -8.3%, FTE -5.6%, HBAN -4.0%, LSI -3.7%, LXRX -2.6%, STX -1.8%, MBT -1.3%.
Upgrades and Downgrades
MOV, BOKF, DIOD, and TSL
Downgraded this morning include:
ZOLT, EWBC, TTGT, JMBA, ITT, M. and MO
Budd Foxx
Morning News
European markets are trading higher today.
In Tokyo the Nikkei 225 did end higher.
Consumer price index for the month of March set to be released before the open this morning.
Industrial production numbers will be released today.
Housing starts also set to be released today.
Energy Dept. will release weekly oil inventory levels at 10:30 this morning.
Yesterday's action saw the Dow tack on 60 points, the Nasdaq added 10 points, and the S&P closed 6 points higher.
Intel Corp. out with better than expected quarterly results.
JP Morgan quarterly profit down 50% on writedowns.
Coca Cola out with good quarterly results on international sales.
Crude oil all the way up to $114.00 per barrel.
Wholesale gasoline is $2.88 per gallon.
Natural gas up to $10.27 per unit.
Gold is currently $940.00 per barrel.
Budd Foxx
Tuesday, April 15, 2008
7 Stocks you need to know for Wednesday
Delta Air Lines (DAL | news | PowerRating | PR Charts ) and Northwest Airlines (NWA | news | PowerRating | PR Charts ) agreed to merge, in a deal that would create the world's biggest airline.
Johnson & Johnson (JNJ | news | PowerRating | PR Charts ) reported earnings of $1.26 per share, beating estimates by $0.06.
After the market close, Intel (INTC | news | PowerRating | PR Charts ) beat estimates by $0.04.
Washington Mutual (WM | news | PowerRating | PR Charts ) missed estimates by a wide margin, reporting a loss of -$1.40, -$0.35 below consensus.
Before the market open, JP Morgan Chase (JPM | news | PowerRating | PR Charts ) is expected to report earnings of $0.64.
And, analysts are looking for Coca-Cola (KO | news | PowerRating | PR Charts ) to report earnings of $0.62 per share.