Monday, June 30, 2008

Stock Market Review

7 Stocks you need to know for Tuesday

Goldman Sachs (GS | Quote | Chart | News | PowerRating) noted today that demand, not speculation, was the source of the crude oil market's strength.

Ebay (EBAY | Quote | Chart | News | PowerRating) lost a French lawsuit over counterfeit luxury items sold through its online auctions. The company was directed to pay more than $63 million in damages.

Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) fell more than 10% on Monday amid rumors that the investment bank may be taken over at a price below market value.

H&R Block (HRB | Quote | Chart | News | PowerRating) surprised analysts with an above-expectations earning report on Monday, along with plans for a $2 billion share buy back program.

In an effort to spin its failed deal with Microsoft (MSFT | Quote | Chart | News | PowerRating), Yahoo! (YHOO | Quote | Chart | News | PowerRating) is now claiming that it believes Microsoft was never truly interested in buying the company anyway.

Campbell Soup (CPB | Quote | Chart | News | PowerRating) announced plans for a $1.2 billion stock buy back amid news that the soup maker's earnings growth for the year would be near the top of its forecast.

Stocks to Watch going into the close

APWR, BQI, COP, ME, JRCC

MEE, SUN

FSYS

Fuel Systems Solutions, Inc. has a good tone to it this afternoon so keep it on the radar.

Railroad Stocks to Watch

BNI, RAIL, NSC and UNP

ILMN

Illumnia, Inc. broke out on Friday on big volume so keep it on the radar today and look for a possible follow through.

BIDU

Baidu.com has a good tone in early trading so keep it on the radar.

FSLR

First Solar has a decent tone in early trading so keep it on the radar.

Pre-Market Gappers

Gapping up:

NNDS +10.0%, RTP +4.2%, DWT +3.5%, BHP +2.5%, AEO +1.9%, TOT +1.8%, RDS.A +1.5%, HUN +1.5%, HOS +1.2%...

Gapping down:

TCM -20.3%, MYGN -11.7%, LMC -3.6%, CFC -2.7%, GM -1.8%, F -1.2%.

Break Out List Market Technical Analysis

Upgrades and Downgrades

Upgrades:

FTE, ERTS, ORBK, AEO, HUN, ATHR

TER, TEVA, MAA, CFNL, PKX

Downgrades:

TGA, SWY, WFMI, SYY, TWTI, LVLT

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.46%

In Hong Kong the Hang Seng closed up 0.27%

European markets are mixed

NAPM-Chicago (Jun , 2008)

Crude Oil passes $143 per barrel for the first time

Gold is $932.60 per ounce

Sunday, June 29, 2008

Stock Market Review

7 Stocks you need to know for Monday

Has the acquirer become the acquired? A Sanford Bernstein analyst is suggesting that Bristol Meyers Squibb (BMY | Quote | Chart | News | PowerRating) may be a takeover target only a day after making an acquisition of its own in buying Kosan Biosciences Inc.

Missing analyst estimates for fourth quarter earnings and providing a less than optimistic forecast led to lower prices for shares of Palm (PALM | Quote | Chart | News | PowerRating) on Friday, which were down more than 8%.

A larger than expected loss for Micron Technology (MU | Quote | Chart | News | PowerRating) led to a stampede from the stock on Friday, with shares lower by more than 12%.

Sony Ericcson - a joint venture between L.M. Ericsson Telephone ADS (ERIC | Quote | Chart | News | PowerRating) and Sony Corporation (SNE | Quote | Chart | News | PowerRating) - announced that it would likely break even rather than produce a second quarter profit due to slowing cell phone demand.

Accenture (ACN | Quote | Chart | News | PowerRating), the business technology consultancy firm reported a dramatic 36% gain in quarterly profits and provided an improved forecast for the year.

H&R Block (HRB | Quote | Chart | News | PowerRating) reports earnings on Monday after the close. Analysts are expecting EPS of $2.03.

Friday, June 27, 2008

VIDEO - June Archives

In this week's video, we do a summary of our June stock and option set ups...

VIDEO - June Archives

And the Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Symmetrical Triangles (bullish)

VIDEO - Ascending Triangles

VIDEO - Flags (bullish)

VIDEO - Wedges (bearish)

VIDEO - Descending Triangles

VIDEO - Pennants (bearish)

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/

Barclays warns of a financial storm

as Federal Reserve's credibility crumbles
Daily Telegraph reports Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth." Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5% by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond mkts will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.

Pre-Market Gappers

Gapping up:

BDAY +52.2%, ANDE +14.8%, FINL +9.2%, HMY +6.8%, GFI +6.0%, PAYX +5.0%, AKS +4.0%, SOL +3.7%, BRL +3.6%, ACN +2.2%, GOLD +2.1%, TOT +2.0%, SAP +1.5%, SII +1.4%...

Gapping down:

HDSN -7.4%, ERIC -5.9%, LMC -5.2%, HRZB -5.1%, CBK -4.8%, PALM -4.4%, MU -1.7%, BCS -1.6%, DB -1.5%, UBS -1.5%.

Break Out List Market Technical Analysis

Upgrades and Downgrades

Upgrades:

STO, NOVL, TIBX, ARTG, ARMH

LFL, IBCP

Downgrades:

WYNN, MGM, AEO, NOK, DPZ

Morning News

Futures are pointing to a lower open

Asian markets are down about 2%

European markets are trading down

Personal Income and Outlays (May , 2008)

Consumer Sentiment (Jun , 2008)

Farm Prices (Jun , 2008)

Crude Oil hits a new record and is $141.43 per barrel

Gold is $925.30 per ounce

The Dow lost 358 points on Thursday and made a new low for the year.

Thursday, June 26, 2008

Stock Market Review

7 Stocks you need to know for Friday

Bed Bath and Beyond (BBBY | Quote | Chart | News | PowerRating) bounded higher by more than 4% on the announcement that profits were not as bad as expected given the retrenchment in consumer spending.

Missing revenue and earnings estimates and disappointing analysts with its forecast, Blackberry-maker Research in Motion (RIMM | Quote | Chart | News | PowerRating) lost more than 13% in trading on Thursday.

The Wall Street Journal reported that Anheuser Busch (BUD | Quote | Chart | News | PowerRating) intends to reject the $46.3 billion unsolicited bid from the Belgian brewer, InBev.

Goodyear Tire and Rubber (GT | Quote | Chart | News | PowerRating) plunged 11% on the news that the company would spend more than $1 billion a year on plants and equipment.

Goldman Sachs suggested that Citigroup (C | Quote | Chart | News | PowerRating) may have to write down an additional $8.9 billion for the second quarter. Citigroup was down 6% on the day.

KB Home (KBH | Quote | Chart | News | PowerRating) announces earnings Friday before the bell, with analysts expecting a loss of $0.94 per share.

An Olympic year marketing push continues to weigh on Nike (NKE | Quote | Chart | News | PowerRating) and its bottom line. The sporting goods company beat analyst estimates but warned of a challenging consumer environment in the U.S.

Break Out List Market Technical Analysis

Pre-Market Gappers

Gapping up:

VNDA +20.2%, MLHR +9.2%, BBBY +8.2%, FTEK +8.0%, CKR +4.5%, SQNM +4.5%, FFIN +2.6%, FTI +2.0%, GSK +1.8%, MON +1.5%...

Gapping down:

RIMM -7.8%, XRTX -7.2%, ESMK -6.4%, GM -5.5%, NKE -4.9%, ORCL -3.5%, MER -3.2%, C -2.9%, ADSK -2.5%, CAI -1.8%, CEDC -1.5%, GS -1.4%.

Upgrades and Downgrades

Upgrades:

LNCR, PTRY, CHKP, COCO, HST, CYN

Downgrades:

SPC, RIMM, PCG, MGM, RHT, ETR,

AZN, BSY, WX

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.05%

In Hong Kong the Hang Seng closed down 0.79%

European markets are trading down

Gross Domestic Product (Q1f , 2008)

Corporate Profits (May , 2008)

Jobless Claims (wk6/21 , 2008)

Help Wanted Index (May , 2008)

Existing Home Sales (May , 2008)

EIA Natural Gas Report (wk6/20 , 2008)

Money Supply (wk6/16 , 2008)

Crude Oil is $135 per barrel

Gold is $893 per ounce

Wednesday, June 25, 2008

Stock Market Review

7 Stocks you need to know for Thursday

Boeing (BA | Quote | Chart | News | PowerRating) lost more than 6% on Wednesday as traders absorbed news that the stock had been downgraded by Goldman Sachs from neutral to sell.

Peabody Energy Company (BTU | Quote | Chart | News | PowerRating), the country's largest coal producer, was the percentage leader to the downside among its peers on a day when traders took profits in a number of coal stocks.

Operator of Red Lobster and The Olive Garden, Darden Restaurants (DRI | Quote | Chart | News | PowerRating) topped analyst estimates for quarterly earnings and upped its dividend.

Shares of Jabil Circuits (JBL | Quote | Chart | News | PowerRating) closed up more than 16% on Wednesday on news that the mobile phone maker would beat analyst estimates for earnings. The company also raised its forecast for the fourth quarter.

Importer Pier One (PIR | Quote | Chart | News | PowerRating) closed off its intraday highs on a day when the company announced its decision to withdraw its $88 million offer to acquire Cost Plus (CPWM | Quote | Chart | News | PowerRating).

Baidu.com (BIDU | Quote | Chart | News | PowerRating), the most popular search engine in China, ended Wednesday up more than 7% as analysts suggested that second quarter sales were likely to top current estimates.

BIDU

Baidu.com is acting well in early trading and closing above the 200 dma which is $316.20 would be considered bullish for this security.

GS

Goldman Sachs, Inc. is acting well in early trading so keep it on the radar. This security has resistance at the 200 dma around the $195 range.

AAPL

Apple Computer, Inc. has a decent tone in early trading so keep it on the radar.

MA

Mastercard, Inc. is acting well in early trading so keep it on the radar.

V CHART


Visa, Inc. bounced off the 50 dma yesterday and has a minor break out point over $85 so keep it on the radar this week.

Pre-Market Gappers

Gapping up:

JBL +8.1%, LUX +6.6%, COMS +5.9%, AVAV +5.9%, BCS +5.7%, NOK +5.4%, GTI +4.5%, WX +4.4%, SLAB +3.6%, TNB +3.5%, UBS +2.8%, CS +2.6%, BP +2.5%, OII +2.2%, GFI +1.8%, RDS.A +1.4%...

Gapping down:

STEM -10.6%, APOG -9.0%, ESLR -4.0%, MCO -3.0%, SONC -2.8%, RTP -1.6%.

Upgrades and Downgrades

Upgrades:

ASCA, NPBC, RL, NDAQ, NNI, WINN, RGC

APL, T, ASH, TIBX, SHLM

Downgrades:

UPS, BTRX, AOG, NYB, SVR, ARJ, RPM

Morning News

Futures are pointing to a higher open

European markets are trading higher

Asian markets are trading higher

MBA Purchase Applications (wk6/20 , 2008)

Durable Goods Orders (May , 2008)

New Home Sales (May , 2008)

EIA Petroleum Status Report (wk6/20 , 2008)

FOMC Meeting Announcement (May , 2008)

Crude Oil is $137 per barrel

Gold is $887.50 per ounce

Tuesday, June 24, 2008

Stock Market Review

7 Stocks you need to know for Wednesday

Completing terms on a joint agreement and seniority rules, Northwest Airlines Corp. (NWA | Quote | Chart | News | PowerRating) and Delta Air Lines Inc. (DAL | Quote | Chart | News | PowerRating) have removed the final obstacles to a merger of the two companies. Shares of both air carriers were up by more than 7% and 5%, respectively.

Analysts are expecting earnings per share of $0.85 when Research in Motion (RIMM | Quote | Chart | News | PowerRating) announces earnings tomorrow before the market opens.

Dow Chemical (DOW | Quote | Chart | News | PowerRating) announced that it would raise prices and cut back production in an effort to deal with the high cost of raw materials.

Nike (NKE | Quote | Chart | News | PowerRating) reports earnings tomorrow before the bell, with analysts expecting EPS of $0.96.

Blaming high fuel costs and the slowing economy, UPS (UPS | Quote | Chart | News | PowerRating) lowered its profit forecast for the second quarter. The stock was down more than 6% on Tuesday.

Analysts are expecting agribusiness king Monsanto (MON | Quote | Chart | News | PowerRating) to report earnings of $1.34 Wednesday morning before the bell.

DOW CHART

Energy Stocks to Watch

APA, BTU, DVN, MEE,

ROYL and WLL

Pre-Market Gappers

Gapping up:

UBS +5.0%, ASML +4.1%, MXC +3.1%, NVS +2.6%, EFUT +2.5%, SAFM +1.7%, ROYL +1.6%...

Gapping down:


UPS -5.2%, DAI -3.9%, CTB -3.5%, CSE -3.5%, BX -2.8%, VE -2.4%, FDX -1.9%, CSUN -1.8%, BHP -1.4%.

Upgrades and Downgrades

Upgrades:

UST, IVGN, MVL, TI, CLWR, CMOS

CPX, HUN, PSD

Downgrades:

FSYS, HOKU, EMR, CPO, BJ

AMG, UPS, TWTI

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.06%

In Hong Kong the Hang Seng closed down 1.14%

European markets are trading lower

FOMC Meeting Begins (May , 2008)

ICSC-UBS Store Sales (wk6/21 , 2008)

Redbook (wk6/21 , 2008)

Consumer Confidence (Jun , 2008)

Crude Oil is $138 per barrel

Gold is $893 per ounce

Monday, June 23, 2008

Stock Market Review

7 Stocks you need to know for Monday

Investors cheered Haliburton (HAL | Quote | Chart | News | PowerRating) and its decision to end talks about a proposed takeover of Expro International Group PLC, sending shares of Haliburton higher by nearly 6%.

General Motors (GM | Quote | Chart | News | PowerRating) is looking to offer no-interest loans for up to six years in an effort to help move its 2008 inventory of cars and trucks.

Darden Restaurants (DRI | Quote | Chart | News | PowerRating) reports earnings tomorrow after the bell, with analysts expecting EPS of $0.75.

Google (GOOG | Quote | Chart | News | PowerRating) announced that its new Android mobile phone platform was on track to be available in the second half of 2008 as originally planned.

Traders sold shares of Circuit City (CC | Quote | Chart | News | PowerRating) on an analyst's conclusion that Blockbuster (BBI | Quote | Chart | News | PowerRating) was unlikely to pay the agreed upon per share price to purchase the electronics retailer.

Agriculture giant Bunge Ltd. (BG | Quote | Chart | News | PowerRating) announced on Monday that it would acquire Corn Products in a deal estimated between $4-5 billion.

CME

CME Group authorizes $1.1 bln share buyback program; intends to declare a special dividend of $5.00 per common share

BG

Bunge raises guidance for FY08 above consensus

FSLR

First Solar target was raised at Lehman Brothers from $280 to $335 per share so keep it on the radar.

Pre-Market Gappers

Gapping up:

CMOS +20.0%, BCE +11.3%, BQI +3.4%, IPI +2.9%, BG +1.5%, GLW +1.3%, MBI +1.3%, FDG +1.1%...

Gapping down:

RBS -3.1%, MOT -2.8%, CCL -2.5%, GFI -2.2%, RTP -2.1%, UBS -1.8%, GOLD -1.6%.

Upgrades and Downgrades

Upgrades

JCP, CMI, NOV, VISN

Downgrades

XRTX, CT, MOT, MF, ACOR

Weekly economic calendar

Dow Chart

The top and bottom sectors for the week.

Morning News

Futures are pointing to a higher open

In Japan the Nikkei closed down 0.61%

In Hong Kong the Hang Seng closed down 0.13%

Oil Rises as Saudi Pledge Fails to Ease Global Supply Concerns

Bernanke's Inflation Cure Loses Potency as Import Costs Rise

Bunge Agrees to Buy Corn Products for $4.2 Billion

Crude Oil is $136.50 per barrel

Gold is $906 per ounce

Sunday, June 22, 2008

7 Stocks You Need to Know for Monday

The Supreme Court of Canada has cleared the way for the leveraged buyout of BCE (BCE | Quote | Chart | News | PowerRating) by the Ontario Teachers Pension Plan. The $51 billion deal represents the largest LBO in world history.

Huntington Bancshares (HBAN | Quote | Chart | News | PowerRating) announced that loan losses would be within previously forecast levels, heartening investors on Friday who bid the stock higher by more than 29% on Friday.

A UBS AG analyst report suggests that further writedowns from Citigroup (C | Quote | Chart | News | PowerRating) mean that the company is likely to announce a loss for the second quarter.

Anticipated lighter demand in both Asia and Europe led a Citigroup analyst to downgrade shares of SanDisk (SNDK | Quote | Chart | News | PowerRating) from "buy" to "hold."

An improved 2008 outlook and an announced $1 billion stock buy back program helped send shares of Western Union (WU | Quote | Chart | News | PowerRating) higher by more than 8% on Friday.

Legendary value investor David Dreman has called for the ousting of Washington Mutual (WM | Quote | Chart | News | PowerRating) CEO, Kerry Killinger, in the wake of the bank's massive losses on subprime and adjustable rate mortgages.

Daimler AG (DAI | Quote | Chart | News | PowerRating) announced plans for a $9 billion stock buyback - and news of its first electric cars to be marketed by 2010.

VIDEO - Pennants (bearish)

Saturday, June 21, 2008

Stock Market Review

Friday, June 20, 2008

AG-Chem Stocks to Watch

POT, AGU, MON, BG, CF, SQM, and TNH

Pre-Market Gappers

Gapping up:

YMI +17.2%, OZRK +11.2%, TS +4.8%, CYTK +2.3%, GOLD +2.3%, MDR +2.2%, MT +1.8%, POT +1.4%, WGO +1.4%, FWLT +1.3%...

Gapping down:

ACH -6.2%, SNP -5.7%, MBI -5.4%, FLE -5.4%, RCL -5.1%, CAL -4.1%, CCL -3.4%, ABK -3.0%, SMOD -2.2%, CINF -1.6%.

QQQQ CHART

Upgrades and Downgrades

Upgrades:

AMR, BZH, APOL, PBG, FITB,

COT, POR

Downgrades:

DV, SY, FTBK, IRF, SNDK, PLD,

OMI, PPO, DENN, SYMC

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 1.33%

In Hong Kong the Hang Seng closed down 0.23%

European Markets are trading lower

Crude Oil is $133.30 per barrel

Gold is $907 per ounce

Thursday, June 19, 2008

Stock Market Review

7 Stocks You Need to Know for Friday

Rising medical costs sent healthcare stocks lower across the board on Thursday, with stocks like UnitedHealthGroup (UNH | Quote | Chart | News | PowerRating) losing more than 7%.

Broadcom (BRCM | Quote | Chart | News | PowerRating) shares benefited from a positive analyst report out of Lehman Brothers that suggested sales of the Nintendo Wii video game console in the second half of 2008 would boost demand for Broadcom's semiconductor chips.

A Goldman Sachs recommendation for investors to sell shares in both Sirius Satellite Radio and XM Satellite Radio (XMSR | Quote | Chart | News | PowerRating) sent both stocks reeling on Thursday.

An analyst upgrade from Citigroup (C | Quote | Chart | News | PowerRating) put a "buy" rating on shares of American International Group (AIG | Quote | Chart | News | PowerRating), which were up nearly 5% on Thursday.

Carnival Cruise Lines (CCL | Quote | Chart | News | PowerRating) beat analyst estimates by a whopping $0.18 per share this morning in its earnings announcement before the open.

Concerns that Motorola (MOT | Quote | Chart | News | PowerRating) may have difficulties with the planned spin-off of its handset unit encouraged traders to sell the stock on Thursday. Motorola lost nearly 6%.

ILMN

Illumina, Inc. has a good tone in early trading so keep it on the radar.

RIMM

Research in Motion has a decent tone in early trading so keep it on the radar.

BTU and ANR

Peabody Energy (BTU) and Alpha Natural (ANR) estimates and target raised at Morgan Stanley

BNI

Burlington Northern: Coal demand positive, sees growth ops; enough cord to satisfy demand for next 5 yrs

ACI CHART


ACI breaks out over $75.75 per share so keep it on the radar.

Pre-Market Gappers

Gapping up:

USNA +11.6%, ESLR +9.9%, CWST +8.4%, HWAY +5.6%, POWR +3.0%, MT +3.0%, SGMO +2.7%, TOT +1.7%, EP +1.7%, SWN +1.7%, BHP +1.2%, BP +1.1%...

Gapping down:

HUN -33.4%, CVH -17.0%, UNH -7.8%, HUM -7.2%, WCG -6.7%, AMSWA -5.7%, WLP -5.7%, CI -5.2%, NOK -2.6%, CS -2.0%, LEAP -1.4%, BCS -1.4%, VRUS -1.0%.

Upgrades and Downgrades

Upgrades:

LSTR, PEC, SLAB, EAS, CWST, KMX

AIG, SEPR

Downgrades:

AGU, KFT, SYNA, HUN, LPL, CVH

TKLC, UBS, CRMT, ESRX, MHS,

WCAA, CMC

Morning News

Futures are flat this morning

In Japan the Nikkei 225 closed down 2.23%

In Hong Kong the Hang Seng closed down 2.26%

European Markets are trading lower

Jobless Claims (wk6/14 , 2008)
Leading Indicators (May , 2008)
Philadelphia Fed Survey (Jun , 2008)
EIA Natural Gas Report (wk6/13 , 2008)
Money Supply (wk6/9 , 2008)

Crude Oil is $135.50 per barrel

Gold is $890 per ounce

Wednesday, June 18, 2008

Breakout List Market Technical Analysis

Stock Market Review

7 Stocks You Need to Know for Thursday

Carnival Cruise Lines (CCL | Quote | Chart | News | PowerRating) is scheduled to report earnings Thursday morning before the market opens. Analysts are expecting EPS of $0.42.

Analyst reports from both Citigroup and Deutsche Bank AG suggesting that gasoline prices are making it difficult for American automakers to move their inventories of SUVs and oversized pickup trucks sent shares of General Motors (GM | Quote | Chart | News | PowerRating) and Ford (F | Quote | Chart | News | PowerRating) lower on Wednesday.

Scheduled to report earnings Thursday before the bell, Circuit City (CC | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $-1.05.

As we noted Wednesday morning in our pre-market e-newsletter Morning Coffee with Trading Markets, Pfizer (PFE | Quote | Chart | News | PowerRating) won a concession from the Indian pharmaceutical company, Ranbaxy Laboratories, to delay the release of a generic version of Pfizer's anti-cholesterol drug, Lipitor for an additional 20 months.

The Government Accountability Office ruled on Wednesday that Boeing (BA | Quote | Chart | News | PowerRating) should be allowed to bid again for a major, $35 billion Air Force contract previously granted to rival Northrop Grumman (NOC | Quote | Chart | News | PowerRating).

BTU

Peabody Energy Corp. is acting well today so keep it on the radar this afternoon. This security breaks out over $82.65 per share.

Stocks in Play

APWR, GMXR, PNRA, SNP, CSIQ

BEXP and SMS

UNP

Union Pacific has a good tone in early trading so keep it on the radar.

RIMM

Research in Motion has a decent tone in early trading so keep it on the radar.

Pre-Market Gappers

Gapping up:

PANC +14.3%, YRCW +8.4%, PNRA +5.4%, LINE +4.3%, BEZ +2.6%, AMTD +2.0%, PFE +1.6%, GOLD +1.1%...

Gapping down:

MF -16.5%, HOO -11.7%, FITB -10.8%, ABK -4.7%, CLC -3.0%, GFI -2.8%, OGE -2.6%, NOVL -2.4%, BP -2.3%, GCI -2.2%, ELN -2.2%, RDS.A -2.1%, UBS -1.9%, BHP -1.8%, NOK -1.6%, TOT -1.3%, APL -1.2%.

Breakout List Market Technical Analysis

Upgrades and Downgrades

Upgrades:

ASF, KNSY, ASMI, ENH, MWA,

BWA, SNN

Downgrades:

INFY, PTP, BKUNA

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed up 0.73%

In Hong Kong the Hang Seng closed up 1.16%

European markets are trading down

MBA Purchase Applications (wk6/13 , 2008)
EIA Petroleum Status Report (wk6/13 , 2008)

Crude Oil is $135 per barrel

Gold is $887 per ounce


Tuesday, June 17, 2008

Stock Market Review

7 Stocks You Need to Know for Wednesday

CME Group Inc. (CME | Quote | Chart | News | PowerRating) was the S&P 500's biggest gainer on word that the Justice Department would approve CME's purchase of NYMEX, the New York Mercantile Exchange.

Goldman Sachs (GS | Quote | Chart | News | PowerRating) blew away earnings estimates this morning before the open, having largely avoided the worst of the lending crisis that has haunted its Wall Street peers.

FedEx (FDX | Quote | Chart | News | PowerRating) is scheduled to report quarterly earnings Wednesday before the open. Analysts are expecting earnings of $1.47 per share.

Zions Bancorporation (ZION | Quote | Chart | News | PowerRating) was down more than 10% on Tuesday as a Goldman Sachs report suggested tough times for regional banks through 2009.

Canadian Solar (CSIQ | Quote | Chart | News | PowerRating) closed up more than 10% on news that the company was boosting its 2008 sales forecast by as much as $220 million.

In their earnings announcement Tuesday before the open, Best Buy (BBY | Quote | Chart | News | PowerRating) topped analyst estimates by six cents per share.

Morgan Stanley (MS | Quote | Chart | News | PowerRating) reports earnings tomorrow before the bell, with analysts expecting EPS of $0.92.

Pre-Market Gappers

Gapping up:

GOLD +5.6%, BCS +5.3%, SYUT +4.9%, UBS +4.0%, ELN +4.0%, ALU +4.0%, TGAL +3.7%, CME +3.2%, CX +3.0%, ERIC +2.4%, TEVA +2.3%, SQM +2.2%, BHP +1.8%, INSP +1.6%...

Gapping down:

INFN -25.6%, LZB -13.3%, GPRO -9.8%, MHO -4.6%, ADBE -2.3%, SOL -1.6%

Upgrades and Downgrades

Upgrades:

XRTX, ORA, RDEN, DHT, CME, HOV

Downgrades:

CCC, TRGL, ACAD, CNK, TPX, WHQ

VLCCF, CTXS, ACAD

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down .04%

In Hong Kong the Hang Seng closed up 0.12%

European markets are trading higher

ICSC-UBS Store Sales (wk6/14 , 2008)

Current Account (Q1 , 2008)

Housing Starts (May , 2008)

Producer Price Index (May , 2008)

Redbook (wk6/14 , 2008)

Industrial Production (May , 2008)

State Street Investor Confiden (Jun , 2008)

Crude Oil is $133 per barrel

Gold is $886 per ounce

7 Stocks You Need to Know for Tuesday

As expected, Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) reported a loss of $2.8 billion for the quarter. Shares of Lehman were up more than 5%, their third consecutive day of gains.

Adobe Systems (ADBE | Quote | Chart | News | PowerRating) reported quarterly EPS of 0.50 after the bell on Tuesday, beating analysts estimates.

Would-be acquirer InBev has warned Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) not to solicit alternative bids or risk InBev withdrawing its own $46.3 billion dollar bid for the American brewer.

Best Buy (BBY | Quote | Chart | News | PowerRating) is scheduled to report earnings Tuesday morning before the market opens, Analysts are expecting EPS of 0.37.

Announcing earnings before the bell on Tuesday, Goldman Sachs (GS | Quote | Chart | News | PowerRating) is expected to report earnings per share of $3.42.

A ruling by the FCC on Monday clears the way for Sirius Satellite Radio (SIRI | Quote | Chart | News | PowerRating) to follow through with its planned takeover of rival XM Satellite Radio (XMSR | Quote | Chart | News | PowerRating)

Sunday, June 15, 2008

I will return on Tuesday

I am currently out of town and will return on Tuesday.

Breakout List Market Technical Analysis

7 Stocks You Need to Know for Monday

Days after rallying on optimism on overseas sales, shares of Coca Cola (KO | Quote | Chart | News | PowerRating) fell on Friday on the news that bottler Coca Cola Hellenic would be cutting sales and profit forecasts for the year due to rising raw materials costs.

Capital-raising and dividend-cutting appear to be in the future for Fifth Third Bancorp (FITB | Quote | Chart | News | PowerRating), according to analysts at BMO Capital Markets. The stock was among Friday's biggest losers.

In the face of a $46.3 billion dollar bid from Belgian brewer InBev, Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) announced that it was in talks about a possible deal with Mexican beer maker, Grupo Modelo instead.

Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) was among the day's biggest gainers as investors bid the stock higher on news that Blackrock had purchased shares of the company during a secondary offering earlier this week.

Yahoo! (YHOO | Quote | Chart | News | PowerRating) announced that it has ended talks with Microsoft (MSFT | Quote | Chart | News | PowerRating) and instead completed a search partnership deal with rival Google (GOOG | Quote | Chart | News | PowerRating).

Saturday, June 14, 2008

VIDEO - Descending Triangles

A new video (Descending Triangles) has been added to the Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Symmetrical Triangles (bullish)

VIDEO - Ascending Triangles

VIDEO - Flags (bullish)

VIDEO - Wedges (bearish)

VIDEO - Descending Triangles

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, June 13, 2008

Pre-Market Gappers

Gapping up:

SWHC +8.7%, LCC +5.9%, LSCC +4.9%, CHDX +4.2%, STLD +3.4%, COG +3.1%, AZ +3.1%, MEE +2.4%, RRC +2.3%, UBS +2.2%, LEH +1.6%, ESMK +1.5%...

Gapping down:


FNSR -9.1%, CPST -3.8%, KEY -3.2%, OMX -2.3%, BC -1.6%, RDS.A -1.6%, CAG -1.4%, BUD -1.0%.

Upgrades and Downgrades

Upgrades

PTNR, YHOO, PCZ, ODFL, CNW, CPB, MWV

Downgrades

BNHN, FNSR, BRP, BUD, BTM, ARAY, ABI

WDFC, UHS

Morning News

Futures are currently flat

In Japan the Nikkei 225 closed up 0.61%

In Hong Kong the Hang Seng closed down 1.87%

Consumer Price Index (May , 2008)

Consumer Sentiment (Jun , 2008)

Crude Oil is $135 per barrel

Gold is $862 per ounce

Thursday, June 12, 2008

Stock Market Review

7 Stocks You Need to Know for Friday

Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) received a $46.3 billion unsolicited bid from Belgian brewer InBev on Thursday. The deal as proposed would be the largest cash takeover ever.

Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) announced the replacement of both its CFO and President on Thursday, as the company's stock fell another 4%.

Palm (PALM | Quote | Chart | News | PowerRating) rallied more than 10% on news that Verizon Wireless would sell Palm's latest smartphone, Centro.

Microsoft (MSFT | Quote | Chart | News | PowerRating) announced a willingness to complete an "alternative transaction" with Yahoo! (YHOO | Quote | Chart | News | PowerRating) instead of returning to its original bid for the Internet company.

Strong retail sales due to tax rebates and the increased cost of food and fuel helped boost retailers such as Wal-Mart (WMT | Quote | Chart | News | PowerRating) early in Thursday's trading, though retailers in general finished off their highs.

Dell (DELL | Quote | Chart | News | PowerRating) is among a number of companies losing money on its share buyback program. In spite of spending $4 billion on its own stock, DELL is down 11% over the past year.

FSLR

First Solar, Inc. is once again acting well so keep it on the radar.

V

Visa, Inc. has been down about 4 days in a row and this is the first day up so keep it on the radar.

CME

CME Group, Inc. is acting well in early trading so keep it on the radar.

Pre-Market Gappers

Gapping up:

CYBX +13.0%, OCCF +10.7%, BUD +7.1%, IBN +6.0%, CASY +5.2%, BZP +4.6%, SHPGY +3.0%, TAP +2.1%, RTP +1.8%...

Gapping down:

EGR -24.8%, PWER -10.9%, NCMI -8.7%, ROC -6.9%, TOO -5.6%, NDN -4.2%, VE -2.6%, KEY -1.7%, BCS -1.6%, GLD -1.1%.

Upgrades and Downgrades

Upgrades:

BEN, NT, TMX, CNX, RYL, THC, BP, PMC

CN, CHU, ALD

Downgrades:

LZ, FIG, VSE, BIOF, ADM, ACI, MSO, LPNT

BMRN, DWA, NVS,

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 2.08%

In Hong Kong the Hang Seng closed down 1.30%

European markets are trading higher

Retail Sales (May , 2008)

Jobless Claims (wk6/7 , 2008)

Import and Export Prices (May , 2008)

Business Inventories (Apr , 2008)

EIA Natural Gas Report (wk6/6 , 2008)

Money Supply (wk6/2 , 2008)

Crude Oil is $132.80 per barrel

Gold is trading down and is $872 per ounce

Wednesday, June 11, 2008

Stock Market Review

7 Stocks You Need to Know for Thursday

A week after upgrading shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) to a "buy", Merrill Lynch is on the retreat, downgrading the stock back to "neutral."

Takeover rumors helped boost shares of Alcoa (AA | Quote | Chart | News | PowerRating) last week. As those rumors vanish, so do the rumor-fueled gains as the stock sold off nearly 8% on Wednesday.

Centex (CTX | Quote | Chart | News | PowerRating) and KB Homes (KBH | Quote | Chart | News | PowerRating) were among four homebuilders fined as part of a settlement for violating federal clean water laws.

Susan Lyne, CEO of Martha Stewart Living Omnimedia (MSO | Quote | Chart | News | PowerRating) announced her resignation on Wednesday. Shares of the stock sold off by 6% on the day.

A note from a UBS analyst that Burlington Northern Santa Fe Corp. (BNI | Quote | Chart | News | PowerRating) was likely to be affected by rising fuel costs gave traders the opportunity to take profits on Wednesday, sending the stock lower by nearly 7%.

Staples (SPLS | Quote | Chart | News | PowerRating) has agreed to buy Corporate Express for $4.8 billion. The deal, in which Staples was a tireless suitor of the Dutch office supplies company, works out to $14.30 per share.

JRCC CHART


JRCC has broken out and made a new 52 week high so keep it on the radar.

DIOD

Diodes, Inc. is acting well in early trading so keep it on the radar.

FSLR

First Solar, Inc. has a good tone in early trading so keep it on the radar.

AG-Chem Stocks to Watch

AGU, BG, CF, MOS, MON, POT, SQM and TNH

CCJ

Cameco Corp. was upgraded this morning by UBS so keep it on the radar.

AGU

Agrium, Inc. raised forward guidance so keep it on the radar today.

Pre-Market Gappers

Gapping up:

PPCO +5.5%, AGU +5.3%, REXX +4.7%, BP +2.9%, RDS.A +2.8%, BIIB +2.0%, MT +1.6%, DB +1.6%, POT +1.6%, SPSX +1.5%, AMD +1.3%, DCI +1.3%...

Gapping down:

HOFT -13.3%, SNIC -13.0%, OXM -7.4%, RBS -6.1%, QSII -5.2%, LUB -2.9%, GOLD -2.0%, BCS -1.4%, NTY -1.1%.

Upgrades and Downgrades

Upgrades:

CCJ, PETM, BYD, XRM, TMX, BCH

Downgrades:

FMS, AA, MCHP, NLY, STE, HRC


SAN, ARRS

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 1.16%

In Hong Kong the Hang Seng closed down 0.21%

European markets are trading slightly higher

MBA Purchase Applications (wk6/6 , 2008)

Quarterly Services Survey (Q1 , 2008)

EIA Petroleum Status Report (wk6/6 , 2008)

Beige Book (May , 2008)

Treasury Budget (May , 2008)

Crude Oil is $133.50 per barrel

Gold is $876 per ounce

Silver is $16.65 per ounce

Tuesday, June 10, 2008

Stock Market Review

7 Stocks You Need to Know for Wednesday

A Deutsche Bank AG analysis of options trading activity in both Goldman Sachs (GS | Quote | Chart | News | PowerRating) and Citigroup (C | Quote | Chart | News | PowerRating) - among others - suggests that traders are pricing in significant dividend cuts across the board in the financial services industry.

Nvidia (NVDA | Quote | Chart | News | PowerRating), one of the biggest makers of computer graphics chips, was downgraded today from "neutral" to "sell" by FTN Midwest, citing growing inventories and competition.

The death watch for Lehman Brothers (LEH | Quote | Chart | News | PowerRating) continues, with Wachovia Corp and Credit Suisse downgrading the stock due to Lehman's larger than expected losses.

National City Corp (NCC | Quote | Chart | News | PowerRating), the largest bank in Ohio, admitted to having a "Memorandum of Understanding" with the Federal Reserve Bank of Cleveland with regard to questions over asset quality, liquidity and risk management.

The less than optimistic forecast provided by Texas Instruments (TXN | Quote | Chart | News | PowerRating) during its mid-quarter outlook led traders to sell the stock on Tuesday.

Anticipated revenue growth from operations overseas led Deutsche Bank AG to upgrade Coca Cola (KO | Quote | Chart | News | PowerRating) from "hold" to "buy."

SQM

SOCIEDAD DE CHILE SC has a good tone to it today so keep it on the radar.

AMZN

Amazon.com has a decent tone in early trading so keep it on the radar.

MA

Mastercard, Inc. is bucking the trend in early trading so keep it on the radar.

AAPL

Apple, Inc. has a good tone in early trading so keep it on the radar.

AMSC

American Superconductor Corp. is acting very well in early trading so keep it on the radar.

XTO

XTO Energy, Inc. has a good tone in early trading so keep it on the radar.

Nasdaq Chart

Pre-Market Gappers

Gapping up:

SHFL +11.2%, HK +2.8%, TIE +2.0%, HIRE, AMLN

Gapping down:

CMGI -15.1%, ALXA -8.5%, VE -6.2%, NBF -5.7%, NX -3.8%, TS -3.5%, BWP -3.4%, MT -3.2%, HMY -3.1%, WLT -2.9%, ALU -2.5%, BP -2.2%, TOT -1.8%.

Upgrades and Downgrades

Upgrades:

CBRL, HBI, MPR, ASMI, NVO, WBS, ETN, MVSN

Downgrades:

NOK, TRCA, CLX, MSCC, ENP, AMLN, TKLC, ATAI

SPRD, MUR

Breakout List Market Technical Analysis

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 1.13%

In Hong Kong the Hang Seng closed down 4.21%

European markets are trading down

Bernanke Says Fed to Resist Price Expectations Surge in inflation

ICSC-UBS Store Sales (wk6/7 , 2008)

International Trade (Apr , 2008)

Redbook (wk6/7 , 2008)

Crude Oil is $135 per barrel

Gold is $888 per ounce

Monday, June 09, 2008

Stock Market Review

7 Stocks You Need to Know for Tuesday

UBS is estimating that Washington Mutual (WM | Quote | Chart | News | PowerRating) will lose nearly $22 billion between now and 2011 due to losses related to mortgage lending. This number is significantly higher than Washington Mutual's own estimates.

Krispy Kreme (KKD | Quote | Chart | News | PowerRating) provided investors with its first profitable quarter in more than three years due to lower expenses and the sale of two franchises.

Investors in Altria Group (MO | Quote | Chart | News | PowerRating) were heartened by news that the U.S. Supreme Court would revisit a lower court ruling that called for the company to pay $79.5 million in damages to an Oregon plaintiff.

A precautionary salmonella warning forced McDonalds (MCD | Quote | Chart | News | PowerRating) to stop putting raw tomatoes on its sandwiches in the U.S. But news of higher May store sales kept the stock price moving higher on Monday.

With its weekend box office hit, "Kung Fu Panda", DreamWorks Animation (DWA | Quote | Chart | News | PowerRating) was higher by more than 5% on the first trading day of the week.

Apple (AAPL | Quote | Chart | News | PowerRating) has unveiled a new iPhone geared toward attracting business customers with its faster, "third generation" access to the Internet. AT&T (T | Quote | Chart | News | PowerRating) will be the only other U.S. provider.

AGU

Agrium, Inc. has broken out and made a new 52 week high so keep it on the radar this afternoon.

BTU

Peabody Energy Corp. is acting well today so keep it on the radar.

Railroad Stocks to Watch

UNP, NSC, BNI and RAIL

AG-Chem Stocks to Watch

AGU, BG, CF, MOS, MON, POT, SQM and TNH

MOS

Mosaic added to Goldman Sachs' Conviction Buy List

Pre-Market Gappers

Gapping up:

HEV +8.3%, TWTI +5.8%, MOS +3.4%, WM +3.3%, IART +2.8%, BP +2.3%, NOK +2.2%, XIDE +2.2%, RDS.A +2.1%, IR +2.0%, TS +1.5%, CPRT +1.1%...

Gapping down:

LEH -7.6%, RBS -3.8%, UBS -3.0%, GOLD -2.8%, XL -2.0%, VOD -2.0%, BCS -1.9%, MER -1.9%.

Upgrades and Downgrades

Upgrades:

MPR, ASMI, NVO, WBS, ETN, MVSN

Downgrades:

ENP, AMLN, TKLC, ATAI, SPRD, MUR

10 Best and Worst Performing Industries

Morning News

Futures are pointing to a higher open

In Hong Kong the Hang Seng closed up 0.61%

In Japan the Nikkei 225 closed down 2.13%

European Markets are flat

Pending Home Sales Index (Apr , 2008)

Lehman lost $2.8 Billion in the Second Quarter

Crude Oil is $137 per barrel

Gold is $906 per ounce

Silver is $17.45 per ounce

Sunday, June 08, 2008

VIDEO - Bearish Wedges

A new video has been added to the Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Symmetrical Triangles (bullish)

VIDEO - Ascending Triangles

VIDEO - Flags (bullish)

VIDEO - Wedges (bearish)

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/

Saturday, June 07, 2008

Stock Market Review

7 Stocks You Need to Know for Monday

National Semiconductor (NSM | Quote | Chart | News | PowerRating) ended the day up more than 4% on Friday after announcing that the company's next fiscal year earnings per share would be higher by as much as 20%.

Higher fuel costs and cutbacks by air carriers contributed to another day of selling in shares of Boeing (BA | Quote | Chart | News | PowerRating) on Friday. The stock finished the day down more than 5%.

American International Group (AIG | Quote | Chart | News | PowerRating) was the biggest decliner in the Dow industrials on Friday, losing more than 6%. AIG is reportedly under investigation by the SEC for alleged overvaluing of subprime mortgage related swaps.

Carl Icahn continued his campaign to force Yahoo! (YHOO | Quote | Chart | News | PowerRating) CEO Wang to sell the company to Microsoft (MSFT | Quote | Chart | News | PowerRating) - albeit at a premium to Microsoft's original offer. Icahn accused the Yahoo! chief of "dancing around."

A Federal Trade Commission probe into Intel (INTC | Quote | Chart | News | PowerRating) and its alleged dominance of the computer processor market was announced today.

Ad sales for NBC were surprisingly strong given the concerns over the economy and consumer spending. NBC is owned by General Electric (GE | Quote | Chart | News | PowerRating), which was down 3% on Friday amid the overall bearish tone of the market.

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