Sunday, November 30, 2008
7 Stocks you need to know for Monday
Carl Icahn reportedly boosted his stake in Yahoo! (YHOO | Quote | Chart | News | PowerRating) by 6.8 million shares. Icahn is now the fourth largest shareholder in the Internet company.
Politicians are looking to revisit the Citigroup (C | Quote | Chart | News | PowerRating) bailout, suggesting that greater accountability should be required in return for the assistance given.
Ford Motor Company (F | Quote | Chart | News | PowerRating) is resisting calls for CEO Alan Mullaly to take a cut in pay at the same time Ford joins other automakers in requesting emergency Federal loans.
As part of a sizable restructuring effort, General Motors (GM | Quote | Chart | News | PowerRating) is considering shutting down well-known brands including Saturn and Saab.
Among the earnings traders and investors will be looking for next week are those from Beazer Homes USA (BZH | Quote | Chart | News | PowerRating) and Toll Brothers (TOL | Quote | Chart | News | PowerRating). Shares of both homebuilders have moved dramatically higher in recent days.
Among the retailers analysts are expecting to weather any down turn in holiday spending is Macy's (M | Quote | Chart | News | PowerRating), which has the advantage of larger size over its competitors.
Do you think Macy's will be Up or Down on Tuesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!
Saturday, November 29, 2008
Economic Releases & Earnings Reports for next week
Economic Releases & Earnings Reports for Dec 1 -5
Update of Free Stock Picks
Nov 23 - Next Week's Set-Ups
Nov 30 - Next Week's Set-Ups updated
Friday, November 28, 2008
Morning News
In Japan the Nikkei 225 closed up 1.66%
In Hong Kong the Hang Seng closed up 2.5%
European markets are down by 1% early on
Deep Sales draw Black Friday Crowds
Farm Prices (Nov , 2008)
Money Supply (wk11/17 , 2008)
Crude Oil is $53.50 per barrel
Gold is $814 per ounce
Thursday, November 27, 2008
7 Stocks you need to know for Friday
BCE Inc. (BCE | Quote | Chart | News | PowerRating) plunged by more than 34% on Wednesday after signaling that the economic crisis may prevent the Canadian telecommunications giant from going private in December as planned.
Automakers continued their surge higher on Wednesday as General Motors (GM | Quote | Chart | News | PowerRating) gained 35% and Ford Motor Company (F | Quote | Chart | News | PowerRating) was higher by 29%.
With Black Friday coming up and Cyber Monday around the corner as the holiday shopping season begins, many shoppers and investors will turn toward retailers such as Wal-Mart (WMT | Quote | Chart | News | PowerRating) and JC Penny (JCP | Quote | Chart | News | PowerRating), which is reportedly launching the largest Black Friday sale in company history.
And as for Cyber Monday, both eBay (EBAY | Quote | Chart | News | PowerRating) and Amazon.com (AMZN | Quote | Chart | News | PowerRating) will be among those online businesses hoping to be extra busy.
Do you think that Wal-Mart will be Up or Down on Monday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 each month by correctly guessing the direction of a stock!
Wednesday, November 26, 2008
Morning News
In Japan the Nikkei 225 closed down 1.33%
In Hong Kong the Hang Seng closed up 3.8%
European markets are trading down by 1-2% early on
MBA Purchase Applications (wk11/21 , 2008)
Jobless Claims (wk11/22 , 2008)
Personal Income and Outlays (Oct , 2008)
Durable Goods Orders (Oct , 2008)
NAPM-Chicago (Nov , 2008)
Consumer Sentiment (Nov , 2008)
New Home Sales (Oct , 2008)
EIA Petroleum Status Report (wk11/21 , 2008)
EIA Natural Gas Report (wk11/21 , 2008
Crude Oil is $51.35 per barrel
Gold is $819 per ounce
Tuesday, November 25, 2008
7 Stocks you need to know for Wednesday
Goldman Sachs (GS | Quote | Chart | News | PowerRating) and Morgan Stanley (MS | Quote | Chart | News | PowerRating) are the two banks taking the lead in selling FDIC-guaranteed debt.
In a cost-cutting effort, Cisco (CSCO | Quote | Chart | News | PowerRating) said that the company plans to shut down for the final week of the year. The move is expected to help save Cisco $1 billion.
Fears that Research in Motion (RIMM | Quote | Chart | News | PowerRating) might miss its subscriber goals for the quarter ending in November led to selling in the stock on Tuesday.
Shares of E*Trade (ETFC | Quote | Chart | News | PowerRating) soared on optimism that the online brokerage firm would be able to access funds from the Federal Troubled Asset Relief Program or TARP.
Deere (DE | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the markets open. Analysts are expecting EPS of 0.99.
Monday, November 24, 2008
7 Stocks you need to know for Tuesday
Citigroup (C | Quote | Chart | News | PowerRating) reached an agreement with the Federal government that calls for loan guarantees up to $306 billion and $20 billion in new capital in exchange for $27 billion in preferred shares.
King Pharmaceuticals (KG | Quote | Chart | News | PowerRating) has agreed to acquit rival Alpharma for $1.6 billion.
Reporting earnings it pre-announced a week ago, Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) reported EPS of 1.03 EPS, beating estimates for the fourth quarter as anticipated.
BlackRock, T. Rowe Price and George Soros are among the headline investors in the coal industry of late, with both Arch Coal (ACI | Quote | Chart | News | PowerRating) and Peabody Energy (BTU | Quote | Chart | News | PowerRating) among the more preferred stocks in the group. Coal energy demand is widely believed to be relatively recession-proof due to its critical role in providing electricity.
Shares of Apple (AAPL | Quote | Chart | News | PowerRating) were higher on Monday as JP Morgan (JPM | Quote | Chart | News | PowerRating) raised its 2009 and 2010 profit estimates for the company.
Upgrades and Downgrades
JCG, GIS, FTO, TRI, XPRT
PTRY, NYT, CI, DDE, BWLD
Downgrades:
SAI, CBIE, ERIC, PALM, NFS, STP
Morning News
In Japan the Nikkei 225 closed up 2.7%
In Hong Kong the Hang Seng closed down 1.6%
European markets are trading higher by 4-5% early on
Citi gets $306 Billion Loan Guarantee, 20 Billion in Cash
GM Said to Seek Cut in debt, New Union Rules to Gain Support for U.S. Aid
Existing Home Sales (Oct , 2008)
Crude Oil is $51.65 per barrel
Gold is $816.50 per ounce
Saturday, November 22, 2008
Nov 23 - Stock Picks, the VIX, Economic Releases & Earnings Reports
Last Week's Set-Ups
And here's a new list of stocks we're looking to trade this coming week...
Next Week's Set-Ups
Last Thursday we sent out a chart of the VIX and put/call ratio and suggested traders take profits on shorts or at the very least tighten up stops. Here's an update of those charts...
VIX & Put/Call
And here are next week's economic releases and earnings reports...
Economic Releases & Earnings Reports for next week
www.leavittbrothers.com
7 Stocks you need to know for Monday
An analyst with Oppenheimer Company upgraded shares of Microsoft (MSFT | Quote | Chart | News | PowerRating) from "perform" to "overperform" on Friday and set a price target of $22.
Wal-Mart (WMT | Quote | Chart | News | PowerRating) announced that chief executive officer, Lee Scott, was retiring. He will be replaced by Mike Duke, who heads Wal-Mart's overseas operations.
Campbell Soup (CPB | Quote | Chart | News | PowerRating) reports quarterly earnings on Monday before the market opens. Analysts are expecting EPS of 76 cents.
A surprising earnings beat and a Citigroup upgrade from "hold" to "buy" helped send shares of retailer Gap Inc. (GPS | Quote | Chart | News | PowerRating) higher on Friday.
With gold moving to a one-month high on Friday, money flowed into gold stocks such as AngloGold Ashanti Ltd. (AU | Quote | Chart | News | PowerRating) which soared by more than 30%.
Also higher on Friday was basic materials company Alcoa (AA | Quote | Chart | News | PowerRating), gaining more than 20% as one of the leading stocks in the Dow on the day.
Amid rumors that the company might consider selling parts of its business - or even look to sell itself entirely - Citigroup (C | Quote | Chart | News | PowerRating) shares slid below $4 on Friday.
Friday, November 21, 2008
Stocks Trading Up in Pre-Market
DELL, QGEN, INTC, CSCO, MSFT
JAVA, BIDU, GOOG
Upgrades and Downgrades
MCHX, FSS, FARO, DISCA, CXG
CLF, E, DRI, MYGN, BMRN, LTD
GPS, CRM, WSH, ARBA, MSFT
Downgrades:
ZUMZ, DELL, VMW, MCHP, CE, SPR
GR, BEAV, SOL, ADSK, ORCL
Morning News
In Japan the Nikkei 225 closed up 2.7%
In Hong Kong the Hang Seng closed up 2.9%
European markets are currently flat
Citigroup Board said to Meet to discuss Bank's Options after stock plunges
Goldman Lowers U.S. Growth forecasts, Says Unemployment will climb to 9%
Pirates Say $25 Million must be paid soon for Saudi Supertanker
Existing Home Sales (Oct , 2008)
Crude Oil is $50 per barrel
Gold is $756 per ounce
Thursday, November 20, 2008
7 Stocks you need to know for Friday
The Dow closed lower by 444.99. The Nasdaq Composite lost 70.30. And the S&P 500 fell by 54.14.
Here are 7 Stocks You Need to Know for Friday.
Reporting earnings Thursday after the market closed, Dell (DELL | Quote | Chart | News | PowerRating) beat analyst estimates by six cents.
Yahoo! (YHOO | Quote | Chart | News | PowerRating) is stepping up its efforts to forge a deal with Time Warner (TWX | Quote | Chart | News | PowerRating) whereby in exchange for a stake in Yahoo!, Time Warner would hand over its AOL advertising business to the Internet search company.
Automakers failed to win support for a much-sought after bridge loan from Congress on Thursday. Shares of both General Motors (GM | Quote | Chart | News | PowerRating) and Ford Motor Company (F | Quote | Chart | News | PowerRating), which were up early in the day, finished well-off their highs.
Despite news that Saudi Prince Alwaleed bin Talal was increasing his investment stake in Citigroup (C | Quote | Chart | News | PowerRating), shares of the stock moved dramatically lower for a fourth trading day in a row.
HJ Heinz (HNZ | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of 76 cents.
Upgrades and Downgrades
VLCCF, ODFL, MFB, HOTT, GET,
BYI, BW, BLT, SCHW, WIN, GYMB
DSX, AWC, SXL
Downgrades:
SNDK, SAP, RSCR, CCO, DCM, AMED
NMM, PAY, EGLE, TARG
Morning News
In Japan the Nikkei closed down nearly 7%
In Hong Kong the Hang Seng closed down 4%
European markets are trading down by 2% early on
Big 3 Automakers leave Washington Empty handed
Bernanke May Find Deflation back on the Table
Jobless Claims (wk11/15 , 2008)
Crude Oil is $52 per barrel
Gold is $743 per ounce
Wednesday, November 19, 2008
7 Stocks you need to know for Thursday
The Dow lost 427.47. The Nasdaq Composite closed lower by 96.85. And the S&P 500 ended the day down 52.54.
Here are 7 Stocks You Need to Know for Thursday.
Word that Microsoft (MSFT | Quote | Chart | News | PowerRating) was no longer interested in an acquisition of Yahoo! (YHOO | Quote | Chart | News | PowerRating), even with the pending departure of CEO Jerry Yang, sent shares of Yahoo! sharply lower on Wednesday.
Reporting earnings Thursday after the bell, Gap (GPS | Quote | Chart | News | PowerRating) is expected announce EPS of 0.34.
Belt-tightening in the technology sector continues, with KLA-Tencor (KLAC | Quote | Chart | News | PowerRating) announcing plans to cuts its workforce by 15% worldwide by June 2009.
Lawmakers continued to grill the CEOs of General Motors (GM | Quote | Chart | News | PowerRating), Ford Motor Company (F | Quote | Chart | News | PowerRating) and Chrysler LLC for the second day in a row.
Dell (DELL | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday after the market closes. Analysts are expecting earnings per share of 0.31.
CLF
Morning News
In Japan the Nikkei 225 closed down 0.66%
In Hong Kong the Hang Seng closed down 0.77%
European markets are trading down 1-2% early on
MBA Purchase Applications (wk11/14 , 2008)
Consumers will suffer if GM goes under
Crude Oil is $54 per barrel
Gold is $736 per ounce
Tuesday, November 18, 2008
7 Stocks you need to know for Wednesday
With Jerry Yang stepping down as Yahoo! (YHOO | Quote | Chart | News | PowerRating) CEO, unresolved deals such as the company's plan to buy Time Warner's AOL unit, are likely to be revisited.
BJs Wholesale (BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the market opens. Analysts are expecting EPS of 0.46. After the bell on Wednesday, Men's Warehouse (MW | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings per share of 24 cents.
InBev received the final approval to complete its $52 billion dollar acquisition of Anheuser-Busch (BUD | Quote | Chart | News | PowerRating).
The CEOs of Ford Motor Company (F | Quote | Chart | News | PowerRating), General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler LLC testified before Congress in favor of $25 billion in loans to avoid a collapse of the U.S. auto industry.
Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) beat quarterly analysts earnings estimates in a pre-announcement that also included a positive forecast despite widespread fears of a global PC sales slowdown in 2009.
Monday, November 17, 2008
7 Stocks you need to know for Tuesday
Citigroup (C | Quote | Chart | News | PowerRating) announced that it would cut more than 50,000 jobs in an effort to cut costs and become more efficient.
UBS AG upgraded McDonald's (MCD | Quote | Chart | News | PowerRating) on Monday from "neutral" to "buy". UBS analysts cited confidence in McDonalds' ability to beat 2009 earnings expectations. Also upgraded to "buy" was Yum! Brands (YUM | Quote | Chart | News | PowerRating), which operates Pizza Hut, Taco Bell and KFC restaurants.
Despite continued confusion of the likely outcome of a potential bailout for the auto industry, shares of General Motors (GM | Quote | Chart | News | PowerRating) were among the few Dow stocks moving higher late in trading on Monday.
High end retailer Saks (SKS | Quote | Chart | News | PowerRating) is expected to announce an earnings per share loss of 0.03 when the company reports Tuesday morning before the bell.
A controversial move to block searches for unlicensed pharmaceutical companies led traders to aggressively sell shares of the Baidu.com (BIDU | Quote | Chart | News | PowerRating) on Monday. BIDU was down more than 25%.
Morning News
In Japan the Nikkei 225 closed up 0.71%
In Hong Kong the Hang Seng closed down 0.10%
European markets are trading down by 2% or more early on
Empire State Mfg Survey (Nov , 2008)
CEO Blankfein, Deputies Forgo Bonuses for 2008 as Goldman can't ignore Economic Woes
Crude Oil is $56 per barrel
Gold is $743.50 per ounce
Saturday, November 15, 2008
VIDEO - Rectangles (neutral)
Bullish Chart Patterns
Symmetrical Triangles
Ascending Triangles
Wedges
Flags
Pennants
Rectangles
Head-n-Shoulder Bottom
Cup-n-Handle
Trendlines
Neutral Chart Patterns
Symmetrical Triangles
Rectangles
Bearish Chart Patterns
Symmetrical Triangles
Descending Triangles
Wedges
Flags
Pennants
Rectangles
Head-n-Shoulder Top
Trendline
Have a great week!
www.leavittbrothers.com
Friday, November 14, 2008
7 Stocks you need to know for Monday
In a memo to employees, Citigroup (C | Quote | Chart | News | PowerRating) CEO said that the company's revenues are "strong and stable."
Sun Microsystems (JAVA | Quote | Chart | News | PowerRating) announced on Friday that it was cutting up to 6,000 jobs.
Reporting a quarterly loss of more than $25 billion, mortgage finance giant Freddie Mac (FRE | Quote | Chart | News | PowerRating) petitioned the U.S. Treasury for more than $13 billion in emergency funding.
Belgian brewer InBev won U.S. antitrust approval for its proposed acquisition of Anheuser-Busch (BUD | Quote | Chart | News | PowerRating). Shares of BUD have gained more than 20% since making an oversold low in late October.
After a dramatic intraday reversal on Thursday, Dell (DELL | Quote | Chart | News | PowerRating) was one of the best performers in the S&P 500 on Friday, rallying by more than 6% intraday.
More retail earnings on deck for Monday. Target (TGT | Quote | Chart | News | PowerRating) reports before the bell, with analysts expecting earnings per share of 0.49. Also reporting before the market opens on Monday is Lowe's (LOW | Quote | Chart | News | PowerRating). Lowe's is expected to announce EPS of 0.28.
Upgrades and Downgrades
URBN, WBC, CNB, VTR,
PSO, SNV
Downgrades:
TEG, HRP, LHO, NDSN, DCI,
DSGX, WLT, GSK, GA
Morning News
In Japan the Nikkei 225 closed up 2.75%
In Hong Kong the Hang Seng closed up 2.45%
European markets are trading higher early on
Retail Sales (Oct , 2008)
Business Inventories (Sep , 2008)
Consumer Sentiment (Nov , 2008)
EIA Natural Gas Report (wk11/7 , 2008)
Crude Oil is $58 per barrel
Gold is $727 per ounce
Thursday, November 13, 2008
7 Stocks you need to know for Friday
Dell (DELL | Quote | Chart | News | PowerRating) was added to Goldman Sach's "conviction sell" list on Thursday due to earnings concerns.
Retail earnings afterhours on Thursday included Kohls (KSS | Quote | Chart | News | PowerRating), which beat by a penny, and Nordstrom (JWN | Quote | Chart | News | PowerRating), which missed by a penny. More retail earnings are due Friday morning before the bell, with analysts expecting earnings per share of 0.53 from JC Penny (JCP | Quote | Chart | News | PowerRating).
Among the few stocks that are oversold above the 200-day moving average, two belong to the biotechnology sector, Amgen (AMGN | Quote | Chart | News | PowerRating) and Cephalon Inc. (CEPH | Quote | Chart | News | PowerRating).
Energy stocks helped lead the markets' tremendous oversold rally on Thursday. Near the head of that pack was Chevron (CVX | Quote | Chart | News | PowerRating), which gained more than 12%.
Morning News
In Japan the Nikkei 225 closed down 5.25%
In Hong Kong the Hang Seng closed down 5.15%
European markets are currently flat to slightly lower
MBA Purchase Applications (wk11/7 , 2008)
Jobless Claims (wk11/8 , 2008)
International Trade (Sep , 2008)
RBC CASH Index (Nov , 2008)
EIA Petroleum Status Report (wk11/7 , 2008)
Treasury Budget (Oct , 2008)
Money Supply (wk11/3 , 2008)
Obama seeks $50 Billion to help U.S. Automakers
Crude Oil is $56 per barrel
Gold is $714 per ounce
Wednesday, November 12, 2008
7 Stocks you need to know for Thursday
American Express (AXP | Quote | Chart | News | PowerRating) has reportedly asked for $3.5 billion in assistance from the Treasury's TARP (troubled asset relief program).
Retailers are again front and center in the earnings picture on Thursday with both Kohls (KSS | Quote | Chart | News | PowerRating) and Nordstrom (JWN | Quote | Chart | News | PowerRating) reporting earnings. Kohls is expected to announce EPS of 0.51. Nordstrom is expected to report earnings per share of 0.31.
Microsoft (MSFT | Quote | Chart | News | PowerRating) moved closer to forging a deal with Verizon Communications (VZ | Quote | Chart | News | PowerRating) that would allow the software giant to be the default search engine provider for Verizon's mobile phones.
Caterpillar (CAT | Quote | Chart | News | PowerRating) is among the multinational companies widely believed to benefit from the implementation of China's economic stimulus package announced this week.
Suffering its biggest single-day loss in years on Wednesday, Best Buy (BBY | Quote | Chart | News | PowerRating) lowered its sales and earnings forecasts. The electronics retailer said it believed this year's holiday shopping season would be among the worst of the past 20 years.
Upgrades and Downgrades
LSTR, JBHT, HUBG, NILE, IPCC
ALV, CNQR, EQR, PCL, CRDN
ROK, PGR
Downgrades:
FMCN, GVP, BOBE, SLH, TRS
Morning News
In Japan the Nikkei 225 closed down 1.3%
In Hong Kong the Hang Seng closed down 0.75%
European markets are trading higher early on
MBA Purchase Applications (wk11/7 , 2008)
ICSC-Goldman Store Sales (wk11/8 , 2008)
Crude Oil is $58.50 per barrel
Gold is $732 per ounce
7 Stocks you need to know for Wednesday
Macy's (M | Quote | Chart | News | PowerRating) is expected to announce a quarterly EPS loss of 0.19 Wednesday morning before the markets open.
Citigroup (C | Quote | Chart | News | PowerRating) announced that it would suspend foreclosures and modify mortgages to make it easier for many homeowners to keep their homes.
Applied Materials (AMAT | Quote | Chart | News | PowerRating) will report quarterly earnings Wednesday after the market closes. Analysts are expecting EPS of 0.14.
Additional quarterly losses for American International Group (AIG | Quote | Chart | News | PowerRating) mean that insurance giant's taxpayer bailout will nearly double to $150 billion.
The cash crunch at General Motors (GM | Quote | Chart | News | PowerRating) has increasingly drawn the attention of lawmakers as the automaker slides closer to bankruptcy.
Fears of weaker PC demand led to selling in shares of Intel (INTC | Quote | Chart | News | PowerRating) on Tuesday. The lowered earnings and share price projections come at a time of traditionally strong seasonality for technology stocks.
Monday, November 10, 2008
7 Stocks you need to know for Tuesday
Revenues for Google (GOOG | Quote | Chart | News | PowerRating) were projected lower by a Barclays Capital analyst, who sees a slowdown in the search engine business.
Meet the new boss: the iPhone by Apple (AAPL | Quote | Chart | News | PowerRating) has surpassed Motorola's (MOT | Quote | Chart | News | PowerRating) Razr as the number one consumer phone in the United States.
Missing estimates by three cents in its earnings announcement after the market closed on Monday, Starbucks (SBUX | Quote | Chart | News | PowerRating) initially slid more than 5% in afterhours trading.
Retailers TJX Companies (TJX | Quote | Chart | News | PowerRating) and Liz Clairborne (LIZ | Quote | Chart | News | PowerRating) report quarterly earnings Tuesday. TJX Companies is expected to report EPS of 0.55. Liz Clairborne is expected to announce per share earnings of 0.37.
Barclays PLC suggested that Goldman Sachs (GS | Quote | Chart | News | PowerRating) may announce its first quarterly loss ever in the fourth quarter of this year.
Stocks Trading Up in Pre-Market
CPHL, ASML, FDRY, AMAT, FDRY
GERN, APWR, BIDU, GOOG, PBCT
Upgrades and Downgrades
CIM, WFC, MOH, ESS, LPNT, SWHC
Downgrades:
GPRO, DFT, STP, CS, MTH, AMAT
URBN, ENER, ANF, ARO, ANN, CNC
GM, SPWRA, FSLR, CSIQ,
Morning News
In Japan the Nikkei 225 closed up 5.8%
In Hong Kong the Hang Seng closed up 3.5%
European markets are trading higher by 3.5% early on
AIG has a new deal with the U.S. Government to ease liquidity pressure
U.S. Automakers gain bailout support
Crude Oil is $64 per barrel
Gold is $751 per ounce
Saturday, November 08, 2008
VIDEO - Rectangles (bullish)
Bullish Chart Patterns
Symmetrical Triangles
Ascending Triangles
Flags
Wedges
Pennants
Rectangles
Cup n Handle
Head n Shoulder
Trendlines
Neutral Chart Patterns
Symmetrical Triangles
Rectangles
Bearish Chart Patterns
Symmetrical Triangles
Descending Triangles
Flags
Wedges
Pennants
Rectangles
Head n Shoulder
Trendlines
http://www.leavittbrothers.com/