Sunday, November 30, 2008

Stock Market Review

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

Here are next week's economic releases and earnings reports...

Economic Releases & Earnings Reports for Dec 1 -5

Summary of ETFs

Here's an updated copy of tradeable ETFs...

Summary of ETFs

Update of Free Stock Picks

Last weekend we posted many new set-ups on our list of stocks to be bought. Most of the stocks have done great. Here's the list along with an updated version...

Nov 23 - Next Week's Set-Ups
Nov 30 - Next Week's Set-Ups updated

Friday, November 28, 2008

Stocks Trading Up in Pre-Market

GOLD, JASO, YHOO, ERIC, CSUN

SHPGY, SNDK

Upgrades and Downgrades

Upgrades:

FRO, STD, THC

Downgrades:

EBAY, CHU, BCE

Stock Tiger Video

Morning News

Futures are currently flat

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

Stock Market Review

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

Stocks Trading Up in Pre-Market

RMBS, TIVO

Upgrades and Downgrades

Upgrades:

ITRI, RTP, ARII, HLS

Downgrades:

EXM, DT, MPW, BHP, OMRI,

CBE, CPRT

Stock Tiger Video

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 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

Stock Market Review

7 Stocks you need to know for Wednesday

Warning that the selling in shares of Google (GOOG | Quote | Chart | News | PowerRating) was excessive, Barclays analysts pointed to a rebound in search advertising as a positive catalyst going forward.

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.

Nov 25 - Before the Open

Here are the notable stories before the open...

Nov 25 - Before the Open

Monday, November 24, 2008

I will return on Wednesday

Be Back on Wednesday

Stock Market Review

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.

Nov 24 - Before the Open

Here are the notable stories before the open...

Nov 24 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, C, OCNF, JASO, ERIC,

QCOM, ORCL, DRYS, BIDU

GS, GOOG

Upgrades and Downgrades

Upgrades:

JCG, GIS, FTO, TRI, XPRT

PTRY, NYT, CI, DDE, BWLD

Downgrades:

SAI, CBIE, ERIC, PALM, NFS, STP

Stock Tiger Video

Morning News

Futures are pointing to a higher open

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 weekend we posted about 30 new set-ups on our list of stocks to be shorted. Here's the list...

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

Stock Market Review

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

Nov 21 - Before the Open

Here are the notable stories before the open...

Nov 21 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, DRYS, GOLD, LOGI, UAUA

DELL, QGEN, INTC, CSCO, MSFT

JAVA, BIDU, GOOG

Upgrades and Downgrades

Upgrades:

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

Earnings

ANN, BAMM, TRMD, CSIQ

SJM, KIRK and HNZ

Stock Tiger Video

Morning News

Futures are pointing to a higher open

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

Stock Market Review

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.

Nov 20 - Before the Open

Here are the notable stories before the open...

Nov 20 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, GOLD, ESLR, NICE

ERIC, TRIN, INTC, YHOO

Upgrades and Downgrades

Upgrades:

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

The Iceman Commentary

Stock Tiger Video

Morning News

Futures are pointing to a lower open

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)

Leading Indicators (Oct , 2008)
Philadelphia Fed Survey (Nov , 2008)
EIA Natural Gas Report (wk11/14 , 2008)
Money Supply (wk11/10 , 2008)

Crude Oil is $52 per barrel

Gold is $743 per ounce




Wednesday, November 19, 2008

Stock Market Review

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

Cliffs Natural Resources was given an overweight rating this morning by JP Morgan so keep it on the radar.

Stocks Trading Up in Pre-Market

OSIP, TEVA, RIMM, YHOO, FSLR

Upgrades and Downgrades

Upgrades:

VECO, UTHR, SAFM, COGT, PSUN

Downgrades:

CENX, ARB, SUN

Stock Tiger Video

Morning News

Futures are pointing to a lower open

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)

Consumer Price Index (Oct , 2008)
Housing Starts (Oct , 2008)
EIA Petroleum Status Report (wk11/14 , 2008)
FOMC Minutes (Oct , 2008)

Consumers will suffer if GM goes under


Crude Oil is $54 per barrel

Gold is $736 per ounce

Tuesday, November 18, 2008

Stock Market Review

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.

Nov 18 - Before the Open

Here are the notable stories before the open...

Nov 18 - Before the Open

Monday, November 17, 2008

I will return on Wednesday

Be back on Wednesday

Stock Market Review

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%.

Stocks to Watch this afternoon

GENZ, RIMM, BP, and MCD

Before the Open

Here are the notable stories before the open...

Nov 17 - Before the Open

Stocks Trading Up in Pre-Market

INTC, SCUR, SCHW,

ERIC, OSTE

Upgrades and Downgrades

Upgrades:

MCD, PRXL, YUM, COGT

Downgrades:

AA, CB, MTL, FMS, MDZ, DIS

Stock Tiger

Morning News

Futures are pointing to a lower open

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)

Industrial Production (Oct , 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)

A new chart pattern video - Rectangles (neutral) - has been added to the Leavitt Brothers video library.

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

Stock Market Review

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.

Stocks Trading Up in Pre-Market

CLNE, PODD, HGSI, FUQI

PAAS, AMAG, SSRI, RICK

Upgrades and Downgrades

Upgrades:

URBN, WBC, CNB, VTR,

PSO, SNV

Downgrades:

TEG, HRP, LHO, NDSN, DCI,

DSGX, WLT, GSK, GA

Stock Tiger Video

Morning News

Futures are pointing to a lower open

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)

Import and Export Prices (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

Stock Market Review

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%.

Stocks Trading Up in Pre-Market

AMAG, NTAP, URBN, TRIN, JASO

OPTR, DRYS, TBSI

Upgrades and Downgrades

Upgrades:

BOBE, CTB, AMP, LVS, STZ

CHIC

Downgrades:

SOLR, DRI, TOT, TIBX

Stock Tiger Video

Morning News

Futures are pointing to a slightly lower open

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

Stock Market Review

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.

Stocks Trading Up in Pre-Market

CNQR, BBBY, FMCN, SCHW, SOLR

ATML, CEPH, NICE, BBBY, MLNX

Upgrades and Downgrades

Upgrades:

LSTR, JBHT, HUBG, NILE, IPCC

ALV, CNQR, EQR, PCL, CRDN

ROK, PGR

Downgrades:

FMCN, GVP, BOBE, SLH, TRS

Stock Tiger Video

Morning News

Futures are currently flat to slightly higher

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

Stock Market Review

7 Stocks you need to know for Wednesday

American Express (AXP | Quote | Chart | News | PowerRating) successfully petitioned the Federal Reserve to become a bank, following the lead of investment banks Goldman Sachs and Morgan Stanley.

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

I will return on Wednesday

I will return on Wednesday

Stock Market Review

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

AAPL, CYCL, MSFT, STEM, DRYS

CPHL, ASML, FDRY, AMAT, FDRY

GERN, APWR, BIDU, GOOG, PBCT

Upgrades and Downgrades

Upgrades:

CIM, WFC, MOH, ESS, LPNT, SWHC

Downgrades:

GPRO, DFT, STP, CS, MTH, AMAT

URBN, ENER, ANF, ARO, ANN, CNC

GM, SPWRA, FSLR, CSIQ,

Stock Tiger Video

Morning News

Futures are pointing to a higher open

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)

A new chart pattern video - Rectangles (bullish) - has been added to the Leavitt Brothers video library.

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

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