Sunday, July 27, 2008
Saturday, July 26, 2008
How Did We Get Into This Financial Mess?
How Did We Get Into This Financial Mess?
Leavitt Brothers' Chart Pattern tutorials...
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Wedges
VIDEO - Flags
Bearish Chart Patterns
VIDEO - Descending Triangles
VIDEO - Wedges
VIDEO - Flags
VIDEO - Pennants
VIDEO - Rectangles
http://www.leavittbrothers.com/
7 Stocks You Need to Know for Monday
Traders bid shares of Legg Mason (LM | Quote | Chart | News | PowerRating) higher on Friday despite the company's announcement of its second consecutive quarterly loss.
Concern that major American automakers like Ford (F | Quote | Chart | News | PowerRating) are running out of cash led to record short interest in the stock as of Friday.
Reporting earnings Monday before the bell, Sohu.com (SOHU | Quote | Chart | News | PowerRating) is expected to announced earnings per share of $0.67 for the quarter.
Shares of the trendy footwear company Crocs (CROX | Quote | Chart | News | PowerRating) fell sharply on Friday as the company lowered their earnings forecast for the second quarter as well as the year.
Fortune Brands (FO | Quote | Chart | News | PowerRating), makers of whiskey and golf accessories, beat lowered Wall Street estimates by five cents in its earnings report on Friday.
Verizon (VZ | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.65 when the company reports earnings Monday morning before the open.
Friday, July 25, 2008
JOYG
GOOG
Pre-Market Gappers
MSO +10.0%, FRE +7.8%, MSCC +7.3%, DAIO +7.3%, NUVA +7.2%, RS +7.1%, RVBD +5.9%, DVA +5.5%, BKHM +5.0%, MCHP +4.5%, PLXS +4.3%, VISN +4.1%, HUN +4.0%, FNM +4.0%, ANGO +3.6%, GOLD +3.6%, MTD +3.3%, IFX +3.2%, PCX +3.0%, PWER +2.9%, BP +2.9%, MT +2.8%, NOK +2.8%, AZN +2.2%, TOT +2.2%, SONO +2.1%, BNI +1.8%, LNCE +1.7%, ANSS +1.4%, WDC +1.1%...
Gapping down:
CROX -50.8%, CPHD -26.4%, SIRF -26.1%, AFFX -25.4%, IBKR -13.2%, SGLP -13.1%, COLM -12.1%, VSEA -11.1%, LSCC -10.4%, POWI -9.9%, EPIC -8.8%, CVCO -6.3%, VLCM -5.9%, ES -5.8%, ACTG -5.6%, AXA -4.4%, NETL -4.0%, BMC -3.9%, ING -3.5%, ESIO -3.3%, ANF -3.1%, CLS -2.8%, RMBS -2.7%, UBS -2.6%, CYMI -2.5%, WYNN -1.4%, CS -1.4%, DDUP -1.1%.
Upgrades and Downgrades
GOOG, BSMD, RTIX, SWN, JNPR, CCMP, NE
ESV, TER, RVBD, VDSI
Downgrades:
WB, AFFX, CAKE, DDR, WTSLA, ANF, TIF
ARO, CPHD, SBCF, UTEK, TASR, NLS, RF
CFNL, CROX, EPIC, DAI
Morning News
In Japan the Nikkei 225 closed down 2%
In Hong Kong the Hang Seng closed down 1.50%
European markets are trading lower by 1%
Durable Goods Orders (Jun , 2008)
Consumer Sentiment (Jul , 2008)
New Home Sales (Jun , 2008)
Yesterday the Dow lost 283 points
Crude Oil is $126 per barrel
Gold is $932 per ounce
Thursday, July 24, 2008
7 Stocks You Need to Know for Friday
Microsoft (MSFT | Quote | Chart | News | PowerRating) unveiled a $2.5 billion spending plan in an effort to compete with Google (GOOG | Quote | Chart | News | PowerRating) online
Analysts are expecting earnings per share of $0.55 when Coventry Health Care (CVH | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the bell.
Dow Chemical (DOW | Quote | Chart | News | PowerRating) and Eli Lilly (LLY | Quote | Chart | News | PowerRating) were notable among the minority of companies that missed earnings estimates on Thursday
Reporting earnings before the open tomorrow morning, Black & Decker (BDK | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $1.42
POT
BIDU
Pre-Market Gappers
BIDU +12.9%, NCC +10.4%, LSI +10.2%, SANM +9.5%, MLNX +9.1%, GSIC +8.0%, VAR +7.0%, AMZN +6.3%, ICO +6.2%, CRUS +5.6%, IRBT +5.4%, NTRI +4.3%, DOX +4.2%, POT +4.1%, NTGR +3.8%, TEX +3.8%, NWS +3.5%, AFOP +3.4%, DGII +3.2%, SY +2.9%, CTXS +2.7%, WB +2.5%, MCK +2.2%, NOK +1.1%...
Gapping down:
WFR -29.1%, CDNS -27.0%, CPTS -19.7%, SWIR -18.8%, NVEC -18.7%, WIRE -16.2%, CGX -15.7%, OMTR -14.2%, SKX -12.3%, DAI -10.8%, GDI -10.5%, CMG -8.7%, F -7.1%, LCC -7.1%, RYL -6.6%, FFIV -5.5%, AFL -3.7%, STLD -3.5%, VOD -3.3%, AEM -3.0%, NE -2.4%, LMC -2.3%, EQIX -1.3%.
Upgrades and Downgrades
TCB, SXL, WFR, PPDI, CIB, SANM, APD
Downgrades:
BA, CHIC, SWIR, CMG, MCD, AUXL, RJF
CTXS, GDI, PHLY, COST, TEF
Morning News
In Japan the Nikkei 225 closed up 2.18%
In Hong Kong the Hang Seng closed down 0.20%
European markets are trading down about 1%
Jobless Claims (wk7/19 , 2008)
Existing Home Sales (Jun , 2008)
EIA Natural Gas Report (wk7/18 , 2008)
Money Supply (wk7/14 , 2008)
Ford Posts 8.7 Billion Losss on Credit-Union Writedown
Dow Chemical Net Falls 27%
Daimler Cuts Full-Year Forcast
Credit Suisse Earnings Beat Analysts' Estimates
Crude Oil is $125 per barrel
Gold is $925 per ounce
Wednesday, July 23, 2008
7 Stocks You Need to Know for Thursday
Analysts are expecting earnings per share of $1.35 from 3M (MMM | Quote | Chart | News | PowerRating) when it reports earnings Thursday morning before the market opens.
Congress is set to vote on a "rescue package" for troubled mortgage lending giants Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating).
Reporting earnings tomorrow morning before the open, Dow Chemical (DOW | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.85.
Medco Health Solutions (MHS | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.54 when it reports tomorrow before the bell.
EMC Corporation (EMC | Quote | Chart | News | PowerRating) beat analyst's earnings estimates and raised its 2008 sales forecast due to gains in revenue from software and computer services.
Eli Lilly (LLY | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the bell. Analysts are expecting EPS of $1.00.
Pre-Market Gappers
INFN +16.8%, ISRG +11.7%, UAUA +7.0%, EMC +6.3%, RNT +5.1%, RBS +4.7%, VOCS +4.7%, BCS +4.3%, ILMN +4.2%, AXYS +4.1%, PFE +3.0%, YHOO +2.8%, NSC +2.6%, AXA +2.5%, PMTC +2.2%, HBC +2.1%, RJF +1.8%, MT +1.5%,...
Gapping down:
AEHR -31.6%, ANAD -17.7%, ETFC -15.6%, VMW -14.4%, ADCT -12.3%, COST -8.3%, ZMH -8.3%, CHRW -7.8%, PTV -6.5%, BRCM -5.1%, SEAB -4.2%, WM -4.1%, XTO -3.0%, RCL -2.6%, GSK -2.6%, LLTC -2.2%, NOK -2.1%, CPB -1.7%, WM -1.4%, SHPGY -1.3%.
Upgrades and Downgrades
BHI, SGLP, SYNA, EAS, SU, SNN,
AXA, STI, FRO, AKS, NAT
Downgrades:
ANAD, WM, CHRW, SEAB, FORM, ZMH,
AXL, ALV, CYN, AIRV, MIR, GMR,
SNIC, ADCT
Morning News
In Japan the Nikkei 225 closed up 1%
In Hong Kong the Hang Seng closed up 2.7%
European markets are trading higher
MBA Purchase Applications (wk7/18 , 2008)
EIA Petroleum Status Report (wk7/18 , 2008)
Beige Book (Jun , 2008)
Pfizer profit more then doubles on lower costs
Crude Oil is $126 per barrel
Gold is $933 per ounce
Tuesday, July 22, 2008
7 Stocks You Need to Know for Wednesday
PepsiAmericas beat earnings estimates and raised guidance for the year today. Pepsico (PEP | Quote | Chart | News | PowerRating) reports earnings tomorrow morning, with analysts expecting EPS of $1.02. The stock was up more than 2% in advance of Wednesday's announcement.
Promises to cut $2 billion by the end of 2009 and a major dividend cut sent shares of Wachovia (WB | Quote | Chart | News | PowerRating) soaring on Tuesday, despite the company's abysmal earnings report. Shares of Wachovia ended the day higher by more than 27%.
Tomorrow morning before the market opens, Boeing (BA | Quote | Chart | News | PowerRating) is expected to report earnings per share of $1.22 for the quarter. The stock was up a little more than 1% on the day.
JetBlue Airways Corporation (JBLU | Quote | Chart | News | PowerRating) and US Airways Group Inc. (LCC | Quote | Chart | News | PowerRating) both surprised analysts on Tuesday by beating estimates. JetBlue was up more than 15%. US Airways climbed by more than 58%.
Analyts are expecting McDonalds (MCD | Quote | Chart | News | PowerRating) to report earnings per share of $0.86 Wednesday morning before the bell. The stock was up slightly on Tuesday.
AT&T (T | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the open. Analysts are expecting EPS of $0.76. T was virtually unchanged when the markets closed on Tuesday.
Pre-Market Gappers
BXG +108.1%, FDRY +32.4%, STI +6.8%, WGOV +4.1%, PDE +3.9%, STLD +3.9%, VLTR +3.6%, BP +2.3%, TOT +1.9%, DD +1.9%, PNRA +1.3%, QLGC +1.2%, PKG +1.1%, WPI +1.0%, RDS.A +1.0%...
Gapping down:
BRCD -18.2%, VOD -13.7%, SNDK -13.0%, WB -12%, TXN -12.0%, AXP -12.0%, AAPL -10.5%, MRK -7.3%, DFS -6.2%, COF -6.1%, DT -6.1%, STM -5.4%, WB -4.5%, FRE -4.0%, PAAS -3.7%, ALV -3.7%, MHK -3.5%, MA -3.3%, SGP -3.2%, NOK -3.0%, V -3.0%, CSCO -2.3%, WCG -2.2%, BBY -1.6%, LNCR -1.5%, FNM -1.1%.
Upgrades and Downgrades
QLGC, PETS, MSPD
Downgrades:
SPSN, QI, MU, BMI, HOT, SFI
CRM, SNDK, ADSK, AGO, AUO, LFL
LEVP
Morning News
In Japan the Nikkei 225 closed up 3%
In Hong Kong the Hang Seng was flat
European markets are trading lower
ICSC-UBS Store Sales (wk7/19 , 2008)
Redbook (wk7/19 , 2008)
State Street Investor Confiden (Jul , 2008)
Apple, Inc. reports lower then expected earnings
American Express reports lower then expected earnings
Crude Oil is $131 per barrel
Gold is $973.50 per ounce
Monday, July 21, 2008
7 Stocks You Need to Know for Tuesday
Swiss pharmaceutical giant Roche announced a $43.7 billion bid for the 44% of Genentech (DNA | Quote | Chart | News | PowerRating) it does not already own. Shares of Genentech closed up more than 14%.
Wachovia (WB | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the opening bell. Analysts are expecting a loss of $0.78 per share. Wachovia ended the day up a little more than 1%.
Disappointing results over the drug, Vytorin, that it is co-marketing with Merck, led to losses for Schering-Plough (SGP | Quote | Chart | News | PowerRating) on Monday. The stock was down more than 11%.
Bank of America (BAC | Quote | Chart | News | PowerRating) reported earnings on Monday that were lower, but not as bad as feared by analysts. Bank of America shares ended the day up more than 3%.
In the latest move of the Great Yang/Icahn Showdown, the activist investor has agreed to accept three seats on the Yahoo! (YHOO | Quote | Chart | News | PowerRating) board of directors rather than follow-through on a proxy fight. The stock closed lower by more than 3%.
Reporting earnings before the market opens on Tuesday, Caterpillar (CAT | Quote | Chart | News | PowerRating) is expected to announce EPS of $1.54. Traders bid shares of CAT higher by more than 3%.
Analysts are expecting earnings per share of $3.86 when the CME Group Inc. (CME | Quote | Chart | News | PowerRating) reports earnings tomorrow before the bell. CME was off slightly at a little more than 2% on Monday.
POT
Pre-Market Gappers
DNA +10.0%, WM +8.6%, BAC +8.4%, WB +7.2%, YHOO +4.9%, BHP +4.8%, UBS +4.7%, ING +4.6%, BTU +4.5%, MT +4.4%, RTP +4.4%, BCS +4.3%, AAUK +4.2%, C +3.4%, STO +2.8%, ASML +2.8%, CS +2.4%, XMSR +2.3%, AXA +1.9%, TOT +1.3%...
Gapping down:
SHPGY -3.0%, GFI -2.2%, CCL -1.7%,AZN -1.2%.
Upgrades and Downgrades
TEVA, ROCK, AMR, NTES, AIG, KEY
Downgrades:
MSW, CEG, SWK, BRL, TXT, WERN, WIT
SAY, NKE, KBW
Morning News
In Japan the Nikkei 225 closed down 0.65%
In Hong Kong the Hang Seng closed up 3.01%
European markets are trading higher by 1%
Leading Indicators (Jun , 2008)
Bank of America Earnings Drop less then expected
Crude Oil is $131 per barrel
Gold is $968 per ounce
Sunday, July 20, 2008
7 Stocks you need to know for Monday
Republic Services (RSG | Quote | Chart | News | PowerRating) announced that it was not interested in the unsolicited bid from Waste Management Inc. (WMI | Quote | Chart | News | PowerRating) and would instead to continue to pursue Allied Waste Industries (AW | Quote | Chart | News | PowerRating).
Reporting earnings before the bell on Monday, Merck (MRK | Quote | Chart | News | PowerRating) is expected to announced per share earnings of $0.83.
A smaller than expected loss in its earnings report on Friday helped boost shares of Citigroup (C | Quote | Chart | News | PowerRating) by more than 9% late in trading on Friday.
Teva Pharmaceutical Industries (TEVA | Quote | Chart | News | PowerRating) announced that it was buying Barr Pharmaceuticals for $7.46 billion.
Saturday, July 19, 2008
VIDEO - Flags (bearish)
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Wedges
VIDEO - Flags
Bearish Chart Patterns
VIDEO - Descending Triangles
VIDEO - Wedges
VIDEO - Flags
VIDEO - Pennants
VIDEO - Rectangles
http://www.leavittbrothers.com/
Friday, July 18, 2008
Pre-Market Gappers
PNCL +17.1%, BRL +10.2%, WTS +8.8%, UAUA +8.5%, CBST +8.5%, SMA +4.4%, SWKS +4.1%, WERN +4.0%, MAT +3.9%, TPX +3.8%, BCS +3.6%, C +3.1%, SPWR +3.0%, GSK +2.6%, PCX +2.2%, CS +2.0%, SNY +2.0%, CLF +1.8%, UBS +1.8%, VMI +1.5%, ICUI +1.2%...
Gapping down:
ESLR -12.3%, GOOG -8.0%, AMD -7.4%, MER -5.6%, MSFT -5.5%, INDB -4.4%, FRE -4.0%, GILD -3.9%, TEVA -3.8%, BXS -3.2%, GOLD -2.6%, SYK -2.1%, PMCS -1.9%, SHPGY -1.8%.
Upgrades and Downgrades
ETR, YUM, NGG, WERN, AVR, VSE
WPPGY, UAUA
Downgrades:
GILD, AMTD, BBY, IGT, SGLP, SUN
TSO, VCLK, AGN, SMTS, VRTU
Morning News
In Japan the Nikkei 225 closed down 0.65%
In Hong Kong the Hang Seng closed up 0.65%
European markets are trading higher
Citigroup reports smaller then estimated loss of $2.5 billion
Google, Microsoft drop as earnings are below estimates
Schlumberger second quarter profit rises 13%
Crude Oil is $131.30 per barrel
Gold is down $10.50 per ounce and is $960 per ounce
Thursday, July 17, 2008
7 Stocks you need to know for Friday
Microsoft (MSFT | Quote | Chart | News | PowerRating) reported earnings Thursday after the closing bell, announcing EPS of $0.46 and missing estimates by a penny. The stock had closed up by just under 1% that day.
Also reporting earnings after the market closed on Thursday, Google (GOOG | Quote | Chart | News | PowerRating) missed earnings estimates by 11 cents. Google had ended the day slightly lower.
Reporting earnings before the bell on Friday, Citigroup (C | Quote | Chart | News | PowerRating) is expected to announce a loss of $0.61 per share. Citigroup closed up by more than 9% on Thursday.
IBM (IBM | Quote | Chart | News | PowerRating) blew away earnings estimates this evening after the bell, beating the number by 16 cents. Shares of IBM had edged higher by the close of trading on Thursday.
Merrill Lynch (MER | Quote | Chart | News | PowerRating) missed analyst earnings estimates by a wide margin on Thursday, reporting a loss of $4.97 when a loss of $1.91 was expected. Traders had bid MER higher by more than 9% in advance of the earnings announcement.
Schlumberger (SLB | Quote | Chart | News | PowerRating) reports earnings Friday morning before the bell. Analysts are expecting EPS of $1.12.
SPWR
DNA
Pre-Market Gappers
BRL +11.3%, ABK +10.0%, FNM +9.7%, RECN +8.8%, NOK +7.4%, FRE +7.3%, WM +6.4%, LEH +6.3%, CCK +6.2%, KMP +5.3%, JPM +4.2%, ADS +2.6%, BLK +2.6%, KO +2.2%, TBI +2.1%, HUN +2.0%, HOKU +1.7%, BMRN +1.1%...
Gapping down:
EBAY -9.3%, TCBI -5.7%, YUM -4.7%, MT -3.3%, PLCM -3.2%, XLNX -2.8%, UFPI -2.3%, CSIQ -1.8%, DHR -1.4%.
Upgrades and Downgrades
EOG, HOT, PFCB, ACE, MI, MCHP
CNB, LLTC, BBBB
Downgrades:
AMRI, INTV, HST, DRH, FCH, AHT
BEE, SBUX, WFC, AMB, GGC
Morning News
Asian markets are trading higher
European markets are trading higher
Housing Starts (Jun , 2008)
Jobless Claims (wk7/12 , 2008)
Philadelphia Fed Survey (Jul , 2008)
EIA Natural Gas Report (wk7/11 , 2008)
Money Supply (wk7/7 , 2008)
Crude Oil is $133.50 per barrel
Gold is $957 per ounce
Wednesday, July 16, 2008
7 Stocks you need to know for Thursday
Soaring higher by more than 12% on Wednesday, shares of Altera Corporation (ALTR | Quote | Chart | News | PowerRating) responded positively to the company's second quarter earnings, which beat analyst estimates by $0.05.
Announcing earnings Thursday before the market opens, Coca Cola (KO | Quote | Chart | News | PowerRating) is expected to report EPS of $0.96. The stock was up 1% on the day.
Declining advertising sales were among the factors cited by Gannett Company (GCI | Quote | Chart | News | PowerRating) for its fall-off in quarterly profits. The stock was lower by 4% on Wednesday.
Nucor (NUE | Quote | Chart | News | PowerRating) reports earnings Thursday before the bell, with analysts expecting earnings per share of $1.80. Shares were higher by 5% in advance of the earnings report.
St. Jude Medical Corporation (STJ | Quote | Chart | News | PowerRating) closed up by more than 7% on Wednesday, beating earnings estimates as it reported a near 50% increase in profits.
Analysts are expecting earnings per share of $0.32 when TD Ameritrade (AMTD | Quote | Chart | News | PowerRating) reports Thursday morning before the market opens. AMTD closed higher by more than 11% on Wednesday.
Wells Fargo (WFC | Quote | Chart | News | PowerRating) surprised analysts Wednesday by beating earnings estimates by $0.03 and announcing a dividend increase. The stock ended the day higher by more than 32%.
What if your bank fails? Is your money safe?
While it is unlikely the nation will see thousands of banks fail as they did during the savings and loan industry collapse in the late 1980s and early '90s, analysts predict there will be more battered financial institutions that are unable to survive in today's marketplace.
"IndyMac's failure is certainly a broader issue," said Eva Weber, an analyst at Aite Group, a financial services research firm. "Those who are trenched in more risky business, who are feeling more heavy losses, may be at more risk."
Full ArticlePre-Market Gappers
ANR +27.5%, JAVA +11.4%, CSGP +7.9%, ALTR +7.5%, FNM +7.5%, FRE +6.5%, MEE +5.5%, LEH +5.1%, PWR +5.1%, CSE +4.1%, CHNR +3.6%, GFI +2.7%, TRN +1.9%, RMBS +1.6%...
Gapping down:
OESX -35.5%, ASML -13.7%, CBI -12.6%, RBS -11.6%, STX -10.1%, NITE -8.8%, PAC -6.3%, BCS -5.5%, LYG -5.4%, CLF -4.9%, AXA -4.4%, DB -4.3%, ING -3.7%, DLR -3.4%, CS -2.9%, HBC -2.4%, CSCO -2.1%, UBS -2.0%, RDS.A -1.3%.
Upgrades and Downgrades
CXO, ARD, BBG, PFCB, NLC, BWA
Downgrades:
ERES, CBI, PVA, OIIM, BEXP, SAI
INFA, LEVP, VRAZ, CSCO, ADCT, OPTM
ADTN, CIEN, SSP, ESE, TWTC, WM
Morning News
In Japan the Nikkei 225 closed up 0.05%
In Hong Kong the Hang Seng closed up 0.23%
European markets are trading lower
MBA Purchase Applications (wk7/11 , 2008)
Consumer Price Index (Jun , 2008)
Treasury International Capital (May , 2008)
Industrial Production (Jun , 2008)
EIA Petroleum Status Report (wk7/11 , 2008)
Housing Market Index (Jul , 2008)
FOMC Minutes (Jun , 2008)
Crude Oil is 137 per barrel
Gold is $976 per ounce
Tuesday, July 15, 2008
7 Stocks you need to know for Wednesday
The SEC announced that it will place restrictions on short selling in both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) as hedge fund manager William Ackman placed his bets against the struggling mortgage lenders. Fannie Mae was lower by more than 27% on the day. Freddie Mac finished down 26%.
Analysts are expecting EPS of $0.79 when Abbott Labs (ABT | Quote | Chart | News | PowerRating) reports earnings Wednesday before the market opens. Abbott Labs closed Tuesday up nearly 3%.
Intel (INTC | Quote | Chart | News | PowerRating) beat analyst estimates by $0.03 in its earnings report Tuesday after the close. The stock was higher by 3% minutes after the announcement.
General Motors (GM | Quote | Chart | News | PowerRating) will suspend its dividend as part of an effort to raise $15 billion by the end of 2009. General Motors finished Tuesday up nearly 5%.
A Wachovia downgrade to "market perform" helped drive shares of American International Group (AIG | Quote | Chart | News | PowerRating) to their lowest levels in more than a decade. Shares of AIG were lower by more than 8%.
eBay (EBAY | Quote | Chart | News | PowerRating) reports earnings Wednesday after the close. Analysts are expecting earnings per share of 0.41. The stock was down 2% on Tuesday.
CWTR
Pre-Market Gappers
CWTR +12.3%, FHN +5.4%, ETFC +5.3%, BBX +4.4%, SAF +4.3%, THRX +1.9%, SD +1.6%, WMB +1.5%, DNA +1.4%, WM +1.2%...
Gapping down:
SAH -12.1%, WB -10.1%, KMB -6.9%, AIG -6.9%, CSIQ -6.0%, FNM -5.1%, AXA -4.2%, ING -3.8%, LMC -3.4%, C -2.7%, GMXR -2.4%, ETP -2.2%, BAC -2.2%, NVLS -2.0%, COF -2.0%, MER -1.9%, JPM -1.9%, LEH -1.6%, AAPL -1.5%, UBS -1.4%, CEF -1.4%.
OXPS
Upgrades and Downgrades
ACGY, SGP, RATE, NKE, CSGS,
LEN, EHTH
Downgrades:
SHO, GDNNY, MTN, AIG, TWTI,
KMB, WB
Morning News
In Japan the Nikkei 225 closed down 1.96%
In Hong Kong the Hang Seng closed down 3.81%
European markets are trading lower by 2.5%
ICSC-UBS Store Sales (wk7/12 , 2008)
Empire State Mfg Survey (Jul , 2008)
Retail Sales (Jun , 2008)
Producer Price Index (Jun , 2008)
Redbook (wk7/12 , 2008)
Business Inventories (May , 2008)
Crude Oil is $146.60 per barrel
Gold is $986 per ounce
Monday, July 14, 2008
7 Stocks you need to know for Tuesday
Washington Mutual (WM | Quote | Chart | News | PowerRating) suffered its steepest decline since going public on a report from Lehman Brothers that the bank could report losses of $26 billion in 2008. The stock plunged more than 34% on Monday.
In other merger - or would-be merger - news, Yahoo! (YHOO | Quote | Chart | News | PowerRating) today announced that it had rejected another offer from Microsoft (MSFT | Quote | Chart | News | PowerRating) that would have involved breaking up the company. Shares of Yahoo! were lower by more than 4%.
Waste Management (WMI | Quote | Chart | News | PowerRating) launched an unsolicited $6.2 billion bid for Republic Services (RSG | Quote | Chart | News | PowerRating), which is currently being pursued by Allied Waste Industries (AW | Quote | Chart | News | PowerRating). Waste Management was down more than 5% on the news.
Netflix (NFLX | Quote | Chart | News | PowerRating) is poised to announce plans to distribute films and movies over the Internet for subscribers who use Microsoft's XBox video console system. Netflix was higher by more than 2% on the day.
CSIQ
ATI
ATI CHART
Pre-Market Gappers
FNM +29.1%, FRE +28.0%, LEH +10.9%, ATI +8.3%, MFA +7.2%, MBI +6.7%, PHG +5.8%, WB +4.9%, C +3.7%, MER +3.7%, GS +2.5%, BHP +2.5%, PPG +1.8%, BUD +1.7%, RTP +1.6%...
Gapping down:
IMB -10.7%.
Upgrades and Downgrades
DA, SNDA, CIEN, ISIL, OC, NOV, KCI
GOOD, FAST, GENZ, M, DF, UFS, LPX
Downgrades:
TRIN, PSO, WB
Morning News
In Japan the Nikkei 225 closed down 0.23%
In Hong Kong the Hang Seng closed down 0.77%
European markets are trading higher up 1.5%
Paulson puts Treasury behind Fannie Mae, Freddie Mac to calm market
InBev agrees to Buy Anheuser-Busch for $52 Billion
TNT shares jump on report FedEx May Make an Offer
Crude Oil is $144 per barrel
Gold is $961 per ounce
VIDEO - Wedges (bullish)
Bullish Chart Patterns
VIDEO - Symmetrical Triangles (bullish)
VIDEO - Ascending Triangles
VIDEO - Wedges (bullish)
VIDEO - Flags (bullish)
Bearish Chart Patterns
VIDEO - Descending Triangles
VIDEO - Wedges (bearish)
VIDEO - Pennants (bearish)
VIDEO - Rectangles (bearish)
http://www.leavittbrothers.com/
Sunday, July 13, 2008
7 Stocks you need to know for Monday
Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) rejoined talks with would-be acquirer InBev after the Belgian brewer raised its bid to $70 per share.
Shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) were lower by more than 16% as traders bet that the company was headed for a Bear Stearns-like meltdown.
Long lines, excited shoppers and a few technical glitches at activation time characterized the launch of the new G3 iPhone from Apple (AAPL | Quote | Chart | News | PowerRating) today. Shares of the company's stock were down just over 2%.
Although in-line with analyst estimates, General Electric (GE | Quote | Chart | News | PowerRating) reported a profit shortfall of 6% for the second quarter this morning before the bell. General Electric finished the day largely unchanged.
Yamana Gold (AUY | Quote | Chart | News | PowerRating) was among the many gold stocks that rallied during Friday's largely bearish trading. The stock was up more than 6%.
Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) rallied strongly from major intraday lows on Friday on news that Fed chairman Bernanke would permit the two companies to borrow from the discount window. Fannie Mae closed down more than 20%. Freddie Mac finished the day down a little more than 3%.
Do you think Freddie Mac will be Up or Down on Tuesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 by correctly guessing the direction of a stock!
Friday, July 11, 2008
SPWR
FSLR
GOOG
Pre-Market Gappers
TMA +21.1%, WYNN +13.0%, LVS +8.8%, CRBC +8.1%, MGM +5.2%, MA +4.7%, BABY +4.3%, DRI +4.0%, BUD +2.9%, RMBS +2.7%, DECK +2.2%, ASYT +1.8%, GE +1.7%, RRGB +1.6%, HSP +1.5%, BYD +1.4%, CHK +1.4%...
Gapping down:
FRE -25.0%, FNM -24.2%, WCG -11.1%, LWSN -5.9%, VE -5.8%, INFY -4.5%, LEH -4.2%, ELX -3.8%, ALU -3.6%, ING -2.6%, DB -2.3%, MT -2.3%, AXA -2.2%, FMS -2.1%, AMAT -1.3%.
WFR
Upgrades and Downgrades
APSG, CHU, CN, CRDN, CENX, JEC, APC
CRZO, MS, CMC, STLD, SVR, ACGY
Downgrades:
AMAT, MAR, DVA, ELN, ELX, ROH, TUES
BGFV, FMS, PHG, MBRK
Morning News
In Japan the Nikkei 225 closed down 0.21%
In Hong Kong the Hang Seng closed up 1.66%
European markets are trading lower
Import and Export Prices (Jun , 2008)
International Trade (May , 2008)
Consumer Sentiment (Jul , 2008)
Treasury Budget (Jun , 2008)
Crude Oil is $145 per barrel
Gold is $952 per ounce
Thursday, July 10, 2008
7 Stocks you need to know for Friday
Toyota Motor Corporation (TM | Quote | Chart | News | PowerRating) announced plans to make its popular hybrid car, the Prius, in the United States. Toyota closed marginally higher by a little over 1%.
Shares of Alcoa (AA | Quote | Chart | News | PowerRating) soared on record prices for aluminum brought about by a decision by smelters in China to reduce output. The stock was higher by more than 9% on the day.
Federal income tax rebates were credited for boosting June sales for retailers such as Wal-Mart (WMT | Quote | Chart | News | PowerRating) and Costco (COST | Quote | Chart | News | PowerRating). Both stocks ended Thursday lower by less than 2%.
Speculation that Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) may ultimately need to be bailed out by the Federal government encouraged further selling by investors and traders on Thursday. Fannie Mae was down by more than 13%. Freddie Mac plunged more than 22%.
Dow Chemical (DOW | Quote | Chart | News | PowerRating) made its largest acquisition ever in buying chemical company Rohm & Haas for $18.8 billion - including financing from Berkshire Hathaway and the Kuwait Investment Authority. Dow Chemical ended Thursday lower by more than 4%.
Pre-Market Gappers
ROH +69.3%, CTLM +52.5%, RT +20.0%, HUN +16.7%, CPKI +8.7%, SGR +4.9%, INTV +3.9%, BAC +3.3%, CLR +3.0%, MT +3.0%, WB +2.9%, CS +2.6%, RTP +2.5%, UBS +2.5%, WMT +2.3%, CBE +2.2%, DB +2.2%, HLYS +2.1%, BEBE +2.0%, BHP +1.7%, BIIB +1.6%, AIR +1.5%, CHTT +1.5%, GHL +1.4%, T +1.2%, BDX +1.0%...
Gapping down:
TQNT -9.0%, DOW -8.0%, ZUMZ -7.9%, MW -5.2%, HGIC -2.4%, GOLD -1.6%.
Morning News
In Japan the Nikkei 225 closed up 0.12%
In Hong Kong the Hang Seng closed up 0.07%
European markets are trading lower
Chain Store Sales (Jun , 2008)
Jobless Claims (wk7/5 , 2008)
EIA Natural Gas Report (wk7/4 , 2008)
Money Supply (wk6/30 , 2008)
Crude Oil is $136.25 per barrel
Gold is $932 per ounce
Wednesday, July 09, 2008
7 Stocks you need to know for Thursday
Northwest Airlines (NWA | Quote | Chart | News | PowerRating) announced on Wednesday that they would eliminate up to 2,500 jobs and begin charging passengers for all checked luggage. The stock was down by more than 15%.
Analysts at UBS and Merrill Lynch suspect that the slowing economy is likely to impact the earnings of technology companies such as Cisco (CSCO | Quote | Chart | News | PowerRating) and Intel (INTC | Quote | Chart | News | PowerRating) respectively. Both stocks closed lower by more than 5% on Wednesday.
Boeing (BA | Quote | Chart | News | PowerRating) will get another shot at the $35 billion tanker deal with the Air Force, according to the Department of Defense. Boeing closed down slightly, but off its intraday highs.
Texas Industries (TXI | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the bell, with analysts expecting EPS of $0.82. The stock was down more than 4% on
Wednesday.
Fannie Mae (FNM | Quote | Chart | News | PowerRating) was forced by to pay record yield spreads by buyers of its 2-year notes who were concerned about the mortgage giant's capacity to
survive the crisis in housing market. Fannie Mae closed lower by more than 13%.
U.S. Steel (X | Quote | Chart | News | PowerRating) led steel stocks higher on Wednesday. Steel stocks as a group moved higher after a UBS analyst said the sector was "undervalued." U.S. Steel closed up by more than 5%, but significantly off its intraday highs.
NUE and STLD
Pre-Market Gappers
SGXP +119.0%, CIR +12.1%, EEEI +11.5%, GIII +11.5%, CACH +9.3%, CLF +6.3%, FRPT +4.4%, WB +3.5%, AA +3.5%, BCS +3.3%, FNM +2.8%, EZPW +2.3%, SLB +1.9%, GFI +1.9%, FRE +1.8%, ACGY +1.6%, SNN +1.6%, CS +1.4%, ING +1.2%...
Gapping down:
ARRS -16.9%, PRXI -11.8%, MTSN -9.6%, VVC -5.1%, CHK -4.7%, YRCW -3.7%, DRIV -3.6%, MHK -3.3%, HURN -2.9%, TOMO -2.3%, GLT -2.3%, UNCA -2.3%, BP -1.5%, TOT -1.2%.
Upgrades and Downgrades
FSYS, GU, RIG, CCJ, AA, STLD, NUE
XNPT, CTX, PVG, HDB, SXT
Downgrades:
OMX, EIG, ACE, PAC, NCX, MC, FUL
Morning News
In Japan the Nikkei 225 closed up 0.15%
In Hong Kong the Hang Seng closed up 2.76%
European markets are currently higher by 1%
MBA Purchase Applications (wk7/4 , 2008)
EIA Petroleum Status Report (wk7/4 , 2008)
Crude Oil is $137.70 per barrel
Gold is $920 per ounce
Tuesday, July 08, 2008
7 Stocks you need to know for Wednesday
Apple Inc. (AAPL | Quote | Chart | News | PowerRating) announced plans to sell its iPhone 3G on Friday July 11th at 8 am across time zones. Apple, up more than 2% on Tuesday, gained for the third day in a row.
Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) asked a federal judge to block the planned, $43.6 billion takeover by Belgian beermarker, InBev. The stock was virtually unchanged on Tuesday.
Shaw Group (SGP | Quote | Chart | News | PowerRating) reports earnings Wednesday after the close. Analysts are expecting EPS of $0.63. The stock was up more than 4% on Tuesday, marking its fourth consecutive higher high.
Reporting earnings on Tuesday after the closing bell, Alcoa (AA | Quote | Chart | News | PowerRating) announced EPS of $0.66, in line with analyst estimates. The stock had closed lower by more than 3% in advance of the earnings report.
Shares of VMWare (VMW | Quote | Chart | News | PowerRating) were down more than 24% on Tuesday on news that the company had ousted its CEO and co-founder Diane Greene and was lowering its revenue forecast for the second quarter.
Biogen Idec (BIIB | Quote | Chart | News | PowerRating) was among the big gainers among health care stocks today as the company electecd to raise the price on its multiple sclerosis drugs. The stock closed higher by nearly 7%.
MA
MasterCard upgraded to Outperform from Market Perform at Raymond James
Pre-Market Gappers
OPWV +11.5%, UXG +8.3%, BPHX +7.5%, BEXP +5.9%, YGE +4.8%, GSK +4.3%, TRLG +3.9%, MDVN +3.7%, GMXR +2.2%, UBS +1.6%, TEVA +1.1%...
Gapping down:
RLC -67.4%, IMB -32.4%, ODP -11.1%, GOLD -4.3%, LMC -3.6%, TS -3.4%, SNV -3.0%, AOB -3.0%, LYG -2.6%, BCS -2.5%, MT -2.3%, BCS -1.7%, HOGS -1.6%.
Upgrades and Downgrades
MDVN, ACE, NCR, FULT, VLY, WDFC
CT, MMC, ACAD
Downgrades:
TWB, GYMB, AACC, SKYE, SNV, TRX
TEVA, DSL, OMC, WSH
Morning News
In Japan the Nikkei 225 closed down 2.45%
In Hong Kong the Hang Seng closed down 3.16%
European markets are trading lower
ICSC-UBS Store Sales (wk7/5 , 2008)
Crude Oil is trading lower and is $139.50 per barrel
Gold is trading lower and is $922 per ounce
Monday, July 07, 2008
7 Stocks you need to know for Tuesday
Shares of General Motors (GM | Quote | Chart | News | PowerRating) were higher early on Monday on the company's insistence that the only line under consideration for possible cancellation is their Hummer brand of SUVs.
Both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) were sold aggressively on Tuesday, with Freddie Mac down more than 25% by mid-day.
A Barron's article this weekend suggested that earnings per share for egg producer Cal-Maine (CALM | Quote | Chart | News | PowerRating) may climb by 290%.
Pepsi Bottling Group (PBG | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the bell. Analysts are expecting earnings per share of $0.75.
Microsoft (MSFT | Quote | Chart | News | PowerRating) announced that it would consider reopening its bid for Yahoo! (YHOO | Quote | Chart | News | PowerRating) if the company's board were to be replaced.
EDU
Pre-Market Gappers
APPX +31.9%, NCOC +17.4%, CALM +8.2%, RCL +2.0%, TWX +1.3%, AMD +1.0%...
Gapping down:
RBS -7.8%, TEVA -60%, UBS -5.7%, AAUK -4.4%, DROOY -4.0%, BCS -3.9%, ING -2.8%, F -2.3%, GSK -2.1%, SHPGY -2.0%, GLD -1.5%, CCL -1.2%, BHP -1.0%, DHI -1.0%.
Upgrades and Downgrades
ASCA, KND, BRCM, SU, JCG, ARMH
BT, NTAP, CVG, BPOP, FBP
Downgrades:
CPN, APKT, AEM, QI, MRK, MI
AZN, ZION, PMU, ONT
Morning News
In Japan the Nikkei 225 closed up .92%
In Hong Kong the Hang Seng closed up 2.28%
European markets are trading higher
Treasury STRIPS (Jun , 2008)
Deutsche, UBS Fight History Forecasting Best S&P 500 Since 1982
Crude Oil is trading down and is $142.85 per barrel
Gold is trading down and is $922.70 per ounce
Saturday, July 05, 2008
VIDEO - Rectangles (bearish)
VIDEO - Symmetrical Triangles (bullish)
VIDEO - Ascending Triangles
VIDEO - Flags (bullish)
VIDEO - Wedges (bearish)
VIDEO - Descending Triangles
VIDEO - Pennants (bearish)
VIDEO - Rectangles (bearish)
http://www.leavittbrothers.com/