Sunday, August 31, 2008
7 Stocks you need to know for Tuesday
PetSmart (PETM | Quote | Chart | News | PowerRating) gained more than 10% on Friday after reporting better than expected quarterly earnings.
Lower than expected sales projections at Marvell Technology Group Ltd. (MRVL | Quote | Chart | News | PowerRating) encouraged traders to sell the stock at week's end. MRVL was down more than 4% on Friday.
Machinists rejected a "best and final" offer by Boeing (BA | Quote | Chart | News | PowerRating), calling the company's proposal "very inadequate in all areas."
Losing 4% on Friday, shares of International Paper (IP | Quote | Chart | News | PowerRating) were downgraded by a Deutsche Bank AG analyst from "buy" to "hold."
Fannie Mae (FNM | Quote | Chart | News | PowerRating) closed lower for the first time in five days on Friday, losing nearly 14% on the day.
Citing a slowdown in technology spending in Europe, Dell (DELL | Quote | Chart | News | PowerRating) reported quarterly earnings that fell short of analyst estimates by five cents.
General Motors (GM | Quote | Chart | News | PowerRating) announced a recall of more than 940,000 vehicles in response to a potential short circuit in the washer fluid system that could cause fires. So far, three fires have been linked to this problem.
Friday, August 29, 2008
A Crashing Consumer and Failing Banks
The Great Consumer Crash of 2009 by James Quinn (as posted on seekingalpha.com) talks about housing, debt, confidence, spending, etc.
Dead Men Walking by Bennet Sedacca (via John Mauldin) talks about what banks are most capable of surviving, the ones which are either "too big to fail" or have valuable assets should the companies be broken up, and which one are "dead men walking," or doomed to failure.
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Flags
VIDEO - Wedges
VIDEO - Pennants
Video - Rectangles
Video - Cup n Handle
Video - Head n Shoulders
Video - Trendlines
Neutral Chart Patterns
Video - Symmetrical Triangles
Video - Rectangles
Bearish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Descending Triangles
VIDEO - Flags
VIDEO - Wedges
VIDEO - Pennants
VIDEO - Rectangles
Video - Head n Shoulders
Video - Trendlines
http://www.leavittbrothers.com/
Pre-Market Gappers
SIGM +4.9%, PETM +4.4%, WM +3.4%, FRE +3.2%, ELN +2.2%, IBN +1.7%...
Gapping down:
FRPT -17.5%, LAVA -11.4%, DELL -9.6%, NOK -3.5%, MRVL -3.1%, CCL -2.8%, NOVL -2.5%, QCOM -1.8%, AFFY -1.4%, OVTI -1.3%.
Upgrades and Downgrades
OTIV, NWY, TPX, TC, JAS, EGN
Downgrades:
SINT, PDX, FTO, BWS, CNC, CNK,
CEGE, KO, GILD, CHL, GA, WCRX
Morning News
In Japan the Nikkei 225 closed up 2.40%
In Hong Kong the Hang Seng closed up 1.38%
European markets are slightly higher
Personal Income and Outlays (Jul , 2008)
Oil rises, Heads for biggest weekly gain in two months as storm approaches
Crude Oil is $117 per barrel
Gold is trading higher and is $841.50 per ounce
Thursday, August 28, 2008
7 Stocks you need to know for Friday
Among the biggest gainers of the Dow industrials, shares of American Express (AXP | Quote | Chart | News | PowerRating) were up more than 4% and increasingly overbought with a 2-period RSI of more than 90 as the stock continues to trade below the 200-day moving average.
The biggest advance in the S&P 500 was to be found in the shares of MBIA, Inc. (MBI | Quote | Chart | News | PowerRating), which were up by more than 34% as the stock closed above its 200-day moving average for the first time since mid-October 2007.
Shares of Las Vegas Sands (LVS | Quote | Chart | News | PowerRating) were up more than 7% on Thursday on news that the gambling resort is looking to build a $12 billion casino project similar to the one it built in Macau. LVS has a 2-period RSI of more than 90 and remains several points below its 200-day moving average.
A day after plunging more than 24%, shares of Amyln Pharmaceuticals (AMLN | Quote | Chart | News | PowerRating) were up by more than 6% on Thursday. A Merrill Lynch analyst upgraded the shares from "neutral" to "buy."
Dell (DELL | Quote | Chart | News | PowerRating) sold off initially in afterhours trading on Thursday on their announcement that earnings had fallen short of analyst EPS expectations by five cents.
Boeing (BA | Quote | Chart | News | PowerRating) on Thursday made what it considers its "final offer" to workers represented by the International Association of Machinists and Aerospace Workers. The workers are expected to vote on the offer on Wednesday.
Pre-Market Gappers
Gapping up:
SEED +13.1%, MBI +10.6%, ABK +10.1%, JAS +8.5%, AMLN +6.0%, ENER +5.9%, TIF +5.9%, GEF +5.2%, GA +4.7%, MW +4.0%, RDN +3.8%, ALU +3.8%, MTG +3.1%, FRE +2.5%, BT +2.5%, JCG +1.2%, BHP +1.1%, BCS +1.1%...
Gapping down:
FCEL -24.3%, CHU -5.4%, CWTR -5.2%, CHL -5.0%, TIVO -4.4%, NOK -1.3%.
Morning News
In Japan the Nikkei 225 closed up 0.12%
In China the Hang Seng closed down 2.30%
Corporate Profits (Jul , 2008)
Gross Domestic Product (Q2p , 2008)
Jobless Claims (wk8/23 , 2008)
Help Wanted Index (Jul , 2008)
EIA Natural Gas Report (wk8/22 , 2008)
Money Supply (wk8/18 , 2008)
Crude Oil is trading up and is $119.50 per barrel
Gold is $842 per ounce
Wednesday, August 27, 2008
7 Stocks you need to know for Thursday
Up more than 9% at the open, shares of Ikon Office Solutions Inc. (IKN | Quote | Chart | News | PowerRating) rallied on news that the office equipment distributor was being acquired by Ricoh of Japan for $1.62 billion.
Losses that were not as bad as feared stoked buying in shares of Borders Group Inc. (BGP | Quote | Chart | News | PowerRating), which were higher by more than 21% on Wednesday.
Del Monte (DLM | Quote | Chart | News | PowerRating) reports earnings Thursday morning before the bell. Analysts are expecting a loss of $0.04 per share.
Shares of Amylin Pharmaceuticals (AMLN | Quote | Chart | News | PowerRating) fell by more than 24% after reports that four more patients died while taking company's diabetes treatment.
Better than expected earnings guidance for 2008 sent shares of Talbots (TLB | Quote | Chart | News | PowerRating) soaring by more than 28% on Wednesday.
Oil stocks were among the day's big gainers, with stocks such as Tesoro Corporation (TSO | Quote | Chart | News | PowerRating) up more than 11%.
Dell Inc. (DELL | Quote | Chart | News | PowerRating) reports second quarter earnings Thursday after the market closes. Analysts are expecting EPS of $0.36.
HPQ
Pre-Market Gappers
FRE +8.1%, APSG +7.6%, FNM +5.9%, SOLR +5.8%, SOLF +3.3%, BP +1.6%, AFL +1.5%, LEH +1.4%, MNRO +1.0%...
Gapping down:
NEXM -63.2%, AMLN -13.3%, JCG -6.9%, MAT -3.7%, BMY -2.2%, LLY -1.2%, TSRA -1.1%.
Morning News
In Japan the Nikkei 225 closed down 0.20%
In Hong Kong the Hang Seng closed up 1.95%
European markets are trading down
MBA Purchase Applications (wk8/22 , 2008)
EIA Petroleum Status Report @ 10.35am
Crude Oil is $117.60 per barrel
Gold is trading up and is $840 per ounce
Tuesday, August 26, 2008
7 Stocks you need to know for Wednesday
Dollar Tree (DLTR | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the opening bell. Analysts are expecting EPS of $0.41.
Verizon Communications (VZ | Quote | Chart | News | PowerRating) is nearing a deal that would allow Google (GOOG | Quote | Chart | News | PowerRating) to become the default search engine for all Verizon mobile devices.
Analysts are expecting Solarfun Power (SOLF | Quote | Chart | News | PowerRating) to report earnings per share of $1.48 when the company announces quarterly earnings Wednesday morning before the market opens.
Teva Pharmaceutical Industries Ltd. (TEVA | Quote | Chart | News | PowerRating) announced that its drug, Azilect, was the first to slow the progress of the Parkinson's disease.
The slowing economy has been hard on popular family restaurants, bringing shares of both Brinker International (EAT | Quote | Chart | News | PowerRating), which runs Chili's Bar and Grill, and Darden Restaurants (DRI | Quote | Chart | News | PowerRating), which runs Olive Garden and Red Lobster lower on Tuesday.
V
Pre-Market Gappers
| Gapping up: TMA +100.0%, CLNE +8.4%, MDRX +3.4%, COH +2.8%, UAUA +2.5%, APC +2.4%... Gapping down: SIRF -4.5%, RTP -3.2%, BP -1.8%, RDS.A -1.7%, TOT -1.6%. |
Morning News
In Japan the Nikkei 225 closed down 0.80%
In Hong Kong the Hang Seng closed down 0.25%
European markets are trading lower
ICSC-UBS Store Sales (wk8/23 , 2008)
Redbook (wk8/23 , 2008)
New Home Sales (Jul , 2008)
Consumer Confidence (Aug , 2008)
FOMC Minutes (Aug , 2008)
Crude Oil is $113 per barrel
Gold is $814 per ounce
Monday, August 25, 2008
7 Stocks you need to know for Tuesday
The Dow lost 241.81. The Nasdaq Composite fell by 49.12. And the S&P 500 ended the day lower by 25.36.
Here are 7 Stocks You Need to Know for Tuesday.
Increasingly overbought, shares of Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) gained more than 2% on Monday as traders cheered the company's decision to sell one of its semiconductor units to Broadcom (BRCM | Quote | Chart | News | PowerRating). Shares of Broadcom were down more than 4%.
Analysts are expecting EPS of $-0.04 when Smithfield Foods (SFD | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the market opens.
Credit Suisse Group AG warned on Monday that American International Group (AIG | Quote | Chart | News | PowerRating) was likely to report housing-bust related writedowns costing more than $2.4 billion.
Shares of LDK Solar Company (LDK | Quote | Chart | News | PowerRating) were up more than 9% late in trading on Monday as the maker of solar wafers reported that its 2009 deliveries would likely be double previous estimates.
Freddie Mac (FRE | Quote | Chart | News | PowerRating) rallied on Monday after a successful weekly auction of more than $2 billion in short term notes. The stock was higher by more than 17%.
Big Lots (BIG | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the market opens. Analysts are expecting EPS of $0.27
BIDU
Gapping Up
CME
Pre-Market Gappers
DSTI +8.1%, FRE +1.6%, DK +4.3%, GW +1.7%, JBLU +1.2%, WNR +1.2%, STP +1.2%, HOV +1.0%...
Gapping down:
FNM -6.0%, LEH -3.2%, DB -1.5%, NOK -1.2%.
Morning News
In Japan the Nikkei closed up 1.7%
In Hong Kong the Hang Seng closed up 3.5%
The FTSE in England is up 2.5%
The Dax and Cac are trading lower
Dollar rises on speculation decline in oil
Existing Home Sales (Jul , 2008)
Oil is $115.50 per barrel
Gold is $829 per barrel
Saturday, August 23, 2008
VIDEO - Symmetrical Triangles (bearish)
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Flags
VIDEO - Wedges
VIDEO - Pennants
Video - Rectangles
Video - Cup n Handle
Video - Head n Shoulders
Video - Trendlines
Neutral Chart Patterns
Video - Symmetrical Triangles
Video - Rectangles
Bearish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Descending Triangles
VIDEO - Flags
VIDEO - Wedges
VIDEO - Pennants
VIDEO - Rectangles
Video - Head n Shoulders
Video - Trendlines
http://www.leavittbrothers.com/
7 Stocks you need to know for Monday
General Motors (GM | Quote | Chart | News | PowerRating) and Ford Motor Company (F | Quote | Chart | News | PowerRating) were among those in the automotive industry asking for additional federal loans to subsidize the building of more fuel-efficient vehicles.
Trading beneath the 200-day moving average, shares of American Express (AXP | Quote | Chart | News | PowerRating) were up by more than 4% on Friday for their third consecutive day of gains.
King Pharmaceuticals (KG | Quote | Chart | News | PowerRating) announced that it may take its rejected $1.38 billion bid for Alpharma Inc. (ALO | Quote | Chart | News | PowerRating) directly to the shareholders if no agreement is reached.
Word of potential investment from Korea Development Bank encouraged buying - and short covering - in shares of Lehman Brothers Holdings Inc. (LEH | Quote | Chart | News | PowerRating) on Friday. The stock was up more than 3% on Friday.
Oracle Corporation (ORCL | Quote | Chart | News | PowerRating) has agreed to a compensation package that makes Larry Ellison the richest CEO in the United States.
Friday, August 22, 2008
STP
Pre-Market Gappers
DAL +7.6%, FNM +2.1%, FRE +1.9%, HOV +1.8%, RBS +1.2%, TXCO +1.2%...
Gapping down:
AUY -3.4%, LVS -3.1%, BP -2.2%, TOT -1.4%.
Upgrades and Downgrades
BCSI, TU, CNQR
Downgrades:
NDSN, NED, SHOR, BKC, SMA, LOGI, FACE
LVS, PSUN, TLB, AVNX
Morning News
In Japan the Nikkei 225 closed down 0.68%
In Hong Kong the Hang Seng closed down 2.60%
European markets are trading higher
Investors await Bernanke as he is to speak today
Lehman is worried about its ability to withstand mounting losses
Google to be the default search engine on Verizon devices
Crude Oil is $120 per barrel
Gold is $837 per ounce
Thursday, August 21, 2008
7 Stocks you need to know for Friday
Upscale women's clothing retailer Ann Taylor (ANN | Quote | Chart | News | PowerRating) reports earnings Friday morning before the market opens. Analysts are expecting EPS of $0.48.
Massey Energy (MEE | Quote | Chart | News | PowerRating) was among the energy stocks continuing to move higher on Thursday. MEE was up more than 6% on the day.
An analyst with Ladenburg Thalmann upgraded shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) to a "buy", saying that the investment bank was increasingly likely to be the target of a takeover.
Citigroup analysts lowered their third quarter earnings estimates for Goldman Sachs (GS | Quote | Chart | News | PowerRating) among other Wall Street investment banks.
Children's Place Retail Stores Inc. (PLCE | Quote | Chart | News | PowerRating) gained more than 11% on Thursday after reporting quarterly earnings losses that were not as bad as analysts had feared.
Slowing sales growth was blamed for the disappointing quarter reported by Salesforce.com (CRM | Quote | Chart | News | PowerRating), which ended the day down more than 18%.
Dick's Sporting Goods (DKS | Quote | Chart | News | PowerRating) rallied by more than 15% on Thursday on surprisingly optimistic full year earnings guidance. The retailer also announced quarterly earnings that were not as poor as expected.
Pre-Market Gappers
| Gapping up:
Gapping down: JDSU -10.7%, ISSC -9.6%, FRO -5.7%, FNM -4.1%, LYG -3.7%, CRM -2.3%, TOT -1.8%, RDS.A -1.6%, SNPS -1.0%. |
Morning News
In Japan the Nikkei 225 closed down 0.77%
In Hong Kong the Hang Sang closed down 2.60%
European markets are trading lower
Jobless Claims (wk8/16 , 2008)
Leading Indicators (Jul , 2008)
Philadelphia Fed Survey (Aug , 2008)
EIA Natural Gas Report (wk8/15 , 2008)
Money Supply (wk8/11 , 2008)
Crude Oil is trading higher and is $117 per barrel
Gold is up $14 per ounce and is $830 per ounce
Wednesday, August 20, 2008
7 Stocks you need to know for Thursday
H.J. Heinz (HNZ | Quote | Chart | News | PowerRating) reports earnings tomorrow morning before the market opens. Analysts are expecting EPS of $0.66.
On Wednesday, OfficeMax (OMX | Quote | Chart | News | PowerRating) lost its chief financial officer, who left for a position with Allstate Corporation (ALL | Quote | Chart | News | PowerRating).
Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) continued to move lower, with both stocks down more than 25% on the day.
eBay (EBAY | Quote | Chart | News | PowerRating) announced a dramatic cut in the fee it charges sellers at the "Buy it Now" fixed-price section of its website. The move brings the online auction website into closer competition with online retailer, Amazon.com (AMZN | Quote | Chart | News | PowerRating).
Pre-Market Gappers
PAY +27.3%, USEG +24.8%, STP +5.0%, OTEX +4.7%, PDLI +4.2%, RTP +3.3%, HPQ +3.0%, GOLD +2.4%, BHP +2.3%, SSL +2.1%, SYT +2.0%, MT +1.5%...
Gapping down:
NVTL -14.3%, ARAY -7.5%, OSTK -3.7%, ADI -2.6%.
Upgrades and Downgrades
UBB, AUY, TSRA, KLAC, ESI, HTX, ORLY
Downgrades:
DPS, NVTL, AAP, COMV, STEL, NATI,
JKHY, DISH
Morning News
In Japan the Nikkei 225 closed down .10%
In Hong Kong the Hang Seng closed up 2.20%
European markets are trading higher
MBA Purchase Applications (wk8/15 , 2008)
Crude Oil is $115 per barrel
Gold is $817.50 per ounce
Tuesday, August 19, 2008
7 Stocks you need to know for Wednesday
Energy stocks were among the most impressive performers to the upside on Tuesday, with Peabody Energy Corporation (BTU | Quote | Chart | News | PowerRating) and Massey Energy Company (MEE | Quote | Chart | News | PowerRating) both climbing by more than 7%.
Among the biggest decliners in the Dow industrials was American International Group (AIG | Quote | Chart | News | PowerRating), which lost nearly 6% on Tuesday.
Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) beat analysts' earning estimates by three cents in its report Tuesday after the markets closed.
A settlement with U.S. prosecutors in a Medicaid fraud case sent shares of WellCare Health Plans (WCG | Quote | Chart | News | PowerRating) soaring by more than 10%.
BJ's Wholesale (BJ | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the bell. Analysts are expecting EPS of $0.57.
Shares of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) fell more than 12%, rapidly closing in on the historic, multi-year July lows.
Pre-Market Gappers
| Gapping up:
Gapping down: CNTF -21.9%, ABMD -9.8%, HBC -2.6%, FNM -2.1%, UBS -2.1%, ING -2.1%, DB -2.0%, AIG -1.5%. |
Upgrades and Downgrades
MENT, FLR, NCS, CDNS, TWGP
Downgrades:
SUN, MITI, TRX, NVTL, SAIA, ODFL
HBAN, CNL, LII, IM, BEAT, HSY, OMRI
XPRT, CMVT, WDFC, MAN, RHI
Morning News
In Japan the Nikkei 225 closed down 2.28%
In Hong Kong the Hang Seng closed down 2.15%
European markets are down 1.5% on average
Home Depot Quarterly Profit Falls on Housing Slump
ICSC-UBS Store Sales (wk8/16 , 2008)
Crude Oil is $112 per barrel
Gold is $799 per ounce
Monday, August 18, 2008
7 Stocks you need to know for Tuesday
Rising prices and an analyst downgrade encouraged traders to sell shares of The Hershey Company (HSY | Quote | Chart | News | PowerRating), which were down by more than 9% on Monday.
Analysts are expecting earnings per share of $0.76 when Target (TGT | Quote | Chart | News | PowerRating) reports earnings Tuesday morning before the open.
Electronic Arts (ERTS | Quote | Chart | News | PowerRating) announced that it was withdrawing its $2 billion bid for Take-Two Interactive Software (TTWO | Quote | Chart | News | PowerRating) - though the two software gaming companies remain in negotiations.
Fears that the U.S. government will be forced to bailout both Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating), led to aggressive selling in shares of both companies on Monday.
Home Depot (HD | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday before the bell. Analysts are expecting EPS of $0.61.
Pre-Market Gappers
| Gapping up:
Gapping down: FNM -5.7%, FRE -5.1%, HSY -4.4%, LEH -1.5%. |
Upgrades and Downgrades
NCS, CDNS, TWGP
Downgrades:
HBAN, CNL, LII, IM, BEAT, HSY, OMRI
XPRT, CMVT, WDFC, MAN, RHI
Morning News
In Japan the Nikkei 225 closed up 1.12%
In Hong Kong the Hang Seng closed down 1.10%
European markets are currently trading higher
Lowe's Earnings Fall for 4th straight quarter on U.S. housing decline
Dollar falls as Housing, Inflation Reports May Delay Fed's Rate Increase
Tropical Storm Fay maybe become a Hurricane before reaching Florida
Crude Oil trading up due to Tropical Storm Fay
Crude Oil is $114 per barrel
Gold is $798.50 per ounce
Saturday, August 16, 2008
VIDEO - Pennants (bullish)
Bullish Chart Patterns
VIDEO - Symmetrical Triangles
VIDEO - Ascending Triangles
VIDEO - Wedges
VIDEO - Flags
VIDEO - Pennants
Bearish Chart Patterns
VIDEO - Descending Triangles
VIDEO - Wedges
VIDEO - Flags
VIDEO - Pennants
VIDEO - Rectangles
Here's our report on the financial crisis and many of the responses we got...
How Did We Get Into This Financial Mess?
Responses to How Did We Get Into This Financial Mess?
http://www.leavittbrothers.com/
Earnings Preview for the week of August 18-22
Friday, August 15, 2008
7 Stocks you need to know for Monday
Retailers were among the big gainers on Friday, with Kohl's (KSS | Quote | Chart | News | PowerRating) and Nordstrom (JWN | Quote | Chart | News | PowerRating) beating analyst earnings estimates and closing higher by more than 7% and 4%, respectively.
Also moving higher at week's end were semiconductor stocks including Cypress Semiconductor (CY | Quote | Chart | News | PowerRating) which was up by more than 12% and Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating), which was up more than 6%.
The S&P's decision not to downgrade the credit ratings of Ambac Financial Group (ABK | Quote | Chart | News | PowerRating) and MBIA, Inc. (MBI | Quote | Chart | News | PowerRating) led to strong rallies in shares of both companies on Friday.
Lowe's (LOW | Quote | Chart | News | PowerRating) reports earnings Monday morning before the market opens. Analysts are expecting EPS of $0.56.