Friday, January 30, 2009
Upgrades and Downgrades
ARAY, BSX, MLM, AZN
UEPS, CNX
Downgrades:
TWC, JNPR, MRX, FITB, RF, SEPR
ALL, RYAAY, GBE, CRL, NI, RDYN
AZN, ZNT, VE, UA, OSK, TKR
Morning News
In Japan the Nikkei 225 closed down 3.1%
In Hong Kong the Hang Seng closed up 0.94%
European markets are trading down early on
Wall Street Bonuses May Go Way of Dodo
GDP
Crude Oil is $41.80 per barrel
Gold is $925 per ounce
Thursday, January 29, 2009
7 Stocks you need to know for Friday
The Dow pulled back by 226.44. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Amazon.com (AMZN | Quote | Chart | News | PowerRating) reported quarterly earnings of 52 cents per share Thursday after the market closed, blowing away estimates by 14 cents. Sales and guidance were also better than expected.
Allstate (ALL | Quote | Chart | News | PowerRating) reported its first annual loss ever, announcing also plans to eliminate 1,000 jobs and to reconsider raising its dividend.
Exxon Mobil (XOM | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting earnings per
Earnings per share of 1.59 is what analysts are expecting from Procter and Gamble (PG | Quote | Chart | News | PowerRating), which also reports quarterly earnings Friday morning before the bell.
Among the hardest hit stocks on Thursday were Wells Fargo (WFC | Quote | Chart | News | PowerRating) and General Electric (GE | Quote | Chart | News | PowerRating). Both stocks pulled back sharply from overbought extremes reached in a single day during the previous session.
One bright spot in the Nasdaq on Thursday was Vertex Pharmaceuticals (VRTX | Quote | Chart | News | PowerRating) which was up as much as 4% late in trading. The stock is increasingly overbought above the 200-day moving average.
Upgrades and Downgrades
AAI, MSM, DFT
Downgrades:
NHY, NYX, CTXS, LRCX, AFFX, APD
IRBT, NSR, PNNT, MCGC, ARCC, ALD,
AINV, ACAS, TMP, DRYS
Morning News
In Japan the Nikkei 225 closed up 1.8%
In Hong Kong the Hang Seng closed up 4.6%
European markets are trading down 1-2% early on
Ford reports $5.9 billion loss
Unemployment will only get worse
Durable Goods Orders
New Home Sales
Crude Oil is $41 per barrel
Gold is $878 per ounce
Wednesday, January 28, 2009
7 ETF's you need to know for Thursday
Here are 7 ETFs You Need to Know for Thursday.
Financial stocks were the clear leaders on Wednesday, driving exchange-traded funds linked to financial stocks deeper into overbought territory below the 200-day moving average. Among these ETFs is the iShares Dow Jones U.S. Financial Services ETF, IYG (IYG | Quote | Chart | News | PowerRating), which includes stocks like JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) and Wells Fargo (WFC | Quote | Chart | News | PowerRating).
Also moving higher and further into overbought territory below the 200-day moving average is the Financial Select Sector SPDRS ETF, XLF (XLF | Quote | Chart | News | PowerRating). The XLF soared by nearly 12% on Wednesday.
Consumer discretionary stocks were also advancing on Wednesday, led by Coach Inc. (COH | Quote | Chart | News | PowerRating) which was dramatically higher on the day. ETF traders and investors can get exposure to this sector through funds like the Consumer Discretionary Select Sector SPDRS ETF, XLY (XLY | Quote | Chart | News | PowerRating). This ETF was testing 7-day highs below the 200-day moving average by mid-day.
The PowerShares DB Dollar Index Bullish ETF, UUP (UUP | Quote | Chart | News | PowerRating) pulled back into oversold extremes on Wednesday. UUP, which tracks Deutsche Bank Long Dollar Futures Index, is as oversold as it has been since making its mid-December 2008 lows just above the 200-day moving average.
Testing January highs on Wednesday was the iShares MSCI Taiwan Index ETF, EWT (EWT | Quote | Chart | News | PowerRating). Also trading below its 200-day moving average, the fund closed above its 5-day moving average for the third consecutive session.
Pulling back sharply and moving further into oversold territory were a wide number of short/inverse exchange-traded funds, with the ProShares UltraShort Technology ETF, REW (REW | Quote | Chart | News | PowerRating) and the ProShares UltraShort S&P 500 Index ETF, SDS (SDS | Quote | Chart | News | PowerRating) both down more than 7%.
Stocks Trading Up in Pre-Market
BAC, JAVA, TMTA, C, GS, GOOG, ACAS
BIDU, STEM, FITB, UCBH, UAUA, YHOO
Upgrades and Downgrades
FCX, TC, LINTA, STJ, GPC
VPRT, PTI, MCHP, LYG,
BBY, QCOM
Downgrades:
CNB, AEP, HST, SLT, BTU, CIEN
GFA, MXIM, XOM, CNW, KRC, CRS
CNC
Morning News
In Japan the Nikkei 225 closed up 0.56%
In Hong Kong the Hang Seng closed down 0.63%
European markets are trading higher by 2% early on
All Eyes on Wells Fargo
MBA Purchase Applications
EIA Petroleum Status Report
Crude Oil is $41.50 per barrel
Gold is $887 per ounce
FOMC Meeting Announcement
Tuesday, January 27, 2009
7 Stocks you need to know for Wednesday
Yahoo! (YHOO | Quote | Chart | News | PowerRating) reported a quarterly loss of 22 cents per share, but non-GARP earnings of 17 cents per share after the close on Tuesday. The stock was higher by as much as 3% immediately after the announcement in after hours trading.
Also reporting quarterly earnings after the bell on Tuesday was biotech firm, Gilead Sciences (GILD | Quote | Chart | News | PowerRating), which beat analyst expectations by a wide mark.
AT&T (T | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 66 cents.
Eighty cents per share is what analysts are expecting when Boeing (BA | Quote | Chart | News | PowerRating) reports earnings before the market opens on Wednesday.
Analysts are expecting Wells Fargo (WFC | Quote | Chart | News | PowerRating) to announce quarterly earnings of seven cents per share when it reports Wednesday before the opening bell.
Qualcomm (QCOM | Quote | Chart | News | PowerRating) announces earnings Wednesday after the market closes. Analysts are expecting earnings per share of 0.39.
Starbucks (SBUX | Quote | Chart | News | PowerRating) is expected to report earnings per share of 17 cents when the company announces quarterly profits Wednesday after the bell.
Upgrades and Downgrades
TXN, ARMH, CAT, SKH, SUNH
BOH, PVTB
Downgrades:
LAYN, TMK, USB, GNK, SNSS
Morning News
In Japan the Nikkei 225 closed up nearly 5%
In Hong Kong the Hang Seng closed down 0.63%
European markets are trading down early on by 1%
DuPont reports loss, trims 2009 forecast
Bank Bailout could cost 4 trillion
ICSC-Goldman Store Sales
Redbook
Consumer Confidence
Crude Oil is $46.50 per barrel
Gold is $894 per ounce
7 Stocks you need to know for Tuesday
Caterpillar (CAT | Quote | Chart | News | PowerRating) reported quarterly
Also announcing significant job cuts on Monday was Sprint, which reported plans to reduce its workforce by 8,000 jobs. Rival Verizon Communications (VZ | Quote | Chart | News | PowerRating) reports quarterly earnings on Tuesday, with analysts expecting EPS of 61 cents.
Reporting quarterly earnings after the market closed on Monday was American Express (AXP | Quote | Chart | News | PowerRating) which announced profits that were roughly in line with estimates.
Also reporting after the close was biotechnology giant, Amgen (AMGN | Quote | Chart | News | PowerRating). Amgen reported fourth quarter profits that were up 15% and in-line with expectations.
EPS of 75 cents is what analysts are expecting from U.S. Steel (X | Quote | Chart | News | PowerRating), when it announces quarterly earnings on Tuesday.
Reporting earnings after the close on Tuesday, E*Trade Financial (ETFC | Quote | Chart | News | PowerRating) is expected to announce a loss of 23 cents per share. Also reporting earnings after the market closes on Tuesday is Yahoo! (YHOO | Quote | Chart | News | PowerRating). Yahoo! is expected to announce per share earnings of 0.13.
Monday, January 26, 2009
Before the Open
Economic & Earnings for next week.
www.leavittbrothers.com
Caterpillar to Cut 20,000 Jobs
Upgrades and Downgrades
CVH, PSO, LEAP, RWT, NLS
Downgrades:
PTRY, LECO, CNH, BBBY, AFL
BHP, INWK
Morning News
In Japan the Nikkei 225 closed down 0.81%
In Hong Kong the Hang Seng closed down 0.63%
European markets are trading higher early on by 1%
Pfizer to buy Wyeth for $68 Billion
Leading Indicators
Crude Oil is $46.75 per barrel
Gold is $907 per ounce
Sunday, January 25, 2009
7 Stocks you need to know for Monday
Caterpillar (CAT | Quote | Chart | News | PowerRating) will report earnings Monday morning before the market opens. Earnings per share of 1.31 are what analysts are expecting from the company.
In the wake of Schlumberger's disappointing earnings announcement on Friday, Haliburton (HAL | Quote | Chart | News | PowerRating) will report quarterly earnings Monday morning. Analysts are expecting EPS of 73 cents.
McDonalds (MCD | Quote | Chart | News | PowerRating) is expected to report EPS of 83 cents when it announces earnings Monday before the bell.
Reporting quarterly earnings Monday after the market opens, American Express (AXP | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 23 cents.
Also announcing earnings after the bell on Monday is Amgen (AMGN | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 1.04 from the biotechnology company.
Friday, January 23, 2009
Morning News
In Japan the Nikkei 225 closed down 3.8%
In Hong Kong the Hang Seng closed down 0.63%
European markets are trading down early on
GE posts lower earnings, revenue
Asian stocks slide to 6 week low
EIA Natural Gas Report
Crude Oil is $42.75 per barrel
Gold is $875 per ounce
Thursday, January 22, 2009
7 Stocks you need to know for Friday
The Dow lost 105.30. The Nasdaq Composite fell 41.58. And the S&P 500 closed lower by 12.74.
Here are 7 Stocks You Need to Know for Friday.
Google (GOOG | Quote | Chart | News | PowerRating) beat analyst estimates by 14 cents in its earnings announcement after the market closed on Thursday.
Analysts are expecting earnings per
Former Merrill Lynch CEO John Thain resigned from recent acquirer Bank of America (BAC | Quote | Chart | News | PowerRating) on Thursday.
Microsoft (MSFT | Quote | Chart | News | PowerRating) surprised the markets with an earlier than expected earnings miss and news that the software giant would eliminate 5,000 jobs company wide.
General Electric (GE | Quote | Chart | News | PowerRating) reports quarterly earnings Friday before the market opens. Analysts are expecting EPS of 0.37.
Investors aggressively unloaded shares of Aflac (AFL | Quote | Chart | News | PowerRating) on Thursday following a Morgan Stanley report expressing concern over the company's investments in securities in both Europe and the U.K.
Announcing its quarterly earnings Friday before the opening bell, Xerox (XRX | Quote | Chart | News | PowerRating) is expected to report EPS of 34 cents.
Upgrades and Downgrades
HCBK, BT, DTSI, FII, AAP, M
LOW, BBY, HSY, NEU, ERIC
Downgrades:
DOX, ECLP, LOGI, HMA, WYE
FCX, PETM, K, FULT, ECLP
EE, CERN, APD
Morning News
In Japan the Nikkei 225 closed up 2%
In Hong Kong the Hang Seng closed up 0.6%
European markets are trading higher early on
Apple beats earnings estimates
Ebay falls after forecast misses
Nokia profit sinks
MBA Purchase Applications
Jobless Claims
EIA Petroleum Status Report
Money Supply
Crude Oil is $44 per barrel
Gold is $848.50 per ounce
Wednesday, January 21, 2009
7 Stocks you need to know for Thursday
The Dow soared 279.01. The Nasdaq gained 66.21. And the S&P 500 ended the day up 35.02.
Apple (AAPL | Quote | Chart | News | PowerRating) announced quarterly
Also announcing earnings after the bell on Wednesday was eBay (EBAY | Quote | Chart | News | PowerRating), ], which reported fourth quarter earnings that were roughly in line with expectations.
Announcing its quarterly earnings before the market opens on Thursday, Lockheed Martin (LMT | Quote | Chart | News | PowerRating) is expected to report earnings per share of 1.92.
Earnings per share of 37 cents is what analysts are expecting Nokia (NOK | Quote | Chart | News | PowerRating) to report on Thursday when the company makes its quarterly earnings announcement.
Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) will report earnings on Thursday after the market closes. Analysts are expecting an earnings per share loss of 54 cents.
Also reporting earnings Thursday after the bell are both Google (GOOG | Quote | Chart | News | PowerRating) and Microsoft (MSFT | Quote | Chart | News | PowerRating). Analysts are expecting Google to announce earnings per share of 4.96. For its part, Microsoft is expected to report EPS of 49 cents.
Upgrades and Downgrades
WGOV, AXL, LEA, F, HOG
JBL, UL, RYAAY
Downgrades:
RDWR, HSC, BAC, WFR
BOOM, CHRW, VIP, MBT
OZM, ICXT, WMT, HERO
OMCL
Morning News
In Japan the Nikkei 225 closed down 2%
In Hong Kong the Hang Seng closed down 3%
European markets are trading lower early on
MBA Purchase Applications
ICSC-Goldman Store Sales
Redbook
EIA Petroleum Status Report
Housing Market Index
Crude Oil is $41.35 per barrel
Gold is $861 per ounce
7 Stocks you need to know for Wednesday
Here are 7 Stocks You Need to Know for Wednesday.
IBM (IBM | Quote | Chart | News | PowerRating) blew away analyst earnings Tuesday after the bell, beating EPS estimates by 25 cents for the quarter and forecasting better than expected earnings per share for 2009.
In the wake of new revelations about the health of CEO Steve Jobs, Apple (AAPL | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday after the market closes. Analysts are expecting EPS of 1.39.
Also reporting quarterly earnings Wednesday after the bell is eBay (EBAY | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 34 cents.
Two airlines are reporting quarterly earnings on Wednesday. Analysts are expecting Delta Air Lines (DAL | Quote | Chart | News | PowerRating) to report an EPS loss of 19 cents. An earnings per share loss of 4.45 is what analysts are looking for from UAL Corp (UAUA | Quote | Chart | News | PowerRating).
Continued concerns over the health of the banking industry were exemplified in the aggressive selling that took Bank of America (BAC | Quote | Chart | News | PowerRating) down by more than 19% intraday on Tuesday.
Abbott Labs (ABT | Quote | Chart | News | PowerRating) announces quarterly earnings on Wednesday. Analysts are expecting earnings per share of 1.06.
Tuesday, January 20, 2009
Jan 20 - Before the Open
Economic & Earnings for next week.
www.leavittbrothers.com
Upgrades and Downgrades
CHKP, ARCC, HR
Downgrades:
COP, CHU, SINA, TER, ALTR
BHP, PALM, TLM, SU, PCZ, NXY
CNQ
Morning News
In Japan the Nikkei 225 closed down 2.3%
In Hong Kong the Hang Seng closed down 2.85%
European markets are trading lower
Eye on Obama
State Street Investor Confidence
Fiat to get 35% stake in Chrysler for no cash
Toyota says 2008 vehicle sales fell 5%
Crude Oil is $33.85 per barrel
Gold is $833 per ounce
7 Stocks you need to know for Tuesday
ConocoPhillips (COP | Quote | Chart | News | PowerRating) reported after the bell on Friday that the refining giant was planning to cut 4% of its workforce and take significant write downs for the fourth quarter.
Forest Labs (FRX | Quote | Chart | News | PowerRating) reports quarterly earnings Tuesday morning before the market opens. Analysts are expecting EPS of 75 cents.
Analysts are expecting State Street Corporation (STT | Quote | Chart | News | PowerRating) to announce EPS of 1.14 when it reports quarterly earnings on Tuesday.
Announcing earnings before the market opens on Tuesday, Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) is expected to report 0.92 per share.
TD Ameritrade (AMTD | Quote | Chart | News | PowerRating) is expected to report EPS of 0.31 when it announces quarterly earnings Tuesday before the bell.
Among those companies announcing earnings after the market closes on Tuesday is IBM (IBM | Quote | Chart | News | PowerRating), which is expected to report earnings per share of 3.03.
Analysts are expecting CSX Corporation (CSX | Quote | Chart | News | PowerRating) to report quarterly earnings of 91 cents per share when it announces Tuesday after the bell.
Sunday, January 18, 2009
Friday, January 16, 2009
Upgrades and Downgrades
K, SONS, BKS, OCR
Downgrades:
NWS, VIA.B, FFIV, TRI, CPO, CYNO
VCP, HMA, KND, THC, PAAS, GG, AEM
KGC, NSR
Morning News
In Japan the Nikkei 225 closed up 2.6%
In Hong Kong the Hang Seng closed up 0.09%
European markets are trading higher by 2-3% in early trade
Bank of America gets 138 Billion U.S. Bailout
Consumer Price Index
Industrial Production
Consumer Sentiment
Crude Oil is $36 per barrel
Gold is up $22 per ounce and is $830 per ounce
Thursday, January 15, 2009
7 Stocks you need to know for Friday
The Dow closed up 12.35. The Nasdaq Composite gained 22.20. And the S&P 500 edged higher by 1.12.
Here are 7 Stocks You Need to Know for Friday.
JP Morgan (JPM | Quote | Chart | News | PowerRating) beat earnings estimates on Thursday by more than six cents on dramatically lower year-over-year profits.
Apple (AAPL | Quote | Chart | News | PowerRating) CEO Steve Jobs may be undergoing surgery while on medical leave. The surgery would involve removing his pancreas following side effects from cancer treatments five years ago.
Intel (INTC | Quote | Chart | News | PowerRating) reported quarterly earnings Thursday after the bell that were in line with analyst expectations.
Fears that the company will need additional public assistance in order to digest its acquisition of Merrill Lynch led traders and investors to sell shares of Bank of America (BAC | Quote | Chart | News | PowerRating) on Thursday. Similar concerns about Citigroup (C | Quote | Chart | News | PowerRating) and its need for taxpayer assistance kept buyers away from that stock, as well.
Pfizer (PFE | Quote | Chart | News | PowerRating) is considering a plan to approximately 30% of its sales force in the United States. The plan could involve up to 2,400 workers. Also in pharmaceutical industry news, Eli Lilly & Company (LLY | Quote | Chart | News | PowerRating) agreed to a $1.42 billion settlement in a federal case involving the marketing of its top-selling, anti-psychotic medication, Zyprexa.
Upgrades and Downgrades
WLP, FAST, GSS, GRS, TPP
MOT, AXYS, ECL, ABC
Downgrades:
UAM, HS, TYPE, AAPL, PLT, EGO, GG,
KGC, AHD, ARA, ULBI, FRPT, MOT, BNI
DAI, STAR, CRNT, VCP, CMP, PG, RRGB
WMI, CWST, TRMB
Morning News
In Japan the Nikkei 225 closed down nearly 5%
In Hong Kong the Hang Seng closed down 3.4%
European markets are trading down early on
Steve Jobs CEO of Apple, Inc takes a medical leave
Crude Oil is $37 per barrel
Gold is $812 per ounce
Wednesday, January 14, 2009
Appleās Steve Jobs Takes Medical Leave; Shares Plunge
7 Stocks you need to know for Thursday
The Dow fell by 248.42. The Nasdaq Composite lost 56.82. And the S&P 500 closed down 29.17.
Here are 7 Stocks You Need to Know for Thursday.
Citigroup (C | Quote | Chart | News | PowerRating) plunged on Wednesday, as skeptics doubted that the company's plan to sell off parts of itself such as its Smith Barney brokerage unit will help raise much-needed capital.
Also putting a wet blanket on financial stocks was word from Deutsche Bank AG (DB | Quote | Chart | News | PowerRating) that it would likely report fourth quarter losses of approximately 4.8 billion euros. Losses for the year were expected to be just short of EUR 4 billion.
JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting an earnings per share loss of one cent.
Nortel Networks (NT | Quote | Chart | News | PowerRating) filed for bankruptcy protection in the United States and Canada on Wednesday. Falling demand for the company's telecommunications hardware was blamed for the company's financial problems.
Disappointing retails sales encouraged sellers to send shares of Target (TGT | Quote | Chart | News | PowerRating) lower for the sixth consecutive trading session.
Intel (INTC | Quote | Chart | News | PowerRating) is expected to announce EPS of four cents when it reports quarterly earnings Thursday after the close.
Also reporting quarterly earnings Thursday after the bell is Genentech (DNA | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 0.96.
Upgrades and Downgrades
ALGT, LPL, SKM, CLB, SOHU, AUO
Downgrades:
STD, REP, STO, AAUK, TLK, SU, STP
BPZ, PDE, NOV, OZM, FIG, GLG, BX
NVO, CPX, DRC, HNZ, PCU, MDRX
RIG, SII, VISN
Morning News
In Japan the Nikkei closed up 0.3%
In Hong Kong the Hang Seng closed up 0.3%
European markets are currently trading down
MBA Purchase Applications
Retail Sales
Import and Export Prices
Business Inventories
EIA Petroleum Status Report
Beige Book
Crude Oil is $39 per barrel
Gold is $826 per ounce
Tuesday, January 13, 2009
7 Stocks you need to know for Wednesday
The Dow ended the day down 25.41. The Nasdaq Composite finished ahead by 7.67. And the S&P 500 gained 1.53.
Here are 7 Stocks You Need to Know for Wednesday.
The Wall Street Journal reported that Yahoo! (YHOO | Quote | Chart | News | PowerRating) will choose Carol Bartz to replace Jerry Yang as CEO. Bartz was formerly CEO of Autodesk.
Xilinx (XLNX | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday after the close. Analysts are expecting earnings per
Options trader Jon Najarian pointed to sizable put buying in shares of Citigroup (C | Quote | Chart | News | PowerRating) during an appearance on MSNBC's Fast Money program after the bell on Monday. Read our Big Saturday Interview with options trader, Fast Money regular and brother of Jon Najarian, Pete Najarian at TradingMarkets.com!
Traders are similarly bearish toward shares of General Electric (GE | Quote | Chart | News | PowerRating). The number of shares sold short in the stock soared over the month of December. Also Barclay's suggested on Tuesday that GE's quarterly
Shares of ZymoGenetics (ZGEN | Quote | Chart | News | PowerRating) soared on Tuesday on the news that Bristol-Myers Squibb (BMY | Quote | Chart | News | PowerRating) would pay $1 billion to the Seattle-based biotech company if the hepatitis C drug they are co-developing meets certain sales and regulatory goals.
Alcoa (AA | Quote | Chart | News | PowerRating) continues to sit easily in the minds of traders, investors and analysts who have grown suspicious of the aluminum giant's ability to support its dividend.