Friday, February 27, 2009
Upgrades and Downgrades
BMC, SIG, CGV, HPY, THOR
VZ, CHS, SNAK, SUP, ANSS, OCR
ANSS, FUL
Downgrades:
SOMX, SLM, NIHD, LLNW, SNTA
USM, RBA, ORLY, QSFT, ADSK
Morning News
In Japan the Nikkei 225 closed up 1.5%
In Hong Kong the Hang Seng closed down 0.65%
European markets are currently trading down by 1.5-2%
Problem bank list tops 250
Economy in U.S. Probably Shrank More then Previously Estimated
GDP
Consumer Sentiment
Crude Oil is $44.25 per barrel
Gold is $946.50 per ounce
Thursday, February 26, 2009
7 Stocks you need to know for Friday
The Dow ended the day down 88.81. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Announcing earnings after the bell on Thursday, Dell (DELL | Quote | Chart | News | PowerRating) beat analyst
Also announcing earnings after the market closed on Thursday was The Gap (GPS | Quote | Chart | News | PowerRating). The Gap beat reported earnings per share that were two cents better than analysts had estimated.
Coeur d'Alene Mines (CDE | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting an earnings per share loss of 0.01.
Also reporting earnings before the bell Friday morning is Interpublic (IPG | Quote | Chart | News | PowerRating), which is expected announce EPS of 29 cents.
IBM (IBM | Quote | Chart | News | PowerRating) advanced after reaffirming a profit forecast that was more optimistic than anticipated.
Yahoo (YHOO | Quote | Chart | News | PowerRating) reported that its chief financial officer, Blake Jorgensen will be leaving the internet search company. Jorgensen joined Yahoo! in the summer of 2007.
Goldman Sachs (GS | Quote | Chart | News | PowerRating) warned that the S&P 500 could fall to as low as 650 if home values continue to fall.
Upgrades and Downgrades
NDSN, CNP, ARO, SFD, DLTR
THC, PHG, CBY
Downgrades:
AGU, AAUK, TAL, CETV, KWK
Morning News
In Japan the Nikkei 225 closed flat
In Hong Kong the Hang Seng closed down 0.85%
European markets are currently trading higher
Jobless Claims
Durable Goods Orders
New Home Sales
EIA Natural Gas Report
Money Supply
Crude Oil is $43.50 per barrel
Gold is $950 per ounce
Wednesday, February 25, 2009
7 Stocks you need to know for Thursday
The Dow slid 80.05. The Nasdaq
Here are 7 Stocks You Need to Know for Thursday.
Allstate (ALL | Quote | Chart | News | PowerRating) announced that it was cutting its dividend by 51%. The capital-boosting move comes after the insurer's second consecutive quarterly
Apple (AAPL | Quote | Chart | News | PowerRating) CEO Steve Jobs did not attend this year's shareholder meeting, underscoring criticism that the company had not provided sufficient disclosure about Jobs' health.
General Motors (GM | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting EPS of -7.40.
EPS of 17 cents is what analysts are expecting from MGM Mirage (MGM | Quote | Chart | News | PowerRating) when it announces quarterly earnings Thursday morning.
Analysts are estimating that Sears Holding Corporation (SHLD | Quote | Chart | News | PowerRating) will report earnings per share of 2.68 Thursday before the bell.
Dell (DELL | Quote | Chart | News | PowerRating) reports earnings Thursday after the market closes. Analysts are expecting EPS of 26 cents.
Dryships Inc. (DRYS | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings per share of 0.66 when it reports Thursday after the bell.
Upgrades and Downgrades
ALNY, HOO, CB, HR, HITT, SBX
Downgrades:
ASTE, ECLP, MMC, RLH
FSLR, MMC
Morning News
In Japan the Nikkei 225 closed up 2.65%
In Hong Kong the Hang Seng closed up 1.6%
European markets are currently trading higher by 0.5%
Tracking the bear: How bad could it get?
Your Share of Stimulus Tax Breaks
MBA Purchase Applications
Existing Home Sales
Crude Oil is $40.50 per barrel
Gold is $960 per ounce
EIA Petroleum Status Report
Tuesday, February 24, 2009
7 Stocks you need to know for Wednesday
The Dow gained 236.16. The Nasdaq
Here are 7 Stocks You Need to Know for Wednesday.
Home Depot (HD | Quote | Chart | News | PowerRating) announced a quarterly loss Tuesday morning, but traders bid the shares higher insofar as earnings exceeded analyst
Recently added to Goldman Sachs (GS | Quote | Chart | News | PowerRating) "conviction buy list", Dollar Tree (DLTR | Quote | Chart | News | PowerRating) reports quarterly earnings Wednesday morning before the market opens. Analysts are expecting EPS of 1.13.
Continuing to push back against the possibility that his bank will be nationalized, Bank of America (BAC | Quote | Chart | News | PowerRating) CEO Kenneth Lewis insisted again that Bank of America didn't need additional public assistance and was in fact in better shape than its rivals.
EPS of 22 cents is what analysts are expecting to hear from Del Monte (DLM | Quote | Chart | News | PowerRating) when it announces quarterly earnings on Wednesday.
Biogen Idec (BIIB | Quote | Chart | News | PowerRating) is reportedly in talks to buy Acorda Therapeutics (ACOR | Quote | Chart | News | PowerRating). ACOR has developed an experimental treatment for multiple schlerosis that has shown success in early trials.
Upgrades and Downgrades
CCL, RCL, ONXX, ING, ORLY
PHM, TTGT, SUN, MRVL, QCOM
SE, VAL, IHG, ASFI
Downgrades:
MAPP, WRES, ITRN, SFY, WRE, NE
CHRW, TSON, MAPP, DCO, NHYDY
COF, WTV, BRCD, DAI, SWN, MDRX
Morning News
In Japan the Nikkei 225 closed down 1.5%
In Hong Kong the Hang Seng closed down 2.85%
European markets are currently trading down
ICSC-Goldman Store Sales
Consumer Confidence
Stocks in Europe, Asia Drop; MSCI World Index Falls for 11th Straight Day
Citi's road to nationalization
Crude Oil is $38 per barrel
Gold is $989 per barrel
Monday, February 23, 2009
Stocks Trading Up in Pre-Market
INTC, RIMM, MSFT, GOOG, BIDU
C, BAC, JPM, GS, EGLE, UAUA
Upgrades and Downgrades
DRYS, MOT, MYL, ITT, CBY
SNV, STC, COP, XOM, PACR, AMSG
Downgrades:
STO, JCP, ACL, MT, HBAN, MI, ZION
RF, HMSY
Morning News
In Japan the Nikkei 225 closed down 0.54%
In Hong Kong the Hang Seng closed up 3.75%
European markets are currently trading higher by 1-2%
Citi in talks over bigger U.S. stake
Your share of stimulus tax breaks
Obama Bank Nationalization Is Focus of Speculation
Forecasters see higher unemployment for 2009
Crude Oil is $40.50 per barrel
Gold is $988 per ounce
Sunday, February 22, 2009
7 Stocks you need to know for Monday
The Dow lost 100.28. The Nasdaq
Here are 7 Stocks You Need to Know for Monday.
Reporting earnings before the market opens on Monday is Campbell Soup (CPB | Quote | Chart | News | PowerRating). The food company is expected to announce earnings per share of 64 cents.
Goldman Sachs (GS | Quote | Chart | News | PowerRating) placed discount retailer Dollar Tree (DLTR | Quote | Chart | News | PowerRating) on its "conviction buy list" on Friday.
Among the bright spots on Friday was the performance of technology stocks including Dell (DELL | Quote | Chart | News | PowerRating), which was up nearly 3% intraday.
A number of companies are announcing quarterly earnings after the close on Monday. Among them are Hertz Global (HTZ | Quote | Chart | News | PowerRating), which is expected to report EPS of -0.05, Nordstrom (JWM | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 30 cents; and DTE Energy (DTE | Quote | Chart | News | PowerRating). Analysts are expecting earnings per share of 98 cents.
Friday, February 20, 2009
Upgrades and Downgrades
DSX, TEX, GPI, WBMD, FLIR
CUB, NARA, AVA, MXWL
Downgrades:
CQB, MCHX, XRX, LXK, NHP
EGO, CSGP, ZRAN, WRE, MTXX
Morning News
In Japan the Nikkei 225 closed down 1.87%
In Hong Kong the Hang Seng closed down 2.5%
European markets are currently trading down 2-3%
Deflation warning bells ring louder
U.S. sues UBS to disclose secret accounts
Bank of America Chief Lewis Is Said to Be Subpoenaed by New York's Cuomo
Stop Loss is a must-do
Crude Oil is $38 per barrel
Gold is $990 per ounce
Thursday, February 19, 2009
7 Stocks you need to know for Friday
The Dow closed lower by 89.68. The Nasdaq Composite slipped 25.15. And the S&P 500 ended the day down 9.48.
Here are 7 Stocks You Need to Know for Friday.
Reporting quarterly earnings Monday morning is Barrick Gold (ABX | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 30 cents from the mining company.
A pair of retailers are also reporting earnings Friday before the market opens. JC Penny (JCP | Quote | Chart | News | PowerRating) is expected to announce EPS of 92 cents. And analysts are looking for earnings per share of 0.12 from Lowes (LOW | Quote | Chart | News | PowerRating).
Monsanto (MON | Quote | Chart | News | PowerRating) reported that it expected strong profit growth from its seed and genetics programs through the year 2012.
Among the increased holdings in the billionaire George Soros' Soros Fund are commodity stocks Potash Corporation of Saskatchewan (POT | Quote | Chart | News | PowerRating) and Brazilian oil company, Petroleo Brasileiro SA (PBR | Quote | Chart | News | PowerRating).
Typical of the selling in financial stocks was the drop in Bank of America (BAC | Quote | Chart | News | PowerRating), which lost more than 13% on the day.
Morning News
In Japan the Nikkei 225 closed up 0.31%
In Hong Kong the Hang Seng closed up 0.06%
European markets are currently trading up about 0.5%
Jobless Claims
Philadelphia Fed Survey
Leading Indicators
EIA Petroleum Status Report
EIA Natural Gas Report
Money Supply
Crude Oil is $36 per barrel
Gold is trading at $975 per ounce
Wednesday, February 18, 2009
7 Stocks you need to know for Thursday
The Dow gained 3.03. The Nasdaq
Here are 7 Stocks You Need to Know for Thursday.
Reporting earnings Wednesday after the close, Hewlett Packard (HPQ | Quote | Chart | News | PowerRating) announced earnings that were in-line with analyst expectations. Revenue for the first quarter was less than expected and the stock moved lower immediately after the earnings
Expedia Inc. (EXPE | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting earnings per share of 22 cents.
Also announcing fourth quarter earnings Thursday before the bell are a pair of gold mining companies. Goldcorp (GG | Quote | Chart | News | PowerRating) is expected to report earnings per share of 12 cents. Newmont Mining Corporation (NEM | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.26.
51 cents per share is what analysts are expecting from Hormel Foods (HRL | Quote | Chart | News | PowerRating) when it reports quarterly earnings Thursday morning.
Analysts are expecting a loss of three cents per share when Sprint Nextel (S | Quote | Chart | News | PowerRating) announces quarterly earnings Thursday before the market opens.
Tesoro (TSO | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday after the market closes. Analysts are expecting EPS of 91 cents.
Upgrades and Downgrades
CATY, S, TBI, FOSL, OMCL, DT
WMS, ROCK, CPRT, MOD, ACC
SNN, FFBC
Downgrades:
ARNA, AMX, VQ, SPSS, ENTG
Morning News
In Japan the Nikkei 225 closed down 1.5%
In Hong Kong the Hang Seng closed up 0.5%
European markets are trading lower
MBA Purchase Applications
ICSC-Goldman Store Sales
Import and Export Prices
Redbook
EIA Petroleum Status Report
FOMC Minutes
Crude Oil is $35 per barrel
Gold is $965 per ounce
7 Stocks you need to know for Wednesday
The Dow fell 297.81. The Nasdaq
Here are 7 Stocks You Need to Know for Wednesday.
Deere (DE | Quote | Chart | News | PowerRating) is expected to announce earnings per share of 63 cents when it reports earnings Wednesday before the open.
EPS of 1.32 is what analysts are expecting to hear from Baidu.com (BIDU | Quote | Chart | News | PowerRating) when it reports quarterly earnings Wednesday after the market closes.
General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler presented their mandated restructuring plans to Congress after the market closed on Tuesday. The plans included job and wage cuts, consolidation or elimination of product lines and a number of other cost-cutting measures.
The big earnings story on Wednesday will undoubtedly be the report form Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) which is scheduled for Wednesday after the closing bell. Analysts are expecting earnings per share of 93 cents.
Also reporting quarterly earnings after the bell on Wednesday is Whole Foods Market (WFMI | Quote | Chart | News | PowerRating). Whole Foods is expected to announce EPS of 15 cents.
Stabilizing sales of heart defibrillators were among the factors Medtronic Inc. (MDT | Quote | Chart | News | PowerRating) CEO William Hawkins credited for the company's strong earnings performance, which beat analyst estimates by one cent on Tuesday.
Reporting quarterly earnings Wednesday before the market opens, Comcast Corporation (CMCSA | Quote | Chart | News | PowerRating) is expected to announce EPS of 22 cents.
Tuesday, February 17, 2009
Upgrades and Downgrades
E, BT, ETR, CHA, HOT
MAR, HST
Downgrades:
BPZ, GOOG, LYG, DEO, DAI
CHL, FARO
Morning News
In Japan the Nikkei 225 closed down 1.35%
In Hong Kong the Hang Seng closed down 3.8%
European markets are currently trading down 2.5%
Wal-Mart Profit Falls Less Than Analysts Estimated on Food, Drug Discounts
Empire State Mfg Survey
State Street Investor Confidence
Housing Market Index
Crude Oil is $37 per barrel
Gold is up $20 per ounce and is $962 per ounce
Monday, February 16, 2009
7 Stocks you need to know for Tuesday
The Dow lost 82.35. The Nasdaq Composite ended the day down 7.35. And the S&P 500 finished lower by 8.35.
Here are 7 Stocks You Need to Know for Tuesday.
Reporting quarterly earnings on Tuesday before the market opens is Wal-Mart (WMT | Quote | Chart | News | PowerRating), which is expected to announce EPS of 99 cents.
Also announcing earnings Tuesday morning is Transocean Inc. (RIG | Quote | Chart | News | PowerRating). The drilling and exploration company is expected to report earnings per share of 3.70.
JP Morgan Chase & Company (JPM | Quote | Chart | News | PowerRating) and Citigroup (C | Quote | Chart | News | PowerRating) announced that they would be suspending home foreclosures until March. The deal was part of a pledge the firms made to Congress.
A number of financial media outlets including Bloomberg Television reported that Bank of America (BAC | Quote | Chart | News | PowerRating) will be separating its corporate banking operations from its investment banking business. The report was made late in the trading day on Friday.
Teva Pharmaceuticals (TEVA | Quote | Chart | News | PowerRating) is expected to announce quarterly earnings per share of 73 cents when it reports on Tuesday.
Wells Fargo (WFC | Quote | Chart | News | PowerRating) announced that its fourth quarter loss was actually larger than originally reported. The revision results in an EPS decrease of five cents.
Friday, February 13, 2009
Upgrades and Downgrades
WINN, PFCB, PPS, GLT, ATMI, WFR
TXN, ISIL, RAH, SPIL, ASX, UMC, STM
ASML, WOOF, PRAA, SIGM
Downgrades:
TTGT, EGLE, CAKE, XNPT, EDU, VAL
RIMM, ENI, LNCR, NICE, NOVA, BWA
Morning News
In Japan the Nikkei 225 closed up 1%
In Hong Kong the Hang Seng closed up 2.5%
European markets are currently trading higher by 1-2%
Car buying stimulus may not help
Toyota trims production further
PepsiCo Fourth-Quarter Profit Falls on Writedowns, Costs for Restructuring
Consumer Sentiment
Crude Oil is $34 per barrel
Gold is $941 per ounce
Thursday, February 12, 2009
7 Stocks you need to know for Friday
The Dow fell 6.77. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) reports quarterly earnings Friday morning before the market opens. Analysts are expecting EPS of 1.00.
Also reporting earnings on Friday before the bell is PepsiCo (PEP | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 88 cents.
A number of restaurants reported earnings after the bell on Thursday including Cheesecake Factory (CAKE | Quote | Chart | News | PowerRating) which announced EPS of 15 cents, beating analyst estimates by a penny.
Wells Fargo (WFC | Quote | Chart | News | PowerRating) announced after the close on Thursday that it was taking a charge of more than $320 million and cutting 2008 earnings per share by five cents.
Blaming the weak global economy and botched acquisition deals, Dow Chemical (DOW | Quote | Chart | News | PowerRating) announced that it was cutting its dividend for the first time in more than 90 years.
What stocks were advancing on Thursday? Coca Cola (KO | Quote | Chart | News | PowerRating) gained more than 7% after reporting earnings that were not as bad as feared on Thursday. Also higher on the day was Valero Energy Corporation (VLO | Quote | Chart | News | PowerRating), which had its target price raised by Goldman Sachs to $25 from $18.
Upgrades and Downgrades
BWLD, DFT, GRMN, PFE, NOC
AXYS, LHCG
Downgrades:
OMX, TGH, QGEN, SKYW, TGH
SUNH, GIL, LVLT, GSIC, PBR
NYX, SAP, PACR, TAL
Morning News
In Japan the Nikkei 225 closed down 3%
In Hong Kong the Hang Seng closed down 2.3%
European markets are currently trading down 1-2%
Jobless Claims
RBC CASH Index
Business Inventories
EIA Natural Gas Report
Money Supply
Crude Oil is $35.60 per barrel
Gold is $942.50 per ounce
7 Stocks you need to know for Thursday
The Dow advanced by 50.65. The Nasdaq Composite gained 5.77. And the S&P 500 ended the day up 6.58.
Here are 7 Stocks You Need to Know for Thursday.
Aetna (AET | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday before the market opens. Analysts are expecting earnings per
Also reporting earnings on Thursday is Coca Cola (KO | Quote | Chart | News | PowerRating), which is expected to announce EPS of 0.61.
Marriott (MAR | Quote | Chart | News | PowerRating) and Wynn Resorts (WYNN | Quote | Chart | News | PowerRating) both report quarterly earnings on Thursday. Analysts are expecting earnings per share of 39 cents from Marriott before the bell and EPS of 46 cents from Wynn Resorts after the close.
Goldman Sachs (GS | Quote | Chart | News | PowerRating) added Best Buy (BBY | Quote | Chart | News | PowerRating) to its "conviction buy" list on Wednesday. The implosion of competitor Circuit City was among the reasons cited for bullishness on the stock.
Shares of Sirius XM Radio (SIRI | Quote | Chart | News | PowerRating) plunged on Wednesday on concerns that the company might fail to meet upcoming debt payments and may instead pursue bankruptcy protection.