Thursday, April 30, 2009
Upgrades and Downgrades
FTE, PX, PZN, SHO, HST,
SNY, FPO
Downgrades:
VIP, RAI, ARLP, GT, COST
PAS, ENDP, PKY, ROK, MDAS
ITRI
Morning News
In Japan the Nikkei 225 closed up 3.94%
In Hong Kong the Hang Seng closed up 3.77%
European markets are trading higher by 2%
Jobless Claims
Employment Cost Index
Chicago PMI
Farm Prices
President Obama Speech
Crude Oil is $51.80 per barrel
Gold is $891 per ounce
7 Stocks you need to know for Thursday
Here are 7 Stocks You Need to Know for Thursday.
Among the companies reporting quarterly earnings after the close on Wednesday were Starbucks (SBUX | Quote | Chart | News | PowerRating) and Visa (V | Quote | Chart | News | PowerRating). Starbucks reported per share earnings of 16 cents, topping analyst estimates by a penny. EPS of 73 cents from Visa beating analyst estimates by eight cents.
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An upgrade of the group rating for the banking sector by a major global investment bank helped spur buying in shares of both Citigroup (C | Quote | Chart | News | PowerRating) and Bank of America (BAC | Quote | Chart | News | PowerRating), both of which had become increasingly oversold over the past few days. Citigroup added nearly 8% on the day. Bank of America rallied more than 6%.
Exxon Mobil (XOM | Quote | Chart | News | PowerRating) is one of a large number of companies announcing quarterly earnings before the market opens on Thursday. Analysts are expecting EPS of 0.96.
Kellogg Company (K | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 78 cents before the market opens Thursday morning. Motorola (MOT | Quote | Chart | News | PowerRating), also reporting before the bell on Thursday, is expected to report an EPS loss of 11 cents.
Wednesday, April 29, 2009
Upgrades and Downgrades
DNDN, BOBE, POR, HMA, AMX
HALO, VRAD
Downgrades:
DDMX, ARB, ZUMZ, TSS, WSO
KWR, SSW, SFD, DB, M, CBAK
HXL, FPL
Morning News
In Japan the Nikkei 225 closed down 2.7%
In Hong Kong the Hang Seng closed up 2.75%
European markets are currently trading higher by 1%
MBA Purchase Applications
GDP
Treasury Refunding Announcement
EIA Petroleum Status Report
FOMC Meeting Announcement
Crude Oil is $50.75 per barrel
Gold is $897 per ounce
7 Stocks you need to know for Wednesday
The Dow closed down 8.05. The Nasdaq
Here are 7 Stocks You Need to Know for Wednesday.
Among a number of companies reporting quarterly
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Also expected to announce earnings before the bell on Wednesday are health
EPS of 1.47 is what General Dynamics (GD | Quote | Chart | News | PowerRating) is expected to report when it announces quarterly earnings Wednesday morning before the open.
Traders on Wednesday also will likely be focusing on the shares of two companies reporting earnings after the close. Starbucks (SBUX | Quote | Chart | News | PowerRating) is expected to report per share earnings of 15 cents. 64 cents is what analysts are expecting from Visa Inc. (V | Quote | Chart | News | PowerRating).
Tuesday, April 28, 2009
Upgrades and Downgrades
TPX, EAT, KNSY, UHS, KWK
OMC
Downgrades:
ISRG, BEAV, BF.A, CHKP, FST
BJS, HP, EP, ARLP
Morning News
In Japan the Nikkei 225 closed down 2.67%
In Hong Kong the Hang Seng closed down 1.92%
European markets are currently trading down 2%
Commodities Fall on Swine Flu Outbreak
ICSC-Goldman Store Sales
Redbook
Consumer Confidence
Equity Settlements
Crude Oil is $48.90 per barrel
Gold is $898.50 per ounce
7 Stocks you need to know for Tuesday
The Dow edged lower by 51.29. The Nasdaq Composite lost 14.88. And the S&P 500 finished down 8.72.
Here are 7 Stocks You Need to Know for Tuesday.
Citi Investment Research analyst upgraded shares of Netflix Inc. (NFLX | Quote | Chart | News | PowerRating) from "hold" to "buy" citing the stock's recent pullback. Netflix earned a PowerRatings upgrade to 8 last Thursday and gained more than 8% on Monday.
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General Motors (GM | Quote | Chart | News | PowerRating) announced on Monday that it would be eliminating its Pontiac division by the end of 2010 and its Saturn unit by the end of 2009. The automaker also said that it was offering equity stakes to bondholders in lieu of cash in an effort to stave off bankruptcy.
Among the companies reporting quarterly earnings on Tuesday are two health care related corporations: Pfizer (PFE | Quote | Chart | News | PowerRating) and Bristol-Myers Squibb (BMY | Quote | Chart | News | PowerRating). Pfizer is expected to announce quarterly EPS of 48 cents. Per share earnings of 47 cents are what analysts are expecting to hear from Bristol-Myers.
U.S. Steel (X | Quote | Chart | News | PowerRating) is expected to announce earnings per share loss of 1.67 before the bell Tuesday morning.
Scheduled to report earnings after the market closes on Tuesday is Sun Microsystems, which recently agreed to be acquired by Oracle Corporation (ORCL | Quote | Chart | News | PowerRating).
Vertex Pharmaceuticals (VRTX | Quote | Chart | News | PowerRating) soared by more than 8% late in trading on Monday due not to the concerns over the swine flu, but because of the company's success in fighting Hepatitis C.
Monday, April 27, 2009
Upgrades and Downgrades
DVA, MMM, AZN, ARMH, IDTI
SWK, ETR, BMR
Downgrades:
BJS, LHO, DRH, MAR, HST, WFMI
TKC, CASY, EXAC, JOYG, BUCY
KNDL, EDE, EGP
Morning News
In Japan the Nikkei 225 closed up 0.21%
In Hong Kong the Hang Seng closed down 2.75%
European markets are currently trading down by 1%
Futures dive on flu fears
Chrysler wins union concessions
Equity Settlements
FOMC meeting begins
Crude Oil is $49 per barrel
Gold is $914 per ounce
Sunday, April 26, 2009
7 Stocks you need to know for Monday
The Dow finished ahead by 119.23. The Nasdaq
Here are 7 Stocks You Need to Know for Monday.
Honda Motor Company Ltd. (HMC | Quote | Chart | News | PowerRating) is expected to report an EPS loss of 1.15 Monday morning before the market opens.
EPS of 32 cents is what analysts are expecting to hear from Qualcomm (QCOM | Quote | Chart | News | PowerRating) when it reports quarterly
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Better than expected news from Ford Motor Company (F | Quote | Chart | News | PowerRating) and the notion that the company will take market share from rivals General Motors (GM | Quote | Chart | News | PowerRating) and Chrysler helped send the stock higher by more than 16% late in trading on Friday.
Per share earnings of 1.03 is what Sohu.com (SOHU | Quote | Chart | News | PowerRating) is expected to report Monday morning before the open.
Also reporting quarterly earnings Monday morning before the market opens is Verizon Communications (VZ | Quote | Chart | News | PowerRating). Analysts are expecting to hear EPS of 59 cents when the company
Shares of Microsoft (MSFT | Quote | Chart | News | PowerRating) soared by more than 10% intraday as traders cheered earnings news that was not as bad as analysts had feared.
Apr - 26 Next Round of Breakouts
Friday, April 24, 2009
Upgrades and Downgrades
NTY, NVO, INFA, MTSN, RIMM
CAKE, CS, ACN, AMGN, HURN
Downgrades:
UPS, PTR, ECBE, NIHD, CIT, COLM
CIT, MAR, CMG, DV, SPWRA, CCO
LAMR, LINC, OMTR, RX, TOL, SSW
DAC
Morning News
In Japan the Nikkei 225 closed down 1.57%
In Hong Kong the Hang Seng closed up 0.30%
European markets are currently trading higher by 2%
Durable Goods Orders
New Home Sales
President Obama Speech
Goods Orders in U.S. Probably Fell, New Home Sales Stagnated
Crude Oil is $50 per barrel
Gold is $911.60 per ounce
7 Stocks you need to know for Friday
The Dow gained 70.49. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Amazon.com (AMZN | Quote | Chart | News | PowerRating) reported quarterly per share earnings of 41 cents after the market closed on Thursday. The Internet retailer beat estimates by ten cents.
Also announcing after the bell on Thursday was American Express (AXP | Quote | Chart | News | PowerRating) and Microsoft (MSFT | Quote | Chart | News | PowerRating). American Express reported per share earnings of 32 cents, smashing analyst estimates by nearly 20 cents. Microsoft met analyst expectations with a quarterly EPS of 39 cents.
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New York Attorney General Andrew Cuomo said that Bank of America (BAC | Quote | Chart | News | PowerRating) had been pressured by both former Treasury Secretary Henry Paulson and current Federal Reserve Board Chairman Ben Bernanke not to pull out of their deal to acquire Merrill Lynch.
Among the companies reporting earnings Friday morning before the market opens is Ford Motor Company (F | Quote | Chart | News | PowerRating), which is expected to report EPS of -1.26, and Schlumberger (SLB | Quote | Chart | News | PowerRating), which is expected to announce per share earnings of 77 cents.
Closing higher for a third day in a row and up more than 19% on Thursday was Capital One Financial (COF | Quote | Chart | News | PowerRating).
Thursday, April 23, 2009
Upgrades and Downgrades
AAPL, LHO, PX, BRCD, WGOV
Downgrades:
MXB, VMW, DKS, PUK, CTXS, FFIV
WBS, PPDI, HUBG
Morning News
In Japan the Nikkei 225 closed up 1.37%
In Hong Kong the Hang Seng closed up 2.25%
European markets are currently trading higher
Jobless Claims
Money Supply
Crude Oil is $49.50 per barrel
Gold is $895 per ounce
7 Stocks you need to know for Thursday
The Dow lost 82.99. The Nasdaq Composite gained 2.27. And the S&P 500 fell by 6.53.
Here are 7 Stocks You Need to Know for Thursday.
Apple (AAPL | Quote | Chart | News | PowerRating) announced quarterly earnings of 1.33 Wednesday after the market closed, beating analyst estimates by more than 20 cents per share
Also reporting earnings after the bell on Wednesday were eBay (EBAY | Quote | Chart | News | PowerRating) and Yum! Brands(YUM | Quote | Chart | News | PowerRating). eBay announced EPS of 39 cents. Yum! Brands reported quarterly earnings per share of 48 cents. Both companies beat analyst estimates.
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Among the companies reporting earnings Thursday morning before the market opens are ConocoPhillips (COP | Quote | Chart | News | PowerRating), Chicago Mercantile Exchange (CME | Quote | Chart | News | PowerRating) and United Parcel Service (UPS | Quote | Chart | News | PowerRating). ConocoPhillips is expected to report EPS of 0.47. CME is expected to report per share earnings of 3.27. And analysts are expecting to hear earnings per share of 0.57.
Being added to Goldman Sachs' buy list based on likely gains in market share was good news for Ford Motor Company (F | Quote | Chart | News | PowerRating), which gained more than 13% on Wednesday.
Wednesday, April 22, 2009
Upgrades and Downgrades
DNDN, CAT, ANDE, HSII, RHI, CITP
Downgrades:
VOCS, AKS, DT, MTB, CMA, CRH
EXP, DT, BJS, HAL, PRU, AFL, XLNX
HST, HT, HOT, MAR, NBR, ADVS, DGX
Morning News
In Japan the Nikkei 225 closed up 0.20%
In Hong Kong the Hang Seng closed down 2.7%
European markets are currently trading higher
MBA Purchase Applications
Crude Oil is $48.75 per barrel
Gold is $887 per ounce
Tuesday, April 21, 2009
7 Stocks you need to know for Wednesday
Although Apple (AAPL | Quote | Chart | News | PowerRating) and eBay (EBAY | Quote | Chart | News | PowerRating) are scheduled to report earnings after the close on Wednesday, there are a number of stocks making earnings announcements before the bell.
The Dow closed higher by 127.83. The Nasdaq
Here are 7 Stocks You Need to Know for Wednesday.
Reporting earnings after the close on Tuesday, Yahoo! (YHOO | Quote | Chart | News | PowerRating) announced per share earnings of 0.08, in line with expectations.
A large number of key stocks are reporting quarterly
Are you ready to take your trading to another level in 2009? Join Larry Connors Thursday, April 23rd at 4:30 p.m. Eastern for a special presentation introducing the 6th Swing Trading College. A special emphasis on high probability ETF trading makes this free presentation a must-attend event. Click here to save your spot!
Among the financial companies reporting earnings before the bell on Wednesday is Wells Fargo (WFC | Quote | Chart | News | PowerRating). Earnings per
Industrial and materials stocks will be represented in Wednesday's pre-market earnings reports, as well. For the industrials, Boeing (BA | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 0.96. In the earnings spotlight for the basic materials sector will be Freeport McMoran Copper & Gold (FCX | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 0.13 from Freeport McMoran.
AT&T (T | Quote | Chart | News | PowerRating) reports earnings Wednesday morning before the bell. Analysts are expecting EPS of 50 cents.
Morning News
In Japan the Nikkei 225 closed down 2.4%
In Hong Kong the Hang Seng closed down 3%
European markets are currently flat
ICSC-Goldman Store Sales
Redbook
State Street Investor Confidence Index
President Obama Speech
Bank Reserve Settlement
Equity Settlements
Crude Oil is $45.90 per barrel
Gold is $887 per ounce
7 Stocks you need to know for Tuesday
The Dow lost 289.60. The Nasdaq
Here are 7 Stocks You Need to Know for Tuesday.
Oracle (ORCL | Quote | Chart | News | PowerRating) has agreed to buy Sun Microsystems (JAVA | Quote | Chart | News | PowerRating) for $7.4 billion, the company announced Monday morning.
A number of companies are reporting quarterly
IBM (IBM | Quote | Chart | News | PowerRating) beat analyst
23 cents is what analysts are expecting to hear from TD Ameritrade Holding Corporation (AMTD | Quote | Chart | News | PowerRating), when it reports quarterly earnings Tuesday morning.
Among those companies reporting quarterly earnings after the market closes on Tuesday is Yahoo! (YHOO | Quote | Chart | News | PowerRating). Analysts are expecting to hear earnings per share of 8 cents from the internet company.
Monday, April 20, 2009
Upgrades and Downgrades
ATMI, MKSI, PTP, LVS, JNJ
AMP, AMZN, SKS, PG, ZION
BEBE, KG, RS
Downgrades:
UTHR, GRNB, ENR, AB, TNDM
ROP, JNPR, CRL, DYN
Morning News
In Japan the Nikkei 225 closed up 0.20%
In Hong Kong the Hang Seng closed up 1%
European markets are currently trading down by 2%
GlaxoSmithKline to buy Stiefel Labs for $2.9 Billion
Bank of America set to report earnings before the bell
IBM set to report earnings after the bell today
Eli Lilly will report earnings today
Leading Indicators
Equity Settlements
Crude Oil is $48.35 per barrel
Gold is $871.25 per ounce
Sunday, April 19, 2009
7 Stocks you need to know for Monday
The Dow closed higher by 5.90. The Nasdaq
Here are 7 Stocks You Need to Know for Monday.
Gains from its energy and industrial divisions helped General Electric (GE | Quote | Chart | News | PowerRating) overcome steep losses in real
Also beating estimates on Friday was Citigroup (C | Quote | Chart | News | PowerRating). Both trading profits and changes in accounting
Bank of America (BAC | Quote | Chart | News | PowerRating) is expected to report quarterly earnings of five cents per share Monday morning before the market opens.
99 cents is what analysts are expecting from Eli Lilly and Company (LLY | Quote | Chart | News | PowerRating) when the pharmaceutical company reports quarterly earnings Monday morning before the bell.
Halliburton (HAL | Quote | Chart | News | PowerRating) is expected to announce EPS of 0.44 Monday morning before the open.
Among the companies reporting earnings after the market closes on Monday is Netflix (NFLX | Quote | Chart | News | PowerRating), which is expected to announce per share earnings of 32 cents.
Amazon.com (AMZN | Quote | Chart | News | PowerRating) said on Friday that sales of its electronic book reader, Kindle, have greatly surpassed expectations.
Friday, April 17, 2009
Upgrades and Downgrades
PH, DRYS, ZUMZ, FAF, MHP
PTIE, NOK, CHIC, ABC, FIS
Downgrades:
SOHU, PALM, CYT, BBV, BWA,
ITW, OFIX, JPM, ABG
Morning News
In Japan the Nikkei 225 closed up 1.75%
In Hong Kong the Hang Seng closed flat
European markets are currently trading higher by 1%
Consumer Sentiment
Federal Reserve Chairman Ben Bernanke Speech
Crude Oil is currently $49.80 per barrel
Gold is $872.50 per ounce
7 Stocks you need to know for Friday
The Dow gained 95.81. The Nasdaq
Here are 7 Stocks You Need to Know for Friday.
Google (GOOG | Quote | Chart | News | PowerRating) reported quarterly
"RST" is the ticker symbol for Rosetta Stone (RST | Quote | Chart | News | PowerRating) which debuted on Thursday with a rally of more than 40%.
Citigroup (C | Quote | Chart | News | PowerRating) is among the companies announcing quarterly earnings Friday morning. Analysts are expecting an earnings per share loss of 24 cents. Also reporting before the bell Friday morning are Mattel Inc. (MAT | Quote | Chart | News | PowerRating), which is expected to report a loss of 13 cents per share, and Overstock.com (OSTK | Quote | Chart | News | PowerRating), which is expected to announce an EPS loss of 26 cents.
GlaxoSmithKline (GSK | Quote | Chart | News | PowerRating) and Pfizer (PFE | Quote | Chart | News | PowerRating) announced plans to merge their HIV-drug units in a move that would give the combined entity nearly 20% of the market for anti-HIV drugs.
Thursday, April 16, 2009
Morning News
In Japan the Nikkei 225 closed flat
In Hong Kong the Hang Seng closed down 0.55%
European markets are currently trading higher
Jobless Claims
Housing Starts
Philadelphia Fed Survey
EIA Natural Gas Report
Money Supply
Crude Oil is $49.50 per barrel
Gold is $890.50 per ounce
7 Stocks you need to know for Thursday
Here are 7 Stocks You Need to Know for Thursday.
Harley-Davidson (HOG | Quote | Chart | News | PowerRating) reports quarterly earnings Thursday morning before the market opens. Analysts are expecting EPS of 52 cents.
Also reporting earnings before the bell on Thursday are JP Morgan Chase (JPM | Quote | Chart | News | PowerRating), which is expected to announce earnings per share of 31 cents, and Southwest Airlines (LUV | Quote | Chart | News | PowerRating), which is expected to report per share earnings of three cents.
Procter & Gamble (PG | Quote | Chart | News | PowerRating) announced an increase in its quarterly dividend to 44 cents per share, an increase of 10%. The stock was higher on Wednesday after closing lower for four out of the past five trading days.
After a brief one-day pullback, American Express (AXP | Quote | Chart | News | PowerRating) soared higher on Wednesday, gaining more than 11% and closing in on its 200-day moving average.
EPS of 4.21 or better is what analysts are hoping to hear from Google (GOOG | Quote | Chart | News | PowerRating) when it reports quarterly earnings after the market closes on Thursday.
After the market closes on Thursday, Intuitive Surgical (ISRG | Quote | Chart | News | PowerRating) is expected to announced quarterly earnings of 1.05.
Wednesday, April 15, 2009
Morning News
In Japan the Nikkei 225 closed down 1.15%
In Hong Kong the Hang Seng closed up 0.57%
European markets are currently trading lower by 0.5%
MBA Purchase Applications
Empire State Mfg Survey
Consumer Price Index
Treasury International Capital
Industrial Production
EIA Petroleum Status Report
Housing Market Index
Beige Book
Crude Oil is $50.50 per barrel
Gold is $896 per ounce