Sunday, May 31, 2009

7 Stocks you need to know for Monday

The Dow gained 96.53. The Nasdaq Composite ended the day up 22.54. And the S&P 500 closed ahead 12.31.

Here are 7 Stocks You Need to Know for Monday.

Shares of Dell (DELL | Quote | Chart | News | PowerRating) gapped higher and pulled back on Friday. The computer maker reported quarterly earnings Thursday after the close that narrowly beat analyst estimates.

By an overwhelming vote, the United Auto Workers approved a new labor agreement with General Motors (GM | Quote | Chart | News | PowerRating). The deal will make it easier for the automaker to meet its government-mandated restructuring requirements.

Among the better performing Dow stocks on Friday was Coca Cola (KO | Quote | Chart | News | PowerRating), which has closed higher for 10 out of the past 11 sessions. The stock gained more than 4% on Friday, closing at its highest level since October 2008.

Rallying to its highest closing levels since January were shares of McDonald's (MCD | Quote | Chart | News | PowerRating), up more than 1% on Friday.

A 2% pop in Microsoft (MSFT | Quote | Chart | News | PowerRating) helped the stock close above its 200-day moving average for the first time in more than a year.

Conversely, pulling back above their 200-day moving averages on Friday were both Cisco Systems (CSCO | Quote | Chart | News | PowerRating) and Intel (INTC | Quote | Chart | News | PowerRating).

Friday, May 29, 2009

May 29 - Before the Open

Stocks Trading Up in Pre-Market

DPTR, NOVL, STSI, GOLD, OVTI

RYAAY, EXEL, EGLE, PALM, DRYS

AAPL, YHOO

Upgrades and Downgrades

Upgrades:

SNI, CBS, ODP, MS, LXK

PII, VE, ARJ, WINN

Downgrades:

BKC, LVLT

Stocks to Watch

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 0.75%

In Hong Kong the Hang Seng closed up 1.60%

European markets are currently trading higher

GDP

Chicago PMI

Consumer Sentiment

Farm Prices

Crude Oil is $66 per barrel

Gold is $977 per ounce

Stock Tiger Video

7 Stocks you need to know for Friday

The Dow ended the day up 103.78. The Nasdaq Composite finished higher by 20.71. And the S&P 500 gained 13.77.

Here are 7 Stocks You Need to Know for Friday.

Reporting quarterly earnings after the bell on Thursday, Dell (DELL | Quote | Chart | News | PowerRating) beat analyst estimates by a penny. Sales were a bit below expectations. The stock had been trending higher over the course of trading on Thursday, up more than 2% and increasingly overbought below its 200-day moving average.

Microsoft (MSFT | Quote | Chart | News | PowerRating) CEO Steve Ballmer introduced a new search engine called "Bing," which is part of the software giant's attempt to take on Google (GOOG | Quote | Chart | News | PowerRating) in the online space. "Bing" will be available on June 3. Shares of Microsoft were higher on Thursday and are again overbought below their 200-day moving average. Google, trading above its 200-day moving average, was up more than 1% on the day.

Tiffany's & Co. (TIF | Quote | Chart | News | PowerRating) is expected to announce quarterly per share earnings of 0.19 when it reports Friday morning before the market opens. Trading wide and loose on Thursday, the stock settled in neutral territory above its 200-day moving average, down moderately on the day.

Also reporting quarterly earnings before the bell on Friday is the Royal Bank of Canada (RY | Quote | Chart | News | PowerRating). Analysts are expecting per share earnings of 80 cents from the financial company, which traded higher on Thursday by more than 3%.

A new offer from General Motors (GM | Quote | Chart | News | PowerRating) bondholders won't prevent the automaker's bankruptcy. But the deal will allow GM to participate in preferred government-sponsored restructuring.

Time Warner (TWX | Quote | Chart | News | PowerRating) gained more than 3% on Thursday as traders cheered news that the media company would be spinning off AOL near the end of 2009.

Thursday, May 28, 2009

May 28 - Before the Open

Stocks Trading Up in Pre-Market

ANPI, EXEL, RYAAY, MAPP, SNDK

RIMM, GOLD, SQNM, DRYS, VNDA

Upgrades and Downgrades

Upgrades:

KMX, SNY, SVVS, WERN

Downgrades:

CAT, CSUN, DVN, DDS, ETN

FTI, GGB, ITW, JWN, PH

RVBD, SKS, SDXC, UNFI

Stocks to Watch

Morning News

Futures are pointing to a higher open

European markets are currently trading lower

The Next Real Estate Bust?


Costco earnings slip as sales drop

Jobless Claims

Durable Goods Orders

New Home Sales

EIA Status Report Gas/Petroleum

Money Supply

Crude Oil is $63.50 per barrel

Gold is $952.50 per ounce

Stock Tiger Video

7 Stocks you need to know for Thursday

The Dow lost 173.47. The Nasdaq Composite ended the day down 19.35. And the S&P 500 fell 17.27.

Here are 7 Stocks You Need to Know for Thursday.

The inability to resolve concerns by bondholders has turned traders and investors negative on General Motors (GM | Quote | Chart | News | PowerRating) and makes bankruptcy almost inevitable. Shares of the stock were down more than 11% intraday on Wednesday.

Among the companies reporting quarterly earnings Thursday before the market opens are Big Lots (BIG | Quote | Chart | News | PowerRating) and H.J. Heinz (HNZ | Quote | Chart | News | PowerRating). Analysts are expecting per share earnings of 40 cents from Big Lots, and EPS of 54 cents from Heinz.

BIG pulled back above its 200-day moving average on Wednesday in advance of its earnings report. By contrast, shares of H.J. Heinz are increasingly overbought below their 200-day moving average.

Thursday's biggest earnings news may be made by Dell (DELL | Quote | Chart | News | PowerRating), which reports quarterly earnings after the bell. Per share earnings of 23 cents is what analysts are expecting from the PC maker. Dell shares are also becoming more and more overbought below the 200-day moving average.

Bank of America (BAC | Quote | Chart | News | PowerRating) announced that it had raised a total of $26 billion by converting preferred shares into common stock. The effort leaves Bank of America more than 75% of the way toward meeting its government-mandated capital requirements. Neither oversold nor overbought below its 200-day moving average, shares of BAC have traded in a $1 range for the past several days.

Yahoo (YHOO | Quote | Chart | News | PowerRating) CEO Carol Bartz suggested on Wednesday that a deal with Microsoft (MSFT | Quote | Chart | News | PowerRating) would be possible with the right technology, information sharing and 'boatloads of money'. Shares of Yahoo were pulling back above their 200-day moving average on Wednesday while Microsoft continued to trade largely sideways in neutral territory below its 200-day.

Wednesday, May 27, 2009

May 27 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, OPWV, SNDK, SQNM, SOLF

DRYS, MAPP, GOLD, MPEL, VNDA

Upgrades and Downgrades

Upgrades:

TLK, IIT, NWN, CSA, PCZ,

VLTR, LVS, WLP, MAPP

RF, ISLE, ASCA, SYMC

Downgrades:

CTXS, BMR, RAVN, BIG, HMY

MRO, CAE

AAPL CHART



Apple breaks out over $133 per share so keep it on the trading radar.

Stocks to Watch

Morning News

Futures are currently flat

In Japan the Nikkei 225 closed up 1.37%

In Hong Kong the Hang Seng closed up 5.25%

European markets are currently flat

MBA Purchase Applications

Goldman Store Sales

Redbook

Existing Home Sales

EIA Petroleum Status Report

Crude Oil is $63 per barrel

Gold is $951 per ounce

May 26th Market Recap

Stock Tiger Video

7 Stocks you need to know for Wednesday

The Dow gained 196.17. The Nasdaq Composite added 58.42. And the S&P 500 closed higher by 23.33.

Here are 7 Stocks You Need to Know for Wednesday.

Growing sentiment that the market might actually welcome a bankruptcy filing from General Motors (GM | Quote | Chart | News | PowerRating) helped the stock rally on early on Tuesday before reversing dramatically to close well of its intraday highs.

A number of retailers are announcing quarterly earnings Wednesday morning before the market opens. American Eagle Outfitters (AEO | Quote | Chart | News | PowerRating) is expected to announce EPS of 7 cents. Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating) is expected to report per shares earnings of 39 cents. And, at the other end of the spectrum, analysts are expecting per share earnings of 59 cents from Dollar Tree Stores (DLTR | Quote | Chart | News | PowerRating).

AEO was up more than 6% on Tuesday, rallying from two day's of oversold conditions above the 200-day moving average. Also advancing after moving sideways for the past two days was Polo Ralph Lauren, up nearly 3% in advance of its earnings report. For its part, DLTR rallied by more than 4%.

Also reporting earnings Wednesday morning is Staples Inc. (SPLS | Quote | Chart | News | PowerRating). 21 cents per share is what analysts are expecting to hear from the office supplies retailer, which was up more than 5% on Tuesday.

Among the Dow stocks trading above their 200-day moving averages that have been pulling back in recent days is American Express (AXP | Quote | Chart | News | PowerRating), which was up more than 4% intraday on Tuesday, and IBM (IBM | Quote | Chart | News | PowerRating) which gained more than 3% after closing lower for three consecutive trading days above its 200-day moving average.

Tuesday, May 26, 2009

May 26 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, BCRX, OXGN, QGEN, ONNN

ALTH, FEED, GOLD, DRYS, UTHR

PALM, CYTK

Upgrades and Downgrades

Upgrades:

YGE, Q, AEIS, PFG, AVID, SFG

JOYG, BUCY, NBL, OXY, PT, VCP

ERIC, PNW, HIBB, CSH, SWN, NOVN

CBEY, BAC, MBFI

Downgrades:

JCG, EXFO, UPL, EOG, REP

MWW, ESLT, FSLR, ARBA

Earnings for May 26th

Economic Data for the Week

Nasdaq Weekly Chart

The Nasdaq weekly shows the run to the resistance and now has backed off some. RSI and stochastics are pointing down at the close of the week.

Stock Tiger Video

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.4%

In Hong Kong the Hang Seng closed down 0.75%

European markets are currently trading lower

GM's tough road to avoid bankruptcy


S&P Case-Shiller HPI

State Street Investor Confidence Index

Consumer Confidence

Crude Oil is $60 per barrel

Gold is $943.50 per ounce

Monday, May 25, 2009

7 Stocks you need to know for Tuesday

The Dow closed down 14.81. The Nasdaq Composite lost 3.24. And the S&P 500 ended the day off 1.33.

Here are 7 Stocks You Need to Know for Tuesday.

The passage of new credit card legislation in the House of Representatives continues to put pressure on stocks like those of Capital One Financial (COF | Quote | Chart | News | PowerRating) and Discover Financial Services (DFS | Quote | Chart | News | PowerRating), both of which continue to trade in consolidation ranges just below their respective 200-day moving averages.

His work in helping navigate American International Group (AIG | Quote | Chart | News | PowerRating) through its government bailout largely complete, Edward Liddy has said that he will step down from his post as CEO to allow a longer-term replacement to take over the job.

General Motors (GM | Quote | Chart | News | PowerRating) is likely to file for bankruptcy next week as part of a special government-brokered plan to restructure the struggling automaker. Shares of GM reversed by more than 7% intraday on Friday after making four consecutive higher highs below the 200-day moving average.

For its part, Ford Motor Company (F | Quote | Chart | News | PowerRating) extended a deadline for workers to decide whether or not to accept the automaker's buyout offers by five weeks.

Shares of McDonald's (MCD | Quote | Chart | News | PowerRating) rallied back above their 200-day moving average for the first time since early February.

Surprising profits from Sears (SHLD | Quote | Chart | News | PowerRating) sent the stock soaring by more than 20% before reversing to close up just over 10%.

Friday, May 22, 2009

Florida's BankUnited fails, will cost FDIC $4.9B

May 22 - Before the Open

Stocks Trading Up in Pre-Market

SHLD, ADSK, CGRB, QGEN, VNDA

SBLK, EGLE, DRYS, PRGN, BRCD

Upgrades and Downgrades

Upgrades:

FCS, CHS, ARUN, DEO, MDAS

NE, RDC, ESV, ADSK

Downgrades:

MRVL, AAUK, ZUMZ, CVLT

Stocks to Watch

Stock Tiger Video

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 0.4%

In Hong Kong the Hang Seng closed down 0.80%

European markets are currently trading higher

Signs that IPO's are coming back


The incredible shrinking dollar

Crude Oil is $61.50 per barrel

Gold is $954 per ounce

7 Stocks you need to know for Friday

The Dow lost 129.91. The Nasdaq Composite fell 32.59. And the S&P 500 closed lower by 15.14.

Here are 7 Stocks You Need to Know for Friday.

Among the few companies reporting earnings on the Friday before the Memorial Day holiday weekend, Campbell Soup (CPB | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 42 cents. The stock pulled back for a second day below its 200-day moving average on Thursday.

Down more than 3% intraday on Thursday, shares of Amazon.com (AMZN | Quote | Chart | News | PowerRating) pulled back toward their 200-day moving average. Also pulling back among Nasdaq stocks above their 200-day moving averages was Apple (AAPL | Quote | Chart | News | PowerRating), off more than 2% during the trading day.

General Motors (GM | Quote | Chart | News | PowerRating) and the United Auto Workers union announced on Thursday that they had reached an agreement on major health care issues for workers and retirees. Shares of GM were up more than 32% on Thursday, closing higher below their 200-day moving average for a fourth consecutive session.

After closing higher for five consecutive trading days and rallying above its 200-day moving average, Coca Cola (KO | Quote | Chart | News | PowerRating) pulled back toward its 200-day moving average on Thursday. The other Dow stock pulling back toward its 200-day moving average is IBM (IBM | Quote | Chart | News | PowerRating), which closed lower for a second day but well off its intraday lows.

Gold stocks continue to be in demand among traders in recent days. Closing higher for a third day in a row were shares of Anglogold Ashanti Ltd. (AU | Quote | Chart | News | PowerRating), which were up more than 4% intraday.

Thursday, May 21, 2009

May 21 - Before the Open

Stocks Trading Up in Pre-Market

DDUP, TSRA, SMRT, KIRK, PLAB

CTRN, CSIQ, LINE, HGSI, JASO

Upgrades and Downgrades

Upgrades:

FCX, LNC, IVAC, JNPR, GPN

CSIQ, THC, CB, SWY, KR

Downgrades:

SLW, IAG, FFIV, MPEL, TLAB

HOTT

Stocks to Watch

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.86%

In Hong Kong the Hang Seng closed down 1.6%

European markets are currently trading lower

Jobless Claims

Leading Indicators

Philly Fed Survey

EIA Natural Gas Report

Money Supply

Crude Oil is $61 per barrel

Gold is $940.50 per ounce

Stock Tiger Video

May 20th Market Recap

7 Stocks you need to know for Thursday

The Dow finished the day down 52.81. The Nasdaq Composite lost 6.70. And the S&P 500 closed lower by 4.66.

Here are 7 Stocks You Need to Know for Thursday.

Up more than 2% in advance of its earnings report due out before the market opens on Thursday is GameStop Corporation (GME | Quote | Chart | News | PowerRating). The stock has traded in $2 range below its 200-day moving average for the past two weeks. Analysts are expecting GameStop to report per share earnings of 41 cents.

Also reporting quarterly earnings before the bell on Thursday is Hormel Foods (HRL | Quote | Chart | News | PowerRating), which closed lower after closing higher for for six consecutive trading days above its 200-day moving average. Per share earnings of 50 cents is what analysts are expecting to hear from Hormel Foods.

Shares of McDonald's (MCD | Quote | Chart | News | PowerRating) soared by more than 5% intraday on Wednesday, closing at their highest levels since early February. MCD continues to trade below its 200-day moving average.

A number of retailers are reporting after the market closes on Thursday including Foot Locker (FL | Quote | Chart | News | PowerRating) and Hibbett Sports (HIBB | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 13 cents from Foot Locker, and per share earnings of 38 cents from Hibbett Sports. Both stocks pulled back to or toward their 200-day moving averages on Wednesday.

Pulling back by more than 10% over the past two days while trading above its 200-day moving average are shares of Palm Inc. (PALM | Quote | Chart | News | PowerRating), which were downgraded to "underperform" by an analyst at Needham & Company.

Analysts are expecting per share earnings of 30 cents from The Gap (GPS | Quote | Chart | News | PowerRating) when the company announces quarterly earnings after the market closes on Thursday. Shares of the retailer reversed after moving higher for most of the trading day on Wednesday.

Wednesday, May 20, 2009

May 20 - Before the Open

Stocks Trading Up in Pre-Market

PRGN, IGLD, BEXP, ZION, EGLE

HBAN, FEED, GOLD, WPCS, DRYS

MON CHART


Monsanto breaks out over $92 per share so keep it on the radar.

Upgrades and Downgrades

Upgrades:

COST, NOK, IRE, PG, BIIB, KRC

PLD, RDS.A, TSN, ZRAN, SOLF

ADI, EPIQ, TJX

Downgrades:

HD, DEI, EGP, HIW, CL

Stocks to Watch

Stock Tiger Video

Morning News

Futures are currently flat

In Japan the Nikkei 225 closed up 0.60%

In Hong Kong the Hang Seng closed down 0.40%

European markets are currently flat

HP cuts 6,400 Jobs

MBA Purchase Applications

EIA Petroleum Status Report

FOMC Minutes

Equity Settlements

Crude Oil is $60.50 per barrel

Gold is $931.50 per ounce

7 Stocks you need to know for Wednesday

The Dow slid 29.23. The Nasdaq Composite ended the day up 2.18. And the S&P 500 edged lower by 1.58.

Here are 7 Stocks You Need to Know for Wednesday.

Hewlett-Packard (HPQ | Quote | Chart | News | PowerRating) reported quarterly earnings after the bell on Tuesday that were in-line with analyst estimates. The stocks was lower immediately after the announcement in after hours trading.

Among the companies reporting quarterly earnings on Wednesday, Target Corporation (TGT | Quote | Chart | News | PowerRating) is expected to report per share earnings of 60 cents, Deere & Company (DE | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.09, and 44 cents per share is what analysts are expecting to hear from BJ's Wholesale Club (BJ | Quote | Chart | News | PowerRating). All three stocks are trading above their 200-day moving averages, but it was BJ's Wholesale Club that was up more than 2% in advance of Wednesday's earnings report.

On a day when the Senate passed major legislation tightening regulations on the credit card industry, shares of MasterCard (MA | Quote | Chart | News | PowerRating) were down more than 3% and retreating to their 200-day moving average, while shares of Visa (V | Quote | Chart | News | PowerRating) were off by more than 2%, continuing to move in the narrow, $2 range they have traded in all week. Of the two, MA is significantly more oversold.

Per share earnings of two cents is what analysts are expecting to hear from retailer Hot Topic (HOTT | Quote | Chart | News | PowerRating) when it reports after the market closes on Wednesday. Shares of Hot Topic have traded in a tight range just cents above their 200-day moving average for the past five trading days.

Tuesday, May 19, 2009

May 19 - Before the Open

Stocks Trading Up in Pre-Market

HIMX, BEAT, REDF, TRIN, SOLF

CIEN, DRYS, FITB, VNDA, HBAN

Upgrades and Downgrades

Upgrades:

IMO, TRID, GYMB, STT, GIL

WTR, MTB, SHW

Downgrades:

DL, EHTH

Market Recap for May 18th

Stocks to Watch

Stock Tiger Video

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 2.8%

In Hong Kong the Hang Seng closed up 3%

European markets are currently trading higher

Obama wants 35mph vehicles by 2016

Fannie and Freddie in 'critical' condition

ICSC-Goldman Store Sales

Housing Starts

Redbook

State Street Investor Confidence Index

President Obama Speech

Bank Reserve Settlement

Crude Oil is $60 per barrel

Gold is $922 per ounce

Monday, May 18, 2009

7 Stocks you need to know for Tuesday

The Dow gained 235.44. The Nasdaq Composite closed higher by 52.22. And the S&P 500 ended the day up 26.83.

Here are 7 Stocks You Need to Know for Tuesday.

The biggest earnings announcement on Tuesday may be the one from Hewlett-Packward (HPQ | Quote | Chart | News | PowerRating), which is expected to report EPS of 86 cents after the close. HPQ closed up more than 2% and is increasingly overbought below its 200-day moving average.

Among the companies reporting quarterly earnings before the bell Tuesday morning, Home Depot (HD | Quote | Chart | News | PowerRating) is expected to announce EPS of 29 cents, while analysts are expecting per share earnings loss of 0.24 from upscale clothing retailer Saks (SKS | Quote | Chart | News | PowerRating). Home Depot rallied by more than 6% while Saks, which trades below its 200-day moving average, soared by a whopping 22%.

Goldman Sachs (GS | Quote | Chart | News | PowerRating) moved Northrop Grumman (NOC | Quote | Chart | News | PowerRating) to its "conviction sell" list as part of an overall downgrade of the defense sector. Trading below its 200-day moving average, NOC opened at its lows and rallied by more than 3% on the day.

Along with Goldman Sachs, both Morgan Stanley (MS | Quote | Chart | News | PowerRating) and JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) have applied for permission to repay a combined total of $45 billion in TARP capital borrowed. MS and JPM both trade above their 200-day moving averages and were up more than 8% and 6%, respectively.

May 18 - Before the Open

Some good videos here...

Stocks Trading Up in Pre-Market

AAPL, ASML IDMI, INFY, BCRX, CTSH

HBAN, DRYS, CIEN, FITB, JASO, GOOG

Top 10 Bullish Stocks

Here are the top 10 bullish stocks based on Stan Weinstein Principles:

1. VRSN, 2. PRGO, 3. DOW, 4. BAM, 5. SAH

6. ETR, 7. AMMD, 8. FMC, 9. HSTX, 10. GMCR

CHARTS

MON CHART


Monsanto breaks out over $92 per share so keep it on the radar this week.

Upgrades and Downgrades

Upgrades:

MS, GS, PFS, ITMN, TCBI, SBIB, CFR

FFIN, PRSP, SBSI, WAL, MGM, PFG

HS, EAT, LEN, TI, DAI, ENR, ESV, RDC

Downgrades:

OPTR, ACHN, NEU, AYE, CEO, AU

SII, BJS, SLB, WX

Earnings for Today

Market Recap for the Week Video

Economic Data for the Week

Stock Tiger Video

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 2.45%

In Hong Kong the Hang Seng closed up 1.38%

European markets are currently flat

Shell Shocked dealers only have weeks to sell inventory

Hard times on dealer row

Housing Market Index

Equity Settlements

Crude Oil is $57 per barrel

Gold is $930 per ounce

Sunday, May 17, 2009

Transportation Index

Transportation index hit the 50-day EMA and so far has found support with a two-day bounce. It does make one watchful though as a bear fag may develop.

Saturday, May 16, 2009

7 Stocks you need to know for Monday

The Dow lost 62.68. The Nasdaq Composite ended the day down 9.07. And the S&P 500 closed lower by 10.19.

Here are 7 Stocks You Need to Know for Monday.

Scheduled to report quarterly earnings Monday before the market opens is Lowe's Companies (LOW | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 25 cents. The stock was down more than 2% intraday on Friday.

General Motors (GM | Quote | Chart | News | PowerRating) announced that it will be terminating more than 1,000 dealerships by late 2010. The announcement comes after Chrysler had said it would be eliminating more than 800 dealerships a day before. Shares of GM were down more than 5% late in trading on Friday.

On the other hand, Ford Motor Company (F | Quote | Chart | News | PowerRating) continued to bound higher after reaching oversold lows above its 200-day moving average earlier in the week. The stock was up more than 5% intraday on Friday.

With news that many insurers will be accepting TARP assistance, insurance companies like Prudential Financial (PRU | Quote | Chart | News | PowerRating) are among those that will not, according to a Wall Street Journal report. Prudential pulled back toward its 200-day moving average on Friday after a one-day bounce, losing more than 4%.

JC Penny (JCP | Quote | Chart | News | PowerRating) failed to sustain an intraday rally for a second day in a row. The company reported worse than expected earnings and revenue forecasts for the second quarter.

Among the better performing Nasdaq stocks was game maker Electronic Arts (ERTS | Quote | Chart | News | PowerRating), which gained more than 5% intraday. The surge puts ERTS in overbought territory below the 200-day moving average.

According to the Wall Street Journal, the government is urging Bank of America (BAC | Quote | Chart | News | PowerRating) to rebuild its board of directors, adding more board members with actual banking experience. Shares of Bank of America were down more than 5% intraday on Friday, closing lower for six out of the past seven trading days.

Friday, May 15, 2009

May 15 - Before the Open

Stocks Trading Up in Pre-Market

EXEL, FUQI, FITB, GOLD, HERO

NVDA
, DRYS, JASO, STSI, YRCW

YHOO

Upgrades and Downgrades

Upgrades:

WMG, OIS, JWN, CPT, AXE

VIA.B, BRKS, PETM, ERIC, UDR

URS, ENS

Downgrades:

GASS, URS, AMCN, CCE, BT

MAA, FE, CGV, BLDR, PCAR

The Iceman Commentary

Stocks to Watch Today

Stock Tiger Video

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed up 1.88%

In Hong Kong the Hang Seng closed up 1.5%

European markets are currently trading lower

Consumer Price Index
Empire State Mfg Survey
Treasury International Capital
Industrial Production
President Obama Speech
Consumer Sentiment

Crude Oil is $57.85 per barrel

Gold is $925 per ounce

Thursday, May 14, 2009

7 Stocks you need to know for Friday

The Dow gained 46.43. The Nasdaq Composite ended the day up 25.02. And the S&P 500 added 9.15.

Here are 7 Stocks You Need to Know for Friday.

A report that American International Group (AIG | Quote | Chart | News | PowerRating) would be spinning off its Asian insurance unit in an initial public offering (IPO) sent the stock soaring by more than 11%.

Announcing quarterly earnings before the bell on Friday, retailer Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) is expected to announce an EPS loss of 12 cents.

Also scheduled to report earnings before the markets open Friday morning is AngloGold Ashanti Ltd. (AU | Quote | Chart | News | PowerRating). The gold mining company is expected to report per share earnings of 43 cents.

In Wednesday's TradingMarkets 7 Stocks You Need to Know, we noted the oversold condition in Ford Motor Company (F | Quote | Chart | News | PowerRating), which reached oversold extremes after plunging more than 10%. Finishing the Wednesday in the green, the stock was up more than 6% intraday on Thursday.

Flat earnings encouraged traders and investors to sell shares of Wal-Mart (WMT | Quote | Chart | News | PowerRating) on Thursday. The stock is again oversold below the 200-day moving average.

After closing lower for six out of the past seven sessions, Intel Corporation (INTC | Quote | Chart | News | PowerRating) rallied by more than 3% intraday. Intel's trading over the past week and a half is indicative of the selling that has characterized technology stocks. IBM (IBM | Quote | Chart | News | PowerRating), for its part, continued to pull back above its 200-day moving average.

May 14 - Before the Open

StocksTrading Up in Pre-Market

AMSC, AINV, GOLD, CME, MDCO

GOOG, CSCO, RIMM, NVDA, WFMI

Upgrades and Downgrades

Upgrades:

JCI, CME, ANF, CI, ARO, FCN

Downgrades:

STV, LPX, TWGP, MYL, BAS, BRNC

HP, PTEN, PDC, AZN

Market Recap for May 13th

Stocks to Watch

Stock Tiger Video

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 2.65%

In Hong Kong the Hang Seng closed down 3%

European market are currently trading lower

Jobless Claims

Producer Price Index (PPI)

EIA Natural Gas Report

Money Supply

Crude Oil is $56.80 per barrel

Gold is $923.75 per ounce

Wednesday, May 13, 2009

7 Stocks you need to know for Thursday

The Dow lost 184.22. The Nasdaq Composite fell 51.73. And the S&P 500 ended the day down 24.43.

Here are 7 Stocks You Need to Know for Thursday.

Scheduled to report quarterly earnings before the market opens on Thursday, Sony (SNE | Quote | Chart | News | PowerRating) is expected to announce an EPS loss of 2.08. Trading above its 200-day moving average, shares of SNE plunged more than 3% on Wednesday.

Two retailers are also reporting earnings before the bell Thursday morning. Wal-Mart (WMT | Quote | Chart | News | PowerRating) is expected to report per share earnings of 77 cents. 17 cents is per share is what analysts expect to hear from Urban Outfitters (URBN | Quote | Chart | News | PowerRating). Both stocks are increasingly oversold below their respective 200-day moving averages.

Pharmaceutical stocks were among the few to move higher on Wednesday. Closing up for the the fifth consecutive trading day in a row below the 200-day moving average were shares of Pfizer (PFE | Quote | Chart | News | PowerRating).

Among the companies reporting earnings after the close on Thursday, Blockbuster (BBI | Quote | Chart | News | PowerRating) is expected to announce per share earnings of 0.14, while Kohls (KSS | Quote | Chart | News | PowerRating) is expected to report EPS of 0.44. 0.25 is what analysts are expecting to hear from retailer Nordstrom (JWN | Quote | Chart | News | PowerRating). While Kohls was off by more than 4% on the day, both Blockbuster and Nordstrom lost more than 7%.

May 13 - Before the Open

Stocks Trading Up in Pre-Market

ACAS, SHPGY, CPBY, EBAY, SNDK

INTC, SQNM, NVDA, DRYS, VNDA

Market Recap for May 12th

Upgrades and Downgrades

Upgrades:

FOE, SLGN, LNC, HMIN, HD, ANF

Downgrades:

IHG, FLEX, SON, AIZ, REP, MRO

CE, FCL, OSG, GKK, SWSI

Stocks to Watch

The Iceman Commentary

Stock Tiger Video

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed up 0.45%

In Hong Kong the Hang Seng closed down 0.55%

European markets are currently trading lower

MBA Purchase Applications

Retail Sales
Import and Export Prices
Business Inventories
EIA Petroleum Status Report

Crude Oil is $59.30 per barrel

Gold is $922.50 per ounce

7 Stocks you need to know for Wednesday

The Dow gained 50.34. The Nasdaq Composite edged lower by 15.32. And the S&P 500 finished the day off 0.89.

Here are 7 Stocks You Need to Know for Wednesday.

Among a number of retailers announcing quarterly earnings Wednesday morning before the bell are Macy's (M | Quote | Chart | News | PowerRating) and Liz Clairborne (LIZ | Quote | Chart | News | PowerRating). Analysts are expecting an EPS loss of 20 cents from Macy's and an earnings loss of 24 cents per share from Liz Clairborne. Macy's continues to pullback above its 200-day moving average. Shares of Liz Clairborne continue to consolidate in a tight $1 range just below their 200-day.

Ford Motor Company (F | Quote | Chart | News | PowerRating) announced after the close on Monday that it was issuing 300 million common shares as part of a plan to defray health care costs. The stock, which trades above its 200-day moving average, pulled back by more than 10% intraday on Tuesday.

Soaring to close above its 200-day moving average for the first time since June 2008 was Altria Group (MO | Quote | Chart | News | PowerRating), which gained more than 3% intraday.

Shares of Walt Disney (DIS | Quote | Chart | News | PowerRating) pulled back for a fourth consecutive session above the 200-day moving average on Tuesday. The stock is now more oversold than it has been in more than a month.

Bank of America (BAC | Quote | Chart | News | PowerRating) will make more than $7 billion from its sale of its interest in the China Construction Bank. Bank of America closed lower for a fourth consecutive session above the 200-day moving average on Tuesday.

Announcing quarterly earnings after the market closes on Wednesday is Whole Foods Markets (WFMI | Quote | Chart | News | PowerRating). Analysts are expecting per share earnings of 18 cents from the company. The stock bounded higher on Tuesday after pulling back mildly for the past three consecutive trading days.

Tuesday, May 12, 2009

May 12 - Before the Open

Stocks Trading Up in Pre-Market

STEC, HBAN, DRYS, ARNA, FTBK

FITB, UCBH, ARMH, SQNM, SPPI

Upgrades and Downgrades

Upgrades:

KNXA, ANF, DTPI, DRE, CIG, TXT

BMA TJX, PFG, GPS, CHS, AEO, STEC

LTM

Downgrades:

BKE, GNK, GNCMA, ENER, CUB, VSAT

TSM, CIEN, FACE, LINTA, SYT, RBS, BCS

LXU, TIN, IP, VNUS,

Stocks to Watch

Stock Tiger Video

Morning News

Futures are currently flat

In Japan the Nikkei 225 closed down 1.62%

In Hong Kong the Hang Seng closed up 0.38%

European markets are currently trading lower

ICSC-Goldman Store Sales

President Obama Speech

International Trade

Redbook

Treasury Budget

Equity Settlements

Crude Oil is $59.35 per barrel

Gold is $918.50 per ounce
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