Jun 30 - Before the Open
Yesterday's Sector Performance
This week's econ & earnings reports
ChartBook
Video & Report achives
Stock Market News, Breakouts, Swing Trades, Stocks in Play, Mojo plays, Position Trades, Options and Daytrades
Super swindler, Bernard Madoff, had the book thrown at him today by Judge Chin receiving the maximum possible prison sentence of 150 years. Stocks reacted in jubilation soaring higher across the board. The DJIA advanced 90.99 to 8529.38, the tech heavy Nasdaq climbed 5.84 to 1844.06, and the broad based S&P 500 added 8.33 to 927.23.
Visionary Apple (AAPL | Quote | Chart | News | PowerRating) CEO Steve Job's returned to work part time after receiving a liver transplant.
For profit college operator, Apollo Group (APOL | Quote | Chart | News | PowerRating), reported fiscal third quarter earnings of $1.26/share up from 85 cents/share from a year earlier and beating estimates of $1.13/share.
Benihana Inc (BNHN | Quote | Chart | News | PowerRating), the Japanese steakhouse operator, reported fiscal 2009 full year results with sales increasing 2.9% and operating profit being down.
Sales at automaker Ford (F | Quote | Chart | News | PowerRating) were down 10 to 20% in June, however the automaker has a higher percentage of the world's largest auto market per George Pipas, Ford's U.S. Sales Analyst.
Hewlett Packard (HPQ | Quote | Chart | News | PowerRating) advanced nicely on strength in technology Monday.
Home builders, KB Home (KBH | Quote | Chart | News | PowerRating) and Lennar Group (LEN | Quote | Chart | News | PowerRating) advanced on the former being upgraded to neutral by Credit Suise.
Here are 7 stocks you need to know about for Monday:
Personal tax preparation giant, H&R Block (HRB | Quote | Chart | News | PowerRating), releases its fiscal fourth quarter earnings after the bell on Monday. Analysts are estimating $2.07.
Computer stalwart IBM (IBM | Quote | Chart | News | PowerRating) has filed suit to prevent former M&A head, David Johnson, from joining Dell (DELL | Quote | Chart | News | PowerRating) due to a non-compete agreement.
Accenture (CAN | Quote | Chart | News | PowerRating) raised its forecast for full year profits due to increased demand.
Standard Microsystems (SMSC | Quote | Chart | News | PowerRating) stated it expects its losses to be less than estimated for the second quarter.
Insmed's (INSM | Quote | Chart | News | PowerRating) drug failed to show efficacy in genetic disorder study, sending shares sharply lower.
Software maker TIBCO (TIBX | Quote | Chart | News | PowerRating) beats analysts profits estimates by 24%.
Stocks soared today on the back of a positively strong T-Bill auction and climbing retail shares. The DJIA advanced 172.54, the Nasdaq jumped 37.20 and the broad based S&P 500 added 19.32.
Ben Bernanke launched a strong defense of his actions during the Bank of America (BAC | Quote | Chart | News | PowerRating)/Merrill Lynch merger Several lawmakers accused the Fed Chief of strong arming management.
The smart phone originator and maker, Palm (PALM | Quote | Chart | News | PowerRating), announced a steep drop in sales for the fiscal fourth quarter.
Changes in the Health Care Reform Bill lifted health care stocks with CIGNA (CI | Quote | Chart | News | PowerRating) and Coventry (CVH | Quote | Chart | News | PowerRating) up nicely.
KB Home (KBH | Quote | Chart | News | PowerRating) announces their earnings before the bell on Friday with an expected loss of 67 cents.
Deere & Co (DE | Quote | Chart | News | PowerRating) was upgraded to neutral from sell by Goldman Sachs (GS | Quote | Chart | News | PowerRating).
Stocks closed mixed on the cusp of the Fed's decision to keep rates unchanged. Positive rhetoric concerning inflation and the recession counteracted the negative Fed bad conduct rumors swirling about today. The DJIA closed down 23.05, the Nasdaq climbed 27.42, and the S&P 500 advanced 5.84.
Bed Bath & Beyond (BBBY | Quote | Chart | News | PowerRating) reported a first quarter net income of 0.34 cents/share up from 0.30 cents a year ago. However, same store sales slumped 1.6% during the same period.
The sports shoe giant Nike (NKE | Quote | Chart | News | PowerRating) positively surprised analysts by reporting earnings of 0.99 cents/share and posting revenue of $4.71 billion.
ConAgra Foods (CAG | Quote | Chart | News | PowerRating) reports fourth fiscal quarter earnings before the bell Thursday. Analysts are expecting 0.41 cents/share.
Smart phone maker Palm Inc (PALM | Quote | Chart | News | PowerRating) reports fiscal fourth quarter results after the close with an expected loss of 0.72 cents/share.
Hedge Fund manager, Eddie Lampert, has sold over 400,000 shares of AutoZone (AZO | Quote | Chart | News | PowerRating) significantly cutting his stake in the auto part company.
The Organization for Economic Co-operation and Development raised its commodity forecasts sending shares of Alcoa (AA | Quote | Chart | News | PowerRating) and International Paper (IP | Quote | Chart | News | PowerRating) higher.
Existing Home Sales missed estimates leading to a choppy trading session after yesterday's steep sell off. The DJIA gave back another 16.10, the Nasdaq dropped 1.27 and the S&P 500 gained 2.06.
Here are 7 stocks you need to know about for Wednesday.
Oracle (ORCL | Quote | Chart | News | PowerRating) beats analysts estimates with a forth quarter EPS of 0.46 cents.
The world's largest owner of full service dining restaurants, Darden Restaurants (DRI | Quote | Chart | News | PowerRating), will host its fourth quarter earnings call at 8:30 AM on Wednesday. EPS increased by 21% to 0.87 cents during the quarter.
Nike (NKE | Quote | Chart | News | PowerRating), the sport shoe maker will announce its fourth quarter results, after the close on Wednesday, with analysts estimates of 0.96 cents EPS.
Monsanto (MON | Quote | Chart | News | PowerRating) releases third quarter results before the open on Wednesday. The estimate is $1.17/share.
Memory chip maker Rambus (RMBS | Quote | Chart | News | PowerRating) cuts its second quarter forecast.
Home builders climbed with Meritage Homes (MTH | Quote | Chart | News | PowerRating) and Lennar Homes (LEN | Quote | Chart | News | PowerRating) participating in the gains.
The World Bank knocked stocks lower today with a pessimistic forecast of a 2.9% contraction in economic growth. U.S. stocks closed on the low of the day with volatility spiking over 11%. The DJIA gave back 200.72, the Nasdaq plummeted 61.28 and the broad based S&P 500 fell 28.19.
Here are 7 stocks you need to know about for Tuesday.
The grocery chain Kroger (KR | Quote | Chart | News | PowerRating) announces fiscal first quarter 2010 earnings. Analysts are expecting 0.62 cents per share.
America's CarMart (CRMT | Quote | Chart | News | PowerRating), the buy here/pay here auto dealer operator, reveals its fiscal 4th quarter 2009 earnings. The estimate is 0.038 cents per share.
Medarex (MEDX | Quote | Chart | News | PowerRating) - Their prostrate cancer drug cured 2 patients in Mayo Clinic tests.
Dropping oil prices triggered a pullback in shares of Suncor Energy (SU | Quote | Chart | News | PowerRating).
NII Holdings (NIHD | Quote | Chart | News | PowerRating) - Latin America's wireless phone service provider's rating was reduced to neutral by Goldman Sachs.
The commodity sector dropped due to slowing economic growth with AK Steel Holding Corp (AKS | Quote | Chart | News | PowerRating) and Walter Energy (WLT | Quote | Chart | News | PowerRating) falling.
The DJIA gave back 15.87 to 8539.73, the Nasdaq advanced 19.75 to 1827.47 and the S&P 500 gained 2.86 to 921.23.
Here are 7 stocks you need to know about for Monday.
Walgreen (WAG | Quote | Chart | News | PowerRating) - The drug store owner is slated to release their fiscal 3rd quarter earnings on Monday. Analysts consensus is for 0.56 cents bolstered by cost cutting efforts.
Microsoft (MSFT | Quote | Chart | News | PowerRating) - Goldman Sachs added the software maker to its "Conviction Buy" list due to an increased in technology spending and new offerings.
Solutia (SOA | Quote | Chart | News | PowerRating) - A revised full year analyst estimate from Jeffries and Co sent shares higher on an improved outlook.
Apple (AAPL | Quote | Chart | News | PowerRating) - Advanced on the back of its latest iPhone offering released Friday.
Owens-Illinois (OI | Quote | Chart | News | PowerRating) - The glass maker's forecast was increased by Citigroup sending shares higher.
Energy shares fell on dropping oil prices due to weaker demand with Chevron (CVX | Quote | Chart | News | PowerRating) and Exxon (XOM | Quote | Chart | News | PowerRating) adding to the slide.
The Dow ended the day up 58.42. The Nasdaq Composite lost 0.34. And the S&P 500 finished up 7.66.
Here are 7 Stocks You Need to Know for Friday.
Research in Motion (RIMM | Quote | Chart | News | PowerRating) beat analyst estimates by four cents after the bell on Thursday, while revenues were slightly below expectations. The stock was lower immediately after the announcement.
Microsoft (MSFT | Quote | Chart | News | PowerRating) and Google (GOOG | Quote | Chart | News | PowerRating) are in a dispute over the severity of a problem with a new software application designed by Google to interface with Microsoft's Outlook.
Representative of the strength in financial stocks on Thursday was the rally of more than 3% in JP Morgan Chase (JPM | Quote | Chart | News | PowerRating). The stock advanced after dropping into oversold territory above its 200-day moving average earlier in the week.
Buyers continued to be aggressive in the health care sector. After three days with a 2-period RSI of less than 2, Universal Health Services (UHS | Quote | Chart | News | PowerRating) bounced higher by 4%.
Both Cisco Systems (CSCO | Quote | Chart | News | PowerRating) and Dell Inc. (DELL | Quote | Chart | News | PowerRating) remain among the more widely traded stocks in the Nasdaq 100 that are still pulling back above their 200-day moving averages as of Thursday's close.
The Dow lost 107.46. The Nasdaq Composite ended the day down 20.20. And the S&P 500 slid 11.75.
Here are 7 Stocks You Need to Know for Wednesday.
Traders, investors and analysts alike will be focused on the quarterly earnings report from FedEx (FDX | Quote | Chart | News | PowerRating) due Wednesday morning before the market opens. Per share earnings of 51 cents is what analysts are expecting to hear from the FDX, which has sold off dramatically over the past few days leading up to the earnings announcement.
Three Dow stocks entered extreme oversold territory above the 200-day moving average on Tuesday: Home Depot (HD | Quote | Chart | News | PowerRating), Honeywell (HON | Quote | Chart | News | PowerRating) and Walt Disney (DIS | Quote | Chart | News | PowerRating). All three developed 2-period RSIs of less than 2 intraday.
Impervious to the selling around it, shares of Microsoft (MSFT | Quote | Chart | News | PowerRating) closed higher for a 14th consecutive trading day on Tuesday.
Beginning to rebound after dipping into extreme oversold territory above the 200-day moving average were shares of Apple (AAPL | Quote | Chart | News | PowerRating). The stock closed for two days in a row with a 2-period RSI of less than 3 going into Tuesday's trading.
Deutsche Bank said on Tuesday that home prices in the United States could drop another 14% due to the weak employment picture. The news, combined with a dramatic surge in new housing starts, kept pressure on home builders like Toll Brothers (TOL | Quote | Chart | News | PowerRating).
Among the few companies reporting earnings Tuesday morning before the bell is Best Buy (BBY | Quote | Chart | News | PowerRating). Analysts are expecting EPS of 34 cents from the electronics retailer.
Adobe Systems (ADBE | Quote | Chart | News | PowerRating) is expected to report per share earnings of 28 cents when it announces quarterly earnings Tuesday after the bell.
Boeing (BA | Quote | Chart | News | PowerRating) tried to strike an upbeat note on Monday at the Paris Air Show despite not receiving a single order for a new jet on the first day of the event.
Legg Mason (LM | Quote | Chart | News | PowerRating) rallied to its highest levels on the year in Monday's trading, gaining more than 5% intraday before pulling back late in the day. Among Nasdaq stocks, Rambus (RMBS | Quote | Chart | News | PowerRating) continued its tear higher, closing up for the 9th consecutive trading day and adding more than 10% intraday.
Materials and energy stocks were among those most aggressively sold on Monday. Freeport McMoran Copper & Gold (FCX | Quote | Chart | News | PowerRating) lost more than 5% as it pulled back toward its 200-day moving average.
Closing for a seventh day in a row above the 200-day moving average were shares of Google (GOOG | Quote | Chart | News | PowerRating) which have been relentlessly sold since failing to take out the $450 level a little over a week ago.
The DJIA closed up 28.34, the Nasdaq fell 3.57, and the broad based S&P 500 added 1.32.
Here are 7 stocks you need to know about for Monday.
Global Payments (GPN | Quote | Chart | News | PowerRating) - Surged on news of it wrapping up the acquisition of HSBC's British merchant services for $307.7 million in cash.
Time Warner (TWC | Quote | Chart | News | PowerRating) - Slipped on the last day of Analog TV service and its Spanish distributor, Univision, amending its debt.
Savient (SVNT | Quote | Chart | News | PowerRating) - The drug maker advanced after its weight gain drug got a thumbs up from U.S. regulators.
National Semiconductor (NSM | Quote | Chart | News | PowerRating) - Fell on mixed words from CEO Brian Halla.
Rambus (RMBS | Quote | Chart | News | PowerRating) - Reached a tentative agreement to settle an anti trust European Union filing sending shares higher.
Hartford Financial (HIG | Quote | Chart | News | PowerRating) - Stated it would accept up to $3.4 billion of government rescue funds causing shares to fall.
EZ Corp (EZPW | Quote | Chart | News | PowerRating) - The short term lender cut its 3rd quarter estimates sending shares lower.
Disclaimer: This website may include stock market analysis. Any ideas or opinions expressed by us is for informational purposes. Trade at your own financial risk as we assume no responsibility for your investing decisions in the markets.