Dec 31- Before the Open
Today's Before the Open
This week's Economic Numbers and Earnings Reports
ChartBook / ETFs
by Jason at Leavitt Brothers
Stock Market News, Breakouts, Swing Trades, Stocks in Play, Mojo plays, Position Trades, Options and Daytrades
Even a thwarted weekend terrorist attack was not enough to stop the bulls from rampaging another day. Stocks pushed higher on ultra positive retail news and word that the U.S. Treasury Department has lifted caps on mortgage aid for Fannie Mae/Freddie Mac. Stocks have now posted their sixth straight winning session. The DJIA climbed 26.98 to 10547.08, the Nasdaq added 5.39 to 2291.08 and the broad based S&P 500 moved higher by 1.30 to 1127.78.
Here are 7 stocks you need to know for Tuesday.
Fannie Mae (FNM | Quote | Chart | News | PowerRating) and Freddie Mac (FRE | Quote | Chart | News | PowerRating) soared higher on news that the Treasury will lift limits on financial aid to the companies.
The weekend terror attempt helped lift OSI Systems (OSIS | Quote | Chart | News | PowerRating), a maker of airport scanning systems.
The rise in oil prices helped Exxon (XOM | Quote | Chart | News | PowerRating) to also advance.
Option action in MGM Mirage (MGM | Quote | Chart | News | PowerRating) is indicating that traders are expecting to see a double in price over the next year due to the launch of the City Center project.
Delta (DAL | Quote | Chart | News | PowerRating) and American Airlines (AMR | Quote | Chart | News | PowerRating) dropped on new terrorist fears after a Nigerian man brought explosives aboard an airliner.
The Christmas week went out with a bang as the major stock indexes hit yearly highs on the session. Congress moving to raise the US debt ceiling to avoid a federal default was mostly ignored by the equity market. Investors focused on a surging tech sector and positive words from the factory orders front sending stocks higher for the fifth day in a row. The DJIA surged 53.66, the Nasdaq added 16.05, and the S&P 500 climbed 5.88 to 1126.48.
Here are 7 stocks you need to know for Monday
CalMaine Foods (CALM | Quote | Chart | News | PowerRating) announces before the open with an expected EPS of 63 cents.
A loss of 11 cents is on tap for Northwest Pipe Company (NWPX | Quote | Chart | News | PowerRating) prior to trading.
Valley National (VLY | Quote | Chart | News | PowerRating) has just repaid its TARP funds.
Standpoint Research downgraded Mosaic (MOS | Quote | Chart | News | PowerRating) to hold.
Apple (AAPL | Quote | Chart | News | PowerRating) is in talks with Disney (DIS | Quote | Chart | News | PowerRating) and CBS Corp (CBS | Quote | Chart | News | PowerRating) for launching a subscription internet TV service next year.
Options and futures expired today during the so-called quadruple witching session. Stocks were lackluster overall with the tech heavy Nasdaq being a notable exception. Extremely healthy earnings from Research In Motion and Oracle helped provide the Nasdaq a strong day. The DJIA added 20.63, the Nasdaq jumped 31.64, and the S&P 500 climbed 6.39.
Here are 7 stocks you need to know for Monday.
Jabil Circuit (JBL | Quote | Chart | News | PowerRating) reports after the close on Monday with an expected EPS of 24 cents.
Drug store operator, Walgreen Company (WAG | Quote | Chart | News | PowerRating), is expected to see an EPS of 48 cents before the open.
ConAgra Foods (CAG | Quote | Chart | News | PowerRating) plans on posting a tasty 47 cents/share earnings prior to the bell.
BB&T Capital Markets upgraded truckers Con-Way (CNW | Quote | Chart | News | PowerRating) and Old Dominion (ODFL | Quote | Chart | News | PowerRating) to "buy".
Ford's (F | Quote | Chart | News | PowerRating) CEO Alan Mulally stated the company plans to ramp up its loan repayment plan.
A group led by SAC Capital's Steve Cohen plans on buying out Airvana (AIRV | Quote | Chart | News | PowerRating), a broad band backbone company.
Here Are 7 Stocks You Need To Know For Thursday
In a classic "buy the rumor, sell the fact" scenario stocks gave back much of their early gains after the Fed announced a rate steady decision. Inflation and price rise fears counteracted any bullish sentiment from the FOMC meeting. In addition, the Fed's nervous posture regarding employment further squelched the solid morning rally. Stocks ended the session mixed on the day with the DJIA falling 10.88, the Nasdaq hung onto 5.86 and the S&P 500 eased higher by 1.25 to 1109.18.
Here are 7 stocks you need to know for Thursday
Federal Express (FDX | Quote | Chart | News | PowerRating) is expecting to see an EPS of $1.07 before the open.
Drug store owner, Rite Aid (RAD | Quote | Chart | News | PowerRating), has its eyes set on an earnings loss of 18 cents/share prior to trading.
General Mills (GIS | Quote | Chart | News | PowerRating) reports before the bell with a forecast EPS of $1.45.
Prior to the open, Scholastic Corp (SCHL | Quote | Chart | News | PowerRating), will reveal their earnings with a consensus estimate of $1.88/share.
Blackberry maker, Research In Motion (RIMM | Quote | Chart | News | PowerRating), has to wait until after the close with a forecast EPS of $1.04.
Palm (PALM | Quote | Chart | News | PowerRating) also has to wait until the close to reveal their results with an expected loss of 41 cents/share.
Accenture Ltd (ACN | Quote | Chart | News | PowerRating) has its focus on an EPS of 65 cents after the closing bell.
The Fed was in full control of the stock market today as the FOMC meeting tomorrow depressed stocks. Fears of increased interest rate hints and stimulus retraction sent negative jitters across the board. Word of a drop in home builder sentiment and a climbing Greenback did little to help the bearish sentiment. The DJIA ended down 49.05, the Nasdaq gave back 11.05, and the broad based S&P 500 lost 6.18.
Here are 7 stocks you need to know for Wednesday.
Before the open, Joy Global (JOYG | Quote | Chart | News | PowerRating), reports with an expected EPS of $1.01.
Office chair maestro, Herman Miller (MLHR | Quote | Chart | News | PowerRating), announces after the close with a forecast number of 19 cents.
A loss of $1.49/share has been projected for home builder, Hovnanian Enterprises (HOV | Quote | Chart | News | PowerRating) after trading ends.
33 cents/share is the consensus figure for Paychex Inc (PAYX | Quote | Chart | News | PowerRating) after the close.
Boeing's (BA | Quote | Chart | News | PowerRating) much-anticipated Dreamliner aircraft took its maiden test flight Tuesday.
Both Papa John's (PZZA | Quote | Chart | News | PowerRating) and Domino's Pizza (DPZ | Quote | Chart | News | PowerRating) were upgraded to "buy" at Fetl & Co.
A sweeping Wall Street regulatory bill was approved by the House of Representatives today despite strong arguments against. Stocks focused on a surprisingly stronger retail sales number and growing inventories climbed mostly higher on the final trading session of the week. The DJIA advanced 65.67, the laggard Nasdaq slipped 0.55, and the broad based S&P 500 gained 4.06.
Here are 7 stocks you need to know for Monday.
Fast fooder, Steak n Shake (SNS | Quote | Chart | News | PowerRating) is expecting to see an EPS of 12 cents after the close.
The credit card processor, VeriFone Holdings (PAY | Quote | Chart | News | PowerRating), announces after the close with an estimated EPS of 20 cents.
A loss of 39 cents/share is forecast for BRT Realty Trust (BRT | Quote | Chart | News | PowerRating) after the market closes.
Game maker, Take-Two Interactive (TTWO | Quote | Chart | News | PowerRating), has projected a loss of 8 cents after the bell.
Deer Consumer Products (DEER | Quote | Chart | News | PowerRating) was hit hard upon announcing the pricing of a new stock offering.
The largest IPO of the decade is underway with Goldman Sachs (GS | Quote | Chart | News | PowerRating) and the Carlyle Group seeking to raise $1.1 billion for the non-earning and non-revenue producing oil producer, Cobalt International Energy (CIE).
Sysco (SYY | Quote | Chart | News | PowerRating) is holding its investors' day on Monday.
Goldman Sachs' executives are going to have to learn to delay gratification as the firm announced this year's bonus payments will be paid via stock locked up for 5 years. Despite the tension emanating from Goldman, stocks rallied higher on the session. Word of an improving employment situation combined with better than expected trade figures powered the optimistic trading day. The DJIA climbed 68.78, the tech heavy Nasdaq pushed ahead by 7.13 and the broad based S&P 500 added 6.40.
Here are 7 stocks you need to know about for Friday.
Eli Lilly (LLY | Quote | Chart | News | PowerRating) reaffirmed negative projections for the rest of their fiscal year.
Starbucks (SBUX | Quote | Chart | News | PowerRating) and Coca Cola (KO | Quote | Chart | News | PowerRating) both hit 52-week highs Thursday.
In the wake of TARP repayments, Citigroup (C | Quote | Chart | News | PowerRating), says it's likely to raise up to $15 billion in a new stock offering to help repay the Fed.
Word on the street is that Intel's (INTC | Quote | Chart | News | PowerRating) potential buy out of NVIDIA (NVDA | Quote | Chart | News | PowerRating) has hit the skids.
Bank of America (BAC | Quote | Chart | News | PowerRating) is forced to wait until next week to name a new CEO due to a 5 day wait provision in its agreement to pay back government loans.
A late day rally pushed shares nicely into positive territory. Stocks took the news of Geithner extending the TARP program to October and Bank of America repaying 100% of their TARP loan as bullish signals. Concern over the global debt situation eased as buyers snapped up bargains on the session. The DJIA added 51.08, the Nasdaq expanded by 10.74 and the S&P 500 eased higher by 4.00.
Here are 7 stocks you need to know for Thursday.
60 cents/share is the projected earnings for Costco Wholesale (COST | Quote | Chart | News | PowerRating) before the open.
Bank of America (BAC | Quote | Chart | News | PowerRating) has completely paid back its TARP funds.
Finance and other book publishing heavy weight, John Wiley & Sons (JWA | Quote | Chart | News | PowerRating), is expecting to see an EPS or 81 cents prior to trading.
National Beverage Corp (FIZZ | Quote | Chart | News | PowerRating) announces during the trading day with a forecast EPS of 17 cents.
Huge relative option call volume in Research In Motion (RIMM | Quote | Chart | News | PowerRating) triggered by a marketing move into the world's largest cell phone market, China, appears to indicate a bullish tenor for the shares.
Sprint Nextel (S | Quote | Chart | News | PowerRating) and 3M (MMM | Quote | Chart | News | PowerRating) advanced on Citigroup upgrades and rumors of a potential merger for Sprint.
My screens were bleeding red today as stock markets sold off around the world. A storm of stock negative news including Fitch downgrading Greece's credit rating, German industrial production slipping and a climbing U.S. dollar kept stocks steeply negative on the session. Gold and oil followed suit on the back of the stronger U.S. Dollar and negative gold comments out of the Bank of Korea. The DJIA gave back 104.14, the tech heavy Nasdaq fell 16.62 and the broad based U.S. stock barometer S&P 500 dipped 11.32.
Here are 7 stocks you need to know for Wednesday.
Watch maker, Movado Group (MOV | Quote | Chart | News | PowerRating), has forecast an EPS of 62 cents prior to the open.
A predicted loss of 75 cents/share is haunting Jackson Hewitt Tax Services (JTX | Quote | Chart | News | PowerRating) prior to the open.
Lulelemon Athletica (LULU | Quote | Chart | News | PowerRating) has its eyes set on an EPS of 19 cents after the close.
The largest gold producer, Barrick Gold (ABX | Quote | Chart | News | PowerRating), continues to fall on gold's decline.
Fast food giant, McDonald's (MCD | Quote | Chart | News | PowerRating), reported comparable store sales declining in the United States but climbing world wide.
M&T Bank (MTB | Quote | Chart | News | PowerRating) bucked the down trend today climbing on a SunTrust Robinson upgrade.
Shares of Texas Instruments (TXN | Quote | Chart | News | PowerRating) slid on Tuesday despite the company's assurance revenues and profits would be at the upper end of their project range for the fourth quarter.
Stocks closed near break even today after a lackluster session. An early Bernanke rate comment rally was counteracted by negative news from the consumer credit front. The DJIA added 1.21, the Nasdaq fell 4.74, and the S&P 500 dipped 2.73.
Here are 7 stocks you need to know for Tuesday.
Apple (AAPL | Quote | Chart | News | PowerRating) fell for the sixth straight day closing below its 50-day SMA for the first time since March.
Ski resort owner, Vail Resorts (MTN | Quote | Chart | News | PowerRating), reports before the open with an expected EPS loss of negative $1.25.
Tax prep giant, H&R Block (HRB | Quote | Chart | News | PowerRating), hopes its loss doesn't exceed 40/cents per share prior to the bell.
Auto parts super power, AutoZone (AZO | Quote | Chart | News | PowerRating), has forecast an EPS of $2.66 before the 9:30 AM EST opening of trading.
Amazon (AMZN | Quote | Chart | News | PowerRating) hit new short term lows today falling for the third day in a row.
Cephalon's (CEPH | Quote | Chart | News | PowerRating) Treanda drug has been forecast to spike in use by 10 times.
Barnes & Noble (BKS | Quote | Chart | News | PowerRating), the book chain, released the Nook electronic reader today to lack luster fanfare.
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