Thursday, December 31, 2009

Dec 31- Before the Open

Happy New Year!!


I will return on Monday.

Wednesday, December 30, 2009

Dec 30- Before the Open

Stocks Trading Up in Pre-Market

OSIS, NVDA, MGIC, DRYS

Upgrades and Downgrades

Upgrades:

NVDA, MRVL

Downgrades:

BPL

Stocks to Watch Today

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 flat

European markets are currently trading lower

MBA Purchase Applications

Chicago PMI

EIA Petroleum Status Report

Farm Prices

Equity Settlements

Crude Oil is $78.50 per barrel

Gold is $1092.50 per ounce

7 Stocks you need to know for Wednesday

The bulls ended their winning streak today with stocks closing slightly lower across the board. Dropping oil prices sent the energy sector lower. Combined with a better than expected consumer confidence number resulted in a listless session. The DJIA gave back 1.67, the Nasdaq dipped 2.68, and the S&P 500 fell 1.59.

Here are 7 stocks you need to know for Wednesday.

United Community Banks [UCBI|UCBI] is temporarily suspending dividends.

Helsinki based cell phone handset maker, Nokia, filed a complaint against Apple [AAPL|AAPL] over a patent issue.

Johnson & Johnson [JNJ|JNJ] is recalling Tylenol Arthritis Caplets due to a foul smell.

A federal probe into Spectranetics [SPNC|SPNC] ended today with the payment of $5 million dollars.

Imperial Sugar [IPSU|IPSU] settled a property insurance claim for an industrial accident last year.

Fannie Mae [FNM|FNM] and CB Richard Ellis Group [CBG|CBG] climbed on the steady home price report.

Tuesday, December 29, 2009

Dec 29 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, AMZN, ASML, OSIS, WIN

GOLD, RIMM, STEC, VICL, VVUS

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 0.4%

In Hong Kong the Hang Seng closed up 0.09%

European markets are currently trading higher

ICSC-Goldman Store Sales

Redbook

State Street Investor Confidence Index

Consumer Confidence

Bank Reserve Settlement

Crude Oil is $78.50 per barrel

Gold is $1108.50 per ounce

7 Stocks you need to know for Tuesday

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.


Monday, December 28, 2009

Dec 28- Before the Open

Stocks Trading Up in Pre-Market

AAPL, AMZN, RIMM, NVMI, SVA

AMCS, VICL

Upgrades and Downgrades

Upgrades:

RAME, FINL, ACTU

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 1.33%

In Hong Kong the Hang Seng closed down 0.17%

European markets are currently trading higher

Money Supply

Equity Settlements

Crude Oil is $78.40 per barrel

Gold is $1,112.50 per ounce

Sunday, December 27, 2009

7 Stocks you need to know for Monday

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.

Thursday, December 24, 2009

Dec 24 - Before the Open

Merry Christmas


Going to spend some time with family and friends I will return on Monday.

Wednesday, December 23, 2009

Dec 23 - Before the Open

Stocks Trading Up in Pre-Market

ACHN, PSDV, TIBX, JASO, SNDK

AMZN, ARIA, CIEN, QQQQ, YHOO

Upgrades and Downgrades

Upgrades:

SNDK, GLW, SLB, PNFP

Downgrades:

ALGT

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 1.91%

In Hong Kong the Hang Seng closed up 1.12%

European markets are currently trading higher

MBA Purchase Applications

Personal Income and Outlays

Consumer Sentiment

New Home Sales

EIA Petroleum Status Report

Equity Settlements

Crude Oil is $74.65 per barrel

Gold is $1082 per ounce

Tuesday, December 22, 2009

Dec 22 - Before the Open

Stocks Trading Up in Pre-Market

AMKR, ARNA, CBAK, CSIQ, VICL

AMZN, ASML, CHKP, JASO, SNDK

Upgrades and Downgrades

Upgrades:

SAIA, AHD, AMTD, IAG

Downgrades:

IMAX, XTO, WRC, NRGP, GIGM

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 1.91%

In Hong Kong the Hang Seng closed up 0.69%

European markets are currently trading higher

ICSC-Goldman Store Sales

GDP

Corporate Profits

Redbook

Existing Home Sales

Equity Settlements

Crude Oil is $73.25 per barrel

Gold is $1090 per ounce

7 Stocks you need to know for Tuesday

Positive word of a worldwide economic recovery
swept the equity market higher today. A corporate deal making frenzy and optimism over Obama's health care reform package added to the bullish fever. The DJIA added 85.25, the Nasdaq advanced 25.97 and the S&P 500 pushed ahead by 11.58.

Here are 7 stocks you need to know for Tuesday.

American Pacific Corp (APFC | Quote | Chart | News | PowerRating) announces Tuesday evening after the close with an expected EPS of 37 cents.

Software darling, Micron Technologies (MU | Quote | Chart | News | PowerRating), has been forecast to earn 7 cents after the bell on Tuesday.

An EPS of 12 cents has been projected for Red Hat (RHT | Quote | Chart | News | PowerRating) after the 4:00 PM EST close on Tuesday.

Cintas (CTAS | Quote | Chart | News | PowerRating) has analysts awaiting an EPS of 43 cents at the end of trading on Tuesday.

Navistar (NAV | Quote | Chart | News | PowerRating) announces after the bell on Tuesday with a consensus number of $1.53.

18 cents is the expected figure for TIBCO Software (TIBX | Quote | Chart | News | PowerRating) once the market closes on Tuesday.

US Steel Corp (X | Quote | Chart | News | PowerRating) among other steel makers benefited from the U.S. objection to a Chinese request to the WTO regarding tariffs.

Monday, December 21, 2009

Dec 21 - Before the Open

Stocks Trading Up in Pre-Market

CHTT, BUCY, INCY, MAIL, SGEN

IGLD, SBLK, ISIS, JOYG, XING

Upgrades and Downgrades

Upgrades:

ONAV, PALM, RSO, INTC, AA

STX

Downgrades:

AIRV, BCSI

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 0.41%

In Hong Kong the Hang Seng closed down 1.08%

European markets are currently trading higher by 1%

Equity Settlements

Ben Stein: My dinner with Warren Buffett


Crude Oil is $73.60 per barrel

Gold is $1116.50 per ounce

Sunday, December 20, 2009

7 Stocks you need to know for Monday

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.

Friday, December 18, 2009

Dec 18 - Before the Open

Stocks Trading Up in Pre-Market

RIMM, DEER, ANDS, TTWO, ORCL

SOLF, GOLD, RYAAY, RFMD, TCAP

RIMM Crushes Quarter, Guidance Strong

Stocks to Watch for Friday

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 0.21%

In Hong Kong the Hang Seng closed down 0.80%

European markets are currently trading higher

RIMM Crushes Quarter, Guidance Strong

Crude Oil is $73.85 per barrel

Gold is $1108 per ounce

7 Stocks you need to know for Friday

The idyllic country of Greece was the center of the financial storm today. Standard & Poor's downgraded their credit rating once again sending shock waves over the world's equity markets. This fact combined with rising unemployment, Fed fears, and weaker than expected earnings from several key firms sent U.S. stocks sharply lower on the session. The U.S. Dollar was one of the beneficiaries of the fear climbing to 3 month highs as investors sprinted to safety. The DJIA gave back 132.86, the tech heavy Nasdaq fell 26.86 and the broad based market barometer known as the S&P 500 dropped 13.11.

Here are 7 stocks you need to know for Friday.

FedEx (FDX | Quote | Chart | News | PowerRating) has announced that its earnings fell 30% from same quarter last year.

The FDA just approved a new psychiatric drug from Eli Lily (LLY | Quote | Chart | News | PowerRating) for the treatment of Schizophrenia.

Moody';s has upgraded Hartford Financial (HIG | Quote | Chart | News | PowerRating) to "stable" from "developing".

Used car retailer super store, CarMax (KMX | Quote | Chart | News | PowerRating), announces earnings pre-open with a forecast EPS of 14 cents.

Cruise giant, Carnival Corp (CCL | Quote | Chart | News | PowerRating), has been forecast to earn 20 cents before the bell.

LiveDeal (LIVE | Quote | Chart | News | PowerRating) hopes its loss does not exceed the estimated 31 cents/share after the close on Friday.

New York City has just renewed its contract with American Medical Alert (AMAC | Quote | Chart | News | PowerRating).

Thursday, December 17, 2009

Dec 17 - Before the Open

Stocks Trading Up in Pre-Market

APWR, AONE, ALVR, GIGM, FSLR

AMZN, INCY, SPWRA, JASO, SEED

Upgrades and Downgrades

Upgrades:

NWS, MHK, CA, UNM

Downgrades:

ADP, WBD, SHPGY, KYN, POM

FGXI, SEP, FGXI, WPCS, MDCI

Stocks to Watch Today

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed flat

In Hong Kong the Hang Seng closed down 1.22%

European markets are currently trading lower

Jobless Claims

Leading Indicators

Philadelphia Fed Survey

EIA Natural Gas Report

Money Supply

Crude Oil is $72 per barrel

Gold is $1121 per ounce

7 Stocks you need to know for Thursday

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.

Wednesday, December 16, 2009

Dec 15 - Before the Open

Stocks Trading Up in Pre-Market

ACHN, FGXI, GIGM, JOYG, SCHW

GOLD, SOLF, JASO, SPWRA, VVUS

Upgrades and Downgrades

Upgrades:

SCHW, DRI, CCL, RCL, ABC

MGLN, TROW

Downgrades:

SNH, AYE, EIX, FE, SWSI

CPSI, BEN

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 0.93%

In Hong Kong the Hang Seng closed down 0.93%

European markets are currently trading higher

MBA Purchase Applications

Consumer Price Index

Housing Starts

EIA Petroleum Status Report

FOMC Meeting Announcement

It is Fed decision day

Crude Oil is $71.25 per barrel

Gold is $1133.50 per ounce

7 Stocks you need to know for Wednesday

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.

Tuesday, December 15, 2009

Dec 15 - Before the Open

Monday, December 14, 2009

I will return on Wednesday

I will return on Wednesday

Dec 14 - Before the Open

Stocks Trading Up in Pre-Market

CLDX, JAVA, SONS, SIGA, CENX

ENER, LOGI, NVMI, LOGI, TSTC

Upgrades and Downgrades

Upgrades:

NYB, MJN, PALM, NFX, RSH

FNSR, PPDI, ITW, SBIB, ALV

V, LFUS, TRMK

Downgrades:

TOT, PMCS, NRGY

Stocks to Watch for Monday

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed flat

In Hong Kong the Hang Seng closed up 0.84%

European markets are currently trading higher

Equity Settlements

FOMC Meeting Begins

Stocks set to climb on Citi, Dubai news

Crude Oil is $68.95 per barrel

Gold is $ 1122.50 per ounce

7 Stocks you need to know for Monday

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.

Friday, December 11, 2009

Dec 11 - Before the Open

Stocks Trading Up in Pre-Market

ARMH, ASML, GOLD, RYAAY, WPPGY

ACTS, SPPI, JASO, MPEL, CIEN

Upgrades and Downgrades

Upgrades:

CNTY, EW, CLWR, NCR, YHOO

BWY

Downgrades:

HNT, SAFM, BNI, CIG, MIPI

BRO, FFIV

Stocks to Watch for Friday

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 2.5%

In Hong Kong the Hang Seng closed up 0.93%

European markets are trading higher by 1%

Retail Sales

Import and Export Prices

Consumer Sentiment

Business Inventories

Crude Oil is $70.95 per barrel

Gold is $1,141 per ounce

7 Stocks you need to know for Friday

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.

Thursday, December 10, 2009

Dec 10 - Before the Open

Stocks Trading Up in Pre-Market

AVNR, HNSN, JASO, NLST, RIMM

AAPL, CSCO, DRYS, SOLF, QQQQ

Upgrades and Downgrades

Upgrades:

SFLY, ENTR, GDP, OXM, TROW

Downgrades:

MEE, AFAM, CKR

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 1.42%

In Hong Kong the Hang Seng closed flat

European markets are currently trading higher

International Trade

Jobless Claims

RBC Cash Index

Quarterly Services Survey

EIA Natural Gas Report

Treasury Budget

Money Supply

Equity Settlements

Crude Oil is $71 per barrel

Gold is $1125 per ounce

7 Stocks you need to know for Thursday

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.

Wednesday, December 09, 2009

Dec 9 - Before the Open

Stocks Trading Up in Pre-Market

AAPL, RIMM, ORCL, NVDA, SSRI

HITK, RMBS, NLST, SQNM, VNDA

Upgrades and Downgrades

Upgrades:

RNWK, BMRN, S, LQDT, ARAY

UNT, MMM, SQNM, CA

Downgrades:

KR, KMB, SPP, ACN, MITI

OLP

Stocks to Watch Today

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed down 1.31%

In Hong Kong the Hang Seng closed down 1.44%

European markets are currently trading slightly higher to flat

MBA Purchase Applications

Wholesale Trade

EIA Petroleum Status Report

Equity Settlements

Weekly Bill Settlement

Crude Oil is $73.50 per barrel

Gold is $1141.75 per ounce

7 Stocks you need to know for Wednesday

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.

Tuesday, December 08, 2009

Dec 8 - Before the Open

Stocks Trading Up in Pre-Market

ADCT, GERN, NVMI, XLNX, ZION

ARIA, ALTH, MRVL, SHPGY, SQNM

Upgrades and Downgrades

Upgrades:

NPBC, MTB, DIOD, JASO, STP

SYY, ERIC

Downgrades:

CNL, S, ENDP, TOO, EE

Stocks to Watch Today

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed down 0.27%

In Hong Kong the Hang Seng closed down 1.18%

European markets are currently trading lower

ICSC-Goldman Store Sales

Redbook

Equity Settlements

Obama: Use Tarp for job creation


Crude Oil is $73.50 per barrel

Gold is $1157 per ounce

7 Stocks you need to know for Tuesday

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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