Aug 31 - Before the Open
Yesterday's Sector Performance
This week's Economic Numbers
This week's Earnings Reports
Stock Market News, Breakouts, Swing Trades, Stocks in Play, Mojo plays, Position Trades, Options and Daytrades
Cranky consumers ended the 7 day stock rally on this final trading day of the week. Consumer optimism hit a 4-month low deflating the surging stock market. However, tech giants Dell and Intel increased their forecasts lifting the Nasdaq higher while the DJIA and S&P 500 closed lower on the day. The DJIA fell 36.43, the tech heavy Nasdaq eased higher by 1.04 , and the broad based S&P 500 gave back 2.05.
Here are 7 stocks you need to know for Monday.
Sun Microsystems (JAVA | Quote | Chart | News | PowerRating) is hoping that their loss isn't greater than 9 cents/share for the fiscal fourth quarter 2009. JAVA reports on Monday before the bell.
China Mass Media Advertising (CMM | Quote | Chart | News | PowerRating) has its sights set on an EPS of 14 cents for the second quarter, and will announce prior to the trading day on Monday morning.
Mattress maker, Culp (CFI | Quote | Chart | News | PowerRating), will reveal its fiscal first quarter 2010 EPS after the close Monday, with an expected earnings of 12 cents/share.
Game king, Take-Two Interactive (TTWO | Quote | Chart | News | PowerRating), has analysts expecting a fiscal third quarter 2009 loss of 78 cents/share.
High end retailer, Saks Fifth Ave (SKS | Quote | Chart | News | PowerRating) has just inked a deal to sell hipster brand Timberland (TBL | Quote | Chart | News | PowerRating) in several of its stores.
International Paper Company (IP | Quote | Chart | News | PowerRating) has announced its plans to create forests of genetically engineered super trees.
Dire news from the FDIC advising that the bank insurance fund is down 20% in the 2nd quarter failed to frighten the stock bulls. Shares surged higher turning positive in a late day rally marking the 8th straight gain for the market. Natural gas and oil climbed while the U.S. Dollar slipped further against other major currencies. The DJIA gained 37.11, the tech heavy Nasdaq advanced 3.30 and the broad based S&P 500 eased higher by 2.86.
Here are 7 stocks you need to know for Friday.
Noted Jeweler Tiffany (TIF | Quote | Chart | News | PowerRating) has investors expecting an EPS of 33 cents for the second quarter 2010. TIF will announce before the bell on Friday morning.
Ex CEO Hank Greenberg is being consulted by the current Regime at American International Group (AIG | Quote | Chart | News | PowerRating).
An EPS loss of 30 cents is forecast for the fiscal third quarter 2009 by the Shiloh (SHLO | Quote | Chart | News | PowerRating) Industries Friday before the open.
Anti monopoly investigations have begun against wireless providers AT&T (T | Quote | Chart | News | PowerRating) and Verizon (VZ | Quote | Chart | News | PowerRating).
The third quarter 2009 has the Bank of Nova Scotia (BNS | Quote | Chart | News | PowerRating) looking for an EPS of 74 cents during the trading day on Friday.
Goldman Sachs (GS | Quote | Chart | News | PowerRating) has been subpoenaed by regulators due to its tradition of having weekly meetings between analysts and traders.
After 6 straight days of gains, a listless drifting session was to be expected. Great news from the new homes sales and durable good numbers failed to generate stock buying excitement. Even word of General Electric seeking a suitor for its $2 billion dollar security unit failed to awaken the bulls. Despite the slow going, shares managed to eke out small gains on the day with the DJIA advancing 4.23, the tech heavy Nasdaq climbing 0.20 and the broad based S&P 500 just nudging higher by 0.12.
Here are 7 stocks you need to know for Thursday.
The low end general merchandise provider, Fred's Inc (FRED | Quote | Chart | News | PowerRating), has traders expecting an EPS of 13 cents for the fiscal second quarter 2010 before the open on Thursday.
Popular clothing retailer, American Eagle Outfitters (AEO | Quote | Chart | News | PowerRating), is forecast to earn 15 cents/share for its fiscal 2nd quarter 2010. AEO will report on Thursday prior to the bell.
Teen girl clothing company, dELiA*s Inc (DLIA | Quote | Chart | News | PowerRating), has analysts awaiting a loss of 17 cents/share Thursday ahead of the bell.
Shoe Carnival (SCVL | Quote | Chart | News | PowerRating) has its eyes set on a fiscal 2nd quarter 2010 EPS of 2 cents/share prior to the start of trading on Thursday morning.
Power company, A-Power Energy (APWR | Quote | Chart | News | PowerRating), has the street expecting an EPS of 21 cents for the second quarter, to reveal Thursday morning before the bell.
Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) won an appeals court ruling against Israeli drug maker, Teva (TEVA | Quote | Chart | News | PowerRating) that preventing the making of some generic copy drugs.
Bulls took control of the stock market today, despite shares closing off their highs of the session. Surprisingly positive numbers from home sales and consumer confidence powered the optimistic sentiment. Ben Bernanke was praised profusely by President Obama while being appointed to a second term further aiding the rising market. The DJIA advanced 30.01, the tech heavy Nasdaq climbed 6.25, and the broad based S&P 500 moved higher 2.43.
Here are 7 stocks you need to know for Wednesday.
Discount retailer, Dollar Tree Stores (DLTR | Quote | Chart | News | PowerRating), has its eye on fiscal second quarter 2010 of 54 cents prior to trading on Wednesday.
Analysts are expecting fiscal second quarter 2010 earnings of 54 cents for shoe store king, DSW Inc (DSW | Quote | Chart | News | PowerRating).
Four financial titans, Citigroup (C | Quote | Chart | News | PowerRating), Bank of America (BAC | Quote | Chart | News | PowerRating), Freddie Mac (FRE | Quote | Chart | News | PowerRating), and Fannie Mae (FNM | Quote | Chart | News | PowerRating) are credited with over 40% of all NYSE volume in August with each gaining more that 100% from the lows.
High end kitchen retailer, Williams Sonoma (WSM | Quote | Chart | News | PowerRating) hopes its second quarter 2010 loss does not exceed 9 cents/share.
Stocks rocketed higher on the final trading session of the week. A happy go lucky Ben Bernanke triggered the optimistic spirit by stating he believes the economic recovery is near during a speech at the tony resort town of Jackson Hole, Wyoming. Oil spiking higher and a very positive housing report added to the enthusiastic buying. The bulls paid little heed to news of a prison term for a bad UBS banker with stocks closing near the high of the day. The DJIA rocketed 155.91, the tech heavy Nasdaq advanced 31.68 and the broad based, market barometer S&P 500 soared 18.76.
Here are 7 stocks you need to know for Monday.
News Corp (NWS | Quote | Chart | News | PowerRating) is looking into selling its famed Dow Jones Indexes.
JP Morgan (JPM | Quote | Chart | News | PowerRating) and American International Group (AIG | Quote | Chart | News | PowerRating) had the estimated value of assets securing governmental loans increased possibly reducing losses.
China Nepstar Drugstore (NPD | Quote | Chart | News | PowerRating) is expecting to see an EPS of 5 cents for the second quarter 2009 before the open on Monday.
Grocery chain, Winn-Dixie Stores (WINN | Quote | Chart | News | PowerRating), is waiting until after the bell on Monday to see a fiscal fourth quarter 2009 EPS of 18 cents.
Home builder, NVR Inc (NVR | Quote | Chart | News | PowerRating), was the first builder to be upgraded by Moodys since 2006.
American citizens, who bank in Switzerland with UBS (UBS | Quote | Chart | News | PowerRating), have been given until September 23 to reveal their assets prior to facing possible criminal charges including jail time.
Rumors of an Obama led announcement of additional economic stimulus being needed sent shares steeply lower in the pre-open. However, the White House quickly quashed the bear awakening tall tale triggering the bull faction to buy the created bargains at the open. Additional bullish news from the oil inventory front pushed the market to a solid rally closing nicely higher on the day. The DJIA soared 61.22, the Nasdaq advanced 13.32, and the broad based S&P 500 added 6.79.
Here are 7 stocks you need to know for Thursday:
Children's Place Retail (PLCE | Quote | Chart | News | PowerRating) has traders awaiting an EPS loss of 45 cents for its fiscal second quarter 2010. PLCE reports on Thursday before the bell.
Book seller giant, Barnes & Noble (BKS | Quote | Chart | News | PowerRating), has forecast a fiscal second quarter 2010 EPS of 10 cents, which will be release prior to trading Thursday.
A fiscal second quarter 2010 EPS of 30 cents is expected Thursday before the bell for GameStop (GME | Quote | Chart | News | PowerRating).
Meat specialist, Hormel Foods (HRL | Quote | Chart | News | PowerRating), has analysts routing for an EPS of 52 cents prior to the trading day for its fiscal third quarter 2010.
Shipping giant, Teekay (TK | Quote | Chart | News | PowerRating), has an EPS loss of 71 cents expected early Thursday morning for the second quarter.
Sears (SHLD | Quote | Chart | News | PowerRating) has projected an EPS of 35 cents, and will announce before trading on Thursday, for the fiscal second quarter 2010.
After the close on Thursday, Salesforce.com (CRM | Quote | Chart | News | PowerRating), is expecting to see a fiscal second quarter 2010 EPS of 15 cents.
The aggressive selling continued on the first day of the week. Deep seated fears that the recovery is built on a shaky foundation and consumer spending concerns drove shares sharply lower. After the initial opening sell off, stocks struggled in vain to regain footing while the VIX fear gauge held onto most of its gains. The DJIA spiked down 186.06, the tech heavy Nasdaq was slammed 54.68, and the broad based S&P 500 cracked the 1000 support level falling 24.36.
Here are 7 stocks you need to know for Tuesday.
Big box home do-it-yourself giant, Home Depot (HD | Quote | Chart | News | PowerRating), is expecting to see 59 cents/share for its fiscal second quarter 2010. HD reveals before the bell on Tuesday.
High end retailer, Saks (SKS | Quote | Chart | News | PowerRating), isn't going to be as lucky with an estimated loss of 52 cents for its fiscal second quarter 2010 prior to the trading day on Tuesday morning.
The favorite fashion retailer of bargain craving fashionistas, Target (TGT | Quote | Chart | News | PowerRating), has 66 cents/share in its sights for the fiscal second quarter 2010 announced Tuesday prior to the bell.
86 cents/share is the projected fiscal fourth quarter 2009 results for Cardinal Health (CAH | Quote | Chart | News | PowerRating) before trading starts on Tuesday.
La-Z-Boy (LZB | Quote | Chart | News | PowerRating) is relaxing when waiting for a projected fiscal first quarter 2010 loss of 6 cents to be revealed after the trading day ends on Tuesday evening.
Computer firm, Hewlett Packard (HPQ | Quote | Chart | News | PowerRating), has its eye on fiscal third quarter 2009 earnings of 89 cents/share.
Announcing before the bell, Perrigo Company (PRGO | Quote | Chart | News | PowerRating), is expecting to see fiscal fourth quarter 2009 earnings of 46 cents/share.
It was wham, bam thank you, ma'am for the bulls today as rumors of over 150 publicly traded banks holding greater than five percent bad loans brought the rally to a screeching halt. Five percent is considered the maximum a bank can withstand without becoming insolvent. Further fears that stock market optimism is overdone added to the negative sentiment on the day. Despite the downbeat tone, stocks managed to rally near the close, ending the day well off their lows as bargain hunters took advantage of the fear. The DJIA ended the day down 76.79, the tech heavy Nasdaq gave up 23.83, and the broad based S&P 500 dropped 8.64.
Airline giant Boeing (BA | Quote | Chart | News | PowerRating) has further delayed releasing its 787 Dreamliner aircraft after finding flaws in 23 of the planes.
The fiscal second quarter 2010 is expected to show 53 cents/share for home do-it-yourself retailer Lowe's (LOW | Quote | Chart | News | PowerRating), prior to trading on Monday.
Beat down CIT Group (CIT | Quote | Chart | News | PowerRating) has traders expecting a loss of $1.83 for the second quarter 2009 Monday morning before the bell.
Announcing after the close on Monday, Agilent Technologies (A | Quote | Chart | News | PowerRating) is expecting to see fiscal third quarter results of 11 cents/share.
Rumor has it that BB&T Corp (BBT | Quote | Chart | News | PowerRating) is taking over near dead Colonial Bancgroup (CNB | Quote | Chart | News | PowerRating).
American International Group (AIG | Quote | Chart | News | PowerRating) has just made an unusual amendment to its bylaws making sure that the Chairman is independent from management.
Yesterday's unstoppable momentum continued today despite a steep pre-open sell off of Index Futures. Shaky job data and negative news from the retail front failed to dampen the optimistic spirit permeating the stock market. The DJIA added 36.58, the tech heavy Nasdaq advanced 10.63 and the broad based S&P surged another 6.92.
Here are 7 stocks you need to know about for Friday.
Sometimes controversial clothing retailer, Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) is expected to suffer a 6 cents/share loss in its fiscal second quarter 2010. ANF reports prior to the opening bell on Friday.
Discount retailer, JC Penny (JCP | Quote | Chart | News | PowerRating), is also expecting to report a loss of 1 cents for its fiscal second quarter on Friday before the trading day.
King Pharmaceuticals (KG | Quote | Chart | News | PowerRating) just won U.S. approval for its so called safe pain killer.
Bank of America (BAC | Quote | Chart | News | PowerRating) has filed a $1 billion dollar law suit against near dead Colonial Bancgroup (CNB | Quote | Chart | News | PowerRating) to return collateral.
Wal-Mart (WMT | Quote | Chart | News | PowerRating) is considering expanding to emerging markets and was able to keep profits neutral despite a drop in sales.
China Sky One Medical (CSKI | Quote | Chart | News | PowerRating) has its eye on an EPS of 51 cents for the second quarter 2009 before trading starts.
The Federal Reserve expressed confidence that the worse was behind us during the FOMC statement today at 2:15 PM EST. They backed their words up by starting to wind down the bond purchase program designed to support the economy being it is no longer needed. Not all economic news was positive with home prices dropping over 15% in the second quarter further weighing on American consumers. The DJIA roared higher by 120.16, the Nasdaq gained 28.99, and the broad based S&P 500 advanced 11.46.
Here are 7 stocks you need to know for Thursday.
Retail giant, Wal-Mart (WMT | Quote | Chart | News | PowerRating) announces its fiscal second quarter 2010 results Thursday before trading with an expected EPS of 85 cents.
Hip clothing retailer, Urban Outfitters (URBN | Quote | Chart | News | PowerRating) is forecast to see an EPS of 26 cents prior to the bell for its fiscal 2nd quarter of 2010.
A loss of 8 cents is the projected fiscal fourth quarter results for Elizabeth Arden (RDEN | Quote | Chart | News | PowerRating), which is expected Thursday morning before the trading day.
Dr. Pepper Snapple (DPS | Quote | Chart | News | PowerRating) has traders anxiously awaiting an EPS of 50 cents for its fiscal second quarter 2009 before the bell on Thursday.
After the close on Thursday, traders can expect to hear from Kohl's (KSS | Quote | Chart | News | PowerRating). An EPS of 74 cents for their fiscal second quarter 2010 is expected.
Before the bell, Gildan Activewear (GIL | Quote | Chart | News | PowerRating) reports with a forecast fiscal third quarter EPS of 29 cents.
A 4 cents/share loss is what investors expect for Briggs & Stratton (BGG | Quote | Chart | News | PowerRating). BGG reports its fiscal fourth quarter of 2009 on Thursday before trading.
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