After Hours Summary
After Hours Summary: GOOG -7.0% on earnings; ALTR +3.3% on earnings/guidance; MOT +10.1% (to explore structural and strategic realignment of its businesses to enhance shareholder value) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: PAR +15.0%; ISRG +14.9%; STAR +13.3%; INFN +12.9%; SWIR +10.7%; COGO +6.9%; TSRA +6.7%; LAVA +5.3%; DLB +5.3%; AFFX +4.7%; SIMO +4.6%; CA +4.1%; ALTR +3.3%; CLS +2.3%; FMD +1.9%; DNEX +1.7%; ZHNE +1.4%; ISSI +1.4%; ACLS +1.3%; CYTK +1.0%... Trading Down: OMCL -12.3%; DRIV -11.2%; ACTU -10.5%; ABAX -9.4%; COLM -8.2%; BEBE -7.1%; GOOG -7.0%; SXE -6.7%; AVID -5.5%; TRID -5.4%; MNT -4.6%; SYMM -4.4%: PFWD -4.1%; SMTL -3.2%; ZIGO -3.1%; ELY -3.0%; RFMD -3.1%; ERTS -3.1%; CPSI -2.7%; CBAK -2.3%; MIL -1.7%; RDEN +1.5%; EXAR -1.1% ... Companies moving in after hours trading in reaction to news: Trading Up: FLS +10.8% (raises 2007 revs above consensus; sees FY08 EPS above consensus); MOT +10.1% (to explore structural and strategic realignment of its businesses to enhance shareholder value); XPO +5.9% (expects Full Year 2008 revenue to exceed $120 mln); JAZZ +5.0% (announces submission of complete response to FDA approvable letter for LUVOX CR); COF +2.7% (announces $2 billion share buyback; $0.027 dividend increase to $0.375)... Trading Down: TSRA -6.7% (to acquire FotoNation for $29 mln); TRID -6.6% (expects 2H08 revs of $100-110 mln vs First Call consensus of $126.2 mln); SLW -4.1% (Goldcorp Announces Secondary Offering Of Its Entire 48% Interest In Silver Wheaton); EPIX -3.9% (reaches agreement with FDA on protocol, initiates re-read of Vasovist Phase 3 images); MW -1.2% (announces that Doug Ewert has been promoted to President and Chief Operating Officer (formerly EVP and COO); HRB -1.0% (implements cost reduction program; co plans to lower costs $110 mln
Sold GOOG
Sold GOOG here not wanting to hold into Earnings good luck to those who do, will willing to trade it after market
Holding
AAPL
CVC
SIRI
XMSR
ISRG
DYN
VLO
INTC
MSO
FXI
FRPT
Google expected to report strong growth
Google expected to report strong growth
Outlook may be muted, as Web giant refuses to issue financial guidance
By John Letzing, MarketWatch
Last update: 1:12 p.m. EST Jan. 31, 2008
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SAN FRANCISCO (MarketWatch) -- Google Inc. is expected to report double-digit percentage gains in both profit and sales when it posts fiscal fourth-quarter financial results after the markets close Thursday.
Investors nervous about the outlook for technology firms in 2008 will have to look elsewhere, however, as the Web search giant has a long-standing practice of not giving financial guidance for future periods. But analysts will still be able to hear any commentary from Google relating to the online advertising business, given the recent troubles in the U.S. economy.
Analysts polled by Thomson Financial estimate Google (GOOG:
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GOOG 555.61, +7.34, +1.3%) will post earnings of $4.44 a share, on $3.45 billion in revenue. In the same period last year, Google reported earnings of $3.29 a share and $2.23 billion in revenue.
Thomas Weisel analyst Christa Quarles wrote in a note to clients that she doesn't anticipate a slowdown for Google's advertising sales, even if the economy worsens.
"A consumer slowdown could be offset at Google through ongoing [search] query share gains and strong performances from the company's international franchises," Quarles wrote.
Citigroup analyst Mark Mahaney said in his own report that Google remains "one of the best plays off the secular growth in Internet advertising."
Like other tech stocks, Google has sold off sharply in the past three months. The stock has slid 35% since peaking around the $740 mark in early November. It now trades around the $550 mark.
Mahaney maintains a $775 price target on the shares. He notes that Google continues to take a bigger share of the Internet search market, and numerous growth opportunities remain for the company, including video and mobile advertising.
Google's planned acquisition of online advertising company DoubleClick could also dramatically expand its reach, Mahaney wrote, though the deal has not yet been approved by European antitrust regulators.
One area of concern for analysts has been Google's participation in a current government auction of wireless spectrum. A minimum bid of $4.6 billion is required for the portion of spectrum Google is thought to be interested in, called the "C block." That has raised questions about the financial impact of Google's participation, in addition to concerns about what exactly the company would do with any spectrum it might acquire.
Bidding on the C block reached $4.29 billion as of Wednesday, according to Federal Communications Commission data, though the identity of individual bidders is not being publicly disclosed.
"Adding a $4.6 billion spectrum bill would alter [Google's] valuation equation substantially," Quarles wrote. She added, however, that "the Street assumes Google will bid to the reserve price, but won't 'bid to win' the spectrum." End of Story
John Letzing is a MarketWatch reporter based in San Francisco.
Erin Burnett "The Future of CNBC"
Erin Burnett showing why she is the real Money Honey leading the polls.
Thanks to one of the listners at www.daytradingradio.com
Thanks Bill
Yesterdays Candle was Very Bearish lets look at the Shooting Star
The Shooting Star is comprised of one candle. It is easily identified by the presence of a small body with a shadow at least two times greater than the body. It is found at the top of an uptrend. The Japanese named this pattern because it looks like a shooting star falling from the sky with the tail trailing it.
Signal Enhancements
1. The longer the upper shadow, the higher the potential of a reversal occurring.
2. A gap up from the previous day's close sets up for a stronger reversal move provided.
3. The day after the Shooting Star signal opens lower.
4. Large volume on the Shooting Star day increases the chances that a blow-off day has occurred although it is not a necessity.
Pattern Psychology
After a strong up-trend has been in effect, the atmosphere is bullish. The price opens and trades higher. The bulls are in control. But before the end of the day, the bears step in and take the price back down to the lower end of the trading range, creating a small body for the day. This could indicate that the bulls still have control if analyzing a Western bar chart. However, the long upper shadow represents that sellers had started stepping in at these levels. Even though the bulls may have been able to keep the price positive by the end of the day, the evidence of the selling was apparent. A lower open or a black candle the next day reinforces the fact that selling is going on.
Economic Numbers
08:30 ECONX Initial Claims 375K vs 319K consensus, prior revised to 306K from 301K
08:30 ECONX Dec. PCE Deflator YoY 3.5 % vs. 3.5% consensus
08:30 ECONX Dec. PCE Core MoM 0.2 vs. 0.2% consensus
08:30 ECONX December Personal Spending +0.2% vs +0.1% consensus, prior revised to 1.0% from +1.1%
08:30 ECONX Dec. PCE Core YoY 2.2 vs. 2.2% consensus
Upgraded server to hold more listeners
so if you were locked out of the radio today, don't worry DayTraderRockStar has come thru for you..you can thank Martha Stewart.
Asia gripped by volatility after Fed rate cut
Wednesday, January 30, 2008
Japanese, Australian and South Korean shares rose after opening on a weak note, while Hong Kong shares gave up early gains as investors considered negative news flows related to the health of the global financial markets and the recent correction in Shanghai-listed stocks.
"It is a real mad mess at the moment here," said Michael Heffernan, senior client adviser at Austock Stockbroking in Melbourne.
"When the dust settles, people are going to see that interest rates in the U.S. are now at 3% and not at 5.25%, where they were months ago. It has got to be very positive ... But the initial reaction here is disappointment (about the overnight fall on Wall Street) tinged with excitement," he added.
Chart of JP:1804610
Japan's Nikkei 225 average rose 0.6% to 13,417.98 at the end of a volatile morning session, during which it dropped as low as 13,154.77. The broader Topix index gained 0.7% at 1,328.88.
In Hong Kong, the Hang Seng Index fell 1.6% to 23,270.71 after rising as high as 23,887.17 in the opening minutes. The Hang Seng China Enterprises index fell 2.7% at 12,410.12.
"I think the mood of the market is one of caution. There are too many uncertainties on the state of the U.S. economy and a lot of people just don't want to stick their necks out," said Howard Gorges, vice chairman at South China Brokerages in Hong Kong.
"We're just in one of those phases when it's hard to call the markets. People prefer to be defensive. If there's a sharp fall, buyers want to come in but they don't want to chase it up," he added.
China's Shanghai Composite rose as high as 4,487.32 during the session, but couldn't sustain the gains in the wake of brutal weather conditions in south and central China, where tens of millions of people were affected by the worst winter the country has faced in five decades. The index was recently up 0.6% at 4,442.11.
Australia's S&P/ASX 200 dropped 0.1% to 5,612.20, after wavering between 5,448.50 and 5,655.50 during the session. South Korea's Kospi jumped 1% to 1,606.29, bouncing off the day's low at 1,570.87, New Zealand's NZX 50 index dropped 0.5% to 3,679.56 and Taiwan's Weighted index fell 1.2% to 7,450.23
After Hours Summary:
After Hours Summary: SBUX -2.3% on earnings; CFC -2.8% (says remains ahead of schedule on 6-year 7,500 job commitment to Texas enterprise fund) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: CNQR +12.8%; SMCI +8.4%; ININ +6.3%; TSCO +4.8%; ADS +4.2%; ESLR +3.8%; HRS +3.6%; CTS +2.0%; ADPT +1.8%; EXPO +1.5%; CCK +1.5%; CAI +1.5%; MLNX +1.4%; CVD +1.4%; AFL +1.3%; FNF +1.1%; PHM +1.0%... Trading Down: ARAY -29.2%; CDNS -23.4%; BLOG -19.0%; AMZN -11.1%; MTSN -8.5%; RNOW -8.4%; NEWP -4.6%; NVLS -3.5%; VIRL -3.0%; HSTX -3.0%; SBUX -2.3%; MIPS -2.2%... Companies moving in after hours trading in reaction to news: Trading Up: RFIL +10.2% (requests extension to file 10KSB; guides for Q4 EPS of $0.13 vs $0.13 in 4Q060; MMA +5.9% (completes bond refinancing); MEH +3.0% (announced U.S. Department of Justice closes investigation of pending acquisition of Midwest Air Group; transaction expected to close January 31); AMAG +3.0% (provides additional clinical information on ferumoxytol; will host conference tomorrow at 9am ET); EWST +2.6% (declares three-for-two stock split); MUR +2.4% (announces prelim Q1, guides Q4 EPS); KFED +1.7% (authorizes new stock repurchase plan to repurchase up to 10% of its common stock); CTIC +1.6% (cuts net operating expenses 35% and expands commercial team to support Zevalin sales and applications seeking two product approvals in 2009); BAS +1.5% (announces two acquisitions; acquisitions are anticipated to be accretive to earnings in 2008); EBHI +1.4% (announces a reorganization of their corporate staff; job cuts represent an aggregate of 16% of the corporate staff); CPRT +1.1% (lanelogic partners with Pep Boys to facilitate an alternative for consumers to sell their cars for cash); ABM +1.1% (announces two acquisitions; acquisitions are anticipated to be accretive to earnings in 2008)... Trading Down: CEP -4.5% (files a $1 bln mixed shelf offering in an S-3); CFC -2.8% (says remains ahead of schedule on 6-year 7,500 job commitment to Texas enterprise fund); GLAD -1.6% (prices 3 mln shelf offering at $17.00 per share); MER -1.2% (says top execs did not get bonuses for 2007 work -- Reuter
DayTraderRockStar when he was a pirate DJ
A very korny movie when i was a Pirate DJ in NY for your entertainment
Earnings Calendar
Earnings Calendar
Today after the close look for the following companies to report: ADPT, AFL, ADS, AMZN, BLOF, CAI, CDNS, CRUS, CVD, CCK, DNB, EXP, RE, ESLR, FNF, HRS, HSTX, MIPS, MUR, NEWP, NVLS, OIIM, OI, PHM, RNOW, SBUX, TTEK, TSCO, and VIRL. Tomorrow before the open look for the following companies to report: AGYS, ATK, AMSC, AZN, BPHX, BCO, BMY, BKC, CAM, CELG, CVS, DCP, SSP, FLO, GR, GMCR, GHL, HOLX, IMCL, ICE, MRO, MA, MAT, MBI, MPW, NDAQ, NYT, NCX, OHI, ODFL, BTU, PG, RSTI, HOT, TSM, TSO, UTEK, UA, WU, and WYE. Click here for a complete listing of all the companies scheduled to report.
Earnings Preview of the Financial Exchanges
Earnings Preview of the Financial Exchanges
The financial exchanges (CME, ICE, NMX, NYX, NDAQ) will report Q4 earnings over the next week, with ICE and NDAQ due out tomorrow before the open, NMX out on Friday morning, and CME & NYX set for next Tuesday. The big news in the group this week was Monday's announcement that CME and NMX are in preliminary talks for CME to acquire NMX. The cash and stock deal is worth around $116 per NMX share (using current CME stock price), representing a valuation multiple of about 32x 2008 EPS ests. NMX had long been rumored as a takeover candidate, and consolidation is nothing new to the space, with CME previously acquiring BOT, NYX announcing the acquisition of AMEX earlier this month, NDAQ/Bourse Dubai buying Nordic exchange OMX, and many other deals and partnerships taking place in the recent past..
Fed Announcement Trade
Doing my best to not trade today,but picking up some INTC @ 20.66 and seeing some relative strength in AAPL, what do you do before 2:15 announcement..sit tight, after the fed there will be opportunities, if you are holding long into fed consider hedging your longs with a position in QID or taking some VIX calls, both of which i did today, and will unload on a move down. Now do i you want to buy on a sell off..thats a good possibility and i will be picking up a dip in INTC and might like to get a trade in GOOG as any pullback should rebound fast ..be careful today,and know there is always another day to trade tomorrow. What if the market rallies, well most are thinking the rally will be sold, so watch for it to hold and if it does we could be in for a massive pile on as people will be coming out and calling last week a bottom
Selling my ETFC today near open its been a nice trade
selling at 4.40 here and holding just a few hundred into open and will sell.
Goodbye ETRADE nice knowing you..
Yahoo, will be a buy at one point today
YHOO Yahoo!: Kitchen sink guidance paves way for better results in 2H08 - Susquehanna (20.81 ) -Update-
After Hours Summary
Tuesday, January 29, 2008
After Hours Summary: YHOO down 10.9% on earnings/guidance; LEH up 2.8% (increases dividend 13%; continues stock buyback); SC down 2.2% (Alberta says reaches royalty agreement with SU; says SU to pay 20% more royalties under new deal, talks continue -- Reuters) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: PXLW +25.2%; TUP +9.0%; WBSN +8.1%; EGLT +8.0%; BBOX +7.8%; CYBS +6.4%; HLIT +6.3%; JBHT +6.1%; INFA +5.8%; FLEX +3.4%; SHOR +3.1%; CALD +3.1%; CSGS +2.8%; NETL +1.3%... Trading Down: ALGN -19.9%; CYMI -15.7%; CLZR -12.9%; YHOO -10.9%; NATI -8.1%; SLGN -5.1%; CTX -4.5%; FDRY -3.3%; HIFN -3.2%; TRMB -2.3%; AMIS -2.0%; IKAN -1.3%... Companies moving in after hours trading in reaction to news: Trading Up: PXLW +25.2% (announces "Modified Dutch Auction" tender offer for up to $50 million principal amount of its convertible debt securities); PEIX +10.8% (among four companies selected by US Department of Energy to research commercial cellulose technology); INFA +5.8% (FAST signs OEM Partnership agreement with Informatica); NEXC +3.5% (acquires the Great American Cookie Company and expects to be accretive beginning in 2008; also revised upward FY08 guidance); LEH +2.8% (increases dividend 13%; continues stock buyback)... Trading Down: NTEC -3.2% (announces discontinuation of NE-180 program); CAB -2.8% (guides Q4 below consensus, lowers store opening forecast for 2008); SU -2.2% (Alberta says reaches royalty agreement with SU; says SU to pay 20% more royalties under new deal, talks continue -- Reuters); BSC -1.5% (In its 10-K, discloses that is has received requests for information from regulators relating to subprime mortgages); ABK -1.4% (declares dividend of $0.07 per share); WYE -1.3% (announces launch of own generic version of Protonix).
Earnings after close
Today after the close look for the following companies to report: ALGN, ALGT, AMIS, BXP, CTX, CYMI, FBC, FLEX, HLIT, HTCH, IKAN, INFA, JLL, NETL, PXLW, SHOR, SLGN, TRMB, UDR, WBSN, and YHOO. Tomorrow before the open look for the following companies to report: AMG, MO, APU, BHI, BA, DOV, EK, ITW, KFT, LM, MRK, NCR, NI, OSTK, PAS, SAIA, SEE, SPIL, SO, UGI, UMC, WWW, and XEL. Click here for a complete list of all the companies scheduled to report.
Portfolio Update
CVC been adding all morning from 22.17-22.50 looking for a swing here
Taking half of JBLU off table 5.41
IMB added to 300
holding SIRI, MSO, XMSR, AAPL FRPT
Like NOK, BIDU (short)
a great idea to take some calls in the vix into fed meeting to hedge any longs
Startinga Position in CVC today starting with 200 shares
Think this one is about to move on news, after failed attempt to bring this private at 36.00 a share. shares down over 40% and seeing some opportunities here for another shot to get company private.. here is an analyst note that also is hitting the wires
Cablevision: Adding subs despite VZ onslaught, while others lose subs; could try to go private again - Pali Research (21.70 )
Pali notes while CVC management guidance is for flat 2007 basic subscribers (implying an increase in Q4 subs), they believe investors are expecting a meaningful decline in Q4 basic subs. They believe CVC actually ADDED basic subs in Q4 2007, albeit the co may have fallen just shy of its goal of flat basic subs for the year -- they are now expecting 500 net sub adds vs. their prior estimate of a 7K loss. They believe CVC's positive Q4 basic sub additions are all the more impressive given the declines they expect at both CMCSA and TWX. They believe the Dolans may be reticent to aggressively repurchase CVC shares in the open market, in hopes of making yet another attempt to privatize CVC (using other people's money, ie. banks). With CVC down 40% in three months, they believe a Dolan offer would be quite difficult for shareholders to reject, even if the offer was well below the last "go private" attempt.
State of the Union Address
Monday, January 28, 2008
Was it just me, or did it seem like Prez Bush didn't hammer home the economy issues, watching the futures during the speech and seeing the lack of confidence in his speach, as futures drift lower, lets hope they can spin this before tomorrow. My bet we open up down 10 on the S&P.
over seas markets up for right now
^SSEC Shanghai Composite 4,469.59 10:16PM ET Up 50.30 (1.14%)
^HSI Hang Seng 24,387.95 10:31PM ET Up 334.34 (1.39%)
^BSESN BSE 30 18,152.78 5:28AM ET 0.00 (0.00%)
^JKSE Jakarta Composite 2,619.20 10:46PM ET Up 37.15 (1.44%)
^KLSE KLSE Composite 1,380.54 4:02AM ET Down 24.86 (1.77%)
^N225 Nikkei 225 13,329.07 9:30PM ET Up 241.16 (1.84%)
^NZ50 NZSE 50 3,717.68 10:26PM ET Up 7.36 (0.20%)
After Hours Summary:
After Hours Summary: SNDK down 5.3% on earnings/guidance; ABK up 3.3% (JP Morgan files amended 13G filing disclosing increased 7.7% stake, up from prior stake of 5.4%) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: STLY +17.9%; SSCC +9.0%; ARG +4.6%; IPAR +3.4%; UNM +1.9%; AMLN +1.7%... Trading Down: VMW -26.3%; ZRAN -21.5%; ICUI -16.9%; MTH -9.3%; RBI -6.8%; SNDK -5.3%; ALB -4.7%; JDAS -2.8%; CLMS -2.8%; AXP -2.7%; CNW -1.3%... Companies moving in after hours trading in reaction to news: Trading Up: ABK +3.3% (JP Morgan files amended 13G filing disclosing increased 7.7% stake, up from prior stake of 5.4%); LEN +2.7% (declares a quarterly cash dividend of $0.16/share for Class A and B common stock); SSRX +1.4% (announces appointment of Kevin Sow Peng Teo as Chief Financial Officer)... Trading Down: SEPR -12.1% (Nycomed's Ciclesonide to be commercialized in the United States by Sepracor); RBI -6.8% (comments on recent stock volatility; Announces $10 million share buyback plan); NPSP -2.9% (provides update on Gattex clinical development in short bowel syndrome); AGO -2.5% (SAC Capital discloses 5.4% stake in SC 13G); NXG -1.7% (say it had gold production of 41,467 ounces in Q4 bringing total 2007 production to 245,631 ounces); VIVO -1.3% (promotes John Kraeutler to Chief Executive Officer, William Motto moves to Executive Chairman).
Earnings Calendar
Earnings Calendar
Today after the close look for the following companies to report: ACTS, ARG, AXP, AMLN, CLMS, EEP, GGG, JDAS, MTH, MSPD, PCL, SNDK, SSCC, STLY, STLD, UNM, VLTR, and ZRAN. Tomorrow before the open look for the following companies to report: MMM, AAI, AEP, BMS, CAH, CRS, CHTT, CNX, COCO, CFC, DOW, LLY, HW, JBLU, LXK, NNDS, OXY, PCAR, PBG, SMG, TROW, X, UIS, VLO and ZMH. Click here for a complete listing of all the companies scheduled to report.
FRPT Force Protection Risk Reward Trade
Slowly grinding up look at the daily chart we are crossing 20dma and this could trigger some buying, off its highs 31 dollars now trading in the 4's with 13 million + shorts this looks like a possible short squeeze bounce play
The Charting Software I Use
This blog is a work in progress, so it is not fully completed, if there is something you would like added to it please let me know http://www.dailymoneyblog.com/?page_id=9
Fed Chairman Bernanke new Job Position
Sent in from a listener, a sign of things to come if the fed doesn't cut rates this week. Can you say fries with that burger?
SIRI Sirius Satellite: Q4 preview
SIRI Sirius Satellite: Q4 preview; 2008 guidance likely encouraging - Wedbush (2.89 )
Wedbush is expecting SIRI to guide to at least 10 million subs for 2008 vs. our 10.2 million forecast up from 8.3 million subs in 2007. Cash flow guidance should be the other key area, with the question being whether or not Sirius guides to being free cash flow positive for the year. However, even though they are not expecting the co to turn FCF positive until 2009, firm still expects marked improvement in 2008. Consequently it would not be inconceivable if the co guides to positive free cash flow in 2008, assuming no merger. All that said, firm would be disappointed if the co backed away from stand alone guidance as a result of the merger process.
VMW VMware: Preview; strong trends continue - Caris (80.55 )
possible trade on EMC off this earnings in VMW after close today
Caris expects VMW to report a strong quarter (rev of $431 mln, up 88% Y/Y; NG EPS of $0.26) for FQ4. Firm's checks indicated that sales of VMW remain strong as the co focuses more on ELAs.
GOOG Google: Q4 tracking ahead in U.S.; raising ests - RBC (566.40 )
GOOG Google: Q4 tracking ahead in U.S.; raising ests - RBC (566.40 )
RBC is raising their net rev growth est for 4Q07 to +16.4%, up from +15.5%, primarily as a result of stronger than expected growth in the U.S. Firm's checks indicate that the holiday season for paid search marketing was robust, despite an early start in 2007 the U.S. Growth in Europe was solid in 4Q, but typically lags the U.S. as the holiday season is less pronounced. Firm's Google "must-buy" analysis suggests an entry point below the $600 level, so with a potentially strong quarter ahead, they are comfortable buying shares at current levels.
12:50 am Sunday Night Update ASIAN MARKETS DOWN SHARP
Nasdaq Futures down 28.00
S&P Futures down 19.00
itters over U.S. economic woes push Asia's regional benchmarks sharply lower Monday morning. Tokyo's Nikkei drops 2.8%; Hong Kong's Hang Seng falls more than 4.3%. Shanghai's Composite index plunges 7%.
Possible trade for tomorrow on gap down AAPL
Barrons’ “The Trader” column discusses Apple (AAPL), whose shares are down 35% in a month. At 130, shares trade at 20.7x forward earnings, the cheapest in a while. Stripping out its big cash stash, the stock trades at about 13x FCF. While the Street frets about slowing iPod sales, it's easy to forget Apple’s range. Mac revs grew 47% last qrtr. Unit sales are expected to increase at a pace more than double the industry's 11.6%, and Apple continues to gain share in the computer and phone mkts. Investors moaning about the 4m iPhones sold so far forget that Apple had no mobile-phone presence just a yr ago. Margins near 35% should improve with cheaper component prices, and Apple is rolling out its new operating system and iPhones overseas. In fact, Apple's knack for packaging aspiration and creating things ppl feel compelled to own will stand it in good stead in a spending slowdown. The new "MacBook Air," for instance, has inspired lust among existing laptop owners, and the buzz among young media types means consumer magazines will pant after it in print for mo’s to come. If history holds true, profit taking in Apple will exhaust itself about 21 days after the earnings report. Last week, Citigroup analyst Richard Gardner called the sell off "overdone." Deutsche Bank analyst Chris Whitmore has a 225 price tgt.
Looking a a buy in GS
Friday, January 25, 2008
Be care with this trade, you might have to be fast, and GS could pullback to 193-194 area and still be in a buy situation
Selling GOOG premarket 8:15am
Taking GOOG off the tabel here sold out of all shares @ 591.50, Not looking back, but would concider getting back in on pull back
Market View:
Market View: Stock indices extend pull back off morning highs, muted reaction of Energy data (1338 -0.43) -Update- -Technical-
Noted in the 10:12 update that the S&P 500 had tested/stalled near resistance in the 1353/1354 area (session high 1353.24) after a roughly 6.5% sprint off Wednesday's midday low raising potential for some corrective trade to kick in. Have seen some follow through downticks develop but the decline has been relatively limited thus far. Intraday patterns suggest potential for further sideways to lower trade which would allow the market to catch its breadth after the recovery sprint without inflicting damage to the reversal. Short term supports below the low (1334) are at 1330 and 1323.
BRCM Broadcom
BRCM Broadcom: AmTech anticipates solid Deb quarter; guidance likeley seasonak, reducing ests (21.18 )
AmTsch notes BRCM is due to report its December quarter results this Thursday after the close. We believe revenue and EPS will come in-line to slightly better than consensus estimates of $1.02 billion and $0.32. For the March quarter, we believe BRCM will likely guide to seasonal trends vs. consensus ests looking for flattish at $1 bln. Sources indicate seasonal softness across its end markets and so they prefer to err to the conservative side. As a result, they are trimming ests: For March quarter, modeling $965 mln in revenue and $0.26 (from $1 bln and $0.30) vs. consensus at $1 bln and $0.29. For 2008, now at $4.18 bln and $1.25 (from $4.4 blnand $1.35) vs. consensus at $4.4 bln and $1.35. Firm cuts tgt to $30 from $34
Interesting article on SIRI
XM, Sirius Higher; Rumor Deal Could Be Approved Soon
Posted by Eric Savitz
Shares of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI) are higher today on rumors that the proposed merger of the two companies could win approval from the Justice Department and the FCC as soon as tonight. This is not the first time this kind of rumor has been circulated; and it hasn’t proven out so far. This time, the source is Briefing.com; the story has picked up by TheStreet.com and by CNNMoney.com
XM shares today are up 11 cents at $10.69; Sirius is up 6 cents at $2.71.
Ready for another crazy day
08:30 ECONX Initial Claims 301K vs 320K consensus, prior revised to 302K from 301K
Looking for a great chance of a rally todaym Recession fears getting squashed today on jobless claims
Watch GOOG today m and rumors out on SIRI and continued move in some Retails MSO, seeing a nice ramp in YHOO this morning
GOOG Google: Color on today's sell-off
Wednesday, January 23, 2008
GOOG Google: Color on today's sell-off (537.44 -47.55) -Update-
Citigroup notes that GOOG is trading down 8%+ intraday, and they attribute the decline to 3 factors: 1) A negative momentum reaction to Apple's earnings; 2) weak comScore U.S. Search Query data and 3) weak comScore U.S. Paid Click data for Q4 of 8% Q/Q, which marks a surprising deceleration from the 11% Q/Q growth that comScore reported in Q3. The firm says these datapoints do increase the risk to their and Street Q4 estimates.
MSO looks great here
consolidation and breakout coming, Also seeing suspicious buy in SIRI the last 3 days more so with SIRI then XMSR
Don't forget to sign up for the stock market challenge link is on page.
MArket near Double bottom Bounce
looking for Double bottom bounce at 1280 area on spx
Buying GOOG 537.70 25 total
FWLT 100 @ 57
Homebuilders showing continued strength this morning
Homebuilders showing continued strength this morning
The beaten down homebuilder group is seeing a second day of gains today, representing a large number of this morning's biggest percentage gainers. Although the group is trading just off multi-year lows, many of the individual stocks still have high short-interest, which could add momentum to any upside move. The XHB (Homebuilder ETF) is up 4%, with the individual names seeing significant strength include the following: MHO +12.0%, HOV +9.5%, BHS +9.1%, CTX +8.6%, PHM +8.0%, TOL +7.9%, KBH +7.3%, DHI +7.1%, LEN +6.5%, AVTR +5.6% RYL +4.5%, MDC +3.8%.
After Hours Summary:
Tuesday, January 22, 2008
After Hours Summary: AAPL down 11.0% on earnings/guidance; NCC down 5.2% (announces a $1 bln convertible notes offering pursuant to an effective shelf registration statement) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: TXN +3.7%; SPSN +3.7%; DOX +1.3%... Trading Down: AAPL -11.0; PLT -9.2%; HOKU -8.7%; SUPX -5.5%; ACF -4.0%; PKG -3.6%; CAMD -2.7%; CREE- 2.0%; PHHM -1.8%; WASH -1.1%... Companies moving in after hours trading in reaction to news: Trading Up: CBR +11.4% (sees Q4 EPS below consensus, revs above consensus); BKI +4.5% (sees Q2 EPS above consensus); STJ +2.3% (announces FDA approval of next generation internet-based data management system for implantable cardiac devices); CYD +2.1% (announces that the Audit Committee has concluded its independent inquiry); ANLY +1.9% (announces new plan to restore the company to profitability); CLUB +1.2% (announces the appointment of Daniel Gallagher as CFO)... Trading Down: MOSY -11.0% (guides Q4 revs to be approx $2.9 mln vs consensus of $4.03 mln); AEIS -9.3% (lowers Q4 guidance below consensus); PETM -6.8% (issues downside Q4 EPS guidance); NCC -5.2% (announces a $1 bln convertible notes offering pursuant to an effective shelf registration statement); SPWR -3.5% (Announces Triggering Event for Convertibility of 1.25% Senior Convertible Debentures Due 2027 and 0.75% Senior Convertible Debentures Due 2027); NPSP -3.0% (Value Fund discloses 5.7% stake in SC 13G); STJ -1.6% (announces renewal of complete line of cardiovascular purchase agreements with HealthTrust Purchasing Group); TRCA -1.5% (initiates phase II clinical trial with next-generation growth hormone product for the treatment of short stature).
Earnings Calendar
Earnings Calendar
Today after the close look for the following companies to report: DOX, ACF, AAPL, CAMD, CREE, FIC, FULT, HBHC, HOKU, IBKC, NSC, PKG, PHHM, PLT, SPSN, STM, SUPX, TXN, and TRMK. Tomorrow before the open look for the following companies to report: AOS, ABT, APD, ATI, AME, ACAT, EAT, CNH, COH, CNB, COP, DAL, EXC, GD, JEF, KMT, MPX, MOT, PMTC, PFE, PJC, ROK, SLM, SMTS, LUB, STJ, STI, TCB, UTX, WLP and WERN. Click here for a complete list of all the companies scheduled to report.
Market looks like it wants to go Positive
Amazing reversal, but have to be diligent and watch for a sell off on the close, either way, it is a buying opportunity for some stocks, i picked up 200 INTC at 18.57 and bought C and GOOG today both small positions under 50 shares, but up nice. Any comment from the ECB could send this market up big..But again this is only looking good until things look bad ..so be cautious and know what the market gives the market can take back.
Fed cuts fed funds rate 75 basis points to 3.5%
As mentioned at 7:20, the Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent. The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth. While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households. Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labor markets. The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully. Appreciable downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks... Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Charles L. Evans; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Eric S. Rosengren; and Kevin M. Warsh. Voting against was William Poole, who did not believe that current conditions justified policy action before the regularly scheduled meeting next week. Absent and not voting was Frederic S. Mishkin. In a related action, the Board of Governors approved a 75-basis-point decrease in the discount rate to 4 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Chicago and Minneapolis.
Good Morning Vietnam!! Dow Futures down 460!!!
S&P futures vs fair value: -67.8. Nasdaq futures vs fair value: -86.0. Dow Fut -460
Futures point to a sharply lower open in the wake of substantial losses in global stock markets. Hong Kong, the Shanghai Composite and India have plunged more than 10% in the last two sessions. The selling has been spurred by a fear of a United States economic slowdown. Meanwhile, the Treasury market is rallying in a flight-to-quality bid. In earnings news, Bank of America (BAC) missed expectations and reported a $5.3 billion CDO-related write-down.
India Stock Markets halts trading 11:50pm
India market plunges and is halted as trading breakers take effect, they will reopen in 1 hour then shut down if market drops 15% ..Recession fears causing world wide market panic
Global rout just begun Hang Seng down almost 2000 points tonight
Global rout just begun
In Asia, investors too sold off stocks yesterday, carrying through from last week's concern on Wall Street that a $US150 billion ($174 billion) fiscal stimulus proposed by President George W. Bush would not be enough to stop a US recession.
To heighten fears of global financial doom, the IMF warned overnight the global financial outlook is dire.
The IMF Managing Director Dominique Strauss-Kahn said overnight all developed countries were suffering from the slowdown in the US putting the world economy in a serious situation.
Over night markets getting crushed..11pm Update
Short Es futures 1267
SINGAPORE (Reuters) - Stocks tumbled across Asia on Tuesday, and U.S. stock index futures sank, as panic gripped markets that a U.S. recession could derail global economic growth, sending investors fleeing to safe-haven government bonds.
Share markets from Tokyo and Hong Kong to Seoul and Sydney slumped around 5 percent, while industrial metals, such as zinc and copper, plunged and oil fell well below recent record highs.
"It's like a funeral in here," said Ken Masuda, senior equities dealer at Shinko Securities in Tokyo. "No one knows what's going to happen tonight in New York. It's like we've gone blind, you don't know what's coming.
"Until we see New York, all we can do is sell," he said.
Earnings Preview for the week of Jan 21st-25th:
Friday, January 18, 2008
Earnings Preview for the week of Jan 21st-25th:
Of the hundreds of companies reporting earnings the week of Jan 21st-25th some of the bigger names include: Monday: Holiday... Tuesday: AKS, ABK, BAC, BJS, JNJ, KEY, NCC, UAUA, UNH, WB, AAPL, CREE, HOKU, STM, and TXN... Wednesday: APD, COH, EXC, GD, MOT, PFE, SLM, AMCC, CBST, EBAY, FFIV, GILD, NFLX, QCOM, SYMC, VAR, and WDC... Thursday: T, F, LMT, NOK, NUE, AMGN, BRCM, ETFC, JNPR, WFR, MSFT, SYNA, and VSEA... Friday: CAT, HOG, HON, LABL, GWW, NS, and WFT.
VIX and fear Indicators
Sentiment indicators -- Market volatility spikes as equity markets extend losses : Market volatility picked up yesterday with the VIX spiking to the highest level in two-months, signalling increased nervousness in the market. The VIX has been notably quiet so far in 2008 despite a move lower in equities, suggesting that market participants in general were not surprised by the recent weakness. However, yestrerday's reaction in the VIX suggests that attitude may be shifting somewhat. This move higher in the "fear gauge" comes on another triple digit loss in equities Yesterdays close (Dow -281, SPX -35, Nas -41). The VIX is currently +3.21 (+13.2%) at 27.59, while the more tech-focused VXN (Nasdaq Volatility Index) is +2.07 (+7.1%) at 30.91. The CBOE put/call ratio is also showing caution in the market, currently at 1.47 -- the highest level since mid-August.
Morning Commentary
Everyone expecting a sell the gap this morning, it sure will make a for a choppy trading session today. Mentioned yesterday it will be hard to catch a bottom in this market. If the market sells back to red, look out. My question is what happens over this 3 day weekend? two sides to this story, who wants to hold long going into a 3 day weekend with all the bad news coming out..but the other side would be who wants to be short going into a 3 day weekend in a market that is screaming for help. I am leaning on a buying opportunity at the close either way. Good Luck
Updated DayTraderRockStar Portfolio
Will try to keep it updated more on a daily basis. You can see the portfolio on right column of the page, clicking on it will give details on buys and sell
Market very Nervous Update
Thursday, January 17, 2008
Bernanke not doing much to instill confinence in the markets, I sold the majority of my holdings into the morning gap up, and i am beginning to feel this market just need to get some selling done, I want to cut back trading a lot at this point, waiting for some type of bullish confirmation in the charts, right now i am holding
250 SBUX
40 NMX Bought today
500 JBLU
300 EMC
200 AMD
300 MSO
I do feel there is a chance for a violent reaction rally nad will be watching for that, right now i will be looking to buy on more weakness
GOOG 590-600 level
SBUX on a higher high
FSLR near the 200 dma 150-160
NOK off the 200 dma 32.50- 33
Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff. After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.
Wednesday, January 16, 2008
What are tweezers candles?
Candlestick theory recognizes both a tweezers top and a tweezers bottom. The tweezers formation always involves two candles. At a tweezers top, the high price of two nearby sessions is identical. Meanwhile, at a tweezers bottom the low price of two sessions that come in close succession is the same.
For simplicity, let's talk just about the tweezers bottom. In some instances, the tweezers bottom is formed by two real candlestick bodies that make an identical low. In other instances, the lower shadows of two nearby candles touch the same price level and the stock then bounces higher. Meanwhile, a third possibility is that the lower shadow of one day and the real body of a nearby session hit the same bottom level.
Tweezers sometimes occur on two consecutive trading sessions. In these cases they are relatively easy to spot. However, they can also occur several sessions apart -- say six or eight. (If they are spread further apart than that, then the formation is beginning to approach the double bottom or top described above.) When the tweezers occur consecutively their forecasting value generally increases. Why? Well, in these cases a bullish or bearish move has been absolutely stopped in its tracks and is more likely to reverse.
Market getting some bounces, starting to find some bargains
NMX 100-104 area
JBLU interesting action
GOOG 600-610
INTC Good news and Bad news
Well not much to say here taken totally by surprise by INTC earnings, much worst then expected, the biggest lesson learned from this is , you should not hold stocks into earnings unless you hedge your holdings with some puts or some other vehicle. was holding 500 shares and by the time i fires in the sell it was down 2 points do the math..biggest loss of the year so far. Time to get back on track
The Good News.. a couple days ago i notices a little spike in volume on BEAS and bought some shares 300 today i wake up ORCL buying BEAS for 19.37 a share, so do the math LOL made a 1k on this one apparently the stock guardian angle is watching over me. Life goes on!
Will be less cavalier holding things into earnings.
INTL Earnings Preview
Tuesday, January 15, 2008
INTC Intel Earnings Preview (22.87 -0.21)
Intel (INTC) is set to report Q4 results after the close tonight with a conference call following at 5:30 ET. Current First Call consensus estimates are for EPS of $0.40 on revs of $10.84 bln. In its Q3 earnings report, the company issued upside guidance for Q4, seeing revs of $10.5-$11.1 bln and gross margins of 57%, plus or minus a couple points. Co reaffirmed this guidance on 11/28 at Credit Suisse Tech Conference... Recent Earnings History: 3Q07 (10/16): INTC beats EPS consensus by $0.03, beats on revs, and slightly misses on gross margins. Co guided Q4 revs above consensus. The stock gapped up at the open the following day, closing higher by ~5%; 2Q07 (7/17): INTC reported an in-line EPS, beat on revs, and missed on gross margin expectations. Co guided Q3 revs in-line. The stock gapped down at the open the following day, closing lower by ~5%; 1Q07 (4/17): INTC reports EPS in-line, misses on revs, and beats gross margin expectations. Co guides Q2 revs below consensus. The stock traded marginally higher the following day; 4Q06 (1/16/07): INTC beat EPS estimates by a penny, beats on revs, and issued in-line rev guidance for 1Q07. The stock gapped down the following day, closing lower by ~6%... Analyst Expectations: Analysts are generally expecting INTC to report an in-line quarter, with possible cautious 1Q08 revenue guidance, given broader weakness in the US economy. Additionally, some analysts mention that there are some indications of weakening margins, including sluggish monthly sales from Taiwan PC chain, as well as possible rising inventories in China... Areas of Focus on the Call: 1) Margin Guidance: The company historically issues gross margin guidance for the upcoming quarter. Current estimates are at 57.2%. While higher ASP's and lower unit costs served to benefit gross margins in 2H07, these two factors may erode in the seasonally weak 1H08; 2) U.S. Macro Outlook: With fears about a recession, market participants will be focusing on mgmt's expectations for domestic PC growth and demand. A low double-digit growth rate, ~11%, would be viewed positively. Expectations are low, so a strong outlook and commentary would likely move shares, and possibly the markets in general, higher; 3) Competitive Positioning: Intel has been in a solid position against its main competitor Advanced Micro Devices (AMD) throughout the year, who has missed key product launch dates (Barcelona) and has been severely hurt in the pricing war. With INTC's next-in-line 45nm products, Penryn and Nehalem, the company may actually strengthen its competitive advantage; 4) Inventory: There appears to be some concern regarding modest motherboard inventory builds, and isolated instances of excess inventory in CPU's and chipsets. Of significance will be whether inventory levels are higher than mgmt expected, and whether this will cause a sub-seasonal 1H08; 5) ASP's: As a key driver for gross margins, market participants will be listening for commentary regarding the outlook for ASP's and PC demand... Current Consensus: Q4 EPS $0.40, revs $10.84 bln; 1Q08 EPS $0.34, revs $9.97 bln; 2Q08 EPS $0.33, revs $9.77 bln; FY07 EPS $1.21, revs $38.46 bln; FY08 EPS $1.51, revs $41.77 bln... Secondary Plays: AMD, TXN, BRCM, QCOM, DELL... Technical Levels of Interest: Click here for INTC chart. (Length of the horizontal lines corresponds with the strength of the level.) (PVIEW)
Starting a Position in MSO 200@ 5.75
don't know if this is bottom, but on the monthly chart we are hitting support and possible double bottom.
Bought 100 EMC @ 16.82 9:19am
Starting a swing position here in EMC, also looking to buy a small Pos in HOG
stocks to watch today
AAPL
GOOG
FSLR
for trade opportunities
Premarket Wrap
Futures indicate a sharply lower open for the mkt on weakness overseas, earnings from Citigroup (C) and weak Retail Sales data. Despite Wall Street's rebound rally yesterday, global mkts languished in Tuesday's trading amid concerns the slowdown in the U.S. is having a contagion effect. Then, Citigroup reported a net loss of $9.8 bln, or $1.99 per share (consensus $1.03), including an $18.1 bln pre-tax write-down for its subprime exposure and a $4.1 bln increase in credit costs for its U.S. consumer business. In turn, the co said it is cutting its dividend 40% to $0.32 per share and that it is raising $12.5 bln in new capital through the sale of convertible preferred stock with a 7% coupon to a number of different investment entities. Finally, Retail Sales and Sales ex-auto both fell 0.4% in Dec, well below expectations. The prior month was also revised modestly lower, with Retail Sales in Nov now 1.0% (previously 1.2%) and Sales ex-auto now 1.7% (previously 1.8%). The weak data was somewhat offset by better than expected PPI data. Producer prices mo/mo came in at -0.1% vs. the 0.2% consensus, with prices yr/yr increasing 6.3% vs. the 7.1% consensus. However, the lower than expected reading in Dec was entirely due to food and energy prices as core PPI met expectations of 0.2% mo/mo and 2.0% yr/yr. Dow futures are currently -116; Nasdaq futures are currently -19.8; S&P futures are currently -16.6. For technical levels of interest, click here... The Bond mkt is higher in early trade, receiving a boost from both Citigroup and the economic data. While the Fed releases the results of yesterday's TAF auction ($30 bln of 28-days) at 10:00ET this morning, there are no Fed speakers scheduled today. The 10-yr is currently +16/32 to 3.703%... In Europe, mkts fell by mid-day as a large fund-raising by Citigroup only partly mitigated the impact of a quarterly loss, while drugmakers were hit by a downgrade, disappointing sales and product flops. FTSE is currently -1.6%; DAX is currently -0.9%; CAC is currently -1.8%. In Asia, mkts fell as the yen rose to its highest level in seven weeks against the dollar, increasing concern about profit growth. Nikkei closed -1.0%; Hang Seng closed -2.4%; Shanghai Composite closed -1.0%... Notable pre-market Calls include Upgrades: STO at Credit Suisse, BIIB at BWS Financial; Downgrades: TOT at Credit Suisse, FTO, SUN, TSO and VLO at Oppenheimer, BP at Lehman, LSI, NETL, NVDA and XLNX at Deutsche Bank, WFC at Friedman Billings, HAR at Bear Stearns and Soleil... On the Earnings calendar: CAMP, FUL, INTC and LLTC are confirmed to report today after the close... On the Economic calendar, Nov Business Inventories (consensus 0.4%) are scheduled for release at 10:00ET
VMC looking for Pullback at this level 69.90 holding 150
Friday, January 11, 2008
Looking for Multi day Move
like the gap down here, looking for a morning bounce
CFC looks like a buy under, just letting it go here near the open still bouncing, but want to move on so looking for above 7 to get out. like the $sox and the triggers today
WRAPX After Hours Summary
Thursday, January 10, 2008
WRAPX After Hours Summary: AXP down 6.8% (says given the credit-related trends, it will take a pre-tax charge of approximately $440 mln in Q4); INTC up 0.2% (expected to post 12% jump in Q4 revs; co sees Q4 revs of $10.5-11.1 bln vs. $10.8 bln consensus- DJ) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: SHFL +13.3%; SNX +7.0%; DMAN +6.2%; IHS +1.0%... Companies moving in after hours trading in reaction to news: Trading Up: AMCP +37.3% (announces definitive agreement to be acquired by Employers Holdings, Inc. for $12.50/share); EDAC +26.2% (receives $1.9 mln Military contract including an option for up to an additional $1.9 mln, its largest Military contract to date); MEAD +21.1% (Co, Star Instruments and RC Optical Systems agree to settlement); SPIR +21.0% (says on track to significantly grow the co's revenues in the solar energy and solar capital equipment markets); URI +11.7% (sees FY07 EPS, ex benefit, below consensus, and guides FY07 revs; sees FY08 EPS above consensus, sees FY08 revs below consensus); TMY +11.5% (reports Q4 revs of ~$11.2 mln vs $8.9 mln prior year (no estimates); conf call will be held on Jan 14 to discuss merger agreement at a price of $3.00 per share); DENN +5.2% (says they expect to meet full year EPS guidance; On Nov 1, co guided FY07 adjusted net income of $8-$10 mln); BX +4.3% (to write down part of its FGIC investment -- WS); PDII +2.3% (announces extension of sales services agreement with top-10 pharma company through April 2009); CHCI +1.9% (sees Q4 revs $52.5 mln, no estimates); INTC +0.2% (expected to post 12% jump in Q4 revs; co sees Q4 revs of $10.5-11.1 bln vs. $10.8 bln consensus- DJ)... Trading Down: BMJ -14.5% (reports holiday sales results); AB -7.8% (announces FY07 earnings per unit expected to be approximately $0.30 lower than prior guidance); CPA -4.4% (announces 9.4% traffic growth for December 2007); JMBA -7.5% (reports prelim revs below consensus; reports co-owned comparable store sales of (3.3%)); AXP -6.8% (says given the credit-related trends, it will take a pre-tax charge of approximately $440 mln in Q4); JNPR -3.8% (announces that Stephen Elop resigned as the Chief Operating Officer); GBX -2.8% (discloses in 8-k that Larry Brady retired as Senior Vice President and Chief Financial Officer and Mark Rittenbaum was appointed as replacement); LTR -1.8% (announces sale of Bulova Corporation for pretax gain of $105 mln); BHLB -1.7% (sees Q4 core EPS about $0.50; sees 2007 core EPS of $2.06); KONA -1.6% (guides Q4 EPS of ($0.10-0.15) vs ($0.09) First Call consensus; revs of $18.1 mln vs $19.36 mln First Call consensus); SNWL -1.5% (reaffirms Q4 EPS; narrows Q4 guidance range
Bought 10 shares of NMX @ 119
not happy with the fill, but the chart looks great here, look back all the way and you se the great support at this level, again market on shaky grounds i don't want to jump in but picking up some cheap shares of some different stocks today.
Starting to Nibble on some big names
bought 10 shares of GOOG @ 635.56 though i think the downside could be 610, i am starting to get back in here and will scale in little at a time if it heads lower , 5 shares here and there, but dont want to miss out on a big move in the Comp.
Love the Semis here $sox
New great features on the Site
I added links to the Nasdaq heat map, thiswill and is one of the best tool out there for finding strong trending stocks, in an envirement like this money is taking shelter in trending strong stocks, i also included the premarket heat map. With AAPL starting the Mac expo next week look for some trading Opportunities in this, also SBUX if we do get a pullback off this news tonight then it will be a great buying opp. Market due for a nice rally..
Also added a banner for a stock market challenge it has free cash prizes each week, it cost nothing except email signup, it is one of the best paper trading sites out there for beginners, plus with the market down so much, you can buy a lot with the 100k they start you with..
See you in the AM good luck trading
After Hours Summary: LWSN down 0.8% on earnings/guidance; SBUX up 8.7% (announces strategic initiatives to increase shareholder value and Chairman How
Monday, January 7, 2008
After Hours Summary: LWSN down 0.8% on earnings/guidance; SBUX up 8.7% (announces strategic initiatives to increase shareholder value and Chairman Howard Schultz returns as CEO) -Update-
Companies moving in after hours trading in reaction to earnings: Trading Up: BLUD -9.4%; TISI -1.5%; LWSN -0.8%... Trading Down: AEHR +17.7%; SYM +1.0%... Companies moving in after hours trading in reaction to news: Trading Up: ISIS +46.2% (and Genzyme announce strategic alliance including exclusive worldwide license of Mipomersen); WBSN +12.0% (sees Q4 revs, billings to exceed previous guidance); SIRT +10.7% (announces positive results with proprietary version of Resveratrol, SRT501, in a Phase 1b Type 2 diabetes clinical study); SBUX +8.7% (announces strategic initiatives to increase shareholder value and Chairman Howard Schultz returns as CEO); VSAT +1.9% (Eutelsat, ViaSat form strategic partnership -- WSJ); SBN +1.6% (aligns business for strong growth in Australia); OMNI +1.6% (Chief Executive Officer James Eckert to retire in 2008); ELGX +1.0% (expects total 2007 revenue of $27.8 mln vs $27.3 mln consensus)... Trading Down: GRB -7.9% (announces shipment delayed to Q1 FY 2009; Lowers FY08 guidance); EAT -6.2% (announces prelim Q2 EPS below consensus; Reports preliminary comparable restaurant sales); SGEN -4.1% (earns milestone payment from initiation of SGN-40 Phase Ib clinical trial in combination with Rituxan for Non-Hodgkin Lymphoma); ESCC -3.6% (reaffirms 4Q08 guidance and announces December sales); EPHC -1.5% (assets under mgmt grow to $6.7 bln); OMEX -1.5% (appoints Greg Stemm as Chairman and Chief Executive Officer); GPI -1.3% (acquires Mercedes-Benz dealership on Long Island); ELOY -1.2% (announced that it has recently signed two additional Behavioral Analytics contracts); BAS -1.1% (reports selected operating data for December 2007); TWB -1.1% (reports 9-week comparable sales of +9% vs +4% for year ago); BOBE -0.9% (reports Dec same store sales of +1.1%; no estimates); NUAN -0.8% (reports inducement grant under NASDAQ Marketplace Rule 4350).
SBUX Starbucks announces strategic initiatives to increase shareholder value and Chairman Howard Schultz returns as CEO; conference call today at 5:30
SBUX Starbucks announces strategic initiatives to increase shareholder value and Chairman Howard Schultz returns as CEO; conference call today at 5:30pm ET (19.25 +0.27) -Update-
Co announcea a series of initiatives aimed at driving shareholder value by refocusing the co on providing customers with the distinctive Starbucks Experience and building on Starbucks legacy of innovation. To accomplish this objective, the Board has appointed Howard Schultz, chairman, to take on the additional role of chief executive officer, effective immediately, replacing Jim Donald, who is leaving the Company. Schultz served as chief executive officer of the co from 1987 to 2000. Schultz stated that his agenda will include: improving the current state of the U.S. business by refocusing on the customer experience, slowing the co's pace of U.S. store openings and closing a number of underperforming U.S. store locations, re-aligning Starbucks organization and streamlining the mgmt and accelerating expansion and increasing the profitability of Starbucks outside the U.S. Co plans to hold conference call today at 5:30 pm EST
Bought 300 ETFC @ 2.93 1:55pm
Holding total of 1K shares..risk-reward at this level is strong reward
10:31 TECHX Market View: Dow drops as low as 12751, its 5 month low from Nov is at 12724 (12751 -48) -Update- -Technical-
10:30 TECHX Market View: New low for S&P 500 of 1406.20, testing its Nov/5 month low at 1406.10 (1406.32 -5.32) -Update- -Technical-
Bought BA 20 Shares @ 83.34 10:27am
Not buying anything big, but small buy to test the waters, Market could sell hard, and don't want to be over exposed to anything right now.
Market needs to sell off more before buyers come in 10:20am
Added 200 shares of JBLU here @ 5.28< but not buying anything else, until be see more selling..sold GRMN and GS still holding HD, SBUX, C, INTC, JBLU, ETFC
Asian stocks crumble on Wall Street sell-off
Sunday, January 6, 2008
Asian stocks crumble on Wall Street sell-off
By V. Phani Kumar, MarketWatch
Last update: 8:54 p.m. EST Jan. 6, 2008
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HONG KONG (MarketWatch) -- Asian markets dropped Monday after Wall Street reacted to concerns of a U.S. recession, with Australian, Singaporean and Taiwanese stocks suffering heavy losses, while Japanese stocks recovered some of their early losses on bargain buying in exporters such as Canon Inc. and Sony Corp.
Chart of JP:1804610
In Tokyo, the Nikkei 225 average declined 0.4% to 14,637.73, after earlier hitting its lowest level since July 2006 at 14,438.61. The index sank 4% during a shortened session Friday. The broader Topix index fell 0.4% to 1,406.13.
Australia's S&P/ASX 200 lost 2% at 6,182.20, New Zealand's NZX 50 index gave up 1.2% at 3,961.01 and South Korea's Kospi lost 1.6% at 1,834.03.
China's Shanghai Composite slipped 0.2% to 5,348.93 and Singapore's Straits Times Index shed 1.7% to 3,379.67, while Taiwan's Weighted index tumbled 2.8% to 7,992.32.
Participants in Hong Kong expected the local market to open lower, but not be much affected by the Wall Street decline.
"I think the Hang Seng will fall, but it won't fall like a rock. It won't crash a 1,000 points and it might recover its early losses during the day," said Francis Lun, general manager at Fulbright Securities.
Lun said the recovery in the Nikkei average from the day's low, as well as the weak economic data released by the U.S. Friday being in line with local market expectations as reasons for the likely recovery.
Buying C @ 28.23 Total 300 shares
Friday, January 4, 2008
Going out on a limb and predicting a bottom on C on Monday, Added to C here looking for continued write downs over the weekend and expect this to be factored in and market just waiting for the news to come out before buying. I feel the markets need to come clean for the markets to stabelize, and betting that happens this weekend
INTC NEWS and Buy
S&P futures vs fair value: -11.5. Nasdaq futures vs fair value: -27.5. : Stock futures continue to decline on the weaker than expected employment report. Dow Component Intel (INTC) is set for another lower open today, which follows its 7.5% decline during the first two days of trading in 2008. This session’s selling pressure comes after Intel was downgraded to Neutral from Buy at JP Morgan. Shares of Bed Bath & Beyond (BBBY) are set to sharply decline at the open after the company reported earnings that met estimates, but provided fourth quarter guidance well below expectations.
I bought 200 shares of INTC premarket @ 23.75 for a total of 600 shares< i feel this is a Great Buying Oppurtunity
Added 100 INTC @ 24.58
Looking for a nice bounce off 200 MA (buy area 24.60- 24.40) total shares 400
Stocks looking for a Bounce 11:30am
Some stocks i am buying or adding too
GRMN off the 200 DMA
HD above 27
INTC here
Looking to BUY SBUX at this level..have not yet
FRPT could see a bounce
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