Good morning everyone – welcome to the middle of the trading week where we find stock futures continuing yesterday’s rally…The S&Ps are 6 points above fair value…(Read More)
Monthly Archives: November 2007
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Daily Wrap-up – A Shaky Start But Strong Finish
We headed into the final hour of the session with a lackluster picture in place…(Read More)
Midday Market Check – Holding the Gains?
We head deeper into the second half of the session with the market trying to hold a rally…After a shaky open, the S&P 500 (SPX) eventually showed the buying demand that pre-open futures showed earlier…(Read More)
Today’s Movers – Activision, Inc. (ATVI), Deckers Outdoor Corporation (DECK), and Cepheid (CPHD)
Three of the best performing stocks this morning are Activision, Inc. (ATVI), Cepheid (CPHD), and Deckers Outdoor Corporation (DECK)…(Read More)
Upgrades and Downgrades – BP, Advanced Micro Devices, Chevron
Here are a few of the analyst upgrades and downgrades that I thought were worth noting this morning…Upgrades Affiliated Computer (ACS) BP (BP) Cavium Networks (CAVM) Chevron (CVX) KeyCorp (KEY) Marathon Oil (MRO) PNC Bank (PNC) Semtech (SMTC) Washington Mutual (WM)Downgrades Advanced Micro Devices (AMD) Arbitron (ARB) NovaGold Resources (NG)…(Read More)
At the Open – A Mildly Positive Open
The opening bell has rung and here is what I see…Stock futures were wildly strong early (early!) this morning but that enthusiasm has faded a bit as we have transitioned into the regular session…(Read More)
The! Biggest! News! of! the! Day! – Not Citigroup, Activision, Yahoo, Staples, Pond Scum or the Market Correction
Here are some of the contenders for today’s biggest…news…of…the…day… The %247.5 billion investment in Citigroup by the Abu Dhabi Investment Authority…An upbeat forecast from Activision (ATVI) amid strong sales of its game Guitar Hero III: Legends of Rock…An outage at Yahoo’s (YHOO) “hosted shopping service” that “preventing consumers from making purchases on what’s reputed to be one of the busiest days of the year for Internet commerce” – Cyber Monday…The official [subscription required] declaration that we are now in a correction…Concerns [subscription required] about profit margins as it is said “The boom in corporate profits is over”…A look into “pond scum” as the alternative energy source of the future…Earnings from American Eagle Outfitters (AEO)…Earnings from Staples (SPLS)…Earnings from Talbots (TLB)…Talk of recession as it is expected that “Winnebago Industries Inc., Thor Industries Inc…(Read More)
Stocks Showing Unusually Heavy Volume – Hoku Scientific, SkillSoft, Dynamic Materials, Cree, Randgold
Here are the results for today’s unusual stock volume scan. The scan looks at the previous day’s volume and compares it to the recent average volume…(Read More)
The Early View – Futures Higher But Fading, Citigroup, American Eagle Outfitters and Yahoo In Focus
Good morning everyone – welcome to the second day of the trading week where we find stock futures showing a bounce after yesterday’s selloff…The S&Ps are off their best levels of the overnight session, by roughly 10 points, but currently sit seven points above fair value…(Read More)
Daily Wrap-up – A Close at the Lows as the iShares Treasury Bond (TLT) Surges
The S&P 500 (SPX) may have spent the first half of the session meandering sideways but the second half was different story…Steady selling pressured the market progressively lower with little signs of resistance from the bulls…(Read More)