Earlier I mentioned that shares of DryShips Inc (DRYS) were showing a higher bid after reporting earnings…(Read More)
Monthly Archives: February 2008
Futures Show a Slight Downside Bias, DryShips Inc (DRYS) Rises After Earnings
Good morning everyone – welcome to the final day of this trading week. Stock futures are trading slightly lower while shares of DryShips Inc (DRYS) are in focus after reporting better-than-expected earnings last night…(Read More)
Daily Wrap-up – Like Being on a Treadmill
The day ends with losses… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1348.9 -18.4 points -1.34 percent Dow Jones Industrial Average (DJIA) 12377.0 -175 points -1.40 percent Nasdaq Composite (COMP) 2332.5 -41.4 points -1.74 percent Russell 2000 (RUT) 705.3 -16.6 points -2.30 percent CBOE Market Volatility Index (VIX) 25.54 0.66 points 2.7 percent Click here for symbol descriptionsIf you scan over the data above and then click here to see yesterday’s closing data you will quickly understand the point of the title of this post…(Read More)
Midday Market Check – Selling Pressure Weighs on the Action
We head toward the close of the session with the market at its lows of the day… Chart Courtesy of Thomson Financial Click here for symbol descriptions As the S&P 500 (SPX) chart shows, we had a late-morning bout of selling that pushed the market to a moderate loss…(Read More)
Analysts Begin to Abandon Starbucks Corporation (SBUX) – A Contrarian Sign?
Remember the fervor around Starbucks Corporation (SBUX) last month on word that Howard Schultz was coming back and then the %241 coffees? I ask, because it seems that the Street wasn’t impressed…(Read More)
A Sluggish Start to the Day – ValueClick, Baidu.com, Goldman Sachs, Merrill Lynch Get Attention
We are an hour into the session and here’s what I see… Click here for symbol descriptions The day has been sluggish so far as the broad market indices have been unable to hurdle the breakeven line…(Read More)
The! Biggest! News! of! the! Day! – Not Baidu.com, First Solar, Yahoo, Bally Technologies or DuPont
Here are some of the contenders for today’s biggest…news…of…the…day… Better-than-expected earnings from Baidu.com (BIDU)… The stimulus package that President Bush signed yesterday…A look into whether housing stocks can continue their run…Upbeat comments under the heading “Blue chips that can ride out a recession”…Hewlett-Packard (HPQ), 3M (MMM), DuPont (DD), Fortune Brands (FO), and IBM (IBM) are mentioned…An article [subscription required] that says Yahoo’s (YHOO) “best chance” to avoid Microsoft’s (MSFT) bid “may be a deal under discussion with News Corp., in which the media conglomerate would swap its ownership of MySpace and several other online properties for a stake of 20% or more in Yahoo”…Skepticism on the idea that News Corp…(Read More)
Stocks Showing Unusually Heavy Volume – Blue Nile, OceanFreight, NETGEAR, Wynn Resorts, Daktronics, Salary.com
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)
Futures Slightly Lower, Baidu.com, Inc. (BIDU) in Focus
Good morning everyone – welcome to the second half of the trading week where we find stock futures showing a slight (some may call “stealth”) downside bias and Baidu.com, Inc…(Read More)
Daily Wrap-up – A Close Near the Highs
The day ends with buyers retaining control… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1367.2 18.4 points 1.36 percent Dow Jones Industrial Average (DJIA) 12552.2 179 points 1.45 percent Nasdaq Composite (COMP) 2373.9 53.9 points 2.32 percent Russell 2000 (RUT) 721.9 16.5 points 2.33 percent CBOE Market Volatility Index (VIX) 24.88 -1.45 points -5.5 percent Click here for symbol descriptionsThe mid-afternoon check of the action showed buyers were pushing the market higher and that held into the close…(Read More)
Midday Market Check – Clean Energy, Semiconductor, and Oil Service Lead
We head deeper into the second half of the session with the market still holding a gain… Chart Courtesy of Thomson Financial Click here for symbol descriptions After an initial pop at the bell, the S&P 500 (SPX) staged a pullback that threatened to erase the early gains…(Read More)
JA Solar Holdings, Canadian Solar, Solarfun Power Holdings, and LDK Solar Co Rally After Earnings from First Solar
As noted below, First Solar (FSLR) is soaring after reporting earnings and this is helping to power the PowerShares Clean Energy ETF (PBW)…(Read More)