WALL STREET GETS BOOST FROM EARNING REPORTS.
In general earning are better than expectations. I would like to point out some of the companies I recommended in the past.
Huntington Bancshares Inc (HBAN:$6.558,0$0.728,012.49%) rose to $6.60 at 2:07 PM ET on April 21, 2010 in heavy volume of 99,066,982 shares. The bank reported earning of $0.01 better than expected.
Hovnanian Jumps Nearly 12% on Reported $1 Mil Settlement 04/21 08:57 AM
-- Hovnanian (HOV:$6.33,00$0.68,0012.04%) is up after news on Tuesday that the company will pay a $1 million civil penalty to settle allegations it violated the Clean Water Act at nearly 600 construction sites around the United States, U.S. authorities said.
Seagate shares rise following better earnings, levels to watch 04/21 06:02 AM
The stock is up nearly 5% in the pre-market, following better than expected earnings news announced last night after market close. The move above the $20 level has broken the stock above resistance at the 50-day moving average. This is bullish price behavior. Resistance levels to watch as potential upside objectives are at $20.70, $21.02, $21.35, $21.70, $22.08. Support is at $20.02, and $19.69.
Wednesday, April 21, 2010
Tuesday, April 20, 2010
Mid-Day ETF Update: Shares Higher as Goldman Results Raise Investor Sentiment 04/20 10:33 AM
So what happened to the sell off from Friday ? IT IS FORGOTEN by now.
The DOW is up 25 points after Monday rose 75 points, and just about to recoup all loses from last Friday.
(read BLOG April 19.)
Earning are very strong in general, and those good new are what propel the market higher.
Fixed-Income Trading Roars For Goldman, Others In 2010 04/20 10:40 AM
GOLDMAN SACHS earned $3.3 Billion Dollars.
NEW YORK (Dow Jones)--Goldman Sachs Group Inc.'s (GS:$160.96,00$-2.36,00-1.45%) fixed-income group turned in a record performance in the first quarter, underscoring the investment bank's dominance in a business that is driving Wall Street's resurgence.
Some of my past recommendations how they trade today!
“CWTR” at $8.11. ‘NSM’ at $15.66. ‘AMD’ at $9.78. ‘MSFT’ at $31.78. ‘AMAT’ at $14.41.
So what happened to the sell off from Friday ? IT IS FORGOTEN by now.
The DOW is up 25 points after Monday rose 75 points, and just about to recoup all loses from last Friday.
(read BLOG April 19.)
Earning are very strong in general, and those good new are what propel the market higher.
Fixed-Income Trading Roars For Goldman, Others In 2010 04/20 10:40 AM
GOLDMAN SACHS earned $3.3 Billion Dollars.
NEW YORK (Dow Jones)--Goldman Sachs Group Inc.'s (GS:$160.96,00$-2.36,00-1.45%) fixed-income group turned in a record performance in the first quarter, underscoring the investment bank's dominance in a business that is driving Wall Street's resurgence.
Some of my past recommendations how they trade today!
“CWTR” at $8.11. ‘NSM’ at $15.66. ‘AMD’ at $9.78. ‘MSFT’ at $31.78. ‘AMAT’ at $14.41.
Monday, April 19, 2010
MOOD OF THE MARKET !
This is influenced by many factors, the economy, politics, social and natural events which may occur anywhere in the world. The event may or may not have a direct bearing on the stock market but can dramatically effect the mode of the market in a positive or negative way. Those events are short lived and have no permanent effect on the FUNDAMENTALS of most companies.
Last Friday the markets went down strongly because the SEC charge ‘GS’ with security fraud. By the end of the day the DOW lost 125 points and the S&P lost 19 points. IS ‘GS’ problems have anything to do with the Technology sectors or any other parts on the market ?
IS THIS AN OPPORTUNITY TO BUY STOCKS AT LOWER PRICE ?
Wall Street Reaction to Goldman Sachs Charges Looks Overblown: Barron's
-- Goldman Sachs' (GS:$160.70,00$0.00,000.00%) reputation took a huge hit Friday when the Securities and Exchange Commission charged the firm with securities fraud in the underwriting of a $1 billion collateralized-debt obligation backed by sub prime mortgages. But don't count Goldman out, says a feature in this week's Barron's.
GS fell 12.8% Friday but shares are edging just higher in pre-market trading this morning.
BY THE END OF THE DAY THE DOW WAS UP SO WAS GOLDMAN SACHS.
This is influenced by many factors, the economy, politics, social and natural events which may occur anywhere in the world. The event may or may not have a direct bearing on the stock market but can dramatically effect the mode of the market in a positive or negative way. Those events are short lived and have no permanent effect on the FUNDAMENTALS of most companies.
Last Friday the markets went down strongly because the SEC charge ‘GS’ with security fraud. By the end of the day the DOW lost 125 points and the S&P lost 19 points. IS ‘GS’ problems have anything to do with the Technology sectors or any other parts on the market ?
IS THIS AN OPPORTUNITY TO BUY STOCKS AT LOWER PRICE ?
Wall Street Reaction to Goldman Sachs Charges Looks Overblown: Barron's
-- Goldman Sachs' (GS:$160.70,00$0.00,000.00%) reputation took a huge hit Friday when the Securities and Exchange Commission charged the firm with securities fraud in the underwriting of a $1 billion collateralized-debt obligation backed by sub prime mortgages. But don't count Goldman out, says a feature in this week's Barron's.
GS fell 12.8% Friday but shares are edging just higher in pre-market trading this morning.
BY THE END OF THE DAY THE DOW WAS UP SO WAS GOLDMAN SACHS.
Friday, April 16, 2010
MERGER AND ACQUISIONS (M&A)
On March 1, 2010 I wrote about the possibility that ’ETFC’ will be bought by a larger company.
TODAY.
e*Trade Rises 7% on Speculation TD Ameritrade May Be Interested in Company .
-- e*Trade (ETFC) is up after Reuters reports that TD Ameritrade (AMTD:$20.41,00$0.23,001.14%) has a lot of cash and could be interested in an acquisition.
The story said that in November, AMTD CEO Fred Tomczyk said an acquisition would be the best use of its cash cushion, and that it would consider a deal for struggling smaller rival ETFC.
He told Reuters on Wednesday ETFC "is on a better footing today than they were a year or two ago, no question. But that doesn't mean it's over. They still have their issues to work out. They're through the worst."
Price: 1.82, Change: +0.12 , Percent Change: +7.06
On March 1, 2010 I wrote about the possibility that ’ETFC’ will be bought by a larger company.
TODAY.
e*Trade Rises 7% on Speculation TD Ameritrade May Be Interested in Company .
-- e*Trade (ETFC) is up after Reuters reports that TD Ameritrade (AMTD:$20.41,00$0.23,001.14%) has a lot of cash and could be interested in an acquisition.
The story said that in November, AMTD CEO Fred Tomczyk said an acquisition would be the best use of its cash cushion, and that it would consider a deal for struggling smaller rival ETFC.
He told Reuters on Wednesday ETFC "is on a better footing today than they were a year or two ago, no question. But that doesn't mean it's over. They still have their issues to work out. They're through the worst."
Price: 1.82, Change: +0.12 , Percent Change: +7.06
Thursday, April 15, 2010
IS IT A TIME TO SELL !
One of the most difficult decision investor has to make is when to sell a stock which he has a nice profit.
On 2/3/2010 we recommended ’BRCD’ at $5.30 a share, today is about $6.55 a share, About 20% return for about 2 months. So SELL or HOLD?
On March 3, 2010 we recommended ’C’ at $3.40 a share. Today is trading over $5.00 a share, A profit
Of about 50% within 40 days. So what to do? SELL or HOLD.
‘MSFT’ was recommended the 2nd time to buy on 4/5/2010 at about $28.65. Today is trading at $30.85.
The company will release it’s earning within a week, So Sell or Hold till the earning or sell today?
‘HOV’ and ’BZH’ were recommended on 3/16/2010. ’HOV’ to buy at $4.49 a share, Today is at about $5.72 a share, a gain of 20% for a month. ’BZH’ at the same day was recommended to by at $5.00 a share, today is trading at $5.82 a share, almost 14% return for this month.
If I had to make a decision , I will sell all those mention stock in order to take profit and waiting for a correction to buy them back.
One of the most difficult decision investor has to make is when to sell a stock which he has a nice profit.
On 2/3/2010 we recommended ’BRCD’ at $5.30 a share, today is about $6.55 a share, About 20% return for about 2 months. So SELL or HOLD?
On March 3, 2010 we recommended ’C’ at $3.40 a share. Today is trading over $5.00 a share, A profit
Of about 50% within 40 days. So what to do? SELL or HOLD.
‘MSFT’ was recommended the 2nd time to buy on 4/5/2010 at about $28.65. Today is trading at $30.85.
The company will release it’s earning within a week, So Sell or Hold till the earning or sell today?
‘HOV’ and ’BZH’ were recommended on 3/16/2010. ’HOV’ to buy at $4.49 a share, Today is at about $5.72 a share, a gain of 20% for a month. ’BZH’ at the same day was recommended to by at $5.00 a share, today is trading at $5.82 a share, almost 14% return for this month.
If I had to make a decision , I will sell all those mention stock in order to take profit and waiting for a correction to buy them back.
Wednesday, April 14, 2010
Intel Opens Pre-Market Trade at Fresh Extended-Hours Highs 04/14 04:02 AM
INTC earning are$0.43 vs. $0.38 estimated. VERY GOOD AND UPBET REPORT.
-- Intel (INTC:$22.7699,$0.231,01.02%) is recording a plus-side range of 23.72 to a high of 23.92 in early pre-market action, outpacing an after-hours high of 23.76 recorded Tuesday night after the company reported better-than-expected results and guidance. The stock traded mostly between 23.50 and 23.76 in last night's session.
Also, today as the stock reach yearly high many brokerage houses issue coverage on ’INTC’. (FBR CAPITL, KAUFMAN, OPPENHEIMER, CREDIT SUISSE,)
WHERE THEY WERE WHEN THE STOCK TRADED AT $18.00 a share?
JPM earning $0.74 vs. Thompson Reuters forecast was $0.64 EPS, up 85% from a year earlier.
JPMorgan Touching Fresh Highs in Pre-Market 04/14 04:47 AM
JPMorgan 1Q Profit Rises 55% As Economy Continues To Heal
-- JPMorgan (JPM:$45.87,00$-0.27,00-0.59%) shares are firming from 46 to a recent pre-market high of 47.30. Stock is seeing a good mix of volume as it nears its 52-week high of 47.47. Sellers have been active at 46.80 and above but thus far have not been able to stymie the advance.
Price: 47.28, Change: +1.41, Percent Change:
INTC earning are$0.43 vs. $0.38 estimated. VERY GOOD AND UPBET REPORT.
-- Intel (INTC:$22.7699,$0.231,01.02%) is recording a plus-side range of 23.72 to a high of 23.92 in early pre-market action, outpacing an after-hours high of 23.76 recorded Tuesday night after the company reported better-than-expected results and guidance. The stock traded mostly between 23.50 and 23.76 in last night's session.
Also, today as the stock reach yearly high many brokerage houses issue coverage on ’INTC’. (FBR CAPITL, KAUFMAN, OPPENHEIMER, CREDIT SUISSE,)
WHERE THEY WERE WHEN THE STOCK TRADED AT $18.00 a share?
JPM earning $0.74 vs. Thompson Reuters forecast was $0.64 EPS, up 85% from a year earlier.
JPMorgan Touching Fresh Highs in Pre-Market 04/14 04:47 AM
JPMorgan 1Q Profit Rises 55% As Economy Continues To Heal
-- JPMorgan (JPM:$45.87,00$-0.27,00-0.59%) shares are firming from 46 to a recent pre-market high of 47.30. Stock is seeing a good mix of volume as it nears its 52-week high of 47.47. Sellers have been active at 46.80 and above but thus far have not been able to stymie the advance.
Price: 47.28, Change: +1.41, Percent Change:
Tuesday, April 13, 2010
UBS downgrades 5 regional-bank stocks 04/13 07:02 AM
BOSTON (Market Watch) -- UBS analysts led by Heather Wolf on Tuesday downgraded several regional-bank stocks, saying they now see "additional headwinds" to the recovery in earnings. "We continue to believe the pace of earnings recovery will fall well short of expectations," the analysts wrote in a note. "We think the recent rally and ensuing valuations are unsustainable, and the group is poised for a meaningful pullback." UBS cut Huntington Bancshares Inc. (HBAN:$5.62,00$-0.41,00-6.80%) , KeyCorp (KEY:$7.94,00$-0.40,00-4.80%) , Regions Financial Corp. (RF:$8.435,0$-0.305,0-3.49%) and TCF Financial Corp. (TCB:$16.29,00$-0.69,00-4.06%) to sell from neutral, while Commerce Bancshares Inc. (CBSH:$40.60,00$-1.44,00-3.43%) was dropped to neutral from buy. All five stocks traded lower Tuesday morning.
AS for myself, I do not believe in this downgrade. At this point I will buy ‘HBAN’ which is the only bank I follow from this list. To buy it around $5.60 will reward the investor nicely.
‘STX’
Analyst Actions: Wedbush Downgrades Seagate to Neutral from Outperform - Shares Lower in Pre Market 04/13 06:03 AM
-- Shares of Seagate (STX:$18.39,00$-0.69,00-3.62%) were down in pre-market trading after the company was downgraded to Neutral from Outperform at Wedbush.
Seagate (STX:$18.39,00$-0.69,00-3.62%) shares .
‘STX’ will reports it’s earning on April 20,2010. By this time Seagate will be trading much higher , therefore I believe that to buy the stock today is an opportunity to make some money within the next week or so.
BOSTON (Market Watch) -- UBS analysts led by Heather Wolf on Tuesday downgraded several regional-bank stocks, saying they now see "additional headwinds" to the recovery in earnings. "We continue to believe the pace of earnings recovery will fall well short of expectations," the analysts wrote in a note. "We think the recent rally and ensuing valuations are unsustainable, and the group is poised for a meaningful pullback." UBS cut Huntington Bancshares Inc. (HBAN:$5.62,00$-0.41,00-6.80%) , KeyCorp (KEY:$7.94,00$-0.40,00-4.80%) , Regions Financial Corp. (RF:$8.435,0$-0.305,0-3.49%) and TCF Financial Corp. (TCB:$16.29,00$-0.69,00-4.06%) to sell from neutral, while Commerce Bancshares Inc. (CBSH:$40.60,00$-1.44,00-3.43%) was dropped to neutral from buy. All five stocks traded lower Tuesday morning.
AS for myself, I do not believe in this downgrade. At this point I will buy ‘HBAN’ which is the only bank I follow from this list. To buy it around $5.60 will reward the investor nicely.
‘STX’
Analyst Actions: Wedbush Downgrades Seagate to Neutral from Outperform - Shares Lower in Pre Market 04/13 06:03 AM
-- Shares of Seagate (STX:$18.39,00$-0.69,00-3.62%) were down in pre-market trading after the company was downgraded to Neutral from Outperform at Wedbush.
Seagate (STX:$18.39,00$-0.69,00-3.62%) shares .
‘STX’ will reports it’s earning on April 20,2010. By this time Seagate will be trading much higher , therefore I believe that to buy the stock today is an opportunity to make some money within the next week or so.
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