related tickers : GD, LMT, UTX
Read the entire story as Massive War spending passes easily.
Well Bush left the Job to Obama to mop up Axis of Evil and Obama is acting. Recent reports say Obama is beefing up Warships around Iran. [more]
There you go, the reason why shorts feeling good today.
Quanex beats by $0.05; co expect full year sales and earnings to be much improved over 2009 (18.35 +0.75) -Update : Repors Q2 (Mar) earnings of $0.12 per share, $0.05 better than the First Call consensus of $0.07; revenues rose 76% year/year to $199.4 mln vs the $167.1 mln consensus. Co raised 2010 operating income guidance for Engineered Products to a range of $32-37 mln (up from previous guidance of $25-30 mln) , Co raised 2010 operating income guidance for Aluminum Sheet Products to around $27 mln (up from previous guidance of around $20 mln) [more]
will help out competitors in Brazil because the Austrailian iron ore miners are cancelling plans for opening up new mines because of the Austrailian tax.
I wonder if this is what XNPT needs to rally because it did not rally yesterday after getting upgraded by Wedbush with a $26 target from $18 yesterday after FDA said they only needed to provide pre-clinical data to get Approval.
But two reasons are simple :
1. Shorts don't like to pay the 3 day margin fee's to banks.
2. For some reason governments love to come out with market saving news after long weekends.
XNPT Xenoport target raised to $26 at Wedbush (9.88 +0.39)
Wedbush raises their XNPT tgt to $26 from $18 noting this morning XNPT indicated that XNPT/GSK met with the FDA on May 18th to discuss the proposed Complete Response letter resubmission for the Horizant NDA for Restless Legs Syndrome. The FDA indicated that no new clinical trials are required and that the two companies only need to include additional preclinical data in the resubmission. Firm says this is a positive development because preclinical studies can be completed in a short period of time, in contrast to clinical trials that can take several years.. They believe the announced resubmission timeline is a positive for the Horizant program because the Street had assumed that Horizant would not be approved for RLS or that the potential approval would take several years to complete. [more]
When we had the Flash Crash on May 6th, many predicted correctly that we would retest the Flash Crash Lows , well today we are retesting them.
Major insider has sold shares of XIDE at a relentless pace and thus the reason XIDE is at $3.80's today, even on the cusp of turning profitable. Well the market crash the last 3 weeks has not helped matters as well.
if you can't beat them hide under a dress is my saying.
Dress Barn Reports on Wed. should beat handily and since its well off highs it should rally as well.
Today's weakness comes on elevated concerns about spreading European debt problems after four Spanish banks agreed to combine in order to strengthen the financial system there as solvency concerns mount. This news stoked further questions about the extent if Spain's problems as it follows yesterday's report that the Spanish central bank had overtaken regional lender Cajasur. The major European markets are sharply lower (FTSE -2.6%, CAC -3.5%, -2.7%), LIBOR is up, while the euro is back near the 52-week lows set last week at $1.220/euro. Some of the riskier European markets are being hit the hardest, with Spain's IBEX -4.2%, Italy's MIB -4.4% and Greece's ASE -3.3%. [more]
I will Highlight UAUA which has EPS estimates soaring right now.
Who says a falling EURO is a bad thing all around, lol:
UAUA Current Estimates1.41 this qtr
2.29 next qtr
3.73 in 2010 4.51 in 2011
the huge moves in stock prices is making options move in a even more dramatic way both on the downside as well as on the upside. [more]
Although Warren Buffett buying Airline shares is nothing new. In the Past he bought huge stakes in US air group, now called US Airways group. [more]
just 30 days ago. When Everyone was predicting $90-$100 oil by Memorial Day. HAHA
I am enjoying the cheaper gasoline and have a big smile everytime I fill up.
Lulled us to sleep [more]
Sen. Dodd plans to drop his plan to offer a compromise amendment on the derivatives provision of the financial regulation and reform bill. These headlines appear to have been misinterpreted as a negative for Financials. However, according to Briefing.com's Special Situations team, the Dodd amendment may have helped the derivative bill pass given its provision calling for a two year study to understand the impact of forcing financial firms to spinoff their derivatives desks. Without the Derivatives compromise, the bill may not have the votes to pass and therefore the derivative piece may be excluded from the Senate's Wall Street Reform bill. [more]
Women love to buy bargains when shopping at stores.
So why do guys fear going bargain shopping in the market when stocks are on SALE like they are today? The market is -10% lower than recent highs.
But there are some stocks down -25% to -50% lower than recent highs.
Time to change mentality and buy stocks that are bargains today.
Would not be surprised if the opposite occurs now on options expiration, instead of stocks falling that day, they may actually rise to make certain put options expire worthless. That is exactly the opposite of what happens when the market rallies ahead of options expiration when stocks fall to make certain call options expire worthless.
CFI raises guidance as Bedding demand is sharp. That bodes well for TPX & SCSS shareholders because if CFI is seeing demand up sharply 30% over previous guidance so too will TPX & scss
SEC filings out last night after the close, George Soros disclosed notable changes, from 12/31/09 to 3/31/10, in the following positions: ADCT (new 19.5 mln share position)
BG (liquidated 1.0 mln shares)
C (to 10K shares from 94.7 mln)
CIE (new 6.0 mln)
CVI (liquidated 1.5 mln)
JPM (to 2.6 mln from 116K)
NG (to 18.7 mln from 3.5 mln)
PBR (to 15.0 mln from 13.6 mln) PFE (to 5.3 mln from 11.6 mln)
PNC (new 908K)
SLRC (new 1.3 mln)
SU (to 8.7 mln from 7.2 mln) [more]
It will then allow Europe to compete against US exports.
The lower the Euro the more European goods become favorable alternatives to US goods.
in gold goes directly to their bottom line.
BVN & IAG
that did a reverse split 1-25 and now is $7.85
$2.25(split price) to $7.85
3 solid stocks GIL, ENS, & ANW after earnings today.
All three all well off the prices when I first wrote about them earlier.
ANW from $28.50's to $27.80's
ENS from $26.30's to $25.90's
GIL from $31.10's to $30.90's
Either its just a coincedence or shorts swarmed in for the kill.
Staying well clear of this stock.
I don't understand why people are buying it when you have solid companies posting extremely good earnings with big upside on the forward EPS estimates:
GIL, ENS, ANW all three today reported solid earnings , so why risk your money on a lottery ticket called IFLG ??
Can you imagine all the commercials we will see for that in the coming years. But one thing is for sure its alot easier to switch from a plastic bottle to a Bio-plastic bottle than it is to switch from a gasoline car to an electric car. So thats one go green thing that I can actually follow. [more]
on stocks and also be a bear on gold when central governments are printing paper money to levels never seen before.
otherwise we will have another oil price spike.
Bakken Fields stocks include BEXP, AEZ, USEG
By Nina Mehta and Chris Nagi [more]
This reminds me of when The Federal Reserve bought bonds in the USA to lower real rates on Mortgages and it worked even better than expected. I believe the European move will drop rates on bonds quickly now and in turn will make the EURO rally back into the 1.30's - $1.40's [more]
What happened to me on Friday was that after seeing no rebound from Thursday action on Friday. I turned bearish thinking maybe people in the know have some kind of info on what the Europeans were going to do on Sunday night. I came out thinking they were not going to come together and save the European countries in trouble.
I was wrong, and I will kindly revert back to a bull.
Jesus Christ fix it already.
ECB must buy sovereign debt to end crisis: expert - 1 hour ago
WASHINGTON (MarketWatch) -- The "only way" out of the current fiscal crisis in Europe is for the European Central Bank to buy sovereign debt By Greg Robb
WASHINGTON (MarketWatch) -- The "only way" out of the current fiscal crisis in Europe is for the European Central Bank to buy sovereign debt in the secondary market, said John Makin, an economist at the American Enterprise Institute. Bonds of countries on the periphery of the euro-zone have fallen out of favor as investors are concerned the debt may have to be restructured given the fiscal deficits in the countries. The program would mirror the Federal Reserve's recent purchase of over a trillion dollars of mortgage-backed securities. This so-called quantitative easing would likely push the euro lower, Makin said in a conference call with reporters. Makin gave no estimate for the amount of bonds the ECB should purchase. "I think the longer they delay, the more they will have to buy," Makin said. On Thursday, ECB President Jean-Claude Trichet said the central bank did not talk about buying bank bonds at its monthly meeting. [more]
CNNMoney - Blake Ellis - 18 hours ago
... or just thinks that there's another shoe about to drop," said Joseph Saluzzi, ... Many investors fear that Spain and Portugal could be two of the next ... [more]
Europe can hardily afford to save GREECE but if they can hardily afford to save GREECE what will they do with countries much much bigger than GREECE that are next in line for a downfall? [more]
God we all know who made out like bandits that day, the buyers not the sellers..
Global pharmaceutical market is forecast to grow to US$897 billion in 2011, an equivalent CAGR of 6.9% over the next five years. Experts and research analysts have projected that more than 65% of these figures will be due in part from the double-digit market growth in the European and Asian drug markets.
If anyone remembers back to March 22, 2010 analyst comments suggested a merger in the film sector was very possible with bigger fish gobbling up the smaller ones. [more]
There are numerous stocks that fit that category on my watch list. [more]
at the recent past. I see that BPI strategy is to be conservative and then blow away estimates on earnings day. Thats called damage control type strategy by not over promising and then missing. [more]
Subaye, Inc. Sells Non-core Business and Assets to Accelerate Expansion of Its On-line Video Advertising Network; Revises Fiscal Year 2010 and 2011 Guidance Press Release Source: Subaye, Inc. On Monday May 3, 2010, 8:54 am EDT GUANGZHOU, China, May 3 /PRNewswire-Asia-FirstCall/ --
-- Proceeds of $7.0 million generated to date from sale of non-core
business and sales of non-core assets; additional asset sales in
-- Capital to be allocated to further expanding geographic footprint of
core on-line video advertising business throughout Greater China;
revenue from this segment projected to grow over 100% through fiscal
years 2010 and 2011 with net margins of over 30%.
-- Revised Fiscal Year 2010 Guidance: Revenue of $38.3 million and net
income of $12.5 million, or $1.77 per share, from continuing operations.
-- Revised Fiscal Year 2011 Guidance: Revenue of $71.3 million and net
income of $29.2 million, or $3.69 per share, from continuing operations. [more]