Halftime Pt. 1: Odds Favor Bear Market Or Correction?
Published: Wednesday, 30 Jun 2010 | 1:17 PM ET [more]
An example of that situation today is OMN, the company posted .33 EPS and its barely up at only .39 LOL.
So if a stock like OMN hits records and blows away estimates by a mile and only can manage a .39 gain that spells extremely bad chances for stocks that only beat by a little to go up at all. Chances are higher they come crashing down on small beats.
Last Month it was found that NEP insiders were using company money for their own use. Today I found out thru an article I found that CGA & CSKI may also be scams. Read the whole article and list any other Chinese stocks you think may also have problems?? [more]
Why is it that all of a sudden GDP numbers are all being revised down worldwide? Did we get scammed by the previous released GDP numbers? Then today we have this: [more]
Thinking the market was on its way to a 6wk summer rally thru earnings. Turns out it was just a 1 week Trap. Got suckered in on that 1 week rally like a baby gets suckered on a lolipop.
I feel so foolish, only thing I can do is sell and take a tax loss.
Shold have known..better.
Containing the oil spill in a tropical storm is BP and America's worst nightmare scenerio and that is about to come true next week. [more]
Government says travel spending rose in 1st qtrTravel spending rose in 1st quarter, led by lodging; airline prices rise at 13.3 percent rate On Tuesday June 22, 2010, 4:27 pm EDT
WASHINGTON (AP) -- Tourism spending rose at an annual rate of 3.9 percent during the first quarter, led by increased spending on hotels and other accommodations, according to a government report issued Tuesday. [more]
A completely speculative pick on my part. AFFY has been hammered on the news that Hematide, a drug designed to treat anemia in patients with chronic kidney failure, could lead to heart-related side effects. As of this writing the stock had a lost a full 2/3 of its pps value. Over-reaction? Maybe. What's being lost in this news is that the drug actually met its goal in its late stage trials. So, where from here? My wager is that the drop is at least partially fueled by panic selling. But do your own DD. This could just as easily go to $6 and stay there as it could rebound to $11. [more]
As Usual wall street is playing games by saying both yesterday and today that housing numbers have plunged. They are trying to get cheap shares ahead of earnings in July. [more]
judge's ruling against six-month drilling moratorium 13:45
The Stock market fell -15% from recent highs. Thats a normal correction after a major stock market rebound that we had for 13 months. The correction though has left many stocks now cheap ahead of earnings in July. Companies have started giving guidance ahead of earnings and CAT already has given good guidance this morning. [more]
if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d['kOyi2WKImoM-']='&U=12bs0u723%2fN%3dkOyi2WKImoM-%2fC%3d-1%2fD%3dNT1%2fB%3d-1%2fV%3d0'; Petra Solar Enters into Supplier Agreement with Flextronics to Facilitate Expansion into Global Markets Press Release Source: Petra Solar and Flextronics On Monday June 21, 2010, 9:35 am
SOUTH PLAINFIELD, N.J. & SINGAPORE--(BUSINESS WIRE)--Petra Solar, the clean tech company that links Smart Grid and solar and that pioneered grid-tied, pole-mounted, distributed solar generation systems for utilities, and Flextronics (NASDAQ: FLEX - News), a leading global electronics manufacturing services provider, today announced Flextronics will build Petra Solar’s SunWave™ smart energy modules for deployment around the world. [more]
Among stocks being added are AEZ, BTN, BRK-b, for a full list of stocks being added or deleted from the Russell 3000 index go to this link: http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx
this year in selected states. The company providing this technology is debt free with $9.99/shr book value and has $120M in cash. Seems pretty cut and clear why this stock is a strong buy especially after the recent pullback in shares and with eps estimate in the .50's for this qtr. Its at $24.50 [more]
Get ready for a major relief rally in offshore drillers as news spreads that the relief well is nearing its target of 18,000 feet. [more]
Sorry Cramer fans but I will not be following that advice, not when Oil stocks are trading nearly as low as they were during the 2008 recession.
Cramer: Avoid Oil Stocks at TheStreet.com(Wed 2:51PM EDT)
Obama: BP agrees to $20B fund for spill victims AP(Wed 2:50PM EDT) [more]
That Potential has only been delayed by 6 months. Its not gone completely its still there, but shares have acted like its completely gone and are still more than -50% below recent highs.
Coal, Oil, Gas,
OIL data coming out at 10:30am
Shorts scrambling to cover as Sector gets bullish news from TSM - Taiwan Semi [more]
Finally during the lunch hour Bloomberg radio catches on the Raised chip forecast by TSM.
It took them 4 hours but they finally had to acknowledge it.
Says Morris Chang of TSMC Taiwan Semiconductor Manufacturing Company [more]
Jesus how they gonna do that when their key stats shows 1/4 of that in cash and they already used $1+ billion of that in the cleanup so far.
I should stop trying to help people find undervalued stocks, because today I recommended AXL at $9.30 and what happens? Goes to $9.49 and then the bears go on a raid even though the stock is well off its highs from April-May. The bears now have AXL down to $9.09/shr. Does not matter to Bears that it has huge eps numbers on its way. They just want their daytrade bear raid profit on any stock being posted about on the fool. [more]
Forward P/E (1 yr): 6.51
On last qtr's earnings call, co says 2010 profitability is trending higher than expected due to production and capacity utilization. The co is looking to diversify customer base and is expecting a breakout year in 2010 adding Volkswagen, Audi, Nissan, Tata Motors, and Mack Truck to their capabilities. Co is looking to expand business in Asia. The company recently completed their first wholly owned site in Thailand, the world's second largest light truck market. In China the company is looking to serve crossover and multi-purpose vehicles. [more]
Yet its on target to have a great year on Earnings. [more]
We will find out Monday after the close on how big a splash the Outdoor brand has made on LZB earnings.
What does that mean? It means chances are high that home furnishings have also skyrocketed.
My Top picks: LEG, ETH
even facing a 175 point DJIA gain. I am not going to name the stocks but you should be able to find them quickly as there are not many stocks down today.
Feed millers to stop corn imports on weak demand 05/24/2010 | 05:06 PM
tweetmeme_style = 'compact'; tweetmeme_source = 'gmanewstv'; tweetmeme_url = 'http://www.gmanews.tv/story/191747/feed-millers-to-stop-corn-imports-on-weak-demand'; tweetmeme_service = 'bit.ly'; Share Feed millers are no longer keen on importing corn despite a drop in domestic output, because of weak demand from animal feed suppliers.
“The industry is not keen on bringing in more corn. We’re done importing [for 2010]," said an official of the Philippine Association of Feed Millers Inc. who asked not to be named as he was not authorized to speak on the issue.
Corn imports in 2010 will likely amount to no more than 80,099 metric tons (MT), from 344,945 MT in 2009.
Imported corn from Thailand arrived in batches from January to early May, contracted at $250 per MT or at a landed cost of P13 per kilo. The price is almost on a par with domestically produced corn selling at a farm-gate price of P13.50 per kilo.
The demand by hog and poultry feed suppliers has weakened, forcing many feed millers to pare production and plug their losses, the association official said.
Animal feed production is expected to decline by 10 percent to 4.9 million MT this year.
The association has booked up to 800,000 MT of feed wheat — a cheaper corn substitute — for delivery toward September 2010 to cover for the slack in imported corn. The landed cost of feed wheat is about P11 per kilo or P2 lower than that of corn.
“Should there be a surge in demand [for animal feed] towards year-end we might import additional feed wheat but not corn. We can book [in] November for December arrival," the official said.
This might be the most difficult year for feed millers, “probably because of the climate change factor. Animals are getting stressed. Raisers have started cutting down on volume," he said.
The severe dry spell caused by the El Niño phenomenon has already damaged around 500,000 MT of standing corn crop, according to the Agriculture Department.
Corn production in the first quarter declined by 16.8 percent to 1.6 million MT from 1.94 million MT in the same period last year.
Yellow corn — the main ingredient in animal feeds — went down by 20 percent to 1.15 million MT in the same comparable period.
The government expects corn output to drop by 17 percent to 4.64 million MT in the first nine months of the year. —VS, GMANews.TV [more]
Does anyone know if the supplier of the 3D glasses is public? XpanD [more]
on a daily basis, today its OII [more]
Winds of Change Newsletter, March 2010
Coal Going Down, Naturally [more]
Diamond Offshore (DO) Falls On Leak Speculation
Link to article [more]
Sprint says sales of EVO 4G sets record over the weekend On Monday June 7, 2010, 9:29 am
OVERLAND PARK, Kan. (AP) -- Sprint Nextel Corp. said Monday that sales of its latest smart phone, the HTC EVO 4G, broke its records for first-day sales when it launched Friday, and the phone sold out in many stores. [more]
Spain's Union workers to Protest Austerity measures on Tuesday. [more]
its just a matter of will it be today or Monday.
11:37 Euro ticks to fresh four-year low at $1.1993
The latest pullback in the stock market has coincided with further weakness in the euro, which is now -0.0155 at $1.2008/euro.
I am afraid its gonna get worse before it gets better now that Hungary has shown up.
All that will be unfolded on Friday Mornings Job Numbers. [more]
Chances are looking extremely good for an FDA approval decision after the FDA panel gave their all ok sign on May 6th for Approval.
Shallow water drilling to start up again. All sector stocks are rallying now but the shallow water oil & gas stocks are now taking over the lead higher. [more]
yet the people responsible are just bickering with one another on who's fault it is.
Join the live discussion
Instead of consistantly losing jobs, the US Job market is expected to generate over 1/2 Million Jobs on Friday. [more]
or will it continue its streak of earnings beats? We will find out Wed. morning.