Gapping up
In reaction to strong earnings/guidance: VRA +7.1%, JOYG +4.2%, JOSB +3.7%, GCO +3.1% (ticking higher), PVH +2.5%.
M&A news: SNN +3.7% (strength attributed to takeover speculation following multiple UK articles out overnight), AOL +2.9% (ticking higher, target of M&A speculation in article out overnight).
Select financial related names showing strength: UBS +3.1%, CS +1.8%, ING +1.8%, BCS +1.7%, DB +1.1%, BAC +0.7%, HBC +0.6%.
A few China related internet names trading higher: SINA +2.1%, BIDU +1.4%, SOHU +0.9%.
Other news: ADES +33.2% (announces settlement of Norit litigation; ADES to pay Norit $33 mln on or before Aug 31, 2011 plus an additional $7.5 mln), CTIC +12.3% (still checking for specific catalyst; disclosed notice for Annual Shareholders mtg expected to be held on November 11), ENER +11.8% (still checking), ZIP +5.6% (Zipcar and Ford announced a new strategic alliance), CAT +1% and DE +0.5% (trading higher with JOYG), AMKR +0.9% (announces $150 mln stock repurchase program), HPQ +0.8% (plans to temporarily resume tablet production, according to reports).
Analyst comments: TSO +2% (upgraded to Buy from Sell at The Benchmark Company), RS +1.9% (upgraded to Buy from Neutral at Goldman), CRM +1.2% (initiated with a Buy at Wunderlich).
PeaLiK
Täitsa lõpp - kui makro paraneb, tõusevad turud selle pärast, et... ...makro paraneb. Kui makro halveneb, tõusevad turud selle pärast, et kohe tuleb Ben stiimulust tegema.
Erko Rebane
August ADP Employment Change 91K vs 100K Briefing.com consensus
kumba kategooriasse see ADP raporti järgne tõusuüritus kvalifitseerub? :)
Omanäolise ärimudeliga autorendifirma Zipcar (ZIP) teatas koostöölepingust autotootja Fordiga (F).
ZIP uudise peale ka eelturul üleval, kaubeldes 9% plusspoolel $ 22,00 kandis.
Zipcar and Ford (F) announced a new strategic alliance establishing Ford as Zipcar's largest university vehicle partner, reaching students at more than 250 U.S. campuses (20.36 )
The two-year alliance establishes Ford as the largest automotive source in Zipcar's University program. The two-year tie-up introduces a new generation of drivers to Ford vehicles with the highly fuel-efficient Focus and Escape. Zipcar will add up to 650 Fords to its lineup during this academic year and up to 1,000 Ford vehicles during the life of the agreement.
ZIP uudise peale ka eelturul üleval, kaubeldes 9% plusspoolel $ 22,00 kandis.
Zipcar and Ford (F) announced a new strategic alliance establishing Ford as Zipcar's largest university vehicle partner, reaching students at more than 250 U.S. campuses (20.36 )
The two-year alliance establishes Ford as the largest automotive source in Zipcar's University program. The two-year tie-up introduces a new generation of drivers to Ford vehicles with the highly fuel-efficient Focus and Escape. Zipcar will add up to 650 Fords to its lineup during this academic year and up to 1,000 Ford vehicles during the life of the agreement.
Mis täna Kreekas toimub? Kas pankade ühinemine ei kulge roosiliselt?
NBG kandis 1,65 mld EURi riigivõlakirju maha näiteks...
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_30/08/2011_404169
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_30/08/2011_404169
Hiina internetifirma SINA aktsiad on täna eelturul tavapäraselt aktiivsemalt kauplemas, kuna Susquehanna analüütikud ütlevad, et Baidu (BIDU) peaks SINA ära ostma riskide maandamise eesmärgil. Nimelt prognoosivad analüütikud, et hiljemalt 2013. aastal hakkab SINA (mini)blogikeskond BIDU-ga konkureerima.
SINA kaupleb eelturul 3,7% plusspoolel, $ 109,20 kandis.
SINA kaupleb eelturul 3,7% plusspoolel, $ 109,20 kandis.
High-Tech Bullies
ByJames "Rev Shark" DePorre
Aug 31, 2011
"Hope is the expectation that something outside of ourselves, something or someone external, is going to come to our rescue and we will live happily ever after."
--Dr. Robert Anthony
Despite a terrible consumer confidence report Tuesday, the market ramped up all day before crazy volatility around the close. Given that we were already extended on light volume, you might think that poor economic news would weigh on the market, but we are again in one of those perverse times when bad news is good for the market because it increases the likelihood that the Fed will deliver QE3 or some variation thereof.
What has really supported the market the last couple of days is the steady stream of comments from Fed members following the release of the minutes of its August meeting. Ben Bernanke has already set the stage for Fed action, and jawboning from various Fed members all but confirms it. The Fed tends to signal its moves, and it sure looks like it's doing exactly that.
There hasn’t been anything particularly positive as far as economic news lately, and Europe is still a mess, but that simply makes many market players more optimistic that the Fed will step in and save us again. We all know how this market reacted after the announcement of QE2 a year ago, and who in their right mind is going to fight that?
In addition to the focus on the Fed, we have been pushed around more than usual by computerized trading. The action at the close Tuesday was a particularly good illustration of how wildly things can move when the computers are at work. We had a big spike up in the in final 30 minutes of trading, gave back almost all of it, and then plunged to close nearly flat. There was no news to account for the movement, and if you tried to use logic to explain it, you would be hard pressed to come up with anything.
Unfortunately, this sort of computerized movement has become commonplace and we had better be ready to deal with it. Complaining isn’t going to make us any money. It is part of the market mosaic and we have to make sure to take it into account when formulating strategy.
Technically, the big picture suggests that we are ripe for some sort of pullback or consolidation as end-of-the-month window dressing and start-of-the-month inflows slow. We saw similar action at the end of June when we went up seven of eight days before finally correcting. We haven’t rallied as long this time and the bears had better be careful about being too negative too quickly. These rallies can continue higher and longer than we anticipate.
We have economic news coming up but it seems as if all economic news is a positive. If a report is strong, the economy is improving. If it's weak, the Fed will ride to the rescue.
As I mentioned yesterday, I repositioned myself in a more defensive posture and don’t have much long exposure. I’ve been looking to play a pullback but high-frequency trading is making it tough to time an entry. I’ll keep looking, but I’m also going to sift through the charts looking for individual stocks with potential. There have been good trade opportunities recently and if time frames are short, that should continue.
We have a positive open on the way as chatter about QE3 continues. Stay on your toes and be aware of how much the computers are shoving us around lately.
ByJames "Rev Shark" DePorre
Aug 31, 2011
"Hope is the expectation that something outside of ourselves, something or someone external, is going to come to our rescue and we will live happily ever after."
--Dr. Robert Anthony
Despite a terrible consumer confidence report Tuesday, the market ramped up all day before crazy volatility around the close. Given that we were already extended on light volume, you might think that poor economic news would weigh on the market, but we are again in one of those perverse times when bad news is good for the market because it increases the likelihood that the Fed will deliver QE3 or some variation thereof.
What has really supported the market the last couple of days is the steady stream of comments from Fed members following the release of the minutes of its August meeting. Ben Bernanke has already set the stage for Fed action, and jawboning from various Fed members all but confirms it. The Fed tends to signal its moves, and it sure looks like it's doing exactly that.
There hasn’t been anything particularly positive as far as economic news lately, and Europe is still a mess, but that simply makes many market players more optimistic that the Fed will step in and save us again. We all know how this market reacted after the announcement of QE2 a year ago, and who in their right mind is going to fight that?
In addition to the focus on the Fed, we have been pushed around more than usual by computerized trading. The action at the close Tuesday was a particularly good illustration of how wildly things can move when the computers are at work. We had a big spike up in the in final 30 minutes of trading, gave back almost all of it, and then plunged to close nearly flat. There was no news to account for the movement, and if you tried to use logic to explain it, you would be hard pressed to come up with anything.
Unfortunately, this sort of computerized movement has become commonplace and we had better be ready to deal with it. Complaining isn’t going to make us any money. It is part of the market mosaic and we have to make sure to take it into account when formulating strategy.
Technically, the big picture suggests that we are ripe for some sort of pullback or consolidation as end-of-the-month window dressing and start-of-the-month inflows slow. We saw similar action at the end of June when we went up seven of eight days before finally correcting. We haven’t rallied as long this time and the bears had better be careful about being too negative too quickly. These rallies can continue higher and longer than we anticipate.
We have economic news coming up but it seems as if all economic news is a positive. If a report is strong, the economy is improving. If it's weak, the Fed will ride to the rescue.
As I mentioned yesterday, I repositioned myself in a more defensive posture and don’t have much long exposure. I’ve been looking to play a pullback but high-frequency trading is making it tough to time an entry. I’ll keep looking, but I’m also going to sift through the charts looking for individual stocks with potential. There have been good trade opportunities recently and if time frames are short, that should continue.
We have a positive open on the way as chatter about QE3 continues. Stay on your toes and be aware of how much the computers are shoving us around lately.
August Chicago PMI 56.5 vs 53.0 Briefing.com consensus; July 58.8
July Factory Orders +2.4% vs +1.8% Briefing.com consensus
Teatavasti on Bank of America kohtuasjad peamiselt seotud 2008. aastal ülevõetud Countrywide`i poolt välja antud kodulaenudega. Tookord maksis BAC firma eest $ 2,5 miljardit. Kuid Reutersi andmetel on ülevõtt tegelikult läinud märksa kallimaks, täpsemalt rohkem kui $ 30 miljardit, sest just sellise summa ulatuses on maksma läinud laenude mahakirjutamised ja kohtukulud. Ka BAC-i praegune CEO Brian Moynihan on tunnistanud, et Countrywide`i ostmine on olnud kõige halvem otsus firma ajaloos.