Eile UBS poolt BUY ja target $41
Q3 Nonfarm Productivity- prelim +1.9% vs +0.9% Briefing.com consensus
Continuing Claims falls to 4.340 mln from 4.382 mln
Q3 Unit Labor Costs- prelim -0.1% vs +0.6%, Q2 +1.3%
Ja kuidas sa mulle selle pohmeluse orgunnid, kui ma ei joo :-D
Gapping down
In reaction to disappointing earnings/guidance/SSS: INTT -24.3%, LL -13.8%, MPWR -11.0% (also downgraded to Buy from Strong Buy at Needham, downgraded to Market Perform from Outperform at BMO Capital), GIVN -9.6% (also downgraded to Neutral from Positive at Susquehanna), PPO -9.3%, FSYS -8.2%, DOX -5.0%, FRPT -4.7% (ticking lower), KRA -4.4% (ticking lower), BIG -4.2%, MELI -4.1%, CBM -3.9% (light volume), CRA -3.8%, ONNN -3.6%, ALU -3.1%, NDN -3.0% (light volume), PACR -2.9%, ARO -2.7%, WBMD -2.7%, CVD -2.7% (light volume), ANDE -2.2% (light volume), CHK -2.1%, KSS -2.0%, DNDN -1.5%, PRU -0.9%, WPRT -0.8% (Intends to Offer Common Shares).
M&A news: POT -4.5% (Canada decides BHP unsolicited offer for PotashCorp is not likely to be of net benefit to Canada).
Other news: MAKO -6.1% (Announces the Sale of Common Stock), LCRY -5.9% (announces proposed public offering of stock; offering is expected to price on Thursday, November 4, 2010), HDY -5.8% (raises $30 mln in a private placement of common stock to BlackRock), GEL -4.3% (prices a registered underwritten public offering of 4.5 mln common units representing limited partner interests at $23.58 per unit), APOL -2.5% (discloses Dept of Education program review of University of Phoenix's administration of federal student financial aid), WYNN -1.0% (still checking), MEE -0.9% (Responds to Department of Labor Action).
Analyst comments: PT -3.5% (downgraded to Hold from Buy at Deutsche Bank, downgraded to Neutral from Buy at Natixis, downgraded to Hold from Buy at Citigroup), TISI -2.7% (downgraded to Underweight from Hold at KeyBanc), BIIB -1.9% (initiated with a Sell at Goldman), CEL -1.7% (downgraded to Hold from Buy at Citigroup), LOGI -1.2% (downgraded to Sell from Hold at Citigroup), AMGN -0.9% (initiated with a Sell at Goldman).
Gapping up
In reaction to strong earnings/guidance/SSS: ZUMZ +9.7%, MTZ +9.1%, SRZ +8.6%, WFMI +8.3%, QCOM +8.1% (upgraded to Neutral at MKM Partners; tgt raised to $55), GPS +6.4%, BDR +6.1%, ACLS +5.6%, UN +5.2%, FNDT +5.0% (ticking lower), IO +4.7% (ticking lower), AUY +4.0%, NP +3.3%, IPI +3.3%, NABI +2.6%, M +2.2%, VCLK +2.1%, NWSA +2.1%, MEAS +2.1% (light volume), SMSI +1.4%, BEE +1.3%, MIC +1.2%, VOLC +0.6%, FWLT +0.7%.
Select financial related names showing strength: HBC +3.9%, BCS +2.9%, CS +2.6%, STD +2.4%, DB +2.3%, UBS +1.9%, RBS +1.8%, ING +1.6%, BAC +1.2%, C +1.0%, JPM +0.9%.
Select metals/mining stocks trading higher: DNN +4.6%, BHP +4.2%, BBL +4.1%, HL +3.4%, RIO +3.3%, MT +2.7%, SLV +2.7%, NG +2.7%, FCX +2.7%, SLW +2.7%, X +2.4%, EGO +2.4%, GFI +2.4%, CLF +2.1%, GOLD +2.0%, MT +1.9%, GLD +1.1%, VALE +0.7%.
Select oil/gas related names showing strength: TOT +3.3%, E +2.1%, BP +1.7%, REP +1.8%, SU +1.7%, APC +1.4%.
Select solar names seeing early strength: JASO +2.0%, TSL +1.9%, REP +1.8%, SOLF +1.5%.
Other news: URRE +22.8% (signs letter of intent for exploration agreement with Cameco Resources to explore Texas properties), RNN +6.8% (awarded grants totaling $822,137 through the US Federal Government's Qualifying Therapeutic Discovery Project), BT +2.9% (discloses impact of the government's decision regarding future pension indexation on the pension), LINE +2.9% and BTU +1.7% (Cramer makes positive comments on MadMoney), RYAAY +2.5% (still checking), EXAS +2.5% (EXACT Sciences announces proposed public offering of common stock), AMR +1.6% (continued strength; reported an October traffic), CODE +1.1% (priced a 6.75 mln share common stock offering at $17/share).
Analyst comments: LNC +1.8% (upgraded to Strong Buy from Outperform at Raymond James), AAPL +0.5% (initiated with a Outperform at Robert W. Baird).
Rev Shark: Remember the Rule -- Don't Fight the Fed
11/04/2010 7:26 AM
# Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.
-- Fed Chairman Ben Bernanke, in an editorial in today's Washington Post
The dollar is plunging and commodity prices rising as the market continues to celebrate the Fed's quantitative easing program. The election results and the announcement of more QE have been well anticipated for quite a while now, but so far the market is showing no signs of a "sell the news" reaction that so many bears have been expecting. As I've theorized, a "sell the news" reaction is just too obvious, and the bears who have tried to jump in front of such a move have turned into short-squeeze fodder.
Part of what's helping this morning is an editorial by Ben Bernanke in The Washington Post. He does a good job of selling the benefits of QE 2 and makes it clear that the Fed is intentionally trying to drive up the stock market and keep interest rates low in order to increase confidence. He dismisses concern about inflation and is quite positive that the Fed will be able to reverse course in a timely fashion.
With Ben Bernanke on the side of the bulls, it is very hard to ignore the old adage about how we shouldn't be fighting the Fed. The Fed printing press will always overcome just about any bearish argument you can make.
In my style of trading, the second most important rule (after "always protect your capital") is "don't fight the trend." As I've written numerous times, trends almost always last longer and go further than you think. The current trend has been running since the end of September and the bears who keep on trying to call a turn have been burned many times.
Now that all of the expected good news is out, the danger that the market may top out is increasing -- we simply don't have that many more positive drivers left. We've had a good earnings season, favorable election results and a Fed that is highly supportive of the market. What we really need are some better economic stats; we will have a good test Friday morning when the monthly jobs figures are released.
The trend is our friend, and it still is up. But there are fewer positive catalysts on the horizon, and that increases the danger of a reversal. We don't want to fall in the trap of being overly anticipatory in regards to a potential market top, but we need to make sure we stay vigilant and are cognizant that the risks are increasing as well-anticipated good news is released.
We have another gap-up open on the way as overseas markets celebrated QE 2, but the jobs report tomorrow morning could trigger some increased caution later in the day. On the other hand, this market seems very unworried and unconcerned as long as Ben Bernanke and his band of merry pranksters keep blasting us with their liquidity bazooka.
;P
Ei tule välja! Ehk õpetad?
Nii kui sisenen teemasse teist korda või vajutan refresh nuppu - kohe duubeldab viimast postitust.