Daily Market Commentary for November 10, 2009
Dow Jones
Stocks slowly rose today after Monday's rallies; in yesterday’s trading session the Dow Jones climbed over 200 points to record highs of 2009. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember1009.aspx
Economic data released today:
IBD/TIPP Economic Optimism:
U.S. November IBD/TIPP 6-Month Economic Outlook 49.2; U.S. November IBD/TIPP Economic Optimism Index 47.9 versus Oct…
hrb is chain store suplying tax credit services. every year tax order is orderd. then,cash flows into hrb.because chain model,its network barries
another competive company. far,hrb is largest firm in america. sales is higher every year.so, second largest company will be far more far place.
but , hrb is only inside usa. in foreign there is nothing. sales buffer in nothing in america. since this,what will hrb do ?
Today after DM announced an acquisition it's price went down.
http://www.legaltechbase.com/community/articles/2532_dolan_media_acquires_majority_interest_in_discoverready.html
I have seen the same thing with HAE stocks in Sep after they acquired a company
http://www.marketwatch.com/story/haemonetics-expands-its-blood-management-product-portfolio-with-acquisition-of-sebra-business-unit-2009-09-08
Is it because traders/market wants to evaluate the acquisition and act based on the anal…
Investors gave stocks the boost they needed, the Dow Jones Industrial Average hit new highs for 2009, it rose 199 points to 1, 223.09, Nasdaq Composite Index rose 32 points and the Standard & Poor’s 500 Index rose 41 points. November is typically a good month for stocks to get a boost; investors were making sure that stood true. Bond prices rose, the yield on the benchmark 10- year Treasury note fell to 3.48 from 3.50 Friday. Commodities such as gold and oil both rose in the trading session; t…
Daily Market Commentary for November 9, 2009
McDonalds
McDonald's latest report on third quarter earnings prove the recession hasn't hurt the world's largest fast food chain. (Read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentarynovember909.aspx
Economic data released today:
IBD/TIPP Economic Optimism:
U.S. Conference Board October Employment Trends Index rose 0.7% to 89.3; September Employment Trends Index 88.7; Revised from 88.5.
At the N…
I just wrote an article highlighting three stocks that are under $1 in the Information technology sector, consumer discretionary and telecommunication sector.
Click below…
http://stocklook.blogspot.com/2009/11/stocks-under-1obci-tcx-and-wyy.html
Whilst I will be taking DNDN down in a blaze of fiery glory I will also be saving Mack from his QCOR Miss Take. QCOR now getting ready to signal sell as it trades near $4 dollahs. Whenst (not if) that signal materializes we will see the final selloff down to my "zone of influence" which runs from 3.67 to 3.15. As always I will wait until the low end gets hit. Basically, this blowoff top in the markets will end badly before the day is out and not everythang that gits taken down will deserve it. D…
(TRGT) - buy
Targacept saw a gain during post-market trading of over 6% - could something be in the wind to make share price move higher as it nears its current 52 week high?
(EXEL) - buy
Exelixis, working with some of the largest in the pharm indtry such as GlaxoSmithKline, Bristol-Myers Squibb, Sanofi-Aventis and Roche/Genentech - could EXEL be the next takeover target?
(CBY) - buy
Kraft in the midst of hostile takeover of Cadbury?
(PCLN) - buy
Priceline is set to report earnings …
Gino
November 8, 2009
Here we ago again. Fuel prices at the pump have been creeping up for almost 3 weeks (penny by penny), my miles have been going down for about the same (I get paid by the mile). Still much more freight going into the U.S. than there is coming back to Canada and those of us that are still standing are fighting for that. My company says "NO" to cheap freight so we're losing alot of freight.
I used to plan my trips so I could get into a truckstop early enough to get a parking spot, usually by …
I've been trackin BRK.B for quite awhile so I "know" it eventually sees sub $2000 dollahs *-) I'm doing my weekend chart updates and I see BRK.B is showing a confirmed top as of the Fri high 3455...also signaling sell at the close so a rally on the open will be its final one I'm sho. I doubt it gets thru 3450 in fact. I am more n more beginning to see the facts about ole Warren Buffoon and the more I see...the more I sssthink he is nuphin but a BIG sheister. Foist, he goes into the last Prez ere…
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Analyst Blog Posts
I want to talk about the challenge of exponential growth in a finite world. This is a concept that while on its surface seems easy to get, most people don’t fully grasp it.
Any growth rate that is positive will lead to a doubling in size eventually -- the higher the growth rate, the quicker the doubling. A quick "back of the envelope" method of figuring it out is known as the rule of 70. If you divide a growth rate into 70, it will roughly give you the time for something to double. Thus …
A subsidiary of CenterPoint Energy Inc. (CNP) and NextEra US Gas Assets LLC, an affiliate of FPL Group Inc. (FPL) signed an agreement to explore the construction of a pipeline in north Louisiana. The new pipeline will transport natural gas from the Haynesville Shale area.
The expected capacity of the potential new pipeline is up to 2.0 billion cubic feet per day. The pipeline would connect Haynesville Shale natural gas production to markets in north Louisiana and CenterPoint Energy's Perryvill…
Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK.A)/(BRK.B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company.
The $8 billion loan that will be provided by JPMorga…
Stone Energy Corporation (SGY) reported third-quarter 2009 earnings of $1.06 per share, beating the Zacks Consensus Estimate of 66 cents and the year-earlier earnings of $1.04. The robust results were driven by increased production volumes and reduced costs.
Production during the quarter averaged 239 million cubic feet of gas equivalent per day (MMcfe/d), compared to average daily production of 209 MMcfe/d in the prior quarter and 129 MMcfe/d in the year-ago quarter. This increase was primaril…
J.M. Smucker Company (SJM) reported second quarter results with earnings of $1.22 per share, which was well above the Zacks Consensus Estimate of 99 cents. Quarterly earnings were up 21% compared to $1.01 reported in the prior-year quarter.
Net sales for the quarter grew 51.7% year-over-year, primarily due to the addition of the Folgers coffee business. Excluding Folgers, volumes increased 1%, driven by Pillsbury, Crisco oils, Jif peanut butter and Hungry Jack brands. These were partially offs…
GameStop Corporation (GME) the biggest video game retailer, reported third quarter earnings of 32 cents per share, slightly above the Zacks Consensus Estimate of 31 cents. The reported earnings were 6% lower than prior-year quarter.
Revenue for the quarter increased 8.2% to $1,834.7 million compared to $1,695.7 million reported in the year-ago quarter. The company’s top-line benefited from strong new title releases and price cuts on all current generation platforms.
While new software s…
This morning, Pozen (POZN) initiated phase III studies on PA-325/40, a fixed-dose combination of 325mg enteric coated aspirin and 40mg of immediate release omeprazole. The phase III program will consist of two pivotal trials conducted under a Special Protocol Assessment (SPA) agreed upon with the U.S. FDA, and one long-term safety study.
The two pivotal programs will enroll approximately 500 patients per study at over 100 sites around the U.S. The primary endpoint of the pivotal studies is the…
Yesterday, after market close, ADC Telecommunications Inc. (ADCT) declared financial results for the fourth quarter of fiscal 2009. Earlier, the Board of Directors of ADC had taken a decision to change its fiscal year from Oct 31 to Sep 30. As a result, fiscal year 2009 ended on Sep 30, 2009, which means the company got only two months as its fourth quarter. The fourth quarter of fiscal 2009 would, therefore, not be comparable to either the prior-year quarter or the previous quarter. For this r…
Recently, AstraZeneca plc (AZN) announced the submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for its blood clot preventer Brilinta (ticagrelor). Brilinta is an oral reversible P2Y12 adenosine diphosphate receptor antagonist for arterial thrombosis aimed to compete with the blockbuster drug Plavix which is co-developed by Bristol-Myers Squibb (BMY) and Sanofi-Aventis (SNY). On Oct 26, 2009, AstraZeneca filed for approval of the drug with the European Me…
Limited Brands Inc. (LTD) reported results for the third quarter of fiscal 2009 with earnings of 2 cents per share. Earnings were below the Zacks Consensus Estimate of 6 cents but were up 50% compared to the prior-year quarter.
Net sales for the quarter declined 3.5% year-over-year to $1.7 billion due to a 2% decline in comparable same store sales (comps).
According to channels, comparable same store sales of Victoria’s Secret channel contracted 4% as bra sales rose only modestly by…
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