Stocks on the Move

Stocks to Watch Thursday

2008-09-18T10:07:00.002-04:00

Washington Mutual (NYSE:WM) is now officially on sale, with potential acquirers including JP Morgan Chase (NYSE:JPM). The Short Term PowerRatings for WM and JPM are 5 and 4 respectively.
SanDisk (NasdaqGS:SNDK) is the target of an unsolicited takeover bid from Samsung Electronics. Samsung has offered $5.85 billion for the company. The Short Term PowerRating for SNDK is 4.
Among the best performing stocks were those related to gold and mining. Barrick Gold Corporation (NYSE:ABX) was up nearly 13% on the day. Newmont Mining Corporation (NYSE:NEM) gained more than 9%. The Short Term PowerRatings for ABX and NEM are both 3.
Reporting earnings Thursday morning before the market opens, FedEx (NYSE:FDX) is expected to announce earnings per share of $1.21. The Short Term PowerRating for FDX is 5.
Shares of Morgan Stanley (NYSE:MS) fell more than 27% on Wednesday despite beating analyst estimates by more than 50 cents after the close on Tuesday. The Short Term PowerRating for MS is 7.

Stocks to Watch Friday

2008-09-12T11:17:00.001-04:00

The Securities and Exchange Commission announced a preliminary inquiry into the bankruptcy rumor-fueled drop in shares of UAL Corporation (NasdaqGS:UAUA - News) according to a report from MarketWatch. The Short Term PowerRating for UAUA is 5.
General Motors (NYSE:GM) gained more than 11%, emerging as the Dow's biggest gainer on Thursday. The Short Term PowerRating for GM is 2.
The Wall Street Journal reported late in the day that Bank of America (NYSE:BAC) was in talks to buy Lehman Brothers Holdings (NYSE:LEH). The Short Term PowerRating for BAC is 5. The Short Term PowerRating for LEH is 6.
Up more than 10% on Thursday, CSX Corporation (NYSE:CSX), reached a three-day closing high after pulling back to oversold extremes on Tuesday. The Short Term PowerRating for CSX is 5.
Research in Motion (NasdaqGS:RIMM)announced a deal to use Microsoft's (NasdaqGS:MSFT) search engine on its popular Blackberry line of smartphones. The Short Term PowerRatings for RIMM and MSFT are both 4.

Stocks to Watch Wednesday

2008-06-17T22:50:00.000-04:00

CME Group Inc. (NYSE:CME) was the S&P 500's biggest gainer on word that the Justice Department would approve CME's purchase of NYMEX, the New York Mercantile Exchange. The Short Term PowerRating for CME is 1.
Goldman Sachs (NYSE:GSblew away earnings estimates this morning before the open, having largely avoided the worst of the lending crisis that has haunted its Wall Street peers. The Short Term PowerRating for GS is 2.
FedEx (NYSE:FDX) is scheduled to report quarterly earnings Wednesday before the open. Analysts are expecting earnings of $1.47 per share. The Short Term PowerRating for FDX is 5.
Zions Bancorporation (NasdaqGS:ZION) was down more than 10% on Tuesday as a Goldman Sachs report suggested tough times for regional banks through 2009. The Short Term PowerRating for ZION is 5.
Canadian Solar (NasdaqGM:CSIQ) closed up more than 10% on news that the company was boosting its 2008 sales forecast by as much as $220 million. The Short Term PowerRating for CSIQ is 2.
In their earnings announcment Tuesday before the open, Best Buy (NYSE:BBY) topped analyst estimates by six cents per share. The Short Term PowerRating for BBY is 4.
Morgan Stanley (NYSE:MS) reports earnings tomorrow before the bell, with analysts expecting EPS of $0.92. The Short Term PowerRating for MS is 3.

Hot Stocks to Watch Tuesday

2008-06-03T07:14:00.001-04:00

News that the Centro smartphone was taking customers away from the iPhone boosted shares of Palm (NasdaqGS:PALM) which manufactures the Internet-capable device. The Short Term PowerRating for PALM is 3.
An upgrade from Deutsche Bank AG helped oil refiners such as Tesoro (NYSE:TSO) move higher on Monday. The Short Term PowerRating for TSO is 3.
Lehman Brothers (NYSE:LEH) was among a number of Wall Street investment banks that saw its debt rating downgraded by Standard and Poor's on Monday. The Short Term PowerRating for LEH is 6.
Acorda Therapeutics (NasdaqGM:ACOR) was a standout stock on Monday as investors bid shares higher in the wake of positive clinical trial results for the biotech company's multiple sclerosis drug.
Toll Brothers (NYSE:TOL) is scheduled to announce quarterly earnings tomorrow morning before the bell. Analysts are expecting a loss of 0.87 EPS. The Short Term PowerRating for TOL is 5.
The board of directors of Wachovia (NYSE:WB) finally removed CEO Ken Thompson, while Washington Mutual (NYSE:WM) announced that Kerry Killinger would be replaced as chairman - though Killinger will stay on as CEO. The Short Term PowerRating for WM is 6.

Stocks to Watch Today

2008-05-29T07:08:00.001-04:00

Dow Chemical (NYSE:DOW)announced its decision to raise prices on all products by as much as 20% by the first of June to deal with rising commodity costs. The Short Term PowerRating for DOW is 7.
Hedge fund manager David Einhorn claimed that the $6 billion raised by Lehman Brothers (NYSE:LEH) will not be enough to cover the company's credit-related losses. The Short Term PowerRating for LEH is 5.
Reporting earnings before the bell on Thursday, Costco (NasdaqGS:COST) is expected to announce earnings per share of $0.65. The Short Term PowerRating for COST is 5.
Shares of Dryships (NasdaqGS:DRYS) were up more than 9% on Wednesday as the business of transporting commodities across international waters continues to benefit shippers. The Short Term PowerRating for DRYS is 7.
Fears of sluggish advertising sales growth led investors and traders to sell shares of Viacom (NYSE:VIA) on Wednesday. The stock was down by more than 4% on the day. The Short Term PowerRating for VIA is 5.
Dell (NasdaqGS:DELL) is scheduled to report earnings on Thursday after the close. Analysts are expecting EPS of $0.33. The Short Term PowerRating for DELL is 5.
Expedia (NasdaqGS:EXPE) moved higher by more than 4% on Wednesday as speculation grew that Barry Diller, chairman of the company, would seek to take the company private. The Short Term PowerRating for EXPE is 4.

Stocks to Watch Wednesday

2008-05-19T21:27:00.001-04:00

Amazon.com (NasdaqGS:AMZN) soared on news that Goldman Sachs added the company to its "buy" list, citing the potential for growth in the leading online retailer. The Short Term PowerRating for AMZN is 4.
Another day, another upgrade in the semiconductor sector as Citigroup raises Texas Instruments (NYSE:TXN) from "hold" to "buy". The Short Term PowerRating for TXN is 3.
Railroad stocks continued to rally with CSX Corp. (NYSE:CSX)leading the group higher on the day. The Short Term PowerRating for CSX is 3.
Shares of SanDisk (NasdaqGS:SNDK) plunged more than 7% on an analyst downgrade to "market underperform." The Short Term PowerRating for SNDK is 2.
Traders bid shares of Solarfun Power Holdings (NasdaqGM:SOLF) higher on Monday in anticipation of the company's earnings report on Wednesday before the open. The Short Term PowerRating for SOLF is 1.
Home Depot (NYSE:HD), the worlds largest home improvement retailer, reports earnings Tuesday morning before the bell. Analysts expect EPS of $0.37. The Short Term PowerRating for HD is 4.
Oracle (NasdaqGS:ORCL) found its future and Larry Ellison's leadership endorsed by Barron's magazine over the weekend. The stock was up more than 3% on the Monday. The Short Term PowerRating for ORCL is 4.

Hot Stocks to Watch Monday

2008-05-18T22:13:00.002-04:00

Reporting earnings Monday before the bell, Lowes (NYSE:LOW) is expected to announce EPS of $0.40. The Short Term PowerRating for LOW is 4.
A Merrill Lynch upgrade to "buy" from "neutral" catapulted shares of Stericycle (NasdaqGS:SRCL) higher by more than 6% on Friday. The Short Term PowerRating for SRCL is 4.
A Goldman Sachs downgrade helped send shares of JC Penny (NYSE:JCP) lower on Friday after Thursday's breakout. The Short Term PowerRating for JCP is 3.
Campbell Soup (NYSE:CPB) is scheduled to report earnings Monday morning before the market opens. Analysts expect earnings per share of $0.44. The Short Term PowerRating for CPB is 5.
Soaring more than 12% on Friday, shares of Advanced Auto Parts (NYSE:AAP) benefited from earnings that handily beat Wall Street estimates. The Short Term PowerRating for AAP is 4.
BMC Software (NYSE:BMC) reported fourth quarter profits that beat analyst expectations. The stock was up more than 6% on the day. The Short Term PowerRating for BMC is 4.
Analysts expect Home Depot (NYSE:HD) which reports earnings on Tuesday morning before the open, to announce EPS of $0.37. The Short Term PowerRating for HD is 3.
Published By TradingMarkets.com

Hot Stocks to Watch Tuesday

2008-05-06T08:16:00.001-04:00

Yahoo (NasdaqGS:YHOO) rallied late in the day to finish down 15% after Microsoft withdrew its bid for the company. The Short Term PowerRating for YHOO is 5.
Shares of Sprint (NYSE:S) rallied on the news that the company was considering selling or spinning off Nextel as an independent entity. The Short Term PowerRating for S is 5.
Fannie Mae (NYSE:FNM) announces earnings before the open on Tuesday, with analysts expecting EPS of -$0.81. The Short Term PowerRating for FNM is 4.
Bank of America (NYSE:BAC) announced that it planned to complete its take over of Countrywide Financial despite an analyst report critical of the takeover. The Short Term PowerRating for BAC is 4.
Reporting earnings before the market opens on Tuesday, Sara Lee LE is expected to announce earnings per share of $0.24. The Short Term PowerRating forSLE is 4.
The box office success of "Ironman" encouraged traders to bid shares of Marvel Entertainment (NYSE:MVL) higher by more than 9% on Monday. The Short Term PowerRating for MVL is 5.
Shares of General Motors (NYSE:GM) lost more than 3% on news of a labor dispute at a plant in Kansas. The Short Term PowerRating for GM is 2.

Hot Stocks to Watch Friday

2008-05-02T10:25:00.002-04:00

Exxon Mobil (NYSE:XOM) announced first quarter profits of $10.9 billion but still fell short of analyst expectations causing a pull back in the stock.
General Motors (NYSE:GM) reported U.S. auto sales of -16.3% and truck sales of -26.5%.
Shares of Las Vegas Sands (NYSE:LVS) fell nearly 6% after the casino operator reproted disappointing earnings results.
After the close, competitor Wynn Resorts (NYSE:WYNN) missed estimates by $0.01.
Sun Microsystems (NasdaqGS:JAVA) reported revenue of $3.27 billion, a 0.5% decline from the year ago quarter.
Before the market open, Chevron (NYSE:CVX) is scheduled to report, with analysts looking for $2.41 per share.
And finally, Nortel (NYSE:NT) is expected to report a loss of -$0.14.

Hot Stocks to Watch Tuesday

2008-04-28T22:29:00.002-04:00

Shares of WM. Wrigley Jr. (NYSE:WWY - News) surged more than 23% after the company reported earnings that beat estimates and agreed to a $23 billion merger with privately held Mars. The Short Term Power Rating for WWY is 4.
Ford (NYSE:F - News) shares jumped nearly 10% after Kirk Kerkorian's Tracinda announced it owns 4.7% of the company and plans to increase its holding. The Short Term Power Rating for Ford is 4.
After the close, Hartford Financial (NYSE:HIG - News) beat estimates by $0.05. The Short Term Power Rating for HIG is 4.
Visa (NYSE:V - News) reported Q2 earnings of $0.52 after the close, beating the consensus estimate by $0.07.
Before the market open and hot on the heels of Visa's numbers, MasterCard (NYSE:MA - News) is scheduled to report earnings of $1.99 per share. The Short Term Power Rating for MA is 5.
Valero Energy (VLO) is also due to report, with analysts looking for $0.29. The Short Term Power Rating for VLO is 4.

Hot Stocks to Watch Tuesday

2008-04-22T08:09:00.002-04:00

Bank of America (NYSE:BAC) reported first-quarter revenues and earnings fell substantially due to trading losses and write-downs. BAC's Short Term PowerRating is 3.
Shares of National City (NYSE:NCC) plunged more than 27% after the bank reported an unexpected loss. NCC cuts its dividend and said its close to securing a $7 billion cash infusion. NCC's Short Term PowerRating is 5.
After the market close, Boston Scientific (NYSE:BSX) beat estimates by $0.13 but issued mixed guidance. BSX's Short Term PowerRating is 4.
Texas Instruments (NYSE:TXN ) reported earnings of $0.43, in-line with estimates. TXN's Short Term PowerRating is 4.
Before the market open, AT&T NYSE:T is scheduled to report, with analysts looking for earnings per share of $0.74. T's Short Term PowerRating is 4.
CME Group (NYSE:CME) is expected to report $4.81 per share. CME's Short Term PowerRating is 3.
And finally, the earnings forecast for DuPont (NYSE:DD) is $1.27. DD's Short Term PowerRating is 4.

Hot Stocks to Watch Thursday

2008-04-17T07:35:00.001-04:00

JP Morgan Chase (NYSE:JPM) reported first quarter earnings of $0.68, beating estimates by $0.04. JPM's Short term PowerRating is 5.
Intel (NasdaqGS:INTC) also beat estimates by $0.04 and issued Q2 guidance in-line. INTC's Short term PowerRating is 5.
comScore reported the number of people clicking Google's paid search ads fell for the third straight month. Google (NasdaqGS:GOOG) is scheduled to report earnings after the close on Thursday. GOOG's Short term PowerRating is 5.
After the market close, eBay (NasdaqGS:EBAY) reported earning of $0.42, beating estimates by $0.03. EBAY's Short term PowerRating is 4.
And, International Business Machines (NYSE:IBM) beat estimates by $0.20 and issued an upbeat forecast. IBM's Short term PowerRating is 5.
Before the market open, Merrill Lynch (NYSE:MER) is scheduled to report, with analysts looking for a loss of -$1.99 per share. MER's Short term PowerRating is 5.
Pfizer (NYSE:PFE) is also due to report and expectations are pegged at $0.66. PFE's Short term PowerRating is 4.

Hot Stocks to Watch Monday

2008-04-14T09:58:00.001-04:00

General Electric (NYSE:GE) plunged nearly 13%, the most since the '87 crash, after the company reported earnings that missed estimates by $0.07 per share. The news was particularly disappointing because the company announced in January that it expected to report earnings in-line with estimates. GE's Short Term PowerRating is 5.
Shares of AMR Corp (NYSE:AMR) dropped after American Airlines was forced to cancel hundreds more flights on Friday. The total number of flights cancelled by American Airlines so far this week rose above 2,600. AMR's Short Term PowerRating is 5.
Genentech (NYSE:DNA) reported earnings of $0.84 per share, beating the consensus forecast by $0.02. DNA's Short Term PowerRating is 6.
Fastenal (NasdaqGS:FAST) rose more than 4% after the company beat estimates by $0.03. FAST's Short Term PowerRating is 4.
Shares of Frontier Airlines (NYSE:FRNT) collapsed 69% after the company filed for Chapter 11 bankruptcy protection.
Before the market open on Monday, BlackRock (NYSE:BLK) is scheduled to report earnings, with analysts looking for $2.05 per share. BLK's Short Term PowerRating is 7.
And, Charles Schwab (NYSE:SCHW) is expected to report earnings of $0.26. SCHW's Short Term PowerRating is 5.

New Zealand Dollar Gains on US Dollar

2008-04-07T11:30:00.000-04:00

The New Zealand dollar gained against the greenback after a report showed the US economy shed jobs for a third straight month, confirming fears it may be in a recession.
By 8am today, the kiwi was buying US78.85c from US78.23c at 5pm on Friday.
Both the euro and yen also posted gains on the greenback after data showed US employers cut 80,000 jobs in March, more than expected and the biggest monthly fall in five years.
The Australian dollar managed a 0.6 percent gain against its US counterpart despite an unexpected dip in Australian February retail sales data.
The aussie was also too potent for its trans-Tasman counterpart, with the kiwi slipping to a four-week low around A85.30c early Saturday from A85.82c at Friday's local close. By 8am today the kiwi had regained some of the lost ground to A85.52c.

Stocks on the Move Thursday

2008-04-03T00:02:00.002-04:00

Monsanto (NYSE:MON) reported second quarter earnings surged by 83% on 45% higher revenue than a year ago. MON's Short Term PowerRating is 6.
Profit fell much less than expected at Best Buy (NYSE:BBY), with earnings beating estimates by $0.06. BBY's Short Term PowerRating is 4.
CarMax (NYSE:KMX) reported a 48% decline in profit, missing estimates by $0.07. KMKX's Short Term PowerRating is 4.
The Wall Street Journal reported that National City (NYSE:NCC) is in talks to sell itself to rival KeyCorp (NYSE:KEY - News). NCC's Short Term PowerRating is 7.
After the close, Research In Motion (NasdaqGS:RIMM) reported earnings of $0.72 per share, versus estimates of $0.70. RIMM's Short Term PowerRating is 5.
This stock is set to soar big time tomorrow morning. A good short term investment may be the April 120 Calls. Additionally, buying leaps is a must. There is just no way that the demand for the Blackberry will decrease.
And Micron Technology (NYSE:MU) missed estimates by $0.05. MU's Short Term PowerRating is 2.
Before the market open on Thursday, Constellation Brands (NYSE:STZ) is scheduled to report, with analysts looking for $0.25. STZ's Short Term PowerRating is 4.

World Stock Markets Rally

2008-04-02T09:26:00.001-04:00

Asian stocks surged, Europe extended its gains and Wall Street was poised to rally once more Wednesday amid a growing belief that the worst of the credit crisis is over.
In Europe, share prices rose for banks such as UBS, which announced it was issuing new shares to help bolster its balance sheet after another massive write-down linked to bad U.S. mortgages. But automakers lagged on weak U.S. sales data for March, as well as a broker downgrade for Daimler.
In the U.K., the FTSE 100 rose 0.22 percent at 5,865.30, while Germany's DAX gained 0.65 percent at 6,763.77. France's CAC 40 climbed 0.68 percent to 4899.16.
In Tokyo the Nikkei 225 index rose 4.2 percent to 13,189.4. Hong Kong's Hang Seng Index climbed 3.2 percent to 23,872.4.

Lehman Brothers Holdings Inc. (LEH) Stocks Soars on Capital Plan

2008-04-02T00:26:00.000-04:00

Shares of Lehman Brothers Holdings Inc. rose sharply Tuesday and helped rally broader markets, as the investment bank raised $4 billion in new capital to shore up its liquidity position.
It was $1 billion more than Lehman had said it planned to raise just Monday night; Lehman said the offering was oversubscribed.
Lehman shares rose $6.70, or 17.8 percent, to close at $44.34, as investors brushed off the dilution from the new shares, which will reduce their ownership stake in the company.
Lehman's efforts are aimed at reassuring investors that the company has enough cash to handle any market demands, unlike competitor Bear Stearns Cos. In March, Bear Stearns faced liquidity problems that led it to near-bankruptcy and forced its sale to JPMorgan Chase & Co. for about $10 per share.

2008-04-02T00:01:00.001-04:00

Technorati Profile

Economic Data Boosts Financial Stocks

2008-04-01T23:47:00.001-04:00

Financial stocks were among the big winners after Lehman Brothers Holdings Inc. and Switzerland's UBS AG issued new shares to help bolster their balance sheets. With that upbeat news and a fresh quarter ahead of them, investors appear quite willing to make some bets that the worst of the damage from the nation's credit struggles has been felt. Moreover, the banks' moves buttressed the view that financial services companies are taking aggressive action to improve their capital bases and stave off the potential of a collapse similar to Bear Stearns Cos.
Analysts believe there must be a recovery in bank and brokerages to lead major stock indexes higher. Some of the biggest financial players had their sharpest moves of the year Tuesday -- Citigroup Inc. shot up 11 percent, JPMorgan Chase & Co. rose 9 percent, and Lehman surged 18 percent.

Stocks on the Move Tuesday

2008-03-31T21:51:00.004-04:00

Merck (NYSE:MRK) lost 14.7% and Schering-Plough (NYSE:SGP) plunged 26% after a panel of experts urged doctors to cut prescriptions of Vytorin and Zetia, their jointly marketed cholesterol drugs. MRK's Short Term PowerRating is 5 and SGP's Short Term PowerRating is 5.
Cal-Maine Foods (NYSE:CALM) dropped 11.8%, despite reporting earnings that more than tripled from a year ago. CLAM's Short Term PowerRating is 6.
Western Union (NYSE:WU) partnered with Radio Shack (NYSE:RSH) to allow users to transfer money through their cell phones. WU's Short Term PowerRating is 6 and RSH's Short Term PowerRating is 5.
SanDisk (NasdaqGS:SNDK) rose 6.6% after a strong showing by memory chip makers in Asia overnight. SNDK's Short Term PowerRating is 4.