July 2011 Blog Posts (135)

Nasdaq Composite Stock Market Correction Bear Reversal & Market

http://www.youtube.com/watch?v=RPjfTdei8MI&feature=player_detailpage

S&P 500 Index Stock Market Correction Bear Reversal & Market…

SMF Notes GDP - Q2 Advance - Preview

After increasing 1.9% in the first quarter, the Briefing.com consensus expects real GDP increased only 1.7% in the second quarter. Signs of strong growth were almost completely offset by areas of weakness. For example, the net export deficit contracted in the second quarter, but its contribution to GDP growth was offset by weaker consumption levels. Similarly, stronger…

 Reports Q2 (Jun) earnings of $4.38 per share, $0.18 better than the Capital IQ Consensus Estimate of $4.20; revenues rose 3.0% year/year to $838.3 mln vs the $819.6 mln consensus. The company expects 2011 total operating expense of $1.235 billion, down from $1.26 billion. The company expects 2011 total capital expenditures of $165 million, down from $180 million. For the second half of 2011, the company estimates an effective tax rate of approximately 42.5…

 Nervousness grows about debt deal; VIX now +29% on the week

The market has taken out its morning lows and is now at its worst levels of the day/week (Dow -175, SPX -24, Nasdaq Comp -69). The weakness is an extension of pressure that has been building all week, as nervousness grows about the U.S. debt situation. Although the U.S. debt deadline of August 2nd has been known for quite some time, it didn't cause…

Visa will report Q3 (June) earnings after the bell with a call to follow at 17:00 ET. Analysts are looking for EPS of $1.23 (+27%) on net revenue of $2.30 bln (+13%). Visa is expected to reaffirm its FY11 and FY12 financial outlook as mgmt presented the outlook just two weeks ago following the release of the final rules of debit card interchange regulation (the Durbin Amendment).

On July 6, Visa reaffirmed its…

 VIX futures surge (VXX) as spot VIX nears 23 on mounting fears of US credit default; USD (UUP) bounce back vs. major currencies; Tech. space relative weakness (IGN, XSD, SKYY) weighs on broad market today

ETFs and ETNs Posting Relative Strength & Outperformance:

VIX futures- VXX +6%, VXZ +2.5%, cotton futures- BAL +2%, USD- UUP +0.75%, MENA Frontier countries-…

Today after the close look for the following companies to report:

HUBG, KNX, LRCX, NSR, AMP, HMA, HURN, CBG, CLUB, HMN, SFN, SGMO, STR, TMK, UHS, AEA, AFFX, AFL, AIZ, AKAM, ARII, ARRS, AVB, BDN, CCI, CHRM, CINF, COG, CSGP, CTXS, DAVE, DRCO, DRE, DUF, EFX, EGN, EQIX, EQR, FLS, FR, GGG, HGR, HRC, IDCC, IFSIA, ISIL, ISSI, ITRI, JAH, KAI, KALU, KBR, KEX, LOGI, LOGM, LOOP, LSI, MANT, MBLX, MERU, MRH, MTSN, OI, OII, ORLY,…

Durable goods orders fell 2.1% in June, which is the second decline in the past three months. The Briefing.com consensus expected orders to increase 0.5%. While the durable goods report may seem weak on the surface, it is actually another sign that businesses expect the recent slowdown in demand to be only temporary. Strong growth was seen in primary and fabricated metal demand. These goods are typically used as inputs in more complex manufacturing processes.…

SMF Notes Gapping up

In reaction to strong earnings/guidance: ESIO +13.9%, QCOR +10.4%, KEYN +10%, TPX +7.3%, RFMD +6.7%, AMZN +5.8%, LAD +5.8%, KEM +5.7% (light volume), CAP +5.6%, HTCH +4.9%, IRBT +4.8%, LVS +4.8%, IGT +4.6%, DWA +4.4%, GNK +4.2%, WYN +3.3%, AET +3.2%, MT +2.6%, BA +2.6%, ERTS +2.5% (light volume), DOW +2.2%, EXC +2.1% (light volume), MCO +1.8% (light volume), TMO +1.1%, NSC…

 Biggest point gainers: NFLX (283.73 +7.15), AAPL (399.34 +6.04), MA (318.14 +4.00), CNH (41.25 +3.96), CYOU (49.19 +3.23), ROP (87.46 +3.00), CLB (112.00 +2.69), BIDU (156.35 +2.35), ADS (99.91 +2.26), SOHU (86.33 +2.19), TZOO (61.24 +1.84), UNP (105.50 +1.70), CF (161.94 +1.69), ETN (52.82 +1.66), AGCO (50.57 +1.63), CPX (42.48 +1.61), BAS (36.27 +1.60), DTLK (10.90 +1.55), MON (76.91 +1.50), BC (21.30 +1.48), RBA (29.28 +1.46), SLB (95.11 +1.30), ALB (68.14…

 Wind energy (FAN) remains a top performing segment; VIX futures (VXX) remain elevated even with SPX well off lows; CRB agriculture & food components (NIB, SGG, JJG) trade lower

 

ETFs and ETNs Posting Relative Strength & Outperformance:

wind energy- FAN +3.5%, VIX futures- VXX +2%, VXZ +1.25%, B2B- BHH…

New 52 week highs include: AEE, ATRO, AUY, BDSI, BIDU, CAG, CEG, CF, CHSI, CMG, CPX, CROX, CRR, CVI, CYOU, DGII, DMRC, DRC, DTLK, EDR, EQT, EXC, FTK, GDI, GLF, GRT, GSK, HAYN, HNSN, IDIX, KOF, MPEL, NEPT, NXST, NZT, PBT, PDS, PLNR, POL, PPL, RGLD, RPTP, SAH, SCSC, SLB, SWN, TESO, TMH, TNH, WGL, WNR, WPI, WTI

New 52 week lows include: AMR, BPOP, BTN, CCM, CRRC, DAL, DSX, EXM, FGP, HDB, HGSI, HNP, LCC, LUV, NAT,…

 The Dow is down 43 (0.3%) to 12638, the S&P 500 is down 4 (0.3%) to 1341 and the Nasdaq is down 4 (0.1%) to 2855. Action has come on light volume (NYSE 308 mln vs. avg of 356 mln; NASDAQ 739 bln vs. avg. of 843 mln), with decliners outpacing advancers (NYSE advancers/decliners 753/2208, NASDAQ advancers/decliners 776/1758) and with new highs narrowly outpacing new lows (NYSE new highs/new lows 35/33 NASDAQ new highs/new lows…

 NFLX (+2.8%) posting a firm bid ahead of tonight's qtrly. earnings; BIDU (+0.80%) jump to new 52-week highs @ 157.33 ahead of earnings results due later this eve 

 

NDX 10 Best % Performers:

NFLX, CTRP, INTU, ATVI, WFM, ERTS, BIDU, MSFT, VMED, SYMC

NDX 10 Worst %…

 Auriga initiates FSLR with a Buy and price target of $157 saying the co is the solar PV industry's low cost leader with a flexible business model targeted at the solar module and solar power project markets. They believe First Solar's efficient manufacturing, solid operational track record, and strong balance sheet positions it better than its peers to weather the continued ASP pressure across the solar PV value chain.…