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Ken flagg's Blog Posts Tagged 'Notes:' (263)

SMF Notes: Market Internals

The Dow increased 22.32 points (or 0.22%) closing at 10032.05, the Nasdaq was down 5.94 points (or 0.28%) to finish at 2114.03 and the S&P was up 1.31 points (or 0.12%) to finish at 1050.23.

Today's movement came from higher than avg. volume (NYSE 1401 closing avg of 1307 Nasdaq 2119, 2045), with advancers outpacing decliners on the NYSE and decliners outpacing advancers on the Nasdaq (NYSE 1654/1332 Nasdaq 1264/1320), and with new highs… Continue

Added by ken flagg on August 31, 2010 at 6:51pm — No Comments

SMF Notes: JOYG Joy Global Earnings Preview (56.98 +1.08)

Joy Global is scheduled to report third quarter earnings before the open tomorrow with the conference call scheduled for 11:00am ET. Earnings are expected to decrease 15.7% YoY to $1.02 per share, and revenues are expected to decrease 8.2% YoY to $878.2 mln. Gross margin is expected to drop 302 bps from Q1 but increase 76 bps from 3Q09 to 32.59%. In the press release for last quarter's earnings the company raised FY10 EPS guidance to range of… Continue

Added by ken flagg on August 31, 2010 at 4:37pm — No Comments

SMF Notes: Chicago PMI Slows, But Remains Firmly In an Expansion Cycle

The Chicago Purchasing Managers Index from Kingsbury International, Ltd., softened from 62.3 to 56.7 in August as the general manufacturing slowdown finally came to the Chicago region. The Briefing.com consensus called for the Chicago PMI to fall to 57.0. Despite the deceleration in the Chicago region, there is still nothing in the data that changes our view on the manufacturing sector. It would take another two or three months of solid… Continue

Added by ken flagg on August 31, 2010 at 4:35pm — No Comments

SMF Notes: SUMRX Economic summary: Consumer Confidence beats consensus;

Economic Data Summary:

* June Case-Shiller 20-city Index 4.23% vs Briefing.com consensus 3.1%; May was revised to 4.64% from 4.61%.

* August Chicago PMI 56.7 vs Briefing.com consensus 57.0; July was 62.3. Despite the deceleration in the Chicago region, there is still nothing in the data that changes our view on the manufacturing sector. It would take another two or three months of solid deterioration in demand before manufacturing… Continue

Added by ken flagg on August 31, 2010 at 1:03pm — No Comments

SMF Notes: Sector Summary: S&P 500 Health Care Sector Modestly Underperforming the Broader Market

In a relatively quite corporate news day, the S&P 500 Health Care Index is trading +0.3% vs +0.6% for the S&P 500. Fourteen our of fifty one S&P 500 Health Care constituents are trading in the green.

In corporate news, Bionovo (BNVI +30%) receives positive guidance from FDA on Menerba, and announces a 1 for 5 reverse stock split... pSivida (PSDV +12%) announces Iluvien receives FDA Priority Review for treatment of diabetic macular… Continue

Added by ken flagg on August 31, 2010 at 12:24pm — No Comments

SMF Notes: Today's biggest % gainers/losers

The following are today's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap).

Today's top 20 gainers:

Technology: SPRD (10.82 +6.6%), CALX (12.21 +6.54%), ARMH (16.73 +6.15%)

Services: SKS (8.04 +21.82%), LGF (7.3 +12.48%), DGIT (15.94 +5.49%), SKYW (12.69 +4.88%), SCHL (23.52 +4.39%)

Healthcare: JAZZ (8.94 +5.18%)

Financial: FFBC (16.19 +5.47%)

Consumer Goods: KS… Continue

Added by ken flagg on August 31, 2010 at 12:21pm — No Comments

SMF Notes: Today's biggest point gainers/losers

Biggest point gainers: PCLN (294.01 +4.33), WLT (72.15 +3.65), WPO (374.03 +3.54), ABV (110.97 +3.20), BH (290.01 +3.03), NFLX (126.13 +3.03), CEO (171.29 +3.02), ABVC (94.89 +2.89), FCX (72.73 +2.37), IOC (58.93 +2.07), HDB (161.26 +1.98), MGA (77.02 +1.89), WTM (303.43 +1.87), BUCY (58.10 +1.85), CLF (60.86 +1.83), GOLD (92.88 +1.81), AZO (212.75 +1.72), ANR (36.78 +1.67), NBL (70.21 +1.65), EMN (61.75 +1.58), X (43.49 +1.58), UFS (60.26… Continue

Added by ken flagg on August 31, 2010 at 12:19pm — No Comments

SMF Notes: Commodities Update: Crude/Natural Gas Down

Recent weakness in the dollar index gave select commodities a boost.

October crude oil rallied over a dollar back to the unchanged line in recent activity. However, crude is now back in negative territory at $74.37 per barrel, down 0.4%. The October crude contract hit new lows of $71.63 per barrel last Tuesday. Last week, crude closed 1.9% higher, but is down for a second day in a row so far in this week's trade.

October natural gas… Continue

Added by ken flagg on August 31, 2010 at 12:18pm — No Comments

SMF Notes: FDIC Quarterly Banking Report Conference Call Summary

Shelia Bair comments: Nearly 2 out of every 3 banks reporting better numbers; says as long as economic conditions continue most banks will be able to expand lending operations... believe all banks should exercise caution and maintain high reserves... still anticipate the number of institutions to fail in 2010 will surpass 2009 but that the assets will be less...FDIC has sufficient funds to handle losses... says seeing recovery as sluggish and that they continue… Continue

Added by ken flagg on August 31, 2010 at 12:16pm — No Comments

SMF Notes: AAPL Apple: No major product catalysts until early 2011

Rodman and Renshaw says the media event on Wednesday will largely focus on iPod -- Nano and Touch -- refresh. The form factor will come to more closely resemble an iPhone with touch screens, transitioning away from click wheel, and front/rear facing cameras. It is likley that Synaptics (SYNA) has ceded designs to Cypress (CY) due to technology transition. They believe that the unit volume the product category has largely peaked and contribution will be… Continue

Added by ken flagg on August 31, 2010 at 12:14pm — No Comments

SMF Notes: SOLAR HIGHWAYS

Thought this was a neat concept... If it would work it would be cool!

click>>> Solar Highways…

Continue

Added by ken flagg on August 31, 2010 at 11:29am — No Comments

SMF Notes: Early Floor Talk: Futures pointing to weaker start as a weak August concludes

Equity futures are pointing to a further decline this morning, with S&P futures -8 vs. fair value (-0.8%) and DJ futures -70, after falling ~1.5% yesterday on very light volume. The lower indication follows a weak overseas performance, with a sharp -3.6% plunge in the Nikkei as the yen rises back toward 15-year highs. The losses were less substantial outside of Japan , but still significant with Chinese stocks closing out the month weak (Hang Seng… Continue

Added by ken flagg on August 31, 2010 at 11:25am — No Comments

SMF Notes: UNG Global, sector, & commodity ETF money flows- Natural Gas (UNG)

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

natural gas- UNG +2.50%, US Treasuries & fixed income- TLT +1.50%, TLH +1.25%, IEF +0.75%, IEI +0.50%, AGG +0.50%, agriculture & grain complex- JJG +1.50%, DBA +0.50%, VIX vol index- VXX +1.50%, VXZ +0.75%, cotton- BAL +1.50%, Yen currency shares- FXY +0.75%, copper- JJC +0.50%, Swiss Franc currency shares- FXF +0.50%

Actively Traded Lagging Global,… Continue

Added by ken flagg on August 30, 2010 at 8:55pm — No Comments

SMF Notes: End of Day Summary: Stocks Slide as Trade Turns Cautious

Market participants showed caution amid a looming monthly jobs report. Their unwillingness to step in and provide support left the major averages to a gradually descend to another deep loss... Stocks failed to pick up where they left off last week. There were no notable earnings announcements, but merger and acquisition activity continues in the face of economic uncertainty. Among those in the headlines, Intel (INTC 17.96, -0.41) announced plans to… Continue

Added by ken flagg on August 30, 2010 at 8:54pm — No Comments

SMF Notes: Market Internals -

The Dow decreased 140.92 points (or 1.39%) closing at 10009.73, the Nasdaq was down 33.66 points (or 1.56%) to finish at 2119.97 and the S&P was down 15.67 points (or 1.47%) to finish at 1048.92.

Today's movement came from lower than avg. volume (NYSE 818 closing avg of 1306 Nasdaq 1602, 2041), with decliners outpacing advancers (NYSE 677/2327 Nasdaq 542/2100, and with new highs outpacing new lows on the NYSE and new lows outpacing new… Continue

Added by ken flagg on August 30, 2010 at 8:49pm — No Comments

SMF Notes: AAPL Apple iPad lead times falling significantly, promotions key

Sterne Agee believes iPad lead times in the US are falling significantly while iPhone 4 lead times continue to hold solid and steady. Firm says initial iPhone 4 lead times in the 4-6 weeks or higher and iPad leadtimes were 7-10days to 2-3 weeks. But lead times on the iPad have come in quite a bit more than the iPhone4 as shown above. They believe that this could create some concern with potentially waning demand in the U.S. , given recent consumer… Continue

Added by ken flagg on August 30, 2010 at 5:04pm — No Comments

SMF Notes: INTC Intel: Color on Friday's preannouncement (18.37 ) -Update-

* Kaufman notes, last Friday, INTC preannounced that will miss its September quarter outlook due to weakness in the consumer segment for mature markets. While this miss is disappointing, it was somewhat expected with shares trading up 1%. Many believed, that INTC's original guidance was upbeat in light of mixed data points out of the Asia-Pacific PC supply chain. In terms of coverage, firm remains positive on AAPL as it believes it remains the… Continue

Added by ken flagg on August 30, 2010 at 8:34am — No Comments

SMF Notes: GENZ Genzyme: Analysis of EV ranges suggests $78-80/sh for a "$20 bln" Sanofi offer

RBC Capital notes SNY announced a bid of $69/share for GENZ. Firm expects GENZ to trade slightly higher than $69/share in anticipation of at least one more higher offer. RBC notes that on a $20 bln EV basis, GENZ could be valued as high as $80/share by: 1) using a lower 254.8 mln sharecount as cited in the 10-Q; 2) including $1.1 bln in current/long-term debt and backing out $974 mln in cash; and 3) making an assumption that the diagnostics divestiture… Continue

Added by ken flagg on August 30, 2010 at 8:31am — No Comments

SMF Notes: Deficit Cost Declines Give Obama Stimulus Clinton Couldn't Get

The bond market is giving President Barack Obama the green light to spend more money to boost the faltering economy.

While the government has increased the amount of marketable Treasuries 70 percent to $8.18 trillion the past two years, rising demand has driven yields so low that interest to service the debt has fallen 17 percent so far in fiscal 2010 ending Sept. 30 from all of 2008.

Instead of punishing the Obama administration for… Continue

Added by ken flagg on August 29, 2010 at 10:11pm — No Comments

SMF Notes: Commodities Weekly Summary: Natural Gas Falls 11.7%, Silver Rises 5.9%, Crude Closes Above $75 -

The CRB Commodities Index rose a slim 0.26 points for the week, but was better than the S&P 500 which lost 0.8%.

Looking more closely at energy, September crude oil futures, which rose 1.9% to close at $75.19 for the week, spent most of its week in negative territory. Crude moved into the red on Monday and traded there until moving into positive territory on Thursday. However, this only lasted a minute as crude fell back into the red until… Continue

Added by ken flagg on August 28, 2010 at 11:50am — No Comments