Saturday, November 29, 2008
Timothy Geithner Update
On Wall Street, Geithner is known as a highly competent technocrat, well versed in the financial complexities. But he has also been seen as a weak and compliant regulator of Wall Street firms, someone who did not see the storm coming. Occasionally, Geithner would anguish publicly about the accumulating time bombs like credit derivatives and urge bankers to do something, but he did not use his supervisory powers to compel action. In bailout negotiations with Wall Street titans, Geithner and the Federal Reserve were spun around like a top more than once.
No wonder the stock markets rallied explosively when they heard Geithner would be their new boss in Washington. They think he is their guy. Summers may be a brilliant economist -- everyone says so -- but he, too, is a club member in good standing and now manages a huge hedge fund while he advises Obama. The president-elect needs to get a "second opinion" -- someone from outside the financial club who can explain the flaws in the rescue strategy preached by Bush's treasury secretary Henry Paulson and Tim Geithner at the New York Fed.
Their approach has clearly been designed to preserve what's left of the Wall Street establishment and maintain the supremacy of the largest financial firms while the taxpayers pick up their losses. That model has failed and too many smart people know why. The bailouts have been too little too late and aimed at an impossible objective -- persuading private capital investors to believe in the phony assurances proffered by the bankers. AIG, the insurance giant taken over by the feds, has turned into a bloody hemorrhage. Citigroup will be another and may soon be joined by other major banks demanding the same favorable terms. Wasting more public money on insolvent mastodons is the least of it. The real scandal is it doesn't work. It can't work because the black hole is too large even for Washington to fill. Government should take over the failing institutions or force them into bankruptcy, break them up and sell them off or mercifully relieve everyone, including the taxpayers.
Stock markets rallied again with the salvage of Citigroup. But not everyone in Wall Street was cheering. Christopher Whalen of Institutional Risk Analytics, the bank monitoring firm that has repeatedly been right about the banks when the government officials were wrong, had harsh words for the deal. "Pretending that Citi is going to be a going concern I think is silly," Whalen said. "We should be thinking about breaking this company up and redistributing the assets into stronger hands."
Will Timothy Geithner or Larry Summers advise the next president to face reality and throw in the towel? One hopes so, because Whalen warns: "By embracing Geithner, President-elect Obama is endorsing the ill-advised scheme to support AIG directed by Hank Paulson et al at Goldman Sachs and executed by Tim Geithner . This scheme to stay AIG's resolution cannot possibly work and, when it does collapse, Barack Obama and his administration will wear the blame."
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Posted by st0ckman at 12:56 PM 0 comments
Labels: Politics
Friday, November 28, 2008
YouTube - Gerald Celente - Fox Business News
Posted by st0ckman at 10:50 AM 0 comments
Labels: Economics, Gerald Celente
Thursday, November 27, 2008
Pre Market Turkey Trade
Pre Market Turkey:
After Market Turkey
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Posted by st0ckman at 12:12 PM 0 comments
Wednesday, November 26, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: BGP -52.4%, YGE -15.1%, JCG -14.1% (also downgraded to Hold at Needham), DE -10.0%, TIF -8.8%, VRGY -6.7%, TIVO -5.9%, TNB -4.7%, ANDE -2.5% (also downgraded to Neutral from Buy at Piper Jaffray)… M&A news: BCE -42.3% (Preliminary view from KPMG is that deal may not beat solvency test by December 11)… Select oil/gas related names showing weakness: NOV -4.4%, RDS.A -3.6%, BP -3.3%, APC -3.2% (downgraded to Neutral at Merrill), PBR -2.6%, SU -2.4% (downgraded to Underperform at Merrill), COP -2.4%, TOT -2.2%, XOM -1.0%… Select financial names trading lower: UBS -7.4%, ING -6.1%, MS -4.7%, BAC -4.6%, BCS -4.1%, MER -4.0%, JPM -3.7%, COF -3.6%, GS -3.0%, WFC -2.7%, HBC -2.4%, RBS -2.4%… Select airlines ticking lower with crude higher: LCC -9.2%, UAUA -4.9%, AMR -1.7%, DAL -1.5%… Select metals/mining names showing weakness: RTP -13.4% (Rio Tinto under pressure on asset sales - Reuters), AAUK -2.6%, MT -1.8%, GOLD -1.6%, BBL -1.4%, BHP -1.2% (downgraded to Hold at Canaccord)… Select solar names trading lower following disappointing YGE results: JASO -8.8%, CSUN -8.7%, FSLR -4.4%, ESLR -3.4%… Other news: LFG -73.6% (to be removed from S&P 600), ALU -4.5% (announces the appointment of Paul Tufano as CFO), KG -3.7% (discloses it is exploring an alternative financing arrangement for its pending acquisition of Alpharma), GSK -3.5% (down despite Reuters reporting that co says that it not involved in latest European Commission raids), CAT -3.4% (down in sympathy with DE), CAG -2.5% (filed for a $4 bln mixed shelf offering)… Analyst comments: EXM -7.7% (downgraded to Sell at Cantor), SAP -3.9% (downgraded to Sell at Societe Generale), DT -2.8% (downgraded to Underperform at Bernstein), DLTR -2.5% (downgraded to Neutral from Buy at MKM Partners), CBE -1.7% (downgraded to Neutral at UBS), NXY -1.4% (downgraded to Underperform at Merrill), CPB -1.2% (downgraded to Hold at Argus).
Gapping Up
General news: HOC + 12.4% (will replace LFG in S&P 600), RMBS + 5.0% (showing continued strength following yesterday’s 20% climb), CHL + 4.1% (still checking for anything specific), STBA + 3.5% (will replace WCN in the S&P 600), TMP + 3.5% (light volume; will replace SPC in the S&P 600)… Analyst comments: HLS +2.3% (upgraded to Buy at Jefferies).
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 9:24 AM 0 comments
Labels: $t0ckman's Pre-Market
Tuesday, November 25, 2008
Sales of guns rise after Obama win - A Current Affair
Posted by st0ckman at 2:22 PM 0 comments
Labels: Politics
Monday, November 24, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: CBE -5.4% (light volume; also downgraded to Market Perform at Friedman Billings), VAL -2.4%… Other news: GTE -6.4% (announces temporary suspension of production operations in its Costayaco and Juanambu oil fields, Colombia), NCX -5.8% (to idle Pennsylvania Styrenic Polymer Plant), TEVA -2.0% (still checking)… Analyst comments: LL -5.5% (downgraded to Underperform at Merrill).
Gapping Up
M&A news: OMRI 15.8% (Johnson & Johnson announces agreement to acquire Omrix for $438 mln or $25 per share; also initiated with Buy at BofA), ALO +7.4% (KG Extends $37.00 cash tender offer through December 19, 2008)… Select financial related names showing continued strength boosted by C news: C +55.2% (Citigroup adds $40 bln of capital benefit through agreement with U.S. Treasury, Federal Reserve, and FDIC), CIT +24.6%, IRE +16.4%, RF +10.1%, MS +9.4%, MER +7.7%, BAC +7.7%, UBS +7.4%, AIG +6.2% (DJ reports that China CIC Exec says not planning to buy stake in AIG; also Reuters.com reports American Intl to sell aircraft-leasing unit ILFC to investors, according to investors), GS +4.6%, DB +4.4% (Ackermann to overhaul strategy after stock plunge - Bloomberg.com), WFC +4.3%, JPM +4.3%, AXA +4.2%… Select metals/mining names showing strength with higher spot prices and weaker dollar: SLW +13.5%, MT +7.0%, AUY +6.6%, AA +6.2%, FCX +6.1%, AU +5.8%, BHP +5.6%, GG +4.4%, ABX +3.3%, RTP +2.6%, GLD +1.9%, GOLD +1.8%, KGC +1.6%… Select oil/gas names showing strength with crude higher: PBR +3.4%, RDS.A +3.3%, SLB +2.9%, STO +2.6%, TOT +2.5%, COP +2.5%, BP +1.5%, XOM +1.2%, CVX +1.0%… Other news: TASR +20.8% (Police to receive 10,000 Tasers to tackle violent crime - Guardian Unlimited; also announces that Los Angeles Police Department Upgrades TASER program), LVS +10.8% (still checking for anything specific), TS +10.7% (climbed ~9% in overseas trading), DRYS +10.2% (still checking), SAP +5.3% (still checking), OC +2.6% and CRM +2.6% (Cramer makes positive comments on MadMoney), AAPL +2.0% (plans to cope with the harsh economic climate by minimizing the need to lay off staff in favor of reducing hours - AppleInsider)… Analyst comments: SNY +4.9% (upgraded to Overweight at Morgan Stanley).
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 9:23 AM 0 comments
Labels: $t0ckman's Pre-Market
Sunday, November 23, 2008
Stock Market Crash Update
The markets rallied on friday after making a new low, lower than the october crash breaking the 7777 level on the DOW. What really happened? The day after my second market crash warning the dow was down almost 500 points for the day. the cover of the daily news was "all fear breaks loose". the following day, friday the market was down another couple hundred points till it rallied in the last hour of trading, the most manipulated trading hour of the day. this is when the government, hedge funds, mutual funds and the plunge protection team paints the tape. in my opinion this was a manufactured rally from the goverments news release of another filthy banker promoted to the head of the treasury. what timing! The news was released at 3pm: Stocks limped into the day after a back-to-back pummeling that had left the S&P 500 at an 11-year low, and spent most of the day drifting in and out of positive territory. They shot higher around 3 p.m. when NBC news reported that Timothy Geithner, president of the Federal Reserve Bank of New York, would be nominated as U.S. Treasury secretary.
Friday's closing rally on the Dow, last hour.
Pitcture this:
"lets rally the market on this news to make it seem like wall street loves Tim Geithner" "most of the market is short after making a new low. lets squeeze them, this will add to the rally and we can sell at a profit with the ceiling we create" -plunge protection team
Overall we are still in a post crash, bear market awaiting the big one. The big simultaneous currency, economic & global stock market crash. Get ready for hyperinflation, currency devaluations and a global depression. -stockman
Obama Picks CFR Insider to Head Treasury
Kurt Nimmo
Infowars
November 22, 2008
It’s change we can believe in. President of the Federal Reserve Bank of New York and CFR member Tim Geithner will take over the job of administering the banker bailout in January.
NBC’s Chuck Todd and former Fed mob boss Alan Greenspan’s wife, Andrea Mitchell, report on Obama’s nomination of Treasury bureaucrat and CFR member Tim Geithner to head up the Treasury. | |
Geithner was a senior fellow in the Economics Department of the Council on Foreign Relations and director of the Policy Development and Review Department at the International Monetary Fund. After obtaining an M.A. in International Economics and East Asian Studies from Johns Hopkins University’s School of Advanced International Studies in 1985, Geithner went to work for Kissinger and Associates. In 1988, he joined the International Affairs division of the U.S. Treasury Department and was named president of the Federal Reserve Bank of New York in 2003. He is also a member of the Rockefeller “financial advisory body,” the Group of Thirty, an organization comprised of members from the Bank of England, the European Central Bank, the Federal Reserve, Citicorp and Citibank, the China Construction Bank, Morgan Stanley, JP Morgan Chase, in short the very heart of the international banking elite.
In June, Gary Weiss wrote that Geithner was a “central figure” in the “drama” that was J.P. Morgan Chase acquisition of Bear Stearns. “It was Geithner’s Federal Reserve bank, not the Treasury, that came up with the $29 billion loan that made the deal possible or, more precisely, acceptable to J.P. Morgan.” In other words, Geithner was taking orders directly from the international bankers. He is also cozy with AIG, Lehman, and Goldman Sachs.
Obama’s choice of a Federal Reserve, CFR, and Rockefeller insider reveals there will be no change for the plebs, but more of the same and then some — a continuation of pillage and debt slavery. It means we will continue to be subjected to international monetary and trade agreements at the behest of the international bankers and the corporatists. It means our sovereignty will be further eroded and the self-perpetuating cycle of borrowing will continue. It means the bankster plan to loot the country, consolidate wealth, and turn the United States into a third world country based on the China slave labor gulag model will move forward.
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 11:30 AM 0 comments
Labels: $t0ckman's Analysis
Saturday, November 22, 2008
Thursday, November 20, 2008
Gold & Silver manipulation coming to and end?
could the suppression of precious metals finally be over? although yours truly is a avid fan of bob chapman's theinternationalforcaster.com i have heard this scenario before. granted the short interest in gold is the lowest it has been in while however this doesn't mean a guaranteed run up in the price of gold. lets not forget we are dealing with a fiat system, a funny money system with temporary unlimited printing capabilities. We are very close to a total financial collapse where the suppression in gold and silver will end. until we hit this point the shorts will come in again. remember a low short interest means more buying power to manufacture another false ceiling or resistance level. -st0ckman
-just a snip of larger article:
Since the end of October, when open interest for the December gold contract started a new series of decreases as the rollovers got off to any early start, the December open interest has fallen from 190,140 to this past Friday's 122,902, yet total open interest has fallen from 305,451 to 285,219 during that same period.
Thus, of the 67,238 December contracts that have been terminated in the rollover thus far, total open interest has plummeted by 20,232 contracts, meaning that many of the contracts are not being rolled over, and are being cashed out instead. If this 30% ratio persists, we could see gold open interest fall to under 250,000, a multi-year low, an astonishing drop of 58% from the peak of 593,953 contracts set on January 15, 2008.
This is an absolute disgrace for the CRIMEX owners and regulators, and we wish them well in the ensuing bankruptcies and criminal investigations that will occur after the exchange collapses. No one wants to play in a game where the owners and sponsors are in cahoots with certain privileged players to make sure they come out on top. In addition, we note that no commodities market can survive without speculators who provide balance to the markets by taking the other side of contracts and by keeping the pendulum of market momentum alternating between bulls and bears. Otherwise the markets lean to far to one side or the other, and then bubble and/or collapse due to the lopsided positions. Once the precious metals markets of the exchange collapse, all the other markets will soon follow, as everyone realizes that the whole system is rigged against them. The CRIMEX will soon be ostracized from participation by honest market players. The criminal manipulators will soon find themselves traipsing in and out of court in endless investigations, and they will be forced to sit in their bedrooms, lonesome, because their is no one left who wants to play with them.
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 2:20 PM 0 comments
Labels: $t0ckman's Analysis
g20 inside scoop & the new bubble, green investing
Looks like the next manufactured bubble will be in green investments. the st0ckman will analyze this sector and report back with his recommendations. Subscribe now for updates.
Statement From G-20 Summit: In English
The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement:
1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private financial institutions whose profits are at risk due to their management of these bubbles and who can use this opportunity to squeeze and acquire smaller rivals at low cost.
2. Our commitment to use derivatives and market interventions to shift investment from the real economy and commodities into a paper economy is firm. We will continue to use centralized governmental mechanisms to subsidize and manage this process.
3. All of the organizations and players who reaped a fortune engineering the debt and derivatives bubbles will be allowed to keep their winnings.
4. We will use this period of consolidation to further centralize the global financial system by enforcing greater centralization of the standards, practices and control of enforcement and regulatory bureaucracies. This increased governmental centralization will be presented as the “fix” for our “problems.”
5. We will continue the move toward one world government and one world currency.
6. We are prepared to use coordinated inflation of global money supplies and fiscal stimulus to protect our control and positions.
7. We are committed to the Slow Burn (see my blog post on this subject).
8. This process will continue to be managed to protect large insurance and risk positions.
9. The net result will be to continue to exercise growing control over the real economy by a handful of private families and institutions designed to protect and grow intergenerational wealth.
G-20 are silent on the military and covert action that will be required to make this stick. They are also silent on how they are going to manage this much inflation. For example, the most recent figures from the St. Louis Fed indicate that the aggregate monetary base is growing at an annualized rate of almost 800%.
Watch for a new focus on “green investing” as the trick in all of this will be how to create new productivity when the absence of real prices mean there is no market to provide the necessary signals and financial incentives.
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 10:55 AM 0 comments
Labels: $t0ckman's Analysis
Pre Market trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: STP -20.5%, PAY -20.0% (also downgraded to Neutral at JPMorgan), GME -7.6%, WGOV -7.2%, SMTC -3.6%… Select solar names trading lower following STP results: TSL -11.6%, YGE -7.7%, CSIQ -6.9%, FSLR -5.1%, JASO -3.5%, SOLF -3.4%… Select financials trading lower: PUK -13.4% (following weakness in trading overseas), LNC -5.5%, ING -5.2%, DB -3.4%, GS -3.0%, JPM -2.5%, USB -2.0%, C -1.9% (Saudi Prince Alwaleed plans to boost Citi stake back to 5% - DJ), BAC -1.2%, MER -1.0%, WFC -1.0%… Select metals/mining names showing modest weakness: BHP -3.4%, MT -2.5%, RIO -2.0%, RTP -2.0%, BBL -1.3%… Select oil/gas names showing weakness with crude lower: CHK -3.4%, NOV -3.3%, RDS.A -3.0%, PBR -2.4%, BP -2.3%, COP -2.3%, XOM -1.9%, CVX -1.8%… Other news: GENT -26.2% (provides an update on the Phase 3 treatment trial of Defibrotide for Severe Veno-Occlusive Disease), DRYS -8.2% (showing weakness with Baltic Dry Index closing lower for the second straight session), GM -6.8% (Auto makers’ rescue drive stalls - WSJ), GE -2.5% (in talks with four Asian sovereign wealth funds - Bloomberg.com), VIP -2.4% (still checking), MSFT -1.1% (files 8-K related to co’s presentation of gains and losses resulting from foreign currency remeasurements)… Analyst comments: EGLE -10.9% (downgraded to Underperform at JPMorgan).
Gapping Up
In reaction to strong earnings/guidance: PETM +11.1%, COIN +10.6% (light volume), GYMB +6.1% (also upgraded to Overweight at JPMorgan), MW +4.5%, PEP +4.0%, BKE +3.4% (light volume), HOTT +2.1% (also upgraded to Buy at Pali Capital), INTU +1.0%… Select gold related stocks showing strength: GOLD +8.7%, AU +5.0%, HMY +4.5%, AAUK +3.6%, GG +3.4%, AEM +3.1%, GFI +2.3%, GLD +1.7%… Select European financials trading higher: IRE +20.4%, RBS +17.2%, BCS +5.2%, UBS +4.1%… Other news: INFI +11.0% (global strategic alliance with Purdue Pharma and Mundipharma encompassing Infinity’s early clinical and discovery programs), EYE +5.8% (discloses plan to reduce its fixed costs, includes reduction of ~5% of the global workforce), HITT +4.7% (will replace Sunrise Senior Living in the S&P SmallCap 600), OIS +3.6% (will replace SCSS in the S&P SmallCap 600), AXYS +2.0% (will replace ManTech International in the S&P SmallCap 600), IWOV +1.9% (will replace CPY in the S&P SmallCap 600), HPQ +1.0% (Cramer makes positive comments on MadMoney)… Analyst comments: CPHD +6.1% (initiated with Buy at Needham), ATR +3.0% (upgraded to Buy at Merrill), YHOO +1.1% (upgraded to Buy at Needham).
If you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions. Also be sure to check out my stock market crash warning pt2, updated 11-19-08. You can also support the st0ckman by joining the pyrabang network. PyraBang is an awesome concept striving to take down main stream media and their corporate programming.
Posted by st0ckman at 9:19 AM 0 comments
Labels: $t0ckman's Pre-Market
Wednesday, November 19, 2008
Reversal of the Earth's geomagnetic field
so many possibilities, so little time. -st0ckman
Earth's Core, Magnetic Field Changing Fast, Study Says
for National Geographic News
Rapid changes in the churning movement of Earth's liquid outer core are weakening the magnetic field in some regions of the planet's surface, a new study says.
"What is so surprising is that rapid, almost sudden, changes take place in the Earth's magnetic field," said study co-author Nils Olsen, a geophysicist at the Danish National Space Center in Copenhagen.
The findings suggest similarly quick changes are simultaneously occurring in the liquid metal, 1,900 miles (3,000 kilometers) below the surface, he said.
The swirling flow of molten iron and nickel around Earth's solid center triggers an electrical current, which generates the planet's magnetic field.
(Learn more about Earth's interior.)
The study, published recently in Nature Geoscience, modeled Earth's magnetic field using nine years of highly accurate satellite data.
Flip-Flop
Fluctuations in the magnetic field have occurred in several far-flung regions of Earth, the researchers found.
In 2003 scientists found pronounced changes in the magnetic field in the Australasian region. In 2004, however, the changes were focused on Southern Africa.
The changes "may suggest the possibility of an upcoming reversal of the geomagnetic field," said study co-author Mioara Mandea, a scientist at the German Research Centre for Geosciences in Potsdam.
Earth's magnetic field has reversed hundreds of times over the past billion years, and the process could take thousands of years to complete.
The decline in the magnetic field also is opening Earth's upper atmosphere to intense charged particle radiation, scientists say.
Satellite data show the geomagnetic field decreasing in the South Atlantic region, Mandea said, adding that an oval-shaped area east of Brazil is significantly weaker than similar latitudes in other parts of the world.
"It is in this region that the shielding effect of the magnetic field is severely reduced, thus allowing high energy particles of the hard radiation belt to penetrate deep into the upper atmosphere to altitudes below a hundred kilometers (62 miles)," Mandea said.
This radiation does not influence temperatures on Earth. The particles, however, do affect technical and radio equipment and can damage electronic equipment on satellites and airplanes, Olsen of the Danish space center said.
Keep Watching
The study documents just how rapidly the flow in Earth's core is changing, said Peter Olson, a geophysics professor at Johns Hopkins University in Baltimore, Maryland, who was not involved with the research.
By using satellite imagery, researchers have a nearly continuous measurement of changes, he said.
"They provide a good rationale to continue this monitoring longer," Olson saidIf you found this article interesting please subscribe for updates with any reader or your email. This site is not monetized and 100 percent free. My only form of payment is my readers comments and subscriptions
Posted by st0ckman at 9:46 PM 0 comments
Labels: Earth Changes
Warning::St0ckmarket Crash Part Two
My readers will know that i have been warning about a crash in both the stock markets and the economy since early this year. From my previous post in march 08 i warned of a crash. I am here this evening to tell you the worst is not over, it can begin as early as tomorrow, Thursday Nov 20th 2008. Today we closed below 8,000 on the Dow for the first time in three years. This is the message the mainstream media is pumping out to the block heads. What the MSM is leaving out is the October crash low of 7,773.71. We closed today at 7,997.28, roughly 200 points from the crash low. Everyone with half a block head knows is a crucial level.
As i write this the Nikkie is down -304.74 or -3.68%.
Odds are this sell of will continue into the morning.
With so many horrible situations (fundamental, financial ticking time bombs detailed in my previous crash post) i must ask, is this it? Is this the simultaneous economic/market/currency crash i have been warning of? Is this the beginning of our new U.S. currency or even worse a new global currency?
Many of you think the worst is over, the bottom is in. I have news for you block head, you have not felt enough pain. Your not in enough pain to give up your financial sovereignty. This is why the worst is yet to come.
When we hit our october crash low the market was clearly oversold as indicated on my chart below. When we hit this low again we will not be oversold as seen in the relative strength section of the chart. You will also see the macd crossover and other technicals are leading to a new, solid down trend.
CLICK ON THE IMAGE FOR DETAILS:
Bottom line: Don't Be A Block Head. -st0ckman
**Update/Follow up** - Market fell to 7,392.27 on the DOW Read my follow up post by clicking here
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Posted by st0ckman at 8:14 PM 0 comments
Labels: $t0ckman's Analysis
Tuesday, November 18, 2008
Skipping The Amero 4 Global Currency to Replace Dollar
Ron Paul beats up Bernake again and asks what the status is of a new world currency.
Posted by st0ckman at 3:23 PM 0 comments
Monday, November 17, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: TGT -5.5%, LOW -3.9%… Select financials trading lower: RBS -8.2%, LYG -7.3%, AEG -6.7%, HIG -6.3%, ING -5.9%, CS -3.8%, MS -3.4%, GS -2.7%, WFC -2.5%, BCS -2.0%, JPM -1.7%, BAC -1.6%, HBC -1.2%, USB -1.1%… Select oil/gas related names showing modest weakness: PBR -2.6%, TOT -2.5%, E -1.3%, RDS.A -1.0%… Select solar names trading lower: STP -6.5% (target lowered to $25 at Jefferies & Co), FSLR -5.8%, YGE -4.3%, LDK -3.2%… Select fertilizer related names trading lower with weakness attributed to negative pricing commentary from tier 1 firm:CF -8.2%, IPI -6.6%, TRA -5.8%, MOS -3.2%, POT -2.5%, MON -1.5%, AGU -1.0%… Other news: UTHR -28.2% (Lilly licenses U.S. rights for Tadalafil PAH indication to United Therapeutics who will make an upfront payment of $150 mln to Lilly ), HD -6.7% (down in sympathy with LOW), BIDU -5.4% (still checking)… Analyst comments: FCX -6.1% (downgraded to Neutral at JPMorgan), DELL -6.1% (downgraded to Neutral at Merrill), WFR -5.5% (downgraded to Hold at Collins Stewart), MTL -5.2% (downgraded to Sell at Citigroup), DIS -3.9% (downgraded to Hold at Soleil), AA -3.9% (downgraded to Neutral at UBS), CP -3.5% (downgraded to Underperform at Merrill), SAP -2.9% (downgraded to Neutral at Merrill), FMS -1.4% (downgraded to Hold from Buy at Deutsche Bank).
Gapping Up
In reaction to strong earnings/guidance: SID +1.5% (light volume)… Other news: GNW +40.1% ( announces filing for savings and loan holding co status), FNM +14.8% (Eddie Lampert reports new stake in Fannie Mae of 34 mln shares - CNBC), LVS +10.6% (discloses that it has removed going concern doubt), AMD +6.6% (Cramer makes positive comments on MadMoney),
General Motors Corporation (GM) +5.6% (Reuters reports the White House says it doesn’t want automakers to fail, believes aid should come from already appropriated loan program; also DJ reports General Motors sells out of Suzuki, raises $230 mln), ETN +3.4% (Warren Buffett adds new stake in Eaton of 2.9 mln shares), COP +2.3% (Warren Buffett hikes stake in ConocoPhillips to 84 mln shares at the end of Q3)… Analyst comments: Nokia Corporation (NOK) +2.5% (upgraded to Buy at Merrill and upgraded to Outperform at Bernstein).
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Posted by st0ckman at 9:25 AM 0 comments
Labels: $t0ckman's Pre-Market
Saturday, November 15, 2008
Economic Crash Coming Followed By The Amero
This video was put together well as it indicates we are still in for a total economic and market crash followed by the amero and martial law. There is a slight chance we can skip the amero and have a one world currency in the near term. -st0ckman
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Posted by st0ckman at 5:29 PM 0 comments
Labels: Economics, Martial Law
Friday, November 14, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: GSI -12.8% (light volume), VSCI -12.4% (light volume), NOK -12.4%, JWN -10.5%, ANF -7.0%, KSS -3.2%, ETFC -2.7%… Select oil/gas names showing weakness: PBR -5.7%, TOT -3.0%, COP -2.4%, OXY -2.0%, CVX -1.3%, XOM -1.1%… Select financials pulling back: PRU -11.4%, UBS -10.3%, BBD -9.5%, ITU -8.4%, BCS -7.8%, CIT -5.7%, HIG -5.4%, DB -5.2%, HBC -3.7%, MS -3.0%, ABB -2.8%, GS -2.4%, WFC -2.0%, JPM -1.9%, BAC -1.5%… Select tech-related names trading lower: RIMM -4.5%, INTC -3.3%, BIDU -3.3%, MSFT -2.7%, AAPL -2.5%, GOOG -2.4%, DELL -2.1%, HPQ -1.8%… Select metals/mining names showing weakness: BHP -5.3% (Rio Tinto Group, trying to prevent a $65 bln hostile takeover by BHP Billiton, delayed investor meetings - Bloomberg.com), BBL -4.6%, RTP -3.8%, RIO -3.7%, GOLD -3.6%, MT -3.0% (Slowdown may delay ArcelorMittal’s India plan - Business Standard)… Other news: LHO -17.8% (rescinds prior outlook; also downgraded to Hold from Buy at BB&T Capital Mkts and downgraded to Neutral from Buy at Janney Mntgmy Scott), ERIC -9.5%, MOT -7.2%, and QCOM -2.8% (down in sympathy with NOK), ASH -5.0% (Ashland completes acquisition of Hercules for $18.60), WYNN -5.0% (prices 8.0 mln common shares at $43.50/share), NTY -4.2% (Founder adopts 10b5-1 Trading Plan), BA -3.4% (adjusts 747-8 program production and delivery schedule; delivery of first 747-8 Freighter will move from late ‘09 to 3Q10), GBCI -2.0% (prices 5.5 mln common shares at $15.50/share), AMAT -1.9% (ASM International N.V. announces termination of contacts with Applied Materials and Francisco Partners on potential offer for front-end operations)… Analyst comments: ACGY -6.6% (downgraded to Neutral at JPMorgan), NDSN -6.2% (downgraded to Underweight at Keybanc), ATVI -6.1% (downgraded to Neutral from Buy at Merrill), WLT -2.3% (downgraded to Market Perform at Friedman Billings), RDS.A -1.5% (downgraded to Hold at ING), GSK -1.0% (downgraded to Neutral at UBS).
Gapping Up
In reaction to strong earnings/guidance: FUQI +32.6%, CLNE +12.2%, MSCC +3.3%… Other news: C +1.6% (executives bought a total of 1.2 mln shares of the co’s stock late Thursday, as officials fretted about Citigroup’s skidding stock price - WSJ)… Analyst comments: CNB +1.2% (upgraded to Outperform from Mkt Perform at Morgan Keegan), LDK +1.0% (upgraded to Overweight from Equal Weight at Morgan Stanley).
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Posted by st0ckman at 12:52 PM 0 comments
Labels: $t0ckman's Pre-Market
Wednesday, November 12, 2008
Pre Market Trading Gaps
Gapping Down
In reaction to disappointing earnings/guidance: JASO -25.1%, NTY -14.4%, GU -12.9%, IPI -12.6%, Best Buy Co., Inc. (BBY) -12.5%, BOBE -10.6% (also downgraded to Neutral at MKM Partners), DSX -7.4%, HOLX -7.2%, ING -4.3%… Select financials showing continued weakness: BCS -8.4%, AZ -6.7%, AXP -5.5% (said to request $3.5 bln in U.S. aid - WSJ), DB -3.8%, ABB -3.1%, MS -3.1%, BAC -1.9%, C -1.9%, GS -1.6% (target lowered to $108 from $113 at Deutsche Securities and target lowered to $70 at Ladenburg Thalmann), JPM -1.2%… Select solar stocks trading lower following JASO results: CSIQ -6.2%, YGE -5.0%, SOLF -4.6%, First Solar, Inc. (FSLR) -4.5%, LDK -4.4%, STP -2.9%, SOL -2.2%… Select oil/gas names showing weakness with crude making new 20 month low: STO -4.5%, BP -3.1%, PBR -2.9%, RDS.A -1.7%, TOT 2.0%… Select drybulk shippers trading lower following DSX results: EGLE -7.6% (downgraded to Underperform at Merrill), DRYS -4.9%, EXM -2.1%… Select metals/mining names showing weakness with lower spot prices: AAUK -9.2%, GOLD -3.8%, RIO -3.0%, MT -2.4%, BHP -1.3%, … Other news: PLD -17.0% (announces CEO resignation and strategic initiatives to address market conditions), RSH -8.1% (down in sympathy with BBY), NOK -3.6% (still checking), TCK -2.6% (Teck Cominco’s debt dilemma - Globe and Mail), GOOG -2.4% (price tgt cut to $465 from $525 at Collins Stewart due to CPC pressure dilemma and tgt cut to $450 at Citigroup), AAPL -2.3% (RBC is reducing FY10 iPhone ests on macro headwinds)… Analyst comments: ARO -5.0% (downgraded to Sell at Brean Murray), SLH -1.9% (downgraded to Neutral at SunTrust), BRCM -1.0% (downgraded to Underweight at Morgan Stanley), ALTR -1.0% (downgraded to Equal Weight at Morgan Stanley).
Gapping Up
In reaction to strong earnings/guidance: MELI +12.8%, CNQR +8.4% (also upgraded to Buy at MKM Partners), M +5.0% (light volume), RAH +2.4%, KHD +2.2%… Other news: General Motors Corporation (GM) +16.8% (still checking for anything specific), ME +5.1% (will replace Cephalon in the S&P MidCap 400), SAP +4.7% (still checking), CEPH +3.5% (will be added to the S&P 500), TOT +2.0% (still checking), FMCN +1.9% (modestly rebounding following yesterday’s 40%+ drop), EMR +1.8% and NAT +1.2% (Cramer makes positive comments on MadMoney).
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Posted by st0ckman at 9:22 AM 0 comments
Labels: $t0ckman's Pre-Market
Tuesday, November 11, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: KFN -36.0% (also downgraded to Market Perform at Friedman Billings and downgraded to Sell at Citigroup), SIL -30.1%, FMCN -22.3% (also downgraded to Neutral from Positive at Susquehanna Financial, downgraded to Accumulate at ThinkEquity), USAP -12.0% (light volume), LVS -6.3%, CPSL -6.2%, TOL -4.4%, SBUX -3.2%… Select financial names showing continued weakness: GNW -13.6% (discloses that it is no longer eligible to sell commercial paper to the Commercial Paper Funding Facility; also Moody’s downgrades Genworth senior debt to Baa1), HBC -6.5%, AIG -6.1% (estimates cut at Stifel), MS -2.5%, ING -2.5%, GS -2.3%, BAC -1.2%, C -1.0%… Select metals/mining stocks showing weakness with lower spot prices: AUY -4.7%, BHP -4.5%, RTP -4.1%, GFI -3.1%, GLD -1.7%… Select oil/gas names showing weakness with crude lower: BP -3.1%, RDS.A -2.8%, TOT -2.0%, XOM -1.7%… Other news: SGMO -57.8% (announces results from diabetic Neuropathy clinical trial SB-509-601; also downgraded to Sell from Buy at Piper Jaffray), TLEO -28.5% (delays quarterly financial report; announces re-evaluation of timing of revenue recognition; also downgraded to Perform at Oppenheimer), VPHM -8.5% (OPTR reported positive results for OPT-80 and reported only 13.3% of patients treated with OPT-80 experienced a recurrence vs. 24.0% for VPHM’s Vancocin), AA -5.3% (to curtail additional 350,000 mtpy of aluminum production across its Global Smelting System; also downgraded to Market Perform at Friedman Billings), GOOG -2.7% (Google 4Q revenue forecast cut at Goldman on poor macro data- Bloomberg), AZN -1.6% (still checking for anything specific)… Analyst comments: TSN -11.4% (downgraded to Underweight at JPMorgan), PRU -8.7% (downgraded to Sell at Goldman - Bloomberg), HIG -5.8% (downgraded to Sell at Goldman - Bloomberg), ACAS -4.1% (downgraded to Mkt Perform from Outperform at William Blair and downgraded to Hold at BB&T).
Gapping Up
In reaction to strong earnings/guidance: TMA +40.9%, TA +13.0% (light volume), VOD +10.4%, ESC +5.4%, ASEI +4.6% (light volume)… Other news: OPTR +93.5% (reports “positive data” from its North American phase 3 CDI study of OPT-80; also upgraded to Outperform at Baird), LNET +24.4% (Mark Cuban files 13D reporting 9.9% stake; may seek talks with LNET), ASTI +6.4% (Ascent Solar and TurtleEnergy sign cooperation agreement), WYNN +2.5% (will replace ASH in the S&P 500), BUCY +1.8% (will replace DENTSPLY in the S&P MidCap 400), XRAY +1.2% (will replace HRC in the S&P 500), PPG +1.1% (Cramer makes positive comments on MadMoney), CHK +1.0% (announces Marcellus Shale joint venture and international unconventional natural gas exploration alliance with StatoilHydro).
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Posted by st0ckman at 9:25 AM 0 comments
Labels: $t0ckman's Pre-Market
Monday, November 10, 2008
Pre Market Trading Gap News
Gapping Down
DSCO -20.9%, MBI -12.3%
Gapping Up
In reaction to strong earnings/guidance: AIG +26.1%, FRPT +18.2%, BRCD +6.5%… M&A news: CYCL +102.6% (AT&T to acquire Centennial Communications for $8.50 per share)… Select stem cell related stocks trading higher following WSJ story saying Obama will allow federal funding of stem-cell research: ASTM +29.6%, STEM +28.6%, GERN +20.1%, OSIR +10.7%… Select drybulk shippers showing strength : DRYS +10.9%, TBSI +10.2%, EXM +9.2%… Select metals/mining names showing strength with higher spot prices and weaker dollar: MT +18.0%, HL +16.7%, AAUK +12.8%, RTP +12.1%, BHP +12.0%, SLW +10.9%, FCX +10.7% (announces molybdenum production curtailment and plans to defer restart of climax molybdenum mine), BBL +10.5%, AU +7.3%, GOLD +7.1%, AUY +5.7%, GFI +4.2%, GLD +3.1%, LMC +3.0%… Select iron/steel stocks showing strength: STLD +15.3%, AKS +6.1%, X +6.0%, NUE +4.4%… Select oil/gas names showing strength with crude prices up 7% and weaker dollar: TOT +4.5%, RDS.A +3.0%, CVX +2.2%, BP +1.8%, XOM +1.7%… Other news: VISN +9.3% (provides information to investors; cash on hand and cash to be generated from its operations will be sufficient to not only support its business activities but also meet its cash requirements in the foreseeable future), PBCT +7.2% (will replace UIS is S&P 500), ASML +6.3% and SAP +5.1% (still checking for anything specific), MCD +3.8% (reports October global same store sales +8.2%), AZN +2.8% (CRESTOR demonstrates cardiovascular risk reduction in a large statin outcomes study)… Analyst comments: TEF +2.8% (upgraded to Outperform at JPMorgan), WFC +1.0% (upgraded to Outperform at Credit Suisse).
AT&T (T) and Centennial Communications announced after the close that AT&T plans to acquire Centennial for $944 mln in cash. Under terms of the agreement, Centennial stockholders will receive $8.50 per share for a total equity price of $944 mln. Including net debt, the total enterprise value is approximately $2.8 billion. AT&T expects the proposed transaction to deliver significant value to its stockholders. The acquisition offers opportunities for synergies in areas including corporate overhead, advertising, customer care and network operations. In the first year after the transaction closes, AT&T expects minimal dilution to EPS and cash flow, driven by upfront integration costs.
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Posted by st0ckman at 9:12 AM 0 comments
Labels: $t0ckman's Pre-Market
Thursday, November 6, 2008
Pre Market Trading Gap News
Gapping Down
NOBL -49.2%, FCN -24.4%, THQI -19.1%, ABK -17.4%, DOX -15.4%, MDR -15.2%, ZUMZ -12.7%, MOVE -9.0%, TM -7.9%, BHP -6.9%, ERIC -6.7%, RTP -6.7%, MT -6.1%, POM -5.8%, UBS -5.8%, CSCO -5.7%, HBC -5.1%, WFC -4.6%, VMC -3.8%, AXA -3.7%, CTRN -2.8%, BP -2.8%.
Gapping Up
In reaction to strong earnings/guidance: CVTX +13.4%, WFMI +13.0% (upgraded to Hold at Jefferies), HOTT +12.3%, ATVI +9.4%, BJ +8.2% (light volume), EP +6.1%, SUN +4.6%, EGLE +4.6%, MBLX +4.1% (light volume)… Select European financials modestly higher following rate cuts: BCS +6.9% (buys Italian Mortgage unit from Macquarie for EUR1.1 bln - DJ), AEG -2.5%, LYG +1.1%… Other news: YHOO +3.4% (Yahoo’s Yang says Microsoft deal still best option - Reuters.com), GSK +3.2% (still checking)… Analyst comments: SOV +1.4% (upgraded to Buy at Citigroup).
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Posted by st0ckman at 9:25 AM 0 comments
Labels: $t0ckman's Pre-Market
Wednesday, November 5, 2008
Pre Market Trading
Gapping Down
ABK -23.5%, MT -15.5%, AIG -10.4%, GOLD -8.9%, TSO -7.3%, GSK -6.1%, USU -6.0%, BHP -5.5%, AZN -5.1%, SPWRA -5.0%, X -3.9%, BCS -3.9%, TOT -3.3%, RTP -1.5%
Gapping Up
In reaction to strong earnings/guidance: RAME +23.0%, DTG +17.8%, AGU +12.4%, GGC +11.4% (light volume), RDN +8.8%, GSX +6.4%, CTSH +4.7%, FWLT +1.9%, TIE +1.6%… Other news: CLWR +21.8% (FCC OKs Sprint, Clearwire Merger; DOJ Is Final Hurdle - DJ), THC +8.8% (modestly rebounding after yesterday’s 30%+decline), AHII +8.4% (modestly rebounding after yesterday’s 50%+drop), S +6.5% (FCC approves Sprint, Clearwire merger; DOJ is final hurdle - DJ), SPLS +3.4% (Cramer makes positive comments on MadMoney), BG +1.5% (Corn Products Int’l notifies Bunge Ltd. of intent to change recommendation of merger agreement with Bunge)… Analyst comments: SPSS +1.9% (upgraded to Buy at Jefferies).
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Posted by st0ckman at 9:14 AM 0 comments
Labels: $t0ckman's Pre-Market
Tuesday, November 4, 2008
Pre Market Trading Gap News
Gapping Down
In reaction to disappointing earnings/guidance: HNT -21.2%, KNXA -16.1% (light volume; also downgraded to Hold at Jefferies and downgraded to Hold at Brean Murray) SNHY -14.7%, HLF -12.3%, GHM -9.3%, PBI -8.4%, OTTR -8.3%, THC -7.7%, MVL -7.7%, PPL -7.5% (light volume), ADSK -3.8%, RACK -3.0%, FMS -2.5%, OTEX -1.9%, VNO -1.4%… Other news: FCSX -21.9% (expects to incur up to a $25 million pre-tax bad debt provision for the first quarter of fiscal 2009; also downgraded to Neutral from Buy at Banc of America Sec), RBS -14.0% (sees more writedowns, eyes 2010 dividend restart - Reuters).
Gapping Up
In reaction to strong earnings/guidance: AFN +41.2%, AKRX +30.2%, ADM +14.6%, STEM +11.5%, MA +11.2%, WATG +11.1%, MRVL +6.7% (also upgraded to Buy at AmTech Research), IPHS +3.0%, DNR +2.2%, APC +2.0%… Select financial stocks trading higher: CIT +12.8%, AIG +11.7%, HIG +10.6%, AEG +8.6%, ING +8.2%, ABK +7.5%, DB +6.5%, GS +3.3%, C +2.6%, MS +2.3%, BAC +1.9%, JPM +1.8%, WFC +1.2%… Select solar names showing strength: ESLR +27.9%, SOLF +12.6%, YGE +11.8%, TSL +8.5%, SOL +8.1%, LDK +7.8%, JASO +7.1%, CSIQ +6.4%, FSLR +3.5%… Select metals/mining names showing strength with higher spot prices: MT +6.2%, AUY +4.9%, AAUK +4.1%, GOLD +3.9%, GLD +2.9%… Select oil/gas related names showing strength with crude higher: RDS.A +5.5%, BP +3.2%, PBR +2.8%, TOT +2.3%, XOM +1.6%,… Select agriculture related names trading higher boosted by ADM results: TRA +7.9% (upgraded to Buy at Citigroup), BG +7.0%, AGU +6.0% (upgraded to Buy at Citigroup), MOS +5.9%, CF +4.1% (upgraded to Buy at Citigroup), POT +3.6%, MON +3.4%… Select drybulk shippers showing strength: FRO +10.9%, DRYS +7.1%, TBSI +2.3%… Other news: OSIR +16.1% (Osiris Therapeutics and Genzyme to develop and commercialize first-in-class adult stem cell products; Genzyme will make an up-front payment of $130 mln to Osiris), AMLN +10.8% (Eastbourne Capital Management discloses intent to have discussions with mgmt including a possible acquisition in amended 13D filing), S +8.7% and NOK +5.2% (still checking), ASML +5.0% (still checking), SI +5.0% (still checking), V +4.4% and AXP +4.0% (up in sympathy with MA), GOOG +2.2% (Yahoo, Google sent Justice Dept revised search-advertising agreement, according to sources - WSJ)… Analyst comments: OMX +6.3% (upgraded to Outperform at Friedman Billings), AMR +1.9% (initiated with Buy at Jesup and Lamont), LCC +1.7% (initiated with Buy at Jesup and Lamont), YHOO +1.6% (upgraded to Buy at Collins Stewart), DAL +1.1% (initiated with Buy at Jesup and Lamont).
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Posted by st0ckman at 9:17 AM 0 comments
Labels: $t0ckman's Pre-Market
Monday, November 3, 2008
Pre Market Trading Gap News
Gapping Down
Select oil/gas names showing weakness with crude lower: BP -3.4%, RDS.A -2.8%, TOT -2.5%… Select financial stocks trading lower: AEG -5.6%, NCC -5.6%, UBS -5.3%, STD -4.7%, CS -3.1%, LYG -2.8% (Lloyds TSB could face rival bid for HBOS: Newspaper - Reuters), BAC -1.1%… Other news: VSE -60.4% (preparing to file for bankruptcy protection - WSJ), ATRC -26.5% (announces investigation by the Department of Justice; also downgraded to Hold at Roth), VOD -6.9% (still checking for anything specific), CEG -1.3% (provides update on liquidity and strategic initiatives)… Analyst comments: FDRY -3.7% (downgraded to Hold at Kaufman), PTEN -3.5% (downgraded to Underweight from Neutral at JP Morgan), IP -2.7% (downgraded to Neutral at Goldman - DJ), BA -2.1% (added to Convictiontion Sell List at Goldman - DJ), CIEN -1.9% (downgraded to Underweight at Merrill).
Gapping Up
In reaction to strong earnings/guidance: SOL +19.4%, DRYS +17.0%, OSK +11.0%, GT +9.9% (light volume), DAC +2.9%, STO +2.5%, PMI +2.4%… M&A news: UBB +15.7% and ITU +9.8% (Itau, Unibanco announce merger - DJ)… Select drybulk shipping names trading higher following DRYS and DAC results: TBSI +11.0%, EXM +8.8%, DSX +8.2%, FRO +5.7%, GNK +3.1%… Select metals/mining names showing strength: BHP +4.4%, GOLD +4.2%, BBL +4.0%, SLV +3.9%, SLW +3.6%, AEM +1.8%, GLD +1.4%… Other news: VMED +30.2% (lenders vote to allow delay of GBP1.66 bln loan repayments - WSJ), HIG +8.9% (comments on capital position; says capital margin would be approx $2 bln at year end), LVS +7.1% (still checking), DPTR +6.2% (Board of Directors to review Tracinda Corporation offer and provide recommendation), NOK +4.2% (still checking for anything specific), MRO +4.0% and BWP +3.7% (Cramer makes positive comments on MadMoney), AIG +3.7% (still checking), BIDU +2.4% (announces $200 mln share repurchase program), MON +1.7% (to invest in technologies for sugarcane with acquisitions of CanaVialis and Alellyx)… Analyst comments: TE +4.0% (upgraded to Buy at KeyBanc Capital Mkts), BIIB +3.4% (upgraded to Outperform at Baird), TSO +2.4% (upgraded to Neutral at JPMorgan), WMT +1.5% (upgraded to Overweight at JPMorgan).
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Posted by st0ckman at 9:18 AM 0 comments
Labels: $t0ckman's Pre-Market