MarketWatch.com - Pre-Market Indications

Tuesday, March 18, 2008

Fedaral Reserve Destroying America

Funny Money Report

It is incredible to see the rampant devaluation of the U.S. Dollar. The Federal Reserve just hours ago made a rare cut of 25 basis points during the weekend which will cause even more inflation. Gold immediately moved up $20 an ounce and the U.S. Dollar Index plunged under 71 in international trading. If this type of market activity continues the U.S. Dollar will have no value in a few months. While it is probably unlikely that we will see a hyper-inflationary collapse of the U.S. Dollar within the next few months, these policies are entirely unsustainable. If the Federal Reserve does not move to defend the value of the U.S. Dollar we will eventually see a hyper-inflationary collapse and worldwide financial turmoil. This view is also shared by other well respected financial analysts. Peter Schiff recently raised concerns about a hyper-inflationary collapse of the U.S. Dollar, Robert Reich a former Clinton cabinet member believes we are facing a depression and Alan Greenspan the man who caused this whole mess wrote in the Financial Times stating that we are facing the worst financial crisis since World War II. What’s amazing is that the Federal Reserve isn’t even trying to protect the U.S. Dollar because all they care about is saving the power of their private banking cartel. They don’t care about the U.S. Dollar nor do they care about the country itself. They are destroying this country through their actions and there needs to be an investigation into the controllers of this bank.

NYSE Arca Morning Update

NYSE Arca Morning Update

NYSE Arca Morning Update for Tuesday, Mar 18, 2008 :


Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock
Monday's Close Current Price Pct Chng Current NYSE Arca Vol
TMA

$2.27

$3.05

34%

174,917

MF

$6.04

$7.79

29%

198,756

MDRX

$8.77

$10.70

22%

2,000

LEH

$31.02

$36.07

16%

1,622,443

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$458,219,577
GS
$91,744,162
LEH
$57,910,043
QQQQ
$40,500,466
IWM
$18,005,106
SAP
$13,103,040
XLF
$13,085,443
SHPGY
$8,473,374
AAPL
$8,465,519
USO
$7,851,197
Stock
Share Volume
SPY
3,520,790
LEH
1,622,443
QQQQ
962,506
STM
701,643
GS
577,445
XLF
539,759
BSC
358,731
IWM
272,337
SAP
268,400
UBS
207,636


TMA +21.3%, FCSX +16.6%, MF +15.2%, LEH +13.4%, UBS +11.9%, NCC +7.7%, BSC +7.5%, CS +7.3%, VIP +7.2%, SHPGY +6.4%, CFC +6.4%, OMNI +6.1%, FNM +6.0%, FCSX +5.9%, EXM +5.6%, TMTA +5.1%, HBC +5.1%, GS +4.6%, FRE +4.4%, NYX +4.1%, C +3.9%, NPSP +3.9%, HYTM +3.9%, MER +3.3%, ESC +3.2%, JPM +3.0%, KEX +2.2%, ULTR +1.8%, VLO +1.5%...

Gapping down:

NUVO -47.1%, DVAX -45.4%, IVAN -11.2%, CEO -5.3%, NWA -4.7%, CIT -4.6%, SHFL -4.3%, HMY -2.0%, AU -1.5%.

Pre-Market Most Active Stocks - NASDAQ Premarket

Pre-Market Most Active Stocks - NASDAQ Premarket



NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

FCStone Group, Inc.
$21.44 $25.75 20.10% 4,400

Shire plc
$60.05 $63.90 6.41% 177,000

Penson Worldwide, Inc.
$8.15 $8.59 5.40% 3,000

E*TRADE Financial Corporation
$3.29 $3.43 4.26% 58,645

Research in Motion Limited
$98.12 $100.80 2.73% 11,070

JA Solar Holdings, Co., Ltd.
$14.70 $15.10 2.72% 4,700

Millicom International Cellular S.A.
$95.52 $97.95 2.54% 5,625

Randgold Resources Limited
$52.35 $53.64 2.46% 4,700

Baidu.com, Inc.
$247.10 $252 1.98% 3,786

Stein Mart, Inc.
$5.25 $5.35 1.90% 6,500

As of 3/18/2008 8:08:23 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Qiagen N.V.
$18.48 $18.41 0.38% 15,300

As of 3/18/2008 8:02:22 AM


Visa IPO not effected by real estate mess

Visa IPO: analysts

Market turmoil will not stop Visa IPO: analysts

By Lilla Zuill Mon Mar 17, 2:04 PM ET

NEW YORK (Reuters) - Visa Inc, which plans to float its shares on the New York Stock Exchange on Wednesday in the biggest U.S. initial public offering ever, will not be deterred by market turmoil that has taken a severe toll in recent days, analysts said on Monday.

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"I do hear that the deal is on and is expected to be strong," said Sal Morreale, who tracks IPOs for Cantor Fitzgerald in Los Angeles.

Visa has filed to sell 406 million Class A common shares at $37 to $42 apiece, for proceeds of $15 billion to $17 billion.

If demand is strong, an additional 40 million shares could sell, pushing proceeds as high as $19 billion. Even at the low end of expectations, the IPO would set a record in the United States, beating out AT&T's $10.6 billion deal in 2000.

Morreale said underwriters, led by JPMorgan (JPM.N) and Goldman Sachs & Co (GS.N), were under pressure to pull off the deal, or risk spooking investors who are already on pins and needles after Bear Stearns Cos (BSC.N) on Sunday averted a near-collapse by agreeing to be sold for a fire-sale price.

The deal could produce a windfall for cash-strapped banks. Based on the mid-range of Visa's expected IPO price, about $10.2 billion of proceeds would go to large Visa stockholders that include JPMorgan, National City (NCC.N), Bank of America (BAC.N) and Citigroup (C.N).

The IPO could also provide a boost for investment banks, which get fees from underwriting deals, after the market for U.S. initial public offerings all but came to a standstill in recent months, as the growing credit crisis prompted investors to withdraw.

Visa's IPO could generate around $500 million in fees for underwriters, according to an amended registration statement with the U.S. Securities and Exchange Commission.

"A lot of the firms are struggling right now," said Morningnotes.com analyst William Wilson. "They really need this jump-start."

Wilson said he also expected Visa to proceed with its IPO. An underwriter on the deal confirmed the IPO is expected to price after Tuesday's market close, with the shares debuting on the New York Stock Exchange on Wednesday.

Investors have been eager to grab shares in Visa's offering as smaller rival MasterCard Inc's (MA.N) stock has more than quadrupled in value since its May 2006 IPO.

MasterCard shares, which have largely been untouched by the turmoil affecting the wider market in recent months, were trading down nearly 7 percent at $194.42 on Monday.

MasterCard and Visa are not directly exposed to rising defaults and late-paying consumers because they process transactions, while rivals American Express Co (AXP.N) and Discover Financial Services (DFS.N) issue cards, extending credit to cardholders.



Wall Street looks to the Fed

Stock futures gain ground as investors bet Bernanke & Co. will boldly slash rates; Lehman, Goldman earnings in focus.


Do you think the federal government has taken the necessary steps to turn the economy around?
LONDON (CNNMoney.com) -- U.S. stock futures rose early Tuesday, lifted by expectations that the Federal Reserve will aggressively cut rates at its regularly scheduled meeting today and ahead of earnings from Goldman Sachs and Lehman Brothers.

About three hours before the start of trading, Nasdaq and S&P futures were higher, suggesting a positive open for stocks.

Financials will be in focus as Goldman Sachs (GS, Fortune 500) and Lehman Brothers (LEH, Fortune 500) report earnings before the market open.

Lehman shares plunged 19% Monday on speculation that the investment bank will follow in the footsteps of Bear Stearns and collapse amid the credit turmoil.

Bear Stearns (BSC, Fortune 500) reached a deal Sunday to be sold to JPMorgan Chase (JPM, Fortune 500) for a fire-sale price of $2 a share, or $230 million. The deal sent financial shares sharply lower Monday, although JPMorgan managed to finish the session with gains.

The most anticipated event of the day comes at 2:15 p.m. ET, when the Fed issues its policy statement. The Fed is expected to cut the target for the fed funds rate, a key overnight consumer lending rate, by as much as a full percentage point when it meets.

In global trade, overseas stocks rebounded from the past session's sharp fall. Asian stocks finished mostly higher, and European shares rallied. To top of page

24/7 Wall St.

24/7 Wall St.


Top 10 Pre-Market Analyst Calls (MO, AMZN, GS, IP, NCC, NOVL, RMG, SAP, URI, GMR, OSG, TK)

Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning:

  • Altria Group (NYSE: MO) Started as Buy at UBS.
  • Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord Adams.
  • Goldman Sachs (NYSE: GS) raised to Outperform at Wachovia.
  • International Paper (NYSE: IP) downgraded to Neutral at JP Morgan.
  • National City (NYSE: NCC) raised to Market Perform at KBW.
  • Novell (NASDAQ: NOVL) started as Buy at Broadpoint Capital.
  • RiskMetrics (NYSE: RMG) raised to Buy at Banc of America.
  • SAP AG (NYSE: SAP) raised to Outperform at Bernstein.
  • United Rentals (NYSE: URI) downgraded to Underweight at JP Morgan.

Citigroup raised overseas ship tankers to Buy from Hold: General Maritime (NYSE: GMR), Overseas Shipholding (NYSE: OSG), and Teekay Shipping (NYSE: TK).


Pre-Market: Stock Trading Before the Markets Open from CNNMoney

Pre-Market: Stock Trading Before the Markets Open from CNNMoney

FTSE 100+110.30+2.04%5,524.70
XETRA-DAX+132.58+2.14%6,314.88
CAC 40+82.91+1.87%4,513.95
HANG SENG+300.00+1.42%21,384.61
NIKKEI 225+176.65+1.50%11,964.16

U.S. Dollar vs Euro+0.0086+0.55%1.5812

U.S. Dollar vs Yen+0.0700+0.07%0.0103

U.S. Dollar vs UK £+0.02+0.88%2.02
Open Closed









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