Stocks to Watch 1/29/09 January 29, 2009

This morning, 1/29/09, the stock market futures are lower as we give back some gains from the past few days. The house passed the stimulus bill last night but did not get support from Republicans. Below are some stocks that will be active in the stock market today. Be sure to check out the latest technical analysis.

Stocks to Watch - January 29, 2009

Dryships ( DRYS ) - $9.40 Down 23.08% - DryShips in breach of some loan covenants -DryShips ( DRYS ) said two of its banks notified the Greek dry bulk carrier that it is in breach of certain financial covenants and it is currently in discussions with its lenders for waivers and amendments to loan covenants. Oppenheimer also downgraded Drys this morning to underperform from perform. Technically, DRYS is dangerous back under $10 and would be cautious. Keep an eye on $9.00 and $8.80, if these are taken out it could get ugly!

Sepracor ( SEPR ) - $15.45 Up 13.35% - Sepracor swings to 4th-quarter profit on lower costs, tops Wall Street forecasts.

Ford ( F ) - $2.01 Down 0.99% - Ford reported a loss of $1.37 in earnings, Revenue 29.2 billion, has roughly 13 billion in cash since they only burned through just over 5 billion for the quarter. During the 3rd quarter, Ford burned through over 7 billion in cash so this is a nice improvement but was expected. Ford says it still doesn't need the bridge loan from the Government.

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