Stock Market Closing Prices - 3/19/09
Dow Jones Industrial Average ( DJIA ) Close - 7400.80 Down 85.78
Nasdaq Stock Market Close - 1483.48 Down 7.74
S&P 500 Close - 784.04 Down 10.31
http://dowjonesclose.com
Libor Rates - 3/19/09
Commodities Closing Prices - 3/19/09
Gold - 959
Oil - 51.38
Natural Gas - 4.20
The Dow Jones Industrial Average closed at 7401 on 3/19/09, as the stock market went down today due to profit taking. The Dow Jones was positive at the open but then slipped into negative territory as the day went on. Every rally attempt was sold off with the financial stocks leading the decline after being in positive territory during pre market trading.
Citigroup ( C ) stock hit a high of $3.89 today after the news of a reverse split came in pre market. The bubble then popped and Citi stock broke the $2.68 support level hitting a low of $2.60. Financial Bull ( FAS ) jumped to $7.80 and then hit a low of $5.70. Financial Bear ( FAZ ) stock hit a low of $23.88 in the morning and then went on to rally to $30.30.
Oil and Gold Prices went higher for the second straight day as investors flocked into inflationary assets. Gold was just $895 in pre market yesterday and now trades at $959. Oil rose above $50 and Natural Gas was the big highlight of the day, jumping to $4.20, up $0.50
I will have technical analysis of the stock market tonight - Right Here - Also, I will be updating my Stocks To Buy List.
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Showing posts with label 3/19/09. Show all posts
Showing posts with label 3/19/09. Show all posts
Thursday, March 19, 2009
Auto Supplier Stocks 3/19/09 March 19, 2009
The Auto Supplier stocks are exploding higher today as the Treasury is going to supply 5 Billion in Aid to the Auto Suppliers through the Auto Makers - General Motors ( GM ) and Chrysler. It looks like this is coming out of TALF. I think the US Dollar is going to pay the price for all this spending. Also, massive inflation will be the next problem....look at what Gold did since yesterday....up $65! Below is a list of the some of the Auto Supplier Stocks moving higher on this news.
Auto Supplier Stocks - March 19, 2009
Tenneco ( TEN ) - $3.00 Up 48%
American Axle ( AXL ) - $2.44 Up 57%
Lear ( LEA ) - $1.45 Up 101%
Magna ( MGA ) - $26.18 Up 4.80%
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Auto Supplier Stocks - March 19, 2009
Tenneco ( TEN ) - $3.00 Up 48%
American Axle ( AXL ) - $2.44 Up 57%
Lear ( LEA ) - $1.45 Up 101%
Magna ( MGA ) - $26.18 Up 4.80%
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Biggest Stock Gainers 3/19/09 March 19, 2009
Today, March 19, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find yesterday's Top Gainers Report Right Here
Hot Stocks 3/19/09 - Biggest Gainers Today
DryShips ( DRYS ) - $5.36 Up 28.54% - Drys in a deal with Petrobras
Stone Energy ( SGY ) - $3.42 Up 22% - No news, up with the energy sector
US Steel ( X ) - $21.75 Up 13.46% - US Steel up as CNBC Fast Money traders think the steel stocks could finally have capitulated and bottomed.
Medicis Pharmaceutical ( MRX ) - $12.13% Up 25.70% - Medicis resolves acne drug patent suit with Teva
Rex Energy ( REXX ) - $2.71 Up 17.32% - No News on REXX but has a big position in the Marcellus Shale natural gas field
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Stocks 3/19/09 - Biggest Gainers Today
DryShips ( DRYS ) - $5.36 Up 28.54% - Drys in a deal with Petrobras
Stone Energy ( SGY ) - $3.42 Up 22% - No news, up with the energy sector
US Steel ( X ) - $21.75 Up 13.46% - US Steel up as CNBC Fast Money traders think the steel stocks could finally have capitulated and bottomed.
Medicis Pharmaceutical ( MRX ) - $12.13% Up 25.70% - Medicis resolves acne drug patent suit with Teva
Rex Energy ( REXX ) - $2.71 Up 17.32% - No News on REXX but has a big position in the Marcellus Shale natural gas field
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Penny Stocks 3/19/09 March 19, 2009
Today, 3/19/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here
Penny Stock Gainers - March 19, 2009
Freddie Mac (FRE)
Fannie Mae (FNM)
Beazer Homes (BZH)
Lear Corp. (LEA)
Colonial Bancgroup Inc. (CNB)
XTL Biopharmaceuticals Ltd. (XTLB)
TXCO Resources, Inc. (TXCO)
American International Group, Inc. (AIG)
Conseco Inc. (CNO)
Charter Communications Inc. (CHTR)
Hovnanian Enterprises Inc. (HOV)
PMI Group Inc. (PMI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Penny Stock Gainers - March 19, 2009
Freddie Mac (FRE)
Fannie Mae (FNM)
Beazer Homes (BZH)
Lear Corp. (LEA)
Colonial Bancgroup Inc. (CNB)
XTL Biopharmaceuticals Ltd. (XTLB)
TXCO Resources, Inc. (TXCO)
American International Group, Inc. (AIG)
Conseco Inc. (CNO)
Charter Communications Inc. (CHTR)
Hovnanian Enterprises Inc. (HOV)
PMI Group Inc. (PMI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Baltic Dry Index Shipping Rates 3/19/09 BDI
The following is a report on Dry Bulk Shipping Rates for 3/19/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!
http://dryindex.com/
Dry Bulk Shipping Rates - March 19, 2009 - Down 7 Straight Days
Baltic Dry Index ( BDI ) - 1795 Down 66
Spot 4 - TC Average - 19638 Down 64
Baltic Cape Index ( BCI ) - 2154 Down 3
Baltic Panamax Index ( BPI ) - 1508 Down 152
Supramax Index ( BSI ) - 1583 Down 49
Past Bulk Shipping Rates
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http://dryindex.com/
Dry Bulk Shipping Rates - March 19, 2009 - Down 7 Straight Days
Baltic Dry Index ( BDI ) - 1795 Down 66
Spot 4 - TC Average - 19638 Down 64
Baltic Cape Index ( BCI ) - 2154 Down 3
Baltic Panamax Index ( BPI ) - 1508 Down 152
Supramax Index ( BSI ) - 1583 Down 49
Past Bulk Shipping Rates
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Dryships DRYS Petrobras Deal 3/19/09
Dryships ( DRYS ) stock is exploding to the upside today is their subsidiary Ocean Rig is in a deal with Petrobras for deep water drilling. Drys is trading at $5.35 on this news.
DryShips announced today that its wholly-owned subsidiary Ocean Rig ASA has received a Letter of Award from Petrobras for a 3-year period employment contract for exploration drilling in the Black Sea. The 3 year term includes mobilization, disassembly and reassembly of the derrick structure for transit through the Bosporus Strait. The contract is expected to commence in direct continuation from the current contract with Shell. The contract value is approximately USD 630 million including an estimated 60 days of mobilization, disassembly/reassembly of the derrick structure and an incentive bonus of 8%. Full Article
Drys is back over the $5 mark so if we get a close over this level we could see additional fund buying come into the stock. I just wish they would release earnings so I could take more risk. If everything is ok with earnings, you could see Drys head back toward $10. This is a big " IF "
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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DryShips announced today that its wholly-owned subsidiary Ocean Rig ASA has received a Letter of Award from Petrobras for a 3-year period employment contract for exploration drilling in the Black Sea. The 3 year term includes mobilization, disassembly and reassembly of the derrick structure for transit through the Bosporus Strait. The contract is expected to commence in direct continuation from the current contract with Shell. The contract value is approximately USD 630 million including an estimated 60 days of mobilization, disassembly/reassembly of the derrick structure and an incentive bonus of 8%. Full Article
Drys is back over the $5 mark so if we get a close over this level we could see additional fund buying come into the stock. I just wish they would release earnings so I could take more risk. If everything is ok with earnings, you could see Drys head back toward $10. This is a big " IF "
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Bank Stocks 3/19/09 March 19, 2009 - AIG
Today, 3/19/09, the bank stocks are higher after yesterdays rise in the stock market. Here are a list of financials and bank stocks that are very active in today's trading session. If you are looking to buy banking stocks, here are some ideas.
Banking Stock Prices - March 19, 2009
American International Group ( AIG ) - $1.69 Up 22.46%
Fannie Mae ( FNM ) - $1.17 Up 46.25%
Freddie Mac ( FRE ) - $1.15 Up 40.24%
Ambac ( ABK ) - $1.07 Up 17.58%
Etrade Financial ( ETFC ) - $1.39 Up 8.59%
UBS ( UBS ) - $11.42 Up 5.84%
HSBC ( HBC ) - $29.85 Up 5.55%
Barclays ( BCS ) - $6.51 Up 5.17%
Citigroup ( C ) - $3.18 Up 3.25%
Bank of America ( BAC ) - $8.02 Up 4.56%
Financial Bull 3X ( FAS ) - $7.22 Up 0.84%
Financial Bear 3X ( FAZ ) - $26.00 Down 1.33%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Banking Stock Prices - March 19, 2009
American International Group ( AIG ) - $1.69 Up 22.46%
Fannie Mae ( FNM ) - $1.17 Up 46.25%
Freddie Mac ( FRE ) - $1.15 Up 40.24%
Ambac ( ABK ) - $1.07 Up 17.58%
Etrade Financial ( ETFC ) - $1.39 Up 8.59%
UBS ( UBS ) - $11.42 Up 5.84%
HSBC ( HBC ) - $29.85 Up 5.55%
Barclays ( BCS ) - $6.51 Up 5.17%
Citigroup ( C ) - $3.18 Up 3.25%
Bank of America ( BAC ) - $8.02 Up 4.56%
Financial Bull 3X ( FAS ) - $7.22 Up 0.84%
Financial Bear 3X ( FAZ ) - $26.00 Down 1.33%
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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1 and 3 Month Libor Rates - 3/19/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/19/09, are: 1 Month Libor Rate - 0.523% & 3 Month Libor Rate - 1.227%. The overnight Libor rate is 0.296%. As you can see, Libor Rates have changed today, March 19th, 2009. All Three Libor Rates Fell Today!
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Citigroup C Stock Halted 3/19/09 March 19, 2009
Citigroup ( C ) stock is halted this morning for news pending. The stock last traded at $3.42 and it could have something to do with the proxy news released earlier or it will be an additional press release.
Stay Tuned, I will post the news right here when it comes out.
Ok....Citigroup is opening back up at $3.20....it was from the above news. Also, CEO Pandit wants to do a 10 million renovation to his office.....this should be interesting!!
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Stay Tuned, I will post the news right here when it comes out.
Ok....Citigroup is opening back up at $3.20....it was from the above news. Also, CEO Pandit wants to do a 10 million renovation to his office.....this should be interesting!!
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Citigroup C Reverse Stock Split 3/19/09
Citigroup ( C ) stock is opening pre market today, March 19, 2009, at $3.12 as the company has filed a proxy to do a reverse stock split.
Citigroup Stock Split News - March 19, 2009
Citi announced today it has filed a registration statement with the Securities and Exchange Commission (SEC) in connection with its proposed offer to issue its common stock in exchange for publicly held convertible and non-convertible preferred and trust preferred securities. Citi anticipates launching the public exchange offer in early April, subject to completion of the required SEC review process.
Citi plans to file shortly two preliminary proxy statements with the SEC. One preliminary proxy proposes to amend Citi's Charter to, among other things, increase the number of authorized shares of its common stock and authorize the Board of Directors to execute a reverse stock split of its common stock. Shareholder approval to increase Citi's authorized shares is not necessary to complete the exchange of private preferred shares for interim securities or to exchange the public preferred shares for common shares. The conversion of interim securities to common shares will be completed upon adoption of the amendment to authorize additional shares. The other preliminary proxy proposes to amend the Charter and the certificates of designation of each series of its public preferred stock to amend the rights of holders of public preferred stock.
Full Article - From Citigroup Investor Relations
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Citigroup Stock Split News - March 19, 2009
Citi announced today it has filed a registration statement with the Securities and Exchange Commission (SEC) in connection with its proposed offer to issue its common stock in exchange for publicly held convertible and non-convertible preferred and trust preferred securities. Citi anticipates launching the public exchange offer in early April, subject to completion of the required SEC review process.
Citi plans to file shortly two preliminary proxy statements with the SEC. One preliminary proxy proposes to amend Citi's Charter to, among other things, increase the number of authorized shares of its common stock and authorize the Board of Directors to execute a reverse stock split of its common stock. Shareholder approval to increase Citi's authorized shares is not necessary to complete the exchange of private preferred shares for interim securities or to exchange the public preferred shares for common shares. The conversion of interim securities to common shares will be completed upon adoption of the amendment to authorize additional shares. The other preliminary proxy proposes to amend the Charter and the certificates of designation of each series of its public preferred stock to amend the rights of holders of public preferred stock.
Full Article - From Citigroup Investor Relations
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Wednesday, March 18, 2009
Dow Jones Futures 3/19/09 Stock Market Futures
How will the stock market open on Thursday - March 19, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 19th.
Stock Market Futures 3/19/09 - Pre Market Trading - Updated 7:05am Est
Dow Jones Futures - Down 27
S&P 500 Futures - Down 3.20
Nasdaq Futures - Down 1/50
Nikkei - 7946 Down 26
Oil Futures - 50.24
Gold Futures - 938
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Stock Market Futures 3/19/09 - Pre Market Trading - Updated 7:05am Est
Dow Jones Futures - Down 27
S&P 500 Futures - Down 3.20
Nasdaq Futures - Down 1/50
Nikkei - 7946 Down 26
Oil Futures - 50.24
Gold Futures - 938
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Stocks to Buy March 19, 2009 3/19/09
Wednesday, during regular trading hours, there were many stocks that continued to break out to the upside, especially after the Fed Statement. Below are a list of stocks that are worth watching for Thursday, March 19, 2009. Also, check out the Biggest Stock Gainers of the Day.
Stocks to Watch - 3/19/09 - Stock Market Ideas
Financials: Financial Bull 3x ( FAS ) continues to rip higher. If you see any weakness in FAS, you can always switch into Financial Bear 3x ( FAZ ). Citigroup ( C ), Bank of America ( BAC ), Wells Fargo ( WFC ), and the XLF ETF all continue to rise with the financials.
Afterhours Stock Gainers tonight: Fed to buy up to $300B long-term Treasury bonds
Fannie Mae ( FNM ) - $1.00 Up 25.00%
Freddie Mac ( FRE ) - $1.00 Up 21.95%
American International Group ( AIG ) - $1.54 Up 11.59%
Hovnanian Enterprises ( HOV ) - $1.68 Up 16.67% - Home builders rise on Fed mortgage plan
Beazer Homes ( BZH ) - $1.08 Up 17.39%
Wednesday's Hot Stocks: As I was saying above, there were some big gainers on Wednesday that you may want to look into for Thursday: Charter Communications Inc. (CHTR), Sify Technologies (SIFY), Augusta Resource (AZC), Agria Corporation (GRO), Etrade Financial ( ETFC ), Colonial Bancgroup (CNB), Sterling Financial (STSA), Brigham Exploration (BEXP), Ambac ( ABK ), AFLAC (AFL). If the stock market is up tomorrow, these stocks should see addtional upside! Day Trade away!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Stocks to Watch - 3/19/09 - Stock Market Ideas
Financials: Financial Bull 3x ( FAS ) continues to rip higher. If you see any weakness in FAS, you can always switch into Financial Bear 3x ( FAZ ). Citigroup ( C ), Bank of America ( BAC ), Wells Fargo ( WFC ), and the XLF ETF all continue to rise with the financials.
Afterhours Stock Gainers tonight: Fed to buy up to $300B long-term Treasury bonds
Fannie Mae ( FNM ) - $1.00 Up 25.00%
Freddie Mac ( FRE ) - $1.00 Up 21.95%
American International Group ( AIG ) - $1.54 Up 11.59%
Hovnanian Enterprises ( HOV ) - $1.68 Up 16.67% - Home builders rise on Fed mortgage plan
Beazer Homes ( BZH ) - $1.08 Up 17.39%
Wednesday's Hot Stocks: As I was saying above, there were some big gainers on Wednesday that you may want to look into for Thursday: Charter Communications Inc. (CHTR), Sify Technologies (SIFY), Augusta Resource (AZC), Agria Corporation (GRO), Etrade Financial ( ETFC ), Colonial Bancgroup (CNB), Sterling Financial (STSA), Brigham Exploration (BEXP), Ambac ( ABK ), AFLAC (AFL). If the stock market is up tomorrow, these stocks should see addtional upside! Day Trade away!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Dow Jones Analysis 3/19/08 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/19/09Dow Jones Support & Resistance Levels - March 19, 2009
Resistance Levels: 7500, 7795, 8000
Support Levels: 7400, 7250, 7000, 6895, 6500
http://stockcharts.com - Chart
The Dow Jones is approaching the 50 day moving average which will be a resistance area. 7400 for the Dow which was resistance over the last few days now becomes support. I would be careful on a break back below this level. This has been a huge move so don't be surprised if some profit taking starts hitting the market soon, especially as we get closer to the 50 day moving average. Things are looking good though! For More Technical Analysis - Go Here
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Nasdaq Analysis 3/19/09 March 19, 2009
The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/19/09Nasdaq Support & Resistance Levels - March 19, 2009
Resistance Levels: 1500, 1556, 1600
The Nasdaq continues to break out to the upside and has ended over the 50 day moving average. The Nasdaq broke 1500 today but then pulled back. If we close over 1500 tomorrow we could be headed back into the 1550-1600 range. The 50 day moving average at 1470 now becomes support. A close below this level from here on out will be a sign of weakness and we will have to see how the 10 day holds up. If the Nasdaq can hold these levels, the 10 day could cross the 50 day and provide another bullish signal. For More Technical Analysis - Go Here
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