Stock Market News - 7/7/10 July 7, 2010

The following stocks are moving either up or down on recent stock news. Keep an eye on these stocks throughout the rest of the trading day.

Stocks Highlighted Below: Chevron Corp. (CVX) - Cisco Systems, Inc. (CSCO) - Cliffs Natural Resources Inc. (CLF) - Family Dollar Stores Inc. (FDO) - Freeport-McMoRan Copper & Gold Inc. (FCX) - Google Inc. (GOOG) - Hewlett-Packard Company (HPQ) - JPMorgan Chase & Co. (JPM) - Oracle Corp. (ORCL) - State Street Corp. (STT) - Human Genome Sciences Inc. (HGSI) - Xenoport, Inc. (XNPT)

Hot Stock Market News - July 7, 2010


Chevron Corp. (CVX) - Chevron Makes Australian Gas Find

Cisco Systems, Inc. (CSCO) - Uralsvyazinform Opens Ural Region's Largest Contact Center Using Cisco Technology

Cliffs Natural Resources Inc. (CLF) - Cliffs Natural Resources Gets Majority Position in Spider Resources And Extends Offer

Family Dollar Stores Inc. (FDO) - Family Dollar shares fall as forecast disappoints

Freeport-McMoRan Copper & Gold Inc. (FCX) - Shares Freeport-McMoRan Copper & Gold Inc. are popping 4% today on an oversold bounce. Next stop could be $65-$66 on a retest of the 50 day moving average.

Google Inc. (GOOG) - Shares of Google are up nicely today even after JP Morgan cut estimates on the company. Google stock is severely oversold and I believe this is a great entry point for the long term investor. My 2010 target is 500-520 which is a 12-15% gain

Hewlett-Packard Company (HPQ) - Hewlett-Packard Company will be reporting earnings August 19, 2010

Human Genome Sciences Inc. (HGSI) - Shares of Human Genome Sciences Inc. do not have any news out but usually when the stock is up so much, it is on buyouy rumors

JPMorgan Chase & Co. (JPM) - Shares of JPMorgan Chase & Co. are bouncing with the stock market today. Earnings are due out July 15th and I think that given the sell off over the past month, shares are due to rally.

Oracle Corp. (ORCL) - Oracle Unveils Oracle(R) Business Intelligence 11g

State Street Corp. (STT) - State Street expects earnings beat; stock jumps

Xenoport, Inc. (XNPT) - GlaxoSmithKline and XenoPort Report Top-Line Phase 2b Results for GSK1838262/XP13512 as a Prophylactic Treatment for Migraine Headache


Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010

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Stock Market News April 20, 2009 4/20/09

This morning, 4/20/09, there are several news events that are causing the stock market futures to trade lower as we start one of the busiest weeks for earnings.

Stock Market News - April 20, 2009

Bank Nationalization: US May Convert Banks' Bailouts to Equity Share - Top story of the day in my opinion...futures are tanking on this news!

Bank of America ( BAC ) - BAC reports earnings of .44 cents per share. B of A stock is dropping on this earnings news as investors sell the news.

TARP Repayment: U.S. to put conditions on TARP repayment: report

Jack Bouroudjian, CNBC - Jack Bouroudjian came on CNBC this morning and stated that after he predicted the latest jaw dropping rally, it is time to go back and retest the lows in the next 6 weeks. Jack is one of the few traders I follow out there in Wall Street. Bouroudjian has been spot on over the past year. Art Cashin also said on Friday that he sees a strong pullback coming in the markets. I will be watching 8000 on the Dow closely!

Oracle ( ORCL ) - Sun Micro ( SUNW ) - Oracle to buy Sun Micro for $9.50/share

Stocks to Watch Today -Right Here

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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Stock Market News March 17, 2009 3/17/09

The following is a summary of the top stock market news moving the market in today's trading action. I will highlight events that could potentially move the stock market in the next day or two and report things that I am watching.


Stock Market Report - 3.17.09

Building Permits: This morning we got building permits data that was a bit better then expected. Building permits, which are less volatile than the housing starts data, rose 3% in February to a 547,000 annual rate. Permits for single-family units rose 11% to a 373,000 rate, the largest percentage gain in 18 years. So this news was good news this morning.

Aloca ( AA ) - $5.56 Down 9.17% - Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion

Oil Prices - $48.38 - Oil going up toward resistance at $50.50 - If Oil starts trading above $50 for a few days, you could see a quick move toward $60. This would actually be good for the stock market as oil prices take the temperature of the economy.

Dow Jones 30 Leaders - Wal Mart ( WMT ), ExxonMobile ( XOM ), Home Depot ( HD ), Citigroup ( C ). XOM - Exxon Mobil to build tech center in Shanghai - HD - Home Depot up on the good housing data above.

General Electric ( GE ) - $9.77 Up 1.14% - GE Transportation Signs 47 Million Agreement with Trenitalia

Fed Meeting - Two day Fed meeting starts today, we will get a Fed statement out tomorrow afternoon at 2:15pm Est. This could be a market mover.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Bank Stocks 3/17/09 March 17, 2009 - AIG

Today, 3/17/09, the bank stocks are slightly higher after yesterdays late day sell off.

Banking Stock News Update - March 17, 2009 - Pre Market Trading


American International Group ( AIG ) - $0.86 Up 3.81% - Obama promises to fight AIG's $165M bonuses - The White House also modified the terms of a pending bailout to the company to try to recoup the money the bonuses represent. AIG has even more bonuses in the pipeline for 2009 according to (D, MD ) Elijah Cummings on a Cnbc interview this morning.

Citigroup ( C ) - $2.38 Up 2.15% - Citi was on fire yesterday hitting a high of $2.68 at one point. Citigroup's board nominates four new directors. Conflict Between What Citigroup's Pandit Reported And Earned.

Bank of America ( BAC ) - $6.19 Up 0.19% - Ex-Houston banker, son battle Bank of America

Jp Morgan ( JPM ) - $23.64 Up 2.38% - JP Morgan Hires Panandiker, Zhang For Asian Private-Equity Arm

Financial Bull 3X ( FAS ) - $4.90 Up 0.63%
Financial Bear 3x ( FAZ ) - $42.37 Down 0.62%

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Stock Market Report February 4, 2009 2/4/09

Today 2/4/09, the stock market futures are bouncing due to the ADP employment report released at 8:15am. The ADP report showed a loss of 522,000 jobs in the private sector. This news is actually better then expected and you might see stocks rally today. The big number comes on Friday, Feb 6th, as the Government will release the real employment report. This employment report will include the unemployment rate and how many jobs the US lost in January. I will also be looking to see if they revise down the December report since Wall Street did not seem to believe the data.

I will be watching key technical levels today on both the Nasdaq and Dow Jones. I feel the stock market cannot have a sustainable rally until our Government provides some clarity on the banking situation. We need to get these toxic assets off their books somehow or these banking stocks will continue to slide. This will drag the rest of the market down with it. We also need some clarity on the stimulus package.

Oil Markets February 4, 2009

Oil is rising back above $41 today as we await oil supply data coming out later this morning. Oil is finally starting to go up on bad news, the best indicator if you are trying to find a market bottom. If Oil gets back above $43 I think you could test $48-$50 resistance area. Opec is talking about cutting more supplies which is good for the oil market.

Stocks to Watch - 2/4/09

DryShips ( DRYS ) - Drys seems to be back at it again but will now have resistance at around $7.28. I only like this stock over $10, but that's just me. A guest was on CNBC this morning talking about the Baltic Dry Index and says it is improving. This would be good for the world economy. Today, the BDI was up huge and has been up for 13 straight days. This is huge for the bulk shipping stocks.

Disney ( DIS ) reported worse then expected earnings...the stock is down 5%

News Just out: Commercial real estate prices are falling fast! Commercial real estate loans are defaulting at a higher rate.

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Geron GERN Stem Cell Stocks 1/23/09

Geron ( GERN ) is out with Stem Cell news this morning, January 23, 2009 - as this company will be the first company testing a human in the world's first human clinical trial involving Stem Cells. Under the new Obama administration, the FDA has approved this trial in which the Bush administration wasn't allowing Government funding for Stem Cell Research.

GERN stock is exploding higher today, to $6.48 Up 24%. Other Stem Cell stocks are higher such as Stem Cells ( STEM ) and Aastrom Biosciences ( ASTM )

Geron Corporation (Nasdaq: GERN) announced today that the U.S. Food and Drug Administration (FDA) has granted clearance of the company's Investigational New Drug (IND) application for the clinical trial of GRNOPC1 in patients with acute spinal cord injury.
The clearance enables Geron to move forward with the world's first study of a human embryonic stem cell (hESC)-based therapy in man. Geron plans to initiate a Phase I multi-center trial that is designed to establish the safety of GRNOPC1 in patients with "complete" American Spinal Injury Association (ASIA) grade A subacute thoracic spinal cord injuries.

"The FDA's clearance of our GRNOPC1 IND is one of Geron's most significant accomplishments to date," said Thomas Okarma, Ph.D., M.D., Geron's president and CEO. "This marks the beginning of what is potentially a new chapter in medical therapeutics - one that reaches beyond pills to a new level of healing: the restoration of organ and tissue function achieved by the injection of healthy replacement cells. The ultimate goal for the use of GRNOPC1 is to achieve restoration of spinal cord function by the injection of hESC-derived oligodendrocyte progenitor cells directly into the lesion site of the patient's injured spinal cord."

GRNOPC1, Geron's lead hESC-based therapeutic candidate, contains hESC-derived oligodendrocyte progenitor cells that have demonstrated remyelinating and nerve growth stimulating properties leading to restoration of function in animal models of acute spinal cord injury (Journal of Neuroscience, Vol. 25, 2005).

"The neurosurgical community is very excited by this new approach to treating devastating spinal cord injury," said Richard Fessler, M.D., Ph.D., professor of neurological surgery at the Feinberg School of Medicine at Northwestern University. "Demyelination is central to the pathology of the injury, and its reversal by means of injecting oligodendrocyte progenitor cells would be revolutionary for the field. If safe and effective, the therapy would provide a viable treatment option for thousands of patients who suffer severe spinal cord injuries each year."

Full Article - http://www.geron.com/media/pressview.aspx?id=863

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General Motors ( GM ) Sells Stake in Suzuki 11/17/08

General Motors ( GM ), in an effort to raise cash, is going to sells their stake in Suzuki car company.

Suzuki Motor Corp. said Monday ( November 17th, 2008 ) that General Motors Corp. (GM) will sell its entire stake in the Japanese automaker in a bid to raise funds.

GM will sell 16.413 million Suzuki shares, or 3.2% of Suzuki shares outstanding, on the market Tuesday. Suzuki will buy back the same amount via the Tokyo Stock Exchange's ToSTNeT 2 off-hours trading system Tuesday morning for Y22.37 billion, for Y1,363 per share - the closing share price Monday.

GM's stake in the Japanese company fell to the current 3% after it sold a 17% stake in 2006 to raise cash for restructuring.

General Motors ( GM ) stock is trading up 8% on this news in pre market, to $3.26 per share.

For more updates on the stock market, visit, http://daytradingstockblog.blogspot.com/

General Motors ( GM ) News 10/29/08 - Toyota, Cerberus

The Dow Jones is spiking higher by 85 points this afternoon as Reuters is reporting some General Motors news 10/29/08. CNBC just reported that a Major Issue has been resolved on the Cerberus problem involving Chrysler. General Motors ( GM ) stock is going up by 7.5% today to $6.73.

Also in the news, Toyota Declines GM Proposal For CEO Wagoner Visit Dow Jones is reporting.

For the latest updates on what is moving the Markets, visit, http://daytradingstockblog.blogspot.com/

Bailout Plan: Congress Making Progress on Saturday 9/26

Today Congress appears to be making progress on the bailout/rescue plan for the financial markets. Hopefully we have a deal by tomorrow night 6pm EST when the Asian Markets open for trading.

If a bailout plan isn't agreed upon by that time....we could be looking at a serious down day on Monday. I think we have a few days grace period to get this done, as long as we don't hear the deal has stalled or looks unlikely.

When we get a deal, I think we will have a nice rally....but then people will focus back on the economy again. It's a vicious circle of pessimism!

Stay Tuned!

( MS ) Morgan Stanley Earnings Suprise!! 9/16/08

Morgan Stanley ( MS ) preannounces earnings tonight and they look awesome!

MS reports $1.32 EPS on Revenue of 8 Billion beating Wall Street estimates by a mile!

MS stock afterhours is trading at $31.75 up 5% from the close.

Stock Market Futures are surging but as you know, this can all change in a second in this stock market!

UAUA United Airlines bankruptcy FALSE! UAL Rumors False 9/08/08

Another day, under rumor in the stock market! Whats new? UAUA shares have crashed in early trading as a 4 year old news story somehow hit the wires.....and then got past along to other news outlets. The stock market is corrupt...yes another sign.

UAL UAUA went down nearly 60% until it was halted. CNBC David Faber reported the headlines are false, and the company plans to come out and say it is not going Bankrupt.

Unreal! 9/08/08