Today Oil is surging near $120 a barrel yet again. This is due to the USA and Poland getting together for a missle defense deal. Targeted at the distubance in Russia, this has people worried, hence, driving up oil prices.
The Energy Sector is back in play.
XTO Energy ( XTO )
Pyramid Oil ( PDO )
Chesapeake Energy ( CHK )
Continental Resources ( CLR )
I you want to play oil, play these stocks for bigger gains
Thursday, August 21, 2008
Wednesday, August 20, 2008
Fast Money Recap 8/20/08 - CNBC Fast Money Stock Picks August 20th, 2008 - Jeff Mackie, Guy Adami, Joe Terranova, John Najarian
Fast Money Stock Picks 8/20/08
Jeff Mackie
Target TGT: I don't think you can buy this stock yet
Guy Adami
US Steel X: I like this stock
Boyd Gaming BYD: They squeezed out the shorts and now its back down
Target TGT: I think you can buy Target here...cheaper then Wal Mart
Joe Terranova
Coal goes higher, natural gas goes lower
AAPL, RIMM: I'm long Apple and Research in Motion until the end of the year
.
John Najarian
BRCM, AAPL, NVDA: These stocks are working, stick with them
Gene Munster: Apple AAPL: The valuation is still to low for Apple...new things coming in September with maybe Mac products. We count macs, iphones selling in stores and everything seems to be in line.s to be in line.
Jeff Mackie
Target TGT: I don't think you can buy this stock yet
Guy Adami
US Steel X: I like this stock
Boyd Gaming BYD: They squeezed out the shorts and now its back down
Target TGT: I think you can buy Target here...cheaper then Wal Mart
Joe Terranova
Coal goes higher, natural gas goes lower
AAPL, RIMM: I'm long Apple and Research in Motion until the end of the year
.
John Najarian
BRCM, AAPL, NVDA: These stocks are working, stick with them
Gene Munster: Apple AAPL: The valuation is still to low for Apple...new things coming in September with maybe Mac products. We count macs, iphones selling in stores and everything seems to be in line.s to be in line.
Dow Jones Technical Analysis 8/20/08 - Dow Jones Industrial Average Analysis August 20th, 2008
Yesterday ( 8/19 ) the DOW broke a key support of 11,400 on a closing basis. We will have to see what happens today ( 8/20 ). 11,400 on the DOW held several weeks ago and now has been violated. Look at the Dow Chart , It seems as though the next support levels are 11,200 and 11,125.
A break below these levels and we could go back to test the July 15th, 2008 lows of 10,827 on the Dow. Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
For now you have to buy the dips and sell the rips....as we are still deep bear market. When we close above that 11,867 you might not want to sell the rips anymore but add on the dips. Closing above 11,867 level would be a nice trend reversal. and could be a signal that the July 15th lows are indeed the bottom.
A break below these levels and we could go back to test the July 15th, 2008 lows of 10,827 on the Dow. Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
For now you have to buy the dips and sell the rips....as we are still deep bear market. When we close above that 11,867 you might not want to sell the rips anymore but add on the dips. Closing above 11,867 level would be a nice trend reversal. and could be a signal that the July 15th lows are indeed the bottom.
Tuesday, August 19, 2008
Hot Stocks - 8/19/08 Biggest Stock Gainers - CLR, HYGS, PDO - Nasdaq, nyse
Todays Hot Stocks - Nasdaq, NYSE - Stock Gainers in the Stock Market
8/19/08 Biggest Gainers
NBF $.37 +23.33%
DNE $1.00 +17.65%
HYGS $1.34 +16.52%
GNLB $.50 +16.28%
PDO $13.75 +15.74%
THK $.50 +13.64%
EEE $1.82 +13.04%
NMGC $.39 +11.43%
WCG $42.28 +10.56%
CSUN $9.97 +10.17%
DSUP $2.53 +10.00%
GDP $51.05 +9.95%
CRK $60.15 +9.62%
CLR $47.55 +9.21%
See also
Top 2008 Stocks YTD
8/19/08 Biggest Gainers
NBF $.37 +23.33%
DNE $1.00 +17.65%
HYGS $1.34 +16.52%
GNLB $.50 +16.28%
PDO $13.75 +15.74%
THK $.50 +13.64%
EEE $1.82 +13.04%
NMGC $.39 +11.43%
WCG $42.28 +10.56%
CSUN $9.97 +10.17%
DSUP $2.53 +10.00%
GDP $51.05 +9.95%
CRK $60.15 +9.62%
CLR $47.55 +9.21%
See also
Top 2008 Stocks YTD
CNBC Fast Money Recap 8/19/08 August 19th - Lehman ( LEH ) Jeff Mackie, Pete Najarian, Joe Terranova, Karen Finnerman
Fast Money Stock Picks 8/19/08
Jeff Mackie
Financials: There is no reason to be long financials right now except for a trade
Leh Lehman: They will have to raise money again and its going to be bad for the stock
Oil: Just a bounce back rally today
Cosco: I took the opportunity to sell today
Joe Terranova
AIG - LEH: Today its AIG and Lehman causing problems....bought some AIG puts to protect myself
Oil: If oil trades below $100 opec will cut production
HD - Home Depot: A close below the below the 200 day moving average, you will want to get out of this stock
Zack Karabell
Lehman LEH: Lehman has problems today
Pete Najarian
LEH: Lehman is the story of the day...the stock has come from the $17's to the $13's. At some point its the right time to buy, but not right now.
AIG: Very high risk trade right nowOIH: If this stock goes below $180 keep an eye on it!
Karen Finnerman: I am focusing on the financials...FRE Freddie Mac raising capital today..very expensive paper! Credit spreads are widening...above the March highs and there isn't even panic. Looking to short more of the banks!
Jeff Mackie
Financials: There is no reason to be long financials right now except for a trade
Leh Lehman: They will have to raise money again and its going to be bad for the stock
Oil: Just a bounce back rally today
Cosco: I took the opportunity to sell today
Joe Terranova
AIG - LEH: Today its AIG and Lehman causing problems....bought some AIG puts to protect myself
Oil: If oil trades below $100 opec will cut production
HD - Home Depot: A close below the below the 200 day moving average, you will want to get out of this stock
Zack Karabell
Lehman LEH: Lehman has problems today
Pete Najarian
LEH: Lehman is the story of the day...the stock has come from the $17's to the $13's. At some point its the right time to buy, but not right now.
AIG: Very high risk trade right nowOIH: If this stock goes below $180 keep an eye on it!
Karen Finnerman: I am focusing on the financials...FRE Freddie Mac raising capital today..very expensive paper! Credit spreads are widening...above the March highs and there isn't even panic. Looking to short more of the banks!
Apple ( AAPL ) Chart: Technical Analysis of Apple ( AAPL ) August 19th, 2008
This morning I have updated my Apple ( AAPL ) technical analysis stock chart. Apple has had a nice run....back up close to the resistance levels of $183. Apple ( AAPL ) has strong support at the 200 day moving average.
Pre Market Stocks to Watch - 8/19/08 August 19th, 2008 Stock Market
This morning we had some hot economic data which is causing the futures to slide a bit. Oil has retraced to about the $112 level. A break below $110 for Oil would be very bearish and you could see $105-$106 next.
Target (TGT ) has come out with better then expected earnings this morning but is trading lower with the market.
Wellcare Healthplans ( WCG ) has settled with Medicaid resulting in a 32.5 million dollar payment....WCG is up 18% in pre market trading. Keep an eye on this one.
Xinhua Finance Media ( XFML ) will be a very active stock today....the company is out with great earnings....up 22% with revenue being up 69%. The stock is trading up 14% in pre market.
Target (TGT ) has come out with better then expected earnings this morning but is trading lower with the market.
Wellcare Healthplans ( WCG ) has settled with Medicaid resulting in a 32.5 million dollar payment....WCG is up 18% in pre market trading. Keep an eye on this one.
Xinhua Finance Media ( XFML ) will be a very active stock today....the company is out with great earnings....up 22% with revenue being up 69%. The stock is trading up 14% in pre market.
Friday, August 15, 2008
Fast Money Recap 8/15/08 - CNBC Fast Money Stock Picks August 15th
Fast Money Stock Picks 8/15/08
Quint Tatro
Financials: Watch the financials as a que to where the market is going
Oil: I would not be touching Oil stocks right here....you have shorts who are piling on....you have longs who want to sell out of the first bounce
SSO, DDM: I'm long
Joe Terranova
Commodities: I don't think the rally is over
RIMM: I like RIMM, I am long this stock
Goldman Sachs GS: I am long Goldman....and I'm concerned about it...looks like its headed to $150
Pete Najarian
Warren Buffett: He doubled his position in Union Pacific...he doesn't below the story is over in the commodities.
NRG: Buffett bought this.....I'd wait for a dip though
Target TGT: Target looks better then Wal Mart WMT here
VMW VMWare: Options very active.....stock is jumping
Goldman Sachs GS: It was $180 on Monday....this pullback should have this stock on your focus list.
Tim Seymour
S&P 500: I think we are positioned to break through 1320
RTH: I would be shorting the RTH here
MBI ABK: I wouldn't touch these stocks on the equity side.
Dennis Gartman: Bad week to be a gold buyer.....technicals have been broken on the Euro......Europe is slowing down, USA is holding up, a lot of positions have to be unwound....some people aren't hedged long the dollar and they have to do this.
Gold or Oil? If I had to make a trade.....I'd say I thought Crude could go down to $85 per barrel. I am long wheat.....I don't like Ag Stocks right now....Buy wheat and sell Potash ( POT )
Quint Tatro
Financials: Watch the financials as a que to where the market is going
Oil: I would not be touching Oil stocks right here....you have shorts who are piling on....you have longs who want to sell out of the first bounce
SSO, DDM: I'm long
Joe Terranova
Commodities: I don't think the rally is over
RIMM: I like RIMM, I am long this stock
Goldman Sachs GS: I am long Goldman....and I'm concerned about it...looks like its headed to $150
Pete Najarian
Warren Buffett: He doubled his position in Union Pacific...he doesn't below the story is over in the commodities.
NRG: Buffett bought this.....I'd wait for a dip though
Target TGT: Target looks better then Wal Mart WMT here
VMW VMWare: Options very active.....stock is jumping
Goldman Sachs GS: It was $180 on Monday....this pullback should have this stock on your focus list.
Tim Seymour
S&P 500: I think we are positioned to break through 1320
RTH: I would be shorting the RTH here
MBI ABK: I wouldn't touch these stocks on the equity side.
Dennis Gartman: Bad week to be a gold buyer.....technicals have been broken on the Euro......Europe is slowing down, USA is holding up, a lot of positions have to be unwound....some people aren't hedged long the dollar and they have to do this.
Gold or Oil? If I had to make a trade.....I'd say I thought Crude could go down to $85 per barrel. I am long wheat.....I don't like Ag Stocks right now....Buy wheat and sell Potash ( POT )
Lehman ( LEH ) Stock Alert - George Soros takes huge stake in LEH 8-15-08
George Soros, the billion dollar investor, reported yesterday upping his stake in Lehman Brothers ( ticker symbol - LEH ).
George Soros reported last quarter that he had 10,000 shares of Lehman. As of 8/15/08, George Soros now has just under 9.5 million shares of LEH. Big buying!
Lehman ( LEH ) stock is up 6% in pre market to $17.10.
This should give a nice boost to the financial sector!
Warren Buffet bought 3.24 million shares of NRG Energy.
George Soros reported last quarter that he had 10,000 shares of Lehman. As of 8/15/08, George Soros now has just under 9.5 million shares of LEH. Big buying!
Lehman ( LEH ) stock is up 6% in pre market to $17.10.
This should give a nice boost to the financial sector!
Warren Buffet bought 3.24 million shares of NRG Energy.
Ambac ( ABK ) Pre Market Stock Breakout - 8/15/08 - ABK Analysis - Hot stocks August 15th
This morning in Pre Market trading we have Ambac ABK stock breaking out hard to the upside.
Ambac Financial Group today announced that Standard & Poor's Ratings Services (S&P) affirmed the 'AA' financial strength rating on Ambac Assurance Corporation (AAC) and removed it from CreditWatch Negative.
This is huge news for ABK.....I think this stock has much further up to go.
On August 6th I wrote about ABK after they released earnings and stated we had resistance at $5.60. Today on 8/15/08 we are hovering around this level in pre market. Keep an eye on this situation. If we get another close above this level we can test $6...and then $8.11 appears to be the next target.
Ambac Financial Group today announced that Standard & Poor's Ratings Services (S&P) affirmed the 'AA' financial strength rating on Ambac Assurance Corporation (AAC) and removed it from CreditWatch Negative.
This is huge news for ABK.....I think this stock has much further up to go.
On August 6th I wrote about ABK after they released earnings and stated we had resistance at $5.60. Today on 8/15/08 we are hovering around this level in pre market. Keep an eye on this situation. If we get another close above this level we can test $6...and then $8.11 appears to be the next target.
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