Today the stock market is having a great day bouncing off the low from this morning to breaking out this afternoon.
Two of the biggest gainers for Friday 10/17/08 are ABK and CIT
CIT rebounded after a 38% loss Thursday, when the company reported its net loss ballooned amid surging credit losses and $455 million in write-downs at its vendor-finance business.
Ambac ABK: Analysts at Barclays capital cited reports that insurer Ambac Financial Group Inc. was going to the U.S. Treasury with a bailout proposal that would enable insurers to sell bad assets to the government as the primary reason for the stock to bounce.
These two stock have the potential to gap higher on Monday if some nice buy volume can come in at the end of the day and they can remain near their highs.
For more of the biggest gainers of the day, visit: http://blackberrystocks.com/hotstocks.html
Friday, October 17, 2008
Pre Market Trading - Stock Market 10/17/08
The stock market is set to open up pre market a lot lower today on Friday, 10/17/08. Investors are nervous about some key economic data due out including Housing Starts and Consumer Confidence.
Stocks to Watch 10-17-08:
Google ( GOOG ) - Google reported earnings of $4.92 Thursday, beating wall street estimates. The stock is set to open Fridays pre market at $388 after closing at $353 on Thursday. Pete Najarian on CNBC Fast Money last night said everyone is piling into Google GOOG right now, chasing after it. Najarian said that we will have another chance to buy Google, don't chase it! Early 2009 they will probably doubt Google once again, and if they miss earnings....it will get slammed. Add this to the fact that business in the beg of 2009 will be horrible combined with the technology slowdown....you will most likely get another chance to buy Google again.
Potash ( POT ) - Potash led all stocks yesterday at the end of the day with positive money flow. This is a positive sign going forward as Pot has just gotten beat up left and right. Potash reports earnings on 10/22 I believe, so keep this stock on your watch lists.
Warren Buffett - Warren Buffett is buying stocks for his personal account for the first time ever. He says that over the long term, this is one of the greatest opportunities you will get. " Be fearful when others are greedy, Be greedy when others are fearful" is Warren Buffets Motto.
Dow Jones trading range: Keep an eye on the current trading range of the Dow Jones Industrial Average. $9800 to $7800. You should be buying when we get closer to the bottom of the range....and selling stocks when you get closer to the high range. S&P 500 trading range - $1006 to $836
- Gilead Sciences Inc.'s (GILD) third-quarter net income rose 27% amid strong sales of HIV drugs. Results topped analysts' estimates, pushing shares up 3.9% in late trading
- Capital One Financial Corp. (COF) swung to a third-quarter profit as the bank and credit-card issuer saw higher deposits and increased profits in it local banking segment. Shares rose 3.7% in late trading.
- Evergreen Solar Inc. (ESLR) fell 9% pre market after reporting its net loss widened due to start-up costs at a new plant for the solar-panel maker.
Stocks to Watch 10-17-08:
Google ( GOOG ) - Google reported earnings of $4.92 Thursday, beating wall street estimates. The stock is set to open Fridays pre market at $388 after closing at $353 on Thursday. Pete Najarian on CNBC Fast Money last night said everyone is piling into Google GOOG right now, chasing after it. Najarian said that we will have another chance to buy Google, don't chase it! Early 2009 they will probably doubt Google once again, and if they miss earnings....it will get slammed. Add this to the fact that business in the beg of 2009 will be horrible combined with the technology slowdown....you will most likely get another chance to buy Google again.
Potash ( POT ) - Potash led all stocks yesterday at the end of the day with positive money flow. This is a positive sign going forward as Pot has just gotten beat up left and right. Potash reports earnings on 10/22 I believe, so keep this stock on your watch lists.
Warren Buffett - Warren Buffett is buying stocks for his personal account for the first time ever. He says that over the long term, this is one of the greatest opportunities you will get. " Be fearful when others are greedy, Be greedy when others are fearful" is Warren Buffets Motto.
Dow Jones trading range: Keep an eye on the current trading range of the Dow Jones Industrial Average. $9800 to $7800. You should be buying when we get closer to the bottom of the range....and selling stocks when you get closer to the high range. S&P 500 trading range - $1006 to $836
- Gilead Sciences Inc.'s (GILD) third-quarter net income rose 27% amid strong sales of HIV drugs. Results topped analysts' estimates, pushing shares up 3.9% in late trading
- Capital One Financial Corp. (COF) swung to a third-quarter profit as the bank and credit-card issuer saw higher deposits and increased profits in it local banking segment. Shares rose 3.7% in late trading.
- Evergreen Solar Inc. (ESLR) fell 9% pre market after reporting its net loss widened due to start-up costs at a new plant for the solar-panel maker.
Thursday, October 16, 2008
Potash ( POT ) Stock 10/16/08 FCX
Monday Potash ( POT ) was $115 in pre market....three days later, you can buy Potash ( POT ) at $70. Yes, that's right, Potash is down $45 in three trading days. This is thanks to hedge fund liquidations still going on in the stock market. Look at Freeport McMoran ( FCX ). Down $15 per share since Monday morning.
Someone is selling big time! These stocks don't even rally with the stock market anymore....they go down further.
What to do? Wait for them to break their highs of the day after 10am to jump in.....once the sellers are done selling, these will bounce big time!
Someone is selling big time! These stocks don't even rally with the stock market anymore....they go down further.
What to do? Wait for them to break their highs of the day after 10am to jump in.....once the sellers are done selling, these will bounce big time!
Pre Market Trading - Stock Market 10/16/08, Citigroup C Earnings, CHK
After a wild week, Citigroup ( C ) delivered some better then expected earnings ( or lack there of ) This morning, 10/16/08, Citi lost .60 cents per share, or 2.81 Billion for the 3rd quarter.
Total assets declined by 50 billion since the 2nd quarter. Yes, this report looks grim, but Citigroup ( C ) will in fact survive and that is making the stock rise a bit in pre market trading to $16.87.
Stocks to Watch 10/16/08:
Watch Chesapeake Energy ( CHK ). Again yesterday, this stock was crushed, but I'm seeing some signs of early bidders coming back to the stock. You could potentially catch a nice gain in this stock if you play it right. Buy the stock when it breaks the high of day. Chesapeake Energy is a major driller in the best natural gas field, Haynesville Shale
Google ( GOOG ) reports earnings tonight.....this will be a stock to watch also. EBay reported in line earnings last night but their guidance was horrible. Google does not give guidance.
For a full earnings calendar, go to http://blackberrystocks.com
Total assets declined by 50 billion since the 2nd quarter. Yes, this report looks grim, but Citigroup ( C ) will in fact survive and that is making the stock rise a bit in pre market trading to $16.87.
Stocks to Watch 10/16/08:
Watch Chesapeake Energy ( CHK ). Again yesterday, this stock was crushed, but I'm seeing some signs of early bidders coming back to the stock. You could potentially catch a nice gain in this stock if you play it right. Buy the stock when it breaks the high of day. Chesapeake Energy is a major driller in the best natural gas field, Haynesville Shale
Google ( GOOG ) reports earnings tonight.....this will be a stock to watch also. EBay reported in line earnings last night but their guidance was horrible. Google does not give guidance.
For a full earnings calendar, go to http://blackberrystocks.com
Friday, October 10, 2008
Stock Market 10/12/08 - Dow Jones, G7 Meeting, Morgan Stanely ( MS )
What is in store for next week in the stock market? All eyes are on the G7 meeting this weekend and so far nothing much has come out of it. The US will start buying stakes in the US banks....this is positive but not enough. Monday 10/12 & Tuesday 10/13 could get real ugly if nothing comes out of this G7 meeting......which in my opinion is the reason the stock market had that explosive rally upward at the end of the day today.
All eyes will also be on the Morgan Stanley ( MS ) deal ......if that doesn't close look out below!
I have been buying the big dips and selling the rips....until further notice...
All eyes will also be on the Morgan Stanley ( MS ) deal ......if that doesn't close look out below!
I have been buying the big dips and selling the rips....until further notice...
Morgan Stanley ( MS ) ( GS ) Goldman Sachs 10/10/08
Morgan Stanley ( MS ) and Goldman Sachs ( GS ) are tanking this morning causing stocks to fall even further.
Dow Jones futures are at 8350 ....down another 250ish points so far this morning.
All eyes will be on trading today....If we tank and close positive...a strong case for the bottom will be made. Also, something could come out of the g-7 meeting this weekend.
Dow Jones futures are at 8350 ....down another 250ish points so far this morning.
All eyes will be on trading today....If we tank and close positive...a strong case for the bottom will be made. Also, something could come out of the g-7 meeting this weekend.
Thursday, October 9, 2008
General Motors ( GM ) 10/9/08 Dow Jones
General Motors was downgraded to credit watch negative.....plunging ( GM ) shares 30% to close around $4.90 per share.
The Dow Jones Average crashed 678 points today to 8579. So what is the problem? Tons of sellers, and very little buyers. Many big funds are stuck in stocks at significantly higher prices and have been forced to sell....or when we do get a big of a rally, they sell. Today's plunge took about 45 minutes.
A sign that this would happen: Many of the European Banks sold hard into the close earlier today in the Europe markets so that gave me a hint to this happening.
We are due for a major rally off the lows.....1000 - 1500 points but where those lows will be is a good question!
I'd like to see capitulation tomorrow morning so we can finally put in a bottom. I'd like to see a major gap down..... maybe hit 8,000 on the Dow and then a stampede of buying with heavy volume. The problem is we always get these big down days and rally right after them. At this point, we need everyone to puke up stocks and that will attractive big buyers. The sooner we get this over with, the sooner we will move higher!
The Asian markets will crash tonight....you will see losses you never would have thought possible. In Asia tonight, it is Friday over there.....last day of trading for the week. They have no idea how we will trade tomorrow so it will be worse for them!
My Stock Shopping List: GOOG, AAPL, FCX, ENER, V, MA....these are the stocks I am looking at buying on the cheap.
The Dow Jones Average crashed 678 points today to 8579. So what is the problem? Tons of sellers, and very little buyers. Many big funds are stuck in stocks at significantly higher prices and have been forced to sell....or when we do get a big of a rally, they sell. Today's plunge took about 45 minutes.
A sign that this would happen: Many of the European Banks sold hard into the close earlier today in the Europe markets so that gave me a hint to this happening.
We are due for a major rally off the lows.....1000 - 1500 points but where those lows will be is a good question!
I'd like to see capitulation tomorrow morning so we can finally put in a bottom. I'd like to see a major gap down..... maybe hit 8,000 on the Dow and then a stampede of buying with heavy volume. The problem is we always get these big down days and rally right after them. At this point, we need everyone to puke up stocks and that will attractive big buyers. The sooner we get this over with, the sooner we will move higher!
The Asian markets will crash tonight....you will see losses you never would have thought possible. In Asia tonight, it is Friday over there.....last day of trading for the week. They have no idea how we will trade tomorrow so it will be worse for them!
My Stock Shopping List: GOOG, AAPL, FCX, ENER, V, MA....these are the stocks I am looking at buying on the cheap.
Wednesday, October 8, 2008
Stock Gainers 10/08/08 - Nasdaq, NYSE, Amex
Here is a list of 10/08/08 stock gainers. The list is small but the stock market has been tanking lately. For a full list every day, visit http://blackberrystocks.com/hotstocks.html
VCBI
RBS
PSPT
CBL
HMY
BK
GFI
VCBI
RBS
PSPT
CBL
HMY
BK
GFI
Stock Market & Pending Home Sales 10/8/08
The stock market has riped higher off its lows at the open today....now we have pending home sales up 8.8% for August, compared to last year. This has rallied the markets even more.
Watch the Dow Jones...the low on Monday was 9525....we need to stay above that...or atleast close above that level. If not, we could restest the lows once again. 9525 is a key level to watch for the Dow Jones.
Watch the Dow Jones...the low on Monday was 9525....we need to stay above that...or atleast close above that level. If not, we could restest the lows once again. 9525 is a key level to watch for the Dow Jones.
Capitulation 10/8/08 ? Stocks Set to Rebound?
The Stock Market has shook off a global rate cut today so far.....Dow Jones was up over 250 points in pre market but has since gone down 400 points off the highs.
Look for a major washout early followed by a rally going into the end of the day.....if we can tank and then end positive today...that could be the capitulation bottom everyone is loking for.
You need to see everyone selling everything...and then a strong rally with HEAVY volume....no major pullbacks on the way up....just a surge in buying.
Lets see if it happens today!
Look for a major washout early followed by a rally going into the end of the day.....if we can tank and then end positive today...that could be the capitulation bottom everyone is loking for.
You need to see everyone selling everything...and then a strong rally with HEAVY volume....no major pullbacks on the way up....just a surge in buying.
Lets see if it happens today!
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