Tracinda Corporation is a private investment corporation owned by Kirk Kerkorian and they have come out and said they have sold 7.3 million Ford Motors ( F ) shares on Monday, 10/20/08 at $2.43 per share. They still own 6.09% of shares so look out below because they are further looking to liquidate. Can you believe this news? Yikes! Ford shares are trading at $2.25 pre market on this news.
http://blackberrystocks.com
Tuesday, October 21, 2008
Pre Market Trading - Stock Market 10/21/08 - Libor Rates, CAT, AAPL, Futures
Today, Tuesday, 10/21/08, The stock Market futures are pointing lower in pre market by about 100 points for the Dow Jones. This comes after a huge move up over 400 points on Monday.
European Markets 10/21/08 - European stock markets opened higher Tuesday following Asian gains overnight, as lower interbank lending rates fueled hope that credit markets are returning to normal. The Nikkei rose 3.3% last night.
The FTSE 100 index of leading British shares was 2.53 points higher, or 0.1 percent, higher at 4,285.20, while Germany's DAX was up 30.76 points, or 0.6 percent, at 4,865.77.
Caterpillar ( CAT ) - Cat just reported earnings this morning of $1.39 per share vs 1.41 expected. Caterpillar sees full year 2008 earnings of $6 and they reaffirm their full year 2008 outlook.
Libor Rates - Today, the Libor rates are below 4% for the first time in three weeks. This is a further signal that the credit markets are starting to thaw up a bit. Should be great news for the stock market going forward.
Stock to Watch 10/21/08 - (LINE ), Jim Cramer mentioned it on Mad Money CNBC last night. The stock was up over 12% to $16.25. Watch Apple ( AAPL ) today as they release earnings tonight. Key analyst Gene Munster said on Fast Money last night he expects AAPL to trade higher after earnings are released tonight. Apple is expected to report $1.11 per share.
EBS - New Top 2008 Stock this year - As of yesterday, ( EBS ) is the best performing stock this year for the first time.
Carter Worth gave a new opinion on the markets last night - check it out!
European Markets 10/21/08 - European stock markets opened higher Tuesday following Asian gains overnight, as lower interbank lending rates fueled hope that credit markets are returning to normal. The Nikkei rose 3.3% last night.
The FTSE 100 index of leading British shares was 2.53 points higher, or 0.1 percent, higher at 4,285.20, while Germany's DAX was up 30.76 points, or 0.6 percent, at 4,865.77.
Caterpillar ( CAT ) - Cat just reported earnings this morning of $1.39 per share vs 1.41 expected. Caterpillar sees full year 2008 earnings of $6 and they reaffirm their full year 2008 outlook.
Libor Rates - Today, the Libor rates are below 4% for the first time in three weeks. This is a further signal that the credit markets are starting to thaw up a bit. Should be great news for the stock market going forward.
Stock to Watch 10/21/08 - (LINE ), Jim Cramer mentioned it on Mad Money CNBC last night. The stock was up over 12% to $16.25. Watch Apple ( AAPL ) today as they release earnings tonight. Key analyst Gene Munster said on Fast Money last night he expects AAPL to trade higher after earnings are released tonight. Apple is expected to report $1.11 per share.
EBS - New Top 2008 Stock this year - As of yesterday, ( EBS ) is the best performing stock this year for the first time.
Carter Worth gave a new opinion on the markets last night - check it out!
Monday, October 20, 2008
Carter Worth CNBC 10/20/08 - Stock Market Bottom is In
Carter Worth was on CNBC Fast money tonight 10/20/08
We are long...play the beaten down names, Industrials, Coal names
You could buy CNX, BTU, CHK, X
UYM play for a rebound
DIG play this stock for a rebound
The risk reward is good....instead of the meltdown, you could have a meltup going into the end of the year.
" We saw an intermediate low last week that will last for a long time. We should see a strong advance this week in the stock market and beyond.
" The volume that we saw on the way down was capiluation volume and we are all in the stock market now." " We feel the lows are in!"
http://blackberrystocks.com
We are long...play the beaten down names, Industrials, Coal names
You could buy CNX, BTU, CHK, X
UYM play for a rebound
DIG play this stock for a rebound
The risk reward is good....instead of the meltdown, you could have a meltup going into the end of the year.
" We saw an intermediate low last week that will last for a long time. We should see a strong advance this week in the stock market and beyond.
" The volume that we saw on the way down was capiluation volume and we are all in the stock market now." " We feel the lows are in!"
http://blackberrystocks.com
Biggest Stock Market Gainers - 10/20/08 - Largest, Best Stock Market Gainers for Monday
Here is a list of the biggest stock market gainers for Monday, 10/20/08
http://blackberrystocks.com/hotstocks.html
Todays Stock Gainers
10/20/08 Largest Gainers
TMA $2.06 +87.27%
ACW $.41 +64.00%
FLE $.66 +37.50%
CVGI $2.25 +37.20%
MPEL $4.40 +34.97%
TOMO $4.95 +34.15%
SA $9.44 +33.52%
CLF $36.34 +29.79%
BQI $2.00 +29.03%
NRG $24.93 +28.97%
LNY $11.58 +27.53%
WBMD $19.26 +26.88%
PLLL $4.92 +26.15%
TYG $19.85 +25.79%
AZK $1.71 +25.74%
NKTR $4.01 +25.71%
CAEI $4.06 +25.31%
GBN $1.22 +23.23%
NOV $31.37 +22.63%
DIG $36.74 +22.14%
http://blackberrystocks.com/hotstocks.html
Todays Stock Gainers
10/20/08 Largest Gainers
TMA $2.06 +87.27%
ACW $.41 +64.00%
FLE $.66 +37.50%
CVGI $2.25 +37.20%
MPEL $4.40 +34.97%
TOMO $4.95 +34.15%
SA $9.44 +33.52%
CLF $36.34 +29.79%
BQI $2.00 +29.03%
NRG $24.93 +28.97%
LNY $11.58 +27.53%
WBMD $19.26 +26.88%
PLLL $4.92 +26.15%
TYG $19.85 +25.79%
AZK $1.71 +25.74%
NKTR $4.01 +25.71%
CAEI $4.06 +25.31%
GBN $1.22 +23.23%
NOV $31.37 +22.63%
DIG $36.74 +22.14%
Closing Prices 10/20/08 - Dow Jones, Nasdaq, SP 500
The following are the closing prices on the major stock market averages for Monday, 10/20/08
Dow Jones Industrial Average - DJIA
Closing Price - 9265.43 + 413.21
Nasdaq
Closing Price - 1770.03 +58.74
S&P 500
Closing Price - 985.40 +44.85
http://blackberrystocks.com
Dow Jones Industrial Average - DJIA
Closing Price - 9265.43 + 413.21
Nasdaq
Closing Price - 1770.03 +58.74
S&P 500
Closing Price - 985.40 +44.85
http://blackberrystocks.com
RIMM Downgraded by First Global 10/20/08
Research in Motion ( RIMM ) is down over 8% today ( $54 per share ) thanks to a downgrade over at First Global. First Global now has RIMM at underperform from market perform.
Pacific Crest said there's growing risk Research In Motion will miss its third-quarter estimates as sales of BlackBerry handsets through mid-October have been disappointing.
Keep an eye on RIMM as this stock will likely move in response to Apple ( AAPL ) earnings later this week. AAPL is expected to earn $1.11 per share.
http://blackberrystocks.com
Pacific Crest said there's growing risk Research In Motion will miss its third-quarter estimates as sales of BlackBerry handsets through mid-October have been disappointing.
Keep an eye on RIMM as this stock will likely move in response to Apple ( AAPL ) earnings later this week. AAPL is expected to earn $1.11 per share.
http://blackberrystocks.com
10/20/08 Biggest Stock Gainers - Hot Stocks
Here is a list of this mornings biggest stock gainers in the stock market:
http://blackberrystocks.com/hotstocks.html
10/20/08 Morning Gainers
DCGN
TMA
NRG
EMKR
HAL
MPEL
CC
http://blackberrystocks.com/hotstocks.html
10/20/08 Morning Gainers
DCGN
TMA
NRG
EMKR
HAL
MPEL
CC
Pre Market Trading - Stock Market 10/20/08 - Libor Rates Declining
Today, 10/20/08, The stock market futures are pointing higher so far in pre market trading. Asian and Europe stock markets rose nicely last night. The Nikkei was up 3.6% and the Hang Send was up 5.3% last night in active stock trading.
Libor rates have been coming down a bit helping to boost the overseas markets. Even Europe opened a lot stronger last night. It look like it will be a strong day for the US stock markets. Oil is hitting $74 this morning , up $2 per barrel mounting talk that the Organization of Petroleum Exporting Countries ( OPEC ) will cut production at the end of this week in an attempt to shore up prices that have fallen by 50 percent in three months.
Stocks to Watch Today - Ambac ( ABK ) & Cit Group ( CIT )
These two stocks were very active on Friday and up huge. There is no reason to think that will let up today with a strong stock market. You could really see some nice gains in these stocks.
Earnings today 10/20/08 - American Express ( AXP ) , SanDisk ( SNDK ) , Netflix ( NFLX )
For a full earnings calendar - visit - http://blackberrystocks.com
Libor rates have been coming down a bit helping to boost the overseas markets. Even Europe opened a lot stronger last night. It look like it will be a strong day for the US stock markets. Oil is hitting $74 this morning , up $2 per barrel mounting talk that the Organization of Petroleum Exporting Countries ( OPEC ) will cut production at the end of this week in an attempt to shore up prices that have fallen by 50 percent in three months.
Stocks to Watch Today - Ambac ( ABK ) & Cit Group ( CIT )
These two stocks were very active on Friday and up huge. There is no reason to think that will let up today with a strong stock market. You could really see some nice gains in these stocks.
Earnings today 10/20/08 - American Express ( AXP ) , SanDisk ( SNDK ) , Netflix ( NFLX )
For a full earnings calendar - visit - http://blackberrystocks.com
Sunday, October 19, 2008
First Solar ( FSLR ) Technical Analysis - FSLR Stock Analysis
The following is technical analysis for the stock First Solar ( FSLR ) for 10/20/08.
Support and Resistance Levels - FSLR
First Solar FSLR stock has shown signs of recovering lately as it has trended over its 10 day moving average for several trading days now. This is a positive sign. FSLR has support around the $102.50 and 100.00 level. First Solar also has resistance around the $150 level as well as $160 area. I'd be very bullish on a close over $160. On the downside, the stock is trending well below the 50 and 200 day moving averages.
Earnings will be a key catalyst as to where this stock heads next. FSLR earnings are expected 10/29/08.
Support and Resistance Levels - FSLR
First Solar FSLR stock has shown signs of recovering lately as it has trended over its 10 day moving average for several trading days now. This is a positive sign. FSLR has support around the $102.50 and 100.00 level. First Solar also has resistance around the $150 level as well as $160 area. I'd be very bullish on a close over $160. On the downside, the stock is trending well below the 50 and 200 day moving averages.
Earnings will be a key catalyst as to where this stock heads next. FSLR earnings are expected 10/29/08.
ENER Analysis - Energy Conversion Devices Stock Technical Analysis
The following is Technical Analysis for Energy Conversion Devices ( ENER ) issued on 10/19/08.
Support and Resistance Levels - Energy Conversion Devices ( ENER )
Energy Conversion Devices ( ENER ) is a broken stock right now until is starts closing over moving averages such as the 10, 50, and 200 Day. Ener has support at around $34 and $29.00. Resistance is at $46.40, $49 and $50.
Remember when ENER first popped on its first quarter of reporting earnings in history back in May? ENER opened up around $42....his $41...and then took off to hit a high of $48. Also bouncing off $46.40 several times before breaking $50. A close over $50 again would be a very bullish indicator and in my opinion ENER would be back in play.
Support and Resistance Levels - Energy Conversion Devices ( ENER )
Energy Conversion Devices ( ENER ) is a broken stock right now until is starts closing over moving averages such as the 10, 50, and 200 Day. Ener has support at around $34 and $29.00. Resistance is at $46.40, $49 and $50.
Remember when ENER first popped on its first quarter of reporting earnings in history back in May? ENER opened up around $42....his $41...and then took off to hit a high of $48. Also bouncing off $46.40 several times before breaking $50. A close over $50 again would be a very bullish indicator and in my opinion ENER would be back in play.
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