Las Vegas Sands ( LVS ) Going Concern 11/17/08

Today, 11/17/08, Las Vegas Sands ( LVS ) has removed its going concern red flag.

Las Vegas Sands Corp. (LVS) today announced that it has reissued its 2007 audited financial statements as part of an amendment to its currently effective shelf registration statement on Form S-3. The reissued 2007 audited financial statements reflect that, in light of the company's recently completed $2.1 billion capital raise and the adoption of its updated development plan, the company believes that it has sufficient liquidity and capital resources to both fund its ongoing operations and to execute its updated development plan.

The filing also reflects an updated opinion by the company's independent accountants, PricewaterhouseCoopers LLP, reporting that as a result of management's recent actions, including the recently completed capital raise and the adoption of the updated development plan, the substantial doubt about the company's ability to continue as a going concern has been removed. No wonder someone bought 24,000 December calls last week!

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Dow Jones Futures 11/17/08 - Stock Market

The Stock Market and Dow Jones Futures are pointing lower this morning, November 17th, 2008. The Dow Jones Futures are down 180, the Nasdaq Futures are down 33, and the S&P 500 Futures are down 17 points in pre market.

Libor Rates have gone up this morning but there is a survey out that we are in Recession with the jobless rate to peak at 7.5%. Japan announced last night that they are in recession.

Biggest Gainers Today - 11/17/08

Las Vegas Sands ( LVS ) is moving this morning - they are removing going concern doubt

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1 and 3 Month Libor Rates - 11/17/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 11/17/08, are: 1 Month Libor Rate - 1.47% & 3 Month Libor Rate - 2.24%. The overnight Libor rate is 0.40%. As you can see, Libor Rates have gone up for the second straight day after falling for 22 straight days. Here are Previous Libor rates.

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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.

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Stock Market Futures 11/17/08 - Dow Jones Futures

How will the stock market open on 11/17/08? The Dow Jones Futures are currently down 39, the Nasdaq Futures are down 8.0, and the S&P 500 Futures are down 4.4 points tonight

The Asian Markets are pointing down tonight but off their lows, The Nikkei 225 index hit 8200 just after the open but has clawed its way back to 8400 during the first half hour of trading....this should actually be positive for the US stock market futures if foreign markets can hold with a slight loss or even go up tonight.

The G20 summit was a bust, but I believe the late sell off priced that in, besides, I don't think Wall Street expected anything big out of the meeting.

For you Las Vegas Sands LVS traders out there, I replaced Ivanhoe Energy with technical analysis of Las Vegas Sands on http://www.blackberrystocks.com/. You can find this at http://blackberrystocks.com/lvs.html

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Dow Jones 11/17/08 - Stock Market Analysis

The following chart is technical analysis for the Dow Jones Industrial Average ( DJIA ) for 11/17/08. What will the Dow Jones do on November 17th. 2008? We had a big technical sell off at the end of the day, basically as you can see on the chart, we tested the 10 day moving average and it was rejected. Technical Traders rule the stock market right now as almost no stocks are trading on fundamentals. You are seeing these huge moves because support and resistance levels are being hit. It is important to recognize them so you don't make a horrible trade. The 10 day moving average right now is probably more important then any other time, the buyers and sellers are fighting a war around this line. We need to close above the 10 day moving average and stay above it, this will get people bullish.

Dow Jones Technical Analysis 11/17/08

The Dow Jones has made a double bottom under 8000 but is still in a downtrend. Under 8000 looks to be a great place to buy after unloading in the 9000's. Until we close above 9800....this is your trading range. Notice how we stopped at 9653.95 after closing above the 10 day moving average for six straight days and then crashed back under two days later....this is bearish. The 10 day couldn't even hold! We have now tried to close back over the 10 day moving average twice ( Nov 10th, Nov 14th ) and it was rejected. You can't even think about getting bullish until we close back over the 10 day moving average for a few days. The Dow Jones closing low is 8175 and if we close below this at any point, it could get ugly.

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Dow Jones Close 11/14/08 - Stock Market Closing Prices

Stock Market Closing Prices - 11/14/08

Dow Jones Industrial Average ( DJIA ) Close - 8497.31 Down 337.15
Nasdaq Stock Market Close - 1516.85 Down 79.85
S&P 500 Close - 873.28 Down 38
NYSE Close -

Libor Rates - 11/14/08

1 Month - 1.48%
3 Month - 2.24%

Commodities Closing Prices - 11/14/08

Gold - 743.60
Oil - 56.60
Natural Gas - 6.33

The Dow Jones Industrial Average closed at 8497 on 11/14/08, as the stock market rallied off their lows from the morning session but gave everything back in the last half hour. The Stock Market Futures were down this morning, The Dow Jones futures were actually down 150 at one point as Nokia came out with an earnings warning and the fact that investors were taking profits from yesterdays powerful stock market move after we retested the lows. The Dow Jones was down around 350 at one point today but clawed back to even around 2:55pm est. By 3pm the Dow Jones was up as much as 70 points. In the last 30 minutes stocks failed to hold their gains and the Dow Jones Industrial Average was down 300 again. Google ( GOOG ) was strong all day long until the final hour where it was up 4% and then almost gave back all of those gains. Apple ( AAPL ) and Research in Motion ( RIMM ) were very weak in response to the Nokia warning. Visa ( V ) and MasterCard ( MA ) showed some strength until the final hour.


Today's Biggest Stock Market Gainers - November 14th, 2008

Las Vegas Sands ( LVS ) was strong today due to yesterdays call buying. General Growth Properties ( GGP ) was the biggest gainer today on the New York Stock Exchange. Another big end of the day gainers was Hartford Financial ( HIG ). This company is turning into a savings and loan company and then will be taking TARP money to make an acquisition.

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Markets turning around on Henry Paulson Comments

The Stock Market is having a nice turnaround this afternoon because Henry Paulson is on CNBC defending himself and why he changed the TARP program....basically he thinks conditions have improved in the credit crisis and he says he doesn't see any more major failures and everyone can sleep with peace of mind.

Google ( GOOG ) has been leading the charge today....stock up 2% when most technology stocks were down 4-6%. Keep an eye on Baidu.com ( BIDU ), when this closes back over $200 it could really rip higher.

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Dow Jones Open 11/14/08 - Stock Market

Today, 11/14/08, the Stock Market has opened lower following yesterdays capitulation reversal. The Dow Jones has opened up down 85 to 8750 at 9:45 am est. The Nasdaq is down 30 to 1566, and the S&P 500 is down 12.5 to 899. Weighing on the stock market today is the retail sales number that was bad, also Nokia's warning. Apple ( AAPL ) and Research in Motion ( RIMM ) are very weak today following Nokia ( NOK ). Las Vegas Sands ( LVS ) is moving higher after yesterdays call buying.

Don't forget to view Art Cashin's and Art Hogan's comments today on yesterdays move.

I will have all my stock charts updated this weekend as well as technical analysis on the Dow Jones. I just want to see what happens today after the huge run yesterday.

Today's Biggest Gainers - November 14th, 2008

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Art Hogan CNBC 11/14/08 - Hogan Bottom

Art Hogan, Chief Market Strategist at Jefferies & Company was on CNBC this morning, 11/14/08, and gave comments and stock market predictions. Art Hogan is popular for what CNBC calls, " The Hogan Bottom " due to his bottom call on October 10th, 2008 when everyone was panicking. Art Hogan boldly called the bottom on 10/10/08 and sure enough, so far it turns out he was right. Below is what he had to say November 14th, 2008.

The stock market certianly looks better, we tested the bottom three time now, ( October 10th, October 28th, November 13th ) volume looks good, gives you more confidence. We need to consider how much bad news is already priced into the stock market and most of it is.

We had a 900 point swing in the Dow Jones yesterday, I think we can get another 10% on the upside for the rest of the year and then in 2009 we will have to reset and figure out where we are.

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