John Najarian was just on CNBC saying that he believes we are not out of this financial crisis and you want to buy the " good " banks on dips such as Wells Fargo ( WFC ) and US Bancorp ( USB ).
" Buy when their is blood on the Streets" Focus on the fact that these banks are on the low end of the downfall, and we are 9/10ths through this....once you start to seeing consolidation the up move will be big. John Najarian feels there will be 5-10 of these banks consolidated as this is your sign that the worst is over!
Monday, August 25, 2008
July 2008 Exisiting Home Sales up 3.1%
July Exisiting Home Sales up 3.1%
Inventories going up though....new condos and forclosures continue to rise.....Northeast is looking better though.
+3.1% July 2008 vs ( -2.8%) June 2008
Inventories going up though....new condos and forclosures continue to rise.....Northeast is looking better though.
+3.1% July 2008 vs ( -2.8%) June 2008
CPSL China Precision Steel Stock Breaking Out 8/25/08
This morning, China Precision Steel ( CPSL ) is breaking out to the upside. CPSL stock is now up over 10% to $5.45.
The move started last week when this article was published.
CPSL Technical Analysis:
Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!
The move started last week when this article was published.
CPSL Technical Analysis:
Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!
LDK Solar 2009 Revenue Guidance, Wafer Shipments 8/25/08 - LDK Solar Stock August 25th, 2008
This morning LDK solar is up 7% in pre market to $49 per share due to the company coming out and raising revenue guidance for 2009.
2009 Financial Outlook:
* Revenue: Between $2.8 billion and $3.0 billion
* Wafer shipments: Between 1.45 GW to 1.55 GW.
LDK Solar, a leading manufacturer of solar wafers, announced today that the company held a ceremony celebrating its wafer plant reaching the milestone of 1.0 GW annualized capacity. This event was hosted by Mr. Xiaofeng Peng, Founder, Chairman and CEO in Xinyu, China on August 23, 2008.
LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.
2009 Financial Outlook:
* Revenue: Between $2.8 billion and $3.0 billion
* Wafer shipments: Between 1.45 GW to 1.55 GW.
LDK Solar, a leading manufacturer of solar wafers, announced today that the company held a ceremony celebrating its wafer plant reaching the milestone of 1.0 GW annualized capacity. This event was hosted by Mr. Xiaofeng Peng, Founder, Chairman and CEO in Xinyu, China on August 23, 2008.
LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.
Dow Jones Technical Analysis 8/25/08 - Dow Jones Industrial Average Analysis August 25th, 2008
The last time I reported on the Dow we were around that key 11,400 level I talked about several times. Recently we have closed below and shot back up through this level. The low on the Dow last week was around 11,300 and I strongly believe this will hold. I am now looking for the Dow Jones to break an important resistance level of 11,698.
Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
Friday, August 22, 2008
Drys Earnings - Dryships Earnings analysis 8/22/08
Dryships ( DRYS ) reported earnings 8/21/08 for the 2nd quarter ( Q2 ). This morning, August 22nd, 2008, Drys is headed lower in pre market trading.
Earnings Results for Dryships ( DRYS ):
-- The Company reported Net Income of $299.8 million or $7.10 per fully diluted share for the second quarter of 2008. Included in the second quarter results is a capital gain on the sale of three vessels of $135.8 million or $3.21 per fully diluted share and a non-cash gain of $12.2 million or $0.29 per fully diluted share associated with the valuation of interest rate swaps. Excluding these items Net Income would amount to $151.8 million or $3.60 per fully diluted share.
-- For the second quarter of 2008 the Company reported adjusted EBITDA(1), excluding vessel gains and a non-cash gain on interest rate swaps, of $199.2 million.
-- In July 2008 the Company declared its thirteenth consecutive quarterly cash dividend of $0.20 per common share.
Drys was expected to earn $4.56 per share....and they came in with $3.60 after all the gains from the sale of ships and pre tax gains.
This is very concerning....but the question you have to ask yourself, is the miss already priced into the stock? Last earnings report Drys ran over $100 and now its all the way back to $70.
Technicals: $66 must hold! Would go long on a close over $85
Earnings Results for Dryships ( DRYS ):
-- The Company reported Net Income of $299.8 million or $7.10 per fully diluted share for the second quarter of 2008. Included in the second quarter results is a capital gain on the sale of three vessels of $135.8 million or $3.21 per fully diluted share and a non-cash gain of $12.2 million or $0.29 per fully diluted share associated with the valuation of interest rate swaps. Excluding these items Net Income would amount to $151.8 million or $3.60 per fully diluted share.
-- For the second quarter of 2008 the Company reported adjusted EBITDA(1), excluding vessel gains and a non-cash gain on interest rate swaps, of $199.2 million.
-- In July 2008 the Company declared its thirteenth consecutive quarterly cash dividend of $0.20 per common share.
Drys was expected to earn $4.56 per share....and they came in with $3.60 after all the gains from the sale of ships and pre tax gains.
This is very concerning....but the question you have to ask yourself, is the miss already priced into the stock? Last earnings report Drys ran over $100 and now its all the way back to $70.
Technicals: $66 must hold! Would go long on a close over $85
Pre Market Report: 8/22/08 Lehman LEH breaking out
This morning in pre market the financials are going to ge active to the upside.
Korea Development Bank Friday said it is considering a bid for Lehman Brothers Holdings Inc. (LEH), Reuters reported on its Web site, quoting a KBD spokesman. "We are studying a number of options and are open to all possibilities, which could include (buying) Lehman," a KDB spokesman said. Lehman couldn't be reached for comment.
LEH is up 14% in pre market to $15.65
Other hot stock in pre market include:
CSUN China Sunergy - Great earnings
ABK Ambac Financial
Korea Development Bank Friday said it is considering a bid for Lehman Brothers Holdings Inc. (LEH), Reuters reported on its Web site, quoting a KBD spokesman. "We are studying a number of options and are open to all possibilities, which could include (buying) Lehman," a KDB spokesman said. Lehman couldn't be reached for comment.
LEH is up 14% in pre market to $15.65
Other hot stock in pre market include:
CSUN China Sunergy - Great earnings
ABK Ambac Financial
Thursday, August 21, 2008
Bidu - Baidu.com : I bought BIDU and GOOG 8/20
Yesterday I made some purchases......BIDU at $304 and GOOG at $490.......I took profits in the past two day in XTO, CHK, CLR. They will most likely continue going up with Oil but I wanted to regroup and take profits. If they dip at all, I will be back in!
I bought BIDU because the company is growing very fast and it continues to blowout quarterly earnings. Baidu revealed they are taking even more market share from competitors in China. Baidu.com only trades at 45 times 2009 earnings which is cheap compared to how fast it is growing. If you missed the Google ( GOOG ) IPO, here is your chance!
I bought GOOG because this is the time of the year you want to be in the stock. You accumulate in the summer sell in December. Google under $500 has always been a steal!
Keep in mind, I have taken half positions on both....if we get dips, I will continue to add.
These are my two stocks for the rest of the year....the Garmin had to go the second they said Nuvifone was delayed. I will look at Garmin ( GRMN ) again in the future.
I bought BIDU because the company is growing very fast and it continues to blowout quarterly earnings. Baidu revealed they are taking even more market share from competitors in China. Baidu.com only trades at 45 times 2009 earnings which is cheap compared to how fast it is growing. If you missed the Google ( GOOG ) IPO, here is your chance!
I bought GOOG because this is the time of the year you want to be in the stock. You accumulate in the summer sell in December. Google under $500 has always been a steal!
Keep in mind, I have taken half positions on both....if we get dips, I will continue to add.
These are my two stocks for the rest of the year....the Garmin had to go the second they said Nuvifone was delayed. I will look at Garmin ( GRMN ) again in the future.
CNBC Fast Money Recap 8/21/08 - Fast money Stock Picks August 21st, 2008 - Jeff Mackie, Guy Adami, Joe Terranova on Oil, John Najarian
During the Olympics, Fast Money does a half hour show on CNBC at 1:00pm est.
Fast Money Stock Picks 8/21/08
Jeff Mackie
USO: I wouldn't chase it here
Guy AdamiSLB: Take some money off the table....but I think it still has upside
US Steel X : This is sell the rally mode..you have to sell
Joe TerranovaOil: Speculators sold this market short under $120 and this is a short squeeze.
USO: I'm letting this ride...need to get above $122 for oil and the run continues.
US Steel X: It should be up, but its not...i'm thinking about selling it
FCX: I am playing copper with going long Freeport FCX
John Najarian
USO: I would be taking money off the table
XLY: We are short the XLY...this is shorting the consumer
Joy Global JOYG: We are long this stock
RIMM: Could be setting up to really break out here
Coal Stocks: UBS upgrading a lot of coal names today....MEE, BTU
Find out which companies are drilling the USA Natural Gas Shales: http://oilshalegas.com
Fast Money Stock Picks 8/21/08
Jeff Mackie
USO: I wouldn't chase it here
Guy AdamiSLB: Take some money off the table....but I think it still has upside
US Steel X : This is sell the rally mode..you have to sell
Joe TerranovaOil: Speculators sold this market short under $120 and this is a short squeeze.
USO: I'm letting this ride...need to get above $122 for oil and the run continues.
US Steel X: It should be up, but its not...i'm thinking about selling it
FCX: I am playing copper with going long Freeport FCX
John Najarian
USO: I would be taking money off the table
XLY: We are short the XLY...this is shorting the consumer
Joy Global JOYG: We are long this stock
RIMM: Could be setting up to really break out here
Coal Stocks: UBS upgrading a lot of coal names today....MEE, BTU
Find out which companies are drilling the USA Natural Gas Shales: http://oilshalegas.com
8/21/08 Hot Stocks - CHK, XTO, CLR, PDO - Oil Natural Gas Stocks
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
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
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