True Religion ( TRLG) is up big time afterhours tonight. The company has released better then expected earnings and upped guidance.
--Record Breaking Q2 08 Net Sales of $64.2 Million, an Increase of 78.9% from $35.9 Million in Q2 07--
--Increases High-End of Net Sales Guidance by $22 Million to $247 Million from $225 Million and High-End of EPS Guidance by $0.09 to $1.65 from $1.56--
--Q2 08 Gross Profit Increased 79.6% to $36.9 Million from $20.5 Million in Q2 07--
--Q2 08 Operating Income Grew 83.0% to $15.4 Million from $8.4 Million in Q2 07--
--Q2 08 Net Income Grew 86.0% to $9.3 Million from $5.0 Million in Q2 07--
--Q2 08 Diluted EPS Reaches $0.39 vs. $0.21 in Q2 07--
TRLG will be a hot stock tomorrow 8/07/08
Wednesday, August 6, 2008
Ambac ( ABK ) - Elan ( ELN ) Stock Market 8-06-08
This morning we have great earnings coming out of Ambac ( ABK ). This stock is trading over $5 so far in pre market. Ambac's ( ABK ) second-quarter earnings rose sharply, helped by valuation gains on credit derivatives. The New York-based company said net income rose to $823.1 million, or $2.80 a share, from $173 million, or $1.67 a share, a year earlier.
Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.
Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers
Check out the rest of the earnings this week at http://blackberrystocks.com
Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.
Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers
Check out the rest of the earnings this week at http://blackberrystocks.com
Tuesday, August 5, 2008
Potash ( POT ) Technical Analysis Stock Chart 8-06-08
Tonight I annotated a new technical analysis stock chart of Potash ( POT ).
Since I last wrote....POT did indeed break its $190 support level and then went on to break its next support level at $175.....this was a vicious down move! POT hasn't seen this bad of breakdown since it first started breaking out years ago.
All commodity related stocks are down huge over the past several weeks! The uptrend in these AG stocks couldn't last forever. Despite these agriculture stocks being cheap on a 2009 basis, the big money seems to be rotating out of commodities and into financials. But how long will this last? Probably not long. Global growth is still strong....
Some great stocks to buy on this huge pullback are:
Freeport McMoran ( FCX )
US Steel (X )
Potash ( POT )
Mosaic ( MOS )
United States Oil Fund (USO )
Since I last wrote....POT did indeed break its $190 support level and then went on to break its next support level at $175.....this was a vicious down move! POT hasn't seen this bad of breakdown since it first started breaking out years ago.
All commodity related stocks are down huge over the past several weeks! The uptrend in these AG stocks couldn't last forever. Despite these agriculture stocks being cheap on a 2009 basis, the big money seems to be rotating out of commodities and into financials. But how long will this last? Probably not long. Global growth is still strong....
Some great stocks to buy on this huge pullback are:
Freeport McMoran ( FCX )
US Steel (X )
Potash ( POT )
Mosaic ( MOS )
United States Oil Fund (USO )
Elan ( ELN ) Stock Alert - Up in Pre Market Again
This morning is the second straight day Elan Corp ( ELN ) is up in pre market. It finally seems like it has bottomed out. This is a risky stock but the potential here is huge if they can just make Tysabri safe. You could be looking at a $25 stock in a year if everything goes right.
If you are day trading ELN.....these is strong resistance at the $12 range.....a break above this level would cause a nice spike intraday. A close above $12 and you could see a move toward $15 this month I think. Just keep an eye on the news wire!
Check out this week Earnings Calendar & The Top 2008 Stock Gainers
If you are day trading ELN.....these is strong resistance at the $12 range.....a break above this level would cause a nice spike intraday. A close above $12 and you could see a move toward $15 this month I think. Just keep an eye on the news wire!
Check out this week Earnings Calendar & The Top 2008 Stock Gainers
Sirius ( SIRI ) Stock up Pre Market - Mel is buying
Sirius Sattelitte Radio ( SIRI ) is up big this morning to $1.51 after the CEO Mel Karmazin bought 1 Million shares August 4th, 2008 at $1.37 per share. Mell now has a total of 8.5 million shares of SIRI.
Keep in mind, there are 1.5 billion shares outstanding so while this is positive.....3 million dollars is nothing to Mel.
I personally think he hasn't done a good job....ever since he has come, the stock price has sunk....he has been promising cash flow positive, this and that, but the stock has sunk from $9 to almost $1. Imagine Apple going from $180 down to $20.....would you still think Steve Jobs did a good job at Apple ( AAPL )?
Keep in mind, there are 1.5 billion shares outstanding so while this is positive.....3 million dollars is nothing to Mel.
I personally think he hasn't done a good job....ever since he has come, the stock price has sunk....he has been promising cash flow positive, this and that, but the stock has sunk from $9 to almost $1. Imagine Apple going from $180 down to $20.....would you still think Steve Jobs did a good job at Apple ( AAPL )?
Monday, August 4, 2008
Potash ( POT ) Stock Alert - Breaking down 8/04/08
Potash is testing that $190 level again after topping out a month ago in the $240's. If Potash closes below this level....look out below! Check out my Technical Analysis of Potash!
Six Flags ( SIX ) stock up in Pre Market Trading
This morning Six Flags ( SIX ) has released earnings which appear to be better then expected. SIX is soaring up 26% to $1.41 in pre market action
Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million
Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.
Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.
Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.
Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million
Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.
Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.
Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.
Meredith Whitney on CNBC 8/04/08 ( C ) ( WB )
This morning Meredith Whitney was on CNBC talking about the credit crisis and the banks. She says that we are a little over half way out of this mess and that the banks stocks which are up 70-80% off there lows should go back and retest. She makes a point that the consumer will be even more dampened in the months and year to come as credit card lines will tighten even more.
Those of you that don't know about Meredith Whitney, she was one of the first to call the Citigroup downturn when everyone was laughing at her. A few months ago she downgraded Wachovia Bank ( WB ). Meredith still thinks that Citigroup must cut their dividend because they are raising so much capital....why would they pay out to investors when they are raising capital? It doesn't make sense.
Meredith Whitney does not think the worst is over. She will be on the cover of Forbes Magazine either this month or next...
Those of you that don't know about Meredith Whitney, she was one of the first to call the Citigroup downturn when everyone was laughing at her. A few months ago she downgraded Wachovia Bank ( WB ). Meredith still thinks that Citigroup must cut their dividend because they are raising so much capital....why would they pay out to investors when they are raising capital? It doesn't make sense.
Meredith Whitney does not think the worst is over. She will be on the cover of Forbes Magazine either this month or next...
Pre Market Stock Action 8-04-08 ELN
This morning we don't really have anything exciting going on.....the markets are down slightly.
The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.
Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.
Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!
The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.
Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.
Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!
Friday, August 1, 2008
Jobs Report
We lost 51,000 jobs, unemoloyment rate is now 5.7
This was better then expected on the jobs front
This was better then expected on the jobs front
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