Fast Money CNBC 4/13/09 April 13, 2009

Fast Money is starting a show called Halftime Report on CNBC which runs about 9 minutes during the afternoon trading session. Below is a summary of what they discussed today!

Fast Money CNBC Halftime Report - April 13, 2009

Guy Adami

Financials: They are just in continuation mode, they can continue to run, I like financials, like the S&P up to 900
Goldman Sachs ( GS ) - I'd be a buyer on dips
Johnson & Johnson ( JNJ ) - Stock is attractive, buy on dips

John Najarian:

Goldman Sachs ( GS ) has some of the best traders on Wall Street, I am cautious for earnings tomorrow due to the runup. I am a buyer on dips. Wait for two days until now to buy
Oil: I think it will pull back into the mid to low $40's

Dennis Gartman:

Financials: I am also bullish on the financials - can't be short financials
Oil: I am a little concerned about the crude oil market, contango is coming back, a lot of oil supply out there.

Carter Worth

Financials: The financials are just starting to move higher
Oil: Buy names like Schlumberger Limited (SLB)
Intel ( INTC ) - Technology has led the way, buy Intel ahead of earnings.

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Stock Market April 14, 2009 4/14/09

We are half way through the day on April 13, 2009. The Stock Market has been red all day partly due to profit taking from last week. Wall Street does not seem to like the General Motors ( GM ) bankruptcy news as it becomes more evident this will be the likely path. Shares of General Motors are trading at $1.70, down 16%. Shares of Ford ( F ) aren't budging today, flat at $4.24.

The financials are red hot for the 2nd straight day due to the Wells Fargo earnings news out last Thursday. For a brief moment today, shares of the Financial Bull 3x ( FAS ) ETF were worth more then shares of the Financial Bear 3x ( FAZ ). Since closing over the 50 day moving average, FAS has been on fire!

Watching: Agfeed Industries ( FEED ) - Huge breakout on heavy volume Monday. If you can recall, FEED reported outstanding earnings last quarter! I have my own personal price target of $5-$7 by 2010.

Stock Market April 14, 2009

Earnings Reports due out in the morning:

Goldman Sachs GS 4/14 8am 1.10EPS

Johnson & Johnson JNJ 4/14 8am 1.22EPS

W.W. Grainger GWW 4/14 8am 1.08EPS

Fastenal FAST 4/14 8am .34EPS

As the above earnings releases start to trickle in, we will then be hit with some economics data.

PPI, Core PPI at 8:30am
Retail Sales at 8:30am
Business Inventories at 10:00am

We then have a few earnings reports due out after the bell.

CSX Corp CSX 4/14 4pm .57EPS

Intel INTC 4/14 4pm .02EPS

I will post my stocks to watch list later today, Right Here

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Biggest Stock Gainers 4/13/09 April 13, 2009

Today, April 13, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009.You can find yesterday's Top Gainers Report Right Here

Hot Stocks 4/13/09 - Biggest Gainers Today

AgFeed Industries, Inc. (FEED) - $2.88 Up 19.50% - Jim Rodgers was on Bloomberg last night saying bullish things about China's AG business.

City Bank (CTBK) - $3.61 Up 16.45% - No News

Dendreon Corp. (DNDN) - $7.26 Up 15.24% - Can't find any news, Investors taking positions before highly anticipated Provenge release later this month.

Monster Worldwide, Inc. (MWW) - $11.98 Up 14.18% - MWW upgraded by William Blair - Outperform Rating

Gannett Co., Inc. (GCI) - $4.38 Up 16.80% - No News

RSC Holdings, Inc. (RRR) - $5.76 Up 10.98% - Infrastructure spending could boost RSC - Barron's

Fifth Third Bancorp (FITB) - $3.95 Up 10.61% - No News, up with the financials

Citigroup ( C ) - $3.38 Up 11.18% - Breaking through resistance at $3.35 and so far, holding. A close over $3.35 would be huge

Las Vegas Sands ( LVS ) - $4.99 Up 12.39% - Going Up on MGM article.

MGM Mirage ( MGM ) - $6.05 Up 14.15% - Dubai World offers MGM plan to save City Center - WSJ

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Hot Penny Stocks 4/13/09 April 13, 2009

Today, 4/13/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here

Penny Stock Gainers - April 13, 2009

Proliance International, Inc. (PLI) - $0.32 Up 45.09% - No News

Borders Group, Inc. (BGP) - $1.49 Up 28.45% - No News

China Architectural Engineering, Inc. (CAEI) - $1.25 Up 23.76% - No News

American International Group ( AIG ) - $1.32 Up 13.79% - Up with the financials today

Maguire Properties Inc. (MPG) - $1.20 Up 33.33% - Which companies are the top hedge funds chasing?

La Jolla Pharmaceutical Co. (LJPC) - $0.18 Up 18.74% - No News

Spansion Inc. (SPSN) - $0.21 Up 8.05% - No News, still going up from last weeks news.

BankUnited Financial Corporation (BKUNA) - $0.31 Up 16% - No News

Jamba, Inc. (JMBA) - $0.66 Up 15.77% - Jamba Juice Kicks off School Bananananza '09--Giving Back to Schools, One Smoothie at a Time.

General Growth Properties Inc. (GGP) - $1.10 Up 15.79% - No News

Converted Organics Inc (COIN) - $0.93 Up 20.52% - No News

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Dendreon DNDN Stock April 13 2009 4/13/09

Shares of Dendreon ( DNDN ) are soaring in pre market trading this morning hitting $9.00 at one point on no news. Well, I assume news was leaked because I cannot find DNDN news anywhere. What I think is happening is news has been confirmed that Dendreon will release data at the American Urological Association (AUA) conference at the end of the month. I'm sure some kind of news will be released later in the day stating this.

Click Here for my previous article on DNDN

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GE Stock Analysis 4/13/09 April 13, 2009

The following is technical analysis of General Electric ( GE ) stock for April 13, 2009.

GE Support & Resistance Levels - 4/13/09

Resistance Levels: $11.00, $11.35

Support Levels: $10.49, $10, $8.50, $8

http://stockcharts.com - Chart

GE stock continues to bounce off the 10 day moving average, this is a sign of great strength. Pullbacks to the 50 day moving average now become even more attractive. Since the 10 day is trading above the 50 day moving average, multiple closes below both moving averages for General Electric will result in more downside risk. This makes $10 a critical support level. The next major resistance level GE has to clear would be the February high of $12.53. A close above this level would set up a nice run back to $15. For More Technical Analysis - Go Here

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Dow Jones Futures 4/13/09 Stock Market Futures

How will the stock market open on Monday - April 13, 2009? The Dow Jones and Stock Market Futures are pointing to a mixed open for pre market. Check out technical analysis for April 13.

Stock Market Futures 4/13/09 - Pre Market Trading - Updated 7:20am EST

Dow Jones Futures - Down 72.25
S&P 500 Futures - Down 7.00
Nasdaq Futures - Down 9.75
Nikkei - 8924.43 Down 39.68
Oil Futures - 50.96
Gold Futures - 888

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FAS - FAZ Stock Analysis April 13, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/13/09. Knowing the support and resistance levels of FAS will help you trade FAZ

Fas Support and Resistance Levels - April 13, 2009

Resistance Levels: $9.00

Support Levels: $7.80, $7.00

http://stockcharts.com - Chart

Fas stock broke out to the upside with the positive Wells Fargo earnings news. FAS was able to break up through that stubborn $7.80 resistance and ended up rallying hard at the end of the day. Support is now between $7.80-$8.00 per share. Pullbacks to this area will be met with many buyers. A close back below $7.80 would be very bearish and I will be buying FAZ stock.
So, how high can FAS go? There will be some tough resistance between $9.00-$9.30, a close above this area would take FAS to test $10.00. Next stop would be $11.75 if the buyers can push FAS through $10. For More Technical Analysis - Go Here

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Citigroup C Stock 4/13/09 April 13, 2009

The following is a little Citigroup ( C ) stock technical analysis for April 13, 2009

Citigroup Support & Resistance Levels - 4/13/09

Resistance Levels: $3.35, $3.89

Support Levels: $3.00, $2.89

http://www.stockcharts.com

Citigroup stock gapped up over the $2.89 resistance level, came back to test it, and then closed over $3.00. This is very bullish and I will be jumping in Citi if it can remain over $3.00 for most of the morning on Monday. Pullbacks into the $2.90's can be bought with a stop at $2.88. A break above the $3.08 will start the run to test $3.35. Thursday's breakout will now get me to buy pullbacks to the 10 and 50 day moving average $2.61-$2.70 using a stop at $2.59. I'm not ready to commit for the long term yet and will be out of this stock by April 17 earnings. For More Technical Analysis - Go Here

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Wells Fargo WFC April 13, 2009 4/13/09

The following is stock analysis of Wells Fargo ( WFC ) for 4/13/09

Wells Fargo Support and Resistance Levels - April 13, 2009

Resistance: $19.60, $21.06, $22.50

Support: $17.50, $16

http://stockcharts.com/ - Chart

Wells Fargo WFC Stock exploded higher on earnings news out during pre market on Thursday. The previous resistance level of $17.50 was gapped over. The technicals are almost perfect here, we saw a huge gap near $20, a sell-off during the morning, testing $17.50, and then a rebound back toward the highs. $17.50 from here on out becomes a critical support level. A close below $17.50 and I would be a seller of WFC. On the upside, I don't see any major resistance until $21.06 and then $22.50. I am also monitoring the 200 day moving average at $24.57. Pullbacks should be bought! Jim Cramer was on CNBC during the afternoon of 4/9/09 and said WFC could eventually trade to $26 based on future earnings. For More Technical Analysis - Go Here

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