Went long on both stocks this morning.....target $55-$58 in the coming weeks....it all depends on Natural Gas right now...so I'm picking a short term bottom but it could fall further possibly to $9.
I will add on these two below $50 each.
Wednesday, July 23, 2008
Earnings Tonight : Baidu BIDU, Amazon AMZN, CMG
Tonight is another action filled earnings lineup. Baidu.com, Amazon.com, and Chipotle Mexican Grill step up to the plate.
I will be watching Baidu.com the most as there is a report out today stating that Baidu has taken even more market share from Google in China. This would be huge. I will also be watching to see how Baidu Japan is doing.
Nutrisystem NTRI also reports earnings tonight....this could be a day traders delight!
I will be watching Baidu.com the most as there is a report out today stating that Baidu has taken even more market share from Google in China. This would be huge. I will also be watching to see how Baidu Japan is doing.
Nutrisystem NTRI also reports earnings tonight....this could be a day traders delight!
Tuesday, July 22, 2008
Wachovia Bank WB - Caterpillar CAT Earnings
This morning we have had a number of earnings reports come out.
Wachovia Bank WB: had a wider then expected loss and cut their dividend to 5Cents from 37 cents. WB is trading in pre market $12.10 down 7.5%
I will note this on Wachovia.....about a month ago the Fast Money Guys told viewers not to buy Wachovia Bank until they cut their dividend....and today they did just that. Guy Adami on Fast Money told viewers to wait until WB trader 125 million shares on a down day to get long. Today could be the day you may want to get long.
Caterpillar CAT: reported solid earnings this morning $1.74 per share vs $1.54....stock is up 3% in pre market.
Brocade BRCD is buying Foundry Networks FDRY
Tonight keep your eye in ISRG earnings.....that stock moves bigtime!
Apple AAPL is down 10.50% at $148.70......I'm looking for $145 or lower and then I think it would be an interesting buy. The problem I have is all the good news is out.....your going to have three months of people questioning earnings and Steve Jobs health...no new products....rebate checks are done for the most part. I am hesitant to buy here. Just my opinion!
Wachovia Bank WB: had a wider then expected loss and cut their dividend to 5Cents from 37 cents. WB is trading in pre market $12.10 down 7.5%
I will note this on Wachovia.....about a month ago the Fast Money Guys told viewers not to buy Wachovia Bank until they cut their dividend....and today they did just that. Guy Adami on Fast Money told viewers to wait until WB trader 125 million shares on a down day to get long. Today could be the day you may want to get long.
Caterpillar CAT: reported solid earnings this morning $1.74 per share vs $1.54....stock is up 3% in pre market.
Brocade BRCD is buying Foundry Networks FDRY
Tonight keep your eye in ISRG earnings.....that stock moves bigtime!
Apple AAPL is down 10.50% at $148.70......I'm looking for $145 or lower and then I think it would be an interesting buy. The problem I have is all the good news is out.....your going to have three months of people questioning earnings and Steve Jobs health...no new products....rebate checks are done for the most part. I am hesitant to buy here. Just my opinion!
Monday, July 21, 2008
Apple AAPL Earnings Steve Jobs
Where was Steve jobs on the Conference Call? Hes never really on a conference call....but an analyst asked if there was anything wrong with Steve Jobs health and the CFO said Steve Jobs health is a private matter.
A private matter? He is the face of the company.....he is the Warren Buffet of Apple.
Apple stock is plunging afterhours to $148. I have in my technical chart from the weekend that there is support at $145......but given the plunge....I'm waiting this one out!
A private matter? He is the face of the company.....he is the Warren Buffet of Apple.
Apple stock is plunging afterhours to $148. I have in my technical chart from the weekend that there is support at $145......but given the plunge....I'm waiting this one out!
7/21 Pre Market Stock Gainers, DNA, FNM, FRE, ABK
This morning the Pre Market Gainers in the Stock Market are going to be:
DNA
FRE
FNM
ABK
WM
BAC
DNA is getting a buyout offer, Bank of America reported better then expected earnings, Fannie Mae and Freddie Mac are going up in sympathy to B of A.
Other Pre Market News.... Carl Ichan has been accepted to the Yahoo( YHOO ) board.
DNA
FRE
FNM
ABK
WM
BAC
DNA is getting a buyout offer, Bank of America reported better then expected earnings, Fannie Mae and Freddie Mac are going up in sympathy to B of A.
Other Pre Market News.... Carl Ichan has been accepted to the Yahoo( YHOO ) board.
Roche buying DNA Genentech
Roche has offered to buy the rest of Genentech DNA for 43.7 Billion dollars. As you might know already, Roche already owns a 55.9 percent stake in DNA.
The Swiss drug maker Roche is offering $89 per share for the remaining DNA shares.
Genentech is trading above $96 in pre market so far this morning so it looks like their could be a taken over battle here. The market is pricing in a higher takeover price.
On another note, Merck MRK is postponing earnings until tonight at 4pm.
The Swiss drug maker Roche is offering $89 per share for the remaining DNA shares.
Genentech is trading above $96 in pre market so far this morning so it looks like their could be a taken over battle here. The market is pricing in a higher takeover price.
On another note, Merck MRK is postponing earnings until tonight at 4pm.
Saturday, July 19, 2008
Earnings: 7/21 Apple AAPL CME
Next week is going to be a very busy earnings week. The drug make Merck kicks things off early Monday morning with expected earnings to be .83 cents per share.
Apple Computer also reports after the bell Monday....estimates are for AAPL for report $1.08 per share. I'm thinking they should come in at around $1.15. Anything less then this for me is a big disappointment. If Apple would miss $1.08, you would see it trade quickly into the $150's. Just look what they did to Google ( GOOG ). Google came in with $4.63 vs $4.74. This is equivalent to a company coming in with earnings of $1.54 when $1.58 was expected. It is very cut throat out there right now, especially with " safe haven " technology stocks. The market will kill a stock when they miss.
Moving on.......
One stock to watch Tuesday morning is CME Group( CME ). This stock has gotten absolutely obliterated over the past six months due to the government wanting to step in and regular the commodities exchanges. ICE is another one that is taking a beating because of this. If they report a solid number....look for this stock to move up in a big way. Analysts are looking for .43 cents per share on CME Group
More 7/22 Earnings - VMW, YHOO, ISRG
Tuesday 7/23 Earnings - Watch Baidu.com, one of my favorite Internet companies for the future. Expecting .96 cents per share. BIDU trades at a VERY high premium but you are paying for growth. In this type of market, if a company like this down not beat earnings every quarter the market will kill it. Look at what they did to MELI over the past two months. Watch BIDU closely.
Also, Amazon.com AMZN reports earnings.
Apple Computer also reports after the bell Monday....estimates are for AAPL for report $1.08 per share. I'm thinking they should come in at around $1.15. Anything less then this for me is a big disappointment. If Apple would miss $1.08, you would see it trade quickly into the $150's. Just look what they did to Google ( GOOG ). Google came in with $4.63 vs $4.74. This is equivalent to a company coming in with earnings of $1.54 when $1.58 was expected. It is very cut throat out there right now, especially with " safe haven " technology stocks. The market will kill a stock when they miss.
Moving on.......
One stock to watch Tuesday morning is CME Group( CME ). This stock has gotten absolutely obliterated over the past six months due to the government wanting to step in and regular the commodities exchanges. ICE is another one that is taking a beating because of this. If they report a solid number....look for this stock to move up in a big way. Analysts are looking for .43 cents per share on CME Group
More 7/22 Earnings - VMW, YHOO, ISRG
Tuesday 7/23 Earnings - Watch Baidu.com, one of my favorite Internet companies for the future. Expecting .96 cents per share. BIDU trades at a VERY high premium but you are paying for growth. In this type of market, if a company like this down not beat earnings every quarter the market will kill it. Look at what they did to MELI over the past two months. Watch BIDU closely.
Also, Amazon.com AMZN reports earnings.
Friday, July 18, 2008
New Blog for Blackberrystocks.com
This is the new blog for Blackberrystocks.com
The original blog will be deleted in a week. This will help me get national exposure and combine all my blogs into one page.
The original blog will be deleted in a week. This will help me get national exposure and combine all my blogs into one page.
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