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
Friday, August 22, 2008
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
Wednesday, August 20, 2008
Fast Money Recap 8/20/08 - CNBC Fast Money Stock Picks August 20th, 2008 - Jeff Mackie, Guy Adami, Joe Terranova, John Najarian
Fast Money Stock Picks 8/20/08
Jeff Mackie
Target TGT: I don't think you can buy this stock yet
Guy Adami
US Steel X: I like this stock
Boyd Gaming BYD: They squeezed out the shorts and now its back down
Target TGT: I think you can buy Target here...cheaper then Wal Mart
Joe Terranova
Coal goes higher, natural gas goes lower
AAPL, RIMM: I'm long Apple and Research in Motion until the end of the year
.
John Najarian
BRCM, AAPL, NVDA: These stocks are working, stick with them
Gene Munster: Apple AAPL: The valuation is still to low for Apple...new things coming in September with maybe Mac products. We count macs, iphones selling in stores and everything seems to be in line.s to be in line.
Jeff Mackie
Target TGT: I don't think you can buy this stock yet
Guy Adami
US Steel X: I like this stock
Boyd Gaming BYD: They squeezed out the shorts and now its back down
Target TGT: I think you can buy Target here...cheaper then Wal Mart
Joe Terranova
Coal goes higher, natural gas goes lower
AAPL, RIMM: I'm long Apple and Research in Motion until the end of the year
.
John Najarian
BRCM, AAPL, NVDA: These stocks are working, stick with them
Gene Munster: Apple AAPL: The valuation is still to low for Apple...new things coming in September with maybe Mac products. We count macs, iphones selling in stores and everything seems to be in line.s to be in line.
Dow Jones Technical Analysis 8/20/08 - Dow Jones Industrial Average Analysis August 20th, 2008
Yesterday ( 8/19 ) the DOW broke a key support of 11,400 on a closing basis. We will have to see what happens today ( 8/20 ). 11,400 on the DOW held several weeks ago and now has been violated. Look at the Dow Chart , It seems as though the next support levels are 11,200 and 11,125.
A break below these levels and we could go back to test the July 15th, 2008 lows of 10,827 on the Dow. Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
For now you have to buy the dips and sell the rips....as we are still deep bear market. When we close above that 11,867 you might not want to sell the rips anymore but add on the dips. Closing above 11,867 level would be a nice trend reversal. and could be a signal that the July 15th lows are indeed the bottom.
A break below these levels and we could go back to test the July 15th, 2008 lows of 10,827 on the Dow. Keep an eye on resistance levels of 11,698 and 11,867. If we close above these levels it will be very bullish.
For now you have to buy the dips and sell the rips....as we are still deep bear market. When we close above that 11,867 you might not want to sell the rips anymore but add on the dips. Closing above 11,867 level would be a nice trend reversal. and could be a signal that the July 15th lows are indeed the bottom.
Tuesday, August 19, 2008
Hot Stocks - 8/19/08 Biggest Stock Gainers - CLR, HYGS, PDO - Nasdaq, nyse
Todays Hot Stocks - Nasdaq, NYSE - Stock Gainers in the Stock Market
8/19/08 Biggest Gainers
NBF $.37 +23.33%
DNE $1.00 +17.65%
HYGS $1.34 +16.52%
GNLB $.50 +16.28%
PDO $13.75 +15.74%
THK $.50 +13.64%
EEE $1.82 +13.04%
NMGC $.39 +11.43%
WCG $42.28 +10.56%
CSUN $9.97 +10.17%
DSUP $2.53 +10.00%
GDP $51.05 +9.95%
CRK $60.15 +9.62%
CLR $47.55 +9.21%
See also
Top 2008 Stocks YTD
8/19/08 Biggest Gainers
NBF $.37 +23.33%
DNE $1.00 +17.65%
HYGS $1.34 +16.52%
GNLB $.50 +16.28%
PDO $13.75 +15.74%
THK $.50 +13.64%
EEE $1.82 +13.04%
NMGC $.39 +11.43%
WCG $42.28 +10.56%
CSUN $9.97 +10.17%
DSUP $2.53 +10.00%
GDP $51.05 +9.95%
CRK $60.15 +9.62%
CLR $47.55 +9.21%
See also
Top 2008 Stocks YTD
CNBC Fast Money Recap 8/19/08 August 19th - Lehman ( LEH ) Jeff Mackie, Pete Najarian, Joe Terranova, Karen Finnerman
Fast Money Stock Picks 8/19/08
Jeff Mackie
Financials: There is no reason to be long financials right now except for a trade
Leh Lehman: They will have to raise money again and its going to be bad for the stock
Oil: Just a bounce back rally today
Cosco: I took the opportunity to sell today
Joe Terranova
AIG - LEH: Today its AIG and Lehman causing problems....bought some AIG puts to protect myself
Oil: If oil trades below $100 opec will cut production
HD - Home Depot: A close below the below the 200 day moving average, you will want to get out of this stock
Zack Karabell
Lehman LEH: Lehman has problems today
Pete Najarian
LEH: Lehman is the story of the day...the stock has come from the $17's to the $13's. At some point its the right time to buy, but not right now.
AIG: Very high risk trade right nowOIH: If this stock goes below $180 keep an eye on it!
Karen Finnerman: I am focusing on the financials...FRE Freddie Mac raising capital today..very expensive paper! Credit spreads are widening...above the March highs and there isn't even panic. Looking to short more of the banks!
Jeff Mackie
Financials: There is no reason to be long financials right now except for a trade
Leh Lehman: They will have to raise money again and its going to be bad for the stock
Oil: Just a bounce back rally today
Cosco: I took the opportunity to sell today
Joe Terranova
AIG - LEH: Today its AIG and Lehman causing problems....bought some AIG puts to protect myself
Oil: If oil trades below $100 opec will cut production
HD - Home Depot: A close below the below the 200 day moving average, you will want to get out of this stock
Zack Karabell
Lehman LEH: Lehman has problems today
Pete Najarian
LEH: Lehman is the story of the day...the stock has come from the $17's to the $13's. At some point its the right time to buy, but not right now.
AIG: Very high risk trade right nowOIH: If this stock goes below $180 keep an eye on it!
Karen Finnerman: I am focusing on the financials...FRE Freddie Mac raising capital today..very expensive paper! Credit spreads are widening...above the March highs and there isn't even panic. Looking to short more of the banks!
Apple ( AAPL ) Chart: Technical Analysis of Apple ( AAPL ) August 19th, 2008
This morning I have updated my Apple ( AAPL ) technical analysis stock chart. Apple has had a nice run....back up close to the resistance levels of $183. Apple ( AAPL ) has strong support at the 200 day moving average.
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