Daily market analysis -AMC 01/05/09
May 1, 2009 by K H Ooi
Filed under Uncategorized
Yestersday market close at a bearish spinning top,lol,getting more accuracy,haha miss my target slightly
Other Market Moving Factors:
• Sellers rally around energy and financial stocks.
• Deluge of earnings reports hits news wires; results generally better than expected.
• Weekly initial jobless claims not quite as bad as expected, but continuing claims climb more than expected to a record high.
April 30, 2009 by K H Ooi
Filed under Uncategorized
Earnings for Thursday 30 April 2009:
FLWS , EYE , ATG , LNT , APU , APA , AWI , ARTG , ASH , AACC , AZN , ATN , BLC , BIOS , BWA , BC , BW , BBW , CACH , CCC , CALP , CPLA , CRR , CAH , CBZ , CDI , CELG , EDC , CTL , GTLS , CI , CINF , CMS , CL , CMCSA , CITP , COCO , COV , CRY , CMI , DLR , DXYN , D , DPZ , DDE , DVD , DOW , EK , ELMG , NPO , ENTG , EQT , ETH , EXPE , XOM , FAF , FORR , GM , GLS , GTIV , GEO , GTI , HS , HTV , HPY , HP , HOS , HURN , ICON , ICTG , IFLO , IPCC , IFF , IP , ITG , IWA , IRM , KBR , KSU , K , KIM , LB , LANC , LFUS , LKQX , ERIC , LOJN , LZ ,
MHO , CLI , MGLN , MGA , MRO , HZO , MSO , MBFI , MEA , MFA , MDS , MSA , MOT , MWIV , MYL , NNN , BABY , TNDM , NWL , NEM , NBL , NOVA , NRG , NUS , NS , NYX , OMX , OHI , OCR , OSK , OSIS , OC , PMTI , PTEN , PCCC , PEI , PPCO , PTEC , POZN , PDE , PG , QCCO , QUIX , RYN , RGC , RRI , REV , SWY , SEPR , SHPGY , SLGN , SNN , SPNC , SPR , HOT , STRA , TSM , TEN , TBL , TRV , TWP , TRW , TYC , UGI , ULBI , VCI , VIA.B , VIP , WSO , WPI , WMAR , WST , WMB , WPZ , XEL , APKT , ACTU , ACS , AXB , AMAG , ACAP , ANEN , NLY , AMCC , ARBA , ALC , ATHN , ATO , AVNX , BGFV , BMRN , BLKB , BPL , CAB , CAP , CLMS , ELY , CALD , CPT , BEAT , CBEY , CEC , CQB , CHH , FIX , RIO , CML , SCOR , CVTI , CW , PROJ , XRAY , DLB , BOOM , ERES , ESLR , FARO , FR , FISV , BGC , GXDX , GPRO , GFIG , GOL , HNSN , HIG , HVT , HMN , IDEV , IM , IDTI , TEG , IN , ITMN , LCRD , LQDT , MTW , MXIM , MFE , MET , MTD , MCHP , MCRS , MSTR , MIPS , MORN , MRT , NANO , NFG , NETL , NTCT , N , NR , NTLS , ORH , ASGN , ORCC , PCTI , PKI , PDGI , PMC , QLGC , RADS , RSG , SONE , SQNM , SWIR , SSD , FIRE , STNR , TLEO , TTGT , TWLL , TK , TSYS , TSRA , THOR , TGI , TTMI , UNCA , UDRL , USTR , VSEA , VPRT , VNUS , VLCM , WYNN , ZIGO
Economic Events for Thursday 30 April 2009
08:30 Initial Claims
08:30 Personal Income
08:30 Personal Spending
08:30 Employment Cost Index
09:45 Chicago PMI
Daily Market Analysis 29/04/09-AMC
April 30, 2009 by K H Ooi
Filed under Uncategorized
[BRIEFING.COM] S&P futures vs fair value: +12.10. Nasdaq futures vs fair value: +20.00. Approximately 150 companies are scheduled to report their latest quarterly results this morning. Thus far, earnings per share results have generally been better-than-expected, helping to prop up stock futures. Dow componentProcter & Gamble (PG) generated $0.84 per share for its latest fiscal quarter. The earnings results were $0.04 better than the consensus of $0.80 per share. The company indicated it is comfortable with analysts’ current consensus earnings per share estimate of $4.22 per share for the company’s fiscal year. Shares of PG are up 2.1% to $51.49 per share in premarket action. Peer Colgate-Palmolive (CL) generated earnings of $0.97 per share during the first quarter. Analysts, on average, were looking for just $0.96 per share. The company expressed that it is comfortable with external profit expectations for the second quarter and the year; the current second quarter consensus stands at $1.05 per share, while the full-year consensus stands at $4.21 per share. Shares of CL are up nearly 2.2% to $61.00 per share ahead of the opening bell. Last evening, Visa (V) announced earnings of $0.73 per share for its second fiscal quarter. The consensus called for $0.64 per share. Visa sees annual adjusted diluted common stock earnings per share growth exceeding 20%. Shares of V are up nearly 1.9% to $64.74 per share in premarket trading. At the bottom of the hour, participants will turn their attention to the latest jobless claims data. Personal income and spending data for March are scheduled to be released simultaneously. Price level vs. 4 pm ET: Participants shrugged off a worse-than-expected GDP reading to hand stocks their best single-session gain in one week. Financial stocks led the charge and helped keep the broader market in the green for the entire session. Nine of the 10 major sectors finished higher. Financial stocks tacked on 4.8%, more than any other sector. Telecom stocks failed to participate in the advance; they ended the session with a loss of 0.5%. A modestly downward bias is indicated by stock futures in after-hours trading. S&P 500 futures, which currently trade at 869.10, trail fair value by roughly two points. Nasdaq 100 futures, which currently trade at 1378.50, trail fair value by approximately four points.
-0.21 Approximately 150 companies are scheduled to announce their latest quarterly results ahead of tomorrow morning’s opening bell. Weekly jobless claims data and March personal spending figures are due early on as well.
Market is Closed
Visa (V)
63.30
(-0.3%)V generated earnings of $0.73 per share for its fiscal second quarter. The consensus called for $0.64 per share. The company’s revenue advanced 13% year-over-year to $1.65 billion, which was generally in step with the $1.61 billion that wa
s widely expected. V affirmed its financial outlook as it expects annual net revenue growth to come in at a high single-digit rate in 2009, and at the lower end of the 11% to 15% range in 2010. V sees annual adjusted diluted common stock earnings per share growth exceeding 20%.
April 28, 2009 by K H Ooi
Filed under Uncategorized
CAS , AG , AMB , AMFI , AMED , ECOL , AM , AXE , ARM , AVY , BDX , BMS , BCO , BMY , CRS , CE , CNC , CRDN , CCE , CVG , CPO , CVH , DIN , ELNK , ECL , EME , EVVV , FMD , FMER , FPL , BEN , FDP , GKSR , GPI , HCP , HL , HSII , HSP , ICLR , IPG , KELYA , KLIC , LDR , LAZ , LCAV , LVLT , LECO , MHP , NXY , NWPX , ODP , OXPS , ORB , GLT , PCAR , PMTC , MALL , PCZ , PFE , PCH , QLTI , COL , RTI , SMG , SSW , SBNY , SAH , SPAR , STFC , TECH , TFX , TLAB , TPP , X , UA , VLO , VSH , WDR , WAT , ACE , ACTL , ADVS , ATAC , ACLI , ANAD , AJG , BLDP , BBSI , BEC , BTUI , BKI , BWLD , COG , CRI , CBI , CERN , CTV , CCUR , CSGS , CTS , DAC , DBTK , DWA , ETFC , EGP , EHTH , EAC , ENTU , FALC , FIS , HTZ , HTCH , JLL , KEYN , LIFE , MEE , MRCY , MMSI , MEOH , MPWR , NLC , NATI , NAL , PNRA , PEET , PFWD , PRAA , PSYS , QCOR , RSYS , RRC , RFMD , RCKY , SBX , SMTL , SSTI , SRCL , SUMT , SUNH , JAVA , SPN , SDXC , TSS , TRMB , TRMK , ULTI , USNA , VFC , VIGN , VISN , WTS , WBSN , ZRAN Economic Events for Tuesday 28 April 2009
10:00 Consumer Confidence
10:00 S&P/CaseShiller Home Price Index
Daily Market Anaylsis 27/04/09 AMC
April 28, 2009 by K H Ooi
Filed under Uncategorized
Other Market Moving Factors:
• Participants focus on earnings and analyst commentary in absence of economic data
Daily Market analysis 24/04/09 BMO
April 24, 2009 by K H Ooi
Filed under Uncategorized
“Geithner: Global economy on the mend” : http://money.cnn.com/2009/04/23/news…ion=2009042320 “Ford loses $1.4 billion” : http://money.cnn.com/2009/04/24/news…ion=2009042408 “American Express profits tumble 56%” : http://money.cnn.com/2009/04/23/news…ion=2009042319 “Stocks set for higher open” : http://money.cnn.com/2009/04/24/mark…ion=2009042408 Support:7800,7920 Resistance:8025,8180 Remarks:Today will be most likely up toward 8100,and upward richshawman doji show on $compx,which show today will be likely bullish candle.
Daily Market Analysis AMC-23/04/09
April 24, 2009 by K H Ooi
Filed under Uncategorized
[BRIEFING.COM] For the second straight session, the S&P 500 encountered resistance at the 850 level in the final hour of trading, but this time buyers responded by bidding shares higher to help the stock market to close just above 850 at its best level of the session. Financials were integral to the late rebound.
Financial stocks outperformed the broader market for the entire session and provided leadership to the stock market’s late-session advance. The sector closed with a 4.5% gain, thanks largely to an 8.4% bounce by diversified bank stocks.
Bank stocks bounded as participants prepare for the Treasury’s announcement regarding bank stress test measures. The announcement is scheduled for tomorrow, but actual stress test results won’t be released until May 4.
With actual results of the tests still unknown, some investors are treating regional bank stocks with caution. Such caution caused regional bank stocks to trade as laggards in the financial sector for much of the session. Still, they finished 3.2% higher as PNC Financial (PNC 40.93, +2.87) garnered support after reporting better-than-expected earnings.
Better-than-expected earnings results from Apple (AAPL 125.40, +3.89), eBay (EBAY 16.62, +1.82), andConocoPhillips (COP 39.93, +1.87) actually supported a stronger overall bias ahead of the opening bell. Disappointing earnings and guidance from UPS (UPS 53.33, -1.42) and Nucor (NUE 40.00, -4.07) did little to disrupt the early, positive tone.
However, stocks reversed early gains and spent the rest of the morning trading in choppy fashion after participants found out that existing home sales for March fell 3.0% month-over-month to an annualized rate of 4.57 million. Annualized home sales for March were expected to total 4.65 million units. At the current sales pace, the supply of unsold homes increased to 9.8 months from 9.7 months.
In other economic news, initial claims for the week ending April 18 were up 27,000 from the prior week to 640,000, which is spot on with expectations. Continuing claims advanced to another record high of 6.14 million.
Tomorrow’s economic calendar features March durable goods orders data and new home sales data for March.3M (MMM 54.21, +1.15), Ford (F 4.49, +0.21), and Honeywell (HON 32.38, +0.69) are among the more widely held companies due to report their quarterly earnings results tomorrow morning before the opening bell.
..Nasdaq 100 +0.7%. ..S&P Midcap 400 -0.4%. ..Russell 2000 -0.9%.
Price level vs. 4 pm ET: For the second straight session, the S&P 500 encountered resistance at the 850 level in the final hour of trading, but this time buyers responded by bidding shares higher to help the stock market to close just above 850 at its best level of the session.Financials were integral to the late rebound. The sector outperformed the broader market for the entire session and saw its strongest gains come in the final minutes of trading. Financials closed with a gain of 4.5%.
A flat-to-upward bias is indicated in after-hours trading. S&P 500 futures, which currently trade at 850.90, lead fair value by little more than one point. Nasdaq 100 futures, which currently trade at 1348.50, lead fair value by six points.
Things to be aware:
3M (MMM), Honeywell (HON), and Ford (F) are scheduled to announce quarterly results ahead of Friday’s opening bell.
Meanwhile, durable goods orders for March are due at 8:30 AM ET, followed by new home sales for March at 10:00 AM ET.
Daily market analysis BMO 23/04/09
April 23, 2009 by K H Ooi
Filed under Uncategorized
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“Obama in credit card face-off” : http://money.cnn.com/2009/04/23/news…ion=2009042303
“Apple gets huge iPhone boost” :
http://money.cnn.com/2009/04/22/tech…ion=2009042219“Stocks set to advance” :
http://money.cnn.com/2009/04/23/mark…ion=2009042307Daily market analysis AMC 21/04/09
April 22, 2009 by K H Ooi
Filed under Uncategorized
[BRIEFING.COM] Uninspired by the latest batch of earnings announcements, bulls initially yielded control of stocks to sellers for the second straight session. However, the early decline in stocks compelled buyers looking for more attractive entry prices to move in and offer their support. That helped stocks rebound midmorning and climb higher for the rest of the session. Financials attracted the most support. The sector was down more than 1% in the early going, but finished with an 8.2% gain at its best levels of the session. Buying in the sector was broad-based, but US Bancorp (USB 19.27, +3.33) provided some of the most positive influence to diversified banks (+13.6%) and the overall financial sector after it reported better-than-expected first quarter earnings. Meanwhile, Regions Financial (RF 6.14, +0.34) attracted buyers into regional banks (+6.9%) after holding an upbeat conference call. The stock was initially sent lower after the company announced a small profit for the latest quarter. Shares of RF swung nearly 28% from their session low to their closing price. Buying among financials also helped lift investment services stocks. State Street (STT 36.15, +5.50) surged after topping earnings estimates, but even Bank of New York (BK 27.98, -0.05) and Northern Trust (NTRS 56.17, -1.98) were able to pare losses after both falling short of analysts’ expectations. Semiconductors (+3.3%) were supported when Texas Instruments (TXN 17.11, -0.21) reported better-than-expected results and indicated that demand has begun to stabilize. Dow components IBM (IBM 102.31, +1.88), Coca-Cola (KO 43.09, -1.24), Caterpillar (CAT 31.39, +0.91), DuPont(DD 28.06, +1.32), Merck (MRK 23.54, -1.68), and United Technologies (UTX 47.99, +2.18) all issued quarterly results for participants to digest. The results were generally mixed, leaving the blue chip average to trail the other headline indices for virtually the entire session. Still, the Dow managed to close with a solid gain. Small-cap stocks saw some of the strongest gains. The Russell 2000 Small-Cap Index tacked on 3.9% this session. Emulex (ELX 9.70, +3.09) was a primary leader among small-cap stocks. Its gain came after the company received an offer from Broadcom (BRCM 20.52, -1.27) to be acquired for about $764 million. Airlines also made a strong performance by climbing 10.0% after Delta Air Lines (DAL 8.11, +1.30) reported a first quarter loss that wasn’t quite as bad as feared. Educational services stocks were absent from this session’s advance. Prior to the opening bell, analysts at Credit Suisse downgraded several service providers. The group fell 7.0%. Health care stocks also lagged. Health care was the only sector to finish in the red; it closed 0.9% lower. United Health (UNH 22.80, -1.41) and Schering-Plough (SGP 22.11, -0.94) both were laggards, despite better-than-expected earnings. There were no economic reports today, but Treasury Secretary Geithner spoke before a congressional committee. He indicated that there was still about $109.6 billion available from the $700 billion rescue package passed last year, and he expects to get at least an additional $25 billion back, bringing the total to $134.6 billion. ..Nasdaq 100 +1.5%. ..S&P Midcap 400 +3.1%. ..Russell 2000 +3.9%.
Buyers Focus on Financials for Support
Price level vs. 4 pm ET: Uninspired by the latest batch of earnings announcements, bulls initially yielded control of stocks to sellers for the second straight session. However, the early decline in stocks compelled buyers looking for more attractive entry prices to move in and offer their support. That helped stocks rebound midmorning and climb higher for the rest of the session.
Nine of the 10 major sectors closed the session with gains. Financials made the largest advance by climbing 8.2%. Health care was the only sector to finish in the red; it shed 0.9%.
A neutral tone is indicated in after-hours trading. S&P 500 futures, which currently trade at 846.40, are just one point behind fair value. Nasdaq 100 futures, which currently trade at 1328.00, lag fair value by just one point as well.
Things to take note
Tomorrow morning will be replete with more earnings reports. Morgan Stanley (MS) will headline the announcements. Wells Fargo (WFC) will also garner strong attention as investors await additional commentary and insights from the company’s management to supplement Wells Fargo’s preannounced results, which were unveiled last week. Altria (MO), AT&T (T), Boeing (BA), Freeport-McMoRan (FCX), Genzyme (GENZ), Northrop Grumman (NOC), St. Jude Medical (STJ), and WellPoint (WLP) are also scheduled to announce.
April 21, 2009 by K H Ooi
Filed under Uncategorized
Sorry about today,today have to miss out on DMA,because of busy schdedule,watch out for tomorrow:D,but tomorrow will be DMA special again:D will post slightly late at about 11-12pm
