Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Tuesday, February 24, 2009
Links of Interest
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
IBD Breaking News
Movers & Shakers
Upgrades/Downgrades
In Play
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
Chart Toppers
Real-Time Intraday Quote/Chart
HFR Global Hedge Fund Indices
Monday, February 23, 2009
Tuesday Watch
Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (JWN), target lowered to $14.
Night Trading
Asian Indices are -3.50% to -1.0% on average.
S&P 500 futures +.28%.
NASDAQ 100 futures +.20%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Global Commentary
WSJ Intl Markets Performance
Commodity Futures
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Earnings Calendar
Who’s Speaking?
Upgrades/Downgrades
Rasmussen Business/Economy Polling
Earnings of Note
Company/EPS Estimate
- (TGT)/.83
- (M)/1.00
- (FWLT)/.95
- (HNZ)/.64
- (HD)/.15
- (ODP)/-.06
- (PCG)/.66
- (JOE)/.05
- (RSH)/.73
- (VNO)/1.28
- (PWR)/1.21
- (MHS)/.58
- (MVL)/.71
- (PZZA)/.41
- (FSLR)/1.33
- (CCI)/-.04
- (WYNN)/.43
- (DWA)/.62
- (DPZ)/.16
Economic Releases
8:30 am EST
- Consumer Confidence for February is estimated to fall to 35.0 versus 37.7 in January.
- The House Price Index for December is estimated to fall 1.7% versus a 1.8% decline in November.
Upcoming Splits
- None of note
Other Potential Market Movers
- The President addresses joint session of Congress, Fed Chairman Bernanke testifies before Senate, Fed’s Fisher speaking, Fed’s Duke speaking, weekly retail sales, Richmond Fed Manufacturing Index, S&P/CS Home Price Index, BMO Capital Global Metals & Mining Conference, Merrill Lynch Insurance Conference, CSFB Global Services Conference, (WLP) investor conference, (CXG) investor meeting, (MSFT) strategic update, (HBI) investor day, (XTO) analyst conference, (CERN) investment community meeting and (JNPR) analyst meeting could also impact trading today.
BOTTOM LINE: Asian indices are lower, weighed down by commodity and financial stocks in the region. I expect US equities to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
Stocks Finish at Session Lows, Weighed Down by REIT, HMO, Commodity, Construction and Rail Shares
Market Summary
Top 20 Biz Stories
Today’s Movers
Market Performance Summary
WSJ Data Center
Sector Performance
ETF Performance
Style Performance
Commodity Futures
S&P 500 Gallery View
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Commentary
After-hours Movers
After-hours Real-Time Stock Bid/Ask
After-hours Stock Quote
After-hours Stock Chart
In Play
Stocks Sharply Lower into Final Hour on More Economic Pessimism, Shorting, Forced Selling
Today's Headlines
Bloomberg:
Wall Street Journal:
NY Post:
ITExaminer.com:
Denverpost.com:
hedgeweek:
FINalternatives:
AFP:
Bild:
- Italian Prime Minister Silvio Berlusconi doesn’t see a risk of the euro region breaking up, citing an interview.
Il Tempo:
Bear Radar
Style Underperformer:
Small-cap Value (-3.35%)
Sector Underperformers:
HMOs (-10.15%), Steel (-5.29%) and REITs (-5.28%)
Stocks Falling on Unusual Volume:
RIO, MCF, PTNR, CMC, APA, LECO, WMGI, IBOC, ADBE, SYNA, NTAP, PPD, DCO, HUM, RBA, TOD, NJ, PXE, BPT and KRO
Stocks With Unusual Put Option Activity:
1) ADS 2) HUM 3) LTM 4) ADSK 5) PWR