Style Underperformer:
Large-cap Value (-.20%)
Sector Underperformers:
Gold (-4.19%), HMOs (-3.48%) and Drugs (-2.15%)
Stocks Falling on Unusual Volume:
AU, NVO, BMY, SHLM, AKAM, GOLD, SCHN, RGLD and GPN
Stocks With Unusual Put Option Activity:
1) MYL 2) TM 3) GOLD 4) AMLN 5) GPS
Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Friday, April 03, 2009
Bear Radar
Bull Radar
Style Outperformer:
Large-cap Growth (-.43%)
Sector Outperformers:
Computer Hardware (+2.28%), Wireless (+1.68%) and Oil Service (+.96%)
Stocks Rising on Unusual Volume:
CGV, SI, DWSN, TM, PCAR, AAPL, CBST, GILD, NVDA, ANGO, WYNN, GMKT, CELG, AAUK, IGN and BCA
Stocks With Unusual Call Option Activity:
1) TSRA 2) HOT 3) RIMM 4) LXK 5) ERIC
Links of Interest
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
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In Play
NYSE Unusual Volume
NASDAQ Unusual Volume
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Real-Time Intraday Quote/Chart
HFR Global Hedge Fund Indices
Thursday, April 02, 2009
Friday Watch
Late-Night Headlines
Bloomberg:
- The Markit iTraxx
- Supermarket prices for 16 basic foods fell for a second straight quarter, led by declines in milk, cheese, eggs and vegetable oil, the American Farm Bureau Federation said. The average cost of items purchased by a typical consumer each week fell 5.6% to $47.41 in the first quarter from three months earlier, the group said. The cost of a pound of shredded cheddar cheese fell 14% to $4.24 in the first quarter from the previous three months. Milk fell 18% to $3.15 a gallon and a 32-ounce bottle of vegetable oil dropped 12% to $2.79, the farm group said. The cost of a dozen eggs slid 16% to $1.50.
Wall Street Journal:
MarketWatch.com:
- Mitsubishi Motors Corp. is planning to double production capacity for the i MiEV electric vehicle to 20,000 units a year by 2011, according to a published report.
CNBC.com:
- When it comes to job losses in this recession, March will be the cruelest month, while April may be the beginning of the end of the misery. “It almost can’t get any worse,” says economist David Jones of DMJ Advisors.
NY Times:
Reuters:
Nikkan Kogyo:
- Sharp Corp.,
-
The Australian:
Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (MON), target $98.
- Reiterated Buy on (GILD), target $56.
Canaccord Adams:
- Online search trends started to improve in March. Upgraded (GOOG), (VCLK) and (IAC) to Buy.
Night Trading
Asian Indices are -.25% to +1.50% on average.
S&P 500 futures -.36%.
NASDAQ 100 futures -.25%.
Morning Preview
US AM Market Call
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Today in IBD
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Earnings of Note
Company/EPS Estimate
- (AZZ)/.79
Economic Releases
8:30 am EST
- The Change in Non-farm Payrolls for March is estimated at -660K versus -651K in February.
- The Unemployment Rate for March is estimated to rise to 8.5% versus 8.1% in February.
- Average Hourly Earnings for March are estimated to rise .2% versus a .2% gain in February.
10:00 am EST
- ISM Non-Manufacturing for March is estimated to rise to 42.0 versus 41.6 in February.
Upcoming Splits
- None of note
Other Potential Market Movers
- Bernanke speaking at the Richmond Fed’s Credit Markets Symposium and the (GAS) analyst meeting could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and automaker stocks in the region. I expect
Stocks Finish Sharply Higher, Boosted by Transport, Commodity, Technology, Gaming, REIT and Homebuilding Shares
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In Play