Style Underperformer:
Large-cap Value (+1.08%)
Sector Underperformers:
Coal (-1.94%), Oil Service (-1.62%) and Gold (-.90%)
Stocks Falling on Unusual Volume:
GNI
Stocks With Unusual Put Option Activity:
1) PXP 2) WFT 3) ROH 4) VVUS 5) CTXS
Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Tuesday, December 30, 2008
Bear Radar
Bull Radar
Style Outperformer:
Small-cap Value (+1.54%)
Sector Outperformers:
Semis (+2.54%), Defense (+2.27%) and HMOs (+2.27%)
Stocks Rising on Unusual Volume:
CEO, PAA, ULBI, RDEN, EZCH, VPRT, LOGI, STEL, MXI, PBJ, UGP, IHE, IRM, PWO, HNP, DCP, ROH, CJR, CCC, TYN, EXI, DOW, WBK, REP and JKI
Stocks With Unusual Call Option Activity:
1) CSX 2) DHI 3) DOW 4) CHKP 5) IBM
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
Exchange Volume vs. Average
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Real-Time Intraday Quote/Chart
Dow Jones Hedge Fund Indexes
Monday, December 29, 2008
Tuesday Watch
Late-Night Headlines
Bloomberg:
Wall Street Journal:
NY Times:
CNNMoney.com:
- The 10 Biggest Cleantech Victories of 2008.
IBD:
FINalternatives:
- A Run On Hedge Funds: Redemption Strategies and Responses.
Washingtonpost.com:
Reuters:
-
Late Buy/Sell Recommendations
- None of note
Night Trading
Asian Indices are +.25% to +1.75% on average.
S&P 500 futures +.72%.
NASDAQ 100 futures +.87%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Upgrades/Downgrades
Rasmussen Business/Economy Polling
Earnings of Note
Company/EPS Estimate
- None of note
Economic Releases
9:45 am EST
- Chicago Purchasing Manager for December is expected to fall to 33.0 versus 33.8 in November.
10:00 am EST
- Consumer Confidence for December is estimated to rise to 45.5 versus 44.9 in November.
Upcoming Splits
- None of note
Other Potential Market Movers
- The weekly retail sales reports and S&P/CS Home Price Index could also impact trading today.
BOTTOM LINE: Asian indices are higher, boosted by commodity and technology stocks in the region. I expect US equities to open mixed and to rally into the afternoon, finishing higher. The Portfolio is 100% net long heading into the day.
Stocks Finish Lower, Weighed Down by REIT, Hospital and Alternative Energy Shares
Market Summary
Top 20 Biz Stories
Today’s Movers
Market Performance Summary
WSJ Data Center
Sector Performance
ETF Performance
Style Performance
Commodity Movers
Market Wrap CNBC Video(bottom right)
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 Lower into Final Hour on Rising Oil, REIT Sector Weakness, Geopolitical Concerns
Today's Headlines
Wall Street Journal:
- Internet Access Turns School Buses Into Rolling Classrooms.
- Florida, the Next Hotbed of Venture Capital?
MacDailyNews:
- Rumor: Apple(AAPL) to release Apple TV software for any Mac; turn any Mac into an Apple TV.
The Detroit News:
Washington Post:
Crain’s NY Business:
TheStreet.com:
- Kass: 20 Surprises for 2009.
- The Israeli Foreign Ministry on Sunday released preliminary options for a "diplomatic exit strategy" from the operation in the Gaza Strip. Political sources in Jerusalem say the options are not similar to those available during the Second Lebanon War, which ended with a UN Security Council resolution and the deployment of peacekeepers.
Bear Radar
Style Underperformer:
Small-cap Value (-2.99%)
Sector Underperformers:
REITs (-5.85%), Alternative Energy (-4.10%) and Road&Rail (-3.50%)
Stocks Falling on Unusual Volume:
DOW, ROH, SYNT, CWCO, RBN, GRR and TNP
Stocks With Unusual Put Option Activity:
1) RF 2) LDK 3) DOW 4) ROH 5) CTXS
Bull Radar
Style Outperformer:
Large-cap Value (-.78%)
Sector Outperformers:
Oil Service (+.49%), Energy (+.48%) and Construction (-.18%)
Stocks Rising on Unusual Volume:
SSRI, AEM, MUR, RIG, WLL, OHI, APA, ULBI, NWPX, NNDS, FWRD, PWRD, JJSF, GMCR, SXCI, MIDD, LAYN, CSC and IFN
Stocks With Unusual Call Option Activity:
1) DOW 2) CVS 3) ESLR 4) AEO 5) BSX
Bull Radar
Style Outperformer:
Large-cap Value (-.78%)
Sector Outperformers:
Oil Service (+.49%), Energy (+.48%) and Construction (-.18%)
Stocks Rising on Unusual Volume:
SSRI, AEM, MUR, RIG, WLL, OHI, APA, ULBI, NWPX, NNDS, FWRD, PWRD, JJSF, GMCR, SXCI, MIDD, LAYN, CSC and IFN
Stocks With Unusual Call Option Activity:
1) DOW 2) CVS 3) ESLR 4) AEO 5) BSX
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
Exchange Volume vs. Average
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Real-Time Intraday Quote/Chart
Dow Jones Hedge Fund Indexes
Sunday, December 28, 2008
Monday Watch
Weekend Headlines
Bloomberg:
- Cash at 18-year High Makes Equitie4s Irresistible for Leuthold. There’s more cash available to buy shares than at any time in almost two decades, a sign to some of the most successful investors that equities will rebound. The $8.85 trillion held in cash, bank deposits and money-market funds is equal to 74% of the market value of US companies, the highest ratio since 1990, according to Federal Reserve data compiled by Leuthold Group and Bloomberg. Leuthold, Invesco Aim Advisors Inc., Hennessy Advisors Inc. and BlackRock Inc., which together oversee almost $1.7 trillion, say that’s a sign the S&P 500 will rise. The eight previous times that cash peaked compared with the market’s capitalization the S&P 500 rose an average 24% in six months, data compiled by Bloomberg show. “There is a store of cash out there that is able to take the market higher,” said Eric Bjorgen, who helps oversee $3.4 billion at Leuthold in
Wall Street Journal:
- JPMorgan Chase(JPM) was the No. 1 firm in advising on mergers and acquisitions this year, beating longtime leader Goldman Sachs Group Inc.(GS), citing preliminary data from Dealogic. JPMorgan was an adviser on 350 deals with a value of $818.2 billion, while Goldman was second with 295 transactions worth $755.6 billion.
MarketWatch.com:
- 10 investment ideas for 2009.
CNBC.com:
- Pros Say: Web Retail, Mortgage Refi Surge = Great ’09 Omens.
IBD:
- Pasta Maker’s New Leadership Cooks Up Profit Growth After Scandal.
NY Times:
- With a Digital Stereo, Cisco Systems(CSCO) Is Starting a Push Into Home Electronics.
Forbes.com:
TheStreet.com:
- The Tech Investor’s Guide to 2009.
NJ.com:
LA Times:
- Southwest Airlines(LUV) adds cities, courts business travelers.
MacRumors.com:
CNNMoney.com:
MSNBC:
Reuters:
Financial Times:
The Observer:
Kathimerini:
- European Central Bank Vice President Lucas Papademos said the ECB may further cut its benchmark interest rate if risks of higher inflation continue to subside.
Weekend Recommendations
Barron's:
- Made positive comments on (HPQ) and (MICC).
- Made negative comments on (PSYS), (RIMM) and (SYK).
Night Trading
Asian indices are -.75% to +.25% on avg.
S&P 500 futures -.82%.
NASDAQ 100 futures -.93%.
Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Pre-market Stock Quote/Chart
Before the Bell CNBC Video(bottom right)
Global Commentary
WSJ Intl Markets Performance
Commodity Movers
Top 25 Stories
Top 20 Business Stories
Today in IBD
In Play
Bond Ticker
Economic Preview/Calendar
Daily Stock Events
Upgrades/Downgrades
Rasmussen Business/Economy Polling
Earnings of Note
Company/Estimate
- (CALM)/1.16
- (PNY)/-.12
Upcoming Splits
- None of note
Economic Releases
- None of note
Other Potential Market Movers
- The (FITB) shareholders meeting, (WINS) shareholders meeting and (EPEX) shareholders meeting could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by automaker and real estate shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the week.