Style Underperformer:
Large-cap Growth (-.38%)
Sector Underperformers:
HMOs (-10.05%), Education (-6.21%) and Hospitals (-5.56%)
Stocks Falling on Unusual Volume:
NIHD, GDP, ANW, IBN, HUM, NUVA, AET, ANSS, AMAG, MDVN, SYK, MANT, MRK, PSYS, COGT, MDAS, TRLG, STRA, CECO, CPLA, COCO, LOPE, ESRX, LHCG, AMED, APOL, STU, TEG, OCR, SWY, DCI, EME and UHS
Stocks With Unusual Put Option Activity:
1) SLM 2) AET 3) CI 4) FITB 5) CY
Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Thursday, February 26, 2009
Bear Radar
Bull Radar
Style Outperformer:
Large-cap Value (+2.34%)
Sector Outperformers:
Banks (+10.57%), Oil Service (-5.62%) and Semis (+4.20%)
Stocks Rising on Unusual Volume:
STI, ZION, UBS, USB, SU, NXY, CNQ, TI, AMT, AFL, VRUS, TMK, SGP, APA, SAFM, ACIW, SHLD, SIGM, XLNX, BOKF, YHOO, DLTR, ALXN, TNDM, WYNN, GBCI, PACW, CEPH, LEAP, ALTR, IBOC, FWLT, ZN, TYL, EQY, CRT and FLS
Stocks With Unusual Call Option Activity:
1) LCC 2) CSX 3) CMA 4) UNH 5) AET
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
Wednesday, February 25, 2009
Thursday Watch
Late-Night Headlines
Bloomberg:
Wall Street Journal:
Politico:
Theday.com:
Reuters:
Sky News:
- Some European countries are in danger of defaulting on their obligations to the euro region, former Bundesbank President Karl Otto Pohl said. Euro-region countries that are most heavily borrowed and may be unable to serve their debt obligations could be considering leaving the single currency, Pohl said.
Late Buy/Sell Recommendations
Citigroup:
- Reiterated Buy on (HS), target $21.
- Reiterated Sell on (UA), target $12.
Night Trading
Asian Indices are -.50% to +.75% on average.
S&P 500 futures +.26%.
NASDAQ 100 futures +.22%.
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
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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
- (ESV)/2.05
- (WRC)/.16
- (DYN)/-.03
- (SHLD)/2.69
- (AMT)/.14
- (GM)/-7.46
- (BYD)/.13
- (NOVL)/.06
- (KSS)/1.02
- (ATHN)/.17
- (GPS)/.32
- (RDC)/1.08
- (SWY)/.81
- (PSA)/1.27
- (FTO)/.41
- (DELL)/.27
- (DECK)/3.94
Economic Releases
8:30 am EST
- Durable Goods Orders for January are estimated to fall 2.5% versus a 3.0% decline in December.
- Durables Ex Transports for January are estimated to fall 2.2% versus a 3.9% decline in December.
- Initial Jobless Claims for last week are estimated to fall to 625K versus 627K the prior week.
- Continuing Claims are estimated to rise to 5025K versus 4987K prior.
10:00 am EST
- New Home Sales for January are estimated to fall to 324K versus 331K in December.
Upcoming Splits
- None of note
Other Potential Market Movers
- President Obama releases his first budget proposal, weekly EIA natural gas inventory report, Jeffries Internet Conference, Robert Baird Business Conference, Goldman Tech & Internet Conference, Pacific Crest Technology Summit, (BKC) analyst meeting, (DF) investor day, (SFY) analyst meeting and the (PCG) analyst meeting could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and technology stocks in the region. I expect US equities to open modestly lower and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
Stocks Finish Lower, Weighed Down by Construction, Transportation, HMO, Steel, Defense and Alternative Energy Shares
Market Summary
Top 20 Biz Stories
Today’s Movers
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WSJ Data Center
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Timely Economic Charts
GuruFocus.com
PM Market Call
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In Play