Right here – Right now.
We wither break the trendline from the June 9 lows or we go higher.
RSI and MACD both say it’s headed south
SPX Decision Point is Here – Chart
Gain and Pain
40 something Global Director of Business Development for a Security Software Manufacturer. Trading stocks for 15+ years - using primarily technical analysis
Follow @kcscott7
Transports Look like they’re breaking out – Chart
As I mentioned in a post last week, I’ve been watch for the Transports to break out of their base
It looks like it might be happening today. Note the 50 DMA looks like it’s about to make a golden cross of the 200 DMA. Also MACD has crossed and RSI trending upwards
RIMM Buyout Rumors – New Blackberry 10 / Dead Money or Comeback Kid? Chart
I’ve carried a blackberry for 12 years.
Why?
First off it was the phone my previous company told us we had to use when we entered the email age in the late 90s (yea we were a little slow rolling out technology).
But now I work for a different company and for the last 5 years I’ve still carried one because of all the other PDA/ Smart phones I’ve ever tried, it’s the only one that I can bang out a 3 sentence e-mail on in less than 5 minutes. That’s important to me and the 80 million other people still carrying blackberries around the world ( at least that’s what RIMM says the user base is in this article)
And the reason I can actually type a message on a berry is the ingenious little QWERTY pad that they invented and perfected. (If you ever wondered why it’s called a QWERTY just read the top row of letters on the berry or your keyboard). I’ve tried Apple and Android (Samsung and HTC) touch screens but never felt close to being able to work it like that stupid little keyboard. It’s why I have a love hate relationship with my Berry – I love it as an e-mail device (which is Job #1) but it sucks balls as a smartphone.
So it was with hope and trepidation and read that article – on the release of the new Blackberry 10 slated for early next year. Did they get it right? or will it be yet another piece of shit that does e-mail very, very well? – I don’t know but I’m willing to give it a try
Since this is IBC the Mother of all Stock sites, I should mention RIMM as an investment, or maybe more accurately a trade. There’s going to be buzz about BB10, and add in the rumors of IBM or amazon acquiring the enterprise services group .
It’s currently a dollar (14%) off it’s 52 week / 3 yr. low at $7.56. and the overhead supply of money losers is staggering. On the flip side, 18% of the float is short so if BB10 actually is something I could see a nice squeeze developing quickly.
First things first it would have to bust through that 17 week EMA and it’s acted as a ceiling throughout the entire 15 month avalanche that saw it shed 90% of it’s value
Are the Transports ready to Rally? – $TRAN Chart
One of the indicators most of the Bears fall back on to shit on the current uptrend id the lack of participation by the Transports
Looking at a weekly view of the one year $TRAN chart it appears to be basing near it’s pivot point at 4866. It’s acted as very solid support, save for the breech at the June 4 lows
ADP & PAYX – with employment increasing let’s look at payroll processing firms
Job numbers came in at 163,000 for July, slightly less than the 172,000 jobs added in June. An improving job market is a positive sign for payroll processing firms so lets take a look at the results of the two biggest players:
Automatic Data Processing (ADP) Q4 revenues grew 5.2% over the year to $2.64 billion, marginally shy of the Street’s projections of $2.65 billion. EPS of $0.53 was in line with the market’s targeted EPS and reported growth over previous year’s earnings of $0.48 for the quarter.
By segment, Employer Services’ revenues grew 7% over the year to $1.88 billion, with the number of employees whose payrolls were processed by ADP in the U.S. rising 3.2% over the year. During the quarter, ADP bought back 6.4 million shares of its stock at a cost of $342 million.
ADP ended the year with revenues growing 8% over the year to $10.67 billion and EPS of $2.82. For the year 2013, the company projects revenues and earnings to grow 5%-7% over the year. The market is looking for 8% growth on revenues and 9% growth on earnings.
ADP remains focused on small and medium businesses and continued to expand service offerings for this segment. Recently, the company announced an integration with online accounting software provider, Xero. Through the tie-up, Xero’s general ledger solution will be integrated with ADP’s RUN Powered by ADP payroll platform. ADP’s RUN is a cloud-based solution that delivers compliance tools for payroll, tax administration, and employee management.
The integrated solution is tailored to small business owners. Xero provides SMB owners with real-time visibility into their financial positions. The solution also helps online collaboration with clients, virtual teams, and prospects for accounting professionals. The integration will enable both businesses and accounting professionals to transfer data in a simple and secure manner to Xero’s cloud-based software.
The stock is trading at $57.61 with a market capitalization of $27.99billion. The stock provides a $1.58 dividend = 2.8%. The chart shows ADP pulling back slightly from it’s 52 week high but still in strong uptrend
Paychex (PAYX) Q4 revenues grew 6% over the year to $551.5 million, short of the Street’s projections of $558.0 million. EPS of $0.34 was in line with market expectations and grew 4% over the year.
By segment, payroll service revenues grew 4% to $369.5 million and Human Resource Services revenues grew 12% to $171.2 million.
The company ended the year with revenues up 7% over the year to $2.19 billion and EPS up 6% to $1.51. For the current year, Paychex expects payroll revenues to grow from 3%-4%, just shy of the market’s projected growth of 4.5%.
As part of its expanding product offerings, Paychex recently released a smartphone app for its solutions. The smartphone app for iPhone, Android, and BlackBerry will offer clients and clients’ employees a tool to stay connected to their Paychex payroll, benefits, and retirement information.
Paychex’s closed Friday near it’s one year highs – $33.18, with a market capitalization of $12.04 billion. The stock provides a $1.28 dividend = 3.9% The Chart continues to show a strong uptrend:
Gain and Pain
40 something Global Director of Business Development for a Security Software Manufacturer. Trading stocks for 15+ years - using primarily technical analysis
Follow @kcscott7
SPX Decision Point is Here – Chart
Right here – Right now.
We wither break the trendline from the June 9 lows or we go higher.
RSI and MACD both say it’s headed south
Transports Look like they’re breaking out – Chart
As I mentioned in a post last week, I’ve been watch for the Transports to break out of their base
It looks like it might be happening today. Note the 50 DMA looks like it’s about to make a golden cross of the 200 DMA. Also MACD has crossed and RSI trending upwards
RIMM Buyout Rumors – New Blackberry 10 / Dead Money or Comeback Kid? Chart
I’ve carried a blackberry for 12 years.
Why?
First off it was the phone my previous company told us we had to use when we entered the email age in the late 90s (yea we were a little slow rolling out technology).
But now I work for a different company and for the last 5 years I’ve still carried one because of all the other PDA/ Smart phones I’ve ever tried, it’s the only one that I can bang out a 3 sentence e-mail on in less than 5 minutes. That’s important to me and the 80 million other people still carrying blackberries around the world ( at least that’s what RIMM says the user base is in this article)
And the reason I can actually type a message on a berry is the ingenious little QWERTY pad that they invented and perfected. (If you ever wondered why it’s called a QWERTY just read the top row of letters on the berry or your keyboard). I’ve tried Apple and Android (Samsung and HTC) touch screens but never felt close to being able to work it like that stupid little keyboard. It’s why I have a love hate relationship with my Berry – I love it as an e-mail device (which is Job #1) but it sucks balls as a smartphone.
So it was with hope and trepidation and read that article – on the release of the new Blackberry 10 slated for early next year. Did they get it right? or will it be yet another piece of shit that does e-mail very, very well? – I don’t know but I’m willing to give it a try
Since this is IBC the Mother of all Stock sites, I should mention RIMM as an investment, or maybe more accurately a trade. There’s going to be buzz about BB10, and add in the rumors of IBM or amazon acquiring the enterprise services group .
It’s currently a dollar (14%) off it’s 52 week / 3 yr. low at $7.56. and the overhead supply of money losers is staggering. On the flip side, 18% of the float is short so if BB10 actually is something I could see a nice squeeze developing quickly.
First things first it would have to bust through that 17 week EMA and it’s acted as a ceiling throughout the entire 15 month avalanche that saw it shed 90% of it’s value
Are the Transports ready to Rally? – $TRAN Chart
One of the indicators most of the Bears fall back on to shit on the current uptrend id the lack of participation by the Transports
Looking at a weekly view of the one year $TRAN chart it appears to be basing near it’s pivot point at 4866. It’s acted as very solid support, save for the breech at the June 4 lows
ADP & PAYX – with employment increasing let’s look at payroll processing firms
Job numbers came in at 163,000 for July, slightly less than the 172,000 jobs added in June. An improving job market is a positive sign for payroll processing firms so lets take a look at the results of the two biggest players:
Automatic Data Processing (ADP) Q4 revenues grew 5.2% over the year to $2.64 billion, marginally shy of the Street’s projections of $2.65 billion. EPS of $0.53 was in line with the market’s targeted EPS and reported growth over previous year’s earnings of $0.48 for the quarter.
By segment, Employer Services’ revenues grew 7% over the year to $1.88 billion, with the number of employees whose payrolls were processed by ADP in the U.S. rising 3.2% over the year. During the quarter, ADP bought back 6.4 million shares of its stock at a cost of $342 million.
ADP ended the year with revenues growing 8% over the year to $10.67 billion and EPS of $2.82. For the year 2013, the company projects revenues and earnings to grow 5%-7% over the year. The market is looking for 8% growth on revenues and 9% growth on earnings.
ADP remains focused on small and medium businesses and continued to expand service offerings for this segment. Recently, the company announced an integration with online accounting software provider, Xero. Through the tie-up, Xero’s general ledger solution will be integrated with ADP’s RUN Powered by ADP payroll platform. ADP’s RUN is a cloud-based solution that delivers compliance tools for payroll, tax administration, and employee management.
The integrated solution is tailored to small business owners. Xero provides SMB owners with real-time visibility into their financial positions. The solution also helps online collaboration with clients, virtual teams, and prospects for accounting professionals. The integration will enable both businesses and accounting professionals to transfer data in a simple and secure manner to Xero’s cloud-based software.
The stock is trading at $57.61 with a market capitalization of $27.99billion. The stock provides a $1.58 dividend = 2.8%. The chart shows ADP pulling back slightly from it’s 52 week high but still in strong uptrend
Paychex (PAYX) Q4 revenues grew 6% over the year to $551.5 million, short of the Street’s projections of $558.0 million. EPS of $0.34 was in line with market expectations and grew 4% over the year.
By segment, payroll service revenues grew 4% to $369.5 million and Human Resource Services revenues grew 12% to $171.2 million.
The company ended the year with revenues up 7% over the year to $2.19 billion and EPS up 6% to $1.51. For the current year, Paychex expects payroll revenues to grow from 3%-4%, just shy of the market’s projected growth of 4.5%.
As part of its expanding product offerings, Paychex recently released a smartphone app for its solutions. The smartphone app for iPhone, Android, and BlackBerry will offer clients and clients’ employees a tool to stay connected to their Paychex payroll, benefits, and retirement information.
Paychex’s closed Friday near it’s one year highs – $33.18, with a market capitalization of $12.04 billion. The stock provides a $1.28 dividend = 3.9% The Chart continues to show a strong uptrend:
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