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Yearly Archives: 2011

Kill Bill

Republicans propose killing Fannie and Freddie.

Q: If banks and mortgage companies did not have these government sponsored companies to lean on and re-liquefy their books of toxic waste that they sold; would we still want to kill off FNM & FRE ?

Q: Did the entities not do a good thing for many years before this crisis ?

Never mind; that’s the beer talking…..

Full Story

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American Data Collection Flights: Worst Contamination Within 18 Mile Range of Highest Concern

WASHINGTON — The first readings from American data-collection flights over the stricken Fukushima Daiichi nuclear plant in Japan show that the worst of the contamination has not spewed beyond the 18-mile range of highest concern established by Japanese authorities, but there is also no indication that another day of frantic efforts to cool nuclear fuel in the reactors and spent fuel pools has yielded any progress, according United States government officials.

Read rest of article here.

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Flash: Crack Spreads Approaching $24

Crack spreads are up another 1.8% today, following yesterday’s 5.5% surge, to $24 (new highs).

Refinery related names are reacting in kind, with gains in ALJ (+7.4%), CVI (+3.4%), VLO (+1.6%) and TSO (+1.5%)

UPDATE: Spreads closed up 2.27% to $24.08.

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Commodities Close Higher Across The Board

Commodities finished higher across the board today, led by a 5.4% rally in grains. May wheat surged 7.9% to close at $7.14 per bushel, while May corn ended limit up at $6.46, higher by 4.9%… The Energy sector added 3.4%, led by a 5.7% rally in April natural gas, which closed at $4.16 per MMBtu. It notched highs at $4.16, its best levels in close to 1.5 months. This morning’s larger than expected draw down in inventories acted as the catalyst to today’s rally. April crude oil surged 3.5% to close at $101.42 per barrel, its best close in around a week. Today’s session was substantially less volatile than the previous, evidenced by the absence of short volatile moves in prices. With the risk trade back for the time being, markets once again refocused on the Middle East… Precious metals, which gained 0.2% on the day, were the laggard sector today. It was a relatively quiet session for the precious metal as April gold finished higher by 0.5% to $1403.80 per ounce and May silver ended lower by 0.5% to $34.25 per ounce. (Dow +1.2%, Nasdaq +1%, S&P +1.3%

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Notable Stock Moves Earlier This Afternoon

The following are some of today’s most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers

  • PC (12 +7.24%), SNE (31.63 +5.86%): Japanese cos showing strength
  • ARMH (25.81 +5.78%): strength attributed to reports related to chip competition
  • CLF (88.51 +5.71%), RIO (65.04 +4.9%): metal/mining cos showing strength

Large Cap Losers

  • MHS (53.39 -5.05%): confirmed that CalPERS terminated negotiations for renewing a contract awarded to co
  • CCJ (28.55 -3.68%): uranium co continue to drop following nuclear meltdown concerns in Japan
  • ETR (65.16 -2.24%), AEP (33.69 -1.66%), EXC (39.77 -0.45%): utilities showing weakness; related to Japan nuclear crisis

Mid Cap Gainers

  • PDS (11.83 +6.96%), ROSE (45.11 +6.42%), OII (81.18 +6.17%): oil/gas cos showing strength
  • VSEA (44.13 +6.06%): semis showing strength
  • CREE (49.83 +5.98%): upgraded to Buy at Merriman; semis showing strength

Mid Cap Losers

  • GES (38 -13.38%): beat EPS and revs consensus but issued downside Q1 guidance
  • NRP (35.15 -6.22%): commenced a secondary public offering of 6 million common units representing limited partner interests in Natural Resource Partners L.P.
  • LULU (75.64 -4.68%): beat EPS and revs consensus; guided Q1 EPS in-line with revs below; guided FY12 EPS above with in-line revs; concerns over lack of inventory and higher raw material costs
  • KWK (14.13 -3.15%): co and Darden family will not pursue a take private transaction of co

Gainers

The following are today’s most active stocks ranked by volume and relative volume, categorized by sectors (over $300 mln market cap and 100K average daily volume).

Today’s top 20 volume

  • Technology: CSCO (31.28 mln +0.45%), INTC (23.01 mln +0.96%), MSFT (20.83 mln +1.47%), S (19.28 mln +3.09%), VZ (19.1 mln +2.16%), YHOO (16.36 mln +2.58%), NVDA (15.17 mln +0.4%), MU (13.78 mln +2.34%), ORCL (13.71 mln +2.25%), ALU (13.49 mln +2.99%), QCOM (12.7 mln +4.28%), AAPL (12.61 mln +2.74%),
  • Healthcare: PFE (20.19 mln +2.18%), CTIC (18.31 mln +12.88%),
  • Financial: C (157.89 mln +0.68%), BAC (50.62 mln +0.99%), WFC (16.55 mln -1.17%), JPM (12.36 mln -0.05%),
  • Consumer Goods: F (35.18 mln +1.97%),
  • Conglomerates: GE (35.48 mln +2.01%).

Today’s top relative volume (current volume to 3-month average daily volume)

  • Technology: SANM (6.03x -17.65%), KONG (5.67x +1.22%), PEGA (5.38x +0.26%),
  • Services: GES (11.79x -13.4%), MHS (8.63x -4.32%), GLNG (6.9x +4.58%),
  • Industrial Goods: HRBN (4.93x +1.32%),
  • Healthcare: CTIC (7.86x +12.88%), MAPP (4.93x +2.29%),
  • Financial: RNR (5.23x -1.5%),
  • Consumer Goods: HOGS (21.82x -2.05%), PC (16.11x +7.77%), WGO (10.22x -11.13%), CIGX (7.28x +14.79%), LULU (7.12x -5.15%), BTI (6.03x +2.15%), SUP (4.97x +4.32%),
  • Basic Materials: NRP (27.66x -6.32%), KWK (8.72x -4.32%), CCJ (8.43x -4.26%)

Losers

  • Technology: LEAP (12.15 -6.68%), CSIQ (11.08 -6.58%), HSOL (7.87 -6.53%), YGE (11.57 -5.7%), PWER (8.37 -5.33%), IDT (24.2 -4.87%), STM (11.59 -4.53%), THQI (4.48 -4.48%),
  • Services: SAH (12.78 -6.3%),
  • Financial: MTU (4.52 -6.42%), HBC (49.8 -5.14%), MFG (3.36 -4.82%), BBVA (11.89 -4.42%),
  • Consumer Goods: CAJ (42.84 -6.32%), CZZ (12.23 -4.83%),
  • Basic Materials: BPZ (5.4 -9.85%), HERO (5.2 -9.57%), CCJ (30.43 -6.56%), HDY (5.44 -4.58%), EGY (6.63 -4.47%)

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