Yearly Archives: 2011
Bahrain Announces State of Emergency As More Foreign Troops Enter the Country
The King has ordered military to protect citizens and the country as soldiers have been shot with reports of other deaths. Apparently reports of violent opposition has taken place upon peaceful protests. Some are calling this an act of war…
Comments »Panic Selling Rules Opening Trade, But The S&P 500 Finds Temporary Support at the 100 Day MA
People are raising cash and the put call ratio is showing serious concern for risk protection….
Comments »Best Performing Stocks This Morning
The following stocks are outperforming, despite today’s carnage.
BWEN +20%
CBLI +12%
CCRT +12%
IPXL +8%
OSIR +7%
WSM +5%
PESI +15%
Top Performing ETF’s at the Open
Here are the top performing ETF’s, as of 9:50 am.
BXDD +23%
DPK +16%
EWV +14.8%
SOXS +10.5%
EFU +10%
BXDC +10%
ZSL +9.5%
Confusion in G-8 Over a No Fly Zone in Libya
Russia & Germany seem to be opposing such measures pushed by France & The U.K…..
Comments »Marc Faber AKA Dr. Doom Expects A Pause From the FED; Then a Run Back to the Printing Press
Besides The Market Here is What ‘s Gapping Down
In reaction to disappointing earnings/guidance: UEC -20.9%, CRZO -15.3%, BWS -14.9%, AOB -11.1% (also downgraded to Hold at Brean Murray), ZAGG -8.8%, ATPG -6.4%, DOLE -5.7%, CEL -3.2%.
Japan names under significant pressure with ongoing crisis following earthquake: SNE -6.7%, TM -6.6%, HMC -6.5%, CAJ -6.2%, HIT -4.2%.
Nuclear power related names trading lower for second consecutive day: SHAW -9.1%, BWC -3.8%, FLR -1.7%.
Select uranium related names showing continued weakness: DNN -21.6%, URZ -18.8%, CCJ -17.2%, URRE -17.1%.
Select financial related names showing weakness: AIG -9.3%, DB -6.7%, FITB -5.0%, COF -4.8%, KEY -4.7%, RDN -4.5%, UBS -4.3%, STI -3.7%, PMI -3.6%, RF -3.5%, USB -3.2%.
Select metals/mining stocks trading lower: CXZ -17.3%, EXK -15.1%, GPL -13.1%, PZG -11.3%, SVM -10.1%, PAL -9.8%, NG -9.7%, CDY -9.5%, SWC -8.7%, SLW -8.6%, PAAS -8.1%, NGD -8.1%, EGO -6.7%, HL -6.7%, ABX -4.7%.
A few rare earth names are also trading lower: SHZ -11.4%, AVL -10.4%, MCP -8.2%, REE -7.3%, GSM -4.2%.
Select oil/gas related names showing early weakness: CFW -12.8%, CPE -12.6%, HDY -9.7%, LNG -9.4%, KOG -7.6%, NOG -7.5%, ROYL -6.6%, BEXP -6.4%, RIG -6.2%, IVAN -6.2%.
Other news: SBAY -29.1% (discloses that James T. Crane, CFO, announced that he will resign from the Company to pursue other professional interests, effective 3/14), CIGX -10.9% (modestly pulling back), AFL -6.8% (continued weakness on Japan concerns), UTA -6.6% (still checking for anything specific), RLOG -5.8% (files to sell $25 mln in common stock; files to sell 2,279,255 shares of common stock for shareholders ), SNBC -5.2% (announces commencement of public offering of ~$75 mln in common stock), WX -5% (hearing related to pricing), SD -4.7% (provides results for its cash tender offer and related consent solicitation for its 8.625% Senior Notes due 2015), FGP -3.2% (prices an offering of 4.4 mln common units representing limited partner interests at a public offering price of $26.27 per unit ), DELL -3.1% (filed for a $2 bln debt securities shelf offering), HPQ -2.7% (announces new dividend goals, increases regular quarterly dividend by 50% to $0.12 ), ILMN -0.4% (to Offer $800 Million Convertible Senior Notes ).
Analyst comments: AJG -6% (downgraded to Neutral from Buy at Janney Capital), FSIN -4.4% (downgraded to Hold from Buy at Jefferies), INTC -2.6% (downgraded to Neutral from Buy at Nomura), AMSC -2.5% (downgraded to Hold from Buy at Needham), OXY -2% (removed from Conviction Buy List at Goldman)
Comments »Empire Manufacturing 17.5, Import +1.4%, and Export Prices +1.4%… Full story Inside
Empire Manufacturing – Last :15.43 / Mkt Expects : 17 / Actual : 17.5
Import Prices – Last: 0.9%…. Actual:1.4%
Export Prices – Last: 0.8%….Actual: 1.4%
Comments »GE Feeling the Pain From Japan and Now Germany Taking Nuclear Plants Offline
Ge was down 2% yesterday and is indicating down 7+% this morning in pre market trade.
Comments »Nevada’s Desert Seeks to Reclaim its Former Self
Senators Working Hard for Fellow Banking Campaign Financiers
Bills are being written to delay caps on debit swipe cards…all this according to the description of “reasonable and proportional” within the Dodd – Frank Act;
Comments »Nokia and Siemens Seek to Renegotiate Motorola Deal
Nokia & Siemans would like to exclude the GSM unit, mobile communications, to renegotiate the price….
Comments »20 Year Lows Hit on Worker Confidence for Retirement Funds
IEA Says Libyan Exports Have Been Halted
Also other OPEC member output is estimated to be down due to unrest across the region…
Comments »Nikkei Close Down 10.5% Despite Liquidity Injections; Leaving Europe and U.S. Futures Deep in the Red
Oil down, Europe down, and U.S. futures down large
Japan pumps more liquidity into their financial system, but to no avail it seems
Comments »Iran Voices Concern Over Saudi Arabia’s Troop Injection Into Bahrain
Remove the troops and allow for democratic demonstrations to happen peacefully is what they are saying.
Comments »Will The Federal Reserve Surprise Markets As They Meet Today?
The markets are expecting the Fed to hold steady, but speculation is rising that Japan’s debacle will change their strategy and perhaps introduce QE3 or at least not discuss exit strategy.
Comments »German Consumer Confidence Falls
For the first time in 5 months confidence has fallen; just after the ECB announcement of interest rates moving higher…
Comments »Radioactive Plume Drifting Towards Tokyo
Meteorologist say the winds will change in a westerly direction over the next day or two. But for now a slow wind drives radioactive air towards Tokyo…
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