Stock Market News & Stocks to Watch from StraightStocks » Lows

Capital Gold Corp. (CGC.TO) Announces Net Revenue Gain of 29% from Previous Quarter

QualityStocks — Wed, 09 Jul 2008 13:48:05 +0000

Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are [...]

Beazer Homes USA Inc. (BZH)

Steve Patterson — Tue, 08 Jul 2008 03:29:00 +0000

I was watching the housing stocks back in August and September of 2007 when they were falling to new lows everyday but switched out of the industry in favor of banks, autos and financials. But after seeing an old name reaching a new low after-hours, I started to re-examine the old names.

Earnings results for Q2.

Vlada Kynsky — Mon, 07 Jul 2008 17:29:00 +0000

We are just at the beginning of Q3 and earnings calls for Q2 will be coming from this week. I think widely expected is especially General Electric (GE) on Friday. GE shares closed last week on five years lows on credit concerns. Here are major events for the week.

Monday:
Economic NA
Earnings NA

Tuesday:
Economic Pending Home (-3.0%), Wholesale Inv (0.7%), Consumer Credit (7.0B)
Earnings Greenbrier (GBX), Pepsi Bottling (PBG), Alcoa (AA)

Wednesday:
Economic Weekly Crude
Earnings Acergy (ACGY), Wolverine (WWW), AAR (AIR), Shaw (SGR)

Thursday:
Economic Weekly Claims
Earnings Chattem (CHTT), FC Stone (FCSX), Progressive (PGR), Marriott (MAR), Infosys (INFY)

Friday:
Economic Import / Export, Trade Balance, Michigan (56), Treasury Budget
Earnings General Electric (GE), Rockwell (COL)

The Nikkei’s Losing Streak in Focus: No Plunge Protection Needed (EWJ)

Steven Towns — Mon, 07 Jul 2008 00:07:25 +0000

If you haven’t heard yet, then you probably will some point on Monday: Japan’s benchmark Nikkei 225 Stock Average closed in the red on Friday, marking its 12th consecutive decline, the longest since a 15-session losing streak in April-May 1954 during a time of “economic uncertainty” after the end of the Korean War. However, the current [...]

A New Strategy for EXACT Sciences

Mike Havrilla — Fri, 04 Jul 2008 18:27:00 +0000

Despite a key endorsement by the American Cancer Society for EXACT Science's (EXAS) stool DNA-based colorectal cancer screening test earlier this year, the stock continues to languish at multi-year lows on light average volumes. EXACT is expected to fi...

What a Crazy Day

Trader Mark — Tue, 01 Jul 2008 20:09:00 +0000

It is always amusing to see the end of the day gain or loss in the indexes, and how it sometimes hides the wild action of the day. Today was one of those days - we gapped down (bearish), rallied from what appeared to be a test of support (bullish), ga...

Bond Insurers Still Grim

Steve Patterson — Mon, 30 Jun 2008 01:40:00 +0000

MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have been at the center of the credit and housing crisis as insurers of sub-prime, sub-A loans, and prime housing loans. Analysts continue to drop the earnings estimates and the stocks themselves fall to new lows weekly.

Bookkeeping: Weekly Changes to Fund Positions Week 46

Trader Mark — Sun, 22 Jun 2008 22:47:00 +0000

Week 46 Major Position ChangesFund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.Being a long only fund, via Marketoc...

Financials Headed For New Lows, Stocks Lack Buying Interest

Market Speculator — Thu, 12 Jun 2008 11:09:29 +0000

Financials continue to feel max pain as major banks continue to be hammered by selling. The exotic forms of investment continue to haunt those firms who were careless and did not handle risk properly. Selling has spread throughout the rest of the market as Crude Oil prices race higher. We are also seeing Grains and [...]

Running In Place, Stocks Fail to Gain Any Ground

Market Speculator — Wed, 11 Jun 2008 10:45:47 +0000

Monday the NASDAQ undercut its most recent rally attempt’s lows reseting our confirmation rally. Tuesday’s action failed to re-ignite a new rally attempt. Volume was on the light side as NASDAQ volume fell roughly 2% while on the NYSE we saw higher volume. This market continues its “no man’s land” path. Overall, this market does [...]

Bookkeeping: Adding to Ctrip.com (CTRP)

Trader Mark — Tue, 10 Jun 2008 15:23:00 +0000

Ctrip.com (CTRP) is an interesting thesis right here - one could make an arguement that as China slows so will travel, but it is all relative ("slowing" in China is a very different proposition than the US - i.e. GDP dropping from 12% growth to 6% grow...

Fear Invades the Market Like a Plague

Market Speculator — Tue, 10 Jun 2008 10:23:15 +0000

Like storm clouds moving in Fear has gripped Wall Street. Two fear indicators: VIX and VXN have both risen 37% since the start of the month. It is unreal the amount of fear that has gripped many traders on Wall Street. Most likely candidate, not a big surprise crude oil prices [...]

The Market Giveth, The Market Taketh

Market Speculator — Sat, 07 Jun 2008 10:56:50 +0000

The wildest and craziest market is the one we have on our hands. Friday’s action saw lots of panic but it also saw large cap oil related stocks actually fall as crude oil pushed about $138. Large capitalization oil stocks like CVX and XOM closed down on the day on heavier turnover. Even HES was [...]

Jos. A. Bank Clothiers, Inc

Declan Fallon — Thu, 05 Jun 2008 11:36:00 +0000

Jos. A. Bank Clothiers, Inc (JOSB) had a fun Wednesday as it followed through on an earlier 200-day MA break with heavier volume on the release of earnings. It also had some good technical support with a new reaction high in the MACD, although on-balance-volume didn't confirm with a new high of its own.

It has however seen a steady increase in bull trend strength with an ADX knocking around 32.78 and rising. Stops can be placed along rising support connecting April-June reaction lows or the 20-day MA.

The Point-n-figure chart is riding a May 28th double top breakout with a target of $43.00. Options players might like some January 09 $17.50 strike at $13.80 from the Ask which is just an $0.80 premium on the June expiration calls at the same strike. The same ask was showing for the July and October expiration at $13.10 for the $17.50 strike.

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Stocks Lose Gains on AP’s Release of Obama Winning the Nomination

Market Speculator — Wed, 04 Jun 2008 10:39:29 +0000

Stocks failed to hold onto early gains when just after 1:30pmEST the Associated Press released a breaking news statement that Obama had sealed the Democratic Nomination. It was clear as day that traders were given a clear signal that Obama is not their guy. The move was solely on the news that Obama [...]

Market Alerts: LSE

Declan Fallon — Fri, 30 May 2008 08:15:00 +0000

Current top-5 most active stocks on the London Stock Exchange for 9:15 am GMT:BAY (BR AIRWAYS ORD) +12.75 +6.16% 228.25p Vol: 8.5MStill a long way to go if this is to break its 7-month decline. 250.00p key resistance. ALD (ALBIDON ORD) +12.50 +6.0...

Bullish Percents getting a little toasty

Declan Fallon — Wed, 07 May 2008 07:45:00 +0000

Although not of immediate concern, some of the bullish percents are about to enter bear market (but not bull market) top territory. If January lows represent the start of a bear market then these breadth indicators should top soon. If the current rally is a continuation of the cyclical bull market then there is room for another 15-20% of gain (perhaps as much as 50% for the Nasdaq Bullish Percents).

How this impacts on the market remains to be seen, but the likely outcome would be a negative divergence between breadth indicators and the market; indices make new highs as bullish percents fall. Time will tell.

I'm traveling to D.C. so there will be no update tomorrow. INS appointment Friday.

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Bookkeeping: Taking my Thursday Coal Buys back OFF the Table

Trader Mark — Tue, 06 May 2008 14:02:00 +0000

The individual names do not matter at this point so I am going to just consider this mini basket to be "1 position". Last Thursday as the chickens were running around with their heads cut off about the "strong dollar", I was incrementally adding to my...

Strategy Session: Best Ways to Find the Tipping Points

David Aferiat — Thu, 13 Mar 2008 13:49:00 +0000

New alerts and filters added recently expand the arsenal of ways in which any trading universe can be modeled in Trade-Ideas. We even created some sample strategies to show you how they are used.Here's what we did:Added bottoming tail and topping tail ...

Knowing the Market’s Mood is Better than Guessing What Comes Next

David Aferiat — Thu, 24 Jan 2008 20:37:00 +0000

Figuring out exactly what the market will do at the very next moment is tough to do. Understanding what mood the market is in, however, proves to be not only easier, but eventually leads to better accuracy about what comes next.The beauty of Trade-Ide...