Index Indicators still Positive, But
Steve Patterson (August 21st, 2008) Writes:
Steve Patterson (August 21st, 2008) Writes:
Graham Summers (August 21st, 2008) Writes:
Daniel Shepard (August 19th, 2008) Writes:
Stocks are falling today 08/19/08, after Producer Price Index numbers released this morning by the Labor Department, renewed inflation fears. The Producer Price Index, which measures the price of goods using the manufacturers’ wholesale prices, rose 1.2% in July, the biggest increase in 27 years. This was twice what was expected by forecasters.
Core PPI, which leaves out energy and food prices, rose .8%, versus the .2% rate that was expected. This was the biggest gain in twenty months.
The news was harsh on the stock market. Currently, the Dow is down 124.49 points or 1.08%, to 11348.63, The Nasdaq is 24.30 points or 1.01% to 2392.68 and the S&P 500 is down 12.92 points or 1.01% to 1265.68
Financials also continue to drag down the markets. AIG is down 7%, Lehman Brothers (LEH) is down 7.98%, Goldman Sachs (GS) is down .72% and Merrill Lynch (MER) is down 3.8%
Sean Maher (August 18th, 2008) Writes:
Notable Calls (August 18th, 2008) Writes:
Daniel Shepard (August 18th, 2008) Writes:
There’s nothing slated on the economic calendar for today that will move stocks and with the earnings season winding down, the only two noteworthy companies that are reporting earnings, are Lowes (LOW) and Trina Solar (TSL). So the markets will have to look for other drivers.
We expect oil to be a major factor and we are looking for some near term bounce in the price of crude oil, which may results in stocks trading down. Even if oil does end up dramatically lower in the next three to six months, the fact of the matter is, it won’t go down in a straight line. So look for that bounce and look for oil related stocks to move up nicely in the short term, on an up move in crude oil prices.
Some of the oil related stocks that we like based on a very near term bounce in oil prices
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CEO Blogger (August 15th, 2008) Writes:
1. SunPower
a. Merrill Lynch Analyst Mark Heller says that recent deals with PG&E and FPL Group suggest SunPower is making significant inroads into the U.S. utility market.
b. SunPower’s sales channels and geographic diversification place it at a competitive advantage relative to other c-Si PV (photovoltaic) vendors.
c. SunPower announced one of the largest single utility scale contracts in history; it will install 250MW of PV solar at a California plant using its tracking system technology, and the contract could be worth $1 billion to $1.5 billion.
c. $100 price target on the shares
Track Mark’s pick at:
http://trackthepros.com/categories.php?category_id=1495
a. Citigroup raises Analyst Deborah Weinswig says Kohl’s second-quarter EPS of 77 cents were well above her estimate and the Street consensus.
b. impressed by the company’s ability to report better-than-expected gross margin expansion in this environment.
c. company expects sales to increase sequentially throughout the second half of fiscal 2009 (Jan.), and raised its fiscal
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Michael Michaud (August 14th, 2008) Writes:
Notable Calls (August 14th, 2008) Writes:
CV (July 22nd, 2008) Writes:
By Claus Vistesen Copenhagen
[Update: Brad Setser clarifies, in the comment section, his view on Sender's FT piece referenced below]

THE last week (or was that year?) has certainly been something of a ride hasn't? In fact, I thought it would be apt to reproduce this picture by the brilliant KAL who normally spices up the Economist with his imagery that lay serious claim to the adage that a picture tells more than a thousand words. This particular specimen and the ensuing headline were on the front cover in October 1997 when markets also took investors and observers for a roller-coaster ride. I think it is quite fitting in describing the feeling many a trader and market participant must have at the moment.
Even though it could only seem as a few days ago that the credit turmoil went global
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