ONLINE SPORTSBOOKS

Go Back   MajorWager Forums > MW - Online Sportsbooks > Stock Talk
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Stock Talk Stock tips, opinions and analysis

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 12-04-2003, 09:57 AM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default Stock Reports Thursday

07:03 ET Early Research Calls : Merrill Lynch upgrading CSCO, MRVL, JBL and HMT to Buy from Neutral... BofA upgrading GM to Neutral from Sell; firm also out with a note on Video Game stocks, calling ATVI an attractive investment at current levels.. CIBC calling yesterday's WSJ report of FDA making abuse-management programs a part of the approval process for companies developing new pain drugs a positive for PTIE's Remoxy pain therapy... JPMorgan out with a positive note on PFE, saying the stock is poised for outperformance.. CFSB upgrading APD to Outperform from Neutral, while cutting PX to Neutral from Outperform; firm also calling recent decline in DIS a buying oppy, saying the stock should be the best performer in the media/entertainment group in the next 12 months.. Thomas Weisel downgrading PEGS to Peer Perform from Outperform.
07:02 ET Limited Nov comps up 1.0% (LTD) 18.18: Briefing.com consensus called for 1.3% growth.
07:02 ET ShopKo Stores Nov. same store sales decrease 0.4%, First Call est was an increase of 1% (SKO) 16.00:
07:01 ET Mothers Work Nov. comp store sales decreases 3.7% year/year (MWRK) 24.14:
06:59 ET Raytheon and Northrop have won a large Pentagon contract. (RTN) 28.23: The Wall Street Journal reports NOC and RTN have won a Pentagon contract valued at as much as $4.5 bln over the next eight years. The terms are for the Northrop-Raytheon team to develop a rocket capable of intercepting and destroying a hostile ballistic missile within five minutes of its launch.
06:59 ET Safeway guides Y04 below consensus (SWY) 20.30: Company guides below consensus for Y04 (Dec), sees EPS of $1.95-2.03 vs Reuters consensus of $2.05 without giving effect to any impact from the southern California strike, the impact of which cannot be assessed right now. SWY also announces plans to open 40-45 new stores and remodel another 160-165 store, sees Y04 cap ex of $1.2-1.4 bln.
06:48 ET Costco November comps up 14% (COST) 35.80: Briefing.com consensus called for 8.7% gain.
06:45 ET S&P futures vs fair value: +3.2. Nasdaq futures vs fair value: +7.0.
06:44 ET Claire's Stores Nov comps up 6.0% (CLE) 44.10: Briefing.com consensus called for 10% gain. C.E.O. says "We are not pleased with our European same store sales. However, we have identified issues and continue to focus on resolving them".
06:44 ET European Markets FTSE...4380.70...-11.30...-0.3%. DAX...3880.29...+4.63...+0.1%.
06:44 ET Asian Markets Nikkei...10429.99...+103.60...+1.0%. Hang Seng...12342.65...-18.63...-0.2%.
06:41 ET Pier 1 Imports guides up on Nov comps up 1.1% (PIR) 24.76: Company issues upside preannouncement for Q3 (Nov), sees EPS of $0.35 vs Reuters consensus of $0.34; pre-announces sales of $482.4 mln, consensus $480.5 mln on November comps up 1.1% vs Briefing consensus of a 2% gain. PIR sees Dec comps flat to positive low single-digits.
06:40 ET Sonic Solutions' MyDVD chosen by Fujitsu for new Media Center PC (SNIC) 18.20: Co announces that both Sonic MyDVD 5 and Sonic PrimeTime applications for DVD creation are now shipping in Japan as integrated components of Fujitsu Limited's FMV-DESKPOWER C90EW/C Microsoft Windows XP Media Center Edition PC.
06:34 ET Cisco Systems upgraded to Buy from Neutral at Merrill Lynch (CSCO) 23.30: Firm's price target is $29.
06:27 ET European Summary : European markets recovering after falling on the open as German unemployment fell for a third month in November, adding to signs Europe's largest economy is reviving from a recession in the first half. This comes after business confidence rose to the highest in more than three years last month as a global recovery boosted demand for German goods such as Porsche AG's sports cars and Siemens AG's mobile phones. Swiss biotechnology firm Actelion trading up 6 percent after the company said it had formed an alliance with U.S.-based Merck (MRK) to develop and market renin inhibitors, a new class of blood-pressure drugs with blockbuster potential. The world's largest stainless steel producer ThyssenKrupp AG on the decliners list after cutting its pre-tax profit target for its current year, blaming uncertainty about the speed of an economic upturn. Philips (PHG), Europe's top consumer electronics group, told investors it was seeing an upturn in the market that is boosting demand for most of its businesses. The euro falling nearly half a percent against the dollar, as caution set in after four record-breaking days for the single currency and ahead of a policy decision from the European Central Bank, Reuters reporting... UK -0.26%, Germany +0.17%, France -0.14%.
__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #2 (permalink)  
Old 12-04-2003, 11:37 AM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

08:40 ET: [BRIEFING.COM] S&P futures vs fair value: +3.1. Nasdaq futures vs fair value: +7.0. The futures market did not take kindly to the worse than expected Initial Claims report at 365K (consensus 354K). Keep in mind, though, that the 4-week average, a less volatile measure, only rose to 363K from 360K last week. Despite the dip in the futures market, it continues to point to a higher open for the cash market, supported by generally strong same store sales reports, upgrades of the likes of CSCO and MRVL at Merrill Lynch, and QCOM's higher Q1 guidance.

08:25 ET: [BRIEFING.COM] S&P futures vs fair value: +4.2. Nasdaq futures vs fair value: +10.0. The Initial Claims report will be announced at 8:30 ET. The report will shed more light on the employment picture. The market consensus is for a reading of 354K versus the prior reading of 351K and the Briefing.com consensus of 355K.

08:00 ET: [BRIEFING.COM] S&P futures vs fair value: +3.9. Nasdaq futures vs fair value: +9.0. The futures market is higher in a reversal of yesterday's late afternoon pullback and in conjunction with largely better than expected same store sales reports, as well as upgrades of several tech names, including CSCO, at Merrill Lynch.

06:45 ET: [BRIEFING.COM] S&P futures vs fair value: +3.2. Nasdaq futures vs fair value: +7.0.

06:44 ET: [BRIEFING.COM] FTSE...4380.70...-11.30...-0.3%. DAX...3880.29...+4.63...+0.1%.

06:44 ET: [BRIEFING.COM] Nikkei...10429.99...+103.60...+1.0%. Hang Seng...12342.65...-18.63...-0.2%.

__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #3 (permalink)  
Old 12-04-2003, 05:47 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

14:30 ET Dow +15, Nasdaq -14, S&P -0.47: [BRIEFING.COM] Selling efforts appear to have exhausted themselves for the time being, as the latest dip is being used as a buying opportunity... While the Nasdaq remains stuck in negative territory and the S&P 500 is hugging the flat line, the Dow has fared relatively better and continues to outperform the broader market on a relative basis, just like it did in yesterday's session... The Dow's resilience is rooted in the outperformance of cyclical stocks, such as Alcoa (AA 35.20 +0.73), United Technologies (UTX 87.83 +0.56), DuPont (DD 43.61 +0.45), and International Paper (IP 39.76 +0.46)... Also among the leaders to the upside is General Motors (GM 46.19 +0.65), which was upgraded to Neutral from Sell at Banc of America this morning, and IBM (IBM 90.89 +0.59) in anticipation of its analyst meeting later in the day... Another analyst meeting of note is Intel's (INTC 33.03 -0.31) mid-quarter update after market close... Please see the Events Calendar for details on how to access these conference calls... NYSE Adv/Dec 1363/1828... Nasdaq Adv/Dec 1022/2077.

14:00 ET Dow +5, Nasdaq -17, S&P -1.08: [BRIEFING.COM] The market continues to slump in a broad-based retreat... The S&P 500 has joined the Nasdaq in negative territory, while the Dow has noticeably pared its losses... The small- and mid-cap averages are also trading at their session lows and are continuing to underperform their large-cap counterparts on a relative basis... Good news have failed to produce a favorable response from the market in today's session... To that effect, the largely favorable same store sales results have procured a sell-the-news reaction from the retail sector, which is currently down 3.1%, as indicated by the S5RETL index... Laggards include companies such as Nordstrom (JWN 34.23 -0.27), which reported same store sales of 7.4% (Briefing.com consensus of 3.6%), as well as Best Buy (BBY 53.40 -4.02), which reported comps of 8.6% and preannounced revenues of $6.03 bln (consensus $5.91 bln)... The retail sector is near its 52-week high... It had been running up in anticipation of a strong holiday sales season and has come under pressure in the past week once the news were realized... NYSE Adv/Dec 1360/1790... Nasdaq Adv/Dec 1027/2053.

13:30 ET Dow +30, Nasdaq -5, S&P +2.17: [BRIEFING.COM] In yesterday's session the market spent the bulk of the day trading in positive territory, but only to reverse the entirety of its gains in the last hour of trading, with the Nasdaq spearheading the decline... Similarly, while the major averages have been, for the most part, able to maintain their standing in positive territory today, they have started weakening over the last hour, with the Nasdaq once again spearheading the way lower due to the struggling biotech, internet, and semiconductor sectors, which have been among the top performers in the market's advance off its March lows... With the major averages within reach of their 52-week highs, the Nasdaq's failure at the 2000 level yesterday and the Dow's failure to close above 9900 after trading at that level for each of the past 4 sessions, have invited valuation concerns... In Briefing.com's view, while some sectors of the market are, indeed, overvalued, considering the expectation of strong Q4 earnings growth and the historically-low interest rates, stocks are not overvalued at this juncture... Please see the Market View column for more details... NYSE Adv/Dec 1443/1683... Nasdaq Adv/Dec 1161/1903
__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #4 (permalink)  
Old 12-04-2003, 08:03 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

Close: It was a see-saw session for the market as the major averages spent the morning climbing higher, declined to the flat line and then some in the afternoon, and rebounded in the last hour to finish within reach of their respective session highs... There was plenty for the market to be happy about, including the generally strong same store sales reports, an upgrade of Cisco (CSCO 24.05 +0.75) to Buy from Neutral at Merrill Lynch, as well as Qualcomm's (QCOM 49.01 +4.54) upward Q1 guidance of $0.47-0.48 (Reuters Research consensus $0.38)...
Nevertheless, the favorable sentiment was dampened by worse than expected Initial Claims report (at 365K vs. consensus of 354K), which although disappointing extended the favorable employment trend observed of late, as well as valuation concerns... The latter received an exaggerated amount of attention considering the fact that the major averages were trading within reach of their 52-week highs, however Briefing.com believes stocks are not overvalued so long as interest rates remain near their historically-low levels (please see the Market View column for more perspective)...

Overall, today's session attested to the market's underlying bullish trend, as dips continued to be used as buying opportunities, just like they have been throughout the market's advance off its March lows... Interestingly, while the major averages closed in positive territory, with the Dow at a new 52-week high, breadth figures were mixed as (similar to yesterday) the small- and mid-cap averages underperformed their large-cap counterparts on a relative basis, disrupting the pattern observed over the past couple of months...
__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 06:21 PM.

Please be advised that if you are wagering over the internet, this is illegal in many jurisdictions. A wagering site may be operating legally at their location but it may still be illegal for you to wager from your location. We suggest you check on the legal situation from any jurisdiction in which you may wager.
 

Search Engine Optimization by vBSEO 3.0.0 RC6