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 12-08-2003, 09:45 AM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default Stock Report Friday

06:46 ET SanDisk reaffirms guidance (SNDK) 64.35: Company reaffirms guidance for Y03 (Dec), reiterating guidance projection made on Oct 15, when it said revenues will "exceed $1.0 billion", Reuters Research consensus is $1.01 bln. SNDK says Thanksgiving promotions went well, sees "high bookings for our products, and the pricing environment remains benign. Retail promotions in the US over the Thanksgiving weekend were very well received and associated sell-through exceeded our expectations."
06:42 ET Euro rises to 1.2205, a new record high against the Dollar :
06:39 ET Gen-Probe signs licensing pact for nucleic acid testing technologies (GPRO) 31.32: Company inks cross-licensing agreement with Japanese company Tosoh covering cross-licensed intellectual property covering certain nucleic acid testing technologies; licenses cover products in clinical diagnostics and other related fields. Tosoh receives non-exclusive rights to GPRO's transcription-mediated amplification and ribosomal RNA technologies in exchange for $7 mln plus royalties on sales that employ the two technologies. Gen-Probe receives access, in exchange for royalties, to Tosoh's amplification and INAF detection technologies
06:37 ET European Summary : European stocks down for the third straight session led by exporters such as carmakers as the dollar tested record lows versus the euro following U.S. jobs data that was considered surprisingly soft by some market participants. Cable & Wireless (CWP) bucked the dull trend, rising over 8 percent, after the British telecoms group used U.S. bankruptcy laws to exit its U.S. business in a deal that involves selling almost all of its U.S. assets for about $125 mln. Elan Corp. (ELN), the Irish drugmaker whose accounts have been scrutinized by U.S. regulators, trading up close to 4 percent on news it is in talks to sell some European operations, which analysts say may be worth more than $325 mln. Richard Branson's Virgin Mobile venture is likely to be the next Virgin Group business to go public and could be floated off in the first half of next year, the British entrepreneur told investors on Monday. Financier George Soros is backing management buyout bids at two UK power plants owned by U.S. power producer American Electric Power (AEP), Reuters reporting... UK -0.39%, France -0.84%, Germany -1.15
__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #2 (permalink)  
Old 12-08-2003, 12:00 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

08:55 ET: [BRIEFING.COM] S&P futures vs fair value: -1.5. Nasdaq futures vs fair value: -2.5. The futures market remains near its morning lows and continues to indicate a lower open for the cash market. Given this morning's limited amount of market-moving news, the futures market is trading in an extension of Friday's lackluster session and in tune with the struggling overseas markets. The Japanese Nikkei closed down 3.2%, pressured by the dollar's slide against the yen and the euro.

08:30 ET: [BRIEFING.COM] S&P futures vs fair value: -1.9. Nasdaq futures vs fair value: -1.5. The futures market slips and continues to point to a slightly lower open for the cash market. There are no economic or market-moving earnings reports to speak of in today's session, but tomorrow will bring the FOMC meeting, where rates are expected to be left unchanged. The 10-year note is currently unchanged with its yield at 4.23%.

__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #3 (permalink)  
Old 12-08-2003, 03:26 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

11:00 ET Dow +27, Nasdaq -5, S&P +0.19: [BRIEFING.COM] As was the case in last week's trade, the early favorable bias has weakened with the Nasdaq spearheading the way lower... Accordingly, the tech composite is now in negative territory, while the Dow and the S&P 500 are able to hold on to their earlier gains... Pressuring the Nasdaq are losses in the biotech, hardware, internet, networking, software, and telecommunications groups... Other laggards of note include the gold and oil services sectors... While leaders to the upside are limited, the strong transportation and banking groups are aiding the blue-chip averages in maintaining their favorable stance... The leadership of the banking sector is especially notable because of its influential role in influencing market direction... Continued leadership to the upside from the banking sector is likely to limit losses in blue-chip averages... NYSE Adv/Dec 1729/1194... Nasdaq Adv/Dec 1260/1544.

__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #4 (permalink)  
Old 12-08-2003, 04:41 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

13:30 ET Dow +55, Nasdaq -2, S&P +2.73: [BRIEFING.COM] The Dow has set a new session high since the last update, while the Nasdaq and the S&P 500 have also improved their standing a bit... With the major averages trading within reach of their 52-week highs, the market maintains its hesitancy ahead of tomorrow's FOMC meeting... It's widely expected that the Fed rate will be left at its current level of 1%, but the market is likely to pay an exaggerated amount of attention to the directive and to whether the committee will elect to drop its promise of an accommodative policy "for a considerable period of time"... The market's hesitancy is reflected in today's volume, which is running at its lowest level in at least three weeks, with 630 mln and 910 mln shares traded on the NYSE and the Nasdaq, respectively, up to this point... Breadth figures are mixed, with advancers leading decliners on the NYSE, but the opposite being true on the Nasdaq... Down volume is outpacing up volume on both exchanges... NYSE Adv/Dec 1754/1380... Nasdaq Adv/Dec 1292/1756.

13:00 ET Dow +36, Nasdaq -7, S&P +0.78: [BRIEFING.COM] More of the same, with the Dow sticking near its session highs, the S&P 500 basically unchanged, and the Nasdaq setting new session lows... The tech composite's weakness is being sponsored by the biotech, hardware, internet, networking, and semiconductor sectors... The latter is down -0.8%, as indicated by the SOX index, and is down over 7% since last Monday... Today's weakness in the sector is particularly notable in the face of this morning's upgrades by Lehman Brothers... Specifically, the firm upgraded Kulicke & Soffa (KLIC 14.25 unch) citing rising demand and FSI International (FSI 7.17 +0.29) citing improving fundamentals to Equal-Weight from Underweight... NYSE Adv/Dec 1755/1352... Nasdaq Adv/Dec 1266/1740
__________________
"JJ Call me a 2'x4' again on the forum and your going to pay" Sportman.
Reply With Quote
  #5 (permalink)  
Old 12-08-2003, 08:20 PM
jjgold jjgold is offline
Five Star General
 
Join Date: Jan 2002
Posts: 45,795
Default

Close: Today's session was a tale of two cities, as the blue-chip averages spent the entirety of the session reaching higher in positive territory, while the Nasdaq declined into the red shortly after the market opened, but benefited from a late-afternoon buying effort, closing the session with moderate gains... Accordingly, all of the major averages finished the session near their best levels of the day with the Dow closing at a new 52-week high, albeit on anemic volume...
Contributing to the market's hesitation, exhibited for most of the session, was the market's anticipation ahead of tomorrow's FOMC meeting... While rates are expected to be left unchanged, the market will pay an exuberant amount of attention to changes in the wording of the Fed's directive and, specifically, regarding whether the committee will drop the words "for considerable period of time" when talking about its accommodative policy... Historically-low interest rates have supported the market's advance off its March lows and have played an essential part in justifying current stock valuations (please see today's Big Picture Brief for more perspective)...

Briefing.com, for its part, does not expect the Fed to tighten until mid-2004 and doesn't expect the 10-year note to rise above 4.7% by year end, as described in our Rate Brief... Looking at today's sector action, leaders to the upside of note included the software, banking, drug, oil services, transportation, broker/dealer, steel, paper products, housing, and natural gas groups... Among the notable laggards were the telecommunications, semiconductor, networking, internet, healthcare, and gold sectors...
__________________
"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 07:35 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