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Thisis going to be a very key earnings week. The only DJIA component to report its Q3 period report so far has been Alcoa Inc. (NYSE: AA). But we have earnings this week coming from six DJIA components: Intel Corporation (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), JPMorgan Chase & Co. (NYSE: JPM), International Business Machines (NYSE: IBM), Bank of America Corporation (NYSE: BAC), and General Electric Co. (NYSE: GE). Citigroup Inc. (NYSE: C) is no longer a DJIA component, but that is still a recent change.
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Posts for Ticker ‘AA’
DJIA Component Earnings on Deck (AA, INTC, JNJ, JPM, IBM, BAC, GE, C)
Top Day Trader Alerts (AA, CENX, DDSS, DRYS, SQNM)
These are this morning’s top day trader and active stock alerts for Thursday. We have more detailed analysis and price/volume information with a link through to each over at VSInvestor.com:
We have provided some longer-term support and resistance levels for Alcoa Inc. (NYSE: AA) now that its shares are hitting near-term highs after earnings.
Century Aluminum Co. (NASDAQ: CENX) is acting like a leveraged Alcoa based on its trading up 10%. You can also see how most of the related metals stocks followed Alcoa higher last night.
Labopharm Inc. (NASDAQ: DDSS) is having a repeat gain after yesterday’s pop.
DryShips, Inc. (NASDAQ: DRYS) is back on the pre-market most active movers list.
Sequenom, Inc. (NASDAQ: SQNM) is continuing its mystery rally, despite the risks of implosion.
- Here is some trading color on Universal Display Corporation (NASDAQ: PANL) after its late-day run on Wednesday.
You can join our open email distribution list to get updates each morning on top day trader alerts, analyst upgrades and downgrades, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.
JON C. OGG
October 8, 2009
24/7 Wall St. TV: Not All’s Well At Alcoa (NYSE:AA)
Aluminum giant and Dow Jones Industrial Average component Alcoa Inc. (NYSE: AA) has just kicked off earnings season for the Q3-2009 period. Shares were halted ahead of the earnings report. The company posted a surprise positive earnings of $0.04 EPS outside of items (and listed as $0.07 EPS from operations) and $4.6 billion in revenue. Thomson Reuters was expecting a drop of 125% on earnings to -$0.09 EPS and $4.55 billion in revenue. Revenues are down from $7 billion a year ago, but this is a sequential gain from $4.2 billion seen in Q2-2009.
The company seems to have been in a restructuring and repositioning for an eternity, and the company has further updated its progress on this front. The company said that financial and operational measures taken in the first half of the 2009 are having a strong positive impact on cash and profitability, and further noted that it is in excellent shape to benefit when the market recovers. Further noted was that the company is surpassing all targets in the cash sustainability program. Read More
Media Digest 10/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GM says most of its cost cutting is done and its sales chief left.
Reuters: Spot gold hit a record above $1,050.
Reuters: The Senate healthcare bill weighs in at $829 billion.
Reuters: Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS Read More
Asia Markets And Europe Open 10/8/2009
Markets in Asia rose moderately with Shanghai closed for the holiday.
The Nikkei rose .3% to 9,832.
The Hang Seng was up 1.1% to 21,475. HSBC (NYSE:HBC) was up.
At the open in Europe, the FTSE rose 1.1% helped by good earnings from Alcoa (NYSE:AA). The Dax was up 1.6% to 5,726. The CAC 40 rose 1.3% to 3,813.
Data from Reuters and MarketWatch.
Douglas A McIntyre
ALCOA Brings In Surprise Profit (AA)
Aluminum giant and Dow Jones Industrial Average component Alcoa Inc. (NYSE: AA) has just kicked off earnings season for the Q3-2009 period. Shares were halted ahead of the earnings report. The company posted a surprise positive earnings of $0.04 EPS outside of items (and listed as $0.07 EPS from operations) and $4.6 billion in revenue. Thomson Reuters was expecting a drop of 125% on earnings to -$0.09 EPS and $4.55 billion in revenue. Revenues are down from $7 billion a year ago, but this is a sequential gain from $4.2 billion seen in Q2-2009.
Top Day Trader Alerts (C, RPRX, AAI, AVNR, AA, LINE, VICL)
These are this Wednesday morning’s top day trader and active trader stocks with price and volume moves. More detailed price and volume analysis has been provided with a link to each stock story over at VSInvestor.com:
Citigroup (NYSE: C) is lower by less than 1% on what seemed like decent news.
Repros Therapeutics Inc. (NASDAQ: RPRX) is up over 100% on huge volume.
AirTran Holdings Inc. (NYSE: AAI) is down over 12% on a secondary offering announcement.
AVANIR Pharmaceuticals, Inc. (NASDAQ: AVNR) is up over 6% on a patent allowance to treat pseudobulbar affect, which the company says there are no treatments on the market yet.
Alcoa Inc. (NYSE: AA) was very active in stock options late yesterday ahead of today’s earnings report. We’d look for a continuation of that today as traders take deleveraged bets after such a large run up in the stock.
Linn Energy LLC (NASDAQ: LINE) is getting hit on high pre-market and also after-hours yesterday after it reported it would sell 6 million units in a secondary offering.
Vical Incorporated (NASDAQ: VICL) is trading up on positive Phase II trial data against CMV disease.
You can join our open email distribution list which goes out several times per week for reminders of the top day trader alerts, analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.
Jon C. Ogg
The Unusual Suspects (AA, MOS, YUM, CVC, CIT, LOCM, RVSN, WFC)
It is the weekend and that means a review of last week’s unusual suspects and a review for key stocks in the week ahead. Technically earnings season gets its first earnings report from a DJIA component in ACLOA Inc. (NYSE: AA) this week, as well as earnings from The Mosaic Company (NYSE: MOS) and from Yum! Brands, Inc. (NYSE: YUM). Other key stocks to watch will be Cablevision Systems Corporation (NYSE: CVC), CIT Group, Inc. (NYSE: CIT) on the ropes, the real or unreal takeover chances for Local.com Corp. (NASDAQ: LOCM), and the unusual trading in Radvision Ltd. (NASDAQ: RVSN) and Wells Fargo & Company (NYSE: WFC). We have provided more detailed information and analysis on each story below.
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Top Day Trader Alerts (BBT, AA, CENX, GENT, ENS, HPQ, CERS, AAPL)
These are this Wednesday’s top day trader and active stock alerts. We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:
BB&T Corp. (NYSE: BBT) was down about 1% after its secondary offering after S&P weighting changes.
Alcoa, Inc. (NYSE: AA) is down about 4% after an analyst downgrade from Goldman Sachs.
Century Aluminum Company (NASDAQ: CENX) is getting clipped by more than 6% this morning after yesterday’s gains.
Gentium S.p.A (NASDAQ: GENT) is surging on mixed Phase III treatment trial of Defibrotide for severe veno-occlusive disease.
EnerSys (NYSE: ENS) is indicated much lower on an insider-backer share sale of 3.2 million shares to Goldman Sachs.
Hewlett-Packard (NYSE: HPQ) is down after earnings, and we made some support calculations for key levels to watch in the coming days if the weakness persists here.
Cerus Corporation (NASDAQ: CERS) is seeing a huge surge on news that Swissmedic has approved the use of platelet components treated with Cerus’ INTERCEPT Blood System.
This volume took place late yesterday, but we started seeing elevated put and call options trading in Apple Inc. (NASDAQ: AAPL). This could have been H-P related or it could have merely been options rolling trades from August to September ahead of Friday’s expiration. So far AAPL shares are down less than 1% at $162.75 on only 100,000 shares.
-The 24/7 Wall Street Team
Top 10 Analyst Upgrades & Downgrades (ANF, AA, ANN, ASMI, KLIC, MDAS, MSFT, BPOP, TGT, DIS)
These are Wednesday’s top ten analyst research summary upgrades, downgrades, and initiations from Wall Street brokerage firms:
Abercrombie & Fitch (NYSE: ANF) Cut to Neutral at Susquehanna.
Alcoa (NYSE:AA) Cut to Neutral at Goldman Sachs.
Ann Taylor (NYSE:ANN) Raised to Buy at UBS.
ASM International (NASDAQ:ASMI) Raised to Buy at Goldman Sachs.
Kulicke & Soffa (NASDAQ:KLIC) Started as Buy at Jefferies.
MedAssets (NASDAQ:MDAS) Cut to Neutral at UBS.
Microsoft (NASDAQ:MSFT) Raised to Buy at AmTech.
Popular Inc. (NASDAQ: BPOP) Raised to Outperform at KBW.
Target (NYSE:TGT) Raised to Overweight at Piper Jaffray.
Walt Disney (NYSE:DIS) Started as Buy at Janney Montgomery Scott.
JON C. OGG
AUGUST 19, 2009
Top Day Trader Alerts (AA, CENX, NTAP, DDUP, EMC, RIGL, NVAX, HGSI, CPKI, SCSC)
These are some of the this morning’s top day trader alert stocks to watch based on pre-market and after-hours volume activity. These have links through to more detailed trading and volume analysis covered at the Volume Spike site VSInvestor.com:
- Alcoa Inc. (NYSE: AA) shares are ones to watch for a volume spike higher after the company beat Q2 expectations by 12 cents a share and saw signs of auto market stability. Also watch rival Century Aluminum (Nasdaq: CENX) for possible upside.
- NetApp Inc. (Nasdaq: NTAP) shares are pointing higher as the company saved some dough, and actually made a little, by losing its bid for data storage company Data Domain Inc. (Nasdaq: DDUP) to EMC Corp. (NYSE: EMC).
- Rigel Pharmaceuticals Inc. (Nasdaq: RIGL) shares are up very strongly on clinical trial data that raised expectations for a partnership.
- Novavax Inc. (Nasdaq: NVAX) shares are up more than 10 percent with nearly 100,000 shares traded in the pre-market after the company announced a joint venture in India with Cadila Pharmaceuticals, called CPL Biologicals.
- Human Genome Sciences Inc. (Nasdaq: HGSI) shares are rising on strong volume on a New England Journal of Medicine publication regarding its Raxibacumab as a treatment for anthrax.
- California Pizza Kitchen Inc. (Nasdaq: CPKI) shares will be ones to watch for a potential volume spike higher after the company guided Q2 profit higher.
- ScanSource Inc. (Nasdaq: SCSC) shares could be active in early Thursday trading after the company guided higher for its fiscal Q4, ended in June.
-The 24/7 Wall St. Team
Media Digest 7/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications.
Reuters: More attacks on websites in the West are expected and North Korea is suspected.
Reuters: China has arrested Rio Tinto (RTP) employees.
Reuters: The age of the media mogul may be over. Read More
Alcoa Able To Sell Less-Bad As Good (AA)
Alcoa Inc. (NYSE: AA) posted a narrower-than-expected loss of -$0.26 EPS on a non-GAAP basis and -$0.32 EPS from continuing operations. Revenues were down sharply to $4.24 billion (from $7.62 billion a year ago), but also narrower-than- expected. Thomson Reuters had estimates at -$0.38 EPS and $3.93 billion. The company generated cash from operations in the second quarter of 2009 of $328 million, an improvement of $599 million from the first quarter.
Media Digest 7/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The economic crisis will dominate the G8 summit.
Reuters: A NY court ruled against AIG (AIG) in a battle with former CEO Greenberg.
Reuters: Google (GOOG) will launch an operating system for low end PCs to compete with Microsoft (MSFT).
Reuters: US apartment vacancies are near historic highs. Read More
Top 10 Analyst Upgrades and Downgrades (AA, BBBY, BRK.A, DFS, LYG, SNY, SWI, TRW, ZBRA)
These are the top analyst upgrades, downgrades and initiations of new coverage which we have see from Wall Street this Monday morning:
- ALCOA (AA) Cut to Underperform at FBR.
- Bed Bath & Beyond (BBBY) Started as Buy at Wedbush Morgan.
- Berkshire Hathaway Inc. (BRK.A) Started as Outperform at KBW.
- Discover Financial (DFS) Raised to Outperform at KBW.
- Lloyds Banking Group plc (LYG) Raised to Conviction By List at Goldman Sachs.
- Sanofi-Aventis (SNY) Cut to Neutral at JPMorgan.
- SolarWinds (SWI) Started as Overweight at JPMorgan; Started as Overweight at Thomas Weisel.
- TRW (TRW) Raised to Overweight at JPMorgan.
- Zebra Technologies (ZBRA) Raised to Outperform at Baird.
Jon C. Ogg
June 29, 2009
A Boring Earnings Season With Bogus Forecasts
Many market experts expect this earnings season to do little to set the tone for the rest of the year. They assume that companies have been pounded into submission and that this has produced pessimism. In this climate, corporate management teams have decreased their forecasts to levels which they cannot fail to beat or match. It is like fixing a fight or a horse race, but it is legal.
The first big company to report earnings, Alcoa (AA), proved that the best guesses about how companies will perform this quarter will probably be true. Surprises will be scarce. Alcoa said that the first quarter would be a bad quarter. The company said it would lose money. In the first quarter, Alcoa lost $.59 after charges for discontinued operations. Reuters predicted that the loss would be $.54. This was close enough for government work. The stock dropped 3% after the announcement. In short, there was no shocking news because Alcoa made sure there would not be any. Read More
Media Digest 4/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending.
Reuters reports that the SEC will consider restricting short sellers.
Reuters reports that the AIG (AIG) aircraft leasing unit is seeking a $5 billion credit line from the government.
Reuters reports that mortgage delinquencies soared in the US. Read More
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©2009 24/7 Wall St.
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