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As the markets put the final touches to the end of the week, quadruple witching was a key role in the market activity. Frequent whip action wreaked havoc on traders nerves as they struggled during the afternoon session, to cash in on some chips. The morning session faired rather well, however. Traders were relieved to lay the week to rest at the closing bell.
Free Daily Stock Picks activity and results for June 19, 2009:
SWHC - position entry at 5.60, 3rd Target Level hit for a gain of 0.34 points
CHU - position entry at 13.95, EOD price hit for a loss of 0.12 points
NLY - position entry at 15.14, 1st Target Level hit for a gain of 0.38 points
TNK - position entry at 9.32, 3rd Target Level hit for a gain of 0.56 points
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(FMCN) - buy
Focus Media Holding Limited reported net revenue for continuing operations was $66.7 mln, surpassing previous guidance of no less than $55.5 mln.
(TCK) - buy
Teck Resources Ltd sees 2009 coal sales at upper-end it of prior forecast.
(SWHC) - buy
Smith & Wesson Holding Corporation plans to release Q4 and full fiscal 2009 financial results Monday, June 22, after the close of the market.
(GT) - short
Goodyear Tire & Rubber will record a $60 million charge in Q3 related to downsizing its plant in Union City, Tenn.
(NFLX) - short
Competitor Redbox is opening an average of one kiosk per hour. This upstart might upstage Netflix.
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(ISIL) - buy
Intersil raised revenue guidance for the Q2, citing stronger demand for its products.
(AGNC) - buy
American Capital Agency announced cash dividend of $1.50 per share for the Q2 2009, payable July 27, 2009 to common shareholders of record as of July 2, 2009, ex-dividend date June 30, 2009.
(SWHC) - buy
Smith & Wesson Holding quarterly profit more than doubled and topped estimates.
(ELS) - short
Equity LifeStyle Properties announced it has commenced an underwritten public offering of 4,000,000 shares of common stock to repay debt and general corporate uses
(RMBS) - short
Rambus lowered its outlook for Q2 due to weaker chip sales.
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Obama Administration released Tuesday, they were going to lend 5.9 billion dollars to Ford Motor Co. and 2.1 billion to Nissan Motor Co. in an effort to produce next generation fuel efficient cars. Also in order for the government to help steer these companies in the right direction it will be a government/industry partnership.
Free Daily Stock Picks activity and results for June 23, 2009:
ISIL - position entry at 12.47, Stop hit for a loss of 1 point
AGNC - position entry at 22.10, EOD price hit for a gain of 0.05 points
SWHC - position entry at 5.54, EOD price hit for a loss of 0.11 points
ELS - position entry at 34.09, 1st Target Level hit for a gain of 0.51 points
RMBS - position entry at 16.07, 3rd Target Level hit for a gain of 0.80 points
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(PETM) - buy
PetSmart raised quarterly dividend to 10 cents from 3 cents payable August 14 to shareholders of record as of July 31.
(AVAV) - buy
AeroVironment reports Q4 earnings of $0.27 p/s, $0.01 better than consensus, rev rose 18.2% YOY to $76 mln vs $71.2 mln consensus and issues upside guidance for FY10.
(SONC) - buy
Sonic reported Q3 earnings of $0.24 p/s, excluding non-recurring items, $0.04 better than consensus of $0.20.
(DRI) - short
Darden Restaurants issued downside guidance for FY10, sees EPS of $2.59-2.85 vs. $2.91 consensus.
(JBL) - short
Jabil Circuit posted a net loss of $28.8 mln or 14 cents p/s, down from a profit of $38.4 mln or 19 cents p/s in the same period a year ago.
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(BBBY) - buy
Bed Bath & Beyond reported Q1 earnings of $0.34 p/s, $0.09 better than First Call consensus of $0.25; revs rose 2.8% YOY to $1.69 bln vs $1.68 bln consensus.
(JAZZ) - buy
Jazz Pharmaceuticals announced positive preliminary from the second of two Phase III clinical trials of sodium oxybate (JZP-6) for the treatment of fibromyalgia.
(ACXM) - short
Acxiom expects its fiscal Q1 revenue to fall as much as 21% as clients delay or cancel marketing programs.
(PAYX) - short
Paychex Q4 earnings of $0.32 p/s, $0.02 below First Call consensus of $0.34; rev fell 4.5% YOY to $495.9 mln vs $510.5 mln consensus, sees FY10 rev declining 1-4%.
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Dow Jones Industrial (DOW) reached triple digit gains today, with the Nasdaq (INDU), and the S&P 500 (INX)also posting gains in what seemed to be an exciting day for traders. These recent rallies have eased the fears of some investors, but others are still reluctant, and say it's going to take a lot more than that to make them feel that confidence again since the big crash in '08.
Free Daily Stock Picks activity and results for June 25, 2009:
STX - position entry at 9.80, EOD price hit for a loss of 0.30 points
BBBY - position entry at 30.00, 3rd Target Level hit for a gain of 1.20 points
JAZZ - position entry at 4.37, 3rd Target Level hit for a gain of 0.26 points
ACXM - position entry at 9.60, 3rd Target Level hit for a gain of 0.58 points
PAYX - position entry at 25.30, 3rd Target Level hit for a gain of 1.01 points
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(BSX) - buy
Boston Scientific initiated with a Hold at Lazard Capital, recent 79% run in the share price since November leaves BSX fairly valued at this time.
(NTAP) - buy
NetApp may be an acquisition target after rival EMC Corp foiled its effort to buy Data Domain.
(LEN) - short
Lennar has identified approximately 400 homes in Florida that have confirmed problems with defective Chinese drywall and has set aside $39.8 million to repair the homes.
(SGR) - short
After the sharp drop on Friday due to fiscal Q3 profit down 85%, its likely that Shaw Group will continue a move, into lower territory.
(JBL) - short
Jabil Circuit reported lower gross profit on Friday as well as continued lowered income.
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Markets opened Monday with a lot of trading activity in the morning, followed by light trading in the afternoon. Finances will be the focus of the week, and with jobless claims not being released until Thursday, today might have set the tone for the rest of the trading week.
Free Daily Stock Picks activity and results for July 13, 2009:
BSX - position entry at 10.05, EOD price hit for a loss of 0.12 points
LEN - position entry at 8.32, 1st Target Level hit for a gain of 0.29 points
SGR - position entry at 23.99, 1st Target Level hit for a gain of 0.36 points
JBL - position entry at 6.80, EOD price hit for a loss of 0.24 points
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(CSX) - buy
iCSX reported Q2 earnings of 72 cents per share, excluding non-recurring items, $0.10 better than the First Call consensus of 62 cents per share.
(TTWO) - short
Take-Two lowers FY09 EPS gudiance to ($0.80) - ($0.95) from previously $0.00 - 0.02 vs $0.07 First Call consensus.
(NVLS) - short
Novellus Systems reported a net loss of $50 million or 52 cents a share, versus a loss of $2.4 million or 2 cents a share, for the same period last year.
(HUM) - short
Wholly-owned subsidiary, Humana Military Healthcare Services was not awarded the 3rd generation TRICARE program contract for the S. Region.
(HNT) - short
Health Net Federal Services was not selected by TRICARE Management Activity for the Managed Care Support Contractor in the TRICARE N. Region.
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