Dec

28

Sentiment Survey: Homebuilders Still Going Down on Bad News

By Pete | Filed Under Trading Ideas | Leave a Comment

28-housing.gifThe news this morning is that new-home sales plunged by 9 percent. Yesterday, it was reported that mortgage application volume dropped 7.6 percent last week, despite a dip in interest rates.

The media is debating whether or not the sector is close to a bottom [VIDEO]. Bargain hunting and bottom fishing is never easy. People tend to rush in much too soon and get stuck in value traps.

From a sentiment cycle perspective, the prime prerequisite is a washout: the stock price must stop dropping on bad news. And it doesn’t look like the homebuilders are there yet.

Let’s take a closer look at TOL, CTX, KBH, LEN and HOV.

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Dec

28

Friday Media Digest

By Teresa | Filed Under The Podcast | Leave a Comment

  • A tempest in a Champagne flute
    Under French law, the only sparkling wine anywhere in the world that merits the name Champagne with a capital C must be made from grapes grown on officially designated plots of land in France. But as global demand for Champagne soars, pressure is mounting to expand Champagne country. Champagne-producing houses want guaranteed long-term access to more of the pinot noir, chardonnay and pinot meunier vines that are used to make the real thing. Farmers and landowners who are not on Champagne-designated land hope to join the exclusive club of insiders. To that end, a team of French government-appointed experts drew up a secret list last October designating 40 communities — communes — for possible addition to the 319 communes with the designation Appellation d’Origine Contrôlée, or AOC, a convoluted if coveted certification that authenticates the content, method and origin of production of a French agricultural item.
  • Call center jobs in India take toll on workers’ health
    Call centers and other outsourced businesses like software writing, medical transcription and back-office work employ more than 1.6 million young men and women in India, mostly in their 20s and 30s, who make much more than their contemporaries in most other professions. They are, however, facing sleep disorders, heart disease, depression and family discord, according to doctors and several industry surveys.
  • Uranium rush gets under way in Zambia
    In Southern Africa, the search focuses on the uranium-enriched crust of what geologists call the Karoo Basin. Namibia and South Africa are believed to hold 6 percent and 7 percent, respectively, of the world’s recoverable uranium resources, trailing only Australia, Kazakhstan, Canada and the United States, according to the World Nuclear Association, a nuclear power industry advocacy group. Up-to-date estimates of Zambia’s potential are hard to pin down. Here, long-standing uranium exploration started by Italian and Japanese investors ground to a halt in the 1980s.
  • Could You Make Money in ‘08?
    Klaus Hagedorn, senior portfolio manager from Bankhaus Metzler talks about the investment opportunities for the coming year. CNBC’s Geoff Cutmore reports.
  • Market Tactics
    An outlook on whether this years dogs will be next year’s darlings, with David Katz, Matrix Asset Advisors chief investment officer and CNBC’s Matt Nesto
  • Tan Says Living Cell Aiming For 10% of Diabetes Market
    Paul Tan, chief executive officer at Living Cell Technologies Ltd., talks with Bloomberg’s Haslinda Amin from Melbourne about the company’s development of a type 1 diabetes treatment, the outlook for clinical trials and plans to market the drug. The company has developed its medicine, DiabeCell, from insulin-producing cells in pigs. As many as 24 million people worldwide suffer from type 1 diabetes, in which the body doesn’t make insulin, the hormone that converts food into energy.
  • Enderle Says Apple to ‘Push’ New Laptop Models in 2008
    Robert Enderle, president of Enderle Group, talks with Bloomberg’s Haslinda Amin from San Jose, California, about the outlook for new products to be showcased at Apple Inc.’s Macworld Expo in January, and iPhone and Apple TV sales.
  • Social Networking Sites Booming
    The biggest success story for 2007 has been social networking Web sites. Is more competition on the way? Bob Ivins from comScore Europe talks to CNBC’s Loiusa Bojesen about the issue.
  • Goldman Sachs warns rivals set to take $33bn crunch hit
    Goldman said it now forecast Citigroup writedowns would rise from $11 billion to $18.7 billion, Merrill from $6 billion to $11.5 billion and JP Morgan from $1.7 billion to $3.4 billion.

Dec

27

Stocks to Watch for Friday

By Teresa | Filed Under Trading Ideas | Leave a Comment

The stock scan conducted after the close on Thursday found 19 winners and 40 losers. Click on the column headers to sort the table below.

Symbol Description Volume Trades AvgTrade Close
RIGL Rigel Pharmaceuticals 718,506 3,967 181 $25.09
SOLF Solarfun Power Holdings Co Ltd 4,961,792 19,938 249 $33.73
FSLR First Solar Inc 2,564,742 15,998 160 $275.50
ESLR Evergreen Solar 10,794,000 36,913 292 $17.94
CSUN China Sunenergy Co Ltd 21,051,676 47,226 446 $17.88
POT Potash Corp Saskatchewan 5,657,263 34,485 164 $145.29
ESRX Express Scripts 1,652,815 9,331 177 $73.50
AGU Agrium Inc 3,585,444 21,365 168 $72.25
JOYG Joy Global 1,452,041 10,020 145 $65.88
RIG TransOcean Inc 4,984,064 28,173 177 $146.90
STLD Steel Dynamics 1,349,767 9,181 147 $59.96
OXY Occidental Petroleum 2,678,955 14,785 181 $78.03
CNET Cnet Networks 4,871,248 12,089 403 $8.88
APOL Apollo Group A 1,636,105 8,934 183 $71.04
MRK Merck & Co 7,058,442 25,485 277 $58.57
SIGM Sigma Designs 1,514,245 8,223 184 $53.73
X U.S. Steel Corporation 2,358,677 10,793 219 $117.17
MDR McDermott Intl 1,335,300 5,869 228 $59.58
NEM Newmont Mining 4,341,071 17,239 252 $47.95
ORCL Oracle Corp 34,073,409 64,422 529 $23.04
$NDX.X Nasdaq 100 Index       2106.09
T AT&T Inc 18,609,244 47,932 388 $42.02
UNM UNUMProvident Corp 1,363,366 6,506 210 $23.83
ASML ASML Holding N.V. New York 1,354,211 6,290 215 $31.43
$SPX.X S&P 500 Index       1476.27
SONS Sonus Networks 1,902,994 5,261 362 $5.80
CAG Conagra Foods 2,307,742 10,204 226 $23.83
EWS iShares MSCI Singapore(Free)In 2,483,402 8,212 302 $13.47
EMC EMC Corp 18,835,588 36,939 510 $18.50
PCG PG&E Corp 1,730,417 7,953 218 $43.42
AN AutoNation Inc 1,178,352 5,251 224 $15.41
VMC Vulcan Materials 983,078 5,448 180 $78.57
BPOP Popular Inc 1,961,656 9,138 215 $10.48
MHP McGraw-Hill Companies 2,160,241 9,359 231 $44.41
XLF S&P Sel Financial Spdr Fund 36,125,893 64,932 556 $29.01
GES Guess Inc 2,222,817 10,334 215 $40.40
DKS Dicks Sporting Goods 663,600 3,576 186 $27.73
ARRS Arris Group 1,512,934 7,028 215 $9.79
KSS Kohls Corp 4,411,422 19,946 221 $44.95
JNY Jones Apparel Group 1,337,015 5,258 254 $16.35
GGP General Growth Properties 1,288,865 6,164 209 $41.37
UAUA UAL Corp 1,656,093 7,926 209 $34.80
SFI iStar Financial A 965,875 5,371 180 $26.00
WB Wachovia Corp 12,363,448 37,732 328 $38.28
ALU Alcatel Lucent 12,870,714 17,051 755 $7.33
FITB Fifth Third Bancorp 4,427,359 21,952 202 $25.19
BSC Bear Stearns Cos 3,844,099 21,734 177 $87.71
MPEL Melco PBL Entertainment Ltd 1,228,724 4,913 250 $11.75
JBLU JetBlue Airways 3,810,411 10,343 368 $6.09
XL XL Capital Ltd A 1,272,870 7,924 161 $51.54
COH Coach Inc 4,798,496 19,019 252 $30.93
CHS Chicos Fas 1,812,114 7,901 229 $9.15
HOV Hovnanian Enterprises Cl A 1,997,877 6,468 309 $6.94
C Citigroup Inc 61,459,060 129,354 475 $29.56
RVBD Riverbed Technology 587,949 3,628 162 $25.96
YRCW YRC Worldwide Inc 1,123,167 5,814 193 $17.02
CNB Colonial Bancgroup 1,650,559 6,998 236 $13.50
MI Marshall & Ilsley 1,676,647 7,616 220 $26.38
CIT CIT Group 1,988,385 8,922 223 $23.86
CROX Crocs Inc 2,196,769 9,566 230 $38.66
ABK Ambac Financial Group 2,808,230 11,205 251 $29.14

Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). The list is ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst.

Become a client, and get the buy and sell signals for each of these stocks, along with ranked and sorted lists of the largest 300 ETFs by assets under management, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, futures and optionable CBOE, AMEX and PHLX indexes.

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