Podcast: INTC, XSD, XHB, GS, WDC, PCP, FWLT

Pete, May 14, 2008 @ 5:05PM ET | Link | RSS | Read via Email | 1 Comment

In this podcast, we continue our series on Using SwingLines and Invivo.RMI Indicators and How Does The Stock Scan Work?

Right click ON THIS LINK and select “Save Target/Link As…” to save the MP3 file to your computer.

We feature Intel (INTC), SPDR S&P Semiconductor (XSD), SPDR S&P Homebuilders (XHB) and Goldman Sachs (GS) as examples of stocks that were at the bottom of the list in the recent past. As a bonus, we looked at WDC, PCP and FWLT, stocks that appeared on using our Trading Ideas for Wednesday.

We also discussed the role decision support tools play in the life of a discretionary trader. Articles referred to are as follows:

Robot Conducts the Detroit Symphony
ASIMO is not your typical conductor. It’s gender neutral, stands at a little over 4 feet tall and has no pulse. It’s a humanoid robot that made its conducting debut last night in Detroit.
Robot Conductors [DOWNLOAD PODCAST]
Robots! They’re not just for vacuuming anymore. Q speaks with the conductor who may be out of a job.

Intel Corporation (INTC)

Intel Profit May Miss Estimates on Low PC Demand, JPMorgan Says 2-27-08
Intel Corp., the world’s largest computer-chip maker, may earn less in the next two years than previously estimated because of weak demand for personal computers and an inventory glut, JPMorgan Chase & Co. said.
Tech forecasts overshadow strong earnings 2-8-08
For the tech industry, the latest earnings season has proven a long-stated maxim - stocks don’t trade on what companies have done, they trade on what they are going to do.
Intel shares slump after disappointing report 1-16-08
Shares of Intel Corp. plunged more than 12% early Wednesday after the blue-chip tech giant issued a disappointing outlook and reported fourth-quarter results that came up shy of expectations.

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

SPDR S&P Semiconductor (XSD)

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

SPDR S&P Homebuilders (XHB)

In January 2008 we did a blog post on the Homebuilders and how they were potentially entering the “Wall of Worry” phase of the Investor Sentiment Cycle. You can look at the financial media articles that were posted in there to get a ‘feel’ of what the mood was like. Seems like the mood on Homebuilders has changed once again….

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Goldman Sachs Group (GS)

This is an example of what we are currently watching. GS was at the bottom of the list and now trying to find some strength.

Goldman, Lehman Reduce Loan Backlog With Discounts 3-19-08
U.S. banks from Goldman Sachs Group Inc. to Lehman Brothers Holdings Inc. have whittled their holdings of leveraged buyout loans to $129 billion from $163 billion at the beginning of the year by offering the debt at discounts, according to analysts at Bank of America Corp.
Goldman, Lehman outlooks cut to ‘negative’ by S&P 3-21-08
Goldman Sachs Group Inc’s (GS) and Lehman Brothers Holdings Inc’s (LEH) credit rating outlooks were cut on Friday by Standard & Poor’s, which said volatile markets could result in lower profit and revenue.
Goldman Earnings Fall by Half, Yet Beat Views 3-19-08
Goldman Sachs Group’s (GS) first-quarter earnings fell by half after recording more than $2.5 billion of losses on loans and other assets, yet resilient trading helped the bank exceed an anxious market’s sharply lower expectations.
Goldman Sachs Says Abby Cohen to Stop Making S&P 500 Forecasts 3-17-08
Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor’s 500 Index forecasts for Goldman Sachs Group Inc.

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Western Digital Corp (WDC)

Technology has been the talk of the town. WDC was the subject of a recent downgrade, but the price action is defying gravity.

Western Digital 3Q earnings rise, revenue tops expectations 4-24-08
Western Digital Corp. reported fiscal third-quarter net income of $280 million, or $1.23 a share, up from $121 million, or 53 a share, in the same period a year ago.
Western Digital downgraded to “sell” 5-13-08
Analyst Ann Kohler of Caris & Company downgrades Western Digital Corp (WDC) from “average” to “sell,” while reducing her estimates for the company. The target price has been reduced from $9.00 to $2.75.
WDC Rises As Inflation Fears are Eased 5-14-08
WDC shares are trading higher this morning with the rest of the market after the Labor Department reported that consumer prices rose only 0.2 percent last month, compared to a 0.3 percent increase in March, easing some of the market’s concerns over inflation.

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Capital Goods: Precision Castparts (PCP) and Foster Wheeler (FWLT)

The capital goods sector has been getting some notice of late. The action in this sector might be potential signs to the health of the economy.

Precision Castparts 4Q profit tops estimates; total sales shy of consensus 5-6-08
Precision Castparts Corp. Tuesday reported fourth-quarter income from continuing operations of $265.6 million, or $1.89 a share, including the impact of 3 cents a share related to restructuring charges.
Foster Wheeler Up on Surprising FLR Earnings 5-13-08
FWLT climbed through 2007, but has shown signs of weakness this year. Foster Wheeler shares have been rallying with other construction operators boosted by competitor Fluor Corp. (FLR) which said its first-quarter profit rose 63% to $138 million, exceeding analysts’ predictions.
Foster Wheeler Changes Its Tune 5-7-08
Foster Wheeler reported increased demand in its global power group in the first quarter, but the the construction and engineering company’s warning of a possible slowdown in business with U.S. utilities spooked investors.

CHARTS

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Daily bar chart with 50- and 200-day moving averages

Daily bar chart with Swing Line applied

Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Join the Discussion

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Daniel on May 15th, 2008 10:20 AM

Thanks a lot for the podcast. This is definitively one of my favorites.

I like a lot the concept of divergence from a different light. Divergence between sentiment in head lines and price action. Also that this comes from the tops or from the bottoms as one trade setup.

The other important concept was looking in the middle or looking at the ends of the list.

Thanks a lot Teresa and Pete,

Daniel

Podcast: INTC, XSD, XHB, GS, WDC, PCP, FWLT

Intel Corporation (INTC)

SPDR S&P Semiconductor (XSD)

SPDR S&P Homebuilders (XHB)

Goldman Sachs Group (GS)

Western Digital Corp (WDC)

Capital Goods: Precision Castparts (PCP) and Foster Wheeler (FWLT)

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Podcast: INTC, XSD, XHB, GS, WDC, PCP, FWLT

Intel Corporation (INTC)

SPDR S&P Semiconductor (XSD)

SPDR S&P Homebuilders (XHB)

Goldman Sachs Group (GS)

Western Digital Corp (WDC)

Capital Goods: Precision Castparts (PCP) and Foster Wheeler (FWLT)

More Articles from Our Blog

Recent Comments and Discussion

Join the Discussion

For Investors

For Traders

Read Blog By Category

In My Library

Programming For

My Bookmarks

Blog Archives