Friday, April 29, 2011

Dow, SPX, IWM at new 52 week highs

While the U.S. indexes marched higher, earnings reports from Nasdaq companies were sold off as an unexpectedly lower 1.8% increase in GDP Growth for the 1st Quarter was well below economists estimates.

In yesterday's earnings, software company CTXS rose 7.67 to 85.31 positive guidance.

On the bright news:

CRR rose 21.29 to 162.52 on explosive earnings in the energy sector.

PCLN touched another new high up 10.10 to 549.55.

PSA led the reits up 2.08 to 118.66.

On the negative side:

Despite an 88% increase in profits, BIDU dropped 3.72 to 147.39 after initially rising 5 to 156 in the opening 3 minutes.

Afterhours, Chemicals component EMN was up 7.57 to 110.50.

Retailer DECK was taken to the woodshed down 9.71 to 87.01.

Wednesday, April 27, 2011

U.S. avg rise 2/3%, AMZN up 7.9%

Afterhours Tue, AMZN initially spooked traders dropping to 165 but recovering rising throughout the day closing up 14.33 to 196.63.

REITs hitting new 52-week highs with PSA up .98% to 116.58.

FOMC rate announcement at 12:30pm EST followed by statement at 2:15pm EST was non news as the markets grinded slowly higher.

Silver via the double long, AGQ recovered rising 43.31 to 361.75.

Tuesday, April 26, 2011

U.S. avgs rise 1% nearing 52 week highs, but NFLX, TZOO, and SLV selloff

NFLX extended its declines from after-hours yesterday dropping another 10 points to 229.

AGQ had its first down day in a few weeks down 26.31 to 318.44

TZOO down 14.98 to 86.02. No specific news but maybe the high flyers for the year have pretty much had day ending.

Chemical company NEU reported last Thur up 23 points. After pulling back 4 yesterday, it rose 6.04 today 181.37.

Tomorrow at 2:15pm Eastern Time, another Federal Reserve announcement.

Chinese Internets lead the way but NFLX disappoints

Monday before the bell, SOHU rose 8.45 to 104.14 on excellent earnings and guidance.

TZOO continued its run from last Thur earnings jump rising another 6.18 to 100.40.

BIDU rose 3.31 to 151.96. Earnings on Wed after the bell.

AAPL rose 2.31 to 353.01.

NFLX reported after the bell on Mon, great earnings, poor guidance dropping 13.82 to 238.40.

U.S. Markets essentially flat.

Friday, April 22, 2011

A little from running on Tue but AAPL charges higher

As mentioned Tue after the bell, WYNN rose 9 pts or 6.2%.

During Wed, AAPL rose 5 pts to 342 after being up 7 as a little front running seemed to be in play. It was up 6 pts on Tue after hitting its recent low on April 15 of all days. 30 min after the Wed close the stock closed at 353 or up 11 points. In premarket Thur, the stock rose to 360 in the first hour. Opening the regular session at 355 the stock held at 353 before selling off in the final hour to close at 350.70 or 8 pts.

The real winners were TZOO up 19.53 (earnings) to 94.22 after two down days where it dropped 5 points. BIIB after a new Alzheimer's drug went through up 13.63 to 99.70.

Notable 52-week highs were NFLX up 7.79 to 252.22, PCLN up 12.60 to 543.95, and the rise of silver via AGQ up 20.40 to 340.96.

Markets are closed for Good Friday as Easter is on a late Apr 24.

Tuesday, April 19, 2011

One month later, its earnings season

Seems Mar 16 was the low as the U.S. averages have relentlessly marched upward fooling me and most non Wall-Street portfolio managers.

Oil stocks recovered touching year highs but has since sold off all those gains since Apr 5.

The U.S. averages rallied all but 3 days from Mar 17 to Apr 5 going from S&P 1250 to 1330 until last week when unofficially GOOG puked last Thur dropping 41 points or 7% on poor guidance.

The best performers during these weeks were Silver rising from 33 to 42, SINA from 108 to 142, and BIDU from 125 to 149.

This afternoon after the close, WYNN appears to have exceeded guidance with the performance of their Macao casinos. IBM may have missed. On tap for Wed after the close, AAPL.