Thursday, July 28, 2011

Last Nights Headlines - AM Action

AM Headlines:

8:41a (T3) Tim_K:  Floor Chatter:     We do not want to make much out of one week of data, but the past week’s buying was the lowest in three weeks.  More importantly, buyback activity in earnings season has been unspectacular.  Buybacks have averaged 2.8 for $2.3 billion daily, repurchases for just two companies—Hewlett Packard ($10.0 billion) and Goldman Sachs ($9.7 billion)—have accounted for 58% of the volume.....according to TrimTabs...GS has been active as we thought on the buyside
Jazz Pharmaceuticals (JAZZ)

8:14a (T3) Tim_K:  Jazz Pharmaceuticals target raised to $55 from $43 at Lazard Capital

Yahoo! Inc. (YHOO) Ripped a $1.00 on the news pre market before re-tracing
7:52a (T3) Tim_K:  Yahoo, Alibaba Group, SoftBank reach agreement on Alipay\
7:52a (T3) Tim_K:  Finally, Alibaba Group will receive no less than $2B and no more than $6B in proceeds from an IPO of Alipay or other liquidity event.

Wednesday, July 27, 2011

Last Nights Post Market Headlines - AM Action

 AM Action:

Akamai Tech (AKAM)
Downgraded to Neutral from Overweight at Piper

Potash (POT)
Beats by $0.11, beats on revs; guides Q4 (Dec) EPS in-line; guides FY11 EPS in-line. Negative Front page article in the WSJ

8:14a Lam Research (LRCX)
Target lowered to $60 from $64 at Stifel

8:14a Crocs (CROX)
Target raised to $35 from $30 at Stifel Nicolaus

8:23a Potash (POT)
beats by $0.11, beats on revs; guides Q4 (Dec)
EPS in-line; guides FY11 EPS in-line

Juniper Networks, Inc. (JNPR): Last Night's Post Market Trade of the Day

Click on chart for a larger image with comments - See detailed Arguments below

Tuesday, July 26, 2011

Last Nights Headlines - AM Action

AM Action:

Juniper Networks (JNPR) 
Juniper Networks Cut To Hold From Buy By Citigroup
Juniper Downgraded to Market Perform from Outperform at William Blair
Juniper Downgraded to Perform from Outperform at Oppenheimer; Shares Tumble 18% in Pre-Market
Juniper Networks downgraded to Hold from Buy at ThinkEquity
Juniper Networks downgraded to Hold from Buy at ThinkEquity
Juniper downgraded to Buy from Conviction Buy at Goldman
Juniper downgraded to Neutral from Overweight at JP Morgan
thats 6 (AMZN) target raised to $250 from $205 at Jefferies target raised to $280 from $240 at Citigroup

Last Nights Noteables - AM Headlines

 AM Headlines:


FBR on (TXN):  As mentioned earlier, tgt lowered to $36 from $39. 

(BIDU) $169.80 pre market high target raised to $175 at Brean Murray

Jefferies on (BIDU): The firm reiterates a Buy rating onthe stock with a $200 price target

Baidu price target raised to $217 from $181 at Piper Jaffray

Baidu target raised to $205 from $185 at Collins Stewart

FBR on  BRCM: Raising Target - The firm has a Outperform rating and adjusted itsprice target on the shares from $48 to $50.

Monday, July 25, 2011

Tonight's Earnings Chatter

3:59p 1 minute
4:06p BRCM in line - Broadcom Expects Solid Growth In Rev And Profitability In 3Q

4:07p probably around 5 Mike
4:15p BRCM compressing here
4:16p new highs BRXCM *DISCLOSURE:

The Week Ahead - AM Noteables

AM Noteables:

CF Industries (CF)
upgraded to Buy at Dahlman Rose; tgt $180

Mcdonalds (MCD) "2 upgrades in a weak tape"
After McDonald's reported higher than expected Q2 EPS, Wells Fargo raised its valuation range on the stock to $85-$97 from $76-$87. 
McDonald's price target raised to $97 from $93 at UBS

Calpine (CPN)
Raised To Buy From Neutral By BofA-Merrill Lynch 
Duke Energy (DUK)
upgraded to Neutral from Sell at Goldman 
SVB Financial (SIVB)
target raised to $75 from $66  at Cantor

Friday, July 22, 2011

"On The Wire" Headlines

AM Headlines:

7:34a (T3) Tim_K:  CAT down an even 5 after a complicated miss. into its 20 day ma

7:36a (T3) Tim_K:  The story also notes Sify's auditor KPMG declined to stand for re-election in June, and investors should be "concerned when an auditor quits.\

7:36a (T3) Tim_K:  Sify Technologies Cratering In Pre-Market - Down Between 3.59 and Low of 3.40 on Revelation Over Larger Share CountJul 22 at 07:26Profile hits: NONE

8:01a (T3) Tim_K:  MCD's beats by .07 eps and on revs nicly

8:03a (T3) Tim_K:  GE beats the street

PM Headlines:

4:01p (T3) Tim_K:  CSTR lowers
4:02p (T3) Tim_K:  2 headlines - Exec Leaves - Lowers guidance
4:02p (T3) Tim_K:  2 headlines - Exec Leaves - Lowers guidance
4:03p (T3) Tim_K:  MSFT beats on both eps and revs
4:03p (T3) Tim_K:  not a confirmed clean # yest
4:04p (T3) Tim_K:  Floor Chatter :     we are hearing some technical guy was pounding the table to buy it
4:05p (T3) Tim_K:  on MCP
4:07p (T3) Tim_K:  Floor Chatter: Coler on technical guy on MCP     Rick Bonsinere used to be a technical guy for MGS
4:08p (T3) Tim_K:  Coinstar, Inc. Announces Additional $250 Million StockRepurchase Authorization
4:08p (T3) Tim_K:  little bit sneaky
4:09p (T3) Tim_K:  RMBS a b little bit better
4:10p (T3) Tim_K:    (APKT) was a good report with good raise    sndk nice beat, no guidance yet
8:27a (T3) Tim_K:  APKT is a IBD one as well im told
4:10p (T3) Tim_K:      (CPHD)very nice    guidance and this qtr
4:15p (T3) Tim_K:  AMD beat by a penny and revs in line
4:16p (T3) Tim_K:  WDC beats
4:18p (T3) Tim_K:  GDI really good report
4:20p (T3) Tim_K:  CPHD had a good report and daily
4:31p (T3) Tim_K:  Skyworks Exceeds Q3 FY11 Revenue and EPS Estimates andGuides to $0.53 of Non-GAAP EPS in Q4 FY11

Tuesday, July 12, 2011 *DISCLOSURE:

Last Nights Noteables

Upgrades Downgrades

Intuitive Surgical, Inc. (ISRG)
recent weakness a buying opportunity, says Madison Williams

Annaly Capital Management (NLY)
Leads Pre-Market Volume - Prices 120 Mln Share Offering at $17.70 Per Share

Novellus Systems, Inc. (NVLS)
 Little light on revs, little better eps  350 vs 352m est  .79 vs .76 est

Thursday, July 7, 2011

Tonights Noteables

MarkWest Energy Partners (MWE)
Announces Public Offering of Common Units

SemiLEDS Corp. (LEDS)
Disaster Report - Big Miss CREE comes in sympathy LEDS came off sharply wicking all time lows below 5 before corking to 5.30

FTI Consulting, Inc. (FCN)
FTI Consulting, Inc. EPS in line revenue expected to be above estimates

WD-40 Company (WDFC)
Misses on its earnings - Wicked below the 40 level before retracing up a bit

3:59p (T3) Tim_K:  inside 15 seconds
4:01p (T3) Tim_K:  WDFC out, coming off on lite volume
4:03p (T3) Tim_K:  WDFC misses
4:03p (T3) Tim_K:      LEDS was worse.  halted, disaster.  CREE same sector    i don't know if it'll move with LEDS
4:04p (T3) Tim_K:       wdfc just warned a week or two ago    so that's in the stock already
4:05p Mike M:  tim why doesnt your VTF show what you have
4:05p (T3) Tim_K:  XXIA lowered guidance
4:05p (T3) Tim_K:  Im flat Mike M, no trades
4:06p (T3) Tim_K:  XXIA lowered on the headline
4:06p (T3) Tim_K:  halted as well

 4:30p (T3) Tim_K:  MFLX lower
4:30p (T3) Tim_K:  LEDS gets hit HARD
4:31p (T3) Tim_K:  below 5
4:31p (T3) Tim_K:  MFLX lowers guidance

4:33p (T3) Tim_K:  coming off

MarkWest Energy Partners (MWE)
Announces Public Offering of Common Units

CREE worked in sympathy on the LEDS halt earlier

Tuesday, July 5, 2011

While US traders were enjoying a three day weekend, Europe and Asia were business as usual. The Nikkei is flirting with 10,000 once again as the pro risk rally has lifted all boats. The European Continent saw bourses up between 1/2 and 3/4 of 1% as the next Greek aid tranche was approved by the powers that be. The good vibrations continued in spite of weaker macro data from Australia to China to the Swiss. Even Deutsche Bank went to a positive from Neutral on European equities. Is there something which they know that the rest of us do not? All was well and good until the big black rain clouds over at Standard & Poors said the Greek rollover plan may still be considered a 'selective' default! Talking about raining on the fireworks show! Glancing at a chart of the Euro on a yearly basis, lower highs and lower lows are still in place. Jean-Claude and friends will meet this week to decide rate maneuvers as he heads to the end of his tenure. A 1/4 point hike is expected. The Bank of Australia and the Bank of England will also be rendering rate decisions this upcoming week. Spain and Portugal will head to the markets for funding once again as well. The Italians announced some austerity of their own last week to get ahead of budgetary problems of their own. US eyes will all be on the Non-Farm Payrolls data on Friday. Economists, and the American people as well as the Bernakster are all hoping for the best out of this one as numerous bouts of pump priming has moved the needle barely 1/2 of 1% over the past year. Earnings will start in earnest next Monday as Alcoa will kick us off after the bell. It will be interesting to see how the volatile Euro and energy prices have effected the bottom lines of multi-nationals over the past quarter. Even though there are only four days in the work week a full calendar is on tap. The Conference calendar is light, but be on the lookout for any pre-announcements as well. Have a wonderful week ahead!

Asia- China's HSBC Services PMI as well as the Australia Rate Decision will highlight
Europe- Germany,the Euro-Zone and UK will release PMI Services data. The Euro-Zone will also release Retail Sales data where a reading of -0.6% is expected.
North America- US Factory Orders are the lone data point. A reading of +1 is expected.


Asia- Japan will release Leading Index as well as Machinery Orders data. New Zealand will release GDP data which will also highlight during the session.

Europe- a calm before the storm on the continent as German Factory Orders are the lone expected data point with a consensus estimate of -0.5%. FYI- Portugal heads to the market with a debt auction which will be watched closely.

North America- US- MBA Mortgage Applications and Challenger Job Cuts will highlight pre-opening. ISM Non-Manufacturing data is also on tap where a reading of 53.6 to 54 is expected.

***Visa (V) will report after the close... look for buyback declarations as they have been spotted several times over the quarter***


Asia- Australia's Unemployment Situation will highlight during the Asian trading session
Europe- Swiss CPI, Rate Decisions from the BOE and ECB will highlight. As an aside German Industrial Production will also be released. Spain will head to the markets as well for funding.

North America- US- Continuing/Initial Jobless Claims as well as Nat Gas and Crude Inventory data. Target (TGT) will provide a sales call which should be watched to gauge the health of the US consumer.


Asia- Japan will release a heavy amount of macro data overnight into the Friday session. China will also release its Business Climate data.
Europe- the Swiss will lead once again with Unemployment data, and a heavy data day out of Germany, with Current Account,Trade Balance and Import/Export data.
North America- Canada- Unemployment Situation est. 7.4%. US- Non-Farm Payrolls +150k jobs with the rate dropping from 9.1% to 9% is expected. Wholesale Inventories and Consumer Credit are also on the docket during the trading day with 0.6% and $3.75B estimates respectively.

Eric J Schumacher

AM Movers:

Baidu Inc.(BIDU) to use Microsoft's Bing for English searches, WSJ reports
Radvision Ltd.(RVCN ) raises guidance
PhootMedex, Inc. PHMD Merger Agreement
Immucor, Inc. (BLUD) Acquisition

Barron's Recap:

Oshkosh Corporation (OSK)
has a tough road ahead despite Icahn investment, Barron's says

Underr Armour inc. (UA)
may be priced for perfection, Barron's says - Overpriced

Barron's - Get Ready For $150 Oil