We had a very interesting and profitable trading week in the Online Trading Room - Mostly in Social Media Stocks with $FB Facebook rising on an add to the S&P 500 Cash Index. Facebook closed well, has multiple white shu firm $62 plus price targets, has all time highs just above at $54.75 and solid relative strength.
$TWTR had an extreme 30% move with RBC raising their price target $27 points to $60. I suspect these stocks to continue much higher presently.
I'll Be back on the Wall Street Desk this week if anyone needs to discuss trading, upcoming education, or yearly reviews.
For continually updated headlines, market updates and positions, follow us on Twitter and Stocks Twits at TimKelleherCorp
Thanks for checking...Tim
Currently Long $FB Facebook & $TWTR Twitter
Late Friday Post Market Headline
$TSLA Tesla Motors plans to debut cheaper sedan in early 2015
Full story link http://timothykellehercorp.blogspot.com/2013/12/tesla-to-introduce-40k-sedan-in-2015.html
REVIEW & PREVIEW -- Barron's -2-
Dec 14 at 00:09
-- Housing starts are reported. Blitz sees a pace of 960,000, ahead of the
950,000 expected by the Street, driven by against the broader markets strength in multifamily starts.
-- Oracle, FedEx and General Mills report quarterly earnings.
Thursday 19
-- December Philly Fed Index is expected to jump to 10 from a previous
6.5; Blitz expects it to be as high as 12.
-- Weekly jobless claims are released.
-- Existing-home sales are expected to fall to five million from a
previous reading of 5.12 million.
-- Nike, Carnival and Accenture post results.
-- Dennis Rodman heads to North Korea for a third round of basketball
diplomacy.
Friday 20
-- A two-day European Council Meeting comes to a close in Brussels.
-- Walgreens and CarMaxreport quarterly earnings.
-- Before the end of the week, the Senate will vote on Janet Yellen's
nomination to head the Federal Reserve.
-- The Bank of Japan announces monetary-policy decision following a
two-day meeting.
-- V.F. Corp splits, 4-for-1.
Coming Earnings
Day Quarter Consensus Year Ticker
Estimate Ago
M
Carnival 4Q $0.00 $0.13 CCL
Park Electrochemical 3Q 0.28 0.25 PKE
T
Sanderson Farms 4Q 2.15 0.41 SAFM
Factset Research Sys 1Q 1.23 1.11 FDS
Verifone Systems 4Q 0.26 0.76 PAY
Jabil Circuit 1Q 0.55 0.61 JBL
W
Miller (Herman) 2Q 0.40 0.35 MLHR
Apogee Enterprises 3Q 0.34 0.28 APOG
Quanex Building Prod 4Q 0.14 0.05 NX
General Mills 2Q 0.88 0.86 GIS
Oracle 2Q 0.67 0.64 ORCL
FedEx 2Q 1.63 1.39 FDX
Paychex 2Q 0.42 0.41 PAYX
Lennar Cl A 4Q 0.62 0.56 LEN
Th
KB Home 4Q 0.45 0.10 KBH
Actuant 1Q 0.46 0.41 ATU
Neogen 2Q 0.21 0.19 NEOG
Red Hat 3Q 0.35 0.29 RHT
Accenture 1Q 1.09 1.06 ACN
TIBCO Software 4Q 0.39 0.42 TIBX
Marcus 2Q 0.17 0.17 MCS
Worthington Indus 2Q 0.54 0.45 WOR
Winnebago 1Q 0.37 0.26 WGO
NIKE Inc 'B' 2Q 0.58 0.57 NKE
ConAgra Foods 2Q 0.56 0.57 CAG
AAR 2Q 0.48 0.44 AIR
Darden Restaurants 2Q 0.21 0.26 DRI
Scholastic 2Q 2.20 1.89 SCHL
Cintas 2Q 0.68 0.63 CTAS
Bio Reference Labs 4Q 0.43 0.46 BRLI
F
CarMax 3Q 0.48 0.41 KMX
Walgreen 1Q 0.72 0.58 WAG
Finish Line 3Q 0.01 0.00 FINL
(Earnings are diluted and report dates are tentative. All forecasts
and historical numbers exclude extraordinary items by accounting definitions.)
Economic Calendar:
Consensus Estimate
Day Time
Consesus Est Last Period
M 8:30 Q3 Productivity (f) 2.8% 1.9%
9:15 November Industrial Production 0.5% -0.1%
9:15 November Capacity Utilization 78.4% 78.1%
T 8:30 November CPI 0.1% -0.1%
W 8:30 October Housing Starts 941,000 NA
Th 10:00 November Existing Home Sales 5.02 mil 5.21 mil
10:00 November Leading Indicators 0.5% 0.2%
10:00 December Philadelphia Fed Survey 10.0 6.5
F 8:30 Q3 GDP (f) 3.5% 3.6%
Unless otherwise indicated, times are Eastern. a-Advanced; f-Final; p-
Preliminary; r-Revised
Source: Bloomberg/FactSet
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