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7/22 Watching $LKEN .001 -37% for bottom entry

Administrator - Tuesday, 22 July 2014 06:51

1:22pm still watching finger on trigger MM CANT first move then mine

1:04pm Watching  .001 -37% for bottom entry

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Existing-home sales rise 2.6% in June
WASHINGTON (MarketWatch) — Rising for a third month, sales of existing homes grew 2.6% in June to a seasonally adjusted annual rate of 5.04 million, reaching the highest level since October, the National Association of Realtors reported Tuesday. Economists polled by MarketWatch had expected the sales rate to increase to 5 million in June from an originally reported 4.89 million in May, driven by a strengthening labor market, more homes on the market, and cooling price growth. On Tuesday NAR revised May’s sales rate to 4.91 million. Market conditions are becoming more balanced, but anecdotes still point to a shortage of homes on the market, said Lawrence Yun, NAR’s chief economist. The median sales price of used homes hit $223,300 in June, up 4.3% from the year-earlier period. June’s inventory was 2.3 million existing homes for sale, a 5.5-month supply at the current sales pace. The number of homes available for sale was up 6.5% from the year-earlier period. Including June’s increase, the pace of sales was down 2.3% from a year earlier.

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Early movers: KO, MCD, VZ, AAPL, NFLX, CS & more
http://www.cnbc.com/id/101855298

Chipotle, Herbalife and McDonald’s are stocks to watch Tuesday: http://huntforthenext10bagger.com/stockearnings

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U.S. stocks: Futures climb ahead inflation data, Apple
Stocks set to rebound after geopolitical-driven decline

LONDON (MarketWatch) — U.S. stock futures indicated a slightly higher open on Wall Street on Tuesday, ahead of inflation and housing data. Prominent earnings reports from Coca-Cola Co. and McDonald’s Corp. will come premarket, with Apple Inc. reporting after the closing bell.

Futures for the Dow Jones Industrial Average (CBE:DJU4) rose 26 points, or 0.2%, to 17,009, while those for the S&P 500 index (GLC:SPU4) picked up 2.90 points, or 0.2%, to 1,969.20. Futures for the Nasdaq 100 index (GLC:NDU4) climbed 7.75 points, or 0.2%, to 3,933.50.

Investors are facing a busy day both on the data and the corporate front, with second-quarter results set to come through thick and fast.

The highlight among macroeconomic releases ia the June inflation report, due at 8:30 a.m. Eastern Time. It is forecast to show consumer prices rose 0.3% in June , slower than the 0.4% reported in May. Rising gasoline and food prices likely drove the expected increase in consumer prices, according to economic forecasts.

Later Tuesday morning, the National Association of Realtors will report on existing-home sales at 10 a.m. Eastern Time, and economists expect an annual rate of 5 million for June, compared with a 4.89 million pace in May. The FHFA house-price index is also due in the morning. http://www.marketwatch.com/story/us-stocks-futures-climb-ahead-of-inflation-data-apple-2014-07-22?dist=beforebell

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‘Misery’ and other ingredients for a bear market are still missing

MW-CN956_misery_MG_20140721085320

This being the most hated bull market in memory, it’s no surprise that traders and investors are nervously looking for the catalyst that will spark not only the next selloff, but the next bear market.

But so far, some of the most crucial ingredients for a full-fledged retreat remain missing, a pair of analysts argued in separate notes Monday.

First up, Ed Yardeni of Yardeni Research. He argues that the next bear market will be caused by the next recession. Recessions are usually the caused by a tightening of monetary policy. While the Fed is likely to start hiking rates next year from near-zero levels, it’s hard to see the move causing a recession “right away,” he argues, although it is possible that even a modest tightening could shock the financial system.

For now, he’s penciling in growth through at least the end of 2015. As for the relationship between stocks and the economy, Yardeni puts a lot of emphasis on his “misery index” (see chart above), which is the average of the unemployment rate and a core inflation measure. The index fell to 7.8% in May from the most recent cyclical peak of 11.5% in March 2010. If unemployment continues to fall at its current pace, it would hit 5.5% by December, while inflation, though on the rise, is likely to remain subdued at around 1.5%, he says. http://blogs.marketwatch.com/thetell/2014/07/21/misery-and-other-ingredients-for-a-bear-market-are-still-missing/

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Gasoline, food prices seen lifting inflation in June
Rising gasoline and food prices likely drove an increase in consumer prices in June, according to economist forecasts.
MW-CN989_CPI072_MG_20140721151436

Economists polled by MarketWatch expect the government to report Tuesday morning that the consumer-price index rose 0.3% in June. A 0.3% rise would be slower than 0.4% in the prior month, but higher than an average monthly gain of 0.2% over the year through May, according to the Bureau of Labor Statistics. Stripping out volatile food and energy categories, economists expect this core reading to show inflation of 0.2% in June, compared with 0.3% in May.

The CPI has climbed from as low as 1.1% year-on-year in February to 2.1% in May. Federal Reserve Chairwoman Janet Yellen has described the increase as “noisy.” The Fed’s favored gauge of inflation – the Bureau of Economic Analysis’s personal-consumption-expenditures index – has also shown a substantial pickup in recent months, with annual inflation hitting 1.8% in May, compared with 0.8% in February.

BLS will release the inflation data at 8:30 a.m. Eastern.

Later Tuesday morning, the National Association of Realtors will report on existing-home sales, and economists expect an annual rate of 5 million for June, compared with a 4.89 million pace in May. At least three factors are working in favor of home sales: mortgage rates have trended down since the year started, home-price growth is cooling off and there are more properties available for sale.

However, economists still expect existing-home sales for all of 2014 will wind up below last year’s final tally, pulled lower by a weak first quarter.

NAR will release the home-sales data at 10 a.m. Eastern.

7/21 After-hours buzz: Apple, Chipotle, Netflix & more

Administrator - Monday, 21 July 2014 07:26

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 7/21 close:
http://huntforthenext10bagger.com/biggest-otc-movers

Nasdaq Scans 7/21:
http://huntforthenext10bagger.com/nasdaq-scans

Active Options 7/21:
http://huntforthenext10bagger.com/active-options

After-hours buzz: Apple, Chipotle, Netflix & more
http://www.cnbc.com/id/101853613

Apple – Shares of the iPhone maker rose ahead of its earnings, due after the bell on Tuesday.

Chipotle Mexican Grill – The restaurant operator posted second-quarter earnings per share of $3.50 on $1.05 billion in revenue. Expectations called for EPS of $3.09 on $990 million in sales. Shares gained in after-hours trading.

Read More: Chipotle tops forecasts; stock jumps

Netflix – The online provider of television and film reported second-quarter earnings per share of $1.15 on $1.34 billion in revenue, versus expectations of EPS of $1.16 on $1.34 billion in sales. Shares rose in after-hours trading.

Texas Instruments – The maker of semiconductors tallied second-quarter earnings per share of 62 cents on $3.29 billion in revenue, compared to estimates of EPS of 59 cents on $3.27 billion in sales. Shares dropped in after-hours trading.

Time Warner – The entertainment company said in a regulatory filing that it had cut a provision from its bylaws that would allow shareholders to call a special meeting, removing one avenue investors could use to push the company to sell. Its shares fell in after-hours trading.

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ScreenHunter_14 Jul. 21 16.13

U.S. stocks end lower amid geopolitical tensions
EMC rallies on Elliott Management Corp stake news

NEW YORK (MarketWatch) — U.S. stocks closed lower on Monday as investors remained jittery amid escalating war in Gaza and possible tougher sanctions against Russia.

The death toll inside Gaza mounted over the weekend as Israel stepped up its ground war, while European policy makers debated tougher sanctions against Russia in the wake of the downing of a Malaysia Airlines passenger jet.

The S&P 500 (SNC:SPX) closed 4.58 points, or 0.2%, lower at 1,973.64, with 9 of 10 sectors in the red. The Dow Jones Industrial Average (DJI:DJIA) shed 48.45 points, or 0.3%, to 17,051.73. The Nasdaq Composite (NASDAQ:COMP) slipped by 7.44 points, or 0.2% at 4,424.70.

Quincy Krosby, market strategist at Prudential Financial, said that investors do not react to geopolitical news unless they think it would impact the earnings potential of companies.

“There is a notion that markets are callous to horrendous events in Gaza and Ukraine, but markets are not think-tanks. At the end of the day, it’s all about companies’ abilities to earn a profit,” Krosby said.

There were no economic events for Monday and a scant amount of earnings, leaving investors to face down a day of rising global tensions. http://www.marketwatch.com/story/us-stocks-futures-dip-on-israel-russia-headlines-2014-07-21

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Gold perks back up with all eyes overseas
Hedge funds cut bullish bets for the first time in six weeks

NEW YORK (MarketWatch) — Now that heightened geopolitical risks have injected some volatility in markets, gold drew plenty of attention on Monday and saw prices move higher.

Gold for August delivery (CNS:GCQ4) rose $4.50, or 0.3%, to settle at $1,313.90 an ounce. September silver (CNS:SIU4) tacked on 12 cents, or nearly 0.6%, to end at $21.01 an ounce.

Looking ahead, Walter de Wet of Standard Bank says that price sensitivity in Asia could provide a headwind that keeps gold from logging any meaningful advances.
“The renewed political tension may introduce a marginal risk premium into the gold price in coming days,” he said. “However, unless the situation deteriorates substantially, we doubt that additional demand introduced via political risk can offset the decline we expect from Asia if the gold price rallies too high.” http://www.marketwatch.com/story/gold-perks-back-up-with-all-eyes-overseas-2014-07-21

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Stocks drop on global worries; Dow down 100 points
U.S. stocks declined on Monday as global disapproval of Russian President Vladimir Putin increased after the downing of a passenger plane in Ukraine and amid international calls for a truce in the Israeli-Palestinian conflict. http://www.cnbc.com/id/101852308

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10:39am Been accumulating  .0007  commercials start soon  VH1, Fuse, Pivot, CNBC, Fox Business & more…

 .0007 Imerjn Announces Television Commercial Schedule for Personalized Cloud

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Netflix, Chipotle, TI are Monday’s stocks to watch: http://huntforthenext10bagger.com/stockearnings

Economic Calendar: http://huntforthenext10bagger.com/economic-calendar

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[Most Recent Quotes from www.kitco.com]
Gold holds above $1,300 as geopolitical risks eyed
Gold steadied above the $1,300 an ounce support level on Monday, aided by anticipation of increased geopolitical risks as the United States began demanding answers from Russia after a Malaysian plane was downed in eastern Ukraine. http://www.cnbc.com/id/101851418

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U.S. stocks: Futures off on Gaza, Russia headlines
Apple, Boeing earnings among the week’s heavy hitters

MADRID (MarketWatch) — Stock futures edged lower on Monday, as investors took in news of a deadly weekend in the Israel-Palestinian conflict and potentially tougher sanctions from Europe against Russia over the downing of a Malaysia Airlines passenger jet.
Futures for the Dow Jones Industrial Average (CBE:DJU4) fell 29 points to 17,003, while those for the S&P 500 index (GLC:SPU4) fell 3.6 points to 1,968. Futures for the Nasdaq-100 index (GLC:NDU4) dipped 2.25 points to 3,928.
“We are seeing a push toward more defensive sectors [in Europe] and expect that to follow suit when U.S. markets open,” said Brenda Kelly, chief market strategist at IG .
There are no economic events for Monday and a scant amount of earnings, leaving investors to face down a weekend of rising global tensions. On Sunday, Secretary of State John Kerry was caught on an open microphone, ahead of interviews with Sunday talk shows, criticizing Israeli’s Gaza operation after the deadliest day of fighting for both sides since the conflict began. http://www.marketwatch.com/story/us-stocks-futures-dip-on-israel-russia-headlines-2014-07-21?dist=beforebell

7/20 Here’s your second-half playbook for stocks

Administrator - Sunday, 20 July 2014 07:55

Netflix, Chipotle, TI are Monday’s stocks to watch: http://huntforthenext10bagger.com/stockearnings

Economic Calendar: http://huntforthenext10bagger.com/economic-calendar

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Small caps’ slump, Ukraine fears may hold up market
Apple, Boeing report in big week for earnings

NEW YORK (MarketWatch) — In the week ahead, investors will watch to see if there’s more pain for small-cap stocks, often viewed as a gauge of the stock market’s appetite for risk.

MW-CN875_small__20140718120913_MG

They’ll also see if Ukraine fears or other geopolitical worries outweigh what could be another round of upbeat earnings reports and encouraging economic news. That’s after U.S. stocks largely ended higher last week even after a missile downed a Malaysian Airlines passenger jet in battle-torn eastern Ukraine.

The Russell 2000 RUT +1.59% , a key benchmark for smaller-capitalization stocks, lost 0.7% for the week, while the big-cap S&P 500 SPX +1.03% and the Dow Jones Industrial Average DJIA +0.73% gained 0.5% and 0.9%, respectively. The Russell is down for two weeks in a row and off 1% for the year, but the S&P is up 7% in 2014, the Dow has risen 3.2% and the tech-heavy Nasdaq Composite COMP +1.57% has tacked on 6.1% after last week’s 1.6% gain.

Small caps are “threatening to become an anchor to further gains” by the overall market, said S&P Capital IQ strategist Sam Stovall in a note last week. Meanwhile, Colin Cieszynski of CMC Markets described the Russell 2000’s underperformance as “the troops aren’t following the generals,” meaning the market is showing a lack of breadth that might end with a broader slump.

During the past week, the iShares Russell 2000 ETF IWM +1.56% tested a closely watch chart level, its 200-day moving average, as shown in the adjacent chart. This popular vehicle for betting on small caps last spent time below that level in May, then recovered and scored an all-time closing high on July 1 before pulling back again. Read more: Small caps usually suffer intra-year drops of 10% or more

Central bankers deserve some blame for the small fry’s slide. A Federal Reserve report on Tuesday sparked sharp selling in this area of the market, as it said valuations “appear substantially stretched” for “smaller firms in the social-media and biotechnology industries.”

While some market watchers criticized the Fed for opining on particular parts of the stock market, David Lebovitz of J.P. Morgan Funds said the central bank is trying to communicate that it’s focused on both the economy and the market. Fed officials are saying “it all factors into our broad assessment of the current state of play in the U.S.,” said Lebovitz, a global markets strategist. http://www.marketwatch.com/story/small-caps-slump-ukraine-fears-may-hold-up-market-2014-07-20?dist=tbeforebell

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Competition, stock surge fuel boom In mergers

MW-CM989_shire__20140714111740_MG

A $54 billion pharmaceutical tie-up announced Friday is the latest in a string of big mergers that has pushed deal activity past the $2 trillion mark this year, growing at a pace not seen since 2007.
Global takeover activity has climbed 53% since the beginning of the year, compared with the same period last year, according to data provider Dealogic. Among the latest tie-ups, U.S. drug maker AbbVie Inc. said Friday that it agreed to pay about $54 billion to buy Ireland’s Shire PLC.

Reynolds American Inc. signed a $25 billion deal this week to buy rival cigarette company Lorillard Inc., and 21st Century Fox Inc. confirmed it has been pursuing Time Warner Inc. Time Warner has rejected Fox’s bid, valued at about $80 billion, according to people familiar with the matter.

The run of big deals is shaking up the corporate landscape in sectors from cable to telecommunications to pharmaceuticals. As competitors see rivals tie up, they feel pressure to expand, some deal makers said, suggesting the momentum will continue.

A takeover target a company is eyeing “may not be around if they wait too long,” said Mark Gerstein, global chair of mergers and acquisition at law firm Latham & Watkins LLP.

Several trends are contributing to the boom after a lackluster period for mergers following the financial crisis. Companies, particularly in health care, are making overseas acquisitions to take advantage of lower tax rates. The steady stock market is giving companies a currency to strike deals. And chief executives feel emboldened when they see rivals taking chances, deal makers said. An expanded version of is report is at WSJ.com

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Here’s your second-half playbook for stocks
Analysis: The year got off to a slow start, but that’s not a reason to be concerned

MW-CG618_arrows_20140603160044_MG

For years, we’ve expected interest rates to rise. That day is now in view: Earlier this month, the Federal Reserve said it expects to wind down its quantitative-easing program and cease buying Treasury bonds and mortgage-backed securities as soon as October. In the past, Fed Chairwoman Janet Yellen has testified that she would consider raising rates as soon as six months after the end of quantitative easing.

So how should investors be thinking about the second half of 2014? Is this a trial balloon for the markets? And how much of an effect is the end of easing likely to have on individuals’ portfolios?

This year has already had some unique characteristics. Investor expectations for the first half of 2014 focused on stronger economic growth, which led to earnings growth (good) — but that can also lead to inflation and higher interest rates (not so good). The textbook reaction from equity investors in this kind of environment is to pile into economy-sensitive growth stocks, which would respond favorably to a marketplace that’s heating up.

But, during the first half of the year, the expected growth and follow-on rise in interest rates did not materialize. In fact, the opposite happened: The economy did not grow, thanks, in part, to the bitter winter, and interest rates tumbled. First-quarter real (inflation-adjusted) gross domestic product (GDP) registered an annualized drop of 2.9%, the biggest quarterly contraction in five years. At the same time, long-term interest rates plunged, with 10-year Treasury yields dropping about 50 basis points (one-half of a percentage point) to a little over 2.5%. As for the stock markets, the S&P 500 Index registered a respectable total return of 7.1% for the first half.

The biggest risk to a bull market has always been overheating, as most end when investors become euphoric and push prices to unsustainable levels. Now, as the stock markets continue their rise — after a 30%-plus gain in 2013 — prices are no long cheap and are at least fairly valued. The significance of the stock market behavior during the first half of this year is that it is a very healthy, much-needed cool down of investor excitement, preventing stock prices from jumping out of control. Here’s why 2014 is unusual, and why the data suggest that the bull market is not over yet. http://www.marketwatch.com/story/heres-your-second-half-playbook-for-stocks-2014-07-19

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U.S. economy not getting a lot of help from its friends
WASHINGTON (MarketWatch) — The U.S. economy is not getting much help from its friends.

Even discounting the grim headlines from Ukraine and the Middle East, the global economic outlook is starting to look green around the gills.

ScreenHunter_134 Jul. 20 19.36

On Thursday, the International Monetary Fund will release the results of its latest exam of the health of the global economy and the results are not expected to be favorable.

IMF chief Christine Lagarde has already hinted that the outlook will be revised downward.

In April, the IMF was fairly upbeat on the outlook, projecting global growth would rise to 3.6% in 2014 from 3% in 2013.

Three months later, the outlook for Japan and euro-zone economies looks weaker, said Carl Weinberg, chief global economist at High Frequency Economics.

While not “catastrophic” to the U.S., weakness in these two key economies is “unwelcome,” Weinberg said.

In contrast, the U.S. economy has been looking healthier in recent weeks. On center stage this week is the latest reading of consumer price inflation.

Economists expect another firm consumer price index report on Tuesday. On a year-on-year basis, the CPI is expected to be up over 2% Energy prices are expected to post the highest monthly increase since February 2013, according to Millan Mulraine, economist at TD Securities.

The CPI typically runs hotter than the Fed’s favorite inflation index, the personal consumption expenditure index, which was up 1.8% over the past year. The Fed targets 2% inflation over the medium term.

Federal Reserve Chairwoman Janet Yellen has downplayed the recent inflation readings, saying that they were “noisy.” And Charles Evans, president of the Chicago Fed, said he expects inflation will stay below 2%.

There will also be two fresh readings of the health of the housing market. Yellen told Congress last week that the sector has been surprisingly disappointing.

“Tougher mortgage rules and higher prices have countered the lift from recently lower mortgage rates and better job growth,” said Sal Guatieri, senior economist at BMO Capital Markets.

On Tuesday, existing home sales are expected to show some positive momentum. Sales are expected to rise 2.3% in June to 5 million units. This would be the third straight monthly gain but it follows a period where the headline number declined 7 out of 8 months.

Guatieri said that repeat buyers are having to “carry the ball” in the existing home segment as rapidly rising prices have undercut demand from investors and first-time buyers.

New home sales are expected to retreat in June after a strong 18.6% gain in May.

On Friday, durable goods orders are expected to be flat in June after a 0.9% decline in the prior month due to pullbacks in volatile defense goods and civilian aircraft categories, said Ted Wieseman, economist at Morgan Stanley.

Adolfo Laurenti, economist for Mesirow Financial, said the housing and durable goods reports will be good “harbingers” for second half growth.

At the moment, Laurenti still expects the economy to grow 3.5% rate in the second half.

But if housing and capital spending disappoint, “we may have to go back to the blackboard and become more conservative,” he said. http://www.marketwatch.com/story/us-economy-not-getting-a-lot-of-help-from-its-friends-2014-07-20

 

7/18 U.S. stocks rally, post weekly gains

Administrator - Friday, 18 July 2014 07:08

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 7/18 close:
http://huntforthenext10bagger.com/biggest-otc-movers

ScreenHunter_07 Jul. 18 16.12

U.S. stocks rally, post weekly gains
Google rallies,
AMD tumbles after quarterly reports

NEW YORK (MarketWatch) — The U.S. stock market finished the volatile week with modest gains, helped by a bounce on the main benchmarks Friday.

Broad-based gains on the S&P 500 were led by technology and healthcare sector stocks, particularly biotechnology companies.

Investors focused on earnings reports from companies such as Google, Inc and Huntington Bancshares and brushed aside implications of a Malaysia Airlines jet crash in Ukraine and Israel’s invasion of Gaza, which triggered a selloff on Thursday.

The S&P 500 (SNC:SPX) rose 20.1 points, or 1%, to 1,978.22. The Dow Jones Industrial Average (DJI:DJIA) added 123.37 points, or 0.7%, to 17,100.18.

The Nasdaq Composite (NASDAQ:COMP) jumped 68.70 points, or 1.6%, to 4,432.15, as biotech and Internet stocks rallied sharply, after steep drops the day before. The iShares Nasdaq Biotechnology ETF rose 3%, while the Global X Social Media Index ETF rose 1.8%.

Equities on Thursday were rattled by news that 298 passengers were killed in a Malaysia Airlines (KUL:MY:MAS) crash in eastern Ukraine, where fighting between pro-Russian separatists and Ukrainian troops has been going on for months.

U.S. intelligence officials said the jet was shot down by a surface-to-air missile. Follow developments on Flight MH17 here. http://www.marketwatch.com/story/us-stocks-futures-mixed-as-malaysia-jet-crash-stirs-tensions-2014-07-18

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[Most Recent Quotes from www.kitco.com]
Gold fails to hold onto safe-haven gains
Analysts: ETFs showing restraint when it come to gold

MADRID (MarketWatch) — The safe-haven benefits for gold faded on Friday, with the precious metal dropping in electronic trading, as a lack of physical follow-through made that upward move unsustainable, said analysts. http://www.marketwatch.com/story/gold-fails-to-hold-onto-safe-haven-gains-2014-07-18?link=MW_latest_news

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Apple, GE, Google, IBM among stocks to watch:

These stocks could have notable moves on Friday.

General Electric (NYSE:GE) : GE is expected to report quarterly earnings of 39 cents a share on revenue of $36.35 billion.

Apple (NASDAQ:AAPL) : Apple named BlackRock founding partner Susan Wagner to its board to replace Bill Campbell.

AMD (NYSE:AMD) : AMD said it expects third-quarter revenue to increase 2%, plus or minus 3%, sequentially.

Hewlett-Packard (NYSE:HPQ) : H-P named president and CEO Meg Whitman as chairman of the board.

Google (NASDAQ:GOOG) : Google posted second-quarter net income of $3.42 billion, or $4.99 a share, up from $3.23 billion, or $4.77 a share, in the same period a year earlier

IBM (NYSE:IBM) : IBM reported second-quarter earnings of $4.32 on sales of $24.4 billion.

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U.S. stocks: Futures mixed as Malaysia jet crash stirs tensions
Dow component General Electric to release results

LONDON (MarketWatch) — U.S. stock futures were mixed but close to the flatline Friday, in muted moves compared with the previous session’s sell-off in reaction to a deadly Malaysia Airlines jet crash in Ukraine.

The end of the week will bring gauges of consumer sentiment and economic activity, as well as quarterly results from General Electric Co., a component of the Dow Jones Industrial Average.

Futures for the Dow Jones Industrial Average (CBE:DJU4) fell 16 points, or 0.1%, to 16,925, while those for the S&P 500 index (GLC:SPU4) rose 1 point to 1,954. Futures for the Nasdaq 100 index (GLC:NDU4) rose 5 points to 3,881.

Equities on Thursday were rattled by news that 298 passengers were killed in an Malaysia Airlines (KUL:MY:MAS) crash in eastern Ukraine, where fighting between pro-Russian separatists and Ukrainian troops has been going on for months. The UN Security Council was set to hold an emergency meeting on Friday to discuss the Ukrainian-Russian crisis in the wake of the plane crash.

The S&P 500 (SNC:SPX) on Thursday saw its biggest one-day fall since April 10, dropping 23 points, or 1.2%, and the Dow industrials (DJI:DJIA) slide 161 points, or 0.9%, the biggest drop since May 15. http://www.marketwatch.com/story/us-stocks-futures-mixed-as-malaysia-jet-crash-stirs-tensions-2014-07-18?dist=beforebell

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Consumer sentiment getting near levels before recession

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A gauge of consumer sentiment likely slightly rose this month, buoyed by a strengthening labor market, according to forecasts for data to be released Friday morning.

Economists polled by MarketWatch expect the preliminary July reading for the consumer-sentiment gauge from the University of Michigan and Thomson Reuters to rise to 83 from a final June level of 82.5. For context, the index averaged 86.9 over the year leading up the recession.

Despite July’s expected rise, the gauge is likely to remain below pre-recession levels, with consumers weighed down by rising food and gas prices, economists said.

The sentiment data will be released at 9:55 a.m. Eastern.

At 10 a.m. Eastern, the Conference Board will report on its leading-economic index for June, and economists polled by Dow Jones Newswires expect the gauge to post another gain, signaling that the economy will continue to expand. For May the LEI rose 0.5%, pointing to a pick up in growth. http://blogs.marketwatch.com/capitolreport/2014/07/17/consumer-sentiment-getting-near-levels-before-recession/

7/17 S&P 500 drop is the biggest since April 10

Administrator - Thursday, 17 July 2014 06:21

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 7/17 close:
http://huntforthenext10bagger.com/biggest-otc-movers

Nasdaq Scans 7/17:
http://huntforthenext10bagger.com/nasdaq-scans

Active Options 7/17:
http://huntforthenext10bagger.com/active-options

After-hours buzz: Google, IBM, Seagate & more
http://www.cnbc.com/id/101846499

Advanced Micro Devices – The chip maker reported second-quarter revenue in line with estimates but came in just short of expectations on its bottom line, while projecting revenue growth for the third quarter below expectations. Shares slid in after-hours trading.

Google – The search engine posted second-quarter earnings per share of $6.08, excluding items, on $15.96 billion in revenue. Estimates called for EPS of $6.24 on $15.62 billion in sales. Shares rallied in extended trading.

IBM – The technology giant reported second-quarter earnings, excluding items, of $4.32 a share on $24.36 billion in revenue, versus expectations of EPS of $4.29 on $24.13 billion in sales. Shares dipped in after-hours trading.

Schlumberger- The oilfield services company reported a nearly 24 percent drop in quarterly profit, with its shares dropping in after-hours trading.

Seagate Technology – The provider of storage technology fell after reporting fourth-quarter results that matched estimates.

Skyworks Solutions – The supplier of analog semiconductors reported third-quarter earnings that topped Wall Street’s expectations, with shares rising in after-hours trading.

Zhone Technologies – The seller of communications network equipment fell in after-hours trading after reporting second-quarter earnings.

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ScreenHunter_12 Jul. 17 16.57

U.S. stocks sell off after Malaysia Airlines crash in Ukraine
S&P 500 drop is the biggest since April 10

NEW YORK (MarketWatch) — U.S. stocks ended sharply lower Thursday as selling took hold after a Malaysia Airlines jet crashed near the Ukraine-Russia border.
Investors turned to assets perceived as havens, such as U.S. Treasurys and gold, pushing their prices sharply higher.

The S&P 500 (SNC:SPX) closed down 23.45 points, or 1.2%, to 1,958.12, its biggest one-day drop since April 10. The Dow Jones Industrial Average (DJI:DJIA) dropped 161.39 points, or 0.9%, to 16,976.81, its biggest one-day point decline since May 15.

The Nasdaq Composite (NASDAQ:COMP) ended the day down 62.52 points, or 1.4%, at 4,363.45.

Geopolitical risks intensified after news that a Ukrainian fighter jet was shot down by missiles from a Russian plane. Then came reports that a Malaysia Airlines plane had crashed in Ukraine. http://www.marketwatch.com/story/us-stocks-futures-dip-with-morgan-stanley-ukraine-in-mind-2014-07-17

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3:52pm  $2.77 -.13  starts tomorrow maybe we see some upside again. Adding

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ScreenHunter_07 Jul. 17 14.14

Gold rallies 1.3% on Malaysia Airline crash
SAN FRANCISCO (MarketWatch) — Gold futures rose as safe-haven demand revived on reports that a Malaysian Airline passenger jet was shot down over Ukraine Thursday. August gold (CNS:GCQ4) gained $17.10, or 1.3%, for the session to settle at $1,316.90 an ounce on the Comex division of the New York Mercantile Exchange.
ScreenHunter_02 Jul. 17 12.05

Gold surges to highs of day after Malaysian plane crash in Ukraine

[Most Recent Quotes from www.kitco.com]

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ScreenHunter_01 Jul. 17 12.02

U.S. markets react sharply to report of Malaysian plane crash in Ukraine
SAN FRANCISCO — (MarketWatch) U.S. financial and commodities markets reacted sharply to reports a Malaysian Airlines jet flying from Amsterdam to Kuala Lampur crashed in strife-torn Ukraine Thursday. The Dow Jones Industrial Average (DJI:DJIA) fell 58 points to 17,080, while the S&P 500 (SNC:SPX) lost nearly 11 points to 1,971. Gold futures (CNS:GCQ4) rose $16.80 to $1,316.60 an ounce. Interest rates fell as investors shifted into treasurys, with the yield on the U.S. 10-year note falling below 2.5%.

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Early movers: UNH, MSFT, BX, MS, EBAY, YUM & more
http://www.cnbc.com/id/101844354

SanDisk, Yum Brands, Morgan Stanley among stocks to watch: http://huntforthenext10bagger.com/stockearnings

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U.S. stocks: Futures dip with Morgan Stanley, Russia in mind
LONDON (MarketWatch) — U.S. stock futures looked to a slightly lower open for the market Thursday, ahead of quarterly results from Morgan Stanley, a speech on monetary policy by a Federal Reserve official, and a weekly labor-market update.

Futures for the Dow Jones Industrial Average DJU4 -0.22% fell 20 points to 17,037, while those for the S&P 500 index SPU4 -0.38% shed 6 points, or 0.3%, to 1,969. Futures for the Nasdaq 100 index NDU4 -0.27% gave up 8 points, or 0.2%, to 3,915.

While the ongoing corporate earnings season will be a main focus for investors Thursday, attention is turning again to Ukraine tensions after the U.S. and the EU each revealed fresh sanctions against Russia. http://www.marketwatch.com/story/us-stocks-futures-dip-with-morgan-stanley-ukraine-in-mind-2014-07-17

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We’re in the third biggest stock bubble in U.S. history

MW-BU675_1929_c_20140214092519_MG

Here’s a quick question for you. What do the following years have in common:

1853, 1906, 1929, 1969, 1999

Pass the question around your office. Call your money manager and ask him or her, too. Post it on your office notice board.

Give up?

Those were the peaks of the five massive, generational stock-market bubbles in U.S. history.

Investors who bought into stocks around those peaks ended up earning terrible returns over the subsequent 30 years. Forget “stocks for the long run.” They ended up with “stocks for a long face.” The bigger the bubble, the worse returns.

And, according to a new research report, we are back there again.

U.S. stocks are now about 80% overvalued on certain key long-term measures, according to research by financial consultant Andrew Smithers, the chairman of Smithers & Co. and one of the few to warn about the bubble of the late 1990s at the time.

The five dates listed at the start of this article, he says, are the only times since 1802, when data began being tracked, when stocks have been 50% or more overvalued according to these measures. And only two of those bubbles — 1929 and 1999, both of which were followed by disastrous crashes — were bigger than today.

That’s right: According to Smithers’s data, we are now in the third biggest bubble in U.S. history. (Oh, to jump ahead slightly, he also suspects it will go up even further before it comes back down.)

Smithers bases his analysis on a combination of measures: Subsequent 30-year returns, and a comparison of U.S. stock prices (since 1900) in relation to a key measure called “Tobin’s q,” which looks at how much it would cost to replace corporations’ assets from scratch. The two measures march closely together: For over 100 years, nothing has predicted investors’ future 30-year returns better than to compare the stock market to the q.

Smithers used data from Jeremy “Stocks for the Long Run” Siegel, from London Business School professor Elroy Dimson and his colleagues, and from London University finance professor Stephen Wright

Caveats to this alarming analysis? My MarketWatch colleague Howard Gold recently warned that fear can be dangerously seductive and influential when it comes to financial news, and he’s right. One should always take a deep breath and a pause for thought when reading anything deeply bearish (or bullish). Smithers has been bearish for some time, although he has not attempted to predict short-term moves in the market.

Today Smithers argues that stock prices are first likely to go even higher, because they are being driven upwards by two forces. The first is the Federal Reserve’s “quantitative easing” program – the policy of flinging money at the banks in the hope some of it doesn’t stick, but finds its way into the wider economy. The second is corporate buying. Under-appreciated at the moment is that the top buyers of U.S. stocks these days are the companies themselves. U.S. companies have been borrowing aggressively and using the money to buy their own stock.

Probably the most important single implication of this analysis is not what is going to happen today or next week or even next year. It is to remind investors that stocks in aggregate have not always generated high returns. On the contrary, the stock market has throughout modern history gone in long waves, with booms of several decades, followed by mediocre or even disastrous returns for many years. Since hardly anybody studies history any more – and people on Wall Street think they can extrapolate the future from 20 years’ data – this one insight is likely to be heavily under-appreciated.

If Smithers is right, what are the possible icebergs that could come along sooner or later and sink today’s market? He suggests several.

First, the Fed could be the cause as it winds down quantitative easing, a policy on track to end this year. As research by Smithers and others show, the stock market boom since 2009 has almost exactly tracked the rapid increase in the money supply.

Second, companies could stop borrowing and buying shares of their own stock. All the talk of fat corporate balance sheets hides the problem that U.S. companies have actually been increasing their leverage. To keep buying in stocks they would have to continue to do so – ad infinitum, perhaps.

The third could be a return to 1970s-style stagflation. Smithers notes that — contrary to what you may hear from the bulls — U.S. productivity growth has been slowing for years, and indeed has been tumbling recently. Such slowing growth, Smithers notes, could set the stage for a rise in inflation and interest rates, or a sluggish economy. Either, in turn, could weaken stock prices and investor optimism.

My take? The older I get the more I sympathize with Socrates, who supposedly said that the only thing he knew was how little he knew (or something similar). However, I give Smithers’s analysis a lot of weight. It is, after all, based on hard numbers, unsentimental analysis, and a deep study of history.

All three are in short supply elsewhere on Wall Street. http://www.marketwatch.com/story/were-in-the-third-biggest-stock-bubble-in-us-history-2014-07-15

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