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Tuesday, January 10, 2006 

Alcoa fell sharply, Nasdaq new High

Chart courtesy of stockcharts

Nasdaq with a new year high at 2320 !!

Nasdaq goes up for the sixth consecutive session and reach the Overbought conditions. We have more space to go up but more limited now as show the Fullstochastic Indicator.

Chart courtesy of stockcharts

Shares of Alcoa Inc. fell sharply Tuesday as investors reacted swiftly to the giant aluminum producer's unexpectedly weak fourth-quarter earnings.
Alcoa's net earnings for the three months ended Dec. 31, released after the closing bell Monday, came in at 26 cents a share, down from 30 cents in the year-ago period.
Alcoa pinned the weak results on a series of production problems, including hurricane damage to facilities in Texas and Jamaica, and rising raw materials and energy prices, which cut into gains from higher aluminum prices and strong orders from the aerospace sector.

Also today UBS downgraded Alcoa to "neutral" from "buy" a day after the Dow component said its quarterly earnings fell 16 percent.

Alcoa has now a good support near 28$.

Today Hot Stocks

AAPL - CEO Steve Jobs said robust iPod sales helped the company post $5.7 billion in revenue last quarter. UP 6.32% 80,86$

HAS - Piper Jaffray raised its rating to "outperform" from "market perform". UP 6.79% 21.59$

SVU - Reported that its third-quarter earnings climbed to $75.2 million from $64.9 million a year earlier. UP 4.5% 34.30$

OVRL - Raised its earnings outlook for 2007 and 2008 after securing two new contracts. UP 18% 9.63$

After Hours

Most actives : VZ , MRH , DIA , RAD
Hot stocks : DNA , CRAY , ADBL , KOMG , VLTS

Earnings for Tomorrow January 11

BPOP , QEPC , SNX , AUO

That's All. Have a nice evening !!!

AC



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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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