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Thursday, January 12, 2006 

Dow down 81 points and Break the 11000 level

Chart courtesy of stockcharts

Profit Taking in USA Markets or something more ?

The market's move lower was unsurprising after the major indexes reached new 4 1/2-year highs Wednesday for the second time in a week. Also the crude still showing some resistance to fall, the futures prices remained elevated and worries about the resumption of Iran's nuclear research program weighed on the market. Iran is "not worried" about its possible referral to the UN Security Council over its nuclear programme, a senior nuclear official told state television on Thursday. The market also was pressured by downgrades for Coca-Cola Co. and J.P. Morgan Chase and earnings uncertainty.

Today Hot stocks

AAPL - Bear Stearns upgraded its rating to "outperform" from "peer perform" and raised its price target on the stock to $105. UP 0.47% to 84.29

BBBY - CSFB upgraded to "outperform" from "neutral." UP 2.10% to 37.10

IDNX - Viisage Technology said it would buy the fingerprint identification firm for about $770 million in a deal that places a 45 percent premium on Identix's shares. UP 20% to 6.98

PKS - Bear Stearns raised its rating to "outperform" from "peer perform" . UP 7% to 9.85

FD - Department store chain announced plans to sell its Lord & Taylor stores by the end of the year. UP 1.8% to 72.95

After Hours

Most Actives - ABS , MCD , DELL , HCA
Hot Stocks - ANTP , SPRI

Earnings for tomorrow January 13

MBTF , OAKF , SRR , TCB , VPS , WFSL ,

Macro Economic News for tomorrow

Retail Sales - Consensus 0.8 %
Retail Sales less autos - Consensus 0.4%
PPI - Consensus 0.4%
PPI less food & energy - Consensus 0.2%

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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