Wall Street Addict

Concerns over the weakening economy led Macy's (NYSE:M) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%. The Short Term PowerRatings for M is 7.
Among those financial stocks rebounding on Friday were shares of Wachovia (NYSE:WB) , up more than 34%. The Short Term PowerRatings for WB is 4.
Johnson & Johnson (NYSE:JNJ) reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12. The Short Term PowerRatings for JNJ is 6.
Traders worried that Morgan Stanley might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%. The Short Term PowerRatings for MS is 8.
Reporting earnings before the market opens on Tuesday, PepsiCo (NYSE:PEP) is expected to announce EPS of 1.08. The Short Term PowerRatings for PEP is 6.
Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (NYSE:XOM), which lost more than 8% on Friday. The Short Term PowerRatings for XOM is 5.
Capital One Financial (NYSE:COF) announced on Friday that it would no longer provide inventoary financing to automobile dealers in New York and New Jersey. The Short Term PowerRatings for COF is 5.

Labels: Capital One Financial, COF, Exxon Mobil, Hot Stocks, JNJ, PEP, Wachovia, WB, XOM

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Bank of America (NYSE:BAC - News) reports earnings on Tuesday morning, with traders looking for $0.18 EPS. BAC's PowerRating (for Traders) is 5.
DuPont (NYSE:DD - News) is looking to report $0.49 EPS on Tuesday before the market opens. DD's PowerRating (for Traders) is 5.
Analyst will be watching for Fastenal (NasdaqGS:FAST - News) to announce $0.36 EPS on Tuesday before the bell. FAST's PowerRating (for Traders) is 6.
When Johnson & Johnson (NYSE:JNJ - News) announces quarterly results on Tuesday morning, watch for $0.86 EPS. JNJ's PowerRating (for Traders) is 6.
Suncor Energy (NYSE:SU - News) is poised to announce $1.51 EPS early Tuesday morning. SU's PowerRating (for Traders) is 6.
UnitedHealth (NYSE:UNH - News) should report $0.92 EPS on Tuesday morning. UNH's PowerRating (for Traders) is 6.
Wachovia (NYSE:WB - News) is expected to report $0.33 EPS early Tuesday. WB's PowerRating (for Traders) is 6.

Labels: BAC, DD, FAST, JNJ, Stocks to Watch, SU, UNH, WB

On Friday the stock market continued to fall with the Dow plunging 223 points and the Nasdaq falling 68 points. The show guided investors through the difficulties of profiting in a down market. Najarian suggests Cisco Systems (CSCO) as a buying opportunity here. He also likes Apple (AAPL) which he mentioned is now selling the iPhone in Germany and soon China. Adami likes EMC (EMC) calling it a real story. Seymour recommends Microsoft (MSFT) and Finerman agreed. Finerman also thinks Altria (MO) is smoking and Adami recommends Unilever (UL). Najarian thinks international and weak dollar plays like McDonald's (MCD) and Coke (KO) will continue to work.Bank stocks like Wachovia (WB), JPMorgan (JPM), and Bank of America (BAC) finished up on Friday. Najarian was with Citigroup (C). He mentioned that the Financial Select Sector SPDR Fund (XLF) saw 2-to-1 call options buying on Friday.
Word on the Street Merck (MRK) announces plans to pay $4.85 billion to settle most of the remaining Vioxx lawsuits. Adami recommends buying GlaxoSmithKline (GSK) here.E*Trade (ETFC) fell 13% after hours.
Retailers Wal-Mart (WMT) and Macy's (M) are set to report earrings next week. One interesting name to look at is low cost retailer TJ Maxx (TJX) which could be benefiting from consumers looking to save money. Finerman is sticking with Wal-Mart for a long term investment. Macke advises buying The Gap (GPS) and GameStop (GME).
Steel Trade Bearish news from both the housing and auto sectors has helped push U.S. Steel (X) down 7% this week. Seymour mentioned that possible suitors include POSCO (PKX) and some Russian steel makers. Seymour would watch is Mechel (MTL) as well.
Pops & Drops Pops- Monsanto (MON) traded up 3.5% after the company said it will double profits to the tune of $8 billion over the next five years.Allstate (ALL) traded up 4% after Citigroup upgraded the stock.Drops- Clearwire (CLWR) plunged 38% after Sprint Nextel (S) canceled a deal.Washington Mutual (WM) fell 11% off a investigation started by New York Attorney General Andrew Cuomo into the bank's dealings with mortgage appraisers.Fannie Mae (FNM) fell 6% after reporting a loss for the third-quarter.Whirlpool (WHR) fell 4% off a negative Barron's article.NASDAQ (NDAQ) dropped 10% after private equity firm Hellman & Friedman sold 23 million shares.
MisfiresOn October 25th Adami was a buyer of Sotheby's (BID) and since his call the stock fell 8%.October 2nd Finerman recommended buying Kohl's (KSS) and since her call, the stock has been crushed falling 20%. Najarian advocated buying Cisco Systems (CSCO) ahead of the earnings report and was dead wrong and Cisco fell 10% since his call on Tuesday.
Quicker Than the TickerOn October 15th Najarian said buy SunPower (SPWR) and Suntech (STP). He nailed the call and the stocks screamed up by as much as 50%.November 2nd Seymour picked Russian cellphone providers VimpleCom (VIP) and Mobile Telesystems (MBT). Seymour was right and both stocks climbed 6% in 5 days.October 15th Finerman recommended Flowserve (FLS). She was deadly accurate and the stock climbed 20% since her call.October 25th Adami suggested shorting Exxon Mobil (XOM) ahead of earnings. Adami was correct and XOM fell 4% after missing earnings.
Final Trade (Green)Adami favors BorgWarner (BWA) for a play on fuel efficiency and emissions control.Najarian feels positive about Energy Conversion Devices (ENR).Seymour recommends Powershares Water Resources ETF (PHO).Finerman likes Kaiser Aluminum (KALU).

Labels: AAPL, BAC, CSCO, EMC, ETFC, Fast Money Recap, GME, GPS, GSK, JPM, KO, MCD, MO, MRK, MSFT, MTL, TJX, UL, WB, XLF

Summary: Subprime-leery investors avoid financial/lending stocks lately, especially US-centric ones like Raymond James Financial (NYSE: RJF - News). But RJF has no subprime exposure, has recorded 20% higher net income and a 41% revenue increase in Q2 from rising deposits—not loans. Bank revenue should contribute $0.19/share in 2008 profits, up from a previously forecast $0.12/share, where $0.35/share is expected for 2009. Though RJFs $31 shares trade at a relatively expensive 13.5 P/E or 2.4 book value, that's offset by $3/share in cash and equity. That's roughly 11% of total assets vs. big brokers like Merrill Lynch (NYSE: MER - News) and UBS (NYSE: UBS - News) with just 3%. RJF should actually benefit from Wachovia's (NYSE: WB - News) buyout of rival A.G. Edwards (NYSE: AGE - News) as former AGE brokers go looking for better pay packages, taking their commissions with them. Operational streamlining has led RJFs 4,640 financial advisors to generate 40% more revenues/assets per advisor since 2004. Analysts have largely missed the $3.7 billion cap company's potential as the largest independent brokerage house. CEO Thomas James says RJFs not for sale, but bulls say the stock could reach $37-$38, or even $40 if the buyout price is right.
Published by SeekingAlpha

Labels: AGE, Barron's, MER, RJF, UBS, WB

Stock prices are higher in early trading today with the Dow Jones industrials up 22.43 to 13,655.51, the Nasdaq Composite higher by 11.11 at 2,603.70 and the Standard & Poor's 500 up 3.59 at 1,533.82. Wall Street received another batch of acquisitions but mixed news on the economy. Later Thursday morning, the Commerce Department will report on construction spending, which is expected to have slipped 0.1 percent in April after rising 0.2 percent in March. The Chicago Purchasing Managers will release its manufacturing index. Economists predict the Chicago PMI to have risen to 54.0 in May from 52.9 in April.
Investors hope the economy will keep expanding, but not so fast that it prevents the Federal Reserve from lowering interest rates later this year. Stocks soared Wednesday when minutes from the Fed's latest meeting indicated the central bank is not inclined to make a rate hike.
While Wall Street is unsure about the economic outlook, it remains buoyed by the unrelenting surge of takeover activity. On Thursday, banking company Wachovia Corp. said it would acquire A.G. Edwards Inc. for $6.8 billion in cash and stock to form one of the largest retail stock brokerages in the country. And payroll processor Ceridian Corp. said late Wednesday it will be bought out by investment firm Thomas H. Lee Partners LP and insurance provider Fidelity National Financial Inc. for about $5.3 billion.
Meanwhile Thursday, discount retailer Costco Wholesale Corp. and jewelry seller Tiffany & Co. released their financial results. Costco posted a fiscal third-quarter profit decline of 4.9 percent, while Tiffany reported a 15 percent rise in fiscal first-quarter profit -- indicating that consumer demand for big-ticket items remains robust.
Retailer Sears Holdings Corp. reported a solid 20 percent gain in earnings from the recent quarter, but said its U.S store sales dropped.
The dollar was mixed against other major currencies, while gold prices rose.
Crude oil futures fell 39 cents to $63.18 a barrel in preopening electronic trading on the New York Mercantile Exchange, ahead of data on U.S. petroleum inventories.
Chinese stocks rebounded a bit Thursday after a sharp drop a day earlier. The Shanghai Composite Index rose 1.4 percent.
Japan's Nikkei stock average rose 1.63 percent. In afternoon trading, Britain's FTSE 100 was up 0.51 percent, Germany's DAX index was up 1.47 percent, and France's CAC-40 was up 1.07 percent.
Source: AP

Labels: AGE, CEN, COST, FNF, TIF, WB