This Month in Stocks: 11/3 - 11/30/07

[Bullitt]

7, Jeez how many does it take? We had one in April a few figured it to be curtains.

 

[Show-me]

This Month in Pain.

The main point that I did not know was the 7 were in the last 30 days. WOW!!! I need a very big drink tonight when I get home............... maybe two. :nuts::blink:

 

[Show-me]

Retail number are weak. Target was the only shining star. Today hinges on what B52 Ben sez on the Hill today.

 

[Show-me]

Tuesday morning earnings.

OK, heads up. Monday, no playing. Tuesday before the bell WMT and HD report earning. Any ideas anyone?

http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3273

 

[Show-me]

More ED.

And, pending home sales. Followed swiftly, the next day, by retail sales and PPI. :worried:

Place your bets folks.

 

[Show-me]

AP
Consumer Confidence Hits 2-Year Low
Friday November 9, 6:50 am ET
By Martin Crutsinger, AP Economics Writer Consumer Confidence Plunges to Lowest Reading Since Gulf Coast Hurricanes of 2005
WASHINGTON (AP) -- Consumer confidence plunged in early November to the lowest level since Hurricane Katrina battered the Gulf Coast and sent oil prices soaring in 2005. The RBC Cash Index showed consumer confidence fell to a reading of 64 this month, down sharply from an early October reading of 80.6, when consumer sentiment was on the upswing as the stock market stabilized temporarily following a turbulent August.

http://biz.yahoo.com/ap/071109/consumer_confidence.html

 

[Show-me]

http://biz.yahoo.com/ap/071109/wachovia_writedowns.html


AP
Wachovia Portfolio Value Falls in Oct.
Friday November 9, 7:14 am ET Wachovia to Set Aside Up to $600 Million for Loan Losses in 4th Quarter
NEW YORK (AP) -- Wachovia Corp. said Friday the value of its collateralized debt obligations sank in October by an estimated $1.1 billion pretax, requiring a writedown of about $1.11 per share for the month of October.
Wachovia's writedowns for its exposure to mortgage-backed securities and CDOs -- complex instruments that combine slices of different kind of risk -- totaled 35 cents per share for the entire third quarter.
In a regulatory filing with the Securities and Exchange Commission, the financial services provider said the market in November so far remains "extraordinarily volatile." The company plans to boost its allowance for loan losses in the fourth quarter due to expected credit deterioration in the housing market in certain regions. The provision is pegged at $500 million to $600 million in excess of charge-offs in the quarter.

 

[James48843]

S&P futures vs fair value: -19.5.
Nasdaq futures vs fair value: -37.0.

The open looks like it's going to be pretty bad this morning. Europe and Japan are both down over a percent.

Seems like it should be time for a pause to the bloodletting, don't you think?

Perhaps time to begin averaging back in?

 

[Show-me]

James,
I agree.

 

[vectorman]

I wonder where we're really at. I really haven't seen true depression yet, people are still playing the game. This market may have a while to go before that happens. Timers market, not for the faint hearted.

View attachment 2458


http://stocktiming.com/Friday-DailyMarketUpdate.htm

 

[Show-me]

Six Flags. There goes the farm.

http://finance.yahoo.com/q?s=SIX

 

[fedgolfer]

I wonder where we're really at. I really haven't seen true depression yet, people are still playing the game. This market may have a while to go before that happens. Timers market, not for the faint hearted.

View attachment 2458


http://stocktiming.com/Friday-DailyMarketUpdate.htm

my guess is short term we're at hope to relief
long term, we're around panic or god forbid... we're just at fear. Cause I know I just went through some denial!!!!!

anyone else?

 

[Show-me]

http://www.pbs.org/nbr/wrapper/marketmonitor.html

PBS Market Monitor, check it out!!!

 

[poolman]

http://www.pbs.org/nbr/wrapper/marketmonitor.html

PBS Market Monitor, check it out!!!

I watched the video and did not see anywhere when this video was taken "Dated". I don't agree with anything said in the video even if it was this Friday's video. "15800 dow as soon as first quarter next year". How in the world is that going to happen ? Is the housing market and subprime problem going to make an immediate U-TURN ?

NOT IN THE BIG PICTURE...

All fundamental's and Chart pattern's have busted through support level's...

We are going down further IMO.... View attachment 2470

 

[Show-me]

I have seen the schedule and it is the correct date. Kind of bullish IMO, but what do I know, I'm just average Joe six pack.

 

[Show-me]

Happy Birthday Marines!!!! Semper Fi!!!!

 

[Show-me]

The Week Ahead

Last Update: 09-Nov-07 09:45 ET

Following this week's market turbulence, investors will keep a close watch over next week's economic and earnings data for signs of stability.

October Retail Sales will provide a valuable measure of consumer strength heading in to the holiday shopping season. The PPI and CPI reports, along with the Capacity Utilization report, offer the latest in inflationary measures. These reports, and others, can be previewed on our Economic Calendar.

The third quarter earnings reporting season is coming to an end, as evidenced by the growing number of retailers on the reporting calendar. Briefing.com's Earnings Calendar shows a complete list of companies scheduled to report, but an abridged list of notable names includes Tyson Foods (TSN), Home Depot (HD), J.C. Penney (JCP), Wal-Mart (WMT), Applied Materials (AMAT), Tyco (TYC), and Starbucks (SBUX).
________________________________________________________________
Monday, November 12:

Earnings: Blackstone Group (BX), Tyson Foods (TSN), EchoStar (DISH), Bob Evans (BOBE), Orbitz (OWW)

Economic Data: None

Events: Casella Waste Systems Analyst Day, Tyson Foods Analyst Day, TSYS Investor Presentation

Conferences: Citigroup Biotech Unplugged Conference, Deutsche Securities Gaming Forum

Fed Speakers: None

Tuesday, November 13:

Earnings: Home Depot (HD), Pilgrim's Pride (PPC), TJX Co's (TJX), Wal-Mart (WMT), La-Z-Boy (LZB)

Economic Data: September's Pending Home Sales, Treasury's October Budget

Events: McDonald's Analyst Meeting

Conferences: Credit Suisse Healthcare Conference, Merrill Lynch Banking and Financial Services Conference, Morgan Stanley Global Consumer and Retail Conference

Fed Speakers: Fed Governor Kroszner speaks at a Standard & Poor's 2007 Bank Conference in New York

Wednesday, November 14:

Earnings: Applied Materials (AMAT), Petsmart (PETM)

Economic Data: October Retail Sales, October Producer Price Index (PPI), September Business inventories, Weekly Crude Inventories

Events: Lexmark Analyst Day, Qualcomm Analyst Meeting

Conferences: Credit Suisse Healthcare Conference, Merrill Lynch Banking and Financial Services Conference, Morgan Stanley Global Consumer and Retail Conference

Fed Speakers: Dallas Fed President Fisher speaks on U.S. outlook in Sydney, Australia; Fed Chairman Bernanke speaks at Cato Institute Monetary Conference

Thursday, November 15:

Earnings: JC Penney (JCP), Tyco (TYC), Kohl's (KSS), Starbucks (SBUX)

Economic Data: October Consumer Price Index, Weekly Jobless Claims, November New York Empire State Index, November Philadelphia Fed Index

Events: Hasbro Analyst Meeting, Charles Schwab Business Update

Conferences: Bank of America Energy Conference, Credit Suisse Healthcare Conference, Merrill Lynch Banking and Financial Services Conference, Morgan Stanley Global Consumer and Retail Conference

Fed Speakers: Chicago Fed President Evans provides welcome at Chicago's bank conference, Kansas City Fed President Hoenig speaks on economic outlook in New Mexico

Friday, November 16:

Earnings: Ann Taylor (ANN)

Economic Data: September Net Foreign Purchases, October Industrial Production, October Capacity Utilization report

Events: None

Conferences: Bank of America Energy Conference

Fed Speakers: Atlanta Fed President Lockhart speaks on Southeast economic outlook in Montreal

--Jeffrey Ham, Briefing.com

http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20071109094713LookingAhead

 

[Show-me]

Walmart, Home Depot, earnings Tuesday.

http://www.marketwatch.com/news/sto...x?guid={EAF79A6B-20CD-49F2-9A2A-8B1A9B8A28D6}

EARNINGS OUTLOOK
Wal-Mart, Home Depot to paint retail picture

By Andria Cheng, MarketWatch
Last Update: 6:35 PM ET Nov 9, 2007

NEW YORK (MarketWatch) -- The top two U.S. retail giants, Wal-Mart Stores Inc. and Home Depot Inc., are set to report earnings Tuesday, providing a further gauge on consumer sentiment as retailers gear up for the holiday season.

Wal-Mart (WMT Wal-Mart Stores, Inc , the world's largest retailer, is expected to report third-quarter profit rose to 67 cents a share from 62 cents with sales rising to $91.8 billion from $84.5 billion, according to the average estimates of analysts surveyed by Thomson Financial.

In October, Wal-Mart raised its third-quarter profit forecast to 66 cents to 69 cents a share from a previous estimate of as much as 65 cents, even after comparable-store sales had fallen short of Wall Street expectations. The company has controlled costs and improved margins after installing a staff-scheduling software program, improving customer service and reducing markdowns that were used to clear out old merchandise.
"Wal-Mart's emphasis on inventory control could help support margins," said Bear Stearns analyst Christine Augustine. Third-quarter "markdowns were below the original plan."

October same-store sales at Wal-Mart's rose 0.4%, missing estimates, after weaker sales in apparel, home and so-called hardlines.
Wal-Mart has cut prices on more than 15,000 items and began Black Friday specials three weeks earlier than last year, saying that it plans to be aggressive on offering lower prices heading into the holidays.
Home Depot (HD Home Depot, Inc, the largest U.S. home-improvement retailer, is expected to post a profit of 61 cents a share from 73 cents, according to Thomson Financial. Sales are forecast to drop to $19.5 billion from $23.1 billion.

The company and smaller rival Lowe's Cos. (LOW Lowe's Companies, Inc,are both under pressure on concerns that a declining housing market and rising foreclosures will lessen interest in housing-related buying and projects, analysts said.

Citigroup analyst Deborah Weinswig on Nov. 6 trimmed profit estimates for the two based on poor housing data. "The housing market remains challenging," Weinswig wrote in a report.

U.S. retailers may be poised to report their worst holiday season in five years, according to trade group National Retail Federation. Faced with a housing slump, tightening credit and oil approaching $100 a barrel, analysts predict that retailers will offer increased discounts and promotions to entice shoppers during their most critical period, where the bulk of sales and profit are made.

Retailers on Thursday reported their worst October sales results in a decade, according to the International Council of Shopping Centers, hurt by unseasonably warm weather and macroeconomic concerns.

Andria Cheng is a MarketWatch reporter based in New York.

 

[Show-me]

I find it interesting that the YTD for the CSI are 4.14%, 5.70%, and 12.20% respectively.

Now I am ball parking here, but the USD index is a blend of currency against the dollar and is not exact matched to the I fund. That being said the USD index on StockCharts.com is down 9.90% YTD. Some say it is down as much as 12% YTD. Now I know this is generic, but if you subtract the 9.9% from the 12.2% the I fund looks ugly at 2.3% gain YTD.:blink:

Just a observation, nothing more.

Good luck were ever you are today and Happy Vets Day.

 

[fabijo]

Now I know this is generic, but if you subtract the 9.9% from the 12.2% the I fund looks ugly at 2.3% gain YTD.:blink:

Just a observation, nothing more.

Show-me - great observation. I just looked at MSCI Barra's website to see what they had for the EAFE in the local currency.

YTD = 1.01%

So, even less than you were looking at. That's pretty bad. So pretty much all the gains from the I fund is due to the lousy dollar.