This Month in Stocks: 9/29 - 11/02/07

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BofA earnings fall 32 percent, BBC cuts 18,000 jobs, Pfizer profits plunges, and Hershey profit tumbles 66 percent.

Southwest and Continental are turning a profit after being at the bottom long enough. Ebay, IBM, and Yahoo are turning a profit.

A number of companies are missing expectations. You can see it here. http://www.briefing.com/Investor/Private/Calendars/EarningsCalendar.htm

Inflation is still a concern with a ever so slight up tick in CPI. The thing that is getting me is as oil rose from $80 to $87 a barrel the gas in out area is the lowest I have seen in months. $2.60 per gallon. :confused: Now with the fear that GDP will slow because of the housing market and people like Cramer on National TV telling folks to hold out for a year before you buy or sell a home.
 
Not that I'm a Cramer fan (he's rather loud :blink:), but from what I hear a lot of those ARM and Leg house loans get re-financed in Jan-March and more come in in April. So maybe a year is an exaggeration but it would seem waiting before buying or selling (if you can wait) would be prudent at this time, since the full ramifications haven't hit the housing market yet? So I would think he's calling it as he sees it?
 
I'm not saying he is exaggerating either, but he is the flavor of the month with his show and he said it on a well watched morning show. I guess my point is that there will be much more pain in the housing market and slower GDP because of it. Buyers are in a wait and see mode.
 
AP
Caterpillar 3Q Earnings Rise 21 Pct.
Friday October 19, 7:51 am ET Caterpillar 3Q Earnings Rise 21 Pct on Strength in Integrated Service Businesses PEORIA, Ill. (AP) -- Caterpillar Inc., one of the world's largest construction equipment makers, said Friday its third-quarter earnings rose 21 percent as strength in its integrated service business offset weakness in North America.

The company, which also cut its full-year outlook, earned $927 million, or $1.40 per share, compared with $769 million, or $1.14 per share in the year-ago quarter.
 
The Week Ahead

Last Update: 19-Oct-07 13:12 ET

Investors will enter the thick of earnings season in the week ahead with many of the market's most noteworthy companies scheduled to release their quarterly results.

In addition to all of the earnings news, the New and Existing Home Sales reports for September are sure to garner added interest. Meanwhile, the Durable Goods report for September will provide some helpful data to assess the economy's manufacturing sector. A complete list of the week's reports can be previewed on our Economic Calendar.

Separately, the communique out of the G-7 meeting will be a focal point come Monday for traders who anticipate some acknowledgment of the dollar's weakness and recent financial market turmoil.

Notable names due to make earnings announcements include Apple (AAPL), Whirlpool (WHR), Boeing (BA), Microsoft (MSFT), Merrill Lynch (MER), Anheuser-Busch (BUD), Motorola (MOT), Waste Management (WMI), and Fortune Brands (FO). The complete list is far too extensive to provide here, but Briefing.com's earnings calendar shows the complete roster.
________________________________________________________________
Monday, October 22:
  • Earnings: Halliburton (HAL), Kimberly-Clark (KMB), Merck (MRK), Schering-Plough (SGP), American Express (AXP), Apple (AAPL), Texas Instruments (TXN)
  • Economic Data: None
  • Events: Watsco Analyst Meeting, Navigant Consulting Analyst Day
  • Conferences: Association for Financial Professionals Annual Conference
  • Fed Speakers: Fed Governor Kroszner speaks in Washington regarding financial markets, Chicago Fed President Evans speaks on economic outlook, European Central Bank President Trichet speaks in New York
Tuesday, October 23:
  • Earnings: AT&T (T), Burlington Northern Santa Fe (BNI), Johnson Controls (JCI), Lockheed Martin (LMT), UPS (UPS), Whirlpool (WHR), Amazon.com (AMZN)
  • Economic Data: None
  • Events: Boston Scientific Analyst Meeting, Wal-Mart Analyst Meeting
  • Conferences: Armed Forces Communications and Electronics Association Conference
  • Fed Speakers: None
Wednesday, October 24:
  • Earnings: American Electric (AEP), AutoNation (AN), Boeing (BA), ConocoPhillips (COP), Freeport-McMoRan (FCX), Merrill Lynch (MER), Norfolk Southern (NSC), Northrop Grumman (NOC), WellPoint (WLP), Anheuser-Busch (BUD), Express Scripts (ESRX), Pulte Homes (PHM)
  • Economic Data: September Existing Home Sales, Weekly Crude Inventories
  • Events: ArthroCare Analyst Meeting, Edwards Lifesciences hosts TCT Analyst Lunch, Google Analyst Day, Wal-Mart Analyst Meeting
  • Conferences: Exelixis Investor Briefing Conference, American Association for Cancer Research International Conference
  • Fed Speakers: Treasury Secretary Paulson in Washington to discuss India's economy, Fed Governor Mishkin in New York to discuss financial instability
Thursday, October 25:
  • Earnings: Aetna(AET), Bristol-Myers (BMY), Comcast (CMCSA), Dow Chemical (DOW), EMC Corp (EMC), LM Ericsson (ERIC), Motorola (MOT), Newell Rubbermaid (NWL), Raytheon (RTN), US Airways (LCC), Amgen (AMGN), Genworth Financial (GNW), Microsoft (MSFT)
  • Economic Data: Weekly Jobless Claims, September Durable Goods Orders, September New Home Sales
  • Events: American Association for Cancer Research International Conference, American Society of Human Genetics Annual Meeting, Susquehanna Consumer Focus Forum, Dow Jones Newswires MicroVentures Conference
  • Conferences: None
  • Fed Speakers: Fed's Consumer Advisory Council to discuss mortgage rules
Friday, October 26:
  • Earnings: Baker Hughes(BHI), Exelon (EXC), Fortune Brands (FO), Waste Management (WMI), Tim Hortons (THI)
  • Economic Data: Revised October University of Michigan Consumer Sentiment Survey
  • Events: None
  • Conferences: None
  • Fed Speakers: None
--Jeffrey Ham, Briefing.com

http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20071019131246LookingAhead
 
Not so nice article.

AP
Living Paycheck to Paycheck Gets Harder
Friday October 19, 7:51 pm ET
By Anne D'Innocenzio, AP Business Writer AP IMPACT: America's Working Poor Stretching Paychecks to the Breaking Point

NEW YORK (AP) -- The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.

Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc.

Food pantries, which distribute foodstuffs to the needy, are reporting severe shortages and reduced government funding at the very time that they are seeing a surge of new people seeking their help.

http://biz.yahoo.com/ap/071019/stretching_paychecks.html
 
Showme: looks like he likes the exporting stocks.... exports up 27%
goes well for the tech sector here.... HP dell csco ect....
Would not get back in the funds until the day before rate talks...
1/4 % cut in the works ....
Skip
 
Skip said:
Showme: looks like he likes the exporting stocks.... exports up 27%
goes well for the tech sector here.... HP dell csco ect....
Would not get back in the funds until the day before rate talks...
1/4 % cut in the works ....
Skip
Click to expand...

Hi Skip,

Good to see ya. I read a quick report on CAT and the thing that was drag'n CAT down was simply the domestic market. EZ, Asia, and Latin America all reported up in sales.
 
Show-me said:
Hi Skip,

Good to see ya. I read a quick report on CAT and the thing that was drag'n CAT down was simply the domestic market. EZ, Asia, and Latin America all reported up in sales.
Click to expand...


Its the export sales for CAT thats making them the bucks... Lower dollar means more export sales for US. companies...
We got some tech companies report this week maybee it will up the market some? But I see more downside.... Just play the moves:cool:
Skip
 
Just took a look at the future's.:sick: That is some ugly. All these retarded news people looking for there self fullfilling prophecies and why can't Greenspan retire as in permanently seem to be looking for a really black Monday.:rolleyes:

At least Kimi Raikkonen won the F1 title in brazil for Ferrari by a point over Hamilton and Alonso.
 
Last edited:
What a bloody mess today is shaping up to be. The FTSE is looking like it will self destruct.
 
Looking at the charts and based on futures and OS markets the s&p is going to blast thought the 50dma. The FTSE is about 10 points from the 200 dma. If the dollar rallies like the INO dollar index chart is now the I fund will get beat today and may be a good time to buy some.

Picking a bottom is impossible.
 
The bulls need Apple to shine tonight. I do like that we spiked down, rebounded, then tested the low and it has held all day.
 
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