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Capitulation 08-04-2011
Thursday, August 4, 2011 - 6:17pm | 937Cusick's Corner I will not discount Chicken Little next time. Pure panic is in the market and preservation of capital is pinnacle. The reality is that the data is bad, and with the Claims Data coming in at 400K, the Non-Farm payrolls need to come in tomorrow at or above 150K. If we see 75K then...
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Memories 08-03-2011
Wednesday, August 3, 2011 - 5:27pm | 1013Cusick's Corner Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a...
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AT&T U-verse Customers Get More HD and International Channels
Monday, August 1, 2011 - 11:06am | 146AT&T* U-verse® TV customers now have access to 10 new channels in their channel lineup, including international programming, movie channels and five High Definition (HD) channels. The new channels include: FOX Soccer HD, FOX Sports Arizona HD, fuse HD, GolTV HD, and Nat Geo WILD HD with...
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Ken Langone Says That Home Depot Would Have Struggled In Today's Economy
Thursday, July 28, 2011 - 7:47am | 153Ken Langone, venture capitalist, investment banker and financial backer of Home Depot (NYSE: HD), appeared on CNBC Thursday morning and said that Home Depot would never have been in the black had it had to abide by the way the economy works today. He stated that there are laws that make it very...
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Stocks to Watch for Thursday 7/28/2011: Fresh 52 Week Highs and Lows
Thursday, July 28, 2011 - 1:37am | 3403Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more clearly defined. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to...
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Stocks to Watch for Wednesday 7/27/2011: Fresh 52 Week Highs and Lows
Wednesday, July 27, 2011 - 3:37am | 2249Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to...
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Retail Stocks Look Unshaken
Tuesday, July 26, 2011 - 9:35am | 134The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE: RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels. Some leading retail...
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Bank of America Merrill Lynch Lowers PO On SHW To $90
Friday, July 22, 2011 - 7:53am | 83Bank of America Merrill Lynch has issued a report lowering the Price Objective on The Sherwin-Williams Company (NYSE: SHW) from $92 to $90 a share. According to the report, "Sherwin posted 2Q11 EPS of $1.66A vs. our $1.74E and the FirstCall mean of $1.76. Escalating raw material costs and adverse...
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Bank of America Lowers PO On Sherwin-Williams to $90
Friday, July 22, 2011 - 6:08am | 29Bank of America has lowered the price objective on The Sherwin-Williams Company (NYSE: SHW) from $92 to $90 and maintains its Neutral rating.
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Mad Money Lightning Round: Cramer Likes ConocoPhillips
Friday, July 22, 2011 - 2:57am | 257On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Home Depot (NYSE: HD) is a “great stock with great management. That's an up stock." Cramer believes that ConocoPhillips (NYSE: COP) is the “cheapest oil company around. That's an up stock; it's going higher." For Chesapeake...
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Running of the Bulls 07-21-2011
Thursday, July 21, 2011 - 6:18pm | 886Cusick's Corner Major markets continue to be in full bull mode while the debt talks continue. The Volatility Index (VIX) is down to 17.56 (see Index Trading) because the latest earnings-reporting season has been mostly upbeat. Merger mania is on -- pharmacy benefits management company Express...
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Investors Caught Between A Rock And A Whirlpool
Thursday, July 21, 2011 - 12:29pm | 595Whirlpool Corporation (NYSE: WHR) reported earnings this morning that missed estimates badly, and the company is seeing slower conditions in China, and that is really hurting the stock today, down more than 4%. The company, which makes home appliances such as laundry appliances, refrigerators,...
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Chris Christie For President?
Thursday, July 21, 2011 - 11:56am | 115Despite some of Wall Street's best and brightest trying to get New Jersey governor Chris Christie to run for President in 2012, it does not look like that is going to happen. Venture capitalist Ken Langone gathered with some of the best on Wall Street, including hedge fund managers Paul Tudor...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 4:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Why Stanley Black & Decker's Report May Be More Important Than You Think
Monday, July 18, 2011 - 11:54am | 767Stanley Black & Decker, Inc. (NYSE: SWK) is set to report earnings tonight after the bell, and the company's earnings report and guidance may give us more insight in to the housing sector. The housing sector has been a drag on the U.S. economy for years and most likely will continue to be, as...