 |
|
|
|
Morning Call . . .
| General Pre Market Information | Earnings Recap | Upgrades/Downgrades |
| IPO's
& Secondarys
| Meeting
Transcripts
| Hard
to Borrow List
|
|
Updated each day at 8:45am
|
|
Day Trader Market Information
|
|
Last
Update: June 23, 2004
|
|
Fair
Value: S&P -0.84; NASDAQ +0.32
|
|
Overnight
Equity Summary:
Nikkei decreased by 72.19 points to 11,449.74.
FTSE is lower by 8.00 points to 4,496.80.
DAX is lower by 8.80 points to 4,010.15.
|
|
Foreign
Exchange Rates:
Japanese Yen at 0.009162.
Hong Kong Dollar at 0.1289.
Euro at 1.2167.
UK Pound at 1.8312.
Swiss Franc at 0.8013.
|
|
US
Treasury Market:
5-Year is at 99 19/32 yielding 3.96%.
10-Year is at 99 22/32 yielding 4.78%.
30-Year is at 98 23/32 yielding 5.46%.
|
|
Commodities:
Light Crude Oil prices decreased by $1.38 to $37.28.
Natural Gas prices decreased by $0.092 to $6.115.
Gold prices were lower at $388.40.
|
|
|
|
|
|
|
Earnings
Recap
|
Company
|
Reported
|
Estimate
|
| Goldman Sachs |
GS |
2.31 |
1.95 |
| Kroger Co |
KR |
0.35 |
0.36 |
| Morgan Stanley |
MWD |
1.16 |
1.05 |
| 3Com |
COMS |
-0.05 |
-0.10 |
| Christopher & Banks |
CBK |
0.27 |
0.28 |
| CKE Restaurants |
CKR |
0.20 |
0.06 |
| Earnings
Today |
Company |
Reported |
Estimate |
| FedEx |
FDX |
1.33 |
1.33 |
| Worthington |
WOR |
0.84 |
0.76 |
| Bed Bath & Beyond |
BBBY |
|
0.25 |
| Micron |
MU |
|
0.07 |
|
| |
|
Symbol
|
Broker |
Grade
|
Symbol
|
Broker
|
Grade
|
| CNB |
Sun Trust Rbsn Humphrey |
Reduce » Neutral |
MCK |
Lehman Brothers |
Overweight » Equal-weight |
| QLGC |
Merrill Lynch |
Neutral » Buy |
OSG |
Morgan Stanley |
Equal-weight » Underweight |
|
|
|
|
|
IPO
|
Range
|
Manager(s)
|
Shares
|
Week
|
| RTSX |
13-15 |
Wachovia |
5.50 |
|
| BBBB |
13-15 |
CSFB |
5.80 |
|
| IFO |
5.50-6.50 |
GIlford |
2.00 |
|
| LDIS |
12-14 |
Goldman Sachs |
6.00 |
|
| KAR |
23-25 |
Merrill Lynch |
6.25 |
|
| MBRX |
8-9 |
SG Cowen |
5.00 |
|
|
Secondary
|
Range
|
Manager(s)
|
Shares
|
|
| FMD |
37.21 |
GSCO & JPHQ, BEST, ALLN, BLYK
|
6.44 |
|
|
|
|
|
|
Last
updated: June 23, 2004
|
Updated
each day at 9:15am
|
|
Morning
Meeting Recap
|
|
Wednesday
More volatility yesterday as we totally recovered from the
morning sell off. The top of the range on the September S&P
contract is 1139 to 1142. On the downside, the 8 day avg is
1132.1, the 21 day avg is 1126.3, and yesterday's low is 1123.5.
The semis were very strong yesterday with BRCM leading the
way. RMBS and FLSH were also very strong and may have reversed,
or at least stopped their downtrends.
CECO has more bad news and is gapping down about 8 points;
look at APOL, and COCO.
There is one secondary that should perform today: FMD priced
at $36.50.
CYBX continued to the downside yesterday, and could be a good
short if it gaps up or goes through yesterday's low of $33.22.
FDX reported in line and BBBY, and MU report after the close.
I will be at the Daytrading Expo at the Chicago Hilton tomorrow,
so no comment.
Here are some of the news related trading ideas for today:
Career Education cut to Peer Perform from Outperform at Bear
Stearns
SEC is set to approve plan to ease short-selling curbs for
one year - WSJ (this could be tremendous for daytraders)
Imclone estimates, target raised at FBR
FedEx reports in line, ex items, guides above consensus
Ask Jeeves upgraded to Buy from Hold at Jefferies
Human Genome upgraded to Buy from Neutral at Robinson Humphrey
Advanced Micro estimates raised at BofA
Goldman Sachs upped to Outperform from Mkt Perform at Wachovia
R.J. Reynolds upgraded at Deutsche
PeopleSoft estimates cut at JP Morgan
|
| |
|
|
|
|
|
Back to Top
 |
|
|
|
DISCLAIMER - There is a very high degree of risk involved in day trading. Past results are not indicative of future returns. JPR Capital, and all individuals associated with this site assume no responsibility for your day trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
Please send us your feedback on this commentary.
|
|
|
Back to Top
|
|
|
|
|
© Copyright 2003, JPR Capital. All Rights Reserved.
Created and powered by DellHost.
|
|
