Weekly Stock Information Newsletter, March 31
The Week Ahead: Consumer sentiment reached a 16 year low blamed primarily on high gas prices, falling home values and weak expectations for future spending. The ISM Manufacturing Index is released on Tuesday with auto sales and construction spending. Wednesday, Ben Bernanke will testify on the economic outlook and factory order numbers are due out. The jobless claims figures and the all important March employment report come out on Friday.
Stocks to Watch: Commerce Banc will be replaced by HCP Corp. (HCP) and Circuit City will be replaced by Phillip Morris International (PM) on the S&P 500. Cnooc Ltd. (CEO) the big chinese oil firm received a buy rating from S&P after forming a possible double bottom. The International Trade Commission overturned a judges decision of a stay against Tessera Technologies (TSRA) in a wireless patent case, but the stock remains volatile.
Special Note: With earnings season around the corner, profit growth for the first half of 2008 are now expected to contract as opposed to previous growth estimates underscored by weak housing markets and consumer spending.
The first quarter of 2008 will be the 2nd quarter in a row down since the 2nd and 3rd quarters of 2002. An election year rally off these lows could unfold especially if a selling capitulation occurs or news that the financial sector crises is easing.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
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NobleTrading Direct Access Trading
email: info@nobletrading.com
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Stocks to Watch: Commerce Banc will be replaced by HCP Corp. (HCP) and Circuit City will be replaced by Phillip Morris International (PM) on the S&P 500. Cnooc Ltd. (CEO) the big chinese oil firm received a buy rating from S&P after forming a possible double bottom. The International Trade Commission overturned a judges decision of a stay against Tessera Technologies (TSRA) in a wireless patent case, but the stock remains volatile.
Special Note: With earnings season around the corner, profit growth for the first half of 2008 are now expected to contract as opposed to previous growth estimates underscored by weak housing markets and consumer spending.
The first quarter of 2008 will be the 2nd quarter in a row down since the 2nd and 3rd quarters of 2002. An election year rally off these lows could unfold especially if a selling capitulation occurs or news that the financial sector crises is easing.
Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc.
To view all of NobleTrading's historical newsletters, click here.
Click here to open an account.
NobleTrading Direct Access Trading
email: info@nobletrading.com
phone: 877.872.3311
web: http://www.nobletrading.com
posted by NobleTrading at
9:44 AM
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