| Midcap action likely to continue through the year: Deewan
According to Neeraj Deewan, Director of Quantum Securities, FMCGs may not outperform in the long run and the year should see more of midcap action and lays his best bets on media and capital goods. Excerpts from CNBCTV18s exclusive interview with Neeraj Deewan: Q: Two stocks or rather the sector that seems to have outperformed over the past few days has been FMCG. Your thoughts on Hindustan Lever and ITC at current levels? A: Frankly, we have not been very bullish on FMCG because it has been under-performing for quite sometime. So if someone has bought them as a trading or an investmaent idea, I feel some sort of profit taking can be taken - because going ahead also, I dont feel that it will outperform the market in the long run. So there are other sectors that might outperform rather than FMCG.
Investing Systems: 'Half Price Sale on Stock Picking Software ...
AMELIA ISLAND, Fla., April 7 /PRNewswire/ -- Investing Systems announced the limited time release of annual licenses to the Stock Picker RT software for less than half the regular price. "The market has been tough on short-term traders lately," said William McKinley, President of Investing Systems. "We saw some really great picks this week and want as many people as possible to be able to take advantage of the momentum scan." The scan that powers the Stock Picker RT produces a short list of stock picks every trading day as the market opens based on momentum and other indicators. The picks are identified by technical and fundamental criteria. "This is our best-selling stock picking software for the last two years," McKinley said. "Our users get a fresh list each day as the market opens and we like to watch as the leaders of the day emerge." The software, which is delivered on CD ROM will scan the market for stock picks with a single click or can be set to scan automatically at intervals throughout the trading day.
Doin' It Bloggystyle: Circle K, Trade School, TV Reviews, Mistake ...
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.Strange things afoot at the Circle K Jim Kingsland notes some excess put interest in Washington Mutual (WM). Volatility has Left the Building, via Crossing Wall Street. What's en fuego? Solar stocks, says Kirk. Trade School Michele B goes over an STZ Bull Flag at Trader Mike. The Goddess with some price targets from the Crystal Ball. Brian Shannon has some thoughts on the never-ending energy rally.
Technical Analysis: AA, GOOG, KR, DOW
The stocks in this article are poised to move aggressively in the near future as they react to news events or associated news events which may affect the underlying companies. The analysis offered in this article is based on our proprietary technical analysis, and it does not incorporate the fundamental health of the companies themselves. This analysis should be used to find entry levels and price targets for any current or future positions in these stocks. Alcoa (AA) FREE Trading Report for AA Alcoa is scheduled to release earnings on April 10 after the market closes. Consensus earnings estimates is for the company to earn $.10 a share. In advance of this earnings release Stock Traders Daily has issued trading recommendations on Alcoa so that traders and investors can understand where the stock is headed on a technical basis. More often than not, the charts tell us where the stocks are likely to go after earnings are released. Alcoa has recently come close to a level of longer-term resistance, but the stock failed to officially test longer-term resistance the last time it made an attempt. Now the stock appears poised to retest longer-term resistance. We have identified longer-term resistance as longer-term parameter #3 in our real-time trading report for Alcoa. Make sure that you review longer-term parameter #3 first when you read our report, because that will tell you what to expect from the stock. Once longer-term resistance is tested, we expect the stock to turn down again and we expect a decline all the way to longer-term support, which is identified as longer-term parameter #1 in that same report. From current levels the outside looks limited. Find details here: FREE Trading Report for AA Google (GOOG) FREE Trading Report for GOOG. Barron's made comments this weekend suggesting that Google was having trouble integrating new businesses into its strategic model. So far, they say, many of the ventures have been flops. The question is, is that going to hurt Google over time? In an effort to satisfy some concerns that traders and investors might have about Google, we have taken the time to prepare an evaluation of the stock for any would-be traders. From our analysis Google appears to be a much better vehicle for active traders than it is for longer-term investors, at least right now. Google still appears to be floundering within a longer-term trading channel, so the best way to look at the stock is to approach it with either a swing trading or near-term trading objective. In particular, pay very close attention to our daytrading and swing trading plans, which are provided in our report. The most important parameter that had recently been tested is midterm parameter #3. If you are interested in trading Google use this as your inflection point; if the stock is above this level, use our long plan, but if it move below, consider it short instead. We have provided specific details in the report and they are available to you right now: FREE Trading Report for GOOG.
Cramer on Citigroup
Citigroup Inc. (NYSE: C) opened at $51.60. So far today the stock has hit a low of $51.35 and a high of $52.01. As of 10:20 this morning, C is trading at $51.98, up $0.40 (0.8%).After spending most of 2006 trading in a range between $47.50 and $50 the stock shot up to $57 to close the year but has fallen this year back to around $52. Jim Cramer featured Citigroup this morning on his blog as a stock that is doing things all wrong. Cramer pointed out that he thinks CEO Chuck Prince is doing a bad job, evidenced by today's announcement of layoffs at the bank in an attempt to raise the stock price. Cramer's opinion is that the best way to lift the value of C would be for Prince to either resign or be shown the door. The technical indicators for the stock are bearish and slightly improving while S&P gives C a very positive 5 STARS (out of 5) strong buy rating.For a bearish hedged play on this stock, I would consider a September bear-call credit spread above the $57.50 range.
Fortress windfall warms managers to benefits of transparency
Hedge funds have become Wall Street darlings following the spectacular initial public offering last month of Fortress Investment Group, a New York hedge fund and private equity manager with USD29.9 under management. The float of 8.5 per cent of the company's equity was off to the races with an 89 per cent price ump on the first day of trading. After being priced at USD18.50 apiece, shares opened at USD35 and traded as high as USD37, making it the best showing for a US IPO since November last year, when commodities exchange operator Nymex Holding doubled its stock price on the first day of trading. The share offering put a USD7.4bn market capitalisation on Fortress, which manages a third of its assets in hedge funds and the remaining two-thirds primarily in private equity.
Stock Market Update - Tue Apr 10 11:00:01 EDT 2007
[BRIEFING.COM] The major averages are off their best levels but still trading in positive territory. Albeit up only 10 points, the Dow is only 53 points away from where it closed on February 26 -- the day before the global sell-off. The Dow is also positioned to extend a seven-day winning streak to eight days, something that hasn't happened in four years, while the Nasdaq, whose six-day winning streak was snapped yesterday, remains today's best performer among the majors. NYSE Adv/Dec 2000/973...Nasdaq Adv/Dec 1717/1040 .
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