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Börsipäev 15. september

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  • Pier 1 avaldas täna tulemused, pikemalt hiljem LHV Pro all

    PIR Pier 1 Imports beats by a penny (12.56 )

    Reports Q2 (Aug) loss of $0.12 per share, $0.01 better than the Reuters Estimates consensus of ($0.13); revenues fell 3.0% year/year to $438.6 mln vs the $437.5 mln consensus.
  • Täna hea uudis FMTI poolt. FORBES MEDI-TECH REPORTS POSITIVE CHOLESTROL DRUG STUDY
  • Rev Shark:

    As Market Changes Character, Be Prepared
    9/15/2005 8:55 AM EDT

    "Action is a great restorer and builder of confidence. Inaction is not only the result, but the cause, of fear. Perhaps the action you take will be successful; perhaps different action or adjustments will have to follow. But any action is better than no action at all."

    -- Norman Vincent Peale

    The market has undergone a change in character over the past two days after confounding many with a strong rally following the destruction wrought by Hurricane Katrina. We saw broad weakness on increased volume and a quick cooling in bullishness.

    When the market begins to struggle, many investors' inclination is to stand aside and do nothing. They think, "This too shall pass," and convince themselves that passive acceptance is the way to deal with a struggling market.

    For the majority of market participants the best way to deal with a tough market is to get busy -- you need to do something if you haven't already so that you're positioned correctly. The great advantage of doing something is that it breaks the inertia and even if your initial response to the change in the market character is incorrect, it is easy to eventually do the right thing if are in an "action" mode.

    How to get ready? Some of the most obvious ways are reviewing positions, setting stops and raising cash.

    Most of the damage that was done after the bubble burst in 2000 was the result of investors who were frozen like a deer in the headlights. They simple sat and did nothing and the longer they did nothing the more difficult it was to take action. Inaction breeds more inaction while action leads to more action and when the market is struggling it is better to act.

    The easiest thing to do right now is to ignore the market while it struggles but it is exactly the wrong thing to do. When the market sends signals like it has the last couple days, we need to be energized to take quick and decisive action. If we make a mistake and take the wrong action we make adjustments and keep on plugging along.

    One of the great challenges of the market is that there are times when great patience is required and other times when quick action is the way to go. If you aren't positioned for a market correction, then now is the time to take action.

    Weekly unemployment claims just hit and were quite a bit higher than expected. That is probably a function of the hurricane. The market reaction is mild probably because investors are hopefully that this sort of datum will lead to a less hawkish Federal Reserve.

    We have a slightly positive open on tap. Oil is trading up again and overseas markets were generally positive.

    Gary B. Smith:

  • Gapping Up

    ABLE +24% (purchase refineries for approx $19.5 mln), TWX +2.5% (Microsoft in talks to acquire AOL stake - NY Post), UCI +15% (to be acquired by Blackstone), LF +11% (mentioned on Mad Money), BSM +8.7% (bounces after 11% drop yesterday), FOXH +5.7% (Merck agreement), JCTCF +6% (extends yesterday's 17% move), VPHM +5.7% (target raised to $24 at Piper), LTON +5.6%, CAMD +5% (raises SepQ guidance), WTRS +4.2%, SWB +3% (reports JulQ), FNF +3% (to merge with Certegy), LIN +2.7% (BBBY may buy LIN - NY Post ), BIDU +2.6% (naked shorts scare)... Gold/mining stocks continue to be strong: GFI +3%, CDE +3.2%, RGLD +2.3%, GSS +2.1%, HMY +2.1%, PDG +1.8%... Under $3: NEXM +21% (licensing deal with Novartis), AVNC +19% (to conduct additional Phase III trial, to sell its Keflex brand, provides guidance), BDCO +6.5%, IVAN +5%.

    Gapping Down

    DCN -18% (lowers guidance well below consensus; may restate Q2), CTIB -11% (profit taking after 200% move in last 2 sessions), RMBS -6.4%, FITB -5.6% (multiple downgrades), ESS -5.5%, PIR -4.5% (reports AugQ, declines to provide guidance), AUO -3.9%, AMTD -2.7% (offering prices), BSC -2.3% (reports AugQ), MFE -2% (Susquehanna downgrade), DISH -1.5% (Bernstein downgrade), GOOG -1% (sells $4.18 bln in stock -- Reuters).... Under $3: NWAC -53% (files for bankruptcy), BPUR -25% (SEC files suit).

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