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Börsipäev 3. jaanuar

Kommentaari jätmiseks loo konto või logi sisse

  • Baltic Morning News

     

    Merko sells a holding. The Estonian construction company Merko announced it had sold its 100% share in real estate development company Rannamõisa Kinnisvara for EEK 31.89m (EUR 2m). The company possesses 10,947 square meters of real estate in Rannamõisa Rd in Tallinn which was valued at EEK 35m (EUR 2.3m) in September 2006 . As the result of the transaction, Merko made an extraordinary profit of EEK 23.75m (EUR 1.5m). In addition, according to the agreement the buyer has to order the construction on the plot from Merko.

    Lowest November retail sales growth in Lithuania = 16%. According to Lithuanian Statistical Office, retail sales in November grew by 16.3% y-o-y. Over January-November, retail sales increased 14.7% y-o-y to LTL 24 billion (EUR 7b). The other Baltic countries, Estonia and Latvia, posted November retail sales growth of 20% and 22.5% y-o-y, respectively.

    15% wage increase for 2007. According to daily Postimees, analysts predict an average wage growth of 15.1% in Estonia in 2007 – i.e. the average salary should reach approximately EEK 10,705 (EUR 684). The estimates varied from 8.6% to 18.4%.

    Latvia struggling with trade deficit. According to Latvian Central Bank, Latvia’s current account deficit widened to a record 24.2% of GDP in Q3. The trade deficit in Q3 amounted to LVL 699m (USD 1.32b), which can be compared with LVL 474m in Q2. The current account deficit for the first 9 months of the year totalled 19.3% of GDP.

    Dividends are like poker. At the AGM of Estonian candy maker Kalev, a journalist asked about dividend payout. The major owner of the company, Oliver Kruuda, replied that “life is like poker – if you have not placed the bets, you cannot win”. No idea what he meant, but at least the year has got a jolly beginning.

    No euro before 2010. The president of Estonian Central bank has once again said that Estonia will not adopt euro before 2010. The only obstacle for Estonia is high inflation.

  • Wal-Mart (WMT) on teatanud, et detsembri võrreldavate poodide müük tõusis 1.6%, lüües oma 0-1% prognoosi. Goldman Sachsi analüütik kommenteerib, et tema arvates õnnestus Wal-Martil see tänu ühele lisapäevale ning tavapärasest agressiivsemale müügikampaaniale, mis neljandakvartali kasumile hästi ei mõju. Citigroupi arvates andsid tulemustele hoogu juurde pühade ajal elektroonika ja mänguasjad, kuid riietusesemetemüük sai tänu kehvadele ilmastikutingimustele kannatada. Viimased nädalad olid tugevamad, kuna paljud kasutasid ära oma viimaseid kinkekaarte. Samuti vihjatakse agressiivsele hinnapoliitikale.

    Citigroup kommenteerib Amazoni (AMZN), arvates, et ettevõtte marginaalid ei ole pikemas perspektiivis jätkusuutlikud:

    ➤ We are downgrading shares of AMZN from Hold to Sell with a $34 PT. Ours isa margin call. We believe that AMZN’s current valuation implies a level ofoperating margin expansion that is simply not attainable. Specifically, while we believe AMZN's operating margins can expand neartermas the company cuts back on R&D spend, we believe long-term GAAPoperating margins are most likely capped in the 6% range rather than the 7%range implied byAMZN’s current valuation.We see 4 structural factors driving this margin cap – 1) aggressive pricing &shipping promotions requirements due to increased competition; 2) grossmargin pressure due to the shift away from higher margin Media sales, esp.with the growth in digital music/video distribution channels; 3) rising onlineadvertising costs; and 4) the likely end of margin boosts from 3rd party sales.

    Jim Crane and General Atlantic LLC propose to take EGL (EAGL) private at $36/share. Jim Crane, the Chairman and Chief Executive Officer of the co, announces that he, together with investment partner General Atlantic LLC and members of senior management, has submitted a proposal to acquire all of the outstanding common stock of EGL at a price of $36 per share in cash. Crane, who would continue as Chairman and Chief Executive following the transaction, together with other members of senior management, would participate in the proposed transaction by making a significant equity investment. Crane currently owns approx 18% of the outstanding common stock of EGL. Huvi võivad üles näidata AIRM, FWRD, BRS, EXPD, HUBG (!?), eriti arvestades, et viimaselajal on transpordisektori paljud esindajad löögi all olnud.

    Üks huvitav call jäi veel silma citigroupi poolt. TEX ostusoovitus tõmmati "müü" peale ning hinnasiht $60-le:

    ➤ Downgrading TEX from Buy to Sell; tgt price cut, $66 to $60. Many times thepast 4 yrs during stock's 1,059% gain (that's not a typo) we could have beentempted to take profits but risk-reward had remained positive on acceleratingf undamentals & valuation. This time is different. Key end mkt, domestic aerials(est 34% of TEX profits), while still okay, is losing steam (supply now back inbalance with demand, key demand driver non-resi construction posting softertrends, & new players entering aerial mkt). As well, stk already has benefitedfrom non-operational catalysts: S&P500 inclusion (2 weeks ago), share repoannouncement (3 wks ago)& any & all small/mid cap private equity speculation➤ With stk +43% in 4Q06 (sector only +5.3%) & TEX stk having closed historicalvaluation discounts (CAT a good pair trade?),risk-reward now negative. Evenif TEX can reach our Street high EPS ests (which we're maintaining: ’07 $5.34,’08 $6.12), big stk gains now require paying for ’09 already (we’re unwilling).

  • WSJ kirjutab lühikese loo Lennarist (LEN) pealkirjaga: Lennar Sees Tough Going Ahead. Peamiseks sõnumiks on TOLile vastandlik väide, et firma ei näe märke majadeehitajate turu põhjast ning seetõttu võib tööstusharu veel survet näha.

    "Market conditions continued to weaken throughout the fourth quarter, and we have not yet seen tangible evidence of a market recovery," Chief Executive Mr. Miller said. Huvitav on viimane lause seetõttu, et dets. lõpus olukorda kirjeldanud Lõuna-Californias aktiivsemalt tegutsev HOV teatas küll kasumi suurest kukkumisest, kuid väitis, et loodab aasta lõpus viimastel kvartalitel tellimuste suurenemist. Arvestades, et LEN on oma turumahtusid Californias vähendanud järjest kehvema turuolukorra tõttu, võib HOVi väide osutuda ennatlikuks.

  • LHV

    Ehk saaksite lisada CLAYMORE/BNY BRIC ET (EEB) kaubeldavate aktsiate nimekirja.

    Tänud
  • Deutsche Bank downgrades Sunoco (SUN 62.36) to to Hold from Buy and lowers their tgt to $65 from $74, as distillate inventories are building up along with the danger of repeating last winter

    CIBC upgrades Baidu (BIDU 112.69) to Sector Performer from Underperformer, based on better market data, weakening competition, faster than expected growth in search queries, and a more bullish stance on mobile search

    .Piper Jaffray upgrades Pacific Sunwear (PSUN 19.58) to Outperform from Market Perform and raises their tgt to $25 from $18, based on business at the core stores that has stabilized, tight inventory that favors margin improvement and better visibility and margins support a growth based multiple.

    Lehman Brothers downgrades MarkWest Hydrocarbon (MWP 48.55) to Underweight from Overweight

    Merrill upgrades US Healthcares Stocks and U.S Consumer Staples to Overweight from Market Weight

    Bear Stearns upgrades Merck (MRK 43.60) to Outperform from Peer PerformMerrill downgrades US Materials stocks to Underweight from Market Weight

    Goldman downgrades Advanced Micro (AMD 20.35) to Sell from Neutral. AMD saab negatiivseid kommentaare ka ThinkEquity analüütikutelt.

    Goldman downgrades Applied Materials (AMAT 18.45) and Credence Systems (CMOS 5.20) to Sell from Neutral

    Wachovia downgrades Magna (MGA 80.55) to Mkt Perform from Outperform, and Lear (LEA 29.53) to Underperform from Mkt Perform, as both have substantial D3 truck exposure, which the firm expects to weaken in H207

    Bofa downgrades General Motors (GM 30.72) to Sell from Neutral

    Goldman upgrades Texas Instruments (TXI 64.23) and Micron Tech (MU 13.96) to Neutral from Sell

    Thomas Weisel believes there are a number of names that are likely to benefit in 2007 from transitions that occurred in 2006. Rackable Systems (RACK) is firm's top pick going into 2007, and they believe the co is the best example of this transition theme. Firm's other best ideas highlighted here also play into this transition theme. They are Qlogic (QLGC), EMC (EMC) and Seagate (STX). In addition, firm highlights Lexmark (LXK) as one stock to avoid, based partly on this transition theme. In regards to RACK, firm believes investors should consider the following: 1) many potential "big" new customers entering the mix in 2007 vs. no "big" customers in 2006; 2) substantially improved storage offering compared to 2006; and 3) a lot of leverage in 2007 after significant infrastructure spend in 2006. Issues with LXK include: 1) transition back toward hardware market share gain mode could be a major drag on 2007 EPS (reduced hardware helped 2006 EPS); 2) exhausted U.S. cash limits share buyback, which was a major source of 2006 EPS upside; and 3) takeover premium built into current stock price disappears.

    Jefferies calls TASR their top pick for 2007, saying that investments over the past two years should begin to pay off. Firm says these investments include manufacturing facilities, new products, quality control, R&D, strengthened mgmt, distributor network, legal defense, customer service, and media relations. Firm believes that Q4 weakness is likely already in the stock, but thinks that investors may shy away from the name until the numbers are reported.


    NY Times reports the industry may be getting ready to try an even more dramatic third act — a possible attempt to merge the two services. The benefits of a merger have been promoted by the chief executive of Sirius (SIRI), Mel Karmazin, for a number of months, and Sirius officials continue to say that a merger would be a good thing. XM (XMSR) has not commented on the possibility, and neither co has said whether they have actually discussed the issue. "When you have two companies in the same industry, we have a similar cost structure. Clearly, a merger makes sense from an investor's point of view to reduce costs, and to have a better return," said David Frear, the CFO for Sirius. And if the cos were to merge and effectively double their subscriber base, the new co could reduce programming costs through increased negotiating clout, removal of duplicative channels and elimination of redundant employees.

    SIRI Sirius Satellite exceeds 6 mln subscribers and achieves first cash flow positive quarter (3.54 ) Co announces that it ended 2006 with approx 6,024,000 subscribers, an 82% increase over the co's 2005 ending subscriber base of 3,316,560. SIRIUS added a record 2.7 mln net subscribers in 2006. Based on preliminary financial data, SIRIUS achieved its first ever quarter of positive free cash flow in Q406. 

  • CLAYMORE/BNY BRIC ET (EEB) kauplemiseks lisatud
  • BofA affirms Buys on AMZN, EBAY, and GSIC given the strong holiday datapoints, which lead them to raise their eCommerce industry growth est to +23.2% from +21% y/y and affirming their confidence in their 4Q EPS ests. Because International eCommerce was a big driver, they're not raising EPS ests at this time because co-specific International growth is harder to track.
  • Kuidas nüüd aru saada: Citigroup annab müügi soovituse AMZN aga BofA kinnitab kasvu.
    Või olen millestki valesti aru saanud.
  • TRX, ei ole millestki aru saanud. Erinevatel analüüsimajadel võib olla erinev nägemus ettevõtte käekäigu osas, rääkimata erinevatest hindamismeetoditest. See on üsnagi tavaline.
  • ThinkEquity downgrades AMD to Sell from Buy and cuts their tgt to $15 from $30. Firm notes AMD inventories have suddenly built in the channel, and prices are plummeting. They believe the channel is angry, and PC OEMs are expressing concern about AMD's roadmap (particularly mobile). Firm fears this will translate into share loss to Intel (INTC). They believe AMD has little opportunity of meeting the high expectations for G.M. and O.M. it set on its recent analyst day.
  • Commody'te kallal on täna mitmed analüüsimajad. Goldman on võtnud neutraalse oleku nii naftasektori vastu tervikuna kui ka nendepoolt kaetavale Chesapeake Energy'le(CHK). Credit Suisse on USA terasesektori vastu tervikuna muutunud negatiivseks ning alandanud oma soovitust 'underweight' peale.

    Lisaks:

    Select Oil and Gas stocks downgraded at Keybanc

    Keybanc is downgrading select oil and gas stocks and is lowering their gas price deck, and FY07 estimates on expectations of a warm winter. The firm believes that natural gas prices will remain under pressure and that storage levels could remain high through the end of the 2006/2007 heating season. Due to the outlook for a warmer than average winter and the high storage situation, the firm is lowering their 2007 natural gas price deck from $7.75/mmbtu to $7.18/mmbtu, and adjusting our FY07 EPS and DCFPS estimates to reflect their revised price deck. As a result, the firm also downgrades Cabot Oil & Gas Corp (COG), Superior Well Services (SWSI), and Range Resources (RRC) to Buy from Aggressive Buy, Carrizo Oil & Gas (CRZO), Denbury Resources (DNR), Encore Acquisition (EAC), Newfield Exploration (NFX), St. Mary Land & Exploration (SM), Houston Exploration (THX), Whiting Petroleum (WLL), XTO Energy (XTO), Delta Petroleum (DPTR), and EXCO Resources (XCO) to Hold from Buy.

    Samuti tuli Deutsche Bank hommiku poole välja downgrade'iga rafineeria Sunoco(SUN) kohta.

    Deutsche Bank downgrades Sunoco (SUN 62.36) to to Hold from Buy and lowers their tgt to $65 from $74, as distillate inventories are building up along with the danger of repeating last winter
  • Stocks to watch:

    • Arthur J. Gallagher & Co. (AJG) agreed to pay $28 million to current and former clients to resolve all claims in a federal multi-district class action pending in the New Jersey Federal District Court related to contingent commissions. Gallagher will also pay $8.85 million in plaintiff's attorney fees. The Itasca, Ill.-based insurance broker admitted no wrongdoing, but said in a statement that "it chose to conclude its involvement, rather than prolong what could be a costly and burdensome lawsuit." The company said it will take a pretax charge of $5 million to $10 million in its fourth quarter to increase its reserve for the costs to be incurred to conclude the settlement and to "resolve other regulatory and civil litigation matters
    • The Federal Communications Commission finally approved AT&T's (T) $85 billion acquisition of BellSouth (BLS), creating the largest phone company in the United States.
    • CBOT Holdings (BOT) said volume for December reached 55.3 million contracts, an increase of 33% from the year-ago period. December average daily volume was 2.77 million contracts, up 40% over the same month in the prior year. Total annual volume for 2006 rose 19.5% to the record level of 805.9 million contracts. It's the fifth consecutive record breaking year for the parent company of the Chicago Board of Trade.
    • CheckFree (CKFR) agreed to acquire Carreker (CANI) for $8.05 a share, or $206 million total. CheckFree, Atlanta, said the acquisition will expand its software business and consulting expertise. Carreker, Dallas, provides payments technology and consulting services for the financial services industry.
    • CKE Restaurants (CKR) repurchased two million shares of its common stock from its largest shareholder, Pirate Capital LLC., for $37.1 million. The Carpinteria, Calif.-based restaurant operator said the purchase price of $18.53 per share reflects the company's closing stock price on Dec. 28. CKE said it used its revolving credit facility to fund the transaction. The buyback was completed under the company's previously announced stock repurchase program. Pirate Capital's ownership stake in the CKE is now about 7.2%.
    • Fairchild Semiconductor (FCS) Monday said it plans to launch a tender offer for Taiwan-based System General. Shareholders owning 30.88% of the outstanding shares of System General common stock have agreed to tender their shares to Fairchild. The total purchase price is expected to be about $200 million, depending on exchange rates and the number of shares tendered.
    • International Paper (IP) said its pension fund is now about 95% funded following voluntary contributions of about $1 billion late in 2006. The Memphis, Tenn., forest products company also said its debt stood at roughly $7.2 billion at the end of the year, down from $13.4 billion at the end of the second quarter. The stock closed Friday at $34.10, down a penny.
    • Lennar (LEN) has agreed to add a strategic partner, MW Housing Partners, to its LandSource joint venture, a move it says will result in a cash distribution to Lennar and current partner LNR Property Corp. of $660 million each. MW Housing Partners is co-managed by McFarlane Partners and it includes the California Public Employees' Retirement System. Lennar expects to post a loss of $400 million to $500 million and its CEO said he sees no signs of a home-building recovery.
    • MAIR Holdings (MAIR) may be in focus after Riley Investment Partners said in a regulatory filing it holds a 5.2% stake in the company, which is the parent of Mesaba Airlines. Riley also said it's concerned that MAIR isn't receiving fair value in talks with
    • Northwest Airlines (NWACQ). Northwest, currently in bankruptcy protection, is considering sponsoring Mesaba out of its Chapter 11 reorganization. Riley representatives said in the Dec. 29 filing they are asking that any transaction with Northwest be approved by a majority vote of disinterested shareholders. Riley said if its concerns were not addressed, it could intervene in either bankruptcy case or call a special meeting of shareholders.
    • McAfee (MFE) said it will amend certain stock options grants made to former executives and certain current directors. The Santa Clara, Calif.-based security software maker said the changes represent a small subset of the overall measurement date changes and strike price changes that it expects to make in the future as a result of its stock option review and pending restatement. As part of its actions, McAfee said it is amending grants made to former CEO George Samenuk and former President Kevin Weiss. Samenuk and Weiss were forced out of their posts in October after an internal probe found that the company improperly accounted for up to $150 million in stock-option costs. McAfee added that it is correcting "clerical errors" associated with stock options grants to directors Leslie Denend, Denis O'Leary and Liane Wilson. The company said none of the directors were aware of the errors.
    • Nucor (NUE) agreed to buy Harris Steel Group Inc. for about $1.07 billion. Nucor, based in Charlotte, N.C., said it will pay C$46.25 a share, or C$1.25 billion, for Harris, which is based in Canada. The boards of both companies have approved the sale. Harris Steel Chairman and Chief Executive John Harris and other members of the Harris family, along with Paul Kelly, the president and chief operating officer of the company, have signed an agreement to tender 13.7 million shares representing more than 50% of the shares of Harris Steel.
    • Sirva (SIR) posted a preliminary loss from continuing operations of $37.6 million, or 51 cents a share, for the six months ended June 30, as compared with a preliminary loss of $60.1 million, or 82 cents a share, for the same period a year ago. On a pro forma basis, the operating loss from continuing operations was $9.4 million vs. $17 million. The preliminary revenue was $1.78 billion compared with $1.68 billion a year ago. The Chicago-based provider of relocation services said it was required to post the results under certain covenants of its credit facility.
    • Titanium Metals (TIE) said it expects a fourth-quarter pre-tax gain of $39 million from the sale of its 44% stake in Valtimet SAS, a manufacturing joint venture. Titanium Metals, Dalls, also said it signed a long-term agreement to supply up to 2,500 metric tons of titanium strip each year to Valtimet. Valtimet was formed in 1997 as a venture with ValTubes SAS, Sumitomo Metals Industry and Sumitomo Corp. for making welded stainless steel and titanium tubing.
    • Wal-Mart Stores (WMT) said Saturday that its same-store sales for December were running ahead of prior expectations. The Dow component expects a 1.6% increase in comparable sales for the five weeks ended Dec. 29. WMT will start using a computerized scheduling system to move many of its workers from predictable shifts to a system based on the number of customers in stores at any given time.
    • Yahoo (YHOO) and Dash Navigation plan to announce a partnership that will put the Internet giant's local-search technology into Dash's new Internet-connected automotive-navigation system.


    Market Summary

    • Asian trading closed with the Hang Seng +0.51%, Sensex +0.52% and Taiwan -0.04%.
  • Shark on taaskord pisut skeptiline hommikuse indeksite plussi peale, kuid ütleb, et samas ei tohi pulle praegu ka alahinnata. Lisakw toetab tõusule panustajaid soodne 'sesoonsus'.

    2007's Sure Thing: Profitable Opportunities

    By Rev Shark
    RealMoney.com Contributor
    1/3/2007 7:29 AM EST
    Click here for more stories by Rev Shark

    "The future has several names. For the weak, it is the impossible. For the fainthearted, it is the unknown. For the thoughtful and valiant, it is the ideal."

    -- Victor Hugo

    As we begin trading in 2007, the predictions about how things will unfold in the year ahead are coming hot and heavy. Many pundits confidently state that the economy is in good shape and that we shall see further market advances; others proclaim, with great gravitas, that there are many problems out there and further moves higher in the market are questionable at best.

    The arguments and logic are always compelling and it seems downright ridiculous for us average market players to question prognosticators who obviously possess far superior intellects (even if they have never gotten it right previously).

    Forget the predictions.

    There really is only one thing we need to know about the market in the year ahead. Where ever it may end, it isn't going to arrive there in a straight line. If your investing plan is to simply buy today and hold for a year no matter what happens, then maybe those predictions about the future will matter. But that is an exercise in fortune telling, not market speculation. It is the journey along the way and how we manage it that will determine our ultimate gains and losses. We just need to enjoy the ride and the rest will take care of itself.

    I'm always optimistic at the start of a new year not because I believe the market will go higher but because I'm confident that there will be a steady supply of money-making opportunities. The indices may actually have a lousy year but I'm absolutely certain there will be some great tradable rallies and some equally tradable pullbacks. Success depends on our efforts; it has nothing to do with the market itself.

    2006 was a difficult year for many as leadership was primarily in groups that haven't led in many years. Big-cap value stocks like Coca-Cola and General Electric did well while growth like Intel did poorly. The Nasdaq was the laggard this year while the DJIA was a leader. If you didn't adjust to this change in leadership you probably had some difficulties.

    2007 is likely to be equally challenging in terms of determining ultimate leadership. The great likelihood is that the best-performing groups and indices will turn out to be something that we really haven't considered at this point. The key is to stay flexible, keep an open mind, and when trends emerge to embrace them because they tend to persist longer than we think.

    New year excitement is in the air and early indications are for a big open. It is hard not to be at least a little skeptical of that sort of early exuberance but seasonality favors the bulls and we should give them a little room to prove that this is something more than just emotions.

    Overseas markets were up nicely yesterday but are mixed this morning. Oil is down again and gold turned negative after a positive start. There are a lot of analyst moves on the wires such as Lehman downgrading European stocks and Goldman downgrading chips, computer hardware and oil.
  • Detaile Credit Suisse terasesektori downgrade'i kohta:

    The firm says Steel markets are getting tough in the US and problems look about to arise in Europe. The firm says there does not appear to be much the Western steel companies can do about it. The firm says the risk appetite is so high that the risk points are being largely ignored by the market. The firm says US destocking is likely to be as heavy as it was in 2005. Even with production cuts, they say imports are still high and the ISM suggests weaker real demand. The European steel market looks fine for now but the firm says it will likely see problems in 3-6 months. Inventory is rising but most importantly having seen prices equalize with the US, the firm says Europe is already seeing major tonnage of imports entering.
  • Ülespoole avanevad:

    CPSL +45% (extends Friday's big move as co changed from OLAB), CYTK +34% (announces strategic alliance with Amgen), HD +3.2% (CEO resigns), EAGL +24% (co to be taken private), SMI +16% (takeover speculation - Bloomberg.com), CALM +12% (reports NovQ), ZVUE +10% (announces launch of ZVUE.mobi), LFC +7.6% (extends recent weakness), FFHL +7.6% (momentum recent Chinese IPO; possibly being picked up in sympathy with CPSL; also AOB +6.3%), NUAN +5.5% (announces deal with AT&T), CSIQ +7.4% (announces new distribution agreement), RMBS +6% (signs license with QI), ALU +5.4% (completes acquisition of Nortel's UMTS unit), SIRI +5.4% (co says it exceeds 6 mln subscribers and achieves first cash flow positive qtr), SLP +5.2% (receives large software license), TASR +5.1% (Jefferies names it as top pick for 2007), TTM +5%, CANI +3.5% (to be acquired by CKFR), NOK +1.8%, AAPL +1.8% (soleil raises tgt to $100), AZN +1.4%, KPN +1.1% (to reorganize divisions), T +0.6% (closes merger with BLS).

    Allapoole avanevad:

    SPR -8.3% (recent IPO gets multiple initiations, initial ratings a bit disappointing with 3 Neutrals), AVZ -4.4% (profit taking after 7% move on Friday), CMOS -2.9% (Goldman downgrades to Sell), HL -2.7%, NBR -2.6% (guides lower; Calyon downgrade), PEO -2.1%, AMAT -0.5% (Goldman downgrades to Sell).
  • Viimasest indeksite tehnilisest pildist pole suurt midagi erinevat, ka lühiajalises plaanis, sest aasta lõpu liikumised on tehtud väikese käibega ning madala volatiilsusega. Nasdaq lõpetas aasta 5415,29 punkti juures ning tehniliselt suhteliselt nõrga pildiga, olles ca 1,5 kuud kaubelnud külgsuunas. Sellegipoolest asutakse ülalpool strateegilist 50 päeva libisevat keskmist, kuid esialgu ka allpool 20 päeva libisevat keskmist. Tõusuks oleks vaja selle viimase murmist ning liikumist bollingeri ülaserva juurde.

    DJIA on olnud kena, trendides ülespoole ning näidates väikeste tsüklitena uusi ajaloolisi tippe. Aasta lõpu viimane kauplemispäev lõpetati siiski 12500 punktist allpool. Asutakse ka ülalpol 20 päeva ja 50 päeva libisevaid keskmisi. Saame näha, mida toob algav aasta.

    Toornafta näitab jätkuvalt nõrkust, kaubeldes 60,30 dollari juures.

     

  • Merrill tõstis AAPL hinnasihi $102 peale, aktsia käitub selle peale väga nõrgalt
  • Negatiivsust nafta osas tõin päeva alguses välja. USO jõudis ka uue 52-nädala põhja teha
  • F Ford Motor says likely to see 20% decline in fleet sales in '07, including 30% lower daily rental sales
    GM General Motors reports Dec U.S. Auto Sales -9.6% vs. -2.2% street expectation
  • Mitte just kuigi kindlakäeline mulje ei jää Fed protokollist:

    "CONSIDERABLE" UNCERTAINTY ABOUT HOUSING SLUMP MAY MAKE EFFECT ON SPENDING MORE EVIDENT
    FOMC says employment should slow 'over the next quarter or so'
    FOMC minutes: CONSIDERABLE UNCERTAINTY ON PACE AND EXTENT OF SLOWING OF CORE INFLATION,RISKS REMAIN TO UPSIDE
    FED--HOUSING SLOWDOWN DID NOT APPEAR TO HAVE SPILLED OVER "SIGNIFICANTLY" INTO CONSUMER SPENDING
    FOMC minutes: ONE MEMBER WANTED STATEMENT TO SAY POLICY COULD BE ADJUSTED IN EITHER DIRECTION BASED ON OUTLOOK
    FED MINUTES - RECENT INDICATORS PROVIDED MIXED SIGNALS ABOUT STRENGTH OF NEAR-TERM ECONOMIC ACTIVITY
    FOMC Note: Core inflation improved 'modestly' but still a risk
    FOMC says 1 member open to possibility of rate cut or hike
    Fed minutes show inflation remained 'the predominant concern'
    FED MINUTES:SEVERAL MEMBERS SAW "SUBDUED TONE" OF DATA SHOWING DOWNSIDE RISK TO GROWTH HAD INCREASED
  • Seekordne sõnavõtt on suhteliselt absurdne ja tundub, et selget nägemust neil tuleviku osas ei ole. Kui oleme välja toonud, et 2007. aasta võib olla raske aeg ettevõtete juhtkondade jaoks kindlate (investeerimis)otsuste langetamise kohapealt, siis minu arust on praegune FED sõnavõtt selle suurepäraseks illustratsiooniks.
  • Igal juhul ei maksa kõike seda müüki nüüd "targaks rahaks" ka pidada. Suur osa kauplemisest on ka program trading ning kindlasti läksid paljud stopid käiku. Kuid seesugune ärakukkumine sel ajal kui kõik ootasid tugevust, on kindlasti märkimisväärne.
  • QID volatiilsus oli märkimisväärne võrreldes qqqq enda liikumisega
  • Aimar, su graafikud on suht informatsiooni täis kuhjatud. Näiteks "Price Labels" ja "Show Legends" eemaldamine teeks nad palju avaramaks. Samuti võiks graafikud natuke suuremad olla.
  • Kuna midagi uut ei olnud eriti lisada, siis seekord sai pandud hoopis väiksemad graafikud ning periood viidud 4 kuu peale, ka ei ole ühtegi lisaindikaatorit. No information at all.

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