LiveRocket Week 14 Performance: Up 1.9%
First of all, I posted last week that all STOPs are off until I can fix the STOP model again.
That post did not in fact post, so let me repeat: no STOPs for the time being.
Nice rebound for a short week. We performed in line with the markets.
All signs point to a strong economy. For example, 180,000 jobs were added to the payroll. Or so they reported. I don’t believe it – too many indications are that employment is heading down not up. But since they only published data that is massaged – as opposed to raw data – we won’t really know.
HIGH TECH
That post did not in fact post, so let me repeat: no STOPs for the time being.
Nice rebound for a short week. We performed in line with the markets.
All signs point to a strong economy. For example, 180,000 jobs were added to the payroll. Or so they reported. I don’t believe it – too many indications are that employment is heading down not up. But since they only published data that is massaged – as opposed to raw data – we won’t really know.
HIGH TECH
AMX – Nice big jump from their proposed stake in Telecom Italia
CTSH – Continued weakness. It keeps bottoming. Waiting for earnings.
NUAN – They bought another company. GOOG is moving rapidly into voice recognition to enable mobile search (“find me pizza”). The rumor is that they are using NUAN. That’s huge if true.
PWR – Target price was raised
TRID – They have returned from the NASDAQ delisting deadline. Continued strong Circuit City and Best Buy flat panel TV sales just scream good news for TRID. Someday, right? http://blogs.barrons.com/techtraderdaily/2007/04/04/consumer-electronics-best-buy-circuit-city-lower-after-feb-qtr-results/
Quoting from Barrons:
Flat panel TVs: Best Buy had “strong double digit comparable store sales gains.” Circuit City cited “double digit comparable store sales growth…offset by double-digit comparable store sales declines in projection and tube televisions.”
Quoting from Barrons:
Flat panel TVs: Best Buy had “strong double digit comparable store sales gains.” Circuit City cited “double digit comparable store sales growth…offset by double-digit comparable store sales declines in projection and tube televisions.”
UCTT – Moved up a bit.
OIL SERVICES/EQUIPMENT
ATW – Waiting for earnings.
CLB – Big one day move on no news (up 3% Thursday). And on major volume (4x normal)
ESV – No news.
ESV – No news.
MDR – Hmmm. Good news all over the place but price has trended down. They sell a business unit (hello, profit) and TXU now says that they will in fact continue with coal plants. Here’s an article from the Street that praises the company.
BIOTECH
DIGE – Up everyday. Looks like we returned just in time.
HOLX – The week started off with a bang: up 4% Monday. Then, for the 2nd week in a row, a negative article hit HOLX. This time it was a review of the HOLX equipment. Turns out, everyone is laughing at the release. The study focused on old technology (CAD) and not the digital imaging that HOLX dominates. HOLX stock price returned.
IMA – The week started so well and then IMA decided to compete for Biosite. I don’t know enough to have an opinion
OTHER
KSU – No news
OCN – Down on low volume.
PCP – Up a bit on no news. Set a new 52 week high. The last time they were at 100, they split. I’m looking forward to the earnings release.TIE – Nice movement – stayed above $37 this week. Bank of America said Titanium fundamentals look good for 3 years (aluminum for 2 and steel unclear).
http://www.platts.com/Metals/News/6372639.xml?sub=Metals&p=Metals/News&?undefined&undefined
OCN – Down on low volume.
PCP – Up a bit on no news. Set a new 52 week high. The last time they were at 100, they split. I’m looking forward to the earnings release.TIE – Nice movement – stayed above $37 this week. Bank of America said Titanium fundamentals look good for 3 years (aluminum for 2 and steel unclear).
http://www.platts.com/Metals/News/6372639.xml?sub=Metals&p=Metals/News&?undefined&undefined
posted by Andrew at
11:38 AM
2 Comments:
All signs point to a strong economy ? So no recession? I don’t think so …the rentals have gone by 30-40% in the last one month and continue to go up every up month till the housing market recovers? Gas prices have gone up and there is talk of less inventory...so we are looking at $4 gas …and where is the money to pay these rising rent & gas prices? The consumer buying power is down...heading towards crash …I think sometime next year we hear about huge Job cuts/loses . You’re right when you commented in your previous posts that we are in 2001.
We are heading for a recession, make no mistake about that. But right now we are still in a transitory phase that I think will last through much of 2007.
I mistakenly thought the burst of the bubble would have happened a while ago, but it seems to be a solid 6~9 months before folks start to realize that all is not well. recession in 2008, not 2007
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