精华 苦辣酸甜难书尽，成败得失笑谈中
- 主题发起人 加京游子
- 开始时间
Market-moving events for next week
MONDAY, July 13
WASHINGTON: Treasury releases federal budget for June
CSX Corp. reports second-quarter financial results
TUESDAY, July 14
Goldman Sachs Group Inc. reports second-quarter financial results
Intel Corp. reports second-quarter financial results
Johnson & Johnson reports second-quarter financial results
WEDNESDAY, July 15
Abbott Laboratories reports second-quarter financial results
AMR Corp. reports second-quarter financial results
Gannett Co. reports second-quarter financial results
THURSDAY, July 16
WASHINGTON: Labor Department releases weekly jobless claims, 8:30 a.m.
Freddie Mac, the mortgage finance company, releases weekly mortgage rates
Former Treasury Secretary Henry Paulson testifies before the House Oversight and Government Reform Committee on the Bank of America-Merrill Lynch deal
Baxter International Inc. reports second-quarter financial results
Biogen Idec Inc. reports second-quarter financial results
Google Inc. reports second-quarter financial results
Harley-Davidson Inc. reports second-quarter financial results
International Business Machines Corp. reports second-quarter financial results
JPMorgan Chase & Co. reports second-quarter financial results
Marriott International Inc. reports second-quarter financial results
FRIDAY, July 17
Bank of America Corp. reports second-quarter financial results
Citigroup Inc. reports second-quarter financial results
General Electric Co. reports second-quarter financial results
Mattel Inc. reports second-quarter financial results
PPI, CPI and new housing starts will also be released in the week
MONDAY, July 13
WASHINGTON: Treasury releases federal budget for June
CSX Corp. reports second-quarter financial results
TUESDAY, July 14
Goldman Sachs Group Inc. reports second-quarter financial results
Intel Corp. reports second-quarter financial results
Johnson & Johnson reports second-quarter financial results
WEDNESDAY, July 15
Abbott Laboratories reports second-quarter financial results
AMR Corp. reports second-quarter financial results
Gannett Co. reports second-quarter financial results
THURSDAY, July 16
WASHINGTON: Labor Department releases weekly jobless claims, 8:30 a.m.
Freddie Mac, the mortgage finance company, releases weekly mortgage rates
Former Treasury Secretary Henry Paulson testifies before the House Oversight and Government Reform Committee on the Bank of America-Merrill Lynch deal
Baxter International Inc. reports second-quarter financial results
Biogen Idec Inc. reports second-quarter financial results
Google Inc. reports second-quarter financial results
Harley-Davidson Inc. reports second-quarter financial results
International Business Machines Corp. reports second-quarter financial results
JPMorgan Chase & Co. reports second-quarter financial results
Marriott International Inc. reports second-quarter financial results
FRIDAY, July 17
Bank of America Corp. reports second-quarter financial results
Citigroup Inc. reports second-quarter financial results
General Electric Co. reports second-quarter financial results
Mattel Inc. reports second-quarter financial results
PPI, CPI and new housing starts will also be released in the week
MS analysis on BAC
This is the most comprehensive analysis on BAC I have come across thus far. Keep it here for my own periodic review/update.
BAC - Finance, Business & Law, and bank of america. banks
This is the most comprehensive analysis on BAC I have come across thus far. Keep it here for my own periodic review/update.
BAC - Finance, Business & Law, and bank of america. banks
What a pleasant surprise today!
When I picked up BAC August calls over the last couple of weeks (added as late as last Friday), I was expecting the minimum of one major bank to pre-announce a great Q. Heck, that did not materialize but there is no need for that any longer --- GS will announce tomorrow AM before the opening bell. It was completely out of my wildest imagination that Meredith Whitney could go on CNBC upgrading the entire banking sector, in particular GS and BAC. She went as far as saying that BAC is, "bar none", the cheapest big bank stock relative to tangible book value (hey, I know that all along since last March, good-looking, but thanks a lot for saying it on national TV, anyway). Whoa, what a pleasant surprise and I like it very much. Getting help from totally unexpected hands/mouths is always a big welcome!
Now, a few words on Meredith Whitney. This pretty-faced, ego-centric, talking-from-both-sides-of-the-mouth, recently-turned-independent, self-proclaimed bigger-than-life market-moving financial analyst, was indeed very right on C. Yes, this bitch was so abso-fxxking-lutely right that anyone who followed her to short C made it big, really big. But that was about it. She was right once, and once only. Yet, she milked and over-milked that right call again and again and again, bashing the entire banking sector like there is no tomorrow and making her listening clients miss the bottom miserably. A great number of them even went short against a tidal wave of banks doubling/trippling/quadribling, resulting in losses in the millions upon millions of dollars. Facing the national TV, she was again talking this morning from both sides of her mouth. Oh well, down the road, no matter what happens in the market, some of the things she said this AM will surely come true as she had all the bases covered (e.g., GS will beat big time, banks can go up 15% in the short term and then flatline and then a leg down, and the unemployment rate can reach as high as 15%. All over the map, huh? Well, yours truly dare, without any reservation and hesitation, to predict that all living persons will die one day, sooner or later!!!) --- pretty-faced and smart-brained, indeed! Play games, let's play games, Wall Street! Yours truly won't be surprised at all that this bitch has loaded bank stocks, directly or indirectly, over the last couple of weeks.
If you can't beat them, join them, huh? But make your moves before them and that is the only way to beat them!
It is hardly a hard thing to be right once or twice, even a broken clock can have it right once or twice a day. What is hard is to be right consistently as the marketplace is full of not only the unexpected but also the unexpectable --- a highly pricey lesson I learnt with tuition fees paid in hard-earned cash, tear and blood. Today, I was pleasantly surprised by the unexpected --- consider this as being lucky. Can I be pleasantly surprised by the unexpectable tomorrow and the day after? All I can try is to be fully prepared for not only the unexpected but also the unexpectable.
p.s. CSX handsomely beat street profit estimates after today's closing bell. All eyes are on GS before the opening bell tomorrow.
I did not sell any BAC shares or options today --- I feel I am right and I want to sit tight.
When I picked up BAC August calls over the last couple of weeks (added as late as last Friday), I was expecting the minimum of one major bank to pre-announce a great Q. Heck, that did not materialize but there is no need for that any longer --- GS will announce tomorrow AM before the opening bell. It was completely out of my wildest imagination that Meredith Whitney could go on CNBC upgrading the entire banking sector, in particular GS and BAC. She went as far as saying that BAC is, "bar none", the cheapest big bank stock relative to tangible book value (hey, I know that all along since last March, good-looking, but thanks a lot for saying it on national TV, anyway). Whoa, what a pleasant surprise and I like it very much. Getting help from totally unexpected hands/mouths is always a big welcome!
Now, a few words on Meredith Whitney. This pretty-faced, ego-centric, talking-from-both-sides-of-the-mouth, recently-turned-independent, self-proclaimed bigger-than-life market-moving financial analyst, was indeed very right on C. Yes, this bitch was so abso-fxxking-lutely right that anyone who followed her to short C made it big, really big. But that was about it. She was right once, and once only. Yet, she milked and over-milked that right call again and again and again, bashing the entire banking sector like there is no tomorrow and making her listening clients miss the bottom miserably. A great number of them even went short against a tidal wave of banks doubling/trippling/quadribling, resulting in losses in the millions upon millions of dollars. Facing the national TV, she was again talking this morning from both sides of her mouth. Oh well, down the road, no matter what happens in the market, some of the things she said this AM will surely come true as she had all the bases covered (e.g., GS will beat big time, banks can go up 15% in the short term and then flatline and then a leg down, and the unemployment rate can reach as high as 15%. All over the map, huh? Well, yours truly dare, without any reservation and hesitation, to predict that all living persons will die one day, sooner or later!!!) --- pretty-faced and smart-brained, indeed! Play games, let's play games, Wall Street! Yours truly won't be surprised at all that this bitch has loaded bank stocks, directly or indirectly, over the last couple of weeks.
If you can't beat them, join them, huh? But make your moves before them and that is the only way to beat them!
It is hardly a hard thing to be right once or twice, even a broken clock can have it right once or twice a day. What is hard is to be right consistently as the marketplace is full of not only the unexpected but also the unexpectable --- a highly pricey lesson I learnt with tuition fees paid in hard-earned cash, tear and blood. Today, I was pleasantly surprised by the unexpected --- consider this as being lucky. Can I be pleasantly surprised by the unexpectable tomorrow and the day after? All I can try is to be fully prepared for not only the unexpected but also the unexpectable.
p.s. CSX handsomely beat street profit estimates after today's closing bell. All eyes are on GS before the opening bell tomorrow.
I did not sell any BAC shares or options today --- I feel I am right and I want to sit tight.
Pretty good on the ER front; economic data are also good
JNJ beat profit and revenue estimates and reaffirmed earnings guidance;
GS reported a blowout Q;
INTC beat profit and sales estimates (excluding the EU antitrust fine); guided higher
PPI rose more than expected --- this is exactly what is needed for active economic activities. Concerns of inflation are baseless, IMHO;
Retail sales rose two months in a row --- 0.6% is rather significant;
Factory inventories fell more than expected, another good sign
So far so good. Tomorrow is relatively light on the ER front but Thursday and Friday are ER heavy. By week's end, market participants shall have a pretty clear view regarding the pulse of the economy going forward. Granted, everyone has his/her own reading and that is exactly how we have markets.
Good lucks in trading/investing! Yours truly am holding.
JNJ beat profit and revenue estimates and reaffirmed earnings guidance;
GS reported a blowout Q;
INTC beat profit and sales estimates (excluding the EU antitrust fine); guided higher
PPI rose more than expected --- this is exactly what is needed for active economic activities. Concerns of inflation are baseless, IMHO;
Retail sales rose two months in a row --- 0.6% is rather significant;
Factory inventories fell more than expected, another good sign
So far so good. Tomorrow is relatively light on the ER front but Thursday and Friday are ER heavy. By week's end, market participants shall have a pretty clear view regarding the pulse of the economy going forward. Granted, everyone has his/her own reading and that is exactly how we have markets.
Good lucks in trading/investing! Yours truly am holding.
Took 3/5 of BAC August calls off the table today
Despite being bullish on JPM's ER tomorrow and BAC's Friday, I took 3/5 of my August calls off the table today as planned (I stated that last week), booking some profits. These short-term calls were bought for an ER play and since they ran up nicely prior to BAC's own ER, expectations were met and objectives reached. There is no need to take the risk of losing all the nice profits and hence the sale.
Part of the proceeds went to significantly add ELN 2011 Jan. calls. ELN should not be trading at these prices following the game-changing news with JNJ. Good news kept coming down but the PPS kept dipping, doesn't make any sense to me at all. Conclusion: tremendously undervalued and thus the big buy today (fully loaded now).
Despite being bullish on JPM's ER tomorrow and BAC's Friday, I took 3/5 of my August calls off the table today as planned (I stated that last week), booking some profits. These short-term calls were bought for an ER play and since they ran up nicely prior to BAC's own ER, expectations were met and objectives reached. There is no need to take the risk of losing all the nice profits and hence the sale.
Part of the proceeds went to significantly add ELN 2011 Jan. calls. ELN should not be trading at these prices following the game-changing news with JNJ. Good news kept coming down but the PPS kept dipping, doesn't make any sense to me at all. Conclusion: tremendously undervalued and thus the big buy today (fully loaded now).
It appears that CIT's bankruptcy filing can come as early as tomorrow
Talks with regulators about emergency funding have ceased. Obama/Geithner seemed determined to let this one go like what Bush/Paulson did to LEH. CIT is much smaller but may still cause some headaches. How big this impact may be and if the expected good ERs can offset this remains to be seen. Futures did dip severely immediately following the news but has since recovered somewhat and stabilized.
Should this cause a big dip in BAC in the morning, I will buy back some of the August calls I sold today.
I don't own CIT and hope nobody does.
Talks with regulators about emergency funding have ceased. Obama/Geithner seemed determined to let this one go like what Bush/Paulson did to LEH. CIT is much smaller but may still cause some headaches. How big this impact may be and if the expected good ERs can offset this remains to be seen. Futures did dip severely immediately following the news but has since recovered somewhat and stabilized.
Should this cause a big dip in BAC in the morning, I will buy back some of the August calls I sold today.
I don't own CIT and hope nobody does.
Futures turn green after JPM's handsome 2Q
PM trading just opens for institutions. Banks are all up a tad as I write but volumes are too light to gauge a direction for the day ahead. Yesterday's strongly rally was very broad-based. CIT's going under doesn't seem to be much of a concern. State of the economy will be much better known after tech bellwether ERs out today and tomorrow. My own reading is that bulls are in town as the line of least resistance gradually moves upwards.
Today's major economic data are jobless claims, due out at 8:30am.
Bear in mind that while stock indexes are a leading indicator of the real economy by 3-6 months, unemployment rates a lagging indicator by 3-9 months. While I try to trade a few hands to lower my cost basis, my present miniscule amount is largely for the long term and I am not too concerned with short-term swings. I am not a good trader who can buy the lows and sell the tops.
Good luck!
PM trading just opens for institutions. Banks are all up a tad as I write but volumes are too light to gauge a direction for the day ahead. Yesterday's strongly rally was very broad-based. CIT's going under doesn't seem to be much of a concern. State of the economy will be much better known after tech bellwether ERs out today and tomorrow. My own reading is that bulls are in town as the line of least resistance gradually moves upwards.
Today's major economic data are jobless claims, due out at 8:30am.
Bear in mind that while stock indexes are a leading indicator of the real economy by 3-6 months, unemployment rates a lagging indicator by 3-9 months. While I try to trade a few hands to lower my cost basis, my present miniscule amount is largely for the long term and I am not too concerned with short-term swings. I am not a good trader who can buy the lows and sell the tops.
Good luck!
