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Monday, October 1, 2012

Stocks for Oct 2nd: AAPL, FAS, JPM, HALO, CLB

Today was extermely volatile day. Market opened higher inspite of worsening PMI data from Europe to China and yet futures were up 70 point. US ISM data showed improvement after 3 month of contraction. Stock market didn't sell off on those contraction but it made sure to rally on the good news. ECB is carrying fine tuning operation tomorrow. Stock market have rallied or have higher open on Tuesday because of this operation. At the same time it has also helped market to close flat on negative news and acted as cushion.
Rumor is expected to continue till Oct 18th EU finance minister meeting and secret sources will come to the market every hour find reuters, CNBS and other media to give their secret news. So either sit on the sideline and be in cash or get ready for the roller coaster ride. Don't be surprise by sudden rally or sudden sell off.  My advice is "Be in cash".

ECB is carrying fine tuning operation tomorrow and inspite of bearish trend , Market is expected to open flat to higher.

Market was up even before ISM data was out as shown in the chart.

All earnings releases
Company NameTimeTranscriptWall St
EPS Est($)
MOSAIC CO/THE  MOS Before OpenN/A1.15N/A
RESOURCES CNCTN  RECN After Market CloseN/A0.12N/A
XYRATEX LTD  XRTX After Market CloseN/A0.34N/A

Economic Calendar To watch.

0:30AUDRBA - Overnight Ratehigh3.53.5
0:30AUDRBA Monetary Policy Meetinglow
2:00GBPNationwide house prices (nsa)med-0.7-0.7
2:00GBPNationwide house prices (sa)med01.3
3:00GBPHalifax House Price Index (2nd-5th)med-0.9-0.9
3:00GBPHalifax House Price Index (2nd-5th)med0-0.4
3:00EURLiikanen Group to publish report on bank structurelow
3:40EURPresident of the European Commission Barroso speaks at Connecting Europe eventlow
4:30GBPCIPS / Markit Construction PMImed49.949
16:00NZDPM Key speaks at China Business Summitlow
17:00USDVehicle Saleslow14.514.46
19:01GBPBRC Shop Price indexlow1.1
19:30AUDAIG Services PMIlow42.4
20:00CADFinMin Flaherty speaks at Investment Funds Institute of Canada's leadership conferencelow
20:00Asian Development Bank to publish the Asian Development Outlook 2012 Updatelow
20:00WTO's General Council Meeting (to 4 Oct)med
21:30AUDTrade Balancemed-0.69-0.56

Percentage Gainers
IssueSymbolVolumeLastChg% ChgHighLow
BLYTHBTH339,244$28.051.28 4.78$33.25$26.26
GlowpointGLOW6,0002.170.09 4.332.242.17
PETsMARTPETM70,45869.501.94 2.8769.5667.53
Synta PharmaceuticalsSNTA19,7039.670.26 2.769.678.96
HeckmannHEK12,5344.300.10 2.384.304.20

Percentage Decliners
IssueSymbolVolumeLastChg% ChgHighLow
Halozyme TherapeuticsHALO14,553$5.53-1.88-25.38  $7.56$5.53
Core LaboratoriesCLB7,679108.61-12.02-9.96  120.71108.50
Kronos WorldwideKRO20,37113.77-1.00-6.77  14.9413.77
Genesis EnergyGEL43,49632.79-1.77-5.12  34.7032.50
Ship Finance InternationalSFL24,84315.19-0.81-5.06  16.0015.00
Tesoro Logistics LPTLLP70,12841.55-1.89-4.35  42.7241.40
Xueda Education Group ADSXUE17,9883.30-0.15-4.35  3.403.30