sam collins posts
FeedPosted Oct 8th 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT), Family Dollar Stores (FDO)
Family Dollar Stores (NYSE: FDO), like Dollar Tree (NASDAQ: DLTR), is benefiting from the soft economy. Consumers love paying low prices, so they flock to these retail business models like moths to a flame. And judging by Family Dollar's Q4 report, people are still having a great time saving money.
Net income increased over 13% to 43 cents per share, which was two pennies higher than Wall Street's forecasts, according to our earnings preview. Unfortunately, sales weren't so great. Total sales went up 2.6%, and same-store sales saw a mere 1% gain. I would have expected higher growth in the comps metric.
Continue reading Family Dollar beats in Q4, but sales weren't exciting
Posted Apr 9th 2009 9:30AM by Sam Collins (RSS feed)
Filed under: ETF Investing, Technical Analysis, S and P 500, DJIA, Stocks to Buy, NASDAQ
Even if prices appear to be clawing their way through the overhead supply at around Dow 8,000 and S&P 500 825 to 875, the going is getting tougher.
The highest that the S&P has achieved so far was the high of Thursday, April 2, at 846, before it was turned aside on a minor reversal this Tuesday. Volume has been on the low side on both advances and declines, but this week that was no doubt due to the impending holiday weekend.
Continue reading Today's technical outlook: Can Nasdaq break away and reverse?
Posted Apr 6th 2009 9:30AM by Sam Collins (RSS feed)
Filed under: Dell (DELL), ETF Investing, Technical Analysis, S and P 500, Stocks to Buy
With the best four-week performance since 1938 behind us, with the markets up more than 23%, many analysts are wondering whether that sort of performance can be maintained.
This weekend, Drew Kanaly of Kanaly Trust said he was "highly skeptical" that the rally could run any more than a couple more weeks, and attributed it to extreme oversold readings following Treasury Secretary Tim Geithner's "ill-received speech of Feb. 10."
And Mark Arbeter of Standard & Poor's agreed with him. But Mark is still looking for the S&P 500 to run to "875 to 890 before a major correction sets in."
Continue reading Today's technical outlook: How far will the rally run?
Posted Apr 2nd 2009 9:30AM by Sam Collins (RSS feed)
Filed under: Technical Analysis, S and P 500, Stocks to Buy
Even though Friday's and Monday's selling moderated some of the overbought internal indicators, those indicators -- chiefly the Moving Average Convergence/Divergence (MACD) and Stochastic -- are still very overbought, and momentum has fallen to the point where it will take some hefty volume to make a meaningful turn up again.
And speaking of volume: Just when the bulls need a big chunk of buying to penetrate into the massive overhead beginning at S&P 500 820, volume contracted yesterday to just 1.5 billion shares traded on the NYSE.
Continue reading Today's technical outlook: Market remains in bear country
Posted Apr 1st 2009 9:30AM by Sam Collins (RSS feed)
Filed under: Technical Analysis, S and P 500, DJIA, Stocks to Buy
Yesterday was the last day of the quarter and, as usual, institutions were positioning some stocks that already had gains, a practice that Wall Street calls "prettying up portfolios."
But the last 45 minutes of trading may have revealed the true trend, as sellers drove the Dow down more than 115 points on the highest volume of the day.
The good news was that the major indices managed to hold above their respective 20-day moving average lines. But the S&P 500 failed to hold the 800 level, and many technicians felt that it was necessary to stay above that "psychological number" if the rally was to continue.
Continue reading Today's technical outlook: A sell-off is in the works
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