Great couple of days of rally, but I don’t think we are in a full bull market yet. A broad market rally with energy lagging, except for BTU because of Cramer.
CELG – short
FDX – short
SLB – short
WFMI – short

ICANN, the internet’s governing agency, may release the remaining single letter domain names this week during the conference. These names are expected to fetch millions of dollars. [Forbes]

Market Recap 11/23/05

Mid Day Recap 11/21/2005

In general no one would disagree that the real estate market is slowing down due to rise in interest rate. But this time not all home builders are created equal. During the tougher time these creme of the crop is going to rise to the top. Builders like Beazer Homes, Centex, and [...]

Homebuilder D.R. Horton (DHI) upped its earnings forecast for the Sept. 2006-ending fiscal year after reporting a 61% rise in fourth-quarter net income to $564 million, or $1.77 a share with revenue up 45% to $5.1 billion on a 38% increase in homes closed. Analysts polled by Thomson First Call were expecting an EPS of [...]

After the market closed, Target warned the November sales would be below forecast.
Discount retailer Target Corp. said on Monday its November sales at stores open at least one year would be below its forecast of a 4 percent to 6 percent increase.
[MSN Money]
But Walmart during its conference call are very upbeat about the [...]

Beginning in January, In2TV plans to offer 300 episodes per month and about 100 shows in the first year on six channels ranging from comedy to drama, The Journal said, and Warner Bros. has cleared 300 series, or about 14,000 individual episodes, for use on the service. The streaming service will be available to users [...]

It looks like lower energy prices is triggering a year end rally for the World.
Europe, Asia, and United States

A computer security firm said Thursday it had discovered the first virus that uses music publisher Sony BMG’s controversial CD copy-protection software to hide on PCs and wreak havoc.
[CNN Money]

Hedge Funds, boys club…
Where are the girls? Is it skills, personality, or discrimination against her and her kids?
not surprisingly, is the notion that you can’t run a hedge fund and raise children. “The demands are not compatible with family life,” says one former (female) analyst who joined a hedge fund. Investors put money into [...]

Dell released its earnings today and in line with lower estimates. Revenue is weaker than expected. CEO Kevin Rollins said the recent release of high end XPS is doing great. China grew 46% in unit sale and 26% in revenue.
Dell is continuing to focus on more profitable storage, server, and enterprise services [...]

Opening Bell 11/10/2005

It’s no news that Toyota (TM) has been beating other auto makers worldwide, especially the Detroit’s big three: Ford, General Motor, and Chysler.
Toyota’s success is to continuously produce quality, affordable, stylish cars and trucks to stay ahead of its competitions. Its recent success is also coming from the foresight of investing in hybrid technologies. [...]

Market Recap 11/8/2005

Opening Bell 11/8/2005

Looking at the earning releases of Expedia (EXPE), Sabor Holdings (TSG – Owner of Travlocity), and Priceline (PCLN) with the exception of Cendant (Owner of Orbitz) have surprised the street with their tremendous growth. Expedia reported adjusted earnings of 35 cents a share beating the consensus of 31 cents, Sabor Holdings reported 50 cents [...]

Dow Jones posted a weekly gain of 1.2%, S&P posted 1.8%, and Nasdaq with best weekly gain in 14 months posted 3.8% gain. Stocks certainly behaved as anticipated.
With the Fed did as anticipated and retail sales was unexpectedly strong, but weak job report. What should we expect next week? I [...]

Mid-Day 11/4/2005

Market Recap 11/2/2005

Mid Day 11/1/2005

Other markets in the world are taking cue from US market’s positive gain and continue to rally. Today the Fed will meet and decides on the interest rate. Many are forecasting the .25% increase for this meeting and bring the short term rate to 4%. I think the market will breath a [...]

The market certainly was unpredictable last week as the Dow surged more than 160 pts on Monday, give it all back during the week, and than gain it all back this past Friday. Thanks to a nice 3.8% GDP number. We now know the economy is still growing at a healthy pace. [...]

Market is tanking again! Everything is being sold off! This is crazy! I’ve closed my long positions like Starbucks and Yum this morning and for some reason I keep Pepsi and it turns out to be a good decision. I’m still holding on to Yahoo, but it hasn’t done anything since [...]

Opening Bell 10/27/2005

Market Recap 10/26/2005

Juniper beat the earning by a penny. Revenue rose $546.4 million from $375 million a year ago. Net income rose to $84.1 million, or 14 cents per share, from $48.8 million, or 8 cents per share, in the year-ago quarter. It also raised revenue guidance from $564 million to $575 million.
Bulls View:
The company [...]

Opening Bell 10/25/2005

Mid Day 10/24/2005

Long: GENZ, STJ, ACN, VRSN, SNDK, JNPR, BBY, DELL, IHP
Short: GILD, OIH, BRCM