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Morning Call . . .
| General Pre Market Information | Earnings Recap | Upgrades/Downgrades |
| IPO's, Secondarys, & Splits | Meeting Transcripts | Hard to Borrow List |
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Updated each day at 8:45am
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Day Trader Market Information
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Last
Update: December 3, 2003
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Fair
Value: S&P -0.68; NASDAQ -2.71
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Overnight Equity Summary:
Nikkei decreased by 83.76 points to 10,326.39.
FTSE is higher by 3.90 points to 4,382.80.
DAX is higher by 43.66 points to 3,852.92.
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Foreign
Exchange Rates:
Japanese Yen at 0.009234.
Hong Kong Dollar at 0.1288.
Euro at 1.209.
UK Pound at 1.7277.
Swiss Franc at 0.7763.
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US Treasury Market:
5-Year is at 99 26/32 yielding 3.42%.
10-Year is at 98 31/32 yielding 4.38%.
30-Year is at 103 9/32 yielding 5.15%.
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Commodities:
Light Crude Oil prices increased by $0.83 to $30.78.
Natural Gas prices increased by $0.296 to $5.579.
Gold prices were higher at $404.60.
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Earnings
Recap
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Company
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Reported
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Estimate
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| Navistar |
NAV |
0.72 |
0.71 |
| Chico's FAS |
CHS |
0.30 |
0.27 |
| Finisar |
FNSR |
-0.06 |
-0.06 |
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Earnings
Today
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Company
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Reported
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Estimate
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| Mandalay Resort |
MBG |
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0.62 |
| Synopsys |
SNPS |
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0.41 |
| Ulticom |
ULCM |
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0.03 |
| Verint Systems |
VRNT |
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0.14 |
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Broker
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Grade
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IPO & Secondary:
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Type
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Symbol
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Shares/Manager
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Week of
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Splits:
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Symbol
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Ratio
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Announce
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Payable
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Last
updated: December 3, 2003
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Updated each day at 9:15am
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Morning Meeting Recap
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Wednesday
We had a retracement of Monday's up move yesterday. As long
as we close above the November high of 1063-1064 you should
continue to buy on dips.We will probably stay in this narrow
range until Friday's unemployment number. GE was very strong
and I would look for it to continue today. MRK came out with
their earnings forecast and is gapping up a point. It is just
coming out of an oversold situation on the daily chart so
it probably has several more points of upside. The retailers
continue to be very weak and KSS was downgraded, so they could
be good shorts if they gap up with the Market. The productivity
number was very strong so look for the ISM number at 10AM
to push the market for the daily direction.
Here are some additional news related trading ideas:
KSS downgraded to Neutral at BofA
KSS comps, EPS estimates reduced at UBS
ASML receives first industry order for lithography system
from TSMC
UBS upgrades PeopleSoft and Oracle
Merck sees 2004 EPS of $3.11 to $3.17
CMCSK upgraded at JP Morgan
Motorola reaffirms Q4 guidance in line with consensus
Fairchild Semi raises Q4 revenue outlook
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DISCLAIMER - There is a very high degree of risk involved in day trading. Past results are not indicative of future returns. JPR Capital, and all individuals associated with this site assume no responsibility for your day trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
Please send us your feedback on this commentary.
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