24/7 Wall St.
01-23-2009, 05:30 PM
24/7 Wall St. Daily News
Today's market looked more like an advanced yo-yo session rather than a regular stock market trading day. Since stocks gapped down so much, there were many new names on the list of 52-week lows. What is interesting is that many other stocks hit 52-week lows but bounced back to being positive on the day.
American Express (NYSE: AXP) and Capital One (NYSE: COF) both graced the list of lows as GE's consumer losses only added fuel to the fire.
Blue Nile Inc. (NASDAQ: NILE) tankola, again. Forget Valentine's Day this year.
Clorox Co. (NYSE: CLX) burns investors' eyes as bad as it burns its client's eyes.
Elizabeth Arden (NASDAQ: RDEN) keeps falling after the bad news from it and its peers over the last week and a half. Brittney Spears can't help.
FedEx Corp. (NYSE: FDX) keeps dropping.
Harley Davidson (NYSE: HOG) caught another case of HAGS and is believed to be in trouble all year after earnings.
Intuitive Surgical (NASDAQ: ISRG) keeps getting pounded. Down close to 70% from highs now. Leonardo DaVinci would now sue over the use of his name.
The Korea Fund (NYSE: KF) was down almost 7%. We don't like to put country funds or ETF's today, but that Kim Chee from last night just didn't sit well today.
Microsemi (NASDAQ: MSCC) on earnings warning.
Polaris Industries (NYSE: PII)... weak HOG sales from Harley, weak motorcycle and snowmobile relative? Works every time.
Rackspace Hosting (NYSE: RAX)... Racking the Rackers, in the server room....
RealNetworks (NASDAQ: RNWK), a surprise but think of peers. And when was the last time you bought anything from them?
Seagate Technology (NYSE: STX) again... with the earnings it put up this week, you can call it Floodgate.
Jon C. Ogg
January 23, 2009
http://feeds.feedburner.com/~f/typepad/RyNm?i=uM7xaZ.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=uM7xaZ.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=1TyEy7.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=1TyEy7.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=cweZ7H.p (http://feeds.feedburner.com/~f/typepad/RyNm?a=cweZ7H.p)
complete story here... (http://www.247wallst.com/2009/01/52-week-low-clu.html)
Today's market looked more like an advanced yo-yo session rather than a regular stock market trading day. Since stocks gapped down so much, there were many new names on the list of 52-week lows. What is interesting is that many other stocks hit 52-week lows but bounced back to being positive on the day.
American Express (NYSE: AXP) and Capital One (NYSE: COF) both graced the list of lows as GE's consumer losses only added fuel to the fire.
Blue Nile Inc. (NASDAQ: NILE) tankola, again. Forget Valentine's Day this year.
Clorox Co. (NYSE: CLX) burns investors' eyes as bad as it burns its client's eyes.
Elizabeth Arden (NASDAQ: RDEN) keeps falling after the bad news from it and its peers over the last week and a half. Brittney Spears can't help.
FedEx Corp. (NYSE: FDX) keeps dropping.
Harley Davidson (NYSE: HOG) caught another case of HAGS and is believed to be in trouble all year after earnings.
Intuitive Surgical (NASDAQ: ISRG) keeps getting pounded. Down close to 70% from highs now. Leonardo DaVinci would now sue over the use of his name.
The Korea Fund (NYSE: KF) was down almost 7%. We don't like to put country funds or ETF's today, but that Kim Chee from last night just didn't sit well today.
Microsemi (NASDAQ: MSCC) on earnings warning.
Polaris Industries (NYSE: PII)... weak HOG sales from Harley, weak motorcycle and snowmobile relative? Works every time.
Rackspace Hosting (NYSE: RAX)... Racking the Rackers, in the server room....
RealNetworks (NASDAQ: RNWK), a surprise but think of peers. And when was the last time you bought anything from them?
Seagate Technology (NYSE: STX) again... with the earnings it put up this week, you can call it Floodgate.
Jon C. Ogg
January 23, 2009
http://feeds.feedburner.com/~f/typepad/RyNm?i=uM7xaZ.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=uM7xaZ.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=1TyEy7.P (http://feeds.feedburner.com/~f/typepad/RyNm?a=1TyEy7.P) http://feeds.feedburner.com/~f/typepad/RyNm?i=cweZ7H.p (http://feeds.feedburner.com/~f/typepad/RyNm?a=cweZ7H.p)
complete story here... (http://www.247wallst.com/2009/01/52-week-low-clu.html)