The Red Roadmasterâ€™s US Market Re-cap + Stock Talk â„˘
September 10, 2009
Date Line: USA
Wall Street Close Up for 4th session running
Re-cap of the US Stock Market Action on September 9, 2009 US stocks closed higher for a 4th day running on Wednesday, driving the S&P 500 to its best finish on the year. The advance on the NAS was limited by Apple Inc. as if fell 1% to US$171.14/shr. The DJIA was up 49.88 pts, or 0.53%, to close at 9,547.22, the S&P 500 was up 7.98 pts, or 0.78%, at 1,033.37 on the day, the NAS was up 22.62 pts, or 1.11%, to end the session at 2,060.39, and the The Russell 2000 rose 10.02, or 1.7%, closing at 586.40. US Crude Oil settled at US$71.31bbl and Gold trade tapped near US$1,000 oz. .The Federal Reserve's Beige Book survey showed half of Federal Reserve districts saw evidence the US economy had improved by the end of August, as labor markets remained weak and retail sales flat overall. Volume and Breadth: Advancers outpaced decliners by about 5-to-2 on the NYSE, the volume came to 1.2M/shrs. compared with 1.3B/shrs on Tuesday. Bond prices mostly rose. The yield on the benchmark 10 yr T-Note was flat at 3.48%t from late Tuesday. Overseas, Japan's Nikkei stock average fell 0.8%, Britain's FTSE 100 rose 1.2%, Germany's DAX rose 1.7%, and France's CAC-40 advanced 1.3%. Stock to Watch Today
Caterpillar, Inc. (CAT), eBay (EBAY), General Electric Company (GE), and 3M Company (MMM)
Caterpillar, Inc. (CAT) Up-date 14 September 10, 2009 Paul A. Ebeling, Jr. Analyst Letâ€™s have a look at Caterpillar, Inc. (CAT), the World's #1 maker of earthmoving machinery and a leading supplier of agri. equipment, from a Technical POV. The overall indications after Wednesdayâ€™s (September 9, 2009) market action is Bullish: in the near term Neutral, mid-term Very Bullish and long term Very Bullish. The recent candlestick analysis is Very Bearish.
**Chart by: http://www.stockta.com
Latest News: Navistar and Caterpillar Announce Global Truck Joint Venture NC2
Wednesdayâ€™s Market Action Close 48.14 + 1.44
There is a DOJI on September 8 and five Gaps open up between July 15 and September 8, 2009 at 31.96/46.36, the near term resistance is 52.90, support at 47.96, and the 50 day (EMA) exponential moving average is 42.93. This is Caterpillar, Inc: Caterpillar is the world's #1 maker of earthmoving machinery and a leading supplier of agricultural equipment. It makes construction, mining, and logging machinery; diesel and natural gas engines; industrial gas turbines; and electrical power-generation systems. Caterpillar has plants worldwide and sells its equipment globally via a network of 3,600 locations in 180 countries, offering rental services through more than 1,600 outlets worldwide, and it provides financing and insurance for its dealers and customers. Cat Power Ventures invests in power projects that use Caterpillar power generation equipment, and Caterpillar Logistics Services offers supply chain services Industries Where Caterpillar Competes Construction, Mining & Other Heavy Equipment Manufacturing Agricultural Machinery Manufacturing Financial Services Insurance Transportation Services
Caterpillar, Inc. (HQ) Chairman and CEO James W. (Jim) Owens
100 NE Adams St. Peoria, IL 61629 United States Phone: 309-675-1000 Fax: 309-675-1182 http://www.cat.com
Caterpillar Subsidiaries Caterpillar Logistics Services, Inc. Mitsubishi Caterpillar Forklift America Inc. Progress Rail Services Corporation
eBay, Inc. (EBAY) Up-date 4 September 10, 2009 Paul A. Ebeling, Jr. Analyst Today let’s look at eBay (EBAY), the premier online (AKA World’s Biggest) marketer/seller, from a technical POV. The overall indications, after Wednesday’s (September 9, 2009) market action, are Bulllish: in the near term Neutral, mid-term Very Bullish, and long term Very Bullish. The recent Candle Stick Analysis is: Neutral.
**Chart by: http://www.stockta.com
Latest News: EBay, McDonald's, Capital 1, Apple big movers
Wednesday’s Market Action Close
There are three Gaps open up on Apr 23 and Sept 9, 2009 at 15.10/22.15; the near term resistance is at 24.47, support at 22.13, and the 50 day exponential moving average is 20.65. This is eBay, Inc. (EBAY): In the lexicon of the modern consuming idiom the term “I got it on eBay" has become fully establish and is making eBay online auctioneer the world leader. eBay is a cyber-forum for selling more than 50,000 categories of merchandise, from junk to fine antiques, and hosting about 500,000 online stores worldwide. eBay, which generates revenue through listing/ selling fees and advertising, has more than 27%MM registered users. In 2007, eBay acquired one of the fastest growing online ticket sellers, StubHub, for US$307MM. eBay, Inc. ranks #326 in FORTUNE 500 and #213 in FT Global 500
The Competitive Landscape eBay competitors are primarily in the Auctions industry. eBay also competes in the Messaging, Conferencing & Communications Software, Transaction, Credit & Collections, and Fixed-line Voice Services Providers sectors.
eBay’s competition includes Amazon.com Google Yahoo!
eBay, Inc. (HQ) Chairman Pierre M. Omidyar SVP & CFO Robert H. (Bob) Swan 2145 Hamilton Ave. San Jose, CA 95125 United States Phone: 408-376-7400 Fax: 408-376-7401
General Electric Company (GE) Up-date 41 September 10, 2009 Paul A. Ebeling, Jr. Analyst Today letâ€™s look at General Electric Company (GE), a company whose innovative leadership has played a major part in shaping the modern world and how we live and enjoy it, from a Technical POV. The overall analysis after Wednesdayâ€™s (September 9, 2009) market action is Bullish: in the near term Neutral, midterm Very Bullish , and long term Very Bullish. The recent Candle Stick analysis is: Very Bearish
**Chart by: http://www.stockta.com
Latest News: Nuclear Poised for Comeback: GE, Hitachi Win Design Approval for Passive Reactor
Wednesday’s Market Action Close 14.87
There is a Bearish Doji Star on September 8 and four Gaps open up between April 2 and Sept 8, 2009 at 10.26/14.26, the near term resistance is NIL, support at 14.70 and the 50 day (EMA) exponential moving average is 13.37. This is the General Electric Company (GE): GE manufactures everything from turbines to TVs, from household appliances to power plants, General Electric has innovated businesses that have shaped the modern world and how we live and enjoy it. The company produces; aircraft engines, locomotives and other transportation equipment, kitchen and laundry appliances, lighting, electric distribution and control equipment, generators and turbines, and medical imaging equipment. GE is also one of the preeminent financial services companies in the US. Its General Electric Capital unit comprises commercial finance, consumer finance, aircraft leasing, and energy financial services, is its largest segment. Plus they own and operate the NBC television network.
Industries Where GE Competes Commercial Lending (primary) Aerospace & Defense Automotive & Transport Consumer Products Manufacturers
GE Subsidiaries and Affiliates CFM International, S.A. Société Factofrance Fanuc GE CNC Europe S.A.
General Electric (HQ) Chairman and CEO Jeffrey R. (Jeff) Immelt 3135 Easton Tpke. Fairfield, CT 06828-0001 United States Phone: 203-373-2211 Fax: 203-373-3131
3M Company (MMM) Up-date 6 September 10, 2009 Paul A. Ebeling, Jr. Analyst Today letâ€™s look at the 3M Company (MMM), the leader in tape and adhesive manufacturing, from a Technical POV. The overall indications, after Wednesdayâ€™s (September 9, 2009) market action is Very Bullish: in the near term Bullish, mid-term , Very Bullish and long term Very Bullish. The recent Candle Stick Analysis is: Very Bullish.
**Chart by: http://www.stockta.com
Latest News: How 3M Encourages Collaboration http://www.businessweek.com/innovate/content/sep2009/id2009092_680626.htm?campaign_id=yhoo
Wednesday’s Market Action Close 73.18 + 1.49
There is a Bullish Engulfing Candle on September 9, and one Gaps open up on July 23, 2009 at 64.89/66.35, the near term resistance is 76.97, support at 72.82, and the 50 day (EMA) exponential moving average is 68.50.
This is the 3M Company (MMM): 3M makes everything from masking tape to asthma inhalers. The company has six operating segments: display/graphics, specialty film, traffic control materials; health care (dental and medical supplies, and health IT); safety, security, and protection (commercial care, occupational health and safety products); electro and communications (connecting, splicing, and insulating products); industrial and transportation (specialty materials, tapes, and adhesives); and consumer and office. Well-known brands include Scotchgard fabric protectors, Post-it Notes, ScotchBrite scouring products, and Scotch tapes. Sales outside the US account for about two-thirds of 3M's sales. Top 3M Competitors Avery Dennison Avery Dennison Johnson & Johnson
The 3M Company (HQ) Chairman, President, and CEO George W. Buckley 3M Center St. Paul, MN 55144 United States Phone: 651-733-1110 Fax: 651-733-9973 Toll Free: 800-364-3577 http://www.mmm.com 3M Subsidiaries 3M Digital Signage 3M Health Care 3M Health Care Ltd. (UK) Disclaimer
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