The Red Roadmasterâ€™s US Market Re-cap + Stock Talk â„˘
September 18, 2009
Date Line: USA
US stocks close down a bit after 3 day run North (Stocks have risen 8 of the last 9 sessions)
Re-cap of the US Stock Market Action for September 17, 2009 US stocks edged slightly South Thursday after a 3 day run North on concern that some gains are overextended despite the latest round of solid economic data, and the benchmark S&P 500 is now up 58% since the March 9, 2009 bottom. From my POV the Bears who point to this short term overbought condition, do understand that the current rally signals of long-term strength, and will be considering covering their short positions if they cannot contain the Bull. The DJIA fell 7.79 pts, or 0.08%, to close at 9,783.92, the S&P 500 closed off 3.27 pts, or 0.31%, at 1,065.49, and the NAS tallied up a minus 6.40 pts, or 0.30%, ending the session at 2,126.75. On a very positive note US housing starts and permits increased to their highest level since November 2008, due to a big gain in multifamily starts, and the number of UU workers filing new claims for jobless benefits fell unexpectedly last week, according to the US government. Volume and Breadth: trade was above average on the NYSE, with 1.52B/shrs changing hands, just above last year's estimated daily average of 1.49B/shrs, and on the NAS, about 2.61B/shrs traded, higher than last year's daily average of 2.28b/shrs. Decliners outnumbered advancers on the NYSE by a ratio of 17 to 13, and decliners were about even with advancers on the NAS. Stock to Watch Today
Apple, Inc (APPL), AMR Corporation (AMR), Deidrich Coffee (DDRX), and Hythiam Inc. (HYTM)
Apple, Inc. (AAPL) Up-date 38 September 18, 2009 Paul A. Ebeling, Jnr. Analyst Today let’s look at Apple, Inc (APPL), the creator of the iPhone and other wonderful stuff, from a Technical POV. The overall indications, after Thursday’s (September 17, 2009, 2009) market action is Bullish; in the near term Bullish, mid-term Very Bullish, and long term Bullish. Recent Candlestick analysis: Neutral
**Chart by: http://www.stockta.com
Latest News: Palm Lowers Target, Raises Cash
Thursday’s Market Action Close 184.55
There is a Bullish Engulfing Candle on September 13, and eight Gaps open up between April 2, and September 16, 2009 at 109/177.88, the near term resistance is at NIL, support at 175.34, and the 50 day exponential moving average is 162.95. This is Apple, Inc. (AAPL): Apple, the world’s computer/gadget innovator has caused a revolution in personal computing and digital media distribution. The company's desktop and laptop computers feature its OS X operating system, they include its Mac mini, iMac, and MacBook for the consumer and education markets, and powerful Mac Pro and MacBook Pro for high end consumers and professionals involved in design and publishing. Apple posted a huge success with its iPod digital music players, and iTunes, its online music store. Other Apple products: iPhone mobile phones, Xserve, servers, Airport, wireless networking equipment, plus publishing and multimedia software. Apple’s FileMaker sub provides database software. Apple, Inc. ranks #103 in the Fortune 500 Companies List.
The Competitive Landscape Computer product demand is directly tied to consumer and business income. The profitability of individual computer companies depends on purchasing and production efficiencies, and on technological expertise. Large companies have economies of scale in purchasing and production. Small companies can compete successfully by specializing in certain products or by developing superior technology. The industry is capital-intensive and highly automated: annual revenue per employee is about US$500,000. The output of US computer manufacturing is forecast to grow at an annual compounded rate of 4.7 % between 2008 and 2013.
Apple, Inc. (HQ) Steven P. (Steve) Jobs, CEO and Director 1 Infinite Loop Cupertino, CA 95014 United States http://www.apple.com
Apple Subsidiaries Apple Computer (UK) Limited FileMaker, In
AMR Corporation (AMR) Up-date 1 September 18, 2009 Paul A. Ebeling, Jnr. Analyst Today let’s look at AMR Corporation (AMR), the parent company of American Airlines, from a Technical POV. The overall indications, after Thursday’s (September 17, 2009) market action, are Bullish: in the near term Bullish, mid-term Very Bullish, and long term Bullish. The recent Candle Stick analysis is: Very Bearish.
**Chart by: http://www.stockta.com
Latest News: Oneworld Partners May Team For JAL Offer
Thursdayâ€™s Market Action Close 8.80 + 1.45
There is a DOJI on September 17, and 4 Gaps open up between Apr 2, and September 17, 2009 at 3.40/8.36, the near term resistance is NIL, support at 8.36, and the 50 day (EMA) exponential moving average is 5.64. This is AMR Corporation (AMR): The Companyâ€™s main subsidiary is American Airlines, one of the largest airlines in the world. Together with sister company American Eagle and regional carriers that operate as American Connection, American Airlines serves some 250 destinations in about 40 countries in the Americas, Europe, and the Asia/Pacific region. The overall fleet exceeds 900 aircraft; American Airlines operates about 625 jets. The carrier extends its geographic reach through code-sharing arrangements. It is part of the Oneworld global marketing alliance, along with British Airways, Cathay Pacific, Iberia, Qantas, and other airlines.
Competitive Landscape Airlines depend highly on the health of the US economy, which affects air travel by business and consumer passengers. Because many costs are fixed, the profitability of individual companies is determined by efficient operations and on favorable fuel and labor costs. Small airlines can compete by servicing local or regional routes. The industry is highly capital-intensive: average annual revenue per employee is about US$200,000. Airlines Industry Forecast
US personal consumption expenditures for US airlines are forecast to grow at an annual compounded rate of 3 % between 2008 and 2013. Data Sourced: December 2008 AMR Corporation (HQ) Gerard J. Arpey Chairman, Chief Exec. Officer, Pres, Chairman of American Airlines Inc, Chief Exec. Officer of American Airlines Inc and Pres of American Airlines Inc 4333 Amon Carter Boulevard Fort Worth, TX 76155 United States - Map Phone: 817-963-1234 Fax: 817-967-9641 http://www.aa.com
Deidrich Coffee (DDRX) Up-date 3 September 18, 2009 Paul A. Ebeling, Jnr. Analyst Today letâ€™s look at Deidrich Coffee (DDRX), a US wholesaler and retailer of specialty coffee, from a Technical POV. The overall indications, after Thursdayâ€™s (September 17, 2009) market action, are Bullish, in the near term Very Bullish, mid-term Neutral, and long term Neutral. The recent Candle Stick analysis is: Very Bullish.
**Chart by: http://www.stockta.com
Latest News: Diedrich Coffee Sets Q-4 and Y E 2009 Conference Call for September 21 at 4:30 p.m. ET http://finance.yahoo.com/news/Diedrich-Coffee-Sets-Fourth-prnews-2026440936.html?x=0&.v=1
Thursday’s Market Action Close 23.66 + 3.02
There is a Bullish Engulfing Candle on September 17 and three Gaps open up between April 21 and Apr 30, 2009 at 2.15/8.01, the near term resistance is 24.40, support at 21.34, and the 50 day (EMA) exponential moving average is 20.65. This is Diedrich Coffee Inc (DDRX): is a specialty coffee roaster, wholesaler and retailer. The Company's brands include Diedrich Coffee, Gloria Jean's and Coffee People. The majority of its revenue is generated from wholesale customers located across the United States. Its wholesale operation sells a variety of whole bean and ground coffee, as well as single serve coffee products through a network of office coffee service (OCS) distributors, chain and independent restaurants, coffeehouses, other hospitality operators and specialty retailers. Revenues from 2007 to 2008 increased 26.57%, and 3 year annualized return on investment is 59.1% (annualized), 5 year 32.1%.
Competitive Landscape Demand for services is highly correlated with demand from consumers to spend on food prepared outside of the home. Spending is traditionally a function of consumer current discretionary income. The current recession has hit consumer pockets hard by through various measures. As the economy speeds up the long-term prospect of consumers spending a larger portion of their wealth on food prepared outside of the home is good. Eating at a restaurant saves on time and provides convenience to utilize one’s time more effectively. Profitability will also be distinguished by a company’s ability to manage fixed investments more wisely such as warehouses for inventory and distribution centers.
Restaurant Sector Performance Year to date, through April 24th, the S&P Food Distributors Index fell 1.7% vs. a 3.7% decline of the S&P 1500 Index. The sub-industry index dropped 26.2% in 2008, vs. a 38.2% fall for the S&P 1500. Diedrich Coffee Inc. (HQ) Chairman and Chief Director: Paul C Heeschen 28 Executive Park Irvine, CA 92614 United States Phone: 949-260-1600 Fax: 949-260-1611 http://www.diedrich.com
Hythiam Inc. (HYTM) Up-date 3 September 18, 2009 Paul A. Ebeling, Jnr. Analyst Today, letâ€™s look at Hythiam Inc. (HYTM), a provider of specialized behavioral health management services to health plans, employers and unions through a network of licensed and company managed health care providers, from a Technical POV. The overall indications, after Thursdayâ€™s (September 17, 2009) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Bullish. The recent Candle Stick analysis is: Very Bullish.
**Chart by: http://www.stockta.com
Latest News: Hythiam Raises Approximately US$7Min Registered Direct Offering http://finance.yahoo.com/news/Hythiam-Raises-Approximately-bw-3965776888.html?x=0&.v=1
Hythiam Enters into Agreement with Ford Motor Company for Catasys Integrated Substance Dependence Solution
Thursdayâ€™s Market Action Close .77
+ .07 .
There is a Bullish Harami on September 1, and no Gaps open up or down on the Chart, the near term resistance is .95, support at .68, and the 50 day (EMA) exponential moving average is .38. This is Hythiam Inc. (HYTM): This company specializes in researching, developing, and licensing medical protocols for the treatment of alcohol and drug addiction. The company's PROMETA treatment programs utilize a combination of medication, nutritional supplements, and counseling to treat drug and alcohol addiction. Hythiam' PROMETA Centers are operated through management or licensing agreements with health care providers in the US. PROMETA also provides maintenance support by offering individualized care programs following medically supervised treatment. Its Catalyst program offers disease management services. The company owns a controlling stake in managed behavioral health provider Comprehensive Care.
Competitive Landscape Demand is driven by the rising costs of providing medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully only by providing special coverage plans, or in small markets. The industry is highly automated: annual revenue per employee is close to US$1 million.
Managed Healthcare Industry Forecast US personal consumption expenditures on health insurance premiums, an indicator for managed healthcare services, are forecast to flatten with an annual compounded growth rate of 1% between 2008 and 2013. Data Sourced: December 2008
Hythiam Inc. (HQ) Terren S. Peizer Founder, Chairman and Chief Exec. Officer 11150 Santa Monica Boulevard Suite 1500 Los Angeles, CA 90025 United States Phone: 310-444-4300 Fax: 310-444-5300 http://www.hythiam.com Disclaimer
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