The Red Roadmasterâ€™s US Market Re-cap + Stock Talk â„˘
October 2, 2009
Date Line: Hong Kong
Q-3 ends, Q-4 begins
Re-cap of the US Stock Market Action for October 2, 2009 Fact: the recent losses notwithstanding, the S&P 500 is up 52.2% from its 12year closing low on March 9, 2007. The DJIA and S&P 500 weathered their worst 1 day loss in 3 months Thursday on a technical correction during the last 10 minutes of the session. Monday was the 3rd straight day of declines for stocks and the NAS' worst performance since June 22, ahead of a modest correction. The DJIA fell 203.00 pts, or 2.09%, to end the session at 9,509.28, the S&P 500 shed 27.23 pts, or 2.58% to close at 1,029.85, and the leading NAS lost 64.94 pts, or 3.06% to close at 2,057.48 on the day. Monday all 30 Dow components closed in the Red, with the Dow's biggest decliner in the financial sector, JPMorgan Chase & Co, closed down 5.6% at US$41.37 on the day. Among the losses on the NAS major were tech bellwethers Apple Inc, down 2.4%, at US$180.8599; Qualcomm Inc, down 5.1 % at US$42.70 and Microsoft Corp, down 3.3% at $24.88 on the day. Volume and Breadth: Trade was above average on the NYSE, with 1.60B/shrs changing hands, higher than last year's estimated daily average of 1.49B/shrs, and on the NAS about 2.69Bshrs traded, above last year's daily average of 2.28B/shrs. Decliners outnumbered advancers on the NYSE by a ratio of 5 to 1, while on the NAS about 11 stocks fell for every 2 that rose. Stocks to W atch Today First Solar, Inc. (FSLR), Motorola (MOT), and W al-Mart Stores, Inc (W MT)
First Solar, Inc. (FSLR) Up-date 1
Last Look: February 27, 2009
October 2, 2009 Paul A. Ebeling, Jnr. Analyst Dear Reader, Today letâ€™s look at First Solar, Inc. (FSLR) , the developer and maker of photovoltaic (PV) cells, from a Technical POV. The overall indications, after Thursdayâ€™s (October 1, 2009) market action, are Neutral, in the near term Neutral, in the mid-term Neutral , and in the long term Bearish . The recent Candle Stick analysis is: Neutral.
**Chart by: http://www.stockta.com
Latest News: First Solar to join S&P 500, shares jump 5.7% http://www.reuters.com/article/marketsNews/idCNN0127266520091001?rpc=44
Thursdayâ€™s Market Action Close 143.76
There is a DOJI on September 25, and three Gaps open up between September 8 and September 16, 2009 at 121.47/143.53, the near term resistance is 146.97, support at 134.94, and the 50 day (EMA) exponential moving average is 144.95. This is First Solar, Inc. (FSLR) : The Company designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. The companyâ€™s solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. It sells its products to project developers, system integrators, and operators of renewable energy projects primarily in Europe. First Solar also focuses on designing and deploying commercial solar projects for utilities in the United States. The company was founded in 1999. It was formerly known as First Solar Holdings, LLC, and changed its name to First Solar Holdings, Inc. and subsequently to First Solar, Inc. in 2006. The company is headquartered in Tempe, Arizona.
Industries W here First Solar Competes
Electronics Electrical Products Power Generation & Storage (primary) First Solar, Inc. (HQ) Chairman and Chief Exec. Officer; Michael J. Ahearn 350 West Washington Street Suite 600 Tempe, AZ 85281-1244 United States Phone: 602-414-9300 Fax: 602-414-9400 http://www.firstsolar.com
Motorola (MOT) Up-date 1
Last Look: September 14,
2009 October 2, 2009 Paul A. Ebeling, Jnr. Analyst Today, letâ€™s look at Motorola (MOT) , a top choice for mobile phone users worldwide, from a Technical POV. The overall indications, after Thursdayâ€™s (October 1, 2009) market action, are Bullish : in the near term Neutral, mid-term Bullish, and long term Very Bullish . The recent candlestick analysis is: Neutral
**Chart by: http://www.stockta.com
Latest News: Partner Communications ends bid for Motorola's Israeli subsidiary MIRS
Communications http://finance.yahoo.com/news/Partner-Communications-ends-apf-2468622816.html?x=0&.v=1 Thursdayâ€™s Market Action Close 8.37 - .22 Volume 40,005,500/shrs
There is one Gap open up on July 30, 2009 at 6.77/6.98, the near term resistance is 8.15, support at 8.15, and the 50 day (EMA) exponential moving average is 7.82. This is Motorola (MOT): Motorola is still a top choice for mobile phone users worldwide despite flagging handset sales. The company is the #3 manufacturer of wireless telephone handsets (behind leaders Nokia and Samsung) and it also sells wireless network infrastructure equipment such as cellular transmission base stations and signal amplifiers. Motorola's home and broadcast network products include set-top boxes, digital video recorders, and network equipment used to enable video broadcasting, IP telephony, and high-def television. Its products for business and government customers consist mainly of wireless voice and broadband data systems used to build private networks and public safety communications systems.
Competitive Landscape The industry depends on purchases from businesses, telephone companies, cable companies, data communications providers, and TV and radio broadcasters. Profitability for individual companies is linked to technical innovation and the ability to secure high-volume contracts from large customers. Small companies can be successful if they make highly specialized products. There are large economies of scale in manufacturing standard products, but many products are specialized and produced in small manufacturing plants. Annual revenue per employee in a large plant varies from US$500,000 to US$1M. Telecommunications Equipment Manufacturers Industry Forecast The output of US communication equipment manufacturing is forecast to grow at an annual compounded rate of 2% between 2008 and 2013. Data Sourced: December 2008
Motorola Inc. (HQ) Gregory Q. Brown , Co-Chief Exec. Officer, Pres, Exec. Director, Co-Chairman of Exec. Committee and Chief Exec. Officer of Broadband Mobility Solutions 1303 East Algonquin Road Schaumburg, IL 60196 United States Phone: 847-576-5000 Fax: 847-576-5372 http://www.motorola.com
Wal-Mart Stores, Inc. (WMT) Up-date 18 August 11, 2009 October 2, 2009 Paul A. Ebeling, Jnr. Analyst
Today let’s look at Wal-Mart Stores, Inc (WMT), the World's #1 retailer, from a Technical POV. The overall indications, after Thursday’s (October 1, 2009) market action, are Bearish, in the near term Bearish , mid-term Bearish , and long term Bearish . The recent Candle Stick analysis is: Neutral
**Chart by: www.stockta.com
Latest News: W al-Mart Angles to Keep Those W ho Traded Down http://online.wsj.com/article/SB125443985125757713.html?ru=yahoo&mod=yahoo_hs Thursday’s Market Action Close
There is a Homing Pigeon on September 28, 2009 and no Gaps open up or down on the Chart, the near term resistance is 49.26, support at 48.98, and the 50 day (EMA) exponential moving average is 50.21.
This is W al-Mart Stores, Inc. (W MT): Wal-Mart Stores is an irresistible (or at least unavoidable) retail force that has yet to meet any immovable objects. Bigger than Europe's Carrefour, Tesco, and Metro AG combined, it is the world's #1 retailer, with more than 7,250 stores, including about 975 discount stores, 2,800 combination discount and grocery stores (Wal-Mart Supercenters in the US and ASDA in the UK), and 590 warehouse stores (SAM'S CLUB). About 55% of its stores are in the US, but Wal-Mart continues expanding internationally; it is the #1 retailer in Canada and Mexico and it has operations in Asia (where it owns a 95% stake in Japanese retailer SEIYU), Europe, and South America. Founder Sam Walton's heirs own about 40% of Wal-Mart. I have never been in a Wal-Mart Store, though I have been in Carreforur’s and Tesco.
The Competitive Landscape Demand depends mainly on the volume of car driving, which in turn depends on economic activity. The profitability of individual stores is closely linked to location and product mix. Large companies have advantages in buying gasoline at bulk prices, but small companies can compete effectively by having superior locations. Annual revenue per worker is close to US$300,000. W al-Mart Stores, Inc. (HQ) Chairman, S. Robson (Rob) W alton 702 SW 8th St. Bentonville, AR 72716 United States Phone: 479-273-4000 Fax: 479-277-1830 http://www.walmartstores.com
W al-Mart Subsidiaries ASDA Group Limited SAM'S CLUB Wal-Mart Brazil
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