The Red Roadmasterâ€™s US Market Re-cap + Stock Talk â„˘
September 29, 2009
Date Line: Hong Kong
US Stocks rallied Monday and ended a 3 day losing streak
Re-cap of the US Stock Market Action for September 28, 2009 With Monday's gains, the DJIA held an advance of about 16% so far this Q, making it the best period since the Q-4 Y 1998. M&A was in the headlights as several deals were announced and investors are betting more will follow. The DJIA charged North 124.17 pts, or 1.28%, closing the session at 9,789.36, the S&P 500 gained 18.60 pts, or 1.78%, to close at 1,062.98, and the leading NAS tallied up a handsome + 39.82 pts, or 1.90%, to end the day at 2,130.74. Q-3 ends Wednesday may cause some volatility as fund managers engage in what is known as "window dressing", i.e. they sell laggards and buy performers to dress up portfolios at a Q's close. Apple Inc rose 2.1% to US$186.15/shr after China Unicom said it would sell Apple's iPhone in China, starting in October. France Telecom's Orange also said it would sell the product later this year. Apple provided the NAS' top boost. Volume and Breadth: Trade was light with only about 979.3M/shr changing hands on the NYSE, compared with last year's estimated daily average of 1.49B/shrs, and on the NAS, about 1.92b/shrs traded, below last year's daily average of 2.28b/shrs. Advancers outnumbered decliners by a ratio of about 4 to 1 on the NYSE, and on NAS, about 10 stocks rose for every seven that fell. Stocks to Watch Today Apple, Inc (APPL), General Electric Company (GE), Google Inc. (GOOG), Intel Corporation (INTC), and Yahoo! Inc. (YHOO).
Apple, Inc. (AAPL) Up-date 38
Last Look: September 9, 2009
September 29, 2009 Paul A. Ebeling, Jnr. Analyst Today letâ€™s look at Apple, Inc (APPL), the creator of the iPhone and other wonderful stuff, from a Technical POV. The overall indications, after Mondayâ€™s (September 28, 2009, 2009) market action is Bullish; in the near term Bullish, mid-term Bullish, and long term Bullish. Recent Candlestick analysis: Very Bullish.
**Chart by: http://www.stockta.com
Latest News: Apple App Store Hits Milestone: 2 Billion Downloads http://www.foxbusiness.com/story/markets/industries/retail/apple-app-store-downloads-pass-billion/
Monday’s Market Action Close 186.15 + 3.78
There is a DOJI on September 25, and eight Gaps open up between April 2, and September 16, 2009 at 109.00/177.88, the near term resistance is at 189.25, support at 184.02, and the 50 day exponential moving average is 168.21 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
General Electric Company (GE) Up-date 41
Last Look: July 31, 2009
September 29, 2009 Paul A. Ebeling, Jnr. 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 Mondayâ€™s (September 28, 2009) market action is Bullish, in the near term Bullish, midterm Bullish, and long term Bullish. The recent Candle Stick analysis is: Very Bullish
**Chart by: http://www.stockta.com
Latest News: GE Receives Boost on Positive News
Monday’s Market Action Close 16.76
There is a DOJI on September 25 and four Gaps open up between July 13 and September 15, 2009 at 10.85/15.48, the near term resistance is 17.54, support at 16.58 and the 50 day (EMA) exponential moving average is 14.64. 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
Google Inc. (GOOG) Up-date 13
Last Look: September 9, 2009
September 29, 2009 Paul A. Ebeling, Jnr. Analyst Today, letâ€™s look at Google Inc. (GOOG), the Internet Search Engine leader, from a Technical POV. The overall indications, after Mondayâ€™s (September 28, 2009) market action, are Very Bullish: in the near term Bullish, mid-term Bullish, and long term Very Bullish. Candle stick analysis: Neutral
**Chart by: http://www.stockta.com
Latest News: Google Web Video Views Top 10B; Record 'Net Audience http://www.foxbusiness.com/story/markets/industries/technology/google-online-video-views-b-augustsees-record-online-audience/
Mondayâ€™s Market Action Close 498.53
There are four Gaps open up between Mar 23 and Aug 20, 2009 at 332.99/451.23, the near term resistance is 503.23, support at 496.72, and the 50 day (EMA) exponential moving average is 463.57. This is Google Inc. (GOOG): Google operates the leading Internet search engine, offering targeted search results from billions of Web pages. Results are based on a proprietary algorithm -Google's technology for ranking Web pages is called PageRank. The company generates nearly all of its revenue through ad sales. Advertisers can deliver relevant ads targeted to search queries or Web content. Google also operates the Google Network, a network of third party customers that use Google's advertising programs to deliver relevant ads to their own Web sites. Founders Sergey Brin and Larry Page each have nearly 30% voting control of the company. The Competitive Landscape Demand comes largely from corporations that sell consumer products, and telecommunications, entertainment, and financial services. The profitability of individual companies depends on creative skills and good marketing. Large companies are advantaged in being able to serve the varied needs of large customers, but small companies can be competitive through special talent or lower pricing or through special services. The industry is labor intensive, but the high value of the product produces annual revenue per employee of about US$150,000. Advertising and Marketing Industry Forecast
The output of US advertising services is forecast to grow at an annual compounded rate of 5.5 % between 2008 and 2013. Google Inc. (HQ) Chairman & Chief Exec. Officer Eric E. Schmidt Ph.D.
1600 Amphitheatre Parkway Mountain View, CA 94043 United States Phone: 650-253-0000 Fax: 650-253-0001 http://www.google.com
Intel Corporation (INTC) Up-date 10
Last Look: August 31, 2009
September 29, 2009 Paul A. Ebeling, Jnr. Analyst Today let’s look Intel Corporation (INTC), the World’s #1 manufacturer of semiconductors, from a Technical POV. The overall indications after Monday’s (September 28, 2009) market action, are Bullish: in the near term Neutral, mid-term Very Bullish, and long term Bullish. The recent Candle Stick analysis is: Neutral
**Chart by: http://www.stockta.com
Latest News: Intel Is Doing Fine Despite Euro Fine http://seekingalpha.com/article/163806-intel-is-doing-fine-despite-european-fine?source=yahoo
Monday’s Market Action Close 19.74 + .37
There is a Gap open up on July 15, 2009 at 16.89/17.72, the near term resistance is 20.32, support at 19.60, and the 50 day (EMA) exponential moving average is 18.99. This is Intel Corporation (INTC): Intel is #1 in semiconductors. The company holds the lion’s share in the market for microprocessors that go into desktop and notebook computers, and also into computer servers. For a time rival AMD took some of Intel’s market share, but Intel fought back with faster processors and advanced manufacturing technology and ate AMD. Intel makes embedded semiconductors for the industrial equipment and networking gear markets. Most computer makers use Intel processors; PC giants Dell (18% of sales) and Hewlett-Packard (17%) are the company’s largest customers. The Asia/Pacific region generates more than half of Intel’s revenues.
Competitive Landscape The industry depends highly on demand from the computer industry and makers of telecommunications products, which can vary sharply from year to year. Companies can be successful producing standard parts at low cost or by producing highly specialized components. Small companies can compete effectively with large ones by producing specialized products or developing new applications. Technological expertise is extremely important. The industry is highly automated: average annual revenue per employee is about US$250,000.
Intel Corporation (HQ) Chairman Craig R. Barrett 2200 Mission College Blvd. Santa Clara, CA 95054-1549 United States Phone: 408-765-8080 Fax: 408-765-3804 Toll Free: 800-628-8686
http://www.intel.com Intel Corp. Subsidiaries Havok.com Inc. IM Flash Technologies, LLC Intel (China) Ltd.
Yahoo! Inc. (YHOO) Up-date 8
Last Look: September 24, 2009
September 29, 2009 Paul A. Ebeling, Jnr. Analyst Today letâ€™s look at Yahoo! Inc. (YHOO), a leading global Internet brand, from a Technical POV. The overall indications, after Mondayâ€™s (September 28, 2009) market action, are Bullish: in the near term Bullish, mid-term Bullish, and long term Bullish. The Recent Candle Stick analysis is: Bearish
**Chart by: http://www.stockta.com
Latest News: Yahoo CEO Carol Bartz: Unedited
Mondayâ€™s Market Action Close 17.47
There is a Bearish Engulfing Candle on September 24, are five Gaps open up between April 9, and September 16, 2009, at 13,01/16.52, the near term resistance is 17.48, support at 16.73, and the 50 day (EMA) exponential moving average is 15.72. This is Yahoo! Inc. (YHOO): Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California. The Competitive Landscape Demand comes largely from corporations that sell consumer products, and telecommunications, entertainment, and financial services. The profitability of individual companies depends on creative skills and good marketing. Large companies are advantaged in being able to serve the varied needs of large customers, but small companies can be competitive through special talent or lower pricing or through special services. The industry is labor-intensive, but the high value of the product produces annual revenue per employee of about US$150,000. Advertising and Marketing Industry Forecast
The output of US advertising services is forecast to grow at an annual compounded rate of 5.5 % between 2008 and 2013. Where Yahoo! Competes
Media Internet Search & Navigation Services (primary) Business Services Advertising & Marketing Telecommunications Services Data Services Yahoo! Inc. (HQ) Jerry Yang Co-Founder, Chief Yahoo and Exec. Director 701 1st Ave. Sunnyvale, CA 94089 United States
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AAPL, GE, GOOG, INTC, YHOO