The Red Roadmaster’s US Market Re-cap + Stock Talk ™
September 2, 2009
Date Line: USA
Alert: Red Roadmaster looks at Gaming Partners International Corporation (GPIC for the 1st time.
Showing Bright Yellow are the shares of Gold producers as the price of Gold rallied to US$981.50 oz. as the NYSE Arca "Gold Bugs" Index .HUI rose 9.3% to 383.66.
Re-cap of the US Stock Market Action for 2 September 2009 Month’s Beginning US stocks fell for a 4th Day Running on Wednesday. US stocks slipped a bit Wednesday for a 4th day in a row, as the major indexes waffled between Green and Red all through the day before closing in the slightly in the Red. The DJIA closed minus 29.93 pts, or 0.32% at 9,280.67, the S&P 500 shed 3.29 pts, or 0.33%, to close at 994.75, and the NAS lost 1.82 pts, or 0.09%, to close the session at 1,967.07. A very bright light in Wednesday's market action was the health insurance group Aetna Inc as it rose 2.9% to US$28.68. Volume and Breadth: Trade was light on the NYSE, where 1.38B/shrs changed hands, below last year's estimated daily average of 1.49b/shrs, and on the NAS, about 2.00B/shrs traded, below last year's daily average of 2.28b/shrs. Decliners outnumbered advancers on the NYSE by a ratio of about 3 to 2, and on the NAS, about 14 stocks fell for every 13 that rose.
Stocks to Watch Today
Alcoa, Inc. (AA), Aetna Inc (AET), Gaming Partners International Corporation (GPIC), and Joy Global, Inc. (JOYG)
Alcoa Inc. (AA) Up-date 10 September 3, 2009
Paul A. Ebeling, Jr. Analyst Today let’s look at Alcoa, Inc. (AA), one of the world’s top producers of aluminum, from a Technical POV. The overall indications, after Wednesday’s (August 2, 2009) market action, are Neutral: in the near term, Neutral, mid-term Neutral, and long term Bullish. The recent CandleStick analysis; Neutral.
**Chart by: http://www.stockta.com
Latest News: Alcoa says global Aluminium demand to fall 5.5% http://www.reuters.com/article/marketsNews/idAFBNG53082820090903?rpc=44 Wednesday’s Market Action Close 11.55
There is a Bullish Engulfing Candle on August 27, 2009, two Gaps open up between March 19, and July 30, 2009 at 5.67/11.22, the near term resistance is 12.27, support at 11.15 and the 50 day (EMA) exponential moving average is 11.60. This is Alcoa, Inc. (AA): Alcoa is among the world's top producers of alumina (aluminum's principal ingredient, processed from bauxite) and aluminum. Its vertically integrated operations include bauxite mining, alumina refining, and aluminum smelting; primary products include alumina and its chemicals, automotive components, and sheet aluminum for beverage cans. The company's non-aluminum products include fiber-optic cables. Major markets include the aerospace, automotive, and construction industries. In 2007 Alcoa offered to buy what was then the world's #3 aluminum producer, Alcan, for US$33B but was trumped by Rio Tinto's US$40B offer. The next year it sold its packaging business to the Rank Group.
The Competitive Landscape Demand comes largely from the manufacturers of durable goods like motor vehicles, machinery, containers, and construction steel. The profitability of individual companies depends largely on efficient operations, because most products are commodities sold based on price. Big companies have large economies of scale in production. Accordingly, most producers of secondary products buy raw metal from the large producers. Small companies can compete by operating efficient local mini-mills or producing specialty products. The industry is highly automated: average annual revenue per worker is close to US$300,000. Alcoa, Inc (HQ) Chairman Alain J. P. Belda
390 Park Ave. New York, NY 10022-4608 United States Phone: 212-836-2600 Fax: 212-836-2815 http://www.alcoa.com
Alcoa Subsidiaries Alcoa Alunimio S.A. Alcoa Home Exteriors, Inc. Kawneer Company, Inc.
Aetna Inc. (AET) Up-date 1
September 3, 2009 Paul A. Ebeling, Jr. Analyst Today, let’s look at Aetna Inc (AET), the giant US insurer, from a Technical POV. The overall indications, after Wednesday’s (September 2, 2009) market action, are Very Bullish: in the near term Bullish, midterm Very Bullish, and long term Very Bullish . The recent candlestick analysis is Very Bullish.
**Chart by: http://www.stockta.com
Latest News: Wall Street ends down for 4th day; caution prevails http://finance.yahoo.com/news/Wall-Street-ends-down-for-4th-rb-2210737931.html?x=0&.v=16 Wednesday’s Market Action Close 28.68
There is a DOJI on September 1, and one Gap open up on July 28, 2009 at 25.95/26.01, the near term resistance is 28.78, support at 27.57, and the 50 day (EMA) exponential moving average is 27.43.
This is Aetna Inc (AET): The Company, one of the largest health insurers in the US, also offers life, disability, and long-term care insurance, as well as retirement savings products. Its Health Care division offers managed care plans, health savings accounts, and traditional indemnity coverage, along with dental, vision, behavioral health, and Medicare plans. The division covers nearly 18 million medical members. Aetna's Group Insurance segment sells life, disability, and long-term care insurance nationwide. And its Large Case Pensions segment offers pensions, annuities, and other retirement savings products.
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$1M. 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 0 percent between 2008 and 2013. Data Sourced: December 2008
Aetna Inc. (HQ) Ronald A. Williams Chairman and Chief Exec. Officer, 151 Farmington Avenue Hartford, CT 06156 United States Phone: 860-273-0123 Fax: 860-275-2677
Gaming Partners International Corporation (GPIC) September 3, 2009 Paul A. Ebeling, Jr. Analyst
Today, let’s look at Gaming Partners International Corporation (GPIC), from a Technical POV. The overall indications, after Wednesday’s (September 2, 2009) market action, are Neutral: in the near term Neutral, mid-term Neutral, and long term Neutral. The recent Candle Stick analysis is: Bullish.
**Chart by: http://www.stockta.com
Latest News: GAMING PARTNERS INTERNATIONAL CORP Financials http://finance.yahoo.com/q/is?s=gpic
Wednesday’s Market Action Close 6.09 + .05
There is a Homing Pigeon on September 1, and one Gap open up on August 18 , 2009 at 5.63/5.71, the near term resistance is 6.21, support at 5.97, and the 50 day (EMA) exponential moving average is 6.17. This is Gaming Partners International Corporation (GPIC): the Company engages in the manufacture and supply of casino table game equipment worldwide. It offers gaming chips, table layouts, playing
cards, gaming furniture, dice, radio frequency identification device readers and software, and roulette wheels. The company also provides various table accessories, including chip trays, drop boxes, and dealing shoes, which are used in conjunction with casino table games, such as blackjack, poker, baccarat, craps, and roulette. It sells its products directly to end-users, as well as through distributors. In addition, the company sells its non-casino poker chips to a wholesaler in the United States and distributors in Europe. Gaming Partners International Corporation was founded in 1963 and is headquartered in Las Vegas, Nevada.
Competitive Landscape Growth in consumer income and state spending has driven expansion of the US gambling industry. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to a local clientĂ¨le. The industry is fairly labor-intensive: annual revenue per employee is US$90,000. Gambling Operations Industry Forecast US personal consumption expenditures for participant amusements and pari-mutuel net receipts, which includes gambling operations, are forecast to grow at an annual compounded rate of 4% between 2008 and 2013. Data Sourced: December 2008
Gaming Partners International Corporation (HQ) GĂŠrard P. Charlier Chief Exec. Officer, Pres, Treasurer & Director 1700 S Industrial Road Las Vegas, NV 89102 United States Phone: 702-384-2425 Fax: 702-384-1965 http://www.gpigaming.com
Joy Global, Inc. (JOYG) Up-date 1 September 3, 2009
Paul A. Ebeling, Jr. Analyst Dear Reader, Let’s have a look at Joy Global, Inc. (JOYG), the US maker of heavy equipment for the world’s mining industry, from a Technical POV. The overall Indications, after Wednesday (September 2, 2009) market action, are Neutral: in the near term Bearish, mid-term Bullish, and long term Very Bullish. The recent Candle Stick analysis is: Very Bullish
**Chart by: http://www.stockta.com
Latest News: Movers roundup: Joy Global, Capital One
http://finance.yahoo.com/news/Movers-roundup-Joy-Global-apf-3807506645.html?x=0&.v=1 Wednesday’s Market Action Close 35.44 - 1.87
There is a Inverted Hammer on September 1, and two Gaps open up between April 30 and July 15, 2009 at 24.77/33.38, the near term resistance is 35.68, support at 33.12, and the 50 day (EMA) exponential moving average is 37.64. This is Joy Global, Inc. (JOYG): The Company engages in the manufacture and servicing of mining equipment for the extraction of coal, and other minerals and ores worldwide. The company operates in three segments: Underground Mining Machinery, Surface Mining Equipment, and Crushing and Conveying. The Underground Mining Machinery segment produces continuous miners, longwall shearers, powered roof supports, armored face conveyors, shuttle cars, flexible conveyor trains, longwall mining systems, continuous haulage systems, battery haulers, and roof bolters. It also rebuilds and services equipment and sells replacement parts in support of installed base. The Surface Mining Equipment segment produces electric mining shovels, rotary blasthole drills, and walking draglines for open-pit mining operations. Its products are used in mining copper, coal, iron ore, oil sands, silver, gold, diamonds, phosphate, and other minerals and ores. This segment also provides various parts and services to mines. In addition, it sells used electric mining shovels. The Crushing and Conveying segment manufactures and distributes bulk material crushing and conveyor systems used in coal and hard rock mining for metals and minerals, aggregates, and tunneling. Its products include feeder breakers, conveyor systems, and high angle conveyors. Joy Global, Inc. sells its products primarily to global and regional mining companies. The company was founded in 1884 and is headquartered in Milwaukee, Wisconsin.
Competitive Landscape Demand depends on the quantity of goods moving through the US economy. The profitability of individual distributors depends on good marketing. Small distributors can compete by specializing in a specific industry or type of equipment, or by offering excellent service programs. Large distributors can negotiate favorable agreements with manufacturers. Average annual revenue per employee is over US$250,000. Material Handling Equipment Distribution Industry Forecast Domestic demand for US material handling equipment manufacturing is forecast to grow at an annual compounded rate of 4% between 2008 and 2013. Data Sourced: December 2008
Joy Global, Inc. (HQ) Chief Exec. Officer, Pres and Exec. Director: Michael W. Sutherlin 100 East Wisconsin Avenue Suite 2780 Milwaukee, WI 53202 United States Phone: 414-319-8500 Fax: 414-319-8520 http://www.joyglobal.com
Joy Global Subsidiaries Continental Crushing & Conveying P & H Mining Equipment Inc. Joy Mining Machinery Disclaimer
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