Archive for September, 2009

$WAG Walgreen Company’s Earnings Release: September 29, 2009

Walgreen Company., (WAG): Founded in 1901 and based in Deerfield, Illinois, Walgreen Company sells prescription and non-prescription drugs, and general merchandise through its chain of drugstores in the United States. As of May 31, 2009, the company operated 7,361 store locations in 49 states, the District of Columbia, Puerto Rico and Guam. That includes 6,857 drugstores, as well as work-site health and wellness centers, home care facilities and specialty, institutional and mail service pharmacies. The company acquired 40 drugstores, including 29 Drug Fair Stores in central and western New Jersey and eight Rite Aid locations in San Francisco and eastern Idaho in the quarter ended May 2009.

On June 22, 2009, Walgreen announced its earnings for the third fiscal quarter ended May 2009. The company earned 53 cents per share for the quarter, decrease of 8.8 percent, compare to 58 cents per share in the same quarter a year ago.

Market is expecting a profit of 39 cents per share on the earnings of $15.68 Billion, for the second fiscal quarter ended August 2009, which is  6 cents less than its posted profit of 45 cents per share a year ago in the same quarter.

Walgreen is one of the best in its sector and still missed markets expectations in last three quarters. Swine-flu fears might help Walgreen this fall, but for now I am listing WAG in my SHORT sell watch list for short term trading. The Company announced that it will be releasing its second quarter earnings on September 29, 2009 at 7:30 AM Eastern standard time.

$CALM Earnings on September 28, 2009

Cal-Maine Foods, Inc., (CALM): Founded in 1969, based in Jackson, Mississippi, Cal-Maine Foods, Inc., engages in the business of production, grading, packaging, marketing and distribution of shell eggs. It sells most of its shell eggs in 29 states, primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. In fiscal year of 2008, the company sold approximately 678 million dozen shell eggs, which represent 15.8% of domestic shell egg consumption in the United States. The company also produces and markets value-added specialty shell eggs in the United States. Specialty shell eggs include reduced cholesterol, cage free and organic eggs. Specialty eggs brands consists of Egg-Land's Best and Farmhouse.

On July 27, 2009, Cal-Maine Foods, Inc., announced earnings for the fourth quarter and fiscal year ended May 30, 2009. For the fourth quarter, the company posted a profit of 43 cents per share on earnings of $213.6 million, compared to a profit per share of $1.54 on earnings of $235.6 million in the same quarter a year ago. For the fiscal year 2009, net sales were $928.8 million compared with net sales of $915.9 million for fiscal 2008, and net income of $3.34 per share for the fiscal 2009, compared with $6.41 per share in fiscal year 2008.

Cal-Maine Foods will be reporting its earnings for the first fiscal quarter2010 ended August 2009 on Monday September 28, 2009 before market open. Analysts are expecting a profit of 26 cents a share, which is short by 21 cents as it posted a profit of 47 cents per share a year ago in the same quarter.

Consumers are dining out less than they were a year ago, egg prices has not change much, feed price has gone down but not significantly. May be this stock is good for long term value investors but not for the short term swing traders. I am moving CALM in my SHORT sell watch list for Monday September 28, 2009 and will be watching closely to enter on the short side, unless the company posts a miraculously high profit against the expectations.

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Swing Trading and Autozone Earnings September 23, 2009

$AZO earnings: Auto parts retailer Autozone announced its earnings for the quarter ended August 2009 on September 23, 2009, before market open. Its fiscal fourth quarter profit dropped by 3.1% as the company invested in its Hub Stores and accelerated its store maintenance program.

Market’s reaction: Autozone’s shares fell 7.5% to close at $141.50 on September 23, 2009. In fact the shares started going down before the market open, and it opened at $148.00 at 9:30 AM EST on September 23, 2009. Currently shares are trading at around $142.00.

Entry and Exit Points: First thing first, never invest in a stock before the earnings, unless and until you are 100% sure that the stock is going to go in your favor. In swing trading Entry and Exit points are determined by technical analysis.

Market reacts to the news and a swing trader can use this reaction to his or her advantage by waiting for the right moment or a reversal to enter the trade. Reversal is a change in direction of price trend. In simple terms a downtrend changing into a uptrend or vice versa is called a reversal.

AZO entry point was at around $147.50 on September 23, 2009 at around 11:25 AM.

AZO exit point was at around $142.50 on September 24, 2009 at around 10:30 AM.

A difference of $5.00 in two days of swing trading.  

Recommended Books:

Technical Analysis for Dummies

Technical Analysis: The Complete Resource for Financial Market Technicians.

Japanese Candlestick Charting Techniques, Second Edition

Swing Stocks to Watch September 25, 2009

Research In Motion Ltd., (RIMM) Founded in 1984, based in Waterloo, Ontario, Research in Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communication market. The company also has offices in North America, Europe and Asia Pacific.

Market is expecting an EPS of $1.00, on revenue of $3.63 billion, analyst forecasting an upside for RIM stock. Analysts on average, sees a 16.3 percent increase in profit and a 41 percent rise in revenue for RIM's second quarter, according to Reuters Estimates.

RIMM is in my BUY watch list for short term trading. Earnings for the quarter ended August is scheduled to be released on September 24, 2009, after market close.

KB Homes., (KBH): Founded in 1957 and headquartered in Los Angeles, California, KB Homes constructs and sells homes in the United States. The company builds various types of homes including Condominiums, Town homes, Single Family homes, etc.

The company posted negative EPS in last four of four quarters. Market is expecting a loss if 58 cents per share for the quarter ended August 2009, which is better than the loss of $1.87 it posted a year ago in the same quarter.

KBH is in my SHORT sell watch list for short term trading. Earnings for the quarter ended August 2009 is scheduled to be released on Friday Sept 25, 2009 before market open.

Swing Stocks to Watch September 24, 2009

Paychex, Inc., (PAYX): Founded in 1971, Headquartered in Rochester, New York, Paychex, Inc., is a payroll and human resource company serving approximately 554,000 businesses in United States as of May 31, 2009.

Market is expecting a profit of 34 cents a share for the quarter ended August 2009, which is 7 cents below its actual profit it posted a year ago in the same quarter.

With so many jobs lost and companies closed in last couple of years, I am placing PAYX in my SHORT sell watch list for short term trading. Earnings release for the quarter ended August 2009, is scheduled to be released on September 23, 2009 after market close.

American Greetings Corporation., (AM): Founded in 1906 and headquartered in Cleveland, Ohio, American Greetings Corporation is a manufacturer of innovative social expression products. The company's major greeting card brands are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings, and Papyrus, and other product offerings include Design Ware Party Goods, American Greetings and Plus Mark gift-wrap and boxed cards and Date Works Calenders.

Market is expecting a profit of 6 cents per share, for the quarter ended August 2009, which is 1 cent above its actual profit it posted a year ago.

Currently the stock is trading at $15.34 just $2.23 below its 52 week high of $17.57 and $12.10 above its 52 week low of $3.24.

AM is in my SHORT sell watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on September 24, 2009 before market open.

Swing Stocks to Watch September 23, 2009

AAR Corporation, (AIR): Founded in 1951, headquartered in Wood Dale, Illinois, AAR Corporation provides wide range of products and services for the aviation/ aerospace industry. The company serves airline and defense customers through four operating segments: Aviation Supply Chain, Maintenance, Repair and Overhaul, Structures and Systems, and Aircraft Sales and Leasing. The company operates out of 60 locations worldwide, and employ about 6,000 people.

The company posted better than expected profit in last four of four quarters by an average of 3.73%. Market is expecting a profit of 25 cents per share for the quarter ended August 2009, which is 20 cents less than the posted profit in the same quarter a year ago.

AIR is in my SHORT sell watch list for short term trading. Earnings for the quarter ended August 2009 is scheduled to be released on September 22, 2009 after market close.

AutoZone, Inc., (AZO): Founded in 1972, headquartered in Memphis, Tennessee, AutoZone is a retailer, distributor of automotive replacement parts and accessories with more than 4,200 stores located in United States, Puerto Rico, and Mexico. Each store carries an-extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories.

The company posted better than expected profit in last four of four quarters. Market is expecting a profit of $4.45 for the quarter ended August 2009, which is 57 cents more than its actual posted profit for the same quarter a year ago.

AZO is in my BUY watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on September 23, 2009, before market open.

Swing Stocks to Watch September 22, 2009

ConAgra Foods, Inc., (CAG): Founded in 1919, headquartered in Omaha, Nebraska, ConAgra Foods is a branded foods company. Some of Its brands include, Healthy Choice, Chef Boyardee, Egg Beaters, Hebrew National, Hunt's, Orville Redenbacher's, PAM, and Banquet. The company operates in two segments, Consumer foods and Commercial Products. The consumer food segment manufactures and markets leading branded products to retail and food service customers in United States and Internationally. The commercial products segment manufactures and sells a variety of specialty products to food service and commercial customers worldwide. Major brands include; Lamb Weston, a leading producer of quality frozen potato products and top supplier to food services chain and distributors worldwide. The company also supply Ultragrain whole wheat flour and Sustagrain barley; Vegetables, garlic, onions, and capsicum ingredients.

On Thursday June 25, 2009, ConAgra Foods announced its fourth quarter earnings, and said that it earned $174.7 million or 39 cents a share for the three months ended May 31, 2009. That's down from $201.3 million or 41 cents per share in the same quarter a year ago.

In past three quarters, prior to the quarter above, the company produced better than expected results by an average of 14.2%. Market is expecting a profit of 34 cents for the quarter ended August 2009, which is 7 cents above its actual profit it posted a year ago in the same quarter.

CAG is in my BUY watch list for short term trading. Next earnings for the quarter ended August 2009 is scheduled to be released at 7:30 AM eastern on September 22, 2009.

CarMax, Inc., (KMX) Founded in 1993, headquartered in Richmond, Virginia, CarMax currently operates 100 used car superstores in 46 markets in United States. The company also sells new vehicles under various franchise agreements, as well as engages in wholesale vehicle sales. It also finances it vehicle purchases through its own finance operation under CarMax Auto Finance, as well as third party lenders.

The company opened 11 superstores in fiscal year 2009, and plan to open 5 to 10 more superstores in fiscal year 2010.

CarMax reported earnings of 11 cents per share for the quarter ended May 2009, 7 cents more than the expected. Market is expecting a profit of 18 cents for the quarter ended August 2009, which is 12 cents more than its actual posted profit in the same quarter a year ago.

KMX is in my BUY watch list for short term trading. Earnings release for the quarter ended August 2009 is scheduled to be released on September 22, 2009, before market open.

Swing Stocks to Watch September 18, 2009

IHS, Inc., (IHS) Founded in 1959 and headquartered in Englewood, Colorado, IHS Inc., is a global source of critical information and insight, dedicated to providing the most complete and trusted data and expertise. The companies product and service solutions span four areas of information that encompass the most important concerns facing global business; Energy, Product Lifecycle, Security and Environment. Its customers range from governments and multinational companies to smaller companies and technical professionals in more than 180 countries.

On Wednesday, September 2, 2009, the company announced that it acquired LogTech Canada Ltd for #3.3 Million Canadian.

Company posted better than expected profit in last four quarters. Market is expecting a profit of 60 cents per share for the quarter ended August 2009, which is 4 cents more than its actual profit it posted a year ago in the same quarter.

IHS is in my BUY watch list for the short term trading. Earnings for the quarter ended August 2009 is scheduled to be released on Thursday, September 17, 2009, after market close.

Are you a Day Trader, Swing Trader,? What's your strategy? Do you have a watch list of your own? or just starting out as a trader? Please post your comments, advise, questions or anything that you might have to say by clicking “Comments” below. Lets make money together…… trading stocks!

Swing Stocks to Watch September 17, 2009

Dress Barn Inc., (DBRN): Founded in 1962 and headquartered in Suffern, New York, Dress Barn operates chain specialty stores for women's apparel. It operates 1,503 stores in 48 states and District of Columbia, under Dressbarn, Dressbarn Woman, and Maurices brand names. The company offers Casual clothing, career wear, leather and outerwear, dresses, suits, woven tops, jewelry, and accessories.

In quarter ended April 2009, Dress Barn posted a profit of 39 cents a share, exceeding markets expectations by 25.8% after disappointing the market in its prior quarter by 300%. Market is expecting a profit of 37 cents per share for the quarter ended July 2009, which is 3 cents above its actual profit it posted in the same quarter a year ago.

DBRN is in my BUY watch list for short term trading. Earnings for the 4th quarter ended July 2009, is scheduled to be released on Wednesday September 16, 2009 at 4:30 PM Eastern.

Fedex Corporation, (FDX): Founded in 1971 and headquartered in Memphis, Tennessee, Fedex Corporation provides shipping services in the United States and world wide.

On Friday, September 11, 2009, Fedex offered a signal that the global economy is improving, as it raised its first-quarter earnings forecast on better-than expected international shipments and cost cuts. The company said it expects earnings of 58 cents per share for the first quarter ended August 31, 2009, down 53% from a year ago, but above its previous prediction of 30 cents to 45 cents per share.

Market is expecting a profit of 49 cents per share for the quarter ended August 2009, which is 74 cents less than its actual profit it posted a year ago in the same quarter.

FDX is in my BUY watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on Thursday, September 17, 2009, before market open.

Are you a Day Trader, Swing Trader,? What's your strategy? Do you have a watch list of your own? Please post your comments, advise, questions or anything that you might have to say by clicking “Comments” below. Lets make money together…… trading stocks!

Swing Stocks to Watch September 16, 2009

Adobe Systems Incorporated, (ADBE): Founded in 1982 and headquartered in San Jose, California, Adobe Systems Incorporated, provides business and mobile software and services worldwide. Building on its success with PostScript technology, Adobe expanded into desktop software applications with Adobe Illustrator and Adobe Photoshop software, Adobe Acrobat Software and the Adobe Portable Document Format (PDF).

On Tuesday June 17, 2009, Adobe reported second quarter net income of $126.1 million, or 24 cents a share, a 41% drop compare to #214.9 million or 40 cents a share income in the same quarter a year earlier. Excluding unusual items, the company would have earned 35 cents a share, which meets the markets expectation for the quarter ended May 2009.

Market is expecting a profit of 34 cents a share for the quarter ended August 2009, which is 16 cents below its actual profit it posted a year ago in the same quarter. The company matched the markets expectation in last quarter, and exceeded markets expectation in previous three quarters by an average of 4.8%.

ADBE is in my BUY watch list for short term trading. Earnings for the quarter ended August 2009, is scheduled to be released on September 15, 2009 after the market close.

Are you a Day Trader, Swing Trader,? What's your strategy? Do you have a watch list of your own? Please post your comments, advise, questions or anything that you might have to say by clicking “Comments” below. Lets make money together…… trading stocks!