The Surf Report
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Longs fired in DJIA. Long and Strong here. Suggest holding into Friday. working on the next resistance point, stay tuned.
surf
Geithner whipping wallstreet is a strong concern here at the surf shack outpost on the hudson. Despite this ominous news, the market surged higher----there may be a sharp reversal very soon... stay tuned. Untill we figure it out, suggest staying LONG and STRONG the DJIA.
Geithner Whips Wall Street, Stocks Surge, Google Cuts
Stocks moved strongly to extend the biggest rally since 1987 despite ominous news of Treasury Secretary Timothy Geithner moving to whip Wall Street with a series of new regulations and oversights. Big brother is moving quickly into the free markets, yet this fact is overwhelmed by record low valuations and positive economic/company news triggering an investor buying frenzy. The DJIA surged +174.75 to 7924.56, the Nasdaq advanced +58.05 to 1587.00 and the S&P 500 climbed +18.98 to 832.86.
Google (GOOG | Quote | Chart | News | PowerRating) - Announced the slashing of 200 sales jobs sending the stock higher by 2.68% or $9.22 to $353.29/share.
Best Buy (BBY | Quote | Chart | News | PowerRating) - Rallied 12.58% or $4.21 to $37.67/share after beating analysts earnings estimates and providing rosy guidance into 2010.
Dr.Pepper Snapple (DPS | Quote | Chart | News | PowerRating) - Climbed 15.22% or $2.36 to $17.87/share upon announcing it plans to beat EPS estimates.
Texas Industries (TXI | Quote | Chart | News | PowerRating) - The cement maker surged 28.13% or $5.76 to $26.24/share after beating analysts estimates as a result of cust cutting and plant shutdowns.
Gold added 4.20 cents to $942.20, Oil advanced $1.57 to $54.03 and the fear index VIX fell 4.47% to 40.36.
Market Snapshot
Dow
+174.75 7924.56
NASDAQ
+58.05 1587.00
S&P 500
+18.98 832.86
Economic News
Existing Home Sales (Feb): Consensus: 4.45M, Prior: 4.49M
Durable Goods Orders (Feb): Consensus: -2.4%, Prior: -5.2%
Durables, Ex-Transportation (Feb): Consensus: -2.0%, Prior: -2.5%
New Home Sales (Feb): Consensus: 300K, Prior: 309K
Crude Inventories (March 20): Consensus: NA, Prior: +1942K
Initial Claims (March 21): Consensus: 650K, Prior: NA
Q4 GDP - Final (Q4): Consensus: -6.6%, Prior: -6.2%
GDP Price Index (Q4): Consensus: 0.5%, Prior: 0.5%
Personal Income (Feb): Consensus: -0.1%, Prior: 0.4%
Personal Spending (Feb): Consensus: 0.3%, Prior: 0.6%
Mich Sentiment-Rev (March): Consensus: 56.0, Prior: NA
Stocks moved strongly to extend the biggest rally since 1987 despite ominous news of Treasury Secretary Timothy Geithner moving to whip Wall Street with a series of new regulations and oversights. Big brother is moving quickly into the free markets, yet this fact is overwhelmed by record low valuations and positive economic/company news triggering an investor buying frenzy. The DJIA surged +174.75 to 7924.56, the Nasdaq advanced +58.05 to 1587.00 and the S&P 500 climbed +18.98 to 832.86.
Google (GOOG | Quote | Chart | News | PowerRating) - Announced the slashing of 200 sales jobs sending the stock higher by 2.68% or $9.22 to $353.29/share.
Best Buy (BBY | Quote | Chart | News | PowerRating) - Rallied 12.58% or $4.21 to $37.67/share after beating analysts earnings estimates and providing rosy guidance into 2010.
Dr.Pepper Snapple (DPS | Quote | Chart | News | PowerRating) - Climbed 15.22% or $2.36 to $17.87/share upon announcing it plans to beat EPS estimates.
Texas Industries (TXI | Quote | Chart | News | PowerRating) - The cement maker surged 28.13% or $5.76 to $26.24/share after beating analysts estimates as a result of cust cutting and plant shutdowns.
Gold added 4.20 cents to $942.20, Oil advanced $1.57 to $54.03 and the fear index VIX fell 4.47% to 40.36.
Market Snapshot
Dow
+174.75 7924.56
NASDAQ
+58.05 1587.00
S&P 500
+18.98 832.86
Economic News
Existing Home Sales (Feb): Consensus: 4.45M, Prior: 4.49M
Durable Goods Orders (Feb): Consensus: -2.4%, Prior: -5.2%
Durables, Ex-Transportation (Feb): Consensus: -2.0%, Prior: -2.5%
New Home Sales (Feb): Consensus: 300K, Prior: 309K
Crude Inventories (March 20): Consensus: NA, Prior: +1942K
Initial Claims (March 21): Consensus: 650K, Prior: NA
Q4 GDP - Final (Q4): Consensus: -6.6%, Prior: -6.2%
GDP Price Index (Q4): Consensus: 0.5%, Prior: 0.5%
Personal Income (Feb): Consensus: -0.1%, Prior: 0.4%
Personal Spending (Feb): Consensus: 0.3%, Prior: 0.6%
Mich Sentiment-Rev (March): Consensus: 56.0, Prior: NA
LOOKING CLOSE CLOSE AT EARTH LINK
PowerRatings Stock Spotlight: EarthLink
Wednesday March 25, 2009, 2:39 pm EDT
Buzz up! Print Related:EarthLink Inc.
Related Quotes
Symbol Price Change
ELNK 6.82 +0.23
{"s" : "elnk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Mindspring, Atari, Commodore 64, TRS 80's, Protege, and EarthLink - all these products and companies were born during the initial years of the PC and public internet. I remember using a giant VAX computer in my initial years at college in computer science in 1989. It was so large, taking up an entire glassed off room in the computer lab.
Little did I realize that in a few short years, personal PC's and the internet would become ultra wide spread, affordable and indispensable tools for almost everyone. It was the network known as the World Wide Web or WWW and Moore's law of shrinking yet ever powerful processors that served as the impetus for the extreme growth path of the personal PC.
One of the companies on the cutting edge of the internet's initial explosive growth curve is our PowerRating Stock Spotlight today: EarthLink (NasdaqGS:ELNK - News). The company earned a 4 Long Term PowerRating which places it near the top of the ranked low priced (under $10.00) stocks.
For those of you not familiar with our Long Term PowerRatings, it is an easy to use, dynamic stock picking tool based on 13 years of extensive, statistically significant studies, across most market environments. Our research has clearly shown that stocks that earn a 10 rating have an 81% chance of being higher one year later. Those possessing a 9 rating have a 79.1% chance of trading higher one year later. In this volatile, uncertain market environment, allow Long Term PowerRatings to assist you in building a profitable and safe portfolio.
EarthLink was founded in 1994 by visionary pioneer, Sky Dayton. Around the same time, a company named MindSpring was launched by Charles Brewer in Atlanta. EarthLink quickly joined forces with Netscape and started to distribute Netscape's Navigator software to the public. Soon afterwards, EarthLink blew the competition wide open by being the first to offer flat rate internet access in 98 US cities.
In 1997, EarthLink went public and soon afterward launched DSL service in several metropolitan areas. MindSpring was growing right along with EarthLink and in 2000 the 2 companies merged creating the world's largest internet service provider or ISP. The company has continued to grow and expand its offering into wireless handheld devices among other innovations. The latest creations are free standing DSL and the Helio mobile phone network.
This company is one of the few that has survived the internet stock boom and bust while still maintaining the core business. EarthLink is based in Atlanta, GA and employs about 1000 people. 2008 was very good for the company with a 66% increase in adjusted EBITDA over 2007, EPS of 0.25 cents and free cash flow of $70.1 million. However, Revenues were down due to the company's change of focus on tenured and more profitable subscribers. Technically, price has bounced off of a March 9th low and is climbing toward the next resistance level at the 50-day SMA currently at $6.81/share. The stock seems to be forming another base at the $6.40/level and may be setting up for the next push upward.
PowerRatings Stock Spotlight: EarthLink
Wednesday March 25, 2009, 2:39 pm EDT
Buzz up! Print Related:EarthLink Inc.
Related Quotes
Symbol Price Change
ELNK 6.82 +0.23
{"s" : "elnk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Mindspring, Atari, Commodore 64, TRS 80's, Protege, and EarthLink - all these products and companies were born during the initial years of the PC and public internet. I remember using a giant VAX computer in my initial years at college in computer science in 1989. It was so large, taking up an entire glassed off room in the computer lab.
Little did I realize that in a few short years, personal PC's and the internet would become ultra wide spread, affordable and indispensable tools for almost everyone. It was the network known as the World Wide Web or WWW and Moore's law of shrinking yet ever powerful processors that served as the impetus for the extreme growth path of the personal PC.
One of the companies on the cutting edge of the internet's initial explosive growth curve is our PowerRating Stock Spotlight today: EarthLink (NasdaqGS:ELNK - News). The company earned a 4 Long Term PowerRating which places it near the top of the ranked low priced (under $10.00) stocks.
For those of you not familiar with our Long Term PowerRatings, it is an easy to use, dynamic stock picking tool based on 13 years of extensive, statistically significant studies, across most market environments. Our research has clearly shown that stocks that earn a 10 rating have an 81% chance of being higher one year later. Those possessing a 9 rating have a 79.1% chance of trading higher one year later. In this volatile, uncertain market environment, allow Long Term PowerRatings to assist you in building a profitable and safe portfolio.
EarthLink was founded in 1994 by visionary pioneer, Sky Dayton. Around the same time, a company named MindSpring was launched by Charles Brewer in Atlanta. EarthLink quickly joined forces with Netscape and started to distribute Netscape's Navigator software to the public. Soon afterwards, EarthLink blew the competition wide open by being the first to offer flat rate internet access in 98 US cities.
In 1997, EarthLink went public and soon afterward launched DSL service in several metropolitan areas. MindSpring was growing right along with EarthLink and in 2000 the 2 companies merged creating the world's largest internet service provider or ISP. The company has continued to grow and expand its offering into wireless handheld devices among other innovations. The latest creations are free standing DSL and the Helio mobile phone network.
This company is one of the few that has survived the internet stock boom and bust while still maintaining the core business. EarthLink is based in Atlanta, GA and employs about 1000 people. 2008 was very good for the company with a 66% increase in adjusted EBITDA over 2007, EPS of 0.25 cents and free cash flow of $70.1 million. However, Revenues were down due to the company's change of focus on tenured and more profitable subscribers. Technically, price has bounced off of a March 9th low and is climbing toward the next resistance level at the 50-day SMA currently at $6.81/share. The stock seems to be forming another base at the $6.40/level and may be setting up for the next push upward.
Nice call with your long Surf !!
Have a good weekend.
Respectfully,
RW
Thanks RW.
holding longs here--betting for a near positive or positive close.
have a great weekend brother
surf
We are sticking to our extreme bullish sentiment into the quarter.
Soros and Mayo are simply pumping their agendas, pay them no mind.
surf
Soros and Mayo are simply pumping their agendas, pay them no mind.
surf
SURF STOCK ALERT SURF STOCK ALERT SURF STOCK ALERT
short WELLS FARGO 19.60
classic. target target SUB 10
surf
short WELLS FARGO 19.60
classic. target target SUB 10
surf
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