The Surf Report

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Quote from syswizard:

Good job Surf...
AAPL highly overpriced IMHO "in this economy".
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thanks! looks like its double topping here at 145 also. i love the iPhone, but that uptrend look like its wearing thin.
 
The third quarter started on strong footings as a broad based advanced swept the stock market. Positive news from the manufacturing and home sales front bolstered confidence despite yesterday's steep sell off. The DJIA climbed 57.06 to 8504.06, the Nasdaq pushed ahead by 10.68 to 1845.72, and the S&P 500 moved higher by 4.01 t0 923.33.

Cleaning and weed control maker Zep Inc (ZEP | Quote | Chart | News | PowerRating) releases fiscal third quarter earnings before the bell Thursday with an estimate of 14 cents/share.

Acuity Brands (AYI | Quote | Chart | News | PowerRating) is expecting to earn 57 cents per share during the third quarter with the results being released before the bell.

Ever experimental, McDonald's (MCD | Quote | Chart | News | PowerRating), will reveal a new premium Angus beef burger.

Forces within the FDA are pressuring both Pfizer (PFE | Quote | Chart | News | PowerRating) and GlaxoSmithKline (GSK | Quote | Chart | News | PowerRating) to add tougher side effect warning labels to their anti-smoking medications.

Ford (F | Quote | Chart | News | PowerRating) and Nissan (NSANY | Quote | Chart | News | PowerRating) both reported stronger June sales than estimated, signaling that the auto sales slump may be ending.
 
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Liked it. But now it seems like a lot of people are talking this way. Is this kind of thinking and negativity on the market going up now the dumb money?
 
Quote from Allen3:

Liked it. But now it seems like a lot of people are talking this way. Is this kind of thinking and negativity on the market going up now the dumb money?
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markets way of sucking in everyone prior to the final shakeout, maybe? this guy seems very credible with his ideas to me. time will tell..

best, surf
 
The expected patriotic rally failed to greet stocks on this last trading day of the shortened July 4th holiday week. Shares were smacked down on severely negative news from the employment front with the unemployment rate spiking to 26 year highs. The DJIA plummeted 212.32 to 8280.74, the Nasdaq retreated 49.20 to 1796.52, the S&P 500 fell 26.91 to 896.42.

Here are 7 stocks you need to know about for Monday.

The venerable Morgan Stanley (MS | Quote | Chart | News | PowerRating) may report a third straight loss due to having to pay back government loans.

Hedge Fund, Elliott Management, is rumored to be bidding for Delphi Corps (DPHIQ | Quote | Chart | News | PowerRating) assets.

Johnson & Johnson (JNJ | Quote | Chart | News | PowerRating) is buying into Irish drug maker Elan (ELN | Quote | Chart | News | PowerRating) for $1 billion dollars.

The U.S. Government is investigating the settlement of Google's (GOOG | Quote | Chart | News | PowerRating) book scanning disagreement.

Hartford Financial (HIG | Quote | Chart | News | PowerRating) filed a suit against competitor Arch Capital Group (ACGL | Quote | Chart | News | PowerRating), who allegedly conducted an illegal corporate raid.

INDEPENDENT RESEARCH
 
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