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Live Morning Squawk Call
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Pre
Market Trading is slow overall this morning. SP futures had a
overnight high of 1072 trading at 1062 now which is
noteworthy.
08:30 |
*(US) JULY PERSONAL
INCOME: 0.2% V 0.3%E; PERSONAL SPENDING: 0.4% V 0.3%E
- Prior Personal Income revised XXX from 0.0%
to %
- Prior Personal Spending revised XXX from 0....more... (related SPY SHY EUR/USD USD/JPY RTH
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08:30 |
*(US) JULY PCE CORE M/M:
0.1% V 0.1%E; Y/Y: 1.4% V 1.4%E; PCE DEFLATOR Y/Y: 1.5% V
1.5%E
- Prior PCE Core MoM revised XXX from % to
%
- Prior PCE Core YoY revised XXX from % to %
...more... (related EUR/USD TLT
SHY ) |
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Today's Calendar
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Monday,
August 30, 2010
Economic
08:30 US July Personal Income, Personal
Spending, PCE Core, PCE Deflator
10:30 US Aug Dallas Fed
Manufacturing Index
11:00 US Treasury's 10-year TIPS
announcement
Events
13:30 Fed's Bullard speaks. 08:30 FDA
Tobacco Products Scientific Advisory Committee Meeting. Trades
Ex-dividend: ACI $0.10, AVY $0.20, GS $0.35, GR $0.27, K $0.405,
LMT $0.63, LO $1.125, MTB $0.70, MCD $0.55, SLB $0.21.
Earnings
After the Close:
DCI, SEED, PSEC, WINN.
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Friday's Trading Recap - Barron's W/E Recap
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AM Trading was exceptional as the GPP
# and Berneke comments sent the market lower after opening up
slightly in the pre market. we went from 1053 straight threw
settlement to 1037 before putting in a v bottom and rebounding. The
best trading of the day was had in these areas IMO. we ad a higher
uptrend most of the rest of the day after the am session wrapped
up. his is where the prudent trader called it a early weekend and
locked in high percentage profits. Most group traders who traded
the pm uptrend were chopped up over all.
Thanks for checking, have a great week trading...Tim.
Barron's Recap:
Positive on APD and HP- Barron's comments on the much-awaited GM's
IPO announced last week.Barronsnotes that there are
many uncertainties and lack of information regarding the IPO such
as the size of the deal, the expected stock market value and if the
American taxpayers will get back their money. In face of a
demanding Obama,who promised taxpayers would get back their $50B
investment from the Treasury, and cautious institutional buyers,
Barron's expects a price of $100-140/shr and a stock market value
of $60B or more.
- Putnam's investment head of global asset allocation Jeff Knight
recommends European stocks given the weak euro and equities if the
investor has a 10-year investment horizon. Recommends high-yield
corporate bonds, has a neutral weight recommendation on Treasuries
and neutral on emerging market debt. Is underweight on
commodities
- Positive feature on Helmerich & Payne as many oil companies
are abandoning available order rigs in favor of new technologically
advanced and cost-effective rigs. Helmerich & Payne is poised
to benefit from this trend and is winning market shares as demand
surges for its high-tech FlexRigs. Orders amounted at 16 for
FlexRigs last month. The third quarter beat analysts expectations
who are rising price targets for the stock, currently trading at
$38, to $63.
- Positive feature on Air Products as the company is trying to
acquire AirGas for $63.50/shr in cash. Barron's notes that the
stock could still rise by 20% with or without the deal. CEO said
that Air Products alone should boost revenues by 10-12% annually
over the next 5 yrs, while earnings could rise to 12-14%.
Furthermore, if the economy recovers even slightly, demand for Air
Products' wares should increase significantly.
- Barron's comments positively on INTC though is skeptical on
t
the deal with MFE; All risks are discounted in the stock.
- Barron's sees the deamand for smartphones remaining strong going
forward and sees AAPL as being the big winner at the end of the
day.
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New
Juggernaut Trading Room Rates
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In efforts to better serve our members
we are putting forth the following discounted policies regarding
the Juggernaut Trading Room. These new policies will take effect as
of September 1st 2010. A new monthly password will be issued and
required on the 1st of each month.
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Standard Monthly
Room Rate:
$200/month
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Affiliate
Traders: Includes Light-speed Traders, Noble
Trading Traders, Broad Street Trading Traders, Acquire Media News
Users, Trade the News Users and Shankys Blog
Referrals.
$150/Month (25% discount from standard
price)
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Grandfathered Affiliate Traders:
Includes all current
Light-speed, Noble Trading and Broad Street Trading Traders.
$50 per month. (75% discount from
standard price)
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Requirements to receive access
password:
As of the first of September all room attendees will be required to
be registered through our PayPal Link found on the top right of our
products page. http://www.juggernauttrading.com/productsjugg.html
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