‘But The Fundamentals Are Terrible…’
"But The Fundamentals Are
Terrible…"
Have you ever heard someone say that about a
stock you were trading or planning on trading? Then, of course, you have to
explain to this "investor" that you’re really not concerned with fundamentals at
all with short-term trading. Really couldn’t care less. This concept flys right
over their head, typically, and they give you that look like they think you’re
nuts. Oh, and try this one: tell an "investor" that you’re trading a stock and
you don’t even know what its name is or even what the company does! Watch
their reaction. Great at cocktail parties, even the gym. They’ll probably try
and console you, explaining in a fatherly tone ‘how they do it.’ You know,
researching for hours the balance sheet, cash flow statements, analysts’
opinions, sifting through various stock rags, etc. That kind of stuff. ‘Oh yeah,
I have time for all that,’ you say to yourself sarcastically. ‘I bet this guy
bought JDSU in the 120s.’ You end your conversation cordially and go your
separate ways: you, wondering–but not really caring–what that company that’s
due for a technical bounce actually does, and him thinking to himself: ‘You
know, I’d even take $5 on JDSU at this point.’
If You Day Trade…
…the
Alvarez Factor could
potentially really improve your trading!
If You Swing Trade…
Attend the
TradingMarkets Swing Trading College!
See
Steve Primo’s article for a recent trade example.
If You Trade Options…
Learn from the best–Joe Corona–at
The TradingMarkets Professional Options Trading College.
The New, Improved
TradersWire
If you haven’t been in TradersWire for a while,
swing by next week–you’ll be pleasantly surprised. We’ve made a lot of changes,
including precise buy and sell alerts on stocks and E-minis and Mini-sized Dow
contracts, expanded education and trading tips. And as always, there are some
good traders in the chat room. I’m not ashamed to say that I’ve learned a lot
from some of these traders through the years, and I’m willing to bet you could
learn something, too.
So
come on by, we’ll
see you in
TradersWire on Monday!
Big Cap
Earnings Announcements for the Week of
May 23rd
Company |
Symbol |
Date |
| Campbell Soup | CPB | Monday, May 23 |
| Kongzhong | KONG | Monday, May 23 |
| McData | MCDTA | Monday, May 23 |
| Computer Sciences |
CSC | Tuesday, May 24 |
| Gamestop | GME | Tuesday, May 24 |
| Medtronic | MDT | Tuesday, May 24 |
| Network Appliance |
NTAP | Tuesday, May 24 |
| Sanderson Farms | SAFM | Tuesday, May 24 |
| Toro | TTC | Tuesday, May 24 |
| Williams-Sonoma | WSM | Tuesday, May 24 |
| Autozone | AZO | Wednesday, May 25 |
| Dollar Tree Stores |
DLTR | Wednesday, May 25 |
| Kerr McGee | KMG | Wednesday, May 25 |
| Michael Stores | MIK | Wednesday, May 25 |
| PetCo | PETC | Wednesday, May 25 |
| Black Box Network |
BBOX | Thursday, May 26 |
| Chico’s FAS | CHS | Thursday, May 26 |
| Costco | COST | Thursday, May 26 |
| Dollar General | DG | Thursday, May 26 |
| Electonics Boutiques |
ELBO | Thursday, May 26 |
| H.J. Heinz | HNZ | Thursday, May 26 |
| Hormel Foods | HRL | Thursday, May 26 |
| TIVO | TIVO | Thursday, May 26 |
| Toll Brothers | TOL | Thursday, May 26 |
Scheduled Stock Splits for the Week of May 23rd
Company |
Symbol |
Ratio |
Payable |
Ex-Date |
| Adobe Systems | ADBE | 2-1 | May 23 | May 24 |
| JB Hunt | JBHT | 2-1 | May 23 | May 24 |
| Genlyte Group | GLYT | 2-1 | May 23 | May 24 |
| UGI Corp. | UGI | 2-1 | May 24 | May 25 |
| Whitney Holding | WTNY | 3-2 | May 25 | May 26 |
| Foothill Independent Bancorp | FOOT | 5-4 | May 25 | May 26 |
| Newfield Exploration | NFX | 2-1 | May 25 | May 26 |
| Glacier Bancorp | GBCI | 5-4 | May 26 | May 27 |
| Courier | CRRC | 3-2 | May 27 | May 31 |
| SRA International | SRX | 2-1 | May 27 | May 31 |
| United Health Group | UNH | 2-1 | May 27 | May 31 |
| Security Bank | SBKC | 2-1 | May 27 | May 31 |
| Enbridge | ENB | 2-1 | May 27 | May 31 |
Need more splits information? Click
here.
Upcoming Economic Events for the Week of
May 23rd
| Date | ET | Release | For | Consensus | Prior |
| May 24 | 10:00 am | Existing Home Sales | Apr | 6.9M | 6.89M |
| May 24 | 2:00 pm | FOMC Minutes | May 3 | ||
| May 25 | 8:30 am |
Durable Orders | Apr | 1.1% | -2.3% |
| May 25 | 10:00 am | New Home Sales | Apr | 1345K | 1431K |
| May 26 | 8:30 am |
Initial Jobless Claims | 05/21 | 325K | 321K |
| May 26 | 8:30 am | GDP (Prelim) | Q1 | 3.7% | 3.1% |
| May 26 | 8:30 am |
Chain Deflator (Prelim) | Q1 | 3.3% | 3.2% |
| May 26 | 10:00 am | Help Wanted Index | Apr | 40 | 39 |
| May 27 | 8:30 am | Personal Income | Apr | 0.6% | 0.5% |
| May 27 | 8:30 am | Personal Spending | Apr | 0.8% | 0.6% |
| May 27 | 9:45 am |
Michigan Sentiment (Revised) | May | 86.0 | 85.3 |
Brice
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