Why I Like IPOs
Random Thoughts
We have entered what is historically the best
three months for the stock market, performance-wise. I can’t tell you what will
happen this year, but I usually look forward to this time of year for that
reason. Of course, the holidays are great, too, but as a trader, they bring
mixed emotions.
I’m glad the IPO market is back. These issues
offer plenty of exciting trading opportunities. There’s no overhead resistance
on an IPO, and playing the first pullback can be a terrific strategy. We had a
few this week:
(
SHOP |
Quote |
Chart |
News |
PowerRating),
(
DWA |
Quote |
Chart |
News |
PowerRating) and
(
FOXH |
Quote |
Chart |
News |
PowerRating). Watch these.
Larry Connors’
AlwaysBuyValue Inner Circle
If you’re a regular reader of this column, you
know that I mention new products here on a fairly regular basis. These are all
good products, but I don’t always show the same enthusiasm for each one. I’m
here to tell you that I really believe in this one.
Larry Connors is offering an Inner Circle program
which will feature him trading his own $100,000 account live, in
front of the world to see, for six months. Well, OK, not exactly the world, but
for Inner Circle members. Larry will be using his newest (and judging by
the way his eyes light up when he talks about it) his favorite trading
algorithm, called AlwaysBuyValue (ABV).
The folks behind this are pretty impressive and the ABV program is a reflection
of their brilliance and hard work. Next year, there are plans to offer this
to institutional clients only, but it’s not too late for you to participate.
So let’s go over this: you get the algorithm, you get 6-months of mentoring by
Larry, you get to watch him trade a real account for the entire time and you get
to mingle with other traders in the program (I’ve seen the initial sign up list
and I can tell you there are some good traders involved). This,
my friends, should be good. Oh, did I mention the money-back guarantee? It’s got
that, too. Don’t miss out on this unique opportunity.
Click here for details of Larry’s AlwaysBuyValue Inner Circle.
Here is TradingMarkets.com’s
synopsis for the market next week.
Included are upcoming stock splits and upcoming economic events — all of which
may impact traders in the coming week.
Big Cap Earnings Announcements for the
Week of November 1st
Company |
Symbol |
Date |
| Chesapeake Energy | CHK | Monday, Nov 1 |
| CommScope | CTV | Monday, Nov 1 |
| Humana | HUM | Monday, Nov 1 |
| Maxim Integrated | MXIM | Monday, Nov 1 |
| Mercury General | MCY | Monday, Nov 1 |
| XL Capital | XL | Monday, Nov 1 |
| BMC Software | BMC | Tuesday, Nov 2 |
| Clorox | CLX | Tuesday, Nov 2 |
| Emerson Electric | EMR | Tuesday, Nov 2 |
| Equity Office Properties |
EOP | Tuesday, Nov 2 |
| International Game Technology |
IGT | Tuesday, Nov 2 |
| Perot Systems | PER | Tuesday, Nov 2 |
| Priceline.com | PCLN | Tuesday, Nov 2 |
| Arthur J. Gallagher |
AJG | Tuesday, Nov 2 |
| Advanced Auto Parts |
AAP | Wednesday, Nov 3 |
| CIGNA | CI | Wednesday, Nov 3 |
| Education Management Corp. |
EDMC | Wednesday, Nov 3 |
| Interactive Corp. |
IACI | Wednesday, Nov 3 |
| Netease.com | NTES | Wednesday, Nov 3 |
| New Century Financial |
NEW | Wednesday, Nov 3 |
| Qualcomm | QCOM | Wednesday, Nov 3 |
| The Estee Lauder Companies |
EL | Wednesday, Nov 3 |
| Time Warner Inc. |
TWX | Wednesday, Nov 3 |
| Tommy Hilfiger | TOM | Wednesday, Nov 3 |
| Weight Watchers | WTW | Wednesday, Nov 3 |
| Alcan | AL | Thursday, Nov 4 |
| Catalina Marketing |
POS | Thursday, Nov 4 |
| Charter Communications |
CHTR | Thursday, Nov 4 |
| Conexant Systems | CNXT | Thursday, Nov 4 |
| Devon Energy | DVN | Thursday, Nov 4 |
| DTE Energy | DTE | Thursday, Nov 4 |
| Elizabeth Arden | RDEN | Thursday, Nov 4 |
| Four Seasons Hotels |
FS | Thursday, Nov 4 |
| ICOS Corp. | ICOS | Thursday, Nov 4 |
| KeySpan | KSE | Thursday, Nov 4 |
| Shire Pharmaceuticals |
SHPGY | Thursday, Nov 4 |
| Teva Pharmaceuticals |
TEVA | Thursday, Nov 4 |
| Univision Communications |
UVN | Thursday, Nov 4 |
| XM Satellite Radio |
XMSR | Thursday, Nov 4 |
| Beazer Homes | BZH | Friday, Nov 5 |
| Berkshire Hathaway |
BRKa | Friday, Nov 5 |
| FARO Technologies |
FARO | Friday, Nov 5 |
Scheduled Stock
Splits for the Week of November 1st
NONE
Need more splits
information? Click
here.
Upcoming Economic
Events for the Week of November 1st
| Date | ET | Release | For | Consensus | Prior |
| Nov 1 | 8:30 am | Personal Income | Sep | 0.3% | 0.4% |
| Nov 1 | 8:30 am | Personal Spending | Sep | 0.6% | 0.0% |
| Nov 1 | 10:00 am | Construction Spending | Sep | 0.4% | 0.8% |
| Nov 1 | 10:00 am | ISM Index | Oct | 58.3 | 58.5 |
| Nov 3 | 12:00 pm | Auto Sales | Oct | 5.3M | 5.3M |
| Nov 3 | 12:00 pm | Truck Sales | Oct | 8.2M | 8.9M |
| Nov 3 | 10:00 am | Factory Orders | Sep | 0.5% | -0.1% |
| Nov 3 | 10:00 am | ISM Services | Oct | 58.3 | 56.7 |
| Nov 4 | 8:30 am | Productivity (Preliminary) | Q3 | 1.8% | 2.5% |
| Nov 4 | 8:30 am | Initial Jobless Claims | 10/30 | NA | 350K |
| Nov 5 | 8:30 am | Nonfarm Payrolls | Oct | 160K | 96K |
| Nov 5 | 8:30 am | Unemployment Rate | Oct | 5.4% | 5.4% |
| Nov 5 | 8:30 am | Hourly Earnings | Oct | 0.3% | 0.2% |
| Nov 5 | 8:30 am | Average Workweek | Oct | 33.8 | 33.8 |
| Nov 5 | 2:00 pm | Consumer Credit | Sep | $7.5B | $-2.4B |
TradersWire Tour
Every Thursday at 9 AM PT (Noon ET) I give a
20-minute audio/visual presentation on how you can use
TradersWire to help your trading. Join me…Click
here.
Have a great weekend!
Brice
P.S. Stay in touch with the latest happenings at TradingMarkets.com.
Check
What’s New @ TradingMarkets on a regular basis.
Â