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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (9246)	1/17/2006 9:09:03 AM
From: Smiling Bob	Read Replies (4) \| Respond to of 19256

oops!! Anyone still wildly bullish on DOW (10959--what a shorting op!!) and economy? Note bold and then ride those shorts Stocks Set to Open Down on Oil Prices Tuesday January 17, 8:39 am ET Stocks Are Set to Open Lower on Surge in Crude Oil Prices, Dismal Tokyo Performance LONDON (AP) -- U.S. stock market futures dropped sharply Tuesday ahead of earnings from technology bellwethers Intel Corp., International Business Machines Corp. and Yahoo Inc., with a surge in crude oil prices and a dismal performance in Tokyo weighing on sentiment. Dow Jones futures were recently down 53 points, S&P 500 futures declined 6 points and Nasdaq 100 futures dropped 12.5 points. The move came as crude-oil futures surged $1.58 a barrel at $65.50 amid unrest in Nigeria and concerns over Iran's resumption of its nuclear research program. Nigerian militants have threatened new attacks against oil workers, wire services reported. After the close, Intel, IBM and Yahoo are set to report earnings that will help shape sentiment toward the fourth-quarter reporting season. Yahoo's Japan subsidiary was one of several Internet stocks to decline in Tokyo, pulling the Nikkei 225 down nearly 3 percent, its biggest one day loss in more than a year. The losses came amid a regulatory probe into Livedoor, an Internet portal. European markets also were weaker Tuesday. The sector also saw downgrades to SanDisk Corp., Advanced Micro Devices Inc., Applied Materials Inc. and Varian Inc. Outside of techs, homebuilders should be in focus, after Toll Brothers Inc. was downgraded to sell from neutral by Banc of America Securities, with the broker seeing demand slowing more significantly at higher price points. "Our estimates do not assume a housing crash. Instead, the earnings declines are driven primarily on the cost side, as we expect expenses - especially land - to increase more rapidly than revenue," the brokerage said. Peer M.D.C. Holdings Inc. said that fourth-quarter net income rose to $197.5 million, or $4.29 a share, from $142.6 million, or $3.17 a share. Analysts surveyed by Thomson First Call had been expecting the company to produce earnings of $4.01 a share. The company said the earnings growth was derived primarily from increased levels of home closings and average selling prices. The company said that it believes that overall demand for new homes in most of its markets remains strong. Elsewhere, Continental Airlines Inc. reported a narrower fourth-quarter loss, helped by a gain on sale of stock but hurt by almost 58 percent higher costs of fuel and related taxes as well as sharp competitive challenges. The airline had a loss of $43 million, or 53 cents a share, against a loss of $208 million, or $3.16, in the year-earlier period. In the latest quarter, excluding a $106 million gain on the sale of Copa stock and charges of $21 million, the loss was $128 million, or $1.58. A survey of analysts by Thomson First Call produced a consensus estimate of a loss of $1.68. Revenue rose 17 percent to $2.85 billion from $2.44 billion. Boeing Co. rival Airbus reported a late surge in orders to top the American company once more in 2005. Airbus rose to 1,055, against the 1,002 orders by Boeing. Airbus also delivered more planes at 378 versus Boeing's 290 for 2005. On the data front, releases on the January Empire State survey, December industrial production, and December capacity utilization are due for release. The dollar advanced on both the euro and the yen.