Markets continued on a wild ride taking all indices to new lows......Nasdaq closed @ new closing low for the year today....
Dow 6469.95 today...PROBABLY will go down in stock market history as a number which was unthinkable few months back...
S&P 500 @ 666.79 today....was also unthinkable only few weeks back.....
Both Dow & S&P 500 closed above yesterday's low...a good thing.....
AH Stem cells stocks are UP huge %...as President Obama is all set to lift Ban on federal funding for Stem cell research on Monday......
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
4 comments:
hi Saleem,
Read your blog everyday.Thanks for all your insight. With the earnings of the S&P being lowered continuously (looks like $50 at the moment) isn't it safe to assume we are looking at lower P/E's across the board so what we think is cheap now might actually be fair value?
Hi Suzanne,
Thanks for your note & visiting my BLOG.
First thing.... we have to be careful about PE..it is being taken down below realistic levels in an environment like these days..
Secondly.... S&P may NOT be the right index to look for PE...it is Nasdaq which will propel us into better times....
Thirdly....Markets will look AHEAD towards 2010 EPS.....
In the end....it is all a matter of placing bet for future NOT current negative hysteria...
Please read my Sunday 10AM commentary..it will give pointed PE picture.
Saleem
GOOD MORNING TO ALL
Here is IBD ranking --look for some good buys
% Off
Rank Company Symbol Price High
---- ---- ---- ---- ----
1 STARENT NETWORKS CORP STAR 15.77 -16.2
2 NEUTRAL TANDEM INC TNDM 18.99 -12.7
3 LONGTOP FINANCL TECH ADS LFT 17.89 -17.6
4 I T T EDUCATIONAL SVCS ESI 101.37 -24.2
5 NETFLIX INC NFLX 38.18 -6.7
6 AEROVIRONMENT INC AVAV 31.78 -22.9
7 H M S HOLDINGS CORP HMSY 31.66 -9.3
8 S X C HEALTH SOLUTIONS SXCI 20.02 -7.6
9 GREEN MTN COFFEE ROASTRS GMCR 39.35 -12.1
10 AMERICAN PUBLIC EDUC INC APEI 37.19 -30.2
11 COMPASS MINERALS INTL CMP 57.77 -34.3
12 N V E CORP NVEC 28.98 -26.8
13 NETEASE.COM INC ADR NTES 21.05 -22.5
14 BAKER MICHAEL CORP BKR 33.05 -24.5
15 MATRIXX INITIATIVES INC MTXX 16.83 -13.7
16 N C I INC CL A NCIT 26.25 -20.7
17 SHANDA INTERACTIVE ENTMT SNDA 31.26 -18.3
18 BUFFALO WILD WINGS INC BWLD 30.05 -33.2
19 EMPRESA NAC EL CHILE ADS EOC 35.77 -31.9
20 DIAMOND FOODS INC DMND 21.11 -34.3
21 SCHERING PLOUGH CORP SGP 17.63 -22.6
22 B M C SOFTWARE INC BMC 28.84 -29.4
23 TETRA TECH INC TTEK 21.17 -29.8
24 TOWER GROUP INC TWGP 22.48 -27.6
25 OPEN TEXT CORP OTEX 30 -23.3
26 QUALITY SYSTEMS INC QSII 35.49 -26
27 BRINKS HOME SEC HLDGS CFL 20.83 -17.9
28 TERRA NITROGEN CO LP TNH 118.97 -30.6
29 EDWARDS LIFESCIENCES CP EW 54.89 -18.1
30 HANSEN NATURAL CORP HANS 35.35 -17.2
31 TRANSDIGM GROUP INC TDG 30.94 -30.5
32 GILEAD SCIENCES INC GILD 44.01 -23.6
33 CERNER CORP CERN 36.72 -26.6
34 SUBURBAN PROPANE PARTNRS SPH 32.06 -24.7
35 PANERA BREAD CO CL A PNRA 44.18 -32
36 KNIGHT CAPITAL GRP CL A NITE 16.35 -18.2
37 PAPA JOHNS INTL INC PZZA 21.95 -28.5
38 SUNOCO LOGISTICS PTNR LP SXL 47.81 -14.6
39 COMPUTER PROGRAMS & SYS CPSI 24.85 -19.8
40 ALLEGIANT TRAVEL COMPANY ALGT 33.44 -31.8
41 AUTOZONE INC AZO 152.76 -3
42 DOLLAR TREE INC DLTR 39.58 -10.7
43 CROWN HOLDINGS INC CCK 20.66 -30.2
44 SYBASE INC SY 26.48 -28.4
45 RALCORP HOLDINGS INC RAH 54.85 -26
46 E P I Q SYSTEMS INC EPIQ 15.58 -17.6
47 LINCOLN EDUCATIONAL SVCS LINC 15.53 -10.2
48 FAMILY DOLLAR STORES FDO 30.36 -6.6
49 FLOWERS FOODS INC FLO 22 -32.7
50 MEDCO HEALTH SOLUTIONS MHS 38.2 -26.5
51 ALTERA CORP ALTR 15.77 -34.8
52 AARON RENTS INC RNT 22.26 -26.3
53 SILGAN HOLDINGS INC SLGN 47.69 -18.2
54 TEVA PHARMACEUTICAL ADR TEVA 44.32 -10.6
55 WATSON WYATT WORLDWIDE WW 48.31 -22.1
56 J & J SNACK FOODS CORP JJSF 30.99 -15.3
57 ADVANCE AUTO PARTS INC AAP 36.43 -20
58 MONRO MUFFLER BRAKE MNRO 23.55 -10.1
59 AMERICAN ITALIAN PASTA AIPC 30.42 -9.2
60 MYRIAD GENETICS MYGN 77.7 -12.1
61 J 2 GLOBAL COMMUNICATION JCOM 18.62 -31.9
62 MCDONALDS CORP MCD 52.12 -22.2
63 MCAFEE INC MFE 28.49 -30.5
64 CRUCELL NV ADR CRXL 18.57 -22.9
65 QIAGEN NV QGEN 15.53 -31.3
66 ACCENTURE LTD CL A ACN 28 -34.9
67 STERICYCLE INC SRCL 47.74 -27.8
68 BAXTER INTERNATIONAL INC BAX 51.92 -27.4
69 GRANITE CONSTRUCTION INC GVA 34.42 -31.2
70 RESMED INC RMD 35.53 -26.9
71 ROSS STORES INC ROST 29.45 -29.1
72 HITTITE MICROWAVE CORP HITT 28.7 -34.5
73 I C U MEDICAL INC ICUI 28.41 -21.9
74 CHECK POINT SFTWARE TECH CHKP 21.04 -18.5
75 V N U S MEDICAL TECH INC VNUS 18.03 -26.2
76 CHEMED CORPORATION CHE 35.3 -30.5
77 ST JUDE MEDICAL INC STJ 32.37 -33.2
78 HAEMONETICS CORP HAE 53.38 -20.9
79 STERLING CONSTRUCTION CO STRL 16.43 -22.7
80 DAVITA INC DVA 45.72 -24.1
81 SOUTH JERSEY INDUSTRIES SJI 33.31 -18.3
82 AMERICAN PHYSICIANS CAP ACAP 39.42 -21.9
83 OMNICARE INC OCR 23.35 -28.8
84 DEAN FOODS COMPANY DF 19.22 -25.8
85 WATSON PHARMACEUTICALS WPI 26.36 -19.4
86 CORINTHIAN COLLEGES INC COCO 16.69 -23.2
87 COMTECH TELECOMM CORP CMTL 36.03 -29.6
88 INTL BUSINESS MACHINES IBM 85.81 -34.5
89 ENCORE WIRE CORP WIRE 17.07 -32.3
90 BURGER KING HOLDINGS INC BKC 21.43 -30.8
91 P G & E CORPORATION PCG 36.69 -14.6
92 AQUA AMERICA INC WTR 18.06 -17.9
93 ALEXION PHARMACEUTICALS ALXN 32.28 -32.7
94 AMAZON.COM INC AMZN 61.69 -32.8
95 CALIFORNIA WATER SVC GRP CWT 39.04 -19.1
96 CARDIONET INC BEAT 24.71 -31.2
97 BECTON DICKINSON & CO BDX 64.15 -29.5
98 BIO REFERENCE LABS INC BRLI 21.27 -33.8
99 CHURCH & DWIGHT INC CHD 46.86 -28.5
100 MCKESSON CORP MCK 39.38 -34.9
Hi Madmax,
Thanks for IBD 100 list...very useful NOW !!!!
Saleem
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