Recap of Wednesday’s US Stock Market Action

US Stocks ended a bit lower at the close Wednesday after erasing a larger loss in the last half hour of the session, ending a 4 day Green streak,

The DJIA closed minus  65.63 pts (0.75%) at 8,675.24, the S&P  500  lost 12.98 pts (1.37%) to close at  931.76, the NAS shed 10.88 pts (0.59%) closing at 1,825.92 and the Russell 2000 index fell 6.85 (1.3 %) to end the session at 519.78 as both the US Treasuries and the US$ rebounded.

The yield on the benchmark 10-year T-note slipped to 3.54% from 3.62%. Last week, the 10-year yield spiked to a six-month high of 3.75%. The US$ gained against the Euro and the Great British Pound, while Gold prices closed lower.

Volume and Breadth: Volume was moderate on the NYSE, where about 1.32B/shrs changed hands, below last year’s estimated daily average of 1.49B/shrs, and on the NAS, about 2.32B/shrs were traded, above last year’s daily average of 2.28B/shrs. Decliners outnumbered gainers on the NYSE by a ratio of 8 to 3, and on the NAS, about eight stocks fell for every five that rose.

Overseas, Japan’s Nikkei stock average added 0.4%. In European trading, Britain’s FTSE 100 fell 2.1%; Germany’s DAX index was down 1.7%, and France’s CAC-40 fell 2.0%.

                                            Stocks to Watch Today

Amazon.com, Inc. (AMZN), CPI Corp. (CPY), eBay (EBAY), Google Inc. (GOOG), McDonald’s Corporation (MCD), Pinnacle Entertainment Inc. (PNK), Valero Energy Corp. (VLO), and Wal-Mart Stores, Inc. (WMT).

 

Amazon.com, Inc. (AMZN) Up-date 8

June 4, 2009                  

Paul A. Ebeling, Jr. Analyst

Today let’s look at Amazon.com, Inc. (AMZN), the premier online (AKA World’s Biggest) marketer/seller, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Bullish: in the near term Bullish, mid-term Bullish, and long term Neutral.

**Chart by: http://www.stockta.com

Latest News: Goldman raises price target on Amazon

http://www.reuters.com/article/marketsNews/idESBNG24293420090603?rpc=44

Wednesday’s Market Action   Close   85.68     + .75        Volume 7,603,800/shrs

There is a Hammer on May 29, are two Gaps open up between Jan 30 and Mar 30, 2009 at 51.85/72.12, the near term resistance is 92.96, support is 84.46, and the 50 day (EMA) exponential moving average is 76.44.

This is Amazon.com, Inc.(AMZN); Not too long ago, remember?, Jeff Bezos, Amazon.com’s founder/24% owner, opened the World’s biggest book store, since then Amazon.com has become the world’s biggest sell everything and all store, as the expansion pushed Amazon.com in multiple directions. The main web site www.amazon.com offers millions of books, music, DVDs, and videos, which account 60% + of company sales. Amazon.com also sells auto parts, toys, tools, electronics, home furnishings, apparel, health and beauty aids, prescription drugs, groceries, and lots of services like film processing, etc.. Amazon.com has been the model for Internet companies that put market share ahead of profits, and those huge profits led to acquisitions funded by rocketing market capitalization, begetting a model that is now focused on profits. AMZN is ranked #171 in FORTUNE 500 & #301 in FT Global 500.

The Competition

Amazon.com’s competitors are primarily in the Music, Video, Book & Entertainment Retail industry. Amazon.com also competes in the Apparel & Accessories Retail, Auto Parts Retail, and Camera & Optical Goods Retail sectors. Examples: Barns & Noble, Borders, Columbia House and eBay.

 

Amazon.com (HQ)                                                                                                                            

 

Chairman, President, and CEO Jeffrey P. (Jeff) Bezos                                                                                                 SVP and CFO Thomas J. (Tom) Szkutak

1200 12th Ave. South, Ste. 1200
Seattle, WA 98144-2734
United States (Map)

Phone: 206-266-1000

 

http://www.amazon.com

Amazon.com Subsidiaries

Amazon.co.uk Ltd

Amazon.de GmbH

Audible, Inc

 

CPI Corp. (CPY)

June 4, 2009                   

 Paul A. Ebeling, Jr. Analyst

Today, let’s look at CPI Corp. (CPY), America’s baby picture taker, from a Technical POV. The overall analysis after Monday’s (June 1, 2009) market action is Very Bullish: in the near term Bullish, mid-term Bullish and long term Very Bullish

**Chart by: http://www.stockta.com

Latest News: Photos: Surprise Dad with a Smile from PictureMe Portrait Studios(R)

http://finance.yahoo.com/news/Photos-Surprise-Dad-With-a-prnews-15423215.html?.v=2

Wednesday’s Market Action   Close       Volume 00/shrs

There is a Bullish Engulfing Candle on June3, and one Gap open up on Jan 7, 2009 at 4.00/4.14, the near term resistance is NIL, support at 14.75, and the 50 day (EMA) exponential moving average is 10.62.

This is CPI Corp. (CPY): the Company through its subsidiaries provides professional portrait photography services. The company engages in selling and manufacturing portrait photography of babies, preschoolers, school-age children, adults, families/groups, weddings, passports, and churches. It focuses on the sale of packages and portrait collections. The company owns and operates portrait studios under the PictureMe Portrait Studio brand, which include the PictureMe Portrait Studios in the United States; and the Wal-Mart Portrait Studios in Canada and Mexico. It also operates portrait studios in Wal-Mart Stores and supercenters. In addition, CPI Corp. provides on-line sales and services through its Web site searsphotos.com. As of February 2, 2009, the company operated 3,046 professional portrait studios in the United States, Canada, Mexico, and Puerto Rico principally under license agreements. CPI Corp. was founded in 1979 and is headquartered in St. Louis, Missouri.

Competitive Landscape

Demand is closely tied to consumer income and corporate marketing activity. The profitability of individual companies depends heavily on effective marketing. Large companies have economies of scale in marketing and production. Small companies can compete effectively by offering specialized services or holding favorable locations. The industry is labor-intensive: average annual revenue per worker is US$75,000 for portrait studios, US$120,000 for commercial firms.

 

Photo Studios and Commercial Photography Industry Forecast

 

The output of US photographic services is forecast to grow at an annual compounded rate of 2% between 2008 and 2013. Data Sourced: December 2008

CPI Corp. (HQ)

Renato Cataldo Jr., Ph.D., Chief Exec. Officer and President

1706 Washington Avenue
St Louis, MO 63103
United States 
Phone: 314-231-1575
Fax: 314-231-8150

 http://www.cpicorp.com

 

 

 

 

 

eBay, Inc.  (EBAY) Up-date 2

June 4, 2009                  

 Paul A. Ebeling, Jr. Analyst

Today let’s look at eBay (EBAY), the premier online (AKA World’s Biggest) marketer/seller, from a technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Bullish: in the near term Bullish, mid-term Very Bullish:  and long term Neutral:

**Chart by: http://www.stockta.com

Latest News:  eBay is Turning Itself Around

http://finance.yahoo.com/news/Analyst-eBay-Is-Turning-paidcontent-15433703.html?.v=1

Wednesday’s Market Action Close    17.97    + .01                       Volume 33,560,900/shrs

There is a Homing Pigeon on Jun 3 and two Gaps open up on Apr 23 and Jun 1, 2009 at 15.10/17.68; the near term resistance is at 19.66, support at 17.37, and the 50 day exponential moving average is 16.00.

This is eBay, Inc. (EBAY): In the lexicon of the modern consuming idiom the term “I got it on eBay” has become fully establish and is making eBay online auctioneer the world leader. eBay is a cyber-forum for selling more than 50,000 categories of merchandise, from junk to fine antiques, and hosting about 500,000 online stores worldwide. eBay, which generates revenue through listing/ selling fees and advertising, has more than 27%MM registered users. In 2007, eBay acquired one of the fastest growing online ticket sellers, StubHub, for US$307MM. eBay, Inc. ranks #326 in FORTUNE 500 and #213 in FT Global 500

The Competitive Landscape

eBay competitors are primarily in the Auctions industry. eBay also competes in the Messaging, Conferencing & Communications Software, Transaction, Credit & Collections, and Fixed-line Voice Services Providers sectors.

eBay’s competition includes

Amazon.com

Google

Yahoo!

 

eBay, Inc. (HQ)                                                                                                                                         Chairman Pierre M. Omidyar                                                                                                                       

 SVP & CFO Robert H. (Bob) Swan

 

2145 Hamilton Ave.
San Jose, CA 95125
United States 

Phone: 408-376-7400
Fax: 408-376-7401

                                                                                                                                                                                                                                  

http://www.ebay.com

 

 

 

 

 

Google Inc. (GOOG) Up-date 8

June 4, 2009                  

 Paul A. Ebeling, Jr. Analyst

Today, let’s look at Google Inc. (GOOG), the Internet Search Engine leader, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Bullish: in the near term Neutral, mid-term Very Bullish, and long term Bullish.

**Chart by: http://www.stockta.com

Latest News: Ex-Googler’s New White House Job Rankles Some

http://blogs.wsj.com/digits/2009/06/03/ex-googlers-new-white-house-job-rankles-some/#mod=yahoo_hs

Wednesday’s Market Action   Close 431.65   + 3.25             Volume 3,533,400/shrs

There are three Gaps open up between Mar 23 and Jun 1, 2009 at 332.99/418.53, the near term resistance is 410.01, support at 394.60, and the 50 day (EMA) exponential moving average is 387.56.

This is Google Inc. (GOOG):  Google operates the leading Internet search engine, offering targeted search results from billions of Web pages. Results are based on a proprietary algorithm — Google’s technology for ranking Web pages is called PageRank. The company generates nearly all of its revenue through ad sales. Advertisers can deliver relevant ads targeted to search queries or Web content. Google also operates the Google Network, a network of third party customers that use Google’s advertising programs to deliver relevant ads to their own Web sites. Founders Sergey Brin and Larry Page each have nearly 30% voting control of the company.

The Competitive Landscape

Demand comes largely from corporations that sell consumer products, and telecommunications, entertainment, and financial services. The profitability of individual companies depends on creative skills and good marketing. Large companies are advantaged in being able to serve the varied needs of large customers, but small companies can be competitive through special talent or lower pricing or through special services. The industry is labor intensive, but the high value of the product produces annual revenue per employee of about US$150,000.

Advertising and Marketing Industry Forecast

The output of US advertising services is forecast to grow at an annual compounded rate of 5.5 % between 2008 and 2013.

Google Inc. (HQ)

 Chairman & Chief Exec. Officer Eric E. Schmidt Ph.D.

1600 Amphitheatre Parkway
Mountain View, CA 94043
United States 
Phone: 650-253-0000
Fax: 650-253-0001

http://www.google.com

 

 

 

 

McDonald’s Corporation (MCD) Up-date 8

June 4, 2009                  

 Paul A. Ebeling, Jr. Analyst

Today let’s look at McDonald’s Corporation (MCD), the world’s #1 fast-food company, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Bullish:  in the near term Bullish, mid-term Neutral, and long term Bullish.

**Chart by: http://www.stockta.com

Latest News:  McDonald’s plans 7-yr bond up to 300MM Euros-IFR

http://www.reuters.com/article/marketsNews/idAFL341789620090603?rpc=44

 

Wednesday’s Market Action   Close 60.99   + .61      Volume 10,425,200/shrs

There is one Gap open up May 20, 2009 at 54.46/55.02, the near term resistance is 63.02, support at 60.84, and the 50 day (EMA) exponential moving average is 55.86.

This is McDonald’s Corporation (MCD): “McDonald’s is the world’s #1 fast-food company by sales, with more than 31,000 restaurants serving burgers and fries in 120 countries, with about 14,000 Golden Arches locations are in the USA. The popular chain is well-known for its Big Macs, Quarter Pounders, and Chicken McNuggets. Most of its outlets are free-standing units, but McDonald’s also has many quick-service kiosk units located in airports and retail areas. Each unit gets its food and packaging from approved suppliers and uses standardized procedures to ensure that a Big Mac purchased in Pittsburgh tastes the same as one bought in Beijing, I lived in Beijing for 4 years and it’s true. More than 75% of its restaurants are run by franchisees or affiliates.

The Competitive Landscape

Demographics and personal income drive demand. The profitability of individual companies depends on efficient operations, effective marketing, and the ability to provide fast service. Large companies have advantages in purchasing, financing, and marketing. Small companies can compete by offering unique products or serving a local market. The industry is highly labor-intensive: average annual revenue per worker is just under US$40,000.

McDonald’s Corporation (HQ)

Chairman; Andrew J. (Andy) McKenna Sr.

2111 McDonalds Dr.
Oak Brook, IL 60523
United States  

Phone: 630-623-3000
Fax: 630-623-5004
Toll Free: 800-244-6227

 

http://www.mcdonalds.com

McDonald’s Subsidiaries

McDonald’s Restaurants Limited

Ronald McDonald House Charities, Inc.

 

 

 

Pinnacle Entertainment Inc. (PNK)

June 4, 2009                  

 Paul A. Ebeling, Jr. Analyst

Today, let’s look at Pinnacle Entertainment Inc. (PNK), the casino and hotel operator, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Bullish: in the near term Bullish, mid-term Bullish and long term Neutral.

**Chart by: http://www.stockta.com

Latest News: Pinnacle Entertainment to Present at Goldman Sachs Lodging, Gaming, Restaurant & Leisure Conference

http://finance.yahoo.com/news/Pinnacle-Entertainment-to-prnews-15396886.html?.v=2

Wednesday’s Market Action   Close 12.56     + 1.46        Volume 2,504,000/shrs

There is a Bearish Engulfing Candle on May 29, and two Gaps open up between Mar 11 and Apr 2, 2009 at 5.69/7.87, the near term resistance is 13.97, support at 11.23, and the 50 day (EMA) exponential moving average is 10.50.

This is Pinnacle Entertainment Inc. (PNK): The Company owns a handful of casinos in Indiana, Louisiana, Missouri, and Nevada, most of which operate under the Boomtown and Casino Magic banners. Pinnacle also owns the Four Seasons Hotel St. Louis in Missouri. Outside the US, the company operates Casino Magic Argentina. Once purely a racing concern, the company exited that business when it sold Turf Paradise, its racetrack in Phoenix. Most of the company’s properties cater to locals or those who can easily drive there.

Competitive Landscape

Growth in consumer income and state spending has driven expansion of the US gambling industry. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to a local clientèle. The industry is fairly labor-intensive: annual revenue per employee is US$90,000.

Gambling Operations Industry Forecast

US personal consumption expenditures for participant amusements and pari-mutuel net receipts, which include gambling operations, are forecast to grow at an annual compounded rate of 4% between 2008 and 2013. Data Sourced: December 2008

 

Pinnacle Entertainment Inc. (HQ)

 

Daniel R. Lee Exec. Chairman, Chief Exec. Officer

3800 Howard Hughes Parkway
Suite 1800
Las Vegas, NV 89169
United States 
Phone: 702-541-7777
Fax: 702-784-7778

 

http://www.pnkinc.com

 

 

 

 

 

Valero Energy Corp. (VLO) Up-date 1

June 4, 2009                  

Paul A. Ebeling, Jr. Analyst

Today let’s look at Valero Energy Corp. (VLO), the largest independent oil refiner in the USA, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Neutral: in the near term Very Bearish, mid-term Neutral, and long term Neutral.

**Chart by: http://www.stockta.com

Latest News: Wall of Shame: Valero CEO William Klesse

http://www.cnbc.com/id/31093022/site/14081545?__source=yahoo|headline|quote|text|&par=yahoo

Wednesday’s Market Action     Close 18.40    - 3.98        Volume 48,540,600/shrs

There is a DOJI on Jun 1 and one Gap open up on Apr 2, 2009 at 18.75/18.99, the near term resistance is 19.90, support at 17.64, and the 50 day (EMA) exponential moving average is 20.90.

This is Valero Energy Corp. (VLO), Named after the Alamo (the Mission San Antonio de Valero), the company is the largest independent oil refiner in the US. Valero refines low-cost residual oil and heavy crude into cleaner-burning, higher-margin products, including low-sulfur diesels. It operates 16 refineries (with a total production capacity of about 3 million barrels per day) located in California, Delaware, Louisiana, New Jersey, Oklahoma, Tennessee, Texas, and in Aruba and Canada. It also has a network of some 5,800 retail gas stations and wholesale outlets bearing the Corner Store, Diamond Shamrock, Shamrock, Ultramar, Valero, Stop N Go, and Beacon names in 44 US states and in Canada.

 

Competitive Landscape

 

Demand depends mainly on the volume of car driving, which in turn depends on economic activity. The profitability of individual stores is closely linked to location and product mix. Large companies have advantages in buying gasoline at bulk prices, but small companies can compete effectively by having superior locations. Annual revenue per worker is close to US$300,000.

Convenience Stores and Gas Stations Industry Forecast

US personal consumption expenditures of gasoline, oil, nonalcoholic beverages, and tobacco, all major indicators for convenience stores and gas stations, are forecast to grow at an annual compounded rate of 2.4% between 2007 and 2012.

Valero Energy Corp. (HQ)

 

William R. Klesse, Executive Chairman, Chief Exec. Officer, President 

One Valero Way
San Antonio, TX 78249-1616
United States 
Phone: 210-345-2000
Fax: 210-345-2646

 

http://www.valero.com

 

 

 

 

Wal-Mart Stores, Inc. (WMT) Up-date 15

June 4, 2009                  

 Paul A. Ebeling, Jr. Analyst

Today let’s look at Wal-Mart Stores, Inc. (WMT), the World’s #1 retailer, from a Technical POV. The overall analysis after Wednesday’s (June 3, 2009) market action is Neutral: in the near term Bullish, mid-term Bullish, and long term Neutral.

**Chart by: www.stockta.com 

Latest News: Wal-Mart Heads Back Up-market

http://www.businessweek.com/magazine/content/09_24/b4135000941856.htm?campaign_id=yhoo

Wednesday’s Market Action   Close 50.88   + .95          Volume   19,739,600/shrs

The is a Bullish Engulfing Candle on June 3,  three Gaps open down between Jan 8 and May 13, 2009 at 55.06/50.30, the near term resistance is 51.42, support at 50.23, and the 50 day (EMA) exponential moving average is 50.06.

This is Wal-Mart Stores, Inc. (WMT): Wal-Mart Stores is an irresistible (or at least unavoidable) retail force that has yet to meet any immovable objects. Bigger than Europe’s Carrefour, Tesco, and Metro AG combined, it is the world’s #1 retailer, with more than 7,250 stores, including about 975 discount stores, 2,800 combination discount and grocery stores (Wal-Mart Supercenters in the US and ASDA in the UK), and 590 warehouse stores (SAM’S CLUB). About 55% of its stores are in the US, but Wal-Mart continues expanding internationally; it is the #1 retailer in Canada and Mexico and it has operations in Asia (where it owns a 95% stake in Japanese retailer SEIYU), Europe, and South America. Founder Sam Walton’s heirs own about 40% of Wal-Mart. I have never been in a Wal-Mart Store, though I have been in Carreforur’s and Tesco.

The Competitive Landscape

Demand depends mainly on the volume of car driving, which in turn depends on economic activity. The profitability of individual stores is closely linked to location and product mix. Large companies have advantages in buying gasoline at bulk prices, but small companies can compete effectively by having superior locations. Annual revenue per worker is close to US$300,000.

Wal-Mart Stores, Inc. (HQ)

Chairman S. Robson (Rob) Walton

702 SW 8th St.
Bentonville, AR 72716
United States  

Phone: 479-273-4000
Fax: 479-277-1830

 

http://www.walmartstores.com

Wal-Mart Subsidiaries

ASDA Group Limited

SAM’S CLUB

Wal-Mart Brazil

 

 

Posted by Shayne Heffernan on Jun 4th, 2009and filed underLatest News.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site