Market Comments: 

 

First of all my best wishes to you and your family having a great Thanksgiving hoildays. A drop in unemployment claims and a rise in home sales pulled the stock market higher in light trading ahead of Thanksgiving. Modest gains today scored the Dow Jones industrial average and the Standard & Poor's 500 index at 13-month highs. Investors drew confidence from a handful of promising economic reports. The government said new claims for unemployment insurance fell by 35,000 last week to 466,000. That's the fewest since September last year, and better than the 500,000 that economists had expected, New home sales rose 6.2 percent to an annual rate of 430,000 and more than expected. The government also said spending rose a brisk 0.7 percent last month, after falling in September. It was the best showing since August, when the government's now-defunct Cash for Clunkers programs enticed people to buy cars. Increased spending by consumers is seen as necessary for the economy to sustain a rebound. The report was a welcome sign as the holiday shopping season goes into full swing. But October durable goods orders fell unexpectedly and pre-holiday less market participants, limiting stock gains. I expect Black Friday sales should be encouraging and will be available on next Monday based on the above reports and a better consumer confidence reported yesterday (i.e. 49.5 vs.47.5). Our favorite retailer sector of stocks should be benefited from improving sentiments. In addition, I would think overall market will keep climbing up more into the first quarter of next year. Any market's big pulling back should be used to add stock positions. You can play either day trades or swing trades as we instruct you to do them from time to time. Energy and retailer stocks now seem to be the best sectors of stocks to play now till end-year holidays.

 

 

Halliburton Company(HAL,30.20) provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide. It company operates in two segments, Completion and Production, and Drilling and Evaluation. Its 2010 EPS is estimated at 1.42 and is an increase of 9.2% over prior year. It pays $0.36 of dividend (Yield=1.1%). Long sliding US dollars will benefit energy stocks. Buy it at $29.30-30.20 or less, Sell it at $37-38 and Stop loss it at $28.50

 

J.Crew Group, Inc. (JCG, 44.10)operates as a multi-channel specialty retailer in the United States. It designs, contracts for the manufacture of, markets, and distributes women's, men's, and children's apparel; shoes; and accessories under the J.Crew brand name. Its fiscal 2010 and 2011 EPS is estimated at $1.60 and $1.94. It represents an increase of 88% and 21% from prior year. In addition, It just released its fiscal 3Q of 2010's EPS of $0.67 vs. $0.58 (estimated) yesterday. Buy it at $42.50-$43.50 or less, Sell it at $56-57  and stop loss at $39.75

Day/Swing Trades: NTAP, TRW, NTRI, LTD, HIBB