Natural Gas Stocks Reporting Next Week: Sandridge Energy (SD), National Fuel Gas (NFG) And Devon (DVN)

This week some of the most important natural gas stocks will report earnings, including National Fuel Gas (NFG), EOG Resources (EOG), Devon (DVN) and SandRidge Energy (SD).

Sandridge Energy (SD) has been downtrending for over 10 months, losing 40% in the last 12 months. They have recently acquired Arena and are shifting from natural gas to onshore oil drilling. That may be a good move these days.

Here`s SandRidge Energy (SD) chart:

(click to enlarge)

Art Hogan: Deere (DE) Can Easily Go To 75 USD

Hogan recommended investors buy Deere & Company (NYSE:DE):

“We can easily see this go to $75 in the next 12 months. You get great exposure outside of the US as well.”

Silver And Gold In Oversold Territory

(click to enlarge)

Gold has been trending down recently and Gold Futures moved into oversold territory.

Silver is also at the bottom of its trading range despite the recent dollar weakness. You should expect precious metals to rally when the dollar is downtrending.

Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)

Related stocks: Hecla Mining Company (NYSE:HL), Coeur d'Alene Mines Corporation (Public, NYSE:CDE) , Yamana Gold Inc. (USA) (NYSE:AUY) , NovaGold Resources Inc. (USA) (AMEX:NG)

James Bullard: The U.S. Is Closer To A Japanese-Style Outcome

“The U.S. is closer to a Japanese-style outcome today than at any time in recent history”

James Bullard, Federal Reserve Bank of St. Louis President

Morgan Stanley: Fears Are Overdone

"The global economy has momentum. Global growth is at 5 percent over the last 12 months but real global interest rates remain negative. Fears of a double-dip recession are overdone and the risks are now to the upside.

We believe that these fears are overdone. We continue to say 'no' to the double dip, we continue to worry more about the longer-term inflationary risks associated with extreme monetary accommodation, and we doubt that governments in the US and in the large euro-area member states have the resolve to tighten fiscal policy drastically. Monetary policy will face an awkward choice between allowing inflation to run its course and raising interest rates aggressively despite high debt levels.

Our suspicion is, as we have explained in the past, that they would opt for the former – allow higher inflation for some time in order to help reduce the debt burden."

Joachim Fels, the co-head of economics at Morgan Stanley

Related stock: Morgan Stanley (NYSE:MS)

Best Performers On Earnings: Harley-Davidson, Inc. (HOG), Janus Capital (JNS) And Fifth Third Bancorp (FITB)

"Harley-Davidson, Inc. (Public, NYSE:HOG) has had the best reaction to its earnings report, gaining 13.64% on the day. Janus Capital Group Inc. (Public, NYSE:JNS) and Fifth Third Bancorp (Public, NASDAQ:FITB) are the only other S&P 500 stocks that have gained more than 10% on their report days."

in Bespoke Investment Group

Goldman Sachs (GS): 3 Month Price Target For The S&P 500 >> 1160

"We maintain our 3-month price target of 1160 (+6%) and expect the S&P 500 will rise to 1250 (+14%) at year-end 2010.”

Source: Goldman Sachs Group, Inc. (Public, NYSE:GS)

Related: SPDR S&P 500 ETF (Public, NYSE:SPY), SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA)

Is The S&P 500 Overbought Or Oversold?

According to this study from Bespoke Investment Group, the S&P 500 Index is now trading at "Neutral" territory, after bouncing from oversold conditions over the last few sessions.

Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY) , SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM)

Stocks Have Dropped 0.4% On Average After Reporting Earnings

On average the stocks have been reacting negatively to the earnings report:

Source: Bespoke Investment Group

Some notable outperformers were Apple (AAPL), Wells Fargo (WFC) and Morgan Stanley (MS) to name a few.

Doug Kass: If There Is A Surprise In The Market It Will Be On The Upside

Doug Kass expects a trading range on the S&P 500 both on price and on valuations:

“Between 1025 and 1150 on the S&P, between 11 times and 13 times forward earnings. I’d sell straddles and strangles. We’re not going to have fast money we’re going to have boring money.” (Doug Kass, CNBC)

But even more interesting is his view on a possible surprise move:

"It’s interesting to note that Kass says if he's wrong, he believes the bias in the market is higher largely due to pension funds that could skew into the stock market on a hint the bond market is entering a correction.” (in CNBC.com)

Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY) , SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM)

Motorola Is The Most Overbought Stock In The S&P 500

Motorola (MOT) is trading 3.15 standard deviations above its 50 day SMA. That makes it the most overbought stock in the index according to this metric.

NAHB Homebuilder Survey Is Heading Down Once Again

Source: Bespoke Investment Group

The NAHB Homebuilder Survey is heading down once again, showing that sentiment declined to a 52-week low of 14. The expiration of the homebuyer tax credit certainly is making its presence felt.

That is not good news for the homebuilding stocks. D.R. Horton, Inc. (DHI), PulteGroup, Inc. (PHM), Lennar Corporation (LEN), KB Home (KBH) are probably good shorting candidates.

Doug Kass: S&P 500 Will Range Between 1025 And 1150

"I now view the risk/reward for equities to be roughly in balance, with an anticipated 2010 S&P range of 1,025-1,150 over the remainder of the year."

Doug Kass

ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), iPath S&P 500 VIX Short Term F (Public, NYSE:VXX)

Soros Says U.S. Shouldn't Cut Stimulus

“I think the timing is wrong with withdrawing the stimulus. Cutting employment benefits, cutting aid to states that are losing tax revenue, these are counterproductive because you can only grow your way out of the financial crisis"

George Soros, Hamptons Institute in East Hampton, New York, on July 16

ETFs: ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), SPDR S&P 500 ETF (Public, NYSE:SPY)

Seery Sees S&P 500 Falling to 900s; Cites `No Growth'

Michael Seery of Olympus Futures and John O'Donoghue, head of equities at Cowen & Co., discuss the outlook for the U.S. stock market. John O'Donoghue, sees support for the market at 1000-1020.

Michael Seery says the big volume days are always on the downside and is very pessimistic about the market. He thinks we will penetrate 1,000 points on the S&P 500 Index in the next 10 days and a bottom may be made at around 900 points.

Watch the full video: Seery Sees S&P 500 Falling to 900s; Cites `No Growth': Video

Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), iPath S&P 500 VIX Short Term F (Public, NYSE:VXX)

Jeffrey Immelt: I See The Economy Improving Day After Day

"I see it every day, I see the economy improving day after day. I especially see our orders improving day after day. China, India, Brazil, Africa, the Middle East and resource-rich areas are clearly doing well."

Jeffrey Immelt, General Electric chairman and chief executive

Related stock: General Electric Company (Public, NYSE:GE)

Related ETF`s: iShares MSCI Brazil Index (ETF) (Public, NYSE:EWZ), iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), The India Fund, Inc. (Public, NYSE:IFN)

Gap: June Had Lighter Traffic Than We Antecipated

“June was a difficult month with lighter traffic than we anticipated”

Gap’s CFO Sabrina Simmons

Related Stock: The Gap Inc. (Public, NYSE:GPS)

All Stocks Are Moving Together

"In recent weeks, stocks in the Standard & Poor's 500-stock index have shown an increasing tendency to move in the same direction at the same time. Last week, those stocks' tendency to move in the same direction as the index hit an extreme not seen since October 1987, according to research by investment group Birinyi Associates in Westport, Conn."

in WSJ

Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA)

Earnings This Week: Alcoa, Intel, Google, JP Morgan, Citigroup, Bank Of America And GE

The most important earnings releases this week are from:

Alcoa Inc. (Public, NYSE:AA)
CSX Corporation (Public, NYSE:CSX)
Novellus Systems, Inc. (Public, NASDAQ:NVLS)
Intel Corporation (Public, NASDAQ:INTC)
Yum! Brands, Inc. (Public, NYSE:YUM)
Marriott International, Inc. (Public, NYSE:MAR)
Fairchild Semiconductor International (Public, NYSE:FCS)
JPMorgan Chase & Co. (Public, NYSE:JPM)
Advanced Micro Devices, Inc. (Public, NYSE:AMD)
Google Inc. (Public, NASDAQ:GOOG)
The Charles Schwab Corporation (Public, NYSE:SCHW)
Bank of America Corporation (Public, NYSE:BAC)
Citigroup Inc. (Public, NYSE:C)
General Electric Company (Public, NYSE:GE)

Source: Bespoke

Stephen Roach: The Recovery Could Be Over

Most Volatile Stocks On Earnings Season

Earnings season will kick off next week and we will list the 5 most volatile stocks on earnings season ranked by the average percent daily move on the earnings announcement:

- the most volatile stock is Fuel Systems Solutions, Inc. (NASDAQ:FSYS), averaging a 23% move followed by Sequenom, Inc. (NASDAQ:SQNM), First Solar, Inc. (NASDAQ:FSLR), Astronics Corporation (NASDAQ:ATRO) and Intuitive Surgical, Inc. (NASDAQ:ISRG).

So, if you are looking for some momentum, fast moving stocks this is probably a very good short list.

Take a look at these stocks recent price action (click to enlarge):

Fuel Systems Solutions, Inc. (NASDAQ:FSYS)


Sequenom, Inc. (NASDAQ:SQNM)


First Solar, Inc. (NASDAQ:FSLR)


Astronics Corporation (NASDAQ:ATRO)



Intuitive Surgical, Inc. (NASDAQ:ISRG)

6 Stocks That Failed The Rally Yesterday: Dollar Tree, Family Dollar Stores, BJs Wholesale, Vulcan materials, Thermo Fischer And Waters Corp.

Dollar Tree, Inc. (Public, NASDAQ:DLTR), Family Dollar Stores, Inc. (Public, NYSE:FDO), BJ's Wholesale Club, Inc. (Public, NYSE:BJ), Vulcan Materials Company (Public, NYSE:VMC), Thermo Fisher Scientific Inc. (Public, NYSE:TMO) And Waters Corporation (Public, NYSE:WAT) were the 6 big cap stocks that failed the rally yesterday.

These are probably good shorting candidates. If they could not rally on a 3% S&P 500 move, when will they rally?

Google (GOOG) On a 13 Day Losing Streak

For the first time since going public, Google (GOOG) has fallen for 13 consecutive trading sessions.

Is it time for a snapback?

From the 501.27 close of June 16, the stock has dropped every single trading session and closed at 436 yesterday.

Doug Kass: We Have Reached The Low For The Year

"We have reached a yearly low for the market for the year. This business is going to be fun again and it's going to happen sooner than most people think.

If you look at the June ISM non-manufacturing index, the employment component dropped only marginally and is consistent with respectable payroll growth. And the employment trend index was up for the 11th straight month in a row and it always leads payroll growth. The index is up 5 points above it's long term average."

Doug Kass, Seabreeze Partners Management, CNBC

Related ETFs: SPDR S&P 500 ETF (NYSE:SPY), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)

Related Stocks: Exxon Mobil Corporation (Public, NYSE:XOM), Wal-Mart Stores, Inc. (Public, NYSE:WMT), Google Inc. (Public, NASDAQ:GOOG), General Electric Company (Public, NYSE:GE), Bank of America Corporation (Public, NYSE:BAC), Potash Corp./Saskatchewan (USA) (Public, NYSE:POT)

5 Best Performing Stocks In 2010: Zions Bancorp (ZION) Leads

The 5 best performing stocks of 2010 are Zions Bancorp (NASDAQ:ZION), Akamai Technologies, Inc. (NASDAQ:AKAM), Huntington Bancshares Incorporated (NASDAQ:HBAN), Millipore Corporation (NYSE:MIL) and SanDisk Corporation (NASDAQ:SNDK).

Interestingly, there are two Nasdaq banking stocks in the top 5 and only one NYSE stock, Millipore (MIL).

Zions Bancorp (ZION) is already up 62% year to date.

Goldman Sachs (GS): Leading Indicators With Negative Trend

The sharp change in trend in the ECRI’s leading index has been widely reported, however, Goldman Sachs (GS) has their own leading indicator and it is exhibiting the same negative trend seen in the ECRI’s leading index. Though the change in trend is alarming it is not a cause for panic as it is coming off of very high levels and is not occurring during a recession according to Goldman Sachs (GS).

in The Pragmatic Capitalism

Related stock, Goldman Sachs Group, Inc. (NYSE:GS)

"Perma Bull" Barton Biggs Is Bearish

“I’m not wildly bearish, but I don’t want to have a lot of risk at this point. I just want to have less exposure at a time like this.

The economic numbers are very disappointing. Maybe the politicians respond. I’m worried that we could have not just a soft patch but a double dip which lasts two or three quarters and where nominal GDP is only up 2 or 3 percent, and that’ll have a big effect on profits. I’m afraid the market goes down another 10 or 15 percent if that happens.”

Barton Biggs, Bloomberg

Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), Technology SPDR (ETF) (Public, NYSE:XLK)

Mortgage Rates On 30-Year U.S. Loans Slid To A Record Low

Mortgage rates on 30-year U.S. loans slid to a record low for the second straight week, lowering borrowing costs for homebuyers as demand slumps.

Rates for 30-year fixed loans sank to 4.58 percent in the week ended today from 4.69 percent last week, Freddie Mac said in a statement.

In my view, shorting US Treasuries will be the next big macro trade. 2 year bond Yields are also trading at historical lows. They are currently at 0.62% and I ask you, how low can they go?

Related ETFs: iShares Lehman 1-3 Year Treas.Bond (ETF) (Public, NYSE:SHY), iShares Lehman 7-10 Yr Treas. Bond (ETF) (Public, NYSE:IEF)

Dynegy (DYN) And Coach (COH) Are On A 13-Day Losing Streak

Both Dynegy (DYN) and Coach (COH) are on a 13-day losing streak. Coach (COH) has recently corrected from 46 USD per share to 36 dollars per share and Dynegy (DYN) sold off from 5 USD per share to 3.6 USD.

The Dow Jones is also on a 7-day losing streak, which hasn't happened since late 2008.

Monster Worldwide: The Jobs Picture May Be Getting Better

"While substantial job creation has yet to occur to reduce the existing levels of unemployment and underemployment, job availability is improved from where it was a year ago."

Jesse Harriott, a senior vice president at Monster Worldwide

Related stock: Monster Worldwide, Inc. (NYSE:MWW)