Category Archives: Oxen Group Watchlist

Market Recap: The market traded slightly lower on the day as the market was pricing in some negativity surrounding economic data on existing home sales and continuing to lack an upward catalyst. Earnings for major companies as ewll were weaker. Existing home sales saw an increase from December to January, but they missed expectations at 4.63M as the number came in at 4.57M. Dell (DELL), Toll Brother (TOL), and Dollar Tree (DLTR) all moved more weakly on the day after their earnings were either not strong enough to continue upward trends or weak. Garmin (GRMN) and Intuit (INTU), however, had strong earnings.

The market to us looks to be awaiting the next big thing. What will it be? Crisis in Europe? Strong jobs data…The longer we go without bad news, the more likely this rally continues. Any big disappointments or shocking developments could bring the market down in a hurry. Here is one bullish play we like and one bearish.

Continue reading “Two Stocks To Watch, Where For The Next Market: February 22, 2012” »

Market Recap: The market was fairly flat to start out the week after the long weekend. The big news for the market was that Greece got their second round of bailout money. The issue for many though is that we question whether the bailout really can do what people expect. Europe is modeling that the country will return to positive GDP by 2013. With 2-3%+ growth by 2014. We are not positive that this model is approriate. Further, the country is still in the same awful situation. A bailout does not address economic issues in the nation. To many, the bailout is a kick the can down the road move. Yet, the news will shift to other news now that actually may be more bullish like data here at home.

Moving through the rest of the week, we have a fairly quiet week that could lead to a fairly flat market with any dips being bought and moves higher being sold. The Greece situation will start to be less important. Eyes will start to turn to Iran, the American consumer, unemployment, and general data. For this week, we have new home sales on Friday. We also will get initial jobless claims on Thursday. Yet, the market does not look like it will move a lot. What will?

Continue reading “Stocks To Watch, Where Next For The Market: February 21, 2012” »

The market reversed its Wednesday woes as good data led to the market moving higher. The combination of positive jobless claims' report, housing starts, and Philly Fed Index were enough to outweigh any negatives attached to the market about Greece. Greece continues to struggle and this morning Moody's (MCO) threatened to downgrade a slew of global banks on the European debt crisis. That news hurt Asian and European markets early on, but the American data was seen as very strong. Jobless claims dropped back below 350K. The Philly Fed broke 10.0 to 10.2, and housing starts were better than estimates. It all meant a positive day.

Data is fleeting...the macro situation is not. That is what continues to spook us about this market and have a hard time believing that its completely okay. The bulls are in full force, but its always good to have bearish ideas in mind. Here are two stocks we are watching that we believe have downside potential:

Continue reading “Two Stocks To Watch, What’s Next For The Market – February 16, 2012” »

The market took a step backwards today as a number of catalysts for downside appeared in the market. First, the market started to trade risk on with issues about Greece getting its second round of bailouts from Europe sprouting. The delay is definitely not a positive for the market, and the rally around Greece austerity would most likely be reveresed. Additionally, the Fed came out with news today that they see little reason to support a QE3, which is definitely something that has held the market up as well. There were some positives like China supporting the Eurozone and NAHB Housing Market Index as well as Empire Manufacturing improving, but Greece and the Fed outweighed those.

With the situation in the market starting to look a bit more dire, we think its time to take a look at a couple of bearish positions that can work in this market.

Continue reading “2 Stocks to Watch, Where Next For The Market: February 15, 2012” »

The market started its week out on a positive note as stocks were moving higher on risk-off trading as Greece passed its austerity bill. The entire situation is not resolved, as Greece still has to present itself on Wednesday to EU finance ministers. Further, the country still needs to come up with around $400M in cuts. Overall, the situation seems to have been kicked down the road, but this is definitely not a situation that is at all bullish. The country is in very dire straits and is going to be for years to come.

With the situation resolved, the market is going to have a lot of reasons to turn its attention at home. There is a ton of economic data out this week from Philly Fed to Retail Sales to Housing Starts that will definitely be impactful of the market's move for the rest of the week. We can see this market rallying more on good data, and at the same time, the Greece headline could be short-lived. Here are two stocks we like that we think can be good for buying and selling.

Continue reading “2 Stocks To Watch, Where Next For The Market: February 13th, 2012” »