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smartinvest — Sun, 11 May 2008 07:27:31 GMT

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Forum: Online Investing

Priceline.com

Barry — Fri, 09 May 2008 22:40:59 GMT

Daily Market Commentary for May 9, 2008

Would like to take this opportunity to wish all the Mothers out there a very, Happy Mothers Day!!

The markets reversed their direction today, holding in the red zone throughout the trading session. Major indices hit their lows of the session, during the early morning of the trading day. Trading volume was light across the board accompanied with tight trading ranges. A generally quiet trading session for a Friday was affected by the soaring price of Crude Oil which appeared to initiate the negative market tone. Crude bolted higher today to set a new record high of over $126 a barrel. In addition, American International Group (NYSE: AIG) reported a loss for the first quarter of $7.81 Billion or $3.09 a share compared to a profit a year ago of $4.13 Billion or $1.58 a share.

Todays top stock pick for the trading session was Priceline.com Incorporated (NasdaqGS: PCLN). Priceline released 1Q earnings that blew by analyst estimates, creating a surge in the stocks price. First Quarter revenue came in at $403.2 million compared to earnings of $301.3 million a year ago. Analysts had expected revenue to come in at $377 million. Earnings were reported at $18.2 million or 37 cents per share compared to a year ago figure of a loss of $16.3 million or 44 cents per share. Chief Executive Jeffrey Boyd commented that Priceline saw its highest quarterly growth in three years.

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) triple digit loss of 120.90 points on the day to end the session at 12,745.88
NYSE (New York Stock Exchange) gain of 49.07 points to end the session at 9,388.54
NASDAQ loss of 5.72 points for a close at 2,445.52
S&P 500 loss of 9.39 points for a close at 1,388.29
FTSE All-World ex-U.S. loss of 1.78 points to close at 251.31
FTSE RAFI 1000 loss of 38.56 points to close at 5,584.73
BEL 20 loss of 46.25 points to close at 3,826.91
CAC 40 loss of 95.02 points to close at 4,960.56
FTSE100 loss of 66.1 points to close at 6,204.7
NIKKEI 225 triple digit loss of 288 points to close at 13,655.3

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,416; declined stocks 1,703; unchanged stocks 100; stocks hitting new highs 67; stocks hitting new lows 44. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Harris Corporation (NYSE: HRS) gained 2.52 points on the trading day, high on the trading day $60.00, low on the trading day $56.53, for a closing price at $56.93; Transocean, Incorporated (NYSE: RIG) shed 3.64 points on the trading day, high on the trading day $157.67, low on the trading day $150.62, for a closing price at $153.66; Mechel Open Joint Stock Company (NYSE: MTL) shed 1.75 points on the trading day, high on the trading day $158.14, low on the trading day $150.53, for a closing price at $155.38; Public Storage (NYSE: PSA) shed 5.55 points on the trading day, high on the trading day $91.81, low on the trading day $85.86, for a closing price at $86.26; FMC Technologies, Incorporated (NYSE: FTI) gained 3.59 points on the trading day, high on the trading day $79.24, low on the trading day $73.24, for a closing price at $77.85; InterContinental Exchange, Incorporated (NYSE: ICE) shed 3.16 points on the trading day, high on the trading day $159.89, low on the trading day $155.59, for a closing price at $156.56; CME Group, Incorporated (NYSE: CME) shed 3.67 points on the trading day, high on the trading day $474.29, low on the trading day $458.29, for a closing price at $461.65; Visa Incorporated (NYSE: V) shed 4.44 points on the trading day, high on the trading day $86.67, low on the trading day $82.52, for a closing price at $82.86.

News on the NASDAQ today: advanced stocks 1,346; declined stocks 1,504; unchanged stocks 136; stocks hitting new highs 25; stocks hitting new lows 131. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Priceline.com Incorporated (NasdaqGS: PCLN) gained 14.85 points on the trading day, high on the trading day $144.34, low on the trading day $137.37, for a closing price at $138.63; Orthofix International NV (NasdaqGS: OFIX) shed 4.64 points on the trading day, high on the trading day $36.75, low on the trading day $32.38, for a closing price at $33.13; GeoEye, Incorporated (NasdaqGS: GEOY) shed 3.05 points on the trading day, high on the trading day $19.64, low on the trading day $16.05, for a closing price at $18.93; Research In Motion Limited (NasdaqGS: RIMM) gained 1.59 points on the trading day, high on the trading day $134.64, low on the trading day $131.11, for a closing price at $132.77; First Solar, Incorporated (NasdaqGS: FSLR) gained 8.70 points on the trading day, high on the trading day $287.65, low on the trading day $278.55, for a closing price at $284.50; Baidu.com, Incorporated (NasdaqGS: BIDU) shed 8.89 points on the trading day, high on the trading day $354.00, low on the trading day $343.40, for a closing price at $346.28; Google Incorporated (NasdaqGS: GOOG) shed 9.81 points on the trading day, high on the trading day $585.00, low on the trading day $571.30, for a closing price at $573.20.

News on the American Stock Exchange (AMEX) today: advanced stocks 513; declined stocks 582; unchanged stocks 122; stocks hitting new highs 38; stocks hitting new lows 26.

U.S. March Trade Deficit came in at $58.21 Billion as compared to consensus of a Deficit of $61.50 Billion; February Trade Balance Revised to Deficit of $61.71 Billion from Deficit of $62.32 Billion; March Exports of $148.51 Billion fell 1.7%; March Imports of $206.72 Billion fell 2.9%.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $2.27 on the day to close at $125.96 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.13 on the day to close at $3.64 a gallon ($US per gal.); Natural Gas (NYM) gained $0.27 on the day to close at $11.54 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.06 on the day to close at $3.20 a gallon ($US per gal.).

Metals Markets: Gold (CMX) gained $3.70 to close at $885.80 ($US per Troy oz.); Silver (CMX) gained $0.02 to close at $16.89 ($US per Troy oz.); Platinum (NYM) gained $52.70 to close at $2,095.00 ($US per Troy oz.) and Copper (CMX) shed $0.07 to close at $3.72 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.40 to close at 76.88; Pork Bellies (CME) gained 0.30 to close at 80.08; Live Cattle (CME) gained 0.88 to close at 94.53; Feeder Cattle (CME) gained 0.45 to close at 109.93.

Other Commodities (cents per bu.): Corn (CBT) shed 1.00 to close the session at 629.25 and Soybeans (CBT) gained 48.00 to close the session at 1,358.00.

Bonds were higher across the board today: 2 year bond shed 62/32 to close at 99 24/32 with a Yield of 2.24, Yield Change +0.03; 5 year bond shed 1/32 to close at 100 22/32 with a Yield of 2.97, Yield Change +0.01; 10 year bond gained 6/32 to close at 101 3/32 with a Yield of 3.77, Yield Change -0.01; the 30 year bond gained 1 4/32 to close at 97 16/32 on the day with a Yield of 4.52, Yield Change -0.02.

The e-mini Dow $5 ended the commodity session today at 12,769 with a loss of 55 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Stocks Trading Room:
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Forex Trading Room:
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Forum: Market Commentary

NASDAQ

Jeannie — Fri, 09 May 2008 20:31:07 GMT

News on the NASDAQ today: advanced stocks 1,346; declined stocks 1,504; unchanged stocks 136; stocks hitting new highs 25; stocks hitting new lows 131.

Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:

Priceline.com Incorporated (NasdaqGS: PCLN) gained 14.85 points on the trading day, high on the trading day $144.34, low on the trading day $137.37, for a closing price at $138.63; Orthofix International NV (NasdaqGS: OFIX) shed 4.64 points on the trading day, high on the trading day $36.75, low on the trading day $32.38, for a closing price at $33.13; GeoEye, Incorporated (NasdaqGS: GEOY) shed 3.05 points on the trading day, high on the trading day $19.64, low on the trading day $16.05, for a closing price at $18.93; Research In Motion Limited (NasdaqGS: RIMM) gained 1.59 points on the trading day, high on the trading day $134.64, low on the trading day $131.11, for a closing price at $132.77; First Solar, Incorporated (NasdaqGS: FSLR) gained 8.70 points on the trading day, high on the trading day $287.65, low on the trading day $278.55, for a closing price at $284.50; Baidu.com, Incorporated (NasdaqGS: BIDU) shed 8.89 points on the trading day, high on the trading day $354.00, low on the trading day $343.40, for a closing price at $346.28; Google Incorporated (NasdaqGS: GOOG) shed 9.81 points on the trading day, high on the trading day $585.00, low on the trading day $571.30, for a closing price at $573.20.

Forum: Hot Stock Picks

New York Stock Exchange

Jeannie — Fri, 09 May 2008 20:30:17 GMT

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,416; declined stocks 1,703; unchanged stocks 100; stocks hitting new highs 67; stocks hitting new lows 44.

Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today:

Harris Corporation (NYSE: HRS) gained 2.52 points on the trading day, high on the trading day $60.00, low on the trading day $56.53, for a closing price at $56.93; Transocean, Incorporated (NYSE: RIG) shed 3.64 points on the trading day, high on the trading day $157.67, low on the trading day $150.62, for a closing price at $153.66; Mechel Open Joint Stock Company (NYSE: MTL) shed 1.75 points on the trading day, high on the trading day $158.14, low on the trading day $150.53, for a closing price at $155.38; Public Storage (NYSE: PSA) shed 5.55 points on the trading day, high on the trading day $91.81, low on the trading day $85.86, for a closing price at $86.26; FMC Technologies, Incorporated (NYSE: FTI) gained 3.59 points on the trading day, high on the trading day $79.24, low on the trading day $73.24, for a closing price at $77.85; InterContinental Exchange, Incorporated (NYSE: ICE) shed 3.16 points on the trading day, high on the trading day $159.89, low on the trading day $155.59, for a closing price at $156.56; CME Group, Incorporated (NYSE: CME) shed 3.67 points on the trading day, high on the trading day $474.29, low on the trading day $458.29, for a closing price at $461.65; Visa Incorporated (NYSE: V) shed 4.44 points on the trading day, high on the trading day $86.67, low on the trading day $82.52, for a closing price at $82.86.

Forum: Hot Stock Picks

Economic Stimulus Package

Barry — Thur, 08 May 2008 21:51:48 GMT

Daily Market Commentary for May 8, 2008

The markets held in positive territory throughout a majority of the trading session with the major indices closing in the green zone, at the closing bell. Trading volume was fair with mostly snug trading ranges for the session. Earnings were released for many major retailers today and those focused toward lower price ranged customers appeared to fair well over the past quarter. The struggling economy continues to pose a threat to profits for all retailers although, many are hoping to take a piece of the economic stimulus checks on the way to the consumers mail boxes. Rising food and energy costs will continue to take center stage for the consumer. As the price of Crude Oil continues to climb, setting yet another new record high today over $124 a barrel, so will the price of gas at the pump. As a result, consumers will continue to be forced to make concessions for those not so important purchases, just so they can continue to make ends meet. The slow mode, tight trading range action of the markets may be an indicator that even traders have been hit by the recession, possibly in the form of home foreclosures due to sky-rocketing home mortgage prices.

Todays top stock pick for the trading session was Barr Pharmaceuticals Incorporated (NYSE: BRL) with a posted loss of over 11 points on the day. Guidance for 2008 was cut and 1Q profits were below the streets expectations. Its been at least 3 years since Barr's stock, traded this low. Explanation for lower earnings were attributed to numerous reasons. Analysts were forecasting earnings that were based on previous reports of profits doubling. Not taking into account was the decline in generic contraceptive sales and an increase of research and development costs.

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) gain of 52.43 points on the day to end the session at 12,866.78
NYSE (New York Stock Exchange) gain of 49.07 points to end the session at 9,388.54
NASDAQ gain of 12.75 points for a close at 2,451.24
S&P 500 gain of 5.11 points for a close at 1,397.58
FTSE All-World ex-U.S. gain of 0.38 points to close at 252.99
FTSE RAFI 1000 gain of 0.62 points to close at 5,620.96
BEL 20 shed of 33.45 points to close at 3,873.16
CAC 40 shed of 19.73 points to close at 5,055.58
FTSE100 gain of 9.8 points to close at 6,270.80
NIKKEI 225 shed of 159.2 points to close at 13,943.30

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,804; declined stocks 1,317; unchanged stocks 110; stocks hitting new highs 63; stocks hitting new lows 49. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Orient-Express Hotels Limited (NYSE: OEH) shed 2.73 points on the trading day, high on the trading day $47.02, low on the trading day $42.22, for a closing price at $44.73; Barr Pharmaceuticals Incorporated (NYSE: BRL) shed 11.55 points on the trading day, high on the trading day $40.30, low on the trading day $37.40, for a closing price at $38.10; NeuStar, Incorporated (NYSE: NSR) shed 4.41 points on the trading day, high on the trading day $24.43, low on the trading day $22.66, for a closing price at $23.94; Mindray Medical International Limited (NYSE: MR) gained 4.15 points on the trading day, high on the trading day $40.32, low on the trading day $37.40, for a closing price at $39.55; OM Group Incorporated (NYSE: OMG) shed 6.70 points on the trading day, high on the trading day $55.00, low on the trading day $50.25, for a closing price at $52.67; Perini Corporation (NYSE: PCR) gained 3.00 points on the trading day, high on the trading day $44.80, low on the trading day $39.51, for a closing price at $41.91; Encore Acquisition Corporation (NYSE: EAC) gained 6.89 points on the trading day, high on the trading day $56.97, low on the trading day $50.25, for a closing price at $56.79; Uniao de Bancos Brasileiros S.A. (Unibanco) (NYSE: UBB) shed 2.58 points on the trading day, high on the trading day $150.89, low on the trading day $144.55, for a closing price at $147.80; Genco Shipping & Trading Limited (NYSE: GNK) gained 0.32 points on the trading day, high on the trading day $77.66, low on the trading day $72.25, for a closing price at $75.88; RH Donnelley Corporation (NYSE: RHD) gained 1.82 points on the trading day, high on the trading day $8.59, low on the trading day $6.93, for a closing price at $8.20; Mosaic Corporation (NYSE: MOS) gained 2.43 points on the trading day, high on the trading day $127.08, low on the trading day $121.16, for a closing price at $127.08; Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.24 points on the trading day, high on the trading day $200.68, low on the trading day $192.39, for a closing price at $199.01; Visa Incorporated (NYSE: V) shed 1.20 points on the trading day, high on the trading day $89.75, low on the trading day $85.94, for a closing price at $87.30; Monsanto Corporation (NYSE: MON) gained 3.70 points on the trading day, high on the trading day $121.25, low on the trading day $116.20, for a closing price at $121.14.

News on the NASDAQ today: advanced stocks 1,494; declined stocks 1,355; unchanged stocks 153; stocks hitting new highs 26; stocks hitting new lows 114. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: CROCS Incorporated (NasdaqGS: CROX) gained 1.44 points on the trading day, high on the trading day $12.50, low on the trading day $11.16, for a closing price at $11.40; Energy Conversion Devices, Incorporated (NasdaqGS: ENER) gained 15.10 points on the trading day, high on the trading day $50.08, low on the trading day $42.71, for a closing price at $49.91; Hansen Natural Corporation (NasdaqGS: HANS) shed 5.46 points on the trading day, high on the trading day $31.75, low on the trading day $25.51, for a closing price at $30.14; Bucyrus International Incorporated (NasdaqGS: BUCY) gained 3.02 points on the trading day, high on the trading day $134.83, low on the trading day $130.50, for a closing price at $134.74; AirMedia Group Incorporated (NasdaqGS: AMCN) shed 1.35 points on the trading day, high on the trading day $19.87, low on the trading day $17.07, for a closing price at $18.90; Intuitive Surgical, Incorporated (NasdaqGS: ISRG) shed 1.22 points on the trading day, high on the trading day $290.72, low on the trading day $282.75, for a closing price at $287.57; Middleby Corporation (NasdaqGS: MIDD) shed 8.39 points on the trading day, high on the trading day $60.50, low on the trading day $52.12, for a closing price at $54.21; Kaiser Aluminum Corporation (NasdaqGS: KALU) shed 7.85 points on the trading day, high on the trading day $72.88, low on the trading day $64.95, for a closing price at $66.09; Synchronoss Technologies, Incorporated (NasdaqGS: SNCR) shed 0.69 points on the trading day, high on the trading day $12.94, low on the trading day $12.20, for a closing price at $12.35; First Solar, Incorporated (NasdaqGS: FSLR) shed 1.05 points on the trading day, high on the trading day $281.69, low on the trading day $273.19, for a closing price at $275.80; Baidu.com, Incorporated (NasdaqGS: BIDU) shed 3.96 points on the trading day, high on the trading day $367.20, low on the trading day $353.49, for a closing price at $355.17; Google Incorporated (NasdaqGS: GOOG) gained 4.01 points on the trading day, high on the trading day $589.30, low on the trading day $578.91, for a closing price at $583.01.

News on the American Stock Exchange (AMEX) today: advanced stocks 612; declined stocks 534; unchanged stocks 105; stocks hitting new highs 29; stocks hitting new lows 29.

U.S. Jobless Claims fell by 18K to 365K for week of May 3 compared to survey of a drop by 5K and U.S. Continuing Claims for week of April 26 fell by 10K to 3,020,000.

Secretary Henry M. Paulson, Jr. Remarks on the Economic Stimulus: Kansas City, Mo. -Thank you; it is great to be back in Kansas City. I have just come from one of Treasury's bureaus here, the Financial Management Service Regional Financial Center, where they are printing the economic stimulus checks that will put money in the hands of American families and boost our economy this year. It's fitting that I see this economic stimulus become a reality in Kansas City, because my visit here last December was among the events that convinced me that we needed to boost the U.S. economy, and do it early so it could make a difference in 2008. In December, I was at the Bruce Watkins Cultural Heritage Center and Museum for a town hall meeting. I met with and heard from many homeowners about mortgage and other housing difficulties. They also talked of their concerns about the broader economy in Kansas City and Missouri. During that week, I also spent time in Florida and California, where I heard similar concerns. And when I got back to Washington, I talked to people in a variety of industries; I asked them what their business was telling them about where the economy was headed. My travels, my discussions with industry leaders and a review of the economic data with the rest of the President's economic team convinced me in mid-December that the economy had taken a sharp turn for the worse and the risks were to the downside going forward. The President recognized the downturn early, and took decisive action. At the beginning of January, President Bush told the nation we were considering an economic stimulus package. Congressional leaders also saw the weakening economy and the need for action. The President directed me to work with Congress to craft legislation that would put cash in the hands of American consumers and help American businesses invest and create jobs. And the President directed me to get this job done quickly, because we needed to bolster both consumer spending and business investment to protect the health of our economy. And today, we are seeing that our action couldn't have been more timely. We didn't wait for the twenty-twenty hindsight of economic data to confirm a slow economy, we knew it was happening. And because we didn't wait, the bipartisan stimulus package the President and the Congress enacted is injecting dollars into the economy now, when it can make a real difference. It was a pleasure to work in a bipartisan spirit with House and Senate leaders. Together, we crafted a stimulus package that is big enough to have an impact, easy to implement, provides targeted payments and is temporary. We acted quickly to support our economy and help create jobs this year. The package includes stimulus payments to households, and tax incentives for businesses to invest and create jobs. For households, single filers generally will receive a minimum of $300 and as much as $600, and joint filers will generally receive at least $600 and up to $1,200. There is also an additional $300 payment for each qualifying child. Total cash to households will be over $100 billion. In 2001 and 2003, tax relief payments to individuals and families stimulated the broader economy by increasing consumer spending. Evidence suggests that households spent one-third to two-thirds of their 2001 and 2003 payments, and the current stimulus package is almost three times as large as what was enacted in 2001 $38 billion then, versus $100 billion now. For businesses, there is a temporary change to the tax code that will allow them to buy new equipment this year and deduct an additional 50 percent of that investment cost in 2008. In addition, the package expanded the current expensing limits for small businesses, allowing up to $250,000 of qualifying purchases to be deducted for tax years beginning in 2008. Businesses will save approximately $50 billion in near-term taxes and lower taxes will help create new jobs this year. At $150 billion or around 1 percent of GDP these business and household measures are large enough to make a real difference as we weather the current economic slowdown and, by the end of this year, will lead to the creation of over 500,000 new jobs that would not have been created otherwise. And just as important, these initiatives are temporary, so as not to impact our long-term fiscal position. The cooperation between the Administration and the Congress demonstrated to the nation and to the world that we can come together to address the needs of the American people. On February 13th the President signed the Economic Stimulus Act of 2008, the bipartisan bill that set this stimulus process in motion. Just 75 days later, on April 28th, the first electronic direct deposits were sent into Americans' bank accounts. Last week, the first week of payments, 7.7 million individual direct deposits averaging $920 were sent, amounting to more than $7 billion. And we are continuing this process every week, until about 44 million stimulus payments have been made through direct deposits. This morning at the FMS center I saw employees printing checks non-stop on high speed printers. There are machines manufacturing envelopes and wrapping the envelopes around the checks. Checks are being sorted by zip code and loaded onto trays for pickup by the U.S. Postal Service. Today is the first day that economic stimulus checks are being mass produced more than two million checks are being printed at FMS centers across the country, and this is just the first big batch. During the rest of May, Kansas City will print 2.5 million checks a week. In June and July, once the regular tax filing season is finished, we expect Kansas City will send 3.75 million stimulus checks per week. FMS centers in Philadelphia, Austin and San Francisco are also preparing checks that will be, without a doubt, in the mail soon. In total, we will send an estimated 88 million stimulus payments as paper checks through the mail. By the end of May, we will have pumped almost $50 billion into the economy and another $50 billion will follow by early July, about 130 million households will have almost $100 billion of payments in-hand. We expect that these payments will help right away help individuals, families and our economy. Giving people cash means they can decide how best to use it. Seniors, veterans, moms, dads and grandparents can each put their payments toward what is important to them whether it's gas for a summer vacation, clothes for back to school, or a trip to see the grandkids. And these payments will provide a boost to the U.S. economy as we go through a difficult patch. Our economy had been growing for more than six straight years when growth started to slow last winter. And it has remained slow in the first part of 2008. Wages have risen, but so have the costs of food, gasoline, and health care. In addition, after years of unsustainable home price appreciation, we are experiencing an inevitable and necessary housing correction. We are working to minimize the impact of the housing correction on the rest of the economy, but we do not want to impede its progress because the sooner the correction is completed, the sooner we will see home values stabilize, the sooner we will see more people buying homes, and the sooner housing will again contribute to economic growth. The ongoing housing correction and volatility in the financial markets are causing many Americans to feel uncertain. That is understandable and reasonable, and it's also true that the long-term economic prospects of the United States remain solid. I never tire of repeating that we have the most resilient economy in the world because it is true and that we will emerge from this period as we have emerged from past periods of difficulty and move on to new heights. These stimulus payments will reduce the impact of the downturn on households across the nation. I am pleased to be here and have seen the evidence that when we say the check will be in the mail, we mean it.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $0.16 on the day to close at $123.69 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.06 on the day to close at $3.51 a gallon ($US per gal.); Natural Gas (NYM) shed $0.06 on the day to close at $11.26 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.02 on the day to close at $3.14 a gallon ($US per gal.).

Metals Markets: Gold (CMX) gained $10.90 to close at $882.10 ($US per Troy oz.); Silver (CMX) gained $0.18 to close at $16.87 ($US per Troy oz.); Platinum (NYM) gained $73.30 to close at $2,042.30 ($US per Troy oz.) and Copper (CMX) shed $0.05 to close at $3.79 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.20 to close at 76.48; Pork Bellies (CME) gained 3.00 to close at 76.48; Live Cattle (CME) gained 1.83 to close at 93.65; Feeder Cattle (CME) gained 1.20 to close at 109.48.

Other Commodities (cents per bu.): Corn (CBT) gained 17.25 to close the session at 630.25 and Soybeans (CBT) gained 1.00 to close the session at 1,310.00.

Bonds were higher across the board today: 2 year bond gained 6/32 to close at 99 26/32 with a Yield of 2.21, Yield Change -0.09; 5 year bond gained 16/32 to close at 100 226/32 with a Yield of 2.97, Yield Change -0.11; 10 year bond gained 3 6/32 to close at 100 12/32 with a Yield of 3.77, Yield Change -0.07; the 30 year bond gained 1 1/32 to close at 97 10/32 on the day with a Yield of 4.53, Yield Change -0.07.

The e-mini Dow $5 ended the commodity session today at 12,859 with a gain of 23 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

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Forum: Market Commentary

Crocs Shoe

Jeannie — Thur, 08 May 2008 21:31:22 GMT

Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: CROCS Incorporated (NasdaqGS: CROX) gained 1.44 points on the trading day, high on the trading day $12.50, low on the trading day $11.16, for a closing price at $11.40; Energy Conversion Devices, Incorporated (NasdaqGS: ENER) gained 15.10 points on the trading day, high on the trading day $50.08, low on the trading day $42.71, for a closing price at $49.91; Hansen Natural Corporation (NasdaqGS: HANS) shed 5.46 points on the trading day, high on the trading day $31.75, low on the trading day $25.51, for a closing price at $30.14; Bucyrus International Incorporated (NasdaqGS: BUCY) gained 3.02 points on the trading day, high on the trading day $134.83, low on the trading day $130.50, for a closing price at $134.74; AirMedia Group Incorporated (NasdaqGS: AMCN) shed 1.35 points on the trading day, high on the trading day $19.87, low on the trading day $17.07, for a closing price at $18.90; Intuitive Surgical, Incorporated (NasdaqGS: ISRG) shed 1.22 points on the trading day, high on the trading day $290.72, low on the trading day $282.75, for a closing price at $287.57; Middleby Corporation (NasdaqGS: MIDD) shed 8.39 points on the trading day, high on the trading day $60.50, low on the trading day $52.12, for a closing price at $54.21; Kaiser Aluminum Corporation (NasdaqGS: KALU) shed 7.85 points on the trading day, high on the trading day $72.88, low on the trading day $64.95, for a closing price at $66.09; Synchronoss Technologies, Incorporated (NasdaqGS: SNCR) shed 0.69 points on the trading day, high on the trading day $12.94, low on the trading day $12.20, for a closing price at $12.35; First Solar, Incorporated (NasdaqGS: FSLR) shed 1.05 points on the trading day, high on the trading day $281.69, low on the trading day $273.19, for a closing price at $275.80; Baidu.com, Incorporated (NasdaqGS: BIDU) shed 3.96 points on the trading day, high on the trading day $367.20, low on the trading day $353.49, for a closing price at $355.17; Google Incorporated (NasdaqGS: GOOG) gained 4.01 points on the trading day, high on the trading day $589.30, low on the trading day $578.91, for a closing price at $583.01.

Forum: Hot Stock Picks

Barr Pharmaceuticals

Jeannie — Thur, 08 May 2008 21:29:24 GMT

Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today:
Orient-Express Hotels Limited (NYSE: OEH) shed 2.73 points on the trading day, high on the trading day $47.02, low on the trading day $42.22, for a closing price at $44.73; Barr Pharmaceuticals Incorporated (NYSE: BRL) shed 11.55 points on the trading day, high on the trading day $40.30, low on the trading day $37.40, for a closing price at $38.10; NeuStar, Incorporated (NYSE: NSR) shed 4.41 points on the trading day, high on the trading day $24.43, low on the trading day $22.66, for a closing price at $23.94; Mindray Medical International Limited (NYSE: MR) gained 4.15 points on the trading day, high on the trading day $40.32, low on the trading day $37.40, for a closing price at $39.55; OM Group Incorporated (NYSE: OMG) shed 6.70 points on the trading day, high on the trading day $55.00, low on the trading day $50.25, for a closing price at $52.67; Perini Corporation (NYSE: PCR) gained 3.00 points on the trading day, high on the trading day $44.80, low on the trading day $39.51, for a closing price at $41.91; Encore Acquisition Corporation (NYSE: EAC) gained 6.89 points on the trading day, high on the trading day $56.97, low on the trading day $50.25, for a closing price at $56.79; Uniao de Bancos Brasileiros S.A. (Unibanco) (NYSE: UBB) shed 2.58 points on the trading day, high on the trading day $150.89, low on the trading day $144.55, for a closing price at $147.80; Genco Shipping & Trading Limited (NYSE: GNK) gained 0.32 points on the trading day, high on the trading day $77.66, low on the trading day $72.25, for a closing price at $75.88; RH Donnelley Corporation (NYSE: RHD) gained 1.82 points on the trading day, high on the trading day $8.59, low on the trading day $6.93, for a closing price at $8.20; Mosaic Corporation (NYSE: MOS) gained 2.43 points on the trading day, high on the trading day $127.08, low on the trading day $121.16, for a closing price at $127.08; Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.24 points on the trading day, high on the trading day $200.68, low on the trading day $192.39, for a closing price at $199.01; Visa Incorporated (NYSE: V) shed 1.20 points on the trading day, high on the trading day $89.75, low on the trading day $85.94, for a closing price at $87.30; Monsanto Corporation (NYSE: MON) gained 3.70 points on the trading day, high on the trading day $121.25, low on the trading day $116.20, for a closing price at $121.14.

Forum: Hot Stock Picks

National Financial Partners

Barry — Wed, 07 May 2008 21:48:46 GMT

Daily Market Commentary for May 7, 2008

The negative market tone began during the early morning session and slowly increased the momentum to the downside, as the trading day moved on. At the closing bell, the major indices closed at or near their session lows with the DOW and NYSE posting triple digit losses, on the day. Economic data released today gave an ever so slightly suggestion that the economy may not be as bad as previously thought. However, not to get anyone's hopes up because overall, the economy remains in a very fragile condition. The markets saw a wide range sell off from financial stocks after word came out today that the SEC is pushing for more disclosure. S&P 500 broke the key support range of 1500 amidst the selloff, this afternoon. Crude Oil continues to hold onto the spot light as the per barrel surging price continues setting new record highs. Today, Crude surpassed the $123 per barrel figure and average price per gallon of gas here in Southwestern PA is at $3.65 a gallon.

Todays top stock pick for the trading session is National Financial Partners Corporation (NYSE: NFP) which posted a loss on the trading day of over 18% to lose over 5 points by the closing bell. Net income was higher than last year same time period but, earnings per share did not meet analysis expectations, creating the down hill slide. Its not totally out of the question for a rebound to take place, during up coming trading sessions. Jessica Bibliowicz, Chairman, President and Chief Executive Officer of NFP said, "We are pleased with the first quarter results. While improvement occurred across our business lines, revenue growth slowed in the latter portion of the first quarter as certain components of our business were impacted by broad economic and credit market conditions. We believe the scale and broad distribution reach of the NFP network and the alignment of principals and shareholders that is unique to our model will generate strong long-term growth. While short-term results may be volatile, we expect to achieve 'same store' revenue growth in the high single-digits over the long-term."

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) triple digit loss of 206.48 points on the day to end the session at 12,814.35

NYSE (New York Stock Exchange) triple digit loss of 171.51 points to end the session at 9,339.47

NASDAQ loss of 44.82 points for a close at 2,438.49

S&P 500 loss of 25.69 points for a close at 1,392.57

FTSE All-World ex-U.S. loss of 2.32 points to close at 252.94

FTSE RAFI 1000 triple digit loss of 112.86 points to close at 5,620.34

BEL 20 gain of 16.46 points to close at 3,906.61

CAC 40 gain of 34.39 points to close at 5,075.31

FTSE100 gain of 45.8 points to close at 6,261.0

NIKKEI 225 gain of 53.2 points to close at 14,102.50

News on the New York Stock Exchange (NYSE) today: advanced stocks 904; declined stocks 2,252; unchanged stocks 105; stocks hitting new highs 84; stocks hitting new lows 39.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Syniverse Holdings Incorporated (NYSE: SVR) gained 4.43 points on the trading day, high on the trading day $21.34, low on the trading day $18.93, for a closing price at $21.09;
Visa Incorporated (NYSE: V) gained 0.97 points on the trading day, high on the trading day $89.84, low on the trading day $87.66, for a closing price at $88.50;
Allergan Incorporated (NYSE: AGN) shed 1.77 points on the trading day, high on the trading day $56.90, low on the trading day $51.00, for a closing price at $52.55;
American International Group, Incorporated (NYSE: AIG) shed 3.32 points on the trading day, high on the trading day $48.45, low on the trading day $44.97, for a closing price at $45.08;
National Financial Partners Corporation (NYSE: NFP) shed 5.15 points on the trading day, high on the trading day $27.95, low on the trading day $21.81, for a closing price at $22.92;
Mosaic Corporation (NYSE: MOS) shed 2.83 points on the trading day, high on the trading day $129.88, low on the trading day $123.82, for a closing price at $124.65;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.07 points on the trading day, high on the trading day $204.02, low on the trading day $196.10, for a closing price at $198.77;
CME Group, Incorporated (NYSE: CME) shed 16.27 points on the trading day, high on the trading day $488.29, low on the trading day $468.72, for a closing price at $468.72;
Monsanto Corporation (NYSE: MON) shed 2.26 points on the trading day, high on the trading day $121.12, low on the trading day $116.52, for a closing price at $117.44;
Transocean, Incorporated (NYSE: RIG) shed 0.45 points on the trading day, high on the trading day $162.35, low on the trading day $156.24, for a closing price at $157.40;
Rio Tinto plc (NYSE: RTP) shed 21.77 points on the trading day, high on the trading day $501.76, low on the trading day $487.66, for a closing price at $490.67l;
Petroleo Brasileiro (NYSE: PBR) shed 3.54 points on the trading day, high on the trading day $131.49, low on the trading day $125.74, for a closing price at $126.75;
Mastercard Incorporated (NYSE: MA) shed 5.01 points on the trading day, high on the trading day $300.94, low on the trading day $291.01, for a closing price at $291.01.

News on the NASDAQ today: advanced stocks 838; declined stocks 2,077; unchanged stocks 114; stocks hitting new highs 38; stocks hitting new lows 103.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Synchronoss Technologies, Incorporated (NasdaqGS: SNCR) shed 9.86 points on the trading day, high on the trading day $13.88, low on the trading day $12.60, for a closing price at $13.04;
Millicom International Cellular SA (NasdaqGS: MICC) shed 5.07 points on the trading day, high on the trading day $118.86, low on the trading day $114.44, for a closing price at $115.23;
Exlservice Holdings, Incorporated (NasdaqGS: EXLS) shed 4.03 points on the trading day, high on the trading day $23.63, low on the trading day $20.52, for a closing price at $20.76;
Foster Wheeler, Limited (NasdaqGS: FWLT) shed 1.22 points on the trading day, high on the trading day $70.46, low on the trading day $63.99, for a closing price at $65.16;
Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) shed 3.54 points on the trading day, high on the trading day $31.57, low on the trading day $30.01, for a closing price at $30.21;
Genomic Health Inc (NasdaqGS: GHDX) shed 1.66 points on the trading day, high on the trading day $21.28, low on the trading day $18.57, for a closing price at $19.29;
F5 Networks Incorporated (NasdaqGS: FFIV) gained 1.19 points on the trading day, high on the trading day $26.80, low on the trading day $24.60, for a closing price at $25.95;
Kendle International Incorporated (NasdaqGS: KNDL) shed 2.13 points on the trading day, high on the trading day $41.00, low on the trading day $37.25, for a closing price at $40.58;
Celgene Corporation (NasdaqGS: CELG) shed 2.54 points on the trading day, high on the trading day $65.41, low on the trading day $62.50, for a closing price at $63.10;
Google Incorporated (NasdaqGS: GOOG) shed 7.36 points on the trading day, high on the trading day $599.49, low on the trading day $576.43, for a closing price at $579.00;
Perrigo Corporation (NasdaqGS: PRGO) shed 2.12 points on the trading day, high on the trading day $35.00, low on the trading day $32.80, for a closing price at $33.37;
First Solar, Incorporated (NasdaqGS: FSLR) shed 1.72 points on the trading day, high on the trading day $287.20, low on the trading day $275.23, for a closing price at $276.85;
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 11.29 points on the trading day, high on the trading day $382.90, low on the trading day $358.45, for a closing price at $358.13,

News on the American Stock Exchange (AMEX) today: advanced stocks 447; declined stocks 708; unchanged stocks 90; stocks hitting new highs 30; stocks hitting new lows 20.

Department Of Energy released Crude Oil and Gasoline data today: U.S. Crude Oil Stockpiles increased by 5.7 Million Barrels at 325.6 Million Barrels; U.S. Gasoline Stockpiles increased by 0.8 Million Barrels at 211.9 Million Barrels; U.S. Distillate Stockpiles -0.1 Million Barrels at 105.7 Million Barrels; U.S. Refineries Ran at 85.0% versus 85.4% a week ago; U.S. Crude Oil Stockpiles increased by 5.7 Million Barrels in the week compared to expectations of an increase by 1.4 Million Barrels; U.S. Gasoline Stockpiles increased by 800,000 Barrels in the week compared to expectations of a decrease by 400,000 Million Barrels; U.S. Distillate Stockpiles fell 100,000 Barrels in the week compared to expectations of an increase by 800,000; U.S. Refineries ran at 85.0% capacity compared to expectations of an increase by 0.4 points at 85.8%.

National Association of Realtors: U.S. Pending Home Sales Index fell 1.0% in March and U.S. March Pending Home Sales fell 20.1% from March 2007.

Comments from Federal Reserve Board Member Randall S. Kroszner: Fed sees Foreclosure Spike as 'Urgent Problem'; Foreclosures likely to have Risen Further in 1Q; Mortgage Market Continues to Face Challenges; Job Losses, Falling Prices Leading to Foreclosures; Housing Market's Impact on Communities a Concern; Foreclosures can Impact Job, Business Creation; Foreclosures can make it Harder to Attract Buyers.

U.S. 1Q Non-Farm Productivity increased by 2.2% compared to consensus of an increase by 1.7%; U.S. 1Q Unit Labor Costs increased by 2.2% compared to consensus of an increase by 2.8%; U.S. Productivity increased by 3.2% on the year resulting in highest since 2Q 2004.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $1.69 on the day to close at $123.53 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day to close at $3.45 a gallon ($US per gal.); Natural Gas (NYM) gained $0.18 on the day to close at $11.33 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.01 on the day to close at $3.12 a gallon ($US per gal.).

Metals Markets: Gold (CMX) shed $6.70 to close at $871.00 ($US per Troy oz.); Silver (CMX) shed $0.15 to close at $16.71 ($US per Troy oz.); Platinum (NYM) shed $0.80 to close at $1,969.00 ($US per Troy oz.) and Copper (CMX) shed $0.04 to close at $3.83 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.53 to close at 75.28; Pork Bellies (CME) gained 0.28 to close at 76.78; Live Cattle (CME) closed at 91.83; Feeder Cattle (CME) gained 0.08 to close at 108.28.

Other Commodities (cents per bu.): Corn (CBT) gained 6.75 to close the session at 613.00 and Soybeans (CBT) gained 32.00 to close the session at 1,309.00.

Bonds were higher across the board today: 2 year bond gained 4/32 to close at 99 20/32 with a Yield of 2.30, Yield Change -0.08; 5 year bond gained 13/32 to close at 100 6/32 with a Yield of 3.84, Yield Change -0.08; 10 year bond gained 18/32 to close at 97 5/32 with a Yield of 3.84, Yield Change -0.08; the 30 year bond gained 30/32 to close at 96 10/32 on the day with a Yield of 4.60, Yield Change -0.06.

The e-mini Dow $5 ended the commodity session today at 12,815 with a loss of 213 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

To view additional Daily Market Commentary's Click Here
http://www.millennium-traders.com/news/newscommentary.aspx

Forum: Market Commentary

Genomic Health

Jeannie — Wed, 07 May 2008 21:39:54 GMT

Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:

Synchronoss Technologies, Incorporated (NasdaqGS: SNCR) shed 9.86 points on the trading day, high on the trading day $13.88, low on the trading day $12.60, for a closing price at $13.04

Millicom International Cellular SA (NasdaqGS: MICC) shed 5.07 points on the trading day, high on the trading day $118.86, low on the trading day $114.44, for a closing price at $115.23

Exlservice Holdings, Incorporated (NasdaqGS: EXLS) shed 4.03 points on the trading day, high on the trading day $23.63, low on the trading day $20.52, for a closing price at $20.76

Foster Wheeler, Limited (NasdaqGS: FWLT) shed 1.22 points on the trading day, high on the trading day $70.46, low on the trading day $63.99, for a closing price at $65.16

Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) shed 3.54 points on the trading day, high on the trading day $31.57, low on the trading day $30.01, for a closing price at $30.21

Genomic Health Inc (NasdaqGS: GHDX) shed 1.66 points on the trading day, high on the trading day $21.28, low on the trading day $18.57, for a closing price at $19.29

F5 Networks Incorporated (NasdaqGS: FFIV) gained 1.19 points on the trading day, high on the trading day $26.80, low on the trading day $24.60, for a closing price at $25.95

Kendle International Incorporated (NasdaqGS: KNDL) shed 2.13 points on the trading day, high on the trading day $41.00, low on the trading day $37.25, for a closing price at $40.58

Celgene Corporation (NasdaqGS: CELG) shed 2.54 points on the trading day, high on the trading day $65.41, low on the trading day $62.50, for a closing price at $63.10

Google Incorporated (NasdaqGS: GOOG) shed 7.36 points on the trading day, high on the trading day $599.49, low on the trading day $576.43, for a closing price at $579.00

Perrigo Corporation (NasdaqGS: PRGO) shed 2.12 points on the trading day, high on the trading day $35.00, low on the trading day $32.80, for a closing price at $33.37

First Solar, Incorporated (NasdaqGS: FSLR) shed 1.72 points on the trading day, high on the trading day $287.20, low on the trading day $275.23, for a closing price at $276.85

Baidu.com, Incorporated (NasdaqGS: BIDU) shed 11.29 points on the trading day, high on the trading day $382.90, low on the trading day $358.45, for a closing price at $358.13

Forum: Hot Stock Picks

Mosaic Company

Jeannie — Wed, 07 May 2008 21:37:05 GMT

Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:

Syniverse Holdings Incorporated (NYSE: SVR) gained 4.43 points on the trading day, high on the trading day $21.34, low on the trading day $18.93, for a closing price at $21.09

Visa Incorporated (NYSE: V) gained 0.97 points on the trading day, high on the trading day $89.84, low on the trading day $87.66, for a closing price at $88.50

Allergan Incorporated (NYSE: AGN) shed 1.77 points on the trading day, high on the trading day $56.90, low on the trading day $51.00, for a closing price at $52.55

American International Group, Incorporated (NYSE: AIG) shed 3.32 points on the trading day, high on the trading day $48.45, low on the trading day $44.97, for a closing price at $45.08

National Financial Partners Corporation (NYSE: NFP) shed 5.15 points on the trading day, high on the trading day $27.95, low on the trading day $21.81, for a closing price at $22.92

Mosaic Corporation (NYSE: MOS) shed 2.83 points on the trading day, high on the trading day $129.88, low on the trading day $123.82, for a closing price at $124.65

Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 0.07 points on the trading day, high on the trading day $204.02, low on the trading day $196.10, for a closing price at $198.77
;
CME Group, Incorporated (NYSE: CME) shed 16.27 points on the trading day, high on the trading day $488.29, low on the trading day $468.72, for a closing price at $468.72

Monsanto Corporation (NYSE: MON) shed 2.26 points on the trading day, high on the trading day $121.12, low on the trading day $116.52, for a closing price at $117.44

Transocean, Incorporated (NYSE: RIG) shed 0.45 points on the trading day, high on the trading day $162.35, low on the trading day $156.24, for a closing price at $157.40

Rio Tinto plc (NYSE: RTP) shed 21.77 points on the trading day, high on the trading day $501.76, low on the trading day $487.66, for a closing price at $490.67l

Petroleo Brasileiro (NYSE: PBR) shed 3.54 points on the trading day, high on the trading day $131.49, low on the trading day $125.74, for a closing price at $126.75

Mastercard Incorporated (NYSE: MA) shed 5.01 points on the trading day, high on the trading day $300.94, low on the trading day $291.01, for a closing price at $291.01

Forum: Hot Stock Picks

Major World Indices

Barry — Wed, 07 May 2008 01:29:26 GMT

Daily Market Commentary for May 6, 2008

Markets provided a show for the Bears and the Bulls during the trading session. Prior to the lunchtime hour, major indices were lower across the board. As the afternoon crowd came back to the markets, the rebound of session lows began to take effect with across the board gains, into the close of the session. Fannie Mae reported a loss today of $2.19 Billion but, was able to tack on over 2 1/2 points by the closing bell. Cisco reported better than expected revenues after the closing bell today which may provide a set up for a positive market opening, tomorrow morning. Major indices closed the day near their session highs. Crude oil continued its romp into higher territory and surpassed the high $122 range a barrel today. Once again, consumers will need to learn how to dig even deeper in their wallets for their next trip to the gas pump.

Todays top stock pick for the trading session is Airgas Inc. (NYSE: ARG) which provided a nice surge higher today from recent basically flat-lined trading activity. Airgas blew by its former 52 week high to set another new yearly high, today. Earnings reported today set the surge in motion after announcing an increase by 47 percent compared to earnings a year ago. Revenue increased by 27 percent to $1.1 Billion for the quarter. Net income for the year was reported at $223 Million compared to $154 Million last year. Annual revenue was $4 Billion compared to $3.2 Billion a year ago. Airgas ended the trading session with a gain of 7.50 points.

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) gain of 51.86 points on the day to end the session at 13,020.83

NYSE (New York Stock Exchange) gain of 72.88 points to end the session at 9,510.98

NASDAQ gain of 19.19 points for a close at 2,483.31

S&P 500 gain of 10.77 points for a close at 1,418.26

FTSE All-World ex-U.S. gain of 0.76 points to close at 255.20

FTSE RAFI 1000 gain of 44.43 points to close at 5,737.34

BEL 20 loss of 53.59 points to close at 3,890.15

CAC 40 loss of 22.44 points to close at 5,040.92

FTSE100 loss of 0.3 points to close at 6,215.20

NIKKEI 225 unchanged at 14,049.30

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,940; declined stocks 1,203; unchanged stocks 105; stocks hitting new highs 96; stocks hitting new lows 32.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Fannie Mae (NYSE: FNM) gained 2.52 points on the trading day, high on the trading day $31.23, low on the trading day $26.24, for a closing price at $30.81;
CF Industries Holdings, Incorporated (NYSE: CF) gained 4.06 points on the trading day, high on the trading day $139.66, low on the trading day $133.50, for a closing price at $138.81;
Mosaic Corporation (NYSE: MOS) gained 2.69 points on the trading day, high on the trading day $129.40, low on the trading day $123.96, for a closing price at $127.48;
Anadarko Petroleum Corporation (NYSE: APC) gained 6.39 points on the trading day, high on the trading day $75.87, low on the trading day $73.01, for a closing price at $74.53;
Transocean, Incorporated (NYSE: RIG) gained 3.98 points on the trading day, high on the trading day $158.46, low on the trading day $154.55, for a closing price at $157.85;
The Scotts Miracle-Gro Corporation (NYSE: SMG) shed 3.61 points on the trading day, high on the trading day $31.48, low on the trading day $29.51, for a closing price at $30.43;
Airgas Incorporated (NYSE: ARG) gained 7.50 points on the trading day, high on the trading day $57.20, low on the trading day $53.24, for a closing price at $56.60;
Las Vegas Sands Corporation (NYSE: LVS) gained 1.60 points on the trading day, high on the trading day $75.33, low on the trading day $71.32, for a closing price at $74.60;
Mastercard Incorporated (NYSE: MA) gained 5.22 points on the trading day, high on the trading day $301.43, low on the trading day $289.05, for a closing price at $296.02;
Petroleo Brasileiro (NYSE: PBR) gained 3.75 points on the trading day, high on the trading day $130.31, low on the trading day $126.61, for a closing price at $130.29;
Copa Holdings SA (NYSE: CPA) shed 2.29 points on the trading day, high on the trading day $41.72, low on the trading day $38.80, for a closing price at $39.59;
Aegean Marine Petroleum Network Incorporated (NYSE: ANW) shed 1.27 points on the trading day, high on the trading day $40.48, low on the trading day $37.43, for a closing price at $38.50;
Precision Castparts Corporation (NYSE: PCP) gained 8.20 points on the trading day, high on the trading day $131.38, low on the trading day $116.50, for a closing price at $128.20;
Legg Mason Incorporated (NYSE: LM) shed 6.46 points on the trading day, high on the trading day $60.05, low on the trading day $56.30, for a closing price at $56.30;
Rio Tinto plc (NYSE: RTP) gained 8.84 points on the trading day, high on the trading day $517.91, low on the trading day $491.77, for a closing price at $512.44;
Cleveland-Cliffs Incorporated (NYSE: CLF) gained 8.73 points on the trading day, high on the trading day $178.96, low on the trading day $162.50, for a closing price at $175.95;
Monsanto Corporation (NYSE: MON) gained 1.79 points on the trading day, high on the trading day $120.75, low on the trading day $117.47, for a closing price at $119.70;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 4.81 points on the trading day, high on the trading day $201.79, low on the trading day $193.18, for a closing price at $198.70;
CME Group, Incorporated (NYSE: CME) shed 4.36 points on the trading day, high on the trading day $488.75, low on the trading day $476.27, for a closing price at $484.99.

News on the NASDAQ today: advanced stocks 1,693; declined stocks 1,242; unchanged stocks 150; stocks hitting new highs 44; stocks hitting new lows 81.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Sears Holdings Corporation (NasdaqGS: SHLD) shed 4.57 points on the trading day, high on the trading day $99.00, low on the trading day $94.55, for a closing price at $95.51;
Perrigo Corporation (NasdaqGS: PRGO) shed 6.82 points on the trading day, high on the trading day $38.74, low on the trading day $35.19, for a closing price at $35.49;
Sigma Designs Incorporated (NasdaqGS: SIGM) gained 2.22 points on the trading day, high on the trading day $23.25, low on the trading day $19.82, for a closing price at $22.47;
Leap Wireless International Incorporated (NasdaqGS: LEAP) shed 3.43 points on the trading day, high on the trading day $54.66, low on the trading day $50.68, for a closing price at $51.61;
Sciele Pharma Incorporated (NasdaqGS: SCRX) shed 1.54 points on the trading day, high on the trading day $21.77, low on the trading day $19.72, for a closing price at $20.21;
Healthways Incorporated (NasdaqGS: HWAY) shed 1.55 points on the trading day, high on the trading day $33.25, low on the trading day $30.71, for a closing price at $31.19;
First Solar, Incorporated (NasdaqGS: FSLR) gained 9.75 points on the trading day, high on the trading day $284.30, low on the trading day $266.24, for a closing price at $278.57;
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 3.43 points on the trading day, high on the trading day $374.73, low on the trading day $365.39, for a closing price at $370.42.

News on the American Stock Exchange (AMEX) today: advanced stocks 715; declined stocks 471; unchanged stocks 101; stocks hitting new highs 36; stocks hitting new lows 30.

Energy Information Administration (EIA) comments today: 2008 U.S. diesel prices to be 37% higher than 2007; 2008 U.S. oil use of 20.51 Million B/D would be lowest since 2003; expected 2008 U.S. oil use drop would be most since 1991; 2008 U.S. oil use seen falling 190,000 B/D versus year 2007; WTI crude to average more than $112 per Barrel in 2Q, 3Q, 4Q; 2008 WTI crude oil price forecast revised up 9%; $3.71/Gallon U.S. gasoline price in 3q, increased 30% from year before; U.S. gasoline to average $3.52/Gallon in 2008; global oil balance tight for remainder of 2008; revises 2008 U.S. gasoline price outlook increased 5%; global oil supply near capacity, vulnerable to snags; More OPEC, non-OPEC oil would ease market by early 2009; U.S. gasoline price to peak at $3.73/Gallon in June; U.S. gasoline price to average $3.66/Gallon in summer; China 2008 oil use seen at 8 Million B/D, increased 5.5% on year ago; 2008 global oil seen increasing by 1.2 Million B/D, Despite OECD dip; global demand drives $3.94/gallon average 2008 U.S. diesel price; OECD oil inventories seen near norms for rest of year; EIA in April expected 2008 U.S. oil use to fall 90,000 B/D; with ethanol rise, U.S. 2008 oil use seen down 330,000 B/D.

With Ethanol Rise, U.S. 2008 oil use seen down 330,000 B/D; 2008 U.S. diesel prices to be 37% higher than 2007; China 2008 oil use seen at 8 Million B/D, increased 5.5% on year ago; 2008 global oil seen increasing by 1.2 Million B/D, despite OECD dip; 2008 U.S. oil use of 20.51 Million B/D would be lowest since 2003; expected 2008 U.S. oil use drop would be most since 1991.

Commodities Markets
Energy Sector:Light Crude (NYM) gained $1.87 on the day to close at $121.84 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.05 on the day to close at $3.35 a gallon ($US per gal.); Natural Gas (NYM) shed $0.03 on the day to close at $11.15 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.05 on the day to close at $3.11 a gallon ($US per gal.).

Metals Markets:Gold (CMX) gained $3.60 to close at $877.70 ($US per Troy oz.); Silver (CMX) gained $0.03 to close at $16.86 ($US per Troy oz.); Platinum (NYM) gained $42.40 to close at $1,969.80 ($US per Troy oz.) and Copper (CMX) shed $0.07 to close at $3.88 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.55 to close at 74.75; Pork Bellies (CME) gained 1.65 to close at 76.50; Live Cattle (CME) gained 0.63 to close at 91.83; Feeder Cattle (CME) shed 0.05 to close at 108.20.

Other Commodities (cents per bu.):Corn (CBT) gained 12.25 to close the session at 606.25 and Soybeans (CBT) shed 9.00 to close the session at 1,277.00.

Bonds were higher across the board today: 2 year bond gained 3/32 to close at 99 16/32 with a Yield of 2.37, Yield Change -0.05; 5 year bond gained 1/32 to close at 99 28/32 with a Yield of 3.14, Yield Change -0.01; 10 year bond gained 2/32 closed at 97 2/32 with a Yield of 3.90, Yield Change +0.04; the 30 year bond shed 19/32 to close at 95 22/32 on the day with a Yield of 4.64, Yield Change +0.04.

The e-mini Dow $5 ended the commodity session today at 13,015 with a gain of 48 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

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Forum: Market Commentary

Perrigo

Jeannie — Tue, 06 May 2008 21:48:27 GMT

Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:

Sears Holdings Corporation (NasdaqGS: SHLD) shed 4.57 points on the trading day, high on the trading day $99.00, low on the trading day $94.55, for a closing price at $95.51

Perrigo Corporation (NasdaqGS: PRGO) shed 6.82 points on the trading day, high on the trading day $38.74, low on the trading day $35.19, for a closing price at $35.49

Sigma Designs Incorporated (NasdaqGS: SIGM) gained 2.22 points on the trading day, high on the trading day $23.25, low on the trading day $19.82, for a closing price at $22.47

Leap Wireless International Incorporated (NasdaqGS: LEAP) shed 3.43 points on the trading day, high on the trading day $54.66, low on the trading day $50.68, for a closing price at $51.61

Sciele Pharma Incorporated (NasdaqGS: SCRX) shed 1.54 points on the trading day, high on the trading day $21.77, low on the trading day $19.72, for a closing price at $20.21

Healthways Incorporated (NasdaqGS: HWAY) shed 1.55 points on the trading day, high on the trading day $33.25, low on the trading day $30.71, for a closing price at $31.19

First Solar, Incorporated (NasdaqGS: FSLR) gained 9.75 points on the trading day, high on the trading day $284.30, low on the trading day $266.24, for a closing price at $278.57

Baidu.com, Incorporated (NasdaqGS: BIDU) shed 3.43 points on the trading day, high on the trading day $374.73, low on the trading day $365.39, for a closing price at $370.42

Forum: Hot Stock Picks

Airgas

Jeannie — Tue, 06 May 2008 21:46:15 GMT

Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:

Fannie Mae (NYSE: FNM) gained 2.52 points on the trading day, high on the trading day $31.23, low on the trading day $26.24, for a closing price at $30.81

CF Industries Holdings, Incorporated (NYSE: CF) gained 4.06 points on the trading day, high on the trading day $139.66, low on the trading day $133.50, for a closing price at $138.81

Mosaic Corporation (NYSE: MOS) gained 2.69 points on the trading day, high on the trading day $129.40, low on the trading day $123.96, for a closing price at $127.48

Anadarko Petroleum Corporation (NYSE: APC) gained 6.39 points on the trading day, high on the trading day $75.87, low on the trading day $73.01, for a closing price at $74.53

Transocean, Incorporated (NYSE: RIG) gained 3.98 points on the trading day, high on the trading day $158.46, low on the trading day $154.55, for a closing price at $157.85

The Scotts Miracle-Gro Corporation (NYSE: SMG) shed 3.61 points on the trading day, high on the trading day $31.48, low on the trading day $29.51, for a closing price at $30.43

Airgas Incorporated (NYSE: ARG) gained 7.50 points on the trading day, high on the trading day $57.20, low on the trading day $53.24, for a closing price at $56.60

Las Vegas Sands Corporation (NYSE: LVS) gained 1.60 points on the trading day, high on the trading day $75.33, low on the trading day $71.32, for a closing price at $74.60

Mastercard Incorporated (NYSE: MA) gained 5.22 points on the trading day, high on the trading day $301.43, low on the trading day $289.05, for a closing price at $296.02

Petroleo Brasileiro (NYSE: PBR) gained 3.75 points on the trading day, high on the trading day $130.31, low on the trading day $126.61, for a closing price at $130.29

Copa Holdings SA (NYSE: CPA) shed 2.29 points on the trading day, high on the trading day $41.72, low on the trading day $38.80, for a closing price at $39.59

Aegean Marine Petroleum Network Incorporated (NYSE: ANW) shed 1.27 points on the trading day, high on the trading day $40.48, low on the trading day $37.43, for a closing price at $38.50

Precision Castparts Corporation (NYSE: PCP) gained 8.20 points on the trading day, high on the trading day $131.38, low on the trading day $116.50, for a closing price at $128.20

Legg Mason Incorporated (NYSE: LM) shed 6.46 points on the trading day, high on the trading day $60.05, low on the trading day $56.30, for a closing price at $56.30

Rio Tinto plc (NYSE: RTP) gained 8.84 points on the trading day, high on the trading day $517.91, low on the trading day $491.77, for a closing price at $512.44

Cleveland-Cliffs Incorporated (NYSE: CLF) gained 8.73 points on the trading day, high on the trading day $178.96, low on the trading day $162.50, for a closing price at $175.95

Monsanto Corporation (NYSE: MON) gained 1.79 points on the trading day, high on the trading day $120.75, low on the trading day $117.47, for a closing price at $119.70

Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 4.81 points on the trading day, high on the trading day $201.79, low on the trading day $193.18, for a closing price at $198.70

CME Group, Incorporated (NYSE: CME) shed 4.36 points on the trading day, high on the trading day $488.75, low on the trading day $476.27, for a closing price at $484.99

Forum: Hot Stock Picks

Rumor Mill

Barry — Mon, 05 May 2008 21:43:06 GMT

Daily Market Commentary for May 5, 2008

Trading ranges were snug today amidst light to moderate trading volume with major indices holding in the red zone, throughout the trading session. Energy prices continue to ramp higher, hitting consumers that much harder in the pocket. Natural Gas continues to set new record highs with a year to date change of an increase by almost, 50%. Negative market tone was partially attributed to what else but, the soaring cost of Crude Oil which surged higher for another new record high of over $120 a barrel. In addition, financial sector may be on shaky ground again with speculation circulating that Bank of America (BAC) may withdraw or reduce its recent offer for Countrywide Financial (CFC).

Todays top stock pick for the trading session is Yahoo! Incorporated (NasdaqGS: YHOO) which was talk of the street not only today but also, throughout the past weekend. Microsoft (MSFT) raised its bid for the search engine however, Yahoo continues to maintain their stance of a requesting a higher price causing Microsoft to withdraw its interest due to the inability for the two companies to come to terms. Yahoo ended the day lower by over 4 points and Microsoft was lower by less than a quarter point at the closing bell. Rumor mill has it that Yahoo shareholders may initiate a lawsuit since the price offered by Microsoft, was appealing to them.

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) loss 89.23 points on the day to end the session at 12,968.97

NYSE (New York Stock Exchange) loss of 13.07 points to end the session at 9,438.10

NASDAQ loss of 12.87 points for a close at 2,464.12

S&P 500 loss of 6.41 points for a close at 1,407.49

FTSE All-World ex-U.S. gain of 0.15 points to close at 254.32

FTSE RAFI 1000 loss of 37.42 points to close at 5,694.10

BEL 20 loss of 2.6 points to close at 3,943.74

CAC 40 loss of 6.35 points to close at 5,063.36

FTSE100 unchanged at 6,215.50

NIKKEI 225 unchanged at 14,049.30

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,336; declined stocks 1,799; unchanged stocks 107; stocks hitting new highs 39; stocks hitting new lows 25.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Walter Industries Incorporated (NYSE: WLT) gained 8.63 points on the trading day, high on the trading day $83.99, low on the trading day $75.00, for a closing price at $81.58;
Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 7.28 points on the trading day, high on the trading day $193.96, low on the trading day $187.75, for a closing price at $193.89;
Freeport-McMoRan Copper & Gold Incorporated (NYSE: FCX) gained 5.76 points on the trading day, high on the trading day $116.74, low on the trading day $114.00, for a closing price at $115.99;
XL Capital Limited (NYSE: XL) shed 3.21 points on the trading day, high on the trading day $37.34, low on the trading day $34.40, for a closing price at $34.57;
CME Group, Incorporated (NYSE: CME) gained 1.96 points on the trading day, high on the trading day $499.52, low on the trading day $485.04, for a closing price at $489.35;
Fluor Corporation (NYSE: FLR) gained 5.17 points on the trading day, high on the trading day $158.81, low on the trading day $152.82, for a closing price at $157.99;
ResMed Incorporated (NYSE: RMD) shed 1.50 points on the trading day, high on the trading day $41.40, low on the trading day $39.60, for a closing price at $40.00;
ITT Educational Services Incorporated (NYSE: ESI) shed 3.05 points on the trading day, high on the trading day $76.85, low on the trading day $72.08, for a closing price at $73.33;
Tidewater Incorporated (NYSE: TDW) shed 6.44 points on the trading day, high on the trading day $62.78, low on the trading day $57.08, for a closing price at $58.55;
Monsanto Corporation (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $118.12, low on the trading day $115.40, for a closing price at $117.91;
AGCO Corporation (NYSE: AG) shed 3.61 points on the trading day, high on the trading day $59.61, low on the trading day $54.68, for a closing price at $55.57;
InterContinental Exchange, Incorporated (NYSE: ICE) gained 1.44 points on the trading day, high on the trading day $164.00, low on the trading day $159.01, for a closing price at $162.56;
Hewitt Associates Incorporated (NYSE: HEW) shed 4.48 points on the trading day, high on the trading day $41.27, low on the trading day $37.32, for a closing price at $37.42;
Cleveland-Cliffs Incorporated (NYSE: CLF) gained 9.63 points on the trading day, high on the trading day $168.63, low on the trading day $157.99, for a closing price at $167.22;
Continental Resources Incorporated (NYSE: CLR) gained 7.14 points on the trading day, high on the trading day $52.15, low on the trading day $46.50, for a closing price at $50.97.

News on the NASDAQ today: advanced stocks 1,241; declined stocks 1,637; unchanged stocks 161; stocks hitting new highs 42; stocks hitting new lows 78.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Zoltek Companies Incorporated (NasdaqGS: ZOLT) shed 2.37 points on the trading day, high on the trading day $28.69, low on the trading day $20.14, for a closing price at $25.20;
iPCS Incorporated (NasdaqGS: IPCS) shed 4.27 points on the trading day, high on the trading day $32.27, low on the trading day $26.82, for a closing price at $27.59;
Blue Nile Incorporated (NasdaqGS: NILE) shed 5.42 points on the trading day, high on the trading day $53.85, low on the trading day $47.76, for a closing price at $47.76;
Yahoo! Incorporated (NasdaqGS: YHOO) shed 4.30 points on the trading day, high on the trading day $24.93, low on the trading day $22.97, for a closing price at $24.37;
HMS Holdings Corporation (NasdaqGS: HMSY) shed 6.11 points on the trading day, high on the trading day $26.43, low on the trading day $18.23, for a closing price at $20.06;
Baidu.com, Incorporated (NasdaqGS: BIDU) gained 12.35 points on the trading day, high on the trading day $378.11, low on the trading day $361.01, for a closing price at $373.85;
Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 4.72 points on the trading day, high on the trading day $297.70, low on the trading day $288.00, for a closing price at $294.75;
Apple Incorporated (NasdaqGS: AAPL) gained 3.79 points on the trading day, high on the trading day $185.31, low on the trading day $181.05, for a closing price at $184.73;
Mercadolibre, Incorporated (NasdaqGS: MELI) gained 6.01 points on the trading day, high on the trading day $56.78, low on the trading day $50.23, for a closing price at $56.00;
Research In Motion Limited (NasdaqGS: RIMM) gained 1.26 points on the trading day, high on the trading day $135.85, low on the trading day $131.73, for a closing price at $133.18;
Google Incorporated (NasdaqGS: GOOG) gained 13.91 points on the trading day, high on the trading day $599.00, low on the trading day $587.13, for a closing price at $594.90;
First Solar, Incorporated (NasdaqGS: FSLR) shed 7.42 points on the trading day, high on the trading day $274.94, low on the trading day $262.16, for a closing price at $268.82;
Dynamic Materials Corporation (NasdaqGS: BOOM) shed 2.18 points on the trading day, high on the trading day $36.39, low on the trading day $34.04, for a closing price at $34.20.

News on the American Stock Exchange (AMEX) today: advanced stocks 506; declined stocks 628; unchanged stocks 102; stocks hitting new highs 20; stocks hitting new lows 21.

U.S. Institute for Supply Management (ISM) April Non-Manufacturing New Orders Index came in at 50.1 versus March reading at 50.2; U.S. ISM Apr Non-Manufacturing Prices Index came in at 72.1 versus March reading at 70.8; U.S. ISM Apr Non-Manufacturing Employment Index came in at 50.8 versus March reading at 46.9; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9 versus March reading at 52.2; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0 versus March reading at 49.6; U.S. ISM Apr Non-Manufacturing Business Index came in at 50.9; U.S. ISM Apr Non-Manufacturing Composite Index expected to come in at 49.8; U.S. ISM Apr Non-Manufacturing Composite Index came in at 52.0.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $3.65 on the day to close at $119.97 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.09 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.40 on the day to close at $11.18 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.09 on the day to close at $3.05 a gallon ($US per gal.).

Metals Markets: Gold (CMX) gained $16.20 to close at $874.20 ($US per Troy oz.); Silver (CMX) gained $0.37 to close at $16.83 ($US per Troy oz.); Platinum (NYM) gained $19.20 to close at $1,927.40 ($US per Troy oz.) and Copper (CMX) gained $0.13 to close at $3.95 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.25 to close at 73.20; Pork Bellies (CME) gained 0.15 to close at 74.85; Live Cattle (CME) shed 0.93 to close at 91.20; Feeder Cattle (CME) gained 0.10 to close at 108.25.

Other Commodities (cents per bu.): Corn (CBT) shed 3.75 to close the session at 594.00 and Soybeans (CBT) gained 33.50 to close the session at 1,286.00.

Bonds were higher across the board today: 2 year bond gained 2/32 to close at 99 13/32 with a Yield of 2.42, Yield Change -0.04; 5 year bond gained 3/32 to close at 99 27/32 with a Yield of 3.15, Yield Change -0.02; 10 year bond closed at 97 3/32 with a Yield of 3.85, Yield Change 0.00; the 30 year bond shed 6/32 to close at 96 16/32 on the day with a Yield of 4.59, Yield Change +0.02.

The e-mini Dow $5 ended the commodity session today at 12,953 with a loss of 107 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

To view additional Daily Market Commentary's Click Here
http://www.millennium-traders.com/news/newscommentary.aspx

Forum: Market Commentary

Walter Industries

Jeannie — Mon, 05 May 2008 21:32:07 GMT

Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:

Walter Industries Incorporated (NYSE: WLT) gained 8.63 points on the trading day, high on the trading day $83.99, low on the trading day $75.00, for a closing price at $81.58

Potash Corp. of Saskatchewan, Incorporated (NYSE: POT) gained 7.28 points on the trading day, high on the trading day $193.96, low on the trading day $187.75, for a closing price at $193.89

Freeport-McMoRan Copper & Gold Incorporated (NYSE: FCX) gained 5.76 points on the trading day, high on the trading day $116.74, low on the trading day $114.00, for a closing price at $115.99

XL Capital Limited (NYSE: XL) shed 3.21 points on the trading day, high on the trading day $37.34, low on the trading day $34.40, for a closing price at $34.57

CME Group, Incorporated (NYSE: CME) gained 1.96 points on the trading day, high on the trading day $499.52, low on the trading day $485.04, for a closing price at $489.35

Fluor Corporation (NYSE: FLR) gained 5.17 points on the trading day, high on the trading day $158.81, low on the trading day $152.82, for a closing price at $157.99

ResMed Incorporated (NYSE: RMD) shed 1.50 points on the trading day, high on the trading day $41.40, low on the trading day $39.60, for a closing price at $40.00

ITT Educational Services Incorporated (NYSE: ESI) shed 3.05 points on the trading day, high on the trading day $76.85, low on the trading day $72.08, for a closing price at $73.33

Tidewater Incorporated (NYSE: TDW) shed 6.44 points on the trading day, high on the trading day $62.78, low on the trading day $57.08, for a closing price at $58.55

Monsanto Corporation (NYSE: MON) gained 2.69 points on the trading day, high on the trading day $118.12, low on the trading day $115.40, for a closing price at $117.91

AGCO Corporation (NYSE: AG) shed 3.61 points on the trading day, high on the trading day $59.61, low on the trading day $54.68, for a closing price at $55.57

InterContinental Exchange, Incorporated (NYSE: ICE) gained 1.44 points on the trading day, high on the trading day $164.00, low on the trading day $159.01, for a closing price at $162.56

Hewitt Associates Incorporated (NYSE: HEW) shed 4.48 points on the trading day, high on the trading day $41.27, low on the trading day $37.32, for a closing price at $37.42

Cleveland-Cliffs Incorporated (NYSE: CLF) gained 9.63 points on the trading day, high on the trading day $168.63, low on the trading day $157.99, for a closing price at $167.22

Continental Resources Incorporated (NYSE: CLR) gained 7.14 points on the trading day, high on the trading day $52.15, low on the trading day $46.50, for a closing price at $50.9

Forum: Hot Stock Picks