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Agenda for this Evening

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Agenda for this Evening

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  1. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION DISCUSSED DURING HAWKTRADE MEETINGS.  Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any financial instruments does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. There are no absolute guarantees in investing. HAWKTRADE and its members do not bear any responsibility for losses or gains made by members trading on their personal accounts based on analysis from HAWKTRADE meetings.

  2. Agenda for this Evening • Earnings Results Analysis • Stocks slide after earnings • Bank of America • Market topping out? • Next week earnings

  3. One Week Performance: S&P 500 +0.61%

  4. One Week Performance: S&P 500 vsDOWvsRussell 2000 S&P 500: +0.61% Dow: +0.69% Russell 2K: +0.05%

  5. Earnings so far… • 134 companies have reported • 109 companies have beat expectations

  6. Last Week’s Earning Results

  7. Last Week’s Earning Results

  8. Airtime: Tues. Oct. 19 2010 | 10:00 AM ET Stocks Slide after Earnings

  9. Video Summary • China raises interest rates • Dollar increased • Commodities Drop • Peter Costa: “I’m getting out, the markets don’t have a lot of legs on the upside”

  10. Bank of America Being Sued • Being Sued by: • BlackRock • New York Federal Reserve • PIMCO • Companies want B of A to buy back over $47 billion in mortgages • B of A plans to fight the case • For further Information visit: http://www.cnbc.com/id/15840232?video=1619466644&play=1

  11. Airtime: Thurs. Oct. 21 2010 | 11:31 AM ET Market Topping Out

  12. Video Summary • B of A continues to underperform • Small regional banks underperforming shows financials have greater problems • The more commercial real-estate exposure, the worse position they are • Gold trade is crowded and is peaking

  13. Video Summary • Companies Mentioned • Jefferies (JEF) • Caterpillar (CAT) • Freeport MacMoRan (FCX)

  14. Jefferies (JEF) • Can be thought of as a “mini” Goldman Sacs • Looking for more exposure to the US • Possible takeover target

  15. Ticker Symbols for earnings reports

  16. Ticker Symbols for earnings reports

  17. Phrases of the Week: “Where there’s smoke, there’s fire” • Small signs often signal larger underlying problems or potential • Euro Debt Crisis • Mortgage Mess • M&A Speculation

  18. 6 Month Performance:UBSvsBank of America

  19. G20 • http://www.bloomberg.com/news/2010-10-22/g-20-to-pledge-to-refrain-from-currency-devaluations-as-sought-by-geithner.html

  20. Random Company • Corrections Corporation of America (CXW) • During elections, few inmates are sent to prison. After elections, increase flows of inmates are sent to prison • Has competitive advantage over other two main private prison companies • Can operate at a 15% less than the fed http://www.correctionscorp.com/

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