stocks for week of oct 15 to 19, 2007

October 19th marks the 20 year anniversary of 1987's "Black Monday".

• S&P has lost 3.7% since record close on October 9


• Dow has lost 4.2% since record close on October 9


• S&P 500 down for fourth time in 5 sessions (trading days)


• Dow's current losing streak is longest in over two months


• Stocks for today have worst weekly performance (overall drop) since late July


• QID (an EFT that trades at the inverse of the daily performance of the NASDAQ-100 index) is up 4.90% for the day.

My Watchlist:

• SanDisk got hit hard today: Close= $42.71 Loss= -$7.60 Percentage Loss= -15.11%
  
  Shares of Sandisk Corp. dropped Friday after the flash memory drive maker said third-quarter profit fell 18 percent as a result of acquisition charges.


• CSCO : down -3.61 %


• ORCL


• QQQQ


• MRVL


• NVDA : down -5.37 % , but still UP for the week (+5% since Monday, was up almost 10% yesterday)


• SPY  : down -2.62 %


• EMC :


• AAPL

 

mover notes (from business week.com)

3M Co. (MMM) posts third quarter EPS of $1.32, vs. $1.18 a year ago, on 5.4% sales rise. It raises $5.40-$5.60 2007 EPS guidance to $5.54-$5.62, which includes estimated full year 2007 net gain of $0.60-$0.65 per share, due to special items.

Honeywell International (HON) posts third quarter EPS of $0.81, vs. $0.66 a year ago, on 9.8% sales rise. It raises 2007 sales guidance by $300 million to $34.2 billion, EPS guidance to $3.14-$3.16, free cash flow to $3.0 billion.

Advanced Micro Devices (AMD) posts $0.71 third quarter loss per share, vs. $0.27 EPS a year ago, as narrowed year-over-year gross margin, higher R&D and acquisitions costs offset 23% revenue rise. S&P reiterates hold.

Google (GOOG) reports third quarter EPS (GAAP basis) of $3.38, vs. $2.36 a year ago. Excluding one-time items, EPS was $3.91. Revenue rose 57% to $4.23 billion. The report was better than analysts expected.

SanDisk (SNDK) posts third quarter EPS (non-GAAP) of $0.54, vs. $0.61 a year ago, despite a 38% revenue. rise. It says prices will likely decline "moderately more" in the fourth quarter than in third quarter. It says it may not be able to meet 100% of the strong demand it sees through the fourth quarter holiday season. S&P says while third quarter EPS was below its estimate, upgrades to buy from hold.

NEW YORK, October 19 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on SanDisk Corporation (SNDK.NAS), while raising their estimates for the company. The target price has been reduced from $58 to $52. [Price close for 10/19: $42.71 ; 52-week high: $62.05 ] Likely range: $47 (+10%) to $52.97 (+23.8%)

...

Continue to hold EMC? Purchased @ $19.41; currently $22.38; gain of 15.3% (+$920) ...

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Windows tip of the day: You may know that [Ctrl]+[Z] is "Undo" ... but did you know that [Ctrl]+[Y] is "Redo" (un-do your last un-do)?

• for most Macs: Undo = CMD+[Z]


• for Windows [Ctrl]+[Shift]+[Z] also does redo, because it is the alternate (Shift key) form of [Ctrl]+[Z].


• likewise, for Macs the Redo key combination is CMD+[Shift]+[Z].