It’s been a busy weekend for me so no market analysis this weekend. I’ll have an update on the technicals mid next week.
::: Best/Worst Performers :::
– Top 10 Performing Industries For the Week –
1. Nonmetallic Mineral Mining: 9.15%
2. Copper: 7.65%
3. Oil & Gas – Independent: 6.40%
4. Agricultural Chemicals: 6.30%
5. Gold: 6.25%
6. Silver: 6.05%
7. Oil & Gas Major Integrated: 5.55%
8. Industrial Metals & Minerals: 8.30%
9. Oil & Gas Equipment & Services: 4.95%
10. Data Storage Devices: 4.70%
– Top 10 Worst Performing Industries For the Week –
1. Semiconductor – Memory: -5.05%
2. Office Supplies: -5.00%
3. Toy & Hobby Stores -4.90%
4. Consumer Services: -4.20%
5. Semiconductor – Specialized: -4.00%
6. Banks – SE: -3.70%
7. Apparel – Clothing: -3.65%
8. Home Health Care: -3.25%
9. Banks – Pacific: -3.25%
10. Semiconductors – Integrated: -3.15%
– Top 5 Best Performing ETFs For the Week –
1. Internet Infrastructure (IIH) 12.05%
2. Ishares China (FXI) 5.90%
3. India Fund (IFN) 5.35%
4. Central European & Russia Fund (CEE) 5.15%
5. Market Vectors Gold Miners (GDX) 4.85%
– Worst 5 Performing ETF’s –
The China Funds are beginning to crack a bit with distribution over the past 2 weeks.
1. Greater China Fund (GCH) -9.10%
2. HLDRS Semis (SMH) -5.50%
3. Turkish Investment Fund (TKF) -4.70%
4. Ishares Home Construction (ITB) -4.65%
5. Morgan Stanley China (CAF) -3.60%
::: IPO’s Worth Watching for This Week :::
Just one IPO worth watching this week and it’s another China IPO – Noah Education Holdings (NED)
1. Noah Education Holdings (NED): a leading provider of interactive education content in China. Develops and markets interactive, multimedia learning materials mainly to complement prescribed textbooks used in China’s primary and secondary school curriculum, covering subjects such as English, Chinese, mathematics, physics, chemistry, biology, geography, political science and history. They deliver content primarily through hand held digital learning devices, or DLDs, into which the content is embedded or subsequently downloaded at over 8,500 points of sale, approximately 2,000 download centers, or through the website, www.noahedu.com. In addition, they sell electronic dictionaries, or E-dictionaries. In July 2007, the company began offering after-school tutoring programs as they build upon experience and brand to capture more market opportunities in the supplemental education market.. Trading set to begin on Friday.
::: Upcoming Economic Reports (10/15/07 – 10/19/07) :::
Monday: None
Tuesday: Industrial Production, Capacity Utilization
Wednesday: CPI, Housing Starts, Building Permits, Crude Inventories, Fed Beige Book
Thursday: Leading Indicators, Initial Claims
Friday: None
::: Upcoming Notable Earnings Reports :::
Earnings Season Kicks Off In Full Force This Week!
Monday: New Oriental Education (EDU), Nuveen Investments (JNC), Citigroup (C), Genentech (DNA)
Tuesday: Intel (INTC), Wells Fargo (WFC), Yahoo (YHOO)
Wednesday: Noble (NE), NVE Corp (NVEC), Ebay (EBAY), BlackRock (BLK), Altria (MO), Cavium Neworks (CAVM)
JP Morgan (JPM), Washington Mutual (WM)
Thursday: Google (GOOG), Ametek (AME), Intuitive Surgical (ISRG), Sunpower (SPWR), Gilead Sciences (GILD)
Bank of America (BAC), Capital One Financial (COF),
Friday: Caterpillar (CAT), Schlumberger (SLB), 3M (MMM),
::: In Case You Missed It – SelfInvestors Blog Entries of the Past Week :::
1 .An Excuse to Sell; Smorgasbord Of Leading Stocks
2. More Price, Volume Divergence; Stock of Day: Innerworkings (INWK)
3. Napoleon Hill of Think and Grow Rich Discusses Carnegie, Power of Mind