Watch List – Next Week

CAT – Wednesday, December 12, 11:02 AM Caterpillar (CAT +0.7%) ticks higher today after its board voted today to maintain the quarterly cash dividend of $0.52 per share, but move up the payment date to stay ahead of looming tax hikes if the fiscal cliff issue doesn’t get resolved. The payment date has now been accelerated to December 31, to stockholders of record at the close of business, December 24, 2012. CAT CEO Doug Oberhelman says the action could save stockholders around $30M.

The Technical side; CAT has a range of 89.51 High to 88.75 Low
, these are intermediate area I would be looking for the entries and exits on a Day Trading basis.

LVS – Thursday, December 6, 9:53 AM Casino stocks trade higher after Zynga files initial paperwork to enter the real money gambling game. Traders may be betting that the entry of a well-known tech company into the mix could increase the chances politicians in DC may have to take up the issue of regulating the industry. Advancers: LVS +1.1%, MGM +4.1%, WYNN +1.4%.

The Technical side; LVS has a range of 46.92 High to 46.22 Low, these are intermediate area I would be looking for the entries and exits on a Day Trading basis. 

FCX – Friday, December 14, 4:58 PM Banks reportedly forged ahead this week with syndication of a $12.5B loan package backing Freeport McMoran’s (FCX +4%) two recent acquisitions despite growing shareholder concerns. Bankers are mostly shrugging off the transaction risk due to FCX’s strong risk profile; net debt to EBITDA is -0.03x and will move up to only 1.9x under the terms of the transaction.

The Technical side; FCX has a range of 33.94 High to 33.64 Low, these are intermediate area I would be looking for the entries and exits on a Day Trading basis.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s