Download - Agenda for this Evening
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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.
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Agenda for this Evening
Review the week Examine Economic Data Tax & Deficit Cuts Outlook on Oil
A New Year of risks European Debt China Correction
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Competition Winners
1st place: jnurre2nd Place: mvbutzy08
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Last Weeks Performance: S&P 500
+2.97%
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One Month Performance: S&P 500
+0.3%
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A Week in ReviewAirtime: Fri. Dec. 3 2010 | 5:01 PM ET
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What moved the markets Thursday?
Airtime: Thurs. Dec. 2 2010 | 12:02 PM ET
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Housing Data
Pending Home Sales for October expected to remain unchanged ( Zero Percent) Actual Results +10.4%
Midwest & Northeast: Large Increases
South: Modest GainsWest: Little/NO change
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HousingTrends
Existing home inventories are falling
The top 10 homebuilders have remarkably higher market share now than they did during peak of housing market
Significant increase in demand for smaller homes (2-3 bedrooms)
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Goldman Sachs' Top Bank Picks
JPMorgan Citi Bank of America Principal Financial Group Blackstone Group Invesco Evercore TD Ameritrade Stifel State Street Simon Property Group Dr Horton
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Tax & Deficit Cuts
Wednesday’s Proposed Plan Overhaul the tax brackets to 12%-22%-
28% Lower Corporate tax rate to 28% from
35% Raise Social Security retirement age to
69 in 2075
Needed 14 of 18 votes to pass Only received 11 votes on Friday A deal could still be made before
year end which could send the markets higher
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Return of $100 Oil?Airtime: Fri. Dec. 3 2010 | 6:25 PM ET
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Oil Prices: 1 Month
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Video Summary
Crude Oil prices up 6.5% on the week
Dollar significantly weaker on the week
Price of Oil: $89/barrel
Goldman Sachs, JP Morgan, Deutsche Bank all raise oil price forecasts for 2011 & 2012
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National Average Gas Price per Gallon
One Month Ago: $2.80 Today:$2.90 Expected Year End: $3.00+
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Drilling Ban March 3oth : Obama
announces permission of greater offshore oil exploration
April 20th: BP Oil Spill
December 1st : Ban on further offshore oil exploration for 7 years
China and Venezuela ramping up offshore drilling
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Oil Plays
Halliburton (HAL)
Weatherford (WFT)
Schlumberger (SLB)
Baker Hughes (BHI)
British Petroleum (BP)
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Things to keep an Eye on
Beginning of 2011
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An Equity Correction in China?
Airtime: Fri. Dec. 3 2010 | 4:18 PM ET
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Risks with China
Industrial growth will continue but stocks could hurt by measures to reduce inflation
Short (FXI) & (HOGS)
China may increase reserve requirements for banks
http://www.bloomberg.com/news/2010-12-05/greater-china-daybook-bank-reserve-ratios-may-rise-in-new-year.html
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The Week AheadAirtime: Fri. Dec. 3 2010 | 5:02 PM ET