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US Stocks Trading Dairy

Welcome to my trading dairy! I am totally new to trading, started this blog to jot down my analysis on the US market. Hope these homeworks will accelerate my learning curves in trading and in the long run master the art of trading and trade for a living. DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 US Stocks Trading Dairy Blog. All rights reserved.

Sunday, October 29, 2006

My Wins & Losses for 17th Oct Earning Week

On 17th Oct, I updated 7 trades that I have placed and here's the results!

1) Motorola, Inc (MOT)
On 16th Oct Bought 1 Contract of Nov 25 Call Options @ 1.90
On 18th Oct Sold 1 Contract of Nov 25 Call Options @ 0.40
Total Loss: $179.91

Q3 earnings was bad which causes the share prices to drop by $3. To cut loss, I sold off the position immediately.

See below for the extract of MOT Q3 resultst:
Shares of Motorola Inc. fell almost 5% Wednesday after the technology giant reported third-quarter profit dropped by nearly half from a year ago, when it had a large one-time gain, and sales rose less than expected.
The world's No. 2 maker of wireless phones also issued a weaker sales forecast range for the current quarter.
Shares of Motorola (
MOT) , which hit a five-year high on Oct. 13, fell $1.21 to $23.64 in trading volume that was four times the stock's daily average.
Motorola said late Tuesday that third-quarter profit fell 45% to $968 million, or 39 cents a share, from $1.75 billion, or 69 cents, a year earlier, when the company booked a $1.3 billion gain from asset sales.


2) Citigroup Inc (C)
On 16th Oct Bought 10 Contracts of Nov 52.5 Call Options @ 0.20
On 19th Oct Sold 10 Contracts of Nov 52.5 Call Options @ 0.05
Total Loss: $180.01

Missed analysts forecast and reported a negative results. Share priced dropped immediately! As the call options I bought was at $52.5 even if it rebound the target is still far. The only thing to do is to cut loss.

See below for the extract of C Q3 resultst:

Citigroup, (C) the New York financial-services giant, reported third-quarter net income down 23% on flat revenue. Citigroup earned $5.5 billion, or $1.10 a share, against $7.14 billion, or $1.38, in the year-earlier period. From continuing operations, earnings were $1.06 against 97 cents. Revenue was $21.42 billion versus $21.5 billion. The consensus estimates of analysts surveyed by Thomson First Call were $1.03 on revenue of $21.63 billion. In the largest segment, global consumer, earnings rose 17% on 4% higher revenue. In corporate and investment banking, earnings fell 4% on 6% lower revenue. The shares closed Wednesday at $50.19, up 14 cents.


3) Apple Computer, Inc ( AAPL )
On 16th Oct 2006, the stock price was at $74.32 placed contigency to buy 2 contract OTM 75 Call Nov@ $4.00, order executed on 17th Oct.
On 17th Oct Bought 2 Contracts of Nov 75 Call Options @ 4.00
On 24th Oct Sold 2 Contracts of Nov 75 Call Options @ 6.50
Total Profit: 470.06

It was a unintentional mistake to sell off this trade as Apple reported postive earnings and share price has been moving up to $82. Was trying out to set the "thriling" sell and on 24th put up a thrilling stop of 80 cents. Unfortunately, Dow Jones was moving down that day and options moves down quickly and hit the trilling stop and sold my postions. AAPL was at $81 and my profit was then slashed!

See below for the extract of AAPL Q4 resultst:

The Company posted revenue of $4.84 billion and net quarterly profit of $546 million, or $.62 per diluted share. These results compare to revenue of $3.68 billion and net profit of $430 million, or $.50 per diluted share, in the year-ago quarter. Gross margin was 29.2 percent, up from 28.1 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.

"This strong quarter caps an extraordinary year for Apple. Selling more than 39 million iPods and 5.3 million Macs while performing an incredibly complex architecture transition is something we are all very proud of," said Steve Jobs, Apple's CEO. "Looking forward, 2007 is likely to be one of the most exciting new product years in Apple's history."

"We are pleased to have finished the year with over $10 billion in cash and to have increased annual revenue by $11 billion in the last two years," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first fiscal quarter of 2007, we expect revenue of $6.0 to $6.2 billion and earnings per diluted share of $.70 to $.73."

Wednesday, October 18, 2006

Losing Trade: Genentec Inc (DNA)

Despite good earnings results released on 10th Oct 2006, the share price did not increase over my strike price of $85 as anticipated. On the contrary, it dropped below $83 due to the sales of few drugs fall below expectation. On 11th & 12th Oct, Dow Jones rally but DNA continued it's downtrend movements, it cautioned me that i have to cut loss and exit this trade. I can no longer wait & hold also because the Oct Call Options will expire on 19th, with time decay factor, my Oct options value will not increase any further.

However, I am still holding on to my Nov call for DNA as fundamentally this company is still sound. Confidence of investor might return and push up the stock price and minimize my loss for this trade.

My Paper Trade:
On 2nd Oct Bought 2 Contracts of Oct 85 Call Options @ 2.25
On 16th Oct Solde 2 Contracts of Oct 85 Call Options @ 0.25
Total Loss: $429.91

See below for the extract of DNA Q3 resultst:

Shares of drug developer Genentech Inc. fell slightly Wednesday after the company reported a profitable third-quarter but missed Wall Street expectations on several key cancer drugs.
The stock shed $1.19 to reach $84.72 in midday trading on the Nasdaq.


The San Francisco-based company posted a 58 percent jump in profit after the closing bell Tuesday, beating Wall Street estimates for a second consecutive quarter, this time by 8 cents a share. The stock price took a negative turn specifically over concerns from weaker-than-expected sales of Avastin, Herceptin, Rituxan and Tarceva.

But some analysts reaffirmed positive ratings for the company, with several brushing off the missed expectations on individual cancer drug sales and pointing out stronger-than-expected sales of macular degeneration drug Lucentis.
"Another weak top-line quarter obscures the strength of Genenetech's underlying business and we continue to believe the company can deliver stable growth," said Morgan Stanley analyst Dr. Steven Harr, in a note to investors.

Tuesday, October 17, 2006

Positions To Monitor

Out of the 26 companies shortlisted last week, I've put on paper trade for the below.

Results released on 17th Oct 2006, Tuesday.

1) Merrill Lynch & Co ( MER )

On 15th Oct 2006 the stock price was at $83.15 , bought 2 contract OTM 85 Call Nov@ $1.70
Total Profit/Loss: TBA

2) Motorola, Inc (MOT)

On 15th Oct 2006 the stock price was at $26.20 , bought 1 contract ITM 25 Call Nov@ $1.90
Total Profit/Loss: TBA

3) Intel Corporation (INTC)

On 23rd Aug 2006 the stock price was at $18.48 , I placed a Straddle Strategy on Jan 07 l Options . Long 1 contract OTM 20 Call Jan@ $0.80 & Short 1 contract OTM 20 Call Jan@ $2.05.
Lower Breakeven at $17 & Higher Breakeven at $22
Total Profit/Loss: TBA

4) State Street Corporation ( STT )

On 15th Oct 2006 the stock price was at $63.87 and placed the order to buy 2 contracts OTM 65 Call Nov. The order was only executed on 17th Oct after the results was released. Options bought at $1.20 per contract.
Total Profit/Loss: TBA , currently at -$40

Extract of Results:
State Street Corporation Achieves Third-Quarter EPS up 11% on Revenue Gain of 9% Driven by Solid Performance in Servicing and Management Fees Compared to 2005 Expenses Decline 7% from Second Quarter

Results released on 18th Oct 2006, Wednesday

5) J.P. Morgan Chase & Co (JPM)
On 15th Oct 2006 the stock price was at $47.98 , bought 5 contract OTM 50 Call Nov@ $0.40 Total Profit/Loss: TBA

6) Apple Computer, Inc ( AAPL )
On 16th Oct 2006, the stock price was at $74.32 placed contigency to buy 2 contract OTM 75 Call Nov@ $4.00, order executed on 17th Oct.
Total Profit/Loss: TBA

Results released on 19th Oct 2006, Thursday

7) Citigroup Inc (C)
On 15th Oct 2006 the stock price was at $50.38 , bought 10 contract OTM 52.5 Call Nov@ $0.20
Total Profit/Loss: TBA

Monday, October 16, 2006

Winning Trade: Infosys Technologies Limited (INFY)

Earning results released on 10/10/2006 after trading day. The earnings was good, its Second quarter revenues at $ 746 million, up 42.4% from the corresponding quarter last fiscal . With the fantastic results, the share price did not gap up greatly as compared to RIMM. After holding the positions for 2 days it did not rebound much though Dow Jones rally +90 points. Put up a contigency sell once it hits $52.

Position was sold the next day when I woke up with $285.06 profits.

Summary of Paper Trade Placed:
On 2nd Oct 2006, bought 3 contract ITM 47.5 Call Oct @ $2.45
On 12th Oct 2006, sold positions @ $3.50
Total Earnings: $285.06

Risk of Infosys Business:
Like many other Indian outsourcing companies, Infosys faces pricing pressures because of growing competition. There are also concerns over the impact of a possible slowdown in the United States, which may force American companies to cut their spending on information technology. More than 60 percent of Infosys clients are in the United States.

Sunday, October 15, 2006

Earnings calender for week of 16th october 2006 (Part 3)

Short listed:

1) Next Earnings 18/10/2006 , Symbol: LOGI
Last Trade: 22.21USD
Sector: Computer & Technology
Industry: Computer Perhiperal

Logitech designs, manufactures and markets innovative peripherals that provide people with easy access to the digital world. The Company's product family includes Internet video cameras, mice and trackballs, keyboards, audio and telephony products, interactive gaming devices and 3D controllers.

2) Next Earnings 18/10/2006 , Symbol: AAPL
Last Trade: 75.02USD
Sector: Computer & Technology
Industry: Computer Microsystems


Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers.


3) Next Earnings 18/10/2006 , Symbol: EBAY
Last Trade: 29.75USD
Sector: Retail/Wholesale
Industry: Electronic Commerce

eBay is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia.


4) Next Earnings 18/10/2006 , Symbol: SEIC
Last Trade: 59.72USD
Sector: Financial
Industry: Finance Investment

SEI Investments is a leading global provider of asset management and investment technology solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. They provides global investment solutions to institutions and individuals and business solutions to investment intermediaries. They serve corporations, banks, insurance companies, unions, foundations, endowments and individuals with a wide array of investment products and administration services.


5) Next Earnings 18/10/2006 , Symbol: JPM
Last Trade: 48.16USD
Sector: Financial
Industry: Bank

J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients.

6) Next Earnings 18/10/2006 , Symbol: CIT
Last Trade: 48.87USD
Sector: Financial
Industry: Finance Commercial

CIT Group Inc. is a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services.

Thursday, October 12, 2006

Earnings calender for week of 16th october 2006 (Part 2)

Short listed:

1) Next Earnings 17/10/2006 , Symbol: MAN
Last Trade: 62.31USD
Sector: Business Services
Industry: Business Services

Manpower Inc. is a leading non-governmental employment services organization. The company's largest operations, based on revenues, are located in the United States, France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions, including temporary staffing services, contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.

2) Next Earnings 17/10/2006 , Symbol: AMB
Last Trade: 56USD
Sector: Finance
Industry: REIT

AMB Property Corporation is one of the leading owners and operators of industrial real estate nationwide. The company's investment strategy is to become a leading provider of High Throughput Distribution properties located near key passenger and air cargo airports, key interstate highways and ports in major metropolitan areas, such as Atlanta, Chicago, Dallas/Fort Worth, Northern New Jersey, the San Francisco Bay Area and Southern California.

3) Next Earnings 17/10/2006 , Symbol: STT
Last Trade: 64.13USD
Sector: Finance
Industry: Banks

State Street Corporation is the world's leading specialist in providing sophisticated global investors with investment servicing, investment management, investment research and trading services. Customers include mutual funds and other collective investment funds, corporate and public pension funds, corporations, unions and not-for-profit organizations in and outside of the United States.

4) Next Earnings 17/10/2006 , Symbol: STX ( SeaGate Technology)
Last Trade: 20.89USD
Sector: Computer & Technology
Industry: Computer Storage

5) Next Earnings 17/10/2006 , Symbol: INTC
Last Trade: 21.19USD
Sector: Computer & Technology
Industry: Electronics

Intel Corporation, one of the world's largest semiconductor chip maker, supplies the computing and communications industries with chips, boards, and systems building blocks that are integral to computers, servers, and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems.

6) Next Earnings 17/10/2006 , Symbol: SIFY
Last Trade: 10.03USD
Sector: Computer & Technology
Industry: Internet Services

Satyam Infoway is one of the largest national providers of Internet access and Internet services to consumers and businesses in India. The company's customers primarily use their services to communicate, transmit and share information, access on-line content and conduct business remotely using our private data network or the Internet. The company offers dial-up Internet access, e-mail and web page hosting to consumers in India through convenient on-line registration and user-friendly software.

7) Next Earnings 17/10/2006 , Symbol: MER
Last Trade: 83.04USD
Sector: Finance
Industry: Investment Brokage

Merrill Lynch & Co., Inc. is one of the world's leading financial management and advisory companies with offices in numerous countries. The firm is a global underwriter and market maker of debt and equity securities and a strategic advisor to corporations, governments, institutions, and individuals worldwide.

8) Next Earnings 17/10/2006 , Symbol: MOT
Last Trade: 25.41USD
Sector: Computer & Technology
Industry: Telcomm Equip

Motorola, Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. They manufacture telecommunication equipment and software for consumers, network operators, and commercial, government and industrial customers. They also produce embedded semiconductor solutions, embedded electronic systems, digital and analog systems and set-top terminals for broadband cable television operators.


9) Next Earnings 17/10/2006 , Symbol: YHOO
Last Trade: 24.21USD
Sector: Computer & Technology
Industry: Internet Service

Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services.

10) Next Earnings 17/10/2006 , Symbol: JNJ
Last Trade: 65.22USD
Sector: Medical
Industry: Medical Drugs

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional.

Wednesday, October 11, 2006

Earnings calender for week of 16th october 2006 ( Part 1)

Did a quick scan on the big name companies that are releasing their results next week. No paper trade put on yet as further research & readings needs to be done first, will update again. As for my Sep review on companies with good results last quater, still in the midst of filtering. Without the aid of scanning software, it will take me some time.

Short listed:

1) Next Earnings 19/10/2006 , Symbol: PFE
Last Trade: 27.39 USD
Sector: Medical
Industry: Drug Manufacturers

Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer has three business segments: health care, animal health and consumer health care.

My initial findings: 50-50 chance the stock will go in either directions. Pfizer few drug's patent are expiring soon and their new experimental drugs are releasing soon with estimated sales should be good. Expirying Patent vs future Sales forcast will affect how investor & traders are going to play the market.

2) Next Earnings 19/10/2006 , Symbol: NOK
Last Trade: 19.8 USD
Sector: Technology
Industry: Telecomm Equip

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.

3) Next Earnings 19/10/2006 , Symbol: FCS
Last Trade: 18.67 USD
Sector: Technology
Industry: Semiconductor

Fairchild Semiconductor Corporation is a global company solely focused on designing, manufacturing and marketing high performance semiconductors for multiple end market uses. Fairchild's multi-market components are used in computer, telecommunications, automotive, consumer and industrial applications. Supplying logic, analog, mixed signal, non-volatile memory and discrete power and signal technologies solutions.

4) Next Earnings 19/10/2006 , Symbol: LUV
Last Trade: 16.57 USD
Sector: Transportation
Industry: Airlines

Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities. Southwest has the lowest operating cost structure in the domestic airline industry and consistently offers the lowest and simplest fares. Southwest also has one of the best overall Customer Service records.

5) Next Earnings 19/10/2006 , Symbol: F
Last Trade: 8.28 USD
Sector: Conaumer Goods
Industry: Auto Manufactures

Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. The company is divided up into the following four operating segments: Automotive, Visteon Automotive Systems, Ford Motor Credit Company, and The Hertz Corporation.

6) Next Earnings 19/10/2006 , Symbol: KO
Last Trade: 44.11 USD
Sector: Consumer Staples
Industry: Beverages

The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world's best-known brand, The Coca-Cola Company markets four of the world's top five soft drink .

7) Next Earnings 19/10/2006 , Symbol: C
Last Trade: 51.09 USD
Sector: Financial
Industry: Money Central bank

Citigroup Inc. the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.

8) Next Earnings 19/10/2006 , Symbol: XLNX
Last Trade: 23.57 USD
Sector: Financial
Industry: Computer and Technology
Sector: Semiconductor

Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions.

9) Next Earnings 20/10/2006 , Symbol: MMM
Last Trade: 75.67 USD
Sector: Multi-Sector Conglomerates

Industry: Conglomerates

3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research, manufacturing and marketing of products.

10) Next Earnings 20/10/2006 , Symbol: CHRT
Last Trade: 7.38 USD
Sector: Computer and Technology
Industry: Semiconductor - Integrated Circuits

Chartered Semiconductor Manufacturing Ltd. is one of the world's leading independent semiconductor foundries. The company provides comprehensive wafer fabrication services and technologies to semiconductor suppliers and manufacturers of electronic systems. The company focus on providing foundry services to customers that serve high growth, technologically advanced applications, including communications applications such as cable modems, data networking and telecommunications equipment.

Sunday, October 08, 2006

Important News of Genentec, DNA

With all these news, will my DNA become a gems like RIMM when Q3 earnings announced on 10th Oct?

1) Genentech and CGI Pharmaceuticals Enter Into Exclusive Global Strategic Alliance for Potential Products in Multiple Oncology and Autoimmune Indications.

Genentech makes an upfront payment to CGI of $25 million and gained the licsence to discover, develop & market small molecules. On 3th Oct, it was stated under watch list in US stock market.

2) Genentech, Inc. announced on 4th Oct, the publication of data from the two randomized, controlled pivotal Phase III clinical trials of LUCENTIS(TM) (ranibizumab injection) in the New England Journal of Medicine.

3) Genentech results to include strong initial Lucentis sales, a treatment for the leading cause of blindness in the elderly.

Losing Trade: Pepsi Bottling ( PBG)

Last week, Pepsi caught my eye while I was browsing through the earnings list for week of 2nd Oct 2006. The Q3 earnings results was released on 2nd Oct 2006.

Reasons to enter:

1) Looking through the chart, it was showing a uptrend movements since June 2006. The stock price has moved consistent up from $30 to $35 over the past 3 months. I anticipaed it as a strong signal that the earnings results will be a good one.

2) Morning Star Analyst report stated it's fair value at $34, consider sell value at $42. With the CEO, John Cahill resigned as the CEO & chairman it did not struck the board of director and successor Eric Foss with decades years of experience was anticipated to ensure a smooth transistion. Hence, it shouldn't have impact the growth of the company & confidence of people investing in Pepsi.

My Paper Trade:

1) Bought 4 Contracts of Oct Call Options @ 35, Near the Money
2) Bought 4 Contracts Nov Call Options @ 35, Near the Money

Unfortunately, the results was not fantastic, up 1% and worst of all, stock price gap down from $35 to $32, my options value dropped to zero value in 2 days time. Despite US market rally on the remaining days of the week, Pepsi has no sign of rebound. With disappointment, I guess I have to wait helplessly for Oct Option to expire worthlessly and incur the loss of $440 and pray for Nov options to regain some value and minimize my loss.

My reasons for buying 2 different months was to experiment the effects of near month & far month options movement. At this time, Nov options lose more $ than Oct options.

See below for the extract of Pepsi Bottling Q3 resultst:

Pepsi Bottling 3rd-quarter net up 1%, revenue rose 7.7% (7:05 AM ET) TEL AVIV (MarketWatch) -- Pepsi Bottling Group Inc., (PBG) of Somers, N.Y., the largest bottler of PepsiCo Inc. (PEP) drinks, reported third-quarter net income up 1% on 7.7% higher revenue. Earnings reached $207 million, or 86 cents a share, from $205 million, or 82 cents, in the year-earlier period. The per-share results include a 4-cent cost of stock-based compensation and a 5-cent gain from income-tax law changes. The year-ago figure included a 4-cent gain from a settlement of litigation. A survey of analysts by Thomson First Call produced a consensus estimate of 81 cents. Revenue rose to $3.46 billion from $3.21 billion. Thomson First Call's estimate: $3.41 billion. Worldwide, Pepsi Bottling sold 2% more cases of drinks than it did in the year-earlier period. Case volume rose 2% in the U.S. and Canada and 8% in Europe. Global operating profit fell 3%; adjusted for the stock-based compensation and the litigation settlement, the figure rose 5%. In 2006, Pepsi Bottling expects case volume up 4% worldwide and 3% in the U.S. The company expects net income for the year of $1.90 to $1.93 a share, or $1.85 to $1.88 on an adjusted basis. Thomson First Call's estimate is $1.90.

Tuesday, October 03, 2006

Earnings results trade for 10/10/2006

1) Genentec Inc , Symbol: DNA
2) Infosys Technologies Limited, Symbol: INFY

Out of the 5 companies I shortlisted in my previous post only the above 2 shown a uptrend from the charts, plus postive growth anticipated. Paper trade placed yesterday for Oct & Nov call options for the same strike price, reason being to experiement the effect movements between near & far month options. One more week before results announce, will monitor the news as both stock prices dropped today.

My next immediate step in doing research on US market will be to look back at the month of September which companies have projected good earnings results and strong forcast of the growth in the next 3 months.

Sunday, October 01, 2006

Conclusion drawn on why RIMM trade profitted

From the TA chart, the support level of $85 was not break over the past 6 monhs and it is showing a up trend. Moreover, being a fundamental sound company with good results anticipated, it should break the resistance to form a new high.

Moving forward, over the weekend I did a quick browse on the earnings calender for week of 9th october 2006. Below are some companies which I think worth deeper research on, will update again if it worth putting trade on.

Short listed:
1)Next Earnings 10/10/2006 , Symbol: DNA
Last Trade: 82.70 USD

Genentech, Inc. is a biotechnology company that uses human genetic information to discover, develop, manufacture and market human pharmaceuticals for significant unmet medical needs. As part of the company's program of research and development, a number of products are in various stages of development. Product development efforts cover a wide range of disorders or medical conditions, including cancer, respiratory disorders, cardiovascular diseases, endocrine disorders, inflammatory and immune problems, and neurological disorders. Sector: Basic MaterialsIndustry: MINING -NON FERR

2) Next Earnings 10/10/2006 , Symbol: INFY
Last Trade:47.73 USD

Sector: Computer and Technology
Industry: COMP-SOFTWARE

Infosys Technologies Limited, one of India's leading information technology services companies, utilizes an extensive non-US based infrastructure to provide managed software solutions to clients worldwide. The company has state-of-the-art offshore software development facilities located throughout India. The company's services include custom software development, maintenance and re-engineering services as well as dedicated offshore development centres for certain clients.

3) Next Earnings 10/10/2006 , Symbol: AA
Last trade: 28.04 USD

Alcoa Inc. is one of the world's leading producers of primary aluminum, fabricated aluminum and alumina and a major participant in all segments of the industry: mining, refining, smelting, fabricating and recycling. Alcoa serves customers worldwide primarily in the packaging, transportation (including aerospace, automotive, rail and shipping), building and industrial markets with a great variety of fabricated and finished products.

4) Next Earnings 11/10/2006 , Symbol: GCI
Last Trade:56.83 USD

Sector: Consumer Staples
Industry: PUBLSHG-NEWSPRS

Gannett Co., Inc. is an international news and information company that publishes daily newspapers in the USA, including USA TODAY, the nation's largest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles, including 15 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States.

5) Next Earnings 11/10/2006 , Symbol: LRCX
Last Trade: 45.33 USD

Sector: Computer and Technology
Industry: ELEC-MANUFT MACH

Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Company's products are used selectively to etch away portions of various films to create an integrated circuit.