Monday, January 14, 2008

Citigroup checkmate.

Important economic data will compete with Citigroup's much-anticipated earnings report ahead of Tuesday's opening bell. Retail sales data is being particularly watched to see if it is weak enough to prompt the Fed to cut rates even before its regular meeting at the end of the month.

Government Investment Corp. of Singapore, the Kuwait Investment Authority and Saudi Prince Alwaleed bin Talal will altogether provide a financial booster of about $10 billion in cash to salvage the bank which probably will report a net fourth-quarter loss of almost $4.3 billion, or 97 cents a share.
Citi holds a conference call with analysts at 8:30 a.m. (E.T)
Producer prices and retail sales for December are both released at 8:30 a.m. New York time. Retail sales are expected to be down 0.1 percent.
Tracking the Dow on Monday,14/1/08.
Tech stocks propelled the overall stock market at the onslaught of the opening bell.Its revenue growth benefited from foreign sales, the positive side of dollar weakness.Towards the closing bell was another spin within a bearish body,a sign of follow through weakness.

A week of consolidation with the candlesticks within the matching lines.A sign of market stability.This Friday is the December'07 expiry of the index and futures options contracts. There is quite a possibilty of a beginning of a new chapter leaving all the bad omens behind.The market might be given a consolation.
Stock-Watch:-
1.) IHME - Momentumhttp://finance.yahoo.com/q?s=IHME.OB IntelliHome Inc., based in Katy, Texas, provides a comprehensive range of products and services to homeowners, builders and commercial customers to facilitate the creation and operation of the modern “intelligent home” or “smart building.”
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2.) KWBT - Volume Alerthttp://finance.yahoo.com/q?s=KWBT.OB The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation.
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3.) STHG - Watch Listhttp://finance.yahoo.com/q/bc?s=STHG.PK&t=5d Steadfast Holdings Group, Inc. is the parent of Steadfast Automotive and Steadfast Custom Linings that provides custom auto and truck coatings, bed liners, custom interior kits for commercial vehicles and other accessories.