Reading: Liar's Poker

I just started to read Liar's poker. So far so good. It does give you a sense of what's going on on the wall street.

China's interest rate increases 25 basis point

People have been waiting for this move and China arranges it right after Christmas. Some sell-off before new year seems to be unavoidable.
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aZK9Y16l72zE&pos=1

Walgreen's latest earning release

Walgreen (WAG) had a good report today and market reacts positively (5.5%). I'll just list the ratios and some stats first for whoever might be interested in it. I might visit it later for further analysis since I think it may become a good dividend candidate (so far dividend yield: 1.8%) for retirement portfolio.

WAG's recent quarters have good performance despite of down trend of annual results (such as profit margins). I expect next annual report should reverse that trend. 

stock performance since earnings review 12/21/2010

I compared average daily returns for the stocks listed with S&P500's average daily returns. You should be able to tell the outperformed ones from underperformed from the highlight. 

SKH update (128% up since last earning release)

There are recent talks (Bloomberg) about healthcare stocks being severely undervalued.  

As for SKH, Citi lifted target price to 10 a week ago and SKH is close to 9 already. Small cap stock is the way to go while shooting for large return:). 

http://mzexcel.blogspot.com/2010/11/skilled-healthcare-group-inc-skh-latest_03.html

Research in Motion, Oracle earning releases

Good earnings came out after-hour today. 2% and 4% up for RIMM and ORCL, respectively. I expect them to continue to outperform the market following the earing reports. 

RIMM's international expansion might work out for the company despite of Iphone's erosion of RIMM's market share.

Oracle's stats

Chartgame

Just learned this site: chartgame.com. it's fun to try your technical analysis skills. I expect most of time you should beat buy and hold however I don't think the transaction cost is taken into consideration.

summary of latest quarter EPS and Revenue growth by industry

https://spreadsheets.google.com/pub?key=0AvIjckAaik-SdDlxc3RjYi1NdDE1c2k0b003UWRsemc&hl=en&gid=0

Based on briefing.com's latest quarter earning data, I summarize the earning and revenue growth by industry. It should become more useful if more quarter's data are included since a trend analysis can be performed. I'll try to update this data set once a month.

ISM index

For the past few months, the ISM index released at the beginning of each month seems seldom fail the market. Similarly Chinese PMI is doing well too. (Chinese PMI is always out before the US ISM index) ISM is definitely an important economic indicator.

The book I put on the left of the post is worth reading even though it's kinda dry and boring. It does help to understand more of economic indicators.