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Tonight’s Agenda

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Tonight’s Agenda

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  1. 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.

  2. Tonight’s Agenda • Market Summary • Earnings Last Week • Earnings Next Week • Glencore

  3. Stock Index Performance

  4. Sect0r Update

  5. Econ Data Overview • Industrial Production – rose higher than expected • A jump in automobile manufacturing was largest factor • Industrial production is expected to remain robust through April • Jobless Claims – rose slightly higher than expected • The four week average is still trending downward • Consumer Price Index (CPI) – rose 0.5% • This is a measure of inflation • Largest factors for the hike is Food and Energy Prices

  6. Technical Analysis: SMA

  7. Its all about the 3 E’s… Earning’s Energy Employment

  8. Earnings Results

  9. Alcoa • Mixed Signals • Claims to be more profitable in all aspects of business • Also claims to be facing more expenses • Fourth consecutive quarter of profits… yet 2011 Q1 is weaker than last earnings release

  10. Financial Picture • JPM beat expectations, however still suffered huge loses relating to mortgages. • Large increase in foreclosure servicing costs • Offset losses through excellent commodity trading • BAC Missed earnings due to losses relating to mortgages. (-$2.36 Billion) • Had to buy back more “bad mortgages” than expected • Both BAC and JPM had poor loan growth

  11. Thu 14 Apr 11 | 05:20 PM ET Bank of America

  12. Earnings next week could bring about greater amounts of volatility… Volatility could be off-set with positive economic data…

  13. Fri 15 Apr 11 | 06:00 PM ET Next Week’s Profit Parade

  14. Upcoming Tech Earnings

  15. Next Week’s Financial Earnings

  16. Glencore IPO: Biggest company you never heard of is about to go public

  17. Glencore • World’s largest commodity trader • 50% of business is commodity trading (Metals, Energy & Agriculture) • 50% mining: copper, coal, zinc, aluminum etc • One of the world’s largest private companies • Very secretive company, employee owned • 2010 Revenue: $145 billion • Xstrata’s largest shareholder, 35% stake • talk of a Xstrata-Glencore merger in the past, possibly only with Glencore’s mining units

  18. Glencore IPO • Dual listing in London & Hong Kong • U.S. retail investors can buy Glencore on Pink Sheets ADRs • Largest IPO in 2011 • Mid-May likely • Company could be valued from $50-$80 billion • Many view Glencore in the “must own category” • Will help company raise capital for projects & acquisitions

  19. Bloomberg Video Airtime: Thurs. April. 14 2011 Glencore’s IPO Plan

  20. China Tightening • Just raised its bank’s required reserves for 4th time this year • Other government inflation- fighting tactics are likely around the corner. • Hurts demand for commodities.

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