Here’s a list of stocks to watch for a potential rebound tomorrow. Prepare yourself for swing trades. We will be trading these stocks which are testing new recent lows.

MCP

AVL

DANG

TSL

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Below is data compiled from Bloomberg and Fortune revealing the Top 10 U.S. Companies who avoided tax on foreign profits.

1. General Electric (GE)
Untaxed foreign profit: $94 billion

2. Pfizer (PFE)
Untaxed foreign profit: $48.2 billion

3. Merck (MRK)
Untaxed foreign profit: $40.4 billion

4. Johnson & Johnson (JNJ)
Untaxed foreign profit: $37 billion

5. Exxon Mobil (XOM)
Untaxed foreign profit: $35 billion

6. Citigroup (C)
Untaxed foreign profit: $32.1 billion

7. Cisco Systems (CSCO)
Untaxed foreign profit: $31.6 billion

8. IBM
Untaxed foreign profit: $31.1 billion

9. Procter & Gamble (PG)
Untaxed foreign profit: $30 billion

10. Microsoft (MSFT)
Untaxed foreign profit: $29.5 billion

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The U.S. job market is improving as new data indicated this week. A surge in hiring helped lower the unemployment rate to 8.8% the lowest it has been in two years. The economy gained 216,000 jobs last month beating analysts expectations of 180,000. Private companies have accounted for 1.8 million jobs created in a year.

Which industries are hiring? The leaders were:

• Professional Services = 78,000 jobs
• Health Care/ Social Services = 44,000 jobs
• Leisure and Hospitality = 37,000 jobs

Who’s still cutting?

• Public Sector = -14,000 in March

13.5 million People remain unemployed and the average length of unemployment is at a record 39 weeks

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“n the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week’s revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week’s revised average of 386,750.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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Tax payers are still in the red from the bailout money the government issued. However out of the $256 billion returned the government earned $56 billion in profits. $123 billion is still unpaid from the TARP and $133 billion from GSEs. Eventually all the bailout money will be returned but the question is how will the government capitalize and will the tax payers get a cut or anything.

Take a look at this charts, showing where the money is and the returns on investments.

Sources:
Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel
ProPublica

http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red

The State of the Bailout

http://projects.propublica.org/bailout/main/summary

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Check out this graph from Birinyi Associates. They’ve tracked 6, 5% pullbacks in the last 2 years.

“What is perhaps more encouraging is the fact that 5% declines do not usually result in a further 10% decline, and a bear market is even less likely. An initial 5% decline, such as the one beginning on 2/18/11, only results in a correction (10% decline) 33% of the time, and in only 11 of 106 instances has a 5% decline turned out to be a bull market top.”

So according to these guys were in for a bull market. Lets note that for the record and stay tuned.

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week’s revised average of 393,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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For all you up right now here’s a midnight infograph from social media graphic, showing Microsoft’s product releases, yearly revenue and major milestones. Whats not surprising is Microsoft’s stock price which can be consider more as a saving account rather than an investment. The stock price is stagnant, it just won’t break and hold the 30 level. However, whats in impressive is their yearly revenues and profits. Microsoft is sitting on a reported $53 billion in cash reserves. So for anyone interested in a safe investment with small growth, I suggest investing in Microsoft stock.

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate. Sidenote, for all our California readers, your state’s unemployment is projected to remain in double digits till 2013.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 5, the advance figure for seasonally adjusted initial claims was 397,000, an increase of 26,000 from the previous week’s revised figure of 371,000. The 4-week moving average was 392,250, an increase of 3,000 from the previous week’s revised average of 389,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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Here is an info graph from Visualizing Economics (back from 2008), showing the average income in the U.S from 1913-2006. The graphic factors in major events in history as well as the presidents at the time. Something the graph is missing appears to be inflation. However, its pretty cool comparison.

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