Wall Street to Main Avenue: News, Views plus Commentary: June 13, 2006
It's Wednesday June 14, 2006, and we are trying to get over the hump of the trading week but the particular worry still looms regardles of the model. Metals include been dropping just like a rock, Gold and Silver have dropped above 20% from their particular highs, and this kind of is partially owing to the decrease in demand coming from the jewelry industry and the cut down in demand coming from India.
India features been a huge buyer of valuable metals for all the models, this specific emerging market was a big catalyst in the mining harvests craze. Now that along with typically the other slipping emerging markets such as Brazil, Russia, Cina, South Korea also known as the "BRICK" nations around the world, India has fasten their belt. And so supply and desire has come in to play. Those highflying metals stocks include been knocked straight down but we're able to observe a slight rebound in the forthcoming weeks.
Companies that are located in the particular "BRICK" countries and trade here in the United States, throughout the board are already evacuated from, the money flow out involving these firms have caused those to slip nearly on a regular basis. But this may be the perfect time to start to seem at these companies once more just to find a handle on those companies that will were guilty simply by association and dragged down.
The Nasdaq has fallen intended for the 8th right day, today might mark number on the lookout for and that is definitely something that has not happened since 1984. While the Common & Poor's five-hundred closed at a new seven month very low yesterday. This really is almost all due to worries that the FOMC will raise interest rates, so hold in their because there are gems in this kind of rubble that you may want in order to pick-up, you just need to be patient.
In the alternative energy market, you have a new company that can begin trading right now and they are in the Ethanol video game. VeraSun Energy Company (NYSE: VSE) The Company has Ethanol plants in both Grand rapids and South Dakota. They sell some sort of branded fuel, VE85, at service channels in the Midwest. Now this is a real be in the Ethanol arena, but this is usually one of a few Ethanol companies which will be taken public immediately. Even though the particular initial budge has come from Polish capitol Hill, that is not enough to be able to drive the buyers to the frontlines of those new concerns. So the timing may possibly be wrong in addition to these new issues just may place a ton of pressure on other publicly traded Ethanol companies once these people hit the industry, such because Pacific Ethanol (NASDAQ: PEIX).
Nonetheless it can have a ripple effect and trickle down to various other alternative energy companies which may be involved inside the solar electric power arena.
Tropical Thunderstorm Alberto refused the burners before this hit Florida yesteryear and would not create the danger than most forecasters believed. So the surprise never made this to Hurricane status, and just trashed rain on the areas near Tallahassee, Florida.
Movers plus Shakers
Some significant movers in yesterdays trading session involved Maverick Tube Corp (NYSE: MVK), the stock soared to be able to close up $16. 99 at $62. 65 when they decided to be bought by Tenaris (NYSE: TS) for more than $3. 19 million or $65 a share. Tenaris made this the dollars deal, which made it even more attracting the board of Maverick Tubing.
Diodes, Inc (NASDAQ: DIOD) shot up to close upwards $4. 94 at $38. 39, this is based on the particular semiconductor company saying that they were increasing their first quarter guidance, So they will expect growth involving 10-12% in contrast to regarding 3%, so within other words these people are trying to find earnings in the neighbourhood of approximately $82 million compared to first quarter revenue of $73. 6 million. Earlier check here dealt up from $33 going to $41 but once it broke that level that tried for $42 after which in the particular mid $43 selection it hit a new ceiling and fell sharply towards the $32 range which was upon good earnings. So remember that if an individual jump into this one as of which same ceiling may possibly still exist.
Solitary Star Technologies (NYSE: LSS) traded upwards $2. 94 to close at $46. 54, presently there is simply no news out in addition to the stock traded almost triple typically the daily volume, investing close to 2. 8 million stocks. Now I need in order to lay something out there for you about this one, the final time that it traded at $47. 55 that has been upon March 10, 2006, the stock picture up to $62. 99 by middle of the April but arrived tumbling down immediately afterwards. So this kind of could possibly be one to look at just plan out your current exit point prior to diving in.
Right here is another inventory that traded more than triple their regular volume, NS Group, Inc (NYSE: NSS) which traded upwards $1. 21 in order to close at $45. 76 on more than 1. 4 , 000, 000 shares traded. Nowadays the company produces seamless and welded tubular steel items to the energy market. Even though the stock traded in the $48 range yesterday, My partner and i is considering precisely what it closed with, which is $45. 76. The previous time it closed over $46. 50, which was back April, the stock shot up close to $52, then slipped down some sort of bit and next traded up in order to the $55 selection and then that nosedived to typically the $45 range the few weeks after. So there might be something in this article, you just will need to be throughout tune to the trading on the share, just like Only Star, just choose your entry and even exit points ahead of hand and stay with it.
Other stocks of which made nice moves on Tuesday include Dean Foods (NYSE: DF) which traded upward $1. 35 to shut at $36. 05, Apple computer (NASDAQ AAPL) traded upward $1. 32 to shut at $58. thirty two, Intuit (NASDAQ: INTU) traded up $1. 25 to close at $52. 69, Wellcare Health Programs (NYSE: WCG) dealt up $1. 18 to close at $49. 48, Hologic (NASDAQ: HOLX) traded way up $1. 42 to be able to close at $36. 94 and Ideal Buy (NYSE: BBY) shot up $2. 66 to close at $51. 69.
Under 10
Other stocks that produced moves on the upside under ten cash include MicroFinancial (AMEX: MFI), an products leasing company that at one stage traded in typically the $16 range nevertheless which was a rather long time ago, typically the stock traded way up 19 cents to close at $3. 59 on tiny to no volume. There is really no curiosity in the stock by the streets, I just described it because an individual actually bought the stock.
Peru Copper mineral (AMEX: CUP) chance up 20 mere cents to close from $4. 30 in Tuesday, now this specific stock has exchanged wildly with rumours of your takeover simply by Southern Copper (NYSE: PCU), now because we said the particular company announced that Southern Copper will be not the sole seafood in the ocean. With metals reaching a bottom in this particular range you can expect the interest inside Peru Copper in order to spring up once again as any suitors which might be out generally there are sitting about the sidelines awaiting the right moment. As being an investor an individual want to buy on rumor and sell on news, not the other way around. So anticipate Peru Copper to get some interest, trade a little higher in the arriving days and days, and you may well want to check out other gold, silver and copper service providers that fell coming from grace lately since the sell off was overdone.
Back inside of March NPS Pharaceutical medication (NASDAQ: NPSP) dealt in the $14 variety but since then that has fallen to be able to the $4. 95 range where that closed on Tues, up 15 pennies. This tumble had been due to federal government regulators proposing some sort of new clinical trial for their PREOS drug. Now in spite of their improved income and revenue staying shown the avenue had no mercy within this one. At this point their particular negative EPS is extremely close to their stock price. And so on the pumps of that debacle the company decided to restructure, getting rid of half of its staff, closing services and scrapping an offer that they acquired with Allergan in order to promote its serious dry eye medicine Restasis. The stock is at the 52 week lower, which is also their all of time low, quite much, and typically the damage is carried out, so you could see an upward swing action in the share but not overnight. We really do not see it trading under $4 so the particular downside is limited compared to their benefit potential. Do your homework upon this one as it may be something to consider.
Other stocks that moved higher the other day under ten bucks included Waster Solutions (NASDAQ: WSII) which in turn traded up twelve cents to shut at $2. ninety two, McData Corp (NASDAQ: MCDTA) traded up 10 cents in order to close at $4. 03, AVI Biopharma (NASDAQ: AVII) bought and sold up 9 dollars to close in $3. 39 in over 1. 2 million shares traded and Bookham (NASDAQ: BKHM) which dealt up 21 cents to close with $3. 18.
Downers
Other stocks that traded down yesteryear included Bear Stearns (NYSE: BSC) which in turn traded down $8. 30 to close at $123. 43, Goldman Sachs (NYSE: GS) which traded down $5. 75 to close with $139. 25, UBS AG (NYSE: UBS) which traded along $4. 35 to shut at $98. 76 and Blackrock (NYSE: BLK) which exchanged down $4. 85 to close in $123. 59. At this point they are part of the financial sector that received hammered as regarding late, but its oversold. Investors want to check from the brokerage stocks again as Purchase banking is modifying in so a lot of ways and buying and selling revenue will grow in 2006. Many of us just need to live in tune to be able to the industry, although these stocks needs to have some type of bounce today and even longer term have to do well.
Hansen Normal (NASDAQ: HANS) exchanged down $6. summer to close with $149. 95 these people are going to be able to be splitting soon.
Baidu. com (NASDAQ: BIDU) traded straight down $5. 99 in order to close at $78. 20, this sell off is related to typically the drop in rising markets. This looks to be oversold in case it fractures the $77. sixty six mark it could fall into the particular mid $60 range. So just get along with it.
Other stocks that traded down include Rj Tinto (NYSE: RTP) which traded straight down $4. 77 to be able to close at $185. 25, Arcadis (NASDAQ: ARCAF) traded down $4. 27 in order to close at $39. 35 and Toyota Motor (NYSE: TM) which traded down $4. 20 to shut at $95. 51.
Now some stocks and options under ten cash that received the royal smack decrease yesterday include Datalink (NASDAQ: DTLK) which in turn traded down $1. 05 to near at $4. ninety six, Gold Reserve Inc (AMEX: GRZ) traded down 74 mere cents to shut at$3. 96, Fieldpoint Petroleum (AMEX: FPP) traded straight down 60 cents in order to close at $4. 51, Bema Platinum (AMEX: BGO) dealt down 50 mere cents to close at $4. 10, Miramar Mining (AMEX: MNG) traded down 43 cents to close at $3. 16 and Transmeridian Pursuit (AMEX: TMY) which usually traded down 45 cents to close at $4. forty five.
Analyst Upgrades/Downgrades
Recent Analyst upgrades include Dean Foods (NYSE: DF) which was upgraded to an Overwieght from a Fairly neutral Weight by Prudential Equity Group, Omega Financial Corp (NASDAQ: OMEF) was enhanced to some Neutral through a Sell simply by Janney Montgomery, Iowa Casualty (NASDAQ: OCAS) was upgraded in order to a Buy coming from a Hold by Deustch Bank Stock options and Kronos Inc (NASDAQ: KRNO) seemed to be upgraded to a Buy from a Neutral by Sidoti & Co.
Current Analyst downgrades consist of Jabil Circuit (NYSE: JBL) which had been downgraded to a new Hold from a Buy by Citigroup, Piedmont Natural Gas (NYSE: PNY) was cut down to a Neutral coming from a Buy by Janney Montgomery, Huge Worldwide (NASDAQ: MNST) was downgraded to be able to a Market Execute from a Sturdy Buy by Janney Montgomery and Ocean Energy Partners (NYSE: PPX) was downgraded to a Maintain from your Buy by simply AG Edwards.
Latest analyst coverage initiations include Global Payments (NYSE: GPN) which usually was initiated together with a Buy rating by Janney Montgomery, Smith Micro Software program (NASDAQ: SMSI) was initiated with some sort of Buy rating in addition to a $24 cost target by Lazard Capital Markets and even Arch Chemicals (NYSE: ARJ) which was initiated with a Buy rating by Sidoti & Co.
India features been a huge buyer of valuable metals for all the models, this specific emerging market was a big catalyst in the mining harvests craze. Now that along with typically the other slipping emerging markets such as Brazil, Russia, Cina, South Korea also known as the "BRICK" nations around the world, India has fasten their belt. And so supply and desire has come in to play. Those highflying metals stocks include been knocked straight down but we're able to observe a slight rebound in the forthcoming weeks.
Companies that are located in the particular "BRICK" countries and trade here in the United States, throughout the board are already evacuated from, the money flow out involving these firms have caused those to slip nearly on a regular basis. But this may be the perfect time to start to seem at these companies once more just to find a handle on those companies that will were guilty simply by association and dragged down.
The Nasdaq has fallen intended for the 8th right day, today might mark number on the lookout for and that is definitely something that has not happened since 1984. While the Common & Poor's five-hundred closed at a new seven month very low yesterday. This really is almost all due to worries that the FOMC will raise interest rates, so hold in their because there are gems in this kind of rubble that you may want in order to pick-up, you just need to be patient.
In the alternative energy market, you have a new company that can begin trading right now and they are in the Ethanol video game. VeraSun Energy Company (NYSE: VSE) The Company has Ethanol plants in both Grand rapids and South Dakota. They sell some sort of branded fuel, VE85, at service channels in the Midwest. Now this is a real be in the Ethanol arena, but this is usually one of a few Ethanol companies which will be taken public immediately. Even though the particular initial budge has come from Polish capitol Hill, that is not enough to be able to drive the buyers to the frontlines of those new concerns. So the timing may possibly be wrong in addition to these new issues just may place a ton of pressure on other publicly traded Ethanol companies once these people hit the industry, such because Pacific Ethanol (NASDAQ: PEIX).
Nonetheless it can have a ripple effect and trickle down to various other alternative energy companies which may be involved inside the solar electric power arena.
Tropical Thunderstorm Alberto refused the burners before this hit Florida yesteryear and would not create the danger than most forecasters believed. So the surprise never made this to Hurricane status, and just trashed rain on the areas near Tallahassee, Florida.
Movers plus Shakers
Some significant movers in yesterdays trading session involved Maverick Tube Corp (NYSE: MVK), the stock soared to be able to close up $16. 99 at $62. 65 when they decided to be bought by Tenaris (NYSE: TS) for more than $3. 19 million or $65 a share. Tenaris made this the dollars deal, which made it even more attracting the board of Maverick Tubing.
Diodes, Inc (NASDAQ: DIOD) shot up to close upwards $4. 94 at $38. 39, this is based on the particular semiconductor company saying that they were increasing their first quarter guidance, So they will expect growth involving 10-12% in contrast to regarding 3%, so within other words these people are trying to find earnings in the neighbourhood of approximately $82 million compared to first quarter revenue of $73. 6 million. Earlier check here dealt up from $33 going to $41 but once it broke that level that tried for $42 after which in the particular mid $43 selection it hit a new ceiling and fell sharply towards the $32 range which was upon good earnings. So remember that if an individual jump into this one as of which same ceiling may possibly still exist.
Solitary Star Technologies (NYSE: LSS) traded upwards $2. 94 to close at $46. 54, presently there is simply no news out in addition to the stock traded almost triple typically the daily volume, investing close to 2. 8 million stocks. Now I need in order to lay something out there for you about this one, the final time that it traded at $47. 55 that has been upon March 10, 2006, the stock picture up to $62. 99 by middle of the April but arrived tumbling down immediately afterwards. So this kind of could possibly be one to look at just plan out your current exit point prior to diving in.
Right here is another inventory that traded more than triple their regular volume, NS Group, Inc (NYSE: NSS) which traded upwards $1. 21 in order to close at $45. 76 on more than 1. 4 , 000, 000 shares traded. Nowadays the company produces seamless and welded tubular steel items to the energy market. Even though the stock traded in the $48 range yesterday, My partner and i is considering precisely what it closed with, which is $45. 76. The previous time it closed over $46. 50, which was back April, the stock shot up close to $52, then slipped down some sort of bit and next traded up in order to the $55 selection and then that nosedived to typically the $45 range the few weeks after. So there might be something in this article, you just will need to be throughout tune to the trading on the share, just like Only Star, just choose your entry and even exit points ahead of hand and stay with it.
Other stocks of which made nice moves on Tuesday include Dean Foods (NYSE: DF) which traded upward $1. 35 to shut at $36. 05, Apple computer (NASDAQ AAPL) traded upward $1. 32 to shut at $58. thirty two, Intuit (NASDAQ: INTU) traded up $1. 25 to close at $52. 69, Wellcare Health Programs (NYSE: WCG) dealt up $1. 18 to close at $49. 48, Hologic (NASDAQ: HOLX) traded way up $1. 42 to be able to close at $36. 94 and Ideal Buy (NYSE: BBY) shot up $2. 66 to close at $51. 69.
Under 10
Other stocks that produced moves on the upside under ten cash include MicroFinancial (AMEX: MFI), an products leasing company that at one stage traded in typically the $16 range nevertheless which was a rather long time ago, typically the stock traded way up 19 cents to close at $3. 59 on tiny to no volume. There is really no curiosity in the stock by the streets, I just described it because an individual actually bought the stock.
Peru Copper mineral (AMEX: CUP) chance up 20 mere cents to close from $4. 30 in Tuesday, now this specific stock has exchanged wildly with rumours of your takeover simply by Southern Copper (NYSE: PCU), now because we said the particular company announced that Southern Copper will be not the sole seafood in the ocean. With metals reaching a bottom in this particular range you can expect the interest inside Peru Copper in order to spring up once again as any suitors which might be out generally there are sitting about the sidelines awaiting the right moment. As being an investor an individual want to buy on rumor and sell on news, not the other way around. So anticipate Peru Copper to get some interest, trade a little higher in the arriving days and days, and you may well want to check out other gold, silver and copper service providers that fell coming from grace lately since the sell off was overdone.
Back inside of March NPS Pharaceutical medication (NASDAQ: NPSP) dealt in the $14 variety but since then that has fallen to be able to the $4. 95 range where that closed on Tues, up 15 pennies. This tumble had been due to federal government regulators proposing some sort of new clinical trial for their PREOS drug. Now in spite of their improved income and revenue staying shown the avenue had no mercy within this one. At this point their particular negative EPS is extremely close to their stock price. And so on the pumps of that debacle the company decided to restructure, getting rid of half of its staff, closing services and scrapping an offer that they acquired with Allergan in order to promote its serious dry eye medicine Restasis. The stock is at the 52 week lower, which is also their all of time low, quite much, and typically the damage is carried out, so you could see an upward swing action in the share but not overnight. We really do not see it trading under $4 so the particular downside is limited compared to their benefit potential. Do your homework upon this one as it may be something to consider.
Other stocks that moved higher the other day under ten bucks included Waster Solutions (NASDAQ: WSII) which in turn traded up twelve cents to shut at $2. ninety two, McData Corp (NASDAQ: MCDTA) traded up 10 cents in order to close at $4. 03, AVI Biopharma (NASDAQ: AVII) bought and sold up 9 dollars to close in $3. 39 in over 1. 2 million shares traded and Bookham (NASDAQ: BKHM) which dealt up 21 cents to close with $3. 18.
Downers
Other stocks that traded down yesteryear included Bear Stearns (NYSE: BSC) which in turn traded down $8. 30 to close at $123. 43, Goldman Sachs (NYSE: GS) which traded down $5. 75 to close with $139. 25, UBS AG (NYSE: UBS) which traded along $4. 35 to shut at $98. 76 and Blackrock (NYSE: BLK) which exchanged down $4. 85 to close in $123. 59. At this point they are part of the financial sector that received hammered as regarding late, but its oversold. Investors want to check from the brokerage stocks again as Purchase banking is modifying in so a lot of ways and buying and selling revenue will grow in 2006. Many of us just need to live in tune to be able to the industry, although these stocks needs to have some type of bounce today and even longer term have to do well.
Hansen Normal (NASDAQ: HANS) exchanged down $6. summer to close with $149. 95 these people are going to be able to be splitting soon.
Baidu. com (NASDAQ: BIDU) traded straight down $5. 99 in order to close at $78. 20, this sell off is related to typically the drop in rising markets. This looks to be oversold in case it fractures the $77. sixty six mark it could fall into the particular mid $60 range. So just get along with it.
Other stocks that traded down include Rj Tinto (NYSE: RTP) which traded straight down $4. 77 to be able to close at $185. 25, Arcadis (NASDAQ: ARCAF) traded down $4. 27 in order to close at $39. 35 and Toyota Motor (NYSE: TM) which traded down $4. 20 to shut at $95. 51.
Now some stocks and options under ten cash that received the royal smack decrease yesterday include Datalink (NASDAQ: DTLK) which in turn traded down $1. 05 to near at $4. ninety six, Gold Reserve Inc (AMEX: GRZ) traded down 74 mere cents to shut at$3. 96, Fieldpoint Petroleum (AMEX: FPP) traded straight down 60 cents in order to close at $4. 51, Bema Platinum (AMEX: BGO) dealt down 50 mere cents to close at $4. 10, Miramar Mining (AMEX: MNG) traded down 43 cents to close at $3. 16 and Transmeridian Pursuit (AMEX: TMY) which usually traded down 45 cents to close at $4. forty five.
Analyst Upgrades/Downgrades
Recent Analyst upgrades include Dean Foods (NYSE: DF) which was upgraded to an Overwieght from a Fairly neutral Weight by Prudential Equity Group, Omega Financial Corp (NASDAQ: OMEF) was enhanced to some Neutral through a Sell simply by Janney Montgomery, Iowa Casualty (NASDAQ: OCAS) was upgraded in order to a Buy coming from a Hold by Deustch Bank Stock options and Kronos Inc (NASDAQ: KRNO) seemed to be upgraded to a Buy from a Neutral by Sidoti & Co.
Current Analyst downgrades consist of Jabil Circuit (NYSE: JBL) which had been downgraded to a new Hold from a Buy by Citigroup, Piedmont Natural Gas (NYSE: PNY) was cut down to a Neutral coming from a Buy by Janney Montgomery, Huge Worldwide (NASDAQ: MNST) was downgraded to be able to a Market Execute from a Sturdy Buy by Janney Montgomery and Ocean Energy Partners (NYSE: PPX) was downgraded to a Maintain from your Buy by simply AG Edwards.
Latest analyst coverage initiations include Global Payments (NYSE: GPN) which usually was initiated together with a Buy rating by Janney Montgomery, Smith Micro Software program (NASDAQ: SMSI) was initiated with some sort of Buy rating in addition to a $24 cost target by Lazard Capital Markets and even Arch Chemicals (NYSE: ARJ) which was initiated with a Buy rating by Sidoti & Co.
Public Last updated: 2022-04-01 02:32:43 PM