| Just Answers |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Finance > Investing > Wall Street to Main Street: News, Views and Commentary: June 15, 2006 |
|
Just Answers - Wall Street to Main Street: News, Views and Commentary: June 15, 2006
It’s Thursday June 15, 2006, and finally we had an up day, the market showed some strength pretty much for the entire trading session, granted it was modest but definitely a welcome sight. The Nasdaq avoided making history by being down for a ninth day in a row and the S&P 500 broke that 7-month slide. Yesterday morning the Labor Department reported that the May Consumer Price Index aka the CPI rose 0.4 percent, after a 0.6 percent rise in April. This is beyond the comfort level of the inflation fighting Fed. These latest numbers are pretty much an indication that the Fed will raise interest rates on June 29, 2006. So we may have to prepare ourselves for another bump up in August but lets not get too ahead of ourselves just yet. Political Front It looks like Iran’s master plan may be coming to light as Iran's President According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product Mahmoud Ahmadinejad stated that he wants to increase cooperation with a central Asian security group that includes China and Russia and that the region needs a solid wall against any outside interference. This was said at the S'hanghai Cooperation Organization Summit, which consisted of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. China has publicly said that they will not be a member of the group, that is the story today anyway, as we know tomorrow always brings another element into the mix. Now sticking to the Shanghai Cooperation Organization Summit or the SCO Summit, Russia's president Vladimir Putin made a proposal while he spoke at the SCO, he proposed the creation of an energy club within the SCO and mentioned that Russia could actually finance some economic projects pursued by the six-nation regional forum. ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in And the plot thickens. President Bush spoke on Wednesday, this comes on the heels of a surprise visit that he made to Baghdad. He looked confident as he stated that he senses something very different happening in Iraq. He predicted that the progress in the region will be steady and he looks for the violence to subside. The Bank of Japan’s Governor Toshihiko Fukui issued a public apology to the Japanese parliament on Thursday as it related to an investment that he made in a fund run by an ex-bureaucrat arrested for suspected insider trading, he said he would not keep any profit. He invested approximately $87,000 back in 1999 and held it since then, so this was not a recent investment and was prior to the arrest of the high profile fund manager Yoshiaki Murakami. Tid Bits Boeing (NYSE: BA) should be the recipient or bett lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. er yet the beneficiary of the recent slide of Airbus. The credibility of EADS, who is the majority owner of Airbus, was questioned after the company reported substantial delays of their A380 super jumbo planes. This just sliced over 30% of the company’s stock value off the top. Now keep in mind that these delays may be contract breakers and Boeing could begin to receive a slew of orders for their latest plane that was created to compete with Airbus. The street liked what they heard and that pushed Boeing up $5.03 as it closed at $82.01 on Wednesday. Goldman Sachs (NYSE: GS) is not taking any prisoners on this one, they have raised their offer for largest port operator, Associated British Ports Plc, by 3.7% or US$4.76 billion (2.58 billion pounds). This is in an effort to trump a potential offer from Macquarie Bank Ltd. Th here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe acquisition of this company puts Goldman Sachs in an interesting position as they could now be granted U.S. port deals with ease. A recommendation from the new Treasury Secretary Hank Paulson doesn’t hurt their cause either. Crude oil futures got a boost yesterday on the heels of a report from the United States that showed US crude stocks suffered a larger-than-expected fall as US refineries boosted production rates to meet peak summer fuel demand. So we may see follow through today. As we mentioned on Wednesday, precious and base metals seems to have come close to hitting a bottom, but we need follow through before we can be sure of that. Gold, Silver, Copper and other metals rose yesterday and could possibly rise today as the demand is coming into play once again. The precious metals are potentially closer to a bottom d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro than the base metals so be aware of that going in. Of course this trickle down to the metals stocks, companies like Rio Tinto (NYSE: RTP), BHP Billiton (NYSE: BHP), Crystallex International (AMEX: KRY), Phelps Dodge (NYSE: PD) Newmont Mining (NYSE: NEM), Peru Copper (AMEX: CUP) and Bema Gold (AMEX: BGO) should move higher as the metals begin to rebound. So lets look at this carefully today and going into the weekend. Lehman Brothers (NYSE: LEH) is looking to make a slash in Asia, as they are prepared to invest US$20 to $30 million in Shenzhen Development Bank, which is one of only five banks listed in China. As we have been speaking about on “Wall Street to Main Street” the expansion in both China and India will continue because the market is so great. The inflation worries that have been dragging on the markets globally ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc cannot curb what is on tap to happen. If companies like Citigroup (NYSE: C), JP Morgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Bear Sterns (NYSE: BSC), Lehman Brothers (NYSE: LEH) and UBS AG (NYSE: UBS) plan on competing in the future they have to solidify themselves as global players now so they can be well established for the future. This is beyond the financial industry, this holds true for retail, food, beverage, manufacturing and the automobile industry. General Motors (NYSE: GM) amidst their bumps in the road are growing nicely overseas, and believe it or not that is where the continued growth will be for a lot of industries. So investors should look deeper into global market conditions and take a good look at the companies that stand to benefit. Movers and Shakers Some major movers in yesterdays trading session inc easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi uded Hansen Natural (NASDAQ: HANS) this seems to be a main stay on WSMS but the stock continues to swing almost on a daily basis, it traded up $7.81 to close at $157.76 on Wednesday. As the base metals saw some light yesterday so have the companies involved in the industry, Carpenter Technology (NYSE: CRS) rose $4.19 to close at $99.37, the stock has fallen from their May 2006 high of $142.11. Keep in mind that prior to the spike in base metals the stock was hanging in the $60 range, as we said precious metals seem to have hit a relative bottom, more so than base metals. In a move that will put certain issues to bed for both German companies, Bayer (NYSE: BAY) and Merck (NYSE: MRK) have come to terms and Bayer will pay Merck US$4.6 billion for its share of Schering, a move that clears the way for Bayer to acquire Scherin nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically g. This was good news for the street as Bayer rose $3.07 to close at $41.28 on Wednesday/ After slipping from the $72 range in May 2006 and closing as low as $56.86 in June, Nutrisystem, Inc (NASDAQ: NTRI) on the heels of bump up from Lazard Capital, rose $$2.84 to close at $59.70. The stock shot up in April from the mid $40 range to its 52 week high of $76.33 on a positive quarter and the launch of a marketing campaigned geared towards males. Now this quarter will tell the story of Nutrisystem and show whether this campaign met the expectations of not only the company but of the street. Other stocks that made nice moves on Wednesday include Casey’s General Stores (NASDAQ: CASY) traded up $4.04 to close at $24.83, PetroChina (NYSE: PTR) traded up $3.84 to close at $94.47, Oil Services HOLDR’s (NYSE: OIH) traded up $3.57 and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ o close at $135.67, Monster Worldwide (NASDAQ: MNST) traded up $3.36 to close at $38.94, Kookmin Bank (NYSE: KB) traded up $3.45 to close at $76.65 and SouthWestern Energy (NYSE: SWN) traded up $3.25 to close at $28.05 on Wednesday. Under Ten Other stocks that made moves on the upside under ten bucks include Gold Reserve Inc (AMEX: GRZ), the stock moved up as the precious metals started to rise, if this should continue they are one of a few companies that stand to make nice movement. Gold Reserve traded up 84 cents to close at $4.80 on Wednesday. Other stocks to look at under ten bucks that stand to benefit for the bounce include Silver Wheaton (NYSE: SLW), Crytallex International (AMEX: KRY) and Bema Gold (AMEX: BGO). Taser International (NASDAQ: TASR) made some movement on the upside as its Chairman Phillips W. Smith ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi bought $762,000 worth of the company's stock. This usually gives a boost to the level of investor confidence in the stock. Even though that pushed the stock to close up 55 cents at $$8.02, you have to understand that back in December of 2004 this was a $31 stock. Now I haven’t had the opportunity to look deep into the company so I am not aware if it split or not while it was at its highs, but from my initial look, it doesn’t seem so. So proceed with caution on this one. Chinese telephone maker Qiao Xing Universal Telephone Inc. (NASDAQ: XING) moved higher yesterday even after they raised US$40 million in a convertible bond offering. The company made some bold statements ahead of the release of their 2005 earnings on June 20, 2006,. The company stated that the their 2005 basic earnings per share, before one-time gains, wil ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a l "increase significantly" to well above $1, that is compared to 17 cents per share in 2004. Now that is a bold statement but what are those one-time gains?, this one is tricky as the company touting their earnings prior to the earnings announcement scheduled to be release in a few days just raises a red flag for me, but I could be wrong. The stock traded up 55 cents to close at $8.02 on Wednesday. Other stocks that moved higher yesterday under ten bucks included Emcore Corp (NASDAQ: EMKR) which traded up 84 cents to close at $8.69, Internet Initiative Japan (NASDAQ: IIJI) traded up 50 cents to close at $6.99, Sunopta ((NASDAQ: STKL) traded up 45 cents to close at $7.92, Anadigics (NASDAQ: ANAD) traded up 44 cents to close at $6.64 and Arm Holdings (NASDAQ: ARMHY) traded up 42 cents to close at $6.18. Downers Some stoc dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod s that traded down yesterday included OYO Geospace (NASDAQ: OYOG) which traded down $6.74 to close at $47.50, Teleflex (NYSE: TFX) traded down $4.66 to close at $53.38, OptionsXpress (NASDAQ: OXPS) traded down $3.81 to close at $22.23, Regional Bank Holders (NYSE: RKH) traded down $2.08 to close at $143.55, Pegasus Wireless (NASDAQ: PGWC) traded down $1.97 to close at $6.70, Apollo Group (NASDAQ: APOL) traded down $1.73 to close at $52.61 and Sunrise Senior Living (NYSE: SRZ) which trade down $1.62 to close at $28.80. Now some stocks under ten bucks that received the royal smack down yesterday include Terremark Worldwide (AMEX: TWW) drops like a rock on a wider quarterly loss. The stock traded down $2.42 to close at $3.69,of course the downgrades didn’t help the situation but this is a big drop and could flag a ton of mar cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin gin calls if it has not already. So this drop could continue today. Now this is a recent IPO that has fallen from its IPO price, Basin Water (NASDAQ: BWTR) sells systems for the treatment of contaminated groundwater, which is their line of business. The stock opened at $15.70 when it came public in May, that’s $3.70 above its IPO price of $12. The stock traded as high as $16.55 but that was then and this is now, the stock traded down $2.35 to close at $9.65 yesterday. The stock may get a little bounce to keep it about the $10 mark this week. Others under ten bucks that traded down yesterday include InvesTools (NASDAQ: IEDU) traded down $1.07 to close at $7.79, Hurley Industries (NASDAQ: HRLY) traded down 85 cents to close at $9.21, National Coal (NASDAQ: NCOC) traded down 79 cents to close at $6.82, SunTerra Corp (NASDA tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen : SNRR) traded down 66 cents to close at $9.02 and UQM Technologies (AMEX: UQM) traded down 60 cents to close at $3.32. Analyst Upgrades/Downgrades Recent Analyst upgrades include Wabtec Corp (NYSE: WAB) was upgraded to a Buy from a Neutral by Janney Montgomery, Ladish Inc (NASDAQ: LDSG) was upgraded to a buy from a Neutral by Sidoti & Co, Sycamore Networks (NASDAQ: SCMR) was upgraded to a Hold from a Sell by Citigroup Investment Research, Celestica (NYSE: CLS) was upgraded to a Buy from a Neutral by UBS, Suez (NYSE: SZE) was upgraded to a Buy from a Hold by Deutsche Bank Securities, Barr Labs (NYSE: BRL) was upgraded to an Overweight from a Neutral Weight by Prudential Equity Group and Black & Decker (NYSE: BDK) was upgraded to a Buy from a Hold by Citigroup Investment Research. Recent Analyst downgrades include Gener t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel l Mills (NYSE: GIS) was downgraded to a Hold from a Buy by Citigroup Investment Research, Volt Information Sciences (NYSE: VOL) was downgraded to a Neutral from a Buy by Sidoti & Co, Alexander & Baldwin (NASDAQ: ALEX) was downgraded to a Buy from an Average by Caris & Company, Maverick Tube (NYSE: MVK) was downgraded to an Under Perform from a Market Perform by Raymond James and to a Sell from a Hold by AG Edwards, and New Century Financial (NYSE: NEW) was downgraded to a Market Perform from a Market Outperform by JMP Securities. Recent analyst coverage initiations include Cognizant Technology (NASDAQ: CTSH) was initiate with a Hold rating by Clear Asset Management, Saxon Capital, Inc (NYSE: SAX) was initiated with a Hold rating and a $10.25 price target by Deutsche Bank Securities, Brown Show Inc (NYSE: BWS) was initiate ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust d with a Buy rating by Sidoti & Co, Northstar Neurosciences (NASDAQ: NSTR) was initiated with an Outperform rating by Cowen & Co and Mobility Electronics (NASDAQ: MOBE) was initiated with a Buy rating by Sidoti & co. FURIOUS FIVE For our outlook, and other vital information on the companies that we feature as the "FURIOUS FIVE" on Wall Street to Main Street just subscribe for FREE at www.namcnewswire.com We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products void a run up. NAMC Newswire Note Go to the NAMC Newswire for updates at www.namcnewswire.com and you can listen to the NAMC Radio for the audio version of “Wall Street to Main Street” at www.namcnewswire.com/namcradio To register to receive the Wall Street to Main Street Free Daily Newsletter Click Here or go to our site and click on the Newsletter section. www.namcnewswire.com/newsletter CEO’s that want to contact us can do so by going to www.namcnewswire.com or call us at 888-463-9237. Louis Victor NAMC Newswire 888-463-9237 Disclaimer: None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transact . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de ion, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors sho elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ld consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security. All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Closing Sales Is Not A Problem, It's A Process Virtual Private Servers Compared to Shared Hosting Investing Offshore – How To Make Bigger Gains More Privacy & Pay Less Tax
|