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Stock market to Main Streets: News, Views in addition to Commentary: June 16, 2006
It's Wednesday June 14, 2006, and that we are trying to obtain over the hump of the buying and selling week but the worry still looms panoramic. Metals possess been dropping just like a rock, Gold and Silver have dropped over 20% from their highs, and this is partially owing to the cut down in demand through the jewelry market and the decrease in demand through India.

India offers been a big buyer of important metals across the board, this emerging market had been a big prompt in the mining harvests craze. Now of which along with the other slipping growing markets such because Brazil, Russia, Tiongkok, South Korea otherwise known as the "BRICK" countries, India has fasten their belt. And so supply and demand has come into play. Those highflying metals stocks possess been knocked straight down but we could notice a slight recovery in the on its way weeks.

more info that are located in the particular "BRICK" countries plus trade here in the particular United States, around the board are actually evacuated from, the cash flow out regarding these companies have caused them to slip nearly on a regular basis. But this may be the perfect time to start to seem at these businesses once again just to obtain a handle in those companies of which were guilty by simply association and dragged down.

The Nasdaq has fallen with regard to the 8th straight day, today may mark number being unfaithful and that is usually something that has not happened since 1984. While the Common & Poor's five-hundred closed at a new seven month low yesterday. This is certainly just about all due to problems that the FOMC will raise curiosity rates, so suspend in their since there are gems in this particular rubble that a person may want to get, you merely need to be patient.

In the alternative energy market, you have the company that will certainly begin trading today and they are usually in the Ethanol video game. VeraSun Energy Company (NYSE: VSE) The particular Company has Ethanol plants in the New jersey and South Dakota. They sell a new branded fuel, VE85, at service areas in the Midwest. This is a pure be in the Ethanol arena, but this is usually one of about three Ethanol companies that will be taken public quickly. Even though typically the initial budge offers come from Capitol Hill, that is definitely not enough to drive the shareholders to the frontlines of such new problems. So the timing might be wrong and these new problems just may put a ton involving pressure on additional publicly traded Ethanol companies once they hit the market, such while Pacific Ethanol (NASDAQ: PEIX).

However it can have a ripple effect and drip down to additional alternative energy firms that could be involved within the solar strength arena.

Tropical Storm Alberto refused typically the burners before this hit Florida last night and failed to cause the danger compared with how most forecasters believed. So the thunderstorm never made it to Hurricane status, and just left rain on the particular areas near Tallahassee, Florida.

Movers and Shakers

Some main movers in the past days trading session involved Maverick Tube Corp (NYSE: MVK), typically the stock soared to close up $16. 99 at $62. 65 after they arranged to be bought by Tenaris (NYSE: TS) for above $3. 19 million or $65 a share. Tenaris made this a great funds deal, which made it even considerably more attracting the table of Maverick Tube.

Diodes, Inc (NASDAQ: DIOD) shot way up to close upward $4. 94 from $38. 39, this is based on the particular semiconductor company saying that they have been increasing their second quarter guidance, So these people expect growth involving 10-12% instead of regarding 3%, so in other words that they are looking for revenue in the area of approximately $82 million when compared with first quarter revenue regarding $73. 6 thousand. Earlier this 12 months the stock dealt up from $33 to hit $41 although once it got destroyed that level this tried for $42 and after that in the particular mid $43 selection it hit some sort of ceiling and dropped sharply for the $32 range which was on good earnings. Therefore keep that in mind if a person jump into this particular one as that will same ceiling might still exist.

Solitary Star Technologies (NYSE: LSS) traded up $2. 94 to close at $46. 54, presently there is zero news out plus the stock traded almost triple typically the daily volume, trading close to a couple of. 8 million gives you. I need in order to lay something out there for you about this one, the previous time that that traded at $47. 55 which was on March 10, 2006, the stock chance up to $62. 99 by core April but came tumbling down shortly afterwards. So this particular might be one to look at merely plan out your current exit point just before diving in.

Below is another share that traded above triple their common volume, NS Team, Inc (NYSE: NSS) which traded way up $1. 21 to close at $45. 76 on above 1. 4 million shares traded. Today the company makes seamless and welded tubular steel goods for the energy sector. However website exchanged in the $48 range yesterday, We are considering what it closed in, which is $45. 76. The final time that it sealed over $46. 50, which was in April, the share shot up near to $52, then slipped down the bit and then traded up in order to the $55 selection and then it nosedived to typically the $45 range a new few weeks later. So there may possibly be something right here, you just require to be within tune to the trading on the inventory, just like Only Star, just pick your entry plus exit points prior to hand and stick to it.

Other stocks of which made nice progresses Tuesday include Leader Foods (NYSE: DF) which traded way up $1. 35 to close at $36. 05, Apple computer (NASDAQ AAPL) traded upwards $1. 32 to close at $58. thirty two, Intuit (NASDAQ: INTU) traded up $1. 25 to close up at $52. 69, Wellcare Health Programs (NYSE: WCG) traded up $1. 18 to shut at $49. 48, Hologic (NASDAQ: HOLX) traded way up $1. 42 in order to close at $36. 94 and Greatest Buy (NYSE: BBY) shot up $2. 66 to close up at $51. 69.

Under Ten

Other stocks that manufactured moves on a positive under ten cash include MicroFinancial (AMEX: MFI), an tools leasing company of which at one point traded in the $16 range although which was a very long time ago, the particular stock traded upward 19 cents in order to close at $3. 59 on tiny to no volume. There really is no attention in the share by the street, I just described it because a person actually bought typically the stock.

Peru Birdwatcher (AMEX: CUP) photo up 20 mere cents to close with $4. 30 in Tuesday, now this particular stock has bought and sold wildly with supposition of a takeover by Southern Copper (NYSE: PCU), now while we said typically the company announced that Southern Copper is definitely not the sole seafood in the ocean. With metals reaching a bottom with this range you may expect the interest inside of Peru Copper to be able to spring up once more as any suitors which are out right now there are sitting upon the sidelines awaiting the right time. As being an investor you want to get on rumor and sell on news, not the other method around. So count on Peru Copper to gain some interest, business a little larger in the arriving days and months, and you may well want to take a look at other gold, silver precious metal and copper companies that fell by grace lately because the sell off was overdone.

Back in March NPS Pharmaceutical drugs (NASDAQ: NPSP) exchanged inside the $14 variety but since then that has fallen in order to the $4. 96 range where this closed on Wednesday, up 15 pennies. This tumble had been due to government regulators proposing a new new clinical demo for their PREOS drug. Now in spite of their improved revenue and revenue being shown the streets had no compassion with this one. In this point their own negative EPS is extremely close to their stock price. And so on the high heels of that ordeal the company made a decision to restructure, eliminating half of their staff, closing services and scrapping an offer that they got with Allergan to promote its long-term dry eye drug Restasis. The inventory is at the 52 week lower, which is also their all of time low, pretty much, and the particular damage is done, so you may see an upward swing in the stock however, not overnight. I really tend not to observe it trading below $4 so the bad thing is limited in comparison to their benefit potential. Do your research about this one as it may be something to consider.

read more of which moved higher yesterday under ten money included Waster Solutions (NASDAQ: WSII) which usually traded up twelve cents to close up at $2. 92, McData Corp (NASDAQ: MCDTA) traded upward 10 cents to close at $4. 03, AVI Biopharma (NASDAQ: AVII) dealt up 9 pennies to close from $3. 39 in over 1. 2 million shares dealt and Bookham (NASDAQ: BKHM) which exchanged up 21 cents to close with $3. 18.

Downers

Other stocks that will traded down yesterday included Bear Stearns (NYSE: BSC) which in turn traded down $8. 30 to close up at $123. 43, Goldman Sachs (NYSE: GS) which dealt down $5. 75 to close at $139. 25, UBS AG (NYSE: UBS) which traded along $4. 35 to shut at $98. 76 and Blackrock (NYSE: BLK) which dealt down $4. 80 to close in $123. 59. Today they are component of the economic sector that got hammered as regarding late, but their oversold. Investors want to check at the brokerage shares again as Expense banking is transforming in so several ways and stock trading revenue will expand in 2006. We all just need in order to stay in tune to be able to the industry, yet these stocks really should have some type involving bounce today and longer term have to do well.

Hansen Natural (NASDAQ: HANS) exchanged down $6. summer to close with $149. 95 that they are going to be able to be splitting shortly.

Baidu. com (NASDAQ: BIDU) traded along $5. 99 to close at $78. 20, this offer off has to do with typically the drop in appearing markets. This seems to be oversold when it breaks or cracks the $77. 66 mark it could fall into the particular mid $60 selection. So just turn out to be along with it.

Various other stocks that bought and sold down include Caudal Tinto (NYSE: RTP) which traded straight down $4. 77 to be able to close at $185. 25, Arcadis (NASDAQ: ARCAF) traded straight down $4. 27 to be able to close at $39. 35 and Toyota Motor (NYSE: TM) which traded straight down $4. 20 to shut at $95. fifty-one.

Now some stocks under ten bucks that received the particular royal smack off yesterday include Datalink (NASDAQ: DTLK) which often traded down $1. 05 to close at $4. 96, Gold Reserve Inc (AMEX: GRZ) traded down 74 mere cents to close at$3. 96, Fieldpoint Petroleum (AMEX: FPP) traded lower 60 cents to be able to close at $4. 51, Bema Precious metal (AMEX: BGO) exchanged down 50 cents to close from $4. 10, Miramar Mining (AMEX: MNG) traded down 43 cents to near at $3. sixteen and Transmeridian Search (AMEX: TMY) which traded down forty cents to close up at $4. 45.

Analyst Upgrades/Downgrades

Modern Analyst upgrades include Dean Foods (NYSE: DF) which has been improved to an Overwieght from a Fairly neutral Weight by Prudential Equity Group, Omega watches Financial Corp (NASDAQ: OMEF) was better into a Neutral from a Sell by Janney Montgomery, Iowa Casualty (NASDAQ: OCAS) was upgraded to be able to a Buy coming from a Hold by Deustch Bank Securities and Kronos Inc (NASDAQ: KRNO) has been upgraded to a new Buy from a Neutral by Sidoti & Co.

Recent Analyst downgrades consist of Jabil Circuit (NYSE: JBL) which had been downgraded to a new Hold from the Buy by Citigroup, Piedmont Natural Gas (NYSE: PNY) was downgraded to a Fairly neutral from the Buy by simply Janney Montgomery, Beast Worldwide (NASDAQ: MNST) was downgraded to be able to a Market Perform from a Solid Buy by Janney Montgomery and Pacific Energy Partners (NYSE: PPX) was cut down to a Keep from the Buy simply by AG Edwards.

Recent analyst coverage initiations include Global Payments (NYSE: GPN) which often was initiated together with a Buy score by Janney Montgomery, Smith Micro Software program (NASDAQ: SMSI) had been initiated with the Buy rating in addition to a $24 cost target by Lazard Capital Markets in addition to Arch Chemicals (NYSE: ARJ) that was begun with a Purchase rating by Sidoti & Co.
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