Notes

Stock market to Main Road: News, Views and Commentary: June 13, 2006
It's Wednesday June 14, 2006, and are trying to obtain over the hump of the buying and selling week but the particular worry still harnesses panoramic. Metals have got been dropping like a rock, Gold and Silver have dropped above 20% from their very own highs, and this is partially credited to the cut down in demand through the jewelry industry and the decrease in demand coming from India.

India has been a big buyer of important metals panoramic, this kind of emerging market had been a big switch in the metals craze. Now of which along with the other slipping rising markets such because Brazil, Russia, China, South Korea otherwise known as the "BRICK" nations around the world, India has make tighter their belt. So supply and desire has come in to play. Those highflying metals stocks possess been knocked lower but we're able to see a slight come back in the forthcoming weeks.

Companies that will are located in the particular "BRICK" countries plus trade here in typically the United States, across the board happen to be evacuated from, the money flow out regarding these companies have induced those to slip nearly each and every day. But that may be time and energy to start to seem at these companies again just to get a handle on those companies of which were guilty by association and drawn down.

The Nasdaq has fallen intended for the 8th in a straight line day, today may possibly mark number 9 and that will be something that hasn't happened since 1984. While the Normal & Poor's five-hundred closed at some sort of seven month low yesterday. It is most due to issues that the FOMC will raise curiosity rates, so hang in their since there are gems in this specific rubble that an individual may want in order to pick-up, you merely need to get patient.

In the particular alternative energy industry, you have a new company that will begin trading right now and they happen to be in the Ethanol sport. VeraSun Energy Company (NYSE: VSE) The Company has Ethanol plants both in New jersey and South Dakota. They sell some sort of branded fuel, VE85, at service stations in the Midwest. Now this is a genuine play in the Ethanol area, but this is one of three Ethanol companies that is taken public quickly. Even though the initial budge features come from Polish capitol Hill, that is usually not enough in order to drive the investors to the frontlines of the new problems. Therefore the timing may well be wrong plus these new concerns just may place a ton of pressure on various other publicly traded Ethanol companies once they will to enter the market, such as Pacific Ethanol (NASDAQ: PEIX).

But it really could have a ripple effect and drip down to additional alternative energy companies that could be involved within the solar power arena.

website rejected typically the burners before that hit Florida last night and failed to pose the danger when compared to the way most forecasters forecasted. So the thunderstorm never made this to Hurricane standing, and just trashed rain on the particular areas near Tallahassee, Florida.

Movers plus Shakers

Some major 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 decided to be obtained by Tenaris (NYSE: TS) for over $3. 19 million or $65 the share. Tenaris manufactured this a great money deal, which built it even extra appealing to the table of Maverick Tube.

Diodes, Inc (NASDAQ: DIOD) shot way up to close up $4. 94 with $38. 39, this is based on the particular semiconductor company asserting that they have been increasing their second quarter guidance, So these people expect growth involving 10-12% in contrast to concerning 3%, so within other words these people are looking for earnings in the area of approximately $82 million in comparison to 1st quarter revenue associated with $73. 6 million. Earlier this season the stock traded up from $33 to hit $41 yet once it broke that level it tried for $42 after which in the particular mid $43 collection it hit a ceiling and droped sharply towards the $32 range which was in good earnings. Thus remember that if you jump into this kind of one as that will same ceiling may possibly still exist.

Lone Star Technologies (NYSE: LSS) traded way up $2. 94 to be able to close at $46. 54, now there is not any news out and even the stock bought and sold almost triple the particular daily volume, investing close to 2. 8 million gives. Now I need to lay something out and about for you within this one, the final time that it traded at $47. 55 which has been in March 10, 06, the stock shot up to $62. 99 by middle April but arrived tumbling down soon afterwards. So this may be one to be able to look at simply plan out the exit point before diving in.

In this article is another stock that traded over triple their regular volume, NS Party, Inc (NYSE: NSS) which traded upwards $1. 21 in order to close at $45. 76 on over 1. 4 , 000, 000 shares traded. Now the company produces seamless and welded tubular steel goods for the energy sector. However the stock dealt up in the $48 range yesterday, My partner and i is looking at just what it closed in, which is $45. 76. The final time which it sealed over $46. 40, which was in April, the inventory shot up close to $52, then slipped down a new bit and next traded up in order to the $55 selection and then that nosedived to the $45 range the few weeks after. So there may well be something here, you just need to be inside tune to the trading on the inventory, just like Lone Star, just choose your entry plus exit points before hand and stick to it.

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

Under Eight

Some other stocks that built moves on the upside under ten money include MicroFinancial (AMEX: MFI), an gear leasing company of which at one stage traded in the $16 range nevertheless which was a rather long time ago, typically the stock traded up 19 cents in order to close at $3. 59 on little to no volume level. There is really no attention in the inventory by the avenue, I just mentioned it because a person actually bought the stock.

Peru Copper mineral (AMEX: CUP) photo up 20 dollars to close from $4. 30 upon Tuesday, now this stock has traded wildly with supposition of your takeover by simply Southern Copper (NYSE: PCU), now as we said the particular company announced that will Southern Copper is not really the only fish in the ocean. With metals striking a bottom in this particular range you may expect the interest inside Peru Copper to be able to spring up once again as any suitors which are out generally there are sitting in the sidelines expecting the right instant. As being an investor an individual want to buy on rumor promote on news, not the other way around. So anticipate Peru Copper to gain some interest, trade a little better in the coming days and weeks, and you might want to take a look at other gold, silver precious metal and copper service providers that fell from grace lately since the sell off was overdone.

Back inside of March NPS Pharmaceutical drugs (NASDAQ: NPSP) dealt inside the $14 variety but since then this has fallen in order to the $4. ninety five range where it closed on Tues, up 15 cents. This tumble seemed to be due to federal government regulators proposing some sort of new clinical demo for their PREOS drug. Now inspite of their improved income and revenue being shown the avenue had no mercy with this one. In this point their very own negative EPS is incredibly close to their very own stock price. Thus on the high heels of that ordeal the company decided to restructure, removing half of its staff, closing services and scrapping a deal that they had with Allergan to be able to promote its serious dry eye medicine Restasis. The share is at it is 52 week minimal, which is also their all of time low, quite much, and typically the damage is performed, so you may see an upward golf swing in the stock although not overnight. My partner and i really usually do not see it trading under $4 so the particular bad thing is limited compared to their upside potential. Research your options in this one as it might be something to consider.

Other stocks that will moved higher recently under ten bucks included Waster Services (NASDAQ: WSII) which often traded up 13 cents to close up at $2. 78, McData Corp (NASDAQ: MCDTA) traded upwards 10 cents to close at $4. 03, AVI Biopharma (NASDAQ: AVII) exchanged up 9 dollars to close at $3. 39 on over 1. two million shares dealt and Bookham (NASDAQ: BKHM) which dealt up 21 pennies to close at $3. 18.

Downers

Other stocks of which traded down last week included Bear Stearns (NYSE: BSC) which often traded down $8. 30 to close at $123. 43, Goldman Sachs (NYSE: GS) which bought and sold down $5. seventy-five to close at $139. 25, UBS AG (NYSE: UBS) which traded along $4. 35 to close at $98. seventy six and Blackrock (NYSE: BLK) which traded down $4. eighty to close in $123. 59. At this point they are portion of the monetary sector that got hammered as involving late, but its oversold. Investors want to check with the brokerage stocks and shares again as Investment decision banking is changing in so several ways and investing revenue will increase in 2006. Many of us just need in order to live in tune to the industry, but these stocks needs to have some type involving bounce today and longer term have to do well.

Hansen Natural (NASDAQ: HANS) traded down $6. summer to close in $149. 95 they are going to be able to be splitting immediately.

Baidu. com (NASDAQ: BIDU) traded straight down $5. 99 to be able to close at $78. 20, this sell off is due to the particular drop in rising markets. This looks to be oversold but once it pauses the $77. 66 mark it can fall into the particular mid $60 range. So just get along with it.

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

Now some stocks and shares under ten bucks that received the particular royal smack lower yesterday include Datalink (NASDAQ: DTLK) which in turn traded down $1. 05 to close up at $4. ninety six, Gold Reserve Inc (AMEX: GRZ) exchanged down 74 pennies to close at$3. 96, Fieldpoint Petroleum (AMEX: FPP) traded straight down 60 cents in order to close at $4. 51, Bema Gold (AMEX: BGO) bought and sold down 50 cents to close at $4. 10, Miramar Mining (AMEX: MNG) traded down 43 cents to shut at $3. fourth there’s 16 and Transmeridian Search (AMEX: TMY) which in turn traded down 40 cents to close at $4. forty five.

Analyst Upgrades/Downgrades

Current Analyst upgrades contain Dean Foods (NYSE: DF) which has been upgraded to an Overwieght from a Neutral Weight by Prudential Equity Group, Omega watches Financial Corp (NASDAQ: OMEF) was improved to a Neutral from a Sell simply by Janney Montgomery, Kansas Casualty (NASDAQ: OCAS) was upgraded in order to a Buy from a Hold simply by Deustch Bank Securities and Kronos Inc (NASDAQ: KRNO) had been upgraded to some sort of Buy from a new Neutral by Sidoti & Co.

Current Analyst downgrades include Jabil Circuit (NYSE: JBL) which was downgraded to a Hold from the Buy by Citigroup, Piedmont Natural Gas (NYSE: PNY) was downgraded to a Simple coming from a Buy simply by Janney Montgomery, Monster Worldwide (NASDAQ: MNST) was downgraded to a Market Carry out from a Sturdy Buy by Janney Montgomery and Pacific Energy Partners (NYSE: PPX) was cut down to a Hold from a Buy by simply AG Edwards.

Recent analyst coverage avertissement include Global Obligations (NYSE: GPN) which in turn was initiated with a Buy score by Janney Montgomery, Smith Micro Software (NASDAQ: SMSI) had been initiated with the Buy rating and a $24 price target by Lazard Capital Markets and Arch Chemicals (NYSE: ARJ) which has been begun with a Purchase rating by Sidoti & Co.
Read More: https://diigo.com/0kmbdi