It is Friday May well 12, 2006, and it is the final day of the trading week, and what a week it was. From Gold, Silver, Copper and other metals as nicely as the Dow producing historic highs to the Fed raising the benchmark interest price to five%, it was 1 to try to remember. Hopefully nowadays the Bulls will come out and place a constructive spin on the week immediately after yesterdays decline, it was a bloody day on the screen. Traders and Investors have been pulling away from equities to go exactly where the cash flowed yesterday and that was Metals and Oil, let me not neglect that Crude Oil bounced more than $73 as geopolitics has it on a rollercoaster ride.
China appears to be in a position to let the Yuan continue its upward pattern, this is on the heels of the Untied States not providing them the distinction of getting a currency manipulator.
Iran's President stated that the nation is prepared to resume nuclear talks with the UN. This back and forth circumstance is taking its toll on the oil marketplace as it has place crude oil on a rollercoaster ride. So only traders on the proper side of the trend have smiles on their faces, but this trend alterations everyday.
In Mexico, the nation issued more than $160 million of catastrophe bonds referred to as the “Mexican Bond” in the occasion of an earthquake, so Mexico will get a major jolt in their finances if an earthquake must hit in the subsequent 3 years, if not the money goes back to the investors.
Movers and Shakers
Some big movers in yesterdays trading session incorporated Koppers Holdings (NYSE: KOP) which traded up $two.52 to close at $22.82, Globe Fuel Solutions (NYSE: INT) which traded up $five.01 to close at $50.35, Biovail Corp (NYSE: BVF) which traded up $1.74 to close at $28.12, Canada Southern Petroleum (NASDAQ: CSPLF) which traded up $three.02 to close at $7.77, Remedytemp, Inc (NASDAQ: REMX) which traded up $four.33 to close at $16.53, Zoltek (NASDAQ: ZOLT) which trading up $four.60 to close at $35.59, Talx Corp (NASDAQ: TALX) which traded up $two.44 to close at $27.94 and MGP Components (NASDAQ: MGPI) which traded up $two.93 to close at $34.05.
Current Analyst upgrades incorporate Bronco Drilling Co (NASDAQ: BRNC) they have been upgraded with a Robust Acquire from an Outperform by Raymond James, Basic Motors (NYSE: GM) was upgraded to a Acquire from a Hold by KeyBanc Capital, as we stated from $19 you will see much more analyst upgrades of GM in the close to future, just study my post on Basic Motors to locate out why we see this taking place, The Cheesecake Factory (NASDAQ: CAKE) was upgraded to an Overweight from an Equal Weight by Lehman Brothers and Johnson & Johnson (NYSE: JNJ) was upgraded to a Acquire from a Neutral by Banc of America Securities.
Current Analyst downgrades incorporate Threshold Pharmaceutical (NASDAQ: THLD) they received a triple knock down as they have been downgraded to a Neutral from an Outperform by Cowen & Co, Sector Performer from a Sector Outperformer by CIBC Globe Markets and to an Equal Weight from an More than Weight by Morgan Stanley, and the final for this morning is Agco (NYSE: AG) they have been downgraded to a Neutral from an Overweight by JP Morgan.
Analyst Coverage Initiations incorporate Alcon (NYSE: ACL) they have been initiated with a Acquire rating and a target value of $125.00 by Citigroup Investment Analysis, the stock closed at $101.62 yesterday, Other initiations by Citigroup Investment Analysis incorporate Allergan (NYSE: AGN) which was initiated with a Acquire rating an a target value of $118.00, stock closed at $96.04, and Sophisticated Health-related Optics (NASDAQ: EYE) which was initiated with a Hold rating and a value target of $55.
Though Yahoo (NASDAQ: YHOO) was in talks with Microsoft (NASDAQ: MSFT) for some sort of functioning connection, it appears like Mr. Softie puffed their chest out and wanted a stake in Yahoo, but Yahoo gave them a major fat NO. Just to give our two cents on this, Yahoo, as we have been saying is a prime takeover target for Microsoft, and no matter if it occurs nowadays or in four months, it will come to pass if each firms want to compete with the ever-expanding Google (NASDAQ GOOG).
Finest Acquire (NYSE: BBY) is expanding overseas as they have agreed to obtain a majority stake in Jiangsu 5 Star Appliance Co., China's fourth-biggest appliance and customer electronics retailer. When the dust settles Finest Acquire will hold a majority ownership interest in 5 Star for a value tag of US$180 million.
Film Gallery (NASDAQ: MOVI) was in the spotlight yesterday as the stock surged more than 50%, trading up $1.62 to close at $four.78. This came as a surprise when the street got wind of their earnings beating the typical analyst estimate. Income shot up 197% to hit $694.four million and earnings per share rose to $1.27 from a $.58 for the very same period a year earlier. So to say that most analyst have been left with their jaws hanging is an understatement as they have been seeking at 15 cents a share primarily based on $644 million in income. This development in largely due to their acquisition of BlockBuster's (NYSE: BBI) other rival Hollywood Entertainment. But just to shed some light on the circumstance, unless Film Gallery dives head 1st into the digital age these good numbers may possibly not final. But Film Gallery does get an A Plus for shock element.
Retail giants JC Penney (NYSE: JCP) and KOHL's (NYSE: KSS) reported double-digit gains for the 1st quarter beating the typical analyst estimates. They even gave a decent outlook for the year but not fantastic sufficient for analyst. Each stocks traded down yesterday and that could be partially due to the marketplace situation that we have been in yesterday. Each of these firms are in a fantastic position to make new highs in 2006 and after investors comprehend this they will jump in head 1st.
In the Spotlight
We have been going to function the following organization subsequent week but we received a ton of emails and calls in regards to our specific Investors Corner segment on National Beverage (AMEX:FIZ). So we believed it would make sense to speak about the tiny Seattle, Washington primarily based Soda Business by the name of Jones Soda (NASDAQ: JSDA) in today's Investors Corner, which will be sent to subscribers later this morning.
For our outlook, and other important data on the firms that we function on “In The Spotlight” on Wall Street to Major Street just subscribe for Free of charge at http://www.namcnewswire.com
This is the Fifth of our “Furious 5” firms that we see excelling in their market in 2006. The fifth addition to this week's Furious 5 is optionsXpress Holdings (NASDAQ: OXPS) it trades on the Nasdaq below the symbol OXPS.
We can't tension sufficient that investors need to have to do their due diligence, contact the firms, get the data, seek advice from with your investment advisor and if you do not have 1 contemplate having 1. Place the very same time into investigating these firms as you do when you go to obtain a new tv, it is only for your protection. When it comes to thinly traded securities stagger your orders or place a limit order in to stay away from a run up.
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