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Main Page –› Investment & Finance –› Investment
 

Wall Street to Main Street: News, Views and Commentary: May 12, 2006

 

Its Friday May 12, 2006, and its the last day of the trading week, and what a week it was. From Gold, Silver, Copper and other metals as well as the Dow making historic highs to the Fed raising the benchmark interest rate to 5%, it was one to remember. Hopefully today the Bulls will come out and put a positive spin on the week after yesterdays decline, it was a bloody day on the screen. Traders and Investors were pulling away from equities to go where the money flowed yesterday and that was Metals and Oil, let me not forget that Crude Oil bounced over $73 as geopolitics has it on a rollercoaster ride.

The NAMC Newswires Wall Street to Main Street segment in its entirety is only available to subscribers. Dont miss out and Keep in mind that all subscriptions are free and will remain that way. All that you need to do is go to www.namcnewswire.com and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with any third parties.

We want to hear from our readers/listeners, so drop us a line, maybe you have a question about a certain company or perhaps you want to introduce us to a company that we should know about.. All that you need to do is either shoot us out an email using our contact form on our website at www.namcnewswire.com or give us a call toll free at 888-463-9237 between the hours of 6:30pm and 12am EST weekdays. Your question could be a part of the Wall Street to Main Street radio show that is syndicated daily.

Remember that you can always listen to the NAMC Radio on Streetiq.com, the leader in financial podcast. www.streetiq.com and is also available on iTunes.

For a listing of our Furious Five picks go to www.namcnewswire.com. To get them sent to you daily ahead of the Wall Street to Main Street radio show just signup at our website, its fast and its FREE.

Political Front

China seems to be in a position to let the Yuan continue its upward pattern, this is on the heels of the Untied States not giving them the distinction of being a currency manipulator.

Irans President stated that the country is ready to resume nuclear talks with the UN. This back and forth situation is taking its toll on the oil market as it has put crude oil on a rollercoaster ride. So only traders on the right side of the trend have smiles on their faces, but this trend changes daily.

In Mexico, the country issued over $160 million of catastrophe bonds called the Mexican Bond in the event of an earthquake, so Mexico will get a big jolt in their finances if an earthquake should hit in the next three years, if not the cash goes back to the investors.

Movers and Shakers

Some major movers in yesterdays trading session included Koppers Holdings (NYSE: KOP) which traded up $2.52 to close at $22.82, World Fuel Services (NYSE: INT) which traded up $5.01 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 $3.02 to close at $7.77, Remedytemp, Inc (NASDAQ: REMX) which traded up $4.33 to close at $16.53, Zoltek (NASDAQ: ZOLT) which trading up $4.60 to close at $35.59, Talx Corp (NASDAQ: TALX) which traded up $2.44 to close at $27.94 and MGP Ingredients (NASDAQ: MGPI) which traded up $2.93 to close at $34.05.

Analyst Upgrades/Downgrades

Recent Analyst upgrades include Bronco Drilling Co (NASDAQ: BRNC) they were upgraded with a Strong Buy from an Outperform by Raymond James, General Motors (NYSE: GM) was upgraded to a Buy from a Hold by KeyBanc Capital, as we stated from $19 you will see more analyst upgrades of GM in the near future, just read my article on General Motors to find out why we see this happening, 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 Buy from a Neutral by Banc of America Securities.

Recent Analyst downgrades include Threshold Pharmaceutical (NASDAQ: THLD) they received a triple knock down as they were downgraded to a Neutral from an Outperform by Cowen & Co, Sector Performer from a Sector Outperformer by CIBC World Markets and to an Equal Weight from an Over Weight by Morgan Stanley, and the last for this morning is Agco (NYSE: AG) they were downgraded to a Neutral from an Overweight by JP Morgan.

Analyst Coverage Initiations include Alcon (NYSE: ACL) they were initiated with a Buy rating and a target price of $125.00 by Citigroup Investment Research, the stock closed at $101.62 yesterday, Other initiations by Citigroup Investment Research include Allergan (NYSE: AGN) which was initiated with a Buy rating an a target price of $118.00, stock closed at $96.04, and Advanced Medical Optics (NASDAQ: EYE) which was initiated with a Hold rating and a price target of $55.

Tid Bits

Although Yahoo (NASDAQ: YHOO) was in talks with Microsoft (NASDAQ: MSFT) for some sort of working relationship, it looks like Mr. Softie puffed their chest out and wanted a stake in Yahoo, but Yahoo gave them a big fat NO. Just to give our two cents on this, Yahoo, as we have been saying is a prime takeover target for Microsoft, and whether it happens today or in 4 months, it will come to pass if both companies want to compete with the ever-expanding Google (NASDAQ GOOG).

Best Buy (NYSE: BBY) is expanding overseas as they have agreed to acquire a majority stake in Jiangsu Five Star Appliance Co., China's fourth-largest appliance and consumer electronics retailer. When the dust settles Best Buy will hold a majority ownership interest in Five Star for a price tag of US$180 million.

Movie Gallery (NASDAQ: MOVI) was in the spotlight yesterday as the stock surged over 50%, trading up $1.62 to close at $4.78. This came as a surprise when the street got wind of their earnings beating the average analyst estimate. Revenue shot up 197% to hit $694.4 million and earnings per share rose to $1.27 from a $0.58 for the same period a year earlier. So to say that most analyst were left with their jaws hanging is an understatement as they were looking at 15 cents a share based on $644 million in revenue. This growth in largely due to their acquisition of BlockBusters (NYSE: BBI) other rival Hollywood Entertainment. But just to shed some light on the situation, unless Movie Gallery dives head first into the digital age these great numbers may not last. But Movie Gallery does get an A Plus for shock factor.

Retail giants JC Penney (NYSE: JCP) and KOHLs (NYSE: KSS) reported double-digit gains for the first quarter beating the average analyst estimates. They even gave a decent outlook for the year but not good enough for analyst. Both stocks traded down yesterday and that could be partially due to the market condition that we were in yesterday. Both of these companies are in a good position to make new highs in 2006 and once investors realize this they will jump in head first.

In the Spotlight

We were going to feature the following company next week but we received a ton of emails and calls in regards to our special Investors Corner segment on National Beverage (AMEX:FIZ). So we thought it would make sense to talk about the little Seattle, Washington based Soda Company by the name of Jones Soda (NASDAQ: JSDA) in todays Investors Corner, which will be sent to subscribers later this morning.

For our outlook, and other vital information on the companies that we feature on "In The Spotlight" on Wall Street to Main Street just subscribe for FREE at www.namcnewswire.com

FURIOUS FIVE

This is the Fifth of our Furious Five companies that we see excelling in their industry in 2006. The fifth addition to this weeks Furious Five is optionsXpress Holdings (NASDAQ: OXPS) it trades on the Nasdaq under the symbol OXPS.

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, its only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid 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 CEOs 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, transaction, 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 should 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.

Author: Louis Victor
 
Author Bio:
Louis Victor is a renowned writer. Louis likes to compose articles about this field.
This article can be searched using: real estate investment, real estate finance and investment, best money investment
 
 
 

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