Friday Morning, June 22nd


Site News :

New IceMD Recording: Carotid Artery Disease and Carotid Ultrasound;

Hidden Treasure Interview:

HSXI - New Radio Interview Alert
Green Baron Editor-in-Chief and HealthSonix, Inc. CEO Interviewed by CFRN Broadcast "Prosperity for God's People"

If you really want to understand more about HealthSonix, Inc., we are linking you to pages that have a ton of data, recent interviews, and other research.  Yesterday, our Editor in Chief and the CEO of HealthSonix were interviewed by DeWayne Reeves of The Christian Traders Radio Network (www.cfrn.net) during his two hour radio show "Prosperity for God's People".

The interview lasts about 30 minutes and can be heard at the above link. In fact, CFRN Podcasts are now made available to over 500 financial websites. For example, you can also visit the following link for the interview & more: http://podcast.streetiq.com/streetiq?GUID=2394718&Page=MediaViewer&Ticker=hsxi
(The full article is at the bottom of the page.)

Dow Stock News :

Reuters writes that GE (GE) and Pearson (PSO) have dropped their potential bid for Dow Jones (DJ).

Reuters reports that Pfizer (PFE) got permission to market its drug Lyrica for treating fibromyalgia.


Breakouts the Ice Man may consider trading:
SWIR - 26.25
CDI - 33.90
NVTL - 25.40
WMB - 32.50
CNX - 50
AKS - 37.70
SPIL - 11.55
CPL - 61.70
YZC - 75
AKS - 38
APOL - 50

Regular Trades the Ice Man may consider:
MBI - 64.70
SMSI - 12.65
JDSU - 14
PLXS - 23.30
ERES - 9.25
PMTI - 36
ADI - 38.60
STX - 22.25
OPTM - 12
GPIC - 13.80 * 15
TTEC - 32.90

Depressed stocks the Ice Man may buy:
KALU - 75.10 * Best Bet
SONC - 21 * Best Bet
ROSE - 21 * Best Bet

Extended Shorts the Ice Man may consider:
FTEK - 40.42
VECO - 22

Dollar Man Ideas:
PLNR - 7.35
AATI - 9.70
ACHN - 6.05
GW - 8.50
HSOA - 6.25

Cramer's Comments:

Bullish: BNI, KO, CL, WMT, AXP, WFC, MCO, COP, UNP, USB, AST, NSC, WLP, UNH, IR;


Gorilla Trades:

New Potential Buys:                 Acergy (ACGY): ABOVE $22.22, with a $24.50 first target, a $28 second target, and a $20 stop loss.
Confirmation Volume Area = 455K Risk Rating = 4;

Break Man Video Summary:

Break out buy watch list for short term gains June 22 includes: AMAT, PMCS, CY, GGC, TOPP, RZ, APLX, CDI.

Several candidates for break out or pullback plays for at least short term gains by buying the break out on good volume and selling at least some on the first day. http://stocktiger.com


Swing Man Market Recap:

It was a wild day for the market: the market sold off first thing in the morning, but then quickly recovered and rallied. The market pulled back again, but formed a higher low around noon. Then the Philly FED was released and reported a boom in manufacturing as their index rose from 4.2 to 18.0. The highest it has been since April 2005. Areading of zero in that index indicates no growth. The market rallied strongly on the Philly Fed, then pulled back one more time, only to push up end of the day to close near the highs. At the close the SPX/DOW were 0.50% higher, and the NDX/NAZ rose 0.80%. However the index that really stood out was the SOX (semiconductor Index), which rallied 3% for the day, far outpacing all the other indexes

The S&P 500 rallied right off the 50 day MA support - see the swing man section:

However, I noticed on all the indexes that the 15 and 60 min charts look a little tired and almost bear flagish. Therefore don't be too aggressive here. See chart in the Swing Man Section

However, the one index that really stood out was the SOX, which rallied 3% for teh day; far outpacing all the other indexes. The SOX broke the recent high, however it is starting to get a little extended on the 60 min chart.

The 60 min chart of the SOX looks like it is completing a mini 5 wave pattern and the recent high was divergent, therefore I wouldn't be surprised to see a little weakness in the short term.

Swing Trades:

APOL looks great; nice ascending triangle with resistance at 49.75.

TTEC looks like a great swing trade with a stop at 31.55 and a possible target of  36.5

ACTG looks like a great swing trade that has both good fundamentals as well as technicals.  Breakout is 14.85, target is 16.5.

Please view the Swing Man page to see the charts:

http://icecoldstocks.com/swing_trading/swing_man.html

________________

CNBC Fast Money Review:

1. Word on the Street
Buy Blackstone Tomorrow?
Macke:  Little risk that Blackstone becomes broken IPO. But not a buyer.
Blackstone going IPO to cash out.
Bolling: Buy BX at open. China put $3 billion into it. Own at open, own on dip.
Najarian: Look at FIG. BX is a sell.

Semi Surge
Najarian: Semis might have finally reached the bottom. Pick is NVDA.
Macke:  Chips wildly underowned. Chips are first place to go on NASDAQ rally.
Likes INTC, up 10% since Tuesday.
Bolling: Likes IBM.
Adami:  Recomends EMC, stil going higher.

Rupert's Relief
Adami:  Deal gets done with NWS. Thinks happening at $63.50 per share.
Bolling: Murdoch will outbid anyone.
Macke:  Decision gets made this week.

Trade Update: With a Chart Like Smuckers
Bolling: Still upside to SJM. 8% growth.

No Raw Sewage Here
Adami:  TXT on fire, but possible pullback. Price target of $130.

Chartology: This Chart is a Terrible Thing to Waste
Bolling: WMI has fantastic chart. Also likes CVA.

2. The Top 3
Out From China's Shadow
Najarian: Weakening yen partly responsible for rising Japan markets.
Watch HMC, TM, steel, finance. Japan moving in right direction.
Adami:  EWJ has been rallying.
Macke:  Get long NTDOY, ignore SNE.
Bolliing: Likes Japan steel. Stick with RIO, BHP.

Eating In
Macke:  High gas prices affecting casual dining.
Bolling: Interest rates, gas prices going up. People not going out as much.
Najarian: Recommends LNY, not entirely exposed to casual dining.

Summer School
Adami:  Likes CECO, COCO, STRA, APOL.

3. Ratigan Report
The Future of Trading
Bolling: NYX have eye on NMX and/or ICE.
Najarian: NYX will buy some derivatives exchange.
Adami:  NYX will buy NMX at $165 per share.

4. Summer Stocks
Regal Returns?
Macke:  Be long RGC and DIS.

5. Final Trade
Bolling: USU is a buy.
Adami:  HON is a buy.
Najarian: BMY is a buy.
Macke:  HAS is a buy.

________________________


Breaking News :

Moscow-based wireless carrier Vimpel-Communications (VIP) said it plans to make the requisite Russian regulatory filings in order to proceed with an offering of ruble-denominated bonds. The proposed amount of the issue is up to 15 billion rubles, equivalent to $577.6 million based on the current exchange rate as set by the Central Bank of Russia. The five-year bonds, guaranteed by VimpelCom and paying interest semiannually, may be issued in two series with face values of 10 billion rubles and 5 billion rubles, respectively. The coupon rate for each series will depend on market conditions, the company said. - MarketWatch

NYSE Euronext submitted a bid for Borsa Italiana to compete with LSE's offer of some $2 billion for the exchange operator. - WSJ:

The Wall Street Journal reports that BP (BP) is near a deal to turn over its ownership in a $20 billion Russian natural-gas project to state-controlled Gazprom.

The Wall Street Journal writes that ADM (ADM) is going to enter Brazil's sugarcane-ethanol market, backing a rival to corn-based ethanol made by most U.S. companies.

The Wall Street Jounal also writes the NYSE Euronext (NYX) is making a bid for the Italian stock exchange which will compete with one from the London exchange.

The Wall Street Journal also reports that investor Nelson Peltz has taken a 3% piece of Kraft (KFT) and want the company to sell certain assets.

The New York Times reports that Ebay (EBAY) will re-enter the Chinese markter this summer.

FT reports that Bear Stearns (BSC) will call of its IPO of Everquest, a company associated with two hedge funds that have collapsed.

Barron's reports that Jabil Circuit (JBL) reported earnings in line with estimates.

IPO Central:

IPO News :

Friday's $4.13 billion initial public offering from the marquee private equity firm The Blackstone Group L.P. (BX) ranks as the sixth richest in U.S. history and the fattest in five years. - MarketWatch

IPOs on Schedule for week of 6/25/07

AuthenTec (AUTH). The company is a Fabless designer of fingerprint authentication sensors for PC and mobile markets. The company is selling 7.5M shares at the initial range between $9-$11. The company announced Revenues for the last 12 months of $33M and Net Income of $0M. The Lead Manager is Lehman and Bear is Co. Manager. AuthenTec (AUTH) is headquartered in Melbourne, FL and their website is www.authentec.com.

ComScore (SCOR). The company is a digital marketing intelligence firm that tracks web activity. The company is selling 5M shares at the initial range between $14-$16. The company announced Revenues for the last 12 months of $66M and Net Income of $6M. The Lead Managers are Credit Suisse and Deutsche Bank. ComScore (SCOR) is headquartered in Reston, VA and their website is www.comscore.com.

Data Domain (DDUP). The company is a Provider of storage appliances for disk-based backup and disaster recovery. The company is selling 7.4M shares at the initial range between $11.50-$13.50. The company announced Revenues for the last 12 months of $46M and Net Income of $(-4)M. The Lead Managers are Goldman Sachs and Morgan. Data Domain (DDUP) is headquartered in Santa Clara, CA and their website is www.datadomain.com.

Polypore International (PPO). Manufactures microporous membranes used in batteries and for medical processes. The company is selling 15M shares at the initial range between $20-$22. The company announced Revenues for the last 12 months of $480M and Net Income of $(-27)M. The Lead Manager is J.P. Morgan and Credit Suisse is Co. Manager. Polypore International (PPO) is headquartered in Charlotte, NC and their website is www.polypore.net.

Upgrades and Downgrades by Sector:

Auto:
Auto retailer sector upgraded to Overweight at Wachovia. They like AZO, AAP, and ORLY.

Business Services
NUAN Nuance Communications Friedman Billings Downgraded from Outperform to Mkt Perform $19

Chemicals
AGU Agrium Citigroup Upgraded from Hold to Buy $55
ALB Albemarle Banc of America Sec Upgraded from Neutral to Buy $42 to $45
ROC Rockwood Holdings JP Morgan Upgraded from Neutral to Overweight
TRA Terra Industries Citigroup Upgraded from Hold to Buy $29

Chemicals-Methanol
MEOH Methanex CIBC Wrld Mkts Downgraded from Sector Perform to Sector Underperform $23

Computer Hardware
JBL Jabil Circuit RBC Capital Mkts Upgraded from Sector Perform to Outperform
TEK Tektronix Banc of America Sec Price Target Raised Buy $32 to $35

Computer Services
SOHU Sohu.com Credit Suisse Upgraded from Neutral to Outperform $26 to $33.50

Computer Software
BEAS BEA Systems Jefferies & Co Price Target Raised Buy $14 to $16
COGN Cognos Banc of America Sec Downgraded from Buy to Neutral $47 to $40

Construction
DY Dycom Sun Trust Rbsn Humphrey Initiated at Buy $36
ROCK Gibraltar Industries Wachovia Initiated at Outperform

Defense
NAVZ Navistar UBS Upgraded from Neutral to Buy

Entertainment
CNK Cinemark Banc of America Sec Downgraded from Buy to Neutral $21 to $20

Environmental Prod
FTEK Fuel-Tech Roth Capital Downgraded from Buy to Hold $30 to $35

Finance Companies
GHL Greenhill Wachovia Upgraded from Mkt Perform to Outperform

Foods
KFT Kraft Goldman Sachs Upgraded to Neutral

Gaming Operations
MGM MGM Mirage Susquehanna Financial Upgraded from Neutral to Positive
MGM MGM Mirage CIBC Wrld Mkts Upgraded from Sector Perform to Sector Outperform $70 to $98

Healthcare Facilities
NOVA Novamed Jefferies & Co Upgraded from Hold to Buy $7 to $8

Industrial Equipment
PNR Pentair Robert W. Baird Upgraded from Underperform to Neutral $31 to $37

Insurance
FNF Fidelity National Piper Jaffray Downgraded from Outperform to Market Perform
BRW Bristol West Ferris Baker Watts Coverage Dropped

Internet Services
GOOG Google Bernstein Initiated at Outperform $635

Major Pharmaceutical
PWR Quanta Services Sun Trust Rbsn Humphrey Initiated at Buy $36

Manufacturing
TASR TASER Jefferies & Co Price Target Raised Buy $13 to $20

Motion Pictures
CKEC Carmike Cinemas Banc of America Sec Downgraded from Buy to Neutral $26 to $25
RGC Regal Entertainment Banc of America Sec Downgraded from Buy to Neutral $23

Oil and Gas
NFX Newfield Expl Canaccord Adams Upgraded from Hold to Buy
OIS Oil States Calyon Securities Initiated at Add $46

Regional Banks
CNB Colnl BancGrp Bear Stearns Initiated at Outperform $28
PVTB PrivateBancorp Robert W. Baird Downgraded from Outperform to Neutral $40 to $33
PVTB PrivateBancorp BMO Capital Markets Cut Price Target Market Perform $37 to $31

REITs
ENN Equity Inns JMP Securities Downgraded from Mkt Outperform to Mkt Perform
ENN Equity Inns Friedman Billings Downgraded from Outperform to Mkt Perform $20 to $23
ENN Equity Inns KeyBanc Capital Mkts / McDonald Downgraded from Buy to Hold

Restaurants
RRGB Red Robin Gourmet Friedman Billings Price Target Raised Mkt Perform $42 to $44
CMG Chipotle Mexican Grill JP Morgan Downgraded from Overweight to Neutral
SBUX Starbucks Friedman Billings Downgraded from Outperform to Mkt Perform $44 to $26

Retail Trade
AAP Advance Auto Wachovia Initiated at Outperform
AZO AutoZone Wachovia Initiated at Outperform
EBAY eBay Bernstein Initiated at Outperform $39
GPS Gap Inc Friedman Billings Initiated at Outperform $24
ORLY O'Reilly Auto Wachovia Initiated at Outperform
EBAY Ebay Goldman Sachs Estimates Raised
ANF Abercrombie Lehman Brothers Downgraded from Overweight to Equal-weight
BGFV Big 5 Sports UBS Downgraded from Buy to Neutral

Savings & Loan
UPFC Utd PanAm Fincl Jefferies & Co Downgraded from Buy to Hold

Semiconductors
VLTR Volterra Semi Wachovia Upgraded from Mkt Perform to Outperform
ADI Analog Devices Piper Jaffray Downgraded from Market Perform to Underperform
FCS Fairchild Semi Piper Jaffray Downgraded from Outperform to Market Perform
LLTC Linear Tech Piper Jaffray Downgraded from Outperform to Market Perform

Technology - Gaming
BYI Bally Technologies Roth Capital Upgraded from Hold to Buy $23.50 to $32

Telecommunications
RIMM Research in Motion Goldman Sachs Price Target Raised $240
INPC InPhonic Deutsche Securities Downgraded from Buy to Hold $16 to $6
DSPG DSP Group CIBC Wrld Mkts Cut Price Target Sector Outperform $28 to $27

Transpo-Railroads
CNI Canadian Natl Rail CIBC Wrld Mkts Downgraded from Sector Outperform to Sector Perform

Transportation
R Ryder System Stifel Nicolaus Upgraded from Hold to Buy $64

Utilities
AES AES Corp Citigroup Upgraded from Hold to Buy
FE FirstEnergy Banc of America Sec Upgraded from Neutral to Buy $68 to $73
NRG NRG Energy HSBC Securities Price Target Raised Overweight $41.50 to $50
BWP Boardwalk Pipeline Morgan Keegan Initiated at Outperform
MDU MDU Resources KeyBanc Capital Mkts / McDonald Initiated at Buy $33 to $34
SO Southern Co HSBC Securities Downgraded from Neutral to Underweight $39 to $34
CEG Constellation Energy HSBC Securities Cut Price Target Overweight $112 to $104
D Dominion HSBC Securities Cut Price Target Overweight $111 to $108
ETR Entergy HSBC Securities Cut Price Target Underweight $105 to $97
EXC Exelon HSBC Securities Cut Price Target Overweight $89 to $83
MIR Mirant HSBC Securities Cut Price Target Neutral $47 to $45
XEL Xcel Energy HSBC Securities Cut Price Target Underweight $24 to $20