Wednesday Morning, June 20th
Site
News
:
New IceMD Recording: Congestive Heart Failure;
2 New Hidden Treasures: NPWS and PLTG;
Hidden Treasure News - NNRF:
Russia's first nuclear power reactor goes into operation in China:
NNRF of course has a strategic partnership with ATOMSTROYEXPORT
http://au.news.yahoo.com/070619/19/13s6f.html
Russia's first nuclear reactor in China has finally gone into commercial operation after numerous delays and a second will begin production by year's end, Russian officials said Tuesday.
"The Tianwan nuclear power plant is a very big Russian-Chinese project," Ivan Kamenskikh, vice head of the Federal Atomic Energy Agency of Russia, told journalists via video phone from Moscow.
"Our first reactor has gone into operation, we can't say it happened very quickly, but on the other hand, it didn't take a very long time either. Experts from both nations have overcome a lot of technical issues."
The two nations agreed to build the 3.3-billion-dollar pressurised water nuclear plant in eastern China's Jiangsu province in 1997.
The second phase of the project, also to include two 1,000 megawatt reactors, is currently under discussion, Kamenskikh said.
The number one nuclear reactor at the plant, the 10th to go into commercial operation in China, formally went online on June 2, while the number two reactor is currently undergoing test operations.
China plans to have up to 40 gigawatts of installed nuclear power by 2020, meaning that it will need to build around 30 more 1,000 megawatt reactors in the world's fastest-paced nuclear power buildup.
China has joined several other nations in seeking to further develop nuclear power, including India, Russia and the United States, partly due to the concerns of global warming, but also to offset its dependency on coal.
Western nations like France, the United States and Canada, have competed with Russia for China's nuclear power market, while the nation is also developing its own indigenous industry.
"We hope that we can get the go-ahead on the third and fourth reactors (at Tianwan) and start up a new phase of cooperation," Kamenskikh said.
"As far as China's plans to install 40 gigawatts, I think our competitiveness is strong, we have succeeded at Tianwan ... so of course we hope to get involved in other projects in China."
Sergey Shmatko, president of *AtomStroyExport*, Russia's exporter of nuclear power plants, the Russian side would supply uranium for the two reactors and a similar arrangement would be negotiated for the next two reactors.
"Russia's advantage is that as we build nuclear power plants, we also ensure the supply of nuclear fuel," he said.
"If we can secure the third and fourth reactors, we will also seek to reach a deal on the supply of nuclear fuel."
The price of uranium has jumped dramatically in recent years as Russia, the United States, China and India all announced long-term nuclear energy that look to greatly boost the demand for nuclear fuel.
Joint design plans by Russian and Chinese experts for the next two reactors are to be completed by the end of the year, he said.
Shmatko also said Russia was pondering working with China to develop nuclear power plants abroad.
"If we can reach an agreement on the third and fourth reactors, we will begin to research the possibility of cooperating with China to build nuclear power plants in third countries," Shmatko said.
Egypt has already expressed an interest in both Russian and Chinese nuclear power plants and is seen as a possible recipient of such joint cooperation.
"The first and second reactors at Tianwan will enter commercial operation by the end of the year. This is a very big step and provides a very good and important basis for future cooperation," Luo Jianhang, the Russia representative of the China National Nuclear Corp, said.
"We still have a lot of work to do, but from what we have done we have a bright future."
Dow Jones
News
:
Home Depot increased its planned stock buyback by up to $22.5 billion. The retailer agreed to sell its construction-supply business for $10.3 billion to three investors to help fund the move. - WSJ
HD - Home Depot Stifel Nicolaus Upgraded from Hold to Buy $50;
According to Reuters, Microsoft (MSFT) will alter its Vista operating system so that it works better with Google (GOOG) and other companies that have search functions for the desktop.
Breakouts the Ice Man may consider trading:
UBB - 117
IVN - 14.60
NTGR - 38.20
SPW - 90
AIQ - 9.40
Regular Trades the Ice Man may consider:
DDS - 35.50
HOLX - 56.60 * Best Bet
LNET - 34.70 warning for 35 Breakout
WCC - 66.25
SLW - 12
DTV - 24.60
GROW - 25.75, then 27.85
STX - 21.80
IVAC - 20.80
MSTR - 98
TSTC - 6.65
Depressed stocks the Ice Man may buy:
CNC - 18.30
MCHP - 36
Dollar Man Ideas:
TGB - 3.85
MGN - 4
ENT - 6.40
NPWS - 0.66 Bid
Cramer's Comments:
Five ways Cramer picks stocks: looks at the new high list, waits for the stocks from the list to pull back, do your homework and understand why they pulled back, see if insider’s are buying stock and if there is a short squeeze, trade around a core position, sooner or later all hot stocks implode.
Break Man Video Summary:
Break out buy watch list for short term gains June 20 includes:MVSN, HXM, CNVR, AXL, PGNX, EWC, PWI, RAS, PCS.
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 another non-eventful day for the market; the S&P 500 and Dow and Russell 2000 posted moderate gains, while the Nasdaq was basically flat and the SOX lost some ground. This sideways action in the market is bullish and sets up the possibility for another strong move up in the short term. Economic news is light this week; therefore stocks are being driven by technicals. While the Senate works on the Energy bill, there aren't any other economic reports until Thursday.
The 60 min index charts are 'Flagging' or forming bullish handle formations on their respective 60 min charts (vist the swing man section to see the charts). This sideways action tends to be bullish and me be a prelude to another move up. Also note the Bollinger Band Width at the top of the charts; the width is now tightening, which also points to a move coming.
SNDK out of the three swing plays introduced last week continues to do well. Visit the Swing Man section to view the charts.
________________
CNBC Fast Money Review:
1. Word on the Street
Home Depot Now Just For Homes
Adami: HD could go to $45. Balance sheet looks great.
Macke: I'm a buyer of HD.
Bolling: Likes HD.
Najarian: Not a big fan of HD.
Housing Recession Continues
Bolling: Sell $32-$38 short strangle on XHB. Don't think it's going to move.
Trade Update: Financials Make Bank Today
Najarian: Loves financials. But late to buy in now.
Adami: Likes BAC.
You Didn't Yahoo?
Macke: Deals not likely to happen soon.
Bolling: YHOO is still good stock.
Najarian: Institutions selling YHOO calls and buying puts. BIDU made 52 week
high.
Rolling Back Rates?
Macke: Financial services announcement not a catalyst to move WMT higher.
Bristol Buyout?
Najarian: $6 billion Plavix is BMY and SNY'S.
Adami: BMY too expensive for takeover.
The Oil-Airlines Trade
Bolling: Direct opposite correlation between airline index and gasoline.
Expedia's Monster Buyback
Najarian: Never seen buyback this large. TZOO, PCLN might be in play.
Bad Buy
Macke: BBY selling lower margin goods. BBY is next year story.
Najarian: Dip is buying opportunity.
Corn Drops Most in 2 Months
Bolling: MON, AGU guided higher. Stocks off to the races.
2. The Top 3
We Bring Stock To Life
Bolling: GE is 2.33% of Dow. Investors buying Dow stocks right now. GE is good stock.
Macke: GE has lot of cash. Great company.
Adami: GE making up 5 years of lost time.
Najarian: Likes GE's global exposure and NBC Universal division.
Trading in Vain
Najarian: Likes MNT because vanity medicine is hot. $25 billion industry.
Adami: Buy MNT here at $42, put stop at $40.
Macke: Prefers MRX.
Bolling: TTC on fire.
Summer Stocks: Golf
Macke: Likes NKE new drivers. Could drive shares. Buy FO, ELY, DKS.
3. Skiing Into Profits
Bolling: Likes MNT.
Adami: Likes MNT.
Najarian: Likes MNT.
4. Sea Change
A Gambling Nation
Bolling: BYD is a buy.
Adami: BYD is a buy.
Najarian: BYD is a buy.
Macke: BYD is a buy.
5. Final Trade
Macke: HD is a buy.
Najarian: BYD is a buy, takeover candidate.
Adami: BAC is a buy on valuation.
Bolling: NWS is a buy.
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Breaking
News
:
PetroChina Co. (PTR) surged to a record closing high in Hong Kong Wednesday after it disclosed plans to issue up to 4 billion A shares in an initial public offering in Shanghai. - MarketWatch
Morgan Stanley's net income rose 40% to $2.58 billion, boosted by strength in its securities business. Full article coming shortly. - WSJ
Reuters reports the Nintendo's market value is getting close to passing Sony's (SNE) as its Wii and DS games continue to sell extremely well.
The Wall Street Journal writes that Kerkorian's plan to buy assets from MGM Grand (MGM) may be withdrawn shortly.
The Wall Street Journal writes that Toyota (TM) is cutting back building new plants in the US because the growth of manufacturing is hurting efficiency.
The Wall Street Journal writes that Yahoo! (YHOO) will improve its search software for US mobile phones and announce several alliances in Asia.
The New York Times writes that a court upheld Bristol-Myers (BMY) patent for Plavix, and the company's stock rose sharply.
FT reports that Expedia (EXPE) has started a $3.5 billion buy-back which will bring in 42% of its shares.
Barron's reports that investment bank Cowen has cut back its Q2 earnings forecasts for Motorola (MOT)
M&A Activity:
Nuveen Investments, Inc. JNC), a leading provider of diversified investment services to institutional and high-net-worth investors, today announced it has agreed to an all-cash buyout offer from an investor group majority-led by Madison Dearborn Partners, LLC ("MDP").
Nuveen Investments stockholders will receive $65.00 in cash for each share of Nuveen Investments common stock they own, representing a premium of 20 percent over the closing price of Nuveen Investments' shares on June 19, 2007, and a 26 percent premium to the 90-day average closing price of $51.56. The offer also represents a 16 percent premium to Nuveen Investments' all-time, intra-day high of $56.20, which it reached on January 11, 2007. The total transaction is valued at $6.3 billion, including existing debt of $550 million.
IPO Central:
IPO
News
:
The Blackstone Group L.P. (BX) on Wednesday reiterated its $29-$31 price range in its initial public offering expected to price on Thursday night and trade on Friday. In an amended IPO prospectus, the private equity fund management firm also repeated the 133.33 million share issue size of the deal, which will raise abnout $4 billion as the richest U.S. stock debut in years. The repeated terms so close to the debut of the IPO indicates that the company and underwriters Morgan Stanley and Citi have likely gathered enough interest to launch the deal without cutting the size or price. - MarketWatch
Recent stock split announcements:
On June 18, Innospec Inc. (Nasdaq:IOSP) announced that its board of directors approved a 2:1 stock split to be distributed on or about July 20, 2007.
On June 19, Flotek Industries, Inc. (AMEX:FTK) announced that its board of directors approved a 2:1 stock split to be distributed on July 11, 2007.
Companies that have previously announced stock splits which become effective in the next several trading days.
Ex-Date Split Symbol Company
6/20 2:1 PVA Penn Virginia Corp.
6/22 2:1 SEIC SEI Investments Company
6/25 2:1 ESRX Express Scripts, Inc.
6/25 2:1 GILD Gilead Sciences, Inc.
6/25 2:1 AGN Allergan, Inc.
6/26 2:1 OMC Omnicom Group, Inc.
Economic Data:
10:30 Crude Inventories
Upgrades/Downgrades:
Aerospace
HEI HEICO Matrix Research Downgraded from Strong Buy to Buy
Apparel
UA Under Armour UBS Initiated at Buy $54
Beverages
BUD Anheuser-Busch AG Edwards Downgraded from Buy to Hold
Biotech
BIOD Biodel Banc of America Sec Initiated at Buy $23
Business Services
PFWD Phase Forward Brean Murray Price Target Raised Buy $17 to $19
FCN FTI Consulting Stifel Nicolaus Initiated at Buy $43
Cable Services
TWC Time Warner Cable Bear Stearns Upgraded from Peer Perform to Outperform
TWC Time Warner Cable Wachovia Initiated at Outperform
Chemicals
ARG Airgas BB&T Capital Mkts Upgraded from Hold to Buy
APD Air Products Banc of America Sec Price Target Raised Neutral $78 to $80
ARG Airgas Banc of America Sec Price Target Raised Buy $47 to $52
IOSP Innospec Matrix Research Downgraded from Buy to Hold
NCX NOVA Chemicals UBS Cut Price Target Neutral $38 to $37
Computer Hardware
MXWL Maxwell Tech JMP Securities Downgraded from Mkt Outperform to Mkt Perform
Computer Software
DRIV Digital River Jefferies & Co Upgraded from Hold to Buy $57 to $55
PRFT Perficient Northland Securities Initiated at Outperform $25
Finance Companies
KFN KKR Financial JMP Securities Initiated at Strong Buy $33
Foods
ANDE Andersons Matrix Research Upgraded from Sell to Hold
Healthcare
KV.A K-V Pharmaceutical Roth Capital Upgraded from Hold to Buy $28 to $32
BABY Natus Medical Oppenheimer Initiated at Buy $20
SPNC Spectranetics Piper Jaffray Initiated at Outperform $13
NOVA Novamed Jefferies & Co Initiated at Hold $7
Industrial Equipment
ASVI A.S.V., Inc. Oppenheimer Initiated at Buy $26
Major Pharmaceutical
WYE Wyeth Credit Suisse Price Target Raised Outperform $65 to $67
Manufacturing
ATU Actuant BMO Capital Markets Price Target Raised Outperform $65 to $70
TYC Tyco UBS Initiated at Buy $62
Mfg-Industrial Goods
KOP Koppers Holdings UBS Downgraded from Buy to Neutral $32 to $35
Mining - Minerals
CNX CONSOL Energy Friedman Billings Price Target Raised Outperform $70 to $72
Motor Vehicles
CLC CLARCOR Bear Stearns Upgraded from Peer Perform to Outperform
Nanotech-Australia
SPHRY Starpharma Merriman Curhan Ford Initiated at Buy
Oil and Gas
APL Atlas Pipeline Credit Suisse Upgraded from Neutral to Outperform $60 to $61
CEO CNOOC Ltd Credit Suisse Upgraded from Neutral to Outperform
DK Delek US Holdings HSBC Securities Price Target Raised Neutral $22 to $27
NOV Natl Oilwell Varco Stifel Nicolaus Price Target Raised Buy $101 to $119
PINN Pinnacle Gas Resources Friedman Billings Initiated at Outperform $11.25
OXY Occidental Petro Deutsche Securities Downgraded from Buy to Hold $56 to $53
SLB Schlumberger Calyon Securities Downgraded from Add to Neutral $85
Retail Trade
BBY Best Buy Banc of America Sec Cut Price Target Buy $59 to $54
BBY - downgraded to Neutral at Goldman Sachs
Securites Exchange
NYX NYSE Euronext Piper Jaffray Upgraded from Underperform to Market Perform
Transportation
FWRD Forward Air Bear Stearns Upgraded from Underperform to Peer Perform
Utilities
MEK Metretek Tech Roth Capital Price Target Raised Buy $15 to $18
SGR Shaw Group UBS Price Target Raised Neutral $35 to $47
Semiconductors:
LLTC - downgraded to Sell at Merrill
Consumer Goods:
CL - upgraded to Overweight at Morgan Stanley
Foreign Telecom:
TEF - upgraded to Neutral at UBS
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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.