Wednesday Morning, June 13th
Site News
:
New IceMD Recording: Dealing with illness, and Even Death;
Breakouts the Ice Man may consider trading:
SFLY - 20
FCX - 80
AOI - 10.50
EMS - 40.90
KYPH - 58
Regular Trades The Ice Man maya consider:
FRPT - 24
CBLI - 9.75
JDSU - 13.60
IOC - 39.30
MBT - 58
VRGN - 30
Depressed stocks the Ice Man may buy:
MDVN - 16.40
USU - 17.55
Dollar Man:
ADLR - 3.85
SWRI - 2.05
Cramer's Comments:
Bullish: CELG, GILD, LLY, SGP, WYE, NVS (Favorite),
Gorilla Trades:
New Potential Buys:
Diodes (DIOD): ABOVE $38.53, with a $42.50 first target, a $50 second target, and a $34.25 stop loss.
Confirmation Volume Area = 340K Risk Rating = 5
NYMEX Holdings (NMX: ABOVE $131.10, with a $142 first target, a $158 second target, and a $120 stop loss. Confirmation Volume Area = 1M Risk Rating = 4
Break Man Video Summary
Break out buy watch list for short term gains June 13 includes: SOBM, VRGY, FCFX, DRYS, NITE, LZ, KYPH.
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
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CNBC Fast Money Review:
1. Word on the Street
Highest Interest Rate in 5 Years
Macke: Market getting to tipping point. Rates could impact equities.
Najarian: Speed of increase is real issue. How fast we got to 5.25%.
Bolling: 5.25% isn't horrible. Deals will still get done.
Adami: People will get used to higher interest rates.
Big PHarma, Big Buyouts?
Najarian: Possible buyout candidates BMY, LLY, SGP.
Adami: GSK will become compelling quickly.
Chipping Away At Prices
Macke: Buy INTC on dip.
Antitrust, Pro Exchanges
Bolling: DOJ cleared way for consolidation in sector. NMX will make acquisition.
Najarian: Keep eye on ICE, will make an acquisition. More consolidation in space.
Adami: NMX will go by Labor Day.
Trade Update: Worse Coffee, Better Stock
Macke: Negativity building on SBUX. Eventually momentum will present trade in SBUX.
Adami: Likes MCD as long as overseas business does well.
Netflix Under Fire
Macke: NFLX has obsolete business model. Get out of stock.
2. The Top 3
Who's Top On Wall Street?
Najarian: LEH doing everything right. Bond market will have negative impact on GS.
Adami: Take profits on GS.
Bolling: Buy LEH, GSC, GS on dips.
Digital Revolution Continues
Najarian: High volumes options trading on STX. Bullish sign for STX.
Adami: Prefers WDC.
Bolling: Flash memory is way of future.
Chartology
Bolling: CAL, DISH don't look good. Expect airlines to more 10%-15% to downside.
Be careful of DISH. RIMM, MCD, T look bullish. Own on dips.
3. Sea Change
Virtual Security
Adami: MFE is a buy.
Bolling: MFE is a buy.
Macke: MFE is a buy.
Najarian: MFE is a buy.
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Breaking
News
:
DivX, Inc. (DIVX) and SanDisk® Corporation (SNDK) today announced a licensing agreement allowing SanDisk to include DivX® technology in SanDisk's Sansa® line of video-enabled products.
CYTR - will be added to the Russell 3000;
American Eagle Outfitters Boosts Annual Dividend by 33 Percent to 40 Cents a Share. - AP
News of a low cost personal navigation unit in Europe could put pressure on GRMN, NGPS, and NVT as the industry becomes crowded and prices drop.
According to Reuters, the IntercontinentalExchange (ICE) sweetened its bid for the CBOT (BOT).
The Wall Street Journal writes that the largest shareholder in Ceridian (CEN) will oppose its sale to Thomas Lee Partners for $5.3 billion.
The Wall Street Journal reports that Airbus has only 13 firm orders for its A350 compared to over 600 for the rival Boeing (BA) 787.
The Wall Street Journal also writes that a federal court refused to throw out a suit against Boston Scientific (BSX) over alledgedly faulty defibrillators.
The WSJ also reports that shareholders have sued GlaxoSmithKline (GSK) saying that the company mislead the market about the safety of its drug Avandia.
According to The New York Times, news management at The Wall Street Journal will be shaken up by its new editor.
The New York Times writes that ConAgra (CAG) is overhauling some of its major brands in a bid to increase revenue.
FT reports that Barclays (BCS) is preparing to improve its bid for ABN Amro (ABN).
Barron's writes that Comcast (CMCSA) is now one of the cheapest stocks in the S&P 500 according to certain measurements.
M&A Activity:
Ceridian’s biggest holder said it opposes a $5.3 billion sale to Thomas H. Lee and Fidelity National and has hired Lazard Freres to seek a higher bid. - WSJ
IPO Central:
Biofuel Energy Corp. (BIOF) on Wednesday said it expects its initial public offering to price at $10.50 a share, below its already lowered range of $13-$14 a share. BioFuel also cut the size of the IPO to 5.25 million shares from 9.5 million shares. Under the new terms, the builder of ethanol plants for Cargill will raise about $55 million. Biofuel Energy will also sell 4.25 million shares in a private placement to shareholders Greenlight Capital Inc. and Third Point LLC. On Tuesday, the company cut the price range from $16-$18 a share. J.P. Morgan, and Citi are underwriting the deal. - MarketWatch
Economic Data:
8:30 Export Prices
8:30 Import Prices
8:30 Retail Sales
10:00 Business Inventories:
10:30 Crude Inventories
2:00 Fed’s Beige Book
Upgrades and Downgrades by Sector:
Aluminum Mining
AL Alcan Bear Stearns Downgraded from Outperform » Peer Perform
Beverages
TAP Molson Coors Brewing UBS Upgraded from Neutral » Buy
Biotech
ILMN Illumina Matrix Research Upgraded from Sell » Strong Buy
IDIX Idenix Pharma Maxim Group Downgraded from Buy » Hold
Brokerage Services
IBKR Interactive Brokers HSBC Securities Initiated at Overweight $33.80
Chemicals
TRA Terra Industries Matrix Research Upgraded from Strong Sell » Buy
Computer Hardware
SNDK SNDK - negative comments by HAMR Negative Comments
Computer Services
SAPE Sapient RBC Capital Mkts Upgraded from Sector Perform » Outperform $7 » $10
SAPE Sapient UBS Price Target Raised Buy $8.50 » $9.25
Computer Software
VDSI VASCO Data Security Friedman Billings Upgraded from Mkt Perform » Outperform $17 » $28
VRNT Verint Systems Deutsche Securities Upgraded from Hold » Buy $32 » $40
EPIQ EPIQ Systems AG Edwards Downgraded from Buy » Hold
Computer Software
MANT MANT - price target lowered to $37 form $40 at STFG Cut Price Target
Construction
SWK SWK - initiated with a Buy at SOLE Initiated
LPX Louisiana-Pacific Matrix Research Downgraded from Buy » Strong Sell
SHLM A. Schulman KeyBanc Capital Mkts / McDonald Downgraded from Buy » Hold
Educational Services
DV DeVRY First Analysis Sec Upgraded from Equal-Weight » Overweight
Foods
DF Dean Foods JP Morgan Downgraded from Overweight » Neutral
Healthcare
RDY Dr. Reddy's Credit Suisse Upgraded from Neutral » Outperform
Healthcare Equipment
HOLX HOLX - Jefferies believe the stock is a Buy and has a $69 price target Price Target Set
CRA Celera Genomics JMP Securities Initiated at Mkt Underperform $11
Healthcare Facilities
MDTH Medcath BMO Capital Markets Initiated at Outperform $38
Healthcare Services
OPTN Option Care UBS Downgraded from Buy » Neutral
Industrial Equipment
ITW ITW - upgraded to Buy at Merrill Upgraded
PNR Pentair CIBC Wrld Mkts Price Target Raised Sector Outperform $38 » $41
Major Pharmaceutical
BMY Bristol-Myers Citigroup Upgraded from Hold » Buy
Manufacturing
WCC Wesco UBS Upgraded from Neutral » Buy
ATV Acorn Intl CIBC Wrld Mkts Initiated at Sector Outperform $30
BEC Beckman Coulter GARP Research Downgraded from Buy » Neutral
Mining - Steel & Iron
NUE NUE - removed from the Goldman Sachs Conviction Buy List Removed
Motion Pictures
BBI Blockbuster Citigroup Upgraded from Hold » Buy
Oil and Gas
ECA EnCana CIBC Wrld Mkts Initiated at Sector Outperform $75
HOFF Horizon Offshore CapitalOne southcoast Downgraded from Buy » Hold
HOFF Horizon Offshore Oppenheimer Downgraded from Buy » Neutral
NGLS Targa Resources Wachovia Downgraded from Outperform » Mkt Perform
Paper and Packaging
CSAR Caraustar UBS Upgraded from Reduce » Neutral
Pharmaceutical
SCRX Sciele Pharma Roth Capital Cut Price Target Buy $30 » $29
Recreational Vehicles
THO Thor Industries RBC Capital Mkts Price Target Raised Underperform $40 » $43
Regional Banks
UCBI United Comm Banks Sun Trust Rbsn Humphrey Downgraded from Buy » Neutral
FCF First Commonwealth Stifel Nicolaus Coverage Dropped
PRTR Partners Trust Stifel Nicolaus Coverage Dropped
REITs
SFI iStar Financial Deutsche Securities Initiated at Buy $54
Retail Trade
SHLD SHLD - Goldman Sachs raises the price target to $200 from $195 Price Target Raised
DKS Dick's Sporting Goods Nollenberger Capital Initiated at Buy $68
Semiconductors
CEVA Ceva CIBC Wrld Mkts Initiated at Sector Outperform $10
Telecommunications
BT BT Group PLC Bear Stearns Upgraded from Peer Perform » Outperform
SWIR Sierra Wireless RBC Capital Mkts Price Target Raised Sector Perform $24 » $27
NOK Nokia JP Morgan Initiated at Overweight
TMX Telefonos de Mex Citigroup Downgraded from Buy » Hold
RCNI RCN UBS Cut Price Target Neutral $30 » $19.50
Transpo-Railroads
CNI Canadian Natl Rail Bear Stearns Downgraded from Outperform » Peer Perform
Utilities
PSD Puget Energy Robert W. Baird Initiated at Outperform $29
Technology:
Citigroup Top Tech ideas:
ADBE, AKAM, CTSH, DST, FNSR, GOOG, INTC, HPQ, KLAC, ISIL, QLGC, SNTS;
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