Monday Morning, April 30th
Site
News
:
New IceMD Recording: Prostate Cancer;
Breakouts the Ice Man may consider trading:
TWI - 29.30
FSR - 14
GEO - 52.30
GD - 81 warning 81.28
SPW - 71.50 warning 72.18
ACW - 15.80
SIAL - 43
Regular Trades the Ice Man may consider:
USO - 52
CROX - 55.20
IPII - 10
RVSN - 21.60
UIC - 49.90
JRJC - 7
HMIN - 36.50
PLNR - 7.65
Depressed stocks the Ice Man may consider trading:
CRDN - 57
MRK - 50.15
JPM - 50.25 Gap
WBSN - 21.50 Gap
YRCW - 40.60 Gap
AAI - 10.50 * Best Bet
TLT - 87.60 G, 87.15 Gap
Dollar Man Ideas:
AGIX - 3.20
AMRN - 0.87 Bid
CCUR - 1.55 Bid
SGTL - 4.05 Bid
CHID - 0.20
Cramer's Comments:
Bullish: IOTN, SPAR, ATU, DRI, CAKE, TJX, ROST, PENN, VMC, AVP, Q, PG, MHS, BGC, CMG, BWLD, AGN, TRN, ARII, ANDE, CELG, CHTR, EL, KBR;
Gorilla Trades:
New Potential Buys:
AMIS Holdings (AMIS): ABOVE $12.08, with a $14.50 first target, a $16.50 second target, and a $10.75 stop loss. Confirmation Volume Area= 540K Risk Rating = 5
Special Situation Picks:
American Dental Partners (ADPI)...Please use extra caution, as this stock trades on extremely light volume!
Superior Essex (SPSX)...Is being re-listed...initially listed on 9/7/05 at $19.95, and then again on 10/16/06 at $36.83.
Sun Healthcare Group (SUNH)
Value Line:
Upgrades to #1: AL, BLL, AAPL, TEX, ESI, HAS, MLM, GSK
Downgrades to #2 from #1: JWN, AGYS, SNV, IIVI, DRS, FDS, INFY, AKAM
The Shark:
Recommends CBI;
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Richard The Break-out Buyer Video Summary:
Break out buy watch list for short term gains April 30 includes: TK, AVNR, CVM, MGRM, ACI, HMSY, RBC, RMIX.
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.
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Swing Man Market Recap:
by Steve Nelson
The stock market ended another good week with record highs in many of the indices, and bull market highs in other indexes. For the week the DOW/Nasdaq gained 1.2%, the SPX added 0.7%, and the NDX shot up 2.4%. The foreign markets did not fare as well, with only Germany’s DAX and China’s SSEC posting new highs. Most companies in the SPX/Dow have substantial revenue streams overseas and thus benefit greatly from a weak dollar. Thus, the only concern amongst market participants is if the stellar earnings that have recently been announced are due to actual growth or simply due to the currency adjustments. I happen to believe it’s a combination of both factors, but is something to be aware of going forward if the dollar were to strengthen.
While Dow 13,000 has garnered a lot of media attention, what truly impresses me is that the Wilshire 5000 quietly broke out to new all time highs this week. Since the Wilshire 5000 Index represents such a broad variety of groups and sectors, it provides us with the most balanced view of how the US economy is performing overall. Thus, it is one Index to keep an eye in the future. Short term there is no question the market is quite extended with RSI readings elevated into the 70’s and most other oscillators at high levels thus some sort of pullback can be expected at any time. Even during stealth trends (like the mid to late 1990’s advance), it is common to have the market test back to the rising 20 day moving averages to help unwind things a bit. So with that said, where does that leave us today?
For many weeks now, I have mentioned that the SPX was likely to test the 1500-50 area which corresponds to the highs established back in 2000. Last week, the SPX reached 1498 and thus we are very near to the lower end of this range. The question here is do we get a small pullback first before making a run deep into that range or do we continue higher from here before finally pausing. The Elliot Wave count currently shows the indices in a small wave 3 advance with a little wave 4 pullback then another wave 5 move up to complete. The 1520-40 area on the SPX should provide is where one should expect to encounter some headwinds given the extreme overbought conditions combined with the fact the that the SPX has a pattern that specifically projects towards that price area.
Below I have identified strong support areas for the various indices:
Dow = 12,800 where both the February high and rising 20 day moving average come into play.
SPX = 1460-65 where the February high and rising 20 day moving average combine.
NDX = 1845-55 where the February highs and rising 20 day moving average meet.
NAZ = 2531 is first support followed by the rising 20 day moving average currently near 2500.
Lastly, I’m going to briefly highlight the big picture outlook in terms of Elliot Wave analysis. Technically, the bull market can be defined in Elliot Wave terms which help to serve as a roadmap. Cyclical bull markets, such as this, unfold in five Primary waves. Primary waves 1 through 4 have already been completed. This bull market started October 2002, and is in its fifth year. When Primary wave 4 completed in August of 2004, an extending – subdividing fifth Primary wave began. Primary waves subdivide into five Major waves, and each Major wave subdivides into five Intermediate waves. Waves within waves ad infinitum. The SPX and Dow display that Major waves 1 and 2 completed in April of 2005, and we are currently in Major wave 3. Intermediate waves 1 through 4, of Major wave 3, completed at the recent lows in March 2007, and we are currently in Intermediate wave 5. Therefore, when this wave/uptrend completes, it will not only end Intermediate wave 5, but also Major wave 3 – A SIGNIFICANT EVENT. The significance resides in the fact that a Major correction should follow the completion of this current uptrend. Not only will the correction be Major wave 4 of the bull market, but it can retrace a good percentage of the entire advance from April of 2005 (SPX 1136) until now SPX 1498). For now, the objective Elliot Wave target for this advance remains SPX 1530, and the market is uptrending. The ensuing correction will have to wait.
In summary, the market continues to advance but is nearing some significant resistance levels. The trend is up, but we need to be conservative on the long side as we approach these levels.
Good Trading.
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CNBC Fast Money Review:
1. The Top 3
Sell in May?
Bolling: Buy in May. Last 4 years SLE up 22.5%, XLU up 16.5% till end of year.
Strazzini: Each year is different.
Adami: GT up 250% since last Summer.
Revenge of Tech
Adami: Hottest IPO will be VMWare. Own EMC ahead of it.
Macke: Likes MSFT, INTC.
Bolling: Own HPQ.
Strazzini: Likes IBM, CSCO.
Field of Dreams?
Bolling: Likes ADM. Stay away from AVR, PEIX, VSE.
2. Word on the Street
The Odd Couple
Macke: Regional weakness in economy doesn't lead to weakness in stocks.
Record Euro
Strazzini: European companies worried. Likes PG.
Adami: Likes HPQ, MCD.
Amazon Boldly Goes
Strazzini: AMZN overvalued.
Macke: AMZN ahead of self.
Bolling: GOOG only up 8%.
Earnings Sizzle
Macke: Likes BKC.
Strazzini: Fast food stocks ahead of themselves.
3. Dirty Trades
Bolling: Likes FCFS, CSH, EZPW.
4. Fast Fire
LUV - Down 7% since Adami call
Adami: LUV is still best airline, but stay away from airline sector.
AMZN - Up 39% since Macke call
Macke: Still won't own it.
VG - Up 10% since Strazzini call
Strazzini: Still don't like VG.
MPEL - Down 7% since Bolling cal
Bolling: It's a long term play.
5. Quicker than the Ticker
HON - Up 15% since Adami call.
JSDA - Down 20% since Macke call.
AAPL - up 9% since Strazzini call.
OI - up 13% since Bolling call.
6. Final Trade
Bolling: HPQ is a buy.
Macke: BKC is a buy.
Strazzini: EDS, CSC are buys.
Adami: Calvin Jones #1 pick for NFL draft.
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Breaking
News
:
Marathon Oil is betting on diesel as it begins construction of a $3.2 billion addition to its Garyville, La., refinery. - WSJ
Merrill Lynch & Co. Inc. (MER) on Monday said it plans to buy back up to $6 billion of its own stock under a new share repurchase program. The authorization will be exercised from time to time, subject to market conditions, the relative attractiveness of other capital deployment opportunities, and regulatory considerations, the company said. - MarketWatch
L-3 Communications Holdings Inc. (LLL) was awarded a $35.3 million contract by the Australian government's Defence Materiel Organisation for the full upgrade of the Hydrographic Survey Suite in the Royal Australian Navy's PALUMA Class Survey Motor Launches. - MarketWatch
M&A Activity:
Telefonica’s $5.6 billion deal for Telecom Italia ensures Italian hands retain control, reflecting Europe's political constraints amid consolidation. - WSJ
Deutsche Boerse is considering a bid for New York-based International Securities Exchange for about $2.6 billion, or about $68 a share, people familiar with the matter said. - WSJ
Yahoo plans to pay $680 million for the 80% of Right Media it doesn't own, highlighting how Internet companies are betting big on new approaches to extend their advertising reach on the Web. - WSJ
Italian oil group Eni (E) on Monday agreed to buy Gulf of Mexico fields from Dominion in a $4.8 billion deal, as the group continues to expand globally to replace its increasingly mature assets. - MarketWatch
Greatbatch Inc. (GB) Monday agreed to acquire Enpath Medical Inc. (NPTH) for about $102 million, including debt assumption. The deal values shares of Enpath, a Minneapolis medical products maker, at $14.38 each, compared to Friday's closing price of $11.13. Greatbatch, which is headquartered in Clarence, N.Y., expects the transaction to close in late June and for it to add to earnings in 2008. - MarketWatch
IPO Central:
IPOs on schedule for week of 4/30:
Acorn International (ATV). The Company is a Chinese marketing company focused on infomercials and direct sales. The company is selling 7.7M shares at the initial range between $12.50-$14.50. The company announced Revenues for the last 12 months of $196M and Net Income of $4M. The Lead Managers are Merrill and Deutsche Bank. Acorn International (ATV) is headquartered in Shanghai, China and their website is www.chinadrtv.com.
AMC Entertainment (AC). The Company Owns and operates 411 movie theaters under the AMC and Loews Entertainment brands. The company is selling 39.5M shares at the initial range between $18-$20. The company announced Revenues for the last 12 months of $2,429M and Net Income of $(-181)M. The Lead Managers are Goldman, Citigroup, and Deutsche Bank. AMC Entertainment (AC) is headquartered in Kansas City, MO and their website is www.amctheatres.com.
CardioMEMS (SENS). The Company Develops miniature wireless sensors to monitor chronic cardiovascular diseases. The company is selling 6M shares at the initial range between $12-$14. The company announced Revenues for the last 12 months of $2M and Net Income of $(-17)M. The Lead Manager is Bank of America and Jefferies is Co Manager. CardioMEMS (SENS) is headquartered in Atlanta, GA and their website is www.cardiomems.com.
EndoCeutics (ENCX). The Company is a Canadian Biopharmaceutical company developing hormone therapies for treatment and prevention of breast cancer and endocrine-related disorders. The company is selling 5.8M shares at the initial range between $11-$13. The company announced Revenues for the last 12 months of $1M and Net Income of $(-1)M. The Lead Manager is First Albany and Stifel Nicolaus Co Manager. EndoCeutics (ENCX) is headquartered in Quebec (Quebec), Canada.
Cavium Networks (CAVM). The Company is a Fabless designer of highly-integrated processors that enable intelligent networking. The company is selling 6.3M shares at the initial range between $10-$12. The company announced Revenues for the last 12 months of $34M and Net Income of $(-9)M. The Lead Managers are Morgan Stanley and Lehman Brothers. Cavium Networks (CAVM) is headquartered in Mountain View, CA and their website is www.caviumnetworks.com.
Filings:
Cross Match Technologies Inc. on Monday filed to raise up to $225 million in an initial public offering with underwriters Credit Suisse, Morgan Stanley and Raymond James. The Palm Beach Gardens, Fla. maker of finger print scanners plans to trade on the Nasdaq under the symbol CROS. Shareholders in the company include Smiths Group Plc and Theodore M. Johnson. - MarketWatch
PNA Group Holding Corp. on Monday filed to raise up to $175 million in an initial public offering with underwriters Citi and UBS Investment Bank . The Atlanta-based steel distributor and steel processing company plans to trade on the New York Stock Exchange under the symbol PNA. Platinum Equity Capital Partners is 100% owner of the company. - MarketWatch
Economic Data:
8:30 Personal Income
8:30 Personal Spending
8:30 Core PCE Inflation
9:45 Chicago PMI
10:00 Construction Spending
STOCK SPLIT ANNOUNCEMENT:
Atlas America, Inc. (Ticker: ATLS)
announced that its board of directors
approved a 3 for 2 stock split.
Brookfield Properties Corporation (Ticker: BPO)
announced that its board of directors
approved a stock split.
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Upgrades/Downgrades by Sector:
Homebuilders:
AG Edwards think Homebuilders are still NOT a buying opportunity here;
Aerospace
CW Curtiss-Wright CIBC Wrld Mkts Price Target Raised Sector Outperform $45 to $50
ISSC Innovative Solutions Northland Securities Price Target Raised Outperform $30 to $36
CW Curtiss-Wright Banc of America Sec Downgraded from Buy to Neutral
FLIR FLIR Systems Bear Stearns Downgraded from Outperform to Peer Perform
Airlines - Passenger
CAL Continental Air Goldman Sachs Upgraded from Sell to Buy
Audio-Video Equipmnt
HAR Harman Matrix Research Downgraded from Buy to Hold
Broadcasting
SALM Salem Comms Deutsche Securities Downgraded from Buy to Hold
Business Services
ADO Adecco SA UBS Upgraded from Neutral to Buy
Chemicals
AGU Agrium Citigroup Downgraded from Buy to Hold
TRA Terra Industries Citigroup Downgraded from Buy to Hold
Computer Hardware
HTCH Hutchinson WR Hambrecht Upgraded from Sell to Hold
NTGR NETGEAR BWS Financial Price Target Raised Strong Buy $40 to $45
Computer Services
COGT Cogent Jefferies & Co Price Target Raised Buy $15 to $17
Computer Software
ELNK EarthLink Cowen & Co Upgraded from Underperform to Neutral
RMKR Rainmaker Sys Needham & Co Initiated at Buy $10.50
Construction
INSU Insituform Tech Stifel Nicolaus Upgraded from Sell to Hold
Environmental Prod
CF CF Industries Banc of America Sec Price Target Raised Buy $50 to $56
CF CF Industries Citigroup Downgraded from Buy to Hold
Finance Companies
AMP Ameriprise Financial Banc of America Sec Price Target Raised Neutral $55 to $60
FII Fed Investors Banc of America Sec Price Target Raised Buy $41 to $43
FII Fed Investors Keefe Bruyette Downgraded from Outperform to Mkt Perform
Gaming Operations
IGT Intl Game Tech Jefferies & Co Initiated at Buy $47
Healthcare
MDCO The Medicines Co RBC Capital Mkts Downgraded from Outperform to Underperform
ARRO Arrow Intl Matrix Research Upgraded from Sell to Hold
EW Edwards Lifesci Needham & Co Upgraded from Hold to Buy $56
OCR Omnicare Thomas Weisel Downgraded from Overweight to Market Weight
OCR Omnicare Stifel Nicolaus Cut Price Target Buy $48 to $40
MATR Matria Healthcare First Albany Price Target Raised Buy $31 to $36
Household Goods
CL Colgate-Palmolive AG Edwards Upgraded from Hold to Buy $75
Industrial Equipment
HDNG Hardinge Jefferies & Co Initiated at Buy $32
Insurance
ACGL Arch Capital Calyon Securities Price Target Raised Buy $80 to $90
AFL AFLAC Banc of America Sec Price Target Raised Buy $55 to $57
HIG Hartford Financial Banc of America Sec Price Target Raised Buy $109 to $118
TMK Torchmark Corp Banc of America Sec Price Target Raised Neutral $63 to $72
ACGL Arch Capital Lehman Brothers Downgraded from Overweight to Equal-weight
ACGL Arch Capital Stifel Nicolaus Downgraded from Buy to Hold
AGP Amerigroup Jefferies & Co Downgraded from Hold to Underperform $30 to $25
CNC Centene Jefferies & Co Downgraded from Hold to Underperform $19 to $17
MOH Molina Healthcare Jefferies & Co Downgraded from Hold to Underperform $35 to $26
WCG WellCare Group Jefferies & Co Downgraded from Hold to Underperform $80 to $69
Major Pharmaceutical
BMY Bristol-Myers Deutsche Securities Upgraded from Hold to Buy $35
Manufacturing
ROP Roper Inds Friedman Billings Price Target Raised Outperform $61 to $65
AEIS Advanced Energy Matrix Research Downgraded from Buy to Hold
Mining - Minerals
POT Potash Citigroup Downgraded from Buy to Hold
Motor Vehicles
ITT ITT Industries Prudential Price Target Raised Neutral $60 to $64
ITT ITT Industries Friedman Billings Price Target Raised Mkt Perform $61 to $63
Oil and Gas
TTES T-3 Energy Services Bear Stearns Initiated at Outperform $32
EEP Enbridge Energy Wachovia Downgraded from Outperform to Mkt Perform
CAM Cameron Friedman Billings Coverage Dropped
HYDL Hydril Friedman Billings Coverage Dropped
PTEN Patterson-UTI Friedman Billings Coverage Dropped
Real Estate
BPO Brookfield Pptys RBC Capital Mkts Upgraded from Sector Perform to Outperform
Regional Banks
MTB M&T Bank Banc of America Sec Upgraded from Sell to Neutral
CATY Cathay Bancorp Friedman Billings Price Target Raised Mkt Perform $36 to $37
REITs
AHT Ashford Hospitality Trust Friedman Billings Upgraded from Mkt Perform to Outperform $13 to $14
CPT Camden Property Wachovia Upgraded from Underperform to Mkt Perform
DRE Duke Realty Davenport Coverage Dropped
WRE Washington REIT Davenport Coverage Dropped
Retail Trade
AHO Ahold JP Morgan Upgraded from Underweight to Neutral
BGFV Big 5 Sports CIBC Wrld Mkts Initiated at Sector Outperform $33
AMZN Amazon.com BWS Financial Downgraded from Buy to Hold $65
PTRY Pantry HSBC Securities Cut Price Target Overweight $60 to $57
Security Systems
ITRN Ituran Location and Control Needham & Co Upgraded from Buy to Strong Buy $20
Semiconductors
RFMD RF Micro Device CIBC Wrld Mkts Upgraded from Sector Perform to Sector Outperform $8
WFR MEMC Elec RBC Capital Mkts Downgraded from Outperform to Sector Perform
Telecommunications
CIEN Ciena Thomas Weisel Upgraded from Market Weight to Overweight
OTE Hellenic Telecom Bear Stearns Upgraded from Peer Perform to Outperform
TEF Telefonica S.A. HSBC Securities Upgraded from Neutral to Overweight
ARRS Arris Matrix Research Downgraded from Strong Buy to Buy
DSPG DSP Group RBC Capital Mkts Downgraded from Outperform to Sector Perform
Transportation
BPL Buckeye Partners Citigroup Upgraded from Hold to Buy
DRYS DryShips Jefferies & Co Price Target Raised Buy $32 to $50
Utilities
AYE Allegheny Energy Wachovia Upgraded from Mkt Perform to Outperform
PNW Pinnacle West Banc of America Sec Price Target Raised Neutral $47 to $50
SCG SCANA Corp Banc of America Sec Price Target Raised Neutral $40 to $44
SO Southern Co Banc of America Sec Price Target Raised Neutral $37 to $40
XEL Xcel Energy Banc of America Sec Price Target Raised Neutral $23 to $26
ED Con Edison Jefferies & Co Downgraded from Buy to Hold $57 to $53
EDE Empire District Elec Jefferies & Co Downgraded from Buy to Hold $27 to $26.50
EEQ Enbridge Management Wachovia Downgraded from Outperform to Mkt Perform
NST NSTAR Jefferies & Co Downgraded from Buy to Hold $38.50 to $39
PSD Puget Energy McAdams,Wright,Ragen Downgraded from Buy to Hold $26 to $27
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Ten Top-Rated Stocks Under $10 from Investors Business Daily:
Some investors love low-priced stocks. Others hate them. But strong performers can be found at any price. This week, we highlight ten of the highest-rated stocks trading under $10. More...
1. International Royalty ( ROY) - View IBD Stock Checkup
Composite Rating: 94*. The mining firm's sales growth has skyrocketed 1,764%, 7,500%, and 8,564% the past three quarters. Last week, the company bought a 10% stake in New Horizon Uranium Corp. After sustaining losses in 2004 and 2005, International Royalty turned a profit in 2006. Accumulation/Distribution Rating: B+**
2. ClickSoftware Technologies ( CKSW) - View IBD Stock Checkup
Composite Rating: 94. The Israeli software maker is slated to report earnings on May 2. Sales growth has accelerated for three straight quarters. The company has no debt and owns an annual return on equity of 24%. ClickSoftware is hovering just above its 50-day moving average after a huge reversal week earlier this month. Accumulation/Distribution Rating: B-
3. Theragenics ( TGX) - View IBD Stock Checkup
Composite Rating: 93. The Georgia-based company makes medical devices serving the cancer treatment and surgical markets. Its earnings exploded 1,100% in the latest reported quarter and after-tax margins jumped to 27%. The stock pulled back to its 50-day moving average. Accumulation/Distribution Rating: A
4. Newpark Resources ( NR) - View IBD Stock Checkup
Composite Rating: 92. The company provides drilling fluids, site access and environmental products and services to the energy industry. Newpark has recently logged many weekly gains on above-average volume. It reports earnings on May 4. Analysts see profit climbing 25% to 10 cents a share. Accumulation/Distribution Rating: B+
5. Axcelis Technologies ( ACLS) - View IBD Stock Checkup
Composite Rating: 90. The maker of semiconductor manufacturing equipment is just about 6% off a 52-week high. It reports earnings on May 2. Analysts expect profit of 4 cents a share or a 300% increase. Axcelis's industry group, Electronics-Semiconductor Equipment, ranks 21st in IBD's 197 Industry Group Rankings. That's up from 88 three months ago. Accumulation/Distribution Rating: B+
6. Graftech International ( GTI) - View IBD Stock Checkup
Composite Rating: 90. The Ohio-based firm makes carbon and graphite products for the metal, electronics and other industries. The stock has enjoyed multiple weeks of gains since bouncing off its 50-day moving average. Its full-year profit is expected to climb 30% this year. Accumulation/Distribution Rating: A-
7. Osteotech ( OSTE) - View IBD Stock Checkup
Composite Rating: 87. The stock pulled back to its 50-day moving average on light trade this week. Osteotech processes human bone and connective tissues for transplants. Year-to-date, the stock has gained about 36%. Accumulation/Distribution Rating: B+
8. ARM Holdings ( ARMHY) - View IBD Stock Checkup
Composite Rating: 87. Earlier this month, the British chipmaker entered into a marketing deal with software maker Synplicity. Financial terms were not disclosed. The firm's sales growth has accelerated for three straight quarters. ARM Holdings is trading near a five-year high. Accumulation/Distribution Rating: B
9. Stewart Enterprises (Class A) ( STEI) - View IBD Stock Checkup
Composite Rating: 87. Louisiana-based Stewart Enterprises provides funeral and cemetery-related services in the U.S. and Puerto Rico. Last month, the company delivered a 38% rise in first-quarter profit and a 5% increase in sales. Its after-tax margin climbed to 9.1%, the highest in seven quarters. Accumulation/Distribution Rating: A-
10. CMGI ( CMGI) - View IBD Stock Checkup
Composite Rating: 86. CMGI is a provider of supply-chain management services. It also has a venture capital unit, which invests in an assortment of early- and mid-stage technology companies. Its earnings growth is expected to surge 117% this year. Accumulation/Distribution Rating: B+
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Criticism of the StockLemon Site from The Wall Street Digest:
http://www.wallstreetdigest.com/specialstock/specialstocklogin.html
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From the StockTiger Site:
The markets were pretty flat and we had a couple nice break outs but our 3 long term stocks were under a short selling attack organized my stocklemon.com. They watch stocks that have had a lot of momentum and are up significantly then using lies, innuendo or truths that have little significance, they get their subscribers to short the stocks. It is well organized and they can really drop a stock in the short term as stops get taken out. They are scum who do not talk to the companies who's stocks they attack and they do no research about the companies themselves but only try to find anything they can to try to discredit a stock. Today they put out a piece talking about the Ice Man at icecoldstocks.net. Most of you listen to his audio comments we have here on the left or maybe have spoken with him on the phone and know him to be a straight shooter in all respects.
He as an example has a 3-day hands on free trading course that is called boot camp at his home and your room and the board is also free and you only need to donate to a charity. This is the kind of guy he is. On stocks he will always also tell you his honest opinion. If he has a company he likes but then they mess up he tells you about it. If he receives stock from a company to represent them he always says so and it is also on his site. Any stock he does receive is restricted stock, meaning he cannot sell it for at least a year so there is no worry of a "pump and dump" scenario. I have never know a harder working guy in the stock market and his morning market recordings and intraday updates are invaluable....and free. I have never met someone who disagrees with what I just wrote.
Ice Man has a past and in that past there were several cases against him during 1971 and in 1991 in the securities field. In 1991 he plead guilty to securities fraud and conspiracy. He cooperated fully with government in other prosecutions.
That was in 1991 and it is not a secret. It has been 26 years since then. Today he posted an audio comment on this, Ice Man talks, as he said, his site is free as are his multiple helpful daily audios and it is everyone's choice if they find it useful or not.
Stocklemon brought this 26 year old information up in a way to discredit companies that Barry thinks are attractive situations for long term investments. Pay attention as this is important. These 3 stocks are long term investments as long as the company's situations remain good. There has not nor will there be allegations of "pump and dump" first off because these are long term and secondly because if he received shares he cannot sell for a year at least.
So today using manipulation, timing and underhanded means stocklemon in one sweep tried to discredit three stocks by using 26 year old information that has absolutely no connection with the companies. Is Coffee Pacifica going to sell less coffee from its over 123,000 farmers - NO! - Is this going to effect NUCON-RF's $183 million production of nuclear power plant parts in 2007 at its ATOLL factory or in nuclear contamination cleanup projects or is their proprietary EECOM/BIECOM going to be less effective in nuclear shieding. NO! Are the evolutionally CryoPort Express(r) One-Way Shipper packs from CruoPort going to be less meaningful in changing the way the world ships some frozen items for specific industries NO! The point is that all three of these companies have the same fantastic future possibilities as they had two weeks ago. All of these stocks have significantly higher prices than they had two or three weeks ago but they are all down from 3 days ago. These stocks are suggested due to their fundamentals and not their technical chart patterns so all are more attractive buys now than they were. You are grown ups and have to decide for yourself but you know that. I did not sell shares on the pullback though it would have been a good idea to sell and buy back but I bought these for big gains in a year or two and receive the long term tax advantages so if the stocks move up and down I will ride the waves keeping my sight on the horizon as I like very much the potential of all three of these companies and the benefit they give the world through their businesses.
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Barron's:
This weeks Barron's summary includes the following articles...
1) Cover Story - Wear Your Seatbelt.
Our latest Big Money poll of professional investors is flashing a yellow
light for U.S. stocks, amid uncertainty about earnings and economic growth.
Bulls say the Dow will end the year around current levels -- and top 14,000
in 2008. Bears brace for a stomach-churning selloff.
2) Interview - Sound Reasoning.
An interview with Charles Hess: By piecing together clues from many sources,
Inferential Focus reveals the big picture. What's on view now.
3) Feature Story - The Bulls Next Move.
The market looks ready to rest - but some stocks may get a second wind.
4) Feature Story - Getting a Reaction.
A new U.S. nuclear age would benefit GE, Entergy, Exelon and others.
5) Feature Story - The Buck Stops Where?
How to prepare for a possible snapback by the U.S. dollar later this year.
6) Preview & Coming Earnings.
7) Up and Down Wall Street.
What's now for the Dow. Strong President equals strong dollar?
8) The Trader - The Big Guys Lead the Way.
With the Dow at a new peak, few are thinking about a pullback.
9) International Trader - Asia.
Japan market pales compared with beefed-up Korea.
10) International Trader - Europe.
CEO departure over scandals will nick Siemens' turnaround.
11) Commodities Corner - ETF's Go Platinum.
New exchange-traded funds in platinum should add heat to price.
12) Fund of Information - Fund of Funds Gain Fans.
Why funds-of-hedge funds make sense for some investors, despite the extra fees.
13) Cash Track.
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Re: NNRF
Barron's Article on Nuclear Energy
Nuclear Energy's New Power Trip
By DIMITRA DEFOTIS
SOMETIME AFTER THREE MILE ISLAND and before Al Gore's movie on global warming, nuclear power got cool again.
It's not that anyone has figured out a brilliant way to store spent radioactive fuel. But the U.S. must maintain a reliable electricity network, and is stepping up pollution reduction to comply with new emissions standards. With North America's supply of clean-burning natural gas dwindling, turbines fueled by uranium -- which already produce 20% of the nation's power -- seem destined to play a bigger role in keeping the lights on, especially if regulators give the go-ahead for new U.S. nuclear plants; none have been ordered since 1978.
Fourteen companies have announced intentions to file license applications to build 34 reactors, notes Mitchell Singer, a spokesman for the Nuclear Energy Institute. The trade group estimates that the next reactor will be built by 2015. Given the political opposition that still exists to such plants in some areas, many Wall Street analysts view that estimate as at least two years too optimistic.
Whether new plants materialize depends, in part, on the industry's ability to convince the federal Nuclear Regulatory Commission that security can be made tight enough to thwart terrorists -- which nuclear proponents insist it already is at existing facilities. It also hinges on maintaining operational safety; another Three Mile Island could prove fatal to nuclear power's reborn hopes. And the growth of the industry is also linked, to some extent, on resolving the contentious, long-debated issue of where to permanently store atomic waste.
The dawn of a new U.S. nuclear-power age would be a boon for utilities, uranium miners and suppliers of nuclear reactors and related equipment and services. Making that a growing possibility are global-warning concerns and a rabid worldwide appetite for electricity.
A new U.S. nuclear-power age would be good for uranium miners, as well as operators and suppliers of reactors like those at this New Jersey facility. Consider power-hungry Texas, where utility TXU (ticker: TXU) had planned to build a slew of coal-fired power plants to fend off brownouts. After private-equity firms Kohlberg, Kravis Roberts and Texas Pacific Group agreed to buy TXU, they wooed environmentalists by scrapping King Coal in favor of nuclear.
Abroad, China is supplementing its coal-power expansion with nuclear plants. General Electric (GE) hopes to sell reactors in India, where it built some in the late 1960s. And countries such as France, which already gets most of its electricity from atomic plants, will be adding more.
"There has been a positive shift in thinking about nuclear power with the climate-change debate [and] a better understanding that nuclear plants are the unsung workhorses of the American electric system's reliability and market-price stability," says Elise Zoli, a lawyer specializing in energy issues at Goodwin Procter, a Boston law firm.
Electricity demand is increasing at a 2% to 3% annual clip globally, but generation capacity isn't keeping pace. That raises the threat of outages everywhere.
Coal, America's most plentiful fuel, powers about half of U.S. electricity plants. But it produces carbon dioxide and other pollutants. Reducing CO2 is expensive, and schemes to bury it are in just the experimental stage.
If carbon-emission taxes replace the existing pollution-credit-trading system, the most-nuclear utilities benefit.
Nuclear plants cost three to six times as much to build as natural-gas-fired equivalents. But that disparity could decrease if utilities use the more compact reactor designs that have evolved since the last U.S. commercial nukes were built. Once they're online, however, nuclear plants are more efficient than fossil-fuel-powered facilities.
Producing a kilowatt hour of electricity costs, on average, 2.5 cents from coal and 8 cents from natural gas, says Bernard Picchi, an analyst at Wall Street Access, a New York research firm. In contrast, he says, producing a kilowatt hour at a nuclear plant costs about 1.7 cents. And uranium's operating-efficiency advantage over coal and gas should linger even if that fuel's cost doubles from its current spot price near $113 a pound.
Says Charles Gaffney, an energy and utilities analyst at Eaton Vance Management in Boston: "The low-cost nature of operating these plants, and the high-priced power environment we are in, will lead to margin expansion for the incumbent nuclear generators." (See table "Long Time Coming.")
While electric-utility stocks have climbed at three times the rate of the broader market in the past year, the upside could continue for three to five years for nuclear players in power-constrained markets.
The biggest incumbent is Exelon (EXC), whose assets are concentrated in Illinois and Pennsylvania. Roughly 66% of its generation capacity comes from atomic power. However, its near-term prospects have been muddied by threats of rate freezes in its home state of Illinois, owing to allegations of manipulation in a power auction. Entergy (ETR) is the second-largest owner of nuclear generation in the U.S. Other players Eaton Vance likes are Dominion Resources (D) and Constellation Energy (CEG).
Table: Long Time ComingRoughly a third of Constellation's electricity is uranium-fueled, much of at plants in Maryland and New York. Jefferies & Co. recently raised its 12-month price target on the stock by more than 20%, to 105, on the assumption that natural-gas prices will hold near $8 per million British thermal units.
Even though nuclear accounts for just 5% of its power output, NRG Energy (NRG) has strong prospects, too. An unregulated merchant seller of power, it operates in several electricity-hungry markets, including the Northeast and Texas, where it and some partners own two nuclear reactors and could add two more on the same sites.
"If you have the right access, land, water, transmission grid, expertise in running efficiently, as NRG does, those are strong selling points to state commissions," says Eaton Vance's Gaffney. "The best way to solve high retail-electricity prices is to develop lower-cost sources." Because many Texas power plants are gas-fired, "you become the low-cost provider with a nuclear plant."
NRG shares have moved up in the past year, making its current-year price-earnings multiple near 20 look a bit high. But analysts are increasingly looking at cash flow in the sector, since private-equity buyers are interested in paying higher prices for nuclear assets, and the stocks are trading at a discount to asset value.
Using enterprise value (stock-market value, plus net debt) divided by earnings before interest, taxes, depreciation and amortization, NRG is trading at 10.6 times, in line with peers, despite its unregulated upside. That's one reason bulls think the stock could rise roughly 25% over the next two years.
Constrained supply is helping to boost uranium prices. (The first uranium futures contracts will be offered by Nymex May 6.) One factor: Russia has said it won't extend its agreement with the U.S. to share thousands of tons of recycled uranium from dismantled nuclear weapons beyond 2013. Roughly half of the uranium used in U.S. power plants over the past decade has come from Russian bomb-grade uranium, says Picchi, obscuring the "fact that uranium-mine production has failed to keep pace with reactor demand for years."
Where will new supply come from? Australia has the largest reserves, although it is second to Canada in production, followed by Kazakhstan, according to the World Nuclear Association trade group.
A flood in one of North America's largest new uranium mines, Cigar Lake in Canada, controlled by Cameco (CCJ), will delay production. That's provided a chance for investors: While stocks in small, speculative uranium-mining concerns have shot to the moon, Cameco, given its woes, merely has trailed the Standard & Poor's 500's 14% rise over the past 12 months.
The Bottom Line
Electric-utility stocks have climbed at three times the rate of the S&P the past year -- and gains should continue for three to five years for nuclear players in power-constrained markets.General Electric expects double-digit growth from its nuclear-services business as more U.S. utilities get approval to extend their licenses and boost their capacity. Says Andrew White, GE's CEO of nuclear energy: "The economics of nuclear energy now, because of fossil-fuel prices, means that power generators on the fence about upgrades or life extensions of nuclear plants want to do things faster." GE gets about 33% of its infrastructure profits from its energy units, and nuclear is a small piece it doesn't break out. But one or two reactor orders would goose earnings. NRG and its partners chose GE reactors for their proposed Texas plants.
Another company that could benefit is Fluor (FLR), a global engineering and project-management outfit that provided engineering or construction services for 20 nuclear units between 1970 and 1993 -- and is an expert on cleaning up nuclear waste. This year, Fluor formed an operation to address potential new U.S. nuclear-power business.
Fluor shares, like those of Chicago Bridge & Iron (CBI), which also provides services to nuclear-energy companies, are near all-time highs. But earnings estimates for both could prove conservative for 2008, given the strength in energy prices.
In sum, the outlook for the nuclear-energy industry in the U.S. is clouded by political issues that seem to be abating. If those issues don't fade away, the plants that exist today will remain an important part of the power grid, and are likely to be upgraded. And if new plants are allowed to be built, the nuclear-power industry's growth surge should be electric.
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