Tuesday Morning, April 24th
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Hidden Treasure News:
(From an IceColdStocks.net listener)
I have advanced degrees in Engineering, and have been working in an Engineering environment for over 30 years.
My reason for writing you is to hopefully make sure your subscribers really understand the potential of your recent
recommendation of NUCON-RF (NNRF).
NNRF has enormous potential for stock price appreciation.
The reasons are numerous, but what I feel is the most compelling reason is that one of the main impediments to the growth of Nuclear Power has been the inability to negate the dangers in handling the resultant Nuclear Waste Material. This is a "world-wide" problem including in the United States. We are now entering a era where the world must find alternate means to generate power, and presently the trend has been towards building more Nuclear Power Plants. The United States alone has, the last time I checked, over 10 applications for Nuclear Power Plants waiting for approval.
France and Russia have been leaders in this area, with the rest of the world playing catch-up. This will mean Nuclear Waste and its harmful potential will also grow rapidly. If NUCON-RF is a leader in the Management of the this Nuclear Waste, the potential for NNRF's growth is enormous. I have always felt that your original estimate of $40/share was conservative, and I also feel that your current estimate of $80/share may also be conservative. This has the potential to be a MAJOR technological breakthrough, at a time when demand is increasing, that will benefit the entire world.
What has been the driver for the 10X increase in the price of Uranium?
Respectfully,
MR. L
Comment from an IceColdStocks.net listener:
A very large scale awareness program is scheduled to commence for USA Superior Energy Holding ( USSU) starting Tuesday. The program will continue for the near and mid term through the year end. Particularly of note is the near term awareness which is intensive including many newsletters and opinion letters as well as a full page ad in USA Today.
This new energy company is launching operations on existing fields that they hold 100% working interest in. The Bateman project highlighted in todays release, has 88 wells which are currently undergoing cleanup and re-processing for enhanced extraction. The company conservatively estimates 3 BPOD profits off the wells which together would yield over $6.5 MM dollars in gross profit if the numbers hold up.
Additionally the company has a very promising field in Texas called the Zavalla Serpentines. This project is a new drill and the initial geology suggests that production and profits could exceed the Bateman by a large amount.
There are other properties under consideration for development and these initial projects are just the beginning.
The company has advanced technology for Enhanced Oil Recovery (EOR).
View more on the company and the technology a the website (stay tuned for updates)
http://www.usa-superior.com/s/Home.aspI think we are likely to see between $2 and $3 after the launch of the program in the short term. Ultimately the goal is to acquire a major market listing toward years end or early 2008. The action today may be misleading. The stock dropped below support and has been coming back all afternoon. This is a bona fide buying opportunity before the big move.
Have a great day.
D.M.
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Dow Jones News:
Virgin Atlantic to buy up to 24 of Boeing's 787 Dreamliners, as it seeks to remain competitive on Atlantic routes and address emissions concerns. - WSJ
T - posted strong earnings numbers today
DD - The Wilmington, Del., chemicals giant made $945 million, or $1.01 a share, for the quarter ended March 31, up from the year-ago $817 million, or 88 cents a share. Excluding certain items, latest-quarter earnings were $1.07 a share. Sales rose 6% from a year ago to $7.85 billion. Analysts surveyed by Thomson Financial were looking for a profit of $1.03 a share on sales of $7.77 billion.
Boeing Co. and iRobot Corp. on Monday signed a partnership agreement to design and develop a next-generation small unmanned ground vehicle. The vehicle, which will be called SUGV Early, will be a smaller, lighter version of the iRobot PackBot used in Iraq and Afghanistan to disarm improvised explosive devices. The vehicles can also search buildings, caves and tunnels for hostile forces. - AP
Early strenth on the Dow will be led by DD, T, and BA, with XOM on the weakness side;
UTX United Tech Matrix Research Initiated at Strong Buy;
XOM Exxon Mobil AG Edwards Downgraded from Buy to Hold;
Breakouts the Ice Man may consider trading:
SEIC - 64.50
CRND - 61.50
TNH - 71
FDX - 72
Regular Trades the Ice Man may consider:
AGYS - 22.50
SWIR - 17 * Best Bet
DXPE - 45
IRBT - 15.20
NTRI - 57
VRTX - 32.50
TIN - 62
ONXX - 28
Depressed stocks the Ice Man may buy or short to the gap:
UAUA - 38.40 Gap
AZN - 54.55 Gap, 53.85 Gap * Best Bet
Dollar Man Ideas:
HIMX - 6.15
ACEL - 3.50 warning for 4 breakout
NRLS - update on todays Dollar Man recording - make sure to listen!
LUCE - update on todays Dollar Man recording - make sure to listen!
Cramer's Comments:
Bullish: ATU, DISCA, ATI, RS, HON;
Gorilla Trades:
New Potential Buys:
Actuant (ATU): ABOVE $53.00, with a $58.25 first target, a $70 second target, and a $47.75 stop loss.
Confirmation Volume Area = 225K, Risk Rating = 5
Richard the Break-out Trader Video Summary:
Break out buy watch list for short term gains April 24 includes: HERO, YMI, EMKR, WBMD, ANX, SGEN, RDEN, SGU.
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.
Swing Man Market Recap:
by Steve Nelson
The market had a relatively flat day although it was nice to see it take a pause. Market participants attempted to take the market lower today on several occasions but in the end most indices closed only slightly lower. I would prefer a small pullback here but this may prove difficult due to the positive reaction in the futures off the TXN report tonight. Volume trends remain positive along with market breadth. New highs versus new lows also look to be in good shape. Personally, I’m looking for the SPX to move up and test the 1500-1550 area in the short term. Near these levels, I would not be surprised to see a decent correction. However, I still believe that the market is positioned to move higher over the longer term once the necessary pessimism is established. Currently, the base setups and patterns along with the strong longer term oscillators point to a higher move with one strong pullback in between.
In the meanwhile, let’s just enjoy this ride up and see how the market responds to resistance near 1520-30 area on the SPX (don’t be surprised by some selling en route to this target). When those oscillators such as the RSI and Stochastics come together at extremes along with some pronounced negative divergence we will most likely begin a serious correction. In the interim, it’s very likely the Nasdaq and NDX break out of their consolidation patterns and move higher. I suggest everyone take it one day at a time since it will be impossible to predict the exact top. Continue to play the best patterns and do not become complacent.
Good Trading.
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CNBC Fast Money Review:
1. The Top 3
Banking On Buyouts
Macke: Don't short bad companies. Could be take out candidates. Market is
not frothy.
Strazzini: Market is more valid now. Stronger balance sheets, business plans
especially in heathcare space.
Adami: Play is brokers and investment banks. Likes LAZ, GHL.
Bolling: Lot of money looking for lot of returns.
Get Defensive
Adami: Likes BA but buy on dips. Likes LMT.
Bolling: Likes UTX, ATK.
Makce: Loves UTX.
Strazzini: Likes defense space.
Is Gray Lady On Deathbed?
Bolling: Content on internet is key.
Strazzini: NYT growth on internet not strong enough.
2. Sector Trade
Attention Shoppers
Macke: Likes SKS.
Adami: Likes SKS.
Strazzini: SKS not expensive.
Bolling: Likes SKS. Weak dollar better for international consumer.
3. Take Your Position
The Pepsi Generation
Macke: Go long PEP. Better operator than KO.
Adami: PEP going higher if good earnings.
Bolling: PEP is great company.
Strazzini: Likes PEP - weak dollar, consumer space, low expectation.
4. Word on the Street
Don't Mess with Texas
Strazzini: TXN able to work off inventory, keep pricing power.
Ode To Toys
Macke: Spider-Man toys coming out summer. Go long HAS. Also likes MAT.
The Ag Play Reaps Results
Bolling: Buy MON, AGU, DE, BG.
Not So Scientific
Adami: BSX drug coated stent sales down. Could be buy out candidate.
Amgen's Prescription
Strazzini: Buy AMGN below $60. Great earnings and sales of anemia and
artthritis drugs.
Jones Soda Goes Flat
Macke: Buy JSD at $25. Could be takeover candidate.
5. Face 2 Face
Syama from NY - Retailers?
Macke: Buy DKS.
Swati from CA - UL?
Adami: UL up 22% since March. Buy on dips.
Tom FROM IL - VLO?
Bolling: VLO, TSO, CVX all cheap. PE uder 10. Own all three.
6. Fast Money World
Your Big Fat Greek Trade
Strazzini: Likes NBG, OTE, CCH.
Bolling: Likes TITK.
7. Final Trade
Macke: RTH is a sell.
Strazzini: MHS is a buy.
Adami: PEP is a buy.
Bolling: T is a buy.
__________________
Breaking News:
AL - Alcan, the world's second-largest maker of primary aluminum, said it earned $591 million, or $1.60 a share, up from $453 million, or $1.21 a share, a year earlier. On a fully diluted basis, profit was $1.59 a share versus $1.20 a share a year earlier. Analysts had expected Alcan to earn $1.48 a share in the latest first quarter, before exceptional items.
Barron's Positive Mentions: DO, GSF, JOYG, RIG, WMI;
FFIV - expected to be low end of guidance says HAMR;
IPO Central:
Cinemark Holdings Inc. (CNK) priced 28 million shares at $19 in a bid to raise $532 million in its initial public offering Tuesday. The theater chain priced at the top of its $17-$19 range with underwriters Lehman Brothers and Credit Suisse.
Economic Data:
10:00 Consumer Confidence
10:00 Existing Home Sales
Upgrades/Downgrades by Sector:
Aerospace
LDSH Ladish Friedman Billings Price Target Raised Outperform $36 to $43
Aerospace Comm
LLL L-3 Comms Friedman Billings Downgraded from Outperform to Mkt Perform $94 to $96
Biotech
AMGN Amgen Stifel Nicolaus Price Target Raised Buy $65 to $68
GTXI GTX HSBC Securities Price Target Raised Overweight $25 to $29
ITMN InterMune Banc of America Sec Initiated at Buy $38
MEDI MedImmune Lehman Brothers Downgraded from Overweight to Equal-weight
AMGN Amgen HSBC Securities Cut Price Target Overweight $89 to $87
Brokerage Services
GFIG GFI Group Banc of America Sec Price Target Raised Buy $72 to $77
Chemicals
FUL H.B. Fuller Matrix Research Upgraded from Sell to Hold
Communications
Tch BBND Bigband Networks Cowen & Co Initiated at Outperform
BBND Bigband Networks Jefferies & Co Initiated at Buy $22
Computer Hardware
SNDK SanDisk Citigroup Upgraded from Hold to Buy $44 to $52
OPSW Opsware CIBC Wrld Mkts Initiated at Sector Outperform $10
Computer Software
JDAS JDA Software Brean Murray Price Target Raised Buy $20 to $21
BMC BMC Software CIBC Wrld Mkts Initiated at Sector Outperform $38
ININ Int. Intelligence Sun Trust Rbsn Humphrey Initiated at Buy $21.50
IPAS iPass Janco Partners Initiated at Buy $7.75
SYMC Symantec Thomas Weisel Downgraded from Overweight to Market Weight
Finance Companies
WAL Western Alliance Bancorp RBC Capital Mkts Cut Price Target Sector Perform $36 to $35
Foods
ADM Archer-Daniels JP Morgan Initiated at Overweight
HRL Hormel Foods Banc of America Sec Initiated at Buy $43
SFD Smithfield Foods Banc of America Sec Initiated at Buy $36
Gold and Silver Mining
HL Hecla Mining CIBC Wrld Mkts Downgraded from Sector Perform to Sector Underperform $8.75 to $9.50
Healthcare Services
ESRX Express Scripts First Albany Upgraded from Buy to Strong Buy
ESRX Express Scripts Banc of America Sec Price Target Raised Buy $115 to $120
WBMD WebMD Health Needham & Co Downgraded from Hold to Underperform
Hotels and Motels
HIH Highland Hospitality Friedman Billings Price Target Raised Outperform $18 to $21
SHO Sunstone Hotel JP Morgan Initiated at Overweight
SHO Sunstone Hotel RBC Capital Mkts Initiated at Outperform
Industrial Equipment
CMI Cummins Bear Stearns Upgraded from Underperform to Peer Perform
TNC Tennant Matrix Research Downgraded from Buy to Hold
Insurance
CB Chubb Friedman Billings Price Target Raised Outperform $64 to $65
SCA Security Capital Assurance Banc of America Sec Price Target Raised Buy $36 to $37
UFCS United Fire & Casualty KeyBanc Capital Mkts / McDonald Downgraded from Buy to Hold
Major Pharmaceutical
KAL Callisto Pharma Rodman & Renshaw Initiated at Mkt Outperform $3
AZN AstraZeneca HSBC Securities Downgraded from Overweight to Neutral
AZN AstraZeneca Prudential Cut Price Target Neutral $63 to $61
Manufacturing
WGOV Woodward Governor Friedman Billings Price Target Raised Mkt Perform $40 to $44
UQM UQM Technologies Rodman & Renshaw Initiated at Mkt Outperform $6.50
Mining Non-Ferr Metal
HSC Harsco KeyBanc Capital Mkts / McDonald Downgraded from Aggressive Buy to Buy $50 to $58
Oil and Gas
HGT Hugoton Royalty RBC Capital Mkts Upgraded from Underperform to Sector Perform
HAL - added to AG Edwards focus list and CVX was removed;
NR Newpark Res Matrix Research Upgraded from Hold to Buy
CLB Core Labs Stifel Nicolaus Price Target Raised Buy $95 to $97
GRP Grant Prideco Calyon Securities Price Target Raised Add $49 to $55
GRP Grant Prideco RBC Capital Mkts Price Target Raised Sector Perform $52 to $63
GRP Grant Prideco Stifel Nicolaus Price Target Raised Buy $56 to $60
SXL Sunoco Logistics RBC Capital Mkts Price Target Raised Underperform $47 to $48
Personal Services
CLUB Town Sports Intl Stifel Nicolaus Initiated at Buy
LTM LIFE TIME Fitness Stifel Nicolaus Initiated at Buy $59
Recreation
HAS Hasbro BMO Capital Markets Downgraded from Market Perform to Underperform
Recreational Vehicles
MNC Monaco Coach RBC Capital Mkts Downgraded from Sector Perform to Underperform $16 to $14
Regional Banks
VCBI Virginia Commerce Bancorp Stifel Nicolaus Upgraded from Hold to Buy $22
IBCP Independent Bank RBC Capital Mkts Cut Price Target Sector Perform $23 to $16
PFB PFF Bancorp Friedman Billings Cut Price Target Outperform $38 to $35
PVTB PrivateBancorp RBC Capital Mkts Cut Price Target Sector Perform $40 to $36
WTFC Wintrust Fin RBC Capital Mkts Cut Price Target Outperform $51 to $50
REITs
BMR BioMed Realty AG Edwards Initiated at Buy $33
Retail Trade
GCO Genesco Matrix Research Downgraded from Buy to Hold
Semiconductors
TXN Texas Instruments Piper Jaffray Upgraded from Market Perform to Outperform $32 to $41
ALTR Altera Prudential Price Target Raised Underweight $18 to $21
ALTR Altera Stifel Nicolaus Price Target Raised Buy $23 to $26
MSPD Mindspeed Needham & Co Price Target Raised Buy $2.50 to $3
TXN Texas Instruments Prudential Price Target Raised Overweight $38 to $44
TXN Texas Instruments Needham & Co Price Target Raised Buy $35 to $40
TXN Texas Instruments Banc of America Sec Price Target Raised Buy $36 to $45
TXN Texas Instruments Friedman Billings Price Target Raised Mkt Perform $31 to $38
ADI Analog Devices Bear Stearns Initiated at Outperform
NSM National Semi Bear Stearns Initiated at Outperform
ARXX Aeroflex Jefferies & Co Downgraded from Buy to Hold $14
SMI Semi Manufacturing HSBC Securities Downgraded from Overweight to Neutral $8.50 to $8
UCTT Ultra Clean Holdings Needham & Co Downgraded from Buy to Hold
Technology - Gaming
BYI Bally Technologies Roth Capital Price Target Raised Hold $22 to $23.50
Telecommunications
JNPR Juniper Networks Prudential Price Target Raised Neutral $18 to $21
FTE France Telecom Credit Suisse Downgraded from Neutral to Underperform
JNPR Juniper Networks Piper Jaffray Downgraded from Outperform to Market Perform
RADN Radyne Needham & Co Cut Price Target Buy $13 to $12
RADN Radyne Roth Capital Cut Price Target Buy $15 to $12.60
Transpo-Railroads
CNI Canadian Natl Rail Prudential Price Target Raised Neutral $45 to $48