Miles J. Stoner, @StockHollywood

Dallas, Texas

5.16.2010

Preview May 17

Milestone Financial Investments
The Hang Seng is down 2.5% as of last night, which should mean the Dow will follow, look for plays on bear ETF's suck as FAZ, TNA, etc. 
Also, Short Sell bad news. 
  1. ABX = 44.43, as Euro weakens people will look back to gold as a safe haven, I like Barrick for this safety, down off a high of 48.02.
  2. V = 78.35, pre-market ceiling develop at 80.50 to 79.50, an area for shorts to watch for potential weakness down toward 79 to 78.50. Buyers are rolling in late at 78, but not seeing much upside lift yet. Still, it's an area longs may want to watch as a tentative near-term floor.
  3. TIVO = 10.34, court to rehear case involving DISH, not good for them.
    • Depending on who wins the case, I hope Tivo, could be huge boost for stock.
  4. HAUP = 3.97, streaming TV to iphones and ipads.
  5. CMSI = .99, has had 3 great days starting its rise at .15 and topping 1.05 today, I don't know where it goes from here, but definitely one to watch. The spread or bid/ask is very large on this security.
  6. VPHM = 13.4, Baker Biotech bot 3.2mil shares @ 12.9= $41 million.
  7. SD = 6.88 , Fairfax Financial Holdings bot 11.5 mill @ 7.23 = 80million dollars on 4/16/10.
  8. WRPT = 18.10, Insider Kevin G. Douglass bot 3mill share @ 16.65 from 2/16 - 5/3/10.
  9. BLUD = 20.88, insider Value Act Holdings bot 3mill shares @ 21.25.
  10. BKS = 19.89, insider bot 500k shares @ 21.2.
  11. RINO =  15.44, had a big pop and consolidated a little bit back towards middle, but I expect it to go.
  12. Lincare Holdings (LNCR:$45.20,00$-0.87,00-1.89%) announced its board declared a three-for-two stock split. The stock split will be effected in the form of a 50% stock dividend to be distributed on June 15, to shareholders of record on June 3.
  13. Audiovox (VOXX:$8.66,00$-0.27,00-3.02%) reports Q4 net income of $0.29 per share, up from a year ago loss of $3.06 per share. Sales were $150.3 mln, up from $115.7 mln last year.
  14. Netflix (NFLX:$100.56,00$-9.45,00-8.59%) closed the regular session down 8.6%, adding to a 4.1% drop recorded in today's pre-market after the stock was downgraded by Merriman to Neutral from Buy.In eight analyst actions we've tracked between the sessions, NFLX has five times scored wider follow-on regular session moves and three times narrowed its pre-market trade between the bells.
    1. 5/14/10 Pre-Market: -4.1%; 5/14/10 Regular Session: -8.6% - Merriman downgrades to Neutral from Buy.
    2. 4/7/10 Pre-Market: -1.6%; 4/7/10 Regular Session: -4.4% - Barclays cuts to Equal Weight.
    3. 3/3/10 Pre-Market: -4.1%; 3/3/10 Regular Session: -2% - BofA/Merrill downgrade to Underperform from Buy.
  15.   Santarus Inc (SNTS:$3.13,00$-0.13,00-3.99%) said it appealed a U.S. district court ruling against it in a patent lawsuit versus Par Pharmaceuticals , sending shares of the specialty pharmaceutical company up 8 percent.
  16.  Mirant Corp.'s (MIR:$12.51,00$-0.08,00-0.64%) first-quarter earnings rose 7.1% on prior-year charges as the independent power producer saw operating revenue rise slightly and margins jump. Adjusted results fell but easily topped analysts' views.
  17. MetroPCS Communications (PCS:$8.72,00$-0.06,00-0.68%) have seen their shares sink due to increased competition and slowing revenue growth, but increasing demand for prepaid cell phone services makes the shares attractive, said Barron's in its May 17 edition. shares closed at $8.72 on Friday on the New York Stock Exchange but could reach $12 next year, according to the financial weekly.Prepaid wireless subscribers grew 16 percent in the first quarter of 2010, well above the 3 percent growth in postpaid monthly contracts.
  18. Shares of Office Depot (ODP:$6.43,00$-0.13,00-1.98%) were higher in pre-market trading after the company was reportedly upgraded to Perform from Underperform at Oppenheimer.
    The firm reportedly upgraded the stock due to expectations that unemployment burden will ease.
  19. Cinemark Holdings Inc. (CNK:$17.20,00$-0.45,00-2.55%) declared a cash dividend for the first quarter of 2010 of $0.18 per share of common stock. The dividend will be paid on June 18, 2010 to stockholders of record on June 4, 2010
  20. Bill Gates bought another eight million shares of Strategic Hotels & Resorts Inc. (BEE:$4.95,00$-0.25,00-4.81%) for $36.8 million, boosting his holdings to about 12.2 million shares total.  Gates' investment fund Cascade tapped the offering to buy the shares at $4.60 a piece Thursday.
  21. After other attempts to contain the spill failed, BP Plc (BP: 46.87) succeeded in inserting a tube into the leaking well and capturing some oil and gas.
  22. RINO =  15.44, earnings may 17th, 2010.
  23. BRKB, ACOR, AAPL, GS, V, NFLX, SPRD, NBS, IFLG, TIVO, AUTH, AONE, HAUP, BIDU, ACOR, VG, SFMI, APCVZ, PCBC, POZN, LVS.
  24. SQQQ = 57.96, proshares ultra pro short.
  25. BPAX = 2.3, Q2 loss 19cents.

A Look Ahead: Major Corporate & Economic Events, May 17 to May 21       05/14 04:00 PM
05:00 PM Eastern Daylight Time, 05/14/2010 (MidnightTrader) --
MONDAY, May 17
Extended-Hours Earnings: A, AXAS, AERG, AVSO, AXPW, BLTI, BITS, CEL, DL, DFR, TBUS, DYNT, EMIS, GA, HAST, IRSN, HOLL, LGL, LOW, PWRD, PFIN, PMUG, SINA (SINA:$35.11,00$-0.30,00-0.85%) , ULU, VAL, WWON, WYY, XNN.
Economic Data: None.
TUESDAY, May 18
Extended-Hours Earnings: SVN, ANF, APP, EAG, ADI, ALOT, BEAC, GRRF, NPD, IMOS, DKS, EDAP, ENMD, HPQ, HD, KIRK, PLAB, RLGT, SKS, SYPR, TJX, VOD, WMT, WSTL, WUHN.
Economic Data: 8:30 a.m. Building Permits; Core PPI; Housing Starts.
WEDNESDAY, May 19
Extended-Hours Earnings: EGHT, ABMD, AAP, AMAT, ARUN, ADSK, BJ, BRC, CHS, CNTF, CTRN, DE, EFUT, GSOL, SOLR, GYMB, HRL, HOTT, LTD, NTES, OPXT, PETM, RL, REDF, RITT, SBLK, SNPS, TGT, VVTV.
Economic Data: 8:30 a.m. CPI, 10:30 a.m. Crude Inventories.
THURSDAY, May 20
Extended-Hours Earnings: ARO, BONT, BRCD, CMRG, CSC, CPWR, CPWM, DLTR, LONG, FL, GME, INTU, KONG, MRVL, MF, NDSN, PSUN, PDCO, PERY, RRGB, ROST, CRM, SSI, SPLS, SMRT, BKE, CATO, PLCE, WTSLA, VRGY, ZUMZ, WSM.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Leading Indicators; Philadelphia Fed.
FRIDAY, May 21
Extended-Hours Earnings: ANN, HIBB, TECD.
Economic Data: None

U.S. Week Ahead: Earnings and Bank Reform
Europe's Week Ahead: Airlines In Focus
Asia's Week Ahead: Central Banks In Focus

  1. What patterns have been working for you?
  2. If a stock has resisted/support level several times during the past month & violates that level intraday.
  3. Strategy: Dividend Momentum = When a company announces a dividend before it record date, if people are interested, it will get a lift. Only popular stock will work, typically.