6.07.2010

Preview June 7


  1. Shares of Javelin Pharmaceuticals (JAV:$1.3200,$-0.0100,-0.75%) were flat in after-hours trading after the company received notice from the NYSE Amex LLC that Javelin is not in compliance with certain exchange rules.


    • Shares of Javelin Pharmaceuticals were flat in after-hours trading after the company received notice from the NYSE Amex LLC that Javelin is not in compliance with certain exchange rules.
    • 1.28 to 1.34
    • Short, shares held their level mostly friday, this news should drag them down.

  2. Kenexa (KNXA:$12.56,00$-1.35,00-9.71%) recently launched Kenexa 2x™, which links Recruitment, Onboarding, Performance Management, and Mobility into one technology platform. Kenexa 2x enables customers to boost productivity, increase cost savings, ensure compliance with corporate and legal mandates, and raise employee engagement.

    • 12.55 – 13.91

    • Long, shares have been down very low last few days from $14 area.
  3. Today eHealthInsurance (EHTH:$12.40,00$-1.31,00-9.56%) , the leading online source of health insurance for individuals and families, released answers to several key questions asked by attendees of the recent 'Coping without COBRA' webinar, which took place May 25, 2010.

    • 12.39 to 13.71
    • Short @ 13.7, above that seems like easy short. Around 12 long.
  4. Cathay General Bancorp (CATY:$10.38,00$-0.89,00-7.90%) announced that its board of directors declared a cash dividend of 1 cent per common share payable on June 10, 2010, to stockholders of record at the close of business on June 1, 2010.

    • 10.22 to 11.36
    • Long, should get pop from dividend declaration, then short could play.
  5. United Community Banks, Inc. (UCBI:$4.25,00$-0.36,00-7.81%) was held on May 26, 2010. The shareholders elected Robert L. Head, Jr., W.C. Nelson, Jr., John D. Stephens, and Jimmy C. Tallent as directors of the company.


    • The shareholders approved an amendment to the amended and restated articles of incorporation of company to increase the number of shares of common stock available for issuance.

    • 4.19 to 4.61
    • Trying to raise capital for some reason by issuing stock because, perhaps, the stock wont rise, 4.35 short, could long under 4.
  6. PSUN($3.68) - I like the company for the summer! yeah!

    • 3.37 to 3.68
    • Friday retail sales economic data comes out could help this stock at a bargain right now.
    • Long, try to buy as close to 3.3 or 3 as possible. The economic data could help a lot.
  7. Zoran Corporation (ZRAN:$9.48,00$-0.77,00-7.51%) , the U.S. DTV SOC market share leader in flat panel televisions, is demonstrating its latest Internet Connected and 3D DTV and set-top box processor platforms for global consumer electronics manufacturers at Computex 2010 at the Grand Hyatt Taipei.

    • 9.48 to 10.25
    • Long, could present and make stock run.
  8. Petroleo Brasileiro (PBR/A:$31.34,00$-0.85,00-2.64%) announced the discovery of a new accumulation of light oil (29o API) in the pre-salt layer in the Campos Basin, in water depths of 648 meters in the Marlim field Production Concession.
    • 31.75 to 36.15
    • Long, could have major pop as most oil is screwed right now although I feel BP will cap the leak Monday.
  1. Spanish healthcare company Grifols is close to a deal to buy Talecris Biotherapeutics (TLCR:$15.915,0$-0.555,0-3.37%) , which produces plasma-based protein therapies, sources close to the proposed transaction said on Sunday. The likely deal is expected to be over $3 billion in size.

    • Which values the company at $24/share.
    • Long, if this deal goes through that almost a 66% increase in Fridays closing value.
  2. Oracle Corp. (ORCL:$22.13,00$-0.71,00-3.11%) disclosed Friday that it will cut more jobs in Europe and Asia as it absorbs Sun Microsystems Inc., resulting in total restructuring costs that will likely top $1 billion and far exceed earlier estimates.

    • 22.12 to 22.83
    • Long, if mkt cooperates then we should see it run back to 22.83, last 22.20.
  3. A cancer drug being developed by Bristol-Myers Squibb Co (BMY:$22.44,00$-0.44,00-1.92%) reduced the risk of death from advanced melanoma by more than 30 percent in a late stage clinical trial, representing a potential major advance in treating a disease for which there are few options.

    • 22.42 to 22.72
    • Long/Short play all day, could be good play all day. More long than short.
  4. On Monday, Altera Corp. (ALTR:$23.6575,$-0.8125,-3.32%) , a maker of programmable logic devices used in electronic systems reports quarterly results, followed by water filtration company Pall Corp. (PLL:$33.34,00$-1.69,00-4.82%) on Tuesday.

    • Keep an eye on these reports could be good plays before or after.






  1. Alcoholic beverages giant Brown-Forman Corp. (BF/A:$57.05,00$-1.37,00-2.35%) reports on Wednesday and National Semiconductor Corp. (NSM:$13.70,00$-0.6475,-4.51%) reports on Thursday.
    • Keep an eye on these reports could be good plays before or after.
  1. Array BioPharma Inc. (ARRY:$3.60,00$-0.14,00-3.74%) today announced the presentation of positive Phase 1 clinical data and has shown encouraging preliminary results in the treatment of multiple myeloma.


    • 3.53 to 3.63
    • Early run, Long, but take profits fast.
  2. ImmunoGen, Inc. (IMGN:$8.44,00$-0.74,00-8.06%) , a biopharmaceutical company that develops targeted anticancer therapeutics, today announced the presentation of clinical data from a Phase Ib/II trial kinda partially good news on lab results.

    • 8.40 to 8.61
    • Long, partially good data, pop, sell, short, middle of the road sell, flat.
  3. UCO, TZA, FAS, VXX, IRE, LVS Stuff to Remember, good plays on down days.
Airlines In Trouble with Debt:

  • AMR Corp. (AMR:$7.75,00$-0.53,00-6.40%) ,

  • UAL Corp. (UAUA:$21.0825,$-1.1575,-5.20%) ,

  • Delta Air Lines Inc. (DAL:$13.58,00$-0.70,00-4.90%) ,

  • Continental Airlines Inc. (CAL:$22.04,00$-1.01,00-4.38%) ,

  • US Airways Group Inc. (LCC:$8.59,00$-0.62,00-6.73%)
  • Southwest Airlines Co. (LUV:12.02...) -- had net debt of $20 billion at the end of 2007. Two years later, that had grown to $27.4 billion, Airlinefinancials says.
Madison Williams and Company (www.madisonwilliams.com), a leading full-service investment banking firm announced that it has initiated coverage of the Oilfield Services Sector under equity research analyst Jeffrey Spittel.
Mr. Spittel's research includes company coverage of:



Buy Ratings:

  1. Baker Hughes Incorporated (BHI:$38.47,00$-0.91,00-2.31%) ,

  2. Cameron International Corp. (CAM:$33.23,00$-1.39,00-4.02%) ,

  3. Carbo Ceramics Inc. (CRR:$69.41,00$-0.47,00-0.67%) ,

  4. Chart Industries Inc. (GTLS:$17.23,00$-1.04,00-5.69%) ,

  5. Dresser-Rand Group Inc. (DRC:$33.24,00$-0.10,00-0.30%) ,

  6. McDermott International Inc. (MDR:$21.08,00$-1.42,00-6.31%) ,

  7. National Oilwell Varco Inc. (NOV:$34.66,00$-1.01,00-2.83%) ,

  8. Oil States International Inc. (OIS:$37.96,00$-1.55,00-3.92%)
  9. Superior Energy Services Inc. (SPN:$19.51,00$-0.79,00-3.89%)
Accumulate Ratings:

  1. Bristow Group Inc. (BRS:$30.98,00$-1.51,00-4.65%) ,

  2. Dril-Quip Inc. (DRQ:$43.61,00$-0.39,00-0.89%) ,

  3. FMC Technologies Inc. (FTI:$49.30,00$-1.22,00-2.41%) ,

  4. Global Industries Inc. (NasdaqGS: GLBL),

  5. Halliburton Co. (HAL:$23.11,00$-0.52,00-2.20%) ,

  6. Hornbeck Offshore Services Inc. (HOS:$13.70,00$-1.06,00-7.18%) ,

  7. Oceaneering International Inc. (OII:$42.89,00$-0.68,00-1.56%) ,

  8. T-3 Energy Services Inc. (TTES:$27.75,00$-0.76,00-2.67%) ,

  9. Tetra Technologies Inc. (TTI:$8.95,00$-0.15,00-1.65%) ,

  10. Tidewater Inc. (TDW:$40.30,00$-0.97,00-2.35%)
  11. Willbros Group Inc. (WG:$8.22,00$-0.54,00-6.16%)
  1. Gulfmark Offshore Inc. (GLF:$25.56,00$-1.18,00-4.41%) with a Neutral rating
  1. Gulf Island Fabrication Inc. (GIFI:$16.16,00$-1.41,00-8.03%) with a Reduce rating



A Look Ahead: Major Corporate & Economic Events, June 7 to June 11­
  • MONDAY, June 7


    • Extended Hours Earnings: ALTR, ATAI, CASC, CWST, FCEL, GIII.
    • Economic Data: 3 p.m. Consumer Credit.
  • TUESDAY, June 8


    • Extended-Hours Earnings: BOBE, CHP, CMN, DG, MIND, ODC, OXM, PLL, TTWO, TLB, TXN.
    • Economic Data: None.
  • WEDNESDAY, June 9


    • Extended-Hours Earnings: ALOG, CIEN, HOFT, LUB, MAGS, MW, PURE, RGEN, SHFL, STEI, TITN, ULCM, MTN.
    • Economic Data: 10 a.m. Wholesale Inventories; 10:30 a.m. Crude Inventories; 2 p.m. Fed's Beige Book.
  • THURSDAY, June 10


    • Extended-Hours Earnings: APWR, ARST, CRAI, DLM, FNSR, LULU, NSM, NAVI, NOOF, SCHS.
    • Economic Data: 8:30 a.m. Initial Claims; Trade Balance; 2 p.m. Treasury Budget.
  • FRIDAY, June 11


    • Extended Hours Earnings: None.
    • Economic Data: 8:30 a.m. Retail Sales; 9:55 a.m. Michigan Sentiment; 10 a.m. Business Inventories.






"European sovereign credit issues, bailouts, Hungary politicians, German short-selling rules, Chinese tightening, oil drilling moratoriums, the political abyss that is Japan.
In all likelihood, tensions in the Middle East will calm, the euro-zone crisis will be averted, North Korea and South Korea will not go to war, and BP will manage to seal the Gulf Coast oil spill, said Kevin Giddis, a managing director at Morgan Keegan & Co.



The statement came after NYSE Euronext (NYX:$27.40,00$-1.04,00-3.66%) reported that it continues to await approval from regulators before it can proceed with its planned phase-in of circuit breakers for specific stocks, which had been slated to start Monday.
After the May 6 market plunge, U.S. stock exchanges agreed with regulators to start a six-month pilot program to pause trading in any stock in the Standard & Poor's 500-share index if the stock falls more than 10% within a five-minute period.
The program had been scheduled to start June 14 and end Dec. 10.

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