Miles J. Stoner, @StockHollywood

Dallas, Texas

7.11.2010

July 12

Milestone Financial Investments L.L.C. - Intra-Day Scalping at its Finest
"I will cut the head off of any stock in my way, me, Chief Intra-Day Scalper."
  • Nasdaq-100 After-Hours Indicator Down 0.18 at 1814.61.
  • Stock Averages Gain for Session, Record Strongest Weekly Performance Since July 2000. 
  • A fading recovery, persistently high unemployment, Europe's debt troubles and commercial real estate losses have garnered most of the attention. But some Fed officials have begun talking more about another trouble zone -- recession-hit U.S. state and local government finances.
  • What can creditors expect from Dubai World meeting?
    • present the details of its restructuring plan
    • reviewed by banks' risk and credit committees before a decision to agree or reject to the plan.
    • approve the deal is higher since the seven most exposed banks are already on board
    • restructuring process will be ongoing over several years
  •  Earnings are going to be huge this week, so weather you play them long or short, trigger finger.
    1. Vivus (VVUS:$11.52,00$-0.17,00-1.45%). downgraded by Rodman & Renshaw from Mkt Outperform to Mkt Perform on Friday. The U.S. FDA Administration will release its staff review of VVUS's diet pill Qnexa on July 12, outside advisors to the FDA will meet July 15 to evaluate the treatment, reports Bloomberg. VVUS July 12 straddle is priced at $6.20, September is at $7.40 according to Track Data.
    2. Novell Inc. (NOVL:$6.06,00$0.08,001.34%) over ownership of the copyrights to the Unix computer operating system is being sued. 
    3. International Coal Group, Inc. (ICO:$4.40, up .08cent, up 1.85% )
      • loss on extinguishment of debt and non-controlling interest, increased to $46.9 million in the first quarter of 2010, as compared to $44.5 million in the prior-year comparable period.
    4. Google Inc. (GOOG:$467.49, $10.93, up2.39%) and Research In Motion Ltd. (RIMM:$53.33,00$3.87,007.82%) shares were mixed Friday evening, following dayside gains after each company announced China-related developments.
    5.  Lions Gate Entertainment Corp. (LGF:$6.84, 0.08, up1.18%) confirmed Friday that it and activist investor Carl Icahn will jointly set aside their differences and work on a possible unspecified acquisition for 10 days.
      • Great opportunity to buy this stock, its below the $7 initial takeover offer from Icahn, and he will probably take monster control for more $ a share. 
    6. Archer Daniels Midland Co. (ADM:$26.72,00$0.01,000.04%). Recommends Rejection of Below-Market-Price Mini-Tender Offer by TRC Capital Corporation. According to the SEC, mini-tender offers are for less than 5 percent of a company.
    7. BP plc (BP:$34.05, $0.31, up 0.92%) has broken into positive territory and nearing a 1% gain, after a report by Fox Business News'Charlie Gasparino that the beleaguered British oil company is in play and drawing lots of interest from potential buyers.


      • The company's American Depositary Receipt (ADR) opened down 46 cents at $33.28 on the New York Stock Exchange and hit a low of $32.12 mid-morning before buyers stepped in, slowly at first, but with in increasing numbers joining the fray in afternoon trading. The stock turned positive just after 2 pm and hit a session high of $34.11.
      • BP removes old oil-capture cap, prepares new one
        • Seems like BP has gotten its problems solved at the moment, long scalp here, but If currents carry oil to East Coast states, Cuba and other Caribbean nations, liability lawsuits could hit levels BP could not handle, a U.S. expert said. 
        • Most experts call the possibility of bankruptcy of the international oil giant unlikely.
    8. Anadarko Petroleum Corp. (APC:$45.41,00$0.85,001.91%) shares surged 19.3% for the week, clinching the spot as the index's top gainer.
      • Anadarko Petroleum Corp. won't pay the $272 million in oil spill related costs that BP billed it for last month.
    9. Abercrombie & Fitch Co. (ANF:$36.06,00$0.61,001.72%) shares climbed 15.9% for the week. The clothing retailer announced a 9% jump in same-store sales Thursday, more than triple the 2.8% analyst expectation.
    10. Priceline.com Inc (PCLN:$204.09,00$4.81,002.41%) shares gained 15.7%. On Thursday, Caris & Co. analyst Sandeep Aggarwal upgraded his rating on shares of the online travel company to buy from below average and raised his price target to $230 from $180 previously.
    11. Used-car retailer CarMax (KMX:$19.35,00$0.06,000.31%) shares dropped 2.1% for the week
    12. The worst-performing S&P 500 stock was retailer Family Dollar Stores Inc. (FDO:$36.00,00$-0.30,00-0.83%) . The company on Thursday reported strong third-quarter profit but toned down its full-year outlook, bringing shares to a 6.8% decline for the week.
    13. Barnes & Noble Inc (BKS:$13.28,00$0.54,004.24%) defended a "poison pill" plan adopted by the largest U.S. bookseller that blocked billionaire investor Ron Burkle from amassing large amounts of stock.
    14. China Internet search page. U.S.-listed shares of rival Baidu Inc (BIDU:$71.20,00$-1.23,00-1.70%) fell 1.7 percent to $71.20.
      • This next week BIDU should be a great long and get some of its loss back.
    15. The board of Delek Group decided to raise its holding in Noble Energy (NBL:$65.71,00$-0.70,00-1.05%) by up to 1 percent of Noble's share capital in an investment that will not exceed $140 million.
    16. Private equity firm Blackstone Group (BX:$10.50,00$0.33,003.24%) is to manage some of Bank of America's Asian real estate assets, a source familiar with the situation said, confirming an earlier report in the Financial Times.
    17. Staples, Inc. (SPLS:$19.67,00$0.27,001.39%). Reaches More Than 92 Percent in Its Offer for Corporate Express Australia and Has Declared Its Takeover Offer Unconditional.
    18. Dearborn Bancorp (DEAR:$2.6499,$0.4499,20.45%) is up 13.2%, or 29c, to $2.49
    19. Nanometrics (NANO:$9.71,00$1.02,0011.74%) signaled a potential long entry point for early Friday at 8.94 up to 9.00, even up to 9.10.
    20. Orient Paper, Inc (ONP:$6.9500,$0.3001,4.51%) 
    21. MOP Environmental Solutions (MOPN:$0.1780,$-0.0220,-11.00%)
    MONDAY, July 12
    • Extended-Hours Earnings: AA, VOXX, CSX, NVLS, SHAW.
    • Economic Data: None.
    TUESDAY, July 13
    • Market-Hours Earnings: AA, VOXX, OZRK, CSX, SHAW.
    • Extended-Hours Earnings: AIR, FAST, HITK, INFY, INTC, NG, OPTT, YUM.
    • Economic Data: 8:30 a.m. Trade Balance; 2 p.m. Treasury Budget.
    WEDNESDAY, July 14
    • Extended-Hours Earnings: ACGY, ADX, ADTN, ASML (ASML:$30.31,00$0.26,000.87%) , IGTE, JTX, LSTR, MAR, PPHM, TXI, UFPI.
    • Economic Data: 8:30 a.m. Retail Sales; Import/Export Prices; 10 a.m. Business Inventories; 10:30 a.m. Crude Inventories; 2 p.m. Minutes of FOMC Meeting.
    THURSDAY, July 15
    • Extended-Hours Earnings: AMD, ALNC, ANGO, CBST, FCS, GOOG, JPM, KED, MSW, NXY, NVS, PBCT, PPG, VMI, GWW, WWW.
    • Economic Data: 8:30 a.m. Initial Claims; PPI; NY Fed - Empire Manufacturing Index; 9:15 am. Industrial Production; Capacity Utilization; 10 a.m. Philadelphia Fed.
    FRIDAY, July 16
    • Extended Hours Earnings: BAC, C, KRY, FHN, GCI, GE, GPC, KNL, MAT, PBR, COL, WBS, WCBO.
    • Economic Data: 8:30 a.m. CPI; 9 a.m. Net Long-Term TIC Flows; 9:55 a.m. Michigan Sentiment