Miles J. Stoner, @StockHollywood

Dallas, Texas

8.17.2010

Aug 18

Milestone Financial Investments LLC - "Intra-Day Scalping like Geronimo"
  • Nasdaq-100 After-Hours Indicator Up 11.40 at 1,832.91
  • The Russell 2000 index of small-capitalization stocks rose 11.20 points, or 1.82%, to 626.30, its biggest gain since July 26. But for the month, the index is still down 3.78%.
  1. American Petroleum Institute late Tuesday reports a surprise increase in oil and energy products inventories. United States Oil Fund (USO:$33.8700,$0.2600,0.77%) is down 0.3% in after-hours trading. UCO another one, good short for tomorrow. 
  2. U.S. stocks rose on Tuesday after earnings from Wal-Mart (WMT:$51.02) and Home Depot (HD:$28.3100,$0.9300,3.40%) and a $39 billion takeover bid in the agriculture sector bolstered confidence in the corporate outlook.
    • Potash Corp. of Saskatchewan Inc. (POT:$143.1700,$31.0200,27.66%) Tuesday said it rejected an unsolicited buyout offer from Australia's BHP Billiton mining.
      • The offer was for 130/share, company said it would sell just that they don't plan on letting a steal occur.
  3. Medical device company Stryker Corp (SYK:$46.6900,$0.2000,0.43%) is in advanced talks to buy Boston Scientific Corp's (BSX:$5.8000,$0.3300,6.03%) pain-management device unit for about $1.5 billion, Bloomberg reported on Tuesday.
    • SYK could buy that unit for the amount listed above from BSX, if not could be a good short. 
  4. BioMarin Pharmaceutical (BMRN:$20.52,00$0.17,000.84%) is buying ZyStor Therapeutics, Inc. (ZyStor), a privately-held biotechnology company developing enzyme replacement therapies (ERT) for the treatment of lysosomal storage disorders.
    • Could be a good play tomorrow, for a short. 
  5. Information technology provider CACI International (CACI:$40.7500,$0.3900,0.97%) reported a higher quarterly profit on Tuesday on better-than-expected revenue and stood by its full-year forecast, saying it expected demand to continue.
    • Long play on this one, it came down a bit b4 close and could have upside potential.
    • 40.36-41 ah's.
  6. Dillard's Inc. (DDS:$19.4200,$0.0800,0.41%) announced a $250 million stock-buyback effort, becoming the latest to make such a move as cash piles reach record levels.
    • 19.34-20
    • .5%
    • Usually stock buybacks indicate strength and/or extra capital, long.
  7. Photronics (PLAB:$4.38,00$0.32,007.88%) was steady to firmer in evening trading after beating with Q3 sales and earnings.
    • 4.38-4.41, some sell offs at 4.41, which could have more downside potential tomorrow. 
  8. Analog Devices (ADI:$28.8100,$0.4500,1.59%) gained in evening trading after beating with Q3 results.
    • 28.78-29.57
    • 1.7%
  9. Cardica Inc. (CRDC:$1.66,00$0.05,003.11%) shares shot up in after-hours trading after it announced a license agreement with Intuitive Surgical Inc. under which Intuitive has paid Cardica $12 million for a royalty-bearing license and equity investment in approximately 1.25 million shares of common stock.
    • 1.71-2.59
    • 44.6%
  10. Oilsands Quest Inc (BQI:$0.5140,$-0.0078,-1.49%) said it has started exploring strategic alternatives including a potential sale of the company, citing the significant capital required to develop its oil sands assets in Saskatchewan and Alberta.
    • .54-.66
    • 16.7%s
  11. Key Tronic (KTCC:$4.86,00$0.14,002.97%) reports Q4 EPS of $0.22 up from $0.03 per diluted share for the same period of fiscal 2009. Revenue came in at $61.9 million, up from $45.5 million.
    • 4.93-5.3
    • 7%
  12. Hard drive manufacturer Western Digital Corp (WDC:$24.1700,$-0.6100,-2.46%) on Tuesday appointed its chief financial officer to the position of chief operating officer and promoted a vice president to the CFO job.
    • 24.12-24.4
    • .1%
  13. Furniture maker and retailer La-Z-Boy Inc (LZB:$7.5200,$0.3700,5.17%) posted a quarterly loss and said its storm-hit Mexico operations had not yet normalized.
    • 7.53-7
    • -4.1%
    • This could be a magnificent short tomorrow.
  14. Life Technologies Corp (LIFE:$44.95,00$0.84,001.90%) said it would buy privately held Ion Torrent, which has developed a DNA-sequencing system that directly translates chemical signals into digital information, for $375 million in cash and stock, to expand its gene-sequencing portfolio.
    • 10.69-10.08
    • flat
  15. Energy Transfer Partners L.P. (ETP:$47.4100,$-0.1500,-0.32%) commenced a public offering of 8 million common units representing limited partner interests. Net proceeds from the offering will be used to repay amounts outstanding under the company's revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.
    • 48-46.18
    • -2.5%
    • Usually these offerings indicate the need for capital and bring stock prices down, short.
  16. Jack Henry & Associates Inc. (JKHY:$24.47,00$0.39,001.62%) reported Q4 EPS of 35 cents, matching analyst expectations and up from 33 cents a year earlier.
    • 24.56-23.75
    • -3%
Plays and Whichways:
  • CACI - long
  • DDS - long
  • ADI - uptrend/long w/dips from sell offs
  • KTCC - long
  • LZB - short
  • ETP - short
  • JKHY - Reversal/long
Remember these plays can change with the wind of the market.