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Index › Investment & Finance › Investment Advice
 

Wall Street to Main Street: News, Views and Commentary: May 5, 2006

 

Author: Louis Victor

Its Friday May 5, 2006, and its the last day of the trading week for the first week of May, and the DOW is headed into record territory as it looks to hit an all time high.

Congratulations to those Wall Street to Main Street subscribers that emailed us to let us know that they took positions in OmniVision Technologies (NASDAQ: OVTI) last week and Crocs, Inc (NASDAQ: CROX) yesterday after we issued our outlook on the companies. For a listing of our Furious Five picks go to www.namcnewswire.com, to get them sent to you daily just subscribe to Wall Street to Main Street, it's FREE.

The NAMC Newswires Wall Street to Main Street segment in its entirety is only available to subscribers. Dont miss out and Keep in mind that all subscriptions are free and will remain that way. All that you need to do is go to www.namcnewswire.com and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with any third parties.

We want to hear from our readers/listeners, so drop us a line, maybe you have a question about a certain company or perhaps you want to introduce us to a company that we should know about.. All that you need to do is either shoot us out an email using our contact form on our website at www.namcnewswire.com or give us a call toll free at 888-463-9237 between the hours of 6:30pm and 12am EST weekdays. Your question could be a part of the Wall Street to Main Street radio show that is syndicated daily.

Remember that you can always listen to the NAMC Radio on Streetiq.com, the leader in financial podcast. www.streetiq.com and is also available on iTunes.

Political Front

In Nepal, it looks like the Maoist Rebels wouldnt take no for an answer as they will indeed be involved in the peace talks with the government.

As we spoke about yesterday, China went against the Vatican and the Pope as they appointed two new Bishops, but the Vatican didnt like that too much and swiftly excommunicated those Bishops.

U.S. Vice President Dick Cheney made some strong remarks yesterday against Russia claiming that they used energy as a form of Black Mail. Yep, just what we needed more fuel on the fire.

Movers and Shakers

Some major movers in yesterdays trading session included Catalina Marketing (NYSE: POS) which traded up $3.95 to close at $29.08, Petroleum Geo-Service (NYSE: PGS) traded up $8.65 to close at $68.50, HerbaLife LTD (NYSE: HLF) traded up $3.64 to close at $37.77, Kadant Inc (NYSE: KAI) traded up $2.33 to close at $26.04, Ariad Pharmaceuticals (NASDAQ: ARIA) which traded up $1.45 to close at $6.99 based on a multi million dollar legal settlement, Imergent Inc (AMEX: IIG) traded up $3.29 to close at $15.55, Applied Films (NASDAQ: AFCO) which traded up $5.06 to close at $28.03 and Expeditors International (NASDAQ: EXPD) which traded up $16.04 to close at $103.80.

Analyst Upgrades/Downgrades

Recent Analyst upgrades include Janus Cap Group (NYSE: JNS) which was upgraded to a Neutral from Reduce by UBS, Barr Laboratories (NYSE: BRL) which was upgraded to a Overweight from a Neutral by JP Morgan, Central Garden (NASDAQ: CENT) which was upgraded to a Sector Outperformer from a Sector Perform by CIBC World Markets and Green Mountain Coffee (NASDAQ: GMCR) which was upgraded to a Buy from a Neutral by Janney, Montgomery, Scott.

Recent Analyst downgrades include Analog Devices (NYSE: ADI) which was downgraded to a Neutral from a Buy by Merrill Lynch and Oneok Inc (NYSE: OKE) which was downgraded to an Equal Weight from an Overweight.

Analyst Coverage Initiations include MGP Ingredients (NASDAQ: MGPI) which was initiated with a Neutral rating and a $31 price target by Sidoti & Co, Roper Industries (NYSE: ROP) was initiated with a Buy rating and a $56 price target by AG Edwards and Pra International (NASDAQ: PRAI) which was initiated with an Equal Weight rating and a $26 price target by Lehman Brothers.

Tid Bits

In a story that was unleashed by The Wall Street Journal, it looks like the U.S. Attorney's Office for the Eastern District of New York has issued subpoenas to Comverse Technology (NASDAQ: CMVT) in regards to the issuance of stock option grants from 1995 to 2006. So this becomes a criminal investigation as some of the top dogs at Comverse have recently resigned but the investigation will put them right back into the thick of things.

Warren Buffet may have his sights set on a new acquisition; Berkshire Hathaway (NYSE: BRKA: BRKB) may announce this at the companys annual meeting, two companies that are mentioned to be the potential targets include the San Francisco utility PG&E (NYSE: PCG) and Los Angeles automotive insurer Mercury General (NYSE: MCY).

The bid for $51 a share bid for Aztar (NYSE: AZR) by Pinnacle Entertainment (NYSE: PNK) expired yesterday, as Aztar gave no response to the offer. Is that in the best interest of the shareholders?, sometimes holding out for a better offer doesnt work out as companies plan, so well see what the outcome will be shortly.

Toll Brothers (NYSE: TOL) missed the mark and paid the price as they announced a 29% decline in signed contracts during the second quarter ended April 30. The company is in the business of building luxury homes and the real estate market seems to be softening a bit, so there is one of your reasons. But the stock may have some life and bounce off of its 52 week low of $28.70.

Eastman Kodak (NYSE: EK) may be considering the sale of its health-imaging business after reporting a $298 million loss in the first quarter; this is the 6th straight quarterly loss. So EK may be looking to reinvent itself to compete in the digital age.

FURIOUS FIVE

This is the fifth of our Furious Five companies that we see excelling in their industry in 2006. The fifth addition to round off this weeks Furious Five is True Religion Apparel (NASDAQ: TRLG) it trades on the Nasdaq under the symbol TRLG.

For our outlook, and other vital information on the companies that we feature as the "FURIOUS FIVE" on Wall Street to Main Street just subscribe for FREE at www.namcnewswire.com

We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, its only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.

NAMC Newswire Note

Go to the NAMC Newswire for updates at www.namcnewswire.com and you can listen to the NAMC Radio for the audio version of Wall Street to Main Street at www.namcnewswire.com/namcradio

Disclaimer: None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.

All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made.

Author Bio:
Louis Victor is a champion in this field. Louis has written several articles in the past on this topic.
You can also reach this article by using: Wall Street to Main Street: News, Views and Commentary: May 5, 2006, Investment & Finance
 
 
 

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