It's Wednesday May 24, 2006, and investors continue to be shaky as fears of a potential interest rate hike continue to loom. So there are companies that are being oversold not just by institutions but also by the average Joe and that could be a good thing for certain investors as it will present buying opportunities in those oversold companies. But we must stress that due diligence must be done to assure that nothing fundamentally has changed with the companies that investors are eyeing, so do your homework..
Crude oil continues on its rollercoaster ride as the speculation of the much anticipated government report from the U.S. Department of Energy that is coming out today is on the minds of traders. The report is expected to show that U.S. gasoline supplies rose for a fourth week as refiners increased output to meet summer demand.
The U.S. Department of Energy may report that gasoline stockpiles grew by 1.3 million barrels last week. Oil did go higher yesterday as we are entering into the hurricane season, so the worry of supplies being disrupted is always a concern this time of year.
The NAMC Newswire's "Wall Street to Main Street" segment in its entirety is only available to subscribers. Don't 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 http://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 give our listeners/readers a voice, so we are going to try something new on "Wall Street to Main Street". We want to hear from you but not only to ask questions but also to make comments about various companies. We are going to give our listeners/readers a voice on "Wall Street to Main Street" by including their brief outlook on the companies that they may own or follow. This is only extended to those that are subscribers to "Wall Street to Main Street", so you need to register in order to participate, it's FREE. All that you need to do is either shoot us out an email using our contact form on our website at http://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 or comment 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. http://www.streetiq.com and is also available on iTunes.
Movers and Shakers
Some major movers in yesterday trading session include Titanium Metals (NYSE: TIE) which continues to power up as it traded up $3.16 to close at $35.68, China Petroleum (NYSE: SNP) traded up $5.04 to close at $62.69, Greater China Fund (NYSE: GCH) traded up $1.29 to close at $18.93, Fargo Electronics (NASDAQ: FRGO) traded up $8.48 to close at $24.71, Maxco (NASDAQ: MAXC) traded up $1.53 to close at $9.33, Pacific Ethanol (NASDAQ: PEIX) traded up $4.32 to close at $29.89, MGP Ingredients (NASDAQ: MGPI) traded up $3.23 to close at $29.10, and U.S Global Investors (NASDAQ: GROW) which traded up $2.35 to close at $21.40.
Downers
Due to market conditions we found it necessary to make our readers/listeners aware of companies that have been taking a little spanking, some of these stocks may be at a discount but you need to do your research, look at the charts and make sure that nothing fundamentally has changed with the company and whether it is just being dragged by the market or not. There are companies that are actually a slave to the Dow and present buying opportunities.
Stocks metioned today on Wall Street to Main Street are Some New York & Co (NYSE: NWY), Perdigao (NYSE: PDA), Amrep Corp (NYSE: AXR), Trident Microsystems (NASDAQ: TRID), Optimumbank Holdings (NASDAQ: OPHC), Taleo Corp (NASDAQ: TLEO), Palm, In (NASDAQ: PALM) , and QuickSilver (NYSE: ZQK).
Analyst Upgrades/Downgrades
Recent Analyst upgrades include Illumina (NASDAQ: ILMN) which was upgraded to a Buy from a Neutral by Pacific Growth Equities, Seattle Genetics (NASDAQ: SGEN) was upgraded to a Buy from a Neutral by Banc of America, Vertex Pharmaceuticals (NASDAQ: VRTX) was upgraded to a Neutral from a Sell by Banc of America and Applied Industrial (NYSE: AIT) was upgraded to a Buy from a Neutral by Sidoti & Co.
Recent Analyst downgrades include Gray Television (NYSE: GTN) which was downgraded to a Market Perform from an Outperform by Barrington Research, Palm, Inc (NASDAQ: PALM) was downgraded to an Underperform from a Peer Perform by Bear Stearns, Jameson Inns (NASDAQ JAMS) was downgraded to a Market Perform from a Market Outperform by JMP Securities and KLA-Tencor (NASDAQ: KLAC) was downgraded to a Hold from a Buy by AG Edwards, this comes on the heels of the ongoing stock options probe.
Tid Bits
Companies mentioned today in Wall Street to Main Street are Citigroup (NYSE: C), MasterCard Inc (NYSE: MA) , Kohlberg, Kravis and Roberts, Apollo Management, Blackstone Group, Texas Pacific Group, Vonage (NYSE: VG), Deutsche Bank (NYSE:DB) Securities, UBS Investment Bank, Bear Stearns (NYSE:BSC), Dell (NASDAQ: DELL), Radio Shack (NYSE: RSH), Apple Computer (NASDAQ: AAPL), Nike (NYSE: NKE), Euronext, NYSE Group (NYSE: NYX), Deutsche Boerse,
FURIOUS FIVE
This is the Third of our "Furious Five" companies that we see excelling in their industry in 2006. Today we are featuring First Marblehead Corp (NYSE: FMD) it trades on the New York Stock Exchange under the symbol FMD. We will run our feature as a special segment of the Investors Corner later today.
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 http://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, it's 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 http://www.namcnewswire.com and you can listen to the NAMC Radio for the audio version of "Wall Street to Main Street" at http://www.namcnewswire.com/namcradio
To register to receive the Wall Street to Main Street Free Daily Newsletter Click Here or go to our site and click on the Newsletter section. http://www.namcnewswire.com/newsletter
CEO's that want to contact us can do so by going to http://www.namcnewswire.com or call us at 888-463-9237.
Louis Victor
NAMC Newswire
888-463-9237
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.
Louis Victor is the host of the syndicated radio show and financial newsletter "Wall Street to Main Street" which is featured on the NAMC Newswire Radio. He has been involved in the financial industry for over two decades, on the retail and investment banking ends. He is also well versed in the advertising and marketing industries, which has given him insight into market trends and unqiue companies that may be under the radar.
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment