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It is Monday April 24, 2006, and the earnings parade continues however that’s not the headline information for merchants. The scenario in Iran and the rising tensions have compelled crude oil to hit all time highs buying and selling over $75 a barrel on its approach to $80, now this rise relies on the stress remaining in Iran and Nigeria, which doesn’t present indicators of letting up anytime quickly, so $80 is sensible. On the metals entrance Gold traded over $635 on Friday making its approach to $800, Silver is not any slouch because it has traded as excessive as $13 on Friday making its approach to $18 probably $20, excessive grade Copper traded as excessive as $314 whereas Platinum went as excessive as $1140. One steel that I have never talked about but I’ll tackle this week together with a couple of concepts of firms that stand to profit.
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Political Entrance
China’ s President Hu Jintao continues his world tour as he has departed from america and heads to Saudi Arabia. That is a part of each China’s need to be a worldwide participant and the world’s concern about oil.
To keep away from additional bloodshed, Nepal’s King has agreed to eliminate the one-man rule, it will appease each the protesters and world leaders.
America is now placing strain on Russia to cease promoting weapons to Iran till Tehran ceases their nuclear developments. This may add to the mounting stress and assist crude oil commerce increased because it appears to be like on the $80 a barrel mark.
Now in Italy, Romano Prodi obtained his closing congratulations name after getting the phrase from the courts that he was certainly victorious, the decision got here from President Bush. At this level Prime Minister Silvio Berlusconi has but to concede, possibly he’ll make Prodi a proposal that he cannot refuse.
Movers and Shakers
Some main movers in Friday’s buying and selling session embrace Titanium Metals (NYSE: TIE) which traded up $6.72 to shut at $63.96, First Republic Financial institution of San Fran (NYSE: FRC) which traded up $3.95 to shut at $43.46, Pilgrims Delight (NYSE: PPC) which traded up $2.13 to shut at $23.49.
Petroleum Geo Providers (NYSE: PGS) made nearly a ten p.c bump up, it traded up $5.14 to shut at $56.90 however keep in mind that this was on very gentle quantity, that is an instance of a thinly traded safety that may transfer up quickly on little quantity. Different firms embrace MRO Software program (NASDAQ: MROI) which traded up near 30 p.c, it traded up $4.47 to shut at $20.68, TravelZoo (NASDAQ: TZOO) had one other roaring up day because it traded up $7.66 to shut at $44.35, now TravelZoo on April 17, 2006 was buying and selling within the $20 vary and a brief squeeze occurred as a result of as soon as they introduced their earnings the inventory shot up, so the approaching weeks ought to be attention-grabbing for TZOO because the shorts could search for the inventory to peak shortly. Housevalues (NASDAQ: SOLD) traded up nearly 20 p.c because it went up $1.45 to shut at $9.45 on Friday.
Analyst Upgrades/Downgrades
Now three firms that we’ve got featured on Wall Avenue to Predominant Avenue have simply obtained analyst protection from Lehman Brothers (NYSE: LEH), a inventory by the way in which that ought to be within the $190 to $200 as mergers and acquisitions proceed to rise, now again to the businesses that they initiated protection for, they embrace:
Weight Watchers (NYSE: WTW) they initiated it as Equal Weight, Herballife (NYSE: HLF) they initiated it as Chubby, Nutri Methods (NASDAQ: NTRI) they initiated it as Overwieght and Life Time Health (NYSE: LTM) they initiated it as Chubby. I believed it a pun was supposed with the Chubby standing for weight-reduction plan and train firms.
With crude oil on the transfer A.G. Edwards bumped up their goal value on a couple of firms. They raised Occidental Petroleum (NYSE: OXY) to $118 from $100, we stated that it might break their 52-week excessive not too long ago and it did, $118 is attainable, however do not get grasping, take some off the highest should you begin to see some weak point. Exxon Mobil (NYSE: XOM) was raised from $69 to $72, Marathon Oil (NYSE: MRO) was raised from $79 to $96 and BP PLC (NYSE: BP) was raised from $78 to 88.
CIBC World Markets upgraded Worldwide Recreation Know-how (NYSE: IGT) from a Sector Underperformer to a Sector Performer. Now IGT had a pleasant run and pulled again briefly and will current a chance because it creates a brand new buying and selling vary. That’s some meals for thought.
FURIOUS FIVE
That is the primary of our “Livid 5” firms that we see excelling of their business in 2006. Our first addition to this week’s Livid 5 is Neoware, Inc (NASDAQ: NWRE) it trades on the Nasdaq underneath the image NWRE. Included on this version of Wall Avenue to Predominant Avenue is the enterprise of the corporate and our outlook for the corporate, that is accessible to subscribers solely..
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Wall Avenue Nook with Larry Oakley
Northgate Minerals Corp. (AMEX: NXG)
Due to my opinion that the value of gold will attain & exceed $1000/ounce, I’m investigating plenty of gold conditions. Northgate Minerals Corp is one in all them.
On the shut Friday 4/21/2006, NXG was buying and selling at $3.63, up $0.23 from Thursday. In after-hours buying and selling Friday, it rose to $3.65. Its 52-week vary is $0.92 – $3.72, & its common quantity during the last three months was 2.795 million shares. Within the Q ended 12/31/2005, its web earnings was $30,965,000 on whole income of $257,153,000.
Additionally included in Larry Oakley;s commentary are different statistics and his outlook for the corporate.
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We can not stress sufficient that buyers must do their due diligence, name the businesses, get the knowledge, seek the advice of along with your funding advisor and should you do not need one take into account getting one. Put the identical time into investigating these firms as you do whenever you go to buy a brand new tv, it is solely to your safety. Relating to thinly traded securities stagger your orders or put a restrict order in to keep away from a run up.
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Louis Victor
NAMC Newswire
888-463-9237
Disclaimer:
Not one of the data contained on the NAMC Newswire constitutes a suggestion by the NAMC Newswire, its journalist, nor its dad or mum firm that any specific safety, portfolio of securities, transaction, or funding technique is appropriate for any particular buyers or individual. Every particular person investor should make their very own unbiased selections concerning any safety, portfolio of securities, transaction, or funding technique featured on the NAMC Newswire or NAMC Radio Any previous outcomes should not essentially indicative of future efficiency. The NAMC Newswire, its journalist nor its dad or mum firm doesn’t assure any particular end result or revenue, and all buyers ought to concentrate on the true danger of loss in following any technique or investments featured on the NAMC Newswire or the NAMC Radio. The technique or investments mentioned could fluctuate in value or worth and buyers could get again lower than you invested. Earlier than appearing on any data featured on the NAMC Newswire web site or the NAMC Radio phase, buyers ought to take into account whether or not it’s appropriate for his or her specific circumstances and strongly take into account in search of recommendation from their very own monetary or funding adviser. Traders are additionally urged to do their very own due diligence earlier than investing in any safety.
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Source by Louis Victor