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Tekelec (NASDAQ: TKLC) just took a “PR Boost” after Jim Cramer named this stock as a speculative technology stock winner for this week on CNBC’s MAD MONEY. He said this was his first of five picks in speculative technology picks that he thinks can continue running higher with the stock market.
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Daily Archives: May 4, 2009
Cramer’s Speculative Tech Pick 1: Tekelec (TKLC)
ASM Scores Intel Investment (ASMI, INTC)
ASM International NV (NASDAQ: ASMI) has just secured an investment from Intel Corp. (NASDAQ: INTC) via Intel Capital. The investment is listed as a 4% stake of the company’s total common share capital based on 54 million shares outstanding.
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Is Carbon Trading or Cap and Trade Dying On The Vine? (ICE, CME, NDAQ, BRK-A)
One of the Obama proposals to fight global warming and climate change may be up against the ropes. This is emissions trading, or what the media calls “cap and trade.” There are many who consider this type of emissions trading to be the Holy Grail, and there are many who claim it does nothing other than create a business expense or hidden tax. It could represent a huge new market for the IntercontinentalExchange, Inc. (NYSE: ICE) and the CME Group Inc. (NYSE: CME), as well as Climate Exchange plc (OTC-CXCHF) as the owner of the Chicago Climate Exchange. Climate Exchange plc (LSE: CLE.L) is an AIM listed company which owns the world’s leading environmental exchanges.
We think that it is probably too early to call “cap & trade” a dead idea. But what is looking more likely is that at best what will be headed to a Congressional vote is a greatly watered-down version of cap & trade. If a watered-down version does not come first, then we have many reasons to believe that this may be an issue to debate in 2011 rather than 2009.
The End of Personal Finance
Decades of advice turn out to be so much garbage.
By Helaine Olen of The Big Money
Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of our subjects asked if he should be plowing his more than $50,000 in savings into gold. It was 1997 and gold was trading at a little more than $300 an ounce. The financial planner assisting with the piece laughed dismissively, and the question never made it into the final write-up. Well, my bad. As I write, gold is hovering around $900 an ounce.
For more than two decades, as income inequality increased and job security decreased, Americans lapped up personal finance columns, books, and television shows. We thrilled to stock tips and swooned at sensible strategies for using dollar-cost averaging to invest in no-load index funds. Buy and hold, my friends! The annualized gain for the S&P 500 stock index over time is more than 10 percent! You, too, can turn into the millionaire next door. Carpe diem, folks! Seize the financial day!
How DryShips (DRYS) Became The Next Sirius XM (SIRI)
Sirius and XM Satellite Radio were among the great cult stocks of the last decade. They were heavily traded and volatile. Investors expected their business to be the most important development in consumer electronics in years. By the time they had fought the government for over a year to complete a merger, the new company, Sirius XM (SIRI), was nearly dead. Sirius had gone from over $60 in 2000 to $.05. The company is nearly forgotten.
The firm that has taken the place of Sirius among market gamblers is DryShips (DRYS), the Athens-based shipping company. A year ago, the stock traded at $116.43. Recently, it dropped to $2.72. Over 35 million shares in Dryships trade in an average day. Read More
SolarWinds Closer to IPO (SWI)
SolarWinds, Inc. has been on the potential IPO docket for more than a year now. It looks like it is now going to be closer to fruition. Keep in mind that this Bain-backed company is different than what its name might lead you to believe. This one will trade under the proposed ticker of “SWI” on the New York Stock Exchange.
Pending Home Sales Show Great Comfort (XHB)
If you are an investor or a buyer in the market for a new home or if you are a homebuilder, there may be some good news after waves and waves of bad news and then “less-bad news.” The National Association of Realtors said that pending home sales have risen with many new first-time homebuyers taking advantage of the affordability of housing. Pending Home Sales rose by 3.2% in March, 2009 to 84.6. This compares to 82.0 in February and 83.7 in March, 2008. This has the SPDR S&P Homebuilders (NYSE: XHB) screaming on the news.
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Capstone Takes On More Dilution (CPST)
Capstone Turbine Corporation (NASDAQ:CPST) has agreed to sell 14.45 million units comprised of one share of common stock and one warrant to purchase an additional 0.75 of a share of common stock. The company expects to realize about $11.2 million in net proceeds from the offering.
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Canadian Solar Adds In Korea (CSIQ)
PV solar maker Canadian Solar Inc. (NASDAQ:CSIQ) has completed a new sales agreement with a Korean integrator calling for delivery of an additional 5 megawatts in 2009. The deal adds to the 3 megawatts Canadian Solar has already delivered to Korea’s Topinfrasolar so far this year.
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Another Utility Misses Estimates (ETR, D, AEP, CHK)
Entergy Corporation (NYSE:ETR) joined the ranks of electricity generators that haven’t been able to reach consensus estimates for the first quarter of 2009.The company’s results resemble the earlier reports from Dominion Resources, Inc. (NYSE:D) and American Electric Power Co. Inc. (NYSE:AEP), where lower demand, especially from industrial customers, really hurt sales.
B of A: Raising Capital and Not Raising Capital (BAC)
Is Bank of America Corporation (NYSE: BAC) raising more capital or is it not? It depends upon which news service you believe. The FT reported that the company was seeking to raise as much as $10 billion in new capital. Now we have stories from both Bloomberg and from CNBC that the bank has denied the FT report
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DIRECTV & Liberty Media: Complicating An Enigma (DTV, LINTA, LINTB, LMDIA, LMDIB, LCAPA, LCAPB)
DIRECTV Group, Inc. (NYSE: DTV) has announced that it is going to combine with Liberty Entertainment, Inc., and then the company will be split off from Liberty Media. This supposedly puts the control of DIRECTV in the hands of the shareholders. While Liberty’s structure was complicated before, this “simpler” structure is one which may also leave shareholders scratching their heads.
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Sprint (S): More Marginalized In Cell Service Business Than Ever
Sprint (S) keeps getting smaller and smaller and its two larger competitors Verizon Wireless (VZ)(VOD) and AT&T (T) keep getting larger.
For the most recent quarter, Sprint’s revenue fell 12% to $8.2 billion. The company had a net loss of $594 million which included $327 million in severance. Sprint may need take its costs down ever further. Read More
Top 10 Analyst Upgrades & Downgrades (ADBE, RATE, BWA, MRO, RHT, SEPR, SYMC, SINA)
Monday is starting the week off with a pretty light wave of analyst calls. The top 10 analyst upgrades and downgrades are not even a full 10 calls with more than two hours until the market opens:
Adobe Systems (ADBE) Cut to Hold at Citigroup; Cut to Neutral at UBS.
Bankrate (RATE) Cut to Market Perform at JMP Securities.
BorgWarner Inc. (BWA) Cut to Equal Weight at Barclays.
Marathon Oil (MRO) Cut to Neutral at Credit Suisse.
Red Hat (RHT) Raised to Buy at UBS.
Sepracor (SEPR) Raised to Overweight at JPMorgan.
Symantec (SYMC) Raised to Overweight at Thomas Weisel.
Sina Corp. (SINA) Cut to Perform at Oppenheimer.
JON C. OGG
Citigroup (C) And Bank Of America (BAC) Capital Needs Could Damage Stock Prices
The Financial Times is reporting that Citigroup (C) and Bank of America (BAC) may each need to raise over $10 billion. If that is true, to get money in the capital markets and not from the government, they are going to have to offer shares at well below market.
Citigroup’s share price could be cut in half under those circumstances. Read More
Taxing Offshore Operations A Huge Blow To US Multinationals
The US Treasury needs money to offset growing deficits and the Administration plans to get that capital by whatever means are necessary.
According to The Wall Street Journal, the new proposal “aims to change the legal treatment of offshore subsidiaries and structures that companies have used to avoid not only U.S. taxes, but taxes in other developed countries as well.”
Global companies will have nowhere to hide. Read More
Wal-Mart’s (WMT) Drug Addiction Is Trouble For Rivals
Wal-Mart (WMT) plans a significant expansion of its programs to bring inexpensive prescription drugs to its customers which will almost certainly damage margins as its competitors.
According to The Wall Street Journal, “The discount retailer is offering businesses low-priced drugs if they sign up to buy directly from Wal-Mart’s network of in-store pharmacies, rather than contracting to buy drugs through third parties known as pharmacy-benefit managers.” Read More
China Manufacturing Back In Gear But Is Global Deman Sustainable?
China’s manufacturing sector showed a remarkable rebound in March. The closely followed CLSA China Manufacturing PMI moved to 50.1 from 44.8. The gain is the first in nine months.
The question is whether the gain is, to a large extent, artificial. Read More
Fiat Works To Become The Next GM (GM)
When GM (GM) was by far the largest car company in the world at the beginning of the decade it had vast operations in the US, Europe, Asia, and Latin America. The bulk of its sales, and profits, during that time came from its domestic business and its significant market share in Europe.
GM’s presense in the US and Europe and its reliance on business from those regions is coming back to haunt it as the sales of vehicles moves down 20% to 30% in those parts of the world. That should be a caution to other car companies, but Fiat is ready to ignore the lesson. Read More
The Economies Of Asia Form An Alliance That The West Cannot
The US, UK, and a number of the large countries that make up the EU began to form political and military and alliances after WWII and these expanded as the Soviet Union dissolved. Through the current financial crisis there has been very little coordinated economic policy among these same counties even though some of the economically weaker ones would certainly benefit from a program to shore up the financial health of the region by providing a pool of capital for temporary aid.
Asia is doing what the West cannot do despite political and military divisions among many of them that go back decades. Nations in the region are building a coercive plan to protect the region’s financial stability. Read More
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Today’s top tickerspy Indexes Domestic Telecom ... +2.6% Stem Cell Stocks +2.3% Pain Management S... +2.1% Ethanol and Biofu... +1.9% Savings and Loan ... +1.8% 
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