Energy Business

The Coming Week's Must-See Stock Events (AAPL, T, VZ, BRK-A, BIG, BGP, CSCO, DVN, DISH, HRL, FLWS, UNTD, JDSU, JPM, EGPT, NYX, HAWK, SIRI)

Borders Group Inc. (NYSE: BGP) was down 32% Friday and the reports are leaning toward a bankruptcy filing as soon as this coming week.  A bankruptcy will almost certainly hand the company over to creditors and debtholders with common shareholders getting the shaft.

Cisco Systems, Inc. (NASDAQ: CSCO) hit a new 52-week low of $18.61 on Friday after its second earnings dud in a row.  Investors want more from the company and John Chambers is becoming inept in explaining his dividend plans.  With gross margins so high and with the countless billions spend on share buybacks having yielded ZERO for shareholders, investors need to show up with pitchforks and hatchets to demand that the dividend launch kicks off.  Chambers just doesn’t get it now, even if he is still a great CEO who knows how to buy and integrate businesses while micromanaging every salesperson’s results.  Stocks which hit 52-week lows tend to keep hitting 52-week lows.

Devon Energy Corporation (NYSE: DVN) was featured in Barron’s this weekend in a article “A Champ Among Drillers” with great upside based upon low oil costs for its vast reserves, share buybacks, and more.  The Barron’s outlook is for $100 or higher in Devon shares over the next year, but the average analyst target from Thomson Reuters is $90.61 versus a $86.44 close on Friday.

Dish Network Corporation (NASDAQ: DISH) rallied sharply on a research call from Credit Suisse calling for AT&T Inc. (NYSE: T) to buy the company.  Be advised, these ‘rumors’ are not the first time around at all.

Hormel Foods Corp. (NYSE: HRL) has its upcoming 2-for-1 stock split after the close on Monday.  At $51.30, its 52-week range is $38.76 to $52.27.

1-800-Flowers.com Inc. (NASDAQ: FLWS) has hardly budged ahead of Valentine’s Day. At $2.83 on Friday, its close a week before was $ 2.76 and its 52-week trading range is $1.52 to $3.66.  United Online, Inc. (NASDAQ: UNTD) also owns the more widely used FTD for flowers and gifts and its shares did not budge at all this week.  If Valentine’s Day doesn’t help, what will?

JDS Uniphase Corporation (NASDAQ: JDSU) hosts its Analyst Day 2011 on Thursday after the close.  After an 11.5% gain on Friday to $28.16, this was under $23.00 as recently as just last Tuesday and was under $18 back just on February 3.  How the tide changes.

J.P. Morgan Chase & Co. (NYSE: JPM) has its investor day this coming Tuesday.  The big question… Is the bank going to finally be able to reinstate its dividend?  This is one of the biggest dividend stories of 2011.

Market Vectors Egypt Index ETF (NYSE: EGPT) is going to have a wild move now that Egypt’s stock exchange is reopening (maybe Wednesday rather than Sunday).  This ETF has been trading like a closed-end fund whose underlying index it tracks has been without any trading for over two weeks.  Beware the thin volume, wide spreads, and the lack of new creation baskets.  Shares closed at $16.22 on Friday Jan. 28 and shares closed this last Friday at $18.60 on the highest volume since the crisis started.

NYSE Euronext, Inc. (NYSE: NYX) is about to get a lot of heat this coming week for its proposed Deutsche Bourse merger.  It seems that many Americans do not want the leading stock exchange in the world under a German flag.  The exchange members are going to be for it because the transaction drives the value of their shares higher.  Regulators are expected to offer much scrutiny here.

Seahawk Drilling, Inc. (NASDAQ: HAWK) lost roughly half of its value on Friday after saying it will file for bankruptcy protection and sell its rigs to Hercules.  The company had a mere $4 million market cap at the close, but shares were effectively cut in half in Friday’s after-hours session.  Shares were down 49% at $4.00 on over 68,000 after-hours session. Seahawk is now Seachicken.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) hit a year high of $1.85 on Friday and will be one to watch this coming week and beyond.  w that shares have run up so much.  Its closest competing interest outside of terrestrial radio is Pandora Radio, and Pandora just filed to come public via an IPO.

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JON C. OGG

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