Investing

This Week's Top 10 Issues For Next Week

The week ended on a really sour note after the DJIA broke under that 12,000 mark and then proceeded to close under 11,900.  Here is a list of ten key individual issues we think traders will want to know to take into next week.

The oil patch just keeps going.  With Israel threatening to bomb Iran and conducting exercises, what do you expect?  Over in the oil patch, you had T. Boone Pickens trying to tell Congress that oil speculators aren’t driving oil prices and that more regulation is a waste of time.  Many oil companies are feeling pain from their oil hedges.  Goldman Sachs lifted many names in the patch and lifted its oil targets.  A weird options trade went off in SandRidge Energy (NYSE: SD), one thatwas odd enough to make you think something is brewing there.

Alternative Energy… Solar tax credits may have been canceledbut there is still good news.  A huge win came this week over atEvergreen Solar Inc. (NASDAQ: ESLR) after the company announced two neworders totaling $600 million and putting the backlog up huge. We saw very unusual volume in A-Power Energy Generation Systems (NASDAQ: APWR).

52-WEEK LOWS GALORE…. Friday’s 52-week low stocks was a huge list with more than 400 hitting intraday lows on that 52-week list. (WTR, BMY, CELL, DDS, EK, EXPE, GCI, GE, HST, NOK, PFE, Q, VLO, WY, WGO)
Thurday’s 52-Week Lows
Wednesday’s 52-Week Lows

Next week we have a Mini Tech Earnings Season for ORCL, RHT, RIMM, MU, & PALM

Are you as tired of Microsoft-Yahoo! as we are?  Yahoo! Inc. (NASDAQ: YHOO) is considering a huge reorganization while Microsoft Corp. (NASDAQ: MSFT) said it isn’t shopping for other web players.

IPO’s may be in trouble
.  We saw two crummy performances this week.

Short sellers are targeting financials (C, LEH, AIG, WB, WM, ABK, JPM)

Satellite radio troubles brewing? Sirius & XM were both killed on a downgrade at Goldman Sachs.

Rumors persist….. Advanced Micro Devices Inc. (NYSE: AMD) is said to be considering a $1 Billion cash infusion.

Trouble in electronics land?  If you saw the earnings report and the important verbiage out of Philip Schoonover this week, you’d think Circuit City (NYSE: CC) thinks it should go it alone.  Best Buy (NYSE: BBY) beat earnings projections and gave strong guidance for a weak economy, yet shares slid.

Have a great weekend!
-The 247WallSt.com team

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