Investing

The Unusual Suspects for the Week Ahead (ABT, ADBE, AAPL, ALTH, BBY, LNG, CQP, CSCO, SOLR, INTU, KV-A, NBG, NFLX, ORCL, RIMM, SKX, VMW, XRX, ID, CASY)

GT Solar International, Inc. (NASDAQ: SOLR) was hit rather hard for its secondary offering of 11 million shares at $7.39.  Shares closed down 17% for the week at $7.28, and that seems too much of a drop from a secondary offering of this size versus a $1.1 billion market cap even if all of the shares sold were sold by its largest holder rather than by the company.  Its 52-week range is $4.51 to $8.80.

Intuit Inc. (NASDAQ: INTU) was given a very positive write-up in Barron’s over the weekend, although the praise actually seemed late.  At $43.47, its 52-week range is $27.20 to $45.10.  Barron’s noted that its small business offerings and TurboTax and Quicken and web-based services make it perfectly positioned ahead.  We’d look for a 2% or higher pop in a market-neutral scenario.

KV Pharmaceutical Co. (NYSE: KV-A) had a monster rise of almost 74% to $2.87 on Friday and its 52-week range is $0.61 to $5.36.  KV received FDA approval to return its first product to market a quarter ahead of plan after no sales for some time.  This used to be a $20+ stock.

National Bank of Greece SA (NYSE: NBG) needs to be continually watched as this last week’s news flow brought up concerns that it would raise up to 2.8 billion Euros in new capital and that it would possibly spin off 20% of its Finansbank in Turkey that was instrumental in its recent earnings report being as strong as it was.  The ADRs fell from $2.79 to $2.36 for a drop of 15% in the last week.

Netflix Inc. (NASDAQ: NFLX) is again the #1 stock of the IBD 100 from the weekend, followed by ARUN, PCLN, JKS, PPO, and BIDU.  Netflix on the IBD 100 is becoming the Department of Redundancy Department.  Shareholders have to be expecting a share split at some point very soon.

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