Investing

The Unusual Suspects for the Week Ahead (ATVI, TTWO, AMZN, GMCR, FNF, FAF, GERN, GYMB, JPM, MON, NBG, NFLX, SDTH, SIRI, TSLA, UAL, UTX, WDR)

Shengdatech, Inc. (NASDAQ: SDTH) saw shares drop as much as 7% after its CFO resigned on Friday after the closing bell.  The company noted that Andrew Chen had no disagreements with Shengda and the chemical products company has already hired a search firm to find a replacement and it has named Chief Operating Officer Anhui Guo as the acting CFO until a replacement is found.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) raised its guidance again.  On Friday it gained more than 3% to $1.24 and it ended last week up 5%.  The more important issue here is that the $1.25 prints from early May is the 52-week high, so any additional gains would mark 52-week highs and take the stock back to where it was in September-2008 before the meltdown started.

Tesla Motors, Inc. (NASDAQ: TSLA) gets to join others in bad PR over RECALLS.  The company waited until Friday night to announce that it was launching a voluntary safety recall on Roadster models 2.0 and 2.5.  The company said that the 12v low voltage auxiliary cable from a redundant back up system for headlamps, taillights, turn signals and hazard lights, and airbags in the unlikely event the primary 12V power fails or drops below a minimum threshold value.  This is voluntary and not a game-changer and it is probably expected that a new technology for a new model might have issues here and there, but at $20.60 and a post-IPO range of $14.98 to $30.42 that this could add some weakness.

United Continental Holdings, Inc. (NYSE: UAL) began trading now as the unified result of the Continental-United merger.    The $24.70 price was given a surviving 52-week range of $6.23 to $25.45.  We gave a long synopsis of the airline sector on Friday showing how the fleets and operations compare to the rest of the airline sector.

United Technologies Corporation (NYSE: UTX) was given the Barron’s cover story this weekend title The Quiet Giant where it said that United “has a lower profile than some other industrial titans, but its prospects look decidedly bright” and said its portfolio is better balanced than many conglomerates and an $88.00 target was mentioned from Jefferies.  After a $71.13 close on Friday and a 52-week range of $59.31, we’d look for up to a $1.00 higher open in a market-neutral stance on Monday.

Waddell & Reed Financial Inc. (NYSE: WDR) rose 0.7% to $27.55 after the flash crash report tied an algorithm trade from the firm pushed through by the firm of about $4.1 billion in the futures market was the flash point  of the flash crash.  The company has denied ill intent and wrongdoing, but the public backlash here could lead to more pressure against the firm.  The 52-week trading range is $21.52 to $39.24.

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JON C. OGG

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