Stocks to Watch

Energy firms AEI files $863 million IPO in U.S.

AEI, an energy infrastructure assets in emerging markets, filed to raise up to $863 million in a U.S. initial public offering.

AEI plans to list on the NYSE:AEI wITH its headquarters in the Cayman Islands and also operates out of Houston, TX.

Goldman is the Banker. So put it on your screen for next years big winners. I plan to get in the pre IPO this summer. Got to know people at GS.

More than 150 UBS clients reportedly to face U.S. charges
Tax deal could come as soon as Wednesday; more banks identified in probe
The court document, filed Tuesday, offered the first official confirmation of criminal investigations into Americans who used Swiss bank accounts to avoid U.S. taxes, according to a Reuters report, which added that the number of criminal probes is widely expected to rise to 4000 or more soon.

The filing, submitted to a U.S. District Court in Florida, involved a recommendation that UBS whistle-blower Bradley Birkenfeld be given a 2 1/2-year prison sentence instead of the five-year sentence he is eligible to receive, according to The Wall Street Journal.

Former UBS private banker Birkenfeld pleaded guilty last year to helping Americans evade taxes.

Stocks to own

OLVS
INO
SOMX

Stocks to run away from.

Marani Brands MRIB.OB What a shame this one is. If you own it your going to want to do some DD. What a scumbag crew hyping poor unsuspecting investors\

pennystrock picks BEWARE

With good thought comes wealth.

The mind is very powerful.  Negative thought will creat a negative outcome.

Choose your thought carefully .

Thought of the DAY.  INO will take off very soon.

And many will become very wealthy.

A cardiff calif med company is going out of business.   GREAT SHORT.

The Exploding IPODS

Apple and the Exploding phones

Apple is investigating reports that one or more of the company’s iPhones exploded in Europe, a European CommissionEuropean Commission spokeswoman said Tuesday.

The spokeswoman for the EU executive, which oversees the safety of consumer products sold in the 27-country bloc, said Apple had described the reported incidents as isolated.

Apple said it was aware of the media reports, which include a case in which a teenager in France said he was slightly injured when his iPhone made a hissing noise and shattered, but did not comment on any contacts with the commission.

But a spokesman for Apple Europe Ltd. said: “We are aware of these (media) reports and we are waiting to receive the iPhones from the customers. Until we have the full details, we don’t have anything further to add.”

Source Rueters

Shares of INO AMEX will start to move anytime. Look for 2.70 to 3.25

LVS We love it in the 11 range back to 20 by first Q next yr.

To get the Blog report in realtime up to the minute email us at maximuspartners@gmail.com

In the subject title put Morning Report.

Happy Trading

PRE MARKET STOCKS

California Water (CWT) initiated with a Buy at Longbow; tgt $45 (36.97)

Uranium Resources (URRE) Q2 EPS of ($0.04) revs fell 73% YoY to 1.79 mln (no estimates) (1.04)

Investment Tech (ITG) upgraded to Outperform at Wedbush Morgan raised to $27 from (23.48)
the firm raises their FY09 and FY10 EPS estimate to $1.72 and $1.92 from $1.65 and $1.68 (consensus $1.58),

Currently Futures are down. Asian markets closed up.

More nEWS ON ino

Estee Laude (el) raised to $43 as the potential stabilization in Europe could represent a catalyst(37.21)

Futures up in Pre Market

U-Store-It (YSI) upgraded to Outperform at Raymond James

Key Energy upgraded to Market Perform at Raymond James

Gymboree EPS ests and tgt raised to $51 at Wedbush Morgan following solid July sales and gross margin trends Wedbush Morgan raises their GYMB tgt to $51 from $49 as the co reported Q2 comp of (1)% and raised earnings guidance to $0.32-0.35 from $0.19-0.24, significantly beating the firm’s above consensus comp and EPS estimate of $0.26 (consensus $0.25).

Aeropostale ARO ests raised at Caris following yesterday morning’s raised guidance and strong July performance in the beginning of the south’s back-to-school season

Futures vs fair value: +10.80. Nasdaq futures vs fair value: +23.30.

Stock futures are up on better-than-expected jobs report for July induced a spike in buying that has taken stock futures markedly higher. The 247,000 jobs that were lost last month still suggests that the labor market is week, but the fact that the tally marked the fewest job losses since August of 2008 is telling that things have improved. However, the wide recognition that the economy is not in the same place that it was six months ago has been a driving force behind the stock market’s heady moves in recent months.

Pre Market Stocks on the Move

Amgen (AMGN) initiated with a Market Perform at BMO Capital
Target $64. Currenlty in pre marekt shrares are 61.41

Activision (Nasdaq: ATVI) closed yesterday at $12.78. So far the stock has hit a 52-week low of $8.14 and 52-week high of $18.18. Activision stock has been showing support around 11.56 and resistance in the 13.56 range. Technical indicators for the stock are Bullish and S&P gives ATVI a neutral 3 STAR (out of 5) hold rating. ATVI appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb ’10 12 covered call (AQV BL) for a net debit in the $10.88 area. That is also the break even stock price for this trade. This covered call has a 197 day duration, provides 14.87% downside protection and a 10.29% assigned return rate for a 19.07% annualized return rate (comparison purposes only). (Market Intellegenece)

Merck shareholders approve proposed merger with Schering-Plough
Merck (MRK) announced that its shareholders voted overwhelmingly to approve the proposed merger with Schering-Plough (SGP). 99% of the company’s outstanding shares voted in favor of the transaction. Merck today held its special shareholder meeting in Bridgewater, New Jersey to vote on the proposed merger.

Earnings surprise Arena Resources(ARD) reports Q2 EPS 39 vs. consensus of 23
Reports Q2 revenue $27.63M vs. consensus of $26.52M. :theflyonthewall.com

Dean Foods (DF), Arch Coal (ACI) and Volcano (VOLC) were today’s noteworthy initiations: Dean Foods was initiated with a Market Perform rating at Wells Fargo. Arch Coal was reinstated with a Neutral rating and $21 target at BofA/Merrill. Volcano was assumed with a Neutral rating and $17 target at Baird…OTHER INITIATIONS: Hewlett-Packard (HPQ) was initiated with a Buy rating and $52 target at Stifel Nicolals

Whole Foods Market (WFMI) NewsBite – WFMI Earnings Top Forecasts

Wednesday, August 05, 2009 10:48 AM EDT

Whole Foods Market (NasdaqNM: WFMI) opened at $28.80. So far today, the stock has hit a low of $28.56 and a high of $29.85. WFMI is now trading at $29.71, up $4.89 (19.7%). Over the last 52 weeks the stock has ranged from a low of $7.04 to a high of $25.14. WFMI reported a third-quarter profit last night of $35.0 million or 25 cents per share, on revenue of $1.9 billion, topping analysts’ estimates of 20 cents per share on revenue of $1.86 billion. Technical indicators for the stock are bearish and S&P gives WFMI a negative 2 STARS (out of 5) sell ranking.

More pre market gains

Pre-market top 5 gainers
The following stocks were the top percentage gainers before the open on solid volume of at least 50,000 shares, trading at over $10. SXCI 27.1%, AIG 21.6%, CSIQ 14.8%, FUQI 12.7%, M 7.17%.

Bank of England News Futures up

futures point to higher start. The Bank of England made a surprise decision to expand its bond purchase program while leaving its benchmark interest rate unchanged at 0.5%. For the second straight day, bank stocks are providing leadership to Britain’s FTSE, which is up 1.6%. HSBC (HBC), Barclays (BCS), and Lloyds Banking (LYG) are the primary leaders.

Meanwhile, BHP Billiton (BHP) and Rio Tinto (RTP) are mixed amid reports from Reuters that the two are set to report sharp falls in first-half profits. Financial outfits are also supporting France’s CAC, which is up 1.3%. Societe Generale, BNP Paribas, and Axa (AXA) are currently providing the most leadership. In Germany, the DAX is up 1.1% with Commerzbank providing support after posting quarterly earnings that topped expectations. Deutsche Bank (DB) is also sporting gains. According to The Wall Street Journal, German manufacturing orders in June climbed a better than expected 4.5%. Gains were also made in Asia, where the MSCI Asia Pacific Index closed 0.6% higher and Japan’s Nikkei advanced 1.3%. Automakers saw strength with Honda (HMC), Toyota Motor (TM), and Nissan (NSANY) all advancing. Nikon tumbled after it warned that its operating loss would be more than double its initial estimate. In Hong Kong, the Hang Seng spiked 2.0% amid strong buying in China Mobile (CHL), which is thought to be a candidate for listing in Shanghai. China Unicom (CHU) and China Telecom (CHA) both vaulted. In mainland China, the Shanghai Composite faltered, though. It shed 2.1%. Industrial & Commercial Bank of China and Bank of China both fell.

Stocks on the run pre market

Macy’s volatility low, shares up in pre-open on July sales and EPS outlook
Macy’s is recently trading at $15.35 in pre-open trading, above its close of $14.22. M expects Q2 earnings of 15c to 17c. M is scheduled to report Q2 EPS on August 12. M August option implied volatility is at 69; September is at 63; below its 26-week average of 81, according to Track Data, suggesting decreasing price movemen

Chinese drywall may adversely be affecting thousands of U.S. homes, WSJ says
Thousands of homes built in the U.S. between 2006 and 2007 may be negatively impacted from the use of drywall made in China, reports the Wall Street Journal. The drywall is being investigated by the U.S. Consumer Product Safety Commission, the Environmental Protection Agency, the Centers for Disease Control and Prevention, state health departments, and others. A number of reports are expected to be released this month and next. Recalls or others actions are expected.  We will have a list of stocks to short later today.

Reference www.wsj.com

UQI International Inc. (NASDAQ: FUQI) The Chinese jeweler said that Q2-2009 revenues rose by 50.6% to $100.8 Million as gross margin rose 660 basis points to 17.2%.  Net income rose 86.8% to $9.9 million, or $0.45 EPS.  To add a bit of juice, it raised its full year revenue and net income guidance. At 8:41 AM EST we show a gain of 13% to $27.61 on some 44,000 shares.  As this was the #1 pick from IBD and as this is a 52-week high above the old $25.60 hit this week,

XTO Energy upgraded to Add from Neutral at CapitalOne southcoast; tgt $51  (41.96)

Gerdau GGB  posts 2Q net loss of
GGB reports in Q2 net loss as a decline in the value of the company’s assets and tax payments added to the pain of the global economic slowdown. Gerdau reported a second-quarter net loss of 329 million Brazilian reals $181 m down from a net profit of BRL2.12 billion in the same quarter a year ago. Without the non-recurring charges, Gerdau said the company would have posted a second quarter net profit of BRL467 million. Gerdau, the largest long steel maker in the western hemisphere, reported net revenue of BRL6.4 billion in the second quarter, down 42% from BRL11.1 billion a year ago.

ZUMZ gets up grade to Average from Below Average and raises their tgt to $9 from $7 following the co’s July comps of -16.8%.  While the firm doesn’t see ZUMZ as out of the woods yet, in regards to their exposure to Western states and their higher price branded product, but things do look less bad as the co heads into back to- school in earnest and even the Western states are showing improvement.

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