| Weekend Report |
| December 26, 2004 |
Hi Everybody: Hope everyone had a nice holiday. The Major Indices continued their year-end rally as the Dow Industrials, Dow Composite and SP 500 hit 3 year highs. The DJ Composite saw 55 up and 10 down this past week. After hours on Thursday TIBX and UBET were up nicely on volume. Oil reversed downward which probably helped boost the markets. There are no major announcements planned this coming week. None of the majors will be announcing earnings and although the Short Interest reports for December will come out, this usually does not have any huge, immediate effect. I will report the Naz Short Interest next Sunday. Around the stock groups, forums and chatrooms there seems to be some confusion as to the market hours on 12/31/04. I called the Secretary of the NYSE Board of Directors last week and was told that the market would be business as usual, normal hours on New Year's Eve Day. The stocks listed below are not recommendations. They are simply securities that meet particular criteria. If you find any of interest, you should do your own research. Cup w/ Handles MRCY CPRT STRA BEAV FIX Still worth watching from last week: MVK NTGR ORLY CSAR NTES CXW STGS RGS HZO BGFV FINL SONE From last week's list the following were of note: CYT broke out and was +4%. LRW was +7% but there was not enough volume to be considered a true break out. The following were all up at least 3% but remain on the list as they have not broken out CXW +3% STGS +3% HZO +6% BGFV +4% FINL +4%. A few made attempted breakouts QCOM WLB BLX WFMI. MACD Crossovers SNP ETH MCRL WWE GCI ACI EC FDO DCS ANPI MCGC HLIT RAD AAII RWY CSQ FRED CBK SHOP PKZ From last week's list the following were up at least 3%(rounded): WEBME +12% OO +4% SSYS +4% PSPT +4% DJ +3% Flat Bases/Low Volume SSPI RUBO TMO TRFDF BTHS ALGN QLTI EBKR CBD BDK WLL UCI PRV 50 dma moves upward through 200 dma XL MWD HRB LII SNS FDRY REMC CDE LOUD ENMD IOM PSO TINY ENDP NVDA AMLN ERJ From last week's list the following were up at least 3%(rounded): LCCI +6% AEG +4% Generally bullish short term technicals SGR MHX RTK FDG From last week's list the following were up at least 3%(rounded): SGR +5% RSI(14) moves upward through 30 ROS RSI(14) moves upward through 50 SNP ETH MCRL WWE EXBD ITW HHS NASNY SCD GKIS LMNX IDNX MIND CHINA KRON SPW MFC SFNT TTWO GPS NRMX DDN DRAD NOK NR EVOL GSS NTL From last week's list the following were up at least 3%(rounded): FDS +13% SGU +9% FOE +5% SSYS +4% RG +4% AVN +3% RSI(14) moved upward through 50 AND an MACD crossover SNP ETH MCRL WWE From last week's list the following were up at least 3%(rounded): SSYS +4% Friday's new highs, closed up on at least 2x ADV RECN MHM ASVI DHB INMD GPN NWFL CHFN MRGO ELK SNR CRAI JOE BRN NSSC GOL LNOP MRGE NWPX TKF EPAY TSRI SIVB MCHX GRMN SQM CKN MXE TELN ASPM WGAT NCI ENWV TELOZ FCEB WGA ETF ESCC IJT SBP AZL NTR TIV NUT VBK OFI TIBX BNP VTI LFL TZIX TP VO TCF Sectors/Groups Top Sectors on Friday N/A Worst Sectors on Friday N/A Top Groups on Friday Biotechnology, Oil & Gas-Integrated, Major Drugs Worst Groups on Friday Consumer Finance, Retail-Dept/Discount, Real estate Operations Top Indices on Friday DJ-Biotech, AMEX-Biotech, AMEX-Disk Drive Worst Indices on Friday DJ- Airlines, DJ-Wireless Communications, DJ-Internet Commerce Top DJ Indices for the week Real Estate +7.17%, Footwear +4.89%, Tires +4.32% Worst DJ Indices for the week Biotech -19.3%, Transportation Services*** -12.8%, Marine Transport -3.10 ***Note: This Index is not the same as DJ-Transportation which is part of the DJ-Composite Note: I only check the Major DJ Indices. Site Watch The owner of BreakoutInvestor.com has been kind enough to once again offer a FREE look at his website. I have received nothing but positive feedback from those of you that have taken a look previously. Click this link to view Monday's Edition http://breakoutinvestor.com/Monday27 Last month I posted a site where you could see the Naz 100 components and their weightings. Here is a site that you can view the Dow Jones components and weightings http://www.djindexes.com/mdsidx/index.cfm?event=showHome I subscribe to a site called Strategic Investors. This past week the owner posted an interesting recap of 2004 as well as his take on 2005 on his public page. In case you missed it... http://www.adrich.com/Opn2004/Dec04.htm And don't forget to check out the new listings at FinancialLinksOnline.com This 'N That ***Russian telecommunications operator ZAO Sky Link said Friday that it's close to signing a deal with Qualcomm Inc. (QCOM) to buy its Brew platform. Raisa Rozinova, chief executive of Sky Link, said that the content part of the Brew platform will be launched by Sky Link network in early 2005. Brew is a platform for wireless operators offering content, video, information and other services via mobile phones and compact computers. "We are currently in talks with Qualcomm over the price we will have to pay for Brew," she said. Rozinova said that there is a very limited number of content providers in Russia, but she hopes that as Sky Link increases its network, more Russian content providers will emerge. Sky Link receives 10% of its revenue from mobile Internet in its richest market of Moscow. According to the company's most conservative forecasts, the revenue share of content will be over 15% by 2009 in all of Russia, considering that the users in the regions provide lower revenues. Sky Link is co-owned by AFK Sistema (AFK.YY) and OAO Telecominvest (TCIV.YY). Company Web site: http://www.skylink.ru ***Middleby Corp. (MIDD) bought back 1.8 million shares and 271,000 stock options from Chairman William F. Whitman, who, along with two members of his family and another individual, stepped down from the company's board. The shares, were repurchased from Whitman, members of his family and family trusts. The shares that were bought back represent about 19.6% of the company's 9.3 million outstanding shares. The shares were repurchased at a discount of 12.8% from Thursday's closing stock price. The buyback is expected to reduce the company's public float to 7.4 million shares, and the transaction is expected to add to 2005 earnings per share. Analysts surveyed by Thomson First Call expect the company to post 2005 earnings of .19 a share, compared with a 2003 profit of .99 a share. In a press release Thursday, Middleby said Whitman will turn 65 in February. He will be replaced as chairman by Selim A. Bassoul, the company's current president and chief executive. Additionally, Bassoul has just inked a new seven-year contract to serve as chairman, president and chief executive. ***China Boosting Share of Global Market http://biz.yahoo.com/ap/041226/textiles_tumult_4.html ***A strong finish for 2004? http://money.cnn.com/2004/12/26/markets/sun_lookahead ***US warns EU over China embargo http://www.taipeitimes.com/News/front/archives/2004/12/25/2003216636 ***Bye, competition; hello, high phone bills http://www.mercurynews.com/mld/mercurynews/news/opinion/10501438.htm?1c ***Many Happy Returns??? Retailers get tough on returns!!! http://www.indystar.com/articles/5/204802-6935-223.html That's it for this week...See 'ya next year!!! Best To All, Doug (IIC) |
| Los Angeles | CA | 90034 |