trading
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CCK estimate raised:
Crown Holdings-CCK raising 2006/2007 estimates on lower interest expenses-Buy rating by Longbow Research. The firm is raising its 2006 estimate to $1.39 from $1.21 and 2007 estimate to $1.58 from $1.42.
CCK, I almost sold mine after that toppy candle yesterday, but it picked up steam this afternoon. Chart now looks bullish again.
Calls looking stronger too.
http://stockcharts.com/def/servlet/SC.web?c=CCK,uu[w,a]daclyyay[db][pb10!b20][vc60][iLah12,26,9!Lg]&...
Asbestos-related shares gain on Senate action (USG, ACKHQ, CCK, OWENQ) By Padraic Cassidy
NEW YORK (MarketWatch) - Shares of companies with significant exposure to asbestos liability claims gained ground Wednesday, one day before a Senate committee was scheduled to begin a hearing on legislation to establish a $140 billion compensation fund. Owens Corning (OWENQ) rose 15% to $3.30 and Armstrong Holdings (ACKHQ) gained 12% to more than $1.75. Crown Holdings Inc. (CCK) climbed nearly 2% to $18.25 and USG Corp. (USG) moved higher by 0.2% to $61.64. The Senate Majority Leader, Republican Bill Frist of Tennessee, called asbestos reform "the first major piece of legislation to be considered by the Senate when we return in January."
http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=yhoo&dateid=38672.6151075579-8508....
CCK up more in post market.
CCK trading up after hours again, on news Senate will move soon on asbestos legislation.. fyi
CCK picked up steam this afternoon when the Senate indicated it will act on asbestos legislation soon. Trading up after hours tonight, some trades as high as 18.78. Unusual number of blocks went through when the price turned up early afternoon.
CCK moved up after hours. Looks like might have been a Cramer pump of the evening.
http://cramania.com/
SIFY moving up well above average daily volume. Quite a few block trades went through around 10 am.
WFMI strong bounce up off the morning bottom. Volume rising as she moves up.
SUG good earnings. Expecting run up during conference call.
http://stockcharts.com/def/servlet/SC.web?c=sug,uu[w,a]daclyyay[db][pb10!b20][vc60][iLah12,26,9!Lg]&...
IMAX nice reversal today on heavier than average volume.
SVM had some substantial buyers as it moved down today. Watching for a reversal.
Bullish chart. This baby gets a MACD crossover and I am in very big.
Could be a what... 20-bagger?
http://stockcharts.com/def/servlet/SC.web?c=cwpc,uu[w,a]daclyyay[db][pb10!b20][vc60][iLah12,26,9!Lg]...
DJ TECH VIEW: Xbox360 Could Boost ATYT Fortunes
27 Oct 05
By John C. Dvorak
A Dow Jones Column
BERKELEY, Calif. (Dow Jones)--When the original Xbox was released by
Microsoft Corp. (MSFT) it changed the balance of power in the industry by
injecting a lot of money and introducing new ideas to the game console
business.
Microsoft is not letting up, and its newest Xbox360, to be released for sale
at the end of November, promises to keep pressure on the game console business.
The first iteration of the Xbox had impact on one supplier in particular. Its
most adverse effect was on the Sega company which, under pressure, ended its
game console business altogether. And the big winner in the deal was Nvidia
Corp. (NVDA), which was the maker of the graphics controller within the Xbox.
Its stock soared and has continued to do well.
Are there any potential side bets this time around with the Xbox360? A lot
will depend on ironing out some early glitches. It's already gotten off to a
rocky start as its wireless components seem to interfere with in-store wireless
networks. This was witnessed by a recent problem at the Wal-Mart Stores Inc.
(WMT) chain where the system was going to be previewed. That should be resolved
quickly.
I have played with and examined the Xbox360 and despite the foul-up at
Wal-Mart there is no doubt that this machine will be a blockbuster success.
That means millions of units will be sold. Wedbush Morgan Securities in a
recent report predicts 2.5 million units sold in the U.S. and Europe alone.
The supplier names that crop up in conjunction with the Xbox are IBM Corp.
(IBM), maker of the microprocessor used by the device; Chartered Semiconductor
Manufacturing Ltd. (CHRT), the second source for the chips; Flextronics
International Ltd. (FLEX), Wistron Corp. (3231.TW) and Celestica Inc. (CLS) as
contract box manufacturers; and ATI Technologies Inc. (ATYT) as the graphics
chip designer/manufacturer.
NVidia hasgone over to the Sony Playstation as its graphics controller maker
after some disputes with Microsoft during its work on the original Xbox.
If the biggest beneficiary of the first Xbox success was Nvidia, would this
mean ATI is the company to watch? That would be my best guess. And since
Flextronics has recently been slammed by the Street, it might also make an
interesting turnaround working with Microsoft. All the companies mentioned
would be worth following, but ATI has the most to gain.
Here's what actually happens to boost the fortunes of a company such as ATI
or Nvidia when it develops controllers for an advanced game console like this.
They are afforded the luxury to push the envelope of the technology with a lot
of expensive R&D to incorporate newer ideas into these cards to make the
displays faster and more realistic. This immediately falls over into the bigger
more profitable PC markets, especially amongst PC gamers and their hot
machines.
Nvidia, for example, is still benefiting from its relationship with Microsoft
as it leads the industry with very advanced graphics controllers including the
newest SLI (scanline interleave mode) systems that are the ultimate in desktop
computer graphics. The cards cost around $450 each and you need two of them for
the ultimate in performance. Everyone wants them.
What will happen with ATI is that certain characteristics of its Xbox360
controller will be admired by the game developers and they will employ code to
optimize use of these features. This always spills over to the PC side and
suddenly ATI will have a card that specializes in this function or method. The
next thing you know everyone has to have that new card. ATI and Nvidia have
been fighting with each other in this incredibly competitive market for years
now and the results have been remarkable products for end-users and profits for
the companies.
ATI has been lagging behind Nvidia with nothing solid to compete with the
remarkable Nvidia SLI cards. If the Xbox is a massive success, as I predict it
will become, then ATI could be the main beneficiary.
(John Dvorak is a columnist with Marketwatch.)
DJ TECH VIEW: Xbox360 Could Boost ATYT Fortunes
27 Oct 05
By John C. Dvorak
A Dow Jones Column
BERKELEY, Calif. (Dow Jones)--When the original Xbox was released by
Microsoft Corp. (MSFT) it changed the balance of power in the industry by
injecting a lot of money and introducing new ideas to the game console
business.
Microsoft is not letting up, and its newest Xbox360, to be released for sale
at the end of November, promises to keep pressure on the game console business.
The first iteration of the Xbox had impact on one supplier in particular. Its
most adverse effect was on the Sega company which, under pressure, ended its
game console business altogether. And the big winner in the deal was Nvidia
Corp. (NVDA), which was the maker of the graphics controller within the Xbox.
Its stock soared and has continued to do well.
Are there any potential side bets this time around with the Xbox360? A lot
will depend on ironing out some early glitches. It's already gotten off to a
rocky start as its wireless components seem to interfere with in-store wireless
networks. This was witnessed by a recent problem at the Wal-Mart Stores Inc.
(WMT) chain where the system was going to be previewed. That should be resolved
quickly.
I have played with and examined the Xbox360 and despite the foul-up at
Wal-Mart there is no doubt that this machine will be a blockbuster success.
That means millions of units will be sold. Wedbush Morgan Securities in a
recent report predicts 2.5 million units sold in the U.S. and Europe alone.
The supplier names that crop up in conjunction with the Xbox are IBM Corp.
(IBM), maker of the microprocessor used by the device; Chartered Semiconductor
Manufacturing Ltd. (CHRT), the second source for the chips; Flextronics
International Ltd. (FLEX), Wistron Corp. (3231.TW) and Celestica Inc. (CLS) as
contract box manufacturers; and ATI Technologies Inc. (ATYT) as the graphics
chip designer/manufacturer.
NVidia hasgone over to the Sony Playstation as its graphics controller maker
after some disputes with Microsoft during its work on the original Xbox.
If the biggest beneficiary of the first Xbox success was Nvidia, would this
mean ATI is the company to watch? That would be my best guess. And since
Flextronics has recently been slammed by the Street, it might also make an
interesting turnaround working with Microsoft. All the companies mentioned
would be worth following, but ATI has the most to gain.
Here's what actually happens to boost the fortunes of a company such as ATI
or Nvidia when it develops controllers for an advanced game console like this.
They are afforded the luxury to push the envelope of the technology with a lot
of expensive R&D to incorporate newer ideas into these cards to make the
displays faster and more realistic. This immediately falls over into the bigger
more profitable PC markets, especially amongst PC gamers and their hot
machines.
Nvidia, for example, is still benefiting from its relationship with Microsoft
as it leads the industry with very advanced graphics controllers including the
newest SLI (scanline interleave mode) systems that are the ultimate in desktop
computer graphics. The cards cost around $450 each and you need two of them for
the ultimate in performance. Everyone wants them.
What will happen with ATI is that certain characteristics of its Xbox360
controller will be admired by the game developers and they will employ code to
optimize use of these features. This always spills over to the PC side and
suddenly ATI will have a card that specializes in this function or method. The
next thing you know everyone has to have that new card. ATI and Nvidia have
been fighting with each other in this incredibly competitive market for years
now and the results have been remarkable products for end-users and profits for
the companies.
ATI has been lagging behind Nvidia with nothing solid to compete with the
remarkable Nvidia SLI cards. If the Xbox is a massive success, as I predict it
will become, then ATI could be the main beneficiary.
(John Dvorak is a columnist with Marketwatch.)
SIFY earnings tonight at 11:30 eastern. Could be a major move either direction tomorrow. Not in but watching with interest.
Bird Flu now in Europe. AVII neugene treatment could be used on many viral infections. Confirmed effective on Marburg and Ebola on Thursday. Huge antiviral growth coming. Plus the chart ain't bad either:
http://stockcharts.com/def/servlet/SC.web?c=avii,uu[w,a]daclyyay[db][pb10!b20][vc60][iLah12,26,9!Lg]...
Huge Oil sands refinery planned for Alberta. I like CNQ on this one.
Alberta plans $7B refinery
Would be on par with giants in U.S. Gulf Coast
Claudia Cattaneo and Jon Harding
National Post
CALGARY - The Alberta government and 16 industry sponsors are looking at building a giant, $7-billion refinery complex near Edmonton, the first in North America in a quarter century.
The group, led by Alberta Economic Development, is getting down to the finer details of an ambitious strategy that started two years ago and could lead to a 300,000 barrels-a-day refinery and petrochemical complex that could be in operation as early as 2012.
The refinery would be the largest in Canada. It would be expandable to 450,000 barrels per day, putting it on par with the giant refineries of the U.S. Gulf Coast.
"There is a shortage of refining capacity in North America," said David Netzer, the Houston-based expert hired to fine-tune the plan, aimed at helping Canada's top energy-producing province squeeze the most value out of its booming oilsands development.
"People have seen the recent hurricanes in the U.S. Gulf Coast. They have 40% of the refining capacity and 80% of the petrochemical production in North America. It's by far better to distribute the capacity all across."
Plans call for the plant to be built near Red Water, a small community east of Edmonton. About 70% would be dedicated to processing bitumen (the tar-like substance derived from petroleum) into such fuel products as diesel, gasoline and kerosene. The remaining 30% would produce petrochemicals such as ethylene and propylene, used to make plastics, and synthesis gas for ammonia, used to produce fertilizer.
Diesel, the primary fuel product, would be shipped by pipeline to Prince Rupert on the B.C. coast for export to the Far East. Gasoline and kerosene would be exported to markets in North America, Mr. Netzer said.
No new refineries have been built in the United States in 30 years because of poor margins, community opposition and tough environmental permit requirements, said Steve Fekete, an expert with energy consultancy Purvin & Gertz. The last refinery built in Canada was Shell Canada Ltd.'s Scotford refinery, built in 1982 near Edmonton.
Recently, margins at existing refineries have improved and capacity has tightened, contributing to rising crude and gasoline prices. Hurricanes Katrina and Rita, which knocked off several refineries in the U.S. Gulf Coast and set gasoline prices on fire across the continent, showed how tight and how regionally focused the refining industry has become.
While companies thinking of building refineries have faced the not-in-my-backyard effect, the four municipalities surrounding the proposed complex near Edmonton are among its most enthusiastic proponents.
Larry Wall, head of Alberta's Industrial Heartland Association, said the region has set aside a large land spread for industrial development. Already, it is the home of Shell's Scotford refinery and a fertilizer operation run by Agrium Inc. He said the association would like to see the area develop into a refinery hub on the same scale as the U.S. Gulf Coast, feeding off the huge increase in bitumen production from the Athabasca oilsands located 300 kilometres north.
"As a community, this type of initiative is about getting the most from every hydrocarbon molecule, and it's something we very much aspire toward," Mr. Wall said.
"We have this massive amount of production coming on stream," he said. "We can take $12 to $20 and create a job or two per barrel of bitumen, or we can create synthetic crude and spin off more jobs and get close to the benchmark crude price, or we can go to the next level and get $68 to $120 of incremental value and a spinoff of 15 to 20 jobs."
The study is backed by such industry heavyweights as Agrium, BP PLC, Canadian Natural Resources Ltd., Enbridge Inc., EnCana Corp., Nova Chemicals Ltd., Petro-Canada, TransAlta Corp. and TransCanada Corp.
"We are doing it because it is examining the potential for adding value to our resources contained in oilsands," said Alan Boras, a spokesman for EnCana.
Corey Bieber, a spokesman for Canadian Natural, said producers want to know whether lack of refining capacity impairs their ability to develop heavy oil. Production of bitumen is soaring because of large oilsands investment, but it gets sold at a heavy discount because it requires more processing in a tight market. Already, there are plans to build several upgraders in the province to elevate bitumen into a light, sweet oil.
"Does an integrated solution in Alberta make sense and does it fix that bottleneck?" Mr. Bieber asked.
The study undertaken by Mr. Netzer is the third in two years related to refining commissioned by the Alberta government. It will assess how to integrate a refinery with a petrochemical plant and define the best product slate. There are four refineries in Alberta and 15 in Canada.
The latest study was launched last week and is due for completion early next year.
An official with Alberta Economic Development said the refinery complex could take two years of design and planning and three to four years of construction.
He said the government hopes that once the study is completed, an industry group or company will step forward and build it.
"The margins on this look good enough that we don't believe finding someone to build it is going to be a problem," he said.
Last week, the U.S. House of Representatives approved a bill to encourage construction of new refineries, easing environmental protection rules despite the objections of many environmental groups.
Mr. Netzer said there are plans to build refineries in the United States, some advanced by Saudi Arabia and Kuwaiti interests, but, to his knowledge, none is as far along as Alberta's.
Judith Dwarkin, chief economist at Ross Smith Energy Group in Calgary, said after years of no investment, the bulk of new construction will likely emerge in the Middle East, where there is less resistance from communities.
http://www.greencarcongress.com/2005/10/alberta_governm.html#more
RHAT bullish comments: Red Hat-RHAT CFO still sees Q3 EPS .09c-.10c according to Dow Jones
Sees FY07 Cash Flow rising to $1/share.
While AVII is not showing up on many bird flu vaccine lists, it is a major player in anti-viral research and could be the one company that comes forward with a major breakthrough in flu treatments. Ebola is certainly a key treatment target but Avian Influenza could be much more dangerous.
When we start killing the flocks of Canada geese and other wild fowl in this country,(in addition to wholesale quarantines of poultry operations) you'll know we are nearing the critical stages before a possible pandemic.
While AVII is not showing up on many bird flu vaccine lists, it is a major player in anti-viral research and could be the one company that comes forward with a major breakthrough in flu treatments. Ebola is certainly a key treatment target but Avian Influenza could be much more dangerous.
When we start killing the flocks of Canada geese and other wild fowl in this country, you'll know we are nearing the critical stages before a possible pandemic:
---
What to watch for:
Of the 15 avian influenza virus subtypes, H5N1 is of particular concern for several reasons. H5N1 mutates rapidly and has a documented propensity to acquire genes from viruses infecting other animal species. Its ability to cause severe disease in humans has now been documented on two occasions. In addition, laboratory studies have demonstrated that isolates from this virus have a high pathogenicity and can cause severe disease in humans. Birds that survive infection excrete virus for at least 10 days, orally and in faeces, thus facilitating further spread at live poultry markets and by migratory birds.
SYKE nice gap up then pullback.
SYKE raised guidance. Nice gap up then pullback. Bought in at 13.26. Be very surprised if we don't move considerably higher. eom
Indian internets REDF and SIFY looking very strong. Actually SIFY now the stronger of the two, relatively speaking.
SIFY a very strong day again. On the verge of a substantial breakout. Volume will tell the tale.
If SIFY can close above 6, should be an easy run on up well above 7. Technicals very strong. Volume still way above average.
RITA moving on buy recommendation initiated. eom
EK nice snap back on news.
Ciena-CIEN unconfirmed takeover chatter circulating "again"-Rumor
eom
Ciena-CIEN unconfirmed takeover chatter circulating "again"-Rumor
eom
Watching for an ORCL bounce. Ellison and the CFO made more bullish comments after 6:30pm eastern. Guidance for next quarter is a bit better.
Not in ORCL right now but will be watching it in the premarket tomorrow morning. Has potential.
CNXT gapped up after hours. eom
CNXT and JDSU up sharply after hours. Cramer touts.
RTK is moving. Company holding a conference call for investors on Monday.
RTK is moving. Company holding a conference call on Monday.
SWB moving again on Cramer tout. fyi
CNQ pullback is a bargain basement move here. Dipped on natural gas inventories this morning. Company is experiencing accelerating revenue and earnings in this market, crude and natural gas play.
Bought at 46 for longer term.
http://stockcharts.com/def/servlet/SC.web?c=cnq,uu[w,a]daclyyay[db][pb10!b20][vc60][iLah12,26,9!Lg]&...
PNR snapback bounce today. Probably on increased demand for water filtration and purification equipment.
PNR moving today. Water filtration equipment and supplies.
ARXT moving again on volume.