Stocks to Watch: VIVI, SIRI, KMRT, NTAP
BOCA RATON, FL - MARKET WIRE - 11/17/04
OTCPro.com announces its list of stocks to watch! (OTC BB: VIVI), (NASDAQ: SIRI), (NASDAQ: KMRT), (NASDAQ: NTAP). These stocks are looking to move!
Investors need to be watching Viva International, Inc. (OTCBB: VIVI). VIVI just had news out and serious investors and traders should look for a suitable entry point. OTCPro.com believes the stock is under accumulation and poised for a move.
Viva International, Inc. (OTCBB: VIVI) announced today that it has reached agreement on the sale/spin-off of its wholly owned subsidiary, Universal Filtration, Inc. to Carr Holdings, LLC of Novi, Michigan.
Carr Holdings, LLC and its affiliates are value-added resellers of computer hardware and software, and point of sale systems. In addition, the Carr group of companies provides management services and develops software, provides software support and hardware repair services. Currently, the Carr group is the largest United States reseller of the SAP Business One application software. They have recently released several titles of add-on software to the Business One system for the manufacturing and wholesale distribution industries. German-based SAP is the world's third-largest software company with current gross revenues of approximately $8 billion. During 2003, Carr and its affiliates generated gross revenues of approximately $6 million.
Watch this stock; it could break out on the upside in the near term! Other stocks looking to move are:
SIRIUS SATELLITE RADIO INC. (NASDAQ: SIRI) SIRI is approaching its 52-week high and is one of NASDAQ's volume leaders.
KMART HOLDING CORP. (NASDAQ: KMRT): Sears shares jumped $4.30 a share, or 9.5 percent, to $49.50 in pre-market trade while KMart shares rose $2.88, or 2.7 percent, to $104.
NETWORK APPLIANCE INC. (NASDAQ: NTAP): The maker of data storage equipment reported a higher quarterly profit, citing strength in all product lines. Its stock closed at $25.02 on the Nasdaq.
Morning Commentary:
The markets have been buoyed lately by decreasing oil prices which hit their two-month lows at $45.25 in intraday trading yesterday and winded up closing at $46.80 a barrel. Helping ease prices in the oil markets are the improving conditions in Nigerian oil workers have called off a threatened strike, and comments at the Minerals Management Service that new deep water wells in the Gulf of Mexico are expected to yield higher levels of oil production beginning in 2006 and increasing through 2011. This morning we are looking at oil back over $47, which could be another bearish influence on equities in today's session.
Look for this morning's PPI report, as well as this morning's capital flows data to be the primary influences on the dollar in today's session. In the midst of the past couple days of declining oil prices, the dollar strengthened slightly, up for the second straight session after hitting seventh-month lows against the yen. However, the downward trend in the dollar does not look like it is going to reverse any time soon as the deficits and eroding global confidence continue to weigh on it. In fact, an increasingly vocal world community is asking the U.S. to do something about the situation. Yesterday, EU Economic and Monetary Affairs Commissioner commented that "it is not good for anyone to have this kind of movement" referring to the deficit's impact on the dollar and fears that an overly strong euro would negatively impact Europe's economic recovery.
About OTCPro.com
OTCPro.com is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCPros is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCPro's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCPro provides investors with a complete suite of online interactive financial data and tools that includes quotes, charts, company profiles, news, market commentary and SEC filings, just to name a few. OTCPros offers a free financial newsletter. To subscribe or get more information, visit our home page located at www.OTCPro.com. OTCP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of an OTCP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an OTCP opinion, recommendation or analysis. Information regarding companies which OTCP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.
You should be aware that OTCP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating OTCP's statements regarding a company. OTCP's has been compensated by Market Beast LLC and Carr Holdings for the publication and circulation of this report, and received from each company 419,679 thousand free trading shares of common stock and 160,642 thousand restricted shares of VIVI.OB and SCI and affiliates have no other relationship to companies. To date SCI has not sold any shares.. This should be construed as a potential conflict of interest. OTCP's officers and directors reserve the right to buy additional shares of the company discussed in this opinion and may profit in the event those shares rise in value. When OTCP receives free trading shares as compensation for a profiled company, OTCP may sell part or all of any such shares during the period in which OTCP is performing such services.
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