For the first time in awhile, the Baltic Shipping Index has turned higher. This is making stocks like DryShips ( DRYS ), Excel Marinetime ( EXM ), TBSI International ( TBSI ), and Diana Shipping ( DSX ) to all move higher.
Out of all of these, I really like DryShips ( DRYS ). Now that the bottom has been established around $65 last week, I think it is set to move higher to test the $85 level. Drys hasn't closed over this level in awhile! I believe a close over $85 would start a nice uptrend and break out.
Trading Drys - While DRYS is $74 right now, I will be buying any dips under the $70 level. I think the trend is changing as we speak from downtrend to uptrend. Keep an eye on Drys and keep an eye on the baltic shipping index!
Wednesday, August 13, 2008
PDO Pyramid Oil reports Earnings - Stock Up 13% 8-13-08
Pyramid Oil ( PDO ) just came out with Earnings at 9am...just a few mintues ago here on 8-13-08.
Earnings again look incredible. Keep in mind during the quarter the company did a 5/4 stock split that is not accounted for on most stock charts.
Pyramid Oil PDO earned .24 cents per share vs .10 a year ago or 154% increase....revenue was 2.1 million vs 1.1 a year ago.
Last quarter PDO earned .22 cents per share vs .02 a year ago! ( these are numbers pre split, keep this in mind! )
Technical Analysis: PDO has resistance at $13...a close over this level would be very bullish....strong support at $9
Highlights:
Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.
John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."
Earnings again look incredible. Keep in mind during the quarter the company did a 5/4 stock split that is not accounted for on most stock charts.
Pyramid Oil PDO earned .24 cents per share vs .10 a year ago or 154% increase....revenue was 2.1 million vs 1.1 a year ago.
Last quarter PDO earned .22 cents per share vs .02 a year ago! ( these are numbers pre split, keep this in mind! )
Technical Analysis: PDO has resistance at $13...a close over this level would be very bullish....strong support at $9
Highlights:
Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.
John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."
Potash ( POT ) stock ready for a bounce? POT Technical Analysis 8-13-08
Last week I wrote about Potash when it was on the verge of breaking that key support level of $190. POT has wrestled with that level many times over the past few months and when the stock finally closed below this level, all hell broke loose! Potash and all the AG stock were beaten down with the rest of the commodities stocks.
So what now? Well, Potash has some major ground to gain back before it can be a stable stock again. This breakdown in Potash shares was the first MAJOR breakdown in a few years. The stock is damaged big time. But are investors missing something? Are they missing the fact the demand for Potash as a product remains strong? Are investors missing that POT stock trades at only 7.8 times 2009 earnings?
Looking at my POT technical analysis stock chart, we have that support now at $157 which will be very crucial. $175 is also your line of resistance as this was the low a few months ago before it ran to $240. If Potash can close above $175 & $190 it will be back! Until then, buy the dips and sell the rips!
So what now? Well, Potash has some major ground to gain back before it can be a stable stock again. This breakdown in Potash shares was the first MAJOR breakdown in a few years. The stock is damaged big time. But are investors missing something? Are they missing the fact the demand for Potash as a product remains strong? Are investors missing that POT stock trades at only 7.8 times 2009 earnings?
Looking at my POT technical analysis stock chart, we have that support now at $157 which will be very crucial. $175 is also your line of resistance as this was the low a few months ago before it ran to $240. If Potash can close above $175 & $190 it will be back! Until then, buy the dips and sell the rips!
Tuesday, August 12, 2008
Fuel Systems Solutions ( FSYS ) Stock is Hot!!
Many of you have never heard of Fuel Systems Solutions ticker symbol FSYS. Fuel Systems is only up 299% in 2008! I have been following this stock for several months now and last week it really broke out big time! Why has FSYS broken out into a huge explosive uptrend? Earnings!
What does Fuel Systems Solutions ( FSYS ) do?
Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of gaseous fuel components, such as fuel delivery pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines. It also provides systems integration support to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; various ancillary components for systems operation on alternative fuels; and engineering and systems integration services. The company supplies its products and systems primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is headquartered in Santa Ana, California
Have you been hearing the news from the Chesapeake Energy CEO ( Top company in the Haynesville Shale ) going to Washington D.C to convince congress to start switching to Natural Gas as transportation fuel? It is coming folks...maybe in 3-5 years. Europe already has natural gas cars. Fuel System Solutions ( FSYS ) is set to profit big time from this trend. This could be the wave of the future for automobiles.
Earnings:
FSYS reported earnings of .29 cents per share vs a year ago only earning .03 cents per share. Revenue went up 50% to 98.3 million. The Market cap of FSYS is only 885 Million.
Keep a close eye on this company.....it could be huge in the coming years!
What does Fuel Systems Solutions ( FSYS ) do?
Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company offers a range of gaseous fuel components, such as fuel delivery pressure regulators, fuel injectors, flow control valves, and other components to control the pressure, flow, and/or metering of gaseous fuels; electronic controls, such as solid-state components and proprietary software that monitor and optimize fuel pressure and flow for engine requirements; and gaseous fueled internal combustion engines. It also provides systems integration support to integrate the gaseous fuel storage, fuel delivery, and/or electronic control components and sub-systems; various ancillary components for systems operation on alternative fuels; and engineering and systems integration services. The company supplies its products and systems primarily to automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets through a network of distributors and dealers, as well as through a sales force that develops sales with distributors, original equipment manufacturers, and end-users. Fuel Systems Solutions, Inc. was founded in 1958 and is headquartered in Santa Ana, California
Have you been hearing the news from the Chesapeake Energy CEO ( Top company in the Haynesville Shale ) going to Washington D.C to convince congress to start switching to Natural Gas as transportation fuel? It is coming folks...maybe in 3-5 years. Europe already has natural gas cars. Fuel System Solutions ( FSYS ) is set to profit big time from this trend. This could be the wave of the future for automobiles.
Earnings:
FSYS reported earnings of .29 cents per share vs a year ago only earning .03 cents per share. Revenue went up 50% to 98.3 million. The Market cap of FSYS is only 885 Million.
Keep a close eye on this company.....it could be huge in the coming years!
Friday, August 8, 2008
Google ( GOOG ) Why I bought Google - Should you Buy GOOG?
I have been buying Google over the past few weeks here....accumulating a position while I can still buy it under $500. I think once the technology sector turns ( and it could be soon ) higher this could be the last time you will ever see Google below $500 again.
Why?
Well first things first, the Gphone Anroid platform will be coming out this fall...that should be a plus.
Second, 2nd quarter earnings for Google are usually slow.....this 3rd quarter I think will be a blowout. Remember Q1 earnings? GOOG reported a blowout quarter...the stock went from $460 to $600....they miss in Q2 slightly and its all the way back to where it started? Are you kidding?
Third, YouTube is starting to make money.....when they get that together...lookout! We will eventually have a YouTube cable channel with ads flashing silently on your TV screen. Oh, did we forget about Doubleclick already? This is a huge growth opportunity.
Google will continue to growth each and every year. Google is expected to earn $19.69 per share this year...I think it will be over $20. For 2009, Google is expected to earn $24.50.
With 13 billion in the bank, and sporting a PEG ratio of .82 ( Yahoo has a PEG of 2.44...how crazy is that! ) I think Google is very cheap here. To me the Google's downside is very limited!
Why?
Well first things first, the Gphone Anroid platform will be coming out this fall...that should be a plus.
Second, 2nd quarter earnings for Google are usually slow.....this 3rd quarter I think will be a blowout. Remember Q1 earnings? GOOG reported a blowout quarter...the stock went from $460 to $600....they miss in Q2 slightly and its all the way back to where it started? Are you kidding?
Third, YouTube is starting to make money.....when they get that together...lookout! We will eventually have a YouTube cable channel with ads flashing silently on your TV screen. Oh, did we forget about Doubleclick already? This is a huge growth opportunity.
Google will continue to growth each and every year. Google is expected to earn $19.69 per share this year...I think it will be over $20. For 2009, Google is expected to earn $24.50.
With 13 billion in the bank, and sporting a PEG ratio of .82 ( Yahoo has a PEG of 2.44...how crazy is that! ) I think Google is very cheap here. To me the Google's downside is very limited!
Thursday, August 7, 2008
Moody's might cut American Express AXP rating
CNBC is reporting that Moody's might end up cuting the rating of American Express ( AXP )....this news has caused the Dow to decline even more here in the last hour. Mastercard ( MA ) and Visa ( V ) are also sinking with this news.
Something to keep an eye on also....Oil - There is a pipeline in Turkey that has gone down which transports 1 million barrels per day. When the news hit early this morning Oil prices took off up $3 at one point....they have since come back down. This pipeline is due back up in 2 weeks.
Natural Gas is plunging yet again after going above $9 this morning. One of these day Nat Gas will be up huge.
Tonight I will be watching Jones Soda ( JSDA ) earnings. I know the stock is only $2.50 but I happen to believe in the brand and I think once they get things in order...this stock can go to $10-$15 per share. I assess this company quarter to quarter and I will be getting back in one of these days.
Something to keep an eye on also....Oil - There is a pipeline in Turkey that has gone down which transports 1 million barrels per day. When the news hit early this morning Oil prices took off up $3 at one point....they have since come back down. This pipeline is due back up in 2 weeks.
Natural Gas is plunging yet again after going above $9 this morning. One of these day Nat Gas will be up huge.
Tonight I will be watching Jones Soda ( JSDA ) earnings. I know the stock is only $2.50 but I happen to believe in the brand and I think once they get things in order...this stock can go to $10-$15 per share. I assess this company quarter to quarter and I will be getting back in one of these days.
Wednesday, August 6, 2008
True Religion ( TRLG ) Earnings Afterhours 8-06-08
True Religion ( TRLG) is up big time afterhours tonight. The company has released better then expected earnings and upped guidance.
--Record Breaking Q2 08 Net Sales of $64.2 Million, an Increase of 78.9% from $35.9 Million in Q2 07--
--Increases High-End of Net Sales Guidance by $22 Million to $247 Million from $225 Million and High-End of EPS Guidance by $0.09 to $1.65 from $1.56--
--Q2 08 Gross Profit Increased 79.6% to $36.9 Million from $20.5 Million in Q2 07--
--Q2 08 Operating Income Grew 83.0% to $15.4 Million from $8.4 Million in Q2 07--
--Q2 08 Net Income Grew 86.0% to $9.3 Million from $5.0 Million in Q2 07--
--Q2 08 Diluted EPS Reaches $0.39 vs. $0.21 in Q2 07--
TRLG will be a hot stock tomorrow 8/07/08
--Record Breaking Q2 08 Net Sales of $64.2 Million, an Increase of 78.9% from $35.9 Million in Q2 07--
--Increases High-End of Net Sales Guidance by $22 Million to $247 Million from $225 Million and High-End of EPS Guidance by $0.09 to $1.65 from $1.56--
--Q2 08 Gross Profit Increased 79.6% to $36.9 Million from $20.5 Million in Q2 07--
--Q2 08 Operating Income Grew 83.0% to $15.4 Million from $8.4 Million in Q2 07--
--Q2 08 Net Income Grew 86.0% to $9.3 Million from $5.0 Million in Q2 07--
--Q2 08 Diluted EPS Reaches $0.39 vs. $0.21 in Q2 07--
TRLG will be a hot stock tomorrow 8/07/08
Ambac ( ABK ) - Elan ( ELN ) Stock Market 8-06-08
This morning we have great earnings coming out of Ambac ( ABK ). This stock is trading over $5 so far in pre market. Ambac's ( ABK ) second-quarter earnings rose sharply, helped by valuation gains on credit derivatives. The New York-based company said net income rose to $823.1 million, or $2.80 a share, from $173 million, or $1.67 a share, a year earlier.
Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.
Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers
Check out the rest of the earnings this week at http://blackberrystocks.com
Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.
Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers
Check out the rest of the earnings this week at http://blackberrystocks.com
Tuesday, August 5, 2008
Potash ( POT ) Technical Analysis Stock Chart 8-06-08
Tonight I annotated a new technical analysis stock chart of Potash ( POT ).
Since I last wrote....POT did indeed break its $190 support level and then went on to break its next support level at $175.....this was a vicious down move! POT hasn't seen this bad of breakdown since it first started breaking out years ago.
All commodity related stocks are down huge over the past several weeks! The uptrend in these AG stocks couldn't last forever. Despite these agriculture stocks being cheap on a 2009 basis, the big money seems to be rotating out of commodities and into financials. But how long will this last? Probably not long. Global growth is still strong....
Some great stocks to buy on this huge pullback are:
Freeport McMoran ( FCX )
US Steel (X )
Potash ( POT )
Mosaic ( MOS )
United States Oil Fund (USO )
Since I last wrote....POT did indeed break its $190 support level and then went on to break its next support level at $175.....this was a vicious down move! POT hasn't seen this bad of breakdown since it first started breaking out years ago.
All commodity related stocks are down huge over the past several weeks! The uptrend in these AG stocks couldn't last forever. Despite these agriculture stocks being cheap on a 2009 basis, the big money seems to be rotating out of commodities and into financials. But how long will this last? Probably not long. Global growth is still strong....
Some great stocks to buy on this huge pullback are:
Freeport McMoran ( FCX )
US Steel (X )
Potash ( POT )
Mosaic ( MOS )
United States Oil Fund (USO )
Elan ( ELN ) Stock Alert - Up in Pre Market Again
This morning is the second straight day Elan Corp ( ELN ) is up in pre market. It finally seems like it has bottomed out. This is a risky stock but the potential here is huge if they can just make Tysabri safe. You could be looking at a $25 stock in a year if everything goes right.
If you are day trading ELN.....these is strong resistance at the $12 range.....a break above this level would cause a nice spike intraday. A close above $12 and you could see a move toward $15 this month I think. Just keep an eye on the news wire!
Check out this week Earnings Calendar & The Top 2008 Stock Gainers
If you are day trading ELN.....these is strong resistance at the $12 range.....a break above this level would cause a nice spike intraday. A close above $12 and you could see a move toward $15 this month I think. Just keep an eye on the news wire!
Check out this week Earnings Calendar & The Top 2008 Stock Gainers
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