Wall Street Addict

Shares of semiconductor maker Advanced Micro Devices Inc. continued their slide Friday, a day after an annual analyst meeting in which it announced delays in its key "Barcelona" chip.
While the company said it plans to reach profitability by the end of the third quarter of 2008, analysts were generally not as optimistic, in part because of the "Barcelona" delays and competition from other chip makers.
Cowen and Co. analyst John Barton said in a note to investors that he remained cautious on AMD, as the company has negative free cash flow and has given no indication of a significant change in strategy.

Labels: Advanced Micro Devices Inc., AMD

Erin Burnett began Friday's show talking with Paul Hickey about market correction. He said it is beginning to show signs of improvement. Earnings season is winding down, and the performance is usually around 3%. Market returns usually about 5x greater than in the off season. He talked about Cisco being an international company and they are doing pretty well.
Be Like Buffet: Erin then talked with Gerald Martin about Warren Buffet and his trading techniques. They did a study with Berkshire, which ended up beating the S&P averages. Buffet's Berkshire outperformed the market 28 of the last 31 years. Over 75% of Buffet's portfolio earnings are within 5 stocks. Erin recommended buffetwatch.cnbc.com as a reference point.
Erin came back discussing China's booming market, especially in the chemical sector. Frank Mitsch said that he does not believe China will be self-sufficient in chemicals any time soon. He believes less than 5% of demand in China is a result of the Olympics. Arch Chemicals will show large growth.
William Chiles: Bristow Group CEO was on the show. Bristow operates more than 500 helicopters that transport crews to oil rigs to 22 countries all over the world. He recently ordered 7 new Sikorsky helicopters for $100M. Their fastest growing areas are Southeast Asia and West Africa. Looking at the arctic, east Africa, and South America. Crude oil was at $94.85.
The Bond Report: Santelli discussed credit markets and their current rates. They have had the lowest yield closes in 32 months. Demand for treasuries is distorting the drop in rates.
Abu Dhabi announced an 8% stake in AMD, worth more than half a billion dollars. Should the US be worried? Alan Tonelson thinks it's a problem, because we don't have a good fix about international politics of Persian golf countries. Risk of AMD chips ending up in hands of rogue scientists. Todd Malan disagrees and thinks it's the same as buying stock in the open market. Some of these chips are involved in weapon design so burden of proof becomes an issue. US is exporting healthcare to Abu Dhabi. Dr. Cosgrove talked about Cleveland Clinic being involved in the first US hospital to go up in Abu Dhabi. It is a 15 year project attempting to keep people in UAE for healthcare. The doctors are only on one-year contracts with no tenure. It is a contract which does not put CC at risk. He said that healthcare is one of our top exports.
Stop Trading with Jim Cramer: Cramer discussed his retail trades. He said distinguish between companies with inventory and discounted inventory. JCPennys configured wrong. Cramer said Kohl's is a premium retailer that has done well. He said it will go to $60. Avon is at a 52-week high. Cramer said it is going up $3. Hewlett-Packard (HPQ) is a strong, very cheap stock. He said its upgrade is right on. His middle-east plays were Halliburton (HAL), which is one of his stocks of the year.
The Real "Friday Night Lights." Talked about high school football in Texas and the NBC TV drama. They discussed the huge demand for the season tickets and the price people are willing to pay for them. The "Dragons" have lost only 2 games in 6 years and draw in crowds of more than 11,000. Their playoff game will be played at the Dallas Cowboys stadium.
Erin finished the show talking about the booming middle-eastern market. She said 80% of the fortune 500 companies have involvement in Dubai.

Labels: AMD, Bristow Group, CNBC, CNBC's Stop Trading, Erin Burnett, HPQ, Jim Cramer, Santelli, Street Signs, street signs recap, Warren Buffet

Najarian: the weak dollar is bullish for technology stocks, which will benefit off of global growth. Finerman: buying S&P 500 and Russell put options to hedge her portfolio.Oil was above $83 again for the fourth record close in a row. Finerman suggests buying ConocoPhillips (COP). Najarian says to buy oil service stocks like Baker-Hughes (BHI), Halliburton (HAL) and Schlumberger (SLB).Word on the StreetGoldman Sachs (GS): Record numbers on Thursday. Najirian would sell on the news.FedEx (FDX): reported a 4% rise in profits, but cut forecasts. Macke thinks FedEx's problems are company-specific. He also reminded investors to never own a stock where the CEO blames the economy on a bad quarter, which FedEx did. Adami said Fed Ex isn't at the level he would buy, but it's getting close.Oracle (ORCL): traded up after hours on strong earnings and revenue. Macke thinks Oracle is a very good company hitting on all cylinders. Adami and Najarian like the acquisitions that Oracle has made recently.Cree (CREE) and Brightpoint (CELL): Najarian saw huge monster volume on the CREE September $35 calls and the CELL April $20 calls.Nike (NKE): reported bullish earnings and revenues after the close on Thursday. Finerman thinks the news gives a buy signal for Brown Shoe (BWS), which sells a lot of Nike shoes. Macke disagreed. Najirian says to watch Under Armor (UA), because if they are doing well than Nike will do well.PC Growth: Morgan Stanley raised PC growth forecasts by 4%. This adds momentum for technology stocks and will be bullish for Dell (DELL), Hewlett-Packard (HPQ), Apple (AAPL), Intel (IMTC), and AMD (AMD).Stem Cell: Najarian says the pure play in the stem cell space is Geron (GERN). For other big caps look at Celgene (CELG), Amgen (AMGN) and AstraZeneca (AZN).Dubai announced on Thursday a 20% stake in both the NASDAQ and London Stock Exchange. Higher oil prices have left the Gulf state flush with cash. Macke says look at Tiffany's (TIF) and Saks (SKS) and get ahead of the possibility of Dubai taking a stake in these firms. Adami says buy Fluor (FLR) and McDermott (MDR). Finerman would play the exchange names like NASDAQ (NDAQ), NYMEX (NMX), and NYSE (NYX).POPS & DROPSPOPS: Athenahealth (ATHN), Monolithic Power Systems (MPWR), Carnival Cruise (CCL), Motorola (MOT).Drops: CKE Restaurants (CKR), Pier One Imports (PIR), Lowe's (LOW), Infosys (INFY), Pacific Ethanol (PEIX).Face2FaceFirst writer said, "Lee Raymond, the former CEO of Exxon Mobil (XOM) has said that the price of oil shouldn't be $80 per barrel. If so, perhaps there is no "real" inflation at all. Finerman disagrees with the idea that speculators can control prices in the longer term.Another writer asked why EMC Corp (EMC) hasn't broken out of its current trading range, while VMware (VMW). Adami recalls that traders sold EMC to buy VMW, but those traders will be coming back to EMC. He expects EMC to go over $20.Final TradeMacke: Added to his position in Activision (ATVI).Adami: says buy Oracle (ORCL) as long as it stays above $20.50.Finerman: going long on BEA Systems (BEAS).Najarian: buy Sohu.com (SOHU)

Labels: AAPL, AMD, ATHN, AZN, CELL, COP, CREE, FDX, FLR, GS, NKE, ORCL, PEIX, SKS, SLB, TIF, VMW

It was supposed to be Advanced Micro Devices Inc.'s day Monday with the launch of its highly touted new server chip, but Intel Corp. swooped in and stole some of the headlines from its smaller rival with a boosted financial forecast.
Still, financially struggling AMD managed to have a good day on Wall Street after announcing the newest version of its Opteron server chip -- while Intel's news elicited a ho-hum reaction from investors.
Intel surprised Wall Street with a mid-quarter financial update -- a practice the company discontinued last year.
Intel added $200 million to the top of its financial outlook, saying it now expects sales of $9.4 billion to $9.8 billion in the current quarter. That compares with the previous forecast of $9.0 billion to $9.6 billion.
Analysts polled by Thomson Financial had expected revenue of $9.4 billion. Analysts said the announcement is good news for the microprocessor market, as it indicates higher demand -- which also likely is benefiting AMD.
Still, analysts said Intel's release also had the appearance of trying to slow some of the momentum surrounding the launch of AMD's newest chip. Intel shares slipped 12 cents on the news, to $25.35.
Source: Jordan Robertson, AP Technology Writer

Labels: AMD, Chip Makers, INTC, Technology

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
USANA Health Sciences July 45 Calls (NasdaqGS:USNA - News). USNA's PowerRating is 4.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Frontline Ltd. Aug 45 Puts (NYSE:FRO - News). FRO's PowerRating is 7.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Google Inc. Aug 560 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating is 5.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Research In Motion June 145 Puts (NasdaqGS:RIMM - News). RIMM's PowerRating is 7.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Advanced Micro Devices (NYSE:AMD - News). AMD's PowerRating is 5.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
American Electric Power (NYSE:AEP - News) . AEP's PowerRating is 6.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Bunge Ltd. (NYSE:BG - News). BG's PowerRating is 7.
PowerRatings are courtesy of TradingMarkets.com

Labels: AEP, AMD, BG, FRO, GOOG, RIMM, Stock Options, USNA