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October 19, 2010
Edited: October 19, 2010
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Peregrine Pharmaceuticals (PPHM)
shot up 15.2% yesterday after announcing an interim data report on Phase 2 trials for its brain cancer therapy.
Immunomedics (IMMU) was another pharmaceutical company on the move. It was awarded a new patent and saw share prices rise 10.4%.
Senomyx Inc (SNMX) works with food and beverage companies to develop new flavors. It had a savory gain yesterday, rising 12.6%.
Fresh Picked:
JediStockMaster thinks the force is strong with US Oil Fund (USO).
"Strong Buy. Crude Oil Cycles Up."
US Oil Fund
JediStockMaster's Profile
DKnight sees a royal opportunity with Regency Centers (REG).
"The 100 day moving average is up and the price has been above it for 32 days. The price broke through a 5 bar pattern and a consolidation pattern."
Regency Centers
DKnight's profile
SmallStk is riding the Union Pacific (UNP).
"Strong earnings growth, the price is moving up well, and a Zacks momentum play."
Union Pacific
SmallStk's profile
Buzz on the Blogs
MightyMo sees opportunity in tech stocks.
"As I said earlier, the Dow will climb to the 11000 area and then hit some resistance. However, the tech heavy Nasdaq 100 is up plenty today.
I said to get into Tech on Sept. 1. Get in on Sept 1 and sell your profits accordingly in the quarter. I always go for the index QQQQ (which is showing me a healthy profit so far), others who are averse to risk may select individual tech stocks.
The next big catalyst in the market will take place in November, the elections and also the Fed plan to stimulate the economy Part 2. However, it could be a rough time for the Dow in October, if so, would be a very nice buying opportunity." Read more..
Vet67to82 has high hopes for earnings season.
"We have over 100 Dow and S&P 500 companies reporting earnings all this week. The earnings reports, for the most part, are expected to be "better-than-expected".
What will propel the markets forward? Forward looking statements that express increased outlooks and raise expectations, contributing to analysts issuing increasing estimates and upgrades.
Clearly, no market analysis is complete without worrying about the Fed's actions. So, the question is: What are we willing to give up, to increase jobs, decrease unemployment, and get the USA manufacturing base and the economy back?" Read more...