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December 14, 2010
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This week's podcast features tickers MGIC, NSTC, CKSW, PH, SOLR, FE and posts by InTheMoneyStocks, JoeCole and others.
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Magic Software Enterprises (MGIC) 
holds the market in its spell, jumping 16% yesterday on news it would acquire a controlling interest in its South African distributor. The magic continues this morning, with another 4% increase.
Ness Technologies (NSTC) is similarly soaring. It rose 13% in yesterday's trading, and another 4.4% this morning. The Israeli software developer is rumored to be the target of a purchase bid at 50% over its current market capitalization.
Traders are clicking "BUY" for ClickSoftware Technologies (CKSW). The Massachusetts company has landed significant orders for its customer service solutions. After yesterday's 3% gain, it's up another 4.3% this morning, for a 34.6% gain in the past 6 months.
Fresh Picked:
SmallStk likes the industry, fundamentals and momentum behind Parker Hannifin (PH). "Solid industrial company whose price is moving well in the past 3 months. Also a Zacks Strong Buy."
Parker Hannifin
SmallStk's Profile
WallStreeter sees a bright future for GT Solar (SOLR). "Might be a takeover candidate."
GT Solar
WallStreeter's profile
Havoc356 charges with First Energy (FE)."An electric company well positioned to grow, with electric cars the wave of the future. Plus, it will recover from the recent correction."
First Energy
Havoc356's profile
Buzz on the Blogs
InTheMoneyStocks calls the European economies a "Horror Show."
"The Spanish 10 year bond yield soared higher after a bond auction this morning, Even as the European Central Bank vowed to perform their own version of bond purchases. Portugal, Belgium, and Italy, are now next in line for bailouts.
Today all eyes will be on the Federal Reserve Bank. The Fed is expected to keep the Fed funds rate unchanged. The important overnight lending rate to the large major banks has been at zero percent since December 2008. This has basically given the banks free money while they invest in bonds, stocks and operate a credit card business charging an average of 17.0 percent to customers.
Many customers of the major banks are now outraged that they receive very little interest on the savings accounts they have with these banks. The statement by the Fed this afternoon could cause a short term reaction in the stock market."
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InTheMoneyStocks's blog
InTheMoneyStocks's profile & picks
JoeCole thinks the market may be running out of steam.
"I'm not officially calling a top in the market now, but just recognizing that it could be based on a couple of extreme indicators. I won't necessarily sell based on this so lets just say I don't have a large appetite for risk right now.
First the ISEE sentiment index is at an all-time high going back as far as I can track to 2006. For those of you not familiar with this indicator, it is similar to the put/call ratio, only inverse, and in my opinion a more accurate measure of options sentiment. In any case, it's astronomically high right now.
The next indicator is the NYSE Bullish Percent index. The indicator is at 78% (historically, extended markets are above 70%). Plus, the NYSE makes a new high, yet the bullish percent for NYSE does not. This means that when the market makes a new high, it is with fewer and fewer stocks each time."