Beacon Equity: Penny Stocks, Stock Alerts » Dave Goodboy http://www.beaconequity.com Breaking news on penny stocks and actionable penny stock picks and penny stock alerts delivered to your inbox weekly. Sun, 05 May 2013 15:41:20 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Wall Street Watcher & 5 Hot Stocks for Thursday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-19-2011-08-31/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-19-2011-08-31/#comments Wed, 31 Aug 2011 20:33:03 +0000 Dave Goodboy http://www.beaconequity.com/?p=26209 Stocks closed higher on Fed stimulus hopes and better than expected Factory Order numbers. However, the Obama Administration’s nixing of the ATT (NYSE: T) and Tmobile deal sent telecommunication shares skidding lower on the session.  Friday’s job data will paint a clearer picture of the economy. Meanwhile, the world’s eyes are on September’s Fed meeting with speculation of additional stimulus announcements giving fuel to the bulls.

Here are 5 Hot Stocks for Thursday

Charming Shoppes (Nasdaq: CHRS) A before the bell loss of $(0.01) awaits investors in the retailer. Shares are higher by more than 2%.

Movado Group (NYSE: MOV) $0.04 is the forecast number for the wrist watch company prior to trading. The stock is flat.

CIENA Corp (Nasdaq: CIEN) The networker expects a loss of $(0.21) before the opening bell. Shares are lower by more than 4%.

H&R Block (NYSE: HRB) An after the close loss of $(0.39) is slated for the tax preparation company. Shares are flat.

DryShips (NYSE: DRY) The bulk shipper drastically missed estimates sending shares lower by more than 10%.

]]> http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-19-2011-08-31/feed/ 0 Wall Street Watcher & 5 Hot Stocks for Wednesday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-wednesday-19-2011-08-30/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-wednesday-19-2011-08-30/#comments Tue, 30 Aug 2011 23:07:30 +0000 Dave Goodboy http://www.beaconequity.com/?p=26180 A weak consumer confidence reading sent shares into negative territory for a portion of the trading day. However, positive news from Boeing (NYSE: BA) regarding aircraft orders triggered buying. The bullish sentiment resulted in the major indexes closing positive on the day despite the dire confidence reading.  Word that the Fed considered more stimulus in August added to the bullish fervor. ADP Employment, Chicago PMI and Factory orders should keep things interesting on Wednesday.

Here are 5 Hot Stocks for Wednesday

Zales (NYSE: ZLC) Investors in the jewelry retailer are hoping that its loss does not exceed the expected ($1.12) before the opening bell. Shares are flat.

Joy Global (Nasdaq: JOYG) $1.51 is slated for the mining equipment maker prior to trading. The stock is higher by more than 2%.

Coldwater Creek (Nasdaq: CWTR) The retailer has forecast a loss of $(0.16) after the close. Shares are fractionally higher.

Barnes & Noble (NYSE: BKS) Shares of the book seller soared more than 13% after a stellar Nook book reader sales forecast.

8X8 Inc (Nasdaq: EGHT) The Web based telecommunication company is riding a wave of positive press yet shares are only slightly higher.

]]> http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-wednesday-19-2011-08-30/feed/ 0 Greece: is the Worst finally Over? http://www.beaconequity.com/greece-is-the-worst-finally-over-2011-08-30/ http://www.beaconequity.com/greece-is-the-worst-finally-over-2011-08-30/#comments Tue, 30 Aug 2011 13:55:15 +0000 Dave Goodboy http://www.beaconequity.com/?p=26166 Greece is a beautiful place. The island nation is home to unbelievable beaches, great restaurants and definitely some of the best looking women on earth. Economically, however, it’s a far different story. The countries free spending ways sent its financial system into a tailspin.  Bail out after bail out seemed to be only a temporary fix.  Each “helping hand” from the international community was meant to spur enough economic activity to be self sustaining thus slowly lift the economy from its dire straits.  However, it never happened, until now.

Greek banks Alpha and EFG Eurobank announced a merger on Monday. Neither one of these institutions trade in the U.S., but shares rocketed by more than 30% once the announcement trading halt was lifted. U.S. traded ADR National Bank of Greece (NYSE: NBG) followed suit soaring by more than 40% on the merger news.  The banking operation has a presence in Turkey, the United Kingdom, South Eastern Europe, Cyprus, Malta, Egypt and South Africa. As of December 31, 2009, it operated 575 branches, one private banking unit, one unit for financial institutions, and 10 specialized banking units, and 1500 ATMs. The company was founded in 1841 and is headquartered in Athens, Greece.

The optimism of the bank merger lifted financial shares worldwide. It also worked to send other Greek company stocks higher.  Could this be the spark needed to finally save the Greek financial issues? Time will tell, but it’s a solid step in the right direction.

]]> http://www.beaconequity.com/greece-is-the-worst-finally-over-2011-08-30/feed/ 0 Wall Street Watcher & 5 Hot Stocks for Monday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-monday-18-2011-08-26/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-monday-18-2011-08-26/#comments Fri, 26 Aug 2011 21:18:38 +0000 Dave Goodboy http://www.beaconequity.com/?p=26124 The stock market laughed in the face of the pending Hurricane Irene strike on New York City by climbing sharply on the session.  Positive words from Bernanke’s Jackson Hole speech fueled the rally despite a topsy turvy trading day.  He stated that long term economic prospects for the United States remain on track despite not adding any additional stimulus.  Pending Home Sales and Personal Income hit the wire on Monday.

Here are 5 Hot Stocks for Monday

Winn Dixie Stores (Nasdaq: WINN) The grocery chain expects to see $0.08 after the closing bell. The stock is flat.

China Cord Blood (NYSE: CO) $0.05 is the forecast number for the Chinese stem cell company when trading ends. Shares are slightly higher.

Casella Waste Systems (Nasdaq: CWST) Reporting after the market closes, the waste company has analysts awaiting a $(0.16) loss. The stock is trading up by over 2%.

Energy Conversion Devices (Nasdaq: ENER) A wider than expected loss sent shares lower by more than 7% in the photovoltaic company.

Bank of America (NYSE: BAC) News of a huge investment from Warren Buffet and word of a pending Chinese bank sale lifted shares about 1%.

]]> http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-monday-18-2011-08-26/feed/ 0 Pandora gaining Traction, finally! http://www.beaconequity.com/pandora-gaining-traction-finally-2011-08-26/ http://www.beaconequity.com/pandora-gaining-traction-finally-2011-08-26/#comments Fri, 26 Aug 2011 14:28:26 +0000 Dave Goodboy http://www.beaconequity.com/?p=26107 PADORA (NYSE: P) is a really cool service. It’s an Internet radio broadcaster that builds personalized radio stations based on the “genetic code” of music one enjoys.  The service utilizes the Music Genome Service as its musical taste matching system. Basically, a program, built by serious music geeks and computer experts, that breaks songs down into their core components finding similarities to what the listener already likes.

It is an advertiser driven/subscription revenue model and the company recently went public to low expectations on the Street.  However, PANDORA just reported second quarter earnings that beat analyst’s estimates. Revenue soared 117% to $67 million. Adjusted Net Income climbed from $2.6 million to $3.3 million. Perhaps, most critically, its user base continues to grow.  The company reports 37 million users in the second quarter to its free service. This means that Pandora has captured 3.6% of all U.S. radio listeners. The positive news has sent shares sharply higher.

Joe Kennedy, CEO/president stated in a press release, “PANDORA is personalizing radio — and consumers are enthusiastically embracing the dramatically better experience. At the same time, advertisers continue their adoption of PANDORA’s multi-platform ad solutions, resulting in our 6th consecutive quarter of year-over-year triple digit revenue growth. In addition to continued high growth in Web revenue, PANDORA’s mobile advertising revenue for the first time comprised approximately half of total advertising revenue as we lead the way in the nascent but fast growing mobile advertising market. PANDORA continues to grow our market share of U.S. radio as we fundamentally transform one of the last forms of traditional media.”

While the bottom line is improving for the creative service, competition is nipping at its heels.  Sweden’s Spotify is the latest threat to PANDORA. Spotify has a much larger library to draw upon and is getting rave reviews from users.  Time will tell how PANDORA handles the threats to its business model.

]]> http://www.beaconequity.com/pandora-gaining-traction-finally-2011-08-26/feed/ 0 Wall Street Watcher & 5 Hot Stocks for Friday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-friday-17-2011-08-25/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-friday-17-2011-08-25/#comments Thu, 25 Aug 2011 21:43:26 +0000 Dave Goodboy http://www.beaconequity.com/?p=26102 A report indicating job weakness and German economic worries led to a sharp sell-off in the stock market. Anticipation for  Bernanke’s Jackson Hole speech on Friday added to the overall trepidation of the session.  Financial stocks were buoyed by Warren Buffet’s $5 billion investment in Bank of America. GDP and Michigan Sentiment hit the wire on Friday.

Here are 5 Hot Stocks for Friday

Tiffany&Co (NYSE: TIF) The jeweler reports before the bell with an expected number of $0.69. Shares dropped about 1%.

Frontline Ltd (NYSE: FRO) A loss of $(0.39) is forecast prior to trading for the oil tanker company. The stock fell more than 4%.

A123 Systems (Nasdaq: AONE) The battery company surged more than 10% on news of a lucrative contract.

Apple (Nasdaq: AAPL) CEO Steve Jobs stepped down resulting in shares selling off about 1%.

Bank of America (NYSE: BAC) The struggling bank surged more than 11% on word the Warren Buffet is investing $5 billion.

]]> http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-friday-17-2011-08-25/feed/ 0 Steve Jobs is Immortal, Don’t Worry! http://www.beaconequity.com/steve-jobs-is-immortal-dont-worry-2011-08-25/ http://www.beaconequity.com/steve-jobs-is-immortal-dont-worry-2011-08-25/#comments Thu, 25 Aug 2011 14:51:46 +0000 Dave Goodboy http://www.beaconequity.com/?p=26083 In Hollywood they say that immortality is based on how many people remember you after you go into the great hereafter. If this is the case, Steve Jobs may have actually achieved this ultimate goal of mankind. Not to mention his apparent super human strength surviving a nasty disease that would have killed or at the very least forced a permanent retirement on an ordinary human being.  It’s clear that surviving cancer certainly had something to do with his being a billionaire thus able to afford and access the latest medical procedures. However, returning to the helm of Apple (Nasdaq: AAPL) in a physically weakened state, but hyper creative and energized mentally was truly remarkable.

Now that this visionary corporate leader has decided to step down from his role as the leader of Apple, what will become of the cutting edge innovative company? History tells us that when a powerful leader leaves a company it’s not a good thing. Examples abound. Just take a look at Microsoft’s (Nasdaq: MSFT) chart after Bill Gates stepped down. Going even further in the past, Henry Ford’s departure from the helm of Ford (NYSE: F) and Sam Walton leaving Wal-Mart (NYSE: WMT) did not bode well for the companies. However, it’s important to remember that Jobs will remain chairman of the board.  Of course, this is primarily a symbolic position, but don’t be surprised if Jobs’ ideas and energetic spirit remain at the forefront of corporate leadership.  His successor, Tim Cook, is a competent leader but he definitely lacks the charismatic power of Jobs.

Knowing the forward thinking nature of Steve Jobs, it’s possible that he has long-term plans already in place for Apple. Maybe something similar to Ray Kroc and his multi decade guide for the real king of burgers, McDonalds (NYSE: MCD).  While this is strictly speculation, if it’s the case, not much is going to change at Apple. Steve Jobs will truly be immortal, don’t worry!

]]> http://www.beaconequity.com/steve-jobs-is-immortal-dont-worry-2011-08-25/feed/ 0 Wall Street Watcher & 5 Hot Stocks for Thursday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-18-2011-08-24/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-18-2011-08-24/#comments Wed, 24 Aug 2011 21:48:44 +0000 Dave Goodboy http://www.beaconequity.com/?p=26063 Gold was crushed today, plummeting more than 5%.  Investors decided to take profits after the parabolic rise.  A solid increase in durable goods orders squelched fears of a pending recession, which sent stocks sharply higher on the session.  Builders and banks surprised positively with earnings and positive analyst statements. Initial Claims numbers hit the street on Thursday as well as a handful of corporate earnings.

Here are 5 Hot Stocks for Thursday

Sanderson Farms (Nasdaq: SAFM) The chicken company expects a fat loss of $(0.79) prior to trading. Shares are flat on the session.

Hormel Foods (NYSE: HRL) $0.35 is the forecast number for the meat company before the opening bell. The company is trading slightly higher.

Big Lots (NYSE: BIG) The retailer has its sights set on $0.45 prior to the opening of trading. Shares are flat.

Krispy Kreme Donuts (NYSE: KKD) Reporting after the close, the once high flying purveyor of donuts has analysts expecting $0.06. The company is trading higher by 2%.

dELIA*s (Nasdaq: DLIA) A $0.26 loss is in the cards for the clothier after the close. The company is trading lower by 2%.

]]> http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-thursday-18-2011-08-24/feed/ 0 Gold: Time to Buy? http://www.beaconequity.com/gold-time-to-buy-2011-08-24/ http://www.beaconequity.com/gold-time-to-buy-2011-08-24/#comments Wed, 24 Aug 2011 14:33:23 +0000 Dave Goodboy http://www.beaconequity.com/?p=26047 Gold has gone absolutely parabolic on its climb higher.  Bursting above its 50-day moving average at the start of July, the precious yellow metal has pushed to $1917.90 per oz prior to pulling back. This sharp increase in price has triggered pundits in both the bullish and bearish camp to go into a frenzy of speculation. The bulls point toward the turmoil in the underlying world economy as evidence that $2000 per oz by the end of 2011 is a given. While the gold bears talk about how over extended price is and that it’s due for a severe pullback. Well, which camp makes the most sense? They both have valid points so let’s take a closer look at both the bull and bear case for the future of gold.

First, let’s start with the bearish case. The bears have a very valid point when they point out that commodities never go straight up. In fact, they often don’t go up at all. Gold was on a flat to downward trajectory for many years. Unlike the stock market, there is no inherent upward drift in commodities, gold included. If you look at gold from this perspective, there is no question that a dramatic pull back is in the cards and soon!  Is the $63 per oz drop from the recent highs the start of this pull back? No one knows for sure, but if it is, the next technical support is at $1750 per oz.  Bears also point to the fact that economies no longer need gold to function and that it’s an outdated means of exchange in the modern digital world. Not to mention that Central Banks will be forced to sell off their gold reserves to pay the crushing debts of their economies. While these reasons for gold to drop all make sense, the bullish case is also strong.

Bulls point out that a major structural shift in economic stability is taking place. This shift will force investors to continue to buy gold.  This is not just the average investor the bull camp is talking about. They mean the Central Banks and other large institutions will continue to purchase gold as security from the turmoil.  In fact, the bulls point out that Central Banks are unlikely sell gold to pay debt.

Peter Richardson, chief metal economist for Morgan Stanley Australia explained to Bloomberg, “You sell off your one asset that really would produce a major bang for your buck, and what happens is 12 months down the track, you find that your debt position is still deteriorating. You don’t then have the asset backing in the form of a high gold price for your reserves to bolster your creditworthiness.”

Both bulls and bears make a strong case for the future price of gold. What’s actually going to happen? No one knows for sure, but what ever happens, its going to be interesting!

]]> http://www.beaconequity.com/gold-time-to-buy-2011-08-24/feed/ 2 Wall Street Watcher & 5 Hot Stocks for Wednesday http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-wednesday-18-2011-08-23/ http://www.beaconequity.com/wall-street-watcher-5-hot-stocks-for-wednesday-18-2011-08-23/#comments Tue, 23 Aug 2011 20:00:46 +0000 Dave Goodboy http://www.beaconequity.com/?p=26037 Not even an earthquake and a pending East Coast hurricane could stifle the bull’s enthusiasm today. Stocks soared on anticipated economy positive words from Fed Chairman Ben Bernanke this Friday. Technology stocks led the advance with financial shares following suit, despite additional fears from Bank of America (NYSE: BAC).  Durable Orders and Crude Inventories should add some color to Wednesday’s financial action.

Here are 5 Hot Stocks for Wednesday

Toll Brothers (NYSE: TOL) McMansion building specialist reports before the bell with a forecast number of $0.03. Shares are flat on the session.

American Eagle Outfiter (NYSE: AEO) $0.11 is the expected figure for the clothier prior to trading. The company is trading higher by more than 3%.

Applied Materials (Nasdaq: AMAT) The semiconductor company announces after the close with analysts projecting $0.33. Shares jumped nearly 5%.

Tivo Inc (Nasdaq: TIVO) A $(0.20) loss awaits investors in the digital TV recording company after the closing bell. The stock soared more than 5%.

Focus Media Holdings (Nasdaq: FMCN) The Chinese digital media company spiked more than 7% on strong earnings.

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