Wall Street to Main Street: News, Views and Commentary: May 22, 2006

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It is Monday Might 22, 2006, and it appears to be like just like the NYSE Group (NYSE: NYX) has taken the primary steps to changing into a really world market place as they’ve submitted a $10 billion supply to merge with Euronext. Such a merger would create the primary trans-Atlantic inventory market, valued at $21 billion. Whereas the Nasdaq (NASDAQ: NDAQ) has elevated their stake within the London Inventory Alternate to over 25% which can put them ready to drive a merger with the LSE. The world is getting smaller and the monetary markets are proper in the midst of it.

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Political Entrance

Vietnam is making headway as they’re searching for to turn out to be a part of the World Commerce Group. Their first step is the preparation to signal a commerce settlement with the US in June, this might be a primary step in them reaching their purpose of becoming a member of the World Commerce Group.

Despite the fact that Germany and China each agree {that a} diplomatic decision have to be attained within the Iran uranium enrichment scenario, Iran shouldn’t be open to options. They’ve adamantly said that they don’t seem to be solely going to proceed the enrichment however they intend to extend it on an industrial stage. This simply makes a tense scenario worse.

The U.S. Lawyer Basic Gonzales has commented that he believes that any journalist that publishes categorized data could possibly be prosecuted. What ever occurred the First Modification, if the federal government begins to dictate what can or can’t be reported on then how can journalist really be credible?, that is a query that the folks ought to convey to capital hill.

President Bush is pushing for congress to cross the immigration invoice, however many assume that the plan could do little or nothing to stop unlawful immigrants from crossing the Mexican border. I assume if there’s a will there’s a manner nevertheless it ought to cut back the makes an attempt.

Movers and Shakers

Some main movers in Fridays buying and selling session included Titanium Metals (NYSE: TIE) which traded up $4.06 to shut at $35.05, Western Digital (NYSE: WDC) which traded up $2.43 to shut at $21.70, Superior Micro Units (NYSE: AMD) a inventory that we’ve got featured on “Wall Avenue to Principal Avenue” as a inventory on the transfer, it traded up $3.60 to shut at $34.95 after a Dell (NASDAQ: DELL) deal was struck, Foot Locker (NYSE: FL) traded up $2.44 to shut at $24.58, British Airways (NYSE: BAB) flew upward because it traded up $5.61 to shut at $66.16, First Avenue Networks (NASDAQ: FRNS) traded up $2.93 to shut at $15.44, Marvell Expertise (NASDAQ: MRVL) one other inventory that we featured on “Wall Avenue to Principal Avenue” traded up $6.51 to shut at $56.22, Focus Media (NASDAQ: FMCN) which we talked about could also be seeking to have a presence within the Untied States and one suitor could also be Impart Media Group (OTCBB: IMMG) the inventory traded up $7.46 to shut at $69.18, Supertex (NASDAQ: SUPX) traded up $3.30 to shut at $39.91 and Darwin (AMEX: DR) traded up $2.76 to shut at $18.76.

Analyst Upgrades/Downgrades

Latest Analyst upgrades embody Microchip Expertise (NASDAQ: MCHP) which was upgraded to a Purchase from a Impartial by UBS, Mattel (NYSE: MAT) was upgraded to an Outperform from a Market Carry out by Ryan Beck & Co, United Parcel Service (NYSE: UPS) was upgraded to a Purchase from a Maintain by Stifel Nicolaus, Cypress Semiconductor (NYSE: CY) was upgraded to a Purchase from a Impartial by UBS and Digital Arts (NASDAQ: ERTS) was upgraded to an Outperform by Piper Jaffray.

Latest Analyst downgrades embody Ann Taylor (NYSE: ANN) which was downgraded to an Equal Weight from an Obese by Lehman Brothers, St Jude Medical (NYSE: STJ) was downgraded to a Maintain from a Purchase by Deutsche Financial institution Securities, American tower (NYSE: AIV) was downgraded to an Outperform from a Purchase to a Impartial by Merrill Lynch and Midwest Categorical (AMEX: MEH) was downgraded to a Market Carry out from an Outperform by Raymond James.

Analyst Protection Initiations embody Allegheny Power (NYSE:AYE) which was initiated with a Maintain score by AG Edwards, Alexandria Actual Property (NYSE: ARE) was initiated with an Beneath Carry out score by RBC Capital, Embarq (NYSE: EQ) was initiated with a Maintain score by AG Edwards and an Equal Weight score by Merrill Lynch and Formfactor (NASDAQ: FORM) was initiated with a Purchase score and a $47 worth goal by Citigroup Funding Analysis.

Tid Bits

Wal-Mart (NYSE: WMT) is exiting stage left from the aggressive South Korean market as they’ve agreed to promote its 16 shops to South Korea’s largest low cost retailer chain Shinsegae Co. for 825 billion received, or $882 million. Wal-Mart stated the choice to withdraw was a part of its world development technique.

Barron’s ran a function on Yahoo (NASDAQ: YHOO) over the weekend and said that Yahoo has a large viewers on-line at a time when advertisers are shifting to on-line advertising or rising their on-line advertising efforts. In addition they made point out of the truth that Yahoo has been overshadowed by Googles (NASDAQ: GOOG) success and this has led Yahoo to its 52 week low. There isn’t a doubt that Yahoo is reasonable at this level, it’s undoubtedly a $45 inventory disguised as a $29 or $30 inventory, however that might not be realized till they present their present efforts including to their backside line.

Final Week Residence Depot (NYSE: HD) introduced that they had been seeking to purchase a small financial institution known as EnerBank USA from CMS Power Corp. (NYSE: CMS). This acquisition would permit Residence Depot to problem uncollateralized loans to contractors to maintain the revenues flowing. That is one thing just like what Wal-Mart (NYSE: WMT) is making an attempt to do however on a distinct scale, you possibly can anticipate Lowe’s (NYSE: LOW) to comply with swimsuit within the close to future.

And the beat goes on…., extra corporations are being investigated within the ever rising inventory choices probe that we proceed to listen to about. The most recent to affix the celebration is KLA-Tencor Corp (NASDAQ: KLAC), they’re citing that again in 2001, that is proper they’re going again in time on all of those corporations, however again in 2001 the cite that KLA-Tencor issued inventory choices to their prime executives twice through the yr each on the shares low level for the primary and second half of the yr. In addition they add that the Chairman of KLA, Ken Levy acquired 10 inventory optin grants from 1994-2001 and all preceded current rises within the inventory worth. So I believe that Levy has a slight drawback now. One other added to the checklist was Boston Communications Group (NASDAQ: BCGI), as they be a part of the likes of Comverse Tech (NASDAQ: CMVT), UnitedHealth (NYSE: UNH) and others.

Microsoft (NASDAQ: MSFT) is tying in with Lenovo Group to supply pay as you go pc service to these folks dwelling in creating nations. They’re beta testing “FlexGo”, which is a pay per hour pc use service. They plan on launching this service in Brazil shortly and within the coming months increasing into Mexico, China, Russia and India. That is an effort on Microsoft’s half to get a powerful footing within the up and coming nations that may ultimately be customers of their merchandise. They’re nurturing a market that they are going to attempt to dominate within the years to return.

Since satellite tv for pc radio was launched, with Sirius Satellite tv for pc Radio (NASDAQ: SIRI) and XM Satellite tv for pc Radio (NASDAQ: XMSR) main the pack, you wanted to be plugged in to your property or automobile stereo system to make use of it. However XM has modified all that just lately as they launched the world’s first transportable XM Radio/MP3 Participant transportable gadget, it is known as “XM2go”, no pc is required You’ll now have the ability to take your XM radio with you to the health club, in your jog or on the bus or practice journey to work. Pioneer is the expertise firm behind the unit, and the unit is ready to work with Napster (NASDAQ: NAPS) and never the Apple (NASDAQ: AAPL) iPod. So corporations that ought to be checked out are flash reminiscence makers, as that is what drives the unit and never a tough drive. I ponder if Superior Micro Units (NYSE: AMD) will probably be supplying the chips.

FURIOUS FIVE

That is the Firstof our “Livid 5” corporations that we see excelling of their trade in 2006. The corporate to kick off this weeks “Livid 5” is Gymboree Corp (NASDAQ: GYMB) it trades on the Nasdaq beneath the image GYMB.

For our outlook, and different very important data on the businesses that we function because the “FURIOUS FIVE” on Wall Avenue to Principal Avenue simply subscribe for FREE at http://www.namcnewswire.com

We can’t stress sufficient that buyers have to do their due diligence, name the businesses, get the knowledge, seek the advice of along with your funding advisor and for those who should not have one contemplate getting one. Put the identical time into investigating these corporations as you do if you go to buy a brand new tv, it is solely on your safety. On the subject of thinly traded securities stagger your orders or put a restrict order in to keep away from a run up.

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Louis Victor

NAMC Newswire

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Source by Louis Victor

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