It’s Tuesday April 25, 2006, and Congress is back in session, on tap this week for Congress includes the Immigration bill and oil. Senate Majority Leader Bill Frist and House Speaker Denny Hastert, both Republicans, have called for an oil industry probe.
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In Nepal the tension has been relieved at least for now as King Gyanendra announced on television that he would reinstate the nations parliament. On that news a mass celebration broke out in Kathmandu.
The countdown continues, as the United Nations Security Council may slap sanctions against Iran if they do not cease their venture into nuclear power and enriched uranium. Both India and China urge for a diplomatic approach as any force against Iran may grow into a larger issue. Iran stated that if sanctions are imposed against the country that they will cease cooperating with the UN nuclear watchdog. This may lead to Iran dropping out of the Nuclear Nonproliferation Treaty and could have an impact on the oil supply coming out of Iran.
Movers and Shakers
Some major movers in Monday’s trading session include Carpenter Technology (NYSE: CRS) which traded up $12.53 to close at $123.55, U.S. Airways (NYSE: LCC) which traded up $$4.17 to close at $41.90, Industrial Services of America (NASDAQ: IDSA) Which came close to a double , it traded up $4.02 , over 80% to close at $8.99, National Coal (NASDAQ: NCOC) traded up $2.06 to close at $10.13, Ballard Power (NASDAQ: BLDP) traded up $2.24 to close at $12.50, Foundation Coal Holdings (NYSE: FCL) traded up $4.10 to close at $52.10, Empire Resources (AMEX: ERS) traded up $4.21 to close at $45.20 and TravelZoo (NASDAQ: TZOO) had another roaring up day as it traded up $6.00 to close at $50.35, now TravelZoo just 8 days ago was trading in the $20 range and the short squeeze keeps pushing the stock to new highs..
Caterpillar (NYSE: CAT) rips through 1st quarter projections as the heavy machinery company announced that their profit rose 48% to $1.20 a share, this pounded the analyst estimate by a good 20 cents. The company still has more growth both in the United States and overseas as China and India continue to grow and the U.S. rebuilds New Orleans and other parts of the nation.
TD Ameritrade (NASDAQ: AMTD) beat the analyst estimate be a penny as they announced earnings of 22 cents up over 29% from the same time a year ago. But they implemented a price restructuring that reduced their flat fee by a buck to $9.99. some analyst feel that this will take a nice chunk out of their future earnings. Another stock to keep close tabs on in the online brokerage arena is E-Trade (NYSE: ET) as it powers up in 2006.
Rambus (NASDAQ: RMBS) zooms up as they receive a favorable ruling in a patent litigation case. The California court ruled that the Korean chipmaker Hynix infringed on over 10 patents owned by Rambus.
Sun Microsystems (NASDAQ SUNW) CEO Scott McNealy has announced his resignation from the company after a 22-year stint. This could wind up to be a turnaround situation that investors have been looking for and maybe it will generate a newfound energy into the company that it desperately needs. He will be replaced by Sun’s current president Jonathan Schwartz, and McNealy will continue as the Chairman of the Board. Certain analyst have jumped on the bandwagon and upgraded the stock from a hold to a buy, which it just may be at this point.
This is the second of our “Furious Five” companies that we see excelling in their industry in 2006. Our second addition to this week’s Furious Five is OmniVision Technologies (NASDAQ: OVTI) it trades on the Nasdaq under the symbol OVTI.
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We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.
NAMC Newswire Note
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