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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Barron’s Summary May 28, 2011

    HedgeFundLIVE.com

    ·         Greece – Barron’s recommends a 50% haircut to Greek debt and urges policymakers to take action immediately.  Otherwise the country’s economy will continue to shrink and the consequences will only become more dire.  A 50% haircut now will avoid larger restructurings later.

    ·         Europe – a Greek debt restructuring would be painful but not catastrophic; Athens will prob. receive a maturity extension first and then a haircut in a couple yrs.  Portugal will prob. require a similar action.  The rest of the peripheral economies will prob. be able to muddle through.  The ECB will have to hit up its members for more capital.

    ·         TJX – the stock could top $60 in the 12 months as int’l expansion is stepped up and HomeGoods is grown further.

    ·         ECF Value Fund – interview – positive on Nortek (NTKS), FTK, CPRT, DDE.

    ·         PSMT – positive comments on the “Costco of the Caribbean” – growth is rising strongly; the co has a small store base w/a lot of opportunities ahead of it.  Margins and growth are faster than its US peers.

    ·         NTAP – pos. comments; says is an inexpensive play on the cloud (says RAX, CRM are expensive). 

    ·         4G wireless – investors are focused on stocks involved in 4G wireless, inc. AGO, NETL, and SQNS.

    ·         AMZN – the co will prob. become a larger force in the publishing industry.

    ·         YHOO – cautious comments; the stock is fully valued at current levels; talk w/Yahoo Japan on monetization are far from being completed; meanwhile there is added political risk w/Alibaba.

    ·         MOS – pos. long-term comments; valuation is cheap and the co has a robust balance sheet.  Many of the downside risks seem priced into the stock.  MOS could become a takeover candidate.

    ·         Ryanair – pos. comments; payments for new aircraft will fall substantially in ’13 and as a result cash flow will spike.  The co could earn 40% of its market cap in free cash flow in the next three years.  The co could start raising ticket prices.

    ·         Platinum, palladium – pos. comments on both; as the global auto industry starts to improve manufacturing, both metals could benefit.

    ·         FL – pos. comments; the stock could pull back a bit in the near-term but has upside to $30+ eventually.

    COME JOIN OUR LIVE BROADCAST MON-FRI 8AM – 5PM AT HEDGEFUNDLIVE.COM. PICK A CHANNEL AND GET CONNECTED.

    May 31 9:21 AM | Link | Comment!
  • Trade Alert: Cypress Semiconductor(CY)
    CY, fib retracement, support, resistance, moving average, bulish trend

    Chart of CY (Click to Enlarge)

    HedgeFundLive.Com

    CY traded up 3.78% on increase of average volume of 1.5. CY is trading near 52 weeks highs and is in a bullish trend. Currently the level of resistance is the 52week high of 23.93. Look for a breakout of this level on Tuesday’s trading session. Level of support is 21.46 the 61.8% retracement from the 52 week high to the low of 17.97. Aside from the fib retracement there is other data points around that area that act as good levels of support. Right now, the moving averages are indicating more of a bullish move. There is widening of the moving averages which is an indicator the stock will trend higher. Another indicator of the bullish trend is the stock closed near the highs of the day which shows there were buyers there going into the close. Look for the follow through move on Tuesday’s trading session and watch to see what happens at the 23.93 level.

    Come to Daytradewell.com to see more levels of support and resistance in our daily newsletter The Daily Technician 
    May 31 9:15 AM | Link | Comment!
  • Some Ominous signs of the market.
     Read a post on Yahoo! Finance today and thought it was interesting.

    1. End of QE2

    As we all know the $600 billion treasury securities buy up aiming to pump money into the economy has helped as the stock market rallied in the first 5 months. The QE2 is set to end at the end of June which is not very far away. It is hard to predict how this will affect the economy but it will definitely slow down our growth later this year.

    2. Stronger Dollar

    When I first read that I thought to myself, why is that a bad sign for the stock market? For months we talk about the weakening dollar and now we complain about the dollar strengthening? So I kept reading. So the dollar has strengthened in the past few weeks and most likely will continue to do so with the end of QE2. Some experts say that the weaker dollar makes products of multinational companies cheaper overseas, thus, increasing earnings and helped stock prices.

    3. Weak economic indicators

    For over a month, I’ve hear about this. Our economic numbers continuously fall short of analyst expectations except for inflation rates which is not the kind we are looking for. The first quarter GDP growth of 1.8% falls short of analyst expectation of 2.2%. The lower than expected economic growth rate will be reflected in the market.

    4. Seasonal factors

    Historically the market slows down between May and October, trading volumes trends down. Growth rate also slows from an average of 7.5% increase in the previous months to 0.4% from May to October.

    5. Treasury rate

    With QE2 coming to an end, people are expecting an increase in Treasury yields but instead the opposite has happened. The treasury yields has decreased from earlier this year. It is a sign that investors are looking for safer investments.

     

    PS. Starting my internship at LIU next Tuesday and I am excited, it’s going to be Legen… wait for it… dary! Sorry, been catching up on a little How I met your mother. Great show.

    May 31 9:12 AM | Link | Comment!
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