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The Oxen Group is a financial analysis and investment opportunities newsletter-based website run by financial analyst David Ristau and features several other traders. Ristau and team have been working in stocks for several years and has developed a knack for identifying winning short-term and... More
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  • Research in Motion Looking Bright for Friday

    Tomorrow, one sector that looks bullish is the smart phones. Extremely bullish earnings came out for Palm Inc. yesterday with the stock reporting higher earnings than expected, as well as, much higher revenue. The company reported an EPS of -0.40, compared to The Oxen Group's expectations of an EPS of -0.64. The company released the Pre after the quarter, and these numbers are very positive going into the Pre selling season. Further, tech news was bullish from Accenture Ltd., the technology information company that reported positive earnings. Even Micro Technologies beat estimates. With little economic data coming out tomorrow, besides personal spending reports, which are not expected to be market movers. The news of Palm should help move the market, tomorrow. Additionally, the crucial KB Homes earnings that could follow the positive earnings of Lennar Corp., could help the market move positively if they have positive earnings. To play the Palm earnings, The Oxen Group is recommending Research in Motion Ltd. (RIMM) The company should benefit from the positive tech smartphone news, in the same way that Palm and Apple moved up significantly from the positive RIMM earnings last Friday. Research in Motion should not be adversely affected by the fact that Palm is gaining ground in the very short run. In the long run, it does hurt the stock, but with the tech running up tomorrow, RIMM will be moving. The technicals on RIMM are perfect for a move tomorrow. The stock is near a lower bollinger band, it is oversold after moving up on its positive earnings, and it is extremely undervalued on RSI. Look for a big move.

    Read the entry, exit, and upper resistance at theoxengroup.com

     
    Tags: BBRY, AAPL, PALM
    Jun 26 1:34 AM | Link | Comment!
  • FAZ Selected as Buy of the Day

    Tomorrow, the market looks bearish, in The Oxen Group's opinions. Tomorrow, jobless claims will be coming out, which are supposed to be down 3,000 from last week, after they rose 3,000 last week. It just does not appear that will happen tomorrow, which will be a bearish indicator. Further, after the Fed report, the market gave up all earnings, making us believe that the market priced in gains earlier in the market and gave up earnings after that. Futures are up an extremely high amount, but in after hours, we saw Nike and Monsanto report weak earnings. To make matters worse, GDP numbers come out tomorrow. Another signal of just how weak our economy is currently. In the financial sector, Bank of America, one of FAZ's holdings, will be headed into court tomorrow with the Fed under investigation. Not bullish for anyone! And, the Oracle of Omaha said he doesn't see any "green shoots." With the market looking to make a move up and be pulled down, FAZ should be a solid pick up for a nice price and move up from there. The market will definitely move down and give up any gains as the bearish market sets in. FAZ is a bit undervalued after some recent movement downwards, but the fundamentals of the finance sector are such that they should move down tomorrow. Slow stochastics are moving up, showing that the financial bear market looks to be moving up. The final bit of news that is bearish for the financials is that Chase is raising fees on transfers. Overall, however, the Fed rally will not last and with what we expect to bearish news, FAZ should be a perfect inverse play.

    See more at theoxengroup.com

     
    Jun 25 10:14 AM | Link | Comment!
  • Analog Devices is a Buy for the Day on Positive Isil News

    Yesterday was interesting. Tomorrow, the important home sales and beginning of the FOMC meeting will definitely be market movers. Investors are looking optimistic about the Fed's meeting because the Fed believes the recession will end this late summer, and it should take actions this week that reiterate that feeling. That is why The Oxen Group is somewhat bullish for tomorrow. Additionally, we like the news coming from Isil Corp., in after hours. The company announced that they were raising their revenue guidance from $123-$132 million to $145-$148 million. The company has seen an increase in demand for their products. This should be nice news for all broadline semiconductor companies, including competitor Analog Devices Inc. (ADI). Isil rose 6% in afterhours, which signals that the stock will pop tomorrow, hopefully bringing up ADI. Additionally, ADI should receive some general tech buzz from the Oracle earnings that are coming tomorrow afternoon about which analysts are bullish. Further, futures on the NASDAQ are currently neutral, as investors are looking for data and news to direct the market tomorrow. The real key to ADI's ability to move up, though, is its technicals. ADI is heavily oversold, and it has moved down 5/7 days. It is very near a lower bollinger band and even slightly undervalued. This means that a lot of buyers could reenter the stock with the bullish broadline semiconductor news coming from Isil. Additionally, investors may be cautious at the start of the day after yesterday's movement and a great price to buy in is very possible. Look for ADI to move up with a possible tech rebound.

    Entry: Enter 5-20 minutes into day.

    Exit: On 2-4% increase from buyin price.

    Resistance: Upper is 25.00

     
    Jun 23 1:48 AM | Link | Comment!
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