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  • Small Caps FREE, CRNT, NM and MAIL Gain on News and TRGT Posts 115% Rise  0 comments
    Jul 15, 2009 2:10 PM | about stocks: CRNT, NM, FREEF, STO, PERI, CBIO

    The Bulls Rule the Day.

     

    The bulls are back in the running today on good news about several major items: healthcare proposals have passed in the House and in one of two key committees in the Senate; factory production dipped in June, but not as much as what was expected; and tech giant Intel (NASDAQ:INTC) posted some solid earnings.

    With summer reaching its mid-way point, I believe investors are gearing up for the fall rally and building the costs of 'buying' for their portfolios into their allotments right now. The cash, sitting on the sidelines today, is being theoretically spent on the upcoming autumn surge.

    Good.

    There are two stocks today that I would like to begin with (briefly) if only to sound my own trumpet. On July 8, I brought Targacept Inc., (TRGT) http://www.targacept.com/ to your attention as a bio-pharma company on the move and on news today that its depression drug had achieved mid-stage goals in trials, the stock shot up 115% (picking up $3.56 of its current $6.65 price) in early trading. On July 1 and again on July 10, I brought IncrediMail Ltd., (MAIL) http://www.incredimail-corp.com/ to your attention and even though its had a drop in the last month, the rebound today of 7% on news of a new board director has reminded buyers of the strong Google (NASDAQ:GOOG) alliance that MAIL has at the root of its business.

    Now onto some fresh stocks moving in the Small Cap markets today...

    Jumping 22% in early trading and picking up $0.64 of its current $3.55 is Brigham Exploration (BEXP) http://www.bexp3d.com/ trading on the Nasdaq with a new market cap of $165 million. BEXP's 3-Month average daily trading volume is 1,742,810 shares and it surpassed 2,900,000 shares traded within hours of the opening bell.

    All the enthusiasm was simple. Yesterday, BEXP announced that its Strobeck 27-34 #1H well produced approximately 2,021 barrels of oil during its early 24 hour flow back period. Whenever wells produce more than expected, oil stocks rise.

    BEXP engages in the exploration, development, and production of oil and natural gas reserves in the Rocky Mountains, Onshore Gulf Coast, Anadarko Basin, and in West Texas. BEXP holds property interests in the Powder River Basin located in Wyoming and holds property interests in the Onshore Gulf Coast consisting of the Vicksburg trend in Brooks County, Texas; Miocene and Upper Oligocene trends in Southern Louisiana; and the Frio trend in and around Matagorda County, Texas.

    At $3.55, BEXP is far-off its 52-week high of $17.62 set one year ago today and is above its 52-week low of $1.04 set on 03-02-09. At $3.55, it is above both its 50-day and 200-day moving averages with trailing twelve month revenues of $108.56 million. It shares out versus float ratio is near-parity.

    At $3.55, if BEXP can squeeze out a little more oil from its holdings here and there, and make it public for investors, it could break that $4.50 threshold it has been sitting under.

    A 3-MONTH CHART ON BEXP

    All boats rise with the rising tide...

    FreeSeas Inc., (FREE) http://www.freeseas.gr/ picked up over 8% on the open adding $0.17 to its current $2.27 price on the Nasdaq and setting a new market cap of $48 million. FREE has a 3-Month average daily trading volume of 442,572 shares and was near that amount two hours into the session.

    After the bell on Monday, Navios Maritime (NYSE:NM) announced that it will be adding four new Capesize vessels to its fleet at an aggregated cost of about $324.5 million. Even though NM is a Big Cap shipper, when fleets start growing, time to think about investing and on Monday, FREE, a transporter of dry-bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, announced that it had successfully obtained charter hire for three of its vessels, the Free Hero, the Free Destiny, and the Free Knight.

    FREE transports various dry bulk commodities, including coal, grains, and iron ore, as well as bauxite, phosphate, fertilizers, steel products, sugar, and rice worldwide. At $2.27, FREE is below its 52-week high of $7.18 (a good buy signal) and well above its 52-week low of $0.52. At $2.27, it is below its 50-day moving average of $2.55 and above its 200-day moving average of $1.61 (another good buy signal). Free has trailing twelve month revenues of $75 million and trailing twelve month EPS of $1.18.

    With an industry only lagging behind the S&P 500 by 2% last month, the signals that world shipping is once again on the move, speaks to the recession as a whole. I like FREE and NM because they are Small Cap stocks that have world wide shipping operations. Think about it.

    As an FYI, Navios Maritime (NM) http://www.navios.com/ also opened strong today gaining 5% and picking up $0.18 of its current $4.41 on the NYSE. NM has a new market cap of $440 million and a 3-Month average daily trading volume of 1,818,840 shares. Think about it.

    3-MONTH CHARTS ON FREE AND NM

    And now for something completely different...

    Continuing its steady upward climb in value, Ceragon Networks LTD., (CRNT) http://www.ceragon.com/ picked up 6% today, adding $0.41 to its current $7.23 on the Nasdaq. On news today, CRNT announced that it has signed a multi-year global supply agreement with the Hutchison 3 Group, a leading global player in the 3G telecom arena.

    CRNT trading volume soared to 226,967 shares traded (at the time of this writing) quickly bypassing in early trading its 3-Month average daily trading volume of 158,005 shares.

    CRNT products include: FiberAir IP-10/IP-MAX-G, a high-capacity Ethernet used in WiMAX backhaul, metro area networks, and private networks; and FiberAir 3200T, high-capacity circuit-switched Ethernet, which is used in metro area networks and long distance networks. CRNT serves WiMax carriers, wireless ISPs, incumbent local exchange carriers, wireless service providers, businesses, and public institutions through a direct sales force, systems integrators, distributors, and original equipment manufacturers in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

    At $7.23, CRNT is below its 52-week high of $9.51 set on 09-08-08 and far above its 52-week low of $3.90 set on 03-30-09. At $7.23, CRNT is above both its 50-day and 200-day moving averages. CRNT has trailing twelve month revenues of $214 million and its shares out versus float ratio is near-parity.

    A 3-MONTH CHART ON CRNT

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    Stocks: CRNT, NM, FREEF, STO, PERI, CBIO
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