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Chun Bong Lai
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Sole Proprietor at Trade ETF Funds. Bachelor's in Economics. Master's in Finance. + loves to trade stocks + loves to travel + loves to take pictures + loves to teach kids + loves symbols + loves Lady Gaga Follow me at: www.twitter.com/chunbonglai
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  • Notable Stock Picks [Monday April 11 2011] 0 comments
    Apr 8, 2011 8:37 PM | about stocks: AA, SHAW
    1. Alcoa Inc. (NYSE: AA)
     
    Years first opened: 1888
    Estimated number of employees: 59,000
     
    AA (Aluminum Company of America) is the world’s third largest producer of aluminum. It conducts its business in nearly 31 countries. Its products are primary aluminum, fabricated aluminum, and alumina combined. These aluminum and alumina products represent 3/4 of AA’s revenue. Its products are used worldwide – aircraft, automobiles, packaging, buildings, etc.
     
    Competitors:
    Aluminum Corporation of China Limited (NYSE: ACH)
     
    Recommendation Summary:
    Zacks Research: 3 (hold)
    Yahoo Analyst Opinion: 2.6 (Strong Buy 1.0 – 5.0 Sell)
     
    Price Target Summary:
    Mean Target:
    19.93
    Median Target:
    21.00
    High Target:
    28.10
    Low Target:
    13.00
    No. of Brokers:
    12
     
    Upgrades and Downgrades History:
    Date
    Research Firm
    Action
    From
    To
    Jan 14, 2011
    Dahlman Rose
    Upgrade
    Hold
    Buy
    Jan 11, 2011
    RBC Capital Mkts
    Downgrade
    Sector Perform
    Underperform
    Jan 3, 2011
    Deutsche Bank
    Upgrade
    Hold
    Buy
    Nov 11, 2010
    BMO Capital Markets
    Downgrade
    Outperform
    Market Perform
    Nov 8, 2010
    Davenport
    Downgrade
    Buy
    Neutral
    Apr 22, 2010
    HSBC Securities
    Upgrade
    Underweight
    Neutral
    Apr 13, 2010
    UBS
    Downgrade
    Buy
    Neutral
    Apr 9, 2010
    JP Morgan
    Downgrade
    Overweight
    Neutral
    Apr 5, 2010
    Deutsche Bank
    Downgrade
    Buy
    Hold
    Mar 24, 2010
    Argus
    Upgrade
    Hold
    Buy
     
    Chart:
    From Prophet Chart (AA)
     
    The chart (5-year chart) above shows an uptrend channel from 2009 to present. As you can see the price, this stock can go up to above 30. Right now, it breaks the 17.50 resistance level. It is moving up toward the next resistance level which is at around 20 to 21. Good buy.
     
    AA website: www.alcoa.com
     
     
    2. The Shaw Group Inc. (NYSE: SHAW)
     
    Years first opened: 1987
    Estimated number of employees: 28,000
     
    SHAW is one of the Fortune 500 corporations. It is split into five divisions: power, environmental & infrastructure, maintenance, fabrication & manufacturing, and energy & chemicals. It is a leading global provider of the above areas. It has offices in North/South America, Europe, the Middle East, and the Asia-Pacific region.
     
    Competitors:
    URS Corporation (NYSE: URS)
     
    Recommendation Summary:
    Zacks Research: 3 (hold)
    Yahoo Analyst Opinion: 2.6 (Strong buy 1.0 – 5.0 sell)
     
    Price Target Summary:
    Mean Target:
    40.40
    Median Target:
    39.00
    High Target:
    51.00
    Low Target:
    36.00
    No. of Brokers:
    15
     
    Upgrades and Downgrades History:
    Date
    Research Firm
    Action
    From
    To
    Feb 8, 2011
    UBS
    Upgrade
    Neutral
    Buy
    Jan 21, 2011
    Robert W. Baird
    Upgrade
    Neutral
    Outperform
    Oct 20, 2010
    BB&T Capital Mkts
    Initiated
    Hold
    Oct 26, 2009
    Stifel Nicolaus
    Upgrade
    Hold
    Buy
    Oct 16, 2009
    Robert W. Baird
    Downgrade
    Outperform
    Neutral
    Oct 15, 2009
    Davenport
    Downgrade
    Buy
    Neutral
    Sep 8, 2009
    Credit Suisse
    Downgrade
    Outperform
    Neutral
     
    Chart:
    From Prophet Chart (SHAW)
     
    This chart (15-year chart) shows an uptrend from year 1999 to present. There is a major resistance level at 62. The minor resistance level is at 40. If this stock breaks 40, it can go up to 62. I suggest to long this stock. Buy now – this is a good stock.
     
    Themes: Alcoa, Shaw Group, stocks, stock market, april 11, chun bong lai Stocks: AA, SHAW
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