Bullish Calls:

Windstream (WIN): "I am going to send you to Windstream Corporation which did a pretty good acquisition today."

What a crazy month we had!

The Dow began the month of October at 9,712 and finished the month of October at EXACTLY 9,712. Now I don’t want to say the market is manipulated but… No, I’ve got nothing, there are no buts - the market is totally manipulated! Either that or you believe that the random outcome of tens of millions of traders around the globe trading hundreds of billions of shares of stock would just so happen to begin and end the month within .50 after going as low as 9,378.77 (on the 5th) and as high as 10,157.94 (on the 21st). So that is literally a 1 out of the 779-point swing coincidence to hit that 9,712 nail on the head.

By Michael Kanellos

Heating, air conditioning and ventilation account for 32 percent of the energy consumed in commercial buildings and lighting consumes another 25 percent, according to the 2008 Buildings Energy Data Book. Cypress Envirosystems and Adura Technologies are going to work together to reduce it.

Bullish Calls:

Teradyne (TER): "I have been behind Teradyne for close to 100%… And you know what? I am not backing away… semi-conductors make a lot of money and then they go buy equipment.. the companies like Teradyne that test equipment do well… that is what is a smokin' buy."

Q3 2009 Earnings Call

October 15, 2009; 11:30 am ET

Not such a good week!

Last week was FANTASTIC. We had 28 winning trades out of 36 with an average gain of 42% on the winners and an average loss of 12% on the losers - now THAT’S A GOOD WEEK. We were stopped out of most of our bearish trades on Monday but we took a lot of new ones, which I’ll get into later... Of course, since we are rangish and play both ends, the good news is we still had our "losers" and puts that we sold on long positions. Those turned into huge winners in just 5 days:

Warner Chilcott (WCRX), Johnson&Johnson (JNJ), Chattem (CHTT), Procter & Gamble (PG)

Bullish Calls:

Flextronics (FLEX): "The action in FLEX is nothing short of amazing...this goes higher. It has been in a bear market...I am pronouncing the bear market over."

At the end of each trading week, Hillbent scans the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)

TJX Companies (TJX): The Discount Pawn

If you've had CNBC on today, you have undoubtedly heard that today is the 5-year anniversary of Google's (GOOG) IPO. Someone on the channel even called it the most important IPO of all time. While buyers of GOOG's IPO have certainly made money (+423%), to call it the most important IPO of all time is a bit of hyperbole. Historically, there have been plenty of IPOs that have made investors more money over similar or shorter periods of time. BIDU and FSLR are just two examples of IPOs that have returned more than 800% in a shorter period of time. Additionally, of the current Russell 3000 stocks that were around at the time of GOOG's IPO, 38 have returned more to shareholders over the same time period.

The 38 stocks that are up more than Google over the last five years aren't all penny stocks either. Many of the names highlighted below have market caps of more than $10 billion. The only stock on the list that is larger than GOOG, however, is Apple Computer (AAPL), which has gained more than twice GOOG's 423%. Hmm. Maybe it was a case of stock envy that recently caused GOOG CEO Eric Schmidt to resign from Apple's board.

Bullish Calls:

Community Bank System (CBU), First Niagara (FNFG): "The one that I favor is FNFG. That one's cooking. It's got that yield...it is making a lot of takeovers. I like CBU, but I like FNFG better."

China Unicom (CHU), Apple (AAPL), Research in Motion (RIMM), Cypress Semiconductor (CY), Cree (CREE), Skyworks Semiconductor (SWKS), Xilinx (XLNX), United Technologies (UTX), Wynn Resorts (WYNN)

The Mobile Internet Index: Google (GOOG), Apple (AAPL), Research in Motion (RIMM), Palm (PALM), ADC Telecom (ADCT), Starent Networks (STAR), Cisco (CSCO), Ciena (CIEN), Tellabs (TLAB), Tekelc (TKLC), CommScope (CTV), Qualcomm (QCOM), Broadcom (BRCM), RF MicroDevices (RFMD), Skyworks (SWKS), ON Semiconductor (ONNN), Cypress Semiconductor (CY), Sandisk (SNDK), Netlogic (NETL), Xilinx (XLNX)

Bullish Calls:

Navistar International (NAV), Paccar (PCAR): "I think the world of Navistar. I also like PCAR. I think the trucking cycle will come back, but it is a 2010 story not a 2009 story."

Mobile TeleSystems OJSC (MBT) – The Russian cellular communications company appeared on our ‘hot by options volume’ market scanner today amid a more than 6.5% decline in shares to $38.29. Despite the current dip in price, investors seem to expect a brighter future, and were observed initiating bullish call spreads in the March 2010 contract. The March 40 strike price had 3,000 calls purchased for an average premium of 6.58 each, which were spread against the sale of 3,000 calls at the higher March 50 strike for 3.10 apiece. The net cost of positioning for a significant recovery in MBT amounts to 3.48. Investors stand to accumulate maximum profits of 6.52 per contract if shares can rally up to $50.00 by expiration. Shares will need to climb 14% from the current price in order for call-spreading traders to begin to amass profits at the breakeven price of $43.48.

Ignore Analysts: Goldman Sachs (GS), Home Depot (HD), Lowe's (LOW)

On July 16 2009, Cypress Semiconductor Corporation (CY) reported results for the second quarter of fiscal year 2009 ending June 2009. Both the top and bottom lines beat consensus and our estimates. Revenue for the quarter was $155.8 million, up 11.8% sequentially and down 25.7% year over year.

The Consumer and Computation and Data Communications divisions were up double-digits, while the Memory and Imaging Division was flat sequentially. Revenue was over the top end of management’s guidance range of $145-153 million (up 4-10% sequentially).

Before the end of the quarter I do a quick analysis of the financial markets and make tune ups where needed. Here it is for June 30, 2009. Note it's not a recommendation to do the same thing and is provided for your entertainment and discussion purposes only.

--------------------------S&P ----CURRENT
------------------------Weight--Allocation
Tech---------------------18%---------23%
Financials----------------13%---------15%
Health Care--------------13%----------5%
Energy-------------------13%---------17%
Staples-------------------12%---------10%
Industrials---------------10%---------11%
Discretionary--------------9%----------3%
Materials------------------4%----------6%
Utilities--------------------4%----------4%
Telecom-------------------4%----------6%