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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 [Friday April 15 2011]
    1. Bank of America Corporation (NYSE: BAC)
     
    Years founded: 1904
    Estimated number of employees: 288,000
     
    BAC is the global financial services company. It is the 5th largest company in U.S. by total revenue, the largest bank holding company in U.S. (by assets), and 2nd largest bank by market capitalization. It provides individuals, small businesses and commercial, corporate and institutional clients around the world a new and better way to manage their financial lives.
     
    Competitors:
    1. Citigroup, Inc. (NYSE: C)
    2. JP Morgan Chase & Co. (NYSE: JPM)
    3. Wells Fargo & Company (NYSE: WFC)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.2 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    18.18
    Median Target:
    18.00
    High Target:
    24.00
    Low Target:
    14.00
    No. of Brokers:
    25
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Mar 24, 2011
    FBR Capital
    Downgrade
    Outperform
    Mkt Perform
    Oct 27, 2010
    Standpoint Research
    Upgrade
    Accumulate
    Buy
    Oct 20, 2010
    Oppenheimer
    Downgrade
    Outperform
    Perform
    Oct 20, 2010
    Stifel Nicolaus
    Downgrade
    Buy
    Hold
    Aug 23, 2010
    Standpoint Research
    Upgrade
    Hold
    Accumulate
    Jan 14, 2010
    Ladenburg Thalmann
    Initiated
    Buy
    Dec 17, 2009
    UBS
    Initiated
    Buy
    Oct 7, 2009
    Wells Fargo
    Upgrade
    Market Perform
    Outperform
    Oct 2, 2009
    Bernstein
    Initiated
    Outperform
    Sep 23, 2009
    Collins Stewart
    Initiated
    Buy
     
    Chart:
    From Prophet Chart (BAC)
     
    This is a 2-year chart. It is not looking good at this moment. It might drop back to 11. I would suggest buying it at 11 and selling around 15 and 16.
     
     
     
    2. Charles Schwab Corporation (NYSE: SCHW)
     
    Years founded: 1971
    Estimated number of employees: 12,500
     
    SCHW is an U.S. brokerage and banking company. It provides full-service investing experience to customers.
     
    Competitors:
    1. E*Trade Financial Corporation (Nasdaq: ETFC)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.3 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    20.46
    Median Target:
    20.50
    High Target:
    24.00
    Low Target:
    16.00
    No. of Brokers:
    17
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Mar 15, 2011
    Ticonderoga
    Initiated
    Neutral
    Nov 10, 2010
    FBR Capital
    Downgrade
    Outperform
    Mkt Perform
    Jun 3, 2010
    FBR Capital
    Upgrade
    Mkt Perform
    Outperform
    Apr 6, 2010
    UBS
    Initiated
    Buy
    Jul 24, 2009
    Citigroup
    Downgrade
    Buy
    Hold
    Jun 4, 2009
    Deutsche Securities
    Initiated
    Hold
    Apr 14, 2009
    JMP Securities
    Initiated
    Mkt Outperform
    Mar 12, 2009
    Citigroup
    Initiated
    Buy
    Feb 2, 2009
    Bernstein
    Downgrade
    Outperform
    Mkt Perform
    Nov 20, 2008
    Friedman Billings
    Upgrade
    Underperform
    Mkt Perform
     
    Chart:
    From Prophet Chart (SCHW)
     
    This is a 5-year chart. The entire chart is not looking good to me. Resistance level at 19 and a support level at 14. Now, it is 18.22, and I believe it will drops back to 16 to 17. If that level breaks, it will drop back to 14. It is a must-buy at 14.
     
    SCHW website: www.schwab.com
     
     
    3. Genuine Parts Company (NYSE: GPC)
     
    Years founded: 1928
    Estimated number of employees: 31,700
     
    GPC is one of the Fortune 1000 companies that specializes in replacement parts for cars and other industrial machines. It distributes industrial replacement parts in the U.S. and Canada, distributes automotive replacement parts in the U.S., Canada, and Mexico, and distributes electrical and electronic components in the U.S., Canada, and Mexico.
     
    Competitors:
    1. Advance Auto Parts Inc. (NYSE: AAP)
    2. AutoZone, Inc. (NYSE: AZO)
    3. W.W. Grainger, Inc. (NYSE: GWW)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.3 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    56.75
    Median Target:
    57.00
    High Target:
    61.00
    Low Target:
    47.00
    No. of Brokers:
    8
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Jun 2, 2009
    FBR Capital
    Upgrade
    Underperform
    Mkt Perform
    Jan 28, 2009
    Argus
    Upgrade
    Hold
    Buy
    Nov 26, 2008
    Friedman Billings
    Initiated
    Underperform
    Dec 6, 2006
    Goldman Sachs
    Initiated
    Neutral
    Nov 3, 2006
    BMO Capital Markets
    Initiated
    Market Perform
    Oct 19, 2006
    JP Morgan
    Downgrade
    Overweight
    Neutral
    Aug 16, 2006
    BB&T Capital Mkts
    Initiated
    Hold
    Jul 5, 2006
    Kevin Dann
    Initiated
    Buy
    Apr 5, 2006
    JP Morgan
    Upgrade
    Neutral
    Overweight
    Jul 20, 2005
    Morgan Stanley
    Upgrade
    Equal-weight
    Overweight
     
    Chart:
    From Prophet Chart (GPC)
     
    This is a 10-year chart. There is an obvious resistance at 55. It is still in the uptrend channel (from year 2009 to present). It can drop back to 33 if it breaks the channel. If it breaks the 55 (57 to be better), then it can go up to 63 or so.
     
    GPC website: www.genpt.com
     
     
    4. Knoll, Inc (NYSE: KNL)
     
    Years founded: 1938
    Estimated number of employees: 3,000
     
    KNL is a manufacturer and designer of branded office furniture products and textiles worldwide.
     
    Competitors:
    1. Herman Miller, Inc. (Nasdaq: MLHR)
    2. HNK Corporation (NYSE: HNI)
    3. Steelcase Inc. (NYSE: SCS)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 1.5 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    24.33
    Median Target:
    23.00
    High Target:
    27.00
    Low Target:
    23.00
    No. of Brokers:
    3
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Apr 14, 2009
    BB&T Capital Mkts
    Downgrade
    Buy
    Hold
    Oct 8, 2008
    Longbow
    Upgrade
    Sell
    Neutral
    Aug 6, 2008
    Longbow
    Initiated
    Sell
    Jul 23, 2007
    Matrix Research
    Upgrade
    Buy
    Strong Buy
    Apr 16, 2007
    Matrix Research
    Upgrade
    Hold
    Buy
    Oct 13, 2006
    Banc of America Sec
    Initiated
    Neutral
    Jul 13, 2006
    JP Morgan
    Upgrade
    Neutral
    Overweight
    Jun 9, 2005
    BB&T Capital Mkts
    Initiated
    Buy
    Apr 6, 2005
    UBS
    Initiated
    Buy
    Jan 24, 2005
    Goldman Sachs
    Initiated
    In-Line
     
    Chart:
    From Prophet Chart (KNL)
     
    This is a 5-year chart. It is still within the channel. It can go up to 25. The first resistance is at 23. It is time to buy now at 20. If it breaks the channel, it will go down to 16.
     
    KNL website: www.knoll.com
     
     
    5. Mattel, Inc (Nasdaq: MAT)
     
    Years founded: 1945
    Estimated number of employees: 31,000
     
    MAT is the world’s largest toy company based on its revenue. Its products include the Barbie dolls, board games, video game consoles, etc. It designs, manufactures, and markets them globally.
     
    Competitors:
    1. Hasbro, Inc. (Nasdaq: HAS)
    2. JAKKS Pacific, Inc. (Nasdaq: JAKK)
     
    Rankings:
    Zacks: 2 (buy)
    Yahoo Finance Analyst Opinion: 1.9 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    29.22
    Median Target:
    28.75
    High Target:
    33.00
    Low Target:
    26.00
    No. of Brokers:
    16
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Nov 17, 2010
    Caris & Company
    Downgrade
    Buy
    Above Average
    Jun 22, 2010
    Caris & Company
    Upgrade
    Above Average
    Buy
    Mar 9, 2010
    Citigroup
    Upgrade
    Hold
    Buy
    Feb 17, 2010
    UBS
    Upgrade
    Neutral
    Buy
    Feb 1, 2010
    Caris & Company
    Upgrade
    Average
    Above Average
    Dec 21, 2009
    BMO Capital Markets
    Upgrade
    Market Perform
    Outperform
    Oct 19, 2009
    Morgan Joseph
    Downgrade
    Buy
    Hold
    Jun 16, 2009
    KeyBanc Capital Mkts
    Initiated
    Buy
    Jun 11, 2009
    Morgan Joseph
    Initiated
    Buy
    Feb 3, 2009
    Piper Jaffray
    Downgrade
    Buy
    Neutral
     
    Chart:
    From Prophet Chart (MAT)
     
    This is a 5-year chart. This stock is actually pretty good. I will consider buying it now and hold until it reaches over 33. If it breaks 26 or 27, I will buy this stock for sure. If it breaks the channel, it can drop back to 22 or so. Place a stop at 25. I recommend this stock.
     
    Tags: BAC, SCHW, MAT, GPC, KNL, Bank of America, Charles Schwab, Mattel, Genuine Parts Company, Knoll, Chun Bong Lai, business, news, April 15, stocks, stock market, charts
    Apr 15 3:57 AM | Link | Comment!
  • Notable Stock Picks [Thursday April 14 2011]
    1. Check Point Software Technologies Ltd. (Nasdaq: CHKP)
     
    Years founded: 1993
    Estimated number of employees: 2,200
     
    CHKP provides IT security solutions globally (mostly firewall and VPN products). It markets and supports software and hardware with their network security, endpoint security, data security, and security management.
     
    Competitors:
    1. Cisco Systems, Inc. (Nasdaq: CSCO)
    2. Fortinet, Inc. (Nasdaq: FINT)
    3. Juniper Networks, Inc. (NYSE: JNPR)
     
    Ratings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.2 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    52.61
    Median Target:
    52.00
    High Target:
    60.00
    Low Target:
    47.00
    No. of Brokers:
    18
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Jan 6, 2011
    Macquarie
    Downgrade
    Outperform
    Neutral
    Dec 17, 2010
    Wunderlich
    Initiated
    Hold
    Oct 27, 2010
    HSBC Securities
    Upgrade
    Neutral
    Overweight
    Oct 7, 2010
    UBS
    Initiated
    Buy
    Aug 20, 2010
    Standpoint Research
    Downgrade
    Buy
    Hold
    Apr 26, 2010
    FBR Capital
    Upgrade
    Mkt Perform
    Outperform
    Feb 17, 2010
    Citigroup
    Initiated
    Buy
    Jan 29, 2010
    Stifel Nicolaus
    Downgrade
    Buy
    Hold
    Oct 2, 2009
    Bernstein
    Initiated
    Outperform
    Sep 18, 2009
    William Blair
    Initiated
    Mkt Perform
     
    Chart:
    From Prophet Chart (CHKP)
     
    This is a 5-year chart for CHKP. Consolidation and accumulation, the stock breaks at 25 and rises ever since. Right now, at almost 52, it is too high to buy. You should wait until it falls to around 43 and long this stock. You want to get into this uptrend.
     
    CHKP website: www.checkpoint.com
     
     
    2. Google Inc. (Nasdaq: GOOG)
     
    Years founded: 1998
    Estimated number of employees: 24,400
     
    GOOG is a multinational public corporation known for its Internet search, cloud computing, and other advertising technologies. Google.com is the most visited website. Its products and services include Android OS development, YouTube, Blogger, etc.
     
    Competitors:
    1. AOL Inc. (NYSE: AOL)
    2. Yahoo! Inc. (Nasdaq: YHOO)
    3. Baidu, Inc. (Nasdaq: BIDU)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 1.8 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    724.09
    Median Target:
    750.00
    High Target:
    800.00
    Low Target:
    519.00
    No. of Brokers:
    31
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Jan 19, 2011
    ISI Group
    Initiated
    Hold
    Jan 5, 2011
    Canaccord Genuity
    Initiated
    Buy
    Dec 13, 2010
    Wedbush
    Upgrade
    Neutral
    Outperform
    Oct 15, 2010
    Caris & Company
    Upgrade
    Average
    Buy
    Oct 12, 2010
    Wedbush
    Upgrade
    Underperform
    Neutral
    Aug 17, 2010
    Wedbush
    Initiated
    Underperform
    May 21, 2010
    MKM Partners
    Upgrade
    Neutral
    Buy
    May 14, 2010
    Caris & Company
    Initiated
    Average
    Feb 25, 2010
    MKM Partners
    Initiated
    Neutral
    Jan 22, 2010
    Collins Stewart
    Downgrade
    Buy
    Hold
     
    Chart:
    From Prophet Chart (GOOG)
     
    This is a 5-year chart. It is still in the uptrend channel. If it breaks below 550, then sell it. If it breaks above 600, then buy it and hold until above 700.
     
    GOOG website: www.google.com
     
     
    3. Hasbro Inc. (Nasdaq: HAS)
     
    Years founded: 1923
    Estimated number of employees: 5,800
     
    HAS is a leader in children’s and family entertainment products and services. It designs, manufactures, and markets the games and toys globally.
     
    Competitors:
    1. JAKKS Pacific, Inc. (Nasdaq: JAKK)
    2. Mattel, Inc. (Nasdaq: MAT)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.1 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    51.14
    Median Target:
    54.00
    High Target:
    59.00
    Low Target:
    40.00
    No. of Brokers:
    14
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Dec 15, 2010
    MKM Partners
    Initiated
    Buy
    Mar 15, 2010
    Needham
    Downgrade
    Strong Buy
    Buy
    Jan 8, 2010
    Wedbush Morgan
    Upgrade
    Neutral
    Outperform
    Dec 21, 2009
    BMO Capital Markets
    Upgrade
    Underperform
    Market Perform
    Nov 9, 2009
    Stifel Nicolaus
    Upgrade
    Hold
    Buy
    Jun 16, 2009
    KeyBanc Capital Mkts
    Initiated
    Buy
    May 22, 2009
    Morgan Joseph
    Upgrade
    Hold
    Buy
    Apr 21, 2009
    Morgan Joseph
    Downgrade
    Buy
    Hold
    Feb 19, 2009
    Morgan Joseph
    Initiated
    Buy
    Dec 22, 2008
    JP Morgan
    Initiated
    Neutral
     
    Chart:
    From Prophet Chart (HAS)
     
    This is a 5-year chart. It is still within the channel. I would buy at 39. The lowest it can get is 32. The highest it can get is around 52.
     
    HAS website: www.hasbro.com
     
     
    4. iGATE Corporation (Nasdaq: IGTE)
     
    Years founded: 1996
    Estimated number of employees: 8,338
     
    IGTE is an information technology firm that specializes in business data processing. It offers various Information Technology solutions to businesses.
     
    Competitors:
    1. Infosys Technologies Limited (Nasdaq: INFY)
     
    Rankings:
    Zacks: 4 (sell)
    Yahoo Finance Analyst Opinion: 2.0 (Strong buy 1.0 – 5.0 sell)
     
    Price Targets:
    Mean Target:
    22.75
    Median Target:
    23.00
    High Target:
    25.00
    Low Target:
    20.00
    No. of Brokers:
    4
     
    Upgrades and Downgrades:
    te
    Research Firm
    Action
    From
    To
    Apr 13, 2011
    Kaufman Bros
    Initiated
    Buy
    Dec 21, 2010
    Oppenheimer
    Initiated
    Outperform
    May 3, 2010
    Jefferies
    Initiated
    Buy
    Jan 28, 2010
    Global Hunter Securities
    Initiated
    Buy
    Jul 22, 2009
    Needham
    Upgrade
    Hold
    Buy
    Oct 13, 2008
    Roth Capital
    Upgrade
    Hold
    Buy
    Sep 10, 2008
    Roth Capital
    Downgrade
    Buy
    Hold
    Aug 12, 2008
    Needham
    Downgrade
    Buy
    Hold
    Nov 20, 2007
    Roth Capital
    Upgrade
    Hold
    Buy
    Oct 25, 2007
    Roth Capital
    Downgrade
    Buy
    Hold
     
    Chart:
    From Prophet Chart (IGTE)
     
    This is a 2-year chart. It breaks the uptrend channel at 20. It drops back to 15 and rallies up now. I might consider buy this again at 15 if there is a chance later on. If it breaks 20, it can go up to 25 or above.
     
    IGTE website: www.igate.com
     
     
    5. Progressive Corporation (NYSE: PGR)
     
    Years founded: 1937
    Estimated number of employees: 24,638
     
    PGR provides auto insurance and other specialty property-casualty insurance in the United States.
     
    Competitors:
    1. Allstate Corporation (NYSE: ALL)
     
    Rankings:
    Zacks: 3 (hold)
    Yahoo Finance Analyst Opinion: 2.3 (Strong buy 1.0 – 5.0 Sell)
     
    Price Targets:
    Mean Target:
    22.82
    Median Target:
    23.00
    High Target:
    26.00
    Low Target:
    20.00
    No. of Brokers:
    17
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Oct 13, 2010
    RBC Capital Mkts
    Initiated
    Outperform
    Apr 15, 2010
    Credit Suisse
    Upgrade
    Underperform
    Neutral
    Mar 29, 2010
    Oppenheimer
    Upgrade
    Underperform
    Perform
    Mar 26, 2010
    FBR Capital
    Upgrade
    Mkt Perform
    Outperform
    Mar 26, 2010
    JP Morgan
    Upgrade
    Underweight
    Neutral
    Mar 25, 2010
    Janney Mntgmy Scott
    Upgrade
    Neutral
    Buy
    Mar 9, 2010
    Citigroup
    Initiated
    Hold
    Jun 22, 2009
    FBR Capital
    Downgrade
    Outperform
    Mkt Perform
    Apr 16, 2009
    Argus
    Upgrade
    Hold
    Buy
    Mar 27, 2009
    Piper Jaffray
    Initiated
    Neutral
     
    Chart:
    From Prophet Chart (PGR)
     
    This is the 10-year chart. Honestly, right now, it is very good to buy this stock. It can go up to 25. BUY NOW!
     
    Tags: CHKP, GOOG, PGR, HAS, IGTE, Check Point Software Technologies, Google, Progressive, Hasbro, iGATE, stocks, stock market, news, business, graphs, charts, Chun Bong Lai, report, Examiner, San Francisco, Twitter
    Apr 14 2:51 AM | Link | Comment!
  • Notable Stock Picks [Wednesday April 13 2011]
    1. JPMorgan Chase & Co. (NYSE: JPM)
     
    Years founded: 1799
    Estimated number of employees: 240,000
     
    JPM is a global investment and retail banking firm. It provides financial services. It is the third largest domestic deposit bank – one of the four banks in the United States.
     
    Competitors:
    1. Bank of America (NYSE: BAC)
    2. Barclays (NYSE: BCS)
    3. Citigroup Inc. (NYSE: C)
     
    Ranking:
    Zacks: 3 (hold)
    Yahoo Finance Analyst: 1.8 (Strong buy 1.0 – 5.0 Sell)
     
    Price Target:
    Mean Target:
    55.68
    Median Target:
    54.00
    High Target:
    61.00
    Low Target:
    50.00
    No. of Brokers:
    25
     
    Upgrades and Downgrades:
    Date
    Research Firm
    Action
    From
    To
    Jun 16, 2010
    FBR Capital
    Initiated
    Outperform
    Jan 22, 2010
    Citigroup
    Upgrade
    Hold
    Buy
    Jan 15, 2010
    Oppenheimer
    Upgrade
    Perform
    Outperform
    Jan 14, 2010
    Ladenburg Thalmann
    Initiated
    Buy
    Sep 23, 2009
    Collins Stewart
    Initiated
    Buy
    Aug 6, 2009
    Deutsche Securities
    Initiated
    Buy
    Apr 17, 2009
    Fox Pitt
    Downgrade
    Outperform
    In Line
    Apr 14, 2009
    Wachovia
    Initiated
    Mkt Perform
    Mar 13, 2009
    Robert W. Baird
    Initiated
    Outperform
    Mar 2, 2009
    Keefe Bruyette
    Upgrade
    Mkt Perform
    Outperform
     
    Chart:
    From Prophet Chart (JPM)
     
    This is a 5-year chart. You can see there is a very strong 5-year resistance level at 47.50. If this level breaks, the stock can go up at least 20 more points to $65.00 or so. Of course, this is in long-term holding. Also, good news, JPM will raise its dividends. I believe the stock is a good buy, but maybe we can wait to see if it will actually drop back to the 40.00 level. I would definitely buy this if it breaks 48 or 48.50.
     
    JPM website: JPMorganChase.com
    Tags: JPM, JPMorgan Chase, earnings, Chun Bong Lai, Banks, stocks, stock market
    Apr 13 5:03 AM | Link | Comment!
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