Wednesday, May 8, 2013

A big list of tiny biotech stocks with "explosive" potential catalysts

From The Life Sciences Report:

In January, The Life Sciences Report debuted its biotech watchlist, which outlined ideas for investors keyed to catalysts in the drug development process that typically move biotechnology stocks. All stocks are affected by catalysts, but nowhere do they provide more leverage (or deleverage) than in biotech. We predicted the new year would present legitimate prospects for portfolio growth. So far, that has been the case. Although the party has given way to some fatigue, the punch bowl is still on the table and the biotech upswing continues.

Back in January, our friends and collaborators at San Diego-based Sagient Research, publishers of the BioMedTracker, offered important information about market-moving data and events that can make or break smaller companies. In addition, a group of key biotech analysts weighed in on their best ideas -- 17 stocks in all. It was the perfect storm of individual ideas combined with a biotech wind from 2012 still billowing the sails.

As of April 22, the Nasdaq Biotechnology (NBI) index is up 26.6%. Have the biotech companies that made inaugural Biotech Watchlist -- and their stocks -- met the targets identified in the first quarter of 2013? Are there new catalysts? Check out the progress in the updated April biotech watchlist..(more).

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Generation J(obless): A Quarter Of The Planet's Youth Is Neither Working Nor Studying

We recently discussed the 'dead-weight' problem of youth unemployment in developed economies. The Economist estimates that the world's population of NEETs (not in employment, education, or training) is a stunning 290 million - or around one-quarter of the world's youth.

Sadly, many of the 'employed' young have only informal and intermittent jobs. In rich countries more than a third, on average, are on temporary contracts which make it hard to gain skills. Young people have long had a raw deal in the labour market.

Two things make the problem more pressing now. The financial crisis and its aftermath had an unusually big effect on them. Many employers sack the newest hires first, so a recession raises youth joblessness disproportionately. The number of young people out of work in the OECD is almost a third higher than in 2007. Second, the emerging economies that have the largest and fastest-growing populations of young people also have the worst-run labour markets. (more)

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General Cable Corporation (NYSE: BGC)

General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products worldwide. The company offers electric utility products, such as low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cable products; bare overhead conductors; and submarine transmission and distribution cables, as well as provides design, integration, and installation services for products, such as high and extra-high voltage terrestrial and submarine systems. In addition, the company provides communications products comprising high-bandwidth twisted copper and fiber optic, multi conductor and pair fiber and copper networking, telecommunications exchange, coaxial, and low detection profile cables, as well as submarine cable systems, submarine networks, and offshore integration systems. Further, it provides construction products consisting of construction, flexible cords, and flame retardant cables, as well as rod mill products, including copper and aluminum rods. The company serves energy, industrial, construction, specialty, and communications markets.
General's stock is forming a head and shoulders (H&S) pattern. Please take a look at the 1-year chart of BGC (General Cable Corporation) below with my added notations:
1-year chart of BGC (General Cable Corporation) Over the last (4) months BGC has created a very important level at $32 (red), which is also the “neckline” support for BGC's H&S pattern. Above the neckline you will notice the H&S pattern itself (blue). Confirmation of the H&S would occur if the stock broke below its $32 support. If BGC breaks that level, the stock should move lower from there.
The Tale of the Tape: BGC seems to have formed a head & shoulders pattern. Although a trader could go long at $32 expecting a bounce, the stock's pattern implies an eventual breakdown. If that happens, a short trade should be entered on a break of the $32 level.
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Investment Education 101: Personal Bankruptcy: Chapters 7 and 13

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Chart Of The Week: Copper Stockpiles Surge To 10-Year High, Market Shifts Into Surplus

Ample supplies of copper depress prices of the industrial metal.

LME Copper Stockpiles

Copper stockpiles at warehouses monitored by the London Metal Exchange have skyrocketed this year, an indication the market is oversupplied. Stocks of copper jumped almost 400,000 metric tons since the start of the year to 609,000—the highest level since 2003.

"The copper market is now shifting from a long period of constrained mine supply to one in which new mine capacity growth brings about the long-awaited return of the refined market to moderate surpluses," explained Morgan Stanley.
Copper jumped last week but is still down 9 percent year-to-date.
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Bullish 50/200-day MA Crossovers: ARP,ABMD,DCM,ANAC,CAAS

Check out today's Bullish 50/200-day MA Crossovers.
What's a Bullish 50/200-day MA Crossover?
The 50 day and 200 day moving average crossover is a heavily used tool to emphasize the trend and smooth out of price movements. It is often thought that a stock that has a price trading above its 50 day moving average and if the 50 day moving average is above the 200 day moving average, then the stock is healthy and should continue upward in the near future.
The 50 day and 200 day moving averages are also used as support and resistance areas. When trading above, they act as support, which can give you an extra edge in your trades.
Atlas Resource Partners LP (ARP) is currently trading at $23.77. Its 52 week range is between $21.23 and $28.23.


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Stock Market Recap May 7, 2013

First we have been mentioning the healthier action in cyclical stocks the past week and a half - you can see this in names such as Harley Davidson (HOG) which faces the consumer and Caterpillar (CAT) which is the essential cyclical stock.  The former broke out of a range today on very good volume while the latter broke out of a long term downtrend late last week.  CAT jumped over its 200 day moving average last Friday and 50 day today; in many ways it is acting similar to Apple after a long downtrend.
HOG 050713
CAT 050713
Meanwhile two stocks that were very hot cooled off today - First Solar (FSLR) and Tesla Motors (TSLA).  These both have relative strength readings in the mid to upper 90s as they have been market darlings.  Tesla is doing this right in front of its earning report tomorrow - no surprise as it is always a flip of the coin how a stock will do on its earnings and some momentum traders don't want to be around for that.
FSLR 050713
TSLA 050713
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