Are Apple $AAPL and Google $GOOG Stock Screaming Bargains?

Hunting for tech stocks to buy can be both fun and frustrating, as there are plenty of headlines to soak in about all the supposedly world-changing innovations come out of new and established companies in the space. Of course, that also means plenty of noise to sort through.
And, while tech undoubtedly has a huge impact on our world — which means stocks in the sector often come with over-sized growth prospects — investors are forced to shell out a premium to bet on that potential.

It takes just a quick sampling of some of the hottest tech stocks out there to illustrate this reality. Even Facebook (FB), which has been transitioning from a new kid on the block to an established, proven company, is trading for more than 30 times its expected 2016 earnings. And, that’s just a fraction of the forward P/E ratio that comes with picks like Twitter (TWTR), Tesla (TSLA), and Amazon (AMZN). (more)

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Stocks To Watch: ZU, BLDP, IDRA, CYBR

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Zulily Inc (NASDAQ:ZU) broke out of a small consolidation pattern on High volume and could eventually rally up to test its recent high. Looking at the daily technical daily chart the near-term outlook is positive. ADX is starting to point up. The Relative Strength Index is also moving higher, which is a sign of growing strength in the stock and MACD is also giving a positive indication. ZU will move quickly, so keep it on your screen on Tuesday.

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Ballard Power Systems Inc. (NASDAQ:BLDP) Could be a high flyer on breakout, look for a break and close above $2.5 to enter longs. Daily technical indicators are looking Bullish.

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Idera Pharmaceuticals Inc (NASDAQ:IDRA) I see a potential inverted head and shoulders pattern forming on daily charts. If the stock price breaks out of the neckline, target level is around $5.20. My model is mixed with upside bias. For now lets wait for that break out to occur.

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Cyberark Software Ltd (NASDAQ:CYBR) established a new 52-week high today of 71.86, however in the final hour stock retracted closing at $70.83. Overall technical indicators are still in Bullishs areas. Let's see if tomorrow stock will confirm intraday breakout.

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Cosan Limited (NYSE: CZZ)

Cosan Limited, engages in sugar and ethanol, fuel, logistics services, lubricants, and piped natural gas businesses primarily in Brazil, rest of South America, Europe, the Middle East, Asia, and North America. The company’s Raízen Energia segment produces and markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol. Its Raízen Combustíveis segment distributes and markets fuels, primarily through a franchised network of service stations under the Shell and Esso brands in Brazil. The company’s COMGÁS segment distributes piped natural gas to customers in the industrial, residential, commercial, automotive, thermogeneration, and cogeneration sectors in part of the State of Sao Paulo. Its Cosan Log segment provides logistics services for transport, storage, and port loading of commodities, primarily for sugar products. The company’s Radar segment is involved in buying, managing, selling, and leasing agricultural land. Its Lubricants segment produces and distributes lubricants under the Mobil and Comma brands.
Take a look at the 1-year chart of Cosan (NYSE: CZZ) with the added notations:

APA took a steep drop back in the fall of last year. When the stock finally bottomed in December, CZZ ended up finding support at $6.00 (green) over the next 6 months. Now that the stock appears to be falling back down to that support level again, traders should be able to expect some sort of bounce. However, if the $6.00 support were to break, lower prices should follow.

The Tale of the Tape: CZZ has an important level of support at $6.00. A trader could enter a long position at $6.00 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Is the Rig Count Decline Finally Slowing Down?

Total US rig count

According to oilfield service company Baker Hughes (BHI), there were 859 active oil and gas rigs in the United States in the week ending June 12, 2015, nine less than the previous week ending June 5.
With last week’s fall, the average four-week US rig count drop was seven, the same as the previous four weeks to June 5. The rig count drop averaged eight in the four weeks to May 29, and 12 in the four weeks to May 22. So, the rate of decline is clearly slowing down.  (more)
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