Wall Street to Main Street: News, Views and Commentary: June 15, 2006

It's Thursday June 15, 2006, and finally we had an upThis usually gives a boost to the level of investor
day, the market showed some strength pretty muchconfidence in the stock. Even though that pushed the
for the entire trading session, granted it was modeststock to close up 55 cents at $$8.02, you have to
but definitely a welcome sight. The Nasdaq avoidedunderstand that back in December of 2004 this was a
making history by being down for a ninth day in a row$31 stock. Now I haven't had the opportunity to look
and the S&P 500 broke that 7-month slide.deep into the company so I am not aware if it split or
Yesterday morning the Labor Department reportednot while it was at its highs, but from my initial look, it
that the May Consumer Price Index aka the CPI rosedoesn't seem so. So proceed with caution on this one.
0.4 percent, after a 0.6 percent rise in April. This isChinese telephone maker Qiao Xing Universal
beyond the comfort level of the inflation fighting Fed.Telephone Inc. (NASDAQ: XING) moved higher
These latest numbers are pretty much an indicationyesterday even after they raised US$40 million in a
that the Fed will raise interest rates on June 29, 2006.convertible bond offering. The company made some
So we may have to prepare ourselves for anotherbold statements ahead of the release of their 2005
bump up in August but lets not get too ahead ofearnings on June 20, 2006,. The company stated that
ourselves just yet.the their 2005 basic earnings per share, before
Political Frontone-time gains, will "increase significantly" to well above
It looks like Iran's master plan may be coming to light as$1, that is compared to 17 cents per share in 2004.
Iran's President Mahmoud Ahmadinejad stated that heNow that is a bold statement but what are those
wants to increase cooperation with a central Asianone-time gains?, this one is tricky as the company
security group that includes China and Russia and thattouting their earnings prior to the earnings
the region needs a solid wall against any outsideannouncement scheduled to be release in a few days
interference. This was said at the S'hanghaijust raises a red flag for me, but I could be wrong. The
Cooperation Organization Summit, which consisted ofstock traded up 55 cents to close at $8.02 on
Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.Wednesday.
China has publicly said that they will not be a memberOther stocks that moved higher yesterday under ten
of the group, that is the story today anyway, as webucks included Emcore Corp (NASDAQ: EMKR) which
know tomorrow always brings another element intotraded up 84 cents to close at $8.69, Internet Initiative
the mix.Japan (NASDAQ: IIJI) traded up 50 cents to close at
Now sticking to the Shanghai Cooperation Organization$6.99, Sunopta ((NASDAQ: STKL) traded up 45 cents
Summit or the SCO Summit, Russia's presidentto close at $7.92, Anadigics (NASDAQ: ANAD) traded
Vladimir Putin made a proposal while he spoke at theup 44 cents to close at $6.64 and Arm Holdings
SCO, he proposed the creation of an energy club(NASDAQ: ARMHY) traded up 42 cents to close at
within the SCO and mentioned that Russia could$6.18.
actually finance some economic projects pursued byDowners
the six-nation regional forum. And the plot thickens.Some stocks that traded down yesterday included
President Bush spoke on Wednesday, this comes onOYO Geospace (NASDAQ: OYOG) which traded
the heels of a surprise visit that he made to Baghdad.down $6.74 to close at $47.50, Teleflex (NYSE: TFX)
He looked confident as he stated that he sensestraded down $4.66 to close at $53.38, OptionsXpress
something very different happening in Iraq. He(NASDAQ: OXPS) traded down $3.81 to close at
predicted that the progress in the region will be steady$22.23, Regional Bank Holders (NYSE: RKH) traded
and he looks for the violence to subside.down $2.08 to close at $143.55, Pegasus Wireless
The Bank of Japan's Governor Toshihiko Fukui issued(NASDAQ: PGWC) traded down $1.97 to close at
a public apology to the Japanese parliament on$6.70, Apollo Group (NASDAQ: APOL) traded down
Thursday as it related to an investment that he made$1.73 to close at $52.61 and Sunrise Senior Living
in a fund run by an ex-bureaucrat arrested for(NYSE: SRZ) which trade down $1.62 to close at
suspected insider trading, he said he would not keep$28.80.
any profit. He invested approximately $87,000 back inNow some stocks under ten bucks that received the
1999 and held it since then, so this was not a recentroyal smack down yesterday include Terremark
investment and was prior to the arrest of the highWorldwide (AMEX: TWW) drops like a rock on a
profile fund manager Yoshiaki Murakami.wider quarterly loss. The stock traded down $2.42 to
Tid Bitsclose at $3.69,of course the downgrades didn't help
Boeing (NYSE: BA) should be the recipient or betterthe situation but this is a big drop and could flag a ton
yet the beneficiary of the recent slide of Airbus. Theof margin calls if it has not already. So this drop could
credibility of EADS, who is the majority owner ofcontinue today.
Airbus, was questioned after the company reportedNow this is a recent IPO that has fallen from its IPO
substantial delays of their A380 super jumbo planes.price, Basin Water (NASDAQ: BWTR) sells systems
This just sliced over 30% of the company's stockfor the treatment of contaminated groundwater, which
value off the top. Now keep in mind that these delaysis their line of business. The stock opened at $15.70
may be contract breakers and Boeing could begin towhen it came public in May, that's $3.70 above its IPO
receive a slew of orders for their latest plane thatprice of $12. The stock traded as high as $16.55 but
was created to compete with Airbus. The street likedthat was then and this is now, the stock traded down
what they heard and that pushed Boeing up $5.03 as it$2.35 to close at $9.65 yesterday. The stock may get
closed at $82.01 on Wednesday.a little bounce to keep it about the $10 mark this week.
Goldman Sachs (NYSE: GS) is not taking anyOthers under ten bucks that traded down yesterday
prisoners on this one, they have raised their offer forinclude InvesTools (NASDAQ: IEDU) traded down $1.07
largest port operator, Associated British Ports Plc, byto close at $7.79, Hurley Industries (NASDAQ: HRLY)
3.7% or US$4.76 billion (2.58 billion pounds). This is in antraded down 85 cents to close at $9.21, National Coal
effort to trump a potential offer from Macquarie Bank(NASDAQ: NCOC) traded down 79 cents to close at
Ltd. The acquisition of this company puts Goldman$6.82, SunTerra Corp (NASDAQ: SNRR) traded down
Sachs in an interesting position as they could now be66 cents to close at $9.02 and UQM Technologies
granted U.S. port deals with ease. A recommendation(AMEX: UQM) traded down 60 cents to close at
from the new Treasury Secretary Hank Paulson$3.32.
doesn't hurt their cause either.Analyst Upgrades/Downgrades
Crude oil futures got a boost yesterday on the heelsRecent Analyst upgrades include Wabtec Corp
of a report from the United States that showed US(NYSE: WAB) was upgraded to a Buy from a Neutral
crude stocks suffered a larger-than-expected fall asby Janney Montgomery, Ladish Inc (NASDAQ: LDSG)
US refineries boosted production rates to meet peakwas upgraded to a buy from a Neutral by Sidoti
summer fuel demand. So we may see follow through& Co, Sycamore Networks (NASDAQ: SCMR)
today.was upgraded to a Hold from a Sell by Citigroup
As we mentioned on Wednesday, precious and baseInvestment Research, Celestica (NYSE: CLS) was
metals seems to have come close to hitting a bottom,upgraded to a Buy from a Neutral by UBS, Suez
but we need follow through before we can be sure of(NYSE: SZE) was upgraded to a Buy from a Hold by
that. Gold, Silver, Copper and other metals roseDeutsche Bank Securities, Barr Labs (NYSE: BRL)
yesterday and could possibly rise today as thewas upgraded to an Overweight from a Neutral
demand is coming into play once again. The preciousWeight by Prudential Equity Group and Black &
metals are potentially closer to a bottom than the baseDecker (NYSE: BDK) was upgraded to a Buy from a
metals so be aware of that going in. Of course thisHold by Citigroup Investment Research.
trickle down to the metals stocks, companies like RioRecent Analyst downgrades include General Mills
Tinto (NYSE: RTP), BHP Billiton (NYSE: BHP),(NYSE: GIS) was downgraded to a Hold from a Buy
Crystallex International (AMEX: KRY), Phelps Dodgeby Citigroup Investment Research, Volt Information
(NYSE: PD) Newmont Mining (NYSE: NEM), PeruSciences (NYSE: VOL) was downgraded to a Neutral
Copper (AMEX: CUP) and Bema Gold (AMEX: BGO)from a Buy by Sidoti & Co, Alexander &
should move higher as the metals begin to rebound. SoBaldwin (NASDAQ: ALEX) was downgraded to a Buy
lets look at this carefully today and going into thefrom an Average by Caris & Company, Maverick
weekend.Tube (NYSE: MVK) was downgraded to an Under
Lehman Brothers (NYSE: LEH) is looking to make aPerform from a Market Perform by Raymond James
slash in Asia, as they are prepared to invest US$20 toand to a Sell from a Hold by AG Edwards, and New
$30 million in Shenzhen Development Bank, which isCentury Financial (NYSE: NEW) was downgraded to a
one of only five banks listed in China. As we haveMarket Perform from a Market Outperform by JMP
been speaking about on "Wall Street to Main Street"Securities.
the expansion in both China and India will continueRecent analyst coverage initiations include Cognizant
because the market is so great. The inflation worriesTechnology (NASDAQ: CTSH) was initiate with a Hold
that have been dragging on the markets globallyrating by Clear Asset Management, Saxon Capital, Inc
cannot curb what is on tap to happen. If companies like(NYSE: SAX) was initiated with a Hold rating and a
Citigroup (NYSE: C), JP Morgan (NYSE: JPM), Goldman$10.25 price target by Deutsche Bank Securities,
Sachs (NYSE: GS), Bear Sterns (NYSE: BSC),Brown Show Inc (NYSE: BWS) was initiated with a
Lehman Brothers (NYSE: LEH) and UBS AG (NYSE:Buy rating by Sidoti & Co, Northstar
UBS) plan on competing in the future they have toNeurosciences (NASDAQ: NSTR) was initiated with
solidify themselves as global players now so they canan Outperform rating by Cowen & Co and
be well established for the future. This is beyond theMobility Electronics (NASDAQ: MOBE) was initiated
financial industry, this holds true for retail, food,with a Buy rating by Sidoti & co.
beverage, manufacturing and the automobile industry.FURIOUS FIVE
General Motors (NYSE: GM) amidst their bumps in theFor our outlook, and other vital information on the
road are growing nicely overseas, and believe it or notcompanies that we feature as the "FURIOUS FIVE" on
that is where the continued growth will be for a lot ofWall Street to Main Street just subscribe for FREE at
industries. So investors should look deeper into globalWe cannot stress enough that investors need to do
market conditions and take a good look at thetheir due diligence, call the companies, get the
companies that stand to benefit.information, consult with your investment advisor and if
Movers and Shakersyou do not have one consider getting one. Put the
Some major movers in yesterdays trading sessionsame time into investigating these companies as you
included Hansen Natural (NASDAQ: HANS) this seemsdo when you go to purchase a new television, it's only
to be a main stay on WSMS but the stock continuesfor your protection. When it comes to thinly traded
to swing almost on a daily basis, it traded up $7.81 tosecurities stagger your orders or put a limit order in to
close at $157.76 on Wednesday.avoid a run up.
As the base metals saw some light yesterday soNAMC Newswire Note
have the companies involved in the industry, CarpenterGo to the NAMC Newswire for updates at and you
Technology (NYSE: CRS) rose $4.19 to close atcan listen to the NAMC Radio for the audio version of
$99.37, the stock has fallen from their May 2006 high"Wall Street to Main Street" at
of $142.11. Keep in mind that prior to the spike in baseTo register to receive the Wall Street to Main Street
metals the stock was hanging in the $60 range, as weFree Daily Newsletter Click Here or go to our site and
said precious metals seem to have hit a relativeclick on the Newsletter section.
bottom, more so than base metals.CEO's that want to contact us can do so by going to
In a move that will put certain issues to bed for bothor call us at 888-463-9237.
German companies, Bayer (NYSE: BAY) and MerckLouis Victor
(NYSE: MRK) have come to terms and Bayer will payNAMC Newswire
Merck US$4.6 billion for its share of Schering, a move888-463-9237
that clears the way for Bayer to acquire Schering.Disclaimer:
This was good news for the street as Bayer roseNone of the information contained on the NAMC
$3.07 to close at $41.28 on Wednesday/Newswire constitutes a recommendation by the
After slipping from the $72 range in May 2006 andNAMC Newswire, its journalist, nor its parent company
closing as low as $56.86 in June, Nutrisystem, Incthat any particular security, portfolio of securities,
(NASDAQ: NTRI) on the heels of bump up fromtransaction, or investment strategy is suitable for any
Lazard Capital, rose $$2.84 to close at $59.70. Thespecific investors or person. Each individual investor
stock shot up in April from the mid $40 range to its 52must make their own independent decisions regarding
week high of $76.33 on a positive quarter and theany security, portfolio of securities, transaction, or
launch of a marketing campaigned geared towardsinvestment strategy featured on the NAMC Newswire
males. Now this quarter will tell the story ofor NAMC Radio Any past results are not necessarily
Nutrisystem and show whether this campaign met theindicative of future performance. The NAMC
expectations of not only the company but of theNewswire, its journalist nor its parent company does
street.not guarantee any specific outcome or profit, and all
Other stocks that made nice moves on Wednesdayinvestors should be aware of the real risk of loss in
include Casey's General Stores (NASDAQ: CASY)following any strategy or investments featured on the
traded up $4.04 to close at $24.83, PetroChina (NYSE:NAMC Newswire or the NAMC Radio. The strategy
PTR) traded up $3.84 to close at $94.47, Oil Servicesor investments discussed may fluctuate in price or
HOLDR's (NYSE: OIH) traded up $3.57 to close atvalue and investors may get back less than you
$135.67, Monster Worldwide (NASDAQ: MNST) tradedinvested. Before acting on any information featured on
up $3.36 to close at $38.94, Kookmin Bank (NYSE:the NAMC Newswire website or the NAMC Radio
KB) traded up $3.45 to close at $76.65 andsegment, investors should consider whether it is
SouthWestern Energy (NYSE: SWN) traded up $3.25suitable for their particular circumstances and strongly
to close at $28.05 on Wednesday.consider seeking advice from their own financial or
Under Teninvestment adviser. Investors are also urged to do their
Other stocks that made moves on the upside underown due diligence before investing in any security.
ten bucks include Gold Reserve Inc (AMEX: GRZ), theAll opinions featured on the NAMC Newswire or
stock moved up as the precious metals started to rise,NAMC Radio are based upon information that is
if this should continue they are one of a fewconsidered to be reliable, but neither the NAMC
companies that stand to make nice movement. GoldNewswire, its journalist, its parent company, affiliates
Reserve traded up 84 cents to close at $4.80 onnor assigns warrant its completeness or accuracy, and
Wednesday. Other stocks to look at under ten bucksit should not be relied upon as such. The statements
that stand to benefit for the bounce include Silverand opinions featured on the NAMC Newswire by its
Wheaton (NYSE: SLW), Crytallex International (AMEX:journalist are based on their outlook at the time of the
KRY) and Bema Gold (AMEX: BGO).statement or opinion, and are subject to change
Taser International (NASDAQ: TASR) made somewithout notice. NAMC may at times hold a position in
movement on the upside as its Chairman Phillips W.the companies that it features, in these cases
Smith bought $762,000 worth of the company's stock.appropriate disclosure is made.