Monday, March 29, 2010

Stock Market Oracle pick of the week!

Western Digital Corporation (WDC)

This stock is a great undervalued buy.

Western Digital Corporation engages in the design, development, manufacture, and sale of hard drives worldwide. The company's hard drives are used in desktop computers, notebook computers, enterprise storage, workstations, video surveillance equipment, networking products, digital video recorders, satellite and cable set-top boxes, and external storage appliances. Western Digital Corporation sells its products to original equipment manufacturers and original design manufacturers for inclusion in computer systems or subsystems, distributors, resellers, and retailers. It has a collaboration agreement with NEC Electronics Corp. to promote the SuperSpeed Universal Serial Bus 3.0 standard, an interface to be used in a range of electronic devices, including personal computers (PC), PC peripherals, and digital appliances.

Entry point: $40.00 or below
Exit point: $50.00
time frame: 3-4 months

Kellogg (k) downgraded march 29th 2010

Kellogg was downgraded today by BMO Capital Markets from outperform to market perform. The stock price was slightly up .10 to 53.86

Thursday, March 25, 2010

Nike (NKE)

Sentiment: Bullish

Great company. Awesome product mix. Third quarter profit more than doubled. Cramer came out and set a $100 price target. Sick balance sheet. Almost no debt. HSBC came out today and upgraded from neutral to overweight. 3 upgrades in the past 3 months.

Background:
Nike, Inc. designs, develops, and markets footwear, apparel, equipment, and accessory products worldwide. The company offers various categories of shoes, including running, training, basketball, soccer, sport-inspired urban shoes, and kids’ shoes. It also provides shoes for aquatic activities, baseball, football, cheerleading, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and various athletic and recreational uses. In addition, the company offers sports-inspired lifestyle apparel, athletic bags, and accessory items. Further, it provides a line of performance equipment, including bags, socks, sport balls, eyewear, timepieces, electronic devices, bats, gloves, protective equipment, golf clubs, and various equipments designed for sports activities under the NIKE brand name, as well as markets apparel with licensed college and professional team and league logos. Additionally, it offers licenses to produce and sell NIKE brand swimwear, children’s apparel, training equipment, eyewear, electronic devices, and golf accessories. The company also markets its products under the brand names of Converse, Chuck Taylor, All Star, One Star, Umbro, Jack Purcell, Cole Haan, Bragano, and Hurley. It sells its products to retail accounts through stores, independent distributors, and licensees, as well as through its Website, nikestore.com. As of May 31, 2009, Nike, Inc. operated 338 retail stores in the United States and 336 retail stores internationally. The company was founded in 1964 and is headquartered in Beaverton, Oregon.

Buy anywhere below 75. Look to sell around 85. Take the money and run!

Hi Tech Pharmacal Co. Inc. (HITK)

Sentiment: Bullish

Awesome small cap company. Undervalued compared to it's peers. Great blance sheet. Low p/e. Consistently beats estimates.

Background:
Hi-Tech Pharmacal Co., Inc. develops, manufactures, markets, and sells generic, prescription, over-the-counter (OTC), and nutritional products in liquid and semisolid dosage forms in the United States. It produces a range of products for various disease states, including asthma, bronchial disorders, dermatological disorders, allergies, pain, stomach, oral care, neurological disorders, glaucoma, and other conditions. The company’s generic pharmaceutical products include oral solutions and suspensions, topical creams and ointments, and nasal sprays. Hi-Tech Pharmacal Co. also manufactures and sells liquid ophthalmic, otic, and inhalation products, as well as cough and cold products and prescription vitamins. It markets a line of branded products that include OTC, nutritional lines, and prescription products primarily for people with diabetes. The company’s product line comprises Diabetic Tussin for the treatment of cough; Zostrix for pain relief; DiabetiDerm, a dermatological and footcare product line; Multibetic, a multivitamin product; DiabetiSweet, a sugar substitute; Nasal Ease for allergy relief; and Mag-Ox line of magnesium nutritional supplements. It offers its products to chain drug stores, drug wholesalers, managed care purchasing organizations, certain Federal government agencies, generic distributors, mass merchandisers, and mail-order pharmacies. The company was founded in 1982 and is based in Amityville, New York.

Look for stock to move to 30 within 3 months

Bullish report

Noble Energy (NE)
Sentiment: Bullish

Solid balance sheet. Trading around 10% below 52 week high. Low P/E and PEG. Decent margins and ability to pay debtors. Solid company.