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Tuesday, December 27, 2011

Hot Stocks to watch & Top China Stocks to buy penny stock & mid cap stocks

Tuesday's session are Sears Holdings Corp. (SHLD), Mead Johnson Nutrition Co. (MJN) and Quicksilver Resources Inc. (KWK).
Sears Holdings said it expects to close roughly 100 stores in a bid to revitalize its business and reduce expenses, while also reporting continued sales struggles in the latest quarter. The company's shares tumbled 9.5% to $41.50 premarket. 
Mead Johnson Nutrition said on Sunday that a new round of tests done on its Enfamil Premium Newborn infant formula found no trace of the bacteria tied to the death of a baby in Missouri. Last week national retailers including Wal-Mart Stores Inc. (WMT), Walgreen Co. (WAG), Kroger Co. (KR) and Safeway Inc. (SWY) pulled a batch of the powdered infant formula from their shelves. Shares of Mead Johnson traded up 6.5% to $69.55 premarket. 

Seaspan Corp. (NYSE:SSW) is trading closest to theoretical highs but is far from being overbought. ChinaCast Education (NASDAQ:CAST), LDK Solar (NYSE:LDK) and Fushi Copperweld (NASDAQ:FSIN) have solid momentum from last week but are volatile stocks by nature. China XD Plastics (NASDAQ:CXDC) is another interesting stock to follow lately from the overbought screen. Stocks of interest on the oversold screen include Jiayuan.com International Ltd. (NASDAQ:DATE), E-House Holdings (NYSE:EJ), Baidu.com Inc. (NASDAQ:BIDU) and Sina Corp. (NASDAQ:SINA).
Quicksilver Resources has formed a partnership with private-equity firm Kohlberg Kravis Roberts & Co. (KKR) to construct and operate natural gas midstream services in Canada. Quicksilver Resources's shares added 3.5% to $7.20 premarket. 
MetLife Inc. (MET) said GE Capital Financial Inc. will acquire most of its U.S. retail deposit business as the insurance company looks to end its stint as a bank holding company. Financial terms of the deal, which is expected to close in the second quarter, weren't disclosed. Shares of MetLife climbed 2.9% to $32 premarket. 
Small cap ChinaCast Education (NASDAQ:CAST) and China Transinfo (NASDAQ:CTFO) are hard to read by technical indicators. These stocks had a wild ride in the past and thus investors have to exercise caution going forward.
LDK Solar (NYSE:LDK) pulled back last Friday and is looking good going ahead. But this is a high risk / high return stock, something investors should not forget. Outlook for Chinese PV manufacturers depends on outlook in Europe, something that's been very volatile in the past. Nevertheless upside is possible for the stock according to the screen below.
China XD Plastics (NASDAQ:CXDC) and Fushi Copperweld (NASDAQ:FSIN) are stocks with sound momentum. Both are trading abiove their 50-DMA and 200-DMA, a good sign for chartists. 
NYSE:EJ) has been trading in a narrow range lately and is back to 52 week lows. While the stock is not considered oversold, investors should give it a second look.
Baidu.com Inc. (NASDAQ:BIDU) and Sina Corp. (NASDAQ:SINA) are not oversold per say but are still among the 25 most oversold stocks today. Needless to say, both value stocks offer upside potential!

Cal-Maine Foods Inc.'s (CALM) income jumped 53% in its fiscal second-quarter as strong retail demand during the holidays and higher selling prices helped offset higher feed costs. Cal-Maine's shares rose 5.1% to $35.99 in light premarket trading. 
Perfumania Holdings Inc. (PERF) agreed to acquire Parlux Fragrances Inc. (PARL) for about $170 million in cash and stock. The deal values shares of Parlux, which jumped 95% to $6.75 in premarket trading, between $7.91 and $8.55 apiece, depending on stockholders' choice of compensation. 
Acadia Pharmaceuticals Inc. (ACAD) intends to offer up to 20 million shares of its common stock, a move that could boost the number of shares outstanding by nearly 38%. Shares of the biopharmaceutical company slipped 6.5% to $1.16 in recent premarket trading. 
Watch List: 
 
Oil-and-gas exploration company Endeavour International Corp. (END) said it agreed to acquire ConocoPhillips's (COP) interest in three producing U.K. oil fields in the Central North Sea for $330 million, including about $94 million in tax attributes, building on Endeavour's North Sea holdings.
Fresh off a trademark dispute that forced Research In Motion Ltd. (RIMM, RIM.T) to rename its next line of BlackBerry phones, the company is in the midst of another legal battle over the use of the name of its popular instant-messaging service, BBM, The Wall Street Journal reported Friday. 
Wendy's Co. (WEN) said it plans to open about 100 restaurants in Japan over the next five years, following the recent grand opening of its first Japanese joint venture location in Tokyo. 
good sign for chartists.
OB_20111227
A good size bump last week helped offset earlier losses of Jiayuan.com International Ltd. (NASDAQ:DATE). The stock is trading just below its trading envelope and is not oversold anymore.
E-House Holdings (NYSE:EJ) has been trading in a narrow range lately and is back to 52 week lows. While the stock is not considered oversold, investors should give it a second look.
Baidu.com Inc. (NASDAQ:BIDU) and Sina Corp. (NASDAQ:SINA) are not oversold per say but are still among the 25 most oversold stocks today. Needless to say, both value stocks offer upside potential!
OS_20111227
Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.
Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.

aa_OBOS_expl_2weeks


 

Westmoreland Coal Co. (WLB) said it plans to pay about $74 million in cash and assume roughly $118 million in liabilities to purchase a Wyoming coal mine from a Chevron Corp. (CVX) unit.
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