Monday, June 17, 2013

6 US IPOs planned for the week of Jun 17

Some of my Twitter followers already got this information but this article is for my blog subscribers who do no have Twitter accounts.

Aratana Therapeutics ( PETX ), which is developing medications for cats and dogs based on therapies for humans, plans to raise $51 million by offering 4.3 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Aratana Therapeutics would command a market value of $217 million. Aratana Therapeutics was founded in 2010. The Kansas City, KS-based company plans to list on the NASDAQ under the symbol PETX. Stifel and Lazard Capital Markets are the joint bookrunners on the deal. 

bluebird bio ( BLUE ), which is developing gene therapies for severe genetic and orphan diseases, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, bluebird bio would command a market value of $374 million. bluebird bio, which was founded in 1992, booked $1 million in sales over the last 12 months. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol BLUE. J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. 

Gogo ( GOGO ), the leading provider of in-flight WiFi on commercial and business jets, plans to raise $176 million by offering 11.0 million shares at a price range of $15.00 to $17.00. At the midpoint of the proposed range, Gogo would command a market value of $1.4 billion. Gogo, which was founded in 1991, booked $250 million in sales over the last 12 months. The Itasca, IL-based company plans to list on the NASDAQ under the symbol GOGO. Morgan Stanley, J.P. Morgan and UBS Investment Bank are the joint bookrunners on the deal. 

PTC Therapeutics (PTCT), a biotech targeting rare forms of muscular dystrophy and cystic fibrosis, plans to raise $100 million by offering 6.9 million shares at a price range of $13.00 to $16.00. At the midpoint of the proposed range, PTC Therapeutics would command a market value of $322 million. PTC Therapeutics, which was founded in 1998, booked $29 million in sales over the last 12 months. The South Plainfield, NJ-based company plans to list on the NASDAQ under the symbol PTCT. J.P. Morgan and Credit Suisse are the joint bookrunners on the deal. 

Regado Biosciences ( RGDO ), which is developing break-through anticoagulant system for cardiovascular surgeries, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Regado Biosciences would command a market value of $219 million. Regado Biosciences, which was founded in 2001, booked $0 million in sales over the last 12 months. The Basking Ridge, NJ-based company plans to list on the NASDAQ under the symbol RGDO. Cowen & Company and BMO Capital Markets are the joint bookrunners on the deal. 

Votorantim Cimentos S.A. (VEBM), Brazil's largest cement producer with 37% market share, plans to raise $3.4 billion by offering 200.0 million shares at a price range of $15.59 to $18.51. At the midpoint of the proposed range, Votorantim Cimentos S.A. would command a market value of $17.9 billion. Votorantim Cimentos S.A., which was founded in 1933, booked $4.9 billion in sales over the last 12 months. The São Paulo, Brazil-based company plans to list on the NYSE under the symbol VEBM. Morgan Stanley, J.P. Morgan, Itau BBA and Credit Suisse are the joint bookrunners on the deal. (Please note: Dual listing on NYSE and São Paulo Stock Exchange.) 

Read more: http://www.nasdaq.com/article/6-us-ipos-planned-for-the-week-of-jun-17-cm253464#ixzz2WWz2xq1g


A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

Wednesday, June 12, 2013

Why ATRO shares will hit $60 this year

Astronics Corporation (ATRO) designs, manufactures, and markets specialized lighting, control systems, and electronics for the cockpit, cabin, and exteriors of military, commercial jet, and general aviation aircraft. Read more here

Why Buy? - ATRO has a Market Cap $575 million with P/E 25. Revenue projected to grow 18.60% this year and another 16.40% next year. Earnings estimated to increase 40.90% this year, an additional 23.60% next year and continue to increase by 19.00% annually for the next 5 years. Astronics Corporation’s first quarter earnings per share came in at 56 cents. The results benefited from strong performance from both Aerospace and Test Systems. In addition, selling, general and administrative expenses, as a percentage of total revenue, declined 120 basis points in the reported quarter, benefiting margins.

Astronics Corporation’s total revenue in the first quarter increased 13.6% year over year. Strong orders booked by the company are also evident from its growing backlog. Astronics Corporation exited the first quarter 2013 with a backlog of $118.9 million, up 3.9% sequentially.

Bullish comments from CEO - CEO Peter Gundermann said Astronics was tracking toward the high end of its previous guidance and will update its outlook in the second quarter. The revenue forecast remains at $280 million to $310 million, with nearly all of that coming from the aerospace segment. According to Motley For a modest earnings beat, the 10% jump may seem a little exaggerated, but the pieces seem to be coming together for Astronics to have a stellar 2013. Gundermann noted that sales were "strong across the majority of our markets and product lines." Combine that prospect with the promising guidance, which would seem to indicate that the second quarter has gotten off to a good start, and I wouldn't be surprised to see Astronics bump up its guidance in its next report.

Here are its key stats -  Click here

On an yearly EPS of $2.24 if you throw a PE of 25 then this stock should be trading at $56 with current estimates and considering the assumptions like management raising the guidance in 2nd Quarter as Motley predicts and couple upgrades from Wall Street Boutiques will take ATRO to $60 Plus. I bought it today at $39.65 and will add on pull backs. This stock has been doing pretty good compared to its peer in this volatile market.

Tech signs are very bullish - With a 14 Day RSI of 80 the stock closed at $39.78 and if the 14 Day RSI drops to 50 (which I doubt) the stock will be trading at $36, at which there is be lot of support for it. Keep in mind nothing goes up straight and nothing goes down forever. I liked it at $39.65 and if it drops to $36 I would add more. Coming to upside like I quoted above, it will eventually reach $60 with resistance at various levels which is obvious for any stock.

A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

Tuesday, June 11, 2013

My Twitter followers made 70% on BEAT today !!!

This is why I advise my trader friends and my blog subscribers to follow me on twitter @incredibletrade. I posted about BEAT on twitter as soon as it hit my radar on June 4th. I liked the momentum at $3 where I got in and stock action kind of made me think that a major push is going to happen soon. Last night there was a PR about UnitedHealth coverage deal click here which is a huge deal for this small cap company and the stock soared 70% today !!!

Stocks on watch for tomorrow are FORM, CRMD, CPRX off chart setups.

Current holdings - WLDN, LPTH, WPCS, NFEC, TISA, XRSC, CRV, DRAM, OXBT, SEV, PXLW

LPTH : Homing Pigeon candle chart pattern is seen in LPTH which indicates that there is a weakening of the current downward trend and good for traders to exit short positions and begin to enter into long positions

A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

Tuesday, June 4, 2013

New Watchlist - LPTH New Pick !!! PXLW up 25% after alert !!!

That was a great timing when it comes to PXLW alert on 05/31 when the stock was at $3. There was an SA article , with price target of tripe, close to $10 from here (keep in mind that the guy who wrote this article also wrote about HIMX and moved it big time from low 4s to high 7s!!!) + news about company to demonstrate its technology for the highest quality video on Windows 8™ Tablets and Ultrabooks based on Intel’s 4th generation Core™ processors at COMPUTEX TAIPEI. The stock soared 25% and closed at $3.75 today. The stock is going to have great time from here on...Congrats if you bought it along with me otherwise any pull back is a Strong Buy ! Clik here to read Seeking Alpha article about PXLW 

Our new stock for today is LPTH (LightPath Technologies Inc) LightPath Technologies, Inc. engages in the design, development, manufacture, and distribution of optical components and assemblies in the United States and internationally. The company provides precision molded glass aspheric optics, isolators, proprietary high performance fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.

Why Buy? LPTH popped on my screen among the list of stocks that are making 52 week highs...I get a ton everyday but I pick only couple that meet my criteria. LPTH has everything that I look for. I decided to take long position after reading its recent earnings release and reading CEO's bullish comments of their future. Then I realized that Zacks upgraded it on 05/31 from Buy to Strong Buy, which was catalyst for today's move. I think the stock will go parabolic before correcting. This will be a hot stock for traders who moved stocks like RVLT, CIMT and others recently. LPTH has a low float of 10 million shares so the price movements will be crazy !.

Here are its 3rd Quarter numbers - http://finance.yahoo.com/news/lightpath-technologies-announces-profitable-third-200000202.html

Here is Zacks Upgrade - http://www.zacks.com/stock/news/100609/strong-buy-on-lightpath-technologies

Here is the thing...When stocks move on heavy volume and price appreciation it catches the attention of active traders and analysts who come up with their analysis and blog on Seeking Alpha and other sites...If there is a positive write up about LPTH in the next couple days I think we will be seeing it at $3.50 otherwise it has potential to hit $2 in short term..pull back...consolidate and make news highs in 2013.

Daily chart looks overbought but in a bull market stocks remain overbought for little while before market corrects them...any pull back to $1.20 is a gift !!!

I am long LPTH and PXLW.

A general Caution and Advise - As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

Who is Mr.Incredible?

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Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!