Market Report

Market Report & 10 Stocks to Watch this Week

Stock Market Info

.DJIA: 12380.05
.COMP: 2780.42
.S&P 500: 1328.17
Russell 2000: 840.89
Crude Oil: 112.79
Natural Gas: 4.041
Gold (Troy Ounce): 1473:40

Friday’s Most Active Stocks

Citigroup (C)
SPDR S&P 500 (SPY)
Bank of America (BAC)
Cisco Systems (CSCO)
I Shares Russell 2000 (IWM)
Select Sector SPDR-Fin (XLF)

Friday’s Percentage Gainers
China Auto Sys (CAAS) +32.56
Synthesis Energy Systems (SYMX) +19.49
Genetic Techs (GENE) +19.25

Friday’s Percentage Losers
Puda Coal (PUDA) -34.07
SinoCkng Coke Chem -21.41
Aoxing Pharma (AXN) -18.73

US Markets:

Last week we saw negative to mixed results in the three major indices. These results were based somewhat on being somewhat on the market being overbought and the looming threat of a government shutdown. Both the Nasdaq Composite and the S&P 500 Index closed down 0.3%. The Dow closed basically even, but up less than 0.1%.

10 Stocks to Watch for Next Week :

Alcoa (AA:NYSE) Reports earnings on Monday and traded lower on Friday. Shares of Alcoa will certainly be a market indicator for the early part of next week.

Golar LNG Partners (GMLP:NASDAQ) In IPO news GMLP closed up roughly 10% on Friday. Commodity based IPO’s remain in demand and GMLP outperformed most IPO buyers predictions. Many thought this deal would trade with a .50 cent to $1 premium and GMLP beat that mark handily.

Cisco Systems (CSCO:NASDAQ) We mentioned CSCO a couple of times last week based on the potential of shareholder activists pushing Chambers to unlock value. The stock traded lower on Friday after a nice move higher. Value buyers could step in if the market is up early in the week.

3Power Energy Group (PSPW:OB) The green energy play is the top message board on IHUB at the time of this entry. This often leads to an active next day. Higher oil tomorrow wouldn’t hurt.

Silver Wheaton (SLW:NYSE) The silver streamer remains one of the best way to play this silver stocks rally. Seems to have eyes on the $50 “psyche level” , but be careful of a pullback. It could be fast and furious.

Novatel Wireless (NVTL:NASDAQ) Seems to be popular with bottom fishers and is trending on the Yahoo Market Pulse function. Needs to defend the $5 handle.

Corning (GLW:NYSE) Was down over 3% Friday and just seems to be in no mans land on a technical basis. Probably best to stay away from this name on both a long or short basis.

Ido Security (IDOI.OB) Sub penny stock name was technically up 100% on Friday. Despite the low dollar volume, moves like this often draw attention over weekends.

Molycorp (MCP:NYSE) Still looks strong, even after a monster run last week. Although, MCP didn’t follow through and squeeze shorts when a Colorado Congressman who is in favor of a rare earth reserve appeared on CNBC mid-day. Up or down, you have to keep all rare earth stocks on the radar screen. They are just too volatile not to watch.

Pfizer (PFE:NYSE) Pfizer was one of those low P/E, big revenue, low risks plays when it was in the teens. It was common knowledge that hedge funds were all over it a few points back. Were they buying in advance of the Capsugel Spinoff ? Or will they cash in the chips on Monday or Tuesday ? We will see next week.

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