BALTIMORE (Stockpickr) -- So much for the stock market free-for-all that was supposed to come with the Fed's plan's not to taper. Yesterday, stocks closed down for a fifth straight day, quite a streak in 2013.
To be fair, the market hasn't exactly been moving straight down. But since Bernanke and company announced that they'd continue their buying programs, the S&P 500 has actually lost 1.9% of its value.
Heh, if the market had priced in the taper -- as so many argued it had -- then you could make a case that stocks are actually pretty cheap right now.
All of this week's drama from the financial wires and Capitol Hill and aside, we're still in a vey tradable market right now. That's especially true in a handful of the biggest names on Wall Street. That's why we're taking a closer technical look at five of them today.
If you're new to technical analysis, here's the executive summary.
Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.
Top Performing Companies To Own For 2015: CVS Corporation(CVS)
CVS Caremark Corporation operates as a pharmacy services company in the United States. The company?s Pharmacy Services segment provides a range of pharmacy benefit management services, including mail order pharmacy services, specialty pharmacy services, plan design and administration, formulary management, and claims processing; and drug benefits to eligible beneficiaries under the Federal Government?s Medicare Part D program. This segment primarily serves employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans, and individuals. As of December 31, 2010, it operated 44 retail specialty pharmacy stores, 18 specialty mail order pharmacies, and 4 mail service pharmacies located in 25 states, Puerto Rico, and the District of Columbia. This segment operates business under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, CarePlus, RxAmerica, Accordant, and TheraCom names. The company?s Retail Pharmacy segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, seasonal merchandise, greeting cards, and convenience foods through its pharmacy retail stores and online, as well as offers film and photo finishing, and health care services. This segment operated 7,182 retail drugstores located in 41 states, Puerto Rico, and the District of Columbia; and 560 retail health care clinics in 26 states and the District of Columbia under the MinuteClinic name. It has a strategic alliance with Alere, L.L.C. for the management of disease management program offerings that cover chronic diseases, such as asthma, diabetes, congestive heart failure, and coronary artery disease. CVS Caremark Corporation was founded in 1892 and is based in Woonsocket, Rhode Island.
Advisors' Opinion:- [By Kelley Wright]
CVS Caremark (CVS) is the 800lb gorilla in this space. An ��+��S&P Quality Ranking, and free operating cash flow of three times the dividend. CVS just produces year in and year out.
Chevron (CVX) is just a beast. There's a lot to like here: A $4.00 per share dividend; an S&P ��+��Quality Ranking, and a Dividend Aristocrat to boot. A must position for a quality portfolio.
Top 5 Cheap Stocks To Watch Right Now: Capstone Turbine Corporation(CPST)
Capstone Turbine Corporation develops, manufactures, markets, and services turbine generator sets and related parts for use in stationary distributed power generation applications. Its stationary distributed power generation applications include cogeneration combined heat and power (CHP), integrated (CHP), resource recovery, and secure power, as well as combined cooling, heat, and power; and its products are used as battery charging generators for hybrid electric vehicle applications. The company primarily offers microturbine units, subassemblies, and components. It also provides various accessories, including rotary gas compressors with digital controls, heat recovery modules for CHP applications, dual mode controllers that allow automatic transition between grid connect and stand-alone modes, batteries with digital controls for stand-alone/dual-mode operations, power servers for multipacked installations, and protocol converters for Internet access, as well as frames, ex haust ducting, and installation hardware. Further, it remanufactures microturbine engines; and provides after-market parts and services, scheduled and unscheduled maintenance, and factory and on-site training services. The company?s microturbines can be fueled by various sources, including natural gas, propane, sour gas, landfill or digester gas, kerosene, diesel, and biodiesel. It primarily sells its products directly to end users, as well as through distributors in North America, Asia, Australia, Europe, the Russian Federation, and South America. Capstone Turbine Corporation was founded in 1988 and is based in Chatsworth, California.
Advisors' Opinion:- [By Dan Caplinger]
On Thursday, Capstone Turbine (NASDAQ: CPST ) will release its latest quarterly results. But lately, investors have already anticipated some huge results from the company, having bid the shares up by about 50% in just the past several weeks. Can Capstone deliver on what investors want to see?
- [By Roberto Pedone]
Capstone Turbine (CPST) develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. This stock closed up 2.5% to $1.22 in Tuesday's trading session.
Tuesday's Range: $1.19-$1.23
52-Week Range: $1.07-$2.60
Tuesday's Volume: 6.73 million
Three-Month Average Volume: 3.66 millionFrom a technical perspective, CPST bounced notably higher here right off some near-term support at $1.20 with strong upside volume flows. This stock has been uptrending marginally over the last week or so with heavy upside volume flows. This move has now pushed shares of CPST within range of triggering near-term breakout trade. That trade will hit if CPST manages to take out Tuesday's intraday high of $1.23 to its recent gap-down-day high of $1.30 with high volume.
Traders should now look for long-biased trades in CPST as long as it's trending above its recent low of $1.11 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.66 million shares. If that breakout triggers soon, then CPST will set up to re-test or possibly take out its next major overhead resistance levels at $1.42 to $1.45, or even $1.55 to $1.60.
Top 5 Cheap Stocks To Watch Right Now: Sirius XM Radio Inc.(SIRI)
Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. It broadcasts a programming lineup of approximately 135 channels of commercial-free music, sports, news and information, talk and entertainment, traffic, and weather on subscription fee basis through two satellite radio systems in the United States; and holds an interest in the satellite radio services offered in Canada. The company also simulcasts music and selected non-music channels over the Internet; and offers applications to allow consumers to access its Internet services on mobile devices. As of December 31, 2010, it had 20,190,964 subscribers. In addition, the company designs, establishes specifications, sources or specifies parts and components, and manages various aspects of the logistics and production of satellite radios; licenses its technology to various electronics manufacturers to develop, manufacture, and distribute radios under various brands; and imports radios distri buted through its Websites. The company?s satellite radios are primarily distributed through automakers, retailers, and its Websites. Further, it provides music services for commercial establishments; a satellite television service to offer music channels as part of certain programming packages on the DISH Network satellite television service; music and comedy channels to mobile phone users through mobile phone carriers; Backseat TV, a service offering television content designed primarily for children in the backseat of vehicles; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and real-time traffic and weather services. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
Does the dealer lose money on recalls? Generally, no.
Labor rates vary by dealer, but at $100 per hour, that would be $150, with another $89.68 for parts, he said, for a total $240. Dealers make a profit on the parts and technician labor, and the work helps pay for other service staff and overhead, Huffines said by email. A service manager at Raymond Chevrolet put the total cost of a Cobalt recall fix from his lot at $260 for GM. GM said the repair took 90 minutes and declined to comment on the cost. Huffines concluded, "Does the dealer lose money on recalls? Generally, no. Does the dealer make a very nice profit on recalls? Generally, no." The biggest cost to GM, Huffines said, was car rentals offered to ignition switch recall customers, which could be $1,000 to $2,500. GM said 83,000 cars had been loaned to customers. Dealers with their own fleets of service cars love the loaner car option. Mike Bowsher, co-chairman of the GM Dealers Executive Board and president of the Carl Black Automotive Group, based in the Atlanta area, said his four stores sold 10 cars in one week to people who came in for recall repairs. Some bought the loaner cars. Meanwhile, his parts and service business has set records three months running, thanks to the chance to upsell customers who might otherwise bypass the dealership for repair work. "I would have never had a shot at that," he said. Recalls, the 'New Normal' A massive recall by Toyota (TM) in 2009 and 2010 had an immediate effect on the Japanese automaker's U.S. sales, in contrast to GM this year. GM's recalls have come at a time when the economy is healthier, and the company has benefited from the fact that the recalls linked to fatalities are from discontinued models, said Kelley Blue Book senior analyst Karl Brauer. There may be a bigger issue, as well: recalls have become commonplace for almost every automaker, turning into "white noise" for consumer, say analysts and dealers alike. Ray Scarpelli said that with - [By Jon C. Ogg]
The Bank of America Merrill Lynch team, led by Jessica Reif Cohen, is reinstating Sirius XM Holdings Inc. (NASDAQ: SIRI) with a Buy rating on the heels of the new Liberty Media strategy. What really stands out is that the Merrill Lynch team is looking for almost 50% upside.
- [By Rick Munarriz]
Things never get dull for the country's lone satellite-radio provider. Shares of Sirius XM Radio (NASDAQ: SIRI ) moved sharply lower on the week, shedding 3.7% to hit $3.15. The media darling's drop was roughly twice as bad as the more modest declines for the Dow and the Nasdaq.
- [By Rick Munarriz]
Sirius XM Radio (NASDAQ: SIRI ) is borrowing money again. The satellite radio monopoly this morning announced its intention to raise�$750 million in the form of senior notes that will come due in 10 years.
Top 5 Cheap Stocks To Watch Right Now: Wendy's/Arby's Group Inc.(WEN)
The Wendy's Company operates as a quick-service hamburger company in the United States. The company, through its subsidiary, Wendy's International, Inc., operates as a franchisor of the Wendy's restaurant system. As of December 26, 2011, the Wendy's system comprised approximately 6,500 franchise and company restaurants in the United States and the United States territories, as well as in 26 other countries worldwide. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1884 and is headquartered in Dublin, Ohio.
Advisors' Opinion:- [By Ben Eisen]
Quarterly earnings reports pushed Whole Foods Market Inc. (WFM) �and Wendy�� Co. (WEN) �lower in premarket trade Thursday.
- [By Lauren Pollock]
Office Depot Inc.(ODP) has added a second former Wendy's Co.(WEN) executive to the office retailer’s new executive team, naming Stephen Hare to serve in the chief financial officer role, effective immediately.
- [By Michael Flannelly]
KeyBanc analysts upgraded fast food restaurant operator The Wendy’s Co (WEN) on Friday, noting that the company has a number of positive developments that could provide a floor for the stock.
The analysts upgraded WEN from “Underweight” to “Hold.”
KeyBanc analyst Christopher O’Cull said, “We are raising our rating for The Wendy’s Company to HOLD as we believe: 1) Wendy’s SRS performance will diverge from the industry for the foreseeable future as new products are supported by more effective use of marketing dollars; 2) better menu and promotional management will lead to improved franchisee profitability (a focus of the new CFO Todd Penegor); and 3) the opportunity to extend the re-franchising program will provide a floor on the stock.”
Wendy’s shares were up 7 cents, or 0.81%, during pre-market trading on Friday. The stock is up 57.01% year-to-date.
- [By Lauren Pollock]
Among the companies with shares expected to actively trade in Thursday’s session are J.C. Penney Co.(JCP), Wendy's Co.(WEN) and�Activision Blizzard Inc.
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