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| PRIME
STOCK NEWSLETTER FOR August 13th, 2009 |
(If you do not see today's edition, please hit the refresh button) |
Position
Statement: In our Prime
Recommendation Letter we attempt to identify the
recommendation with the highest probability of
moving higher. We recommend that stop orders
be placed at the time of purchase, and once
the position has moved profitable we recommend
a stop be placed a minimum of $0.375 above the
purchase price and moved higher as the position
moves higher. |
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Today's Comments: The overall market finished Wednesday sharply higher in a broad based move that saw almost every sector index I track move lower on the day. The strongest sectors were the High Tech, Insurance, Airlines, Broker/Dealer, Biotech, Cyclicals, Transports, Commodities, Natural Gas, Oil & Gas, and Telecom indices. There was weakness in the Chemicals. Short bonds were strong as short term rates moved lower, however longer term bonds saw weakness as long term rates moved higher. Oil was higher on the day finishing up $0.53 @ $70.69, and Gold was down $0.40 to $951.00/ounce. One of the things I noticed in my review of the charts from yesterday's trading activity is that the chart patterns of the various sector indices are starting to show signs of weakening. A note of caution is somewhat advised..
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Recommendation: Buy
Informatica Corp. 'INFA' |
| Company: Informatica Corp. |
Symbol: 'INFA' |
Closing
Price: $19.05 |
Web: www.informatica.com |
YH: $19.23 YL: $10.42 |
EPS: $0.60 P/E: 32 |
Shares
Outstanding: 88 Million |
Forecasted
EPS:.$0.83 |
Market Cap.: $1.68 Billion |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 1.1 Million Shares |
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| Price Targets: $20.35, and then $27.62 |
Downside Stop: $18.47/share |
| Options Rec.: September 20 Calls @ $0.50/contract |
Options
Symbol: UYF ID |
Additional
information on Informatica Corporation 'INFA'' can be found (here)
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Company Description: Informatica Corporation provides enterprise data integration and data quality software and services in the United States and internationally. Its software handles various enterprise-wide data integration initiatives, including data migration, data consolidation, data synchronization, data warehousing, and data quality, as well as the establishment of data hubs, data services, cross-enterprise data exchange, and integration competency centers. The company offers PowerCenter Standard Edition, an enterprise data integration platform that consists of global metadata infrastructure and graphical user interface based development and administration tools; and PowerCenter Advanced Edition offering metadata analysis, team-based development, data analyzer, and Web-based reporting. It also provides PowerExchange, which provides access to data in various enterprise data systems, including enterprise applications, databases and data warehouses, mainframes, and midrange systems; Data Explorer for to create a complete picture of the content, quality, and structure of enterprise data; Data Quality to give control of data quality processes to the business user; and Data Exchange that enable the automated transformation of complex data, including unstructured data, semi-structured data, and complex structured data for integration and business to business (B2B) data exchange. Informatica serves energy and utilities, financial services, government and public sector, healthcare, high technology, insurance, manufacturing, retail, services, telecommunications, and transportation sectors. The company distributes its products through direct sales, systems integrators, resellers, distributors, and original equipment manufacturers. Its strategic partners include Accenture, Affecto, EDS/Hewlett-Packard, IPI Grammtech, Microstrategy, STK Consultoria, Tata Consultancy Services, Team DNA, Teradata, and Wipro. The company was founded in 1993 and is headquartered in Redwood City, California..
Chart updates daily |
A
full list of the news headlines
for Informatica Corporation 'INFA'' can
be found (here) |
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Our Analysis: The shares of Informatica Corporation 'INFA' set a new multi-year closing high on heavier than normal trading volume. In the process the shares of 'INFA' completed a "cup pattern" with a measured move to our lower price target of $20.35/share. If the shares of 'INFA' close above $19.31/share, as I expect they will, then they will have completed another larger, longer term "cup pattern" with a measured move to our upper price target of $27.62/share. I see downside support on the shares of 'INFA' @ $18.93/share, and have set my stops accordingly at $18.47/share.
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Stocks
Looking Higher |
NTY, AWH, ODFL, SBUX, PJC, CREE, LZ, CSC, BLL, INFA, WDC, GSB, MV, HIG, M, DELL, WMT, X, HPQ, HD, STX, IP, FLEX, UTX, MXIM, ALL, RCL, GME, HON, AFL, CCL, NSC, CRM
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Stocks Looking Lower |
GE, ORCL, SLE, JASO, PALM, LOW, KO, NLY, ADM, VLO, MON, LLY, BBY, PEP, BP, WIN |
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| Yesterday's
Edition of the Prime Stock Newsletter |
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