Referencing my weekly stock radar from Sunday night, I am highlighting a few of the charts below for potential trades. With Retail Sales data in the morning and the Fed Report in the afternoon, tomorrow should have plenty to focus on. Europe, as always, is another twist we must be prepared for. If we can accept Europe for a while, we should see some positive seasonality into the end of the year. I am looking for that positive sentiment to take hold shortly, but only dipping my toes in the water for now rather than being aggressive. We need confirmation first rather than blindly betting on the seasonality.
I’m eying charts that are showing strength with established trendline support levels for favorable risk-reward buys. In a good market, I am more than willing to buy on breakouts expecting momentum traders to follow. In this market, I am finding that many breakouts are fizzling fast due to overall fearful sentiment. With that being said, I am more inclined to make moves near trendline support rather than breakouts.
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Yahoo Finance Profile:
Bebe stores, inc. engages in the design, development, and production of womens apparel and accessories. Its products include a range of separates, tops, dresses, active wear, and accessories in career, evening, casual, and active lifestyle categories. The company markets its products under the bebe, BEBE SPORT, bbsp, and 2b bebe brand names targeting 21 to 34-year-old woman. As of July 2, 2011, it operated 252 retail stores, and an online store at bebe.com in the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Japan, and Canada, as well as 60 international licensee operated stores in south east Asia, the United Arab Emirates, Israel, Russia, Mexico, and Turkey. The company was founded in 1976 and is headquartered in Brisbane, California.
Yahoo Finance Profile:
Flotek Industries, Inc., together with its subsidiaries, develops and supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. The company operates in three segments: Chemicals, Drilling, and Artificial Lift. The Chemicals segment designs, develops, manufactures, packages, and markets specialty chemicals used by oilfield service companies in oil and natural gas well drilling, cementing, stimulation, and production activities. This segment also designs, operates, and manages automated bulk material handling and loading facilities for oilfield service companies that handle oilfield products, including sand and other materials for well-fracturing operations, dry cement and additives for oil and natural gas well cementing, and supply materials used in oilfield operations. The Drilling segment manufactures, sells, rents, and inspects specialized equipment for use in drilling, completion, production, and workover activities. Its rental tools include stabilizers, drill collars, reamers, wipers, jars, shock subs, wireless survey, and measurement while drilling tools, and mud-motors; and equipment comprises mining equipment, centralizers, and drill bits. This segments downhole drilling tools are used in the oilfield, mining, water-well, and industrial drilling activities. The Artificial Lift segment manufactures and markets artificial lift equipment, such as the Petrovalve line of rod pump components, electric submersible pumps, gas separators, valves, and services to support coal bed methane production activities. The company sells its products directly and through third party agents to integrated oil and natural gas companies, independent oil and natural gas companies, pressure pumping service companies, and state-owned national oil companies. Flotek Industries, Inc. is headquartered in Houston, Texas.
Yahoo Finance Profile:
Caribou Coffee Company, Inc. owns and operates coffeehouses. The company offers premium coffee and espresso-based beverages, as well as specialty teas, handcrafted beverages, foods, coffee lifestyle items, branded merchandise, and related products. It also sells whole bean and ground coffee to grocery stores, mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses, and online customers. In addition, the company sells blended coffees and licenses its Caribou Coffee brand to Keurig, Inc. for sale and use in its K-Cup single serve line of business. Further, Caribou Coffee Company franchises its brand to partners to operate Caribou Coffee branded kiosks and coffeehouses, as well as sells Caribou Coffee branded products to partners for resale in these franchised locations. As of July 3, 2011, it operated 407 company-owned coffeehouses located in 16 states and the District of Columbia; and 147 franchised coffeehouses in the United States and international markets. The company was founded in 1992 and is based in Brooklyn Center, Minnesota.
Yahoo Finance Profile:
Cambrex Corporation, a life sciences company, provides various products and services for the development and commercialization of new and generic therapeutics. It primarily involves in the custom development and manufacture of pharmaceutical ingredients derived from organic chemistry. The companys products include active pharmaceutical ingredients (APIs) and pharmaceutical intermediates; and services include custom development and current good manufacturing practices manufacturing services. Its customers include generic drug companies and companies that discover and commercialize new small molecule human therapeutics using organic chemistry. The company sells its products through sales agents and independent agents to pharmaceutical and generic drug companies worldwide. Cambrex Corporation was founded in 1981 and is based in East Rutherford, New Jersey.
Yahoo Finance Profile:
Cheniere Energy, Inc., through its subsidiaries, engages in the ownership and operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines in the Gulf Coast of the United States. The company develops LNG receiving terminal projects on Sabine Pass LNG in western Cameron Parish, Louisiana on the Sabine Pass Channel; Corpus Christi LNG near Corpus Christi, Texas; and Creole Trail LNG at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana. It also involves in the oil and natural gas exploration and development activities; and LNG and natural gas marketing business. The company was founded in 1983 and is based in Houston, Texas.
As always, do your own homework to see if you agree. Good luck out there.
Mike
At the time of publication, Kudrna was long CBOU, FTK, and LNG but positions may change at any time
