Good Monday to all! Hope everyone had a great weekend. Last week, we had a superb week with a number of excellent plays. Later today, I will be giving everyone a quick recap of what we did last week. Additionally, I will be publishing a Play of the Week later this morning along with my Longterm Play of the Week in China Automotive Systems (CAAS). I was not able to publish that on Friday due to traveling, and I did not realize weddings and receptions took so long. I am excited about this company as another great long term play.
Mondays are always my most challenging morning for our one day plays, and since the market is looking quite superb, I am only going to get us into one Buy Pick position this morning.
And…its good to see everyone still hates Goldman more than even oil spills…
Buy Pick of the Day: Aviat Networks Inc. (AVNW)
Analysis: The market’s future are stable up over 70 points on the Dow this morning as a slew of good news is coming to the American markets. Asian markets had a terrific day followed by in an even better morning for Europe. The “Euro zone” first got a better than expected reading on industrial production. England and France launched plans to cut their deficits to help strengthen the Euro. European markets are up to levels they haven’t seen in a month. The oversea news
about Afghanistan having significant amounts of precious metals that are priced at over $1 trillion is also helping. It is all seen through the bellwether oil, which is up over $75 per barrel. This all is causing the markets to rally this morning, and it is looking to be a bullish day.
Therefore, we want to find some plays on undervalued stocks that could get some more movement after the open upwards and hopefully follow this bullish trend. One such company should be Aviat Networks Inc. (AVNW). Aviat is a wireless networking company that is working closely with the 4G/WiMax area. The company should be getting some nice movement after one of its close competitors and similar businesses Ceragon Networks (CRNT) received two upgrades this morning along with an outstanding new business deal with the Philippines. The company was upgraded by Morgan Joseph and Merriman. Ceragon’s expansion in the Philippines is a great sign that developing nations are continuing to upgrade their networks and become more…
