Weekend Headlines to Watch Tomorrow: Ill be in the room early Monday AM. Guarding $AMD's price action in the pre market for both longs and shorts. Click here for Trader OS Post with chart/targets/stops http://beta.traderos.com/Public/35925 Disclosure: Long TSLA overnight. Thanks for checking - have a great week trading and I'll look forward to seeing everyone in the room!
$AMD American Micro Devices: Could double from entry into 'microserver' market Barron's says AMD's acquisition of SeaMicro could drive the stock substantially higher as the "microserver" and tablet market expand, Barron's contends in its Technology Trader column.
$AMGN Amgen: Still looks attractive, Barron's says. Amgen could rise 20%, to $120.00 per share, by maintaining its current heading and as investors gain confidence in the company's growth outlook, Barron's contends. The stock trades a significant discount to other large-cap biotech companies, the paper adds.
$IRM Iron Mountain: could drop towards the teens, Barron's reports Iron Mountain could drop around the low-$20s if it fails to gain status as a REIT, Barron's contends in a follow up article.
$BIG Big Lots: Shares look cheap, Barron's reports Big Lots prospects are improving with the company's new CEO implementing strategic initiatives to improve sales by year-end and entry into Canada, Barron's says in its Sizing Up Small Caps column. Big Lots looks cheap, as it trades at 10 times next year's earnings estimates, the paper adds.
$EMN Eastman Chemical: Could rise over 35%, Barron's reports Shares of Eastman Chemical could reach $96 per share, a jump of more than 35%, as market confidence in the company's view of reaching EPS of $8.00 by FY15 improves, Barron's contends in a feature article.
$BBT BB&T: Looks ready to regain favor with investors, Barron's says Shares BB&T of could return over 30% in the next two years as the bank recovers from its capital plan rejection by the Federal Reserve, Barron's contends in a feature article. BB&T should benefit significantly as bank profitability improves, the paper adds.
Day Quarter Consensus Year Ticker
Discover Fin'l 1Q $1.13 DFS
Korn/Ferry Int'l 4Q 0.31 0.28 KFY
Int'l Bancshares 1Q 0.37 0.42 IBOC
Mercury Systems 3Q -0.04 0.17 MRCY
La-Z-Boy 4Q 0.28 0.18 LZB
EastGrp Properties 1Q 0.77 0.77 EGP
Adobe Systems 2Q 0.33 0.60 ADBE
Wiley (John) & Son 'A' 4Q 0.80 0.80 JW.A
Factset Research Sys 3Q 1.15 1.05 FDS
Red Hat 1Q 0.31 0.30 RHT
Jabil Circuit 3Q 0.54 0.64 JBL
Actuant 3Q 0.66 0.60 ATU
Micron Technology 3Q 0.02 -0.32 MU
CLARCOR 2Q 0.67 0.67 CLC
FedEx 4Q 1.96 1.99 FDX
Oracle 4Q 0.87 0.82 ORCL
Methode Electron 'A' 4Q 0.15 0.15 MEI
TIBCO Software 2Q 0.18 0.26 TIBX
Kroger 1Q 0.89 0.78 KR
CarMax 1Q 0.58 0.52 KMX
Darden Restaurants 4Q 1.03 1.15 DRI
Carnival 2Q 0.06 0.20 CCL
Day Time Consesus Est Last Period
T 8:30 May CPI 0.2% -0.4%
8:30 May Housing Starts 975,000 853,000
Th 10:00 May Existing Home Sales 5.00 mil 4.97 mil
10:00 May Leading Indicators 0.2% 0.6%
10:00 June Philadelphia Fed Survey 0.0% -5.2%