Hey all! Looks like another busy week in the works. I'm thinkin of giving up sleep to focus more on school and the market. These are very exciting times. Speaking of exciting, I've got 3 exciting companies for today.
In my opinion all 3 of these guys are great growth picks no matter what the future may bring us(McCain or Obama). First up is ICLR/Icon Plc. They provide clinical research and development services on a global basis to the pharmaceutical, biotechnology and medical device industries. ICLR specializes in the management, execution and analysis of complex clinical trials in most major therapeutic areas operating in 23 countries around the world. I saw high numbers in relative value, timing and safety for Icon as well as an annual sales growth of 41%. ICLR has attractive earnings figures also, with a 33% EPS growth of 33% over the past 52 weeks and a 21% 5 year historic EPS growth. TISI/Team Inc is up next. They provide specialty maintenance and construction services required in maintaining high temperature and high pressure piping systems and vessels. TISI operates through 2 divisions which provide services including leak repair, hot tapping, emissions control monitoring, on-site field machining, technical bolting, filed valve repair and fugitive emissions monitoring. The groups products are sold to petrochemical, refining, power, pipeline, pulp, paper mill, steel, engineering and construction firms. Team kicks but in relative value, timing and safety categories and boasts an annual sales growth of 44%. TISI has a 5 year historic EPS growth of 36% and they are up(price) 50% over the past 52 weeks to boot. Last but not least I have CELG/Celegne group. They innovate, discover and market therapies for immune inflammatory related diseases through the regulation of genes and proteins. CELG operates in 2 segments Human Pharmaceuticals and Stem Cell Therapies. Human Pharmaceuticals focuses on the design and development of drugs that regulate genes and proteins associated with disease. Stem Cell Therapies develops the technologies for the recovery of Stem Cells from human tissue. Besides having killer relative value, timing and safety, CELG has an annual sales growth of 56% and a 228% net income increase over last year(NICE). Celegne had a 33% EPS growth over the past 52 weeks also. 22 analysts giving recommendations on CELG with 8 strong buys, 10 buys and 4 holds.
You will have to excuse me if I seem scattered today(if not never-mind). I'm still trying to let everything going on in the market soak in. The BIG-GUNS got brought out today with the Treasury Secretary(Hank) and JP Morgan CEO(Jamie Dimon) speaking on the future of the US economy. It would seem their words helped a bit with the market rally. Commodities are still sloping down and the market was up but I'm still not comfortable with saying we're at a bottom. I do think we are and will continue to see some sector rotation away from energy and agriculture. I will watch these sectors carefully for a temporary bottom.
It looks like we got a bit of a boost from the words of our economic leaders today. Do you think this is a sign of a rally or bottom? Are these guys(CEO JP Morgan and Treasury Secretary) just full of hot air? Let me know.
The Dollar is finally making itself useful. I am seeing some profits from being long the USD/JPY and short EUR/USD together for the first time in a while. I collected some profits on my EUR/USD short and put it right back in. My AUD/USD anchor is doing just that(holding me down), but it's there to protect my losses when the USD slows against forex. Bottom line is the USD may do some catching up due to global slowdown.
Looks like we got some relief today. I will keep my eyes open and fingers crossed for the near future. The market is doing some shifting and I will do my best to keep up and keep you informed, cause we're all in this together. Thanks for reading.
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