What’s In The News: May 4, 2012

Friday may 4th. The WALL STREET JOURNAL reports Goldman Sachs (GS) will introduce a bond trading platform where it will charge lower fees than on typical bond trades, sources say, to help keep customers looking at trading venues being set up by BlackRock (BLK) and other companies. PepsiCo (PEP) is bringing back Michael Jackson to try to pump up its flagship cola, three years after the singer’s death. In a deal with Jackson’s estate, the company says it will roll out 1Bill Pepsi cans with a silhouette of the king of pop. Reuters released that China agreed to increase the limit on foreign ownership in domestic joint venture securities firms to 49%, allowing these brokerages to trade commodities and financial futures. Reuters also reports this morning that United Airlines (UAL) is planning an order for at least 100 Boeing (BA) 737 narrow body jets potentially worth $10B at list prices. Bloomberg reports that oil slid to its lowest level in over three weeks, heading for a weekly decline before the monthly U.S. jobs report. After services and manufacturing output in the euro region fell more than expected, Bloomberg also reports that Norway”s sovereign wealth fund sold all its Irish and Portuguese government bonds after rejecting the Greek debt swap, warning that Europe faces considerable challenges.

Aon Misses Estimates (AON)

Aon (NYSE:AON) reported Q1 EPS of $0.98, missing estimates of $1.04.Revenues in the quarter came in at $2.84 billion, vs. estimates of $2.83 billion.The company reported risk solutions revenue $1.91 billion vs. $1.82 billion Quarter over quarter, $1.85 billion Year over year.SmarTrend is bullish on shares of AON and our subscribers were alerted to buy on January 03, 2012 at $47.35. The stock has risen 8.4% since the alert was issued.

Duke Energy Tops Estimates And Reaffirms Guidance (DUK)

Duke Energy (NYSE:DUK) reported Q1 EPS of $0.38, topping estimates of $0.36. The results excluded the $420 million related to the IGCC project. The company was working with regulators on the successful completion of a merger with Progress Energy and it targets July 1 as the closing date. Duke reaffirmed its 2012 EPS forecast of $1.40-$1.45, vs. estimates of $1.42. Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets. The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America. SmarTrend currently has Duke Energy in a Downtrend. Since 2008, SmarTrend subscribers trading Duke Energy using our alerts outperformed the stock by 67%. We are monitoring these developments and will alert subscribers to any change in trend.

Warner Chilcott Reports Mixed Results, Cuts Guidance (WCRX)

Warner Chilcott (NASDAQ:WCRX) reported Q1 EPS of $1.16, topping estimates of $0.17. Revenues in the quarter fell 9.5% year-over-year to $685 million, missing estimates by $37 million. Warner Chilcott sees FY 2012 adjusted CNI per share $3.30-$3.40, vs. its prior guidance of $3.60-$3.70. The company sees revenues of $2.4 billion – $2.5 billion, vs. its prior guidance of $2.5 billion – $2.6 billion. SmarTrend is bullish on shares of Warner Chilcott and our subscribers were alerted to buy on April 25, 2012 at $17.30. The stock has risen 25.1% since the alert was issued. Warner Chilcott PLC is a pharmaceutical company. The Company is focused on marketing, selling, developing and manufacturing branded prescription pharmaceutical products in women’s healthcare and dermatology in the United States.

Upgrade Alert for AMN Healthcare Services (AHS)

AMN Healthcare Services (NYSE:AHS) was upgraded from Neutral to Outperform at RW Baird today. The stock closed yesterday at $6.07 on volume of 168,000 shares, above average daily volume of 106,000.There is potential upside of 15.3% for shares of AMN Healthcare Services based on a current price of $6.07 and an average consensus analyst price target of $7.00. AMN Healthcare Services shares have support at the 50-day moving average (MA) of $5.83 and additional support at the 200-day MA of $5.21.AMN Healthcare Services share prices have moved between a 52-week high of $9.33 and a 52-week low of $3.60 and closed yesterday at 69% above that low price at $6.07 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.0%.SmarTrend recommended that subscribers consider buying shares of AMN Healthcare Services on October 27th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.97. Since that recommendation, shares of AMN Healthcare Services have risen 22.1%. We continue to monitor AHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Downgrade Alert for DragonWave (DRWI)

DragonWave (NASDAQ:DRWI) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $3.43 on volume of 362,000 shares, above average daily volume of 135,000.DragonWave (NASDAQ:DRWI) has potential upside of 39.3% based on a current price of $3.43 and analysts’ consensus price target of $4.78. DragonWave shares should first meet resistance at the 50-day moving average (MA) of $3.98 and find additional resistance at the 200-day MA of $4.03.DragonWave Inc. provides wireless Ethernet equipment for use in IP networks. The Company designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video, and other data.DragonWave share prices have moved between a 52-week high of $8.75 and a 52-week low of $2.70 and closed yesterday at 27% above that low price at $3.43 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.6%.SmarTrend recommended that its subscribers protect gains by selling shares of DragonWave on March 8th, 2012 by issuing a Downtrend alert when the shares were trading at $3.78. Since that call, shares of DragonWave have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Upgrade Alert for Iron Mountain (IRM)

Iron Mountain (NYSE:IRM) was upgraded from Neutral to Buy at Citigroup today. The stock closed yesterday at $30.93 on volume of 2.3 million shares, above average daily volume of 1.7 million.Over the past year, Iron Mountain has traded in a range of $27.68 to $35.79 and closed yesterday at $30.92, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.There is potential upside of 11.3% for shares of Iron Mountain based on a current price of $30.92 and an average consensus analyst price target of $34.40. Iron Mountain shares have support at the 200-day moving average (MA) of $30.73 and additional support at the 50-day MA of $29.56.Iron Mountain Incorporated provides records and information management services to customers in North America, Europe, Latin America and Asia Pacific. The Company offers records management services for both physical and digital media, disaster recovery support services, and consulting.SmarTrend is monitoring the recent change of momentum in Iron Mountain. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Iron Mountain in search of a potential trend change.

Upgrade Alert for Pioneer Southwest Energy Partners (PSE)

Pioneer Southwest Energy Partners (NYSE:PSE) was upgraded from Underperform to Sector Perform at RBC Capital today. The stock closed yesterday at $26.88 on volume of 81,000 shares, above average daily volume of 70,000.Pioneer Southwest Energy Partners, L.P. seeks to own and acquire developed oil and gas properties.Potential upside of 5.7% exists for Pioneer Southwest Energy Partners, based on a current level of $26.88 and analysts’ average consensus price target of $28.40. The stock should find initial resistance at its 50-day moving average (MA) of $27.05 and further resistance at its 200-day MA of $27.49.Over the past year, Pioneer Southwest Energy Partners has traded in a range of $21.34 to $35.85 and closed yesterday at $26.88, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

Downgrade Alert for Trimble Navigation (TRMB)

Trimble Navigation (NASDAQ:TRMB) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $53.22 on volume of 1.0 million shares, above average daily volume of 593,000.There is potential upside of 10.2% for shares of Trimble Navigation based on a current price of $53.22 and an average consensus analyst price target of $58.67. The stock should discover initial support at its 50-day moving average (MA) of $52.97 and subsequent support at its 200-day MA of $43.61.In the past 52 weeks, shares of Trimble Navigation have traded between a low of $31.88 and a high of $55.95 and closed yesterday at $53.22, which is 67% above that low price. The 200-day and 50-day moving averages have moved 0.73% higher and 0.38% higher over the past week, respectively.SmarTrend is tracking the current trend status for Trimble Navigation and will alert subscribers who have TRMB in their portfolio or watchlist when shares have changed trend direction.

Upgrade Alert for Weight Watchers (WTW)

Weight Watchers (NYSE:WTW) was upgraded from Hold to Buy at Auriga today. The stock closed yesterday at $62.29 on volume of 6.5 million shares, above average daily volume of 823,000.Over the past year, Weight Watchers has traded in a range of $51.28 to $86.97 and closed yesterday at $62.29, 21% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.There is potential upside of 37.4% for shares of Weight Watchers based on a current price of $62.29 and an average consensus analyst price target of $85.57. The stock should run into initial resistance at its 200-day moving average (MA) of $68.36 and subsequent resistance at its 50-day MA of $77.05.SmarTrend recommended that its subscribers protect gains by selling shares of Weight Watchers on April 9th, 2012 by issuing a Downtrend alert when the shares were trading at $74.69. Since that call, shares of Weight Watchers have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.