Wall Street to Main Street: News, Views and Commentary: June 9, 2006

It's Friday June 9, 2006, and yesterday was a wild day,I just want to touch on Peru Copper (AMEX: CUP)
the Dow dropped over 177 points at one point andquickly, we received a ton of emails and calls in
was down for most of the day and the moneyregards to the company because it halted trading on
started flowing in at about 2:50pm EST giving a smallWednesday with no follow up. We spoke about it on
boost to the Dow and it finally closed up a pinch, justThursday and the bottom line is that speculators
over 7 points.. The bottom line here is that you have tothought that Southern Copper (NYSE: PCU) was going
begin looking at stocks on an individual basis and don'tto buy Peru Copper but that seemed to be far
continue to look at the S&P, the Dow or thefetched, even though PCU made public statements in
Nasdaq Composite as a gauge because it will notregards to it a week or so ago. So that could be a
guide you through this rollercoaster ride.dead deal but do not sleep on Peru Copper because
This is why we feature individual stocks and give ourthey did hint that there are other potential suitors that
outlook based on the company and the industry. If thehave showed an interest in their Toromocho project.
stock is not a slave to the Dow but gets draggedThe stock pulled back a bit but that was the
down in the process you should be all over it becausespeculators jumping ship once they were done bottom
that is an opportunity.fishers started picking up the scraps, keep in tune with
This market will continue to go up and down andPeru Copper as it just may shock you in a good way
sideways until there is some clarity in regards to anin the coming months.
interest rate hike. This is not just a problem for U.S.Know lets talk about a real smack down and a half,
markets but worldwide and if anyone tells you anyJoseph A. Bank (NASDAQ: JOSB), we alerted "Wall
different they are not doing you a service. InterestStreet to Main Street" subscribers about this one
rates around the globe were raised yesterday asbefore bell as the company missed the mark by a long
inflation worries loom.margin as they announce earnings of 32 cents a
We received plenty of emails from our listeners andshare but the street expected 46 cents a share.
readers asking for direction, asking us whether theyInvestors woke up to a nightmare with this one, and its
should buy, sell or hold a particular issue. We do notprobably not over yet. The stock closed down $10.73
feature each and every email or question becauseto close at $26.40 making a new 52-week low.
when you ask for our direction we do our homeworkInfoSonics (AMEX: IFO) has been getting beaten up
so that we are giving you our best outlook on thethis week, especially after it received a nice
stock, and not doing it on the fly because that coulddowngrade from a Buy to a Hold by Kaufman
cause more harm than good.Brothers They will be splitting 2 for 1 shortly and right
Yesterday we had more new subscribers to "Wallnow the stock is about 10 points off of its recent
Street to Main Street" than ever, and that just shows52-week high. We're sticking by this one as we still
you that investors are looking for guidance, and we'resee it trading in the $20 post split. Now it may not
trying hard to do that for you. Investment advisers,happen immediately but it should settle in there once
stockbrokers, and even several investment clubsthe street realizes the company's true value. It
added themselves to the list of subscribers yesterday,powered up from a low of $21.10 on Thursday to
so we have to be doing something right.close at $23.60.
Now that we established where we stand lets moveHansen Natural (NASDAQ: HANS) dropped another
forward and try to cherry pick those stocks that have$9.37 to close at $161.00, this has been a daily
been oversold by not only institutions but by investors.occurrence with the stock so you may be seeing lots
Movers and Shakersof profit taking from those investors and institutions
Some major movers in yesterdays trading sessionthat own the stock below the $100 mark, and who
include (NASDAQ: OSTK), which traded up $1.56 tocould blame them with the run that this one made in a
close at $23.16, now we are talking about a company12 month time frame.
that has negative earnings to the tune of $1.20a aOther stocks that traded down but shouldn't be down
share. It is bouncing off of its 52 week low of $20.89,there include China Life Insurance (NYSE: LFC) which
so in other words this is a dead cat bouncing. Eventraded down $4.67 to close at $58.69, Expeditors
with they added a quicker checkout process on theirInternational (NASDAQ: EXPD) traded down $3.88 to
site by implementing AuctionCheckout.com's onlineclose at $94.59, Parlux Fragrances (NASDAQ: PARL)
payment service, this still won't bring it back to life.traded down $3.25 to close at $20.85, UBS AG
Companies that actually earn money were driven(NYSE: UBS) traded down $2.93 to close at $107.50,
down on Thursday and there was no real reason whyToyota Motor (NYSE: TM) traded down $2.87 to close
this puppy made upward movement, it's an anomaly Iat $101.49, Kookmin Bank (NYSE: KB) traded down
guess.$2.80 to close at $74.70, Wesco International (NYSE:
Allegheny Technology (NYSE: ATI) traded up $3.50 toWCC) traded down $2.72 to close at $60.68 and
close on $62.75, now it wasn't as simple as the stockPetroChina Co (NYSE: PTR) which traded down $2.59
just moving up, it went down with the rest of theto close at $99.41.
market, traded as low as $54 78 before the buyingNow some stocks under ten bucks that received the
starting flowing back into the stock. When you see aroyal smack down on Thursday include Finisar
stock like Allegheny Tech traded down that low and(NASDAQ: FNSR) which traded down $1.11 to close at
that fast you have to find out why, nothing$3.36 down about 25%, Exide Technologies
fundamentally changed with the company. Actually(NASDAQ: XIDE) traded down 40 cents to close at
Leo Larkin an Analyst with Standard & Poor's$4.40, U.S. Energy Corp (NASDAQ: USEG) traded
Equity Research recently upgraded the stock from adown 35 cents to close at $4.10, Advanced
Sell to a Hold., he actually forecasted 2006 earnings ofSemiconductor (NYSE: ASX) traded down 33 cents
$4.40 for the company, they posted an EPS of $3.60to close at $4.56 and Triquint Semiconductor
for 2005, so S&P sees growth. These are the(NASDAQ: TQNT) which traded down 30 cents to
type of companies that you have to seek out, thoseclose at $4.68.
that are oversold for no good reason. The demand forAnalyst Upgrades/Downgrades
Stainless Steel will continue to grow in aerospace andRecent Analyst upgrades include International Rectifier
power generation, so they may live up to Larkin's(NYSE: IRF) was upgraded to an Above Average
expectations.from an Average by Caris & Company, Zale
Fluor Corp (NYSE: FLR) traded up $3.24 to close atCorporation (NYSE: ZLC) was upgraded to an In-Line
$88.58, the global engineering, procurement,from an Underperform by Goldman Sachs, Service
construction, operations, maintenance and projectCorporation International (NYSE: SCI) was upgraded to
management service provided dropped over $3 onan Overweight from an Equal Weight by Lehman
Wednesday, traded as low as $82.93 on ThursdayBrothers, CNET Networks (NASDAQ: CNET) was
and powered up to close up over $3.24 for the day.upgraded to a Buy by Stifel Nicolaus, and SBA
The stock was trading over $100 a share this pastCommunications (NASDAQ: SBAC) was upgraded to
May and was hammered down, this is one that couldan Outperform from a Peer Perform by Bear Stearns.
creep back up to the $95Recent Analyst downgrades include Wells Fargo
Autozone (NYSE: AZO) traded up $2.48 to close at(NYSE: WFC) was downgraded to a Hold from a Buy
$93.00, this came on the heels of the former President,by Sanders, Morris & Harris, Medical Action
Vice Chairman and Director of Borders (NYSE: BGP)Industries (NASDAQ: MDCI) was downgraded to a
George R. Mrkonic, Jr joined the board of directors ofNeutral from a Buy by Sidoti & Co, Boardwalk
Autozone. So that is the reason for the movement,Pipeline (NYSE: BWP) was downgraded to a Hold
this all came to light on Wednesday after the close.from a Buy by AG Edwards, Parlux Fragrances
Now Autozone is about $10 off its 52 week high and(NASDAQ: PARL) was downgraded to a Hold from a
sits with an EPS of $7.30 and a P/E of 12. WithStrong Buy by Wedbush Morgan and Cyberonics
Mrkonic giving his input at Autozone you'll see this one(NASDAQ: CYBX) was downgraded to a Neutral
back in the triple digits.from a Buy by Suntrust, Robinson, Humphrey.
Other stocks that made moves on the upside includeRecent analyst coverage initiations include TLC Vision
Allergan Inc (NYSEL AGN) which traded up $3.79 toCorp (NASDAQ: TLCV) was initiated with a Market
close at $102.27, Giant Industries (NYSE: GI) traded upPerform rating by JMP Securities, Labopharm
$3.19 to close at $62.70, Noble Corporation (NYSE: NE)(NASDAQ: DDSS) was initiated with a Buy rating by
traded up $2.39 to close at $67.53, OccidentalBanc of America Securities, Viisage Technology
Pertroleum (NYSE: OXY) traded up $22.6 to close at(NASDAQ: VISG) was initiated with an Outperform by
$96.98 on its way back to $100, Apple ComputerRaymond James, Novatel Wireless (NASDQ: NVTL)
(NASDAQ: AAPL) traded up $2.19 o close at $60.76,was initiated with a Sector Performer rating by CIBC
this is a stock that should be in the $70 range,World Markets, and Lexmark International Group
Comtech Telecommunications (NASDAQ: CMTL)(NYSE: LXK) was initiated with an Equal Weight rating
traded up $1.80 to close at $32.88, Whirlpool Corpand a $58 price target by Lehman Brothers.
(NYSE: WHR) traded up $1.76 to close at $84.50 asFURIOUS FIVE
they company is looking to trim some fat andThe latest addition to our "Furious Five" companies that
Lockheed Martin (NYSE: LMT) traded up $1.62 towe see excelling in their industry in 2006 is IAC
close at $72.62.InterActiveCorp (NASDAQ: IACI).
Under TenFor our outlook, and other vital information on the
Now lets take a look at movers in the market undercompanies that we feature as the "FURIOUS FIVE" on
ten bucks, Globix Corp (AMEX: GEX) a blast from theWall Street to Main Street just subscribe for FREE at
past, I remember when this stock was in the $50IAC/InterActiveCorp trades on the Nasdaq under the
range, but that was a long time ago and on a differentsymbol IACI.
exchange, but the stock traded up 55 cents to closeWe cannot stress enough that investors need to do
at $4.80, Nitromed (NASDAQ: NTMD) traded up 35their due diligence, call the companies, get the
cents on nice volume to close at $4.99, Cortexinformation, consult with your investment advisor and if
Pharmaceuticals (AMEX: COR) traded up 35 cents toyou do not have one consider getting one. Put the
close at $3.32, Alliance One International (NYSE: AOI)same time into investigating these companies as you
traded up 27 cents to close at $4.47, Isolagen (AMEX:do when you go to purchase a new television, it's only
ILE) traded up 22 cents to close at $2.85 on close to 2for your protection. When it comes to thinly traded
million shares traded and Generex Biotechnologysecurities stagger your orders or put a limit order in to
(NASDAQ: GNBT) which traded up 14 cents to closeavoid a run up.
at $1.85.NAMC Newswire Note
DownersGo to the NAMC Newswire for updates at and you
Apollo Group (NASDAQ: APOL) slipped down $1.59 tocan listen to the NAMC Radio for the audio version of
close at $53.88, the company is involved in the higher"Wall Street to Main Street" at
education for adults business, they operate throughTo register to receive the Wall Street to Main Street
their subsidiaries The University of Phoenix, Inc,Free Daily Newsletter Click Here or go to our site and
Western International University, Inc., Institute forclick on the Newsletter section.
Professional Development and The College forCEO's that want to contact us can do so by going to
Financial Planning, Inc. There was no news yesterdayor call us at 888-463-9237.
on the company so maybe it was just driven down byLouis Victor
market conditions, but just because there was noNAMC Newswire
news on Thursday does not mean that something will888-463-9237
not surface today. There has been a changing of theDisclaimer:
guards at the company, take that into account with aNone of the information contained on the NAMC
potential slowdown in enrollments and you are in theNewswire constitutes a recommendation by the
dark waters. The stock is close to its 52 week low ofNAMC Newswire, its journalist, nor its parent company
$47.27 but seems to have support in the high $51 tothat any particular security, portfolio of securities,
low $52 range. Lets see how it shapes up today.transaction, or investment strategy is suitable for any
Focus Media Holdings (NASDAQ: FMCN) droppedspecific investors or person. Each individual investor
down again on Thursday and its just about getting to amust make their own independent decisions regarding
good entry point. The bottom here should be in theany security, portfolio of securities, transaction, or
$48 to $50 range but that doesn't mean that it will hitinvestment strategy featured on the NAMC Newswire
that point, if it does then we'll sit on the sidelinesor NAMC Radio Any past results are not necessarily
because it could slip into the high $30 range. The stockindicative of future performance. The NAMC
traded down $8.07 to close at $51.56 and there wereNewswire, its journalist nor its parent company does
a few factors involved, first it hit a ceiling for the thirdnot guarantee any specific outcome or profit, and all
time in a row as we mentioned at $68 and secondinvestors should be aware of the real risk of loss in
they filed to sell 1,000,000 American Depository Sharesfollowing any strategy or investments featured on the
or ADS's. So here's the game plan, you need to see ifNAMC Newswire or the NAMC Radio. The strategy
the stock is actually going to bottom yet, and it looksor investments discussed may fluctuate in price or
like it just might. Market conditions may just push itvalue and investors may get back less than you
down into the $50-$51 range so you have to pick yourinvested. Before acting on any information featured on
entry point.the NAMC Newswire website or the NAMC Radio
Matria Healthcare (NASDAQ: MTRA) was knockedsegment, investors should consider whether it is
down even before the bell range and that was for asuitable for their particular circumstances and strongly
few reasons, of course the obvious Market Conditionsconsider seeking advice from their own financial or
and the main reasons was that they lowered their fullinvestment adviser. Investors are also urged to do their
year forecast from $1.35-$1.50 to $1.10-$1.17. Now theyown due diligence before investing in any security.
did this because they anticipated a delay in variousAll opinions featured on the NAMC Newswire or
contracts that they have on tap. But the street wasNAMC Radio are based upon information that is
looking for $1.10 for the full year anyway so theyconsidered to be reliable, but neither the NAMC
should be in line with that number. I think that this is justNewswire, its journalist, its parent company, affiliates
overdone and you had money whipping out from anor assigns warrant its completeness or accuracy, and
few institutions and that started a domino effect asit should not be relied upon as such. The statements
small investors started to bail. This looks like anand opinions featured on the NAMC Newswire by its
opportunity because the bleeding should be prettyjournalist are based on their outlook at the time of the
much over and the street will realize that if not todaystatement or opinion, and are subject to change
very shortly. So take a look at the charts,without notice. NAMC may at times hold a position in
fundamentals and the press releases and you'll get thethe companies that it features, in these cases
picture. It closed at $22.12 down $5.24.appropriate disclosure is made.