IIC's Winners Watchlists

[B.J]

Is it IBD, Rummy or Congress? But yes, one of the three is ready to roll. I always wonder though: why would China want to obliterate their top trading partner? Just don't add up...

Doug, read your real estate take. You think it will take only ONE year... a lot more than my pessimistic 3 to 5, but I guess there are a lot of one year ARMs in the mix. That's some scary stuff. But if long term rates crawl, it'll be a bit of a reprieve, you think?

[IIC]

What, you actually read it? I've lost mine already.

Actually...I wouldn't have noticed except that someone on another forum pointed it out yesterday

[IIC]

Is it IBD, Rummy or Congress? But yes, one of the three is ready to roll. I always wonder though: why would China want to obliterate their top trading partner? Just don't add up...

Doug, read your real estate take. You think it will take only ONE year... a lot more than my pessimistic 3 to 5, but I guess there are a lot of one year ARMs in the mix. That's some scary stuff. But if long term rates crawl, it'll be a bit of a reprieve, you think?

No...I just think it will start next year...won't happen all at once IMO.

[IIC]

Had to go to San Diego today(I'm in L.A.)...but I did manage to do well before I left...I traded SYNX +.42 avg...I also made .50 on LIFC and .65 on FORD. Sold 'em all too soon...But better to sell too soon than too late

Monday's MoMo (Momentum) List:

Consists of stocks that are in the Top 5% of my Relative Strength Database of 5,600 stocks
which closed up at least 2% on at least 1.5x Average Daily Volume:

SQM FORD LIFC TGE SYNX XWG VIVO LKQX VSL STV
ASYS ICON CERS DATA ENG BTUI DESC NYFX BOY
WGAT CNVR ABP ATRO MED PLLL OFI ANX AEZ ENTU
LMIA ISON FTG CVV BCON USEY

SQM
FORD
LIFC
TGE
SYNX
XWG
VIVO
LKQX
VSL
STV
ASYS
ICON
CERS
DATA
ENG
BTUI
DESC
NYFX
BOY
WGAT
CNVR
ABP
ATRO
MED
PLLL
OFI
ANX
AEZ
ENTU
LMIA
ISON
FTG
CVV
BCON
USEY

[IIC]

Upgrades:

VECO GT STM CHFC HCR MSPD LIFC NFLX TIBB SINT GGG MERQ JCOM CDL NXL AVB BRE FLSH

[IIC]

No trades today...Had to leave 20 mins after the mkt opened and got to see the last 20 mins...

Today's MoMo:

BMHC QSII NRPH NFLX SPIR WVCM RMCF SNMX BIOI
EWEB DXPE VIVO LIFC LMS DESC RNAI STV GHM ASYS
ONNN ADAM LMIA ELTK MDII CMCO GIGA MDRX DATA
CERS HEII BCON NYFX BTUI ESLR EXXA FTG ISON

BMHC
QSII
NRPH
NFLX
SPIR
WVCM
RMCF
SNMX
BIOI
EWEB
DXPE
VIVO
LIFC
LMS
DESC
RNAI
STV
GHM
ASYS
ONNN
ADAM
LMIA
ELTK
MDII
CMCO
GIGA
MDRX
DATA
CERS
HEII
BCON
NYFX
BTUI
ESLR
EXXA
FTG
ISON

[IIC]

Sounds like a way to prolong the agony to me...

GM to sell up to $55 billion in loans
Analyst lauds deal as 'big coup' for Bank of America
By Shawn Langlois, MarketWatch
Last Update: 6:45 PM ET July 26, 2005


SAN FRANCISCO (MarketWatch) -- General Motors Corp. on Tuesday said it will sell up to $55 billion in auto loans to Bank of America Corp., a move aimed at raising cash while the automaker focuses on selling more vehicles.

Shares of General Motors (GM: news, chart, profile) jumped on the news, closing up $1.09, or 3%, at $36.96.

Charlotte, N.C.-based Bank of America (BAC: news, chart, profile) will make an initial purchase of $5 billion and will buy up to $10 billion in contracts a year over the next five years.

GMAC originates about $40 billion a year in U.S. auto loans, according to General Motors spokeswoman Joanne Krell.

GM Chief Financial Officer Sanjiv Khattri said the deal will allow General Motors Acceptance Corp. -- the parent's most profitable operation -- to finance more GM vehicles, without placing "undue strain on the balance sheet."

"This further advances GMAC toward its 'originate and sell' business model in U.S. auto finance, providing us far greater flexibility to reallocate capital and further diversify the business portfolio," he said in a statement.

'Critical' for GMAC

GMAC has been a cornerstone of profitability for the world's largest automaker in recent years at a time when slumping car sales has cost the company precious chunks of market share.

In the second quarter, earnings from GM's lending division fell to $816 million from $846 million a year ago, as lower profit from financing was partially offset by the unit's surging mortgage and insurance sides. Despite another strong quarter for GMAC, GM turned in a loss of $286 million. See full story.

David Healy, analyst at Burnham Securities, said that the deal, while big in terms of dollars, doesn't come as a surprise and is in line with what GM has already been doing.

"This is an efficient form of financing since the company was closed out of raising money in the bond market when it was cut below investment grade," he said.

Separately, J.P. Morgan analyst Himanshu Patel reiterated his overweight rating on the stock and lifted his 2006 earnings target.

"By partnering with a third party bank, GMAC has secured another source of funding, a critical step as it attempts to maintain its size despite being junk-rated," he told clients in a note.

A big leg up

For Bank of America, the deal opens the door to growth in its automotive finance business.

"In recent years, our deposits have been growing faster than our loans, and it's an opportunity to put more customer assets on our books," said spokesman Bob Stickler.

It's a good deal for Bank of America because it will increase the yield on the loan portfolio and boost its loan-to-deposit ratio, said analyst Dick Bove of Punk Ziegel.

"GMAC is now junk-bond paper, so Bank of America can fund these loans more easily and at a lower cost," he said. "The banking industry sees a tremendous opportunity to re-penetrate the auto industry. Bank of America scored a big coup here. They got a big leg up by cutting this deal."

Bove also predicted more banks would cut similar deals, with Ford Motor Co. (F: news, chart, profile) and perhaps with DaimlerChrysler (DCX: news, chart, profile) .

Bank of America shares finished down 13 cents at $44.53.

[IIC]

Upgrades

SINT ONXX CTXS CAH NOK ATSN GYI SWY SIE SUNW BZH MHL GFI AMZN

[IIC]

Witness Systems (WITS) says a leading regional energy company has selected its pre-packaged software and service, terms not disclosed...

[IIC]

Tough Morning...Managed to squeak by w/ TZIX +.10 GLW +.12 and
DESC -.01


Today's MoMo:

ISRG HOLX GEHL ASPM CRI DXPE RATE HP NSS
SIRF SHEN HEM TGE TZIX GHM WVCM VSL XWG
RGEN CERS JVA VLFG DATA NGAS ARRS GTF
ATRO HCO GAIA FLOW ONNN GEPT FTG SSTR
DESC DSGX

ISRG
HOLX
GEHL
ASPM
CRI
DXPE
RATE
HP
NSS
SIRF
SHEN
HEM
TGE
TZIX
GHM
WVCM
VSL
XWG
RGEN
CERS
JVA
VLFG
DATA
NGAS
ARRS
GTF
ATRO
HCO
GAIA
FLOW
ONNN
GEPT
FTG
SSTR
DESC
DSGX

[RL]

Earnings

Doug, would you know earnings for LSI

[IIC]

Upgrades: RUBO FMBI DO HYDL VIP ACTU MXO HCA MOGN

[IIC]

Doug, would you know earnings for LSI

 LSI Logic 2Q Financial Table >LSI
.LSI Logic Inc. - Milpitas, Calif.
   2nd Quar - June 30:
						2005			 2004
Revenue			 $481,292,000	 $447,897,000
Net income		  a 25,262,000	  b 7,242,000
Avg shrs (diluted)   389,088,000	  383,522,000
Shr earns
 Net income				a
06			b
02 
  a. Includes one-time charges relating to the amortization of acquisition-related items including intangibles and noncash deferred stock compensation, restructuring and other special items. Excluding items, the company earned $44.7 million, or 11 cents a share. 
  b. Includes one-time charges relating to the amortization of acquisition-related items, as well as gains on equity securities offset by fees related to its proposed initial public offering and separation from Engenio. Excluding items, the company earned $27.6 million, or 7 cents a share.

[IIC]

LSI Logic Reports Strong Q2 Revenue and Profit Growth

Second Quarter News Release Summary

• Revenues of $481 million, up 7 percent sequentially.
• Revenues up 7 percent compared to Q2 2004.
• GAAP* net income of 6 cents per diluted share, compared to 2 cents in Q2 2004.
• Net income, excluding special items**, of 11 cents per diluted share, compared to 7 cents in Q2 2004.
• Gross margin expands to 44 percent.
• Generated positive operating cash flow for 13th consecutive quarter.

Third Quarter Business Outlook

• Projected revenue of $470 million to $500 million.
• GAAP* net income range of 5 – 7 cents per diluted share.
• Net income, excluding special items**, in the range of 10 – 12 cents per diluted share.

* Generally Accepted Accounting Principles.
** Acquisition-related amortization, restructuring and other special items.

[RL]

WOW What service

Doug thanks much.