Cashmaker's hot stocks and trading

[cashmaker]

Fidelity buys 14.6% in LAZ

Wednesday LAZ will announce the first Q earning, it will be positive since LAZ wrote it in SEC filing that they will reduce the administrative expense (management fee) after the IPO. The reason LAZ been in trouble with the decreasing revenue is because David the previous chairman pay too much for the management compensation. Last week Band of America announce to their investor client a buy sentiment and today Fidelity bought 14.6% holding today. Think about it, it those analyst don't think LAZ can announce a good earning, why they urge to purchase the shares right before the earning. LAZ will up to its IPO this week.

MarketWatch
Market Pulse: Fidelity buys 14.6% stake in Lazard, worth $115 million
Monday June 13, 8:55 am ET
By David Weidner


NEW YORK (MarketWatch) -- FMR Corp., the parent of Fidelity Investments, said it has acquired a 14.6% stake, or 5.5 million shares in Lazard Ltd. . The stake was disclosed in a regulatory filing made late Friday. Shares of Lazard rose 31 cents, or 1.5%, to close at $21.76.

http://biz.yahoo.com/cbsmb/050613/e0e38bc051534bd68c17d5e14eedb774.html?.v=1

[Websman]

Great stuff Cashmaker! Keep up the good work.

[cashmaker]

Outperform initiated coverage by CS First Boston and Goldman Sachs.

Outperform initiated coverage by CS First Boston and Goldman Sachs.

Market Pulse: Lazard underwriters initiate coverage after IPO
Tuesday June 14, 8:03 am ET
By Steve Gelsi


NEW YORK (MarketWatch) -- CS First Boston and Goldman Sachs on Tuesday initiated coverage of Lazard Ltd. with outperform ratings. Morgan Stanley initiated coverage with an overweight rating and a $27 price target. The investment bank's "attractive potential upside compensates for higher risk," Morgan Stanley said in a note to clients. Goldman Sachs said, "We believe the shares can return 22-28% in the intermediate term based on their current attractive valuation ...(and) strong earnings growth." Goldman, Morgan Stanley and CS First Boston all worked on the underwriting team for the bank's IPO. Shares of Lazard rose 39 cents to $22.15 on Monday.

My LAZ short-term target $25 and mid-term $30

[cashmaker]

LAZ something going on

LAZ something going on

From Scottrade Broker Recommendation
LAZARD LTD (LAZ)

Sector: Finance
Industry: Financial Services
Last Updated: June 11, 2005


Broker Recommendations
Select Chart View

Current (Strong Buy)
30 Days Prior
60 Days Prior
90 Days Prior


Recommendations Current 30 Days
Prior 60 Days
Prior 90 Days
Prior
Strong Buy 1
Buy 0
Hold 0
Strong Sell 0
Sell 0
Total 1
Mean Strong Buy

[cashmaker]

My short term target $8, longterm $13

My short term target $8, longterm $13

Wet Seal, the women's apparel retailer, looks to be heading down the road to recovery. The company's fiscal-first-quarter (ended April 30th) share loss narrowed to $0.23, from the $0.52 deficit registered in the year-ago period. Wet Seal reduced operating expenses considerably in the period by closing more than 150 of its non-profitable stores. Meanwhile, same-store sales improved an impressive 30% in the April period.


From WSJ:
The Wet Seal, Inc. Announces May Comparable Store Sales Up 56.9%

Business Wire
(c) 2005 Business Wire. All Rights Reserved.

FOOTHILL RANCH, Calif. - (BUSINESS WIRE) - June 2, 2005 - Specialty retailer The Wet Seal, Inc. (Nasdaq:WTSLA) today reported net sales for the four-week period ended May 28, 2005 of $40.0 million, compared with net sales of $33.0 million for the same period last year, an increase of 21.1 percent. Comparable store sales from continuing operations increased 56.9 percent for the four-week period ended May 28, 2005, compared with a decline of 7.8 percent for the same period a year ago.

Mr. Joel Waller, chief executive officer of The Wet Seal, Inc. commented: "May represents the fifth consecutive month of comparable store sales growth since the implementation of our new merchandise strategy in January for the Wet Seal business. Our results continue to validate our strategy and we are pleased with the sales performance of both Wet Seal and Arden B."

During the four-week period ended May 28, 2005, the Company opened one Wet Seal store.

Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. The company currently operates a total of 399 stores in 46 states, the District of Columbia and Puerto Rico, including 308 Wet Seal stores and 91 Arden B. stores. The company's products can also be purchased online at www.wetseal.com or www.ardenb.com . For more company information, visit www.wetsealinc.com .

[cashmaker]

More report on WTSLA

More report on WTSLA

A more recent example is the journey of one Wet Seal (Nasdaq: WTSLA - News). After going under repeatedly in the past, Wet Seal is finally coming up for air. The company's been underwater with abysmal sales and earnings that haven't come close to meeting expectations. After the stock fell from almost $40 back in April 2002 all the way to $0.69 less than a year ago, the company is finally showing some signs of resuscitation. Sure, it had to close 153 stores and lay off 2,000 employees to do it, but sales and earnings have done a complete 180.

Last week, Wet Seal reported a jump in comparable store sales (comps) of 56.9% for May, compared with a decrease of 7.8% last year. Remember, comps include only those stores that have been open for a year. Net sales were up 21.1% to $40 million, compared with $33 million in the same period last year. That's even more impressive, considering the company is operating 25% fewer locations. Or, it could just show that Wet Seal did well to close some massively underperforming stores.

----------------------
Disclaimer:
My message(s) is for your casual reading only. It is neither an investment advice nor suggestion(s) to buy, sell, or hold any securities mentioned at any time. I do not guarantee the accuracy, completeness, or timeliness of the information posted here. All my message(s) posted here are based upon my own research and analysis. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. Please consult a licensed broker before trading. You have 100% responsible for your own trades and own actions. By the time you read this message, I might have bought or shorted any of securities mentioned in this post. I will sell, cover, or hold any of these securities at any time in the future according to my decision. You Make Your Decision on your move.

[cashmaker]

Lazard shares rise 3.8 percent ahead of earnings

Lazard shares rise 3.8 percent ahead of earnings
Tue Jun 14, 2005 03:54 PM ET
NEW YORK, June 14 (Reuters) - Lazard Ltd. (LAZ.N: Quote, Profile, Research) shares rose 3.8 percent on Tuesday as Wall Street analysts launched coverage of the investment bank, arguing the shares are poised to outperform after getting beaten down since going public last month.
On the eve of Lazard reporting first-quarter results, Morgan Stanley initiated coverage of Lazard with an "overweight" rating and a price target of $27, saying it was well placed to benefit from an expected surge in corporate mergers and acquisitions.

"Its asset management business is an industry laggard, but offers a big margin improvement opportunity," said analyst Chris Meyer in the research note.

"We think concerns relating to deal complexity, negative book value and staff retention are discounted."

Lazard went public on May 5 with its shares priced at $25 each in an $854 million initial public offering that followed internal disputes in the 157-year-old bank about going public.

But its shares have traded below this level since, hitting a low of $20.41 on May 17.

On Tuesday afternoon Lazard shares were trading up 3.8 percent at $22.99, or about 15 times its estimated earnings for 2005.

Last week, Banc of America Securities started coverage of Lazard with a "buy" rating and a price target of $27, citing the firm's business mix, valuation and its ability to manage its risks for the rating.

On Tuesday, Goldman Sachs and Credit Suisse First Boston also issued upbeat reports. All four brokerages, which participated in Lazard's IPO, have "outperform," "overweight" or "buy" ratings on the shares.

Fund management firm Fidelity Management last week said it had bought 5.5 million Lazard shares for $120 million, giving it a stake of nearly 15 percent and making it the firm's biggest shareholder.

Lazard is due to release results for the first quarter ending March 31 on Wednesday morning with four analysts on average expecting earnings of 25 cents a share, according to Reuters Estimates.

[cashmaker]

In SCHN here, bullish chart and bottom confirm. Compare to is competitors, like NUE,

In SCHN here, bullish chart and bottom confirm. Compare to is competitors, like NUE, OS, SCHN is undervalued. Steel industry will do good shorttermly this year. Short-term target $30, long term target $50

[grebnet]

Schn

In SCHN here, bullish chart and bottom confirm. Compare to is competitors, like NUE, OS, SCHN is undervalued. Steel industry will do good shorttermly this year. Short-term target $30, long term target $50

I like looking at your calls and researching them. Thanks.
Why the dramatic drop in share price since Mar ?

[cashmaker]

SCHN has a very bullish chart, if you compare its previous stock daily return for the

SCHN has a very bullish chart, if you compare its previous stock daily return for the last 1 year, the last 5 days trading showing a very strong uptrend start, just like how I found KOMG and EBAY two month ago.

[cashmaker]

the down is due to the industry downgrade

I like looking at your calls and researching them. Thanks.
Why the dramatic drop in share price since Mar ?

look at the OS and NUE, the two steel industry leaders, all of them have the same chart due to the steel downgrade by the analyst. If you go to check the WSJ news 3 month ago, you can find the article relate to steel industry overvalued. Now OS already show the uptrend (I also bought OS a little bit), the SCHN will follow OS and NUE uptrend.

[Websman]

SCHN does look like it's ready for a rebound.

[New-born baby]

SCHN charts

I posted SCHN charts over on "HOT PICK OF THE DAY."

[cashmaker]

Great news for NTMD

Great news for NTMD

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh05233_2005-06-16_21-41-57_n16208815_newsml

[Runner]

Hey Cashman, thanks for the SCHN heads up!!

edit: Cashmaker