Pre-Open Stock Watch ( CTIC ) ( MPEL ) ( SIRI ) ( ZERO ) – Kick off
momentumtraders Newsletter
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JANUARY 03, 2012 ~~~~~~~~~~~~~~~~~~~~~~~~~~
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PRE-OPEN STOCK WATCH *************
Global stock markets mostly rose Tuesday after a run of solid economic news, notably out of China, helped keep concerns over the European debt crisis at bay.
The euro also bounced back, trading 0.7 percent higher at $1.3041. Last week, it hit a 15-month dollar low of $1.2857 on worries that the European debt crisis will escalate this year and envelop Italy, the third-largest economy in the 17-nation eurozone.
Europe`s debt woes will likely remain the main catalyst to markets over the coming days and weeks, but in the absence of any fresh bad news, trading in 2012 has got off to a fairly buoyant start. Surveys showing that growth in China and India may be picking up momentum has helped shore up the underlying mood.
However, many of the world`s leading indexes are starting 2012 after a year to forget.
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CTIC – NEWS WATCH CTIC – $1.19 PRE-OPEN SEATTLE , Jan. 3, 2012 /PRNewswire/ — Cell Therapeutics, Inc. (CTI) (Nasdaq and MTA: CTIC) announced today that on February 9, 2012 the U.S. Food and Drug Administration`s (FDA) Oncologic Drugs Advisory Committee (ODAC) will review CTI`s resubmitted New Drug Application (NDA) for pixantrone for the treatment of relapsed or refractory aggressive non-Hodgkin`s lymphoma (NHL) in patients who failed two or more lines of prior therapy.
ODAC is a panel of experts that evaluates data concerning the efficacy and safety of marketed and investigational products for use in the treatment of cancer and makes recommendations to the FDA.
The FDA will consider the recommendation of the panel, but the final decision regarding the approval of the product is made by the FDA.
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MPEL – HITTING RECENT HIGHS MPEL – $10 PRE-OPEN NEW YORK, NY–(Marketwire -01/03/12)- The tiny island of Macau posted staggering revenue growth in 2011, as the amount collected solely in gaming taxes in Macau is soon expected to be greater than Las Vegas` combined gaming revenues.
According to S&P credit analyst Joe Poon, the analyst firm`s base-case forecast for the Macau gaming market “is growth in gross gaming revenue of 10 per cent-15 per cent in 2012.” The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on Melco Crown Entertainment Ltd.
(NASDAQ: MPEL – News) and Wynn Resorts Limited (NASDAQ:WYNN – News). Access to the full company reports can be found at:
www.paragonreport.com/MPEL www.paragonreport.com/WYNN *************
SIRI – TOPS MEMBER MAIL SIRI – $1.85 PRE-OPEN Can Lynx be the game-changer that many Sirius investors want it to be The device is marketed as a radio which delivers an assortment of new features and receives an expanded channel lineup over satellite and Internet connections.
The company touts Lynx as the most advanced radio to date. Investors don`t know this yet because it is not reflected in the stock price. But I have to think that this is going to take some time and several more quarters before the numbers suggests what impact it has had.
Can Sirius deliver on its 443K subscriber number I think this is the million dollar question, because the stock will undoubtedly take a merciless beating if it doesn`t. How will the base price increase affect the numbers for the fiscal 2012 Will Sirius guide conservatively as it is known to do With so many questions, the bright side of all of this is that investors won`t have to wait too long to find out.
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EMERGING GROWTH STOCK WATCH *************
ZERO – TOP STOCK WATCH FOR 2012 ZERO – $0.37 PRE-OPEN SANTA BARBARA, CA–(Marketwire -12/27/11)- On the heels of announcing a Letter of Intent to commercialize its oil pipeline efficiency technology in China, STWA, Inc.
a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, issued today an assessment of the China oil pipeline market and China`s influence on the global energy market.
STWA announced on December 21, 2011 that it has signed a Letter of Intent with Beijing Heng He Xing Ye Technology Development Co., Ltd (“TDC”) for licensing, sales and distribution of STWA`s Applied Oil Technology(TM) (AOT(TM)) into the Chinese market.
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