Synovus Financial Corp. (SNV)

Given the rate that banks continue to fail in 2011, bank picks have more risks than many sectors.  But….we small cap traders love risk.

One stock that I think could be a better risk is Synovus Financial Corp. (SNV). The bank has taken its lumps, along with the entire industry, but appears to have weathered the storm.  I blogged it back in November of 2009 when it was around $2.23.  Patient investors only had to 4 months for the stock to hit $3.85….a 72% gain

SNV could be primed to make another move…imo.

SNV is a super-regional bank holding company with approximately $30 billion in assets and is based in Columbus, Georgia. a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee

To the Chart:

The first thing I notice with this chart is the Ascending Triangle pattern (as notated on the chart). The stock is trading between its 50 and 200-day MA’s with the 50-day on top.  The MACD, while still below the zero line, has made a cross and is showing bullish momentum.  The Stochastics are bouncing out of oversold conditions and it appears that some accumulation is going on.

Bottom Line:

Synovus is a crappy bank that has yet to make a profit during this turnaround.  When I spoke with company personnel in 2009 for my previous blog, the person I spoke with said they had hopes of turning a profit in 2010.  That DID NOT HAPPEN…however, the bank has done some great work cleaning up its balance sheet.  However with almost a BILLION dollars of Obama’s money under TARP, SVN is under pressure to pay that back.  They can either float another dilutive stock offering or put the bank up for sale.  I am rooting for the second option.

SNV has over $4.70 in cash per share, has paid down some debt and has taken massive writeoffs to get their capital coverage ratios in line with banking guidelines.  However, not everything is rosy with the bank.  Short interest continues to be very high with over 8% of shares short as of 2-15-11.  That number has come down, but is rather high.

SNV is not a stock to buy in your IRA, but its volatility makes it a nice stock to trade.

Here is what I am looking at for entry/exit points:
Last Close:              $2.55
Buy Opinion:          $2.50 and above (watch the chart and make sure the momentum is going your way)
Short Term Sell:   $2.90′s (Watch to see how much momentum the stock has when it approaches resistance at around $2.90)
Long Term Sell:     $3.50+

Good Luck and Great Trading,

Jeffrey Dean

About InvestorSoup

InvestorSoup.com is committed to provide intelligent commentary and solid analysis of small cap stocks, micro-cap stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

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Disclaimer

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

ODSY, C, CPB, STSA, THO, GSH, CTIC, DWA, CLDA, SEED

Even though I specialize in small cap and penny stocks, I still follow larger issues.  These are shares that were in the news today.  I have a few lower-priced issues like C and CTIC in this summary, but most are $10 and above.  Opportunities for gain here, too.

Don’t forget to sign up for my penny stock alerts.  I had a good week last week (yeah, I was a day late on TADF) with FLPC delivering a 38% gain and CZHC an even 100%.

Odyssey HealthCare Inc. (NASDAQ: ODSY) is up 19.44% to $8.48 on above-average volume following the news that Gentiva (NASDAQ: GTIV) has agreed to buy the company for about $1 billion. (NASDAQ:ODSY), (ODSY)

Citigroup Inc. (NYSE: C) is up 4.13% to $3.91 following a ratings upgrade from Goldman Sachs. (NYSE: C), (C)

Campbell Soup Company (NYSE: CPB) is down 0.30% to $35.38 following the company’s Q3 results. Excluding one-time items, earnings topped analysts’ estimate while sales increased 7% to $1.80 billion. (NYSE:CPB), (CPB)

Sterling Financial Corp. (NASDAQ: STSA) is up 21.40% to $0.91. The company has announced an agreement for an investment from Warburg Pincus. (NASDAQ:STSA), (STSA)

Thor Industries Inc. (NYSE: THO) is down 0.17% to $30.00. Citi has maintained a ‘Buy’ rating on Thor Industries with a price target of $43. (NYSE:THO), (THO)

Guangshen Railway Co. Ltd (ADR) (NYSE: GSH) is up 6.06% to $17.49. (NYSE:GSH), (GSH)

Cell Therapeutics Inc. (NASDAQ: CTIC) is down 23.32% to $0.34 following news that it has agreed to sell up to $34.1 million in stock and warrants to institutional investors. (NASDAQ:CTIC), (CTIC)

DreamWorks Animation SKG Inc. (NASDAQ: DWA) is down 10.47% to $31.22 following news that ‘Shrek’ sequel has fallen short of industry predictions. (NASDAQ:DWA), (DWA)

Clinical Data Inc. (NASDAQ: CLDA) is up 6.84% to $15.94. The company has announced that the FDA has accepted for filing its new drug application for vilazodone for the treatment of major depressive disorder. (NASDAQ:CLDA), (CLDA)

Origin Agritech Ltd. (NASDAQ: SEED) is up 18.87% to $8.44. (NASDAQ:SEED), (SEED)

Good luck and good trading,

Jeffrey Dean

Editor

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

IRE, STD, BCS, DF, BAC, C

I have a lot of experience with banks. As a bank auditor in my early 20′s, I got to know banks very well.  I even worked for Bank of America for a few years (in their venture capital subsidiary).

All of this knowledge doesn’t really help me with my analysis of banks.  Banks have been extraordinarily cyclical lately and even with the overall rebound in the sector, the ‘Sword of Damocles’ still hangs over their heads.  It will only take the government to pull out of the mortgage market to cause the next crash…or some other piece of bad economic news.

But, here are some bank in the news.  These banks are all on the bounce from an prolonged downtrend:

Bank of Ireland (ADR) (NYSE: IRE) is up 18.00% to $8.72. The company has said that it will reduce the size of its planned rights issue by around 161 million euros to 1.72 billion euros after debt swap, MarketWatch reported. (NYSE:IRE), ($IRE)

Look at the chart and you will see that IRE has some real potential.  The oscillators (MACD and Stochastics) are just starting to turn and could help fuel a rally.

Stock Charts Link for IRE

Banco Santander S.A. (ADR) (NYSE: STD) is up 23.90% to $12.18 on above-average volume. (NYSE:STD), ($STD)

You may have missed the start of STD’s rally, but it coud have legs.  Look at this chart.

Stock Charts Link for STD

Barclays PLC (ADR) (NYSE: BCS) is up18.60% to $19.70. The company is planning to split and sell off part of University Partnerships Programme, The Financial Times reported. (NYSE:STD), ($STD)

These charts all look eerily familiar.  These banks (including BCS) have been on a strong downtrend…not any more.  The bank sector just got a shot in the arm.

Stock Charts Link for BCS

Bank of America Corp. (NYSE: BAC) is up 6.98% to $17.31. Bank of America, Citigroup will likely take charge for U.K. bonus tax, American Banking News reported. (NYSE:BAC), ($BAC)

BAC is a juggernaut.  This is another one that was on a prolonged decline and snapped back.

Stock Chart Link for BAC

Citigroup Inc. (NYSE: C) is up 6.12% to $4.25. The company on Friday said it will purchase $535.9 million worth of notes as part of a previously announced tender offer, American Banking News reported. (NYSE:C), ($C)

Citibank is still the laggard in the sector

Stock Chart Link for C

Washington Mutual, Inc. (Pink:  WAMUQ) is also up to a whopping 14 cents!  I get yelled at all the time with WAMUQ, but it has so many problems.  I am hopeful, but not convinced with WAMUQ.

Stock Charts Link for WAMUQ

Don’t forget to sign up for my “Souper” hot penny stock alerts?  Several times a week, I email information out to my members about micro cap stocks and penny stocks.   Once you are signed up, you will receive information on stocks trading from 1 cent to several dollars.  My focus is finding the best penny stocks that look like they are ready to move. Sign up today!

Just last week my alert for LMCO was up over 63%.  Try and do that with NFLX! That is just one example of how my members can benefit from my penny stock tips.

Good luck and good trading,

Jeffrey Dean

Editor

SURG, OC, DOW, AAPL, RHI, CRI, PFCB, C, RFMD, GLW

This group of stocks are mainly over $5 in share price, but several lower-priced issues are thrown in the mix.  These are stocks that are in the news yesterday and today…that you need to know about.

Don’t forget to sign up for my “Souper” hot penny stock alerts?  Several times a week, I email information out to my members about micro cap stocks and penny stocks.   Once you are signed up, you will receive information on stocks trading from 1 cent to several dollars.  My focus is finding the best penny stocks that look like they are ready to move. Sign up today!

Just last week my alert for LMCO was up over 63%.  Try and do that with DOW! That is just one example of how my members can benefit from my penny stock tips.

Synergetics USA Inc. (NASDAQ: SURG) is up 41.12% to $2.61 following the announcement that Alcon Laboratories (NYSE: ACL) has agreed to pay $32 million for the right to sell some of Synergetics’ products worldwide and to settle all pending litigation between the two companies. (NASDAQ:SURG), ($SURG)

Owens Corning (NYSE: OC) is up 7.05% to $31.90. The company has said that it had reversed a loss from a year ago and earned a profit of $48 million during the first quarter. (NYSE:OC), ($OC)

The Dow Chemical Company (NYSE: DOW) is up 5.29% to $31.66 following its strong earnings report. The company has said that its Q1 profit climbed to $466 million, or 41 cents a share, from $24 million, or 3 cents a share, for the 2009 period. (NYSE:DOW), ($DOW)

Apple Inc. (NASDAQ: AAPL) is down 1.23% to $258.82. Apple is likely to unveil its new iPhone on the first day of its annual Worldwide Developers Conference, reports businessinsider.com. (NASDAQ:AAPL), ($AAPL)

Robert Half International Inc. (NYSE: RHI) is down 10.73% to $28.03. The company has posted Q1 earnings that missed analyst expectations; Q2 earnings forecast also disappointed. (NYSE:RHI), ($RHI)

Carter’s Inc. (NYSE: CRI) is down 1.10% to $32.38. The company has reported first quarter earnings of 71 cents a share, ahead of Wall Street’s view of 44 cents a share. (NYSE:CRI), ($CRI)

P.F. Chang’s China Bistro (NASDAQ: PFCB) is down 4.91% to $44.15. The company has posted lower-than-expected profit in its Q1, and offered weak outlook, after discounts hurt margins. (NASDAQ:PFCB), ($PFCB)

Citigroup Inc. (NYSE: C) is up 2.07% to $4.43. The company on Tuesday released its 10th annual Global Citizenship Report, which highlights include the extension of $458 billion in new credit in the United States and a payment assistance program to help more than 510,000 card members in financial distress. (NYSE:C), ($C)

RF Micro Devices Inc. (NASDAQ: RFMD) is up 5.46% to $5.79 following quarterly results. The company posted earnings of 16 cents a shares, ahead of analysts’ view of 11 cents a share. (NASDAQ:RFMD), ($RFMD)

Corning Inc. (NYSE: GLW) is down 0.80% to $19.96. The company has said that its Q1 profit jumped to $816 million as sales of its LCD-TV glass surged on strong demand. (NYSE:GLW), ($GLW)

Good luck and good trading,

Jeffrey Dean

Editor

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

C, PALM, HAL, MTB, LLY, CRN, HAS, BAC, GS, BOH, SQNM

Have you signed up for my “Souper” hot penny stock alerts?  Several times a week, I email information out to my members about micro cap stocks and penny stocks.   Once you are signed up, you will receive information on stocks trading from 1 cent to several dollars.  My focus is finding the best penny stocks that look like they are ready to move.  Sign up today!

Just today, my alert for LMCO was up over 63%.  Try and do that with AAPL! That is just one example of how my members can benefit from my penny stock tips.

Citigroup Inc. (NYSE: C) is up 2.85% to $4.69. The company has posted a quarterly net income of $4.43 billion, or $0.15 per share, compared to $1.59 billion in the same quarter last year. (NYSE:C), ($C)

Palm Inc. (NASDAQ: PALM) is down 11.96% to $4.92 following a rating downgrade by Morgan Keegan. The stock was downgraded to Underperform from Market Perform. (NASDAQ:PALM) ($PALM)

Halliburton Company (NYSE: HAL) is down 0.79% to $31.39. The company has reported a 46% drop in Q1 profit as results in Latin America disappoint. (NYSE:HAL), ($HAL)

M&T Bank Corp. (NYSE: MTB) is down 1.22% to $83.22. M&T Bank has posted a 135% increase in net income to $150.9 million for the first quarter. (NYSE:MTB), ($MTB)

Eli Lilly & Co. (NYSE: LLY) $36.54 – The company has posted a 5% decline in Q1 profit, hurt by reform-related charges and research costs. (NYSE:LLY), ($LLY)

Cornell Companies Inc. (NYSE: CRN) is up 29.62% to $23.94 following the news that Geo Group has agreed to buy the company for about $374 million in cash and stock. (NYSE:CRN), ($CRN)

Hasbro Inc. (NYSE: HAS) is up 0.48% to $40.04. The company has reported that first-quarter profit rose nearly three-fold from a year ago, helped by strong toys sales. (NYSE:HAS), ($HAS)

Bank of America Corp. (NYSE: BAC) is down 1.82% to 18.07. The company has received an upgrade from JPMorgan Chase. (NYSE:BAC), ($BAC)

Goldman Sachs Group Inc. (NYSE: GS) is down 1.29% to $158.63. The company plans to release its first quarter 2010 financial results tomorrow at approximately 7:00 a.m. (ET). (NYSE:GS), ($GS)

Bank of Hawaii Corp. (NYSE: BOH) is up 3.95% to $50.52. The company has reported quarterly profit that beat forecasts. (NYSE:BOH), ($BOH)

Sequenom Inc. (NASDAQ:SQNM) is up 6.55% to $6.18 following the announcement made by the company today that it launched its next-generation mass spectrometry system. (NASDAQ:SQNM), ($SQNM)

Trade like you mean it,

Jeffrey Dean

Editor

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

CIEN, PFWD, MAT, IMGN, ISRG, C, GE, NPSP, BAC, PNK

I normally concentrate on small cap stocks and penny stocks, but these mid-cap and large cap tickers popped up on my trading radar and thought that I would share them with you.  There are gains to be made here, too.

Have you signed up for my “Souper” hot penny stock alerts?  Several times a week, I email information out to my members about micro cap stocks and penny stocks.   Once you are signed up, you will receive information on stocks trading from 1 cent to several dollars.  My focus is finding the best penny stocks that look like they are ready to move.  Sign up today! I think you would have liked to trade ALME in March.  It had a month’s run with cumulative gains of over 80%. That is just one example of how my members can benefit from my penny stock tips.

Ciena Corp. (NASDAQ: CIEN) was down on Friday 0.83% to $17.64. Citi has maintained a ‘Buy’ rating on CIEN, with a price target of $18.50. (NASDAQ:CIEN), ($CIEN)

Phase Forward Inc. (NASDAQ: PFWD) is up 28.36% to $16.79 following the news that Oracle agreed to buy the company for $685 million (NASDAQ:PFWD), ($PFWD)

Mattel Inc. (NASDAQ: MAT) is up 2.15% to $24.26. The company has surprised analysts with a net income of $24.8 million in Q1 (NASDAQ:MAT), ($MAT)

ImmunoGen Inc. (NASDAQ: IMGN) is up 7.11% to $9.64 following the announcement made by the company that its partner Roche plans to ask for FDA approval on breast cancer drug (NASDAQ:IMGN), ($IMGN)

Intuitive Surgical Inc. (NASDAQ: ISRG) is down 4.45% to $370.76 despite topping earnings estimates (NASDAQ:ISRG), ($ISRG)

Citigroup Inc. (NYSE: C) is down 3.74% to $4.63. The company has completed its sale of 16.4 million shares of Primerica to Warburg Pincus for $230 million (NYSE:C), ($C)

General Electric Company (NYSE: GE) is down 3.18% to $18.88. Oppenheimer has reiterated its Outperform rating for General Electrics following results (NYSE:GE), ($GE)

NPS Pharmaceuticals Inc. (NASDAQ: NPSP) is down 4.98% to $5.91 after offering announcement (NASDAQ:NPSP), ($NPSP)

Bank of America Corp. (NYSE: BAC) is down 4.67% to $18.57 despite posting Q1 profit that topped analysts’ expectations (NYSE:BAC), ($BAC)

Pinnacle Entertainment Inc (NYSE: PNK) is up 2.28% to $11.66. The company has announced it was canceling its $305 million riverboat casino and hotel project in Louisiana (NYSE:PNK), ($PNK)

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Three stocks of interest today.  Each one of them is on the “knife’s edge” and could fly or die.  Each is waiting for news that will put them back in play. – Good luck and good trading, Jeffrey Dean

Sirius XM Radio, Inc. - Yesterday’s close at .8811 – The only constant with SIRI is that no one agrees what the direction of the stock will be.  Strong rumors exist that SIRI will be “saved” and not delisted.  It needs a save since it won’t do it on its own.  Confirmation of the Nasdaq news could give SIRI a “shot in the arm” unless traders trade the rumor into the stock price in advance of news.

Citigroup, Inc. (C) - Yesterday’s close at $4.15 – The Government’s plan to sell its 27% stake in C will make Goldman Sachs, JP Morgan or Morgan Stanley very happy.  They are vying to run the offering…nice of them, isn’t it? I could see C cracking after a few more days run.  Pre-market volume is strong and C is up for the day, but….

Pacific Ethanol, Inc. (PEIX) - Yesterday’s close at $2.00 – My blog of last week (click here to read)  gives some good info on PEIX.  No one knows which way PEIX will break…and that is what makes trading so much fun.

Have a great day in the market!

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

It may not a buy today, but I am thinking that in the next week Citibank (C) will turn and regain most (if not all) of the ground that it has given back in its latest slide.  IMO – there is just too much momentum in financial stocks to stay depressed for long.  There is also the need for the media to portray banks as being on the mend…and that everything is o.k. in our world.

Here is the chart:

Several key indicators are showing clearly the C’s decline:  Stochastics are indicating that the stock is nearing oversold status and the MACD is clearly bearish.   The RSI is indicating a net distribution of shares.  I checked the Accum/Dist indicator and it reinforces what the RSI is telling me.

I don’t see C’s decline to be long-lasting.  Its peers (BAC, WAMUQ, CS, etc…) are not declining, so it is not a sector decline.  No terrible news has come about about Citibank, specifically.  I am not sure why the decline has been so swift and marked, but I don’t think it will last.  Too many people are invested in seeing C succeed.

Watch Citibank closely…definitely a radar stock

Featuring C’s management changes; SUN’s new CFO and SVP; MCD’s free sample giveaway; ROST beats estimates, ups Q2 guidance; and JCP’s same-store-sales and Q2 estimates.

Today’s Stock Alerts include: Citigroup Inc. (NYSE: C), Sunoco Inc. (NYSE: SUN), McDonald’s Corp. (NYSE: MCD), Ross Stores Inc. (Nasdaq: ROST) and J.C.Penney Co. Inc. (NYSE: JCP).

Citigroup Inc. (NYSE: C) Stock Alert – C Shakes Up Management Ranks amid Pressure to Improve Performance

New York-based Citigroup Inc. (NYSE: C) recently announced major management changes, which underscore the company’s business and strategic priorities. continue

Featuring RAD’s Q1 results; TJX’s $9.75M data breach settlement; XDSL’s nanobattery technology; C’s decision to boost employee salaries to offset bonuses; and SVU’s Q1 profit.

Today’s Stock Alerts include: Rite Aid Corp. (NYSE: RAD), The TJX Companies Inc. (NYSE: TJX), mPhase Technologies Inc. (OTCBB: XDSL), Citigroup Inc. (NYSE: C) and SUPERVALU Inc. (NYSE: SVU).

Rite Aid Corp. (NYSE: RAD) Stock Alert – RAD Narrows Loss, but Issues Downside Guidance for FY10

Retail drugstore chain Rite Aid Corp. (NYSE: RAD) today announced its first-quarter results, posting a loss of $98.4, or 11 cents a share, for its fiscal first quarter ended May 30, 2009, its eighth consecutive quarterly loss. However, thanks to recent store closures and cost cuts, the company’s loss came in smaller than expected. continue