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(USGovernment-News.Com, June 25, 2012 ) New York, NY -- VFC's Stock House, an information and research outlet that brings ideas and opens discussions to a broad spectrum of investors, issued this week's edition of the 'Weekly Stock Watch' and discusses how events in Europe and economic trends in the US could effect trading for the week.
Some companies already covered by VFC's Stock House also demonstrated some late day, positive action on Friday and will be worth watching during the coming trading days.
Last week was one full of elections, and as a result, new governments are now sitting in key positions around the globe, most notably in Greece, France and Egypt. The elections in Greece that were eyed so heavily leading into last weekend failed to impact the global stock markets much since it was generally believed that the newly-elected government of the New Democracy party, headed by Antonis Samaras, would favor the already-imposed measures of austerity that would position the country to remain within the Euro Zone (EZ).
Since forming the new coalition government, however, Mr. Samaras has indicated that he's leaning towards the postponement of cutbacks and decrease of government spending that were the foundations of any additional bailouts by the European Union (EU) as a whole.
That could add a wrinkle to any ideas of a quick resolution to the Greek problem and refuel the belief that the country could still exit from the EZ.
Add to that the ornery nature of new French President Francois Hollande, who is unwilling - at least at the current time - to give up any sovereignty over his own economy in an attempt to head towards unified oversight of European budgets, and this week could spell trouble for the markets once again.
In this regards, all attention will be on Europe this coming Thursday and Friday. Europe's 27 heads of state will hold a summit where Germany's Angela Merkel will attempt to convince euro zone leaders to sacrifice overall control of their budgets to Brussels, which could pose quite the hard sell, judging by the recent comments of Hollande and crew.
Banking:
JP Morgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS) all suffered credit downgrades at the hands of Moody's last week. Each bank's stock was somewhat hammered during Thursday's downturn, albeit to varying degrees.
Since the banks had plenty of time to sure themselves up since being put on notice earlier in the year, some of the downgrades were not as harsh as were originally expected, which also eased the degree to which shares dropped on Thursday.
Explosive Trace Detection and Homeland Security:
Implant Sciences (IMSC): Another pivotal week could be in store for Implant Sciences. Shares gained well over ten percent last week on a run of positive news releases that are solid indicators that key players in the homeland defense arena are quickly becoming believers of Implant's explosive trace detection (ETD) technology that could soon set the standard for airport and air cargo security around the globe.
Industrial/Clean Energy:
Capstone Turbine (CPST): For another volume player from last week look no further than Capstone Turbine. Although the latest earnings report failed to impress investors who are still cuing in on signs that profitability is on the horizon, another round of large orders caused the CPST trading volume maintain levels well above the norm for the duration of the week.
FuelCell Energy (FCEL): FuelCell is another clean energy company that experienced a more-than-noticeable increase in volume to close last week. A closing-minutes price surge on Friday capped off a strong-volumed day that saw nearly triple the average amount of shares trade hands before it was all said and done. Unlike Capstone, FCEL does not carry too high of a short percentage so any price spike could be assumed to be based on merit, and not necessarily covering.
Cytosorbents Corp (CTSO): Cytosorbents announced the official launch of CytoSorb in Germany last week, a move that coincided with the addition of Dr. Christian Steiner, MD, to the company as Vice President of Sales and Marketing and a Managing Director of its European sales subsidiary, CytoSorbents Europe GmbH.
Titan Pharmaceuticals (TTNP): Chirp....chirp....chirp...that's the cricket sounds from management regarding Probuphine progress these days. As a result many investors have bailed out. TTNP shares rebounded - if you can call it that - to seventy cents late last week, but the right Probuphine or pipeline news could quickly send them back to the dollar mark. Right now, though, hardly anyone would notice since they're all asleep.
VFC's Stock House is an information and research outlet that brings new ideas to the table and opens discussions for a broad spectrum of investors, with a strong focus on - but not limited to - biotech stocks, biopharma stocks, growth stocks and the pharmaceutical and healthcare sectors. VFC's Stock House provides individual company profiles, write-ups and reports as well as giving general insights into broader-market news through various 'Stock Watch' lists. At the conclusion of most weeks, VFC's Stock House issues a "Weekly Stock Watch" that examines news items, stocks and stories that made headlines during the previous trading week, but may also make headlines or influence trends during the upcoming week as well. The information contained within the pages of VFC’s Stock House are not intended to be taken as advice, but as a starting point where investors can follow up with their own DD and devise their own entry and exit strategies.
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