This bank stock can double! - 10/05/2010

Bulls,

The Greek Gods have been on vacation and they have not done their banking.

Greek God Zeus has his mortgage with the National Bank of Greece – NBG

About The National Bank of Greece:

Founded in 1841 as a commercial bank NBG is the oldest and largest among the Greek banks.  It has been listed on the Athens Stock Exchange since the latter's foundation in 1880. Since October 1999, the Bank has been listed on the New York Stock Exchange.

The NBG Group provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring.

One of the Bank's main strengths is the confidence shown in it by its customers, who hold over 9 million deposit accounts and more than 1.5 million lending accounts with NBG.

Horizontal Analysis:

	2008          2009
Total assets	113,394	101,323
Shareholders' equity	8,453	5,972
Loans and advances to customers (net)	69,134	64,498
Due to customers	71,194	67,657
Total operating income	5,077	4,926
Operating expenses	2,483	2,366
Provisions for loan losses	1,057	520
Net attributable profit	923	1,546
Net interest margin (NIM)	4.09%	4.25%
Return on equity (RoE)	13%	25%
Cost / Income	49%	48%

Finansbank – NBG’s stake in Turkey

“Greece’s biggest bank is relying on Turkey to pull it through an economic crisis at home.”

National Bank has spent over than $5 billion since 2006 to acquire Finansbank.

National Bank of Greece SA plans to open 75 branches from Ankara to Izmir this year to benefit from Turkish economic growth that is forecast to reach 5.2 percent. National Bank earned more last year at its Istanbul-based Finansbank ASunit than it did in Greece.

Its not just in Greece, NBG is diversified:

NBG - earned 425 million Euros in Turkey last year, Good investment? I think so.

Turkey’s banking industry is “much better regulated and supervised, and we’re highly capitalized” relative to Greek lenders

Now that the EU put together nearly a TRILLION $ aid package for Europe I think the National Bank of Greece will soar to the upside.

Mr .Stock Picks short term price target for National Bank of Greece (NBG) - $4.11

This stock should be kept on a radar, as this morning it is currently up: $0.36 to $3.03 per share.

Until the next one,

Mr. Stock Pick

Market Commentary – 07/05/10

Let me describe part of my day yesterday,


So I was browsing on the computer as my phone is going off. Text messages and Blackberry Messenger pings going off. 
Text messages read:

1) Dow down 900 points

2) Armageddon 

3) Blood on the streets - Buy Buy Buy

I try and visit Bloomberg but its appears that the site was crashing. I than go to Google finance and WOW.
It felt like the world was falling, I saw the DOW -934 Points and it was jumping within seconds. It appears as though it tanked and was free falling and all of a sudden its stopped on a dime and reversed. The volume was rapidly growing as this was happening. 

Big Moves at 2:45:

Accenture Plc 

(Public, NYSE:ACN) Went from $40 down to $0.01 than back up to $40

Google Inc. 

(Public, NASDAQ:GOOG) Went from $500 down to $460 than back up to $500

The Procter & Gamble Company 

(Public, NYSE:PG) Went from $60 down to $39 than back up to $59

Apple Inc. 

(Public, NASDAQ:AAPL) Went from $245 down to $200 than back up to $240


What happened here?


"Fat Finger" Trade? 


This is currently being investigated but rumor has it that a manager at Citigroup meant to sell $15 million dollars worth of PG but instead sold $15 Billion dollars. This has not confirmed true and there is no evidence at this time but it may not be an impossible human error. 
Keyboard: zxcvBnM not too far? What do you think?


Computer Glitch? 



Cancelled Trades:


NASDAQ cancelled nearly 300 trades that happened during this wild period. Some speculated that the bizarre trades were caused by technical glitches in the computers that caused trading to slow down causing stock prices to make big moves.


It would be nice if this happened on an up day!

Today's Headlines:

Euro recovers from 14-month lows

Payrolls increase but unemployment rises 

Germany approves of Greece's bailout

Oil Hovers at $75

One hot stock to watch over the weekend and next week:

National Bank of Greece (ADR) 

(Public, NYSE:NBG) Currently trading at 2.63 is near its 52-week low.


I will not be surprised if at some point next week this stock is up close to 20% on recovery hopes.


This is a speculative stock and investors should know the risk involved in investing.


Other stocks to watch with potential upside for next week:

Bank of America Corporation 

(Public, NYSE:BAC)

Google Inc. 

(Public, NASDAQ:GOOG)

Kraft Foods Inc. 

(Public, NYSE:KFT)

The Coca-Cola Company 

(Public, NYSE:KO)

Las Vegas Sands Corp. 

(Public, NYSE:LVS)

Apple Inc. 

(Public, NASDAQ:AAPL)

General Electric Company 

(Public, NYSE:GE) 




Have a good weekend,


Mr. Stock Pick


These are brief explanations if you have any questions or would like additional information please contact me directly through the blog. Leave your email and I will try to respond quickly. These are just opinions of mine and you should not use a specific opinion to make an investment. Investors should be aware of the risk involved in making investments. 

Pre-Earnings Analysis on Google (GOOG)

Buy Google Right here, Right now!

Google has:

Mobile

Video

Blogs

Finance

Books

Patents

Product Search

Docs

and oh ya, they have a pretty good search engine too.

Mr. Stock Picks Price Target, $750

To our readers we have indicated a buy for Google at $535/shr

Benchmark analysis

“Analysts at Benchmark maintain their "buy" rating on Google (NASDAQ: GOOG). The target price for GOOG is set to $700.

According to Benchmark, Google is expected to achieve 21% revenue growth on a y/y basis. 

Benchmark mentions that “Channel checks on YouTube are positive.

Primarily YouTube, generate about 40% of all domestic online video views.

“While Apple and Google are increasingly competing in mobile, we believe Google is well-positioned with a strong brand, proven digital ad solutions and a huge base of satisfied advertisers,Benchmark adds.”

Earnings excluding items of $6.56 a share for the period ended in March, and $4.93 billion in net revenue are expected to be reported by the firm, that compares to earnings excluding items of $5.16 a share, and $4.1 billion in net revenue in the same period last year.

"New formats recently deployed by Google include images -- a departure from the company's traditional, text-based advertisements. These formats were rolled out during first quarter and may see much success and are a good indication on how Google will proceed with these in the future.

Thomas Weisel Partners analyst Jordan Rohan told clients in a research note that Google should report a "solid" first quarter, thanks in part to the deployment of additional paid advertisements in search results. In addition, Rohan wrote that demand for paid search keywords in the travel and financial industries "has returned to normal seasonal levels" following a decline."

Schachter has a $650 price target for Google shares.

Google preformed terribly after Q4 results and the China issue, but I think this thing is due for a turn around. Right here, Right now! BUY!BUY!BUY!  

I will further cover Google as I am putting an analysis together dealing with:

Can Google be the new era Berkshire Hathaway?
$100,000 + per share?

Investors need to check up for that one!

Earnings season coming up with Alcoa today should be interesting.

Mr. Stock Pick

Market Commentary – 04/09/10

Bloggers,

The Dow continues to flirt with 11,000 as the Dow, S&P 500, and the NASDAQ march forward.

Oil slightly fell to $85/Barrel while Gold is touching $1160/Oz and Natural Gas is back up to above $4/BTU.

The Euro Gained against the US Dollar today. The Canadian dollar fell stretching the Par mark that was hit on Tuesday further away.

Earnings Reports to look out for:
Bank of America – BAC – April 15^th
Google – GOOG – April 15^th
General Electric – GE – April 16th
Apple – AAPL – April 19^th
JC PENNY – JCP – May 13^th
BP plc – BP – April 26^th

Today’s Winners:
Atlas Energy (NASDAQ:ATLS)
Casey’s General Stores (NASDAQ:CASY)
Taseko Mines (TSE:TKO) 

Today’s Losers:
Monster WorldWide (NYSE:MWW)
Constellation Brands (NYSE:STZ)
Targa Resources Partners (NYSE:NGLS) 

I feel Google will have a big move after earnings, I will post an in depth analysis of Google before earnings as it will be one of Google's most important earnings release. 

Until the next one,

Mr. Stock Pick

Why CML is on the move! Technical Analysis - MartyMcFly

Hey market movers,

If you didn't catch our report last week on TSE:CML you may want to look back at it and see why we were right.

TSE:CML Crowflight Minerals Inc. has received a $150 Million offer from Jinchuan Group Ltd. Of China.

Crowflight today announced that they have received a $150 Million take over offer from Jinchuan to acquire all of the common shares of Crowflight at a price of approximately $0.26 per common share. This offer represents a premium of approx. 47.3% to the closing price of CML on the Toronto Stock Exchange (TSX) as of Monday, April 5^th, 2010 and a premium of approx. 56.8% to the 20 day volume weighted average trading price.

Above is the daily chart of CML on the TSX as of the close on April 6^th, 2010, after the Jinchuan offer was announced. As you can see, the stock settled at $0.22 up 30% from the close from the day before (Monday, April 5^th, 2010); which is approximately 18% shy of the $0.26/share that Jinchuan is offering. With the stock hitting a high of $0.25 cents, one cent shy, it shows me that traders were a little cautions of the offer by Jinchuan. Supposedly, the offer is being reviewed by the Special Committee of the Board of Directors and it is subject to Jinchuan being satisfied with the board’s due diligence review of the Company and the receipt of all required government and regulatory approvals.

Good bye for now,

Mr.Stock Pick

In depth Analysis for Crowflight Minerals Inc.

You home investors have to look at this one,

Yesterday we brought you an in depth analysis of a fast growing Canadian Uranium company called Uranium One and today we focus on Nickel!

Before you consider purchasing this stock please remember it is a speculative stock

Speculative stock is Crowflight Minerals Inc. (TSE:CML).

Crowflight Minerals Inc. is a Canadian company in its development stages that focuses on mining and exploration of Nickel. Crowflight owns the Bucko Lake Nickel Mine in Wabowden, Manitoba and is also focusing on further exploration of the Thompson Nickel Belt (TNB) in Manitoba. The TNB is said to host nickel mineralization along a geological trend that extends for over 250 kilometers. Crowflight also has a large 800 sq km prospective land position centered in two of Canada’s most prolific nickel camps in Manitoba and Sudbury, Ontario.

Crowflights first shipment of concentrate occurred in February 2009 from the Bucko Lake Mine which has a best case production scenario of 1,000 tonnes per day to produce on average 11.1 million pounds of payable nickel per year.

Production targets for 2010 range from 1,000 tonnes per day (tpd) for Q2 2010 increasing to 1,2000tpd in the second half of 2010.  Average operating cash costs for 2010 are estimated at US$5.70-5.90/lb (based on a US: CAD exchange rate of 0.94). Average costs are expected to decrease to US$5.15-5.35/lb for second half of 2010 as the mine resumes full production.

Crowflight Minerals Inc. (TSX:CML) is currently trading at approximately 17 cents per share, and has a 52week high of approximately 35 cents per share. With the economy picking up stream, and industrial production demand coming back to reasonable levels we could see interest in this stock as investors pick up small cap companies like Crowflight Minerals. A technical analysis of the stock will shed more light on the short term to medium term expectations for the share price.

What is Nickel? Nickel is a metallic element, making up 0.008% of the Earth’s crust. However, when the deeper of the Earth is included, nickel becomes more abundant, and is the fifth most common element after iron, oxygen, silicon and magnesium.

About 65% of the nickel consumed in the Western World is used to make stainless steel. Another 12% goes into superalloys. The remaining 23% of consumption is divided between alloy steels, rechargeable batteries, catalysts and other chemicals, coinage, foundry products, and plating. The largest consumer of nickel is Japan, which uses 169,600 tonnes per year (2005).

Global consumption of nickel is steadily increasing while inventories have been at historically low levels for the past five years. The forecasted supply from current and new projects is insufficient to meet the forecasted growth in demand. This is expected to be the case until 2010, supporting a strong nickel price.

These are brief explanations if you have any questions or would like additional information please contact me directly through the blog. Leave your email and I will try to respond quickly. These are just opinions of mine and you should not use a specific opinion to make an investment. Investors should be aware of the risk involved in making investments. 

Stay closely tuned for MartyMcfly's Technical Analysis on CML. With RIM posting earnings on Wednesday, Marty is also doing a write up and a technical Analysis on Research in Motion. 

Analysis for Uranium One TSE:UUU (pt.2 Technical)

You asked and you shall receive,

MartyMcfly a very skilled Canadian Chart Technician, after reading what I had to say about Uranium One he decided to do a Technical Analysis for all you home investors out there.

Uranium One (TSE:UUU) Technical Analysis

Marty's comment: Uranium One (TSE:UUU) has been trading below its 50 day moving average since the correction we saw in the broad market on February 5^th of this year. And at the beginning of March when the broad market was rallying, we saw Uranium One trade below its 200 day moving average. End of March showed an increase in buying with a welcomed bounce the week of March 22nd; however this has been on low volume which is a bearish sign. These reverse candles that we are seeing in the last couple of days could turn out to be nothing as the volume has been extremely light.  However, I would definitely keep an eye out on this stock because there could be an entry point coming up if buying volume picks up significantly.

MartyMcfly is known for skilled trading in precious metals, specifically gold. You can view his blog here:

GoldBugz

There you have it folks, you will have to keep a close eye on this stock.

Until the next one,

Mr. Stock Pick