If you're looking for some trading action, then Organovo Holdings Inc. (NYSEMKT:ONVO) and Albemarle Corporation (NYSE:ALB) are the two top names to put on your radar today. Granted, they're trading candidates for completely opposing reasons. In fact, the best "play" may be to swap one for the other. However you want to play it though, here's what you need to know about ALB and ONVO.
If the name Organovo Holdings rings a bell, it might be because yours truly named it as a budding bullish idea back on October 18th. As they say though, that was then and this is now. A lot can happen in three weeks, and in the case of ONVO, a lot did happen - the stock gained 50%.
Although the ultimate expectation from ONVO was for a move to slightly higher levels than the current price of $9.03, you deal with what the market gives you rather than try and make the market give you something it's just not willing to give up. In this case, what the market gave us was a runup that unfurled a little too rapidly for its own good. Though the weekly chart of Organovo Holdings Inc. has yet to hit the upper resistance line that's tagged the last couple of major peaks, there's not a lot of sense in being penny-wise but pound-foolish; a 50% pop isn't too shabby.
Top Penny Companies To Own In Right Now: TranSwitch Corporation(TXCC)
Transwitch Corporation designs, develops, and supplies semiconductor and intellectual property solutions for voice, data, and video communications equipment. The company provides integrated multi-core network processor system-on-a-chip (SoC) and software solutions for fixed, 3G and 4G mobile, VoIP, and multimedia infrastructures. It offers converged network infrastructure products, including infrastructure VoIP processors comprising Entropia series of processors for wire-line and wireless carrier equipment; EoS/EoPDH mappers and framers for formats and data speeds in the access portion of the network; tributary switches that enable traffic to be switched or re-arranged; and carrier Ethernet solutions consisting of Ethernet controllers and switches, as well as circuit emulation and clock recovery devices. The company also provides FTTx protocol processors, such as mustang, a system-on-chip solution for EPON optical network unit equipment; COLT processor, a system-on-chip so lution for the optical line terminator equipment; and Diplomat-ONT product, an integrated SoC solution for GPON ONU applications, as well as access VoIP processors and access controllers. In addition, it offers broadband customer premises equipment, including multi-service communications processors comprising Atlanta processor, a multi-service SoC for customer premises equipment that supports toll-quality telephone voice, fax, and routing functionality; and HDMI, displayport, HDP, and Ethernet IP cores for consumer electronics, home network equipment, and industrial and automotive applications. The company serves public network systems OEMs, WAN and LAN equipment OEMs, Internet-oriented OEMs, and communications test and performance measurement equipment OEMs, as well as government, university, and private laboratories. It sells its products through direct sales force, independent distributors, and sales representatives. The company was founded in 1988 and is headquartered in Shelton, Connecticut.
Top Penny Companies To Own In Right Now: Medallion Financial Corp.(TAXI)
Medallion Financial Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company engages in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. It offers commercial loans to finance the purchase of the equipment and related assets necessary to open a new business, or the purchase or improvement of an existing business; asset-based loans to small businesses; and secured mezzanine loans to businesses in various industries, including manufacturing and various service providers. The company also raises deposits; originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, trailers, and hearing aids; and conducts other banking activities. In addition, it provides other debt, mezzanine, and equity investment capital to companies in various industries. The company was founded in 1995 and is headquartered in New York, New York.
Best Cheap Stocks To Buy For 2014: Rocky Mountain Chocolate Factory Inc.(RMCF)
Rocky Mountain Chocolate Factory, Inc. operates as a franchiser, confectionery manufacturer, and retail operator. It offers a range of chocolate candies and confectionery products. The company?s products include clusters, caramels, creams, mints, and truffles. As of March 31, 2010 it operated 11 owned, 29 franchised/licensed owned, and 305 franchised Rocky Mountain Chocolate Factory stores in 36 states in the United States, Canada, and the United Arab Emirates. The company was founded in 1981 and is headquartered in Durango, Colorado.
Top Penny Companies To Own In Right Now: Dreyfus Strategic Municipals Inc. (LEO)
Dreyfus Strategic Municipals, Inc. operates as a diversified, closed-end management investment company. The fund invests primarily in municipal obligations of various states of the United States. The Dreyfus Corporation serves as the investment adviser of the fund. Dreyfus Strategic Municipals was founded in 1987 and is based in New York City.
Top Penny Companies To Own In Right Now: Telular Corporation(WRLS)
Telular Corporation designs, develops, and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines primarily in the United States and internationally. It provides machine-to-machine and event monitoring services, including Telguard that comprises a specialized terminal unit, which interfaces with commercial security control panels and communicates with event processing servers to provide real-time transport of alarm signals from residential and commercial locations to an alarm company?s central monitoring station; and TankLink solution that combines a cellular communicator, wireless data services, and a Web-based application into a single offering, which allows end-users to monitor the product level in a given tank vessel. The company also offers fixed cellular terminals for voice, fax, and Internet access over the wireless networks. It sells its products to security equipment distributors, cellular carriers, and value added resellers. The company was founded in 1986 and is headquartered in Chicago, Illinois.
Advisors' Opinion:- [By Eric Volkman]
Telular (NASDAQ: WRLS ) will most likely soon be an asset belonging to another company. It has entered into an agreement to be bought by private equity firm Avista Capital Partners for total consideration of $253 million. This consists of $12.61 per share in cash and roughly $18.5 million in assumed debt.
Top Penny Companies To Own In Right Now: Paid, Inc.(PAYD)
Paid, Inc. focuses on providing brand-related services to businesses and celebrity clients in the entertainment, sports, and collectible industries. The company?s brand management, brand marketing, social media marketing, product design and merchandising, and authentication services, as well as Website design, development, and hosting services help its clients in growing their customer base in size, loyalty, and revenue generation. It offers entertainers, celebrity athletes, and business entities Web-presence and related services supporting and managing clients? official Websites and fan-community services, including e-commerce, VIP ticketing, live event fan experiences, user-generated content, client content publishing and distribution, fan forums, social network management, and social media marketing, as well as customer data capture, management, and analysis. Its brand support services also comprise design and production of print, audio, and video promotion marketing ma terials for client branded products and events. In addition, Paid, through official fan Website stores and other Web-based outlets, and on-tour and retail outlets, sells merchandise for celebrities. Further, the company, through AuctionInc, offers a suite of online shipping management tools, which assist businesses with e-commerce storefronts, shipping solutions, inventory management, and auction processing. Paid, Inc. was founded in 1986 and is based in Worcester, Massachusetts.
Top Penny Companies To Own In Right Now: Summit State Bank(SSBI)
Summit State Bank operates as a community bank in Sonoma, Napa, San Francisco, and Marin Counties in California. It offers deposit accounts, such as transaction accounts, money market accounts, savings accounts, time deposit accounts, business checking accounts, time certificates of deposit, sweep accounts, and specialized deposit accounts, including professional, small business packaged, and tiered accounts for larger deposits, and Keogh and IRA accounts. The company also provides commercial and industrial lines of credit and term loans, credit lines to individuals, equipment loans, real estate and construction loans, small business loans, and business lines of credit; consumer loans, including auto loans, mortgage loans, home improvement loans, and home equity lines of credit; and loans for accounts receivable and inventory financing, loans to agriculture-related businesses, and equipment and expansion financing programs. In addition, it offers banking by appointment, on line and telephone banking services, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier services, safe deposit boxes, night depository facilities, notary services, travelers? checks, lockbox, and banking by mail. Further, the company, through its subsidiary, Alto Service Corporation, provides deed of trust services. It serves small-to medium-sized businesses, professionals and professional associations, entrepreneurs, high net worth families, foundations, estates, and individual consumers. The company operated five offices in Santa Rosa, Petaluma, Rohnert Park, and Healdsburg. Summit State Bank was founded in 1982 and is headquartered in Santa Rosa, California.
Top Penny Companies To Own In Right Now: Brocade Communications Systems Inc.(BRCD)
Brocade Communications Systems, Inc. supplies networking equipment comprising end-to-end Internet protocol based Ethernet and storage area networking solutions. Its Data Storage segment provides infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, distance/extension products, management applications, and utilities to centralize data management; and host bus adapters, converged network adapters, mezzanine cards, and switch modules for bladed servers. The company?s Ethernet Products segment offers Open Systems Interconnection Reference Model (OSI) Layer 2-3 switches and routers, which enable the use of bandwidth-intensive network business applications and digital entertainment on local area networks and wide area networks; and OSI Layer 4?7 switches that allow enterprises and service providers to build network infrastructures to direct the flow of traffic, and file area network products and associated management s olutions. The company?s Global Services segment provides break/fix maintenance, extended warranty, installation, consulting, network management, and related software maintenance and support services; consulting and support services that assist customers in designing, implementing, deploying, and managing networking solutions; and post-contract customer support and extended warranties. It serves various businesses and organizations, which include global enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company has a strategic partnership with LG-Ericsson. It offers its products and services to end-user customers directly, and through various distribution partners comprising original equipment manufacturers, distributors, systems integrators, and value-added resellers in the United States, western Europe, Japan, and the greater Asia Pacific region. The company was founded in 1995 and is headquartered in San Jose, Cali fornia.
Advisors' Opinion:- [By Lauren Pollock]
Brocade Communications Systems Inc.(BRCD) raised its stock buyback program to $1 billion from $308 million, as the company cited confidence in generating greater cash flow as well as its long-term business prospects. Shares rose 3.8% premarket to $8.49.
- [By Lauren Pollock]
Brocade Communications Systems Inc.'s(BRCD) fiscal fourth-quarter earnings rose 19% as stronger margins and decreased costs offset lower revenue for the maker of data and storage-network products. Adjusted profit for the period exceeded the company’s expectations, sending shares up 5.3% to $8.52 premarket.
- [By Muhammad Bazil]
There is a looming monumental change in the information technology sector that will obviously benefit some existing producers of technology networking equipment but unfortunately, some will be drowned in the ensuing storm. The size of the networking equipment industry where Cisco Systems (CSCO) currently plays a prominent role is massive: The industry is worth about $50 billion in annual spending. Cisco is a tech manufacturing company that manufactures and markets Internet protocol-based switches and routers commonly used by networking companies and professionals for data and voice transmission across networks. Other major players in this industry include F5 Networks (FFIV), Juniper Networks (JNPR) and Brocade (BRCD).
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