Forex Minute Trade Plan – Hot Stock Tips 14/04/2014

Forex Minute Trade Plan - Hot Stock Tips 02/05/2014

Forex Minute Trade Plan - Stock Tips 14/04/2014

What are Monday’s likely movers and shakers? Here’s a breakdown of some of the potential candidates.

Stock 1: Citigroup, Inc. (NYSE:C)

The financial services holding company reported its latest round of earnings on Monday, and the report beat expectations across all the major areas. Quarterly net profit rose 4 percent; first-quarter net income rose to $4.15 billion, or $1.30 per share, from $4.00 billion, or $1.29 per share last year; and total net income rose to $3.94 billion, or $1.23 per share, from $3.81 billion, or $1.23 per share. Pre market trading saw the stock gain close to 4 percent before the bell, and the gains look set to continue as the day matures. Look for an initial upside target of intraday highs at 46.40. Looking longer term, Merrill Lynch has placed a buy rating on the stock with 40% upside target at 65 flat.

Stock 2: Visa Inc. (NYSE: V)

The payments technology is on the watch list of many traders today, both as a long and a short term gainer. Baird Investment Management just upgraded the company’s stock from “neutral” to “outperform”, with an upside target at 245. This implies a more than 25% upside, one which day traders will likely take hold of as an indicator of short term gains. The stock closed on Friday testing key intraday support, and a failed retest of 197.00 would validate an upside bias towards Friday’s highs at 199.60.


Stock 3: Arena Pharmaceuticals, Inc. (NASDAQ: ARNA)

Something of a short term play this one, Arena is biopharmaceutical company that focuses on novel drugs that target G protein-coupled receptors. Its current lead product is a weight management drug called BELVIQ, and today the company announced a national television advertising campaign for the therapy. Those in the know have generally offered up favourable reviews of the advert, and the company’s stock will likely strengthen not just today, but as the week matures, on expectations of increased national sales. The stock is up nearly 2% pre market, trading at 6.18 versus a Friday close of 6.07. Look for an initial upside target at Friday highs at 6.24.

To contact the reporter of this story: Samuel Rae at