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Cox Radio - CXR - close: 16.53 chg: +0.47 stop: 15.39

Company Description:
Cox Radio is one of the largest radio company in the United States based on revenues. Cox Radio owns, operates or provides sales and marketing services for 79 stations (66 FM and 13 AM) clustered in 18 markets, including major markets such as Atlanta, Houston, Miami, Orlando, San Antonio and Tampa. (source: company press release)

Why We Like It:
We have had our eye on CXR for a while now. The stock appears to have put in a significant base over the last few months. Today's bullish breakout over the top of its trading range on volume about twice the norm looks like a classic bullish entry point. Shares haven't traded over their simple 200-dma in almost a year. Short-term technical oscillators are positive and its P&F chart is on the verge of reversing its bearish pattern and producing a new buy signal (it needs to trade over $17.00 to do so). It is worth noting that several days ago CXR reported receiving a subpoena from the NY State Attorney General's office requesting information on promotional practices for its radio stations. It is unknown if this will have any future affect on the stock but investors should do their homework. We are suggesting bullish positions above $16.50 with a target near $18.50. Our time horizon is about eight weeks.


 

Picked on March 01 at $16.53
Change since picked: + 0.00
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fairchild Semi - FCS - close: 17.37 chg: +0.85 stop: 15.99

Company Description:
Fairchild Semiconductor is the leading global supplier of high performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. As The Power Franchise., Fairchild offers the industry's broadest portfolio of components that optimize system power through minimization, conversion, management and distribution functions. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products from its headquarters in South Portland, Maine, USA, and numerous locations around the world. (source: company press release)

Why We Like It:
We have been keeping a close eye on the SOX semiconductor index as it flirts with major resistance in its 200-week moving average. After failing to breakout above this technical resistance last week it appears the SOX has finally broken through this level with today's 2.2 percent gain. Giving the sector a boost was JP Morgan who upgraded several stocks in the sector this morning. FCS happens to be one of those stock and JPM upgraded Fairchild to an "overweight". Volume on FCS' rally today was almost twice the average and shares look poised to continue the rally tomorrow. We want to be long FCS above the $17.00 level. Our target is the $19.50-20.00 range in a six to eight week time frame (but we suspect FCS will get there sooner). The bullish P&F chart points to a $25.00 target.


 

Picked on March 01 at $17.37
Change since picked: + 0.00
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 1.5 million

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