BE Aerospace, Inc. (NasdaqGS: BEAV - News) share price has entered into oversold territory with a stochastic value of 18.22. The Zacks Consensus Estimate on the company earnings for 2010 has moved up a penny over the past 2 months to $1.46 per share. BE Aerospace is a Zacks #2 Rank (“Buy) company. [Read the full article]

Advanced Micro Devices Inc.: Jefferies & Co. equity analyst Adam Benjamin maintained an underperform rating on shares of Advanced Micro Devices Inc. (AMD) on Apr. 16. He raised a price target on the second-largest maker of microprocessors to $7 from $6.

On Apr. 15, AMD reported first-quarter sales that beat analysts' predictions, adding to evidence that personal-computer demand is increasing. Revenue rose 34% to $1.57 billion, AMD said in a statement. Analysts estimated $1.54 billion on average, according to a Bloomberg survey. Net income was $257 million, after a loss a year earlier, helped by an accounting change.

Benjamin said in a note that AMD guided second-quarter revenue above the Wall Street consensus expectation (roughly in the $1.50 billion to $1.57 billion range, vs. his $1.52 billion estimate). As such, he raised his earnings per share (EPS) estimates for 2010 to 44 cents from 30 cents and for 2011 to 56 cents from 39 cents. [Read the full article]

General Electric's energy infrastructure unit was stronger than many analysts expected in the first quarter, suggesting several stocks that play in the same space may be worth a look.

Energy infrastructure turned in revenues of $8.66 billion, better than four of six analyst estimates I reviewed, and also better than the average of their estimates, which was $8.59 billion.

GE's energy infrastructure business is massive, including everything from oil and gas and coal to wind, water. GE said electricity demand was still weak in developed markets, though it showed signs of improvement.

Among these, only Vestas and Alstom were up in early trading Friday. Vestas, a maker of wind turbines, may not be the best way to play the GE results, as GE wind orders of $1.2 billion were down 28% versus the first quarter of last year. [Read the full article]

We all know that what goes up must come down. But is the speed of the ascent correlated to the degree of decline?

With the exception of the January hiccup, the major indexes a la Dow Jones (DJI: ^DJI), S&P 500 (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) have been inching up a fraction of a percent every day.

Even though volume has been anemic, we haven't seen a down day of more than 1% since early February. This kind of performance is not just unusual, it's eerie. What does it mean?

In general, long and drawn out trends are unhealthy as they cause extreme investor sentiment. Extreme investor sentiment on the other hand has been a historically accurate measure of a trend reversal or significant correction.

Just as a mortal human can only exhale for so long without inhaling, the market can only go up so long without correcting. The longer one goes without taking a breath, the deeper the next breath with be. [Read the full article]