Homeland Security Winners: ICx, OSIS
ARLINGTON, Va. (TheStreet) -- ICx Technologies (ICXT), one of the security technology stocks that soared the week after the Christmas holiday as a result of the attempted airline bombing, was the biggest gainer on Friday in the recently hot anti-terror stock category.
President Obama made it clear on Friday morning, in a press conference about the attempted bombing by the Nigerian terrorist, that the pressure is on the heads of his intelligence agencies to improve airport screening and other security measures. Janet Napolitano, the head of Homeland Security, spoke after President Obama's remarks and said it was premature to say how much the federal government would spend on airport security measures.
Shares of ICx ended Friday up 10.7%, for a gain of 87 cents to $8.97. While the one-day spike was notable, ICx is actually much lower than the 52-week high it hit the week after Christmas. And heavy selling earlier in the week kept its Friday gain from eclipsing the ICx level shares began trading at on Monday morning.
On Monday and Tuesday of this week, ICx experienced two consecutive days of more than 4 million shares traded, and closed below $8 on both days. ICx shares didn't rise above the $8 mark until Thursday. ICx shares' Friday volume of 3.3 million was well above its 1.1 million average, but still trailed the heavy trading at the beginning of the week.During the post-holiday investor frenzy for homeland security-related technology stocks, ICx rose to a 52-week high of $10.49 on Dec. 31. Anti-terror plays like ICx, as well as American Science & Engineering (ASEI) and Implant Sciences (IMSC), have become short-term momentum technology favorites. American Science ended Friday up a little more than 2%, or $1.71 to $83.53, though the company had attained a 52-week high during Friday's session above $84. American Science shares also cratered on Tuesday, with a decline of more than $6 from its current share price of $83.53.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV