Helen of Troy (HELE)
The personal care products company shot up Thursday on the news that it would be acquiring privately held Kaz. Kaz markets products to retailers under license from Procter & Gamble (PG) and Honeywell (HON).
Investors loved this deal, pushing shares of HELE more than 12% higher. The deal is not expected to be a burden on Helen, and the company has a history of acquiring assets and integrating into its business model.
This deal indeed merits traders' attention, since the stock crossed its 200-day moving average on Thursday. Expect more gains in this stock going forward.ValueVision Media (VVTV) ValueVision's ShopNBC home shopping network looks to be having a blockbuster holiday selling season so far. The company recently announced that Black Friday and Cyber Monday sales improved by 12% and 36%, respectively. In the last month alone, shares have gained more than $1 per share. The small-cap stock has been on fire of late, having doubled in value over the last three months. Are the gains sustainable? The answer depends on the economy. ValueVision needs to show positive earnings results before shares can move higher. Yes, the company now has the technical winds behind it, but I would be a bit cautious on the name going forward. Shares may have come too far too fast. If we get a January-effect correction, as I expect we will, ValueVision could give up some of those gains. I don't see many bullish reasons to own this name from a fundamental perspective. I would take a wait and see. Eastman Kodak (EK) Buyout rumors helped propel Eastman Kodak 11% higher Thursday. It too has crossed above its 200-day moving average. Run as fast as you can. Sell, sell, sell. Eastman Kodak is finished in my book. The company failed to adapt to the digital realm. To slow to react, it is only a matter of time before this company becomes completely irrelevant. If some other sucker wants your shares, give them up gladly. Trading above its 200-day average means absolutely nothing. Late in the day Thursday, the company was removed from the S&P 500 index. That will bring selling pressure in its own right. There is nothing bullish about Eastman in my opinion.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV