Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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DrStockPick.com Watch List!

My Picks for Tuesday September 29, 2009, are:

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MU, Micron Technology Inc.

MU together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR, DDR2, DDR3, synchronous DRAM, and other specialty DRAM memory products, such as mobile DRAM, pseudo-static RAM, and reduced latency DRAM.

Because of the back of strong memory prices and robust shipments, the expectations about MU would beat Wall Street’s earnings and revenue forecast for the fourth quarter

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Global Axcess Corp. today announced that it has signed a five-year contract, valued at more than $550,000 per year, with a U.S. regional convenience store chain for ATMs at 52 locations. According to the terms of the contract, Global Axcess will install, maintain and conduct transaction processing for ATMs in 52 of the customer’s convenience store outlets. The company anticipates delivering the ATMs to the customer this month, with full installation to be completed in October.

Mr. George McQuain, Chief Executive Officer of Global Axcess, stated, “By transitioning from a processing only system to a turnkey solution managed by Global Axcess, this customer has enabled their managers to focus on serving their customers and not managing ATMs. The customer indicated that our Industry leading customer service, ATM up-time and on-time residual payments were the deciding factors in winning the account.”

He added, “Our value proposition to grocery and convenience store chains

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Investors …

The Sichuan-based convenience store chain Wowo has received a USD10 million investment from the private equity firm ARC Investment Partners and the Chinese retailer is now preparing for listing on Nasdaq to become the first Sichuan retail company that is listed in the United States. According to Zhang Yifa, ARC's investment partner in China, Wowo has [...]

Ferro Corporation (FOE), the specialty chemical manufacturer, recently announced it was selling its fine chemicals business to Novolyte Technologies LP for $66 million in cash. The company said the proceeds will be used to pay down debt.

The business manufactures electrolytes used to make lithium batteries as well as specialty solvents. Novolyte will absorb the manufacturing employees.

Ferro, a Zacks #1 Rank (Strong Buy), continues to have strong fundamentals.

On Aug 5, it reported second quarter earnings that beat Wall Street estimates by 31.25%. Sales rose 17% to $650 million from $553.7 million in the year ago period.

Consensus estimates for the third quarter are steady at 31 cents per share. Full year estimates are up 5 cents to $1.38 in the last 60 days. Analysts expect 2008 year-over-year earnings per share growth of 62.65%.

Ferro is now trading at 10.5x forward earnings. Its price-to-book is

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