AES(nyse) - AES Corp.
Mkt Cap: 12.11B
Float: 632.32M
Profile: AES is one of the world's largest global companies with 2005 revenues of $11.1 billion. Within operations in 26 countries on five continents, AES's generation and distribution facilities have the capacity to serve 100 million people worldwide. Our 14 regulated utilities amass annual sales of over 82,000 GWh and our 128 generation facilities have the capacity to generate 44,000 megawatts. Our global workforce of 30,000 people is committeed to operational excellence and meeting the world's growing power needs.
website: http://www.aes.com/aes/index?page=home
Fundamentals
This play will be run according to technicals since we have a very strong signal. Fundamentals seem in order with sales over $11 billion and a mkt cap of only $12 billion and this revenue has been growing strong for years. The company's website has excellent investor information.
This fact sheet(pdf format) is very informative:
http://media.corporate-ir.net/media_files/irol/76/76149/AESFactSheet.pdf
Charts
(http://www.3stocksonfire.org/stockcharts/AES%2005-31-2006%20001.JPG)
(http://www.3stocksonfire.org/stockcharts/AES%2005-31-2006%20002.JPG)
Trade Plan
AES has an extremely solid chart. A 4-year ascending triangle breakout with a perfect gap fill zone for our target making this a very attractive stock. Since our primary target is 22(the gap fill) and our stop will most likely be around ~ 17.50 our reward to risk ratio is greater than 3:1. We'll take that trade any day. 8)
We will buy AES in the morning on 6/1
bought today at 18.37 looks good hopefully a market downdraft wont stop this one from climbing.
update AES:
Solid move higher today as we got a great entry for AES. For now we will just hold AES and talk stops and targets over the weekend. The position looks great. 8)
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Position: bought AES @ 18.26 on 06/01/2006
Order: Hold
Exit: n/a
Target: n/a
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update AES:
Our AES position is looking great. Lets setup a stop.. this one is only 5% away but the technical support should hold or we dont want to hold this stock. Our target for now is the gap fill at 22.
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Position: bought AES @ 18.26 on 06/01/2006
Order: Hold
Exit: stop @ 17.37
Target: 22
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update AES:
AES had a successful test of support(trendline and 20ema) on Friday. Lets see if we can get confirmation of this support this week from strong volume and price movement.
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Position: bought AES @ 18.26 on 06/01/2006
Order: Hold
Exit: stop @ 17.37
Target: 22
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This one was downgraded today by Citigroup but at 11AM recovering from the intraday low :'(
jorgrgr
fyi
AES: Smith Barney Cuts to Hold from Buy; Analyst Notes
Thursday , June 15, 2006 07:07 ET
Issuer: AES Corporation (NYSE: AES)
Analyst Firm: Salomon Smith Barney
Ratings Action: DOWNGRADE
Current Rating: Hold (from Buy)
Analyst Comments: The firm cites emerging markets volatility and share out-performance. While it is difficult to quantify emerging markets risk on AES from a bottoms up approach, they find that historical correlations of AES to emerging markets indices and currency fluctuations paint a sobering near-term picture.