Stocks To Keep An Eye On - 07/16/2007

- (ETN)/1.47
- (MAT)/.11

Blackstone (BX: 29.85, 0.00, 0.0%), the diversified buyout firm, has developed a strategy to protect $3.7 billion in income from taxation, according to an article published Friday in The New York Times. The plan, which has been used at other buyout firms, exploits a discrepancy between the lower capital gains tax rate and a higher deduction for good will exchanged during an initial public offering.

Barrons came out with negative commentary on Coach (COH) and positive commentary on Environmental Power Corp. (EPG).

Watch for the financial brokerage sector (LEH, BSC, MER, MS etc.) to test it's channel highs and break higher in a strong market.

Watch FCX, TNP, and SBS for long breakouts.
Watch PMI and ANF for short breakdowns.

-MM