Back in February we published a blog post on Walt Disney (DIS) after Barron's wrote a glowing story entitled " The Magic is Back " about Walt Disney and its prospects for the future. We said back then that Disney's FusionIQ ranking was only a 58 out of a possible 100 and that at this point with only a 58 ranking it is still a bit early to believe the magic is back for good. We then suggested the best plan of attack was to wait for its FusionIQ rank to move back into bullish mode again by seeing its ranking score move back to 70. 

Well for the first time in several years DIS is back to a FusionIQ score of 70. That said we now concur with Barron's that Disney may indeed be back !

Converted Organics Inc. (COIN) a manufacturer of organic biostimulants, a natural fertilizing product used in organic farming, scored a new FusionIQ Short Squeeze signal yesterday. With 19.87 % of its float short and shares trading up on over two times its average daily trading volume it appears the shorts betting on a price decline are now running in to buy back shares as they advance. The point and figure future projected price target for COIN shares is $ 17.00.

In its article, " The Glow Is Getting Brighter " Barrons' highlights Koninklijke Philips Electronics (NYSE: PHG) the Dutch maker of light bulbs, shavers and MRI machines suggesting it finally looks ready to deliver some high-wattage results.  The article further cites the company, with a market value of $44 billion, made a series of smart moves by paring the company's businesses from an ungainly 24 to just four, slashing costs and pushing into emerging markets.

Additionally the segment discusses two acquisitions announced last year totaling 5.3 billion euros ($7.7 billion); Respironics (NASDAQ: RESP), for which Philips is shelling out €3.4 billion, which should boost the company's personal-health-care-equipment business with devices that look after respiratory problems, snoring, even insomnia. The deal is expected to more than double Philips' annual sales in personal health care, to €1.5 billion.  The other buy is Genlyte (NASDAQ: GLYT), a U.S. maker of mainly commercial lights. Genlyte's operating margins are close to 15%, which should raise Philips' total lighting margins to 12.2% from a current 11.1%.

Now the story sounds good as do most fundamental stories, however even with this aforementioned news known to the investing public the stock is still languishing near a 52 week low and with a FusionIQ technical rank of just 44 (out of a possible 100) we would suggest it is still too early in the turnaround to take part in a PHG recovery story.  As always we believe the best investment opportunities should have both strong technicals and supporting fundamentals, and clearly in the case of PHG only one discipline (fundamentals) see the stock as strong.

Metalico Inc. - MEA, a company that treats and recycles industrial waste such as lead acid batteries, scrap lead, and tin/lead scraps broke out of a multi-month consolidation on Friday on expanding volume after setting a solid base support between 9.00 and 8.75.  Addtionally the company has bested earnings estimates by double digits in 2 of the last 3 quarters, and has a very bullish FusionIQ Master Technical Score of 92.  The upside point and figure derived price objective  of $ 18.00 is as bullish as the FusionIQ Master Technical Score implies.