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Tuesday Update: Getting Some Traction

China continues to make big news. Caterpillar (NYSE: CAT) was out with quarerly earnings today. CAT is as Global and Infrastructure as it gets. Here's what they had to say about the global environment, which bodes very well for my smaller China ideas:

There is still a great deal of economic uncertainty in the world, but we are seeing signs of stabilization that we hope will set the foundation for an eventual recovery. Credit markets have improved significantly. Fiscal policy and monetary stimulus have been introduced around the world, and we are seeing signs, particularly in China, that they are beginning to work. In addition, we've seen many key commodity prices increase from their lows in the first quarter, and they are holding in a range that is usually positive for investment.

There's a bit of activity out there today in several of my current ideas, and some news to share. Here's a quick recap:

Universal Travel (AMEX: UTA): Stock traded all the way to $11.75 today before pulling back a little. Recommended at $8 in June. Accumulate on pullbacks.
FXI: China Large Cap ETF: Holding over the $40 for second day in a row. The first time this has happened in about 11 months. Could be due for a little pullback. Strong buy rec in Feb at $25. Accumulate on pullbacks.
Dercyz Scientific (DYSC): light volume, but recommended over the weekend at $1. Now offered at $1.25. In my view, stock is going to $2.

Two followed stock in the news today:

NF Energy (OTC BB: NFES): NFES announced another contract today in the amount of $3.3 million. Last week it was a $5 million contract. This is a China infrastructure play that just keeps growing at 50% annually. One analysts projects $.16EPS this year, up from $.10 last year. Nearly $30 million in booked orders. Catalyst Research forecasts $2.50 stock. Recommended a month ago at $.69- now $.86. Click here to read today's news.
Options Media Group (OTC BB: OPMG): Finding a little bit of a bid today. News out. Company signs LOI to acquire Bullroarer, a Leading International SMS Provider. It's an Australia-based mobile technology and content provider, with offices in Australia, United Kingdom, Italy, Los Angeles and San Francisco. Helps expand OPMG's capabilties with a very robust mobile SMS platform. This one's a bit riskier, but the company is really on track, and the stock is starting to firm up nicely. Click Here to read today's news.