Sunday, October 31, 2010

Top AMEX Stock Movers (PIP, GMO, KEM)

PharmAthene, Inc. (AMEX:PIP) plunged 14% to $3.51 on unusual volumes. The company announced that it has priced a registered public offering of 4,300,000 shares of its common stock at a price to the public of $3.50 per share. In connection with the offering, the Company also granted the underwriter a 30-day option to purchase up to an additional 645,000 shares to cover over-allotments, if any. The offering is expected to close on or about November 3, 2010. The stock traded within the range of $3.50-$3.63. At closing market price, the market capitalization of the company stands at $115.02 million. General Moly, Inc. (AMEX:GMO) soared 20.93% to close at $5.20 after it made its fresh 52-week high of $5.24. The company said it has a net loss of $6.3 million or $0.09 per share in its third quarter. Consolidated cash balance at the end of the third quarter was approximately $17 million compared to approximately $23 million at the end of the second quarter and approximately $49 million at the end of 2009. The stock went up more than 150% year-to-date. The 52-week range of the stock is $1.85-$5.24. KEMET Corporation (AMEX:KEM) jumped 10.95% to $3.75. The Company posted second quarter 2011 results. The company reported that its net income jumped to $34.3 million or $0.42 a basic share from $0.22 a share a year ago period. Revenue grew 43.5% to $248.6 million from $243.8 million in a year ago quarter. The stock opened at $3.37 and traded within the range of $3.37-$3.83. Over the past five trading sessions, the stock went up more than 25%. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks



AIG Scores with Hong Kong IPO for AIA

American International Group, Inc. (NYSE: AIG ) earlier this year rejected an offer of $30.5 billion from Britain’s Prudential PLC (NYSE: PUK ) for its Asian insurance division American International Assurance Group Ltd., known as AIA. AIG decided instead to pursue an IPO on the Hong Kong exchange, and that offering is now in the books. The IPO valued AIA at about $30.6 billion, but of that AIG gets only about $17.8 billion. By any measure the IPO was a smashing success. The shares went out at HK$19.68 (about $2.96) and closed the morning session at HK$22.95. The shares are over HK$23 currently. Bloomberg Businessweek has reported that gray market shares of AIA traded at around HK$21.50 before the IPO. Originally slated for 5.86 billion shares, the offering grew by 1.17 billion shares on strong demand from investors. AIG also retains an option to sell another 1.05 billion shares, which would reduce its remaining stake in AIA from 42% to about 33%. Under the terms of the IPO, AIG cannot exercise its option for six months and must maintain a minimum 30% stake for one year. AIG’s take if it exercises its option could total as much as $20.5 billion. AIG plans to use its proceeds to pay off part of the $46 billion it still owes to the Federal Reserve Bank of New York. AIA had commitments from five cornerstone investors totaling $1.9 billion. The largest piece came from the Kuwaiti sovereign wealth fund, which put up $1 billion. Malaysia’s Guoco Group Ltd. and Hong Leong Group committed a total of $420 million and Malaysia’s government retirement fund invested $200 million. Two Hong Kong investment companies and Hong Kong’s Wharf Holdings Ltd. put up the remaining $300 million. The IPO was the second largest this year, trailing only the massive $22.1 billion IPO of China’s Agricultural Bank of China. The Wall Street Journal noted that the retail tranche of the IPO was oversubscribed by more than nine times, and the institutional tranche was oversubscribed by nearly eight times. The AIA offering was part of an overall plan agreed to by AIG and the federal government that would repay US taxpayers most, if not all, the $180 billion or so poured into AIG following the financial crisis of 2008.
tdp2664
gol2664
InvestorPlace



Weekly News Roundup: Dow Chemical (NYSE:DOW)

Here are this week’s news briefs for Dow Chemical (NYSE:DOW). Dow Chemical (NYSE:DOW) stocks ended the week at 30.84 (as of 10/29/2010). Weekly News Roundup: Dow Chemical (NYSE:DOW) Tuesday 26 October Dow Chemical (NYSE:DOW) has recognized the winners in the Sustainability Innovation Student Challenge held at Tufts University in Boston. The students have been awarded for their innovation and commitment for providing sustainable solutions to social, economic, and environmental problems. Neil Hawkins Dow Chemical (NYSE:DOW) Vice President of Sustainability and Environment, Health and Safety said, "I speak for everyone at Dow Chemical (NYSE:DOW) when I say how proud we are to recognize the innovative thinking and collaboration showcased among a new generation of scientists and leaders collectively working toward a more sustainable future." Friday 29 October Dow Chemical (NYSE:DOW) has improved its third-quarter performance. Dow Chemical's (NYSE:DOW) sales rose on stronger demand and saw an overall price increase of 9 percent. The third quarter results showed a solid recovery, beating analyst's forecasts for the company's earning. Andrew Liveris, Dow Chemical's (NYSE:DOW) chairman and chief executive, said, "These results clearly demonstrate our strategy is continuing to deliver and that we have regained our momentum to transform Dow Chemical (NYSE:DOW) into an earnings growth company."  We will continue checking the Dow Chemical (NYSE:DOW) stock level for developments over the next couple of weeks.
tdp2664
E money daily



TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES October 29th, 2010 Mid Day

dow2664

The market closed flat on Thursday and stocks continue this trend into Friday afternoon. Corporate third quarter results continue to report better than expected earnings but mixed affects on stocks. Multiple reports were anticipated today on the economic calendar. The government released the initial results of its third quarter gross domestic product (GDP). The GDP is used to measure the nations economic activity. The government reports the third quarter GDP rose at an annual rate of 2%. This was higher than the last report three months ago at 1.7%, but indicates growth at a sluggish rate. The Bureau of Labor Statistics reported the compensation for civilian workers increased 0.4% in the third quarter. The Michigan consumer sentiment index was reported to decline from 67.9 last month to 67.7, falling short of the anticipated 68. Investors report increased uncertainty at this time with so many mixed third quarter results and they continue to speculate what measures the Fed will take and how the Nov. 2 elections may affect the economy. Until there are some definitive answers, reports indicate the market will continue to be choppy. Currently the markets are in the green approaching close. NASDAQ is up 9.83 points to 2,517.19. S&P 500 is up 1.18 to 1,184.96. DJIA is up 8.77 to 11,122.72. The Treasurys 10-year yield is down 0.04 to 2.62%. Oil is down 1.02 to $81.18 a barrel. Author: Pamela Frost

TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES October 29th, 2010 Mid Day



Top 10 U.S.-Listed Chinese Stocks with Highest Return on Assets: GPRC, HGSH, SCOK, CNET, CJJD, CYOU, BIDU, CNGL, SINA, PWRD (Oct 31, 2010)

Below are the top 10 U.S.-listed Chinese stocks with highest Return on Assets ratio (ROA) for the last 12 months, UPDATED TODAY before 4:30 AM ET. ROA shows a company's efficiency in making profits from its assets. It is equal to net profits divided by total assets.

Guanwei Recycling Corp. (NASDAQ:GPRC) has the 1st highest Return on Assets in this segment of the market. Its ROA was 69.37% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 3.73 for the same period. China HGS Real Estate, Inc. (NASDAQ:HGSH) has the 2nd highest Return on Assets in this segment of the market. Its ROA was 56.88% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.48 for the same period. SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) has the 3rd highest Return on Assets in this segment of the market. Its ROA was 56.74% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.86 for the same period. ChinaNet Online Holdings Inc (NDA) (NASDAQ:CNET) has the 4th highest Return on Assets in this segment of the market. Its ROA was 43.32% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.89 for the same period. China Jo Jo Drugstores Inc (NASDAQ:CJJD) has the 5th highest Return on Assets in this segment of the market. Its ROA was 43.02% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 2.56 for the same period.

Changyou.com Limited(ADR) (NASDAQ:CYOU) has the 6th highest Return on Assets in this segment of the market. Its ROA was 42.11% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.78 for the same period. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 7th highest Return on Assets in this segment of the market. Its ROA was 37.86% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.91 for the same period. China Nutrifruit Group Ltd (AMEX:CNGL) has the 8th highest Return on Assets in this segment of the market. Its ROA was 35.89% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.35 for the same period. SINA Corporation (USA) (NASDAQ:SINA) has the 9th highest Return on Assets in this segment of the market. Its ROA was 35.65% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.31 for the same period. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) has the 10th highest Return on Assets in this segment of the market. Its ROA was 35.56% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.81 for the same period.

tdp2664
China Analyst
Top 10 U.S.-Listed Chinese Stocks with Highest Return on Assets: GPRC, HGSH, SCOK, CNET, CJJD, CYOU, BIDU, CNGL, SINA, PWRD (Oct 31, 2010)



Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc.

dow2664

Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc. Schaeffers Research – Oct 29, 2010 The Dow Jones Industrial Average (DJIA) has bounced back from early losses, though stocks have made little progress into positive territory as Wall Street digests the preliminary report on US …

Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc.



Consumer Good Stocks Closed Lower (Ford, GT, AVP)

Ford Motor Company (NYSE:F) slid 0.63% to $14.13. This week, the company said that its third-quarter net income jumped to $1.7 billion or 43 cents a share, from $997 million, or 29 cents a share, in the year-ago period. Revenue fell slightly to $29 billion from $30.3 billion. Wall Street analysts expected net income of 36 cents a share and revenue of $27.9 billion, according to a survey by FactSet Research. At Friday`s closing market price, the market capitalization of the company stands at $48.60 million. The Goodyear Tire & Rubber Company (NYSE:GT) dropped 3.22% to $10.22. The company reported a net loss of $20 million, or 8 cents per share, for the third quarter, compared with a net profit of $72 million, or 30 cents per share, a year earlier. Excluding one-time items that included debt refinancing, Goodyear reported earnings of 13 cents per share. Analysts on average expected Goodyear to report earnings of 10 cents per share on that basis, according to Thomson Reuters. The 52-week range of the stock is $9.10-$16.39. The stock went down more than 29% year-to-date. Avon Products, Inc. (NYSE:AVP) went down 1.81% at $30.45. Avon’s net income in the third quarter rose to $166.7 million, or 38 cents a share from $156.2 million, or 36 cents a share, a year earlier. Excluding one-time items, earnings were 41 cents a share, compared with the analysts’ average estimate of 47 cents, according to Thomson Reuters. Revenue was up 4 percent at $2.66 billion. Analysts on average forecast $2.69 billion. Over the past 52-week, the stock had traded within the range of $25-$36.39 and is down more than 4% year-to-date.
tdp2664
Newsworthy Stocks



Consumer Good Stocks Ended Higher (EK, PG, CSTR)

Eastman Kodak Company (NYSE:EK) added 2.67% to $4.70. This week, the company reported that its third-quarter net income climbed to $155. The company late Thursday posted third-quarter net income of $170 million, or $2.33 a share, up from $101 million, or $1.38 a share, in the year-earlier period. Analysts surveyed by FactSet Research had expected Eastman Chemical to earn $2.24 a share. For the fourth quarter, the company said it will earn between $1.40 and $1.50 a share. Analysts are looking for $1.41 a share. Over the past 52-week, the stock had traded within the range of $3.26-$9.08. At Friday`s closing market price, the market capitalization of the company stood at $1.26 billion. The Procter & Gamble Company (NYSE:PG) surged 0.60% to $63.57. The company said Wednesday its first-quarter earnings fell 7% to $3.08 billion, or $1.02 a share, from $3.3 billion, or $1.06 a share, in the year-ago period. Wall Street analysts expected the consumer products giant to earn $1 a share on revenue of $20.27 billion, according to a survey of analysts by FactSet Research. For its second quarter, Procter & Gamble expects earnings of $1.05 a share to $1.11 a share, with net sales growth of 3% to 5%. Wall Street analysts expect earnings of $1.11 a share. Over the past 52-week, the stock had traded within the range of $39.37-$64.58 and is up more than 3% year-to-date. Coinstar, Inc. (NASDAQ:CSTR) skyrocketed 24.47% to $57.58. The company said that it earned $19.5 million, or 60 cents a share in its third-quarter on revenue $380.2 million, way ahead of analysts' estimates of a profit of 50 cents on revenue of $381.2 million. The company also lilted its full year forecast to $2.14 and $2.20 a share on revenue of $1.460 billion and $1.485 billion, ahead of analyst forecast of $1.91 on revenue of $1.472 billion. Over the past one month of trading sessions, the stock went up more than 33%.
tdp2664
Newsworthy Stocks



Can You Trust Earnings Reports?

Throughout mankind's history, scales have been a symbol of equality. As much as commoners rely on scales to be treated fairly, "ueber commoners" try to escape the scales of justice and equality and want to be measured by different and better standards. In his Gettysburg Address, Abraham Lincoln exhorted his listeners to ensure the survival of a government of the people, by the people, for the people. It seems like survival of the fittest like forces have turned a government of, by and for the people into a government of, for and by special interest groups. Buffett: No More Robin Hood This week we read that even the Robin Hood of investors, creates his own rules. Warren Buffett — the only candidate to even remotely resemble a Robin Hood of Wall Street — had a friendly exchange with the SEC about the treatment of actual losses. Warren Buffett's Berkshire Hathaway (NYSE: BRK.A ) was sitting on $1.86 billion in losses caused by declining Kraft Foods (NYSE: KFT ) and US Bancorp (NYSE: USB ) stock. The losses were more than 12 months old and according to current accounting rules had to be written down. Perhaps Warren had seen how Wall Street is allowed to bend accounting rules to its favor (more about that in a moment) and thought: "What they can do I can do better." In short, Berkshire didn't write down the $1.86 billion in losses because … drum roll … as Berkshire's Chief Financial Officer Marc Hamburg's reasoned: "We believe it is reasonably possible that the market prices of Kraft Foods and U.S. Bancorp will recover to our cast within the next one to two years assuming that there are no material adverse events affecting these companies or the industries in which they operate." In other words, Berkshire didn't want to write down losses, because under the right circumstances there's a fair chance that stock prices will recover. Perfect Conditions — 100% Profitability Of course, under the right conditions any loss could reverse itself. But, because we don't live in a perfect world, we have accounting rules. The final numbers are designed to help investors evaluate a company's current financial health. If the doctor tells you that you have high cholesterol, do you tell him: "Don't worry, under the perfect conditions I'll eat only raw vegetables," when in reality you live on burgers and fries and should be on a double dose of cholesterol meds? Interestingly — and very smartly — Warren Buffett's new knight, Todd Combs, has stolen the headlight and absorbed the attention of what otherwise could turn into a full-fledged accounting scandal. Further Implications Courtesy of the post-2007 credit contraction, Wall Street Banksters (NYSE: XLF ), the administration, and reputable companies have become quite adept at the denial and cover-up approach. Case in point, Fannie and Freddie. In 2008, management for the ailing housing giant denied financial trouble.  On Sunday, Sept. 7, 2008, the government seized control of Fannie and Freddie. Nevertheless, stocks rallied on Monday the morning after. Despite stock's (NYSE: VTI ) party mood, the ETF Profit Strategy Newsletter considered banks (NYSE: KBE ) and financial institutions (NYSE: XLF ) a "downward spiral with no stop-loss provision" and predicted Dow (DJI: DJI) 7,500 previously in September 2008. As stocks quickly tumbled to Dow 7,500, the government became desperate. Real estate-related losses were piling up; investors lost confidence in the financial system and drove Washington Mutual out of business. The problem was too big to fix, so the administration forced the Financial Accounting Standards Board to change Rule 157. Obviously, the fix is only topical. If it wasn't, why would Fannie and Freddie need an additional $215 billion in aid? The "new and improved" Rule 157 allowed Banksters to value assets at what they might be worth in the future. If bank A purchased a portfolio of real estate (NYSE: IYR ) for $10 million in 2006 and lost $6 million because the assets turned toxic, bank A is allowed to value the portfolio just below $10 million. The very real loss is not included in the current earnings numbers. Can You Trust Earnings? The real question is whether you can trust reported earnings? If Berkshire, along with most banks and financial conglomerates, has the legal right to fudge their earnings we may rightly wonder who else is employing this convenient accounting trick? Some would call them stupid if they didn't. Ironically, Citigroup's profits exceeded estimates because they reduced bad loan provisions. JPMorgan (NYSE: JPM), on the other hand, expects mortgage buybacks (related to the foreclosure disaster) to cost lenders $120 billion. To emphasize, to see  Citigroup (NYSE: C ) reducing its bad loan reserves would be like an insurance company reducing its natural disaster fund right before hurricane season. Be that as it may, the S&P (SNP: GSPC ), Dow Jones (NYSE: DIA ), and Nasdaq (Nasdaq: IXIC ) continue to rally. The Nasdaq 100 (NASDAQ: QQQQ ) has already shot past its April 2010 recovery high, while the Dow and S&P (NYSE: IVV ) are within striking distance. Expect the Unexpected Following a horrendous August, investors were expecting a terrible September and/or October. The opposite happened. As we approach November, we hear that this month usually kicks off the most profitable time of the year. Fourth-quarter institutional cash inflows tend to result in the best consecutive three-month period. As we've discussed here in the past, institutions are not the only ones that provide liquidity right now. The Federal Reserve via its POMO purchases is another one (detailed analysis available in the November issue of the ETF Profit Strategy Newsletter ). This extra liquidity is not to be underestimated. An Extra Black Swan As we've experienced many times, the market tends to surprise the investing masses — most of which are bullish right now. A decline from current prices would certainly be a surprise. To the average investor, who's betting on QE2 to lift the economy and personal investments, a decline would indeed represent a "Black Swan." As noted in any chart, this season of the year, sentiment, and the market's behavior indicates that the next couple of weeks are likely to be pivotal for the upcoming months. As of yet, the market has not given away its true intentions, but it's sending subtle clues. Some recent support/resistance points are likely to turn into trigger levels, which once activated should fuel a move into that direction. The semi-weekly Technical Forecast (part of the ETF Profit Strategy Newsletter) includes the latest technical analysis along with trigger, target, safety and stop-loss levels designed to navigate the current environment profitably.  This article is written by Simon Maierhofer of ETFguide.com. ETFguide is the information leader on exchange-traded funds because of its vendor-neutral approach and its progressive reporting style. Unique features include an ETF bookstore, a monthly e-mail newsletter and subscription-based ETF portfolios.
tdp2664
gol2664
InvestorPlace



Top 10 Focus Stocks of The Day: QCOR, GNMK, PWAV, EL, STMP, MXIM, STRA, SCR, CALD, VPRT (Oct 31, 2010)

Below are today's top 10 focus stocks. These momentum stocks are attracting a lot of interest from traders. One Chinese company (SCR) is on the list.

Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) is today's 1st best focus stock. Its daily price change was 12.4% in the previous trading day. Its upside potential is 14% based on brokerage analysts' average target price of $14 on the stock. It is rated positively by 100% of the 2 analyst(s) covering it. Its long-term annual earnings growth is 28% based on analysts' average estimate. GenMark Diagnostics, Inc (NASDAQ:GNMK) is today's 2nd best focus stock. Its daily price change was 11.4% in the previous trading day. Its upside potential is 63% based on brokerage analysts' average target price of $8 on the stock. It is rated positively by 100% of the 3 analyst(s) covering it. Its long-term annual earnings growth is 30% based on analysts' average estimate. Powerwave Technologies, Inc. (NASDAQ:PWAV) is today's 3rd best focus stock. Its daily price change was 11.0% in the previous trading day. Its upside potential is -2% based on brokerage analysts' average target price of $2 on the stock. It is rated positively by 22% of the 9 analyst(s) covering it. Its long-term annual earnings growth is 125% based on analysts' average estimate. The Estee Lauder Companies Inc. (NYSE:EL) is today's 4th best focus stock. Its daily price change was 10.5% in the previous trading day. Its upside potential is 0% based on brokerage analysts' average target price of $71 on the stock. It is rated positively by 42% of the 19 analyst(s) covering it. Its long-term annual earnings growth is 16% based on analysts' average estimate. Stamps.com Inc. (NASDAQ:STMP) is today's 5th best focus stock. Its daily price change was 10.5% in the previous trading day. Its upside potential is -4% based on brokerage analysts' average target price of $15 on the stock. It is rated positively by 67% of the 3 analyst(s) covering it. Its long-term annual earnings growth is 18% based on analysts' average estimate.

Maxim Integrated Products Inc. (NASDAQ:MXIM) is today's 6th best focus stock. Its daily price change was 10.2% in the previous trading day. Its upside potential is 0% based on brokerage analysts' average target price of $22 on the stock. It is rated positively by 38% of the 26 analyst(s) covering it. Its long-term annual earnings growth is 14% based on analysts' average estimate. Strayer Education, Inc. (NASDAQ:STRA) is today's 7th best focus stock. Its daily price change was 9.3% in the previous trading day. Its upside potential is 14% based on brokerage analysts' average target price of $160 on the stock. It is rated positively by 33% of the 18 analyst(s) covering it. Its long-term annual earnings growth is 16% based on analysts' average estimate. Simcere Pharmaceutical Group (NYSE:SCR) is today's 8th best focus stock. Its daily price change was 9.2% in the previous trading day. Its upside potential is -6% based on brokerage analysts' average target price of $9 on the stock. It is rated positively by 0% of the 6 analyst(s) covering it. Its long-term annual earnings growth is 16% based on analysts' average estimate. Callidus Software Inc. (NASDAQ:CALD) is today's 9th best focus stock. Its daily price change was 9.1% in the previous trading day. Its upside potential is 15% based on brokerage analysts' average target price of $6 on the stock. It is rated positively by 100% of the 3 analyst(s) covering it. Its long-term annual earnings growth is 10% based on analysts' average estimate. VistaPrint NV (NASDAQ:VPRT) is today's 10th best focus stock. Its daily price change was 8.6% in the previous trading day. Its upside potential is 16% based on brokerage analysts' average target price of $49 on the stock. It is rated positively by 50% of the 12 analyst(s) covering it. Its long-term annual earnings growth is 20% based on analysts' average estimate.

tdp2664
China Analyst
Top 10 Focus Stocks of The Day: QCOR, GNMK, PWAV, EL, STMP, MXIM, STRA, SCR, CALD, VPRT (Oct 31, 2010)



Weekly News Roundup: Safeway (NYSE:SWY)

Here’s a run-down of Safeway (NYSE:SWY) news briefs from last week. Safeway (NYSE:SWY) stocks ended the week at 22.9 (as of 10/29/2010). Weekly News Roundup: Safeway (NYSE:SWY) Tuesday 26 October Safeway (NYSE:SWY) quarterly figures are down slightly. Safeway (NYSE:SWY) quarter figures have been downgraded slightly in the third quarter of 2010 compared to the third quarter of 2009. The company's net income was $122.8 million for the third quarter of 2010 compared to $128.8 million for the third quarter of 2009. Safeway Inc. is one of the largest food and drug retailers in North America based on sales. The company operates 1,702 stores in the US and Canada. Steve Burd, chairman, president and CEO said that  "Our third quarter results were in line with our expectations. The trend in price per item improved during the quarter. We expect this trend to continue." Friday 29 October Safeway Foundation has awarded $90,000 in grants to local charities. During this award, the foundation distributed approximately $90,000 in grants to 25 local charities, which is funded through the generous contributions of Safeway employees throughout its Eastern Division. The Foundation distributes more than $200,000 annually with special emphasis on organizations in the areas of hunger relief, education, health and human services and special needs. Gregory Ten Eyck, chairman of Safeway Foundation for the Eastern Division said that "The employees of Safeway are proud to be able to support local organizations like this that touch the lives of our customers." We will be monitoring the Safeway (NYSE:SWY) share price for developments over the next few weeks.
tdp2664
E money daily



Top Losers On News (PWER, NUVA, DRC)

Power-One, Inc. (NASDAQ:PWER) fell 6.38% to $10.42 on unusual volumes after the company said it earned 40 cents a share on an adjusted basis in its third-quarter on revenue of $314 million, ahead of analysts' estimates of a profit of 23 cents a share on revenue of $264.26 million. The company sees $340-$360 of revenue in its fourth quarter, compared to analysts estimates of $300 million. The stock went up more than 129% year-to-date. NuVasive, Inc. (NASDAQ:NUVA) slumped 28.53% to $26.17. For the third quarter, the company reported net income of $8.5 million, or 21 cents a share, compared with $5.06 million, or 13 cents a share a year ago. Revenue rose 27 percent to $120.3 million. Analysts on average expect earnings of $1.53 a share on revenue of $487.5 million, according to Thomson Reuters. The company cut its full-year earnings outlook to $1.42-$1.45 from $1.50-$1.60 and revenue view to $470-$475 million from $485-$495 million. The stock went down more than 18% year-to-date. At closing market price, the market capitalization of the company stands at $1.03 billion. Dresser-Rand Group Inc. (NYSE:DRC) lost 7.29% to $34.22. The company reported third-quarter net income of $37.5 million or $0.46 per share, compared to $74.6 million or $0.91 per share in the prior year quarter. Total revenues for the quarter were $483.1 million, down 21% from $612.1 million in the previous year period. Eight Wall Street analysts expected revenues of $509.39 million. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share for the period. Analysts’ estimate typically exclude special items. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks



Stocks Going Ex Dividend the Third Week of November

dow2664

Here is our latest update on the stock trading technique called ‘Buying Dividends’. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend . This technique generally works only in bull markets. In flat or choppy markets, your have to be extremely careful. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable Excel list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date and the yield. Just in time for Halloween, The Hershey Company (HSY) market cap: $11.5B ex div date: 11/22/2010 yield: 2.5% Applied Materials, Inc. (AMAT) market cap: $15.9B ex div date: 11/22/2010 yield: 2.3% The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com. Dividend definitions: Declaration date: the day that the company declares that there is going to be an upcoming dividend. Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend. Record date : the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date. Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date. Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique. Disclosure: Author does not own any of the above at the time article was written. By Stockerblog.com

Stocks Going Ex Dividend the Third Week of November



Wall Street little changed with stimulus in focus

dow2664

Wall Street little changed with stimulus in focus Business Day – Oct 29, 2010 The Dow Jones industrial average added 8,36 points, or 0,08%, to 11 122,31. The Standard & Poor's 500 Index edged up 0,87 points, or 0,07%, at 1 184,65. The Nasdaq Composite Index gained 6,98 … Industrials close with 4-point gain – Albany Times Union Stocks close up after strong month – Worcester Telegram istockAnalyst.com

Wall Street little changed with stimulus in focus



Halloween Sales Increase on Last Minute Treats, Gifts, Costumes, Party Ideas; Halloween Holiday Success

dow2664

Happy Halloween to everyone, especially the local retailers. Halloween is sparking retail sales right now as nationwide retailers report an increase in Halloween sales this year compared to the same time last year. October was a great month for the market overall and the United States economy continues to slowly recover. An increase in sales approaching the Halloween holiday is a good sign for the upcoming months that include Thanksgiving and Christmas. Christmas is the number one sales holiday for retailers and Halloween often comes in second place. The positive numbers stemming from the Halloween sales are thought to be valid indicators that point to a lucrative holiday shopping season. The National Retail Federation predicts more than a 22% increase in sales this year for Halloween compared to last year. Spending on the part of consumers has increased and people are breaking away from the recessive tendencies and behaviors of saving instead of spending. Halloween sales from candy, decorations, gifts and costumes have played a part in increasing the earnings reports for many retailers. The analysis of sales predicts that the average consumer will spend just over $60 on costumes, candy, cards and decorations. Even pet owners are expected to get into the action as they will purchase costumes to for their pets. Internet sales for Halloween are expected to increase as well. People are starting to feel more comfortable with spending again and retailers are reporting that in general, seasonal sales are up. It has helped this year that Halloween falls on a Sunday which gives consumers an entire weekend to get into gear and buy all the relevant accessories needed to make their Halloween experience a success. Up next, increased consumer spending for November and December. Author: Genny Germano

Halloween Sales Increase on Last Minute Treats, Gifts, Costumes, Party Ideas; Halloween Holiday Success



LinkWithin

Related Posts Plugin for WordPress, Blogger...