This is not a good time to be a food company. Rising commodity costs are squeezing margins, especially when it’s hard to pass through the costs to strapped consumers. These woes are showing up on the charts, with sagging prices being seen among such names as Kellogg Company (NYSE: K ), Tyson Foods, Inc. (NYSE: TSN ), Kraft Foods Inc. (NYSE: KFT ) and SYSCO Corporation (NYSE: SYY ). Next up i s Sara Lee Corp. (NYSE: SLE ), which reports Wednesday before the open. Truth be told, the stock has done pretty well after the past few reports, including last quarter when the company missed the estimate by a lot. But the performance of its peers should be a warning that this quarter could be different. SLE’s chart is also a concern. The stock has gone nowhere for the past six months, and the $15 level sitting just above the current price has been a big problem. That’s also the sight of peak call open interest in the November series, which adds to the potential resistance. Sentiment toward SLE is mixed. Analysts are clearly the most skeptical, with just 1 of 11 rating the stock a “buy.” But the put/call ratio is trolling near an annual low and short interest is negligible. So there’s room for pessimism — and selling — to build, especially if margins show signs of tightening. Look for SLE to fall in line with its peers and sag after earnings. It may not be a sharp move, so allow plenty of time by buying the SLE Dec 15 Puts . Here’s to some sweet returns on this trade.
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Monday, November 8, 2010
Short Sara Lee for Sweet Returns
Early Market News: Northrop Grumman (NYSE:NOC), Toyota Motor Company (NYSE:TM), PepsiCo (NYSE:PEP)
Here are several more breaking news stories which could affect market stocks in trading later today. The following companies should see some movement: Northrop Grumman (NYSE:NOC), Toyota Motor Company (NYSE:TM), PepsiCo (NYSE:PEP). Here is a more detailed look at the news that will affect each company when trading continues. Northrop Grumman (NYSE:NOC) Northrop Grumman (NYSE:NOC) wireless test engineer has received the 2010 Professional Role Model award. Leony Rosa has received the award from the Society of Hispanic Professional Engineers (SHPE) for his outstanding contributions and leadership to the Hispanic community. Tom Afferton, director of New York City Programs for Northrop Grumman (NYSE:NOC) said that ”Leony’s strong character and leadership qualities in the workplace, in the community and in academic settings are fully deserving of this prestigious award.” Toyota Motor Company (NYSE:TM) Toyota Motor Corporation (NYSE:TM) has increased its full-year earnings forecast. According to the statement from Toyota Motor Corporation (NYSE:TM), the sales in Asia region and recovery in global car sales has boosted the company to revise its earnings guidance for the first half of the year. Its net income for the year-end is expected to reach 350 billion yen when comparing with an earlier estimate of 340 billion yen. Moreover, the company has planned to sell new low cost car models in emerging markets and has decided to raise the price for some of its other models. PepsiCo (NYSE:PEP) PepsiCo (NYSE:PEP) PepsiCo (NYSE:PEP) has supported the students on this year's 'F1 in schools' competition in Jeddah, Saudi Arabia. Team Impact of The British International School in Jeddah, Saudi Arabia, has been sponsored by PepsiCo (NYSE:PEP) to compete with an estimated 9 million students around the world. The aim of the competition was to design a Formula 1 car miniature, which can travel a 20 meter track in just one second. Ibrahim Binaquil, GCCI Marketing and PR Manager, PepsiCo (NYSE:PEP) said," PepsiCo (NYSE:PEP) is committed to giving back to the community, and supporting educational programs is key to this. The 'F 1 in schools' is great to support as it offers a platform for the students to develop and learn." We could possibly see more movement when trading continues for Northrop Grumman (NYSE:NOC), Toyota Motor Company (NYSE:TM) and PepsiCo (NYSE:PEP).
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E money daily
Top 10 U.S.-Listed Chinese Stocks with Most Analyst Upgrades: BIDU, LDK, CTRP, STP, HOLI, AMCN, MPEL, EDU, HTHT, CRTP (Nov 08, 2010)
Below are the top 10 U.S.-listed Chinese stocks with most analyst upgrades in the past four weeks, UPDATED TODAY before 4:30 AM ET. Sentiment on these stocks is turning more positive.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 1st most analyst upgrades in the past four weeks. It was upgraded by 3 brokerage analyst(s) in this period. The stock is rated positively by 18 of the 25 analysts covering it. LDK Solar Co., Ltd. (NYSE:LDK) has the 2nd most analyst upgrades in the past four weeks. It was upgraded by 2 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 18 analysts covering it. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) has the 3rd most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 13 of the 20 analysts covering it. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 4th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 10 of the 41 analysts covering it. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has the 5th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 6 analysts covering it.
AirMedia Group Inc. (ADR) (NASDAQ:AMCN) has the 6th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 11 analysts covering it. Melco Crown Entertainment Ltd (NASDAQ:MPEL) has the 7th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 15 analysts covering it. New Oriental Education & Tech. Group Inc (NYSE:EDU) has the 8th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 5 of the 15 analysts covering it. China Lodging Group, Ltd (NASDAQ:HTHT) has the 9th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 4 of the 5 analysts covering it. China Ritar Power Corp. (NASDAQ:CRTP) has the 10th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 3 of the 3 analysts covering it.
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China Analyst
Top 10 U.S.-Listed Chinese Stocks with Most Analyst Upgrades: BIDU, LDK, CTRP, STP, HOLI, AMCN, MPEL, EDU, HTHT, CRTP (Nov 08, 2010)
Today’s Crude Oil Price Per Barrel Moving Higher; Current Gas Price Per gallon may Move Higher; Commodity Notes November 8th, 2010
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Oil price per barrel is moving trending up. Oil prices are trending upward as commodity values have been bubbling over. Last week, the Fed’s released their policy statement relative to quantitative easing. As such, the Federal Reserve has decided to initiate a new $600 billion program to aid the economy. The Federal Reserve plans to buy $600 billion worth of government bonds in an effort to decrease interest rates, make loans cheaper and ultimately stimulate spending across the American economic landscape. The expectation is that, due to the Federal Reserve's move to initiate further quantitative easing, interest rates will remain low for the long term and spending will increase. Federal Reserve Chairman is having to defend this plan however. Critics of the plan feel that the large amount of the greenback that is being injected into the economy could prompt inflation or bubble pricing of bonds and commodities. Crude oil is trading around $87 a barrel and unfortunately, gas prices often edge higher as the price of crude goes up. It is a parallel relationship. Gas prices have been high before however, much higher than they are currently and not too long ago. Consumer spending will remain stable relative to gas consumption until the price of cude oil goes up over $100 dollars per barrel. Author: Stephen Johnson
TAO Minerals Ltd. (TAON) Is Going Crazy
Shares of TAO Minerals Ltd. (PINK:TAON) are having solid gains in today's session so far as the stock has rallied 211% to $0.218 on huge volume of 43.50 million shares – over 20X its average volume after reporting a corporate update last Thursday and being positively mentioned in a popular investment newsletter over the weekend. n a technical chart, the stock has crossed 50-Day Moving Average and 200-Day Moving Average of $0.008 and $0.01 respectively. The company had total outstanding shares of 76.92 million shares, of which 59.97 million shares are 87.02 million shares are floating. Tao Minerals Ltd. is an exploration-stage company. The Company is engaged in mineral resource business. This business generally consists of three stages: exploration, development and production. 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.
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Epic Stock Picks
Tech. Stocks Hits Year High (SOLR, PCS, ALTR, VSH)
GT Solar International, Inc. (NASDAQ:SOLR) made an all time high at $10.00. The stock is up 6.45% to $9.41 over a volume of 9.29 million shares. The stock has surged 14.22% in one week trade and soared 69.06% in this year. Today it announced that it has entered into a definitive agreement to repurchase shares of common stock from GT Solar Holdings, LLC. Under the terms of this agreement, GT Solar has agreed to purchase 26.5 million shares of its common stock at a price of approximately $7.66 per share for a total purchase price of approximately $203 million. MetroPCS Communications, Inc. (NYSE:PCS) hits a new 52 week high at $12.31 and now up 4.61% to $12.26 after it was upgraded by Wells Fargo from Market Perform to Outperform. The price range was increased on the stock from $12.00-$12.50 to $14-$15. So far in this year, the stock has jumped over 60.68% and has recovered over 122.46% from its 52-week low. Altera Corporation (NASDAQ:ALTR) added 1.64% to $33.75 and created a new 52-week high of $8.15. So far this year, the stock has jumped over 49.03% and has recovered over 72.73% from its 52-week low. Altera Corporation (Altera) is a semiconductor company. The Company designs, manufactures and markets programmable logic devices (PLDs), HardCopy application-specific integrated circuits (ASICs), pre-defined design building blocks, known as intellectual property (IP) cores, and associated development tools. Vishay Intertechnology (NYSE:VSH) went up over 1.81% to $14.09 and made a new 52-week high of $14.40. Today announced that its SiR880DP 80-V ThunderFET(R) power MOSFET was chosen as a winner in Electronic Products China magazine’s eighth annual Top-10 DC/DC Power Product Awards.
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Newsworthy Stocks
Asian Shares Mostly Lower; Property Plays Hurt HK, China
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Asian Shares Mostly Lower; Property Plays Hurt HK, China Wall Street Journal – 3 hours ago By Shri Navaratnam and Puja Rajeev SINGAPORE (Dow Jones)–Asian share markets were mostly down Tuesday, with property companies weighing on Hong Kong and China markets while losses in Woodside …
Asian Shares Mostly Lower; Property Plays Hurt HK, China
Gold, Central Planning & QEII
Absurdities. Monstrosities. Imbecilities. Coming soon…to your neighborhood…
SO WAS THE FEDERAL RESERVE’S action already fully priced in the marketplace? asks Bill Bonner in his Daily Reckoning.
Had investors anticipated the Fed’s latest move and already bid up stocks and gold?
No!
The New York Times explains more of the Feds’ action:
“The [Fed's] action was the second time in a year that the Fed had ventured into new territory as it struggles to push down long-term interest rates to encourage borrowing and economic growth. In a statement, the Fed said it was acting because the recovery was ‘disappointingly slow’, and it left the door open to even more purchases of government securities next year.
“The Fed is an independent body, its policy decisions separated from the political pressures of the day. But it acted with a clear understanding that the United States, like many other Western countries, seems to have taken off the table many of the options governments traditionally use to give their economies a kick, particularly deficit spending.
“The Republicans regained control of the House for the first time in four years in part by attacking the stimulus plan – begun by the Bush administration and accelerated by President Obama – as a symbol of government spinning out of control, contributing to a dangerously escalating national debt.
“This political reality has left Washington increasingly reliant on the Fed to take action, though its chairman, Ben S. Bernanke, has said the Fed cannot fix the problem alone.
“Ordinarily the Fed’s main tool for spurring economic growth is to lower short-term interest rates. But those rates are already near zero. With no more room to go, it has to find another route to stimulate demand.
“While the Fed step was telegraphed to the markets in recent weeks, most experts had expected $300 billion to $500 billion in purchases of Treasury debt. Still, the pace – $75 billion a month for eight months – disappointed some investors…In total, the Fed will buy $850 billion to $900 billion, just about doubling the amount of Treasury debt it currently holds.”
So, what did investors make of it? The Dow shot up 216 points on Thursday, after investors had time to consider what the Fed had done.
As for Gold Bullion, it gained more in a single day than the entire price in 1971. That year you could buy an ounce of gold for $41. Last Thursday, the price of an ounce GAINED $45.
Gold market investors figure they know what happens next. The Fed will pump in nearly $1 trillion more in this go-’round. If that doesn’t revive the economy and lower the unemployment rate, they’ll pump in some more. And they’ll keep pumping until they can’t go on.
When will that be? Nobody knows exactly. But if they keep this up, eventually the Dollar will collapse and gold will soar. Maybe to $3,000 an ounce. Maybe to $5,000.
The point is this: the Fed has set its course. It has no reliable maps. Its captain doesn’t know where he is going. As for the navigator, first mate and other hands, they are a bunch of misfits, malcontents, and meddlers who have given no indication that they know what they are doing. Do you think they will arrive at their destination?
We don’t. But we’re sure they’ll end up where they ought to go.
That’s the great beauty of a real economy! It rarely takes you where you want to go…especially if you’re an activist central planner or an interventionist finance minister. But no matter how much you struggle with it…no matter how badly you manipulate it…no matter how much you try to stitch it up with rules and regulations…it ALWAYS takes you where you deserve to go.
Look at what happened back in ’71. Nixon’s move to take the US entirely off the gold standard was hardly noticed. Because he announced something even stupider that day. He told the world that henceforth prices and wages would be controlled by the feds. No kidding. His wage-price controls were designed to put a brake on inflation.
Did they work? Ha…ha…do you have to ask?
If you could control inflation by executive decree…well, it would be a lot different world than the one we live in. You can’t do that. And when you try to do that, you don’t get a world of stable prices, growth and prosperity. What you get is what they got in the Soviet Union, when they controlled the price of everything. They got a lot of nothing…nothing on the shelves…and nothing worth buying.
We remember visiting Poland in 1977. It was a delightful place for a driving holiday because there were no cars on the roads. People didn’t have cars. And the trucks were usually off the roads too. They were broken down…usually alongside the road with their hoods up.
There were no hotels either. And no restaurants worthy of the name. You just had to make do.
You’d go into a shop. It was drab. Empty. There were usually two or three dozy clerks…but nothing to sell. Just a few cans. What was in the cans? It was hard to tell. But since that was all there was, you bought it and ate whatever dreadful thing was inside.
Later, in the ’80s, we took a trip to the Soviet Union. On the plane with us, on a flight from Moscow to Minsk was a woman with a toilet seat in her lap. It turned out that she had been raised in Tennessee and had a twang to her English.
“What are you doing with a toilet seat,” we wanted to know.
“Oh… I just bought it in Moscow,” she explained. “There aren’t any toilet seats for sale in Minsk.”
“But isn’t that an expensive way to get a toilet seat? I mean, this is a three-hour flight.”
“No…The flight is priced in Rubles. And the Ruble isn’t worth anything. It actually cost me more to buy the toilet seat than the roundtrip ticket.”
See what central planning produces? Absurdities. Monstrosities. Imbecilities. Coming soon…to your neighborhood.
Buy Gold and physical Silver Investment bullion at the lowest costs, and store them in the safest locations at the lowest fees anywhere by using BullionVault…
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Early Market News: Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN), Canon Inc. (NYSE:CAJ)
Here are some more breaking stock news briefs which could see some changes on the markets later. The following companies should see some movement: Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN), Canon Inc. (NYSE:CAJ). Here is a more detailed look at the news that will affect each company when trading continues. Raytheon (NYSE:RTN) Raytheon (NYSE:RTN) has acquired Trusted Computer Solutions (TCS), a leader in network security solutions. Raytheon (NYSE:RTN) has acquired Trusted Computer Solutions (TCS), and with it has expanded its cyber security portfolio, which enhance their ability to deliver turnkey cyber solutions. Trusted Computer Solutions (TCS) will be integrated into Raytheon’s Intelligence and Information Systems (IIS) and will be known as Raytheon Trusted Computer Solutions in future. It is expected that the new acquisition by Raytheon (NYSE:RTN) will help its customers to combat with the most sophisticated threats that they face. Amazon.com (NASDAQ:AMZN) Amazon.com has planned to buy e-commerce company Quidsi. Report says that Quidsi, operator of online retailers like Soap.com and Diapers.com will be acquired by Amazon.com (NASDAQ:AMZN) for about $540 million. It has been reported that Amazon.com (NASDAQ:AMZN) will pay $500 million in cash and $45 million in debt and other liabilities for Quidsi as a part of the deal. This deal is also expected to help Amazon.com (NASDAQ:AMZN) to boost their baby care products business. Canon Inc. (NYSE:CAJ) Canon Inc. (NYSE:CAJ) has planned to display its work enhancing Image FORMULA Scanning Solutions at the 2010 Association of Financial Professionals Conference. Canon Inc. (NYSE:CAJ), the US based pioneer in digital imaging, will exhibit its image FORMULA document scanning portfolio, including the new image FORMULA named DR-6030C departmental scanner. The image FORMULA DR-6030C is a different solution for distributed scanning of large numbers of documents. It will provide color and black-and-white scan speeds up to 80 pages-per-minute (ppm) I/160 images-per-minute (ipm), the Canon DR-6030C scanner can be used to scan a wide variety of document types such as thick documents driver licenses, plastic ID cards, and long documents has up to 118-inches length. This new device is small enough to fit on the desktops. Expect more movement when trading continues for Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN) and Canon Inc. (NYSE:CAJ).
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E money daily
Apple Playing Nice with Adobe and Photoshop
Here is your daily Apple Inc. (NASDAQ: AAPL ) stock news and rumors for November 8, 2010. Adobe (NASDAQ: ADBE ) has unveiled early versions of new Photoshop tools built specifically for Apple’s mobile devices like the iPad and iPhone 4. Speaking of Apple’s popular smartphone, users of last year’s iPhone 3G model will be getting a nice upgrade when the iOS 4.2 update releases later this week. Finally, Sprint (NYSE: S ) is set to market a mobile hotspot device for the iPod Touch line starting next week. Adobe Demos New Photoshop Tools for iPad: After asking users for feedback on what kind of Photoshop functionality they would like to see leveraging tablet computers like the iPad, Adobe has unveiled a selection of demos at their Adobe MAX conference. Chief technology officer Kevin Lynch unveiled a new tool for mixing paint colors on the iPad at the conference. It was also suggested that the tool could be used on either an iPad or and iPhone acting as an extension for Photoshop running on a desk or laptop computer. While they were not demoed at the event, an iPhone-based Photoshop tutorial was discussed as well as an iPad app that would function as a Photoshop companion, laying out an accessible menu of commonly used tools. Another tool for color filling images was demoed on a Samsung Galaxy tablet PC. iOS 4.2 Brings Improvements to iPhone 3G: Users who felt left out in the cold by iOS 4.1′s shaky functionality on iPhone 3Gs should be pleased to hear that AAPL has addressed problems with the operating system on legacy hardware. According to blog TiPb performance issues with iOS 4.1 have been fixed on the older phone. While still not as fast as an iPhone 4, scrolling and typing on the iPhone 3G screen is smoother when running iOS 4.2, as are pinching and zooming the screen. The improved stability on the device was demonstrated in a video made by a developer using one of the iOS 4.2 gold master discs sent out by AAPL at the end of October. The software update is expected to release to the public this week. Sprint Offers ZTE Peel 3G Mobile Hotspot for iPod Touch Next Week: A leaked internal document posted by Boy Genius Report reveals that Sprint Nextel is going to release a mobile WiFi case for Apple’s iPod Touch on November 14 th . The ZTE Peel 3G will give owners of the new iPod Touch line of media players access to Sprint’s 3G network and can share its WiFi connection with two other devices. The mobile hotspot itself will retail for $79.99 and its attendant data plan will cost $29.99 per month for 1GB of data. The ZTE Peel 3G is also compatible with the second generation iPhone as well as the iPhone 3 and 3G but not the iPhone 4, somewhat limiting Sprint’s potential audience for the device. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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Top Communication Equipment Stocks Movers (ALU, MOT, JDSU, NOK)
Alcatel-Lucent (ADR) (NYSE:ALU) slid 2.74% to $3.19 on a volume of 14.23 million shares after today it was downgraded by Bernstein from “market perform” to “underperform.” Over the past 52-weeks, the stock traded within the range of $2.25-$4.00. The stock has decreased 8.27% in the last one week trade and plunged 3.92% in this year. Motorola, Inc. (Public, NYSE:MOT) fell 0.98% to $8.12 over a volume of 11.76 million shares. The company announced that DROID PRO, the first Android based smartphone optimized for business use, will be available as a pre-sale order at select Verizon Wireless Communications Stores and online at www.verizonwireless.com starting November 9, 2010 and for purchase in stores starting November 18, 2010. The DROID PRO will be available for $179.99 after a $100 mail in rebate with a new two-year customer agreement. JDS Uniphase Corporation (NASDAQ:JDSU) surged 4.89% to $11.96 on an unusual volume of 11.27 million shares. Over the weekend, a Barron’s article said the company appears “well-positioned to benefit from the growing thirst for Web-video access.” Over the past 52-weeks, the stock has been trading within the range of $6.26-$13.95. Nokia Corporation (ADR) (NYSE:NOK) went down 1.30% to $10.63 on a volume of 10.06 million shares after WestLB downgraded the stock from Neutral to Sell. Nokia Corporation (Nokia) is engaged in the manufacturing of mobile devices and in converging Internet and communications industries. Over the past 52-weeks, the stock has been trading within the range of $8.00-$15.89.
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Newsworthy Stocks
Stocks In News (ASH, Google Inc., AMZN)
Ashland Inc. (NYSE:ASH) soared 10.35% to $56.21. The company announced it has signed a definitive agreement to sell its global distribution business, known for many years as Ashland Distribution, to TPG Capital for $930 million. The transaction is expected to close prior to the end of the March quarter. Bank of America Merrill Lynch acted as financial advisor to Ashland. The stock went up more than 41% year-to-date. Google Inc. (NASDAQ:GOOG) added 0.66% to $629.18. Neeedham & Company maintained a ‘Buy’ on Google, Inc. with a price target of $700. Google Inc. maintains an index of Websites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. The 52-week range of the stock is $433.63-$629.92. Amazon.com, Inc. (NASDAQ:AMZN) went up 1.15% to $172.73. The company said Monday that it will buy Quidsi Inc., the parent company of Diapers.com and Soap.com. The company will pay $500 million in cash and assume another $45 million in debt and other obligations to acquire the outstanding shares of the New Jersey-based online retailer. The deal is expected to close next month. Over the past six months of trading sessions, the stock went up more than 38% and is up more than 28% year-to-date. 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.
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TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES November 8th, 2010 Mid Day
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Stocks closed Friday with all three major indexes at fresh two year highs. The increased activity was primarily fueled by the Feds report to invest $600 billion in bond purchases as well as the results of the mid term elections. Although increases were reported across the board on Friday, the market is mixed approaching mid day on Monday. There are no major reports expected on the economic calendar today, and with little news anticipated, investors have turned their focus to the global market. On Thursday, President Obama and other world leaders will meet in South Korea for a two day G-20 summit. The group is expected to discuss currency tensions recently reported in the global economy. At mid day the market indices have all dropped into the red. Nasdaq is down 6.04 points to 2,572.94. DJIA is down 69.44 points to 11,374.64. S&P 500 is down 7.62 points to 1,218.23. The dollar is up 0.0067 to the Euro at $1.39. Oil is down 0.73 to $86.12 a barrel. Gold has surged reaching another record high at $1,400 an ounce. Strong sectors include education services; specialty consumer services. Weak sector include: diversified banks; insurance brokers; home improvement retailers; aluminum; food distributors; forest products; apparel retailers. Author: Pamela Frost
Top Yielding India Stocks
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With President Obama’s visit to India, and his backing of India for a permanent seat on the U.N. Security Council, investors’ eyes are turning towards investment opportunities in India, one of the BRIC countries [Brazil, Russia, India and China]. To offset some of the risk, dividends are available on more than half a dozen of the Indian stocks that trade in the United States, according to WallStreetNewsNetwork.com. Remember, dividends return your capital faster and can help to reduce volatility. Tata Motors Ltd. (TTM), a major automobile manufacturer in India also makes and markets utility vehicles, trucks, buses, and defense vehicles. It produces gasoline, electric and hybrid vehicles. The stock pays a yield of 1% and trades at only ten times forward earnings. Quarterly revenues grew 65% for the quarter ending June 30. The company also has about three and a half dollars per share in cash. Another Indian stock that pays a dividend is ICICI Bank Ltd. (IBN), the second largest bank in India and the largest private sector bank in India based on market capitalization. It currently yields 0.9% and has a forward price to earnings ratio of 20. Quarterly earnings jumped 79% on a revenue gain of 13.5% for the quarter ending March 31. Wipro Ltd. (WIT) is a semi-conglomerate, which sells software services, computer hardware such as computers, servers, and laptops, and personal care products, and lighting products. It has also invested in renewable energy projects. The stock has a yield of 0.8% and a forward PE of 29. To access a free list of the India stocks that trade in the United States , about half of which pay dividends, go to WallStreetNewsNetwork.com. Disclosure: Author didn’t own any of the above at the time the article was written. By Stockerblog.com Picture courtesy of David Castor.
Markets mixed Monday
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Markets mixed Monday UPI.com – 3 hours ago NW YORK, NY, Nov. 8 (UPI) — The Dow Jones industrial average shifted lower Monday with investors focused on tensions over currency rate exchanges and trade. US President Barack Obama, in India on … Markets mixed in early trading – PoliJAM Dow Jones Industrial Average Fell in Monday Morning Action – ThirdAge
Analyst Actions on Chinese Stocks: ADY, CAGC, CCSC, CISG, HMIN, HOGS, HTHT, JADE ... (Nov 8, 2010)
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Rodman & Renshaw maintained Market Outperform rating and $14 price target on American Dairy, Inc. (NYSE:ADY). Global Hunter Securities maintained Buy rating and $20 price target on China Agritech Inc. (NASDAQ:CAGC). Bank of America initiated coverage of Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) with Neutral rating and $31.8 price objective. Piper Jaffray initiated coverage of Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) with Neutral rating and $27 price target. Cowen and Company initiated coverage of Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) with Neutral rating. Morgan Stanley maintained Overweight rating and $36 price target on CNinsure Inc. (NASDAQ:CISG). Brean Murray reiterated Buy rating and $34 price target on CNinsure Inc. (NASDAQ:CISG). Oppenheimer & Co. maintained Outperform rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and raised price target from $46 to $50. Roth Capital Partners, Inc. maintained Buy rating and $18 price target on Zhongpin Inc. (NASDAQ:HOGS). Oppenheimer & Co. maintained Outperform rating on China Lodging Group, Ltd (NASDAQ:HTHT), and raised price target from $20 to $23.5. Roth Capital Partners reiterated Buy rating and $7 price target on LJ International, Inc. (NASDAQ:JADE). Cowen and Company reiterated Outperform rating on China Kanghui Holdings (NYSE:KH). Oppenheimer & Co. maintained Perform rating on Mindray Medical International Limited (NYSE:MR). Goldman Sachs maintained Neutral rating and $83 price target on China Petroleum & Chemical Corp. (NYSE:SNP). CLSA downgraded from Outperform to Underperform, and raised price target from HK$7.10 to HK$7.50 on the company's Hong Kong-listed shares. Nomura maintained Buy rating on ReneSola Ltd. (NYSE:SOL), and raised price target from 250p to 480p on the company's U.K.-listed shares. Oppenheimer & Co. maintained Outperform rating on 7 Days Group Holdings Limited (NYSE:SVN), and raised price target from $17 to $19.5.
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China Analyst
Analyst Actions on Chinese Stocks: ADY, CAGC, CCSC, CISG, HMIN, HOGS, HTHT, JADE … (Nov 8, 2010)
Randgold Resources - Tongon mine pours first gold
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Randgold Resources – Tongon mine pours first gold MarketWatch – 5 hours ago JERSEY, CHANNEL ISLANDS, Nov 08, 2010 (MARKETWIRE via COMTEX) — RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol … UPDATE 1-Randgold pours first gold from Tongon mine – Reuters Randgold Resources: New Tongon Mine Pours First Gold – Benzinga Stock Market Wire – Creamer Media’s Mining Weekly
Early Market News: GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD), HSBC Holdings plc (LON:HSBA)
Here is another collection of breaking news stories which may affect companies as trading continues later. The following listed companies should see some movement: GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD), HSBC Holdings plc (LON:HSBA). Here is a more detailed look at the news that will affect each company when trading continues. GlaxoSmithKline plc (LON:GSK) GlaxoSmithKline plc (LON:GSK) has agreed to pay a large penalty in the US fpr selling faulty drugs. Health and Human services' Attorneys said in a statement that the pharmaceutical giant has agreed to make the payment as a penalty for selling faulty drugs to Medicare and Medicaid. The decision is considered to be a part of the Federal government's attempts to combat illegal drug sales. The payment to be made by GlaxoSmithKline plc (LON:GSK) will be distributed among the federal government, some states and a whistle-blower who was a former employee at the company. Vodafone Group plc (LON:VOD) Mobile data use will be given more importance by Vodafone Group plc (LON:VOD) in future. Vittorio Colao, the Chief Executive offer at Vodafone Group plc (LON:VOD), has announced that the company will now be focusing on mobile data use, as voice margins have been declining over recent time. It is expected that the CEO will be presenting the reviewed strategy tomorrow, along with future goals. Will Draper, an analyst at Execution Noble in London, said that "Colao will say this is a bigger opportunity than we thought initially and will stress Vodafone's ability to capitalise on that. It's more sharpening up the message and talking up the opportunity." HSBC Holdings plc (LON:HSBA) HSBC Holdings plc (LON:HSBA) may be looking to cut its mortgage rates, according to reports. Citing some unidentified resources, the newspaper said that HSBC Holdings plc (LON:HSBA) in Hong Kong is planning to cut down the loan amount required for the lower mortgage rate to HK$1 Million from HK$2 Million. The newspaper also reported that the newest strategy is an attempt to regain market share, for the banking giant's mortgage applications had fallen 20 percent in September. We could see more movement when trading continues for GlaxoSmithKline plc (LON:GSK), Vodafone Group plc (LON:VOD) and HSBC Holdings plc (LON:HSBA).
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Top 10 Best-Rated Solar Stocks: RSOL, TSL, SOL, SOLR, JKS, JASO, FSLR, SOLF, YGE, CSUN (Nov 08, 2010)
Below are the top 10 best-rated Solar stocks, UPDATED TODAY before 4:30 AM ET, based on the number of positive ratings by brokerage analysts. Seven Chinese companies (TSL, SOL, JKS, JASO, SOLF, YGE, CSUN) are on the list.
Real Goods Solar, Inc. (NASDAQ:RSOL) is the 1st best-rated stock in this segment of the market. It is rated positively by 100% of the 4 brokerage analysts covering it. Trina Solar Limited (ADR) (NYSE:TSL) is the 2nd best-rated stock in this segment of the market. It is rated positively by 89% of the 27 brokerage analysts covering it. ReneSola Ltd. (ADR) (NYSE:SOL) is the 3rd best-rated stock in this segment of the market. It is rated positively by 88% of the 8 brokerage analysts covering it. GT Solar International, Inc. (NASDAQ:SOLR) is the 4th best-rated stock in this segment of the market. It is rated positively by 85% of the 13 brokerage analysts covering it. JinkoSolar Holding Co., Ltd. (NYSE:JKS) is the 5th best-rated stock in this segment of the market. It is rated positively by 75% of the 4 brokerage analysts covering it.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the 6th best-rated stock in this segment of the market. It is rated positively by 65% of the 23 brokerage analysts covering it. First Solar, Inc. (NASDAQ:FSLR) is the 7th best-rated stock in this segment of the market. It is rated positively by 57% of the 47 brokerage analysts covering it. Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) is the 8th best-rated stock in this segment of the market. It is rated positively by 54% of the 13 brokerage analysts covering it. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 9th best-rated stock in this segment of the market. It is rated positively by 48% of the 27 brokerage analysts covering it. China Sunergy Co., Ltd. (ADR) (NASDAQ:CSUN) is the 10th best-rated stock in this segment of the market. It is rated positively by 40% of the 5 brokerage analysts covering it.
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China Analyst
Top 10 Best-Rated Solar Stocks: RSOL, TSL, SOL, SOLR, JKS, JASO, FSLR, SOLF, YGE, CSUN (Nov 08, 2010)
BRIEF-Randgold Resources' Tongon mine pours first gold
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BRIEF-Randgold Resources' Tongon mine pours first gold London South East – 52 minutes ago The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Datafeed …
Are emerging markets in a bubble, or just simmering?
That has been the topic of a lot of media discussion lately. And it’s been a topic for my subscribers since we put a lot of money to work in the developing world in early July. To learn what the smart money is thinking, take a listen in via this excerpt from a good Bloomberg article published in the past week. Its angle was that two of the biggest bears on the 1990s dot-com era are two of the biggest bulls on emerging markets: “Barton Biggs warned of a US stock-market bubble as early as January 1997 and stayed bearish for most of the following three years as the Standard & Poor’s 500 Index surged more than 90% to a record. A decade later, Biggs says another bubble is beginning in emerging market shares. This time, he’s bullish. ”We’re only halfway along the way to a gigantic eventual bubble in the emerging markets,” Biggs, the managing partner of New York based hedge-fund firm Traxis Partners said. ”The emerging markets, particularly Asia, are a place where I want to have a really major representation. ”Biggs’s view is shared by Jeremy Grantham, chief strategist at Grantham Mayo Van Otterloo [who was also a bear on tech stocks in the late 1990s]. He wrote October 26 that his forecast for an ”emerging emerging bubble” was in ”splendid shape” after the MSCI Emerging Markets Index soared 146%in the past two years. ”While the 49% plunge in the S&P 500 from March 2000 to October 2002 proved Biggs, 77, and Grantham, 72, were right to warn of overvalued U.S. shares, their strategy now in emerging markets shows investors are increasingly seeking to profit from bubbles as the Federal Reserve increases its unprecedented monetary stimulus. ”Everyone and his dog are now overweight emerging equities, and most stated intentions are to go higher and higher,” Grantham, who helps oversee about $104 billion, wrote in a letter to clients. Developing nations’ faster expansion ”will give a powerful impression of greater value,” he said…. ”Grantham said that developing-nation shares will command premium price-earnings ratios in the next few years because of faster economic growth and lower debt levels. He recommended a ‘moderately overweight’ position in emerging-market equities…. ”Stocks in the biggest developing nations may double as the Fed’s stimulus sends valuations back to their 2008 peak, Dylan Grice, a global strategist at Societe Generale, wrote in a research report this week. He said call options on emerging-market equities may be the cheapest way to profit.” Here’s how I feel about it: We have done well with our emerging market positions this year. I am on high alert for potential danger, but so far the advances are supported by fundamental growth and values are in no way stretched. Remember that many Southeast Asian markets have not yet even returned to their “Asian contagion” mid-1990s levels yet, as shown above. They’re much more like the U.S. in the early 1980s than the U.S. of 1999. Keep holding. For more insights like this, check out Jon’s daily advisory services Traders Advantage or Strategic Advantage.
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InvestorPlace
Yahoo stock gains with its announcement of marketing Strategies
Yahoo! Inc. (NASDAQ: YHOO) shares are currently trading at $16.37, a gain of 0.65% from previous closing price of $16.26. The company's shares have 52-week trading range of $19.12 – $12.94. The stock is trading at volume of 617,465 shares. The market capitalization of the company is $22.07 billion. The daily average volume of stock is 25.79 million. The 1-year target estimate is $18.00. Yesterday, the company announced its ultimate gift challenge, a sweepstakes in which Yahoo users can vote for their favorite gifts and select the top holiday gift for 2010. This is a six-week shopping tournament, with every vote the customer will enter to win the grand prize drawing of $10,000 at the end of the sweepstakes. The company also launched weekend edition on Yahoo news in association with Buick. The new weekend program offers compelling original video and relevant editorial content, programmed for the weekend audience. The weekend edition will help Buick reach and engage the Yahoo news audience of more than 90 million monthly visitors by integrating the Buick brand in a premium-content environment. Recently, the company also announced the appointment of Ross Levinsohn as Executive Vice President of the Americas region. He will be responsible for the company’s media group, advertising sales, and partnerships for the Americas region. Yahoo is an online media company and operates through its subsidiaries. The company attracts users every month through its technology and engaging content and services. 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.
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Epic Stock Picks
TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, Future NOTES Overview November 8th, 2010
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Last week, stocks market action and index line trends ended on an upswing. More specifically, the Dow and S&P 500 saw their biggest weekly advances in over two months. Trading optimism took hold Friday after the Bureau of Labor reported that the number of non-farm jobs rose by 151,000, but the number of people filing for unemployment remained unchanged at 14.8 million. The positive news here is that the economy did generate a net gain in jobs for the first time since May of 2010. Positive momentum and trending is expected to carry over into today’s trading session and for this trading week overall. The Mid-term election results put a Republican contingent in power. The Fed’s are pumping greenbacks into the economy and the job market looks to improve during the holiday season. There should not be any significant news this week to sink the boat of optimism. Later this week on Tuesday, the Commerce Department releases the wholesales inventory report and this is expected to be positive. The Department of Labor will release the weekly jobless claims report on Wednesday of this week. The number of Americans filing for new claims is expected to fall and thus this report should be a continuation of the positive postings. Several earning reports of significance post on Wednesday and reports on imports and export prices will post this day. Thursday will bring discussion relevant to the two-day summit in Seoul where world leaders, including President Obama, will gather to discuss currency rates and relevant economic data. Thursday is also Veteran’s Day and although the markets remain open, some American banks and all government offices will be closed. Ending the week will be the University of Michigan’s consumer sentiment report. This report is expected to have risen compared to the previous months data. News relevant to the stock market appears to be good. However, stock futures for today before opening bell for November 8th, 2010 are in the red. World markets are currently mixed with Asian green and European red. The Federal Reserve released a statement saying that “the pace of recovery in output and employment continues to be slow.” The Feds made the move to buy up bonds to lower interest rates and thus entice the public to spend, borrow and pay on mortgages and other loans. We’ll see if the the Fed’s “Premack Principle” strategy works the way it is expected. If it does, the economy should be on its way forward. Author: Frank Matto
Early Market News: British Airways plc (LON:BAY), BP plc (LON:BP), Royal Bank of Scotland Group plc (LON:RBS)
Here are some more breaking stock news briefs which could see some changes on the markets later. The following companies should see some movement: British Airways plc (LON:BAY), BP plc (LON:BP), Royal Bank of Scotland Group plc (LON:RBS). Here is a more detailed look at the news that will affect each company when trading continues. British Airways plc (LON:BAY) British Airways plc (LON:BAY) has unveiled its First Suite at the British Embassy in Kuwait. The newly designed cabin reflects British Airways' (LON:BAY) continued innovation and their right combination of luxury, privacy and style. Paolo De Renzis, British Airway’s Regional Commercial Manager of the Middle East said, ”We are very pleased with our customers’ response to the new product and look forward to allowing them to experience it firsthand in Kuwait.” He has also mentioned that this investment will help ensure the airline’s long term growth. BP plc (LON:BP) BP plc (LON:BP) has obtained an exploration deal with China National Offshore Oil Corp (CNOOC). Sky News reported Saturday that U.K. Prime Minister David Cameron will announce this deal by this week. Regarding this, BP plc (LON:BP) announced last week that it received approval from the Chinese government to purchase an interest in Block 42/05 in the South China Sea. CNOOC previously estimated that the South China Sea area holds the equivalent of 22 billion barrels of oil. Royal Bank of Scotland Group plc (LON:RBS) Royal Bank of Scotland Group plc (LON:RBS) has argued to change Basel III Capital Rules. The Financial Times reported that, with other banks, Royal Bank of Scotland Group plc (LON:RBS) efforts to persuade regulators to rethink Basel III capital rules were continuing. Stephen Hester, chief executive officer of Royal Bank of Scotland Group plc (LON:RBS) lobbied for a changed approach to the trade finance. We could possibly see more movement when trading continues for British Airways plc (LON:BAY), BP plc (LON:BP) and Royal Bank of Scotland Group plc (LON:RBS).
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US Stock Futures Retreat Amid Profit Taking
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US Stock Futures Retreat Amid Profit Taking Schaeffers Research – 8 minutes ago Good morning! The Dow Jones Industrial Average (DJIA) is headed for an opening loss of about 40 points, while the S&P 500 Index (SPX) is trading roughly 3.45 points below fair value. Futures are …
US Stock Futures Retreat Amid Profit Taking
SLV – A Silver Lining to Inflation
iShares Silver Trust (NYSE: SLV ) — The objective of this exchange-traded fund (ETF) is to reflect the price of silver owned by the trust less the trust’s expenses and liabilities. This investment is intended to be a simple, cost-effective substitute to owning physical silver bullion. The trust has had straight-line appreciation since September 2010, so buyers should use caution at current levels. But if silver bullion continues to rise and inflation rears its head, SLV could see much higher prices. Buying a half position now and a full position later might prove to be a wise investment. If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .
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InvestorPlace
Daily News and Research on Chinese Stocks (Nov 7, 2010)
Below is today's Daily News and Research on U.S.-Listed Chinese Stocks:
AOB HMIN: The Fool Looks Ahead – at Motley Fool (Sat, Nov 6)
ASIA: AsiaInfo-Linkage CEO Discusses Q3 2010 Results – Earnings Call Transcript – at Seeking Alpha (Sat, Nov 6)
BIDU: Buzz on the Street: FOMC Announces $600 Billion for QE2 – at Minyanville (Fri, Nov 5)
CAAS CHBT: [$$] The Week Ahead: Earnings Remain the Focus – at TheStreet.com (Sun 9:00AM EST)
CAAS NTES SINA SOHU: [video] Stock Market Game Picks: China Watch Mail Bag – at TheStreet.com (Sat, Nov 6)
CAGC: China Agritech, Inc. to Report Third Quarter Financial Results on November 10, 2010 – PR Newswire (Fri, Nov 5)
CCIH: Fresh Market Shares Rally as U.S. Initial Public Offerings Extend Rebound – at Bloomberg (Sat, Nov 6)
CCIH: Fresh Market Rallies 59% After $290 Million IPO – at Bloomberg (Fri, Nov 5)
CCM CMED KH MR: 4 Chinese Healthcare Stocks to Consider – at Seeking Alpha (Sat, Nov 6)
CISG: 20 Underachievers That Could See Short-Covering – at Seeking Alpha (Sat, Nov 6)
CNYD: These Tech Stocks Will Make Me Rich – at Motley Fool (Sat, Nov 6)
CRTP: Energy Storage: Opportunities and Intellectual Short Circuits – at Seeking Alpha (Sun 2:53AM EST)
CTRP: A Fool Looks Back – at Motley Fool (Sat, Nov 6)
CTRP HMIN HTHT: Chinese Travel Stocks Suddenly Get Smacked – at Investor's Business Daily (Fri, Nov 5)
CYOU NTES PWRD: Expanding Potential in Chinese Media Stocks – at Seeking Alpha (Fri, Nov 5)
EDS: Report: HP accuser said Hurd leaked inside deal info – at bizjournals.com (Fri, Nov 5)
JASO LDK: Tax-Cut Debate, G20 Key to Coming Week – at TheStreet.com (Sat, Nov 6)
JKS LDK: U.S. Stocks End Day, Week With Gains – at Investor's Business Daily (Fri, Nov 5)
LDK: Stocks in focus: McDermott, Sysco, LDK – at MarketWatch (Fri, Nov 5)
LFT: U.S. Stocks On Pace For Strong Weekly Gains – at Investor's Business Daily (Fri, Nov 5)
NTES: Does Baidu Measure Up? – at Motley Fool (Fri, Nov 5)
SCR TCM: China Biotech Week in Review: Major Cross-Border Initiatives – at Seeking Alpha (Sun 5:40AM EST)
SOL: 5 Stocks Riding the Power of Earnings Momentum – at Seeking Alpha (Sat, Nov 6)
STP: Chinese Stocks in the U.S.: China Ritar, Huaneng Power, Suntech – at Bloomberg (Fri, Nov 5)
TSL: California Crushes Proposition 23: What It Means for America and Investors – at Seeking Alpha (Sun 7:27AM EST)
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China Analyst
Daily News and Research on Chinese Stocks (Nov 7, 2010)
Today’s Gold, Silver, Copper and Commodity Notes; Gold for December Delivery and Spot Gold Price Per Ounce on Rise November 8th 2010
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Commodities are spiking so far this month and the trending since early October has been relatively positive. The one month change for Gold is in the green by 3.4%. Silver has seen a huge spike as the one month change for this precious metal is up 14.84%. Platinum’s one month change is in the green as well by 4.43% and copper is following about the same trends by posting a one month upward change of 4.71%. Commodity futures show gold trading before opening bell for the U.S. trading session is in the green by 1.06%. The Federal Reserve’s plans to buy Treasury bonds should continue to make positive waves in the realm of precious metal commodities. The Feds made the move to buy up bonds to lower interest rates and thus entice the public to spend, borrow and pay on mortgages and other loans. The dollar should continue to struggle as devaluation is in play with the large injection of the greenback into the American economy. This should lift precious metal trading value as interest in the safe haven assets peek. Last week, gold prices came off of a fresh record and the expectation is that excess liquidity will depreciate the dollar further which is normally an inverse relative to gold and commodity values. After the Fed’s made their announcement last week, commodities have been on a tear. Spot gold and Gold for December delivery should continue the positive trending today. Record levels are expected again today. Author: Camillo Zucari
Early Market News: J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS), British Sky Broadcasting Group plc (LON:BSY)
More breaking news stories could affect stocks when trading continues later. The following companies should see some movement: J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS), British Sky Broadcasting Group plc (LON:BSY). Here is a more detailed look at the news that will affect each company when trading continues. J Sainsbury plc (LON:SBRY) Expansion is continuing for J Sainsbury plc (LON:SBRY), who have opened a new store in Sheffield. J Sainsbury plc (LON:SBRY)'s new store will offer commuters, students and local residents, freshly baked bread, fresh fruit, meat, vegetables and high quality take away meals. Mark Nicholls, the Store Manager of J Sainsbury plc (LON:SBRY)'s new store said that, "We are pleased to be the first retailer to opening in Sheffield’s newest landmark. To mark our opening and our commitment to making a difference to the community, we are proud to be able to support both Bluebell Hospice and the Sheffield's Children Hospital, who do such valuable work. In the next few weeks, our construction team will be donating GBP1,000 worth of labour to revamp a dressing room at the Montgomery Theatre.” Marks and Spencer Group Plc (LON:MKS) Reports say that Marks and Spencer Group Plc (LON:MKS) has decided to re-enter Europe. Everybody is looking at Marc Bolland, the chief executive of Marks and Spencer Group Plc (LON:MKS), who will explore the strategy presentation when the company posts its half-year results on Tuesday. Jean Roche, a Panmure's analyst said that, “We are positive on Marks and Spencer Group Plc (LON: MKS)'s strong brand, relative exposure to a more wealthy customer, its multichannel model, its growing international business and the recovery and repositioning of the food business. However, without the benefit of some insight into the all-new senior management team’s plans for the business we see no reason to make a change to our expectations at present.” British Sky Broadcasting Group plc (LON:BSY) British Sky Broadcasting Group plc (LON:BSY) has achieved its long term target of 10 million customers. According to the chief executive of British Sky Broadcasting Group plc (LON:BSY), company has reached the target of 10 million customers this month. Future targets include keeping customer attrition below 10 percent and increasing revenue per customer will be the future targets. Jeremy Darroch, CEO of British Sky Broadcasting Group plc (LON:BSY) said, "The target had been set up as a "clarion call" to the company and a "big statement of intent" and my management team is dedicated to running the business according to a well-established strategy." There will probably be more movement when trading continues for J Sainsbury plc (LON:SBRY), Marks and Spencer Group Plc (LON:MKS) and British Sky Broadcasting Group plc (LON:BSY).
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