Hecla Mining Company (NYSE:HL) added 0.22% to $8.98 on an unusual volume of 34.11 million shares compared to a daily average trading of 10.10 million shares. The stock today also touched a new 52-week high at $9.75. So far in this year the stock has surged 45.15%. The stock touched an intraday low and high of $4.27 and $9.75 respectively. Dean Foods Company (NYSE:DF) plunged 17.37% to $8.56 on over an unusual volume of 23.60 million shares after the dairy giant said Jack Callahan would step down as chief financial officer at the end of the month. The company also reported disappointing third-quarter financial results and issued a weak estimate for the fourth quarter.The stock today also touched a new 52-week low at $8.50 over the past 52-weeks. So far in this year the stock has plunged 52.55%. The stock touched an intraday low and high of $8.50 and $18.79 respectively. Silver Wheaton Corp. (USA) (NYSE:SLW) fell 2.91% to $34.05 on an unusual volume of 23.51 million shares after announced that it remains on track to meet production guidance of 23.5 million silver equivalent ounces in fiscal 2010, growing to approximately 40 million ounces by fiscal 2013. The stock today also touched a new 52-week high at $37.20. Atlas Energy, Inc. (NASDAQ:ATLS) surged 33.70% to $42.41 on an unusual volume of 22.20 million shares. Chevron Corp. and Atlas Energy, Inc. announced that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance. Under the terms of the agreement, Atlas Energy shareholders will receive $38.25 in cash for each share of Atlas Energy stock and a pro-rata distribution of over 41 million units of Atlas Pipeline Holdings, L.P., following certain restructuring transactions to be completed immediately prior to the merger closing.
tdp2664
Newsworthy Stocks
Tuesday, November 9, 2010
Late Hour Volume Buzzers (HL, DF, SLW, ATLS)
Drug Stocks In News (ANPI, SOMX, AVII)
Angiotech Pharmaceuticals, Inc. (USA) (NASDAQ:ANPI) dropped 5.53% to $0.258. The company posted a wider loss for the third quarter, hurt by a combination of lower royalty revenues and higher expenses. Net loss for the quarter widened to $18.5 million or $0.22 per share from $7.8 million or $0.09 per share in the year-ago period. Adjusted net loss amounted to $8.15 million or $0.10 per share, versus adjusted net loss of $72 thousand last year. The company’s revenue for the period dropped to $58.98 million from $63.24 million for the comparable period last year Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) surged 1.51% to $3.36. The company announced financial results for the third quarter ended September 30, 2010. For the third quarter of 2010, the net loss was $12.9 million, or $0.37 per share, compared with a net loss of $1.8 million, or $0.08 per share, for the third quarter of 2009. At September 30, 2010, Somaxon had cash, cash equivalents and short-term investments totaling $41.5 million, compared to $5.2 million at December 31, 2009. AVI BioPharma, Inc. (NASDAQ:AVII) fell 3.61% to $1.87. Net loss of the company for the third quarter narrowed to $7.3 million or $0.07 per share from $8.1 million or $0.08 per share in the comparable quarter last year. Revenue for the quarter increased to $8.7 million from $6.4 million in the prior-year quarter, driven by a net increase in revenue from the new H1N1, Ebola and Marburg government research contracts. The stock went 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.
tdp2664
Epic Stock Picks
Analyst Actions on Chinese Stocks: ADY, ATAI, BORN, CGA, CRIC, GA, GAME, HOGS ... (Nov 9, 2010)
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Roth Capital Partners maintained Neutral rating on American Dairy, Inc. (NYSE:ADY), and raised price target from $8.5 to $12. Piper Jaffray rated ATA Inc. (NASDAQ:ATAI) Neutral, with $3 price target. Piper Jaffray reiterated Overweight rating and $22 price target on China New Borun Corp (NYSE:BORN). Roth Capital Partners maintained Neutral rating and $9 price target on China Green Agriculture, Inc (NYSE:CGA). William Blair maintained Outperform rating on China Real Estate Information Corporation (NASDAQ:CRIC). UBS maintained Buy rating and $8.2 price target on Giant Interactive Group Inc (NYSE:GA). Deutsche Bank maintained Hold rating and $5.53 price target on Shanda Games Limited (NASDAQ:GAME). Samsung Securities initiated coverage of Shanda Games Limited (NASDAQ:GAME) with Hold rating and $6.50 price target. Piper Jaffray maintained Overweight rating on Zhongpin Inc. (NASDAQ:HOGS), and raised price target from $20 to $28.60. Global Hunter Securities downgraded Zhongpin Inc. (NASDAQ:HOGS) from Buy to Neutral. Daiwa downgraded Hollysys Automation Technologies Ltd (NASDAQ:HOLI) from Buy to Hold, and maintained $13.53 price target. Goldman Sachs reiterated Buy rating and $31 price target on China Lodging Group, Ltd (NASDAQ:HTHT). Brean Murray downgraded China Lodging Group, Ltd (NASDAQ:HTHT) from Buy to Hold. Roth Capital Partners reiterated Neutral rating on China Lodging Group, Ltd (NASDAQ:HTHT), and cut price target from $25 to $22. Morgan Stanley reiterated Overweight rating on China Kanghui Holdings (NYSE:KH), and raised price target from $15 to $22. Barclays Capital maintained Equal Weight rating on LDK Solar Co., Ltd. (NYSE:LDK), and raised price target from $11 to $12. UBS reiterated Buy rating on LDK Solar Co., Ltd. (NYSE:LDK), and maintained $15 price target. HSBC reiterated Underweight rating on LDK Solar Co., Ltd. (NYSE:LDK), and cut price target from $6.2 to $6. Morgan Stanley reiterated Overweight rating on Mindray Medical International Limited (NYSE:MR). Brean Murray maintained Hold rating on Mindray Medical International Limited (NYSE:MR). Credit Suisse initiated coverage of China Ming Yang Wind Power Group Ltd (NYSE:MY) with Outperform rating and $16.1 price target. UBS maintained Buy rating on NetEase.com, Inc. (NASDAQ:NTES), and raised price target from $44 to $48. Auriga USA maintained Hold rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and raised price target from $22 to $28. Roth Capital Partners downgraded ShengdaTech, Inc. (NASDAQ:SDTH) from Buy to Neutral, and reduced price target from $8 to $6.50. Global Hunter Securities maintained Buy rating and $8.50 price target on ShengdaTech, Inc. (NASDAQ:SDTH). UBS reiterated Buy rating on Shanda Interactive Entertainment Ltd (NASDAQ:SNDA), and raised price target from $48 to $51.5. SWS maintained Outperform rating and HK$9 price target on the Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). UBS downgraded Sohu.com Inc. (NASDAQ:SOHU) from Buy to Neutral, and raised price target from $61 to $78. Auriga USA maintained Hold rating on Spreadtrum Communications, Inc. (NASDAQ:SPRD), and raised price target from $13.50 to $15. Roth Capital Partners maintained Buy rating on Yuhe International, Inc (NASDAQ:YUII), and raised price target from $13 to $16.
tdp2664
China Analyst
Analyst Actions on Chinese Stocks: ADY, ATAI, BORN, CGA, CRIC, GA, GAME, HOGS … (Nov 9, 2010)
Gold Reversal Day Or One Day Shake Out? (NYSE:GLD) (NYSE:SLV) (NYSE:AUY) (NASDAQ:GOLD)
gol2664
Gold Reversal Day Or One Day Shake Out? (NYSE:GLD) (NYSE:SLV) (NYSE:AUY) (NASDAQ:GOLD) Inthemoneystocks.com – 4 hours ago By Nicholas Santiago on November 9th, 2010 3:35pm Eastern Time In the past I have called gold the Federal Reserve Bank's worst nightmare. Remember ever since 2005 the Federal Reserve no longer …
Strange Missile of the Coast of Los Angeles
dow2664
A strange missile was seen off the coast of Los Angeles, just north of Catalina Island. There has been no comment from the Navy, and the other armed forces have refused to commend. Former Deputy Secretary of Defense Robert Ellsworth speculated that it may be an intercontinental ballistic missile from a submarine .
Strange Missile of the Coast of Los Angeles
BlackRock Cuts JC Penney Stake To 4.6% From 7.2%
dow2664
BlackRock Cuts JC Penney Stake To 4.6% From 7.2% RealEstateRama – 1 hour ago NEW YORK -(Dow Jones)- Blackrock Inc. (BLK) has cut its stake in JC Penney Co. (JCP) to 4.6% from 7.2%, pulling back from the retailer at the same time it has become a focus of activist investor …
BlackRock Cuts JC Penney Stake To 4.6% From 7.2%
Silver for December Delivery and Silver Price Per Ounce values reach 30-Year High Commodity Notes November 9th, 2010
dow2664
The Federal Reserve’s plan to inject ample amounts of greenback into the economy is being debated as a reason that commodity values are on a tear. Silver price per ounce went up today and many are wondering if the Feds stimulus plan is causing a bubble that might burst. Economists report that the Fed's announcement to purchase $600 billion in Treasuries, to boost the sluggish economy, will put pressure on the U.S. dollar. The Federal Reserve's plans to buy Treasury bonds should continue to make positive waves in the realm of precious metals and other commodities but is it too much all at once? 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. Gold hit record highs today and silver prices bumped up to fresh 30-year highs. Specifically, silver prices rose $1.47 an ounce to end at a 30-year high of $28.91 per ounce. The dollar recovered a bit today and gained .0084 on the euro. 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. Outcome posts will affect Commodity trending. Author: camillo Zucari
Early Market News: FedEx (NYSE:FDX), Sysco (NYSE:SYY), Allstate (NYSE:ALL)
More breaking news stories could affect stocks when trading continues later. The following stocks should see some movement: FedEx (NYSE:FDX), Sysco (NYSE:SYY), Allstate (NYSE:ALL). Here is a more detailed look at the news that will affect each company when trading continues. FedEx (NYSE:FDX) Board of FedEx Corp. (NYSE:FDX) has declared a regular quarterly cash dividend of 12 cents. The dividend is payable Dec. 17 to shareholders of record on Nov. 22. In September, FedEx indicated that strength in international shipments is driving profits. The company also announced plans to cut 1,700 jobs in an attempt to fix its money-losing U.S. trucking business. FedEx (NYSE:FDX), the world’s second-largest package delivery company did raise its financial outlook after its first-quarter net income doubled. But the projections for the second quarter and full year fell shy of Wall Street expectations. Sysco (NYSE:SYY) Sysco (NYSE:SYY) has targeted southeastern Massachusetts for warehouse site. Sysco has been considering alternative sites for its $110 million warehouse ever since Oct. 18, when voters in Lakeville killed a rezoning proposal that would have allowed construction of the building on the former Lakeville Hospital grounds. The company seeks a site with access to a north-south highway such as 495, to facilitate shipping within Massachusetts, as well as in Rhode Island and New Hampshire. Sysco Boston LLC Executive Vice President Chuck Fraser said that "We've looked in Middleboro, Brockton, Taunton, Plympton, West Bridgewater everywhere, we're still shopping. We haven't locked in anything yet." Allstate (NYSE:ALL) Allstate (NYSE:ALL) Property and Casualty Insurance Co.’s have requested a hearing on the denial of its 44 percent rate increase for Mississippi customers. Insurance Commissioner Mike Chaney has told The Sun Herald that he plans to schedule the hearing for some time in January. The Mississippi Insurance Department concluded in September the increase was unjustified, but Allstate argues it is warranted. Allstate has asked that Chaney appoint someone else because he already has stated he will not approve the increase without a court order. The company has also said that Chaney appoint someone else because he already has stated he will not approve the increase without a court order. There will probably be more movement when trading continues for FedEx (NYSE:FDX), Sysco (NYSE:SYY) and Allstate (NYSE:ALL).
tdp2664
E money daily
Latam Fever in Gold Mining
Latin America holds big promise for Gold Mining investors…
VICE PRESIDENT of Institutional Mining Sales at PI Financial, David Goguen specializes in the mining sector.
As
part of his service to Canadian and US resource-focused institutional
investors, David Goguen evaluates and screens junior gold companies by
initially dividing their enterprise values by total ounces. The result
acts as a filter that either encourages David and his team to ask more
questions about the company or to find other dance partners.
Here he speaks to The Gold Report about PI Financial’s recent institutional sales-desk report, Select Golds: Latin Focus and his methods of analysis.
The Gold Report: David, you recently published a report titled Select Golds: Latin Focus. Tell us about your report.
David Goguen: With
the Select Golds piece we’re tracking advanced explorers, emerging
producers and junior producers in Latin America as they move through the
development cycle.
One objective of our report is to look for
ounces in the ground that are being undervalued by the marketplace.
Among the junior producers, the market focuses less on enterprise value
per total ounces and more on the basis of their ability to generate cash
flow and earnings.
TGR: Can you define advanced explorer?
David Goguen:
Typically, advanced explorers have published a National Instrument
43-101 resource estimate that to some extent outlines the quantity and
quality of the resource that is under consideration in the report. They
generally have a sufficient number of drill holes into the resource that
we’re able to adequately define what it is and what its potential could
be. As these projects become better defined, they move up the curve to
become emerging producers and eventually junior producers.
TGR: How can an investor differentiate an explorer with good chances of success from an explorer that’s unlikely to succeed?
David Goguen:
There are a number of factors that define a quality project. One should
look at explorers seeking deposits in world-class districts. They
should have a strategic land position with district scale potential and
the possibility to host multiple deposits. Perhaps most important is
whether or not these newly defined resources are on productive faults
and large structures. Without these structures you’re limiting your
potential to find world-class deposits. The structures are very, very
important.
TGR: You rank all of the companies in each
category by dividing each company’s “enterprise value” by each company’s
total ounces. How do you determine enterprise value?
David Goguen: We
calculate enterprise value by taking the company’s market cap plus debt
and minority interest, less its cash and cash equivalents. Enterprise
value provides a more accurate reflection of the total value of the
company. By then dividing the enterprise value by its gold ounces we are
able to get a measure of what the market is currently paying for gold
in the ground
TGR: That’s a fairly simple calculation.
David Goguen: It
is. In situations where a company has a market cap that is
significantly comprised of cash, our method tries to take the cash out
of the equation so that we can look at what the market is currently
valuing it at for its gold ounces.
The
enterprise-value-per-ounce calculation is really a preliminary filter
that gets us to ask additional questions and conduct additional due
diligence. In the case of junior producers, it’s going to lead to
further analysis, including absolute and relative cash flow multiples
and net asset values. With emerging producers, it’s going to lead to
greater definition in the various resource categories.
TGR:
You manage to quantify quite a few things, but how do you quantify
management, exploration upside, jurisdiction and things like that?
David Goguen:
Again, this report represents a screening process that leads us to ask
additional questions and get into some of the qualitative elements.
There a long list of factors we consider in our analysis. For example,
we would evaluate the quality, diversity, geological background and
experience of the management team. We would also research their track
record in finding deposits and successfully raising equity. Of course,
we would evaluate the corporate and financial structure of the company
and where its properties are located to ascertain country and mining
development risks.
TGR: Are there factors that these companies being taken over have in common?
David Goguen:
Certainly there’s a theme within Mexico and elsewhere in Latin America
at the moment, and what’s being consolidated is the 70 to 100 thousand
ounces-per-annum (Kozpa) producer.
We’re coming out of an era
where a company that was looking to grow through acquisitions was really
not looking at companies producing less than 100 Kozpa. Now, with the
Gold Price moving from $800 to $1,300, we’re seeing that 70 to 100 Kozpa
producer generating some $40 to $60 million in operating cash flow,
depending on cash costs. These companies have now become much more
attractive to anybody looking to consolidate through acquisitions.
TGR:
From the other side, which companies are typically seeking these
takeover targets? Is it the majors? Is it mid tiers? Is it both?
David Goguen:
No, it’s the 100 to 150 Kozpa producer today that is recognizing the
challenge of discovering another 150 Kozpa ore body and seeing the
relative value in existing companies that have either just finished
building or are in the process of building a 100 Kozpa mine.
TGR:
Among these various groups – junior explorers, advanced explorers and
junior producers – which group has the greatest potential for share
price appreciation?
David Goguen: I think as a group we’ve
seen that the advanced explorers have probably the lowest valuation on a
per-ounce basis. But the continued expansion of the existing resource
by 50%, 100% or even 200% through drilling generally brings a lot of
additional value to shareholders. By expanding a resource into something
in the 1-3 Moz. range, these companies are going to become potential
acquisition targets.
A number of these companies with a dynamic
enough resource may not make it to a junior producer but may get taken
over in the advanced explorer stage.
TGR: How about some parting thoughts on this particular report and these kinds of companies?
David Goguen:
The Metals Economic Group recently published a report that said $11.5
billion will be spent on exploration in 2010 – that’s a 44% increase
from 2009. That work, coupled with the work that’s taken place since
2005 when we had a large number of junior company financings, and even
more financings in ’06 and ’07, is starting to bear fruit five years
later – after we’ve had second, third, fourth passes at understanding
these new discoveries. That money has allowed junior companies to have
their “Eureka” moments in terms of doubling and even tripling the size
of their resources through a better understanding of the geological
controls on those resources.
That’s a powerful theme that’s
taking place and that is going to feed Select Golds’ advanced explorer
category. A lot of those discoveries are happening in Latin America.
They’re happening in countries like Argentina. They’re happening in
Peru. They’re happening in Colombia. They’re happening in Ecuador.
They’re certainly happening in Mexico. Those are the areas where we’re
going to see a new breed of advanced explorers come in and continue to
populate our Select Golds list.
TGR: David, sounds like some exciting opportunities ahead. Thanks for your time.
Buying
Gold? Make it simple, secure and cost-effective…starting with this
free gram right now…only at world No.1 BullioVault…
gol2664
Economy’s Recovering, But Fed Moves Anyway
The U.S. economy is recovering slowly but surely, and third-quarter corporate earnings growth verges on the spectacular. Of the 404 S&P 500 companies reporting so far, sales are up an average 7.3% from last year, while average annual earnings are up 44.8%! Due to positive economic fundamentals and a big shift in Congress, the Dow Industrials are now at a two-year high and President Obama has said that he will work with the new Congress on extending tax breaks into 2011, giving us yet another market catalyst. All of this good news makes me wonder why the Federal Reserve insists on launching a new round of easing! In the meantime, after a superb third quarter, I feel that a select group of large-cap stocks well poised to take full advantage of what is historically one of the strongest time periods for the stock market Massive Easing via QE-2 May be Unnecessary Last Wednesday, all eyes were glued on the Fed when it announced even more quantitative easing than most analysts had anticipated. The Fed’s Federal Open Market Committee (FOMC) announced that it is planning to buy $110 billion per month of long-term Treasury bonds ($75 billion of new bonds plus $35 billion of maturing mortgage bonds) each month for the next eight months, for an $880 billion buying spree that will persist through at least the middle of 2011. The FOMC is doing this, they say, because the U.S. economy is “slow,” employers remain reluctant to hire and inflation is “somewhat low.” (I should add that Kansas City Fed President Thomas Hoenig voted against the FOMC’s easy money policies.) The rest of the world is shaking its head at the FOMC’s liberal monetary policy. The next day, the Bank of England and the European Central Bank (ECB) announced that they would continue their austerity programs, foregoing any quantitative easing. The predictable outcome was that U.S. Treasury note and bond yields fell significantly, as the U.S. dollar reached new two-year lows to the British pound and euro. The dollar is also falling to most other major currencies, due largely to the rising rates of return in those other currencies. On Tuesday, the central banks of Australia and India raised their key interest rates by 0.25%, to 4.75% and 6.25% respectively, so these competing currencies remain very strong. Overall, the Fed has diverged from other central banks, undermining the U.S. dollar and boosting stock prices, since a weak U.S. dollar tends to boost the profits for commodity-related companies and multi-national concerns. The international criticism of the Fed’s QE-2 decision was relentless last week. On Thursday, CNBC reported that Germany’s Economic Minister Rainer Bruederle said that he was concerned about U.S. efforts to stimulate growth by injecting liquidity into the economy. Then, on Friday, Germany’s Finance Minister Wolfgang Schaeuble said the U.S. is undermining efforts to create a level playing field in the currency market, saying, “What the U.S. accuses China of doing, the U.S. is doing by different means.” In addition to Germany’s criticisms, Brazil warned that the latest round of “currency wars” could lead to retaliatory measures. Specifically, Brazil’s Finance Minister Guido Mantega said on Thursday that “it’s no use throwing dollars out of a helicopter,” adding that “the only result is to devalue the dollar to achieve greater competitiveness on international markets.” Also, Brazil’s outgoing President Lula da Silva said that Brazil’s leaders would “fight for Brazil’s interests” at the coming G20 summit in Seoul, South Korea by taking “all the necessary measures to not allow our currency to become overvalued.” Since early 2009, the Brazilian real is up 39% to the dollar, prompting fears that Brazil’s exports are now less competitive. Are the Fed and the Treasury Destroying the Dollar? This week, the G20 summit in Seoul, South Korea, will likely dominate the news, especially after Brazil, China and Germany criticized the Fed’s decision last week to launch another round of quantitative easing, which, combined with their ongoing zero-interest-rate policy, will insure a persistently weak U.S. dollar. It will be interesting to see if 18 of the G20 countries gang up on the U.S. and China this week, citing their continuing “currency manipulation.” Meanwhile, China is trying to distance itself from the Fed’s easy-money policies. Last Friday, China’s deputy foreign minister Cui Tiankai said that the U.S. plan for limiting current account surpluses and deficits to 4% of GDP harked back to the days of “planned economies.” Cui also said that the U.S. “owes us some explanation” for the Fed’s latest QE-2 plans. Many of the G20 leaders are also upset that the Fed’s quantitative easing move will risk a sharp rise in the U.S. budget deficit – something the G20 leaders want to prevent. At the last G20 summit in Toronto in June, the developed economies pledged to cut their deficits in half by 2013. In the meantime, CNBC reported last week that PIMCO’s Bill Gross said that the U.S. dollar is in danger of losing 20% of its value if the Fed continues current policies. Gross also said that “QE2 not only produces more dollars but it also lowers the yield that investors earn on them and makes foreigners less willing to hold dollars.” The good news is that a weak dollar is good for the stock market. The dollar hit a new two-year low at the same time stocks hit a two-year high, so the correlation between rising stocks and a falling dollar is clear.
tdp2664
gol2664
InvestorPlace
Early Market News: GlaxoSmithKline plc (LON:GSK), BHP Billiton plc (LON:BLT), BAE Systems plc (LON:BA)
Here is another batch of stock briefings which may affect stock trading as the markets continue today. The following companies should see some movement: GlaxoSmithKline plc (LON:GSK), BHP Billiton plc (LON:BLT), BAE Systems plc (LON:BA). 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) will pay three quarters of a billion dollars for its part in a medical fraud case. GlaxoSmithKline plc (LON:GSK) has decided to pay the penalty of $750 Million 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. BHP Billiton plc (LON:BLT) Rio Tinto and BHP Billiton plc (LON:BLT) will not be tying up in Australia. The plan to form a joint venture was announced earlier by both companies – as they were to develop their iron ore business in Western Australia. BHP Billiton plc (LON:BLT) and Rio Tinto combined control 36 percent of the seaborne iron ore market. Marius Kloppers, the chief executive officer of BHP Billiton plc (LON:BLT) said that "The large synergies from combining our Western Australian iron ore assets with Rio Tinto's have caused us to persevere in seeking to obtain regulatory approvals. However, it has become clear that this transaction is unlikely to obtain the necessary approvals to allow the deal to close, and as a result, both parties have reluctantly agreed to terminate the agreement." BAE Systems plc (LON:BA) There are plans afoot at BAE Systems plc (LON:BA) to develop systems to support its African operations. The company has decided to develop a more regionalized strategy of support, as the number of commercial aircrafts developed by BAE Systems plc (LON:BA) has increased their operations in Africa. Sean McGovern, BAE Systems plc (LON:BA) Regional Aircraft director for business support said "We are placing growing numbers of our portfolio aircraft into African countries, and third parties are also finding Africa a very receptive market for our products." There will probably be more movement when trading continues for GlaxoSmithKline plc (LON:GSK), BHP Billiton plc (LON:BLT) and BAE Systems plc (LON:BA).
tdp2664
E money daily
A Third Type of Bank Account
Better than “100% backed” for interest, better than instant access for banks…
COME THE Revolution, in a free banking world, where there is at least no lender of last resort, commodity backed money with no possibility of over issuing above that commodity in reserve and no deposit insurance, it would be possible for safe deposit accounts and savings accounts where money is lent to borrowers to exist, writes Toby Baxendale at the Cobden Centre.
Both 100% Reserve-Free Bankers and Fractional Reserve-Free Bankers would be happy thus far. If an instant access demand deposit is offered that is fractional in nature, we get heated debate within the free banking community; the arguments will be familiar to readers of this site. So I am going to throw in a left field ball and see what comes out in debate about what I see as a potential solution to this.
The Third Type of Account is not yet named, and we’ll not use 100% or Fractional in the title due to fear of the verbal abuse that will come forth! But consider that a depositor goes into his bank, and he is offered a safe-deposit account that is safe, but gives no interest. His time preference is such that he wants to earn some interest. The bank worker shows him to his colleague who offers him a savings account. Our depositor loves the rate of interest offered, but notes that he has to put his money away for at least a month, or three…six…nine or X number of years to get a proceedingly better rate of interest.
This does not satisfy our depositor as he wants to have instant access and interest. He wants to have his cake and eat it. He gets taken to see the Third Type of Account Manager. This manager says his account can be a timed deposit account in nature (i.e. your money is locked away for at least a month, or three, or whatever), but the bank will allow instant access, by exception for the liquidity that it keeps in reserve all the time.
Should there be too much call on liquidity, the bank reserves the right to point out that you the depositor are actually a de jure timed depositor (i.e. creditor to the bank) for at least a month, three months or X number of years, and so you are going to he held to the time period you freely signed up to.
This third type of account always allows the bank to be reliant on no legal privilege and no accounting standard that is different to those rules applying to any other commercial organizations. It must keep its current and long-term creditors whole at all points in time, as the creditor in question is in fact a timed depositor who has instant liquidity by exception and not by demand. The reality is this liquidity would be there at almost all times, bar the period of bank runs. In fact, dare I say it (I can feel the avalanche of invective building up already) that this is a robust 100% reserve type account from an accounting an legal point of view, with all the benefits of a fractional reserve account of instant access, with none of the inflationary business cycle inducing consequences hotly alleged by the 100% Reserve Bankers.
Buy Gold and own it outright – with full property and withdrawal rights – at secure, low-cost market leader BullionVault…
gol2664
Stocks With Unusual Volumes (RDN, LDK, LLNW)
Radian Group Inc. (NYSE:RDN) slid 0.23% to $8.80. The company announced today that it has priced an underwritten public offering of $400 million principal amount of Convertible Senior Notes due 2017. The underwriters have the option to purchase an additional $50 million principal amount of notes from the Company at the public offering price, less underwriting discounts and commissions, within 30 days, solely to cover over-allotments, if any. The offering is expected to close on November 15, 2010. The stock went up more than 20% year-to-date. LDK Solar Co., Ltd. (NYSE:LDK) went up 7.34% to $14.48 after it created its fresh 52-week high of $15.10. The company late Monday reported third-quarter net income of $93.4 million, or 72 cents per American Depositary share, up from $29.4 million, or 27 cents per ADS, in the same quarter last year. Revenue increased to $675.6 million from $281.9 million a year earlier. Analysts polled by FactSet Research had forecast earnings of 43 cents a share on revenue of $590.8 million. The company expects fourth-quarter revenue to come in at a range of $710 million to $750 million, which is above Wall Street’s estimate of $579.4 million. Limelight Networks, Inc. (NASDAQ:LLNW) rose 31.21% to $8.66. The company reported third quarter 2010 financial results. For the third quarter of 2010, the company reported revenue of $49.8 million, up 53 percent from the third quarter 2009 and up 18 percent sequentially. The stock made its new one-year high of $8.97.
tdp2664
Newsworthy Stocks
Daily News and Research on Chinese Stocks (Nov 9, 2010)
Below is today's Daily News and Research on U.S.-Listed Chinese Stocks:
BIDU SINA SNDA: [$$] The Biggest China Stock You Don't Know – at TheStreet.com (Tue 7:45AM EST)
CAAS CHBT JASO: [$$] The Day Ahead: Commodities Shine – at TheStreet.com (Tue 8:30AM EST)
CBPO: China Biologic Products Schedules Conference Call to Discuss Third Quarter 2010 Results – PR Newswire (Tue 9:08AM EST)
CHA CHL CHU: The Chinese Telecom Growth Story – at Seeking Alpha (Tue 8:23AM EST)
CHBT: China-Biotics, Inc. Reports 37.6% Revenue Growth for the Second Quarter of Fiscal Year 2011 – PR Newswire (Tue 8:04AM EST)
CHC: China Hydroelectric Corporation Signs Definitive Agreement to Acquire 15 MW of Hydroelectric Power Projects in Yunnan Province – PR Newswire (Tue 8:00AM EST)
CHL: [$$] Vodafone to Sell Softbank Interests for $5 Billion – at The Wall Street Journal (Tue 9:01AM EST)
CHOP: China Gerui Advanced Materials Group Limited to Present at Upcoming Investor Conferences – PR Newswire (Tue 8:30AM EST)
CSIQ JASO SOLF: UPDATE – Energy Conversion loss widens slightly, sales surge – at Reuters (Tue 7:57AM EST)
FMCN: Auriga's Hou Discusses China's Currency, Advertising: Audio – at Bloomberg (Tue 8:35AM EST)
GFRE: Gulf Resources to Present at the Brean Murray, Carret & Co. 2010 China Growth Conference – PR Newswire (Tue 8:00AM EST)
JASO: 10 Unusual Stocks Attracting Huge Interest In The Pre-Market Right Now – Silicon Alley Insider (Tue 8:32AM EST)
JASO: UPDATE – JA Solar profit jumps, hikes 2010 shipment view – at Reuters (Tue 7:55AM EST)
JASO LDK SOLF: JA Solar Reports Beat-and-Raise Quarter – at TheStreet.com (Tue 8:26AM EST)
JASO LDK SOLF STP: JA Solar, Solarfun signal strong 2010, bright 2011 – at Reuters (Tue 9:23AM EST)
LDK: Movers & Shakers: Tuesday's biggest gaining and declining stocks – at MarketWatch (Tue 9:01AM EST)
NIV: NIVS Commences TV Advertisement Campaign on Shenzhen Television – PR Newswire (Tue 9:00AM EST)
PUDA YZC: Coal India Parties Like It's 2007 – at Seeking Alpha (Tue 8:34AM EST)
SOLF: Solarfun Shares Tumble On Plans For $67.8 Million Stock Offer – at Barrons.com (Tue 9:11AM EST)
SOLF: Solarfun Announces US$67,843,658 Follow-on Public Offering of American Depositary Shares – PR Newswire (Tue 8:33AM EST)
THTI: THT Heat Transfer Technology Schedules Third Quarter 2010 Earnings Release on Monday, November 15, 2010 – PR Newswire (Tue 8:30AM EST)
TSL: Trina Solar Announces Conference Call to Discuss Third Quarter 2010 Results – PR Newswire (Tue 8:00AM EST)
TSTC: Telestone Technologies Corporation to Host Third Quarter 2010 Financial Results Conference Call on November 15 at 9:00 a.m. ET – PR Newswire (Tue 8:00AM EST)
YONG: Yongye International Announces Conference Call to Discuss Third Quarter Fiscal Year 2010 Results – PR Newswire (Tue 8:00AM EST)
tdp2664
China Analyst
Daily News and Research on Chinese Stocks (Nov 9, 2010)
Google Cars, Google Wind, Google TV
dow2664
Who knew? Google (GOOG) is more than just a search engine; they have branched out into a lot of stuff. Have you heard about the Google cars that can drive themselves? So you can just lie down in the back seat and sleep while you leave the driving to Google. It have already been tested in California (where else would you test a car that drives itself?) for over 100,000 miles. How about a Google TV for Christmas. It allows you to watch YouTube and Hulu automatically, without having to hook up your computer to your regular TV with a bunch of cables. And then there is the offshore wind farm the company is developing called Atlantic Wind Connection, which will provide 6,000 megawatts of electricity to the East Coast. Then of course there are Google Goggles, Google Social, and Google Top Box .
Google Cars, Google Wind, Google TV
NYSE Top Percentage Gainers in Focus –ZLC, GU, VG, GMR, THC
Zale Corporation (NYSE:ZLC) will declare its Financial Results on Nov 22nd, 2010. It performed well during last four trading sessions as its closed prices moved above than its normal range and last closed price was at least a month high price. The performance results calculated by the analysts provided that the stock's performance with respect to rate of return in a week reached 12.50% and 43.18% for a month. The performance for a quarter and half year was also positive but obtained negative results for the performance in a year. Its past twelve months financial statements presented a growth of 42.71% in EPS while analysts expect this growth to reach 28.60% in next twelve months. The capital structure of the Company include almost 50% debts and 50% equity cleared with its debt to equity ratio of 0.96 and maintaining a current ratio of 1.99 to hold a position for timely payment of debts. Zale Corporation (NYSE:ZLC) advanced 8.25%, closing the day at $3.15. The Stocks were traded with the volume of 1.33 million shares for the day and its market capitalization is $101.14 million. The Company's average price in 50 days remained $2.14 and its Current ratio reached 1.99. Gushan Environmental Energy Limited (NYSE:GU) surged 12.96%, closing the day at $1.22. The Stocks were traded with the volume of 3.96 million shares for the day and its market capitalization is $101.77 million. The Company's average price in 50 days remained $0.81 and its Current ratio reached 2.87. Vonage Holdings Corp. (NYSE:VG) reported a gain of 4.72%, closing the day at $2.44. The Stocks were traded with the volume of 3.92 million shares for the day and its market capitalization is $516.80 million. The Company's average price in 50 days remained $2.44 and its Current ratio reached 0.80. General Maritime Corporation (NYSE:GMR) increased 3.32%, closing the day at $4.36. The Stocks were traded with the volume of 1.04 million shares for the day and its market capitalization is $376.21 million. The Company's average price in 50 days remained $4.35 and its Current ratio reached 1.93. Tenet Healthcare Corporation (NYSE:THC) jumped 2.43%, closing the day at $4.64. The Stocks were traded with the volume of 6.50 million shares for the day and its market capitalization is $2.25 billion. The Company's average price in 50 days remained $4.34 and its Current ratio reached 1.39.
tdp2664Penny Stock Live
TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES November 9th, 2010 Mid Day
dow2664
Stocks struggle Tuesday as commodities surge, with gold, silver and cotton reaching new highs. Investors are playing it safe as the effects of the Feds plan for relief are scrutinized and the news flow from economic and corporate calendars remain slow. The G20 summit is scheduled to begin Thursday. Reports indicate that the focus will be centered on troubled economies around the globe. Officials are also expected to voice concerns regarding the Feds decision to purchase $600 billion in government bonds to stimulate the sluggish economy in the U.S. Members of the summit are not the only ones with concerns with the Feds plan. Economists are divided and some continue to report that there may be negative long term risks associated with the stimulus plan. Arguments against the plan vary from weakening the dollar, surging commodity prices or displacing investments to foreign markets. At mid day the market indices are all in the red. DJIA is down 19.45 points to 11,392.12. NASDAQ is down 1.22 points to 2,581.15. S&P 500 is down 1.09 points to 1,222.53. The Treasurys 10-year yield is up 0.01 to 2.59%. Oil is up 0.12 to $86.95 a barrel. Gold continues to surge with an increase of 19.80 to $1423.00. Silver is up 1.5030 to $28.93. Author: Pamela Frost
US Stocks Drift Lower While Commodities Rise; DJIA Off 32
dow2664
US Stocks Drift Lower While Commodities Rise; DJIA Off 32 MarketWatch – 14 minutes ago By Donna Kardos NEW YORK (MarketWatch) — US stocks fell slightly Tuesday while commodities rallied as investors, still mulling over the potential impacts of the Federal Reserve's stimulus plans …
US Stocks Drift Lower While Commodities Rise; DJIA Off 32
Stocks To Watch On Tuesday: Bank Of America, General Electric, Oracle, Rio Tinto, SAP, Genzyme, Sanofi Aventis, Randgold, Nokia, Barclays, Vodafone,...
gol2664
Stocks To Watch On Tuesday: Bank Of America, General Electric, Oracle, Rio Tinto, SAP, Genzyme, Sanofi Aventis, Randgold, Nokia, Barclays, Vodafone, BP Daily Markets – 7 hours ago BP (NYSE:BP) – Co. did not put cost before safety in drilling the Macondo well that ruptured in April, according to the presidential commission investigating the spill in the gulf of Mexico. (FT …
Priceline traded high with its earnings announcement
priceline.com Incorporated (NASDAQ:PCLN) shares are currently trading at $421.50, a gain of 8.47% from previous closing price of $388.58. The company's shares have 52-week trading range of $425.70 – $419.00. The stock is trading at volume of 1.10 million shares. The market capitalization of the company is $20.30 billion. The daily average volume of stock is 1.20 million. The 1-year target estimate is $390.00. Yesterday, the company reported its third quarter financial results for 2010, with net revenues at $1.0 billion, a 37.1% increase over previous year. The international operations contributed revenues of $531.0 million, a 67.6% increase as compared to previous year. The net income reported was $223.0 million or $4.41 per diluted share, as compared to $319.0 million or $6.42 per diluted share in the previous year. This quarter demonstrated increased gross travel bookings driven primarily by its worldwide hotel business, which had a 54% increase in room nights booked. The transaction growth in core Western European and North American markets, ADR improvement and an increasing contribution from high growth new markets led to a sequential increase in the Group’s gross travel bookings growth. The rental car unit sales also contributed to bookings growth with 97% growth in days booked, driven by the strong performance of TravelJigsaw, its recently acquired international rental car business, and a 23% increase in domestic unit sales. The airline ticket sales were down 5% in the quarter as demand was impacted by reduced capacity and higher airfares. The company also announced few executive changes, with Robert J. Mylod Jr. to assist Priceline’s President and CEO Jeffery H. Boyd on special projects on a part-time basis. Glenn D. Fogel, the Priceline’s Executive Vice President, Corporate Development, will assume the additional role of Head of Worldwide Strategy and Planning, reporting to Mr. Boyd. The company also announced the promotion of Robert Rosenstein to Chief Executive Officer of Agoda Company Ptv. Ltd. priceline.com is an online travel company, which offers a range of travel services, including hotel rooms, car rentals, airline tickets, vacation packages, cruises and destination 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.
tdp2664
Epic Stock Picks
Noticeable Bullish Movements at NASDAQ – URRE, FCEL, ROIAK, ASTM, ESLR
Uranium Resources, Inc. (NASDAQ:URRE) surged 31.43%, closing the day at $2.30. The Stocks were traded with the volume of 9.38 million shares for the day and its market capitalization is $193.81 million. The Company's average price in 50 days remained $1.10 and its Current ratio reached 2.09. FuelCell Energy, Inc. (NASDAQ:FCEL) advanced 22.83%, closing the day at $1.56. The Stocks were traded with the volume of 7.08 million shares for the day and its market capitalization is $176.21 million. The Company's average price in 50 days remained $1.15 and its Current ratio reached 2.86. Radio One, Inc. (NASDAQ:ROIAK) recovered its position in last session after getting negatively affected from its financial results announcement on Nov 4th, 2010 when it closed on $1.05 as compared to previous $1.17. Then price further declined to $0.98 but made recovery in last trading session. The reason for this mixed trend was decline in financial results including 0.2% decrease in its revenue as compared to same quarter in 2009. According to analysts the performance of this stock with respect to rate of return was not good in a week but the performance for a month remained 22.92% and 32.58% obtained for quarterly performance. The most recent quarter price to book ratio of stock remained 0.31 and price to free cash flow was 1.80. The Company's capital structure in most recent quarter remained highly levered with total debt/equity ratio of 3.12 in which long term debt were equal to total equity. reported a gain of 20.41%, closing the day at $1.18. The Stocks were traded with the volume of 1.18 million shares for the day and its market capitalization is $64.08 million. The Company's average price in 50 days remained $0.89 and its Current ratio reached 0.11. Aastrom Biosciences, Inc. (NASDAQ:ASTM) increased 20.14%, closing the day at $3.40. The Stocks were traded with the volume of 4.93 million shares for the day and its market capitalization is $96.06 million. The Company's average price in 50 days remained $1.61 and its Current ratio reached 7.33. Evergreen Solar, Inc. (NASDAQ:ESLR) jumped 9.21%, closing the day at $1.02. The Stocks were traded with the volume of 4.15 million shares for the day and its market capitalization is $213.09 million. The Company's average price in 50 days remained $0.77 and its Current ratio reached 3.62.
tdp2664Penny Stock Live
Gold Party Far From Over
On Monday, stocks opened lower following an overnight rise in the U.S. dollar and concerns over the sovereign debt of the PIGS (Portugal, Ireland, Greece and Spain). Most of the day was spent making up for the initial losses, and the market closed modestly lower. It was the first loss for the Dow Jones Industrial Average in seven sessions. With a general lack of economic news, the markets were set up for some profit-taking following Thursday’s breakout and a gain for the week of 2.9%. Earnings seemed to have little to do with the overall direction of the market. In corporate news, AOL, Inc. (NYSE: AOL ) jumped 4.7% following a Wall Street Journal report that the company was “exploring options,” one of which was a possible arrangement with Yahoo! Inc. (NASDAQ: YHOO ). Ashland Inc. (NYSE: ASH ) rose 9.5% as a result of an announced sale of its distribution business to TPG Inc. for $93 million. General Steel Holdings, Inc. (NYSE: GSI ), the Chinese steel company, fell 6.8% after a Q3 earnings shortfall. And McDonald’s Corp. (NYSE: MCD ) said that sales growth in October rose 6.5%, but the stock only gained a penny, while The Boeing Company (NYSE: BA ) announced more delivery delays of its Dreamliner, and the stock fell over $1. The commodity complex was strong despite the dollar’s gains, with the CRB Index up 0.5%. And technology stocks were the only other major sector to show a gain led by Cisco Systems, Inc. (NASDAQ: CSCO ), which was up in advance of its earnings report on Wednesday. Financials were the weakest sector, off 0.8%. The euro fell 0.8% against the dollar at $1.3923 versus $1.4034 on Friday. The 10-year Treasury note closed at a yield of 2.55%, up slightly from Friday. At the close, the Dow Jones Industrial Average was off 37 points at 11,407, the S&P 500 fell 3 points to 1,223, and the Nasdaq gained a point at 2,580. The NYSE traded 908 million shares, while Nasdaq exchanged 489 million shares. On both exchanges, decliners were ahead by about 1.2-to-1. Crude oil for December delivery rose 21 cents to $87.06 a barrel. The Energy Select Sector SPDR (NYSE: XLE ) gained 19 cents, closing at $62.50. Gold closed above $1,400 an ounce for the first time with the December contract up $5.50 to $1,403.20. The PHLX Gold/Silver Sector Index (NASDAQ: XAU ) rose 5.26 points to a new closing high of 220.17. What the Markets Are Saying Yesterday, we noted that the massive breakout last week of the major indices gave the following upside targets: S&P 500 1,313 (August 2008 high) Dow 11,933 Nasdaq 2,728 (December 2007 high) Immediate support now reverts to the last resistance lines, so the S&P’s immediate support is at the April 23 closing high of 1,217, and then 1,190, which is midway in the support zone of 1,174 to 1,210. For the Dow, the first support is at 11,205, and then 11,000 to 11,155. The Nasdaq’s support is quite different because of its strong performance. Its first support is the bottom of a gap opened on Thursday, which is Wednesday’s high at 2,541, and extends down to 2,535. Then there is a wider band from 2,480 to 2,535. Our internal and sentiment indicators are now extremely overbought, so the market is probably going to pull back before resuming its uptrend. Mark Arbeter of S&P puts it this way: “The stock market blasted off late last week, propelling the major indices to new recovery highs. However, the market is extremely overbought, and, in our view, now is no time to chase prices higher. We believe that the U.S. Dollar Index’s break to new corrective lows last week was a major catalyst for the spike in stock prices, but the dollar has bounced and may be attempting to trace out at least a short-term bottom. The prospect of the long-awaited counter trend rally in the dollar may finally represent the impetus for a cooling off period for stocks, in our view.” But yesterday’s strong move on the part of commodities in the face of a higher dollar is a dramatic change in relationship. It tells us that futures and especially precious metals may have embarked on a powerful new leg higher. In a Wall Street Journal article titled “Gold Arches Ever Higher,” Dave Kansas said: “Once the major economies, financial markets and currencies stabilize, gold will find it tough going. And when that time comes, a lot of true believers will get badly burned. But with terms like ‘currency war’ in the air that time seems some way off yet.” Hang on to your gold stocks since, as Yogi Berra said, “It ain’t over ’til it’s over.” To get our new target for gold ETF GLD, see the Trade of the Day . Today’s Trading Landscape To see a list of the companies reporting earnings today, click here . If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .
tdp2664
gol2664
InvestorPlace
Early Market News: British Airways plc (LON:BAY), Royal Bank of Scotland Group plc (LON:RBS), Barclays PLC (LON:BARC)
Here are several more stock briefings which could affect stocks in trading later today. The following listed companies should see some movement: British Airways plc (LON:BAY), Royal Bank of Scotland Group plc (LON:RBS), Barclays PLC (LON:BARC). 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 received delivery of the 700th E-Jet from Embraer. The newly delivered Embraer 190 aircraft will be operated by BA CityFlyer, a subsidiary of British Airways plc (LON:BAY). The aircraft has a seating capacity of 98 passengers and it will be used for both domestic and international operations by BA CityFlyer from London City Airport. In addition, this new aircraft has increased the fleet of BA CityFlyer to ten E-Jets, five Embraer 170s and five Embraer 190s. Royal Bank of Scotland Group plc (LON:RBS) A smaller bonus pool will be available in 2010 for Royal Bank of Scotland Group plc (LON:RBS) employees. Philip Hampton, Chairman of Royal Bank of Scotland Group plc (LON:RBS), said in an interview in Beijing yesterday that "It would be strange if market forces did not play a part in reducing bonuses because this has been a weaker year for investment banking markets than last year and so, if the word bonus means anything, it means payouts should be lower than last year." Last year's bonus pool was 1.3 billion pounds ($2.1 billion). Barclays PLC (LON:BARC) GT Solar International's target price has been lifted by Barclays PLC (LON:BARC). The decision follows GT Solar’s Q2 earnings conference call. Officials from GT Solar announced a share repurchase plan worth $203 million, and also raised the firm’s fiscal year 2011 EPS guidance from $1.00-$1.10 to $1.08-$1.18. GT Solar International manufactures solar power equipment. The company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry. Expect more movement when trading continues for British Airways plc (LON:BAY), Royal Bank of Scotland Group plc (LON:RBS) and Barclays PLC (LON:BARC).
tdp2664
E money daily
Top 10 Consumer Electronics Stocks with Highest Momentum: DTSI, NTE, MCZ, UEIC, PHG, SRSL, PC, SNE, ATV, HGG (Nov 09, 2010)
Below are the top 10 Consumer Electronics stocks with highest price momentum, UPDATED TODAY before 4:30 AM ET. Two Chinese companies (NTE, ATV) are on the list.
DTS Inc. (NASDAQ:DTSI) has the 1st highest price momentum in this segment of the market. It is trading at 99.6% of 52-week high. Its price change was 9.7% for the last 4 weeks. Nam Tai Electronics, Inc. (NYSE:NTE) has the 2nd highest price momentum in this segment of the market. It is trading at 99.1% of 52-week high. Its price change was 38.0% for the last 4 weeks. Mad Catz Interactive, Inc. (USA) (AMEX:MCZ) has the 3rd highest price momentum in this segment of the market. It is trading at 97.6% of 52-week high. Its price change was 39.8% for the last 4 weeks. Universal Electronics Inc (NASDAQ:UEIC) has the 4th highest price momentum in this segment of the market. It is trading at 95.5% of 52-week high. Its price change was 31.6% for the last 4 weeks. Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) has the 5th highest price momentum in this segment of the market. It is trading at 87.9% of 52-week high. Its price change was -1.5% for the last 4 weeks.
SRS Labs, Inc. (NASDAQ:SRSL) has the 6th highest price momentum in this segment of the market. It is trading at 87.5% of 52-week high. Its price change was 3.6% for the last 4 weeks. Panasonic Corporation (ADR) (NYSE:PC) has the 7th highest price momentum in this segment of the market. It is trading at 86.6% of 52-week high. Its price change was 4.0% for the last 4 weeks. Sony Corporation (ADR) (NYSE:SNE) has the 8th highest price momentum in this segment of the market. It is trading at 83.2% of 52-week high. Its price change was 4.4% for the last 4 weeks. Acorn International, Inc. (ADR) (NYSE:ATV) has the 9th highest price momentum in this segment of the market. It is trading at 80.0% of 52-week high. Its price change was 35.5% for the last 4 weeks. hhgregg, Inc. (NYSE:HGG) has the 10th highest price momentum in this segment of the market. It is trading at 79.2% of 52-week high. Its price change was -5.3% for the last 4 weeks.
tdp2664
China Analyst
Top 10 Consumer Electronics Stocks with Highest Momentum: DTSI, NTE, MCZ, UEIC, PHG, SRSL, PC, SNE, ATV, HGG (Nov 09, 2010)
Silver for December Delivery and Copper for December Delivery Price Per Ounce Rate Rise Notes November 9th, 2010
dow2664
Several major stock market index values are trending green before opening bell for the U.S. trading session November 9th, 2010. Commodities have been on a tear and trending for precious metals is on the rise as well. Gold, silver, copper are all trending in the green currently. Interestingly as well, the dollar index rose. The dollar index is the value that tracks the greenback against the currencies of six trading partners. It had another strong day and is now trending positive for several consecutive days. The dollar was expected to devalue after the Fed’s announcement last week to inject more greenbacks into the U.S. economy, but so far it is holding strong and even strengthening. Historically, one sees an inverse relationship between the dollar value and precious metal commodity value. Gold and copper however are surging and the yellow metal specifically continues to shine bright even with the stronger dollar. Gold climbed to a record $1,414.85 an ounce and copper jumped as much as 1.6%. The trending for silver is up as the one month change is green at 18.10%. Copper’s one month change is green as well at 4.67%. Silver for December delivery is trading $27.43 an ounce. Copper for December delivery is trading $3.96 an ounce. Major commodities across the board are trending positive and thriving right now. Author: Camillo Zucari
Oil Rises as Dollar Weakens, IEA Sees China Demand Surging; Gold Gains on Gold Standard Talk
gol2664
Oil Rises as Dollar Weakens, IEA Sees China Demand Surging; Gold Gains on Gold Standard Talk NASDAQ – 52 minutes ago Oil is on the rise in early morning trade as the dollar lost ground and traders await the release of the latest US crude inventories data, one from the American Petroleum Institute later in the …
Opening View: DJIA Set to Resume March Higher; Gold Rises to Another Record
dow2664
Opening View: DJIA Set to Resume March Higher; Gold Rises to Another Record Schaeffers Research – 41 minutes ago by Joseph Hargett (jhargett@sir-inc.com) 11/9/2010 7:50 AM The Dow Jones Industrial Average (DJIA) took a breather yesterday, slipping roughly 37 points to snap a six-session winning streak …
Opening View: DJIA Set to Resume March Higher; Gold Rises to Another Record
Gold Bull vs. Bearish Bull
Seconds out! Because here’s one fight that will draw no blood…
THESE INTERVIEWS previously appeared in the Exchange-Traded Funds Report, writes Lara Crigger at Hard Assets Investor.
Jason Toussaint, managing director of investment at the World Gold Council in New York reckons “Gold Has Higher To Go.” Dennis Gartman, publisher of the Gartman Letter, believes “Gold Is Ready For A Pullback” from these current levels…
Lara Crigger: Jason, right now, the gold market is, shall we say, “enthusiastic,” due to fears of a double dip and uncertainty about the economy. Is gold nearing bubble territory?
Jason Toussaint: No, it’s not. Look at where we are now versus when this gold market began, literally a decade ago. It’s not as if this market came out of nowhere and grew asymptotically. This has been a sustained, gradual increase in the Gold Price over the past decade.
In terms of the actions of investors, as measured by their investments in the gold market, we’re far from what I’d refer to as a frenzy.
Crigger: Do the fundamentals behind gold’s current rise support a further price rise?
Toussaint: Of late there’s been a bit more volatility than, say, over the past year. Having said that, it’s important to note that demand for gold is not led by the investment sector. We had only one quarter where investment surpassed jewelry demand.
People aren’t Buying Gold simply as a Dollar hedge or inflation hedge, or for double-dip fears. Some cultures around the world – like India and China, which are the largest gold demand markets – will purchase gold, most often in the form of jewelry, as a matter of lifestyle, religious beliefs, cultural beliefs, etc.
So yes, gold is a good inflation hedge. But if you look at the buyer of jewelry at a gold market in Chennai, India, they’re not asking, “Well, wait a minute, what’s the CPI estimate coming out of the US tomorrow?” They don’t care.
Crigger: Do the traditional reasons people invest in gold – that is, for wealth preservation – still hold? Or is it now more about speculation?
Toussaint: Well, every efficient market has its blend of speculators, investors, long-term and short-term holders. Just like any other asset, it’s the relative balance of supply and demand that determines the price in any given point in time.
But I think the traditional uses of gold in the investment portfolio have changed. The modern approach to gold investment is: Instead of isolating risk factors like Dollar worries or inflation worries in my portfolio and hedging those, let’s instead add gold to the portfolio and see what happens.
Gold is the ultimate diversifying asset class. The correlation between gold and the S&P 500 is statistically zero. In fact, the highest correlation between gold and any major asset class is with emerging market sovereign debt. A lot of emerging market countries rely heavily on gold and other mining activities for their income.
Crigger: What makes gold different from other commodities?
Toussaint: There’s hugely different drivers at work. How many people do you know who wear corn necklaces? How many iPads have their semiconductors wired with corn? I’m being flippant, of course, but it comes back to the nature of demand. Gold is not like other commodities. Is it fair to lump gold into the rest of the commodities baskets? Or, should it be pulled out as a separate asset class?
I think what’s occurring now is very similar to what occurred in emerging markets equities. If you look back to the mid-’90s, most US institutional investors did not have segregated allocations to emerging markets. Fast-forward to where we are now. Virtually every diversified and global institutional investor has at least some dedicated allocation to emerging markets. The same is occurring in commodities.
Look at, specifically, commodity baskets, whether it’s GSCI or any of the other commodity indices: Gold had a very positive return in 2008, but everything else – the entire energy complex, platinum, palladium, all of the other metals except silver and gold – had vastly negative returns. That’s because many other commodities are hugely correlated to the global business cycle, whereas gold is not. So when things go completely off the rails, as they did in 2008, gold is there to preserve wealth.
Crigger: When you look at the future potential trajectory for gold, do you foresee a pullback in the Gold Price soon?
Toussaint: As a matter of policy, we as an organization don’t predict the Gold Price. But we do look at the fundamentals supporting both today’s Gold Price and where it may go in the future. So we can absolutely talk about trajectory.
Gold Mining supply is fairly steady, although it’s slowing down and becoming more difficult to find new minable gold. New discoveries of gold, even with dramatically increased exploration budgets, are decreasing.
Crigger: Is that because there are gold deposits out there that we just don’t have the technology to access in a cost-effective manner? Or are we simply running out of new gold deposits altogether?
Toussaint: It’s a combo of the two. Let’s not forget the technology to mine gold is pretty advanced. There are mines in South Africa that are 3 1/2 miles into the earth.
The easy gold is gone. Is more gold left to be found? Yeah. But they’re not finding it at the rate that the industry would hope.
Crigger: How does central bank buying and selling play into that?
Toussaint: Typically another source of supply has been central bank selling. But gold is increasingly being recognized as a reserve asset among the world central banks. So the Western central banks have slowed down selling. Conversely, in accumulation mode, you have the Eastern central banks; places like Russia, India, Maldives, China, etc.
Crigger: How should investors get their gold exposure? Through bullion, ETFs, futures, stocks or a mix of the above?
Toussaint: It depends on the allocation size. A lot of wealth advisers we’re speaking to now recommend a 5 percent allocation to bullion; that is, to gold. And with a fairly modest allocation of that size, it could be done with all GLD or physical. But when you buy physical – and there’s certainly merit for doing physical vs. GLD – periodic portfolio rebalancing becomes a pain. It’s not really a liquid rebalancing activity.
Crigger: Dennis Gartman, in your newsletter, you recently wrote that gold was “hyper overbought” and “hyper overextended”. That’s quite a contrarian view right now.
Dennis Gartman: It’s possible that Gold Prices will still go violently higher, but if past is prelude to the future, one has to be skeptical of gold’s ability to launch much higher than where it is right now.
Does that mean that this is the end of the great bull market in gold? No, just as the decline last December from $1220 per ounce back to $1100 was not the end of the great bull market, either. But it was enough to shake late buyers and trend-following individuals. The skeptics who finally threw in and bought gold? Last December washed them out and made the market healthy again.
My bet is that we get another washout, which will make the market healthy again. And we will go to even higher levels a year from now. But is gold, in the short term, preposterously, egregiously, exaggeratedly, shockingly, surprisingly over-bought? Oh, you bet it is.
Crigger: Has gold caught on among mainstream investors?
Gartman: There’s no question Gold Investment is catching on in the mainstream. Gold is also catching on in the sophisticated stream. We have institutional buyers of gold that five years ago would never have touched gold. And they are.
You also have an interesting interplay where sophisticated sellers of gold, the central banks, who had been selling gold for years – and doing it very badly – have suddenly stopped selling gold. In fact, they have turned to being buyers of gold.
Gold has caught on. And when things catch on, they get a little exuberant, a little exaggerated. And then they have to catch “off” for a little bit.
Crigger: Are we nearing a bubble in gold, then?
Gartman: No, I don’t think gold is nearing a bubble yet. I’ve lived through enough bubbles to know that bubbles are stunning in their exuberance. And I believe the gold bull market will end in a true bubble. There will be some time in the future when gold is trading $150 in a day higher, and then that day it will end $120 lower.
Right now people are probably squeezing their bread money to buy a little bit of gold. Nobody has hocked the house yet. But bubbles end when people get so excited and they get so exuberant that you have price movements that we would just find mind-numbingly severe. And my guess is that some time in the future that’s how the gold market, which is now a reasonably adept, reasonably sane market, will end – in an insane, irrational, violent bubble.
Crigger: It used to be that gold’s role was as a store of value only, and many people do still invest in it for that reason. But do you think that investors are increasingly trying to cash in on these higher Gold Prices?
Gartman: Yeah, now it is becoming a momentum play. Anybody who’s Buying Gold now because they think they’re getting a rationally priced store of value, no, I say [they]‘re probably wrong. What you do have are momentum players hoping to cash in on the next $10 movement higher.
Crigger: So when will we see a pullback?
Gartman: Markets are fundamentally driven, technically driven and psychologically driven. At times, one of those three becomes the dominant factor, and right now the psychology is overwhelmingly the dominant factor. And when psychology becomes the dominant factor, you’re usually getting close to the time when a correction of some magnitude is not only warranted, it’s bloody necessary.
I will reiterate: I’m long gold. I’m still bullish in the gold market. I’m just demonstrably less bullish than I was, which of course will make me a disdainful, hated bear on gold. Hard to imagine that you can be bearish on something of which you are long.
Crigger: How much gold should investors have in their portfolios right now?
Gartman: No more than 10%. No more.
Crigger: How should that be allocated? Is Gold Bullion the way to go, or miners, or ETFs or a mixture of all three?
Gartman: I avoid the miners. Let’s take that in a hierarchy. I will avoid at all costs, always and everywhere under pain of death, owning junior gold miners. I won’t own them. It’s just amazing to me how many junior gold miners are dens of thievery. They’re just one hype after another. So just avoid them. Does one out of 100 work? Probably. But it’s not worth the 99.
After that, the next group is the large miners – the Barricks and the Newmonts, et al. I don’t mind owning them as much. They’re leveraged to the price of gold. If you have to own equities, own them. It’s just safer and wiser. Now, if you have to own bullion – if you’re a true dyed-in-the-wool gold bug who disbelieves in everything and thinks that we are all going to hell and that the only thing you need is gold, some distilled water, dry food and some ammunition – go ahead, buy yourself some bullion. And if you’re that much of a disbeliever in the system, store it at home. But I think that’s a silly thing to do.
The best methodology of all is the purest methodology, and that’s to own the Gold ETF, GLD. It tracks the price of gold tick for tick, less the very, very small cost of owning it. You do, in fact, own bullion stored in a vault. It’s there. You may not be able to go pick it up, but it’s there.
Crigger: You just name-checked GLD. Do you prefer that gold ETF over all of the other ones?
Gartman: To be bluntly honest, GLD is the only one I’ve looked at. GLD has served its purpose quite admirably, and if somebody can prove to me that there’s a better, simpler, purer gold ETF, please bring it to my attention.
Well, how about slashing your storage costs by two-thirds…and actually owning your Gold Bullion outright – rather than being mediated through a trust structure – with the London wholesale market’s deep liquidity on tap, plus live 24/7 dealing online and direct access to the spread? Start with a free gram of gold at BullionVault now…
gol2664
Casino Stocks Higher (LVS, MPEL, BYD)
Las Vegas Sands Corp. (NYSE:LVS) added 1.35% to $52.68. Last week, the company announced that its Board of Directors has declared a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on November 2, 2010. The dividend payment will be made on November 15, 2010, as specified in the Certificate of Designation for the preferred stock. The stock went up more than 252% year-to-date. Melco Crown Entertainment Ltd (NASDAQ:MPEL) jumped 5.02% to $6.90. Last week, the company posted a profit for the third quarter, driven by higher revenues. Net income for the third quarter was US$15.78 million or US$0.03 per American Depository Share or ADS, versus a loss of US$39.49 million or US$0.08 per ADS in the year-ago quarter. On average, analysts polled by Thomson Reuters expected the company to post a loss of US$0.01 per share in the quarter. Analysts’ estimates typically exclude special items. At current market price, the market capitalization of the company stands at $3.66 billion. Boyd Gaming Corporation (NYSE:BYD) went up 2.77% to $10.03. Late October, the company announced that it has priced its offering of $500 million aggregate principal amount of senior notes due 2018. The notes will bear interest at a rate of 9.125% per annum, payable semi-annually on December 1 and June 1 of each year, commencing June 1, 2011. The stock has a 52-week range of $6.70-$14.85. 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
Crocs, Inc share Continue to Move Higher
Shares of Crocs, Inc (NASDAQ:CROX) moved up 9.41% to $15.82 after the company issued fourth quarter guidance above the analysts' estimates on Thursday after tagging a fresh 52-week peak of $15.94. Volumes are on the higher side with 8.86 million shares have already traded, compared to its average volume of 3.13 million shares. Today's gains might be due to the fact that the Company posted better than expected third quarter 2010 profits of $25 million, or 28 cents per share late Thursday, compared to $22.1 million, or 25 cents per share, in the same quarter last year. This result is driven by growing consumer demand. Revenue jumped 30 percent to $215.6 million from $177.1 million last year. Web Sales rose 19.3% to $19.2 million from $16.1 million. Retail sales increased 34.5% to $72.5 million from $53.9 million. Wholesale sales increased 16% to $123.9 million. For the fourth quarter, analyst expects the profit of 2 cents on revenue of $165 million, a 21% increase over fourth quarter 2009, with a 10% dip inventory. The guidance is above the Reuters estimates that expect EPS of $0.01 on revenues of $158 million for the fourth quarter of 2010. Moreover, Year-to-date, Crocs shares have almost tripled, spurred by a more than yearlong restructuring aimed at reducing the Colorado company’s reliance on just sales of its original colorful clogs and is trading above its 50 day & 200 day moving average of $13.43 & $11.79. So far this year, the stock is up about 175.13% and has a market capital of $1.37 billion. Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children.
tdp2664
Newsworthy Stocks
LinkWithin
