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| October gold import soars 65% to 43 tonne Daily News & Analysis Based on WGC estimates, India owns over 18000 tonnes of above ground gold stocks worth approximately $800 billion at today's gold price and representing at ... See all stories on this topic » |
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| DOW JONES Weekend update The Market Financial Weekly chart has turned completely negative. Breakout was confirmed above 11247 but not even a full candle formed above this level. ... See all stories on this topic » |
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| Economists Debate Bring Back Gold Standard NPR If the US — namely the Treasury Secretary — did decide to clean out the gold coffers, there's no guarantee it could get the current price, $1400 an ounce. ... See all stories on this topic » |
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| Pfizer Will Go Beyond 15% Job-Cut Target From Wyeth Deal Wall Street Journal (blog) By Katherine Hobson So says the company in a regulatory filing today, reports Dow Jones Newswires. When Pfizer bought Wyeth in 2009 it said it would cut 15% ... See all stories on this topic » | ||
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| LG Chem: May Supply More Car Batteries For GM's Volt Plug-In Hybrid Capital.gr (press release) OCHANG, South Korea -(Dow Jones)- South Korea's LG Chem Ltd. (051910.SE) may provide more car batteries to General Motors Co. in addition to an existing ... See all stories on this topic » |
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| Economists Debate Bring Back Gold Standard OPB News Four decades ago, in the face of deficits and spates of inflation and deflation, President Nixon took the US off the gold standard. Today, with gold prices ... See all stories on this topic » |
Here is another batch of stock briefings which may affect trading on world markets later today. The following stocks should see some movement: BP plc (NYSE:BP), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL). Here is a more detailed look at the news that will affect each company when trading continues. BP plc (NYSE:BP) A huge bill has now been settled by BP plc (NYSE:BP) in relation to the oil spill response. A report released today by The Government Accountability Office (GAO) shows that federal and state agencies have spent $581 million so far on cleaning and renovation of natural resources spoiled by the spill. The GAO report is reviewing the financial risks facing the Oil Spill Liability Trust Fund, which Congress approved in 1990 to pay the instant expenses of federal agencies responding to spills. An 8-cents tax per barrel petroleum finances the fund. Google Inc. (NASDAQ:GOOG) Google Inc. (NASDAQ:GOOG) looks like it might be stepping up its war with Facebook over the next few days and weeks. As the rivals are to present their upcoming strategies on web-based services at a high-profile conference in San Francisco next week, the tech world is waiting to see the outcome of the next phase of the web war. It had been reported earlier that Facebook will soon introduce a revamped version of its messaging service, which could be a real challenge to Google Inc. (NASDAQ:GOOG)'s mail. Apple Inc. (NASDAQ:AAPL) The first PC made by Apple Inc. (NASDAQ:AAPL) has been valued at more than $160k at auction. The historic auction taking place at Christie’s, an exclusive London auction house, has valued the first PC from the Mac Maker between $161,600 – $242,400. The New York Times reported that “The original Apple I has the sort of specs that we associate with deficient calculators today — 8 KB of RAM, a MOS 6502 microprocessor with clock speeds between 1 and 2 MHz — but was nevertheless a feat of engineering for its day.” We could possibly see more movement when trading continues for BP plc (NYSE:BP), Google Inc. (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL).
tdp2664
E money daily
Could Gold Bullion do now what the Rentenmark did for Germany in 1923…?
WHAT WAS a “Rentenmark”? asks Julian Phillips at the Gold Forecaster.
Here you see a one billion Mark note, among the last printed notes of the Weimar Republic which saw the dreadful hyperinflation from WWI’s end to August 1923.
Further below, you see the currency that replaced it and which helped terminate the hyperinflation that infested Europe, but was at its worst in Germany.
This was at a time when gold was completely accepted as money internationally. Due to the economic crises in Germany after the Great War, however, there was no Gold Bullion available to back the currency. Therefore the Rentenbank in November 1923 issued the Rentenmark, a currency backed by mortgaged land and industrial goods worth 3.2 billion Rentenmark.
The Rentenmark was pegged to the US Dollar at a rate of 4.20 RM. Five years earlier, at the end of the First World War, the Deutschmark had been valued at 4.63 to the US Dollar. But the rate of the Rentenmark to the Papiermark – Germany’s intervening currency – was 1 to 1,000,000,000,000 (1 trillion Papiermark).
The Rentenmark was only a temporary currency and was not legal tender. It was, however, accepted by the population and effectively stopped the inflation. The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark.
Together with the responsible fiscal policy of Chancellor of Germany Gustav Stresemann and Finance Minister Hans Luther, it brought the inflation in Germany to an end. The Rentenbank continued to exist after 1924 and the notes and coins continued to circulate. The last Rentenmark notes were valid until 1948.
Why did it work? The first question to ask is, how could the German people, so devastated by the previous abuse of un-backed paper money, have accepted this new piece of paper? For a start no-one ever has a choice when it comes to everyday cash needs. Even when Zimbabwean notes were worthless, when they were printed with an expiry date, the people in that country were forced to use it, by government order. The Germans had developed all sorts of ways to bypass the use of this paper. And then the system had flopped.
Well before then, foreigners had refused to accept German paper and the government had sold the German Gold Bullion off overseas. So what made the German people accept this new paper currency? It was secured against something the people believed was unprintable and valuable, industrial goods and land. This appeared to strictly limit the volume of money that could be printed against it. It inspired confidence again.
But a closer look showed why it was credible:
While it worked and inspired confidence, however, it only did so inside Germany! A foreigner would not have been welcome with such notes, to go to court against the government so he could seize the assets. To go up against a government on its turf is never wise. The national nature of the money limited it to within Germany’s borders. Anybody seizing assets of Germany outside the country would have a chance, because the matter would have to be decided outside Germany’s Jurisdiction, where the country would simply be a debtor of the foreigner. At that time, Germany did not have overseas assets anymore.
Currency, or government issued paper can only succeed when it is trusted and reliable. The moment it loses that trust and reliability as the Weimar Republic money had, it is worthless! Today such a scheme would not work because of the devastation or property values in so many parts of the world and the dangers that such values would fluctuate too much.
Mr Robert Zoellick has now set the cat amongst the pigeons this week by suggesting that Gold Bullion should be used as a reference point for currencies at the current time, a time when confidence in currencies is declining fast. Why did he choose gold, you may well ask? Yes, it has always been seen as money except for the last 40 years when the world has trusted the behavior of governments and their currencies. There is little chance that a Gold Standard could work in its past form that would be too restrictive of money supply.
Beside the small quantity of gold available would make each piece of gold too valuable to make it a practical money. But that does not mean to say that gold could not do the job used in another way. The head of the World Bank suggested it be used as a reference for currency values, not as money itself. This is entirely different. What virtues could gold bring to the monetary table?
As such in the international arena, gold’s value will reflect the value of currencies, whether governments like it or not. As such a currency can be devalued or revalued against gold when comparison to another currency is inadequate (such as the Dollar being valued against the Euro – with both suffering one form of monetary decay or another).
Just as the Rentenmark anchored Germany’s economy in its post-hyperinflation phase, gold could bring such an anchor to global money. It will be unpopular until it is sorely needed because of one or more major nation’s profligate behavior regarding their own currencies. This has already started as we can see in the G-20 nation meeting of this week. The cautionary note is that it worked because the nation was desperate having exhausted all other alternatives. This desperation may be needed before gold takes on that role internationally. Then gold will value each currency at its internationally exchangeable value. In such a role, you can be sure that each national government will want to control the gold in its own Jurisdiction at some point in time!
Buying Gold for your own private reserves today…?
gol2664
Intel Corporation (NASDAQ:INTC) added 1.86% to $21.60. The 52-week range of the stock is $17.60-$24.37. The stock went up more than 5% year-to-date. The stock has average daily volume of 63.48 million shares. At current market price, the market capitalization of the company stands at $120.49 billion. Advanced Micro Devices, Inc. (NYSE:AMD) surged 1.31% to $7.73. The 52-week range of the stock is $5.53-$10.24. The stock went down more than 20% year-to-date. The average daily volume of the stock is 27.99 million shares. At current market price, the market capitalization of the company stands at $5.22 billion. LDK Solar Co., Ltd. (NYSE:LDK) went up 1.25% to $12.92. The 52-week range of the stock is $4.97-$15.10. The stock went up more than 84% year-to-date. The stock opened at $12.64 and is trading within the range of $12.55-$13.33. At current market price, the market capitalization of the company stands at $1.70 billion. Texas Instruments Incorporated (NYSE:TXN) gained 0.75% to $31.03. The 52-week range of the stock is $22.28-$31.59. The stock went up more than 19% year-to-date. The average daily volume of the stock is 14.51 million shares. At current market price, the market capitalization of the company stands at $36.45 billion.
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Newsworthy Stocks
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Medicare Advantage plan enrollment season is upon us. Medicare advantage plans are health care options that are part of the Medicare program. Medicare Advantage plans are supplemental and privately run providing supplemental insurance coverage for the elderly and the disabled. To join a Medicare Advantage Plan, one must have Medicare Part A and Part B. Extra benefits are offered and one may have to pay a bit extra for the supplemental benefits. Medicare Advantage Plans can include prescription drug coverage that might integrate HMO’s, PPO’s, private fee-for-service plans and Medicare Special Needs Plans. Open enrollment for the Medicare Advantage plans begins this Monday November 15th, 2010. As of the end of this past month, almost 12 million Medicare beneficiaries were enrolled in a Medicare Advantage plan. Customers will have about 45 days to review the potential plan changes and then determine what type of health care coverage and prescription drug plan coverage they would like to include into their Medicare program coverage. The new health care reform law will also significantly affect Medicare Part D plans. Health care changes for seniors and their Medicare Part D benefits will be altered between now and 2020, which is a time span that new federal rules and regulations allot for major changes to take place. Medicare and Medicaid report that prescription drug plan premiums will remain similar to rates beneficiaries are currently paying this year. Legislation, as it relates to the Affordable Care Act, will improve the value of drug coverage people with Medicare receive. With open enrollment season upon us, many beneficiaries should closely scrutinize their plans and review the detailed options to alternative plans. Health care reform is alive and actively changing the options available almost daily. Author: Genny Germano
Activision Blizzard (NASDAQ: ATVI ) has learned to love the month of November, and not just because the annual flood of Black Friday-related holiday deals is always the most lucrative period from the video game industry. For the fourth year in a row, November has given Activision one of the biggest sales openings for a video game in the history of the medium, and in the case of Call of Duty: Black Ops , the single best opening day ever. The latest game in the long-running military shooter franchise sold 5.6 million copies in its first 24 hours on the market, pulling in $360 million. This is the second consecutive year that Activision has broken day one sales; Call of Duty: Modern Warfare 2 , released on Nov. 10 th , 2009, sold 4.7 million copies within 24 hours, trouncing the record previously held by Microsoft (NASDAQ: MSFT ) and Bungie’s Halo series. The most recent entry Halo: Reach , released last September, had a record breaking day itself, selling 3.3 million copies on day one, earning Microsoft a cool $200 million in the process. Halo ‘s console exclusivity, though, has kept it from hitting the lofty heights of Activision’s behemoth. Before the release of Modern Warfare 2 , Halo 3 was the record holder for biggest sales debut, with 2.45 million in first day sales in 2007, but even that year Activision was making waves in November. While Guitar Hero 3 (released on October 28 th , 2007) didn’t match Halo 3 or any of the subsequent record breakers with sales during its first day on shelves, the game went on to become the first piece of game software in history to break $1 billion in sales. Black Ops big open couldn’t come at a better time for Activision Blizzard. The company reported strong third quarter earnings last week thanks to sales of summer releases like Starcraft II: Wings of Liberty that were stronger than expected and a strong uptick in new subscriptions for the company’s evergreen massively multiplayer online role-playing game, World of Warcraft . Warcraft should also help Activision Blizzard maintain its momentum through the holiday season when the latest expansion for the software, World of Warcraft: Cataclysm , releases during the first week of December. Going into 2011, though, ATVI may be at an impasse. Wedbush Morgan analyst Michael Pachter said back in August that he did not expect Black Ops to outsell Modern Warfare 2 on day one let alone in lifetime sales. Though Black Ops has exceeded those day one expectations, it’s still questionable whether or not it can match Modern Warfare 2 overall, a game that has sold in excess of 21 million copies since releasing last year and that, as of last month, was still charting in the NPD Group’s top ten sales. Considering that Modern Warfare 2 still controls a sizable player community on Microsoft’s Xbox 360 and Sony ‘s (NYSE: SNE ) Playstation 3, it’s doubtful that those players will flock to the new software en masse. There is one indisputable bright spot in the company’s future business plan. Activision Blizzard is expected to publish the first game under a 10-year contract with Halo creators Bungie Studios sometime in the next two years. The new franchise will create a new annual cash cow for Activision, and they will need it. Call of Duty may be strong now, but Activision has habitually oversaturated the market with their most popular franchises. Annual entries of inconsistent quality in the Tony Hawk Pro Skater and Guitar Hero franchises have ended up devaluing those properties beyond hope of rehabilitation. ATVI shares are up more than +8% from last September, trading around $11.50 today, but still down -8% from the company’s 52-week high. Given strong projections for its holiday software line up, now would be a good time to buy ATVI, but only if you plan to turn the stock around quickly come the beginning of the next fiscal year. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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InvestorPlace
Chimera Investment Corporation (NYSE:CIM) share price volatility for last week remained 1.66%. CIM share price is moving ahead its 200 day moving average of 7.95%. The CIM total share capital comprises of 883.17 million outstanding shares out of which 837.50 million shares have been floated in the market. CIM's insider ownership was recorded 5.17% and its institutional ownership included 69.75%. The CIM share price is going ahead of its 52 week low with 28.45%. According to analysts recommendations stock gained "to be purchased" ranking with the analysts measure of 1.90. Chimera Investment Corporation (NYSE:CIM) decreased 1.73%, closing the day at $3.98. The Stocks were traded with the volume of 13.04 million shares for the day. Its market capitalization is $3.52 billion and in 52 Weeks its price range remained $3.50– $4.36. Citigroup Inc. (NYSE:C) reported a fall of 1.36%, closing the day at $4.36. The Stocks were traded with the volume of 381.63 million shares for the day. Its market capitalization is $126.66 billion and in 52 Weeks its price range remained $3.11– $5.07. Sprint Nextel Corporation (NYSE:S) gained 1.52%, closing the day at $4. The Stocks were traded with the volume of 65.33 million shares for the day. Its market capitalization is $11.94 billion and in 52 Weeks its price range remained $3.03– $5.31. Alcatel-Lucent (ADR) (NYSE:ALU) plunged 3.82%, closing the day at $3.02. The Stocks were traded with the volume of 381.63 million shares for the day. Its market capitalization is $6.82 billion and in 52 Weeks its price range remained $3.11– $5.07. Synovus Financial Corp. (NYSE:SNV) dropped 3.69%, closing the day at $2.09. The Stocks were traded with the volume of 21.93 million shares for the day. Its market capitalization is $1.64 billion and in 52 Weeks its price range remained $1.45– $3.92.
tdp2664Penny Stock Live
dow2664
Monday Morning Outlook: China Throws Wet Blanket Over DJIA Rally Schaeffers Research – 6 hours ago by Todd Salamone 11/13/2010 10:53 AM The bulls' two-month sprint through September and October simply ran out of gas last week. Just a week after cracking the 11,400 mark for the first time this …
Monday Morning Outlook: China Throws Wet Blanket Over DJIA Rally
dow2664
Ken Fisher is a money manager, and on the list of the Forbes 400 Richest Americans. He is also a Forbes columnist, where he recently recommended several income stocks, such as TransCanada (TRP), Repsol (REP), and Sanofi-Aventis (SNY). His latest book, Debunkery: Learn It, Do It, and Profit from It-Seeing Through Wall Street’s Money-Killing Myths was just published. He is also author of several other books, including The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!) and How to Smell a Rat: The Five Signs of Financial Fraud Ken Fisher Interview Part 5 Please note: Interview took place on Wednesday, October 27, 2010 Stockerblog: Bunk number 40 actually surprised me. This is the one about ‘Presidential term cycles are voodoo.’ I would have thought that this would have been a typical bunk that wouldn’t really have patterns. Fisher: You think it would be something like the Super Bowl indicator? Stockerblog: Yes. That’s what I would have thought and I think a lot of readers would have thought so. Fisher: I think most people’s reaction is that’s what it is. Most people’s reaction is something like what you articulated, and I’m just going to make a series of points. One of the points which is actually in here which is coming right at us, not only are the data on page 154 and 175 about the third year president’s term true, but the history of twelve months after a mid-term election is positive, not just the year but down to the six months. All are positive, some more positive, some less positive. I believe what happens based on my analysis of political processes is, I spent a lot of time analyzing this and I think I know what I’m doing, is that the president that I’ve described in this pushes his most onerous legislation in the first and second year of his term because he knows that his party almost always, this is relative power of the opposition in the mid-term which is exactly what’s going to happen six days from now [ed. note: interview was Oct. 27], and he knows he won’t be able to do later, so he does and the more he does it, the more his party loses power to the opposition party in the mid-term. This is a pattern that we do over and over again that we never seem to fully recognize. There are very few exceptions to it in history and presidents feel lucky when they get those exceptions. In the first two years when we do all that heavy legislation, the people don’t recognize this because of the way liberals and conservatives think is similar is just opposite. They think that whatever he passed that they want to do is what’s right, but what they miss is anything you legislate, other than platitude statements, is taking from somebody to give to somebody else in some way, One of the lessons of behavioral finance is that the average American hates a loss two and a half times as the love a gain, so when you take from these to give to those, the people you take from hate it more than the people you give to like it, and everybody else fears you are going to come and get them next. So when we do that politically, which is in the first and second year of presidents’ terms, the process of what could be referred to a political risk aversion rises, and when political risk aversion rise, total risk aversion rises, and you get more market-bad times. On the other hand, between about June of the second year of the president’s term and September of the third year of the presidents term, political risk aversion in America in a predictable way goes from an all time highest level in the four year cycle to its all time lowest lever in the four year cycle. As that political risk aversion falls to the floor, total risk aversion has a tendency to fall. So if you take this year, the one flavor where you have a Democratic President and Congress, you saw legislation that you know about. You had all kinds of people that didn’t like that squealing like stuffed pigs, how terrible it is, how the world’s going to hell, how Obama is a socialist, and, and, and, and, and. From their viewpoint, that all makes sense. But they don’t fully appreciate that that stuff ended. It’s over. When I say it’s over, were going to have effectively the equivalent of a hung parliament. The only things they are going to pass after this election are things that have very broad agreement, and there’s not that much of that. So the takes from these to those is completely over. Therefore, political risk aversion is over, and when political risk aversion falls, total risk aversion falls, the market’s going to do better than not. That’s what’s behind that cycle. The key, as I said in my The Only Three Questions book, to recognizing a pattern is a bunk like the Super Bowl indicator or whether it’s something real is to actually come up with an underlying economic mechanism that drives something that relates to either the economy or markets. In this case, it’s simply, presidents are really good at elective politics, that’s how you become president. If you are not good at elective politics, you don’t become president, and they know what happens with mid-term elections. When President Obama got elected, he know that he had two years to get things to Congress so if he couldn’t get them through in the first two years, he’s never going to get them through in the back two years, so he rammed a lot of stuff through and he did that rather successfully. He got a lot of stuff through but not a much as he wanted to, but he still got a lot of stuff through, and made a lot of people hate it, made a lot of people upset, and increased political risk aversion. But now that’s going away. We did predict last year, that basically we would get the election outcome approximately that we are going to get next week, which is a Congress that can’t do anything. I’m always amazed that because so many people are so interested in politics, they don’t seem to be able to see the forest from the trees. End of Part 5 The Debunkery book is available at Amazon . Ken Fisher obviously doesn’t give individual stock recommendations in his interviews, but some stocks he likes that were mentioned in his recent Forbes columns, including high dividend stocks, are available in the form of a free Excel list at WallStreetNewsNetwork.com. Part 1 of this interview is available HERE . Part 2 of this interview is available HERE . Part 3 of this interview is available HERE . Part 4 of this interview is available HERE . By Fred Fuld at Stockerblog.com Disclosure: Interviewer doesn’t own any of the stocks mentioned in this interview series at the time the articles were written. Copyright 2010. All rights reserved. Reproduction of this interview prohibited without permission. All opinions are those of Ken Fisher, and do not represent the opinions of Stockerblog.com or the interviewer. Neither Stockerblog nor the interviewer nor the interviewee are rendering tax, legal, or investment advice in this interview. If you want tax, legal, or investment advice, contact the appropriate professional.
Exclusive Interview with Ken Fisher Part 5 – Where the Market is Going after the Election
gol2664
AngloGold and Randgold cheer growth prospects Times LIVE – 1 hour ago September was the quarter when almost everything seemed to come together for AngloGold Ashanti, SA's largest gold producer – in dollar and rand terms. If we ignore the quarter's $1.58-billion cost …
Below are the top 10 best-performing U.S.-listed Chinese stocks for the past week.
Highway Holdings Limited (NASDAQ:HIHO) is the 1st best-performing stock last week in this segment of the market. It was up 51.70% for the past week. Its price percentage change is 99.01% year-to-date. Yuhe International, Inc (NASDAQ:YUII) is the 2nd best-performing stock last week in this segment of the market. It was up 18.30% for the past week. Its price percentage change is 10.16% year-to-date. ChinaCache International Holdings Ltd. (NASDAQ:CCIH) is the 3rd best-performing stock last week in this segment of the market. It was up 16.53% for the past week. Its price percentage change is N/A year-to-date. 7 DAYS GROUP HOLDINGS LIMITED(ADR) (NYSE:SVN) is the 4th best-performing stock last week in this segment of the market. It was up 16.17% for the past week. Its price percentage change is 76.68% year-to-date. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) is the 5th best-performing stock last week in this segment of the market. It was up 15.96% for the past week. Its price percentage change is 78.69% year-to-date.
China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) is the 6th best-performing stock last week in this segment of the market. It was up 15.52% for the past week. Its price percentage change is -9.35% year-to-date. Simcere Pharmaceutical Group (NYSE:SCR) is the 7th best-performing stock last week in this segment of the market. It was up 15.04% for the past week. Its price percentage change is 13.42% year-to-date. Shiner International, Inc. (NASDAQ:BEST) is the 8th best-performing stock last week in this segment of the market. It was up 15.01% for the past week. Its price percentage change is -1.43% year-to-date. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 9th best-performing stock last week in this segment of the market. It was up 14.62% for the past week. Its price percentage change is 28.45% year-to-date. Xinhua Sports & Entertainment Limited (NASDAQ:XSEL) is the 10th best-performing stock last week in this segment of the market. It was up 14.53% for the past week. Its price percentage change is -63.66% year-to-date.
tdp2664
China Analyst
Top 10 U.S.-Listed Chinese Stocks of the Week: HIHO, YUII, CCIH, SVN, FFHL, GRRF, SCR, BEST, VALV, XSEL (Nov 13, 2010)
J.C. Penney Company, Inc. (NYSE:JCP) shares are currently trading at $31.78, a drop of 1.37% from previous closing price of $32.22. The company's shares have 52-week trading range of $34.50 – $19.42. The shares are trading at volume of 1.80 million shares. The market capitalization of the company is $7.51 billion. The 1-year target estimate is $31.00. Today, the company announced its third quarter financial results 2010, with net revenues at $4.18 billion, an increase of 0.2% as compared to $4.17 billion in the previous quarter. The comparable store sales were positive for the third consecutive quarter, increasing 1.9% over last year. The internet sales through jcp.com were $361 million in the third quarter, increasing 3% over last year as the company's online growth initiatives begin to take hold. The strongest merchandise results were in shoes and men's apparel, and geographically, the best performances were in the southeast and southwest regions of the country. The total sales for the quarter were impacted by the company's discontinuation of its Big Book catalogs this year. The net income reported was $44 million, or $0.19 per share as compared to $0.11 per share in previous year. These results reflect the company's focus on growing top-line sales in stores and online, while managing costs and expenses. In the quarter, the company launched several merchandise initiatives including Liz Claiborne, MNG by Mango and Call it Spring by The ALDO Group, all exclusive to JCPenney. The company also opened 16 Sephora inside JCPenney beauty boutiques and will end the year with 231 locations. The company expects comparable store sales to increase 3 to 4% in the fourth quarter. The total sales are expected to increase approximately 150 basis points less than comparable store sales. The EPS is expected to be in the range of $0.90 to $1.00 per share. For the full year, the company continues to expect comparable store sales to increase low single digits and earnings to be in the range of $1.40 to $1.50 per share. JCPenney is a retailer operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010. Its business consists of selling merchandise and services to consumers through its department stores and Direct (Internet/catalog) channels. JCPenney sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. 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
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| TSX Venture Exchange Closing Summary for November 12, 2010 Marketwire (press release) 12, 2010) - The following report is available on tsx.com at the following web page: Trading was very heavy on a volume of 325.0 million shares worth 184.6 ... See all stories on this topic » |
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| Lear Capital: Gold - Scared to Sell IBTimes Selling gold now wold be like selling your life preserver on the Titanic for cash. For real time prices and an opportunity to buy at today's best online ... See all stories on this topic » |
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| Stocks Suffer Worst Week in Three Months Barron's Technology and financial stocks took the brunt of the selling, which saw the Dow Jones Industrial Average close down 2.2%, to 11192.58, for the five trading ... See all stories on this topic » |
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| TSX Venture Exchange Daily Bulletins istockAnalyst.com (press release) ("BKT") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: November 12, 2010 TSX Venture Tier 2 Company Further to the ... See all stories on this topic » |
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| Concerns that China will slow its economy help pull down U.S. stocks, commodities Kansas City Star The Dow Jones industrial average fell 90.52, or 0.80 percent, to 11192.58, led by sharp losses in energy and materials stocks. ... See all stories on this topic » | ||
| ECB Bini Smaghi: Crisis Resolution Plan Should Mirror IMF Work Wall Street Journal FRANKFURT (Dow Jones)--Europe's planned "crisis resolution mechanism" should mirror the functioning of the International Monetary Fund, a member of the ... See all stories on this topic » |
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| By: Julian DW Phillips, Gold/Silver Forecaster - Global Watch Gold Seek While the increase in margins did do their job Tuesday by smashing down prices, the shorts are still in deep deep trouble. If I were to be in one position ... See all stories on this topic » |
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| Russia Stocks Drop for Fourth Day on Oil, Europe Debt Concern BusinessWeek 13 (Bloomberg) -- Russian stocks dropped for a fourth day, the longest losing streak in three months, after oil prices fell yesterday and concern that some ... See all stories on this topic » |
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| TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX ... Learning and Finance The week for the Dow Jones, Nasdaq and S&P 500 started off in the red even with some positive news posting. On Monday, the Commerce Department posted that ... See all stories on this topic » |
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| TSX weekly loss largest since august Montreal Gazette The S&P/TSX closed at 12749.24 yesterday, down 185.50 points, or 1.43%, for the day, with the materials and energy sectors leading the declines, ... See all stories on this topic » | ||
| MOSAID Technologies (TSX:MSD) to Release Second Quarter Fiscal 2011 Results on ... PR-USA.net (press release) MOSAID Technologies Inc. (TSX:MSD) will issue a news release on the Company's second quarter results for fiscal 2011 on Wednesday, November 24, 2010, ... See all stories on this topic » |
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| Was the gold-bug barber right? National Post (registration) He had held and held and held, even as the gold price had plunged and plunged and plunged. He will be pleased with his resolve today, one of countless gold ... See all stories on this topic » | ||
| Russia Stocks Drop for Fourth Day on Concern With Europe Debt, China Rates Bloomberg "We're down today, in line with the key global indicators, though we won't see large volumes on a Saturday," Romanov said. Markets in Russia were open today ... See all stories on this topic » |
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| U.S. stocks could make up ground on data ahead MarketWatch ... NEW YORK (MarketWatch) — The US stock market will try to reclaim its footing in the week ahead after a shellacking that brought the Dow Jones ... See all stories on this topic » |
