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| Corporate profits help stocks avoid drop Washington Post Caterpillar, the world's largest maker of construction equipment, jumped 3.6 percent, the most in the Dow Jones industrial average. ... See all stories on this topic » |
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| Experts split on whether gold's the answer Pittsburgh Tribune-Review Three years ago, the price of gold was about $695 an ounce. Today, the price hovers at about $1400. During that time, inflation averaged about 2.3 percent. ... See all stories on this topic » |
Here are some more breaking stock news briefs which could see some changes on the markets later. The following companies should see some movement: Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN), Hartford Financial Services (NYSE:HIG). Here is a more detailed look at the news that will affect each company when trading continues. Raytheon (NYSE:RTN) Raytheon (NYSE:RTN) employee Lynn Dugle has been appointed to the Board of Directors of the National Security Alliance. Intelligence and National Security Alliance (INSA) has selected Lynn Dugle, president of Raytheon’s (NYSE:RTN) Intelligence and Information Systems (IIS), as one of the organization’s newest board members. Currently, she is responsible for overseeing operational capabilities including intelligence, surveillance and reconnaissance of Raytheon (NYSE:RTN). Lynn Dugle said, “It’s an honor for me to serve on INSA’s distinguished board and to take part in the critical discussion shaping and promoting the ideas for safeguarding our nation.” Amazon.com (NASDAQ:AMZN) A new search function has rolled out at Amazon.com (NASDAQ:AMZN). The new functionality will help customers to search and browse for shoes based on how they look, allowing them to find the styles they want easily and quickly. Amazon.com (NASDAQ:AMZN) has also started offering a number of shoe shapes that customers can choose from. Bill Stasior, president of A9 of Amazon.com (NASDAQ:AMZN) said, “With the launch of this new search feature, finding the right pair of shoes becomes even easier for customers, presented with a palette of shapes, representing different styles of shoes and that palette is constantly changing to match the customer’s context." Hartford Financial Services (NYSE:HIG) Good news for Hartford Financial Services (NYSE:HIG) today, as they said the number of sales of life insurance has gone up. The company has noticed a 14% growth in life insurance sales in the third quarter of 2011, ending on Sept 30. Independent agents called "Monarch" were appointed by Hartford Financial Services (NYSE:HIG) to sell their permanent life policies in January. These agents are cited as one of the reasons for the growth in sales by the company. Brian Murphy, executive vice president of the individual life business of Hartford Financial Services (NYSE:HIG) said, “The Monarch program has really resonated in the marketplace and outstripped our expectations. Over 90 percent of Monarchs are submitting business and paid results continue to accelerate.” We could see more movement when trading continues for Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN) and Hartford Financial Services (NYSE:HIG).
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E money daily
RRI Energy, Inc. (NYSE:RRI) dropped 4.39% to $3.70. The 52-week range of the stock is $3.35-$6.21. The stock went down more than 35% year-to-date. The stock has average daily volume of 5.34 million shares. At current market price, the market capitalization of the company stands at $1.31 billion. Duke Energy Corporation (NYSE:DUK) declined 0.23% to $17.65. The 52-week range of the stock is $15.47-$18.60. The stock went up more than 2% year-to-date. The stock opened at $17.66 and is trading within the range of $17.52-$17.75. At current market price, the market capitalization of the company stands at $23.38 billion. Public Service Enterprise Group Inc. (NYSE:PEG) slid 2.12% to $30.50. The 52-week range of the stock is $29.01-$34.93. The stock went down more than 8% year-to-date. The stock opened at $30.94 and is trading within the range of $30.35-$30.98. At current market price, the market capitalization of the company stands at $15.43 billion. CenterPoint Energy, Inc. (NYSE:CNP) is trading 0.63% lower to $15.75. The 52-week range of the stock is $0.01-$17. The stock went up more than 8% year-to-date. The average daily volume of the stock is 4.11 million shares. At current market price, the market capitalization of the company stands at $6.67 billion.
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Newsworthy Stocks
Advanced Micro Devices, Inc. (NYSE:AMD) surged 1.77% to $7.48. The 52-week range of the stock is $5.53-$10.24. The stock went down more than 22% year-to-date. The stock has average daily volume of 27.25 million shares. At current market price, the market capitalization of the company stands at $5.10 billion. Atmel Corporation (NASDAQ:ATML) declined 1.71% to $10.05. The 52-week range of the stock is $3.82-$10.66. The stock went up more than 117% year-to-date. The stock opened at $10.15 and is trading within the range of $10.04-$10.19. At current market price, the market capitalization of the company stands at $4.60 billion. LDK Solar Co., Ltd. (NYSE:LDK) jumped 1.81% to $11.23. The 52-week range of the stock is $4.97-$15.10. The stock went up more than 60% year-to-date. The stock opened at $10.96 and is trading within the range of $10.83-$11.27. At current market price, the market capitalization of the company stands at $1.48 billion. Analog Devices, Inc. (NYSE:ADI) is trading 1.13% higher to $34.94. The 52-week range of the stock is $26.28-$35.70. The stock went up more than 10% year-to-date. The average daily volume of the stock is 4.39 million shares. At current market price, the market capitalization of the company stands at $10.42 billion.
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Newsworthy Stocks
Thursday’s price action in the S&P 500 offers a great example of the power of options, which are traditionally overlooked by most equity traders or investors. While I did not personally enter this trade, I did enter a short position with tight stops around the S&P 1,197 level using futures contracts for a short-term trade. I was looking for a short-term decline, which we subsequently received in the aftermarket and my limit orders were triggered. The option trade that I discussed with one of my trading buddies and mentor, involved getting short Apple Inc. (NASDAQ: AAPL ) when its price was around $309.50 a share. While I did not place this trade as I felt I had plenty of short-side exposure via my e-mini futures position, the trade would have worked quite well. So the trade listed below is not a recommendation, but an illustration of how options can be a contrarian trader’s best friend. The Contrarian Trade AAPL has been trading in the $300 – $320 per share range for several weeks having broken out above $320 only to be smacked down into the range. During the recent sell-off, AAPL crossed down through the $300 level only to encounter strong buying that pushed it above the key $300 area by the close of trade that day. Thursday’s rally had AAPL trading above $309.50 a share and the 20-period moving average was right around the $310 level, as can be seen from the chart below. The 20-period moving average provides an adept option trader with a key level, which he/she can define the risk of a short position using options. Through the utilization of a contingent stop based on AAPL’s stock price, a trader using this setup could place a stop around the $311.25 area to define their ultimate risk. As of Thursday, the AAPL weekly options that expire Nov. 26 began trading. The trade listed below is a put debit spread : Buy 1 AAPL Nov 26 310 Weekly Put – $5 / contract based on Thursday’s close Sell 1 AAPL Nov 26 300 Weekly Put – $1.47 / contract based on Thursday’s close AAPL stock closed around $308.43 / share The profitability chart reflecting this trade is below: The maximum risk this trade has per leg was around $350; however, through the use of the contingent stop around $311.25, the risk per leg is around $150. The maximum gain would be $650 per leg if at expiration in one week AAPL was trading below $300 a share. In the first hour of trading, AAPL sold off below $306 per share. If an option trader had more than one contract on, he/she could take partial profits and place a stop at the entry price insuring a winning trade and allowing room for the trade to run. Obviously the trader may want to adjust his/her stop based on market conditions, but this is simply an example of what can be accomplished with options. Once the trader understands how to determine the risk that an option trade assumes, he/she can build trade constructions to fit nearly any trading style or strategy. For a contrarian trader, options offer an unbelievable opportunity to mitigate risk and maximize profits. Learning how to trade options does take time and effort, but the potential returns options offer when they are used appropriately are unparalleled. If you would like to receive my Free Options Strategy Guide & Trade Ideas, join this free newsletter .
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InvestorPlace
Below are the top 10 Leisure Services stocks with highest price momentum, UPDATED TODAY before 4:30 AM ET. One Chinese company (LONG) is on the list.
Interval Leisure Group, Inc. (NASDAQ:IILG) has the 1st highest price momentum in this segment of the market. It is trading at 97.8% of 52-week high. Its price change was 9.0% for the last 4 weeks. Travelzoo Inc. (NASDAQ:TZOO) has the 2nd highest price momentum in this segment of the market. It is trading at 97.5% of 52-week high. Its price change was 10.1% for the last 4 weeks. Six Flags Entertainment Corp (NYSE:SIX) has the 3rd highest price momentum in this segment of the market. It is trading at 96.8% of 52-week high. Its price change was 4.3% for the last 4 weeks. priceline.com Incorporated (NASDAQ:PCLN) has the 4th highest price momentum in this segment of the market. It is trading at 95.7% of 52-week high. Its price change was 12.7% for the last 4 weeks. The Marcus Corporation (NYSE:MCS) has the 5th highest price momentum in this segment of the market. It is trading at 95.4% of 52-week high. Its price change was 3.1% for the last 4 weeks.
eLong, Inc. (ADR) (NASDAQ:LONG) has the 6th highest price momentum in this segment of the market. It is trading at 95.1% of 52-week high. Its price change was 19.1% for the last 4 weeks. Reading International, Inc. (NASDAQ:RDI) has the 7th highest price momentum in this segment of the market. It is trading at 94.6% of 52-week high. Its price change was 7.8% for the last 4 weeks. Cedar Fair, L.P. (NYSE:FUN) has the 8th highest price momentum in this segment of the market. It is trading at 93.5% of 52-week high. Its price change was 8.4% for the last 4 weeks. Churchill Downs, Inc. (NASDAQ:CHDN) has the 9th highest price momentum in this segment of the market. It is trading at 93.4% of 52-week high. Its price change was 6.9% for the last 4 weeks. Globalink Limited (NASDAQ:GOBK) has the 10th highest price momentum in this segment of the market. It is trading at 92.6% of 52-week high. Its price change was 340.0% for the last 4 weeks.
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China Analyst
Top 10 Leisure Services Stocks with Highest Momentum: IILG, TZOO, SIX, PCLN, MCS, LONG, RDI, FUN, CHDN, GOBK (Nov 20, 2010)
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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 Sims Metal Management (SMS), Net Servicos de Comunicacao (NETC), and PetroChina (PTR). 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 6 Please note: Interview took place on Wednesday, October 27, 2010 Stockerblog: In regards to Congress, in your book, you do show the analysis of a change in parties and how it can affect the market, but have you done research on Congressional changes from one party to another? Fisher: Those don’t matter much. What matters is do they have power to pass or not. It’s really not whether the Republicans are better or the Democrats are better. When you move from one party has got the power to nobody’s got the power, the market likes it better. Let me put it this way. Markets really don’t like political change. They don’t like having legislation. It doesn’t matter if it’s legislation that the Democrats would prefer or legislation that the Republicans would prefer. So if you take the time period like the 1994 midterms with the Republican revolution, that worked really well because the Republicans didn’t have big margins when they won, in 1994. They had a big election to get there but they didn’t have big margins, and then they had a Democratic president who could veto. So not much got done after that. This time we’ll have the same thing. Almost certainly, the Republicans will take the House of Representatives. (ed. note: interview took place Oct. 27) The Democrats won’t have any margin and won’t be able to pass anything, and the Republicans will pick up steam, and while its very unlikely they will take control of the Senate, with one House in one party and another house in another party, it’s like what Ronald Reagan had in 1983. Stockerblog: Now Bunk Number 36, I think most investors, obviously incorrectly, fear higher taxes. This is the one about stocks love lower taxes. Fisher: We kind of talked about this before. Those fears are already priced into the markets. This can be done one of two ways. The one people are worried about now is the sun-setting of the so-called Bush tax cuts. Everybody knows that’s fair and have had a lot of time to react to it. Let’s step back for a minute. The United States is part of the world is important, but it’s not the only part of the world, and of the United States, more money than not isn’t taxable than is. Most of the money that’s taxable doesn’t get sold anyway, like Bill Gates owning shares in Microsoft or me owning Fisher Investments. It’s not like a stock that you’re going to turn around and sell right away. And then the people that are taxable investors, if you think about it now after what we’ve been through in the last few years, not that many of them have a lot of capital gains to take. If they wanted to take them and realize the gains, they have had all this time to do it before the tax change occurs. So it’s not like they didn’t have lots of lead time. So you can say, who in their right mind if they’ve got a thousand shares of stock X at a big capital gain, and they want the lower rate, who in their right mind is holding off until after the change. The selling’s all done in the here and now. The odds are that the market doesn’t have a problem with that moving forward. There’s this part that I find amazing, which is the arrogance of presuming that an investor sees something that pretty much every other investor ought to be able to see, and from that, you continue to see that it's a smart economic decision. That might be true outside of the world’s capital markets but the whole role of capital markets makes that impossible. End of Part 6 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 . Part 5 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 6 – How Tax Changes Will Affect the Market
Here are several more breaking news stories which could affect market stocks in trading later today. The following stocks should see some movement: General Electric Co. (NYSE:GE), Google Inc. (NASDAQ:GOOG), Microsoft Corp. (NASDAQ:MSFT). Here is a more detailed look at the news that will affect each company when trading continues. General Electric Co. (NYSE:GE) Chinese planes will soon be looking at new engines, courtesy of General Electric (NYSE:GE). General Electric (NYSE:GE) has got a contract for 42 engines for HNA Group’s Airbus A320s, to be delivered at the beginning of 2012, with the co-operation of Snecma of France. The deals are worth $2.1 billion. Shanghai-based Commercial Aircraft Corp. of China Ltd. had received 100 launch orders for its new C919 passenger jet, but the General Electric (NYSE:GE) joint venture, called CFM International, will provide all of the engines for those planes. A General Electric (NYSE:GE) spokesman said that they had signed a memorandum of understanding with HNA Group to maintain, repair, and overhaul that type of engine in the city of Tianjin. Google Inc. (NASDAQ:GOOG) Google Inc. (NASDAQ:GOOG) has warned the Irish government over their planned tax increase. Google Inc. (NASDAQ:GOOG) Ireland chief John Herlihy said that the Republic of Ireland's plan to increase corporation tax would damage the country's competitiveness. Herlihy said, “Anything that impinges on Ireland’s competitiveness is going to be a big thing for Google, including corporation tax. And anything that increases the cost-base of a business is negative for competitiveness.” The search engine giant has more than 2000 employees in its European headquarters in Dublin. Microsoft Corp. (NASDAQ:MSFT) It's Microsoft Corporation (NASDAQ:MSFT)'s party, but there'll be no crying this time! It's hard to believe that the world's most popular operating system is 25 years old, but it is a fact. The first Windows, Windows 1.0 was released by Microsoft Corporation (NASDAQ:MSFT) on 20 November 1985. A series of operating systems and many updates have turned the software giant into one of the greatest success stories in the business world. Although businesses have come and gone in the arena, Microsoft Corporation (NASDAQ:MSFT) is sill leading the OS industry without having any serious competition. We could possibly see more movement when trading continues for General Electric Co. (NYSE:GE), Google Inc. (NASDAQ:GOOG) and Microsoft Corp. (NASDAQ:MSFT).
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E money daily
Below are the top 10 best-performing U.S.-listed Chinese stocks for the past week.
China Shenghuo Pharmaceutical Hldg, Inc. (AMEX:KUN) is the 1st best-performing stock last week in this segment of the market. It was up 29.79% for the past week. Its price percentage change is -21.79% year-to-date. Rda Microelectronics Inc (NASDAQ:RDA) is the 2nd best-performing stock last week in this segment of the market. It was up 25.33% for the past week. Its price percentage change is N/A year-to-date. Universal Travel Group (NYSE:UTA) is the 3rd best-performing stock last week in this segment of the market. It was up 21.77% for the past week. Its price percentage change is -34.91% year-to-date. SinoHub Inc (AMEX:SIHI) is the 4th best-performing stock last week in this segment of the market. It was up 20.16% for the past week. Its price percentage change is -22.50% year-to-date. China Medical Technologies, Inc. (ADR) (NASDAQ:CMED) is the 5th best-performing stock last week in this segment of the market. It was up 17.50% for the past week. Its price percentage change is -2.49% year-to-date.
Telestone Technologies Corporation (NASDAQ:TSTC) is the 6th best-performing stock last week in this segment of the market. It was up 17.05% for the past week. Its price percentage change is -29.08% year-to-date. Bonso Electronics International Inc. (NASDAQ:BNSO) is the 7th best-performing stock last week in this segment of the market. It was up 15.87% for the past week. Its price percentage change is 50.52% year-to-date. Global Education and Technology Group (NASDAQ:GEDU) is the 8th best-performing stock last week in this segment of the market. It was up 13.76% for the past week. Its price percentage change is N/A year-to-date. China Infrastructure Investment Corp (NASDAQ:CIIC) is the 9th best-performing stock last week in this segment of the market. It was up 13.70% for the past week. Its price percentage change is -81.28% year-to-date. China Digital TV Holding Co., Ltd. (NYSE:STV) is the 10th best-performing stock last week in this segment of the market. It was up 11.01% for the past week. Its price percentage change is 19.21% year-to-date.
tdp2664
China Analyst
Top 10 U.S.-Listed Chinese Stocks of the Week: KUN, RDA, UTA, SIHI, CMED, TSTC, BNSO, GEDU, CIIC, STV (Nov 20, 2010)
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Market Update: DJIA Dips on China-Related Concerns Schaeffers Research – Nov 19, 2010 by Sarah Wasserman (swasserman@sir-inc.com) 11/19/2010 12:00 PM US stocks are down at midday, as the Street mulls over the implications of the latest economic news from China. Specifically, China …
Market Update: DJIA Dips on China-Related Concerns
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A Stock Trader’s Thanksgiving I am thankful that I live in the technology age, where I can use a small electronic box called a computer to analyze my stocks and trading techniques on something called a spreadsheet. I am thankful that I live in the information age, where I can get stock quotes instantly without having to call a broker, and I can get all kinds of financial data and up-to-the-second news about stocks I am interested in. I am thankful that I live in the communication age, where I can connect with my brokerage firm and fellow traders in numerous ways, such as instant messaging, texting, tweeting, and chat-rooming. I am thankful that I pay less than $10 per trade for commissions, unlike the old days, when I was subject to minimums of $35 to $100, plus add-ons depending on the number of shares. I am thankful for the bid and asked spreads narrowing to as little as one cent, unlike the old days when it used to be one quarter of a dollar, or occasionally one eighth of a dollar. I am thankful that I can easily trade internationally, with the ability to buy most major publicly traded companies around the world, and still pay the same low commission. I am thankful that I can now easily trade a type of mutual fund called an Exchange Traded Fund, which I can buy and sell several times in one day. I am thankful that I can buy bearish funds through an ETF, which allows me to diversity with a short position without the unlimited risk of shorting a stock. I am thankful that I can buy funds through an ETF that can give me double and triple leverage, without having the risk of margin calls. I am thankful that there is so much free instantaneous adjustable charting software available, unlike the old days when we had to wait for our outdated daily and weekly chart books to arrive in the mail. I am thankful that the commissions on options are so low, allowing me to do spreads that could only have been profitable to market makers back in the old days. I am thankful for all the option software currently available for free through my brokerage firm that helps me analyze and choose the best collars, iron condors, and other option trading strategies. I am thankful that I can have money transferred from my brokerage account to my bank account without a fee and quickly, sometimes in as little as 24 hours, unlike the old days, when I had to wait for a check to be sent across country and arrive in my mailbox. I am thankful that I live in a free enterprise country that allows me to trade stocks freely. By Fred Fuld III at Stockerblog.com
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+7.5% on the S&P 500 This week's SBV chart example is based on the 15-day SBV(14) S&P 500 chart. Chart 1. Relationship between the SBV Oscillator and index reversal points. S&P 500 index. 15-day view. 1 bar = 15 min. SBV(14) Detailed system description with explanation of used rules could be found in our ” SBV Trading System ” tutorial. Table 1: Trades based on the 5-rule system. Time Motivation Signal Index Profit (points) 10/26/2010 rule #4 Sell Short 1184 +8 10/27/2010 rule #2 Buy 1176 +3 10/28/2010 rule #4 Sell Short 1179 -1 10/28/2010 rule #2 Buy 1180 +3 10/29/2010 rule #4 Sell Short 1183 0 10/29/2010 rule #5 Cash 1183 11/02/2010 rule #2 Buy 1191 +2 11/02/2010 rule #4 Sell Short 1193 -2 11/03/2010 rule #2 Buy 1195 +28 11/05/2010 rule #4 Sell Short 1223 -2 11/05/2010 rule #2 Buy 1225 -5 11/08/2010 rule #5 Cash 1220 11/08/2010 rule #2 Buy 1219 +3 11/08/2010 rule #5 Cash 1222 11/10/2010 rule #2 Buy 1211 -1 11/11/2010 rule #4 Sell Short 1210 0 11/11/2010 rule #2 Buy 1210 +2 11/12/2010 rule #4 Sell Short 1208 +9 11/12/2010 rule #2 Buy 1999 +5 11/15/2010 rule #4 Sell Short 1204 +29 11/16/2010 rule #2 Buy 1175 +6 11/17/2010 rule #4 Sell Short 1181 -10 11/18/2010 rule #2 Buy 1191 +8 11/18/2010 rule #4 Sell Short 1191 +4 11/19/2010 rule #2 Buy 1195 Total: +89 (+7.5%) Disclaimer: The chart example is intended for educational purposes only and does not constitute trading advice or make or imply any market trend prediction.
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Bush tax cut extension is a current topic of debate and if an extension is not passed, most Americans will feel the effect in their pocket book. Republicans have control of the House and have added seats in the Senate. Republicans state that they need to act on the present tax law. Their stance is to ensure that the present tax law remains unchanged and acknowledge that their is no discussion from the party regarding supplemental legislation to include more tax cut policy, this according to Senator Grassley in a recent public post. Republicans are relaying that they would not vote for a tax cut bill that focused primarily on middle class Americans and the feeling on the Republican side is that many Democrats would, and should, shun this type of bill as well. They believe that this type of cut is not good policy for the economy. Grassley also states that a good rule of thumb is to reduce the marginal tax rates. Grassley believes that there are many people that will have their say on specific tax policy in the near future, but that the most important idea to keep in mind relates to the nation’s deficit. The primary goal should be to pass policy that supports and enables the nation to reduce its national deficit. Author: Stephen Johnson
Increase in Taxes Possible; Bush Tax Cuts Debated; Congress Extension of Tax Policy News Notes Today
Recently Broadcom Corporation NASDAQ: BRCM announced on November 19th Friday that company will pay its next quarterly cash dividend of $0.08 to the company's common stock holders. According to company officials the dividend was declared by the board of directors on November 11 and will be paid on December 13. The performance in the trading session closed at November 19, 2010 of Broadcom Corporation NASDAQ: BRCM resulted in a surge of 2.90% with the closing price of $43.22. The overall volume in the last trading session was 12.02 million shares. Its fifty two week range was $26.40- $43.38. The total market capitalization remained $ 22.12 billion. BRCM is scheduled to announce its earnings report on 4th February 2011. In the last trading session of November 19th BRCM stock price hit a new 52-week high at $43.38 which is higher than its previous stock price 52-week high of $42.70 attained on November 08, 2010. Since the start of this month company got significant growth in its share price as well as volume. On first of November BRCM was being traded at $40.80 while the volume was 8.36 million shares. The condition continuously got better and not only achieved two major 52-week highs in this month but also got high in share volume at 12.79 million shares on November 04, 2010. The condition got strengthened after the dividend announced. With a positive outlook BRCM share price is currently ahead of its 20 days moving average of 5.72% and 50 days moving average of 15.09%. Its share price volatility for the last month was 2.56%. In the share capital BRCM has 511.70 million shares outstanding out of which 455.43 million have been floated into the market. Analysts recommended a hold signal for BRCM stock with their rating given to 2.40. Broadcom Corporation (Broadcom) is a provider of semiconductors for wired and wireless communications. Broadcom provides a portfolio of system-on-a-chip (SoC) solutions to manufacturers of computing and networking equipment and, broadband access products and mobile devices. Its product portfolio includes solutions for the home (Broadband Communications), solutions for the hand (Mobile and Wireless) and solutions for network infrastructure (Enterprise and Networking).
tdp2664Penny Stock Live
RPC, Inc. (NYSE:RES) dropped 6.67% to $26.60. Goldman Sachs initiated its coverage on RPC Inc. with a Sell rating and $21 price target. In the past one month of trading sessions, the stock jumped more than 19% and is up more than 155% year-to-date. The company provides a range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States. Atwood Oceanics, Inc. (NYSE:ATW) fell 4.83% to $35.83. The company posted fourth quarter net income of $64.2 million or $0.99 per share, compared to $48.3 million or $0.75 per share in the year-ago period. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share. Analysts’ estimates typically exclude special items. Revenues for the period were $160.6 million, compared to$131.0 million in last year period. Twelve Wall Street analysts expected revenues of $159.94 million. SunPower Corporation (NASDAQ:SPWRA) went down 5.45% to $12.48 on unusual volumes as an analysts at Wedbush downgraded the stock to Underperform from Neutral. SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. 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
There is a lot going on in the news as of late, and the expiration of the Bush tax cuts looms large on the minds of many, particularly small business owners. So the real question becomes, what should traders be watching or paying attention to before the light-volume Thanksgiving week? The answer is simple: Watch the tape! The market will provide plenty of clues, and it will eventually tip its hand. Experienced traders will wait for this process to unfold. At this point in time, it is a bit early to begin making predictions as to which direction the equities market will go. What we do know is that the market was oversold in the short term, so this could be a pause before prices turn lower. On the other hand, this could be the beginning of another bullish move breaking recent highs on its way to a Santa Claus rally. My stance is neutral at this point in time. S&P 1,200 should offer significant overhead resistance, while S&P 1,170 / 50-period moving average is near-term support. The chart listed below illustrates these key levels: If the index were to break out above S&P 1,200 on strong volume, it is likely that we will see a retest of the recent highs around the 1,220 area. Consequently, if it tests the S&P 1,170 area and fails, it will likely be magnetized to the 1,140-1,150 area. We will have our answers in due time, but until a definite direction is known, patience is warranted. Treasuries The ProShares UltraShort 20+ Year Treasury ETF (NYSE: TBT ) bounced off of the $36 level and put on a short-lived rally only to settle toward the bottom third of its recent price range. After the recent breakout, it would be constructive to see TBT consolidate before confirming a direction. The chart below shows the key levels on TBT: U.S. Dollar Instead of illustrating a gold chart, let us focus our attention on the U.S. Dollar Index. The chart below shows the dollar has pulled back and is now testing the 50-period moving average. I am anticipating a retest of the recent breakout over double-tops and this key level is illustrated below. If support holds firm, higher prices for the U.S. dollar in the near term will be likely. If you would like to receive my Free Options Strategy Guide & Trade Ideas, join this free newsletter .
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The Dow Jones Industrial Average finished in the green by 22.32 points or .20%. The move up allowed the Dow to close at 11,203.55. Trending was mostly positive for the Dow Jones Industrials after approximately 11 a.m. EST of the U.S. trading session. The Dow consistently moved above its previous day’s close at approximately 2p.m. EST of the U.S. trading session. The open for the day was 11,180.77 and the DJIA previous close was 11,181.23. The day’s range for the Dow Jones Industrial Average was a low of 11,119.24 and a high of 11,206.17. The 52 week range fr the Dow Jones was 9,596.04 to 11,505.80. Some top movers posting via Index components were HPQ in the green by 1.92%. DD in the green by 1.23%. AXP in the green by 1.18% and HD in the green by 1.13%. Hewlett-Packard Company ended its last trade at $42.49. E.I. du Nemours ended its last trade of the session at $47.10. American Express Company ended its last trade of the session at $42.75. Finally, Home Depot Inc ended its last trade at $31.22. Overall, after a volatile week, the Dow Jones Industrial Average and stocks in general close the session about flat. Minor movement ahead was posted, but the trended ebbed and flowed due mostly to unknowns relating to the rate of Chinese economic growth and the overall stability of European economies. Author: Frank Matto
It's reported on Friday November 19, 2010 that Japanese automaker Nissan Motor Co., Ltd. (ADR) PINK: NSANY will buy a 10% stake in Russia's biggest automobile manufacturer Avto VAZ (AVAZ.MM) in the coming year. According to the Russian technologies head Sergei Chemezov the Russian Technologies will sell 4% while Torika Dialog will sell 6% stake. Each one of Russian Technologies and Torika Dialog currently owns 25% of Avtovaz stake. In collaboration with partner Renault (RENA.PA) Nissan also has 25% stake in Avatovaz. According to the French company the alliance may increase its stake to 50%. Chemezov told that Russian Technologies valued Avatovaz at $2.8 to $2.9 billion in advance of the sale which would take place in the coming year. NISSAN MOTOR CO., LTD. is a Japan-based automobile manufacturer. The Company operates through two business segments. The Automobile segment is engaged in the planning, development, manufacture and sale of passenger vehicles, trucks, buses, marine vehicles, forklifts and related parts, the import and export of automobiles, as well as the transportation of vehicles to overseas markets. The Sales and Finance segment is engaged in the provision of credit card and leasing services, as well as non-life insurance services.
tdp2664Penny Stock Live
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| US Markets Fluctuate but Recover at the End of Friday Planet Insane The Dow Jones (INDEXDJX:.DJI) weakened by nine points to 11172 during the day. Among the weaker shares were Bank of America (NYSE:BAC) and Disney ... See all stories on this topic » | ||
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| TSX Venture Exchange opened on Friday at 1988.87, up 1.25 points Winnipeg Free Press TORONTO - The TSX Venture Exchange stood at 1988.87, up 1.25 points from Thursday's close. The volume at 10 am ET was at 34.9 million shares. ... See all stories on this topic » | ||
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| Today's Analysis Data for Dow Jones Industrial Average Index Values; DJIA; DJI ... Learning and Finance The Dow Jones Industrial Average finished in the green by 22.32 points or .20%. The move up allowed the Dow to close at 11203.55. ... See all stories on this topic » | ||
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| Old Gold's Gym building in for development Columbia Daily Tribune Previously owned by Sandy and John Merideth, the small restaurant is located inside The Market Place antiques mall at 1100 Business Loop 70 W. Summerfield ... See all stories on this topic » |
