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| Vietnam Permits Gold Imports Until End 2010 to Allow Price Moves BusinessWeek 25 (Bloomberg) -- Vietnam's central bank allowed gold imports into the country in an attempt to bring prices in line with those on the international gold ... See all stories on this topic » |
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| US Stocks Up As Retail Sector Rises On Improved Data;DJIA Up 123 Wall Street Journal By Jonathan Cheng NEW YORK (Dow Jones)--US stocks geared up for the holiday shopping season by snapping up retail stocks, erasing most of Tuesday's sharp ... See all stories on this topic » | ||
| Energy stocks join a broad pre-holiday rally MarketWatch By Jim Jelter, MarketWatch SAN FRANCISCO (MarketWatch) — Oil and gas stocks moved higher Wednesday, joining a 120-point rally in the Dow Jones Industrial ... See all stories on this topic » | ||
| US stocks soar amid data deluge Economic Times The blue-chip Dow Jones Industrial Average rose 96.27 points (0.87 per cent) to 11132.64 in opening trades. The S&P 500 index, a broader measure of the ... See all stories on this topic » |
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Gold for December delivery price per ounce moved ahead, as did Silver for December delivery price per ounce. Both precious metals were trending green as of last trade of the market session in the U.S. on the 23rd. The overall market fell yesterday and stayed in the red through end of day close. The primary slump stemmed from overseas news that North Korean and South Korean forces clashed. This was in addition to the already mounting apprehensions related to the European financial instability problems. Gold and Silver did rally under these conditions due to investors looking to attain position in safe havens. The dollar took off as well. Since the initiation of QE2, many expected the dollar to lose strength, but that has not been the primary case. One reason is due to the revised gross domestic policy report posting better than expected growth in the American economy in the third quarter. Even with the dollar gaining strength, Gold and Silver are growing in popularity due to the overseas volatility. Gold for December delivery moved higher by 1.46% and settled at $1,377.60 price per ounce. Silver moved higher by .40% and settled at $27.57 price per ounce yesterday. Gold is holding onto gains in world market trading and is expected to maintain levels during the U.S. session today. The dollar is expected to retain its relative strength and although the yellow metal and the greenback do not normally parallel trend, recent posts show gold holding steady at $1,375.99 an ounce. U.S gold futures did dip .2% to $1,375.80. Author: Camillo Zucari
Current Gold, Silver Price Per Ounce; December Delivery Contracts; Notes November 24th, 2010
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) dropped 3.24% to $98.70. The 52-week range of the stock is $56.71-$108.51. The stock went up more than 23% year-to-date. Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company. Southern Copper Corporation (USA) (NYSE:SCCO) fell5.31% to $41.94. The 52-week range of the stock is $25.56-$47.48. The stock opened at $42.87 and is trading within the range of $41.75-$43.17. At today`s closing market price, the market capitalization of the company stands at $35.65 billion. Southern Copper Corporation (SCC) is an integrated copper producer. The Company produces copper, molybdenum, zinc and silver. Taseko Mines Limited (USA) (AMEX:TGB) ended 3.86% lower at $4.48. The 52-week range of the stock is $2.98-$7.23. The stock opened at $4.57 and is trading within the range of $4.42-$4.61. At today`s closing market price, the market capitalization of the company stands at $836.87 Million. Taseko Mines Limited (Taseko) is a Canada-based company. Sterlite Industries India Limited (ADR) (NYSE:SLT) dropped 3.42% to $14.98. The 52-week range of the stock is $12.58-$20.10. The stock plunged more than 18% year-to-date. Sterlite Industries (India) Limited (Sterlite) is a non-ferrous metals and mining company. The Company is a subsidiary of Vedanta Resources plc (Vedanta).
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Newsworthy Stocks
Below are the top 10 U.S.-listed Chinese stocks with most analyst upgrades in the past four weeks, UPDATED TODAY before 4:30 AM ET. Sentiment on these stocks is turning more positive.
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 1st most analyst upgrades in the past four weeks. It was upgraded by 2 brokerage analyst(s) in this period. The stock is rated positively by 19 of the 26 analysts covering it. LDK Solar Co., Ltd. (NYSE:LDK) has the 2nd most analyst upgrades in the past four weeks. It was upgraded by 2 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 18 analysts covering it. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) has the 3rd most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 14 of the 21 analysts covering it. Mindray Medical International Limited (NYSE:MR) has the 4th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 10 of the 18 analysts covering it. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 5th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 10 of the 44 analysts covering it.
Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) has the 6th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 9 of the 14 analysts covering it. Melco Crown Entertainment Ltd (NASDAQ:MPEL) has the 7th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 7 of the 15 analysts covering it. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) has the 8th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 6 of the 9 analysts covering it. China Valves Technology, Inc. (NASDAQ:CVVT) has the 9th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 5 of the 5 analysts covering it. SinoHub Inc (AMEX:SIHI) has the 10th most analyst upgrades in the past four weeks. It was upgraded by 1 brokerage analyst(s) in this period. The stock is rated positively by 5 of the 5 analysts covering it.
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China Analyst
Top 10 U.S.-Listed Chinese Stocks with Most Analyst Upgrades: BIDU, LDK, CTRP, MR, STP, SOLF, MPEL, WX, CVVT, SIHI (Nov 24, 2010)
Here is another batch of news briefings which could affect stocks on world markets in trading later today. The following stocks should see some movement: Wells Fargo (NYSE:WFC), Sprint Nextel (NYSE:S), Abbott Laboratories (NYSE:ABT). Here is a more detailed look at the news that will affect each company when trading continues. Wells Fargo (NYSE:WFC) Wells Fargo (NYSE:WFC) has offered fraud prevention tips for the holiday season. Wells Fargo (NYSE:WFC) has offered fraud prevention tips to customers this holiday season. The new approach will be the best offer from the company for the holiday shopping. The tips will help the customers in their shopping- whether online, on a mobile device, or at a store. Lisa H. Robinson, senior vice president, Head of Risk Management, Wells Fargo(NYSE:WFC) Internet Services Group said "By taking simple precautions, shoppers can reap significant benefits when it comes to fraud prevention.” Sprint Nextel (NYSE:S) Sprint Nextel (NYSE:S) has agreed on an exchange of broadband PCS spectrum with AT&T Mobility. The bandwidth of 5 MHz to 10 MHz of A or B band will be covering areas around Denver, New Orleans, Honolulu, San Francisco and elsewhere. The transaction, detailed in FCC filings, is geared towards improving each carrier’s respective wireless coverage. AT&T paid Sprint Nextel (NYSE:S) $59 million for the spectrum in parts of Colorado, Oklahoma, Florida and elsewhere in a similar exchange program in 2009. Abbott Laboratories (NYSE:ABT) It was reported that Abbott Laboratories (NYSE:ABT) has made a major advancement in renal medicine. In a phase II trial conducted in patients with diabetic kidney disease, Abbott Laboratories (NYSE:ABT)'s Atrasentan has shown promising indication that it could be a useful tool in helping to slow down progression of the illness. Results from this Phase suggest that adding atrasentan with renin-angiotensin system (RAS) inhibitors could help reduce albuminuria – the presence of protein in urine and a primary marker for diabetic nephropathy. We may see more movement when trading continues for Wells Fargo (NYSE:WFC), Sprint Nextel (NYSE:S) and Abbott Laboratories (NYSE:ABT).
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E money daily
Oracle Corporation (NASDAQ:ORCL) shares are currently trading at $27.67, a gain of 1.77% from previous closing price of $27.19. The company's shares have 52-week trading range of $29.82 – $21.24. The stock is trading at volume of 3.12 million shares. The market capitalization of the company is $139.07 billion. The daily average volume of stock is 38.48 million shares. The 1-year target estimate is $32.00. Recently, the company was awarded $1.3 billion in damages due to SAP allegedly stealing a stockpile of software and customer-support documents from password-protected Oracle websites. Oracle Corporation develops, manufactures, markets, distributes and services database and middleware software, applications software and hardware systems, consisting primarily of computer server and storage products. 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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Hot Stocks: KB Financial Group Inc. and Frontline Ltd. Schaeffers Research – 1 hour ago The Dow Jones Industrial Average (DJIA) has rebounded sharply this morning, rallying more than 130 points following a wave of solid economic data. As a result, the Dow is trading back above former …
Hot Stocks: KB Financial Group Inc. and Frontline Ltd.
Here is your daily AAPL (NASDAQ: AAPL ) stock news and rumors report for Nov. 24, 2010. iOS 4.2 is still cooling in users’ iPhones and iPads today, but iOS 4.3 is rumored to be right around the corner and it could bring a whole new way of doing business on Apple’s handhelds. Next, a Wall Street Journal report shows that the secret to Apple’s gains on Research in Motion’s enterprise business is RIMM employees. Finally, a new International Trade Commission is investigating the sale Motorola phones in the United States because allegations that they impinge on Apple’s multi-touch patents. iOS 4.3 Coming in December, Features App Subscriptions: While the latest major update for Apple’s mobile devices, iOS 4.2, just hit the public two days ago, rumor is that iOS 4.3 could be coming to iPhones, iPod Touches and iPads in just two short weeks. It’s unlikely that the update will be as robust as the iOS 4.2 update that introduced a plethora of welcome new features to the iPad including multitasking, folder creation and the ability to wirelessly stream video and music from an Apple handheld to a television through AirPlay. Nonetheless, iOS 4.3 may prove revolutionary for business on the mobile operating system when (and if) it releases in mid-December. According to a rumor at MacStories citing an anonymous source, the iOS 4.3 update due in December will introduce recurring app subscriptions to the platform, allowing users to set up recurring payments for automatically updated applications. The renewing app that will launch the new App Store business model will be the oft-rumored app newspaper The Daily that is being co-developed by Apple and News Corp. (NYSE: NWS ). Rumors earlier this week said that News Corp. and Apple will unveil The Daily and the new recurring subscription app model at a media event Dec. 9, and MacRumors unnamed source says that both should launch with iOS 4.3 on Dec. 13. Investors should pay close attention as subscription-based apps could, if successful, create a steady source of revenue on mobile application storefronts beyond single app and in-app sales. Research in Motion Enterprise Sales Team Move to Apple: Research in Motion ( NASDAQ: RIMM ) can’t be happy about the back half of 2010. Even though the BlackBerry Torch is reportedly selling well through carriers like AT&T (NYSE: T ), the one-time leader of the smartphone market has watched its market share evaporate as phones powered by Google’s (NASDAQ: GOOG ) Android sell in greater numbers and Apple further solidifies itself as a major competitor in the broader mobile market. The Worldwide Quarterly Mobile Phone Tracker report from International Data Corp. published earlier this fall saw Apple finally overtake Research in Motion, becoming the No. 4 leading mobile phone manufacturer in the world. Apple achieved this goal thanks to significant gains in the enterprise market, the same sector that has been the backbone of RIMM’s business for years. A new report from The Wall Street Journal says that part of Apple’s strategy for poaching RIMM’s business has been poaching its sales staff. Five key members of RIMM’s enterprise sales team have crossed over to Apple in the last 18 months, according to the report. The list includes RIMM’s former Head of Strategic Sales Geoff Prefect, who joined Apple in April 2009, as well as RIMM’s three Global Strategic Account Managers – Paul Alvarez, Steve Marshall and Peter Decker — who made the jump this year. Fomer RIMM Senior Global Sales Manager Joe Bartlett is also now an Apple employee. These individuals have been instrumental in increasing enterprise adoption of not just Apple’s iPhone as a BlackBerry alternative, but also the iPad. ITC Investigates Motorola’s Smartphone Technology: Bloomberg is reporting that the U.S. International Trade Commission is starting an investigation of Motorola’s (NYSE: MOT ) smartphone technology. The investigation comes after Apple filed suit against Motorola in October for allegedly impinging on a number of Apple’s multi-touch touch-screen related patents. That suit was filed in response to Motorola’s attempt to have 11 of Apple’s iPhone related patents nullified earlier this year. If the ITC finds that Motorola has indeed impinged on Apple’s multi-touch patents, Motorola could be blocked from importing and selling its popular smartphones, including the Droid line, in the United States. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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FTSE 100 seen higher ahead of US jobless claims and home sales data Proactive Investors UK – 14 hours ago Silver miner Fresnillo (LON:FRES) and engine and turbine manufacturer Rolls-Royce (LON:RR) were the top performers among the blue chips with gains of about 1.5%. Gold producer Randgold Resources …
Buy Gold RFN urges the Mogambo with characteristic FMP…
IT WAS with regret that I read on Reuters that “World Bank President Robert Zoellick said on Wednesday he was not advocating a return to a gold standard for exchange rates, but described the metal as ‘the elephant in the room’ that policymakers needed to acknowledge,” writes the Mogambo Guru at The Daily Reckoning.
What a wimpy attitude! Now I can go back to regarding Mr. Zoellick as just another neo-Keynesian pencil-necked geek moron with a dorky haircut and an ill-fitting suit who thinks he understands equations but knows little about economics.
I, on the other hand, say that any economist who knows what he is talking about would LOVE to see a return to a Gold Standard, and thus take control of the money supply out of the hands of evil men, each with their nasty secret agendas, conspiracies and cabals forming and dissolving in a swirling cauldron of corruption, and thus return the country to a blissful “golden age” where prices stayed the same, or gently fell, while quality and quantity improved, handing the whole cornucopia of blessings and benefits of free enterprise in a capitalist system to the economy and to the grateful, prosperous, happy people.
This is where I write in my notes “Wait for the thunderous applause from the crowd, giddy with excitement at your Fabulous Mogambo Profundity (FMP).” But I don’t have to wait long, as there is no applause. No bouquet of roses. No placing of a tiara upon my head. No nothing.
Instead, I got Mr. Zoellick saying to the Foreign Correspondents Association;
“I don’t believe you can return to a fixed exchange rate system and that is the gold standard,” and later saying, “I’m not advocating a return to the 19th century when money supply was linked to gold.”
Naturally, I consider this to be so idiotically wrong that I advocate that we, meaning you, go en masse to the World Bank, arrest everybody, tear the building to the ground, burn the rubble and scatter the ashes, which shows you how dreadfully wrong he is, and makes you wonder why (“Hmmm! I wonder why!”) anyone would pay attention to this idiot who advocates for an expanding fiat currency which will increase the suffering of the poor and indigent by deliberately causing high inflation in prices, which is not to mention the impoverishment of everybody and every asset as a result of the dollar being devalued!
Feeling a particular ugliness come over me, I leap to my feet and shout:
“What an inhuman bastard! And just like all the rest of his banker trash ilk, not to sugar-coat it any more than necessary to keep my head from exploding in a fit of Wild Mogambo Outrage (WMO)!”
Well, my head did not explode, even though the inflation in prices that comes from such irresponsible expansions of the money supply, that jerks like Robert Zoellick and Ben Bernanke embarrass themselves over, must already be showing up to the extent that even idiot bond buyers (as idiots are the only ones buying bonds at such high prices that they yield almost nothing) are selling bonds, and suddenly the US Treasury yield curve got seriously-unbent recently, as the price of the 5-year note went down enough to bring up the middle of the yield curve by an entire percent! One percent increase in yield in one week! And even the 30-year bond went up in yield as their prices fell.
This means that the decline in the prices of 5-year and 1-year debt handed huge unrealized losses to an entire world full of idiots stupid enough to own massive amounts of US government debt paying historically-low, abnormally low, insanely-low yields, all thanks to the foul Federal Reserve insanely creating the money to buy them, flooding the system with money, making your greedy “dark side” scream out:
“Short bonds, you moron! It’s one of those ‘once-in-a-lifetime’ can’t-miss, sure-fire deals, especially since bonds are already so overpriced that they are yielding less than half the rate of inflation Right Freaking Now (RFN)!”
You try to ignore that inner voice because you are too chicken for that kind of gamble since you've seen the foul, corrupt Federal Reserve simply create the money to buy bonds to make their prices stay up, and even go up, handing lots of losses to the shorts.
So you stick conservatively with Buying Gold, silver and oil when the desperate and clueless Federal Reserve is creating So, So Much, Much Money (SSMMM), a move that is so obvious and so simple that even complete morons like me can do it, and shout, “Whee! This investing stuff is easy!” when we do it!
Buy Gold at the lowest prices, sell it instantly – at live “spot” market prices – with no risk of counterparty default – using world No.1 online, BullionVault…
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| Gold Prices Slip as Volumes Thin TheStreet.com The spot gold price Wednesday was down $1.10, according to Kitco's gold index. Gold prices were losing steam after their $20 rally Tuesday as investors ... See all stories on this topic » |
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| US Stocks Surge As Economic Data Top Expectations; DJIA Up 126 Wall Street Journal By Jonathan Cheng NEW YORK (Dow Jones)--US stocks surged on an improving domestic economic picture, erasing most of Tuesday's sharp declines ahead of the ... See all stories on this topic » | ||
| Stock open higher on drop in jobless claims The Associated Press The Dow Jones industrial average rose 90, or 0.82 percent, to 11126, in morning trading. The Standard & Poor's 500 index gained 9.8, or 0.83 percent, ... See all stories on this topic » | ||
| Financial stocks bounce back a bit MarketWatch Among the financial stocks in the Dow Jones Industrial Average, Bank of America (NYSE:BAC) and American Express (NYSE:AXP) each rose about 1.5%, ... See all stories on this topic » | ||
| Stocks bounce back from previous day's declines Montreal Gazette On US stock markets, the Dow Jones industrial average was up 98.05 points, or 0.89 per cent, to 11134.42 shortly after the open. The Nasdaq composite index ... See all stories on this topic » |
Yesterday, stocks again traded on the news of the day and the headlines weren’t pretty: Possible war in Korea, a resurgence of Europe’s debt crisis, China’s monetary tightening, a major insider trading probe of Wall Street firms, and a downgrade of the Fed’s projections for the U.S. economy. With stock markets closed on Thursday and a short session on Friday, there were some traders who obviously just want to exit positions and avoid risk. Only one stock of the 30 Dow Industrials rose, and that was Hewlett-Packard Company (NYSE: HPQ ), up 2.2% as a result of better-than-expected earnings coupled with higher future earnings guidance. But another big technology stock, Microsoft Corporation (NASDAQ: MSFT ), led the decliners, falling 2.4%. The U.S. dollar rose 1.3% as investors sought its safety. It was the biggest one-day advance for the buck in two months. And the European sovereign debt problem drove the 10-year Treasury note up 16/32 to a yield of 2.813%. At the close, the Dow Jones Industrial Average lost 142 points at 11,037, the S&P 500 fell 17 points to 1,181, and the Nasdaq lost 37 points at 2,495. The NYSE traded just over 1 billion shares and the Nasdaq traded 525 million shares. Decliners outnumbered advancers by about 3-to-1 on both exchanges. Crude oil for delivery in January fell 49 cents to settle at $81.25 a barrel. The Energy Select Sector SPDR (NYSE: XLE ) was off $1.24, closing at $62.15. December gold rose $19.80 to $1,377.60 an ounce. The PHLX Gold/Silver Sector Index (NASDAQ: XAU ) fell 2.23 points to close at 212.5. What the Markets Are Saying With so much bad news around, the remarkable thing about yesterday’s decline was that it wasn’t worse. Just weeks ago, a single crisis of the magnitude of any of yesterday’s heart-pounders would have driven stocks down several hundred Dow points. Instead, the Dow fell 1.27% and the S&P 500 was down 1.43%, which makes the reaction to the bad news look like an ordinary day of profit-taking with decliners ahead by 3-to-1. It’s impossible to predict the outcome or full impact of the North Korean attack on its neighbor, so uncertainty hung like a cloud over trading yesterday, and we all know how Wall Street feels about that. However, not only did stocks have a modest day down but they ended the day with a small rally. The support at Dow 11,000 held, as did the oft-repeated support line of the S&P 500 at 1,174, and the 50-day moving averages of the major indices held as well. The Nasdaq even closed the trading gap at 2,456 to 2,502, which was opened last Thursday, and rallied to the midpoint of the day’s trading range. So the day ended with stocks acting much better than anyone could have imagined. That is an encouragement to the bulls, and if we can get through the remainder of this holiday week with little damage, we may even launch into December with a meaningful rally. If that happens, this ETF could pay big . A friend sent a simple but meaningful Thanksgiving card to me yesterday morning that I will pass on to you: Take time to appreciate your family, friends, and all the joyful memories that make Thanksgiving so special. Today’s Trading Landscape To see a list of the companies reporting earnings today, click here . For a list of this week’s economic reports due out, click here . If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .
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dow2664
Top 10 Rebounding Dow 30 (DJIA) Stocks: CAT, PG, DD, AA, MCD, VZ, KO, DIS, BA, IBM (Nov 24, 2010) China Analyst – 14 minutes ago Below are the top 10 rebounding Dow Jones Industrial Average (DJIA, INDEXDJX:.DJI) stocks, UPDATED TODAY before 4:30 AM ET. These companies are interesting turnaround stories. Caterpillar Inc …
Top 10 Rebounding Dow 30 (DJIA) Stocks: CAT, PG, DD, AA, MCD, VZ, KO, DIS, BA, IBM (Nov 24, 2010)
Surely not! Buying Gold AND buying the US Dollar…?!
In THE LATEST ISSUE of True Wealth, one of my recommendations was to BUY the US Dollar, writes Dr. Steve Sjuggerud in his Daily Wealth email.
The Dollar now is a simple story. It’s cheap, hated, and we have the start of an uptrend… It’s what we look for in True Wealth, so we’re buying.
But paid-up subscriber Jeff called me out on it. In an e-mail, he said:
“Isn’t it highly likely that if the Dollar rises and the Euro declines, that silver and gold will decline?”
Great question, Jeff!
I’ve probably had more subscribers cancel over this idea (Buying Gold AND buying the Dollar) than anything else in the history of True Wealth.
Why? They call me crazy. They say, “You can’t bet on a rise in both gold AND the Dollar. When one goes up, the other goes down.”
That’s right…in theory. But occasionally, theory and practice differ. We’ve successfully capitalized on this numerous times in True Wealth.
The last two times were:
Both times, the Dollar went up (the Euro went down), as predicted. And both times, gold went up, too.
It looks like it’s happening again. Just yesterday, the Dollar was up (the Euro was down) and gold was…up! Readers tell me it can’t happen. But it does. And we’ve made money on it.
We’re going to again. As I said, the dollar is cheap, hated, and now in an uptrend.
My friend Jason Goepfert does a fantastic job of tracking investor sentiment at www.SentimenTrader.com. His charts clearly shows investors are bearish on the dollar… the most bearish they’ve been this year.
You can also see the Dollar has started an uptrend, from 76 to 79 on the trade-weighted foreign currency index.
Will it hold? I don’t know. But this chart shows the Dollar is hated, and it shows the start of an uptrend.
What about cheap? From firsthand experience last week, I know the Dollar is cheap. Last week, I was in Europe. The Dollar was so cheap, it was near worthless. Here are some actual prices we paid: $90 for pizza and Cokes for four at a small-town pizzeria…$20 for a cheeseburger at a diner…$6 for a soda. (I loved the trip…but I was glad to get back home!)
The Dollar rose in 2005…and so did Gold Prices, The Dollar rose in the first half of 2010…and so did gold.
So can both gold and the dollar rise in the first half of 2011? Yes.
Want to get physical? Buy Gold live online at BullionVault today…
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The book What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions by Meir Statman covers the latest buzzword on Wall Street, ‘behavioral finance.’ This is the study of why investors make the mistakes they do from an emotional and psychological standpoint. Statman discusses what goes through the minds of investors when they make decisions, how investors look at risk versus reward, and how to deal with the would-have, could-have, and should-have of financial losses. The book shows how to recognize your own emotions when you decide what, where, and when to invest. As a fan of the history of bubbles and scams, I really enjoyed chapter 5, We Join Herds and Inflate Bubbles . The herd mentality cuts across all countries, cultures, ethnic groups, and income levels. Plenty of related stories are included in this chapter, along with all other chapters. In addition, all references are annotated with very extensive endnotes. If you want to find out more about the science of investor behavior, get What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions .
Tiffany & Co. (NYSE:TIF) shares are currently trading at $60.49, a gain of 3.81% from previous closing price of $58.27. The company's shares have 52-week trading range of $59.59 – $35.81. The stock is trading at volume of 1.36 million shares. The market capitalization of the company is $7.63 billion. The 1-year target estimate is $60.00. Today, the company reported its third quarter financial results 2010, with net revenues at $681.7 million, an increase of 14% as compared with the previous year. The worldwide net and comparable store sales increased 12% and 7%, respectively. The net earnings from continuing operations increased 27% to $55.1 million, or $0.43 per diluted share, as compared to $43.3 million, or $0.34 per diluted share, last year. The earnings in 2010's third quarter include $0.03 per diluted share of expenses related to the pending relocation of Tiffany's New York headquarters staff. This quarter demonstrated its expanding, globally diversified store presence to provide a significant platform to generate sustainable sales and earnings growth. The company expects sales to increase approximately by 12% for 2011. The net earnings from continuing operations excluding nonrecurring items are expected in the range of $2.72 – $2.77 per diluted share. Tiffany & Co. is a jeweler and specialty retailer whose principal merchandise offering is fine jewelry. 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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Top Pre-Market NASDAQ Losers (TSTC, ACGY, VOD, GOLD, ARMH) IBTimes Hong Kong – 1 hour ago The top pre-market NASDAQ stock market losers are: Telestone Technologies, Acergy SA, Vodafone Group, Randgold Resources, and ARM Holdings. Telestone Technologies Corp. (TSTC) lost 10.83 percent …
Below are today's top 10 focus stocks. These momentum stocks are attracting a lot of interest from traders. One Chinese company (CRTP) is on the list.
J. Crew Group, Inc. (NYSE:JCG) is today's 1st best focus stock. Its daily price change was 16.8% in the previous trading day. Its upside potential is -10% based on brokerage analysts' average target price of $40 on the stock. It is rated positively by 36% of the 22 analyst(s) covering it. Its long-term annual earnings growth is 16% based on analysts' average estimate. Brown Shoe Company, Inc. (NYSE:BWS) is today's 2nd best focus stock. Its daily price change was 16.2% in the previous trading day. Its upside potential is 15% based on brokerage analysts' average target price of $16 on the stock. It is rated positively by 17% of the 6 analyst(s) covering it. Its long-term annual earnings growth is 15% based on analysts' average estimate. Dycom Industries, Inc. (NYSE:DY) is today's 3rd best focus stock. Its daily price change was 11.8% in the previous trading day. Its upside potential is 5% based on brokerage analysts' average target price of $13 on the stock. It is rated positively by 60% of the 5 analyst(s) covering it. Its long-term annual earnings growth is 6% based on analysts' average estimate. Affymax, Inc. (NASDAQ:AFFY) is today's 4th best focus stock. Its daily price change was 9.3% in the previous trading day. Its upside potential is 34% based on brokerage analysts' average target price of $10 on the stock. It is rated positively by 44% of the 9 analyst(s) covering it. Its long-term annual earnings growth is 28% based on analysts' average estimate. MedAssets, Inc. (NASDAQ:MDAS) is today's 5th best focus stock. Its daily price change was 8.2% in the previous trading day. Its upside potential is 42% based on brokerage analysts' average target price of $26 on the stock. It is rated positively by 83% of the 23 analyst(s) covering it. Its long-term annual earnings growth is 21% based on analysts' average estimate.
Inhibitex, Inc. (NASDAQ:INHX) is today's 6th best focus stock. Its daily price change was 7.9% in the previous trading day. Its upside potential is 104% based on brokerage analysts' average target price of $5 on the stock. It is rated positively by 75% of the 4 analyst(s) covering it. Its long-term annual earnings growth is 0% based on analysts' average estimate. inContact, Inc . (NASDAQ:SAAS) is today's 7th best focus stock. Its daily price change was 7.3% in the previous trading day. Its upside potential is 1% based on brokerage analysts' average target price of $3 on the stock. It is rated positively by 25% of the 4 analyst(s) covering it. Its long-term annual earnings growth is 15% based on analysts' average estimate. Genesco Inc. (NYSE:GCO) is today's 8th best focus stock. Its daily price change was 6.6% in the previous trading day. Its upside potential is 5% based on brokerage analysts' average target price of $41 on the stock. It is rated positively by 80% of the 10 analyst(s) covering it. Its long-term annual earnings growth is 16% based on analysts' average estimate. Signet Jewelers Ltd. (NYSE:SIG) is today's 9th best focus stock. Its daily price change was 5.7% in the previous trading day. Its upside potential is -1% based on brokerage analysts' average target price of $39 on the stock. It is rated positively by 63% of the 8 analyst(s) covering it. Its long-term annual earnings growth is 13% based on analysts' average estimate. China Ritar Power Corp. (NASDAQ:CRTP) is today's 10th best focus stock. Its daily price change was 5.7% in the previous trading day. Its upside potential is 125% based on brokerage analysts' average target price of $7 on the stock. It is rated positively by 100% of the 3 analyst(s) covering it. Its long-term annual earnings growth is 30% based on analysts' average estimate.
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Top 10 Focus Stocks of The Day: JCG, BWS, DY, AFFY, MDAS, INHX, SAAS, GCO, SIG, CRTP (Nov 24, 2010)
Petroleo Brasileiro SA (ADR) (NYSE:PBR) dropped 2.20% to $32.03. The 52-week range of the stock is $31.21-$53.46. The stock slumped more than 33% year-to-date. Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company. Nabors Industries Ltd. ( NYSE:NBR) fell 4.90% to $21.33. The 52-week range of the stock is $15.54-$27.05. The stock opened at $21.99 and is trading within the range of $21.14-$22.00. At today`s closing market price, the market capitalization of the company stands at $6.09 billion. Nabors Industries Ltd. (Nabors) is a drilling contractor that conducts oil, gas and geothermal land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. SandRidge Energy Inc. (NYSE:SD) ended 1.69% lower at $5.23. The 52-week range of the stock is $3.87-$11.08. The stock opened at $5.25 and is trading within the range of $5.21-$5.34. At today`s closing market price, the market capitalization of the company stands at $2.12 billion. SandRidge Energy, Inc (SandRidge) is a natural gas and oil company.
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Newsworthy Stocks
Here are some more breaking stock news briefs which could see some changes on the markets later. The following companies should see some movement: Royal Dutch Shell plc (LON:RDSA), Tesco PLC (LON:TSCO), Diageo plc (LON:DGE). Here is a more detailed look at the news that will affect each company when trading continues. Royal Dutch Shell plc (LON:RDSA) It has been reported that Royal Dutch Shell plc (LON:RDSA)'s India terminal may receive LNG cargo in November. According to the ship transmission data, Royal Dutch Shell plc (LON:RDSA)'s terminal on India's west coast may receive at least one liquefied natural gas cargo this month. Catalunya Spirit, a tanker owned by Teekay Corporation, is scheduled to reach Royal Dutch Shell plc (LON:RDSA)'s Hazira LNG terminal on November 27, possibly carrying a cargo from Trinidad & Tobago. Royal Dutch Shell plc (LON:RDSA) opened its Hazira terminal to Gujarat State Petroleum Corporation, allowing a third party to use it for the first time. Tesco PLC (LON:TSCO) Tesco PLC (LON:TSCO) Bank has decided to live on the signature bank platform from Fiserv. Tesco PLC (LON:TSCO) has launched its first product, the Tesco PLC (LON:TSCO) Bank Fixed Rate Saver, on the Fiserv platform on October 6, 2010. Tesco PLC (LON:TSCO) Bank announced its selection of Fiserv in November 2009 based on its ability to provide an innovative, end-to-end banking solution that is proven in markets around the world. In addition to the Signature, account processing and servicing platform, the strategic implementation from Fiserv for Tesco PLC (LON:TSCO) Bank will introduce enhancements in online banking with Corillian(R) Online and customer interaction and campaign management with Aperio(TM). Additional Fiserv solutions are also being provided to the bank in the areas of financial crime prevention, reconciliation management and electronic document management solutions. Diageo plc (LON:DGE) Diageo plc (LON:DGE) has announced that it is seeking to buy Industrias' super-premium rum brand. The discussion with Industrias Licoreras de Guatemala over the Latin American group’s Zacapa Centenario rum brand includes a preference to buy a 50% share in the label. The combined promotion deal signed in February 2008 for the “super-premium” rum will expire next year. A Diageo spokesman said that the companies are in talks “about the future of our relationship” and that they are continuing works on building the brand. We could possibly see more movement when trading continues for Royal Dutch Shell plc (LON:RDSA), Tesco PLC (LON:TSCO) and Diageo plc (LON:DGE).
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Retailers are preparing for the beginning of the holiday shopping season in the U.S. and it all begins this week. Black Friday is the name given to the Friday that falls after Thanksgiving. It is the day that many retailers expect to see their sales increase and take their books out of the red ink and into the black ink. Analysts are closely watching the outcomes from this weekend to determine if this holiday shopping season will give a positive boost to the economy in America and help the overall economic recovery. Predictions are positive as indicators are revealing that consumer spending will be more than it was at this time last year. Black Friday is expected to be just the beginning of a successful holiday shopping season. The season is generally about six weeks long and the traditional start is Black Friday, this November 26th. Consumers are expected to come out in droves this year and consumer spending is expected to increase as some analysts are predicting that consumer spending will increase approximately 3% this year compare to last year at the same time. Toy R Us is so excited that they are posting that some stores will open early on Thanksgiving night at 10 p.m. Old Navy is opening at midnight on Friday morning and Kohls is opening at 3 a.m. Target and Walmart are offering free shipping. Retailers are excited to begin the rush and expectations are positive. Markets are trending green right now and the hope is that this trending will continue through the holiday weekend. Author: Stephen Johnson
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| At the open: Dow, TSX rebound Globe and Mail (blog) In Canada, the S&P/TSX composite index rose 52 points or 0.4 per cent, to 12846. The US Labor Department reported that jobless claims fell by 34000, ... See all stories on this topic » |
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| Treasurys Fall On US, German Data Before 7-Year Notes Auction Wall Street Journal By Min Zeng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Treasurys fell for the first time this week Wednesday as improving US employment and German ... See all stories on this topic » | ||
| Brazil Petrobras To Raise $30B-$40 Bln Over Next 5 Years -CEO Wall Street Journal RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will tap credit markets for as much as $40 ... See all stories on this topic » | ||
| Genzyme: All Filling, Finishing For US Transferred From Allston Wall Street Journal By Thomas Gryta Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Genzyme Corp. (GENZ) has moved the last stage of production out of its long-troubled Allston, ... See all stories on this topic » | ||
| US STOCKS SNAPSHOT-Wall St opens up on jobs, spending data Reuters The Dow Jones industrial average .DJI was up 87.60 points, or 0.79 percent, at 11123.97. The Standard & Poor's 500 Index .SPX added 10.12 points, ... See all stories on this topic » | ||
| New Home Sales Tumble Wall Street Journal Economists surveyed by Dow Jones Newswires had expected sales would rise 2.3% to an annual rate of 314000 in October. October's new home sales figure is ... See all stories on this topic » | ||
| Canada Bonds Move Lower, Despite Rally In US Treasurys Wall Street Journal By Karen Johnson Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canadian bonds moved lower on Tuesday, weighed by stronger-than-expected inflation data, ... See all stories on this topic » |
