Monday, December 13, 2010

Google Alert - gold prices today

News1 new result for gold prices today
 
Gold futures up on firm Asian cues
Economic Times
New Delhi: Gold futures prices surged by Rs 97 to trade at Rs 20880 per ten grams today, as speculators enlarged their positions, taking firm cues from the ...
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Google Alert - dow jones stocks

News1 new result for dow jones stocks
 
GETTING PERSONAL CANADA: Time To Switch To Stocks From Bonds
Wall Street Journal
By Ben Dummett Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--In the face of continued economic uncertainty, the relative safety of bonds may make them ...
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Google Alert - crude prices today

News3 new results for crude prices today
 
Gold and Crude Forecast 14 December 2010
Benzinga
Crude oil also followed Gold and the US dollar weakness support the price. Yesterday our selling price met @$88.9. Today we need to see the outcome of Fed ...
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China Stocks Fluctuate; PetroChina Declines, UFIDA Advances
BusinessWeek
Other energy companies also fell as crude prices declined from a four-day high in New York. China Petroleum & Chemical Corp., Asia's biggest oil refiner, ...
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Oil Volatility Weakens as Futures Climb on China Fuel Demand
Bloomberg
By Samantha Zee - Mon Dec 13 21:39:11 GMT 2010 Oil options volatility weakened as the underlying crude futures rose the most in a week after China left ...
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Google Alert - Antiques Gold

News1 new result for Antiques Gold
 
James Selig and Central Street Antiques and Auctions
Antiques and the Arts Online
Large collections of sterling silver flatware, tea sets, oriental silver & Asian antiques, William Spratling silver box & other Mexican sterling, ...
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Antiques and the Arts Online


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Google Alert - gold prices today

News1 new result for gold prices today
 
Gold Rocks On In Asia As $1400 Broken
India Infoline.com
MCX Gold futures are expected to witness a strong start as the prices cruised above $1400 per ounce in Asian trades today, rallying after a smart intraday ...
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Google Alert - dow jones today

News2 new results for dow jones today
 
Argentina's Stocks, Bonds Rise On Hope For US Tax Deal
Wall Street Journal
By Taos Turner Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Argentine stocks and bonds rose Monday partly on expectations that the US Congress will ...
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Auto Group Members Say Chief Lobbyist In DC Has Resigned
NASDAQ
By Josh Mitchell, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The auto industry's chief lobbyist in Washington has resigned to take a similar post in ...
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Google Alert - gold prices today

News1 new result for gold prices today
 
Gold Advances as Demand for Metal as Wealth Protector Sustained
BusinessWeek
"Investment demand for the metal is definitely there," said Wallace Ng, executive director at ABN Amro Bank NV in Hong Kong, said today by phone. Gold has ...
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Google Alert - TSX

News1 new result for TSX
 
DISCOVERY AIR INC. (TSX: DA.A) ANNOUNCES $4.0 MILLION IN NET EARNINGS FOR ITS ...
DigitalJournal.com (press release)
YELLOWKNIFE, NWT, Dec. 13 /CNW/ - "I am pleased to report that Discovery Air's revenues and earnings in the third quarter and year-to-date, continued to ...
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Google Alert - gold prices today

News1 new result for gold prices today
 
Orvana Reports Annual Results for Fiscal 2010
Marketwire (press release)
Some of these risks, uncertainties and factors include fluctuations in the price of gold, silver and copper; the need to recalculate estimates of resources ...
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Google Alert - TSX

News1 new result for TSX
 
TSX Venture Exchange closed 6.45 points higher at 2130.75 on Friday
Winnipeg Free Press
TORONTO - The TSX Venture Exchange closed Friday at 2130.75, up 6.45 points. The volume was 421.8 million shares. You can comment on most stories on ...
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Google Alert - dow jones stocks

News1 new result for dow jones stocks
 
Peru's Main Stock Indexes End Higher; Sol A Bit Stronger
Wall Street Journal
LIMA (Dow Jones)--Peru's main stock market ended higher Monday as gold and other metal prices rose, boosting key mining company stocks. ...
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Google Alert - dow jones and nasdaq live

News1 new result for dow jones and nasdaq live
 
Australian stocks stronger
Ninemsn
On Wall Street, the Dow Jones Industrial Average edged up 18.24 points (0.16 per ... The tech-rich Nasdaq slipped 12.63 points (0.48 per cent) to 2624.91, ...


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Google Alert - TSX

News2 new results for TSX
 
TSX closes up 56 pts. on investor relief over China
CTV.ca
The S&P/TSX composite index closed up 56.39 points at 13295.86, well off early highs as gains in base and precious metal stocks moderated in the afternoon. ...
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Goldcorp says Cerro Negro project wins OK for environmental impact assessment
Winnipeg Free Press
VANCOUVER - Goldcorp Inc. (TSX:G) said Monday the Cerro Negro gold project in Argentina has received approval of its environmental impact assessment, ...
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Google Alert - dow jones today

News4 new results for dow jones today
 
Markets Struggle in Final Minutes of Trading
New York Times
By CHRISTINE HAUSER The Dow Jones industrial average and the Standard & Poor's 500-stock index lost ground in the final minutes of trading on Monday, ...
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Peru Army Head Denies Drug Link Alleged In Memo On WikiLeaks
Wall Street Journal
LIMA (Dow Jones)--Gen. Paul da Silva, the head of Peru's army, denied Monday any links to the illegal drug trade and blamed a former US ambassador for ...
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CREDIT MARKETS: High-Grade Issuance Aplenty As Treasurys Recover
Wall Street Journal
By Michael Aneiro Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Investment-grade companies churned out bonds Monday in the wake of a run-up in Treasury ...
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Stocks Lose Momentum as Senate Votes on Tax Bill
Forbes
The Dow Jones industrial average posted a narrower 18 point gain for the day at 11428, the Nasdaq lost 12 points at 2624 and the S&P 500 gained less than a ...
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Google Alert - gold prices today

News3 new results for gold prices today
 
Gold Price Today: Read This before You Make a Costly Trade or Gold Investment
Nothing But Buzz
The sudden increase in gold prices also brought back many investors who had either sold last week or were contemplating selling. Gold had lost some two ...
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Nothing But Buzz
Goldcorp (GG) Up 1.2% Along With Rising Gold Prices
Market Intelligence Center
The stock is trading higher today along with rising gold prices which are up $13.00 an ounce today to $1397.90. S&P does not currently have a STARS rating ...
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Sell Bernanke and the US Dollar, Buy Gold and Silver
The Market Oracle
"[The rising gold price is] strictly a monetary phenomenon...an indication of a very early stage of an endeavor to move away from paper currencies. ...
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Google Alert - TSX

News5 new results for TSX
 
The close: Dow, TSX slide into finish
Globe and Mail (blog)
In Canada, the S&P/TSX composite index closed at 13295.86, up 56.39 points or 0.4 per cent. The index had been up as much as 120 points earlier. ...
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S&P/TSX Index to Gain 11 Component Stocks, Including Air Canada
BusinessWeek
The S&P/TSX has gained 13 percent this year to 13239.47. It currently has 234 members, according to data compiled by Bloomberg. The changes are a result of ...
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Most actively traded companies on the TSX, TSX Venture Exchange markets
CanadianBusiness.com
(TSX:FNV) is acquiring Gold Wheaton for $830 million in cash and stock. Franco-Nevada shares were down $1.26, or 3.77 per cent, at $32.15 on 2060634 shares. ...
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Kinross Gold sells its small stake in Osisko Mining for $100 million
Winnipeg Free Press
(TSX:K) said Monday it has sold its small stake in Osisko Mining Corp. (TSX:OSK) for about $100 million. You can comment on most stories on ...
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Markets gain on Chinese rate hike decision
Vancouver Sun
As the close approached on the Toronto Stock Exchange, the benchmark S&P/TSX composite index was up 56.39 points, or 0.43 per cent, to 13295.86. ...
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Google Alert - dow jones and nasdaq live

News1 new result for dow jones and nasdaq live
 
Ben Potter, Research Analyst, IG Markets
IG Markets CFD Trading
The Dow Jones Industrial Average ended up being the best performer, rising 0.2% while the S&P 500 finished the session unchanged at 1240. The NASDAQ fell ...


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Google Alert - dow jones stocks

News6 new results for dow jones stocks
 
US Blue-Chip Stocks Rise As China Elects Not To Boost Rates
Wall Street Journal
By Steven Russolillo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--US blue-chip stocks closed higher Monday as China, a motor of the global economy, ...
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Brazil Stocks Close Higher, Lifted By Commodities, China Growth
Wall Street Journal
SAO PAULO (Dow Jones)--Brazil's stocks closed higher Monday, lifted by higher global commodities prices and a better tone in global stock markets. ...
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Stocks rise, bonds fall ahead of Senate tax vote
BusinessWeek
Blue chip stocks in Europe are up 0.5 percent. In early trading, the Dow Jones industrial average is up 25, or 0.2 percent, to 11435. The S&P 500 is up 4, ...
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Mexico's Stocks Close Higher On China, IPC Sets Record
Wall Street Journal
By Anthony Harrup MEXICO CITY (Dow Jones)--Mexican stocks gained ground Monday, edging higher in quiet trading to a new record close after China over the ...
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US STOCKS SNAPSHOT-Nasdaq falls, market flat in late slide
Reuters
The Dow Jones industrial average .DJI gained 18.24 points, or 0.16 percent, to 11428.56. The Standard & Poor's 500 .SPX edged up 0.06 point to 1240.46. ...
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Nasdaq Snaps Nine-Day Winning Streak
TheStreet.com
... as strength in commodity stocks was offset by weakness in tech stocks. The Dow Jones Industrial Average rose 18 points, or 0.2%, to 11428, ...
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Google Alert - TSX

News3 new results for TSX
 
ECU Silver to Be Added to the S&P/TSX Global Mining Index
Marketwire (press release)
13, 2010) - ECU Silver Mining Inc. (TSX:ECU) is pleased to announce that it has been added to the S&P/TSX Global Mining Index, effective at the open of ...
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TMX Group introduces Automated Jitney Service
Stockhouse
TMX Group today announced that Toronto Stock Exchange and TSX Venture Exchange now offer Smart Order Router (SOR) Automated Jitney service to subscribers ...
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Avala Resources Announces Acceleration of Warrants Expiry
DigitalJournal.com (press release)
The closing price of the Company's common shares on the TSX Venture Exchange was above $1.00 on November 12, 2010 and remained above $1.00 for the following ...
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Google Alert - gold prices today

News4 new results for gold prices today
 
Gold Climbs After China Refrains From Boosting Borrowing Costs
BusinessWeek
The metal will climb to $1690 next year and peak in 2012, Goldman Sachs Group Inc. said today in a report. "At current price levels, gold remains a ...
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Commodity prices push TSX forward
Vancouver Sun
On the New York Mercantile Exchange, the price of crude oil was up 62 cents US to $88.41 US a barrel at midday, while gold had gained $13.30 US to $1398.20 ...
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Goldman Sachs Predicts Best Commodity Returns for 2011 in Precious Metals
Bloomberg
"However, as we look toward 2012, we find it timely to reiterate our view that at current price levels gold remains a compelling trade, but not a long-term ...
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Canadian Stocks Rise as China Holds Off Interest Rate Boost; Barrick Gains
Bloomberg
The central bank did extend a temporary 0.5-percentage-point increase in banks' reserve requirements, two people briefed on the matter said today. Gold ...
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5 Gold Stocks in Focus

Silver Wheaton Corp. (USA) (NYSE: SLW) recently announced that series B common
share purchase warrants are expiring on December 22, 2010. The warrant holders
would receive one share of Silver Wheaton upon exercise of one warrant and
payment of the exercise price of C$10.00 prior to their expiry. The U.S. persons
may only exercise the warrants pursuant to certain exemptions as set out in the
subscription form on the back of the warrant certificate. Silver Wheaton engages
in mining, which generates its revenue primarily from the sale of silver. Hecla
Mining Company (NYSE: HL) recently declared preferred dividends and provided
update on mandatory conversion of preferred stock. The Board of Directors
elected to declare the regular quarterly dividend of $0.875 per share on the
outstanding series B Cumulative Convertible Preferred Stock and the final
quarterly dividend of $1.625 per share on the outstanding 6.5% mandatory
convertible preferred stock. These will also automatically convert into shares
of common stock on January 1, 2011. The regular quarterly dividend represents a
total amount to be paid of approximately $138,000. The cash dividend would be
paid on January 1, 2011, to shareholders of record on December 15, 2010. Hecla
mining company engages in discovering, acquiring, developing, producing, and
marketing silver, gold, lead and zinc. Pan American Silver Corp. (USA) (NASDAQ:
PAAS) recently announced the receipt of the Premio Desarrollo Sostenible 2010
award (2010 Sustainable Development Award) in the category of promoting
initiatives for local development – mining for its exemplary work in social
and environmental management. The awards are granted annually as part of a
nation-wide initiative by the National Association of Mining, Petroleum and
Energy. Pan American engages in silver mining and related activities, including
exploration, extraction, processing, refining and reclamation. Coeur dAlene
Mines Corporation (NYSE: CDE) recently announced the redemption of all of its
outstanding 1.25% Convertible Senior Notes due 2024. As of December 9, 2010,
there were $1,859,000 aggregate principal amount of notes outstanding. The notes
will be redeemed on January 21, 2011 at a redemption price of 100% of the
principal amount. Coeur engages in the operation, ownership, development and
exploration of silver and gold mining properties and companies located primarily
within South America (Chile, Argentina and Bolivia), Mexico (Chihuahua), United
States (Nevada and Alaska) and Australia (New South Wales). Goldcorp Inc. (USA)
(NYSE: GG) recently announced that the Australian Court approved the Goldcorps
acquisition of Andean resource. Goldcorp engages in the operating, exploration,
development and acquisition of precious metal properties in Canada, the United
States, Mexico and Central and South America. This corporate profile is provided
for information purposes only and should not be used as the basis for any
investment decision. We are neither licensed nor qualified to provide investment
advice. We were not paid, nor do we hold a position in these stocks. We reserve
the right to buy or sell SLW, HL, PAAS, CDE and GG at any time after this post.

5 Gold Stocks in Focus

Silver Wheaton Corp. (USA) (NYSE: SLW) recently announced that series “B” common share purchase warrants are expiring on December 22, 2010. The warrant holders would receive one share of Silver Wheaton upon exercise of one warrant and payment of the exercise price of C$10.00 prior to their expiry. The U.S. persons may only exercise the warrants pursuant to certain exemptions as set out in the subscription form on the back of the warrant certificate. Silver Wheaton engages in mining, which generates its revenue primarily from the sale of silver. Hecla Mining Company (NYSE: HL) recently declared preferred dividends and provided update on mandatory conversion of preferred stock. The Board of Directors elected to declare the regular quarterly dividend of $0.875 per share on the outstanding series B Cumulative Convertible Preferred Stock and the final quarterly dividend of $1.625 per share on the outstanding 6.5% mandatory convertible preferred stock. These will also automatically convert into shares of common stock on January 1, 2011. The regular quarterly dividend represents a total amount to be paid of approximately $138,000. The cash dividend would be paid on January 1, 2011, to shareholders of record on December 15, 2010. Hecla mining company engages in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. Pan American Silver Corp. (USA) (NASDAQ: PAAS) recently announced the receipt of the Premio Desarrollo Sostenible 2010 award (“2010 Sustainable Development Award”) in the category of promoting initiatives for local development – mining for its exemplary work in social and environmental management. The awards are granted annually as part of a nation-wide initiative by the National Association of Mining, Petroleum and Energy. Pan American engages in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. Coeur d’Alene Mines Corporation (NYSE: CDE) recently announced the redemption of all of its outstanding 1.25% Convertible Senior Notes due 2024. As of December 9, 2010, there were $1,859,000 aggregate principal amount of notes outstanding. The notes will be redeemed on January 21, 2011 at a redemption price of 100% of the principal amount. Coeur engages in the operation, ownership, development and exploration of silver and gold mining properties and companies located primarily within South America (Chile, Argentina and Bolivia), Mexico (Chihuahua), United States (Nevada and Alaska) and Australia (New South Wales). Goldcorp Inc. (USA) (NYSE: GG) recently announced that the Australian Court approved the Goldcorp’s acquisition of Andean resource. Goldcorp engages in the operating, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell SLW, HL, PAAS, CDE and GG at any time after this post.
tdp2664Penny Stock Live



Mid Day Stock Movers (TYC, SIRI, AIG)

Tyco International Ltd. (NYSE:TYC) added 0.98% to $41.25. The company announced
that it has declared a quarterly dividend of CHF0.23 per share, payable on
February 23, 2011 to shareholders of record at the close of business on January
28, 2011. Additionally, the board recommended that shareholders approve an
annual dividend of $1.00 per share at the Companys annual general meeting of
shareholders to be held on March 9, 2011. The stock has average daily volume of
4.33 million shares. At current market price, the market capitalization of the
company stands at $20.18 billion. Sirius XM Radio Inc. (NASDAQ:SIRI) is down
0.72% to $1.38. The 52-week range of the stock is $0.56-$1.61. The stock opened
at $1.40 and is trading within the range of $1.37-$1.40. The stock soared more
than 128% year-to-date. American International Group, Inc. (NYSE:AIG) is up
2.51% to $48.98. The 52-week range of the stock is $21.54-$49.86. The stock is
up more than 63% year-to-date. The stock has average daily volume of 3.97
million shares. 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.

Top 10 Most Efficient U.S.-Listed Chinese Stocks: CEO, LPH, CBEH, HGSH, SCLX, SINA, ZSTN, CYOU, CSKI, YONG (Dec 13, 2010)

Below are the top 10 most efficient U.S.-listed Chinese stocks, UPDATED TODAY before 4:30 AM ET, based on earnings per employee for the last 12 months.

CNOOC Limited (ADR) (NYSE:CEO) is the 1st most efficient company in this segment of the market. Its earnings per employee was $1,609,968 for the last 12 months. Its revenue per employee was $5,520,936 for the same period. Longwei Petroleum Investment Hold Ltd (NYSE:LPH) is the 2nd most efficient company in this segment of the market. Its earnings per employee was $599,213 for the last 12 months. Its revenue per employee was $4,965,450 for the same period. China Integrated Energy, Inc. (NASDAQ:CBEH) is the 3rd most efficient company in this segment of the market. Its earnings per employee was $219,448 for the last 12 months. Its revenue per employee was $1,799,577 for the same period. China HGS Real Estate, Inc. (NASDAQ:HGSH) is the 4th most efficient company in this segment of the market. Its earnings per employee was $211,618 for the last 12 months. Its revenue per employee was $550,266 for the same period. Sino Clean Energy Inc. (NASDAQ:SCLX) is the 5th most efficient company in this segment of the market. Its earnings per employee was $207,108 for the last 12 months. Its revenue per employee was $663,746 for the same period.

SINA Corporation (USA) (NASDAQ:SINA) is the 6th most efficient company in this segment of the market. Its earnings per employee was $181,126 for the last 12 months. Its revenue per employee was $156,340 for the same period. ZST Digital Networks Inc (NASDAQ:ZSTN) is the 7th most efficient company in this segment of the market. Its earnings per employee was $166,641 for the last 12 months. Its revenue per employee was $1,189,599 for the same period. Changyou.com Limited(ADR) (NASDAQ:CYOU) is the 8th most efficient company in this segment of the market. Its earnings per employee was $132,758 for the last 12 months. Its revenue per employee was $244,892 for the same period. China Sky One Medical, Inc. (NASDAQ:CSKI) is the 9th most efficient company in this segment of the market. Its earnings per employee was $124,913 for the last 12 months. Its revenue per employee was $437,761 for the same period. Yongye International, Inc. (NASDAQ:YONG) is the 10th most efficient company in this segment of the market. Its earnings per employee was $121,922 for the last 12 months. Its revenue per employee was $490,518 for the same period.

tdp2664
China Analyst
Top 10 Most Efficient U.S.-Listed Chinese Stocks: CEO, LPH, CBEH, HGSH, SCLX, SINA, ZSTN, CYOU, CSKI, YONG (Dec 13, 2010)



Mid Day Stock Movers (TYC, SIRI, AIG)

Tyco International Ltd. (NYSE:TYC) added 0.98% to $41.25. The company announced that it has declared a quarterly dividend of CHF0.23 per share, payable on February 23, 2011 to shareholders of record at the close of business on January 28, 2011. Additionally, the board recommended that shareholders approve an annual dividend of $1.00 per share at the Company’s annual general meeting of shareholders to be held on March 9, 2011. The stock has average daily volume of 4.33 million shares. At current market price, the market capitalization of the company stands at $20.18 billion. Sirius XM Radio Inc. (NASDAQ:SIRI) is down 0.72% to $1.38. The 52-week range of the stock is $0.56-$1.61. The stock opened at $1.40 and is trading within the range of $1.37-$1.40. The stock soared more than 128% year-to-date. American International Group, Inc. (NYSE:AIG) is up 2.51% to $48.98. The 52-week range of the stock is $21.54-$49.86. The stock is up more than 63% year-to-date. The stock has average daily volume of 3.97 million shares. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks



Weekly News Roundup: Sunoco (NYSE:SUN)

Here’s a run-down of Sunoco (NYSE:SUN) news briefs from last week. Sunoco (NYSE:SUN) company shares ended the week at 40.04 (as of 12/10/2010). Weekly News Roundup: Sunoco (NYSE:SUN) Monday 6 December Sunoco (NYSE:SUN) has said that sale of Ohio refinery should not affect its Philadelphia and Marcus Hook plants. It was reported that the two local refineries will be the only ones left in Sunoco's portfolio after the $400 million sale of its Toledo plant to PBF energy. Sunoco (NYSE:SUN) spokesman Thomas Golembeski said that "The company has to adapt in order to remain competitive. Our competitors are not standing still so we have to constantly adapt to stay competitive and stay one step ahead of them." Tuesday 7 December Sunoco (NYSE:SUN) has reported a leak in its 10 inch pipeline near Houston. This crude-oil pipeline, running from Kilgore in Texas to Houston was undergoing scheduled maintenance at the time of the release and was not in service. Almost 65 barrels was spilled near Livingston, 77 miles (125 kilometers) northeast of Houston. Sunoco (NYSE:SUN) spokesman Golembeski said that "There is no impact to customers and the cause is being investigated and the amount of oil released is being determined." Wednesday 8 December Sunoco (NYSE:SUN) has announced that its CEO had won the Paradigm Award. Lynn L. Elsenhans was declared by the Greater Philadelphia Chamber of Commerce as the winner of its 2011 Paradigm Award for becoming the outstanding businesswoman in the region. Elsenhans, who is also the chief executive of Sunoco Logistics Partners LP, joined thePhiladelphia refiner in August 2008. The award will be given on March 17 at the Philadelphia Marriott Downtown and she will be designating $25,000 in charitable gifts. We will be monitoring the Sunoco stock price for changes over the next couple of weeks.
tdp2664
E money daily



Drug Stocks Mixed Today (Cell Therapeutics, Amylin Pharmaceuticals, PharmAthene)

Cell Therapeutics, Inc. (NASDAQ:CTIC) surged 1.84% to $0.382. Cell
Therapeutics, Inc. develops, acquires and commercializes treatments for cancer.
It focuses on building a biopharmaceutical company with a diversified portfolio
of oncology drugs. Its research, development, acquisition and in-licensing
activities concentrate on identifying and developing less toxic ways to treat
cancer. Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) slid 0.12% to $12.68. The
52-week range of the stock is $9.51-$24.21. Amylin Pharmaceuticals, Inc.
(Amylin) is a biopharmaceutical company engaged in discovery, development and
commercialization of medicines. The Company is marketing two first-in-class
medicines to treat diabetes, BYETTA (exenatide) injection and SYMLIN
(pramlintide acetate) injection. PharmAthene, Inc. (AMEX:PIP) is up 2.82% to
$3.65. The 52-week range of the stock is $1.13-$4.96. The stock is up more than
85% year-to-date. PharmAthene, Inc. is a biodefense company engaged in the
development and commercialization of medical countermeasures against biological
and chemical weapons.

No Blood in Irish Streets – But There Is In Spain

As investors, we should never let a good crisis go to waste.  "The time to
buy," Baron Rothschild recounted long ago, "is when there is blood in the
streetseven if it is your own." That means the Irish debt crisis and Spain
debt woes should be seen as an opportunity to buy stocks there. I opened the
June 2010 issue of the Sizemore Investment Letter with this same quote.  As
much as I hate to recycle good one-liners, I do it today for a reason.  You
see, in late spring of this year the European sovereign debt crisis rippled
through the world economy, creating great buying opportunities in companies like
Telefónica (NYSE: TEF ), the Spanish-based global telecommunications firm .
After months of relative quiet—in which Telefónica and other solid European
blue chips had a great run—we're right back where we started.  The global
economy is being shaken again by European sovereign debt woes, this time
centered on Ireland.  To quote Yogi Berra, "It's déjà vu all over
again." So, as the markets sold off in anticipation of the Irish bailout, I
decided to go investment fishing in the eye of the storm—Ireland herself. Few
stock markets have taken as much abuse in recent years as the former "Celtic
Tiger." The Irish stock index fell a full 80% from peak to trough. Yet
remarkably, Irish stocks never got particularly cheap.  Irish stocks have the
highest P/E ratios and lowest dividend yields of all European countries on the
list. Some of this is a "denominator effect," of course.  Earnings fell
even faster than price, causing the Price/Earnings ratio to remain high even as
stocks sold off.  This was particularly true of the Irish banking sector, which
has losses big enough to skew the valuation of the entire Irish stock market. 
Still, Irish stocks as a whole are simply not cheap enough for me to be
interested. Source: Financial Times , November 26, 2010 But perhaps there are
individual bargains to be found?  Well, so I thought.  Alas, Ireland is a
small market and the pickings of Irish stocks that trade as ADRs in the United
States are rather slim.  Ireland's best blue-chip companies—such as
building materials producer CRH (NYSE: CRH ), food producer Kerry Group (PINK:
KRYAY ) and discount airline Ryanair (NASDAQ: RYAAY )—get most of their
revenues from outside of Ireland and have not sold off during the panic.  
Their share prices have remained remarkably resilient, and none trade at a
particularly attractive price.  The only American-traded Irish stocks that have
sold off are the banks—and I wouldn't touch them with a ten-foot pole right
now given the uncertainty facing them. For most Irish companies actually worth
owning, you're just not going to get that "blood in the streets" price
that I was hoping for. The Pain in Spain In the November issue of the Sizemore
Investment Letter I wrote, "Given the extreme bullish sentiment towards Asia
and Latin America and the lukewarm sentiment towards America and Europe, I think
it is highly likely that U.S. and European stocks are the surprise outperformers
over the next year." While Irish stocks as a whole are not as cheap as I would
like given the macro risk to the country, I am definitely seeing value elsewhere
in Europe.  Returning to the P/E ratio table I showed earlier, the only country
with "blood in the streets" pricing is Spain.  Part of this is legitimate
worry that Spain is simply too big to bail out like Greece or Ireland and that
the country is at high risk of defaulting on its debts. While I don't see
Spain defaulting, if it were to happen all Spanish stocks would at least
temporarily plunge in value, even rock-solid multinationals like Telefónica. 
The question becomes, "at current prices, are we being compensated for this
risk?"  And to this I give an emphatic "yes!" Telefónica is trading at a
P/E ratio of 7. Yes, 7.  This is one of the finest telecommunications companies
in the world, with a leading position in some of the fastest-growing emerging
markets in the world…and it's been effectively left for dead.   At current
prices, Telefónica would seem to be a "risk free" investment in the old
Graham and Dodd criteria.  Your risk of long-term or permanent impairment of
capital would be almost nil. The risk with Telefónica today is that it goes
from ridiculously cheap to even more ridiculously cheap due to a spate of
volatility in the Spanish market.   This is a risk that I am willing to take.
I want to strongly reiterate my "buy" recommendation in Telefónica. If you
haven't bought shares yet, this is a second opportunity.  And if you already
have, then this is a great opportunity to accumulate more shares. Charles Lewis
Sizemore, CFA, is Editor of the Sizemore Investment Letter .

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