The U.S. might not be a fast-growing country, but China certainly is. And
thanks to the wonders of the global stock listings, you can own shares in
China's even faster-growing Internet market. Candidate companies include
Chinese Internet portal Sohu.com (NASDAQ: SOHU ) and online game developer
Changyou (NASDAQ: CYOU ). But is either stock worth your money? On Monday, Sohu
reported briskly growing third-quarter numbers, although its EPS fell a bit
short of expectations. Sohu enjoyed a 19% net income rise to $64.3 million
thanks to strong online advertising of $76.7 million and online gaming up 35%
to $115.8 million. Sohu's total revenue of $233 million rose 42%, almost $5
million more than expected. But its earnings per share of $1.17 were a penny
less than analysts surveyed by Thomson Reuters I/B/E/S . And Sohu is not alone
among Chinese Internet companies reporting Monday. For example, Changyou also
reported rapid growth. Its revenue grew faster than Sohu's, but its profits
grew more slowly. Nevertheless, at least as far as beating expectations is
concerned, CYOU outperformed SOHU. Changyou reported a 39% increase in its
revenue to $119 million and a 16.6% rise in net income, compared to the previous
year, to about $53 million. CYOUs adjusted EPS of $1.01 per share beat
expectations by three cents, and its revenue was $1.5 million more than analysts
had expected . Behind Changyou's revenue growth are new games. As Changyou CEO
Tao Wang explained, these popular games include Tian Long Ba Bu, or TLBB, whose
new version, introduced Oct. 20, added to "the number of users and the number
of active paying accounts." And its Duke of Mount Deer game appeals to
"hard-core game players." So should you invest in Changyou stock and skip
Sohu? If youre willing to bet on these volatile stocks, Id consider using the
downdraft in their stocks today as an opportunity to buy both with a slight
edge to Changyou. Heres why: Sohu: Good growth, fat margins; cheap stock.
Revenues for SOHU have increased 18.9% in the past 12 months to $710 million,
while net income climbed 1% to $74 million yielding a whopping 32.1% net profit
margin. (These Chinese Internet companies are based in the Cayman Islands and
therefore pay very low tax rates.) SOHUs price/earnings-to-growth ratio of 0.61
(where a PEG of 1.0 is considered fairly priced) is cheap on a P/E of 14.53 and
expected earnings growth of 23.6% to $5.74 in 2012 . Changyou: Healthy growth,
strong margins; inexpensive stock. CYOU's sales have climbed 22.3% in the past
12 months to $379 million, while net income jumped 20.9% to $200 million
yielding a huge 52.8% net profit margin. Changyous PEG of 0.35 is very
inexpensive on a P/E of 7.5 and expected earnings growth of 21.4% to $4.98 in
2012 . With Monday's earnings disappointment, Sohu stock has lost 11% of its
value. This could be a good opportunity to buy the stock at a lower price.
However, it also throws into question whether SOHU can meet its 2012 earnings
growth target. But Changyou stock is even cheaper if it can meet its 2012 growth
expectations. SOHU and CYOU are volatile, making both stocks risky bets. But
their high profit margins and exposure to the rapidly growing Chinese Internet
market make each of them attractive bets for the edge of your risk/return
investment frontier. As of this writing, Peter Cohan did not own a position in
any of the aforementioned stocks.
Monday, October 31, 2011
Bank Stocks May Crash and Burn After Hot October Run
It's no surprise that while the Dow Jones Industrial Average and S&P 500
rolled back on Monday, the financial sector led the declines with JPMorgan
Chase (NYSE: JPM ) down over 5%, Bank of America (NYSE: BAC ) off over 7%,
Citigroup (NYSE: C ) off almost 8% and Morgan Stanley (NYSE: MS ) off almost 9%
to start the week. After a red-hot run in October, financial stocks were looking
overbought to just about everyone. But the question going forward is whether
this is just a pause for the sector amid a resurgence, or a sign that the gains
are fleeting. Unfortunately, it looks like the latter. Banks have lagged the
market in 2011 and look to be taking a beating yet again. Underperformance for
Banks in 2011 A look at the stock market across the past six months shows a
clear divergence between the broader market and the financial sector as
represented by this chart of the SPDR S&P 500 ETF
rolled back on Monday, the financial sector led the declines with JPMorgan
Chase (NYSE: JPM ) down over 5%, Bank of America (NYSE: BAC ) off over 7%,
Citigroup (NYSE: C ) off almost 8% and Morgan Stanley (NYSE: MS ) off almost 9%
to start the week. After a red-hot run in October, financial stocks were looking
overbought to just about everyone. But the question going forward is whether
this is just a pause for the sector amid a resurgence, or a sign that the gains
are fleeting. Unfortunately, it looks like the latter. Banks have lagged the
market in 2011 and look to be taking a beating yet again. Underperformance for
Banks in 2011 A look at the stock market across the past six months shows a
clear divergence between the broader market and the financial sector as
represented by this chart of the SPDR S&P 500 ETF
Google Alert - gas prices today
| ||
| Regular, premium fuel prices fall slightly, but diesel rises Virgin Islands Daily News CROIX - HOVENSA's wholesale prices on regular and premium gasoline edged downward this week, while the price for diesel fuel inched upward slightly. HOVENSA today lowered its rack rate - the price of fuel purchased wholesale, directly from the ... See all stories on this topic » | ||
| Could premium price for LNG in Asia start to slip? Alaska Dispatch The premium price paid in Asia for liquefied natural gas (LNG) -- some $10 per thousand cubic feet today -- could shrink as more gas reaches market, according to Richard Jones, deputy chief of the International Energy Agency in Singapore. ... See all stories on this topic » |
Tip: Use site restrict in your query to search within a site (site:nytimes.com or site:.edu). Learn more.
Delete this alert.
Create another alert.
Manage your alerts.
Lululemon Looking to Squeeze Higher
The U.S. equities market is taking a well-deserved breather today, as traders
are likely taking some money off the table following the historic run
experienced in October. On a day like today where trading screens are a sea of
red, relative strength plays are easy to spot. Essentially any stock that is
still in the green is exhibiting relative strength or outperforming the market.
The rationale behind seeking relative strength goes something like this if the
stock is able to rise in a weak tape, it is all the more likely to lead in a
strong tape. One such stock exhibiting strength today is Lululemon Athletica
(NASDAQ: LULU ). Suppose we want to set ourselves up for a continued rise into
year-end for this athletic apparel company. In July, LULU reached an all-time
high just south of $65, so we can use that as our potential target. Instead of
buying the stock here in the $57 area, a cheaper, limited-risk way to play is by
buying a bull-call spread. The potential risk is limited to the initial debit
paid to enter the trade, and the max reward is limited to the width of the
spread minus the debit. One call spread worth considering for bullish exposure
on LULU is the Dec 60-65 call spread. To enter the position, you would "buy to
open" the LULU Dec 60 Call while at the same time "selling to open" the
LULU Dec 65 Call. If entered at around a $1.90 net debit (the long $60 calls are
currently trading at $3.50 and the short $65 calls are currently at $1.60), the
risk would be limited to $190, and the reward would max out at $310. Source :
MachTrader At the time of this writing Tyler Craig had no positions in LULU.
are likely taking some money off the table following the historic run
experienced in October. On a day like today where trading screens are a sea of
red, relative strength plays are easy to spot. Essentially any stock that is
still in the green is exhibiting relative strength or outperforming the market.
The rationale behind seeking relative strength goes something like this if the
stock is able to rise in a weak tape, it is all the more likely to lead in a
strong tape. One such stock exhibiting strength today is Lululemon Athletica
(NASDAQ: LULU ). Suppose we want to set ourselves up for a continued rise into
year-end for this athletic apparel company. In July, LULU reached an all-time
high just south of $65, so we can use that as our potential target. Instead of
buying the stock here in the $57 area, a cheaper, limited-risk way to play is by
buying a bull-call spread. The potential risk is limited to the initial debit
paid to enter the trade, and the max reward is limited to the width of the
spread minus the debit. One call spread worth considering for bullish exposure
on LULU is the Dec 60-65 call spread. To enter the position, you would "buy to
open" the LULU Dec 60 Call while at the same time "selling to open" the
LULU Dec 65 Call. If entered at around a $1.90 net debit (the long $60 calls are
currently trading at $3.50 and the short $65 calls are currently at $1.60), the
risk would be limited to $190, and the reward would max out at $310. Source :
MachTrader At the time of this writing Tyler Craig had no positions in LULU.
Logitech Shares — 3 Pros, 3 Cons
Back in September, Logitech (NASDAQ: LOGI ) cut its full-year guidance for the
third time. The new estimate came to $2.4 billion, which was $100 million lower
than the prior forecast. Operating income would be about $90 million, compared
to the previous forecast of $143 million. But Logitech CEO Guerrino De Luca said
this would be the final change, and he even apologized to investors. However, it
was not enough to bolster confidence LOGI shares hit a low of $7.72 after
sitting around almost $20 in March. Yet by setting the bar fairly low, Logitech
actually was able to show some relative strength in the fiscal second quarter.
The company last week reported a 1% increase in revenues to $589 million and
earnings of $17 million, down from $41 million. It was enough to generate
optimism with investors, with Logitech stock spiking 17.3% on the news. On
Monday, the stock was trading near the $10 mark. So might things be getting
better? More importantly, is LOGI stock worth buying? To see, let's take a
look at the pros and cons: Pros Leader in peripherals. Founded in 1981, Logitech
was one of the first companies to realize the huge opportunity of the PC
revolution. Logitech originally developed staples like traditional keyboards and
mice, but it has since expanded into other categories like gaming, wireless
devices (including keyboards and mice) and home entertainment. China story. This
has been a bright spot for Logitech. The company has made substantial
investments in the country, and on the earnings conference call, De Luca
indicated Chinese growth should remain fairly strong in the coming quarters.
LifeSize. This product line provides for HD video used in conference calls and
meetings. It compares favorably to more expensive offerings, such as from Cisco
(NASDAQ: CSCO ). In the latest quarter, the LifeSize segment posted a 19% growth
rate.
third time. The new estimate came to $2.4 billion, which was $100 million lower
than the prior forecast. Operating income would be about $90 million, compared
to the previous forecast of $143 million. But Logitech CEO Guerrino De Luca said
this would be the final change, and he even apologized to investors. However, it
was not enough to bolster confidence LOGI shares hit a low of $7.72 after
sitting around almost $20 in March. Yet by setting the bar fairly low, Logitech
actually was able to show some relative strength in the fiscal second quarter.
The company last week reported a 1% increase in revenues to $589 million and
earnings of $17 million, down from $41 million. It was enough to generate
optimism with investors, with Logitech stock spiking 17.3% on the news. On
Monday, the stock was trading near the $10 mark. So might things be getting
better? More importantly, is LOGI stock worth buying? To see, let's take a
look at the pros and cons: Pros Leader in peripherals. Founded in 1981, Logitech
was one of the first companies to realize the huge opportunity of the PC
revolution. Logitech originally developed staples like traditional keyboards and
mice, but it has since expanded into other categories like gaming, wireless
devices (including keyboards and mice) and home entertainment. China story. This
has been a bright spot for Logitech. The company has made substantial
investments in the country, and on the earnings conference call, De Luca
indicated Chinese growth should remain fairly strong in the coming quarters.
LifeSize. This product line provides for HD video used in conference calls and
meetings. It compares favorably to more expensive offerings, such as from Cisco
(NASDAQ: CSCO ). In the latest quarter, the LifeSize segment posted a 19% growth
rate.
Gold Price Dropped As Dollar Rallies, Bull Market Is Alive and Well, Just Undergoing a Correction
Gold Price Close Today : 1724.20 Change : (22.00) or -1.3% Silver Price Close
Today : 3433.7 Change : 93.3 cents or -2.6% Gold Silver Ratio Today : 50.21
Change : 0.705 or 1.4% Silver Gold Ratio Today : 0.01991 Change : -0.000283 or
-1.4% Platinum Price Close Today : 1606.10 Change : -39.40 or -2.4% Palladium
Price Close Today : 649.00 Change : -14.85 or -2.2% S&P 500 : 1,253.31 Change :
-31.78 or -2.5% Dow In GOLD$ : $143.33 Change : $ (1.45) or -1.0% Dow in GOLD oz
: 6.934 Change : -0.070 or -1.0% Dow in SILVER oz : 348.17 Change : 1.38 or 0.4%
Dow Industrial : 11,955.01 Change : -276.10 or -2.3% US Dollar Index : 76.55
Change : 1.454 or 1.9% GOLD and SILVER are the currency alternatives --
competitors, if you will -- to the euro, yen, and dollar. Thus when the dollar
rallies, you can expect silver and gold to take body blows. Today they did. THE
GOLD PRICE dropped $22 (1.3%) to turn off the Comex lights at $1,724.20. Big
drop had already happened on the other side of the world time the globe's
turning brought midnight Sunday/Monday to the Eastern Time zone. That's the
great thing about government surprise parties, no way to decline the invitation.
Most of the day GOLD traded from $1,725 to $1,712, although the low came before
New York opened at $1,704.60. Closing under that $1,725 support offered no
encouragement to gold bugs, and will likely knock prices again tomorrow. $1,705
is the support to watch. That marks the upper boundary line of gold's trading
from the end-September collapse until last week's upside breakdown. Falling
through that mark opens a trapdoor for the GOLD PRICE with a $1,650 basement.
$1,605 is possible, and home to the 150 day moving average. The SILVER PRICE ,
more manic as usual, lost 2.6% today, 93.3c, to close Comex at 3433.70, beneath
3450c support. Likely target is 3200-ish, about where 'twill meet the rising
trend line. If it falls thru that, silver holders will be writhing in pain.
BOTTOM LINE: Bull market is alive and well, just undergoing a correction. Y'all
hang on -- don't let that bull shake you off! I'm going to share a little secret
with y'all. I've been working on a book. For 15 years. No, not about silver and
gold, hardly mentions them. Rather, it's the tale of moving with my family to
a farm waaayout in the country, so far out you have to order sunlight from Sears
and Roebuck. It exposes all, from colossal mistakes to miniscule successes. I'll
tell you where the dead animals are buried, and who (probably) killed them.
You'll learn how we got to 27 dogs at one point, how we fell into the pig
business, and how not to herd sheep (Hint: gotta have a Border Collie). You'll
hear about the joys -- Bodacious Hoedowns and Agrarian Challenges -- and the
sorrows -- how many chickens can a skunk kill? You will also no doubt find it
even easier to laugh at me than I do to laugh at myself, and you will meet my
whole family and others for miles around. Stocks stir my soul to poetry: Under
water everywhere, and all th'indices did shrink! Underwater everywhere, and
every stock did stink! Last Thursday I wrote that you should look around and fix
the sight in you mind, because for stocks that was as good as it gets. Now y'all
see why I said that. Today the Dow closed at 11,955.01 and lost 2.26% or 276.1
points, all but 85.97 points of what it gained in the last two days. It lost
76.25% of the last two days gains. S&P500 lost 31.78 or 2.47% today. Now all
those who bought the euro "fix" are beginning to sober up, rub their eyes, and
wonder what in the WORLD they were thinking to buy stocks like that? Now I bet
y'all understand why they serve free drinks in casinos. I was wondering when the
Nice Government Men in Japan were going to act to save their export addicted
economy, and they did this morning. I will forbear the obvious martial arts and
samurai and ninja references, and observe merely that they slapped the yen
winded. It dropped to 127.92 c/Y100 (Y78.17/$1, down 3.02% from Friday. Since it
was a government surprise party, they threw it over the weekend for the rest of
us) so that it all happened at once and beat the longs senseless. 'Twill be a
while before they go long yen again. Chart damage will last a while, too. Yet
the Japanese only set the stage for more trouble down the road, since they did
not announce, like the pragmatic Swiss, that they would not tolerate the yen
over such and such a rate. Thus they again have to make another surprise raid on
their own currency. Central banking is NOT the road to currency stability.
Euro's day in the sun is over, too. Japanese move today sent money screaming
into dollars for safety, so the Euro gapped down -- largely -- below its 200 DMA
(1.40.86) then fell to the 50 DMA (1.3842) for good measure, wiping out all the
last week's gains. Closed at 1.3852, down 2.1%. And who was the gainer in all
this, save the US dollar, the currency everyone loves to hate but buys anyway.
Dollar bounded up off 75 to end the day up 145.4 basis points (1.87%) at 76.551,
leaving the last two days behind as a spike bottom and suspected turnaround --
as suspect as a cat with yellow feathers on his chin when your canary goes
missing. For a while at least, the dollar will rally. Until the next crisis,
which might be two days or two weeks or two months or two minutes, but surely
will come. Today will be the last day I will send a commentary until 8 November.
I'll miss y'all, but I have to attend a timber framing class. Argentum et aurum
comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The
Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be
republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
Today : 3433.7 Change : 93.3 cents or -2.6% Gold Silver Ratio Today : 50.21
Change : 0.705 or 1.4% Silver Gold Ratio Today : 0.01991 Change : -0.000283 or
-1.4% Platinum Price Close Today : 1606.10 Change : -39.40 or -2.4% Palladium
Price Close Today : 649.00 Change : -14.85 or -2.2% S&P 500 : 1,253.31 Change :
-31.78 or -2.5% Dow In GOLD$ : $143.33 Change : $ (1.45) or -1.0% Dow in GOLD oz
: 6.934 Change : -0.070 or -1.0% Dow in SILVER oz : 348.17 Change : 1.38 or 0.4%
Dow Industrial : 11,955.01 Change : -276.10 or -2.3% US Dollar Index : 76.55
Change : 1.454 or 1.9% GOLD and SILVER are the currency alternatives --
competitors, if you will -- to the euro, yen, and dollar. Thus when the dollar
rallies, you can expect silver and gold to take body blows. Today they did. THE
GOLD PRICE dropped $22 (1.3%) to turn off the Comex lights at $1,724.20. Big
drop had already happened on the other side of the world time the globe's
turning brought midnight Sunday/Monday to the Eastern Time zone. That's the
great thing about government surprise parties, no way to decline the invitation.
Most of the day GOLD traded from $1,725 to $1,712, although the low came before
New York opened at $1,704.60. Closing under that $1,725 support offered no
encouragement to gold bugs, and will likely knock prices again tomorrow. $1,705
is the support to watch. That marks the upper boundary line of gold's trading
from the end-September collapse until last week's upside breakdown. Falling
through that mark opens a trapdoor for the GOLD PRICE with a $1,650 basement.
$1,605 is possible, and home to the 150 day moving average. The SILVER PRICE ,
more manic as usual, lost 2.6% today, 93.3c, to close Comex at 3433.70, beneath
3450c support. Likely target is 3200-ish, about where 'twill meet the rising
trend line. If it falls thru that, silver holders will be writhing in pain.
BOTTOM LINE: Bull market is alive and well, just undergoing a correction. Y'all
hang on -- don't let that bull shake you off! I'm going to share a little secret
with y'all. I've been working on a book. For 15 years. No, not about silver and
gold, hardly mentions them. Rather, it's the tale of moving with my family to
a farm waaayout in the country, so far out you have to order sunlight from Sears
and Roebuck. It exposes all, from colossal mistakes to miniscule successes. I'll
tell you where the dead animals are buried, and who (probably) killed them.
You'll learn how we got to 27 dogs at one point, how we fell into the pig
business, and how not to herd sheep (Hint: gotta have a Border Collie). You'll
hear about the joys -- Bodacious Hoedowns and Agrarian Challenges -- and the
sorrows -- how many chickens can a skunk kill? You will also no doubt find it
even easier to laugh at me than I do to laugh at myself, and you will meet my
whole family and others for miles around. Stocks stir my soul to poetry: Under
water everywhere, and all th'indices did shrink! Underwater everywhere, and
every stock did stink! Last Thursday I wrote that you should look around and fix
the sight in you mind, because for stocks that was as good as it gets. Now y'all
see why I said that. Today the Dow closed at 11,955.01 and lost 2.26% or 276.1
points, all but 85.97 points of what it gained in the last two days. It lost
76.25% of the last two days gains. S&P500 lost 31.78 or 2.47% today. Now all
those who bought the euro "fix" are beginning to sober up, rub their eyes, and
wonder what in the WORLD they were thinking to buy stocks like that? Now I bet
y'all understand why they serve free drinks in casinos. I was wondering when the
Nice Government Men in Japan were going to act to save their export addicted
economy, and they did this morning. I will forbear the obvious martial arts and
samurai and ninja references, and observe merely that they slapped the yen
winded. It dropped to 127.92 c/Y100 (Y78.17/$1, down 3.02% from Friday. Since it
was a government surprise party, they threw it over the weekend for the rest of
us) so that it all happened at once and beat the longs senseless. 'Twill be a
while before they go long yen again. Chart damage will last a while, too. Yet
the Japanese only set the stage for more trouble down the road, since they did
not announce, like the pragmatic Swiss, that they would not tolerate the yen
over such and such a rate. Thus they again have to make another surprise raid on
their own currency. Central banking is NOT the road to currency stability.
Euro's day in the sun is over, too. Japanese move today sent money screaming
into dollars for safety, so the Euro gapped down -- largely -- below its 200 DMA
(1.40.86) then fell to the 50 DMA (1.3842) for good measure, wiping out all the
last week's gains. Closed at 1.3852, down 2.1%. And who was the gainer in all
this, save the US dollar, the currency everyone loves to hate but buys anyway.
Dollar bounded up off 75 to end the day up 145.4 basis points (1.87%) at 76.551,
leaving the last two days behind as a spike bottom and suspected turnaround --
as suspect as a cat with yellow feathers on his chin when your canary goes
missing. For a while at least, the dollar will rally. Until the next crisis,
which might be two days or two weeks or two months or two minutes, but surely
will come. Today will be the last day I will send a commentary until 8 November.
I'll miss y'all, but I have to attend a timber framing class. Argentum et aurum
comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The
Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be
republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
How to Interpret the Market’s Mixed Signals
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace If anyone doubted that the stock markets around the globe have been moving almost solely on the ins and outs of the negotiations over Greece's debt and the recapitalization plans for the euro banks, I hope last week's market moves have quelled those thoughts. A 50% haircut on Greek bonds and “happy talk” about repairs for the rest of the euro zone got markets moving around the globe Thursday. Japan's Nikkei ended with a 2.0% gain, and Hong Kong moved up more than 3.2%. London's FTSE was up 2.9%, German's DAX gained more than 5.3%, and in France the CAC 40 was up almost 6.3%. With those kinds of numbers, our own markets' gains look tame. The Dow ended Thursday's session with a 2.9% rise, the S&P 500 Index was up almost 3.5% and the small-stock Russell 2000 index was up over 5%. All major U.S. stock indices, except for the Russell 2000, are in positive territory year to date. Bonds took it on the chin. Wednesday's 2.2% yield on the 10-year Treasury turned into a 2.4% yield as investors sold. Extended-Duration Treasury ETF (AMEX: EDV ), the longest Vanguard bond fund, fell 5.6% Thursday. About the only government bonds gaining ground Thursday were Greek, Italian and Spanish bonds. New Zealand's bond market was flat. Looking homeward, though, I believe that lost in the minutiae surrounding Greece and the euro bailout was this question: What does the announcement by the government of a plan to make it easier to refinance Freddie or Fannie mortgages at lower rates (assuming you are current on your existing mortgage) do to that market? I don't see how it doesn't raise prepayment risk and, on Friday, mortgage bonds sold off more than their brethren. With GDP coming in at a preliminary 2.5% growth rate for the third quarter, mergers continuing apace with both Oracle ( NASDAQ : ORCL ) and Cigna (NYSE: CI ) and earnings growth continuing, I'm not surprised that consumer confidence is at a low last seen at the bottom of the last recession. Why? Because consumer confidence numbers, for all their headline-grabbing, don't do a very good job of predicting economies or markets. They just don't. In particular, at some of the nadirs for the consumer confidence index , you'd have been particularly smart to have bet on the consumer, rather than against them. As I said a couple of months ago, follow what consumers do, not what they say. Retail sales are up and running at their highest levels ever. Why else would FedEx (NYSE: FDX ) have announced that it will hire 20,000 temporary workers (about 3,000 more than they hired last year) for the holiday season? Economic slowdowns seldom are accompanied by increased shipping demand. Oh, and UPS (NYSE: UPS ) chimed in with a more muted expectation for growth, but more growth nonetheless, in the months ahead. Finally, manufacturing continues in slow-growth, not no-growth mode as the September durable goods report showed continued strength despite a decline in aircraft orders, which was expected because of a burst of buying in August. All in all, it was a good report.
MF Global Bankruptcy Sends Financials Reeling — Monday’s IP Market Recap
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace The bankruptcy of global financial broker MF Global (NYSE: MF ) put an appropriate All Hallow's Eve scare into investors and had foreign financials stocks fleeing to mark an unsatisfying end to an otherwise phenomenal October for the market. Papers filed in federal bankruptcy court said MF Global experienced a severe cash crunch last week after the company's business partners pulled back. Their reason was worries about MF's
Gold Futures Dip 1.3%, Cut October Gain to 6.3%
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold futures declined Monday as a rally in the U.S dollar pressured commodities and the broader financial markets. COMEX gold for December 2011 delivery – the most actively-traded contract – fell $22.00, or 1.3%, to finish at $1,725.20 per ounce.
Take Advantage of Apple Stock’s Short-Term Dip
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Like everything in 2011, earnings season has been one of extremes. Strong reports are rocketing stocks higher, and any hint of poor earnings is sending investors packing. Take Apple Inc. ( NASDAQ : AAPL ) for example: Apple announced that its earnings results came in below analysts' expectations, the first such miss since 2004. Revenue for the company came in at $28.3 billion, and the company posted $7.05 earnings per share — representing a 3.9% and 3.2% miss, respectively. However, it's important to keep in mind that these results represent 39% revenue growth and 54% earnings growth year-over-year. That's solid growth for a large-cap company, and gross margin remains high at 40.3% compared with 36.9% last year. The big reason why Apple posted this miss is because they are a victim of their own success. Customers held off on purchasing iPhones this quarter due to rumors that the company would be introducing a newer version in October. Of course that is exactly what happened, and Apple announced first day pre-orders exceeded 1 million units and exceeded the previous record of 600,000. In total, they sold over 4 million of the new units in the first three days. This represents more than double the 1.7 million sold by Apple last year during the introduction of the iPhone 4. And, considering that Apple sold 17 million iPhones in the last quarter, the company is well on its way for more blowout top- and bottom-line growth. This is why the stock was not punished on the earnings miss and will quickly approach 52-week high levels. And I highly recommend that you take advantage of this short-term dip and pick up shares of AAPL under $420. The company is a screaming buy at current prices.
3 Technology Stocks With a Ghastly Future
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Seas boiling! Skies falling! The dead rising from the grave! Yes, we are all sensitive to apocalyptic and eerie portents and signs on Halloween. That looming dread is part of the fun. It’s a great counterpoint to the sugar-rush/comedown portion of the holiday. “Horror, then sweets” goes the formula. The world might not be ending and the dead might not be rising from the grave on Halloween 2011, but for some technology businesses, it certainly feels that way. As the year careens to a close, consumer spending remains tepid and the competitive landscape in a number of technologies — especially mobile devices — is changing with alarming speed. If Apple ( NASDAQ : AAPL ) and Google ( NASDAQ : GOOG ) are the happy trick-or-treaters in tech, then who are the publicly traded ghouls and goblins of the day? Consider these lost souls: Research In Motion Can changing tastes and an unwillingness to change be considered a curse? Judging from the company’s performance over the past 12 months, it certainly seems that Research In Motion ( NASDAQ : RIMM ) is living under a bad moon. The BlackBerry maker has seen share prices crumble from $70 in February to below $21 as of Monday. The pre-crash trading price of $145, hit around July 2008, seems a distant memory. While RIM didn’t diss a gypsy queen to earn its declining fate, it has failed to transform its smartphone business and enterprise services into competitive products that can go head-to-head with Apple’s popular products or the openness of Google Android-powered devices. RIM’s share of the global smartphone market shrank from 19% to 14% over the past year . It isn’t coming back, either. Research firm IDC expects that share to shrink to 13% by 2015. RIM’s lonely future is to be devoured by a competitor for its juicy patents .
Microsoft Corporation (NASDAQ:MSFT) Hails Award Finalists
Microsoft Corporation (NASDAQ:MSFT) has announced its partner award finalists.
Microsoft Corporation (NASDAQ:MSFT) Hails Award Finalists It has been reported
that Microsoft Corporation (NASDAQ:MSFT) has announced the finalists for the
different categories of its Partner Awards 2011. Microsoft Corporation
(NASDAQ:MSFT) will present 23 awards, split into four sub-categories: Solution
Awards, Individual Awards, Partner Awards and Supreme Awards. Chris Ichter,
director Small, Midmarket Solutions & Partners Group for Microsoft Corporation
(NASDAQ:MSFT) New Zealand, said that, "This is the fifth year we've held the
New Zealand Partner Awards and Partners have definitely raised the bar. The high
calibre of work is reflected in the number of quality entries submitted this
year. Microsoft Corporation (NASDAQ:MSFT) received a number of first-time
entries and have a great mix of finalists. The idea is to acknowledge the great
work of our local partners and encourage winners to enter solutions into the
2012 World Wide Partner Awards. Our New Zealand Partner community is strong, and
we want to celebrate their work both locally and on the world stage".
Microsoft Corp. (NASDAQ:MSFT) company shares are currently standing at 26.98.
Price History Last Price: 26.98 52 Week Low / High: 23.65 / 29.46 50 Day Moving
Average: 26.11 6 Month Price Change %: 4.1% 12 Month Price Change %: 2.7%
Microsoft Corporation (NASDAQ:MSFT) Hails Award Finalists It has been reported
that Microsoft Corporation (NASDAQ:MSFT) has announced the finalists for the
different categories of its Partner Awards 2011. Microsoft Corporation
(NASDAQ:MSFT) will present 23 awards, split into four sub-categories: Solution
Awards, Individual Awards, Partner Awards and Supreme Awards. Chris Ichter,
director Small, Midmarket Solutions & Partners Group for Microsoft Corporation
(NASDAQ:MSFT) New Zealand, said that, "This is the fifth year we've held the
New Zealand Partner Awards and Partners have definitely raised the bar. The high
calibre of work is reflected in the number of quality entries submitted this
year. Microsoft Corporation (NASDAQ:MSFT) received a number of first-time
entries and have a great mix of finalists. The idea is to acknowledge the great
work of our local partners and encourage winners to enter solutions into the
2012 World Wide Partner Awards. Our New Zealand Partner community is strong, and
we want to celebrate their work both locally and on the world stage".
Microsoft Corp. (NASDAQ:MSFT) company shares are currently standing at 26.98.
Price History Last Price: 26.98 52 Week Low / High: 23.65 / 29.46 50 Day Moving
Average: 26.11 6 Month Price Change %: 4.1% 12 Month Price Change %: 2.7%
3 Technology Stocks With a Ghastly Future
Seas boiling! Skies falling! The dead rising from the grave! Yes, we are all
sensitive to apocalyptic and eerie portents and signs on Halloween. That looming
dread is part of the fun. Its a great counterpoint to the sugar-rush/comedown
portion of the holiday. Horror, then sweets goes the formula. The world might
not be ending and the dead might not be rising from the grave on Halloween 2011,
but for some technology businesses, it certainly feels that way. As the year
careens to a close, consumer spending remains tepid and the competitive
landscape in a number of technologies especially mobile devices is changing
with alarming speed. If Apple (NASDAQ: AAPL ) and Google (NASDAQ: GOOG ) are the
happy trick-or-treaters in tech, then who are the publicly traded ghouls and
goblins of the day? Consider these lost souls: Research In Motion Can changing
tastes and an unwillingness to change be considered a curse? Judging from the
companys performance over the past 12 months, it certainly seems that Research
In Motion (NASDAQ: RIMM ) is living under a bad moon. The BlackBerry maker has
seen share prices crumble from $70 in February to below $21 as of Monday. The
pre-crash trading price of $145, hit around July 2008, seems a distant memory.
While RIM didnt diss a gypsy queen to earn its declining fate, it has failed to
transform its smartphone business and enterprise services into competitive
products that can go head-to-head with Apples popular products or the openness
of Google Android-powered devices. RIMs share of the global smartphone market
shrank from 19% to 14% over the past year . It isnt coming back, either.
Research firm IDC expects that share to shrink to 13% by 2015. RIMs lonely
future is to be devoured by a competitor for its juicy patents .
sensitive to apocalyptic and eerie portents and signs on Halloween. That looming
dread is part of the fun. Its a great counterpoint to the sugar-rush/comedown
portion of the holiday. Horror, then sweets goes the formula. The world might
not be ending and the dead might not be rising from the grave on Halloween 2011,
but for some technology businesses, it certainly feels that way. As the year
careens to a close, consumer spending remains tepid and the competitive
landscape in a number of technologies especially mobile devices is changing
with alarming speed. If Apple (NASDAQ: AAPL ) and Google (NASDAQ: GOOG ) are the
happy trick-or-treaters in tech, then who are the publicly traded ghouls and
goblins of the day? Consider these lost souls: Research In Motion Can changing
tastes and an unwillingness to change be considered a curse? Judging from the
companys performance over the past 12 months, it certainly seems that Research
In Motion (NASDAQ: RIMM ) is living under a bad moon. The BlackBerry maker has
seen share prices crumble from $70 in February to below $21 as of Monday. The
pre-crash trading price of $145, hit around July 2008, seems a distant memory.
While RIM didnt diss a gypsy queen to earn its declining fate, it has failed to
transform its smartphone business and enterprise services into competitive
products that can go head-to-head with Apples popular products or the openness
of Google Android-powered devices. RIMs share of the global smartphone market
shrank from 19% to 14% over the past year . It isnt coming back, either.
Research firm IDC expects that share to shrink to 13% by 2015. RIMs lonely
future is to be devoured by a competitor for its juicy patents .
How to Interpret the Market’s Mixed Signals
If anyone doubted that the stock markets around the globe have been moving
almost solely on the ins and outs of the negotiations over Greece's debt and
the recapitalization plans for the euro banks, I hope last week's market moves
have quelled those thoughts. A 50% haircut on Greek bonds and happy talk about
repairs for the rest of the euro zone got markets moving around the globe
Thursday. Japan's Nikkei ended with a 2.0% gain, and Hong Kong moved up more
than 3.2%. London's FTSE was up 2.9%, German's DAX gained more than 5.3%,
and in France the CAC 40 was up almost 6.3%. With those kinds of numbers, our
own markets' gains look tame. The Dow ended Thursday's session with a 2.9%
rise, the S&P 500 Index was up almost 3.5% and the small-stock Russell 2000
index was up over 5%. All major U.S. stock indices, except for the Russell 2000,
are in positive territory year to date. Bonds took it on the chin. Wednesday's
2.2% yield on the 10-year Treasury turned into a 2.4% yield as investors sold.
Extended-Duration Treasury ETF (AMEX: EDV ), the longest Vanguard bond fund,
fell 5.6% Thursday. About the only government bonds gaining ground Thursday were
Greek, Italian and Spanish bonds. New Zealand's bond market was flat. Looking
homeward, though, I believe that lost in the minutiae surrounding Greece and the
euro bailout was this question: What does the announcement by the government of
a plan to make it easier to refinance Freddie or Fannie mortgages at lower rates
(assuming you are current on your existing mortgage) do to that market? I
don't see how it doesn't raise prepayment risk and, on Friday, mortgage
bonds sold off more than their brethren. With GDP coming in at a preliminary
2.5% growth rate for the third quarter, mergers continuing apace with both
Oracle (NASDAQ: ORCL ) and Cigna (NYSE: CI ) and earnings growth continuing,
I'm not surprised that consumer confidence is at a low last seen at the bottom
of the last recession. Why? Because consumer confidence numbers, for all their
headline-grabbing, don't do a very good job of predicting economies or
markets. They just don't. In particular, at some of the nadirs for the
consumer confidence index, you'd have been particularly smart to have bet on
the consumer, rather than against them. As I said a couple of months ago, follow
what consumers do, not what they say. Retail sales are up and running at their
highest levels ever. Why else would FedEx (NYSE: FDX ) have announced that it
will hire 20,000 temporary workers (about 3,000 more than they hired last year)
for the holiday season? Economic slowdowns seldom are accompanied by increased
shipping demand. Oh, and UPS (NYSE: UPS ) chimed in with a more muted
expectation for growth, but more growth nonetheless, in the months ahead.
Finally, manufacturing continues in slow-growth, not no-growth mode as the
September durable goods report showed continued strength despite a decline in
aircraft orders, which was expected because of a burst of buying in August. All
in all, it was a good report.
almost solely on the ins and outs of the negotiations over Greece's debt and
the recapitalization plans for the euro banks, I hope last week's market moves
have quelled those thoughts. A 50% haircut on Greek bonds and happy talk about
repairs for the rest of the euro zone got markets moving around the globe
Thursday. Japan's Nikkei ended with a 2.0% gain, and Hong Kong moved up more
than 3.2%. London's FTSE was up 2.9%, German's DAX gained more than 5.3%,
and in France the CAC 40 was up almost 6.3%. With those kinds of numbers, our
own markets' gains look tame. The Dow ended Thursday's session with a 2.9%
rise, the S&P 500 Index was up almost 3.5% and the small-stock Russell 2000
index was up over 5%. All major U.S. stock indices, except for the Russell 2000,
are in positive territory year to date. Bonds took it on the chin. Wednesday's
2.2% yield on the 10-year Treasury turned into a 2.4% yield as investors sold.
Extended-Duration Treasury ETF (AMEX: EDV ), the longest Vanguard bond fund,
fell 5.6% Thursday. About the only government bonds gaining ground Thursday were
Greek, Italian and Spanish bonds. New Zealand's bond market was flat. Looking
homeward, though, I believe that lost in the minutiae surrounding Greece and the
euro bailout was this question: What does the announcement by the government of
a plan to make it easier to refinance Freddie or Fannie mortgages at lower rates
(assuming you are current on your existing mortgage) do to that market? I
don't see how it doesn't raise prepayment risk and, on Friday, mortgage
bonds sold off more than their brethren. With GDP coming in at a preliminary
2.5% growth rate for the third quarter, mergers continuing apace with both
Oracle (NASDAQ: ORCL ) and Cigna (NYSE: CI ) and earnings growth continuing,
I'm not surprised that consumer confidence is at a low last seen at the bottom
of the last recession. Why? Because consumer confidence numbers, for all their
headline-grabbing, don't do a very good job of predicting economies or
markets. They just don't. In particular, at some of the nadirs for the
consumer confidence index, you'd have been particularly smart to have bet on
the consumer, rather than against them. As I said a couple of months ago, follow
what consumers do, not what they say. Retail sales are up and running at their
highest levels ever. Why else would FedEx (NYSE: FDX ) have announced that it
will hire 20,000 temporary workers (about 3,000 more than they hired last year)
for the holiday season? Economic slowdowns seldom are accompanied by increased
shipping demand. Oh, and UPS (NYSE: UPS ) chimed in with a more muted
expectation for growth, but more growth nonetheless, in the months ahead.
Finally, manufacturing continues in slow-growth, not no-growth mode as the
September durable goods report showed continued strength despite a decline in
aircraft orders, which was expected because of a burst of buying in August. All
in all, it was a good report.
Gold Futures Dip 1.3%, Cut October Gain to 6.3%
Gold futures declined Monday as a rally in the U.S dollar pressured commodities
and the broader financial markets. COMEX gold for December 2011 delivery the
most actively-traded contract fell $22.00, or 1.3%, to finish at $1,725.20 per
ounce.
and the broader financial markets. COMEX gold for December 2011 delivery the
most actively-traded contract fell $22.00, or 1.3%, to finish at $1,725.20 per
ounce.
Take Advantage of Apple Stock’s Short-Term Dip
Like everything in 2011, earnings season has been one of extremes. Strong
reports are rocketing stocks higher, and any hint of poor earnings is sending
investors packing. Take Apple Inc. (NASDAQ: AAPL ) for example: Apple announced
that its earnings results came in below analysts' expectations, the first such
miss since 2004. Revenue for the company came in at $28.3 billion, and the
company posted $7.05 earnings per share representing a 3.9% and 3.2% miss,
respectively. However, it's important to keep in mind that these results
represent 39% revenue growth and 54% earnings growth year-over-year. That's
solid growth for a large-cap company, and gross margin remains high at 40.3%
compared with 36.9% last year. The big reason why Apple posted this miss is
because they are a victim of their own success. Customers held off on purchasing
iPhones this quarter due to rumors that the company would be introducing a newer
version in October. Of course that is exactly what happened, and Apple announced
first day pre-orders exceeded 1 million units and exceeded the previous record
of 600,000. In total, they sold over 4 million of the new units in the first
three days. This represents more than double the 1.7 million sold by Apple last
year during the introduction of the iPhone 4. And, considering that Apple sold
17 million iPhones in the last quarter, the company is well on its way for more
blowout top- and bottom-line growth. This is why the stock was not punished on
the earnings miss and will quickly approach 52-week high levels. And I highly
recommend that you take advantage of this short-term dip and pick up shares of
AAPL under $420. The company is a screaming buy at current prices.
reports are rocketing stocks higher, and any hint of poor earnings is sending
investors packing. Take Apple Inc. (NASDAQ: AAPL ) for example: Apple announced
that its earnings results came in below analysts' expectations, the first such
miss since 2004. Revenue for the company came in at $28.3 billion, and the
company posted $7.05 earnings per share representing a 3.9% and 3.2% miss,
respectively. However, it's important to keep in mind that these results
represent 39% revenue growth and 54% earnings growth year-over-year. That's
solid growth for a large-cap company, and gross margin remains high at 40.3%
compared with 36.9% last year. The big reason why Apple posted this miss is
because they are a victim of their own success. Customers held off on purchasing
iPhones this quarter due to rumors that the company would be introducing a newer
version in October. Of course that is exactly what happened, and Apple announced
first day pre-orders exceeded 1 million units and exceeded the previous record
of 600,000. In total, they sold over 4 million of the new units in the first
three days. This represents more than double the 1.7 million sold by Apple last
year during the introduction of the iPhone 4. And, considering that Apple sold
17 million iPhones in the last quarter, the company is well on its way for more
blowout top- and bottom-line growth. This is why the stock was not punished on
the earnings miss and will quickly approach 52-week high levels. And I highly
recommend that you take advantage of this short-term dip and pick up shares of
AAPL under $420. The company is a screaming buy at current prices.
Top 10 U.S.-Listed Chinese Stocks with Highest Dividend Yield: NPD, HNP, SSW, GA, CHL, PTR, SNP, CISG, CEO, EJ (Oct 31, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest dividend yields
for the last 12 months. China Nepstar Chain Drugstore Ltd.(ADR) (NYSE:NPD) has
the 1st highest dividend yield in this segment of the market. Its current
dividend yield is 11.91%. Its dividend payout ratio was N/A for the last 12
months. Huaneng Power International, Inc. (ADR) (NYSE:HNP) has the 2nd highest
dividend yield in this segment of the market. Its current dividend yield is
6.61%. Its dividend payout ratio was 110.39% for the last 12 months. Seaspan
Corporation (NYSE:SSW) has the 3rd highest dividend yield in this segment of the
market. Its current dividend yield is 5.18%. Its dividend payout ratio was
87.79% for the last 12 months. Giant Interactive Group Inc (ADR) (NYSE:GA) has
the 4th highest dividend yield in this segment of the market. Its current
dividend yield is 4.42%. Its dividend payout ratio was N/A for the last 12
months. China Mobile Ltd. (ADR) (NYSE:CHL) has the 5th highest dividend yield in
this segment of the market. Its current dividend yield is 4.27%. Its dividend
payout ratio was 43.06% for the last 12 months. PetroChina Company Limited (ADR)
(NYSE:PTR) has the 6th highest dividend yield in this segment of the market. Its
current dividend yield is 4.02%. Its dividend payout ratio was N/A for the last
12 months. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) has the 7th highest
dividend yield in this segment of the market. Its current dividend yield is
3.65%. Its dividend payout ratio was 25.73% for the last 12 months. CNinsure
Inc. (ADR) (NASDAQ:CISG) has the 8th highest dividend yield in this segment of
the market. Its current dividend yield is 3.30%. Its dividend payout ratio was
18.47% for the last 12 months. CNOOC Limited (ADR) (NYSE:CEO) has the 9th
highest dividend yield in this segment of the market. Its current dividend yield
is 3.12%. Its dividend payout ratio was 27.61% for the last 12 months. E-House
(China) Holdings Limited (ADR) (NYSE:EJ) has the 10th highest dividend yield in
this segment of the market. Its current dividend yield is 2.80%. Its dividend
payout ratio was N/A for the last 12 months.
for the last 12 months. China Nepstar Chain Drugstore Ltd.(ADR) (NYSE:NPD) has
the 1st highest dividend yield in this segment of the market. Its current
dividend yield is 11.91%. Its dividend payout ratio was N/A for the last 12
months. Huaneng Power International, Inc. (ADR) (NYSE:HNP) has the 2nd highest
dividend yield in this segment of the market. Its current dividend yield is
6.61%. Its dividend payout ratio was 110.39% for the last 12 months. Seaspan
Corporation (NYSE:SSW) has the 3rd highest dividend yield in this segment of the
market. Its current dividend yield is 5.18%. Its dividend payout ratio was
87.79% for the last 12 months. Giant Interactive Group Inc (ADR) (NYSE:GA) has
the 4th highest dividend yield in this segment of the market. Its current
dividend yield is 4.42%. Its dividend payout ratio was N/A for the last 12
months. China Mobile Ltd. (ADR) (NYSE:CHL) has the 5th highest dividend yield in
this segment of the market. Its current dividend yield is 4.27%. Its dividend
payout ratio was 43.06% for the last 12 months. PetroChina Company Limited (ADR)
(NYSE:PTR) has the 6th highest dividend yield in this segment of the market. Its
current dividend yield is 4.02%. Its dividend payout ratio was N/A for the last
12 months. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) has the 7th highest
dividend yield in this segment of the market. Its current dividend yield is
3.65%. Its dividend payout ratio was 25.73% for the last 12 months. CNinsure
Inc. (ADR) (NASDAQ:CISG) has the 8th highest dividend yield in this segment of
the market. Its current dividend yield is 3.30%. Its dividend payout ratio was
18.47% for the last 12 months. CNOOC Limited (ADR) (NYSE:CEO) has the 9th
highest dividend yield in this segment of the market. Its current dividend yield
is 3.12%. Its dividend payout ratio was 27.61% for the last 12 months. E-House
(China) Holdings Limited (ADR) (NYSE:EJ) has the 10th highest dividend yield in
this segment of the market. Its current dividend yield is 2.80%. Its dividend
payout ratio was N/A for the last 12 months.
Northrop Grumman (NYSE:NOC) Gets Japan Deal
Northrop Grumman (NYSE:NOC) has received a new contract from Japan. Northrop
Grumman (NYSE:NOC) Gets Japan Deal Under this new deal, the Undersea Systems
business unit of Northrop Grumman (NYSE:NOC) will supply the AQS-24A airborne
mine-hunting system to the Japan Maritime Self-Defense Force. Tom Jones, vice
president of Northrop Grumman (NYSE:NOC)s Undersea Systems business unit said,
"The combination of our proven high performance, low cost and ease of
integration in the MCH-101 airframe makes the AQS-24A the ideal choice for
Japans helicopter-based mine-hunting needs." Northrop Grumman (NYSE:NOC)
shares were at 57.92 at the end of the last days trading. Theres been a -4.3%
movement in the stock price over the past 3 months. Northrop Grumman (NYSE:NOC)
Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.79 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 2.81 Zacks Rank: 2 out of 7 in the industry
Grumman (NYSE:NOC) Gets Japan Deal Under this new deal, the Undersea Systems
business unit of Northrop Grumman (NYSE:NOC) will supply the AQS-24A airborne
mine-hunting system to the Japan Maritime Self-Defense Force. Tom Jones, vice
president of Northrop Grumman (NYSE:NOC)s Undersea Systems business unit said,
"The combination of our proven high performance, low cost and ease of
integration in the MCH-101 airframe makes the AQS-24A the ideal choice for
Japans helicopter-based mine-hunting needs." Northrop Grumman (NYSE:NOC)
shares were at 57.92 at the end of the last days trading. Theres been a -4.3%
movement in the stock price over the past 3 months. Northrop Grumman (NYSE:NOC)
Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.79 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 2.81 Zacks Rank: 2 out of 7 in the industry
Sentiment on Gold Rebounding from “Very Bearish Extreme”
Gold sentiment has begun to climb over the past week from a very bearish
extreme, according to Macquarie Equities Research analyst Stephen Harris. In a
note to clients on Monday, Harris higlighted the Ned Davis Research (NDR) Daily
Gold Sentiment Composite, which fell to 7.1 on October 14 its lowest level
since at least January 1, 2006 (he did not provide data going back further).
Since that time, the NDR Daily Gold Sentiment Composite
extreme, according to Macquarie Equities Research analyst Stephen Harris. In a
note to clients on Monday, Harris higlighted the Ned Davis Research (NDR) Daily
Gold Sentiment Composite, which fell to 7.1 on October 14 its lowest level
since at least January 1, 2006 (he did not provide data going back further).
Since that time, the NDR Daily Gold Sentiment Composite
Top 10 Small Cap Stocks with Most Analyst Upgrades: SYNA, FHN, GTE, TSL, FST, ZUMZ, TCB, HOS, EGP, FMBI (Oct 31, 2011)
Below are the top 10 Small Cap stocks with most analyst upgrades in the past
four weeks. Sentiment on these stocks is turning more positive. One Chinese
company (TSL) is on the list. Synaptics, Incorporated (NASDAQ:SYNA) has the 1st
most analyst upgrades in the past four weeks. It was upgraded by 4 brokerage
analyst(s) in this period. The stock is rated positively by 8 of the 17 analysts
covering it. First Horizon National Corporation (NYSE:FHN) has the 2nd most
analyst upgrades in the past four weeks. It was upgraded by 3 brokerage
analyst(s) in this period. The stock is rated positively by 15 of the 30
analysts covering it. Gran Tierra Energy Inc. (AMEX:GTE) has the 3rd 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 22 of the 24
analysts covering it. Trina Solar Limited (ADR) (NYSE:TSL) has the 4th 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 22 of the 34
analysts covering it. Forest Oil Corporation (NYSE:FST) has the 5th 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 13 of the 20 analysts covering it.
Zumiez Inc. (NASDAQ:ZUMZ) has the 6th 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 10 of the 22 analysts covering it. TCF Financial Corporation
(NYSE:TCB) has the 7th 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 9 of the 19 analysts covering it. Hornbeck Offshore Services, Inc. (NYSE:HOS)
has the 8th 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 7 of the
11 analysts covering it. EastGroup Properties Inc. (NYSE:EGP) has the 9th 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 7 of the 16 analysts
covering it. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has the 10th 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 12 analysts covering it.
four weeks. Sentiment on these stocks is turning more positive. One Chinese
company (TSL) is on the list. Synaptics, Incorporated (NASDAQ:SYNA) has the 1st
most analyst upgrades in the past four weeks. It was upgraded by 4 brokerage
analyst(s) in this period. The stock is rated positively by 8 of the 17 analysts
covering it. First Horizon National Corporation (NYSE:FHN) has the 2nd most
analyst upgrades in the past four weeks. It was upgraded by 3 brokerage
analyst(s) in this period. The stock is rated positively by 15 of the 30
analysts covering it. Gran Tierra Energy Inc. (AMEX:GTE) has the 3rd 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 22 of the 24
analysts covering it. Trina Solar Limited (ADR) (NYSE:TSL) has the 4th 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 22 of the 34
analysts covering it. Forest Oil Corporation (NYSE:FST) has the 5th 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 13 of the 20 analysts covering it.
Zumiez Inc. (NASDAQ:ZUMZ) has the 6th 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 10 of the 22 analysts covering it. TCF Financial Corporation
(NYSE:TCB) has the 7th 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 9 of the 19 analysts covering it. Hornbeck Offshore Services, Inc. (NYSE:HOS)
has the 8th 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 7 of the
11 analysts covering it. EastGroup Properties Inc. (NYSE:EGP) has the 9th 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 7 of the 16 analysts
covering it. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has the 10th 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 12 analysts covering it.
Todays DJIA Dow Jones Average Index DJX DJI, Nasdaq, S&P 500 Stock Market Investing News World Stock Economy Today Mid-Day
Prior to opening bell this morning, stock futures looked similar to stock close
the previous session. The U.S. stock futures for the primary stock indices in
the U.S. were mixed. The U.S. indices have posted more positive trends during
the month of October and are poised to end the month with noteworthy gains
overall. Index movement has benefited from positive action observed in the
global marketplace. Investors were confident that European leaders would
collaborate and agree upon a debt resolution plan for Greece. This happened and
stock trends surged higher. Prior to opening bell this morning though, global
trends were posting on the negative side of break-even. The primary index
composites closed out red across the board in Asia. The Nikkei closed lower by
.69 percent. The Hang Seng closed lower by .77 percent. The Shanghai Composite
closed lower by .21 percent. Stock action in Europe this day was weak as well.
The Primary composites in the eurozone finished the day red across the board.
These weaker trends are applying negative pressure towards the primary indices
in the U.S. to close out the month of October. As the session reached the
mid-day mark today, the primary indices in the U.S. were also posting red across
the board. The Dow Jones Industrial Average was lower at this point by 1.26
percent at 12,077.24. The Nasdaq was lower by 1.08 percent at 2,707.48 and the
S&P 500 was lower by 1.33 percent at 1,267.89 as of the halfway point in the
session today. Frank Matto
the previous session. The U.S. stock futures for the primary stock indices in
the U.S. were mixed. The U.S. indices have posted more positive trends during
the month of October and are poised to end the month with noteworthy gains
overall. Index movement has benefited from positive action observed in the
global marketplace. Investors were confident that European leaders would
collaborate and agree upon a debt resolution plan for Greece. This happened and
stock trends surged higher. Prior to opening bell this morning though, global
trends were posting on the negative side of break-even. The primary index
composites closed out red across the board in Asia. The Nikkei closed lower by
.69 percent. The Hang Seng closed lower by .77 percent. The Shanghai Composite
closed lower by .21 percent. Stock action in Europe this day was weak as well.
The Primary composites in the eurozone finished the day red across the board.
These weaker trends are applying negative pressure towards the primary indices
in the U.S. to close out the month of October. As the session reached the
mid-day mark today, the primary indices in the U.S. were also posting red across
the board. The Dow Jones Industrial Average was lower at this point by 1.26
percent at 12,077.24. The Nasdaq was lower by 1.08 percent at 2,707.48 and the
S&P 500 was lower by 1.33 percent at 1,267.89 as of the halfway point in the
session today. Frank Matto
Todays Gold Price Per Ounce Spot Gold Price Per Gram; Spot Silver price per ounce Mid-Day Today
Gold and silver moved positively during the month of October and were able to
push price trends above the break-even point for the month. Gold and silver
price trends regained their shimmer as they climbed the ladder in throughout
October. The safe haven appeal attracted investor attention throughout the month
as investors worried about the ongoing economic crisis in the eurozone. Prior to
opening bell today however, gold and silver trend-line movement was posting in
the red. Spot gold price per gram was trending below break-even as was spot
silver price per ounce trend-line movement. It appears that the win streak for
precious metal gold and silver could be in jeopardy. As the trading session
reached the mid-day mark in the U.S., the primary stock indices were red across
the board. Contract gold for December delivery was posting lower by 1.34 percent
at 1723.80 per troy ounce. Contract Silver for December delivery was posting
lower by 2.40 percent at 34.44 per troy ounce according to electronic pricing.
Spot gold price per gram was posting lower by .74 at 55.43 and spot Silver price
per ounce was posting lower by .93 at 34.36. Camillo Zucari
push price trends above the break-even point for the month. Gold and silver
price trends regained their shimmer as they climbed the ladder in throughout
October. The safe haven appeal attracted investor attention throughout the month
as investors worried about the ongoing economic crisis in the eurozone. Prior to
opening bell today however, gold and silver trend-line movement was posting in
the red. Spot gold price per gram was trending below break-even as was spot
silver price per ounce trend-line movement. It appears that the win streak for
precious metal gold and silver could be in jeopardy. As the trading session
reached the mid-day mark in the U.S., the primary stock indices were red across
the board. Contract gold for December delivery was posting lower by 1.34 percent
at 1723.80 per troy ounce. Contract Silver for December delivery was posting
lower by 2.40 percent at 34.44 per troy ounce according to electronic pricing.
Spot gold price per gram was posting lower by .74 at 55.43 and spot Silver price
per ounce was posting lower by .93 at 34.36. Camillo Zucari
Gold Shares Drop, NEM Downgraded, AEM, GG Targets Cut
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold shares opened the week lower on Monday as a sell-off in COMEX gold futures combined with negative commentary on several of the world’s largest gold miners to pressure the sector. The AMEX Gold Bugs Index (HUI) fell1.6% to 573.17 in morning trading.
Analyst Actions on Chinese Stocks: ASIA, BIDU, CEA, CHA, CSUN, CYOU, EJ, HNP … (Oct 31, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are today's
Monday Apple Rumors — Check Yourself Out With Your iPhone
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Here are your daily Apple rumors and AAPL stock news items for Monday: Apple Store Gets iPhone Self-Checkout Support: Apple ( NASDAQ : AAPL ) product owners are slowly watching their lives become a specific ecosystem thanks to the most famous company in Cupertino, Calif. The iPhone owner goes to work having already had a meeting on FaceTime, then uses his MacBook to do business before going home to make dinner using a recipe app on his iPad while listening to iTunes. Now, according to a Sunday report at Mac Rumors , iPhone users also will be able to check themselves out when shopping at the Apple store . The report says Apple will release an app for self-checkout that will charge the users’ iTunes account when they pay for items at the company’s stores. Larger purchases — Macs, iPads, etc. — still will require assistance from store clerks. More iPads Than Computers at Schools in 2016: Piper Jaffray analyst Gene Munster conducted a survey of 25 school technology directors, and it appears — according to a report at Apple Insider detailing the results — that the iPad will be a fixture in American education by 2016. All survey respondents have either introduced or are testing the iPad within their schools. None, meanwhile, have used or plan to use Google ( NASDAQ : GOOG ) Android tablets. These IT directors said that, as of now, there are approximately 10 students to every computer in their schools. Within five years, however, the directors expect there to be six students for every iPad in their schools . Good news for Apple and its education supply business; bad news for the future of typing skills. Next Version of Mac Operating System Already in Testing: A Monday report at Mac Rumors (via 9 to 5 Mac ) said web logs of online visitors at the website from Apple’s headquarters and the Silicon Valley area already are testing Mac OS 10.8 . Apple just released the latest update to its laptop and desktop computer operating system, OS 10.7 or Lion, this past July. That version of OS X brought the operating system closer in line with the iOS platform running on the iPhone and iPad. That the company is testing a new version of its OS isn’t surprising, but it is revealing. Industry commentators have been predicting that Apple will shift to a single operating system for all their products in the near future. These tests indicate that the OS X platform will stick around for some time to come. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company
XCSFDHG46767FHJHJF
tdp2664 E money daily Apple Inc. ( NASDAQ :AAPL) has acquired Sweden based 3D mapping firm C3 Technologies. Apple Inc. ( NASDAQ :AAPL) Buys 3D Map Company As a part of the move to improve maps for its iOS devices, Apple Inc. ( NASDAQ :AAPL) is acquiring C3 Technologies. This is the third mapping company Apple Inc. (NASDAQ:AAPL) has purchased in roughly two years. According to 9to5mac.com, "We've now confirmed that Apple Inc. (NASDAQ:AAPL) has purchased a second 3D-mapping company. In August of this year it was discovered that 3D mapping company C3 Technologies had been purchased and shut down by its buyer. While there was no true evidence for this, there was speculation that Apple could be one of a handful of companies that could be the buyers of C3 Technologies." Apple Inc. (NASDAQ:AAPL) shares were at 404.95 at the end of the last day’s trading. There’s been a 3.7% change in the stock price over the past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zack’s Rank: 1 out of 2 in the industry
Dollar Up on Japan Intervention; Gold, Silver, Miners Down
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace A stronger U.S. dollar is taking its toll on precious metals, along with stocks, as October draws to an end. Japan’s central bank intervened in the foreign exchange market to put an end to the appreciation of the yen, marking the third time this year Japan has done so. Japan is believed to have sold the largest amount of yen ever for a single day in its latest intervention. The dollar jumped nearly 3% against the yen and strengthened against other major currencies as a result, which in turn sent precious metals, commodities and share prices lower. Spot gold was down around 1.35% at 10 a.m., having hit a high of $1,726.80 and a low of $1,715 Monday morning. Spot gold was bid at $1,719.70 per ounce with an ask price of $1,720.70. The morning reference price was fixed at $1,718, according to Kitco market data . Spot silver was nearly 2.9% lower, trading at $34.27 Bid, $34.37 Ask, having hit a morning high of $34.73 and a low of $34.03. Friday’s reference price was set at $34.24 per ounce in the London a.m. Gold and silver trusts were down sharply in exchange trading. The SPDR Gold Trust (AMEX: GLD ) was more than 1.3% lower. The iShares Gold Trust (AMEX: IAU ) was down nearly 1.3%. The iShares Silver Trust (AMEX: SLV ) was sharply lower, down more than 2.6%. Gold and silver mining ETFs were sharply lower as well. The Market Vectors Gold Miners ETF (AMEX: GDX ) was 1.7% lower. The Market Vector Junior Gold Miners ETF (AMEX: GDXJ ) was down over 2.2%. The Global X Silver Miners ETF (AMEX: SIL ) was more than 2.3% lower. Shares of gold miners were showing sizable morning losses. Agnico-Eagle Mines (USA) (NYSE: AEM ) was around 1% lower. Barrick Gold Corp. (NYSE: ABX ) was between 1.5% and 1.65% lower. Goldcorp (NYSE: GG ) was down around 1.5%. Newmont Mining Corp. (NYSE: NEM ) was between 2.3% and 2.5% lower. NovaGold Resources (USA) (AMEX: NG ) was down some 1.9%. Silver miners’ shares were down sharply across the board. Coeur D’Alene Mines Corp. (NYSE: CDE ) was some 2.8% lower. Hecla Mining (NYSE: HL ) was down around 2.75%. Pan American Silver Corp. (USA) ( NASDAQ : PAAS ) was down 2.2%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was showing losses of around 2.8%. Silver Standard Resources Inc. (USA) ( NASDAQ : SSRI ) was down more than 2.5%. As of this writing, Andrew Burger did not own a position in any of the aforementioned stocks.
Google Inc. (NASDAQ:GOOG) Opening New Content Channels
Google Inc. (NASDAQ:GOOG) has plans to add 100 new video channels to YouTube.
Google Inc. (NASDAQ:GOOG) Opening New Content Channels Google Inc. (NASDAQ:GOOG)
has announced the company is planning to add more original contents to its video
site YouTube in an entertainment venture with some big names. The company will
include more than 100 new video channels produced by well-known celebrities,
Hollywood production companies and media-groups. Google Inc. (NASDAQ:GOOG) has
plans to spend $100 million to produce content from known personalities and
companies including Madonna, Amy Poehler, Rainn Wilson, Shaquille O'Neal and
others. The partners will produce 25 hours of niche oriented contents daily.
Google Inc. (NASDAQ:GOOG) shares were at 600.14 at the end of the last days
trading. Theres been a -0.6% movement in the stock price over the past 3 months.
Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.19 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.26 Zacks
Rank: 6 out of 31 in the industry
Google Inc. (NASDAQ:GOOG) Opening New Content Channels Google Inc. (NASDAQ:GOOG)
has announced the company is planning to add more original contents to its video
site YouTube in an entertainment venture with some big names. The company will
include more than 100 new video channels produced by well-known celebrities,
Hollywood production companies and media-groups. Google Inc. (NASDAQ:GOOG) has
plans to spend $100 million to produce content from known personalities and
companies including Madonna, Amy Poehler, Rainn Wilson, Shaquille O'Neal and
others. The partners will produce 25 hours of niche oriented contents daily.
Google Inc. (NASDAQ:GOOG) shares were at 600.14 at the end of the last days
trading. Theres been a -0.6% movement in the stock price over the past 3 months.
Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.19 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.26 Zacks
Rank: 6 out of 31 in the industry
Gold Shares Drop, NEM Downgraded, AEM, GG Targets Cut
Gold shares opened the week lower on Monday as a sell-off in COMEX gold futures
combined with negative commentary on several of the worlds largest gold miners
to pressure the sector. The AMEX Gold Bugs Index (HUI) fell1.6% to 573.17 in
morning trading.
combined with negative commentary on several of the worlds largest gold miners
to pressure the sector. The AMEX Gold Bugs Index (HUI) fell1.6% to 573.17 in
morning trading.
Dollar Up on Japan Intervention; Gold, Silver, Miners Down
A stronger U.S. dollar is taking its toll on precious metals, along with
stocks, as October draws to an end. Japans central bank intervened in the
foreign exchange market to put an end to the appreciation of the yen, marking
the third time this year Japan has done so. Japan is believed to have sold the
largest amount of yen ever for a single day in its latest intervention. The
dollar jumped nearly 3% against the yen and strengthened against other major
currencies as a result, which in turn sent precious metals, commodities and
share prices lower. Spot gold was down around 1.35% at 10 a.m., having hit a
high of $1,726.80 and a low of $1,715 Monday morning. Spot gold was bid at
$1,719.70 per ounce with an ask price of $1,720.70. The morning reference price
was fixed at $1,718, according to Kitco market data . Spot silver was nearly
2.9% lower, trading at $34.27 Bid, $34.37 Ask, having hit a morning high of
$34.73 and a low of $34.03. Fridays reference price was set at $34.24 per ounce
in the London a.m. Gold and silver trusts were down sharply in exchange trading.
The SPDR Gold Trust (AMEX: GLD ) was more than 1.3% lower. The iShares Gold
Trust (AMEX: IAU ) was down nearly 1.3%. The iShares Silver Trust (AMEX: SLV )
was sharply lower, down more than 2.6%. Gold and silver mining ETFs were sharply
lower as well. The Market Vectors Gold Miners ETF (AMEX: GDX ) was 1.7% lower.
The Market Vector Junior Gold Miners ETF (AMEX: GDXJ ) was down over 2.2%. The
Global X Silver Miners ETF (AMEX: SIL ) was more than 2.3% lower. Shares of gold
miners were showing sizable morning losses. Agnico-Eagle Mines (USA) (NYSE: AEM
) was around 1% lower. Barrick Gold Corp. (NYSE: ABX ) was between 1.5% and
1.65% lower. Goldcorp (NYSE: GG ) was down around 1.5%. Newmont Mining Corp.
(NYSE: NEM ) was between 2.3% and 2.5% lower. NovaGold Resources (USA) (AMEX: NG
) was down some 1.9%. Silver miners shares were down sharply across the board.
Coeur DAlene Mines Corp. (NYSE: CDE ) was some 2.8% lower. Hecla Mining (NYSE:
HL ) was down around 2.75%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was
down 2.2%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was showing losses of around
2.8%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was down more than
2.5%. As of this writing, Andrew Burger did not own a position in any of the
aforementioned stocks.
stocks, as October draws to an end. Japans central bank intervened in the
foreign exchange market to put an end to the appreciation of the yen, marking
the third time this year Japan has done so. Japan is believed to have sold the
largest amount of yen ever for a single day in its latest intervention. The
dollar jumped nearly 3% against the yen and strengthened against other major
currencies as a result, which in turn sent precious metals, commodities and
share prices lower. Spot gold was down around 1.35% at 10 a.m., having hit a
high of $1,726.80 and a low of $1,715 Monday morning. Spot gold was bid at
$1,719.70 per ounce with an ask price of $1,720.70. The morning reference price
was fixed at $1,718, according to Kitco market data . Spot silver was nearly
2.9% lower, trading at $34.27 Bid, $34.37 Ask, having hit a morning high of
$34.73 and a low of $34.03. Fridays reference price was set at $34.24 per ounce
in the London a.m. Gold and silver trusts were down sharply in exchange trading.
The SPDR Gold Trust (AMEX: GLD ) was more than 1.3% lower. The iShares Gold
Trust (AMEX: IAU ) was down nearly 1.3%. The iShares Silver Trust (AMEX: SLV )
was sharply lower, down more than 2.6%. Gold and silver mining ETFs were sharply
lower as well. The Market Vectors Gold Miners ETF (AMEX: GDX ) was 1.7% lower.
The Market Vector Junior Gold Miners ETF (AMEX: GDXJ ) was down over 2.2%. The
Global X Silver Miners ETF (AMEX: SIL ) was more than 2.3% lower. Shares of gold
miners were showing sizable morning losses. Agnico-Eagle Mines (USA) (NYSE: AEM
) was around 1% lower. Barrick Gold Corp. (NYSE: ABX ) was between 1.5% and
1.65% lower. Goldcorp (NYSE: GG ) was down around 1.5%. Newmont Mining Corp.
(NYSE: NEM ) was between 2.3% and 2.5% lower. NovaGold Resources (USA) (AMEX: NG
) was down some 1.9%. Silver miners shares were down sharply across the board.
Coeur DAlene Mines Corp. (NYSE: CDE ) was some 2.8% lower. Hecla Mining (NYSE:
HL ) was down around 2.75%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was
down 2.2%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was showing losses of around
2.8%. Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was down more than
2.5%. As of this writing, Andrew Burger did not own a position in any of the
aforementioned stocks.
Monday Apple Rumors — Check Yourself Out With Your iPhone
Here are your daily Apple rumors and AAPL stock news items for Monday: Apple
Store Gets iPhone Self-Checkout Support: Apple (NASDAQ: AAPL ) product owners
are slowly watching their lives become a specific ecosystem thanks to the most
famous company in Cupertino, Calif. The iPhone owner goes to work having already
had a meeting on FaceTime, then uses his MacBook to do business before going
home to make dinner using a recipe app on his iPad while listening to iTunes.
Now, according to a Sunday report at Mac Rumors , iPhone users also will be able
to check themselves out when shopping at the Apple store . The report says Apple
will release an app for self-checkout that will charge the users iTunes account
when they pay for items at the companys stores. Larger purchases Macs, iPads,
etc. still will require assistance from store clerks. More iPads Than Computers
at Schools in 2016: Piper Jaffray analyst Gene Munster conducted a survey of 25
school technology directors, and it appears according to a report at Apple
Insider detailing the results that the iPad will be a fixture in American
education by 2016. All survey respondents have either introduced or are testing
the iPad within their schools. None, meanwhile, have used or plan to use Google
(NASDAQ: GOOG ) Android tablets. These IT directors said that, as of now, there
are approximately 10 students to every computer in their schools. Within five
years, however, the directors expect there to be six students for every iPad in
their schools . Good news for Apple and its education supply business; bad news
for the future of typing skills. Next Version of Mac Operating System Already in
Testing: A Monday report at Mac Rumors (via 9 to 5 Mac ) said web logs of online
visitors at the website from Apples headquarters and the Silicon Valley area
already are testing Mac OS 10.8 . Apple just released the latest update to its
laptop and desktop computer operating system, OS 10.7 or Lion, this past July.
That version of OS X brought the operating system closer in line with the iOS
platform running on the iPhone and iPad. That the company is testing a new
version of its OS isnt surprising, but it is revealing. Industry commentators
have been predicting that Apple will shift to a single operating system for all
their products in the near future. These tests indicate that the OS X platform
will stick around for some time to come. As of this writing, Anthony John
Agnello did not own a position in any of the stocks named here. Follow him on
Twitter at
Store Gets iPhone Self-Checkout Support: Apple (NASDAQ: AAPL ) product owners
are slowly watching their lives become a specific ecosystem thanks to the most
famous company in Cupertino, Calif. The iPhone owner goes to work having already
had a meeting on FaceTime, then uses his MacBook to do business before going
home to make dinner using a recipe app on his iPad while listening to iTunes.
Now, according to a Sunday report at Mac Rumors , iPhone users also will be able
to check themselves out when shopping at the Apple store . The report says Apple
will release an app for self-checkout that will charge the users iTunes account
when they pay for items at the companys stores. Larger purchases Macs, iPads,
etc. still will require assistance from store clerks. More iPads Than Computers
at Schools in 2016: Piper Jaffray analyst Gene Munster conducted a survey of 25
school technology directors, and it appears according to a report at Apple
Insider detailing the results that the iPad will be a fixture in American
education by 2016. All survey respondents have either introduced or are testing
the iPad within their schools. None, meanwhile, have used or plan to use Google
(NASDAQ: GOOG ) Android tablets. These IT directors said that, as of now, there
are approximately 10 students to every computer in their schools. Within five
years, however, the directors expect there to be six students for every iPad in
their schools . Good news for Apple and its education supply business; bad news
for the future of typing skills. Next Version of Mac Operating System Already in
Testing: A Monday report at Mac Rumors (via 9 to 5 Mac ) said web logs of online
visitors at the website from Apples headquarters and the Silicon Valley area
already are testing Mac OS 10.8 . Apple just released the latest update to its
laptop and desktop computer operating system, OS 10.7 or Lion, this past July.
That version of OS X brought the operating system closer in line with the iOS
platform running on the iPhone and iPad. That the company is testing a new
version of its OS isnt surprising, but it is revealing. Industry commentators
have been predicting that Apple will shift to a single operating system for all
their products in the near future. These tests indicate that the OS X platform
will stick around for some time to come. As of this writing, Anthony John
Agnello did not own a position in any of the stocks named here. Follow him on
Twitter at
Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company
Apple Inc. (NASDAQ:AAPL) has acquired Sweden based 3D mapping firm C3
Technologies. Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company As a part of the move
to improve maps for its iOS devices, Apple Inc. (NASDAQ:AAPL) is acquiring C3
Technologies. This is the third mapping company Apple Inc. (NASDAQ:AAPL) has
purchased in roughly two years. According to 9to5mac.com, "We've now
confirmed that Apple Inc. (NASDAQ:AAPL) has purchased a second 3D-mapping
company. In August of this year it was discovered that 3D mapping company C3
Technologies had been purchased and shut down by its buyer. While there was no
true evidence for this, there was speculation that Apple could be one of a
handful of companies that could be the buyers of C3 Technologies." Apple Inc.
(NASDAQ:AAPL) shares were at 404.95 at the end of the last days trading. Theres
been a 3.7% change in the stock price over the past 3 months. Apple Inc.
(NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
Technologies. Apple Inc. (NASDAQ:AAPL) Buys 3D Map Company As a part of the move
to improve maps for its iOS devices, Apple Inc. (NASDAQ:AAPL) is acquiring C3
Technologies. This is the third mapping company Apple Inc. (NASDAQ:AAPL) has
purchased in roughly two years. According to 9to5mac.com, "We've now
confirmed that Apple Inc. (NASDAQ:AAPL) has purchased a second 3D-mapping
company. In August of this year it was discovered that 3D mapping company C3
Technologies had been purchased and shut down by its buyer. While there was no
true evidence for this, there was speculation that Apple could be one of a
handful of companies that could be the buyers of C3 Technologies." Apple Inc.
(NASDAQ:AAPL) shares were at 404.95 at the end of the last days trading. Theres
been a 3.7% change in the stock price over the past 3 months. Apple Inc.
(NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry
Gold Price Sinks as Risk Appetites Fall
GOLD PRICE NEWS – The gold price declined Monday morning as global financial
markets shifted from "risk on" to "risk off."
markets shifted from "risk on" to "risk off."
Premier Gold Raises C$33.4 Million to Help Fund Growth
Premier Gold Mines (PG.TSX) reported the completion of a previously announced
bought deal public offering for aggregate net proceeds of approximately C$31.65
million.
bought deal public offering for aggregate net proceeds of approximately C$31.65
million.
Cisco Systems (NASDAQ:CSCO) To Work On Asia Expansion
Cisco Systems (NASDAQ:CSCO) has announced a new incentive program for its
partners in Asia. Cisco Systems (NASDAQ:CSCO) To Work On Asia Expansion The US
based networking technology giant Cisco Systems (NASDAQ:CSCO) has launched
'Race to Rio', a new incentive program for its distributors and channel
partners in India and other SAARC nations, including Nepal, Bangladesh, Sri
Lanka, Maldives and Bhutan. The program offers partners a chance to win an all
expense paid trip to Rio De Janeiro, Brazil, in February 2012. Arun
Dharmalingam, vice president, Partner Led, Velocity Sales, Cisco Systems
(NASDAQ:CSCO) said, "Cisco Systems (NASDAQ:CSCO) is a partner-driven
organization and it's important for us to recognize and reward partners who
have demonstrated their commitment consistently to Cisco Systems (NASDAQ:CSCO)
and more importantly, to the customers at large." Cisco Systems Inc.
(NASDAQ:CSCO) shares are currently standing at 18.56. Price History Last Price:
18.56 52 Week Low / High: 13.3 / 24.6 50 Day Moving Average: 16.34 6 Month Price
Change %: 5.9% 12 Month Price Change %: -20.0%
partners in Asia. Cisco Systems (NASDAQ:CSCO) To Work On Asia Expansion The US
based networking technology giant Cisco Systems (NASDAQ:CSCO) has launched
'Race to Rio', a new incentive program for its distributors and channel
partners in India and other SAARC nations, including Nepal, Bangladesh, Sri
Lanka, Maldives and Bhutan. The program offers partners a chance to win an all
expense paid trip to Rio De Janeiro, Brazil, in February 2012. Arun
Dharmalingam, vice president, Partner Led, Velocity Sales, Cisco Systems
(NASDAQ:CSCO) said, "Cisco Systems (NASDAQ:CSCO) is a partner-driven
organization and it's important for us to recognize and reward partners who
have demonstrated their commitment consistently to Cisco Systems (NASDAQ:CSCO)
and more importantly, to the customers at large." Cisco Systems Inc.
(NASDAQ:CSCO) shares are currently standing at 18.56. Price History Last Price:
18.56 52 Week Low / High: 13.3 / 24.6 50 Day Moving Average: 16.34 6 Month Price
Change %: 5.9% 12 Month Price Change %: -20.0%
Top 10 Mid Cap Stocks with Most Analyst Upgrades: NE, EDU, WLL, JOYG, DRE, CREE, FSLR, VRTX, ENDP, CMA (Oct 31, 2011)
Below are the top 10 Mid Cap stocks with most analyst upgrades in the past four
weeks. Sentiment on these stocks is turning more positive. One Chinese company
(EDU) is on the list. Noble Corporation (NYSE:NE) has the 1st most analyst
upgrades in the past four weeks. It was upgraded by 8 brokerage analyst(s) in
this period. The stock is rated positively by 35 of the 44 analysts covering it.
New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has the 2nd most analyst
upgrades in the past four weeks. It was upgraded by 4 brokerage analyst(s) in
this period. The stock is rated positively by 9 of the 15 analysts covering it.
Whiting Petroleum Corporation (NYSE:WLL) has the 3rd most analyst upgrades in
the past four weeks. It was upgraded by 3 brokerage analyst(s) in this period.
The stock is rated positively by 23 of the 31 analysts covering it. Joy Global
Inc. (NASDAQ:JOYG) has the 4th most analyst upgrades in the past four weeks. It
was upgraded by 3 brokerage analyst(s) in this period. The stock is rated
positively by 13 of the 19 analysts covering it. Duke Realty Corporation
(NYSE:DRE) has the 5th most analyst upgrades in the past four weeks. It was
upgraded by 3 brokerage analyst(s) in this period. The stock is rated positively
by 9 of the 15 analysts covering it. Cree, Inc. (NASDAQ:CREE) has the 6th 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 20 of the 32
analysts covering it. First Solar, Inc. (NASDAQ:FSLR) has the 7th 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 20 of the 47 analysts covering it.
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) has the 8th 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 15 of the 24 analysts covering it.
Endo Pharmaceuticals (NASDAQ:ENDP) has the 9th 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 15 of the 25 analysts covering it. Comerica Incorporated
(NYSE:CMA) has the 10th 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 15 of the 33 analysts covering it.
weeks. Sentiment on these stocks is turning more positive. One Chinese company
(EDU) is on the list. Noble Corporation (NYSE:NE) has the 1st most analyst
upgrades in the past four weeks. It was upgraded by 8 brokerage analyst(s) in
this period. The stock is rated positively by 35 of the 44 analysts covering it.
New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has the 2nd most analyst
upgrades in the past four weeks. It was upgraded by 4 brokerage analyst(s) in
this period. The stock is rated positively by 9 of the 15 analysts covering it.
Whiting Petroleum Corporation (NYSE:WLL) has the 3rd most analyst upgrades in
the past four weeks. It was upgraded by 3 brokerage analyst(s) in this period.
The stock is rated positively by 23 of the 31 analysts covering it. Joy Global
Inc. (NASDAQ:JOYG) has the 4th most analyst upgrades in the past four weeks. It
was upgraded by 3 brokerage analyst(s) in this period. The stock is rated
positively by 13 of the 19 analysts covering it. Duke Realty Corporation
(NYSE:DRE) has the 5th most analyst upgrades in the past four weeks. It was
upgraded by 3 brokerage analyst(s) in this period. The stock is rated positively
by 9 of the 15 analysts covering it. Cree, Inc. (NASDAQ:CREE) has the 6th 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 20 of the 32
analysts covering it. First Solar, Inc. (NASDAQ:FSLR) has the 7th 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 20 of the 47 analysts covering it.
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) has the 8th 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 15 of the 24 analysts covering it.
Endo Pharmaceuticals (NASDAQ:ENDP) has the 9th 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 15 of the 25 analysts covering it. Comerica Incorporated
(NYSE:CMA) has the 10th 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 15 of the 33 analysts covering it.
My Halloween Watch List; 5 Under $20: GLUU, LOCM, JVA, YHOO, NVDA
Glu Mobile ( NASDAQ:GLUU ) is set to report earnings Thursday after the market
close. I played it last week for over $1,000 profit on the long side. Im short
biased this week due to all the resistance around $3.10 to $3.20. With futures
down this morning Ill be looking to make a day trade or two this week and go
long if they rock earnings Thursday. Ideal entry for me going short is $3.18
with cover goals around $2.88, $2.71 and $2.66. Friday will be interesting for
GLUU because if they can beat the Street I think well see a break of $3.50
resistance sending GLUU into a new trading range. I like this company and think
their long term outlook is worth watching closely. Ill be looking to trade GLUU
again Thursday in the post market or Friday once I read their report. Local.com
( NASDAQ:LOCM ) is set to report earnings Wednesday. Shares are up about over
50% from the recent low of $1.99 and the Relative Strength Index is starting to
get close to overbought. I traded LOCM recently from $2.25 to $2.70 for a nice
20% profit and just missed picking up the $2.40 consolidation. At this point Im
watching to see if shares hold the $3.00 range into earnings. There is already
some improved guidance out there so if they wow the Street we could see shares
pop back into the $4 range. I dont swing trade through earnings so Ill be
watching for their report Wednesday and trade it according. If they miss, then
Ill be short biased down to the $2.50 range which shows support from the 50 and
20 Moving Averages. Coffee Holding Co. ( NASDAQ:JVA ) has pulled back off its
most recent run from around $7 to $15 settling around $10 before making the
turn. With support at $10.61 Ill eye up entry and if I find one I like, Ill look
to play it long between the 200 Moving Average an the 50 Moving Average or
$10.61 to $13.64 respectively. A break of $14.73 $15.00 would signal a bullish
move up to the $18.00 $20.00 range. A drop below $9.55 and JVA will be moved to
my short list because thats the recent low. Yahoo Inc. ( NASDAQ:YHOO ) is
pulling back this morning as expected with Nasdaq futures pointing lower.
Surrounded by buyout speculation still Ill be looking to swing YHOO around
$15.50 if it dips that far and depending on the market I might actually wait for
$15.00. Last weeks double cross of the 20 and 200 Moving Average is considered a
bullish sign but shares are getting close to overbought with a 63 reading on the
Relative Strength Index. It is important to note, however, shares can remain
overbought so long as accumulation continues to rise and with all the buyout
speculation, that will likely be the case as big short sellers will be cautious
ahead of any major annoucement. NVIDIA Corp. ( NASDAQ:NVDA ) is set to report
earnings next Thursday. With the holiday season right around the corner Ill be
looking to trade NVDA long into earnings as bulls speculate on the future
outlook. My target entry is technically based at the 20 and 50 Moving Averages
of $14.54 and $14.03 respectively with a goal of a breakout above $16.10 before
earnings.
close. I played it last week for over $1,000 profit on the long side. Im short
biased this week due to all the resistance around $3.10 to $3.20. With futures
down this morning Ill be looking to make a day trade or two this week and go
long if they rock earnings Thursday. Ideal entry for me going short is $3.18
with cover goals around $2.88, $2.71 and $2.66. Friday will be interesting for
GLUU because if they can beat the Street I think well see a break of $3.50
resistance sending GLUU into a new trading range. I like this company and think
their long term outlook is worth watching closely. Ill be looking to trade GLUU
again Thursday in the post market or Friday once I read their report. Local.com
( NASDAQ:LOCM ) is set to report earnings Wednesday. Shares are up about over
50% from the recent low of $1.99 and the Relative Strength Index is starting to
get close to overbought. I traded LOCM recently from $2.25 to $2.70 for a nice
20% profit and just missed picking up the $2.40 consolidation. At this point Im
watching to see if shares hold the $3.00 range into earnings. There is already
some improved guidance out there so if they wow the Street we could see shares
pop back into the $4 range. I dont swing trade through earnings so Ill be
watching for their report Wednesday and trade it according. If they miss, then
Ill be short biased down to the $2.50 range which shows support from the 50 and
20 Moving Averages. Coffee Holding Co. ( NASDAQ:JVA ) has pulled back off its
most recent run from around $7 to $15 settling around $10 before making the
turn. With support at $10.61 Ill eye up entry and if I find one I like, Ill look
to play it long between the 200 Moving Average an the 50 Moving Average or
$10.61 to $13.64 respectively. A break of $14.73 $15.00 would signal a bullish
move up to the $18.00 $20.00 range. A drop below $9.55 and JVA will be moved to
my short list because thats the recent low. Yahoo Inc. ( NASDAQ:YHOO ) is
pulling back this morning as expected with Nasdaq futures pointing lower.
Surrounded by buyout speculation still Ill be looking to swing YHOO around
$15.50 if it dips that far and depending on the market I might actually wait for
$15.00. Last weeks double cross of the 20 and 200 Moving Average is considered a
bullish sign but shares are getting close to overbought with a 63 reading on the
Relative Strength Index. It is important to note, however, shares can remain
overbought so long as accumulation continues to rise and with all the buyout
speculation, that will likely be the case as big short sellers will be cautious
ahead of any major annoucement. NVIDIA Corp. ( NASDAQ:NVDA ) is set to report
earnings next Thursday. With the holiday season right around the corner Ill be
looking to trade NVDA long into earnings as bulls speculate on the future
outlook. My target entry is technically based at the 20 and 50 Moving Averages
of $14.54 and $14.03 respectively with a goal of a breakout above $16.10 before
earnings.
3 Reasons Coinstar Is No Netflix
Sometimes, the intelligent quotient of the market is remarkably low.
Institutional investors are adept at taking advantage of this fact with a
manufactured story that results in the masses taking the bait. Case in point is
Friday's selloff in Coinstar (NASDAQ: CSTR ). The owner and operator of the
DVD rental system Redbox saw its shares drop 7% after the company reported
earnings that crushed estimates. That's right Coinstar delivered a stellar
earnings report and the stock is getting whacked. Why? Netflix (NASDAQ: NFLX ).
The massive blow-up of the former high-flyer has made Coinstar an easy target.
The argument easily spread by hedge fund short sellers is that, like Netflix,
Coinstar will be easily bumped from its perch by competition from streaming
movies or bigger players that eventually will take over the kiosk model. The
story is easy to sell to gullible investors, but the case against Coinstar is
thin. The simple explanation for the selling was that CSTR somehow disappointed
investors by lowering guidance for the fourth quarter. In reality, the company
raised guidance for the full year thanks to a huge beat in the third quarter.
Indeed, guidance for the fourth quarter was less than what Wall Street was
looking for, but net-net, the company is ahead of the game. Anyone with half a
brain can understand why the outlook for the fourth quarter is lower: Management
is being prudent. Coinstar is raising prices on its rentals from $1 to $1.20,
and it knows there might be a slight push-back from consumers, a la Netflix. At
the same time, economic uncertainty is enough to make any management team take a
more cautious approach to running its business. But does that conservative
stance mean the company should be valued any less? I don't think so. At the
end of the day, CSTR is going to put up an annual profit number higher than what
Wall Street was looking for before earnings were released. As for comparisons to
Netflix, there is no comparison. The two situations are entirely different. Here
are three reasons why: Valuation Anyone comparing Netflix to Coinstar clearly
has a limited grasp on the importance of valuation. Prior to releasing earnings,
Wall Street was looking for Coinstar to make $3.09 per share in 2011. For 2012,
the estimate was for the company to make $3.79. That represents a jump of 23%.
At Thursday's close of $52.95 per share, Coinstar was trading for a very
modest 17 times current-year estimates of earnings. Netflix was an entirely
different story. Prior to NFLX releasing earnings, management had made a series
of massive missteps that justifiably raised issues with respect to future
earnings. At the same time, shares of Netflix traded for a hefty 27 times
current-year estimated earnings. It doesn't take a doctorate to realize that
if earnings are in question, valuation must come down.
Institutional investors are adept at taking advantage of this fact with a
manufactured story that results in the masses taking the bait. Case in point is
Friday's selloff in Coinstar (NASDAQ: CSTR ). The owner and operator of the
DVD rental system Redbox saw its shares drop 7% after the company reported
earnings that crushed estimates. That's right Coinstar delivered a stellar
earnings report and the stock is getting whacked. Why? Netflix (NASDAQ: NFLX ).
The massive blow-up of the former high-flyer has made Coinstar an easy target.
The argument easily spread by hedge fund short sellers is that, like Netflix,
Coinstar will be easily bumped from its perch by competition from streaming
movies or bigger players that eventually will take over the kiosk model. The
story is easy to sell to gullible investors, but the case against Coinstar is
thin. The simple explanation for the selling was that CSTR somehow disappointed
investors by lowering guidance for the fourth quarter. In reality, the company
raised guidance for the full year thanks to a huge beat in the third quarter.
Indeed, guidance for the fourth quarter was less than what Wall Street was
looking for, but net-net, the company is ahead of the game. Anyone with half a
brain can understand why the outlook for the fourth quarter is lower: Management
is being prudent. Coinstar is raising prices on its rentals from $1 to $1.20,
and it knows there might be a slight push-back from consumers, a la Netflix. At
the same time, economic uncertainty is enough to make any management team take a
more cautious approach to running its business. But does that conservative
stance mean the company should be valued any less? I don't think so. At the
end of the day, CSTR is going to put up an annual profit number higher than what
Wall Street was looking for before earnings were released. As for comparisons to
Netflix, there is no comparison. The two situations are entirely different. Here
are three reasons why: Valuation Anyone comparing Netflix to Coinstar clearly
has a limited grasp on the importance of valuation. Prior to releasing earnings,
Wall Street was looking for Coinstar to make $3.09 per share in 2011. For 2012,
the estimate was for the company to make $3.79. That represents a jump of 23%.
At Thursday's close of $52.95 per share, Coinstar was trading for a very
modest 17 times current-year estimates of earnings. Netflix was an entirely
different story. Prior to NFLX releasing earnings, management had made a series
of massive missteps that justifiably raised issues with respect to future
earnings. At the same time, shares of Netflix traded for a hefty 27 times
current-year estimated earnings. It doesn't take a doctorate to realize that
if earnings are in question, valuation must come down.
Randgold Resources (GOLD) Trading Near $109.45 Support Level
Randgold Resources (GOLD) Trading Near $109.45 Support Level Market
Intelligence Center - 1 hour ago Randgold Resources Ltd (NASDAQ: GOLD) closed
Fridays trading session at $112.14. In the past year, the stock has hit a
52-week low of $70.18 and 52-week high of $115.00. Randgold Resources (GOLD ...
Intelligence Center - 1 hour ago Randgold Resources Ltd (NASDAQ: GOLD) closed
Fridays trading session at $112.14. In the past year, the stock has hit a
52-week low of $70.18 and 52-week high of $115.00. Randgold Resources (GOLD ...
Comcast (NASDAQ:CMCSA) Gives $10k Donation
Comcast (NASDAQ:CMCSA) has awarded a $10,000 donation to the Vermont Humanities
Council. Comcast (NASDAQ:CMCSA) Gives $10k Donation The philanthropic arm of the
US based cable giant Comcast (NASDAQ:CMCSA) has awarded a $10,000 Grant to
Vermont Humanities Council in support of its Summer Humanities Camp Program.
Mary McLaughlin, Comcast (NASDAQ:CMCSA) Senior Vice President for the Western
New England Region said, "We are proud to again partner with the Vermont
Humanities Council in making our neighborhoods stronger in a way that connects,
motivates and enriches us all for today and tomorrow." Comcast (NASDAQ:CMCSA)
shares were at 23.85 at the end of the last days trading. Theres been a -0.7%
movement in the stock price over the past 3 months. Comcast (NASDAQ:CMCSA)
Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.65
(1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.73 Zacks Rank: 4 out of 14 in the
industry
Council. Comcast (NASDAQ:CMCSA) Gives $10k Donation The philanthropic arm of the
US based cable giant Comcast (NASDAQ:CMCSA) has awarded a $10,000 Grant to
Vermont Humanities Council in support of its Summer Humanities Camp Program.
Mary McLaughlin, Comcast (NASDAQ:CMCSA) Senior Vice President for the Western
New England Region said, "We are proud to again partner with the Vermont
Humanities Council in making our neighborhoods stronger in a way that connects,
motivates and enriches us all for today and tomorrow." Comcast (NASDAQ:CMCSA)
shares were at 23.85 at the end of the last days trading. Theres been a -0.7%
movement in the stock price over the past 3 months. Comcast (NASDAQ:CMCSA)
Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.65
(1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.73 Zacks Rank: 4 out of 14 in the
industry
Gold & Silver Prices – Daily Outlook October 31
Gold and silver traders enjoyed from sharp gains to gold and silver prices
during most of last week. The G20 summit, the FOMC meeting, the ECB rate
decision and the U.S. labor report are the main events for the upcoming week
that could influence bullion traders. Currently gold and silver prices are
traded sharply down. The yen is sharply falling against the USD as Japan
intervened in the forex market. Today, Euro Area Annual Inflation will be
published, Canadas GDP report, China Manufacturing PMI and BOA Cash Rate
Statement. Here is a market outlook of precious metals prices for today, October
31st: Gold and Silver Prices – October Update Gold price slipped on Friday by
0.03% to $1,747.2; silver price on the other hand slightly inclined by 0.50% to
$35.29. The chart below presents the development of gold and silver prices
during October (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price increased by 7.7% and silver prices by 17.3%. The
ratio between gold and silver prices slightly fell on Friday, October 28th to
49.51. During October, silver price inclined by a slightly larger rate than gold
price as the ratio slipped by 8.2%. Japan
during most of last week. The G20 summit, the FOMC meeting, the ECB rate
decision and the U.S. labor report are the main events for the upcoming week
that could influence bullion traders. Currently gold and silver prices are
traded sharply down. The yen is sharply falling against the USD as Japan
intervened in the forex market. Today, Euro Area Annual Inflation will be
published, Canadas GDP report, China Manufacturing PMI and BOA Cash Rate
Statement. Here is a market outlook of precious metals prices for today, October
31st: Gold and Silver Prices – October Update Gold price slipped on Friday by
0.03% to $1,747.2; silver price on the other hand slightly inclined by 0.50% to
$35.29. The chart below presents the development of gold and silver prices
during October (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price increased by 7.7% and silver prices by 17.3%. The
ratio between gold and silver prices slightly fell on Friday, October 28th to
49.51. During October, silver price inclined by a slightly larger rate than gold
price as the ratio slipped by 8.2%. Japan
Top 10 Best-Performing Small Cap Stocks of the Week: LNG, VDSI, CAK, QPSA, SGS, TWIN, UIS, FFCH, JAG, SYUT (Oct 30, 2011)
Below are the top 10 best-performing Small Cap stocks for the past week. One
Chinese company (SYUT) is on the list. Cheniere Energy, Inc. (AMEX:LNG) was the
1st best-performing stock last week in this segment of the market. Its weekly
performance was 97.84% for the week. Its price percentage change was 116.12%
year-to-date. VASCO Data Security International, Inc. (NASDAQ:VDSI) was the 2nd
best-performing stock last week in this segment of the market. Its weekly
performance was 53.52% for the week. Its price percentage change was 10.09%
year-to-date. CAMAC Energy Inc (AMEX:CAK) was the 3rd best-performing stock last
week in this segment of the market. Its weekly performance was 49.98% for the
week. Its price percentage change was -38.19% year-to-date. Quepasa Corporation
(AMEX:QPSA) was the 4th best-performing stock last week in this segment of the
market. Its weekly performance was 48.99% for the week. Its price percentage
change was -62.31% year-to-date. Stream Global Services, Inc. (AMEX:SGS) was the
5th best-performing stock last week in this segment of the market. Its weekly
performance was 46.89% for the week. Its price percentage change was -22.28%
year-to-date. Twin Disc, Incorporated (NASDAQ:TWIN) was the 6th best-performing
stock last week in this segment of the market. Its weekly performance was 43.13%
for the week. Its price percentage change was 32.25% year-to-date. Unisys
Corporation (NYSE:UIS) was the 7th best-performing stock last week in this
segment of the market. Its weekly performance was 42.75% for the week. Its price
percentage change was 5.37% year-to-date. First Financial Holdings, Inc.
(NASDAQ:FFCH) was the 8th best-performing stock last week in this segment of the
market. Its weekly performance was 42.46% for the week. Its price percentage
change was -32.67% year-to-date. Jaguar Mining Inc. (NYSE:JAG) was the 9th
best-performing stock last week in this segment of the market. Its weekly
performance was 40.54% for the week. Its price percentage change was -19.78%
year-to-date. Synutra International, Inc. (NASDAQ:SYUT) was the 10th
best-performing stock last week in this segment of the market. Its weekly
performance was 39.24% for the week. Its price percentage change was -48.03%
year-to-date.
Chinese company (SYUT) is on the list. Cheniere Energy, Inc. (AMEX:LNG) was the
1st best-performing stock last week in this segment of the market. Its weekly
performance was 97.84% for the week. Its price percentage change was 116.12%
year-to-date. VASCO Data Security International, Inc. (NASDAQ:VDSI) was the 2nd
best-performing stock last week in this segment of the market. Its weekly
performance was 53.52% for the week. Its price percentage change was 10.09%
year-to-date. CAMAC Energy Inc (AMEX:CAK) was the 3rd best-performing stock last
week in this segment of the market. Its weekly performance was 49.98% for the
week. Its price percentage change was -38.19% year-to-date. Quepasa Corporation
(AMEX:QPSA) was the 4th best-performing stock last week in this segment of the
market. Its weekly performance was 48.99% for the week. Its price percentage
change was -62.31% year-to-date. Stream Global Services, Inc. (AMEX:SGS) was the
5th best-performing stock last week in this segment of the market. Its weekly
performance was 46.89% for the week. Its price percentage change was -22.28%
year-to-date. Twin Disc, Incorporated (NASDAQ:TWIN) was the 6th best-performing
stock last week in this segment of the market. Its weekly performance was 43.13%
for the week. Its price percentage change was 32.25% year-to-date. Unisys
Corporation (NYSE:UIS) was the 7th best-performing stock last week in this
segment of the market. Its weekly performance was 42.75% for the week. Its price
percentage change was 5.37% year-to-date. First Financial Holdings, Inc.
(NASDAQ:FFCH) was the 8th best-performing stock last week in this segment of the
market. Its weekly performance was 42.46% for the week. Its price percentage
change was -32.67% year-to-date. Jaguar Mining Inc. (NYSE:JAG) was the 9th
best-performing stock last week in this segment of the market. Its weekly
performance was 40.54% for the week. Its price percentage change was -19.78%
year-to-date. Synutra International, Inc. (NASDAQ:SYUT) was the 10th
best-performing stock last week in this segment of the market. Its weekly
performance was 39.24% for the week. Its price percentage change was -48.03%
year-to-date.
Akamai Has Cooled, But is Heating Up Once More
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Akamai Technologies Inc
Todays DJIA Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market Investing News Economy Today
XCSFDHG46767FHJHJF
dow2664 Stock market trends began to show some volatility during the last open market trading session in the U.S. Prior to last session, stocks were in rally mode and surged higher after European leaders posted an agreement relative to the eurozone debt resolution action plan. Investors came off of the high and index trends wavered during the last session. Momentum lost steam and the primary indices in the U.S. finished the day mixed. The Dow held green to finish the Friday at 12,231.11. The Nasdaq went red however to close at 2,737.15. The S&P 500 held green to close out at 1,285.09. Investors hope to see the primary indices continue to climb the ladder to close out this last day of October. It is Halloween and investors hope there are no tricks in store. October is poised to close out green across the board as one of the best Octobers in decades. Details of the eurozone action plan are still to come and investors will need more reassurance to keep sentiment positive and confidence above average. Greece will be first in line to receive financial support, but other countries are in line and in need of support as well. More information is expected to be released in November when leaders meet for the G-20. The debt crisis in Europe, as well as the developing action plan in to support European countries, will be a primary topic of discussion and debate. Trends this week will move, in part, according to majority reactions that develop relevant to eurozone action plan news. Frank Matto
Gold price per ounce trends, Spot gold price per gram; Spot silver price per ounce rates; Current Gold silver price news today
XCSFDHG46767FHJHJF
dow2664 Prior to opening bell in the U.S. session today, trends for spot gold price per gram and spot silver price per ounce were posting on the negative side of break-even. Precious metal gold price per ounce rate dropped below break-even for a portion of the last trading session and the recent spot gold and spot silver price trends observed earlier today do little to boost investors’ confidence regarding a continuation of the positive momentum. Gold and silver price per ounce trends have been relatively positive recently. Gold futures finished the last week higher overall by 6.8 percent. Silver futures pushed higher for the last week overall by approximately 13 percent. One month change status for gold and silver is also positive at this point in time. The one month change status for precious metal gold is still positive by about 8 percent. The one month change status for precious metal silver is still positive by approximately 16.3 percent. Both gold and silver price trends remain positive for the past months change, as well as the YTD change. Prior to opening bell today though, spot gold price per gram was lower by .79 at 55.38. Spot silver price per ounce was lower by .51 at 34.78 at this point in time. Camillo Zucari
How Dividend Investors Can Avoid Paying Taxes
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Nothing is certain in this world except for death and taxes. For many dividend growth investors this could be characterized as a feeling that they are being taxed to death. While I keep most of my assets in taxable brokerage accounts, I am always on the lookout to legally minimize my investment taxes as much as possible. In fact, there is a way to invest in dividend paying stocks without ever having to pay taxes on your investment. The Roth IRA allows individuals who have earned income in a given year to contribute up to $5000 in after-tax dollars to their retirement account. There is a catch-up contribution of $1000 for individuals who are 50 years of age or older. While contributions to Roth IRA's are not deductible on your tax returns, earnings and principal distributions are tax free once certain age and time requirements are met. Roth IRA's allow for tax-free compounding of capital over time. The earned income includes compensation from salary, wages, commissions, bonuses and alimony. Income from interest, dividends, annuities or pensions does not count as earned income in the eyes of the IRS. The contribution limit for a Roth IRA is the same as the contribution limit for a regular IRA. However, the amount that can be contributed to a Roth IRA is the amount remaining after subtracting any contribution made to a regular IRA. This means that if you contributed the maximum allowable amount to your regular IRA of $5000, you would not be able to contribute anything to a Roth IRA in that year. There are no required minimum distribution rules for Roth IRAs. However, there are phase-out income limits for high earning taxpayers, which reduce the opportunity to use this tax advantaged investment account. In order to avoid paying taxes on distributions from Roth IRA accounts, investors need to become acquainted with the qualified nontaxable distribution rules. According to the IRS, qualified nontaxable distributions for Roth IRA's are those made at least 5 years after the taxpayer's first contribution to a Roth IRA and made: After the taxpayer become 59.5 years old To a beneficiary after the death of the taxpayer Because the taxpayer becomes disabled For the use of a first-time homebuyer The biggest benefits of a Roth IRA are the long-term tax free compounding of capital, the fact that qualified distributions are tax-free and the fact that there are no required minimum distributions. Another little known fact behind Roth IRA's is that direct contributions may be withdrawn at any time. This makes them a perfect investment vehicle for investors who plan on retiring early and living off dividends before they reach typical retirement ages of 60 years. I hold several stocks in Roth IRA accounts. Given the fact that the limit is $5000/year and that I typically purchase stocks in $1000 increments, I do not own a whole lot of different companies in my ROTH. The five companies I plan to add to my Roth IRA in 2011 include: Philip Morris International Inc. (NYSE: PM ), through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Yield: 4.30% ( analysis ). Johnson & Johnson (NYSE: JNJ ) engages in the research and development, manufacture and sale of various products in the health care field worldwide. Yield: 3.50% ( analysis ). The Procter & Gamble Company (NYSE: PG ) provides consumer packaged goods in the United States and internationally. Yield: 3.40% ( analysis ) PepsiCo, Inc. (NYSE: PEP ) engages in the manufacture, marketing and sale of foods, snacks and carbonated and non-carbonated beverages worldwide. Yield: 3.20% ( analysis ) Kinder Morgan, Inc. (NYSE: KMI ) owns and operates energy infrastructure in the United States and Canada. The company operates in six segments: Products Pipelines — KMP, Natural Gas Pipelines — KMP, CO2 — KMP, Terminals — KMP, Kinder Morgan Canada — KMP, and NGPL PipeCo LLC. Yield: 4.60% ( analysis ) For more information visit DividendGrowthInvestor.com
Only a Bonkers Bull Would Chase This Rally
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Initial relief over Europe’s latest attempt to end its debt crisis faded on Friday as investors fretted about the plan’s lack of detail and grew more skeptical about Italy’s turnaround effort.
Top 10 Best-Performing Utility Stocks of the Week: LTBR, KEP, GEN, ELP, CIG, CLNE, HNP, ENI, EOC, NFG (Oct 30, 2011)
Below are the top 10 best-performing Utility stocks for the past week. One
Chinese company (HNP) is on the list. Lightbridge Corporation (NASDAQ:LTBR) was
the 1st best-performing stock last week in this segment of the market. Its
weekly performance was 16.53% for the week. Its price percentage change was
-48.69% year-to-date. Korea Electric Power Corporation (ADR) (NYSE:KEP) was the
2nd best-performing stock last week in this segment of the market. Its weekly
performance was 15.22% for the week. Its price percentage change was -14.80%
year-to-date. Genon Energy Inc (NYSE:GEN) was the 3rd best-performing stock last
week in this segment of the market. Its weekly performance was 10.21% for the
week. Its price percentage change was -17.85% year-to-date. Companhia Paranaense
de Energia (ADR) (NYSE:ELP) was the 4th best-performing stock last week in this
segment of the market. Its weekly performance was 9.73% for the week. Its price
percentage change was -18.43% year-to-date. Companhia Energetica Minas Gerais
(ADR) (NYSE:CIG) was the 5th best-performing stock last week in this segment of
the market. Its weekly performance was 9.72% for the week. Its price percentage
change was 3.44% year-to-date. Clean Energy Fuels Corp. (NASDAQ:CLNE) was the
6th best-performing stock last week in this segment of the market. Its weekly
performance was 8.84% for the week. Its price percentage change was -8.38%
year-to-date. Huaneng Power International, Inc. (ADR) (NYSE:HNP) was the 7th
best-performing stock last week in this segment of the market. Its weekly
performance was 8.72% for the week. Its price percentage change was -13.66%
year-to-date. Enersis S.A. (ADR) (NYSE:ENI) was the 8th best-performing stock
last week in this segment of the market. Its weekly performance was 8.30% for
the week. Its price percentage change was -12.88% year-to-date. Empresa Nacional
de Electricidad (ADR) (NYSE:EOC) was the 9th best-performing stock last week in
this segment of the market. Its weekly performance was 7.92% for the week. Its
price percentage change was -14.62% year-to-date. National Fuel Gas Co.
(NYSE:NFG) was the 10th best-performing stock last week in this segment of the
market. Its weekly performance was 7.75% for the week. Its price percentage
change was -4.43% year-to-date.
Chinese company (HNP) is on the list. Lightbridge Corporation (NASDAQ:LTBR) was
the 1st best-performing stock last week in this segment of the market. Its
weekly performance was 16.53% for the week. Its price percentage change was
-48.69% year-to-date. Korea Electric Power Corporation (ADR) (NYSE:KEP) was the
2nd best-performing stock last week in this segment of the market. Its weekly
performance was 15.22% for the week. Its price percentage change was -14.80%
year-to-date. Genon Energy Inc (NYSE:GEN) was the 3rd best-performing stock last
week in this segment of the market. Its weekly performance was 10.21% for the
week. Its price percentage change was -17.85% year-to-date. Companhia Paranaense
de Energia (ADR) (NYSE:ELP) was the 4th best-performing stock last week in this
segment of the market. Its weekly performance was 9.73% for the week. Its price
percentage change was -18.43% year-to-date. Companhia Energetica Minas Gerais
(ADR) (NYSE:CIG) was the 5th best-performing stock last week in this segment of
the market. Its weekly performance was 9.72% for the week. Its price percentage
change was 3.44% year-to-date. Clean Energy Fuels Corp. (NASDAQ:CLNE) was the
6th best-performing stock last week in this segment of the market. Its weekly
performance was 8.84% for the week. Its price percentage change was -8.38%
year-to-date. Huaneng Power International, Inc. (ADR) (NYSE:HNP) was the 7th
best-performing stock last week in this segment of the market. Its weekly
performance was 8.72% for the week. Its price percentage change was -13.66%
year-to-date. Enersis S.A. (ADR) (NYSE:ENI) was the 8th best-performing stock
last week in this segment of the market. Its weekly performance was 8.30% for
the week. Its price percentage change was -12.88% year-to-date. Empresa Nacional
de Electricidad (ADR) (NYSE:EOC) was the 9th best-performing stock last week in
this segment of the market. Its weekly performance was 7.92% for the week. Its
price percentage change was -14.62% year-to-date. National Fuel Gas Co.
(NYSE:NFG) was the 10th best-performing stock last week in this segment of the
market. Its weekly performance was 7.75% for the week. Its price percentage
change was -4.43% year-to-date.
Gold price per ounce trends, Spot gold price per gram; Spot silver price per ounce rates; Current Gold silver price news today
Prior to opening bell in the U.S. session today, trends for spot gold price per
gram and spot silver price per ounce were posting on the negative side of
break-even. Precious metal gold price per ounce rate dropped below break-even
for a portion of the last trading session and the recent spot gold and spot
silver price trends observed earlier today do little to boost investors
confidence regarding a continuation of the positive momentum. Gold and silver
price per ounce trends have been relatively positive recently. Gold futures
finished the last week higher overall by 6.8 percent. Silver futures pushed
higher for the last week overall by approximately 13 percent. One month change
status for gold and silver is also positive at this point in time. The one month
change status for precious metal gold is still positive by about 8 percent. The
one month change status for precious metal silver is still positive by
approximately 16.3 percent. Both gold and silver price trends remain positive
for the past months change, as well as the YTD change. Prior to opening bell
today though, spot gold price per gram was lower by .79 at 55.38. Spot silver
price per ounce was lower by .51 at 34.78 at this point in time. Camillo Zucari
gram and spot silver price per ounce were posting on the negative side of
break-even. Precious metal gold price per ounce rate dropped below break-even
for a portion of the last trading session and the recent spot gold and spot
silver price trends observed earlier today do little to boost investors
confidence regarding a continuation of the positive momentum. Gold and silver
price per ounce trends have been relatively positive recently. Gold futures
finished the last week higher overall by 6.8 percent. Silver futures pushed
higher for the last week overall by approximately 13 percent. One month change
status for gold and silver is also positive at this point in time. The one month
change status for precious metal gold is still positive by about 8 percent. The
one month change status for precious metal silver is still positive by
approximately 16.3 percent. Both gold and silver price trends remain positive
for the past months change, as well as the YTD change. Prior to opening bell
today though, spot gold price per gram was lower by .79 at 55.38. Spot silver
price per ounce was lower by .51 at 34.78 at this point in time. Camillo Zucari
Todays DJIA Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market Investing News Economy Today
Stock market trends began to show some volatility during the last open market
trading session in the U.S. Prior to last session, stocks were in rally mode and
surged higher after European leaders posted an agreement relative to the
eurozone debt resolution action plan. Investors came off of the high and index
trends wavered during the last session. Momentum lost steam and the primary
indices in the U.S. finished the day mixed. The Dow held green to finish the
Friday at 12,231.11. The Nasdaq went red however to close at 2,737.15. The S&P
500 held green to close out at 1,285.09. Investors hope to see the primary
indices continue to climb the ladder to close out this last day of October. It
is Halloween and investors hope there are no tricks in store. October is poised
to close out green across the board as one of the best Octobers in decades.
Details of the eurozone action plan are still to come and investors will need
more reassurance to keep sentiment positive and confidence above average. Greece
will be first in line to receive financial support, but other countries are in
line and in need of support as well. More information is expected to be released
in November when leaders meet for the G-20. The debt crisis in Europe, as well
as the developing action plan in to support European countries, will be a
primary topic of discussion and debate. Trends this week will move, in part,
according to majority reactions that develop relevant to eurozone action plan
news. Frank Matto
trading session in the U.S. Prior to last session, stocks were in rally mode and
surged higher after European leaders posted an agreement relative to the
eurozone debt resolution action plan. Investors came off of the high and index
trends wavered during the last session. Momentum lost steam and the primary
indices in the U.S. finished the day mixed. The Dow held green to finish the
Friday at 12,231.11. The Nasdaq went red however to close at 2,737.15. The S&P
500 held green to close out at 1,285.09. Investors hope to see the primary
indices continue to climb the ladder to close out this last day of October. It
is Halloween and investors hope there are no tricks in store. October is poised
to close out green across the board as one of the best Octobers in decades.
Details of the eurozone action plan are still to come and investors will need
more reassurance to keep sentiment positive and confidence above average. Greece
will be first in line to receive financial support, but other countries are in
line and in need of support as well. More information is expected to be released
in November when leaders meet for the G-20. The debt crisis in Europe, as well
as the developing action plan in to support European countries, will be a
primary topic of discussion and debate. Trends this week will move, in part,
according to majority reactions that develop relevant to eurozone action plan
news. Frank Matto
Sunday, October 30, 2011
Top 10 Best-Performing Consumer Stocks of the Week: CMM, GMTC, MEG, CABLF, HWG, SYUT, CNYD, DIAL, STMP, OINK (Oct 30, 2011)
Below are the top 10 best-performing Consumer stocks for the past week. Five
Chinese companies (CMM, CABLF, SYUT, CNYD, OINK) are on the list. China Mass
Media Intl Adv Corp. (ADR) (NYSE:CMM) was the 1st best-performing stock last
week in this segment of the market. Its weekly performance was 134.00% for the
week. Its price percentage change was -27.55% year-to-date. GameTech
International (NASDAQ:GMTC) was the 2nd best-performing stock last week in this
segment of the market. Its weekly performance was 94.44% for the week. Its price
percentage change was -79.41% year-to-date. Media General, Inc. (NYSE:MEG) was
the 3rd best-performing stock last week in this segment of the market. Its
weekly performance was 82.25% for the week. Its price percentage change was
-46.71% year-to-date. China Cablecom Holdings Ltd. (NASDAQ:CABLF) was the 4th
best-performing stock last week in this segment of the market. Its weekly
performance was 48.46% for the week. Its price percentage change was -64.91%
year-to-date. The Hallwood Group Incorporated (AMEX:HWG) was the 5th
best-performing stock last week in this segment of the market. Its weekly
performance was 45.56% for the week. Its price percentage change was -51.02%
year-to-date. Synutra International, Inc. (NASDAQ:SYUT) was the 6th
best-performing stock last week in this segment of the market. Its weekly
performance was 39.24% for the week. Its price percentage change was -48.03%
year-to-date. China Yida Holding, Co. (NASDAQ:CNYD) was the 7th best-performing
stock last week in this segment of the market. Its weekly performance was 35.68%
for the week. Its price percentage change was -67.81% year-to-date. Westwood
One, Inc. (NASDAQ:DIAL) was the 8th best-performing stock last week in this
segment of the market. Its weekly performance was 33.80% for the week. Its price
percentage change was -47.10% year-to-date. Stamps.com Inc. (NASDAQ:STMP) was
the 9th best-performing stock last week in this segment of the market. Its
weekly performance was 31.66% for the week. Its price percentage change was
147.02% year-to-date. Tianli Agritech, Inc. (NASDAQ:OINK) was the 10th
best-performing stock last week in this segment of the market. Its weekly
performance was 31.16% for the week. Its price percentage change was -71.04%
year-to-date.
Chinese companies (CMM, CABLF, SYUT, CNYD, OINK) are on the list. China Mass
Media Intl Adv Corp. (ADR) (NYSE:CMM) was the 1st best-performing stock last
week in this segment of the market. Its weekly performance was 134.00% for the
week. Its price percentage change was -27.55% year-to-date. GameTech
International (NASDAQ:GMTC) was the 2nd best-performing stock last week in this
segment of the market. Its weekly performance was 94.44% for the week. Its price
percentage change was -79.41% year-to-date. Media General, Inc. (NYSE:MEG) was
the 3rd best-performing stock last week in this segment of the market. Its
weekly performance was 82.25% for the week. Its price percentage change was
-46.71% year-to-date. China Cablecom Holdings Ltd. (NASDAQ:CABLF) was the 4th
best-performing stock last week in this segment of the market. Its weekly
performance was 48.46% for the week. Its price percentage change was -64.91%
year-to-date. The Hallwood Group Incorporated (AMEX:HWG) was the 5th
best-performing stock last week in this segment of the market. Its weekly
performance was 45.56% for the week. Its price percentage change was -51.02%
year-to-date. Synutra International, Inc. (NASDAQ:SYUT) was the 6th
best-performing stock last week in this segment of the market. Its weekly
performance was 39.24% for the week. Its price percentage change was -48.03%
year-to-date. China Yida Holding, Co. (NASDAQ:CNYD) was the 7th best-performing
stock last week in this segment of the market. Its weekly performance was 35.68%
for the week. Its price percentage change was -67.81% year-to-date. Westwood
One, Inc. (NASDAQ:DIAL) was the 8th best-performing stock last week in this
segment of the market. Its weekly performance was 33.80% for the week. Its price
percentage change was -47.10% year-to-date. Stamps.com Inc. (NASDAQ:STMP) was
the 9th best-performing stock last week in this segment of the market. Its
weekly performance was 31.66% for the week. Its price percentage change was
147.02% year-to-date. Tianli Agritech, Inc. (NASDAQ:OINK) was the 10th
best-performing stock last week in this segment of the market. Its weekly
performance was 31.16% for the week. Its price percentage change was -71.04%
year-to-date.
Top 10 Best-Performing Healthcare Stocks of the Week: ADLR, PXSLY, SNT, CVM, ALGN, AOB, LCAV, BONE, TBET, ABMD (Oct 30, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the top 10 best-performing Healthcare stocks for the past week. Two Chinese companies (AOB, TBET) are on the list. Adolor Corporation (NASDAQ:ADLR) was the 1st best-performing stock last week in this segment of the market. Its weekly performance was 133.85% for the week. Its price percentage change was 271.07% year-to-date. Pharmaxis Ltd. (ADR) (NASDAQ:PXSLY) was the 2nd best-performing stock last week in this segment of the market. Its weekly performance was 47.71% for the week. Its price percentage change was -53.85% year-to-date. Senesco Technologies, Inc. (AMEX:SNT) was the 3rd best-performing stock last week in this segment of the market. Its weekly performance was 38.89% for the week. Its price percentage change was -13.04% year-to-date. CEL-SCI Corporation (AMEX:CVM) was the 4th best-performing stock last week in this segment of the market. Its weekly performance was 37.50% for the week. Its price percentage change was -53.11% year-to-date. Align Technology, Inc. (NASDAQ:ALGN) was the 5th best-performing stock last week in this segment of the market. Its weekly performance was 36.55% for the week. Its price percentage change was 21.03% year-to-date. American Oriental Bioengineering, Inc. (NYSE:AOB) was the 6th best-performing stock last week in this segment of the market. Its weekly performance was 35.11% for the week. Its price percentage change was -67.91% year-to-date. LCA-Vision Inc. (NASDAQ:LCAV) was the 7th best-performing stock last week in this segment of the market. Its weekly performance was 34.17% for the week. Its price percentage change was -44.00% year-to-date. Bacterin International Holdings Inc (AMEX:BONE) was the 8th best-performing stock last week in this segment of the market. Its weekly performance was 31.85% for the week. Its price percentage change was -61.53% year-to-date. Tibet Pharmaceuticals, Inc. (NASDAQ:TBET) was the 9th best-performing stock last week in this segment of the market. Its weekly performance was 31.15% for the week. Its price percentage change was N/A year-to-date. ABIOMED, Inc. (NASDAQ:ABMD) was the 10th best-performing stock last week in this segment of the market. Its weekly performance was 30.60% for the week. Its price percentage change was 59.00% year-to-date.
Top 10 Best-Performing Financial Stocks of the Week: CWBS, EMITF, AIBYY, FFCH, PBIB, CRFN, EJ, ZIPR, HS, CRMB (Oct 30, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the top 10 best-performing Financial stocks for the past week. One Chinese company (EJ) is on the list. Commonwealth Bankshares, Inc. (NASDAQ:CWBS) was the 1st best-performing stock last week in this segment of the market. Its weekly performance was 83.33% for the week. Its price percentage change was -99.19% year-to-date. Elbit Imaging Ltd (NASDAQ:EMITF) was the 2nd best-performing stock last week in this segment of the market. Its weekly performance was 76.49% for the week. Its price percentage change was -64.49% year-to-date. Allied Irish Banks, plc. (ADR) (NYSE:AIBYY) was the 3rd best-performing stock last week in this segment of the market. Its weekly performance was 72.50% for the week. Its price percentage change was -68.64% year-to-date. First Financial Holdings, Inc. (NASDAQ:FFCH) was the 4th best-performing stock last week in this segment of the market. Its weekly performance was 42.46% for the week. Its price percentage change was -32.67% year-to-date. Porter Bancorp, Inc. (NASDAQ:PBIB) was the 5th best-performing stock last week in this segment of the market. Its weekly performance was 40.89% for the week. Its price percentage change was -72.26% year-to-date. Crescent Financial Corporation (NASDAQ:CRFN) was the 6th best-performing stock last week in this segment of the market. Its weekly performance was 40.00% for the week. Its price percentage change was 87.49% year-to-date. E-House (China) Holdings Limited (ADR) (NYSE:EJ) was the 7th best-performing stock last week in this segment of the market. Its weekly performance was 39.91% for the week. Its price percentage change was -40.24% year-to-date. ZipRealty, Inc. (NASDAQ:ZIPR) was the 8th best-performing stock last week in this segment of the market. Its weekly performance was 37.69% for the week. Its price percentage change was -31.15% year-to-date. HealthSpring, Inc (NYSE:HS) was the 9th best-performing stock last week in this segment of the market. Its weekly performance was 34.91% for the week. Its price percentage change was 104.22% year-to-date. 57th Street General Acquisition Corp (NASDAQ:CRMB) was the 10th best-performing stock last week in this segment of the market. Its weekly performance was 31.03% for the week. Its price percentage change was -47.86% year-to-date.
Top 10 Best-Performing Energy Stocks of the Week: LNG, CAK, SCOK, PCX, FTK, MIND, WLB, JRCC, NBR, FXEN (Oct 30, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the top 10 best-performing Energy stocks for the past week. One Chinese company (SCOK) is on the list. Cheniere Energy, Inc. (AMEX:LNG) was the 1st best-performing stock last week in this segment of the market. Its weekly performance was 97.84% for the week. Its price percentage change was 116.12% year-to-date. CAMAC Energy Inc (AMEX:CAK) was the 2nd best-performing stock last week in this segment of the market. Its weekly performance was 49.98% for the week. Its price percentage change was -38.19% year-to-date. SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) was the 3rd best-performing stock last week in this segment of the market. Its weekly performance was 34.91% for the week. Its price percentage change was -69.01% year-to-date. Patriot Coal Corporation (NYSE:PCX) was the 4th best-performing stock last week in this segment of the market. Its weekly performance was 34.14% for the week. Its price percentage change was -31.03% year-to-date. Flotek Industries, Inc. (NYSE:FTK) was the 5th best-performing stock last week in this segment of the market. Its weekly performance was 29.83% for the week. Its price percentage change was 40.55% year-to-date. Mitcham Industries, Inc. (NASDAQ:MIND) was the 6th best-performing stock last week in this segment of the market. Its weekly performance was 28.06% for the week. Its price percentage change was 30.83% year-to-date. Westmoreland Coal Company (NASDAQ:WLB) was the 7th best-performing stock last week in this segment of the market. Its weekly performance was 27.60% for the week. Its price percentage change was -4.36% year-to-date. James River Coal Company (NASDAQ:JRCC) was the 8th best-performing stock last week in this segment of the market. Its weekly performance was 26.55% for the week. Its price percentage change was -54.84% year-to-date. Nabors Industries Ltd. (NYSE:NBR) was the 9th best-performing stock last week in this segment of the market. Its weekly performance was 25.16% for the week. Its price percentage change was -18.80% year-to-date. FX Energy, Inc. (NASDAQ:FXEN) was the 10th best-performing stock last week in this segment of the market. Its weekly performance was 24.51% for the week. Its price percentage change was 2.44% year-to-date.
Notable News on RENN, CYOU, SOHU, NTES, SNDA (Oct 30, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Renren Inc (NYSE:RENN) aims to develop fast-growing social games platform. In the interview with Sina Games, Chuan He, senior vice president at Renren, talks about this goal. According to Mr. He, webpage game LuanShiTianXia is a recent focus for the company. Renren will use innovative game-play and marketing methods to make the game successful in the market. Changyou.com Limited ( NASDAQ :CYOU) will launch more racing contests in Duke of Mount Deer, Sina Games reports. A recent racing contest in the game has attracted tens of thousands of players from 136 groups of servers. According to Feng Chen, a marketing executive at Changyou, this popular racing contest is only a beginning. PVE and SVS will continue to be a focus for the game's future development. In the future, the company will launch more racing contests, where players in different servers can compete against each other. Sohu.com Inc. ( NASDAQ :SOHU) executive forecasts break-even of video business in near future, China Securities Journal reports. Chun Liu, COO of Sohu Video, provided this prediction. He further said that the company will invest 100 million RMB to produce 10 original video programs to achieve differentiation against competitors. Sohu also intends to try charging for its high-end video content. NetEase.com, Inc. ( NASDAQ :NTES) will spend nearly 100 million RMB on marketing Tian Xia 3. Cunyan Fan, an executive at NetEase's online game division, told China Business News that NetEase has spent more than 200 million RMB in the research and development of 3D online games since 2003. The company's CEO Lei Ding told media earlier this year that NetEase's market share in China's 3D online game market had exceeded 50%. NetEase achieved this through its four 3D games, including World of Warcraft. Shanda Interactive Entertainment Ltd (NASDAQ:SNDA) showcases five brands and 10 new games in industry exhibition. During the 9th China International Internet Culture Exhibition, Shanda has demonstrated its first mobile game brand GameLive, along with four games currently under the brand. With the continued implement and patience of its triple A strategy, Shanda's online games revenue continues to be driven by an increasingly diverse portfolio of high quality games including Dragon Nest, Mir 2, Legend of Immortals and others. The company is opening a new chapter in online gaming by turning online gaming into open social networking community.
3 Stocks Under $12 Set to Double
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace I love a bargain, whether it be in a store, online or in the stock market . I particularly like low-priced stocks because they allow me to take a substantial position in companies whose stories I really like. Many times these are just undiscovered gems, or businesses nobody really understands, or they have a stink on them from some previous event but are engaged in a turnaround. Tenet Healthcare That last situation describes Tenet Healthcare (NYSE: THC ). Tenet owns 49 acute-care hospitals around the country, along with interests in an HMO and a management services subsidiary (in other words, insurance services). It’s a nicely rounded health care play and, as we know, people always are going to get sick. Tenet Healthcare is not going gangbusters, but it is doing a nice solid job of turning its business around. Free cash flow has been steadily improving over the years, it slowly has been paying off debt, and THC stock has attracted interest across several respected mutual funds — including some of my favorites, such as T. Rowe Price Mid-Cap Value Fund, and Fidelity Leveraged Company Stock Fund. THC shares trade at only $5.26, which is about a 14 P/E, equivalent to its long-term growth rate. I think this stock can double much faster than in the several years its growth rate might suggest, given how well its turnaround is faring. I think earnings estimates will improve dramatically and set the stage for a big jump in the stock price. E-Trade E-Trade ( NASDAQ : ETFC ) is a classic play in the “can’t shake the stink” category. The company was in real trouble when the financial crisis hit, as it was exposed to some really bad subprime holdings in its portfolio. E-Trade held $3 billion in derivatives tied to these mortgages, known as collateralized debt obligations and asset-backed securities. E-Trade has roared back this year and just reported earnings that beat estimates by 33%. ETFC is trading at a 17 P/E at $11.41 (it actually was below $10 to start the week). There’s always been speculation that the company would be sold, and Citadel Advisors — a hedge fund and the company’s largest shareholder at 9.9% — wants management to do exactly that. The company’s brokerage business alone is a prime asset. I see a distinct possibility of a double here, not only because of the buyout, but because of the company’s consistently improving underlying financial position and increasing earnings. Demand Media I always bristle when I see Demand Media (NYSE: DMD ) offering freelancers the chance to write evergreen content articles for their many websites, because the pay is absolutely atrocious. However, supply of freelance writers exceeds demand, and so Demand Media can demand a low rate of pay — and writers take it. That’s led to a very efficient cost structure for a company that has figured out how to generate traffic to its popular information-driven websites. I was shocked to discover Demand Media is expected to go from break-even in 2010 to a 23-cent-per-share profit this year, and 38 cents next year. While there is no real barrier to entry in this arena, its websites slowly are becoming go-to names, and their SEO capabilities are driving that traffic nicely. DMD has $103 million in cash and no debt. It is a speculative play, but at $6.38, there is not a lot of downside in the near term, and potentially a double going forward. The company was up 7.2% on Thursday, almost twice that of the overall market, which was in full bull mode. Investors interested in finding other doubles under $12 need to keep an eye on fast-growing, smaller companies. The trick, however, is to be careful of stocks that haven’t been discovered at all. I happen to love DGSE Companies ( NASDAQ : DGSE ) and Cash Store Financial Services ( NASDAQ : CSFS ), both of which I believe are easy doubles, but the stocks are very illiquid, the spreads can be large, and it isn’t easy to open or close positions as a result. So be sure you know what you are getting into before you dive in. As of this writing, Lawrence Meyers was long EFTC, DGSE and CSFS.
Subscribe to:
Posts (Atom)
LinkWithin
