Buoying weaker economies bodes ill for the Eurozone’s biggest economy…
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Thursday, January 6, 2011
Analyst Actions on Chinese Stocks: CADC, CCSC, CHL, CTRP, DQ, JASO, LDK, LFT ... (Jan 6, 2011)
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Global Hunter Securities initiated coverage of China Advanced Con. Materials Gr. Inc (NASDAQ:CADC) with Buy rating and $7.50 price target. Credit Suisse maintained Neutral rating and $27.37 price target on Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC). Nomura maintained Buy rating and HK$95 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). ThinkEquity maintained Buy rating and $56 price target on Ctrip.com International, Ltd. (NASDAQ:CTRP). Piper Jaffray maintained Overweight rating and $20 price target on Daqo New Energy Corp. (NYSE:DQ). Auriga USA reiterated Buy rating on Daqo New Energy Corp. (NYSE:DQ), and maintained $20 price target. Roth Capital Partners reiterated Buy rating and $15 price target on Daqo New Energy Corp. (NYSE:DQ). Needham & Company maintained Buy rating on JA Solar Holdings Co., Ltd. (NASDAQ:JASO), and cut price target from $13 to $11. Needham & Company maintained Buy rating and $19 price target on LDK Solar Co., Ltd. (NYSE:LDK). BMO Capital Markets reaffirmed Outperform rating and $50 price target on Longtop Financial Technologies Limited (NYSE:LFT). Credit Suisse initiated coverage of Rda Microelectronics Inc (NASDAQ:RDA) with Outperform rating and $17 price target. Oppenheimer & Co. reiterated Outperform rating and $17 price target on ShangPharma Corp (NYSE:SHP). Piper Jaffray maintained Neutral rating and $5.6 price target on Sinovac Biotech Ltd. (NASDAQ:SVA). WBB reiterated Sell Short rating and $5 price target on Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI). Needham & Company maintained Buy rating and $14 price target on Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF). Needham & Company maintained Hold rating on Suntech Power Holdings Co., Ltd. (NYSE:STP). Roth Capital Partners reiterated Buy rating on Yongye International, Inc. (NASDAQ:YONG), and maintained $17 price target. Chardan Capital Markets maintained Buy rating on Yongye International, Inc. (NASDAQ:YONG), with $11 price target.
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China Analyst
Analyst Actions on Chinese Stocks: CADC, CCSC, CHL, CTRP, DQ, JASO, LDK, LFT … (Jan 6, 2011)
TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 6th, 2011 Close
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Stocks remain mixed at close Thursday as investor confidence is swayed by reports of a rise in jobless claims and the continued uncertainty that looms ahead of the December jobs report , due out Friday before opening bell. The Labor Department reports an increase in the number of Americans filing for first time unemployment benefits. Economists had anticipated claims to increase to 405,000 but the latest figures exceeded predictions by 18,000, bringing the final number to 409,000. Multiple reports on Wednesday pointed to a positive turn in the job market with better than expected increases noted in private sector payrolls, but the increase in unemployment claims has put a damper on the upbeat reports. Monthly same-store sales figures from major retailers including Gap and Target are coming in lower than expected with retailers reporting declines due to inclement weather, deep discounts and consumer fatigue. At close the major market indexes continue to be mixed. DJIA is down 25.58 points or 0.22% to 11697.31. Nasdaq is up 7.69 points or .28% to 2709.89. S&P 500 is down 2.71 points or 0.21% to 1273.85. The U.S Treasuries 10-year yield is down 0.06 to 3.42%. Oil is down 1.96 to $88.34 a barrel. The U.S. Dollar is up 0.0081 to the Euro at $1.30. Gold is down 2.00 to $1371.70 an ounce. Author: Pamela Frost
3 Oil and Gas Stocks in Focus: BP, HAL, RIG
Good Morning! Take a look at some oil and gas plays making headlines. BP plc (ADR) ( NYSE: BP ) is the third largest oil and gas company and fourth largest company in the world by revenues. Headquartered in London, the company is vertically integrated and is working in area like exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. The company has operations in more than 80 countries with the production capacity of 3.8 million barrels of oil per day. BP stock is currently trading at $46.43. The stock has marginally advanced after the report release of President Barack Obama's spill commission which says that the company was not solely responsible for the leak in Gulf of Mexico. The disaster was caused by bad decision by the main contractors of BP, Halliburton Co and Transocean Ltd, which was aggravated by lack of government intervention. Halliburton Company ( NYSE:HAL ) is the world's second largest oilfield exploration company with interests in exploration, development, and production of oil and natural gas. The Company which was founded in 1919 is one of the world's largest providers of service in the energy industry. The company has more than 55,000 employees across 70 countries in the world. The Company which has its headquarter in Houston, Texas has a revenue of $14.7 billion with Drilling contributing $7.25 billion and Completion contributing $7.4billion. The stock of the company is currently trading at $39.42. The Company stock is going through a rough patch after it was reported that the company has agreed to pay $35 million to the Nigerian government for settlement of bribery allegations related to the construction and expansion of its Bonny Island natural-gas liquefaction facility. Transocean LTD ( NYSE:RIG ) is the world's largest offshore drilling contractor for oil and gas wells. The company employs over 25,000 people worldwide and has ownership interest in about 138 mobile offshore drilling units, and three ultra-deepwater units are under construction. The company operates in two segments: contract drilling services and other operations. The company rents its floating mobile drill rigs along with equipments and personnel for operations at an average daily rate of US$142,000. The company is based in Vernier, Switzerland, near Geneva, and it has offices in 20 countries. Recently the Administrating Court of Zug rejected the company's appeal against the decree of the Commercial Register of the Canton of Zug to not register the first installment of the approximately $1 billion cash distribution approved by shareholders. The Company's stock has been on upstream as the Company was condemned by the Obama government for the Oil spill and has been criticized by the government on failure of management. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell BP, HAL and RIG at any time after this post.
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tdp2664Penny Stock Live
Four Financial Penny Stocks to Buy
Financial stock news has been showing signs of life after a rather
disappointing 2010. Take Bank of America (NYSE: BAC ), up +25% in the last
month, or Citigroup (NYSE: C ) which is up almost +12%, compared with gains of
about +4% for the broader market. This has caused many investors to view
financials as some of the best stocks for 2011. But the big bailed out banks
aren't the only ones on the rise. A number of small, agile bank stocks and
financial services companies are heating up right now and have seen some very
impressive gains in just a few days' time. If this trend continues, these
picks could soar in 2011 as financials hit their stride. Related Article: 6
Reasons to Buy Bank of America Stock Here are four top financial penny stocks
for you to consider buying this week: China HGS Real Estate Inc. (HGSH) China
HGS Real Estate Inc. (NASDAQ: HGSH ) is a bit of an oddball. It's a real
estate development company that deals primarily in the construction and sale of
residential apartments, car parks and commercial properties in Asia. While some
may think China is falling out of favor, HGSH has started 2011 off on the right
foot gaining +14% since the first of the year. HGSH is an affordable stock, as
it is currently priced at just $3.35. With a 52-week range of $2.00 to $5.00 it
is clearly a long ways away from the top of its recent run, so consider this
financial stock before it gets pricier. MPG Office Trust Inc. (MPG) MPG Office
Trust Inc. (NYSE: MPG ) is a full service real estate company in California that
specializes in in-house expertise with resources in property management,
marketing, leasing, acquisitions, development and financing. Over the past 12
months, MPG has been very successful, with its stock doubling compared to gains
of about +12% and +11% for the S&P 500 and the Dow Jones, respectively. More
recently, this penny stock is up over +50% since mid-November. Based on this
track record, MPG is a penny stock worth buying at $3.10. Ladenburg Thalmann
Financial Services (LTS) Based in Miami, Ladenburg Thalmann Financial Services
(AMEX: LTS ) is an investment banking, equity research, and asset management
firm. The investment minds at this company appear to know what to buy and sell
over the past 52-weeks, LTS has jumped about +90%, compared to much smaller
gains by the broader markets. Since September, this financial stock is up +52.5%
as well. Importantly, LTS posted a quarterly revenue growth of +19.7%,
year-over-year, in its last income statement. Trading at $1.22, this penny stock
is a bargain buy. RAIT Financial Trust (RAS) Self-managed and self-advised real
estate investment trust RAIT Financial Trust (NYSE: RAS )offers debt financing
options to the commercial real estate industry, as well as fixed income trading
and advisory services. Since this time last year, RAS has seen its stock price
double. Additionally, over the past three months, this penny stock is up nearly
+50% so most of these gains have come recently. RAS outperformed earnings
estimates by over +75% last quarter, and with a quarterly revenue growth north
of +11% in its last income statement, RAS is a penny stock to buy. As of this
writing, Louis Navellier did not own a position in any of the stocks named here.
disappointing 2010. Take Bank of America (NYSE: BAC ), up +25% in the last
month, or Citigroup (NYSE: C ) which is up almost +12%, compared with gains of
about +4% for the broader market. This has caused many investors to view
financials as some of the best stocks for 2011. But the big bailed out banks
aren't the only ones on the rise. A number of small, agile bank stocks and
financial services companies are heating up right now and have seen some very
impressive gains in just a few days' time. If this trend continues, these
picks could soar in 2011 as financials hit their stride. Related Article: 6
Reasons to Buy Bank of America Stock Here are four top financial penny stocks
for you to consider buying this week: China HGS Real Estate Inc. (HGSH) China
HGS Real Estate Inc. (NASDAQ: HGSH ) is a bit of an oddball. It's a real
estate development company that deals primarily in the construction and sale of
residential apartments, car parks and commercial properties in Asia. While some
may think China is falling out of favor, HGSH has started 2011 off on the right
foot gaining +14% since the first of the year. HGSH is an affordable stock, as
it is currently priced at just $3.35. With a 52-week range of $2.00 to $5.00 it
is clearly a long ways away from the top of its recent run, so consider this
financial stock before it gets pricier. MPG Office Trust Inc. (MPG) MPG Office
Trust Inc. (NYSE: MPG ) is a full service real estate company in California that
specializes in in-house expertise with resources in property management,
marketing, leasing, acquisitions, development and financing. Over the past 12
months, MPG has been very successful, with its stock doubling compared to gains
of about +12% and +11% for the S&P 500 and the Dow Jones, respectively. More
recently, this penny stock is up over +50% since mid-November. Based on this
track record, MPG is a penny stock worth buying at $3.10. Ladenburg Thalmann
Financial Services (LTS) Based in Miami, Ladenburg Thalmann Financial Services
(AMEX: LTS ) is an investment banking, equity research, and asset management
firm. The investment minds at this company appear to know what to buy and sell
over the past 52-weeks, LTS has jumped about +90%, compared to much smaller
gains by the broader markets. Since September, this financial stock is up +52.5%
as well. Importantly, LTS posted a quarterly revenue growth of +19.7%,
year-over-year, in its last income statement. Trading at $1.22, this penny stock
is a bargain buy. RAIT Financial Trust (RAS) Self-managed and self-advised real
estate investment trust RAIT Financial Trust (NYSE: RAS )offers debt financing
options to the commercial real estate industry, as well as fixed income trading
and advisory services. Since this time last year, RAS has seen its stock price
double. Additionally, over the past three months, this penny stock is up nearly
+50% so most of these gains have come recently. RAS outperformed earnings
estimates by over +75% last quarter, and with a quarterly revenue growth north
of +11% in its last income statement, RAS is a penny stock to buy. As of this
writing, Louis Navellier did not own a position in any of the stocks named here.
Analyst Actions on Chinese Stocks: CADC, CCSC, CHL, CTRP, DQ, JASO, LDK, LFT ... (Jan 6, 2011)
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Global
Hunter Securities initiated coverage of China Advanced Con. Materials Gr. Inc
(NASDAQ:CADC) with Buy rating and $7.50 price target. Credit Suisse maintained
Neutral rating and $27.37 price target on Country Syl Ckng Restaurant Chain Co
Ltd (NYSE:CCSC). Nomura maintained Buy rating and HK$95 price target on the Hong
Kong-listed shares of China Mobile Ltd. (NYSE:CHL). ThinkEquity maintained Buy
rating and $56 price target on Ctrip.com International, Ltd. (NASDAQ:CTRP).
Piper Jaffray maintained Overweight rating and $20 price target on Daqo New
Energy Corp. (NYSE:DQ). Auriga USA reiterated Buy rating on Daqo New Energy
Corp. (NYSE:DQ), and maintained $20 price target. Roth Capital Partners
reiterated Buy rating and $15 price target on Daqo New Energy Corp. (NYSE:DQ).
Needham & Company maintained Buy rating on JA Solar Holdings Co., Ltd.
(NASDAQ:JASO), and cut price target from $13 to $11. Needham & Company
maintained Buy rating and $19 price target on LDK Solar Co., Ltd. (NYSE:LDK).
BMO Capital Markets reaffirmed Outperform rating and $50 price target on Longtop
Financial Technologies Limited (NYSE:LFT). Credit Suisse initiated coverage of
Rda Microelectronics Inc (NASDAQ:RDA) with Outperform rating and $17 price
target. Oppenheimer & Co. reiterated Outperform rating and $17 price target on
ShangPharma Corp (NYSE:SHP). Piper Jaffray maintained Neutral rating and $5.6
price target on Sinovac Biotech Ltd. (NASDAQ:SVA). WBB reiterated Sell Short
rating and $5 price target on Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI).
Needham & Company maintained Buy rating and $14 price target on Solarfun Power
Holdings Co., Ltd. (NASDAQ:SOLF). Needham & Company maintained Hold rating on
Suntech Power Holdings Co., Ltd. (NYSE:STP). Roth Capital Partners reiterated
Buy rating on Yongye International, Inc. (NASDAQ:YONG), and maintained $17 price
target. Chardan Capital Markets maintained Buy rating on Yongye International,
Inc. (NASDAQ:YONG), with $11 price target.
Hunter Securities initiated coverage of China Advanced Con. Materials Gr. Inc
(NASDAQ:CADC) with Buy rating and $7.50 price target. Credit Suisse maintained
Neutral rating and $27.37 price target on Country Syl Ckng Restaurant Chain Co
Ltd (NYSE:CCSC). Nomura maintained Buy rating and HK$95 price target on the Hong
Kong-listed shares of China Mobile Ltd. (NYSE:CHL). ThinkEquity maintained Buy
rating and $56 price target on Ctrip.com International, Ltd. (NASDAQ:CTRP).
Piper Jaffray maintained Overweight rating and $20 price target on Daqo New
Energy Corp. (NYSE:DQ). Auriga USA reiterated Buy rating on Daqo New Energy
Corp. (NYSE:DQ), and maintained $20 price target. Roth Capital Partners
reiterated Buy rating and $15 price target on Daqo New Energy Corp. (NYSE:DQ).
Needham & Company maintained Buy rating on JA Solar Holdings Co., Ltd.
(NASDAQ:JASO), and cut price target from $13 to $11. Needham & Company
maintained Buy rating and $19 price target on LDK Solar Co., Ltd. (NYSE:LDK).
BMO Capital Markets reaffirmed Outperform rating and $50 price target on Longtop
Financial Technologies Limited (NYSE:LFT). Credit Suisse initiated coverage of
Rda Microelectronics Inc (NASDAQ:RDA) with Outperform rating and $17 price
target. Oppenheimer & Co. reiterated Outperform rating and $17 price target on
ShangPharma Corp (NYSE:SHP). Piper Jaffray maintained Neutral rating and $5.6
price target on Sinovac Biotech Ltd. (NASDAQ:SVA). WBB reiterated Sell Short
rating and $5 price target on Skystar Bio-Pharmaceutical Company (NASDAQ:SKBI).
Needham & Company maintained Buy rating and $14 price target on Solarfun Power
Holdings Co., Ltd. (NASDAQ:SOLF). Needham & Company maintained Hold rating on
Suntech Power Holdings Co., Ltd. (NYSE:STP). Roth Capital Partners reiterated
Buy rating on Yongye International, Inc. (NASDAQ:YONG), and maintained $17 price
target. Chardan Capital Markets maintained Buy rating on Yongye International,
Inc. (NASDAQ:YONG), with $11 price target.
Big Dollar Losers: TGT, ZUMZ, MSM, AZO
Target Corporation (NYSE:TGT) fell $3.80 or 6.45% to $55.13 on an unusual
volume of 16.48 million shares. The stock announced that for the fourth quarter
of 2010, it expects to achieve sales and profitability consistent with prior
guidance. According to Reuters Estimates, analysts on an average are expecting
the Company to report EPS of $1.38 for the fourth quarter of 2010. Zumiez Inc.
(NASDAQ:ZUMZ) plunged $2.12 or 7.95% to $24.55 on an unusual volume of 1.31
million shares. The stock reported same-store sales growth that fell short of
Wall Street estimates. For December, Zumiez said sales at stores open at least
one year rose 9.2%, versus analysts' average estimate of 11.5%. MSC Industrial
Direct Co., Inc. (NYSE:MSM) also plunged $3.40or 5.21% to $61.86 over an unusual
volume of 1.08 million shares after Bank of America Merrill Lynch analysts
downgraded shares) from a "buy" rating to a "neutral" rating. It also
reported financial results for its first quarter ended November 27, 2010. For
the fiscal 2011 first quarter, net sales rose 22.9% to $472.8 million, compared
with $384.8 million in the prior year period. Operating income increased 51.2%
in the fiscal 2011 first quarter to $77.2 million, or 16.3% of net sales,
compared with $51.0 million, or 13.3% of net sales, in the prior year period.
AutoZone, Inc. (NYSE:AZO) also fell $5.94 or 2.33% to $249.25 on an unusual
volume of 644,247.00 shares. The stock has been moving within a range of
$152.75-$276.00 over the past 52-weeks. So far in the last six months the stock
has surged 28.08%. The stock touched an intraday low and high of $246.62 and
$254.94 respectively. Disclaimer: The assembled information distributed by
epicstockpicks.com is for information purposes only, and is neither a
solicitation to buy nor an offer to sell securities. Epicstockpicks.com does
expect that investors will buy and sell securities based on information
assembled and presented herein. EpicStockPicks.com will not be responsible in
any way for or accept any liability for any losses arising from an investor's
reliance on or use of information obtained from our website or emails. PLEASE
always do your own due diligence, and consult your financial advisor.
volume of 16.48 million shares. The stock announced that for the fourth quarter
of 2010, it expects to achieve sales and profitability consistent with prior
guidance. According to Reuters Estimates, analysts on an average are expecting
the Company to report EPS of $1.38 for the fourth quarter of 2010. Zumiez Inc.
(NASDAQ:ZUMZ) plunged $2.12 or 7.95% to $24.55 on an unusual volume of 1.31
million shares. The stock reported same-store sales growth that fell short of
Wall Street estimates. For December, Zumiez said sales at stores open at least
one year rose 9.2%, versus analysts' average estimate of 11.5%. MSC Industrial
Direct Co., Inc. (NYSE:MSM) also plunged $3.40or 5.21% to $61.86 over an unusual
volume of 1.08 million shares after Bank of America Merrill Lynch analysts
downgraded shares) from a "buy" rating to a "neutral" rating. It also
reported financial results for its first quarter ended November 27, 2010. For
the fiscal 2011 first quarter, net sales rose 22.9% to $472.8 million, compared
with $384.8 million in the prior year period. Operating income increased 51.2%
in the fiscal 2011 first quarter to $77.2 million, or 16.3% of net sales,
compared with $51.0 million, or 13.3% of net sales, in the prior year period.
AutoZone, Inc. (NYSE:AZO) also fell $5.94 or 2.33% to $249.25 on an unusual
volume of 644,247.00 shares. The stock has been moving within a range of
$152.75-$276.00 over the past 52-weeks. So far in the last six months the stock
has surged 28.08%. The stock touched an intraday low and high of $246.62 and
$254.94 respectively. Disclaimer: The assembled information distributed by
epicstockpicks.com is for information purposes only, and is neither a
solicitation to buy nor an offer to sell securities. Epicstockpicks.com does
expect that investors will buy and sell securities based on information
assembled and presented herein. EpicStockPicks.com will not be responsible in
any way for or accept any liability for any losses arising from an investor's
reliance on or use of information obtained from our website or emails. PLEASE
always do your own due diligence, and consult your financial advisor.
How the Dow Jones industrial average and other stock indexes fared in Thursday's trading
dow2664
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How the Dow Jones industrial average and other stock indexes fared in Thursday's trading Malaysia Sun – 49 minutes ago Stocks ended mostly lower Thursday after the government reported an increase in applications for unemployment benefits last week. Retailers fell after reporting weak December sales.The Dow Jones …
How the Dow Jones industrial average and other stock indexes fared in Thursday's trading
How the Dow Jones industrial average and other stock indexes fared in Thursday's trading
How the Dow Jones industrial average and other stock indexes fared in Thursdays
trading Malaysia Sun - 49 minutes ago Stocks ended mostly lower Thursday after
the government reported an increase in applications for unemployment benefits
last week. Retailers fell after reporting weak December sales.The Dow Jones ...
trading Malaysia Sun - 49 minutes ago Stocks ended mostly lower Thursday after
the government reported an increase in applications for unemployment benefits
last week. Retailers fell after reporting weak December sales.The Dow Jones ...
High Yield Ethanol Stocks
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A company called Qteros, which is backed by George Soros, has developed a process to use microbes to create enzymes that more efficiently changes plant waste to ethanol. The company has just entered into a joint venture with India-based Praj Industries. Qteros is privately held, but there are plenty of other companies involved in ethanol production and products which are publicly traded, over 15 of which pay dividends according to WallStreetNewsNetwork.com. Here are a few examples. Archer Daniels Midland (ADM) has a corn processing division which produces ethanol from corn. The stock has a price to earnings ratio of 10.3, a forward P/E of 9.3 and a yield of 2%. Although revenues were up 12.6% for the latest quarter, earnings were down 30.4%. The Andersons (ANDE), an Ohio based company, is involved in the management of ethanol production facilities and grain and ethanol trading. The stock has a P/E of 12.8, forward P/E of 11.3 and a yield of 1.2%. Earnings for the latest quarter were up 11.5%. Bunge Ltd. (BG) is a White Plains, New York company founded in 1818 that produces ethanol from sugarcane. The stock has a P/E of 4.9, a forward P/E of 12.3 and a yield of 1.4%. Earnings for the latest quarter were down 8.6%. A free list of stocks related to ethanol in some way, in an Excel format, which can be updated and sorted, can be found at WallStreetNewsNetwork.com. Disclosure: Author did not own any of the above at the time the article was written. By Stockerblog.com
FTSE surges upwards boosted by banks and miners
gol2664
Negocioenlinea
FTSE surges upwards boosted by banks and miners shareprices.com – 11 hours ago The general upward trend seen in the FTSE 100 for 2011 continued on Thursday, with the index reaching 6086 by midday, an increase of 0.7 per cent. The boost was mainly supported by the banks and …
TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 6th, 2011 Close
Stocks remain mixed at close Thursday as investor confidence is swayed by
reports of a rise in jobless claims and the continued uncertainty that looms
ahead of the December jobs report , due out Friday before opening bell. The
Labor Department reports an increase in the number of Americans filing for first
time unemployment benefits. Economists had anticipated claims to increase to
405,000 but the latest figures exceeded predictions by 18,000, bringing the
final number to 409,000. Multiple reports on Wednesday pointed to a positive
turn in the job market with better than expected increases noted in private
sector payrolls, but the increase in unemployment claims has put a damper on the
upbeat reports. Monthly same-store sales figures from major retailers including
Gap and Target are coming in lower than expected with retailers reporting
declines due to inclement weather, deep discounts and consumer fatigue. At close
the major market indexes continue to be mixed. DJIA is down 25.58 points or
0.22% to 11697.31. Nasdaq is up 7.69 points or .28% to 2709.89. S&P 500 is down
2.71 points or 0.21% to 1273.85. The U.S Treasuries 10-year yield is down 0.06
to 3.42%. Oil is down 1.96 to $88.34 a barrel. The U.S. Dollar is up 0.0081 to
the Euro at $1.30. Gold is down 2.00 to $1371.70 an ounce. Author: Pamela Frost
reports of a rise in jobless claims and the continued uncertainty that looms
ahead of the December jobs report , due out Friday before opening bell. The
Labor Department reports an increase in the number of Americans filing for first
time unemployment benefits. Economists had anticipated claims to increase to
405,000 but the latest figures exceeded predictions by 18,000, bringing the
final number to 409,000. Multiple reports on Wednesday pointed to a positive
turn in the job market with better than expected increases noted in private
sector payrolls, but the increase in unemployment claims has put a damper on the
upbeat reports. Monthly same-store sales figures from major retailers including
Gap and Target are coming in lower than expected with retailers reporting
declines due to inclement weather, deep discounts and consumer fatigue. At close
the major market indexes continue to be mixed. DJIA is down 25.58 points or
0.22% to 11697.31. Nasdaq is up 7.69 points or .28% to 2709.89. S&P 500 is down
2.71 points or 0.21% to 1273.85. The U.S Treasuries 10-year yield is down 0.06
to 3.42%. Oil is down 1.96 to $88.34 a barrel. The U.S. Dollar is up 0.0081 to
the Euro at $1.30. Gold is down 2.00 to $1371.70 an ounce. Author: Pamela Frost
Big Dollar Losers: TGT, ZUMZ, MSM, AZO
Target Corporation (NYSE:TGT) fell $3.80 or 6.45% to $55.13 on an unusual volume of 16.48 million shares. The stock announced that for the fourth quarter of 2010, it expects to achieve sales and profitability consistent with prior guidance. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.38 for the fourth quarter of 2010. Zumiez Inc. (NASDAQ:ZUMZ) plunged $2.12 or 7.95% to $24.55 on an unusual volume of 1.31 million shares. The stock reported same-store sales growth that fell short of Wall Street estimates. For December, Zumiez said sales at stores open at least one year rose 9.2%, versus analysts' average estimate of 11.5%. MSC Industrial Direct Co., Inc. (NYSE:MSM) also plunged $3.40or 5.21% to $61.86 over an unusual volume of 1.08 million shares after Bank of America Merrill Lynch analysts downgraded shares) from a "buy" rating to a "neutral" rating. It also reported financial results for its first quarter ended November 27, 2010. For the fiscal 2011 first quarter, net sales rose 22.9% to $472.8 million, compared with $384.8 million in the prior year period. Operating income increased 51.2% in the fiscal 2011 first quarter to $77.2 million, or 16.3% of net sales, compared with $51.0 million, or 13.3% of net sales, in the prior year period. AutoZone, Inc. (NYSE:AZO) also fell $5.94 or 2.33% to $249.25 on an unusual volume of 644,247.00 shares. The stock has been moving within a range of $152.75-$276.00 over the past 52-weeks. So far in the last six months the stock has surged 28.08%. The stock touched an intraday low and high of $246.62 and $254.94 respectively. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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tdp2664
Epic Stock Picks
Four Financial Penny Stocks to Buy
Financial stock news has been showing signs of life after a rather disappointing 2010. Take Bank of America (NYSE: BAC ), up +25% in the last month, or Citigroup (NYSE: C ) which is up almost +12%, compared with gains of about +4% for the broader market. This has caused many investors to view financials as some of the best stocks for 2011. But the big bailed out banks aren't the only ones on the rise. A number of small, agile bank stocks and financial services companies are heating up right now and have seen some very impressive gains in just a few days' time. If this trend continues, these picks could soar in 2011 as financials hit their stride. Related Article: 6 Reasons to Buy Bank of America Stock Here are four top financial penny stocks for you to consider buying this week: China HGS Real Estate Inc. (HGSH) China HGS Real Estate Inc. (NASDAQ: HGSH ) is a bit of an oddball. It's a real estate development company that deals primarily in the construction and sale of residential apartments, car parks and commercial properties in Asia. While some may think China is falling out of favor, HGSH has started 2011 off on the right foot — gaining +14% since the first of the year. HGSH is an affordable stock, as it is currently priced at just $3.35. With a 52-week range of $2.00 to $5.00 it is clearly a long ways away from the top of its recent run, so consider this financial stock before it gets pricier. MPG Office Trust Inc. (MPG) MPG Office Trust Inc. (NYSE: MPG ) is a full service real estate company in California that specializes in in-house expertise with resources in property management, marketing, leasing, acquisitions, development and financing. Over the past 12 months, MPG has been very successful, with its stock doubling compared to gains of about +12% and +11% for the S&P 500 and the Dow Jones, respectively. More recently, this penny stock is up over +50% since mid-November. Based on this track record, MPG is a penny stock worth buying at $3.10. Ladenburg Thalmann Financial Services (LTS) Based in Miami, Ladenburg Thalmann Financial Services (AMEX: LTS ) is an investment banking, equity research, and asset management firm. The investment minds at this company appear to know what to buy and sell — over the past 52-weeks, LTS has jumped about +90%, compared to much smaller gains by the broader markets. Since September, this financial stock is up +52.5% as well. Importantly, LTS posted a quarterly revenue growth of +19.7%, year-over-year, in its last income statement. Trading at $1.22, this penny stock is a bargain buy. RAIT Financial Trust (RAS) Self-managed and self-advised real estate investment trust RAIT Financial Trust (NYSE: RAS )offers debt financing options to the commercial real estate industry, as well as fixed income trading and advisory services. Since this time last year, RAS has seen its stock price double. Additionally, over the past three months, this penny stock is up nearly +50% so most of these gains have come recently. RAS outperformed earnings estimates by over +75% last quarter, and with a quarterly revenue growth north of +11% in its last income statement, RAS is a penny stock to buy. As of this writing, Louis Navellier did not own a position in any of the stocks named here.
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Mutual and Hedge Funds
Investing in Mutual Funds: Mutual funds are an investment that allows a group of investors to pool their money and hire a portfolio manager. The manager invests this money (the fund's assets) in stocks, bonds or other investment securities (or a combination of stocks, bonds and securities). The fund manager then continues to buy and sell stocks and securities according to the style dictated by the fund's prospectus. Mutual funds are popular because they offer a simple way to diversify an investment portfolio while letting a professional manager worry about buying and selling individual stocks. A Brief of How Mutual Funds Work: Mutual funds can be either or both of open ended and closed ended investment companies depending on their fund management pattern. An open-end fund offers to sell its shares (units) continuously to investors either in retail or in bulk without a limit on the number as opposed to a closed-end fund. Closed end funds have limited number of shares. Mutual funds have diversified investments spread in calculated proportions amongst securities of various economic sectors. Mutual funds get their earnings in two ways. First is the most organic way, which is the dividend they get on the securities they hold. Second is by the redemption of their shares by investors will be at a discount to the current NAVs (net asset values). Advantages: It may not be obvious at first why you would want to purchase shares in different securities through a mutual fund "middleman" instead of simply purchasing the securities on your own. There are, however, some very good reasons why millions of Americans opt to invest in mutual funds instead of, or in addition to, buying securities directly. Mutual funds can offer you the following benefits: • Diversification • Choice • Liquidity • Convenience • Low Transaction Costs • Additional Services • Professional Management Hedge Funds: A fund, usually used by wealthy individuals and institutions, which is allowed to use aggressive strategies that are unavailable to mutual funds, including selling short, leverage, program trading, swaps, arbitrage, and derivatives. Hedge funds are exempt from many of the rules and regulations governing other mutual funds, which allow them to accomplish aggressive investing goals. They are restricted by law to no more than 100 investors per fund, and as a result most hedge funds set extremely high minimum investment amounts, ranging anywhere from $250,000 to over $1 million. As with traditional mutual funds, investors in hedge funds pay a management fee; however, hedge funds also collect a percentage of the profits (usually 20%). Advantages: Hedge funds impact the economy by affecting the stock market. Since some hedge funds are so huge their impact can be global, causing changes in oil prices, commodities, retail goods and magnified effects on stocks and mutual funds. If they then leave the stock market, and invest in bonds or commodities, individual investors could be adversely affected. Hedge funds also help stock markets by acting as a source of liquidity, making major investments in publicly traded companies. Sometimes when a company requires new cash / investment, a hedge fund or foreign investment will come through when other sources of financing dry up. Hedge funds help the economy by giving companies other options for capital, especially when companies are concerned about taking on large foreign investments. How they work? Hedge fund's charge investment fees that typically includes a management fee, which is calculated as a fixed percentage of assets under management, and an incentive fee, which is calculated as a percentage of the fund's returns. Other "administrative" fees may also be charged. A fund might charge a 2% management fee and a 0.4% administrative fee in addition to a 20% incentive fee. If this fund managed USD 100MM and earned USD 18MM in income and capital gains over a year, the combined fee for the year would be: (0.024) (USD 100MM) + .20 (USD 18MM) = USD 6.0MM Strategies: Hedge funds pursue a variety of investment or trading strategies. These go by various names, and there is some overlap between strategies. Generally, they fall into three categories: • Directional strategies involve taking positions that will benefit from broad market rises or declines. • Market neutral strategies involve taking offsetting long and short positions within a specific market. The goal is to avoid net exposure to the overall market while benefiting from changes in the relative value of individual instruments within that market. • Event driven strategies seek to exploit temporary mispricing associated with some corporate event, such as a merger or divestiture.
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Newsworthy Stocks
Early Market News: Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS), Ingram Micro (NYSE:IM)
Here are several more stock briefings which could affect stocks in trading later today. The following listed companies should see some movement: Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS), Ingram Micro (NYSE:IM). Here is a more detailed look at the news that will affect each company when trading continues. Morgan Stanley (NYSE:MS) Morgan Stanley (NYSE:MS) has been selected by Fortune Brands Inc. to run an auction for its golf division. In this sale which could fetch as much as $1.5 billion, Morgan Stanley (NYSE:MS) will be approaching potential buyers such as Nike Inc and Adidas AG as well as private-equity firms and Asian companies such as Sumitomo Rubber Industries Ltd. The decision of Fortune Brands to sell its golf unit will be binding on the interest from potential buyers. Medco Health Solutions (NYSE:MHS) Medco Health Solutions (NYSE:MHS) has announced it will end its agreement with MemberHealth LLC by Dec. 31, 2011. Under the agreement, MemberHealth LLC which is a subsidiary of insurer Universal American has been providing Medicare Part D prescription benefits to Medco Health Solutions (NYSE:MHS). The company said that contract termination is as a result of CVS Caremark Corp.’s acquisition of Universal American’s Medicare Part D business and this will not affect its 2011 results. Ingram Micro (NYSE:IM) Ingram Micro (NYSE:IM) has signed an exclusive Master Distributor Agreement with OnStar. Under this agreement, Ingram Micro (NYSE:IM) will be distributing the new in-vehicle, retail product that enables OnStar’s safety, security and connectivity services to be installed in cars which are already on the road. The senior vice president of Specialty Solutions, Ingram Micro, John Soumbasakis said that “Our proven ability to service consumer electronics and information technology vendors with the global logistics, supply chain, demand generation and marketing services to maximize business potential and efficiencies is unrivaled in the industry." We could see more movement when trading continues for Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS) and Ingram Micro (NYSE:IM).
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Google Alert - kitco gold
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| Gold Prices Continue to Drop TheStreet.com The spot gold price was down $7.30, according to Kitco's gold index. Three times gold prices have tried to break to and sustain new highs but to no avail, ... See all stories on this topic » | ||
| Gold Investors Continue Selloff As Price Retreats NuWire Investor The spot gold price was losing $8.20, according to Kitco's gold index. Gold prices had a painful day on Tuesday and the weakness continued Wednesday. ... See all stories on this topic » |
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Google Alert - antiques coin
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| North Shore Gold and Diamond: A Gem on Glen Street Patch From antiques to estate jewelry, Barry Donaldson has kept a treasure trove at ... seen many jewelry and coin shops come and go in Glen Cove over the years. ... |
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Google Alert - kitco gold
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| Kitcommentary from Kitco Metals Inc. - "A Happy Mending" InvestorIdeas.com (press release) Gold suffered and concluded its largest two-session decline in nearly a full year on Wednesday. The 'false' start that briefly gave the bulls hope of 'more ... See all stories on this topic » |
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Google Alert - antiques coin
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| Locals bring gold, silver and collectibles to recent Treasure ... EMC St. Lawrence People attending the show brought art, coins, jewellery, antiques, vintage toys and other collectibles to either sell or receive information on. ... |
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