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| European debt worries abate, but remain longer-term support for gold Commodity Online By Allen Sykora (Kitco News) - Bond auctions by peripheral European nations went well this week and the results have deflected for now some of the worries ... See all stories on this topic » |
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| Gold price forecast to continue, $1600 a year-end possibility: GFMS Commodity Online By Daniela Cambone TORONTO (Kitco News) -- Gold will likely suffer a setback in the first few months of the year with prices moving materially higher ... See all stories on this topic » | ||
| Spot Gold Prices Set For Breakout: Analysts TheStreet.com In the meantime, one analyst continues to believe that junior gold stocks will offer the best exposure to any uptick in gold prices. Kitco senior analyst ... See all stories on this topic » | ||
| Comex Gold backs down as trade turns choppy Commodity Online By Jim Wyckoff (Kitco News) - Comex gold futures are trading lower again Thursday morning, in intra-day see-saw price action after briefly pushing higher ... See all stories on this topic » |
Enough of this mincing around — the bull is back. Stocks posted their strongest session since the first trading day of the year, establishing fresh two-year highs and reinvigorating a runup that began six weeks ago. The Dow Jones Industrial Average rose 84 points to 11,755, as 22 of its 30 components were in the green — JP Morgan (NYSE: JPM ) gained 2.6%, Bank of America (NYSE: BAC ) rose 2%, and Boeing (NYSE: BA ) climbed 1.7%. That financials theme was no coincidence as banks had a strong day. The SPDR Financial Select Sector (NYSE: XLF ) exchange-traded fund broke out by 1.9% to post its highest finish of 2011, while the SPDR KBW Regional Banking (NYSE: KRE ) ETF closed at its highest level since last Thursday. The Nasdaq added 21 points to 2737, while the S&P 500 rose 11 points to 1286. With Wednesday’s strong performance, the uptrend in equity markets is very much alive. The S&P 500 is now up nearly 23% since Aug. 31, and has now jumped 9% since the beginning of December. For bears, the cries of “How much longer can this continue?” grow fainter with each push higher. The sunny mood was present early Wednesday, following reports from Europe of successful debt auctions by Germany and Portugal, the latter country’s fate being particularly important given recent default fears. That somebody(s) is still snapping up Portugal debt was a green light for the risk-on trade to get back into gear. Commodities finished higher, with oil closing near $92 a barrel. The precious metal trade took the day off with both gold and silver inching up 0.1%. Bonds sold off modestly, bringing the yield on the 10-year Treasuries back to 3.36% and remaining locked in a range they’ve been in since early December. Wednesday also saw the release of the Fed’s Beige Book report, which effectively supported the idea that an economic recovery continues to grind along across the U.S., except when considering real estate or the job market. But a 9% stock-market gain in six weeks covers up many real or imagined economic cracks.
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The Dow Jones Industrial Average and the S&P 500 moved positively towards two year highs during the last trading session in the United States. The Dow ended the trading session at its highest level in over two years. Positive momentum carried over from Tuesday's close as stocks moved higher after Japan pledged to buy eurozone bonds, thus easing anxieties related to the European debt crisis. The Federal Reserve released its Beige Book report which showed that the economy continue to grow towards recovery at a moderate level. Currently, prior to opening bell for the U.S. market trading session on January 13th, 2010, stock future tracking indicates that stocks will open lower this morning. The Dow Jones Industrial is red by .11%. The Nasdaq is red by .07% and the S&P 500 is in the red by .12%. Today is expected to be the busiest day of the week for economic posts. The Department of Labor will be presenting the weekly jobless claims report in the morning and the number of Americans that are filling for first time unemployment benefits is expected to have risen. The Producer Price index is also due out from the Commerce Department this day as well. The Commerce Department will also post the trade balance which is expected to have widened. Tomorrow, the Commerce Department will post the Consumer Price Index. The Commerce Department will also post reports on retail sales, which analysts expect to reveal gains. Later on Friday, the University of Michigan's consumer sentiment index for January will post. It is expected to have risen as well. Author: Frank Matto
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Back in 2008, Apple (AAPL) submitted a trademark application for ‘ App Store ‘. However, Microsoft (MSFT) is now challenging that trademark, claiming that ‘App Store’ is just a generic term and that all companies should have the right to use that term. It would be like trademarking ‘toy store’.
Microsoft Fighting Apple Over App Store Trademark
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Roth Capital Partners reiterated Buy rating and $16 price target on China Ceramics Co., Ltd. (NASDAQ:CCCL). Citigroup maintained Buy rating and US$238.67 price target on CNOOC Limited (NYSE:CEO). Auriga USA initiated coverage of China Mobile Ltd. (NYSE:CHL) with Hold rating and $50 price target. Deutsche Bank maintained Hold rating and HK$11.40 price target on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU). Deutsche Bank reiterated Buy rating and $16 price target on China Medical Technologies, Inc. (NASDAQ:CMED). Piper Jaffray maintained Overweight rating and $53 price target on Ctrip.com International, Ltd. (NASDAQ:CTRP). BNP Paribas maintained Buy rating on Ctrip.com International, Ltd. (NASDAQ:CTRP), and cut price target from $60 to $55. Deutsche Bank maintained Buy rating and $21 price target on E-House (China) Holdings Limited (NYSE:EJ).
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Analyst Actions on Chinese Stocks: CCCL, CEO, CHL, CHU, CMED, CTRP, EJ (Jan 13, 2011)
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Range Resources increases stake in strategic East Texas Cotton Valley oil project Proactive Investors Australia – Jan 11, 2011 Range Resources (ASX:RRS, LON:RRL) has boosted its interest in the shallow oil East Texas Cotton Valley project to 21.75%, an increase of 8.1875%, for $148,000. Range said the acquisition …
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CSCO vs. AAPL = 1,000 DJIA Points The Market Financial – 3 hours ago The DJIA is currently down more than 17% from its all-time high of 14,198.10 back in October 2007. Given the declines we saw in the prior bear market, the fact that the DJIA is less than 20% from …
CSCO vs. AAPL = 1,000 DJIA Points
Onstream Media Corp (NASDAQ:ONSM) is the biggest percentage gainer and soared 37.52% to $1.14 after the company said that it will be working with MedicExchange to create a comprehensive virtual market and business community for the healthcare industry. Onstream Media Corporation (Onstream) is an online service provider of live and on-demand Internet video, corporate audio and Web communications and content management applications, including digital media services and Webcasting services. Plug Power Inc. (NASDAQ:PLUG) shares soared 24% to $0.645 on after Plug Power Inc. and Coca-Cola Refreshments USA announced plans for a new fleet of GenDrive-powered Caterpillar lift trucks at Coca-Cola’s 250,000 sq. ft. bottling and distribution center in San Leandro, CA. The GenDrive fleet at Coca-Cola’s facility will include 37 Class-1 sit down counterbalanced trucks. Plug Power Inc. is a development-stage company engaged in the design, development and manufacture of fuel cell systems for industrial off-road (forklift or material handling) markets and stationary power markets worldwide. Ultra Clean Holdings, Inc. (NASDAQ:UCTT) surged 14.60% to $11.78 andmade a new 52-week high of $12.47 earlier in the session. Over the past one year, the stock has slumped over 57%. It has a 52-week range of $5.99-$12.47. Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry. 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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Here are some more breaking stock news briefs which could see some changes on the markets later. The following stocks should see some movement: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), Dell (NASDAQ:DELL). Here is a more detailed look at the news that will affect each company when trading continues. Northrop Grumman (NYSE:NOC) Northrop Grumman (NYSE:NOC) has announced the delivery of the 20,000th navigation device used in fighter aircraft. The LN-200 device, developed by the Navigation Systems Division of Northrop Grumman is used for instrument stabilization, motion compensation and as a backup navigation sensor for fighter aircraft, missiles and the Mars Rover. It has been in high production since 1994 and delivered to more than 100 customers worldwide. Gorik Hossepian, vice president of navigation and positioning systems for Navigation Systems Division of Northrop Grumman (NYSE:NOC) said, "Its high demand is testament to its superior performance and versatility." Prudential Financial (NYSE:PRU) Prudential Financial (NYSE:PRU) has planned to start a mutual fund focused on buying leveraged loans. According to a prospectus filed with the Securities and Exchange Commission, Prudential Financial (NYSE:PRU)'s Floating Rate Income Fund may invest up to 80 percent of its assets in loans and other floating-rate debt. This fund by Prudential Financial (NYSE:PRU) will be invested primarily in senior loans that are rated below investment grade or unrated senior loans of comparable quality. Dell (NASDAQ:DELL) Dell (NASDAQ:DELL) has entered the Indian printer market with a comprehensive range of products. With this move, the US-based computer-maker Dell (NASDAQ:DELL) has expanded its product portfolio in the country. The range, which constitutes seven printers, will be available across the country by end of this month with 16 service centers in the country. P Krishnakumar, Dell (NASDAQ:DELL) India Director Marketing, Consumer, Small and Medium Business (CSMB) said, "With the launch of these printers in India, we have added one more dimension to our portfolio and now offer more comprehensive solutions to our customers." There will probably be more movement when trading continues for Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU) and Dell (NASDAQ:DELL).
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Portugal Crisis Props Up Gold Prices TheStreet.com – Jan 11, 2011 By Alix Steel 01/11/11 – 03:17 PM EST NEW YORK (TheStreet ) — Gold prices rose Tuesday reversing their recent downward trend as investors bought the yellow metal as protection against the latest …
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Foreclosures in America are still a big problem and many Americans are dealing with the potential of losing their home. Mortgage refinancing is getting more difficult since the long term interest rates for a fixed rate mortgage modification are trending in a positive direction. Even with the recent slow down relating to legalities and paperwork, the national number of repossessions is staggering. The number of foreclosures across the United States has dipped recently and many attribute the lower numbers to the robo-signing moratorium. The foreclosure process has slowed as banks are becoming more diligent with the completion of the appropriate paperwork that accompanies the foreclosure process. Industry practices relating to the foreclosure process are being highly scrutinized but repossessions in 2010 topped 1 million homes. Since 2007, the trend of foreclosures and repossessions has gone up, even with the recent drop off relative to the robo-signing moratorium. Some of the top listed reasons across our nation for foreclosure relate to financial crisis due to job loss or unexpected unemployment, sudden illness or medical emergency, death in the family, divorce and loss of a second income and excessive debt obligation. Long term interest rates are trending higher which will not make it more difficult for many to attempt a refinance to lower their monthly mortgage payments. According to RealtyTrac, 2.9 million foreclosure notices were filed during 2010 which was 1.7% above the number of notices filed . Author: Stephen Johnson
Sprint Nextel Corporation ( NYSE: S ) is a company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers in the United States. Sprint reduced the price of Galaxy Tab by Samsung Electronics Co. following cuts by Verizon Wireless, AT&T Inc. and T-Mobile USA. Sprint is the third-largest U.S. wireless carrier and now sells the Galaxy Tab for $299.99 with a two-year wireless-data contract. Verizon Wireless and AT&T cut the device's price this month by $100 each to $499.99 and $549.99, respectively. During the last trading session, Sprint opened at $4.42 and closed at $4.41, 0.23% higher than the previous day. The 52 week range for the stock has been $ 3.10 – $5.31. Sprint Nextel Corp. has seen revenues drop from $35.6B in 2008 to $32.3B in 2009, though the net income increased from a loss of $2.8B to a smaller loss of $2.4B. The reduction in SG&A from 31.50% to 29.30% of sales was responsible for the increase in Net Income. AT&T Inc. (AT&T) ( NYSE: T ) provides telecommunications services in the United States and the world. It offers services and products to consumers in the US and services and products to businesses and providers of telecommunications services worldwide. In the past three years, the company has lost more than 25% of its landline accounts. This has prompted AT&T Corp. to further reduce its service workforce in Wisconsin. Wednesday, the labor union that represents landline service workers said 120 jobs will be eliminated in April, including 72 positions in the Milwaukee area. During the last trading session, AT&T stock opened at $27.91 and closed at $28.04, 0.47% higher than the last trading day. The 52 week range has been $ 23.78 – 30.10. Over the years, AT&T, Inc. has seen little change in their bottom line (from $12.9B to $12.5B). Top line revenues were also little changed (from $111.4B to $111.1B.) Verizon Communications Inc. (Verizon) ( NYSE: VZ ) is a provider of communications services. Verizon operates in two segments: Domestic Wireless including wireless voice and data services and equipment sales across the United States and Wireline's communications products and services including voice, Internet access, broadband etc. After more than 3 years of wait, Verizon announced on January 12, 2011 that it would be providing i-phones to its customers and at the same price as AT&T. Apple said its Verizon Wireless deal was not exclusive, potentially leaving the door open for operators such as Sprint Nextel to sell iPhone. During the last trading session, the stock opened at $35.69 and closed at $35.47, 0.31% from the previous day. The 52 week range for the stock has been $25.99 to $37.70. Verizon's net income has been decreasing over the past few years despite growing revenues, since the SG&A costs have been increasing. 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 any stock mentioned in this report at any time after this post.
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US Stocks Decline On Economic Data; Merck Weighs On DJIA Wall Street Journal – 1 hour ago By Kristina Peterson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US stocks weakened Thursday in the wake of largely disappointing US economic data, but successful bond auctions in Spain and Italy … U.S. stocks decline as jobless claims climb; Dow Jones sheds 0.30% – Forex Pros
US Stocks Decline On Economic Data; Merck Weighs On DJIA
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How many investment blogs write about their mistakes? Now you get to read about one of mine, and hopefully learn from it. If you have read my blog for the last year, you will know that the one trait I look for in stocks is being debt free. As a matter of fact, during the last three months, I have written six articles about stocks that don’t carry any debt. Of course, I’ve written about Apple (AAPL) numerous times, which is a debt free company, but primarily I look for stocks selling for under $10 per share, has a lot of cash per share, hopefully sell at or below book, but most important, it should be debt free. There are also other secondary criteria that I look for. So here is what happened when I violated one of my rules. In December, I looked for low priced stocks that really tanked due to tax selling. I thought I found an interesting company called Constar International Inc. (CNST), a manufacturer of plastic containers. The stock traded as high as $20 a share back in April and had dropped below $2 a share in December. I thought that was a pretty good drop which I assumed was due to tax selling, possibly making it a great buy. So I looked further into the stock. The company had $1.42 in cash per share, and was trading way below the reported book value of $2.48 per share. But there was one little hitch; the company had debt, a lot of debt for its size. Its debt to equity ratio was stratospheric. But I thought, I am just buying it for the very short term, the tax selling rebound, so the debt shouldn’t mean anything (first mistake). I bought a bunch around $2 a share on December 28. The first week of January, the stock traded between 1.80 and 2.00, and I kept waiting for it to pop (second mistake, if the trade doesn’t work in a reasonable number of days, get out). So on January 11, I checked my portfolio and noticed that it was down big time, even though the market was up at the time. I searched down my list of stocks and discovered that Constar had plunged by almost a buck from a previous close of 1.75 to 79 cents. That’s a drop of 55% in one day! I scrambled to find the cause of the drop and eventually discovered that the company had filed for bankruptcy. So in exactly two weeks, I lost around 60% on that one stock, all because I violated my one primary rule, choose stocks with low or no debt. Yes, I’ll probably miss out on plenty of rising stocks with lots of debt, but I will have less downside risk, and less of a chance of getting downside shocks from bankruptcies. The takeaway is, if you have a stock trading system that works, be disciplined and don’t waiver from your own rules. In my case, I had plenty of other stocks to choose from. As a matter of fact, WallStreetNewsNetwork.com has several lists of debt free stocks , including Debt Free Stocks Selling At Or Near Cash, High Cash No Debt High Yield Stocks, No Debt High Yield Stocks, No Debt Low Price To Cash Flow Stocks, and Stocks Selling Near Cash Per Share and Debt Free. Disclosure: Author owns AAPL. By Stockerblog.com
Why I Hate Stocks With Debt: Learn From My Mistake
Level 3 Communications, Inc. (NASDAQ:LVLT ) jumped up by 6.72% and closed at $1.27 whereas overall traded volume stood at 47.55 million shares for the day. The RSI value of 77.28 times depicts that the current share value is in highly overbought level. Micron Technology, Inc. (NASDAQ:MU) moved up by 7.11% to close at $9.34 with total traded volume of 92.05 million shares in the last trading day. Its price to earnings ratio arrives at 5.28 times till its last trading day. The company maintains strong short term liquidity position with current ratio of 2.10 times. Symantec Corporation (NASDAQ:SYMC) closed at $17.63 after surging by 3.16% whereas traded volume stood at 20.65 million shares for the day. The company stands in profit with the profit margin of 13.55%. The current market price is 3.58% more than its last 50 days simple moving average. Marvell Technology Group Ltd. (NASDAQ:MRVL) reported the gain of 2.24% to close at $20.99 with overall traded volume of 12.93 million shares in the last trading day. The share price is likely to move by 1.33 times against 1 point change in market index. ON Semiconductor Corp. (NASDAQ:ONNN ) went up by 2.25% and closed at $11.37 whereas total traded volume stood at 13.05 million shares for the day. The RSI value of 89.52 times depicts that the current share value is in highly overbought level. The company is in highly profitability with ROE of 27.23%. 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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Below are the top 10 U.S.-listed Chinese stocks with highest price momentum, UPDATED TODAY before 4:30 AM ET.
Yanzhou Coal Mining Co. (ADR) (NYSE:YZC) has the 1st highest price momentum in this segment of the market. It is trading at 99.8% of 52-week high. Its price change was 17.9% for the last 4 weeks. China Telecom Corporation Limited (ADR) (NYSE:CHA) has the 2nd highest price momentum in this segment of the market. It is trading at 99.8% of 52-week high. Its price change was 15.0% for the last 4 weeks. Spreadtrum Communications, Inc. (NASDAQ:SPRD) has the 3rd highest price momentum in this segment of the market. It is trading at 99.7% of 52-week high. Its price change was 15.9% for the last 4 weeks. Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) has the 4th highest price momentum in this segment of the market. It is trading at 99.7% of 52-week high. Its price change was 23.6% for the last 4 weeks. CNOOC Limited (ADR) (NYSE:CEO) has the 5th highest price momentum in this segment of the market. It is trading at 99.5% of 52-week high. Its price change was 8.9% for the last 4 weeks.
PetroChina Company Limited (ADR) (NYSE:PTR) has the 6th highest price momentum in this segment of the market. It is trading at 98.9% of 52-week high. Its price change was 9.8% for the last 4 weeks. iSoftStone Holdings Ltd (NYSE:ISS) has the 7th highest price momentum in this segment of the market. It is trading at 98.5% of 52-week high. Its price change was 14.1% for the last 4 weeks. Melco Crown Entertainment Ltd (NASDAQ:MPEL) has the 8th highest price momentum in this segment of the market. It is trading at 98.4% of 52-week high. Its price change was 33.6% for the last 4 weeks. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) has the 9th highest price momentum in this segment of the market. It is trading at 98.0% of 52-week high. Its price change was 9.1% for the last 4 weeks. Simcere Pharmaceutical Group (NYSE:SCR) has the 10th highest price momentum in this segment of the market. It is trading at 97.9% of 52-week high. Its price change was 10.8% for the last 4 weeks.
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Top 10 U.S.-Listed Chinese Stocks with Highest Momentum: YZC, CHA, SPRD, SHI, CEO, PTR, ISS, MPEL, SNP, SCR (Jan 13, 2011)
Delta Air Lines (NYSE:DAL) has planned to resume non-stop flights between Norfolk and Boston. Delta Air Lines (NYSE:DAL) shares were at 12.51 at the end of the last day’s trading. There’s been a 8.2% change in the stock price over the past 3 months. Delta Air Lines (NYSE:DAL) Don't Stop The services are expected to start on the first of April. As per the current schedule, there will be two non-stop flights between the two international airports. The Delta Air Lines (NYSE:DAL) non-stop flight shall be the only non-stop service at the Boston Airport. It is believed that the resuming service, which was stopped back in 2008, will make the journey more comfortable to the passengers in this area. If you believe this is a good time to make a play on the Delta Air Lines (NYSE:DAL) shares, be sure you take a look at this analyst advice, from a broad range of industry specialists: Delta Air Lines (NYSE:DAL) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.33 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.36 Zack’s Rank: 4 out of 25 in the industry We will continue checking the Delta Air Lines (NYSE:DAL) stock level for developments over the next few weeks.
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| Gold Prices Can't Find Momentum TheStreet.com The spot gold price Thursday was shedding $2.70, according to Kitco's gold index. The no-love-for-gold trade continues as Spain raised money with little ... See all stories on this topic » |
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| Event could mean coin for collectors Herald Times Reporter The ICCA also accepts items such as paper money made before 1934, scrap gold, jewelry, war items and other antiques. Altevogt said his team has seen some ... See all stories on this topic » |
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| Edible, non-edible oils decline on reduced offtake MSN India New Delhi, Jan 13 (PTI) Edible oil prices fell up to Rs 200 per quintal on the wholesale oils and oilseeds market today on reduced offtake at existing ... See all stories on this topic » | ||
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| Crude Oil - Oil Prices Climb above $92 as USD Declines NASDAQ If the USD continues losing ground against its European counterpart today, Crude Oil will likely continue its bullishness. The views and opinions expressed ... See all stories on this topic » |
