The primary stock market indices in the U.S. ended in the red on the last
trading session last week and investors on Wall Street are more worried about
the struggling U.S. economy with each additional negative close. The Dow Jones
closed out Friday lower by 4 percent at 10,817.65. The Nasdaq ended the session
lower by 6.62 percent at 2,341.84 and the S&P 500 finished lower by 4.69 percent
at 1,123.53. All three experienced a choppy and volatile week in the
marketplace. Weaker than expected economic news continued to add up during the
week and negative global economic news did little to help support any rebounds
this week. Concerns are growing over the eurozone debt problems and Morgan
Stanley issued a report stating that the American and European economies were
dangerously close to recession. Market indices could not recover from the myriad
of negatively skewed data that presented. Individual stock values experienced
the pressure as well and dropped off into the red. USAA aggressive growth mutual
fund was unable to fight off the negativity as it closed out on the negative
side of breakeven on Friday. Value this day was red by 1.66 percent and closed
at 29.03. Previous close for the mutual fund, USAUX, was 29.52. According to MSN
stock quotes, the fund currently holds a negative one month change status by
15.44 percent. Frank Matto
Saturday, August 20, 2011
DJIA Index DJX DJI Dow Jones, Nasdaq, S&P 500 Stock Market Today Investing Finance News Overview
The stock market in the U.S., as well as the global market place, is currently
being challenged. Stock indices are being pressured and recent outcomes have
skewed negative. The Dow Jones Industrial Average dropped lower by over 172
points last session and closed out at 10,817.65. The Nasdaq finished lower by
over 38 points to close out at 2,341.84 and the S&P 500 closed lower by over 17
points at 1,123.53. The Dow Jones ended the week lower overall by 4 percent. The
Nasdaq ended the last week lower by 6.6 percent and the S&P 500 ended lower by
4.7 percent. The indices in the U.S. have been taking cues from markets overseas
and the cues have been negative. More of the same volatility is expected for the
upcoming week. Economic posts expected over the next week will attract an above
average amount of attention. Investors on Wall Street will attempt to process
new data in hopes of extracting more positive spin. There are no noteworthy
economic posts scheduled for Monday in the U.S. Stock market trends are likely
to follow global market cues this day. On Tuesday, new homes sales data is
scheduled to post via the Commerce Department. Economists expect this report to
skew negative. Noteworthy earnings data this day will post from H.J. Heinz. On
Wednesday, investors will focus in on the durable goods orders data posting for
July from the Commerce Department. This report is expected to remain relatively
flat. On Thursday, weekly jobless claims data will post via the Labor
Department. Investors are expecting unemployment claims to post better than last
weeks unemployment claims data. Noteworthy earnings data this day will post from
Big Lots and Hormel. On Friday, all ears will be tuned in to hear if Federal
Reserve Chairman Ben Bernanke posts any positive comments about economic
progress. In addition, the University of Michigan is scheduled to release its
consumer sentiment data and the second reading on the GDP is due out from the
Commerce Department. Noteworthy earnings data a this day will post from Krispy
Kreme and Tiffany. Frank Matto
being challenged. Stock indices are being pressured and recent outcomes have
skewed negative. The Dow Jones Industrial Average dropped lower by over 172
points last session and closed out at 10,817.65. The Nasdaq finished lower by
over 38 points to close out at 2,341.84 and the S&P 500 closed lower by over 17
points at 1,123.53. The Dow Jones ended the week lower overall by 4 percent. The
Nasdaq ended the last week lower by 6.6 percent and the S&P 500 ended lower by
4.7 percent. The indices in the U.S. have been taking cues from markets overseas
and the cues have been negative. More of the same volatility is expected for the
upcoming week. Economic posts expected over the next week will attract an above
average amount of attention. Investors on Wall Street will attempt to process
new data in hopes of extracting more positive spin. There are no noteworthy
economic posts scheduled for Monday in the U.S. Stock market trends are likely
to follow global market cues this day. On Tuesday, new homes sales data is
scheduled to post via the Commerce Department. Economists expect this report to
skew negative. Noteworthy earnings data this day will post from H.J. Heinz. On
Wednesday, investors will focus in on the durable goods orders data posting for
July from the Commerce Department. This report is expected to remain relatively
flat. On Thursday, weekly jobless claims data will post via the Labor
Department. Investors are expecting unemployment claims to post better than last
weeks unemployment claims data. Noteworthy earnings data this day will post from
Big Lots and Hormel. On Friday, all ears will be tuned in to hear if Federal
Reserve Chairman Ben Bernanke posts any positive comments about economic
progress. In addition, the University of Michigan is scheduled to release its
consumer sentiment data and the second reading on the GDP is due out from the
Commerce Department. Noteworthy earnings data a this day will post from Krispy
Kreme and Tiffany. Frank Matto
Top 10 Most Profitable Micro Cap Stocks: PW, WRLS, TRMS, AI, TCRD, VALU, VALV, DEPO, BSTC, GAIN (Aug 20, 2011)
Below are the top 10 most profitable Micro Cap stocks for the last 12 months.
One Chinese company (VALV) is on the list. Pittsburgh & West Virginia Railroad
(AMEX:PW) is the 1st most profitable stock in this segment of the market. Its
net profit margin was 84.70% for the last 12 months. Its operating profit margin
was 84.70% for the same period. Telular Corporation (NASDAQ:WRLS) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
77.77% for the last 12 months. Its operating profit margin was 11.26% for the
same period. Trimeris, Inc. (NASDAQ:TRMS) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 75.04% for the last 12
months. Its operating profit margin was 75.95% for the same period. Arlington
Asset Investment Corp. (NYSE:AI) is the 4th most profitable stock in this
segment of the market. Its net profit margin was 71.76% for the last 12 months.
Its operating profit margin was 66.64% for the same period. THL Credit, Inc.
(NASDAQ:TCRD) is the 5th most profitable stock in this segment of the market.
Its net profit margin was 70.63% for the last 12 months. Its operating profit
margin was 55.37% for the same period. Value Line, Inc. (NASDAQ:VALU) is the 6th
most profitable stock in this segment of the market. Its net profit margin was
70.62% for the last 12 months. Its operating profit margin was 15.90% for the
same period. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 69.42% for the
last 12 months. Its operating profit margin was 15.37% for the same period.
DepoMed, Inc. (NASDAQ:DEPO) is the 8th most profitable stock in this segment of
the market. Its net profit margin was 66.57% for the last 12 months. Its
operating profit margin was 66.03% for the same period. BioSpecifics
Technologies Corp. (NASDAQ:BSTC) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 65.64% for the last 12 months.
Its operating profit margin was 29.18% for the same period. Gladstone Investment
Corporation (NASDAQ:GAIN) is the 10th most profitable stock in this segment of
the market. Its net profit margin was 63.37% for the last 12 months. Its
operating profit margin was 64.22% for the same period.
One Chinese company (VALV) is on the list. Pittsburgh & West Virginia Railroad
(AMEX:PW) is the 1st most profitable stock in this segment of the market. Its
net profit margin was 84.70% for the last 12 months. Its operating profit margin
was 84.70% for the same period. Telular Corporation (NASDAQ:WRLS) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
77.77% for the last 12 months. Its operating profit margin was 11.26% for the
same period. Trimeris, Inc. (NASDAQ:TRMS) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 75.04% for the last 12
months. Its operating profit margin was 75.95% for the same period. Arlington
Asset Investment Corp. (NYSE:AI) is the 4th most profitable stock in this
segment of the market. Its net profit margin was 71.76% for the last 12 months.
Its operating profit margin was 66.64% for the same period. THL Credit, Inc.
(NASDAQ:TCRD) is the 5th most profitable stock in this segment of the market.
Its net profit margin was 70.63% for the last 12 months. Its operating profit
margin was 55.37% for the same period. Value Line, Inc. (NASDAQ:VALU) is the 6th
most profitable stock in this segment of the market. Its net profit margin was
70.62% for the last 12 months. Its operating profit margin was 15.90% for the
same period. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 69.42% for the
last 12 months. Its operating profit margin was 15.37% for the same period.
DepoMed, Inc. (NASDAQ:DEPO) is the 8th most profitable stock in this segment of
the market. Its net profit margin was 66.57% for the last 12 months. Its
operating profit margin was 66.03% for the same period. BioSpecifics
Technologies Corp. (NASDAQ:BSTC) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 65.64% for the last 12 months.
Its operating profit margin was 29.18% for the same period. Gladstone Investment
Corporation (NASDAQ:GAIN) is the 10th most profitable stock in this segment of
the market. Its net profit margin was 63.37% for the last 12 months. Its
operating profit margin was 64.22% for the same period.
Daily News and Research on Chinese Stocks (Aug 20, 2011)
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tdp2664 China Analyst Below is today's Daily News and Research on U.S.-Listed Chinese Stocks : ACH : [$$] Banks Fall in Europe; Seoul Slides – at The Wall Street Journal (Fri, Aug 19) AMCN : New Star Analyst Rankings for AirMedia Group Inc – StarMine (Sat 9:20AM EDT) BIDU RENN : IPO Secrets From a Google Insider – at The Wall Street Journal (Fri, Aug 19) CAAS KNDI : Friday Sector Laggards: Auto Parts, Vehicle Manufacturers – at Forbes (Fri, Aug 19) CHL : [$$] Time to Buy Emerging Markets – at Barrons.com (Sat 4:33AM EDT) CHL : Can Optical Investors Read the Warning Signs? – at Motley Fool (Fri, Aug 19) CHU : China Confident In Strong US, Leaders Tell Biden – at Forbes (Fri, Aug 19) CTE : [$$] Review – at Barrons.com (Sat 4:33AM EDT) CTE : SinoTech Energy Sued by Investor in U.S. After Shares Plunge 42% in Week – at Bloomberg (Sat 12:01AM EDT) CTE : The Rosen Law Firm Files Class Action Lawsuit Against SinoTech Energy Limited – Business Wire (Fri, Aug 19) CTE : Allied World Assurance, SinoTech Energy: U.S. Equity Preview – at Bloomberg (Fri, Aug 19) GSI : GENERAL STEEL HOLDINGS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an – EDGAR Online (Fri, Aug 19) JASO : New Star Analyst Rankings for JA Solar Holdings, Co., Ltd. – StarMine (Sat 9:20AM EDT) JASO LDK : Time to Sell LDK Solar? – at Motley Fool (Sat 11:46AM EDT) JASO LDK TSL YGE : [$$] Power Cut for Solar Stocks – at Barrons.com (Sat 4:33AM EDT) JASO LDK TSL YGE : Solar Cell Suppliers Are Falling Behind – at Motley Fool (Fri, Aug 19) LDK : Much Like 2008? – Indie Research (Fri, Aug 19) MOBI : The Fool Looks Ahead – at Motley Fool (Sat 8:20AM EDT) MPEL : Investors Bailing on MGM Resorts – at Motley Fool (Sat 9:35AM EDT) MPEL : [video] Investors Brace for GDP Data, Bernanke Speech – at TheStreet.com (Fri, Aug 19) SCR : 2 Positive Signs for Cubist Pharmaceuticals – at Motley Fool (Sat 12:22PM EDT) SNP : Emerging Markets Push DuPont Stock To $58 – at Forbes (Sat 11:46AM EDT) SOL : ReneSola Holds Its Ground in Q2 – at Motley Fool (Fri, Aug 19) SSRX : 3SBio Inc. to Hold 2011 Annual General Meeting on September 20, 2011 – PR Newswire (Sat 12:23AM EDT) SSW : The World's Best Dividend Portfolio – at Motley Fool (Fri, Aug 19)
Top 10 Most Profitable Large Cap Stocks: BVN, NLY, SLW, PSA, BIDU, GLW, WBK, CHKP, VALE, SDRL (Aug 20, 2011)
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tdp2664 China Analyst Below are the top 10 most profitable Large Cap stocks for the last 12 months. One Chinese comopany (BIDU) is on the list. Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) is the 1st most profitable stock in this segment of the market. Its net profit margin was 67.04% for the last 12 months. Its operating profit margin was 45.83% for the same period. Annaly Capital Management, Inc. (NYSE:NLY) is the 2nd most profitable stock in this segment of the market. Its net profit margin was 63.47% for the last 12 months. Its operating profit margin was 64.90% for the same period. Silver Wheaton Corp. (USA) (NYSE:SLW) is the 3rd most profitable stock in this segment of the market. Its net profit margin was 60.10% for the last 12 months. Its operating profit margin was 58.20% for the same period. Public Storage (NYSE:PSA) is the 4th most profitable stock in this segment of the market. Its net profit margin was 50.37% for the last 12 months. Its operating profit margin was 42.72% for the same period. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the 5th most profitable stock in this segment of the market. Its net profit margin was 46.51% for the last 12 months. Its operating profit margin was 52.18% for the same period. Corning Incorporated (NYSE:GLW) is the 6th most profitable stock in this segment of the market. Its net profit margin was 45.65% for the last 12 months. Its operating profit margin was 24.96% for the same period. Westpac Banking Corporation (ADR) (NYSE:WBK) is the 7th most profitable stock in this segment of the market. Its net profit margin was 42.94% for the last 12 months. Its operating profit margin was 47.48% for the same period. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is the 8th most profitable stock in this segment of the market. Its net profit margin was 42.77% for the last 12 months. Its operating profit margin was 50.14% for the same period. Vale (ADR) (NYSE:VALE) is the 9th most profitable stock in this segment of the market. Its net profit margin was 41.91% for the last 12 months. Its operating profit margin was 53.67% for the same period. SeaDrill Limited (NYSE:SDRL) is the 10th most profitable stock in this segment of the market. Its net profit margin was 41.36% for the last 12 months. Its operating profit margin was 36.74% for the same period.
General Dynamics (NYSE:GD) Making Company Acquisition
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tdp2664 E money daily General Dynamics (NYSE:GD) IT has decided to acquire Arlington based Vangent. General Dynamics (NYSE:GD) Making Company Acquisition As a part of its move to expand in the growing market for healthcare information technology, the US based defense contractor General Dynamics (NYSE:GD) is acquiring Vangent for about $960 million in cash. Jay L. Johnson, chairman and chief executive officer of General Dynamics (NYSE:GD) said, "Vangent is a well-regarded, fast-growing company that will add significant depth and breadth to General Dynamics (NYSE:GD)’ healthcare IT organization, creating a Tier 1-level healthcare IT business unit with the scope and scale to compete in markets that are receiving high priority in current funding and entitlement-reform initiatives." General Dynamics (NYSE:GD) company shares are currently standing at 58.23. Price History Last Price: 58.23 52 Week Low / High: 55.46 / 78.27 50 Day Moving Average: 69.54 6 Month Price Change %: -19.7% 12 Month Price Change %: -0.7%
Top 10 U.S.-Listed Chinese Stocks of the Week: CJJD, BEST, CSNH, CNIT, SGOC, VALV, GAGA, NOEC, GSI, CALI (Aug 20, 2011)
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tdp2664 China Analyst Below are the top 10 best-performing U.S.-listed Chinese stocks for the past week. China Jo Jo Drugstores Inc (NASDAQ:CJJD) is the 1st best-performing stock last week in this segment of the market. It was up 85.34% for the past week. Its price percentage change was -48.81% year-to-date. Shiner International, Inc. (NASDAQ:BEST) is the 2nd best-performing stock last week in this segment of the market. It was up 33.78% for the past week. Its price percentage change was -27.20% year-to-date. China Shandong Industries Inc (NASDAQ:CSNH) is the 3rd best-performing stock last week in this segment of the market. It was up 33.33% for the past week. Its price percentage change was -61.80% year-to-date. China Information Technology, Inc. (NASDAQ:CNIT) is the 4th best-performing stock last week in this segment of the market. It was up 29.51% for the past week. Its price percentage change was -69.67% year-to-date. SGOCO Group Ltd (NASDAQ:SGOC) is the 5th best-performing stock last week in this segment of the market. It was up 27.40% for the past week. Its price percentage change was -29.11% year-to-date. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 6th best-performing stock last week in this segment of the market. It was up 23.46% for the past week. Its price percentage change was -65.16% year-to-date. Le Gaga Holdings Ltd ADR (NASDAQ:GAGA) is the 7th best-performing stock last week in this segment of the market. It was up 23.09% for the past week. Its price percentage change was -17.79% year-to-date. New Oriental Energy & Chemical Corp. (NASDAQ:NOEC) is the 8th best-performing stock last week in this segment of the market. It was up 18.79% for the past week. Its price percentage change was -83.25% year-to-date. General Steel Holdings, Inc. (NYSE:GSI) is the 9th best-performing stock last week in this segment of the market. It was up 18.05% for the past week. Its price percentage change was -45.30% year-to-date. China Auto Logistics Inc (NASDAQ:CALI) is the 10th best-performing stock last week in this segment of the market. It was up 17.27% for the past week. Its price percentage change was -45.85% year-to-date.
Todays gold price per ounce silver price per ounce; spot gold price per gram; DJIA Dow Jones Index DJX DJI Review
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dow2664 Gold ’s appeal held strong throughout the course of the last trading week. Both precious metals, gold and silver, finished the week in the green as their safe haven appeal attracted the attention of many investors. The U.S. marketplace was inconsistent once again and the volatility with stocks is stemming from global concerns. Morgan Stanley reported that both the European and American economies were “dangerously close” to recession. This news spread quickly and only served to add additional pressure to a global market place that is already struggling for air. In the U.S., the primary stock indices ended yesterday red and they were once again negative for the week. The Dow Jones finished off yesterday lower by 172.93 points to close at 10,817.65. The Nasdaq finished lower by 38.59 points to close out at 2,341.84 and the S&P 500 finished lower by 17.12 points to close at 1,123.53. For the week, the Dow Jones finished lower by 4 percent. The Nasdaq finished lower by 6.6 percent and the S&P 500 finished lower by 4.7 percent. The negativity is making gold and silver more popular by the day. Gold contract for December delivery finished last session higher by 1.87 percent at 1852.20. Another record-high touching session for gold. Silver contract for September delivery finished higher by 11.29 percent at 42.43 per troy ounce. Gold’s one month change status is positive by 16.04 percent and silver’s one month change status is positive by 5.03 percent. Spot gold price per gram is green as well. Spot gold price per gram is currently higher by 1.05 at 59.53. Camillo Zucari
Top 10 Most Profitable Large Cap Stocks: BVN, NLY, SLW, PSA, BIDU, GLW, WBK, CHKP, VALE, SDRL (Aug 20, 2011)
Below are the top 10 most profitable Large Cap stocks for the last 12 months.
One Chinese comopany (BIDU) is on the list. Compania de Minas Buenaventura SA
(ADR) (NYSE:BVN) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 67.04% for the last 12 months. Its operating profit
margin was 45.83% for the same period. Annaly Capital Management, Inc.
(NYSE:NLY) is the 2nd most profitable stock in this segment of the market. Its
net profit margin was 63.47% for the last 12 months. Its operating profit margin
was 64.90% for the same period. Silver Wheaton Corp. (USA) (NYSE:SLW) is the 3rd
most profitable stock in this segment of the market. Its net profit margin was
60.10% for the last 12 months. Its operating profit margin was 58.20% for the
same period. Public Storage (NYSE:PSA) is the 4th most profitable stock in this
segment of the market. Its net profit margin was 50.37% for the last 12 months.
Its operating profit margin was 42.72% for the same period. Baidu.com, Inc.
(ADR) (NASDAQ:BIDU) is the 5th most profitable stock in this segment of the
market. Its net profit margin was 46.51% for the last 12 months. Its operating
profit margin was 52.18% for the same period. Corning Incorporated (NYSE:GLW) is
the 6th most profitable stock in this segment of the market. Its net profit
margin was 45.65% for the last 12 months. Its operating profit margin was 24.96%
for the same period. Westpac Banking Corporation (ADR) (NYSE:WBK) is the 7th
most profitable stock in this segment of the market. Its net profit margin was
42.94% for the last 12 months. Its operating profit margin was 47.48% for the
same period. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is the 8th
most profitable stock in this segment of the market. Its net profit margin was
42.77% for the last 12 months. Its operating profit margin was 50.14% for the
same period. Vale (ADR) (NYSE:VALE) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 41.91% for the last 12 months.
Its operating profit margin was 53.67% for the same period. SeaDrill Limited
(NYSE:SDRL) is the 10th most profitable stock in this segment of the market. Its
net profit margin was 41.36% for the last 12 months. Its operating profit margin
was 36.74% for the same period.
One Chinese comopany (BIDU) is on the list. Compania de Minas Buenaventura SA
(ADR) (NYSE:BVN) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 67.04% for the last 12 months. Its operating profit
margin was 45.83% for the same period. Annaly Capital Management, Inc.
(NYSE:NLY) is the 2nd most profitable stock in this segment of the market. Its
net profit margin was 63.47% for the last 12 months. Its operating profit margin
was 64.90% for the same period. Silver Wheaton Corp. (USA) (NYSE:SLW) is the 3rd
most profitable stock in this segment of the market. Its net profit margin was
60.10% for the last 12 months. Its operating profit margin was 58.20% for the
same period. Public Storage (NYSE:PSA) is the 4th most profitable stock in this
segment of the market. Its net profit margin was 50.37% for the last 12 months.
Its operating profit margin was 42.72% for the same period. Baidu.com, Inc.
(ADR) (NASDAQ:BIDU) is the 5th most profitable stock in this segment of the
market. Its net profit margin was 46.51% for the last 12 months. Its operating
profit margin was 52.18% for the same period. Corning Incorporated (NYSE:GLW) is
the 6th most profitable stock in this segment of the market. Its net profit
margin was 45.65% for the last 12 months. Its operating profit margin was 24.96%
for the same period. Westpac Banking Corporation (ADR) (NYSE:WBK) is the 7th
most profitable stock in this segment of the market. Its net profit margin was
42.94% for the last 12 months. Its operating profit margin was 47.48% for the
same period. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is the 8th
most profitable stock in this segment of the market. Its net profit margin was
42.77% for the last 12 months. Its operating profit margin was 50.14% for the
same period. Vale (ADR) (NYSE:VALE) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 41.91% for the last 12 months.
Its operating profit margin was 53.67% for the same period. SeaDrill Limited
(NYSE:SDRL) is the 10th most profitable stock in this segment of the market. Its
net profit margin was 41.36% for the last 12 months. Its operating profit margin
was 36.74% for the same period.
Abbott Laboratories (NYSE:ABT) Gets FDA Drug Approval
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tdp2664 E money daily The FDA has approved two new longer acting Lupron drugs made by Abbott Laboratories (NYSE:ABT). Abbott Laboratories (NYSE:ABT) Gets FDA Drug Approval According to an announcement made by the leading health care company Abbott Laboratories (NYSE:ABT), the US Food and Drug Administration (FDA) has approved its two longer-acting doses of its drug Lupron. Abbott Laboratories (NYSE:ABT) said in a statement, "The FDA approved two doses of Lupron that last for three months each, allowing patients to be injected with the drug four times a year instead of once every month." Abbott Laboratories (NYSE:ABT) shares were at 48.87 at the end of the last day’s trading. There’s been a -8.5% change in the stock price over the past 3 months. Abbott Laboratories (NYSE:ABT) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.02 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.98 Zack’s Rank: 2 out of 14 in the industry
Top 10 Focus Stocks of The Day: CLWR, ZX, BEST, ANN, CVV, MENT, WTSLA, INTU, SGEN, ARX (Aug 20, 2011)
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tdp2664 China Analyst Below are today's top 10 focus stocks. These momentum stocks are attracting a lot of interest from traders. Two Chinese companies (ZX, BEST) are on the list. Clearwire Corporation (NASDAQ:CLWR) is today's 1st best focus stock. Its daily price change was 30.3% in the previous trading session. Its upside potential is 150% based on brokerage analysts' average target price of $8 on the stock. It is rated positively by 44% of the 18 analyst(s) covering it. Its long-term annual earnings growth is -159% based on analysts' average estimate. China Zenix Auto International Ltd (NYSE:ZX) is today's 2nd best focus stock. Its daily price change was 18.7% in the previous trading session. Its upside potential is 38% based on brokerage analysts' average target price of $8 on the stock. It is rated positively by 100% of the 3 analyst(s) covering it. Its long-term annual earnings growth is 23% based on analysts' average estimate. Shiner International, Inc. (NASDAQ:BEST) is today's 3rd best focus stock. Its daily price change was 17.9% in the previous trading session. Its upside potential is 153% based on brokerage analysts' average target price of $3 on the stock. It is rated positively by 100% of the 2 analyst(s) covering it. Its long-term annual earnings growth is 25% based on analysts' average estimate. Ann Inc (NYSE:ANN) is today's 4th best focus stock. Its daily price change was 12.6% in the previous trading session. Its upside potential is 40% based on brokerage analysts' average target price of $30 on the stock. It is rated positively by 50% of the 18 analyst(s) covering it. Its long-term annual earnings growth is 14% based on analysts' average estimate. CVD Equipment Corporation (NASDAQ:CVV) is today's 5th best focus stock. Its daily price change was 12.3% in the previous trading session. Its upside potential is 13% based on brokerage analysts' average target price of $15 on the stock. It is rated positively by 100% of the 1 analyst(s) covering it. Its long-term annual earnings growth is 25% based on analysts' average estimate. Mentor Graphics Corporation (NASDAQ:MENT) is today's 6th best focus stock. Its daily price change was 11.8% in the previous trading session. Its upside potential is 44% based on brokerage analysts' average target price of $14 on the stock. It is rated positively by 80% of the 5 analyst(s) covering it. Its long-term annual earnings growth is 15% based on analysts' average estimate. The Wet Seal, Inc. (NASDAQ:WTSLA) is today's 7th best focus stock. Its daily price change was 10.0% in the previous trading session. Its upside potential is 29% based on brokerage analysts' average target price of $6 on the stock. It is rated positively by 75% of the 8 analyst(s) covering it. Its long-term annual earnings growth is 23% based on analysts' average estimate. Intuit Inc. (NASDAQ:INTU) is today's 8th best focus stock. Its daily price change was 8.3% in the previous trading session. Its upside potential is 29% based on brokerage analysts' average target price of $56 on the stock. It is rated positively by 71% of the 21 analyst(s) covering it. Its long-term annual earnings growth is 14% based on analysts' average estimate. Seattle Genetics, Inc. (NASDAQ:SGEN) is today's 9th best focus stock. Its daily price change was 7.8% in the previous trading session. Its upside potential is 14% based on brokerage analysts' average target price of $17 on the stock. It is rated positively by 59% of the 17 analyst(s) covering it. Its long-term annual earnings growth is -162% based on analysts' average estimate. Aeroflex Holding Corp. (NYSE:ARX) is today's 10th best focus stock. Its daily price change was 6.8% in the previous trading session. Its upside potential is 110% based on brokerage analysts' average target price of $17 on the stock. It is rated positively by 50% of the 8 analyst(s) covering it. Its long-term annual earnings growth is 10% based on analysts' average estimate.
Siemens (NYSE:SI) Launching Energy Scheme
XCSFDHG46767FHJHJF
tdp2664 E money daily Siemens (NYSE:SI) and The Carbon Trust have jointly launched an energy efficiency scheme. Siemens (NYSE:SI) Launching Energy Scheme Siemens (NYSE:SI) and The Carbon Trust have launched a scheme that aid both companies finance technology that will help make them more energy efficient. James Gearey, chief executive of Siemens (NYSE:SI)Financial Services said that, "Our extensive experience of asset financing and lending to UK businesses and the public sector, combined with our ready access to funding means we are well placed to support the scheme and deliver the associated benefits to its future customers." Siemens (NYSE:SI) stocks were at 100.12 at the end of the last day’s trading. There’s been a -18.9% change in the stock price over the past 3 months. Siemens (NYSE:SI) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2 Zack’s Rank: 5 out of 26 in the industry
Cisco Systems (NASDAQ:CSCO) Signs Global Xerox Deal
XCSFDHG46767FHJHJF
tdp2664 E money daily Cisco Systems ( NASDAQ :CSCO) has selected Xerox to manage its global print operations. Cisco Systems ( NASDAQ :CSCO) Signs Global Xerox Deal As part of a new managed print services strategy, Norwalk-based Xerox Corporation has been selected by Cisco Systems ( NASDAQ :CSCO) to manage its global print operations at its 460 offices worldwide. The financial terms of the deal were not disclosed yet. Sheila Jordan, vice president, Communication and Collaboration, IT, Cisco Systems (NASDAQ:CSCO) said, "The new print environment will help employees make cost effective and environmentally sensitive printing decisions on a daily basis, and give them access to printed documents when they travel to another office, or even to a hotel." Cisco Systems Inc. (NASDAQ:CSCO) shares are currently standing at 15.01. Price History Last Price: 15.01 52 Week Low / High: 13.3 / 24.6 50 Day Moving Average: 15.45 6 Month Price Change %: -19.7% 12 Month Price Change %: -33.0%
Outsized Weekly Gains: (SGG), (KT), (SLV), (GOLD), (NGD)
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Outsized Weekly Gains: (SGG), (KT), (SLV), ( GOLD ), (NGD) Tickr Watch – 1 hour ago The following stocks were among the best performers for the week: iPath DJ-UBS Sugar TR Sub-Idx ETN, KT Corp, iShares Silver Trust, Randgold Resources Ltd, and New Gold , Inc. Shares of iPath DJ …
Outsized Weekly Gains: (SGG), (KT), (SLV), (GOLD), (NGD)
Outsized Weekly Gains: (SGG), (KT), (SLV), (GOLD), (NGD) Tickr Watch - 1 hour
ago The following stocks were among the best performers for the week: iPath
DJ-UBS Sugar TR Sub-Idx ETN, KT Corp, iShares Silver Trust, Randgold Resources
Ltd, and New Gold, Inc. Shares of iPath DJ ...
ago The following stocks were among the best performers for the week: iPath
DJ-UBS Sugar TR Sub-Idx ETN, KT Corp, iShares Silver Trust, Randgold Resources
Ltd, and New Gold, Inc. Shares of iPath DJ ...
Top 10 Focus Stocks of The Day: CLWR, ZX, BEST, ANN, CVV, MENT, WTSLA, INTU, SGEN, ARX (Aug 20, 2011)
Below are todays top 10 focus stocks. These momentum stocks are attracting a
lot of interest from traders. Two Chinese companies (ZX, BEST) are on the list.
Clearwire Corporation (NASDAQ:CLWR) is todays 1st best focus stock. Its daily
price change was 30.3% in the previous trading session. Its upside potential is
150% based on brokerage analysts average target price of $8 on the stock. It is
rated positively by 44% of the 18 analyst(s) covering it. Its long-term annual
earnings growth is -159% based on analysts average estimate. China Zenix Auto
International Ltd (NYSE:ZX) is todays 2nd best focus stock. Its daily price
change was 18.7% in the previous trading session. Its upside potential is 38%
based on brokerage analysts average target price of $8 on the stock. It is rated
positively by 100% of the 3 analyst(s) covering it. Its long-term annual
earnings growth is 23% based on analysts average estimate. Shiner International,
Inc. (NASDAQ:BEST) is todays 3rd best focus stock. Its daily price change was
17.9% in the previous trading session. Its upside potential is 153% based on
brokerage analysts average target price of $3 on the stock. It is rated
positively by 100% of the 2 analyst(s) covering it. Its long-term annual
earnings growth is 25% based on analysts average estimate. Ann Inc (NYSE:ANN) is
todays 4th best focus stock. Its daily price change was 12.6% in the previous
trading session. Its upside potential is 40% based on brokerage analysts average
target price of $30 on the stock. It is rated positively by 50% of the 18
analyst(s) covering it. Its long-term annual earnings growth is 14% based on
analysts average estimate. CVD Equipment Corporation (NASDAQ:CVV) is todays 5th
best focus stock. Its daily price change was 12.3% in the previous trading
session. Its upside potential is 13% based on brokerage analysts average target
price of $15 on the stock. It is rated positively by 100% of the 1 analyst(s)
covering it. Its long-term annual earnings growth is 25% based on analysts
average estimate. Mentor Graphics Corporation (NASDAQ:MENT) is todays 6th best
focus stock. Its daily price change was 11.8% in the previous trading session.
Its upside potential is 44% based on brokerage analysts average target price of
$14 on the stock. It is rated positively by 80% of the 5 analyst(s) covering it.
Its long-term annual earnings growth is 15% based on analysts average estimate.
The Wet Seal, Inc. (NASDAQ:WTSLA) is todays 7th best focus stock. Its daily
price change was 10.0% in the previous trading session. Its upside potential is
29% based on brokerage analysts average target price of $6 on the stock. It is
rated positively by 75% of the 8 analyst(s) covering it. Its long-term annual
earnings growth is 23% based on analysts average estimate. Intuit Inc.
(NASDAQ:INTU) is todays 8th best focus stock. Its daily price change was 8.3% in
the previous trading session. Its upside potential is 29% based on brokerage
analysts average target price of $56 on the stock. It is rated positively by 71%
of the 21 analyst(s) covering it. Its long-term annual earnings growth is 14%
based on analysts average estimate. Seattle Genetics, Inc. (NASDAQ:SGEN) is
todays 9th best focus stock. Its daily price change was 7.8% in the previous
trading session. Its upside potential is 14% based on brokerage analysts average
target price of $17 on the stock. It is rated positively by 59% of the 17
analyst(s) covering it. Its long-term annual earnings growth is -162% based on
analysts average estimate. Aeroflex Holding Corp. (NYSE:ARX) is todays 10th best
focus stock. Its daily price change was 6.8% in the previous trading session.
Its upside potential is 110% based on brokerage analysts average target price of
$17 on the stock. It is rated positively by 50% of the 8 analyst(s) covering it.
Its long-term annual earnings growth is 10% based on analysts average estimate.
lot of interest from traders. Two Chinese companies (ZX, BEST) are on the list.
Clearwire Corporation (NASDAQ:CLWR) is todays 1st best focus stock. Its daily
price change was 30.3% in the previous trading session. Its upside potential is
150% based on brokerage analysts average target price of $8 on the stock. It is
rated positively by 44% of the 18 analyst(s) covering it. Its long-term annual
earnings growth is -159% based on analysts average estimate. China Zenix Auto
International Ltd (NYSE:ZX) is todays 2nd best focus stock. Its daily price
change was 18.7% in the previous trading session. Its upside potential is 38%
based on brokerage analysts average target price of $8 on the stock. It is rated
positively by 100% of the 3 analyst(s) covering it. Its long-term annual
earnings growth is 23% based on analysts average estimate. Shiner International,
Inc. (NASDAQ:BEST) is todays 3rd best focus stock. Its daily price change was
17.9% in the previous trading session. Its upside potential is 153% based on
brokerage analysts average target price of $3 on the stock. It is rated
positively by 100% of the 2 analyst(s) covering it. Its long-term annual
earnings growth is 25% based on analysts average estimate. Ann Inc (NYSE:ANN) is
todays 4th best focus stock. Its daily price change was 12.6% in the previous
trading session. Its upside potential is 40% based on brokerage analysts average
target price of $30 on the stock. It is rated positively by 50% of the 18
analyst(s) covering it. Its long-term annual earnings growth is 14% based on
analysts average estimate. CVD Equipment Corporation (NASDAQ:CVV) is todays 5th
best focus stock. Its daily price change was 12.3% in the previous trading
session. Its upside potential is 13% based on brokerage analysts average target
price of $15 on the stock. It is rated positively by 100% of the 1 analyst(s)
covering it. Its long-term annual earnings growth is 25% based on analysts
average estimate. Mentor Graphics Corporation (NASDAQ:MENT) is todays 6th best
focus stock. Its daily price change was 11.8% in the previous trading session.
Its upside potential is 44% based on brokerage analysts average target price of
$14 on the stock. It is rated positively by 80% of the 5 analyst(s) covering it.
Its long-term annual earnings growth is 15% based on analysts average estimate.
The Wet Seal, Inc. (NASDAQ:WTSLA) is todays 7th best focus stock. Its daily
price change was 10.0% in the previous trading session. Its upside potential is
29% based on brokerage analysts average target price of $6 on the stock. It is
rated positively by 75% of the 8 analyst(s) covering it. Its long-term annual
earnings growth is 23% based on analysts average estimate. Intuit Inc.
(NASDAQ:INTU) is todays 8th best focus stock. Its daily price change was 8.3% in
the previous trading session. Its upside potential is 29% based on brokerage
analysts average target price of $56 on the stock. It is rated positively by 71%
of the 21 analyst(s) covering it. Its long-term annual earnings growth is 14%
based on analysts average estimate. Seattle Genetics, Inc. (NASDAQ:SGEN) is
todays 9th best focus stock. Its daily price change was 7.8% in the previous
trading session. Its upside potential is 14% based on brokerage analysts average
target price of $17 on the stock. It is rated positively by 59% of the 17
analyst(s) covering it. Its long-term annual earnings growth is -162% based on
analysts average estimate. Aeroflex Holding Corp. (NYSE:ARX) is todays 10th best
focus stock. Its daily price change was 6.8% in the previous trading session.
Its upside potential is 110% based on brokerage analysts average target price of
$17 on the stock. It is rated positively by 50% of the 8 analyst(s) covering it.
Its long-term annual earnings growth is 10% based on analysts average estimate.
Top 10 U.S.-Listed Chinese Stocks of the Week: CJJD, BEST, CSNH, CNIT, SGOC, VALV, GAGA, NOEC, GSI, CALI (Aug 20, 2011)
Below are the top 10 best-performing U.S.-listed Chinese stocks for the past
week. China Jo Jo Drugstores Inc (NASDAQ:CJJD) is the 1st best-performing stock
last week in this segment of the market. It was up 85.34% for the past week. Its
price percentage change was -48.81% year-to-date. Shiner International, Inc.
(NASDAQ:BEST) is the 2nd best-performing stock last week in this segment of the
market. It was up 33.78% for the past week. Its price percentage change was
-27.20% year-to-date. China Shandong Industries Inc (NASDAQ:CSNH) is the 3rd
best-performing stock last week in this segment of the market. It was up 33.33%
for the past week. Its price percentage change was -61.80% year-to-date. China
Information Technology, Inc. (NASDAQ:CNIT) is the 4th best-performing stock last
week in this segment of the market. It was up 29.51% for the past week. Its
price percentage change was -69.67% year-to-date. SGOCO Group Ltd (NASDAQ:SGOC)
is the 5th best-performing stock last week in this segment of the market. It was
up 27.40% for the past week. Its price percentage change was -29.11%
year-to-date. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 6th
best-performing stock last week in this segment of the market. It was up 23.46%
for the past week. Its price percentage change was -65.16% year-to-date. Le Gaga
Holdings Ltd ADR (NASDAQ:GAGA) is the 7th best-performing stock last week in
this segment of the market. It was up 23.09% for the past week. Its price
percentage change was -17.79% year-to-date. New Oriental Energy & Chemical Corp.
(NASDAQ:NOEC) is the 8th best-performing stock last week in this segment of the
market. It was up 18.79% for the past week. Its price percentage change was
-83.25% year-to-date. General Steel Holdings, Inc. (NYSE:GSI) is the 9th
best-performing stock last week in this segment of the market. It was up 18.05%
for the past week. Its price percentage change was -45.30% year-to-date. China
Auto Logistics Inc (NASDAQ:CALI) is the 10th best-performing stock last week in
this segment of the market. It was up 17.27% for the past week. Its price
percentage change was -45.85% year-to-date.
week. China Jo Jo Drugstores Inc (NASDAQ:CJJD) is the 1st best-performing stock
last week in this segment of the market. It was up 85.34% for the past week. Its
price percentage change was -48.81% year-to-date. Shiner International, Inc.
(NASDAQ:BEST) is the 2nd best-performing stock last week in this segment of the
market. It was up 33.78% for the past week. Its price percentage change was
-27.20% year-to-date. China Shandong Industries Inc (NASDAQ:CSNH) is the 3rd
best-performing stock last week in this segment of the market. It was up 33.33%
for the past week. Its price percentage change was -61.80% year-to-date. China
Information Technology, Inc. (NASDAQ:CNIT) is the 4th best-performing stock last
week in this segment of the market. It was up 29.51% for the past week. Its
price percentage change was -69.67% year-to-date. SGOCO Group Ltd (NASDAQ:SGOC)
is the 5th best-performing stock last week in this segment of the market. It was
up 27.40% for the past week. Its price percentage change was -29.11%
year-to-date. Shengkai Innovations, Inc. (NASDAQ:VALV) is the 6th
best-performing stock last week in this segment of the market. It was up 23.46%
for the past week. Its price percentage change was -65.16% year-to-date. Le Gaga
Holdings Ltd ADR (NASDAQ:GAGA) is the 7th best-performing stock last week in
this segment of the market. It was up 23.09% for the past week. Its price
percentage change was -17.79% year-to-date. New Oriental Energy & Chemical Corp.
(NASDAQ:NOEC) is the 8th best-performing stock last week in this segment of the
market. It was up 18.79% for the past week. Its price percentage change was
-83.25% year-to-date. General Steel Holdings, Inc. (NYSE:GSI) is the 9th
best-performing stock last week in this segment of the market. It was up 18.05%
for the past week. Its price percentage change was -45.30% year-to-date. China
Auto Logistics Inc (NASDAQ:CALI) is the 10th best-performing stock last week in
this segment of the market. It was up 17.27% for the past week. Its price
percentage change was -45.85% year-to-date.
Cisco Systems (NASDAQ:CSCO) Signs Global Xerox Deal
Cisco Systems (NASDAQ:CSCO) has selected Xerox to manage its global print
operations. Cisco Systems (NASDAQ:CSCO) Signs Global Xerox Deal As part of a new
managed print services strategy, Norwalk-based Xerox Corporation has been
selected by Cisco Systems (NASDAQ:CSCO) to manage its global print operations at
its 460 offices worldwide. The financial terms of the deal were not disclosed
yet. Sheila Jordan, vice president, Communication and Collaboration, IT, Cisco
Systems (NASDAQ:CSCO) said, "The new print environment will help employees
make cost effective and environmentally sensitive printing decisions on a daily
basis, and give them access to printed documents when they travel to another
office, or even to a hotel." Cisco Systems Inc. (NASDAQ:CSCO) shares are
currently standing at 15.01. Price History Last Price: 15.01 52 Week Low / High:
13.3 / 24.6 50 Day Moving Average: 15.45 6 Month Price Change %: -19.7% 12 Month
Price Change %: -33.0%
operations. Cisco Systems (NASDAQ:CSCO) Signs Global Xerox Deal As part of a new
managed print services strategy, Norwalk-based Xerox Corporation has been
selected by Cisco Systems (NASDAQ:CSCO) to manage its global print operations at
its 460 offices worldwide. The financial terms of the deal were not disclosed
yet. Sheila Jordan, vice president, Communication and Collaboration, IT, Cisco
Systems (NASDAQ:CSCO) said, "The new print environment will help employees
make cost effective and environmentally sensitive printing decisions on a daily
basis, and give them access to printed documents when they travel to another
office, or even to a hotel." Cisco Systems Inc. (NASDAQ:CSCO) shares are
currently standing at 15.01. Price History Last Price: 15.01 52 Week Low / High:
13.3 / 24.6 50 Day Moving Average: 15.45 6 Month Price Change %: -19.7% 12 Month
Price Change %: -33.0%
We’re at an Inflection Point for Gold Stocks
It looks like we're finally nearing "put up or shut up" time for gold
stocks. Any consumer of the financial media knows the case in favor of the
sector: The price of gold has risen sharply this year, meaning that miners'
profit margins will rise and the stocks should move sharply higher. The story
seems like a no-brainer on paper, yet the Market Vectors Gold Miners ETF (NYSE:
GDX ) is just barely in positive territory year-to-date, a time in which the
SPDR Gold Trust (NYSE: GLD ) has surged over 25%. It's true that part of this
shortfall comes from the presence of silver miners in GDX. Still, only a handful
of the largest gold stocks most notably Yamana Gold (NYSE: AUY ) and Randgold
Resources (NASDAQ: GOLD ) have provided a better return than simply owning
physical gold through GLD. The gap between the gold price and performance of
mining stocks has made the call for mean reversion a popular one but this trade
may not be as easy as it looks. As Simon Maierhofer pointed out in his article
last week , it's equally likely that the gap could close because of a
correction in gold rather than a rally in mining stocks. Wells Fargo sounded a
similar alarm Tuesday when it issued a report stating gold is in a "bubble
that is poised to burst." Despite the near-universal positive sentiment toward
gold stocks, a lot still has to happen for the sector to stage the rally that
the pundits have been predicting throughout 2011. Since there is an extremely
low likelihood of gold stocks moving higher as the price of the metal falls, a
prediction for mean reversion also is a bet that gold prices will keep climbing.
This might prove a tall order given the nearly universal positive investor
sentiment, the recent stabilization of the U.S. dollar and the prospect of
further increases in margin requirements. A breakout in mining stocks also will
require stable energy costs and a steady performance for the broader equity
market. A loss of any of these pillars of support will make the long-anticipated
mean reversion trade a much more difficult prospect. Further, the trend of
underperformance for gold stocks is fairly recent compared with their
substantial performance advantage over the metal since both touched bottom in
November 2008. In other words, it's all how you draw the chart: For
argument's sake, let's assume the rally in gold does in fact continue. Even
in this scenario, the onus is on the gold-stock bulls to answer the question,
"Why now?" as it relates to outperformance for mining shares. The current
environment couldn't be better, with the gold price rocketing, energy costs
declining and hedging policies long abandoned by the major producers. With the
positive story so well known, it seems as though gold stocks should have taken
off already yet most are well below their year-to-date highs. The
underperformance of gold stocks might therefore represent a warning rather than
a buy signal for those considering a long position in GDX or of one the larger
producers, such as Newmont Mining (NYSE: NEM ) or Barrick Gold (NYSE: ABX ). The
clue as to the future direction of gold stocks probably lies in the charts. GDX
has traded in a range of $52 to $64 for almost 10 months now. At $60.74, the ETF
is 5.4% away from a breakout and 14.4% from breaking down. Although GDX is
closer to its upside boundary, the chart also has some bearish elements to it
most notably, a series of lower highs and a 50-day moving average currently
below the 200-day. Although the breakout scenario is the popular prediction, the
chart presents a more neutral picture. To be clear: This discussion isn't a
recommendation to establish short positions in the gold miners. The proximity of
the $64 breakout point for GDX makes betting against this sector a dangerous
proposition right now. Instead, consider this a warning to take the bullish
predictions with a substantial grain of salt. And watch the 200-day moving
average for GDX, currently at $58.02, very closely. Another breach of this level
particularly one that is accompanied by weakness in bullion could indicate
that the gold-stock story has run out of steam.
stocks. Any consumer of the financial media knows the case in favor of the
sector: The price of gold has risen sharply this year, meaning that miners'
profit margins will rise and the stocks should move sharply higher. The story
seems like a no-brainer on paper, yet the Market Vectors Gold Miners ETF (NYSE:
GDX ) is just barely in positive territory year-to-date, a time in which the
SPDR Gold Trust (NYSE: GLD ) has surged over 25%. It's true that part of this
shortfall comes from the presence of silver miners in GDX. Still, only a handful
of the largest gold stocks most notably Yamana Gold (NYSE: AUY ) and Randgold
Resources (NASDAQ: GOLD ) have provided a better return than simply owning
physical gold through GLD. The gap between the gold price and performance of
mining stocks has made the call for mean reversion a popular one but this trade
may not be as easy as it looks. As Simon Maierhofer pointed out in his article
last week , it's equally likely that the gap could close because of a
correction in gold rather than a rally in mining stocks. Wells Fargo sounded a
similar alarm Tuesday when it issued a report stating gold is in a "bubble
that is poised to burst." Despite the near-universal positive sentiment toward
gold stocks, a lot still has to happen for the sector to stage the rally that
the pundits have been predicting throughout 2011. Since there is an extremely
low likelihood of gold stocks moving higher as the price of the metal falls, a
prediction for mean reversion also is a bet that gold prices will keep climbing.
This might prove a tall order given the nearly universal positive investor
sentiment, the recent stabilization of the U.S. dollar and the prospect of
further increases in margin requirements. A breakout in mining stocks also will
require stable energy costs and a steady performance for the broader equity
market. A loss of any of these pillars of support will make the long-anticipated
mean reversion trade a much more difficult prospect. Further, the trend of
underperformance for gold stocks is fairly recent compared with their
substantial performance advantage over the metal since both touched bottom in
November 2008. In other words, it's all how you draw the chart: For
argument's sake, let's assume the rally in gold does in fact continue. Even
in this scenario, the onus is on the gold-stock bulls to answer the question,
"Why now?" as it relates to outperformance for mining shares. The current
environment couldn't be better, with the gold price rocketing, energy costs
declining and hedging policies long abandoned by the major producers. With the
positive story so well known, it seems as though gold stocks should have taken
off already yet most are well below their year-to-date highs. The
underperformance of gold stocks might therefore represent a warning rather than
a buy signal for those considering a long position in GDX or of one the larger
producers, such as Newmont Mining (NYSE: NEM ) or Barrick Gold (NYSE: ABX ). The
clue as to the future direction of gold stocks probably lies in the charts. GDX
has traded in a range of $52 to $64 for almost 10 months now. At $60.74, the ETF
is 5.4% away from a breakout and 14.4% from breaking down. Although GDX is
closer to its upside boundary, the chart also has some bearish elements to it
most notably, a series of lower highs and a 50-day moving average currently
below the 200-day. Although the breakout scenario is the popular prediction, the
chart presents a more neutral picture. To be clear: This discussion isn't a
recommendation to establish short positions in the gold miners. The proximity of
the $64 breakout point for GDX makes betting against this sector a dangerous
proposition right now. Instead, consider this a warning to take the bullish
predictions with a substantial grain of salt. And watch the 200-day moving
average for GDX, currently at $58.02, very closely. Another breach of this level
particularly one that is accompanied by weakness in bullion could indicate
that the gold-stock story has run out of steam.
Todays gold price per ounce silver price per ounce; spot gold price per gram; DJIA Dow Jones Index DJX DJI Review
Golds appeal held strong throughout the course of the last trading week. Both
precious metals, gold and silver, finished the week in the green as their safe
haven appeal attracted the attention of many investors. The U.S. marketplace was
inconsistent once again and the volatility with stocks is stemming from global
concerns. Morgan Stanley reported that both the European and American economies
were dangerously close to recession. This news spread quickly and only served to
add additional pressure to a global market place that is already struggling for
air. In the U.S., the primary stock indices ended yesterday red and they were
once again negative for the week. The Dow Jones finished off yesterday lower by
172.93 points to close at 10,817.65. The Nasdaq finished lower by 38.59 points
to close out at 2,341.84 and the S&P 500 finished lower by 17.12 points to close
at 1,123.53. For the week, the Dow Jones finished lower by 4 percent. The Nasdaq
finished lower by 6.6 percent and the S&P 500 finished lower by 4.7 percent. The
negativity is making gold and silver more popular by the day. Gold contract for
December delivery finished last session higher by 1.87 percent at 1852.20.
Another record-high touching session for gold. Silver contract for September
delivery finished higher by 11.29 percent at 42.43 per troy ounce. Golds one
month change status is positive by 16.04 percent and silvers one month change
status is positive by 5.03 percent. Spot gold price per gram is green as well.
Spot gold price per gram is currently higher by 1.05 at 59.53. Camillo Zucari
precious metals, gold and silver, finished the week in the green as their safe
haven appeal attracted the attention of many investors. The U.S. marketplace was
inconsistent once again and the volatility with stocks is stemming from global
concerns. Morgan Stanley reported that both the European and American economies
were dangerously close to recession. This news spread quickly and only served to
add additional pressure to a global market place that is already struggling for
air. In the U.S., the primary stock indices ended yesterday red and they were
once again negative for the week. The Dow Jones finished off yesterday lower by
172.93 points to close at 10,817.65. The Nasdaq finished lower by 38.59 points
to close out at 2,341.84 and the S&P 500 finished lower by 17.12 points to close
at 1,123.53. For the week, the Dow Jones finished lower by 4 percent. The Nasdaq
finished lower by 6.6 percent and the S&P 500 finished lower by 4.7 percent. The
negativity is making gold and silver more popular by the day. Gold contract for
December delivery finished last session higher by 1.87 percent at 1852.20.
Another record-high touching session for gold. Silver contract for September
delivery finished higher by 11.29 percent at 42.43 per troy ounce. Golds one
month change status is positive by 16.04 percent and silvers one month change
status is positive by 5.03 percent. Spot gold price per gram is green as well.
Spot gold price per gram is currently higher by 1.05 at 59.53. Camillo Zucari
A Pair-Trade Primer
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Buy-and-hold investors have to be nauseous from recent market activity. Thursday's plunge in the market had stocks down approximately 4% across the board. That is a big swing no matter how you cut it. The natural response to such market volatility is to run for the hills. The safe havens of Treasuries and gold are booming right now. Even diehard buy-and-hold investors are liquidating stocks, as evidenced by the outflow of $40 billion from long-term mutual funds. Given the rapid rise in gold and Treasury prices, these safe havens may be a bit pricey. Treasuries in particular look vulnerable given the rational argument that rising deficits require more bond issuance. Eventually, buyers will demand higher rates, sending pricing lower. I'm not sure what to make of gold . It certainly looks most certain to increase in price if the policy response to slower growth is printing money. It is easy to see the inflationary argument as a reason to own gold. That said, looking rationally at current prices gold owners can't help but see bubbly characteristics in that market. As an alternative to those safe-haven investments, I have another idea that doesn't involve being completely out of the stock market . Instead of a long-only strategy, I encourage investors to use an absolute return approach using pair trades. A pair trade simply means owning a stock long and pairing that position with an equal-value trade of a stock short. The basic goal of this approach is to not lose money. If stocks go down, the short position will increase in value. The flip side is that if stocks go up, the short position will decrease in value. On the surface it might appear that such an approach is a zero-sum game. It is not. Because the market is inefficiently priced some stocks go up higher or fall further than other stocks. Pair trades can capture arbitrage gains by capitalizing on pricing discrepancies. Using a basic example, a pair trade of a stock that is undervalued on the long side with a short of an overvalued stock will not only protect capital on the downside, but generate positive returns that can be fairly significant. Using pair trades with a portion of your portfolio makes sense in this volatile market. Here is an example of a pair trade to help you get started: Long Zipcar/Short LinkedIn The initial public offering, or IPO, market is very inefficient. Hype and momentum pervade stocks that have newly come to market. Fundamentals rarely matter. Instead, IPO's are priced based on future expectations. It is a real crapshoot for sure and fertile ground for pair traders. In the IPO market, I like to own stocks without the hype paired against a trade short of a stock that has shot to the moon. This year's IPO market has given us plenty of candidates to pick from. One of the most hyped stocks that recently came to market is LinkedIn (NYSE: LNKD ). The social networking site that is redefining how the job market operates found no shortage of interested takers when it came to market in May. Selling for an initial price of $45, shares quickly rose above $100 per share in that first day of trading. There was bit of a pullback before the stock raced back over $100 before the recent market correction. The pullback in stocks hit LinkedIn hard. Shares are down 21% since the close on July 22. Even with the selling, this stock is still a good short candidate in a pair trade. Analysts expect the company to break even in the current fiscal year and earn 38 cents per share in 2012. At current prices, shares of LinkedIn are valued at 214 times 2012 earnings. Now that is the kind of hype that can be shorted in a pair trade. I don't care what the growth prospects are for LinkedIn, that price is just way too much, especially in a double-dip recessionary environment. On the flip side of the coin is Zipcar ( NASDAQ : ZIP ). The trendy urban alternative to car ownership came to market in April at an initial offering price of $18 per share. As per usual, the stock soared 54% when it went public. The gains did not stick. Shares drifted lower after the offering as the hype crowd went elsewhere. Before the market correction, shares of Zipcar fell to the low $20 range. Since the close of the market on July 22 shares of Zipcar are down 16%. A pair trade with LinkedIn at that time would have yielded positive returns to absolute return investors. Zipcar now trades for just over its $18 IPO price, making it an attractive candidate for the long side. The story for Zipcar is intriguing and investors no longer have to pay a premium IPO price. Both Zipcar and LinkedIn face competition, but I simply like the Zipcar story more than LinkedIn's. Given the low barrier to entry, LinkedIn is vulnerable to a MySpace flameout. Zipcar must face the traditional rent-a-car business with its model, but the Zipcar brand and its first-mover advantage provide the company with a more certain future, in my opinion. In fact, don't be surprised if Zipcar is acquired by one of the rent-a-car concerns down the road. For a pair trade I like Zipcar on the long side and shorting LinkedIn. Jamie Dlugosch does not own a position in any of the stocks named here.
A Pair-Trade Primer
Buy-and-hold investors have to be nauseous from recent market activity.
Thursday's plunge in the market had stocks down approximately 4% across the
board. That is a big swing no matter how you cut it. The natural response to
such market volatility is to run for the hills. The safe havens of Treasuries
and gold are booming right now. Even diehard buy-and-hold investors are
liquidating stocks, as evidenced by the outflow of $40 billion from long-term
mutual funds. Given the rapid rise in gold and Treasury prices, these safe
havens may be a bit pricey. Treasuries in particular look vulnerable given the
rational argument that rising deficits require more bond issuance. Eventually,
buyers will demand higher rates, sending pricing lower. I'm not sure what to
make of gold. It certainly looks most certain to increase in price if the policy
response to slower growth is printing money. It is easy to see the inflationary
argument as a reason to own gold. That said, looking rationally at current
prices gold owners can't help but see bubbly characteristics in that market.
As an alternative to those safe-haven investments, I have another idea that
doesn't involve being completely out of the stock market. Instead of a
long-only strategy, I encourage investors to use an absolute return approach
using pair trades. A pair trade simply means owning a stock long and pairing
that position with an equal-value trade of a stock short. The basic goal of this
approach is to not lose money. If stocks go down, the short position will
increase in value. The flip side is that if stocks go up, the short position
will decrease in value. On the surface it might appear that such an approach is
a zero-sum game. It is not. Because the market is inefficiently priced some
stocks go up higher or fall further than other stocks. Pair trades can capture
arbitrage gains by capitalizing on pricing discrepancies. Using a basic example,
a pair trade of a stock that is undervalued on the long side with a short of an
overvalued stock will not only protect capital on the downside, but generate
positive returns that can be fairly significant. Using pair trades with a
portion of your portfolio makes sense in this volatile market. Here is an
example of a pair trade to help you get started: Long Zipcar/Short LinkedIn The
initial public offering, or IPO, market is very inefficient. Hype and momentum
pervade stocks that have newly come to market. Fundamentals rarely matter.
Instead, IPO's are priced based on future expectations. It is a real crapshoot
for sure and fertile ground for pair traders. In the IPO market, I like to own
stocks without the hype paired against a trade short of a stock that has shot to
the moon. This year's IPO market has given us plenty of candidates to pick
from. One of the most hyped stocks that recently came to market is LinkedIn
(NYSE: LNKD ). The social networking site that is redefining how the job market
operates found no shortage of interested takers when it came to market in May.
Selling for an initial price of $45, shares quickly rose above $100 per share in
that first day of trading. There was bit of a pullback before the stock raced
back over $100 before the recent market correction. The pullback in stocks hit
LinkedIn hard. Shares are down 21% since the close on July 22. Even with the
selling, this stock is still a good short candidate in a pair trade. Analysts
expect the company to break even in the current fiscal year and earn 38 cents
per share in 2012. At current prices, shares of LinkedIn are valued at 214 times
2012 earnings. Now that is the kind of hype that can be shorted in a pair trade.
I don't care what the growth prospects are for LinkedIn, that price is just
way too much, especially in a double-dip recessionary environment. On the flip
side of the coin is Zipcar (NASDAQ: ZIP ). The trendy urban alternative to car
ownership came to market in April at an initial offering price of $18 per share.
As per usual, the stock soared 54% when it went public. The gains did not stick.
Shares drifted lower after the offering as the hype crowd went elsewhere. Before
the market correction, shares of Zipcar fell to the low $20 range. Since the
close of the market on July 22 shares of Zipcar are down 16%. A pair trade with
LinkedIn at that time would have yielded positive returns to absolute return
investors. Zipcar now trades for just over its $18 IPO price, making it an
attractive candidate for the long side. The story for Zipcar is intriguing and
investors no longer have to pay a premium IPO price. Both Zipcar and LinkedIn
face competition, but I simply like the Zipcar story more than LinkedIn's.
Given the low barrier to entry, LinkedIn is vulnerable to a MySpace flameout.
Zipcar must face the traditional rent-a-car business with its model, but the
Zipcar brand and its first-mover advantage provide the company with a more
certain future, in my opinion. In fact, don't be surprised if Zipcar is
acquired by one of the rent-a-car concerns down the road. For a pair trade I
like Zipcar on the long side and shorting LinkedIn. Jamie Dlugosch does not own
a position in any of the stocks named here.
Thursday's plunge in the market had stocks down approximately 4% across the
board. That is a big swing no matter how you cut it. The natural response to
such market volatility is to run for the hills. The safe havens of Treasuries
and gold are booming right now. Even diehard buy-and-hold investors are
liquidating stocks, as evidenced by the outflow of $40 billion from long-term
mutual funds. Given the rapid rise in gold and Treasury prices, these safe
havens may be a bit pricey. Treasuries in particular look vulnerable given the
rational argument that rising deficits require more bond issuance. Eventually,
buyers will demand higher rates, sending pricing lower. I'm not sure what to
make of gold. It certainly looks most certain to increase in price if the policy
response to slower growth is printing money. It is easy to see the inflationary
argument as a reason to own gold. That said, looking rationally at current
prices gold owners can't help but see bubbly characteristics in that market.
As an alternative to those safe-haven investments, I have another idea that
doesn't involve being completely out of the stock market. Instead of a
long-only strategy, I encourage investors to use an absolute return approach
using pair trades. A pair trade simply means owning a stock long and pairing
that position with an equal-value trade of a stock short. The basic goal of this
approach is to not lose money. If stocks go down, the short position will
increase in value. The flip side is that if stocks go up, the short position
will decrease in value. On the surface it might appear that such an approach is
a zero-sum game. It is not. Because the market is inefficiently priced some
stocks go up higher or fall further than other stocks. Pair trades can capture
arbitrage gains by capitalizing on pricing discrepancies. Using a basic example,
a pair trade of a stock that is undervalued on the long side with a short of an
overvalued stock will not only protect capital on the downside, but generate
positive returns that can be fairly significant. Using pair trades with a
portion of your portfolio makes sense in this volatile market. Here is an
example of a pair trade to help you get started: Long Zipcar/Short LinkedIn The
initial public offering, or IPO, market is very inefficient. Hype and momentum
pervade stocks that have newly come to market. Fundamentals rarely matter.
Instead, IPO's are priced based on future expectations. It is a real crapshoot
for sure and fertile ground for pair traders. In the IPO market, I like to own
stocks without the hype paired against a trade short of a stock that has shot to
the moon. This year's IPO market has given us plenty of candidates to pick
from. One of the most hyped stocks that recently came to market is LinkedIn
(NYSE: LNKD ). The social networking site that is redefining how the job market
operates found no shortage of interested takers when it came to market in May.
Selling for an initial price of $45, shares quickly rose above $100 per share in
that first day of trading. There was bit of a pullback before the stock raced
back over $100 before the recent market correction. The pullback in stocks hit
LinkedIn hard. Shares are down 21% since the close on July 22. Even with the
selling, this stock is still a good short candidate in a pair trade. Analysts
expect the company to break even in the current fiscal year and earn 38 cents
per share in 2012. At current prices, shares of LinkedIn are valued at 214 times
2012 earnings. Now that is the kind of hype that can be shorted in a pair trade.
I don't care what the growth prospects are for LinkedIn, that price is just
way too much, especially in a double-dip recessionary environment. On the flip
side of the coin is Zipcar (NASDAQ: ZIP ). The trendy urban alternative to car
ownership came to market in April at an initial offering price of $18 per share.
As per usual, the stock soared 54% when it went public. The gains did not stick.
Shares drifted lower after the offering as the hype crowd went elsewhere. Before
the market correction, shares of Zipcar fell to the low $20 range. Since the
close of the market on July 22 shares of Zipcar are down 16%. A pair trade with
LinkedIn at that time would have yielded positive returns to absolute return
investors. Zipcar now trades for just over its $18 IPO price, making it an
attractive candidate for the long side. The story for Zipcar is intriguing and
investors no longer have to pay a premium IPO price. Both Zipcar and LinkedIn
face competition, but I simply like the Zipcar story more than LinkedIn's.
Given the low barrier to entry, LinkedIn is vulnerable to a MySpace flameout.
Zipcar must face the traditional rent-a-car business with its model, but the
Zipcar brand and its first-mover advantage provide the company with a more
certain future, in my opinion. In fact, don't be surprised if Zipcar is
acquired by one of the rent-a-car concerns down the road. For a pair trade I
like Zipcar on the long side and shorting LinkedIn. Jamie Dlugosch does not own
a position in any of the stocks named here.
Randgold Resources Ltd. (GOLD) Set A New High For The Year
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gol2664 Negocioenlinea Randgold Resources Ltd. ( GOLD ) Set A New High For The Year RTT News – 4 hours ago (RTTNews) – Randgold Resources Ltd. ( GOLD : News ) gapped up sharply higher Friday and rose steadily during the first half of the morning. The stock took out the highs of the day going into the …
AUQ, GOLD, STAA, RGR, SUSS Hit New 52-Week Highs
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gol2664 Negocioenlinea AUQ, GOLD , STAA, RGR, SUSS Hit New 52-Week Highs Beacon Equity Research – 1 hour ago Aurioo Gold Inc (NYSE:AUQ) hit a new 52 week high of $13.70 in intraday trading and closed at $13.42 +2.91% on 1,895,100 shares traded. AuRico Gold is a gold and silver producer with a portfolio …
Todays DJIA Dow Jones Average Index DJX DJI; Stock Market Today; Dow Nasdaq S&P 500 fall for week; Current Investing News
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dow2664 The primary index composites finished the last trading session in the red. Not only did the Dow Jones , Nasdaq and S&P 500 finish the last session red, but all indices finished the week overall on the negative side of break-even again. script type=”text/javascript”> The Dow Jones Industrial Average finished off yesterday in the red by 1.57 percent at 10,817.65. The Nasdaq finished off red by 1.62 percent at 2,341.84 and the S&P 500 closed out in the green by 1.50 percent at 1,123.53. The DJIA ended the week lower by 4 percent. The Nasdaq finished the week lower by 6.6 percent and the S&P 500 finished off lower by 4.7 percent overall for the week. The week was another volatile one for the U.S. stock market and Friday culminated with a significant stock sell off. Major news posting this week related to the Morgan Stanley report which identified the European and American economies as both being dangerously close to recession. It might not be a bear market yet in the U.S., but it is definitely setting up for the easy transition. Now, because of the slowdowns in the European and American economies, additional concerns are presenting regarding the Chinese economy. It is a domino effect and the results are skewed negative on a global scale. Global fears are building, and as a result stock market outcomes around the globe were weaker yesterday. Asian indices went red as did the primary European indices. Overall, it was another very disappointing week for the U.S. stock market and global counterparts. Frank Matto
This Week the Gold Price Told us Very Loudly that it Intends to Make a New Leg Up
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DG365FD46564GFH654FU898 Gold Price Close Today : 1,848.90 Gold Price Close 12-Aug : 1,740.20 Change : 108.70 or 6.2% Silver Price Close Today : 4242.8 Silver Price Close 12-Aug : 3910.1 Change : 332.70 or 8.5% Gold Silver Ratio Today : 43.577 Gold Silver Ratio 12-Aug : 44.505 Change : -0.93 or -2.1% Silver Gold Ratio : 0.02295 Silver Gold Ratio 12-Aug : 0.02247 Change : 0.00048 or 2.1% Dow in Gold Dollars : $ 120.95 Dow in Gold Dollars 12-Aug : $ 133.86 Change : $ (12.92) or -9.6% Dow in Gold Ounces : 5.851 Dow in Gold Ounces 12-Aug : 6.476 Change : -0.62 or -9.6% Dow in Silver Ounces : 254.96 Dow in Silver Ounces 12-Aug : 288.20 Change : -33.24 or -11.5% Dow Industrial : 10,817.65 Dow Industrial 12-Aug : 11,269.02 Change : -451.37 or -4.0% S&P 500 : 1,123.53 S&P 500 12-Aug : 1,178.81 Change : -55.28 or -4.7% US Dollar Index : 73.993 US Dollar Index 12-Aug : 74.579 Change : -0.586 or -0.8% Platinum Price Close Today : 1,876.00 Platinum Price Close 12-Aug : 1,796.00 Change : 80.00 or 4.5% Palladium Price Close Today : 750.00 Palladium Price Close 12-Aug : 743.55 Change : 6.45 or 0.9% This week the Gold Price told us very loudly that it intends to make a new leg up. Not only did it gain US$108.70 this week for a new all time dollar high today (3 in the last 3 days), but the Gold Price also closed at a new high in Euros (e1,287) and yen (Y141,700). Another face of the new phase: the Gold Price is climbing against ALL fiat currencies. Y’all need not remind me how overbought gold is. The RSI and MACD both tell me that. But yesterday to all the rest of the panic, Venezuela’s Hugo Chavez ordered foreign depositories to send Venezuela’s gold home (Venezuela is the world’s 15th largest gold holder), 211 metric tonnes or 6.783 Million Ounces (Moz). Bank of England holds 99 tonnes of that (3.183 Moz), while the rest is scattered amongst the usual suspects: JP Morgan Chase, Barclays, HSBC, Standard Chartered, BNP Paribas, and Bank of Nova Scotia. Some speculate that Chavez has precipitated a “short squeeze,” i.e., is forcing those short gold to deliver. Nothing quite drives the price of anything like shorts scrambling to deliver, covering at any price. I am of course not accusing ancient, hoary, and respectable institutions like the BoE or JP Morgan or BNP of shorting gold they were supposed to be storing — why, perish the thought! Yet how else does one account for gold’s perpendicular rise? Cheery Chavez also nationalized all the private gold producers in Venezuela, which casts a pall over the gold mining community. Also reminds owners of gold stocks what the words “political risk” mean. Bound to make it harder for miners to borrow and float shares, if only for a while. So today the Gold Price rose $30 to a new all time high of $1,848.90. Yes, it’s high, parabolic, and overbought, but how much higher will panic drive it? $2,000? $2,050? $2,100? Higher? I bought some at $1,854, and will buy more. The Silver Price gobbled down a colossal 332.7c this week, rising 8.5% to close Comex today 4242.8. I knew once it got thru 4100c resistance it would jump, but 174.1c in one day? Time I got up this morning SILVER had already burst thru 4150c (about 6:45 New York time), then it shot clean to 4250c. It backed off a little on the open, rose to 4250c again, reacted after testing that ceiling, then bulldozed from 4140c the rest of the day to trade at 4289c in the aftermarket. Technically silver’s close today takes it above the last intraday high (4229c) and clears the way for another test of 5000c. Unlike GOLD — get this — the Silver Price is NOT overbought and has only this week crossed its 20 DMA (3988c). Plenty of room for a sprint to 5000c. Panic has grown with the week. The Gold Price rose an astounding $108.70 or 6.2%, while the Silver Price rose 332.7c or 8.5%. Dow lost 4.7%, S&P500 4.7%. We are now seeing volumes near what we saw in the 2008 panic, and wholesalers are stretching out delivery. Stocks fell off the cliff at 11,300 on Thursday. Hard for me to ken how anyone might still argue stocks are coming back in the next decade or so. Stock decline looks like a completed 4 waves beginning another down leg. Dow in Gold Dollars passed a new milestone this week, falling below G$$124.03 (6.00 ounces). Closed today at G$120.95, or 5.851 oz. Let me make clear what that means. For 5.851 oz you could buy one share of all the stocks that make up the Dow Jones Industrial Index — 10,817.5/$1,848.90 = 5.851. Dow in silver ounces likewise has fallen to a new low. Now you need on 254.96 ounces to buy the Dow, while at the top in 2001 you needed 2,560. Do y’all understand that we are entering a new phase of development? That everything is moving faster, more violently, with more volatility? You must protect yourself. Ask, and linger over the meditation: with the stock market collapsing, WHAT WILL BEN DO? Will he stay on the wagon, or will he reach for that jug labeled “QE3″? Stocks — your ticket to a retirement under an interstate overpass in a splendid cardboard shack with access to fine dumpster dining. One face of the new phase is that instead of falling with stocks in this panic, GOLD has risen, meaning that flight capital is fleeing into gold this time, not US dollars. More astonishing, SILVER is accompanying GOLD up, not following stocks down. O, brave new world! Losing a modest 25.1 basis points, the US DOLLAR INDEX now flirteth with 74, in fact, 73.993. It dropped 0.32% today, but point to watch is that it seems to have bottomed Wednesday and today confirmed that bottom. Whichever Nice Government Men are managing it are laboring mightily to keep it beneath its 20 day moving average, now 74.28. Unless it breaks 73.40, they’ll be hard pressed to corral it, faced by a panic. Euro rose 0.45% today to close 1.4394, but remains in a downtrend. Only closes above 1.4697 and 1.4940 can change that. Personally, I think y’all will see 1.2000 first. Yen made an new all time intraday high today and closed at 130.65c/Y100 (Y76.54/$). Pity the NGM working for the Bank of Japan. On 19 August 1848 the gold discovery in California was reported in the New York Herald. YESTERDAY I encouraged y’all to go back and review the crisis recommendations I made earlier. The date was wrong, so I am reprinting the recommendations from 5 August below: HERE ARE THE RECOMMENDATIONS FROM 5 AUGUST 2011. Europe will drag the US into crisis. Here are my suggestions for self-protection: 1. Get liquid. Pay down debt as much as you can. Sell non-performing investments, like stocks, or investments that will suffer from depression or inflation. 2. Close out leveraged positions. Markets are way too volatile for that. 3. Hold on to silver and gold. 4. Hang on to cash anticipating great bargains in a crisis. Remember gold went to $700 and silver to 880c. Gold/silver ratio went to 84, offering a great gold to silver swap. Not expecting those numbers again, but we might see the analogs. 5. Fill up propane tanks, home gasoline or diesel tanks. 6. Stock up on food — long term storage food, not smoked oysters and tomato soup. Rice, for instance. Dehydrated food. MREs. 7. Stock up on ammo. 8. Get out of the city, or at least have a country place waiting to receive you. Don’t be fooled by my calm words, either. Y’all are reading the equivalent of an air raid siren, and y’all had better run for cover. 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 in a bubble, primary trend way down. Whenever I write “Stay out of stocks” readers inevitably ask, “Do you mean precious metals mining stocks, too?” No, I don’t. 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 outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.
Salesforce.com: Not a Cheap Way to Experience the Cloud
Salesforce.com (NYSE: CRM ) reports second quarter-earnings Aug. 18 after the
market closes. Analysts expect EPS of four cents, a 75% decline from last year.
Revenues, on the other hand, should rise 34% year-over-year to $528.6 million.
It's a mixed bag, for sure, and likely why its stock is up just 1.6%
year-to-date. Regardless of how it does, I don't like this stock. Here are
some reasons why: What You Get for $100,000 Proponents of higher liquor prices
believe raising them reduces excessive drinking. I don't agree. I believe most
people who don't have a drinking problem consume the same amount every month.
If prices are lower, they simply put the savings to use somewhere else in their
budget. How does this relate to Salesforce.com? I believe investors work in
reverse. In most cases, investors tend to commit a specific amount of capital to
buying stock and then do so at an appropriate price. However, if they can get a
bigger bang for their buck, they'll gladly take the extra shares. I look at
Salesorce.com and think: What can I get for my $100,000? At current prices,
approximately 750 shares. For each of those shares I'm paying $71 for a dollar
in future earnings. If I'm a growth investor, I have no problem paying this
multiple because earnings are estimated to increase 27% per annum for the next
five years. Such earnings power deserves a premium multiple. If I'm a value
investor, I'm thinking there must be a better way. I'd rather pay far less
for my dollar in earnings. For the same $100,000, I could buy 583 shares of
Intuit (NASDAQ: INTU ), 906 shares of Oracle (NASDAQ: ORCL ), 618 shares of BMC
Software (NASDAQ: BMC ) and 1015 shares of Adobe Systems (NASDAQ: ADBE ). The
earnings yield for these four stocks is 8.9% 536% greater than Salesforce.com.
A Better Alternative If you want to read a good article about the future of
cloud computing, Andrew Leckey of the Los Angeles Times wrote a good primer July
31 . Salesforce.com is a pioneer in the field, which Forrester Research expects
to grow almost 500% by 2020 to $241 billion. There's no doubt it's
contributed to small-business productivity and cost savings by providing a
pay-as-you-go web-based service. However, I have to think the competition is
going to heat up once the public starts to better understand what cloud
computing actually is. I currently use the free version of Zoho for writing
articles while on the road, and although I'm not a techie, the concept of free
is a powerful one. I've also read Jason Fried's book, ReWork. Fried is the
founder and CEO of 37 Signals, who market Highrise, a Web-based CRM geared
toward small businesses. In addition, Microsoft (NASDAQ: MSFT ) has Azure, and
surely Google (NASDAQ: GOOG ), Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ) and
Intuit will enter this arena in the future. This doesn't mean Salesforce.com
won't experience some measure of success, just that there's a safer way to
hedge your bet. First Trust introduced the ISE Cloud Computing Index Fund on
July 5 at an opening price of $20. It was an untimely entrance, dropping 16% in
just more than a month. Nonetheless, buying this ETF gives you pure-play cloud
computing companies like Salesforce.com, as well as non-pure-play companies like
Teradata (NYSE: TDC ) and others. Forty stocks in all, its P/E is one-third that
of Salesforce.com. If you want a technology position in your portfolio, this is
a much smarter buy. Bottom Line The truth about value investors is that when
push comes to shove, we're really growth investors in disguise. No business
can survive indefinitely without growth, and we know this. It's just that we
want it at a reasonable price. Salesforce.com isnt. As of this writing, Will
Ashworth did not own a position in any of the stocks named here.
market closes. Analysts expect EPS of four cents, a 75% decline from last year.
Revenues, on the other hand, should rise 34% year-over-year to $528.6 million.
It's a mixed bag, for sure, and likely why its stock is up just 1.6%
year-to-date. Regardless of how it does, I don't like this stock. Here are
some reasons why: What You Get for $100,000 Proponents of higher liquor prices
believe raising them reduces excessive drinking. I don't agree. I believe most
people who don't have a drinking problem consume the same amount every month.
If prices are lower, they simply put the savings to use somewhere else in their
budget. How does this relate to Salesforce.com? I believe investors work in
reverse. In most cases, investors tend to commit a specific amount of capital to
buying stock and then do so at an appropriate price. However, if they can get a
bigger bang for their buck, they'll gladly take the extra shares. I look at
Salesorce.com and think: What can I get for my $100,000? At current prices,
approximately 750 shares. For each of those shares I'm paying $71 for a dollar
in future earnings. If I'm a growth investor, I have no problem paying this
multiple because earnings are estimated to increase 27% per annum for the next
five years. Such earnings power deserves a premium multiple. If I'm a value
investor, I'm thinking there must be a better way. I'd rather pay far less
for my dollar in earnings. For the same $100,000, I could buy 583 shares of
Intuit (NASDAQ: INTU ), 906 shares of Oracle (NASDAQ: ORCL ), 618 shares of BMC
Software (NASDAQ: BMC ) and 1015 shares of Adobe Systems (NASDAQ: ADBE ). The
earnings yield for these four stocks is 8.9% 536% greater than Salesforce.com.
A Better Alternative If you want to read a good article about the future of
cloud computing, Andrew Leckey of the Los Angeles Times wrote a good primer July
31 . Salesforce.com is a pioneer in the field, which Forrester Research expects
to grow almost 500% by 2020 to $241 billion. There's no doubt it's
contributed to small-business productivity and cost savings by providing a
pay-as-you-go web-based service. However, I have to think the competition is
going to heat up once the public starts to better understand what cloud
computing actually is. I currently use the free version of Zoho for writing
articles while on the road, and although I'm not a techie, the concept of free
is a powerful one. I've also read Jason Fried's book, ReWork. Fried is the
founder and CEO of 37 Signals, who market Highrise, a Web-based CRM geared
toward small businesses. In addition, Microsoft (NASDAQ: MSFT ) has Azure, and
surely Google (NASDAQ: GOOG ), Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ) and
Intuit will enter this arena in the future. This doesn't mean Salesforce.com
won't experience some measure of success, just that there's a safer way to
hedge your bet. First Trust introduced the ISE Cloud Computing Index Fund on
July 5 at an opening price of $20. It was an untimely entrance, dropping 16% in
just more than a month. Nonetheless, buying this ETF gives you pure-play cloud
computing companies like Salesforce.com, as well as non-pure-play companies like
Teradata (NYSE: TDC ) and others. Forty stocks in all, its P/E is one-third that
of Salesforce.com. If you want a technology position in your portfolio, this is
a much smarter buy. Bottom Line The truth about value investors is that when
push comes to shove, we're really growth investors in disguise. No business
can survive indefinitely without growth, and we know this. It's just that we
want it at a reasonable price. Salesforce.com isnt. As of this writing, Will
Ashworth did not own a position in any of the stocks named here.
Thursday’s Stocks to Watch: NetApp, JDSU
Here are a few stocks to keep on your radar: NetApp (NASDAQ: NTAP ) shares
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