Gold was trading higher in New York early Friday as investors and traders
pondered the $447 billion American Jobs Act outlined by President Barack Obama
on Thursday evening, as well as comments from Federal Reserve Chairman Bernanke
to the Economic Club of Minnesota. Spot gold was trading at $1,852.10 Bid,
$1,853.10 Ask around 10 a.m., hitting a high of $1,860.90 and a low of $1,829.70
in early-morning trading. The London p.m. fix price was set at $1,851 per ounce.
Set at $41.40 in the London a.m., spot silver was up more than 40 cents on the
day thus far. Spot silver was trading at $41.81 Bid, $41.91 Ask, according to
Kitco market data . Addressing a joint session of Congress on Thursday evening,
Obama proposed a plan to jump-start job creation in the U.S. The plan proposes
extending payroll tax cuts, a tax credit for businesses hiring the long-term
unemployed, federal money to keep laid-off teachers and emergency response
workers on the job, spending to renovate schools and infrastructure, and a tax
credit for hiring unemployed veterans. The additional federal spending
reportedly would be paid for in its entirety by closing corporate tax loopholes
and raising taxes on the very wealthy. In his speech in Minneapolis, Bernanke
said consumers and households were bearing the worst of the frustratingly slow
economic recovery and cautioned that state and local government spending cuts
and layoffs could slow the economy as federal stimulus runs out. Bernanke made
no mention of any new Fed actions to support the economy. Turning to exchange
trading, gold and silver trusts were moving lower. The SPDR Gold Trust (NYSE:
GLD ) was down around 1.3%. The iShares Gold Trust (NYSE: IAU ) was about 1.4%
lower. The iShares Silver Trust (NYSE: SLV ) was off 1.5%. Gold and silver
mining ETFs were moving lower, too. The Market Vectors Gold Miners ETF (NYSE:
GDX ) was down about 0.2%. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ
) was around 1% lower. The Global X Silver Miners ETF (NYSE: SIL ) was almost
0.6% lower. Shares of gold miners were mixed, with most showing relatively small
gains and losses. Agnico Eagle Mines (USA) (NYSE: AEM ) was down between 0.4%
and 0.5%. Barrick Gold Corp. (NYSE: ABX ) was between 0.2% and 0.3% lower.
Goldcorp (NYSE: GG ) was trading about 0.1% to 0.2% higher. Newmont Mining Corp.
(NYSE: NEM ) was up between 0.4% and 0.5%. NovaGold Resources (USA) (AMEX: NG )
was flat on the day thus far. Silver mining shares were broadly lower early
Friday. Coeur DAlene Mines Corp. (NYSE: CDE ) was down around 0.5%. Hecla Mining
(NYSE: HL ) was about 0.6% lower. Pan American Silver Corp. (USA) (NASDAQ: PAAS
) was down 0.4%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was around 1.3% lower.
Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was trading flat on the
day. The author does not hold positions in any of the above-mentioned
investments.
Friday, September 9, 2011
Don’t Write Off OpenTable Quite Yet
This is the trouble with instant analysis. On Thursday, Google (NASDAQ: GOOG )
announced that it would buy Zagat, the "quote happy" publisher of thumbnail
" restaurant reviews " with a rating system prone to " grade inflation
." Although Zagat had "struggled" in the smartphone era, an instantaneous
consensus emerged that the deal would " crush " the prospects of
online-reservation pioneer, OpenTable (NASDAQ: OPEN ). Investors responded by
giving OpenTable the kind of bleak rating normally reserved for greasy spoons.
By noon, the stock was down 12% from Wednesdays close, but by days end investors
seemed to think that was a little overdone. The stock still closed down 8% at
$57.50 on six times its average daily volume, and theres reason to think
OpenTable will recover further in the short term. Thats because, as the day wore
on, clearer minds began to look at the deal and see it might not be all it was
cracked up to be. Reuters Felix Salmon, noting that "Zagat is mainly useful as
a source of phone numbers and opening hours" also owns " a massive global
print-publishing business ; I can't for the life of me imagine why that's
something that Google wants to get into." Google is probably interested in
building out a platform where people rate and review restaurants. Its tried to
build its own platform and seed it with users of Gmail and its other services,
but that didnt work. Yelp also rebuffed Googles attempt at a buyout. But Zagat
offers a global brand and an audience of diners who have been crowd-sourcing
Zagat reviews for decades. Google is clearly hoping to plug those readers into
the online platform its been building. The trouble is, most Zagat reviewers seem
to be loyal to the printed guides. When it comes to online reviews, people are
increasingly heading over to Yelp. A story on marketing-news site ClickZ quoted
comScore data showing Yelps unique users rose 42% to 33.3 million this July from
the same month in 2010, while Zagats unique visitors dropped 20%
announced that it would buy Zagat, the "quote happy" publisher of thumbnail
" restaurant reviews " with a rating system prone to " grade inflation
." Although Zagat had "struggled" in the smartphone era, an instantaneous
consensus emerged that the deal would " crush " the prospects of
online-reservation pioneer, OpenTable (NASDAQ: OPEN ). Investors responded by
giving OpenTable the kind of bleak rating normally reserved for greasy spoons.
By noon, the stock was down 12% from Wednesdays close, but by days end investors
seemed to think that was a little overdone. The stock still closed down 8% at
$57.50 on six times its average daily volume, and theres reason to think
OpenTable will recover further in the short term. Thats because, as the day wore
on, clearer minds began to look at the deal and see it might not be all it was
cracked up to be. Reuters Felix Salmon, noting that "Zagat is mainly useful as
a source of phone numbers and opening hours" also owns " a massive global
print-publishing business ; I can't for the life of me imagine why that's
something that Google wants to get into." Google is probably interested in
building out a platform where people rate and review restaurants. Its tried to
build its own platform and seed it with users of Gmail and its other services,
but that didnt work. Yelp also rebuffed Googles attempt at a buyout. But Zagat
offers a global brand and an audience of diners who have been crowd-sourcing
Zagat reviews for decades. Google is clearly hoping to plug those readers into
the online platform its been building. The trouble is, most Zagat reviewers seem
to be loyal to the printed guides. When it comes to online reviews, people are
increasingly heading over to Yelp. A story on marketing-news site ClickZ quoted
comScore data showing Yelps unique users rose 42% to 33.3 million this July from
the same month in 2010, while Zagats unique visitors dropped 20%
Top 10 Rebounding U.S.-Listed Chinese Stocks: CIIC, ATAI, HRBN, SHZ, MPEL, CSNH, GRO, SINA, FFHL, ORS (Sep 09, 2011)
Below are the top 10 rebounding U.S.-listed Chinese stocks. These companies
business outlook has improved a lot in the past 52 weeks. China Infrastructure
Investment Corp (NASDAQ:CIIC) is the 1st best rebounding stock in this segment
of the market. It has risen 425% from its 52-week low. It is now trading at 99%
of its 52-week high. ATA Inc.(ADR) (NASDAQ:ATAI) is the 2nd best rebounding
stock in this segment of the market. It has risen 249% from its 52-week low. It
is now trading at 75% of its 52-week high. Harbin Electric, Inc. (NASDAQ:HRBN)
is the 3rd best rebounding stock in this segment of the market. It has risen
236% from its 52-week low. It is now trading at 78% of its 52-week high. China
Shen Zhou Mining & Resources Inc. (AMEX:SHZ) is the 4th best rebounding stock in
this segment of the market. It has risen 192% from its 52-week low. It is now
trading at 22% of its 52-week high. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the 5th best rebounding stock in this segment of the market. It
has risen 191% from its 52-week low. It is now trading at 78% of its 52-week
high. China Shandong Industries Inc (NASDAQ:CSNH) is the 6th best rebounding
stock in this segment of the market. It has risen 183% from its 52-week low. It
is now trading at 23% of its 52-week high. Agria Corporation (ADR) (NYSE:GRO) is
the 7th best rebounding stock in this segment of the market. It has risen 175%
from its 52-week low. It is now trading at 82% of its 52-week high. SINA
Corporation (USA) (NASDAQ:SINA) is the 8th best rebounding stock in this segment
of the market. It has risen 153% from its 52-week low. It is now trading at 74%
of its 52-week high. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) is the 9th
best rebounding stock in this segment of the market. It has risen 136% from its
52-week low. It is now trading at 36% of its 52-week high. Orsus Xelent
Technologies Inc. (AMEX:ORS) is the 10th best rebounding stock in this segment
of the market. It has risen 135% from its 52-week low. It is now trading at 10%
of its 52-week high.
business outlook has improved a lot in the past 52 weeks. China Infrastructure
Investment Corp (NASDAQ:CIIC) is the 1st best rebounding stock in this segment
of the market. It has risen 425% from its 52-week low. It is now trading at 99%
of its 52-week high. ATA Inc.(ADR) (NASDAQ:ATAI) is the 2nd best rebounding
stock in this segment of the market. It has risen 249% from its 52-week low. It
is now trading at 75% of its 52-week high. Harbin Electric, Inc. (NASDAQ:HRBN)
is the 3rd best rebounding stock in this segment of the market. It has risen
236% from its 52-week low. It is now trading at 78% of its 52-week high. China
Shen Zhou Mining & Resources Inc. (AMEX:SHZ) is the 4th best rebounding stock in
this segment of the market. It has risen 192% from its 52-week low. It is now
trading at 22% of its 52-week high. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the 5th best rebounding stock in this segment of the market. It
has risen 191% from its 52-week low. It is now trading at 78% of its 52-week
high. China Shandong Industries Inc (NASDAQ:CSNH) is the 6th best rebounding
stock in this segment of the market. It has risen 183% from its 52-week low. It
is now trading at 23% of its 52-week high. Agria Corporation (ADR) (NYSE:GRO) is
the 7th best rebounding stock in this segment of the market. It has risen 175%
from its 52-week low. It is now trading at 82% of its 52-week high. SINA
Corporation (USA) (NASDAQ:SINA) is the 8th best rebounding stock in this segment
of the market. It has risen 153% from its 52-week low. It is now trading at 74%
of its 52-week high. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) is the 9th
best rebounding stock in this segment of the market. It has risen 136% from its
52-week low. It is now trading at 36% of its 52-week high. Orsus Xelent
Technologies Inc. (AMEX:ORS) is the 10th best rebounding stock in this segment
of the market. It has risen 135% from its 52-week low. It is now trading at 10%
of its 52-week high.
Green Mountain Call Options Could Percolate Profit
Amid the market turmoil, one stock which has been ever so stealthily marching
higher is Green Mountain Coffee Roasters (NASDAQ: GMCR ). As it approaches
overhead resistance, this stock looks amped up and ready to surge into new
territory. What makes a breakout setup so appealing is the likelihood of
follow-through. More often than not, when a stock rises to new highs it attracts
a notable amount of fresh capital which results in further upside pressure in
the stock. While GMCR trades upwards of 2.5 million shares a day, offering
sufficient liquidity for stock traders of all stripes, the options aren't as
liquid as one would hope. Remember: tight bid-ask spreads make the life of an
option trader much easier. When faced with options of a more illiquid nature,
traders have two choices: First, they can simply stick to the underlying and buy
stock to express their bullish outlook. Second, they can trade the options
anyway but focus on using limit orders in an attempt to split the bid-ask spread
and achieve a more palatable fill. One play worth consideration is the simple
purchase of an Oct 110 call option if GMCR is able to break above the $110-$111
threshold. It sets up a limit risk and unlimited reward profile that will profit
if GMCR continues to rise in coming weeks. Source: MachTrader At the time of
this writing, Tyler Craig had no positions in GMCR.
higher is Green Mountain Coffee Roasters (NASDAQ: GMCR ). As it approaches
overhead resistance, this stock looks amped up and ready to surge into new
territory. What makes a breakout setup so appealing is the likelihood of
follow-through. More often than not, when a stock rises to new highs it attracts
a notable amount of fresh capital which results in further upside pressure in
the stock. While GMCR trades upwards of 2.5 million shares a day, offering
sufficient liquidity for stock traders of all stripes, the options aren't as
liquid as one would hope. Remember: tight bid-ask spreads make the life of an
option trader much easier. When faced with options of a more illiquid nature,
traders have two choices: First, they can simply stick to the underlying and buy
stock to express their bullish outlook. Second, they can trade the options
anyway but focus on using limit orders in an attempt to split the bid-ask spread
and achieve a more palatable fill. One play worth consideration is the simple
purchase of an Oct 110 call option if GMCR is able to break above the $110-$111
threshold. It sets up a limit risk and unlimited reward profile that will profit
if GMCR continues to rise in coming weeks. Source: MachTrader At the time of
this writing, Tyler Craig had no positions in GMCR.
McDonald’s, BAC a Drag on Dow Jones
The Dow opened sharply lower Friday morning, dropping about 170 points to fall
under 11,128, a loss of about 1.5%. Investors had plenty to be worried about.
President Barack Obamas $447 billion plan to create jobs was poorly received and
has no support from the Republican-controlled House of Representatives. A key
U.S. Senator, John Kyl, R-Arizona, threatened to leave the debt commission panel
if military spending was reduced. A top officials departure from the European
Central Bank threatened any resolution of the continents debt crisis. Also,
Federal Reserve Chairman Ben Bernankes speech Thursday afternoon did not offer
the help Wall Street was hoping for the U.S. economy. For the past five days of
trading, the Dow Jones Industrial Average is down more than 3.1%. Not a single
stock on the Dow Jones Industrial Average was up in early-morning action.
McDonalds (NYSE: MCD ) was down more than 4%, or around $4, to under $85. The
Golden Arches were drooping over Wall Street as August sales did not increase as
much as anticipated, particularly in Asia. Still, McDonalds is up about 10% for
the quarter and more than 22% for the year. With its strong dividend and solid
franchise, McDonalds increasingly is being considered a safe-haven stock for
investors seeking stability. Bank of America (NYSE: BAC ) was down along with
the rest of the financial sector, dropping about a dime per share, or about
1.5%, to around $7.10. Massive layoffs of about 40,000 are being considered .
Yesterday, Bank of America announced it would close about 600 branches. Bank of
America is down almost 50% year to date. JMP Securities and Guggenheim Partners
both cut earnings estimates for Bank of America this morning. Another highly
regarded stock, JPMorgan (NYSE: JPM ), was off more than 2% early, losing almost
$1 per share to trade around $32.70. JPMorgan has a high percentage of problem
mortgages. With the economy slipping, its credit card portfolio also could
become a drag on earnings. JPM is down about 10% for the week and 20% for the
year. Pfizer (NYSE: PFE ) was down almost 3%, losing more than 50 cents to fall
under $18.30 per share. Johnson & Johnson and Bayer just won an FDA panels
approval for a stroke-preventing drug to compete with Pfizers. For the year,
Pfizer is up almost 17%. It was upgraded to a buy by Argus on Aug. 10 and
Standpoint Research on Aug. 5. General Electric (NYSE: GE ) was off another 2%,
about 30 cents, to trade for less than $15.30 per share. Concerns about growth
in Europe were bringing GEs shares down. General Electric has lost more than 4%
per share for the week and more than 21% for the past six months. Down about 3%,
or 70 cents, to under $23.20 was Hewlett-Packard (NYSE: HPQ ). The announced
restructuring of the company continues to plague Hewlett-Packard. Since the
company announced in mid-August that it would spin off or sell its personal
computer division, the stock has lost almost 25%. RBC Capital Markets downgraded
HPQ on Aug. 25. Jonathan Yates does not own any of the stocks mentioned in this
article.
under 11,128, a loss of about 1.5%. Investors had plenty to be worried about.
President Barack Obamas $447 billion plan to create jobs was poorly received and
has no support from the Republican-controlled House of Representatives. A key
U.S. Senator, John Kyl, R-Arizona, threatened to leave the debt commission panel
if military spending was reduced. A top officials departure from the European
Central Bank threatened any resolution of the continents debt crisis. Also,
Federal Reserve Chairman Ben Bernankes speech Thursday afternoon did not offer
the help Wall Street was hoping for the U.S. economy. For the past five days of
trading, the Dow Jones Industrial Average is down more than 3.1%. Not a single
stock on the Dow Jones Industrial Average was up in early-morning action.
McDonalds (NYSE: MCD ) was down more than 4%, or around $4, to under $85. The
Golden Arches were drooping over Wall Street as August sales did not increase as
much as anticipated, particularly in Asia. Still, McDonalds is up about 10% for
the quarter and more than 22% for the year. With its strong dividend and solid
franchise, McDonalds increasingly is being considered a safe-haven stock for
investors seeking stability. Bank of America (NYSE: BAC ) was down along with
the rest of the financial sector, dropping about a dime per share, or about
1.5%, to around $7.10. Massive layoffs of about 40,000 are being considered .
Yesterday, Bank of America announced it would close about 600 branches. Bank of
America is down almost 50% year to date. JMP Securities and Guggenheim Partners
both cut earnings estimates for Bank of America this morning. Another highly
regarded stock, JPMorgan (NYSE: JPM ), was off more than 2% early, losing almost
$1 per share to trade around $32.70. JPMorgan has a high percentage of problem
mortgages. With the economy slipping, its credit card portfolio also could
become a drag on earnings. JPM is down about 10% for the week and 20% for the
year. Pfizer (NYSE: PFE ) was down almost 3%, losing more than 50 cents to fall
under $18.30 per share. Johnson & Johnson and Bayer just won an FDA panels
approval for a stroke-preventing drug to compete with Pfizers. For the year,
Pfizer is up almost 17%. It was upgraded to a buy by Argus on Aug. 10 and
Standpoint Research on Aug. 5. General Electric (NYSE: GE ) was off another 2%,
about 30 cents, to trade for less than $15.30 per share. Concerns about growth
in Europe were bringing GEs shares down. General Electric has lost more than 4%
per share for the week and more than 21% for the past six months. Down about 3%,
or 70 cents, to under $23.20 was Hewlett-Packard (NYSE: HPQ ). The announced
restructuring of the company continues to plague Hewlett-Packard. Since the
company announced in mid-August that it would spin off or sell its personal
computer division, the stock has lost almost 25%. RBC Capital Markets downgraded
HPQ on Aug. 25. Jonathan Yates does not own any of the stocks mentioned in this
article.
Top 10 Focus Stocks of The Day: CWTR, HEB, ORBC, GBE, REXX, ACHN, SPRD, USAT, SXI, SEH (Sep 09, 2011)
Below are todays top 10 focus stocks. These momentum stocks are attracting a
lot of interest from traders. One Chinese company (SPRD) is on the list.
Coldwater Creek Inc. (NASDAQ:CWTR) is todays 1st best focus stock. Its daily
price change was 24.1% in the previous trading session. Its upside potential is
59% based on brokerage analysts average target price of $2 on the stock. It is
rated positively by 0% of the 4 analyst(s) covering it. Its long-term annual
earnings growth is 3% based on analysts average estimate. Hemispherx BioPharma,
Inc (AMEX:HEB) is todays 2nd best focus stock. Its daily price change was 12.2%
in the previous trading session. Its upside potential is 331% based on brokerage
analysts average target price of $2 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. ORBCOMM Inc. (NASDAQ:ORBC) is todays 3rd
best focus stock. Its daily price change was 9.7% in the previous trading
session. Its upside potential is 60% based on brokerage analysts average target
price of $4 on the stock. It is rated positively by 100% of the 3 analyst(s)
covering it. Its long-term annual earnings growth is 20% based on analysts
average estimate. Grubb & Ellis Company (NYSE:GBE) is todays 4th best focus
stock. Its daily price change was 9.4% in the previous trading session. Its
upside potential is 159% based on brokerage analysts average target price of $2
on the stock. It is rated positively by 50% of the 2 analyst(s) covering it. Its
long-term annual earnings growth is 10% based on analysts average estimate. Rex
Energy Corporation (NASDAQ:REXX) is todays 5th best focus stock. Its daily price
change was 8.8% in the previous trading session. Its upside potential is 23%
based on brokerage analysts average target price of $17 on the stock. It is
rated positively by 73% of the 15 analyst(s) covering it. Its long-term annual
earnings growth is 55% based on analysts average estimate. Achillion
Pharmaceuticals, Inc. (NASDAQ:ACHN) is todays 6th best focus stock. Its daily
price change was 8.4% in the previous trading session. Its upside potential is
65% based on brokerage analysts average target price of $10 on the stock. It is
rated positively by 87% of the 15 analyst(s) covering it. Its long-term annual
earnings growth is 0% based on analysts average estimate. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) is todays 7th best focus stock. Its
daily price change was 8.2% in the previous trading session. Its upside
potential is 32% based on brokerage analysts average target price of $26 on the
stock. It is rated positively by 92% of the 12 analyst(s) covering it. Its
long-term annual earnings growth is 16% based on analysts average estimate. USA
Technologies, Inc. (NASDAQ:USAT) is todays 8th best focus stock. Its daily price
change was 7.7% in the previous trading session. Its upside potential is 2%
based on brokerage analysts average target price of $2 on the stock. It is rated
positively by 50% of the 2 analyst(s) covering it. Its long-term annual earnings
growth is 25% based on analysts average estimate. Standex Intl Corp. (NYSE:SXI)
is todays 9th best focus stock. Its daily price change was 7.2% in the previous
trading session. Its upside potential is 51% based on brokerage analysts average
target price of $49 on the stock. It is rated positively by 100% of the 1
analyst(s) covering it. Its long-term annual earnings growth is 12% based on
analysts average estimate. Spartech Corporation (NYSE:SEH) is todays 10th best
focus stock. Its daily price change was 6.9% in the previous trading session.
Its upside potential is 84% based on brokerage analysts average target price of
$8 on the stock. It is rated positively by 25% of the 4 analyst(s) covering it.
Its long-term annual earnings growth is 4% based on analysts average estimate.
lot of interest from traders. One Chinese company (SPRD) is on the list.
Coldwater Creek Inc. (NASDAQ:CWTR) is todays 1st best focus stock. Its daily
price change was 24.1% in the previous trading session. Its upside potential is
59% based on brokerage analysts average target price of $2 on the stock. It is
rated positively by 0% of the 4 analyst(s) covering it. Its long-term annual
earnings growth is 3% based on analysts average estimate. Hemispherx BioPharma,
Inc (AMEX:HEB) is todays 2nd best focus stock. Its daily price change was 12.2%
in the previous trading session. Its upside potential is 331% based on brokerage
analysts average target price of $2 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. ORBCOMM Inc. (NASDAQ:ORBC) is todays 3rd
best focus stock. Its daily price change was 9.7% in the previous trading
session. Its upside potential is 60% based on brokerage analysts average target
price of $4 on the stock. It is rated positively by 100% of the 3 analyst(s)
covering it. Its long-term annual earnings growth is 20% based on analysts
average estimate. Grubb & Ellis Company (NYSE:GBE) is todays 4th best focus
stock. Its daily price change was 9.4% in the previous trading session. Its
upside potential is 159% based on brokerage analysts average target price of $2
on the stock. It is rated positively by 50% of the 2 analyst(s) covering it. Its
long-term annual earnings growth is 10% based on analysts average estimate. Rex
Energy Corporation (NASDAQ:REXX) is todays 5th best focus stock. Its daily price
change was 8.8% in the previous trading session. Its upside potential is 23%
based on brokerage analysts average target price of $17 on the stock. It is
rated positively by 73% of the 15 analyst(s) covering it. Its long-term annual
earnings growth is 55% based on analysts average estimate. Achillion
Pharmaceuticals, Inc. (NASDAQ:ACHN) is todays 6th best focus stock. Its daily
price change was 8.4% in the previous trading session. Its upside potential is
65% based on brokerage analysts average target price of $10 on the stock. It is
rated positively by 87% of the 15 analyst(s) covering it. Its long-term annual
earnings growth is 0% based on analysts average estimate. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) is todays 7th best focus stock. Its
daily price change was 8.2% in the previous trading session. Its upside
potential is 32% based on brokerage analysts average target price of $26 on the
stock. It is rated positively by 92% of the 12 analyst(s) covering it. Its
long-term annual earnings growth is 16% based on analysts average estimate. USA
Technologies, Inc. (NASDAQ:USAT) is todays 8th best focus stock. Its daily price
change was 7.7% in the previous trading session. Its upside potential is 2%
based on brokerage analysts average target price of $2 on the stock. It is rated
positively by 50% of the 2 analyst(s) covering it. Its long-term annual earnings
growth is 25% based on analysts average estimate. Standex Intl Corp. (NYSE:SXI)
is todays 9th best focus stock. Its daily price change was 7.2% in the previous
trading session. Its upside potential is 51% based on brokerage analysts average
target price of $49 on the stock. It is rated positively by 100% of the 1
analyst(s) covering it. Its long-term annual earnings growth is 12% based on
analysts average estimate. Spartech Corporation (NYSE:SEH) is todays 10th best
focus stock. Its daily price change was 6.9% in the previous trading session.
Its upside potential is 84% based on brokerage analysts average target price of
$8 on the stock. It is rated positively by 25% of the 4 analyst(s) covering it.
Its long-term annual earnings growth is 4% based on analysts average estimate.
4 Bearish Mega-Trends Feeding the 800-Pound Gorilla
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace In 2004, Daniel Simons of the University of Illinois and Christopher Chabris of Harvard University conducted an experiment that was as simple as it was fascinating. If you want to be part of the experiment, watch this video
3 Big Dividend Plays to Make in September
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tdp2664 InvestorPlace August was agonizing, to say the least. The volatility-laden indexes have scared the heck out of investors, and now everyone is asking the same question: "What am I supposed to buy now?" Well, one option is to follow Warren Buffett into banking stocks. Buffett — via Berkshire Hathaway (NYSE: BRK.A ) — just plunked down $5 billion for a stake in Bank of America (NYSE: BAC ), which immediately forced investors to start looking at the industry. I have respect for Buffett, but you shouldn't follow in his footsteps on this one. Buffett got a special preferred-stock deal on Bank of America that other investors can't get, so you'd be taking a huge risk that Buffett is not. In fact, don't buy bank stocks at all — I don't. I'm a former banking analyst; I know better. I don't have time to go through all the reasons why I don't trust banks' accounting, but I can tell you that the numbers aren't there. There's no earnings growth, buying pressure or any of the important fundamental data points you need for a solid investment. What I would recommend you do is get serious about the real trends in this market, and when you look at the options investors have right now, there's only one place for them to go this September — dividend stocks. I can almost see the eyes rolling and hear the yawns coming out, but the truth is the biggest wealth-builders this month are going to be from the big dividend-payers. Let's face it: Because of the carnage in August, there has been a flight — no, make that an all-out stampede — to quality. Investors simply can't afford to get burned again, and they are heading for safety . In a typical year, that would push them into Treasuries. But it's just not an option here at the end of 2011. With two-year Treasuries yielding a paltry 0.38%, and some big-named reliable blue chips yielding more than 5%, the money is going to flock to the biggest yields — and that means it's going into the stock market . Did you know that the entire Standard & Poor's 500 Index
Gold Price Close Today at 1,856.40 Silver Price Closed Today at $41.57
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DG365FD46564GFH654FU898 Gold Price Close Today : 1,856.40 Gold Price Close 02-Sep : 1,873.70 Change : -17.30 or -0.9% Silver Price Close Today : 41.57 Silver Price Close 02-Sep : 43.02 Change : -1.45 or -3.5% Platinum Price Close Today : 1,837.90 Platinum Price Close 02-Sep : 1,884.80 Change : -46.90 or -2.6% Palladium Price Close Today : 737.10 Palladium Price Close 02-Sep : 781.10 Change : -44.00 or -6.0% Gold Silver Ratio Today : 44.66 Gold Silver Ratio 02-Sep : 43.55 Change : 1.10 or 1.03% Dow Industrial : 11,295.81 Dow Industrial 02-Sep: 11,493.57 Change : -197.76 or -1.8% US Dollar Index : 76.23 US Dollar Index 02-Sep : 74.49 Change : 1.74 or 2.3% Important Note: Franklin Sanders is on vacation until the 19th of September. Franklin’s parting commentary can be viewed here : http://silver-and-gold-prices.goldprice.org/2011/09/gold-and-silver-prices-today-proved.html While Franklin Sanders is away we will be documenting some of the many charts , calculators , and tools available on goldprice.org and silverprice.org . There are so many of them and we are developing new features all the time, that many of our visitors probably don’t know they exist. If you have any questions on how to use any of our charts or feedback please feel free to contact us: goldprice+help@gmail.com Today we are featuring some of our most popular charts. The 3 day chart is great for looking at the short term movements in the gold and silver price. The 3 day charts include the daily high and low price in the top left and the price change in $ and the % change for the last 3 days in the top right. All of these charts we are documenting today are available on our SPOT GOLD page http://goldprice.org/spot-gold.html . You can find a link to this page in the menu of the website or by clicking on the 24 hour chart at the top of the front page. The SPOT GOLD page updates automatically every minute, so there is no need to refresh the page in your browser to get the latest gold price. 3 day Spot Gold Price Chart – Available at http://goldprice.org/spot-gold.html in 27 national currencies in ounces, grams and kilos. 3 day Spot Gold Silver Chart – Available at http://goldprice.org/spot-gold.html in 17 national currencies in ounces and kilos. 3 day Gold Silver Ratio Chart – Available at http://goldprice.org/spot-gold.html The Silver Gold Ratio Chart is also available. 60 Day Gold Price Chart – Available at http://goldprice.org/spot-gold.html in 27 national currencies in ounce, grams and kilos. Other time frames available include 30, 60 days, 6 months, 1, 2, 5, 10 15, 20, 30 years and all data which goes back to 1973. 60 Day Silver Price Chart – Available at http://goldprice.org/spot-gold.html in 17 national currencies in ounces and kilos. Other time frames available include 30, 60 days, 6 months, 1, 2, 5, 10 15, 20, 30 years and all data which goes back to 1973.
Todays gold price per ounce spot gold price per gram; Silver price per ounce silver price per gram; Dow Jones DJIA Close News
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dow2664 Even in the midst of an economic crisis, precious metal gold appears to be wavering. Is gold experiencing a common correction or is it something more. Gold price per ounce contract rates did finish the last trading session in the green, but then pushed lower once again into the red during the first half of the trading session today. Investors on Wall Street are dealing with a mixed bag of economic data, more negative than positive at this point in time. Europe is having its own troubles as the debt crisis continues to plague investors. The primary stock indices are struggling and safe haven interest in precious metal gold appears to be wavering. In an environment that appears prime to support safe haven interest in gold, trends have been inconsistent. As the last trading session in the U.S. wraps up for the week, the primary indices are in the midst of a huge stock sell off and moving lower. The Dow Jones Industrial Average was lower by over 300 points at 10,995.73 just prior to close. Precious metal gold had turned green by .11 percent at 1859.50 per troy ounce. Contract silver was lower by 2.13 percent at 41.62 per troy ounce. Spot gold per gram was just below break even by .05 at 59.57 and spot silver per ounce was red by .90 at 41.58. Camillo Zucari
Gold Futures Post 0.9% Weekly Loss
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DG365FD46564GFH654FU898 Gold futures inched higher on Friday, with the COMEX December 2011 contract settling with a gain of $2.00, or 0.1%, at $1,859.50 per ounce. However, the fractional advance was not enough to return the yellow metal into positive territory for the week.
Market is “Nervous” and “Liquidity Remains Poor”
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DG365FD46564GFH654FU898 Commenting on today’s weakness in gold , TD Securities Global Precious Metals team wrote the following in a note to clients: Gold initially saw some investor buying off $1875 level before meeting some profit taking around $1885 (prev series of tops since we broke back below $1900), heading lower into the AM fix and subsequently dropping back to $1865 as the USD gained ground across the board, EUR selling at the forefront and EM under some pressure. Then another “flash-crash” brought gold down to $1840 in seconds as futures based selling hit the screens – some 6000 lots went through in a hurry dragging the rest of the complex with it, silver is down
What to Buy, Avoid for the Rest of 2011
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tdp2664 InvestorPlace Now that we’re past the Labor Day weekend, Wall Street has returned to work in force and is setting its sights on the last four months of the year. This year, there are an unusual number of factors to consider — the most important being the health of the U.S. economy, as well as the debt problems in Europe and here in the U.S. My own belief is that the U.S. economy will avoid a second recession and continue to grow, albeit it at a slower rate than all of us would like. Here in September, one of the keys will be how many companies pre-announce earnings disappointments and lower expectations. I'm sure we'll also see Wall Street analysts downgrade estimates. However, this does not necessarily mean lower stock prices will follow. After this summer's volatile sell-off, lower earnings expectations already are priced into stocks across the board — from the big caps to the small fries — and I expect the stock market to finish the year in positive territory. What to Buy With that in mind, here are a couple of my favorite ways to play the last four months of 2011: Beaten-down names: I would not be afraid of buying good stocks that have sold off sharply but still have strong potential just because they might miss earnings estimates by 5% to 10%. Among the names I like are engine maker Cummins (NYSE: CMI ) and financial powerhouse Goldman Sachs (NYSE: GS ). Rotation out of gold and bonds: Whether the bond and gold bubbles burst outright or some of the air merely comes out, money sold from these assets will need to find a home once the frenzy dies down and they seem less valuable than when it looked as if the financial system was imploding. This home will be in quality companies with current strong dividend yields and ones that will grow over time. Anemic interest rates just don't match the yield on some of the blue chips, which could act like a bond surrogate for investors. I expect investors to flock to names such as Verizon (NYSE: VZ ) and Bristol-Myers Squibb (NYSE: BMY ) in the U.S., as well as international big-cap names with outsized dividend yields such as Telefonica (NYSE: TEF ) and BP (NYSE: BP ). What to Avoid In what promises to be an active finish to 2011, there also are high-risk areas I would stay away from right now. Keep this in mind both when buying or selling individual stocks, as well as in examining your exchange-traded funds and mutual funds, as too often investors don't realize how much exposure they have to certain companies and sectors. One big area of concern is defense spending, which might see fairly big cuts. Among the companies most impacted could be those that make fighter aircraft and tanks — the big, heavy fighting machines we've used in Iraq and Afghanistan for close to 10 years now. No matter how stellar and well-respected these defense contractors are, look for a decline in revenue for companies such as Lockheed Martin (NYSE: LMT ), Northrop Grumman (NYSE: NOC ) and General Dynamics (NYSE: GD ). Here's a looming international concern that is easily overlooked in all of the attention given to Europe's debt problems and the health of European banks: China. In June, many local governments in China had to be bailed out by the central government in amounts that were five times the funds paid out in the U.S. TARP program (on a GDP-adjusted basis). This was due mainly to unsuccessful economic projects. Greater caution and tighter credit following these souring investments could lead to a greater-than-anticipated slowdown in the Chinese economy, potentially hurting some U.S. companies with significant exposure to China, as well as commodity prices for such items as steel and copper. I'm still bullish on China over the long term, but the next few months could be bumpy, so beware companies like U.S. Steel (NYSE: X ) and Freeport-McMoRan Copper & Gold (NYSE: FCX ). There are a lot of crosscurrents buffeting stocks these days, so as we finish out 2011, it's important that investors be selective. Kramer owns shares of Goldman Sachs.
S&P 500 Limping Into the Weekend
September was continuing its historic role as the worst month for stock markets
with the Standard & Poors 500 Index down more than 14 points, a loss of over
1.2%, to under 1,172. There is gloomy news abounding from both the U.S. and
Europe concerning jobs, debt and consumer confidence. An op-ed from Treasury
Secretary Timothy Geithner in todays Financial Times did little to restore hope
among investors. Declining stocks outnumbered those gaining by better than
3-to-1. Bearish sentiment is at 55% this morning. More than 160 stocks have hit
new lows today, with only 31 reaching a new high. Down more than 12%, a loss of
more than $4 a share to take the stock under $29.75, was Internet domain name
provider VeriSign (NASDAQ: VRSN ). The resignation of its CEO cooled hopes for a
takeover VeriSign rose more than 15% this month on hopes it would be acquired.
VeriSign is up more than 12% year to date. Kroger Co. (NYSE: KR ) was off more
than 7%, about $1.70, to fall under $21.70. Earnings released this morning
disappointed Wall Street. Supermarket chains are facing intense competition from
big-box retailers such as Wal-Mart and Costco. Kroger is down about 1% for the
week, quarter and year. Another supermarket chain down more than 5% was Safeway
(NYSE: SWY ), trading around $17.70 per share after falling about a dollar.
Economic woes, dwindling consumer confidence and bargain hunting are hurting
supermarket chains. Safeway is down about 15% for the quarter and the past six
months. Up more than 7% was Micron Technology (NASDAQ: MU ) to over $6.70,
picking up more than 40 cents. CNBC featured a segment Friday morning titled
"Why Bulls are Charging into Micron." Micron Technology is up almost 6% for
the week. Another chip maker rising was SanDisk (NASDAQ: SNDK ), up by more than
$1.70 per share, or about 4.5%, to around $40.25. Avian upgraded SanDisk to
positive on Thursday. For the week, SanDisk is up more than 5%. Taking off in
early-morning action was Southwest Airlines (NYSE: LUV ), trading above $8.20 a
share, a gain of about 10 cents, or 1.2%. As with all airlines, Southwest
Airlines faces high fuel costs and a weak economy. The stock is down about 6%
for the week, 26% for the quarter and 29% for the year. Jonathan Yates does not
own any of the stocks mentioned in this article.
with the Standard & Poors 500 Index down more than 14 points, a loss of over
1.2%, to under 1,172. There is gloomy news abounding from both the U.S. and
Europe concerning jobs, debt and consumer confidence. An op-ed from Treasury
Secretary Timothy Geithner in todays Financial Times did little to restore hope
among investors. Declining stocks outnumbered those gaining by better than
3-to-1. Bearish sentiment is at 55% this morning. More than 160 stocks have hit
new lows today, with only 31 reaching a new high. Down more than 12%, a loss of
more than $4 a share to take the stock under $29.75, was Internet domain name
provider VeriSign (NASDAQ: VRSN ). The resignation of its CEO cooled hopes for a
takeover VeriSign rose more than 15% this month on hopes it would be acquired.
VeriSign is up more than 12% year to date. Kroger Co. (NYSE: KR ) was off more
than 7%, about $1.70, to fall under $21.70. Earnings released this morning
disappointed Wall Street. Supermarket chains are facing intense competition from
big-box retailers such as Wal-Mart and Costco. Kroger is down about 1% for the
week, quarter and year. Another supermarket chain down more than 5% was Safeway
(NYSE: SWY ), trading around $17.70 per share after falling about a dollar.
Economic woes, dwindling consumer confidence and bargain hunting are hurting
supermarket chains. Safeway is down about 15% for the quarter and the past six
months. Up more than 7% was Micron Technology (NASDAQ: MU ) to over $6.70,
picking up more than 40 cents. CNBC featured a segment Friday morning titled
"Why Bulls are Charging into Micron." Micron Technology is up almost 6% for
the week. Another chip maker rising was SanDisk (NASDAQ: SNDK ), up by more than
$1.70 per share, or about 4.5%, to around $40.25. Avian upgraded SanDisk to
positive on Thursday. For the week, SanDisk is up more than 5%. Taking off in
early-morning action was Southwest Airlines (NYSE: LUV ), trading above $8.20 a
share, a gain of about 10 cents, or 1.2%. As with all airlines, Southwest
Airlines faces high fuel costs and a weak economy. The stock is down about 6%
for the week, 26% for the quarter and 29% for the year. Jonathan Yates does not
own any of the stocks mentioned in this article.
No Response On Certificates From Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) has not yet responded to the recent DigiNotar
certificates hack. No Response On Certificates From Apple Inc. (NASDAQ:AAPL) The
Certificate Authority DigiNotar has announced that hundreds of digital
certificates issued by the company have been compromised, and many tech giants
who made use of those security certificates have already replied to the issue
and have taken action. The Mac Maker, however, has not yet responded. While
several giants, including Google, Microsoft and Mozilla responded quickly with
prompt actions, the silence from Apple Inc. (NASDAQ:AAPL) has made caused a
little consternation among users. Apple Inc. (NASDAQ:AAPL) stocks are currently
standing at 384.14. Price History Last Price: 384.14 52 Week Low / High: 261.4 /
404.5 50 Day Moving Average: 373.66 6 Month Price Change %: 10.8% 12 Month Price
Change %: 46.1%
certificates hack. No Response On Certificates From Apple Inc. (NASDAQ:AAPL) The
Certificate Authority DigiNotar has announced that hundreds of digital
certificates issued by the company have been compromised, and many tech giants
who made use of those security certificates have already replied to the issue
and have taken action. The Mac Maker, however, has not yet responded. While
several giants, including Google, Microsoft and Mozilla responded quickly with
prompt actions, the silence from Apple Inc. (NASDAQ:AAPL) has made caused a
little consternation among users. Apple Inc. (NASDAQ:AAPL) stocks are currently
standing at 384.14. Price History Last Price: 384.14 52 Week Low / High: 261.4 /
404.5 50 Day Moving Average: 373.66 6 Month Price Change %: 10.8% 12 Month Price
Change %: 46.1%
Nokia Earns at Least One Win Against Apple
Times have been better for Nokia (NYSE: NOK ). Shares in the Finnish mobile
phone manufacturer, while up from lows around $4 in August, currently are
trading around $6 the last time the stock traded around $6 for an extended
period was 1998, before the mobile phone market was more than a fast-growing
business service niche. Still, more Nokia phones are in consumer hands around
the world than any other brand, but Apple (NASDAQ: AAPL ) left the company in
the dust in terms of earnings from mobile phones back in January. Even with its
anticipated partnership with Microsoft (NASDAQ: MSFT ) likely bearing fruit in
the form of new high-end smartphones targeting the U.S. mobile market in the
next six months, its questionable whether the company can escape the gravity
from the black hole that is the dying feature phone market. But, where theres a
hope, theres a way and theres at least one glimmer of promise in Nokias current
mobile business. The Ovi Store the equivalent of Apples App Store running on
Symbian operating system Nokia phones actually is a thriving environment for
app developers. This is according to a new study conducted by German firm
research2guidance (reprinted at BGR ) that found that during the second quarter
of this year, the average app in Nokias Ovi Store saw 160% more downloads per
day than the average app in Apples App Store. Put another way: A business that
sells its app in the Ovi Store will see its wares downloaded more times, more
often than they will through Apples outlet. Now its important to note some
disparities in scale. For starters, there are just more than 50,000 apps
available in the Ovi Store at this point in time compared to the 500,000-plus
available through Apples store. The Ovi Store also earns significantly less than
the App Store. Across 2010, the Ovi Store generated $105 million in revenue,
according to IHS. Apples iTunes operating segment, which includes the App Store,
generated $1.4 billion in the second quarter of 2011 alone. Even if developers
are seeing their wares distributed to more people through the Ovi Store, theyre
certainly not making as much money. Still, this statistic might prove vital for
Nokia during the next 12 months. As of the second quarter of 2011, Apple became
the No. 1 smartphone manufacturer in the world in terms of the number of phones
shipped to retailers, with 19% of the market; Nokia controls just less than 16%
of the market, beating out Research In Motion (NASDAQ: RIMM ) and others.
Research2guidances data shows that even with a smaller chunk of the market and a
smaller wealth of apps, Nokias remaining audience is hungry for digital content,
and that audience hopefully will remain with the company when it introduces its
line of Windows phones to the market. Nokia plans to retire the Ovi brand once
its Windows phones hit the market, its app store changing its name to just
Nokia. Both Microsoft and Nokia need a broad stable of app developers from
around the world, in every market, to capture consumer mind share and make any
kind of headway against Apple or Google (NASDAQ: GOOG ) Android phones. That
Nokia can prove its audience is made up of active downloaders is a good start.
Its a hope, if nothing else. As of this writing, Anthony John Agnello did not
own a position in any of the stocks named here. Follow him on Twitter at
phone manufacturer, while up from lows around $4 in August, currently are
trading around $6 the last time the stock traded around $6 for an extended
period was 1998, before the mobile phone market was more than a fast-growing
business service niche. Still, more Nokia phones are in consumer hands around
the world than any other brand, but Apple (NASDAQ: AAPL ) left the company in
the dust in terms of earnings from mobile phones back in January. Even with its
anticipated partnership with Microsoft (NASDAQ: MSFT ) likely bearing fruit in
the form of new high-end smartphones targeting the U.S. mobile market in the
next six months, its questionable whether the company can escape the gravity
from the black hole that is the dying feature phone market. But, where theres a
hope, theres a way and theres at least one glimmer of promise in Nokias current
mobile business. The Ovi Store the equivalent of Apples App Store running on
Symbian operating system Nokia phones actually is a thriving environment for
app developers. This is according to a new study conducted by German firm
research2guidance (reprinted at BGR ) that found that during the second quarter
of this year, the average app in Nokias Ovi Store saw 160% more downloads per
day than the average app in Apples App Store. Put another way: A business that
sells its app in the Ovi Store will see its wares downloaded more times, more
often than they will through Apples outlet. Now its important to note some
disparities in scale. For starters, there are just more than 50,000 apps
available in the Ovi Store at this point in time compared to the 500,000-plus
available through Apples store. The Ovi Store also earns significantly less than
the App Store. Across 2010, the Ovi Store generated $105 million in revenue,
according to IHS. Apples iTunes operating segment, which includes the App Store,
generated $1.4 billion in the second quarter of 2011 alone. Even if developers
are seeing their wares distributed to more people through the Ovi Store, theyre
certainly not making as much money. Still, this statistic might prove vital for
Nokia during the next 12 months. As of the second quarter of 2011, Apple became
the No. 1 smartphone manufacturer in the world in terms of the number of phones
shipped to retailers, with 19% of the market; Nokia controls just less than 16%
of the market, beating out Research In Motion (NASDAQ: RIMM ) and others.
Research2guidances data shows that even with a smaller chunk of the market and a
smaller wealth of apps, Nokias remaining audience is hungry for digital content,
and that audience hopefully will remain with the company when it introduces its
line of Windows phones to the market. Nokia plans to retire the Ovi brand once
its Windows phones hit the market, its app store changing its name to just
Nokia. Both Microsoft and Nokia need a broad stable of app developers from
around the world, in every market, to capture consumer mind share and make any
kind of headway against Apple or Google (NASDAQ: GOOG ) Android phones. That
Nokia can prove its audience is made up of active downloaders is a good start.
Its a hope, if nothing else. As of this writing, Anthony John Agnello did not
own a position in any of the stocks named here. Follow him on Twitter at
Google Inc. (NASDAQ:GOOG) Investing In App Maker
Google Inc. (NASDAQ:GOOG) Ventures has invested in Echoecho's funding round.
Google Inc. (NASDAQ:GOOG) Investing In App Maker The search major has helped
Echoecho to raise an initial funding of $750,000, along with PROFunders Capital.
Echoecho, the Los Angeles based app maker, has been developing apps for Research
In Motion's BlackBerry, Apple's iPhone and Google Inc. (NASDAQ:GOOG)'s
Android devices that help users share their location data with their friends.
Echoechos co-founder and chief executive, Nick Bicanic, said that, Weve all been
in a situation when were near our friends but cant actually find them. We wanted
to create an app for that and we wanted one that people would actually use that
doesnt destroy the battery life of your phone, broadcast your location to
everyone in the world or force you to join yet another social network. Google
Inc. (NASDAQ:GOOG) shares were at 534.96 at the end of the last days trading.
Theres been a 3.5% change in the stock price over the past 3 months. Google Inc.
(NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zacks
Rank: 4 out of 31 in the industry
Google Inc. (NASDAQ:GOOG) Investing In App Maker The search major has helped
Echoecho to raise an initial funding of $750,000, along with PROFunders Capital.
Echoecho, the Los Angeles based app maker, has been developing apps for Research
In Motion's BlackBerry, Apple's iPhone and Google Inc. (NASDAQ:GOOG)'s
Android devices that help users share their location data with their friends.
Echoechos co-founder and chief executive, Nick Bicanic, said that, Weve all been
in a situation when were near our friends but cant actually find them. We wanted
to create an app for that and we wanted one that people would actually use that
doesnt destroy the battery life of your phone, broadcast your location to
everyone in the world or force you to join yet another social network. Google
Inc. (NASDAQ:GOOG) shares were at 534.96 at the end of the last days trading.
Theres been a 3.5% change in the stock price over the past 3 months. Google Inc.
(NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zacks
Rank: 4 out of 31 in the industry
Top 10 Fastest-Growing Micro Cap Stocks: BONA, CKSW, ASYS, CVVT, ECHO, MERU, EPOC, SMBL, SUMR, MOVE (Sep 09, 2011)
Below are the top 10 fastest-growing Micro Cap stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. Two Chinese
companies (BONA, CVVT) are on the list. Bona Film Group Ltd (ADR) (NASDAQ:BONA)
is the 1st fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 49.5%. This number is based on the average
estimate of 3 brokerage analyst(s). ClickSoftware Technologies Ltd.
(NASDAQ:CKSW) is the 2nd fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 37.7%. This number is based on
the average estimate of 3 brokerage analyst(s). Amtech Systems, Inc.
(NASDAQ:ASYS) is the 3rd fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 31.7%. This number is based on
the average estimate of 3 brokerage analyst(s). China Valves Technology, Inc.
(NASDAQ:CVVT) is the 4th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 31.7%. This number is based on
the average estimate of 3 brokerage analyst(s). Echo Global Logistics, Inc.
(NASDAQ:ECHO) is the 5th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 30.6%. This number is based on
the average estimate of 5 brokerage analyst(s). Meru Networks, Inc.
(NASDAQ:MERU) is the 6th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 28.3%. This number is based on
the average estimate of 3 brokerage analyst(s). Epocrates, Inc. (NASDAQ:EPOC) is
the 7th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 26.7%. This number is based on the average
estimate of 3 brokerage analyst(s). Smart Balance, Inc. (NASDAQ:SMBL) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 26.7%. This number is based on the average estimate of
3 brokerage analyst(s). Summer Infant, Inc. (NASDAQ:SUMR) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 26.3%. This number is based on the average estimate of
4 brokerage analyst(s). Move Inc. (NASDAQ:MOVE) is the 10th fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 25.0%. This number is based on the average estimate of 3 brokerage
analyst(s).
long-term earnings growth rate estimated by Wall Street analysts. Two Chinese
companies (BONA, CVVT) are on the list. Bona Film Group Ltd (ADR) (NASDAQ:BONA)
is the 1st fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 49.5%. This number is based on the average
estimate of 3 brokerage analyst(s). ClickSoftware Technologies Ltd.
(NASDAQ:CKSW) is the 2nd fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 37.7%. This number is based on
the average estimate of 3 brokerage analyst(s). Amtech Systems, Inc.
(NASDAQ:ASYS) is the 3rd fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 31.7%. This number is based on
the average estimate of 3 brokerage analyst(s). China Valves Technology, Inc.
(NASDAQ:CVVT) is the 4th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 31.7%. This number is based on
the average estimate of 3 brokerage analyst(s). Echo Global Logistics, Inc.
(NASDAQ:ECHO) is the 5th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 30.6%. This number is based on
the average estimate of 5 brokerage analyst(s). Meru Networks, Inc.
(NASDAQ:MERU) is the 6th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 28.3%. This number is based on
the average estimate of 3 brokerage analyst(s). Epocrates, Inc. (NASDAQ:EPOC) is
the 7th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 26.7%. This number is based on the average
estimate of 3 brokerage analyst(s). Smart Balance, Inc. (NASDAQ:SMBL) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 26.7%. This number is based on the average estimate of
3 brokerage analyst(s). Summer Infant, Inc. (NASDAQ:SUMR) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 26.3%. This number is based on the average estimate of
4 brokerage analyst(s). Move Inc. (NASDAQ:MOVE) is the 10th fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 25.0%. This number is based on the average estimate of 3 brokerage
analyst(s).
Gold Price Close Today at 1,856.40 Silver Price Closed Today at $41.57
Gold Price Close Today : 1,856.40 Gold Price Close 02-Sep : 1,873.70 Change :
-17.30 or -0.9% Silver Price Close Today : 41.57 Silver Price Close 02-Sep :
43.02 Change : -1.45 or -3.5% Platinum Price Close Today : 1,837.90 Platinum
Price Close 02-Sep : 1,884.80 Change : -46.90 or -2.6% Palladium Price Close
Today : 737.10 Palladium Price Close 02-Sep : 781.10 Change : -44.00 or -6.0%
Gold Silver Ratio Today : 44.66 Gold Silver Ratio 02-Sep : 43.55 Change : 1.10
or 1.03% Dow Industrial : 11,295.81 Dow Industrial 02-Sep: 11,493.57 Change :
-197.76 or -1.8% US Dollar Index : 76.23 US Dollar Index 02-Sep : 74.49 Change :
1.74 or 2.3% Important Note: Franklin Sanders is on vacation until the 19th of
September. Franklin's parting commentary can be viewed here :
http://silver-and-gold-prices.goldprice.org/2011/09/gold-and-silver-prices-today-proved.html
While Franklin Sanders is away we will be documenting some of the many charts ,
calculators , and tools available on goldprice.org and silverprice.org . There
are so many of them and we are developing new features all the time, that many
of our visitors probably don't know they exist. If you have any questions on how
to use any of our charts or feedback please feel free to contact us:
goldprice+help@gmail.com Today we are featuring some of our most popular charts.
The 3 day chart is great for looking at the short term movements in the gold and
silver price. The 3 day charts include the daily high and low price in the top
left and the price change in $ and the % change for the last 3 days in the top
right. All of these charts we are documenting today are available on our SPOT
GOLD page http://goldprice.org/spot-gold.html . You can find a link to this page
in the menu of the website or by clicking on the 24 hour chart at the top of the
front page. The SPOT GOLD page updates automatically every minute, so there is
no need to refresh the page in your browser to get the latest gold price. 3 day
Spot Gold Price Chart - Available at http://goldprice.org/spot-gold.html in 27
national currencies in ounces, grams and kilos. 3 day Spot Gold Silver Chart -
Available at http://goldprice.org/spot-gold.html in 17 national currencies in
ounces and kilos. 3 day Gold Silver Ratio Chart - Available at
http://goldprice.org/spot-gold.html The Silver Gold Ratio Chart is also
available. 60 Day Gold Price Chart - Available at
http://goldprice.org/spot-gold.html in 27 national currencies in ounce, grams
and kilos. Other time frames available include 30, 60 days, 6 months, 1, 2, 5,
10 15, 20, 30 years and all data which goes back to 1973. 60 Day Silver Price
Chart - Available at http://goldprice.org/spot-gold.html in 17 national
currencies in ounces and kilos. Other time frames available include 30, 60 days,
6 months, 1, 2, 5, 10 15, 20, 30 years and all data which goes back to 1973.
-17.30 or -0.9% Silver Price Close Today : 41.57 Silver Price Close 02-Sep :
43.02 Change : -1.45 or -3.5% Platinum Price Close Today : 1,837.90 Platinum
Price Close 02-Sep : 1,884.80 Change : -46.90 or -2.6% Palladium Price Close
Today : 737.10 Palladium Price Close 02-Sep : 781.10 Change : -44.00 or -6.0%
Gold Silver Ratio Today : 44.66 Gold Silver Ratio 02-Sep : 43.55 Change : 1.10
or 1.03% Dow Industrial : 11,295.81 Dow Industrial 02-Sep: 11,493.57 Change :
-197.76 or -1.8% US Dollar Index : 76.23 US Dollar Index 02-Sep : 74.49 Change :
1.74 or 2.3% Important Note: Franklin Sanders is on vacation until the 19th of
September. Franklin's parting commentary can be viewed here :
http://silver-and-gold-prices.goldprice.org/2011/09/gold-and-silver-prices-today-proved.html
While Franklin Sanders is away we will be documenting some of the many charts ,
calculators , and tools available on goldprice.org and silverprice.org . There
are so many of them and we are developing new features all the time, that many
of our visitors probably don't know they exist. If you have any questions on how
to use any of our charts or feedback please feel free to contact us:
goldprice+help@gmail.com Today we are featuring some of our most popular charts.
The 3 day chart is great for looking at the short term movements in the gold and
silver price. The 3 day charts include the daily high and low price in the top
left and the price change in $ and the % change for the last 3 days in the top
right. All of these charts we are documenting today are available on our SPOT
GOLD page http://goldprice.org/spot-gold.html . You can find a link to this page
in the menu of the website or by clicking on the 24 hour chart at the top of the
front page. The SPOT GOLD page updates automatically every minute, so there is
no need to refresh the page in your browser to get the latest gold price. 3 day
Spot Gold Price Chart - Available at http://goldprice.org/spot-gold.html in 27
national currencies in ounces, grams and kilos. 3 day Spot Gold Silver Chart -
Available at http://goldprice.org/spot-gold.html in 17 national currencies in
ounces and kilos. 3 day Gold Silver Ratio Chart - Available at
http://goldprice.org/spot-gold.html The Silver Gold Ratio Chart is also
available. 60 Day Gold Price Chart - Available at
http://goldprice.org/spot-gold.html in 27 national currencies in ounce, grams
and kilos. Other time frames available include 30, 60 days, 6 months, 1, 2, 5,
10 15, 20, 30 years and all data which goes back to 1973. 60 Day Silver Price
Chart - Available at http://goldprice.org/spot-gold.html in 17 national
currencies in ounces and kilos. Other time frames available include 30, 60 days,
6 months, 1, 2, 5, 10 15, 20, 30 years and all data which goes back to 1973.
Google Inc. (NASDAQ:GOOG) Helping Security Breach Recovery
Google Inc. (NASDAQ:GOOG) has started contacting Iranian customers to secure
their Gmail accounts. Google Inc. (NASDAQ:GOOG) Helping Security Breach Recovery
The search engine giant has started contacting Gmail users in Iran directly in
order to make their Gmail accounts, which were compromised by a rouge SSL
certificate, more secure. Google Inc. (NASDAQ:GOOG) announced an attack last
week that might have enabled the hackers to access the encrypted sharing
services of Google Inc. (NASDAQ:GOOG). Many people in the country were
reportedly affected by the attack. Google Inc. (NASDAQ:GOOG) company shares are
currently standing at 534.96. Price History Last Price: 534.96 52 Week Low /
High: 470.58 / 642.96 50 Day Moving Average: 554.23 6 Month Price Change %:
-7.8% 12 Month Price Change %: 13.7%
their Gmail accounts. Google Inc. (NASDAQ:GOOG) Helping Security Breach Recovery
The search engine giant has started contacting Gmail users in Iran directly in
order to make their Gmail accounts, which were compromised by a rouge SSL
certificate, more secure. Google Inc. (NASDAQ:GOOG) announced an attack last
week that might have enabled the hackers to access the encrypted sharing
services of Google Inc. (NASDAQ:GOOG). Many people in the country were
reportedly affected by the attack. Google Inc. (NASDAQ:GOOG) company shares are
currently standing at 534.96. Price History Last Price: 534.96 52 Week Low /
High: 470.58 / 642.96 50 Day Moving Average: 554.23 6 Month Price Change %:
-7.8% 12 Month Price Change %: 13.7%
Microsoft Corporation (NASDAQ:MSFT) Planning Patch Round
Microsoft Corporation (NASDAQ:MSFT) has reportedly planned 15 patches for
Windows and Office. Microsoft Corporation (NASDAQ:MSFT) Planning Patch Round
Microsoft Corporation (NASDAQ:MSFT) said in an official statement that it would
release 5 security updates to fix 15 security issues in Windows and Office next
week. Although the software giant has not announced any 'critical' updates,
all patches were rated as 'important', the second highest priority. Andrew
Storms, director of security operations at nCircle Security, said while
commenting on the announcement that, Not a lot there, but then we didnt expect
much. It is the light month, the down month. Microsoft Corp. (NASDAQ:MSFT)
company shares are currently standing at 26.22. Price History Last Price: 26.22
52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.1 6 Month Price
Change %: 3.2% 12 Month Price Change %: 9.6%
Windows and Office. Microsoft Corporation (NASDAQ:MSFT) Planning Patch Round
Microsoft Corporation (NASDAQ:MSFT) said in an official statement that it would
release 5 security updates to fix 15 security issues in Windows and Office next
week. Although the software giant has not announced any 'critical' updates,
all patches were rated as 'important', the second highest priority. Andrew
Storms, director of security operations at nCircle Security, said while
commenting on the announcement that, Not a lot there, but then we didnt expect
much. It is the light month, the down month. Microsoft Corp. (NASDAQ:MSFT)
company shares are currently standing at 26.22. Price History Last Price: 26.22
52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.1 6 Month Price
Change %: 3.2% 12 Month Price Change %: 9.6%
Top 10 Fastest-Growing Small Cap Stocks: MMYT, DANG, RLOC, CTCT, ZOLL, CSOD, XUE, TLEO, QCOR, QLIK (Sep 09, 2011)
Below are the top 10 fastest-growing Small Cap stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. Two Chinese
companies (DANG, XUE) are on the list. MakeMyTrip Limited (NASDAQ:MMYT) is the
1st fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 82.7%. This number is based on the average estimate
of 4 brokerage analyst(s). E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is
the 2nd fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 58.8%. This number is based on the average
estimate of 4 brokerage analyst(s). ReachLocal Inc. (NASDAQ:RLOC) is the 3rd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 46.7%. This number is based on the average estimate of
3 brokerage analyst(s). Constant Contact, Inc. (NASDAQ:CTCT) is the 4th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 45.0%. This number is based on the average estimate of
4 brokerage analyst(s). ZOLL Medical Corporation (NASDAQ:ZOLL) is the 5th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 43.6%. This number is based on the average estimate of
5 brokerage analyst(s). Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is the 6th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 43.3%. This number is based on the average estimate of
3 brokerage analyst(s). Xueda Education Group (ADR) (NYSE:XUE) is the 7th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 41.4%. This number is based on the average estimate of
3 brokerage analyst(s). Taleo Corporation (NASDAQ:TLEO) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 40.5%. This number is based on the average estimate of
6 brokerage analyst(s). Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 39.7%. This number is based on the average estimate of
3 brokerage analyst(s). Qlik Technologies Inc (NASDAQ:QLIK) is the 10th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 38.3%. This number is based on the average estimate of
3 brokerage analyst(s).
long-term earnings growth rate estimated by Wall Street analysts. Two Chinese
companies (DANG, XUE) are on the list. MakeMyTrip Limited (NASDAQ:MMYT) is the
1st fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 82.7%. This number is based on the average estimate
of 4 brokerage analyst(s). E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is
the 2nd fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 58.8%. This number is based on the average
estimate of 4 brokerage analyst(s). ReachLocal Inc. (NASDAQ:RLOC) is the 3rd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 46.7%. This number is based on the average estimate of
3 brokerage analyst(s). Constant Contact, Inc. (NASDAQ:CTCT) is the 4th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 45.0%. This number is based on the average estimate of
4 brokerage analyst(s). ZOLL Medical Corporation (NASDAQ:ZOLL) is the 5th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 43.6%. This number is based on the average estimate of
5 brokerage analyst(s). Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is the 6th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 43.3%. This number is based on the average estimate of
3 brokerage analyst(s). Xueda Education Group (ADR) (NYSE:XUE) is the 7th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 41.4%. This number is based on the average estimate of
3 brokerage analyst(s). Taleo Corporation (NASDAQ:TLEO) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 40.5%. This number is based on the average estimate of
6 brokerage analyst(s). Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 39.7%. This number is based on the average estimate of
3 brokerage analyst(s). Qlik Technologies Inc (NASDAQ:QLIK) is the 10th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 38.3%. This number is based on the average estimate of
3 brokerage analyst(s).
Amazon Stands Down On California Tax Fight
Amazon.com (NASDAQ: AMZN ) CEO Jeff Bezos won a victory in his battle against
California's Internet sales tax law, though he may still lose the war.
According to media reports, the largest Internet retailer got a one-year
reprieve from having to collect sales tax from California customers. This will
give the company the additional time to lobby Congress for a federal solution to
the problem of collecting sales taxes on Web sales. At the same time, however,
Amazon will need to spend millions updating its computer systems to make sure
that the tax is eventually collected and accounted for properly. The California
tax will shave about 5% from Amazon's sales next year, according to one
analyst. Bricks-and-mortar retailers have complained bitterly for years that
Amazon and other web-only companies, including eBay (NASDAQ: EBAY ), enjoy an
unfair advantage because they don't collect sales tax from most of their
customers. Amazon's rivals now have a powerful ally in state and local
officials, who in recent years have been forced to lay off teachers, police
officers and firefighters as state tax revenue aid from the federal government
dried up. Shares of Amazon were down nearly 3% on the news about California, as
well as the market's broad selloff. And they will go down even further if the
Seattle-based company is unable to convince Congress to address the sales tax
issue in a manner that it likes. It has until July 2012 to do it, which, given
the glacial pace how Washington works, isn't that much time. Amazon, though,
does have some friends in its corner such as the Tax Foundation, a conservative
think tank, which argues that Amazon taxes that have been enacted have been
failures. "Amazon taxes do not provide easy revenue," The Tax Foundation's
Joseph Henchman wrote in a blog post last year. "In fact, the nations first
few Amazon taxes have not produced any revenue at all, and there is some
evidence of lost revenue." Some of those poor results may be the result of
Amazon's decisions to end relationships with affiliates in some states that
require the collection of sales tax from all Internet purchases. Amazon counters
that these laws contradict rulings from the U.S. Supreme Court that hold that
only companies with a "physical presence" in a state can be forced to
collect sales tax. Legislation in Congress is pending to close that loophole.
About $10 billion in tax revenue may be at stake. By reversing course in
California, Amazon has acknowledged the inevitable fact that it will have to
collect sales tax at some point in all 50 states and in many localities as
well. It tried to bamboozle California officials into abandoning the idea in
exchange for opening two distribution centers that would employ thousands. The
state – which expects to net $200 million annually from the Internet sales
tax– wisely told Amazon "no." Amazon now has to figure out whether it will
reinstate the affiliates whose relationship with the company ended after their
states passed Internet sales tax laws. It also must decide whether to continue
its fight against New York's law. Many people don't realize that the
Internet has never been a tax-free zone. Customers of Amazon and other ecommerce
sites are supposed to pay use tax to their own states, though few bother doing
it. Even Amazon collects the tax in a handful of states where it does have a
"physical presence." Jonathan Berr has no shares in any of the
aforementioned stocks. Follow him on Twitter @jdberr.
California's Internet sales tax law, though he may still lose the war.
According to media reports, the largest Internet retailer got a one-year
reprieve from having to collect sales tax from California customers. This will
give the company the additional time to lobby Congress for a federal solution to
the problem of collecting sales taxes on Web sales. At the same time, however,
Amazon will need to spend millions updating its computer systems to make sure
that the tax is eventually collected and accounted for properly. The California
tax will shave about 5% from Amazon's sales next year, according to one
analyst. Bricks-and-mortar retailers have complained bitterly for years that
Amazon and other web-only companies, including eBay (NASDAQ: EBAY ), enjoy an
unfair advantage because they don't collect sales tax from most of their
customers. Amazon's rivals now have a powerful ally in state and local
officials, who in recent years have been forced to lay off teachers, police
officers and firefighters as state tax revenue aid from the federal government
dried up. Shares of Amazon were down nearly 3% on the news about California, as
well as the market's broad selloff. And they will go down even further if the
Seattle-based company is unable to convince Congress to address the sales tax
issue in a manner that it likes. It has until July 2012 to do it, which, given
the glacial pace how Washington works, isn't that much time. Amazon, though,
does have some friends in its corner such as the Tax Foundation, a conservative
think tank, which argues that Amazon taxes that have been enacted have been
failures. "Amazon taxes do not provide easy revenue," The Tax Foundation's
Joseph Henchman wrote in a blog post last year. "In fact, the nations first
few Amazon taxes have not produced any revenue at all, and there is some
evidence of lost revenue." Some of those poor results may be the result of
Amazon's decisions to end relationships with affiliates in some states that
require the collection of sales tax from all Internet purchases. Amazon counters
that these laws contradict rulings from the U.S. Supreme Court that hold that
only companies with a "physical presence" in a state can be forced to
collect sales tax. Legislation in Congress is pending to close that loophole.
About $10 billion in tax revenue may be at stake. By reversing course in
California, Amazon has acknowledged the inevitable fact that it will have to
collect sales tax at some point in all 50 states and in many localities as
well. It tried to bamboozle California officials into abandoning the idea in
exchange for opening two distribution centers that would employ thousands. The
state – which expects to net $200 million annually from the Internet sales
tax– wisely told Amazon "no." Amazon now has to figure out whether it will
reinstate the affiliates whose relationship with the company ended after their
states passed Internet sales tax laws. It also must decide whether to continue
its fight against New York's law. Many people don't realize that the
Internet has never been a tax-free zone. Customers of Amazon and other ecommerce
sites are supposed to pay use tax to their own states, though few bother doing
it. Even Amazon collects the tax in a handful of states where it does have a
"physical presence." Jonathan Berr has no shares in any of the
aforementioned stocks. Follow him on Twitter @jdberr.
Gold Futures Post 0.9% Weekly Loss
Gold futures inched higher on Friday, with the COMEX December 2011 contract
settling with a gain of $2.00, or 0.1%, at $1,859.50 per ounce. However, the
fractional advance was not enough to return the yellow metal into positive
territory for the week.
settling with a gain of $2.00, or 0.1%, at $1,859.50 per ounce. However, the
fractional advance was not enough to return the yellow metal into positive
territory for the week.
Todays gold price per ounce spot gold price per gram; Silver price per ounce silver price per gram; Dow Jones DJIA Close News
Even in the midst of an economic crisis, precious metal gold appears to be
wavering. Is gold experiencing a common correction or is it something more. Gold
price per ounce contract rates did finish the last trading session in the green,
but then pushed lower once again into the red during the first half of the
trading session today. Investors on Wall Street are dealing with a mixed bag of
economic data, more negative than positive at this point in time. Europe is
having its own troubles as the debt crisis continues to plague investors. The
primary stock indices are struggling and safe haven interest in precious metal
gold appears to be wavering. In an environment that appears prime to support
safe haven interest in gold, trends have been inconsistent. As the last trading
session in the U.S. wraps up for the week, the primary indices are in the midst
of a huge stock sell off and moving lower. The Dow Jones Industrial Average was
lower by over 300 points at 10,995.73 just prior to close. Precious metal gold
had turned green by .11 percent at 1859.50 per troy ounce. Contract silver was
lower by 2.13 percent at 41.62 per troy ounce. Spot gold per gram was just below
break even by .05 at 59.57 and spot silver per ounce was red by .90 at 41.58.
Camillo Zucari
wavering. Is gold experiencing a common correction or is it something more. Gold
price per ounce contract rates did finish the last trading session in the green,
but then pushed lower once again into the red during the first half of the
trading session today. Investors on Wall Street are dealing with a mixed bag of
economic data, more negative than positive at this point in time. Europe is
having its own troubles as the debt crisis continues to plague investors. The
primary stock indices are struggling and safe haven interest in precious metal
gold appears to be wavering. In an environment that appears prime to support
safe haven interest in gold, trends have been inconsistent. As the last trading
session in the U.S. wraps up for the week, the primary indices are in the midst
of a huge stock sell off and moving lower. The Dow Jones Industrial Average was
lower by over 300 points at 10,995.73 just prior to close. Precious metal gold
had turned green by .11 percent at 1859.50 per troy ounce. Contract silver was
lower by 2.13 percent at 41.62 per troy ounce. Spot gold per gram was just below
break even by .05 at 59.57 and spot silver per ounce was red by .90 at 41.58.
Camillo Zucari
Top 10 Fastest-Growing Mid Cap Stocks: LNKD, TXT, UTHR, CPN, CXO, YOKU, BEXP, COG, ATHN, N (Sep 09, 2011)
Below are the top 10 fastest-growing Mid Cap stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (YOKU) is on the list. Linkedin Corporation (NYSE:LNKD) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 87.8%. This number is based on the average estimate of
4 brokerage analyst(s). Textron Inc. (NYSE:TXT) is the 2nd fastest-growing stock
in this segment of the market. Its long-term annual EPS growth is expected to be
58.1%. This number is based on the average estimate of 4 brokerage analyst(s).
United Therapeutics Corporation (NASDAQ:UTHR) is the 3rd fastest-growing stock
in this segment of the market. Its long-term annual EPS growth is expected to be
56.4%. This number is based on the average estimate of 8 brokerage analyst(s).
Calpine Corporation (NYSE:CPN) is the 4th fastest-growing stock in this segment
of the market. Its long-term annual EPS growth is expected to be 53.8%. This
number is based on the average estimate of 3 brokerage analyst(s). Concho
Resources Inc. (NYSE:CXO) is the 5th fastest-growing stock in this segment of
the market. Its long-term annual EPS growth is expected to be 47.8%. This number
is based on the average estimate of 5 brokerage analyst(s). Youku.com Inc (ADR)
(NYSE:YOKU) is the 6th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 45.0%. This number is based on the
average estimate of 3 brokerage analyst(s). Brigham Exploration Company
(NASDAQ:BEXP) is the 7th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 41.0%. This number is based on
the average estimate of 4 brokerage analyst(s). Cabot Oil & Gas Corporation
(NYSE:COG) is the 8th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 40.3%. This number is based on the
average estimate of 3 brokerage analyst(s). athenahealth, Inc (NASDAQ:ATHN) is
the 9th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 35.4%. This number is based on the average
estimate of 8 brokerage analyst(s). NetSuite Inc. (NYSE:N) is the 10th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 34.7%. This number is based on the average estimate of
7 brokerage analyst(s).
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (YOKU) is on the list. Linkedin Corporation (NYSE:LNKD) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 87.8%. This number is based on the average estimate of
4 brokerage analyst(s). Textron Inc. (NYSE:TXT) is the 2nd fastest-growing stock
in this segment of the market. Its long-term annual EPS growth is expected to be
58.1%. This number is based on the average estimate of 4 brokerage analyst(s).
United Therapeutics Corporation (NASDAQ:UTHR) is the 3rd fastest-growing stock
in this segment of the market. Its long-term annual EPS growth is expected to be
56.4%. This number is based on the average estimate of 8 brokerage analyst(s).
Calpine Corporation (NYSE:CPN) is the 4th fastest-growing stock in this segment
of the market. Its long-term annual EPS growth is expected to be 53.8%. This
number is based on the average estimate of 3 brokerage analyst(s). Concho
Resources Inc. (NYSE:CXO) is the 5th fastest-growing stock in this segment of
the market. Its long-term annual EPS growth is expected to be 47.8%. This number
is based on the average estimate of 5 brokerage analyst(s). Youku.com Inc (ADR)
(NYSE:YOKU) is the 6th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 45.0%. This number is based on the
average estimate of 3 brokerage analyst(s). Brigham Exploration Company
(NASDAQ:BEXP) is the 7th fastest-growing stock in this segment of the market.
Its long-term annual EPS growth is expected to be 41.0%. This number is based on
the average estimate of 4 brokerage analyst(s). Cabot Oil & Gas Corporation
(NYSE:COG) is the 8th fastest-growing stock in this segment of the market. Its
long-term annual EPS growth is expected to be 40.3%. This number is based on the
average estimate of 3 brokerage analyst(s). athenahealth, Inc (NASDAQ:ATHN) is
the 9th fastest-growing stock in this segment of the market. Its long-term
annual EPS growth is expected to be 35.4%. This number is based on the average
estimate of 8 brokerage analyst(s). NetSuite Inc. (NYSE:N) is the 10th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 34.7%. This number is based on the average estimate of
7 brokerage analyst(s).
Google Inc. (NASDAQ:GOOG) Buys Zagat
Analysts have reported that Google Inc. (NASDAQ:GOOG)'s Zagat acquisition
will support future growth. Google Inc. (NASDAQ:GOOG) Buys Zagat The search
major's plan to acquire Zagat, the publisher of restaurant guides and ratings,
was a surprise to many tech analysts, but they now say that it ensures future
growth in many ways. According to reports, the recent acquisition will help
Google Inc. (NASDAQ:GOOG) have a firm footing in local markets and will help it
boost its local ad campaigns. Google Inc. (NASDAQ:GOOG) company shares are
currently standing at 534.96. Price History Last Price: 534.96 52 Week Low /
High: 470.58 / 642.96 50 Day Moving Average: 554.23 6 Month Price Change %:
-7.8% 12 Month Price Change %: 13.7%
will support future growth. Google Inc. (NASDAQ:GOOG) Buys Zagat The search
major's plan to acquire Zagat, the publisher of restaurant guides and ratings,
was a surprise to many tech analysts, but they now say that it ensures future
growth in many ways. According to reports, the recent acquisition will help
Google Inc. (NASDAQ:GOOG) have a firm footing in local markets and will help it
boost its local ad campaigns. Google Inc. (NASDAQ:GOOG) company shares are
currently standing at 534.96. Price History Last Price: 534.96 52 Week Low /
High: 470.58 / 642.96 50 Day Moving Average: 554.23 6 Month Price Change %:
-7.8% 12 Month Price Change %: 13.7%
Friday Apple Rumors: Google Beats Apple to the Cloud on iPad
Here are your Apple news items and rumors for Friday: Rocking out the Google
Cloud on iPad: Apple s (NASDAQ: AAPL ) iCloud storage service which lets iTunes
users upload their music libraries to Apples servers so they can be downloaded
to any device at any time (for a subscription fee) will open for business later
this fall. As of today, many iPad users can start enjoying cloud-based music
storage and listening, though not through iTunes. Google s (NASDAQ: GOOG )
Google Music service, very similar to iClouds iTunes Match service, now supports
Apples tablet. Unlike iCloud, Google Music, which still is in the testing phase
and isnt fully open to the public, is free. Your move, Apple. Sprint Brings
Unlimited Data Plans to iPhone 5: As more people buy smartphones, telecoms AT&T
(NYSE: T ) and Verizon (NYSE: VZ ) have had to pull back from offering their
subscribers unlimited data access on their 3G and growing 4G networks, much to
the chagrin of iPhone users with prolific downloading habits. Sprint (NYSE: S )
will offer those users a safe haven this fall. A Friday report at Bloomberg
reiterated that not only will Sprint carry Apples latest smartphone when it
releases in October, the struggling telecom will actually offer unlimited data
plans to its users . The companys current unlimited data and voice plan costs
$99.99 per month. Big Q3 iPad Sales: A Friday report in the Taiwan Economic News
(via 9 to 5 Mac ) said iPad sales during the third quarter of 2011 might turn
out significantly higher than expected. A source within Apple manufacturing
partner Foxconn claims that while the company predicted it would ship 14 million
iPads to Apple between July and September, the number likely will turn out to be
closer to 20 million. If accurate, Apple will have sold more than double the
number of iPads it sold during the second quarter of the year when it released
the iPad 2 model. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
Cloud on iPad: Apple s (NASDAQ: AAPL ) iCloud storage service which lets iTunes
users upload their music libraries to Apples servers so they can be downloaded
to any device at any time (for a subscription fee) will open for business later
this fall. As of today, many iPad users can start enjoying cloud-based music
storage and listening, though not through iTunes. Google s (NASDAQ: GOOG )
Google Music service, very similar to iClouds iTunes Match service, now supports
Apples tablet. Unlike iCloud, Google Music, which still is in the testing phase
and isnt fully open to the public, is free. Your move, Apple. Sprint Brings
Unlimited Data Plans to iPhone 5: As more people buy smartphones, telecoms AT&T
(NYSE: T ) and Verizon (NYSE: VZ ) have had to pull back from offering their
subscribers unlimited data access on their 3G and growing 4G networks, much to
the chagrin of iPhone users with prolific downloading habits. Sprint (NYSE: S )
will offer those users a safe haven this fall. A Friday report at Bloomberg
reiterated that not only will Sprint carry Apples latest smartphone when it
releases in October, the struggling telecom will actually offer unlimited data
plans to its users . The companys current unlimited data and voice plan costs
$99.99 per month. Big Q3 iPad Sales: A Friday report in the Taiwan Economic News
(via 9 to 5 Mac ) said iPad sales during the third quarter of 2011 might turn
out significantly higher than expected. A source within Apple manufacturing
partner Foxconn claims that while the company predicted it would ship 14 million
iPads to Apple between July and September, the number likely will turn out to be
closer to 20 million. If accurate, Apple will have sold more than double the
number of iPads it sold during the second quarter of the year when it released
the iPad 2 model. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
Market is “Nervous” and “Liquidity Remains Poor”
Commenting on todays weakness in gold, TD Securities Global Precious Metals
team wrote the following in a note to clients: Gold initially saw some investor
buying off $1875 level before meeting some profit taking around $1885 (prev
series of tops since we broke back below $1900), heading lower into the AM fix
and subsequently dropping back to $1865 as the USD gained ground across the
board, EUR selling at the forefront and EM under some pressure. Then another
flash-crash brought gold down to $1840 in seconds as futures based selling hit
the screens some 6000 lots went through in a hurry dragging the rest of the
complex with it, silver is down
team wrote the following in a note to clients: Gold initially saw some investor
buying off $1875 level before meeting some profit taking around $1885 (prev
series of tops since we broke back below $1900), heading lower into the AM fix
and subsequently dropping back to $1865 as the USD gained ground across the
board, EUR selling at the forefront and EM under some pressure. Then another
flash-crash brought gold down to $1840 in seconds as futures based selling hit
the screens some 6000 lots went through in a hurry dragging the rest of the
complex with it, silver is down
The Investment World’s New Rock Star
Out of near obscurity, John Paulson became the world's most successful
investor over the past few years. Back in 2007 and 2008, he made a fortune by
shorting the subprime market. He then made another fortune by buying banks like
Bank of America (NYSE: BAC ) and Citigroup (NYSE: C ) as well as gold, such as
with SPDR Gold Shares (NYSE: GLD ). But this year, Paulson's results have been
disastrous. For his flagship fund, the loss is roughly 34% (it peaked at nearly
40%). So who is next to take Paulson's place as the world's best? Well,
according to a recent piece in Bloomberg , it looks like a good pick would be
Ray Dalio, who manages Bridgewater Associates an operation with about $122
billion in assets. At 62, Dalio certainly has the advantage of seeing his share
of market cycles. As a result, he tends to move against investment groupthink.
Of course, this is far from easy especially in today's turbulent markets.
After all, might we see a repeat of the 2008 crash? Anything can happen. And
this is why Dalio scours many types of investments to find money-making
opportunities. For example, during the recent market plunge, he invested heavily
in gold as well as various currencies and U.S. Treasuries. He also was shorting
stocks. Consider that for 2011, Dalio's Pure Alpha II fund has returned 25.3%,
and its average annual gain is an incredible 15% since 1991. This is the kind of
track record only seen by legendary investors like George Soros, Paul Tudor
Jones and James Simons. In light of all this, what can a typical investor learn
from Dalio? First of all, research is critical. Every trade goes through an
extensive due diligence process. Next, Dalio looks at the major global economic
trends. As we've seen over the years, the financial markets are highly
connected. Finally, it's a good idea to take a broad look at investments.
Often, this means not just buying stocks but also shorting them. With volatile
markets, this approach certainly can be a big help in providing for strong
long-term returns. Tom Taulli is the author of various books, including "All
About Commodities." He does not own a position in any of the stocks named
here.
investor over the past few years. Back in 2007 and 2008, he made a fortune by
shorting the subprime market. He then made another fortune by buying banks like
Bank of America (NYSE: BAC ) and Citigroup (NYSE: C ) as well as gold, such as
with SPDR Gold Shares (NYSE: GLD ). But this year, Paulson's results have been
disastrous. For his flagship fund, the loss is roughly 34% (it peaked at nearly
40%). So who is next to take Paulson's place as the world's best? Well,
according to a recent piece in Bloomberg , it looks like a good pick would be
Ray Dalio, who manages Bridgewater Associates an operation with about $122
billion in assets. At 62, Dalio certainly has the advantage of seeing his share
of market cycles. As a result, he tends to move against investment groupthink.
Of course, this is far from easy especially in today's turbulent markets.
After all, might we see a repeat of the 2008 crash? Anything can happen. And
this is why Dalio scours many types of investments to find money-making
opportunities. For example, during the recent market plunge, he invested heavily
in gold as well as various currencies and U.S. Treasuries. He also was shorting
stocks. Consider that for 2011, Dalio's Pure Alpha II fund has returned 25.3%,
and its average annual gain is an incredible 15% since 1991. This is the kind of
track record only seen by legendary investors like George Soros, Paul Tudor
Jones and James Simons. In light of all this, what can a typical investor learn
from Dalio? First of all, research is critical. Every trade goes through an
extensive due diligence process. Next, Dalio looks at the major global economic
trends. As we've seen over the years, the financial markets are highly
connected. Finally, it's a good idea to take a broad look at investments.
Often, this means not just buying stocks but also shorting them. With volatile
markets, this approach certainly can be a big help in providing for strong
long-term returns. Tom Taulli is the author of various books, including "All
About Commodities." He does not own a position in any of the stocks named
here.
Microsoft Corporation (NASDAQ:MSFT) Adds To Patent Agreements
Microsoft Corporation (NASDAQ:MSFT) has announced patent licensing agreements
with Acer and ViewSonic. Microsoft Corporation (NASDAQ:MSFT) Adds To Patent
Agreements Working with manufacturers with a wide range of tablets and smart
phones running on Google Android, the software giant has reported a pair of
patent sharing deals with Acer and ViewSonic. According to the reports,
ViewSonic will share royalties with Microsoft Corporation (NASDAQ:MSFT) as per
the deal. No information regarding the agreement with Acer is available.
Microsoft Corp. (NASDAQ:MSFT) company shares are currently standing at 26.22.
Price History Last Price: 26.22 52 Week Low / High: 23.65 / 29.46 50 Day Moving
Average: 26.1 6 Month Price Change %: 3.2% 12 Month Price Change %: 9.6%
with Acer and ViewSonic. Microsoft Corporation (NASDAQ:MSFT) Adds To Patent
Agreements Working with manufacturers with a wide range of tablets and smart
phones running on Google Android, the software giant has reported a pair of
patent sharing deals with Acer and ViewSonic. According to the reports,
ViewSonic will share royalties with Microsoft Corporation (NASDAQ:MSFT) as per
the deal. No information regarding the agreement with Acer is available.
Microsoft Corp. (NASDAQ:MSFT) company shares are currently standing at 26.22.
Price History Last Price: 26.22 52 Week Low / High: 23.65 / 29.46 50 Day Moving
Average: 26.1 6 Month Price Change %: 3.2% 12 Month Price Change %: 9.6%
Dow Drops 300, Gold Bounces on Greek Default Rumors
The broader markets extended their losses in mid-day trading on Friday, with
the Dow Jones Industrial Average (DJIA) falling as much as 314.39 points, or
2.8%, to 10,981.42. While equities tumbled, gold futures pared their losses.
the Dow Jones Industrial Average (DJIA) falling as much as 314.39 points, or
2.8%, to 10,981.42. While equities tumbled, gold futures pared their losses.
Apple Inc. (NASDAQ:AAPL) Top Of Power Rankings
Apple Inc. (NASDAQ:AAPL) Phones have topped the J.D Power satisfaction survey.
Apple Inc. (NASDAQ:AAPL) Top Of Power Rankings The latest report from J.D Power
revealed that Apple Inc. (NASDAQ:AAPL) and Samsung are the top phone
manufacturers in its ratings that considered processing speeds, battery life,
screen quality and size of the device. It was also cited that 4G phones showed
very high satisfaction rates among customers. Apple Inc. (NASDAQ:AAPL) was the
top manufacturer in the smart phone industry and Samsung led the ranking of
traditional phone makers. Apple Inc. (NASDAQ:AAPL) shares were at 384.14 at the
end of the last days trading. Theres been a 15.9% change in the stock price over
the past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.22 Zacks Rank: 1 out of 2 in the industry
Apple Inc. (NASDAQ:AAPL) Top Of Power Rankings The latest report from J.D Power
revealed that Apple Inc. (NASDAQ:AAPL) and Samsung are the top phone
manufacturers in its ratings that considered processing speeds, battery life,
screen quality and size of the device. It was also cited that 4G phones showed
very high satisfaction rates among customers. Apple Inc. (NASDAQ:AAPL) was the
top manufacturer in the smart phone industry and Samsung led the ranking of
traditional phone makers. Apple Inc. (NASDAQ:AAPL) shares were at 384.14 at the
end of the last days trading. Theres been a 15.9% change in the stock price over
the past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.22 Zacks Rank: 1 out of 2 in the industry
Gold Shares Steady, Continue to Outperform Yellow Metal
Gold shares continued their recent stretch of outperforming the yellow metal on
Friday, as the AMEX Gold Bugs Index (HUI) held near unchanged at 635.04 while
the spot price of gold fell $21.25 to $1,848.85 per ounce. Three of the top
performing gold equities this morning were AngloGold Ashanti (AU), Gold Fields
(GFI), and Royal Gold (RGLD) which climbed 0.6%, 2.2%, and 0.7%, respectively.
On the downside, Agnico-Eagle Mines (AEM), Harmony Gold (HMY), and Kinross Gold
(KGC) retreated 0.4%, 0.8%, and 0.6%, respectively. Gold equities as a group
were also outperforming the broader markets, as the Dow Jones Industrial Average
(DJIA) pared its losses but remained considerably lower by 140.54 points, or
1.2%, at 11,155.27.
Friday, as the AMEX Gold Bugs Index (HUI) held near unchanged at 635.04 while
the spot price of gold fell $21.25 to $1,848.85 per ounce. Three of the top
performing gold equities this morning were AngloGold Ashanti (AU), Gold Fields
(GFI), and Royal Gold (RGLD) which climbed 0.6%, 2.2%, and 0.7%, respectively.
On the downside, Agnico-Eagle Mines (AEM), Harmony Gold (HMY), and Kinross Gold
(KGC) retreated 0.4%, 0.8%, and 0.6%, respectively. Gold equities as a group
were also outperforming the broader markets, as the Dow Jones Industrial Average
(DJIA) pared its losses but remained considerably lower by 140.54 points, or
1.2%, at 11,155.27.
How to Invest Your Money When Stocks Are Neither Up Nor Down
Stocks still are in no-mans-land after Wednesdays monster rally and Thursdays
119-point pullback on the Dow. In the short term, the market could go either
way, up or down, because the fundamental news is decidedly mixed. On the plus
side, its encouraging that Italys senate bit the bullet and passed a significant
fiscal-reform package yesterday by a comfortable margin of 165-141. A German
court also blocked a constitutional challenge to the countrys participation in
the EU bailouts. These developments lessen, if only to a modest degree, the
chances that Europes sovereign debt woes will explode into another global
financial crisis. Back at home, Thursday mornings weekly report on initial
jobless claims, while by no means a beacon of hope, at least didnt add to
investors anxieties. New claims for unemployment insurance a sensitive and
usually reliable forward-looking economic gauge edged up by 2,000 in the week
ended Sept. 3 to a seasonally adjusted total of 414,000. I certainly would be
happier if weekly claims slipped below 400,000, as they did for a brief period
in early spring 2011. But at least we arent witnessing a spike to 450,000 or
higher, which might signal an oncoming double-dip recession. As for President
Barack Obamas jobs speech Thursday night? Ho-hum. Nothing much new, and very
little market impact likely. So how do we play it when stocks, like the grand
old Duke of Yorks soldiers, are neither up nor down? Take your time making new
commitments. Dont rush. Ive said in previous blogs that I see the S&P 500 in a
trading range, for now, between approximately 1,100 and 1,250. Near the top of
that range, you should do some tactical selling. As the market approaches the
bottom of the range, step up your buying. As noted on Wednesday , Ill buy
recovering energy titan BP (NYSE: BP ) at $36 or less. The stock hasnt dipped to
that level yet, but be patient. It will! BP provides a mix of generous current
income and bountiful appreciation potential exactly what were looking for in
this growth-challenged market (and economy). Another name you might keep an eye
on is Nestle (PINK: NSRGY ). The worlds strongest and best-managed food
processor by far, NSRGY has had everything going for it recently except the
runaway Swiss franc. As a Swiss company, Nestle reports its sales and profits in
francs. Because most of the firms business is conducted outside Switzerland,
however, those foreign results tend to shrink when translated into a rising
franc. On Sept. 6, the Swiss central bank decided to drive down the franc and
keep it at 1.2 francs to the euro or more. This step will immediately enhance
NSRGYs earnings for the balance of 2011 and probably into 2012 as well. Nestle
pays dividends once a year, typically in April. (The payout has been sweetened
15 years in a row.) Current yield: 3.7%. Officially, Ive got a buy on the stock
at $59 or less. But I think youll be able to snag NSRGY a bit cheaper if you
wait for the S&P to go back down to 1,150 or below. You cant hurry love, and you
cant hurry the market into doing what it needs to do.
119-point pullback on the Dow. In the short term, the market could go either
way, up or down, because the fundamental news is decidedly mixed. On the plus
side, its encouraging that Italys senate bit the bullet and passed a significant
fiscal-reform package yesterday by a comfortable margin of 165-141. A German
court also blocked a constitutional challenge to the countrys participation in
the EU bailouts. These developments lessen, if only to a modest degree, the
chances that Europes sovereign debt woes will explode into another global
financial crisis. Back at home, Thursday mornings weekly report on initial
jobless claims, while by no means a beacon of hope, at least didnt add to
investors anxieties. New claims for unemployment insurance a sensitive and
usually reliable forward-looking economic gauge edged up by 2,000 in the week
ended Sept. 3 to a seasonally adjusted total of 414,000. I certainly would be
happier if weekly claims slipped below 400,000, as they did for a brief period
in early spring 2011. But at least we arent witnessing a spike to 450,000 or
higher, which might signal an oncoming double-dip recession. As for President
Barack Obamas jobs speech Thursday night? Ho-hum. Nothing much new, and very
little market impact likely. So how do we play it when stocks, like the grand
old Duke of Yorks soldiers, are neither up nor down? Take your time making new
commitments. Dont rush. Ive said in previous blogs that I see the S&P 500 in a
trading range, for now, between approximately 1,100 and 1,250. Near the top of
that range, you should do some tactical selling. As the market approaches the
bottom of the range, step up your buying. As noted on Wednesday , Ill buy
recovering energy titan BP (NYSE: BP ) at $36 or less. The stock hasnt dipped to
that level yet, but be patient. It will! BP provides a mix of generous current
income and bountiful appreciation potential exactly what were looking for in
this growth-challenged market (and economy). Another name you might keep an eye
on is Nestle (PINK: NSRGY ). The worlds strongest and best-managed food
processor by far, NSRGY has had everything going for it recently except the
runaway Swiss franc. As a Swiss company, Nestle reports its sales and profits in
francs. Because most of the firms business is conducted outside Switzerland,
however, those foreign results tend to shrink when translated into a rising
franc. On Sept. 6, the Swiss central bank decided to drive down the franc and
keep it at 1.2 francs to the euro or more. This step will immediately enhance
NSRGYs earnings for the balance of 2011 and probably into 2012 as well. Nestle
pays dividends once a year, typically in April. (The payout has been sweetened
15 years in a row.) Current yield: 3.7%. Officially, Ive got a buy on the stock
at $59 or less. But I think youll be able to snag NSRGY a bit cheaper if you
wait for the S&P to go back down to 1,150 or below. You cant hurry love, and you
cant hurry the market into doing what it needs to do.
Todays gold price per ounce silver price per ounce; spot gold price per gram spot silver price per ounce; DJIA Mid-Day
After hearing that Federal Reserve Chairman Ben Bernanke had few specific words
to express how the central bank would support the U.S. economy, many investors
pulled back from stocks and indices ultimately pushed lower into the red
yesterday. In addition to the somewhat deflating words spoken by Bernanke, first
time unemployment benefits rose by 2,000 last week according to the Labor
Department. This was worse than expected and added additional negative weight to
the last trading session. The negative sentiment helped the safe haven appeal of
gold and silver contracts grow. Gold and silver contract prices finished green
last session. Stock futures were once again posting red this morning as the
negative weight from yesterday carries over for the start of todays trading
session. Prior to opening bell this morning, spot gold and spot silver prices
were moving lower. As of the halfway point in the trading session, the primary
stock indices were dropping and gold and silver contract prices were posting red
still. Spot gold price per gram and spot silver per ounce rates were moving in
divergent directions. Spot gold per gram was higher by .28 at 59.90 and spot
silver per ounce was red by .41 at 42.07. Contract gold for December delivery
was lower by .16 percent at 1854.50 per troy ounce.
to express how the central bank would support the U.S. economy, many investors
pulled back from stocks and indices ultimately pushed lower into the red
yesterday. In addition to the somewhat deflating words spoken by Bernanke, first
time unemployment benefits rose by 2,000 last week according to the Labor
Department. This was worse than expected and added additional negative weight to
the last trading session. The negative sentiment helped the safe haven appeal of
gold and silver contracts grow. Gold and silver contract prices finished green
last session. Stock futures were once again posting red this morning as the
negative weight from yesterday carries over for the start of todays trading
session. Prior to opening bell this morning, spot gold and spot silver prices
were moving lower. As of the halfway point in the trading session, the primary
stock indices were dropping and gold and silver contract prices were posting red
still. Spot gold price per gram and spot silver per ounce rates were moving in
divergent directions. Spot gold per gram was higher by .28 at 59.90 and spot
silver per ounce was red by .41 at 42.07. Contract gold for December delivery
was lower by .16 percent at 1854.50 per troy ounce.
Todays Dow Jones Industrial Average Index DJX DJIA, Nasdaq, S&P 500 Stock Market Investing News Mid Day
Stock futures continued to track red this morning prior to opening bell. The
Dow Jones, as well as the Nasdaq and S&P 500 were all posting negative. The
negative momentum carried over from yesterday. Stocks felt the pressure which
stemmed from the weaker than expected unemployment claims report, in addition to
the deflating comments made by Federal Reserve Chairman Ben Bernanke. Yesterdays
trends had been choppy, but after Bernankes comments posted, the Dow moved
consistently lower. Bernanke reiterated comments he made in his last speech and
said that the central bank was still positioned to support the economy. The
ambiguity stems from Bernankes lack of specifics regarding how and when the
central bank would help support the economy. Investors on Wall Street were
looking for something more concrete and when this wasnt given, stock indices
pushed lower. As the primary stock indices reach the halfway mark today, trends
dropped. Concerns relating to Europes financial crisis are growing and indices
are tumbling lower. At Mid-day, the Dow Jones Industrial Average was lower by
2.57 percent at 11,005.42. The Nasdaq was red by 2.14 percent at 2,474.92 and
the S&P 500 was lower by 2.44 percent at 1,156.97. Obviously, the stock market
indices in Europe plunged lower and the negative sentiment is spilling over into
the American marketplace today. Frank Matto
Dow Jones, as well as the Nasdaq and S&P 500 were all posting negative. The
negative momentum carried over from yesterday. Stocks felt the pressure which
stemmed from the weaker than expected unemployment claims report, in addition to
the deflating comments made by Federal Reserve Chairman Ben Bernanke. Yesterdays
trends had been choppy, but after Bernankes comments posted, the Dow moved
consistently lower. Bernanke reiterated comments he made in his last speech and
said that the central bank was still positioned to support the economy. The
ambiguity stems from Bernankes lack of specifics regarding how and when the
central bank would help support the economy. Investors on Wall Street were
looking for something more concrete and when this wasnt given, stock indices
pushed lower. As the primary stock indices reach the halfway mark today, trends
dropped. Concerns relating to Europes financial crisis are growing and indices
are tumbling lower. At Mid-day, the Dow Jones Industrial Average was lower by
2.57 percent at 11,005.42. The Nasdaq was red by 2.14 percent at 2,474.92 and
the S&P 500 was lower by 2.44 percent at 1,156.97. Obviously, the stock market
indices in Europe plunged lower and the negative sentiment is spilling over into
the American marketplace today. Frank Matto
No Recession in the Twittersphere
Living in Silicon Valley, I often get the sense that my reality is being
warped. It really is hard to believe all the negative headlines when many
companies are raising huge amounts of money and growing at hyper-speed. Is it a
bubble? Perhaps so. Even high-profile IPOs like Pandora (NYSE: P ) and LinkedIn
(NYSE: LNKD ) have seen drops in their stock prices. But venture capitalists
don't seem to care. Their wallets are in overdrive. And yes, this week we got
the latest mega-deal: Twitter has raised about $800 million at a cool $8 billion
valuation. The investors include Yuri Milner's DST, T. Rowe Price and super
angel Chris Sacca. In fact, the transaction means there is no rush for an IPO,
which probably is a good thing. Even companies like Zynga and Groupon are
holding off on their public offerings. But there seems to be no letup in
Twitter's growth ramp. This week, the website reached 100 million active
users. What's more, it registers a whopping 230 million tweets per day. True,
these figures pale in comparison to Facebook's 750 million active users. But
they still show that Twitter is a highly relevant destination. And they handily
beat Google's (NASDAQ: GOOG ) Google+ service, which has about 25 million
registered users. But perhaps the most attractive thing about Twitter is its
mobile use. Keep in mind that 55 million users access the service via their
smartphones or tablets. This definitely is a huge growth opportunity. The VCs in
Silicon Valley might be driving up valuations to crazy levels and could wind up
seeing hefty losses. But hey, isn't this what innovation is about? It's
about taking risks, right? With so many investors in a funk nowadays, it
definitely is refreshing to see some that still are willing to make big bets on
the future. Tom Taulli is the author of various books, including "All About
Commodities." He does not own a position in any of the stocks named here.
warped. It really is hard to believe all the negative headlines when many
companies are raising huge amounts of money and growing at hyper-speed. Is it a
bubble? Perhaps so. Even high-profile IPOs like Pandora (NYSE: P ) and LinkedIn
(NYSE: LNKD ) have seen drops in their stock prices. But venture capitalists
don't seem to care. Their wallets are in overdrive. And yes, this week we got
the latest mega-deal: Twitter has raised about $800 million at a cool $8 billion
valuation. The investors include Yuri Milner's DST, T. Rowe Price and super
angel Chris Sacca. In fact, the transaction means there is no rush for an IPO,
which probably is a good thing. Even companies like Zynga and Groupon are
holding off on their public offerings. But there seems to be no letup in
Twitter's growth ramp. This week, the website reached 100 million active
users. What's more, it registers a whopping 230 million tweets per day. True,
these figures pale in comparison to Facebook's 750 million active users. But
they still show that Twitter is a highly relevant destination. And they handily
beat Google's (NASDAQ: GOOG ) Google+ service, which has about 25 million
registered users. But perhaps the most attractive thing about Twitter is its
mobile use. Keep in mind that 55 million users access the service via their
smartphones or tablets. This definitely is a huge growth opportunity. The VCs in
Silicon Valley might be driving up valuations to crazy levels and could wind up
seeing hefty losses. But hey, isn't this what innovation is about? It's
about taking risks, right? With so many investors in a funk nowadays, it
definitely is refreshing to see some that still are willing to make big bets on
the future. Tom Taulli is the author of various books, including "All About
Commodities." He does not own a position in any of the stocks named here.
Gold Price Slides after Obama, Bernanke Speeches
GOLD PRICE NEWS – The gold price slid $26.83 to $1,843.27 per ounce Friday
morning amid widespread liquidation in precious metals.
morning amid widespread liquidation in precious metals.
Sunridge Expands Drill Program at Gupo Gold
Sunridge Gold (SGC.TSXV) announced that it has begun an additional 6,000 meters
of drilling at the Gupo Gold deposit located on the Companys 100% owned Asmara
Project in Eritrea. The emerging gold company noted that the results of this
program will be an important step towards completing the ongoing prefeasibility
study on the Asmara North Deposits – which include Gupo, Emba Derho and the
Adi Nefas deposits. Highlights: * This next phase of drilling will include
approximately 5,000 meters of reverse circulation drilling of 60 closely spaced
drill holes and approximately 1,000 meters of diamond drilling of 8 drill holes.
* Gold mineralization at Gupo extends over a strike length of approximately 1.6
kilometers * The resource is at surface and drilling has shown mineralization to
extend at least to 80 meters vertical depth and remains open at depth. Michael
Hopley, President and CEO of Sunridge Gold : We are very happy to again have
100% ownership of the exploration areas on the Asmara Project particularly given
the fact that Sunridge now has more than $20 million in cash and will therefore
be able to conduct an aggressive exploration program on the property in addition
to our ongoing feasibility and pre-feasibility studies on our four known
deposits.
of drilling at the Gupo Gold deposit located on the Companys 100% owned Asmara
Project in Eritrea. The emerging gold company noted that the results of this
program will be an important step towards completing the ongoing prefeasibility
study on the Asmara North Deposits – which include Gupo, Emba Derho and the
Adi Nefas deposits. Highlights: * This next phase of drilling will include
approximately 5,000 meters of reverse circulation drilling of 60 closely spaced
drill holes and approximately 1,000 meters of diamond drilling of 8 drill holes.
* Gold mineralization at Gupo extends over a strike length of approximately 1.6
kilometers * The resource is at surface and drilling has shown mineralization to
extend at least to 80 meters vertical depth and remains open at depth. Michael
Hopley, President and CEO of Sunridge Gold : We are very happy to again have
100% ownership of the exploration areas on the Asmara Project particularly given
the fact that Sunridge now has more than $20 million in cash and will therefore
be able to conduct an aggressive exploration program on the property in addition
to our ongoing feasibility and pre-feasibility studies on our four known
deposits.
Gaddafi Sold Over $1 Billion in Gold in Final Days
One can now add the recent gold sales by former Libyan leader Muammar Gaddafi
to the
to the
The Shorts Pile on the S&P 500
On its face, the Dow Jones 4.4% drop in August does not look particularly bad.
After all, a typical correction is 10%. Yet the month was harrowing, as the
volatility spiked. Keep in mind that the average daily move was nearly 2%. While
such swings are great for savvy traders, it can be extremely tough for
longer-term investors. In fact, even the pros had difficulties in August. For
example, hedge fund managers like Steven Cohen and David Einhorn posted losses.
However, John Paulson was the most notable loser as his flagship fund plunged
35%. He had heavy exposure to stocks like Bank of America (NYSE: BAC ) and
Citigroup (NYSE: C ). Yet there were some investors who were able to find ways
to make money, such as Carl Icahn, Kenneth Griffin and Ray Dalio. They were
savvy with safe havens like the SPDR Gold Trust (NYSE: GLD ), as well as
currency plays. But there is something else that worked: short selling. For
example, Icahn scored $100 million by shorting the S&P 500. True, short selling
can be risky. This is especially the case when going after high-fliers like
Chipotle Mexican Grill (NYSE: CMG ) and Lululemon Athletica (NASDAQ: LULU ). But
when done as a part of diversified portfolio, short selling actually can help to
reduce risk. Essentially, you are setting up a hedge. Interestingly enough, the
short interest in the S&P 500 has reached the highest levels in about nine
months coming to 3.03% of the overall market value, according to a recent
report from Bloomberg . No doubt, there are many reasons to be bearish. The
global economy is slowing down, and the U.S. and Europe have sovereign debt
problems. If anything, the surge in gold prices is a stark reminder that
investors are skittish. So, should you short the S&P? It's incredibly
difficult to time the markets. But so long as the volatility continues, it
probably is a good idea to have some short exposure. As I've mentioned in a
recent piece for InvestorPlace.com, there are some good options to look at, such
as the ProShares Short S&P 500 (NYSE: SH ) and the Federated Prudent Bear Fund
(MUTF: BEARX ). And even PIMCO's Bill Gross has a short-oriented fund, which
is called the StocksPLUS TR Short Strategy Fund (MUTF: PSSAX ). Tom Taulli is
the author of various books, including "All About Commodities." He does not
own a position in any of the stocks named here.
After all, a typical correction is 10%. Yet the month was harrowing, as the
volatility spiked. Keep in mind that the average daily move was nearly 2%. While
such swings are great for savvy traders, it can be extremely tough for
longer-term investors. In fact, even the pros had difficulties in August. For
example, hedge fund managers like Steven Cohen and David Einhorn posted losses.
However, John Paulson was the most notable loser as his flagship fund plunged
35%. He had heavy exposure to stocks like Bank of America (NYSE: BAC ) and
Citigroup (NYSE: C ). Yet there were some investors who were able to find ways
to make money, such as Carl Icahn, Kenneth Griffin and Ray Dalio. They were
savvy with safe havens like the SPDR Gold Trust (NYSE: GLD ), as well as
currency plays. But there is something else that worked: short selling. For
example, Icahn scored $100 million by shorting the S&P 500. True, short selling
can be risky. This is especially the case when going after high-fliers like
Chipotle Mexican Grill (NYSE: CMG ) and Lululemon Athletica (NASDAQ: LULU ). But
when done as a part of diversified portfolio, short selling actually can help to
reduce risk. Essentially, you are setting up a hedge. Interestingly enough, the
short interest in the S&P 500 has reached the highest levels in about nine
months coming to 3.03% of the overall market value, according to a recent
report from Bloomberg . No doubt, there are many reasons to be bearish. The
global economy is slowing down, and the U.S. and Europe have sovereign debt
problems. If anything, the surge in gold prices is a stark reminder that
investors are skittish. So, should you short the S&P? It's incredibly
difficult to time the markets. But so long as the volatility continues, it
probably is a good idea to have some short exposure. As I've mentioned in a
recent piece for InvestorPlace.com, there are some good options to look at, such
as the ProShares Short S&P 500 (NYSE: SH ) and the Federated Prudent Bear Fund
(MUTF: BEARX ). And even PIMCO's Bill Gross has a short-oriented fund, which
is called the StocksPLUS TR Short Strategy Fund (MUTF: PSSAX ). Tom Taulli is
the author of various books, including "All About Commodities." He does not
own a position in any of the stocks named here.
Top 10 Fastest-Growing Large Cap Stocks: LVS, BIDU, WYNN, WFT, MPC, GMCR, EOG, ALXN, RRC, NFLX (Sep 09, 2011)
Below are the top 10 fastest-growing Large Cap stocks, based on the average
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (BIDU) is on the list. Las Vegas Sands Corp. (NYSE:LVS) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 57.0%. This number is based on the average estimate of
3 brokerage analyst(s). Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the 2nd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 48.6%. This number is based on the average estimate of
15 brokerage analyst(s). Wynn Resorts, Limited (NASDAQ:WYNN) is the 3rd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 47.0%. This number is based on the average estimate of
6 brokerage analyst(s). Weatherford International Ltd. (NYSE:WFT) is the 4th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 46.9%. This number is based on the average estimate of
4 brokerage analyst(s). Marathon Petroleum Corp (NYSE:MPC) is the 5th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 45.7%. This number is based on the average estimate of
3 brokerage analyst(s). Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is the
6th fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 41.2%. This number is based on the average estimate
of 6 brokerage analyst(s). EOG Resources, Inc. (NYSE:EOG) is the 7th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 36.5%. This number is based on the average estimate of
4 brokerage analyst(s). Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 35.4%. This number is based on the average estimate of
10 brokerage analyst(s). Range Resources Corp. (NYSE:RRC) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 33.6%. This number is based on the average estimate of
7 brokerage analyst(s). Netflix, Inc. (NASDAQ:NFLX) is the 10th fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 31.5%. This number is based on the average estimate of 12 brokerage
analyst(s).
long-term earnings growth rate estimated by Wall Street analysts. One Chinese
company (BIDU) is on the list. Las Vegas Sands Corp. (NYSE:LVS) is the 1st
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 57.0%. This number is based on the average estimate of
3 brokerage analyst(s). Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the 2nd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 48.6%. This number is based on the average estimate of
15 brokerage analyst(s). Wynn Resorts, Limited (NASDAQ:WYNN) is the 3rd
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 47.0%. This number is based on the average estimate of
6 brokerage analyst(s). Weatherford International Ltd. (NYSE:WFT) is the 4th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 46.9%. This number is based on the average estimate of
4 brokerage analyst(s). Marathon Petroleum Corp (NYSE:MPC) is the 5th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 45.7%. This number is based on the average estimate of
3 brokerage analyst(s). Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is the
6th fastest-growing stock in this segment of the market. Its long-term annual
EPS growth is expected to be 41.2%. This number is based on the average estimate
of 6 brokerage analyst(s). EOG Resources, Inc. (NYSE:EOG) is the 7th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 36.5%. This number is based on the average estimate of
4 brokerage analyst(s). Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) is the 8th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 35.4%. This number is based on the average estimate of
10 brokerage analyst(s). Range Resources Corp. (NYSE:RRC) is the 9th
fastest-growing stock in this segment of the market. Its long-term annual EPS
growth is expected to be 33.6%. This number is based on the average estimate of
7 brokerage analyst(s). Netflix, Inc. (NASDAQ:NFLX) is the 10th fastest-growing
stock in this segment of the market. Its long-term annual EPS growth is expected
to be 31.5%. This number is based on the average estimate of 12 brokerage
analyst(s).
4 More Tech CEOs That Should Get the Axe
When Carol Bartz came on board Yahoo (NASDAQ: YHOO ) a few years ago, she was
supposed to bring discipline to the company and craft a sustainable growth
strategy. Well, it turned out to be a disaster, and as of Wednesday, Bartz is
out of a job. Interestingly enough, the shares of Yahoo spiked 5% on the news.
Now the buzz is that Yahoo will ultimately be sold off. No doubt, Bartz's
failure is far from the exception in the tech industry. If anything, there are
many examples of CEOs that should get the boot. Who are some of the notable
ones? Let's take a look: Cisco Cisco (NASDAQ: CSCO ) has been a perennial
laggard for shareholders. The 10-year-return on CSCO stock is a dismal 12% and
underperforms the broader market. The company's CEO, John Chambers (pictured
above), has been at the helm since 1995. And from the start, he was aggressive
with acquisitions. It was a smart way to maintain an innovation edge as well as
leverage Cisco's huge distribution footprint. The problem is the company has
many disparate businesses, with little cohesion. More troubling, Cisco also is
having issues with its router business, which is a critical source of cash
flows. Low-cost Chinese rivals are also making a dent in Ciscos business. Dell
Dell (NASDAQ: DELL ) is really a tale of two CEOs. From 1984 to 2004, Michael
Dell was a visionary. He created a build-to-order platform that allowed for lots
of growth and cash flows. But since Michael returned in 2007, things have been
terrible. The company has paid steep prices for software and storage companies.
At the same time, it has missed some of the latest trends in tech, especially
the surge in tablets. With about two-thirds of revenues coming from the PC
business, it is difficult to see how Dell will get much traction. It needs new
blood in the corner office to find a new way forward. Research In Motion With
Research In Motion (NASDAQ: RIMM ), you have a two-fer. That is, RIMM has
co-CEOs: Michael Lazaridis and James Balsillie. It's been double trouble at
RIMM lately. So far this year, the company's shares are off 45%. In fact, the
price-to-earnings ratio is only 5. Then again, the onslaught of Apple (NASDAQ:
AAPL ) is likely to continue to tear into RIMM's business. At the same time,
there will be tremendous pressure from Android operators. So getting rid of the
co-CEOs probably is a good idea just to clean house and start fresh. But even
with this, it is hard to figure out a strategy that can work. Hey, just look at
Nokia (NYSE: NOK ). Bringing on a new CEO has made little difference in this
companys fortunes. AOL It's hard to believe AOL (NYSE: AOL ) was once a tech
darling. But since the dot-com crash, it has been in a grueling death spiral.
Has anything really worked for this company? As InvestorPlace.com's Jonathan
Berr indicated this week , AOL actually is worse than Yahoo. Simply put, the
company's CEO, Tim Armstrong, can't devise a strategy to boost traffic and
revenues. This is the case despite some expensive acquisitions, such as for
Huffington Post and TechCrunch . Armstrong also is spending huge sums for its
local content service, Patch. To top it off, Facebook is eating AOL's lunch.
Not good for Armstrongs future prospects. Tom Taulli is the author of various
books, including "All About Commodities." He does not own a position in any
of the stocks named here.
supposed to bring discipline to the company and craft a sustainable growth
strategy. Well, it turned out to be a disaster, and as of Wednesday, Bartz is
out of a job. Interestingly enough, the shares of Yahoo spiked 5% on the news.
Now the buzz is that Yahoo will ultimately be sold off. No doubt, Bartz's
failure is far from the exception in the tech industry. If anything, there are
many examples of CEOs that should get the boot. Who are some of the notable
ones? Let's take a look: Cisco Cisco (NASDAQ: CSCO ) has been a perennial
laggard for shareholders. The 10-year-return on CSCO stock is a dismal 12% and
underperforms the broader market. The company's CEO, John Chambers (pictured
above), has been at the helm since 1995. And from the start, he was aggressive
with acquisitions. It was a smart way to maintain an innovation edge as well as
leverage Cisco's huge distribution footprint. The problem is the company has
many disparate businesses, with little cohesion. More troubling, Cisco also is
having issues with its router business, which is a critical source of cash
flows. Low-cost Chinese rivals are also making a dent in Ciscos business. Dell
Dell (NASDAQ: DELL ) is really a tale of two CEOs. From 1984 to 2004, Michael
Dell was a visionary. He created a build-to-order platform that allowed for lots
of growth and cash flows. But since Michael returned in 2007, things have been
terrible. The company has paid steep prices for software and storage companies.
At the same time, it has missed some of the latest trends in tech, especially
the surge in tablets. With about two-thirds of revenues coming from the PC
business, it is difficult to see how Dell will get much traction. It needs new
blood in the corner office to find a new way forward. Research In Motion With
Research In Motion (NASDAQ: RIMM ), you have a two-fer. That is, RIMM has
co-CEOs: Michael Lazaridis and James Balsillie. It's been double trouble at
RIMM lately. So far this year, the company's shares are off 45%. In fact, the
price-to-earnings ratio is only 5. Then again, the onslaught of Apple (NASDAQ:
AAPL ) is likely to continue to tear into RIMM's business. At the same time,
there will be tremendous pressure from Android operators. So getting rid of the
co-CEOs probably is a good idea just to clean house and start fresh. But even
with this, it is hard to figure out a strategy that can work. Hey, just look at
Nokia (NYSE: NOK ). Bringing on a new CEO has made little difference in this
companys fortunes. AOL It's hard to believe AOL (NYSE: AOL ) was once a tech
darling. But since the dot-com crash, it has been in a grueling death spiral.
Has anything really worked for this company? As InvestorPlace.com's Jonathan
Berr indicated this week , AOL actually is worse than Yahoo. Simply put, the
company's CEO, Tim Armstrong, can't devise a strategy to boost traffic and
revenues. This is the case despite some expensive acquisitions, such as for
Huffington Post and TechCrunch . Armstrong also is spending huge sums for its
local content service, Patch. To top it off, Facebook is eating AOL's lunch.
Not good for Armstrongs future prospects. Tom Taulli is the author of various
books, including "All About Commodities." He does not own a position in any
of the stocks named here.
Inverse ETFs: Perfect for the Hedger, Market Timer or Doomsayer
The recognized advocate of holding stocks forever is Warren Buffet. Following
his footsteps are armies of financial advisers that are promoting the
"buy-and-hold" concept as the catch-all to meet every citizen's long-term
financial plans. But recent volatility and uncertainty starting in 2008 and
continuing to the present day have bred a lot of discontent with this idea. With
inverse ETFs, it is now possible to "buy" an investment portfolio that is
designed to profit when markets fall. These ETFs are a blend of the culture of
buying and holding an investment and professional management that takes bearish
market views and applies the tools and strategies that are not readily available
to the general public. One ETF that is designed to seek profits from market
calamity is the Direxion Daily Financial Bear 3X ETF (NYSE: FAZ ). FAZ seeks to
profits when the Russell 100 index drops. Significant leverage is used to
supercharge the daily returns by 300%. The downside to this strategy is when the
Russell 100 index rises the loss is magnified at the same degree. Created in
the 1970s, a strategy known as the "Dogs of the Dow" was sold by the major
wirehouses. The concept is to buy the top 10 dividend-paying stocks of the DJIA,
hold for one year, then adjust the holdings to hold the top 10 dividend paying
stocks again. This seeks undervalued stocks in expectation of price increases
and better dividends. Today the ProShares Short Dow 30 ETF (NYSE: DOG ) seeks
profits by the use of derivatives that will generate daily returns equal to 100%
of what the DJIA does inversely. So when the "dogs" get fleas and start
scratching, this ETF is positioned to profit as the itch gets worse. Another
program that goes beyond inverse of the benchmarks is the AdvisorShares Active
Bear ETF (NYSE: HDGE ). This is an actively managed ETF that seeks profits by
bottom-up screening stocks that are believed to drop in share price. Fund
management looks for companies that will be facing difficulties or are believed
to exercise some sort of earnings management designed to please Wall Street
analysts. The idea of HDGE is to find more dogs before the general public does.
Jeffrey L. Stouffer is the principal of Mercantile Capital Group, a Herndon,
Va.-based introducing broker registered with the CFTC and a member of the
National Futures Association. He can be reached at mercapitalgroup@aol.com . He
has no direct or indirect holdings in these ETFs.
his footsteps are armies of financial advisers that are promoting the
"buy-and-hold" concept as the catch-all to meet every citizen's long-term
financial plans. But recent volatility and uncertainty starting in 2008 and
continuing to the present day have bred a lot of discontent with this idea. With
inverse ETFs, it is now possible to "buy" an investment portfolio that is
designed to profit when markets fall. These ETFs are a blend of the culture of
buying and holding an investment and professional management that takes bearish
market views and applies the tools and strategies that are not readily available
to the general public. One ETF that is designed to seek profits from market
calamity is the Direxion Daily Financial Bear 3X ETF (NYSE: FAZ ). FAZ seeks to
profits when the Russell 100 index drops. Significant leverage is used to
supercharge the daily returns by 300%. The downside to this strategy is when the
Russell 100 index rises the loss is magnified at the same degree. Created in
the 1970s, a strategy known as the "Dogs of the Dow" was sold by the major
wirehouses. The concept is to buy the top 10 dividend-paying stocks of the DJIA,
hold for one year, then adjust the holdings to hold the top 10 dividend paying
stocks again. This seeks undervalued stocks in expectation of price increases
and better dividends. Today the ProShares Short Dow 30 ETF (NYSE: DOG ) seeks
profits by the use of derivatives that will generate daily returns equal to 100%
of what the DJIA does inversely. So when the "dogs" get fleas and start
scratching, this ETF is positioned to profit as the itch gets worse. Another
program that goes beyond inverse of the benchmarks is the AdvisorShares Active
Bear ETF (NYSE: HDGE ). This is an actively managed ETF that seeks profits by
bottom-up screening stocks that are believed to drop in share price. Fund
management looks for companies that will be facing difficulties or are believed
to exercise some sort of earnings management designed to please Wall Street
analysts. The idea of HDGE is to find more dogs before the general public does.
Jeffrey L. Stouffer is the principal of Mercantile Capital Group, a Herndon,
Va.-based introducing broker registered with the CFTC and a member of the
National Futures Association. He can be reached at mercapitalgroup@aol.com . He
has no direct or indirect holdings in these ETFs.
Randgold Resources (GOLD) Showing Bullish Technicals But Could Break Through $114.57 Resistance
Randgold Resources (GOLD) Showing Bullish Technicals But Could Break Through
$114.57 Resistance Market Intelligence Center - 24 minutes ago Randgold
Resources (NASDAQ:GOLD) closed Thursdays reticent trading session at $112.46. In
the past year, the stock has hit a 52-week low of $70.18 and 52-week high of
$114.50. Randgold Resources ...
$114.57 Resistance Market Intelligence Center - 24 minutes ago Randgold
Resources (NASDAQ:GOLD) closed Thursdays reticent trading session at $112.46. In
the past year, the stock has hit a 52-week low of $70.18 and 52-week high of
$114.50. Randgold Resources ...
Randgold Says W. African Gold ‘Juniors’ Struggle to Find Buyers
Randgold Says W. African Gold 'Juniors' Struggle to Find Buyers Bloomberg -
1 hour ago By Elisabeth Behrmann - Fri Sep 09 10:23:09 GMT 2011 Randgold
Resources Ltd. (RRS), the best- performing London-traded gold producer this
year, said West African gold developers discoveries are ...
1 hour ago By Elisabeth Behrmann - Fri Sep 09 10:23:09 GMT 2011 Randgold
Resources Ltd. (RRS), the best- performing London-traded gold producer this
year, said West African gold developers discoveries are ...
Gold & Silver Prices – Daily Outlook September 9
Gold and silver prices bounced back and rose yesterday. Currently, gold and
silver prices are traded up. Yesterday, ECB kept its rate unchanged, the US
unemployment claims slightly inclined, President Obama presented his job
creation plan before Congress and Federal Reserve chairman Bernanke gave a
speech about the economic outlook of the US. Today, the Canada employment report
will be published and the Canadian Housing Starts report.
silver prices are traded up. Yesterday, ECB kept its rate unchanged, the US
unemployment claims slightly inclined, President Obama presented his job
creation plan before Congress and Federal Reserve chairman Bernanke gave a
speech about the economic outlook of the US. Today, the Canada employment report
will be published and the Canadian Housing Starts report.
Price Gold Per Ounce, Silver Per Ounce; Spot gold per gram spot silver per ounce; Dow Jones Average DJIA Index DJX DJI News
XCSFDHG46767FHJHJF
dow2664 Gold and silver prices received additional attention due to a negative trading session in the U.S. As the stock indices in the U.S. moved lower, price per ounce rates for contract gold and silver moved higher. Safe haven interest for precious metals gold and silver increased on a day when economic reports were mixed and stock indices ultimately dropped lower overall. It was an up and down trading session in the U.S., but the negatively skewed posts eventually applied more negative weight then investors could bear. The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, closed out the last session red. Specifically, the Dow Jones Industrial Average closed out red by 1.04 percent at 11,295.81. Initial jobless claims posted higher than many anticipated. This post added to the general worry investors maintain regarding the economic progress in the U.S. As a result, investors positioned more with safe havens. Gold contract for December delivery finished the last session higher by 2.20 percent at 1857.50 per troy ounce and contract silver for December delivery moved higher by 2.16 percent at 42.53 per troy ounce. After last session close, but prior to today’s session open, spot gold and spot silver pushed further into the green. Spot gold per gram was higher by 1.41 at 59.73 and spot silver per ounce was higher by .67 at 42.24. Camillo Zucari
Visa Ready to Spring Higher
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tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . Visa (NYSE: V ) — The payment processing platform company has traded well so far in 2011. I have discussed Visa stock before, and it is again getting close to setting up for a high probability trade. On the weekly chart, note the clear uptrend in place since 2009 and narrowing trading range. Stochastics still have room higher. Overall, it looks like the stock is coiled up and ready to spring.
Gold & silver bounced back | oil prices slipped – September 8
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DG365FD46564GFH654FU898 Gold and silver prices bounced back yesterday and erased most of loses they have had at the beginning of the week.
3 Things That Should Have the Bulls Nervous
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tdp2664 InvestorPlace Stocks fell yesterday after the European Central Bank lowered its growth forecast and the number of weekly jobless claims increased. Fed Chairman Ben Bernanke failed to indicate that any new stimulus programs were being considered, and the press reported that no innovative approach would come from the president's address that is likely to get past Congress. And so following the 3% bounce on Wednesday, stocks fell 1%. And the first barrier at S&P 500 1,200, which we discussed in Wednesday's Daily Market Outlook , is intact and remains as the most immediate resistance to a general advance. Despite some progress with the European economic crisis, a downward revision of the region's GDP and a lack of support from the central bank's president resulted in a rush to the U.S. dollar and gold . The PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP ) gapped through its 50-day moving average last week. If the dollar can break from the trading rectangle that has been in place since May, it is possible that it could stage a successful attack on its 200-day moving average at just under $22. This is not good forU.S. stocks since for several years there has been a negative or contra relationship between the dollar and stocks. And finally, a Bloomberg article points to the currently low short interest ratio, which is a mere 1.5 for the S&P Composite 1500. This is down from 2.4 at the end of July. High short interest is considered bullish since eventually the shorts must cover their positions with buy orders. Thus, low short interest is considered bearish. And so, wherever we look the evidence continues to build against higher stock prices. Today’s Trading Landscape To see a list of the companies reporting earnings today, click here . For a list of this week’s economic reports due out, click here . See Sam Collins' Trade of the Day: Gold Miners ETF Should Continue to Shine See Serge Berger's Trade of the Day: Visa Ready to Spring Higher
Gold Miners ETF Should Continue to Shine
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tdp2664 InvestorPlace Market Vectors Gold Miners ETF (AMEX: GDX ) — This exchange-traded fund (ETF) seeks to replicate the price-and-yield performance of the AMEX Gold Miners Index . The fund generally normally invests at least 80% of its total assets in the common stocks of companies involved the gold mining industry. Gold has been a strong performer for almost all of 2011, but gold mining stocks have made slow progress. Now, however, GDX has broken from a triple-top as a result of the miners cashing in on the high price of the metal and their ability to dig for gold that was previously not economically feasible.
3 Things That Should Have the Bulls Nervous
Stocks fell yesterday after the European Central Bank lowered its growth
forecast and the number of weekly jobless claims increased. Fed Chairman Ben
Bernanke failed to indicate that any new stimulus programs were being
considered, and the press reported that no innovative approach would come from
the president's address that is likely to get past Congress. And so following
the 3% bounce on Wednesday, stocks fell 1%. And the first barrier at S&P 500
1,200, which we discussed in Wednesday's Daily Market Outlook , is intact and
remains as the most immediate resistance to a general advance. Despite some
progress with the European economic crisis, a downward revision of the
region's GDP and a lack of support from the central bank's president
resulted in a rush to the U.S. dollar and gold. The PowerShares DB US Dollar
Index Bullish Fund (NYSE: UUP ) gapped through its 50-day moving average last
week. If the dollar can break from the trading rectangle that has been in place
since May, it is possible that it could stage a successful attack on its 200-day
moving average at just under $22. This is not good forU.S. stocks since for
several years there has been a negative or contra relationship between the
dollar and stocks. And finally, a Bloomberg article points to the currently low
short interest ratio, which is a mere 1.5 for the S&P Composite 1500. This is
down from 2.4 at the end of July. High short interest is considered bullish
since eventually the shorts must cover their positions with buy orders. Thus,
low short interest is considered bearish. And so, wherever we look the evidence
continues to build against higher stock prices. Todays Trading Landscape To see
a list of the companies reporting earnings today, click here . For a list of
this weeks economic reports due out, click here . See Sam Collins' Trade of
the Day: Gold Miners ETF Should Continue to Shine See Serge Berger's Trade of
the Day: Visa Ready to Spring Higher
forecast and the number of weekly jobless claims increased. Fed Chairman Ben
Bernanke failed to indicate that any new stimulus programs were being
considered, and the press reported that no innovative approach would come from
the president's address that is likely to get past Congress. And so following
the 3% bounce on Wednesday, stocks fell 1%. And the first barrier at S&P 500
1,200, which we discussed in Wednesday's Daily Market Outlook , is intact and
remains as the most immediate resistance to a general advance. Despite some
progress with the European economic crisis, a downward revision of the
region's GDP and a lack of support from the central bank's president
resulted in a rush to the U.S. dollar and gold. The PowerShares DB US Dollar
Index Bullish Fund (NYSE: UUP ) gapped through its 50-day moving average last
week. If the dollar can break from the trading rectangle that has been in place
since May, it is possible that it could stage a successful attack on its 200-day
moving average at just under $22. This is not good forU.S. stocks since for
several years there has been a negative or contra relationship between the
dollar and stocks. And finally, a Bloomberg article points to the currently low
short interest ratio, which is a mere 1.5 for the S&P Composite 1500. This is
down from 2.4 at the end of July. High short interest is considered bullish
since eventually the shorts must cover their positions with buy orders. Thus,
low short interest is considered bearish. And so, wherever we look the evidence
continues to build against higher stock prices. Todays Trading Landscape To see
a list of the companies reporting earnings today, click here . For a list of
this weeks economic reports due out, click here . See Sam Collins' Trade of
the Day: Gold Miners ETF Should Continue to Shine See Serge Berger's Trade of
the Day: Visa Ready to Spring Higher
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