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DG365FD46564GFH654FU898 Gold futures closed fractionally lower on Wednesday, with the COMEX December 2011 contract falling $3.60, or 0.2%, at $1,826.50 per ounce.
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DG365FD46564GFH654FU898 Gold futures closed fractionally lower on Wednesday, with the COMEX December 2011 contract falling $3.60, or 0.2%, at $1,826.50 per ounce.
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tdp2664 InvestorPlace On Sept. 15, 2008, the world learned a debt-riddled Lehman Brothers would be no more. The Dow dropped more than 500 points that day, and a month later the index was off about 25%. And that was only the beginning. The corporate carnage that followed doesn't deserve rehashing, since nearly every investor has a personal point of outrage. There was a death sentence for dividends, including a 68% cut
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tdp2664 InvestorPlace Attendees at the Microsoft ( NASDAQ : MSFT ) Build conference literally rushed the floor of the Anaheim Convention Center on Tuesday after the company held its press conference introducing the Windows 8 operating system. The blitz to the show floor wasn’t fueled purely by a desire to get some hands-on time with the latest packed in version of Windows Solitaire, but curiosity about Microsoft’s big gun at the show: Samsung’s Windows 8 tablet PCs. Build wasn’t the first time the press had demoed the Series 7 Slate, but it was the first time it got an extended experience of Windows 8 running on a tablet, and the reaction has been favorable. “ Apple ( NASDAQ : AAPL ) gave us a glimpse at what a post-PC operating system might look like, and now Microsoft’s gone and pushed that idea to the limit. (We) like what we see,” wrote Christopher Trout at Engadget . Investors don’t appear to be quite as moved. On Wednesday, Microsoft was trading around $26 at midday after around 30 million shares were exchanged. Put another way, it’s business as usual. CEO Steve Ballmer will hold court at Microsoft’s annual Financial Analyst Meeting before the market closes Wednesday, but it’s unlikely he’ll make any announcements that will cause the stock to see major action. Even after months of speculation as to what Microsoft’s grand plans for the tablet market are, the big reveal hasn’t brought big changes, merely more expectations. Positive press or not, Microsoft and its manufacturing partners still face what appears to be an unstoppable market force in the form of Apple’s iPad when Windows tablets start selling in the near future. Hewlett-Packard (NYSE: HPQ ), Motorola (NYSE: MMI ), even MSFT partner Samsung (PINK: SSNLF ) — all of them have failed to dent the iPad market. Even with an impressive operating system that can seamlessly blend a user’s experience on a work PC with their tablet, there’s no guarantee that Microsoft and Samsung will be able to penetrate consumer infatuation with Apple’s device. As discussed in a Tuesday report regarding GameStop ‘s (NYSE: GME ) tablet plans , tablet makers have a shot at finding a place in the one-sided market by specializing in niche audiences. Where GameStop is looking to capture consumers by making tablets for the high-spending, video game-playing crowd, Microsoft has the means to cater to multiple specific audiences. The company has, of course, done this for years with Windows and its other products like Microsoft Office. Windows Vista, maligned as it was, was smartly released in a number of different editions, some built for enterprises, some for consumers and others, like Windows Vista Starter, custom-made for emerging markets. Office still is offered in packages for businesses and students. If Microsoft can effectively develop and market its Windows tablets to suit a similar range of audiences with different needs, and especially different budgets, it stands a good chance of distinguishing itself from Apple. How should it separate its different Windows tablets and Windows editions from each other? It’s likely Microsoft will take the same approach it always has, offering certain tablets for professionals, others for students and still more for the average consumer. If it wanted to get cagey, however, Microsoft would try to design its line of Windows tablets to suit different age groups. Private company LeapFrog Enterprises is releasing a $100 tablet aimed at 4- to 9-year-olds called the LeapPad Explorer. By going for that young a niche, LeapFrog likely will avoid competition with Apple altogether. If Microsoft really wanted to make a dent in the market, a series of aggressively priced tablets aged at children, young adults and even seniors could make it happen. Right now, Microsoft’s Windows 8 tablets are building good momentum, but that won’t be enough to win the market. Ballmer & Co. need to think around their competition, not like them. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
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dow2664 The stock market in the U.S. continues to move up and down. The DJIA , Nasdaq and S&P 500 are highly influenced right now by variations in global market trends, especially in Europe. Europe’s trends are highly volatile right now due to the continuing debt and credit concerns that are ongoing in the eurozone. Investors are having difficulty finding consistency and are thus having difficulty feeling overly confident about the marketplace right now. Optimism was on the rise today though. It should be noted that gains are observed with a tempered acceptance right now due to the recent choppy history of market trends. Today, investors felt improved optimism due to the ongoing news that China will work to purchase bonds in the eurozone marketplace. This helped push eurozone indicators higher today and as a result, U.S. stock indicators moved higher. Economic news was mixed today in the U.S. marketplace. The retail sales data from the Department of Commerce showed that sale only bumped higher by .1 percent. This was below expectations. The Producer Price Index posted via the Labor Department and revealed that prices generally remained unchanged. Also, according to the Department of Commerce, business inventories rose .4 percent in July. As the trading session approached close in the U.S., the primary stock indices were still trending green. The Dow Jones was higher by 225 points at 11,322. The Nasdaq was higher by 56 points at 2,588 and the S&P 500 was higher by 22 points at 1,195. The rally is gaining momentum for stocks. Investor confidence continues to grow. Frank Matto
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gol2664 Negocioenlinea The European Economy and 26 Other Potential Disasters Making Investors Anxious Minyanville.com – 57 minutes ago By Lloyd Khaner Sep 14, 2011 18:00 pm “The market stands accused of being hyper-sensitive, but can you blame investors for being ready to jump? The confusion in Italy over China's offer to buy …
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tdp2664 InvestorPlace Target (NYSE: TGT ) suffered an outage of its web site Tuesday — but for good reason. The outage — as well as a simultaneous flooding of Target stores — was a result of too much demand and not enough supply as consumers were desperate to get their hands on the latest product innovation from Target. Italian luxury knitwear designer Missoni sells consumer goods for very high prices — as much as $1,500. But Tuesday it launched a 400-piece line of Missoni products for Target — a collection of bikes, luggage, clothes and housewares. This so-called “cheap chic retailer” featured Missoni’s hallmark zigzag patterns for between $2.99 for stationary and $599.99 for patio furniture — far less than Missoni’s real products, which range in price between $595
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DG365FD46564GFH654FU898 The producer price index was published today. It showed that the rate of PPI for finished goods didn’t change in August compared to a 0.2% increase (seasonally adjusted) during July. This report also serves as an indicator to the upcoming core CPI to be published tomorrow in the U.S. The food index is one of the factors that inclined during August by 1.1%, while the energy index fell by 1.0%. As a result, the PPI inclined by 6.5% during the past 12 months. The Producer Price index excluding food and energy slightly rose by 0.1% during August. The last index (PPI ex food and energy) is estimated to have a lagged negative linear correlation with gold price; i.e. as the PPI rises, gold price tends to fall the following day. Furthermore, the PPI excluding food and energy has a positive linear correlation with silver price. These relations are mainly directed via the US dollar changes.
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tdp2664 InvestorPlace Today I’ll look at American Express (NYSE: AXP ), the financial services company that does a lot more than just issue charge cards. American Express’ product portfolio consists of charge and credit card products; expense management products and services; consumer and business travel services; stored value cards, including travelers checks and other prepaid products; network services; merchant acquisition and processing, point-of-sale, servicing and settlement, and marketing and information products and services for merchants; and fee services comprising market and trend analyses and related consulting services, fraud prevention services, and the design of customer loyalty and rewards programs. One of the key driving factors regarding American Express is the health of the general economy. AXP does not earn its money by charging interest on unpaid balances, which is different from regular credit cards. Instead, it earns its money by charging each merchant a transaction fee as a percentage of each charge. These fees are higher than its competitors’. So for American Express, it really all comes down to how much money its cardholders are spending. Since peaking in 2007, American Express is about 45% below that amount. So if you are thinking of buying American Express, you are banking that the economy will continue to improve and/or American Express will seize more market share. Stock analysts looking out five years on American Express see annualized earnings growth at 10.5%. But look closer, because net income jumps 19% over last year and 4% for FY 2012, suggesting annualized growth from then to 2015 is around 8%. That’s modest and acceptable growth for a company as big as AXP. At a stock price of $47.50, on FY 2011 earnings of $3.98, the stock presently trades at a P/E of 12. MasterCard (NYSE: MA ) trades at a 20 P/E, Visa (NYSE: V ) at a 17 P/E, and Discover (NYSE: DFS ) at 8.25. So compared to its peers, it’s right in the middle. Concerning American Express’ financials: The company doesn’t carry long-term debt, but it is responsible for paying all the merchants people charge their card against. AXP owes about $41.2 billion and is due $43.38 billion in customer receivables. Coupled with the $32.5 billion it has in cash, American Express is more than covered on what it owes. Trailing 12-month cash flow was more than $8 billion, so the company generates plenty of cash. The company also had nine times the amount of free cash flow necessary to pay its 1.5% dividend. So it appears to be on solid footing financially. There have been two insider purchases of about 25,000 shares in the past year — not great, but it’s something. Conclusion Placing a 10 P/E on American Express, with projected 2015 earnings of $5.27 per share, gives us a price target of $52.70. That’s only a 10% return from here. However, the fact it generates so much cash each year — about $7 per share — means we can boost that target. Conservatively assuming $5 per share in free cash flow, we’d add $25 to the price target, which becomes $77.70. That’s a 64% increase from here, or a nearly 14.5% annual increase from here, including reinvested dividends. Finally, Warren Buffett owns 13% of the company. That reads to me as a long-term endorsement. I believe American Express is a buy for regular accounts. I believe American Express is a buy for retirement accounts. Lawrence Meyers does not own shares of American Express.
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DG365FD46564GFH654FU898 GOLD PRICE NEWS – The gold price moved marginally lower Wednesday, slipping $6.00 to $1,828 per ounce.
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DG365FD46564GFH654FU898 TD Securities was the latest firm to raise its gold price forecasts, and now expects the yellow metal to climb “well above” $2,000 per ounce in the coming months. In its report, the firm addressed the recent weakness in gold by stating that “Despite the very gold -favourable macroeconomic environment, concerns surrounding the European sovereign debt crisis and a generally bullish sentiment, the yellow metal has dropped sharply from its September 7th high of nearly $1,924/oz to trade sideways near the $1,850/oz territory recently." TD nonetheless remained quite positive on gold, noting that “We are bullish on the yellow metal.
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tdp2664 InvestorPlace With the consumer confidence index hitting a bleak 44.5% in August, it seems that the only people not aware that we're sinking back into a recession are politicians, economists and Federal Reserve Chairman Ben Bernanke. That's bad news for stocks that are closely tied to consumer spending. The latest economic forecasts are grim, with zero new jobs created in August and the unemployment rate stuck at 9.1%. The National Association for Business Economics on Monday revised its economic growth prediction for this year to 1.7%, down from 2.8%. What's worse, the Conference Board's Consumer Confidence Index tanked last month, plummeting to 44.5 — nearly 15 points lower than in July. Here are five stocks to sell as the economy weakens and consumer confidence plummets: Hewlett-Packard The computer market is characterized by cutthroat competition, and Hewlett-Packard (NYSE: HPQ ) has been getting hammered as buyers switch to tablets. HP shares have dropped 30% in the past month on merger rumors and a restructuring that would spin off its PC operations. The stock will fare worse if jittery consumers pull back on their purchases. At $22.58, HPQ is trading more than 54% below its 52-week high of $49.39 in February. With a market cap of $46.32 billion, the stock has a price/earnings-to-growth ratio of 0.62, which indicates the stock is undervalued. HP's debt position isn't good, with total debt of $25.7 billion to total cash of $12.95 billion. Bank of America Since its government bailout, Bank of America (NYSE: BAC ) has staggered back to the point of needing a second bailout — one that certainly will not happen 14 months before a presidential election. If more consumers lose their jobs and can't pay their mortgages, loans and credit card bills, BAC will be left holding a lot more debt than it's struggling with today. And the company's Project New BAC, which plans to cut 6,000 more jobs this year and 30,000 between now and 2013, is more likely to add weight to an already staggering economy than fix BAC's problems. At $7.05, BAC is trading nearly 54% below its 52-week high of $15.31 in January. With a market cap of $71.45 billion, the stock has a PEG ratio of -1.75, a cautionary sign that points to an expected decline in earnings. BAC has total debt of $771.97 billion and total cash of $638.54 billion.
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tdp2664 InvestorPlace In late 2008 and early 2009, the stock market and American economy were undergoing tremendous upheavals. Bear Stearns and Lehman Brothers had collapsed, and the financial system was in disarray. Washington bailed out automakers and pledged nearly $800 billion in stimulus funds. Unemployment went from 5% to over 9% in less than a year. Those were scary times. And for many investors, we are seemingly on the cusp of another market shock that could be equally severe. Now, the burden of big debts could bankrupt Greece and break up the entire euro zone. Now, President Barack Obama has proposed another $400 billion to jump-start hiring as unemployment remains stuck at 9%. Banks still are battered, consumers are spooked and the market is taking us for a white-knuckle ride again. How can investors protect themselves? And what lessons did we learn from the previous crash? One important fact to acknowledge right out of the gate is that market timing is tremendously different than market hindsight. Yes, if you went to cash in May 2008 as the market peaked and sat out until the dust settled, you could have avoided a tremendous loss. And yes, if you had the expertise and foresight to spot the bottom in March 2009, you would have enjoyed the 60% run for the major indices across the next nine months. But be realistic. Hanging your retirement funds on two calls like that is a dangerous business. Rather than deciding when to stomp on the gas or slam on the brakes, I believe long-term investors are better served by remaining invested and simply getting defensive in times of turmoil. By focusing on stocks that weather the downturn better than the rest of the market, you can limit your losses and still share in the recovery when things stabilize. Think that's impossible? Well here are here are five blue chips that both weathered the financial crisis much better than their peers and managed to rally strongly off the market lows. It's realistic to think that in the even of another crash, they would hang tough yet again. IBM 5/1/08 to 5/1/09 return: -19% vs. -36% for the Dow 5/1/08 to present: +36% vs. -12% for the Dow While "Web 2.0" companies are garnering much of the attention and tech laggards like Cisco ( NASDAQ : CSCO ) and Microsoft ( NASDAQ : MSFT ) are the butt of many jokes, one of the oldest tech stocks is one of the sector's best performers during the past few years. IBM (NYSE: IBM ) is up handily since May 2008, even though the market remains in rough shape. Big Blue still is picking up steam, too, with blowout Q2 earnings in July that boasted big EPS and revenue gains along with strength in all four divisions — technology services, business services, software and systems. It's a high-tech world, and IBM continues to be a mainstay for many businesses even as the economy remains largely sluggish. Visa 5/1/08 to 5/1/09 return: -12% vs. -36% for the Dow 5/1/08 to present: +27% vs. -12% for the Dow Lest you think Visa (NYSE: V ) is a financial stock stuck in the mire with the big banks, investors should remember that this credit and debit card brand is a processor of payments — not a lender. It makes its money by moving other people's money around. And as online bill paying and mobile payments surge in the developed world and emerging markets turn to plastic instead of cash to pay for goods and services, Visa is seeing extraordinary growth. Total electronic payments have risen more than 30% in the past two years. That growth helped Visa hang tough amid the market mayhem of 2008-09. And since the news that regulators wouldn't strangle Visa's revenue stream with a draconian cap on debit card fees, the stock has been surging in 2011 — up almost 25% year-to-date.
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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 . Delta Air Lines (NYSE: DAL ) — US Airways Group (NYSE: LCC ) led an industry-wide rally on Tuesday after executives said they have not yet seen any signs of a contracting economy in their September bookings and stated plans to reduce their seat capacity. Shares of airline stocks have been under severe pressure so far in 2011, and the Guggenheim Airline ETF (NYSE: FAA ) is down almost 30% year to date. Out of the group, the stock that caught my attention yesterday was Delta. The weekly chart turned down in January after the stock broke the uptrend dating back to early 2009, and has been trending down ever since.
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DG365FD46564GFH654FU898 Gold Price Close Today : 1,826.80 Change : 16.90 or 0.9% Silver Price Close Today : 41.12 Change : .96 or 2.3% Platinum Price Close Today : 1,813.50 Change : 4.10 or 0.2% Palladium Price Close Today : 727.00 Change : 16.75 or 2.3% Gold Silver Ratio Today : 44.43 Change : -0.64 or 0.99% Dow Industrial : 11,105.85 Change : 44.73 or 0.4% US Dollar Index : 77.11 Change : -0.04 or -0.1% 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
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tdp2664 Penny Stock Live Scalped a few stocks for small wins in chat today while dealing with some failed swing trades. EVGI for starters just never worked out and is a good lesson for me and for all actually. Had hoped EVGI would be BestDamn’s pump this morning and it wasn’t. So with 15k shares at $.80, I decided that $.70 was a loss I could live with. More thoughts on playing pumps below. Here is the problem and the lesson, HOPE does not belong with trading period. AAGC is another pump gone wrong so far. After spotting a big disclaimer I assumed $1 would be an easy target for a sweet $3k gain and after entering at $.82, I added up at $.88 based on the chart. After the first day of promo however, shares tanked and clearly someone is unloading. Today I tried to get rid of half at $.65 for a big loss and couldn’t even swing that. At this point my thought is they’ve gotta be done selling and ready to move this thing back up. I’d be happy as hell just to break even at $.85, a long shot at best. After about $30,000 in profits playing regular stocks long and short, with less speculation on pumps, I’m thinking I’ll be doing a lot less speculating moving forward because stocks like ALZM, BERX, DOGO, EVGI and now AAGC are adding up to big losses and not a whole lot of big gains. I’ll still nibble from time to time, but you can expect less speculation on those types of plays moving forward…I’m just having too much success trading other stocks $1 to $20. STM coming back with the market, I’d like another 5k shares but didn’t want $.60 below entry…$4′s was a target worth adding had it continued to dip. I think futures will be up when we wake up tomorrow and if so I’d expect STM to be in the $6.15 range which will start to look green in my account if the market follows. Added SIRI at $1.71 right before TheStreet.com said sell SIRI. Media is nothing but one big pump, however, you have to respect the pump. My average is $1.73 and to be honest, that’s not bad but it’s not the $1.60 I preferred when talking about grabbing SIRI again. So if I get burned here I deserve it. In general however, I don’t think enough people / funds will follow the sell SIRI mentality based on MCD and BBY earnings — but price rules so we’ll see. I made my bet at $1.71 today based on my gamble that futures are heading up tomorrow and SIRI will gap for us. If I’m right we should be in the $1.71 range when I see you in chat in the morning. Goal here would be high $1.70′s initially and then I’d look to add again lower if the market grants me that opportunity. If I’m wrong on this trade, I’ll need to cut it loose around $1.65 and buy back lower when it reverses. LOCM is not helping or hurting me so as long as it’s above $2.70 I’m long the stock and waiting for it to squeeze. Added 1k AOL today at what I believe is support and sure enough it bounce about $.20 right after I added. Then it dipped to that area and closed strong. This is a stock I’m trying to stay in with 2k shares trading for profits daily while adjusting position. If any deal goes down, I think it’ll go for about $20 per share giving me an instant $10k gain. Keep in mind, this is a secondary goal and not something I’m basing my moves on. I’m trading the stock, if a deal goes down, which I doubt it will it’s simply luck. CNTF is holding $2 so if the markets turn up I’ll be in the green again. $2 will be my stop though, should have cut it sooner to be honest.