Gold Price Close Today : 1,634.50 Gold Price Close 30-Sep : 1,620.40 Change :
14.10 or 0.9% Silver Price Close Today : 3095.8 Silver Price Close 30-Sep :
3004.1 Change : 91.70 or 3.1% Gold Silver Ratio Today : 52.797 Gold Silver Ratio
30-Sep : 53.940 Change : -1.14 or -2.1% Silver Gold Ratio : 0.01894 Silver Gold
Ratio 30-Sep : 0.01854 Change : 0.00040 or 2.2% Dow in Gold Dollars : $ 140.42
Dow in Gold Dollars 30-Sep : $ 139.22 Change : $ 1.20 or 0.9% Dow in Gold Ounces
: 6.793 Dow in Gold Ounces 30-Sep : 6.735 Change : 0.06 or 0.9% Dow in Silver
Ounces : 358.65 Dow in Silver Ounces 30-Sep : 363.28 Change : -4.63 or -1.3% Dow
Industrial : 11,103.12 Dow Industrial 30-Sep : 10,913.38 Change : 189.74 or 1.7%
S&P 500 : 1,155.46 S&P 500 30-Sep : 1,131.42 Change : 24.04 or 2.1% US Dollar
Index : 78.792 US Dollar Index 30-Sep : 78.572 Change : 0.220 or 0.3% Platinum
Price Close Today : 1,496.60 Platinum Price Close 30-Sep : 1,527.00 Change :
-30.40 or -2.0% Palladium Price Close Today : 590.70 Palladium Price Close
30-Sep : 611.00 Change : -20.30 or -3.3% Looks like SILVER , GOLD , and stocks
recovered this week, but only if you don't hear those drums throbbing in the
jungle. There's bad juju ahead, Bwana, as they used to say in the Tarzan movies.
The GOLD PRICE reached a high of 1,663.64 today, then fell back. I count that as
another challenge of $1,675, and a third failure. Worse, the GOLD PRICE closed
Comex down $17.40 at $1,634.50. that leaves $1,630 as the nearest support. If
GOLD crosses that line, then sinks through $1,600, it will skid a long ways. On
the other hand, if the GOLD PRICE keeps climbing and breaks through $1,725, then
gold's bottom has already been posted. However, I don't expect that. European
crisis hasn't been cured yet. Crisis is like malaria. It makes you sick as a
dog, then leaves. Then all unexpectedly, it returns. The cause of the crisis has
not yet been treated, or perhaps the disease is so vast, no one has the
resources to treat it. Either way, it will return, with teeth bared. Wow. How
could I have said yesterday that the MACD and RSI showed silver overBOUGHT when
I meant overSOLD? Well, it's oversold, and when those indicators are oversold,
it argues that silver ought to RALLY. (Listen to what I mean, not what I say.)
What withers my optimism? For one thing, oversold can get MORE oversold. For
another, after a plunge like the one SILVER and GOLD PRICES took the week of 26
September, markets normally recover a bit, then make one more plunge down. Art
lives in identifying when that has happened. Both SILVER and GOLD are oversold,
but both also show Flag or Pennant patterns on their charts, and flags always
fly at half staff. That, too, implies lower prices, BICBW. However, today's
performance, after yesterday's gains of 165.3c and $11.60 to the top of gold's
range, felt weak, like a everybody was cashing out at week's end. Losing 101.2c
today silver closed Comex at 3095.8c, once again below that critical 3100c mark.
Today and yesterday SILVER did no more than rally up to its 300 day moving
average (now 3186c), needful but not particularly inspiring. At its lowest The
GOLD PRICE pierced its 150 dma (now 1587.71), but has not moved far from that
mark, merely bounding along it ($1,535 was roughly the 200 dma). Now maybe that
touch off the 200 dma was the bottom for gold. Could be, but even so I expect to
see it go back for one final Kiss Good-bye before a bottom is complete. Those
oversold conditions might also be worked off not by a sustained rally, but a
short-lived one. I reckon my doubt is showing. I'm just not ready to throw
caution overboard and dive into SILVER and GOLD after it. For one thing, I
expect to see the gold/silver ratio reach at least 57.5, and it hasn't touched
that yet. So we wait, with patience, remembering that many times not doing
anything also means you are not doing anything wrong, either. Not always, but
sometimes. Stocks went up, down, then up, and down again. Raggedy. Weak. Dow
touched 11,232 (up 110) early in the day, then dropped as low as 11,051, climbed
again and failed, and closed the day down 20.21 (0.18%) at 11,103.12. S&P500
dropped 9.51 for the day, down 0.82%, to 1,155.46. Today has a double-toppy
look, and not breaking through 11,200 next week will confirm that suspicion.
Stocks must hold 10,700 support or turn down again. It is intensely painful to
watch stocks and contemplate all the folks who will ride that sinking ship down
as it takes their retirement under the waves. They have a conceptual block so
powerful, so strong, so unassailable, that they simply must listen to the
"experts" and financial planners who keep on doing the thing that doesn't work,
because they know nothing else. STOCKS -- they're a blind date with Typhoid
Mary. US Dollar index rose a little today to close 15.8 basis points or 0.20%
higher. Remember that earlier in the week it touched off 79.84, probably the top
of its first leg of the rally from 73.45. Dollar may fall back to 78 or even
77.75, but its immediate future is calling it higher, lots higher, to 82.5 at
least, I reckon. Having lifted itself up off a 1.3164 bottom three days ago, the
euro fell back on its bed of pain today. Fell short of its 20 day moving average
(1.3551). Still destined to re-visit 1.2000. Yen basically stood still today,
closing at 130.39, still moving sideways, crawling along its 20 and 50 dmas.
Y'all enjoy your weekend! Argentum et aurum comparenda sunt -- -- Gold and
silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com
© 2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in
a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers
inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.
WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to
trade futures contracts. I don't intend them for that or write them with that
short term trading outlook. I write them for long-term investors in physical
metals. Take them as entertainment, but not as a timing service for futures. NOR
do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those
are NOT physical metal and I fear one day one or another may go up in smoke.
Unless you can breathe smoke, stay away. Call me paranoid, but the surviving
rabbit is wary of traps. NOR do I recommend trading futures options or other
leveraged paper gold and silver products. These are not for the inexperienced.
NOR do I recommend buying gold and silver on margin or with debt. What DO I
recommend? Physical gold and silver coins and bars in your own hands. One final
warning: NEVER insert a 747 Jumbo Jet up your nose.
Friday, October 7, 2011
Ericsson Buyout Won’t Put Sony Over the Top
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tdp2664 InvestorPlace The grand unification of Sony (NYSE: SNE ) continues. A Friday report at The Wall Street Journal said Sony is trying to buy out Ericsson ( NASDAQ : ERIC ) from their shared joint venture, mobile phone maker Sony Ericsson. Sony will pay an estimated $1 billion to Ericsson, giving SNE control of both the company and its full array of mobile technology patents, which analysts value somewhere between $1.3 and $1.7 billion. With Sony’s overall plans for the mobile technology business — which include advanced gaming devices, tablets and more media services than you can shake a stick at — it’s unsurprising that the company wants full control over its smartphone enterprise. Still, it might be too late for Sony to change the shape of that market with its own phones. At the moment, Sony is preparing to release the PlayStation Vita handheld into the market, as well as the PlayStation Suite — a digital games service supported by Android phones and tablets. It also recently entered the tablet game with the S1 and S2 tablets. With Apple ( NASDAQ : AAPL ) tightening its grip on the market, Google ( NASDAQ : GOOG ) repositioning itself as a manufacturing force by acquiring Motorola (NYSE: MMI ), and Nokia (NYSE: NOK ) preparing to re-enter the market with backing by Microsoft (NASDAQ: MSFT ), it’s difficult to imagine that Sony could quickly and effectively take on the smartphone businesses with its own line of handsets. Sony’s resources have been placed in other developing mobile products, and Sony Ericsson’s existing business has eroded to the point where it needs to be completely restarted. Since Sony also has tied itself closely to the Android platform, it needs to consider how to best leverage that operating system without trying to live on the scraps left by Android phone makers like Samsung (PINK: SSNLF ), HTC and Google itself in the future.
Venezuela Sets Timetable For Gold Repatriation
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gol2664 Negocioenlinea Venezuela Sets Timetable For Gold Repatriation Seeking Alpha – 2 hours ago Many people have been wondering what ever happened to Hugo Chavez's demand for physical delivery of all Venezuelan gold held in overseas banks. Reuters is reporting that the scheduled deliveries …
4 Reasons the China Auto Boom May Be Running Out of Gas
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tdp2664 InvestorPlace "Opportunities multiply as they are seized," Chinese general Sun Tzu said about 2,500 years ago. Sun was speaking of warfare, but his words apply equally to his homeland's present-day automotive sector. Auto sales in China, now the world's largest vehicle market, have more than tripled since 2006, fueling the hope that foreign automakers like Ford (NYSE: F ), General Motors (NYSE: GM ), Chrysler, Daimler AG and BMW could reap big rewards from a huge new pool of buyers. As the most promising emerging market in the world, China is a growth opportunity for U.S. and European automakers: Last year alone, auto sales in China grew by a whopping 32% to 18.06 million. But the question now is whether that level of eye-popping growth is sustainable — a real challenge as car companies make strategic investments to bounce back from the Great Recession. Storm clouds already are gathering on the horizon. Auto sales in China have been softer than expected in recent months, rising a mere 4% in August, according to the China Association of Automobile Manufacturers. Growth projections for the year have slipped into the 3% to 5% range. At that rate, China's vehicle sales could slip below the 20 million mark this year. And while single-digit growth is still growth, it's not the big payday automakers were counting on. Although they are focused strategically on other emerging markets like Brazil and India, the China opportunity has loomed large. In so big a play, any significant gap between expectations and reality can have a big impact on earnings — and stock prices. Here are four reasons China's much-heralded auto boom might not boost U.S. and European automakers' fortunes as much as expected: New Anti-Car Regulations The Chinese government has hiked taxes and adopted new anti-car policies (for example, cutting the number of vehicle licenses issued this year by 68% to reduce traffic congestion). Although the central government this month is offering a $470 incentive to buyers, that applies only to very small, very fuel-efficient vehicles. With the Chinese government likely to continue its schizophrenia about whether to promote or protest an expansion of vehicle ownership, automakers must be realistic about the prospects for a near-term (one- to three-year) payoff.
Investors Should be Suspicious of False Hope
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tdp2664 InvestorPlace Take a look at the chart below and you can’t help but wonder if this bounce is doomed to fail like the previous four September/October fake-out rallies. Since the Aug. 9 lows, the S&P 500, along with the Dow and Nasdaq , has staged four seemingly powerful rallies. Each time, the S&P 500 gained about 100 points. Each time, the S&P 500 erased all or nearly all the gains and ultimately fell to new lows. Just last week, stocks rallied on Monday and Tuesday (Sept. 26 and 27). The media got all giddy, and after Monday’s (Sept. 26) close, the Associated Press claimed that “Stocks jump on hopes for a Europe fix.” On Tuesday (Sept. 27), Reuters reported that “Stocks pop on Europe hope.” The S&P tumbled 120 points from Reuters ‘ hope-filled Tuesday headline to this week’s lows. Yesterday, once again, the AP exclaimed that “Stocks rise on hopes for European banks.” Is this bounce just another fake? Hopium Doesn’t Work Hope is not an investment strategy, and those “smoking hopium” a week ago were in for a big bad Greek surprise. Sunday’s (Sept. 25) ETF Profit Strategy update clearly stated that “Following this bounce we are expecting a new low and will re-enter short positions against 1,148, 1,173 or after a break below 1,121. It is prudent to scale out of short positions between 1,100 – 1,088″. Fake vs. Real Low The chart above shows why the Aug. 9 low at S&P 1,102 was unlikely to be the real low — sentiment was simply too bullish. The Aug. 14 ETF Profit Strategy update stated that “When the dumb money feels now is a buying opportunity, we should be suspicious. In fact purely based on sentiment, we should probably expect a reversal to the downside.” Real bottoms occur when investors are deeply bearish, not bullish. As the chart shows, investors were much more bearish at this week’s low.
Illumina Shares Take a Tumble
In a late April article , we cautioned investors that, with a stratospheric
price-to-earnings ratio of more than 80, genetic analysis instrument maker
Illumina (Nasdaq: ILMN ) might be riding a bit high in the water. That certainly
proved to be the case. Shares of the company sunk about 30% on Friday after
Illumina revealed late Thursday that its third-quarter revenue would fall well
short of Wall Street estimates. As high as $75 at the end of July, the San Diego
company's stock has been on a slippery slope since then, sliding all the way
to below $28. Of course, in every cloud there's a silver lining. In
Illumina's case, the stock now trades at a much more reasonable P/E of 30, a
small consolation to investors who got in at or near the high but perhaps an
opportunity for others. In announcing the third-quarter shortfall and suspending
full-year guidance, management pointed to a substantial slowdown in orders from
federal agencies. Other factors cited include: Continued uncertainty
surrounding research-funding levels in the U.S. and Europe The second-quarter
launch of a product that created excess capacity its customers were unable to
fully utilize A significant drop in the use of certain products by customers
using its Genome Analyzer, and Lower-than-expected upgrades by users of that
system to its HiSeq 2000 systems. Clearly, we are highly disappointed with our
revenue for the third quarter, said President and CEO Jay Flatley, according to
the Associated Press. He called the slowdown in new purchases unprecedented, and
said it resulted from uncertainties in research funding and overall economic
conditions. We expect these conditions to continue through at least the fourth
quarter, while the 2012 2013 U.S. budgets for National Institutes of Health and
other related agencies are determined, Flatley added. The company believes that
revenue for the fourth quarter will be higher than the third quarter, but it
suspended its previous guidance for a revenue increase of 24% to 26%, implying
annual revenue between $1.12 billion and $1.14 billion. Wall Street was
expecting full-year revenue of $1.14 billion, with estimates ranging from $1.12
billion to $1.17 billion. Illumina's announcement seems to be having a ripple
effect in the industry. Competitors Affymetrix (Nasdaq: AFFX ) and Life
Technologies (Nasdaq: LIFE ) also get 20-40% of their revenue from U.S.
government-backed research, and a budget squeeze is likely to affect their
performances, too. That's probably the reason their shares are down 5% and 6%,
respectively, this morning. Back in April, we noted that one analyst likened
Illumina to Apple (Nasdaq: AAPL ) for the company's ability to replace its
products before they become stale. It looks like that assessment might have been
somewhat premature.
price-to-earnings ratio of more than 80, genetic analysis instrument maker
Illumina (Nasdaq: ILMN ) might be riding a bit high in the water. That certainly
proved to be the case. Shares of the company sunk about 30% on Friday after
Illumina revealed late Thursday that its third-quarter revenue would fall well
short of Wall Street estimates. As high as $75 at the end of July, the San Diego
company's stock has been on a slippery slope since then, sliding all the way
to below $28. Of course, in every cloud there's a silver lining. In
Illumina's case, the stock now trades at a much more reasonable P/E of 30, a
small consolation to investors who got in at or near the high but perhaps an
opportunity for others. In announcing the third-quarter shortfall and suspending
full-year guidance, management pointed to a substantial slowdown in orders from
federal agencies. Other factors cited include: Continued uncertainty
surrounding research-funding levels in the U.S. and Europe The second-quarter
launch of a product that created excess capacity its customers were unable to
fully utilize A significant drop in the use of certain products by customers
using its Genome Analyzer, and Lower-than-expected upgrades by users of that
system to its HiSeq 2000 systems. Clearly, we are highly disappointed with our
revenue for the third quarter, said President and CEO Jay Flatley, according to
the Associated Press. He called the slowdown in new purchases unprecedented, and
said it resulted from uncertainties in research funding and overall economic
conditions. We expect these conditions to continue through at least the fourth
quarter, while the 2012 2013 U.S. budgets for National Institutes of Health and
other related agencies are determined, Flatley added. The company believes that
revenue for the fourth quarter will be higher than the third quarter, but it
suspended its previous guidance for a revenue increase of 24% to 26%, implying
annual revenue between $1.12 billion and $1.14 billion. Wall Street was
expecting full-year revenue of $1.14 billion, with estimates ranging from $1.12
billion to $1.17 billion. Illumina's announcement seems to be having a ripple
effect in the industry. Competitors Affymetrix (Nasdaq: AFFX ) and Life
Technologies (Nasdaq: LIFE ) also get 20-40% of their revenue from U.S.
government-backed research, and a budget squeeze is likely to affect their
performances, too. That's probably the reason their shares are down 5% and 6%,
respectively, this morning. Back in April, we noted that one analyst likened
Illumina to Apple (Nasdaq: AAPL ) for the company's ability to replace its
products before they become stale. It looks like that assessment might have been
somewhat premature.
Top 10 Most Profitable Leisure Products Stocks: CYOU, GAME, ATVI, BYI, MAT, GRVY, RGR, HAS, KID, PII (Oct 07, 2011)
Below are the top 10 most profitable Leisure Products stocks for the last 12
months. Two Chinese companies (CYOU, GAME) are on the list. Changyou.com
Limited(ADR) (NASDAQ:CYOU) is the 1st most profitable stock in this segment of
the market. Its net profit margin was 52.84% for the last 12 months. Its
operating profit margin was 60.81% for the same period. Shanda Games
Limited(ADR) (NASDAQ:GAME) is the 2nd most profitable stock in this segment of
the market. Its net profit margin was 26.86% for the last 12 months. Its
operating profit margin was 27.85% for the same period. Activision Blizzard,
Inc. (NASDAQ:ATVI) is the 3rd most profitable stock in this segment of the
market. Its net profit margin was 13.76% for the last 12 months. Its operating
profit margin was 16.76% for the same period. Bally Technologies Inc. (NYSE:BYI)
is the 4th most profitable stock in this segment of the market. Its net profit
margin was 12.95% for the last 12 months. Its operating profit margin was 19.44%
for the same period. Mattel, Inc. (NASDAQ:MAT) is the 5th most profitable stock
in this segment of the market. Its net profit margin was 11.62% for the last 12
months. Its operating profit margin was 15.37% for the same period. Gravity Co.,
LTD. (ADR) (NASDAQ:GRVY) is the 6th most profitable stock in this segment of the
market. Its net profit margin was 11.35% for the last 12 months. Its operating
profit margin was 15.44% for the same period. Sturm, Ruger & Company (NYSE:RGR)
is the 7th most profitable stock in this segment of the market. Its net profit
margin was 10.99% for the last 12 months. Its operating profit margin was 17.07%
for the same period. Hasbro, Inc. (NASDAQ:HAS) is the 8th most profitable stock
in this segment of the market. Its net profit margin was 8.88% for the last 12
months. Its operating profit margin was 13.62% for the same period. Kid Brands
Inc (NYSE:KID) is the 9th most profitable stock in this segment of the market.
Its net profit margin was 8.46% for the last 12 months. Its operating profit
margin was 3.85% for the same period. Polaris Industries Inc. (NYSE:PII) is the
10th most profitable stock in this segment of the market. Its net profit margin
was 8.44% for the last 12 months. Its operating profit margin was 12.47% for the
same period.
months. Two Chinese companies (CYOU, GAME) are on the list. Changyou.com
Limited(ADR) (NASDAQ:CYOU) is the 1st most profitable stock in this segment of
the market. Its net profit margin was 52.84% for the last 12 months. Its
operating profit margin was 60.81% for the same period. Shanda Games
Limited(ADR) (NASDAQ:GAME) is the 2nd most profitable stock in this segment of
the market. Its net profit margin was 26.86% for the last 12 months. Its
operating profit margin was 27.85% for the same period. Activision Blizzard,
Inc. (NASDAQ:ATVI) is the 3rd most profitable stock in this segment of the
market. Its net profit margin was 13.76% for the last 12 months. Its operating
profit margin was 16.76% for the same period. Bally Technologies Inc. (NYSE:BYI)
is the 4th most profitable stock in this segment of the market. Its net profit
margin was 12.95% for the last 12 months. Its operating profit margin was 19.44%
for the same period. Mattel, Inc. (NASDAQ:MAT) is the 5th most profitable stock
in this segment of the market. Its net profit margin was 11.62% for the last 12
months. Its operating profit margin was 15.37% for the same period. Gravity Co.,
LTD. (ADR) (NASDAQ:GRVY) is the 6th most profitable stock in this segment of the
market. Its net profit margin was 11.35% for the last 12 months. Its operating
profit margin was 15.44% for the same period. Sturm, Ruger & Company (NYSE:RGR)
is the 7th most profitable stock in this segment of the market. Its net profit
margin was 10.99% for the last 12 months. Its operating profit margin was 17.07%
for the same period. Hasbro, Inc. (NASDAQ:HAS) is the 8th most profitable stock
in this segment of the market. Its net profit margin was 8.88% for the last 12
months. Its operating profit margin was 13.62% for the same period. Kid Brands
Inc (NYSE:KID) is the 9th most profitable stock in this segment of the market.
Its net profit margin was 8.46% for the last 12 months. Its operating profit
margin was 3.85% for the same period. Polaris Industries Inc. (NYSE:PII) is the
10th most profitable stock in this segment of the market. Its net profit margin
was 8.44% for the last 12 months. Its operating profit margin was 12.47% for the
same period.
Top 10 Most Profitable Home Building/Services Stocks: DEER, CSNH, UMH, TPX, XIN, NPK, MIDD, HELE, TUP, CVCO (Oct 07, 2011)
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tdp2664 China Analyst Below are the top 10 most profitable Home Building/Services stocks for the last 12 months. Three Chinese companies (DEER, CSNH, XIN) are on the list. Deer Consumer Products, Inc. (NASDAQ:DEER) is the 1st most profitable stock in this segment of the market. Its net profit margin was 16.94% for the last 12 months. Its operating profit margin was 20.48% for the same period. China Shandong Industries Inc (NASDAQ:CSNH) is the 2nd most profitable stock in this segment of the market. Its net profit margin was 16.87% for the last 12 months. Its operating profit margin was 23.42% for the same period. UMH Properties, Inc (AMEX:UMH) is the 3rd most profitable stock in this segment of the market. Its net profit margin was 15.49% for the last 12 months. Its operating profit margin was 8.59% for the same period. Tempur-Pedic International Inc. (NYSE:TPX) is the 4th most profitable stock in this segment of the market. Its net profit margin was 15.27% for the last 12 months. Its operating profit margin was 23.71% for the same period. Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is the 5th most profitable stock in this segment of the market. Its net profit margin was 14.07% for the last 12 months. Its operating profit margin was 22.35% for the same period. National Presto Industries Inc. (NYSE:NPK) is the 6th most profitable stock in this segment of the market. Its net profit margin was 12.44% for the last 12 months. Its operating profit margin was 18.87% for the same period. The Middleby Corporation (NASDAQ:MIDD) is the 7th most profitable stock in this segment of the market. Its net profit margin was 10.15% for the last 12 months. Its operating profit margin was 17.12% for the same period. Helen of Troy Limited (NASDAQ:HELE) is the 8th most profitable stock in this segment of the market. Its net profit margin was 10.06% for the last 12 months. Its operating profit margin was 12.35% for the same period. Tupperware Brands Corporation (NYSE:TUP) is the 9th most profitable stock in this segment of the market. Its net profit margin was 9.72% for the last 12 months. Its operating profit margin was 14.70% for the same period. Cavco Industries, Inc. (NASDAQ:CVCO) is the 10th most profitable stock in this segment of the market. Its net profit margin was 9.26% for the last 12 months. Its operating profit margin was 8.81% for the same period.
Top 10 Most Profitable Ground Transportation Stocks: PSA, CNI, NSC, UNP, CSX, EXR, HTLD, GWR, GSH, KSU (Oct 07, 2011)
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tdp2664 China Analyst Below are the top 10 most profitable Ground Transportation stocks for the last 12 months. One Chinese company (GSH) is on the list. Public Storage (NYSE:PSA) is the 1st most profitable stock in this segment of the market. Its net profit margin was 50.37% for the last 12 months. Its operating profit margin was 42.72% for the same period. Canadian National Railway (USA) (NYSE:CNI) is the 2nd most profitable stock in this segment of the market. Its net profit margin was 26.39% for the last 12 months. Its operating profit margin was 36.43% for the same period. Norfolk Southern Corp. (NYSE:NSC) is the 3rd most profitable stock in this segment of the market. Its net profit margin was 16.73% for the last 12 months. Its operating profit margin was 27.70% for the same period. Union Pacific Corporation (NYSE:UNP) is the 4th most profitable stock in this segment of the market. Its net profit margin was 16.39% for the last 12 months. Its operating profit margin was 28.83% for the same period. CSX Corporation (NYSE:CSX) is the 5th most profitable stock in this segment of the market. Its net profit margin was 15.42% for the last 12 months. Its operating profit margin was 29.78% for the same period. Extra Space Storage, Inc. (NYSE:EXR) is the 6th most profitable stock in this segment of the market. Its net profit margin was 14.42% for the last 12 months. Its operating profit margin was 32.60% for the same period. Heartland Express, Inc. (NASDAQ:HTLD) is the 7th most profitable stock in this segment of the market. Its net profit margin was 13.63% for the last 12 months. Its operating profit margin was 20.74% for the same period. Genesee & Wyoming Inc. (NYSE:GWR) is the 8th most profitable stock in this segment of the market. Its net profit margin was 13.09% for the last 12 months. Its operating profit margin was 21.00% for the same period. Guangshen Railway Co. Ltd (ADR) (NYSE:GSH) is the 9th most profitable stock in this segment of the market. Its net profit margin was 12.61% for the last 12 months. Its operating profit margin was 18.14% for the same period. Kansas City Southern (NYSE:KSU) is the 10th most profitable stock in this segment of the market. Its net profit margin was 12.59% for the last 12 months. Its operating profit margin was 25.73% for the same period.
Gold, Silver Futures Snap 4-Week Losing Skids
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DG365FD46564GFH654FU898 Gold and futures declined on Friday, but each still managed to close in positive territory for the week. COMEX gold for December 2011 delivery slid $17.40, or 1.1%, to $1,635.80 per ounce amid widespread weakness in commodities following Fitch’s downgrade of Italy and Spain’s sovereign debt ratings. Despite the sell-off, gold futures posted a weekly gain of $13.50, or 0.8%.
The Highs and Lows of Apple — Friday’s IP Market Recap
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tdp2664 InvestorPlace The past week, good and bad, belonged to Apple ( NASDAQ : AAPL ). The week started with the fever pitch building to the expected release of the iPhone 5 — the unveiling of the newest in a line of iconic smartphones was one of the most widely anticipated product reveals for the company, and it was thought to be one of the most important . What transpired Tuesday was a confusing end-around that defied most rumors in the prologue — the unveiling of the iPhone 4S , which contained all the features expected out of the iPhone 5, minus the all-important gap-up in number. Yet this small nuance was considered to be a flub by many, and it was joined by a truly laughable faux pas — the introduction of the ill-named voice-command app Siri , which flummoxed Japanese Internet searches for days. All of this was rendered insignificant in scale Wednesday, when Apple co-founder and former CEO Steve Jobs died at age 56 after fighting a long battle against pancreatic cancer. While consumers lost the innovator that brought numerous game-changing gadgets to life , the business world suffered the loss of one of its greatest leaders . The Next Thing In TV A possible technological advancement that caught legs this week was indirectly tied to Steve Jobs — the next brainchild of his business rival, Bill Gates' Microsoft ( NASDAQ : MSFT ), is a joining between a traditional video game console, streaming video and cable corporations. This week, Microsoft announced some of its partners in its venture to provide television through its Xbox 360 game console, including cable giants Verizon (NYSE: VZ ), Comcast ( NASDAQ : CMCSA ) and Time Warner (NYSE: TWX ). Microsoft’s stock has answered in kind, up 5.46% in the past five days to finish the week at $26.25. For now, the system is a hodgepodge of single channels and subscription services, but it threatens to become much more than just an accompanying streaming service to a mobile device — Xbox 360 could be the next set-top box. Kodak Survives — For Now On Monday, Eastman Kodak (NYSE: EK ) shares rebounded after it dispelled rumors that it was filing for bankruptcy . But the once-great photography company is far from out of the water, its shares down almost 75% year-to-date, and with no end in sight to its problems. Traditional cameras are all but a thing of the past, and cheaper, lower-quality cameras are being left on shelves as smartphones' cameras continue to improve, leaving only a market of high-end digital cameras to fight over. It's alive for now, but at $1.39 per share — up 25% from the start of the week — Kodak seems destined to become one of several iconic American companies heading the way of the dodo . Three Up Cree (NASDAQ: CREE ): Up 5.88% ($1.55) to $27.91. Dish Network (NASDAQ: DISH ): Up 4.47% ($1.12) to $26.18. Avis Budget (NASDAQ: CAR ): Up 3.31% (34 cents) to $10.61. Three Down Sprint Nextel (NYSE: S ): Down 19.93% (60 cents) to $2.41. Agilent Technologies (NYSE: A ): Down 6.47% ($2.17) to $31.37. UBS (NYSE: UBS ): Down 6.23% (75 cents) to $11.28. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks.
Nuvilex Inc (NVLX) Shares Slid 2.15% On High Volume
XCSFDHG46767FHJHJF
tdp2664 Epic Stock Picks Nuvilex Inc
Top 10 Most Profitable Home Building/Services Stocks: DEER, CSNH, UMH, TPX, XIN, NPK, MIDD, HELE, TUP, CVCO (Oct 07, 2011)
Below are the top 10 most profitable Home Building/Services stocks for the last
12 months. Three Chinese companies (DEER, CSNH, XIN) are on the list. Deer
Consumer Products, Inc. (NASDAQ:DEER) is the 1st most profitable stock in this
segment of the market. Its net profit margin was 16.94% for the last 12 months.
Its operating profit margin was 20.48% for the same period. China Shandong
Industries Inc (NASDAQ:CSNH) is the 2nd most profitable stock in this segment of
the market. Its net profit margin was 16.87% for the last 12 months. Its
operating profit margin was 23.42% for the same period. UMH Properties, Inc
(AMEX:UMH) is the 3rd most profitable stock in this segment of the market. Its
net profit margin was 15.49% for the last 12 months. Its operating profit margin
was 8.59% for the same period. Tempur-Pedic International Inc. (NYSE:TPX) is the
4th most profitable stock in this segment of the market. Its net profit margin
was 15.27% for the last 12 months. Its operating profit margin was 23.71% for
the same period. Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is the 5th most
profitable stock in this segment of the market. Its net profit margin was 14.07%
for the last 12 months. Its operating profit margin was 22.35% for the same
period. National Presto Industries Inc. (NYSE:NPK) is the 6th most profitable
stock in this segment of the market. Its net profit margin was 12.44% for the
last 12 months. Its operating profit margin was 18.87% for the same period. The
Middleby Corporation (NASDAQ:MIDD) is the 7th most profitable stock in this
segment of the market. Its net profit margin was 10.15% for the last 12 months.
Its operating profit margin was 17.12% for the same period. Helen of Troy
Limited (NASDAQ:HELE) is the 8th most profitable stock in this segment of the
market. Its net profit margin was 10.06% for the last 12 months. Its operating
profit margin was 12.35% for the same period. Tupperware Brands Corporation
(NYSE:TUP) is the 9th most profitable stock in this segment of the market. Its
net profit margin was 9.72% for the last 12 months. Its operating profit margin
was 14.70% for the same period. Cavco Industries, Inc. (NASDAQ:CVCO) is the 10th
most profitable stock in this segment of the market. Its net profit margin was
9.26% for the last 12 months. Its operating profit margin was 8.81% for the same
period.
12 months. Three Chinese companies (DEER, CSNH, XIN) are on the list. Deer
Consumer Products, Inc. (NASDAQ:DEER) is the 1st most profitable stock in this
segment of the market. Its net profit margin was 16.94% for the last 12 months.
Its operating profit margin was 20.48% for the same period. China Shandong
Industries Inc (NASDAQ:CSNH) is the 2nd most profitable stock in this segment of
the market. Its net profit margin was 16.87% for the last 12 months. Its
operating profit margin was 23.42% for the same period. UMH Properties, Inc
(AMEX:UMH) is the 3rd most profitable stock in this segment of the market. Its
net profit margin was 15.49% for the last 12 months. Its operating profit margin
was 8.59% for the same period. Tempur-Pedic International Inc. (NYSE:TPX) is the
4th most profitable stock in this segment of the market. Its net profit margin
was 15.27% for the last 12 months. Its operating profit margin was 23.71% for
the same period. Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is the 5th most
profitable stock in this segment of the market. Its net profit margin was 14.07%
for the last 12 months. Its operating profit margin was 22.35% for the same
period. National Presto Industries Inc. (NYSE:NPK) is the 6th most profitable
stock in this segment of the market. Its net profit margin was 12.44% for the
last 12 months. Its operating profit margin was 18.87% for the same period. The
Middleby Corporation (NASDAQ:MIDD) is the 7th most profitable stock in this
segment of the market. Its net profit margin was 10.15% for the last 12 months.
Its operating profit margin was 17.12% for the same period. Helen of Troy
Limited (NASDAQ:HELE) is the 8th most profitable stock in this segment of the
market. Its net profit margin was 10.06% for the last 12 months. Its operating
profit margin was 12.35% for the same period. Tupperware Brands Corporation
(NYSE:TUP) is the 9th most profitable stock in this segment of the market. Its
net profit margin was 9.72% for the last 12 months. Its operating profit margin
was 14.70% for the same period. Cavco Industries, Inc. (NASDAQ:CVCO) is the 10th
most profitable stock in this segment of the market. Its net profit margin was
9.26% for the last 12 months. Its operating profit margin was 8.81% for the same
period.
The Highs and Lows of Apple — Friday’s IP Market Recap
The past week, good and bad, belonged to Apple (NASDAQ: AAPL ). The week
started with the fever pitch building to the expected release of the iPhone 5
the unveiling of the newest in a line of iconic smartphones was one of the most
widely anticipated product reveals for the company, and it was thought to be one
of the most important . What transpired Tuesday was a confusing end-around that
defied most rumors in the prologue the unveiling of the iPhone 4S , which
contained all the features expected out of the iPhone 5, minus the all-important
gap-up in number. Yet this small nuance was considered to be a flub by many, and
it was joined by a truly laughable faux pas the introduction of the ill-named
voice-command app Siri , which flummoxed Japanese Internet searches for days.
All of this was rendered insignificant in scale Wednesday, when Apple co-founder
and former CEO Steve Jobs died at age 56 after fighting a long battle against
pancreatic cancer. While consumers lost the innovator that brought numerous
game-changing gadgets to life , the business world suffered the loss of one of
its greatest leaders . The Next Thing In TV A possible technological advancement
that caught legs this week was indirectly tied to Steve Jobs the next
brainchild of his business rival, Bill Gates' Microsoft (NASDAQ: MSFT ), is a
joining between a traditional video game console, streaming video and cable
corporations. This week, Microsoft announced some of its partners in its venture
to provide television through its Xbox 360 game console, including cable giants
Verizon (NYSE: VZ ), Comcast (NASDAQ: CMCSA ) and Time Warner (NYSE: TWX ).
Microsofts stock has answered in kind, up 5.46% in the past five days to finish
the week at $26.25. For now, the system is a hodgepodge of single channels and
subscription services, but it threatens to become much more than just an
accompanying streaming service to a mobile device Xbox 360 could be the next
set-top box. Kodak Survives For Now On Monday, Eastman Kodak (NYSE: EK ) shares
rebounded after it dispelled rumors that it was filing for bankruptcy . But the
once-great photography company is far from out of the water, its shares down
almost 75% year-to-date, and with no end in sight to its problems. Traditional
cameras are all but a thing of the past, and cheaper, lower-quality cameras are
being left on shelves as smartphones' cameras continue to improve, leaving
only a market of high-end digital cameras to fight over. It's alive for now,
but at $1.39 per share up 25% from the start of the week Kodak seems destined
to become one of several iconic American companies heading the way of the dodo .
Three Up Cree (NASDAQ: CREE ): Up 5.88% ($1.55) to $27.91. Dish Network (NASDAQ:
DISH ): Up 4.47% ($1.12) to $26.18. Avis Budget (NASDAQ: CAR ): Up 3.31% (34
cents) to $10.61. Three Down Sprint Nextel (NYSE: S ): Down 19.93% (60 cents) to
$2.41. Agilent Technologies (NYSE: A ): Down 6.47% ($2.17) to $31.37. UBS (NYSE:
UBS ): Down 6.23% (75 cents) to $11.28. As of this writing, Kyle Woodley did not
own a position in any of the aforementioned stocks.
started with the fever pitch building to the expected release of the iPhone 5
the unveiling of the newest in a line of iconic smartphones was one of the most
widely anticipated product reveals for the company, and it was thought to be one
of the most important . What transpired Tuesday was a confusing end-around that
defied most rumors in the prologue the unveiling of the iPhone 4S , which
contained all the features expected out of the iPhone 5, minus the all-important
gap-up in number. Yet this small nuance was considered to be a flub by many, and
it was joined by a truly laughable faux pas the introduction of the ill-named
voice-command app Siri , which flummoxed Japanese Internet searches for days.
All of this was rendered insignificant in scale Wednesday, when Apple co-founder
and former CEO Steve Jobs died at age 56 after fighting a long battle against
pancreatic cancer. While consumers lost the innovator that brought numerous
game-changing gadgets to life , the business world suffered the loss of one of
its greatest leaders . The Next Thing In TV A possible technological advancement
that caught legs this week was indirectly tied to Steve Jobs the next
brainchild of his business rival, Bill Gates' Microsoft (NASDAQ: MSFT ), is a
joining between a traditional video game console, streaming video and cable
corporations. This week, Microsoft announced some of its partners in its venture
to provide television through its Xbox 360 game console, including cable giants
Verizon (NYSE: VZ ), Comcast (NASDAQ: CMCSA ) and Time Warner (NYSE: TWX ).
Microsofts stock has answered in kind, up 5.46% in the past five days to finish
the week at $26.25. For now, the system is a hodgepodge of single channels and
subscription services, but it threatens to become much more than just an
accompanying streaming service to a mobile device Xbox 360 could be the next
set-top box. Kodak Survives For Now On Monday, Eastman Kodak (NYSE: EK ) shares
rebounded after it dispelled rumors that it was filing for bankruptcy . But the
once-great photography company is far from out of the water, its shares down
almost 75% year-to-date, and with no end in sight to its problems. Traditional
cameras are all but a thing of the past, and cheaper, lower-quality cameras are
being left on shelves as smartphones' cameras continue to improve, leaving
only a market of high-end digital cameras to fight over. It's alive for now,
but at $1.39 per share up 25% from the start of the week Kodak seems destined
to become one of several iconic American companies heading the way of the dodo .
Three Up Cree (NASDAQ: CREE ): Up 5.88% ($1.55) to $27.91. Dish Network (NASDAQ:
DISH ): Up 4.47% ($1.12) to $26.18. Avis Budget (NASDAQ: CAR ): Up 3.31% (34
cents) to $10.61. Three Down Sprint Nextel (NYSE: S ): Down 19.93% (60 cents) to
$2.41. Agilent Technologies (NYSE: A ): Down 6.47% ($2.17) to $31.37. UBS (NYSE:
UBS ): Down 6.23% (75 cents) to $11.28. As of this writing, Kyle Woodley did not
own a position in any of the aforementioned stocks.
Nuance Takes a $102 Million Swipe at Swype
Through an aggressive strategy of acquisitions, Nuance (NASDAQ: NUAN ) has
built a strong platform of voice-technology systems. And investors have taken
note. So far this year, NUAN shares are up nearly 12%. So what's next? Nuance
has struck yet another interesting deal: the $102.5 million purchase of Swype.
Swype developed technology that allows you to slide your finger or stylus across
a touchscreens keyboard interface to input text. If you haven't used it
before, the process seems a bit strange and even awkward. But it actually can
mean typing at more than 40 words per minute not bad for a touchscreen. Swype
requires incredibly complex algorithms and is based on years of academic
research. Its creator is Cliff Kushler, who started Swype in 2002. Kushler is a
pioneer in mobile input technology, having created the T9 system for mobile
phones that allows for predictive text input. More than 2 billion cell phones
use this technology. Now Swype is getting lots of traction in the marketplace.
By the end of the year, Swype is expected to be installed on more than 100
million devices. A big driver has been Google 's (NASDAQ: GOOG ) Android
smartphones and tablets. However, the biggest boost is likely to come from Apple
(NASDAQ: AAPL ), which is moving to alternative input approaches. To this end,
the iPhone 4s uses Siri, which allows for voice-activated commands. And there is
buzz that this technology uses software from Nuance, which has an extensive
patent portfolio in the category. Voice activation or not, the keyboard should
remain a critical part of the mobile experience (try using voice-activation in a
noisy room!). Thus, mobile devices should be enhanced with innovations like
Swype. Meaning Nuance now is in a greater position to benefit from the latest
trends in the mobile world. Tom Taulli is the author of "All About Short
Selling" and "All About Commodities." You can also find him at Twitter
account @ttaulli. He does not own a position in any of the stocks named here.
built a strong platform of voice-technology systems. And investors have taken
note. So far this year, NUAN shares are up nearly 12%. So what's next? Nuance
has struck yet another interesting deal: the $102.5 million purchase of Swype.
Swype developed technology that allows you to slide your finger or stylus across
a touchscreens keyboard interface to input text. If you haven't used it
before, the process seems a bit strange and even awkward. But it actually can
mean typing at more than 40 words per minute not bad for a touchscreen. Swype
requires incredibly complex algorithms and is based on years of academic
research. Its creator is Cliff Kushler, who started Swype in 2002. Kushler is a
pioneer in mobile input technology, having created the T9 system for mobile
phones that allows for predictive text input. More than 2 billion cell phones
use this technology. Now Swype is getting lots of traction in the marketplace.
By the end of the year, Swype is expected to be installed on more than 100
million devices. A big driver has been Google 's (NASDAQ: GOOG ) Android
smartphones and tablets. However, the biggest boost is likely to come from Apple
(NASDAQ: AAPL ), which is moving to alternative input approaches. To this end,
the iPhone 4s uses Siri, which allows for voice-activated commands. And there is
buzz that this technology uses software from Nuance, which has an extensive
patent portfolio in the category. Voice activation or not, the keyboard should
remain a critical part of the mobile experience (try using voice-activation in a
noisy room!). Thus, mobile devices should be enhanced with innovations like
Swype. Meaning Nuance now is in a greater position to benefit from the latest
trends in the mobile world. Tom Taulli is the author of "All About Short
Selling" and "All About Commodities." You can also find him at Twitter
account @ttaulli. He does not own a position in any of the stocks named here.
Expedia’s Stock is Traveling on Standby
The Internet revolution did more than create amazing new business models it
killed several old ones. In the old days, you had to call a travel agent, hotel,
rental car company or airline directly to book a reservation. Then the Internet
came along, and with it came aggregation of travel bookings via websites like
Expedia (NASDAQ: EXPE ). Travel agents at all budget levels saw their business
vanish. Airlines closed down ticketing offices. Customer service phone centers
were sent abroad. Companies like Expedia made a lot of money. The questions are:
Do they still? And will they continue to do so? The Expedia brand has since
expanded to include Hotels.com, Hotwire.com, the TripAdvisor Media Network,
Expedia Affiliate Network, Classic Vacations, Expedia Local Expert, Expedia
CruiseShipCenters, Egenciatm, eLong, Inc., and Venere Net SpA. The key word here
is brand. Expedia, like Priceline.com (NASDAQ: PCLN ), has become a household
name. It is the go-to website to purchase travel. That brand name has a lot of
power behind it. But dont mistake that for invincibility. All thats required to
knock Expedia off its perch is a better user experience. How long before Google
Travel becomes a reality? Maybe never. But maybe is a tough word to hang a
business model on. Expedia poses another huge potential risk. The 2008 financial
crisis devastated the travel and leisure industry. The decline in revenues went
across the board. The cuts went deep, even deeper than post-9/11. Thats why
Expedia lost a whopping $2.5 billion in 2008. If we are headed for a double-dip
recession, Expedia will get slammed again, and slammed hard.
killed several old ones. In the old days, you had to call a travel agent, hotel,
rental car company or airline directly to book a reservation. Then the Internet
came along, and with it came aggregation of travel bookings via websites like
Expedia (NASDAQ: EXPE ). Travel agents at all budget levels saw their business
vanish. Airlines closed down ticketing offices. Customer service phone centers
were sent abroad. Companies like Expedia made a lot of money. The questions are:
Do they still? And will they continue to do so? The Expedia brand has since
expanded to include Hotels.com, Hotwire.com, the TripAdvisor Media Network,
Expedia Affiliate Network, Classic Vacations, Expedia Local Expert, Expedia
CruiseShipCenters, Egenciatm, eLong, Inc., and Venere Net SpA. The key word here
is brand. Expedia, like Priceline.com (NASDAQ: PCLN ), has become a household
name. It is the go-to website to purchase travel. That brand name has a lot of
power behind it. But dont mistake that for invincibility. All thats required to
knock Expedia off its perch is a better user experience. How long before Google
Travel becomes a reality? Maybe never. But maybe is a tough word to hang a
business model on. Expedia poses another huge potential risk. The 2008 financial
crisis devastated the travel and leisure industry. The decline in revenues went
across the board. The cuts went deep, even deeper than post-9/11. Thats why
Expedia lost a whopping $2.5 billion in 2008. If we are headed for a double-dip
recession, Expedia will get slammed again, and slammed hard.
Investors Should be Suspicious of False Hope
Take a look at the chart below and you cant help but wonder if this bounce is
doomed to fail like the previous four September/October fake-out rallies. Since
the Aug. 9 lows, the S&P 500, along with the Dow and Nasdaq, has staged four
seemingly powerful rallies. Each time, the S&P 500 gained about 100 points. Each
time, the S&P 500 erased all or nearly all the gains and ultimately fell to new
lows. Just last week, stocks rallied on Monday and Tuesday (Sept. 26 and 27).
The media got all giddy, and after Mondays (Sept. 26) close, the Associated
Press claimed that Stocks jump on hopes for a Europe fix. On Tuesday (Sept. 27),
Reuters reported that Stocks pop on Europe hope. The S&P tumbled 120 points from
Reuters hope-filled Tuesday headline to this weeks lows. Yesterday, once again,
the AP exclaimed that Stocks rise on hopes for European banks. Is this bounce
just another fake? Hopium Doesnt Work Hope is not an investment strategy, and
those smoking hopium a week ago were in for a big bad Greek surprise. Sundays
(Sept. 25) ETF Profit Strategy update clearly stated that Following this bounce
we are expecting a new low and will re-enter short positions against 1,148,
1,173 or after a break below 1,121. It is prudent to scale out of short
positions between 1,100 1,088. Fake vs. Real Low The chart above shows why the
Aug. 9 low at S&P 1,102 was unlikely to be the real low sentiment was simply
too bullish. The Aug. 14 ETF Profit Strategy update stated that When the dumb
money feels now is a buying opportunity, we should be suspicious. In fact purely
based on sentiment, we should probably expect a reversal to the downside. Real
bottoms occur when investors are deeply bearish, not bullish. As the chart
shows, investors were much more bearish at this weeks low.
doomed to fail like the previous four September/October fake-out rallies. Since
the Aug. 9 lows, the S&P 500, along with the Dow and Nasdaq, has staged four
seemingly powerful rallies. Each time, the S&P 500 gained about 100 points. Each
time, the S&P 500 erased all or nearly all the gains and ultimately fell to new
lows. Just last week, stocks rallied on Monday and Tuesday (Sept. 26 and 27).
The media got all giddy, and after Mondays (Sept. 26) close, the Associated
Press claimed that Stocks jump on hopes for a Europe fix. On Tuesday (Sept. 27),
Reuters reported that Stocks pop on Europe hope. The S&P tumbled 120 points from
Reuters hope-filled Tuesday headline to this weeks lows. Yesterday, once again,
the AP exclaimed that Stocks rise on hopes for European banks. Is this bounce
just another fake? Hopium Doesnt Work Hope is not an investment strategy, and
those smoking hopium a week ago were in for a big bad Greek surprise. Sundays
(Sept. 25) ETF Profit Strategy update clearly stated that Following this bounce
we are expecting a new low and will re-enter short positions against 1,148,
1,173 or after a break below 1,121. It is prudent to scale out of short
positions between 1,100 1,088. Fake vs. Real Low The chart above shows why the
Aug. 9 low at S&P 1,102 was unlikely to be the real low sentiment was simply
too bullish. The Aug. 14 ETF Profit Strategy update stated that When the dumb
money feels now is a buying opportunity, we should be suspicious. In fact purely
based on sentiment, we should probably expect a reversal to the downside. Real
bottoms occur when investors are deeply bearish, not bullish. As the chart
shows, investors were much more bearish at this weeks low.
Gold, Silver Futures Snap 4-Week Losing Skids
Gold and futures declined on Friday, but each still managed to close in
positive territory for the week. COMEX gold for December 2011 delivery slid
$17.40, or 1.1%, to $1,635.80 per ounce amid widespread weakness in commodities
following Fitchs downgrade of Italy and Spains sovereign debt ratings. Despite
the sell-off, gold futures posted a weekly gain of $13.50, or 0.8%.
positive territory for the week. COMEX gold for December 2011 delivery slid
$17.40, or 1.1%, to $1,635.80 per ounce amid widespread weakness in commodities
following Fitchs downgrade of Italy and Spains sovereign debt ratings. Despite
the sell-off, gold futures posted a weekly gain of $13.50, or 0.8%.
Costco Wholesale (NASDAQ:COST) Upping Members Fees
Costco Wholesale (NASDAQ:COST) has decided to raise its membership fees. Costco
Wholesale (NASDAQ:COST) Upping Members Fees Starting next month, Issaquah based
Costco Wholesale (NASDAQ:COST) is planning to increase its annual membership
fees by 10 per cent for 22 million members. Costco Wholesale (NASDAQ:COST) has
not raised its main fees since 2006. Sanford Bernstein analyst Colin Mc-Granahan
said, "Costco Wholesale (NASDAQ:COST) was very reluctant to take a membership
fee increase, which is essentially inflation of the membership fee, when their
core customer was already dealing with a lot of inflation." Costco Wholesale
(NASDAQ:COST) shares were at 79.2 at the end of the last days trading. Theres
been a -3.5% movement in the stock price over the past 3 months. Costco
Wholesale (NASDAQ:COST) Analyst Advice Consensus Opinion: Hold Mean
recommendation: 2.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.2 Zacks Rank:
7 out of 15 in the industry
Wholesale (NASDAQ:COST) Upping Members Fees Starting next month, Issaquah based
Costco Wholesale (NASDAQ:COST) is planning to increase its annual membership
fees by 10 per cent for 22 million members. Costco Wholesale (NASDAQ:COST) has
not raised its main fees since 2006. Sanford Bernstein analyst Colin Mc-Granahan
said, "Costco Wholesale (NASDAQ:COST) was very reluctant to take a membership
fee increase, which is essentially inflation of the membership fee, when their
core customer was already dealing with a lot of inflation." Costco Wholesale
(NASDAQ:COST) shares were at 79.2 at the end of the last days trading. Theres
been a -3.5% movement in the stock price over the past 3 months. Costco
Wholesale (NASDAQ:COST) Analyst Advice Consensus Opinion: Hold Mean
recommendation: 2.2 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.2 Zacks Rank:
7 out of 15 in the industry
Top 10 Most Profitable Ground Transportation Stocks: PSA, CNI, NSC, UNP, CSX, EXR, HTLD, GWR, GSH, KSU (Oct 07, 2011)
Below are the top 10 most profitable Ground Transportation stocks for the last
12 months. One Chinese company (GSH) is on the list. Public Storage (NYSE:PSA)
is the 1st most profitable stock in this segment of the market. Its net profit
margin was 50.37% for the last 12 months. Its operating profit margin was 42.72%
for the same period. Canadian National Railway (USA) (NYSE:CNI) is the 2nd most
profitable stock in this segment of the market. Its net profit margin was 26.39%
for the last 12 months. Its operating profit margin was 36.43% for the same
period. Norfolk Southern Corp. (NYSE:NSC) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 16.73% for the last 12
months. Its operating profit margin was 27.70% for the same period. Union
Pacific Corporation (NYSE:UNP) is the 4th most profitable stock in this segment
of the market. Its net profit margin was 16.39% for the last 12 months. Its
operating profit margin was 28.83% for the same period. CSX Corporation
(NYSE:CSX) is the 5th most profitable stock in this segment of the market. Its
net profit margin was 15.42% for the last 12 months. Its operating profit margin
was 29.78% for the same period. Extra Space Storage, Inc. (NYSE:EXR) is the 6th
most profitable stock in this segment of the market. Its net profit margin was
14.42% for the last 12 months. Its operating profit margin was 32.60% for the
same period. Heartland Express, Inc. (NASDAQ:HTLD) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 13.63% for the
last 12 months. Its operating profit margin was 20.74% for the same period.
Genesee & Wyoming Inc. (NYSE:GWR) is the 8th most profitable stock in this
segment of the market. Its net profit margin was 13.09% for the last 12 months.
Its operating profit margin was 21.00% for the same period. Guangshen Railway
Co. Ltd (ADR) (NYSE:GSH) is the 9th most profitable stock in this segment of the
market. Its net profit margin was 12.61% for the last 12 months. Its operating
profit margin was 18.14% for the same period. Kansas City Southern (NYSE:KSU) is
the 10th most profitable stock in this segment of the market. Its net profit
margin was 12.59% for the last 12 months. Its operating profit margin was 25.73%
for the same period.
12 months. One Chinese company (GSH) is on the list. Public Storage (NYSE:PSA)
is the 1st most profitable stock in this segment of the market. Its net profit
margin was 50.37% for the last 12 months. Its operating profit margin was 42.72%
for the same period. Canadian National Railway (USA) (NYSE:CNI) is the 2nd most
profitable stock in this segment of the market. Its net profit margin was 26.39%
for the last 12 months. Its operating profit margin was 36.43% for the same
period. Norfolk Southern Corp. (NYSE:NSC) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 16.73% for the last 12
months. Its operating profit margin was 27.70% for the same period. Union
Pacific Corporation (NYSE:UNP) is the 4th most profitable stock in this segment
of the market. Its net profit margin was 16.39% for the last 12 months. Its
operating profit margin was 28.83% for the same period. CSX Corporation
(NYSE:CSX) is the 5th most profitable stock in this segment of the market. Its
net profit margin was 15.42% for the last 12 months. Its operating profit margin
was 29.78% for the same period. Extra Space Storage, Inc. (NYSE:EXR) is the 6th
most profitable stock in this segment of the market. Its net profit margin was
14.42% for the last 12 months. Its operating profit margin was 32.60% for the
same period. Heartland Express, Inc. (NASDAQ:HTLD) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 13.63% for the
last 12 months. Its operating profit margin was 20.74% for the same period.
Genesee & Wyoming Inc. (NYSE:GWR) is the 8th most profitable stock in this
segment of the market. Its net profit margin was 13.09% for the last 12 months.
Its operating profit margin was 21.00% for the same period. Guangshen Railway
Co. Ltd (ADR) (NYSE:GSH) is the 9th most profitable stock in this segment of the
market. Its net profit margin was 12.61% for the last 12 months. Its operating
profit margin was 18.14% for the same period. Kansas City Southern (NYSE:KSU) is
the 10th most profitable stock in this segment of the market. Its net profit
margin was 12.59% for the last 12 months. Its operating profit margin was 25.73%
for the same period.
Venezuela Sets Timetable For Gold Repatriation
Venezuela Sets Timetable For Gold Repatriation Seeking Alpha - 2 hours ago Many
people have been wondering what ever happened to Hugo Chavezs demand for
physical delivery of all Venezuelan gold held in overseas banks. Reuters is
reporting that the scheduled deliveries ...
people have been wondering what ever happened to Hugo Chavezs demand for
physical delivery of all Venezuelan gold held in overseas banks. Reuters is
reporting that the scheduled deliveries ...
Todays Dow Jones Industrial Average DJIA Index DJX DJI, Nasdaq, S&P 500 Stock Market Investing News Mid-Day
U.S. economy on the rise? Stock futures indicated the lower open this morning
for stocks in the U.S. Investors on Wall Street were eagerly anticipating the
U.S. jobs report at this point. So far this week, positive momentum has been
building and the primary index composites in the U.S. closed out a majority of
this weeks sessions in the green. Additional positive momentum built in the
marketplace when the unemployment claims data posted better-than-expected
yesterday. As the trading session approached the halfway point in todays
session, the primary U.S. index composites were mixed. The DJIA was green at
mid-day but the Nasdaq and the S&P 500 were posting below break-even. Investors
were uplifted to hear that the U.S. economy added 103,000 jobs in September, but
investors continued to worry about the debt crisis in Europe and this worry
tempered optimism. The national unemployment rate was held in check and remained
at 9.1 percent. Primary Asian market indices finished their respective sessions
higher and European stocks were gaining as well. Halfway through the U.S.
session, the Dow Jones Industrial Average was higher by just over 51 points at
11,175.02. The Nasdaq was red by 15 points at 2,491.82. The S&P 500 was just red
at 1,163.93. Frank Matto
for stocks in the U.S. Investors on Wall Street were eagerly anticipating the
U.S. jobs report at this point. So far this week, positive momentum has been
building and the primary index composites in the U.S. closed out a majority of
this weeks sessions in the green. Additional positive momentum built in the
marketplace when the unemployment claims data posted better-than-expected
yesterday. As the trading session approached the halfway point in todays
session, the primary U.S. index composites were mixed. The DJIA was green at
mid-day but the Nasdaq and the S&P 500 were posting below break-even. Investors
were uplifted to hear that the U.S. economy added 103,000 jobs in September, but
investors continued to worry about the debt crisis in Europe and this worry
tempered optimism. The national unemployment rate was held in check and remained
at 9.1 percent. Primary Asian market indices finished their respective sessions
higher and European stocks were gaining as well. Halfway through the U.S.
session, the Dow Jones Industrial Average was higher by just over 51 points at
11,175.02. The Nasdaq was red by 15 points at 2,491.82. The S&P 500 was just red
at 1,163.93. Frank Matto
Ericsson Buyout Won’t Put Sony Over the Top
The grand unification of Sony (NYSE: SNE ) continues. A Friday report at The
Wall Street Journal said Sony is trying to buy out Ericsson (NASDAQ: ERIC ) from
their shared joint venture, mobile phone maker Sony Ericsson. Sony will pay an
estimated $1 billion to Ericsson, giving SNE control of both the company and its
full array of mobile technology patents, which analysts value somewhere between
$1.3 and $1.7 billion. With Sonys overall plans for the mobile technology
business which include advanced gaming devices, tablets and more media services
than you can shake a stick at its unsurprising that the company wants full
control over its smartphone enterprise. Still, it might be too late for Sony to
change the shape of that market with its own phones. At the moment, Sony is
preparing to release the PlayStation Vita handheld into the market, as well as
the PlayStation Suite a digital games service supported by Android phones and
tablets. It also recently entered the tablet game with the S1 and S2 tablets.
With Apple (NASDAQ: AAPL ) tightening its grip on the market, Google (NASDAQ:
GOOG ) repositioning itself as a manufacturing force by acquiring Motorola
(NYSE: MMI ), and Nokia (NYSE: NOK ) preparing to re-enter the market with
backing by Microsoft (NASDAQ: MSFT ), its difficult to imagine that Sony could
quickly and effectively take on the smartphone businesses with its own line of
handsets. Sonys resources have been placed in other developing mobile products,
and Sony Ericssons existing business has eroded to the point where it needs to
be completely restarted. Since Sony also has tied itself closely to the Android
platform, it needs to consider how to best leverage that operating system
without trying to live on the scraps left by Android phone makers like Samsung
(PINK: SSNLF ), HTC and Google itself in the future.
Wall Street Journal said Sony is trying to buy out Ericsson (NASDAQ: ERIC ) from
their shared joint venture, mobile phone maker Sony Ericsson. Sony will pay an
estimated $1 billion to Ericsson, giving SNE control of both the company and its
full array of mobile technology patents, which analysts value somewhere between
$1.3 and $1.7 billion. With Sonys overall plans for the mobile technology
business which include advanced gaming devices, tablets and more media services
than you can shake a stick at its unsurprising that the company wants full
control over its smartphone enterprise. Still, it might be too late for Sony to
change the shape of that market with its own phones. At the moment, Sony is
preparing to release the PlayStation Vita handheld into the market, as well as
the PlayStation Suite a digital games service supported by Android phones and
tablets. It also recently entered the tablet game with the S1 and S2 tablets.
With Apple (NASDAQ: AAPL ) tightening its grip on the market, Google (NASDAQ:
GOOG ) repositioning itself as a manufacturing force by acquiring Motorola
(NYSE: MMI ), and Nokia (NYSE: NOK ) preparing to re-enter the market with
backing by Microsoft (NASDAQ: MSFT ), its difficult to imagine that Sony could
quickly and effectively take on the smartphone businesses with its own line of
handsets. Sonys resources have been placed in other developing mobile products,
and Sony Ericssons existing business has eroded to the point where it needs to
be completely restarted. Since Sony also has tied itself closely to the Android
platform, it needs to consider how to best leverage that operating system
without trying to live on the scraps left by Android phone makers like Samsung
(PINK: SSNLF ), HTC and Google itself in the future.
Microsoft Corporation (NASDAQ:MSFT) Office 2007 SP3 Coming Soon
Microsoft Corporation (NASDAQ:MSFT) ready to release Office 2007 Service Pack
3. Microsoft Corporation (NASDAQ:MSFT) Office 2007 SP3 Coming Soon According to
people related to Microsoft Corporation (NASDAQ:MSFT), the company is planning
to release the third and likely final service pack (SP) for Office 2007 before
the end of the year. Microsoft Corporation (NASDAQ:MSFT) officials said that
"Service Pack 3 contains a roll-up of all 2007 Cumulative and Public Updates
since Service Pack 2 for Office client suites and applications as well as
SharePoint Servers, in addition to some new fixes for issues discovered during
the lifecycle of SP2. SP3 is much smaller than 2007 SP1, SP2 or the recently
released 2010 SP1. Microsoft Corporation (NASDAQ:MSFT) will provide
documentation detailing the changes and the affected packages on TechNet".
Microsoft Corp. (NASDAQ:MSFT) stocks were at 26.34 at the end of the last days
trading. Theres been a -1.6% change in the stock price over the past 3 months.
Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.77 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.84 Zacks
Rank: 21 out of 91 in the industry
3. Microsoft Corporation (NASDAQ:MSFT) Office 2007 SP3 Coming Soon According to
people related to Microsoft Corporation (NASDAQ:MSFT), the company is planning
to release the third and likely final service pack (SP) for Office 2007 before
the end of the year. Microsoft Corporation (NASDAQ:MSFT) officials said that
"Service Pack 3 contains a roll-up of all 2007 Cumulative and Public Updates
since Service Pack 2 for Office client suites and applications as well as
SharePoint Servers, in addition to some new fixes for issues discovered during
the lifecycle of SP2. SP3 is much smaller than 2007 SP1, SP2 or the recently
released 2010 SP1. Microsoft Corporation (NASDAQ:MSFT) will provide
documentation detailing the changes and the affected packages on TechNet".
Microsoft Corp. (NASDAQ:MSFT) stocks were at 26.34 at the end of the last days
trading. Theres been a -1.6% change in the stock price over the past 3 months.
Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.77 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.84 Zacks
Rank: 21 out of 91 in the industry
This Market Rally Could Be the Real Deal
Are the Europeans finally on their way to solving their bank problems? Stock
investors seemed to think so Thursday the Dow rocketed 183 points for the third
big daily gain in a row. Reportedly, EU governments are hammering out a plan to
bolster the capital cushion of Europes banks and are allowing the lenders to
shed toxic assets (presumably including Greek government bonds). At home,
investors took comfort, albeit modest, from the latest weekly report on initial
claims for jobless insurance . According to the Labor Department, claims rose
6,000 in the week ended Oct. 1 to a seasonally adjusted 401,000. While a figure
around 400,000 still indicates turtle-paced growth in the labor force, its
certainly better than 440,000 or 450,000, which would suggest an oncoming
economic slump. For now, at least, it doesnt look as if a double-dip recession
is imminent. Is this the Beginning of a Market Rally? OK, then. What about that
Q4 market rally Ive been predicting? Have we just witnessed the kickoff? Quite
possibly, Tuesdays intraday low was the final bottom for the correction dating
back to the April 29 high. However, if the European hopes prove false (again),
share prices could slip back just as quickly as theyve bounced. So, after the
brisk three-day run weve had, Im not inclined to chase most stocks higher.
investors seemed to think so Thursday the Dow rocketed 183 points for the third
big daily gain in a row. Reportedly, EU governments are hammering out a plan to
bolster the capital cushion of Europes banks and are allowing the lenders to
shed toxic assets (presumably including Greek government bonds). At home,
investors took comfort, albeit modest, from the latest weekly report on initial
claims for jobless insurance . According to the Labor Department, claims rose
6,000 in the week ended Oct. 1 to a seasonally adjusted 401,000. While a figure
around 400,000 still indicates turtle-paced growth in the labor force, its
certainly better than 440,000 or 450,000, which would suggest an oncoming
economic slump. For now, at least, it doesnt look as if a double-dip recession
is imminent. Is this the Beginning of a Market Rally? OK, then. What about that
Q4 market rally Ive been predicting? Have we just witnessed the kickoff? Quite
possibly, Tuesdays intraday low was the final bottom for the correction dating
back to the April 29 high. However, if the European hopes prove false (again),
share prices could slip back just as quickly as theyve bounced. So, after the
brisk three-day run weve had, Im not inclined to chase most stocks higher.
Gold, Silver Shares Slide as Metals Pare Gains
Gold and silver shares turned lower in late morning trading on Friday as
precious metals pared their gains. The Philadelphia Gold & Silver Index (XAU)
initially rose as much as 1.0% to 193.69, but later fell to an intra-day low of
189.07, for a 1.4% loss. COMEX gold futures, per the December contract, rallied
above $1,660 this morning but traded back near $1,650 as of 11:40am ET. Silver
futures followed a similar path, as they earlier rose to $32.85 but later traded
back near $32.10 per ounce. Notable decliners in the sector included XAU
components AngloGold Ashanti (AU), Kinross Gold (KGC), and Silver Wheaton (SLW)
which dropped 1.7%, 2.7%, and 2.2%, respectively. The broader U.S. equity
markets also surrendered their gains, with the S&P 500 Index dipping 0.2% to
1,163.15 after being higher by as much as 0.6% at 1,171.40.
precious metals pared their gains. The Philadelphia Gold & Silver Index (XAU)
initially rose as much as 1.0% to 193.69, but later fell to an intra-day low of
189.07, for a 1.4% loss. COMEX gold futures, per the December contract, rallied
above $1,660 this morning but traded back near $1,650 as of 11:40am ET. Silver
futures followed a similar path, as they earlier rose to $32.85 but later traded
back near $32.10 per ounce. Notable decliners in the sector included XAU
components AngloGold Ashanti (AU), Kinross Gold (KGC), and Silver Wheaton (SLW)
which dropped 1.7%, 2.7%, and 2.2%, respectively. The broader U.S. equity
markets also surrendered their gains, with the S&P 500 Index dipping 0.2% to
1,163.15 after being higher by as much as 0.6% at 1,171.40.
Google Inc. (NASDAQ:GOOG) To Track Mobiles
Google Inc. (NASDAQ:GOOG) has launched a mobile tracking service from mobile
landing pages. Google Inc. (NASDAQ:GOOG) To Track Mobiles Google Inc.
(NASDAQ:GOOG) has extended its AdWords mobile tracking service to mobile landing
pages to help small business and national advertisers to track calls made from
mobile devices. The company offers the service for free and the marketers can
use existing phone numbers or a call button to track the calls. Google Inc.
(NASDAQ:GOOG) said in a statement, "You can start using this new metric by
installing a snippet of code on your landing pages. Upon doing so, you can set
'calls' as a conversion metric to track on your landing page. Next, you can
air calls focused campaigns with tools like Conversion Optimizer, then bid by
setting a target CPA for calls, and ultimately automate ad serving to optimize
for calls". Google Inc. (NASDAQ:GOOG) company shares are currently standing at
514.71. Price History Last Price: 514.71 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 539.83 6 Month Price Change %: -11.3% 12 Month Price Change
%: -3.7%
landing pages. Google Inc. (NASDAQ:GOOG) To Track Mobiles Google Inc.
(NASDAQ:GOOG) has extended its AdWords mobile tracking service to mobile landing
pages to help small business and national advertisers to track calls made from
mobile devices. The company offers the service for free and the marketers can
use existing phone numbers or a call button to track the calls. Google Inc.
(NASDAQ:GOOG) said in a statement, "You can start using this new metric by
installing a snippet of code on your landing pages. Upon doing so, you can set
'calls' as a conversion metric to track on your landing page. Next, you can
air calls focused campaigns with tools like Conversion Optimizer, then bid by
setting a target CPA for calls, and ultimately automate ad serving to optimize
for calls". Google Inc. (NASDAQ:GOOG) company shares are currently standing at
514.71. Price History Last Price: 514.71 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 539.83 6 Month Price Change %: -11.3% 12 Month Price Change
%: -3.7%
Friday Apple Rumors — iPhone 4S (Sort of) Coming to T-Mobile in November
Here are your Apple rumors and news items for Friday: Unlocked iPhone 4S Makes
T-Mobile Users Smile in November: Buck up, T-Mobile customer, Apple (NASDAQ:
AAPL ) is still thinking about you. Although the new iPhone 4S is only
officially supported by AT&T (NYSE: T ), Verizon (NYSE: VZ ) and Sprint (NYSE: S
) here in the U.S., Apple will release an unlocked version of the model later
this year. A Friday report at Apple Insider said starting in November, consumers
will be able to purchase the unlocked phones for between $649 and $849,
depending on the amount of onboard memory. However, the unlocked phones cant be
used with Sprint or Verizons CDMA networks only GSM networks like those used by
AT&T and T-Mobile. T-Mobile claims that 1 million iPhone users already use
unlocked devices on its network . Apple Drops Toshiba for SanDisk in New iPods:
Apple quietly announced a new iPod Nano media player during its Tuesday press
conference. The new compact player isnt spectacularly different than its
predecessor, with the exception of its innards. A report at iFixit (via 9 to 5
Mac ) found that the Toshiba-made flash memory storage used in previous iPod
Nanos had been replaced by flash drives made by SanDisk (NASDAQ: SNDK ). This
means little to consumers, but investors that follow the ebb and flow of where
Apple buys its components know the switch to SanDisk for these flash drives
marks a shift in where Apples funds are directed. DigiTimes reported in
September that Apple was shifting its sourcing of NAND flash memory to Japanese
manufacturers like Toshiba rather than Korea-based Samsung (PINK: SSNLF ), which
it relied on in the past. iPhone 5 Overseen by Jobs: Steve Jobs death will not
fully close his career with Apple. The iPhone 5 expected to release in 2012 will
be one of the last devices from the Cupertino, Calif.-based company overseen by
the visionary technologist. According to a Thursday Reuters report (via Mac
Rumors ), Jobs role in the creation of the next iPhone was confirmed by Softbank
(PINK: SFTBF ) president Masayoshi Son. The telecom president said in an
interview that Jobs work will come out to the world even after his death. As of
this writing, Anthony John Agnello did not own a position in any of the
aforementioned stocks. Follow him on Twitter at
T-Mobile Users Smile in November: Buck up, T-Mobile customer, Apple (NASDAQ:
AAPL ) is still thinking about you. Although the new iPhone 4S is only
officially supported by AT&T (NYSE: T ), Verizon (NYSE: VZ ) and Sprint (NYSE: S
) here in the U.S., Apple will release an unlocked version of the model later
this year. A Friday report at Apple Insider said starting in November, consumers
will be able to purchase the unlocked phones for between $649 and $849,
depending on the amount of onboard memory. However, the unlocked phones cant be
used with Sprint or Verizons CDMA networks only GSM networks like those used by
AT&T and T-Mobile. T-Mobile claims that 1 million iPhone users already use
unlocked devices on its network . Apple Drops Toshiba for SanDisk in New iPods:
Apple quietly announced a new iPod Nano media player during its Tuesday press
conference. The new compact player isnt spectacularly different than its
predecessor, with the exception of its innards. A report at iFixit (via 9 to 5
Mac ) found that the Toshiba-made flash memory storage used in previous iPod
Nanos had been replaced by flash drives made by SanDisk (NASDAQ: SNDK ). This
means little to consumers, but investors that follow the ebb and flow of where
Apple buys its components know the switch to SanDisk for these flash drives
marks a shift in where Apples funds are directed. DigiTimes reported in
September that Apple was shifting its sourcing of NAND flash memory to Japanese
manufacturers like Toshiba rather than Korea-based Samsung (PINK: SSNLF ), which
it relied on in the past. iPhone 5 Overseen by Jobs: Steve Jobs death will not
fully close his career with Apple. The iPhone 5 expected to release in 2012 will
be one of the last devices from the Cupertino, Calif.-based company overseen by
the visionary technologist. According to a Thursday Reuters report (via Mac
Rumors ), Jobs role in the creation of the next iPhone was confirmed by Softbank
(PINK: SFTBF ) president Masayoshi Son. The telecom president said in an
interview that Jobs work will come out to the world even after his death. As of
this writing, Anthony John Agnello did not own a position in any of the
aforementioned stocks. Follow him on Twitter at
Momentum Stocks of The Day: ECTE, GMR, NYT, CPY, ZUMZ, RDN, ESRX, GOL, SFUN, EBS (Oct 07, 2011)
Below are 10 momentum stocks that are attracting a lot of interest from
traders. One Chinese company (SFUN) is on the list. Echo Therapeutics Inc
(NASDAQ:ECTE) is the first best stock on this list. Its daily price change was
13.9% in the previous trading session. Its upside potential is 76% based on
brokerage analysts average target price of $6 on the stock. It is rated
positively by 100% of the 7 analyst(s) covering it. Its long-term annual
earnings growth is 40% based on analysts average estimate. General Maritime Corp
(NYSE:GMR) is the 2nd best stock on this list. Its daily price change was 13.8%
in the previous trading session. Its upside potential is 305% based on brokerage
analysts average target price of $1 on the stock. It is rated positively by 14%
of the 14 analyst(s) covering it. Its long-term annual earnings growth is 5%
based on analysts average estimate. The New York Times Company (NYSE:NYT) is the
3rd best stock on this list. Its daily price change was 12.7% in the previous
trading session. Its upside potential is 16% based on brokerage analysts average
target price of $8 on the stock. It is rated positively by 22% of the 9
analyst(s) covering it. Its long-term annual earnings growth is 12% based on
analysts average estimate. CPI Corp. (NYSE:CPY) is the 4th best stock on this
list. Its daily price change was 12.5% in the previous trading session. Its
upside potential is 208% based on brokerage analysts average target price of $20
on the stock. It is rated positively by 100% of the 2 analyst(s) covering it.
Its long-term annual earnings growth is 5% based on analysts average estimate.
Zumiez Inc. (NASDAQ:ZUMZ) is the 5th best stock on this list. Its daily price
change was 12.1% in the previous trading session. Its upside potential is 11%
based on brokerage analysts average target price of $23 on the stock. It is
rated positively by 41% of the 22 analyst(s) covering it. Its long-term annual
earnings growth is 21% based on analysts average estimate. Radian Group Inc.
(NYSE:RDN) is the 6th best stock on this list. Its daily price change was 12.0%
in the previous trading session. Its upside potential is 166% based on brokerage
analysts average target price of $6 on the stock. It is rated positively by 60%
of the 10 analyst(s) covering it. Its long-term annual earnings growth is 9%
based on analysts average estimate. Express Scripts, Inc. (NASDAQ:ESRX) is the
7th best stock on this list. Its daily price change was 11.4% in the previous
trading session. Its upside potential is 57% based on brokerage analysts average
target price of $63 on the stock. It is rated positively by 83% of the 24
analyst(s) covering it. Its long-term annual earnings growth is 19% based on
analysts average estimate. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is
the 8th best stock on this list. Its daily price change was 11.3% in the
previous trading session. Its upside potential is 78% based on brokerage
analysts average target price of $11 on the stock. It is rated positively by 33%
of the 12 analyst(s) covering it. Its long-term annual earnings growth is 13%
based on analysts average estimate. SouFun Holdings Limited (ADR) (NYSE:SFUN) is
the 9th best stock on this list. Its daily price change was 11.0% in the
previous trading session. Its upside potential is 194% based on brokerage
analysts average target price of $31 on the stock. It is rated positively by
100% of the 2 analyst(s) covering it. Its long-term annual earnings growth is
37% based on analysts average estimate. Emergent BioSolutions Inc. (NYSE:EBS) is
the 10th best stock on this list. Its daily price change was 11.0% in the
previous trading session. Its upside potential is 62% based on brokerage
analysts average target price of $31 on the stock. It is rated positively by
100% of the 5 analyst(s) covering it. Its long-term annual earnings growth is
28% based on analysts average estimate.
traders. One Chinese company (SFUN) is on the list. Echo Therapeutics Inc
(NASDAQ:ECTE) is the first best stock on this list. Its daily price change was
13.9% in the previous trading session. Its upside potential is 76% based on
brokerage analysts average target price of $6 on the stock. It is rated
positively by 100% of the 7 analyst(s) covering it. Its long-term annual
earnings growth is 40% based on analysts average estimate. General Maritime Corp
(NYSE:GMR) is the 2nd best stock on this list. Its daily price change was 13.8%
in the previous trading session. Its upside potential is 305% based on brokerage
analysts average target price of $1 on the stock. It is rated positively by 14%
of the 14 analyst(s) covering it. Its long-term annual earnings growth is 5%
based on analysts average estimate. The New York Times Company (NYSE:NYT) is the
3rd best stock on this list. Its daily price change was 12.7% in the previous
trading session. Its upside potential is 16% based on brokerage analysts average
target price of $8 on the stock. It is rated positively by 22% of the 9
analyst(s) covering it. Its long-term annual earnings growth is 12% based on
analysts average estimate. CPI Corp. (NYSE:CPY) is the 4th best stock on this
list. Its daily price change was 12.5% in the previous trading session. Its
upside potential is 208% based on brokerage analysts average target price of $20
on the stock. It is rated positively by 100% of the 2 analyst(s) covering it.
Its long-term annual earnings growth is 5% based on analysts average estimate.
Zumiez Inc. (NASDAQ:ZUMZ) is the 5th best stock on this list. Its daily price
change was 12.1% in the previous trading session. Its upside potential is 11%
based on brokerage analysts average target price of $23 on the stock. It is
rated positively by 41% of the 22 analyst(s) covering it. Its long-term annual
earnings growth is 21% based on analysts average estimate. Radian Group Inc.
(NYSE:RDN) is the 6th best stock on this list. Its daily price change was 12.0%
in the previous trading session. Its upside potential is 166% based on brokerage
analysts average target price of $6 on the stock. It is rated positively by 60%
of the 10 analyst(s) covering it. Its long-term annual earnings growth is 9%
based on analysts average estimate. Express Scripts, Inc. (NASDAQ:ESRX) is the
7th best stock on this list. Its daily price change was 11.4% in the previous
trading session. Its upside potential is 57% based on brokerage analysts average
target price of $63 on the stock. It is rated positively by 83% of the 24
analyst(s) covering it. Its long-term annual earnings growth is 19% based on
analysts average estimate. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is
the 8th best stock on this list. Its daily price change was 11.3% in the
previous trading session. Its upside potential is 78% based on brokerage
analysts average target price of $11 on the stock. It is rated positively by 33%
of the 12 analyst(s) covering it. Its long-term annual earnings growth is 13%
based on analysts average estimate. SouFun Holdings Limited (ADR) (NYSE:SFUN) is
the 9th best stock on this list. Its daily price change was 11.0% in the
previous trading session. Its upside potential is 194% based on brokerage
analysts average target price of $31 on the stock. It is rated positively by
100% of the 2 analyst(s) covering it. Its long-term annual earnings growth is
37% based on analysts average estimate. Emergent BioSolutions Inc. (NYSE:EBS) is
the 10th best stock on this list. Its daily price change was 11.0% in the
previous trading session. Its upside potential is 62% based on brokerage
analysts average target price of $31 on the stock. It is rated positively by
100% of the 5 analyst(s) covering it. Its long-term annual earnings growth is
28% based on analysts average estimate.
Resolute says discovery to boost Mali gold output
Resolute says discovery to boost Mali gold output Reuters - 57 minutes ago
BAMAKO Oct 7 (Reuters) - Australian gold miner Resolute Mining said a 700,000
ounce gold discovery at its Tabacoroni joint venture with Etruscan Resources
would boost output from its Syama mine in ...
BAMAKO Oct 7 (Reuters) - Australian gold miner Resolute Mining said a 700,000
ounce gold discovery at its Tabacoroni joint venture with Etruscan Resources
would boost output from its Syama mine in ...
Gold price per ounce, Silver price per ounce; Spot gold price per gram, SDpot silver price per ounce
Gold and silver gain during first half of trading session. Prior to opening
bell this morning, spot gold and spot silver prices were dropping lower into
negative territory though. Gold price per ounce finished higher this week as did
silver price per ounce. Gold and silver prices experienced a positive push into
the green during the middle portion of this trading week, but the bear market
mentality and economic slowdown, in addition to the weaker manufacturing data
posting on a global scale, is keeping progressive trends for the precious metals
at a minimum. As the trading session reached the mid-day mark today, precious
metal gold and silver contracts were gaining strength. Gold price per ounce
contract for December delivery moved into the green through the first half of
trading today by .41 percent at 1660 per troy ounce. Silver contract for
December delivery was posting higher by .59 percent with an electronic price at
32.20 per troy ounce. The stock market was mixed as investors continued to worry
about the ongoing debt crisis in Europe, but felt a little uplifted to hear that
the U.S. economy added just over 100,000 jobs in September. Spot gold per gram
and spot silver per ounce were moving in divergent directions at this point in
the day. Spot gold price per gram was higher by .04 at 53.11 and spot silver
price per ounce was lower by .07 at 32.07. Camillo Zucari
bell this morning, spot gold and spot silver prices were dropping lower into
negative territory though. Gold price per ounce finished higher this week as did
silver price per ounce. Gold and silver prices experienced a positive push into
the green during the middle portion of this trading week, but the bear market
mentality and economic slowdown, in addition to the weaker manufacturing data
posting on a global scale, is keeping progressive trends for the precious metals
at a minimum. As the trading session reached the mid-day mark today, precious
metal gold and silver contracts were gaining strength. Gold price per ounce
contract for December delivery moved into the green through the first half of
trading today by .41 percent at 1660 per troy ounce. Silver contract for
December delivery was posting higher by .59 percent with an electronic price at
32.20 per troy ounce. The stock market was mixed as investors continued to worry
about the ongoing debt crisis in Europe, but felt a little uplifted to hear that
the U.S. economy added just over 100,000 jobs in September. Spot gold per gram
and spot silver per ounce were moving in divergent directions at this point in
the day. Spot gold price per gram was higher by .04 at 53.11 and spot silver
price per ounce was lower by .07 at 32.07. Camillo Zucari
San Gold Reports 52% Rise in Gold Production
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 San Gold (SGR.TSX) announced preliminary operating results for the third quarter of 2011 and provided drilling results from its SG1 Mine Area and from a portion of the Shoreline Basalt in Canada.
Best Buy (NYSE:BBY) To Expand IT Staff
XCSFDHG46767FHJHJF
tdp2664 E money daily Best Buy (NYSE:BBY) has decided to hire 200 new information technology professionals. Best Buy (NYSE:BBY) To Expand IT Staff Best Buy (NYSE:BBY) has announced that it will hire more than 200 new information technology professionals in e-commerce, business analytics, application development, engineering and project management areas. The company plans to fill 100 posts within several weeks and the new employees will work with current IT professionals dedicated to transforming the way people gain access to, and get the most from, their technology. Chief Information Officer of global business service at Best Buy (NYSE:BBY) Jody Davids said, "Bringing in the best and the brightest IT talent will help us to achieve our ongoing goals of providing a unique and engaging customer experience– whether in-store, online or across our mobile platforms — and creating a work environment for employees that encourages collaboration and sparks innovation". Best Buy (NYSE:BBY) stocks were at 24.26 at the end of the last day’s trading. There’s been a -24.9% change in the stock price over the past 3 months. Best Buy (NYSE:BBY) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.29 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.24 Zack’s Rank: 2 out of 5 in the industry
Panasonic Corp. (NYSE:PC) Shows Off New Teleconferencing Product
XCSFDHG46767FHJHJF
tdp2664 E money daily Panasonic Corp. (NYSE:PC) has rolled out its Tactile Video Teleconferencing solution. Panasonic Corp. (NYSE:PC) Shows Off New Teleconferencing Product Technology products maker Panasonic Corp. (NYSE:PC) has rolled out its new high-definition tactile video teleconferencing (VTC) solution which can deliver rapid deployment for department of defense and other government agencies. The new VTC solution features high definition imaging of plasma display, Polycom's HD videoconferencing and custom mobile lift case of JELCO. Panasonic Corp. (NYSE:PC) federal sales director Tim Collins said, "At Panasonic Corp. (NYSE:PC), we create the most advanced technology solutions to help our government sector customers do their jobs with greater ease and efficiency. Whether our customers will deploy this product for the purpose of mission planning, training simulations or educational classes, the Tactical VTC solution provides a highly mobile, reliable communication system that keeps all parties informed and up to date". Panasonic Corp. (NYSE:PC) shares are currently standing at 9.6. Price History Last Price: 9.6 52 Week Low / High: 9.07 / 15 50 Day Moving Average: 10.19 6 Month Price Change %: -19.7% 12 Month Price Change %: -30.3%
4 Reasons Apple Has Left the Building
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace With Steve Jobs' passing, Apple ( NASDAQ : AAPL ) as we have known it for the last decade also ceased to exist. Apple can survive, but it won't prevail. In the last decade, Jobs did
Gold Price Firm Despite Encouraging Jobs Report
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 GOLD PRICE NEWS – The gold price held firm near $1,655 per ounce Friday morning despite the better than expected U.S. employment report.
4 Reasons Apple Has Left the Building
With Steve Jobs' passing, Apple (NASDAQ: AAPL ) as we have known it for the
last decade also ceased to exist. Apple can survive, but it won't prevail. In
the last decade, Jobs did
last decade also ceased to exist. Apple can survive, but it won't prevail. In
the last decade, Jobs did
Gold Price Firm Despite Encouraging Jobs Report
GOLD PRICE NEWS – The gold price held firm near $1,655 per ounce Friday
morning despite the better than expected U.S. employment report.
morning despite the better than expected U.S. employment report.
5 CEOs Who Think Like Steve Jobs
ROCKVILLE, Md. Apple (NASDAQ: AAPL ) shareholders and gadget geeks are
mourning the loss of the company's iconic founder. Apple has been one of the
few true growth stories on Wall Street lately, and the death of Steve Jobs at
just 56 years old makes you wonder if we have any good stocks and more
importantly, any good leaders remaining. True, the headlines make it seem like
only charlatans get to be CEOs these days, and shareholders have to fear
executives more than trust them. An overpriced MBA and a golden parachute are
more common than they should be in corner offices. But take heart. While Steve
Jobs was a cultural force the likes of which the world might never see again,
there still are wise and talented leaders out there right now. These CEOs share
the Apple founder's ability to create value for shareholders and employees,
and to define their industry to both competitors and consumers alike. Lest you
think such success depends on an iPhone-like innovation, it's worth noting
that gadgets were only part of the Steve Jobs story. There was his focus on a
long-term vision that trumps the quarterly drumbeat of the Street. There was his
shrewd use of capital to grow and cripple competitors. And above all, there was
his desire to connect completely with customers so his product would almost sell
itself. Lest you think Steve Jobs was the only one who understood these
concepts, here are five CEOs who think like he did: James Sinegal, Costco What
the heck does a 30-gallon tub of mayonnaise at Costco (NASDAQ: COST ) have to do
with the iPad? Probably not much. But when it comes to innovative business
builders guys with a long-term focus on shareholder value and connecting with
consumers in new ways Steve Jobs and James Sinegal were two peas in a pod.
Sinegal co-founded Costco and has been president since 1983. His innovations
made Costco the first warehouse club to include fresh food, eye-care clinics,
pharmacies, gas stations and other businesses previously thought out of place on
retail floorspace. Under Sinegal's leadership, shares of Costco are up 2,800%
and have paid modest dividends since 2004. Perhaps the most Jobs-like quality
Sinegal has is his desire to put the "user experience" above everything
else. For a retailer, that means customer service and happy, motivated
employees who feel they have a stake in the company. About four out of every
five Costco workers get health care and benefits, even though about half are
part-timers. The average wage is $19 an hour, and there have been no layoffs in
the recession. In this respect, the Costco founder actually might be one up on
Steve Jobs. Many Apple critics malign the company's outsourcing to Asia, while
Sinegal managed to create an industry leader that offers livable wages to almost
150,000 Americans all while COST stock beats the market and is on track to turn
a cool $1.4 billion in profits. The only question is whether Costco can keep
this up after Sinegal steps down at the end of the year.
mourning the loss of the company's iconic founder. Apple has been one of the
few true growth stories on Wall Street lately, and the death of Steve Jobs at
just 56 years old makes you wonder if we have any good stocks and more
importantly, any good leaders remaining. True, the headlines make it seem like
only charlatans get to be CEOs these days, and shareholders have to fear
executives more than trust them. An overpriced MBA and a golden parachute are
more common than they should be in corner offices. But take heart. While Steve
Jobs was a cultural force the likes of which the world might never see again,
there still are wise and talented leaders out there right now. These CEOs share
the Apple founder's ability to create value for shareholders and employees,
and to define their industry to both competitors and consumers alike. Lest you
think such success depends on an iPhone-like innovation, it's worth noting
that gadgets were only part of the Steve Jobs story. There was his focus on a
long-term vision that trumps the quarterly drumbeat of the Street. There was his
shrewd use of capital to grow and cripple competitors. And above all, there was
his desire to connect completely with customers so his product would almost sell
itself. Lest you think Steve Jobs was the only one who understood these
concepts, here are five CEOs who think like he did: James Sinegal, Costco What
the heck does a 30-gallon tub of mayonnaise at Costco (NASDAQ: COST ) have to do
with the iPad? Probably not much. But when it comes to innovative business
builders guys with a long-term focus on shareholder value and connecting with
consumers in new ways Steve Jobs and James Sinegal were two peas in a pod.
Sinegal co-founded Costco and has been president since 1983. His innovations
made Costco the first warehouse club to include fresh food, eye-care clinics,
pharmacies, gas stations and other businesses previously thought out of place on
retail floorspace. Under Sinegal's leadership, shares of Costco are up 2,800%
and have paid modest dividends since 2004. Perhaps the most Jobs-like quality
Sinegal has is his desire to put the "user experience" above everything
else. For a retailer, that means customer service and happy, motivated
employees who feel they have a stake in the company. About four out of every
five Costco workers get health care and benefits, even though about half are
part-timers. The average wage is $19 an hour, and there have been no layoffs in
the recession. In this respect, the Costco founder actually might be one up on
Steve Jobs. Many Apple critics malign the company's outsourcing to Asia, while
Sinegal managed to create an industry leader that offers livable wages to almost
150,000 Americans all while COST stock beats the market and is on track to turn
a cool $1.4 billion in profits. The only question is whether Costco can keep
this up after Sinegal steps down at the end of the year.
San Gold Reports 52% Rise in Gold Production
San Gold (SGR.TSX) announced preliminary operating results for the third
quarter of 2011 and provided drilling results from its SG1 Mine Area and from a
portion of the Shoreline Basalt in Canada.
quarter of 2011 and provided drilling results from its SG1 Mine Area and from a
portion of the Shoreline Basalt in Canada.
San Gold (SGR) reports 52% rise in gold production
DG365FD46564GFH654FU898
View article:
San Gold (SGR) reports 52% rise in gold production
Gold Price Per Ounce Todays Spot gold price per gram; Silver price per ounce Spot silver prices Today; U.S. Stock Futures News
Gold and silver price per ounce contracts bumped higher during the last trading
session and finished the day in the green. The primary precious metals finished
green across the board as of last session close. December contract Copper closed
out the last session higher by 4.52 percent at 3.25 per pound. January contract
Platinum closed out the session higher by 1.70 percent at 1508.10 per troy
ounce. December contract silver closed out Thursdays trading session green by
5.45 percent at 32.00 per troy ounce. December contract gold closed out the last
session higher by .71 percent at 1653.20 per troy ounce. Precious metals enjoyed
a positive boost during the middle portion of this week, but prices are still
lower overall for precious metals gold and silver. According to the one month
change differential for the precious yellow metal, gold is lower by 11.89
percent. Silver is even more negative during this time period. Silver prices
have dropped lower by 24.04 percent according to one month change analysis.
Prior to opening bell this morning in the U.S., spot gold and spot silver prices
were dropping into the red. Spot gold price per gram was lower by .05 at 53.10
and spot silver price per ounce was lower by .05 at 31.96. The primary stock
index composites were posting red at this point too, indicating the lower open
for U.S. stocks. Camillo Zucari
session and finished the day in the green. The primary precious metals finished
green across the board as of last session close. December contract Copper closed
out the last session higher by 4.52 percent at 3.25 per pound. January contract
Platinum closed out the session higher by 1.70 percent at 1508.10 per troy
ounce. December contract silver closed out Thursdays trading session green by
5.45 percent at 32.00 per troy ounce. December contract gold closed out the last
session higher by .71 percent at 1653.20 per troy ounce. Precious metals enjoyed
a positive boost during the middle portion of this week, but prices are still
lower overall for precious metals gold and silver. According to the one month
change differential for the precious yellow metal, gold is lower by 11.89
percent. Silver is even more negative during this time period. Silver prices
have dropped lower by 24.04 percent according to one month change analysis.
Prior to opening bell this morning in the U.S., spot gold and spot silver prices
were dropping into the red. Spot gold price per gram was lower by .05 at 53.10
and spot silver price per ounce was lower by .05 at 31.96. The primary stock
index composites were posting red at this point too, indicating the lower open
for U.S. stocks. Camillo Zucari
Todays DJIA Dow JOnes Average Index DJX DJI, Nasdaq, S&P 500 Stock Market Investing News Today
Jobs data could provide negative pressure today. The primary stock composites
continued to move in positive territory during the last trading session though.
Positive economic news posted yesterday in the U.S. via the initial unemployment
claims. According to the Labor Department, 401,000 Americans filed for
unemployment claims last week. This number was better than economists expected
but still greater than the overall total from the week prior. This positively
skewed news helped to push indices higher as did trends from overseas. Stocks
finished their respective sessions stronger in Asia and Europe. This positive
action also helped indices in the U.S. climb higher. The positive momentum was
held in check by the continuing concerns relevant to Europes debt crisis.
Ongoing fear and nervousness remained as investors continue to keep a close eye
on developments overseas. Europes Central Banks made the call to hold steady on
interest rates and this was disappointing news for many. As the last U.S.
trading session came to a close, the primary index composites were green. The
Dow Closed up by 1.68 percent at 11,123.33. The Nasdaq closed at 2,506.82 and
the S&P 500 closed out higher at 1,164.97. Prior to opening bell this morning,
stocks were positioned for the lower open. Stock futures for the primary U.S.
stock index composites were red across the board ahead of todays jobs report.
The strength of the economy and risk of another recession will be tied to this
report. Frank Matto
continued to move in positive territory during the last trading session though.
Positive economic news posted yesterday in the U.S. via the initial unemployment
claims. According to the Labor Department, 401,000 Americans filed for
unemployment claims last week. This number was better than economists expected
but still greater than the overall total from the week prior. This positively
skewed news helped to push indices higher as did trends from overseas. Stocks
finished their respective sessions stronger in Asia and Europe. This positive
action also helped indices in the U.S. climb higher. The positive momentum was
held in check by the continuing concerns relevant to Europes debt crisis.
Ongoing fear and nervousness remained as investors continue to keep a close eye
on developments overseas. Europes Central Banks made the call to hold steady on
interest rates and this was disappointing news for many. As the last U.S.
trading session came to a close, the primary index composites were green. The
Dow Closed up by 1.68 percent at 11,123.33. The Nasdaq closed at 2,506.82 and
the S&P 500 closed out higher at 1,164.97. Prior to opening bell this morning,
stocks were positioned for the lower open. Stock futures for the primary U.S.
stock index composites were red across the board ahead of todays jobs report.
The strength of the economy and risk of another recession will be tied to this
report. Frank Matto
Press Your Luck on Macau Casino Stocks
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace In September, I wrote that none of the Macau casino stocks were a compelling value . The shares have slumped because of concerns abut an economic slowdown in Asia and are getting too cheap to ignore. Shares of Wynn Resorts ( NASDAQ : WYNN ), whose Macau property features a 222,000-square-foot casino, 600 luxury rooms and suites along with 46,000 square feet of retail space, have been pushed down more than 11% in the past month. Las Vegas Sands (NYSE: LVS ) owns three properties in Macau. Its shares fell more than 7% during the past 30 days. Melco Crown Entertainment ( NASDAQ : MPEL ), a Hong Kong-based operator with properties in Macau, is down more than 23% during that same time. Although there is legitimate concern about the Chinese economy overheating, there is no evidence — as of yet anyway — that this is significantly affecting the corporate junket business, which is the lifeblood of Macau. However, fears of a credit crunch recently jarred casino stocks. Still, regional casino revenue gained 38.8% in September , the first time it grew less than 40% since January, according to local media reports. Compared to Nevada, where casino revenue gained 3.7% in July, those results are outstanding. The news about the Chinese economy is not all bad, either. Premier Wen Jiabao recently was quoted as saying that the world's most populous country has made progress in taming inflation . China's real estate bubble, though, remains a concern. Wynn Resorts, which gets about one-third of its revenue from Macau, and Las Vegas Sands, which gets 40% of its sales, both seem like compelling values. Wynn, controlled by Stephen Wynn, trades at a price-to-earnings multiple of 39. Las Vegas Sands' multiple is 33.25. Melco Crown's valuation is a lofty 42.37. Although these shares are trading at a premium to the S&P 500 multiple of 15.02, Wall Street analysts rate all three shares as a “buy.” Wynn Resorts, which last traded at $130.66, is expected to hit $170.52, the median price target of Wall Street investors. Analysts have a mean price target of $58.04 on Las Vegas Sands, well ahead of the $41.63 level where they recently traded. Wall Street's one-year target on Melco's ADRs is $16.31. Melco Crown surged 14% Thursday to $9.56, and Wynn and Las Vegas Sands also jumped on the day. If investors have to choose one Macau stock, I would go with Wynn since it's the only one of the three that pays a dividend. The other attraction to Wynn is its U.S. properties since gaming will continue to rebound unless the economy really craters. Plus, revenue in the current quarter is expected to rise more than 28%, surpassing the 23% expected at Las Vegas Sands and nearly matching the 29% expected at Melco Crown. The Asian company, however, seems far too pricey compared to its U.S. rivals. Investors also might want to wait for shares of the Macau stocks to become more affordable. But if people are wondering whether these companies are worth a gamble, the answer is "yes." As of this writing, Jonathan Berr did not own a position in any of the aforementioned stocks.
Darden Restaurants Cooks Up Solid Growth
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace I remember back in 1999, when I was in a salad bar restaurant and a little placard on every table told customers that the restaurant’s stock was trading on the Nasdaq under a certain symbol. That’s when I knew the market was about to top. And it did. Still, this restaurant did a great job, served a great product and was profitable at the time. That’s when I decided to keep my eyes open for other similar chain concepts — once the market calmed down. This brings me to Darden Restaurants (NYSE: DRI ), which owns Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52 restaurants. All in all, that’s 1,800 actual locations. The company has been in business more than 40 years. I’m hoping it’s extremely profitable but underfollowed, so it becomes the next Chipotle (NYSE: CMG ). There are tricks to running restaurants. They are a very low-margin business. There are tons of regulations. The owner might have to deal with unions. Customers can be fickle in their taste. In a bad economy, if the price points aren’t exactly right, an entire corporation can go under. Food service is a unique beast, and a lot of it is tied to customer service. With restaurants like Darden’s, the company must create a fine balance between keeping expenses low without delivering a product that comes off as cheap. In my experience, this company does a pretty good job. Darden isn’t a hyper-growth story like Chipotle. It feels more like Cheesecake Factory ( NASDAQ : CAKE ), which has grown very slowly over its 40 years, to only 168 restaurants, taking care not to expand too aggressively in a fickle sector. Darden also has taken its time and is pegged by analysts to grow at an annualized rate over the next five years at 12.78%. Earnings for 2011 are expected to come in at $3.78 per share, an 11% year-over-year increase, and $4.28 in 2012, a 14% increase. Sales growth should be a solid 6.5%. The difference between Darden and some of its competitors, however, is that Darden carries a lot more debt. It’s holding $1.46 billion of it, and paying about 7% interest. Cheesecake Factory and Chipotle carry none. P.F. Chang’s China Bistro ( NASDAQ : PFCB ) carries only $111 million. So the problem with Darden, in comparison, is that there’s about $96 million going to debt service instead of the bottom line, which is about 75 cents per share. The company generates plenty of free cash flow — $250 million in FY 2009, $470 million in FY 2010 and $340 million in FY 2011. So it can pay down that debt and make its debt service payments. It won’t be going bankrupt. Indeed, Darden generates more free cash flow than the above competitors (which are in the mid-$100 millions). Conclusion Slow and steady wins the race. There’s nothing wrong with carrying debt, although I’d like to see Darden be more aggressive in paying it down and expanding from cash flow from operations. A 12 P/E on this year’s projected earnings of $3.78 gives a $45 price target. So it looks as though Darden is fully valued. In addition, the company pays a generous 4% dividend, which I’m not crazy about considering the debt it carries. Still, a dividend is a dividend. Investors looking for a slow and steady brand might want to give Darden a look. Lawrence Meyers holds no position in the stocks mentioned.
Darden Restaurants Cooks Up Solid Growth
I remember back in 1999, when I was in a salad bar restaurant and a little
placard on every table told customers that the restaurants stock was trading on
the Nasdaq under a certain symbol. Thats when I knew the market was about to
top. And it did. Still, this restaurant did a great job, served a great product
and was profitable at the time. Thats when I decided to keep my eyes open for
other similar chain concepts once the market calmed down. This brings me to
Darden Restaurants (NYSE: DRI ), which owns Red Lobster, Olive Garden, LongHorn
Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52 restaurants. All in
all, thats 1,800 actual locations. The company has been in business more than 40
years. Im hoping its extremely profitable but underfollowed, so it becomes the
next Chipotle (NYSE: CMG ). There are tricks to running restaurants. They are a
very low-margin business. There are tons of regulations. The owner might have to
deal with unions. Customers can be fickle in their taste. In a bad economy, if
the price points arent exactly right, an entire corporation can go under. Food
service is a unique beast, and a lot of it is tied to customer service. With
restaurants like Dardens, the company must create a fine balance between keeping
expenses low without delivering a product that comes off as cheap. In my
experience, this company does a pretty good job. Darden isnt a hyper-growth
story like Chipotle. It feels more like Cheesecake Factory (NASDAQ: CAKE ),
which has grown very slowly over its 40 years, to only 168 restaurants, taking
care not to expand too aggressively in a fickle sector. Darden also has taken
its time and is pegged by analysts to grow at an annualized rate over the next
five years at 12.78%. Earnings for 2011 are expected to come in at $3.78 per
share, an 11% year-over-year increase, and $4.28 in 2012, a 14% increase. Sales
growth should be a solid 6.5%. The difference between Darden and some of its
competitors, however, is that Darden carries a lot more debt. Its holding $1.46
billion of it, and paying about 7% interest. Cheesecake Factory and Chipotle
carry none. P.F. Changs China Bistro (NASDAQ: PFCB ) carries only $111 million.
So the problem with Darden, in comparison, is that theres about $96 million
going to debt service instead of the bottom line, which is about 75 cents per
share. The company generates plenty of free cash flow $250 million in FY 2009,
$470 million in FY 2010 and $340 million in FY 2011. So it can pay down that
debt and make its debt service payments. It wont be going bankrupt. Indeed,
Darden generates more free cash flow than the above competitors (which are in
the mid-$100 millions). Conclusion Slow and steady wins the race. Theres nothing
wrong with carrying debt, although Id like to see Darden be more aggressive in
paying it down and expanding from cash flow from operations. A 12 P/E on this
years projected earnings of $3.78 gives a $45 price target. So it looks as
though Darden is fully valued. In addition, the company pays a generous 4%
dividend, which Im not crazy about considering the debt it carries. Still, a
dividend is a dividend. Investors looking for a slow and steady brand might want
to give Darden a look. Lawrence Meyers holds no position in the stocks
mentioned.
placard on every table told customers that the restaurants stock was trading on
the Nasdaq under a certain symbol. Thats when I knew the market was about to
top. And it did. Still, this restaurant did a great job, served a great product
and was profitable at the time. Thats when I decided to keep my eyes open for
other similar chain concepts once the market calmed down. This brings me to
Darden Restaurants (NYSE: DRI ), which owns Red Lobster, Olive Garden, LongHorn
Steakhouse, The Capital Grille, Bahama Breeze and Seasons 52 restaurants. All in
all, thats 1,800 actual locations. The company has been in business more than 40
years. Im hoping its extremely profitable but underfollowed, so it becomes the
next Chipotle (NYSE: CMG ). There are tricks to running restaurants. They are a
very low-margin business. There are tons of regulations. The owner might have to
deal with unions. Customers can be fickle in their taste. In a bad economy, if
the price points arent exactly right, an entire corporation can go under. Food
service is a unique beast, and a lot of it is tied to customer service. With
restaurants like Dardens, the company must create a fine balance between keeping
expenses low without delivering a product that comes off as cheap. In my
experience, this company does a pretty good job. Darden isnt a hyper-growth
story like Chipotle. It feels more like Cheesecake Factory (NASDAQ: CAKE ),
which has grown very slowly over its 40 years, to only 168 restaurants, taking
care not to expand too aggressively in a fickle sector. Darden also has taken
its time and is pegged by analysts to grow at an annualized rate over the next
five years at 12.78%. Earnings for 2011 are expected to come in at $3.78 per
share, an 11% year-over-year increase, and $4.28 in 2012, a 14% increase. Sales
growth should be a solid 6.5%. The difference between Darden and some of its
competitors, however, is that Darden carries a lot more debt. Its holding $1.46
billion of it, and paying about 7% interest. Cheesecake Factory and Chipotle
carry none. P.F. Changs China Bistro (NASDAQ: PFCB ) carries only $111 million.
So the problem with Darden, in comparison, is that theres about $96 million
going to debt service instead of the bottom line, which is about 75 cents per
share. The company generates plenty of free cash flow $250 million in FY 2009,
$470 million in FY 2010 and $340 million in FY 2011. So it can pay down that
debt and make its debt service payments. It wont be going bankrupt. Indeed,
Darden generates more free cash flow than the above competitors (which are in
the mid-$100 millions). Conclusion Slow and steady wins the race. Theres nothing
wrong with carrying debt, although Id like to see Darden be more aggressive in
paying it down and expanding from cash flow from operations. A 12 P/E on this
years projected earnings of $3.78 gives a $45 price target. So it looks as
though Darden is fully valued. In addition, the company pays a generous 4%
dividend, which Im not crazy about considering the debt it carries. Still, a
dividend is a dividend. Investors looking for a slow and steady brand might want
to give Darden a look. Lawrence Meyers holds no position in the stocks
mentioned.
Press Your Luck on Macau Casino Stocks
In September, I wrote that none of the Macau casino stocks were a compelling
value . The shares have slumped because of concerns abut an economic slowdown in
Asia and are getting too cheap to ignore. Shares of Wynn Resorts (NASDAQ: WYNN
), whose Macau property features a 222,000-square-foot casino, 600 luxury rooms
and suites along with 46,000 square feet of retail space, have been pushed down
more than 11% in the past month. Las Vegas Sands (NYSE: LVS ) owns three
properties in Macau. Its shares fell more than 7% during the past 30 days. Melco
Crown Entertainment (NASDAQ: MPEL ), a Hong Kong-based operator with properties
in Macau, is down more than 23% during that same time. Although there is
legitimate concern about the Chinese economy overheating, there is no evidence
as of yet anyway that this is significantly affecting the corporate junket
business, which is the lifeblood of Macau. However, fears of a credit crunch
recently jarred casino stocks. Still, regional casino revenue gained 38.8% in
September , the first time it grew less than 40% since January, according to
local media reports. Compared to Nevada, where casino revenue gained 3.7% in
July, those results are outstanding. The news about the Chinese economy is not
all bad, either. Premier Wen Jiabao recently was quoted as saying that the
world's most populous country has made progress in taming inflation .
China's real estate bubble, though, remains a concern. Wynn Resorts, which
gets about one-third of its revenue from Macau, and Las Vegas Sands, which gets
40% of its sales, both seem like compelling values. Wynn, controlled by Stephen
Wynn, trades at a price-to-earnings multiple of 39. Las Vegas Sands' multiple
is 33.25. Melco Crown's valuation is a lofty 42.37. Although these shares are
trading at a premium to the S&P 500 multiple of 15.02, Wall Street analysts rate
all three shares as a buy. Wynn Resorts, which last traded at $130.66, is
expected to hit $170.52, the median price target of Wall Street investors.
Analysts have a mean price target of $58.04 on Las Vegas Sands, well ahead of
the $41.63 level where they recently traded. Wall Street's one-year target on
Melco's ADRs is $16.31. Melco Crown surged 14% Thursday to $9.56, and Wynn and
Las Vegas Sands also jumped on the day. If investors have to choose one Macau
stock, I would go with Wynn since it's the only one of the three that pays a
dividend. The other attraction to Wynn is its U.S. properties since gaming will
continue to rebound unless the economy really craters. Plus, revenue in the
current quarter is expected to rise more than 28%, surpassing the 23% expected
at Las Vegas Sands and nearly matching the 29% expected at Melco Crown. The
Asian company, however, seems far too pricey compared to its U.S. rivals.
Investors also might want to wait for shares of the Macau stocks to become more
affordable. But if people are wondering whether these companies are worth a
gamble, the answer is "yes." As of this writing, Jonathan Berr did not own a
position in any of the aforementioned stocks.
value . The shares have slumped because of concerns abut an economic slowdown in
Asia and are getting too cheap to ignore. Shares of Wynn Resorts (NASDAQ: WYNN
), whose Macau property features a 222,000-square-foot casino, 600 luxury rooms
and suites along with 46,000 square feet of retail space, have been pushed down
more than 11% in the past month. Las Vegas Sands (NYSE: LVS ) owns three
properties in Macau. Its shares fell more than 7% during the past 30 days. Melco
Crown Entertainment (NASDAQ: MPEL ), a Hong Kong-based operator with properties
in Macau, is down more than 23% during that same time. Although there is
legitimate concern about the Chinese economy overheating, there is no evidence
as of yet anyway that this is significantly affecting the corporate junket
business, which is the lifeblood of Macau. However, fears of a credit crunch
recently jarred casino stocks. Still, regional casino revenue gained 38.8% in
September , the first time it grew less than 40% since January, according to
local media reports. Compared to Nevada, where casino revenue gained 3.7% in
July, those results are outstanding. The news about the Chinese economy is not
all bad, either. Premier Wen Jiabao recently was quoted as saying that the
world's most populous country has made progress in taming inflation .
China's real estate bubble, though, remains a concern. Wynn Resorts, which
gets about one-third of its revenue from Macau, and Las Vegas Sands, which gets
40% of its sales, both seem like compelling values. Wynn, controlled by Stephen
Wynn, trades at a price-to-earnings multiple of 39. Las Vegas Sands' multiple
is 33.25. Melco Crown's valuation is a lofty 42.37. Although these shares are
trading at a premium to the S&P 500 multiple of 15.02, Wall Street analysts rate
all three shares as a buy. Wynn Resorts, which last traded at $130.66, is
expected to hit $170.52, the median price target of Wall Street investors.
Analysts have a mean price target of $58.04 on Las Vegas Sands, well ahead of
the $41.63 level where they recently traded. Wall Street's one-year target on
Melco's ADRs is $16.31. Melco Crown surged 14% Thursday to $9.56, and Wynn and
Las Vegas Sands also jumped on the day. If investors have to choose one Macau
stock, I would go with Wynn since it's the only one of the three that pays a
dividend. The other attraction to Wynn is its U.S. properties since gaming will
continue to rebound unless the economy really craters. Plus, revenue in the
current quarter is expected to rise more than 28%, surpassing the 23% expected
at Las Vegas Sands and nearly matching the 29% expected at Melco Crown. The
Asian company, however, seems far too pricey compared to its U.S. rivals.
Investors also might want to wait for shares of the Macau stocks to become more
affordable. But if people are wondering whether these companies are worth a
gamble, the answer is "yes." As of this writing, Jonathan Berr did not own a
position in any of the aforementioned stocks.
Jobs’ Life a Model of Human Accomplishment
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace News of the death of Apple ( NASDAQ : AAPL ) co-founder and former CEO Steve Jobs has captivated the world. In much the same way that his products captivated the hearts and minds of devoted Apple fans around the globe, Jobs, the man, has rightfully become the focus of fascination for what it means to be a creative genius, a tech entrepreneur and brilliant corporate leader. In late August, after Jobs stepped down as Apple's CEO, I wrote about how he made CEO worship cool again . The near godlike reverence for Jobs and his business acumen generated the kind of respect, admiration and hero worship a man of his caliber deserved.
Should You Buy the Dow — Hewlett-Packard
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Today, we’re looking at Dow Jones Industrial Average component Hewlett-Packard (NYSE: HPQ ). Many people probably think of it as a computer company, but the truth is HP really was a printer and imaging company until it bought out Compaq in 2002. Since then, it’s also gobbled up 3Com, Electronic Data Systems and Palm. The company now operates an Enterprise Business segment, a Software Division and an R&D division, in addition to printing, imaging and computing. In my eyes, the company basically keeps expanding by buying other businesses. Tech companies have their hands full on three fronts. The first is they are beholden to the economy. Tech can be expensive, so companies that fall on hard times will not be quick to upgrade or purchase equipment. The second front is competition. HP operates in a heavily competitive segment with some well-financed players. The third issue is that technology always is improving. If HP can’t keep up, it’s toast. These issues are apparent in the company’s long-term growth prospects. Right now, stock analysts looking out five years on HP see annualized earnings growth at 7.6%. At a stock price of $22, on FY 2011 earnings of $4.84, the stock presently trades at a P/E of 4.5. Dell ( NASDAQ : DELL ) trades at a P/E of 7.4 and IBM (NYSE: IBM ) at 14, so it is significantly undervalued by comparison. HP’s financials are fine. The company carries $13 billion in cash and $19 billion in debt. Trailing 12-month cash flow was $8.9 billion. The company also had 11 times the amount of free cash flow necessary to pay its 2.1% dividend. Obviously, even at this price, insiders aren’t biting. A director purchased 6,800 shares last November, but I guess he was overly optimistic — those shares were purchased at $43.69. Conclusion Hewlett-Packard is not a company I’m in love with, despite hiring Meg Whitman as its new CEO. If we put an 7.6 P/E on HP’s projected 2015 earnings of $6.23 per share, and factor in 2.1% compounded dividend yield reinvested, we get a price target of $47. That’s a solid double from these levels, so what’s my problem? HP feels like a dinosaur. Technology is moving fast, and HP’s way of keeping up has been to devour other companies. It’s not growing organically. And because it must keep spending money on other companies and its own R&D, its dividend isn’t likely to increase high enough to make it a retirement purchase. I think there are better places to put your money. I believe Hewlett Packard is a sell for regular accounts. I believe Hewlett Packard is a sell for retirement accounts. As of this writing, Lawrence Meyers did not own a position in any of the aforementioned stocks.
Gold & Silver Prices – Daily Outlook October 7
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices sharply inclined yesterday along with the rest of the markets. The ECB decided to keep interest rates unchanged. Currently, gold and silver prices are traded with moderate changes. Today, the U.S. Unemployment Rate & Non-farm Employment Report will be published and the Canada Employment Report. Here is a market outlook of precious metals prices for today, October 7th: Gold and Silver Prices – October Gold price sharply inclined on Thursday by 1.54% to $1,653.2; silver price also sharply increased by 6.33% to $32.01. The chart below shows the development of gold and silver prices in recent weeks (normalized gold and silver prices (September 16th 2011=100)). During October gold price inclined by 1.9%, and silver prices by 6.4%. The ratio between gold and silver prices sharply tumbled on Thursday, October 6th to 51.65. During October, silver price inclined by a larger rate than gold price as the ratio decreased by 4.2%.
Top Mexico Stocks
It is interesting to note that Mexico has a higher credit rating than the US
from Weiss Ratings , according to a report released a few months ago. In
addition, the Bank of Mexico, the country's central bank, purchased 100 tons of
gold earlier this year. Mexico is one of the twelve largest economies in the
world, and is the ninth largest holder of US debt. With a growing economy and an
expanding middle class, investors are taking a look at companies below the
border. Many Mexico stocks pay dividends , and most of those trade on the New
York Stock Exchange, according to WallStreetNewsNetwork.com. One high yield
Mexican stock is Grupo Aeroportuario Centro Norte (OMAB), which participates in
the growth of the travel industry by operating airports in the central and
northern regions of Mexico. The stock, which trades on NASDAQ, has a 4.3% yield,
and a forward price to earnings ratio of 14. Telefonos de Mexico (TMX), also
known as Telmex, pays a high dividend of 2.6%. The company, which owns 90
percent of the telephone lines in Mexico city, trades at 13 times forward
earnings. Fomento Economico Mexicano (FMX) is a beverage distributor of Coca
Cola brands in Mexico along with several other Latin American countries
including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil,
and Argentina. The stock sports a yield of 1.8% and sells for 16 times forward
earnings. If you want to see a free list of all the major Mexico stocks that
trade in the United States, several of which have yields greater than 3%, go to
WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.
Disclosure: Author did not own any of the above at the time the article was
written. By Stockerblog.com
from Weiss Ratings , according to a report released a few months ago. In
addition, the Bank of Mexico, the country's central bank, purchased 100 tons of
gold earlier this year. Mexico is one of the twelve largest economies in the
world, and is the ninth largest holder of US debt. With a growing economy and an
expanding middle class, investors are taking a look at companies below the
border. Many Mexico stocks pay dividends , and most of those trade on the New
York Stock Exchange, according to WallStreetNewsNetwork.com. One high yield
Mexican stock is Grupo Aeroportuario Centro Norte (OMAB), which participates in
the growth of the travel industry by operating airports in the central and
northern regions of Mexico. The stock, which trades on NASDAQ, has a 4.3% yield,
and a forward price to earnings ratio of 14. Telefonos de Mexico (TMX), also
known as Telmex, pays a high dividend of 2.6%. The company, which owns 90
percent of the telephone lines in Mexico city, trades at 13 times forward
earnings. Fomento Economico Mexicano (FMX) is a beverage distributor of Coca
Cola brands in Mexico along with several other Latin American countries
including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil,
and Argentina. The stock sports a yield of 1.8% and sells for 16 times forward
earnings. If you want to see a free list of all the major Mexico stocks that
trade in the United States, several of which have yields greater than 3%, go to
WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.
Disclosure: Author did not own any of the above at the time the article was
written. By Stockerblog.com
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