While the biggest names in finance and banking are being crushed under the
weight of toxic mortgages and other funny math , theres still plenty of good
news from the sector and its coming out of regional banks. Not surprisingly,
those banks that stayed away from those pesky Alt-A loans survived the financial
crisis just fine, and recent earnings reports are only proving the case. One of
my favorite companies in this arena is U.S. Bancorp (NYSE: USB ). The company
had virtually no exposure to risky mortgages and, in my personal experience, has
outstanding service at both the retail and corporate level. U.S. Bancorps
third-quarter profit was up 40% to $1.27 billion, beating estimates by two cents
per share. Net interest income is the primary driver for many regional banks,
and that is defined as the interest the bank earns on its loans less what it
pays for deposits (which isnt much, in case you hadnt noticed). U.S. Bancorps
net interest income was up a tidy 5.9% to $2.62 billion. The market never has
rewarded USB for its well-managed business, having taken the stock down 9% year
to date. Another strong performer in the sector is Fifth Third Bancorp (NASDAQ:
FITB ). As if it were even possible to outshine US Bancorps numbers, Fifth Third
saw net income rise 60%, to $381 million, and blew away analysts estimates by
seven cents per share. Net interest income was up 4%. Another key metric to look
for when evaluating regional banks is their tangible book value per share, the
key word being tangible. You want to see that stable and, if possible, rising.
If it starts declining, start worrying. FITB looks very strong in that regard,
up 5% sequentially. BB&T Corporation (NYSE: BBT ) has impressive metrics of a
different sort. As a bank, you would hope people actually would deposit money
and even leave it there, write checks against and generate fees off of it. BB&T
is smiling, thanks to a 32% increase in average deposits, while noninterest
deposits and checking increased 22% and 14%, respectively. As for net interest
income, every basis point matters, and BB&T reduced the cost of its
interest-bearing deposits by 7 basis points, from 0.72% to 0.65%. All of this
led to a net revenue increase of 8%. Huntington Bancshares, Inc. (NASDAQ: HBAN )
demonstrates the value of another metric. In this case, the expansion of its
loan portfolio. A 5.3% increase in consumer loans helped drive the companys
total loans and leases by 4%. Even more importantly, the quality of the banks
loans has improved substantially. The loan-loss provision dropped from $119
million to $44 million. Net income rose 43%. I think these four regional banks
probably are the strongest in the sector. Id also suggest Zions Bancorporation
(NASDAQ: ZION ), a comeback kid. The company has beaten estimates three quarters
in a row, by 25, 17 and eight cents, respectively. BB&T is the priciest, with a
P/E of 15. U.S. Bancorp and Fifth Third are at 11, Huntington at 10, and Zion at
20. All pay dividends between 2% and 3%, except Zions. If I had to choose one,
Id go with USB and its 2% yield. Those interested in diversifying an investment
across the sector might want to have a look at the Regional Bank HOLDRs (AMEX:
RKH ) ETF or iShares Dow Jones U.S. Regional Banks (AMEX: IAT ). The latter
carries a 1.96% yield. As of this writing, Lawrence Meyers did not own a
position in any of the aforementioned stocks.
Tuesday, October 25, 2011
Gold Nears $1,700 Amid Consumer Confidence, Housing Data
Gold prices spiked from just above $1,650 to nearly $1,690 per ounce Tuesday
morning, and silver also was sharply higher, as the Conference Board reported
that consumer confidence slumped to its lowest level since March 2009, and an
expected increase in the S&P Case-Schiller index of home prices in 20
metropolitan areas came in slightly weaker than expected. Markets also are jumpy
as investors and traders await word from a summit of European leaders in which
they are expected to produce a comprehensive plan to address the euro zones debt
crisis. Spot gold was up nearly 1.9%, having hit a high of $1,688.90 and a low
of $1,647.90. Spot gold was bid at $1,684.60 with an ask price of $1,685.60 at
11 a.m., while the London p.m. reference price fix came in at $1,656 per ounce,
according to Kitco market data . Spot silver was up about 1.5% and trading at
$3.21 Bid, $32.31 Ask, having hit a morning high of $32.51 and a low of $31.29.
Fridays reference price was set at $32 an ounce in the London a.m. Gold and
silver trusts were up sharply in exchange trading. The SPDR Gold Trust (AMEX:
GLD ) was 1.8% higher. The iShares Gold Trust (AMEX: IAU ) was up over 1.8%. The
iShares Silver Trust (AMEX: SLV ) was nearly 1.4% higher. Gold and silver mining
ETFs also were showing gains. The Market Vectors Gold Miners ETF (AMEX: GDX )
was nearly 1.4% higher. The Market Vectors Junior Gold Miners ETF (AMEX: GDXJ )
was up 0.2%. The Global X Silver Miners ETF (AMEX: SIL ) was 0.7% higher. Shares
of gold miners were showing strong gains. Agnico-Eagle Mines (USA) (NYSE: AEM )
was around 0.5% higher. Barrick Gold Corp. (NYSE: ABX ) was more than 1.3%
higher. Goldcorp (NYSE: GG ) was up nearly 1.4%. Newmont Mining Corp. (NYSE: NEM
) was more than 1.1% higher. NovaGold Resources (USA) (AMEX: NG ) was around
1.5% higher. Silver miners shares were mixed. Coeur DAlene Mines Corp. (NYSE:
CDE ) was down nearly 0.5%. Hecla Mining (NYSE: HL ) was between 0.6% and 0.9%
lower. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was up around 0.8%.
Silver Wheaton Corp. (USA) (NYSE: SLW ) was showing gains of more than 2.9%.
Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was up over 0.7%. As of
this writing, Andrew Burger did not own a position in any of the aforementioned
stocks.
morning, and silver also was sharply higher, as the Conference Board reported
that consumer confidence slumped to its lowest level since March 2009, and an
expected increase in the S&P Case-Schiller index of home prices in 20
metropolitan areas came in slightly weaker than expected. Markets also are jumpy
as investors and traders await word from a summit of European leaders in which
they are expected to produce a comprehensive plan to address the euro zones debt
crisis. Spot gold was up nearly 1.9%, having hit a high of $1,688.90 and a low
of $1,647.90. Spot gold was bid at $1,684.60 with an ask price of $1,685.60 at
11 a.m., while the London p.m. reference price fix came in at $1,656 per ounce,
according to Kitco market data . Spot silver was up about 1.5% and trading at
$3.21 Bid, $32.31 Ask, having hit a morning high of $32.51 and a low of $31.29.
Fridays reference price was set at $32 an ounce in the London a.m. Gold and
silver trusts were up sharply in exchange trading. The SPDR Gold Trust (AMEX:
GLD ) was 1.8% higher. The iShares Gold Trust (AMEX: IAU ) was up over 1.8%. The
iShares Silver Trust (AMEX: SLV ) was nearly 1.4% higher. Gold and silver mining
ETFs also were showing gains. The Market Vectors Gold Miners ETF (AMEX: GDX )
was nearly 1.4% higher. The Market Vectors Junior Gold Miners ETF (AMEX: GDXJ )
was up 0.2%. The Global X Silver Miners ETF (AMEX: SIL ) was 0.7% higher. Shares
of gold miners were showing strong gains. Agnico-Eagle Mines (USA) (NYSE: AEM )
was around 0.5% higher. Barrick Gold Corp. (NYSE: ABX ) was more than 1.3%
higher. Goldcorp (NYSE: GG ) was up nearly 1.4%. Newmont Mining Corp. (NYSE: NEM
) was more than 1.1% higher. NovaGold Resources (USA) (AMEX: NG ) was around
1.5% higher. Silver miners shares were mixed. Coeur DAlene Mines Corp. (NYSE:
CDE ) was down nearly 0.5%. Hecla Mining (NYSE: HL ) was between 0.6% and 0.9%
lower. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was up around 0.8%.
Silver Wheaton Corp. (USA) (NYSE: SLW ) was showing gains of more than 2.9%.
Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was up over 0.7%. As of
this writing, Andrew Burger did not own a position in any of the aforementioned
stocks.
Lindsay Lohan To Pose For Playboy Rumor: LiLo Stock Index Up Over 70%
You have to admit, Lindsay Lohan, the famous and occasionally notorious actress
and singer, has a knack for getting her name in the news, whether intentionally
or not. According to a recent article at OMG !, a source has said that Lohan has
signed a contract with Playboy to pose nude for a spread in the magazine. She is
reportedly being paid somewhere between $750,000 and $1,000,000. What is nice
about all the publicity that celebrities get is the ability to promote products
and services for various companies that they are affiliated with. This includes
motion picture distributors of movies that they appear in, products that they
promote on television commercials, and even products that you see then use or
drive. A perfect example is the Apple (AAPL) iPhone that Lindsay Lohan has been
seen using. When you look at all these companies, a Celebrity Stock Index ™
can be compiled and compared to the Dow Jones Industrial Average or the S&P 500.
Stockerblog.com has developed numerous Celebrity Stock Indexes, including Gisele
Bunchen , Heidi Klum , and Angelina Jolie . At WallStreetNewsNetwork.com, you
can also find free downloadable lists of stocks in celebrity indices including
The Beatles and Charlie Sheen . So lets take a look at Lohan and see what
companies she is affiliated with. First, you can no longer invest in Playboy as
Hugh Hefner took the company private several months ago. Lohan starred in The
Parent Trap, Freaky Friday, Confessions of a Teenage Drama Queen, Herbie: Fully
Loaded , and the TV show on ABC, Ugly Betty , all distributed by Disney (DIS).
She received numerous awards including Young Artist Award for Best Performance
in a Feature Film Leading Young Actress, MTV Movie Award for Breakthrough Female
Performance, Teen Choice Award for Choice Movie Breakout Star. The Disney stock
pays a yield of 1.1% and trades at 12 times forward earnings. She also received
several awards for her starring role in Mean Girls , a Paramount Pictures
release. Paramount is owned by Viacom (VIA). The stock yields 1.9% and trades at
12.2 times forward earnings. Lohan also appeared in a couple of movies for News
Corporation's (NWS) 20th Century Fox, Just My Luck and Machete . News Corp. pays
a yield of 1.1% and has a forward price to earnings ratio of 10. Lohan has been
seen numerous times wearing Ray-Ban sunglasses, produced by Luxottica Group
S.p.A. (LUX) and recorded some albums on the Casablanca Records label, which is
owned by Vivendi SA (VIV). These include Speak and A Little More Personal . What
is amazing is that is you track all these stocks as an index and compare it to
the Dow Jones Industrial Average starting January of 2010, you will discover
that the LiLo Index substantially outperforms the Dow. As a matter of fact, the
LiLo Index was up 71.8% versus only 16.3% for the Dow during the same time
frame. Of course, a lot of the growth of the LiLo was due to Apple more than
doubling, but even if you back out Apple, Lindsay Lohan is still up 27.4%. Since
a picture is worth a thousand words, you should check out the chart. There are a
few other companies which are part of the Lindsay Lohan Stock Index which can be
found at WallStreetNewsNetwork.com. To see a free list of all the stocks in the
Lindsay Lohan Stock Index, along with financials and the connection to Lohan, go
to WallStreetNewsNetwork.com. Disclosure: Author owns AAPL and DIS. No celebrity
endorsement is expressed or implied. No investment recommendations are expressed
or implied. By Stockerblog.com
and singer, has a knack for getting her name in the news, whether intentionally
or not. According to a recent article at OMG !, a source has said that Lohan has
signed a contract with Playboy to pose nude for a spread in the magazine. She is
reportedly being paid somewhere between $750,000 and $1,000,000. What is nice
about all the publicity that celebrities get is the ability to promote products
and services for various companies that they are affiliated with. This includes
motion picture distributors of movies that they appear in, products that they
promote on television commercials, and even products that you see then use or
drive. A perfect example is the Apple (AAPL) iPhone that Lindsay Lohan has been
seen using. When you look at all these companies, a Celebrity Stock Index ™
can be compiled and compared to the Dow Jones Industrial Average or the S&P 500.
Stockerblog.com has developed numerous Celebrity Stock Indexes, including Gisele
Bunchen , Heidi Klum , and Angelina Jolie . At WallStreetNewsNetwork.com, you
can also find free downloadable lists of stocks in celebrity indices including
The Beatles and Charlie Sheen . So lets take a look at Lohan and see what
companies she is affiliated with. First, you can no longer invest in Playboy as
Hugh Hefner took the company private several months ago. Lohan starred in The
Parent Trap, Freaky Friday, Confessions of a Teenage Drama Queen, Herbie: Fully
Loaded , and the TV show on ABC, Ugly Betty , all distributed by Disney (DIS).
She received numerous awards including Young Artist Award for Best Performance
in a Feature Film Leading Young Actress, MTV Movie Award for Breakthrough Female
Performance, Teen Choice Award for Choice Movie Breakout Star. The Disney stock
pays a yield of 1.1% and trades at 12 times forward earnings. She also received
several awards for her starring role in Mean Girls , a Paramount Pictures
release. Paramount is owned by Viacom (VIA). The stock yields 1.9% and trades at
12.2 times forward earnings. Lohan also appeared in a couple of movies for News
Corporation's (NWS) 20th Century Fox, Just My Luck and Machete . News Corp. pays
a yield of 1.1% and has a forward price to earnings ratio of 10. Lohan has been
seen numerous times wearing Ray-Ban sunglasses, produced by Luxottica Group
S.p.A. (LUX) and recorded some albums on the Casablanca Records label, which is
owned by Vivendi SA (VIV). These include Speak and A Little More Personal . What
is amazing is that is you track all these stocks as an index and compare it to
the Dow Jones Industrial Average starting January of 2010, you will discover
that the LiLo Index substantially outperforms the Dow. As a matter of fact, the
LiLo Index was up 71.8% versus only 16.3% for the Dow during the same time
frame. Of course, a lot of the growth of the LiLo was due to Apple more than
doubling, but even if you back out Apple, Lindsay Lohan is still up 27.4%. Since
a picture is worth a thousand words, you should check out the chart. There are a
few other companies which are part of the Lindsay Lohan Stock Index which can be
found at WallStreetNewsNetwork.com. To see a free list of all the stocks in the
Lindsay Lohan Stock Index, along with financials and the connection to Lohan, go
to WallStreetNewsNetwork.com. Disclosure: Author owns AAPL and DIS. No celebrity
endorsement is expressed or implied. No investment recommendations are expressed
or implied. By Stockerblog.com
Tuesday Apple Rumors — iPhones Limping on Sprint Network
Here are your Apple rumors and news items for Tuesday: Sprint, Apple Working to
Fix Limping iPhone on Network: The iPhone 4S Oct. 14 debut should have been an
auspicious moment for notorious third-placer Sprint (NYSE: S ), but Apple s
(NASDAQ: AAPL ) device has been suffering some problems on the telecoms network.
According to a report at 9 to 5 Mac , Sprint iPhones have been troubled by
terribly slow data speeds . An Internal email is said to be circulating around
both companies, stating that a remedy for the problems is in the works. The
report also claims users actually joined Sprint seeking more reliable, fast data
transfer speeds. Given how badly Sprint needs a hit product to lure in new
subscribers, these growing pains are especially troubling for the company. China
Mobile Scores 10 Million iPhone Users: The iPhone 4S was expected to be the
first device in Apples smartphone stable to be officially supported by Chinas
largest telecom, China Mobile (NYSE: CHL ). Despite rumors of a partnership
between the two companies , China Mobile remains an unofficial iPhone carrier.
That doesnt mean it doesnt have many iPhones on its network, though. China
Mobile chairman Wang Jianzhou told Reuters on Monday that his company has 10
million unlocked iPhones in use on its network . Jianzhou claimed his company
will start officially supporting the iPhone when Apple introduces a 4G model
compatible with LTE networks, something Apple promised to provide. China Unicom
(NYSE: CHU ) remains the only official iPhone carrier in China. Jobs Biography
on Track to Be Amazons 2011 Bestseller: A Monday report at Reuters said that
Walter Isaacsons new book Steve Jobs is on track to be Amazon s (NASDAQ: AMZN )
best-selling book of 2011. Amazon spokeswoman Brittany Turner did not, however,
say whether physical copies of the book or digital versions sold through the
Kindle Store are selling better. The book also is the No. 1 seller in Apples
iBookstore. As of this writing, InvestorPlace Consumer and Technology Writer
Anthony John Agnello did not own a position in any of the stocks named here.
Follow him on Twitter at
Fix Limping iPhone on Network: The iPhone 4S Oct. 14 debut should have been an
auspicious moment for notorious third-placer Sprint (NYSE: S ), but Apple s
(NASDAQ: AAPL ) device has been suffering some problems on the telecoms network.
According to a report at 9 to 5 Mac , Sprint iPhones have been troubled by
terribly slow data speeds . An Internal email is said to be circulating around
both companies, stating that a remedy for the problems is in the works. The
report also claims users actually joined Sprint seeking more reliable, fast data
transfer speeds. Given how badly Sprint needs a hit product to lure in new
subscribers, these growing pains are especially troubling for the company. China
Mobile Scores 10 Million iPhone Users: The iPhone 4S was expected to be the
first device in Apples smartphone stable to be officially supported by Chinas
largest telecom, China Mobile (NYSE: CHL ). Despite rumors of a partnership
between the two companies , China Mobile remains an unofficial iPhone carrier.
That doesnt mean it doesnt have many iPhones on its network, though. China
Mobile chairman Wang Jianzhou told Reuters on Monday that his company has 10
million unlocked iPhones in use on its network . Jianzhou claimed his company
will start officially supporting the iPhone when Apple introduces a 4G model
compatible with LTE networks, something Apple promised to provide. China Unicom
(NYSE: CHU ) remains the only official iPhone carrier in China. Jobs Biography
on Track to Be Amazons 2011 Bestseller: A Monday report at Reuters said that
Walter Isaacsons new book Steve Jobs is on track to be Amazon s (NASDAQ: AMZN )
best-selling book of 2011. Amazon spokeswoman Brittany Turner did not, however,
say whether physical copies of the book or digital versions sold through the
Kindle Store are selling better. The book also is the No. 1 seller in Apples
iBookstore. As of this writing, InvestorPlace Consumer and Technology Writer
Anthony John Agnello did not own a position in any of the stocks named here.
Follow him on Twitter at
A Volatility View of Netflix Earnings
Earnings announcements tend to leave an indelible impression on an implied
volatility chart. The anticipation of these important quarterly events leads to
an all-but-guaranteed rise in volatility. But what happens afterward? The
resolution of the announcement leads to a swift drop in volatility. Earnings,
then, are the underlying catalyst behind the cyclical fall and rise in stocks'
– and, therefore, options' implied volatility. When structuring an options
play around earnings, you must first take into consideration this pre-earnings
volatility ramp-up and subsequent post-earnings volatility beat-down. Heading
into earnings, option sellers seek to exploit the "volatility crush" (i.e.,
when implied volatility spikes due to uncertainty about future price moves but
then quickly retreats), while option buyers look to fight against it. In the
end, the success of either party comes down to how well the options priced in
the earnings gap. The market is usually quite efficient and, the majority of the
time, options actually overprice the earnings gap. Selling volatility in front
of earnings can yield a profit more times than not. It is for this reason that
many experienced options traders lean toward selling options into earnings
versus buying. Trouble arises, however, when the occasional outlier event takes
place where a stock gaps considerably more than expected. Such an outcome
represents the true risk of perpetually selling options into earnings. At some
point, you have to pay the piper. Consider the formerly loved, yet currently
scorned Netflix (NASDAQ: NFLX ) for example. Heading into last night's
earnings, NFLX was trading around $119. A pre-earnings options trading strategy
that many traders use is called the use the "straddle." That's when they
buy both the at-the-money call option and the at-the-money put. The idea behind
this strategy is to use it when you don't know whether the stock will go up or
down, and your goal is to make more on the "winning" option than you lose on
the "losing" one. In the case of Netflix, the weekly October 120 straddle
was pricing in about an $18.40 (or 15%) move in either direction. While
volatility was elevated heading into earnings, it wasn't high enough – not
even close. Today's monster gap lower to $76 resulted in the October 120
straddle surging in value to $42.80 a 232% increase! This go-around, put option
buyers were handsomely rewarded while those seeking to profit from the
volatility crush were punished. At the time of this writing, Tyler Craig had no
positions in Netflix.
volatility chart. The anticipation of these important quarterly events leads to
an all-but-guaranteed rise in volatility. But what happens afterward? The
resolution of the announcement leads to a swift drop in volatility. Earnings,
then, are the underlying catalyst behind the cyclical fall and rise in stocks'
– and, therefore, options' implied volatility. When structuring an options
play around earnings, you must first take into consideration this pre-earnings
volatility ramp-up and subsequent post-earnings volatility beat-down. Heading
into earnings, option sellers seek to exploit the "volatility crush" (i.e.,
when implied volatility spikes due to uncertainty about future price moves but
then quickly retreats), while option buyers look to fight against it. In the
end, the success of either party comes down to how well the options priced in
the earnings gap. The market is usually quite efficient and, the majority of the
time, options actually overprice the earnings gap. Selling volatility in front
of earnings can yield a profit more times than not. It is for this reason that
many experienced options traders lean toward selling options into earnings
versus buying. Trouble arises, however, when the occasional outlier event takes
place where a stock gaps considerably more than expected. Such an outcome
represents the true risk of perpetually selling options into earnings. At some
point, you have to pay the piper. Consider the formerly loved, yet currently
scorned Netflix (NASDAQ: NFLX ) for example. Heading into last night's
earnings, NFLX was trading around $119. A pre-earnings options trading strategy
that many traders use is called the use the "straddle." That's when they
buy both the at-the-money call option and the at-the-money put. The idea behind
this strategy is to use it when you don't know whether the stock will go up or
down, and your goal is to make more on the "winning" option than you lose on
the "losing" one. In the case of Netflix, the weekly October 120 straddle
was pricing in about an $18.40 (or 15%) move in either direction. While
volatility was elevated heading into earnings, it wasn't high enough – not
even close. Today's monster gap lower to $76 resulted in the October 120
straddle surging in value to $42.80 a 232% increase! This go-around, put option
buyers were handsomely rewarded while those seeking to profit from the
volatility crush were punished. At the time of this writing, Tyler Craig had no
positions in Netflix.
The Gold Price Leapt Straight Up to $1,705, Next Resistance at $1,725, $1,750 Then The Big Heart Stopper $1,800
Gold Price Close Today : 1651.50 Change : 16.40 or 1.0% Silver Price Close
Today : 31.620 Change : 0.447 cents or 1.4% Gold Silver Ratio Today : 52.23
Change : -0.223 or -0.4% Silver Gold Ratio Today : 0.01915 Change : 0.000081 or
0.4% Platinum Price Close Today : 1566.00 Change : 22.80 or 1.5% Palladium Price
Close Today : 641.55 Change : 1.55 or 0.2% S&P 500 : 1,229.05 Change : -25.14 or
-2.0% Dow In GOLD$ : $146.53 Change : $ (4.07) or -2.7% Dow in GOLD oz : 7.088
Change : -0.197 or -2.7% Dow in SILVER oz : 370.23 Change : -11.95 or -3.1% Dow
Industrial : 11,706.62 Change : -207.00 or -1.7% US Dollar Index : 76.04 Change
: -0.474 or -0.6% I reckon that WAS an upside down head and shoulders on the
GOLD PRICE chart. Once gold cleared that $1,660 neckline about 10:00 a.m.
(taking off with a runaway gap) it never even paused until $1,685, took a deep
breath, then leapt clean to $1,705. Friends, by the time the janitor pulled out
the broom on Comex, the GOLD PRICE had added $48.10 (2.9%) and stood at
$1,699.60. In the aftermarket it's shoving against $1,705 resistance. Y'all see
how those government surprise parties can mess with markets? Gold was building a
rally anyway, but that goose from the dithering Eurocrats really put power
behind it. Measured target for this rise is $1,715, but as long as that European
party is raging, gold can keep on rising. $1,725 stands next resistance, then
$1,750, then the big heart-stopper at $1,800. I still expect we will see another
decline for a final kiss goodbye to the September lows (not that the price will
reach that far necessarily, only that a double bottom will appear), but for
right now y'all don't stand in gold's way, unless y'all want everybody to think
you've left the room when you turn sideways. One last thing: y'all watch that
50DMA, now at $1,742.82. The GOLD PRICE might stop there. Also keep an eye on
$1,775, where gold collapsed in September. Gold might reach that point, too. The
SILVER PRICE was pleased to slap the jaws of all its detractors today. The Comex
janitor found silver up 141.4 cents or 4.5% (if I'm lying, I'm dying) to
3303.4c. Somebody who had BADLY missed the message was selling SILVER about 7:00
a.m. and sold down all the way down to 3139c at 10:00 a.m. Quicker than a
lightning flash, silver gapped up over 3160c and shot straight to 3230c. It
jogged there a little, then shot another 100c straight up to 3320c. In the
aftermarket its trading 3317.5c. The SILVER PRICE is targetting 3400c. Really
would not be a good sign for silver to fall much below 3300c, if it expects to
keep rising. 3350c is the next big barrier. This was a great move today, but
only brings silver back to resistance at the top of its 5 week trading range.
Must move higher tomorrow to confirm its upward ambitions. Today you are
witnessing why you must gird up your loins, swallow hard, and buy SILVER and
GOLD on sharp declines -- because the sharp rises will follow. It's a bull
market. It has an indefatigable upward bias. Yesterday I omitted the other point
I wanted to make from Michael Lewis' little book, Boomerang. He interviewed
Texas hedge fund manager Kyle Bass several years ago. Bass had called the
mortgage collapse in the US and made boatloads with Credit Default Swaps --
think, "bets against mortgage backed securities." But Bass looked at how the
2008 US crisis was handled, and began to realize that a new phase was unfolding:
governments were back-stopping the banks. And it has happened in Europe. Of
course, it's impossible for them to do that, because the banks' bad assets -- in
sovereign debts, derivatives, MBS, you name it -- are so bottomlessly vast no
country could pay them. Yet, that's what they're trying to do. This guarantees a
massive financial crisis, perhaps a collapse. When Lewis asked Bass what he
would tell his mother to buy under these circumstances, Bass shot back, "Guns
and gold." Lewis gave the equivalent of a nervous giggle over that, intensely
uncomfortable with that politically incorrect answer. Yet it was coming from a
man who had a 100% track record. Frankly, I get tired sometimes -- tired of
pointing out the obvious. I reckon "stating the obvious" is my only talent, and
in the land of the blind the one- eyed man is king. Lately I've been remembering
that I have no right to get tired, the world just is what it is, and people
delude themselves as they will, afraid to look the truth in the eyes. The ones
who have ears will hear, and the rest will never hear anything. The music from
Washington and Wall Street will keep drowning everything else out, until the
music stops. The deal in Europe is falling apart, and now the Eurocrats have no
plan to present at the planned meeting on Wednesday. Bankers don't want to take
a 60% haircut on Greek debt, Germans don't want to bail them out. Greed and
pride have driven the banks crazy, since they are being offered 40c on the
dollar for debt that is realistically worth zero. But I reckon that's why they
call them "banks." Bottom line for us: whether they banks take 40% or 60%, WHERE
WILL THE MONEY COME FROM? The ECB will print it, and never mind the transmission
mechanism. And more inflation will beget more inflation, and silver and gold
will thrive. May take a few more months to materialize into a renewed rally, but
'twill happen -- y'all take the word of a one-eyed, natural born fool from
Tennessee on that. Fears out of Europe today sent stocks down, the dollar and
yen up, and goosed gold and silver strongly. The Dow lost 207 points (1.74%),
2/3 of the previous two days' gains, to close at 11,706.62. S&P500 lost 25.14 or
2% to close at 1,229.05. Dow's five day chart peaked a bit above 11,900
yesterday, rolled over, and fell out of bed. If 11,700 cannot hold, then 'twill
hit 11,400 quicker'n a frog can tongue a fly out of the air. The Dow has now
reached its 200 DMA (11,967), a frequent barrier to bear market rallies. The
pattern formed since August, when the Dow fell from the Jaws Of Death, has been
ANOTHER broadening or megaphone pattern. Megaphones are burning up buying power,
a market wrestling and writhing before it gives up. Stocks -- a GUARANTEE for
your retirement, but y'all had better ask exactly WHAT they guarantee. US DOLLAR
INDEX rose 9.4 basis points (0.12%) to 76.122. You can bet your last sovereign
that the NGM from the US and all over the world, along with the Central Bank
Yellow Running Dogs, are working like threshing machines trying to keep that
dollar from running away. Euro closed 139.02, down 0.19%. Yen made a new all
time intraday high at 132.04c/(Y75.73= $1), closed 131.47, and is trying to take
off. 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$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Today : 31.620 Change : 0.447 cents or 1.4% Gold Silver Ratio Today : 52.23
Change : -0.223 or -0.4% Silver Gold Ratio Today : 0.01915 Change : 0.000081 or
0.4% Platinum Price Close Today : 1566.00 Change : 22.80 or 1.5% Palladium Price
Close Today : 641.55 Change : 1.55 or 0.2% S&P 500 : 1,229.05 Change : -25.14 or
-2.0% Dow In GOLD$ : $146.53 Change : $ (4.07) or -2.7% Dow in GOLD oz : 7.088
Change : -0.197 or -2.7% Dow in SILVER oz : 370.23 Change : -11.95 or -3.1% Dow
Industrial : 11,706.62 Change : -207.00 or -1.7% US Dollar Index : 76.04 Change
: -0.474 or -0.6% I reckon that WAS an upside down head and shoulders on the
GOLD PRICE chart. Once gold cleared that $1,660 neckline about 10:00 a.m.
(taking off with a runaway gap) it never even paused until $1,685, took a deep
breath, then leapt clean to $1,705. Friends, by the time the janitor pulled out
the broom on Comex, the GOLD PRICE had added $48.10 (2.9%) and stood at
$1,699.60. In the aftermarket it's shoving against $1,705 resistance. Y'all see
how those government surprise parties can mess with markets? Gold was building a
rally anyway, but that goose from the dithering Eurocrats really put power
behind it. Measured target for this rise is $1,715, but as long as that European
party is raging, gold can keep on rising. $1,725 stands next resistance, then
$1,750, then the big heart-stopper at $1,800. I still expect we will see another
decline for a final kiss goodbye to the September lows (not that the price will
reach that far necessarily, only that a double bottom will appear), but for
right now y'all don't stand in gold's way, unless y'all want everybody to think
you've left the room when you turn sideways. One last thing: y'all watch that
50DMA, now at $1,742.82. The GOLD PRICE might stop there. Also keep an eye on
$1,775, where gold collapsed in September. Gold might reach that point, too. The
SILVER PRICE was pleased to slap the jaws of all its detractors today. The Comex
janitor found silver up 141.4 cents or 4.5% (if I'm lying, I'm dying) to
3303.4c. Somebody who had BADLY missed the message was selling SILVER about 7:00
a.m. and sold down all the way down to 3139c at 10:00 a.m. Quicker than a
lightning flash, silver gapped up over 3160c and shot straight to 3230c. It
jogged there a little, then shot another 100c straight up to 3320c. In the
aftermarket its trading 3317.5c. The SILVER PRICE is targetting 3400c. Really
would not be a good sign for silver to fall much below 3300c, if it expects to
keep rising. 3350c is the next big barrier. This was a great move today, but
only brings silver back to resistance at the top of its 5 week trading range.
Must move higher tomorrow to confirm its upward ambitions. Today you are
witnessing why you must gird up your loins, swallow hard, and buy SILVER and
GOLD on sharp declines -- because the sharp rises will follow. It's a bull
market. It has an indefatigable upward bias. Yesterday I omitted the other point
I wanted to make from Michael Lewis' little book, Boomerang. He interviewed
Texas hedge fund manager Kyle Bass several years ago. Bass had called the
mortgage collapse in the US and made boatloads with Credit Default Swaps --
think, "bets against mortgage backed securities." But Bass looked at how the
2008 US crisis was handled, and began to realize that a new phase was unfolding:
governments were back-stopping the banks. And it has happened in Europe. Of
course, it's impossible for them to do that, because the banks' bad assets -- in
sovereign debts, derivatives, MBS, you name it -- are so bottomlessly vast no
country could pay them. Yet, that's what they're trying to do. This guarantees a
massive financial crisis, perhaps a collapse. When Lewis asked Bass what he
would tell his mother to buy under these circumstances, Bass shot back, "Guns
and gold." Lewis gave the equivalent of a nervous giggle over that, intensely
uncomfortable with that politically incorrect answer. Yet it was coming from a
man who had a 100% track record. Frankly, I get tired sometimes -- tired of
pointing out the obvious. I reckon "stating the obvious" is my only talent, and
in the land of the blind the one- eyed man is king. Lately I've been remembering
that I have no right to get tired, the world just is what it is, and people
delude themselves as they will, afraid to look the truth in the eyes. The ones
who have ears will hear, and the rest will never hear anything. The music from
Washington and Wall Street will keep drowning everything else out, until the
music stops. The deal in Europe is falling apart, and now the Eurocrats have no
plan to present at the planned meeting on Wednesday. Bankers don't want to take
a 60% haircut on Greek debt, Germans don't want to bail them out. Greed and
pride have driven the banks crazy, since they are being offered 40c on the
dollar for debt that is realistically worth zero. But I reckon that's why they
call them "banks." Bottom line for us: whether they banks take 40% or 60%, WHERE
WILL THE MONEY COME FROM? The ECB will print it, and never mind the transmission
mechanism. And more inflation will beget more inflation, and silver and gold
will thrive. May take a few more months to materialize into a renewed rally, but
'twill happen -- y'all take the word of a one-eyed, natural born fool from
Tennessee on that. Fears out of Europe today sent stocks down, the dollar and
yen up, and goosed gold and silver strongly. The Dow lost 207 points (1.74%),
2/3 of the previous two days' gains, to close at 11,706.62. S&P500 lost 25.14 or
2% to close at 1,229.05. Dow's five day chart peaked a bit above 11,900
yesterday, rolled over, and fell out of bed. If 11,700 cannot hold, then 'twill
hit 11,400 quicker'n a frog can tongue a fly out of the air. The Dow has now
reached its 200 DMA (11,967), a frequent barrier to bear market rallies. The
pattern formed since August, when the Dow fell from the Jaws Of Death, has been
ANOTHER broadening or megaphone pattern. Megaphones are burning up buying power,
a market wrestling and writhing before it gives up. Stocks -- a GUARANTEE for
your retirement, but y'all had better ask exactly WHAT they guarantee. US DOLLAR
INDEX rose 9.4 basis points (0.12%) to 76.122. You can bet your last sovereign
that the NGM from the US and all over the world, along with the Central Bank
Yellow Running Dogs, are working like threshing machines trying to keep that
dollar from running away. Euro closed 139.02, down 0.19%. Yen made a new all
time intraday high at 132.04c/(Y75.73= $1), closed 131.47, and is trying to take
off. 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 bubble has burst,
primary trend down. 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.
Microsoft Corporation (NASDAQ:MSFT) Signs Cloud Deal At WEF
Microsoft Corporation (NASDAQ:MSFT) Jordan and Umniah has announced the signing
of a Cloud Computing and Collaboration Services agreement at the World Economic
Forum. Microsoft Corporation (NASDAQ:MSFT) Signs Cloud Deal At WEF Under the
proposed deal, Umniah will offer its business users with business productivity
hosting solutions for increased efficiency in productivity and management, using
state-of-the-art Microsoft Corporation (NASDAQ:MSFT) technology that reduce
operational expenses by maximizing the utilization of the IT infrastructure.
Husni Khuffash, Microsoft Corporation (NASDAQ:MSFT) Jordan Country Manager, said
that, Cloud computing is changing the way software is consumed and delivered,
offering tremendous potential for efficiency, cost savings and innovation.
Microsoft Corporation (NASDAQ:MSFT) has been leading the way in cloud computing
for a number of years now, developing services that enable big and small
companies to have a variety of options on how they access and manage
enterprise-class software, and providing customers with increased mobility and
flexibility to meet their evolving business needs.The benefits that Umniahs
customers will gain from this solution include significantly reducing their IT
costs in addition to supporting a far more mobile workplace with access to vital
applications and data being available through a comprehensive range of devices,
from anywhere and at any time. Microsoft Corp. (NASDAQ:MSFT) company shares are
currently standing at 27.19. Price History Last Price: 27.19 52 Week Low / High:
23.65 / 29.46 50 Day Moving Average: 25.93 6 Month Price Change %: 6.4% 12 Month
Price Change %: 6.9%
of a Cloud Computing and Collaboration Services agreement at the World Economic
Forum. Microsoft Corporation (NASDAQ:MSFT) Signs Cloud Deal At WEF Under the
proposed deal, Umniah will offer its business users with business productivity
hosting solutions for increased efficiency in productivity and management, using
state-of-the-art Microsoft Corporation (NASDAQ:MSFT) technology that reduce
operational expenses by maximizing the utilization of the IT infrastructure.
Husni Khuffash, Microsoft Corporation (NASDAQ:MSFT) Jordan Country Manager, said
that, Cloud computing is changing the way software is consumed and delivered,
offering tremendous potential for efficiency, cost savings and innovation.
Microsoft Corporation (NASDAQ:MSFT) has been leading the way in cloud computing
for a number of years now, developing services that enable big and small
companies to have a variety of options on how they access and manage
enterprise-class software, and providing customers with increased mobility and
flexibility to meet their evolving business needs.The benefits that Umniahs
customers will gain from this solution include significantly reducing their IT
costs in addition to supporting a far more mobile workplace with access to vital
applications and data being available through a comprehensive range of devices,
from anywhere and at any time. Microsoft Corp. (NASDAQ:MSFT) company shares are
currently standing at 27.19. Price History Last Price: 27.19 52 Week Low / High:
23.65 / 29.46 50 Day Moving Average: 25.93 6 Month Price Change %: 6.4% 12 Month
Price Change %: 6.9%
Gold Reaches One-Month High, Silver Climbs Above $33
Precious metals posted strong gains on Tuesday as gold and silver futures
rebounded from considerable bouts of weakness in recent weeks. COMEX gold
futures, per the December 2011 contract, rallied $48.10, or 2.9%, to $1,700.40
per ounce.
rebounded from considerable bouts of weakness in recent weeks. COMEX gold
futures, per the December 2011 contract, rallied $48.10, or 2.9%, to $1,700.40
per ounce.
Chinese Stocks: Must-Know News on BIDU, DANG, SINA, YOKU, RENN (Oct 25, 2011)
Baidu.com, Inc. (NASDAQ:BIDU) CEO Robin Li speaks at 2011 Tsinghua Management
Global Forum on Oct. 25. He pointed out three trends in Internet: The first
trend is image-reading technology. The relevancy of text-based search results is
already very good, but the relevancy of image search results is still fairly
bad, often showing results that are different from what users are searching for.
Improvement in this area is a major developing trend in the search business. The
second trend is the middleman businesses. There are more and more vertical
websites linking traditional industries to the Internet. Examples include
vertical websites for the automobile, real estate, home decorations and travel
industries. Combining Internet technology with industry demand will be promising
in the future. The third trend is the growing popularity of applications
("apps"). In the past era of PC-based Internet, users were mainly viewing web
pages, which were static. In the future mobile Internet era, apps combining the
power of cell phone handsets and the cloud may be more powerful than web pages.
The development of apps and their integration with wireless Internet is a
significant trend, which will lead to a very different Internet in several
years. Below are other news stories on Baidu: JPMorgan maintain Overweight
rating on Baidu.com, Inc. (NASDAQ:BIDU), and maintains $197 price target.
Deutsche Bank maintains Buy rating and $190 price target on Baidu.com, Inc.
(NASDAQ:BIDU). Piper Jaffray maintains Overweight rating and $217 price target
on Baidu.com, Inc. (NASDAQ:BIDU). SINA Corporations (NASDAQ:SINA) expansion and
transformation is analyzed by well-known expert Bo Hong. Mr. Hong worried that
Sina may eventually outsmart itself in the process of developing Sina Weibo. By
emphasizing Weibos social networking aspect, Sina may risk slowly diluting and
collapsing the media nature of Weibo. Mr. Hong believes Sina Weibo should
position itself as a social media, not a social networking service. And Sina
Weibo should avoid involving in users private life and avoid becoming a social
communications tool because competitors are very strong in this aspect while
Sina has no experience and resources in it. Excessive publication of private
life will surely dilute Weibos core media value. Below are other news stories on
Sina: Deutsche Bank maintains Hold rating and $98 price target on SINA
Corporation (NASDAQ:SINA). Standard Chartered maintains In-Line rating and $91
price target on SINA Corporation (NASDAQ:SINA). E Commerce China Dangdang Inc
(NYSE:DANG) announces it will invest more than 100 million RMB into its 12th
anniversary on Nov. 9. Best-selling products on Dangdang.com will be discounted
heavily during this campaign. In response to Amazons (NASDAQ:AMZN) entering
publishing business, Dangdang is reportedly planning the launch of a digital
publishing platform that is similar to the Amazon model. Dangdang recently
released the 2.0 version of its application for cell phone handsets. The
brightest spot in this new version was a barcode scanner. It enables consumers
to compare a products online prices with its offline prices while shopping in
physical stores. Dangdang also told reporters that it is developing an
image-recognition system that will enable consumers to get Dangdangs price on a
product by taking a picture of the product in physical stores. Youku.com Inc
(NYSE:YOKU) obtains the right to host the exclusive official video website for
the Chinese version of the Steve Jobs biography authored by Walter Isaacson
(http://steve-jobs.youku.com). Youku believes its services have integrated with
Apple devices very well.
Global Forum on Oct. 25. He pointed out three trends in Internet: The first
trend is image-reading technology. The relevancy of text-based search results is
already very good, but the relevancy of image search results is still fairly
bad, often showing results that are different from what users are searching for.
Improvement in this area is a major developing trend in the search business. The
second trend is the middleman businesses. There are more and more vertical
websites linking traditional industries to the Internet. Examples include
vertical websites for the automobile, real estate, home decorations and travel
industries. Combining Internet technology with industry demand will be promising
in the future. The third trend is the growing popularity of applications
("apps"). In the past era of PC-based Internet, users were mainly viewing web
pages, which were static. In the future mobile Internet era, apps combining the
power of cell phone handsets and the cloud may be more powerful than web pages.
The development of apps and their integration with wireless Internet is a
significant trend, which will lead to a very different Internet in several
years. Below are other news stories on Baidu: JPMorgan maintain Overweight
rating on Baidu.com, Inc. (NASDAQ:BIDU), and maintains $197 price target.
Deutsche Bank maintains Buy rating and $190 price target on Baidu.com, Inc.
(NASDAQ:BIDU). Piper Jaffray maintains Overweight rating and $217 price target
on Baidu.com, Inc. (NASDAQ:BIDU). SINA Corporations (NASDAQ:SINA) expansion and
transformation is analyzed by well-known expert Bo Hong. Mr. Hong worried that
Sina may eventually outsmart itself in the process of developing Sina Weibo. By
emphasizing Weibos social networking aspect, Sina may risk slowly diluting and
collapsing the media nature of Weibo. Mr. Hong believes Sina Weibo should
position itself as a social media, not a social networking service. And Sina
Weibo should avoid involving in users private life and avoid becoming a social
communications tool because competitors are very strong in this aspect while
Sina has no experience and resources in it. Excessive publication of private
life will surely dilute Weibos core media value. Below are other news stories on
Sina: Deutsche Bank maintains Hold rating and $98 price target on SINA
Corporation (NASDAQ:SINA). Standard Chartered maintains In-Line rating and $91
price target on SINA Corporation (NASDAQ:SINA). E Commerce China Dangdang Inc
(NYSE:DANG) announces it will invest more than 100 million RMB into its 12th
anniversary on Nov. 9. Best-selling products on Dangdang.com will be discounted
heavily during this campaign. In response to Amazons (NASDAQ:AMZN) entering
publishing business, Dangdang is reportedly planning the launch of a digital
publishing platform that is similar to the Amazon model. Dangdang recently
released the 2.0 version of its application for cell phone handsets. The
brightest spot in this new version was a barcode scanner. It enables consumers
to compare a products online prices with its offline prices while shopping in
physical stores. Dangdang also told reporters that it is developing an
image-recognition system that will enable consumers to get Dangdangs price on a
product by taking a picture of the product in physical stores. Youku.com Inc
(NYSE:YOKU) obtains the right to host the exclusive official video website for
the Chinese version of the Steve Jobs biography authored by Walter Isaacson
(http://steve-jobs.youku.com). Youku believes its services have integrated with
Apple devices very well.
Buyers Accumulate Shares of Randgold Resources, Up 4.1%
Buyers Accumulate Shares of Randgold Resources, Up 4.1% Financial News Network
Online - 22 minutes ago Randgold Resources (NASDAQ:GOLD) is one of todays
biggest movers, up 4.1% to $108.56. The S&P is currently trading 1.1% lower to
1,240 and the Dow Jones Industrial Average is trading 0.9% lower ...
Online - 22 minutes ago Randgold Resources (NASDAQ:GOLD) is one of todays
biggest movers, up 4.1% to $108.56. The S&P is currently trading 1.1% lower to
1,240 and the Dow Jones Industrial Average is trading 0.9% lower ...
Gold Stocks Upgraded, Gold Surges to $1,700
GOLD STOCKS NEWS Gold stocks turned substantially higher alongside the yellow
metal on Tuesday, with the Market Vectors Gold Miners ETF (GDX) advancing $1.85,
or 3.3%, to $57.88 per share in mid-day trading.
metal on Tuesday, with the Market Vectors Gold Miners ETF (GDX) advancing $1.85,
or 3.3%, to $57.88 per share in mid-day trading.
Todays DJIA Dow Jones Average Index DJX DJI, Nasdaq, S&P 500, World Stock Market News; Investing in Economy USA Mid-Day Today
The trading week in the U.S. opened on positive ground as the momentum that
built last week carried through the weekend to support trend line movement for
the primary stock indices on opening session this week. Investors felt a boost
of confidence as a result of better-than-expected earnings reports and
progressive action planing pertaining to the debt bailout resolution process in
Europe. Global stocks were stronger yesterday and this positive action spilled
over into the U.S. session yesterday. Prior to opening bell in the U.S. today
though, stock futures for the DJIA, as well as the Nasdaq and the S&P 500, were
posting in the red. Stocks were positioned for the lower open at that time and
remained lower. Global market indicators are mixed today. The Nikkei in Japan
closed down by .92 percent but the Shanghai composite in China and the Hang Seng
in Hon Kong both finished on the positive side of break-even. European stocks
finished their respective session lower. The primary European indices closed out
in the red. As the trading session in the U.S. reached the mid-day mark, the
primary stock indices were red as well. The DJIA was red by .88 percent at
11,808.95. The Nasdaq was red by 1.30 percent at 2,664.40 and the S&P 500 was
red by 1.16 percent at 1,239.71. Investors remain anxious over the debt crisis
resolution process ongoing in Europe. Frank Matto
built last week carried through the weekend to support trend line movement for
the primary stock indices on opening session this week. Investors felt a boost
of confidence as a result of better-than-expected earnings reports and
progressive action planing pertaining to the debt bailout resolution process in
Europe. Global stocks were stronger yesterday and this positive action spilled
over into the U.S. session yesterday. Prior to opening bell in the U.S. today
though, stock futures for the DJIA, as well as the Nasdaq and the S&P 500, were
posting in the red. Stocks were positioned for the lower open at that time and
remained lower. Global market indicators are mixed today. The Nikkei in Japan
closed down by .92 percent but the Shanghai composite in China and the Hang Seng
in Hon Kong both finished on the positive side of break-even. European stocks
finished their respective session lower. The primary European indices closed out
in the red. As the trading session in the U.S. reached the mid-day mark, the
primary stock indices were red as well. The DJIA was red by .88 percent at
11,808.95. The Nasdaq was red by 1.30 percent at 2,664.40 and the S&P 500 was
red by 1.16 percent at 1,239.71. Investors remain anxious over the debt crisis
resolution process ongoing in Europe. Frank Matto
Todays Gold price per ounce Spot gold price per gram; Silver price per ounce; Gold Silver Rate News today Mid-Day
Investor uncertainty is pushing higher in the current market environment and
this uncertainty may be helping to support precious metal gold and silver
acquisition. Gold price per ounce rates and silver price per ounce rates climbed
the ladder during this weeks opening trading session. Contract gold closed
higher by .99 percent last session and contract silver closed higher by 1.45
percent. Both metals made noteworthy gains during the day. Prior to opening bell
this morning, spot gold price per gram rates and spot silver price per ounce
rates continued to show trend line movement on the positive side of break-even.
Safe haven appeal of precious metals may be supported right now due to the
uncertainty surrounding the debt crisis resolution process playing out in the
eurozone. News will break via the European summit conclusion on Wednesday. News
will relate to the action planning for debt resolution, and the expectations are
high. With only one day left before plans are made public, global investors are
beginning to feel the pressure. Precious metal gold and silver prices have
pushed higher in this global economic climate. As the trading session touched
the mid-day mark today in the U.S.A., precious metal contract gold and silver
price rates continued to post green. The primary stock indices were struggling
and posting red at the time. Contract gold for December delivery was higher by
2.13 percent at 1687.50 per troy ounce. Silver contract was higher by 1.96
percent at 32.26 per troy ounce according to mid-day electronic price posting.
Spot gold and spot silver were still trending higher at this point as well. Spot
gold price rate per gram was green by 1.41 at 54.54 and spot silver price rate
per ounce was higher by .99 at 32.63. Camillo Zucari
this uncertainty may be helping to support precious metal gold and silver
acquisition. Gold price per ounce rates and silver price per ounce rates climbed
the ladder during this weeks opening trading session. Contract gold closed
higher by .99 percent last session and contract silver closed higher by 1.45
percent. Both metals made noteworthy gains during the day. Prior to opening bell
this morning, spot gold price per gram rates and spot silver price per ounce
rates continued to show trend line movement on the positive side of break-even.
Safe haven appeal of precious metals may be supported right now due to the
uncertainty surrounding the debt crisis resolution process playing out in the
eurozone. News will break via the European summit conclusion on Wednesday. News
will relate to the action planning for debt resolution, and the expectations are
high. With only one day left before plans are made public, global investors are
beginning to feel the pressure. Precious metal gold and silver prices have
pushed higher in this global economic climate. As the trading session touched
the mid-day mark today in the U.S.A., precious metal contract gold and silver
price rates continued to post green. The primary stock indices were struggling
and posting red at the time. Contract gold for December delivery was higher by
2.13 percent at 1687.50 per troy ounce. Silver contract was higher by 1.96
percent at 32.26 per troy ounce according to mid-day electronic price posting.
Spot gold and spot silver were still trending higher at this point as well. Spot
gold price rate per gram was green by 1.41 at 54.54 and spot silver price rate
per ounce was higher by .99 at 32.63. Camillo Zucari
Apple Inc. (NASDAQ:AAPL) To Introduce In-Store Pickup
Apple Inc. (NASDAQ:AAPL) has decided to roll out in-store pickup option for
online purchases. Apple Inc. (NASDAQ:AAPL) To Introduce In-Store Pickup Various
reports says that the US based technology giant Apple Inc. (NASDAQ:AAPL) is
planning to introduce a new pilot program that will allow customers to pickup
orders placed through the companys online store. Initially the program is
reportedly said to launch at selected Apple Inc. (NASDAQ:AAPL) retail stores and
will expand to more locations over time. Apple Inc. (NASDAQ:AAPL) shares are
currently standing at 405.77. Price History Last Price: 405.77 52 Week Low /
High: 297.76 / 426.7 50 Day Moving Average: 388.75 6 Month Price Change %: 12.0%
12 Month Price Change %: 26.9%
online purchases. Apple Inc. (NASDAQ:AAPL) To Introduce In-Store Pickup Various
reports says that the US based technology giant Apple Inc. (NASDAQ:AAPL) is
planning to introduce a new pilot program that will allow customers to pickup
orders placed through the companys online store. Initially the program is
reportedly said to launch at selected Apple Inc. (NASDAQ:AAPL) retail stores and
will expand to more locations over time. Apple Inc. (NASDAQ:AAPL) shares are
currently standing at 405.77. Price History Last Price: 405.77 52 Week Low /
High: 297.76 / 426.7 50 Day Moving Average: 388.75 6 Month Price Change %: 12.0%
12 Month Price Change %: 26.9%
Bulls Have a Chance to Romp, But Not Much
The stock market continued its three-day rally yesterday as Nasdaq turned
profitable for the year, driven by a surge in technology stocks (up 1.9%). And
the S&P 500 rose 1.3%, finishing just below break-even for the year. But can it
continue based primarily on the expectations that European leaders might offer a
resolution to their debt crisis this week? Click to Enlarge The Nasdaq led all
other indices, up 2.25%, with the DJIA up 0.89% and the S&P 500 gaining 1.29%.
Volume on the NYSE failed to reach the 1 billion mark, trading just 926 million
shares, and the Nasdaq traded 486 million shares. Advancers exceeded decliners
by just more than 4-to-1 on both exchanges. The leading index, the Nasdaq, broke
from its three-month pattern by smashing resistance at the October high of
2,667, then its 200-day moving average at 2,692. They now become the first and
second support lines. Click to Enlarge The S&P 500 broke from its holding
pattern at 1,230 and also broke the trend line at Friday's high at 1,239. The
next resistance is at the neckline break of early August at 1,260 and then the
200-day moving average at 1,275. These breaks reverse both the near- and
intermediate-term trends for the 500 to "up." After a bleak summer, the
bulls finally have an opportunity to attack the substantial overhead that was
outlined as a "red zone" in Friday's DTA. I wish I could say this will be
a quick run to a new bull market, but the evidence doesn't support that
conclusion: First is the enormous overhead; next, the 200-day moving average
convergence with the July trend line represents important resistance; and
finally, higher volume is needed to overcome potential sellers. To put the
volume number into perspective, one service noted that yesterday the S&P 500
SPDR (AMEX: SPY ) traded just 64% of its average daily volume. This could
continue for a short time, but it is indicative of a lack of commitment. But a
breakout has occurred, and so in the very near term (this week), stocks could
continue to move higher. Short-term traders should have already covered their
shorts with stop-loss orders a policy that the DTA has advised numerous times.
However, they should prepare to re-enter them later this week. The market has
risen in anticipation of a European bailout plan in the order of 1.3 trillion
euros that will be accepted by all common market members. Even if this unlikely
plan were to be adopted, the news will be out and after a quick rally, stocks
most likely will reverse from a buying climax "buy on rumor, sell on news."
If you're looking for trades in the meantime,
profitable for the year, driven by a surge in technology stocks (up 1.9%). And
the S&P 500 rose 1.3%, finishing just below break-even for the year. But can it
continue based primarily on the expectations that European leaders might offer a
resolution to their debt crisis this week? Click to Enlarge The Nasdaq led all
other indices, up 2.25%, with the DJIA up 0.89% and the S&P 500 gaining 1.29%.
Volume on the NYSE failed to reach the 1 billion mark, trading just 926 million
shares, and the Nasdaq traded 486 million shares. Advancers exceeded decliners
by just more than 4-to-1 on both exchanges. The leading index, the Nasdaq, broke
from its three-month pattern by smashing resistance at the October high of
2,667, then its 200-day moving average at 2,692. They now become the first and
second support lines. Click to Enlarge The S&P 500 broke from its holding
pattern at 1,230 and also broke the trend line at Friday's high at 1,239. The
next resistance is at the neckline break of early August at 1,260 and then the
200-day moving average at 1,275. These breaks reverse both the near- and
intermediate-term trends for the 500 to "up." After a bleak summer, the
bulls finally have an opportunity to attack the substantial overhead that was
outlined as a "red zone" in Friday's DTA. I wish I could say this will be
a quick run to a new bull market, but the evidence doesn't support that
conclusion: First is the enormous overhead; next, the 200-day moving average
convergence with the July trend line represents important resistance; and
finally, higher volume is needed to overcome potential sellers. To put the
volume number into perspective, one service noted that yesterday the S&P 500
SPDR (AMEX: SPY ) traded just 64% of its average daily volume. This could
continue for a short time, but it is indicative of a lack of commitment. But a
breakout has occurred, and so in the very near term (this week), stocks could
continue to move higher. Short-term traders should have already covered their
shorts with stop-loss orders a policy that the DTA has advised numerous times.
However, they should prepare to re-enter them later this week. The market has
risen in anticipation of a European bailout plan in the order of 1.3 trillion
euros that will be accepted by all common market members. Even if this unlikely
plan were to be adopted, the news will be out and after a quick rally, stocks
most likely will reverse from a buying climax "buy on rumor, sell on news."
If you're looking for trades in the meantime,
Is Now the Time to Invest in Short Oil Funds?
"Oil is like a wild animal," oil tycoon J. Paul Getty once said. "Whoever
captures it has it." It doesn't matter much whether that wild animal is a
bull or bear: Investors who end up on the wrong side of black gold's price
volatility have their share of war wounds to show for it. Since it's difficult
to predict the future, getting a little protection from the ebbs and flows of
oil prices is prudent and short oil funds are one interesting play for wild
times like these. Here's why: Oil prices have swung from a high of more than
$110 a barrel in early May to $82 in August and had inched back up to above $90
by Monday. Oil price volatility is extremely tough to manage, even for experts.
Consider the airline industry, which saw its fuel bill skyrocket by $1 billion
in the first quarter. But when prices fell, airlines' fuel hedges went south,
wreaking havoc with third-quarter earnings. Fuel hedge losses were enough to
turn Southwest Airlines (NYSE: LUV ) $205 million profit from the third quarter
of 2010 into a $140 million loss for the same quarter this year. There's no
magic 8-ball that can predict what direction oil prices are going. On one hand,
Asian economies particularly China and Japan are getting back on track. On the
other hand, Europe is not out of the woods yet in its debt crisis, and the
dollar is gaining ground both factors are likely to depress oil prices. A Libya
without strongman Moammar Gadhafi could increase production, lowering prices.
But the impact of a Libya under Shariah law could have unintended consequences
for oil supply and production. So how can short oil funds help investors when
oil prices are so unpredictable? Short (or inverse) oil funds are a bearish
play, designed to protect investors from a slide in oil prices and a selloff in
oil stocks. Here are four short oil funds to consider: United States Short Oil
Fund (AMEX: DNO ). This ETF moves inverse to the percentage changes in the spot
price of light, sweet crude oil delivered to the Cushing, Okla., oil hub. With
$12.45 million in net assets, it is trading at $41.49 more than 20% above its
52-week high. DNO's year-to-date return is 2.65%. ProShares UltraShort DJ-UBS
Crude Oil (AMEX: SCO ). This ETF seeks results equal to twice (200%) the inverse
of the daily performance of the Dow Jones UBS Crude Oil Sub-Index. With $46.34
million in assets, it is trading at $48.64 more than 37% above its 52-week low.
SCO's year-to-date return is 1.47%. PowerShares DB Crude Oil Double Short
(AMEX: DTO ). This ETN offers twice the monthly inverse performance of the
Deutsche Bank Liquid Commodity Index-Optimum Yield Oil Excess Return and the
monthly T-Bill return. With net assets of $297.14 million, it is trading at
$53.16 more than 44% above its 52-week low. DTO's year-to-date market
performance is 14.13%. PowerShares DB Crude Oil Short (AMEX: SZO ). This ETN
tracks the Deutsche Bank Liquid Commodity Index-Optimum Yield Oil Excess Return
and allows investors to take a short view on the performance of the index. With
net assets of $13.34 million, it is trading at $45.57 up more than 22% above
its 52-week low. SZO's year-to-date return is 7.13%. As of this writing, Susan
J. Aluise did not hold a position in any of the aforementioned stocks.
captures it has it." It doesn't matter much whether that wild animal is a
bull or bear: Investors who end up on the wrong side of black gold's price
volatility have their share of war wounds to show for it. Since it's difficult
to predict the future, getting a little protection from the ebbs and flows of
oil prices is prudent and short oil funds are one interesting play for wild
times like these. Here's why: Oil prices have swung from a high of more than
$110 a barrel in early May to $82 in August and had inched back up to above $90
by Monday. Oil price volatility is extremely tough to manage, even for experts.
Consider the airline industry, which saw its fuel bill skyrocket by $1 billion
in the first quarter. But when prices fell, airlines' fuel hedges went south,
wreaking havoc with third-quarter earnings. Fuel hedge losses were enough to
turn Southwest Airlines (NYSE: LUV ) $205 million profit from the third quarter
of 2010 into a $140 million loss for the same quarter this year. There's no
magic 8-ball that can predict what direction oil prices are going. On one hand,
Asian economies particularly China and Japan are getting back on track. On the
other hand, Europe is not out of the woods yet in its debt crisis, and the
dollar is gaining ground both factors are likely to depress oil prices. A Libya
without strongman Moammar Gadhafi could increase production, lowering prices.
But the impact of a Libya under Shariah law could have unintended consequences
for oil supply and production. So how can short oil funds help investors when
oil prices are so unpredictable? Short (or inverse) oil funds are a bearish
play, designed to protect investors from a slide in oil prices and a selloff in
oil stocks. Here are four short oil funds to consider: United States Short Oil
Fund (AMEX: DNO ). This ETF moves inverse to the percentage changes in the spot
price of light, sweet crude oil delivered to the Cushing, Okla., oil hub. With
$12.45 million in net assets, it is trading at $41.49 more than 20% above its
52-week high. DNO's year-to-date return is 2.65%. ProShares UltraShort DJ-UBS
Crude Oil (AMEX: SCO ). This ETF seeks results equal to twice (200%) the inverse
of the daily performance of the Dow Jones UBS Crude Oil Sub-Index. With $46.34
million in assets, it is trading at $48.64 more than 37% above its 52-week low.
SCO's year-to-date return is 1.47%. PowerShares DB Crude Oil Double Short
(AMEX: DTO ). This ETN offers twice the monthly inverse performance of the
Deutsche Bank Liquid Commodity Index-Optimum Yield Oil Excess Return and the
monthly T-Bill return. With net assets of $297.14 million, it is trading at
$53.16 more than 44% above its 52-week low. DTO's year-to-date market
performance is 14.13%. PowerShares DB Crude Oil Short (AMEX: SZO ). This ETN
tracks the Deutsche Bank Liquid Commodity Index-Optimum Yield Oil Excess Return
and allows investors to take a short view on the performance of the index. With
net assets of $13.34 million, it is trading at $45.57 up more than 22% above
its 52-week low. SZO's year-to-date return is 7.13%. As of this writing, Susan
J. Aluise did not hold a position in any of the aforementioned stocks.
A Stock Flying High on Apple’s Tailwinds
As you probably know, Apple 's (NASDAQ: AAPL ) earnings last week were a rare
disappointment, thanks in large part to lackluster iPhone 4 sales. Well, no
kidding. Would you have bought an iPhone 4 in the past month or two if you knew
the latest, greatest version was going to be released in October? A lot of
people did, of course, which is one reason Verizon 's (NYSE: VZ ) earnings
were so strong. But a lot of people decided to wait, too. That's why, on the
first day of the new iPhone 4S launch, Apple registered more than 1 million
pre-orders, blowing away the previous record of 600,000. And in the first three
days after launch, more than 4 million 4S phones were sold, more than doubling
the previous record set by the iPhone 4. Investors apparently weren't
convinced, though, as AAPL fell 5.6% the day after releasing results. So the
stock must be a screaming buy, right? Well, not so fast. There's a better way
to play the iPhone's game-changing success. Let me be clear: I'm not saying
that buying AAPL would be a big mistake. During the past 10 years, Apple has
changed the way we live, work, play, listen to music and communicate. It has
been able to out-innovate, out-think and outmaneuver every other competitor on
the planet, and I fully expect it to remain one of the dominant forces in
consumer technology for years to come. But with success comes expectations, and
it's getting harder and harder to keep up the torrid 45% to 82% year-over-year
growth rates investors have come to bank on. As Apple's devices and their
markets mature, it will be increasingly difficult to consistently add new
features that wow people enough to upgrade to the newest version immediately.
Even a slight slowdown in the upgrade cycle impacts growth. It also will become
harder to differentiate the iPhone from the competition as much as before, so
Apple might need to lower prices to try to undercut competitors another
potential drag on growth. And speaking of pricing pressure, let's not overlook
the recent introduction of Amazon 's (NASDAQ: AMZN ) much cheaper tablet, the
Kindle Fire, which has real potential to eat into the phenomenal growth of
Apple's other blockbuster product, the iPad. Apple will be just fine, but with
challenges to its extraordinary growth mounting, I see better opportunities out
there with more upside potential.
disappointment, thanks in large part to lackluster iPhone 4 sales. Well, no
kidding. Would you have bought an iPhone 4 in the past month or two if you knew
the latest, greatest version was going to be released in October? A lot of
people did, of course, which is one reason Verizon 's (NYSE: VZ ) earnings
were so strong. But a lot of people decided to wait, too. That's why, on the
first day of the new iPhone 4S launch, Apple registered more than 1 million
pre-orders, blowing away the previous record of 600,000. And in the first three
days after launch, more than 4 million 4S phones were sold, more than doubling
the previous record set by the iPhone 4. Investors apparently weren't
convinced, though, as AAPL fell 5.6% the day after releasing results. So the
stock must be a screaming buy, right? Well, not so fast. There's a better way
to play the iPhone's game-changing success. Let me be clear: I'm not saying
that buying AAPL would be a big mistake. During the past 10 years, Apple has
changed the way we live, work, play, listen to music and communicate. It has
been able to out-innovate, out-think and outmaneuver every other competitor on
the planet, and I fully expect it to remain one of the dominant forces in
consumer technology for years to come. But with success comes expectations, and
it's getting harder and harder to keep up the torrid 45% to 82% year-over-year
growth rates investors have come to bank on. As Apple's devices and their
markets mature, it will be increasingly difficult to consistently add new
features that wow people enough to upgrade to the newest version immediately.
Even a slight slowdown in the upgrade cycle impacts growth. It also will become
harder to differentiate the iPhone from the competition as much as before, so
Apple might need to lower prices to try to undercut competitors another
potential drag on growth. And speaking of pricing pressure, let's not overlook
the recent introduction of Amazon 's (NASDAQ: AMZN ) much cheaper tablet, the
Kindle Fire, which has real potential to eat into the phenomenal growth of
Apple's other blockbuster product, the iPad. Apple will be just fine, but with
challenges to its extraordinary growth mounting, I see better opportunities out
there with more upside potential.
Gold, Silver Jump, Consumer Confidence Lowest Since March 2009
Gold and silver turned sharply higher Tuesday morning following a much worse
than expected report on U.S. consumer confidence. COMEX gold for December 2011
delivery surged $34.20, or 2.1%, $1,686.50 per ounce after hovering near
$1,655.00 earlier this morning.
than expected report on U.S. consumer confidence. COMEX gold for December 2011
delivery surged $34.20, or 2.1%, $1,686.50 per ounce after hovering near
$1,655.00 earlier this morning.
Gold, Silver Jump, Consumer Confidence Lowest Since March 2009
Gold and silver turned sharply higher Tuesday morning following a much worse
than expected report on U.S. consumer confidence. COMEX gold for December 2011
delivery surged $34.20, or 2.1%, $1,686.50 per ounce after hovering near
$1,655.00 earlier this morning.
than expected report on U.S. consumer confidence. COMEX gold for December 2011
delivery surged $34.20, or 2.1%, $1,686.50 per ounce after hovering near
$1,655.00 earlier this morning.
Google Inc. (NASDAQ:GOOG) To Bring High Speed Network To Europe?
Reports say Google Inc. (NASDAQ:GOOG) is considering deploying a high-speed
fiber network to Europe. Google Inc. (NASDAQ:GOOG) To Bring High Speed Network
To Europe? To widen high-speed internet access, Google Inc. (NASDAQ:GOOG) is
considering a high-speed fiber network in one European country after its
successful experiment in US. The company claims that its Google Fiber network
can achieve speeds of 1 gigabit as it transmits light to send and receive
information. Google Inc. (NASDAQ:GOOG)'s senior vice president David Drummond
said that the company is "looking very closely" at a potential project in
Europe, but he refused to share more details as to where and when the project
would be launched. Google Inc. (NASDAQ:GOOG) stocks are currently standing at
596.42. Price History Last Price: 596.42 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 536.23 6 Month Price Change %: 12.5% 12 Month Price Change
%: -3.5%
fiber network to Europe. Google Inc. (NASDAQ:GOOG) To Bring High Speed Network
To Europe? To widen high-speed internet access, Google Inc. (NASDAQ:GOOG) is
considering a high-speed fiber network in one European country after its
successful experiment in US. The company claims that its Google Fiber network
can achieve speeds of 1 gigabit as it transmits light to send and receive
information. Google Inc. (NASDAQ:GOOG)'s senior vice president David Drummond
said that the company is "looking very closely" at a potential project in
Europe, but he refused to share more details as to where and when the project
would be launched. Google Inc. (NASDAQ:GOOG) stocks are currently standing at
596.42. Price History Last Price: 596.42 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 536.23 6 Month Price Change %: 12.5% 12 Month Price Change
%: -3.5%
Oracle Fluffs Up Its Cloud Strategy
Oracle (NASDAQ: ORCL ) founder and CEO, Larry Ellison, loves a fight, and
that's been a huge driver in creating one of the world's largest software
companies.
that's been a huge driver in creating one of the world's largest software
companies.
Stock Up at Staples, Not Office Depot
Theres no doubt that the U.S. economy is growing slowly the question for
investors is whether thats a problem that hurts all office supply companies
equally or whether some are better able to adapt than others. A case in point is
Office Depot (NYSE: ODP ) it reported earnings Tuesday and they were to weaker
than expected. The office supply retailer is not adapting well to the slow
economy. Is Staples (NASDAQ: SPLS ) better positioned? Office Depot had a poor
second-quarter report, and its third quarter was down from the year before and
worse than expected. Specifically, Zacks expected
investors is whether thats a problem that hurts all office supply companies
equally or whether some are better able to adapt than others. A case in point is
Office Depot (NYSE: ODP ) it reported earnings Tuesday and they were to weaker
than expected. The office supply retailer is not adapting well to the slow
economy. Is Staples (NASDAQ: SPLS ) better positioned? Office Depot had a poor
second-quarter report, and its third quarter was down from the year before and
worse than expected. Specifically, Zacks expected
Alacer Gold Increases South Kalgoorlie Reserves by 96%
Alacer Gold (ASR.TSX) announced that its Board of Directors approved a $25
million budget for the first stage of expanding the South Kalgoorlie Operations
(SKO) in Turkey.
million budget for the first stage of expanding the South Kalgoorlie Operations
(SKO) in Turkey.
Gold Price Steady as Euro Meetings Drag On
GOLD PRICE NEWS – The gold price held steady near $1,655 per ounce Tuesday
morning as euro zone sovereign debt concerns continued to be at the forefront of
financial headlines.
morning as euro zone sovereign debt concerns continued to be at the forefront of
financial headlines.
Google Inc. (NASDAQ:GOOG) To Bring High Speed Network To Europe?
Reports say Google Inc. (NASDAQ:GOOG) is considering deploying a high-speed
fiber network to Europe. Google Inc. (NASDAQ:GOOG) To Bring High Speed Network
To Europe? To widen high-speed internet access, Google Inc. (NASDAQ:GOOG) is
considering a high-speed fiber network in one European country after its
successful experiment in US. The company claims that its Google Fiber network
can achieve speeds of 1 gigabit as it transmits light to send and receive
information. Google Inc. (NASDAQ:GOOG)'s senior vice president David Drummond
said that the company is "looking very closely" at a potential project in
Europe, but he refused to share more details as to where and when the project
would be launched. Google Inc. (NASDAQ:GOOG) stocks are currently standing at
596.42. Price History Last Price: 596.42 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 536.23 6 Month Price Change %: 12.5% 12 Month Price Change
%: -3.5%
fiber network to Europe. Google Inc. (NASDAQ:GOOG) To Bring High Speed Network
To Europe? To widen high-speed internet access, Google Inc. (NASDAQ:GOOG) is
considering a high-speed fiber network in one European country after its
successful experiment in US. The company claims that its Google Fiber network
can achieve speeds of 1 gigabit as it transmits light to send and receive
information. Google Inc. (NASDAQ:GOOG)'s senior vice president David Drummond
said that the company is "looking very closely" at a potential project in
Europe, but he refused to share more details as to where and when the project
would be launched. Google Inc. (NASDAQ:GOOG) stocks are currently standing at
596.42. Price History Last Price: 596.42 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 536.23 6 Month Price Change %: 12.5% 12 Month Price Change
%: -3.5%
Oracle Fluffs Up Its Cloud Strategy
Oracle (NASDAQ: ORCL ) founder and CEO, Larry Ellison, loves a fight, and
that's been a huge driver in creating one of the world's largest software
companies.
that's been a huge driver in creating one of the world's largest software
companies.
Top 10 U.S.-Listed Chinese Stocks with Highest Upside: CIS, CAAS, CCIH, DQ, COGO, NOAH, SORL, STP, FENG, TSL (Oct 25, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest upside potential,
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 323.6%.
Its consensus target price is $14.36 based on the average of all estimates.
China Automotive Systems, Inc. (NASDAQ:CAAS) has the 2nd highest upside
potential in this segment of the market. Its upside is 191.3%. Its consensus
target price is $15.00 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 3rd highest upside potential in
this segment of the market. Its upside is 184.2%. Its consensus target price is
$14.58 based on the average of all estimates. Daqo New Energy Corp. (NYSE:DQ)
has the 4th highest upside potential in this segment of the market. Its upside
is 182.7%. Its consensus target price is $9.50 based on the average of all
estimates. Cogo Group, Inc. (NASDAQ:COGO) has the 5th highest upside potential
in this segment of the market. Its upside is 151.1%. Its consensus target price
is $5.50 based on the average of all estimates. Noah Holdings Limited (ADR)
(NYSE:NOAH) has the 6th highest upside potential in this segment of the market.
Its upside is 139.1%. Its consensus target price is $19.97 based on the average
of all estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 7th highest upside
potential in this segment of the market. Its upside is 135.0%. Its consensus
target price is $7.17 based on the average of all estimates. Suntech Power
Holdings Co., Ltd. (ADR) (NYSE:STP) has the 8th highest upside potential in this
segment of the market. Its upside is 124.8%. Its consensus target price is $5.46
based on the average of all estimates. Phoenix New Media Ltd ADR (NYSE:FENG) has
the 9th highest upside potential in this segment of the market. Its upside is
121.8%. Its consensus target price is $10.67 based on the average of all
estimates. Trina Solar Limited (ADR) (NYSE:TSL) has the 10th highest upside
potential in this segment of the market. Its upside is 119.2%. Its consensus
target price is $17.19 based on the average of all estimates.
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 323.6%.
Its consensus target price is $14.36 based on the average of all estimates.
China Automotive Systems, Inc. (NASDAQ:CAAS) has the 2nd highest upside
potential in this segment of the market. Its upside is 191.3%. Its consensus
target price is $15.00 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 3rd highest upside potential in
this segment of the market. Its upside is 184.2%. Its consensus target price is
$14.58 based on the average of all estimates. Daqo New Energy Corp. (NYSE:DQ)
has the 4th highest upside potential in this segment of the market. Its upside
is 182.7%. Its consensus target price is $9.50 based on the average of all
estimates. Cogo Group, Inc. (NASDAQ:COGO) has the 5th highest upside potential
in this segment of the market. Its upside is 151.1%. Its consensus target price
is $5.50 based on the average of all estimates. Noah Holdings Limited (ADR)
(NYSE:NOAH) has the 6th highest upside potential in this segment of the market.
Its upside is 139.1%. Its consensus target price is $19.97 based on the average
of all estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 7th highest upside
potential in this segment of the market. Its upside is 135.0%. Its consensus
target price is $7.17 based on the average of all estimates. Suntech Power
Holdings Co., Ltd. (ADR) (NYSE:STP) has the 8th highest upside potential in this
segment of the market. Its upside is 124.8%. Its consensus target price is $5.46
based on the average of all estimates. Phoenix New Media Ltd ADR (NYSE:FENG) has
the 9th highest upside potential in this segment of the market. Its upside is
121.8%. Its consensus target price is $10.67 based on the average of all
estimates. Trina Solar Limited (ADR) (NYSE:TSL) has the 10th highest upside
potential in this segment of the market. Its upside is 119.2%. Its consensus
target price is $17.19 based on the average of all estimates.
Should You Buy the Dow — Procter & Gamble
Today, were looking at Dow Jones Industrial Average component Proctor & Gamble
(NYSE: PG ) . The consumer products company produces some of the most famous
brands in the world. P&G offers beauty products and skin care products including
the brands Head & Shoulders, Olay, Pantene, Wella, Braun, Fusion, Gillette and
Mach3 brands. It also provides health care products like Always, Crest and
Oral-B brands; snacks and pet care products under the Pringles and Iams brands;
fabric care and home care products consisting under the Ace, Ariel, Dawn, Downy,
Duracell, Gain, Tide and Febreze brands; and baby care and family care products
under Bounty, Charmin and Pampers brands. The company is truly global, hocking
its wares in some 180 countries. The key driving factors for Proctor & Gamble
are competition and the economy. Now, P&Gs diversified product line insulates
the company to a certain extent against economic downturns, because many of the
products are consumer staples. However, the competition now offered by grocery
stores private labels has become an increasingly vexing problem. Nevertheless,
P&G is so gigantic that even in tough times it produces big profits $13.4
billion in FY 2009 when the economy was having its toughest time. Procter &
Gambles financials are solid. Dont be perturbed by the $22 billion in debt. Its
only being carried at around 4%, and P&G has $2.8 billion in cash. Trailing
12-month cash flow was $9.5 billion, so the debt service is no problem, and its
almost twice the amount of free cash flow necessary to pay P&Gs 3.2% dividend.
We generally dont see venerable companies like this have many insider trades,
but there have been four of them totaling about 17,000 shares (both direct and
indirect) during the past two years, all between $60 and $64 per share. Another
confidence booster: Iconic investor Warren Buffett owns 2.5% of P&G. Conclusion
Stock analysts looking out five years on P&G see annualized earnings growth at
9%. At a stock price of $65, on FY 2015 earnings of $6.48, the stock presently
trades at a P/E of 10. That suggests P&G is fairly priced for 2015! Given the
companys recent warning about commodity prices potentially impacting revenues
going forward, and given that the dividend isnt generous enough for retirement
accounts, I dont see any value here. I believe P&G is a sell for regular
accounts. I believe P&G is a sell for retirement accounts. As of this writing,
Lawrence Meyers did not own a position in any of the aforementioned stocks.
Check out Meyers take on other Dow Jones stocks here .
(NYSE: PG ) . The consumer products company produces some of the most famous
brands in the world. P&G offers beauty products and skin care products including
the brands Head & Shoulders, Olay, Pantene, Wella, Braun, Fusion, Gillette and
Mach3 brands. It also provides health care products like Always, Crest and
Oral-B brands; snacks and pet care products under the Pringles and Iams brands;
fabric care and home care products consisting under the Ace, Ariel, Dawn, Downy,
Duracell, Gain, Tide and Febreze brands; and baby care and family care products
under Bounty, Charmin and Pampers brands. The company is truly global, hocking
its wares in some 180 countries. The key driving factors for Proctor & Gamble
are competition and the economy. Now, P&Gs diversified product line insulates
the company to a certain extent against economic downturns, because many of the
products are consumer staples. However, the competition now offered by grocery
stores private labels has become an increasingly vexing problem. Nevertheless,
P&G is so gigantic that even in tough times it produces big profits $13.4
billion in FY 2009 when the economy was having its toughest time. Procter &
Gambles financials are solid. Dont be perturbed by the $22 billion in debt. Its
only being carried at around 4%, and P&G has $2.8 billion in cash. Trailing
12-month cash flow was $9.5 billion, so the debt service is no problem, and its
almost twice the amount of free cash flow necessary to pay P&Gs 3.2% dividend.
We generally dont see venerable companies like this have many insider trades,
but there have been four of them totaling about 17,000 shares (both direct and
indirect) during the past two years, all between $60 and $64 per share. Another
confidence booster: Iconic investor Warren Buffett owns 2.5% of P&G. Conclusion
Stock analysts looking out five years on P&G see annualized earnings growth at
9%. At a stock price of $65, on FY 2015 earnings of $6.48, the stock presently
trades at a P/E of 10. That suggests P&G is fairly priced for 2015! Given the
companys recent warning about commodity prices potentially impacting revenues
going forward, and given that the dividend isnt generous enough for retirement
accounts, I dont see any value here. I believe P&G is a sell for regular
accounts. I believe P&G is a sell for retirement accounts. As of this writing,
Lawrence Meyers did not own a position in any of the aforementioned stocks.
Check out Meyers take on other Dow Jones stocks here .
Overbought In A Choppy Market; 3 Short Ideas Under $5
Asia was mixed, Europe is mixed and futures are slightly lower. With a lot
riding on the summit meeting Wednesday, Im targeting a few overbought stocks
that could fall $.50 per share or more if the bears come back to Wall Street
this week. SMF Energy Corp. ( NASDAQ:FUEL ) is up over 100% since July and its
latest move from $2.40 to above $3.00 is starting to show some weakness on
declining volume. If this bull flag cant hold up, Ill look for $.40 cents a
share down to support around $2.60. The Relative Strength is overbought above
the 70 line and trending down. Tiny market cap of $25 million makes it very
volatile. Last time it was overbought was in September and it pulled back $.54
top to bottom. Raystream Inc. ( OTCBB:RAYS ) is a pretty looking pump to line up
as a short. While the pump is strong Ill stay away, but when RAYS starts to show
signs of weakness Ill move in for a big score. Right now the Relative Strength
is extremely overbought and the MACD is curling down toward the signal line for
a bearish break on declining interest. Only so long before it dumps so its all
about timing. If youre looking for other example charts on pump dumps, pull up
Jammin Java ( OTCBB:JAMN ) and youll get an idea of why Im watching this one.
Pizza Inn Holdings ( NASDAQ:PZZI ) is the perfect example of what I look for in
day trade short position. Originally put on short watch last Monday due to
overbought status , were now starting to see some profit taking here. With a
short range of over $1 down to support of $3.50 and still overbought, Im
watching the markets close on this one.
riding on the summit meeting Wednesday, Im targeting a few overbought stocks
that could fall $.50 per share or more if the bears come back to Wall Street
this week. SMF Energy Corp. ( NASDAQ:FUEL ) is up over 100% since July and its
latest move from $2.40 to above $3.00 is starting to show some weakness on
declining volume. If this bull flag cant hold up, Ill look for $.40 cents a
share down to support around $2.60. The Relative Strength is overbought above
the 70 line and trending down. Tiny market cap of $25 million makes it very
volatile. Last time it was overbought was in September and it pulled back $.54
top to bottom. Raystream Inc. ( OTCBB:RAYS ) is a pretty looking pump to line up
as a short. While the pump is strong Ill stay away, but when RAYS starts to show
signs of weakness Ill move in for a big score. Right now the Relative Strength
is extremely overbought and the MACD is curling down toward the signal line for
a bearish break on declining interest. Only so long before it dumps so its all
about timing. If youre looking for other example charts on pump dumps, pull up
Jammin Java ( OTCBB:JAMN ) and youll get an idea of why Im watching this one.
Pizza Inn Holdings ( NASDAQ:PZZI ) is the perfect example of what I look for in
day trade short position. Originally put on short watch last Monday due to
overbought status , were now starting to see some profit taking here. With a
short range of over $1 down to support of $3.50 and still overbought, Im
watching the markets close on this one.
Sick of Netflix? You’ve Got Options!
Netflix s (NASDAQ: NFLX ) summer (and fall) to forget continues. After the
split of its streaming video service and its DVD-by-mail and a price increase, a
poorly worded apology from CEO Reed Hastings , a rebranding of the DVD-by-mail
service to Qwikster, and a repealing of the rebranding, Netflix couldve used
some good news. It did get a little. The company reported earnings of $1.16 per
share for the third quarter, which beat Wall Streets EPS expectations of 94
cents. Unfortunately, investors were more concerned about Hastings warning after
the bell Monday about the continued bleeding of its DVD-by-mail service, which
prompted a massive after-hours selloff of Netflix stock . While Netflix still
had 23.8 million subscribers as of the end of September, that number is about
800,000 less than it started with at the beginning of June. Worse yet, Netflix
expects fourth-quarter streaming video subscriptions, currently at 21.45
million, to stay about flat at 21.5 or possibly drop as low as 20 million.
Shortly put: Netflix is sinking, and its not just investors headed for the
lifeboats. Netflix has given customers numerous reasons to jump ship, and with a
number of competitors vying for the companys leadership position in home video,
those customers have plenty of places to land. Here are the other home video
companies streaming and DVD alike waiting to grab Netflix defectors faster
than you can say Qwikster. Amazon Amazon (NASDAQ: AMZN ) is a triple threat. Its
got a growing streaming video service through Amazon Prime, which at $79 per
year equates to less than a full year of Netflixs streaming only service. Its
one of the leading DVD and Blu-ray retailers in the U.S., so even if it isnt
renting physical discs, its keeping that industry kicking. Physical disc sales
in turn keep Hollywood studios that still are skittish about streaming
businesses happy and working with Amazon. Finally, Amazon is delivering its own
tablet PC, the Kindle Fire, that is built around delivering streaming video
through Amazon Prime. The only thing holding Amazon back is the accessibility of
Amazon Prime streaming. Unlike Netflix streaming, which is on almost every
device under the sun, Amazon is restricted to web browsers.
split of its streaming video service and its DVD-by-mail and a price increase, a
poorly worded apology from CEO Reed Hastings , a rebranding of the DVD-by-mail
service to Qwikster, and a repealing of the rebranding, Netflix couldve used
some good news. It did get a little. The company reported earnings of $1.16 per
share for the third quarter, which beat Wall Streets EPS expectations of 94
cents. Unfortunately, investors were more concerned about Hastings warning after
the bell Monday about the continued bleeding of its DVD-by-mail service, which
prompted a massive after-hours selloff of Netflix stock . While Netflix still
had 23.8 million subscribers as of the end of September, that number is about
800,000 less than it started with at the beginning of June. Worse yet, Netflix
expects fourth-quarter streaming video subscriptions, currently at 21.45
million, to stay about flat at 21.5 or possibly drop as low as 20 million.
Shortly put: Netflix is sinking, and its not just investors headed for the
lifeboats. Netflix has given customers numerous reasons to jump ship, and with a
number of competitors vying for the companys leadership position in home video,
those customers have plenty of places to land. Here are the other home video
companies streaming and DVD alike waiting to grab Netflix defectors faster
than you can say Qwikster. Amazon Amazon (NASDAQ: AMZN ) is a triple threat. Its
got a growing streaming video service through Amazon Prime, which at $79 per
year equates to less than a full year of Netflixs streaming only service. Its
one of the leading DVD and Blu-ray retailers in the U.S., so even if it isnt
renting physical discs, its keeping that industry kicking. Physical disc sales
in turn keep Hollywood studios that still are skittish about streaming
businesses happy and working with Amazon. Finally, Amazon is delivering its own
tablet PC, the Kindle Fire, that is built around delivering streaming video
through Amazon Prime. The only thing holding Amazon back is the accessibility of
Amazon Prime streaming. Unlike Netflix streaming, which is on almost every
device under the sun, Amazon is restricted to web browsers.
Gold Price Per Ounce Rates Today; Gold Stocks Rise; Silver Price Per Ounce; Spot Gold price per gram; Spot Silver per ounce
Gold and silver price per ounce rates moved up the ladder once again during the
last trading session. Gold price per ounce trends moved in positive territory
during the majority of the last trading session in the U.S. Silver price per
ounce trends moved above breakeven during the last trading session as well. The
dollar dropped lower to the Japanese yen, the British pound, and the euro as
precious metal gold and silver acquisitions increased. Gold contract for
December delivery closed out the last session higher by .99 percent or 16.20 at
1652.30 per troy ounce. Silver contract for December delivery finished the last
session higher by 1.45 percent or .451 to close at 31.64 per troy ounce. During
the interval between last session close and todays session open, spot gold price
per gram trends and spot silver price per ounce trends were moving in positive
territory. Spot silver price per ounce prices were higher by .44 at 31.63 and
spot gold price per gram trends were higher by .48 at 53.08. The positive action
for gold helped to push the one month change status for gold into the green.
Golds one month change status currently sits positive by .15 percent. Silvers
one month change status has climbed into positive territory as well. Silvers
status is positive by 2.66 percent. Gold stocks rallied Monday on the back of
gold futures last session. Camillo Zucari
last trading session. Gold price per ounce trends moved in positive territory
during the majority of the last trading session in the U.S. Silver price per
ounce trends moved above breakeven during the last trading session as well. The
dollar dropped lower to the Japanese yen, the British pound, and the euro as
precious metal gold and silver acquisitions increased. Gold contract for
December delivery closed out the last session higher by .99 percent or 16.20 at
1652.30 per troy ounce. Silver contract for December delivery finished the last
session higher by 1.45 percent or .451 to close at 31.64 per troy ounce. During
the interval between last session close and todays session open, spot gold price
per gram trends and spot silver price per ounce trends were moving in positive
territory. Spot silver price per ounce prices were higher by .44 at 31.63 and
spot gold price per gram trends were higher by .48 at 53.08. The positive action
for gold helped to push the one month change status for gold into the green.
Golds one month change status currently sits positive by .15 percent. Silvers
one month change status has climbed into positive territory as well. Silvers
status is positive by 2.66 percent. Gold stocks rallied Monday on the back of
gold futures last session. Camillo Zucari
S&P 500, Russell 2000 Straddling Resistance
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Click to Enlarge The 15-day rally in stocks has lifted the S&P 500 just about 14% and managed to squeeze out a close above the 1,250 mark but right at the 61.8% Fibonacci retracement line from the May-to-August downdraft. I showed this chart in yesterday's morning note, and after yesterday's rally we are smack-dab in the middle of the entire resistance zone marked by the gray box. Click to Enlarge Looking over in small-cap world, we note that the Russell 2000 rallied almost 22% over the same time period and right here, right now, it sits at a horizontal resistance line and the 50% retracement level. Yesterday's rally was a continuation from last Friday's uplift that increased the slope of the rally off the early August lows. Yesterday's rally more or less looked healthy, with defensive stocks underperforming and financials near the front of the pack. Click to Enlarge The resistance levels mentioned on the above charts are all over the place, however, and the industrial stocks as represented by the SPDR Select Sector Fund – Industrial
Todays DJIA Index DJX DJI Dow Jones Average, Nasdaq, S&P 500 Stock Market Investing News Today; CAT Shares MSN Money Stock Quotes
XCSFDHG46767FHJHJF
dow2664 The stock market in the U.S. continued to rally during the week’s opening session yesterday. Positive momentum built last week as investors felt more optimistic regarding the debt bailout action planing ongoing in the eurozone. Trends in the U.S. have fed off of the positive sentiment relating to the progressive action planing. European stocks finished stronger last session and the positive outcomes helped to boost indices higher in the U.S. The primary index composites in the U.S. also pushed higher due, in part, to the better-than-expected batch of earnings reports that have recently posted. Caterpillar gained the headlines today with its record grabbing third quarter revenue report. The company reported that year to year earnings increased by over 50 percent. End of day share value for Caterpillar Inc. closed higher by 5.01 percent at 91.77 according to MSN Money Stock quotes. As the day finalized in the U.S. last session, the primary index composites were green across the board. The Dow Jones Industrial Average was higher by .89 percent at 11,913.62. The Nasdaq was higher by 2.35 percent at 2,699.44. The S&P 500 was higher by 1.29 percent at 1,254.19. The dollar dropped lower to a handful of other currencies. Oil price per barrel rose higher as did gold price per ounce rate. Frank Matto
A Fast-Food Dividend Stock for Hungry Income Investors
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace McDonald's (NYSE: MCD )
Gold & Silver Prices – Daily Outlook October 25
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices started the week with moderate gains along with the sharp gains recorded in other major commodities prices such as crude oil prices. Currently gold and silver prices are traded slightly up. Today, U.S Consumer Confidence report will be published; Canada’s Core Retails Sales report; and Canada’s Overnight Rate will be announced. Here is a market outlook of precious metals prices for today, October 25th: Gold and Silver Prices – October Update Gold price inclined on Monday by0.99% to $1,652.3; silver price also rose by 1.45% to $31.64. The chart below shows the changes in gold and silver prices during the month (normalized gold and silver prices (September 30th 2011=100)). During October, gold price rose by 1.8% and silver prices by 5.2%. The ratio between gold and silver prices slightly declined on Monday, October 24th to 52.22. During October, silver price inclined by a slightly larger rate than gold price as the ratio fell by 3.2%. On Today’s Agenda: U.S Consumer Confidence: in the previous report, the consumer confidence index remained nearly unchanged in September compared with August’s index . The current expectations are that this index may continue to drop in the October report; Core
Gold & Silver Prices – Daily Outlook October 25
Gold and silver prices started the week with moderate gains along with the sharp
gains recorded in other major commodities prices such as crude oil prices.
Currently gold and silver prices are traded slightly up. Today, U.S Consumer
Confidence report will be published; Canadas Core Retails Sales report; and
Canadas Overnight Rate will be announced. Here is a market outlook of precious
metals prices for today, October 25th: Gold and Silver Prices – October Update
Gold price inclined on Monday by0.99% to $1,652.3; silver price also rose by
1.45% to $31.64. The chart below shows the changes in gold and silver prices
during the month (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price rose by 1.8% and silver prices by 5.2%. The ratio
between gold and silver prices slightly declined on Monday, October 24th to
52.22. During October, silver price inclined by a slightly larger rate than gold
price as the ratio fell by 3.2%. On Todays Agenda: U.S Consumer Confidence: in
the previous report, the consumer confidence index remained nearly unchanged in
September compared with Augusts index. The current expectations are that this
index may continue to drop in the October report; Core
gains recorded in other major commodities prices such as crude oil prices.
Currently gold and silver prices are traded slightly up. Today, U.S Consumer
Confidence report will be published; Canadas Core Retails Sales report; and
Canadas Overnight Rate will be announced. Here is a market outlook of precious
metals prices for today, October 25th: Gold and Silver Prices – October Update
Gold price inclined on Monday by0.99% to $1,652.3; silver price also rose by
1.45% to $31.64. The chart below shows the changes in gold and silver prices
during the month (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price rose by 1.8% and silver prices by 5.2%. The ratio
between gold and silver prices slightly declined on Monday, October 24th to
52.22. During October, silver price inclined by a slightly larger rate than gold
price as the ratio fell by 3.2%. On Todays Agenda: U.S Consumer Confidence: in
the previous report, the consumer confidence index remained nearly unchanged in
September compared with Augusts index. The current expectations are that this
index may continue to drop in the October report; Core
Todays DJIA Index DJX DJI Dow Jones Average, Nasdaq, S&P 500 Stock Market Investing News Today; CAT Shares MSN Money Stock Quotes
The stock market in the U.S. continued to rally during the weeks opening
session yesterday. Positive momentum built last week as investors felt more
optimistic regarding the debt bailout action planing ongoing in the eurozone.
Trends in the U.S. have fed off of the positive sentiment relating to the
progressive action planing. European stocks finished stronger last session and
the positive outcomes helped to boost indices higher in the U.S. The primary
index composites in the U.S. also pushed higher due, in part, to the
better-than-expected batch of earnings reports that have recently posted.
Caterpillar gained the headlines today with its record grabbing third quarter
revenue report. The company reported that year to year earnings increased by
over 50 percent. End of day share value for Caterpillar Inc. closed higher by
5.01 percent at 91.77 according to MSN Money Stock quotes. As the day finalized
in the U.S. last session, the primary index composites were green across the
board. The Dow Jones Industrial Average was higher by .89 percent at 11,913.62.
The Nasdaq was higher by 2.35 percent at 2,699.44. The S&P 500 was higher by
1.29 percent at 1,254.19. The dollar dropped lower to a handful of other
currencies. Oil price per barrel rose higher as did gold price per ounce rate.
Frank Matto
session yesterday. Positive momentum built last week as investors felt more
optimistic regarding the debt bailout action planing ongoing in the eurozone.
Trends in the U.S. have fed off of the positive sentiment relating to the
progressive action planing. European stocks finished stronger last session and
the positive outcomes helped to boost indices higher in the U.S. The primary
index composites in the U.S. also pushed higher due, in part, to the
better-than-expected batch of earnings reports that have recently posted.
Caterpillar gained the headlines today with its record grabbing third quarter
revenue report. The company reported that year to year earnings increased by
over 50 percent. End of day share value for Caterpillar Inc. closed higher by
5.01 percent at 91.77 according to MSN Money Stock quotes. As the day finalized
in the U.S. last session, the primary index composites were green across the
board. The Dow Jones Industrial Average was higher by .89 percent at 11,913.62.
The Nasdaq was higher by 2.35 percent at 2,699.44. The S&P 500 was higher by
1.29 percent at 1,254.19. The dollar dropped lower to a handful of other
currencies. Oil price per barrel rose higher as did gold price per ounce rate.
Frank Matto
Gold Silver and Oil Started the week Rising –Daily Recap October 24
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Major commodities sharply rose on the first day of the week: Gold and silver prices inclined for the second straight business days; crude oil prices sharply inclined – the sharpest gain in a single day since October 5th; natural gas prices also finished the trading day rising. Here is a summary of the price movements of precious metals and energy commodities for October 24th: Precious Metals prices: Gold price increased by 0.99% and reached $1,652; Silver price also rose by 1.45% to reach $31.64. During October, gold price inclined by 1.8% and silver price increased by 5.2%.
High Yields from Chemicals
XCSFDHG46767FHJHJF
dow2664 A few of the major chemical companies are reporting earnings this week, including EI DuPont de Nemours & Co. (DD), Dow Chemical Company (DOW), and Eastman Chemical Company (EMN), with the anticipation of reports of higher revenues and earnings for the latest quarter in most cases. Let’s look at Dow Chemical as an example. It is the second largest chemical manufacturer in the world based on revenues and the third-largest chemical company in the world by market capitalization. The company reports its earnings on Thursday, October 27, and analysts are expecting a 13.7% increase in revenues. The stock pays a generous 3.7% yield and trades at nine times forward earnings. The research firm Ticonderoga just initiated coverage a couple weeks ago giving it a Buy rating. Air Products & Chemicals Inc. (APD) markets gases and chemicals for industrial use, and pays a decent yield of 2.8%. The company just reported strong earnings last week, reporting a 19.4% increase in earnings on an 11.1% revenue rise. The stock has a forward price to earnings ratio of 13. FMC Corp. (FMC) provides agricultural, consumer, and industrial chemicals. The stock pays a small yield of 0.8% and trades at a forward PE of 12. The company reports earnings on Halloween. To see a free list of all the chemical companies including their yields, go to WallStreetNewsNetwork.com. Full Disclosure: Author did not own any of the above at the time the article was written. By Stockerblog.com
The Future of #Commodity-based #Islamic Investment
XCSFDHG46767FHJHJF
min2664 With more than 1.5 billion Muslims in the world that are increasingly seeking financial options that conform to their religious beliefs, Islamic Finance has become a hot topic, also in the field of Commodity Trading. In the light of this development, with an estimated turnover of US$1 trillion and no signs of a decrease in demand, the commodity Murabahah definitely deserves closer observation. Currently, the major impediment for Islamic investors is the lack of Shariah compliant trading mechanisms that enable them to trade commodities efficiently. Initiatives such as the just recently launched Dow Jones Islamic Market Global Equity Commodity Index clearly indicate a growing interest in tapping into and developing the Islamic Commodity Finance market. Experts predict that once these mechanisms are developed and investors are educated about the options available to them, the finance world will see a lot of interest from Islamic Investors. Picking up this trend, Commodities Week Asia 2012 , which will take place on 27-28 March 2012 in Singapore, will discuss this topic in more depth and cover issues such as: Investing in commodity Murabaha: Considerations for the Islamic investor The role of Islamic financial institutions in driving investor demand for Shariah-compliant commodity products Global Islamic finance developments in commodities For more information, please visit the Commodities Week Asia 2012 event website .
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