Having had the good fortune to work with chemist George Rathmann on numerous
occasions when we were both at Abbott Laboratories (NYSE: ABT ), this reporter
bought shares in Amgen (NASDAQ: AMGN ), the company Rathmann co-founded in 1980
after leaving Abbott. When Amgen's stock dropped shortly after I purchased it,
I sold, intending to buy back later when the price dropped further.
Unfortunately for me, it never did. Not one of my best decisions. Today, Amgen
is up some 17,000% since its IPO in 1983. Is there still an opportunity for
investors to make money in the world's biggest biotechnology company? It's
unlikely that Amgen is going to match the price appreciation it enjoyed during
the past 28 years, but the company does appear on the upswing after being
shunned by investors the past few years. While Rathmann is long gone and current
CEO Kevin Sharer has his critics, Amgen this week posted some nice results for
the third quarter, topping estimates and raising its full-year outlook. The
company earned $1.40 a share on revenue of $3.9 billion, and raised its revenue
and EPS guidance to $15.4 billion-$15.6 billion and $5.15-$5.30, respectively.
It also appears Amgen is heeding analyst advice to bring its
research-and-development budget more in line with that of other research-based
pharmaceutical companies. Many think the nearly 19% of sales Amgen spends on R&D
is too high and would like to see it trimmed back. And it looks as though Amgen
is doing just that, saying during this week's earnings call that it was
reducing its headcount in R&D to refocus its research program on those projects
that will likely have a near-term clinical impact. Analysts were cheered by
Amgen's willingness to live within its means and focus on increased
profitability. RBC Capital Markets analyst Michael Yee estimated that for every
$100 million or 3% of R&D cuts, Amgens earnings per share could increase by
between 8 cents and 10 cents; he has forecast Amgens 2011 EPS at $5.20. BMO
Financial Group also is optimistic about Amgen's prospects, this week boosting
its estimates and assigning Amgen a $73 price target with an outperform rating.
The bank believes that core growth could reaccelerate during the next several
quarters. Meanwhile, analysts at Citigroup have a buy rating on the stock and a
$65 price target, which represents a P/E of more than 11 times non-GAAP 2012 EPS
of $5.58. Amgen is trading at $57.93, up just 2.5% YTD. The planned R&D cuts are
likely to have little impact on Amgen's robust pipeline. Four drugs in
development that the company is touting as the most promising are: AMG-785. This
is a humanized monoclonal antibody that is being developed for bone-related
conditions, including postmenopausal osteoporosis and fracture healing. The
company had great Phase II trials with it, and is currently in discussions with
the FDA regarding Phase III trials. XGEVA. Already approved, XGEVA is in Phase
III trials to expand its use into the prevention of bone metastases in breast
and prostate cancer. AMG-145. This Phase I antibody is being investigated for
the treatment of high cholesterol. Ganitumab. This antibody targets pancreatic
cancer by blocking cell growth via inhibition of the type 1 insulin-like growth
factor receptor (IGF-1R). It is in Phase II trials. As of this writing, Barry
Cohen was long AMGN.
Friday, October 28, 2011
The Big Short
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dow2664 Michael Lewis was the author of Liar’s Poker , The Blind Side , and Moneyball , the last two of which were made into motion pictures. His latest book, The Big Short: Inside the Doomsday Machine , is a look at the sub-prime mortgage fiasco and financial crisis that ensued during 2008. However, he has taken a completely different approach on the subject; he looks at the crisis from the eyes of those who predicted what was going to happen early on, shorted the market, and made billions. Lewis delves deep into the personalities of the people who saw what was happening and the trials and tribulations they went through before their windfalls came in. One track in the book was couple of guys who started a hedge fund with just $110,000 of their own money and built that money up to $135 million, buy buying credit default swaps. By the way, if you never knew what a credit default swap is or a collateralized debt obligation is, you will by the first quarter of the book. Lewis makes the financial terminology very easy to understand, and what actually happened during the crisis. It is amazing that this nonfiction book on recent financial history is a page-turner. If you are looking for some fascinating reading during the Thanksgiving hliday, get The Big Short: Inside the Doomsday Machine .
Analyst Actions on Chinese Stocks: BIDU, BORN, CHA, CHU, EDU, HNP, LFC, PTR … (Oct 28, 2011)
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tdp2664 China Analyst Below are today's
Top Yielding Diversified Computer Systems Stocks
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dow2664 So what are the Diversified Computer Systems companies? These are the big players, like Teradata Corporation (TDC). These are the companies that are involved in everything from hardware to software to consulting to clouds. On example is Hewlett-Packard, which announced yesterday that it has decided its personal computer business. The stock trades at 6.5 times current earnings and six times forward earnings with a favorable price to earnings growth ratio of 0.71. The yield on the stock beats any bank account, paying 1.9%. Earnings for the latest quarter were up 8.6% on a revenue increase of 1.5%. Another dividend payer in this category is Big Blue, or more officially known as International Business Machines Corp. (IBM). The company has a price to earnings ratio of 14, a forward PE of 12, with a PEG ratio of 1.12. The stock offers a yield of 1.6%. Earnings for the latest quarter ending September 30 grew by 7% with similar growth in revenues. To see a list of all the diversified computer systems stocks , check out the free list at WallStreetNewsNetwork.com. Disclosure: Author didn’t own any of the above at the time the article was written. By Stockerblog.com
$60 Million Gold Coin Unveiled at Perth Mint
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DG365FD46564GFH654FU898 The world’s largest and most valuable gold coin was unveiled by the Perth Mint in Australia this week. The coin measures nearly 80 centimeters wide and over 12 centimenters thick, and is considered legal tender in Australia.
Get Out Now — 3 Bubble Stocks About to Pop
Theres nothing worse than a momentum stock. If you cant control you emotions,
and you see a stock leaping multiple points every day, soaring ever-higher,
there is a great temptation to leap in before its too late. This became
widespread in the late 90s, and Ill never forget the day Amazon (NASDAQ: AMZN )
jumped 40 bucks in a single day. I shook my head and thought it was crazy.
Little did I know that the mania had just begun. It still happens today,
although the difference is there are real businesses underlying the huge upside
moves. That doesnt mean, however, that the valuations the stock prices imply are
correct. When they are totally out of whack, its not only time to sell, but
possibly even time to short that stock. OpenTable, Inc. OpenTable, Inc. (NASDAQ:
OPEN ) offers a great restaurant reservation service that I use all the time. As
a stock, however, people mistakenly think an innovative concept deserves an
outrageous valuation. OPEN stock went public in May 2009 at around $29 per
share, went nowhere for about a year, then suddenly roared to a high of $115
earlier this year. At the time, it was pretty obvious that OpenTables trading at
90 times earnings was pretty crazy, even for a stock growing earnings at 50%
this year and 33% next year. Today, OPEN stock is down to $47 and while some
might say the bubble already has popped, I say all it did was let out some gas.
OpenTable is a quickly growing company, but one with the cash flow and balance
sheet of a small-cap company and a valuation of $1.1 billion. Im sorry, but
generating $37 million in TTM free cash flow of $19 million in profit does not
justify the still-crazy 40 P/E. OPENs bubble is going to burst. Get out.
LinkedIn If you though that market cap was unjustified, take a look at LinkedIn
(NASDAQ: LNKD ). The companys projected profit for this year is exactly two
cents per share, or a little less than $2 million. At $87 per share, the market
is not only valuing LNKD at a P/E ratio of 435, but at a market cap of really?
$7.7 billion . The only thing keeping me from shorting LNKD stock is that I cant
find shares to short, and the relatively low float of 96 million shares could
create a short squeeze. But if you are holding LinkedIn right now, ask yourself
how much bigger can the perceived market cap of this stock reach before people
wake up? Get out. Green Mountain Coffee Roasters Green Mountain Coffee Roasters
(NASDAQ: GMCR ) has created a lot of controversy over its valuation for quite
some time. This past week, a hedge fund made a presentation that all but accused
the company of accounting fraud. That took the stock down 33% from its already
lofty highs. But you guessed it I say the bubble hasnt yet burst. Analysts
seem totally convinced Green Mountain will grow earnings by 125% this year and
60% next year. GMCR already has issued accounting revisions to past results, and
the company is under an SEC inquiry at the moment. When you add all of this up,
I smell something and it isnt coffee. I also dont like that Green Mountain had
declining net tangible assets for a couple of recent quarters in fact, the net
tangible assets were more than $300 million to the negative for two quarters.
Accounts payable have been rising steadily from 2008 ($72 million) to the most
recent quarter ($331 million). GMCRs bubble is going to pop, and when it does,
you dont want to be near it. Get out. As of this writing, Lawrence Meyers did
not own a position in any of the aforementioned stocks.
and you see a stock leaping multiple points every day, soaring ever-higher,
there is a great temptation to leap in before its too late. This became
widespread in the late 90s, and Ill never forget the day Amazon (NASDAQ: AMZN )
jumped 40 bucks in a single day. I shook my head and thought it was crazy.
Little did I know that the mania had just begun. It still happens today,
although the difference is there are real businesses underlying the huge upside
moves. That doesnt mean, however, that the valuations the stock prices imply are
correct. When they are totally out of whack, its not only time to sell, but
possibly even time to short that stock. OpenTable, Inc. OpenTable, Inc. (NASDAQ:
OPEN ) offers a great restaurant reservation service that I use all the time. As
a stock, however, people mistakenly think an innovative concept deserves an
outrageous valuation. OPEN stock went public in May 2009 at around $29 per
share, went nowhere for about a year, then suddenly roared to a high of $115
earlier this year. At the time, it was pretty obvious that OpenTables trading at
90 times earnings was pretty crazy, even for a stock growing earnings at 50%
this year and 33% next year. Today, OPEN stock is down to $47 and while some
might say the bubble already has popped, I say all it did was let out some gas.
OpenTable is a quickly growing company, but one with the cash flow and balance
sheet of a small-cap company and a valuation of $1.1 billion. Im sorry, but
generating $37 million in TTM free cash flow of $19 million in profit does not
justify the still-crazy 40 P/E. OPENs bubble is going to burst. Get out.
LinkedIn If you though that market cap was unjustified, take a look at LinkedIn
(NASDAQ: LNKD ). The companys projected profit for this year is exactly two
cents per share, or a little less than $2 million. At $87 per share, the market
is not only valuing LNKD at a P/E ratio of 435, but at a market cap of really?
$7.7 billion . The only thing keeping me from shorting LNKD stock is that I cant
find shares to short, and the relatively low float of 96 million shares could
create a short squeeze. But if you are holding LinkedIn right now, ask yourself
how much bigger can the perceived market cap of this stock reach before people
wake up? Get out. Green Mountain Coffee Roasters Green Mountain Coffee Roasters
(NASDAQ: GMCR ) has created a lot of controversy over its valuation for quite
some time. This past week, a hedge fund made a presentation that all but accused
the company of accounting fraud. That took the stock down 33% from its already
lofty highs. But you guessed it I say the bubble hasnt yet burst. Analysts
seem totally convinced Green Mountain will grow earnings by 125% this year and
60% next year. GMCR already has issued accounting revisions to past results, and
the company is under an SEC inquiry at the moment. When you add all of this up,
I smell something and it isnt coffee. I also dont like that Green Mountain had
declining net tangible assets for a couple of recent quarters in fact, the net
tangible assets were more than $300 million to the negative for two quarters.
Accounts payable have been rising steadily from 2008 ($72 million) to the most
recent quarter ($331 million). GMCRs bubble is going to pop, and when it does,
you dont want to be near it. Get out. As of this writing, Lawrence Meyers did
not own a position in any of the aforementioned stocks.
Todays Gold price per ounce Rate Spot Gold pRice Per gram; Spot Silver price Per ounce News Today Mid-Day
The primary stock indicators surged in the U.S. during the latter half of this
week and precious metals gold and silver climbed the ladder as well. Both gold
and silver have recently rallied higher in the midst of the positive sentiment
being felt worldwide regarding the European debt deal. This morning though,
prior to opening bell for the last trading session of the week, the primary
stock indices in the U.S. were posting red. Stock indices in the U.S. were still
red at the halfway point in the trading session today. Some investors appear to
be a bit more worried about the details of the eurozone debt bailout action
plan. This worry could result in precious metal gold and silver receiving
additional safe haven attention. Prior to opening bell this morning, spot gold
price per ounce trends and spot silver price per ounce trends were mixed. Gold
per gram price movement pushed into negative territory, but silver price per
ounce trend line movement was still on the positive side of breakeven. As the
last trading session of the week reached the mid-day mark, both gold and silver
contracts were posting lower. Gold contract for December delivery was red by .11
percent at 1745.70 per troy ounce. December delivery Silver was red by .03
percent at 35.10 per troy ounce. Spot gold per gram and spot silver per ounce
price trends were lower at this point as well. Spot gold price per gram was
lower by .33 at 55.86 and spot silver price per ounce was lower by .19 at 34.92.
Camillo Zucari
week and precious metals gold and silver climbed the ladder as well. Both gold
and silver have recently rallied higher in the midst of the positive sentiment
being felt worldwide regarding the European debt deal. This morning though,
prior to opening bell for the last trading session of the week, the primary
stock indices in the U.S. were posting red. Stock indices in the U.S. were still
red at the halfway point in the trading session today. Some investors appear to
be a bit more worried about the details of the eurozone debt bailout action
plan. This worry could result in precious metal gold and silver receiving
additional safe haven attention. Prior to opening bell this morning, spot gold
price per ounce trends and spot silver price per ounce trends were mixed. Gold
per gram price movement pushed into negative territory, but silver price per
ounce trend line movement was still on the positive side of breakeven. As the
last trading session of the week reached the mid-day mark, both gold and silver
contracts were posting lower. Gold contract for December delivery was red by .11
percent at 1745.70 per troy ounce. December delivery Silver was red by .03
percent at 35.10 per troy ounce. Spot gold per gram and spot silver per ounce
price trends were lower at this point as well. Spot gold price per gram was
lower by .33 at 55.86 and spot silver price per ounce was lower by .19 at 34.92.
Camillo Zucari
Buyer Beware In This Schizoid Market
Are we on the verge of a full-blown bull market? Maybe, but keep in mind that
the past 12 months have seen a multitude of miniature bull markets, all of which
hit a wall. For the first part of the past year, however, the market acted
fairly normal. From late October 2010 to Feb. 18, 2011, the S&P 500 spiked
13.6%. Then, from March 16 to April 29, the market rallied by 8.5%. But
beginning in the summer, the market went haywire. From June 15 to August 22, the
markets saw three up-or-down moves of at least 7%. Now, since Oct. 3, the market
has soared by almost 17%. With such volatility, it would seem inevitable that
top traders, like Goldman Sachs (NYSE: GS ) and Morgan Stanley (NYSE: MS ),
would make huge sums, right? But this hasn't happened. The companies are
actually finding it extremely tough to make any profits. And even the world's
top hedge fund managers are lagging, such as David Einhorn and Bill Ackman. The
HFRI Hedge Fund Weighted Composite Index is off 5.3%. But the most notable loser
is big-time investor John Paulson. Despite having made billions from 2007 to
2010 – by doing things like shorting subprime mortgages and buying the SPDR
Gold Shares (NYSE:GLD) – he's had a horrendous 2011. His flagship Advantage
fund is down by 32%, as of the end of September. Like many other hedge fund
managers, he believed the U.S. economy would rebound and that there would be
continued opportunities in emerging markets, such as China. Yet the recent
"breakthrough" in Europe could mean more stability and the markets getting
back to normalacy? However, that agreement is still light on specifics, and it
doesn't really deal with the issues in Italy and Spain. What if these
countries start to crater? At the same time, the U.S. may have its own debt
crisis. Keep in mind that Congress' super-committee is required to make some
tough choices by the weekend of Thanksgiving, even though it looks like there is
serious deadlock. Might this lead to another downgrade to the US sovereign debt?
In other words, with the S&P 500 getting euphoric once again – even in light
of many lingering problems – investors should be cautious. As the past year
has shown, the markets can get suddenly cold. Tom Taulli runs the InvestorPlace
blog " IPOPlaybook ," a site dedicated to the hottest news and rumors about
initial public offerings. He is also the author of "All About Short Selling"
the past 12 months have seen a multitude of miniature bull markets, all of which
hit a wall. For the first part of the past year, however, the market acted
fairly normal. From late October 2010 to Feb. 18, 2011, the S&P 500 spiked
13.6%. Then, from March 16 to April 29, the market rallied by 8.5%. But
beginning in the summer, the market went haywire. From June 15 to August 22, the
markets saw three up-or-down moves of at least 7%. Now, since Oct. 3, the market
has soared by almost 17%. With such volatility, it would seem inevitable that
top traders, like Goldman Sachs (NYSE: GS ) and Morgan Stanley (NYSE: MS ),
would make huge sums, right? But this hasn't happened. The companies are
actually finding it extremely tough to make any profits. And even the world's
top hedge fund managers are lagging, such as David Einhorn and Bill Ackman. The
HFRI Hedge Fund Weighted Composite Index is off 5.3%. But the most notable loser
is big-time investor John Paulson. Despite having made billions from 2007 to
2010 – by doing things like shorting subprime mortgages and buying the SPDR
Gold Shares (NYSE:GLD) – he's had a horrendous 2011. His flagship Advantage
fund is down by 32%, as of the end of September. Like many other hedge fund
managers, he believed the U.S. economy would rebound and that there would be
continued opportunities in emerging markets, such as China. Yet the recent
"breakthrough" in Europe could mean more stability and the markets getting
back to normalacy? However, that agreement is still light on specifics, and it
doesn't really deal with the issues in Italy and Spain. What if these
countries start to crater? At the same time, the U.S. may have its own debt
crisis. Keep in mind that Congress' super-committee is required to make some
tough choices by the weekend of Thanksgiving, even though it looks like there is
serious deadlock. Might this lead to another downgrade to the US sovereign debt?
In other words, with the S&P 500 getting euphoric once again – even in light
of many lingering problems – investors should be cautious. As the past year
has shown, the markets can get suddenly cold. Tom Taulli runs the InvestorPlace
blog " IPOPlaybook ," a site dedicated to the hottest news and rumors about
initial public offerings. He is also the author of "All About Short Selling"
Time Warner Can Be a Cable Company Without the Cable TV
It makes sense that cable companies, the gatekeepers of the U.S. television
business, are adjusting to meet the new needs of television consumers. Theyre
not doing it simply by prepping streaming video options of their own to combat
Netflix (NASDAQ: NFLX ) style services. Time Warner (NYSE: TWX ), for instance,
has gone to great lengths to provide streaming video services to its customers
But that hasnt staunched the flow of lost subscribers to Time Warners cable
video services. TWX lost 400,000 video subscribers in 2010, and it lost 128,000
more during the quarter that ended in September . But even as its losing paying
television viewers to web-based competitors, Time Warner is making up for those
losses by providing those same customers with the Internet access to view
streaming video. Time Warner might not be selling the television content itself
anymore, but its still the gatekeeper. Time Warner gained 97,000 broadband-only
subscribers to its cable Internet service during the third quarter. It also
gained 89,000 customers for high-speed data Time Warners more expensive, faster
version of its Internet service during the same period. These consumers are
predominantly users upgrading from DSL (digital subscriber line) Internet
service, and they are upgrading because they need access to faster access to
large data transfers such as you guessed it streaming video. But in the long
run, isnt it bad for Time Warner to lose all those cable subscribers? Not
necessarily. As GigaOM s Ryan Lawler pointed out in August, the companys
broadband Internet business has yielded significantly higher margins over the
past three years than its cable TV business has. TWX doesnt have to share
broadband profits with content providers like News Corp . (NASDAQ: NWS ) and
Viacom (NYSE: VIA ), unlike its cable TV business. If it can continue getting
more subscribers to ante up for its high-speed service, promising access to
those content providers via the web, Time Warner could eventually do away with
its cable business entirely. Time Warner wont do away with cable television
service tomorrow, but during the coming years, consumers should expect streaming
television to become a larger and larger part of how the company sells its
broadband Internet service. The key will be convincing those aforementioned
content partners (and, in turn, their advertising partners) that the audience is
on the Web, not watching cable television. Time Warner has come into conflict
with TV networks in the past year in trying to develop its own streaming
options. The company released an iPad app letting its cable TV subscribers
stream certain content via Apple s (NASDAQ: AAPL ) tablet, and News Corp, Viacom
and Discover Communications (NASDAQ: DISCA ) forced them to remove their
channels from the app immediately . Time Warner will continue to come into
conflict over shared revenues if it tries to directly transform its cable
television business into a streaming television business. If its business model
is based on merely providing high-speed access to all those content providers
own streaming options , however, then its possible those conflicts can be
avoided. Streaming video is the future of television. Netflix might recently
have seen its business descend into madness and despair i.e., more than 800,000
lost subscribers and a share price hair cut of about 75% in three months but
that doesnt mean the companys streaming business model doesnt represent the
chief mode of delivery for television in the coming years. Need proof? Research
group Sandvine found that Netflix streaming uses up nearly 33% of U.S. bandwidth
during peak Internet usage hours. Simply put: Streaming video is what U.S.
consumers do on the Internet. Cable companies will survive the shift not by
switching to streaming business models of their own, but by redefining how they
monetize all their cable pipelines. As of this writing, Anthony John Agnello did
not own a position in any of the stocks named here. Follow him on Twitter at
business, are adjusting to meet the new needs of television consumers. Theyre
not doing it simply by prepping streaming video options of their own to combat
Netflix (NASDAQ: NFLX ) style services. Time Warner (NYSE: TWX ), for instance,
has gone to great lengths to provide streaming video services to its customers
But that hasnt staunched the flow of lost subscribers to Time Warners cable
video services. TWX lost 400,000 video subscribers in 2010, and it lost 128,000
more during the quarter that ended in September . But even as its losing paying
television viewers to web-based competitors, Time Warner is making up for those
losses by providing those same customers with the Internet access to view
streaming video. Time Warner might not be selling the television content itself
anymore, but its still the gatekeeper. Time Warner gained 97,000 broadband-only
subscribers to its cable Internet service during the third quarter. It also
gained 89,000 customers for high-speed data Time Warners more expensive, faster
version of its Internet service during the same period. These consumers are
predominantly users upgrading from DSL (digital subscriber line) Internet
service, and they are upgrading because they need access to faster access to
large data transfers such as you guessed it streaming video. But in the long
run, isnt it bad for Time Warner to lose all those cable subscribers? Not
necessarily. As GigaOM s Ryan Lawler pointed out in August, the companys
broadband Internet business has yielded significantly higher margins over the
past three years than its cable TV business has. TWX doesnt have to share
broadband profits with content providers like News Corp . (NASDAQ: NWS ) and
Viacom (NYSE: VIA ), unlike its cable TV business. If it can continue getting
more subscribers to ante up for its high-speed service, promising access to
those content providers via the web, Time Warner could eventually do away with
its cable business entirely. Time Warner wont do away with cable television
service tomorrow, but during the coming years, consumers should expect streaming
television to become a larger and larger part of how the company sells its
broadband Internet service. The key will be convincing those aforementioned
content partners (and, in turn, their advertising partners) that the audience is
on the Web, not watching cable television. Time Warner has come into conflict
with TV networks in the past year in trying to develop its own streaming
options. The company released an iPad app letting its cable TV subscribers
stream certain content via Apple s (NASDAQ: AAPL ) tablet, and News Corp, Viacom
and Discover Communications (NASDAQ: DISCA ) forced them to remove their
channels from the app immediately . Time Warner will continue to come into
conflict over shared revenues if it tries to directly transform its cable
television business into a streaming television business. If its business model
is based on merely providing high-speed access to all those content providers
own streaming options , however, then its possible those conflicts can be
avoided. Streaming video is the future of television. Netflix might recently
have seen its business descend into madness and despair i.e., more than 800,000
lost subscribers and a share price hair cut of about 75% in three months but
that doesnt mean the companys streaming business model doesnt represent the
chief mode of delivery for television in the coming years. Need proof? Research
group Sandvine found that Netflix streaming uses up nearly 33% of U.S. bandwidth
during peak Internet usage hours. Simply put: Streaming video is what U.S.
consumers do on the Internet. Cable companies will survive the shift not by
switching to streaming business models of their own, but by redefining how they
monetize all their cable pipelines. As of this writing, Anthony John Agnello did
not own a position in any of the stocks named here. Follow him on Twitter at
Toyota Motor Corporation (NYSE:TM) Prius 2012 Wins Award
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tdp2664 E money daily Toyota Motor Corporation (NYSE:TM)'s 2012 Prius has won the Urban Green Vehicle of the Year award. Toyota Motor Corporation (NYSE:TM) Prius 2012 Wins Award Decisive Magazine has selected Toyota Motor Corporation (NYSE:TM)'s 2012 Prius plug-in hybrid as the Urban Green Vehicle of the Year based on its practicality, style and attainability. The car will be honored at the 16th annual Urban Wheel Awards and it will be featured in the magazine's winter issue and on mobile applications. Jim Colon, Toyota Motor Corporation (NYSE:TM)'s Sales vice president, said, "We are pleased with the recognition of the 2012 Toyota Prius Plug-in as a well-designed, smart and attainable vehicle, especially in an urban environment. We're confident that the Prius Plug-in's extended electric range, selectable EV mode, expected 87 MPGe and quick home charging are among the features that helped Toyota Motor Corporation (NYSE:TM) secure this distinction". Toyota Motor Company (NYSE:TM) company shares are currently standing at 69.48. Price History Last Price: 69.48 52 Week Low / High: 65.3 / 93.9 50 Day Moving Average: 69 6 Month Price Change %: -12.6% 12 Month Price Change %: -2.0%
Google Inc. (NASDAQ:GOOG) Strengthens Groupon Competitor
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tdp2664 E money daily Google Inc. ( NASDAQ :GOOG) has partnered with 14 deal providers to strengthen its Daily Deals business. Google Inc. ( NASDAQ :GOOG) Strengthens Groupon Competitor Google Inc. ( NASDAQ :GOOG) has made a lot of changes to its Daily Deals business to bring a wide range of Offers to its customers. As part of the expansion, the company has partnered with 14 new deals providers including Gilt City, DoodleDeals, HomeRun, GolfNow and others. Google Inc. (NASDAQ:GOOG) Offers product manager Nitin Mangtani said, "We’re making improvements to Google Offers that help address this challenge. First, we’re delivering more amazing deals from a bunch of new categories including outdoor adventure sports, luxury experiences, family-friendly events, classes and more. We’re also introducing a personalization quiz to help you find just the deal you want, all in one place". Google Inc. (NASDAQ:GOOG) shares were at 598.67 at the end of the last day’s trading. There’s been a -2.0% change in the stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.19 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.26 Zack’s Rank: 5 out of 31 in the industry
Citigroup Inc. (NYSE:C) Gets Settlement Approval
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tdp2664 E money daily Citigroup Inc. (NYSE:C) has won approval of a $13.5 million settlement of shareholder claims. Citigroup Inc. (NYSE:C) Gets Settlement Approval Citigroup Inc. (NYSE:C) has won government approval for a shareholder claims settlement over the sale of its Student Loan Corp.'s unit Discover Financial Services. The Delaware Chancery Court Judge Travis Laster approved the $13.5 million settlement adding that the accord was an excellent result. The shareholders filed the case accusing that they were getting shortchanged in the sale of the unit. Citigroup Inc. (NYSE:C) spokeswoman Shannon Bell said, "Citigroup is pleased the settlement has received the court’s approval". Citigroup Inc. (NYSE:C) stocks were at 33.77 at the end of the last day’s trading. There’s been a -11.6% movement in the stock price over the past 3 months. Citigroup Inc. (NYSE:C) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.73 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.67 Zack’s Rank: 4 out of 15 in the industry
The Great Recession vs. The Great Depression – We May Have it Worse Now
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tdp2664 InvestorPlace They say everything is bigger and better in Texas. I say, everything is bigger and “badder” (as in worse) on Wall Street today than 85 years ago. Despite all the parallels that exist between today and the Great Depression, there is one factor that just doesn’t match up — time. The Great (post-2007) Recession has already lasted longer than the 1929 to 1932 market meltdown. If you focus merely on elapsed time, you can reach two conclusions: Either there is no parallel, or the 2007 bear market is over The 2007 bear market will be more intense and last longer than the 1929 – 1932 parallel A look at the pattern and shape of the post-1929 and post-2007 declines, along with the sentiment that accompanied major events within both periods, suggest that we are in a monster version of the Great Depression with the next leg down not too far away. If You Think It Can’t Happen Again, Think Again I’ve often heard that the Great Depression can’t happen again because we are no longer on the gold standard — the absence of the gold standard now allows the Federal Reserve to print their way out of any recession. That is true, the Fed can now print unlimited amounts of money. However, the non-existent gold standard is a double-edged sword. Just as it enables the Fed to print money (which the Fed has done for decades), it has enabled a massive leveraged bubble. It’s this unbridled (by the gold standard) leveraged frenzy that created a huge financial leverage bubble, and the Federal Reserve attempted to fix the bubble’s consequences with a new bubble — the QE2 bubble. Regarding the QE2 bubble, the May ETF Profit Strategy Newsletter stated that: “The Fed is fueling a new bubble to combat the damage left behind by the previous one. Once punctured, bubbles tend to deflate quickly.” Deflate it did. The S&P lost 296 points from the May 2 high to the Oct. 4 low. The “liberty” of an unbridled currency did not prevent the decline. Sentiment Parallels Here’s where the parallels between the Great Depression stock market meltdown and the post-2007 decline become interesting:
Wal-Mart Stores Inc. (NYSE:WMT) Expanding Wichita Offerings
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tdp2664 E money daily Wal-Mart Stores Inc. (NYSE:WMT) is set to open three neighbourhood markets on the same day in Wichita. Wal-Mart Stores Inc. (NYSE:WMT) Expanding Wichita Offerings Wal-Mart Stores Inc. (NYSE:WMT) will open three new neighbourhood markets in the same city on the same day, when the company celebrates three grand openings in Wichita. The new neighbourhood markets are part of five opening in Wichita this year. Each is between 30,000-40,000 square feet and features a pharmacy, fresh produce, groceries and household goods in a convenient format close to residential neighbourhoods. Each store will employ approximately 90 part- and full-time associates. Michael Overton, market manager, “We are delighted to have all LED interior lighting in our newest Wichita store. This is part of Wal-Mart Stores Inc. (NYSE:WMT)’s commitment to be a good steward of the environment, and we will be closely monitoring our savings in Wichita to gather more measurable data about the benefits of sustainability.” Wal-Mart Stores Inc. (NYSE:WMT) stocks are currently standing at 57.81. Price History Last Price: 57.81 52 Week Low / High: 48.31 / 57.96 50 Day Moving Average: 53.17 6 Month Price Change %: 5.4% 12 Month Price Change %: 5.2%
Visa Charges Toward the Triple-Digit Mark
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tdp2664 InvestorPlace In recent months, Visa (NYSE: V ) has been moving to the beat of its own drum. Not only has it come out of the last few months virtually unscathed from the selling in the broader market, but it's also been knocking on the door of a breakout to new 52-week highs. In fact, a breach of the recent resistance at the $95 area could signal a run to the century mark. From an implied volatility perspective, options on Visa actually look like a decent buy here. Following its recent earnings announcement, implied volatility has dropped to the lower end of its yearly range. The bullish chart, coupled with cheap options, makes a call purchase the logical play here. To get some bullish exposure to V, you can buy the V Dec 95 Calls, which are currently trading around $4. As is the case with any call option purchase, the risk is limited to the initial debit paid, and the potential reward is unlimited. Source : MachTrader At the time of this writing Tyler Craig had no positions in Visa.
FTSE ends the session slightly lower with banks in retreat
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gol2664 Negocioenlinea FTSE ends the session slightly lower with banks in retreat Stock Market Wire – 4 minutes ago StockMarketWire.com – END-OF-DAY REPORT: Headline shares ended slightly lower, as banking issues retreated and oil producers weakened as crude prices eased, with Randgold Resources helping stem …
Todays DJIA Dow Jones Average Index DJX DJI, Nasdaq Index, S&P 500 Index; World Economy; Asian Stock European Stock Market Close Today
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dow2664 The Dow Jones Industrial Average, as well as the Nasdaq index and the S&P 500 composite, surged during the last trading session in the U.S. The positive push stems from heightened investor optimism over the European deal that has made headlines during the latter half of this week. The debt crisis in the eurozone continues to be a very tangible problem and the debt resolution action plan, which European leaders are ironing out, is a good start at addressing the issues. Insurance funds are being set up and recapitalization is the name of the game. Additional resources are being pumped in to the eurozone bailout fund and the summit in Brussels appears to be perceived as successful. Global stock indices notched higher after word of the plan spread. Today, world market trends are mixed. Primary indices in the Asian sector finished strong. The Nikkei closed out 1.39 percent higher. The Hang Seng finished higher by 1.68 percent and the Shanghai Composite closed up by 1.55 percent to end the trading week. European indices finished mixed. The FTSE 100 finished red by .20 percent. The CAC 40 went red by .40 percent and the DAX in Germany closed out .10 percent in the green. Prior to opening bell for this last trading session in the U.S., stock futures were posting red across the board. Stocks positioned for the lower open this morning in the U.S. and as the trading session reached the mid-day mark, the primary composites in the U.S. were still moving below break-even. The DJIA was lower by .12 percent at 12,194.44 at this point. The Nasdaq was lower by .42 percent at 2,727.35 and the S&P 500 was red by .36 percent at 1,279.99 at mid-day. Frank Matto
Friday Apple Rumors — Samsung Is No. 1!
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tdp2664 InvestorPlace Here are your Apple rumors and news items for Friday: Samsung Trounces Apple in Smartphone Sales: Apple ( NASDAQ : AAPL ) shares took a hit Oct. 19 after the company reported its third quarter earnings, chiefly because iPhone sales missed analyst expectations. Selling 17.1 million iPhones just wasn’t good enough for Cupertino, Calif.'s most famous technology company. Now, Apple is taking a more cosmetic hit. According to a Friday Reuters report, Samsung (PINK: SSNLF ) passed Apple as the world’s leading smartphone maker in the quarter that ended in September. The company’s phones accounted for nearly 24% of all smartphones sold around the world , compared to the iPhone’s 16%. Still, iPhones remain vastly more profitable than Samsung’s phones . And Samsung itself announced some bad news: While sales of its Google ( NASDAQ :GOOG) Android-powered phones surged, total revenue for the quarter was down year over year, sinking from around $4.4 billion in 2010 to just under $3 billion in 2011. Don’t Get Directions from Siri in California: Apple’s new voice-operated software Siri is a boon for iPhone owners that don’t feel like tapping on a screen to find out what the weather is like outside. You also would think it would be a convenient tool for lost drivers trying to find their way home. Provided that home is in the Golden State, however, iPhone owners might be out of luck. According to Mercury News (via 9 to 5 Mac ) it’s illegal to use Siri when behind the wheel in California . It depends on how you use the app, though. While it’s legal to ask Siri for directions if it’s already active, it’s illegal to press any buttons on the iPhone to activate Siri or to read directions off of the device’s screen. Nintendo’s Business Continues to Crumble Due to Apple Sales : Video game maker Nintendo (PINK: NTDOY ) reported its third-quarter earnings Wednesday, and the company lost $926 million over the second and third quarters of the year . This is compared to a loss of just $26 million during the same period in 2010. The company is projecting its first annual loss in more than 30 years. While a significant cause of Nintendo’s losses was the relative weakness of the dollar — the majority of Nintendo’s sales come from the U.S. — the migration of consumers from the company’s portable gaming machine, the Nintendo DS, to Apple’s iOS devices was another huge cause. Nintendo sold just 3.35 million of its latest portable device, the Nintendo 3DS, over the period compared to Apple’s 17.1 million iPhones, 11 million iPads and more than 3 million iPod Touches — all of which provide much cheaper games. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Gold Shares Climb, Newmont Mining (NEM) Rallies after Earnings
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DG365FD46564GFH654FU898 Gold shares climbed Friday, with the AMEX Gold Bugs Index (HUI) rising 2.3% to 581.06 in morning trading.
Todays DJIA Dow Jones Average Index DJX DJI, Nasdaq Index, S&P 500 Index; World Economy; Asian Stock European Stock Market Close Today
The Dow Jones Industrial Average, as well as the Nasdaq index and the S&P 500
composite, surged during the last trading session in the U.S. The positive push
stems from heightened investor optimism over the European deal that has made
headlines during the latter half of this week. The debt crisis in the eurozone
continues to be a very tangible problem and the debt resolution action plan,
which European leaders are ironing out, is a good start at addressing the
issues. Insurance funds are being set up and recapitalization is the name of the
game. Additional resources are being pumped in to the eurozone bailout fund and
the summit in Brussels appears to be perceived as successful. Global stock
indices notched higher after word of the plan spread. Today, world market trends
are mixed. Primary indices in the Asian sector finished strong. The Nikkei
closed out 1.39 percent higher. The Hang Seng finished higher by 1.68 percent
and the Shanghai Composite closed up by 1.55 percent to end the trading week.
European indices finished mixed. The FTSE 100 finished red by .20 percent. The
CAC 40 went red by .40 percent and the DAX in Germany closed out .10 percent in
the green. Prior to opening bell for this last trading session in the U.S.,
stock futures were posting red across the board. Stocks positioned for the lower
open this morning in the U.S. and as the trading session reached the mid-day
mark, the primary composites in the U.S. were still moving below break-even. The
DJIA was lower by .12 percent at 12,194.44 at this point. The Nasdaq was lower
by .42 percent at 2,727.35 and the S&P 500 was red by .36 percent at 1,279.99 at
mid-day. Frank Matto
composite, surged during the last trading session in the U.S. The positive push
stems from heightened investor optimism over the European deal that has made
headlines during the latter half of this week. The debt crisis in the eurozone
continues to be a very tangible problem and the debt resolution action plan,
which European leaders are ironing out, is a good start at addressing the
issues. Insurance funds are being set up and recapitalization is the name of the
game. Additional resources are being pumped in to the eurozone bailout fund and
the summit in Brussels appears to be perceived as successful. Global stock
indices notched higher after word of the plan spread. Today, world market trends
are mixed. Primary indices in the Asian sector finished strong. The Nikkei
closed out 1.39 percent higher. The Hang Seng finished higher by 1.68 percent
and the Shanghai Composite closed up by 1.55 percent to end the trading week.
European indices finished mixed. The FTSE 100 finished red by .20 percent. The
CAC 40 went red by .40 percent and the DAX in Germany closed out .10 percent in
the green. Prior to opening bell for this last trading session in the U.S.,
stock futures were posting red across the board. Stocks positioned for the lower
open this morning in the U.S. and as the trading session reached the mid-day
mark, the primary composites in the U.S. were still moving below break-even. The
DJIA was lower by .12 percent at 12,194.44 at this point. The Nasdaq was lower
by .42 percent at 2,727.35 and the S&P 500 was red by .36 percent at 1,279.99 at
mid-day. Frank Matto
Gold Shares Climb, Newmont Mining (NEM) Rallies after Earnings
Gold shares climbed Friday, with the AMEX Gold Bugs Index (HUI) rising 2.3% to
581.06 in morning trading.
581.06 in morning trading.
Friday Apple Rumors — Samsung Is No. 1!
Here are your Apple rumors and news items for Friday: Samsung Trounces Apple in
Smartphone Sales: Apple (NASDAQ: AAPL ) shares took a hit Oct. 19 after the
company reported its third quarter earnings, chiefly because iPhone sales missed
analyst expectations. Selling 17.1 million iPhones just wasnt good enough for
Cupertino, Calif.'s most famous technology company. Now, Apple is taking a
more cosmetic hit. According to a Friday Reuters report, Samsung (PINK: SSNLF )
passed Apple as the worlds leading smartphone maker in the quarter that ended in
September. The companys phones accounted for nearly 24% of all smartphones sold
around the world , compared to the iPhones 16%. Still, iPhones remain vastly
more profitable than Samsungs phones . And Samsung itself announced some bad
news: While sales of its Google (NASDAQ:GOOG) Android-powered phones surged,
total revenue for the quarter was down year over year, sinking from around $4.4
billion in 2010 to just under $3 billion in 2011. Dont Get Directions from Siri
in California: Apples new voice-operated software Siri is a boon for iPhone
owners that dont feel like tapping on a screen to find out what the weather is
like outside. You also would think it would be a convenient tool for lost
drivers trying to find their way home. Provided that home is in the Golden
State, however, iPhone owners might be out of luck. According to Mercury News
(via 9 to 5 Mac ) its illegal to use Siri when behind the wheel in California .
It depends on how you use the app, though. While its legal to ask Siri for
directions if its already active, its illegal to press any buttons on the iPhone
to activate Siri or to read directions off of the devices screen. Nintendos
Business Continues to Crumble Due to Apple Sales : Video game maker Nintendo
(PINK: NTDOY ) reported its third-quarter earnings Wednesday, and the company
lost $926 million over the second and third quarters of the year . This is
compared to a loss of just $26 million during the same period in 2010. The
company is projecting its first annual loss in more than 30 years. While a
significant cause of Nintendos losses was the relative weakness of the dollar
the majority of Nintendos sales come from the U.S. the migration of consumers
from the companys portable gaming machine, the Nintendo DS, to Apples iOS
devices was another huge cause. Nintendo sold just 3.35 million of its latest
portable device, the Nintendo 3DS, over the period compared to Apples 17.1
million iPhones, 11 million iPads and more than 3 million iPod Touches all of
which provide much cheaper games. As of this writing, Anthony John Agnello did
not own a position in any of the stocks named here. Follow him on Twitter at
Smartphone Sales: Apple (NASDAQ: AAPL ) shares took a hit Oct. 19 after the
company reported its third quarter earnings, chiefly because iPhone sales missed
analyst expectations. Selling 17.1 million iPhones just wasnt good enough for
Cupertino, Calif.'s most famous technology company. Now, Apple is taking a
more cosmetic hit. According to a Friday Reuters report, Samsung (PINK: SSNLF )
passed Apple as the worlds leading smartphone maker in the quarter that ended in
September. The companys phones accounted for nearly 24% of all smartphones sold
around the world , compared to the iPhones 16%. Still, iPhones remain vastly
more profitable than Samsungs phones . And Samsung itself announced some bad
news: While sales of its Google (NASDAQ:GOOG) Android-powered phones surged,
total revenue for the quarter was down year over year, sinking from around $4.4
billion in 2010 to just under $3 billion in 2011. Dont Get Directions from Siri
in California: Apples new voice-operated software Siri is a boon for iPhone
owners that dont feel like tapping on a screen to find out what the weather is
like outside. You also would think it would be a convenient tool for lost
drivers trying to find their way home. Provided that home is in the Golden
State, however, iPhone owners might be out of luck. According to Mercury News
(via 9 to 5 Mac ) its illegal to use Siri when behind the wheel in California .
It depends on how you use the app, though. While its legal to ask Siri for
directions if its already active, its illegal to press any buttons on the iPhone
to activate Siri or to read directions off of the devices screen. Nintendos
Business Continues to Crumble Due to Apple Sales : Video game maker Nintendo
(PINK: NTDOY ) reported its third-quarter earnings Wednesday, and the company
lost $926 million over the second and third quarters of the year . This is
compared to a loss of just $26 million during the same period in 2010. The
company is projecting its first annual loss in more than 30 years. While a
significant cause of Nintendos losses was the relative weakness of the dollar
the majority of Nintendos sales come from the U.S. the migration of consumers
from the companys portable gaming machine, the Nintendo DS, to Apples iOS
devices was another huge cause. Nintendo sold just 3.35 million of its latest
portable device, the Nintendo 3DS, over the period compared to Apples 17.1
million iPhones, 11 million iPads and more than 3 million iPod Touches all of
which provide much cheaper games. As of this writing, Anthony John Agnello did
not own a position in any of the stocks named here. Follow him on Twitter at
Google Inc. (NASDAQ:GOOG) Strengthens Groupon Competitor
Google Inc. (NASDAQ:GOOG) has partnered with 14 deal providers to strengthen
its Daily Deals business. Google Inc. (NASDAQ:GOOG) Strengthens Groupon
Competitor Google Inc. (NASDAQ:GOOG) has made a lot of changes to its Daily
Deals business to bring a wide range of Offers to its customers. As part of the
expansion, the company has partnered with 14 new deals providers including Gilt
City, DoodleDeals, HomeRun, GolfNow and others. Google Inc. (NASDAQ:GOOG) Offers
product manager Nitin Mangtani said, "Were making improvements to Google
Offers that help address this challenge. First, were delivering more amazing
deals from a bunch of new categories including outdoor adventure sports, luxury
experiences, family-friendly events, classes and more. Were also introducing a
personalization quiz to help you find just the deal you want, all in one
place". Google Inc. (NASDAQ:GOOG) shares were at 598.67 at the end of the last
days trading. Theres been a -2.0% change in the stock price over the past 3
months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.19 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.26 Zacks
Rank: 5 out of 31 in the industry
its Daily Deals business. Google Inc. (NASDAQ:GOOG) Strengthens Groupon
Competitor Google Inc. (NASDAQ:GOOG) has made a lot of changes to its Daily
Deals business to bring a wide range of Offers to its customers. As part of the
expansion, the company has partnered with 14 new deals providers including Gilt
City, DoodleDeals, HomeRun, GolfNow and others. Google Inc. (NASDAQ:GOOG) Offers
product manager Nitin Mangtani said, "Were making improvements to Google
Offers that help address this challenge. First, were delivering more amazing
deals from a bunch of new categories including outdoor adventure sports, luxury
experiences, family-friendly events, classes and more. Were also introducing a
personalization quiz to help you find just the deal you want, all in one
place". Google Inc. (NASDAQ:GOOG) shares were at 598.67 at the end of the last
days trading. Theres been a -2.0% change in the stock price over the past 3
months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.19 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.26 Zacks
Rank: 5 out of 31 in the industry
Gold Price Digests New Euro Rescue Plan
GOLD PRICE NEWS – The gold price gave back a portion of yesterday's gains
on Friday morning, falling $7.89, or 0.5%, to $1,736.97 per ounce.
on Friday morning, falling $7.89, or 0.5%, to $1,736.97 per ounce.
3 Top Heavy Stocks To Consider Short Today Under $5: CAK, GLUU, RAYS
Last night my free webinar in chat discussed how to short stocks under $5 that
are overextended and due to dip. With the European markets red this morning and
futures slightly down, I think its fitting we add a few overbought stocks under
$3 to my previous list of good short ideas. Click here for a detailed article I
did Thursday to learn about shorting stocks under $5. Click here to bookmark my
FREE DAILY WATCH LIST of potential buys and shorts. CAMAC Energy ( AMEX:CAK ) is
up over 100% in October with an overbought Relative Strength Index reading of
72.16 heading into Fridays session. Shares closed at the high of day Thursday
meaning CAK might have a little more run in it before early entrants look to
take some profits which is only natural. The market cap is $160 million and my
preferred broker does have shares available . Earnings are scheduled for
November 9th. The trading range here is $1.10 to $.85. If it continues to go up
Ill look for short entry just below the 200 Moving Average of $1.28. I like this
company but stock will dip when overbought and therefore make good day to swing
trades for active traders like myself and my subscribers. Glu Mobile (
NASDAQ:GLUU ) is a stock I like and trade long regularly. Thursday I closed
swing trade for around $1,000 in profits on the long side. I took those profits
when it failed to breakout from its consolidation pattern in this bull market.
The stock is not overbought but seems to be saturated with sellers around $3.10
to $3.20. It did move up into the close Thursday so maybe its finally going to
break that $3.18 range heading into next weeks earnings, however, after watching
my swing long position for days Im inclined to think GLUU might be ready to
pullback Friday, especially if the market takes profits making lower highs as
the session wears on. The trading range here is $3.15 to $2.87 $2.66. A break
to the upside of $3.18 could signal a move to $3.45 so having been long
yesterday before I took roughly $1,000 in profits, I have no problem switching
gears and buying GLUU again into earnings next week if it breaks this
consolidation pattern to the upside. Shares are available to short at my
preferred broker . The stock has a market cap of almost $200 million and an
earnings announcement on November 3. Raystream Inc. ( OTCBB:RAYS ) continues to
be one of the best short opportunities in the small cap market, but shows no
signs of cracking just yet. Im looking for a decline in volume here or the first
down day as a sign of weakening. The goal is to be short when the stock
collapses like another pump and dump White Smile Global ( OTCBB:WSML ) did
Thursday. Right now its very difficult to find shares to short of these bad
stocks but if youre looking for predictable scores in an choppy market, these
are usually good bets if you know what youre doing. Unlike the other two
companies above that are solid small caps up for good reasons, Raystreams rise
is at the hands of promoters who tout the stock to inflated levels until one day
the boat tips and the chart looks like Lithium Exploration ( OTCBB:LEXG ).
Timing when shorting trades like RAYS can be difficult and they can often go
supernova before they collapse, evidenced by LEXGs massive run so they are not
for the beginner. The Relative Strength on RAYS is extremely overbought at
89.28.
are overextended and due to dip. With the European markets red this morning and
futures slightly down, I think its fitting we add a few overbought stocks under
$3 to my previous list of good short ideas. Click here for a detailed article I
did Thursday to learn about shorting stocks under $5. Click here to bookmark my
FREE DAILY WATCH LIST of potential buys and shorts. CAMAC Energy ( AMEX:CAK ) is
up over 100% in October with an overbought Relative Strength Index reading of
72.16 heading into Fridays session. Shares closed at the high of day Thursday
meaning CAK might have a little more run in it before early entrants look to
take some profits which is only natural. The market cap is $160 million and my
preferred broker does have shares available . Earnings are scheduled for
November 9th. The trading range here is $1.10 to $.85. If it continues to go up
Ill look for short entry just below the 200 Moving Average of $1.28. I like this
company but stock will dip when overbought and therefore make good day to swing
trades for active traders like myself and my subscribers. Glu Mobile (
NASDAQ:GLUU ) is a stock I like and trade long regularly. Thursday I closed
swing trade for around $1,000 in profits on the long side. I took those profits
when it failed to breakout from its consolidation pattern in this bull market.
The stock is not overbought but seems to be saturated with sellers around $3.10
to $3.20. It did move up into the close Thursday so maybe its finally going to
break that $3.18 range heading into next weeks earnings, however, after watching
my swing long position for days Im inclined to think GLUU might be ready to
pullback Friday, especially if the market takes profits making lower highs as
the session wears on. The trading range here is $3.15 to $2.87 $2.66. A break
to the upside of $3.18 could signal a move to $3.45 so having been long
yesterday before I took roughly $1,000 in profits, I have no problem switching
gears and buying GLUU again into earnings next week if it breaks this
consolidation pattern to the upside. Shares are available to short at my
preferred broker . The stock has a market cap of almost $200 million and an
earnings announcement on November 3. Raystream Inc. ( OTCBB:RAYS ) continues to
be one of the best short opportunities in the small cap market, but shows no
signs of cracking just yet. Im looking for a decline in volume here or the first
down day as a sign of weakening. The goal is to be short when the stock
collapses like another pump and dump White Smile Global ( OTCBB:WSML ) did
Thursday. Right now its very difficult to find shares to short of these bad
stocks but if youre looking for predictable scores in an choppy market, these
are usually good bets if you know what youre doing. Unlike the other two
companies above that are solid small caps up for good reasons, Raystreams rise
is at the hands of promoters who tout the stock to inflated levels until one day
the boat tips and the chart looks like Lithium Exploration ( OTCBB:LEXG ).
Timing when shorting trades like RAYS can be difficult and they can often go
supernova before they collapse, evidenced by LEXGs massive run so they are not
for the beginner. The Relative Strength on RAYS is extremely overbought at
89.28.
Top 10 U.S.-Listed Chinese Stocks with Highest Return on Equity: BIDU, SPRD, DQ, JKS, CYOU, CAAS, GAME, CEO, SOL, NTES (Oct 28, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest Return on Equity
(ROE) ratio for the last 12 months. ROE shows a companys efficiency in making
profits from shareholders equity. It is equal to net profits divided by
shareholders equity. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 1st highest
Return on Equity in this segment of the market. Its ROE was 56.76% for the last
12 months. Its net profit margin was 46.51% for the same period. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) has the 2nd highest Return on Equity in
this segment of the market. Its ROE was 56.67% for the last 12 months. Its net
profit margin was 21.15% for the same period. Daqo New Energy Corp. (NYSE:DQ)
has the 3rd highest Return on Equity in this segment of the market. Its ROE was
54.90% for the last 12 months. Its net profit margin was 37.18% for the same
period. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has the 4th highest Return on
Equity in this segment of the market. Its ROE was 49.72% for the last 12 months.
Its net profit margin was 15.76% for the same period. Changyou.com Limited(ADR)
(NASDAQ:CYOU) has the 5th highest Return on Equity in this segment of the
market. Its ROE was 47.44% for the last 12 months. Its net profit margin was
52.84% for the same period. China Automotive Systems, Inc. (NASDAQ:CAAS) has the
6th highest Return on Equity in this segment of the market. Its ROE was 39.68%
for the last 12 months. Its net profit margin was 17.51% for the same period.
Shanda Games Limited(ADR) (NASDAQ:GAME) has the 7th highest Return on Equity in
this segment of the market. Its ROE was 31.39% for the last 12 months. Its net
profit margin was 26.86% for the same period. CNOOC Limited (ADR) (NYSE:CEO) has
the 8th highest Return on Equity in this segment of the market. Its ROE was
31.02% for the last 12 months. Its net profit margin was 30.19% for the same
period. ReneSola Ltd. (ADR) (NYSE:SOL) has the 9th highest Return on Equity in
this segment of the market. Its ROE was 30.88% for the last 12 months. Its net
profit margin was 12.29% for the same period. NetEase.com, Inc. (ADR)
(NASDAQ:NTES) has the 10th highest Return on Equity in this segment of the
market. Its ROE was 28.41% for the last 12 months. Its net profit margin was
44.50% for the same period.
(ROE) ratio for the last 12 months. ROE shows a companys efficiency in making
profits from shareholders equity. It is equal to net profits divided by
shareholders equity. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 1st highest
Return on Equity in this segment of the market. Its ROE was 56.76% for the last
12 months. Its net profit margin was 46.51% for the same period. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) has the 2nd highest Return on Equity in
this segment of the market. Its ROE was 56.67% for the last 12 months. Its net
profit margin was 21.15% for the same period. Daqo New Energy Corp. (NYSE:DQ)
has the 3rd highest Return on Equity in this segment of the market. Its ROE was
54.90% for the last 12 months. Its net profit margin was 37.18% for the same
period. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has the 4th highest Return on
Equity in this segment of the market. Its ROE was 49.72% for the last 12 months.
Its net profit margin was 15.76% for the same period. Changyou.com Limited(ADR)
(NASDAQ:CYOU) has the 5th highest Return on Equity in this segment of the
market. Its ROE was 47.44% for the last 12 months. Its net profit margin was
52.84% for the same period. China Automotive Systems, Inc. (NASDAQ:CAAS) has the
6th highest Return on Equity in this segment of the market. Its ROE was 39.68%
for the last 12 months. Its net profit margin was 17.51% for the same period.
Shanda Games Limited(ADR) (NASDAQ:GAME) has the 7th highest Return on Equity in
this segment of the market. Its ROE was 31.39% for the last 12 months. Its net
profit margin was 26.86% for the same period. CNOOC Limited (ADR) (NYSE:CEO) has
the 8th highest Return on Equity in this segment of the market. Its ROE was
31.02% for the last 12 months. Its net profit margin was 30.19% for the same
period. ReneSola Ltd. (ADR) (NYSE:SOL) has the 9th highest Return on Equity in
this segment of the market. Its ROE was 30.88% for the last 12 months. Its net
profit margin was 12.29% for the same period. NetEase.com, Inc. (ADR)
(NASDAQ:NTES) has the 10th highest Return on Equity in this segment of the
market. Its ROE was 28.41% for the last 12 months. Its net profit margin was
44.50% for the same period.
It’s Time to ‘Clean Up’ with Clorox Puts
When you're deciding whether to go short or long on a particular stock or
ETF, it is important to consider the relative strength of that stock in relation
to the overall market. When we get a strong day in the markets, as we did
yesterday, I scout out potential short (or put option) candidates by looking for
stocks that did not join in the festivities. In doing this, however, you want to
eliminate stocks that were down because of a bad earnings report, dividend cut,
or some other very bad news. Conversely, when we get a day of substantial market
weakness, for example, a Dow decrease of 200 or more points, I look for the
stocks or ETFs that bucked the trend and were in fact profitable on the day.
Can't Whitewash This So after yesterday's 339-point Dow rally, I noticed
that by contrast Clorox (NYSE: CLX ) put in a rather poor performance, closing
1.75% down for the day. In fact, a look at the chart below shows a bearish
engulfing candlestick pattern on Thursday that frequently forebodes more selling
to come in the near future. You can also see that intra-day low of $67.01
actually breached the 200-day moving average, and the closing price was right on
that average. The stock was lackluster for most of the day, and only a-last
minute gap higher at the end of the trading day saved CLX from having an
even-worse performance. After opening at $69.41, it sank slowly throughout the
day, with declining peaks, until near the closing bell. CLX briefly touched
$67.01 before finishing at $67.43. After the bell, the stock traded up to
$68.57. You will also note that the Stochastic oscillator has now fallen from
overbought territory to $63 and change, a bearish sign. The 14-period Relative
Strength Index (RSI), though neutral, seems to be languishing. And the Moving
Average Convergence/Divergence (MACD), while still in buy mode, seems to be
precariously close to generating a sell signal. This Chart Should Come with a
'Mr. Yuk' Sticker Another ominous sign is the "Death Cross," whereby the
50-day moving average has recently crossed below the 200-day moving average. CLX
hasn't fared too badly since then, but remember that the major indexes have
been moving up in recent weeks, and carrying most stocks with it. However, a
look at CLX, when compared to the S&P 500 shows that over the last month (23
trading days), the S&P has risen over 9%, while CLX is up less than 1%.
Increasing that time frame, over the last three months, the S&P has outperformed
CLX by about 6%. So we see that it was not just a one-day fluke that CLX was
bested by the general market, but instead a longstanding pattern. Therefore, as
the general market nears the top of its trading range (see the next chart with
the S&P 500 Bollinger Bands), it stands to reason that this is an excellent
candidate to play for further downside. The trade that looks good here is buying
the CLX Dec 17 Puts . Charts courtesy of stockcharts.com One caveat to note:
Clorox will announce earnings on Nov. 2. It's always a bit of a risk to trade
options right before an earnings report, so set your stops 3% or 4% below your
buy point, in case there is a big upside earnings surprise. However, given the
recent lackluster performance of CLX, I would be surprised to see that happen.
It is also possible that CLX could have a brief bounce higher from the 200-day
moving average. In fact, I would prefer to see that, before entering the put
position. The ideal entry point would probably be somewhere just below $72.34,
which was the intra-day peak of Aug. 30. However, I don't anticipate CLX
bouncing that high. So I would most likely enter the first half of my position
around $68.75 to $69, which would be just below Thursday's high. My goal for
the put is to sell it when the stock price drops to around the $63 to $64 price,
which would be a re-test of the most recent lows. Even if we only re-test the
Bollinger band trough at $64.33, we can still "clean up" rather nicely with
a CLX put!
ETF, it is important to consider the relative strength of that stock in relation
to the overall market. When we get a strong day in the markets, as we did
yesterday, I scout out potential short (or put option) candidates by looking for
stocks that did not join in the festivities. In doing this, however, you want to
eliminate stocks that were down because of a bad earnings report, dividend cut,
or some other very bad news. Conversely, when we get a day of substantial market
weakness, for example, a Dow decrease of 200 or more points, I look for the
stocks or ETFs that bucked the trend and were in fact profitable on the day.
Can't Whitewash This So after yesterday's 339-point Dow rally, I noticed
that by contrast Clorox (NYSE: CLX ) put in a rather poor performance, closing
1.75% down for the day. In fact, a look at the chart below shows a bearish
engulfing candlestick pattern on Thursday that frequently forebodes more selling
to come in the near future. You can also see that intra-day low of $67.01
actually breached the 200-day moving average, and the closing price was right on
that average. The stock was lackluster for most of the day, and only a-last
minute gap higher at the end of the trading day saved CLX from having an
even-worse performance. After opening at $69.41, it sank slowly throughout the
day, with declining peaks, until near the closing bell. CLX briefly touched
$67.01 before finishing at $67.43. After the bell, the stock traded up to
$68.57. You will also note that the Stochastic oscillator has now fallen from
overbought territory to $63 and change, a bearish sign. The 14-period Relative
Strength Index (RSI), though neutral, seems to be languishing. And the Moving
Average Convergence/Divergence (MACD), while still in buy mode, seems to be
precariously close to generating a sell signal. This Chart Should Come with a
'Mr. Yuk' Sticker Another ominous sign is the "Death Cross," whereby the
50-day moving average has recently crossed below the 200-day moving average. CLX
hasn't fared too badly since then, but remember that the major indexes have
been moving up in recent weeks, and carrying most stocks with it. However, a
look at CLX, when compared to the S&P 500 shows that over the last month (23
trading days), the S&P has risen over 9%, while CLX is up less than 1%.
Increasing that time frame, over the last three months, the S&P has outperformed
CLX by about 6%. So we see that it was not just a one-day fluke that CLX was
bested by the general market, but instead a longstanding pattern. Therefore, as
the general market nears the top of its trading range (see the next chart with
the S&P 500 Bollinger Bands), it stands to reason that this is an excellent
candidate to play for further downside. The trade that looks good here is buying
the CLX Dec 17 Puts . Charts courtesy of stockcharts.com One caveat to note:
Clorox will announce earnings on Nov. 2. It's always a bit of a risk to trade
options right before an earnings report, so set your stops 3% or 4% below your
buy point, in case there is a big upside earnings surprise. However, given the
recent lackluster performance of CLX, I would be surprised to see that happen.
It is also possible that CLX could have a brief bounce higher from the 200-day
moving average. In fact, I would prefer to see that, before entering the put
position. The ideal entry point would probably be somewhere just below $72.34,
which was the intra-day peak of Aug. 30. However, I don't anticipate CLX
bouncing that high. So I would most likely enter the first half of my position
around $68.75 to $69, which would be just below Thursday's high. My goal for
the put is to sell it when the stock price drops to around the $63 to $64 price,
which would be a re-test of the most recent lows. Even if we only re-test the
Bollinger band trough at $64.33, we can still "clean up" rather nicely with
a CLX put!
The Great Recession vs. The Great Depression – We May Have it Worse Now
They say everything is bigger and better in Texas. I say, everything is bigger
and badder (as in worse) on Wall Street today than 85 years ago. Despite all the
parallels that exist between today and the Great Depression, there is one factor
that just doesnt match up time. The Great (post-2007) Recession has already
lasted longer than the 1929 to 1932 market meltdown. If you focus merely on
elapsed time, you can reach two conclusions: Either there is no parallel, or the
2007 bear market is over The 2007 bear market will be more intense and last
longer than the 1929 1932 parallel A look at the pattern and shape of the
post-1929 and post-2007 declines, along with the sentiment that accompanied
major events within both periods, suggest that we are in a monster version of
the Great Depression with the next leg down not too far away. If You Think It
Cant Happen Again, Think Again Ive often heard that the Great Depression cant
happen again because we are no longer on the gold standard the absence of the
gold standard now allows the Federal Reserve to print their way out of any
recession. That is true, the Fed can now print unlimited amounts of money.
However, the non-existent gold standard is a double-edged sword. Just as it
enables the Fed to print money (which the Fed has done for decades), it has
enabled a massive leveraged bubble. Its this unbridled (by the gold standard)
leveraged frenzy that created a huge financial leverage bubble, and the Federal
Reserve attempted to fix the bubbles consequences with a new bubble the QE2
bubble. Regarding the QE2 bubble, the May ETF Profit Strategy Newsletter stated
that: The Fed is fueling a new bubble to combat the damage left behind by the
previous one. Once punctured, bubbles tend to deflate quickly. Deflate it did.
The S&P lost 296 points from the May 2 high to the Oct. 4 low. The liberty of an
unbridled currency did not prevent the decline. Sentiment Parallels Heres where
the parallels between the Great Depression stock market meltdown and the
post-2007 decline become interesting:
and badder (as in worse) on Wall Street today than 85 years ago. Despite all the
parallels that exist between today and the Great Depression, there is one factor
that just doesnt match up time. The Great (post-2007) Recession has already
lasted longer than the 1929 to 1932 market meltdown. If you focus merely on
elapsed time, you can reach two conclusions: Either there is no parallel, or the
2007 bear market is over The 2007 bear market will be more intense and last
longer than the 1929 1932 parallel A look at the pattern and shape of the
post-1929 and post-2007 declines, along with the sentiment that accompanied
major events within both periods, suggest that we are in a monster version of
the Great Depression with the next leg down not too far away. If You Think It
Cant Happen Again, Think Again Ive often heard that the Great Depression cant
happen again because we are no longer on the gold standard the absence of the
gold standard now allows the Federal Reserve to print their way out of any
recession. That is true, the Fed can now print unlimited amounts of money.
However, the non-existent gold standard is a double-edged sword. Just as it
enables the Fed to print money (which the Fed has done for decades), it has
enabled a massive leveraged bubble. Its this unbridled (by the gold standard)
leveraged frenzy that created a huge financial leverage bubble, and the Federal
Reserve attempted to fix the bubbles consequences with a new bubble the QE2
bubble. Regarding the QE2 bubble, the May ETF Profit Strategy Newsletter stated
that: The Fed is fueling a new bubble to combat the damage left behind by the
previous one. Once punctured, bubbles tend to deflate quickly. Deflate it did.
The S&P lost 296 points from the May 2 high to the Oct. 4 low. The liberty of an
unbridled currency did not prevent the decline. Sentiment Parallels Heres where
the parallels between the Great Depression stock market meltdown and the
post-2007 decline become interesting:
Europe Isn’t Crisis-Free, But It’s Righting Itself
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tdp2664 InvestorPlace Is Europe’s crisis over? The short answer is "no," Europe's crisis is not over. But Thursday's news was a major step in the right direction. Europe's leaders finally acknowledged what we all already knew: Greece is insolvent and cannot pay its outstanding debts. The country has reached the point where higher taxes and lower spending cannot balance the books; they instead cause the economy to contract, tax revenues to fall further, and the debt-to-GDP ratio to rise. Recent estimates had Greece's debt-to-GDP ratio at nearly 170% of GDP, and with the country's yawning budget deficit, that number was getting higher every month. It's a vicious, ugly cycle with no other way out. Greece had reached the point where its debt load was unsustainable and default was inevitable. The Europeans wisely chose to negotiate a large "voluntary" haircut of 50 percent between Greece and its bondholders rather than run the risk that Greece unilaterally decide to stop paying. It was not a popular move, and Europe's leaders will no doubt take political heat for it from their electorates. But it was the only sensible move to make. Although Greece will remain a problem for the EU for many years to come, its new debt load — at 120% of GDP — is sustainable, assuming the country continues to implement its reforms. With all of the focus on Greece, it is easy to miss three other bits of news that arguably are far more important. Europe's banks will be recapitalized. Under the deal, EU banks would be required to have core capital reserves of 9% after writing down the values of their sovereign debt holdings. This is critical to restoring confidence in the European banking sector; without healthy banks, a modern economy simply cannot function. The European Financial Stability Facility (a.k.a. the "bailout fund") will be leveraged, giving it total firepower of approximately $1.4 trillion. This should allow for flexibility to stabilize larger EU problem children Italy and Spain. And perhaps most importantly of all, the European Central Bank will continue its bond purchase program. This should give a jolt of confidence to Spanish and Italian bondholders and prevent a potentially devastating surge in borrowing costs. All of this bodes well for Europe and for global stock and commodity markets in general. Of course, all of this also hinges on Europe's leaders overcoming skeptical electorates and delivering what they have promised. The behavior of Europe's leaders throughout this two-year ordeal has been embarrassing, and it remains to be seen how well this grand bargain holds together. If Greece — or Italy, for that matter — bows to popular pressure at home and fails to deliver on its promised reforms, or if the national governments are lax about the implementation of the bank recapitalizations, the entire deal could come apart. But, for the time being, investors appear to like what they hear. The Dow rose by almost 340 points on the news, and some European markets rose by more than 5%. It appears that the "risk on" trade is back. For investors, this means: Cyclical stock market sectors — and particularly banks — should outperform defensive sectors for the rest of 2011. Commodity prices — and particularly economically sensitive commodities such as crude oil and copper — should enjoy a nice rally. Gold — as much as I dislike it as a long-term investment — probably will drift higher as investors resume their preoccupation with inflation.
Open Trade Updates For Friday October 28, 2011
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tdp2664 Penny Stock Live Asia had a solid run but Europe is mixed this morning and futures are down. I don’t think we see the market fall apart and wouldn’t be shocked if we closed green. My guess is we dip at the open so early on I’ll be short biased until I see the market break red/green or make higher lows on it’s way toward red/green. I’m probably looking to make a day trade or two today but not sure I’ve found anything yet I want to swing for 2-3 days but I’ll be looking all day long. Remember, I was scouting out QPSA for days before I made my move – CLICK HERE – to see just one of many blog posts I did on QPSA just days before entry. Economic figures set for release Friday include September personal income data at 8:30 a.m. EDT and the University of Michigan's consumer sentiment data for October at 9:55 a.m. EDT. Thursday I closed GLUU at $3.12 because it failed to breakout of it’s consolidation phase. I really thought we’d see runup into earnings by now, maybe it happens next week, but one thing is for sure – the big boys have not been piling in during the bull run. Today I’ll have GLUU on my watch list to short as a result of this. Made about $1,000 on that trade start to finish so not bad for a few weeks work. WAVX has been the perfect technical trade and a good example of why I buy in 2 phases drifting into a trade or scaling as some call it. The alert at $2.61 was a good entry after the channel confirmed again. Then we bought $2.46 just above support of $2.45 before it ran $.35 cents the following day. Averaged in at $2.53, something I said I wanted to do, $2.80 was a great place to take about $1,000 off the table Thursday. Yes it’s an ascending triangle and yes that might break out but in my experience it’s best to pay yourself anytime you’ve made good swing trades. Hard to argue about $2,000 in 2 days which is why I decided it’s not necessary to gamble for the break of $3. Watch the old video on WAVX to learn from this pattern, it’s very powerful and we’ve done it before and will do it again. QPSA is going great. We’ll probably see some pullback today but I’m inclined to hold all my shares into next week. Right now I have no plans of selling, even if it dips because like I said, I expect a dip. I’m up about $3,000 unrealized right now and my immediate goal is $5. I’m not one to brag but once again I’ve positioned us in a company that’s now being touted as a buy by SeekingAlpha and TheStreet.com Thursday meaning more and more eyes are going to be support us at higher levels. I don’t think the short interest has thinned too much, was over 13 days to cover when we got in and we still have the myYearbook deal on the table. If this merger gets announced without additional financing I expect QPSA to fly up the chart possibly well past $5 for another $1-$2 premium on top of our existing profit. If the deal falls through or gets delayed for any reason I’m out immediately because that will be a catalyst for others to sell as well. Right now I’m very happy with out positioning. I’ll keep you updated as the day develops.
4 Solar Energy ETFs That Are Losing Power
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tdp2664 InvestorPlace It's not easy being green. Last year, solar energy exchange-traded funds (ETFs) were some of the hottest investments around. True believers touted the prospects of astronomical growth in such green technologies, both in the U.S. and in emerging markets like China. Solar and other alternative-energy ETFs were billed as a good way to cash in on sector growth as the global economy recovered and oil prices trended higher. But today, not only are abundant new shale gas plays putting the squeeze on alternative-energy investments, a still-struggling global economy is causing many utilities to postpone decisions about renewable energy. Solar ETFs in particular took a hit on Tuesday, after First Solar 's ( NASDAQ : FSLR ) ouster of CEO Rob Gillette. FLSR stock plummeted 24% on the news, the company scrambled to release third-quarter earnings a week early. While FSLR missed estimates and lowered guidance , the stock rebounded because the news wasn't as bad as feared. Still, a solar panel glut that's expected to exceed market demand throughout next year doesn't boost investor confidence in the sector — particularly in the wake of the $535 million Solyndra debacle . Obviously, recent reversals in the sector will not cause the sun to set on solar energy ETFs. There is broad commitment in the U.S. to reduce reliance on foreign oil, and emerging markets like China will drive growth over the next five to 10 years. But solar panel supply that exceeds demand — as well as recent bad press in the sector — will hamper growth of these funds in the near term. Here are four solar ETFs that are powering down now: Guggenheim Solar ETF The Guggenheim Solar ETF (AMEX: TAN ) tracks the performance of the MAC Global Solar Energy Index . First Solar is the top asset in TAN, comprising more than 19% of total holdings. That's why this ETF has been on a wild ride this week — down 8% on Tuesday and up more than 11% on Thursday. It's important to remember, though, at $3.66, TAN is still trading nearly 61% below its 52-week high of $9.16 in February. With a market cap of $82.06 million, TAN has a dividend yield of 0.77. TAN’s one-year performance is – 54.51%. Market Vectors Solar Energy ETF The Market Vectors Solar Energy ETF (AMEX: KWT ) aims to mirror the price and yield performance of the Ardour Solar Energy Index — First Solar accounts for 10.74% of the fund's holdings, which is why KWT dropped 7% on Tuesday and gained 11% on Thursday. At $5.20, KWT is trading nearly 64% below its 52-week high of $14.33 in February. With a market cap of $13.25 million, KWT has a dividend yield of 1.24%. KWT’s one-year performance is – 58.54%. iShares S&P Global Clean Energy Index Fund The iShares S&P Global Clean Energy Index Fund (AMEX: ICLN ) is a more diversified green-energy fund that tracks the yield and performance of the S&P Global Clean Energy Index — which includes solar equities like GT Advanced Technologies ( NASDAQ : GTAT ), as well as Covanta (NYSE: CVA ), which focuses on the waste-to-energy play. At $10.47, ICLN is trading nearly 45% below its 52-week high of $19 in April. With a market cap of $43.42 million, ICLN has a dividend yield of 2.83%. ICLN’s one-year performance is -37.06%. Global Alternative Energy ETF The Global Alternative Energy ETF (AMEX: GEX ) tracks the yield and performance of the Ardour Global Index and includes stocks like First Solar and Covanta. At $13.85, GEX is trading more than 39% below its 52-week high of $22.76 in April. With a market cap of $82.19 million, GEX has a dividend yield of 1.35%. GEX’s one-year performance is -31.61%. As of this writing, Susan J. Aluise did not hold a position in any of the investments mentioned here.
4 Solar Energy ETFs That Are Losing Power
It's not easy being green. Last year, solar energy exchange-traded funds
(ETFs) were some of the hottest investments around. True believers touted the
prospects of astronomical growth in such green technologies, both in the U.S.
and in emerging markets like China. Solar and other alternative-energy ETFs were
billed as a good way to cash in on sector growth as the global economy recovered
and oil prices trended higher. But today, not only are abundant new shale gas
plays putting the squeeze on alternative-energy investments, a still-struggling
global economy is causing many utilities to postpone decisions about renewable
energy. Solar ETFs in particular took a hit on Tuesday, after First Solar 's
(NASDAQ: FSLR ) ouster of CEO Rob Gillette. FLSR stock plummeted 24% on the
news, the company scrambled to release third-quarter earnings a week early.
While FSLR missed estimates and lowered guidance , the stock rebounded because
the news wasn't as bad as feared. Still, a solar panel glut that's expected
to exceed market demand throughout next year doesn't boost investor confidence
in the sector particularly in the wake of the $535 million Solyndra debacle .
Obviously, recent reversals in the sector will not cause the sun to set on solar
energy ETFs. There is broad commitment in the U.S. to reduce reliance on foreign
oil, and emerging markets like China will drive growth over the next five to 10
years. But solar panel supply that exceeds demand as well as recent bad press
in the sector will hamper growth of these funds in the near term. Here are four
solar ETFs that are powering down now: Guggenheim Solar ETF The Guggenheim Solar
ETF (AMEX: TAN ) tracks the performance of the MAC Global Solar Energy Index.
First Solar is the top asset in TAN, comprising more than 19% of total holdings.
That's why this ETF has been on a wild ride this week down 8% on Tuesday and
up more than 11% on Thursday. It's important to remember, though, at $3.66,
TAN is still trading nearly 61% below its 52-week high of $9.16 in February.
With a market cap of $82.06 million, TAN has a dividend yield of 0.77. TANs
one-year performance is - 54.51%. Market Vectors Solar Energy ETF The Market
Vectors Solar Energy ETF (AMEX: KWT ) aims to mirror the price and yield
performance of the Ardour Solar Energy Index First Solar accounts for 10.74% of
the fund's holdings, which is why KWT dropped 7% on Tuesday and gained 11% on
Thursday. At $5.20, KWT is trading nearly 64% below its 52-week high of $14.33
in February. With a market cap of $13.25 million, KWT has a dividend yield of
1.24%. KWTs one-year performance is - 58.54%. iShares S&P Global Clean Energy
Index Fund The iShares S&P Global Clean Energy Index Fund (AMEX: ICLN ) is a
more diversified green-energy fund that tracks the yield and performance of the
S&P Global Clean Energy Index which includes solar equities like GT Advanced
Technologies (NASDAQ: GTAT ), as well as Covanta (NYSE: CVA ), which focuses on
the waste-to-energy play. At $10.47, ICLN is trading nearly 45% below its
52-week high of $19 in April. With a market cap of $43.42 million, ICLN has a
dividend yield of 2.83%. ICLNs one-year performance is -37.06%. Global
Alternative Energy ETF The Global Alternative Energy ETF (AMEX: GEX ) tracks the
yield and performance of the Ardour Global Index and includes stocks like First
Solar and Covanta. At $13.85, GEX is trading more than 39% below its 52-week
high of $22.76 in April. With a market cap of $82.19 million, GEX has a dividend
yield of 1.35%. GEXs one-year performance is -31.61%. As of this writing, Susan
J. Aluise did not hold a position in any of the investments mentioned here.
(ETFs) were some of the hottest investments around. True believers touted the
prospects of astronomical growth in such green technologies, both in the U.S.
and in emerging markets like China. Solar and other alternative-energy ETFs were
billed as a good way to cash in on sector growth as the global economy recovered
and oil prices trended higher. But today, not only are abundant new shale gas
plays putting the squeeze on alternative-energy investments, a still-struggling
global economy is causing many utilities to postpone decisions about renewable
energy. Solar ETFs in particular took a hit on Tuesday, after First Solar 's
(NASDAQ: FSLR ) ouster of CEO Rob Gillette. FLSR stock plummeted 24% on the
news, the company scrambled to release third-quarter earnings a week early.
While FSLR missed estimates and lowered guidance , the stock rebounded because
the news wasn't as bad as feared. Still, a solar panel glut that's expected
to exceed market demand throughout next year doesn't boost investor confidence
in the sector particularly in the wake of the $535 million Solyndra debacle .
Obviously, recent reversals in the sector will not cause the sun to set on solar
energy ETFs. There is broad commitment in the U.S. to reduce reliance on foreign
oil, and emerging markets like China will drive growth over the next five to 10
years. But solar panel supply that exceeds demand as well as recent bad press
in the sector will hamper growth of these funds in the near term. Here are four
solar ETFs that are powering down now: Guggenheim Solar ETF The Guggenheim Solar
ETF (AMEX: TAN ) tracks the performance of the MAC Global Solar Energy Index.
First Solar is the top asset in TAN, comprising more than 19% of total holdings.
That's why this ETF has been on a wild ride this week down 8% on Tuesday and
up more than 11% on Thursday. It's important to remember, though, at $3.66,
TAN is still trading nearly 61% below its 52-week high of $9.16 in February.
With a market cap of $82.06 million, TAN has a dividend yield of 0.77. TANs
one-year performance is - 54.51%. Market Vectors Solar Energy ETF The Market
Vectors Solar Energy ETF (AMEX: KWT ) aims to mirror the price and yield
performance of the Ardour Solar Energy Index First Solar accounts for 10.74% of
the fund's holdings, which is why KWT dropped 7% on Tuesday and gained 11% on
Thursday. At $5.20, KWT is trading nearly 64% below its 52-week high of $14.33
in February. With a market cap of $13.25 million, KWT has a dividend yield of
1.24%. KWTs one-year performance is - 58.54%. iShares S&P Global Clean Energy
Index Fund The iShares S&P Global Clean Energy Index Fund (AMEX: ICLN ) is a
more diversified green-energy fund that tracks the yield and performance of the
S&P Global Clean Energy Index which includes solar equities like GT Advanced
Technologies (NASDAQ: GTAT ), as well as Covanta (NYSE: CVA ), which focuses on
the waste-to-energy play. At $10.47, ICLN is trading nearly 45% below its
52-week high of $19 in April. With a market cap of $43.42 million, ICLN has a
dividend yield of 2.83%. ICLNs one-year performance is -37.06%. Global
Alternative Energy ETF The Global Alternative Energy ETF (AMEX: GEX ) tracks the
yield and performance of the Ardour Global Index and includes stocks like First
Solar and Covanta. At $13.85, GEX is trading more than 39% below its 52-week
high of $22.76 in April. With a market cap of $82.19 million, GEX has a dividend
yield of 1.35%. GEXs one-year performance is -31.61%. As of this writing, Susan
J. Aluise did not hold a position in any of the investments mentioned here.
Europe Isn’t Crisis-Free, But It’s Righting Itself
Is Europes crisis over? The short answer is "no," Europe's crisis is not
over. But Thursday's news was a major step in the right direction. Europe's
leaders finally acknowledged what we all already knew: Greece is insolvent and
cannot pay its outstanding debts. The country has reached the point where higher
taxes and lower spending cannot balance the books; they instead cause the
economy to contract, tax revenues to fall further, and the debt-to-GDP ratio to
rise. Recent estimates had Greece's debt-to-GDP ratio at nearly 170% of GDP,
and with the country's yawning budget deficit, that number was getting higher
every month. It's a vicious, ugly cycle with no other way out. Greece had
reached the point where its debt load was unsustainable and default was
inevitable. The Europeans wisely chose to negotiate a large "voluntary"
haircut of 50 percent between Greece and its bondholders rather than run the
risk that Greece unilaterally decide to stop paying. It was not a popular move,
and Europe's leaders will no doubt take political heat for it from their
electorates. But it was the only sensible move to make. Although Greece will
remain a problem for the EU for many years to come, its new debt load at 120%
of GDP is sustainable, assuming the country continues to implement its reforms.
With all of the focus on Greece, it is easy to miss three other bits of news
that arguably are far more important. Europe's banks will be recapitalized.
Under the deal, EU banks would be required to have core capital reserves of 9%
after writing down the values of their sovereign debt holdings. This is critical
to restoring confidence in the European banking sector; without healthy banks, a
modern economy simply cannot function. The European Financial Stability Facility
(a.k.a. the "bailout fund") will be leveraged, giving it total firepower of
approximately $1.4 trillion. This should allow for flexibility to stabilize
larger EU problem children Italy and Spain. And perhaps most importantly of all,
the European Central Bank will continue its bond purchase program. This should
give a jolt of confidence to Spanish and Italian bondholders and prevent a
potentially devastating surge in borrowing costs. All of this bodes well for
Europe and for global stock and commodity markets in general. Of course, all of
this also hinges on Europe's leaders overcoming skeptical electorates and
delivering what they have promised. The behavior of Europe's leaders
throughout this two-year ordeal has been embarrassing, and it remains to be seen
how well this grand bargain holds together. If Greece or Italy, for that matter
bows to popular pressure at home and fails to deliver on its promised reforms,
or if the national governments are lax about the implementation of the bank
recapitalizations, the entire deal could come apart. But, for the time being,
investors appear to like what they hear. The Dow rose by almost 340 points on
the news, and some European markets rose by more than 5%. It appears that the
"risk on" trade is back. For investors, this means: Cyclical stock market
sectors and particularly banks should outperform defensive sectors for the
rest of 2011. Commodity prices and particularly economically sensitive
commodities such as crude oil and copper should enjoy a nice rally. Gold as
much as I dislike it as a long-term investment probably will drift higher as
investors resume their preoccupation with inflation.
over. But Thursday's news was a major step in the right direction. Europe's
leaders finally acknowledged what we all already knew: Greece is insolvent and
cannot pay its outstanding debts. The country has reached the point where higher
taxes and lower spending cannot balance the books; they instead cause the
economy to contract, tax revenues to fall further, and the debt-to-GDP ratio to
rise. Recent estimates had Greece's debt-to-GDP ratio at nearly 170% of GDP,
and with the country's yawning budget deficit, that number was getting higher
every month. It's a vicious, ugly cycle with no other way out. Greece had
reached the point where its debt load was unsustainable and default was
inevitable. The Europeans wisely chose to negotiate a large "voluntary"
haircut of 50 percent between Greece and its bondholders rather than run the
risk that Greece unilaterally decide to stop paying. It was not a popular move,
and Europe's leaders will no doubt take political heat for it from their
electorates. But it was the only sensible move to make. Although Greece will
remain a problem for the EU for many years to come, its new debt load at 120%
of GDP is sustainable, assuming the country continues to implement its reforms.
With all of the focus on Greece, it is easy to miss three other bits of news
that arguably are far more important. Europe's banks will be recapitalized.
Under the deal, EU banks would be required to have core capital reserves of 9%
after writing down the values of their sovereign debt holdings. This is critical
to restoring confidence in the European banking sector; without healthy banks, a
modern economy simply cannot function. The European Financial Stability Facility
(a.k.a. the "bailout fund") will be leveraged, giving it total firepower of
approximately $1.4 trillion. This should allow for flexibility to stabilize
larger EU problem children Italy and Spain. And perhaps most importantly of all,
the European Central Bank will continue its bond purchase program. This should
give a jolt of confidence to Spanish and Italian bondholders and prevent a
potentially devastating surge in borrowing costs. All of this bodes well for
Europe and for global stock and commodity markets in general. Of course, all of
this also hinges on Europe's leaders overcoming skeptical electorates and
delivering what they have promised. The behavior of Europe's leaders
throughout this two-year ordeal has been embarrassing, and it remains to be seen
how well this grand bargain holds together. If Greece or Italy, for that matter
bows to popular pressure at home and fails to deliver on its promised reforms,
or if the national governments are lax about the implementation of the bank
recapitalizations, the entire deal could come apart. But, for the time being,
investors appear to like what they hear. The Dow rose by almost 340 points on
the news, and some European markets rose by more than 5%. It appears that the
"risk on" trade is back. For investors, this means: Cyclical stock market
sectors and particularly banks should outperform defensive sectors for the
rest of 2011. Commodity prices and particularly economically sensitive
commodities such as crude oil and copper should enjoy a nice rally. Gold as
much as I dislike it as a long-term investment probably will drift higher as
investors resume their preoccupation with inflation.
How To Fund Your Retirement With Dividend Growth Stocks
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace My dividend investing strategy entails purchasing dividend growth stocks that meet qualitative and quantitative entry criteria. The goal of my dividend growth portfolio is to purchase stocks that will raise dividends for years, without me having to reinvest anything back. The stream of dividend income will be used to fund my retirement, while the dividend growth will provide protection against inflation. I do not plan on selling, unless one of these three situations occur. My strategy relies on companies which grow dividends over time. However, I do expect that I will experience dividend cuts and eliminations. Despite the fact that I own more than 40 individual stocks, a few rotten apples could lead to flat or lower dividend income for me. One of the three reasons that cause me to sell a stock is when it cuts distributions . However, I do end up replacing the cutter with a company from a similar sector, which meets my entry criteria. For example, when I sold the financial State Street (NYSE: STT ) in 2009, I replaced it with AFLAC (NYSE: AFL ). As a result, in order to reduce the risk of dividend cuts, I analyze the sustainability of the dividend payments before I commit any capital to new or existing positions. For most stocks this means evaluating whether the dividend payout ratio is less than 60%. The dividend payout ratio is the percentage of earnings that the company distributes to shareholders in the form of dividends. Besides the absolute percentages, I also look for the trends in this ratio. In addition, I focus on the earnings and the dividend growth over the past decade, in order to assess any changes that could potentially affect the sustainability of dividend payments. Some companies increase dividends much faster than earnings, which lead to increase in the dividend payout ratio. This typically puts a limit on future dividend growth, because increasing dividends faster than earnings would lead to unsustainable payout. Thus, a clear rising trend in the payout ratio is a potential warning sign — particularly if the ratio is rising above 50%. While I can calculate the ratio right now, once I initiate a position, I realize that things can change afterwards. A company that raises dividends faster than earnings, will eventually be in a position where it might not be able to reinvest sufficient amounts into the business. This could lead to dividend cuts, which are to be avoided. Another item to note includes structural changes. Banks such as U.S. Bancorp (NYSE: USB ) and Bank of America (NYSE: BAC ) used to be darlings for dividend growth investors. However, the events of 2008 led to steep dividend cuts . An investor who purchased these stocks in the 1990's could not have foreseen the events that led to the financial crisis of 2007 to 2009. Only those who monitored their portfolios closely and weren't "married" to their stock holdings would have been nimble enough to dispose of the stock after the first dividend cut in 2008.
Only a Fool Would Chase This Bear Market Rally
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . A little consensus and shifting a good amount of the debt burden to the banks was all it took from Europe and markets went bananas over it.
Todays gold price per ounce rates spot gold price per gram; Spot silver price per ounce rate news today
XCSFDHG46767FHJHJF
dow2664 The positive trends for gold price per ounce and silver price per ounce continued during the last trading session. Both precious metal closing rates closed out on the positive side of break-even once again. Trends for gold and silver have been better than expected this past week as trends for the primary stock indices have been climbing the ladder. October appears positioned to close out with noteworthy gains in the stock sector as well as the precious metal sector. Gold ’s one month change status continues to move significantly higher as the most recent analysis reveals a positive outcome by 7.62 percent. Silver’s one month change status continues to climb higher as well. It is posting higher by 14.86 percent over the same course of time. October has seen an increase in silver prices by approximately 5 dollars and gold price has risen this month by approximately 100 dollars. Gold contract for December delivery closed out last session higher by 1.40 percent at 1747l.70 per troy ounce. Silver contract for December delivery finished higher by 5.41 percent at 35.11 per troy ounce. After session close but prior to opening bell this morning, spot gold price per gram trends were higher by .86 at 56.28. Spot silver price per ounce trends were moving higher by 2.16 at 35.47. Camillo Zucari
Gold & Silver Prices – Daily Outlook October 28
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices recorded additional sharp gains yesterday following the European Union leaders agreement on debt reduction for Greece; the news of the U.S GDP growth in Q3 may have also helped push commodities prices up as the confidence in the markets grew. Currently gold and silver prices are traded with moderate changes. Today, U.S. Employment Cost Index will be published and U.S. Personal Income and Outlays report. Here is a market outlook of precious metals prices for today, October 28th: Gold and Silver Prices – October Update Gold price rose on Thursday by 1.40% to $1,747.7; silver price also sharply inclined by 5.41% to $35.11. These are the highest price levels these metals have reached in October. The chart below presents the development of gold and silver prices during October (normalized gold and silver prices (September 30th 2011=100)). During October, gold price increased by 7.7% and silver prices by 16.7%. The ratio between gold and silver prices sharply fell on Thursday, October 27th to 49.78. During October, silver price inclined by a slightly larger rate than gold price as the ratio slipped by 7.7%. US GDP Grew by 2.5% in Q3 2011 As reported yesterday, the growth
Todays gold price per ounce rates spot gold price per gram; Spot silver price per ounce rate news today
The positive trends for gold price per ounce and silver price per ounce
continued during the last trading session. Both precious metal closing rates
closed out on the positive side of break-even once again. Trends for gold and
silver have been better than expected this past week as trends for the primary
stock indices have been climbing the ladder. October appears positioned to close
out with noteworthy gains in the stock sector as well as the precious metal
sector. Golds one month change status continues to move significantly higher as
the most recent analysis reveals a positive outcome by 7.62 percent. Silvers one
month change status continues to climb higher as well. It is posting higher by
14.86 percent over the same course of time. October has seen an increase in
silver prices by approximately 5 dollars and gold price has risen this month by
approximately 100 dollars. Gold contract for December delivery closed out last
session higher by 1.40 percent at 1747l.70 per troy ounce. Silver contract for
December delivery finished higher by 5.41 percent at 35.11 per troy ounce. After
session close but prior to opening bell this morning, spot gold price per gram
trends were higher by .86 at 56.28. Spot silver price per ounce trends were
moving higher by 2.16 at 35.47. Camillo Zucari
continued during the last trading session. Both precious metal closing rates
closed out on the positive side of break-even once again. Trends for gold and
silver have been better than expected this past week as trends for the primary
stock indices have been climbing the ladder. October appears positioned to close
out with noteworthy gains in the stock sector as well as the precious metal
sector. Golds one month change status continues to move significantly higher as
the most recent analysis reveals a positive outcome by 7.62 percent. Silvers one
month change status continues to climb higher as well. It is posting higher by
14.86 percent over the same course of time. October has seen an increase in
silver prices by approximately 5 dollars and gold price has risen this month by
approximately 100 dollars. Gold contract for December delivery closed out last
session higher by 1.40 percent at 1747l.70 per troy ounce. Silver contract for
December delivery finished higher by 5.41 percent at 35.11 per troy ounce. After
session close but prior to opening bell this morning, spot gold price per gram
trends were higher by .86 at 56.28. Spot silver price per ounce trends were
moving higher by 2.16 at 35.47. Camillo Zucari
Gold & Silver Prices – Daily Outlook October 28
Gold and silver prices recorded additional sharp gains yesterday following the
European Union leaders agreement on debt reduction for Greece; the news of the
U.S GDP growth in Q3 may have also helped push commodities prices up as the
confidence in the markets grew. Currently gold and silver prices are traded with
moderate changes. Today, U.S. Employment Cost Index will be published and U.S.
Personal Income and Outlays report. Here is a market outlook of precious metals
prices for today, October 28th: Gold and Silver Prices – October Update Gold
price rose on Thursday by 1.40% to $1,747.7; silver price also sharply inclined
by 5.41% to $35.11. These are the highest price levels these metals have reached
in October. The chart below presents the development of gold and silver prices
during October (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price increased by 7.7% and silver prices by 16.7%. The
ratio between gold and silver prices sharply fell on Thursday, October 27th to
49.78. During October, silver price inclined by a slightly larger rate than gold
price as the ratio slipped by 7.7%. US GDP Grew by 2.5% in Q3 2011 As reported
yesterday, the growth
European Union leaders agreement on debt reduction for Greece; the news of the
U.S GDP growth in Q3 may have also helped push commodities prices up as the
confidence in the markets grew. Currently gold and silver prices are traded with
moderate changes. Today, U.S. Employment Cost Index will be published and U.S.
Personal Income and Outlays report. Here is a market outlook of precious metals
prices for today, October 28th: Gold and Silver Prices – October Update Gold
price rose on Thursday by 1.40% to $1,747.7; silver price also sharply inclined
by 5.41% to $35.11. These are the highest price levels these metals have reached
in October. The chart below presents the development of gold and silver prices
during October (normalized gold and silver prices (September 30th 2011=100)).
During October, gold price increased by 7.7% and silver prices by 16.7%. The
ratio between gold and silver prices sharply fell on Thursday, October 27th to
49.78. During October, silver price inclined by a slightly larger rate than gold
price as the ratio slipped by 7.7%. US GDP Grew by 2.5% in Q3 2011 As reported
yesterday, the growth
Should You Buy the Dow — United Technologies
Today, were looking at Dow Jones Industrial Average component
Todays DJIA Index DJX DJI Dow Jones Average, S&P 500, Nasdaq; Stock Market Investing News Today
XCSFDHG46767FHJHJF
dow2664 The positive sentiment continued in the global marketplace during the last trading session. Primary indicators across the board were pushed higher due to the debt resolution plan that was agreed upon by European leaders. Primary stock indices across the globe were pushed in a positive direction as a result of the European plan. The stock indices in the U.S. finished off their respective sessions with a bang. The last session was full of positive sentiment regarding the debt resolution plan. Many proclaim the plan will pull the eurozone out from under the veil of recession while helping to stabilize finances in the area. Investors were full of optimism because of this perception. The DJIA climbed fairly steadily throughout the day and ultimately the primary index composites in the U.S. finished off the day green across the board. Another day, another positive close. The positive outcomes have been adding up in the marketplace and this is turning the month of October into one of the best for stock trends in years. In other positive economic news, the U.S. government reported that the U.S. third quarter gross domestic product notched higher at an annual rate of 2.5 percent. In addition to this positively skewed news, the Labor Department reported that weekly jobless claims dropped lower last week by 2,000 to 402,000. It was generally a good day in the marketplace. The Dow Jones Industrial Average closed the day higher by 2.86 percent at 12,208.55. The Nasdaq finished higher by 3.32 percent at 2,738.63. The S&P 500 finished the day higher by 3.43 percent at 1,284.59. Frank Matto
Oversold ‘Fracking’ Supplier Has Breakout Potential
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Carbo Ceramics, Inc. (NYSE: CRR ) is the world's largest supplier of ceramic proppant used in the fracturing process for oil and gas companies — commonly referred to as “fracking.” Carbo Ceramics is also a provider of software for geotechnical monitoring. Click to Enlarge Carbo supplies to oil and gas wells and oilfield service companies.
Warning: The Ride Down Will Be Just as Fast as the Ride Up
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Stocks soared yesterday following an agreement by European Union leaders to increase their bailout fund to $1.4 trillion dollars, recapitalize their banks, and agree to a voluntary 50% hair-cut on Greek sovereign bonds. And the euro jumped 2.3% to $1.419, its best performance of the year. The S&P 500 rose 3.43%, Nasdaq was up 3.32%, and the DJIA rose 2.86% backed by an increase in volume. The NYSE traded 1.4 billion shares and Nasdaq crossed 736 million shares—both significantly higher than the average daily volume of the last two weeks which was under 1 billion shares. Advancers exceeded decliners by 7-to-1 on the Big Board and 5-to-1 on Nasdaq . Click to Enlarge To put it mildly—Nasdaq had a technical breakout. But the close above its 200-day moving average does not establish a new bull market. However it does reinforce the bullish point of view by confirming that the near- and intermediate-term trends are now up. This should not shock us, as noted earlier this month, high-velocity rallies like this are common in bear markets. In fact bear-market rallies traditionally move faster and farther than bull-market rallies because bull markets plod without the accompanying volatility. The current rally is one of the fastest on record: The WSJ said that if yesterday was the last day of October, Nasdaq would have had its best month in points up since January 2001. They failed to note that the rally in January 2001 was a bear-market rally. It closed the month at 2,261—the bottom was not made until October 2002 at 1,108. Click to Enlarge Despite some good economic news in the U.S., the focus of the rally was the deal in Europe. And it had a profound impact on the dollar—driving it to within .32 of its 2011 low. But note that the stochastic issued a buy signal, which is coincident with a gap that opened from 21.42 to 21.25. Gaps of this nature have a very high percentage close rate. In other words look for a rally in the buck soon. This week's break from the resistance zone of 1,220 to 1,230 had a direct impact on the 500's Relative Strength Index , bumping it to 65.12 from 58.80 in just one day. Click to Enlarge At prior tops this year the RSI hit 67.35 and 67.00. We could be just a day or two from hitting those numbers again. Conclusion: Yesterday I took the unusual step of entering the following on the DTA comments section , "The probability of a 'Buying Climax' is very high. Fib 66.6% retracement of March high to Oct low takes us just above the 200-day moving average of the 500 at 1,275 and would be the flip side of the selling climax in early October." This message pertains to short-term trades only. We obviously did not get a reversal yesterday. But I want to alert our readers to the fact that conditions now exist that could, at anytime, result in a reversal down. And a reversal from the current high levels could have almost as much impact as the reversal up that occurred just 3 ½ weeks ago. Short sellers can either wait for the reversal or probe the market several times while being protected with stop-loss orders. But others may want to wait for a definite signal before shorting. Finally, as we enter the last couple of days of October, there is a possibility that institutional buyers could commit cash reserves in an attempt to "not be left behind." The stock market is in a high state of risk for both buyers and sellers. If you are uncomfortable taking new positions then sit it out until your comfort level returns. Get Sam Collins’ trade of the day: This oversold “fracking” energy stock has breakout potential Get Serge Berger’s take on the markets: Only a fool would chase this bear market rally .
Sharp Gains for Gold Silver and Oil –Daily Recap October 27
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Major commodities got a big bump yesterday after the news of EU leaders reaching an agreement on the debt crisis resolution, and the news of the U.S. GDP growth rate reaching 2.5% broke; these news items seem to have helped pull down the USD and consequently raise the prices of commodities including gold , silver and crude oil prices.
Top Insurance Stocks: Brokers, Health, Life, Property & Casualty
XCSFDHG46767FHJHJF
dow2664 The Aflac (AFL) duck must be really quacking. The company just reported operating earnings of $1.66 per share muck higher than the Zacks Consensus Estimate of $1.60 and significantly higher than $1.45 for the same quarter last year. Aflac, a provider of health, accident, and life insurance, pays a yield of 2.9% and trades at seven times forward earnings. There are plenty of ways to invest in the insurance business, depending on the type of insurance the companies offer. First, you can invest in the insurance brokers. then you have the insurance providers: Health and Accident, Life, Property & Casualty, and Title and Surety. In the life insurance sector, Sun Life Financial Inc. (SLF) has a forward price to earnings ratio of 8, a favorable price to earnings growth ratio of 0.84 and a dividend yield of 6.0%. Maiden Holdings, Ltd. (MHLD) is an interesting company in the property casualty arena. The company provides specialty reinsurance for the global property and casualty market. The stock trades at 6.5 times forward earnings, a 0.68 PEG ratio, and a yield of 4.0%. In regards to surety and title insurance companies, Fidelity National Financial, Inc. (FNF), trades at 13 times forward earnings, has a PEG of 0.93, yields 3.1%. Finally the brokers. Marsh & McLennan (MMC) pays a yield of 2.9%, has a forward PE of 14, and a PEG of 1.71. To access free lists of all the stocks in the various segments of the insurance industry, Brokers, Health and Accident, Life, Property & Casualty, and Title and Surety , go to WallStreetNewsNetwork.com. Disclosure: Author didn’t own any of the above at the time the article was written. By Stockerblog.com
What to Expect From Apple’s HDTV
Its coming. When it hits the market, how much it will cost, and whether it will
redefine an entire industry like a few other notable products in the companys
arsenal have are all questions with unclear answers, but make no mistake: Apple
(NASDAQ: AAPL ) is making a television . The Cupertino, Calif.-based technology
company owns your pocket contents. Now it wants your living room. Given the way
people have responded to the iPad Apple sold just under 40 million tablets
inside of 18 months its obvious Apple knows how to get people to buy an
unusual, expensive piece of technology that they didnt even know they wanted.
What precisely will the Apple HDTV be, though? Details are scarce at this stage.
As quoted in Walter Isaacsons new biography, Apple co-founder Steve Jobs said,
Id like to create an integrated television set that is completely easy to use
… It would seamlessly integrate with all of your devices and with iCloud. It
will have the simplest interface. I finally cracked it. For now, heres whats
known or being hinted at for Apples new HDTV: iOS The device likely will be an
iOS device, using the same operating system as the iPad, iPhone and existing
Apple TV set-top box. Unlike the Apple TV, though, the new device will support
live TV and DVR, much like traditional cable boxes. Piper Jaffray analyst Gene
Munster has been saying as much since September 2010 when Apple signed a
confidential multiyear deal with Rovi (NASDAQ: ROVI ). At the time, Munster
said, (Apple) will likely launch an all-in-one Apple Television in the next 2-4
years. Following its deal with Rovi, Apple would be clear to add live TV, DVR,
and guidance features to its Apple TV product, which we believe is a critical
step towards in all-in-one Apple Television. LCD Its also likely that Apples set
will be an LCD television. Apple invested nearly $4 billion in the LCD screen
industry in January, securing contracts with Wintek, Sharp and TPK. While it
made sense for Apple to shore Apple LCD supplies given the runaway success of
its portable devices, the large sum poured in the technology also was noted as
evidence of Apples TV plans, according to Munster.
redefine an entire industry like a few other notable products in the companys
arsenal have are all questions with unclear answers, but make no mistake: Apple
(NASDAQ: AAPL ) is making a television . The Cupertino, Calif.-based technology
company owns your pocket contents. Now it wants your living room. Given the way
people have responded to the iPad Apple sold just under 40 million tablets
inside of 18 months its obvious Apple knows how to get people to buy an
unusual, expensive piece of technology that they didnt even know they wanted.
What precisely will the Apple HDTV be, though? Details are scarce at this stage.
As quoted in Walter Isaacsons new biography, Apple co-founder Steve Jobs said,
Id like to create an integrated television set that is completely easy to use
… It would seamlessly integrate with all of your devices and with iCloud. It
will have the simplest interface. I finally cracked it. For now, heres whats
known or being hinted at for Apples new HDTV: iOS The device likely will be an
iOS device, using the same operating system as the iPad, iPhone and existing
Apple TV set-top box. Unlike the Apple TV, though, the new device will support
live TV and DVR, much like traditional cable boxes. Piper Jaffray analyst Gene
Munster has been saying as much since September 2010 when Apple signed a
confidential multiyear deal with Rovi (NASDAQ: ROVI ). At the time, Munster
said, (Apple) will likely launch an all-in-one Apple Television in the next 2-4
years. Following its deal with Rovi, Apple would be clear to add live TV, DVR,
and guidance features to its Apple TV product, which we believe is a critical
step towards in all-in-one Apple Television. LCD Its also likely that Apples set
will be an LCD television. Apple invested nearly $4 billion in the LCD screen
industry in January, securing contracts with Wintek, Sharp and TPK. While it
made sense for Apple to shore Apple LCD supplies given the runaway success of
its portable devices, the large sum poured in the technology also was noted as
evidence of Apples TV plans, according to Munster.
Sharp Gains for Gold Silver and Oil –Daily Recap October 27
Major commodities got a big bump yesterday after the news of EU leaders reaching
an agreement on the debt crisis resolution, and the news of the U.S. GDP growth
rate reaching 2.5% broke; these news items seem to have helped pull down the USD
and consequently raise the prices of commodities including gold, silver and
crude oil prices.
an agreement on the debt crisis resolution, and the news of the U.S. GDP growth
rate reaching 2.5% broke; these news items seem to have helped pull down the USD
and consequently raise the prices of commodities including gold, silver and
crude oil prices.
Todays DJIA Index DJX DJI Dow Jones Average, S&P 500, Nasdaq; Stock Market Investing News Today
The positive sentiment continued in the global marketplace during the last
trading session. Primary indicators across the board were pushed higher due to
the debt resolution plan that was agreed upon by European leaders. Primary stock
indices across the globe were pushed in a positive direction as a result of the
European plan. The stock indices in the U.S. finished off their respective
sessions with a bang. The last session was full of positive sentiment regarding
the debt resolution plan. Many proclaim the plan will pull the eurozone out from
under the veil of recession while helping to stabilize finances in the area.
Investors were full of optimism because of this perception. The DJIA climbed
fairly steadily throughout the day and ultimately the primary index composites
in the U.S. finished off the day green across the board. Another day, another
positive close. The positive outcomes have been adding up in the marketplace and
this is turning the month of October into one of the best for stock trends in
years. In other positive economic news, the U.S. government reported that the
U.S. third quarter gross domestic product notched higher at an annual rate of
2.5 percent. In addition to this positively skewed news, the Labor Department
reported that weekly jobless claims dropped lower last week by 2,000 to 402,000.
It was generally a good day in the marketplace. The Dow Jones Industrial Average
closed the day higher by 2.86 percent at 12,208.55. The Nasdaq finished higher
by 3.32 percent at 2,738.63. The S&P 500 finished the day higher by 3.43 percent
at 1,284.59. Frank Matto
trading session. Primary indicators across the board were pushed higher due to
the debt resolution plan that was agreed upon by European leaders. Primary stock
indices across the globe were pushed in a positive direction as a result of the
European plan. The stock indices in the U.S. finished off their respective
sessions with a bang. The last session was full of positive sentiment regarding
the debt resolution plan. Many proclaim the plan will pull the eurozone out from
under the veil of recession while helping to stabilize finances in the area.
Investors were full of optimism because of this perception. The DJIA climbed
fairly steadily throughout the day and ultimately the primary index composites
in the U.S. finished off the day green across the board. Another day, another
positive close. The positive outcomes have been adding up in the marketplace and
this is turning the month of October into one of the best for stock trends in
years. In other positive economic news, the U.S. government reported that the
U.S. third quarter gross domestic product notched higher at an annual rate of
2.5 percent. In addition to this positively skewed news, the Labor Department
reported that weekly jobless claims dropped lower last week by 2,000 to 402,000.
It was generally a good day in the marketplace. The Dow Jones Industrial Average
closed the day higher by 2.86 percent at 12,208.55. The Nasdaq finished higher
by 3.32 percent at 2,738.63. The S&P 500 finished the day higher by 3.43 percent
at 1,284.59. Frank Matto
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