Insurance stocks are tricky businesses. For a good insurance stock, you have to
find a company without exposure to the worst weather patterns such as hurricanes
and snowstorms, and you have to know just how well a company reinvests the
premiums from policyholders as a way to grow its funds base instead of just
sitting on the cash and waiting to pay for claims. Unfortunately, with a bleak
winter outlook and the prospect of a tumultuous market, it's nearly impossible
to depend on most insurers to avoid pricey claims or to grow their capital base
through wise investing. I watch more than 5,000 publicly traded companies with
my Portfolio Grader tool, ranking companies by a number of fundamental and
quantitative measures. This week Ive got 9 insurance stocks to sell. Here they
are, in alphabetical order. Each one of these stocks gets a "D" or "F"
according to my research, meaning it is a "sell" or "strong sell."
Allstate Corp. (NYSE: ALL ) is involved with personal property insurance,
casualty insurance, life insurance, retirement and investment products. Like
other insurance stocks, ALL stock has slipped 18% in the past 11 months.
American International Group Inc. (NYSE: AIG ) is an insurance company that
serves customers in more than 130 countries. Despite owning a global operation,
AIG stock is down 58% since the start of 2011. Assured Guaranty (NYSE: AGO ) is
based in Bermuda and provides credit protection products to the United States
and other finance markets. AGO stock has slipped nearly 30% year-to-date,
similar to many other big insurance companies. China Life Insurance (NYSE: LFC )
is involved with individual life insurance, group life insurance, casualty
insurance, financing insurance, childrens insurance, endowment insurance and
protection insurance, among others. LFC stock has dropped 31% year-to-date,
compared to a gain of 2% for the Dow Jones. Genworth Financial Inc. (NYSE: GNW )
provides insurance, wealth management, investment and financial solutions to
more than 15 million customers all over the world. A staggering decline of 53%
year-to-date ensures GNW a spot on this list. Old Republic International Corp.
(NYSE: ORI ) is involved with insurance underwriting. ORI stock has dropped 37%
since the start of 2011, while the Dow Jones has posted a gain of 2% in the same
time period despite its volatility. PartnerRe (NYSE: PRE ) is an international
reinsurance group. A 17% drop year-to-date has left shareholders dismayed over
their original purchase. Platinum Underwriters (NYSE: PTP ) is a provider of
property and marine, casualty and finite risk reinsurance coverages. Rounding
out the list, PTP stock is down 22% since the start of 2011. The Hanover
Insurance Group (NYSE: THG ) operates in three business segments: commercial
lines, personal lines and other property and casualty. During the past year, THG
stock has dipped 18%. Get more analysis of these picks and other publicly-traded
stocks with Louis Navellier's Portfolio Grader tool, a 100% free stock-rating
tool that measures both quantitative buying pressure and eight fundamental
factors.
Thursday, November 3, 2011
Todays Dow Jones Industrial Average DJIA Index DJX DJI, Nasdaq Index, S&P 500 Index Stock Market World Economy Investing News Today
The primary stock indices in the U.S. moved through positive territory during
the majority of the last trading session. Stocks were on the rise due, in part,
to developments relating to the debt bailout plan in the eurozone. Greek Prime
Minister, George Papandreou, appears to be moving away from holding an early
vote on the bailout action plan recently developed by European leaders. His
wavering could increase uncertainty but for now, indices responded favorably. In
addition, the European Central Banks move to stimulate the economy through
interest rate cuts pushed investor optimism and confidence higher. Stock indices
were positively sloped as a result. Economic data which posted during the U.S.
trading session was positively skewed as well. According to the Labor
Department, weekly jobless claims dropped lower by about 9,000 last week. It was
also reported that Labor costs dropped and U.S. worker productivity increased.
As the session reached close, the primary indices in the U.S. were green across
the board. The Dow Jones Industrial was higher by 1.76 percent at 12,044.47. The
Nasdaq was higher by 2.20 percent at 2,697.97 and the S&P 500 was higher by 1.88
percent at 1,261.15. The dollar dropped lower to a handful of other currencies
and gold futures notched higher once again. Frank Matto
the majority of the last trading session. Stocks were on the rise due, in part,
to developments relating to the debt bailout plan in the eurozone. Greek Prime
Minister, George Papandreou, appears to be moving away from holding an early
vote on the bailout action plan recently developed by European leaders. His
wavering could increase uncertainty but for now, indices responded favorably. In
addition, the European Central Banks move to stimulate the economy through
interest rate cuts pushed investor optimism and confidence higher. Stock indices
were positively sloped as a result. Economic data which posted during the U.S.
trading session was positively skewed as well. According to the Labor
Department, weekly jobless claims dropped lower by about 9,000 last week. It was
also reported that Labor costs dropped and U.S. worker productivity increased.
As the session reached close, the primary indices in the U.S. were green across
the board. The Dow Jones Industrial was higher by 1.76 percent at 12,044.47. The
Nasdaq was higher by 2.20 percent at 2,697.97 and the S&P 500 was higher by 1.88
percent at 1,261.15. The dollar dropped lower to a handful of other currencies
and gold futures notched higher once again. Frank Matto
Notable News on Chinese Stocks: BIDU, RENN, SINA (Nov 4, 2011)
Below is the latest notable news on U.S.-listed Chinese stocks: Baidu.com, Inc.
(NASDAQ:BIDU) has acquired photo app developer PhotoWonder, according to Chinese
media reports. PhotoWonder has developed two photo apps that enable users to
decorate photos and share them with social network contacts. Its PhotoWonder app
is available on Android and iPhone, and has nearly 10 million users. In April
2011, Baidu CEO Robin Li made optimistic predictions on image apps. He believes
there will be a group of good image-related companies emerging in the next two
to three years. Renren Inc (NYSE:RENN) executive talks about strategy on browser
games. During The 9th China International Digital Content Expo., Chuan He,
Senior Vice President of Renren.com, spoke about the companys browser game
strategy. The company owns a game publishing platform where it co-operates games
with developers. It also develops and publishes its own games. Mr. He believes
the current trend is that much of peoples time spent on PC will be replaced by
time spent on mobile devices. Developers of browser games should consider
expanding their business to mobile devices.
(NASDAQ:BIDU) has acquired photo app developer PhotoWonder, according to Chinese
media reports. PhotoWonder has developed two photo apps that enable users to
decorate photos and share them with social network contacts. Its PhotoWonder app
is available on Android and iPhone, and has nearly 10 million users. In April
2011, Baidu CEO Robin Li made optimistic predictions on image apps. He believes
there will be a group of good image-related companies emerging in the next two
to three years. Renren Inc (NYSE:RENN) executive talks about strategy on browser
games. During The 9th China International Digital Content Expo., Chuan He,
Senior Vice President of Renren.com, spoke about the companys browser game
strategy. The company owns a game publishing platform where it co-operates games
with developers. It also develops and publishes its own games. Mr. He believes
the current trend is that much of peoples time spent on PC will be replaced by
time spent on mobile devices. Developers of browser games should consider
expanding their business to mobile devices.
Satellite Boom Good for DirecTV, News Corp.
Is satellite TV the wave of the future? After all, its expensive to dig up the
ground and put in cables an especially important factor for emerging markets
and far cheaper to put a satellite dish in front of a house. A look at DirecTV
(NASDAQ: DTV ) and News Corp. (NASDAQ: NWSA ) shows the satellite TV business
is
ground and put in cables an especially important factor for emerging markets
and far cheaper to put a satellite dish in front of a house. A look at DirecTV
(NASDAQ: DTV ) and News Corp. (NASDAQ: NWSA ) shows the satellite TV business
is
What’s Next for Gold and Platinum?
The silence in the major financial media on gold and precious metals last month
was deafening. As recently as a few weeks ago, you couldn't get away from gold
headlines if you wanted to. For months leading up to gold's parabolic jump,
the financial press was inundated with articles about gold. Most were wildly
bullish, but there also were quite a few bearish articles to be found and I
wrote a few of those bearish ones . The yellow metal certainly gave us all
plenty to write about. In a short-lived bout of speculative hysteria, the price
of gold soared above $1,900 in early September before quickly falling back down
to earth, losing $300 in a matter of weeks. But throughout the month of October,
very little was published on gold, bullish or bearish. It's as if the
investing public suddenly lost interest in the yellow metal. Some of the waning
interest is understandable. Gold's reputation as a "safe haven" certainly
lost its shine with Octobers action. Safe havens do not exhibit that kind of
volatility. And when it really does appear that the world is ending, it is to
the safety and liquidity of U.S. Treasuries that they run not that most
barbarous of relics, gold. Yet a funny thing has happened. Quietly, under the
radar, gold has mounted a comeback, rising more than $100 per ounce in just the
past week. As a professed gold bear, this makes me pause. Gold is rising quietly
, in the absence of the usual blustery gold bug bravado. This suggests the
weaker buyers were shaken out by last month's volatility and the current rise
might be a little more durable. It appears gold's role has shifted from that
of "crisis hedge" to "risk asset." After Europe's announcement that it
finally is serious about sovereign debt seriously jolted investors' animal
spirits, all risky assets have gotten a boost. This includes global equities,
industrial commodities and, yes, gold. I've made known my skepticism of
gold's value as a long-term investment in past articles. It pays no interest
or dividends, it has little in the way of intrinsic or industrial value, and the
only way you profit from gold is by finding someone willing to pay more for it
than you did. That's not an investment; it's a high-risk speculation.
was deafening. As recently as a few weeks ago, you couldn't get away from gold
headlines if you wanted to. For months leading up to gold's parabolic jump,
the financial press was inundated with articles about gold. Most were wildly
bullish, but there also were quite a few bearish articles to be found and I
wrote a few of those bearish ones . The yellow metal certainly gave us all
plenty to write about. In a short-lived bout of speculative hysteria, the price
of gold soared above $1,900 in early September before quickly falling back down
to earth, losing $300 in a matter of weeks. But throughout the month of October,
very little was published on gold, bullish or bearish. It's as if the
investing public suddenly lost interest in the yellow metal. Some of the waning
interest is understandable. Gold's reputation as a "safe haven" certainly
lost its shine with Octobers action. Safe havens do not exhibit that kind of
volatility. And when it really does appear that the world is ending, it is to
the safety and liquidity of U.S. Treasuries that they run not that most
barbarous of relics, gold. Yet a funny thing has happened. Quietly, under the
radar, gold has mounted a comeback, rising more than $100 per ounce in just the
past week. As a professed gold bear, this makes me pause. Gold is rising quietly
, in the absence of the usual blustery gold bug bravado. This suggests the
weaker buyers were shaken out by last month's volatility and the current rise
might be a little more durable. It appears gold's role has shifted from that
of "crisis hedge" to "risk asset." After Europe's announcement that it
finally is serious about sovereign debt seriously jolted investors' animal
spirits, all risky assets have gotten a boost. This includes global equities,
industrial commodities and, yes, gold. I've made known my skepticism of
gold's value as a long-term investment in past articles. It pays no interest
or dividends, it has little in the way of intrinsic or industrial value, and the
only way you profit from gold is by finding someone willing to pay more for it
than you did. That's not an investment; it's a high-risk speculation.
Vale’s Fundamentals, Dividend and Charts All Scream BUY Now
Vale (NYSE: VALE ), the Brazil stock that focuses on metals and mining, is not
exactly a sexy pick right now. If you like materials stocks, most investors
typically go for gold or maybe silver. If you like emerging market stocks, most
investors are looking to Asia. If you like stocks that feed the industrial
sector well, most investors think you are crazy. But investors should take
notice of Vale right now. The stock is showing tremendous growth over the long
term, pays a plump dividend (though an admittedly volatile one that fluctuates
quarter to quarter) and could be your best bargain buy in a market that feels
painfully overbought. I recently talked up the prospect of buying Alcoa (NYSE:
AA ) for similar reasons, citing Alcoa stock as a great bargain buy . But Vale
is even more attractive being 10 times the size, paying a bigger dividend and
having a footprint in emerging markets. The short term might be rocky, but
here's why I really think Vale could be a blockbuster investment for the long
term: Metal Prices Firming Up Yes, industrial demand remains weak. That's not
exactly news to anyone since manufacturing is stagnant amid a global economic
downturn and the housing market crash has put a big damper on the needs for
plumbing, wiring and other materials that use base metals. Click to Enlarge But
a look at copper and aluminum price charts hardly show that it is the worst of
times. While prices haven't regained to pre-recession levels which is no
surprise they have come storming back during the past three years from
financial crisis lows. Consider these charts, which show copper is up almost
four times over from its lows, and aluminum is about double 2009 levels.
Granted, there has been a softening in the past few months but the overall
trend continues to be up for the long term. I suppose car sales and home sales
will slump even lower than the "new normal," but frankly, if you believe
that, you shouldn't be investing in any stocks for the long term. The fact is
that manufacturing has almost nowhere to go but up if the American economy is
going to build a true recovery in the next year or two.
exactly a sexy pick right now. If you like materials stocks, most investors
typically go for gold or maybe silver. If you like emerging market stocks, most
investors are looking to Asia. If you like stocks that feed the industrial
sector well, most investors think you are crazy. But investors should take
notice of Vale right now. The stock is showing tremendous growth over the long
term, pays a plump dividend (though an admittedly volatile one that fluctuates
quarter to quarter) and could be your best bargain buy in a market that feels
painfully overbought. I recently talked up the prospect of buying Alcoa (NYSE:
AA ) for similar reasons, citing Alcoa stock as a great bargain buy . But Vale
is even more attractive being 10 times the size, paying a bigger dividend and
having a footprint in emerging markets. The short term might be rocky, but
here's why I really think Vale could be a blockbuster investment for the long
term: Metal Prices Firming Up Yes, industrial demand remains weak. That's not
exactly news to anyone since manufacturing is stagnant amid a global economic
downturn and the housing market crash has put a big damper on the needs for
plumbing, wiring and other materials that use base metals. Click to Enlarge But
a look at copper and aluminum price charts hardly show that it is the worst of
times. While prices haven't regained to pre-recession levels which is no
surprise they have come storming back during the past three years from
financial crisis lows. Consider these charts, which show copper is up almost
four times over from its lows, and aluminum is about double 2009 levels.
Granted, there has been a softening in the past few months but the overall
trend continues to be up for the long term. I suppose car sales and home sales
will slump even lower than the "new normal," but frankly, if you believe
that, you shouldn't be investing in any stocks for the long term. The fact is
that manufacturing has almost nowhere to go but up if the American economy is
going to build a true recovery in the next year or two.
Caterpillar or Joy Global: Which Should You Dig Into?
The farm and construction equipment industry had a strong October, with both
Caterpillar (NYSE: CAT ) and Joy Global (NASDAQ: JOYG ) achieving gains in
October that were higher than the S&P 500, which was up 10.9%. Caterpillar was
up 24.7% and Joy Global 39.8%. Year-to-date, however, theyre both in negative
territory, about equal with the index. Still, both are heating up so which one
should investors flock toward? Analyst Consensus First, lets take a look at
Caterpillar. Its third-quarter report was exceptional, delivering record profits
and revenues. Earnings per share beat the consensus estimate by 21%. According
to Caterpillar, its backlog in the quarter was higher than its ever been, and
this prompted analysts to up their guidance for 2011 and 2012. Analysts are
calling for 2012 EPS of $9.04 per share. If CAT hits its 2011 estimate of $6.85,
that will mean earnings growth of 32% next year. Its hard to bet against that.
As for Joy Global, it expects revenues and earnings per-share for fiscal 2011 of
at least $4.3 billion and $5.70 per share. Its backlog as of the end of the
third quarter was $3.2 billion substantially higher than the $1.82 billion in
fiscal 2010. The primary reason for this growth continues to be the success of
the mining business in general. Joy Globals year-end is Oct. 31, whereas
Caterpillars ends on Dec. 31, so annual estimates dont compare perfectly but
nonetheless are helpful to look at. Joy Globals fiscal 2012 earnings estimate is
$7.20 per share. The 2011 estimate is $5.93, which is the high end of the
companys guidance as of the end of the third quarter. Joy Global has delivered
positive earnings surprises in three of the past four quarters. Assuming JOYG
earnings hit $5.93 per share, next years earnings growth will be approximately
21% year-over-year. Not quite as high as Caterpillar, but very reasonable.
Direct Competition Caterpillar and Joy Global became much closer competitors in
July when Caterpillar completed its $8.8 billion purchase of Bucyrus
International, a manufacturer of high-productivity mining equipment for the
surface and underground mining industries. Thats Joy Globals bread and butter.
At the end of 2010, Caterpillars mining revenues were 11% of overall revenue
compared to 100% for Joy Global.
Caterpillar (NYSE: CAT ) and Joy Global (NASDAQ: JOYG ) achieving gains in
October that were higher than the S&P 500, which was up 10.9%. Caterpillar was
up 24.7% and Joy Global 39.8%. Year-to-date, however, theyre both in negative
territory, about equal with the index. Still, both are heating up so which one
should investors flock toward? Analyst Consensus First, lets take a look at
Caterpillar. Its third-quarter report was exceptional, delivering record profits
and revenues. Earnings per share beat the consensus estimate by 21%. According
to Caterpillar, its backlog in the quarter was higher than its ever been, and
this prompted analysts to up their guidance for 2011 and 2012. Analysts are
calling for 2012 EPS of $9.04 per share. If CAT hits its 2011 estimate of $6.85,
that will mean earnings growth of 32% next year. Its hard to bet against that.
As for Joy Global, it expects revenues and earnings per-share for fiscal 2011 of
at least $4.3 billion and $5.70 per share. Its backlog as of the end of the
third quarter was $3.2 billion substantially higher than the $1.82 billion in
fiscal 2010. The primary reason for this growth continues to be the success of
the mining business in general. Joy Globals year-end is Oct. 31, whereas
Caterpillars ends on Dec. 31, so annual estimates dont compare perfectly but
nonetheless are helpful to look at. Joy Globals fiscal 2012 earnings estimate is
$7.20 per share. The 2011 estimate is $5.93, which is the high end of the
companys guidance as of the end of the third quarter. Joy Global has delivered
positive earnings surprises in three of the past four quarters. Assuming JOYG
earnings hit $5.93 per share, next years earnings growth will be approximately
21% year-over-year. Not quite as high as Caterpillar, but very reasonable.
Direct Competition Caterpillar and Joy Global became much closer competitors in
July when Caterpillar completed its $8.8 billion purchase of Bucyrus
International, a manufacturer of high-productivity mining equipment for the
surface and underground mining industries. Thats Joy Globals bread and butter.
At the end of 2010, Caterpillars mining revenues were 11% of overall revenue
compared to 100% for Joy Global.
Place Your Chips on Qualcomm
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace What better stock to own right now than one that's positioned for organic growth regardless of what happens in Europe? Based on its earnings report released late Wednesday, Qualcomm ( NASDAQ : QCOM ) fits the bill. The company reported better-than-expected results on both the top and bottom lines, with revenue rising 36% and net income jumping by about 22%. It also raised its outlook for 2012, highlighting the most important aspect of the Qualcomm story: The company is in one of the sweetest spots of the global economy, since it is positioned to benefit from rising smartphone sales worldwide, the adoption of wireless 3G technology in emerging markets, and the upgrade to next-generation 4G in the developed world. And unlike its semiconductor competitors Texas Instruments (NYSE: TXN ) and Broadcom ( NASDAQ : BRCM ), it isn't burdened by exposure to personal computer sales. With these trends putting the wind at its back, Qualcomm looks good on both a short- and longer-term basis. In the short term, the company appears insulated from global economic trends. If the growth outlook improves, Qualcomm wins because consumers have more cash available to upgrade their mobile devices. But even if the growth outlook turns sharply lower, Qualcomm can still come out on top, because it's positioned to benefit from one of the most important growth themes in the global economy. There's also the longer-term trend of mobile devices moving from being a luxury to a staple for most consumers, which provides an additional bulwark against slower economic growth. Not least, the company is part of the Apple ( NASDAQ : AAPL ) and Google (NASDAQ: GOOG ) ecosystems, which enables it to benefit from the incredible demand for the iPhone 4S and the continued strength in Android-based smartphones. These attributes can be seen in both the company's 2012 earnings estimates – which have held steady in the past 90 days (falling from $3.53 a share to $3.47 a share) – even as the economic outlook has deteriorated. On a longer-term basis, Qualcomm offers some key attributes that go a long way toward identifying a winner. A top company should be innovative, it should make products that people can't live without, and it should have rising market share – all of which indicate a long runway for future growth. In terms of metrics, the ideal company should have robust free cash flow, high profit margins, and a strong return on equity, demonstrating that it is in a position to capitalize on the potential of this runway. Qualcomm meets these criteria in spades. All of this is reflected in a valuation premium for QCOM shares, but it isn't as high as you might expect given the strength in the company's underlying business. According to Nasdaq's website, Qualcomm shares trade at 16.6x forward earnings with a price-to-earnings-to-growth ratio of 1.08. The P/E ratio of 16.6 is about 30% higher than the broader market, but with that price comes the lack of down-cycle risk – making it a value at a time of extremely elevated headline risk. Still, QCOM is only modestly ahead the market for the past three years, even though it has outperformed it by a more substantial margin on a longer-term basis. If the company continues to deliver strong, steady growth, we could see this gap begin to widen once again: Putting it all together, Qualcomm belongs in the category of stocks that are "safe" to own, due to its positive long-term story and likelihood of outperforming if bad news knocks the broader market south once again. In a market that's flat to higher, QCOM looks set to challenge its high just short of $60 reached in March and July of this year. Play for a breakout (with stops) and consider this a top candidate if the market gives us another chance to buy the dip before year-end. As of this writing, Daniel Putnam did not own a position in any of the aforementioned stocks.
Lending Library Gambles With Amazon’s Growing eBook Business
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace As rumored back in September, Amazon ( NASDAQ : AMZN ) is indeed opening the very first commercially operated eBook library . The Kindle Owner’s Lending Library works a lot like Netflix ( NASDAQ : NFLX ), if you replace videos with digital editions of popular books. Subscribers to Amazon Prime, the company’s premium subscription service that also grants access to a library of streaming movies and TV shows, as well as discounted shipping rates on physical goods, will be able to borrow books from the library for a month at a time. According to Amazon, the library will offer thousands of titles, including bestsellers like Moneyball and Water for Elephants , with publishers like Scholastic ( NASDAQ : SCHL ), Bloomsbury and Simon & Schuster. The Lending Library is one more feather in the expansive cap that is Amazon Prime. Amazon’s premium subscription service is gaining new content support by the day. Disney (NYSE: DIS ) announced Monday that it is re-upping its streaming video contract with Netflix — but it also is bringing the same ABC and Disney Channel content to Amazon Prime . While Amazon doesn’t reveal its Prime subscription figures (much like its Kindle device sales numbers), Piper Jaffray analyst Gene Munster estimated in September that Prime has grown from 2 million subscribers in 2009 to 5 million in 2011 . The Lending Library should lure in existing Kindle e-reader owners to the service — a boon considering Amazon’s revenues increase 1.5% for every 1 million new Prime subscribers, Munster says. With the Lending Library, though, Amazon is (no pun intended) playing with fire. The eBook trade is a rapidly growing business, but a young and fragile one. Total eBook sales in the United States have grown 1,300% since 2008 , with sales across the entire e-publishing industry totaling $878 million in 2010. For Amazon, which announced in May that it sells 105 eBooks for every 100 print books , that growth is exciting — but it isn’t exactly filling the company coffers with loot. Amazon pulled down $10.88 billion in total revenues last quarter ( a disappointing quarter at that ), so the eBook trade clearly isn’t raking in a huge percentage of the company’s sales. The Lending Library could stunt Amazon’s eBook trade before its greatest earning potential is met. Russ Grandinetti, Amazon’s vice president of Kindle content, told Independent.ie in April that the average Kindle owner buys “ three times as many books ” as the average Amazon customer. That average Amazon customer at the end of 2010 was spending $60 per year on eBooks — more than three-quarters of the $79 annual subscription to Amazon Prime — according to Forrester analyst James McQuivey. Given the aforementioned rate of growth for eBook sales, it seems Amazon could be making more than the cost of a Prime subscription with eBooks alone — especially off current Kindle owners. Why limit that opportunity by giving away access to books that customers already have proven they’re willing to purchase individually? Endangering its own growth is dangerous enough, but Amazon also has to worry about how diminishing individual eBook sales will make the Kindle store appear compared to Apple ‘s (NASDAQ: AAPL ) iBookstore and Barnes & Noble ‘s (NYSE: BKS ) Nook business. If publishers see stronger individual sales from there, they might be tempted to offer those businesses the sort of exclusive content deals Amazon currently enjoys . For consumers, the Lending Library is one more appealing feature of Amazon Prime. For AMZN shareholders, it represents a risky change to a growing, promising business. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
The Gold Price Today Traded To $1,767.27, and Closed Up $35.50 Near The Top At $1,764.20
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold Price Close Today : 1764.20 Change : 35.50 or 2.1% Silver Price Close Today : 3448.8 Change : 55.9 cents or 1.6% Gold Silver Ratio Today : 51.154 Change : 0.204 or 0.4% Silver Gold Ratio Today : 0.01955 Change : -0.000078 or -0.4% Platinum Price Close Today : 1639.00 Change : 37.80 or 2.4% Palladium Price Close Today : 656.60 Change : 8.55 or 1.3% S&P 500 : 1,261.15 Change : 23.25 or 1.9% Dow In GOLD$ : $141.13 Change : $ (0.39) or -0.3% Dow in GOLD oz : 6.827 Change : -0.019 or -0.3% Dow in SILVER oz : 349.24 Change : 0.39 or 0.1% Dow Industrial : 12,044.47 Change : 208.43 or 1.8% US Dollar Index : 76.74 Change : -0.280 or -0.4% My plans changed because a dear friend of mine, Jim Hollingsworth, went to dance with the angels and I have to attend his funeral tomorrow. I have a day here at home, so am sending y’all this commentary. I should return Wednesday, 9 November. Besides, I want to share with y’all some observations on the last few days’ events. The GOLD PRICE today traded from $1,723.37 to $1,767.27, and closed up $35.50 near the top of the range at $1,764.20. The SILVER PRICE ranged from 3322c to 3482c. It closed on Comex up 55.9c at 3448.8c. Y’all get mad if you have to, but the market is slowly changing my mind on SILVER and the GOLD PRICE . Short term — on the 5-day chart) gold has made another upside-down head and shoulders, with a neckline about $1,725 and the bottom of the head at $1,680, Tuesday’s low. If so (and you’ll know it is NOT so if gold closes below $1,740), it will rise about $50 from the breakout at $1,740, or up to $1,790, call it $1,800. Little sister SILVER has likewise sketched an upside-down head and shoulders, with a neckline at 3460c and head/bottom at 3214c. Head depth points to a target of 3700c. Should silver fall below 3350c – 3325c, twould gainsay that outlook. Market begins to persuade me that the bottoms in SILVER and GOLD have already occurred. Not dogmatic about that yet, but am humbly trying to let the market talk instead of my own natural born fool mouth. The shadow of a divergence falls across the market as silver might very well be arguing with gold about direction. The GOLD PRICE broke out of that putative upside down head and shoulders today, while silver did not. Also the ratio rose today to 51.154, up 0.4%. Not much, but worth noticing. What would y’all think about a man who got into all sorts of trouble because he got drunk and couldn’t control himself, and then woke up one morning and said to himself, “Hey, I know how to straighten everything out! I’ll go down to the liquor store and buy a couple of bottles of whiskey.” That’s Europe with its sovereign debt (read: “bank solvency”) crisis, and the whole world with its financial system. Just about the time the eurocrats thought they had enough cards to win the game, Greece’s Papandreou pulled out the biggest trump in the deck, a plebiscite to approve the whole deal. They deal fell apart, but after sufficient arm-twisting, the deal MIGHT be put together again, if Papandreou backs off the plebiscite. To this, add the bankruptcy of MF Global, led by former Goldman Sachs VP, former New Jersey governor, John Corzine. Corzine turned up his nose at the paltry profits made by the brokerage business, and opted instead for the proprietary trading model of Goldman Sachs. Whoops, although he is a Master of the Universe, as are all Goldman Sachsites, he could not see that the Universe has changed since 2006. He got rid of those stodgy old businesses and bought up all the PIIGS’ debt he could, to wit, $6 billion. Along the way the firm went bankrupt, and it seems that zero, $600 billion, or $1.2 billion of the customer’s money was mislaid, depending on who’s counting. We know something rank was cooking, because the CME closed off all trading for MF Global accounts, except liquidations. When Refco failed a few years ago, whatever company bought out their book just transferred the accounts to their own books and life went on without a hiccup. Not so this time. MF Global’s crash raises other question: What other landmines are out there waiting for bankruptcy? So think. Now, not just the market’s course is in doubt, but the integrity of the market itself, the rule of law and that minimal stability that promises that when you buy an investment your broker won’t steal your money, and when you get ready to sell the investment, your broker — or SOME broker and SOME market — will still be alive and trading. All of which shines a spotlight on the value of government market regulation: it’s not necessary when there’s not a problem, and its no good when there is one. When people’s word no longer counts for anything, when honesty dies and all hearts lean to lawyering and larceny, financial markets cannot survive. The rule of law and markets are disappearing before predators like Corzine and Goldman Sachs. But y’all don’t worry, the US government — and governments around the world — will backstop the financial system, and the banks. Shucks, that’ll do it! Look what a good job they’ve already done with, er, uh, mmmm, I’ll come back to that. Folks, I hope y’all have a hoe, some flowerbeds, a bunch of seeds, and some gumption. Y’all are liable to need ‘em. Stocks gained 208.43 today (1.76%) after losing 2.5% two days ago. Dow closed at 12,044.47. S&P 500 rose 1.88% (23.25) to 1,261.15. This puts the Dow above its 200 day moving average (11,974) once again, but this still paints a losing picture. Dow may reach 12,400 again, but these are death throes. Stay away, it might be catching. Saw some goof (“financial adviser”) say in America’s Comic Book Newspaper, USA Today, that the only solution for this wild market is a “diversified portfolio.” Now there’s a recipe for success, like guaranteeing a winner in Russian roulette by loading up all six cylinders. If anything at all might conceivably pull a profit out of today’s stock market , it is utterly judicious stock-picking but it SURE ain’t diversification. The US DOLLAR INDEX tried to rally out over the top of its May – September trading channel again, but fell back today. Dropped 28 basis points today (0.36%) to 76.736. However, that’s a LOOOONG ways from the 74.72 bottom a few days ago, and Dollar now stands above its 50 dma (76.71). Will move higher. All this “It’s fixed — No it ain’t” coming out of Europe is making the currency markets hotter than a rogue nuclear reactor, and almost as easy to trade. Euro definitively broke last week, gapped down twice, and has traded back barely above the 20 DMA (1.3810), closing today at 1.3816, up 0.51%. Clearly the eurocrats will shoot their mother in front of a cop to keep the euro afloat. This has become a criminal enterprise. What? Did I say that? Central banking, indeed, fractional reserve banking, has ALWAYS been a criminal enterprise. Japanese Nice Government Men broke the yen last week, and so far it has stayed broken. Closed today 128.07c/Y100 (Y78.08/$1). The European crisis is destabilizing all markets, and no statesman appears with the only solution, a debt jubilee and taming the banks. That gang of ditherers will do the world more harm than a blood soaked dictator. Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don’t intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Place Your Chips on Qualcomm
What better stock to own right now than one that's positioned for organic
growth regardless of what happens in Europe? Based on its earnings report
released late Wednesday, Qualcomm (NASDAQ: QCOM ) fits the bill. The company
reported better-than-expected results on both the top and bottom lines, with
revenue rising 36% and net income jumping by about 22%. It also raised its
outlook for 2012, highlighting the most important aspect of the Qualcomm story:
The company is in one of the sweetest spots of the global economy, since it is
positioned to benefit from rising smartphone sales worldwide, the adoption of
wireless 3G technology in emerging markets, and the upgrade to next-generation
4G in the developed world. And unlike its semiconductor competitors Texas
Instruments (NYSE: TXN ) and Broadcom (NASDAQ: BRCM ), it isn't burdened by
exposure to personal computer sales. With these trends putting the wind at its
back, Qualcomm looks good on both a short- and longer-term basis. In the short
term, the company appears insulated from global economic trends. If the growth
outlook improves, Qualcomm wins because consumers have more cash available to
upgrade their mobile devices. But even if the growth outlook turns sharply
lower, Qualcomm can still come out on top, because it's positioned to benefit
from one of the most important growth themes in the global economy. There's
also the longer-term trend of mobile devices moving from being a luxury to a
staple for most consumers, which provides an additional bulwark against slower
economic growth. Not least, the company is part of the Apple (NASDAQ: AAPL ) and
Google (NASDAQ: GOOG ) ecosystems, which enables it to benefit from the
incredible demand for the iPhone 4S and the continued strength in Android-based
smartphones. These attributes can be seen in both the company's 2012 earnings
estimates – which have held steady in the past 90 days (falling from $3.53 a
share to $3.47 a share) – even as the economic outlook has deteriorated. On a
longer-term basis, Qualcomm offers some key attributes that go a long way toward
identifying a winner. A top company should be innovative, it should make
products that people can't live without, and it should have rising market
share – all of which indicate a long runway for future growth. In terms of
metrics, the ideal company should have robust free cash flow, high profit
margins, and a strong return on equity, demonstrating that it is in a position
to capitalize on the potential of this runway. Qualcomm meets these criteria in
spades. All of this is reflected in a valuation premium for QCOM shares, but it
isn't as high as you might expect given the strength in the company's
underlying business. According to Nasdaq's website, Qualcomm shares trade at
16.6x forward earnings with a price-to-earnings-to-growth ratio of 1.08. The P/E
ratio of 16.6 is about 30% higher than the broader market, but with that price
comes the lack of down-cycle risk – making it a value at a time of extremely
elevated headline risk. Still, QCOM is only modestly ahead the market for the
past three years, even though it has outperformed it by a more substantial
margin on a longer-term basis. If the company continues to deliver strong,
steady growth, we could see this gap begin to widen once again: Putting it all
together, Qualcomm belongs in the category of stocks that are "safe" to own,
due to its positive long-term story and likelihood of outperforming if bad news
knocks the broader market south once again. In a market that's flat to higher,
QCOM looks set to challenge its high just short of $60 reached in March and July
of this year. Play for a breakout (with stops) and consider this a top candidate
if the market gives us another chance to buy the dip before year-end. As of this
writing, Daniel Putnam did not own a position in any of the aforementioned
stocks.
growth regardless of what happens in Europe? Based on its earnings report
released late Wednesday, Qualcomm (NASDAQ: QCOM ) fits the bill. The company
reported better-than-expected results on both the top and bottom lines, with
revenue rising 36% and net income jumping by about 22%. It also raised its
outlook for 2012, highlighting the most important aspect of the Qualcomm story:
The company is in one of the sweetest spots of the global economy, since it is
positioned to benefit from rising smartphone sales worldwide, the adoption of
wireless 3G technology in emerging markets, and the upgrade to next-generation
4G in the developed world. And unlike its semiconductor competitors Texas
Instruments (NYSE: TXN ) and Broadcom (NASDAQ: BRCM ), it isn't burdened by
exposure to personal computer sales. With these trends putting the wind at its
back, Qualcomm looks good on both a short- and longer-term basis. In the short
term, the company appears insulated from global economic trends. If the growth
outlook improves, Qualcomm wins because consumers have more cash available to
upgrade their mobile devices. But even if the growth outlook turns sharply
lower, Qualcomm can still come out on top, because it's positioned to benefit
from one of the most important growth themes in the global economy. There's
also the longer-term trend of mobile devices moving from being a luxury to a
staple for most consumers, which provides an additional bulwark against slower
economic growth. Not least, the company is part of the Apple (NASDAQ: AAPL ) and
Google (NASDAQ: GOOG ) ecosystems, which enables it to benefit from the
incredible demand for the iPhone 4S and the continued strength in Android-based
smartphones. These attributes can be seen in both the company's 2012 earnings
estimates – which have held steady in the past 90 days (falling from $3.53 a
share to $3.47 a share) – even as the economic outlook has deteriorated. On a
longer-term basis, Qualcomm offers some key attributes that go a long way toward
identifying a winner. A top company should be innovative, it should make
products that people can't live without, and it should have rising market
share – all of which indicate a long runway for future growth. In terms of
metrics, the ideal company should have robust free cash flow, high profit
margins, and a strong return on equity, demonstrating that it is in a position
to capitalize on the potential of this runway. Qualcomm meets these criteria in
spades. All of this is reflected in a valuation premium for QCOM shares, but it
isn't as high as you might expect given the strength in the company's
underlying business. According to Nasdaq's website, Qualcomm shares trade at
16.6x forward earnings with a price-to-earnings-to-growth ratio of 1.08. The P/E
ratio of 16.6 is about 30% higher than the broader market, but with that price
comes the lack of down-cycle risk – making it a value at a time of extremely
elevated headline risk. Still, QCOM is only modestly ahead the market for the
past three years, even though it has outperformed it by a more substantial
margin on a longer-term basis. If the company continues to deliver strong,
steady growth, we could see this gap begin to widen once again: Putting it all
together, Qualcomm belongs in the category of stocks that are "safe" to own,
due to its positive long-term story and likelihood of outperforming if bad news
knocks the broader market south once again. In a market that's flat to higher,
QCOM looks set to challenge its high just short of $60 reached in March and July
of this year. Play for a breakout (with stops) and consider this a top candidate
if the market gives us another chance to buy the dip before year-end. As of this
writing, Daniel Putnam did not own a position in any of the aforementioned
stocks.
The Gold Price Today Traded To $1,767.27, and Closed Up $35.50 Near The Top At $1,764.20
Gold Price Close Today : 1764.20 Change : 35.50 or 2.1% Silver Price Close
Today : 3448.8 Change : 55.9 cents or 1.6% Gold Silver Ratio Today : 51.154
Change : 0.204 or 0.4% Silver Gold Ratio Today : 0.01955 Change : -0.000078 or
-0.4% Platinum Price Close Today : 1639.00 Change : 37.80 or 2.4% Palladium
Price Close Today : 656.60 Change : 8.55 or 1.3% S&P 500 : 1,261.15 Change :
23.25 or 1.9% Dow In GOLD$ : $141.13 Change : $ (0.39) or -0.3% Dow in GOLD oz :
6.827 Change : -0.019 or -0.3% Dow in SILVER oz : 349.24 Change : 0.39 or 0.1%
Dow Industrial : 12,044.47 Change : 208.43 or 1.8% US Dollar Index : 76.74
Change : -0.280 or -0.4% My plans changed because a dear friend of mine, Jim
Hollingsworth, went to dance with the angels and I have to attend his funeral
tomorrow. I have a day here at home, so am sending y'all this commentary. I
should return Wednesday, 9 November. Besides, I want to share with y'all some
observations on the last few days' events. The GOLD PRICE today traded from
$1,723.37 to $1,767.27, and closed up $35.50 near the top of the range at
$1,764.20. The SILVER PRICE ranged from 3322c to 3482c. It closed on Comex up
55.9c at 3448.8c. Y'all get mad if you have to, but the market is slowly
changing my mind on SILVER and the GOLD PRICE . Short term -- on the 5-day
chart) gold has made another upside-down head and shoulders, with a neckline
about $1,725 and the bottom of the head at $1,680, Tuesday's low. If so (and
you'll know it is NOT so if gold closes below $1,740), it will rise about $50
from the breakout at $1,740, or up to $1,790, call it $1,800. Little sister
SILVER has likewise sketched an upside-down head and shoulders, with a neckline
at 3460c and head/bottom at 3214c. Head depth points to a target of 3700c.
Should silver fall below 3350c - 3325c, twould gainsay that outlook. Market
begins to persuade me that the bottoms in SILVER and GOLD have already occurred.
Not dogmatic about that yet, but am humbly trying to let the market talk instead
of my own natural born fool mouth. The shadow of a divergence falls across the
market as silver might very well be arguing with gold about direction. The GOLD
PRICE broke out of that putative upside down head and shoulders today, while
silver did not. Also the ratio rose today to 51.154, up 0.4%. Not much, but
worth noticing. What would y'all think about a man who got into all sorts of
trouble because he got drunk and couldn't control himself, and then woke up one
morning and said to himself, "Hey, I know how to straighten everything out! I'll
go down to the liquor store and buy a couple of bottles of whiskey." That's
Europe with its sovereign debt (read: "bank solvency") crisis, and the whole
world with its financial system. Just about the time the eurocrats thought they
had enough cards to win the game, Greece's Papandreou pulled out the biggest
trump in the deck, a plebiscite to approve the whole deal. They deal fell apart,
but after sufficient arm-twisting, the deal MIGHT be put together again, if
Papandreou backs off the plebiscite. To this, add the bankruptcy of MF Global,
led by former Goldman Sachs VP, former New Jersey governor, John Corzine.
Corzine turned up his nose at the paltry profits made by the brokerage business,
and opted instead for the proprietary trading model of Goldman Sachs. Whoops,
although he is a Master of the Universe, as are all Goldman Sachsites, he could
not see that the Universe has changed since 2006. He got rid of those stodgy old
businesses and bought up all the PIIGS' debt he could, to wit, $6 billion. Along
the way the firm went bankrupt, and it seems that zero, $600 billion, or $1.2
billion of the customer's money was mislaid, depending on who's counting. We
know something rank was cooking, because the CME closed off all trading for MF
Global accounts, except liquidations. When Refco failed a few years ago,
whatever company bought out their book just transferred the accounts to their
own books and life went on without a hiccup. Not so this time. MF Global's crash
raises other question: What other landmines are out there waiting for
bankruptcy? So think. Now, not just the market's course is in doubt, but the
integrity of the market itself, the rule of law and that minimal stability that
promises that when you buy an investment your broker won't steal your money, and
when you get ready to sell the investment, your broker -- or SOME broker and
SOME market -- will still be alive and trading. All of which shines a spotlight
on the value of government market regulation: it's not necessary when there's
not a problem, and its no good when there is one. When people's word no longer
counts for anything, when honesty dies and all hearts lean to lawyering and
larceny, financial markets cannot survive. The rule of law and markets are
disappearing before predators like Corzine and Goldman Sachs. But y'all don't
worry, the US government -- and governments around the world -- will backstop
the financial system, and the banks. Shucks, that'll do it! Look what a good job
they've already done with, er, uh, mmmm, I'll come back to that. Folks, I hope
y'all have a hoe, some flowerbeds, a bunch of seeds, and some gumption. Y'all
are liable to need 'em. Stocks gained 208.43 today (1.76%) after losing 2.5% two
days ago. Dow closed at 12,044.47. S&P 500 rose 1.88% (23.25) to 1,261.15. This
puts the Dow above its 200 day moving average (11,974) once again, but this
still paints a losing picture. Dow may reach 12,400 again, but these are death
throes. Stay away, it might be catching. Saw some goof ("financial adviser") say
in America's Comic Book Newspaper, USA Today, that the only solution for this
wild market is a "diversified portfolio." Now there's a recipe for success, like
guaranteeing a winner in Russian roulette by loading up all six cylinders. If
anything at all might conceivably pull a profit out of today's stock market, it
is utterly judicious stock-picking but it SURE ain't diversification. The US
DOLLAR INDEX tried to rally out over the top of its May - September trading
channel again, but fell back today. Dropped 28 basis points today (0.36%) to
76.736. However, that's a LOOOONG ways from the 74.72 bottom a few days ago, and
Dollar now stands above its 50 dma (76.71). Will move higher. All this "It's
fixed -- No it ain't" coming out of Europe is making the currency markets hotter
than a rogue nuclear reactor, and almost as easy to trade. Euro definitively
broke last week, gapped down twice, and has traded back barely above the 20 DMA
(1.3810), closing today at 1.3816, up 0.51%. Clearly the eurocrats will shoot
their mother in front of a cop to keep the euro afloat. This has become a
criminal enterprise. What? Did I say that? Central banking, indeed, fractional
reserve banking, has ALWAYS been a criminal enterprise. Japanese Nice Government
Men broke the yen last week, and so far it has stayed broken. Closed today
128.07c/Y100 (Y78.08/$1). The European crisis is destabilizing all markets, and
no statesman appears with the only solution, a debt jubilee and taming the
banks. That gang of ditherers will do the world more harm than a blood soaked
dictator. Argentum et aurum comparenda sunt -- -- Gold and silver must be
bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Today : 3448.8 Change : 55.9 cents or 1.6% Gold Silver Ratio Today : 51.154
Change : 0.204 or 0.4% Silver Gold Ratio Today : 0.01955 Change : -0.000078 or
-0.4% Platinum Price Close Today : 1639.00 Change : 37.80 or 2.4% Palladium
Price Close Today : 656.60 Change : 8.55 or 1.3% S&P 500 : 1,261.15 Change :
23.25 or 1.9% Dow In GOLD$ : $141.13 Change : $ (0.39) or -0.3% Dow in GOLD oz :
6.827 Change : -0.019 or -0.3% Dow in SILVER oz : 349.24 Change : 0.39 or 0.1%
Dow Industrial : 12,044.47 Change : 208.43 or 1.8% US Dollar Index : 76.74
Change : -0.280 or -0.4% My plans changed because a dear friend of mine, Jim
Hollingsworth, went to dance with the angels and I have to attend his funeral
tomorrow. I have a day here at home, so am sending y'all this commentary. I
should return Wednesday, 9 November. Besides, I want to share with y'all some
observations on the last few days' events. The GOLD PRICE today traded from
$1,723.37 to $1,767.27, and closed up $35.50 near the top of the range at
$1,764.20. The SILVER PRICE ranged from 3322c to 3482c. It closed on Comex up
55.9c at 3448.8c. Y'all get mad if you have to, but the market is slowly
changing my mind on SILVER and the GOLD PRICE . Short term -- on the 5-day
chart) gold has made another upside-down head and shoulders, with a neckline
about $1,725 and the bottom of the head at $1,680, Tuesday's low. If so (and
you'll know it is NOT so if gold closes below $1,740), it will rise about $50
from the breakout at $1,740, or up to $1,790, call it $1,800. Little sister
SILVER has likewise sketched an upside-down head and shoulders, with a neckline
at 3460c and head/bottom at 3214c. Head depth points to a target of 3700c.
Should silver fall below 3350c - 3325c, twould gainsay that outlook. Market
begins to persuade me that the bottoms in SILVER and GOLD have already occurred.
Not dogmatic about that yet, but am humbly trying to let the market talk instead
of my own natural born fool mouth. The shadow of a divergence falls across the
market as silver might very well be arguing with gold about direction. The GOLD
PRICE broke out of that putative upside down head and shoulders today, while
silver did not. Also the ratio rose today to 51.154, up 0.4%. Not much, but
worth noticing. What would y'all think about a man who got into all sorts of
trouble because he got drunk and couldn't control himself, and then woke up one
morning and said to himself, "Hey, I know how to straighten everything out! I'll
go down to the liquor store and buy a couple of bottles of whiskey." That's
Europe with its sovereign debt (read: "bank solvency") crisis, and the whole
world with its financial system. Just about the time the eurocrats thought they
had enough cards to win the game, Greece's Papandreou pulled out the biggest
trump in the deck, a plebiscite to approve the whole deal. They deal fell apart,
but after sufficient arm-twisting, the deal MIGHT be put together again, if
Papandreou backs off the plebiscite. To this, add the bankruptcy of MF Global,
led by former Goldman Sachs VP, former New Jersey governor, John Corzine.
Corzine turned up his nose at the paltry profits made by the brokerage business,
and opted instead for the proprietary trading model of Goldman Sachs. Whoops,
although he is a Master of the Universe, as are all Goldman Sachsites, he could
not see that the Universe has changed since 2006. He got rid of those stodgy old
businesses and bought up all the PIIGS' debt he could, to wit, $6 billion. Along
the way the firm went bankrupt, and it seems that zero, $600 billion, or $1.2
billion of the customer's money was mislaid, depending on who's counting. We
know something rank was cooking, because the CME closed off all trading for MF
Global accounts, except liquidations. When Refco failed a few years ago,
whatever company bought out their book just transferred the accounts to their
own books and life went on without a hiccup. Not so this time. MF Global's crash
raises other question: What other landmines are out there waiting for
bankruptcy? So think. Now, not just the market's course is in doubt, but the
integrity of the market itself, the rule of law and that minimal stability that
promises that when you buy an investment your broker won't steal your money, and
when you get ready to sell the investment, your broker -- or SOME broker and
SOME market -- will still be alive and trading. All of which shines a spotlight
on the value of government market regulation: it's not necessary when there's
not a problem, and its no good when there is one. When people's word no longer
counts for anything, when honesty dies and all hearts lean to lawyering and
larceny, financial markets cannot survive. The rule of law and markets are
disappearing before predators like Corzine and Goldman Sachs. But y'all don't
worry, the US government -- and governments around the world -- will backstop
the financial system, and the banks. Shucks, that'll do it! Look what a good job
they've already done with, er, uh, mmmm, I'll come back to that. Folks, I hope
y'all have a hoe, some flowerbeds, a bunch of seeds, and some gumption. Y'all
are liable to need 'em. Stocks gained 208.43 today (1.76%) after losing 2.5% two
days ago. Dow closed at 12,044.47. S&P 500 rose 1.88% (23.25) to 1,261.15. This
puts the Dow above its 200 day moving average (11,974) once again, but this
still paints a losing picture. Dow may reach 12,400 again, but these are death
throes. Stay away, it might be catching. Saw some goof ("financial adviser") say
in America's Comic Book Newspaper, USA Today, that the only solution for this
wild market is a "diversified portfolio." Now there's a recipe for success, like
guaranteeing a winner in Russian roulette by loading up all six cylinders. If
anything at all might conceivably pull a profit out of today's stock market, it
is utterly judicious stock-picking but it SURE ain't diversification. The US
DOLLAR INDEX tried to rally out over the top of its May - September trading
channel again, but fell back today. Dropped 28 basis points today (0.36%) to
76.736. However, that's a LOOOONG ways from the 74.72 bottom a few days ago, and
Dollar now stands above its 50 dma (76.71). Will move higher. All this "It's
fixed -- No it ain't" coming out of Europe is making the currency markets hotter
than a rogue nuclear reactor, and almost as easy to trade. Euro definitively
broke last week, gapped down twice, and has traded back barely above the 20 DMA
(1.3810), closing today at 1.3816, up 0.51%. Clearly the eurocrats will shoot
their mother in front of a cop to keep the euro afloat. This has become a
criminal enterprise. What? Did I say that? Central banking, indeed, fractional
reserve banking, has ALWAYS been a criminal enterprise. Japanese Nice Government
Men broke the yen last week, and so far it has stayed broken. Closed today
128.07c/Y100 (Y78.08/$1). The European crisis is destabilizing all markets, and
no statesman appears with the only solution, a debt jubilee and taming the
banks. That gang of ditherers will do the world more harm than a blood soaked
dictator. Argentum et aurum comparenda sunt -- -- Gold and silver must be
bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Lending Library Gambles With Amazon’s Growing eBook Business
As rumored back in September, Amazon (NASDAQ: AMZN ) is indeed opening the very
first commercially operated eBook library . The Kindle Owners Lending Library
works a lot like Netflix (NASDAQ: NFLX ), if you replace videos with digital
editions of popular books. Subscribers to Amazon Prime, the companys premium
subscription service that also grants access to a library of streaming movies
and TV shows, as well as discounted shipping rates on physical goods, will be
able to borrow books from the library for a month at a time. According to
Amazon, the library will offer thousands of titles, including bestsellers like
Moneyball and Water for Elephants , with publishers like Scholastic (NASDAQ:
SCHL ), Bloomsbury and Simon & Schuster. The Lending Library is one more feather
in the expansive cap that is Amazon Prime. Amazons premium subscription service
is gaining new content support by the day. Disney (NYSE: DIS ) announced Monday
that it is re-upping its streaming video contract with Netflix but it also is
bringing the same ABC and Disney Channel content to Amazon Prime . While Amazon
doesnt reveal its Prime subscription figures (much like its Kindle device sales
numbers), Piper Jaffray analyst Gene Munster estimated in September that Prime
has grown from 2 million subscribers in 2009 to 5 million in 2011 . The Lending
Library should lure in existing Kindle e-reader owners to the service a boon
considering Amazons revenues increase 1.5% for every 1 million new Prime
subscribers, Munster says. With the Lending Library, though, Amazon is (no pun
intended) playing with fire. The eBook trade is a rapidly growing business, but
a young and fragile one. Total eBook sales in the United States have grown
1,300% since 2008 , with sales across the entire e-publishing industry totaling
$878 million in 2010. For Amazon, which announced in May that it sells 105
eBooks for every 100 print books , that growth is exciting but it isnt exactly
filling the company coffers with loot. Amazon pulled down $10.88 billion in
total revenues last quarter ( a disappointing quarter at that ), so the eBook
trade clearly isnt raking in a huge percentage of the companys sales. The
Lending Library could stunt Amazons eBook trade before its greatest earning
potential is met. Russ Grandinetti, Amazons vice president of Kindle content,
told Independent.ie in April that the average Kindle owner buys three times as
many books as the average Amazon customer. That average Amazon customer at the
end of 2010 was spending $60 per year on eBooks more than three-quarters of the
$79 annual subscription to Amazon Prime according to Forrester analyst James
McQuivey. Given the aforementioned rate of growth for eBook sales, it seems
Amazon could be making more than the cost of a Prime subscription with eBooks
alone especially off current Kindle owners. Why limit that opportunity by
giving away access to books that customers already have proven theyre willing to
purchase individually? Endangering its own growth is dangerous enough, but
Amazon also has to worry about how diminishing individual eBook sales will make
the Kindle store appear compared to Apple s (NASDAQ: AAPL ) iBookstore and
Barnes & Noble s (NYSE: BKS ) Nook business. If publishers see stronger
individual sales from there, they might be tempted to offer those businesses the
sort of exclusive content deals Amazon currently enjoys . For consumers, the
Lending Library is one more appealing feature of Amazon Prime. For AMZN
shareholders, it represents a risky change to a growing, promising business. As
of this writing, Anthony John Agnello did not own a position in any of the
stocks named here. Follow him on Twitter at
first commercially operated eBook library . The Kindle Owners Lending Library
works a lot like Netflix (NASDAQ: NFLX ), if you replace videos with digital
editions of popular books. Subscribers to Amazon Prime, the companys premium
subscription service that also grants access to a library of streaming movies
and TV shows, as well as discounted shipping rates on physical goods, will be
able to borrow books from the library for a month at a time. According to
Amazon, the library will offer thousands of titles, including bestsellers like
Moneyball and Water for Elephants , with publishers like Scholastic (NASDAQ:
SCHL ), Bloomsbury and Simon & Schuster. The Lending Library is one more feather
in the expansive cap that is Amazon Prime. Amazons premium subscription service
is gaining new content support by the day. Disney (NYSE: DIS ) announced Monday
that it is re-upping its streaming video contract with Netflix but it also is
bringing the same ABC and Disney Channel content to Amazon Prime . While Amazon
doesnt reveal its Prime subscription figures (much like its Kindle device sales
numbers), Piper Jaffray analyst Gene Munster estimated in September that Prime
has grown from 2 million subscribers in 2009 to 5 million in 2011 . The Lending
Library should lure in existing Kindle e-reader owners to the service a boon
considering Amazons revenues increase 1.5% for every 1 million new Prime
subscribers, Munster says. With the Lending Library, though, Amazon is (no pun
intended) playing with fire. The eBook trade is a rapidly growing business, but
a young and fragile one. Total eBook sales in the United States have grown
1,300% since 2008 , with sales across the entire e-publishing industry totaling
$878 million in 2010. For Amazon, which announced in May that it sells 105
eBooks for every 100 print books , that growth is exciting but it isnt exactly
filling the company coffers with loot. Amazon pulled down $10.88 billion in
total revenues last quarter ( a disappointing quarter at that ), so the eBook
trade clearly isnt raking in a huge percentage of the companys sales. The
Lending Library could stunt Amazons eBook trade before its greatest earning
potential is met. Russ Grandinetti, Amazons vice president of Kindle content,
told Independent.ie in April that the average Kindle owner buys three times as
many books as the average Amazon customer. That average Amazon customer at the
end of 2010 was spending $60 per year on eBooks more than three-quarters of the
$79 annual subscription to Amazon Prime according to Forrester analyst James
McQuivey. Given the aforementioned rate of growth for eBook sales, it seems
Amazon could be making more than the cost of a Prime subscription with eBooks
alone especially off current Kindle owners. Why limit that opportunity by
giving away access to books that customers already have proven theyre willing to
purchase individually? Endangering its own growth is dangerous enough, but
Amazon also has to worry about how diminishing individual eBook sales will make
the Kindle store appear compared to Apple s (NASDAQ: AAPL ) iBookstore and
Barnes & Noble s (NYSE: BKS ) Nook business. If publishers see stronger
individual sales from there, they might be tempted to offer those businesses the
sort of exclusive content deals Amazon currently enjoys . For consumers, the
Lending Library is one more appealing feature of Amazon Prime. For AMZN
shareholders, it represents a risky change to a growing, promising business. As
of this writing, Anthony John Agnello did not own a position in any of the
stocks named here. Follow him on Twitter at
Who Needs Dividends? Get More Monthly Income with Naked Puts
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace I recently wrote an article describing how you can generate regular monthly income by selling covered calls on shares of stock that you already own. Today I’m going to describe a very similar options strategy, one that also allows you generate monthly income, this time on stocks that you don’t own. Selling naked puts may sound like something you’d find in the red-light district of New Orleans. But rest assured, this is a time-tested options trading strategy that can provide tidy chunks of income if you target your choices carefully. Put Some Instant Cash in Your Account Today When you sell a put, you are selling the right for another investor to “put” shares of a chosen stock to you at a given price on a given date. In other words, you will be forced to buy that stock. So if I sell a Citigroup (NYSE: C ) Dec 30 Put for $2.70, then I am giving another investor the right to sell me his Citigroup stock — which I am obligated to buy — at $30 per share on or before December’s options expiration date. In exchange, I receive $270 (less commissions). If Citigroup closes above $30 on that date, then not only do I not have to buy the stock, but I get to keep that $270 premium. If it closes below $30, I will have those 100 shares of Citigroup stock “put” to me at $30. Thus, I'd better have $3,000 in my account in order to purchase those shares. (When you're selling puts, your broker won't let you make the trade if you aren't financially able to take delivery of the shares, should that be the outcome of your trade.) However, since I received that $270 premium, if Citigroup should close above $27.30, then I'd still come out ahead. If I do not own any shares of Citigroup at the time I sell the puts, this is called a naked put . It's different than a naked call, which can result in unlimited losses if the trade goes awry. With a naked put, the most you have at risk is what it would cost if you were "put" the shares, which you know at the time you initiate the trade. Now that you know the "worst" that can happen with this strategy, let's take a look at how to make – and keep – money by selling puts. How to be a Successful Put Seller Here’s how I’ve generated monthly income off of naked puts, and have almost never had any stock put to me. First, I choose a stock that I wouldn’t mind owning anyway. Maybe I already have a position, and I’m thinking of adding to it, but I also don't think the shares are going to take off anytime soon. Perhaps we’re between quarterly earnings reports, and I don’t expect much news until the next report comes around. For example, I like First Cash Financial Services ( NASDAQ : FCFS ), which is trading at $41. I wouldn’t mind owning 200 shares, but $41 is a little pricey for me. So I see that the Dec 40 Puts are trading at $2.39. Now that is a mighty fine premium. I like to generate about 2.5% monthly on option trades, and this one is worth almost 6% for just under two months. Then, I will sell two FCFS Dec 40 Puts for $2.39 (to represent 200 shares), and net about $471 after commissions. If First Cash closes above $42.39 on December expiration, I’ll be a little bummed that I didn’t maximize my return by simply buying the stock. If it closes between $40 and $42.39, I come out ahead and still may buy the stock. If it closes under $40 but above $37.61, then the stock has been put to me and I got it at what I consider a bargain price. And if it closes even lower than that, I’m still happy to have the stock, and now I can cost-average down and buy more if I wish. Profit from Juicy Put Option Premiums Another stock with juicy put premiums that I’ve been following for most of the year is J.C. Penney (NYSE: JCP ), which has been extremely volatile, but which I consider a bargain below $32. In times of extreme volatility, I’ll sell puts several dollars apart to give me a lot of income, and possibly pick up a few shares at any number of attractive prices. The same rules apply here as they do to covered calls, as I wrote in my earlier article. Pick a stock you know well and have tracked, have a return target and sell in bulk, and pick stocks that aren’t too volatile especially near earnings. Lawrence Meyers presently holds naked Dec 40 Put positions in First Cash.
Pharma, Fashion Fallout — Thursday’s IP Market Recap
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace While drugs and fashion normally just act as the two biggest driving party factors in New York City twice a year, on Thursday, they were the cornerstones for two massive stock selloffs. Seattle-based biotechnology company Dendreon ( NASDAQ : DNDN ), maker of the prostate cancer treatment Provenge, was hacked by almost 40% Thursday after reporting a third-quarter revenue loss of $147.1 million, or $1 per share, almost doubly worse than a year ago. Guidance further soured investors, with the company reporting that while sales were up 5.6% in October from a month ago, November's sales would be less than October's. The company, hoping to stem the tide from its big-ticket drug Provenge to Johnson & Johnson 's (NYSE: JNJ ) less expensive prostate medicine Zytiga, is turning to patients by expanding consumer advertising . DNDN stock, which started Thursday trading above $10, bottomed out at $6.47 before finishing the day at $6.55. Meanwhile, fashion retailer Abercrombie & Fitch (NYSE: ANF ) dished out some bad news of its own, reporting same-store sales at its flagship stores in Europe, Canada and Japan were on the decline for the third quarter, causing Janney Montgomery Scott to downgrade Abercrombie to "neutral" from "buy" and sending ANF stock spiraling down about 20%. Abercrombie's revenue at all stores open at least a year actually was up 7% , higher than FactSet analysts' estimate of 6.3%, but the poor international showing dampened the news. ANF stock finished Thursday at $59.26, down from just more than $70, while rival American Eagle (NYSE: AEO ) finished the day up almost 7% at $14.03. Three Up Estee Lauder (NYSE: EL ): Up 18% ($18.15) to $118.98. Alpha Natural Resources (NYSE: ANR ): Up 13.29% ($3.18) to $27.11. Green Mountain Coffee Roasters ( NASDAQ : GMCR ): Up 8.48% ($5.23) to $66.90. Three Down Transocean (NYSE: RIG ): Down 12.48% ($6.69) to $49.00. Kellogg Co. (NYSE: K ): Down 7.64% ($4.13) to $49.91. MGM Resorts International (NYSE: MGM ): Down 5.79% (66 cents) to $10.73. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks. Check out recaps from previous trading days here .
Medivation Shares Shoot Up on News of Prostate Cancer Treatment Results
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace The encouraging results Medivation ( NASDAQ : MDVN ) reported for its late-stage prostate cancer treatment was great news for company investors, as shares of the San Francisco-based biotechnology shot up nearly 140% Thursday. However, the pronouncement only further soured the already grim mood at rival Dendreon ( NASDAQ : DNDN ), which markets the once high-flying prostate medication Provenge. Executives at the Seattle-based company must be asking themselves "What's next?" On Wednesday, they saw the company's stock pummeled in after-hours trading after forecasting November sales for Provenge would be lower than October's. Their shares continued to be battered Thursday following the Medivation announcement, hitting a 52-week low closing of $6.55. The Medivation compound, known as MDV3100, might even have some advantages over the recently approved Johnson & Johnson (NYSE: JNJ ) prostate cancer drug, Zytiga. In the study, patients on MDV3100 enjoyed a survival rate similar to the 3.9 months that Zytiga needed to gain FDA approval. However, unlike J&J’s drug, the Medivation treatment doesn’t require the patient to also take prednisone — a steroid hormone linked to high blood pressure, weight gain, pain, depression and weakness. “Prednisone degrades the quality of life, which is very important to this patient population,” Wedbush Securities analyst David Nierengarten said in a Reuters article . Medivation, which is developing MDV3100 with Japanese partner Astellas Pharma Inc., plans to sit down with the FDA in a pre-New Drug Application meeting early next year. When approved, most likely in early 2013, the Medivation pill could become the favored treatment in a new generation of prostate cancer medicines, surpassing Zytiga, also taken orally, and Provenge, which is infused. “When (MDV3100) is on the market it will displace Zytiga,”
Gold, Silver Futures Settle Sharply Higher
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver futures posted substantial gains on Thursday amid a broad-based rally on Wall Street. COMEX gold for December 2011 delivery settled higher by $35.50, or 2.1%, at $1,765.10 per ounce.
Google Inc. (NASDAQ:GOOG) To Boost New Market SMBs
Google Inc. (NASDAQ:GOOG) has launched "India, Get Your Business Online" to
help Indian SMBs. Google Inc. (NASDAQ:GOOG) To Boost New Market SMBs Google Inc.
(NASDAQ:GOOG) has launched a new initiative in India to help small and medium
sized businesses to start their own websites to promote their business.
"India, Get Your Business Online" will help about 500,000 SMBs to set up
their own online space in three years. Google Inc. (NASDAQ:GOOG) India managing
director Rajan Anandan said, "The initiative aims to break the barriers that
stop small businesses from going online by offering quick, easy and free tools
to set up and host a website". Google Inc. (NASDAQ:GOOG) shares are currently
standing at 584.82. Price History Last Price: 584.82 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 546.53 6 Month Price Change %: 9.2% 12 Month
Price Change %: -5.0%
help Indian SMBs. Google Inc. (NASDAQ:GOOG) To Boost New Market SMBs Google Inc.
(NASDAQ:GOOG) has launched a new initiative in India to help small and medium
sized businesses to start their own websites to promote their business.
"India, Get Your Business Online" will help about 500,000 SMBs to set up
their own online space in three years. Google Inc. (NASDAQ:GOOG) India managing
director Rajan Anandan said, "The initiative aims to break the barriers that
stop small businesses from going online by offering quick, easy and free tools
to set up and host a website". Google Inc. (NASDAQ:GOOG) shares are currently
standing at 584.82. Price History Last Price: 584.82 52 Week Low / High: 473.02
/ 642.96 50 Day Moving Average: 546.53 6 Month Price Change %: 9.2% 12 Month
Price Change %: -5.0%
Gold, Silver Futures Settle Sharply Higher
Gold and silver futures posted substantial gains on Thursday amid a broad-based
rally on Wall Street. COMEX gold for December 2011 delivery settled higher by
$35.50, or 2.1%, at $1,765.10 per ounce.
rally on Wall Street. COMEX gold for December 2011 delivery settled higher by
$35.50, or 2.1%, at $1,765.10 per ounce.
Google Inc. (NASDAQ:GOOG) iPhone App Pulled From Store
Google Inc. (NASDAQ:GOOG) has pulled its new Gmail app for Apple products after
a wide range of bug reports from users. Google Inc. (NASDAQ:GOOG) iPhone App
Pulled From Store After Google Inc. (NASDAQ:GOOG) released a new Gmail app for
iPhone, iPad and iPod yesterday, the company pulled the app within hours after
reports from users that it caused error messages. The company is fixing various
bugs with the software and it will release a new version soon. Google Inc.
(NASDAQ:GOOG) said in a blog post, "Unfortunately, it contained a bug which
broke notifications and caused users to see an error message when first opening
the app. We've removed the app while we correct the problem. Users who already
have installed the app can continue using it". Google Inc. (NASDAQ:GOOG)
stocks were at 584.82 at the end of the last days trading. Theres been a -2.7%
movement 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
a wide range of bug reports from users. Google Inc. (NASDAQ:GOOG) iPhone App
Pulled From Store After Google Inc. (NASDAQ:GOOG) released a new Gmail app for
iPhone, iPad and iPod yesterday, the company pulled the app within hours after
reports from users that it caused error messages. The company is fixing various
bugs with the software and it will release a new version soon. Google Inc.
(NASDAQ:GOOG) said in a blog post, "Unfortunately, it contained a bug which
broke notifications and caused users to see an error message when first opening
the app. We've removed the app while we correct the problem. Users who already
have installed the app can continue using it". Google Inc. (NASDAQ:GOOG)
stocks were at 584.82 at the end of the last days trading. Theres been a -2.7%
movement 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
Medivation Shares Shoot Up on News of Prostate Cancer Treatment Results
The encouraging results Medivation (NASDAQ: MDVN ) reported for its late-stage
prostate cancer treatment was great news for company investors, as shares of the
San Francisco-based biotechnology shot up nearly 140% Thursday. However, the
pronouncement only further soured the already grim mood at rival Dendreon
(NASDAQ: DNDN ), which markets the once high-flying prostate medication
Provenge. Executives at the Seattle-based company must be asking themselves
"What's next?" On Wednesday, they saw the company's stock pummeled in
after-hours trading after forecasting November sales for Provenge would be lower
than October's. Their shares continued to be battered Thursday following the
Medivation announcement, hitting a 52-week low closing of $6.55. The Medivation
compound, known as MDV3100, might even have some advantages over the recently
approved Johnson & Johnson (NYSE: JNJ ) prostate cancer drug, Zytiga. In the
study, patients on MDV3100 enjoyed a survival rate similar to the 3.9 months
that Zytiga needed to gain FDA approval. However, unlike J&Js drug, the
Medivation treatment doesnt require the patient to also take prednisone a
steroid hormone linked to high blood pressure, weight gain, pain, depression and
weakness. Prednisone degrades the quality of life, which is very important to
this patient population, Wedbush Securities analyst David Nierengarten said in a
Reuters article . Medivation, which is developing MDV3100 with Japanese partner
Astellas Pharma Inc., plans to sit down with the FDA in a pre-New Drug
Application meeting early next year. When approved, most likely in early 2013,
the Medivation pill could become the favored treatment in a new generation of
prostate cancer medicines, surpassing Zytiga, also taken orally, and Provenge,
which is infused. When (MDV3100) is on the market it will displace Zytiga,
prostate cancer treatment was great news for company investors, as shares of the
San Francisco-based biotechnology shot up nearly 140% Thursday. However, the
pronouncement only further soured the already grim mood at rival Dendreon
(NASDAQ: DNDN ), which markets the once high-flying prostate medication
Provenge. Executives at the Seattle-based company must be asking themselves
"What's next?" On Wednesday, they saw the company's stock pummeled in
after-hours trading after forecasting November sales for Provenge would be lower
than October's. Their shares continued to be battered Thursday following the
Medivation announcement, hitting a 52-week low closing of $6.55. The Medivation
compound, known as MDV3100, might even have some advantages over the recently
approved Johnson & Johnson (NYSE: JNJ ) prostate cancer drug, Zytiga. In the
study, patients on MDV3100 enjoyed a survival rate similar to the 3.9 months
that Zytiga needed to gain FDA approval. However, unlike J&Js drug, the
Medivation treatment doesnt require the patient to also take prednisone a
steroid hormone linked to high blood pressure, weight gain, pain, depression and
weakness. Prednisone degrades the quality of life, which is very important to
this patient population, Wedbush Securities analyst David Nierengarten said in a
Reuters article . Medivation, which is developing MDV3100 with Japanese partner
Astellas Pharma Inc., plans to sit down with the FDA in a pre-New Drug
Application meeting early next year. When approved, most likely in early 2013,
the Medivation pill could become the favored treatment in a new generation of
prostate cancer medicines, surpassing Zytiga, also taken orally, and Provenge,
which is infused. When (MDV3100) is on the market it will displace Zytiga,
Pharma, Fashion Fallout — Thursday’s IP Market Recap
While drugs and fashion normally just act as the two biggest driving party
factors in New York City twice a year, on Thursday, they were the cornerstones
for two massive stock selloffs. Seattle-based biotechnology company Dendreon
(NASDAQ: DNDN ), maker of the prostate cancer treatment Provenge, was hacked by
almost 40% Thursday after reporting a third-quarter revenue loss of $147.1
million, or $1 per share, almost doubly worse than a year ago. Guidance further
soured investors, with the company reporting that while sales were up 5.6% in
October from a month ago, November's sales would be less than October's. The
company, hoping to stem the tide from its big-ticket drug Provenge to Johnson &
Johnson 's (NYSE: JNJ ) less expensive prostate medicine Zytiga, is turning to
patients by expanding consumer advertising . DNDN stock, which started Thursday
trading above $10, bottomed out at $6.47 before finishing the day at $6.55.
Meanwhile, fashion retailer Abercrombie & Fitch (NYSE: ANF ) dished out some bad
news of its own, reporting same-store sales at its flagship stores in Europe,
Canada and Japan were on the decline for the third quarter, causing Janney
Montgomery Scott to downgrade Abercrombie to "neutral" from "buy" and
sending ANF stock spiraling down about 20%. Abercrombie's revenue at all
stores open at least a year actually was up 7% , higher than FactSet analysts'
estimate of 6.3%, but the poor international showing dampened the news. ANF
stock finished Thursday at $59.26, down from just more than $70, while rival
American Eagle (NYSE: AEO ) finished the day up almost 7% at $14.03. Three Up
Estee Lauder (NYSE: EL ): Up 18% ($18.15) to $118.98. Alpha Natural Resources
(NYSE: ANR ): Up 13.29% ($3.18) to $27.11. Green Mountain Coffee Roasters
(NASDAQ: GMCR ): Up 8.48% ($5.23) to $66.90. Three Down Transocean (NYSE: RIG ):
Down 12.48% ($6.69) to $49.00. Kellogg Co. (NYSE: K ): Down 7.64% ($4.13) to
$49.91. MGM Resorts International (NYSE: MGM ): Down 5.79% (66 cents) to $10.73.
As of this writing, Kyle Woodley did not own a position in any of the
aforementioned stocks. Check out recaps from previous trading days here .
factors in New York City twice a year, on Thursday, they were the cornerstones
for two massive stock selloffs. Seattle-based biotechnology company Dendreon
(NASDAQ: DNDN ), maker of the prostate cancer treatment Provenge, was hacked by
almost 40% Thursday after reporting a third-quarter revenue loss of $147.1
million, or $1 per share, almost doubly worse than a year ago. Guidance further
soured investors, with the company reporting that while sales were up 5.6% in
October from a month ago, November's sales would be less than October's. The
company, hoping to stem the tide from its big-ticket drug Provenge to Johnson &
Johnson 's (NYSE: JNJ ) less expensive prostate medicine Zytiga, is turning to
patients by expanding consumer advertising . DNDN stock, which started Thursday
trading above $10, bottomed out at $6.47 before finishing the day at $6.55.
Meanwhile, fashion retailer Abercrombie & Fitch (NYSE: ANF ) dished out some bad
news of its own, reporting same-store sales at its flagship stores in Europe,
Canada and Japan were on the decline for the third quarter, causing Janney
Montgomery Scott to downgrade Abercrombie to "neutral" from "buy" and
sending ANF stock spiraling down about 20%. Abercrombie's revenue at all
stores open at least a year actually was up 7% , higher than FactSet analysts'
estimate of 6.3%, but the poor international showing dampened the news. ANF
stock finished Thursday at $59.26, down from just more than $70, while rival
American Eagle (NYSE: AEO ) finished the day up almost 7% at $14.03. Three Up
Estee Lauder (NYSE: EL ): Up 18% ($18.15) to $118.98. Alpha Natural Resources
(NYSE: ANR ): Up 13.29% ($3.18) to $27.11. Green Mountain Coffee Roasters
(NASDAQ: GMCR ): Up 8.48% ($5.23) to $66.90. Three Down Transocean (NYSE: RIG ):
Down 12.48% ($6.69) to $49.00. Kellogg Co. (NYSE: K ): Down 7.64% ($4.13) to
$49.91. MGM Resorts International (NYSE: MGM ): Down 5.79% (66 cents) to $10.73.
As of this writing, Kyle Woodley did not own a position in any of the
aforementioned stocks. Check out recaps from previous trading days here .
Thursday Apple Rumors — Apple Fighting Off Porn Sites
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Here are your Apple rumors and AAPL stock news items for Thursday: Apple Fights the iPhone Porn Forces: It’s not good for public relations when the domain for your hot new product leads to a pornographic website. It’s a problem Apple ( NASDAQ : AAPL ) knows all too well. Domain Name Wire (via Mac Rumors ) reported Thursday that Apple has filed a complaint under ICANN’s Uniform Domain-Name Dispute-Resolution Policy. The complaint is over a series of domain names for websites selling iPhone-formatted pornography. One of the domains in question is iPhone4s.com, named after the latest model of iPhone. Nielsen Names Apple Leading U.S. Smartphone Maker: While Samsung (PINK: SSNLF ) has taken the lead on the world stage , Apple still is the leading smartphone manufacturer at home according to a new report from Nielsen (via Apple Insider ). The research group’s report on the U.S. smartphone market in October found that Apple retained a 28% share of the smartphone market — a majority share among manufacturers. Google ( NASDAQ : GOOG ) Android phones accounted for 43% of smartphones sold in October, but no single Android manufacturer beat out Apple’s sales. Research In Motion ‘s ( NASDAQ : RIMM ) BlackBerry phones accounted for 18% of smartphones sold. Smartphones now account for 43% of the total mobile phone market in the U.S., with feature phones comprising the remaining 57%. 2012 Brings Overhauled iPhone, iMac, iPad and MacBook Air: A Wednesday report posted by Digitimes (via 9 to 5 Mac ) said consumers who held off on getting Apple’s latest and greatest gear in 2011 will be richly rewarded come next year. Sources within Apple’s supply chain have indicated that the previously rumored iPad 3 won’t be the only device in Apple’s stable to see a major redesign. The iPhone and both the desktop and laptop models in Apple’s Mac line will see significant changes in design. The next iPhone — likely the iPhone 5 — will sport a teardrop shape rather than the familiar rectangle. The iMac and MacBook Air redesigns still are unspecified, though. A 15-inch MacBook Air, however, likely will be added to the product line. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Who Is The King Of Telecom Stocks – S, T or VZ?
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Communication. It really does make the world go round. Of course today, staying connected isn’t just about face-to-face interaction. Now, keeping in touch, conducting business, learning the latest news and a thousand other activities are accomplished through telecommunications. The industry has become a linchpin for modern society. From telephones and television to the Internet and wireless mobility, telecommunications is the driving force behind some of our most routine daily tasks, and since several of the industry’s top players have just reported earnings, now is the perfect time to examine and reevaluate how telecommunication companies are performing in the current market environment. Telecom isn’t simply about providing home and business phone service anymore. The ever evolving wireless revolution has turned the telecommunications field into a cutthroat arena. Expanding technology forces companies to stay sharp and makes the battle to be Number 1 all the more ruthless. A Big Three Throwdown It’s nearly impossible to turn on the TV, read the newspaper or listen to the radio without seeing or hearing an advertisement for the latest cell phone or enhanced Internet service. We are all, to some extent, wrapped up in this mobile age. Everything must be wireless, fit in the palm of your hand and be accessible by a few swipes of your fingertip. If nothing else, telecommunication companies know how to market and make consumers want their services. But is that want translating into profits?
Gold, Miners Gain as Greece Scraps Debt Deal Referendum
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace U.S. economic data that on the whole was positive supported gold , stocks and commodities Thursday, but it was word that Greece’s leaders would scrap a national referendum on the latest euro zone debt resolution plan that buoyed investors. U.S. jobless claims for last week fell below the key 400,000 mark, while the four-week moving average came in at 404,500. The October employment report is due out Friday. Activity in the U.S. service sector fell to its lowest level in three months in October, but new factory orders rose unexpectedly, according the ISM report on manufacturing and services. Spot gold was showing gains of more than 1.25% as of 11:20 a.m., having hit a high of $1,767.80 per ounce and a low of $1,745.50 Thursday morning. Spot gold was bid at $1,759.50 with an ask price of $1,760.50. The p.m. reference price was fixed at $1,758, according to Kitco market data . Spot silver was slightly weaker, down around 0.1% and trading at $34.24 Bid, $34.34 Ask. The morning high as of time of writing was $35 per ounce, and the low was $33.75. Thursday’s reference price was set at $34.72 in the London a.m. Gold trusts were showing healthy gains, and the iShares Silver Trust (NYSE: SLV ) also was higher. The SPDR Gold Trust (NYSE: GLD ) was around 1.1% higher. The iShares Gold Trust (NYSE: IAU ) was around 1.1% higher. The iShares Silver Trust was up about 0.25%. Gold and silver mining ETFs were moving up sharply. The Market Vectors Gold Miners ETF (NYSE: GDX ) was some 1.8% higher. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up nearly 1.6%. The Global X Silver Miners ETF (NYSE: SIL ) was around 2.35% higher. Shares of gold miners also were putting up morning gains. Agnico-Eagle Mines (USA) (NYSE: AEM ) was 1.8% higher. Barrick Gold Corp. (NYSE: ABX ) was around 1.6% higher. Goldcorp (NYSE: GG ) was up about 0.8%. Newmont Mining Corp. (NYSE: NEM ) was up more than 2%. NovaGold Resources (USA) (AMEX: NG ) was up more than 0.8%. Silver miners’ shares also were recovering nicely. Coeur D’Alene Mines Corp. (NYSE: CDE ) was more than 3% higher. Hecla Mining (NYSE: HL ) was up between 3.4% and 3.6%. Pan American Silver Corp. (USA) ( NASDAQ : PAAS ) was up nearly 1%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was more than 1% higher. Silver Standard Resources Inc. (USA) ( NASDAQ : SSRI ) was some 2.4% higher. As of this writing, Andrew Burger did not own a position in any of the aforementioned stocks.
A Strategy Is Needed For Lagging Gold Stocks
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea A Strategy Is Needed For Lagging Gold Stocks Seeking Alpha – 1 hour ago For gold stock investors, a timing strategy is the most effective way to match or beat the coming metal price increase. Among our caveats, we're excluding junior and exploration mining companies …
Thursday Apple Rumors — Apple Fighting Off Porn Sites
Here are your Apple rumors and AAPL stock news items for Thursday: Apple Fights
the iPhone Porn Forces: Its not good for public relations when the domain for
your hot new product leads to a pornographic website. Its a problem Apple
(NASDAQ: AAPL ) knows all too well. Domain Name Wire (via Mac Rumors ) reported
Thursday that Apple has filed a complaint under ICANNs Uniform Domain-Name
Dispute-Resolution Policy. The complaint is over a series of domain names for
websites selling iPhone-formatted pornography. One of the domains in question is
iPhone4s.com, named after the latest model of iPhone. Nielsen Names Apple
Leading U.S. Smartphone Maker: While Samsung (PINK: SSNLF ) has taken the lead
on the world stage , Apple still is the leading smartphone manufacturer at home
according to a new report from Nielsen (via Apple Insider ). The research groups
report on the U.S. smartphone market in October found that Apple retained a 28%
share of the smartphone market a majority share among manufacturers. Google
(NASDAQ: GOOG ) Android phones accounted for 43% of smartphones sold in October,
but no single Android manufacturer beat out Apples sales. Research In Motion s
(NASDAQ: RIMM ) BlackBerry phones accounted for 18% of smartphones sold.
Smartphones now account for 43% of the total mobile phone market in the U.S.,
with feature phones comprising the remaining 57%. 2012 Brings Overhauled iPhone,
iMac, iPad and MacBook Air: A Wednesday report posted by Digitimes (via 9 to 5
Mac ) said consumers who held off on getting Apples latest and greatest gear in
2011 will be richly rewarded come next year. Sources within Apples supply chain
have indicated that the previously rumored iPad 3 wont be the only device in
Apples stable to see a major redesign. The iPhone and both the desktop and
laptop models in Apples Mac line will see significant changes in design. The
next iPhone likely the iPhone 5 will sport a teardrop shape rather than the
familiar rectangle. The iMac and MacBook Air redesigns still are unspecified,
though. A 15-inch MacBook Air, however, likely will be added to the product
line. As of this writing, Anthony John Agnello did not own a position in any of
the stocks named here. Follow him on Twitter at
the iPhone Porn Forces: Its not good for public relations when the domain for
your hot new product leads to a pornographic website. Its a problem Apple
(NASDAQ: AAPL ) knows all too well. Domain Name Wire (via Mac Rumors ) reported
Thursday that Apple has filed a complaint under ICANNs Uniform Domain-Name
Dispute-Resolution Policy. The complaint is over a series of domain names for
websites selling iPhone-formatted pornography. One of the domains in question is
iPhone4s.com, named after the latest model of iPhone. Nielsen Names Apple
Leading U.S. Smartphone Maker: While Samsung (PINK: SSNLF ) has taken the lead
on the world stage , Apple still is the leading smartphone manufacturer at home
according to a new report from Nielsen (via Apple Insider ). The research groups
report on the U.S. smartphone market in October found that Apple retained a 28%
share of the smartphone market a majority share among manufacturers. Google
(NASDAQ: GOOG ) Android phones accounted for 43% of smartphones sold in October,
but no single Android manufacturer beat out Apples sales. Research In Motion s
(NASDAQ: RIMM ) BlackBerry phones accounted for 18% of smartphones sold.
Smartphones now account for 43% of the total mobile phone market in the U.S.,
with feature phones comprising the remaining 57%. 2012 Brings Overhauled iPhone,
iMac, iPad and MacBook Air: A Wednesday report posted by Digitimes (via 9 to 5
Mac ) said consumers who held off on getting Apples latest and greatest gear in
2011 will be richly rewarded come next year. Sources within Apples supply chain
have indicated that the previously rumored iPad 3 wont be the only device in
Apples stable to see a major redesign. The iPhone and both the desktop and
laptop models in Apples Mac line will see significant changes in design. The
next iPhone likely the iPhone 5 will sport a teardrop shape rather than the
familiar rectangle. The iMac and MacBook Air redesigns still are unspecified,
though. A 15-inch MacBook Air, however, likely will be added to the product
line. As of this writing, Anthony John Agnello did not own a position in any of
the stocks named here. Follow him on Twitter at
Microsoft Corporation (NASDAQ:MSFT) Best Place To Work…In The World?
Microsoft Corporation (NASDAQ:MSFT) has been named the Worlds Best Place to
Work. Microsoft Corporation (NASDAQ:MSFT) Best Place To WorkIn The World?
Microsoft Corporation (NASDAQ:MSFT) has been involved in a number of battles
lately, over search, patents and security to name just a few, so its nice that
today they have some more positive news. The software company has topped the
list of Worlds Best Multinational Workplaces prepared by the Great Place to Work
Institute, a global research, training and consulting firm. According to José
Tolovi Jr., global CEO of Great Place to Work, the rankings are based on data
from surveys taken by more than 2.5 million employees and workplace cultural
analytics. Lisa Brummel, Microsoft Corporation (NASDAQ:MSFT)s chief people
officer, said that, "Microsoft Corporation (NASDAQ:MSFT) is thrilled that
Microsoft Corporation (NASDAQ:MSFT)'s commitment to innovation and our passion
for how technology can transform people's lives is recognized around the
globe. Microsoft is a great place to work not only because of what Microsoft
Corporation (NASDAQ:MSFT) does, but because of the quality of the company
culture that our employees have collectively created". Microsoft Corp.
(NASDAQ:MSFT) stocks are currently standing at 26.01. Price History Last Price:
26.01 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.2 6 Month
Price Change %: 0.7% 12 Month Price Change %: -3.6%
Work. Microsoft Corporation (NASDAQ:MSFT) Best Place To WorkIn The World?
Microsoft Corporation (NASDAQ:MSFT) has been involved in a number of battles
lately, over search, patents and security to name just a few, so its nice that
today they have some more positive news. The software company has topped the
list of Worlds Best Multinational Workplaces prepared by the Great Place to Work
Institute, a global research, training and consulting firm. According to José
Tolovi Jr., global CEO of Great Place to Work, the rankings are based on data
from surveys taken by more than 2.5 million employees and workplace cultural
analytics. Lisa Brummel, Microsoft Corporation (NASDAQ:MSFT)s chief people
officer, said that, "Microsoft Corporation (NASDAQ:MSFT) is thrilled that
Microsoft Corporation (NASDAQ:MSFT)'s commitment to innovation and our passion
for how technology can transform people's lives is recognized around the
globe. Microsoft is a great place to work not only because of what Microsoft
Corporation (NASDAQ:MSFT) does, but because of the quality of the company
culture that our employees have collectively created". Microsoft Corp.
(NASDAQ:MSFT) stocks are currently standing at 26.01. Price History Last Price:
26.01 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.2 6 Month
Price Change %: 0.7% 12 Month Price Change %: -3.6%
Gold Price Turns Higher as ECB Unexpectedly Cuts Rates
GOLD PRICE NEWS – The gold price rallied $19.27 to $1,757.79 per ounce
Thursday morning after the European Central Bank (ECB) unexpectedly cut its
benchmark interest rate by 25 basis points to 1.25%.
Thursday morning after the European Central Bank (ECB) unexpectedly cut its
benchmark interest rate by 25 basis points to 1.25%.
Gold, Miners Gain as Greece Scraps Debt Deal Referendum
U.S. economic data that on the whole was positive supported gold, stocks and
commodities Thursday, but it was word that Greeces leaders would scrap a
national referendum on the latest euro zone debt resolution plan that buoyed
investors. U.S. jobless claims for last week fell below the key 400,000 mark,
while the four-week moving average came in at 404,500. The October employment
report is due out Friday. Activity in the U.S. service sector fell to its lowest
level in three months in October, but new factory orders rose unexpectedly,
according the ISM report on manufacturing and services. Spot gold was showing
gains of more than 1.25% as of 11:20 a.m., having hit a high of $1,767.80 per
ounce and a low of $1,745.50 Thursday morning. Spot gold was bid at $1,759.50
with an ask price of $1,760.50. The p.m. reference price was fixed at $1,758,
according to Kitco market data . Spot silver was slightly weaker, down around
0.1% and trading at $34.24 Bid, $34.34 Ask. The morning high as of time of
writing was $35 per ounce, and the low was $33.75. Thursdays reference price was
set at $34.72 in the London a.m. Gold trusts were showing healthy gains, and the
iShares Silver Trust (NYSE: SLV ) also was higher. The SPDR Gold Trust (NYSE:
GLD ) was around 1.1% higher. The iShares Gold Trust (NYSE: IAU ) was around
1.1% higher. The iShares Silver Trust was up about 0.25%. Gold and silver mining
ETFs were moving up sharply. The Market Vectors Gold Miners ETF (NYSE: GDX ) was
some 1.8% higher. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up
nearly 1.6%. The Global X Silver Miners ETF (NYSE: SIL ) was around 2.35%
higher. Shares of gold miners also were putting up morning gains. Agnico-Eagle
Mines (USA) (NYSE: AEM ) was 1.8% higher. Barrick Gold Corp. (NYSE: ABX ) was
around 1.6% higher. Goldcorp (NYSE: GG ) was up about 0.8%. Newmont Mining Corp.
(NYSE: NEM ) was up more than 2%. NovaGold Resources (USA) (AMEX: NG ) was up
more than 0.8%. Silver miners shares also were recovering nicely. Coeur DAlene
Mines Corp. (NYSE: CDE ) was more than 3% higher. Hecla Mining (NYSE: HL ) was
up between 3.4% and 3.6%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was up
nearly 1%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was more than 1% higher.
Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was some 2.4% higher. As of
this writing, Andrew Burger did not own a position in any of the aforementioned
stocks.
commodities Thursday, but it was word that Greeces leaders would scrap a
national referendum on the latest euro zone debt resolution plan that buoyed
investors. U.S. jobless claims for last week fell below the key 400,000 mark,
while the four-week moving average came in at 404,500. The October employment
report is due out Friday. Activity in the U.S. service sector fell to its lowest
level in three months in October, but new factory orders rose unexpectedly,
according the ISM report on manufacturing and services. Spot gold was showing
gains of more than 1.25% as of 11:20 a.m., having hit a high of $1,767.80 per
ounce and a low of $1,745.50 Thursday morning. Spot gold was bid at $1,759.50
with an ask price of $1,760.50. The p.m. reference price was fixed at $1,758,
according to Kitco market data . Spot silver was slightly weaker, down around
0.1% and trading at $34.24 Bid, $34.34 Ask. The morning high as of time of
writing was $35 per ounce, and the low was $33.75. Thursdays reference price was
set at $34.72 in the London a.m. Gold trusts were showing healthy gains, and the
iShares Silver Trust (NYSE: SLV ) also was higher. The SPDR Gold Trust (NYSE:
GLD ) was around 1.1% higher. The iShares Gold Trust (NYSE: IAU ) was around
1.1% higher. The iShares Silver Trust was up about 0.25%. Gold and silver mining
ETFs were moving up sharply. The Market Vectors Gold Miners ETF (NYSE: GDX ) was
some 1.8% higher. The Market Vector Junior Gold Miners ETF (NYSE: GDXJ ) was up
nearly 1.6%. The Global X Silver Miners ETF (NYSE: SIL ) was around 2.35%
higher. Shares of gold miners also were putting up morning gains. Agnico-Eagle
Mines (USA) (NYSE: AEM ) was 1.8% higher. Barrick Gold Corp. (NYSE: ABX ) was
around 1.6% higher. Goldcorp (NYSE: GG ) was up about 0.8%. Newmont Mining Corp.
(NYSE: NEM ) was up more than 2%. NovaGold Resources (USA) (AMEX: NG ) was up
more than 0.8%. Silver miners shares also were recovering nicely. Coeur DAlene
Mines Corp. (NYSE: CDE ) was more than 3% higher. Hecla Mining (NYSE: HL ) was
up between 3.4% and 3.6%. Pan American Silver Corp. (USA) (NASDAQ: PAAS ) was up
nearly 1%. Silver Wheaton Corp. (USA) (NYSE: SLW ) was more than 1% higher.
Silver Standard Resources Inc. (USA) (NASDAQ: SSRI ) was some 2.4% higher. As of
this writing, Andrew Burger did not own a position in any of the aforementioned
stocks.
A Strategy Is Needed For Lagging Gold Stocks
A Strategy Is Needed For Lagging Gold Stocks Seeking Alpha - 1 hour ago For
gold stock investors, a timing strategy is the most effective way to match or
beat the coming metal price increase. Among our caveats, were excluding junior
and exploration mining companies ...
gold stock investors, a timing strategy is the most effective way to match or
beat the coming metal price increase. Among our caveats, were excluding junior
and exploration mining companies ...
Who Needs Dividends? Get More Monthly Income with Naked Puts
I recently wrote an article describing how you can generate regular monthly
income by selling covered calls on shares of stock that you already own. Today
Im going to describe a very similar options strategy, one that also allows you
generate monthly income, this time on stocks that you dont own. Selling naked
puts may sound like something youd find in the red-light district of New
Orleans. But rest assured, this is a time-tested options trading strategy that
can provide tidy chunks of income if you target your choices carefully. Put Some
Instant Cash in Your Account Today When you sell a put, you are selling the
right for another investor to put shares of a chosen stock to you at a given
price on a given date. In other words, you will be forced to buy that stock. So
if I sell a Citigroup (NYSE: C ) Dec 30 Put for $2.70, then I am giving another
investor the right to sell me his Citigroup stock which I am obligated to buy
at $30 per share on or before Decembers options expiration date. In exchange, I
receive $270 (less commissions). If Citigroup closes above $30 on that date,
then not only do I not have to buy the stock, but I get to keep that $270
premium. If it closes below $30, I will have those 100 shares of Citigroup stock
put to me at $30. Thus, I'd better have $3,000 in my account in order to
purchase those shares. (When you're selling puts, your broker won't let you
make the trade if you aren't financially able to take delivery of the shares,
should that be the outcome of your trade.) However, since I received that $270
premium, if Citigroup should close above $27.30, then I'd still come out
ahead. If I do not own any shares of Citigroup at the time I sell the puts, this
is called a naked put . It's different than a naked call, which can result in
unlimited losses if the trade goes awry. With a naked put, the most you have at
risk is what it would cost if you were "put" the shares, which you know at
the time you initiate the trade. Now that you know the "worst" that can
happen with this strategy, let's take a look at how to make – and keep –
money by selling puts. How to be a Successful Put Seller Heres how Ive generated
monthly income off of naked puts, and have almost never had any stock put to me.
First, I choose a stock that I wouldnt mind owning anyway. Maybe I already have
a position, and Im thinking of adding to it, but I also don't think the shares
are going to take off anytime soon. Perhaps were between quarterly earnings
reports, and I dont expect much news until the next report comes around. For
example, I like First Cash Financial Services (NASDAQ: FCFS ), which is trading
at $41. I wouldnt mind owning 200 shares, but $41 is a little pricey for me. So
I see that the Dec 40 Puts are trading at $2.39. Now that is a mighty fine
premium. I like to generate about 2.5% monthly on option trades, and this one is
worth almost 6% for just under two months. Then, I will sell two FCFS Dec 40
Puts for $2.39 (to represent 200 shares), and net about $471 after commissions.
If First Cash closes above $42.39 on December expiration, Ill be a little bummed
that I didnt maximize my return by simply buying the stock. If it closes between
$40 and $42.39, I come out ahead and still may buy the stock. If it closes under
$40 but above $37.61, then the stock has been put to me and I got it at what I
consider a bargain price. And if it closes even lower than that, Im still happy
to have the stock, and now I can cost-average down and buy more if I wish.
Profit from Juicy Put Option Premiums Another stock with juicy put premiums that
Ive been following for most of the year is J.C. Penney (NYSE: JCP ), which has
been extremely volatile, but which I consider a bargain below $32. In times of
extreme volatility, Ill sell puts several dollars apart to give me a lot of
income, and possibly pick up a few shares at any number of attractive prices.
The same rules apply here as they do to covered calls, as I wrote in my earlier
article. Pick a stock you know well and have tracked, have a return target and
sell in bulk, and pick stocks that arent too volatile especially near earnings.
Lawrence Meyers presently holds naked Dec 40 Put positions in First Cash.
income by selling covered calls on shares of stock that you already own. Today
Im going to describe a very similar options strategy, one that also allows you
generate monthly income, this time on stocks that you dont own. Selling naked
puts may sound like something youd find in the red-light district of New
Orleans. But rest assured, this is a time-tested options trading strategy that
can provide tidy chunks of income if you target your choices carefully. Put Some
Instant Cash in Your Account Today When you sell a put, you are selling the
right for another investor to put shares of a chosen stock to you at a given
price on a given date. In other words, you will be forced to buy that stock. So
if I sell a Citigroup (NYSE: C ) Dec 30 Put for $2.70, then I am giving another
investor the right to sell me his Citigroup stock which I am obligated to buy
at $30 per share on or before Decembers options expiration date. In exchange, I
receive $270 (less commissions). If Citigroup closes above $30 on that date,
then not only do I not have to buy the stock, but I get to keep that $270
premium. If it closes below $30, I will have those 100 shares of Citigroup stock
put to me at $30. Thus, I'd better have $3,000 in my account in order to
purchase those shares. (When you're selling puts, your broker won't let you
make the trade if you aren't financially able to take delivery of the shares,
should that be the outcome of your trade.) However, since I received that $270
premium, if Citigroup should close above $27.30, then I'd still come out
ahead. If I do not own any shares of Citigroup at the time I sell the puts, this
is called a naked put . It's different than a naked call, which can result in
unlimited losses if the trade goes awry. With a naked put, the most you have at
risk is what it would cost if you were "put" the shares, which you know at
the time you initiate the trade. Now that you know the "worst" that can
happen with this strategy, let's take a look at how to make – and keep –
money by selling puts. How to be a Successful Put Seller Heres how Ive generated
monthly income off of naked puts, and have almost never had any stock put to me.
First, I choose a stock that I wouldnt mind owning anyway. Maybe I already have
a position, and Im thinking of adding to it, but I also don't think the shares
are going to take off anytime soon. Perhaps were between quarterly earnings
reports, and I dont expect much news until the next report comes around. For
example, I like First Cash Financial Services (NASDAQ: FCFS ), which is trading
at $41. I wouldnt mind owning 200 shares, but $41 is a little pricey for me. So
I see that the Dec 40 Puts are trading at $2.39. Now that is a mighty fine
premium. I like to generate about 2.5% monthly on option trades, and this one is
worth almost 6% for just under two months. Then, I will sell two FCFS Dec 40
Puts for $2.39 (to represent 200 shares), and net about $471 after commissions.
If First Cash closes above $42.39 on December expiration, Ill be a little bummed
that I didnt maximize my return by simply buying the stock. If it closes between
$40 and $42.39, I come out ahead and still may buy the stock. If it closes under
$40 but above $37.61, then the stock has been put to me and I got it at what I
consider a bargain price. And if it closes even lower than that, Im still happy
to have the stock, and now I can cost-average down and buy more if I wish.
Profit from Juicy Put Option Premiums Another stock with juicy put premiums that
Ive been following for most of the year is J.C. Penney (NYSE: JCP ), which has
been extremely volatile, but which I consider a bargain below $32. In times of
extreme volatility, Ill sell puts several dollars apart to give me a lot of
income, and possibly pick up a few shares at any number of attractive prices.
The same rules apply here as they do to covered calls, as I wrote in my earlier
article. Pick a stock you know well and have tracked, have a return target and
sell in bulk, and pick stocks that arent too volatile especially near earnings.
Lawrence Meyers presently holds naked Dec 40 Put positions in First Cash.
Netflix: Still the Short of the Century
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace It wasn’t that long ago that Netflix ( NASDAQ : NFLX ) was destined to become a category killer. Its disruptive business model of delivering DVDs by mail coupled with its availability of long tail content became so successful that it brought down mighty Blockbuster Video. But a funny thing happened on the way from a stock price of $8 to $300 — Netflix itself began to fall apart. Technology caught up with Netflix — then blew past it — and along with it came a different way studios permitted content to be used. Netflix, or anyone else, can purchase a DVD and rent it out as often as it likes. However, streaming content has to be licensed . The world started to move toward streaming content, and it still is. NFLX simply does not have the fiscal resources to license enough material to remain competitive, much less a category killer. Investors need to understand that DVDs will be gone within five years, and more likely, three. Just like CDs have given way to digital files, so will film and television. Netflix’s DVD business will be dead, and it only will be able to rely on streaming — and NFLX at least realized this when it split up its streaming and DVD businesses . The problem is that streaming licenses are incredibly expensive. Multi-year deals can cost hundreds of millions and, more likely, billions. Netflix simply does not have enough cash on hand, and it won’t generate enough cash flow from its current business, to afford the content it needs to stay competitive. Stay competitive with whom, you might ask? Try Apple ( NASDAQ : AAPL ) and Amazon ( NASDAQ : AMZN ). And how long do you think it’ll be before Google (NASDAQ: GOOG ) gets involved in streaming content? Amazon has $6.3 billion in cash and $1.8 billion in trailing 12-month free cash flow. Google has $34 billion in cash and $6.9 billion TTM FCF. Apple has $28 billion in cash and $29 billion in TTM FCF. And Netflix has $350 million in cash and $270 million TTM FCF. Which company do you think is the odd man out? Even if Netflix could compete, which company do you think will have the best streaming technology? Best advertising? Best pricing? If this is starting to sound like a commoditized business, it’s because it eventually will lead to just that, which also will squeeze margins. Netflix won’t even be around by then. So, yes, I am not only saying Netflix is a “short,” but it is a guaranteed zero in my humble opinion. It won’t happen right away, but it will happen. And there are other things that simply aren’t helping its case. Netflix’s entire disclosure process is not transparent. Whereas 99% of public companies release earnings, then hold conference calls and open the field to questions from analysts, Netflix insists on having questions in advance. It doesn’t disclose exactly how much its streaming content deals are for — the media just takes guesses, and one must look at off-balance sheet obligations to divine exact amounts. And when you look at those numbers, you realize Netflix has to come up with an awful lot of cash each and every year going forward to hold onto those deals. Netflix is a goner. The only question is whether you want to wait for NFLX to tick back up a bit and then short, or short it now. As of this writing, Lawrence Meyers did not own a position in any of the aforementioned stocks. He recently closed out a short position in NFLX at $115, having shorted it at $252 and $210.
Gold Stocks (GDX) Rally, Einhorn Sees Outperformance Ahead
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 GOLD STOCKS NEWS – Gold stocks rallied Thursday morning as the Market Vectors Gold Miners ETF (GDX) climbed $0.74, or 1.3%, to $60.70 per share.
Claude Resources Streamlines Gold Property Portfolio
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Claude Resources (CRJ.TSX, AMEX: CGR) announced that Auriga Gold Corp. has agreed to acquire the 46% minority interest in the Nokomis Property currently held by Claude. Prior to the acquisition, Auriga Gold held a 54% interest in the Nokomis Property, which is contiguous to the Puffy Lake Property, part of the Maverick Gold Project in Canada. The 2,200 hectare, Nokomis property consists of 39 claims and is located less than 8 kilometers northeast of the Puffy Lake Mill. Highlights: * Under the terms of agreement, Auriga Gold has agreed to issue to Claude 3.4 million common shares of Auriga Gold at an issue price of C$0.35 per share * The shares represent approximately 7.8% of Auriga Gold's outstanding common shares * The issued shares will be subject to a hold period of four months from the closing date of the definitive agreement * The transaction is expected to close on or about November 15, 2011 Neil McMillan, Claude's President and CEO: "This disposition is consistent with Claude's strategy to streamline our property portfolio while maintaining upside to project success via participation in Auriga Gold shares." Paolo Lostritto, National Bank Financial: "We reiterate our Outperform rating and C$3.30 target on Claude Resources shares…Catalysts continue to be:1) Madsen underground drill results, 2) Seabee shaft deepening coupled with Santoy ramp up, and 3) more Amisk drilling." View post: Claude Resources Streamlines Gold Property Portfolio
Why Dendreon Is Aiming Prostate Drug Pitches to Consumers
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Dendreon ( NASDAQ : DNDN ) appears to be pulling out all the stops in an effort to restore at least some of the luster to its prostate cancer treatment Provenge. Once viewed as a potential blockbuster, Provenge sales may now top out at $500 million, Collins Stewart analyst Salveen Richter wrote to investors after meeting with management, according to an article in Medical Marketing & Media. And even that figure might be out of reach if Dendreon's aggressive direct-to-consumer advertising campaign falls short. The Seattle-based company's need for something to ignite sales of Provenge became even clearer when Dendreon reported third-quarter results Tuesday. Sales were up 5.6% in October to $26.4 million from $25 million in September, but the company added that November sales will fall short of October's. Even though Dendreon's revenue tripled from the same period a year earlier, it lost $147.1 million, or $1 per share, in the third quarter — almost twice the decline for the same period in 2010. By midday Thursday, investors had taken Dendreon to the whipping post, driving its shares down about 36%. For Dendreon, it was a case of déj
Apple Inc. (NASDAQ:AAPL) CEO Settles In
Tim Cook has brought some new operational changes to Apple Inc. (NASDAQ:AAPL).
Apple Inc. (NASDAQ:AAPL) CEO Settles In According to a Wall Street Journal
report, the new CEO Tim Cook has started becoming involved in the administrative
matters of Apple Inc. (NASDAQ:AAPL), such as promotions and structure reporting,
that never interested its recently deceased CEO Steve Jobs. On top of this, Cook
has become more communicative with employees by sending companywide e-mails
addressed to the 'Team'. Cook wrote a letter to Apple Inc. (NASDAQ:AAPL)
employees that said, "I want you to be confident that Apple Inc. (NASDAQ:AAPL)
is not going to change. I cherish and celebrate Apple Inc. (NASDAQ:AAPL)'s
unique principles and values. We are going to continue to make the best products
in the world that delight our customers and make our employees incredibly proud
of what they do." Apple Inc. (NASDAQ:AAPL) stocks were at 397.41 at the end of
the last days trading. Theres been a 2.0% change in the stock price over the
past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.22 Zacks Rank: 1 out of 2 in the industry
Apple Inc. (NASDAQ:AAPL) CEO Settles In According to a Wall Street Journal
report, the new CEO Tim Cook has started becoming involved in the administrative
matters of Apple Inc. (NASDAQ:AAPL), such as promotions and structure reporting,
that never interested its recently deceased CEO Steve Jobs. On top of this, Cook
has become more communicative with employees by sending companywide e-mails
addressed to the 'Team'. Cook wrote a letter to Apple Inc. (NASDAQ:AAPL)
employees that said, "I want you to be confident that Apple Inc. (NASDAQ:AAPL)
is not going to change. I cherish and celebrate Apple Inc. (NASDAQ:AAPL)'s
unique principles and values. We are going to continue to make the best products
in the world that delight our customers and make our employees incredibly proud
of what they do." Apple Inc. (NASDAQ:AAPL) stocks were at 397.41 at the end of
the last days trading. Theres been a 2.0% change in the stock price over the
past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.22 Zacks Rank: 1 out of 2 in the industry
Why Dendreon Is Aiming Prostate Drug Pitches to Consumers
Dendreon (NASDAQ: DNDN ) appears to be pulling out all the stops in an effort
to restore at least some of the luster to its prostate cancer treatment
Provenge. Once viewed as a potential blockbuster, Provenge sales may now top out
at $500 million, Collins Stewart analyst Salveen Richter wrote to investors
after meeting with management, according to an article in Medical Marketing &
Media. And even that figure might be out of reach if Dendreon's aggressive
direct-to-consumer advertising campaign falls short. The Seattle-based
company's need for something to ignite sales of Provenge became even clearer
when Dendreon reported third-quarter results Tuesday. Sales were up 5.6% in
October to $26.4 million from $25 million in September, but the company added
that November sales will fall short of October's. Even though Dendreon's
revenue tripled from the same period a year earlier, it lost $147.1 million, or
$1 per share, in the third quarter almost twice the decline for the same period
in 2010. By midday Thursday, investors had taken Dendreon to the whipping post,
driving its shares down about 36%. For Dendreon, it was a case of déj
to restore at least some of the luster to its prostate cancer treatment
Provenge. Once viewed as a potential blockbuster, Provenge sales may now top out
at $500 million, Collins Stewart analyst Salveen Richter wrote to investors
after meeting with management, according to an article in Medical Marketing &
Media. And even that figure might be out of reach if Dendreon's aggressive
direct-to-consumer advertising campaign falls short. The Seattle-based
company's need for something to ignite sales of Provenge became even clearer
when Dendreon reported third-quarter results Tuesday. Sales were up 5.6% in
October to $26.4 million from $25 million in September, but the company added
that November sales will fall short of October's. Even though Dendreon's
revenue tripled from the same period a year earlier, it lost $147.1 million, or
$1 per share, in the third quarter almost twice the decline for the same period
in 2010. By midday Thursday, investors had taken Dendreon to the whipping post,
driving its shares down about 36%. For Dendreon, it was a case of déj
Gold Stocks (GDX) Rally, Einhorn Sees Outperformance Ahead
GOLD STOCKS NEWS – Gold stocks rallied Thursday morning as the Market Vectors
Gold Miners ETF (GDX) climbed $0.74, or 1.3%, to $60.70 per share.
Gold Miners ETF (GDX) climbed $0.74, or 1.3%, to $60.70 per share.
Extorre Reports Significant Increase in Gold Resources
Extorre Gold Mines (XG.TSX, AMEX: XG) announced an updated National Instrument
43-101 compliant mineral resource estimate for its flagship Cerro Moro Project
in Santa Cruz Province, Argentina.
43-101 compliant mineral resource estimate for its flagship Cerro Moro Project
in Santa Cruz Province, Argentina.
Netflix: Still the Short of the Century
It wasnt that long ago that Netflix (NASDAQ: NFLX ) was destined to become a
category killer. Its disruptive business model of delivering DVDs by mail
coupled with its availability of long tail content became so successful that it
brought down mighty Blockbuster Video. But a funny thing happened on the way
from a stock price of $8 to $300 Netflix itself began to fall apart. Technology
caught up with Netflix then blew past it and along with it came a different
way studios permitted content to be used. Netflix, or anyone else, can purchase
a DVD and rent it out as often as it likes. However, streaming content has to be
licensed . The world started to move toward streaming content, and it still is.
NFLX simply does not have the fiscal resources to license enough material to
remain competitive, much less a category killer. Investors need to understand
that DVDs will be gone within five years, and more likely, three. Just like CDs
have given way to digital files, so will film and television. Netflixs DVD
business will be dead, and it only will be able to rely on streaming and NFLX
at least realized this when it split up its streaming and DVD businesses . The
problem is that streaming licenses are incredibly expensive. Multi-year deals
can cost hundreds of millions and, more likely, billions. Netflix simply does
not have enough cash on hand, and it wont generate enough cash flow from its
current business, to afford the content it needs to stay competitive. Stay
competitive with whom, you might ask? Try Apple (NASDAQ: AAPL ) and Amazon
(NASDAQ: AMZN ). And how long do you think itll be before Google (NASDAQ: GOOG )
gets involved in streaming content? Amazon has $6.3 billion in cash and $1.8
billion in trailing 12-month free cash flow. Google has $34 billion in cash and
$6.9 billion TTM FCF. Apple has $28 billion in cash and $29 billion in TTM FCF.
And Netflix has $350 million in cash and $270 million TTM FCF. Which company do
you think is the odd man out? Even if Netflix could compete, which company do
you think will have the best streaming technology? Best advertising? Best
pricing? If this is starting to sound like a commoditized business, its because
it eventually will lead to just that, which also will squeeze margins. Netflix
wont even be around by then. So, yes, I am not only saying Netflix is a short,
but it is a guaranteed zero in my humble opinion. It wont happen right away, but
it will happen. And there are other things that simply arent helping its case.
Netflixs entire disclosure process is not transparent. Whereas 99% of public
companies release earnings, then hold conference calls and open the field to
questions from analysts, Netflix insists on having questions in advance. It
doesnt disclose exactly how much its streaming content deals are for the media
just takes guesses, and one must look at off-balance sheet obligations to divine
exact amounts. And when you look at those numbers, you realize Netflix has to
come up with an awful lot of cash each and every year going forward to hold onto
those deals. Netflix is a goner. The only question is whether you want to wait
for NFLX to tick back up a bit and then short, or short it now. As of this
writing, Lawrence Meyers did not own a position in any of the aforementioned
stocks. He recently closed out a short position in NFLX at $115, having shorted
it at $252 and $210.
category killer. Its disruptive business model of delivering DVDs by mail
coupled with its availability of long tail content became so successful that it
brought down mighty Blockbuster Video. But a funny thing happened on the way
from a stock price of $8 to $300 Netflix itself began to fall apart. Technology
caught up with Netflix then blew past it and along with it came a different
way studios permitted content to be used. Netflix, or anyone else, can purchase
a DVD and rent it out as often as it likes. However, streaming content has to be
licensed . The world started to move toward streaming content, and it still is.
NFLX simply does not have the fiscal resources to license enough material to
remain competitive, much less a category killer. Investors need to understand
that DVDs will be gone within five years, and more likely, three. Just like CDs
have given way to digital files, so will film and television. Netflixs DVD
business will be dead, and it only will be able to rely on streaming and NFLX
at least realized this when it split up its streaming and DVD businesses . The
problem is that streaming licenses are incredibly expensive. Multi-year deals
can cost hundreds of millions and, more likely, billions. Netflix simply does
not have enough cash on hand, and it wont generate enough cash flow from its
current business, to afford the content it needs to stay competitive. Stay
competitive with whom, you might ask? Try Apple (NASDAQ: AAPL ) and Amazon
(NASDAQ: AMZN ). And how long do you think itll be before Google (NASDAQ: GOOG )
gets involved in streaming content? Amazon has $6.3 billion in cash and $1.8
billion in trailing 12-month free cash flow. Google has $34 billion in cash and
$6.9 billion TTM FCF. Apple has $28 billion in cash and $29 billion in TTM FCF.
And Netflix has $350 million in cash and $270 million TTM FCF. Which company do
you think is the odd man out? Even if Netflix could compete, which company do
you think will have the best streaming technology? Best advertising? Best
pricing? If this is starting to sound like a commoditized business, its because
it eventually will lead to just that, which also will squeeze margins. Netflix
wont even be around by then. So, yes, I am not only saying Netflix is a short,
but it is a guaranteed zero in my humble opinion. It wont happen right away, but
it will happen. And there are other things that simply arent helping its case.
Netflixs entire disclosure process is not transparent. Whereas 99% of public
companies release earnings, then hold conference calls and open the field to
questions from analysts, Netflix insists on having questions in advance. It
doesnt disclose exactly how much its streaming content deals are for the media
just takes guesses, and one must look at off-balance sheet obligations to divine
exact amounts. And when you look at those numbers, you realize Netflix has to
come up with an awful lot of cash each and every year going forward to hold onto
those deals. Netflix is a goner. The only question is whether you want to wait
for NFLX to tick back up a bit and then short, or short it now. As of this
writing, Lawrence Meyers did not own a position in any of the aforementioned
stocks. He recently closed out a short position in NFLX at $115, having shorted
it at $252 and $210.
Claude Resources Streamlines Gold Property Portfolio
Claude Resources (CRJ.TSX, AMEX: CGR) announced that Auriga Gold Corp. has
agreed to acquire the 46% minority interest in the Nokomis Property currently
held by Claude. Prior to the acquisition, Auriga Gold held a 54% interest in the
Nokomis Property, which is contiguous to the Puffy Lake Property, part of the
Maverick Gold Project in Canada. The 2,200 hectare, Nokomis property consists of
39 claims and is located less than 8 kilometers northeast of the Puffy Lake
Mill. Highlights: * Under the terms of agreement, Auriga Gold has agreed to
issue to Claude 3.4 million common shares of Auriga Gold at an issue price of
C$0.35 per share * The shares represent approximately 7.8% of Auriga Gold's
outstanding common shares * The issued shares will be subject to a hold period
of four months from the closing date of the definitive agreement * The
transaction is expected to close on or about November 15, 2011 Neil McMillan,
Claude's President and CEO: "This disposition is consistent with Claude's
strategy to streamline our property portfolio while maintaining upside to
project success via participation in Auriga Gold shares." Paolo Lostritto,
National Bank Financial: "We reiterate our Outperform rating and C$3.30 target
on Claude Resources sharesCatalysts continue to be:1) Madsen underground drill
results, 2) Seabee shaft deepening coupled with Santoy ramp up, and 3) more
Amisk drilling."
agreed to acquire the 46% minority interest in the Nokomis Property currently
held by Claude. Prior to the acquisition, Auriga Gold held a 54% interest in the
Nokomis Property, which is contiguous to the Puffy Lake Property, part of the
Maverick Gold Project in Canada. The 2,200 hectare, Nokomis property consists of
39 claims and is located less than 8 kilometers northeast of the Puffy Lake
Mill. Highlights: * Under the terms of agreement, Auriga Gold has agreed to
issue to Claude 3.4 million common shares of Auriga Gold at an issue price of
C$0.35 per share * The shares represent approximately 7.8% of Auriga Gold's
outstanding common shares * The issued shares will be subject to a hold period
of four months from the closing date of the definitive agreement * The
transaction is expected to close on or about November 15, 2011 Neil McMillan,
Claude's President and CEO: "This disposition is consistent with Claude's
strategy to streamline our property portfolio while maintaining upside to
project success via participation in Auriga Gold shares." Paolo Lostritto,
National Bank Financial: "We reiterate our Outperform rating and C$3.30 target
on Claude Resources sharesCatalysts continue to be:1) Madsen underground drill
results, 2) Seabee shaft deepening coupled with Santoy ramp up, and 3) more
Amisk drilling."
Todays Dow Jones Industrial Average DJIA Index DJX DJI, Nasdaq Index, S&P 500 Index; World Index Stock Market Investing News USA Mid-Day
One day after the big stock sell off on Tuesday, stocks recovered in a bid way
on Wednesday. The primary indices in the U.S. moved higher across the board as
the Dow Jones, Nasdaq, and S&P 500 finished the yesterdays session in the green.
Positive news spread via the Federal Reserve. Investors were reassured that the
Feds are willing to take further action to stimulate the economy. Investors were
also pleased to find that interest rates will remain at record lows. The
positive momentum gained during the last trading session was not enough to help
indices in the U.S. position higher for the open today. Prior to opening bell,
stock futures tracking revealed red across the board for the DJIA, Nasdaq, and
S&P 500 futures. Stocks positioned for the lower open this morning. Global
markets are mixed today. The Nikkei in Japan in Japan and the Hang Seng in Hong
Kong closed red today while the Shanghai Composite in China finished the day
green. Markets in the eurozone finished stronger. As the session reaches the
halfway point in the U.S. trading session, the primary indices are green across
the board. The DJIA was higher by .88 percent at 1,939.95. The Nasdaq was higher
by .74 percent at 2,659.39 and the S&P 500 was higher by .72 percent at 1,246.77
as of mid-day in the U.S. Frank Matto
on Wednesday. The primary indices in the U.S. moved higher across the board as
the Dow Jones, Nasdaq, and S&P 500 finished the yesterdays session in the green.
Positive news spread via the Federal Reserve. Investors were reassured that the
Feds are willing to take further action to stimulate the economy. Investors were
also pleased to find that interest rates will remain at record lows. The
positive momentum gained during the last trading session was not enough to help
indices in the U.S. position higher for the open today. Prior to opening bell,
stock futures tracking revealed red across the board for the DJIA, Nasdaq, and
S&P 500 futures. Stocks positioned for the lower open this morning. Global
markets are mixed today. The Nikkei in Japan in Japan and the Hang Seng in Hong
Kong closed red today while the Shanghai Composite in China finished the day
green. Markets in the eurozone finished stronger. As the session reaches the
halfway point in the U.S. trading session, the primary indices are green across
the board. The DJIA was higher by .88 percent at 1,939.95. The Nasdaq was higher
by .74 percent at 2,659.39 and the S&P 500 was higher by .72 percent at 1,246.77
as of mid-day in the U.S. Frank Matto
Todays Gold Price per ounce Spot gold price per gram; Spot Silver Price Per Ounce Rates Mid-Day Today
Contract gold and silver showed signs of a rebound during the last open trading
session. Both gold contract for December delivery and Silver contract for
December delivery finished their respective session above the break-even mark.
The dollar dropped lower yesterday to the euro and the Japanese yen, and this
action helped to spur precious metal gold and silver acquisitions. Precious
metal gold and silver became more affordable to purchase for many. Gold is still
tracking positively according to one month change analysis. Gold is positive by
about 5.3 percent during this time. Silver is still tracking positively based on
its one month change analysis as well. Silver is positive by about 9.9 percent
during this time. Prior to opening bell this morning, spot gold and spot silver
price trends were still moving in a positive direction. As the mid-day mark of
todays trading session approached, spot gold and spot silver were still tracking
green. Spot gold per gram was at 56.65 and spot silver per ounce was at 34.38.
Contract gold for December delivery was green by 1.41 percent at 1754 per troy
ounce. Contract silver for December delivery was higher by 1.17 percent at 34.34
per troy ounce according to electronic price tracking at mid-day. Camillo Zucari
session. Both gold contract for December delivery and Silver contract for
December delivery finished their respective session above the break-even mark.
The dollar dropped lower yesterday to the euro and the Japanese yen, and this
action helped to spur precious metal gold and silver acquisitions. Precious
metal gold and silver became more affordable to purchase for many. Gold is still
tracking positively according to one month change analysis. Gold is positive by
about 5.3 percent during this time. Silver is still tracking positively based on
its one month change analysis as well. Silver is positive by about 9.9 percent
during this time. Prior to opening bell this morning, spot gold and spot silver
price trends were still moving in a positive direction. As the mid-day mark of
todays trading session approached, spot gold and spot silver were still tracking
green. Spot gold per gram was at 56.65 and spot silver per ounce was at 34.38.
Contract gold for December delivery was green by 1.41 percent at 1754 per troy
ounce. Contract silver for December delivery was higher by 1.17 percent at 34.34
per troy ounce according to electronic price tracking at mid-day. Camillo Zucari
Top 10 U.S.-Listed Chinese Stocks with Highest Upside: CIS, CCIH, CAAS, NOAH, COGO, ASIA, SORL, VISN, DQ, FENG (Nov 03, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest upside potential,
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 286.6%.
Its consensus target price is $12.45 based on the average of all estimates.
ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 2nd highest upside
potential in this segment of the market. Its upside is 206.9%. Its consensus
target price is $14.58 based on the average of all estimates. China Automotive
Systems, Inc. (NASDAQ:CAAS) has the 3rd highest upside potential in this segment
of the market. Its upside is 191.8%. Its consensus target price is $15.00 based
on the average of all estimates. Noah Holdings Limited (ADR) (NYSE:NOAH) has the
4th highest upside potential in this segment of the market. Its upside is
141.1%. Its consensus target price is $19.97 based on the average of all
estimates. Cogo Group, Inc. (NASDAQ:COGO) has the 5th highest upside potential
in this segment of the market. Its upside is 129.2%. Its consensus target price
is $5.50 based on the average of all estimates. AsiaInfo-Linkage, Inc.
(NASDAQ:ASIA) has the 6th highest upside potential in this segment of the
market. Its upside is 124.7%. Its consensus target price is $18.18 based on the
average of all estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 7th
highest upside potential in this segment of the market. Its upside is 116.5%.
Its consensus target price is $7.17 based on the average of all estimates.
VisionChina Media Inc (ADR) (NASDAQ:VISN) has the 8th highest upside potential
in this segment of the market. Its upside is 113.4%. Its consensus target price
is $3.84 based on the average of all estimates. Daqo New Energy Corp. (NYSE:DQ)
has the 9th highest upside potential in this segment of the market. Its upside
is 107.1%. Its consensus target price is $6.75 based on the average of all
estimates. Phoenix New Media Ltd ADR (NYSE:FENG) has the 10th highest upside
potential in this segment of the market. Its upside is 103.6%. Its consensus
target price is $10.67 based on the average of all estimates.
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 286.6%.
Its consensus target price is $12.45 based on the average of all estimates.
ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 2nd highest upside
potential in this segment of the market. Its upside is 206.9%. Its consensus
target price is $14.58 based on the average of all estimates. China Automotive
Systems, Inc. (NASDAQ:CAAS) has the 3rd highest upside potential in this segment
of the market. Its upside is 191.8%. Its consensus target price is $15.00 based
on the average of all estimates. Noah Holdings Limited (ADR) (NYSE:NOAH) has the
4th highest upside potential in this segment of the market. Its upside is
141.1%. Its consensus target price is $19.97 based on the average of all
estimates. Cogo Group, Inc. (NASDAQ:COGO) has the 5th highest upside potential
in this segment of the market. Its upside is 129.2%. Its consensus target price
is $5.50 based on the average of all estimates. AsiaInfo-Linkage, Inc.
(NASDAQ:ASIA) has the 6th highest upside potential in this segment of the
market. Its upside is 124.7%. Its consensus target price is $18.18 based on the
average of all estimates. Sorl Auto Parts, Inc. (NASDAQ:SORL) has the 7th
highest upside potential in this segment of the market. Its upside is 116.5%.
Its consensus target price is $7.17 based on the average of all estimates.
VisionChina Media Inc (ADR) (NASDAQ:VISN) has the 8th highest upside potential
in this segment of the market. Its upside is 113.4%. Its consensus target price
is $3.84 based on the average of all estimates. Daqo New Energy Corp. (NYSE:DQ)
has the 9th highest upside potential in this segment of the market. Its upside
is 107.1%. Its consensus target price is $6.75 based on the average of all
estimates. Phoenix New Media Ltd ADR (NYSE:FENG) has the 10th highest upside
potential in this segment of the market. Its upside is 103.6%. Its consensus
target price is $10.67 based on the average of all estimates.
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