Major commodities prices shifted direction and after they had risen on Tuesday,
they declined on Wednesday: gold and silver prices declined by a moderate rate,
crude oil prices also moderately declined. Natural gas spot prices on the other
hand kept on rising. Here is a summary of the price movements of precious metals
and energy commodities for November 9th: Precious Metals Prices: Gold price
declined yesterday by 0.42% and reached $1,791.60; Silver price also fell by
2.25% to reach $34.36. During November, gold price rose by 3.8% and silver price
increased by 0.02%.
Wednesday, November 9, 2011
One Stock That Survived the Market Crash
Yahoo (NASDAQ: YHOO ) – This large-cap information technology giant had been
trading within a bear channel since May. But at August's low, prices turned
sharply higher, which led to a break through a double-top in October, following
a quick correction that drew unusually high volume. On a day like yesterday,
when the market suffered a crushing blow, YHOO fell by just a nickel. Rumors
persist of a takeover by a larger company continue reported in the press. The
chart breakout yields a trading target of $20. Click to Enlarge
trading within a bear channel since May. But at August's low, prices turned
sharply higher, which led to a break through a double-top in October, following
a quick correction that drew unusually high volume. On a day like yesterday,
when the market suffered a crushing blow, YHOO fell by just a nickel. Rumors
persist of a takeover by a larger company continue reported in the press. The
chart breakout yields a trading target of $20. Click to Enlarge
2 Options for Playing a Nasdaq OMX Group Breakout
The market's resilience has been quite impressive as of late, with the last
four trading sessions starting with an early morning plunge and following up
with a strong late-day rally. This perpetual bid beneath the market continues to
reward dip-buyers. As market conditions improve and return to trending
conditions, it should become much easier to identify strong trending stocks that
are forming low-risk, high-reward price patterns. One such stock approaching an
interesting crossroads is Nasdaq OMX Group (NASDAQ: NDAQ ). The $26 price level
has provided significant overhead resistance for the past two months. Once the
stock is finally able to absorb all of the supply in this area, higher prices
should be in the offing. The cheaper share price of NDAQ opens up the
possibility of a simple stock trade. At $26 a pop, you won't have to tie up an
exorbitant amount of capital to buy shares. And if you're looking for an
option play, you might consider following one of these two trade ideas on a
confirmed break of $26. You can: 1. Buy to open the NDAQ Jan 25 Call option
(which is currently trading at $2.30), or 2. Enter the NDAQ January 25-28 call
spread by "buying to open" the Jan 25 Call and simultaneously "selling to
open" the Jan 28 Call (which is trading at 85 cents). At these prices, the
spread would cost $1.45, or $2.30 $0.85. The bid-ask spread isn't too
terribly wide in NDAQ options, but the trading volume in the January series has
been somewhat spotty in recent days, so limit orders are a must here. Source :
MachTrader At the time of this writing, Tyler Craig had no positions on NDAQ.
four trading sessions starting with an early morning plunge and following up
with a strong late-day rally. This perpetual bid beneath the market continues to
reward dip-buyers. As market conditions improve and return to trending
conditions, it should become much easier to identify strong trending stocks that
are forming low-risk, high-reward price patterns. One such stock approaching an
interesting crossroads is Nasdaq OMX Group (NASDAQ: NDAQ ). The $26 price level
has provided significant overhead resistance for the past two months. Once the
stock is finally able to absorb all of the supply in this area, higher prices
should be in the offing. The cheaper share price of NDAQ opens up the
possibility of a simple stock trade. At $26 a pop, you won't have to tie up an
exorbitant amount of capital to buy shares. And if you're looking for an
option play, you might consider following one of these two trade ideas on a
confirmed break of $26. You can: 1. Buy to open the NDAQ Jan 25 Call option
(which is currently trading at $2.30), or 2. Enter the NDAQ January 25-28 call
spread by "buying to open" the Jan 25 Call and simultaneously "selling to
open" the Jan 28 Call (which is trading at 85 cents). At these prices, the
spread would cost $1.45, or $2.30 $0.85. The bid-ask spread isn't too
terribly wide in NDAQ options, but the trading volume in the January series has
been somewhat spotty in recent days, so limit orders are a must here. Source :
MachTrader At the time of this writing, Tyler Craig had no positions on NDAQ.
Todays Gold Price Per Ounce Spot gold price per gram Rates; Spot Silver price per ounce; Gold Silver Today
Contract gold and silver experienced a moderate increase after news spread that
Italian Prime Minister, Silvio Berlusconi, would step aside. Precious metal gold
and silver price per ounce rates drifted back though shortly after this
announcement. Trends for the two precious metals have been observed in negative
territory since. The dollar was on the rise last session which made precious
metal gold and silver more expensive. Gold and silver contract were negative at
the mid-day mark and as of last session close, both precious metals had finished
on the negative side of break-even. Contract gold for December delivery closed
out the day lower by .42 percent or negative 7.60 to close at 1791.60 per troy
ounce. Contract silver for December delivery finished lower by 2.25 percent or
negative .792 at 34.36 per troy ounce. After last session close but prior to
todays open, spot gold and spot silver prices continued to move in negative
territory. Spot gold price per gram was lower at this point by 1.09 at 56.52.
Spot silver price per ounce was lower by .61 at 33.76. The Gold sector turned
lower alongside the DJIAs 400 point loss. Camillo Zucari
Italian Prime Minister, Silvio Berlusconi, would step aside. Precious metal gold
and silver price per ounce rates drifted back though shortly after this
announcement. Trends for the two precious metals have been observed in negative
territory since. The dollar was on the rise last session which made precious
metal gold and silver more expensive. Gold and silver contract were negative at
the mid-day mark and as of last session close, both precious metals had finished
on the negative side of break-even. Contract gold for December delivery closed
out the day lower by .42 percent or negative 7.60 to close at 1791.60 per troy
ounce. Contract silver for December delivery finished lower by 2.25 percent or
negative .792 at 34.36 per troy ounce. After last session close but prior to
todays open, spot gold and spot silver prices continued to move in negative
territory. Spot gold price per gram was lower at this point by 1.09 at 56.52.
Spot silver price per ounce was lower by .61 at 33.76. The Gold sector turned
lower alongside the DJIAs 400 point loss. Camillo Zucari
No Debt High Yield Stocks
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dow2664 If a company has debt, it can be beneficial if the company can earn far more than the interest expense. But there are drawbacks to incurring debt. When times get tough, earnings drop, and the business can’t afford the debt service, then the viability of the company is at risk. Many strong companies are debt free, such as Apple (AAPL) and Amazon (AMZN). If you put the debt free trait with a high yield, you should end up with a successful investment. There are a selection of over ten stocks on the latest No Debt High Yield Stocks List at WallStreetNewsNetwork.com, which have yields ranging from 2% to above 9%, all of which are free of debt. One example is Paychex, Inc. (PAYX), which provides human resource, payroll, and benefits outsourcing solutions to primarily small and medium size businesses. This debt free company pays a yield of 4.3%, and has been paying quarterly dividends since 1994. It trades at 17 times earnings. Earnings for the latest quarter were up 12.9%, on a 8.6% increase in revenues. Another example is Erie Indemnity Co. (ERIE), an insurance company based in Erie, Pennsylvania, which also has no debt. The stock sports a yield of 2.6%, and a forward price to earnings ratio of 25. Net income per diluted share for the latest quarter was up 6.1% year over year, on a revenue increase of 35.9%. Several of the stocks on the list are royalty trusts such as the Sabine Royalty Trust (SBR) which is debt free and yields 7.8%. To see a free list of many other companies that have no debt and pay high yields , half a dozen of which pay more than 6%, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated. Disclosure: Author owns AAPL and AMZN. By Stockerblog.com
The Gold Price Met My Target Yesterday With a High of $1,802.73
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DG365FD46564GFH654FU898 Gold Price Close Today : 1790.90 Change : (7.50) or -0.4% Silver Price Close Today : 3434.8 Change : (78.9) cents or -2.2% Gold Silver Ratio Today : 52.140 Change : 0.957 or 1.9% Silver Gold Ratio Today : 0.01918 Change : -0.000359 or -1.8% Platinum Price Close Today : 1628.40 Change : -33.70 or -2.0% Palladium Price Close Today : 645.00 Change : -27.35 or -4.1% S&P 500 : 1,229.10 Change : -46.82 or -3.7% Dow In GOLD$ : $135.98 Change : $ (3.89) or -2.8% Dow in GOLD oz : 6.578 Change : -0.188 or -2.8% Dow in SILVER oz : 342.99 Change : -3.38 or -1.0% Dow Industrial : 11,780.94 Change : -389.24 or -3.2% US Dollar Index : 77.89 Change : 1.318 or 1.7% The GOLD PRICE has had a week to fulfill my suspicions that a rally was coming, and during that time fulfilled my $1,800 target — high yesterday was $1,802.73, high today was $1,799.50. Comex GOLD PRICE today lost $7.50 to $1,790.90. Now we have reached Fish or Cut Bait time, but the GOLD PRICE fall today still doesn’t make perfectly clear its intentions. If it were aiming to cut through $1,800, then it might just pull back and squat down before it made the dash, and that might explain today. On the other hand, if it falls through $1,750 tomorrow and moves toward $1,705, gold’s liable to have vertigo problems, including stumbling and falling. Only a close below $1,650 would invite serious worry and nail-biting. Of course, it’s hard, hard to picture how a bank solvency crisis in Europe would drive gold DOWN, unless the whole world is dumber than Ben Bernanke. I’m turning ugly, so I better turn to silver. With less enthusiasm than gold, the SILVER PRICE rallied in the last week, but today with a 3382c low gave up all those gains, falling today from a 3507c high to close Comex at 3434.8c, down 78.9c (2.24%). Not much to argue about here. Should the SILVER PRICE fall through that trap door over the elevator shaft at 3400c, next place it would land about the 20 DMA at 3325c. I wrote last Thursday that the market was beginning to persuade me that bottoms in silver and gold had already occurred. By failing to pass above $1,800, gold has left that question open. It will remain open until gold either closes over $1,800, or below $1,700. I’m telling y’all, long as the world’s racing this way downhill into the ditch, y’all better start working on some marketable skills like gardening, milking, herding goats, or digging ditches. That, or give up eating. My son Justin and I returned yesterday from a four day class in timber framing at Camp McDowell down in Alabama. The Alabama Folk School there sponsored several Old Time music classes — guitar, mandolin, banjo, harmonica — and there were homesteading and timber framing classes. Now I know and openly admit that I’m nothing more than a natural born fool from Tennessee, but it ought to tell y’all how deep is the trouble that you and the whole world are in when nobody but a natural born fool from Tennessee can tell that all the bogus fixes the High and Mighty are pushing won’t work any better than a Zippo in a hurricane. Last week and week before everybody was just a-buying stocks like they had the future written out in advance, all based on Europe’s announcement they had a “fix.” I told y’all then, that was as good as it gets, and since then it’s only gotten worse. Now Italy is trying hard not to look like Greece, and Silvio Baloney is about to lose his grip on power. I’m here to tell you again, they ain’t fixed nothing, and ain’t going to, because the only course that truly will fix things is a DEBT JUBILEE, writing all that debt clean off, and the bankers won’t let them do that. Oh, they will eventually, but not until they made the whole world suffer and sweat blood. In the week I’ve been away (and a little more) the Dow Jones Industrial Average has lost all its November gains. Whoops — they were just so slippery we couldn’t hold on to ‘em! Today was worse. Dow lost 389.24 — 3.2% — to close at 11,780.94. (S&P500 closed down 46.82 or 3.67% at 1,2298.10.) Today’s colossal drop took the Dow below 11,850 support and WAAAY below its 200 day moving average at 11,975. Woe is stocks! Hard to paint any sort of Smiley Face over this. ‘Tisn’t yet clear whether the Dow will push one more lap (even yet) to 12,400 before it collapses, or it will merely collapse immediately. How can you tell? A close below 11,600 turns it down. Today the dollar index showed how much it appreciated the European troubles by rising a gargantuan 131.8 basis points (1.70%) to 77.892. The eurro has left behind one of the sorriest, nastiest looking charts you’ve ever thrown an eye over. Broke down out of the trading range in September, bottomed at 1.3164 in October, rose with great gaps to 1.4247 when the “fix” announcement was made, then gapped down again and fell back out of the trading range. Oh, did I forget to mention that the euro left behind a clear Island Reversal pattern? That’s a Kiss of Death with giant fangs and coral snake venom on its lips. If y’all are planning a European vacation, wait a while to buy your euros. You can probably get them for 1.2000. I think the Nice Government Men in Japan have broken the yen for a while. Closed today at 128.53c/Y100 (Y77.8/$), and shouldn’t make it through 129c. SPECIAL OFFER. I bought some one troy ounce .999 fine silver rounds that have passed through a housefire. They are not melted, but range from altogether black colored to only a few black spots. With spot silver at $33.90, I will sell these 513 one troy ounce silver rounds at a dollar less than spot, namely, $32.90 each. Before you buy, please understand EVERY SALE IS FINAL. Once you buy them, they are yours. I will BUY them back (at current spot less 10%), but will not take them back for exchange or replacement because I am telling you on the front end exactly what they are, so no later waffling, mind-changing, or “I forgot to tell Mama about this and she got mad when she found out and locked me in the garage.” You send me an email order, and you bought them, period. I have 513 one ounce .999 fine blackened silver rounds to sell at $32.90, and will sell them in minimum lots of One hundred (100) pieces. You can order lots in multiples of 100, or make an offer for the whole pile of 513. First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. Ordering Instructions: 1. You may order by e-mail only to . Your email MUST include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee. 2. Orders are on a first-come, first-served basis until supply is exhausted. 3. “First-come, first-served” means that we will enter the orders in the order that we receive them by email. 4. If your order is filled , we will email you a confirmation. If you do not receive a confirmation, you order was not filled. 5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours after we notify you that we entered your order. 6. We will allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you’ll see your order in about one month. 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.
The 6 Rules of Penny Stock Investing
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tdp2664 InvestorPlace Anyone can make a few bucks in stocks like Google or Microsoft, but to really hit home runs, you need to turn to penny stock investing and look for the unloved, the undiscovered and the misunderstood stocks. There is no shortage of companies priced under $3 per share, but to successfully take advantage of the abundance of opportunities, you need a penny stock investing plan. Here are six rules to follow when investing in penny stocks: Penny Stock Investing Rule #1 — Always Use Limit Orders By their nature, penny stocks are very thinly traded. As such, the deviation between the bid and the ask can be very large. Investors that use market orders can be manipulated by market makers looking to make a quick buck. The use of limit orders prevents the market maker from buying or selling at any price. In other words, buy or sell penny stocks on your terms, not the market makers’ terms. Penny Stock Investing Rule #2 — Trade During Regular Hours This rule goes hand-in-hand with limit orders. An absence of volume can result in after-hour trades that make little sense and most certainly do not represent an efficient match of buyer and seller. I’ve seen after-hours trades executed at prices well above or below the closing price in the market. With penny stocks, even a few pennies’ difference can make or break a trade. My advice is to stick to regular trading hours to elicit the most efficient trade. Penny Stock Investing Rule #3 — Don’t Chase Performance The biggest mistake I see investors make is to chase a trade. For whatever reason, some investors choose to buy only after a stock moves higher. When a stock takes off, these folks decide that the waters are safe to participate. Nothing could be further from the truth. In many cases, by the time you decide the water is safe, the opportunity is gone. Losses then follow. This effect can be magnified with penny stocks
Wednesday Apple Rumors — Kindle Fire Giving Would-Be iPad Buyers Pause
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tdp2664 InvestorPlace Here are your Apple rumors and AAPL stock news items for Wednesday: Kindle Fire Holds Back Potential iPad Customers: A new survey conducted by RBC Capital Markets and ChangeWave found that Amazon ‘s ( NASDAQ : AMZN ) new Kindle Fire tablet already is starting to impact Apple ( NASDAQ : AAPL ) iPad sales. According to an Apple Insider report detailing the survey results, 26% of the 2,600 respondents said that the Kindle Fire has caused them to delay purchasing the iPad . Five percent of respondents said they already had pre-ordered Amazon’s tablet or planned to purchase it soon. A similar survey conducted prior to the iPad 2′s release last March found that just 4% of respondents had already pre-ordered the device or planned to buy it in the near future. Adobe No Longer Making Flash Mobile: In a way, Apple won its war against Adobe ( NASDAQ : ADBE ) on Wednesday. The media-editing app maker announced via its official blog that it is ceasing development of its Flash media platform for mobile devices like those powered by Google ‘s (NASDAQ: GOOG ) Android operating system. The company will instead “more aggressively” develop resources for HTML5. Flash vice president Danny Winokur wrote that the universal support of the new web standard, which allows web app designers to build video and interactive content directly into a website, is the reason for the change. Apple famously barred Flash from working on its iOS devices like iPhone and iPad, pushing HTML5 instead. Apple is World’s N0. 4 Green Electronics Manufacturer: Greenpeace released its 2011 Guide to Greener Electronics and placed Apple as the No. 4 cleanest electronics maker on the planet , according to a Wednesday report at Fortune . This is a huge step up for Apple which, back in 2007, was second only to Panasonic (NYSE: PC ) as the dirtiest electronics manufacturer. Apple received accolades for its recycling programs and for meeting or exceeding Energy Star requirements . As of this writing, Anthony John Agnello did not own a position in any of the aforementioned stocks. Follow him on Twitter at
What HP’s Meg Whitman Can Do With WebOS
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tdp2664 InvestorPlace You’ve got to give Meg Whitman this: She isn’t one to pull punches. The Hewlett-Packard (NYSE: HPQ ) CEO told a room of HP and Palm employees on Tuesday that she flat-out doesn’t know what to do with the webOS operating system — the platform that was the lifeblood of Palm’s mobile phone business and, at one time, HP’s future in the tablet and smartphone game. A report at The Verge (via Venture Beat ) quoted Whitman: “It’s really important to me to make the right decision, not the fast decision.” What might the right decision be? Whitman made the company-defining decision to keep Hewlett-Packard in the PC business after she took over as CEO in September. Can she somehow transform the Palm and webOS business into something profitable rather than a $1.2 billion noose around HP’s neck ? Here are three options for the future of webOS: The Great Patent Sell-Off HP is known to be considering an everything-must-go fire sale of the webOS business. Reuters reported Monday that HP, under the advisement of Bank of America, was looking to sell off the entire operation to whoever was willing to pay — and for significantly cheaper than the $1.2 billion it paid for it last year. Software company Oracle ( NASDAQ : ORCL ) was said to be in the running . However, Whitman’s words on Tuesday suggest that a sale likely wouldn’t be immediate. Besides, HP might be better off selling webOS off in bits and pieces rather than as a package. Competitors Apple ( NASDAQ : AAPL ), Microsoft ( NASDAQ : MSFT ) and Google (NASDAQ: GOOG ) have spent billions snapping up mobile technology patents from companies like Nortel in the past year. If HP still plans a full exit from mobile, a patent selloff might be the best way to recover its losses. Go Budget HP already admitted in August that it was being hasty in announcing a full departure from the mobile business . The TouchPad tablet, the flagship device for webOS 3.0, began selling out at retailers once it hit the liquidation price of $99. Whitman also intimated on Tuesday that while tablets definitely are back on the table, HP is mulling over whether to re-enter the mobile phone game since “things get more complicated if you add in phones.” If there is any opportunity for HP to make an impact with webOS-based tablets and phones, it would be to make devices cheaper than nearly any other on the market. In other words, new $99 TouchPads and maybe even $49 non-contract smartphones marketed as stripped-down, durable, replaceable business tools. HP simply can’t compete with Apple, Google or even Microsoft if it tries to compete as a mobile ecosystem based around popular consumer support and app sales. Strength in Numbers With RIM Another rumored webOS buyer is Research In Motion (NASDAQ: RIMM ). The embattled BlackBerry maker, watching its share of the global smartphone market shrink by the day, probably doesn’t want to spend a large sum on another bench-warmer brand, though. It’s not that RIM wouldn’t want webOS’ technology — RIM was part of the Apple-led consortium that bought up those aforementioned Nortel patents for $4.5 billion — but since the company only has about $3 billion in cash right now, a full acquisition wouldn’t be right. A merger, however, might strengthen both companies. If RIM and HP decided to merge the BlackBerry and webOS businesses into a joint venture under the BlackBerry brand, they would have a markedly stronger base of technology on which to rebuild BlackBerry’s strength in the mobile market. As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at
Randgold Resources (GOLD) Trading Up 1.3%, But Put Volumes 2.5 Times Higher Than Usual
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gol2664 Negocioenlinea Randgold Resources ( GOLD ) Trading Up 1.3%, But Put Volumes 2.5 Times Higher Than Usual Market Intelligence Center – 1 hour ago Randgold Resources ( NASDAQ : GOLD ) opened at $117.64. So far today, the stock has hit a low of $117.40 and a high of $120.69. GOLD is now trading at $120.15, up $1.58 (1.33%). The stock hit its 52 … Notable Put Options Activity in Randgold Resources – Benzinga
Google Inc. (NASDAQ:GOOG) Makes Android Promise
Google Inc. (NASDAQ:GOOG) has promised to continue to offer Android OS for free
to its manufacturing partners. Google Inc. (NASDAQ:GOOG) Makes Android Promise
The online search company Google Inc. (NASDAQ:GOOG)'s chief executive officer
Eric Schmidt said that the company will continue to offer its Android operating
system for free to its mobile manufacturing partners. He refused Microsoft's
claims that Android violates its software patents and criticized Microsoft's
litigation against cellphone makers that are using Android. Schmidt said, "We
will run (Motorola) sufficiently independently so it will not violate the
openness of Android. Microsoft is not telling the truth on this issue, and they
are using tactics to scare people because they are scared of the success of
Android". Google Inc. (NASDAQ:GOOG) company shares are currently standing at
612.34. Price History Last Price: 612.34 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 551.17 6 Month Price Change %: 13.1% 12 Month Price Change
%: -2.7%
to its manufacturing partners. Google Inc. (NASDAQ:GOOG) Makes Android Promise
The online search company Google Inc. (NASDAQ:GOOG)'s chief executive officer
Eric Schmidt said that the company will continue to offer its Android operating
system for free to its mobile manufacturing partners. He refused Microsoft's
claims that Android violates its software patents and criticized Microsoft's
litigation against cellphone makers that are using Android. Schmidt said, "We
will run (Motorola) sufficiently independently so it will not violate the
openness of Android. Microsoft is not telling the truth on this issue, and they
are using tactics to scare people because they are scared of the success of
Android". Google Inc. (NASDAQ:GOOG) company shares are currently standing at
612.34. Price History Last Price: 612.34 52 Week Low / High: 473.02 / 642.96 50
Day Moving Average: 551.17 6 Month Price Change %: 13.1% 12 Month Price Change
%: -2.7%
Airlines’ Latest Lure: In-Flight Wi-Fi
With monster fuel bills and growing customer unrest over higher fares and
baggage fee hikes, airlines are desperately seeking value-added services that
passengers desire enough to pay for. Enter in-flight wireless Internet access,
or Wi-Fi. The idea is airline passengers particularly the industry's highly
coveted business travelers want to be just as connected at 35,000 feet as they
are on the ground. There's been rising growth of in-flight Wi-Fi over the past
year, both in passenger usage rates and the percentage of airline fleets where
wireless broadband service is available, according to market research firm
In-Stat. In fact, in-flight Wi-Fi revenues are forecast to exceed $1.5 billion
by 2015. That's great news for airlines like Delta (NYSE: DAL ), American
(NYSE: AMR ), US Airways (NYSE: LCC ), Southwest (NYSE: LUV ), JetBlue (NASDAQ:
JBLU ) and United Continental (NYSE: UAL ), all of which have been pressured by
razor-thin margins. While airline stocks have bounced in recent weeks, they
still are down on the year a good measure being the Guggenheim Airline ETF
(NYSE: FAA ), which is down more than 36%. Since Google (NASDAQ: GOOG )
subsidized Wi-Fi access onboard select Delta, Air Tran (now part of Southwest)
and Virgin America flights last holiday season, the share of passengers using
Wi-Fi has grown from 4% to 7%. Smartphones and tablets are becoming
passengers' devices of choice. In-flight providers also are rolling out new
passenger services like streaming video that could further boost revenue for the
industry. Most airlines that offer Wi-Fi price it at $11 to $49 for computer
devices and $4.95 to $19.95 for mobile devices, according to the Airport Wi-Fi
Guide. Southwest, however, has been promoting the service at a $5 introductory
price. But there's a battle brewing among in-flight Wi-Fi vendors. United
Continental has tapped Panasonic 's (NYSE: PC ) Avionics unit to install
satellite-based Wi-Fi on more than 300 aircraft in its domestic and
international fleets. Continental had not offered wireless Internet before the
merger, but United had used privately held Gogo LLC's Gogo air-to-ground
system. Gogo, which earlier this year raised $35 million in preparation for an
IPO , publicly criticized UAL last week for switching to Panasonic.
"United's announcement that they've selected Panasonic Avionics
Corporation is a disappointment," the company said on its website. "As the
leader in the domestic marketplace, with more than 1,200 commercial aircraft
installed, Gogo is the here and now, and we believe our current Air to Ground
service is superior in many ways to Ku satellite technologies." The
air-to-ground vs. satellite debate is not likely to end anytime soon. AirTran,
which uses Gogo, was the first U.S. airline to roll out Wi-Fi fleet-wide.
Southwest, which is completing its merger with AirTran, uses satellite-based
Wi-Fi from Row 44. Gogo still provides in-flight wireless service to American,
Delta, US Airways and Virgin America, while JetBlue is partnering with ViaSat to
deploy a broadband satellite-based system on its fleet beginning in 2012. Bottom
Line: If there's any reasonable way to enhance ancillary revenue particularly
without enraging passengers airlines are likely to give it a go. Consider that
even Amtrak is extending Wi-Fi availability to a dozen new markets . And if
Wi-Fi becomes another thing about a train that's magic, it might shift the
competitive playing field just enough to make in-flight Wi-Fi a necessity
instead of a novelty. As of this writing, Susan J. Aluise did not own a position
in any of the aforementioned stocks.
baggage fee hikes, airlines are desperately seeking value-added services that
passengers desire enough to pay for. Enter in-flight wireless Internet access,
or Wi-Fi. The idea is airline passengers particularly the industry's highly
coveted business travelers want to be just as connected at 35,000 feet as they
are on the ground. There's been rising growth of in-flight Wi-Fi over the past
year, both in passenger usage rates and the percentage of airline fleets where
wireless broadband service is available, according to market research firm
In-Stat. In fact, in-flight Wi-Fi revenues are forecast to exceed $1.5 billion
by 2015. That's great news for airlines like Delta (NYSE: DAL ), American
(NYSE: AMR ), US Airways (NYSE: LCC ), Southwest (NYSE: LUV ), JetBlue (NASDAQ:
JBLU ) and United Continental (NYSE: UAL ), all of which have been pressured by
razor-thin margins. While airline stocks have bounced in recent weeks, they
still are down on the year a good measure being the Guggenheim Airline ETF
(NYSE: FAA ), which is down more than 36%. Since Google (NASDAQ: GOOG )
subsidized Wi-Fi access onboard select Delta, Air Tran (now part of Southwest)
and Virgin America flights last holiday season, the share of passengers using
Wi-Fi has grown from 4% to 7%. Smartphones and tablets are becoming
passengers' devices of choice. In-flight providers also are rolling out new
passenger services like streaming video that could further boost revenue for the
industry. Most airlines that offer Wi-Fi price it at $11 to $49 for computer
devices and $4.95 to $19.95 for mobile devices, according to the Airport Wi-Fi
Guide. Southwest, however, has been promoting the service at a $5 introductory
price. But there's a battle brewing among in-flight Wi-Fi vendors. United
Continental has tapped Panasonic 's (NYSE: PC ) Avionics unit to install
satellite-based Wi-Fi on more than 300 aircraft in its domestic and
international fleets. Continental had not offered wireless Internet before the
merger, but United had used privately held Gogo LLC's Gogo air-to-ground
system. Gogo, which earlier this year raised $35 million in preparation for an
IPO , publicly criticized UAL last week for switching to Panasonic.
"United's announcement that they've selected Panasonic Avionics
Corporation is a disappointment," the company said on its website. "As the
leader in the domestic marketplace, with more than 1,200 commercial aircraft
installed, Gogo is the here and now, and we believe our current Air to Ground
service is superior in many ways to Ku satellite technologies." The
air-to-ground vs. satellite debate is not likely to end anytime soon. AirTran,
which uses Gogo, was the first U.S. airline to roll out Wi-Fi fleet-wide.
Southwest, which is completing its merger with AirTran, uses satellite-based
Wi-Fi from Row 44. Gogo still provides in-flight wireless service to American,
Delta, US Airways and Virgin America, while JetBlue is partnering with ViaSat to
deploy a broadband satellite-based system on its fleet beginning in 2012. Bottom
Line: If there's any reasonable way to enhance ancillary revenue particularly
without enraging passengers airlines are likely to give it a go. Consider that
even Amtrak is extending Wi-Fi availability to a dozen new markets . And if
Wi-Fi becomes another thing about a train that's magic, it might shift the
competitive playing field just enough to make in-flight Wi-Fi a necessity
instead of a novelty. As of this writing, Susan J. Aluise did not own a position
in any of the aforementioned stocks.
The Gold Price Met My Target Yesterday With a High of $1,802.73
Gold Price Close Today : 1790.90 Change : (7.50) or -0.4% Silver Price Close
Today : 3434.8 Change : (78.9) cents or -2.2% Gold Silver Ratio Today : 52.140
Change : 0.957 or 1.9% Silver Gold Ratio Today : 0.01918 Change : -0.000359 or
-1.8% Platinum Price Close Today : 1628.40 Change : -33.70 or -2.0% Palladium
Price Close Today : 645.00 Change : -27.35 or -4.1% S&P 500 : 1,229.10 Change :
-46.82 or -3.7% Dow In GOLD$ : $135.98 Change : $ (3.89) or -2.8% Dow in GOLD oz
: 6.578 Change : -0.188 or -2.8% Dow in SILVER oz : 342.99 Change : -3.38 or
-1.0% Dow Industrial : 11,780.94 Change : -389.24 or -3.2% US Dollar Index :
77.89 Change : 1.318 or 1.7% The GOLD PRICE has had a week to fulfill my
suspicions that a rally was coming, and during that time fulfilled my $1,800
target -- high yesterday was $1,802.73, high today was $1,799.50. Comex GOLD
PRICE today lost $7.50 to $1,790.90. Now we have reached Fish or Cut Bait time,
but the GOLD PRICE fall today still doesn't make perfectly clear its intentions.
If it were aiming to cut through $1,800, then it might just pull back and squat
down before it made the dash, and that might explain today. On the other hand,
if it falls through $1,750 tomorrow and moves toward $1,705, gold's liable to
have vertigo problems, including stumbling and falling. Only a close below
$1,650 would invite serious worry and nail-biting. Of course, it's hard, hard to
picture how a bank solvency crisis in Europe would drive gold DOWN, unless the
whole world is dumber than Ben Bernanke. I'm turning ugly, so I better turn to
silver. With less enthusiasm than gold, the SILVER PRICE rallied in the last
week, but today with a 3382c low gave up all those gains, falling today from a
3507c high to close Comex at 3434.8c, down 78.9c (2.24%). Not much to argue
about here. Should the SILVER PRICE fall through that trap door over the
elevator shaft at 3400c, next place it would land about the 20 DMA at 3325c. I
wrote last Thursday that the market was beginning to persuade me that bottoms in
silver and gold had already occurred. By failing to pass above $1,800, gold has
left that question open. It will remain open until gold either closes over
$1,800, or below $1,700. I'm telling y'all, long as the world's racing this way
downhill into the ditch, y'all better start working on some marketable skills
like gardening, milking, herding goats, or digging ditches. That, or give up
eating. My son Justin and I returned yesterday from a four day class in timber
framing at Camp McDowell down in Alabama. The Alabama Folk School there
sponsored several Old Time music classes -- guitar, mandolin, banjo, harmonica
-- and there were homesteading and timber framing classes. Now I know and openly
admit that I'm nothing more than a natural born fool from Tennessee, but it
ought to tell y'all how deep is the trouble that you and the whole world are in
when nobody but a natural born fool from Tennessee can tell that all the bogus
fixes the High and Mighty are pushing won't work any better than a Zippo in a
hurricane. Last week and week before everybody was just a-buying stocks like
they had the future written out in advance, all based on Europe's announcement
they had a "fix." I told y'all then, that was as good as it gets, and since then
it's only gotten worse. Now Italy is trying hard not to look like Greece, and
Silvio Baloney is about to lose his grip on power. I'm here to tell you again,
they ain't fixed nothing, and ain't going to, because the only course that truly
will fix things is a DEBT JUBILEE, writing all that debt clean off, and the
bankers won't let them do that. Oh, they will eventually, but not until they
made the whole world suffer and sweat blood. In the week I've been away (and a
little more) the Dow Jones Industrial Average has lost all its November gains.
Whoops -- they were just so slippery we couldn't hold on to 'em! Today was
worse. Dow lost 389.24 -- 3.2% -- to close at 11,780.94. (S&P500 closed down
46.82 or 3.67% at 1,2298.10.) Today's colossal drop took the Dow below 11,850
support and WAAAY below its 200 day moving average at 11,975. Woe is stocks!
Hard to paint any sort of Smiley Face over this. 'Tisn't yet clear whether the
Dow will push one more lap (even yet) to 12,400 before it collapses, or it will
merely collapse immediately. How can you tell? A close below 11,600 turns it
down. Today the dollar index showed how much it appreciated the European
troubles by rising a gargantuan 131.8 basis points (1.70%) to 77.892. The eurro
has left behind one of the sorriest, nastiest looking charts you've ever thrown
an eye over. Broke down out of the trading range in September, bottomed at
1.3164 in October, rose with great gaps to 1.4247 when the "fix" announcement
was made, then gapped down again and fell back out of the trading range. Oh, did
I forget to mention that the euro left behind a clear Island Reversal pattern?
That's a Kiss of Death with giant fangs and coral snake venom on its lips. If
y'all are planning a European vacation, wait a while to buy your euros. You can
probably get them for 1.2000. I think the Nice Government Men in Japan have
broken the yen for a while. Closed today at 128.53c/Y100 (Y77.8/$), and
shouldn't make it through 129c. SPECIAL OFFER. I bought some one troy ounce .999
fine silver rounds that have passed through a housefire. They are not melted,
but range from altogether black colored to only a few black spots. With spot
silver at $33.90, I will sell these 513 one troy ounce silver rounds at a dollar
less than spot, namely, $32.90 each. Before you buy, please understand EVERY
SALE IS FINAL. Once you buy them, they are yours. I will BUY them back (at
current spot less 10%), but will not take them back for exchange or replacement
because I am telling you on the front end exactly what they are, so no later
waffling, mind-changing, or "I forgot to tell Mama about this and she got mad
when she found out and locked me in the garage." You send me an email order, and
you bought them, period. I have 513 one ounce .999 fine blackened silver rounds
to sell at $32.90, and will sell them in minimum lots of One hundred (100)
pieces. You can order lots in multiples of 100, or make an offer for the whole
pile of 513. First come, first served, and no re-orders at these prices. I will
write orders based on the time I receive your e-mail. Ordering Instructions: 1.
You may order by e-mail only to . Your email MUST include your complete name,
address, and phone number. We cannot ship to you without your address. Sorry, we
cannot ship outside the United States or to Tennessee. 2. Orders are on a
first-come, first-served basis until supply is exhausted. 3. "First-come,
first-served" means that we will enter the orders in the order that we receive
them by email. 4. If your order is filled , we will email you a confirmation. If
you do not receive a confirmation, you order was not filled. 5. You will need to
send payment by personal check or bank wire (either one is fine) within 48
hours. It just needs to be in the mail, not in our hands, in 48 hours after we
notify you that we entered your order. 6. We will allow fourteen (14) days for
personal checks to clear before we ship. If your hurry is greater than that, you
can send a bank wire. Once we ship, the post office takes four to fourteen days
to get the registered mail package to you. All in all, you'll see your order in
about one month. 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$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Today : 3434.8 Change : (78.9) cents or -2.2% Gold Silver Ratio Today : 52.140
Change : 0.957 or 1.9% Silver Gold Ratio Today : 0.01918 Change : -0.000359 or
-1.8% Platinum Price Close Today : 1628.40 Change : -33.70 or -2.0% Palladium
Price Close Today : 645.00 Change : -27.35 or -4.1% S&P 500 : 1,229.10 Change :
-46.82 or -3.7% Dow In GOLD$ : $135.98 Change : $ (3.89) or -2.8% Dow in GOLD oz
: 6.578 Change : -0.188 or -2.8% Dow in SILVER oz : 342.99 Change : -3.38 or
-1.0% Dow Industrial : 11,780.94 Change : -389.24 or -3.2% US Dollar Index :
77.89 Change : 1.318 or 1.7% The GOLD PRICE has had a week to fulfill my
suspicions that a rally was coming, and during that time fulfilled my $1,800
target -- high yesterday was $1,802.73, high today was $1,799.50. Comex GOLD
PRICE today lost $7.50 to $1,790.90. Now we have reached Fish or Cut Bait time,
but the GOLD PRICE fall today still doesn't make perfectly clear its intentions.
If it were aiming to cut through $1,800, then it might just pull back and squat
down before it made the dash, and that might explain today. On the other hand,
if it falls through $1,750 tomorrow and moves toward $1,705, gold's liable to
have vertigo problems, including stumbling and falling. Only a close below
$1,650 would invite serious worry and nail-biting. Of course, it's hard, hard to
picture how a bank solvency crisis in Europe would drive gold DOWN, unless the
whole world is dumber than Ben Bernanke. I'm turning ugly, so I better turn to
silver. With less enthusiasm than gold, the SILVER PRICE rallied in the last
week, but today with a 3382c low gave up all those gains, falling today from a
3507c high to close Comex at 3434.8c, down 78.9c (2.24%). Not much to argue
about here. Should the SILVER PRICE fall through that trap door over the
elevator shaft at 3400c, next place it would land about the 20 DMA at 3325c. I
wrote last Thursday that the market was beginning to persuade me that bottoms in
silver and gold had already occurred. By failing to pass above $1,800, gold has
left that question open. It will remain open until gold either closes over
$1,800, or below $1,700. I'm telling y'all, long as the world's racing this way
downhill into the ditch, y'all better start working on some marketable skills
like gardening, milking, herding goats, or digging ditches. That, or give up
eating. My son Justin and I returned yesterday from a four day class in timber
framing at Camp McDowell down in Alabama. The Alabama Folk School there
sponsored several Old Time music classes -- guitar, mandolin, banjo, harmonica
-- and there were homesteading and timber framing classes. Now I know and openly
admit that I'm nothing more than a natural born fool from Tennessee, but it
ought to tell y'all how deep is the trouble that you and the whole world are in
when nobody but a natural born fool from Tennessee can tell that all the bogus
fixes the High and Mighty are pushing won't work any better than a Zippo in a
hurricane. Last week and week before everybody was just a-buying stocks like
they had the future written out in advance, all based on Europe's announcement
they had a "fix." I told y'all then, that was as good as it gets, and since then
it's only gotten worse. Now Italy is trying hard not to look like Greece, and
Silvio Baloney is about to lose his grip on power. I'm here to tell you again,
they ain't fixed nothing, and ain't going to, because the only course that truly
will fix things is a DEBT JUBILEE, writing all that debt clean off, and the
bankers won't let them do that. Oh, they will eventually, but not until they
made the whole world suffer and sweat blood. In the week I've been away (and a
little more) the Dow Jones Industrial Average has lost all its November gains.
Whoops -- they were just so slippery we couldn't hold on to 'em! Today was
worse. Dow lost 389.24 -- 3.2% -- to close at 11,780.94. (S&P500 closed down
46.82 or 3.67% at 1,2298.10.) Today's colossal drop took the Dow below 11,850
support and WAAAY below its 200 day moving average at 11,975. Woe is stocks!
Hard to paint any sort of Smiley Face over this. 'Tisn't yet clear whether the
Dow will push one more lap (even yet) to 12,400 before it collapses, or it will
merely collapse immediately. How can you tell? A close below 11,600 turns it
down. Today the dollar index showed how much it appreciated the European
troubles by rising a gargantuan 131.8 basis points (1.70%) to 77.892. The eurro
has left behind one of the sorriest, nastiest looking charts you've ever thrown
an eye over. Broke down out of the trading range in September, bottomed at
1.3164 in October, rose with great gaps to 1.4247 when the "fix" announcement
was made, then gapped down again and fell back out of the trading range. Oh, did
I forget to mention that the euro left behind a clear Island Reversal pattern?
That's a Kiss of Death with giant fangs and coral snake venom on its lips. If
y'all are planning a European vacation, wait a while to buy your euros. You can
probably get them for 1.2000. I think the Nice Government Men in Japan have
broken the yen for a while. Closed today at 128.53c/Y100 (Y77.8/$), and
shouldn't make it through 129c. SPECIAL OFFER. I bought some one troy ounce .999
fine silver rounds that have passed through a housefire. They are not melted,
but range from altogether black colored to only a few black spots. With spot
silver at $33.90, I will sell these 513 one troy ounce silver rounds at a dollar
less than spot, namely, $32.90 each. Before you buy, please understand EVERY
SALE IS FINAL. Once you buy them, they are yours. I will BUY them back (at
current spot less 10%), but will not take them back for exchange or replacement
because I am telling you on the front end exactly what they are, so no later
waffling, mind-changing, or "I forgot to tell Mama about this and she got mad
when she found out and locked me in the garage." You send me an email order, and
you bought them, period. I have 513 one ounce .999 fine blackened silver rounds
to sell at $32.90, and will sell them in minimum lots of One hundred (100)
pieces. You can order lots in multiples of 100, or make an offer for the whole
pile of 513. First come, first served, and no re-orders at these prices. I will
write orders based on the time I receive your e-mail. Ordering Instructions: 1.
You may order by e-mail only to . Your email MUST include your complete name,
address, and phone number. We cannot ship to you without your address. Sorry, we
cannot ship outside the United States or to Tennessee. 2. Orders are on a
first-come, first-served basis until supply is exhausted. 3. "First-come,
first-served" means that we will enter the orders in the order that we receive
them by email. 4. If your order is filled , we will email you a confirmation. If
you do not receive a confirmation, you order was not filled. 5. You will need to
send payment by personal check or bank wire (either one is fine) within 48
hours. It just needs to be in the mail, not in our hands, in 48 hours after we
notify you that we entered your order. 6. We will allow fourteen (14) days for
personal checks to clear before we ship. If your hurry is greater than that, you
can send a bank wire. Once we ship, the post office takes four to fourteen days
to get the registered mail package to you. All in all, you'll see your order in
about one month. 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.
Amylin Stumbles After Lilly Pulls Partnership Plug
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Given the merry-go-round of announcements generated daily by the pharmaceutical industry, investors' heads must spin trying to determine those developments that are going to make a meaningful impact on a company's share price and prospects. On
Dow Tumbles 400 Points, Gold Sector Turns Lower
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 U.S. markets extended their losses Wednesday afternoon as escalating sovereign debt worries in Italy and Greece put significant pressure on equities and cyclical commodities. The Dow Jones Industrial Average ( DJIA ) tumbled as much as 408.69 points, or 3.4%, to 11,761.49 as of 2:15pm ET – marking its worst day since a 3.5% plunge on September 22. Risk aversion turned sharply higher, with the CBOE Volatility Index (VIX) surging 31.0% to 35.99. The gold sector held up particularly well this morning despite broad-based weakness in stocks and commodities, but succumbed to the selling pressure this afternoon, albeit modestly.
Italy Crisis Pounds U.S. Markets — Wednesday’s IP Market Recap
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Whatever positivity was gained by Tuesday's resignation announcement of Italian Prime Minister Silvio Berlusconi was thrown right out the window Wednesday. U.S. and European markets alike were sent reeling Wednesday as Berlusconi's insistence on elections, rather than an interim government, threatened national economic reform, sending the yield on the Italian 10-year bond past the 7% point — a mark that prompted similar worries for Greece, Ireland and Portugal. Later in the afternoon, after American indices began to flatten out, EU officials announced that a bailout of Italy wasn't forthcoming. The Dow Jones finished down 389.24 points, or about 3.2%, and the S&P tumbled about 46.82 points, or nearly 3.7%. The European Central Bank began buying up scores of Italian bonds to soften the situation, but Italy's lack of a debt solution had traders selling furiously through the day's end. The euro zone's continued free fall into economic chaos had German Chancellor Angela Merkel calling for deep reforms throughout Europe. The fallout in stocks was significant. HSBC (NYSE: HBC ) had the misfortune of reporting ghastly earnings before a dreadful trading day. HSBC not only announced a 36% drop in third-quarter adjusted profits , but it warned it might have to leave the U.K. over a possible $2.5 billion annual hit from new regulations. HSBC's stock dropped about 9% almost immediately and never recovered, ending at $39.99. But even strong earnings reports weren't enough to stem the Italian tide. General Motors (NYSE: GM ) reported EPS of $1.03 on Wednesday , a drop from a year ago but a seven-cent beat of analyst expectations, and its revenues of $36.7 billion were right on target. GM's reward? A nearly 11% haircut, with GM stock at $22.31 by day's end. Unsurprisingly, other foreign financials were shredded Wednesday, with ING Group (NYSE: ING , $7.49), Barclays (NYSE: BCS , $10.71), Royal Bank of Scotland (NYSE: RBS , $6.59) and Deutsche Bank (NYSE: DB , $36.13) all eating losses of 10% or more. Three Up Barnes & Noble (NYSE: BKS ): Up 13.72% ($1.65) to $13.68. SodaStream International ( NASDAQ : SODA ): Up 5.63% ($1.92) to $36.03. Best Buy (NYSE: BBY ): Up 1.42% (38 cents) to $27.22. Three Down Rovi Corp. ( NASDAQ : ROVI ): Down 38.66% ($17.79) to $28.23. Sina Corp. ( NASDAQ : SINA ): Down 10.86% ($9.44) to $77.50. Alpha Natural Resources (NYSE: ANR ): Down 9.72% ($2.79) to $25.91. 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 .
Notable News on Chinese Stocks: BIDU, DANG, RENN (November 9, 2011)
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tdp2664 China Analyst Below is the latest notable news on U.S.-listed Chinese stocks. Baidu.com, Inc. (NASDAQ:BIDU) confirms acquisition of photo apps developer PhotoWonder, reports Chinabyte.com. PhotoWonder is an app for editing pictures on mobile phones. Its Android version has a high rating of 4.3 based on votes by 39,970 users. Hesong Tang, an executive at Baidu, told reporters that the company is willing to invest or acquire more start-up teams with accurate understanding of user demand and strong innovative ability. E Commerce China Dangdang Inc (NYSE:DANG) plans to build 100,000-square-meter logistics center to cover mid-west China, reports Chengdu.cn. The plan was mentioned by Dangdang CEO Guoqing Li at the 2011 China Online Retail Annual Conference. The logistics center will be built at a city with solid infrastructures. Mr. Li also told reporters that Dangdang will speed up its initiatives in second-hand and digital books. Dangdang recently purchased a large piece of land in Tianjin, where it plans to build its largest fulfillment operations center in China. Renren Inc (NYSE:RENN) partners with HTC to launch a social networking cell phone, reports Tech.sina.com.cn. Yizhou Chen, CEO of Renren, says that this partnership will increase the stickiness of Renren.com's users. He also believes the “smart devices+social networking services” model will help the further integration of China's mobile communications industry chain. In addition, Mirae Asset Securities reiterates Buy rating on Renren Inc (NYSE:RENN), and cuts price target from $6.5 to $6.
Events in Europe Share Eerie Resemblance to 2007-08 U.S. Mortgage Crisis
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tdp2664 InvestorPlace Is there another 2008 in our future? Not yet. But the slow-mo train wreck in Europe should give pause to even the sturdiest optimist. Greece still hasn’t stabilized its finances, and now the sovereign-debt “contagion” is quietly spreading to Italy. Yes, I’m aware that Italian Prime Minister Silvio Berlusconi has promised to resign. Assuming he actually follows through, and a respectable figure (like veteran EU bureaucrat Mario Monti) replaces him, we can expect another leg up for the year-end rally in global stock markets. However, the flow of events in Europe is starting to take on an eerie resemblance to what we saw in the United States as the mortgage crisis unfolded in late 2007 and early 2008. Policymakers tried to stick one patch after another on the deflating balloon. In the end, the market got its own way. Already, it’s clear that the European economy, taken as a whole, is in recession. The October Purchasing Managers Index for Europe’s manufacturing sector sank to 47.1, the lowest reading since mid-2009. Any number below 50 indicates contraction. What we don’t know yet is how much of a spillover effect the European slowdown will have on America’s economic growth. If we’re lucky, the United States will skirt the slump and plod through a year of subpar growth in 2012, much as we did in 1992 — when Europe last put a major drag on the world economy. In that case, I would envision modestly positive (single-digit) returns for domestic stocks next year. On the other hand, a messy outcome in Italy could signal deeper problems for Europe. A sharp slide in economic activity across the Atlantic might, in turn, trigger a double-dip recession (and bear market for stocks) on our own shores. The key barometer to watch now is the yield on 10-year Italian government bonds. You can track it easily here . On Tuesday, the Italian tenner spiked as high as 6.77%, a new record since the euro era began in 1999. On Wednesday, the 10-year yield jumped above 7%. Sound the plague bell: Beware the ragin’ contagion! For now, my road map suggests that the stock market ’s bounce off the October lows should continue at least into the first half of December. Probably, though, the S&P 500 already has bagged about two-thirds to three-quarters of the total point gain the index will achieve through year-end. Thus, I advise you to be very selective with any new buying at this stage, and to exit vulnerable stocks and mutual funds as the market rebounds. On the buy side, my appetite is returning for Kellogg (NYSE: K ). Last week, the cereal maker came in with a soggy Q3 earnings report and lowered its forecast for 2012, citing additional “brand building” costs (for product extensions, advertising and promotion) in the year ahead. While this clearly is a short-term setback for Tony the Tiger, profits still should touch a new all-time high (by a small margin) in both 2011 and 2012. Boasting a 3.4% yield at Tuesday's closing price, the shares offer good current income as well as potential capital gains as Kellogg’s investments to develop the business pay off over the next few years.
Italy Crisis Pounds U.S. Markets — Wednesday’s IP Market Recap
Whatever positivity was gained by Tuesday's resignation announcement of
Italian Prime Minister Silvio Berlusconi was thrown right out the window
Wednesday. U.S. and European markets alike were sent reeling Wednesday as
Berlusconi's insistence on elections, rather than an interim government,
threatened national economic reform, sending the yield on the Italian 10-year
bond past the 7% point a mark that prompted similar worries for Greece, Ireland
and Portugal. Later in the afternoon, after American indices began to flatten
out, EU officials announced that a bailout of Italy wasn't forthcoming. The
Dow Jones finished down 389.24 points, or about 3.2%, and the S&P tumbled about
46.82 points, or nearly 3.7%. The European Central Bank began buying up scores
of Italian bonds to soften the situation, but Italy's lack of a debt solution
had traders selling furiously through the day's end. The euro zone's
continued free fall into economic chaos had German Chancellor Angela Merkel
calling for deep reforms throughout Europe. The fallout in stocks was
significant. HSBC (NYSE: HBC ) had the misfortune of reporting ghastly earnings
before a dreadful trading day. HSBC not only announced a 36% drop in
third-quarter adjusted profits , but it warned it might have to leave the U.K.
over a possible $2.5 billion annual hit from new regulations. HSBC's stock
dropped about 9% almost immediately and never recovered, ending at $39.99. But
even strong earnings reports weren't enough to stem the Italian tide. General
Motors (NYSE: GM ) reported EPS of $1.03 on Wednesday , a drop from a year ago
but a seven-cent beat of analyst expectations, and its revenues of $36.7 billion
were right on target. GM's reward? A nearly 11% haircut, with GM stock at
$22.31 by day's end. Unsurprisingly, other foreign financials were shredded
Wednesday, with ING Group (NYSE: ING , $7.49), Barclays (NYSE: BCS , $10.71),
Royal Bank of Scotland (NYSE: RBS , $6.59) and Deutsche Bank (NYSE: DB , $36.13)
all eating losses of 10% or more. Three Up Barnes & Noble (NYSE: BKS ): Up
13.72% ($1.65) to $13.68. SodaStream International (NASDAQ: SODA ): Up 5.63%
($1.92) to $36.03. Best Buy (NYSE: BBY ): Up 1.42% (38 cents) to $27.22. Three
Down Rovi Corp. (NASDAQ: ROVI ): Down 38.66% ($17.79) to $28.23. Sina Corp.
(NASDAQ: SINA ): Down 10.86% ($9.44) to $77.50. Alpha Natural Resources (NYSE:
ANR ): Down 9.72% ($2.79) to $25.91. 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 .
Italian Prime Minister Silvio Berlusconi was thrown right out the window
Wednesday. U.S. and European markets alike were sent reeling Wednesday as
Berlusconi's insistence on elections, rather than an interim government,
threatened national economic reform, sending the yield on the Italian 10-year
bond past the 7% point a mark that prompted similar worries for Greece, Ireland
and Portugal. Later in the afternoon, after American indices began to flatten
out, EU officials announced that a bailout of Italy wasn't forthcoming. The
Dow Jones finished down 389.24 points, or about 3.2%, and the S&P tumbled about
46.82 points, or nearly 3.7%. The European Central Bank began buying up scores
of Italian bonds to soften the situation, but Italy's lack of a debt solution
had traders selling furiously through the day's end. The euro zone's
continued free fall into economic chaos had German Chancellor Angela Merkel
calling for deep reforms throughout Europe. The fallout in stocks was
significant. HSBC (NYSE: HBC ) had the misfortune of reporting ghastly earnings
before a dreadful trading day. HSBC not only announced a 36% drop in
third-quarter adjusted profits , but it warned it might have to leave the U.K.
over a possible $2.5 billion annual hit from new regulations. HSBC's stock
dropped about 9% almost immediately and never recovered, ending at $39.99. But
even strong earnings reports weren't enough to stem the Italian tide. General
Motors (NYSE: GM ) reported EPS of $1.03 on Wednesday , a drop from a year ago
but a seven-cent beat of analyst expectations, and its revenues of $36.7 billion
were right on target. GM's reward? A nearly 11% haircut, with GM stock at
$22.31 by day's end. Unsurprisingly, other foreign financials were shredded
Wednesday, with ING Group (NYSE: ING , $7.49), Barclays (NYSE: BCS , $10.71),
Royal Bank of Scotland (NYSE: RBS , $6.59) and Deutsche Bank (NYSE: DB , $36.13)
all eating losses of 10% or more. Three Up Barnes & Noble (NYSE: BKS ): Up
13.72% ($1.65) to $13.68. SodaStream International (NASDAQ: SODA ): Up 5.63%
($1.92) to $36.03. Best Buy (NYSE: BBY ): Up 1.42% (38 cents) to $27.22. Three
Down Rovi Corp. (NASDAQ: ROVI ): Down 38.66% ($17.79) to $28.23. Sina Corp.
(NASDAQ: SINA ): Down 10.86% ($9.44) to $77.50. Alpha Natural Resources (NYSE:
ANR ): Down 9.72% ($2.79) to $25.91. 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 .
Microsoft Corporation (NASDAQ:MSFT) Rolling Out New Partnerships
Microsoft Corporation (NASDAQ:MSFT) has announced partnerships to support
educators around the world. Microsoft Corporation (NASDAQ:MSFT) Rolling Out New
Partnerships Microsoft Corporation (NASDAQ:MSFT) has collaborated with the U.S.
Department of Education, the British Council and the Smithsonian Institution to
inspire, support and train educators around the globe. Educators from more than
70 countries gathered at the Microsoft Corporation (NASDAQ:MSFT) 2011 Partners
in Learning Global Forum to celebrate innovative uses of technology in the
classroom. Microsoft Corporation (NASDAQ:MSFT) and the U.S. Department of
Education will support a campaign aimed at inspiring and recruiting young people
to enter the teaching profession. In the five-year partnership with the British
Council Microsoft Corporation (NASDAQ:MSFT) will help to increase quality and
access in education and training around the world. Anthony Salcito, vice
president of education at Microsoft Corporation (NASDAQ:MSFT), said that, The
Partners in Learning program is one of the many investments Microsoft
Corporation (NASDAQ:MSFT) is making to help educators more effectively prepare
our students for the jobs of tomorrow. At Microsoft Corporation (NASDAQ:MSFT),
we believe that magic happens when business needs merge with social
responsibility, and in an increasingly competitive global economy, bringing
together organizations that are equally passionate about education can be a
successful formula for preparing the next generation of leaders". Microsoft
Corp. (NASDAQ:MSFT) stocks are currently standing at 27.16. Price History Last
Price: 27.16 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.33 6
Month Price Change %: 3.8% 12 Month Price Change %: -0.2%
educators around the world. Microsoft Corporation (NASDAQ:MSFT) Rolling Out New
Partnerships Microsoft Corporation (NASDAQ:MSFT) has collaborated with the U.S.
Department of Education, the British Council and the Smithsonian Institution to
inspire, support and train educators around the globe. Educators from more than
70 countries gathered at the Microsoft Corporation (NASDAQ:MSFT) 2011 Partners
in Learning Global Forum to celebrate innovative uses of technology in the
classroom. Microsoft Corporation (NASDAQ:MSFT) and the U.S. Department of
Education will support a campaign aimed at inspiring and recruiting young people
to enter the teaching profession. In the five-year partnership with the British
Council Microsoft Corporation (NASDAQ:MSFT) will help to increase quality and
access in education and training around the world. Anthony Salcito, vice
president of education at Microsoft Corporation (NASDAQ:MSFT), said that, The
Partners in Learning program is one of the many investments Microsoft
Corporation (NASDAQ:MSFT) is making to help educators more effectively prepare
our students for the jobs of tomorrow. At Microsoft Corporation (NASDAQ:MSFT),
we believe that magic happens when business needs merge with social
responsibility, and in an increasingly competitive global economy, bringing
together organizations that are equally passionate about education can be a
successful formula for preparing the next generation of leaders". Microsoft
Corp. (NASDAQ:MSFT) stocks are currently standing at 27.16. Price History Last
Price: 27.16 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.33 6
Month Price Change %: 3.8% 12 Month Price Change %: -0.2%
What HP’s Meg Whitman Can Do With WebOS
Youve got to give Meg Whitman this: She isnt one to pull punches. The
Hewlett-Packard (NYSE: HPQ ) CEO told a room of HP and Palm employees on Tuesday
that she flat-out doesnt know what to do with the webOS operating system the
platform that was the lifeblood of Palms mobile phone business and, at one time,
HPs future in the tablet and smartphone game. A report at The Verge (via Venture
Beat ) quoted Whitman: Its really important to me to make the right decision,
not the fast decision. What might the right decision be? Whitman made the
company-defining decision to keep Hewlett-Packard in the PC business after she
took over as CEO in September. Can she somehow transform the Palm and webOS
business into something profitable rather than a $1.2 billion noose around HPs
neck ? Here are three options for the future of webOS: The Great Patent Sell-Off
HP is known to be considering an everything-must-go fire sale of the webOS
business. Reuters reported Monday that HP, under the advisement of Bank of
America, was looking to sell off the entire operation to whoever was willing to
pay and for significantly cheaper than the $1.2 billion it paid for it last
year. Software company Oracle (NASDAQ: ORCL ) was said to be in the running .
However, Whitmans words on Tuesday suggest that a sale likely wouldnt be
immediate. Besides, HP might be better off selling webOS off in bits and pieces
rather than as a package. Competitors Apple (NASDAQ: AAPL ), Microsoft (NASDAQ:
MSFT ) and Google (NASDAQ: GOOG ) have spent billions snapping up mobile
technology patents from companies like Nortel in the past year. If HP still
plans a full exit from mobile, a patent selloff might be the best way to recover
its losses. Go Budget HP already admitted in August that it was being hasty in
announcing a full departure from the mobile business . The TouchPad tablet, the
flagship device for webOS 3.0, began selling out at retailers once it hit the
liquidation price of $99. Whitman also intimated on Tuesday that while tablets
definitely are back on the table, HP is mulling over whether to re-enter the
mobile phone game since things get more complicated if you add in phones. If
there is any opportunity for HP to make an impact with webOS-based tablets and
phones, it would be to make devices cheaper than nearly any other on the market.
In other words, new $99 TouchPads and maybe even $49 non-contract smartphones
marketed as stripped-down, durable, replaceable business tools. HP simply cant
compete with Apple, Google or even Microsoft if it tries to compete as a mobile
ecosystem based around popular consumer support and app sales. Strength in
Numbers With RIM Another rumored webOS buyer is Research In Motion (NASDAQ: RIMM
). The embattled BlackBerry maker, watching its share of the global smartphone
market shrink by the day, probably doesnt want to spend a large sum on another
bench-warmer brand, though. Its not that RIM wouldnt want webOS technology RIM
was part of the Apple-led consortium that bought up those aforementioned Nortel
patents for $4.5 billion but since the company only has about $3 billion in
cash right now, a full acquisition wouldnt be right. A merger, however, might
strengthen both companies. If RIM and HP decided to merge the BlackBerry and
webOS businesses into a joint venture under the BlackBerry brand, they would
have a markedly stronger base of technology on which to rebuild BlackBerrys
strength in the mobile market. As of this writing, Anthony John Agnello did not
own a position in any of the stocks named here. Follow him on Twitter at
Hewlett-Packard (NYSE: HPQ ) CEO told a room of HP and Palm employees on Tuesday
that she flat-out doesnt know what to do with the webOS operating system the
platform that was the lifeblood of Palms mobile phone business and, at one time,
HPs future in the tablet and smartphone game. A report at The Verge (via Venture
Beat ) quoted Whitman: Its really important to me to make the right decision,
not the fast decision. What might the right decision be? Whitman made the
company-defining decision to keep Hewlett-Packard in the PC business after she
took over as CEO in September. Can she somehow transform the Palm and webOS
business into something profitable rather than a $1.2 billion noose around HPs
neck ? Here are three options for the future of webOS: The Great Patent Sell-Off
HP is known to be considering an everything-must-go fire sale of the webOS
business. Reuters reported Monday that HP, under the advisement of Bank of
America, was looking to sell off the entire operation to whoever was willing to
pay and for significantly cheaper than the $1.2 billion it paid for it last
year. Software company Oracle (NASDAQ: ORCL ) was said to be in the running .
However, Whitmans words on Tuesday suggest that a sale likely wouldnt be
immediate. Besides, HP might be better off selling webOS off in bits and pieces
rather than as a package. Competitors Apple (NASDAQ: AAPL ), Microsoft (NASDAQ:
MSFT ) and Google (NASDAQ: GOOG ) have spent billions snapping up mobile
technology patents from companies like Nortel in the past year. If HP still
plans a full exit from mobile, a patent selloff might be the best way to recover
its losses. Go Budget HP already admitted in August that it was being hasty in
announcing a full departure from the mobile business . The TouchPad tablet, the
flagship device for webOS 3.0, began selling out at retailers once it hit the
liquidation price of $99. Whitman also intimated on Tuesday that while tablets
definitely are back on the table, HP is mulling over whether to re-enter the
mobile phone game since things get more complicated if you add in phones. If
there is any opportunity for HP to make an impact with webOS-based tablets and
phones, it would be to make devices cheaper than nearly any other on the market.
In other words, new $99 TouchPads and maybe even $49 non-contract smartphones
marketed as stripped-down, durable, replaceable business tools. HP simply cant
compete with Apple, Google or even Microsoft if it tries to compete as a mobile
ecosystem based around popular consumer support and app sales. Strength in
Numbers With RIM Another rumored webOS buyer is Research In Motion (NASDAQ: RIMM
). The embattled BlackBerry maker, watching its share of the global smartphone
market shrink by the day, probably doesnt want to spend a large sum on another
bench-warmer brand, though. Its not that RIM wouldnt want webOS technology RIM
was part of the Apple-led consortium that bought up those aforementioned Nortel
patents for $4.5 billion but since the company only has about $3 billion in
cash right now, a full acquisition wouldnt be right. A merger, however, might
strengthen both companies. If RIM and HP decided to merge the BlackBerry and
webOS businesses into a joint venture under the BlackBerry brand, they would
have a markedly stronger base of technology on which to rebuild BlackBerrys
strength in the mobile market. As of this writing, Anthony John Agnello did not
own a position in any of the stocks named here. Follow him on Twitter at
Dow Tumbles 400 Points, Gold Sector Turns Lower
U.S. markets extended their losses Wednesday afternoon as escalating sovereign
debt worries in Italy and Greece put significant pressure on equities and
cyclical commodities. The Dow Jones Industrial Average (DJIA) tumbled as much as
408.69 points, or 3.4%, to 11,761.49 as of 2:15pm ET marking its worst day
since a 3.5% plunge on September 22. Risk aversion turned sharply higher, with
the CBOE Volatility Index (VIX) surging 31.0% to 35.99. The gold sector held up
particularly well this morning despite broad-based weakness in stocks and
commodities, but succumbed to the selling pressure this afternoon, albeit
modestly.
debt worries in Italy and Greece put significant pressure on equities and
cyclical commodities. The Dow Jones Industrial Average (DJIA) tumbled as much as
408.69 points, or 3.4%, to 11,761.49 as of 2:15pm ET marking its worst day
since a 3.5% plunge on September 22. Risk aversion turned sharply higher, with
the CBOE Volatility Index (VIX) surging 31.0% to 35.99. The gold sector held up
particularly well this morning despite broad-based weakness in stocks and
commodities, but succumbed to the selling pressure this afternoon, albeit
modestly.
Apple Inc. (NASDAQ:AAPL) Settles Power Lawsuit
Apple Inc. (NASDAQ:AAPL) has reached an agreement to settle its MagSafe
lawsuit. Apple Inc. (NASDAQ:AAPL) Settles Power Lawsuit A proposed settlement
has been reached to settle a class action lawsuit involving its MagSafe power
adapters for MacBook and MacBook Pro. Under the deal, Apple Inc. (NASDAQ:AAPL)
has agreed to offer partial refunds to customers who were forced to replace
their MagSafe connectors due to "Strain Relief Damage". The company will pay
up to $79 to customers who replaced their adapter in the first year of
ownership, up to $50 for the second year or up to $35 for the third. Apple Inc.
(NASDAQ:AAPL) stocks were at 406.23 at the end of the last days trading. Theres
been a 13.2% 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
lawsuit. Apple Inc. (NASDAQ:AAPL) Settles Power Lawsuit A proposed settlement
has been reached to settle a class action lawsuit involving its MagSafe power
adapters for MacBook and MacBook Pro. Under the deal, Apple Inc. (NASDAQ:AAPL)
has agreed to offer partial refunds to customers who were forced to replace
their MagSafe connectors due to "Strain Relief Damage". The company will pay
up to $79 to customers who replaced their adapter in the first year of
ownership, up to $50 for the second year or up to $35 for the third. Apple Inc.
(NASDAQ:AAPL) stocks were at 406.23 at the end of the last days trading. Theres
been a 13.2% 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
Notable News on Chinese Stocks: BIDU, DANG, RENN (November 9, 2011)
Below is the latest notable news on U.S.-listed Chinese stocks. Baidu.com, Inc.
(NASDAQ:BIDU) confirms acquisition of photo apps developer PhotoWonder, reports
Chinabyte.com. PhotoWonder is an app for editing pictures on mobile phones. Its
Android version has a high rating of 4.3 based on votes by 39,970 users. Hesong
Tang, an executive at Baidu, told reporters that the company is willing to
invest or acquire more start-up teams with accurate understanding of user demand
and strong innovative ability. E Commerce China Dangdang Inc (NYSE:DANG) plans
to build 100,000-square-meter logistics center to cover mid-west China, reports
Chengdu.cn. The plan was mentioned by Dangdang CEO Guoqing Li at the 2011 China
Online Retail Annual Conference. The logistics center will be built at a city
with solid infrastructures. Mr. Li also told reporters that Dangdang will speed
up its initiatives in second-hand and digital books. Dangdang recently purchased
a large piece of land in Tianjin, where it plans to build its largest
fulfillment operations center in China. Renren Inc (NYSE:RENN) partners with HTC
to launch a social networking cell phone, reports Tech.sina.com.cn. Yizhou Chen,
CEO of Renren, says that this partnership will increase the stickiness of
Renren.coms users. He also believes the "smart devices+social networking
services" model will help the further integration of Chinas mobile
communications industry chain. In addition, Mirae Asset Securities reiterates
Buy rating on Renren Inc (NYSE:RENN), and cuts price target from $6.5 to $6.
(NASDAQ:BIDU) confirms acquisition of photo apps developer PhotoWonder, reports
Chinabyte.com. PhotoWonder is an app for editing pictures on mobile phones. Its
Android version has a high rating of 4.3 based on votes by 39,970 users. Hesong
Tang, an executive at Baidu, told reporters that the company is willing to
invest or acquire more start-up teams with accurate understanding of user demand
and strong innovative ability. E Commerce China Dangdang Inc (NYSE:DANG) plans
to build 100,000-square-meter logistics center to cover mid-west China, reports
Chengdu.cn. The plan was mentioned by Dangdang CEO Guoqing Li at the 2011 China
Online Retail Annual Conference. The logistics center will be built at a city
with solid infrastructures. Mr. Li also told reporters that Dangdang will speed
up its initiatives in second-hand and digital books. Dangdang recently purchased
a large piece of land in Tianjin, where it plans to build its largest
fulfillment operations center in China. Renren Inc (NYSE:RENN) partners with HTC
to launch a social networking cell phone, reports Tech.sina.com.cn. Yizhou Chen,
CEO of Renren, says that this partnership will increase the stickiness of
Renren.coms users. He also believes the "smart devices+social networking
services" model will help the further integration of Chinas mobile
communications industry chain. In addition, Mirae Asset Securities reiterates
Buy rating on Renren Inc (NYSE:RENN), and cuts price target from $6.5 to $6.
Top 10 U.S.-Listed Chinese Stocks with Highest Dividend Yield: CTEL, HNP, SSW, GA, CHL, PTR, GSH, SHI, EJ, SNP (Nov 09, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest dividend yields.
City Telecom (H.K.) Limited (ADR) (NASDAQ:CTEL) has the 1st highest dividend
yield in this segment of the market. Its current dividend yield is 6.99%. Its
dividend payout ratio was 73.71% for the last 12 months. Huaneng Power
International, Inc. (ADR) (NYSE:HNP) has the 2nd highest dividend yield in this
segment of the market. Its current dividend yield is 5.97%. Its dividend payout
ratio was 110.39% for the last 12 months. Seaspan Corporation (NYSE:SSW) has the
3rd highest dividend yield in this segment of the market. Its current dividend
yield is 5.96%. Its dividend payout ratio was N/A for the last 12 months. Giant
Interactive Group Inc (ADR) (NYSE:GA) has the 4th highest dividend yield in this
segment of the market. Its current dividend yield is 4.20%. Its dividend payout
ratio was N/A for the last 12 months. China Mobile Ltd. (ADR) (NYSE:CHL) has the
5th highest dividend yield in this segment of the market. Its current dividend
yield is 4.16%. Its dividend payout ratio was 43.06% for the last 12 months.
PetroChina Company Limited (ADR) (NYSE:PTR) has the 6th highest dividend yield
in this segment of the market. Its current dividend yield is 4.00%. Its dividend
payout ratio was N/A for the last 12 months. Guangshen Railway Co. Ltd (ADR)
(NYSE:GSH) has the 7th highest dividend yield in this segment of the market. Its
current dividend yield is 3.95%. Its dividend payout ratio was 35.83% for the
last 12 months. Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) has the 8th
highest dividend yield in this segment of the market. Its current dividend yield
is 3.75%. Its dividend payout ratio was 26.84% for the last 12 months. E-House
(China) Holdings Limited (ADR) (NYSE:EJ) has the 9th highest dividend yield in
this segment of the market. Its current dividend yield is 3.74%. Its dividend
payout ratio was N/A for the last 12 months. China Petroleum & Chemical Corp.
(ADR) (NYSE:SNP) has the 10th highest dividend yield in this segment of the
market. Its current dividend yield is 3.35%. Its dividend payout ratio was
25.73% for the last 12 months.
City Telecom (H.K.) Limited (ADR) (NASDAQ:CTEL) has the 1st highest dividend
yield in this segment of the market. Its current dividend yield is 6.99%. Its
dividend payout ratio was 73.71% for the last 12 months. Huaneng Power
International, Inc. (ADR) (NYSE:HNP) has the 2nd highest dividend yield in this
segment of the market. Its current dividend yield is 5.97%. Its dividend payout
ratio was 110.39% for the last 12 months. Seaspan Corporation (NYSE:SSW) has the
3rd highest dividend yield in this segment of the market. Its current dividend
yield is 5.96%. Its dividend payout ratio was N/A for the last 12 months. Giant
Interactive Group Inc (ADR) (NYSE:GA) has the 4th highest dividend yield in this
segment of the market. Its current dividend yield is 4.20%. Its dividend payout
ratio was N/A for the last 12 months. China Mobile Ltd. (ADR) (NYSE:CHL) has the
5th highest dividend yield in this segment of the market. Its current dividend
yield is 4.16%. Its dividend payout ratio was 43.06% for the last 12 months.
PetroChina Company Limited (ADR) (NYSE:PTR) has the 6th highest dividend yield
in this segment of the market. Its current dividend yield is 4.00%. Its dividend
payout ratio was N/A for the last 12 months. Guangshen Railway Co. Ltd (ADR)
(NYSE:GSH) has the 7th highest dividend yield in this segment of the market. Its
current dividend yield is 3.95%. Its dividend payout ratio was 35.83% for the
last 12 months. Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) has the 8th
highest dividend yield in this segment of the market. Its current dividend yield
is 3.75%. Its dividend payout ratio was 26.84% for the last 12 months. E-House
(China) Holdings Limited (ADR) (NYSE:EJ) has the 9th highest dividend yield in
this segment of the market. Its current dividend yield is 3.74%. Its dividend
payout ratio was N/A for the last 12 months. China Petroleum & Chemical Corp.
(ADR) (NYSE:SNP) has the 10th highest dividend yield in this segment of the
market. Its current dividend yield is 3.35%. Its dividend payout ratio was
25.73% for the last 12 months.
Todays Gold Price per Ounce Rates Spot Gold Price Per Gram; Spot Silver Price Per Ounce Current GOld Silver Price Mid-Day
Gold and silver contract made gains during the last trading session. Both
precious metal gold and silver price per ounce rates finished green as of last
session close in the U.S. Gold and silver settled higher, but this position was
not long lasting. The initial word spread that Italian Prime Minister, Silvio
Berlusconi, would resign and gold price pushed higher. Berlusconi felt forced to
resign as he was unable to acquire an essential majority in Parliament which led
to majority calls for his resignation. As investors processed this action, the
euro rose higher versus the dollar and gold price backed off. Prior to opening
bell for todays trading session, both spot gold price per gram and spot silver
price per ounce were trending lower. As the trading session in the U.S. reached
the mid-day mark, gold and silver contracts were posting lower. Contract gold
for December delivery was posting negative by .40 percent at 1792 per troy
ounce. Contract Silver for December delivery was lower by 1.26 percent at 34.71
per troy ounce according to mid-day electronic pricing. Spot gold price per gram
was red by .35 at 57.50 and spot silver per ounce was lower by .61 at 34.54.
Camillo Zucari
precious metal gold and silver price per ounce rates finished green as of last
session close in the U.S. Gold and silver settled higher, but this position was
not long lasting. The initial word spread that Italian Prime Minister, Silvio
Berlusconi, would resign and gold price pushed higher. Berlusconi felt forced to
resign as he was unable to acquire an essential majority in Parliament which led
to majority calls for his resignation. As investors processed this action, the
euro rose higher versus the dollar and gold price backed off. Prior to opening
bell for todays trading session, both spot gold price per gram and spot silver
price per ounce were trending lower. As the trading session in the U.S. reached
the mid-day mark, gold and silver contracts were posting lower. Contract gold
for December delivery was posting negative by .40 percent at 1792 per troy
ounce. Contract Silver for December delivery was lower by 1.26 percent at 34.71
per troy ounce according to mid-day electronic pricing. Spot gold price per gram
was red by .35 at 57.50 and spot silver per ounce was lower by .61 at 34.54.
Camillo Zucari
Todays Dow Jones Industrial Average Index DJX DJI, Nasdaq Index, S&P 500 Index; World Economy Stock Market USA News Today Mid-Day
The primary index composites rallied once again during the latter half of the
last trading session and investors appeared to be little phased by the turmoil
currently unfolding in the eurozone. Greece has been a specific focal point of
worry recently but over the last two days, Italy has taken hold of the spotlight
in the area. The Italian government is in disarray as Italian Prime Minister
Silvio Berlusconi has said that he would step down. This action effected bond
yields. The 10-year Italian government bond yield pushed higher to almost 6.8
percent last session and this morning, the bond yield level was above the 7.0
percent mark. Little panic was evident during the latter half of the last U.S.
stock session as stocks finished stronger for the day. Prior to opening bell
this morning though, stock futures were set for the lower open. European
indicators closed weaker today. The CAC 40, DAX and FTSE 100 finished the day
red. As the mid-day mark in the U.S. approached, the primary index composites
were moving through negative territory as well. The Dow was down over 200 points
as the debt crisis in Italy grows more negative. At the halfway point today in
the U.S., the Dow Jones Industrial Average was lower by just over 200 points at
11,969.70. The Nasdaq was red by just over 56 points at 2,671.19 and the S&P 500
was negative by almost 25 points at 1,251.20. Frank Matto
last trading session and investors appeared to be little phased by the turmoil
currently unfolding in the eurozone. Greece has been a specific focal point of
worry recently but over the last two days, Italy has taken hold of the spotlight
in the area. The Italian government is in disarray as Italian Prime Minister
Silvio Berlusconi has said that he would step down. This action effected bond
yields. The 10-year Italian government bond yield pushed higher to almost 6.8
percent last session and this morning, the bond yield level was above the 7.0
percent mark. Little panic was evident during the latter half of the last U.S.
stock session as stocks finished stronger for the day. Prior to opening bell
this morning though, stock futures were set for the lower open. European
indicators closed weaker today. The CAC 40, DAX and FTSE 100 finished the day
red. As the mid-day mark in the U.S. approached, the primary index composites
were moving through negative territory as well. The Dow was down over 200 points
as the debt crisis in Italy grows more negative. At the halfway point today in
the U.S., the Dow Jones Industrial Average was lower by just over 200 points at
11,969.70. The Nasdaq was red by just over 56 points at 2,671.19 and the S&P 500
was negative by almost 25 points at 1,251.20. Frank Matto
Gold Price Climbs to $1,800 as Confidence in Italy Evaporates
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 GOLD PRICE NEWS – The gold price climbed Wednesday morning as Italian bond yields spiked through 7.5%.
Want a Rally? Put on Your Pompoms and Start Rooting for Banks
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Bank stocks and the financial sector have seen their share of ups and downs in the last three years — though decidedly more downs than ups. On the retail banking side, Bank of America (NYSE: BAC ) is off almost 85% since its 2008 peak, and Citigroup (NYSE: C ) is down nearly 90% in the same period. On the investment banking side, Morgan Stanley (NYSE: MS ) is off more than 60%, and Goldman Sachs (NYSE: GS ) is off almost 45%. A host of other financial stocks, large and small, have felt similar pain. It might seem like a natural reaction to wag your finger at the big banks, since these institutions got exactly what they deserved for their reckless role in the subprime mortgage meltdown. Actually, shaking your fist in anger may be more apt — since one can argue that "too big to fail" institutions got a pretty plush deal with a no-strings-attached bailout and executive compensation that boggles the mind. But here's the harsh reality of our current economic quagmire and the fragile rally on Wall Street: We simply can't have a lasting recovery without the banks. That's why each and every investor out there should cheerlead for the financial sector — every day, for as long as it takes. Otherwise, we are in for a very long and difficult road ahead of us. Financials Hold Back the Market We'll get to some big-picture stuff in a second, but let's start with the biggest reason investors should root for banks: cold, hard cash. Simply put, when banks rally, the market rallies. And when banks crash, the markets crash. So unless you are going to go perpetually short, you want to see banks stabilize and start growing — fast. A look at this chart shows the biggest one-day moves for the market this year on Aug. 8 and 9. The correlation between big moves for the market and big moves for the banks is clear — and bears itself out in less dramatic fashion across other volatile days in the market this year. Admittedly, the big move on Monday, Aug. 8, had a lot to do with macro issues — the credit downgrade of the U.S. sparked the selloff. But as the headline of my column at the time read, the U.S. credit downgrade changed nothing . In fact, rates briefly dipped as low as 1.9% for the 10-year T-Note. It's also worth noting these stocks have a lot of pull on the broader indices because BofA and JPMorgan Chase (NYSE: JPM ) still are in the Dow, and the market-cap weighting of the S&P 500 Index means megabanks hold a lot of sway. But all that aside, we should all agree that — generally speaking — sentiment was a bigger factor in August after the downgrade. And sentiment is what's driving bank stocks, pure and simple, since accounting tricks at financial stocks make numbers difficult to trust . Thanks to the power of fear or greed on this sector, as investors get bullish, they get into banks big-time. As they get bearish, they run screaming from financials. In short, a rally in banks means a gush of market optimism — something that all investors should be in favor of.
Dow Chemical (NYSE:DOW) Makes Mitsui Deal
XCSFDHG46767FHJHJF
tdp2664 E money daily Dow Chemical (NYSE:DOW) has decided to join hands with Mitsui & Co. Dow Chemical (NYSE:DOW) Makes Mitsui Deal Dow Chemical (NYSE:DOW), the Midland-based multinational corporation, has reportedly decided to join hands with Tokyo based Mitsui & Co. for creating a Biopolymers platform for Packaging, Hygiene & Medical Applications in Brazil. Dow Chemical (NYSE:DOW)’s Chairman and Chief Executive Officer, Andrew N. Liveris, said, “The formation of this joint venture marks a historic next step in our drive to bring world-leading technology and sustainable solutions to one of the fastest-growing regions of the world. This move advances Dow Chemical (NYSE:DOW)’s strategy and demonstrates our unwavering commitment to invest for growth in high-value, innovation-rich sectors through strategic partnerships.” Dow Chemical (NYSE:DOW) company shares are currently standing at 28.57. Price History Last Price: 28.57 52 Week Low / High: 20.61 / 42.23 50 Day Moving Average: 26.46 6 Month Price Change %: -29.2% 12 Month Price Change %: -13.2%
Pfizer (NYSE:PFE) Opens Animal Center
XCSFDHG46767FHJHJF
tdp2664 E money daily Pfizer (NYSE:PFE) has opened a new animal health equine research centre in Michigan. Pfizer (NYSE:PFE) Opens Animal Center The animal health unit of the US based drug maker giant Pfizer (NYSE:PFE) has opened a new Equine Research Center in Richland, Michigan. Dr. Cathy Knupp, vice president of Veterinary Medicine Research and Development for Pfizer (NYSE:PFE) Animal Health said, "The dedication of the Equine Research Center builds on the $75 million investment in the renovation and expansion of Pfizer (NYSE:PFE)'s veterinary medicine R&D headquarters in Kalamazoo completed in 2009. The center will support the work of a multi-disciplinary team of scientists committed to providing horse owners and the veterinarians who support them with truly innovative, best-in-class health solutions." Pfizer Inc. (NYSE:PFE) stocks were at 20.08 at the end of the last day’s trading. There’s been a 20.5% change in the stock price over the past 3 months. Pfizer Inc. (NYSE:PFE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.22 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.31 Zack’s Rank: 1 out of 14 in the industry
Top 10 Solar Stocks with Highest Upside: EMKR, ASTI, RSOL, DQ, WEST, GTAT, STP, TSL, WFR, JASO (Nov 09, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the top 10 Solar stocks with highest upside potential, based on the difference between current price and Wall Street analysts' average target price. Four Chinese companies (DQ, STP, TSL, JASO) are on the list. CLICK HERE for Solar Stocks Comparison Table EMCORE Corporation (NASDAQ:EMKR) has the 1st highest upside potential in this segment of the market. Its upside is 243.1%. Its consensus target price is $3.50 based on the average of all estimates. Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has the 2nd highest upside potential in this segment of the market. Its upside is 235.9%. Its consensus target price is $2.69 based on the average of all estimates. Real Goods Solar, Inc. (NASDAQ:RSOL) has the 3rd highest upside potential in this segment of the market. Its upside is 168.4%. Its consensus target price is $4.38 based on the average of all estimates. Daqo New Energy Corp. (NYSE:DQ) has the 4th highest upside potential in this segment of the market. Its upside is 114.3%. Its consensus target price is $6.75 based on the average of all estimates. Westinghouse Solar Inc (NASDAQ:WEST) has the 5th highest upside potential in this segment of the market. Its upside is 91.0%. Its consensus target price is $1.38 based on the average of all estimates. GT Advanced Technologies Inc (NASDAQ:GTAT) has the 6th highest upside potential in this segment of the market. Its upside is 83.0%. Its consensus target price is $14.64 based on the average of all estimates. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 7th highest upside potential in this segment of the market. Its upside is 71.2%. Its consensus target price is $4.74 based on the average of all estimates. Trina Solar Limited (ADR) (NYSE:TSL) has the 8th highest upside potential in this segment of the market. Its upside is 69.7%. Its consensus target price is $13.47 based on the average of all estimates. MEMC Electronic Materials, Inc. (NYSE:WFR) has the 9th highest upside potential in this segment of the market. Its upside is 61.7%. Its consensus target price is $7.88 based on the average of all estimates. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has the 10th highest upside potential in this segment of the market. Its upside is 61.7%. Its consensus target price is $3.35 based on the average of all estimates. CLICK HERE for Solar Stocks Comparison Table
Gold Price Climbs to $1,800 as Confidence in Italy Evaporates
GOLD PRICE NEWS – The gold price climbed Wednesday morning as Italian bond
yields spiked through 7.5%.
yields spiked through 7.5%.
China’s Inflation Sharply Fell in October to 5.5%
Chinas inflation rate sharply plummeted in October and reached an annual
inflation rate of 5.5% the lowest level since May 2011 and sharpest single
month drop since 2009. In addition there was a slowdown in the growth of
industrial output to 13.2%. These figures indicate that the raises in interest
rates and in reserve requirement ratios of commercial banks done by the People
Bank of China, in order to curb the inflation pressures, may have helped in this
regards. People Bank of China raised the interest rates five times throughout
the year. Despite the recent decline in Chinas inflation rate, it is still above
the 4% annual target inflation rate of the People Bank of China. The chart above
shows the development of Chinas inflation rate in 2011 and the inertest rates of
People Bank of China. Currently major commodities prices including gold, silver
and crude oil prices are traded down: Current gold price, short term futures
(December 2011 delivery) is traded at $1,788.5 per t oz. a $10.7 decrease or
0.59%, as of 12:03*. Current Nymex crude oil price, short term futures (December
2011 delivery) is traded down to $95.66 per barrel as
inflation rate of 5.5% the lowest level since May 2011 and sharpest single
month drop since 2009. In addition there was a slowdown in the growth of
industrial output to 13.2%. These figures indicate that the raises in interest
rates and in reserve requirement ratios of commercial banks done by the People
Bank of China, in order to curb the inflation pressures, may have helped in this
regards. People Bank of China raised the interest rates five times throughout
the year. Despite the recent decline in Chinas inflation rate, it is still above
the 4% annual target inflation rate of the People Bank of China. The chart above
shows the development of Chinas inflation rate in 2011 and the inertest rates of
People Bank of China. Currently major commodities prices including gold, silver
and crude oil prices are traded down: Current gold price, short term futures
(December 2011 delivery) is traded at $1,788.5 per t oz. a $10.7 decrease or
0.59%, as of 12:03*. Current Nymex crude oil price, short term futures (December
2011 delivery) is traded down to $95.66 per barrel as
Dow Chemical (NYSE:DOW) Makes Mitsui Deal
Dow Chemical (NYSE:DOW) has decided to join hands with Mitsui & Co. Dow
Chemical (NYSE:DOW) Makes Mitsui Deal Dow Chemical (NYSE:DOW), the Midland-based
multinational corporation, has reportedly decided to join hands with Tokyo based
Mitsui & Co. for creating a Biopolymers platform for Packaging, Hygiene &
Medical Applications in Brazil. Dow Chemical (NYSE:DOW)s Chairman and Chief
Executive Officer, Andrew N. Liveris, said, The formation of this joint venture
marks a historic next step in our drive to bring world-leading technology and
sustainable solutions to one of the fastest-growing regions of the world. This
move advances Dow Chemical (NYSE:DOW)s strategy and demonstrates our unwavering
commitment to invest for growth in high-value, innovation-rich sectors through
strategic partnerships. Dow Chemical (NYSE:DOW) company shares are currently
standing at 28.57. Price History Last Price: 28.57 52 Week Low / High: 20.61 /
42.23 50 Day Moving Average: 26.46 6 Month Price Change %: -29.2% 12 Month Price
Change %: -13.2%
Chemical (NYSE:DOW) Makes Mitsui Deal Dow Chemical (NYSE:DOW), the Midland-based
multinational corporation, has reportedly decided to join hands with Tokyo based
Mitsui & Co. for creating a Biopolymers platform for Packaging, Hygiene &
Medical Applications in Brazil. Dow Chemical (NYSE:DOW)s Chairman and Chief
Executive Officer, Andrew N. Liveris, said, The formation of this joint venture
marks a historic next step in our drive to bring world-leading technology and
sustainable solutions to one of the fastest-growing regions of the world. This
move advances Dow Chemical (NYSE:DOW)s strategy and demonstrates our unwavering
commitment to invest for growth in high-value, innovation-rich sectors through
strategic partnerships. Dow Chemical (NYSE:DOW) company shares are currently
standing at 28.57. Price History Last Price: 28.57 52 Week Low / High: 20.61 /
42.23 50 Day Moving Average: 26.46 6 Month Price Change %: -29.2% 12 Month Price
Change %: -13.2%
Top 10 Solar Stocks with Highest Upside: EMKR, ASTI, RSOL, DQ, WEST, GTAT, STP, TSL, WFR, JASO (Nov 09, 2011)
Below are the top 10 Solar stocks with highest upside potential, based on the
difference between current price and Wall Street analysts average target price.
Four Chinese companies (DQ, STP, TSL, JASO) are on the list. CLICK HERE for
Solar Stocks Comparison Table EMCORE Corporation (NASDAQ:EMKR) has the 1st
highest upside potential in this segment of the market. Its upside is 243.1%.
Its consensus target price is $3.50 based on the average of all estimates.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has the 2nd highest upside
potential in this segment of the market. Its upside is 235.9%. Its consensus
target price is $2.69 based on the average of all estimates. Real Goods Solar,
Inc. (NASDAQ:RSOL) has the 3rd highest upside potential in this segment of the
market. Its upside is 168.4%. Its consensus target price is $4.38 based on the
average of all estimates. Daqo New Energy Corp. (NYSE:DQ) has the 4th highest
upside potential in this segment of the market. Its upside is 114.3%. Its
consensus target price is $6.75 based on the average of all estimates.
Westinghouse Solar Inc (NASDAQ:WEST) has the 5th highest upside potential in
this segment of the market. Its upside is 91.0%. Its consensus target price is
$1.38 based on the average of all estimates. GT Advanced Technologies Inc
(NASDAQ:GTAT) has the 6th highest upside potential in this segment of the
market. Its upside is 83.0%. Its consensus target price is $14.64 based on the
average of all estimates. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has
the 7th highest upside potential in this segment of the market. Its upside is
71.2%. Its consensus target price is $4.74 based on the average of all
estimates. Trina Solar Limited (ADR) (NYSE:TSL) has the 8th highest upside
potential in this segment of the market. Its upside is 69.7%. Its consensus
target price is $13.47 based on the average of all estimates. MEMC Electronic
Materials, Inc. (NYSE:WFR) has the 9th highest upside potential in this segment
of the market. Its upside is 61.7%. Its consensus target price is $7.88 based on
the average of all estimates. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)
has the 10th highest upside potential in this segment of the market. Its upside
is 61.7%. Its consensus target price is $3.35 based on the average of all
estimates. CLICK HERE for Solar Stocks Comparison Table
difference between current price and Wall Street analysts average target price.
Four Chinese companies (DQ, STP, TSL, JASO) are on the list. CLICK HERE for
Solar Stocks Comparison Table EMCORE Corporation (NASDAQ:EMKR) has the 1st
highest upside potential in this segment of the market. Its upside is 243.1%.
Its consensus target price is $3.50 based on the average of all estimates.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has the 2nd highest upside
potential in this segment of the market. Its upside is 235.9%. Its consensus
target price is $2.69 based on the average of all estimates. Real Goods Solar,
Inc. (NASDAQ:RSOL) has the 3rd highest upside potential in this segment of the
market. Its upside is 168.4%. Its consensus target price is $4.38 based on the
average of all estimates. Daqo New Energy Corp. (NYSE:DQ) has the 4th highest
upside potential in this segment of the market. Its upside is 114.3%. Its
consensus target price is $6.75 based on the average of all estimates.
Westinghouse Solar Inc (NASDAQ:WEST) has the 5th highest upside potential in
this segment of the market. Its upside is 91.0%. Its consensus target price is
$1.38 based on the average of all estimates. GT Advanced Technologies Inc
(NASDAQ:GTAT) has the 6th highest upside potential in this segment of the
market. Its upside is 83.0%. Its consensus target price is $14.64 based on the
average of all estimates. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has
the 7th highest upside potential in this segment of the market. Its upside is
71.2%. Its consensus target price is $4.74 based on the average of all
estimates. Trina Solar Limited (ADR) (NYSE:TSL) has the 8th highest upside
potential in this segment of the market. Its upside is 69.7%. Its consensus
target price is $13.47 based on the average of all estimates. MEMC Electronic
Materials, Inc. (NYSE:WFR) has the 9th highest upside potential in this segment
of the market. Its upside is 61.7%. Its consensus target price is $7.88 based on
the average of all estimates. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)
has the 10th highest upside potential in this segment of the market. Its upside
is 61.7%. Its consensus target price is $3.35 based on the average of all
estimates. CLICK HERE for Solar Stocks Comparison Table
Want a Rally? Put on Your Pompoms and Start Rooting for Banks
Bank stocks and the financial sector have seen their share of ups and downs in
the last three years though decidedly more downs than ups. On the retail
banking side, Bank of America (NYSE: BAC ) is off almost 85% since its 2008
peak, and Citigroup (NYSE: C ) is down nearly 90% in the same period. On the
investment banking side, Morgan Stanley (NYSE: MS ) is off more than 60%, and
Goldman Sachs (NYSE: GS ) is off almost 45%. A host of other financial stocks,
large and small, have felt similar pain. It might seem like a natural reaction
to wag your finger at the big banks, since these institutions got exactly what
they deserved for their reckless role in the subprime mortgage meltdown.
Actually, shaking your fist in anger may be more apt since one can argue that
"too big to fail" institutions got a pretty plush deal with a
no-strings-attached bailout and executive compensation that boggles the mind.
But here's the harsh reality of our current economic quagmire and the fragile
rally on Wall Street: We simply can't have a lasting recovery without the
banks. That's why each and every investor out there should cheerlead for the
financial sector every day, for as long as it takes. Otherwise, we are in for a
very long and difficult road ahead of us. Financials Hold Back the Market
We'll get to some big-picture stuff in a second, but let's start with the
biggest reason investors should root for banks: cold, hard cash. Simply put,
when banks rally, the market rallies. And when banks crash, the markets crash.
So unless you are going to go perpetually short, you want to see banks stabilize
and start growing fast. A look at this chart shows the biggest one-day moves
for the market this year on Aug. 8 and 9. The correlation between big moves for
the market and big moves for the banks is clear and bears itself out in less
dramatic fashion across other volatile days in the market this year. Admittedly,
the big move on Monday, Aug. 8, had a lot to do with macro issues the credit
downgrade of the U.S. sparked the selloff. But as the headline of my column at
the time read, the U.S. credit downgrade changed nothing . In fact, rates
briefly dipped as low as 1.9% for the 10-year T-Note. It's also worth noting
these stocks have a lot of pull on the broader indices because BofA and JPMorgan
Chase (NYSE: JPM ) still are in the Dow, and the market-cap weighting of the S&P
500 Index means megabanks hold a lot of sway. But all that aside, we should all
agree that generally speaking sentiment was a bigger factor in August after
the downgrade. And sentiment is what's driving bank stocks, pure and simple,
since accounting tricks at financial stocks make numbers difficult to trust .
Thanks to the power of fear or greed on this sector, as investors get bullish,
they get into banks big-time. As they get bearish, they run screaming from
financials. In short, a rally in banks means a gush of market optimism
something that all investors should be in favor of.
the last three years though decidedly more downs than ups. On the retail
banking side, Bank of America (NYSE: BAC ) is off almost 85% since its 2008
peak, and Citigroup (NYSE: C ) is down nearly 90% in the same period. On the
investment banking side, Morgan Stanley (NYSE: MS ) is off more than 60%, and
Goldman Sachs (NYSE: GS ) is off almost 45%. A host of other financial stocks,
large and small, have felt similar pain. It might seem like a natural reaction
to wag your finger at the big banks, since these institutions got exactly what
they deserved for their reckless role in the subprime mortgage meltdown.
Actually, shaking your fist in anger may be more apt since one can argue that
"too big to fail" institutions got a pretty plush deal with a
no-strings-attached bailout and executive compensation that boggles the mind.
But here's the harsh reality of our current economic quagmire and the fragile
rally on Wall Street: We simply can't have a lasting recovery without the
banks. That's why each and every investor out there should cheerlead for the
financial sector every day, for as long as it takes. Otherwise, we are in for a
very long and difficult road ahead of us. Financials Hold Back the Market
We'll get to some big-picture stuff in a second, but let's start with the
biggest reason investors should root for banks: cold, hard cash. Simply put,
when banks rally, the market rallies. And when banks crash, the markets crash.
So unless you are going to go perpetually short, you want to see banks stabilize
and start growing fast. A look at this chart shows the biggest one-day moves
for the market this year on Aug. 8 and 9. The correlation between big moves for
the market and big moves for the banks is clear and bears itself out in less
dramatic fashion across other volatile days in the market this year. Admittedly,
the big move on Monday, Aug. 8, had a lot to do with macro issues the credit
downgrade of the U.S. sparked the selloff. But as the headline of my column at
the time read, the U.S. credit downgrade changed nothing . In fact, rates
briefly dipped as low as 1.9% for the 10-year T-Note. It's also worth noting
these stocks have a lot of pull on the broader indices because BofA and JPMorgan
Chase (NYSE: JPM ) still are in the Dow, and the market-cap weighting of the S&P
500 Index means megabanks hold a lot of sway. But all that aside, we should all
agree that generally speaking sentiment was a bigger factor in August after
the downgrade. And sentiment is what's driving bank stocks, pure and simple,
since accounting tricks at financial stocks make numbers difficult to trust .
Thanks to the power of fear or greed on this sector, as investors get bullish,
they get into banks big-time. As they get bearish, they run screaming from
financials. In short, a rally in banks means a gush of market optimism
something that all investors should be in favor of.
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Trend in gold “is clear and the bears are on the defensive”
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold futures briefly surpassed $1,800 per ounce Tuesday afternoon before turning sharply lower amid reports that Italian Prime Minister Silvio Berlusconi will resign from office. The yellow metal hit $1,804.40 at approximately 12:58pm ET, but subsequently tumbled to as low as $1,778.20 before rebounding slightly to $1,785.00 per ounce. Commenting on the outlook for gold , long-time commodities investor Dennis Gartman wrote in his daily Gartman Letter that
Hepatitis C Drug Progress Puts Several Companies on Acquisition Watch
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Feasting their eyes on the multibillion-dollar market for treating hepatitis C, members of Big Pharma are closely watching developments at the American Association for the Study of Liver Disease annual meeting, which started Saturday. The large drugmakers might be thinking about following in the footsteps of Swiss giant Roche (PINK: RHHBY ), which last month agreed to buy Anadys Pharmaceuticals ( NASDAQ : ANDS ), a developer of medicines for the treatment of hepatitis C, for $230 million in cash. Potential targets abound. Two of the most prominent are hepatitis C drug developers Pharmasset ( NASDAQ : VRUS ) and Inhibitex ( NASDAQ : INHX ). Shares of both companies climbed Monday after they reported positive clinical trial data for their medicines. The news from these companies dampened investor enthusiasm for Vertex (NASDAQ: VRTX ), whose Incivek treatment has taken the market by storm since its approval in May. Incivek was supposed to be challenged by the Merck (NYSE: MRK ) hepatitis C drug Victrelis, which was approved about the same time. But that battle has proved to be no contest, with the Vertex drug widely outselling Victrelis. In the third quarter alone, sales of Incivek totaled $420 million. However, study results reported by Pharmasset and Inhibitex have raised some doubt among investors about the long-term viability of Vertex's Incivek. That's reflected in the nearly 17% decline in VRTX shares since its Friday close. “Emerging competitive data suggest a potentially very limited role for Incivek in future regimens,” said RBC Capital Markets analyst Jason Kantor, according to an Associated Press article . Kantor said Incivek is selling well, but newer drugs continue to look stronger as more data is reported. Eventually, he predicted, combinations of Pharmasset’s treatment and other new drugs will command the field. He downgraded shares of Vertex to “sector perform” from “outperform” and cut his price target for the stock to $48 from $59. Although the recently approved drugs for the disease marked the first breakthroughs for hepatitis C treatments in approximately 20 years, a number of other companies are researching others that have better cure rates and reduced side effects. The goal for the next round of drugs to treat hepatitis C is to produce a therapy that can be taken without the injected older treatment interferon, which has serious side effects. Incivek is approved for sale in the U.S. as a course of treatment to be taken with interferon. Pharmasset is working toward the first all-oral treatment for hepatitis C, which most definitely would hurt Incivek's sales if approved. Given the favorable data from its study, the company could ask the FDA to approve the drug as early as the second half of 2013. The Pharmasset drug appears to be about a year-and-a-half ahead of the Inhibitex treatment, but the latter could become a player if its early safety and efficacy data holds up. JMP Securities analyst Liisa Bayko sent a note to clients saying she expects more hepatitis drug developers to be acquired , according to Seeking Alpha . “We anticipate more deal making in the hepatitis C virus space in 2012 as companies accrue longer-term safety data on the earlier stage assets in the pipeline,” she wrote. Other hepatitis C acquisition targets to keep an eye on are Achillion (NASDAQ: ACHN ) and Idenix (NASDAQ: IDIX ). As of this writing, Barry Cohen was long MRK.
Miners Say Gold Going Higher
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Miners Say Gold Going Higher Zacks.com – 26 minutes ago Think gold is another asset bubble waiting to pop? The strength of the mining stocks is telling a different story based on a mix of near-term and secular trends. The big picture story we know: in …
Gold & Silver Prices – Daily Outlook November 9
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices continued to rally and moderately inclined yesterday. The news from Greece and Italy continues to pour in but doesn’t seem to have much of an effect on the commodities and forex markets (for the time being). Currently gold and silver prices are traded down. Today, Australia employment report will be published, and Chairman of the Federal Ben Bernanke Speaks. Here is a market outlook of precious metals prices for today, November 88th: Gold and Silver Prices – November Update Gold price moderately rose on Tuesday by 0.45% to $1,799.2 – the highest price level since September 21st; silver price also inclined by 0.93% to $35.15. The chart below shows the development of gold and silver prices during the month (normalized gold and silver prices (October 31st 2011=100)). During November, gold price increased by 4.3% and silver price rose by 2.3%. The ratio between gold and silver prices slightly slipped again on Tuesday, November 8th to 51.18. During November, gold price rose by a higher rate than silver price so that the ratio inclined by 1.9%. The chart below shows the developed of this ratio during November.
Premier Gold Hits Highest Grades Yet at Saddle
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Premier Gold Mines (PG.TSX) announced that recent drilling at the Company’s 100%-owned Saddle Project has returned the best intercept drilled to date.
Gold & Silver Prices – Daily Outlook November 9
Gold and silver prices continued to rally and moderately inclined yesterday. The
news from Greece and Italy continues to pour in but doesnt seem to have much of
an effect on the commodities and forex markets (for the time being). Currently
gold and silver prices are traded down. Today, Australia employment report will
be published, and Chairman of the Federal Ben Bernanke Speaks. Here is a market
outlook of precious metals prices for today, November 88th: Gold and Silver
Prices – November Update Gold price moderately rose on Tuesday by 0.45% to
$1,799.2 – the highest price level since September 21st; silver price also
inclined by 0.93% to $35.15. The chart below shows the development of gold and
silver prices during the month (normalized gold and silver prices (October 31st
2011=100)). During November, gold price increased by 4.3% and silver price rose
by 2.3%. The ratio between gold and silver prices slightly slipped again on
Tuesday, November 8th to 51.18. During November, gold price rose by a higher
rate than silver price so that the ratio inclined by 1.9%. The chart below shows
the developed of this ratio during November.
news from Greece and Italy continues to pour in but doesnt seem to have much of
an effect on the commodities and forex markets (for the time being). Currently
gold and silver prices are traded down. Today, Australia employment report will
be published, and Chairman of the Federal Ben Bernanke Speaks. Here is a market
outlook of precious metals prices for today, November 88th: Gold and Silver
Prices – November Update Gold price moderately rose on Tuesday by 0.45% to
$1,799.2 – the highest price level since September 21st; silver price also
inclined by 0.93% to $35.15. The chart below shows the development of gold and
silver prices during the month (normalized gold and silver prices (October 31st
2011=100)). During November, gold price increased by 4.3% and silver price rose
by 2.3%. The ratio between gold and silver prices slightly slipped again on
Tuesday, November 8th to 51.18. During November, gold price rose by a higher
rate than silver price so that the ratio inclined by 1.9%. The chart below shows
the developed of this ratio during November.
2 Footwear Trades to Kick Off the New Year
The holiday music is already playing in stores, which means that it's time to
make your shopping list … not for Santa, but for your stockbroker. Here are a
couple of bullish option trade ideas in two popular retail stocks that could
bring in some cash before the holiday bills start rolling in. Under Armour
(NYSE: UA ) is an innovative sports apparel company. Most products are made from
its moisture-wicking and heat-dispersing fabrics that keep athletes dry during
workouts. While known for shirts and shorts, the company is branching into
headgear and, more recently, performance footwear. Another key initiative
launched this year is "performance cotton." The company has a huge share of
the non-cotton market, but now its targeting cotton with its Charged Cotton
line, which could nearly quadruple its addressable market. UA Technical Take :
After a high volume breakout the stock is now forming a bullish pennant, so the
best option trade here for a happy New Year is buying the UA Jan 95 Calls around
$3, with a target of $5. Deckers Outdoor (NASDAQ: DECK )
make your shopping list … not for Santa, but for your stockbroker. Here are a
couple of bullish option trade ideas in two popular retail stocks that could
bring in some cash before the holiday bills start rolling in. Under Armour
(NYSE: UA ) is an innovative sports apparel company. Most products are made from
its moisture-wicking and heat-dispersing fabrics that keep athletes dry during
workouts. While known for shirts and shorts, the company is branching into
headgear and, more recently, performance footwear. Another key initiative
launched this year is "performance cotton." The company has a huge share of
the non-cotton market, but now its targeting cotton with its Charged Cotton
line, which could nearly quadruple its addressable market. UA Technical Take :
After a high volume breakout the stock is now forming a bullish pennant, so the
best option trade here for a happy New Year is buying the UA Jan 95 Calls around
$3, with a target of $5. Deckers Outdoor (NASDAQ: DECK )
10 Inflation-Resistant Income Stocks
Inflation is one of the major risks that retirees face when living off their
nest eggs. The general increase of prices over time would leave retirees on
fixed incomes scrambling to make ends meet in the decades since they left the
work force. Dividend growth stocks are one of the few asset classes available to
investors to provide a stream of income that generally grows over time. For
example, between 1920 and 2005, the dividends paid by the companies included in
the Dow Jones increased by 5.6% per year , which was more than the 3% annual
inflation rate during the period. During the past week, 10 reliable dividend
stocks kept the tradition of rewarding their shareholders with higher
inflation-adjusted stream of income. The companies include: Emerson Electric Co.
(NYSE: EMR ) operates as a diversified manufacturing and technology company. The
company engages in appliance solutions, climate technologies, industrial
automation, motor technology, network power, process management, professional
tools and storage solutions businesses. This dividend aristocrat raised
quarterly distributions by 15.9% to 40 cents per share. This marked the 55th
consecutive annual dividend increase for the company. Only 10 companies in the
world have managed to raise dividends for more than five decades. Yield: 3.3% (
analysis ) Archer-Daniels-Midland Company (NYSE: ADM ) procures, transports,
stores, processes and merchandises agricultural commodities and products in the
United States and internationally. This dividend aristocrat raised quarterly
distributions by 9.4% to 17.5 cents per share. This marked the 37th consecutive
annual dividend increase for the company. Yield: 2.4% ( analysis ) Questar
Corporation (NYSE: STR ) operates as an integrated natural gas holding company.
This dividend aristocrat raised quarterly distributions by 6.6% to 16.25 cents
per share. This marked the 33rd consecutive annual dividend increase for the
company. Yield: 3.5% Mercury General Corporation (NYSE: MCY ), together with its
subsidiaries, engages in writing private passenger and commercial automobile
insurance in the United States. This dividend achiever raised quarterly
distributions by 1.7% to 61 cents per share. This marked the 25th consecutive
annual dividend increase for the company. Yield: 5.8% Microchip Technology
Incorporated (NASDAQ: MCHP ) engages in the design, development, manufacture and
market of semiconductor products for embedded control applications. This
dividend achiever raised quarterly distributions to 34.8 cents per share. This
marked the 10th consecutive annual dividend increase for the company. Yield:
3.9% Lincoln Electric Holdings, Inc. (NASDAQ: LECO ), through its subsidiaries,
manufactures welding and cutting products worldwide. This dividend achiever
raised quarterly distributions by 9.7% to 17 cents per share. This marked the
17th consecutive annual dividend increase for the company. Yield: 1.8% DeVry
Inc. (NYSE: DV ), together with its subsidiaries, provides educational services
worldwide. This dividend stock raised quarterly distributions by 9.4% to 17.5
cents per share. This marked the sixth consecutive annual dividend increase for
the company. Yield: 0.8% Aaron's, Inc. (NYSE: AAN ) operates as a specialty
retailer of consumer electronics, computers, residential furniture, household
appliances and accessories in the United States and Canada. This dividend stock
raised quarterly distributions by 15.4% to 1.5 cents per share. This marked the
seventh consecutive annual dividend increase for the company. Yield: 0.2%
Exterran Partners, L.P. (NASDAQ: EXLP ) provides natural gas contract operations
services to customers in the United States. This master limited partnership
raised quarterly distributions to 48.75 cents per share. Exterran Partners has
raised distributions for five years in a row. Yield: 7.9% Noble Corporation
(NYSE: NE ) operates as an offshore drilling contractor for the oil and gas
industry worldwide. This dividend stock raised quarterly distributions by 16.9%
to 15.2 cents per share. This marked the eighth consecutive annual dividend
increase for the company. Yield: 1.7% The dividend increases of these companies
beat the pension raises that Social Security has provided during the past few
years. Full disclosure: Long EMR, ADM For more information visit
DividendGrowthInvestor.com
nest eggs. The general increase of prices over time would leave retirees on
fixed incomes scrambling to make ends meet in the decades since they left the
work force. Dividend growth stocks are one of the few asset classes available to
investors to provide a stream of income that generally grows over time. For
example, between 1920 and 2005, the dividends paid by the companies included in
the Dow Jones increased by 5.6% per year , which was more than the 3% annual
inflation rate during the period. During the past week, 10 reliable dividend
stocks kept the tradition of rewarding their shareholders with higher
inflation-adjusted stream of income. The companies include: Emerson Electric Co.
(NYSE: EMR ) operates as a diversified manufacturing and technology company. The
company engages in appliance solutions, climate technologies, industrial
automation, motor technology, network power, process management, professional
tools and storage solutions businesses. This dividend aristocrat raised
quarterly distributions by 15.9% to 40 cents per share. This marked the 55th
consecutive annual dividend increase for the company. Only 10 companies in the
world have managed to raise dividends for more than five decades. Yield: 3.3% (
analysis ) Archer-Daniels-Midland Company (NYSE: ADM ) procures, transports,
stores, processes and merchandises agricultural commodities and products in the
United States and internationally. This dividend aristocrat raised quarterly
distributions by 9.4% to 17.5 cents per share. This marked the 37th consecutive
annual dividend increase for the company. Yield: 2.4% ( analysis ) Questar
Corporation (NYSE: STR ) operates as an integrated natural gas holding company.
This dividend aristocrat raised quarterly distributions by 6.6% to 16.25 cents
per share. This marked the 33rd consecutive annual dividend increase for the
company. Yield: 3.5% Mercury General Corporation (NYSE: MCY ), together with its
subsidiaries, engages in writing private passenger and commercial automobile
insurance in the United States. This dividend achiever raised quarterly
distributions by 1.7% to 61 cents per share. This marked the 25th consecutive
annual dividend increase for the company. Yield: 5.8% Microchip Technology
Incorporated (NASDAQ: MCHP ) engages in the design, development, manufacture and
market of semiconductor products for embedded control applications. This
dividend achiever raised quarterly distributions to 34.8 cents per share. This
marked the 10th consecutive annual dividend increase for the company. Yield:
3.9% Lincoln Electric Holdings, Inc. (NASDAQ: LECO ), through its subsidiaries,
manufactures welding and cutting products worldwide. This dividend achiever
raised quarterly distributions by 9.7% to 17 cents per share. This marked the
17th consecutive annual dividend increase for the company. Yield: 1.8% DeVry
Inc. (NYSE: DV ), together with its subsidiaries, provides educational services
worldwide. This dividend stock raised quarterly distributions by 9.4% to 17.5
cents per share. This marked the sixth consecutive annual dividend increase for
the company. Yield: 0.8% Aaron's, Inc. (NYSE: AAN ) operates as a specialty
retailer of consumer electronics, computers, residential furniture, household
appliances and accessories in the United States and Canada. This dividend stock
raised quarterly distributions by 15.4% to 1.5 cents per share. This marked the
seventh consecutive annual dividend increase for the company. Yield: 0.2%
Exterran Partners, L.P. (NASDAQ: EXLP ) provides natural gas contract operations
services to customers in the United States. This master limited partnership
raised quarterly distributions to 48.75 cents per share. Exterran Partners has
raised distributions for five years in a row. Yield: 7.9% Noble Corporation
(NYSE: NE ) operates as an offshore drilling contractor for the oil and gas
industry worldwide. This dividend stock raised quarterly distributions by 16.9%
to 15.2 cents per share. This marked the eighth consecutive annual dividend
increase for the company. Yield: 1.7% The dividend increases of these companies
beat the pension raises that Social Security has provided during the past few
years. Full disclosure: Long EMR, ADM For more information visit
DividendGrowthInvestor.com
Banks Jump on Italy PM’s Departure — Tuesday’s IP Market Recap
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tdp2664 InvestorPlace The markets clung tightly to Italy's political situation on Tuesday, and when Italian Prime Minister Silvio Berlusconi announced he would resign following the approval of a new budget law, stocks took off. The Dow Jones Industrial average jumped almost 150 points in the afternoon and finished the day up about 100. It brought a slew of financials skyward with it. Wells Fargo (NYSE: WFC ) jumped more than 4% to finish Tuesday at $26.53, with Deutsche Bank (NYSE: DB , $40.55), Citigroup (NYSE: C , $31.42) and Goldman Sachs (NYSE: GS , $108.58) each climbing about 3%. The KBW Bank Index (BKX) of 24 major financial institutions finished the day about 2.5% higher. While Italy still faces massive budgetary problems, Berlusconi's departure opens up the possibility of a new government that could make the large-scale changes necessary to further shore up the country's fiscal mess. Also headed upward were the two big U.S. automakers, with General Motors (NYSE: GM ) gaining 4.3% to $25.04, and Ford (NYSE: F ) jumping 3.48% to $11.61. Vertex Pharmaceuticals ( NASDAQ : VRTX ) had the bottom drop out for the second straight day, shedding more than 8% to end Tuesday at $30.45 — a day after it shed more than 9% on positive news from competing hepatitis C drugmakers. However, those rivals — Pharmasset ( NASDAQ : VRUS ) and Inhibitex ( NASDAQ : INHX ) — didn't fare as well today, with VRUS shares sliding about 4% to $69.07, and INHX shares staying about flat at $9.65. Three Up McCormick & Schmick (NASDAQ: MSSR ): Up 27.47% ($1.86) to $8.63. Priceline (NASDAQ: PCLN ): Up 8.61% ($43.85) to $552.85. Baker Hughes (NYSE: BHI ): Up 4.54% ($2.58) to $59.38. Three Down Weight Watchers (NYSE: WTW ): Down 3.53% ($2.63) to $71.84. United Continental (NYSE: UAL ): Down 2.88% (54 cents) to $18.20. Sony (NYSE: SNE ): Down 2.83% (51 cents) to $17.48. 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 .
The Gold Price Closed Today at 1,798.40 Up 0.5%
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DG365FD46564GFH654FU898 Gold Price Close Today : 1,798.40 Change : 8.10 or 0.5% Silver Price Close Today : 3513.00 Change : 33 or 0.9% Platinum Price Close Today : 1,670.60 Change : 15.10 or 0.9% Palladium Price Close Today : 677.15 Change : 15.35 or 2.3% Gold Silver Ratio Today : 51.19 Change : -0.24 or 1.00% Dow Industrial : 12,068.39 Change : 85.15 or 0.7% US Dollar Index : 76.94 Change : 0.03 or 0.0% Franklin Sanders has not published any commentary today, he will be away until 9th November. 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.
Traders May Squeeze Another 2% Out of Market
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tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . All it took was the resignation (or at least a pledge to step down) of the Italian Prime Minister Silvio Berlusconi yesterday, and stocks rallied hard off their daily lows to close at their highs. Such strong closes have a tendency to lead to gap-up opens the following morning. In true risk-chasing fashion, cyclical stocks like financials and energy led the day higher as fund managers hopped on board in hopes of improving their year-to-date performance.
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