It's kind of funny when you think about it Europe and America can't meet
their debts and still are reeling from the misbehavior of crooks in high
finance, and meanwhile the former penal colony of Australia is now seen as one
of the most trustworthy places to invest in the world. Australia was upgraded by
Fitch Ratings to the highest possible level AAA a few days ago and now owns
top marks from all three rating firms on top of its existing elite status with
Standard & Poor's and Moody's. Meanwhile, there are rumblings that Fitch
might go the other way on America and downgrade its sovereign debt to AA+ like
S&P did back in August. No knock is looming for U.S. credit, however, since
Fitch has said a downgrade likely wouldnt come until 2013 even if the status quo
continues. What's more, it's not just the European also-rans like Italy and
Greece that are embroiled in debt woes. France also is at risk of losing its
top-tier AAA rating with S&P soon. There was a false alarm in early November
where the ratings agency "mistakenly" downgraded France, but rumors are that
one of the three firms will make that move eventually (and correctly) in the
next few days. What gives? Why is Australia such a safe borrower as more
developed nations continue to feel the burn? The most obvious reason is that
Australia spends much more responsibly than the U.S. and Europe. The country's
net external debt was 53% of GDP in 2010 while Italy currently is struggling
under 120% debt-to-GDP, the U.K. is approaching 80% debt-to-GDP and and many
estimate the U.S. is nearing a 100% ratio. It also helps that the nation has a
vibrant economy thanks to its close proximity to emerging markets in Asia, and
strategic partnerships with China helps a great deal. Australia has been able to
tap into the economic might of Asia and is one of the few major economies that
avoided the technical definition of a recession amid the financial crisis. Just
barely, of course, since its economy grew a mere 0.4% in the first three months
of 2009 but the textbook guidelines for a recession are two consecutive
quarters of GDP contraction, and the tiny gain was enough to avoid the dreaded R
word. The nation also is very rich in natural resources. Australia is a major
exporter of agricultural products like wheat, minerals like gold and energy
commodities such as coal. Mining and agriculture make up more than half of
Australia's exports. While other countries have waxed and waned based on
specific industries housing, technology and the like Australia has benefited
from baseline demand in food and energy that never evaporates, even during a
downturn. How to Invest in Australia There are two Australian ETFs to play the
region. The first is the liquid iShares MSCI Australia Index Fund (NYSE: EWA ),
with more than $2 billion under management. The next is the tiny, volatile Index
IQ Australia Small Cap ETF
Wednesday, November 30, 2011
GOLD Should Forge Ahead in Next 3 Months
GOLD Should Forge Ahead in Next 3 Months Investorplace.com - 1 hour ago
Randgold Resources (NASDAQ:GOLD) — For months, gold bullion has been running
ahead of the mining stocks. But miners forged ahead in Q3 as higher earnings
from increasingly better bullion prices ...
Randgold Resources (NASDAQ:GOLD) — For months, gold bullion has been running
ahead of the mining stocks. But miners forged ahead in Q3 as higher earnings
from increasingly better bullion prices ...
Todays Dow Jones Industrial Average Index DJX DJI, Nasdaq, S&P 500 Stock Market Investing News Today
Although stock futures prior to opening bell for the last trading session set
the stage for the lower open for U.S. stocks, a huge rally during the trading
session pushed the primary indices far into the green during the session. All
three primary indices in the U.S. finished on positive ground. The Dow Jones
Industrial Average closed higher by 4.24 percent at 12,045.68. The Nasdaq
finished higher by 4.17 percent at 2,620.34 and the S&P 500 finished the day
green by 4.33 percent at 1,246.96. It was the largest gain for the Dow since
2009. The significant rally stemmed, in part, from the central banks coming
together to ease global market strains in hopes of boosting the global economy.
A handful of central banks announced last session that they would take steps to
improve economic activity by making it cheaper to borrow U.S. dollars. The
Federal Reserve, as well as central banks of Canada, England, Switzerland, Japan
and the eurozone have announced that they will work in unison to lower prices on
dollar liquidity swaps beginning on December 5th. The swap arrangements, will
continue up to February 1st of 2013. Stocks in Europe and the U.S.A. surged
today on the news. In addition to this positively skewed report, economic news
in the U.S. was better than expected. The ADP report showed that private sector
employment grew by about 206,000 in November. This was well above the expected
125,000 number that most economists were anticipating. The Midwest manufacturing
report, the Chicago Purchasing Managers Index, posted data that expressed
positive expansion. Finally, the Feds Beige Book posted today and portrayed slow
to moderate economic growth for the U.S. based on outlooks from primary banks
across the country. The dollar gained on the euro last session and oil price per
barrel moved up to 100.44 per barrel. Frank Matto
the stage for the lower open for U.S. stocks, a huge rally during the trading
session pushed the primary indices far into the green during the session. All
three primary indices in the U.S. finished on positive ground. The Dow Jones
Industrial Average closed higher by 4.24 percent at 12,045.68. The Nasdaq
finished higher by 4.17 percent at 2,620.34 and the S&P 500 finished the day
green by 4.33 percent at 1,246.96. It was the largest gain for the Dow since
2009. The significant rally stemmed, in part, from the central banks coming
together to ease global market strains in hopes of boosting the global economy.
A handful of central banks announced last session that they would take steps to
improve economic activity by making it cheaper to borrow U.S. dollars. The
Federal Reserve, as well as central banks of Canada, England, Switzerland, Japan
and the eurozone have announced that they will work in unison to lower prices on
dollar liquidity swaps beginning on December 5th. The swap arrangements, will
continue up to February 1st of 2013. Stocks in Europe and the U.S.A. surged
today on the news. In addition to this positively skewed report, economic news
in the U.S. was better than expected. The ADP report showed that private sector
employment grew by about 206,000 in November. This was well above the expected
125,000 number that most economists were anticipating. The Midwest manufacturing
report, the Chicago Purchasing Managers Index, posted data that expressed
positive expansion. Finally, the Feds Beige Book posted today and portrayed slow
to moderate economic growth for the U.S. based on outlooks from primary banks
across the country. The dollar gained on the euro last session and oil price per
barrel moved up to 100.44 per barrel. Frank Matto
Todays gold price per ounce spot gold price per gram; spot gold price per ounce; Gold Silver Rate News
Both gold and silver price per ounce trend-line movement followed the primary
stock indicators higher last session. The Feds, along with a handful of other
central banks around the globe, announced measures to support the global
economy. Stock indices in the eurozone and the U.S. shot higher after the news
spread. Gold and silver price rates moved higher as well. Both gold and silver
contracts were green at the mid-day mark last session and finished the day
stronger. The dollar gained versus the euro, British pound and Japanese yen. As
of end of day close, both contract gold and contract silver finished on the
positive side of break-even. Gold contract for December delivery was higher by
1.87 percent at 1745.50 per troy ounce. Silver contract for December delivery
was higher by 2.76 percent at 32.73 per troy ounce. After last session close and
prior to todays opening bell, spot gold per gram and spot silver per ounce
trend-line movement continued to push through positive territory. Spot gold
price per gram was higher by 1.10 at 56.19 and spot silver price per ounce was
higher by .81 at 32.66. Camillo Zucari
stock indicators higher last session. The Feds, along with a handful of other
central banks around the globe, announced measures to support the global
economy. Stock indices in the eurozone and the U.S. shot higher after the news
spread. Gold and silver price rates moved higher as well. Both gold and silver
contracts were green at the mid-day mark last session and finished the day
stronger. The dollar gained versus the euro, British pound and Japanese yen. As
of end of day close, both contract gold and contract silver finished on the
positive side of break-even. Gold contract for December delivery was higher by
1.87 percent at 1745.50 per troy ounce. Silver contract for December delivery
was higher by 2.76 percent at 32.73 per troy ounce. After last session close and
prior to todays opening bell, spot gold per gram and spot silver per ounce
trend-line movement continued to push through positive territory. Spot gold
price per gram was higher by 1.10 at 56.19 and spot silver price per ounce was
higher by .81 at 32.66. Camillo Zucari
Harmonica at Carnegie Hall
XCSFDHG46767FHJHJF
dow2664 This video has nothing to do with stocks, bonds or investments, but I thought you would find it of interest, if you have any interest in music at all. See why there is a standing ovation at the end.
Top-Performing U.S.-Listed Chinese Stocks (Nov 30, 2011)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the latest top-performing U.S.-listed Chinese stocks. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the best-performing U.S.-listed Chinese stock on Nov. 30. It was up 18.8% on the day. JASO's upside potential is 71.8% based on brokerage analysts' average target price of $3.14. It is trading at 21.4% of its 52-week high of $8.57, and 30.7% above its 52-week low of $1.40. Phoenix New Media Ltd ADR (NYSE:FENG) is the second best-performing U.S.-listed Chinese stock on Nov. 30. It was up 18.2% on the day. FENG's upside potential is 73.2% based on brokerage analysts' average target price of $10.67. It is trading at 40.8% of its 52-week high of $15.09, and 46.7% above its 52-week low of $4.20. Trina Solar Limited (ADR) (NYSE:TSL) is the third best-performing U.S.-listed Chinese stock on Nov. 30. It was up 15.8% on the day. TSL's upside potential is 63.3% based on brokerage analysts' average target price of $13.07. It is trading at 25.7% of its 52-week high of $31.08, and 51.5% above its 52-week low of $5.28. Changyou.com Limited(ADR) (NASDAQ:CYOU) is the fourth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 15.4% on the day. CYOU's upside potential is 71.7% based on brokerage analysts' average target price of $42.88. It is trading at 48.0% of its 52-week high of $52.00, and 20.6% above its 52-week low of $20.71. TAL Education Group (ADR) (NYSE:XRS) is the fifth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 13.7% on the day. XRS's upside potential is 50.9% based on brokerage analysts' average target price of $15.43. It is trading at 60.3% of its 52-week high of $16.97, and 21.6% above its 52-week low of $8.41. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is the sixth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 13.4% on the day. MPEL's upside potential is 55.0% based on brokerage analysts' average target price of $15.37. It is trading at 61.4% of its 52-week high of $16.15, and 78.7% above its 52-week low of $5.55. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the seventh best-performing U.S.-listed Chinese stock on Nov. 30. It was up 12.2% on the day. YGE's upside potential is 22.4% based on brokerage analysts' average target price of $5.29. It is trading at 31.8% of its 52-week high of $13.59, and 57.1% above its 52-week low of $2.75. Youku.com Inc (ADR) (NYSE:YOKU) is the eighth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 11.2% on the day. YOKU's upside potential is 49.2% based on brokerage analysts' average target price of $29.14. It is trading at 27.9% of its 52-week high of $69.95, and 41.9% above its 52-week low of $13.76. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the ninth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 10.9% on the day. VIT's upside potential is 64.8% based on brokerage analysts' average target price of $18.24. It is trading at 27.0% of its 52-week high of $41.06, and 78.8% above its 52-week low of $6.19. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 10th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 10.2% on the day. STP's upside potential is 78.7% based on brokerage analysts' average target price of $4.43. It is trading at 22.9% of its 52-week high of $10.83, and 45.9% above its 52-week low of $1.70. 7 DAYS GROUP HOLDINGS LIMITED(ADR) (NYSE:SVN) is the 11th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 8.8% on the day. SVN's upside potential is 73.1% based on brokerage analysts' average target price of $24.03. It is trading at 54.6% of its 52-week high of $25.44, and 15.5% above its 52-week low of $12.02. Focus Media Holding Limited (ADR) (NASDAQ:FMCN) is the 12th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 8.4% on the day. FMCN's upside potential is 117.2% based on brokerage analysts' average target price of $40.23. It is trading at 49.3% of its 52-week high of $37.58, and 110.7% above its 52-week low of $8.79. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the 13th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 8.2% on the day. AMAP's upside potential is 110.4% based on brokerage analysts' average target price of $22.83. It is trading at 53.7% of its 52-week high of $20.20, and 16.4% above its 52-week low of $9.32. E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the 14th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 7.6% on the day. EJ's upside potential is 81.1% based on brokerage analysts' average target price of $10.97. It is trading at 37.3% of its 52-week high of $16.25, and 21.2% above its 52-week low of $5.00. CNOOC Limited (ADR) (NYSE:CEO) is the 15th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.6% on the day. CEO's upside potential is 14.8% based on brokerage analysts' average target price of $221.93. It is trading at 71.1% of its 52-week high of $271.94, and 36.8% above its 52-week low of $141.27. ReneSola Ltd. (ADR) (NYSE:SOL) is the 16th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.4% on the day. SOL's upside potential is 43.1% based on brokerage analysts' average target price of $2.86. It is trading at 15.1% of its 52-week high of $13.25, and 37.0% above its 52-week low of $1.46. 21Vianet Group Inc (NASDAQ:VNET) is the 17th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.2% on the day. VNET's upside potential is 81.4% based on brokerage analysts' average target price of $17.89. It is trading at 44.2% of its 52-week high of $22.33, and 18.7% above its 52-week low of $8.31. Mindray Medical International Ltd (ADR) (NYSE:MR) is the 18th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.1% on the day. MR's upside potential is 15.4% based on brokerage analysts' average target price of $31.13. It is trading at 86.4% of its 52-week high of $31.21, and 27.0% above its 52-week low of $21.25. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the 19th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.1% on the day. DANG's upside potential is 108.3% based on brokerage analysts' average target price of $9.83. It is trading at 13.0% of its 52-week high of $36.40, and 8.3% above its 52-week low of $4.36. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the 20th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.0% on the day. SPRD's upside potential is 23.6% based on brokerage analysts' average target price of $30.58. It is trading at 82.6% of its 52-week high of $29.98, and 188.1% above its 52-week low of $8.59.
Top-Performing U.S.-Listed Chinese Stocks (Nov 30, 2011)
Below are the latest top-performing U.S.-listed Chinese stocks. JA Solar
Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 18.8% on the day. JASOs upside potential is
71.8% based on brokerage analysts average target price of $3.14. It is trading
at 21.4% of its 52-week high of $8.57, and 30.7% above its 52-week low of $1.40.
Phoenix New Media Ltd ADR (NYSE:FENG) is the second best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 18.2% on the day. FENGs upside potential is
73.2% based on brokerage analysts average target price of $10.67. It is trading
at 40.8% of its 52-week high of $15.09, and 46.7% above its 52-week low of
$4.20. Trina Solar Limited (ADR) (NYSE:TSL) is the third best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 15.8% on the day. TSLs upside
potential is 63.3% based on brokerage analysts average target price of $13.07.
It is trading at 25.7% of its 52-week high of $31.08, and 51.5% above its
52-week low of $5.28. Changyou.com Limited(ADR) (NASDAQ:CYOU) is the fourth
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 15.4% on the
day. CYOUs upside potential is 71.7% based on brokerage analysts average target
price of $42.88. It is trading at 48.0% of its 52-week high of $52.00, and 20.6%
above its 52-week low of $20.71. TAL Education Group (ADR) (NYSE:XRS) is the
fifth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 13.7% on
the day. XRSs upside potential is 50.9% based on brokerage analysts average
target price of $15.43. It is trading at 60.3% of its 52-week high of $16.97,
and 21.6% above its 52-week low of $8.41. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the sixth best-performing U.S.-listed Chinese stock on Nov. 30.
It was up 13.4% on the day. MPELs upside potential is 55.0% based on brokerage
analysts average target price of $15.37. It is trading at 61.4% of its 52-week
high of $16.15, and 78.7% above its 52-week low of $5.55. Yingli Green Energy
Hold. Co. Ltd. (ADR) (NYSE:YGE) is the seventh best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 12.2% on the day. YGEs upside potential is
22.4% based on brokerage analysts average target price of $5.29. It is trading
at 31.8% of its 52-week high of $13.59, and 57.1% above its 52-week low of
$2.75. Youku.com Inc (ADR) (NYSE:YOKU) is the eighth best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 11.2% on the day. YOKUs upside potential is
49.2% based on brokerage analysts average target price of $29.14. It is trading
at 27.9% of its 52-week high of $69.95, and 41.9% above its 52-week low of
$13.76. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the ninth best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 10.9% on the day. VITs upside
potential is 64.8% based on brokerage analysts average target price of $18.24.
It is trading at 27.0% of its 52-week high of $41.06, and 78.8% above its
52-week low of $6.19. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the
10th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 10.2% on
the day. STPs upside potential is 78.7% based on brokerage analysts average
target price of $4.43. It is trading at 22.9% of its 52-week high of $10.83, and
45.9% above its 52-week low of $1.70. 7 DAYS GROUP HOLDINGS LIMITED(ADR)
(NYSE:SVN) is the 11th best-performing U.S.-listed Chinese stock on Nov. 30. It
was up 8.8% on the day. SVNs upside potential is 73.1% based on brokerage
analysts average target price of $24.03. It is trading at 54.6% of its 52-week
high of $25.44, and 15.5% above its 52-week low of $12.02. Focus Media Holding
Limited (ADR) (NASDAQ:FMCN) is the 12th best-performing U.S.-listed Chinese
stock on Nov. 30. It was up 8.4% on the day. FMCNs upside potential is 117.2%
based on brokerage analysts average target price of $40.23. It is trading at
49.3% of its 52-week high of $37.58, and 110.7% above its 52-week low of $8.79.
AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the 13th best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 8.2% on the day. AMAPs upside
potential is 110.4% based on brokerage analysts average target price of $22.83.
It is trading at 53.7% of its 52-week high of $20.20, and 16.4% above its
52-week low of $9.32. E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the
14th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 7.6% on the
day. EJs upside potential is 81.1% based on brokerage analysts average target
price of $10.97. It is trading at 37.3% of its 52-week high of $16.25, and 21.2%
above its 52-week low of $5.00. CNOOC Limited (ADR) (NYSE:CEO) is the 15th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.6% on the day.
CEOs upside potential is 14.8% based on brokerage analysts average target price
of $221.93. It is trading at 71.1% of its 52-week high of $271.94, and 36.8%
above its 52-week low of $141.27. ReneSola Ltd. (ADR) (NYSE:SOL) is the 16th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.4% on the day.
SOLs upside potential is 43.1% based on brokerage analysts average target price
of $2.86. It is trading at 15.1% of its 52-week high of $13.25, and 37.0% above
its 52-week low of $1.46. 21Vianet Group Inc (NASDAQ:VNET) is the 17th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.2% on the day.
VNETs upside potential is 81.4% based on brokerage analysts average target price
of $17.89. It is trading at 44.2% of its 52-week high of $22.33, and 18.7% above
its 52-week low of $8.31. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the 18th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.1% on
the day. MRs upside potential is 15.4% based on brokerage analysts average
target price of $31.13. It is trading at 86.4% of its 52-week high of $31.21,
and 27.0% above its 52-week low of $21.25. E Commerce China Dangdang Inc (ADR)
(NYSE:DANG) is the 19th best-performing U.S.-listed Chinese stock on Nov. 30. It
was up 6.1% on the day. DANGs upside potential is 108.3% based on brokerage
analysts average target price of $9.83. It is trading at 13.0% of its 52-week
high of $36.40, and 8.3% above its 52-week low of $4.36. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) is the 20th best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 6.0% on the day. SPRDs upside potential is
23.6% based on brokerage analysts average target price of $30.58. It is trading
at 82.6% of its 52-week high of $29.98, and 188.1% above its 52-week low of
$8.59.
Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 18.8% on the day. JASOs upside potential is
71.8% based on brokerage analysts average target price of $3.14. It is trading
at 21.4% of its 52-week high of $8.57, and 30.7% above its 52-week low of $1.40.
Phoenix New Media Ltd ADR (NYSE:FENG) is the second best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 18.2% on the day. FENGs upside potential is
73.2% based on brokerage analysts average target price of $10.67. It is trading
at 40.8% of its 52-week high of $15.09, and 46.7% above its 52-week low of
$4.20. Trina Solar Limited (ADR) (NYSE:TSL) is the third best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 15.8% on the day. TSLs upside
potential is 63.3% based on brokerage analysts average target price of $13.07.
It is trading at 25.7% of its 52-week high of $31.08, and 51.5% above its
52-week low of $5.28. Changyou.com Limited(ADR) (NASDAQ:CYOU) is the fourth
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 15.4% on the
day. CYOUs upside potential is 71.7% based on brokerage analysts average target
price of $42.88. It is trading at 48.0% of its 52-week high of $52.00, and 20.6%
above its 52-week low of $20.71. TAL Education Group (ADR) (NYSE:XRS) is the
fifth best-performing U.S.-listed Chinese stock on Nov. 30. It was up 13.7% on
the day. XRSs upside potential is 50.9% based on brokerage analysts average
target price of $15.43. It is trading at 60.3% of its 52-week high of $16.97,
and 21.6% above its 52-week low of $8.41. Melco Crown Entertainment Ltd (ADR)
(NASDAQ:MPEL) is the sixth best-performing U.S.-listed Chinese stock on Nov. 30.
It was up 13.4% on the day. MPELs upside potential is 55.0% based on brokerage
analysts average target price of $15.37. It is trading at 61.4% of its 52-week
high of $16.15, and 78.7% above its 52-week low of $5.55. Yingli Green Energy
Hold. Co. Ltd. (ADR) (NYSE:YGE) is the seventh best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 12.2% on the day. YGEs upside potential is
22.4% based on brokerage analysts average target price of $5.29. It is trading
at 31.8% of its 52-week high of $13.59, and 57.1% above its 52-week low of
$2.75. Youku.com Inc (ADR) (NYSE:YOKU) is the eighth best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 11.2% on the day. YOKUs upside potential is
49.2% based on brokerage analysts average target price of $29.14. It is trading
at 27.9% of its 52-week high of $69.95, and 41.9% above its 52-week low of
$13.76. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the ninth best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 10.9% on the day. VITs upside
potential is 64.8% based on brokerage analysts average target price of $18.24.
It is trading at 27.0% of its 52-week high of $41.06, and 78.8% above its
52-week low of $6.19. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the
10th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 10.2% on
the day. STPs upside potential is 78.7% based on brokerage analysts average
target price of $4.43. It is trading at 22.9% of its 52-week high of $10.83, and
45.9% above its 52-week low of $1.70. 7 DAYS GROUP HOLDINGS LIMITED(ADR)
(NYSE:SVN) is the 11th best-performing U.S.-listed Chinese stock on Nov. 30. It
was up 8.8% on the day. SVNs upside potential is 73.1% based on brokerage
analysts average target price of $24.03. It is trading at 54.6% of its 52-week
high of $25.44, and 15.5% above its 52-week low of $12.02. Focus Media Holding
Limited (ADR) (NASDAQ:FMCN) is the 12th best-performing U.S.-listed Chinese
stock on Nov. 30. It was up 8.4% on the day. FMCNs upside potential is 117.2%
based on brokerage analysts average target price of $40.23. It is trading at
49.3% of its 52-week high of $37.58, and 110.7% above its 52-week low of $8.79.
AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the 13th best-performing
U.S.-listed Chinese stock on Nov. 30. It was up 8.2% on the day. AMAPs upside
potential is 110.4% based on brokerage analysts average target price of $22.83.
It is trading at 53.7% of its 52-week high of $20.20, and 16.4% above its
52-week low of $9.32. E-House (China) Holdings Limited (ADR) (NYSE:EJ) is the
14th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 7.6% on the
day. EJs upside potential is 81.1% based on brokerage analysts average target
price of $10.97. It is trading at 37.3% of its 52-week high of $16.25, and 21.2%
above its 52-week low of $5.00. CNOOC Limited (ADR) (NYSE:CEO) is the 15th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.6% on the day.
CEOs upside potential is 14.8% based on brokerage analysts average target price
of $221.93. It is trading at 71.1% of its 52-week high of $271.94, and 36.8%
above its 52-week low of $141.27. ReneSola Ltd. (ADR) (NYSE:SOL) is the 16th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.4% on the day.
SOLs upside potential is 43.1% based on brokerage analysts average target price
of $2.86. It is trading at 15.1% of its 52-week high of $13.25, and 37.0% above
its 52-week low of $1.46. 21Vianet Group Inc (NASDAQ:VNET) is the 17th
best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.2% on the day.
VNETs upside potential is 81.4% based on brokerage analysts average target price
of $17.89. It is trading at 44.2% of its 52-week high of $22.33, and 18.7% above
its 52-week low of $8.31. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the 18th best-performing U.S.-listed Chinese stock on Nov. 30. It was up 6.1% on
the day. MRs upside potential is 15.4% based on brokerage analysts average
target price of $31.13. It is trading at 86.4% of its 52-week high of $31.21,
and 27.0% above its 52-week low of $21.25. E Commerce China Dangdang Inc (ADR)
(NYSE:DANG) is the 19th best-performing U.S.-listed Chinese stock on Nov. 30. It
was up 6.1% on the day. DANGs upside potential is 108.3% based on brokerage
analysts average target price of $9.83. It is trading at 13.0% of its 52-week
high of $36.40, and 8.3% above its 52-week low of $4.36. Spreadtrum
Communications, Inc (ADR) (NASDAQ:SPRD) is the 20th best-performing U.S.-listed
Chinese stock on Nov. 30. It was up 6.0% on the day. SPRDs upside potential is
23.6% based on brokerage analysts average target price of $30.58. It is trading
at 82.6% of its 52-week high of $29.98, and 188.1% above its 52-week low of
$8.59.
Where Will Netflix be Trading in 2014?
We all know options can be a great way to generate income , as Ive written
about before . We also know options can be a useful tool to hedge your long
stock positions. Theres another great play that uses options that I reserve for
very speculative situations, including one that Im facing right now. Thats when
I like to use LEAPS (or, longer-term options). One of the tricks with options is
that you may make a correct call on a stock prices movement, but have the time
frame wrong. By using a longer-term option (through which you can get up to an
additional two years' worth of time with your position), you can protect
against that mistake. Of course, since options are priced according to time
frame, it means this alternative will be more costly. Thats why I only go for it
in highly speculative situations where my risk in using just a straight stock
purchase or shorting is unlimited. With LEAPS, I can easily limit that risk. The
best way to illustrate the use of LEAPS is to use a real example a situation
that is in play right now. It involves Netflix (NASDAQ: NFLX ). Theres been a
lot of speculation as to whether Netflix is going to survive and thrive … or
struggle but survive … or die quickly … or even die slowly. The easy money
has been made if you shorted when the stock was in the $200s or even the $100s,
youve done well. But how do we play it from here? My own opinion is that Netflix
is going to go bankrupt, and it is likely to happen in the next two years. The
problem is that, in the interim, the stock may jump from the $60s, where it is
now, to over $100. Who knows? I could short it and set a stop-loss, but if the
stock should gap up on the open, itll blow through my stop-loss. I want a
situation where I dont have to risk as much as I might shorting the stock, but
which bets on a complete implosion. So far, Netflix has shown a tendency to drop
by double-digits on days with bad news. I think thats going to continue. So,
I'm looking at buying the NFLX January (2013) 65 Puts , which are selling for
$20 per share, or about $2,000 per contract. That means if Netflix craters to
$45 by then, I will break even. In fact, if it does so before January 2013, I
may even be able to sell it for more than $20, given the time value of the
option that remains. And if NFLX should totally implode and go to zero, the put
will be worth $65, and I will more than triple my money. Thats one way to play
it. But an even-better choice is the January (2014) 65 Puts , which are selling
for about $25. With the 2014 expiration, I get an extra year on my option for
only $500 more. I break even if the stock hits $40 on expiration, and maybe make
something if it does so before expiration. Once again, if the stock goes to
zero, I will make $65 for the contract, and more than double my money. You can,
of course, buy calls that are way out-of-the-money (that is, with strike prices
that are higher than the market price of the shares) on stocks you think might
go much, much higher without risking the capital to buy the stock. Again,
though, save these LEAPS for very speculative situations. Lawrence Meyers does
not currently have any positions in NFLX.
about before . We also know options can be a useful tool to hedge your long
stock positions. Theres another great play that uses options that I reserve for
very speculative situations, including one that Im facing right now. Thats when
I like to use LEAPS (or, longer-term options). One of the tricks with options is
that you may make a correct call on a stock prices movement, but have the time
frame wrong. By using a longer-term option (through which you can get up to an
additional two years' worth of time with your position), you can protect
against that mistake. Of course, since options are priced according to time
frame, it means this alternative will be more costly. Thats why I only go for it
in highly speculative situations where my risk in using just a straight stock
purchase or shorting is unlimited. With LEAPS, I can easily limit that risk. The
best way to illustrate the use of LEAPS is to use a real example a situation
that is in play right now. It involves Netflix (NASDAQ: NFLX ). Theres been a
lot of speculation as to whether Netflix is going to survive and thrive … or
struggle but survive … or die quickly … or even die slowly. The easy money
has been made if you shorted when the stock was in the $200s or even the $100s,
youve done well. But how do we play it from here? My own opinion is that Netflix
is going to go bankrupt, and it is likely to happen in the next two years. The
problem is that, in the interim, the stock may jump from the $60s, where it is
now, to over $100. Who knows? I could short it and set a stop-loss, but if the
stock should gap up on the open, itll blow through my stop-loss. I want a
situation where I dont have to risk as much as I might shorting the stock, but
which bets on a complete implosion. So far, Netflix has shown a tendency to drop
by double-digits on days with bad news. I think thats going to continue. So,
I'm looking at buying the NFLX January (2013) 65 Puts , which are selling for
$20 per share, or about $2,000 per contract. That means if Netflix craters to
$45 by then, I will break even. In fact, if it does so before January 2013, I
may even be able to sell it for more than $20, given the time value of the
option that remains. And if NFLX should totally implode and go to zero, the put
will be worth $65, and I will more than triple my money. Thats one way to play
it. But an even-better choice is the January (2014) 65 Puts , which are selling
for about $25. With the 2014 expiration, I get an extra year on my option for
only $500 more. I break even if the stock hits $40 on expiration, and maybe make
something if it does so before expiration. Once again, if the stock goes to
zero, I will make $65 for the contract, and more than double my money. You can,
of course, buy calls that are way out-of-the-money (that is, with strike prices
that are higher than the market price of the shares) on stocks you think might
go much, much higher without risking the capital to buy the stock. Again,
though, save these LEAPS for very speculative situations. Lawrence Meyers does
not currently have any positions in NFLX.
Buffett Bought These Stocks — Should You?
The wisdom of Warren Buffett as represented in his stock picking is music to
any investor's ears. His approach is so disciplined and so successful that it
stands to reason that if all everyone did was purchase the same stocks he does,
and held just as long, we'd all be rich. Of course, that's not exactly true,
as Buffett's holdings through his firm, Berkshire Hathaway (NYSE: BRK.B )
are not made public until many months after his purchase. However, that
doesn't mean there isn't value in the stocks he selects. After all, he says
his ideal holding period is forever. So if it means getting in a bit later than
he does, and holding as long as he does, it shouldn't matter that much in the
long run. But suppose you are just starting out in the market and want to fill
your portfolio with some of his selections. Does it make sense even at this late
date? It might. It depends on your own risk profile and investment horizon. Here
are three Buffett stocks worth examining. DirecTV (NASDAQ: DTV ) has been a
personal favorite of mine for some time. While other cable and satellite firms
have struggled, DirecTV has consistently increased market share and added
subscribers while increasing the average revenue it collects from each
subscriber and it has seen explosive growth in Latin America. DTV uses its
capital incredibly efficiently (return on invested capital is 23%), has been
buying back stock hand over fist and is a marketing juggernaut. I got a little
worried when second-quarter subscriber numbers disappointed , but the company
has bounced back with stellar Q3 earnings. The company added 1.28 million new
subscribers in the U.S. alone, and Latin America growth continued unabated. My
only question is what the company's long-term vision might be. There's still
plenty of territory to grab, but at some point one wonders what keeps
subscribers from cutting the cord when and if delivery systems become
commoditized or Internet delivery supercedes satellite. For now, I think Buffett
is right on target, but I have that lingering question in my mind. I love dollar
stores . I compare them often. All this time, I've always sided with Dollar
Tree (NASDAQ: DLTR ) over its competitors. My resolve was shaken when hedge fund
guru Bill Ackman took a big position in Family Dollar Stores (NYSE: FDO ) and
when Warren Buffett opened a position in Dollar General (NYSE: DG ). What are
these guys seeing that I don't? I don't know what Buffett is thinking.
Dollar General sits on $2.77 billion in debt (which is vastly more than its
competitors), has net margins well below Dollar Tree's and still trades at
roughly the same valuation as its competitors. I don't get this one at all,
and I say stay away. There is, however, little to argue with regarding Warren
Buffett's holdings in Coca-Cola (NYSE: KO ). This is one of those cases where
he's had this stock a very long time and has seen mega-returns. That doesn't
mean KOs run is over, though. It does, however, look mighty pricey at $66 not
much below where it was when I examined it as part of the "Should You Buy the
Dow series. Don't jump in right now. Wait for a pullback to at least the
mid-50s uh, stock price, that is, not the 1950s, when Buffett probably bought
in. As of this writing, Lawrence Meyers did not hold a position in any of the
aforementioned stocks.
any investor's ears. His approach is so disciplined and so successful that it
stands to reason that if all everyone did was purchase the same stocks he does,
and held just as long, we'd all be rich. Of course, that's not exactly true,
as Buffett's holdings through his firm, Berkshire Hathaway (NYSE: BRK.B )
are not made public until many months after his purchase. However, that
doesn't mean there isn't value in the stocks he selects. After all, he says
his ideal holding period is forever. So if it means getting in a bit later than
he does, and holding as long as he does, it shouldn't matter that much in the
long run. But suppose you are just starting out in the market and want to fill
your portfolio with some of his selections. Does it make sense even at this late
date? It might. It depends on your own risk profile and investment horizon. Here
are three Buffett stocks worth examining. DirecTV (NASDAQ: DTV ) has been a
personal favorite of mine for some time. While other cable and satellite firms
have struggled, DirecTV has consistently increased market share and added
subscribers while increasing the average revenue it collects from each
subscriber and it has seen explosive growth in Latin America. DTV uses its
capital incredibly efficiently (return on invested capital is 23%), has been
buying back stock hand over fist and is a marketing juggernaut. I got a little
worried when second-quarter subscriber numbers disappointed , but the company
has bounced back with stellar Q3 earnings. The company added 1.28 million new
subscribers in the U.S. alone, and Latin America growth continued unabated. My
only question is what the company's long-term vision might be. There's still
plenty of territory to grab, but at some point one wonders what keeps
subscribers from cutting the cord when and if delivery systems become
commoditized or Internet delivery supercedes satellite. For now, I think Buffett
is right on target, but I have that lingering question in my mind. I love dollar
stores . I compare them often. All this time, I've always sided with Dollar
Tree (NASDAQ: DLTR ) over its competitors. My resolve was shaken when hedge fund
guru Bill Ackman took a big position in Family Dollar Stores (NYSE: FDO ) and
when Warren Buffett opened a position in Dollar General (NYSE: DG ). What are
these guys seeing that I don't? I don't know what Buffett is thinking.
Dollar General sits on $2.77 billion in debt (which is vastly more than its
competitors), has net margins well below Dollar Tree's and still trades at
roughly the same valuation as its competitors. I don't get this one at all,
and I say stay away. There is, however, little to argue with regarding Warren
Buffett's holdings in Coca-Cola (NYSE: KO ). This is one of those cases where
he's had this stock a very long time and has seen mega-returns. That doesn't
mean KOs run is over, though. It does, however, look mighty pricey at $66 not
much below where it was when I examined it as part of the "Should You Buy the
Dow series. Don't jump in right now. Wait for a pullback to at least the
mid-50s uh, stock price, that is, not the 1950s, when Buffett probably bought
in. As of this writing, Lawrence Meyers did not hold a position in any of the
aforementioned stocks.
The Gold Price Jumped 32.10 Today, Can It Break Through It’s $1,800 Resistance?
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DG365FD46564GFH654FU898 Gold Price Close Today : 1745.50 Change : 32.10 or 1.9% Silver Price Close Today : 3273.1 Change : 87.8 cents or 2.8% Gold Silver Ratio Today : 53.329 Change : -0.462 or -0.9% Silver Gold Ratio Today : 0.01875 Change : 0.000161 or 0.9% Platinum Price Close Today : 1558.30 Change : 21.30 or 1.4% Palladium Price Close Today : 614.10 Change : 25.35 or 4.3% S&P 500 : 1,246.96 Change : 51.77 or 4.3% Dow In GOLD$ : $142.66 Change : $ 3.25 or 2.3% Dow in GOLD oz : 6.901 Change : 0.157 or 2.3% Dow in SILVER oz : 368.02 Change : 5.24 or 1.4% Dow Industrial : 12,045.68 Change : 490.05 or 4.2% US Dollar Index : 78.35 Change : -0.653 or -0.8% The GOLD PRICE jumped $32.10 today (1.9%), clearing at a single bound the troublesome $1,720 and $1,740 resistance. Alas, it couldn’t get through $1,750, as the $1,749.56 high proved. Closed at $1,745.50 The GOLD PRICE showed a straight up single move with the coinciding with the central bank announcement but then it traded flat the rest of the day. Hmmmm. GOLD has poked its head through its overhead trendline, but not by much. Odds say it will rise. Stoutest resistance remains at $1,775 and $1,800. The SILVER PRICE also spurted up on Blarney, bursting thru 3220c resistance, and adding 87.8c (2.8%) to close at 3273.10. That was near the 3293c high. The SILVER PRICE has now once again come to the 3300c barrier, where we have so often met before. SILVER did not quite break through its 20 DMA (3330c), and remains in a large even-sided triangle that has been building since the high mid-August and the low end-September. It’s traded all the way into the nose, so must resolve up or down soon. If silver and gold continue to advance — that is, if today’s jumps were something more than a reaction to the central banks’ Blarney — then I will throw in the towel and start buying heavily. Silver will break out to the upside if it closes above 3300c then keeps on advancing. Gold still must clear $1,800 to convince me finally. The really fun part of commenting about markets is the never-failing threat of a Government Surprise Party sprung overnight, changing the whole outlook and leaving you looking like a natural born fool. Something stinks here like that wild-caught salmon your wife bought at the grocery store that then fell out of her grocery bag under your car seat just before you left town in July for three weeks in the other car. Let’s keep this as simple as possible. The Establishment, whose agents are central bankers and governments, has only two weapons against financial crisis: BLARNEY and LIQUIDITY. Blarney is trotting out Warren Buffett or some obscure economist with Coke-bottle bottom glasses or some president or politician to make a statement that the economy is really basically sound, so all you victims really don’t need to flee out of the trap after all. Liquidity is printing more money, since after all a “financial crisis” or “panic” is a panic for money. More money, less panic. Both the Blarney and Liquidity cannons aim to win the same hill: TIME. Buy time to let the panic settle down. This morning all the world’s important central banks — the US Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, Swiss National Bank, and European central bank — announced a big co-ordinated intervention to increase liquidity by lowering swap rates. (Swaps are central bank transactions where one bank swaps for another currency with a guaranty to swap back in the future.) Since the European banks have been starved for liquidity and need dollars, the ECB needs to borrow them from the Fed. Today’s action makes it 50 basis points cheaper (0.5%) to borrow dollars. Get this much straight: This does not by any stretch of the imagination solve the euro crisis, it only mollifies the liquidity fever. Now think further: long term, how will this act, increasing liquidity a.k.a. printing more money, affect (1) the value of currencies, (2) the value of stocks, and (3) the value of silver and gold? (1) inflation will drive down currency values. (2) inflation will increase economic uncertainty and management perplexity while it pounds capital down the rat-hole of mal-investment. Twill drive the value of stocks down, or at least, they will not gain value faster than the inflation can pilfer it. (3) Inflation is the chief and only driver of silver and gold bull markets, so more inflation means higher silver and gold prices. Short term, they throw these government surprise parties and send markets screaming in the opposite direction for a few days, then sobriety takes over again and the gains disappear. I’m not sure where this leaves in the next 3 months with silver and gold. They may resume their correction for one more push down, or we may have seen the lows last week. I bought some today, just on the chance that tomorrow gold climbs over $1,750, calling everybody in the world to buy. US DOLLAR INDEX today fell 65.3 basis points to 78.354 (down 0.84%). No surprise there, when the biggest central banks in the world announce they are going to cheapen the dollar. Euro rose 0.98% to 1.3441, yen rose 0.48% to 128.92c/Y100 (Y77.57/$1). Surprise! This move didn’t wreck the dollar. It brought it back to the uptrend line, but only poking thru it a little. Needs to hold 78. STOCKS rose in a frenzy. Dow gained 490.05 (4.24%), a huge move, to close 12,045.68. S&P 500 rose 512.77 (4.33%) to 1,246.96. That big jump took stocks thru their 50 and 200 day moving averages (11,553.37 and 11,949) and they closed near the high of the day. Lots of energy, expended, don’t you think, only to bring them back to the established downtrend line? Yep, that’s right, I NEVER say anything “fair” about stocks, because I am persuaded that they are a trap, cocked and loaded to take away your money. If I am wrong, I am at least sincerely wrong. I invite you not to ponder, as an idea too hideous for minds of good will, that this entire financial crisis, from 2006 until now, has been managed to force the tortured people of the world to beg for a cure, a supranational government that will end the economic pain. I’m not sure the Establishment would precipitate that, but they will surely turn such events to their centralizing advantage. Now y’all know everything I know, but that ain’t much. After all, I’m still just a natural born fool from Tennessee who believes that cornbread and greens with integrity tastes better than cake won as a tapeworm, and that borrowing money and blowing it is not as wise as producing something and creating wealth and — perish the thought — living within your means. Clearly, I am destined for extinction. Well, either that, or the other side is, but without the Blarney and Liquidity cannons how can I win? I have only reason and common sense and the eternal truth to work with. What’s that against Blarney, Liquidity, Central Banks, and USA Today? 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.
Erdene raises funding from #Mongolian investors
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min2664 Halifax junior mining company Erdene Resource Development Corp. has closed a $1.7-million private placement with #Mongolian investors, the proceeds of which will be used for exploration at its Mongolian properties. The company has been exploring for copper, gold and molybdenum since 2009 in southwestern Mongolia & will use the money to do more work on its Altan Nar gold project. The development of Mongolia's vast and untapped mineral wealth is creating vast growth in the region, and the IMF foresees Mongolia's GDP per capita to quadruple by 2018. As referenced by #Marc Faber, the potential "Saudi Arabia of Asia" has immense potential and only a tiny portion has been explored to date. Peter Akerley of Erdene Resource Development Corp. as well as numerous other miners with Mongolian projects will be presenting at the Asia Mining Congress in Singapore. To find out more about the Mongolia section of the event, visit our website. Source: http://thechronicleherald.ca/business/37483-erdene-raises-exploration-money-mongolia
Bountiful year of the #CAT – Caterpillar that is
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min2664 In the mid of this year, #Caterpillar completed the acquisition of Buycrus mining, and now the equipment making giant is looking east to further expand their businesses to serve their Asian customers. Caterpillar has made a bid for Hong Kong listed ERA Mining Machinery, who owns Zhengzhou Siwei Mechanical & Electric Equipment Manufacturing, a supplier of mining equipment based in China's Henan Province. Caterpillar intends to "build on Siwei's strong reputation and relationships in China, further investing in its mining roof support business and operations," according to a statement by Steve Wunning, Caterpillar group president with responsibility for resource industries. Caterpillar will also "bring Siwei's products to more customers outside of China," he said. The Asia-Pacific region as a whole is the world's largest and fastest-growing market for coal. Read the forbes article here: http://www.forbes.com/sites/russellflannery/2011/11/12/caterpillar-bid-lifts-era-mining-shares-by-21-in-latest-hk-takeover/ This growth has led to the company becoming a well sought after employer during these volatility times – especially with the company announcing its plans to hire 1,000 people for its new proposed new plant, a much needed relief after months of mediocre job data. It is no small wonder that what many US state officials want for Christmas is new Caterpillar Inc. construction-equipment factory! Caterpillar is a gold sponsor at the Asia Mining Congress 2012 in Singapore. To learn about Asia Mining Congress, visit http://www.terrapinn.com/conference/asia-mining-congress/ or download our brochure here
Top Oversold U.S.-Listed Chinese Stocks (Nov 30, 2011)
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tdp2664 China Analyst Below are the latest oversold U.S.-listed Chinese stocks. Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) is the most oversold U.S.-listed Chinese stock on Nov. 30. It was down 3.2% on the day. CCSC's upside potential is 30.5% based on brokerage analysts' average target price of $12.12. It is trading at 33.3% of its 52-week high of $27.88, and 1.8% above its 52-week low of $9.13. Renren Inc (NYSE:RENN) is the second most oversold U.S.-listed Chinese stock on Nov. 30. It was down 1.9% on the day. RENN's upside potential is 105.9% based on brokerage analysts' average target price of $7.62. It is trading at 15.4% of its 52-week high of $24.00, and 9.5% above its 52-week low of $3.38. ZHONGPIN INC. (NASDAQ:HOGS) is the third most oversold U.S.-listed Chinese stock on Nov. 30. It was down 1.0% on the day. HOGS's upside potential is 69.0% based on brokerage analysts' average target price of $15.92. It is trading at 44.7% of its 52-week high of $21.07, and 42.7% above its 52-week low of $6.60. Seaspan Corporation (NYSE:SSW) is the fourth most oversold U.S.-listed Chinese stock on Nov. 30. It was down 0.7% on the day. SSW's upside potential is 71.8% based on brokerage analysts' average target price of $18.00. It is trading at 49.1% of its 52-week high of $21.33, and 2.6% above its 52-week low of $10.21.
Top Oversold U.S.-Listed Chinese Stocks (Nov 30, 2011)
Below are the latest oversold U.S.-listed Chinese stocks. Country Syl Ckng
Restaurant Chain Co Ltd (NYSE:CCSC) is the most oversold U.S.-listed Chinese
stock on Nov. 30. It was down 3.2% on the day. CCSCs upside potential is 30.5%
based on brokerage analysts average target price of $12.12. It is trading at
33.3% of its 52-week high of $27.88, and 1.8% above its 52-week low of $9.13.
Renren Inc (NYSE:RENN) is the second most oversold U.S.-listed Chinese stock on
Nov. 30. It was down 1.9% on the day. RENNs upside potential is 105.9% based on
brokerage analysts average target price of $7.62. It is trading at 15.4% of its
52-week high of $24.00, and 9.5% above its 52-week low of $3.38. ZHONGPIN INC.
(NASDAQ:HOGS) is the third most oversold U.S.-listed Chinese stock on Nov. 30.
It was down 1.0% on the day. HOGSs upside potential is 69.0% based on brokerage
analysts average target price of $15.92. It is trading at 44.7% of its 52-week
high of $21.07, and 42.7% above its 52-week low of $6.60. Seaspan Corporation
(NYSE:SSW) is the fourth most oversold U.S.-listed Chinese stock on Nov. 30. It
was down 0.7% on the day. SSWs upside potential is 71.8% based on brokerage
analysts average target price of $18.00. It is trading at 49.1% of its 52-week
high of $21.33, and 2.6% above its 52-week low of $10.21.
Restaurant Chain Co Ltd (NYSE:CCSC) is the most oversold U.S.-listed Chinese
stock on Nov. 30. It was down 3.2% on the day. CCSCs upside potential is 30.5%
based on brokerage analysts average target price of $12.12. It is trading at
33.3% of its 52-week high of $27.88, and 1.8% above its 52-week low of $9.13.
Renren Inc (NYSE:RENN) is the second most oversold U.S.-listed Chinese stock on
Nov. 30. It was down 1.9% on the day. RENNs upside potential is 105.9% based on
brokerage analysts average target price of $7.62. It is trading at 15.4% of its
52-week high of $24.00, and 9.5% above its 52-week low of $3.38. ZHONGPIN INC.
(NASDAQ:HOGS) is the third most oversold U.S.-listed Chinese stock on Nov. 30.
It was down 1.0% on the day. HOGSs upside potential is 69.0% based on brokerage
analysts average target price of $15.92. It is trading at 44.7% of its 52-week
high of $21.07, and 42.7% above its 52-week low of $6.60. Seaspan Corporation
(NYSE:SSW) is the fourth most oversold U.S.-listed Chinese stock on Nov. 30. It
was down 0.7% on the day. SSWs upside potential is 71.8% based on brokerage
analysts average target price of $18.00. It is trading at 49.1% of its 52-week
high of $21.33, and 2.6% above its 52-week low of $10.21.
Bountiful year of the #CAT – Caterpillar that is
In the mid of this year, #Caterpillar completed the acquisition of Buycrus
mining, and now the equipment making giant is looking east to further expand
their businesses to serve their Asian customers. Caterpillar has made a bid for
Hong Kong listed ERA Mining Machinery, who owns Zhengzhou Siwei Mechanical &
Electric Equipment Manufacturing, a supplier of mining equipment based in
China's Henan Province. Caterpillar intends to "build on Siwei's strong
reputation and relationships in China, further investing in its mining roof
support business and operations," according to a statement by Steve Wunning,
Caterpillar group president with responsibility for resource industries.
Caterpillar will also "bring Siwei's products to more customers outside of
China," he said. The Asia-Pacific region as a whole is the world's largest
and fastest-growing market for coal. Read the forbes article here:
http://www.forbes.com/sites/russellflannery/2011/11/12/caterpillar-bid-lifts-era-mining-shares-by-21-in-latest-hk-takeover/
This growth has led to the company becoming a well sought after employer during
these volatility times – especially with the company announcing its plans to
hire 1,000 people for its new proposed new plant, a much needed relief after
months of mediocre job data. It is no small wonder that what many US state
officials want for Christmas is new Caterpillar Inc. construction-equipment
factory! Caterpillar is a gold sponsor at the Asia Mining Congress 2012 in
Singapore. To learn about Asia Mining Congress, visit
http://www.terrapinn.com/conference/asia-mining-congress/ or download our
brochure here
mining, and now the equipment making giant is looking east to further expand
their businesses to serve their Asian customers. Caterpillar has made a bid for
Hong Kong listed ERA Mining Machinery, who owns Zhengzhou Siwei Mechanical &
Electric Equipment Manufacturing, a supplier of mining equipment based in
China's Henan Province. Caterpillar intends to "build on Siwei's strong
reputation and relationships in China, further investing in its mining roof
support business and operations," according to a statement by Steve Wunning,
Caterpillar group president with responsibility for resource industries.
Caterpillar will also "bring Siwei's products to more customers outside of
China," he said. The Asia-Pacific region as a whole is the world's largest
and fastest-growing market for coal. Read the forbes article here:
http://www.forbes.com/sites/russellflannery/2011/11/12/caterpillar-bid-lifts-era-mining-shares-by-21-in-latest-hk-takeover/
This growth has led to the company becoming a well sought after employer during
these volatility times – especially with the company announcing its plans to
hire 1,000 people for its new proposed new plant, a much needed relief after
months of mediocre job data. It is no small wonder that what many US state
officials want for Christmas is new Caterpillar Inc. construction-equipment
factory! Caterpillar is a gold sponsor at the Asia Mining Congress 2012 in
Singapore. To learn about Asia Mining Congress, visit
http://www.terrapinn.com/conference/asia-mining-congress/ or download our
brochure here
Erdene raises funding from #Mongolian investors
Halifax junior mining company Erdene Resource Development Corp. has closed a
$1.7-million private placement with #Mongolian investors, the proceeds of which
will be used for exploration at its Mongolian properties. The company has been
exploring for copper, gold and molybdenum since 2009 in southwestern Mongolia &
will use the money to do more work on its Altan Nar gold project. The
development of Mongolia's vast and untapped mineral wealth is creating vast
growth in the region, and the IMF foresees Mongolia's GDP per capita to
quadruple by 2018. As referenced by #Marc Faber, the potential "Saudi Arabia
of Asia" has immense potential and only a tiny portion has been explored to
date. Peter Akerley of Erdene Resource Development Corp. as well as numerous
other miners with Mongolian projects will be presenting at the Asia Mining
Congress in Singapore. To find out more about the Mongolia section of the event,
visit our website. Source:
http://thechronicleherald.ca/business/37483-erdene-raises-exploration-money-mongolia
$1.7-million private placement with #Mongolian investors, the proceeds of which
will be used for exploration at its Mongolian properties. The company has been
exploring for copper, gold and molybdenum since 2009 in southwestern Mongolia &
will use the money to do more work on its Altan Nar gold project. The
development of Mongolia's vast and untapped mineral wealth is creating vast
growth in the region, and the IMF foresees Mongolia's GDP per capita to
quadruple by 2018. As referenced by #Marc Faber, the potential "Saudi Arabia
of Asia" has immense potential and only a tiny portion has been explored to
date. Peter Akerley of Erdene Resource Development Corp. as well as numerous
other miners with Mongolian projects will be presenting at the Asia Mining
Congress in Singapore. To find out more about the Mongolia section of the event,
visit our website. Source:
http://thechronicleherald.ca/business/37483-erdene-raises-exploration-money-mongolia
Should You Indulge in Luxury Stocks Now?
At the end of August, I wrote about the diverging fortunes of the "Two
Americas" and used the relative performance of high-end jeweler Tiffany & Co
(NYSE: TIF ) and the everyman store Wal-Mart (NYSE: WMT ). Click to Enlarge
While Tiffany had been enjoying massive sales and profits gains and this
despite rising costs for the company's gold and diamond inputs Wal-Mart had
posted nine consecutive quarters of declining domestic sales. Wal-Mart's core
demographic middle- and working-class Americans were suffering, while the
global wealthy were doing just fine. I was not bearish on Wal-Mart (after all,
if any retailer can survive a rough economy, it would be the colossus from
Bentonville, Ark.), but I recommended investors carve out room in their
portfolios for an allocation to the luxury goods sector. In addition to Tiffany,
I offered Coach (NYSE: COH ) and LVMH Moet Hennessy Louis Vuitton (PINK: LVMUY )
as suggestions. Alas, investors would have been better off just buying Wal-Mart.
As you can see in the chart, WMT has been the best-performing stock of the
group. My, what a difference three months can make. Wal-Mart finally broke its
chain of declining quarters when it announced earnings earlier this month, and
Tiffany issued a disappointing outlook on Tuesday that sent its shares down more
than 11% intraday. The entire luxury sector fell in sympathy on fears that the
euro zone crisis would sap demand for expensive baubles and trinkets. So are
investors right to be concerned? Has Europe killed the bull market in bling? If
Tiffany's earnings release is any indication, the answer is an emphatic
"no." Sales were up 21% and earnings per share climbed a whopping 63% for
the quarter ended Oct. 31. Sales in the Americas were up 17%, and importantly
sales in Asia were up 44% on strong demand from China. Even in Europe, the
epicenter of the crisis, same-store sales were up a respectable 6% after
adjusting for currency moves. Tiffany CEO Patrick McGuiness said in the
conference call that fourth-quarter sales were "meeting expectations" but
that he was "certainly not implying that Tiffany will be completely
insulated" from the economic shockwaves emanating from Europe. Analysts had
expected fourth-quarter earnings of $1.63 per share, but McGuiness indicated
earnings likely would be five cents lower at $1.58. It's hard to look at these
numbers and see justification for an 11% correction, but such is life in
marketland. Markets are forward looking, and when too much optimism is baked
into the stock price, disappointments like these happen. On the flip side, when
too much pessimism is baked into prices, even trivially good news can send a
stock's price soaring. Consider Research In Motion 's (NASDAQ: RIMM )
announcement Tuesday that it would open its corporate networks to iPhones and
Android phones. RIMM shot up by more than 8% before backing off slightly.
Americas" and used the relative performance of high-end jeweler Tiffany & Co
(NYSE: TIF ) and the everyman store Wal-Mart (NYSE: WMT ). Click to Enlarge
While Tiffany had been enjoying massive sales and profits gains and this
despite rising costs for the company's gold and diamond inputs Wal-Mart had
posted nine consecutive quarters of declining domestic sales. Wal-Mart's core
demographic middle- and working-class Americans were suffering, while the
global wealthy were doing just fine. I was not bearish on Wal-Mart (after all,
if any retailer can survive a rough economy, it would be the colossus from
Bentonville, Ark.), but I recommended investors carve out room in their
portfolios for an allocation to the luxury goods sector. In addition to Tiffany,
I offered Coach (NYSE: COH ) and LVMH Moet Hennessy Louis Vuitton (PINK: LVMUY )
as suggestions. Alas, investors would have been better off just buying Wal-Mart.
As you can see in the chart, WMT has been the best-performing stock of the
group. My, what a difference three months can make. Wal-Mart finally broke its
chain of declining quarters when it announced earnings earlier this month, and
Tiffany issued a disappointing outlook on Tuesday that sent its shares down more
than 11% intraday. The entire luxury sector fell in sympathy on fears that the
euro zone crisis would sap demand for expensive baubles and trinkets. So are
investors right to be concerned? Has Europe killed the bull market in bling? If
Tiffany's earnings release is any indication, the answer is an emphatic
"no." Sales were up 21% and earnings per share climbed a whopping 63% for
the quarter ended Oct. 31. Sales in the Americas were up 17%, and importantly
sales in Asia were up 44% on strong demand from China. Even in Europe, the
epicenter of the crisis, same-store sales were up a respectable 6% after
adjusting for currency moves. Tiffany CEO Patrick McGuiness said in the
conference call that fourth-quarter sales were "meeting expectations" but
that he was "certainly not implying that Tiffany will be completely
insulated" from the economic shockwaves emanating from Europe. Analysts had
expected fourth-quarter earnings of $1.63 per share, but McGuiness indicated
earnings likely would be five cents lower at $1.58. It's hard to look at these
numbers and see justification for an 11% correction, but such is life in
marketland. Markets are forward looking, and when too much optimism is baked
into the stock price, disappointments like these happen. On the flip side, when
too much pessimism is baked into prices, even trivially good news can send a
stock's price soaring. Consider Research In Motion 's (NASDAQ: RIMM )
announcement Tuesday that it would open its corporate networks to iPhones and
Android phones. RIMM shot up by more than 8% before backing off slightly.
The Gold Price Jumped 32.10 Today, Can It Break Through It's $1,800 Resistance?
Gold Price Close Today : 1745.50 Change : 32.10 or 1.9% Silver Price Close
Today : 3273.1 Change : 87.8 cents or 2.8% Gold Silver Ratio Today : 53.329
Change : -0.462 or -0.9% Silver Gold Ratio Today : 0.01875 Change : 0.000161 or
0.9% Platinum Price Close Today : 1558.30 Change : 21.30 or 1.4% Palladium Price
Close Today : 614.10 Change : 25.35 or 4.3% S&P 500 : 1,246.96 Change : 51.77 or
4.3% Dow In GOLD$ : $142.66 Change : $ 3.25 or 2.3% Dow in GOLD oz : 6.901
Change : 0.157 or 2.3% Dow in SILVER oz : 368.02 Change : 5.24 or 1.4% Dow
Industrial : 12,045.68 Change : 490.05 or 4.2% US Dollar Index : 78.35 Change :
-0.653 or -0.8% The GOLD PRICE jumped $32.10 today (1.9%), clearing at a single
bound the troublesome $1,720 and $1,740 resistance. Alas, it couldn't get
through $1,750, as the $1,749.56 high proved. Closed at $1,745.50 The GOLD PRICE
showed a straight up single move with the coinciding with the central bank
announcement but then it traded flat the rest of the day. Hmmmm. GOLD has poked
its head through its overhead trendline, but not by much. Odds say it will rise.
Stoutest resistance remains at $1,775 and $1,800. The SILVER PRICE also spurted
up on Blarney, bursting thru 3220c resistance, and adding 87.8c (2.8%) to close
at 3273.10. That was near the 3293c high. The SILVER PRICE has now once again
come to the 3300c barrier, where we have so often met before. SILVER did not
quite break through its 20 DMA (3330c), and remains in a large even-sided
triangle that has been building since the high mid-August and the low
end-September. It's traded all the way into the nose, so must resolve up or down
soon. If silver and gold continue to advance -- that is, if today's jumps were
something more than a reaction to the central banks' Blarney -- then I will
throw in the towel and start buying heavily. Silver will break out to the upside
if it closes above 3300c then keeps on advancing. Gold still must clear $1,800
to convince me finally. The really fun part of commenting about markets is the
never-failing threat of a Government Surprise Party sprung overnight, changing
the whole outlook and leaving you looking like a natural born fool. Something
stinks here like that wild-caught salmon your wife bought at the grocery store
that then fell out of her grocery bag under your car seat just before you left
town in July for three weeks in the other car. Let's keep this as simple as
possible. The Establishment, whose agents are central bankers and governments,
has only two weapons against financial crisis: BLARNEY and LIQUIDITY. Blarney is
trotting out Warren Buffett or some obscure economist with Coke-bottle bottom
glasses or some president or politician to make a statement that the economy is
really basically sound, so all you victims really don't need to flee out of the
trap after all. Liquidity is printing more money, since after all a "financial
crisis" or "panic" is a panic for money. More money, less panic. Both the
Blarney and Liquidity cannons aim to win the same hill: TIME. Buy time to let
the panic settle down. This morning all the world's important central banks --
the US Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, Swiss
National Bank, and European central bank -- announced a big co-ordinated
intervention to increase liquidity by lowering swap rates. (Swaps are central
bank transactions where one bank swaps for another currency with a guaranty to
swap back in the future.) Since the European banks have been starved for
liquidity and need dollars, the ECB needs to borrow them from the Fed. Today's
action makes it 50 basis points cheaper (0.5%) to borrow dollars. Get this much
straight: This does not by any stretch of the imagination solve the euro crisis,
it only mollifies the liquidity fever. Now think further: long term, how will
this act, increasing liquidity a.k.a. printing more money, affect (1) the value
of currencies, (2) the value of stocks, and (3) the value of silver and gold?
(1) inflation will drive down currency values. (2) inflation will increase
economic uncertainty and management perplexity while it pounds capital down the
rat-hole of mal-investment. Twill drive the value of stocks down, or at least,
they will not gain value faster than the inflation can pilfer it. (3) Inflation
is the chief and only driver of silver and gold bull markets, so more inflation
means higher silver and gold prices. Short term, they throw these government
surprise parties and send markets screaming in the opposite direction for a few
days, then sobriety takes over again and the gains disappear. I'm not sure where
this leaves in the next 3 months with silver and gold. They may resume their
correction for one more push down, or we may have seen the lows last week. I
bought some today, just on the chance that tomorrow gold climbs over $1,750,
calling everybody in the world to buy. US DOLLAR INDEX today fell 65.3 basis
points to 78.354 (down 0.84%). No surprise there, when the biggest central banks
in the world announce they are going to cheapen the dollar. Euro rose 0.98% to
1.3441, yen rose 0.48% to 128.92c/Y100 (Y77.57/$1). Surprise! This move didn't
wreck the dollar. It brought it back to the uptrend line, but only poking thru
it a little. Needs to hold 78. STOCKS rose in a frenzy. Dow gained 490.05
(4.24%), a huge move, to close 12,045.68. S&P 500 rose 512.77 (4.33%) to
1,246.96. That big jump took stocks thru their 50 and 200 day moving averages
(11,553.37 and 11,949) and they closed near the high of the day. Lots of energy,
expended, don't you think, only to bring them back to the established downtrend
line? Yep, that's right, I NEVER say anything "fair" about stocks, because I am
persuaded that they are a trap, cocked and loaded to take away your money. If I
am wrong, I am at least sincerely wrong. I invite you not to ponder, as an idea
too hideous for minds of good will, that this entire financial crisis, from 2006
until now, has been managed to force the tortured people of the world to beg for
a cure, a supranational government that will end the economic pain. I'm not sure
the Establishment would precipitate that, but they will surely turn such events
to their centralizing advantage. Now y'all know everything I know, but that
ain't much. After all, I'm still just a natural born fool from Tennessee who
believes that cornbread and greens with integrity tastes better than cake won as
a tapeworm, and that borrowing money and blowing it is not as wise as producing
something and creating wealth and -- perish the thought -- living within your
means. Clearly, I am destined for extinction. Well, either that, or the other
side is, but without the Blarney and Liquidity cannons how can I win? I have
only reason and common sense and the eternal truth to work with. What's that
against Blarney, Liquidity, Central Banks, and USA Today? 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$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
Today : 3273.1 Change : 87.8 cents or 2.8% Gold Silver Ratio Today : 53.329
Change : -0.462 or -0.9% Silver Gold Ratio Today : 0.01875 Change : 0.000161 or
0.9% Platinum Price Close Today : 1558.30 Change : 21.30 or 1.4% Palladium Price
Close Today : 614.10 Change : 25.35 or 4.3% S&P 500 : 1,246.96 Change : 51.77 or
4.3% Dow In GOLD$ : $142.66 Change : $ 3.25 or 2.3% Dow in GOLD oz : 6.901
Change : 0.157 or 2.3% Dow in SILVER oz : 368.02 Change : 5.24 or 1.4% Dow
Industrial : 12,045.68 Change : 490.05 or 4.2% US Dollar Index : 78.35 Change :
-0.653 or -0.8% The GOLD PRICE jumped $32.10 today (1.9%), clearing at a single
bound the troublesome $1,720 and $1,740 resistance. Alas, it couldn't get
through $1,750, as the $1,749.56 high proved. Closed at $1,745.50 The GOLD PRICE
showed a straight up single move with the coinciding with the central bank
announcement but then it traded flat the rest of the day. Hmmmm. GOLD has poked
its head through its overhead trendline, but not by much. Odds say it will rise.
Stoutest resistance remains at $1,775 and $1,800. The SILVER PRICE also spurted
up on Blarney, bursting thru 3220c resistance, and adding 87.8c (2.8%) to close
at 3273.10. That was near the 3293c high. The SILVER PRICE has now once again
come to the 3300c barrier, where we have so often met before. SILVER did not
quite break through its 20 DMA (3330c), and remains in a large even-sided
triangle that has been building since the high mid-August and the low
end-September. It's traded all the way into the nose, so must resolve up or down
soon. If silver and gold continue to advance -- that is, if today's jumps were
something more than a reaction to the central banks' Blarney -- then I will
throw in the towel and start buying heavily. Silver will break out to the upside
if it closes above 3300c then keeps on advancing. Gold still must clear $1,800
to convince me finally. The really fun part of commenting about markets is the
never-failing threat of a Government Surprise Party sprung overnight, changing
the whole outlook and leaving you looking like a natural born fool. Something
stinks here like that wild-caught salmon your wife bought at the grocery store
that then fell out of her grocery bag under your car seat just before you left
town in July for three weeks in the other car. Let's keep this as simple as
possible. The Establishment, whose agents are central bankers and governments,
has only two weapons against financial crisis: BLARNEY and LIQUIDITY. Blarney is
trotting out Warren Buffett or some obscure economist with Coke-bottle bottom
glasses or some president or politician to make a statement that the economy is
really basically sound, so all you victims really don't need to flee out of the
trap after all. Liquidity is printing more money, since after all a "financial
crisis" or "panic" is a panic for money. More money, less panic. Both the
Blarney and Liquidity cannons aim to win the same hill: TIME. Buy time to let
the panic settle down. This morning all the world's important central banks --
the US Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, Swiss
National Bank, and European central bank -- announced a big co-ordinated
intervention to increase liquidity by lowering swap rates. (Swaps are central
bank transactions where one bank swaps for another currency with a guaranty to
swap back in the future.) Since the European banks have been starved for
liquidity and need dollars, the ECB needs to borrow them from the Fed. Today's
action makes it 50 basis points cheaper (0.5%) to borrow dollars. Get this much
straight: This does not by any stretch of the imagination solve the euro crisis,
it only mollifies the liquidity fever. Now think further: long term, how will
this act, increasing liquidity a.k.a. printing more money, affect (1) the value
of currencies, (2) the value of stocks, and (3) the value of silver and gold?
(1) inflation will drive down currency values. (2) inflation will increase
economic uncertainty and management perplexity while it pounds capital down the
rat-hole of mal-investment. Twill drive the value of stocks down, or at least,
they will not gain value faster than the inflation can pilfer it. (3) Inflation
is the chief and only driver of silver and gold bull markets, so more inflation
means higher silver and gold prices. Short term, they throw these government
surprise parties and send markets screaming in the opposite direction for a few
days, then sobriety takes over again and the gains disappear. I'm not sure where
this leaves in the next 3 months with silver and gold. They may resume their
correction for one more push down, or we may have seen the lows last week. I
bought some today, just on the chance that tomorrow gold climbs over $1,750,
calling everybody in the world to buy. US DOLLAR INDEX today fell 65.3 basis
points to 78.354 (down 0.84%). No surprise there, when the biggest central banks
in the world announce they are going to cheapen the dollar. Euro rose 0.98% to
1.3441, yen rose 0.48% to 128.92c/Y100 (Y77.57/$1). Surprise! This move didn't
wreck the dollar. It brought it back to the uptrend line, but only poking thru
it a little. Needs to hold 78. STOCKS rose in a frenzy. Dow gained 490.05
(4.24%), a huge move, to close 12,045.68. S&P 500 rose 512.77 (4.33%) to
1,246.96. That big jump took stocks thru their 50 and 200 day moving averages
(11,553.37 and 11,949) and they closed near the high of the day. Lots of energy,
expended, don't you think, only to bring them back to the established downtrend
line? Yep, that's right, I NEVER say anything "fair" about stocks, because I am
persuaded that they are a trap, cocked and loaded to take away your money. If I
am wrong, I am at least sincerely wrong. I invite you not to ponder, as an idea
too hideous for minds of good will, that this entire financial crisis, from 2006
until now, has been managed to force the tortured people of the world to beg for
a cure, a supranational government that will end the economic pain. I'm not sure
the Establishment would precipitate that, but they will surely turn such events
to their centralizing advantage. Now y'all know everything I know, but that
ain't much. After all, I'm still just a natural born fool from Tennessee who
believes that cornbread and greens with integrity tastes better than cake won as
a tapeworm, and that borrowing money and blowing it is not as wise as producing
something and creating wealth and -- perish the thought -- living within your
means. Clearly, I am destined for extinction. Well, either that, or the other
side is, but without the Blarney and Liquidity cannons how can I win? I have
only reason and common sense and the eternal truth to work with. What's that
against Blarney, Liquidity, Central Banks, and USA Today? 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.
Google Alert - gas prices today
| ||
| Today In Commodities: Kicking The Can Seeking Alpha I am still expecting a trade under last week's lows and prices to approach $90/barrel into December. Natural gas will close lower by 1.7% but we were able to hold onto the 9 day MA. Continue to scale into long s in February and March looking to ride ... See all stories on this topic » | ||
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Wednesday Apple Rumors: Microsoft Office Headed for iPad?
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Here are your Apple rumors and AAPL stock news items for Wednesday: Microsoft Preps Office for iPad: The world is up to 40 million Apple (NASDAQ: AAPL ) iPad owners. Considering that Microsoft (NASDAQ: MSFT ) relies on Microsoft Office — its suite of tools including Excel and Word — for more than $18 billion of its $60 billion in annual revenue, it’s pretty surprising that the company hasn’t brought its popular wares to the world’s hottest computing platform. That’s all about to change, according to a Tuesday report in The Daily (via Mac Rumors ). Microsoft is said to be actively working on an iPad version of its ubiquitous Office tools as well as a new version of the tools for Mac laptop and desktop computers sold through the Mac App Store. China Unicom Finally Getting the iPhone 4S: The iPhone 4S has been doing gangbusters since it released in October, but Apple still hasn’t released the phone in one of its fastest growing markets: China. However, a Wednesday report in MIC Gadget (via Apple Insider ) said Apple finally will release its latest phone in China soon. The sole official carrier of the iPhone in China, China Unicom (NYSE: CHU ), said Wednesday that the only reason it hasn’t released the iPhone 4S in China yet is that it hasn’t received a network access certificate from the Ministry of Industry and Information Technology. Once the permit is received, the phone will be out. Apple’s iPhone has made the company one of the top three mobile phone manufacturers by revenue in the world. What could secure its place at the top of the heap? Support from more telecoms around the world , particularly in China. Australian Judge Lifts Ban on Samsung Galaxy Tab: Apple can only keep a Samsung (PINK: SSNLF ) tablet down for so long. The Australian Federal Court lifted its sales ban on the Samsung Galaxy Tab on Wednesday. Justice Annabelle Bennett ruled in favor of Apple in October after deciding that the Galaxy Tab infringed on patents held by Apple. Apple and Samsung have spent the better part of the past 12 months suing one another over patent infringements while remaining business partners. Samsung manufactures the custom A5 processor that powers the iPad 2 and iPhone 4S. As of this writing, Anthony John Agnello did not hold a position in any of the aforementioned stocks. Follow him on Twitter at
NSU Makes Bullish Cross Above Critical Moving Average
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea NSU Makes Bullish Cross Above Critical Moving Average MarketNewsVideo.com – 2 hours ago By Market News Video Staff, Wednesday, November 30, 5:06 PM ET In trading on Wednesday, shares of Nevsun Resources Ltd. (AMEX:NSU) crossed above their 200 day moving average of $5.91, changing …
Gold Futures Surpass $1,750, Silver Nears $33
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver futures settled sharply higher at the COMEX on Wednesday, fueled by U.S. dollar weakness and a broad-based rally on Wall Street. COMEX gold for December 2011 delivery finished with a gain of $32.10, or 1.9%, at $1,745.50 per ounce.
Forget Amgen — Buy This Pharmaceutical Stock Instead
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace One of my first purchases in the stock market back in 1995 was Amgen (NASDAQ: AMGN ). At the time, it was a world-class biotech company with many years of solid growth behind it — and ahead of it. That was then. Things have changed. Amgen still is a world-class operation, but its growth is anemic (no pun intended) and I just don't see a compelling reason to buy it. There are, however, compelling reasons to buy another pharma stock — even to the point of selling Amgen and reallocating those funds to this other choice. Amgen simply isn't a growth story anymore, and once the big growth goes away, the only reason to hold a stock is to enjoy modest growth and a solid dividend. Amgen really isn't producing either. With revenue growth at 3%, net earnings are only going to be up 2% this year and 7% next year, with projected five-year annualized growth at 7.25%. If you put an 8 P/E on 2012 earnings of $5.70, you get $46 per share, which is 20% below today's stock price. AMGN yields only 2%, so it isn't throwing its net income back to shareholders, which doesn't make it a compelling retirement investment, either. It's not all bad news. Amgen has almost $4 billion in net cash and regularly produces about $5 billion in annual free cash flow. But the problem with a biotech company is that cash flow needs to go back into R&D and not to dividends for the company to stay competitive. It's just not a compelling story anymore. I feel differently about AstraZeneca (NYSE: AZN ). Now, you might look at the company's earnings projections and think I'm crazy. Yes, earnings will be up 8% this year, then go down a full 14% next year, and yes, the dividend was cut from 6% to 4%. But the reason is that AstraZeneca is being proactive in restructuring its business, cutting costs and improving efficiencies company-wide. The goal is optimize the company's performance as it enjoys its massive revenue streams from drugs like Crestor, Pulmicort and Nexium. AstraZeneca is taking a big hit to earnings, as mentioned above, by restructuring its R&D division, but expects to wring billions in savings beginning in 2014. Meanwhile, emerging market revenue was up 16%, and the company barely has penetrated China or Latin America. The company is positioning itself for the next era of its history. With more than $10 billion in annual free cash flow, $4 billion in net cash and a strong management team, AstraZeneca is a nice retirement portfolio purchase for its 4% yield, and for long-term investors who can be patient with the company's next phase of life. Biotech and pharma can be tough places to invest. You do need to have some expertise. If you are too worried about jumping in or out of particular stocks, but recognize the importance of exposure to the health care sector, consider an ETF like iShares S&P Global Healthcare Sector ETF (NYSE: IXJ ). As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned stocks.
5 Reasons Tom Horton Can Lead AMR Back From Bankruptcy
T o Tom Horton, new CEO of American Airlines' parent AMR Corp. (NYSE: AMR ),
the legacy carrier's bankruptcy filing on Tuesday isnt just the way out of its
myriad troubles, it's the way up. While it's customary for corporations to
put the best spin possible on the worst news imaginable, in AMR's case, Horton
has a very good chance of being right now that he has taken over from Gerard
Arpey, who headed AMR for seven years. American, which at $24.7 billion in
assets ranks as the second-largest airline bankruptcy in U.S. history, is by no
means penning its epitaph. In fact, bankruptcy might turn out to be the
beginning of the storied airline's Second Act . Since the tragedy of 9/11
which came on the heels of AMR's acquisition of bankrupt TWA American has
lost $10 billion over the decade, and its cost gap reportedly is $600 million
higher than that of its rivals. While the airline has fought hard for years to
avoid filing Chapter 11, the convergence of many factors defined for AMR that
this could be a "now or never" moment. "Over the past decade, virtually
all of our big competitors took this step," Horton told CNNMoney . "And as a
consequence, they lowered their costs and improved their capital structure in a
way that made them much more competitive." The U.S. airline industry has been
bedeviled by economic adversity, fuel price volatility, high fixed costs and
fierce competition from low-fare carriers like Southwest (NYSE: LUV ) and
JetBlue (NASDAQ: JBLU ). AMR rivals Delta (NYSE: DAL ), United (NYSE: UAL ) and
U.S. Airways (NYSE: LCC ) filed for bankruptcy over the last decade. All
improved their fates in the process. By opting for bankruptcy protection, those
carriers lowered costs and improved their capital structures to become more
competitive. Now it's American's turn to see if the fix that fueled its
rivals' fortunes still has the power to change its fate and secure its future.
But as Horton no doubt already knows, hell need to plot the right course through
AMR's turbulence just as these leaders of competing airlines have had to do
in the recent past: Delta CEO Richard Anderson replaced his predecessor, Gerald
Grinstein in 2007, after DAL emerged from bankruptcy. The company, which under
Grinstein had fended of a hostile takeover attempt by US Air earlier that year,
subsequently merged with Northwest Airlines (which had filed for bankruptcy on
the same day) under the Delta brand. It didn't hurt that Anderson knew
Northwest well he had been CEO of the airline from 2001 to 2004. You might say
Jeffrey Smisek stole the bride away from US Airways CEO Doug Parker at the
altar. When US Airways and United were in the 11th hour of merger talks back in
April 2010, the new Continental CEO sold his board on the urgency of making a
play for United, eventually sweeping Parker's would-be bride off her feet.
Now, Smisek toils to effectively blend the two carriers' cultures, fleets,
systems and sets of employees into the world's largest airline. Meanwhile, US
Airways' Parker, who remains a true believer in airline consolidation, is
still looking for a partner. And AMR just might fit the bill. Parker, who was
CEO of America West before taking over the merged US Air-America West in 2005,
shares a history with Horton at AMR both worked in finance positions with the
airline in the late 1980s and early 1990s.
the legacy carrier's bankruptcy filing on Tuesday isnt just the way out of its
myriad troubles, it's the way up. While it's customary for corporations to
put the best spin possible on the worst news imaginable, in AMR's case, Horton
has a very good chance of being right now that he has taken over from Gerard
Arpey, who headed AMR for seven years. American, which at $24.7 billion in
assets ranks as the second-largest airline bankruptcy in U.S. history, is by no
means penning its epitaph. In fact, bankruptcy might turn out to be the
beginning of the storied airline's Second Act . Since the tragedy of 9/11
which came on the heels of AMR's acquisition of bankrupt TWA American has
lost $10 billion over the decade, and its cost gap reportedly is $600 million
higher than that of its rivals. While the airline has fought hard for years to
avoid filing Chapter 11, the convergence of many factors defined for AMR that
this could be a "now or never" moment. "Over the past decade, virtually
all of our big competitors took this step," Horton told CNNMoney . "And as a
consequence, they lowered their costs and improved their capital structure in a
way that made them much more competitive." The U.S. airline industry has been
bedeviled by economic adversity, fuel price volatility, high fixed costs and
fierce competition from low-fare carriers like Southwest (NYSE: LUV ) and
JetBlue (NASDAQ: JBLU ). AMR rivals Delta (NYSE: DAL ), United (NYSE: UAL ) and
U.S. Airways (NYSE: LCC ) filed for bankruptcy over the last decade. All
improved their fates in the process. By opting for bankruptcy protection, those
carriers lowered costs and improved their capital structures to become more
competitive. Now it's American's turn to see if the fix that fueled its
rivals' fortunes still has the power to change its fate and secure its future.
But as Horton no doubt already knows, hell need to plot the right course through
AMR's turbulence just as these leaders of competing airlines have had to do
in the recent past: Delta CEO Richard Anderson replaced his predecessor, Gerald
Grinstein in 2007, after DAL emerged from bankruptcy. The company, which under
Grinstein had fended of a hostile takeover attempt by US Air earlier that year,
subsequently merged with Northwest Airlines (which had filed for bankruptcy on
the same day) under the Delta brand. It didn't hurt that Anderson knew
Northwest well he had been CEO of the airline from 2001 to 2004. You might say
Jeffrey Smisek stole the bride away from US Airways CEO Doug Parker at the
altar. When US Airways and United were in the 11th hour of merger talks back in
April 2010, the new Continental CEO sold his board on the urgency of making a
play for United, eventually sweeping Parker's would-be bride off her feet.
Now, Smisek toils to effectively blend the two carriers' cultures, fleets,
systems and sets of employees into the world's largest airline. Meanwhile, US
Airways' Parker, who remains a true believer in airline consolidation, is
still looking for a partner. And AMR just might fit the bill. Parker, who was
CEO of America West before taking over the merged US Air-America West in 2005,
shares a history with Horton at AMR both worked in finance positions with the
airline in the late 1980s and early 1990s.
Markets, Metals Soar in Tandem on Fed News
Working together with other central banks, the Federal Reserve gave a big boost
to financial and precious markets Wednesday. The Fed and other central banks are
cutting the cost for foreign countries to borrow dollars from their own central
banks in half, according to news reports. The cheap loans will be available all
the way out to February 2013. Word of increased liquidity as a result of the
lower costs to borrow dollars reassured market participants, who sent stocks and
precious metals surging higher. Spot gold was up more than 1.75% Wednesday with
a bid price of $1,745.40 per ounce and an ask price of $1,746.40 at 10:20 a.m.,
having traded as high as $1,751.50 and as low as $1,729.60. The London afternoon
reference price fixing came in at $1,746, according to Kitco market data . Spot
silver was up nearly 1.7%, bid at $32.46 with an ask price of $32.56. The
morning high as of time of writing was $32.70 and the low was $31.85. Mondays
reference price was set at $31.35 in the London a.m. Gold and silver trusts were
showing strong morning gains. The SPDR Gold Trust (NYSE: GLD ) was showing gains
of around 1.8%. The iShares Gold Trust (NYSE: IAU ) also was up nearly 1.8%. The
iShares Silver Trust (NYSE: SLV ) was moving higher, showing gains of around 2%.
In an abrupt turnaround from recent steep losses, gold and silver mining ETFs
were surging higher. The Market Vectors Gold Miners ETF (NYSE: GDX ) was up some
4.75%. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ ) was moving
higher, up nearly 6.4%. The Global X Silver Miners ETF (NYSE: SIL ) was more
than 4.6% higher. Gold mining shares were climbing steeply, with todays
coordinated central bank action adding more fuel to NovaGold Resources (AMEX:
NG ) recent surge upwards. Agnico-Eagle Mines (NYSE: AEM ) was showing gains of
nearly 4.8%. Barrick Gold Corp. (NYSE: ABX ) was around 4.3% higher. Goldcorp
(NYSE: GG ) was showing gains of 6.6% and more. Newmont Mining Corp. (NYSE: NEM
) was about 3.25% higher. NovaGold Resources continued racing higher and was up
around 8.3%. Silver mining shares also were moving higher Wednesday. Coeur
dAlene Mines Corp. (NYSE: CDE ) was nearly 6% higher. Hecla Mining (NYSE: HL )
was up nearly 5.4%. Pan American Silver Corp. (NASDAQ: PAAS ) was around 4.7%
higher. Silver Wheaton Corp. (NYSE: SLW ) was approaching gains of 5%. Silver
Standard Resources Inc. (NASDAQ: SSRI ) was up more than 2.9%. As of this
writing, Andrew Burger did not hold a position in any of the aforementioned
stocks.
to financial and precious markets Wednesday. The Fed and other central banks are
cutting the cost for foreign countries to borrow dollars from their own central
banks in half, according to news reports. The cheap loans will be available all
the way out to February 2013. Word of increased liquidity as a result of the
lower costs to borrow dollars reassured market participants, who sent stocks and
precious metals surging higher. Spot gold was up more than 1.75% Wednesday with
a bid price of $1,745.40 per ounce and an ask price of $1,746.40 at 10:20 a.m.,
having traded as high as $1,751.50 and as low as $1,729.60. The London afternoon
reference price fixing came in at $1,746, according to Kitco market data . Spot
silver was up nearly 1.7%, bid at $32.46 with an ask price of $32.56. The
morning high as of time of writing was $32.70 and the low was $31.85. Mondays
reference price was set at $31.35 in the London a.m. Gold and silver trusts were
showing strong morning gains. The SPDR Gold Trust (NYSE: GLD ) was showing gains
of around 1.8%. The iShares Gold Trust (NYSE: IAU ) also was up nearly 1.8%. The
iShares Silver Trust (NYSE: SLV ) was moving higher, showing gains of around 2%.
In an abrupt turnaround from recent steep losses, gold and silver mining ETFs
were surging higher. The Market Vectors Gold Miners ETF (NYSE: GDX ) was up some
4.75%. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ ) was moving
higher, up nearly 6.4%. The Global X Silver Miners ETF (NYSE: SIL ) was more
than 4.6% higher. Gold mining shares were climbing steeply, with todays
coordinated central bank action adding more fuel to NovaGold Resources (AMEX:
NG ) recent surge upwards. Agnico-Eagle Mines (NYSE: AEM ) was showing gains of
nearly 4.8%. Barrick Gold Corp. (NYSE: ABX ) was around 4.3% higher. Goldcorp
(NYSE: GG ) was showing gains of 6.6% and more. Newmont Mining Corp. (NYSE: NEM
) was about 3.25% higher. NovaGold Resources continued racing higher and was up
around 8.3%. Silver mining shares also were moving higher Wednesday. Coeur
dAlene Mines Corp. (NYSE: CDE ) was nearly 6% higher. Hecla Mining (NYSE: HL )
was up nearly 5.4%. Pan American Silver Corp. (NASDAQ: PAAS ) was around 4.7%
higher. Silver Wheaton Corp. (NYSE: SLW ) was approaching gains of 5%. Silver
Standard Resources Inc. (NASDAQ: SSRI ) was up more than 2.9%. As of this
writing, Andrew Burger did not hold a position in any of the aforementioned
stocks.
Apple Inc. (NASDAQ:AAPL) Turns Down App Ratings System
Apple Inc. (NASDAQ:AAPL) has decided not to take part in new mobile application
rating by CTIA-The Wireless Association. Apple Inc. (NASDAQ:AAPL) Turns Down App
Ratings System According to CTIA The Wireless Association and Entertainment
Software Rating Board (ESRB), the two largest mobile app providers, Apple Inc.
(NASDAQ:AAPL) and Google will not take part in a new voluntary rating system for
violence and sexual content. Currently, about 500,000 applications are offered
by Apple Inc. (NASDAQ:AAPL)s App Store while Google's Android Market has more
than 300,000. Apple Inc. (NASDAQ:AAPL) company shares are currently standing at
373.2. Price History Last Price: 373.2 52 Week Low / High: 310.5 / 426.7 50 Day
Moving Average: 393.64 6 Month Price Change %: 11.5% 12 Month Price Change %:
19.1%
rating by CTIA-The Wireless Association. Apple Inc. (NASDAQ:AAPL) Turns Down App
Ratings System According to CTIA The Wireless Association and Entertainment
Software Rating Board (ESRB), the two largest mobile app providers, Apple Inc.
(NASDAQ:AAPL) and Google will not take part in a new voluntary rating system for
violence and sexual content. Currently, about 500,000 applications are offered
by Apple Inc. (NASDAQ:AAPL)s App Store while Google's Android Market has more
than 300,000. Apple Inc. (NASDAQ:AAPL) company shares are currently standing at
373.2. Price History Last Price: 373.2 52 Week Low / High: 310.5 / 426.7 50 Day
Moving Average: 393.64 6 Month Price Change %: 11.5% 12 Month Price Change %:
19.1%
Gold Shares, Broader Markets Surge, Dow Jumps 400 Points
Gold shares surged higher on Wednesday alongside the broader equity markets
after many of the worlds foremost central banks announced a coordinated
intervention to lower lending rates to European financial institutions. The AMEX
Gold Bugs Index (HUI) a leading composite of the worlds largest gold producers
rallied 4.7% to 571.89 in early afternoon trading.
after many of the worlds foremost central banks announced a coordinated
intervention to lower lending rates to European financial institutions. The AMEX
Gold Bugs Index (HUI) a leading composite of the worlds largest gold producers
rallied 4.7% to 571.89 in early afternoon trading.
Todays Dow Jones Industrial Average DJIA Index DJX DJI, Nasdaq, S&P 500 Stock Market Investing News Today Mid-Day
The positive momentum that stocks gained through the last weekend faded a bit
during the last session. The glare from the better than expected retail sales
results over the weekend temporarily pulled investor attention away from the
current and ongoing turmoil in the eurozone marketplace. Indicators in the Asia
zone finished red. The Nikkei dropped by .51 percent. The Hang Seng in Hong Kong
fell red by 1.46 percent and the Shanghai Composite dropped lower by 3.27
percent. European markets were lower early but rebounded during the latter half
of their respective session. All of this is happening as steep borrowing rates
in eurozone countries are keeping investors on edge and pushing investor
confidence lower. The negative weight of this applied negative pressure to the
primary indices in the U.S. and as a result, futures were posting lower prior to
opening bell this morning. Stocks were set for the lower open in the U.S. today
but as the trading session reached the mid-day mark, the primary indices were
rising. Eurozone indicators closed green across the board today after the
rebound. The Dow Jones Industrial Average was higher by 3.54 percent at
11,964.89 at mid-day. The Nasdaq was green by 3.44 percent at 2,602 and the S&P
500 was higher by 3.41 percent at 1,235.89. Central banks around the world are
stepping up to help Europes financial situation. The Federal Reserve, as well as
a handful of other central banks, are making moves to make it cheaper for banks
around the globe to borrow the dollar. Indices are shooting higher as a result
of this news today. Frank Matto
during the last session. The glare from the better than expected retail sales
results over the weekend temporarily pulled investor attention away from the
current and ongoing turmoil in the eurozone marketplace. Indicators in the Asia
zone finished red. The Nikkei dropped by .51 percent. The Hang Seng in Hong Kong
fell red by 1.46 percent and the Shanghai Composite dropped lower by 3.27
percent. European markets were lower early but rebounded during the latter half
of their respective session. All of this is happening as steep borrowing rates
in eurozone countries are keeping investors on edge and pushing investor
confidence lower. The negative weight of this applied negative pressure to the
primary indices in the U.S. and as a result, futures were posting lower prior to
opening bell this morning. Stocks were set for the lower open in the U.S. today
but as the trading session reached the mid-day mark, the primary indices were
rising. Eurozone indicators closed green across the board today after the
rebound. The Dow Jones Industrial Average was higher by 3.54 percent at
11,964.89 at mid-day. The Nasdaq was green by 3.44 percent at 2,602 and the S&P
500 was higher by 3.41 percent at 1,235.89. Central banks around the world are
stepping up to help Europes financial situation. The Federal Reserve, as well as
a handful of other central banks, are making moves to make it cheaper for banks
around the globe to borrow the dollar. Indices are shooting higher as a result
of this news today. Frank Matto
Randgold Resources - Total Voting Rights
Randgold Resources - Total Voting Rights MarketWatch - 1 hour ago JERSEY,
CHANNEL ISLANDS, Nov 30, 2011 (MARKETWIRE via COMTEX) -- RANDGOLD RESOURCES
LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading
Symbol: RRS Nasdaq Trading Symbol ... Randgold Total Voting Rights - SYS-CON
Media
CHANNEL ISLANDS, Nov 30, 2011 (MARKETWIRE via COMTEX) -- RANDGOLD RESOURCES
LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading
Symbol: RRS Nasdaq Trading Symbol ... Randgold Total Voting Rights - SYS-CON
Media
How RIM Can Survive After BlackBerry
Research In Motion (NASDAQ: RIMM ) got a pleasant surprise on Tuesday:
Bernstein Research analyst Pierre Ferragu upgraded RIMs rating from underperform
to market perform. Ferragu said in his note to investors that while he thinks
RIM is in a death spiral, theres still some value in the stock. RIM shares in
turn saw a modest boost, climbing from around $16.40 to just below $18, back
above the support level of $16.95 after sinking below it in the past week to a
52-week low of $15.98. The stock has declined 70% in the past year. So, even the
faintest praise from Wall Street is good news for RIM. For a while as smartphone
users both regular consumers and RIMs once-reliable business audience
abandoned the BlackBerry for Apple s (NASDAQ: AAPL ) iPhone and devices powered
by Google s (NASDAQ: GOOG ) Android operating system, Wall Street at least
maintained interest in RIMs stock. Not anymore. Bernstein Research may have
upped its rating for RIM, but the chorus of other analysts downgrades is
deafening. In recent weeks, Deutsche Bank, Citigroup, RBC Capital Markets,
Barclays and JPMorgan Chase have all called investors to either sell RIM or at
least stay neutral. Stern Agees Shaw Wu downgraded it from buy to neutral on
Tuesday , slashing his 2012 and 2013 earnings expectations, just as Bernstein
upped its rating. Canny investors know that when theres smoke, theres fire. The
Tuesday uptick from RIM is likely to be a bitter memory come the companys Dec.
15 earnings call. Considering the catastrophic failure of the PlayBook tablet
and milquetoast sales of the new BlackBerry Bold phones, RIM may tumble to price
levels not seen since 2003. Heres something to consider, though. RIM announced
what may ultimately be its most significant release going forward. It wasnt a
new BlackBerry phone or a new tablet. It announced Mobile Fusion. Coming in the
first quarter of 2012, Mobile Fusion isnt a new device at all but a new security
service and app for RIMs business clients that works on the iPhone, iPad and
Google Android devices. The service would allow corporate IT departments to
monitor and protect phones remotely, and it would keep RIM in the enterprise
network service game without needing to rely on BlackBerry phones, the PlayBook
or the BlackBerry operating system. RIM will announcing pricing and release
information for Mobile Fusion early next year. And theres a roadmap for RIMs
future. Even if it remains a player in smartphones as a manufacturer, the days
of RIMs growth are over. Gartner expects RIMs share of the global smartphone
market to shrink to just 11% by 2015 . Unless theres a miracle consumers latch
onto a new BlackBerry device to an obsessive degree, Apple bows out of the
mobile market RIM is done in the hardware business. Loyalty to the BlackBerry
brand has crumbled. Brand Keys placed BlackBerry at No. 9 among the most trusted
brands in 2010. For 2011, its ranked No. 60 . RIM still holds some cachet among
businesses. If the company downsizes its operation on a massive scale over the
next five years, ceasing device production altogether and focusing purely on
services like Mobile Fusion and others for corporate clients of all sizes, it
could very well survive as a public company. However, investors who were once
enamored with RIM as a cult stock need to finally give up the ghost. Like
BlackBerry once-commanding share of the mobile phone market, the lofty days of
RIM trading around $150 are never coming back. As of this writing, Anthony John
Agnello did not own a position in any of the stocks named here. Follow him on
Twitter at
Bernstein Research analyst Pierre Ferragu upgraded RIMs rating from underperform
to market perform. Ferragu said in his note to investors that while he thinks
RIM is in a death spiral, theres still some value in the stock. RIM shares in
turn saw a modest boost, climbing from around $16.40 to just below $18, back
above the support level of $16.95 after sinking below it in the past week to a
52-week low of $15.98. The stock has declined 70% in the past year. So, even the
faintest praise from Wall Street is good news for RIM. For a while as smartphone
users both regular consumers and RIMs once-reliable business audience
abandoned the BlackBerry for Apple s (NASDAQ: AAPL ) iPhone and devices powered
by Google s (NASDAQ: GOOG ) Android operating system, Wall Street at least
maintained interest in RIMs stock. Not anymore. Bernstein Research may have
upped its rating for RIM, but the chorus of other analysts downgrades is
deafening. In recent weeks, Deutsche Bank, Citigroup, RBC Capital Markets,
Barclays and JPMorgan Chase have all called investors to either sell RIM or at
least stay neutral. Stern Agees Shaw Wu downgraded it from buy to neutral on
Tuesday , slashing his 2012 and 2013 earnings expectations, just as Bernstein
upped its rating. Canny investors know that when theres smoke, theres fire. The
Tuesday uptick from RIM is likely to be a bitter memory come the companys Dec.
15 earnings call. Considering the catastrophic failure of the PlayBook tablet
and milquetoast sales of the new BlackBerry Bold phones, RIM may tumble to price
levels not seen since 2003. Heres something to consider, though. RIM announced
what may ultimately be its most significant release going forward. It wasnt a
new BlackBerry phone or a new tablet. It announced Mobile Fusion. Coming in the
first quarter of 2012, Mobile Fusion isnt a new device at all but a new security
service and app for RIMs business clients that works on the iPhone, iPad and
Google Android devices. The service would allow corporate IT departments to
monitor and protect phones remotely, and it would keep RIM in the enterprise
network service game without needing to rely on BlackBerry phones, the PlayBook
or the BlackBerry operating system. RIM will announcing pricing and release
information for Mobile Fusion early next year. And theres a roadmap for RIMs
future. Even if it remains a player in smartphones as a manufacturer, the days
of RIMs growth are over. Gartner expects RIMs share of the global smartphone
market to shrink to just 11% by 2015 . Unless theres a miracle consumers latch
onto a new BlackBerry device to an obsessive degree, Apple bows out of the
mobile market RIM is done in the hardware business. Loyalty to the BlackBerry
brand has crumbled. Brand Keys placed BlackBerry at No. 9 among the most trusted
brands in 2010. For 2011, its ranked No. 60 . RIM still holds some cachet among
businesses. If the company downsizes its operation on a massive scale over the
next five years, ceasing device production altogether and focusing purely on
services like Mobile Fusion and others for corporate clients of all sizes, it
could very well survive as a public company. However, investors who were once
enamored with RIM as a cult stock need to finally give up the ghost. Like
BlackBerry once-commanding share of the mobile phone market, the lofty days of
RIM trading around $150 are never coming back. As of this writing, Anthony John
Agnello did not own a position in any of the stocks named here. Follow him on
Twitter at
Microsoft Corporation (NASDAQ:MSFT) Spreading App Access
Microsoft Corporation (NASDAQ:MSFT) has joined hands with AgreeYa to provide
access to apps across platforms. Microsoft Corporation (NASDAQ:MSFT) Spreading
App Access Reuters has reported that Microsoft Corporation (NASDAQ:MSFT) has
signed a protocol licensing agreement with AgreeYa Mobility, the U.S. mobile
engineering firm, to enable corporations and other users to connect to Microsoft
Corporation (NASDAQ:MSFT) services from a variety of computing platforms,
including phones and tablets running Apple Incs iOS and Google Incs Android. The
agreement will allow AgreeYa Mobility to produce a software suite that
interoperates with a range of Microsoft Corporation (NASDAQ:MSFT) applications
and services, connecting from Microsoft Corporation (NASDAQ:MSFT) and other
platforms. Sandy Gupta, marketing general manager for Microsoft Corporation
(NASDAQ:MSFT)s Open Solutions Group, said that, "The partnership we plan to
launch formally in March, is intended to expand Microsoft Corporation
(NASDAQ:MSFT) applications for enterprises, such as companies, universities and
government agencies, across a wide range of mobile devices, primarily
smartphones and tablet computers". Microsoft Corp. (NASDAQ:MSFT) shares were
at 24.84 at the end of the last days trading. Theres been a -3.8% change in the
stock price over the past 3 months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.87 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.76 Zacks Rank: 30 out of 89 in the industry
access to apps across platforms. Microsoft Corporation (NASDAQ:MSFT) Spreading
App Access Reuters has reported that Microsoft Corporation (NASDAQ:MSFT) has
signed a protocol licensing agreement with AgreeYa Mobility, the U.S. mobile
engineering firm, to enable corporations and other users to connect to Microsoft
Corporation (NASDAQ:MSFT) services from a variety of computing platforms,
including phones and tablets running Apple Incs iOS and Google Incs Android. The
agreement will allow AgreeYa Mobility to produce a software suite that
interoperates with a range of Microsoft Corporation (NASDAQ:MSFT) applications
and services, connecting from Microsoft Corporation (NASDAQ:MSFT) and other
platforms. Sandy Gupta, marketing general manager for Microsoft Corporation
(NASDAQ:MSFT)s Open Solutions Group, said that, "The partnership we plan to
launch formally in March, is intended to expand Microsoft Corporation
(NASDAQ:MSFT) applications for enterprises, such as companies, universities and
government agencies, across a wide range of mobile devices, primarily
smartphones and tablet computers". Microsoft Corp. (NASDAQ:MSFT) shares were
at 24.84 at the end of the last days trading. Theres been a -3.8% change in the
stock price over the past 3 months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.87 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.76 Zacks Rank: 30 out of 89 in the industry
8 Reasons Europe’s Crisis Is Worsening
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Although people around the world are focused on holiday shopping and vacations, the global financial epidemic of too much public debt isn’t taking a break. Since the beginning of Europe’s financial crisis, its corporate and political leaders told us the problem was contained. But each step of the way, they’ve been wrong. Right now, all signs indicate that Europe’s financial crisis is spreading like gangrene. This is not a scare tactic, but an honest evaluation of the facts. Let’s analyze some of the reasons behind this. 1. Europe’s Banks are Undercapitalized European banks are facing a liquidity crisis, even though they’ve already received an emergency cash infusion from a coalition of world central banks. The International Monetary Fund in its “Global Financial Stability Report” estimates $408 billion in banks’ risk exposure to toxic government debt from countries like Greece, Ireland and Portugal. Because Europe’s crisis is moving so rapidly, even the IMF is having trouble estimating the true liabilities for European banks. In August, the IMF said it would take only $272 billion to cover banks’ capital shortfall. 2. Borrowing Costs Have Jumped Italy recently paid almost 8% to auction 7.5 billion euros ($10 billion) in three-year bonds, up about three percentage points from a month ago. The same thing is happening in France, who’s now paying around 1.5 percentage points more on its 10-year bonds compared to Germany. Why is France’s debt not trading like a AAA-rated country? What, besides everything, does the credit market know that credit rating agencies don’t? Rising borrowing costs are a worst-case scenario for already over-indebted borrowers. 3. Credit Downgrades Everywhere We don’t advocate putting implicit faith in credit ratings, because history has taught us they are nothing more than financial opinions and, frequently, not very accurate ones. Still, a gander at the latest downgrading trend is troublesome. Intuitive observers will note this is not an isolated phenomenon, but a global trend. Sovereign debt from Greece and Portugal, after several downgrades, is now rated “junk,” Ireland has been downgraded, Italy has been downgraded and Japanese along with U.S. debt was lowered in August. The pace at which government debt is being downgraded is accelerating, and reversing this trend won’t be easy. 4. Too Many Cooks in the Kitchen One of Europe’s problems in solving its crisis is its magnificent bureaucracy. Between the Economic and Monetary Union, European Banking Authority and EU finance ministers, everyone has an opinion on how to fix things, but nobody can execute. Layered on top of this melting pot are individual countries within the euro zone, each with its own distinct set of financial regulators with their own viewpoints. It’s a conglomeration of confusion and the perfect recipe for getting nothing done.
Broker Roundup Pt 1 including Cairn Energy, Randgold Resources, BG Group, Chariot Oil & Gas and Mouchel Group
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Broker Roundup Pt 1 including Cairn Energy, Randgold Resources, BG Group, Chariot Oil & Gas and Mouchel Group Proactive Investors UK – 33 minutes ago Analysts at Oriel Securities looked at FTSE 100 firm Cairn Energy (LON:CNE) today after the company said it had not made a commercial discovery during its 2011 exploration drilling campaign …
Google Inc. (NASDAQ:GOOG) Investing In Open Source
XCSFDHG46767FHJHJF
tdp2664 E money daily Google Inc. (NASDAQ:GOOG) has invested in open source data center Puppet Labs. Google Inc. (NASDAQ:GOOG) Investing In Open Source Google Inc. (NASDAQ:GOOG) has invested in the Series C Funding round of the IT orchestration and automation start-up Puppet Labs. Google Inc. (NASDAQ:GOOG), VMware and Cisco Systems together invested $8.5 million in the open source data center. Google Inc. (NASDAQ:GOOG) is a big user of Puppet Lab's products. Urs Hlozle, Google Inc. (NASDAQ:GOOG)'s head of engineering, said in August, "Cluster management itself or some open-source version [of it] will happen, because everyone needs it as their computation scales and their issue becomes not the management of a single machine, but the management of a whole bunch of them". Google Inc. (NASDAQ:GOOG) company shares are currently standing at 582.93. Price History Last Price: 582.93 52 Week Low / High: 473.02 / 642.96 50 Day Moving Average: 568.38 6 Month Price Change %: 12.9% 12 Month Price Change %: -0.3%
Microsoft Corporation (NASDAQ:MSFT) Makes Big Cloud Changes
XCSFDHG46767FHJHJF
tdp2664 E money daily Microsoft Corporation (NASDAQ:MSFT) Cloud Services has got a number of major service updates, as well as new customers. Microsoft Corporation (NASDAQ:MSFT) Makes Big Cloud Changes Microsoft Corporation (NASDAQ:MSFT) has released the first major service update for Microsoft Office 365. It also announced that more than 40 percent of large global companies use Office 365 or related cloud productivity services from Microsoft. Microsoft Corporation (NASDAQ:MSFT) Office 365 is the company’s next-generation cloud productivity service for businesses of all sizes, and the service will also be available to try in 22 additional markets including Argentina, Iceland, Indonesia, South Africa and Taiwan soon. Kurt DelBene, president of the Office Division at Microsoft Corporation (NASDAQ:MSFT, said that, “Microsoft Corporation (NASDAQ:MSFT) is seeing really positive momentum for Office 365. Customers are adopting Office 365 eight times faster than our previous service, and the solution is on track to become one of our fastest-growing offers in Microsoft Corporation (NASDAQ:MSFT) history. Microsoft Corporation (NASDAQ:MSFT) is also seeing great traction with small businesses, with more than 90 percent of our early Office 365 customers coming from small businesses”. Microsoft Corp. (NASDAQ:MSFT) stocks are currently standing at 24.84. Price History Last Price: 24.84 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.2 6 Month Price Change %: 0.4% 12 Month Price Change %: -1.8%
Questcor Earnings Could Soar 200% in Q4
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Will Santa Claus make a bullish appearance and pull this market out of its doldrums? Traders and investors shouldn't count on it this year like in years past, which makes picking suitable stocks that generate income for you (through covered calls) that much more important. The strategy will not succeed if the call option sold expires worthless and the underlying stock has lost way more than the premium received. In other words, it's critical to pick a stock that will hold its ground and, ultimately, provide you with some nice capital gains along the way. One name we like as a strong covered-call (or buy-write, if you don't own the stock already) candidate is Questcor Pharmaceuticals Inc. (NASDAQ: QCOR ). This biopharma company develops prescription drugs to treat diseases and disorders of the central nervous system. Recently, the company's fourth-quarter earnings growth estimate was raised to over 200%. It is probably safe to say that a lot of companies wish they could be in that position! Since early 2010, QCOR has made a slow and steady move up to where it is currently trading. For the last month, the stock has been trading in a tight range between about $40 and $44. For this covered call to have a chance to be successful, the $40 area will have to support the stock in case the market or stock decides to head much lower. Picking the $45 strike makes sense since it is close to the high end of the range. Making the QCOR Covered Call Trade Here's how to set up your covered call trade in QCOR… Example : Buy 100 shares of QCOR @ $42.84 and sell the Jan 45 Call @ $2.65 Cost of the stock : 100 X $42.84 = $4,284 debit Premium received : 100 X $2.65 = $265 credit Maximum profit : $481 — that's $216 ($45 strike – $42.84 X 100) from the stock and $265 from the premium received if QCOR finishes at or above $45 @ January expiration. Breakeven : If QCOR finishes at $40.19 ($42.84 – $2.65) @ January expiration. Maximum loss : $4,019, which occurs in the unlikely event that QCOR goes to $0 @ January expiration. Managing the QCOR Covered Call Trade The main objective for a covered call strategy is for the stock to just rise up to the sold call's strike price, which in this case is $45 at January expiration. The stock moves up the maximum amount without being called away and the sold call expires worthless. Consider exiting the entire trade (stock and short call) to avoid further losses if QCOR falls much below support (about $40). It just so happens that the breakeven point of the trade at expiration is right in that area of support. Keep this in mind as you trade: Options trading success comes from the love of the markets!
Gold Price Soars amid Central Bank Intervention
GOLD PRICE NEWS – The gold price spiked higher Wednesday morning following
the news that the Federal Reserve cut the cost of emergency dollar funding for
European banks.
the news that the Federal Reserve cut the cost of emergency dollar funding for
European banks.
Google Inc. (NASDAQ:GOOG) Investing In Open Source
Google Inc. (NASDAQ:GOOG) has invested in open source data center Puppet Labs.
Google Inc. (NASDAQ:GOOG) Investing In Open Source Google Inc. (NASDAQ:GOOG) has
invested in the Series C Funding round of the IT orchestration and automation
start-up Puppet Labs. Google Inc. (NASDAQ:GOOG), VMware and Cisco Systems
together invested $8.5 million in the open source data center. Google Inc.
(NASDAQ:GOOG) is a big user of Puppet Lab's products. Urs Hlozle, Google Inc.
(NASDAQ:GOOG)'s head of engineering, said in August, "Cluster management
itself or some open-source version [of it] will happen, because everyone needs
it as their computation scales and their issue becomes not the management of a
single machine, but the management of a whole bunch of them". Google Inc.
(NASDAQ:GOOG) company shares are currently standing at 582.93. Price History
Last Price: 582.93 52 Week Low / High: 473.02 / 642.96 50 Day Moving Average:
568.38 6 Month Price Change %: 12.9% 12 Month Price Change %: -0.3%
Google Inc. (NASDAQ:GOOG) Investing In Open Source Google Inc. (NASDAQ:GOOG) has
invested in the Series C Funding round of the IT orchestration and automation
start-up Puppet Labs. Google Inc. (NASDAQ:GOOG), VMware and Cisco Systems
together invested $8.5 million in the open source data center. Google Inc.
(NASDAQ:GOOG) is a big user of Puppet Lab's products. Urs Hlozle, Google Inc.
(NASDAQ:GOOG)'s head of engineering, said in August, "Cluster management
itself or some open-source version [of it] will happen, because everyone needs
it as their computation scales and their issue becomes not the management of a
single machine, but the management of a whole bunch of them". Google Inc.
(NASDAQ:GOOG) company shares are currently standing at 582.93. Price History
Last Price: 582.93 52 Week Low / High: 473.02 / 642.96 50 Day Moving Average:
568.38 6 Month Price Change %: 12.9% 12 Month Price Change %: -0.3%
Microsoft Corporation (NASDAQ:MSFT) Makes Big Cloud Changes
Microsoft Corporation (NASDAQ:MSFT) Cloud Services has got a number of major
service updates, as well as new customers. Microsoft Corporation (NASDAQ:MSFT)
Makes Big Cloud Changes Microsoft Corporation (NASDAQ:MSFT) has released the
first major service update for Microsoft Office 365. It also announced that more
than 40 percent of large global companies use Office 365 or related cloud
productivity services from Microsoft. Microsoft Corporation (NASDAQ:MSFT) Office
365 is the companys next-generation cloud productivity service for businesses of
all sizes, and the service will also be available to try in 22 additional
markets including Argentina, Iceland, Indonesia, South Africa and Taiwan soon.
Kurt DelBene, president of the Office Division at Microsoft Corporation
(NASDAQ:MSFT, said that, Microsoft Corporation (NASDAQ:MSFT) is seeing really
positive momentum for Office 365. Customers are adopting Office 365 eight times
faster than our previous service, and the solution is on track to become one of
our fastest-growing offers in Microsoft Corporation (NASDAQ:MSFT) history.
Microsoft Corporation (NASDAQ:MSFT) is also seeing great traction with small
businesses, with more than 90 percent of our early Office 365 customers coming
from small businesses. Microsoft Corp. (NASDAQ:MSFT) stocks are currently
standing at 24.84. Price History Last Price: 24.84 52 Week Low / High: 23.65 /
29.46 50 Day Moving Average: 26.2 6 Month Price Change %: 0.4% 12 Month Price
Change %: -1.8%
service updates, as well as new customers. Microsoft Corporation (NASDAQ:MSFT)
Makes Big Cloud Changes Microsoft Corporation (NASDAQ:MSFT) has released the
first major service update for Microsoft Office 365. It also announced that more
than 40 percent of large global companies use Office 365 or related cloud
productivity services from Microsoft. Microsoft Corporation (NASDAQ:MSFT) Office
365 is the companys next-generation cloud productivity service for businesses of
all sizes, and the service will also be available to try in 22 additional
markets including Argentina, Iceland, Indonesia, South Africa and Taiwan soon.
Kurt DelBene, president of the Office Division at Microsoft Corporation
(NASDAQ:MSFT, said that, Microsoft Corporation (NASDAQ:MSFT) is seeing really
positive momentum for Office 365. Customers are adopting Office 365 eight times
faster than our previous service, and the solution is on track to become one of
our fastest-growing offers in Microsoft Corporation (NASDAQ:MSFT) history.
Microsoft Corporation (NASDAQ:MSFT) is also seeing great traction with small
businesses, with more than 90 percent of our early Office 365 customers coming
from small businesses. Microsoft Corp. (NASDAQ:MSFT) stocks are currently
standing at 24.84. Price History Last Price: 24.84 52 Week Low / High: 23.65 /
29.46 50 Day Moving Average: 26.2 6 Month Price Change %: 0.4% 12 Month Price
Change %: -1.8%
5 Stocks Under $5 I Like To Close Out November
The market is heating back up today and the following stocks; KNDI, RENN, PLUG,
ARNA and GLUU could all be solid winners in the short term. There are a few
strong technical patterns here on KNDI and PLUG and solid catalysts on RENN,
GLUU and ARNA. As always, entry is the most important part of swing trading so
here is what Im looking to do. Kandi Technologies ( NASDAQ:KNDI ) engages in the
design, development, manufacture, and commercialization of off-road vehicles,
motorcycles, mini-cars, and special automobile related products. The market cap
on KNDI is $82 million. While the volume is light on KNDI and outside my normal
filter, the chart is what Im most attracted to here. It shows a strong ascending
triangle that could definitely breakout to the $4 range. The price action is not
at the apex of the triangle yet though so it might be a little early still. If
the company gives traders something to be excited about the reported short
interest of over 7 days to cover could help spark a move. Renren ( NYSE:RENN )
operates a social networking Internet platform in China similar to Facebook.
RENN has a market cap of $1.5 billion which is definitely outside my normal
range of $100 $300 million but I like this stock now that Facebook is promoting
their IPO. Recently RENN sold off after less than desirable earnings and a bear
market. Now RENN is clearly oversold Ill be looking to swing this stock for $1
$2 per share. The short interest here alone could help drive RENN higher if it
can hold this turn. Plug Power ( NASDAQ:PLUG ) an alternative energy technology
provider, involves in the design, development, commercialization, and
manufacture of fuel cell systems for the industrial off-road markets and
stationary power markets worldwide. PLUG has a market cap of $49 million. I like
PLUG off the bottom trendline and like KNDI above I think PLUG wants to
breakout. I would not be surprised to see PLUG head into the $3 range in the
short term based on this price action. Ascending triangles are known for higher
lows with a top resistance area. As those lows get higher the resistance around
$2.60 gets weaker and weaker until one day it pops into a new trading range. I
played PLUG for profit when it broke $2.40 early November and Im eying it up
again here. Arena Pharmaceuticals ( NASDAQ:ARNA ) is a clinical-stage
biopharmaceutical company, focuses on discovering, developing, and
commercializing oral drugs in the therapeutic areas of cardiovascular, central
nervous system, inflammatory, and metabolic diseases. ARNA has a market cap of
$210 million. Analysts Piper Jaffray has upgraded ARNA with a target of $3 ahead
of their obesity drug NDA re-submission. I tend to agree that well see a walk up
soon and like ARNA here off the $1.30 range so I continue to watch for entry.
Glu Mobile ( NASDAQ:GLUU ) engages in the design, marketing, and sale of casual
and traditional mobile games worldwide. GLUU has a market cap of $180 million
and I believe the recent pullback is simply due to the broader market dip. With
Zynga to kick off their IPO roadshow next week I believe theres a short term
opportunity here for at least $1 per share upside before GLUU hits resistance
around $3.70.
ARNA and GLUU could all be solid winners in the short term. There are a few
strong technical patterns here on KNDI and PLUG and solid catalysts on RENN,
GLUU and ARNA. As always, entry is the most important part of swing trading so
here is what Im looking to do. Kandi Technologies ( NASDAQ:KNDI ) engages in the
design, development, manufacture, and commercialization of off-road vehicles,
motorcycles, mini-cars, and special automobile related products. The market cap
on KNDI is $82 million. While the volume is light on KNDI and outside my normal
filter, the chart is what Im most attracted to here. It shows a strong ascending
triangle that could definitely breakout to the $4 range. The price action is not
at the apex of the triangle yet though so it might be a little early still. If
the company gives traders something to be excited about the reported short
interest of over 7 days to cover could help spark a move. Renren ( NYSE:RENN )
operates a social networking Internet platform in China similar to Facebook.
RENN has a market cap of $1.5 billion which is definitely outside my normal
range of $100 $300 million but I like this stock now that Facebook is promoting
their IPO. Recently RENN sold off after less than desirable earnings and a bear
market. Now RENN is clearly oversold Ill be looking to swing this stock for $1
$2 per share. The short interest here alone could help drive RENN higher if it
can hold this turn. Plug Power ( NASDAQ:PLUG ) an alternative energy technology
provider, involves in the design, development, commercialization, and
manufacture of fuel cell systems for the industrial off-road markets and
stationary power markets worldwide. PLUG has a market cap of $49 million. I like
PLUG off the bottom trendline and like KNDI above I think PLUG wants to
breakout. I would not be surprised to see PLUG head into the $3 range in the
short term based on this price action. Ascending triangles are known for higher
lows with a top resistance area. As those lows get higher the resistance around
$2.60 gets weaker and weaker until one day it pops into a new trading range. I
played PLUG for profit when it broke $2.40 early November and Im eying it up
again here. Arena Pharmaceuticals ( NASDAQ:ARNA ) is a clinical-stage
biopharmaceutical company, focuses on discovering, developing, and
commercializing oral drugs in the therapeutic areas of cardiovascular, central
nervous system, inflammatory, and metabolic diseases. ARNA has a market cap of
$210 million. Analysts Piper Jaffray has upgraded ARNA with a target of $3 ahead
of their obesity drug NDA re-submission. I tend to agree that well see a walk up
soon and like ARNA here off the $1.30 range so I continue to watch for entry.
Glu Mobile ( NASDAQ:GLUU ) engages in the design, marketing, and sale of casual
and traditional mobile games worldwide. GLUU has a market cap of $180 million
and I believe the recent pullback is simply due to the broader market dip. With
Zynga to kick off their IPO roadshow next week I believe theres a short term
opportunity here for at least $1 per share upside before GLUU hits resistance
around $3.70.
Questcor Earnings Could Soar 200% in Q4
Will Santa Claus make a bullish appearance and pull this market out of its
doldrums? Traders and investors shouldn't count on it this year like in years
past, which makes picking suitable stocks that generate income for you (through
covered calls) that much more important. The strategy will not succeed if the
call option sold expires worthless and the underlying stock has lost way more
than the premium received. In other words, it's critical to pick a stock that
will hold its ground and, ultimately, provide you with some nice capital gains
along the way. One name we like as a strong covered-call (or buy-write, if you
don't own the stock already) candidate is Questcor Pharmaceuticals Inc.
(NASDAQ: QCOR ). This biopharma company develops prescription drugs to treat
diseases and disorders of the central nervous system. Recently, the company's
fourth-quarter earnings growth estimate was raised to over 200%. It is probably
safe to say that a lot of companies wish they could be in that position! Since
early 2010, QCOR has made a slow and steady move up to where it is currently
trading. For the last month, the stock has been trading in a tight range between
about $40 and $44. For this covered call to have a chance to be successful, the
$40 area will have to support the stock in case the market or stock decides to
head much lower. Picking the $45 strike makes sense since it is close to the
high end of the range. Making the QCOR Covered Call Trade Here's how to set up
your covered call trade in QCOR… Example : Buy 100 shares of QCOR @ $42.84 and
sell the Jan 45 Call @ $2.65 Cost of the stock : 100 X $42.84 = $4,284 debit
Premium received : 100 X $2.65 = $265 credit Maximum profit : $481 that's
$216 ($45 strike – $42.84 X 100) from the stock and $265 from the premium
received if QCOR finishes at or above $45 @ January expiration. Breakeven : If
QCOR finishes at $40.19 ($42.84 – $2.65) @ January expiration. Maximum loss :
$4,019, which occurs in the unlikely event that QCOR goes to $0 @ January
expiration. Managing the QCOR Covered Call Trade The main objective for a
covered call strategy is for the stock to just rise up to the sold call's
strike price, which in this case is $45 at January expiration. The stock moves
up the maximum amount without being called away and the sold call expires
worthless. Consider exiting the entire trade (stock and short call) to avoid
further losses if QCOR falls much below support (about $40). It just so happens
that the breakeven point of the trade at expiration is right in that area of
support. Keep this in mind as you trade: Options trading success comes from the
love of the markets!
doldrums? Traders and investors shouldn't count on it this year like in years
past, which makes picking suitable stocks that generate income for you (through
covered calls) that much more important. The strategy will not succeed if the
call option sold expires worthless and the underlying stock has lost way more
than the premium received. In other words, it's critical to pick a stock that
will hold its ground and, ultimately, provide you with some nice capital gains
along the way. One name we like as a strong covered-call (or buy-write, if you
don't own the stock already) candidate is Questcor Pharmaceuticals Inc.
(NASDAQ: QCOR ). This biopharma company develops prescription drugs to treat
diseases and disorders of the central nervous system. Recently, the company's
fourth-quarter earnings growth estimate was raised to over 200%. It is probably
safe to say that a lot of companies wish they could be in that position! Since
early 2010, QCOR has made a slow and steady move up to where it is currently
trading. For the last month, the stock has been trading in a tight range between
about $40 and $44. For this covered call to have a chance to be successful, the
$40 area will have to support the stock in case the market or stock decides to
head much lower. Picking the $45 strike makes sense since it is close to the
high end of the range. Making the QCOR Covered Call Trade Here's how to set up
your covered call trade in QCOR… Example : Buy 100 shares of QCOR @ $42.84 and
sell the Jan 45 Call @ $2.65 Cost of the stock : 100 X $42.84 = $4,284 debit
Premium received : 100 X $2.65 = $265 credit Maximum profit : $481 that's
$216 ($45 strike – $42.84 X 100) from the stock and $265 from the premium
received if QCOR finishes at or above $45 @ January expiration. Breakeven : If
QCOR finishes at $40.19 ($42.84 – $2.65) @ January expiration. Maximum loss :
$4,019, which occurs in the unlikely event that QCOR goes to $0 @ January
expiration. Managing the QCOR Covered Call Trade The main objective for a
covered call strategy is for the stock to just rise up to the sold call's
strike price, which in this case is $45 at January expiration. The stock moves
up the maximum amount without being called away and the sold call expires
worthless. Consider exiting the entire trade (stock and short call) to avoid
further losses if QCOR falls much below support (about $40). It just so happens
that the breakeven point of the trade at expiration is right in that area of
support. Keep this in mind as you trade: Options trading success comes from the
love of the markets!
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