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gol2664 Negocioenlinea Hansen, GOLD Among Nasdaq 100's Most Oversold Stocks NASDAQ – 3 hours ago As of midweek, the Nasdaq 100 featured some of the highest quality, short-term pullbacks in the stock market. With stocks like Hansen Natural ( HANS ) down four out of five trading days and shares …
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DG365FD46564GFH654FU898 Crude oil prices recovered from the sharp decline they had experienced on Wednesday and slightly rose yesterday. Gold price continued to decline while silver price moderately rose. Major currencies such as Euro and AUD changed direction and slightly appreciated against the U.S dollar, while the GBP depreciated against the U.S. dollar. Here is a summary of the price developments of precious metals and energy commodities for December 29th: Precious Metals Prices: Gold price declined on Thursday by 1.48% and reached $1,540.90; Silver price on the other hand slightly increased by 0.30% to reach $27.32. During December, gold price declined by 12%, and silver price by 16.73%.
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DG365FD46564GFH654FU898 Gold Price Close Today : 1539.90 Change : (23.10) or -1.5% Silver Price Close Today : 2727.40 Change : 8.20 cents or 0.3% Gold Silver Ratio Today : 56.460 Change : -1.020 or -1.8% Silver Gold Ratio Today : 0.01771 Change : 0.000314 or 1.8% Platinum Price Close Today : 1367.70 Change : -16.30 or -1.2% Palladium Price Close Today : 631.75 Change : -0.70 or -0.1% S&P 500 : 1,263.02 Change : -15.79 or -1.2% Dow In GOLD$ : $164.94 Change : $ 0.60 or 0.4% Dow in GOLD oz : 7.979 Change : 0.029 or 0.4% Dow in SILVER oz : 450.50 Change : -6.50 or -1.4% Dow Industrial : 12,287.04 Change : -139.94 or -1.1% US Dollar Index : 80.36 Change : -0.136 or -0.2% Is silver non-confirming the GOLD PRICE fall, or is gold non-confirming the SILVER PRICE rise? Clue comes from the GOLD/SILVER RATIO , which fell today and closed Comex at 56.460. It reached my 57.25:1 target overnight, but markets never saw that price today. It should yet appear. Premium on US 90% silver coin keeps on rising, pointing to higher silver prices. Silver defended 2600c level with a low at 2614c. High came at 2785c. As long as the GOLD PRICE keeps on closing above $1,530 and silver above 2600c, they’re good. Longer they hold on above those points, less chance they will dip below them. Often markets are influence by year-end selling that has nothing to do with outlook or economics, only with some goofy government mandate that skews the economy. We may be seeing some of that, and certainly in stocks all those mutual fund managers and financial advisors want to see stocks fill the year just a bit, just any bit at all, higher than unchanged or negative. We’ll see what happens when sobriety returns on 2 January 2012. I would NOT sell SILVER or GOLD here. Let’s see if silver will drop once again before we go hog-wild buying, though. Talking to a friend of mine from West Texas a few days ago, he said he had seen the weather there go from 80 degrees in the morning to 20 degrees that night. So they have a saying, if you don’t like the weather, just hang around. It’ll change soon enough. I feel the same way about silver and gold today, but when they change directions twice in one day, they like to wear out my thermometer. I am learning how to react to news events. I look across everything for the most meaningless item, and THAT will be what the media pundits pick out as the day’s pivotal event. Today’s bait for the causality-challenged came in the form of a report claiming the labor market is “healing.” Now even with the Labor Dept’s jimmying, jobless claims rose to 381,000 from 366,000 last week, yet fewer filed for unemployment in the past month than any in the past three years. What are y’all waiting for? Break out the champagne! Well, I say, One Hobo doth Not a Jungle Make. And if all you’ve got to brag about is that this month showed the smallest job losses of any out of the last 36, well, friend, you ought to put your hand over your mouth and retreat in silent shame. Yet hath the stock market not received it thus. The Dow rose 135.63 (1.12%) to 12,287.04 while the S&P500 roses 13.38 (1.07%) to 1,263.02. In the Moneychanger’s tiny mind, the unemployment report would have generated no jubilation, but once again you see the perilous failure of following both stocks AND rationality. In my mind the Dow rising again to 12,300 resistance offers a splendid opportunity for another double-top failure. Should the Dow falter at 12,300, watch 12,150, because that will be the first trip-wire of a much larger fall. US DOLLAR INDEX is down 13.6 basis points (0.17%) to 80.361. Mattereth not, so long as it remains above morale-maintaining 80, and technical support at 79.50. Trend in force remains in force until violated, and this trend is up. Euro hardly worth talking about. Close at 1.2962, up 0.16%, but what a little mouse-burp deal. Who cares? Yen rose 0.42% to 128.82c/Y100 (Y77.63/$1), edging away from its lower channel line, at least enough so that you could slip a thin piece of paper between it and the line. Nothing happening there. I felt like a bimetallic thermostat in West Texas today, not knowing whether to heat or cool. Gold fell a meaty 1.5%, down $23.10 to $1,539.90 on Comex (low came at — Eeek! — $1,522!) but silver ROSE 8.2C to 2727.4c, then rose another 50c in the aftermarket! 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.
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tdp2664 China Analyst Below are the latest oversold U.S.-listed Chinese stocks. Noah Holdings Limited (ADR) (NYSE:NOAH) is the most oversold U.S.-listed Chinese stock on Dec. 29. It was down 3.8% on the day. NOAH's upside potential is 227.3% based on brokerage analysts' average target price of $19.96. It is trading at 30.5% of its 52-week high of $20.00, and 1.5% above its 52-week low of $6.01. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the second most oversold U.S.-listed Chinese stock on Dec. 29. It was down 3.4% on the day. QIHU's upside potential is 106.4% based on brokerage analysts' average target price of $34.07. It is trading at 45.6% of its 52-week high of $36.21, and 15.5% above its 52-week low of $14.30. Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) is the third most oversold U.S.-listed Chinese stock on Dec. 29. It was down 2.6% on the day. CCSC's upside potential is 68.4% based on brokerage analysts' average target price of $12.12. It is trading at 28.2% of its 52-week high of $25.54, and 9.1% above its 52-week low of $6.60. LDK Solar Co., Ltd (ADR) (NYSE:LDK) is the fourth most oversold U.S.-listed Chinese stock on Dec. 29. It was down 2.4% on the day. LDK's upside potential is -0.3% based on brokerage analysts' average target price of $4.48. It is trading at 30.0% of its 52-week high of $14.97, and 76.1% above its 52-week low of $2.55. Home Inns & Hotels Management Inc. (ADR) (NASDAQ:HMIN) is the fifth most oversold U.S.-listed Chinese stock on Dec. 29. It was down 2.3% on the day. HMIN's upside potential is 88.0% based on brokerage analysts' average target price of $47.69. It is trading at 56.6% of its 52-week high of $44.86, and 14.8% above its 52-week low of $22.09. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the sixth most oversold U.S.-listed Chinese stock on Dec. 29. It was down 1.9% on the day. DANG's upside potential is 133.5% based on brokerage analysts' average target price of $9.83. It is trading at 11.6% of its 52-week high of $36.40, and 2.4% above its 52-week low of $4.11. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the seventh most oversold U.S.-listed Chinese stock on Dec. 29. It was down 1.9% on the day. STP's upside potential is 109.1% based on brokerage analysts' average target price of $4.43. It is trading at 19.6% of its 52-week high of $10.83, and 24.7% above its 52-week low of $1.70. 7 DAYS GROUP HOLDINGS LIMITED(ADR) (NYSE:SVN) is the eighth most oversold U.S.-listed Chinese stock on Dec. 29. It was down 1.8% on the day. SVN's upside potential is 113.6% based on brokerage analysts' average target price of $24.03. It is trading at 46.9% of its 52-week high of $24.00, and 3.4% above its 52-week low of $10.88. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the ninth most oversold U.S.-listed Chinese stock on Dec. 29. It was down 1.5% on the day. BIDU's upside potential is 60.3% based on brokerage analysts' average target price of $183.86. It is trading at 69.1% of its 52-week high of $165.96, and 18.8% above its 52-week low of $96.53. NetEase.com, Inc. (ADR) (NASDAQ:NTES) is the 10th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 1.2% on the day. NTES's upside potential is 29.8% based on brokerage analysts' average target price of $56.66. It is trading at 79.4% of its 52-week high of $55.00, and 22.2% above its 52-week low of $35.74. ZHONGPIN INC. (NASDAQ:HOGS) is the 11th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.9% on the day. HOGS's upside potential is 88.0% based on brokerage analysts' average target price of $15.92. It is trading at 40.2% of its 52-week high of $21.07, and 28.3% above its 52-week low of $6.60. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 12th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.7% on the day. JOBS's upside potential is 51.3% based on brokerage analysts' average target price of $64.50. It is trading at 61.1% of its 52-week high of $69.80, and 16.4% above its 52-week low of $36.62. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the 13th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.7% on the day. SPRD's upside potential is 48.8% based on brokerage analysts' average target price of $30.58. It is trading at 68.6% of its 52-week high of $29.98, and 139.3% above its 52-week low of $8.59. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) is the 14th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.6% on the day. EDU's upside potential is 48.6% based on brokerage analysts' average target price of $35.30. It is trading at 68.3% of its 52-week high of $34.77, and 15.2% above its 52-week low of $20.61. Ambow Education Holding Ltd (ADR) (NYSE:AMBO) is the 15th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.4% on the day. AMBO's upside potential is 14.3% based on brokerage analysts' average target price of $8.00. It is trading at 48.6% of its 52-week high of $14.40, and 53.5% above its 52-week low of $4.56. Youku.com Inc (ADR) (NYSE:YOKU) is the 16th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.4% on the day. YOKU's upside potential is 83.1% based on brokerage analysts' average target price of $29.14. It is trading at 22.8% of its 52-week high of $69.95, and 15.7% above its 52-week low of $13.76. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the 17th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.3% on the day. SNP's upside potential is 16.0% based on brokerage analysts' average target price of $122.20. It is trading at 94.1% of its 52-week high of $111.92, and 27.6% above its 52-week low of $82.50. TAL Education Group (ADR) (NYSE:XRS) is the 18th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.3% on the day. XRS's upside potential is 54.9% based on brokerage analysts' average target price of $15.43. It is trading at 61.3% of its 52-week high of $16.25, and 18.4% above its 52-week low of $8.41. Jiayuan.com International Ltd (NASDAQ:DATE) is the 19th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.2% on the day. DATE's upside potential is 154.9% based on brokerage analysts' average target price of $15.22. It is trading at 37.0% of its 52-week high of $16.12, and 8.5% above its 52-week low of $5.50. Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA) is the 20th most oversold U.S.-listed Chinese stock on Dec. 29. It was down 0.1% on the day. SNDA's upside potential is -0.9% based on brokerage analysts' average target price of $39.66. It is trading at 73.8% of its 52-week high of $54.20, and 40.6% above its 52-week low of $28.44.
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tdp2664 China Analyst Below are the latest top-performing U.S.-listed Chinese stocks. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is the best-performing U.S.-listed Chinese stock on Dec. 29. It was up 16.6% on the day. HOLI's upside potential is 55.9% based on brokerage analysts' average target price of $13.13. It is trading at 46.4% of its 52-week high of $18.15, and 85.5% above its 52-week low of $4.54. Phoenix New Media Ltd ADR (NYSE:FENG) is the second best-performing U.S.-listed Chinese stock on Dec. 29. It was up 5.5% on the day. FENG's upside potential is 91.2% based on brokerage analysts' average target price of $10.67. It is trading at 37.0% of its 52-week high of $15.09, and 32.9% above its 52-week low of $4.20. iSoftStone Holdings Ltd (ADR) (NYSE:ISS) is the third best-performing U.S.-listed Chinese stock on Dec. 29. It was up 5.0% on the day. ISS's upside potential is 104.8% based on brokerage analysts' average target price of $17.20. It is trading at 37.1% of its 52-week high of $22.63, and 48.4% above its 52-week low of $5.66. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the fourth best-performing U.S.-listed Chinese stock on Dec. 29. It was up 4.9% on the day. YGE's upside potential is 37.7% based on brokerage analysts' average target price of $5.29. It is trading at 28.3% of its 52-week high of $13.59, and 39.6% above its 52-week low of $2.75. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the fifth best-performing U.S.-listed Chinese stock on Dec. 29. It was up 3.0% on the day. JASO's upside potential is 131.2% based on brokerage analysts' average target price of $3.14. It is trading at 15.9% of its 52-week high of $8.57, and 12.4% above its 52-week low of $1.21. VanceInfo Technologies Inc.(ADR) (NYSE:VIT) is the sixth best-performing U.S.-listed Chinese stock on Dec. 29. It was up 2.8% on the day. VIT's upside potential is 100.2% based on brokerage analysts' average target price of $18.24. It is trading at 24.0% of its 52-week high of $37.99, and 47.2% above its 52-week low of $6.19. Changyou.com Limited(ADR) (NASDAQ:CYOU) is the seventh best-performing U.S.-listed Chinese stock on Dec. 29. It was up 2.8% on the day. CYOU's upside potential is 88.6% based on brokerage analysts' average target price of $42.88. It is trading at 43.7% of its 52-week high of $52.00, and 9.8% above its 52-week low of $20.71. HiSoft Technology Internatnl Ltd (ADR) (NASDAQ:HSFT) is the eighth best-performing U.S.-listed Chinese stock on Dec. 29. It was up 2.0% on the day. HSFT's upside potential is 96.6% based on brokerage analysts' average target price of $18.16. It is trading at 27.2% of its 52-week high of $34.00, and 15.2% above its 52-week low of $8.02. Trina Solar Limited (ADR) (NYSE:TSL) is the ninth best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.8% on the day. TSL's upside potential is 91.9% based on brokerage analysts' average target price of $13.07. It is trading at 21.9% of its 52-week high of $31.08, and 29.0% above its 52-week low of $5.28. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) is the 10th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.8% on the day. WX's upside potential is 68.7% based on brokerage analysts' average target price of $18.54. It is trading at 57.5% of its 52-week high of $19.10, and 3.2% above its 52-week low of $10.65. Sohu.com Inc. (NASDAQ:SOHU) is the 11th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.7% on the day. SOHU's upside potential is 57.4% based on brokerage analysts' average target price of $78.38. It is trading at 45.5% of its 52-week high of $109.37, and 9.7% above its 52-week low of $45.40. Shanda Games Limited(ADR) (NASDAQ:GAME) is the 12th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.6% on the day. GAME's upside potential is 73.7% based on brokerage analysts' average target price of $6.65. It is trading at 49.7% of its 52-week high of $7.70, and 10.7% above its 52-week low of $3.46. Huaneng Power International, Inc. (ADR) (NYSE:HNP) is the 13th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.6% on the day. HNP's upside potential is 10.5% based on brokerage analysts' average target price of $23.32. It is trading at 88.2% of its 52-week high of $23.94, and 36.6% above its 52-week low of $15.45. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the 14th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.5% on the day. AMAP's upside potential is 129.0% based on brokerage analysts' average target price of $22.83. It is trading at 49.4% of its 52-week high of $20.20, and 12.4% above its 52-week low of $8.87. PetroChina Company Limited (ADR) (NYSE:PTR) is the 15th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.4% on the day. PTR's upside potential is 20.9% based on brokerage analysts' average target price of $150.67. It is trading at 78.5% of its 52-week high of $158.83, and 12.0% above its 52-week low of $111.29. China Real Estate Information Corp (NASDAQ:CRIC) is the 16th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.2% on the day. CRIC's upside potential is 98.8% based on brokerage analysts' average target price of $8.05. It is trading at 41.0% of its 52-week high of $9.89, and 10.1% above its 52-week low of $3.68. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is the 17th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.2% on the day. HTHT's upside potential is 58.1% based on brokerage analysts' average target price of $21.82. It is trading at 56.4% of its 52-week high of $24.47, and 15.0% above its 52-week low of $12.00. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is the 18th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.2% on the day. CTRP's upside potential is 89.9% based on brokerage analysts' average target price of $44.30. It is trading at 46.1% of its 52-week high of $50.57, and 4.5% above its 52-week low of $22.33. China Mobile Ltd. (ADR) (NYSE:CHL) is the 19th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.2% on the day. CHL's upside potential is 3.8% based on brokerage analysts' average target price of $49.97. It is trading at 92.7% of its 52-week high of $51.98, and 10.7% above its 52-week low of $43.51. China Kanghui Holdings (ADR) (NYSE:KH) is the 20th best-performing U.S.-listed Chinese stock on Dec. 29. It was up 1.2% on the day. KH's upside potential is 65.0% based on brokerage analysts' average target price of $24.75. It is trading at 56.6% of its 52-week high of $26.50, and 16.1% above its 52-week low of $12.92.
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tdp2664 InvestorPlace A number of housing stocks caught fire Thursday on better-than-expected homes data, helping send the S&P 500 back to positive territory on the year. The benchmark index has one last trading day to determine if 2011 will be punctuated with black ink or red. Pending home sales for November were up 7.3% month-over-month vs. a much more cautious 1.5% forecast. Sales also were 7% better than the same period a year ago and now are at their highest point since April 2010. Homebuilding stocks responded with a resounding rallying cry. KB Home (NYSE: KBH ) was up 6.15%, PulteGroup (NYSE: PHM ) gained 6.05% and Lennar (NYSE: LEN ) climbed 4.64%. Home improvement product maker Masco (NYSE: MAS ) jumped 8.41%, while home improvement retailers Lowe's (NYSE: LOW ) and Home Depot were up a more modest 2.47% and 1.16%, respectively. Joining in Thursday's revelry for different reasons was Diamond Foods (NASDAQ: DMND ). Shares soared 7% on rumors that hedge fund manager David Einhorn might have invested in Diamond Foods. The move is a much-needed breath of fresh air for DMND shareholders, who saw their investments lose as much as 60% since initial reports came out concerning Diamond's accounting practices. However, the stock is up in double digits for December, including some wild mid-month gyrations . Boeing (NYSE: BA ) could declare 2011 the “Year of the Deal” after Thursday, when the U.S. government agreed to a large aircraft sale to Saudi Arabia, which will include 84 new Boeing-made F-15 combat jets. The contract, worth almost $30 billion, also will task the company with bringing 70 existing aircraft up to date. Boeing stock budged just more than 1% Thursday but is up almost 20% in the past three months as the company has announced record-breaking deals with Southwest (NYSE: LUV ), Emirates and Indonesia's Lion Air airlines. Three Up Owens Corning (NYSE: OC ): Up 7.21% ($1.95) to $29. Elan (NYSE: ELN ): Up 5.64% (74 cents) to $13.86. Bank of America (NYSE: BAC ): Up 3.21% (17 cents) to $5.46. Three Down Deckers Outdoor (NASDAQ: DECK ): Down 8% ($6.76) to $77.69. Groupon (NASDAQ: GRPN ): Down 5.48% ($1.24) to $21.38. Fusion-IO (NYSE: FIO ): Down 4.71% ($1.20) to $24.26. As of this writing, Kyle Woodley did not hold a position in any of the aforementioned stocks. Check out our list of previous IP Market Recaps .
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DG365FD46564GFH654FU898 Gold futures settled lower on Thursday for a sixth consecutive trading session European sovereign debt concerns continued to provide a headwind for the yellow metal. COMEX gold for February 2012 delivery settled with a loss of $23.20, or 1.5%, at $1,540.90 per ounce.
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tdp2664 InvestorPlace If you had any money riding on overseas stock markets, chances are you’ve taken some pretty nasty lumps this year. Through mid-December, the broadest measure of developed foreign markets — the MSCI Europe, Australasia and Far East Index — has lost 17.8% in dollar terms (excluding dividends). The emerging bourses, according to MSCI, have fared even worse, skidding 21.5%. Painful indeed, especially when you consider that the headline U.S. stock indices are at either slightly above (Dow Jones industrials) or slightly below (S&P 500) the breakeven line. So the question arises: Does it still make sense to diversify internationally? Tempting as it is to be cynical about a financial world that often seems broken, I don’t think we’ve seen the end of great profit-making opportunities in foreign markets. In fact, the recent weakness in overseas stocks probably is setting us up for exceptional returns once the current distress passes. The main reason, of course, is valuation. As of Dec. 14, according to Bloomberg , the stocks comprising the Stoxx Europe 600 Index were quoted at a slender 10.1 times estimated 2011 earnings, versus 12.2 times for the Standard & Poor’s 500 Index — a discount of 17%. The MSCI Asia Pacific Index, which normally trades at a sizable premium to the S&P because of Asia’s superior economic growth, was at 12.6 times estimated 2011 earnings. Some emerging markets are even cheaper. Brazil, for instance, is selling for about eight times trailing 12 months’ earnings, and India about 12 times — both well below their norms for the past five years. Remember too, that, despite a recent slowdown, these countries still are growing much faster than the developed economies of North America or Europe. For the opening months of 2012, I’m taking a cautious view of most foreign stock markets. Europe’s sovereign-debt travails will weigh on economic activity around the world, but especially in the EU homeland. In addition, we’re picking up early signs that China’s credit-fueled boom might be due for a setback in 2012. Chinese purchasing managers report that the country’s manufacturing sector is now contracting at the steepest rate since early 2009. Look to Switzerland, Australia for Powerful Long-Term Growth When the global economy eventually finds its footing, these bourses will snap back a long way fast. Accordingly, I recommend that you proceed slowly and judiciously with new commitments. In Europe, I advise you to favor recession-resistant health care and consumer-staples names, such as drug maker Novartis (NYSE: NVS ) and food processor Nestle (PINK: NSRGY ). Not so coincidentally, both companies are based in Switzerland, with its friendly business climate and sound currency. Both stocks also throw off generous dividend yields: 4.2% for NVS, and 3.7% for NSRGY. Dividends typically are paid once a year, in April. Switzerland extracts a 15% withholding tax on dividends remitted to U.S. shareholders, but you can obtain a credit against this tax if you hold the stock in a taxable account (not an IRA). What to do now: Buy NVS at $58 or less, and NSRGY at $56 or less. Among the other developed markets, my top choice is Australia. Australian tax law encourages corporations to pay out the lion’s share of their profits in the form of dividends. As a result, most Australian stocks yield considerably more than their U.S. counterparts. Take Westpac Banking Corp. (NYSE: WBK ). Strong and conservatively managed, this Aussie bank has boosted its dividend more than 400%, in dollar terms, during the past 10 years. Current yield: a mouth-watering 7.8%. Dividends are paid semiannually, in July and December. No withholding tax currently imposed on U.S. residents. For a diversified portfolio of Australian stocks, consider iShares MSCI Australia Index Fund (NYSE: EWA ). This exchange-traded fund owns a large slug of financials (44% of the portfolio), but also gives you exposure to Australia’s natural-resources sector. Current yield: 5.1%. What to do now: Buy WBK at $110 or less, and EWA at $23.50 or less.
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DG365FD46564GFH654FU898 In what marked one of the few encouraging signs for gold and silver shares in recent weeks, the sector recovered from earlier losses Thursday morning despite ongoing weakness in precious metals. The Philadelphia Gold & Silver Index (XAU) initially fell as much as 1.4% to 173.96 – its lowest level since October 4th of this year – before bouncing back into positive territory, by 0.5% at 177.15.
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tdp2664 InvestorPlace Investors are more uncertain about the stock market’s future today than at any other time during the past six years. Thirty-eight percent of investors polled by the American Association for Individual Investors are in the “neutral” camp — a six-year high. Unfortunately, uncertainty is no investment strategy. It takes fact-based conviction to succeed in investing. So what are the facts? Volatility: Bad For Stocks Volatility in the past six months has been off the charts. Volatility is more than just the performance of the Volatility Index or VIX. Volatility includes the volume and conviction associated with the recent roller coaster. During the past six months, the Dow Jones has seen 38 (almost every third trading day) 90% days. A 90% up day means 90% or more of trading volume and point moves were to the upside, thus a 90% down day is exactly the opposite. Of those 38 90% days, 16 happened to be to the upside, 22 to the downside. That is highly unusual. I’ve read interpretations stating that high-volume, 90% up days (also called breadth explosions) are bullish for stocks. Before drawing conclusions, let’s try to decipher the emotions that cause 90% days. Fear, panic and certain news events cause severe down days. Most up days seem to be caused by positive news rather than a fundamental change. In summary, we have erratic news-based buying and panic-inspired selling with 58% of the 90% days being down days (Dec. 19 was the latest). This doesn’t look like the beginning of a new bull market to me. Fundamentals: No Change The U.S. financial system got into trouble because of falling real estate prices. The European financial system got hammered by sovereign debt defaults. Now, U.S. real estate prices continue to fall, and entire European countries continue to struggle with pure survival. Neither the U.S. nor the European debt crisis has been dealt with properly. QE2 was all the rage at the beginning of 2011, but its effect was limited and short-lived. The European Central Bank’s charter prohibits outright QE where newly printed money is given to banks. However, the ECB has expanded its repurchase operation to three years. European banks can borrow money from the ECB for 1%. With the borrowed money, banks can now do what the ECB isn’t allowed to — buy more toxic bonds from Greece, Italy, Spain, etc. At first glance, this looks like a profitable symbiosis. Banks pay 1% and get paid 3%, 4% or more via their bonds. Unfortunately, banks forget that they should be concerned about the return of the money more than about the return on their money. Banks buying more unstable sovereign debt is a short-term Band-Aid but a long-term recipe for disaster. The expiration date of the “long-term disaster” label might well run out early and bite banks and investors in the butt sooner than expected.
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DG365FD46564GFH654FU898 While most gold price prediction in recent years have come from those who rarely come in contact with the metal itself – such as investors and market strategists – one group with a unique and important view on the yellow metal recently weighed in with its own forecasts. The Professional Numismatists Guild (PNG) – which describes itself as “a half-century old, non-profit organization composed of the country’s top rare coin and bullion coin dealers that conducted an opinion poll of its members” and was founded in 1955 – published the results of a poll in which 30 of its members were asked for their gold price estimates as of the end of the first quarter of 2012 and as of year-end.
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tdp2664 E money daily Apple Inc. (NASDAQ:AAPL) has won a significant patent involving multi touch technology. Apple Inc. (NASDAQ:AAPL) Wins Big Patent Case According to reports, the smartphone maker giant Apple Inc. (NASDAQ:AAPL) has been granted with a new patent from the US Patent and Trademark Office focusing on the oscillator signal and circuit of a touchscreen-equipped device. Apple Inc. (NASDAQ:AAPL) states in the filing, "In general, multi-touch panels may be able to detect multiple touches (touch events or contact points) that occur at or about the same time, and identify and track their locations." Apple Inc. (NASDAQ:AAPL) shares were at 403.83 at the end of the last day’s trading. There’s been a 1.4% change in the stock price over the past 3 months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.17 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.21 Zack’s Rank: 1 out of 2 in the industry
