Gold and silver prices were moving higher Thursday morning as stocks moved
lower following data on U.S. weekly unemployment for the first week of January,
as well as December retail sales. Spot gold was trading about 0.5% higher at
10:45 a.m., with a bid price of $1,651.50 per ounce and an ask price of
$1,652.50. Spot gold traded as high as $1,663.20 and as low as $1,650. The
London afternoon reference price fix came in at $1,661, $25.50 per ounce higher
than Wednesdays reference price, according to Kitco market data . Spot silver
was up 1.33%, bid at $30.37 per ounce with an ask price of $30.47. The morning
high as of time of writing was $30.81 and the low was $30.24. Thursdays
reference price was set at $30.58 in the London a.m., 77 cents per ounce higher
than Wednesdays price fix. A stronger euro/USD exchange rate likely is
contributing to gold and silvers move higher. The dollar weakened against the
euro Thursday as borrowing costs for Spain and Italy dropped. Spains treasury
reported that it sold 10 billion euros ($12.7 billion) of bonds, twice the
targeted amount, with yields a full percentage point lower than previous
auctions, according to a New York Times report . Italys entire 8.5 billion euro
($10.8 billion) allotment of 12-month bills sold out at yields half or more less
than previous auctions. Here in the U.S., seasonally adjusted initial
unemployment claims for the week ending Jan. 7 rose to 399,000, up 24,000 from
the previous weeks revised 375,000. The four-week moving average was 381,750, up
7,750 from the previous weeks average of 374,00. December 2011 retail and food
services sales totaled $400.6 billion, up 0.1% from November and 6.5%
year-over-year, the Commerce Department reported. Total 2011 sales were up 7.7%,
and sales ex-autos were up 7.3%. Gold and silver prices hit a one-month high in
London morning trading Thursday, according to BullionVault s London Gold Market
Report. Because gold is easy to sell, it has seen the same flight to cash that
risk assets such as equities have suffered, wrote Mark Dampier, the head of
research at UK equity and fund brokerage Hargreaves Lansdown, in Money Marketing
magazine. The attractions of gold remain undiminished I believe the fall back
in price could present a buying opportunity, he added, advising investors to
consider more risky and potentially more rewarding exposure to gold through
mining stocks. Gold and silver trusts were showing healthy gains in Thursday
morning activity on U.S. exchanges. The SPDR Gold Trust (NYSE: GLD ) was showing
gains of 0.75%. The iShares Gold Trust (NYSE: IAU ) was up 0.7%. The iShares
Silver Trust (NYSE: SLV ) was up 1.5%. Gold mining ETFs were showing gains,
while the Global X Silver Miners ETF (NYSE: SIL ) was flat. The Market Vectors
Gold Miners ETF (NYSE: GDX ) was showing gains approaching 0.9%. The Market
Vectors Junior Gold Miners ETF (NYSE: GDXJ ) was up 0.7%. The Global X Silver
Miners ETF was flat. Gold mining shares were mixed to broadly higher, with
shares of Yamana Gold (NYSE: AUY ) surging up more than 4%. Agnico-Eagle Mines
(NYSE: AEM ) was mostly flat. Barrick Gold (NYSE: ABX ) was up about 0.2%.
Eldorado Gold (NYSE: EGO ) was down around 0.6%. Goldcorp (NYSE: GG ) was up
1.35%. Newmont Mining (NYSE: NEM ) was up just shy of 0.8%. NovaGold Resources
(AMEX: NG ) was nearly 3% higher. Yamana Gold was up about 4.4%. Silver mining
shares were showing strong gains, with Pan American Silver (NASDAQ: PAAS ) the
exception. Hecla Mining (NYSE: HL ) was recovering some ground after Wednesdays
staggering losses . Coeur dAlene Mines (NYSE: CDE ) was moving higher, up some
1.8%. Hecla Mining was up around 4.1%. Pan American Silver was down more than
0.8%. Silver Wheaton (NYSE: SLW ) was showing gains of 1.45%. Silver Standard
Resources (NASDAQ: SSRI ) was up some 2.65%. As of this writing, Andrew Burger
did not hold a position in any of the aforementioned securities. Adrian Ash of
BullionVault contributed to this report.
Thursday, January 12, 2012
Top Dow 30 Stock Performers; Stock Market News Today NYSE; Winners Alcoa AA, Caterpillar CAT, Du Pont DD; Loser Chevron CVX
Stock Market Review Dow 30: Although the primary indices struggled during the
initial half of the last trading session, the DJIA, Nasdaq, and S&P 500 finished
the day in the green across the board. Home based economic reports were weaker
than expected and this pressured investors stock positions during the session,
as well as the primary index composite trends. Ultimately, the DJIA found
positive ground, as did the last-trade close prices for several of the Dows top
winners on the day. The Dow Jones Industrial Average finished the session on the
positive side of break-even overall. Officially, the DJIA closed out higher by
.17 percent at 12,471.02. Top Winners for the Dow last trading session: The top
three performers of the DOW 30 last session were Alcoa Inc. AA , Caterpillar
Inc. CAT , and Du Pont DD . Alcoa finished the last session higher by 3.12
percent and posted a last trade floor price of 9.93. Caterpillar Inc. finished
the last session higher by 2.31 percent and posted a last trade floor price of
101.94. Du Pont finished the last trading session higher by 1.69 percent and
posted a final trade price at 48.10. Dow 30 Loser last session: Chevron Corp was
the top loser on the day for the Dow 30. Chevron Corp. CVX finished the last
trading session lower by 2.60 percent and posted a final trade price at 104.97.
Frank Matto
initial half of the last trading session, the DJIA, Nasdaq, and S&P 500 finished
the day in the green across the board. Home based economic reports were weaker
than expected and this pressured investors stock positions during the session,
as well as the primary index composite trends. Ultimately, the DJIA found
positive ground, as did the last-trade close prices for several of the Dows top
winners on the day. The Dow Jones Industrial Average finished the session on the
positive side of break-even overall. Officially, the DJIA closed out higher by
.17 percent at 12,471.02. Top Winners for the Dow last trading session: The top
three performers of the DOW 30 last session were Alcoa Inc. AA , Caterpillar
Inc. CAT , and Du Pont DD . Alcoa finished the last session higher by 3.12
percent and posted a last trade floor price of 9.93. Caterpillar Inc. finished
the last session higher by 2.31 percent and posted a last trade floor price of
101.94. Du Pont finished the last trading session higher by 1.69 percent and
posted a final trade price at 48.10. Dow 30 Loser last session: Chevron Corp was
the top loser on the day for the Dow 30. Chevron Corp. CVX finished the last
trading session lower by 2.60 percent and posted a final trade price at 104.97.
Frank Matto
Xstrata to Appeal Against Denial on Tampakan Mine #Xstratacopper, #tampakanmine, #Sagittariusmines
So the verdicts out. Its no go for Xstrata Plc and Indophil Resources in
continuing with open pit mining method on the $5.9 billion copper-gold Tampakan
project, potentially slowing its development as the biggest untapped deposit in
Southeast Asia. Slated to begin commercial production by 2016, the Tampakan
project is now put on hold because the Department of Environment and Natural
Resources (DENR) has issued a notice to reject its application of an Environment
Clearance Certificate (ECC). DENR Secretary Ramon Paje said last month he would
not allow the issuance of an ECC for the project until a local ban on open-pit
mining in South Cotabato in southern Philippines was lifted. In response,
Xstrata Plcs Philippine unit has said that it is "extremely disappointed".
Sagittarius Mines Inc, the operator for the Tampakan project is rooting for an
appeal. In an email statement, Sagittarius President said that the rejection
contradicts the national government's view that "national laws which permit
open-pit mining methods should take precedence over conflicting provincial
ordinances." He also added, "This lack of consistency by the national
government poses a very real threat to investment confidence in the
Philippines." The Tampakan mine, which shall be the largest foreign direct
investment in the Philippines, is projected to produce 340,000 metric tons of
copper and 350,000 ounces of gold annually from 2016 into 2036. Unless the
government fixes its policy problems, this ban could potentially dampen
investment funds in the mining industry to develop the countrys estimated $1
trillion in mineral resources. Sagittarius Mines GM, Mr Mark Williams, DENR
Secretary Ramon Paje and Mr Steve De Kruijff, COO of Xstrata Copper will all be
speaking at the Asia Mining Congress 2012. It will be interesting to get
insights and perspectives from all three parties. Do not miss out on this rare
opportunity to mingle with the whos who in the industry. Download the programme
brochure here. Now its your chance to network even before the Congress. Join the
Mining Nuggets on Facebook and connect with mining professionals and investors.
continuing with open pit mining method on the $5.9 billion copper-gold Tampakan
project, potentially slowing its development as the biggest untapped deposit in
Southeast Asia. Slated to begin commercial production by 2016, the Tampakan
project is now put on hold because the Department of Environment and Natural
Resources (DENR) has issued a notice to reject its application of an Environment
Clearance Certificate (ECC). DENR Secretary Ramon Paje said last month he would
not allow the issuance of an ECC for the project until a local ban on open-pit
mining in South Cotabato in southern Philippines was lifted. In response,
Xstrata Plcs Philippine unit has said that it is "extremely disappointed".
Sagittarius Mines Inc, the operator for the Tampakan project is rooting for an
appeal. In an email statement, Sagittarius President said that the rejection
contradicts the national government's view that "national laws which permit
open-pit mining methods should take precedence over conflicting provincial
ordinances." He also added, "This lack of consistency by the national
government poses a very real threat to investment confidence in the
Philippines." The Tampakan mine, which shall be the largest foreign direct
investment in the Philippines, is projected to produce 340,000 metric tons of
copper and 350,000 ounces of gold annually from 2016 into 2036. Unless the
government fixes its policy problems, this ban could potentially dampen
investment funds in the mining industry to develop the countrys estimated $1
trillion in mineral resources. Sagittarius Mines GM, Mr Mark Williams, DENR
Secretary Ramon Paje and Mr Steve De Kruijff, COO of Xstrata Copper will all be
speaking at the Asia Mining Congress 2012. It will be interesting to get
insights and perspectives from all three parties. Do not miss out on this rare
opportunity to mingle with the whos who in the industry. Download the programme
brochure here. Now its your chance to network even before the Congress. Join the
Mining Nuggets on Facebook and connect with mining professionals and investors.
Todays DJIA Dow Jones Industrial Average Index DJX: Nasdaq Index; S&P 500 Index; Stock Market Investing News Today
Todays DJIA, Nasdaq, S&P 500 News: Market news and reactions appeared to be
reversed during the last trading session. The primary stock indices were
pressured during the session, but it might be for reasons that you would not
expect. The DJIA , Nasdaq, and S&P 500, were weighed down during the last
trading session due to weaker than expected economic home based economic
reports. After a batch of reports in the U.S. skewed toward the positive, the
negatively skewed reports last session were surprising for some. Ultimately
though, the primary indices found positive ground to close. Unemployment benefit
claims, as well as retails sales data, posted weaker than expected and applied
the primary pressure to the indices last session. Negative weight stemming from
the eurozone debt crisis sat on the back back burner. According to the
governments statistics, the number of Americans that applied for initial
unemployment benefits for the week ended January 7th calculated to 399,000. This
was almost 25,000 more applications made than analysts had expected. Also, the
data stemming from the retail sales report was weaker than expected. According
to this report, the number of retail sales for the month of December rose only
.1 percent which was also below what analysts were anticipating. Stock indices
absorbed the weaker than expected economic reports and still closed in the green
across the board. Dow Jones Close, S&P 500 Close, Nasdaq Close: The Dow Jones
Industrial Average finished the last session in the green by .17 percent and
posted a closing value of 12,471.02 for the last session. The Nasdaq index
finished the day in the green by .51 percent and posted a closing value of
2,724.70. The S&P 500 finished the day in the green by .23 percent and posted a
floor price of 1,295.50 Stocks were challenged throughout the last trading
session, but ultimately managed to end the day on the positive side of
break-even. Frank Matto Frank Matto
reversed during the last trading session. The primary stock indices were
pressured during the session, but it might be for reasons that you would not
expect. The DJIA , Nasdaq, and S&P 500, were weighed down during the last
trading session due to weaker than expected economic home based economic
reports. After a batch of reports in the U.S. skewed toward the positive, the
negatively skewed reports last session were surprising for some. Ultimately
though, the primary indices found positive ground to close. Unemployment benefit
claims, as well as retails sales data, posted weaker than expected and applied
the primary pressure to the indices last session. Negative weight stemming from
the eurozone debt crisis sat on the back back burner. According to the
governments statistics, the number of Americans that applied for initial
unemployment benefits for the week ended January 7th calculated to 399,000. This
was almost 25,000 more applications made than analysts had expected. Also, the
data stemming from the retail sales report was weaker than expected. According
to this report, the number of retail sales for the month of December rose only
.1 percent which was also below what analysts were anticipating. Stock indices
absorbed the weaker than expected economic reports and still closed in the green
across the board. Dow Jones Close, S&P 500 Close, Nasdaq Close: The Dow Jones
Industrial Average finished the last session in the green by .17 percent and
posted a closing value of 12,471.02 for the last session. The Nasdaq index
finished the day in the green by .51 percent and posted a closing value of
2,724.70. The S&P 500 finished the day in the green by .23 percent and posted a
floor price of 1,295.50 Stocks were challenged throughout the last trading
session, but ultimately managed to end the day on the positive side of
break-even. Frank Matto Frank Matto
Todays Gold price per ounce Spot gold price per gram; Spot silver price per ounce; Live Gold and Silver News Today
Gold price Silver Price Market News Today: Investors gained confidence in
Europe during the last trading session. The dollar fell versus the euro and
other global currencies and gold and silver contract prices moved in a positive
direction. Europe experienced some good news this week as investors were happy
to observe the positive turnout for Italy and Spains first debt auction. The
demand was there and this action helped to subdue the anxieties relevant to the
eurozone debt crisis for now. The primary stock composites in the U.S. finished
green across the board, after initially showing signs of dropping lower.
Ultimately, the euro lifted and the dollar cooled. The inverse relationship
between the dollar and precious metal gold presented. Gold and silver contracts
both finished the last trading session on the positive side of break-even. Gold
price per ounce and silver price per ounce close review: Contract gold for
February delivery finished the last trading session higher by .49 percent and
posted a floor price close at 1647.70 per troy ounce. One month change status
for precious metal gold is just negative at this point in time. Contract silver
for March delivery finished the last trading session higher by .78 percent and
posted a final floor price at 30.12 per troy ounce. One month change status for
precious metal silver is negative by about 3.7 percent at this point in time.
Spot gold and spot silver price trends: After last session close and prior to
todays session open, spot gold price per gram was higher by .10 at 52.82. Spot
silver price per ounce trends were running positively by about .23 percent at
30.12. Overall, price trend-line movement was positively sloped for gold and
silver during the last trading session. Camillo Zucari
Europe during the last trading session. The dollar fell versus the euro and
other global currencies and gold and silver contract prices moved in a positive
direction. Europe experienced some good news this week as investors were happy
to observe the positive turnout for Italy and Spains first debt auction. The
demand was there and this action helped to subdue the anxieties relevant to the
eurozone debt crisis for now. The primary stock composites in the U.S. finished
green across the board, after initially showing signs of dropping lower.
Ultimately, the euro lifted and the dollar cooled. The inverse relationship
between the dollar and precious metal gold presented. Gold and silver contracts
both finished the last trading session on the positive side of break-even. Gold
price per ounce and silver price per ounce close review: Contract gold for
February delivery finished the last trading session higher by .49 percent and
posted a floor price close at 1647.70 per troy ounce. One month change status
for precious metal gold is just negative at this point in time. Contract silver
for March delivery finished the last trading session higher by .78 percent and
posted a final floor price at 30.12 per troy ounce. One month change status for
precious metal silver is negative by about 3.7 percent at this point in time.
Spot gold and spot silver price trends: After last session close and prior to
todays session open, spot gold price per gram was higher by .10 at 52.82. Spot
silver price per ounce trends were running positively by about .23 percent at
30.12. Overall, price trend-line movement was positively sloped for gold and
silver during the last trading session. Camillo Zucari
Top 10 Most Profitable Real Estate Stocks: WPC, HGSH, CNR, SFUN, FOR, APSA, BAM, IRS, TRC, SYSW (Jan 12, 2012)
Below are the top 10 most profitable Real Estate stocks for the last 12 months.
Four Chinese companies (HGSH, CNR, SFUN, SYSW) are on the list. W. P. Carey &
Co. LLC (NYSE:WPC) is the 1st most profitable stock in this segment of the
market. Its net profit margin was 41.80% for the last 12 months. Its operating
profit margin was 38.76% for the same period. China HGS Real Estate, Inc.
(NASDAQ:HGSH) is the 2nd most profitable stock in this segment of the market.
Its net profit margin was 35.10% for the last 12 months. Its operating profit
margin was 37.17% for the same period. China Metro Rural Holdings Ltd (AMEX:CNR)
is the 3rd most profitable stock in this segment of the market. Its net profit
margin was 34.67% for the last 12 months. Its operating profit margin was 62.28%
for the same period. SouFun Holdings Limited (ADR) (NYSE:SFUN) is the 4th most
profitable stock in this segment of the market. Its net profit margin was 33.83%
for the last 12 months. Its operating profit margin was 41.57% for the same
period. Forestar Group Inc. (NYSE:FOR) is the 5th most profitable stock in this
segment of the market. Its net profit margin was 32.34% for the last 12 months.
Its operating profit margin was 58.87% for the same period. Alto Palermo S.A.
(ADR) (NASDAQ:APSA) is the 6th most profitable stock in this segment of the
market. Its net profit margin was 31.25% for the last 12 months. Its operating
profit margin was 55.52% for the same period. Brookfield Asset Management Inc.
(USA) (NYSE:BAM) is the 7th most profitable stock in this segment of the market.
Its net profit margin was 29.97% for the last 12 months. Its operating profit
margin was 31.68% for the same period. IRSA Inversiones Representaciones (ADR)
(NYSE:IRS) is the 8th most profitable stock in this segment of the market. Its
net profit margin was 17.38% for the last 12 months. Its operating profit margin
was 42.81% for the same period. Tejon Ranch Company (NYSE:TRC) is the 9th most
profitable stock in this segment of the market. Its net profit margin was 17.16%
for the last 12 months. Its operating profit margin was 23.61% for the same
period. Syswin Inc (ADR) (NYSE:SYSW) is the 10th most profitable stock in this
segment of the market. Its net profit margin was 15.43% for the last 12 months.
Its operating profit margin was 23.27% for the same period.
Four Chinese companies (HGSH, CNR, SFUN, SYSW) are on the list. W. P. Carey &
Co. LLC (NYSE:WPC) is the 1st most profitable stock in this segment of the
market. Its net profit margin was 41.80% for the last 12 months. Its operating
profit margin was 38.76% for the same period. China HGS Real Estate, Inc.
(NASDAQ:HGSH) is the 2nd most profitable stock in this segment of the market.
Its net profit margin was 35.10% for the last 12 months. Its operating profit
margin was 37.17% for the same period. China Metro Rural Holdings Ltd (AMEX:CNR)
is the 3rd most profitable stock in this segment of the market. Its net profit
margin was 34.67% for the last 12 months. Its operating profit margin was 62.28%
for the same period. SouFun Holdings Limited (ADR) (NYSE:SFUN) is the 4th most
profitable stock in this segment of the market. Its net profit margin was 33.83%
for the last 12 months. Its operating profit margin was 41.57% for the same
period. Forestar Group Inc. (NYSE:FOR) is the 5th most profitable stock in this
segment of the market. Its net profit margin was 32.34% for the last 12 months.
Its operating profit margin was 58.87% for the same period. Alto Palermo S.A.
(ADR) (NASDAQ:APSA) is the 6th most profitable stock in this segment of the
market. Its net profit margin was 31.25% for the last 12 months. Its operating
profit margin was 55.52% for the same period. Brookfield Asset Management Inc.
(USA) (NYSE:BAM) is the 7th most profitable stock in this segment of the market.
Its net profit margin was 29.97% for the last 12 months. Its operating profit
margin was 31.68% for the same period. IRSA Inversiones Representaciones (ADR)
(NYSE:IRS) is the 8th most profitable stock in this segment of the market. Its
net profit margin was 17.38% for the last 12 months. Its operating profit margin
was 42.81% for the same period. Tejon Ranch Company (NYSE:TRC) is the 9th most
profitable stock in this segment of the market. Its net profit margin was 17.16%
for the last 12 months. Its operating profit margin was 23.61% for the same
period. Syswin Inc (ADR) (NYSE:SYSW) is the 10th most profitable stock in this
segment of the market. Its net profit margin was 15.43% for the last 12 months.
Its operating profit margin was 23.27% for the same period.
3 Stocks Even Wall Street Fat Cats Expect to Crash
Wall Street is a rigged game. And if you're an individual investor with just
a few thousand dollars at play, the quicker you learn this the better off
you'll be. Right now were in the middle of earnings season, one of the biggest
pieces of Wall Street theater, and lots of folks will be crowing about
"beating expectations." But consider that the majority of stocks in the S&P
500 index have beaten the Street every year since the third quarter of 1998 .
Particularly galling was that in Q3 of 2009, right after the market bottomed,
nearly 80% of companies in the S&P topped forecasts. See what I mean? Don't
tell me the analysts just happen to set the bar that low on accident. Further
proof: Factset reports that of the more than 10,500 ratings on S&P 500 stocks
heading into 2012, 54% were buy ratings, 42% were holds but just 4% were sell
ratings. That's right. According to the "experts," youre safe if you're
hanging on to 96% of equities out there. Wrap your head around that one. I could
rant for a while about the so-called "smart money" on Wall Street. But
whining doesn't change anything. So, so let's talk about how you can find a
way to count cards in this rigged game, and maybe make a few bucks in the
process. Here's my tip: If 95 "experts" on Wall Street are saying to buy a
stock and fiver are telling you to sell those five folks probably represent a
majority opinion. After all, sticking your neck out to make a crazy downside
call is no way to make a living on Wall Street. The order of the day is always
outrageous upside targets like the $700 to $800 forecasts for Apple (NASDAQ:
AAPL ) over the last year or two from "top investment banks." If any of the
cheerleading fat cats on Wall Street has given up, thats a sure-fire sign that
disaster is about to strike. So what stocks are so awful that even buy-happy
analysts have to admit that theyre doomed? Here are three in particular:
a few thousand dollars at play, the quicker you learn this the better off
you'll be. Right now were in the middle of earnings season, one of the biggest
pieces of Wall Street theater, and lots of folks will be crowing about
"beating expectations." But consider that the majority of stocks in the S&P
500 index have beaten the Street every year since the third quarter of 1998 .
Particularly galling was that in Q3 of 2009, right after the market bottomed,
nearly 80% of companies in the S&P topped forecasts. See what I mean? Don't
tell me the analysts just happen to set the bar that low on accident. Further
proof: Factset reports that of the more than 10,500 ratings on S&P 500 stocks
heading into 2012, 54% were buy ratings, 42% were holds but just 4% were sell
ratings. That's right. According to the "experts," youre safe if you're
hanging on to 96% of equities out there. Wrap your head around that one. I could
rant for a while about the so-called "smart money" on Wall Street. But
whining doesn't change anything. So, so let's talk about how you can find a
way to count cards in this rigged game, and maybe make a few bucks in the
process. Here's my tip: If 95 "experts" on Wall Street are saying to buy a
stock and fiver are telling you to sell those five folks probably represent a
majority opinion. After all, sticking your neck out to make a crazy downside
call is no way to make a living on Wall Street. The order of the day is always
outrageous upside targets like the $700 to $800 forecasts for Apple (NASDAQ:
AAPL ) over the last year or two from "top investment banks." If any of the
cheerleading fat cats on Wall Street has given up, thats a sure-fire sign that
disaster is about to strike. So what stocks are so awful that even buy-happy
analysts have to admit that theyre doomed? Here are three in particular:
File for Federal Unemployment Benefit Data News; Number on the Rise; Unemployment Benefits USA; Current Unemployment Data Today
XCSFDHG46767FHJHJF
dow2664 USA Economic News Today: The primary stock indices in the U.S. struggled during the last trading session as a couple home based economic reports posted weaker than expected. Retails sales figures for December were not as positive as some were anticipating. The most noteworthy, and negatively skewed, piece of economic data which posted last session pertained to unemployment benefits. Although the primary indices recovered and closed in the green, investors remained concerned with the recent uptick in unemployment applications. National Unemployment Benefit Applications: According to the government statistics, unemployment claims pushed to a six week high of 399,000 for the week ended January January 7th. Jobless Claims notched higher by 24,000 over the previous week. Although home based economic reports have recently skewed positively, this sharp increase in initial unemployment claims raises some eyebrows and places the status of the U.S. economic recovery in question. Interestingly enough, the number of initial jobless claims rose higher while the number of Americans receiving extended unemployment benefits dropped lower. Seasonal employment may have skewed the data and thus, economists anticipate the number of those seeking federal unemployment benefits may rise. Stephen Johnson
Gold & Silver Prices – Daily Outlook January 13
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices continued their upward trend of the past couple of weeks. Yesterday the ECB decided to keep interest
Top-Performing U.S.-Listed Chinese Stocks (Jan 12, 2012)
Below are the latest top-performing U.S.-listed Chinese stocks. Trina Solar
Limited (ADR) (NYSE:TSL) is the best-performing U.S.-listed Chinese stock on
Jan. 12. It was up 9.4% on the day. TSLs upside potential is 26.6% based on
brokerage analysts average target price of $13.07. It is trading at 33.2% of its
52-week high of $31.08, and 95.5% above its 52-week low of $5.28. VanceInfo
Technologies Inc.(ADR) (NYSE:VIT) is the second best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 5.9% on the day. VITs upside potential is
35.9% based on brokerage analysts average target price of $18.24. It is trading
at 35.3% of its 52-week high of $37.99, and 116.8% above its 52-week low of
$6.19. Renren Inc (NYSE:RENN) is the third best-performing U.S.-listed Chinese
stock on Jan. 12. It was up 5.7% on the day. RENNs upside potential is 87.2%
based on brokerage analysts average target price of $7.62. It is trading at
17.0% of its 52-week high of $24.00, and 26.8% above its 52-week low of $3.21.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) is the fourth best-performing
U.S.-listed Chinese stock on Jan. 12. It was up 5.4% on the day. PWRDs upside
potential is 123.0% based on brokerage analysts average target price of $24.00.
It is trading at 37.0% of its 52-week high of $29.10, and 27.5% above its
52-week low of $8.44. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is the
fifth best-performing U.S.-listed Chinese stock on Jan. 12. It was up 5.2% on
the day. CTRPs upside potential is 86.1% based on brokerage analysts average
target price of $44.30. It is trading at 47.1% of its 52-week high of $50.57,
and 8.1% above its 52-week low of $22.02. Shanda Games Limited(ADR)
(NASDAQ:GAME) is the sixth best-performing U.S.-listed Chinese stock on Jan. 12.
It was up 4.8% on the day. GAMEs upside potential is 53.7% based on brokerage
analysts average target price of $6.65. It is trading at 56.2% of its 52-week
high of $7.70, and 25.1% above its 52-week low of $3.46. Giant Interactive Group
Inc (ADR) (NYSE:GA) is the seventh best-performing U.S.-listed Chinese stock on
Jan. 12. It was up 4.7% on the day. GAs upside potential is 66.1% based on
brokerage analysts average target price of $6.98. It is trading at 44.4% of its
52-week high of $9.45, and 39.1% above its 52-week low of $3.02. SINA
Corporation (USA) (NASDAQ:SINA) is the eighth best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 4.6% on the day. SINAs upside potential is
75.3% based on brokerage analysts average target price of $105.37. It is trading
at 40.9% of its 52-week high of $147.12, and 28.3% above its 52-week low of
$46.86. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the ninth
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 4.1% on the day.
JASOs upside potential is 55.6% based on brokerage analysts average target price
of $3.14. It is trading at 23.6% of its 52-week high of $8.57, and 66.9% above
its 52-week low of $1.21. ReneSola Ltd. (ADR) (NYSE:SOL) is the 10th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 4.0% on the day.
SOLs upside potential is 22.3% based on brokerage analysts average target price
of $2.86. It is trading at 17.7% of its 52-week high of $13.25, and 61.4% above
its 52-week low of $1.45. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is the
11th best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.6% on the
day. HTHTs upside potential is 55.8% based on brokerage analysts average target
price of $21.82. It is trading at 58.1% of its 52-week high of $24.10, and 16.7%
above its 52-week low of $12.00. ZHONGPIN INC. (NASDAQ:HOGS) is the 12th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.1% on the day.
HOGSs upside potential is 51.0% based on brokerage analysts average target price
of $15.92. It is trading at 52.0% of its 52-week high of $20.25, and 59.7% above
its 52-week low of $6.60. China Kanghui Holdings (ADR) (NYSE:KH) is the 13th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.0% on the day.
KHs upside potential is 62.3% based on brokerage analysts average target price
of $24.75. It is trading at 57.5% of its 52-week high of $26.50, and 18.0% above
its 52-week low of $12.92. Sohu.com Inc. (NASDAQ:SOHU) is the 14th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.0% on the day.
SOHUs upside potential is 43.7% based on brokerage analysts average target price
of $78.38. It is trading at 49.9% of its 52-week high of $109.37, and 20.1%
above its 52-week low of $45.40. Huaneng Power International, Inc. (ADR)
(NYSE:HNP) is the 15th best-performing U.S.-listed Chinese stock on Jan. 12. It
was up 2.9% on the day. HNPs upside potential is 1.6% based on brokerage
analysts average target price of $23.32. It is trading at 95.9% of its 52-week
high of $23.94, and 48.6% above its 52-week low of $15.45. Youku.com Inc (ADR)
(NYSE:YOKU) is the 16th best-performing U.S.-listed Chinese stock on Jan. 12. It
was up 2.9% on the day. YOKUs upside potential is 50.5% based on brokerage
analysts average target price of $29.14. It is trading at 27.7% of its 52-week
high of $69.95, and 40.7% above its 52-week low of $13.76. Home Inns & Hotels
Management Inc. (ADR) (NASDAQ:HMIN) is the 17th best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 2.7% on the day. HMINs upside potential is
73.0% based on brokerage analysts average target price of $47.69. It is trading
at 61.4% of its 52-week high of $44.86, and 24.8% above its 52-week low of
$22.09. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 18th best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 2.4% on the day. JOBSs upside potential is
56.0% based on brokerage analysts average target price of $64.50. It is trading
at 59.2% of its 52-week high of $69.80, and 12.9% above its 52-week low of
$36.62. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the 19th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 2.3% on the day.
DANGs upside potential is 60.4% based on brokerage analysts average target price
of $9.83. It is trading at 16.8% of its 52-week high of $36.40, and 49.1% above
its 52-week low of $4.11. 7 DAYS GROUP HOLDINGS LIMITED(ADR) (NYSE:SVN) is the
20th best-performing U.S.-listed Chinese stock on Jan. 12. It was up 2.2% on the
day. SVNs upside potential is 80.7% based on brokerage analysts average target
price of $24.03. It is trading at 55.4% of its 52-week high of $24.00, and 22.2%
above its 52-week low of $10.88.
Limited (ADR) (NYSE:TSL) is the best-performing U.S.-listed Chinese stock on
Jan. 12. It was up 9.4% on the day. TSLs upside potential is 26.6% based on
brokerage analysts average target price of $13.07. It is trading at 33.2% of its
52-week high of $31.08, and 95.5% above its 52-week low of $5.28. VanceInfo
Technologies Inc.(ADR) (NYSE:VIT) is the second best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 5.9% on the day. VITs upside potential is
35.9% based on brokerage analysts average target price of $18.24. It is trading
at 35.3% of its 52-week high of $37.99, and 116.8% above its 52-week low of
$6.19. Renren Inc (NYSE:RENN) is the third best-performing U.S.-listed Chinese
stock on Jan. 12. It was up 5.7% on the day. RENNs upside potential is 87.2%
based on brokerage analysts average target price of $7.62. It is trading at
17.0% of its 52-week high of $24.00, and 26.8% above its 52-week low of $3.21.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) is the fourth best-performing
U.S.-listed Chinese stock on Jan. 12. It was up 5.4% on the day. PWRDs upside
potential is 123.0% based on brokerage analysts average target price of $24.00.
It is trading at 37.0% of its 52-week high of $29.10, and 27.5% above its
52-week low of $8.44. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is the
fifth best-performing U.S.-listed Chinese stock on Jan. 12. It was up 5.2% on
the day. CTRPs upside potential is 86.1% based on brokerage analysts average
target price of $44.30. It is trading at 47.1% of its 52-week high of $50.57,
and 8.1% above its 52-week low of $22.02. Shanda Games Limited(ADR)
(NASDAQ:GAME) is the sixth best-performing U.S.-listed Chinese stock on Jan. 12.
It was up 4.8% on the day. GAMEs upside potential is 53.7% based on brokerage
analysts average target price of $6.65. It is trading at 56.2% of its 52-week
high of $7.70, and 25.1% above its 52-week low of $3.46. Giant Interactive Group
Inc (ADR) (NYSE:GA) is the seventh best-performing U.S.-listed Chinese stock on
Jan. 12. It was up 4.7% on the day. GAs upside potential is 66.1% based on
brokerage analysts average target price of $6.98. It is trading at 44.4% of its
52-week high of $9.45, and 39.1% above its 52-week low of $3.02. SINA
Corporation (USA) (NASDAQ:SINA) is the eighth best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 4.6% on the day. SINAs upside potential is
75.3% based on brokerage analysts average target price of $105.37. It is trading
at 40.9% of its 52-week high of $147.12, and 28.3% above its 52-week low of
$46.86. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the ninth
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 4.1% on the day.
JASOs upside potential is 55.6% based on brokerage analysts average target price
of $3.14. It is trading at 23.6% of its 52-week high of $8.57, and 66.9% above
its 52-week low of $1.21. ReneSola Ltd. (ADR) (NYSE:SOL) is the 10th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 4.0% on the day.
SOLs upside potential is 22.3% based on brokerage analysts average target price
of $2.86. It is trading at 17.7% of its 52-week high of $13.25, and 61.4% above
its 52-week low of $1.45. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is the
11th best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.6% on the
day. HTHTs upside potential is 55.8% based on brokerage analysts average target
price of $21.82. It is trading at 58.1% of its 52-week high of $24.10, and 16.7%
above its 52-week low of $12.00. ZHONGPIN INC. (NASDAQ:HOGS) is the 12th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.1% on the day.
HOGSs upside potential is 51.0% based on brokerage analysts average target price
of $15.92. It is trading at 52.0% of its 52-week high of $20.25, and 59.7% above
its 52-week low of $6.60. China Kanghui Holdings (ADR) (NYSE:KH) is the 13th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.0% on the day.
KHs upside potential is 62.3% based on brokerage analysts average target price
of $24.75. It is trading at 57.5% of its 52-week high of $26.50, and 18.0% above
its 52-week low of $12.92. Sohu.com Inc. (NASDAQ:SOHU) is the 14th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 3.0% on the day.
SOHUs upside potential is 43.7% based on brokerage analysts average target price
of $78.38. It is trading at 49.9% of its 52-week high of $109.37, and 20.1%
above its 52-week low of $45.40. Huaneng Power International, Inc. (ADR)
(NYSE:HNP) is the 15th best-performing U.S.-listed Chinese stock on Jan. 12. It
was up 2.9% on the day. HNPs upside potential is 1.6% based on brokerage
analysts average target price of $23.32. It is trading at 95.9% of its 52-week
high of $23.94, and 48.6% above its 52-week low of $15.45. Youku.com Inc (ADR)
(NYSE:YOKU) is the 16th best-performing U.S.-listed Chinese stock on Jan. 12. It
was up 2.9% on the day. YOKUs upside potential is 50.5% based on brokerage
analysts average target price of $29.14. It is trading at 27.7% of its 52-week
high of $69.95, and 40.7% above its 52-week low of $13.76. Home Inns & Hotels
Management Inc. (ADR) (NASDAQ:HMIN) is the 17th best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 2.7% on the day. HMINs upside potential is
73.0% based on brokerage analysts average target price of $47.69. It is trading
at 61.4% of its 52-week high of $44.86, and 24.8% above its 52-week low of
$22.09. 51job, Inc. (ADR) (NASDAQ:JOBS) is the 18th best-performing U.S.-listed
Chinese stock on Jan. 12. It was up 2.4% on the day. JOBSs upside potential is
56.0% based on brokerage analysts average target price of $64.50. It is trading
at 59.2% of its 52-week high of $69.80, and 12.9% above its 52-week low of
$36.62. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the 19th
best-performing U.S.-listed Chinese stock on Jan. 12. It was up 2.3% on the day.
DANGs upside potential is 60.4% based on brokerage analysts average target price
of $9.83. It is trading at 16.8% of its 52-week high of $36.40, and 49.1% above
its 52-week low of $4.11. 7 DAYS GROUP HOLDINGS LIMITED(ADR) (NYSE:SVN) is the
20th best-performing U.S.-listed Chinese stock on Jan. 12. It was up 2.2% on the
day. SVNs upside potential is 80.7% based on brokerage analysts average target
price of $24.03. It is trading at 55.4% of its 52-week high of $24.00, and 22.2%
above its 52-week low of $10.88.
Apple Inc. (NASDAQ:AAPL) Climbing PC Ranks
Apple Inc. (NASDAQ:AAPL) has increased its sales figures, and maintained its
rank as the third leading PC maker in the US. Apple Inc. (NASDAQ:AAPL) Climbing
PC Ranks According to research firm Gartner, Apple Inc. (NASDAQ:AAPL) has
maintained its third place ranking with 11.6% share of PC shipments in the US
for the fourth quarter of 2011. Apple was the only one of the top five U.S.
vendors to see an increase in shipments in an overall market that shrank by
nearly 6%. The performance marks a distinct improvement over Apple Inc.
(NASDAQ:AAPL)'s 9.0% share in the year-ago quarter and continues a long-term
trend of increasing market share. Apple Inc. (NASDAQ:AAPL) stocks are currently
standing at 422.549987792969. Price History Last Price: 422.549987792969 52 Week
Low / High: 310.5 / 427.75 50 Day Moving Average: 393.05 6 Month Price Change %:
19.6% 12 Month Price Change %: 23.6%
rank as the third leading PC maker in the US. Apple Inc. (NASDAQ:AAPL) Climbing
PC Ranks According to research firm Gartner, Apple Inc. (NASDAQ:AAPL) has
maintained its third place ranking with 11.6% share of PC shipments in the US
for the fourth quarter of 2011. Apple was the only one of the top five U.S.
vendors to see an increase in shipments in an overall market that shrank by
nearly 6%. The performance marks a distinct improvement over Apple Inc.
(NASDAQ:AAPL)'s 9.0% share in the year-ago quarter and continues a long-term
trend of increasing market share. Apple Inc. (NASDAQ:AAPL) stocks are currently
standing at 422.549987792969. Price History Last Price: 422.549987792969 52 Week
Low / High: 310.5 / 427.75 50 Day Moving Average: 393.05 6 Month Price Change %:
19.6% 12 Month Price Change %: 23.6%
Gold and Silver Continued to Rally –Recap January 12
Gold and silver prices continued their upward trend and moderately inclined in
Thursdays trading; on the other hand, major energy commodities were traded down:
crude oil prices declined, and natural gas price continued to sharply decrease.
Major currencies such as Euro and Australian dollar appreciated against the U.S
dollar. The recent ECB rate decision may have helped keep the Euro strong
against the U.S. dollar. Here is a summary of the price developments of precious
metals and energy commodities for January 12th, 2012: Precious Metals Prices:
Gold price rose again on Thursday by 0.49% to $1,647.70; Silver price also
moderately inclined by 0.78% to reach $30.12. During January, gold price
inclined by 5.2%, and silver price by 7.91%.
Thursdays trading; on the other hand, major energy commodities were traded down:
crude oil prices declined, and natural gas price continued to sharply decrease.
Major currencies such as Euro and Australian dollar appreciated against the U.S
dollar. The recent ECB rate decision may have helped keep the Euro strong
against the U.S. dollar. Here is a summary of the price developments of precious
metals and energy commodities for January 12th, 2012: Precious Metals Prices:
Gold price rose again on Thursday by 0.49% to $1,647.70; Silver price also
moderately inclined by 0.78% to reach $30.12. During January, gold price
inclined by 5.2%, and silver price by 7.91%.
Top Oversold U.S.-Listed Chinese Stocks (Jan 12, 2012)
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tdp2664 China Analyst Below are the latest oversold U.S.-listed Chinese stocks. LDK Solar Co., Ltd (ADR) (NYSE:LDK) is the most oversold U.S.-listed Chinese stock on Jan. 12. It was down 4.4% on the day. LDK's upside potential is -15.2% based on brokerage analysts' average target price of $4.48. It is trading at 35.3% of its 52-week high of $14.97, and 107.1% above its 52-week low of $2.55. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed Chinese stock on Jan. 12. It was down 3.1% on the day. STP's upside potential is 40.3% based on brokerage analysts' average target price of $4.43. It is trading at 29.2% of its 52-week high of $10.83, and 85.9% above its 52-week low of $1.70. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the third most oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9% on the day. SPRD's upside potential is 84.8% based on brokerage analysts' average target price of $30.58. It is trading at 55.2% of its 52-week high of $29.98, and 92.7% above its 52-week low of $8.59. Mindray Medical International Ltd (ADR) (NYSE:MR) is the fourth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9% on the day. MR's upside potential is 10.0% based on brokerage analysts' average target price of $31.13. It is trading at 90.7% of its 52-week high of $31.21, and 33.2% above its 52-week low of $21.25. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is the fifth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.2% on the day. HOLI's upside potential is 44.9% based on brokerage analysts' average target price of $13.13. It is trading at 49.9% of its 52-week high of $18.15, and 99.6% above its 52-week low of $4.54. AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) is the sixth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 1.9% on the day. AMAP's upside potential is 117.8% based on brokerage analysts' average target price of $22.83. It is trading at 51.9% of its 52-week high of $20.20, and 18.2% above its 52-week low of $8.87. China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the seventh most oversold U.S.-listed Chinese stock on Jan. 12. It was down 1.3% on the day. SNP's upside potential is 7.0% based on brokerage analysts' average target price of $122.20. It is trading at 97.3% of its 52-week high of $117.40, and 38.4% above its 52-week low of $82.50. Noah Holdings Limited (ADR) (NYSE:NOAH) is the eighth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 1.0% on the day. NOAH's upside potential is 227.3% based on brokerage analysts' average target price of $19.96. It is trading at 31.4% of its 52-week high of $19.40, and 6.5% above its 52-week low of $5.73. Seaspan Corporation (NYSE:SSW) is the ninth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.9% on the day. SSW's upside potential is 29.0% based on brokerage analysts' average target price of $18.00. It is trading at 65.4% of its 52-week high of $21.33, and 36.6% above its 52-week low of $10.21. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) is the 10th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day. WX's upside potential is 52.3% based on brokerage analysts' average target price of $18.54. It is trading at 63.7% of its 52-week high of $19.10, and 14.3% above its 52-week low of $10.65. CNOOC Limited (ADR) (NYSE:CEO) is the 11th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day. CEO's upside potential is 14.3% based on brokerage analysts' average target price of $221.93. It is trading at 71.4% of its 52-week high of $271.94, and 37.4% above its 52-week low of $141.27. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 12th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day. QIHU's upside potential is 103.4% based on brokerage analysts' average target price of $34.07. It is trading at 46.3% of its 52-week high of $36.21, and 22.2% above its 52-week low of $13.71. Simcere Pharmaceutical Group (ADR) (NYSE:SCR) is the 13th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.6% on the day. SCR's upside potential is 11.9% based on brokerage analysts' average target price of $9.98. It is trading at 64.9% of its 52-week high of $13.75, and 25.3% above its 52-week low of $7.12. PetroChina Company Limited (ADR) (NYSE:PTR) is the 14th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.4% on the day. PTR's upside potential is 8.1% based on brokerage analysts' average target price of $150.67. It is trading at 87.8% of its 52-week high of $158.83, and 25.3% above its 52-week low of $111.29.
Delta Mulling AMR Corp. Bid — Thursday’s IP Market Recap
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tdp2664 InvestorPlace Bankrupt airline holding company AMR Corp. (PINK: AAMRQ ) got a jolt of life Thursday after The Wall Street Journal reported Delta Air Lines (NYSE: DAL ) and a private equity firm were each exploring the possibility of acquiring the company. Shares for the American Airline parent — now trading on the pink sheets — jumped as high as 20% in midday trading before settling up about 12% at 40 cents. AMR filed for bankruptcy in November. According to the report, analysis by Delta — the world's largest carrier — said the company could get approval for the acquisition if it makes certain concessions. DAL stock gained about 3% on the news to finish Thursday trading at $8.87. TPG Capital, a private-equity firm that previously has had dealings with Continental Airlines (NYSE: UAL ) and Qantas Airways, is the other potential bidder. The Journal added a late note saying US Airways (NYSE: LCC ) was also mulling a bid. Also Thursday, Dick's Sporting Goods (NYSE: DKS ) shot up more than 12% to $40.94 after announcing the authorization of a $200 million stock buyback program. Dick's said in a release that the program will offset stock options issued after the company's 2002 IPO anticipated to be exercised this year. In the same release, Dick's announced it would revising the top end of its fourth-quarter earnings guidance, with the company now expecting a range of 87-88 cents per share compared to previous expectations of 87-89 cents. Analysts polled by FactSet currently expect earnings to hit the bottom end of expectations. Top-line full-year guidance also was lower by a cent but also is in line with Wall Street opinions. Three Up Radian Group (NYSE: RDN ): Up 10% (27 cents) to $2.967. Research In Motion (NASDAQ: RIMM ): Up 5.3% (83 cents) to $16.44. Broadcom (NASDAQ: BRCM ): Up 5.2% ($1.60) to $32.66. Three Down Rex Energy (NASDAQ: REXX ): Down 15.1% ($2.07) to $11.63. Williams-Sonoma (NYSE: WSM ): Down 12.2% ($4.76) to $34.32. Infosys (NASDAQ: INFY ): Down 8.8% ($5.02) to $51.85. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks.
Bank of America Corporation (NYSE:BAC) To Review Marketing
XCSFDHG46767FHJHJF
tdp2664 E money daily Bank of America Corporation (NYSE:BAC) has launched a Global Agency marketing review. Bank of America Corporation (NYSE:BAC) To Review Marketing Bank of America Corporation (NYSE:BAC) announced that it is going to have a global review of its marketing communications agencies. The move is being taken as it seeks to mold a new image for a company that has changed significantly since the financial crisis and suffered repeated blows to its brand. Anne Finucane, Bank of America Corporation (NYSE:BAC)'s global strategy and marketing officer, is leading the review process. Bank of America Corp. (NYSE:BAC) company shares are currently standing at 6.86999988555908. Price History Last Price: 6.86999988555908 52 Week Low / High: 4.92 / 15.31 50 Day Moving Average: 5.81 6 Month Price Change %: -35.1% 12 Month Price Change %: -54.0%
Merck Is Shopping for Smarts In Hep C
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace When the dust finally settles in the battle for preeminence in the hepatitis C market, Merck (NYSE: MRK ) aims to be on top. And the company has made it clear it will do anything and everything to make certain it emerges as the leader in a market that could approach $20 billion worldwide by 2020. "We would consider small deals to large deals — whatever is necessary to lead in hepatitis ," Roger Pomerantz, the drugmaker's worldwide head of licensing and acquisitions, said in an interview this week at the J.P. Morgan Healthcare Conference in San Francisco, according to Bloomberg. Merck's willingness to pull out all the stops in the hepatitis C race could mean the company has its sights set on one of the two small drug developers in the field that haven't already been gobbled up. As we noted in an article earlier this week , the two companies are Idenix Pharmaceuticals
BPAX Delivers 16% In 2 Days, Yet I Break Even, Here’s How
XCSFDHG46767FHJHJF
tdp2664 Penny Stock Live To watch in HD, first expand the video and then select 1080p in the settings below the chart.
Microsoft Corporation (NASDAQ:MSFT) Backpedals On Patents
Microsoft Corporation (NASDAQ:MSFT) has withdrawn a patent from its Barnes &
Noble Android court case. Microsoft Corporation (NASDAQ:MSFT) Backpedals On
Patents According to a report, Microsoft Corporation (NASDAQ:MSFT) has cut one
of the patents over which it is suing Barnes & Noble, and has narrowed back
asserted claims on the four others at the heart of its Android patent suit.
Microsoft Corporation (NASDAQ:MSFT) sued Barnes & Noble, Foxconn and Inventec in
2011, claiming the Android-based Nook infringed on a handful of Microsoft's
patents. Florian Mueller, who is working on a Microsoft Corporation
(NASDAQ:MSFT) -funded study of FRAND patents, said that, "From a case
management perspective, (Microsoft Corporation (NASDAQ:MSFT)'s withdrawal)
helps both parties and the ITC: they get to focus on a smaller number of patent
claims. The patent which Microsoft Corporation (NASDAQ:MSFT) cut from the
handful of those over which it is suing Barnes & Noble cover the "loading
status in a hypermedia browser having a limited available display area".
Microsoft Corp. (NASDAQ:MSFT) shares were at 27.7199993133545 at the end of the
last days trading. Theres been a 3.1% change in the stock price over the past 3
months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate
Buy Mean recommendation: 1.95 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.77
Zacks Rank: 73 out of 90 in the industry
Noble Android court case. Microsoft Corporation (NASDAQ:MSFT) Backpedals On
Patents According to a report, Microsoft Corporation (NASDAQ:MSFT) has cut one
of the patents over which it is suing Barnes & Noble, and has narrowed back
asserted claims on the four others at the heart of its Android patent suit.
Microsoft Corporation (NASDAQ:MSFT) sued Barnes & Noble, Foxconn and Inventec in
2011, claiming the Android-based Nook infringed on a handful of Microsoft's
patents. Florian Mueller, who is working on a Microsoft Corporation
(NASDAQ:MSFT) -funded study of FRAND patents, said that, "From a case
management perspective, (Microsoft Corporation (NASDAQ:MSFT)'s withdrawal)
helps both parties and the ITC: they get to focus on a smaller number of patent
claims. The patent which Microsoft Corporation (NASDAQ:MSFT) cut from the
handful of those over which it is suing Barnes & Noble cover the "loading
status in a hypermedia browser having a limited available display area".
Microsoft Corp. (NASDAQ:MSFT) shares were at 27.7199993133545 at the end of the
last days trading. Theres been a 3.1% change in the stock price over the past 3
months. Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate
Buy Mean recommendation: 1.95 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.77
Zacks Rank: 73 out of 90 in the industry
Delta Mulling AMR Corp. Bid — Thursday’s IP Market Recap
Bankrupt airline holding company AMR Corp. (PINK: AAMRQ ) got a jolt of life
Thursday after The Wall Street Journal reported Delta Air Lines (NYSE: DAL ) and
a private equity firm were each exploring the possibility of acquiring the
company. Shares for the American Airline parent now trading on the pink sheets
jumped as high as 20% in midday trading before settling up about 12% at 40
cents. AMR filed for bankruptcy in November. According to the report, analysis
by Delta the world's largest carrier said the company could get approval for
the acquisition if it makes certain concessions. DAL stock gained about 3% on
the news to finish Thursday trading at $8.87. TPG Capital, a private-equity firm
that previously has had dealings with Continental Airlines (NYSE: UAL ) and
Qantas Airways, is the other potential bidder. The Journal added a late note
saying US Airways (NYSE: LCC ) was also mulling a bid. Also Thursday, Dick's
Sporting Goods (NYSE: DKS ) shot up more than 12% to $40.94 after announcing the
authorization of a $200 million stock buyback program. Dick's said in a
release that the program will offset stock options issued after the company's
2002 IPO anticipated to be exercised this year. In the same release, Dick's
announced it would revising the top end of its fourth-quarter earnings guidance,
with the company now expecting a range of 87-88 cents per share compared to
previous expectations of 87-89 cents. Analysts polled by FactSet currently
expect earnings to hit the bottom end of expectations. Top-line full-year
guidance also was lower by a cent but also is in line with Wall Street opinions.
Three Up Radian Group (NYSE: RDN ): Up 10% (27 cents) to $2.967. Research In
Motion (NASDAQ: RIMM ): Up 5.3% (83 cents) to $16.44. Broadcom (NASDAQ: BRCM ):
Up 5.2% ($1.60) to $32.66. Three Down Rex Energy (NASDAQ: REXX ): Down 15.1%
($2.07) to $11.63. Williams-Sonoma (NYSE: WSM ): Down 12.2% ($4.76) to $34.32.
Infosys (NASDAQ: INFY ): Down 8.8% ($5.02) to $51.85. As of this writing, Kyle
Woodley did not own a position in any of the aforementioned stocks.
Thursday after The Wall Street Journal reported Delta Air Lines (NYSE: DAL ) and
a private equity firm were each exploring the possibility of acquiring the
company. Shares for the American Airline parent now trading on the pink sheets
jumped as high as 20% in midday trading before settling up about 12% at 40
cents. AMR filed for bankruptcy in November. According to the report, analysis
by Delta the world's largest carrier said the company could get approval for
the acquisition if it makes certain concessions. DAL stock gained about 3% on
the news to finish Thursday trading at $8.87. TPG Capital, a private-equity firm
that previously has had dealings with Continental Airlines (NYSE: UAL ) and
Qantas Airways, is the other potential bidder. The Journal added a late note
saying US Airways (NYSE: LCC ) was also mulling a bid. Also Thursday, Dick's
Sporting Goods (NYSE: DKS ) shot up more than 12% to $40.94 after announcing the
authorization of a $200 million stock buyback program. Dick's said in a
release that the program will offset stock options issued after the company's
2002 IPO anticipated to be exercised this year. In the same release, Dick's
announced it would revising the top end of its fourth-quarter earnings guidance,
with the company now expecting a range of 87-88 cents per share compared to
previous expectations of 87-89 cents. Analysts polled by FactSet currently
expect earnings to hit the bottom end of expectations. Top-line full-year
guidance also was lower by a cent but also is in line with Wall Street opinions.
Three Up Radian Group (NYSE: RDN ): Up 10% (27 cents) to $2.967. Research In
Motion (NASDAQ: RIMM ): Up 5.3% (83 cents) to $16.44. Broadcom (NASDAQ: BRCM ):
Up 5.2% ($1.60) to $32.66. Three Down Rex Energy (NASDAQ: REXX ): Down 15.1%
($2.07) to $11.63. Williams-Sonoma (NYSE: WSM ): Down 12.2% ($4.76) to $34.32.
Infosys (NASDAQ: INFY ): Down 8.8% ($5.02) to $51.85. As of this writing, Kyle
Woodley did not own a position in any of the aforementioned stocks.
Top Oversold U.S.-Listed Chinese Stocks (Jan 12, 2012)
Below are the latest oversold U.S.-listed Chinese stocks. LDK Solar Co., Ltd
(ADR) (NYSE:LDK) is the most oversold U.S.-listed Chinese stock on Jan. 12. It
was down 4.4% on the day. LDKs upside potential is -15.2% based on brokerage
analysts average target price of $4.48. It is trading at 35.3% of its 52-week
high of $14.97, and 107.1% above its 52-week low of $2.55. Suntech Power
Holdings Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed
Chinese stock on Jan. 12. It was down 3.1% on the day. STPs upside potential is
40.3% based on brokerage analysts average target price of $4.43. It is trading
at 29.2% of its 52-week high of $10.83, and 85.9% above its 52-week low of
$1.70. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the third most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9% on the day.
SPRDs upside potential is 84.8% based on brokerage analysts average target price
of $30.58. It is trading at 55.2% of its 52-week high of $29.98, and 92.7% above
its 52-week low of $8.59. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the fourth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9%
on the day. MRs upside potential is 10.0% based on brokerage analysts average
target price of $31.13. It is trading at 90.7% of its 52-week high of $31.21,
and 33.2% above its 52-week low of $21.25. Hollysys Automation Technologies Ltd
(NASDAQ:HOLI) is the fifth most oversold U.S.-listed Chinese stock on Jan. 12.
It was down 2.2% on the day. HOLIs upside potential is 44.9% based on brokerage
analysts average target price of $13.13. It is trading at 49.9% of its 52-week
high of $18.15, and 99.6% above its 52-week low of $4.54. AutoNavi Holdings Ltd
(ADR) (NASDAQ:AMAP) is the sixth most oversold U.S.-listed Chinese stock on Jan.
12. It was down 1.9% on the day. AMAPs upside potential is 117.8% based on
brokerage analysts average target price of $22.83. It is trading at 51.9% of its
52-week high of $20.20, and 18.2% above its 52-week low of $8.87. China
Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the seventh most oversold
U.S.-listed Chinese stock on Jan. 12. It was down 1.3% on the day. SNPs upside
potential is 7.0% based on brokerage analysts average target price of $122.20.
It is trading at 97.3% of its 52-week high of $117.40, and 38.4% above its
52-week low of $82.50. Noah Holdings Limited (ADR) (NYSE:NOAH) is the eighth
most oversold U.S.-listed Chinese stock on Jan. 12. It was down 1.0% on the day.
NOAHs upside potential is 227.3% based on brokerage analysts average target
price of $19.96. It is trading at 31.4% of its 52-week high of $19.40, and 6.5%
above its 52-week low of $5.73. Seaspan Corporation (NYSE:SSW) is the ninth most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.9% on the day. SSWs
upside potential is 29.0% based on brokerage analysts average target price of
$18.00. It is trading at 65.4% of its 52-week high of $21.33, and 36.6% above
its 52-week low of $10.21. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) is the
10th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the
day. WXs upside potential is 52.3% based on brokerage analysts average target
price of $18.54. It is trading at 63.7% of its 52-week high of $19.10, and 14.3%
above its 52-week low of $10.65. CNOOC Limited (ADR) (NYSE:CEO) is the 11th most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day. CEOs
upside potential is 14.3% based on brokerage analysts average target price of
$221.93. It is trading at 71.4% of its 52-week high of $271.94, and 37.4% above
its 52-week low of $141.27. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 12th
most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day.
QIHUs upside potential is 103.4% based on brokerage analysts average target
price of $34.07. It is trading at 46.3% of its 52-week high of $36.21, and 22.2%
above its 52-week low of $13.71. Simcere Pharmaceutical Group (ADR) (NYSE:SCR)
is the 13th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.6%
on the day. SCRs upside potential is 11.9% based on brokerage analysts average
target price of $9.98. It is trading at 64.9% of its 52-week high of $13.75, and
25.3% above its 52-week low of $7.12. PetroChina Company Limited (ADR)
(NYSE:PTR) is the 14th most oversold U.S.-listed Chinese stock on Jan. 12. It
was down 0.4% on the day. PTRs upside potential is 8.1% based on brokerage
analysts average target price of $150.67. It is trading at 87.8% of its 52-week
high of $158.83, and 25.3% above its 52-week low of $111.29.
(ADR) (NYSE:LDK) is the most oversold U.S.-listed Chinese stock on Jan. 12. It
was down 4.4% on the day. LDKs upside potential is -15.2% based on brokerage
analysts average target price of $4.48. It is trading at 35.3% of its 52-week
high of $14.97, and 107.1% above its 52-week low of $2.55. Suntech Power
Holdings Co., Ltd. (ADR) (NYSE:STP) is the second most oversold U.S.-listed
Chinese stock on Jan. 12. It was down 3.1% on the day. STPs upside potential is
40.3% based on brokerage analysts average target price of $4.43. It is trading
at 29.2% of its 52-week high of $10.83, and 85.9% above its 52-week low of
$1.70. Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) is the third most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9% on the day.
SPRDs upside potential is 84.8% based on brokerage analysts average target price
of $30.58. It is trading at 55.2% of its 52-week high of $29.98, and 92.7% above
its 52-week low of $8.59. Mindray Medical International Ltd (ADR) (NYSE:MR) is
the fourth most oversold U.S.-listed Chinese stock on Jan. 12. It was down 2.9%
on the day. MRs upside potential is 10.0% based on brokerage analysts average
target price of $31.13. It is trading at 90.7% of its 52-week high of $31.21,
and 33.2% above its 52-week low of $21.25. Hollysys Automation Technologies Ltd
(NASDAQ:HOLI) is the fifth most oversold U.S.-listed Chinese stock on Jan. 12.
It was down 2.2% on the day. HOLIs upside potential is 44.9% based on brokerage
analysts average target price of $13.13. It is trading at 49.9% of its 52-week
high of $18.15, and 99.6% above its 52-week low of $4.54. AutoNavi Holdings Ltd
(ADR) (NASDAQ:AMAP) is the sixth most oversold U.S.-listed Chinese stock on Jan.
12. It was down 1.9% on the day. AMAPs upside potential is 117.8% based on
brokerage analysts average target price of $22.83. It is trading at 51.9% of its
52-week high of $20.20, and 18.2% above its 52-week low of $8.87. China
Petroleum & Chemical Corp. (ADR) (NYSE:SNP) is the seventh most oversold
U.S.-listed Chinese stock on Jan. 12. It was down 1.3% on the day. SNPs upside
potential is 7.0% based on brokerage analysts average target price of $122.20.
It is trading at 97.3% of its 52-week high of $117.40, and 38.4% above its
52-week low of $82.50. Noah Holdings Limited (ADR) (NYSE:NOAH) is the eighth
most oversold U.S.-listed Chinese stock on Jan. 12. It was down 1.0% on the day.
NOAHs upside potential is 227.3% based on brokerage analysts average target
price of $19.96. It is trading at 31.4% of its 52-week high of $19.40, and 6.5%
above its 52-week low of $5.73. Seaspan Corporation (NYSE:SSW) is the ninth most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.9% on the day. SSWs
upside potential is 29.0% based on brokerage analysts average target price of
$18.00. It is trading at 65.4% of its 52-week high of $21.33, and 36.6% above
its 52-week low of $10.21. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) is the
10th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the
day. WXs upside potential is 52.3% based on brokerage analysts average target
price of $18.54. It is trading at 63.7% of its 52-week high of $19.10, and 14.3%
above its 52-week low of $10.65. CNOOC Limited (ADR) (NYSE:CEO) is the 11th most
oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day. CEOs
upside potential is 14.3% based on brokerage analysts average target price of
$221.93. It is trading at 71.4% of its 52-week high of $271.94, and 37.4% above
its 52-week low of $141.27. Qihoo 360 Technology Co Ltd (NYSE:QIHU) is the 12th
most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.7% on the day.
QIHUs upside potential is 103.4% based on brokerage analysts average target
price of $34.07. It is trading at 46.3% of its 52-week high of $36.21, and 22.2%
above its 52-week low of $13.71. Simcere Pharmaceutical Group (ADR) (NYSE:SCR)
is the 13th most oversold U.S.-listed Chinese stock on Jan. 12. It was down 0.6%
on the day. SCRs upside potential is 11.9% based on brokerage analysts average
target price of $9.98. It is trading at 64.9% of its 52-week high of $13.75, and
25.3% above its 52-week low of $7.12. PetroChina Company Limited (ADR)
(NYSE:PTR) is the 14th most oversold U.S.-listed Chinese stock on Jan. 12. It
was down 0.4% on the day. PTRs upside potential is 8.1% based on brokerage
analysts average target price of $150.67. It is trading at 87.8% of its 52-week
high of $158.83, and 25.3% above its 52-week low of $111.29.
U.S. Foreclosure Relief Nowhere In Sight
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace According to RealtyTrac’s Year-End 2011 U.S. Foreclosure Market Report , 1.9 million U.S. homes were hit with default notices, foreclosures and other actions last year. That is a 34 percent decrease in total properties from 2.9 million in 2010. This marked the lowest annual level of U.S. foreclosure activity since 2007. While on the surface this seems like a positive development, the catalyst for the drop was actually an increase in the time it takes for lenders to process the foreclosures. As a result of the robo-signing controversy, lenders performed a massive review of foreclosure procedures which delayed foreclosure proceedings and created a huge backlog in the pipeline. "Foreclosures were in full delay mode in 2011, resulting in a dramatic drop in foreclosure activity for the year," said Brandon Moore, chief executive officer of RealtyTrac. "The lack of clarity regarding many of the documentation and legal issues plaguing the foreclosure industry means that we are continuing to see a highly dysfunctional foreclosure process that is inefficiently dealing with delinquent mortgages — particularly in states with a judicial foreclosure process. The length of the average foreclosure process increased 24 percent from 281 days in the third quarter of 2010, when lenders began to re-evaluate foreclosure procedures in earnest. The three states with the longest foreclosure timelines (New York, New Jersey and Florida) employ the judicial foreclosure process and take greater than 806 days to complete a foreclosure. Lenders are getting more aggressive with the 3.5 million U.S. homes with seriously delinquent mortgages, setting the stage for a big wave of foreclosure action this year. "There were strong signs in the second half of 2011 that lenders are finally beginning to push through some of the delayed foreclosures in select local markets. We expect that trend to continue this year, boosting foreclosure activity for 2012 higher than it was in 2011, though still below the peak of 2010," Moore said.
Gold, Silver Shares Rise, Precious Metals Steady
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver shares added to their weekly gains on Thursday, with the Philadelphia Gold & Silver Index (XAU) rising 0.5% to a one-month high of 194.04.
Analyst Actions on Chinese Stocks: ACH, AMBO, CHL, CSIQ, DQ, EDU, GAME, HNP … (Jan 12, 2012)
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the latest
Home Depot to Hire 70,000 for Spring Boom
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Global home improvement retailing giant Home Depot (NYSE: HD ) on Thursday announced it has begun recruiting for 70,000 seasonal positions to help with the 2012 spring rush. And best of all, for job seekers, it could lead to something more permanent. Tim Crow, executive vice president for human resources, said in a release, "A seasonal job at The Home Depot can often lead to a regular position if you’re passionate about customer service.” According to the company, more than half of Home Depot's 2011 seasonal hires stayed on in permanent positions. For home improvement retailers, including competitor Lowe's (NYSE: LOW ) spring season is much like traditional retailers' holiday seasons, with many of their outdoor product rollouts — and bargains — coming out in time for consumers to gear up for warmer weather. Home Depot says it will begin the spring season with "door-buster" prices on products such as live goods, gardening products, patio furniture and grills. Home Depot said prospective employees can apply at www.Careers.HomeDepot.com . Hiring will commence during the next several weeks. HD shares were down less than half a percent Thursday but are up 3% year-to-date and almost 25% over the past 52 weeks. – Kyle Woodley, IP.com Assistant Editor
J.P. Morgan Chase & Co. (NYSE:JPM) Looking East For Launch
XCSFDHG46767FHJHJF
tdp2664 E money daily J.P. Morgan Chase & Co. (NYSE:JPM) has eyed expanding Asia Pacific markets for its sub-custody launch. J.P. Morgan Chase & Co. (NYSE:JPM) Looking East For Launch Reports say that J.P. Morgan Chase & Co. (NYSE:JPM) is planning to open a sub-custody operation in Hong Kong and hopes to launch in other Asia Pacific markets including Malaysia. This move is a part of J.P. Morgan Chase & Co. (NYSE:JPM)'s global expansion plan. Mark Kelley, CEO of J.P. Morgan Worldwide Securities Services (WSS) in Australia and New Zealand, said that, "One of the intents of J.P. Morgan Chase & Co. (NYSE:JPM) will be to continue to build that out around the world. We have nine sites that we manage right now as J.P. Morgan Chase & Co. (NYSE:JPM) offices around the world, and we will continue to grow it out. HK is next, and after that we are looking at a couple more places in Asia, and one of those that we're currently taking a close look at is Malaysia. It gives our clients a comfortable feeling to know that not only are we a global custodian, we are also a sub-custodian, and they can get protection by leveraging J.P. Morgan Chase & Co. (NYSE:JPM)'s end-to-end capability". JP Morgan Chase & Co. (NYSE:JPM) shares were at 36.6599998474121 at the end of the last day’s trading. There’s been a 11.6% change in the stock price over the past 3 months. JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.36 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.29 Zack’s Rank: 4 out of 15 in the industry
Gold, Silver Shares Rise, Precious Metals Steady
Gold and silver shares added to their weekly gains on Thursday, with the
Philadelphia Gold & Silver Index (XAU) rising 0.5% to a one-month high of
194.04.
Philadelphia Gold & Silver Index (XAU) rising 0.5% to a one-month high of
194.04.
QE3, $2,200 Gold Ahead This Year, Says Morgan Stanley
The Federal Reserve will launch a third round of quantitative easing (QE3) and
the price of gold will reach a new all-time record high above $2,200 per ounce
later this year, according to analysts at Morgan Stanley. In a recent report to
clients, the Wall Street investment bank named gold among its top picks for 2012
and forecasted an average price of $2,200 per ounce. Morgan Stanleys view is
based on part on Ben Bernanke launching a third round of asset purchases.
the price of gold will reach a new all-time record high above $2,200 per ounce
later this year, according to analysts at Morgan Stanley. In a recent report to
clients, the Wall Street investment bank named gold among its top picks for 2012
and forecasted an average price of $2,200 per ounce. Morgan Stanleys view is
based on part on Ben Bernanke launching a third round of asset purchases.
Google Inc. (NASDAQ:GOOG) Continues Market Expansion
Google Inc. (NASDAQ:GOOG) has been expanding in China after two years' of
censorship clashes. Google Inc. (NASDAQ:GOOG) Continues Market Expansion Google
Inc. (NASDAQ:GOOG) is planning to hire engineers, product managers and sales
people in the world's biggest internet market after two years of censorship
clashes with Chinese authorities. The company will introduce the Android Market
in China soon, and will boost other product search services which do not require
official censorship. Daniel Alegre, Google Inc. (NASDAQ:GOOG) Asia's top
executive, said, "Now, with Android's growth in China and with more Chinese
companies looking to advertise online, Google Inc. (NASDAQ:GOOG)'s decision to
reverse course and invest more in China is a pragmatic one for Mr. Brin and
fellow co-founder and current CEO Larry Page. There is a very large business
opportunity in China, and they recognize it". Google Inc. (NASDAQ:GOOG) shares
are currently standing at 625.960021972656. Price History Last Price:
625.960021972656 52 Week Low / High: 473.02 / 670.25 50 Day Moving Average:
614.77 6 Month Price Change %: 16.7% 12 Month Price Change %: 1.5%
censorship clashes. Google Inc. (NASDAQ:GOOG) Continues Market Expansion Google
Inc. (NASDAQ:GOOG) is planning to hire engineers, product managers and sales
people in the world's biggest internet market after two years of censorship
clashes with Chinese authorities. The company will introduce the Android Market
in China soon, and will boost other product search services which do not require
official censorship. Daniel Alegre, Google Inc. (NASDAQ:GOOG) Asia's top
executive, said, "Now, with Android's growth in China and with more Chinese
companies looking to advertise online, Google Inc. (NASDAQ:GOOG)'s decision to
reverse course and invest more in China is a pragmatic one for Mr. Brin and
fellow co-founder and current CEO Larry Page. There is a very large business
opportunity in China, and they recognize it". Google Inc. (NASDAQ:GOOG) shares
are currently standing at 625.960021972656. Price History Last Price:
625.960021972656 52 Week Low / High: 473.02 / 670.25 50 Day Moving Average:
614.77 6 Month Price Change %: 16.7% 12 Month Price Change %: 1.5%
Gold Price Firm, ECB Leaves Rates Unchanged
GOLD PRICE NEWS – The gold price climbed $13.87 to $1,656.19 per ounce
Thursday morning after the European Central Bank and Bank of England each kept
their benchmark interest rates at record lows.
Thursday morning after the European Central Bank and Bank of England each kept
their benchmark interest rates at record lows.
Microsoft Corporation (NASDAQ:MSFT) Opens New Irish Venture
Microsoft Corporation (NASDAQ:MSFT) has opened Irish firm Inishtech. Microsoft
Corporation (NASDAQ:MSFT) Opens New Irish Venture Microsoft Corporation
(NASDAQ:MSFT)'s Ip Ventures Program has announced the launch of a new startup
called Inishtech, based in Dublin, Ireland. According to Microsoft Corporation
(NASDAQ:MSFT) officials the new company will handle Microsoft Corporation
(NASDAQ:MSFT)'s software licensing and protection services. Microsoft
Corporation (NASDAQ:MSFT) is said to be providing an undisclosed amount of
startup funding, as well as support through its bizspark program. Microsoft
Corporation (NASDAQ:MSFT)'s Ip Ventures Program has previously helped launch
startups like Seattle-based zumobi. Microsoft Corp. (NASDAQ:MSFT) stocks are
currently standing at 27.7199993133545. Price History Last Price:
27.7199993133545 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.03
6 Month Price Change %: 4.9% 12 Month Price Change %: -1.4%
Corporation (NASDAQ:MSFT) Opens New Irish Venture Microsoft Corporation
(NASDAQ:MSFT)'s Ip Ventures Program has announced the launch of a new startup
called Inishtech, based in Dublin, Ireland. According to Microsoft Corporation
(NASDAQ:MSFT) officials the new company will handle Microsoft Corporation
(NASDAQ:MSFT)'s software licensing and protection services. Microsoft
Corporation (NASDAQ:MSFT) is said to be providing an undisclosed amount of
startup funding, as well as support through its bizspark program. Microsoft
Corporation (NASDAQ:MSFT)'s Ip Ventures Program has previously helped launch
startups like Seattle-based zumobi. Microsoft Corp. (NASDAQ:MSFT) stocks are
currently standing at 27.7199993133545. Price History Last Price:
27.7199993133545 52 Week Low / High: 23.65 / 29.46 50 Day Moving Average: 26.03
6 Month Price Change %: 4.9% 12 Month Price Change %: -1.4%
10-Year Cyclicals Revealed in Treasuries?
Investors trying to divine the next move in certain cyclical stocks may need to
look no further than the 10-year Treasury note. The correlation between the
chart pattern of the 10-year yield and that of the aluminum, coal, nonferrous
metals, and steel sectors has been at an extraordinarily high level in the past
year. This indicates that the ability of these four sectors to sustain their
recent rally may require confirmation from the 10-year. So far, that isn't
happening which may be a negative sign for stocks in these groups. The three
charts below show the extent of the connection between the benchmark T-note and
the performance of aluminum, coal, and nonferrous metals. Dow Jones U.S.
Aluminum Index (DJUSAL) Dow Jones U.S. Coal Index (DJUSCL) Dow Jones U.S.
Nonferrous Metals Index (DJUSNF) Steel also has shown a high correlation with
the 10-year yield during the past 12 months, but it has experienced a stronger
positive divergence of late. Dow Jones U.S. Steel Index (DJUSST) It stands to
reason that the 10-year yield would track the stock prices of cyclicals since
stronger economic growth is a catalyst to drive both higher. Indeed, a look at
the longer-term charts on the sectors discussed here shows that while there have
been periods of divergence, all tend to follow longer-term Treasury yields
fairly closely over time. The tight correlation of the past year could be
expected at a time in which macroeconomic concerns have been the primary driver
of asset prices, but investors can nevertheless use the connection between bonds
and cyclicals to their advantage in two ways: First, the fact that the 10-year
yield has held stubbornly under 2% thus far in 2012 serves as a potential
warning for short-term investors since steel, aluminum, nonferrous metals, and
coal have all provided investors with stellar returns year-to-date. If there
isn't a confirmation from the 10-year soon, it may be an indication that the
recent move in these four sectors is just a head fake. We may be nearing the
point where something has to give since Tuesday and Wednesday brought robust
performance for the four sectors even as the 10-year fell from 1.96% to 1.90%.
Second, a convincing move above 2% would be a very bullish sign for these market
segments with "convincing" being the operative, and problematic, word.
Since falling under 2% in early September, the 10-year has made no fewer than
eight attempts to pass this key level, and it has failed on each occasion. On
one of these attempts, the 10-year spent virtually the entire month of October
above 2% before failing on the first day of November. The takeaway: This is an
indicator that can produce some confusing signals. Still, it's clear from the
charts above that government bonds should be a primary focus for anyone who is
considering a trade in these four sectors. Below are some of the stocks in each
sector that have an above-average correlation with the 10-year Treasury note:
Aluminum Alcoa (NYSE: AA ) Aluminum Corp. of China (NYSE: ACH ) Century Aluminum
(NASDAQ: CENX ) Coal Peabody Energy (NYSE: BTU ) Walter Energy (NYSE: WLT ) Arch
Coal (NYSE: ACI ) Nonferrous Metals Freeport-McMoRan Copper & Gold (NYSE: FCX )
Teck Resources Ltd. (NYSE: TCK ) Steel Vale (NYSE: VALE ) Arcelor Mittal (NYSE:
MT ) U.S. Steel (NYSE: X ) Steel Dynamics (NYSE: STLD ) AK Steel (NYSE: AKS )
look no further than the 10-year Treasury note. The correlation between the
chart pattern of the 10-year yield and that of the aluminum, coal, nonferrous
metals, and steel sectors has been at an extraordinarily high level in the past
year. This indicates that the ability of these four sectors to sustain their
recent rally may require confirmation from the 10-year. So far, that isn't
happening which may be a negative sign for stocks in these groups. The three
charts below show the extent of the connection between the benchmark T-note and
the performance of aluminum, coal, and nonferrous metals. Dow Jones U.S.
Aluminum Index (DJUSAL) Dow Jones U.S. Coal Index (DJUSCL) Dow Jones U.S.
Nonferrous Metals Index (DJUSNF) Steel also has shown a high correlation with
the 10-year yield during the past 12 months, but it has experienced a stronger
positive divergence of late. Dow Jones U.S. Steel Index (DJUSST) It stands to
reason that the 10-year yield would track the stock prices of cyclicals since
stronger economic growth is a catalyst to drive both higher. Indeed, a look at
the longer-term charts on the sectors discussed here shows that while there have
been periods of divergence, all tend to follow longer-term Treasury yields
fairly closely over time. The tight correlation of the past year could be
expected at a time in which macroeconomic concerns have been the primary driver
of asset prices, but investors can nevertheless use the connection between bonds
and cyclicals to their advantage in two ways: First, the fact that the 10-year
yield has held stubbornly under 2% thus far in 2012 serves as a potential
warning for short-term investors since steel, aluminum, nonferrous metals, and
coal have all provided investors with stellar returns year-to-date. If there
isn't a confirmation from the 10-year soon, it may be an indication that the
recent move in these four sectors is just a head fake. We may be nearing the
point where something has to give since Tuesday and Wednesday brought robust
performance for the four sectors even as the 10-year fell from 1.96% to 1.90%.
Second, a convincing move above 2% would be a very bullish sign for these market
segments with "convincing" being the operative, and problematic, word.
Since falling under 2% in early September, the 10-year has made no fewer than
eight attempts to pass this key level, and it has failed on each occasion. On
one of these attempts, the 10-year spent virtually the entire month of October
above 2% before failing on the first day of November. The takeaway: This is an
indicator that can produce some confusing signals. Still, it's clear from the
charts above that government bonds should be a primary focus for anyone who is
considering a trade in these four sectors. Below are some of the stocks in each
sector that have an above-average correlation with the 10-year Treasury note:
Aluminum Alcoa (NYSE: AA ) Aluminum Corp. of China (NYSE: ACH ) Century Aluminum
(NASDAQ: CENX ) Coal Peabody Energy (NYSE: BTU ) Walter Energy (NYSE: WLT ) Arch
Coal (NYSE: ACI ) Nonferrous Metals Freeport-McMoRan Copper & Gold (NYSE: FCX )
Teck Resources Ltd. (NYSE: TCK ) Steel Vale (NYSE: VALE ) Arcelor Mittal (NYSE:
MT ) U.S. Steel (NYSE: X ) Steel Dynamics (NYSE: STLD ) AK Steel (NYSE: AKS )
Top 10 U.S.-Listed Chinese Stocks with Highest Return on Equity: SFUN, SPRD, BIDU, CYOU, CEA, RDA, YZC, CEO, GAME, ZNH (Jan 12, 2012)
Below are the top 10 U.S.-listed Chinese stocks with highest Return on Equity
(ROE) ratio for the last 12 months. ROE shows a companys efficiency in making
profits from shareholders equity. It is equal to net profits divided by
shareholders equity. SouFun Holdings Limited (ADR) (NYSE:SFUN) has the 1st
highest Return on Equity in this segment of the market. Its ROE was 107.09% for
the last 12 months. Its net profit margin was 33.83% for the same period.
Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) has the 2nd highest Return on
Equity in this segment of the market. Its ROE was 58.82% for the last 12 months.
Its net profit margin was 21.42% for the same period. Baidu.com, Inc. (ADR)
(NASDAQ:BIDU) has the 3rd highest Return on Equity in this segment of the
market. Its ROE was 56.47% for the last 12 months. Its net profit margin was
46.00% for the same period. Changyou.com Limited(ADR) (NASDAQ:CYOU) has the 4th
highest Return on Equity in this segment of the market. Its ROE was 43.33% for
the last 12 months. Its net profit margin was 50.66% for the same period. China
Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA) has the 5th highest Return on
Equity in this segment of the market. Its ROE was 40.12% for the last 12 months.
Its net profit margin was 7.25% for the same period. Rda Microelectronics Inc
(ADR) (NASDAQ:RDA) has the 6th highest Return on Equity in this segment of the
market. Its ROE was 39.47% for the last 12 months. Its net profit margin was
14.23% for the same period. Yanzhou Coal Mining Co. (ADR) (NYSE:YZC) has the 7th
highest Return on Equity in this segment of the market. Its ROE was 33.39% for
the last 12 months. Its net profit margin was 30.21% for the same period. CNOOC
Limited (ADR) (NYSE:CEO) has the 8th highest Return on Equity in this segment of
the market. Its ROE was 31.02% for the last 12 months. Its net profit margin was
30.19% for the same period. Shanda Games Limited(ADR) (NASDAQ:GAME) has the 9th
highest Return on Equity in this segment of the market. Its ROE was 30.86% for
the last 12 months. Its net profit margin was 26.56% for the same period. China
Southern Airlines Limited (ADR) (NYSE:ZNH) has the 10th highest Return on Equity
in this segment of the market. Its ROE was 30.79% for the last 12 months. Its
net profit margin was 8.74% for the same period.
(ROE) ratio for the last 12 months. ROE shows a companys efficiency in making
profits from shareholders equity. It is equal to net profits divided by
shareholders equity. SouFun Holdings Limited (ADR) (NYSE:SFUN) has the 1st
highest Return on Equity in this segment of the market. Its ROE was 107.09% for
the last 12 months. Its net profit margin was 33.83% for the same period.
Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) has the 2nd highest Return on
Equity in this segment of the market. Its ROE was 58.82% for the last 12 months.
Its net profit margin was 21.42% for the same period. Baidu.com, Inc. (ADR)
(NASDAQ:BIDU) has the 3rd highest Return on Equity in this segment of the
market. Its ROE was 56.47% for the last 12 months. Its net profit margin was
46.00% for the same period. Changyou.com Limited(ADR) (NASDAQ:CYOU) has the 4th
highest Return on Equity in this segment of the market. Its ROE was 43.33% for
the last 12 months. Its net profit margin was 50.66% for the same period. China
Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA) has the 5th highest Return on
Equity in this segment of the market. Its ROE was 40.12% for the last 12 months.
Its net profit margin was 7.25% for the same period. Rda Microelectronics Inc
(ADR) (NASDAQ:RDA) has the 6th highest Return on Equity in this segment of the
market. Its ROE was 39.47% for the last 12 months. Its net profit margin was
14.23% for the same period. Yanzhou Coal Mining Co. (ADR) (NYSE:YZC) has the 7th
highest Return on Equity in this segment of the market. Its ROE was 33.39% for
the last 12 months. Its net profit margin was 30.21% for the same period. CNOOC
Limited (ADR) (NYSE:CEO) has the 8th highest Return on Equity in this segment of
the market. Its ROE was 31.02% for the last 12 months. Its net profit margin was
30.19% for the same period. Shanda Games Limited(ADR) (NASDAQ:GAME) has the 9th
highest Return on Equity in this segment of the market. Its ROE was 30.86% for
the last 12 months. Its net profit margin was 26.56% for the same period. China
Southern Airlines Limited (ADR) (NYSE:ZNH) has the 10th highest Return on Equity
in this segment of the market. Its ROE was 30.79% for the last 12 months. Its
net profit margin was 8.74% for the same period.
Futures Are Green For Now, Updates For Thursday January 12, 2011
XCSFDHG46767FHJHJF
tdp2664 Penny Stock Live U.S. stock futures rose along with European stocks as risk appetite built Thursday after successful debt auctions in Spain and Italy. Investors were also awaiting a heavy schedule of economic data as well as a European Central Bank press conference. A fresh batch of data is on tap for Thursday, including weekly jobless claims as well as retail sales for December, both at 8:30 a.m. Eastern time. At 10 a.m. Eastern, November inventories will be released. Claims are out and slightly higher so futures are dipping a bit, we’ll need to see if they stay green here. BPAX – From up $2,800 on a perfect swing Tuesday morning to $38 profit…just goes to show you these are short lived opportunities. I will record a video this morning on what went wrong from Etrade not allowing online orders
China Stocks Heat Up, Let’s Take A Technical Look
XCSFDHG46767FHJHJF
tdp2664 Penny Stock Live China stocks have been punished by sellers but it appears some trader favorites are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO, CNTF, SOHU, SINA, BIDU usually have sizable short interest and are capable of making solid runs when they heat up. RENN going from $6 – $12 back in August is a good example, you just need to swing them at the right time. Here is what I'm looking at from a technical perspective as we move toward the holidays. E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer e-commerce company in the People’s Republic of China. DANG’s market cap is $474.82 million with cash of $245.54 million and $0 debt. Based on 79.27 million shares outstanding DANG has $3.10 cash per share. The short interest on DANG per the last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU ) operates as an Internet television company in the People’s Republic of China. YOKU’s market cap is $2.15 billion with cash of $600.33 million and $3.30 million in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN ) operates a social networking Internet platform in China. RENN’s market cap is $1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million shares outstanding RENN has $3.05 cash per share. The short interest on RENN is 2.30 days to cover. Yongye International ( NASDAQ:YONG ) engages in the research, development, manufacture, and sale of fulvic acid based liquid and powder nutrient compounds for plants and animals, which are used in the agriculture industry in the People’s Republic of China. YONG’s market cap is $217.31 million with cash of $80.38 million and $21.49 million in debt. Based on 50.45 million shares outstanding YONG has $1.59 cash per share. The short interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. ( NASDAQ:CAST ) provides post-secondary education and e-learning services in China. The company operates in two segments, E-learning and Training Service Group, and Traditional University Group. CAST’s market cap is $286.28 million with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million shares outstanding CAST has $3.51 cash per share. The short interest on CAST is a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates as an online video company in the People’s Republic of China. TUDO’s market cap is $172.50 million with cash of $170.01 million and $13.19 million in debt. Based on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short interest on TUDO is 8.85 days to cover. China Techfaith Wireless ( NASDAQ:CNTF ) operates as an original developed products provider that is focused on the original design and sale of mobile phones in the People’s Republic of China and internationally. CNTF’s market cap is $91.57 million with cash of $236.30 million and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has $4.46 cash per share. The short interest on CNTF is not much at 1 day to cover. Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming, sponsored search, and wireless businesses in China. SOHU’s market cap is $2.02 billion with cash of $808.42 million and $0 debt. Based on 38.07
China Stocks Heat Up, Let’s Take A Technical Look
China stocks have been punished by sellers but it appears some trader favorites
are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO,
CNTF, SOHU, SINA, BIDU usually have sizable short interest and are capable of
making solid runs when they heat up. RENN going from $6 – $12 back in August
is a good example, you just need to swing them at the right time. Here is what
I'm looking at from a technical perspective as we move toward the holidays.
E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer
e-commerce company in the Peoples Republic of China. DANGs market cap is $474.82
million with cash of $245.54 million and $0 debt. Based on 79.27 million shares
outstanding DANG has $3.10 cash per share. The short interest on DANG per the
last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU )
operates as an Internet television company in the Peoples Republic of China.
YOKUs market cap is $2.15 billion with cash of $600.33 million and $3.30 million
in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per
share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN
) operates a social networking Internet platform in China. RENNs market cap is
$1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million
shares outstanding RENN has $3.05 cash per share. The short interest on RENN is
2.30 days to cover. Yongye International ( NASDAQ:YONG ) engages in the
research, development, manufacture, and sale of fulvic acid based liquid and
powder nutrient compounds for plants and animals, which are used in the
agriculture industry in the Peoples Republic of China. YONGs market cap is
$217.31 million with cash of $80.38 million and $21.49 million in debt. Based on
50.45 million shares outstanding YONG has $1.59 cash per share. The short
interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. (
NASDAQ:CAST ) provides post-secondary education and e-learning services in
China. The company operates in two segments, E-learning and Training Service
Group, and Traditional University Group. CASTs market cap is $286.28 million
with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million
shares outstanding CAST has $3.51 cash per share. The short interest on CAST is
a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates
as an online video company in the Peoples Republic of China. TUDOs market cap is
$172.50 million with cash of $170.01 million and $13.19 million in debt. Based
on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short
interest on TUDO is 8.85 days to cover. China Techfaith Wireless ( NASDAQ:CNTF )
operates as an original developed products provider that is focused on the
original design and sale of mobile phones in the Peoples Republic of China and
internationally. CNTFs market cap is $91.57 million with cash of $236.30 million
and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has
$4.46 cash per share. The short interest on CNTF is not much at 1 day to cover.
Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming,
sponsored search, and wireless businesses in China. SOHUs market cap is $2.02
billion with cash of $808.42 million and $0 debt. Based on 38.07
are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO,
CNTF, SOHU, SINA, BIDU usually have sizable short interest and are capable of
making solid runs when they heat up. RENN going from $6 – $12 back in August
is a good example, you just need to swing them at the right time. Here is what
I'm looking at from a technical perspective as we move toward the holidays.
E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer
e-commerce company in the Peoples Republic of China. DANGs market cap is $474.82
million with cash of $245.54 million and $0 debt. Based on 79.27 million shares
outstanding DANG has $3.10 cash per share. The short interest on DANG per the
last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU )
operates as an Internet television company in the Peoples Republic of China.
YOKUs market cap is $2.15 billion with cash of $600.33 million and $3.30 million
in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per
share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN
) operates a social networking Internet platform in China. RENNs market cap is
$1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million
shares outstanding RENN has $3.05 cash per share. The short interest on RENN is
2.30 days to cover. Yongye International ( NASDAQ:YONG ) engages in the
research, development, manufacture, and sale of fulvic acid based liquid and
powder nutrient compounds for plants and animals, which are used in the
agriculture industry in the Peoples Republic of China. YONGs market cap is
$217.31 million with cash of $80.38 million and $21.49 million in debt. Based on
50.45 million shares outstanding YONG has $1.59 cash per share. The short
interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. (
NASDAQ:CAST ) provides post-secondary education and e-learning services in
China. The company operates in two segments, E-learning and Training Service
Group, and Traditional University Group. CASTs market cap is $286.28 million
with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million
shares outstanding CAST has $3.51 cash per share. The short interest on CAST is
a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates
as an online video company in the Peoples Republic of China. TUDOs market cap is
$172.50 million with cash of $170.01 million and $13.19 million in debt. Based
on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short
interest on TUDO is 8.85 days to cover. China Techfaith Wireless ( NASDAQ:CNTF )
operates as an original developed products provider that is focused on the
original design and sale of mobile phones in the Peoples Republic of China and
internationally. CNTFs market cap is $91.57 million with cash of $236.30 million
and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has
$4.46 cash per share. The short interest on CNTF is not much at 1 day to cover.
Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming,
sponsored search, and wireless businesses in China. SOHUs market cap is $2.02
billion with cash of $808.42 million and $0 debt. Based on 38.07
China Stocks Heat Up, Let’s Take A Technical Look
China stocks have been punished by sellers but it appears some trader favorites
are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO,
CNTF, SOHU, SINA, BIDU usually have sizable short interest and are capable of
making solid runs when they heat up. RENN going from $6 – $12 back in August
is a good example, you just need to swing them at the right time. Here is what
I'm looking at from a technical perspective as we move toward the holidays.
E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer
e-commerce company in the Peoples Republic of China. DANGs market cap is $474.82
million with cash of $245.54 million and $0 debt. Based on 79.27 million shares
outstanding DANG has $3.10 cash per share. The short interest on DANG per the
last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU )
operates as an Internet television company in the Peoples Republic of China.
YOKUs market cap is $2.15 billion with cash of $600.33 million and $3.30 million
in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per
share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN
) operates a social networking Internet platform in China. RENNs market cap is
$1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million
shares outstanding RENN has $3.05 cash per share. The short interest on RENN is
2.30 days to cover. Yongye International ( NASDAQ:YONG ) engages in the
research, development, manufacture, and sale of fulvic acid based liquid and
powder nutrient compounds for plants and animals, which are used in the
agriculture industry in the Peoples Republic of China. YONGs market cap is
$217.31 million with cash of $80.38 million and $21.49 million in debt. Based on
50.45 million shares outstanding YONG has $1.59 cash per share. The short
interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. (
NASDAQ:CAST ) provides post-secondary education and e-learning services in
China. The company operates in two segments, E-learning and Training Service
Group, and Traditional University Group. CASTs market cap is $286.28 million
with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million
shares outstanding CAST has $3.51 cash per share. The short interest on CAST is
a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates
as an online video company in the Peoples Republic of China. TUDOs market cap is
$172.50 million with cash of $170.01 million and $13.19 million in debt. Based
on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short
interest on TUDO is 8.85 days to cover. China Techfaith Wireless ( NASDAQ:CNTF )
operates as an original developed products provider that is focused on the
original design and sale of mobile phones in the Peoples Republic of China and
internationally. CNTFs market cap is $91.57 million with cash of $236.30 million
and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has
$4.46 cash per share. The short interest on CNTF is not much at 1 day to cover.
Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming,
sponsored search, and wireless businesses in China. SOHUs market cap is $2.02
billion with cash of $808.42 million and $0 debt. Based on 38.07
are heating back up. The following stocks; DANG, YOKU, RENN, YONG, CAST, TUDO,
CNTF, SOHU, SINA, BIDU usually have sizable short interest and are capable of
making solid runs when they heat up. RENN going from $6 – $12 back in August
is a good example, you just need to swing them at the right time. Here is what
I'm looking at from a technical perspective as we move toward the holidays.
E-commerce China Dangdang Inc. ( NYSE:DANG ) operates as a business-to-consumer
e-commerce company in the Peoples Republic of China. DANGs market cap is $474.82
million with cash of $245.54 million and $0 debt. Based on 79.27 million shares
outstanding DANG has $3.10 cash per share. The short interest on DANG per the
last settlement date is 2.94 days to cover. Youku.com Inc. ( NYSE:YOKU )
operates as an Internet television company in the Peoples Republic of China.
YOKUs market cap is $2.15 billion with cash of $600.33 million and $3.30 million
in debt. Based on 114.09 million shares outstanding YOKU has $5.26 cash per
share. The short interest on YOKU is 7.04 days to cover. Renren Inc. ( NYSE:RENN
) operates a social networking Internet platform in China. RENNs market cap is
$1.51 billion with cash of $1.2 billion and $0 debt. Based on $392.02 million
shares outstanding RENN has $3.05 cash per share. The short interest on RENN is
2.30 days to cover. Yongye International ( NASDAQ:YONG ) engages in the
research, development, manufacture, and sale of fulvic acid based liquid and
powder nutrient compounds for plants and animals, which are used in the
agriculture industry in the Peoples Republic of China. YONGs market cap is
$217.31 million with cash of $80.38 million and $21.49 million in debt. Based on
50.45 million shares outstanding YONG has $1.59 cash per share. The short
interest on YONG is high at 11.04 days to cover. Chinacast Education Corp. (
NASDAQ:CAST ) provides post-secondary education and e-learning services in
China. The company operates in two segments, E-learning and Training Service
Group, and Traditional University Group. CASTs market cap is $286.28 million
with cash of $172.07 million and $41.27 million in debt. Based on 49.02 million
shares outstanding CAST has $3.51 cash per share. The short interest on CAST is
a massive 14.29 days to cover. Tudou Holdings Limited ( NASDAQ:TUDO ) operates
as an online video company in the Peoples Republic of China. TUDOs market cap is
$172.50 million with cash of $170.01 million and $13.19 million in debt. Based
on 15.40 million shares outstanding TUDO has $11.04 cash per share. The short
interest on TUDO is 8.85 days to cover. China Techfaith Wireless ( NASDAQ:CNTF )
operates as an original developed products provider that is focused on the
original design and sale of mobile phones in the Peoples Republic of China and
internationally. CNTFs market cap is $91.57 million with cash of $236.30 million
and $290 thousand in debt. Based on 52.93 million shares outstanding CNTF has
$4.46 cash per share. The short interest on CNTF is not much at 1 day to cover.
Sohu.com Inc. ( NASDAQ:SOHU ) engages in the brand advertising, online gaming,
sponsored search, and wireless businesses in China. SOHUs market cap is $2.02
billion with cash of $808.42 million and $0 debt. Based on 38.07
Gold and Silver Continued to Trade up –Recap January 11
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices continued to rise even though other commodities prices declined in yesterday’s trading: crude oil prices changed direction and moderately declined, and natural gas price took a dive and precipitately decreased. Major currencies such as Euro and Canadian dollar depreciated against the U.S dollar. Here is a summary of the price developments of precious metals and energy commodities for January 11th, 2012: Precious Metals Prices: Gold price moderately inclined on Wednesday by 0.50% to $1,639.60; Silver price also moderately rose by 0.25% to reach $29.89. During January, gold price inclined by 4.6%, and silver price by 7.08%.
Gold & Silver Prices – Daily Outlook January 12
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices rose again in yesterday’s trading despite the drop in the other commodities prices such as oil prices and the depreciation of the Euro and Australian dollar against the US dollar. Today there is the ECB rate decision which might have a substantial effect on the forex markets.
What the Charts Say to Expect for the Next Few Months
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tdp2664 InvestorPlace News was light on both sides of the pond yesterday, and investors took a breather. It almost seemed like a holiday week with low volume and a lack of market leadership. The biggest news was that Europe's banks continue to ship money to the European Central Bank at a record pace, indicating that they have little incentive to put the money to work by lending to other banks. And it's no wonder the Europeans are fearful. Germany's economy contracted by 0.25% in Q4, and Spain's industrial output fell 7% in November, following a decline of 4.2% in October. And an auction of German government five-year paper was gobbled up despite a yield of under 1%. Our market closed mixed with the Dow Jones Industrial Average off 13 points at 12,449, the S&P 500 was up fractionally at 1,292, and the Nasdaq gained 8 points to close at 2,711. NYSE volume totaled 758 million shares, and the Nasdaq traded 445 million. Advancers were ahead of decliners by about 1.3-to-1 on both exchanges. Click to Enlarge In Tuesday's Daily Market Outlook , we discussed the sentiment or contrarian indicators, one of which was the CBOE Volatility Index (VIX). This is often referred to as the "fear index" because it is based on a blend of various options on the S&P 500. Options prices tend to increase when more volatility is present and fall when uncertainty is low. This fear gauge is mostly used to identify tops and bottoms of markets. Click to Enlarge I published this chart a couple of weeks ago in order to illustrate the influence of headline news on the S&P 500 in 2011. Notice the direct correlation to the big swings in the S&P 500 and the swings in the VIX. The spring of 2011 was quiet until the Bank of England announced an inflation rate of 4%, and the Greece debt rating was cut to B1 followed by the Japanese earthquakes and tsunami. But the real kicker hit when the U.S. rating was cut to AA+, and the VIX rocketed to the high of the year at 48 on Aug. 8, followed by the "out of box" error that drove the VIX up again. From Aug. 8 until the end of the year, investors were pummeled with one headline after another, and both the chart of the S&P 500 and the VIX illustrate the enormous swings. The VIX has been criticized as having little predictive value. But it is useful in determining oversold and overbought market conditions. Note the relative complacency of the S&P 500 from April to late June when the VIX traded as low as 15 just before the June rally and then the market sell-off. The high readings over 40 told us that the market was deeply oversold but that we should expect extreme volatility. And the last five months of the year turned out to be some of the most volatile on record with price swings directly tied to the latest European headlines. Now, with the VIX back in the "complacency" zone, stocks have turned positive. The VIX is telling us that the recent breakouts are genuine but that the market will probably trade in a narrow zone much like the beginning of 2011. Nothing, however, can forecast the impact of bad headline news, and when that occurs, the VIX and every other indicator lose their predictive value and become followers. Click to Enlarge After lagging the other indices, the small-cap Russell 2000 finally broke through its 200-day moving average. This confirms that the intermediate trend of the broad market has turned. But with such low volume, stocks could trade in a relatively narrow range for several months. If that happens, your best bet may be to trade options. And if you're looking for help making profitable trades, you may want to check out my colleague Joe Burns . Today’s Trading Landscape To see a list of the companies reporting earnings today, click here . For a list of this week’s economic reports due out, click here .
When to Sell Stocks: Why Sometimes, Taking a Loss is GOOD
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tdp2664 InvestorPlace No investor has a perfect record, and therefore we all are eventually faced with the prospect of selling a stock for a loss. It’s human nature to be pained by this process – but it’s important to remember that selling a stock in the red can sometimes be the best possible thing for your portfolio. When to sell a stock is never obvious. But a good sale price is just as important as a good buy price — and sometimes, the right time to sell for a particular investment will come even if the investment has lost you money. Recently a lot of questions about big moving stocks like Sears (NASDAQ: SHLD ), Barnes & Noble (NYSE: BKS ) and Bank of America (NYSE: BAC ) have been popping into my InvestorPlace inbox. BofA is rebounding, so some folks who bought at $10 are wondering if the stock can regain that mark thanks to its recent run. Other folks are stuck with a bad stock like Sears or B&N and wondering if they can hope for a change of fortune to sell at a better price. I was struck by the fact that most folks are weighing the merits of the stock based not on the news or the charts, but simply by the fact that they own it. That fact seems to trump all else. But here’s a good rule of thumb if any of these trades are on your mind: If you didn’t already own the stock… would you buy it right now at the current price? If not, sell. A practical example: Let's say you foolishly bought 1,000 shares of Sears at $60 for $60k in total. Now Sears is at $30 so you have 1,000 shares worth $30k. What if you take that cash and invest it in, say, Apple (NASDAQ: AAPL ) – which doubles in stock price over the next 12 months. You obviously have your $60k back. Which one do you think is more likely – that Sears will hit $60 a share and make you whole, or that you can recoup your lost cash faster in a different investment? More importantly, by moving your money around you can seek out opportunities that not just get you back to square faster — but actually build you profits. Time is money. And the more time you waste in a bad stock, the less time you have to make money. Even a losing investment slowly drifts higher, the only thing you have accomplished is feeling better about yourself. Want to feel better about your portfolio? Move your money into a winner instead of limping across the finish line on your current nag. Got a question for the InvestorPlace staff? Please send an email to editor@investorplace.com. Jeff Reeves is the editor of InvestorPlace.com. Write him at editor@investorplace.com , follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook . Jeff Reeves holds a position in Alcoa, but no other publicly traded stocks.
Don’t Wait Any Longer to Buy IBM
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace IBM (NYSE: IBM ) — "Big Blue" is the bluest of the blue-chip technology giants. Its global capabilities in information technology, software, computer hardware and related financing make it a household name. It is a company that is in full maturity, so future growth is expected to result from strong trends in emerging markets and improved profitability in its more developed markets. Earnings for 2011 are estimated to increase to $13.40 from $11.52 in 2010, and early this year, analysts targeted the stock at $200 to $205 within 12 months.
Top 10 Most Profitable Large Cap Stocks: SLW, BVN, SDRL, PSA, BIDU, GLW, CHKP, WBK, V, ALTR (Jan 11, 2012)
Below are the top 10 most profitable Large Cap stocks for the last 12 months.
One Chinese company (BIDU) is on the list. Silver Wheaton Corp. (USA) (NYSE:SLW)
is the 1st most profitable stock in this segment of the market. Its net profit
margin was 68.22% for the last 12 months. Its operating profit margin was 75.80%
for the same period. Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) is the
2nd most profitable stock in this segment of the market. Its net profit margin
was 63.38% for the last 12 months. Its operating profit margin was 48.56% for
the same period. SeaDrill Limited (NYSE:SDRL) is the 3rd most profitable stock
in this segment of the market. Its net profit margin was 48.00% for the last 12
months. Its operating profit margin was 37.28% for the same period. Public
Storage (NYSE:PSA) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 46.60% for the last 12 months. Its operating
profit margin was 43.28% for the same period. Baidu.com, Inc. (ADR)
(NASDAQ:BIDU) is the 5th most profitable stock in this segment of the market.
Its net profit margin was 46.00% for the last 12 months. Its operating profit
margin was 52.53% for the same period. Corning Incorporated (NYSE:GLW) is the
6th most profitable stock in this segment of the market. Its net profit margin
was 43.20% for the last 12 months. Its operating profit margin was 27.28% for
the same period. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is the 7th
most profitable stock in this segment of the market. Its net profit margin was
43.15% for the last 12 months. Its operating profit margin was 50.59% for the
same period. Westpac Banking Corporation (ADR) (NYSE:WBK) is the 8th most
profitable stock in this segment of the market. Its net profit margin was 41.74%
for the last 12 months. Its operating profit margin was 50.34% for the same
period. Visa Inc. (NYSE:V) is the 9th most profitable stock in this segment of
the market. Its net profit margin was 39.68% for the last 12 months. Its
operating profit margin was 59.38% for the same period. Altera Corporation
(NASDAQ:ALTR) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 39.58% for the last 12 months. Its operating profit
margin was 44.05% for the same period.
One Chinese company (BIDU) is on the list. Silver Wheaton Corp. (USA) (NYSE:SLW)
is the 1st most profitable stock in this segment of the market. Its net profit
margin was 68.22% for the last 12 months. Its operating profit margin was 75.80%
for the same period. Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) is the
2nd most profitable stock in this segment of the market. Its net profit margin
was 63.38% for the last 12 months. Its operating profit margin was 48.56% for
the same period. SeaDrill Limited (NYSE:SDRL) is the 3rd most profitable stock
in this segment of the market. Its net profit margin was 48.00% for the last 12
months. Its operating profit margin was 37.28% for the same period. Public
Storage (NYSE:PSA) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 46.60% for the last 12 months. Its operating
profit margin was 43.28% for the same period. Baidu.com, Inc. (ADR)
(NASDAQ:BIDU) is the 5th most profitable stock in this segment of the market.
Its net profit margin was 46.00% for the last 12 months. Its operating profit
margin was 52.53% for the same period. Corning Incorporated (NYSE:GLW) is the
6th most profitable stock in this segment of the market. Its net profit margin
was 43.20% for the last 12 months. Its operating profit margin was 27.28% for
the same period. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is the 7th
most profitable stock in this segment of the market. Its net profit margin was
43.15% for the last 12 months. Its operating profit margin was 50.59% for the
same period. Westpac Banking Corporation (ADR) (NYSE:WBK) is the 8th most
profitable stock in this segment of the market. Its net profit margin was 41.74%
for the last 12 months. Its operating profit margin was 50.34% for the same
period. Visa Inc. (NYSE:V) is the 9th most profitable stock in this segment of
the market. Its net profit margin was 39.68% for the last 12 months. Its
operating profit margin was 59.38% for the same period. Altera Corporation
(NASDAQ:ALTR) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 39.58% for the last 12 months. Its operating profit
margin was 44.05% for the same period.
Gold & Silver Prices – Daily Outlook January 12
Gold and silver prices rose again in yesterdays trading despite the drop in the
other commodities prices such as oil prices and the depreciation of the Euro and
Australian dollar against the US dollar. Today there is the ECB rate decision
which might have a substantial effect on the forex markets.
other commodities prices such as oil prices and the depreciation of the Euro and
Australian dollar against the US dollar. Today there is the ECB rate decision
which might have a substantial effect on the forex markets.
The Journal’s Tax Story Comes Up Short
The Wall Street Journal recently missed a big point about the tax burdens
facing millions of small businesses. Its article " More Firms Enjoy Tax-Free
Status" argues that increasing numbers of businesses are organized so "they
dont pay a penny in federal corporate income tax." That's true, but as the
American Family Business Institute notes, those business owners pay taxes on
their business through their personal income taxes. "Unfortunately, an
implication of characterizations like this is that it implicitly calls for
hiking individual income taxes, which ensnares more and more family
businesses," AFBI spokesman Charles Chamberlayne said in a statement to
InvestorPlace . "For business owners filing via personal income taxes, their
family business likely accounts for the majority of what is considered personal
income and is subject to a higher marginal tax rate." The three main types of
flow-through businesses are sole proprietorships, partnerships and S
corporations. Business groups such as the AFBI are fighting President Barack
Obama's plan to allow the Bush-era tax cuts to expire and allow for the top
marginal rates to revert to their pre-2001 levels of 39% and 39.6%,
respectively. This would affect many small-business owners, many of whom dont
make big money. According to data from Tax Policy Center , the average positive
business income for all taxpayers is $39,950. Their profits are likely far more
modest since much of their wealth is tied up in their companies. "… For most
taxpayers, positive business income is a relatively small share of their overall
income," Howard Gleckman of the Tax Policy Center wrote in an email. "Only
at the top, where it is greater than half of all income for one-third of
households, is it a big deal. For many others, it probably represents income
from a part-time or sideline business (think money you might make freelancing or
a plumber who works for a rental agency during the day but takes on extra jobs
at night)." The Journal , which stands by its story, correctly notes that
businesses, sensing the tax advantages, are increasingly organizing themselves
under structures that enable them to avoid paying corporate income tax. "By
some estimates, more than 60% of U.S. businesses with profits of $1 million are
structured as pass-throughs, the highest rate among developed countries," the
newspaper says. "Their popularity is one big reason why federal corporate tax
collections amounted to just 1.3% of GDP in 2010, well below their mark of 2.7%
in 2006 and far beneath their peak of 6.1% in 1952." The implications for the
budget deficit which stands at more than $1 trillion are staggering. But a
solution also is elusive. Raising taxes on the rich won't necessarily depress
job growth since wealthy individuals are adept at minimizing the reach of Uncle
Sam. There's no guarantee they would create jobs with their tax savings,
either. Business groups and the Republican presidential candidates have argued
that the solution to this problem is to roll back the 35% statutory tax rate for
corporations . Unfortunately, the answer isn't so simple. Most corporations
don't pay this rate because they take advantage of tax benefits, known to the
public as loopholes. Moreover, low rates do not equate to prosperity, such as
the case in Ireland. Ireland's corporate tax rate is 12.5%, among the lowest
in the world. The impact of the rate on the Irish economy was huge, earning it
the nickname the "Celtic Tiger" as scads of Fortune 500 companies including
Microsoft (NASDAQ: MSFT ), IBM (NYSE: IBM ) and Allergan (NYSE: AGN ) set up
operations on the Emerald Isle. But the country's fortunes have changed in the
past few years. In 2010, Ireland needed a $113 billion bailout in 2010.
Recently, Ireland had the second-worst-performing eurozone economy behind Greece
in the third quarter, and it slashed its GDP forecast twice in December. Now
there is speculation that the country will need a second bailout . People have
an almost primal instinct for figuring out how to pay the least amount of money
to the government. That explains why so many businesses are forming flow-through
businesses and why for now the IRS can do little about it. As of this writing,
Jonathan Berr did not hold a position in any of the aforementioned stocks.
facing millions of small businesses. Its article " More Firms Enjoy Tax-Free
Status" argues that increasing numbers of businesses are organized so "they
dont pay a penny in federal corporate income tax." That's true, but as the
American Family Business Institute notes, those business owners pay taxes on
their business through their personal income taxes. "Unfortunately, an
implication of characterizations like this is that it implicitly calls for
hiking individual income taxes, which ensnares more and more family
businesses," AFBI spokesman Charles Chamberlayne said in a statement to
InvestorPlace . "For business owners filing via personal income taxes, their
family business likely accounts for the majority of what is considered personal
income and is subject to a higher marginal tax rate." The three main types of
flow-through businesses are sole proprietorships, partnerships and S
corporations. Business groups such as the AFBI are fighting President Barack
Obama's plan to allow the Bush-era tax cuts to expire and allow for the top
marginal rates to revert to their pre-2001 levels of 39% and 39.6%,
respectively. This would affect many small-business owners, many of whom dont
make big money. According to data from Tax Policy Center , the average positive
business income for all taxpayers is $39,950. Their profits are likely far more
modest since much of their wealth is tied up in their companies. "… For most
taxpayers, positive business income is a relatively small share of their overall
income," Howard Gleckman of the Tax Policy Center wrote in an email. "Only
at the top, where it is greater than half of all income for one-third of
households, is it a big deal. For many others, it probably represents income
from a part-time or sideline business (think money you might make freelancing or
a plumber who works for a rental agency during the day but takes on extra jobs
at night)." The Journal , which stands by its story, correctly notes that
businesses, sensing the tax advantages, are increasingly organizing themselves
under structures that enable them to avoid paying corporate income tax. "By
some estimates, more than 60% of U.S. businesses with profits of $1 million are
structured as pass-throughs, the highest rate among developed countries," the
newspaper says. "Their popularity is one big reason why federal corporate tax
collections amounted to just 1.3% of GDP in 2010, well below their mark of 2.7%
in 2006 and far beneath their peak of 6.1% in 1952." The implications for the
budget deficit which stands at more than $1 trillion are staggering. But a
solution also is elusive. Raising taxes on the rich won't necessarily depress
job growth since wealthy individuals are adept at minimizing the reach of Uncle
Sam. There's no guarantee they would create jobs with their tax savings,
either. Business groups and the Republican presidential candidates have argued
that the solution to this problem is to roll back the 35% statutory tax rate for
corporations . Unfortunately, the answer isn't so simple. Most corporations
don't pay this rate because they take advantage of tax benefits, known to the
public as loopholes. Moreover, low rates do not equate to prosperity, such as
the case in Ireland. Ireland's corporate tax rate is 12.5%, among the lowest
in the world. The impact of the rate on the Irish economy was huge, earning it
the nickname the "Celtic Tiger" as scads of Fortune 500 companies including
Microsoft (NASDAQ: MSFT ), IBM (NYSE: IBM ) and Allergan (NYSE: AGN ) set up
operations on the Emerald Isle. But the country's fortunes have changed in the
past few years. In 2010, Ireland needed a $113 billion bailout in 2010.
Recently, Ireland had the second-worst-performing eurozone economy behind Greece
in the third quarter, and it slashed its GDP forecast twice in December. Now
there is speculation that the country will need a second bailout . People have
an almost primal instinct for figuring out how to pay the least amount of money
to the government. That explains why so many businesses are forming flow-through
businesses and why for now the IRS can do little about it. As of this writing,
Jonathan Berr did not hold a position in any of the aforementioned stocks.
The Journal’s Tax Story Comes Up Short
The Wall Street Journal recently missed a big point about the tax burdens
facing millions of small businesses. Its article " More Firms Enjoy Tax-Free
Status" argues that increasing numbers of businesses are organized so "they
dont pay a penny in federal corporate income tax." That's true, but as the
American Family Business Institute notes, those business owners pay taxes on
their business through their personal income taxes. "Unfortunately, an
implication of characterizations like this is that it implicitly calls for
hiking individual income taxes, which ensnares more and more family
businesses," AFBI spokesman Charles Chamberlayne said in a statement to
InvestorPlace . "For business owners filing via personal income taxes, their
family business likely accounts for the majority of what is considered personal
income and is subject to a higher marginal tax rate." The three main types of
flow-through businesses are sole proprietorships, partnerships and S
corporations. Business groups such as the AFBI are fighting President Barack
Obama's plan to allow the Bush-era tax cuts to expire and allow for the top
marginal rates to revert to their pre-2001 levels of 39% and 39.6%,
respectively. This would affect many small-business owners, many of whom dont
make big money. According to data from Tax Policy Center , the average positive
business income for all taxpayers is $39,950. Their profits are likely far more
modest since much of their wealth is tied up in their companies. "… For most
taxpayers, positive business income is a relatively small share of their overall
income," Howard Gleckman of the Tax Policy Center wrote in an email. "Only
at the top, where it is greater than half of all income for one-third of
households, is it a big deal. For many others, it probably represents income
from a part-time or sideline business (think money you might make freelancing or
a plumber who works for a rental agency during the day but takes on extra jobs
at night)." The Journal , which stands by its story, correctly notes that
businesses, sensing the tax advantages, are increasingly organizing themselves
under structures that enable them to avoid paying corporate income tax. "By
some estimates, more than 60% of U.S. businesses with profits of $1 million are
structured as pass-throughs, the highest rate among developed countries," the
newspaper says. "Their popularity is one big reason why federal corporate tax
collections amounted to just 1.3% of GDP in 2010, well below their mark of 2.7%
in 2006 and far beneath their peak of 6.1% in 1952." The implications for the
budget deficit which stands at more than $1 trillion are staggering. But a
solution also is elusive. Raising taxes on the rich won't necessarily depress
job growth since wealthy individuals are adept at minimizing the reach of Uncle
Sam. There's no guarantee they would create jobs with their tax savings,
either. Business groups and the Republican presidential candidates have argued
that the solution to this problem is to roll back the 35% statutory tax rate for
corporations . Unfortunately, the answer isn't so simple. Most corporations
don't pay this rate because they take advantage of tax benefits, known to the
public as loopholes. Moreover, low rates do not equate to prosperity, such as
the case in Ireland. Ireland's corporate tax rate is 12.5%, among the lowest
in the world. The impact of the rate on the Irish economy was huge, earning it
the nickname the "Celtic Tiger" as scads of Fortune 500 companies including
Microsoft (NASDAQ: MSFT ), IBM (NYSE: IBM ) and Allergan (NYSE: AGN ) set up
operations on the Emerald Isle. But the country's fortunes have changed in the
past few years. In 2010, Ireland needed a $113 billion bailout in 2010.
Recently, Ireland had the second-worst-performing eurozone economy behind Greece
in the third quarter, and it slashed its GDP forecast twice in December. Now
there is speculation that the country will need a second bailout . People have
an almost primal instinct for figuring out how to pay the least amount of money
to the government. That explains why so many businesses are forming flow-through
businesses and why for now the IRS can do little about it. As of this writing,
Jonathan Berr did not hold a position in any of the aforementioned stocks.
facing millions of small businesses. Its article " More Firms Enjoy Tax-Free
Status" argues that increasing numbers of businesses are organized so "they
dont pay a penny in federal corporate income tax." That's true, but as the
American Family Business Institute notes, those business owners pay taxes on
their business through their personal income taxes. "Unfortunately, an
implication of characterizations like this is that it implicitly calls for
hiking individual income taxes, which ensnares more and more family
businesses," AFBI spokesman Charles Chamberlayne said in a statement to
InvestorPlace . "For business owners filing via personal income taxes, their
family business likely accounts for the majority of what is considered personal
income and is subject to a higher marginal tax rate." The three main types of
flow-through businesses are sole proprietorships, partnerships and S
corporations. Business groups such as the AFBI are fighting President Barack
Obama's plan to allow the Bush-era tax cuts to expire and allow for the top
marginal rates to revert to their pre-2001 levels of 39% and 39.6%,
respectively. This would affect many small-business owners, many of whom dont
make big money. According to data from Tax Policy Center , the average positive
business income for all taxpayers is $39,950. Their profits are likely far more
modest since much of their wealth is tied up in their companies. "… For most
taxpayers, positive business income is a relatively small share of their overall
income," Howard Gleckman of the Tax Policy Center wrote in an email. "Only
at the top, where it is greater than half of all income for one-third of
households, is it a big deal. For many others, it probably represents income
from a part-time or sideline business (think money you might make freelancing or
a plumber who works for a rental agency during the day but takes on extra jobs
at night)." The Journal , which stands by its story, correctly notes that
businesses, sensing the tax advantages, are increasingly organizing themselves
under structures that enable them to avoid paying corporate income tax. "By
some estimates, more than 60% of U.S. businesses with profits of $1 million are
structured as pass-throughs, the highest rate among developed countries," the
newspaper says. "Their popularity is one big reason why federal corporate tax
collections amounted to just 1.3% of GDP in 2010, well below their mark of 2.7%
in 2006 and far beneath their peak of 6.1% in 1952." The implications for the
budget deficit which stands at more than $1 trillion are staggering. But a
solution also is elusive. Raising taxes on the rich won't necessarily depress
job growth since wealthy individuals are adept at minimizing the reach of Uncle
Sam. There's no guarantee they would create jobs with their tax savings,
either. Business groups and the Republican presidential candidates have argued
that the solution to this problem is to roll back the 35% statutory tax rate for
corporations . Unfortunately, the answer isn't so simple. Most corporations
don't pay this rate because they take advantage of tax benefits, known to the
public as loopholes. Moreover, low rates do not equate to prosperity, such as
the case in Ireland. Ireland's corporate tax rate is 12.5%, among the lowest
in the world. The impact of the rate on the Irish economy was huge, earning it
the nickname the "Celtic Tiger" as scads of Fortune 500 companies including
Microsoft (NASDAQ: MSFT ), IBM (NYSE: IBM ) and Allergan (NYSE: AGN ) set up
operations on the Emerald Isle. But the country's fortunes have changed in the
past few years. In 2010, Ireland needed a $113 billion bailout in 2010.
Recently, Ireland had the second-worst-performing eurozone economy behind Greece
in the third quarter, and it slashed its GDP forecast twice in December. Now
there is speculation that the country will need a second bailout . People have
an almost primal instinct for figuring out how to pay the least amount of money
to the government. That explains why so many businesses are forming flow-through
businesses and why for now the IRS can do little about it. As of this writing,
Jonathan Berr did not hold a position in any of the aforementioned stocks.
Gold & Silver Prices – Daily Outlook January 12
Gold and silver prices rose again in yesterdays trading despite the drop in the
other commodities prices such as oil prices and the depreciation of the Euro and
Australian dollar against the US dollar. Today there is the ECB rate decision
which might have a substantial effect on the forex markets.
other commodities prices such as oil prices and the depreciation of the Euro and
Australian dollar against the US dollar. Today there is the ECB rate decision
which might have a substantial effect on the forex markets.
Top 10 Most Profitable Telecom Services Stocks: USMO, JCOM, BSFT, CHL, NSR, CHT, TCL, TLK, CTEL, TNAV (Jan 11, 2012)
Below are the top 10 most profitable Telecom Services stocks for the last 12
months. Two Chinese companies (CHL, CTEL) are on the list. USA Mobility, Inc.
(NASDAQ:USMO) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 46.20% for the last 12 months. Its operating profit
margin was 24.44% for the same period. J2 Global Inc (NASDAQ:JCOM) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
35.37% for the last 12 months. Its operating profit margin was 39.16% for the
same period. BroadSoft Inc (NASDAQ:BSFT) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 28.52% for the last 12
months. Its operating profit margin was 23.22% for the same period. China Mobile
Ltd. (ADR) (NYSE:CHL) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 24.45% for the last 12 months. Its operating
profit margin was 30.14% for the same period. Neustar, Inc (NYSE:NSR) is the 5th
most profitable stock in this segment of the market. Its net profit margin was
23.36% for the last 12 months. Its operating profit margin was 38.03% for the
same period. Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) is the 6th most
profitable stock in this segment of the market. Its net profit margin was 22.68%
for the last 12 months. Its operating profit margin was 26.20% for the same
period. Tata Communications Limited (ADR) (NYSE:TCL) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 22.18% for the
last 12 months. Its operating profit margin was 18.25% for the same period. PT
Telekomunikasi Indonesia (ADR) (NYSE:TLK) is the 8th most profitable stock in
this segment of the market. Its net profit margin was 22.17% for the last 12
months. Its operating profit margin was 31.08% for the same period. City Telecom
(H.K.) Limited (ADR) (NASDAQ:CTEL) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 18.67% for the last 12 months.
Its operating profit margin was 22.12% for the same period. TeleNav, Inc.
(NASDAQ:TNAV) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 18.10% for the last 12 months. Its operating profit
margin was 28.32% for the same period.
months. Two Chinese companies (CHL, CTEL) are on the list. USA Mobility, Inc.
(NASDAQ:USMO) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 46.20% for the last 12 months. Its operating profit
margin was 24.44% for the same period. J2 Global Inc (NASDAQ:JCOM) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
35.37% for the last 12 months. Its operating profit margin was 39.16% for the
same period. BroadSoft Inc (NASDAQ:BSFT) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 28.52% for the last 12
months. Its operating profit margin was 23.22% for the same period. China Mobile
Ltd. (ADR) (NYSE:CHL) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 24.45% for the last 12 months. Its operating
profit margin was 30.14% for the same period. Neustar, Inc (NYSE:NSR) is the 5th
most profitable stock in this segment of the market. Its net profit margin was
23.36% for the last 12 months. Its operating profit margin was 38.03% for the
same period. Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) is the 6th most
profitable stock in this segment of the market. Its net profit margin was 22.68%
for the last 12 months. Its operating profit margin was 26.20% for the same
period. Tata Communications Limited (ADR) (NYSE:TCL) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 22.18% for the
last 12 months. Its operating profit margin was 18.25% for the same period. PT
Telekomunikasi Indonesia (ADR) (NYSE:TLK) is the 8th most profitable stock in
this segment of the market. Its net profit margin was 22.17% for the last 12
months. Its operating profit margin was 31.08% for the same period. City Telecom
(H.K.) Limited (ADR) (NASDAQ:CTEL) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 18.67% for the last 12 months.
Its operating profit margin was 22.12% for the same period. TeleNav, Inc.
(NASDAQ:TNAV) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 18.10% for the last 12 months. Its operating profit
margin was 28.32% for the same period.
Top 10 Most Profitable Telecom Services Stocks: USMO, JCOM, BSFT, CHL, NSR, CHT, TCL, TLK, CTEL, TNAV (Jan 11, 2012)
Below are the top 10 most profitable Telecom Services stocks for the last 12
months. Two Chinese companies (CHL, CTEL) are on the list. USA Mobility, Inc.
(NASDAQ:USMO) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 46.20% for the last 12 months. Its operating profit
margin was 24.44% for the same period. J2 Global Inc (NASDAQ:JCOM) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
35.37% for the last 12 months. Its operating profit margin was 39.16% for the
same period. BroadSoft Inc (NASDAQ:BSFT) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 28.52% for the last 12
months. Its operating profit margin was 23.22% for the same period. China Mobile
Ltd. (ADR) (NYSE:CHL) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 24.45% for the last 12 months. Its operating
profit margin was 30.14% for the same period. Neustar, Inc (NYSE:NSR) is the 5th
most profitable stock in this segment of the market. Its net profit margin was
23.36% for the last 12 months. Its operating profit margin was 38.03% for the
same period. Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) is the 6th most
profitable stock in this segment of the market. Its net profit margin was 22.68%
for the last 12 months. Its operating profit margin was 26.20% for the same
period. Tata Communications Limited (ADR) (NYSE:TCL) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 22.18% for the
last 12 months. Its operating profit margin was 18.25% for the same period. PT
Telekomunikasi Indonesia (ADR) (NYSE:TLK) is the 8th most profitable stock in
this segment of the market. Its net profit margin was 22.17% for the last 12
months. Its operating profit margin was 31.08% for the same period. City Telecom
(H.K.) Limited (ADR) (NASDAQ:CTEL) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 18.67% for the last 12 months.
Its operating profit margin was 22.12% for the same period. TeleNav, Inc.
(NASDAQ:TNAV) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 18.10% for the last 12 months. Its operating profit
margin was 28.32% for the same period.
months. Two Chinese companies (CHL, CTEL) are on the list. USA Mobility, Inc.
(NASDAQ:USMO) is the 1st most profitable stock in this segment of the market.
Its net profit margin was 46.20% for the last 12 months. Its operating profit
margin was 24.44% for the same period. J2 Global Inc (NASDAQ:JCOM) is the 2nd
most profitable stock in this segment of the market. Its net profit margin was
35.37% for the last 12 months. Its operating profit margin was 39.16% for the
same period. BroadSoft Inc (NASDAQ:BSFT) is the 3rd most profitable stock in
this segment of the market. Its net profit margin was 28.52% for the last 12
months. Its operating profit margin was 23.22% for the same period. China Mobile
Ltd. (ADR) (NYSE:CHL) is the 4th most profitable stock in this segment of the
market. Its net profit margin was 24.45% for the last 12 months. Its operating
profit margin was 30.14% for the same period. Neustar, Inc (NYSE:NSR) is the 5th
most profitable stock in this segment of the market. Its net profit margin was
23.36% for the last 12 months. Its operating profit margin was 38.03% for the
same period. Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) is the 6th most
profitable stock in this segment of the market. Its net profit margin was 22.68%
for the last 12 months. Its operating profit margin was 26.20% for the same
period. Tata Communications Limited (ADR) (NYSE:TCL) is the 7th most profitable
stock in this segment of the market. Its net profit margin was 22.18% for the
last 12 months. Its operating profit margin was 18.25% for the same period. PT
Telekomunikasi Indonesia (ADR) (NYSE:TLK) is the 8th most profitable stock in
this segment of the market. Its net profit margin was 22.17% for the last 12
months. Its operating profit margin was 31.08% for the same period. City Telecom
(H.K.) Limited (ADR) (NASDAQ:CTEL) is the 9th most profitable stock in this
segment of the market. Its net profit margin was 18.67% for the last 12 months.
Its operating profit margin was 22.12% for the same period. TeleNav, Inc.
(NASDAQ:TNAV) is the 10th most profitable stock in this segment of the market.
Its net profit margin was 18.10% for the last 12 months. Its operating profit
margin was 28.32% for the same period.
Gold and Silver Continued to Trade up –Recap January 11
Gold and silver prices continued to rise even though other commodities prices
declined in yesterdays trading: crude oil prices changed direction and
moderately declined, and natural gas price took a dive and precipitately
decreased. Major currencies such as Euro and Canadian dollar depreciated against
the U.S dollar. Here is a summary of the price developments of precious metals
and energy commodities for January 11th, 2012: Precious Metals Prices: Gold
price moderately inclined on Wednesday by 0.50% to $1,639.60; Silver price also
moderately rose by 0.25% to reach $29.89. During January, gold price inclined by
4.6%, and silver price by 7.08%.
declined in yesterdays trading: crude oil prices changed direction and
moderately declined, and natural gas price took a dive and precipitately
decreased. Major currencies such as Euro and Canadian dollar depreciated against
the U.S dollar. Here is a summary of the price developments of precious metals
and energy commodities for January 11th, 2012: Precious Metals Prices: Gold
price moderately inclined on Wednesday by 0.50% to $1,639.60; Silver price also
moderately rose by 0.25% to reach $29.89. During January, gold price inclined by
4.6%, and silver price by 7.08%.
Gold is Nicaragua’s No.3 Export #nicaragua, #goldmining
Raising gold prices has pushed the commodity to the third most important export
in Nicaragua, behind coffee and meat. It has also grew the economy by 4 percent,
the highest in Central America. Indeed, when one can make $1600 from one ounce
of gold, which cost $500 to produce, it is no wonder why gold mining is booming
across Latin America. La Libertad, the largest gold mine in the country is
operated by Candian company B2Gold, which has spent $100 million to modernise
the operation in 2009. The mine has doubled Nicaraguas gold production in the
past three years and created jobs in the community which has been living in
poverty. Due to its inadvertent damage to the environment and disruption to
local communities, gold mining has been controversial in many parts of the
world, including Latin America. In Nicaragua, however, these issues take the
backseat with imminent concerns over poverty and unemployment. B2Gold has been
developing the community through sponsoring education, community and health
programmes. Some of its efforts include paving the roads, building houses for
miners and even to refurbish the towns basketball court with new roof and
lights. "The idea is to give recreational opportunities to some of the youth,
the kids here in La Libertad so that they have something to do in the
evenings," said Tom Lee, head of corporate social responsibility in Nicaragua
for B2Gold Soaring gold prices equates golden opportunities in Latin America.
How do you ride on this wave of interest in Latin America? Asia Mining Congress
has a dedicated Americas Day to address all that you want to know about Latin
America. Download the programme brochure here. Network and connect with our
industry experts and investors through Mining Nuggets on Facebook.
in Nicaragua, behind coffee and meat. It has also grew the economy by 4 percent,
the highest in Central America. Indeed, when one can make $1600 from one ounce
of gold, which cost $500 to produce, it is no wonder why gold mining is booming
across Latin America. La Libertad, the largest gold mine in the country is
operated by Candian company B2Gold, which has spent $100 million to modernise
the operation in 2009. The mine has doubled Nicaraguas gold production in the
past three years and created jobs in the community which has been living in
poverty. Due to its inadvertent damage to the environment and disruption to
local communities, gold mining has been controversial in many parts of the
world, including Latin America. In Nicaragua, however, these issues take the
backseat with imminent concerns over poverty and unemployment. B2Gold has been
developing the community through sponsoring education, community and health
programmes. Some of its efforts include paving the roads, building houses for
miners and even to refurbish the towns basketball court with new roof and
lights. "The idea is to give recreational opportunities to some of the youth,
the kids here in La Libertad so that they have something to do in the
evenings," said Tom Lee, head of corporate social responsibility in Nicaragua
for B2Gold Soaring gold prices equates golden opportunities in Latin America.
How do you ride on this wave of interest in Latin America? Asia Mining Congress
has a dedicated Americas Day to address all that you want to know about Latin
America. Download the programme brochure here. Network and connect with our
industry experts and investors through Mining Nuggets on Facebook.
When to Sell Stocks: Why Sometimes, Taking a Loss is GOOD
No investor has a perfect record, and therefore we all are eventually faced
with the prospect of selling a stock for a loss. Its human nature to be pained
by this process but its important to remember that selling a stock in the red
can sometimes be the best possible thing for your portfolio. When to sell a
stock is never obvious. But a good sale price is just as important as a good buy
price and sometimes, the right time to sell for a particular investment will
come even if the investment has lost you money. Recently a lot of questions
about big moving stocks like Sears (NASDAQ: SHLD ), Barnes & Noble (NYSE: BKS )
and Bank of America (NYSE: BAC ) have been popping into my InvestorPlace inbox.
BofA is rebounding, so some folks who bought at $10 are wondering if the stock
can regain that mark thanks to its recent run. Other folks are stuck with a bad
stock like Sears or B&N and wondering if they can hope for a change of fortune
to sell at a better price. I was struck by the fact that most folks are weighing
the merits of the stock based not on the news or the charts, but simply by the
fact that they own it. That fact seems to trump all else. But heres a good rule
of thumb if any of these trades are on your mind: If you didnt already own the
stock would you buy it right now at the current price? If not, sell. A practical
example: Let's say you foolishly bought 1,000 shares of Sears at $60 for $60k
in total. Now Sears is at $30 so you have 1,000 shares worth $30k. What if you
take that cash and invest it in, say, Apple (NASDAQ: AAPL ) – which doubles in
stock price over the next 12 months. You obviously have your $60k back. Which
one do you think is more likely – that Sears will hit $60 a share and make you
whole, or that you can recoup your lost cash faster in a different investment?
More importantly, by moving your money around you can seek out opportunities
that not just get you back to square faster but actually build you profits.
Time is money. And the more time you waste in a bad stock, the less time you
have to make money. Even a losing investment slowly drifts higher, the only
thing you have accomplished is feeling better about yourself. Want to feel
better about your portfolio? Move your money into a winner instead of limping
across the finish line on your current nag. Got a question for the InvestorPlace
staff? Please send an email to editor@investorplace.com. Jeff Reeves is the
editor of InvestorPlace.com. Write him at editor@investorplace.com , follow him
on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .
Jeff Reeves holds a position in Alcoa, but no other publicly traded stocks.
with the prospect of selling a stock for a loss. Its human nature to be pained
by this process but its important to remember that selling a stock in the red
can sometimes be the best possible thing for your portfolio. When to sell a
stock is never obvious. But a good sale price is just as important as a good buy
price and sometimes, the right time to sell for a particular investment will
come even if the investment has lost you money. Recently a lot of questions
about big moving stocks like Sears (NASDAQ: SHLD ), Barnes & Noble (NYSE: BKS )
and Bank of America (NYSE: BAC ) have been popping into my InvestorPlace inbox.
BofA is rebounding, so some folks who bought at $10 are wondering if the stock
can regain that mark thanks to its recent run. Other folks are stuck with a bad
stock like Sears or B&N and wondering if they can hope for a change of fortune
to sell at a better price. I was struck by the fact that most folks are weighing
the merits of the stock based not on the news or the charts, but simply by the
fact that they own it. That fact seems to trump all else. But heres a good rule
of thumb if any of these trades are on your mind: If you didnt already own the
stock would you buy it right now at the current price? If not, sell. A practical
example: Let's say you foolishly bought 1,000 shares of Sears at $60 for $60k
in total. Now Sears is at $30 so you have 1,000 shares worth $30k. What if you
take that cash and invest it in, say, Apple (NASDAQ: AAPL ) – which doubles in
stock price over the next 12 months. You obviously have your $60k back. Which
one do you think is more likely – that Sears will hit $60 a share and make you
whole, or that you can recoup your lost cash faster in a different investment?
More importantly, by moving your money around you can seek out opportunities
that not just get you back to square faster but actually build you profits.
Time is money. And the more time you waste in a bad stock, the less time you
have to make money. Even a losing investment slowly drifts higher, the only
thing you have accomplished is feeling better about yourself. Want to feel
better about your portfolio? Move your money into a winner instead of limping
across the finish line on your current nag. Got a question for the InvestorPlace
staff? Please send an email to editor@investorplace.com. Jeff Reeves is the
editor of InvestorPlace.com. Write him at editor@investorplace.com , follow him
on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .
Jeff Reeves holds a position in Alcoa, but no other publicly traded stocks.
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