gol2664
U.S. Stocks Mixed In Afternoon Trading Investor’s Business Daily – 3 hours ago By VINCENT MAO, INVESTOR'S BUSINESS DAILY Posted 01:19 PM ET The Nasdaq and NYSE composite each eked out fractional gains. The Dow fell 0.3% and S&P 500 slipped 0.1%. All four had been down …
General Growth Properties, Inc (NYSE:GGP) plummeted 16.27% to $14.56 on an unusual volume of 5.64 million shares after emerged from bankruptcy protection Tuesday, more than a year after the nation's second-largest owner of shopping malls filed for Chapter 11. Chicago-based General Growth operates Mall St. Matthews and Oxmoor Center in Louisville, and River Falls in Clarksville, Ind. The company expects to pay dividends next quarter and will use cash to satisfy $570 million worth of debt. Cerus Corporation (NASDAQ:CERS) fell 19.31% to $2.54 over a volume of 3.20 million shares. The company announced the pricing of an underwritten public offering of 7,368,422 units, with each unit consisting of one share of its common stock and a warrant to purchase 0.5 of a share of its common stock, at a price to the public of $2.85 per unit. The aggregate public offering price of this offering is approximately $21.0 million, and the net proceeds to the Company, after deducting underwriting discounts and commissions, but before legal and other estimated offering expenses, are expected to be approximately $19.7 million. China Agritech Inc. (NASDAQ:CAGC) also plunged 19.74% to $12.40 on an unusual volume of 3.03 million shares. Today it announced its unaudited financial results for the third quarter and nine months ended September 30, 2010. Net revenue for the third quarter of 2010 was $23.9 million compared with $27.0 million in the same quarter last year. Total revenue for the first nine months of 2010 increased 41% year-over-year to $78.1 million from $55.4 million for the first nine months last year. YRC Worldwide Inc. (NASDAQ:YRCW) went down 5.04% to $3.58 on a volume of 2.40 million shares. Over the past 52-weeks, the stock traded within the range of $2.53-$32.50. So far in this year the stock has went down 82.90%.
tdp2664
Newsworthy Stocks
Here is another batch of stock briefings which may affect trading on world markets later today. The following companies should see some movement: Ingram Micro (NYSE:IM), Chevron Corp. (NYSE:CVX), Caterpillar Inc. (NYSE:CAT). Here is a more detailed look at the news that will affect each company when trading continues. Ingram Micro (NYSE:IM) Ingram Micro (NYSE:IM) has offered Cloud Enablement Services to their channel partners. Ingram Micro (NYSE:IM) said that they will deliver cloud services to the channel partners with new resources in training, sales and education which will provide both business and technical advantages. Renee Bergeron, the vice-president of Ingram Micro (NYSE:IM)'s managed services and cloud computing said that, "Ingram Micro Cloud is a growth catalyst for the IT industry and will help alleviate the fear and uncertainty many channel partners have around cloud computing. Focused on education, training and sales enablement, Ingram Micro Cloud simplifies cloud computing from all angles and gives channel partners both a technical advantage and a sizable business advantage when it comes to delivering cloud services." Chevron Corp. (NYSE:CVX) Fitch Ratings has indicated that acquisition of Atlas Energy Inc. did not affect Chevron Corporation' (NYSE:CVX) ratings. Under the announced deal terms, Chevron will buy Atlas for a total transaction of $4.3 billion. Acquired assets upon closing will include approximately 850 billion cubic feet of proved natural gas reserves with approximately 80 million cf/d of production. The deal is subject to Atlas shareholder approval, regulatory review, and certain restructuring transactions by Atlas. Caterpillar Inc. (NYSE:CAT) Caterpillar (NYSE:CAT) has announced a new program to offer product financing options to customers in India. Regarding this, Caterpillar India, a subsidiary of Caterpillar (NYSE:CAT) and Indian Cat dealers GMMCO and TIPL have entered into agreements with leading banks and finance companies to support the sale of Caterpillar machinery and power systems to customers in India. Kent Adams, Caterpillar vice president with responsibility for Caterpillar Financial Services Corporation said that “We are very pleased to have facilitated Caterpillar India’s alliances with these leading banks and NBFC’s in India.” There will probably be more movement when trading continues for Ingram Micro (NYSE:IM), Chevron Corp. (NYSE:CVX) and Caterpillar Inc. (NYSE:CAT).
tdp2664
E money daily
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Susquehanna Financial Group maintained Positive rating and $26 price target on AsiaInfo-Linkage, Inc. (NASDAQ:ASIA). Global Hunter Securities upgraded China Automotive Systems, Inc. (NASDAQ:CAAS) from Neutral to Accumulate, with $18.50 price target. Brean Murray maintained Buy rating and $25 price target on China Automotive Systems, Inc. (NASDAQ:CAAS). Roth Capital Partners reiterated Buy rating on Chinacast Education Corporation (NASDAQ:CAST). Roth Capital Partners maintained Buy rating and $9 price target on China Electric Motor, Inc. (NASDAQ:CELM). Macquarie reiterated Underperform rating on CNOOC Limited (NYSE:CEO), and maintained HK$13.50 price target on the company's Hong Kong-listed shares. CIMB reiterated Outperform rating on City Telecom (H.K.) Limited (NASDAQ:CTEL), and raised price target from HK$8.00 to HK$8.80 on the company's Hong Kong-listed shares. Roth Capital Partners maintained Buy rating on Zhongpin Inc. (NASDAQ:HOGS), and raised price target from $18 to $24. Brean Murray maintained Buy rating and $21 price target. Roth Capital Partners reiterated Buy rating and $26 price target on Harbin Electric, Inc. (NASDAQ:HRBN). Oppenheimer & Co. maintained Outperform rating on China Lodging Group, Ltd (NASDAQ:HTHT), and raised price target from $23.50 to $27. Roth Capital Partners reiterated Buy rating and $7 price target on LJ International, Inc. (NASDAQ:JADE). Credit Suisse maintained Neutral rating on JA Solar Holdings Co., Ltd. (NASDAQ:JASO), and raised price target from $10 to $11.50. Auriga USA maintained Hold rating on JA Solar Holdings Co., Ltd. (NASDAQ:JASO), and raised price target from $8 to $10. Citigroup maintained Buy rating on 51job, Inc. (NASDAQ:JOBS), and raised price target from $47 to $58. Susquehanna Financial Group maintained Positive rating on 51job, Inc. (NASDAQ:JOBS), and raised price target from $47 to $55. RBS Reiterate Buy rating on 51job, Inc. (NASDAQ:JOBS), and raised price target from $32 to $56. Piper Jaffray maintained Overweight rating and $25 price target on LDK Solar Co., Ltd. (NYSE:LDK). Deutsche Bank maintained Buy rating and $45 price target on Longtop Financial Technologies Limited (NYSE:LFT). Citigroup downgraded Mindray Medical International Limited (NYSE:MR) from Buy to Hold, and cut price target from $36 to $29. Bank of America initiated coverage of China Ming Yang Wind Power Group Ltd (NYSE:MY) with Buy rating and $17 price objective. Oppenheimer & Co. maintained Outperform rating and $34 price target on Perfect World Co., Ltd. (NASDAQ:PWRD). BNP Paribas reiterated Buy rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and maintained $40 price target. Goldman Sachs maintained Neutral rating and $84 price target on SouFun Holdings Limited (NYSE:SFUN). Deutsche Bank maintained Buy rating and $96 price target on SouFun Holdings Limited (NYSE:SFUN). Auriga USA reiterated Buy rating on SINA Corporation (NASDAQ:SINA), and raised price target from $60 to $71. Piper Jaffray maintained Overweight rating and $26 price target ReneSola Ltd. (NYSE:SOL). Barclays Capital maintained Equal Weight rating on Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF), and cut price target from $13 to $12. Canaccord Genuity maintained Buy rating and $15 price target on Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF). Brean Murray reiterated Buy rating and $15 price target on Sorl Auto Parts, Inc. (NASDAQ:SORL). Roth Capital Partners maintained Buy rating and $15 price target on Sorl Auto Parts, Inc. (NASDAQ:SORL). Goldman Sachs reiterated Conviction Buy rating on 7 Days Group Holdings Limited (NYSE:SVN), and raised price target from $28 to $30. Oppenheimer & Co. maintained Outperform rating on 7 Days Group Holdings Limited (NYSE:SVN), and raised price target from $19.50 to $23. Susquehanna Financial Group maintained Positive rating and $36 price target on VanceInfo Technologies Inc. (NYSE:VIT). Brean Murray maintained Buy rating on Wonder Auto Technology, Inc. (NASDAQ:WATG), and cut price target from $16 to $14. Oppenheimer & Co. maintained Outperform rating on Wonder Auto Technology, Inc. (NASDAQ:WATG), and cut price target from $15 to $14. Goldman Sachs maintained Neutral rating on WuXi PharmaTech (Cayman) Inc. (NYSE:WX), and raised price target from $15.4 to $16.0. Piper Jaffray maintained Neutral rating on WuXi PharmaTech (Cayman) Inc. (NYSE:WX), and raised price target from $16 to $17.
tdp2664
China Analyst
Analyst Actions on Chinese Stocks: ASIA, CAAS, CAST, CELM, CEO, CTEL, HOGS, HRBN … (Nov 10, 2010)
dow2664
Last week, stocks soared and stock market index values hit two year highs. During the first two days of this trading week, investors backed off of stocks but continued to position money with perceived safe haven assets such as gold and silver. Price per ounce soared. Today, with the dollar strengthening, investors have backed off of the precious metals and values fell off. Gold and silver price per ounce values are still at relative highs however. Gold and silver December delivery contracts remain at relative high levels as well. Even with the fall off today, the current economic environment has set the stage for a commodity run. The dollar fell today to the British pound and euro but gained against the Japanese yen. Commodity prices are maintaining high levels, specifically in gold silver. Through mid-day trading today, gold had backed off of yesterday’s high. Gold and silver for December delivery had fallen compared to yesterday’s values. Gold for December delivery finished today down .77% and settled at $1,399.30 an ounce. Silver for December delivery finished down 7.06% and settled at $26.86 an ounce. A broader perspective though reveals that both gold and silver values are significantly above where they were just a year ago. Gold has risen over .26% since this time last year and silver posts an increase of almost .61% over the same time span. Author: Camillo Zucari
dow2664
INVESTORS BID UP SHARES OF ISHARES DOW JONES US OIL EQUIPMENT & SERVICES INDEX FUND, UP 1.4% (IEZ) Zacks.com – 2 hours ago Nov 10, 2010 (SmarTrend(R) Market Surveillance via COMTEX) — iShares Dow Jones US Oil Equipment & Services Index Fund (NYSE:IEZ) is one of today's notable stocks on the rise, up 1.4% to $50.87 …
INVESTORS BID UP SHARES OF ISHARES DOW JONES US OIL EQUIPMENT & SERVICES INDEX FUND, UP 1.4% (IEZ)
Here is your daily Apple Inc. (NASDAQ: AAPL ) stock news and rumors for November 10, 2010. A new study by third-party warranty provider Square Trade has found that the iPhone 4 is the most reliable smartphone in the American mobile market right now, though it also happens to be the most fragile device as well. Apple enthusiasts anxious for new updates to the both iOS and Mac OS X will be pleased to hear that rumors point to a release for both in the next couple of days, with a new update for iTunes in tow as well. Finally, it appears that Apple has quietly acquired the wireless Bluetooth headphone maker Wi-Gear. iPhone Most Fragile, Most Reliable Smartphone on the Market: A new study from Square Trade, a third-party warranty provider, has determined that the iPhone 4 is the most reliable smartphones on the market, with just 2.1% of owners reporting non-accident malfunctions in the device after 12 months of ownership. The study looked at some 50,000 smartphones covered by Square Trade’s warranties. The sampling included Google (NASDAQ: GOOG ) Android phones like HTC’s Nexus One, Evo, and Droid Incredilbe as well as Motorola ‘s (NYSE: MOT ) Cliq, Droid, and Droid X phones in addition to Apple’s most recent phones. The study also included phones from Sony Ericsson (NYSE: SNE ), Nokia (NYSE: NOK ), Samsung, Palm, LG Electronics, and Research in Motion ‘s (NASDAQ: RIMM ) BlackBerry Curve, Storm, and Bold. The iPhone 3GS and Motorola’s phones came tied for second place with just 2.3% of owners reporting non-accidental trouble with their phones inside of twelve months. The iPhone 4, however, is also the least durable smartphone of the market, with 13.8% of owners claiming accidental damages within 12 months. Apple’s own warranties do not cover dropped phones, meaning that overall, the iPhone 4′s internal warranty costs are kept impressively low. AAPL Rumored to Release Major Software Updates for OS X, iOS, and iTunes This Week: MacStories reported yesterday evening that, according to sources inside AT&T (NYSE: T ), the long awaited iOS 4.2 update for the iPhone 4, iPhone 3GS, and iPad will be released this Friday. The update will improve stability for iOS 4 on the iPhone 3GS, and bring greater functionality parity between the iPhone 4 and iPad. iOS 4.2 will also bring AirPlay to Apple’s mobile devices, allowing for music and video streaming from a user’s handheld to other connected devices like the new Apple TV. The update also introduces AirPrint for wireless printing support. Mac desktop and laptop users will also be able to use AirPrint with the Mac OS X 10.6.5 update, which is also rumored to be releasing this week. Apple is also reportedly bringing the first software update to iTunes 10 this week. iTunes 10.1 will be a required installation on iOS devices alongside the iOS 4.2 update. Bluetooth Headphone Maker Wi-Gear Acquired By Apple?: Wi-Gear, a manufacturer of wireless Bluetooth adapters and headphones for Apple’s iPhone and iPod Touch product lines has potentially been acquired by Apple according to 9to5Mac . The iMuff headphone maker posted a note on their official website that Wi-Gear have “ceased operations and is no longer in business.” Wi-Gear co-founder Michael Kim, however, has since become an employee of Apple Inc, where he works as an iOS Bluetooth Engineer. It is likely that Apple has acquired Wi-Gear’s wireless Bluetooth headset technology, in addition to the tech’s creator, to create their own line of wireless headphones for iOS devices. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
tdp2664
gol2664
InvestorPlace
Darling International Inc. (NYSE:DAR) added 0.78% to $11.62 after it made its fresh one-year high of $11.88. The company announced Tuesday morning that it agreed to acquire Griffin Industries Inc. for a combination of cash and stock, valued at approximately $840 million. The 52-week range of the stock is $6.77-$11.88. EnerSys (NYSE:ENS) jumped 5.41% to $29.25 after it created its fresh one-year high of $29.45. For the July-September quarter, the company earned $26.6 million, or 53 cents a share, compared with $12.9 million, or 26 cents a share, a year ago. Excluding restructuring and acquisition-related expenses, the company earned 58 cents a share. Revenue for the company jumped 29 percent to $472.8 million. Analysts on average were expecting earnings of 51 cents a share on revenue of $446.9 million. Fossil, Inc. (NASDAQ:FOSL) went up 2.80% to $69.75 after it made its new 52-week high of $70.07. For the third quarter, the company earned $68.2 million, or $1.00 a share, compared with $35.3 million, or 52 cents a share, a year earlier. Revenue at the company, whose watches sell from $7 to upwards of $2,000, rose 37 percent to $523.8 million. Analysts were expecting the company to earn 75 cents a share, on revenue of 484.7 million, according to Thomson Reuters. For the full year, the company expects earnings of $3.59-$3.63 a share, up from its prior view of $3.13-$3.23 a share. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks
Zoom Technologies, Inc. (NASDAQ:ZOOM) plunged 11.35% to $3.98. The Company announced it has executed definitive agreements with institutional and accredited investors for gross proceeds of $7,926,240 in connection with the Company’s private placement of common stock and warrants. The transaction involves the sale of 2,113,664 newly-issued shares of the company’s common stock at the price of $3.75 per share and warrants to purchase an additional 1,585,248 shares of the company’s common stock at $4.71 per share. The transaction will close pending satisfaction of certain closing procedures. Proceeds from this financing will be used for capacity expansion purposes. Ares Capital Corporation (NASDAQ:ARCC) dropped 3.76% to $16.36. The company announced that it has entered into an agreement to sell 10,000,000 shares of common stock at a public offering price of $16.50 per share, raising $165,000,000 in gross proceeds. The 52-week range of the stock is $10.86-$17.44. The stock went up more than 31% year-to-date. DCP Midstream Partners, LP (NYSE:DPM) went down 4.44% to $34.64. The company announced that it has priced an underwritten public offering of 2,500,000 common units representing limited partner interests at $34.96 per common unit. The offering is expected to close on November 16, 2010. The stock went up more than 17% year-to-date.
tdp2664
Newsworthy Stocks
QEII makes a casino of investing. Place your bets…!
SO WHAT IF the Fed pushes short-term yields so low on US notes and bonds that it forces everyone else to takes heaps of risks and buy stocks and commodities? asks Dan Denning in his Daily Reckoning Australia.
That is the question that kept us tossing and turning Sunday night. By monetizing so much of the debt at the shorter end of the US yield curve (note and bonds that mature in 10 years or less) the Fed makes those instruments extremely unattractive to anyone who wants a return that beats inflation.
And in point of fact, yields on two-, five- and 10-year notes are all at or near record lows. Prices go up a bit, but not really enough to make buying US debt a winning trade. That means investors have to go out and buy junk bonds, or corporate bonds, or emerging market bonds. Or equities. Ahh, yes. Equities.
Perhaps that is why the stock market went up on the QE announcement last week. The size of the Fed’s move wasn’t a big surprise. But perhaps the dynamics of its movement – crowding everyone else out of the short-end of the bond market – is setting off the hunt for other assets…and stocks are an easy option. This is why stocks could make new nominal highs without any real improvement in the earnings prospects for major companies (ex financial).
Meanwhile, in the derivatives market, Gold Futures were knocking on the door of US$1400 per ounce, about to kick down the door. We’re here in Sydney to talk about gold to the Gold Symposium on Tuesday. The easy thing to do now is make a price forecast. Goldman Sachs did that last week, setting a price target of $1,650 for gold in the medium term. But all the action in the precious metals is pretty bullish right now, including silver, platinum, and palladium. And we mentioned on Friday that some analysts are even saying the base metals will thrive in the QE II trade, with some copper forecasts hitting $12,000 per tonne.
Reuters reported on Friday that copper hit a 27-month high, just a couple of hundred Dollars off its all-time high on the London Metals Exchange. It was a kind of delayed reaction to Wednesday’s Fed news. First, a possible strike at a major mine in Chile clouded the supply picture. But really, it’s as if everyone started to think the same thing at exactly the same time: Inflation!
The fact is that each phase of global financial crisis has been met with a money flood from the authorities. That money usually (and first) finds its way into the share market, and it takes the small fry up fastest. To me, this is the definition of financial gambling. That is, the Fed is turning the entire global stock market into a casino. It’s also probably accelerating the flow of capital out of Dollar denominated assets and into other markets with less destructive central bankers and politicians. That said, it could be bullish for tangible assets and thus, junior resources.
Says Barron’s magazine:
“This year, for the first time ever, China has been investing more overseas in assets like iron, oil and copper than it puts into US government bonds. China in this year’s first half spent $31 billion on hard assets, compared with $23 billion on Treasuries and other US government bonds. Experts say China’s investments in each of these asset classes will total about $55 billion for the full year. But even a tie marks a major turnaround from China’s previous practices.”
So yes. That seems all very bullish and favorable for Aussie stocks. Almost too good to be true, though. The devaluation of the Dollar isn’t likely to be so easy to profit from. And it’s probably going to get a lot more political.
Buying Gold or physical Silver Bullion today…?
gol2664
Futures are rallying off of a jobless claims report that far exceeded analyst expectations, coming in at 435,000 versus an expected 450,000. Below are today’s long and short setups. Long: FLIR Systems, Inc. (NASDAQ: FLIR ) I bought FLIR yesterday at the market close. Short: Strayer Education, Inc. (NASDAQ: STRA ) The SharePlanner Swing-Trading System is a proven trading strategy that has outpaced all the major indices with an 8-year return of over 1,010%. This year alone it is up 29%, with 64% of the stock picks being winners. It's an easy trading system that requires very little effort after you buy the stock and great for those who can't watch the market all the time! Find out more by visiting SharePlanner.com .
tdp2664
gol2664
InvestorPlace
Here is another collection of breaking news stories which may affect companies as trading continues later. The following stocks should see some movement: Marks and Spencer Group Plc (LON:MKS), J Sainsbury plc (LON:SBRY), Tesco PLC (LON:TSCO). Here is a more detailed look at the news that will affect each company when trading continues. Marks and Spencer Group Plc (LON:MKS) Marks and Spencer Group Plc (LON:MKS) has planned to expand its International presence. Marks and Spencer Group Plc (LON:MKS) has decided to boost its core British business and own-brand lines as they has reported a 6.8 per cent rise in half-year net profit. Marc Bolland, the new chief executive of Marks and Spencer Group Plc (LON:MKS) said that the company would initially focus on improving brands within the British business, but it was keen to become an international retailer to reduce its dependency on the domestic economic cycle. J Sainsbury plc (LON:SBRY) J Sainsbury plc (LON:SBRY) has opened a new store in London. The new store will offer a bakery and hot coffee for busy commuters, as well as Taste the Difference convenience foods, fresh fruit and vegetables, newspapers and flowers. During the launch of the new 2,400 sq. ft. outlet, the store manager presented the Central Foundation Boy’s School next door with GBP 500 worth of Active Kids equipment before pupils cut the ribbon. Michael McGregor, the store manager of J Sainsbury plc (LON:SBRY) said that, “We’re delighted to launch our new store by this gesture of goodwill to the school next door. Sainsbury’s is keen to become a part of the community by supporting good causes, and what better than helping out the local school whenever we can? We’re also looking forward to finding out which charity our customers are keen for us to support and will do our best to make a difference to the area.” Tesco PLC (LON:TSCO) Tesco PLC (LON:TSCO) has decided to expand its Asian presence. Tesco PLC (LON:TSCO), one of the largest U.K. retailer, has planned to acquire over 61 stores in Southeast Asia from France's supermarket giant Carrefour. This expansion strategy of Tesco PLC (LON:TSCO) into Asia will boost its market share in the region. Countries included in the deal are Thailand, South Korea, China, Japan, and Malaysia. According to a company statement, Terry Leahy, the CEO of Tesco PLC (LON:TSCO) said that, "It would make sense for us to look at [Southeast Asian] assets." We could possibly see more movement when trading continues for Marks and Spencer Group Plc (LON:MKS), J Sainsbury plc (LON:SBRY) and Tesco PLC (LON:TSCO).
tdp2664
E money daily
Deer Consumer Products, Inc. (NASDAQ:DEER) shares gained by 3.19% in pre-market trading from the previous close of $12.55. The stock price stands at pre market last of $12.95, on a pre market volume of 45,600 shares. Yesterday, the stock traded with volume at 803,126 shares. The 52-week trading range for the stock is $18.97 – $6.981. The daily average volume of the stock is 379,763 shares. The market capitalization of the company is $421.49 million. Today, the company announced its third quarter results for 2010, with net revenues at $55.26 million, an increase of 108% as compared to $26.54 million from the previous year. The company attributes the increase in organic revenues to 708% year over year quarterly growth in the high margin China domestic markets. In addition, Deer continues to experience strong organic growth from its global markets. The net income was $9.27 million, an increase of approximately 125% from previous year and fully diluted EPS was $0.28, compared to $0.18 in previous year. This quarter the company executed its China domestic market expansion strategies successfully, which resulted in higher revenue growth as well as higher profit margins. The company integrated production to market model and its in-depth local cultural and market knowledge to make it one of the most profitable and efficiently operated companies in the small household appliance industry in the world. The company has raised its 2010 earnings guidance to approximately $172 million in revenues, approximately $29 million in net income and Earnings per share (EPS) of $0.87-$0.88. The company's previous 2010 guidance was $160 million in revenues, $26 million in net income and EPS of $0.76. Deer is a Chinese designer, manufacturer and seller of small home and kitchen electric appliances. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks
Below is today's Daily News and Research on U.S.-Listed Chinese Stocks:
BIDU: Are You Ready for Google TV? – at TheStreet.com (Wed 8:00AM EST)
CAGC: UPDATE – China Agritech Q3 lags as floods hurt demand – at Reuters (Wed 9:01AM EST)
CAGC: China Agritech, Inc. Reports 2010 Third Quarter and Nine Month Financial Results – PR Newswire (Wed 7:57AM EST)
CAGC FEED: 10 Unusual Stocks Attracting Huge Interest In The Pre-Market Right Now – Silicon Alley Insider (Wed 8:40AM EST)
CGA: China Green Agriculture, Inc. Reports First Quarter Fiscal Year 2011 Financial Results and Affirms Fiscal Year 2011 Guidance – PR Newswire (Wed 7:30AM EST)
CHLN: China Housing Announces Earnings Date for Third Quarter 2010 Financial Results – PR Newswire (Wed 8:30AM EST)
CHOP: China Gerui Advanced Materials Group Limited Announces Conference Call for Third Quarter 2010 Financial Results – PR Newswire (Wed 8:42AM EST)
CVVT: UPDATE – China Valves Q3 beats, sees robust 2011 revenue growth – at Reuters (Wed 10:05AM EST)
CVVT: China Valves Technology, Inc. Announces Third Quarter 2010 Results – PR Newswire (Wed 8:50AM EST)
DEER: Deer Consumer Products 3Q earns more than double – AP (Wed 10:04AM EST)
DEER: UPDATE – Deer Consumer Q3 beats Street; raises FY outlook – at Reuters (Wed 7:46AM EST)
FEED: A123, Boeing, Jamba, Kelly Services, Polo Ralph Lauren: U.S. Equity Movers – at Bloomberg (Wed 9:47AM EST)
FEED: Movers & Shakers: Wednesday's biggest gaining and declining stocks – at MarketWatch (Wed 8:34AM EST)
FMCN PWRD: Stocks Hire and Higher in China – at Motley Fool (Wed 9:14AM EST)
HMIN HTHT: [$$] The Day Ahead: Economic News Takes Center Stage – at TheStreet.com (Wed 8:30AM EST)
HPJ: Investors Eye Battery Stocks After A123 Results – Indie Research (Wed 9:28AM EST)
JNGW: Jingwei International to Present at the Brean Murray, Carret & Co. 2010 China Growth Conference – PR Newswire (Wed 9:00AM EST)
JST: Jinpan International Announces Reporting Date for Third Quarter 2010 Financial Results – PR Newswire (Wed 9:44AM EST)
NEWN: New Energy Systems Group Announces Presentations at Upcoming Investor Conferences – PR Newswire (Wed 8:00AM EST)
SOHU YONG: Chart Watch: Minyanville Buzz Charts – at Minyanville (Wed 7:40AM EST)
SPRD: UPDATE – No-brand vendors hit Nokia, smartphones next-Gartner – at Reuters (Wed 10:02AM EST)
SUTR: Sutor Technology Group to Present at November Investor Conferences – PR Newswire (Wed 8:00AM EST)
TPI: Tianyin Reports Record First Quarter Fiscal Year 2011 Financial Results – PR Newswire (Wed 9:08AM EST)
YUII: Yuhe International Inc. Announces Conference Call to Discuss Third Quarter Fiscal Year 2010 Results – PR Newswire (Wed 9:00AM EST)
tdp2664
China Analyst
Daily News and Research on Chinese Stocks (Nov 10, 2010)
gol2664
What The Fed Does not Want You To Know (NYSE:AUY) (NASDAQ:GOLD) (NYSE:SLW) (NYSE:SLV) Inthemoneystocks.com – 36 minutes ago By Nicholas Santiago on November 10th, 2010 10:06am Eastern Time Yesterday gold and silver staged a sharp reversal day after first making new highs for the year intra-day. There were a couple of …
dow2664
US Stocks Down As Global Concerns Increase; DJIA Down 70 MarketWatch – 4 minutes ago By Jonathan Cheng NEW YORK (MarketWatch) — US stocks slumped for a third straight day as investors focused on global economic concerns, despite US jobless claims falling to their lowest point in …
US Stocks Down As Global Concerns Increase; DJIA Down 70
dow2664
Unemployment benefits for many Americans is a key topic right now as benefits are about to expire for a contingent of our society if Congress does not act. Republicans have recently taken power in the House and added seats in the Senate and have stated that they will consider the possibility of extending federal unemployment benefits as part of a contingency deal that integrates other cuts in spending to reduce budget deficits. This past summer, in July, Congress passed legislation the extended unemployment benefits to Americans in need. President Obama signed off on the legislation and it carried us through November 30th, of 2010. This current extension is set to expire on November 30th, 2010 and at that point, 2 million Americans that are unemployed and trying to find work will no longer receive an unemployment check from the government. The Bureau of Labor Statistics reported that the National Unemployment Rate remained at 9.6% for the third straight month. The Bureau of Labor also reported that the number of non-farm jobs rose by 151,000, but the number of people filing for unemployment remained unchanged at 14.8 million. If Congress does nothing in the next two weeks to extend unemployment benefits coverage, then approximately two million people will have to find another way to receive a reliable and predictable form of income. The deadline to file for federal unemployment benefits expires on November 30th and four days after that, over 800,000 people will stop receiving unemployment benefit checks according to the National Employment Law Project group. The government is attempting to stimulate the economy right now but if there is a lapse in unemployment provisions, the economic recovery could slow further. Author: Stephen Johnson
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) even after its positive report of earnings remained under pressure during the last session. The revenue growth in Q3 results remained 65.78% as compared to revenue of Q3 of 2009 while 68.42% with respect to Q2 revenue. It was reported that company during 3rd Quarter 2010 earned $7.6 million revenue as compared to $2.4 million in 2nd Quarter and $2.6 million of same period in 2009. The Company holds a strong position in case of short term liquidity requirements with current ratio 5.78 but on the other hand debt of 75% in capital structure makes long term position weak. The earning per share growth this year remained 43.99% and is expected to grow at 28.40% next year. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) fell 3.27 closed at 1.48. Its overall trading volume was 8.79 million shares as compared to its average volume of 6.26 million shares. The Stock's average price in 200 days remained $3.66 and its market capitalization is $166.27 million. Level 3 Communications, Inc. (NASDAQ:LVLT) gained 18.64% closed at $1.05. Its overall trading volume was 102.19 million shares as compared to its average volume of 37.70 million shares. The Stock's average price in 200 days remained $1.25 and its market capitalization is $1.75 billion. Sirius XM Radio Inc. (NASDAQ:SIRI) dropped 4.03% closed at $1.49. Its overall trading volume was 72.91 million shares as compared to its average volume of 70.08 million shares. The Stock's average price in 200 days remained $1.04 and its market capitalization is $5.79 billion. Uranium Resources, Inc. (NASDAQ:URRE) decreased 3.91% closed at $2.21. Its overall trading volume was 15.75 million shares as compared to its average volume of 2.46 million shares. The Stock's average price in 200 days remained $0.73 and its market capitalization is $186.22 million. Popular, Inc. (NASDAQ:BPOP) plunged 1.58% closed at $2.80. Its overall trading volume was 12.38 million shares as compared to its average volume of 10.06 million shares. The Stock's average price in 200 days remained $2.77 and its market capitalization is $2.86 billion.
tdp2664Penny Stock Live
This can’t go on. And so it won’t, at last…
HERE AT CASEY RESEARCH, we have been rather negative about the economy for many moons, writes David Galland, managing director of Casey Research.
To be otherwise in the face of the decades-long trend toward ever more government – along with its increasingly destructive and expensive meddling in the free markets – would have been foolish. And, so far, we have been right.
However, I for one am beginning to see some light at the end of the tunnel.
It won’t happen overnight, and maybe not in the next five to ten years, but it increasingly appears to me that the government’s disastrous “problem solving” that has brought us to this place is approaching a limit. Case in point, governments the world over are now engaged in an insane race to the bottom for their currencies – which will only gain speed if the Fed goes ahead with a new round of quantitative easing. Should the Fed persist with this latest madness, countries all over the globe are likely to step up their own interventions – but that may very well lead to the fiat system breaking down completely, to be replaced by something more tangible.
Likewise, given the increasingly dire need to spur economic growth, we could soon see an end to the growth in bureaucracy and the fire hose of taxes and regulations that those bureaucrats have been spraying over the global economy for decades.
Put another way, having squandered so much of human progress through counterproductive policies, any leader that wants to retain power – and they all want to retain power – is soon going to be forced to return to policies that have been proven to allow businesses to blossom.
This sea change won’t happen all at once – and probably not without the global economy first going through a dark and troublesome period. But I have to believe that we’ll soon see a widespread recognition that there are problems to be solved, and opportunities to be captured, by breaking from the herd. Thus, while one state tries to raise taxes to “solve” its budget problems, another will see the opportunity for growth to be had by lowering taxes. While one government passes more regulation to pander to a favored group, another will repeal legislation to lighten the dead hand of government in order to favor all.
In reasonably quick order, the governments that reduce, rather than increase, their burden on their business communities will see their economies begin to prosper while others stagnate – just as they always have. The United States in its youth provides the paradigm of this principle, but Hong Kong, Singapore, Dubai, and a handful of other, less pure examples prove the point as well.
In support of this general theme, subscriber D.W. recently sent along an interesting piece on boom times in a Swiss canton that is picking off the hedge fund managers being chased out of the UK by the 50% tax now being levied on earnings of over £150,000 a year.
And I quote…
“Switzerland’s tempting tax regimes attract UK firms
“Thirty minutes from Zurich and dotted with traditional dairy farms, it might seem an unlikely location for some of Britain’s biggest hedge funds. But it is one of a number of Swiss regions competing to offer ever lower tax rates in a bid to tempt British businesses to relocate.
“The hills are alive with the sound of cowbells – and construction workers.
“The village, in the area of Höfe in Schwyz is clustered around a shimmering lake which reflects the lush green, rural backdrop. However the scenery is also now increasingly dominated by building sites as it reinvented itself as a hedge fund centre by offering low personal tax rates to attract cash-rich fund managers.
“Spa hotels and up-market furniture retailers are springing up on the outskirts to cater for the new clientele.”
Why am I so confident that following another round or two of desperate, last-gasp efforts to maintain the statist quo, we’ll see a shift to a global competition based on free-market policies and hard money?
Simply because when there is only one path left, the choice of where to go next becomes obvious.
Or as one anonymous pundit so well put it…
“The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.”
The very real problems now confronting the world – most of which were created by politically motivated politicos trying to solve real and manufactured problems for favored constituents – have now reached the point where they can only be solved by lowering the burden of government on entrepreneurs and letting the free market do what it does best.
The countries that are first to jump on this bandwagon, or that are most vigorous in shedding their layers of obstructionist regulations and taxation, are going to be those that win the day. Conversely, any country that stubbornly tries to hold on to the statist quo is headed for even more serious troubles as its productive elements ship off to more favorable turf.
Investment angle? Watch the news for signals indicating that a particular government is turning toward freer markets, smaller governments, and lower taxes – then pile in. Getting in early on such a turnaround could be hugely profitable, just as leaving money tied up in the markets overburdened by stubborn statists is a sure ticket to a big loss.
Buying Gold today…?
gol2664
Taseko Mines Limited (USA) (AMEX:TGB) scheduled its earnings announcement today on Nov 10th, 2010 after trading ends. The stock's price recently recovered its position from decline caused by the event of BMO Capital Markets downgrading on Nov 5th, 2010. The Company's kept good short term and long term ability to pay debts by using a current ratio 4.45 while debt to equity ratio 0.03 shows unambiguous debts position in its capital structure. The management effective utilization of resources in last twelve month to earn maximum return on assets remained 21.01% while return on equity was 34.94%. Similarly Company's gross margin and operating margin remained higher in past twelve months but the highest margin was of net income with 51.54%. The Stock price follows the market with the beta of 1.81. The analysts strongly recommend to buy this stock, it has options trading on stock exchange and also available to sell short. Taseko Mines Limited (USA) (AMEX:TGB) surged 2.84 closed at 4.70. Its overall trading volume was 7.69 million shares as compared to its average volume of 5.49 million shares. The Stock's average price in 200 days remained $4.95 and its market capitalization is $877.36 million. Denison Mines Corp. (AMEX:DNN) saw the correction of 5.36% closed at $2.65. Its overall trading volume was 7.53 million shares as compared to its average volume of 2.09 million shares. The Stock's average price in 200 days remained $1.49 and its market capitalization is $900.26 million. Golden Star Resources Ltd. (USA) (AMEX:GSS) dropped 17.62% closed at $4.91. Its overall trading volume was 20.19 million shares as compared to its average volume of 3.65 million shares. The Stock's average price in 200 days remained $4.18 and its market capitalization is $1.27 billion. Great Basin Gold Ltd. (USA) (AMEX:GBG) increased 2.68% closed at $3.07. Its overall trading volume was 10.77 million shares as compared to its average volume of 2.59 million shares. The Stock's average price in 200 days remained $1.94 and its market capitalization is $1.07 billion. Northgate Minerals Corporation (USA) (AMEX:NXG) advanced 0.34% closed at $2.97. Its overall trading volume was 9.63 million shares as compared to its average volume of 4.36 million shares. The Stock's average price in 200 days remained $2.97 and its market capitalization is $864.06 million.
tdp2664Penny Stock Live
