Top AMEX Stock Movers (PIP, GMO, KEM)

PharmAthene, Inc. (AMEX:PIP) plunged 14% to $3.51 on unusual volumes. The company announced that it has priced a registered public offering of 4,300,000 shares of its common stock at a price to the public of $3.50 per share. In connection with the offering, the Company also granted the underwriter a 30-day option to purchase up to an additional 645,000 shares to cover over-allotments, if any. The offering is expected to close on or about November 3, 2010. The stock traded within the range of $3.50-$3.63. At closing market price, the market capitalization of the company stands at $115.02 million. General Moly, Inc. (AMEX:GMO) soared 20.93% to close at $5.20 after it made its fresh 52-week high of $5.24. The company said it has a net loss of $6.3 million or $0.09 per share in its third quarter. Consolidated cash balance at the end of the third quarter was approximately $17 million compared to approximately $23 million at the end of the second quarter and approximately $49 million at the end of 2009. The stock went up more than 150% year-to-date. The 52-week range of the stock is $1.85-$5.24. KEMET Corporation (AMEX:KEM) jumped 10.95% to $3.75. The Company posted second quarter 2011 results. The company reported that its net income jumped to $34.3 million or $0.42 a basic share from $0.22 a share a year ago period. Revenue grew 43.5% to $248.6 million from $243.8 million in a year ago quarter. The stock opened at $3.37 and traded within the range of $3.37-$3.83. Over the past five trading sessions, the stock went up more than 25%. 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.
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AIG Scores with Hong Kong IPO for AIA

American International Group, Inc. (NYSE: AIG ) earlier this year rejected an offer of $30.5 billion from Britain’s Prudential PLC (NYSE: PUK ) for its Asian insurance division American International Assurance Group Ltd., known as AIA. AIG decided instead to pursue an IPO on the Hong Kong exchange, and that offering is now in the books. The IPO valued AIA at about $30.6 billion, but of that AIG gets only about $17.8 billion. By any measure the IPO was a smashing success. The shares went out at HK$19.68 (about $2.96) and closed the morning session at HK$22.95. The shares are over HK$23 currently. Bloomberg Businessweek has reported that gray market shares of AIA traded at around HK$21.50 before the IPO. Originally slated for 5.86 billion shares, the offering grew by 1.17 billion shares on strong demand from investors. AIG also retains an option to sell another 1.05 billion shares, which would reduce its remaining stake in AIA from 42% to about 33%. Under the terms of the IPO, AIG cannot exercise its option for six months and must maintain a minimum 30% stake for one year. AIG’s take if it exercises its option could total as much as $20.5 billion. AIG plans to use its proceeds to pay off part of the $46 billion it still owes to the Federal Reserve Bank of New York. AIA had commitments from five cornerstone investors totaling $1.9 billion. The largest piece came from the Kuwaiti sovereign wealth fund, which put up $1 billion. Malaysia’s Guoco Group Ltd. and Hong Leong Group committed a total of $420 million and Malaysia’s government retirement fund invested $200 million. Two Hong Kong investment companies and Hong Kong’s Wharf Holdings Ltd. put up the remaining $300 million. The IPO was the second largest this year, trailing only the massive $22.1 billion IPO of China’s Agricultural Bank of China. The Wall Street Journal noted that the retail tranche of the IPO was oversubscribed by more than nine times, and the institutional tranche was oversubscribed by nearly eight times. The AIA offering was part of an overall plan agreed to by AIG and the federal government that would repay US taxpayers most, if not all, the $180 billion or so poured into AIG following the financial crisis of 2008.
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Weekly News Roundup: Dow Chemical (NYSE:DOW)

Here are this week’s news briefs for Dow Chemical (NYSE:DOW). Dow Chemical (NYSE:DOW) stocks ended the week at 30.84 (as of 10/29/2010). Weekly News Roundup: Dow Chemical (NYSE:DOW) Tuesday 26 October Dow Chemical (NYSE:DOW) has recognized the winners in the Sustainability Innovation Student Challenge held at Tufts University in Boston. The students have been awarded for their innovation and commitment for providing sustainable solutions to social, economic, and environmental problems. Neil Hawkins Dow Chemical (NYSE:DOW) Vice President of Sustainability and Environment, Health and Safety said, "I speak for everyone at Dow Chemical (NYSE:DOW) when I say how proud we are to recognize the innovative thinking and collaboration showcased among a new generation of scientists and leaders collectively working toward a more sustainable future." Friday 29 October Dow Chemical (NYSE:DOW) has improved its third-quarter performance. Dow Chemical's (NYSE:DOW) sales rose on stronger demand and saw an overall price increase of 9 percent. The third quarter results showed a solid recovery, beating analyst's forecasts for the company's earning. Andrew Liveris, Dow Chemical's (NYSE:DOW) chairman and chief executive, said, "These results clearly demonstrate our strategy is continuing to deliver and that we have regained our momentum to transform Dow Chemical (NYSE:DOW) into an earnings growth company."  We will continue checking the Dow Chemical (NYSE:DOW) stock level for developments over the next couple of weeks.
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TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES October 29th, 2010 Mid Day

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The market closed flat on Thursday and stocks continue this trend into Friday afternoon. Corporate third quarter results continue to report better than expected earnings but mixed affects on stocks. Multiple reports were anticipated today on the economic calendar. The government released the initial results of its third quarter gross domestic product (GDP). The GDP is used to measure the nations economic activity. The government reports the third quarter GDP rose at an annual rate of 2%. This was higher than the last report three months ago at 1.7%, but indicates growth at a sluggish rate. The Bureau of Labor Statistics reported the compensation for civilian workers increased 0.4% in the third quarter. The Michigan consumer sentiment index was reported to decline from 67.9 last month to 67.7, falling short of the anticipated 68. Investors report increased uncertainty at this time with so many mixed third quarter results and they continue to speculate what measures the Fed will take and how the Nov. 2 elections may affect the economy. Until there are some definitive answers, reports indicate the market will continue to be choppy. Currently the markets are in the green approaching close. NASDAQ is up 9.83 points to 2,517.19. S&P 500 is up 1.18 to 1,184.96. DJIA is up 8.77 to 11,122.72. The Treasurys 10-year yield is down 0.04 to 2.62%. Oil is down 1.02 to $81.18 a barrel. Author: Pamela Frost

TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES October 29th, 2010 Mid Day

Top 10 U.S.-Listed Chinese Stocks with Highest Return on Assets: GPRC, HGSH, SCOK, CNET, CJJD, CYOU, BIDU, CNGL, SINA, PWRD (Oct 31, 2010)

Below are the top 10 U.S.-listed Chinese stocks with highest Return on Assets ratio (ROA) for the last 12 months, UPDATED TODAY before 4:30 AM ET. ROA shows a company's efficiency in making profits from its assets. It is equal to net profits divided by total assets.

Guanwei Recycling Corp. (NASDAQ:GPRC) has the 1st highest Return on Assets in this segment of the market. Its ROA was 69.37% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 3.73 for the same period. China HGS Real Estate, Inc. (NASDAQ:HGSH) has the 2nd highest Return on Assets in this segment of the market. Its ROA was 56.88% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.48 for the same period. SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) has the 3rd highest Return on Assets in this segment of the market. Its ROA was 56.74% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.86 for the same period. ChinaNet Online Holdings Inc (NDA) (NASDAQ:CNET) has the 4th highest Return on Assets in this segment of the market. Its ROA was 43.32% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.89 for the same period. China Jo Jo Drugstores Inc (NASDAQ:CJJD) has the 5th highest Return on Assets in this segment of the market. Its ROA was 43.02% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 2.56 for the same period.

Changyou.com Limited(ADR) (NASDAQ:CYOU) has the 6th highest Return on Assets in this segment of the market. Its ROA was 42.11% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.78 for the same period. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has the 7th highest Return on Assets in this segment of the market. Its ROA was 37.86% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.91 for the same period. China Nutrifruit Group Ltd (AMEX:CNGL) has the 8th highest Return on Assets in this segment of the market. Its ROA was 35.89% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 1.35 for the same period. SINA Corporation (USA) (NASDAQ:SINA) has the 9th highest Return on Assets in this segment of the market. Its ROA was 35.65% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.31 for the same period. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) has the 10th highest Return on Assets in this segment of the market. Its ROA was 35.56% for the last 12 months. Its Asset Turnover ratio (revenue divided by assets) was 0.81 for the same period.

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China Analyst
Top 10 U.S.-Listed Chinese Stocks with Highest Return on Assets: GPRC, HGSH, SCOK, CNET, CJJD, CYOU, BIDU, CNGL, SINA, PWRD (Oct 31, 2010)

Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc.

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Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc. Schaeffers Research – Oct 29, 2010 The Dow Jones Industrial Average (DJIA) has bounced back from early losses, though stocks have made little progress into positive territory as Wall Street digests the preliminary report on US …

Hot Stocks: Monster Worldwide Inc. and Newpark Resources Inc.

Consumer Good Stocks Closed Lower (Ford, GT, AVP)

Ford Motor Company (NYSE:F) slid 0.63% to $14.13. This week, the company said that its third-quarter net income jumped to $1.7 billion or 43 cents a share, from $997 million, or 29 cents a share, in the year-ago period. Revenue fell slightly to $29 billion from $30.3 billion. Wall Street analysts expected net income of 36 cents a share and revenue of $27.9 billion, according to a survey by FactSet Research. At Friday`s closing market price, the market capitalization of the company stands at $48.60 million. The Goodyear Tire & Rubber Company (NYSE:GT) dropped 3.22% to $10.22. The company reported a net loss of $20 million, or 8 cents per share, for the third quarter, compared with a net profit of $72 million, or 30 cents per share, a year earlier. Excluding one-time items that included debt refinancing, Goodyear reported earnings of 13 cents per share. Analysts on average expected Goodyear to report earnings of 10 cents per share on that basis, according to Thomson Reuters. The 52-week range of the stock is $9.10-$16.39. The stock went down more than 29% year-to-date. Avon Products, Inc. (NYSE:AVP) went down 1.81% at $30.45. Avon’s net income in the third quarter rose to $166.7 million, or 38 cents a share from $156.2 million, or 36 cents a share, a year earlier. Excluding one-time items, earnings were 41 cents a share, compared with the analysts’ average estimate of 47 cents, according to Thomson Reuters. Revenue was up 4 percent at $2.66 billion. Analysts on average forecast $2.69 billion. Over the past 52-week, the stock had traded within the range of $25-$36.39 and is down more than 4% year-to-date.
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