TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES December 13th, 2010 Mid Day

dow2664

Stocks boasted a two year high at close on Friday. Investors report positive economic and corporate news set the stage for advancement in the market. At open on Monday the market continues to drive higher and investors are focused on corporate deals. Multiple Fortune 500 companies , including General Electric, Thermo Fisher Scientific and Dell have extended offers or announced acquisitions that have pushed the companies into the spotlight. Other companies, such as Fedex, observe share increases as the busiest time of year unfolds. Investors are also keeping close tabs on the proposed bill to extend the Bush era tax cuts. It appears that continued resistance from Democrats has threatened the deal. Reports indicate there may be enough conservative Democrats to get the deal passed but the delay has many discouraged. There are no major reports scheduled on the economic calendar for today but reports on unemployment, consumer prices and home construction are due out later this week. The Fed is expected to release a policy statement on Tuesday. At mid day the three major indexes are in the green. DJIA is up 35.61 points or .31% to 11,445.93. Nasdaq rose 3.67 points or 0.13% to 2,641.05. S&P 500 increased 4.14 points or 0.34% to 1,244.67 The Treasuries 10-year yield is up 0.03 to 3.33%. Oil is up 0.71 to $89.07 a barrel. Gold increased 13.30 to $1398.20 an ounce. The dollar is down 0.0091 to the Euro at $1.34. Author: Pamela Frost

TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES December 13th, 2010 Mid Day

Hot Stocks: Ivanhoe Mines Ltd. and Western Refining

dow2664

Hot Stocks: Ivanhoe Mines Ltd. and Western Refining Schaeffers Research – 34 minutes ago The Dow Jones Industrial Average (DJIA) has rallied roughly 25 points this morning, placing the blue-chip barometer a hair's breadth from a fresh two-year high above the 11,450 level. Clarity on …

Hot Stocks: Ivanhoe Mines Ltd. and Western Refining

Tax Selling Bargain Stocks

dow2664

One popular stock trading technique that has proven successful with many short term investors is buying stocks that are beaten down during the month of December. These are the stocks which have dropped due to people dumping their shares which were purchased at much higher prices, in order to take a tax loss establishing the loss in the 2010 calendar year. Many shareholders own stocks that they have held for three or four years, or even longer that are currently trading at a loss. The investors may need to take a loss to offset a capital gain that was generated this year. The sellers usually wait to the end of the year to dispose of their shareholdings, driving down the prices in December. There are over 35 companies that have dropped more than 70% during the last 52 weeks, according to WallStreetNewsNetwork.com, which could include many tax selling bargain opportunities. Just remember, you want to be in and out of these stocks quickly, as the drop in stock price could be due to more than just tax selling. Flagstar Bancorp Inc. (FBC), a Troy, Michigan based banking company, had had a huge drop. The stock traded above $5 a share back in May and even higher earlier in the year on a pre-split basis; it now trades at less than $1.50 per share. Although the company’s latest earnings were negative, quarterly revenues were up 218%. The stock trades at way below its book value of $5.30, and trades at 47 times forward earnings. Earlier this year, FBR Capital upgraded its rating of the stock from Market Perform to Outperform. Broadwind Energy, Inc. (BWEN) is another company that has taken a big dump, dropping from over $9.80 per share last December to less than $2 now. This wind tower manufacturing company has a forward price to earnings ratio of 197, with current earnings being negative. The book value is $1.64. The bio-pharmaceutical company Affymax, Inc. (AFFY) traded for about $25 per share during the last year, but now trades at slightly above $6 a share. Recent quarterly earnings were negative but the company is debt free and has $4.14 in cash per share. Last month, WBB Securities initiated coverage on the stock giving it a Buy rating. At the same time, WBB Securities upgraded the stock from a Hold to a Buy. To see a free list of the rest of the stocks that have dropped more than 70% during the last year and trade for at least a dollar a share, go to WallStreetNewsNetwork.com. The Excel list can be downloaded, sorted, and updated. Disclosure: Author didn’t own any of the above at the time the article was written. By Stockerblog.com

Tax Selling Bargain Stocks

TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES December 13th, 2010 Mid Day

Stocks boasted a two year high at close on Friday. Investors report positive
economic and corporate news set the stage for advancement in the market. At open
on Monday the market continues to drive higher and investors are focused on
corporate deals. Multiple Fortune 500 companies , including General Electric,
Thermo Fisher Scientific and Dell have extended offers or announced acquisitions
that have pushed the companies into the spotlight. Other companies, such as
Fedex, observe share increases as the busiest time of year unfolds. Investors
are also keeping close tabs on the proposed bill to extend the Bush era tax
cuts. It appears that continued resistance from Democrats has threatened the
deal. Reports indicate there may be enough conservative Democrats to get the
deal passed but the delay has many discouraged. There are no major reports
scheduled on the economic calendar for today but reports on unemployment,
consumer prices and home construction are due out later this week. The Fed is
expected to release a policy statement on Tuesday. At mid day the three major
indexes are in the green. DJIA is up 35.61 points or .31% to 11,445.93. Nasdaq
rose 3.67 points or 0.13% to 2,641.05. S&P 500 increased 4.14 points or 0.34% to
1,244.67 The Treasuries 10-year yield is up 0.03 to 3.33%. Oil is up 0.71 to
$89.07 a barrel. Gold increased 13.30 to $1398.20 an ounce. The dollar is down
0.0091 to the Euro at $1.34. Author: Pamela Frost

Hot Stocks: Ivanhoe Mines Ltd. and Western Refining

Hot Stocks: Ivanhoe Mines Ltd. and Western Refining Schaeffers Research - 34
minutes ago The Dow Jones Industrial Average (DJIA) has rallied roughly 25
points this morning, placing the blue-chip barometer a hairs breadth from a
fresh two-year high above the 11,450 level. Clarity on ...

Randgold Resources (GOLD) Showing Bearish Technicals But Could Break Through $91.21 Resistance

Randgold Resources (GOLD) Showing Bearish Technicals But Could Break Through
$91.21 Resistance Market Intelligence Center - 2 hours ago Randgold Resources
Ltd (NASDAQ: GOLD) closed Fridays trading session at $89.57. In the past year,
the stock has hit a 52-week low of $64.91 and 52-week high of $106.44. Randgold
Resources stock ...

Google Alert - TSX

News 7 new results for TSX

Rising commodities help lift TSX Toronto Star The S&P/TSX composite index advanced 34.2 points to 13273.68 while the TSX Venture Exchange climbed 14.17 points to 2138.47. The Canadian dollar gained ... See all stories on this topic »

Ivanhoe Mines approves US$2.3 billion for Mongolian gold and copper mine CanadianBusiness.com By The Canadian Press VANCOUVER - Ivanhoe Mines (TSX:IVN) has approved a US$2.3-billion capital budget for ongoing construction at its Oyu Tolgoi copper and ... See all stories on this topic »

TSX Venture Exchange opened on Monday at 2143.37, up 19.07 points Winnipeg Free Press TORONTO - The TSX Venture Exchange stood at 2143.37, up 19.07 points from Friday's close. The volume at 10 am ET was at 82.2 million shares. ... See all stories on this topic »

TSX lifted by optimistic economic data CANOE The Toronto Stock Exchange's S&P/TSX composite index closed up 72.53 points, or 0.55 percent, at 13239.47. It ended the week 0.5 percent higher. ... See all stories on this topic »

Realm Energy Announces Closing of Private Placement DigitalJournal.com (press release) The Private Placement remains subject to final acceptance by the TSX Venture Exchange. The common shares and warrants issued in the Private Placement will ... See all stories on this topic »

The Ubika Research Gold 50 Index: weekly performance report issued Baystreet.ca To view all of the companies in the Ubika Gold 50 Index, their relative performance vis-à-vis TSX Venture Index, read the weekly performance report, ... See all stories on this topic »

Markets rise after China holds rates Vancouver Sun In Toronto, the benchmark S&P/TSX composite index was up 57.29 points, or 0.43 per cent, to 13296.76 —_after finishing Friday up 0.5 per cent for the ... See all stories on this topic »

---

This as-it-happens Google Alert is brought to you by Google.

Remove this alert.
Create another alert.
Manage your alerts.