The primary stock index composites finished off the opening trading session
this week in the green. The Dow Jones Industrial Average closed over 250 points
higher yesterday as a result of several positive economic reports that posted
during the day. Personal income and spending data was better than expected and a
positive sign for investors. The strength and damage due to Irene was also less
than expected which also added a bit of a silver lining for investors as the
NYSE opened and did business as usual Monday. This mornings data, prior to
opening bell, painted a different picture however. Stock futures for all three
primary composites in the U.S. were posting in the red. World markets were mixed
at this point and this applied negative pressure for the open of the U.S.
marketplace. As the session approaches the halfway point today, the primary
stock indices show mixed trending. The Dow dropped 14.65 points or 0.13% to
11,525. The Nasdaq gained 5.60 points or 0.22% to 2,567. The S&P 500 lost 1.16
points or 0.10% to 1,209. The U.S. Treasuries 10 year yield was down 0.10 to
2.18%. Oil gained 1.39 or 1.59% to $88.66 a barrel. Gold soared 39.60 or 2.22%
to $1830.80 an ounce. Author: Pamela Frost
Gold, Mining, silver, index, prices, today, oil, crude, dow jones, nasdaq, s&p 500, TSX, barrick gold, toromocho, CUP, goog, msft, aapl, finance, yahoo, bing, google,currency converter, currency, rates, currency tool, currency trading, currency transfers, foreign exchange, conversion, , live currency rates, mid-market, obsolete, precious metals, rate calculations, save money, save time, special units, tips, trade currency, up to the minute, world currency, xe trade, currency symbols
Tuesday, August 30, 2011
US pending home sales fell in July 2011
According to the recent US pending homes sales report there was a drop in
pending home sales during July 2011, but was still above the rate in July 2010.
The US pending home sales index declined by 1.3% during July 2011 compared with
the June 2011 index. This index is a forward looking indicator and considers
only the contracts signed and not closing. This index might suggest a shift in
direction in the US real estate market as this decrease might indicate a
slowdown. This news of a slowdown in the real estate market coincides with the
recent news of the other housing indicators including the drop in existing home
sales and slight drop in US new home sales. Despite the recent news of a
slowdown in pending home sales, it didnt affect much oil prices as they have
further inclined yesterday. Currently crude oil prices are traded with slight
changes: Current Nymex crude oil price, short term futures (September 2011
delivery) is traded up by 0.13%, at $87.38 per barrel as of 07:09*. Current gold
price, short term futures (September 2011 delivery) is traded at $1,797.60 per t
oz. a $6 increase or 0.33%, as of 07:00*. Euros to
pending home sales during July 2011, but was still above the rate in July 2010.
The US pending home sales index declined by 1.3% during July 2011 compared with
the June 2011 index. This index is a forward looking indicator and considers
only the contracts signed and not closing. This index might suggest a shift in
direction in the US real estate market as this decrease might indicate a
slowdown. This news of a slowdown in the real estate market coincides with the
recent news of the other housing indicators including the drop in existing home
sales and slight drop in US new home sales. Despite the recent news of a
slowdown in pending home sales, it didnt affect much oil prices as they have
further inclined yesterday. Currently crude oil prices are traded with slight
changes: Current Nymex crude oil price, short term futures (September 2011
delivery) is traded up by 0.13%, at $87.38 per barrel as of 07:09*. Current gold
price, short term futures (September 2011 delivery) is traded at $1,797.60 per t
oz. a $6 increase or 0.33%, as of 07:00*. Euros to
Gold Prices Silver Prices todays Gold Price Per Ounce Silver price; Spot Gold per gram spot silver; DJIA Index DJX Dji Close Review
Precious metal gold and silver prices moved lower during the last trading
session as the primary stock index composites moved higher. Stocks were in rally
mode yesterday and this action left little room for gold and silver trends to
move into the green. Irene was damaging, but not as devastating as many
expected. This positively skewed outcome, paired with other positively skewed
economic reports yesterday, helped to push stock indices higher. The Dow Jones
Industrial Average finished the session higher by 2.26 percent and closed green
at 11,539.25. Golds safe haven appeal diminished in light of the better than
expected personal income and spending data that posted during the day. Gold
contract for December delivery finished in the red by .32 percent closing at
1791.60 per troy ounce. Silver contract for September delivery closed out red by
.99 percent at 40.55 per troy ounce. The one month change status for gold is
still positive by 10.60 per troy ounce. The one month change status for silver
is positive by 2.47 percent. After last session close but prior to todays
opening bell, spot gold and spot silver prices were moving in divergent
directions. Spot gold price per gram was positive by .13 at 57.81 and spot
silver price per ounce was positive by .09 at 40.86. Camillo Zucari
session as the primary stock index composites moved higher. Stocks were in rally
mode yesterday and this action left little room for gold and silver trends to
move into the green. Irene was damaging, but not as devastating as many
expected. This positively skewed outcome, paired with other positively skewed
economic reports yesterday, helped to push stock indices higher. The Dow Jones
Industrial Average finished the session higher by 2.26 percent and closed green
at 11,539.25. Golds safe haven appeal diminished in light of the better than
expected personal income and spending data that posted during the day. Gold
contract for December delivery finished in the red by .32 percent closing at
1791.60 per troy ounce. Silver contract for September delivery closed out red by
.99 percent at 40.55 per troy ounce. The one month change status for gold is
still positive by 10.60 per troy ounce. The one month change status for silver
is positive by 2.47 percent. After last session close but prior to todays
opening bell, spot gold and spot silver prices were moving in divergent
directions. Spot gold price per gram was positive by .13 at 57.81 and spot
silver price per ounce was positive by .09 at 40.86. Camillo Zucari
Dow Jones Average Index DJX:.DJI, Nasdaq, S&P 500; Stock Market MSN Money Quote USAA USAUX Investing News Today
Positive trends in the stock market continued during the opening trading
session this week. All three primary stock composites closed out in the green
yesterday in the midst of the ongoing recovery efforts happening along the east
coast of America. The Dow Jones Industrial Average closed the day higher by over
254 points at 11,539.25. The Nasdaq closed out higher by over 82 points at
2,562.11 and the S&P 5oo finished positive as well by over 33 points to close at
1,210.08. The devastation from Irene was widespread along the East Coast, but
the power of the storm diminished as it traveled over land which likely reduced
its destructive potential. Investors on Wall Street appeared to rally behind the
silver lining and helped to push stock indices into positive territory through
the day. In addition to the silver lining, other reports skewed positive Monday.
The personal income report posted a rise for July by .03 percent and spending in
July notched higher by .8 percent. News also broke relevant to the Eurozone debt
problems that skewed positive. Moves are being made in the Eurozone marketplace
that are helping to alleviate debt concerns and this action is trickling in to
help stocks during the U.S. sessions. The positive momentum is helping some
funds show growth as well. USAA Aggressive growth fund ticked higher yesterday.
USAUX notched positive by 3.01 percent yesterday and closed at 31.85. The great
news is tempered by the fact that August overall has been a poor month for the
marketplace in the U.S. August could be one of the worst in recent time. Frank
Matto
session this week. All three primary stock composites closed out in the green
yesterday in the midst of the ongoing recovery efforts happening along the east
coast of America. The Dow Jones Industrial Average closed the day higher by over
254 points at 11,539.25. The Nasdaq closed out higher by over 82 points at
2,562.11 and the S&P 5oo finished positive as well by over 33 points to close at
1,210.08. The devastation from Irene was widespread along the East Coast, but
the power of the storm diminished as it traveled over land which likely reduced
its destructive potential. Investors on Wall Street appeared to rally behind the
silver lining and helped to push stock indices into positive territory through
the day. In addition to the silver lining, other reports skewed positive Monday.
The personal income report posted a rise for July by .03 percent and spending in
July notched higher by .8 percent. News also broke relevant to the Eurozone debt
problems that skewed positive. Moves are being made in the Eurozone marketplace
that are helping to alleviate debt concerns and this action is trickling in to
help stocks during the U.S. sessions. The positive momentum is helping some
funds show growth as well. USAA Aggressive growth fund ticked higher yesterday.
USAUX notched positive by 3.01 percent yesterday and closed at 31.85. The great
news is tempered by the fact that August overall has been a poor month for the
marketplace in the U.S. August could be one of the worst in recent time. Frank
Matto
Top 10 U.S.-Listed Chinese Stocks with Highest Upside: CIS, CAAS, COGO, HOLI, ASIA, CCIH, SORL, MY, HOGS, VISN (Aug 29, 2011)
Below are the top 10 U.S.-listed Chinese stocks with highest upside potential,
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 324.8%.
Its consensus target price is $19.12 based on the average of all estimates.
China Automotive Systems, Inc. (NASDAQ:CAAS) has the 2nd highest upside
potential in this segment of the market. Its upside is 205.0%. Its consensus
target price is $13.30 based on the average of all estimates. Cogo Group, Inc.
(NASDAQ:COGO) has the 3rd highest upside potential in this segment of the
market. Its upside is 179.8%. Its consensus target price is $7.67 based on the
average of all estimates. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has
the 4th highest upside potential in this segment of the market. Its upside is
170.7%. Its consensus target price is $13.13 based on the average of all
estimates. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) has the 5th highest upside
potential in this segment of the market. Its upside is 156.5%. Its consensus
target price is $23.99 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 6th highest upside potential in
this segment of the market. Its upside is 139.4%. Its consensus target price is
$14.58 based on the average of all estimates. Sorl Auto Parts, Inc.
(NASDAQ:SORL) has the 7th highest upside potential in this segment of the
market. Its upside is 129.6%. Its consensus target price is $7.88 based on the
average of all estimates. China Ming Yang Wind Power Group Ltd (NYSE:MY) has the
8th highest upside potential in this segment of the market. Its upside is
129.2%. Its consensus target price is $7.73 based on the average of all
estimates. ZHONGPIN INC. (NASDAQ:HOGS) has the 9th highest upside potential in
this segment of the market. Its upside is 118.4%. Its consensus target price is
$17.97 based on the average of all estimates. VisionChina Media Inc (ADR)
(NASDAQ:VISN) has the 10th highest upside potential in this segment of the
market. Its upside is 118.1%. Its consensus target price is $3.93 based on the
average of all estimates.
based on the difference between current price and Wall Street analysts average
target price. Camelot Information Systems Inc (ADR) (NYSE:CIS) has the 1st
highest upside potential in this segment of the market. Its upside is 324.8%.
Its consensus target price is $19.12 based on the average of all estimates.
China Automotive Systems, Inc. (NASDAQ:CAAS) has the 2nd highest upside
potential in this segment of the market. Its upside is 205.0%. Its consensus
target price is $13.30 based on the average of all estimates. Cogo Group, Inc.
(NASDAQ:COGO) has the 3rd highest upside potential in this segment of the
market. Its upside is 179.8%. Its consensus target price is $7.67 based on the
average of all estimates. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has
the 4th highest upside potential in this segment of the market. Its upside is
170.7%. Its consensus target price is $13.13 based on the average of all
estimates. AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) has the 5th highest upside
potential in this segment of the market. Its upside is 156.5%. Its consensus
target price is $23.99 based on the average of all estimates. ChinaCache
Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) has the 6th highest upside potential in
this segment of the market. Its upside is 139.4%. Its consensus target price is
$14.58 based on the average of all estimates. Sorl Auto Parts, Inc.
(NASDAQ:SORL) has the 7th highest upside potential in this segment of the
market. Its upside is 129.6%. Its consensus target price is $7.88 based on the
average of all estimates. China Ming Yang Wind Power Group Ltd (NYSE:MY) has the
8th highest upside potential in this segment of the market. Its upside is
129.2%. Its consensus target price is $7.73 based on the average of all
estimates. ZHONGPIN INC. (NASDAQ:HOGS) has the 9th highest upside potential in
this segment of the market. Its upside is 118.4%. Its consensus target price is
$17.97 based on the average of all estimates. VisionChina Media Inc (ADR)
(NASDAQ:VISN) has the 10th highest upside potential in this segment of the
market. Its upside is 118.1%. Its consensus target price is $3.93 based on the
average of all estimates.
Monday, August 29, 2011
Gold & silver started the week with falls | oil with rises – August 29
Gold and silver prices changed direction again and fell yesterday for the first
time since August 24th; crude oil prices continued to climb as they rose for the
third straight business days; natural gas spot price (Henry Hub) on the other
hand kept falling. Here is a summary of the price movements of precious metals
and energy commodities for August 29th: Precious Metals prices: Gold price
slightly declined yesterday by 0.32% to $1,791; Silver price also slightly fell
by 0.98% to $40.60. During August, gold prices increased by 9.8%, and silver
price by only 1.2%. The EURO to US Dollar exchange rate increased by 0.08% i.e.
the USD depreciated against the EURO. During August, the EURO to US Dollar
slightly rose by 0.78%. Oil and Gas prices: WTI Spot oil price inclined by
2.23%; it settled at $87.27 per barrel; during August, the WTI spot oil price
declined by 8.8%. Brent spot price also rose by 1.06% to $113.09 per barrel. Due
to these changes, the difference between Brent and WTI declined to $25.82/bbl.
Natural gas Henry Hub future price (September delivery) fell by 2.54% to
$3.83/mmbtu. The Henry Hub spot price also declined by 1.26% to $3.91/mmbtu; the
time since August 24th; crude oil prices continued to climb as they rose for the
third straight business days; natural gas spot price (Henry Hub) on the other
hand kept falling. Here is a summary of the price movements of precious metals
and energy commodities for August 29th: Precious Metals prices: Gold price
slightly declined yesterday by 0.32% to $1,791; Silver price also slightly fell
by 0.98% to $40.60. During August, gold prices increased by 9.8%, and silver
price by only 1.2%. The EURO to US Dollar exchange rate increased by 0.08% i.e.
the USD depreciated against the EURO. During August, the EURO to US Dollar
slightly rose by 0.78%. Oil and Gas prices: WTI Spot oil price inclined by
2.23%; it settled at $87.27 per barrel; during August, the WTI spot oil price
declined by 8.8%. Brent spot price also rose by 1.06% to $113.09 per barrel. Due
to these changes, the difference between Brent and WTI declined to $25.82/bbl.
Natural gas Henry Hub future price (September delivery) fell by 2.54% to
$3.83/mmbtu. The Henry Hub spot price also declined by 1.26% to $3.91/mmbtu; the
Allstate, Techs lead S&P 500 Gains
As investors were relieved by Hurricane Irene doing less damage than expected,
gains in insurance companies were leading the Standard & Poors 500 Index higher
by more than 18 points, a rise of around 1.6%, to over 1,195. Still down by more
than 4.6% for the year, the S&P is up more than 6.6% for the last week of
trading. Advancing stocks outnumbered those declining by more than 5-to-1.
Property insurer Allstate (NYSE: ALL ) was up more than 6%, picking up about
$1.50 per share to over $26. Allstate was upgraded by UBS on Aug. 11. However,
Allstate is down more than 10% for the month and 20% for the quarter. JDS
Uniphase (NASDAQ: JDSU ) was up more than 7%, about 80 cents, to over $12. The
entire tech sector was up in early-morning buying and selling as it is beginning
to recover on hopes of a stronger economy with possible help from the Fed. For
the past week, JDS Uniphase is up more than 13%. For the quarter, however, it is
down more than 40%. After being punished by Wall Street for disappointing
earnings, Micron Technology (NASDAQ: MU ) continued its recovery with a bump of
more than 30 cents this morning to about $6 a share, a gain of more than 5.6%.
Disappointing second-quarter earnings has Micron Technology down more than 43%
for the quarter and trading more than 34% below its 200-day moving average.
However, on Aug. 25, it received positive recommendations from Wedbush, Sterne
Agee and Barclays Capital. Monsanto (NYSE: MON ) was off around 4% to under $68
per share, dropping about 2.7%. Higher corn prices will increase costs for the
agricultural chemicals company. Monsanto is up more than 7% for the week and
more than 27% for the year. Newmont Mining (NYSE: NEM ) lost more than 34 cents
per share in early trading but recovered to trade flat around $62.17. Newmont is
up more than 3.4% for the week, 7% for the month and 10% for the quarter. Down
about 0.6% was NetApp (NASDAQ: NTAP ), shedding more than 20 cents to around
$36.30 per share. While up more than 1.6% for the past week on the rebound of
the tech sector, the data storage devices company is down more than 20% for the
month and 30% for the quarter. Jonathan Yates does not own any of the stocks
mentioned in this article.
gains in insurance companies were leading the Standard & Poors 500 Index higher
by more than 18 points, a rise of around 1.6%, to over 1,195. Still down by more
than 4.6% for the year, the S&P is up more than 6.6% for the last week of
trading. Advancing stocks outnumbered those declining by more than 5-to-1.
Property insurer Allstate (NYSE: ALL ) was up more than 6%, picking up about
$1.50 per share to over $26. Allstate was upgraded by UBS on Aug. 11. However,
Allstate is down more than 10% for the month and 20% for the quarter. JDS
Uniphase (NASDAQ: JDSU ) was up more than 7%, about 80 cents, to over $12. The
entire tech sector was up in early-morning buying and selling as it is beginning
to recover on hopes of a stronger economy with possible help from the Fed. For
the past week, JDS Uniphase is up more than 13%. For the quarter, however, it is
down more than 40%. After being punished by Wall Street for disappointing
earnings, Micron Technology (NASDAQ: MU ) continued its recovery with a bump of
more than 30 cents this morning to about $6 a share, a gain of more than 5.6%.
Disappointing second-quarter earnings has Micron Technology down more than 43%
for the quarter and trading more than 34% below its 200-day moving average.
However, on Aug. 25, it received positive recommendations from Wedbush, Sterne
Agee and Barclays Capital. Monsanto (NYSE: MON ) was off around 4% to under $68
per share, dropping about 2.7%. Higher corn prices will increase costs for the
agricultural chemicals company. Monsanto is up more than 7% for the week and
more than 27% for the year. Newmont Mining (NYSE: NEM ) lost more than 34 cents
per share in early trading but recovered to trade flat around $62.17. Newmont is
up more than 3.4% for the week, 7% for the month and 10% for the quarter. Down
about 0.6% was NetApp (NASDAQ: NTAP ), shedding more than 20 cents to around
$36.30 per share. While up more than 1.6% for the past week on the rebound of
the tech sector, the data storage devices company is down more than 20% for the
month and 30% for the quarter. Jonathan Yates does not own any of the stocks
mentioned in this article.
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