Daily Markets - Financial News & Opinions |
- Forex Trading: Japan Airlines’ Ongoing Bankruptcy Concerns Weigh On The Yen
- Forex Trading: GBPUSD Watching 1.5881 Level This Morning. Key Level Yesterday, Today And In October 2009
- Indian Stock Market: Sensex Down 57.74 Points On Wednesday (December 30, 2009)
- Coal And Steel ETFs Primed For A Prosperous 2010
- Stock News Briefs: Top AIG Lawyer Gets Millions In Severance; US Consumer Confidence Up Second Month In A Row; Oil Moves Closer To $79
- Stocks To Watch On Wednesday 30 December
- New Platinum ETF Comes Closer To Reality
- Cash In On China’s Shift To Renewable Energy
- Auction Rate Securities Investors Still Unable To Access Their Frozen Funds
- Forex Trading: Eurozone M3 Money Supply & Private Loans
- Mutual Funds: Top Chinese Equity Funds
- Analyst Interviews: Auto Industry Outlook For 2010
- Bull Of The Day: R.R. Donnelley (RRD)
- Stock Buy: SkyWest, Inc.
- Bear Of The Day: Terex Corporation (TEX)
- Stock Buy: Bio-Referance Labs
- Stock Buy: China-Biotics, Inc.
| Forex Trading: Japan Airlines’ Ongoing Bankruptcy Concerns Weigh On The Yen Posted: 30 Dec 2009 04:10 AM PST Thin liquidity continues to be the dominating theme in FX markets and we wouldn’t read too much into the current price action. The EURUSD traded in a 1.4306 to 1.4375 range, while the USDJPY slowly trended higher, moving back to 92.27 from 91.55. The heavy buying of commodity currencies against the JPY seen yesterday tapper off slightly today, but still was weighing on the Yen. The big news was Japanese Airlines ongoing bankruptcy concerns as shares continued to slide which weighing … [visit site to read more]
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| Posted: 30 Dec 2009 03:52 AM PST The GBPUSD found support against the 1.5881 level earlier this today until breaking it's way to the low for the day at the 1.5832 level. The level will be a level to watch today.
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| Indian Stock Market: Sensex Down 57.74 Points On Wednesday (December 30, 2009) Posted: 30 Dec 2009 03:11 AM PST Sensex fell 57.74 points or 0.3 to 17343.82 Of 13 BSE Sectoral indices, 7 posted losses. Sensex Day’s Range: 17440.05 - 17322.80 Sensex gainers included Reliance Infra +1.6%, ACC +1.3%, Grasim … [visit site to read more]
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| Coal And Steel ETFs Primed For A Prosperous 2010 Posted: 30 Dec 2009 03:01 AM PST Steelmakers and steel exchange traded funds (ETFs) are girding themselves for a prosperous 2010 after a prominent analyst forecast higher prices for the metal. Following close behind could be coal prices, which are predicted to surge 30% next year. Recent price hikes for steel from several U.S. steelmakers has put the pressure on for higher steel prices early on next year. First quarter domestic steel prices are anticipated to go up as the pickup in demand will result from a recovery … [visit site to read more]
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| Posted: 30 Dec 2009 02:38 AM PST Top AIG Lawyer Quits Over Pay Restrictions, Gets Millions in Severance; Biggs & Faber: S&P 500 Has Room to Run, Dollar Will Rebound; Consumer Confidence Rises for Second Month in a Row; U.S. Home Prices Unchanged in October; China Audit Finds $35 Billion in Fraud by Officials; GM Holds Fire Sale on Remaining Pontiacs and Saturns; Oil Moves Closer to $79 Outgoing American International Group Inc. (AIG) General Counsel Anastasia Kelly will get “several million dollars” in … [visit site to read more]
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| Stocks To Watch On Wednesday 30 December Posted: 30 Dec 2009 02:32 AM PST ( click to enlarge ) Alcatel-Lucent (ALU) starts showing 'buy’ signals again. The chart of Alcatel is now much improved after Tuesday’s action. The RSI has reversed again the course and stock finally closed above its 13-day moving average, usually this is a Bullish signal. In addition stochastics are showing high oversold conditions, which may bring some buyers back. Key resistance is now $3.35. If it passes that, then we have room to run to next resistance at $3.52. ( click … [visit site to read more]
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| New Platinum ETF Comes Closer To Reality Posted: 30 Dec 2009 02:01 AM PST A long-anticipated physically backed platinum exchange traded fund (ETF) inched a little closer to becoming a reality after the Securities and Exchange Commission (SEC) approved some key rule changes. The launch of the ETFS Platinum Trust and the ETFS Palladium Trust got a step closer as the SEC approved proposed rule changes from NYSE Arca for listing and trading of these ETFs. According to Allen Sykora for The Wall Street Journal, the market took this approval as a green light for … [visit site to read more]
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| Cash In On China’s Shift To Renewable Energy Posted: 30 Dec 2009 01:01 AM PST When investing legend Warren Buffet makes an investment, it makes the front page… usually. Somehow though, when Buffet took a 10% stake in BYD Ltd. ADR (BYDDY.PK) - a small Chinese battery and electric car company - hardly anyone on Wall Street noticed. Unsurprisingly, that wasn’t the smartest thing to do considering that BYD represented a tremendous investment opportunity in its infancy at the time. The company started out in 1993 making lithium-ion batteries for mobile … [visit site to read more]
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| Auction Rate Securities Investors Still Unable To Access Their Frozen Funds Posted: 30 Dec 2009 12:01 AM PST Still they wait. $150 billion dollars. Thousands of investors unable to access THEIR funds frozen in Wall Street’s greatest fraud, that is the world of auction-rate securities. While an initial court ruling against Union Bank of Switzerland defined the sales and distribution of auction-rate securities as a fraud, recent court rulings have shifted the burden of responsibility onto investors. When I worked on Wall Street, I was never involved directly or indirectly with the sales … [visit site to read more]
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| Forex Trading: Eurozone M3 Money Supply & Private Loans Posted: 29 Dec 2009 11:59 PM PST Eurozone M3 Money Supply y/y came in at -0.2%, weaker than the 0.4% forecasted and prior reading of 0.3%.
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| Mutual Funds: Top Chinese Equity Funds Posted: 29 Dec 2009 05:47 PM PST Today we are featuring top-performing "Chinese equity” mutual funds that invest most of their assets in equity securities of companies that trade in China or are related to the Chinese economy.
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| Analyst Interviews: Auto Industry Outlook For 2010 Posted: 29 Dec 2009 04:00 PM PST The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account for 8.4% of the auto market, Honda Motor (HMC) 5.6% and Suzuki 3.8%. Among the Detroit automakers, General Motors (GM) holds 11.9% of the auto market, Ford (F) 7.8% and Chrysler-Fiat 6.4% of the auto … [visit site to read more]
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| Bull Of The Day: R.R. Donnelley (RRD) Posted: 29 Dec 2009 04:00 PM PST We have an Outperform rating on R.R. Donnelley (RRD), a leader in the commercial printing industry. Third quarter results beat Zacks Consensus Estimates. Revenue growth should pick up by 2011 as the recession blows over and demand gains momentum.
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| Posted: 29 Dec 2009 04:00 PM PST SkyWest, Inc. (SKYW) recently reported that its November passenger traffic jumped 9.4% and its load factor also climbed as the company flew fuller planes. SkyWest has attractive valuations, with a forward P/E of just 11.2.
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| Bear Of The Day: Terex Corporation (TEX) Posted: 29 Dec 2009 04:00 PM PST Terex Corporation (TEX) is witnessing declining unit volumes across the board since the second half of 2008, due primarily to deterioration of the North American and European economies. The company expects 2009 net sales to decline by approximately 50% compared to 2008 due to weak global end-markets and constrained credit availability worldwide.
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| Posted: 29 Dec 2009 04:00 PM PST Bio-Reference Laboratories (BRLI) is setting new 52-week highs following its record-breaking quarter.
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| Stock Buy: China-Biotics, Inc. Posted: 29 Dec 2009 04:00 PM PST China-Biotics, Inc. (CHBT) recently rebounded from a long-term trend line on strong Q2 results after dropping from the 52-week high in late October.
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