Jan 29, 2010

Daily Markets - Financial News & Opinions

Daily Markets - Financial News & Opinions


ETFs You Can Use To Play Windows 7

Posted: 29 Jan 2010 05:01 AM PST

Yesterday, Microsoft (MSFT) beat analyst expectations by posting an increase in net income of 60% and an increase in revenues of nearly 14%.

This outperformance was primarily driven by the launch and release of the software giant’s Windows 7 operating system.  The demand for Microsoft’s new operating system has triggered many personal computer users to update and upgrade their systems.

In fact, according to research firm IDC, personal computer shipments around the world increased by … [visit site to read more]


Seven Ways To Profit From The Obama Administration’s New “Clean Energy Economy” Initiative

Posted: 29 Jan 2010 04:01 AM PST

After Wednesday night’s State of the Union address, the Obama administration has added a new mantra to its lexicon.

Welcome to the “Clean Energy Economy.”

In a speech in which embattled U.S. President Barack Obama badly needed to reinvent himself, the nation’s chief executive focused on initiatives designed to add value to the U.S. economy and create jobs. Clean energy technology was front-and-center as one of those initiatives.

“Providing incentives for energy efficiency and clean … [visit site to read more]


Forex Trading Review For 29/01/2010

Posted: 29 Jan 2010 03:14 AM PST

USD Dollar (USD)

The Dollar continue to strengthen versus most majors yesterday’s FED announcement which helped push the Dollar higher. Durable goods orders rose in December, pointing to a pickup in business investment that will help the U.S. economy grow. Ben Bernanke won Senate approval for a second term as Federal Reserve chairman, as supporters who credited his actions to stem the financial crisis and recession overcame opponents saying he failed to prevent them. NASDAQ and Dow Jones … [visit site to read more]


Obama’s Worrisome Approval Rating

Posted: 29 Jan 2010 03:01 AM PST

Following President Obama’s State of the Union address (on which I posted a short piece yesterday), it makes for interesting reading to consider his approval rating against the background of the historical pattern.
According to Casey’s Daily Dispatch, a study by political scientist Paul Brace shows the general trend for presidents in their first year is down. However, President Obama’s descent is notably worse than the average, as seen on the chart … [visit site to read more]


Apple’s iPad Picks Up Where Amazon’s Kindle Left Off

Posted: 29 Jan 2010 02:40 AM PST

When it unveiled the Kindle e-reader in late 2007, Amazon.com Inc. (AMZN) created a whole new market for digital books, newspapers and magazines.

Now industry innovator Apple Inc. (AAPL) is taking that market to an entirely new level.

After months of spirited speculation, Apple on Wednesday introduced a full-color e-reader that doubles as a netbook.

The media buzz that surrounded the launch of the device - branded the iPad - was certainly overstated. Apple essentially reintroduced … [visit site to read more]


January ETF Roundup: Launches, Filings, And Closures

Posted: 29 Jan 2010 02:00 AM PST

After adding more than 100 new funds and taking in nearly $120 billion in cash in 2009, it seemed that the ETF industry would be hard-pressed to match that impressive pace in 2010. But an action-packed January that saw more than a dozen new funds, setting a pace that would shatter last year's expansion. The ETF screener now contains more than 940 funds, and could surpass the 1,000 ETF mark in the second quarter. 
New ETFs
Highlights from the more than 20 new ETFs to hit the market in … [visit site to read more]


Colombia ETF Bucks The Trend

Posted: 29 Jan 2010 02:00 AM PST

In the final three quarters of 2009, emerging markets took the lead in the global recovery effort, delivering impressive growth rates as the world's developed economies continued to struggle. China and India received the bulk of attention (and cash) from international investors, but South American equity markets had a banner year as well, led by Brazil. The signature moment for South America's largest economy came in early October when Rio was awarded the 2016 summer Olympics, but Brazilian … [visit site to read more]


Forex Trading: Eurozone Money Supply

Posted: 29 Jan 2010 01:05 AM PST

The EUR caught a slight bid after a slightly better than expected money supply number out of the Eurozone which pushed to a new session high of 1.3987, the details are:

M3 Money Supply y/y - Survey: -0.5%   Actual: -0.2%   Prior: … [visit site to read more]


Video: Ford Suspends Van Production In China

Posted: 29 Jan 2010 01:00 AM PST

Ford halted production of the Transit Classic in China. Gas pedals made by the same supplier involved in the Toyota recall, have been attributed for the halt in production. … [visit site to read more]


Mutual Funds: Top Utilities Equity Funds

Posted: 28 Jan 2010 10:59 PM PST

Today, we are featuring top-performing "Utilities” equity mutual funds, which primarily invest in equity securities of utility companies. These companies offer steady interest and dividend income, which is particularly helpful during a recessionary phase.
5 Excellent Utilities Choices
DWS Communications A (TISHX) was incepted in January 1984. This fund seeks long-term capital growth and current income.
The utilities fund invests a large share of its assets in companies in the communications … [visit site to read more]


Mutual Funds: Top Invesco Aim Funds

Posted: 28 Jan 2010 10:17 PM PST

In our Best of Funds Family series, we are focusing today on funds from Invesco Aim, one of the world’s largest and most diversified investment management firms. Invesco Aim manages over $388.7 billion in assets and has operations in 20 countries. We are spotlighting five funds here: three sector funds (Utilities, Technology and Non-US) and two fixed-income funds (Corporate High Yield and National Municipal).
Aim Utilities (FSTUX) seeks income and capital appreciation. It was incepted in June … [visit site to read more]


Bear Of The Day: Micromet, Inc. (MITI)

Posted: 28 Jan 2010 09:00 PM PST

Micromet’s (MITI) third quarter loss per share came in at $0.22, wider than the Zacks Consensus Estimate of $0.14.
Micromet’s re-acquisition of blinatumomab rights from MedImmune is of great significance as the company will be able to re-license the drug at more attractive terms. We believe that the company requires the strength of a large established player to accelerate blinatumomab’s clinical development that seems crucial in order to gain a head-start over potential competitors.
Although … [visit site to read more]


Stock Buy: TRW Automotive Holdings Corp.

Posted: 28 Jan 2010 09:00 PM PST

TRW Automotive Holdings Corporation (TRW) has used cost cutting and restructuring to survive one of the biggest downturns in automobile history. TRW is trading with a forward P/E of 13.09.
Company Description
TRW supplies products for automobiles including integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, seat belts and airbags, electronics and aftermarket replacement parts and services.
TRW operates in 26 countries serving 40 major … [visit site to read more]


Bull Of The Day: Gafisa, S.A. (GFA)

Posted: 28 Jan 2010 09:00 PM PST

We are reiterating our Outperform recommendation on Gafisa S.A. (GFA). We have been encouraged by the Stimulus Package and the tax relief announced by the Brazilian government during 2009 and the strong economic recovery of the Brazilian internal market since the onset of the economic crisis.
Third quarter 2009 results were quite positive, mainly considering the still-difficult international economic environment. The Government Housing Program and the R$600 million debenture from Caixa … [visit site to read more]


Stock Buy: Solutia Inc.

Posted: 28 Jan 2010 09:00 PM PST

Solutia Inc. (SOA) shares are soaring after this week’s earnings news. Earnings per share came in at more than twice the Zacks Consensus Estimate.
Company Description
Solutia makes chemical and engineered materials for consumer and industrial applications. The company’s products range from high-performance nylon polymers and interlayers for laminated glass to chemicals for the rubber industry and hydraulic fluids for aviation.
Crushed Estimates
On Jan 27 Solutia reported quarterly results … [visit site to read more]


Stock Buy: Parker Hannifin Corp.

Posted: 28 Jan 2010 09:00 PM PST

Parker Hannifin Corp. (PH) is stepping up its game in the tough economy, creating a “Win Strategy” to increase operational efficiencies and drive profits. The company’s recent Q2 results came in ahead of expectations.
Company Description
Parker Hannifin Corp. manufactures fluid power systems and electromechanical for a number of different industries worldwide. The company was founded in 1918 and has a market cap of $9.02 billion.
Second-Quarter Results
Sales were up 5.3% from last quarter to … [visit site to read more]


Commodities And The IMF Give Australia ETF A Boost

Posted: 28 Jan 2010 08:01 PM PST

The International Monetary Fund (IMF) likes Australia’s chances this year and in turn, boosted its previous forecast for expansion for the economy. Australia’s exchange traded fund (ETF) could grow on commodities demand from China, the fund says.

China should demand enough commodities from Australia to prompt more growth this year than was previously forecast. Jacob Greber for Bloomberg reports that the IMF says gross domestic product (GDP) will expand 2.5% in 2010 and 3% next year.

Enda … [visit site to read more]


Forex Trading: Key Breakdown In EUR/USD Continues Downtrend

Posted: 28 Jan 2010 07:01 PM PST

Price action on EUR/USD, a daily chart of which is shown, has finally made a tentative breakdown below the 1.4000 support/resistance and psychological barrier, establishing a new 6-month low for the pair. This occurs after a slight bullish retracement that occurred several days ago which formed a small flag-like consolidation pattern. The current tentative bearish breakdown indicates a potential continuation in the new overall downtrend that began after the previous long-term uptrend was broken … [visit site to read more]


Video: The Day Ahead: U.S. 4Q GDP

Posted: 28 Jan 2010 07:00 PM PST

The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]


E*TRADE Reports In Line, Trims Loss

Posted: 28 Jan 2010 03:48 PM PST

E*TRADE Financial Corporation’s (ETFC) fourth-quarter loss of 4 cents per share was in line with the Zacks Consensus Estimate. The loss for the reported quarter significantly narrowed from the loss of 67 cents in the prior quarter and 50 cents in the prior-year quarter.
E*TRADE reported a fourth-quarter net loss of $67.1 million, compared to a loss of $275.6 million a year earlier.
The loss of the online broker reduced from the year-ago quarter, primarily due to lower provision for loan … [visit site to read more]


No comments:

Post a Comment