Daily Markets - Financial News & Opinions |
- Five Fundamental Reasons Gold Will Hit $5,000
- Schwab Launches New Emerging Markets (SCHE), International Small Cap (SCHC) ETFs
- Skype Beefing Up
- Airbus Flies Past Boeing
- Global X Launches China Materials ETF (CHIM)
- China Mobile Has 5.5M 3G Users
- Stock Market News Briefs: Alcon Inc, Arcelor Mittal, Cadbury PLC, Citigroup Inc., Goldman Sachs Group, Inc. (The), Hershey Foods Corporation, Kraft Foods Inc., PPG Industries, Inc., Rio Tinto Plc, Apple Inc., EBay Inc.
- Cotton’s Consolidation Continues
- Linear Tops, Guidance Strong
- Forex Trading: EURUSD Can’t Break Below The Floor At 1.4458
- Sealy Reports Quarterly Profit
- Stocks To Watch On Thursday 14 January
- Forex Trading: GBPUSD Coiling For A Move? The Battle Lines Are Set
- Forex Trading: USDJPY Hurt The Most On The Worse Than Expected Data
- France Takes Action Against Bankers; Will It Help ETF?
- Forex Trading: EURUSD Moves Up To Upside Resistance And Stalls
- Forex Trading: USDJPY Waiting For Direction Clues As It Stalls At Support/resistance
- Indian Stock Market: Sensex Up 75.07 Points On Thursday
- Forex Trading: EURUSD Starts The NY Day Testing The 100 Hour MA
- Mutual Funds: Top Non-US Equity Funds
- Stock Buy: Harris Corp.
- Bull Of The Day: Whirlpool Corp. (WHR)
- Bear Of The Day: SIRIUS XM Radio (SIRI)
- Stock Buy: Encore Capital Group, Inc.
- Stock Buy: Whirlpool Corporation
- Stock Buy: Micrus Endovascular Corp.
- Bernanke’s Fed Hits Rock Bottom
- Ericsson Wins 4G Bid
| Five Fundamental Reasons Gold Will Hit $5,000 Posted: 14 Jan 2010 07:45 AM PST Let me get right to the point. Gold’s going to $5,000 an ounce. I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy. But for a whole host of reasons, $5,000 may well end up being a conservative estimate. So before you start posting comments that I’ve gone bonkers, hear me out… In 2001, gold traded as low as $255 an ounce. Within eight years, its price had quadrupled to more than $1,100 an ounce. How many investors thought that was … [visit site to read more]
|
| Schwab Launches New Emerging Markets (SCHE), International Small Cap (SCHC) ETFs Posted: 14 Jan 2010 07:15 AM PST Charles Schwab, the long time discount broker that made its initial foray into the ETF market late last year, is expand its ETF product line with the addition of two new funds: the Schwab Emerging Markets Equity ETF (SCHE) and the Schwab International Small-Cap Equity ETF (SCHC). These new ETFs join Schwab's International Equity ETF (SCHF), along with four existing products focusing on domestic markets.
|
| Posted: 14 Jan 2010 07:00 AM PST eBay Inc's (EBAY) communications wing, Skype is building its management team. The company, in which eBay retains a 30% stake has appointed former Sony (SNE)-Ericsson (ERIC) president, Miles Flint to chair its new 17-member board. Thomson-Reuters (TRI) head of collaboration services and Asian sales is also joining Skype as the new General Manager and Vice President of its business-to-business (B2B) operations. Given their backgrounds, it appears that Skype is intent on … [visit site to read more]
|
| Posted: 14 Jan 2010 06:45 AM PST Boeing Company (BA) was summarily beaten by its traditional rival Airbus in fiscal 2009 in terms of commercial airplane delivery and order booking. Airbus delivered 498 airplanes in 2009 and recorded 271 net orders, compared to Boeing's 481 commercial airplanes delivered and 142 net orders. Airbus estimates it won orders valued at a net $30.3 billion in fiscal 2009, or 54% of all worldwide orders for aircraft larger than 100 seats. Airbus has a backlog of 3,488 airplanes, valued at … [visit site to read more]
|
| Global X Launches China Materials ETF (CHIM) Posted: 14 Jan 2010 06:38 AM PST Global X, the issuer behind funds offering exposure to the economies of Colombia and the Nordic region, announced the launch of its newest sector-specific China ETF today. The China Materials ETF (CHIM) will be the latest addition to the line of ETFs offering targeted exposure to the economy of China, which already includes five sector funds offering exposure to energy (CHIE), industrials (CHII), consumer (CHIQ), technology (CHIB), and financials (CHIX).
|
| China Mobile Has 5.5M 3G Users Posted: 14 Jan 2010 06:30 AM PST China Mobile (CHL), the world's largest mobile operator by subscribers, has reportedly exited 2009 with 5.51 million 3G subscribers and 87,000 3G base stations. The company's 3G network is based on the home-grown TD-SCDMA standard. Moreover, China Mobile plans to complete nationwide deployment of its 3G network in 2010 instead of 2011. The carrier is targeting at least 70,000 3G cell towers in 2010 to expand national 3G network coverage. The company has earmarked approximately … [visit site to read more]
|
| Posted: 14 Jan 2010 06:26 AM PST Goldman Sachs (GS) said Apple (AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing Rio Tinto (RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the fourth quarter on greater demand from Chinese steel mills BNP Paribas upgraded Arcelor Mittal (MT), noting “steelmakers appear to have the upper hand on prices at present.” Reports … [visit site to read more]
|
| Cotton’s Consolidation Continues Posted: 14 Jan 2010 06:17 AM PST Fundamentals
|
| Posted: 14 Jan 2010 06:15 AM PST Linear Technology's (LLTC) second quarter earnings beat the Zacks consensus by 11 cents. Revenue beat the consensus by 4.0%. We also expect the entire peer group, including Maxim Integrated Products (MXIM), Intersil Corporation (ISIL) and Semtech (SMTC) to report above expectations. The stock fell 1.9%, probably on account of the better-than-expected earnings falling below the year-ago quarter. Revenue Revenue of $256.4 million was up 8.6% sequentially and 2.9% … [visit site to read more]
|
| Forex Trading: EURUSD Can’t Break Below The Floor At 1.4458 Posted: 14 Jan 2010 06:10 AM PST The EURUSD pushed the support at the 1.4458, reaching a low of 1.4463, but was not able to break through the floor support. The 100 hour MA remains as topside resistance at the 1.4492 level. The market remains … [visit site to read more]
|
| Sealy Reports Quarterly Profit Posted: 14 Jan 2010 06:00 AM PST Sealy Corp. (ZZ), the largest global manufacturer of bedding products, has reported strong fiscal 2009 fourth quarter results with earnings of 2 cents per share compared to a loss of 45 cents in the year-earlier quarter. The earnings also exceeded the Zacks Consensus Estimate by a penny. The better-than-expected results were primarily driven by robust sales particularly in the U.S. and reduced operating costs through continued improvements in manufacturing efficiencies, partially offset by … [visit site to read more]
|
| Stocks To Watch On Thursday 14 January Posted: 14 Jan 2010 05:30 AM PST ( click to enlarge ) Wednesday, CTIC broke out of a consolidation range as the stock closed up $.17 on the day. Wednesday's high was $1.40, which is resistance for Thursday's continuation move. Further rally could be seen to retest $1.523 medium term resistance. As long as the stock stay above 1.22 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. ( click to enlarge ) (PKD) closed positive on … [visit site to read more]
|
| Forex Trading: GBPUSD Coiling For A Move? The Battle Lines Are Set Posted: 14 Jan 2010 05:26 AM PST The GBPUSD seems to be coiling for a move. The topside resistance at the 100 day MA was broken on the weaker data, but EURUSD weakness led to selling pressure back down in the GBPUSD in sympathy. The price fell to support against the 100 and 200 bar MA on the 5 minute chart at the 1.6281/85 level. Now the price is in between the two key levels - the 100 day MA and the 100 bar MA on the 5 minute chart. The lines in the sand are drawn.
|
| Forex Trading: USDJPY Hurt The Most On The Worse Than Expected Data Posted: 14 Jan 2010 04:57 AM PST The USDJPY gapped lower on the worse than expected data out of the US and has now moved below the 91.32, the downside target on a break lower (SEE PRIOR POST). The pair moved below the key 200 bar MA on the 5 minute chart at the 91.64 level, retraced to high of 91.60, and fell sharply. The market closed yesterday at 91.36 which will be watched as topside resistance now. 91.28 was the low prior to the last move lower. If the bearish bias is to continue watch for these … [visit site to read more]
|
| France Takes Action Against Bankers; Will It Help ETF? Posted: 14 Jan 2010 04:45 AM PST France has had enough of bankers flaunting their wealth. The French government has begun taking steps to tax highly paid traders who helped cause the financial crisis. The country, along with its related exchange traded fund (ETF), is expanding and the government hopes to maintain stable growth through the year. In an attempt to force banks to take more responsibility, the French government approved a draft bill that will apply a 50% tax on 2,500 traders who earned bonuses of more than … [visit site to read more]
|
| Forex Trading: EURUSD Moves Up To Upside Resistance And Stalls Posted: 14 Jan 2010 04:37 AM PST As per the prior post the EURUSD has found resistance against thte 1.4518 level after the weaker than expected data and no real surprises from Trichet's comments so far at least. The 100 bar MA on the 5 minute chart is at 1.4516 (blue line in the chart above) . The 200 bar is at 1.4520 currently (green line chart above). A move above should lead to further gains with 1.4545 the next target level above followed by double top today at 1.4555.
|
| Forex Trading: USDJPY Waiting For Direction Clues As It Stalls At Support/resistance Posted: 14 Jan 2010 04:16 AM PST The USDJPY is awaiting a directional clue perhaps from the economic data to be released at 8:30 AM. The market moved up today to test the 100 hour MA at the 91.89 level, reached a high of 92.03, but could not sustain the move, nor get close to the next confirming target at the 200 hour MA.
|
| Indian Stock Market: Sensex Up 75.07 Points On Thursday Posted: 14 Jan 2010 04:04 AM PST Sensex rose 75.07 points or 0.4 to 17584.87 Of 13 BSE Sectoral indices, 10 posted gains. Sensex Day’s Range: 17628.04 – 17525.71 Sensex gainers included Reliance Comm +4.1%, Wipro +3.6%, Reliance Industries +3%, … [visit site to read more]
|
| Forex Trading: EURUSD Starts The NY Day Testing The 100 Hour MA Posted: 14 Jan 2010 03:36 AM PST The 100 hour moving average for the EURUSD comes in at the 1.4487 and NY is testing that moving average as they enter. The EURUSD has been consolidating over the last 3+ day after moving higher on Monday. The price has been in a narrow trading range during that time staying between 1.4458 and 1.4579. The 121 pips is narrow and the market is likely to extend outside the range at some point - or at least you would think.
|
| Mutual Funds: Top Non-US Equity Funds Posted: 13 Jan 2010 10:54 PM PST Today we are featuring top-performing "Non-US” equity mutual funds, which primarily invest in equity securities of companies located outside the US, in both developing and emerging markets. Such mutual funds offer two clear benefits. First, they provide a less risky means of exposure to emerging markets than stocks. Second, the funds can act as a hedge against the dollar's decline.
|
| Posted: 13 Jan 2010 09:00 PM PST Harris Corp. (HRS) is outperforming the market on bullish forecasts. Analysts polled by Zacks are calling for earnings of $3.86 per share for the fiscal year ending June 2010, an upward revision of 54 cents over the past 3 months.
|
| Bull Of The Day: Whirlpool Corp. (WHR) Posted: 13 Jan 2010 09:00 PM PST Whirlpool Corporation (WHR) is set to benefit from greater geographic flexibility in the face of deteriorated conditions in the U.S. and European markets. It enjoys a brand image developed through continued investment in innovating new products.
|
| Bear Of The Day: SIRIUS XM Radio (SIRI) Posted: 13 Jan 2010 09:00 PM PST We downgrade our recommendation for SIRIUS XM Radio (SIRI) to Underperform following the emergence of alternative technology of commercial-free Internet radio and extremely poor financial condition of the company.
|
| Stock Buy: Encore Capital Group, Inc. Posted: 13 Jan 2010 09:00 PM PST Encore Capital Group, Inc. (ECPG) continues to trade at excellent valuations and analysts are projecting excellent growth over the next few years.
|
| Stock Buy: Whirlpool Corporation Posted: 13 Jan 2010 09:00 PM PST Whirlpool Corporation (WHR) has seen international sales jump, especially in Brazil. WHR is trading with a forward P/E of 13.03.
|
| Stock Buy: Micrus Endovascular Corp. Posted: 13 Jan 2010 09:00 PM PST Micrus Endovascular Corp. (MEND) is up huge over the last nine months after bottoming out with the overall market in early 2009. The company’s strong Q3 results from November gave shares an extra push higher.
|
| Bernanke’s Fed Hits Rock Bottom Posted: 13 Jan 2010 04:19 PM PST In shuffling around trillions of dollars in stimulus and bailouts, Ben Bernanke and the Fed have performed more than a few daredevil stunts with the American taxpayers' checkbook. As for gauging his success…
|
| Posted: 13 Jan 2010 03:47 PM PST LM Ericsson Telephone Company (ERIC) has emerged as the sole supplier of next generation radio base stations in the Nordic and Baltic countries. TeliaSonera has selected it as the sole vendor for next generation coverage in 25 of the largest municipalities in Sweden and the four largest municipalities in Norway, including Oslo.
|
| You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment