Daily Markets - Financial News And Opinions |
- International Stocks With Serious Potential « Nick Thomas »
- Is The Sky The Limit For Airline Stocks Like Delta, UAL And US Airways? « Tradesman »
- The Undeniable Power Of Steady Dividends « Nilus Mattive »
- Are You Watching Greece? « Bill Luby »
- Video: U.S. Job Openings And Hirings Face Challenges « NYFP »
- Too Bearish, Too Quickly « Cam Hui »
- Goldman Sachs Drops “F-Bomb” On Alistair Darling « Larry Doyle »
- The TED Spread And Its Implications « Arjun Rudra »
- US And Eurozone Bond Market Outlook « Matteo Radaelli »
- Book Review: “On The Brink” By Henry Paulson « Jacob Wolinsky »
- Forex Trading: Steep Bearish Trend In EUR/JPY « James Chen »
- Video: The Day Ahead: U.S. Trade Balance « NYFP »
- When Mr. Market Takes No Prisoners « Kent Lucas »
- Forex Trading: AUD/USD Likely To Benefit On Increased Appetite For Risk « BrewerFX »
- Will The CFTC Scrutinize Platinum And Palladium ETFs Next? « Tom Lydon »
- How To Make Money In South Florida Real Estate « DailyWealth »
- Elizabeth Warren Exposes JPMorgan CEO Jamie Dimon « Larry Doyle »
- Five ETF Ideas For Contrarian Investors « Michael Johnston »
- The National Anthem — And Why We Need Health Care Reform So Desperately « Robert Reich »
- Stock Picks For Wednesday 10 February: Allied Irish Banks, THQ, Energy Conversion Devices « Antonio Costa »
- A Strategy That Doesn’t Work In A Down Market « Joseph Meth »
- How To Read GDP Reports « Econ Grapher »
- Will The EU “Greece The Wheels?” « Larry Doyle »
- Coventry Tops Zacks Consensus « Zacks Investment Research »
- Daily ETF Roundup: GDX, VGK Jump « Michael Johnston »
- W.R. Berkley Surpasses Estimates « Zacks Investment Research »
- Universal Forest Meets Loss Est « Zacks Investment Research »
- The SEC Takes Aim At 12(b)-1 Fees In ETFs « Tom Lydon »
- Biogen Beats & Guides Higher « Zacks Investment Research »
- Video: McDonald’s January Profit Surges On International Sales « NYFP »
- No Wonder Many Americans Are Pessimistic « Michael Panzner »
- Becton Recalls Catheters « Zacks Investment Research »
- Video: NYSE Closing Bell Market Monitor: CAT, KO, MCD « NYFP »
- CRK Misses On Lower Gas Prices « Zacks Investment Research »
- Video: Front Month Crude Rises As Equities Surge « NYFP »
- Molson Coors Misses Expectations « Zacks Investment Research »
- UBS Profits, Outflows Continue « Zacks Investment Research »
- Biotech ETFs Head-To-Head « Michael Johnston »
- Democratic And Republican Views At Comedic Loggerheads « Daily Reckoning »
- Cognizant Tops Estimates « Zacks Investment Research »
- Pulte Homes Loss Widens « Zacks Investment Research »
- Not Layoffs, But Lack Of New Jobs « Zacks Investment Research »
- Coca Cola Reports In Line « Zacks Investment Research »
- Singapore Stock Market Update For Tuesday 09 February « Vivien Chia »
| International Stocks With Serious Potential « Nick Thomas » Posted: 10 Feb 2010 03:55 AM PST This week we’ll take a closer look at some actual stocks and company-related ETFs you can buy which capitalize on the strength of the company itself and that of its underlying currencies. To help clarify what we looked at last week, here’s two currency charts featuring the following currency ETFs … WisdomTree Dreyfus Brazilian Real Currency ETF (BZF)
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| Is The Sky The Limit For Airline Stocks Like Delta, UAL And US Airways? « Tradesman » Posted: 10 Feb 2010 03:01 AM PST Dow Jones rallied last night after successive losses in previous trading sessions. Along with it, one of the sector stocks that caught my eye is the airline stocks. The sector seems pretty strong despite the wall street selldown last week and the some of the airline stocks are still attempting to break through to higher grounds. UAL (UAUA) and US Airways Group (LCC) are pretty outstanding during last night’s trading session. UAL gapped up on high volume, broke out of consolidation zone … [visit site to read more]
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| The Undeniable Power Of Steady Dividends « Nilus Mattive » Posted: 10 Feb 2010 02:01 AM PST I was both amazed and encouraged by the great turnout I received for my workshop at last week’s MoneyShow. And if you were among the nearly 400 attendees who came to see me speak, I’d like to thank you once again for your time and loyalty. It was an honor to share my opinions with so many passionate, intelligent investors at a live event. And the questions I received were both enlightening AND challenging. In next week’s column, I’m going to tackle some of the questions I didn’t get a … [visit site to read more]
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| Are You Watching Greece? « Bill Luby » Posted: 10 Feb 2010 01:01 AM PST Retail investors in the United States sometimes have difficulty staying on top of events and markets in Europe. In the last week, I have suggested several ways to monitor the status of various pockets of interest in Europe, including Spain (via the iShares MSCI Spain Index ETF, EWP) and the euro. I certainly also could have included the VSTOXX, the volatility index tied to the Dow Jones STOXX 50 index of European companies. While I love proxies, ground zero for the European financial … [visit site to read more]
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| Video: U.S. Job Openings And Hirings Face Challenges « NYFP » Posted: 10 Feb 2010 01:00 AM PST The US Bureau of Labor Statistics reported that there were 2.5 million job openings in December of 2009. Hirings remained little changed, … [visit site to read more]
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| Too Bearish, Too Quickly « Cam Hui » Posted: 10 Feb 2010 12:26 AM PST Just a quick post. In my last post Bulls are losing control I noted that: In the short run, however, Bespoke reports that the S&P 500 is 3 standard deviations below its 50-day moving average - a highly oversold condition. My inner trader tells me to wait for the oversold condition to clear up and watch the market reaction for signs of future direction. Now the Technical Take reports that Rydex timers are getting excessively bearish. In addition, the latest Commitment of Traders report … [visit site to read more]
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| Goldman Sachs Drops “F-Bomb” On Alistair Darling « Larry Doyle » Posted: 10 Feb 2010 12:01 AM PST British Chancellor of the Exchequer Alistair Darling If the taxman is going after the bonus, then don’t be surprised when the financial industry shifts a greater percentage of overall compensation to higher fixed salaries. Recall a few weeks back that the UK Chancellor of the Exchequer Alistair Darling announced an aggressive surcharge on the bonus pools of its banks. Well, it did not take long for the banks to respond and revise their base salary structure. I am happy to … [visit site to read more]
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| The TED Spread And Its Implications « Arjun Rudra » Posted: 09 Feb 2010 11:01 PM PST Many of us have heard about the TED Spread, especially since 2008 when it became a closely followed topic during the credit crisis. While it has fallen below the radar recently, it can always be used to provide a measure of stress (or not) in the credit markets. One current but somewhat localized measure of increasing stress is the basis point spread in the ten year bond yields between Greece and Germany. Concerns about Greek government default have moved that spread from 225 basis points … [visit site to read more]
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| US And Eurozone Bond Market Outlook « Matteo Radaelli » Posted: 09 Feb 2010 10:01 PM PST Since its inception, we have not incorporated any bond asset class categories in our Top Down Portfolio. This is simply because the “Top Down Portfolio” is designed to replicate the asset allocation of a diversified macro hedge fund and is therefore well suited for the most aggressive section of any active investor’s portfolio. Considering our preference for momentum strategies, we have seen many equity markets (especially emerging markets) and some currency exchange rates (i.e. … [visit site to read more]
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| Book Review: “On The Brink” By Henry Paulson « Jacob Wolinsky » Posted: 09 Feb 2010 09:01 PM PST My most recent book is On the Brink: Inside the Race to Stop the Collapse of the Global Financial System by Henry Paulson. Henry Paulson was former CEO of Goldman Sachs (GS) and Treasury Secretary from 2006-2009. The book was released on Feb 1, 2010 and as of this writing is the fourth best selling book on Amazon.com. I will be honest that I was the most excited for this book. I can not think of anyone who was more on the front lines throughout the crisis than Henry Paulson. The only … [visit site to read more]
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| Forex Trading: Steep Bearish Trend In EUR/JPY « James Chen » Posted: 09 Feb 2010 07:20 PM PST Price action on EUR/JPY, a daily chart of which is shown, has reached down and made a tentative bounce off key support in the general 122.00 price region. This occurs after the currency pair broke a long sideways consolidation by breaking down below another key support level in the 127.00 price region. The substantial recent bearishness in the pair established a new 11-month low late last week before making the current tentative bounce. Despite the bounce, price action is currently following a … [visit site to read more]
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| Video: The Day Ahead: U.S. Trade Balance « NYFP » Posted: 09 Feb 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]
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| When Mr. Market Takes No Prisoners « Kent Lucas » Posted: 09 Feb 2010 06:50 PM PST Mr. Market often takes no prisoners on a downswing - creating attractive opportunities to cheaply purchase stocks that were unnecessarily penalized. While it’s an ambiguous and dangerous market environment to be investing in right now, I want to show you how volatile times like these can cause a mispricing of securities whose fundamentals remain attractive. Sometimes Mr. Market doesn’t take the time to figure out which stocks should really be priced higher or lower. That’s an inefficient … [visit site to read more]
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| Forex Trading: AUD/USD Likely To Benefit On Increased Appetite For Risk « BrewerFX » Posted: 09 Feb 2010 06:45 PM PST The AUD USD and NZD USD benefitted from renewed demand for higher yielding commodities and equities. These two pairs have taken a beating lately as traders dumped asset-related currencies during the height of the Greek sovereign debt crisis. The failure of the Reserve Bank of Australia to raise rates at its last meeting and the weak New Zealand economic reports pressured both currencies. In addition, China’s decision to begin raising interest rates while cutting back on its stimulus programs … [visit site to read more]
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| Will The CFTC Scrutinize Platinum And Palladium ETFs Next? « Tom Lydon » Posted: 09 Feb 2010 05:50 PM PST Exchange traded funds (ETFs) tracking precious metals such as platinum and palladium have garnered so much in assets that could eventually attract the regulating eye of the Commodity Futures Trading Commission (CFTC). The glowing success of the new precious metals tracking ETFs - ETFS Physical Palladium (PALL) and ETFS Physical Platinum (PPLT) - could catch the eyes of regulators, much the way that natural gas ETFs were scrutinized last year. Ian Salisbury for The Wall Street Journal … [visit site to read more]
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| How To Make Money In South Florida Real Estate « DailyWealth » Posted: 09 Feb 2010 05:01 PM PST Ah… 70 degree weather, with toes in the sand… While the East Coast was hit with a record snowstorm over the weekend, my wife and I spent a few days away from it all in Palm Beach, Florida. Palm Beach County is a fantastic place to be in the winter. But I was shocked reading the local papers. Practically everyone in Palm Beach County, it seems, is underwater on their mortgage… A full 20% of Palm Beach County mortgage holders are 90 or more days late on their payments. The … [visit site to read more]
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| Elizabeth Warren Exposes JPMorgan CEO Jamie Dimon « Larry Doyle » Posted: 09 Feb 2010 04:01 PM PST Elizabeth Warren and Jamie Dimon How is it that some people are able to aggressively promote the virtues of truth, transparency, and integrity within our financial system while others would seem to talk a good game but do not truly walk the walk? The key, in my mind, is that the former are not beholden to a constituency focused on short term maximization of profits and revenues. Who is distinguishing herself as a leader in this category? Elizabeth Warren, the current chair of the … [visit site to read more]
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| Five ETF Ideas For Contrarian Investors « Michael Johnston » Posted: 09 Feb 2010 03:58 PM PST Markets have been off to a rough start in 2010 with most major benchmarks falling more than 5% year-to-date and sparking fresh fears over a double-dip recession. Relatively few asset classes have gone unscathed as equities, both domestic and international equities have dropped in tandem with commodities. While some see this as a long-overdue downward correction, others see a possible buying opportunity to scoop up quality funds at discount prices.
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| The National Anthem — And Why We Need Health Care Reform So Desperately « Robert Reich » Posted: 09 Feb 2010 03:55 PM PST My health insurer here in California is Anthem Blue Cross. When I first opted for it, it was just called Blue Cross. Then, a year or so back, I was notified that an entity called "Anthem" would now be running my insurance policy. I didn't think much about it at the time. I've had the usual problems most people have with their health insurers – confusing bills, co-payments and deductibles that never seem to add up, a bureaucracy that gives every impression of being more interested in … [visit site to read more]
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| Posted: 09 Feb 2010 03:12 PM PST ( click to enlarge ) Allied Irish Banks (AIB) looks like it wants to make an upside move. If Tuesday’s move was the start, I want to be buyer once it breaks through resistance highs of $3.37. The stock remains in a downtrend contained with the lower Bollinger Band, but appears to be basing as a possible double bottom at $3 may be taking shape. Nevertheless the price action only appears to be cautiously bullish and I would need to see more momentum to be more confident that a turn … [visit site to read more]
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| A Strategy That Doesn’t Work In A Down Market « Joseph Meth » Posted: 09 Feb 2010 03:05 PM PST All the pro’s who come on the air to sell their latest safe, conservative long position make me laugh. Do they really believe that there is such a thing? Are there any stocks to move into that can insulate against a bear market? How have individual stocks fared since the recent high close of 1150 on January 19? The Telechart database categorizes just over 6810 charts they as “Stocks”. When you strip out ETFs, companies that no longer trade due to mergers and acquisitions, shell … [visit site to read more]
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| How To Read GDP Reports « Econ Grapher » Posted: 09 Feb 2010 03:01 PM PST A country’s Gross Domestic Product, or GDP, is one of the most accepted and widely recognized metrics for gauging the level of activity in an economy. Yet there are many pitfalls in analyzing GDP to provide quality insights for investment strategy, market timing, and understanding broader economic themes that are playing out. This article serves as a primer for those with limited-to-medium knowledge about using GDP metrics, and takes a markets and investment perspective. It’s also … [visit site to read more]
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| Will The EU “Greece The Wheels?” « Larry Doyle » Posted: 09 Feb 2010 03:01 PM PST The recent market volatility reflects the fact that our overall economic and market foundations are anything but secure. In fact, dare I say the market over the last few weeks resembles a rollercoaster. While our market rollercoaster, with Uncle Sam’s assistance, climbed the wall of worry in 2009, so far in 2010 we are cascading along and taking some hard turns at full speed. Keep those seats belt fastened. What has precipitated our 1% upward move this morning? News from the Euro-zone … [visit site to read more]
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| Coventry Tops Zacks Consensus « Zacks Investment Research » Posted: 09 Feb 2010 02:55 PM PST Coventry Health Care, Inc. (CVH) reported fourth quarter fiscal 2009 earnings of 74 cents per share from continuing operations, which was above the Zacks Consensus Estimate of 56 cents. The company earned 55 cents from continuing operations in the year-ago quarter.
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| Daily ETF Roundup: GDX, VGK Jump « Michael Johnston » Posted: 09 Feb 2010 02:39 PM PST Global equity markets received a much-needed bump on Tuesday, as rumors of a backstop to Greece's financial mess calmed fears and sent stocks sharply higher. Elsewhere, Iran announced that it had begun enriching low-grade uranium for use in a medical research reactor, setting the stage for another round of warnings from the international community.
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| W.R. Berkley Surpasses Estimates « Zacks Investment Research » Posted: 09 Feb 2010 02:37 PM PST W.R. Berkley's (WRB) fourth quarter earnings of 71 cents per share were ahead of the Zacks Consensus Estimate of 68 cents. In the year-ago quarter, the company had reported earnings of 74 cents per share. Earnings for the reported quarter were helped by an increase in net investment income, partially offset by lower premiums earned.
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| Universal Forest Meets Loss Est « Zacks Investment Research » Posted: 09 Feb 2010 02:21 PM PST Universal Forest Products, Inc. (UFPI) announced fourth quarter and full year 2009 results. During the quarter, Universal Forest posted a net loss of $0.66 million or $0.03 per share compared to a net loss of $0.79 million or $0.04 in the fourth quarter of 2008. The reported EPS exactly matched with the Zacks Consensus Estimate of a net loss of $0.03.
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| The SEC Takes Aim At 12(b)-1 Fees In ETFs « Tom Lydon » Posted: 09 Feb 2010 02:01 PM PST The Securities and Exchange Commission (SEC) is cracking down on the mutual fund and exchange traded fund (ETF) industry. The target of its ire: 12(b)-1 fees. SEC Chairman Mary Schapiro says that they will begin to move on the issue of 12(b)-1 fees collected by brokers this year, reports Sara Hansard for InvestmentNews. 12b-1 fees are a way for fund companies to pass on the costs of marketing, record-keeping and commissions to the investor. The fees are capped at 0.25%, and the investor … [visit site to read more]
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| Biogen Beats & Guides Higher « Zacks Investment Research » Posted: 09 Feb 2010 02:01 PM PST Biogen Idec Inc. (BIIB) reported fourth quarter earnings per share of $1.18, beating the Zacks Consensus Estimate of $1.05. The company reported earnings of 91 cents in the year-ago period.
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| Video: McDonald’s January Profit Surges On International Sales « NYFP » Posted: 09 Feb 2010 01:59 PM PST McDonald’s announced that its January same-store sales surged above expectations due to a large increase in international sales. … [visit site to read more]
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| No Wonder Many Americans Are Pessimistic « Michael Panzner » Posted: 09 Feb 2010 01:58 PM PST At first glance, today’s report from the U.S. Bureau of Labor Statistics that job openings rose 2.6 percent in December from a month earlier could be seen as a positive sign for the labor market, especially considering that official jobless totals have declined for three straight months (through January).
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| Becton Recalls Catheters « Zacks Investment Research » Posted: 09 Feb 2010 01:47 PM PST Becton, Dickinson and Company (BDX) recently started expanding the recall of its catheters as a result of a manufacturing problem that could cause fatal embolisms or blood leakage. Becton is recalling its defective Q-Syte Luer Access Devices and Nexiva Closed IV Catheter Systems. The company started the initial recall of these products on Oct 28, 2009.
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| Video: NYSE Closing Bell Market Monitor: CAT, KO, MCD « NYFP » Posted: 09 Feb 2010 01:43 PM PST The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more]
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| CRK Misses On Lower Gas Prices « Zacks Investment Research » Posted: 09 Feb 2010 01:32 PM PST Oil and natural gas firm Comstock Resources Inc. (CRK) reported weaker-than-expected fourth quarter results as low natural gas prices more than offset a rise in production volumes. The loss from operations came in at 15 cents per share, much wider than the Zacks Consensus Estimate of 7 cents. In the year-ago period, the company earned 22 cents per share (adjusted for after-tax impairment charges). Oil and gas sales were down 9.9% year-over-year to $90.2 million.
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| Video: Front Month Crude Rises As Equities Surge « NYFP » Posted: 09 Feb 2010 01:27 PM PST Light, sweet crude for March delivery rose this session as US equities surged and the US dollar weakened. … [visit site to read more]
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| Molson Coors Misses Expectations « Zacks Investment Research » Posted: 09 Feb 2010 01:20 PM PST Molson Coors Brewing Co.'s (TAP) second-quarter earnings came in at $222.1 million, compared to $93.7 million in the year-ago quarter. Excluding certain one-time items, pro forma earnings came in at $1.02 per share, which missed the Zacks Consensus Estimate of $1.10 per share derived from 9 covering analysts. The worse-than-expected results were primarily caused by sluggish volumes and cost inflation in the U.S. and the U.K.
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| UBS Profits, Outflows Continue « Zacks Investment Research » Posted: 09 Feb 2010 01:08 PM PST UBS AG (UBS) has reported a fourth quarter net profit of CHF 1.21 billion ($1.1 billion) compared to a loss of CHF 564 million in the prior quarter and a loss of CHF 9.56 billion in the year-ago quarter. This is the first positive quarter since the third quarter of 2008. Results were aided by lower costs and a tax credit. However, the company experienced an increase in client money outflows.
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| Biotech ETFs Head-To-Head « Michael Johnston » Posted: 09 Feb 2010 01:03 PM PST As the ETF industry has grown by leaps and bounds in recent years, continued innovation has enabled investors to achieve more granular exposure than ever through exchange-traded products. Diversified ETFs targeting relatively narrow sectors of the domestic and global economy have multiplied, including funds targeting the [[airline]], [[gaming]], insurance, [[gold mining]], timber, and [[food and beverage]] industries.
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| Democratic And Republican Views At Comedic Loggerheads « Daily Reckoning » Posted: 09 Feb 2010 01:00 PM PST First, the politicians appeared on the comedy shows… and now the comedians and talking heads can themselves represent the political debate. The laugh-ability of politics is almost getting too serious, or the other way around? At least it's often funny, like this memorable moment:
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| Cognizant Tops Estimates « Zacks Investment Research » Posted: 09 Feb 2010 12:54 PM PST Cognizant Technology Solutions Corporation (CTSH) reported revenues of $902.7 million in the fourth quarter, up 20% year over year and up 6% sequentially. Earnings per share (EPS) came in at 50 cents compared to 41 cents in the year-ago quarter and beat the Zacks Consensus Estimate of 46 cents.
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| Pulte Homes Loss Widens « Zacks Investment Research » Posted: 09 Feb 2010 12:38 PM PST Pulte Homes (PHM) has shown a loss of $835 million or $2.21 per share (before special items) for the fourth quarter of 2009, driven by weak demand for new homes. This is much broader than the loss of $480 million or $1.89 per share (before special items) in the same quarter a year ago and the Zacks Consensus Estimate of 17 cents per share.
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| Not Layoffs, But Lack Of New Jobs « Zacks Investment Research » Posted: 09 Feb 2010 12:27 PM PST When the Bureau of Labor Statistics puts out its monthly employment report like it did last Friday, the number of jobs gained or lost is the net number between jobs lost and jobs gained. Today, they put out a more detailed picture — but for December, not January — in what is known as the Job openings and Labor Turnover Survey (JOLTS).
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| Coca Cola Reports In Line « Zacks Investment Research » Posted: 09 Feb 2010 12:24 PM PST Coca Cola Company (KO) reported fourth quarter 2009 results with earnings of 66 cents per share, which was in line with the Zacks Consensus Estimate. Earnings were up 3.0% year-over-year.
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| Singapore Stock Market Update For Tuesday 09 February « Vivien Chia » Posted: 08 Feb 2010 05:19 PM PST Morning Highlights SingTel today announced that its net profit for the quarter ended 31 December 2009 rose 24% to S$991 … [visit site to read more]
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