Daily Markets - Financial News And Opinions |
- Gold Is Showing Signs Of Being Oversold « Frank Holmes »
- The Silver ETF (SLV) Has Nowhere To Go But Up « David Bettencourt »
- Forex Trading: Potential Bearish Breakdown Of Consolidation In GBP/USD « James Chen »
- WisdomTree (WSDT) Reports 2009 Earnings « Michael Johnston »
- Are Diamonds In The Cards For Coal? « Frank Holmes »
- Economic Recovery: Demanding More Purchasing Power « Daily Reckoning »
- New Orleans Saints Are Superbowl Champs, But What Of The Commercials? « Chris Krasowski »
- The Week Ahead In US: Retail Sales And U.Michigan Consumer Confidence Index « Matteo Radaelli »
- Daily ETF Roundup: GDX Drops 3.8%, DBA Jumps « Michael Johnston »
- Telefonica To Buy More Unicom « Zacks Investment Research »
- Video: NYSE Closing Bell Market Monitor: HD, HAS, CIT « NYFP »
- Smith Int’l Plans Acquisitions « Zacks Investment Research »
- The Next Phase Of My Evaluation « Michael Panzner »
- Video: Crude Quiet To Start The Week « NYFP »
- Video: Newport Cigarette Maker Lorillard’s 4Q Goes Up In Smoke « NYFP »
- ProShares Plans 300% Leveraged ETFs « Michael Johnston »
- Economic, News And US Earnings Reports For The Week Of February 8 - 12 2010 « KhronoStock »
- Berkshire Rating Cut On Debt Issue « Zacks Investment Research »
- Equity Market Correction A One Quarter Event « Daily Reckoning »
- How The Shipping ETF Is Charting Its Course « Tom Lydon »
- Alkermes Retains Neutral Rec « Zacks Investment Research »
- Novatel Gets Downgraded « Zacks Investment Research »
- Five ETFs For A Trade War With China « Michael Johnston »
- MICROS Beats Estimates « Zacks Investment Research »
- Trends In Gold, 10 Year Treasury Yields, And Crude Oil « Guy Lerner »
- Magellan’s Net Income Rises « Zacks Investment Research »
- 3 Reasons For Optimism Found In Canada’s ETF « Tom Lydon »
- Top-Line Increases At AppliedMicro « Zacks Investment Research »
- China Mobile Touts Ophone Plan « Zacks Investment Research »
- American Axle Swings To Profit « Zacks Investment Research »
- Investing In Japan: Two Ways To Play Its Stock Market Revival « Alexander Green »
- Forex Trading: EURUSD Looking For Direction. Testing The Support Levels « Greg Michalowski »
- Nippon Telephone Outperforms « Zacks Investment Research »
- What The Past Tells Us « Daily Reckoning »
- U.S. Oil Consumption Still Weak « Zacks Investment Research »
- Loews Corp Reports Profit « Zacks Investment Research »
- Essential Employees In The Government Growth Industry « Daily Reckoning »
- FII Initiated As Neutral « Zacks Investment Research »
- FX Options Weekly Outlook « Ise Options »
| Gold Is Showing Signs Of Being Oversold « Frank Holmes » Posted: 08 Feb 2010 05:50 PM PST The U.S. dollar was up last week against the euro out of fear of how debt problems in Greece and elsewhere in Europe will be resolved, and as a result gold had a tough week. The dollar’s rally appears to be a short-term safe haven move, rather than a response to improving economic conditions in the U.S. In fact, Friday’s report of a net loss of 20,000 jobs in December (the expectation was for a net gain in employment) and that many thousands more would-be workers have given up looking for … [visit site to read more]
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| The Silver ETF (SLV) Has Nowhere To Go But Up « David Bettencourt » Posted: 08 Feb 2010 05:30 PM PST “Gold is on another amazing run, breaking $1,000 and not looking back. IDE’s Rusty McDougal thinks it still has lots of room to move up. I agree. But I have something much better than gold for you right now. It’s a metal whose supply and demand is completely out of whack… I’m talking about silver. Because the world’s stockpile of this metal has taken a tumble of historical proportions,” Howe Street Reports. “In 1950, silver companies were maintaining a 10 billion-ounce stockpile. It … [visit site to read more]
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| Forex Trading: Potential Bearish Breakdown Of Consolidation In GBP/USD « James Chen » Posted: 08 Feb 2010 05:01 PM PST Price action on GBP/USD, a daily chart of which is shown, has finally begun to show a bearish emergence from the sideways consolidation that has characterized this currency pair on a long-term basis for several months now. A clean breakdown below the 1.5700 support region last Friday represented a tentative breakdown below the consolidation, in line with a medium-term downtrend that has been in place since mid-November 2009. In the process of this breakdown last Friday, the pair has established … [visit site to read more]
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| WisdomTree (WSDT) Reports 2009 Earnings « Michael Johnston » Posted: 08 Feb 2010 04:16 PM PST WisdomTree, the New York-based ETF issuer best known for its line of fundamentals-weighted and currency ETFs, reported on Monday its operating results for the fourth quarter of 2009. Most ETF issuers are either privately held or operated as divisions of larger public companies, meaning that gaining insight into the financial health of the industry can be challenging. So WisdomTree's results are often eagerly-anticipated within the ETF community since they shed some light on an otherwise murky … [visit site to read more]
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| Are Diamonds In The Cards For Coal? « Frank Holmes » Posted: 08 Feb 2010 04:01 PM PST While many market forecasters are expecting a slowdown in commodity demand due to a reduction in stimulus around the globe, coal is one commodity that’s expected to stand strong. The reason coal prices are expected to remain buoyant is unprecedented demand from China. As the chart shows, China moved from a net exporter to a net importer of coal last year and a big jump in the amount of coal imported is expected. The amount of coal imported into China is forecasted to balloon to more … [visit site to read more]
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| Economic Recovery: Demanding More Purchasing Power « Daily Reckoning » Posted: 08 Feb 2010 04:00 PM PST What a delight it would be to have some inflation! Yes, dear reader, that's the real reason that fiscal stimulus appears to work. That is, that's the reason inflation can sometimes boost employment. It creates inflation. And inflation lowers wages. Lower wages make it cheaper to hire people. And they make US output more competitive on the world market – so exports tend to increase.
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| New Orleans Saints Are Superbowl Champs, But What Of The Commercials? « Chris Krasowski » Posted: 08 Feb 2010 03:22 PM PST A football team embraced by a city as escapism; and for the excitement it provided the residents of New Orleans following the disastrous aftermath of Hurricane Katrina, has now come full circle to offer its hometown the celebration it deserves and desires. The New Orleans Saints defeated the Indianapolis Colts in Superbowl XLIV, the 44th such contest of football’s conference champions, and sent the French Quarter and the surrounding and still rebuilding areas into a frenzy that’s likely … [visit site to read more]
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| The Week Ahead In US: Retail Sales And U.Michigan Consumer Confidence Index « Matteo Radaelli » Posted: 08 Feb 2010 03:01 PM PST Trade Balance (Wednesday 10) - With consumer spending rebounding at the tail end of the year, we expect exports to increase more than imports in December, widening the trade balance deficit. Our estimate is for imports to increase by 2.6% to USD179.12bn and exports by 2% to USD141bn. Should our estimates prove correct, trade balance surplus may rise to USD38.1bn. Retail Sales (Thursday 11) - Retail sales figure were highly volatile over the last few months, probably reflecting problems … [visit site to read more]
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| Daily ETF Roundup: GDX Drops 3.8%, DBA Jumps « Michael Johnston » Posted: 08 Feb 2010 03:01 PM PST More red ink washed over Wall Street at the start of a new week, as jitters over the state of public finances in Greece, Portugal, and Spain continued to weigh on European economies and rippled throughout global markets. In the U.S., the financials sector led the day's decline after the Fed announced plans to detail its "exit strategy," indicating that central bank officials are busy discussing how to unwind massive stimulus plans in coming months. Elsewhere, Google announced big plans … [visit site to read more]
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| Telefonica To Buy More Unicom « Zacks Investment Research » Posted: 08 Feb 2010 02:42 PM PST Spain's incumbent telecom carrier Telefonica (TEF) is planning to expand its stake in China Unicom (CHU), the second-largest Chinese wireless carrier. The Spanish telecom giant expects to gradually increase its share in the Chinese company to further boost its foothold in the world's largest mobile market.
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| Video: NYSE Closing Bell Market Monitor: HD, HAS, CIT « NYFP » Posted: 08 Feb 2010 02:24 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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| Smith Int’l Plans Acquisitions « Zacks Investment Research » Posted: 08 Feb 2010 02:22 PM PST Smith International Inc. (SII), a major oilfield services company, expects to spend approximately $350 million on acquisitions in this quarter, following the company's last year's $700 million-plus stock issue. In addition to acquisition initiatives, the company also intends to deploy this fund to pay down its debt level.
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| The Next Phase Of My Evaluation « Michael Panzner » Posted: 08 Feb 2010 02:19 PM PST In yesterday’s post-cum-psychological profile, “Economic Rorschach Test,” I wanted to know the first thing that popped into your head after hearing that Geithner, Paulson, and Greenspan agree the economy is recovering.
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| Video: Crude Quiet To Start The Week « NYFP » Posted: 08 Feb 2010 02:18 PM PST Front month crude prices were quiet this session following a lack of economic data. … [visit site to read more]
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| Video: Newport Cigarette Maker Lorillard’s 4Q Goes Up In Smoke « NYFP » Posted: 08 Feb 2010 02:15 PM PST Newport cigarette maker Lorillard Incorporated posted a quarterly drop in net income due to higher costs. … [visit site to read more]
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| ProShares Plans 300% Leveraged ETFs « Michael Johnston » Posted: 08 Feb 2010 02:13 PM PST ProShares, the issuer responsible for pioneering leveraged and inverse ETFs, has filed prospectuses for 16 new funds. Expansion is nothing new for ProShares–the company has launched a handful of new ETFs over the last year–but the filing was interesting because it detailed plans for 300% leveraged ETFs. ProShares' current product line, which consists of more than 90 funds, includes only two ETFs with 300% leverage, the UltraPro S&P 500 (UPRO) and UltraPro Short S&P 500 … [visit site to read more]
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| Economic, News And US Earnings Reports For The Week Of February 8 - 12 2010 « KhronoStock » Posted: 08 Feb 2010 02:12 PM PST This week is not so heavy on the economic calendar front. One notable item is the January retail sales. Earnings reports continue to be heavy. Notable companies set to report this week include: CVS Caremark (CVS), NYSE Euronext (NYX), Baidu (BIDU), Walt Disney (DIS), Sprint (S), Phillip Morris (PM) and Duke Energy (DUK). You can view all the detailed information below: 1. Comprehensive Global Economic Calendar including the United States from … [visit site to read more]
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| Berkshire Rating Cut On Debt Issue « Zacks Investment Research » Posted: 08 Feb 2010 02:05 PM PST Last week, Berkshire Hathaway Inc. (BNI). Following this announcement, rating agency Standard & Poor's (S&P) stripped the company of its AAA ratings.
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| Equity Market Correction A One Quarter Event « Daily Reckoning » Posted: 08 Feb 2010 02:00 PM PST I believe equity markets (and riskier assets in general) are in the midst of a 10-15% correction that plays out within one quarter, which is normal, not at the onset of the next financial avalanche, which lasts many quarters.
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| How The Shipping ETF Is Charting Its Course « Tom Lydon » Posted: 08 Feb 2010 01:50 PM PST The shipping exchange traded fund (ETF) has had its share of rough waters, however, many believe it should find smoother sailing as more raw materials and finished goods criss-cross the seas. Shipping has struggled across all ship types. Claymore/Delta Global Shipping (SEA) tracks a cross-section of bulk and tanker ships, so it hasn’t been immune from the downturn, Don Dion for The Street says. But there are a couple of things that may work in the ETF’s favor in the coming months: A … [visit site to read more]
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| Alkermes Retains Neutral Rec « Zacks Investment Research » Posted: 08 Feb 2010 01:49 PM PST We maintain our Neutral rating on Alkermes, Inc. (ALKS) with a price target of $11.50.
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| Novatel Gets Downgraded « Zacks Investment Research » Posted: 08 Feb 2010 01:35 PM PST We downgrade our recommendation for Novatel Wireless Inc. (NVTL) to Neutral, which means the stock should perform in line with the broader market. The company is facing intensifying competition for its core embedded solutions for wireless access.
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| Five ETFs For A Trade War With China « Michael Johnston » Posted: 08 Feb 2010 01:20 PM PST Sino-American relations are quickly reaching a breaking point, as the Obama administration continues to spar with the People's Republic of China over a variety of issues. The first clash was seen in the tariffs proposed on Chinese steel pipe manufacturers last year, followed by another dispute related to tire producers shortly thereafter. The Chinese took a hard line approach in their response, threatening to apply similar duties to American products such as agricultural goods, much to the … [visit site to read more]
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| MICROS Beats Estimates « Zacks Investment Research » Posted: 08 Feb 2010 01:20 PM PST MICROS Systems, Inc. (MCRS) reported revenues of $225.6 million in the second quarter of fiscal 2010, down 4.6% from a year ago but almost flat sequentially.
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| Trends In Gold, 10 Year Treasury Yields, And Crude Oil « Guy Lerner » Posted: 08 Feb 2010 01:15 PM PST Over the past year, I have most often discussed the composite indicator constructed from the trends in gold, crude oil, and yields on the 10 year Treasury in the context of high readings. Collectively, when these trends are strong and rising, stocks tend to under perform. This has been the case over the past 25 years and over the past 10 months during this epic bull run. But what happens to equities when this indicator registers a low reading - as in the trends in gold, crude oil, and yields on … [visit site to read more]
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| Magellan’s Net Income Rises « Zacks Investment Research » Posted: 08 Feb 2010 01:08 PM PST Magellan Midstream Partners L.P. ([url=http://www.zacks.com/stock/quote/mmp]MMP[/url]), a master limited partnership (MLP), announced robust fourth quarter results, buoyed by higher transportation tariffs and product gains in the pipeline system. The partnership reported earnings per unit (EPU) of 77 cents, surpassing the Zacks Consensus Estimate by 2 cents. In the year-ago period, Magellan earned 51 cents per unit.
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| 3 Reasons For Optimism Found In Canada’s ETF « Tom Lydon » Posted: 08 Feb 2010 12:55 PM PST Canada’s exchange traded fund (ETF) is looking better. Indicators are on the rebound, the economy is growing again and consumer spending is forecast to continue making strides this year. Economists are optimistic about the recovery in Canada, for good reason: For the third straight month in November, Canada’s economy grew, backed by strength in the gas and oil industries, wholesale trade and continued real estate activity, reports Mortgage Broker News. Jay Bryan for The Gazette … [visit site to read more]
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| Top-Line Increases At AppliedMicro « Zacks Investment Research » Posted: 08 Feb 2010 12:52 PM PST AppliedMicro (AMCC) reported revenues of $53.7 million in the third quarter of fiscal 2010, up 9% sequentially and up 13% year over year.
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| China Mobile Touts Ophone Plan « Zacks Investment Research » Posted: 08 Feb 2010 12:36 PM PST China Mobile (CHL), the world's largest mobile operator by subscribers, is reportedly warming up to launch up to 30 new smartphone models in 2010 that are designed to run on the carrier's home-grown TDSCDMA 3G standard. The devices (called "Ophones”) are being developed using the company's proprietary "Open Mobile System (OMS)” smartphone operating system based on Google's (GOOG) open-source Android software platform.
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| American Axle Swings To Profit « Zacks Investment Research » Posted: 08 Feb 2010 12:21 PM PST American Axle and Manufacturing (AXL) returned to profitability in the fourth quarter of 2009 after reporting losses since the first quarter of 2008. The company has posted a net income of $8.3 million or 14 cents per share (before special items), compared to a loss of $42.6 million or 83 cents per share (before special items) in the fourth quarter of 2008.
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| Investing In Japan: Two Ways To Play Its Stock Market Revival « Alexander Green » Posted: 08 Feb 2010 12:19 PM PST Monday, February 8, 2010: Issue #1192
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| Forex Trading: EURUSD Looking For Direction. Testing The Support Levels « Greg Michalowski » Posted: 08 Feb 2010 12:08 PM PST The clues from the market suggest the price is due for a directional move. The 100 and 200 bar movin average are getting closer (within 7 pips - blue and green lines above). There is an uptrend line the market is testing but can not get through, and the the price action is consolidating. The 100 bar MA comes in at the 1.3678 level. The 200 bar comes in at 1.3671. The trendline comes in at 1.3667.
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| Nippon Telephone Outperforms « Zacks Investment Research » Posted: 08 Feb 2010 12:06 PM PST Nippon Telegraph & Telephone Corp. (NTT) declared better-than-expected fiscal third quarter 2010 financial results. On a GAAP basis, net income in the third quarter of fiscal 2010 was approximately $1,523 million or $1.15 per share, compared to net income of approximately $1,473 million or $1.10 per share in the prior-year quarter.
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| What The Past Tells Us « Daily Reckoning » Posted: 08 Feb 2010 12:00 PM PST Perhaps because we are a young country, Americans tend not to pay much attention to the lessons of history. Well, we should start, because those lessons are brutal. Power, even great power, if not well tended, erodes over time. Nations, like corporations and people, can lose discipline and morale. Economic and political vulnerability go hand in hand. Remember, without a strong economy, a nation's international standing, standard of living, national security, and even its domestic tranquility … [visit site to read more]
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| U.S. Oil Consumption Still Weak « Zacks Investment Research » Posted: 08 Feb 2010 11:51 AM PST The U.S. Energy Department’s weekly inventory release showed a surprise climb in crude stockpiles, while distillate supplies posted a smaller-than-expected draw. The agency's bearish report further added that refiners continued to cut production, and are currently operating at their lowest rate in two decades.
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| Loews Corp Reports Profit « Zacks Investment Research » Posted: 08 Feb 2010 11:37 AM PST Loews Corporation's (L) fourth quarter income from continuing operations came in at 94 cents per share, 2 cents below the Zacks Consensus Estimate of 96 cents. However, the results were significantly better compared to the year-ago quarter's results when the company had reported a loss of $2.20 per share.
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| Essential Employees In The Government Growth Industry « Daily Reckoning » Posted: 08 Feb 2010 11:30 AM PST There was a storm raging on Wall Street too. And by the end of the day, traders, investors and speculators probably wished they had stocked more alcohol for the weekend.
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| FII Initiated As Neutral « Zacks Investment Research » Posted: 08 Feb 2010 11:21 AM PST We are initiating coverage on Federated Investors Inc. (FII) with a Neutral recommendation. The company's fourth-quarter earnings of 51 cents per share missed the Zacks Consensus Estimate by a couple of pennies on money fee waivers and higher operating expenses.
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| FX Options Weekly Outlook « Ise Options » Posted: 07 Feb 2010 02:00 PM PST Jason Ayres, founder of OptionSource.net, provides a look a head of this week’s FX activity. … [visit site to read more]
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