Daily Markets - Financial News & Opinions

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• The Decade’s Most Shorted US Stocks: Past, Present And The Market Implications
• The “January Effect” Could Offer Quick Gains For Small-Cap Stocks
• Forex Trading Review For 29 December
• India Stock Market: Sensex Up 40.95 Points On Tuesday (December 29, 2009)
• Stock News Briefs: Fannie, Freddie Get Blank Checks; JPMorgan Sues Former Bank Exec; Oil Tops $79 For First Time In Four Weeks
• Indian Stock Market: Inflation Fear Plays Spoilsport!
• Bear Of The Day: Regency Centers (REG)
• Stock Buy: Solarfun Power Holdings Co.
• Stock Buy: Hi-Tech Pharmacal Co.
• Stock Buy: Maidenform Brands, Inc.
• Bull Of The Day: Cabela’s, Inc. (CAB)

The Decade’s Most Shorted US Stocks: Past, Present And The Market Implications Posted: 29 Dec 2009 05:45 AM PST This is an interesting segment from Fox Business aired on Dec. 28, 2009 where John Tabacco from locatestock.com talked about the top five most shorted stocks.  The following is a summary of the interview along with some of my thoughts. The Biggest Shorts - Past & Present According to locatestock.com, the top short of the decade, and you guessed it, is Lehman Brothers. But did you know… Other biggest shorts for the decade include TARP and bailout recipients: … [visit site to read more]

The “January Effect” Could Offer Quick Gains For Small-Cap Stocks Posted: 29 Dec 2009 04:01 AM PST If your investing tastes run more to small-cap issues than the giants of the Dow Jones Industrial Average and other major indexes, you could find 2010’s best buying opportunities before the new year even starts - today (Tuesday) and tomorrow to be precise. That’s the promise of the so-called “January Effect,” historically one of the most reliable of the recognized stock market anomalies. Although there are some minor variations, the primary thrust of the January Effect states that … [visit site to read more]

Forex Trading Review For 29 December Posted: 29 Dec 2009 03:33 AM PST USD Dollar (USD) The Dollar traded slightly down on a flat session with low volume. Stocks in the U.S. moved away from intra-day highs but main indexes reached fresh 15-month highs. The Dow Jones rose 0.26% and the NASDAQ 0.24%. Gold (XAU) is recovering after finding support at $1,101 an ounce. Crude oil soars by 0.9% and tested levels above $79 a barrel, reaching the highest price in a month, before closing at 78.77$. Today, The CB Consumer Confidence is expected at 53 vs. 49.5 … [visit site to read more]

India Stock Market: Sensex Up 40.95 Points On Tuesday (December 29, 2009) Posted: 29 Dec 2009 03:15 AM PST Sensex rose 40.95 points or 0.2 to 17401.56 Nifty rose 9.55 points or 0.2% to 5187.95 Mid Cap rose 0.5%. Small Cap rose 1.2%. BSE 500 rose 0.3%. Sensex gainers: 19 Of 13 BSE Sectoral indices, 10 posted gains. Advancers: 1859, Decliners: 964, Unchanged: 79 Advance/Decline Ratio: 2:1 Sensex Day’s Range: 17486.05 - 17372.63 Nifty Day’s Range: 5214.60 - 5175.85 52-Week Range: 17493.17- 8047.17 52 Week Change: -0.5% Sensex gainers included Reliance Infra +2.9%, Hindalco +2.7%, ICICI … [visit site to read more]

Stock News Briefs: Fannie, Freddie Get Blank Checks; JPMorgan Sues Former Bank Exec; Oil Tops $79 For First Time In Four Weeks Posted: 29 Dec 2009 03:13 AM PST Fannie, Freddie Get Blank Checks; Holiday Retail Sales Rise 3.6%; Fed to Banks: Set Up CDs with Us; Health Care Bill Likely to Resemble Senate Version; JPMorgan Sues Former Bank Exec; Oil Tops $79 for First Time in Four Weeks In what’s been called a “perplexing” move by one analyst, the U.S. Treasury lifted a $200 billion cap on the amount of taxpayer dollars that can be injected into ailing mortgage firms Fannie Mae (FNM) and Freddie Mac (FRE), providing unlimited support to … [visit site to read more]

Indian Stock Market: Inflation Fear Plays Spoilsport! Posted: 29 Dec 2009 03:11 AM PST Markets traded quite volatile during the closing hours of the day and in the end, while the indices did close in the positive, they sold off substantially from the day’s high. The BSE Sensex edged higher by nearly 40 points (up 0.2%), while the Nifty closed the day with gains of around 10 points. BSE Midcap and Small cap indices also closed the day with gains, edging higher by 0.5% and 1.2% respectively. Advance to decline ratio was evenly split on the Sensex today as for every one stock … [visit site to read more]

Bear Of The Day: Regency Centers (REG) Posted: 28 Dec 2009 04:00 PM PST We are changing our long-term recommendation for Regency Centers (REG) to Underperform as we anticipate it to move well below the broader market. The prolonged recession has led to increased tenant bankruptcies, which in turn have led to a decline in occupancy and an increase in vacancy rates. In addition, consumer discretionary spending continues to be under severe stress with a reduction in disposable income. However, Regency Centers is one of the largest retail-strip format REITs in the … [visit site to read more]

Stock Buy: Solarfun Power Holdings Co. Posted: 28 Dec 2009 04:00 PM PST Solarfun Power Holdings Co. (SOLF) posted solid Q3 results in mid November that saw the company swing to profitability from last year. Estimates have also been on the rise as shares approach the 52-week high just short of $9. Company Description Solarfun Power Holdings Co., an investment holding company, develops and manufactures photovoltaic cells and PV modules. The company was founded in 2004, has a market cap of $424 million and is headquartered in China. Third-Quarter Results Shares of … [visit site to read more]

Stock Buy: Hi-Tech Pharmacal Co. Posted: 28 Dec 2009 04:00 PM PST Hi-Tech Pharmacal Co (HITK) estimates are surging following the latest earnings report, which showed earnings rise more than 600%. Company Description Hi-Tech makes generic and branded pharmaceuticals, both over-the-counter and prescription. The company focuses on liquid and semi-solid forms for ophthalmic, otic, and inhalable products. Quarterly Results On Dec 9 Hi-Tech reported second-quarter results that showed sales increased by 64%, to just under $41 million. This led to a surge in net … [visit site to read more]

Stock Buy: Maidenform Brands, Inc. Posted: 28 Dec 2009 04:00 PM PST Maidenform Brands Inc. (MFB) saw sales jump in the third quarter as shapewear sales remained hot. The company has surprised on estimates the last 4 quarters by an average of 35.60%. Company Description Maidenform Brands sells intimate apparel at department stores and other retail outlets through a collection of recognizable brands including Maidenform, Lilyette, Control It!, and Sweet Nothings. The 86-year old company also produces the Donna Karan and DKNY licensed brands. At the end of the … [visit site to read more]

Bull Of The Day: Cabela’s, Inc. (CAB) Posted: 28 Dec 2009 04:00 PM PST Boasting a healthy balance sheet, viable strategy and improving operating efficiencies, Cabela’s (CAB) offers investors a strong growth profile. Cabela’s remains on course to achieve its targeted long-term return on invested capital of 12%-14%. Next generation store format, multi-channel strategy and seasonal product assortments enable CAB to focus on increasing stores productivity and sales per square foot, and lowering labor costs. Retail operating income margin expanded 240 basis points to … [visit site to read more]

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