Daily Markets - CB Richard Ellis Tops Estimates

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• CB Richard Ellis Tops Estimates
• Mattel In Neutral Lane
• Kimco Misses Marginally
• Earnings Scorecard: Intuitive
• Earnings Scorecard: Mattel
• Buffalo Wild Wings Beats
• WellPoint Beats, Raises Outlook
• International Air Travel Shows Continuing Strength In June; Volumes Are Above Pre-Recession Levels
• The Investment Strategy Tester: Part Two — Changing Your Stock Allocation In Response To Valuation Shifts Beats Sticking With A High Allocation
• Strong Quarter For Cephalon
• Durable Goods Disappoint
• Oneok Invests In NGL Projects
• Sprint Beats, Grows Subscribers
• Boston Properties Tops Estimates
• Ball Corp. Acquires Neuman Aluminum
• Strong Quarter From General Dynamics
• Comcast Exceeds Zacks Estimates
• Massey Profits Hurt By Mine Blast
• Earnings Scorecard: St. Jude
• Stock Market News Briefs: Aetna, Arcelor Mittal, Boeing Company, Coca-Cola Enterprises, Corning Incorporated, General Dynamics, Comcast Corporation
• Swiss Franc: Under Pressure
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Under Pressure
• Japanese Yen: Caution
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Strong Quarter For Illumina
• Peabody Expands In Australia
• Earnings Preview: MoneyGram
• Kansas City Posts Strong 2Q
• Portugal Auctions 2014 And 2023 Bonds, 3 Month Euribor Climbs To A Fresh Yearly High Of 0.896%
• Rambus Wins Favorable Ruling
• RenaissanceRe Beats Estimates
• Is It A Really Bad Time To Be A Fresh College Graduate?
• Will Thursday’s Unemployment Report Trigger A Stock Market Selloff?
• Stock Buy: Alaska Air Group, Inc.
• Stock Buy: Danvers Bancorp
• Stock Buy: SanDisk Corporation
• Bear Of The Day: POSCO
• Stock Buy: Polaris Industries
• Bull Of The Day: UAL Corporation (UAUA)
• Mutual Funds: Top 5 Growth Funds
• Mutual Funds: Top 5 JP Morgan Funds
• US Housing And Consumer Confidence Outlook
• Forex Trading: Look For CAD And AUD To Gain In The Near Term
• Gaining Exposure To The Resource Sector Through An Undervalued Investment Company & Merchant Bank
• No Double Dip In The UK?
• S&P 500, GLD & GDX – Sentiment Trumps Everything
• The Cost Of Doing Business
• Euro Makes A Move Against The Yen

CB Richard Ellis Tops Estimates Posted: 28 Jul 2010 08:05 AM PDT CB Richard Ellis Group Inc. (NYSE:CBG) reported second-quarter 2010 revenues of $1.2 billion compared with $955.7 million in the year-earlier quarter, reflecting an increase of 23%. The revenues in the reported quarter beat the Zacks Consensus Estimate of $1.1 billion.   The company reported a net income of $54.8 million or 17 cents per share during the quarter, compared with a net loss of $6.6 million or 2 cents in the year-ago period. Excluding non-recurring items, CB Richard Ellis … [visit site to read more]

Mattel In Neutral Lane Posted: 28 Jul 2010 07:45 AM PDT We remain positive on Mattel Inc. (NYSE:MAT) as the company has an industry leading position, a robust balance sheet and continues to benefit from its cost-containment initiatives. Its focus on top-line growth, margin expansion and effective cash deployment also augur well.   However, we remain cautious on the stock based on increasing input costs and adverse impact from currency exchange rate. Moreover, competition from private label toys and video game industry is intensifying and orders … [visit site to read more]

Kimco Misses Marginally Posted: 28 Jul 2010 07:35 AM PDT Kimco Realty Corp. (NYSE:KIM), a leading real estate investment trust (REIT), reported a 13.8% increase in second quarter 2010 rental revenues compared with the year-earlier quarter. Revenues for the reported quarter increased to $214.0 million from $188.1 million in the year-ago quarter. However, revenues for the reported quarter fell short of the Zacks Consensus Estimate of $216 million.   The company reported second quarter 2010 FFO (fund from operations) of $105.6 million or 26 … [visit site to read more]

Earnings Scorecard: Intuitive Posted: 28 Jul 2010 07:35 AM PDT Intuitive Surgical (NASDAQ:ISRG) reported favorable second-quarter 2010 results on July 21, 2010. Earnings per share (excluding one-time items) came in at $2.19, beating the Zacks Consensus Estimate of $2.05 and the year-ago figure of $1.62.   Second Quarter Review   Total revenue at Intuitive Surgical increased 42% year over year to $351 million. Intuitive Surgical generated total recurring revenue of $183 million, up 35% year over year. During the reported quarter, Vinci Hysterectomy … [visit site to read more]

Earnings Scorecard: Mattel Posted: 28 Jul 2010 07:35 AM PDT The world's largest manufacturer of toys, Mattel Inc. (NYSE:MAT), reported its second quarter 2010 results on July 16, 2010 that missed the Zacks Consensus Estimate by a penny. The recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for both the short-term and the long-term outlook for the stock are covered in depth below.   Earnings Report Review During second quarter 2010, Mattel reported earnings of 14 cents per share, up from 6 cents per share in the … [visit site to read more]

Buffalo Wild Wings Beats Posted: 28 Jul 2010 07:20 AM PDT Buffalo Wild Wings Inc. (NASDAQ:BWLD) second quarter earnings of 50 cents per share outdid the Zacks Consensus Estimate of 42 cents and soared 28% from 39 cents posted in the prior-year quarter. The better-than-expected results were driven by double-digit growth in the top line and lower chicken wing prices.   Total revenues climbed 12.4% year over year to $145.7 million and also outperformed the Zacks Consensus Estimate of $142.0 million. Sales at company-operated restaurants rose 11.7% to … [visit site to read more]

WellPoint Beats, Raises Outlook Posted: 28 Jul 2010 07:20 AM PDT On July 28, 2010, WellPoint Inc. (NYSE:WLP) reported its second-quarter income from continuing operations of $702.8 million or $1.67 per share, surpassing the Zacks Consensus Estimate of $1.56. This also compares favorably with the income of $731.5 million or earnings of $1.50 in the year-ago quarter. The improved showing was attributable to higher-than-expected favorable reserve development and continued strong performance in capital management. WellPoint's income from continuing operations … [visit site to read more]

International Air Travel Shows Continuing Strength In June; Volumes Are Above Pre-Recession Levels Posted: 28 Jul 2010 07:05 AM PDT Geneva - “The International Air Transport Association (IATA) announced today that international scheduled traffic statistics for June showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international passenger demand was up 11.9% while international scheduled freight traffic showed a 26.5% improvement (see chart above).”  Other highlights include: 1. Passenger volumes are now 1-2% above the pre-recession … [visit site to read more]

The Investment Strategy Tester: Part Two — Changing Your Stock Allocation In Response To Valuation Shifts Beats Sticking With A High Allocation Posted: 28 Jul 2010 07:00 AM PDT By Rob Bennett Please see Part One of this article for a background description of The Investment Strategy Tester and for a discussion of the first of the six tests examined. Please don't make the mistake of thinking that that rule [that high-stock-allocation portfolios offer higher returns at less risk than low-stock-allocation portfolios] applies at all price levels. Graphic Two shows what happens when we test the same strategies beginning with a starting-point valuation level of 32, an … [visit site to read more]

Strong Quarter For Cephalon Posted: 28 Jul 2010 07:00 AM PDT Cephalon Inc. (NASDAQ:CEPH) delivered another strong quarter with second quarter earnings coming in at $2.05 per share, six cents above the Zacks Consensus Estimate and well above the year-ago earnings of $1.44 per share. We note that the Zacks Consensus Estimate had been revised recently following Cephalon's announcement that it expects to deliver second quarter earnings above its previously issued guidance.   Strong revenues helped the company post impressive results. Revenue increased … [visit site to read more]

Durable Goods Disappoint Posted: 28 Jul 2010 07:00 AM PDT Except for one little detail, the consensus of economists were right on target with their expectations for New Orders for Durable Goods, both in total and excluding the extremely volatile transportation equipment segment. That one little detail was a minus sign. In total, new orders were expected to rise by 1.0%, but instead they fell by 1.0%. Excluding transportation equipment, orders fell by 0.6% instead of the expected 0.6% rise. Adding to the disappointment of the report were the … [visit site to read more]

Oneok Invests In NGL Projects Posted: 28 Jul 2010 07:00 AM PDT Oneok Partners L.P. (NYSE:OKS) will invest around $595 million to $730 million in natural gas liquids (NGL) projects to enhance its transportation and fractionation capacity. The partnership will invest in the Bakken Shale and Three Forks formations due to a pressing need to expand the natural gas liquids takeaway capacity in the region, as the producers are aggressively developing the NGL-rich, crude oil-producing wells there. Investment Details Oneok is planning to invest in three different … [visit site to read more]

Sprint Beats, Grows Subscribers Posted: 28 Jul 2010 06:50 AM PDT Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, reported second-quarter 2010 adjusted net loss per share of 15 cents, which surpassed the Zacks Consensus Estimate of a net loss of 19 cents. Adjusted earnings excluded a one-time tax related to non-cash charge of $302 million (10 cents per share). Sprint reported its second-quarter results before the market open on July 28. On a GAAP basis, Sprint posted a net loss of $760 million (25 cents per share), 98% beyond the net loss of … [visit site to read more]

Boston Properties Tops Estimates Posted: 28 Jul 2010 06:50 AM PDT Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported second quarter 2010 FFO (funds from operations) of $156.9 million or $1.12 per share, compared with $166.7 million or $1.32 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The second quarter earnings surpassed the Zacks Consensus … [visit site to read more]

Ball Corp. Acquires Neuman Aluminum Posted: 28 Jul 2010 06:50 AM PDT Ball Corporation (NYSE:BLL) announced the acquisition of Neuman Aluminum, a global manufacturer of high quality aluminum slugs, which generated revenues of approximately $128 million in 2009. The acquisition will enhance Ball Corporation's metal forming technology and its packaging platform and is expected to be accretive in its first year of operation. Headquartered in Marktl, Austria, Neuman operates across Germany, the United Kingdom, Ireland, Spain, Denmark, Croatia, Canada and the United … [visit site to read more]

Strong Quarter From General Dynamics Posted: 28 Jul 2010 06:50 AM PDT General Dynamics Corporation (NYSE:GD) in the second quarter of fiscal 2010 swept past the Zacks Consensus Estimate and year-ago quarterly earnings of $1.61 by 7 cents, to reach $1.68. On a reported basis, including one-time items, earnings came in at $1.67, up 4.4% from the year-ago quarter. Operational Results General Dynamics' revenue of $8.104 billion was down 2.9% compared to the Zacks Consensus Estimate of $8.3 billion. However, revenues rose marginally (by $4 million) from the second … [visit site to read more]

Comcast Exceeds Zacks Estimates Posted: 28 Jul 2010 06:30 AM PDT Comcast Corp. (NASDAQ:CMCSA) reported second quarter 2010 financial results, which exceeded the Zacks Consensus Estimates. Adjusted EPS in the reported quarter was 33 cents compared with 29 cents in the prior-year quarter. Adjusted EPS included $22 million in operating expense, $2 million of interest expense and $35 million of other expense related to the NBC Universal Transaction. Adjusted EPS exceeds the Zacks Consensus Estimate of 32 cents. Better-than-expected results were due to solid customer … [visit site to read more]

Massey Profits Hurt By Mine Blast Posted: 28 Jul 2010 06:30 AM PDT Coal miner, Massey Energy Company (NYSE:MEE) reported a second quarter adjusted loss of 2 cents per share (excluding Upper Big Branch mine tragedy related charges), way below the Zacks Consensus Earnings Estimate of 33 cents. The decline in the quarter is primarily attributed to the disruption caused by the Upper Big Branch mine blast.   Operating Results  Net revenues in the reported quarter jumped 16% year over year to $810.1 million, mainly due to higher average prices realized on … [visit site to read more]

Earnings Scorecard: St. Jude Posted: 28 Jul 2010 06:30 AM PDT St. Jude Medical Inc. (NYSE:STJ) posted solid second quarter fiscal 2010 results on July 22, 2010, with adjusted earnings per share of 79 cents cruising past the Zacks Consensus Estimate of 73 cents (representing a 8.22% positive surprise), buoyed by healthy revenue growth across the board. Revenues surged 11% year over year to $1,313 million, beating the Zacks Consensus Estimate of $1,289 million. Growth was led by favorable foreign currency translation and solid ICD sales, which soared 18% to … [visit site to read more]

Stock Market News Briefs: Aetna, Arcelor Mittal, Boeing Company, Coca-Cola Enterprises, Corning Incorporated, General Dynamics, Comcast Corporation Posted: 28 Jul 2010 06:30 AM PDT  Boeing (NYSE:BA) reported second quarter earnings of $1.06, 6 cents above Zacks estimates, on revenues of $15.57 billion, down 9.2% from last year and below estimates of $16.10 billion  Coca-Cola Enterprises (NYSE:CCE) reported second quarter earnings of 79 cents, beating estimates by 10 cents, on a 0.4% revenue drop from a year earlier to $5.88 billion, which was below Zacks estimates of $5.93 billion  General Dynamics (NYSE:GD) posted second quarter earnings 7 cents better than … [visit site to read more]

Swiss Franc: Under Pressure Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: The Downside Prevails Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: Caution Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: The Downside Prevails Posted: 28 Jul 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Strong Quarter For Illumina Posted: 28 Jul 2010 06:15 AM PDT Illumina (NASDAQ:ILMN) reported an EPS of 21 cents in the second quarter of 2010 compared to 18 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 26 cents, 18.2% higher than the second quarter of 2009. The Zacks Consensus Estimate for the quarter was 22 cents.   Revenues were $212 million, surpassing the Zacks Consensus Estimate of $192 million and 31% higher than the year-ago quarter driven by a strong 30% growth in product revenues. The company … [visit site to read more]

Peabody Expands In Australia Posted: 28 Jul 2010 06:15 AM PDT Peabody Energy Corporation (NYSE:BTU) will expand its Wilpinjong thermal coal mine in New South Wales, Australia, in conformity with its plans to grow organically to better serve the rapidly growing economies and coal markets across the world. The expansion will facilitate an increase in annual production by 2─3 million tons beginning in 2012. The increased production will serve export markets using new port capacity from the recently commissioned Newcastle Coal Infrastructure Group ("NCIG”) … [visit site to read more]

Earnings Preview: MoneyGram Posted: 28 Jul 2010 06:05 AM PDT Global money transfer service provider MoneyGram International Inc. (NYSE:MGI) is scheduled to release its second quarter earnings results before the market opens on July 30, 2010. The Zacks Consensus Estimate for the second quarter is a loss of 28 cents per share, representing a loss of about 12.0% over the year-ago quarter. Following the first quarter trends, higher operating expenses, declining bill payment transaction volumes and persistent weakness in Mexico and Spain could continue to mar … [visit site to read more]

Kansas City Posts Strong 2Q Posted: 28 Jul 2010 06:05 AM PDT Kansas City Southern (NYSE:KSU), a leading freight rail transportation company, reported excellent financial results for the second quarter 2010. Quarterly net income was $34.6 million or 34 cents per share compared to $6.5 million or 7 cents per share in the year-ago quarter. However, in the second quarter 2010, the company incurred 21 cents per share of debt retirement costs. Excluding this, the adjusted EPS in the reported quarter was 55 cents, far ahead of the Zacks Consensus Estimate of 44 … [visit site to read more]

Portugal Auctions 2014 And 2023 Bonds, 3 Month Euribor Climbs To A Fresh Yearly High Of 0.896% Posted: 28 Jul 2010 05:46 AM PDT Portugal's government auctioned 600 million euros in 2014 bonds and 681 million euros in 2023 bonds today. Fundamental Headlines • Euro, Pound Lose Early Gains – Wall Street Journal • Rate Swings Sting Europe's Borrowers – Wall Street Journal • Risky Assets Rise as U.S> Concerns Ease - Financial Times • European Stocks Snap Six-Day Rally, U.S. Futures Fluctuate; Copper Climbs  - Bloomberg • King Forecasts No Early Return to "Normal" Levels for U.K. Interest … [visit site to read more]

Rambus Wins Favorable Ruling Posted: 28 Jul 2010 05:45 AM PDT Technology licensing company Rambus Inc. (NASDAQ:RMBS) received a favorable ruling from the U.S. International Trade Commission (ITC) for lawsuits filed against various parties, including chip maker Nvidia Corp. (NASDAQ:NVDA) and PC makers Hewlett-Packard Co. (NYSE:HPQ) and Asus Computer International Inc. In the lawsuits filed in 2008, Rambus claimed that Nvidia and other manufacturers had infringed its patented technology. After a long-drawn legal battle, the ITC revealed that Nvidia chips infringed … [visit site to read more]

RenaissanceRe Beats Estimates Posted: 28 Jul 2010 05:45 AM PDT RenaissanceRe Holdings Ltd. (NYSE:RNR) reported its second-quarter income from continuing operations of $139.9 million or $2.40 per share, well ahead of the Zacks Consensus Estimate of $2.13. However, this compares unfavorably with an income of $254.1 million or earnings of $4.05 in the year-ago quarter. The year-over-year decline in earnings was attributable to lower revenues on the back of lower premiums earned and a decline in net investment income during the quarter.   RenaissanceRe's … [visit site to read more]

Is It A Really Bad Time To Be A Fresh College Graduate? Posted: 28 Jul 2010 05:12 AM PDT Today, America’s best and brightest are graduating from college full of hopes and dreams, but cold, hard economic reality is rapidly crushing many of them.  Record numbers of college graduates cannot find jobs.  Hordes of others have been forced to take very low paying service jobs.  At the same time, student loan debt loads have become more crushing than ever.  The truth is that it is a really, really bad time to be a fresh college graduate.  After spending tens of thousands of … [visit site to read more]

Will Thursday’s Unemployment Report Trigger A Stock Market Selloff? Posted: 28 Jul 2010 05:01 AM PDT An uneventful day of consolidation was the main theme for Tuesday.  We had a quick morning move up before selling took place and we moved sideways the rest of the day.  The good news is we managed to stay above the 200-day moving average for a second straight day but we made no ground towards the 100-day moving average, which will be a tougher resistance to break. If we were to break the 100-day moving average, this market would no longer be in a downtrend.  Many consider this just a … [visit site to read more]

Stock Buy: Alaska Air Group, Inc. Posted: 28 Jul 2010 05:00 AM PDT Alaska Air Group, Inc. (NYSE:ALK) is once again pressuring its all-time high after reporting excellent Q2 results on July 22 that saw income double from last year. With the current-year estimate pegged at $6.59, a 168% growth projection from last year, analaysts are looking for a strong finish to the year. Company Description Alaska Air Group, Inc., through its subsidiaries Alaska Airlines and Horizon Air Industries, operates as an airline company serving the Western United States, Canada and … [visit site to read more]

Stock Buy: Danvers Bancorp Posted: 28 Jul 2010 05:00 AM PDT Danvers Bancorp, Inc (NASDAQ:DNBK) is surging following the most recent earnings surprise. Analysts quickly raised estimates, driving growth rates even higher. Company Description Danvers is a holding company for banks in Massachusetts, with 25 branches. The company’s has $2.5 billion in assets and provides traditional banking services and non-deposit investment products and services. Another Beat On Jul 22 Danvers saw net income for the second quarter rise to $4.9 million, from $0.14 million a year … [visit site to read more]

Stock Buy: SanDisk Corporation Posted: 28 Jul 2010 05:00 AM PDT SanDisk Corporation (NASDAQ:SNDK) keeps defying skeptics expecting a tech slowdown as it once again surprised on the Zacks Consensus Estimate for the fourth quarter in a row. SanDisk manufactures flash memory cards for mobile phones, digital cameras and camcorders, embedded memory for mobile devices, and USB flash drives for consumers and enterprises. On July 22, the company announced that its founder and CEO Eli Harari would retire on Dec 31, 2010 and will be an advisor to the company for two years … [visit site to read more]

Bear Of The Day: POSCO Posted: 28 Jul 2010 05:00 AM PDT POSCO’s (NYSE:PKX) lackluster operating earnings guidance — due to higher raw material costs and an anticipated increase in Chinese steel volume exports — for the second half of 2010 continue to generate headwinds. Rising competition will result in significant price competition, declining margins and reductions in revenue. Moreover, concerns over gains/losses from volatility in foreign currency and the cyclical nature of the industry will restrict share price performances. Thus, we have … [visit site to read more]

Stock Buy: Polaris Industries Posted: 28 Jul 2010 05:00 AM PDT Polaris Industries (NYSE:PII) showed once again that consumers are wild about its off-road vehicles. Last week, the company delivered another strong earnings report. Growth and Income Analysts estimate that Polaris will grow its earnings per share 27.7% in 2010, 11.2% in 2011, and 12.5% per year for the next three to five years. In addition, the company offers investors decent income with its dividend yield of 2.5%. The stock has a Zacks #2 Rank. It trades at 15.8x 2010 consensus EPS estimates and … [visit site to read more]

Bull Of The Day: UAL Corporation (UAUA) Posted: 28 Jul 2010 05:00 AM PDT We are maintaining our Outperform recommendation on UAL Corp. (NASDAQ:UAUA). The company’s second-quarter results surpassed the Zacks Consensus Estimate and recorded its highest quarterly profit in 11 years. Despite the ongoing weather challenges, earnings were driven by good capacity control, increased passenger revenue and lower-than-expected costs. We expect United Airlines to benefit from reviving economy, solid on-time performance, strong execution, competitive costs and increased business … [visit site to read more]

Mutual Funds: Top 5 Growth Funds Posted: 28 Jul 2010 05:00 AM PDT Investors who choose capital growth over current income would do well to consider growth funds. This category of funds attempts to ensure maximum possible capital gains by investing in companies whose value is expected to increase significantly in the future. Tolerance for a reasonable amount of risk and a long-term approach to investing is required to realize the full potential of these funds. However, the risk involved is much lower when compared to sectoral funds and may be reduced further … [visit site to read more]

Mutual Funds: Top 5 JP Morgan Funds Posted: 28 Jul 2010 05:00 AM PDT With more than $1.2 trillion worth of assets under management, JPMorgan is renowned as one of the world's leading financial management companies. The company is also the fourth-largest mutual fund firm in the U.S. and manages over 100 mutual funds. It prides itself on being the leading provider of market neutral funds in the domestic market. JP Morgan also offers managed accounts and retirement products. The company has pioneered the introduction of innovative, inflation-protected municipal … [visit site to read more]

US Housing And Consumer Confidence Outlook Posted: 28 Jul 2010 04:50 AM PDT Similar story to last time, US consumer confidence in July fell worse than expected. The conference board index, designed to measure consumer attitudes on present economic conditions and expectations of future conditions, came in at 50.4 vs consensus for 51.0 and previous of 52.9. The drop was led by a fall in the expectations component with that sub-index falling to 66.6 from 72.7 in June, meanwhile the present situation sub-index fell to 26.1 from 26.8. Overall the index is being held … [visit site to read more]

Forex Trading: Look For CAD And AUD To Gain In The Near Term Posted: 28 Jul 2010 04:48 AM PDT Risk correlated trades had a strong showing yesterday as banking stocks rallied and concerns over the inadequacies of the Stress Test dissipated. The USD lost ground to both the GBP and EUR while longs in JPY and CHF were equally cut. Risky trades continued to benefit throughout the trading day in spite of US Consumer confidence data coming in negative. We especially like the appreciation we saw in sterling. We suspect there has been a fundamental shift in GBP prospects due to the … [visit site to read more]

Gaining Exposure To The Resource Sector Through An Undervalued Investment Company & Merchant Bank Posted: 28 Jul 2010 04:30 AM PDT As investors, we're always on the lookout for good companies, especially at cheap valuations. Aberdeen International [AAB:TSX] is one such company. On its website the company describes itself as a "global resource investment company and merchant bank focused on private, micro and small-cap resource companies." When we first found out about Aberdeen International, we saw the opportunity to gain exposure to the resource sector via a deeply discounted vehicle. Aberdeen's lines of business … [visit site to read more]

No Double Dip In The UK? Posted: 28 Jul 2010 04:30 AM PDT The Pound has risen to a five month high against the Dollar, our derided ONS has published fantastic growth figures. All seems to be improving in the UK economy once again. Even the Prime Minister has remembered to go on a trip with business executives to try and help UK business. This is all good news, in fact, good enough to say there will be no double dip this year. Now of course, I have been saying this all along, but with a caveat. I thought more QE would be needed to help the … [visit site to read more]

S&P 500, GLD & GDX – Sentiment Trumps Everything Posted: 28 Jul 2010 04:28 AM PDT Markets rise when the preponderance of participants are buyers, and fall when the preponderance of participants are sellers. One of the key ways to anticipate the pendulum swings of participant behavior, and therefore price behavior, is to evaluate sentiment. Sentiment, more than fundamentals or technical analysis, trumps everything. When too many players are on the same side of a trade they eventually find themselves in a crowded position where most everyone around them has the same … [visit site to read more]

The Cost Of Doing Business Posted: 28 Jul 2010 04:15 AM PDT It takes money to make money. Simple business principle, correct? A basic, fundamental business tenet, right? Well if the money it 'takes' is used to pay inordinate fines and penalties resulting from management's willingness to jeopardize reputation and principle in pursuit of profit, what does that say about the business enterprise itself? Will the $550 million fine recently imposed on Goldman Sachs (NYSE:GS) fundamentally change the manner in which Goldman engages clients and operates its … [visit site to read more]

Euro Makes A Move Against The Yen Posted: 28 Jul 2010 04:12 AM PDT Against the US dollar, the euro has been showing a lot of strength as of late (kindly see my post here). The EURJPY, on the other hand, was a pace or two behind. While the EURUSD was already moving north, its cousin was still stuck in consolidation mode. Just recently, though, the latter appears to have broken free. As you can see from the chart, the pair has just broken out from an inverted head and shoulders pattern. Now, will it follow the EURUSD? Will it be able to break above the … [visit site to read more]

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