Daily Markets - California Non-Sense On Cents

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• California Non-Sense On Cents
• Crude Oil Awaits U.S. GDP Data, Gold Pauses As Resistance Mounts
• Bear Of The Day: J.C. Penney Co., Inc. (JCP)
• Growth & Income Stock: TransMontaigne Partners L.P.
• Bull Of The Day: Ryder System, Inc. (R)
• Aggressive Growth Stock: Federal-Mogul Corp
• Momentum Stock: 99c Only Stores
• Forex Trading: Bernanke Speech To Impact Dollar
• Stock Picks For Friday 27 August: Electronic Arts, Intel, Polypore International

California Non-Sense On Cents Posted: 27 Aug 2010 02:07 AM PDT If a picture spells a thousand words, then two graphs of the employment situation and future pension obligations in California far exceed the works of William Shakespeare. Should we file these under the heading of "American Tragedy"? Would these works be referenced when somebody looks up "future default" or "unsustainable"? These future pension obligations did not happen by accident. The projected figures represent the plundering of California municipalities with subsequent tax … [visit site to read more]

Crude Oil Awaits U.S. GDP Data, Gold Pauses As Resistance Mounts Posted: 26 Aug 2010 11:51 PM PDT Commodities – Energy Crude Oil Awaits U.S. GDP Data Crude Oil (WTI) - $73.09 // $0.27 // 0.37% Commentary: Crude oil advanced for a second session on Thursday, despite a down day for U.S. equity markets. The commodity added $0.84, or 1.16%, and traded quite resiliently throughout the day. Oil was able to take advantage of the upward momentum established in the prior session, as there was no particular data or news that was responsible for the move. Currently, we are seeing crude oil down … [visit site to read more]

Bear Of The Day: J.C. Penney Co., Inc. (JCP) Posted: 26 Aug 2010 11:05 PM PDT We believe that J.C. Penney (NYSE:JCP) stock will remain under pressure in the near term. Despite the introduction of new product lines, its sales performance has not been impressive. J. C. Penney hinted that the discontinuation of the publishing of Big Book catalogs in November 2009 has been adversely impacting sales. We expect a negative sentiment among investors, following the sales results for the second-quarter 2010 that breached its own guidance. Moreover, the company’s sales of home … [visit site to read more]

Growth & Income Stock: TransMontaigne Partners L.P. Posted: 26 Aug 2010 11:05 PM PDT TransMontaigne Partners L.P. (NYSE:TLP) is one of the Master Limited Partnerships (MLPs) that has tremendous income, with a distribution yielding 7.3%. TransMontaigne Partners operates terminals, storage, transportation and related services to customers in the energy sector, including those distributing and marketing light refined petroleum products, such as gasoline, diesel and jet fuels, heavy refined petroleum products, such as asphalt, crude oil, chemicals, fertilizers and other liquid … [visit site to read more]

Bull Of The Day: Ryder System, Inc. (R) Posted: 26 Aug 2010 11:05 PM PDT We are upgrading our rating to Outperform on Ryder System (NYSE:R) following its second-quarter earnings. Second-quarter earnings surpassed the Zacks Consensus Estimate on stronger automotive volume, improved commercial rental demand and strong used vehicle sales. Ryder is planning for a better relative freight pricing market and more freight opportunities in 2010. With an improvement in market conditions, the company has ample balance sheet strength to support its capital spending. Ryder is … [visit site to read more]

Aggressive Growth Stock: Federal-Mogul Corp Posted: 26 Aug 2010 11:05 PM PDT Federal-Mogul Corp (NASDAQ:FDML) topped Wall Street expectations for a third time last quarter and is showing improvements in all areas on its operations. Expansions are going strong and analysts are raising their estimates. Company Description Federal-Mogul Corp supplies powertrain and safety products for OEMs of cars, commercial, marine, agriculture and other vehicles. Big Surprise On Jul 29 Federal-Mogul reported second-quarter results that showed a 23% improvement in sales, to $1.6 billion. Each … [visit site to read more]

Momentum Stock: 99c Only Stores Posted: 26 Aug 2010 11:05 PM PDT 99c Only Stores (NYSE:NDN) continues to perform well in the weak consumer environment, recently hitting a new multi-year high above $18 after reporting a 26% Q1 earnings surprise in early August. Company Description 99c Only Stores operates a chain of retail stores that sells general and consumable consumer good for 99 cents. The company was founded in 1965 and has a market cap of $1.18 billion. With unemployment remaining in elevated territory, consumers are still very focused on cutting corners … [visit site to read more]

Forex Trading: Bernanke Speech To Impact Dollar Posted: 26 Aug 2010 10:49 PM PDT Bernanke Speech to Impact Dollar The US Prelim GDP, to be released at 12:30 GMT, is the primary publication today that is set to determine the level of the US dollar. The other main release that are is to dominate forex trading, especially for currencies, is the publication of the British Revised GDP at 8:30 GMT. Traders are also advised to follow Fed Chairman Bernanke’s speech at 14:00 GMT. This speech is very likely carry a higher than usual impact on Dollar volatility. Economic News USD - … [visit site to read more]

Stock Picks For Friday 27 August: Electronic Arts, Intel, Polypore International Posted: 26 Aug 2010 07:18 PM PDT ( click to enlarge ) Polypore International (NYSE:PPO) Looking at the technical daily chart there is a possibility of a drop to 25-25.55. This view would be valid if the stock fails to move past the resistance zone at $29.40. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend. I continue to be bullish on the company. Remain invested with a stop-loss at $26.75. ( click to enlarge ) The near-term trend is bearish … [visit site to read more]

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