Friday, August 20, 2010

Daily Markets - Crude Oil Tumbles On Dismal Data, Gold Uptrend Back In Full Force

Daily Markets - Crude Oil Tumbles On Dismal Data, Gold Uptrend Back In Full Force


Crude Oil Tumbles On Dismal Data, Gold Uptrend Back In Full Force

Posted: 19 Aug 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Tumbles on Dismal Data
Crude Oil (WTI) - $74.45 // $0.02 // 0.03%
Commentary: A significant drop in equity markets sent crude oil tumbling on Thursday. The commodity fell $0.99, or 1.31%. Markets are now intensely focused on the U.S. economy and the likelihood of a double dip recession. Economic readings only bolstered the bears' case, as jobless claims surpassed 500,000 for the first time since November 2009 and the Philadelphia Fed survey actually indicated … [visit site to read more]


Growth & Income Stock: McCormick & Company

Posted: 19 Aug 2010 11:05 PM PDT

McCormick & Company (NYSE:MKC) continues to slowly grow as sales in the Americas remain steady while they heat up in China. MKC has surprised on estimates the last 4 quarters by an average of 6%.
McCormick manufactures spices, herbs, seasonings and flavoring for consumers, food manufactures and food service businesses. Founded in 1889, the company has a global reach through several brands.
The company has recently expanded its global presence when it announced, on June 29, that it signed an … [visit site to read more]


Bull Of The Day: Nile Therapeutics, Inc.

Posted: 19 Aug 2010 11:05 PM PDT

Nile Therapeutics, Inc. (NASDAQ:NLTX) is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). Prior phase I and phase II data so far has been highly encouraging. With a market capitalization of only $14 million, Nile Therapeutics shares are bafflingly under-valued.
We believe with positive data from the ongoing phase II program in hand the company is worth at least $80 to 100 million. Taking the … [visit site to read more]


Bear Of The Day: Lowe's Companies, Inc.

Posted: 19 Aug 2010 11:05 PM PDT

Lowe’s Companies, Inc. (NYSE:LOW) recently posted lower-than-expected second quarter 2010 results. The quarterly earnings of $0.58 per share missed the Zacks Consensus Estimate by a penny.
The company also witnessed a decline in the rate of growth of sales and comps in the quarter that breached its planned outlook. As a result, the company lowered its fiscal 2010 sales guidance.
Although the economy is showing signs of revival, we believe that spending on big remodeling projects will likely remain … [visit site to read more]


Momentum Stock: BorgWarner, Inc.

Posted: 19 Aug 2010 11:05 PM PDT

BorgWarner, Inc. (NYSE:BWA) just hit a new multi-year high at $47.67 after reporting better than expected Q2 results in late July that included a 16% earnings surprise. The longer-term picture looks solid too with the next-year estimate projecting 29% growth.
Company Description
BorgWarner, Inc., together with its subsidiaries, manufactures and sells engineered automotive systems and components primarily for power train applications worldwide. The company was founded in 1987 and has a market cap … [visit site to read more]


Aggressive Growth Stock: Fairchild Semiconductor

Posted: 19 Aug 2010 11:05 PM PDT

Fairchild Semiconductor (NYSE:FCS) is operating at peak efficiency and on a great streak of beating Wall Street expectations.
Company Description
Fairchild Semi makes energy-efficient semiconductors for consumer, communication, automotive and other areas. The company has anything from AC/DC to photo and infrared systems.
Another Earnings Surprise
The company released earnings results on Jul 15 that included an 8% revenue increase, to $410 million. Net income came in at $43.8 million, or 40 cents … [visit site to read more]


Investing In MLPs: Management, Patience Keys To Success

Posted: 19 Aug 2010 11:03 PM PDT

Credit Suisse Analyst Yves Siegel believes master limited partnerships (MLPs) are strong investment vehicles, particularly in uncertain economic circumstances. “I don’t think there are many other places where investors can put their dollars and get a nice return with very moderate risk,” he explains. In this exclusive interview with The Energy Report, Yves talks about the “Big Kahuna” and a handful of other well-managed MLP names with impressive yields and sector-leading growth … [visit site to read more]


Forex Trading: Weak U.S Economic Data Pushes U.S Dollar Higher Versus Counterparts

Posted: 19 Aug 2010 10:55 PM PDT

Weak U.S Economic Data Pushes U.S Dollar Higher versus Counterparts
The Dollar advanced against most of its major counterparts Thursday as unexpectedly weak U.S. employment and manufacturing data weighed on stocks and other riskier assets, prompting investors to seek the relative safety of the greenback and Japanese Yen.
Economic News
USD - USD Gains on Poor Employment Data
The U.S. dollar gained versus most of its counterparts Thursday as negative economic data deepened concerns that the … [visit site to read more]


Benefit From The Rise Of Nickel With These ETFs And Mining Stocks

Posted: 19 Aug 2010 10:46 PM PDT

Nickel has been one of the biggest sufferers in the global commodity price meltdown, but this high luster silver-white metal has been making a steady comeback fuelled by investment demand this year mainly driven by massive Chinese imports, and the stainless steel market recovery worldwide. As the global stainless steel production is slowly rebounded towards its highest levels and since stainless steel mills account for over two-thirds of nickel demand, its no surprise that Nickel prices … [visit site to read more]


Ways To Invest In South Korea - The Hidden Asian Gem

Posted: 19 Aug 2010 10:41 PM PDT

We have all witnessed the enormous coverage given to China’s meteoric rise and the country has been attracting more investors than any other region in Asia as a result but for investors not willing to walk the monkey see monkey do china way, South Korea deserves equal attention than China if not more, offering under-rated values and long-term economic stability. While the US economy was bleeding last year South Korea adopted numerous economic reforms in early 2009, amid the global … [visit site to read more]


Current Sentiment Of Gold And The U.S. Stock Market

Posted: 19 Aug 2010 10:28 PM PDT

Tonight’s post will revisit the subject of sentiment, look at how the current sentiment of both gold and the stock market compare with recent price action and also consider the momentum that exists going into tomorrow’s Friday trade.

This first chart is today’s put/call ratio from Schaeffer’s Research for the gold ETF (GLD).  No surprise to us, those pesky gold bears have found themselves on a very hot frying pan since the July 28 bottom in Gold….and have been fleeing to the bull … [visit site to read more]


Hotel Occupancy On The Rise

Posted: 19 Aug 2010 09:03 PM PDT

1. Sacramento.

2. San Francisco

3. South Carolina

4. Charleston

5. South Florida

6. Houston

7. Orlando

8. Hawaii

9. NYC

10. … [visit site to read more]


Singapore Stock Market Update For Friday 20 August

Posted: 19 Aug 2010 09:00 PM PDT

Morning Highlights

Singapore market retreated slightly with STI opened at 2934.72, on Wall Street overnight losses. U.S. stocks tumbled after  jobless claims were unexpected higher.
We advise to continue to stay on the sideline for the time being. Meanwhile, we have some good news to share, keep in tune for our post later during the day.

UIC broke 2.23

Watch Out For Economic News Today:

Hong Kong July CPI

Corporate Announcements:

Straits Asia Resources announced a significant … [visit site to read more]


African ETFs- A Diamond In The Rough

Posted: 19 Aug 2010 08:17 PM PDT

As the world seeks natural resources and economic growth, Africa's economy may continue to witness expansion enabling the Market Vectors Africa Index (AFK) and the SPDR S&P Emerging Middle East & Africa ETF (GAF) to reap the benefits.
According to a report by McKinsey & Company during the eight year period from 2000 to 2008, the world's second largest and second most populous continent witnessed a compound economic growth rate of 4.9 percent.  Although this growth is … [visit site to read more]


1) The Recession Saved 874 Lives In 2009; 2) Would 2,000 Female Deaths Be Worth It For Pay Equity?

Posted: 19 Aug 2010 08:08 PM PDT

A few months ago the Bureau of Labor Statistics (BLS) recently released its annual study “Highlights of Women's Earnings in 2009″ and opened the report with the following statement:

“In 2009, women who were full-time wage and salary workers had median weekly earnings of $657, or about 80 percent of the $819 median for their male counterparts.”

Today the BLS released its annual report on “Fatal Occupational Injuries in 2009″ with the following highlights:

1. A … [visit site to read more]


Stock Picks For Friday 20 August: Sirius XM Radio, Gold Star Resources, Vista Gold, Barrick Gold, Goldcorp, Cell Therapeutics, Generex Biotechnology

Posted: 19 Aug 2010 06:27 PM PDT

( click to enlarge )

Gold Star Resources (GSS) - The stock was volatile and indecisive during the trading session today, but closed slightly higher at 4.63. The bias is neutral in nearest term but as long as price move above the major moving averages, the pressure still more to the upside. I think I will stand aside for now as the direction of the stock is unclear. The immediate support is at $4.50. On the upside, 4.91 region remains potential bullish target especially if the … [visit site to read more]


Crude Attempts To Confirm Reversal, Gold Extends A Remarkable Trend

Posted: 19 Aug 2010 05:00 PM PDT

North American Commodity Update
Commodities - Energy
Has Crude Established a Critical Trend Break on a Light Fundamental Day?
Crude Oil (LS Nymex) - $74.43 // -$0.99 // -1.31%
Technical traders will note that Thursday's close for US-based crude officially pushed the lower boundary of a three-month rising trend channel. If this were to occur when the general activity level of the market were higher, earlier in the week or amid a thicket of scheduled event risk; there would almost certainly be … [visit site to read more]


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