Daily Markets - ERCI Watch: Further Slight Improvement, But Tread Carefully

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• ERCI Watch: Further Slight Improvement, But Tread Carefully
• Robin Griffiths: Stocks – “get Me Out Of Here”
• Technical Talk: Any Bounce To Be Short-lived
• Charlie Rose: Face To Face With Roach And Fallows On China
• Kyle Bass’ Best Investment Ideas
• Laugh Out Loud: Translating Fed Speak
• SA Economic Drag Anchors Fully Deployed
• Forex Trading: Gbp Higher As MPC Votes 8-1 To Keep Rate At 0.5%
• Crude Oil Inventories In Focus, Gold Holds Steady Despite Rallying Equities
• Forex Trading: Euro Gains On Successful Spanish And Irish Debt Auctions
• Growth & Income Stock: Nu Skin Enterprises Inc.
• Bear Of The Day: PetMed Express, Inc.
• Momentum Stock: Advance Auto Parts, Inc.
• Bull Of The Day: Fomento Economico Mexicano
• Aggressive Growth Stock: Buffalo Wild Wings
• Intrade Odds Above 60% For Reps To Take House
• A Diversified Approach To Play Corporate Bond ETFs
• Understanding How ETFs And ETNs Are Taxed
• The Straight Scoop
• Stock Market Rallies Thanks To Housing News

ERCI Watch: Further Slight Improvement, But Tread Carefully Posted: 18 Aug 2010 02:58 AM PDT The ECRI Weekly Indicator for the week ended August 6 came in at 122.4 compared to the previous week's 121.7. The closely-watched ECRI WLI Smoothed Annualised Growth Rate came in at -9.8% compared to the -10.3% of the previous week. That compares to our forecast of "unchanged/slight improvement". The marginally improved growth rate can largely be attributed to the improvement of the S&P 500 growth rate from -0.7% to 2.4%. Sources: ECRI (various internet sources); I-Net; Plexus Asset … [visit site to read more]

Robin Griffiths: Stocks – “get Me Out Of Here” Posted: 18 Aug 2010 02:54 AM PDT Robin Griffiths of Cazenove Capital joined CNBC for a technical outlook to the markets. He has been very accurate with his calls over the years and is always worth listening … [visit site to read more]

Technical Talk: Any Bounce To Be Short-lived Posted: 18 Aug 2010 02:53 AM PDT The comments below were provided by Kevin Lane of Fusion IQ. As seen in the chart below, the S&P 500 is now down 4.25% after violating its uptrend line (green line). The sell-off has been on low volume, commensurate with the summer malaise. Given the short, quick sell-off we would expect some counter-trend rally to develop here for a few days. However, given the larger macro issues and the backdrop of September/October looming we expect any bounce to be short-lived and revert lower in … [visit site to read more]

Charlie Rose: Face To Face With Roach And Fallows On China Posted: 18 Aug 2010 02:49 AM PDT Charlie Rose sits down with James Fallows of "The Atlantic Monthly" and Stephen Roach, senior executive with Morgan Stanley to discuss China's economy. A link to the transcript of the interview follows at the end of the post Click here or on the image below to view the video. Click here for a transcript of the … [visit site to read more]

Kyle Bass’ Best Investment Ideas Posted: 18 Aug 2010 02:47 AM PDT Hedge fund manager Kyle Bass, managing partner at Hayman Investments, shares his market outlook and investment ideas with the CNBC's … [visit site to read more]

Laugh Out Loud: Translating Fed Speak Posted: 18 Aug 2010 02:39 AM PDT … [visit site to read more]

SA Economic Drag Anchors Fully Deployed Posted: 18 Aug 2010 02:36 AM PDT By Cees Bruggemans, Chief Economist of FNB. Reportedly, the SARB may only consider cutting interest rates if growth takes a (decided) turn for the worse and inflation remains non-threatening, with downside risk. Be careful what you wish for, yet much suggests confirmation on all scores. Though SARB is forward-looking, the present usually counts for most. It is in the present that much evidence keeps piling up in favour of a September rate cut, financial markets now for some 70% discounting this … [visit site to read more]

Forex Trading: Gbp Higher As MPC Votes 8-1 To Keep Rate At 0.5% Posted: 18 Aug 2010 01:40 AM PDT Gbp higher as MPC votes 8-1 to keep rate at 0.5%. Sentance wants increase of 25 basis points. Gbp/Usd up nearly 70 points to … [visit site to read more]

Crude Oil Inventories In Focus, Gold Holds Steady Despite Rallying Equities Posted: 17 Aug 2010 11:51 PM PDT Commodities – Energy Crude Oil Inventories in Focus Crude Oil (WTI) - $75.55 // -$0.22 // -0.29% Commentary: Crude oil rallied $0.53, or 0.70%, on Tuesday, breaking a five session losing streak. The advance, however, was quite tame relative to both last week's decline and the 1.2% rally in equity markets. The oil market may be finally be acknowledging that fact that supply remains abundant, with inventories in the U.S. at 10-year highs. If the API survey is any indication, the DOE report … [visit site to read more]

Forex Trading: Euro Gains On Successful Spanish And Irish Debt Auctions Posted: 17 Aug 2010 11:16 PM PDT Euro Gains on Successful Spanish and Irish Debt Auctions The EUR rose against the US Dollar and came off 7-week lows against the Japanese Yen on Tuesday, helped by solid results of Irish and Spanish bond auctions which alleviated concerns about the heavily indebted Euro-Zone countries. The EUR rose 0.2% against the yen to 109.95 after an early fall as low as 109.10. Economic News USD - Dollar Trades Lower Against the EUR The dollar fell against the EUR on Tuesday, as prospects of more weak … [visit site to read more]

Growth & Income Stock: Nu Skin Enterprises Inc. Posted: 17 Aug 2010 11:05 PM PDT Nu Skin Enterprises Inc. (NYSE:NUS) is proving that even a global recession can’t keep people from wanting to look young. Earnings are expected to grow by 32.9% in 2010 on the strength of its anti-aging skin care systems. Nu Skin Enterprises is a direct selling business with three brands including Nu Skin personal skin care line called ageLoc, and Pharmanex. The company operates in 48 markets around the globe and has 750,000 independent sales representatives. Nu Skin Posts Record Second Quarter On … [visit site to read more]

Bear Of The Day: PetMed Express, Inc. Posted: 17 Aug 2010 11:05 PM PDT PetMed Express, Inc. (NASDAQ:PETS) reported first-quarter fiscal 2011 EPS of $0.32, way below the Zacks Consensus Estimate of $0.38 and the year-ago quarter’s $0.36. The company witnessed a decline in revenues due to a lack of television remnant space availability at affordable rates. Moreover, both gross and operating margins declined during the quarter driven by increase in higher product costs and higher advertising cost to acquire a new customer. Economic uncertainty is taking a toll on the … [visit site to read more]

Momentum Stock: Advance Auto Parts, Inc. Posted: 17 Aug 2010 11:05 PM PDT Advance Auto Parts, Inc. (NYSE:AAP) just hit a new multi-year high after reporting strong Q2 results in mid August that included a 14% earnings surprise. Estimates are on the rise and the valuation picture is in check, providing some solid upward momentum for this Zacks #1 rank stock. Company Description Advance Auto Parts, through its subsidiaries, operates as a retailer of automotive aftermarket parts and accessories. The company owns or operates about 3,500 stores nation wide and has a market … [visit site to read more]

Bull Of The Day: Fomento Economico Mexicano Posted: 17 Aug 2010 11:05 PM PDT Fomento Economico Mexicano (NYSE:FMX) is the largest Coca-Cola bottler in Latin America and commands a strong portfolio of well-established brands. The company’s earnings from continuing operations jumped 29.7% y-o-y in the second quarter of 2010 driven by higher sales and robust gross margin growth. Moreover, the recent divestiture of brewery operations offers FEMSA greater financial and strategic flexibility to pursue opportunities in its core businesses. Furthermore, the company is taking … [visit site to read more]

Aggressive Growth Stock: Buffalo Wild Wings Posted: 17 Aug 2010 11:05 PM PDT Buffalo Wild Wings (NASDAQ:BWLD) topped expectations a couple weeks ago and now has analysts raising estimates. Growth rates are looking strong and a sell of in the spring produced a great buying opportunity. Company Description Buffalo Wild Wings owns, operates and franchises the popular sports bar chain bearing the same name. Currently there are almost 700 locations in 44 states. Convincing Earnings Surprise On Jul 27 the wing slingers reported quarterly earnings that showed a 12.4% jump in … [visit site to read more]

Intrade Odds Above 60% For Reps To Take House Posted: 17 Aug 2010 08:39 PM PDT Intrade odds that the Republicans will control the House after the November elections have been trading above 60% for the last six days, and the current closing price … [visit site to read more]

A Diversified Approach To Play Corporate Bond ETFs Posted: 17 Aug 2010 08:17 PM PDT As strength of a sustainable economic recovery continues to remain wary, unemployment remains high and consumer demand grows at a snail's pace, corporate bonds, and the exchange traded funds [[ETFs]] that track them, could pose an opportunity for investors. A notable play of the corporate bond market is the SPDR Barclays Capital International Corporate Bond ETF (IBND), which tracks the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index, carries an expense ratio of 0.55% … [visit site to read more]

Understanding How ETFs And ETNs Are Taxed Posted: 17 Aug 2010 07:17 PM PDT As with all other sources of income, income that is generated through exchange traded funds [[ETFs]] and exchange traded notes [[ETNs]] are subject to increasing an investor's tax liability.  So one doesn't get hit out of left field, here is a summary of how ETFs and ETNs are taxed. With the vast array of ETFs to choose from, taxes can get tricky.  In general the tax treatment of ETFs is relatively simple and is applicable to long-term and short-term capital gains rules and … [visit site to read more]

The Straight Scoop Posted: 17 Aug 2010 06:43 PM PDT You’ve heard what the clueless analysts, disingenuous policymakers, conflicted Wall Street paper-pushers, and corporate cheerleaders have had to say about the so-called recovery. Now listen to what one of the world’s largest private companies — which presumbaly means they don’t have to worry too much about “managing” expectations or convincing the masses to believe in financial fairytales — has to say about where things stand: “Cargill Sounds Warning of a Slow Recovery” (Financial … [visit site to read more]

Stock Market Rallies Thanks To Housing News Posted: 17 Aug 2010 06:31 PM PDT The market held up again into the After Hours. Some market watchers are attributing the rally today on improved month-over-month Housing starts numbers, but remember that June was one of the lowest in over a year, so I would not put much emphasis on those results. If the market can break upside resistance of 1100 on the SPX, the bulls could have some steam to challenge the beginning of the month highs. One note, PPI data showed today that inflation is in check and that global deflation is … [visit site to read more]

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