Daily Markets - Forex Trading: Eurozone Flash PMI

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• Forex Trading: Eurozone Flash PMI
• A Warning From The Cyclicals
• Crude Oil Steady After $10 Drop, Gold Investor Demand Picks Up
• Singapore Stock Market Update For Monday 23 August
• Forex Trading: Dollar And Yen Strengthen As A New Trading Week Begins
• Aggressive Growth Stock: Nanometrics Inc.
• Bear Of The Day: CRA International, Inc.
• Growth & Income Stock: WD-40 Company
• Bull Of The Day: Energizer Holdings
• Momentum Stock: Watts Water Technology, Inc.
• WSJ Finally Has Some Worthwhile Analysis On Gold
• Three Reasons Lithium Is Likely To Shine
• Getting Shafted In Other Ways

Forex Trading: Eurozone Flash PMI Posted: 23 Aug 2010 01:02 AM PDT Eurozone Flash Services PKI came in at 55.6, inline with expectations and slightly weaker than the prior reading of 55.8. Manufacturing PMI came in at 55.0, weaker than the 56.3 expected and prior reading of 56.7. Eur/Usd is trading slightly firmer at … [visit site to read more]

A Warning From The Cyclicals Posted: 23 Aug 2010 12:27 AM PDT Further to my post about the bond vs. stock market conundrum, here are some further warnings from the cyclicals. The first chart shows the relative performance of the cyclically sensitive Semiconductors against Technology stocks. The Semis have been weakening on a relative basis and violated a relative support level in early August. Looking at the relative returns of the broader Morgan Stanley Cyclical Index against the market, these cyclicals fell through a relative uptrend in early June … [visit site to read more]

Crude Oil Steady After $10 Drop, Gold Investor Demand Picks Up Posted: 22 Aug 2010 11:51 PM PDT Commodities – Energy Crude Oil Steady after $10 Drop Crude Oil (WTI) - $74.06 // $0.24 // 0.33% Commentary: The last two weeks have been a dismal period for crude oil, as the commodity has tumbled from close to $83 to nearly $73. Prices are currently up slightly to kick off the new week, after falling in four of the last five sessions. The drivers of price action remain the same: the global economic outlook with an emphasis on the United States; and inventory levels, which are at 10-year … [visit site to read more]

Singapore Stock Market Update For Monday 23 August Posted: 22 Aug 2010 11:13 PM PDT Morning Highlights Singapore market opened slightly lower, with STI at 2934.72. On the other hand, shares in Sydney is resilient despite uncertainty over who would form Australia’s next government after the country’s federal election resulted in a hung parliament Watch Out For Economic News Today: Singapore July CPI (July CPI up 3.1%) Euro-zone August PMI Manufacturing Corporate Announcements: Wilmar announced the acquisition of a Singapore sugar trading company, Windsor & Brook … [visit site to read more]

Forex Trading: Dollar And Yen Strengthen As A New Trading Week Begins Posted: 22 Aug 2010 11:12 PM PDT Dollar and Yen Strengthen As a New Trading Week Begins After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery, boosting risk aversion. Both the U.S. dollar and yen saw gains as a result. Will the dollar and the yen continue to strengthen this week as well? Economic News USD - Dollar Finishes Volatile Week with Green … [visit site to read more]

Aggressive Growth Stock: Nanometrics Inc. Posted: 22 Aug 2010 11:05 PM PDT Nanometrics (NASDAQ:NANO) is up sharply on its most recent earnings report. But shares are still a great value after sizable estimate revisions. Company Description Nanometrics makes control metrology systems used by semiconductor, LED, data storage and solar photovoltaic manufacturers. The systems are used to improve yields, productivity and lower costs. Revenue Surges On Aug 5 Nanometrics reported quarterly results that showed a 37% sequential increase in revenue, to $51 million. On a year over … [visit site to read more]

Bear Of The Day: CRA International, Inc. Posted: 22 Aug 2010 11:05 PM PDT CRA International’s (CRA) second-quarter earnings were modestly ahead of the Zacks Consensus Estimate primarily owing to the uptick in utilization rate backed by successful restructuring actions. Although litigation and management consulting related areas were reasonably active, clients cautious aggregate spending and a decline in organic revenue are expected to limit the company s growth. Overall, near-term visibility remains unclear, given the current volatile market trends. Despite showing … [visit site to read more]

Growth & Income Stock: WD-40 Company Posted: 22 Aug 2010 11:05 PM PDT WD-40 Company (NASDAQ:WDFC) recently announced it expected its fiscal 2010 earnings per share would meet or top its previously issued guidance. WD-40 manufactures 3 multi-purpose maintenance brands, WD-40, 3-IN-ONE and Blue Works, and 8 homecare and cleaning brands including 2000 flushes toilet bowl cleaners, Carpet Fresh and Lava heavy duty hand cleaner. On Aug 10, the company updated its July guidance and is now expecting EPS to meet or top its prior range of $2.05 to $2.14. Sales growth is … [visit site to read more]

Bull Of The Day: Energizer Holdings Posted: 22 Aug 2010 11:05 PM PDT Energizer Holdings’ (NYSE:ENR) third quarter 2010 earnings beat the Zacks Consensus Estimate by $0.39 per share or 41%, riding on higher sales, launch of new Schick Hydro, meaningful cost-saving initiatives, favorable foreign currency impact, higher battery sales and lower-than-expected A&P spending. We expect Energizer s top line to grow modestly (+4%) in the fourth quarter of 2010 along with an improved operating leverage and organic growth going forward. The new Schick Hydro brand, higher … [visit site to read more]

Momentum Stock: Watts Water Technology, Inc. Posted: 22 Aug 2010 11:05 PM PDT Watts Water Technology, Inc. (NYSE:WTS) continues to trade near its multi-year high after reporting better than expected Q2 results on August 3. Not only are estimates on the rise, but the valuation picture is in check too for this Zacks #1 rank stock. Second-Quarter Results Revenue for the period was up 5% from last year to $324 million. Earnings came in at 57 cents per share, 21% ahead of the Zacks Consensus Estimate calling for 47 cents. The company now has an average earnings surprise of 21% … [visit site to read more]

WSJ Finally Has Some Worthwhile Analysis On Gold Posted: 22 Aug 2010 11:01 PM PDT After the junk from Brett Arends and James Altucher, the WSJ finally has some worthwhile analysis on Gold. However, there are still many holes in this piece. The author basically concludes that Gold is a currency and not a commodity because it has followed US Dollar movements closely. Yes, we all know that Gold and the greenback usually move in opposite directions. However, while noting Gold as a currency, the author fails to note that it is a worldwide and universal … [visit site to read more]

Three Reasons Lithium Is Likely To Shine Posted: 22 Aug 2010 08:17 PM PDT One month ago, Global X announced the latest addition to its ETF product lineup, the Global X Lithium ETF (LIT), giving investors an easy way to play the metal and it has been a hit. Since its inception, LIT has topped $20 million in assets and regularly sees daily trading volumes north of a million shares.  LIT carries an expense ratio of 0.75%, holds 20 securities, all of which are engaged in some aspect of lithium, including mining, exploration and lithium-ion battery … [visit site to read more]

Getting Shafted In Other Ways Posted: 22 Aug 2010 05:37 PM PDT When people talk about how Washington has helped its friends on Wall Street (and elsewhere) at the expense of the little guy, the discussion usually centers on taxpayer-funded bailouts and the various liabilities taken on by the government (think AIG and Fannie Mae) that are bleeding the public coffers dry. But that is not the only way that the masses are getting shafted. Other policies that have been described as good for the economy as a whole have had unwelcome consequences. Aside from … [visit site to read more]

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