Thursday, August 5, 2010

Daily Markets - Google’s Android Winning The War Against Apple’s iPhone

Daily Markets - Google’s Android Winning The War Against Apple’s iPhone


Google’s Android Winning The War Against Apple’s iPhone

Posted: 05 Aug 2010 03:47 AM PDT

The struggle for dominance in the smartphone market is heating up and Google Inc.’s (NASDAQ:GOOG) Android operating system for handsets appears to be winning the war against Apple Inc.’s (NASDAQ:AAPL) iPhone system.

When Apple debuted the iPhone 4 on June 24 it broke sales records. In the first three days, the company sold 1.7 million devices in the United States, the United Kingdom, Japan, France and Germany, the most for any version of its top-selling product.

But the popular device has … [visit site to read more]


Momentum Stock: Deckers Outdoor Corp.

Posted: 05 Aug 2010 03:26 AM PDT

Deckers Outdoor Corp. (NASDAQ:DECK) recently rebounded from a key trend line to move within striking distance of the all-time high after reporting an awesome 130% Q2 earnings surprise in late July. Estimates have since jumped higher, helping create a unique combination of momentum and value.
Company Description
Deckers Outdoor Corp. designs and sells footwear and accessories for outdoor and casual uses worldwide. The company was founded in 1973 and has a market cap of $1.94 billion.
We recently … [visit site to read more]


Growth & Income Stock: Maxim Integrated Products

Posted: 05 Aug 2010 03:26 AM PDT

Maxim Integrated Products’ (MXIM) demand is so strong that the company is going to increase capacity. That should set the stage for strong revenue and earnings growth for the next year or two.
Growth and Income
The company is expected to grow its earnings per share 44.0% in fiscal 2011, 14.8% in fiscal 2012, and 12.5% over the long term. Its trailing 12-month return on equity is 12.4%. The stock also offers investors a juicy dividend yield of 4.6%.
This Zacks #2 Rank stock trades at just … [visit site to read more]


Aggressive Growth Stock: MWI Veterinary Supply, Inc.

Posted: 05 Aug 2010 03:26 AM PDT

MWI Veterinary Supply, Inc. (NASDAQ:MWIV) surged to an all-time high following its latest earnings surprise. Bullish guidance and estimate revisions have shares trading at value relative to its industry.
Company Description
MWI Veterinary Supply distributes animal health products in the U.S. and U.K. Items range from pharmaceuticals and vaccines to diagnostic tools. The company serves both the production and companion animal markets.
Revenue Surges 40%
On Jul 29 MWI Veterinary Supply reported fiscal … [visit site to read more]


More On Iran, China

Posted: 05 Aug 2010 12:34 AM PDT

A couple of brief follow-ups to previous posts:

Rumors of war
Further to my recent post on the possibility of war as the reflationary trade, the Fabius Maximus blog pointed out that VIPS, a group of senior people within the US intelligence community, ihas published an open letter to Obama warning about an Israeli strike on Iran:

We VIPS have found ourselves in this position before. We prepared our first Memorandum for the President on the afternoon of February 5, 2003 after Colin Powell's … [visit site to read more]


Modest Job Gains Won’t Cut The High U.S. Unemployment Rate

Posted: 05 Aug 2010 12:01 AM PDT

Employment reports released this week show mixed results, but lead to the same conclusion: The high unemployment rate isn’t improving any time soon.

U.S. private-sector jobs last month grew by only 42,000, according to a report issued yesterday (Wednesday) by payrolls processor Automatic Data Processing, Inc. (NYSE:ADP). ADP revised the number of jobs added in June to 19,000 from 13,000, which fell far short of economists’ predictions of 39,000.

The ADP report “shows continued weakness … [visit site to read more]


Crude Oil Holdings Steady Despite Elevated Inventories, Gold Win Streak Reaches Six

Posted: 04 Aug 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Holds Steady Despite Elevated Inventories
Crude Oil (WTI) $82.19 -$0.28 -0.34%
Commentary: Crude oil was close to unchanged in Wednesday's session, despite surging U.S. inventories. The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories decreased by 2.8 million barrels, gasoline inventories increased by 0.7 million barrels, distillate inventories increased by 2.1 million barrels, and total petroleum inventories … [visit site to read more]


Crude Oil Holdings Steady Despite Elevated Inventories, Gold Win Streak Reaches Six

Posted: 04 Aug 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Holds Steady Despite Elevated Inventories
Crude Oil (WTI) $82.19 -$0.28 -0.34%
Commentary: Crude oil was close to unchanged in Wednesday's session, despite surging U.S. inventories. The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories decreased by 2.8 million barrels, gasoline inventories increased by 0.7 million barrels, distillate inventories increased by 2.1 million barrels, and total petroleum inventories … [visit site to read more]


Crude Oil Inventories Watch: Week Ending 07/30/2010

Posted: 04 Aug 2010 11:51 PM PDT

Total petroleum inventories increased much more than the 5-year average. The surplus now stands at 80.269 million, or 7.7% above the 5-year average, up from 7.1% in the prior week. Total petroleum inventories are now above the year ago level and at 10-year highs.

Crude oil inventories decreased as imports plummeted from last week's elevated levels. The overall surplus to the 5-year average decreased to 29.938 million barrels, or 9.1%, down from 9.1% a week ago.

Product inventories rose, as … [visit site to read more]


Forex Trading: Market Volatility Expected To Continue Today Before Unemployment Claims

Posted: 04 Aug 2010 11:44 PM PDT

Market Volatility Expected to Continue Today before Unemployment Claims
The US Weekly Unemployment Claims is the primary publication today and will likely determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the dollar and EUR, is the publication of the European Minimum Bid Rate at 11:45 GMT. Traders may find good opportunities to enter the market following these significant … [visit site to read more]


Bear Of The Day: Becton, Dickinson (BDX)

Posted: 04 Aug 2010 11:05 PM PDT

We are downgrading our recommendation on Becton, Dickinson (NYSE:BDX) to Underperform. We believe the company’s disposable and consumable products remain vulnerable to slowdown in hospital, lab-testing and doctor-visit volumes in the U.S. and Europe.
Third-quarter fiscal 2010 earnings of $1.29 per share beat the Zacks Consensus Estimate by $0.04 while falling short of the year-ago earnings. While Becton’s focus on safety-engineered products gained momentum in the past (as health-care providers … [visit site to read more]


Bull Of The Day: MWI Veterinary Supply (MWIV)

Posted: 04 Aug 2010 11:05 PM PDT

MWI Veterinary Supply (NASDAQ:MWIV) reported third-quarter EPS of $0.74, surpassing the Zacks Consensus Estimate of $0.59 and the year-ago earnings of $0.54. We are pleased to note that based on a strong quarter, the company raised its guidance for 2010.
In spite of a highly fragmented veterinary market, MWI has been able to maintain strong sales growth. The company has witnessed substantial market share gains, encompassing both new as well as existing customers. Through its acquisition of UK-based … [visit site to read more]


Forex Trading: EUR/USD Finding Short Term Support From 100 Hr MAVG

Posted: 04 Aug 2010 10:47 PM PDT

So far this session the EUR/USD pair has tested the 100 hour moving average multiple times; which now comes in at 1.3143. On the hourly chart below you can also see that the pair has been trading in the area of the 38.2% retracement line on the move from the low on July 30th to the high on August 3rd. If resistance holds, we may see the pair visit the 23.6% line at 1.3194. On the other hand, if some selling occurs, the first downside target is the 50.0% line at … [visit site to read more]


An Example Of How To Play Stock Gap Ups

Posted: 04 Aug 2010 10:41 PM PDT

A while ago, I had written a series of posts on the mentality behind chasing gap ups and how to play them. I quote from Pat 3 of that series:

“If the stock gaps up above an important resistance, wait for a successful test of this resistance, which has now become support, and then enter the stock. For example, the chart was forming an ascending triangle until yesterday and today gaped up above the horizontal line, wait for a bounce off this horizontal line before entering the … [visit site to read more]


Singapore Stock Market Update For Thursday 05 August

Posted: 04 Aug 2010 07:03 PM PDT

Morning Highlights

Singapore market started slightly higher, with STI up 14.14 points to open at 3016.01, following gains on Wall Street overnight. Other Asian shares have also gained from rosy U.S. data that helped Wall Street move higher.

NOL broke 2.13

UE broke 2.34

Leader Environment broke 0.275

Conscience Food open 0.29 vs 0.22

Watch out for Economic News Release Today:

European Central Bank will announce any change in interest rates

Corporate Announcements:

Cosco … [visit site to read more]


11 Reasons Why The Federal Reserve Is Not Good For The United States

Posted: 04 Aug 2010 06:55 PM PDT

Millions of Americans are waking up to the fact that the Federal Reserve is bad, but very few of them can coherently explain why this is true.  For decades, an unelected, privately-owned central bank has controlled America’s currency, run our economy and has driven the U.S. government to the brink of bankruptcy.  It operates in great secrecy, it has never been subjected to a comprehensive audit and yet the actions it takes have an impact on every single American.  It is an institution … [visit site to read more]


U.S. Stock Market Waiting On Unemployment Report

Posted: 04 Aug 2010 06:36 PM PDT

There’s not much more to say about Wednesday’s action that hasn’t already been said this week - it’s a GRIND! Pay attention to the Claims data due out before the open at 8:30am ET. It’s worth taking a look at the key support and resistance levels going into the numbers tomorrow and Friday. For the S&P 500 cash, watch Resistance at 1130 and Support at 1122, to see if there are some early entrants or exits in front of the all important unemployment number. See you Midday.

Trading was … [visit site to read more]


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