Wednesday, August 25, 2010

Daily Markets - Investing In Chile

Daily Markets - Investing In Chile

Investing In Chile

Posted: 25 Aug 2010 01:01 AM PDT

For decades, investors with an interest in Latin America were essentially looking at a few nations like Brazil, Argentina and Mexico with much more interest than any other country. While Brazil continues to be the most talked about investment destination in Latin America, the serious investors with an eye for detail have been happily playing the Chilean markets with much more growth potential. Its evident that Chile doesn’t quite enjoy the celebrity status of rival Brazil, there is no … [visit site to read more]

A Generational New Frugality?

Posted: 25 Aug 2010 12:55 AM PDT

I have written about the economic headwinds faced by the Atlas generation before. Now David Rosenberg (free registration required) has highlighted a New York Times op-ed by Norihiro Kato on the emergence of a Generational New Frugality in Japan entitled Japan and the art of shrugging:

Three years ago, I saw a television program about a new breed of youngster: the nonconsumer. Japanese in their late teens and early 20s, it said, did not have cars. They didn't drink alcohol. They didn't … [visit site to read more]

Crude Oil Stumbles On Data, Gold Upside May Be Limited

Posted: 24 Aug 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Stumbles on Data
Crude Oil (WTI) - $71.89 // $0.26 // 0.36%
Commentary: A horrendous U.S. Existing Home Sales number sent crude oil reeling along with equity markets. Oil dropped $1.47, or 2.01%, after The National Association of Realtors said that the number of existing home sales in July fell to the lowest level since records began in 1999. The 3.83 million unit figure was much worse than the 4.65M that was expected and the 5.26M in the prior month. The fact … [visit site to read more]

Analyst Interviews: Medical Devices Industry Outlook

Posted: 24 Aug 2010 11:05 PM PDT

Prelude

The global medical devices industry is fairly large, intensely competitive and highly innovative with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market.

The industry is divided into different segments such as Cardiology, Oncology, Neuro, Orthopedic, Aesthetic Devices and Healthcare IT (HCIT). The U.S. medical devices industry continues to grow at a brisk rate, thanks to an aging Baby Boomer population, with Neuro, … [visit site to read more]

Bear Of The Day: BJ's Wholesale Club (BJ)

Posted: 24 Aug 2010 11:05 PM PDT

BJ’s Wholesale Club (NYSE:BJ) posted lower-than-expected second-quarter 2010 results. The quarterly earnings of $0.67 per share missed the Zacks Consensus Estimate of $0.73.
The company hinted that the quarter has been challenging, as it faced intense competition from supermarket stores trying to grab market share by going aggressive in their pricing. This compelled BJ’s to make pricing adjustments at the cost of margin. BJ’s forecast a sluggish economic recovery and a weak consumer spending … [visit site to read more]

Bull Of The Day: JAKKS Pacific (JAKK)

Posted: 24 Aug 2010 11:05 PM PDT

JAKKS Pacific (NASDAQ:JAKK) posted second quarter 2010 results, which were way ahead of the Zacks Consensus Estimate. Although key brands like WWE, Hannah Montana and Pokemon continued to weigh on the company’s sales growth, improving consumer spending and cost-cutting initiatives benefited its profitability.
Besides, the company sits on ample cash balance. We remain optimistic about the company’s long-term growth potential with new product launches, possible acquisitions, improved earnings helped … [visit site to read more]

Growth & Income Stock: DDi Corporation

Posted: 24 Aug 2010 11:05 PM PDT

DDi Corporation (NASDAQ:DDIC) is expected to grow earnings by over 800% in 2010 as demand remains strong from electronics manufacturers.
DDi manufactures printed circuit boards that help leading electronics OEMs and contract manufacturers from around the world develop new products.
DDi Corp. Surprised by 52.6% in the Second Quarter
On July 29, DDi Corporation reported second quarter results that surprised on the Zacks Consensus for the second quarter in a row. Earnings per share were 29 cents … [visit site to read more]

Aggressive Growth Stock: Applied Industrial Tech

Posted: 24 Aug 2010 11:05 PM PDT

Applied Industrial Technologies, Inc (NYSE:AIT) easily topped Wall Street’s expectations and gave an optimistic forecast heading into a new fiscal year.
Company Description
Applied Industrial Technologies, Inc provides a variety of industrial products like bearings, industrial rubbers, fluid power products, etc.
Net Income Jumps
On Aug 10 Applied Industrial Technologies reported fourth-quarter and full-year results. Net income for the year jumped 56% to almost $66 million. Full-year earnings per … [visit site to read more]

Momentum Stock: Amerigroup Corp.

Posted: 24 Aug 2010 11:05 PM PDT

Amerigroup Corp. (NYSE:AGP) continues to pressure its multi-year high after more than doubling the Zacks Consensus Estimate in its recent Q2 results. The great quarter pushed the current-year estimate 25% higher, now pegged at $3.48, a 44% growth projection.
Company Description
Amerigroup Corp. operates as a multi state managed healthcare company with an emphasis on serving people receiving healthcare benefits through publicly sponsored programs such as Medicare and Medicaid. The company was … [visit site to read more]

With A 27 Percent Drop In US Home Sales, Things Are Only Going To Get Worse For The Housing Market

Posted: 24 Aug 2010 10:01 PM PDT

On Tuesday the National Association of Realtors announced that existing home sales in the United States dropped a whopping 27.2% in the month of July.  The consensus among analysts was that we would see a drop of around 13 percent, so when the 27 percent figure was announced it sent a shock through world financial markets.  Only 3.83 million units were sold in July, which was down from 5.26 million in June, and which was the lowest number that the National Association of Realtors has … [visit site to read more]

Forex Trading: Usd/Jpy; Good Hourly Resistance

Posted: 24 Aug 2010 09:26 PM PDT

Usd/Jpy is trading near the 38.2% fibo retracement of move down from 85.80 to 83.56. The pair is having a hard time breaking above this resistance line and seems to be under some pressure. Light support around 84.10-15 level. Tough to have confidence in any support line, so i look for 83.56 to be target for short covering. If the pair braks above the 50% fibo at 84.68 should lend more … [visit site to read more]

US Stock Market Correction Warning: A Third Hindenburg Omen Confirmation?

Posted: 24 Aug 2010 07:38 PM PDT

If I said today was a terrible day in the markets that would be a clear understatement.  Even with almost everyone knowing that housing numbers would be well below expectations, it still seemed to come as a surprise as the markets fell at the open and fell further when the troubling figures were released around 10am Eastern.

As soon as we touched the lows of the day, we saw the bulls make an early morning bounce attempt to work towards even on the day.  Not only did that attempt fail … [visit site to read more]

A Bad Assumption

Posted: 24 Aug 2010 07:10 PM PDT

Although many factors helped bring about the worst financial crisis this century, perhaps the most underappreciated was the widespread reliance on bad assumptions.
Many people took it for granted that what had happened many years ago was, well, ancient history; they figured that with all of the regulatory and other backstops in place, any problems that might crop up would be dealt with by authorities in one way or another; they bet the ranch on the view that low-probability events were not … [visit site to read more]

Stock Market Indices Finish At Worst Levels In Flight For Safety

Posted: 24 Aug 2010 06:13 PM PDT

Flight for safety was the trade of the day in spite of the fact that the indices finished at their worst levels. This was the only glimmer of light for the bulls, the fact that the downside did not exhibit more follow through after a terrible morning and midday. Bonds were the big winners today — the price of the 30 yr closed at 135-26 +1.22 and yields continued tanking 3.67%. Utilities, (XLU), were also a defensive play beneficiary due to continued domestic and global economic fears. … [visit site to read more]

Forex Trading: EuroZone’s Sovereign Debt Issues Continue

Posted: 24 Aug 2010 05:36 PM PDT

Into the turn of the trading day Irelands long-term sovereign debt was downgraded from AA to AA-; with the debt issues in Europe continuing to serve as a warning for the Euro bulls out there. Risk immediately sold off but the EUR/USD pair didn't make new lows, finding bids ahead of the 1.26 handle, in what was a thin market after a volatile day. The pair is currently hovering around the 50% retracement from the move off the June lows below the 1.19 level. The risk profile in … [visit site to read more]

Self Fulfilling Prophecy: The Bond Trade

Posted: 24 Aug 2010 05:34 PM PDT

The 10 year T-Note is currently yielding 2.5%, and the fed`s latest quantitative easing initiative is becoming counterproductive to their stated purpose of trying to stimulate the economy by encouraging more risk taking, i.e., private capital utilization seeking attractive return on investment opportunities. The issue is that Mr. Ben Bernanke and the fed governors although great academicians have failed to take account for how traders and financial markets impact and take advantage of fed … [visit site to read more]

Why The US Dollar Is Key To The Stock Market And Gold

Posted: 24 Aug 2010 05:15 PM PDT

Stocks:

The move to a lower low on Friday puts the odds squarely in the “one more leg down” camp. I’ve noticed a couple of patterns emerging in the stock market. The first one is the tendency for a market cycle to bottom on an anticipated news event. The last two intermediate cycle lows bottomed on or one day prior to a jobs report.

The second is the tendency for a cycle to bottom only after a fake out earlier in the cycle.

I’ve been expecting a short daily cycle to … [visit site to read more]
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