Daily Markets - Stock Picks For Monday 1 August: Power One, Hershey, Banner Corporation, Generex Biotechnology
Daily Markets - Stock Picks For Monday 1 August: Power One, Hershey, Banner Corporation, Generex Biotechnology |
- Stock Picks For Monday 1 August: Power One, Hershey, Banner Corporation, Generex Biotechnology
- Bill Gross: Slower-growing Population Will Hamper Economic Growth
- US GDP Growth On Year-ago Basis Highest Since 2005
- Zandi Vs Taylor: Did Stimulus Funding Help Or Hurt The U.S. Economy?
- Eurozone Business And Consumer Confidence On The Up
- Japan’s Economy Slows
- The Week Ahead
- The (real) View
- Overpriced Rand Hampers Competitiveness Of SA Economy
- South Africa’s 2020 Vision
- Have We Hit The Gold Bottom Or Could It Go Down Further?
- Tax Cuts, Tax Hikes, It’s All Relative
| Stock Picks For Monday 1 August: Power One, Hershey, Banner Corporation, Generex Biotechnology Posted: 01 Aug 2010 03:33 AM PDT ( click to enlarge ) Power One (NASDAQ:PWER) remains one of the hottest stocks on the market. The stock sky-rocketted 25% with heavy volume to $12.43 per share on today’s trading session, after the company announced financial results for the second quarter 2010. Power-One posted record net sales of $215 million for the second quarter ended July 4, 2010, an increase of 135% from the second quarter 2009. Net income attributable to common stockholders for the second quarter was $24 million, … [visit site to read more]
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| Bill Gross: Slower-growing Population Will Hamper Economic Growth Posted: 01 Aug 2010 01:01 AM PDT Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly newsletter, this month entitled "Privates Eyes", therefore always makes for thought-provoking reading.
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| US GDP Growth On Year-ago Basis Highest Since 2005 Posted: 01 Aug 2010 12:57 AM PDT On a year-ago basis the US economy grew at it fastest pace in the second quarter this year since the first quarter of 2005. Year-on-year growth accelerated from an adjusted 2.39% in the first quarter to 3.17%. This was in line with the 3% to 3.5% implicated by the GDP-weighted PMI as I indicated a week or two ago. Sources: I-Net Bridge; Plexus Asset Management.
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| Zandi Vs Taylor: Did Stimulus Funding Help Or Hurt The U.S. Economy? Posted: 01 Aug 2010 12:47 AM PDT A new study by economists Mark Zandi and Alan Blinder showed the U.S. government's nearly $800 billion economic stimulus and the Wall Street bailout likely steered the American economy away from another depression. Jeffrey Brown moderates a debate between Zandi and Stanford University economist John Taylor.
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| Eurozone Business And Consumer Confidence On The Up Posted: 01 Aug 2010 12:44 AM PDT Flash data released by the European Commission for July are surprising on the upside. The Economic Sentiment Index came in at 101.3 compared to 99.0 in June – the highest level since May 2008. The increase in confidence was broad based, except in the case of the building sector where confidence is still extremely negative. Consumer confidence also improved but remains subdued. Sources: I-Net Bridge; Plexus Asset Management.
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| Posted: 01 Aug 2010 12:18 AM PDT While the Nomura/JMMA Purchasing Managers Index for July continues to signal expansion in Japan's manufacturing sector, the Index fell for the second consecutive month to 52.8%. According to Markit, the rate of expansion in manufacturing production was the slowest in more than a year.
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| Posted: 01 Aug 2010 12:12 AM PDT The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead. Europe: Interest rate announcements
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| Posted: 01 Aug 2010 12:06 AM PDT |
| Overpriced Rand Hampers Competitiveness Of SA Economy Posted: 01 Aug 2010 12:04 AM PDT The extreme valuation of the rand, especially against other commodity-related currencies, poses a serious threat to South Africa's competitiveness in global markets. Where other commodity-export economies are receiving a boon through the revival of specifically metals prices in US dollars the South African economy lags significantly as a result of the rand's strength. Where metal prices in other commodity currencies are down by only 12.4% from the highs in May 2008, the Economist Metal … [visit site to read more]
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| Posted: 31 Jul 2010 11:28 PM PDT By Cees Bruggemans, Chief Economist of FNB.
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| Have We Hit The Gold Bottom Or Could It Go Down Further? Posted: 31 Jul 2010 09:53 PM PDT In the last two essays we have emphasized the influence that the dollar and main stock indices might have on the precious metals and we have summarized our last essay by stating that we are likely to see a short-term bounce to the upside (…) perhaps very soon. Since this is what happened we would like to let you know where - in our opinion - gold is likely to go next. However before providing you with gold charts, please take a moment to study the following euro charts, as it will … [visit site to read more]
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| Tax Cuts, Tax Hikes, It’s All Relative Posted: 31 Jul 2010 07:35 PM PDT The changes in the income tax rates that took effect in 2001 and 2003 are referred to as the “Bush tax cuts,” and you’ll find more than one million results for a Google search of the phrase “Bush tax cuts.” Certainly, compared to the “Clinton tax hikes” that took effect in 1993 and raised the top marginal income rate to 39.6%, the reductions of the top tax rate to 38.6% in 2002 and 35% in 2003 were “tax cuts” (see chart above). But if you go back further and compare the Bush … [visit site to read more]
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