Thursday, August 19, 2010

Daily Markets - They Died Before The Oil Ran Out

Daily Markets - They Died Before The Oil Ran Out

They Died Before The Oil Ran Out

Posted: 19 Aug 2010 01:01 AM PDT

There is an open secret in the oil industry that dare not speak its name: peak oil.

Well, two did speak its name and gained no acclaim for it. One, M. King Hubbert, died years ago. The other and the most controversial, Matthew Simmons, died at his Maine summer home Aug. 8.

The peak oil idea is simple: Oil is a finite commodity, and one day we are going to use up all of it.

Hubbert, a geologist, began speculating on the effects of the gradual decline in worldwide production in the … [visit site to read more]

Crude Oil Falls On Abundant Supplies, Gold ETF Holdings Follow Price Higher

Posted: 19 Aug 2010 12:51 AM PDT

Commodities – Energy
Crude Oil Falls on Abundant Supplies
Crude Oil (WTI) - $75.50 // $0.08 // 0.11%
Commentary: Crude oil resumed its downtrend on Wednesday, falling $0.35, or 0.46%. Things were looking much worse early in the session, as traders anticipated a bearish inventory report after the API survey indicated the crude oil stocks had built over 5 million barrels last week. The DOE report did not reveal such a build, however, and in fact, showed that crude oil inventories declined by … [visit site to read more]

Retirement: It’s Not Just About Money

Posted: 19 Aug 2010 12:07 AM PDT

When I left Mother Merrill in early 2007 and announced that I would be moving into early retirement about nearly 30 years in the business (which eventually drove me crazy), I quoted Todd Harrison in my farewell email to friends and colleagues entitled “Cam really is leaving to spend more time with his family”:

I’m not going to say that success is insignificant, we know that’s not true, but I can tell you, from experience, that if you look for happiness in a bank account, you’re missing the … [visit site to read more]

Bull Of The Day: Union Pacific Corp

Posted: 18 Aug 2010 11:05 PM PDT

We upgrade our recommendation for Union Pacific Corp (NYSE:UNP) to Outperform, following its second quarter 2010 financial results, far ahead of the Zacks Consensus Estimates. The company generated record profit. This excellent performance was achieved through best-ever operating ratio, massive growth in business volume, cost control, and pricing gains.
An improving U.S. economy, massive surge in automotive shipments, and a sharp rebound in many of the company s end markets are expected to fuel … [visit site to read more]

Growth & Income Stock: Union Pacific Corporation

Posted: 18 Aug 2010 11:05 PM PDT

Union Pacific Corporation (NYSE:UNP), for the first time in 6 years, saw volume growth in all 6 of its business segments as the economic recovery gains steam. Earnings are expected to grow by 43.8% in 2010.
Union Pacific operates a railroad in 23 Western states. It ships agricultural products, automotive, chemicals, energy, industrial products and Intermodal.
Union Pacific is also the only U.S. railroad to serve all 6 major gateways into Mexico.
Record Second Quarter
Union Pacific reports early in … [visit site to read more]

Bear Of The Day: Walgreen Company

Posted: 18 Aug 2010 11:05 PM PDT

Walgreen Company (NYSE:WAG) posted third quarter fiscal 2010 earnings per share of $0.47, lower than the Zacks Consensus Estimate of $0.57 and year-ago quarter s $0.53. Walgreen’s strategy of store expansion coupled with operating acumen has made the company a leader in the retail drug store industry.
However, we are concerned about the competitive pressures faced by the company due to prescription reimbursement issues and slow introduction of new generic products. Moreover, our apprehensions are … [visit site to read more]

Aggressive Growth Stock: Wyndham Worldwide

Posted: 18 Aug 2010 11:05 PM PDT

Wyndham Worldwide (NYSE:WYN) and analysts are bullish on the future for the global hotel company.
Company Description
Wyndham Worldwide has about 7,200 hotels world wide in addition to a 3.8 million member Exchange & Rental program with more than 80,000 locations.
Rising Revenues
On Jul 28 Wyndham Worldwide reported second-quarter results that included revenues of $963 million, a 5% improvement since last year. This drove net income to a 34% jump, up to $95 million.
Earrings broke down to 51 … [visit site to read more]

Momentum Stock: Cinemark Holdings, Inc.

Posted: 18 Aug 2010 11:05 PM PDT

Cinemark Holdings, Inc. (NYSE:CNK) recently broke a short-term down trend after reporting better than expected Q2 results in early August. But in spite of the solid quarter and upward momentum, shares still trade at a discount to their peers.
Company Description
Cinemark Holdings, Inc. and its subsidiaries own and operate 424 movie theatres in the United States, Canada and Latin America and has a market cap of $1.79 billion.
Our most recent look at CNK came on August 5 when the company reported … [visit site to read more]

Forex Trading: EUR/USD Continues To Fall In Overnight Trading

Posted: 18 Aug 2010 10:59 PM PDT

EUR/USD Continues To Fall in Overnight Trading
After tumbling in afternoon trading yesterday, the EUR/USD continued to drop in overnight trading, reaching as low as 1.2780. Analysts attribute the drop to the euro’s inability to stay above the psychologically significant level of 1.2900. Today, the greenback could see some more gains against its European counterpart, should the weekly unemployment claims and Philly Fed Manufacturing Index show growth in the U.S. economy.
Economic News
USD - … [visit site to read more]

Health Insurance Companies Are Dramatically Increasing Premiums And There Isn’t Much We Can Do About It

Posted: 18 Aug 2010 10:07 PM PDT

Wasn’t the new health care reform law supposed to make health care more affordable for everyone?  Well, imagine my surprise when I opened up a letter from my health insurance company recently and found out that my health insurance premiums were going up by nearly 50 percent.  I am in perfect health and I have never had a single health insurance claim with this company.  Unfortunately, after doing a little research, I discovered that I am far from alone.  All over the United States, … [visit site to read more]

West Coast Shipping Boom In July

Posted: 18 Aug 2010 08:53 PM PDT

Following recent posts on shipping booms in July at the Port of Los Angeles and Port of Seattle, here are two more:

1. Port of Long Beach.  July shipping increased 35.8% compared to last year, and YTD shipping is 22.3% ahead of last year.  

2. Port of Oakland. July shipping increased 16.3% compared to last year, and YTD activitiy is 16.3% ahead of last … [visit site to read more]

Crude Oil Inventories Watch: Week Ending 08/13/2010

Posted: 18 Aug 2010 08:51 PM PDT

Inventories
The Department of Energy reported that in the week ending August 13th, 2010, U.S. crude oil decreased by 0.8 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 1.1 million barrels, and total petroleum inventories increased by 5.3 million barrels. Inventories remain at 10-year highs for the third week, while product inventories remain at record seasonal levels.

Total petroleum inventories surged further into 10-year high territory. The … [visit site to read more]

Markets In Everything: Using Parking Lot Satellite Surveillance To Forecast Retail Sales

Posted: 18 Aug 2010 08:38 PM PDT

Lowe’s Parking Lot

Target Parking Lot

“As part of a growing trend among hedge funds and Wall Street firms, Cold War-style satellite surveillance is being used to gather market-moving information.  The surveillance pictures are often provided by private- sector companies like DigitalGlobe in Colorado and GeoEye in Virginia, which build and launch satellites and take pictures for US government intelligence agency clients and private-sector satellite analysis firms.

That means there are … [visit site to read more]

ETFs For Increased M&A Activity

Posted: 18 Aug 2010 07:17 PM PDT

As companies continue to put out good earnings reports and cash flow lending comes back to life, it appears that there is an improved market sentiment in the mergers and acquisitions spectrum.
According to a report by mergermarket and Merrill DataSite, the first six months of 2010 has a relatively active M&A season and the trend is expected to continue for the rest of the year.  The first half of 2010 witnessed 1,701 deals resulting in transactions of $362.3 billion with value … [visit site to read more]

Fodder For The Bulls?

Posted: 18 Aug 2010 06:49 PM PDT

Since bad news is good news when you are an equity investor, here are five recent reports that may well trigger a buying stampede when trading opens for business on Thursday morning (unless, of course, the “smart money” — I use that term very loosely — suddenly comes to its senses):

“Death and Joblessness” (Washington Independent)

Suicide Dogs the Long-Term Unemployed. What Can Be Done to Help Them?
He hit "publish" on the last Wednesday in July, in the middle of a long afternoon. … [visit site to read more]
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