Daily Markets - $2,500 Gold Could Easily Lead To $178.50 Silver – Here’s Why! |
- $2,500 Gold Could Easily Lead To $178.50 Silver – Here’s Why!
- Exxon Mobil To Divest ESSO
- Iconix Negotiates For Kenneth Cole
- Medco Acquires Research Firm
- Demand Up For Nokia Devices
- POSCO Out With AAPC Wing
- FDA Pushes Out Brilinta Action Date
- FDA Pushes Out Brilinta Action Date
- Discover Beats Zacks Estimate
- Const. Energy To Acquire CPower
- Boeing Wins 50′ 737 Next Gen Order
- Shell Offloads Norwegian Assets
- Michael Burry: What Happened To You?
- ITW Rev Updated, Guidance Intact
- Office Depot Is Neutral
- A New Software In SLB’s Kitty
- John Hussman: Sequential Signals
- Kodak Launches Product
- FWLT In Agreement With Indian Firm
- Best Buy: Earnings Scorecard
- Earnings Preview: ConAgra Foods
- Forex Trading: GBPUSD Tests 100 Hour MA And Comes Off
- Inflation? Deflation? It’s All About ‘Meflation’
- Traffic Volume Reaches 21-Month High In July; Highest July Travel Volume On Record
- Fantasy Football And Your Income Portfolio
| $2,500 Gold Could Easily Lead To $178.50 Silver – Here’s Why! Posted: 20 Sep 2010 11:45 AM PDT More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more – even as high as $15,000 – is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold! Precious metal bull markets have 3 distinct demand-driven stages and we are now quickly approaching … [visit site to read more]
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| Posted: 20 Sep 2010 11:35 AM PDT The U.S. oil giant Exxon Mobil Corp. (NYSE:XOM) is planning to divest its Argentine subsidiary ESSO, according to a report in the local financial daily El Cronista. The amount of the negotiation was not disclosed and the Argentine unit denied commenting on the transaction.
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| Iconix Negotiates For Kenneth Cole Posted: 20 Sep 2010 11:35 AM PDT Iconix Brand Group (NASDAQ:ICON) is negotiating an agreement to acquire shoe and clothing company Kenneth Cole Productions Inc. (NYSE:KCP), as reported by Bloomberg. The timing of the deal and other related details are not revealed. Moreover, one is not sure whether the deal will finally materialize or not.
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| Posted: 20 Sep 2010 11:05 AM PDT Medco Health Solutions (NYSE:MHS), a leading health pharmacy benefit management (PBM) company in the US, has completed the acquisition of privately-held United BioSource Corporation for $730 million. Earlier, in August, Medco had announced its intention to acquire United BioSource. Excluding one-time items and amortization, this acquisition is expected to be slightly accretive in 2011.
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| Posted: 20 Sep 2010 11:05 AM PDT Just after the completion of Nokia World 2010, Nokia Corp.(NYSE:NOK), the world's largest mobile phone manufacturer, witnessed the highest ever demand through online pre-orders for the N8, which is supposed to be priced at 370 euros. N8 is based on upgraded Symbian 3 software and is ready to be shipped in December 2010. It has a multi touchscreen facility.
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| Posted: 20 Sep 2010 10:35 AM PDT POSCO (NYSE:PKX) completed its US$19 million automotive Alabama Automotive Steel Sheet Processing Center, located in the Jefferson County Industrial Complex near Birmingham, Alabama.
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| FDA Pushes Out Brilinta Action Date Posted: 20 Sep 2010 10:05 AM PDT AstraZeneca plc (AZN) recently announced that the US Food and Drug Administration (FDA) has extended its review period for Brilinta (ticagrelor) by three months to December 16, 2010. The company is seeking approval for the use of Brilinta in the treatment of acute coronary syndrome (ACS). Earlier, in July, the FDA's Cardiovascular and Renal Drugs Advisory Committee had recommended the approval of the candidate, based on results from the Study of Platelet Inhibition and Patient Outcomes … [visit site to read more]
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| FDA Pushes Out Brilinta Action Date Posted: 20 Sep 2010 10:05 AM PDT AstraZeneca plc (AZN) recently announced that the US Food and Drug Administration (FDA) has extended its review period for Brilinta (ticagrelor) by three months to December 16, 2010. The company is seeking approval for the use of Brilinta in the treatment of acute coronary syndrome (ACS). Earlier, in July, the FDA's Cardiovascular and Renal Drugs Advisory Committee had recommended the approval of the candidate, based on results from the Study of Platelet Inhibition and Patient Outcomes … [visit site to read more]
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| Posted: 20 Sep 2010 10:05 AM PDT Discover Financial Services (NYSE:DFS) reported a fiscal third quarter earnings of $261 million or 47 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. However, results dipped about 55% from the net income of $577 million or $1.07 per share in the year-ago quarter. This included an after-tax gain of approximately $287 million related to the settlement of an antitrust litigation with Visa Inc. (NYSE:V) and MasterCard Inc. (NYSE:MA). The surge in profits was due to a significant … [visit site to read more]
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| Const. Energy To Acquire CPower Posted: 20 Sep 2010 10:05 AM PDT Constellation Energy Group Inc. (NYSE:CEG) signed an agreement to acquire privately held energy management company – CPower. The company expects to close the transaction in the fourth quarter of 2010.
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| Boeing Wins 50′ 737 Next Gen Order Posted: 20 Sep 2010 10:05 AM PDT On the day following The Boeing Company's (NYSE:BA) announcement of a hike in the production rate, the company received a large order of 50 new Boeing 737 Next Generation airplanes from Russian Technologies, a Russian state-owned company, for $3.7 billion. The airplanes will then be leased to Russia’s biggest airline, Aeroflot.
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| Shell Offloads Norwegian Assets Posted: 20 Sep 2010 10:05 AM PDT Royal Dutch Shell plc (RDS.A) announced plans to sell interests in the Norwegian sector of the North Sea, covering the Statfjord field and associated satellite fields. Shell will sell the assets to Centrica Resources (Norge) AS ("Centrica") for a total consideration of NOK 1,370 million or $225 million.
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| Michael Burry: What Happened To You? Posted: 20 Sep 2010 09:44 AM PDT This article is really just a short question for the audience that I have. I am perplexed by recent comments that Michael Burry made in an exclusive interview with Bloomberg. In the interview Burry was asked what he thought was a good investment right now.
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| ITW Rev Updated, Guidance Intact Posted: 20 Sep 2010 09:35 AM PDT Illinois Tool Works Inc. (NYSE:ITW) reported a 13% year-over-year rise in its operating revenues for the three months ended August 31, 2010. The increase records a 12% growth attributable to a hike in base revenue and 3% to acquisitions. Currency translation had a negative 2.0% impact on the revenue. End markets were strong with solid demand for the company's products.
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| Posted: 20 Sep 2010 09:05 AM PDT Office Depot is repositioning itself to keep afloat in a difficult consumer environment. The company is containing costs, closing underperforming stores, reducing exposure to higher dollar-value inventory items, shuttering non-critical distribution facilities, and focusing on providing innovative products and services, which should all contribute to margin improvements.
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| Posted: 20 Sep 2010 09:05 AM PDT Schlumberger Limited (NYSE:SLB) is well known for its continuous endeavor toward product development and technological improvement to serve its customers better. Recently, it released the Merak Peep 2010 software, which allows its clients to proactively respond to complex operational conditions and rapidly answer their unique business challenges.
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| John Hussman: Sequential Signals Posted: 20 Sep 2010 09:03 AM PDT John Hussman's latest comments on the economy:
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| Posted: 20 Sep 2010 08:35 AM PDT Eastman Kodak Company (NYSE:EK) launched the new KODAK PYNK Smart Print System, a new patent-pending technology, which is going to print and frame much more easily and quickly. Kodak carries out numerous expansion programs and continuously launches new products at competitive prices; which are expected to push growth despite the current difficult environment for the entire industry.
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| FWLT In Agreement With Indian Firm Posted: 20 Sep 2010 08:35 AM PDT Recently, Foster Wheeler AG (NASDAQ:FWLT), through its business unit Global Power Group, signed a license agreement with an Indian company, The Saraswati Industrial Syndicate Ltd. As per the deal, Foster Wheeler will be providing its highly developed technology license for wall-fired subcritical and supercritical pulverized-coal (PC) steam generators. The period of the contract is 20 years for the generators to be sold in India. Though the company did not disclose the financial terms of the … [visit site to read more]
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| Posted: 20 Sep 2010 08:20 AM PDT Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, reported second-quarter 2011 results on September 14, 2010 that topped the Zacks' expectations driven by a strong mobile phone business that pushed up margins.
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| Earnings Preview: ConAgra Foods Posted: 20 Sep 2010 08:20 AM PDT ConAgra Foods (NYSE:CAG), one of North America 's leading food companies, is scheduled to report its first-quarter fiscal 2011 financial results on Tuesday, September 21, 2010. The current Zacks Consensus Estimate for the quarter is 39 cents a share. Fourth Quarter Summary ConAgra Foods Inc. reported fourth quarter EPS of 39 cents, down from 41 cents in the year-ago quarter due to a 5% decrease in operating sales. Reported EPS was a penny below the Zacks Consensus Estimate of 40 cents. On a … [visit site to read more]
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| Forex Trading: GBPUSD Tests 100 Hour MA And Comes Off Posted: 20 Sep 2010 08:00 AM PDT |
| Inflation? Deflation? It’s All About ‘Meflation’ Posted: 20 Sep 2010 08:00 AM PDT Jason Zweig happens to be one of my favorite financial columnists. Zweig did a fabulous job editing and adding commentary to the recent edition of The Intelligent Investor by Benjamin Graham. William J. Bernstein who is a strong proponent of asset allocation, and admits to the possibility the market is efficient says that Zweig is one of the only two writers whose columns that he bothers reading.
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| Traffic Volume Reaches 21-Month High In July; Highest July Travel Volume On Record Posted: 20 Sep 2010 07:50 AM PDT The Federal Highway Administration reported today that travel on all roads and streets in the U.S. increased by +0.8% in July 2010 compared to the same month last year. Total travel for the month of July was an estimated 270 billion vehicle miles, the highest travel volume for the month of July on record. On a moving 12-month total basis, the annual vehicle-distance traveled through June was 2,983 billion miles, the highest 12-month total since September 2008, 22 months ago (see chart … [visit site to read more]
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| Fantasy Football And Your Income Portfolio Posted: 19 Sep 2010 05:08 PM PDT Is there a potential Bill Gross or Sir John Templeton who consistently assembles the winning fantasy football team? Effective portfolio selection and constructing the moving parts of a fantasy football team utilize similar concepts. The list below illustrates the premise. 1. Admit you are probably not the most astute member of the league. You probably aren’t. Warren Buffett is fond of saying “if you are playing poker and … don’t know who the patsy is, it’s you.” A well prepared investor … [visit site to read more]
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