Daily Markets - Thank You For The Money!

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• Thank You For The Money!
• ECRI Watch: Be Prepared For A Shocker!
• Mobius: Learning From Past Crises
• Laugh Out Loud: Economy – Have The Reducing Pills, First!
• Forex Trading: Euro Retail Sales M/m
• Forex Trading: Eurozone Final Services PMI
• Fear Leads Inflation Expectations Lower
• Forex Trading: U.S. Dollar Under Pressure Prior To Payrolls Report
• Crude Oil Rises On GOM Explosion, Gold Unfazed By Equity Rally
• Bear Of The Day: BB&T Corporation (BBT)
• Momentum Stock: Kraton Performance Polymers, Inc.
• Bull Of The Day: Cummins, Inc. (CMI)
• Growth & Income Stock: Coach Inc.
• Aggressive Growth Stock: UFP Technologies
• Beware Of Light Shinning On Retail ETFs

Thank You For The Money! Posted: 03 Sep 2010 03:17 AM PDT A little boy wanted to know what it was like to have $1, 000. His mother told him to pray to God for it. He prayed for two weeks but nothing turned up. Then he decided perhaps he should write God a letter requesting the $1,000. When the post office received the letter addressed to God, they opened it and decided to send it to OBAMA. The President was so impressed, touched and amused that he instructed his secretary to send the little boy $20. He thought this would appear to be a lot of money to … [visit site to read more]

ECRI Watch: Be Prepared For A Shocker! Posted: 03 Sep 2010 03:11 AM PDT The ECRI Weekly Indicator for the week ended August 20 came in at 120.9 compared to the previous week's downward adjusted 120.7. The closely watched ECRI WLI Smoothed Annualised Growth Rate came in at -9.91% compared to the downward adjusted -10.1% (previously -10.0%) of the previous week. That compares to our forecast of "weakened". In the same week the smoothed annualised growth rate of the S&P 500 growth rate fell from 0.6% to -1.5%. Sources: ECRI (various internet sources); … [visit site to read more]

Mobius: Learning From Past Crises Posted: 03 Sep 2010 03:08 AM PDT The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management. On the heels of the global financial crisis, as Europe discusses the implementation of painful austerity measures and the U.S. deliberates the continuation of expensive government spending, I cannot help but draw attention to the relatively good fiscal health of several emerging market countries. While many investors across the globe continue to think of emerging … [visit site to read more]

Laugh Out Loud: Economy – Have The Reducing Pills, First! Posted: 03 Sep 2010 03:05 AM PDT … [visit site to read more]

Forex Trading: Euro Retail Sales M/m Posted: 03 Sep 2010 02:03 AM PDT The market had a limited reaction to worse than expected retail sales coming in at 0.1%; 0.3% survey and 0.0% prior … [visit site to read more]

Forex Trading: Eurozone Final Services PMI Posted: 03 Sep 2010 01:02 AM PDT As the euro trades on session highs against the USD, Eurozone final services PMI was 55.9; slightly better than the survey and prior showing of … [visit site to read more]

Fear Leads Inflation Expectations Lower Posted: 03 Sep 2010 12:06 AM PDT By Cees Bruggemans, Chief Economist of FNB. It looks like there were ultimately two moments of truth in recent times. The moment of panic crisis (back in late 2008), and again very recently once past the initial recovery bounce when faced by the sustained recovery question. It turns out that not every disturbed soul switched back on the juices yet once past the crisis moment. Indeed, deep questions lingered. About government fiscal sustainability (them not being able to borrow excessively … [visit site to read more]

Forex Trading: U.S. Dollar Under Pressure Prior To Payrolls Report Posted: 03 Sep 2010 12:02 AM PDT U.S. Dollar Under Pressure Prior to Payrolls Report The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data today at 12:30 GMT. Economic News USD - Dollar Slips against the Euro and the Yen The U.S currency was on the defensive Thursday, retaining most of the losses sustained the previous day when upbeat data helped lure investors away from safe-haven currencies and … [visit site to read more]

Crude Oil Rises On GOM Explosion, Gold Unfazed By Equity Rally Posted: 02 Sep 2010 11:51 PM PDT Commodities – Energy Crude Oil Rises on GOM Explosion Crude Oil (WTI) - $74.75 // $0.27 // 0.36% Commentary: Crude oil added $1.11, or 1.5% on Thursday after a rig exploded in the shallow waters of the Gulf of Mexico. Early in the morning crude oil was modestly lower, but then proceeded to rebound after news came out about an explosion on a rig in the GOM. It turns out that the explosion actually occurred on a production platform rather than a drilling rig, but nevertheless, the important … [visit site to read more]

Bear Of The Day: BB&T Corporation (BBT) Posted: 02 Sep 2010 11:05 PM PDT We are downgrading our recommendation on BB&T (NYSE:BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among the negatives. Current challenges related to housing market and pressure on the credit quality raise concerns on near-term growth. Our six-month target price of $21.00 per share equates to about 17.9x our earnings … [visit site to read more]

Momentum Stock: Kraton Performance Polymers, Inc. Posted: 02 Sep 2010 11:05 PM PDT Kraton Performance Polymers, Inc.’s (KRA) share price is up more than 100% since going public in December of 2009. The company’s recent Q2 earnings surprise and rising estimates make this Zacks #1 rank stock a solid momentum pick. Company Description Kraton Performance Polymers, Inc., through its subsidiaries, sells a line of specialty chemicals for industrial and consumer applications worldwide. The company changed its name in 2009 and has a market cap of $843 million. Kraton gave its share … [visit site to read more]

Bull Of The Day: Cummins, Inc. (CMI) Posted: 02 Sep 2010 11:05 PM PDT Cummins (NYSE:CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving. The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the Zacks Consensus Estimate by $0.36 during the quarter. These factors have led us to continue with our Outperform recommendation. Our $89 target price, 17.8X 2010 EPS (trailing 12-month P/E is 18.8), reflects this … [visit site to read more]

Growth & Income Stock: Coach Inc. Posted: 02 Sep 2010 11:05 PM PDT Coach Inc. (NYSE:COH) is making a big move into China as its U.S. and Japanese operations face more difficult growth trends. COH saw double digit revenue growth in its Chinese retail stores in the fiscal fourth quarter. Coach is a specialty retailer which used to be known for its solid leather handbags but has since expanded into other accessories, including footwear, watches, outerwear, scarves, sunwear, jewelry, and fragrances. Coach operates its own retail stores as well as distributes through … [visit site to read more]

Aggressive Growth Stock: UFP Technologies Posted: 02 Sep 2010 11:05 PM PDT UFP Technologies, Inc. (NASDAQ:UFPT) posted record results in the last quarter after growing through acquisition and organically. Company Description UFP Technologies makes protective packaging of fabricated foams, plastics and other materials. Customers are in the medical, auto, electronics and other markets. Record-Setting Quarter On Aug 3 UFP Technologies reported its best second quarter yet. Sales came in at a company record of $30 million, up 43% year over year from $21 million. Net income was … [visit site to read more]

Beware Of Light Shinning On Retail ETFs Posted: 02 Sep 2010 08:17 PM PDT Despite a weak job market, consumers opened their wallets and started spending once again, shinning a ray of light on exchange traded funds [[ETFs]] which track the retail sector, such as the SPDR S&P Retail ETF (XRT), the Retail HOLDRs (RTH) and the PowerShares Dynamic Retail Portfolio (PMR).  According to Thompson Reuters, comparable sales for retail stores open at least a year rose 3.3% in August, better than the 2.5% that was forecasted.  Furthermore, it appears that … [visit site to read more]

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