Wednesday, September 22, 2010

Daily Markets - What Is A ‘Walking Pneumonia’ Economy?

Daily Markets - What Is A ‘Walking Pneumonia’ Economy?

What Is A ‘Walking Pneumonia’ Economy?

Posted: 22 Sep 2010 02:12 AM PDT

Almost three full years from the official start of The Great Recession and fifteen months from its end and our economy continues to limp along and languish amidst the weight of ongoing–even unrecognized– debts. Can we take a double dose of Nyquil chase it with some Irish Mist and hope we wake up feeling better in the morning? If it were only that easy.

The simple fact is our economy is battling a serious bout of seemingly terminal 'walking pneumonia.' How might we diagnose that … [visit site to read more]

Forex Trading: Eurozone Industrial New Orders

Posted: 22 Sep 2010 02:05 AM PDT

Eurozone Industrial New Orders for july came in at -2.4%, weaker than the -1.2% expected.
Eur/Usd currently trades at … [visit site to read more]

Forex Trading: USD/JPY Declines Below 85 Yen

Posted: 22 Sep 2010 12:31 AM PDT

USD/JPY Declines Below 85 yen
The U.S. dollar continued to decline in early morning trading Wednesday, buying less than 85 Japanese yen after the U.S. Federal Reserve said it was ready to take further action to boost the economy.
Economic News
USD – Dollar Falls Broadly on Fed’s Comments
The U.S. dollar hit its lowest level in seven weeks against a basket of currencies, following the FOMC statement Tuesday night. Furthermore, the USD dropped below 85.00 yen, which in turn generated speculation … [visit site to read more]

Forex Trading: Eur/Usd Above 200 Day M/A

Posted: 22 Sep 2010 12:28 AM PDT

Yesterday's Fed suggestion of the possiblityof providing more stimuli to U.S. economy has sent the dollar to slide, causing Eur/Usd to close above its 200 day M/A of 1.3214. The pair has since traded up to 1.3329 and may have its sights set on a full retracement of move beginning with high of 1.3691 back on may 12.
If we see a pullback, 1.3170 seems to be a good base signifying some old daily … [visit site to read more]

Crude Oil Falls Ahead Of Inventory Report, Gold Continues To Fly

Posted: 21 Sep 2010 11:23 PM PDT

Commodities – Energy
Crude Oil Falls Ahead of Inventory Report
Crude Oil (WTI) – $75.06 // $0.09 // 0.12%
Commentary: Crude oil fell for the fifth time in six sessions on Tuesday, shedding $1.34, or 1.79%, as the October contract rolled off the board. November now takes the reign as prompt, but other than the $1.45 boost in prices, nothing has changed. Crude oil continues to underperform under the burden of multi-decade high inventories. The API survey is indicating that we will get … [visit site to read more]

Momentum Stock: RPC, Inc.

Posted: 21 Sep 2010 11:05 PM PDT

RPC, Inc. (NYSE:RES) recently hit a new multi-year high of $20.75 after reporting an awesome Q2 earnings surprise of 78%. With the next-year estimate calling for 43% growth, this Zacks #1 rank stock offers some solid upward momentum.
Company Description
RPC, Inc. is an oil and gas services company that provides a range of oilfield services and equipment to oil and gas companies primarily in the United States. The company was founded in 1984 and has a market cap of $2 billion.
With the global … [visit site to read more]

Growth & Income Stock: Lorillard Inc

Posted: 21 Sep 2010 11:05 PM PDT

Lorillard Inc (NYSE:LO) recently raised its dividend and is yielding a sizeable 5.5%. It recently became a Zacks #2 Rank (Buy) stock.
Company Description
Lorillard is the third largest cigarette company in the United States. It is also older than the United States, having been founded in 1760. The company is based in Greensboro, North Carolina and has a market cap of $12.4 billion.
It sells cigarettes under six brands: Newport (its flagship), Kent, True, Maverick, Old Gold, and Max. Lorillard was … [visit site to read more]

Bear Of The Day: Kirkland's, Inc. (KIRK)

Posted: 21 Sep 2010 11:05 PM PDT

Kirkland’s (NASDAQ:KIRK) reported meager second-quarter 2010 results with earnings of $0.16, which was below the Zacks Consensus Estimate by $0.02. The company’s susceptibility to the global economic downturn coupled with stiff competition, severely undermines the company’s future growth prospects and profitability.
The global economic environment has been challenging for the past fifteen months. Declining real estate value, reduced lending by banks, solvency concerns of major financial … [visit site to read more]

Bull Of The Day: CIGNA Corp. (CI)

Posted: 21 Sep 2010 11:05 PM PDT

We are upgrading our recommendation on the shares of CIGNA (NYSE:CI) to Buy as we believe the recent acquisition of Vanberda international will boost the company’s thriving international operations, which is key to the growth of the company.
Moreover, CIGNA has lower exposure to reform risks than other insurers, and thus has an edge with respect to the Health Care Reform Act. A strong balance sheet and adequate liquidity will lead to continued share buybacks, contributing to the bottom line.
CIGNA … [visit site to read more]

Aggressive Growth Stock: Stoneridge, Inc

Posted: 21 Sep 2010 11:05 PM PDT

Stoneridge Inc. (NYSE:SRI) estimates are at a 5-year high after a convincing rebound out of the recession.
Company Description
Stoneridge makes engineered electrical components for the automotive, agriculture and off-highway vehicle industries. The company is headquartered in Ohio and has a market cap of roughly $250 million.
Huge Growth Rates
The Zacks Consensus Estimate for 2010 is currently 49 cents, up considerably from the $1.25 loss in 2009. Next year’s forecasts are averaging $1.30, a 165% … [visit site to read more]

Singapore Stock Market Update For Wednesday 22 September

Posted: 21 Sep 2010 09:50 PM PDT

Market trending upwards after 10am.

News update :

1) US housing starts jump 10.5% in August.
2) Fed warns of deflation, stands ready to ease further as needed; benchmark rates unchanged.
3) Adobe shares drop 11% late after company’s shares forecast falls short of expectations.

Market commentary from MF Global :

Indexes down after Fed Statement (Reuters) – US stocks ended flat to lower in an erratic session on Tuesday after the Federal Reserve inched closer to further steps to spur the … [visit site to read more]

Homebuilder ETFs Likely To Fall

Posted: 21 Sep 2010 08:17 PM PDT

The Commerce Department recently announced that housing starts rose 10.5% last month to an adjusted annual rate of 598,000, giving positive price support to the SPDR S&P Homebuilders ETF (XHB), the iShares Dow Jones Home Construction (ITB) and the PowerShares Dynamic Building/Construction ETF (PKB).  
In general, housing starts are an important indicator of activity in the real estate markets and as starts increase, future construction generally remains healthy.  … [visit site to read more]
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