Daily Markets - Will Nokia’s CEO Change Be The Catalyst To Boost Its Share In The Smartphone Market?

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• Will Nokia’s CEO Change Be The Catalyst To Boost Its Share In The Smartphone Market?
• What US Stock Investors Should Know About The Week Ahead
• Chart Of The Day: JA Solar In Ascending Triangle
• Precious Metals Mines Poised To Be Acquired In British Columbia
• 15 Statistics Showing That More Americans Are Slipping Out Of The Middle Class Into Poverty
• US Stock Market: Watch Out For Friday’s Quadruple Witching As Stock Options, Futures & Future Options Expire
• Diagnosing America’s Ills
• Forex Trading: Euro Maintains Bullish Trend As We Start The Week
• Crude Oil Boosted By Chinese Growth, Gold Resilient In The Face Of Rising Risk Appetite
• Important Support And Resistance Levels For The US Stock Market
• Sector Analysis – What’s Looking Bullish And What’s Not
• Stocks Sold Off On Heavy Volume In The US Stock Market
• Bear Of The Day: Kirkland's, Inc. (KIRK)
• Bull Of The Day: Ford Motor Company (F)
• Growth & Income Stock: AMETEK Inc
• Momentum Stock: Manhattan Associates, Inc.
• Aggressive Growth Stock: Cardtronics
• The Yen And The Swiss Franc Present Some Opportunities For Forex Traders
• Stock Picks For Monday 13 September: Adobe, JDS Uniphase, Motorola, Toll Brothers, Elan
• 5 ETFs Influenced By Global Banking Regulations
• RCA TV Cost 72 Hours Of Work At Avg. Wage ($2.05/hr.) In 1959 = $1,350 Today @ $18.52/hour
• Singapore Stock Market Update For Monday 13 September

Will Nokia’s CEO Change Be The Catalyst To Boost Its Share In The Smartphone Market? Posted: 13 Sep 2010 04:02 AM PDT Nokia Corp. (NYSE:NOK) on Friday announced it was replacing its chief executive with Microsoft Corp.’s (NASDAQ:MSFT) Stephen Elop, in an effort to reverse its steep decline in the U.S. smartphone market. The world’s largest mobile phone maker said Chief Executive Officer Olli-Pekka Kallasvuo will step down and Elop, head of Microsoft’s business software unit, will take the reins Sept. 21. The move represents a drastic shift for Nokia, which until Canadian Elop had never hired a non-Finnish … [visit site to read more]

What US Stock Investors Should Know About The Week Ahead Posted: 13 Sep 2010 03:56 AM PDT The U.S. market showed improvement last week, but is still falling short of the continued growth and profit opportunities that emerging markets have to offer. Stocks inched higher on Wall Street over the past week, taking heart from news of a modest improvement in jobs and a narrowing of the U.S. trade deficit.  Both acted to counter the argument that the U.S. economy is speeding for a cliff in a foreign-badged car. Bonds finished down slightly, crude oil rose 2.6%, and gold was … [visit site to read more]

Chart Of The Day: JA Solar In Ascending Triangle Posted: 13 Sep 2010 03:01 AM PDT Today’s Chart of the Day is JA Solar (NASDAQ:JASO), a solar stock. Last week, the stock gapped up above 6.90. If you look at the chart, 6.90 was a very important resistance level as the stock had been rejected twice there earlier in the year. The breakout was on very good volume (In fact, this action is a very good illustration of what I had explained in the post “How to play gap ups?”). The stock has since then formed an ascending triangle on lower volume with resistance at 7.50. I like … [visit site to read more]

Precious Metals Mines Poised To Be Acquired In British Columbia Posted: 13 Sep 2010 02:30 AM PDT Mining investors interested in the future of mining in British Columbia should be excited about the revenue-sharing agreement forged with the local aboriginal communities surrounding these mines. This agreement will take a lot of pressure off the mining companies who, up until now, have negotiated directly with indigenous nations. These negotiations were often riddled with strife and animosity.   Historically, the building of a new mine in BC was an almost impossible task due to land … [visit site to read more]

15 Statistics Showing That More Americans Are Slipping Out Of The Middle Class Into Poverty Posted: 13 Sep 2010 02:01 AM PDT The “America” that so many of us have taken for granted for so many decades is literally disintegrating right in front of our eyes.  Most Americans are still operating under the delusion that the United States will always be “the wealthiest nation” in the world and that our economy will always produce large numbers of high paying jobs and that the U.S. will always have a very large middle class.  But that is not what is happening.  The very foundations of the U.S. economy have … [visit site to read more]

US Stock Market: Watch Out For Friday’s Quadruple Witching As Stock Options, Futures & Future Options Expire Posted: 13 Sep 2010 01:01 AM PDT It should have been a boffo week for bulls as the news was relatively good, or at least "less bad" and President Obama had his guns blazing in efforts to jumpstart job creation and the economy. Still, the stock market remained mostly flat, as it has all year so far, and now major indexes stand highly overbought and up against serious resistance. This week brings us more news, and unless something better than "less bad" emerges, the bulls are an endangered species, at least … [visit site to read more]

Diagnosing America’s Ills Posted: 13 Sep 2010 12:29 AM PDT Last week the World Economic Forum reported that the US has fallen from second to fourth in its competitiveness rankings. It lost its top spot last year to Switzerland. This year, it had been overtaken by Singapore and (socialist!) Sweden. In many of these surveys, the scores of the top countries are all clustered together so small movements in rankings aren't terribly meaningful. However, for the US to slip from first in one year and then to fourth the following year is a disturbing … [visit site to read more]

Forex Trading: Euro Maintains Bullish Trend As We Start The Week Posted: 13 Sep 2010 12:03 AM PDT Euro Maintains Bullish Trend as We Start the Week Following solid economic news out of China released last Friday, the euro, as well as other so-called riskier currencies, has maintained an upward trend going into this week. That being said, analysts are warning that these gains may only be temporary. Overall economic sentiment regarding the euro zone is still fairly pessimistic. The slightest bit of bad news could cause investors to revert back to the safe haven US dollar and yen, which would … [visit site to read more]

Crude Oil Boosted By Chinese Growth, Gold Resilient In The Face Of Rising Risk Appetite Posted: 12 Sep 2010 11:51 PM PDT Commodities – Energy Crude Oil Boosted by Chinese Growth Crude Oil (WTI) – $77.22 // $0.74 // 0.97% Commentary: Crude oil is up $0.74, or 0.97%, in overnight trade, as traders grow more optimistic about the outlook for global growth. Chinese economic data released late last week showed stronger-than-expected performance in industrial production and retail sales. Also supporting crude oil prices is concern surrounding supply after an Enbridge pipeline carrying oil from Canada to the Midwest … [visit site to read more]

Important Support And Resistance Levels For The US Stock Market Posted: 12 Sep 2010 11:45 PM PDT It was an impressive performance by the bulls last week and the markets have consolidated well after the recent gains. We have already looked at whether the markets the overbought here or not, and it’s now time to look at the charts to determine the important support and resistance levels for the coming week. Let’s start with the 15 minute chart of the S&P. The first thing we notice is a three day ascending triangle being formed. For those of you who are not familiar, here is a … [visit site to read more]

Sector Analysis – What’s Looking Bullish And What’s Not Posted: 12 Sep 2010 11:15 PM PDT SPDR Select Sector Materials ETF (XLB) – Materials – At important levels as facing multi month resistance. Consolidating nicely here but notice the low volume on this move up. SPDR Select Sector Energy ETF (XLE) – Energy – MA(50) acting as support. MA(200) will be a hard nut to crack. Again, notice the low volume. FSPDR Select Sector Financial ETF (XLF) – Financial – Still stuck in a multi month range. A break of this range in either direction would be a game changer for … [visit site to read more]

Stocks Sold Off On Heavy Volume In The US Stock Market Posted: 12 Sep 2010 11:05 PM PDT Traders can look backward or forward. I prefer to see the potholes I'd like to avoid. A couple days ago I awoke in the middle of the night with dreams of potholes. Anyway you read it. You probably thought it was hard hitting, possibly over the top. I talked about antennae flashing or whatever… In the middle of the night, I discovered Basel III and Deutsche Bank (NYSE:DB) and a pack of lies from other banksters who put it in our faces they didn't need our capital. Well guess what? Here … [visit site to read more]

Bear Of The Day: Kirkland's, Inc. (KIRK) Posted: 12 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: Ford Motor Company (F) Posted: 12 Sep 2010 11:05 PM PDT Ford Motor Company (NYSE:F) looks forward to widening its market share through its accelerated product transformation plan: “One Ford.” Incorporating key objectives such as shifting focus from trucks to small cars, delivering more vehicles from fewer core platforms and implementing cost reduction efforts, the plan continues to have a favorable impact on the stock. In 2009, the plan already turned in a profit after 4 years. Furthermore, it helped the automaker gain market share in the U.S. In … [visit site to read more]

Growth & Income Stock: AMETEK Inc Posted: 12 Sep 2010 11:05 PM PDT AMETEK Inc (NYSE:AME) reported a second quarter sales increase of 13% from the same period in 2009. The company also saw orders jump 33% in the quarter. AMETEK is a global manufacturer of electronic instruments and electro-mechanical devices. It is based in Pennsylvania and has a market cap of $4.8 billion. Strong Second Quarter Results AMETEK announced second quarter EPS of $0.63, a 31% increase from 2009, and in-line with expectations. The electronic instruments group (which accounts for 52% of … [visit site to read more]

Momentum Stock: Manhattan Associates, Inc. Posted: 12 Sep 2010 11:05 PM PDT Manhatten Associates, Inc. (NASDAQ:MANH) recently rebounded from a key long-term trend line after experiencing a bout of weakness for the last few months. With a Q2 earnings surprise of 38% and a bullish 12% next-year growth estimate, this company has plenty of upward momentum. Manhattan gave its share price a little shot in the arm on July 20 with better than expected Q2 results that easily beat the Street. Second-Quarter Results Revenue for the period was up 33% from last year to $77.6 million. … [visit site to read more]

Aggressive Growth Stock: Cardtronics Posted: 12 Sep 2010 11:05 PM PDT Cardtronics (NASDAQ:CATM) continues to beat expectations, setting a new high on the most recent earnings surprise. Company Description Cardtronics operates over 30,000 ATMs in the U.S., Puerto Rico, the U.K. and Mexico. Additionally, the company works with merchants like 7-Eleven, Costco, CVS, and other major retailers and gas stations. Another Surprise Last time I visited Cartronics, back in March, they were coming off an earnings surprise. Well, that momentum carried into the second quarter, which … [visit site to read more]

The Yen And The Swiss Franc Present Some Opportunities For Forex Traders Posted: 12 Sep 2010 10:01 PM PDT Currencies play an important role in the economic health of a country — impacting the flow of trade and capital. For instance, a weak currency can be quite good for an economy in times of recession. It stimulates demand for a country's exports, which can drive growth in manufacturing, boost employment and give overall economic performance a nice jolt. And for foreign investors, a cheap currency makes a country's investments more attractive. On the other hand, a strong currency … [visit site to read more]

Stock Picks For Monday 13 September: Adobe, JDS Uniphase, Motorola, Toll Brothers, Elan Posted: 12 Sep 2010 09:04 PM PDT ( click to enlarge ) I continue to watch $4.70 for Elan (NYSE:ELN), if it can break up through there, its worth it for me to buy for a trade. This is a price to keep an eye on in the future. On the downside, there continues to be solid support just above $4.50 ( 13-day moving average ). Pullbacks below this level should be bought with a tight stop at $4.40. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral at 50. Keep an … [visit site to read more]

5 ETFs Influenced By Global Banking Regulations Posted: 12 Sep 2010 08:17 PM PDT Recently, global regulators pushed through increased world banking regulations which will force financial institutions to increase reserves protecting against unexpected losses, with the effects influencing iShares S&P Global Financials (IXG), SPDR S&P International Financial Sector (IPF), the iShares MSCI ACWI ex US Financials Index (AXFN), the Financial Select Sector SPDR (XLF) and the Vanguard Financials ETF (VFH). More specifically, the new rules are designed to rein in … [visit site to read more]

RCA TV Cost 72 Hours Of Work At Avg. Wage ($2.05/hr.) In 1959 = $1,350 Today @ $18.52/hour Posted: 12 Sep 2010 07:57 PM PDT The 1959 RCA TVs pictured above sold for $150 retail, which would be about 72 hours of work then at the average hourly manufacturing wage of $2.05.  At today’s hourly wage of $18.52, that amount of work (72 hours) would be equivalent to $1,350 in today’s dollars.  Today you can get a 19 inch LCD HDTV for as little as $138, which would be only 7.5 hours of work at the average hourly wage.  Bottom Line: In 1959, the average worker had to work 9 full 8-hour days (almost two … [visit site to read more]

Singapore Stock Market Update For Monday 13 September Posted: 12 Sep 2010 06:37 PM PDT Morning Highlights Singapore stocks edged higher in opening trades, with STI up 13.24 points to open at 3035.52. Most of the other Asian stock markets are also getting a lift from China data released over the weekend that indicated a pick up in activity in that key economy. Watch Out For Economic News Release Tomorrow: U.S August Advance Retail Sales U.S IBD/TIPP September Economic Optimism Corporate Announcements: Capitaland dissolved two dormant subsidiaries, Birchvest Investment … [visit site to read more]

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