Friday, October 1, 2010

DailyMarkets.com - NEW! Live Financial News Releases On DailyMarkets.com

DailyMarkets.com - NEW! Live Financial News Releases On DailyMarkets.com

NEW! Live Financial News Releases On DailyMarkets.com

Posted: 01 Oct 2010 03:45 AM PDT

DailyMarkets.com now features live financial news releases relating to stocks, public companies etc, on the homepage.  This means you can now get updated business news and financial information, in addition to hundreds of blog articles throughout the day.

In case you haven’t noticed, we now have our own Personal Finance section with a daily blog, where we feature important information on topics including choosing the best credit cards, improving your credit score, saving for … [visit site to read more]

Dealing With The $1.41 Trillion Burden Of Household Debt On Canadians

Posted: 01 Oct 2010 03:05 AM PDT

Rock Lefebvre is a Fellow Certified General Accountant (FCGA) and Vice-President of Research and Standards at CGA-Canada

The following is an article directed by Rock Lefebvre, a Fellow Certified General Accountant (FCGA) and Vice-President of Research and Standards at CGA-Canada. He is the co-author of Where Is the Money Now: The State of Canadian Household Debt as Conditions for Economic Recovery Emerge, the third study conducted by CGA-Canada on household debt.
The $1.41 Trillion Burden Of … [visit site to read more]

Forex Trading: Eurozone Unemployment Rate

Posted: 01 Oct 2010 02:01 AM PDT

Eurozone Unemployment Rate for August came in at 10.1%, higher than the 10.0% … [visit site to read more]

Forex Trading: Eurozone Unemployment At 5 Am

Posted: 01 Oct 2010 01:34 AM PDT

Inside Wall Street View Of Economy And Market: ‘Pyrrhic Victory’

Posted: 01 Oct 2010 01:31 AM PDT

Thanks to the friend of Sense on Cents who shared this commentary on our economy and markets. This commentary for clients emanated from a major Wall Street bank. I believe this writer's sentiments are consistent with mine in terms of my assessment of a 'walking pneumonia' economy.  The writer's comparison of our economic recovery to a Pyrrhic victory is very interesting. I appreciate his utilization of another ancient Greek lesson as we try to recover, move forward, and live to … [visit site to read more]

Forex Trading: EUR/USD Completes Full Daily Retracement

Posted: 01 Oct 2010 01:26 AM PDT

Yesterday we said that the next daily target for the EUR/USD pair was the 100.0% fibo line at 1.36910. Just now it made a new session high of 1.3703, breaking through that line. It will be interesting to see if this level now acts as resistance, or if the pair can close above it which would be a bullish sign for the … [visit site to read more]

Forex Trading: EUR/CHF Approaching Daily Resistance

Posted: 01 Oct 2010 01:04 AM PDT

The euro has been trading continually higher across the board for the past few hours. EUR/CHF is approaching some possibly resistance around the 1.34537 level; daily resistance from the beginning of August. Just past that we have the 61.85 fibo line on the move from the high on August 9th to the low on September 8th. If the trend reverses, the first downside target would be the 50.0% line at … [visit site to read more]

Hot Stocks To Watch For Friday: Alcoa, AK Steel, Atlas Pipeline Partners, Concho Resources, Compania De Minas Buena

Posted: 01 Oct 2010 12:06 AM PDT

With basic materials being the only sector that was in green for the day and the best performing sector for the week, I decided to scan for setups from this sector, and not surprisingly, found a lot of stocks that are setting up nicely. Here are a few of them.

Alcoa (NYSE:AA)

AK Steel (NYSE:AKS)

Atlas Pipeline Partners (NYSE:APL)

Compania De Minas Buena (NYSE:BVN)

Concho Resources … [visit site to read more]

Stock Chart Of The Day: North American Palladium

Posted: 30 Sep 2010 11:58 PM PDT

Today’s Chart of the Day is North American Palladium (PAL). This stock was also part of the watchlist I had posted last night and the action in it today has forced me to go with this even for Chart of the Day today. The stock today managed to break free from the multi-week trading range, and it did so on impressive volume. The next serious resistance is at 4.42 though I expect there to be some resistance at 4.25 too. I had played this stock a lot in January but the dramatic drop from 5 … [visit site to read more]

Forex Trading: Flurry Of US Economic Data Impacts Forex Market

Posted: 30 Sep 2010 11:56 PM PDT

Flurry of US Economic Data Impacts Forex Market
The end of the month brought a volatile trading day as US GDP and weekly unemployment numbers were released. Irish Banking woes continue to weigh on the markets but failed to slow a strong month for equities.
Economic News
USD – ISM Manufacturing PMI on Tap
Today’s trading was swamped with positive economic data on the calendar. However, the better than expected data did not help the US dollar increase versus its rivals. US Final GDP was better … [visit site to read more]

Crude Oil Surges Back Above $80, Gold Hits New Record But Momentum Fading

Posted: 30 Sep 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Surges Back Above $80
Crude Oil (WTI) – $80.22 // $0.25 // 0.31%
Commentary: Crude oil surged $2.11, or 2.71%, in Thursday's session, a continuation of the move that began on Wednesday after U.S. petroleum inventories showed a larger-than-expected decline. Prices are now at the highest level since early August, and poised to test the upper end of a range that has contained the commodity for over one year. But with prices now back above $80, upside is limited, … [visit site to read more]

Forex Trading: AUD Commodity Prices (y/y) Come In At 52.4% Versus Prior Reading Of 52.7%

Posted: 30 Sep 2010 11:33 PM PDT

Race To The Bottom

Posted: 30 Sep 2010 11:21 PM PDT

Long ago, before economic models developed their current levels of sophistication, it used to be that the goal of a government’s economic policy was to bring prosperity to its citizens; in other words, to raise the general level of material comfort, while at the same time reducing the amount of toil required to attain that end.

However, due to the blather spouted by modern economists, success is no longer measured in those terms. Instead, governments simply look to pump up nominal … [visit site to read more]

Growth & Income Stock: Comcast Corp

Posted: 30 Sep 2010 11:05 PM PDT

Comcast Corp (NASDAQ:CMCSK) is attractively priced, with a PEG ratio below 1.0 and trading just above book value.
The company – which is in the process of acquiring a controlling interest in NBC Universal – is the largest cable and internet service provider in the United States.
Solid Top-Line Growth
Total revenue increased 6.1% compared to the second quarter in 2009. The company saw growth in several of its divisions:

The average monthly revenue per video customer increased 8.0% to … [visit site to read more]

Bull Of The Day: Skyworks Solutions (SWKS)

Posted: 30 Sep 2010 11:05 PM PDT

Skyworks Solutions (NASDAQ:SWKS) recently upgraded its guidance for the fourth quarter due to broad-based improvements in end markets. Revenues are now expected at $310 million, up from the prior estimate of $300 million.
Excluding stock-based compensation expenses and restructuring charges, EPS is now expected at $0.40 per share, compared to the previous estimate of $0.37. Skyworks Solutions is well positioned to benefit from the recent trends in the handset market, which are favorable for … [visit site to read more]

Bear Of The Day: Universal Forest Products (UFPI)

Posted: 30 Sep 2010 11:05 PM PDT

Universal Forest Products Inc. (NASDAQ:UFPI) reported disappointing results in second quarter 2010 with EPS falling 19 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due to volatile lumber prices in the quarter.
Also, Universal’s huge dependence on general market conditions and growth in end markets increase top-line risks in the event of any adverse conditions. Further, significant volatility in the cost of commodity lumber products from primary producers … [visit site to read more]

Momentum Stock: The Pantry, Inc.

Posted: 30 Sep 2010 11:05 PM PDT

The Pantry, Inc. (NASDAQ:PTRY) has been surging higher for the last two months, recently hitting a new 52-week high on the heels of a solid 38% earnings surprise that saw the company return to profitability from last quarter. With a bullish next-year estimate calling for 23% growth, this Zacks #1 rank stock has momentum to boot.
Company Description
The Pantry, Inc. owns and operates a chain of more than 1,650 convenience stores and 230 quick service restaurants in the southeastern United States. The … [visit site to read more]

Aggressive Growth Stock: Neogen Corp

Posted: 30 Sep 2010 11:05 PM PDT

Neogen Corp (NASDAQ:NEOG) continues to set new company records for revenue, net income and, most importantly, share price.
Company Description
Neogen Corp makes food and animal safety products. The company offers testing kits for food-borne bacteria, allergens, sanitation issues and other safety concerns. Neogen’s animal safety offerings include diagnostics, veterinary instruments, pharmaceuticals, supplements, disinfectants and rodenticides.
Net Income Jumps 33%
Neogen reported first-quarter … [visit site to read more]

Three ETFs To Play Global Water Scarcity

Posted: 30 Sep 2010 08:17 PM PDT

Both macro and microeconomic forces suggest that the global water sector is destined to see exponential growth paving the path to opportunity for the PowerShares Water Resources (PHO), the PowerShares Global Water (PIO) and the Guggenheim S&P Global Water (CGW).
From a macro perspective, incomes in developing nations are expected to rise and populations around the world are expected to continue to expand pushing up demand for water.  In fact, at current growth rates, it is … [visit site to read more]

Would You Like Caviar With Those Fries?

Posted: 30 Sep 2010 06:40 PM PDT

Based on the following Wall Street Journal report, “Wealthy Take Bigger Helping of Fast Food,” it looks like the Great Recession has made the rich are a little less different than you and me:
The recession whet wealthy Americans’ appetite for fast food, a habit that is sticking even as the U.S. economy embarks on a slow recovery [Editor's note: that's debateable.].
A new American Express study found that “ultra-affluent” consumers boosted their fast-food spending by 24% in the second quarter, … [visit site to read more]

Stock Picks For Friday: Royale Energy, THQ, JA Solar Holdings, Finisar

Posted: 30 Sep 2010 06:21 PM PDT

( click to enlarge )
Royale Energy, Inc. (NASDAQ:ROYL) was very strong today, as the stock closed up $.07 on 6x the normal daily volume. This is a huge move for ROYL, and could be the start of a breakout move. Resistance is $2.44, which was the high of August. I’m watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying.

( click to enlarge )
THQ Inc. (NASDAQ:THQI) continues to consolidate, which is a good … [visit site to read more]

12-Pack, Worthy Dividend Income Portfolio

Posted: 30 Sep 2010 11:24 AM PDT

I have been a long time proponent of a two portfolio investment approach. Following in the footsteps of Harry Browne, who brought the idea to the fore in the 1970s, I assembled a Permanent Portfolio which was designed as an all-season capital preservation, modest appreciation vehicle, and a Speculative Portfolio which was designed to place bets on high risk securities that offered the possibility of high reward. Given the era in which we live, perhaps it is time to adjust the mindset of the … [visit site to read more]
at

No comments:

Post a Comment