DailyMarkets.com - Less Money, More Problems
DailyMarkets.com - Less Money, More Problems |
- Less Money, More Problems
- Forex Trading: Eurozone Final Manufacturing PMI
- US Dollar Approaching Resistance Level
- Aggressive Growth Stock: Tech Data Corp
- Growth & Income Stock: ITC Holdings Corp
- Momentum Stock: Hormel Foods Corp.
- Bear Of The Day: AK Steel Holding Corp. (AKS)
- Bull Of The Day: Chipotle Mexican Grill (CMG)
- Bullish & Bearish Stock Options Flow: General Motors, Fortune Brands, Supervalue, Safeway, Kroger, Shuffle Master, Align Technology, Collective Brands
- Chart Of The Week: Gastar Exploration (GST) – Small Cap Natural Gas
- Crude Oil Gives Up Gains But Uptrend Intact, Gold Surges As Monetary Conditions To Stay Looser For Longer
- Three Possible New ETFs To Play Commodities
- If You Subsidize Something With Tax Dollars, You Get More Of It, Even If Costs Far Exceed Benefits
- Was November Like The April Peak?
- If You Tax Something, You Get Less Of It
- Crude Reverses Gains And Gold Rallies As Traders Await Clarity On Risk Trends
| Posted: 01 Dec 2010 03:35 AM PST How in the world is the U.S. economy going to recover if the American people have less money to spend? Millions of American families are heading into 2011 knowing that either they won’t be seeing an increase in income or that their incomes will be smaller next year. Long-term unemployment benefits are being cut off for millions of Americans, federal workers are having their wages frozen, Social Security recipients are not going to get a cost of living increase for 2011, taxes … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Eurozone Final Manufacturing PMI Posted: 01 Dec 2010 01:03 AM PST Eurozone Final Manufacturing PMI came in at 55.3, weaker than the 55.5 expected.
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| US Dollar Approaching Resistance Level Posted: 30 Nov 2010 11:30 PM PST The dollar has had a very impressive run in the past few days, and is quickly approaching an important resistance level just below the 82 level. The MA(200) also lies at 81.73, further increasing the resistance in this area. A pullback or some consolidation around these levels, which should be positive for the equities, would not be surprising. That being said, this near term pullback or consolidation, if it happens, would just be healthy for the dollar and the chart looks extremely … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Aggressive Growth Stock: Tech Data Corp Posted: 30 Nov 2010 11:05 PM PST Tech Data Corp (NASDAQ:TECD) announced record quarterly results last week, which were ahead of analyst expectations.
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| Growth & Income Stock: ITC Holdings Corp Posted: 30 Nov 2010 11:05 PM PST It’s not often that you see a utility company with a 5-year projected EPS growth rate in the double-digits. However, management at electric utility ITC Holdings Corp (NYSE:ITC) expects to grow its earnings between 15% and 17% per year through 2015.
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| Momentum Stock: Hormel Foods Corp. Posted: 30 Nov 2010 11:05 PM PST Hormel Foods Corp. (NYSE:HRL) recently hit a new all-time high after jumping higher on a 14% Q3 earnings surprise. With an average earnings surprise of 13% over the last four quarters and rising estimates, this Zacks #1 rank stock offers a hearty serving of momentum.
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| Bear Of The Day: AK Steel Holding Corp. (AKS) Posted: 30 Nov 2010 11:05 PM PST We are downgrading AK Steel (NYSE:AKS) to Underperform from our previous Neutral recommendation and lowering our target price to $12.00 from $15.00. AK Steel recorded a third quarter net loss that was significantly wider than the Zacks Consensus Estimate.
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| Bull Of The Day: Chipotle Mexican Grill (CMG) Posted: 30 Nov 2010 11:05 PM PST Chipotle Mexican Grill’s (NYSE:CMG) third quarter 2010 results surpassed the Zacks Consensus Estimate on the heels of strong top-line growth. The company has remained unaffected by the recent economic slowdown and has been able to deliver positive comps consistently.
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| Posted: 30 Nov 2010 11:01 PM PST The data flow over the next 24 hours has the potential to add some additional volatility into these markets. Watching key support levels will be essential. Since the bulls are in control, any tip below 1170 in the S&P would indicate that a temporary shift in momentum is upon the market. As I have discussed in past Corners, spread trades are the route for positioning at this stage. Keep an eye on the productivity and labor cost data points due out at 8:30am ET. Stocks slumped amid … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chart Of The Week: Gastar Exploration (GST) – Small Cap Natural Gas Posted: 30 Nov 2010 10:45 PM PST Gastar Exploration (GST) is a small-cap natural gas stock in the highly popular Marcellus Shale and is currently flying under the radar of most. Due to its recent litigation, those who did come across a promising GST tossed it aside very quickly. The stock price continued to stay under pressure as most liquidated their shares but, the stock has recently come to life and the technicals are only growing stronger. The litigation is finally over and unfortunately, GST paid a hefty … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 30 Nov 2010 08:51 PM PST Commodities – Energy
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| Three Possible New ETFs To Play Commodities Posted: 30 Nov 2010 08:17 PM PST As commodity ETFs have witnessed increased investor demand and increased returns over this year, there have many new resource-specific ETFs brought to market and now the United States Commodity Funds plans to introduce three more funds giving exposure to copper, agriculture and metals.
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| If You Subsidize Something With Tax Dollars, You Get More Of It, Even If Costs Far Exceed Benefits Posted: 30 Nov 2010 07:56 PM PST Nov. 23 (Bloomberg) — “Michigan taxpayers foot the bill for the most generous movie subsidies in the U.S. Since 2008, the state has allotted $282 million to lure the filming of Hilary Swank's "Conviction," Clint Eastwood's "Gran Torino," George Clooney's "Up In The Air" and more than 120 other productions. Now the governor-elect, Republican Rick Snyder, wants to curb the largesse. A state agency found the price of the program — which covers as much as 42 percent of local … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Was November Like The April Peak? Posted: 30 Nov 2010 07:51 PM PST I know it’s been quite some time since my last post and I apologize but, trust me, there just doesn’t seem to be too much to do right know but wait. I find myself nearly fully invested (over 90%) with many terrific stocks (80% show gains and 75% have appreciated more than the change in the benchmark S&P 500 Index since I bought them).
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| If You Tax Something, You Get Less Of It Posted: 30 Nov 2010 07:35 PM PST From the New York Post: “The underground tobacco market is spreading like a fast-growing cancer in the wake of tax hikes that make New York cigarettes the most expensive in the nation — and it’s costing the state tens of millions a month in lost tax revenue. Illegal cigarettes are pouring into neighborhood bodegas by the truckload from neighboring Indian reservations, lower-tax states in the South and even as far away as China. Government data show that New York state is being smoked out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Reverses Gains And Gold Rallies As Traders Await Clarity On Risk Trends Posted: 30 Nov 2010 04:16 PM PST North American Commodity Update
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