Tuesday, April 24, 2012

DailyMarkets.com - Commodities May Correct Higher As Markets Gear Up For FOMC

DailyMarkets.com - Commodities May Correct Higher As Markets Gear Up For FOMC

Commodities May Correct Higher As Markets Gear Up For FOMC

Posted: 24 Apr 2012 02:00 AM PDT

Talking Points

Oil, Copper Aim Higher on Pre-FOMC Correction as S&P 500 Futures Rise
Gold and Silver May Retrace Higher if Risk-on Mood Weighs on US Dollar

Commodity prices are little changed in early European hours as traders look for a catalyst to spark directional momentum. A quiet economic data docket turns the spotlight to the outcome of an Italian bond auction, with Rome selling zero-coupon 2014 debt as well as inflation-linked 2017 and 2019 paper. Traders will be keeping a close … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – 24 April 2012

Posted: 24 Apr 2012 01:45 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

Bank of Israel Holds Rate at 2.50% (Y net news)
Kazakh c.bank forms problem loan fund (Bloomberg)
Somaliland passes central bank law, establishes c.bank (Reuters)
PBOC largest c.bank in world by total assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Citi Trends, Inc. (CTRN)

Posted: 23 Apr 2012 11:04 PM PDT

Citi Trends, Inc.’s (NASDAQ:CTRN) falling comparable store sales, coupled with rising cost of goods sold and operating expenses, battered fourth-quarter 2011 results. The company incurred a quarterly loss of $0.18 per share, falling drastically from the year-ago quarter earnings of $0.64 per share. The results, however, bettered the Zacks Consensus Estimate of a loss of $0.20 per share.
Further, due to uncertainty hovering around sales, given the global economic unrest, the company decided not to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Sonic Automotive Inc.

Posted: 23 Apr 2012 11:04 PM PDT

Sonic Automotive (NYSE:SAH)
Rarely will a stock that misses earnings estimates be selected as a momentum rank-buy; but given the details of the report, Sonic may have upside from these levels.
Sonic has held above its 200 day moving average and been in an upward trend since October.  Yesterday's selloff following an earnings miss sent shares down roughly 9%, which may actually attractive buyers at  advantageous prices and allow the momentum in this stock to continue.  With a P/E … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: WD-40 Company

Posted: 23 Apr 2012 11:04 PM PDT

Estimates have been rising for WD-40 Company (NASDAQ:WDFC) after the company beat the Zacks Consensus Estimates on both the top and bottom lines, and management provided 2012 guidance above consensus.
It is a Zacks #2 Rank (Buy).
In addition, WD-40 Company has a solid balance sheet and strong cash flow, which has allowed it to pay a dividend that yields a solid 2.7%.
Company Description
WD-40 Company is a consumer products company with sales from around the globe. The company generates most of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Valmont Industries

Posted: 23 Apr 2012 11:04 PM PDT

Valmont Industries (VMI) is a Zacks #1 Rank (Strong Buy) following six straight positive earnings surprises and higher earnings estimates.
Company Description
Valmont Industries produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. The company’s Engineered Infrastructure Products segment offers steel and aluminum poles and structures, to which lighting and traffic control fixtures are attached for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: UnitedHealth Group (UNH)

Posted: 23 Apr 2012 11:04 PM PDT

UnitedHealth Group’s (NYSE:UNH) first quarter earnings came in significantly ahead of the Zacks Consensus Estimates on the back of strong revenue growth at UnitedHealthcare as well as Optum businesses and strong enrollment growth. We are bullish about the company’s long-term growth prospects.
UnitedHealth has strengthened its key capabilities to respond to the emerging growth opportunities. These initiatives have been taken to expand its Medicaid and Medicare business, growing the health service … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Evidence From Academic Research: Speculation Has Not Driven High Oil, Gas Prices

Posted: 23 Apr 2012 07:49 PM PDT

Economics professor Lutz Killian, University of Michigan, has a research paper titled “The Role of Speculation in Oil Markets: What Have We Learned So Far?” co-authored with Bassam Fattouh and Lavan Mahadeva, here’s the abstract (emphasis added):
  
“A popular view is that the surge in the price of oil during 2003-08 cannot be explained by economic fundamentals, but was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Pot Vending Machine

Posted: 23 Apr 2012 07:02 PM PDT

You knew this was inevitable……Read full story … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Not Enough Panic To Buy Yet

Posted: 23 Apr 2012 03:20 AM PDT

Now that we are nearly at support on the Spanish IBEX 35 Index, my inner trader tells me it’s too early to be buying. We need to wait for more pain and panic to materialize. My inner investor says that signs of value are starting to show up in a number of natural resource sectors and it’s time to start accumulating positions in resource cyclicals.

Spain a contrarian buy, but not yet
Soon after I wrote my last post (see Why I am buying the pain in Spain), Macro Man and I seemed to be on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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