Wednesday, May 16, 2012

DailyMarkets.com - UPDATE: Naked Short Selling, “Wall St. Conspiracy?”

DailyMarkets.com - UPDATE: Naked Short Selling, “Wall St. Conspiracy?”

UPDATE: Naked Short Selling, “Wall St. Conspiracy?”

Posted: 16 May 2012 02:34 AM PDT

How many people in America today are questioning the very integrity of our markets?
More than we can measure.
Regrettably, there has been strong evidence of practices in selected corners of Wall Street which have violated the trust of investors, betrayed any semblance of fair dealing, and destroyed the development of otherwise viable businesses and companies.
Specifically a month ago, I introduced readers to the artifice of naked short selling in promoting a documentary, "The Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Wednesday 16 May

Posted: 15 May 2012 11:25 PM PDT

Previously we mentioned that sentiment is neutral with more biased on the downside. Asia's stock markets tumble hard after Greece fails to form a unity government, raising euro jitters. This adds on to bearish sentiment. Resistance established at 2870. A few bearish stocks are on our watchlist, mainly Golden Agri, Biosensor and SembCorp. Sentiment –> … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Monster Beverage

Posted: 15 May 2012 11:23 PM PDT

Monster Beverage (MNST) sees growth in the implied earrings growth rate and has recently become a Zacks #1 Rank (Strong Buy).
Company Description
Monster Beverage makes alternative beverage category beverages. The company’s Direct Store Delivery segment offers carbonated energy drinks, non-carbonated dairy based coffee plus energy drinks and ready-to-drink iced teas. This segment sells its products through a distributor network. The company was formerly known as Hansen Natural Corporation and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Vitamin Shoppe, Inc.

Posted: 15 May 2012 11:23 PM PDT

Vitamin Shoppe, Inc. (VSI) shares have rocketed 41% in the past 6 months as this retailer of vitamin and feel good healthcare products gained from improved consumer confidence. On May 8, the company reported first-quarter earnings per share that beat the Zacks Consensus Estimate while climbing 30% from last year.
The stock was elevated to a Zacks #1 Rank (Strong Buy) on May 4 and has moved up 18.4% since.
Vitamin Shoppe Routinely Beats Quarterly Expectations
VSI has an excellent history of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Magna International Inc.

Posted: 15 May 2012 11:23 PM PDT

Estimates have been rising for Magna International Inc. (NYSE:MGA) after the company delivered both a revenue and earnings beat on May 10. It is a Zacks #1 Rank (Strong Buy) stock.
The company also pays a dividend that yields a solid 2.6%. And valuation is attractive too, with shares sporting a PEG ratio of only 0.8.
Company Description
Magna International Inc. is one of the largest diversified auto parts suppliers in the world. Geographically, its sales were divided as follows in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: China Life Insurance

Posted: 15 May 2012 11:23 PM PDT

We have downgraded our recommendation on China Life Insurance – ADR (NYSE:LFC) to Underperform from Neutral due to the lack of any significant growth catalyst amid the prevailing interest rate, market and currency risks. China Life’s full-year 2011 earnings declined steeply from the prior year, due to low premium income and increased impairment losses.
Operating cash flow also declined substantially due to increased claim expenses and adverse changes in the fair values of securities. Despite a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Texas Capital Bancshares (TCBI)

Posted: 15 May 2012 11:22 PM PDT

Texas Capital Bancshares’ (NASDAQ:TCBI) first-quarter 2012 operating earnings per share surpassed the Zacks Consensus Estimate. The results were also significantly ahead of the prior-year quarter’s earnings. Quarterly results benefited from an increase in the top line aided by an augmentation of both net interest income as well as non-interest income.
Texas Capital’s business model remains a chief growth driver. The gain in market share from its competitors and organic growth is impressive. Credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – 16 May 2012

Posted: 15 May 2012 10:43 PM 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.

Weak data, bank hikes led to cut: RBA (Business Spectator)
Hungary c.bank to expand range of currencies to buy (Wall Street Journal)
Indian Rupee rises on c.bank intervention (Loan Safe)
New Fed rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nile Digs In

Posted: 15 May 2012 08:27 PM PDT

By Jason Napodano, CFA

On May 15, 2012, Nile Therapeutics (NLTX) reported financial results for the first quarter 2012. The company reported grant revenues of $195K in the quarter. Net loss for the quarter was $0.8 million or $0.02 per share. Nile exited the first quarter ended March 31, 2012 with $0.4 million in cash and equivalents. Operating burn for the first three months of 2012 was $0.6 million.

…Cash Raise Buys Management Time…

In April 2012, Nile raised approximately $1.04 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

April Real Estate Blowout: Recovery Is Underway

Posted: 15 May 2012 07:50 PM PDT

Houston is now the 31st metro or state real estate market reporting double-digit gains in April (see full list here):

“April marked the eleventh straight month of growth in Houston home sales. Total sales and sales of single-family units registered increases of nearly 10% each over April of 2011. The average price of a single-family home rose by 11% year-over-year to $223,000. Rising demand pushed down the inventory of single-family homes by 27% compared to a year earlier. The Houston … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Going Below $1430? $1395?

Posted: 15 May 2012 06:40 PM PDT

It feels almost ridiculous and nearly irresponsible for me to suggest that gold will fall to below $1430. Personally, I think it has fallen way too much already. In a very short period of time the value of my holdings in mining stocks have been cut in half and I have no interest whatsoever in seeing gold tank even further. 

But for what it’s worth, I see a good possibility that gold has further to fall – much further. 

Last summer I did some research on Gold C-wave Tops and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Map Of The Day: 87% Of U.S. Federal Offshore Acreage Is Off Limits To Oil And Gas Development

Posted: 15 May 2012 06:39 PM PDT

The map above is from the American Petroleum Institute’s “2012 Energy in Charts: Energy Industry Statistics,” with the following commentary: 

“Additional access to offshore areas currently off limits remains a key missing component of U.S. energy policy, and would provide substantial additional gains to the nation in terms of energy security, employment and government … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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