Shares of Zion Oil & Gas (NASDAQ:ZN) traded at a new 52-week low Friday of $4.91. Approximately 1.2 million shares have traded hands Friday vs. average 30-day volume of 120,000 shares.
Zion Oil & Gas closed at $4.93, approximately 10.9% below its 50-day moving average of $5.54. SmarTrend will be monitoring shares of ZN to see if this bearish momentum will continue.(via : mysmartrend.com)
Watching money flows can provide traders with a glimpse into investor sentiment. When money flows are positive---more money is flowing in on uptick trades than is on downtick trades---it shows traders are confident the stock price is going to continue rising. When money flows are negative---more money is flowing in on downtick trades than is on uptick trades---it shows traders are confident the stock price is going to continue falling.
US HOT STOCKS: Sprint
Time:
6/28/2010 12:30:00 PM
U.S. stocks traded higher Monday as the Dow Jones Industrial Average gained 15 points to 10158, the Standard & Poor's 500 rose 0.6 point to 1077 and the Nasdaq Composite climbed 3.4 points to 2227. Among the companies whose shares are actively trading in the session are CardioNet Inc. (BEAT), Orexigen Therapeutics Inc. (OREX) and Isle of Capri Casinos Inc. (ISLE). (via: wsj.com)
Sprint Nextel Corporation (NYSE:S) soared 5.60% to $4.43 on 42.67 million shares. Sprint Nextel Corporation is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline.
Sprint Nextel Corporation (NYSE:S) soared 5.60% to $4.43 on 42.67 million shares. Sprint Nextel Corporation is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline.
Bank of America Corp (NYSE: BAC) Sued by Property Preservation
Time:
6/28/2010 12:24:00 PM
source:americanbankingnews.com
Bank of America Corp (NYSE: BAC) has been sued by a property preservation company on charges of deceit, fraud and breach of contract as well as unjust enrichment in a civil suit in California.
Diversified Field Services of Tustin, California, which maintains foreclosed properties for banks, says in its lawsuit that Bank of America Corp (NYSE: BAC) signed a Diversified Field Services to maintain repossessed homes in 14 states last year.
The company said that it spent more than $2 million preparing to do the work that Bank of America Corp (NYSE: BAC) contracted it to do, but that the work never came.
“Homeowners are not the only victims of this [mortgage] crisis; it extends to firms like DFS and onward to the mom-and-pop businesses who actually mow the lawns and clean the countless homes that now sit empty,” said DFS attorney Eric Goodman.
Bank of America Corp (NYSE: BAC) has been sued by a property preservation company on charges of deceit, fraud and breach of contract as well as unjust enrichment in a civil suit in California.
Diversified Field Services of Tustin, California, which maintains foreclosed properties for banks, says in its lawsuit that Bank of America Corp (NYSE: BAC) signed a Diversified Field Services to maintain repossessed homes in 14 states last year.
The company said that it spent more than $2 million preparing to do the work that Bank of America Corp (NYSE: BAC) contracted it to do, but that the work never came.
“Homeowners are not the only victims of this [mortgage] crisis; it extends to firms like DFS and onward to the mom-and-pop businesses who actually mow the lawns and clean the countless homes that now sit empty,” said DFS attorney Eric Goodman.
Citigroup spends $1.31 million on lobbying in 1Q
Time:
6/28/2010 12:19:00 PM
source:businessweek.com
Citigroup Inc. spent $1.31 million during the first quarter to lobby the government on financial regulatory reform and other issues tied to lending, according to a disclosure filing.
The New York-based bank spent 5 percent more than the $1.25 million it spent during the same quarter last year and in the final quarter of 2009.
Citigroup lobbied both houses of Congress, the Council of Economic Advisers, Department of Housing and Urban Development, Office of Thrift Supervision, National Economic Council, Treasury Department, White House, Executive Office of the President, Federal Reserve system, Treasury Department, Commodity Futures Trading Commission, Commerce Department, National Security Council and U.S. Trade Representative during the first quarter.
Citigroup Inc. spent $1.31 million during the first quarter to lobby the government on financial regulatory reform and other issues tied to lending, according to a disclosure filing.
The New York-based bank spent 5 percent more than the $1.25 million it spent during the same quarter last year and in the final quarter of 2009.
Citigroup lobbied both houses of Congress, the Council of Economic Advisers, Department of Housing and Urban Development, Office of Thrift Supervision, National Economic Council, Treasury Department, White House, Executive Office of the President, Federal Reserve system, Treasury Department, Commodity Futures Trading Commission, Commerce Department, National Security Council and U.S. Trade Representative during the first quarter.
Halliburton, Superior Well Rise as Macquarie Ups to Buy
Time:
6/28/2010 12:13:00 PM
By Tiernan Ray
source:barrons.com
Shares of Halliburton (HAL) are up 9 cents at $26.43, after Macquarie Securities analyst Waqar Syed raised his rating on the stock to “Outperform” from “Neutral,” along with shares of Superior Well Services (SWSI), another energy services firm.
SWSI is up 44 cents, or 2.7%, at $16.79, clearly enjoying a bigger bounce from this upgrade.
Syed raised his price target on HAL to $40 from $36, and to $25 from $20 for SWSI
The key point is demand is outstripping supply for the kinds of “pressure pumping” that HAL and Superior offer to oil and gas exploration firms. “effective pressure pumping utilization is now 100%, and in some regions, equipment is working 24/7.”
“Utilization conditions are fast approaching the very frothy 2006 tightness levels, although pricing is still well below,” writes Syed.
Clients are now being wait-listed for work by Halliburton and Superior, writes Syed, by as much as four months.
source:barrons.com
Shares of Halliburton (HAL) are up 9 cents at $26.43, after Macquarie Securities analyst Waqar Syed raised his rating on the stock to “Outperform” from “Neutral,” along with shares of Superior Well Services (SWSI), another energy services firm.
SWSI is up 44 cents, or 2.7%, at $16.79, clearly enjoying a bigger bounce from this upgrade.
Syed raised his price target on HAL to $40 from $36, and to $25 from $20 for SWSI
The key point is demand is outstripping supply for the kinds of “pressure pumping” that HAL and Superior offer to oil and gas exploration firms. “effective pressure pumping utilization is now 100%, and in some regions, equipment is working 24/7.”
“Utilization conditions are fast approaching the very frothy 2006 tightness levels, although pricing is still well below,” writes Syed.
Clients are now being wait-listed for work by Halliburton and Superior, writes Syed, by as much as four months.
Swiss Stocks Gain; Transocean, ABB Shares Lead Advance in SMI
Time:
6/28/2010 08:05:00 AM
By Alexis Xydias
source:businessweek.com
June 28 (Bloomberg) -- Stocks in Switzerland gained for the first time in five days after Group of 20 leaders pledged to work to spur economic growth as nations tackle budget deficits. Transocean Ltd. and ABB Ltd. led the advance.
Transocean, the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, rose 1.7 percent as the U.K. oil company reiterated its August timeline for plugging the well. ABB climbed 1.2 percent after Finanz und Wirtschaft reported that the world’s biggest builder of power- transmission networks is weighing further takeover targets.
The Swiss Market Index of the biggest and most actively traded companies rose 0.5 percent to 6,308.47 at 12:45 p.m. in Zurich. The broader Swiss Performance Index also gained 0.5 percent.
The SMI has declined 9.5 percent from this year’s high on April 15 on concern a sovereign-debt crisis in Europe will slow growth and speculation the Chinese authorities are moving to cool the world’s largest emerging economy. Meeting in Toronto yesterday, the G-20 meeting of the world’s largest economies reached agreement that they must still focus on spurring growth even as countries start tightening spending.
source:businessweek.com
June 28 (Bloomberg) -- Stocks in Switzerland gained for the first time in five days after Group of 20 leaders pledged to work to spur economic growth as nations tackle budget deficits. Transocean Ltd. and ABB Ltd. led the advance.
Transocean, the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, rose 1.7 percent as the U.K. oil company reiterated its August timeline for plugging the well. ABB climbed 1.2 percent after Finanz und Wirtschaft reported that the world’s biggest builder of power- transmission networks is weighing further takeover targets.
The Swiss Market Index of the biggest and most actively traded companies rose 0.5 percent to 6,308.47 at 12:45 p.m. in Zurich. The broader Swiss Performance Index also gained 0.5 percent.
The SMI has declined 9.5 percent from this year’s high on April 15 on concern a sovereign-debt crisis in Europe will slow growth and speculation the Chinese authorities are moving to cool the world’s largest emerging economy. Meeting in Toronto yesterday, the G-20 meeting of the world’s largest economies reached agreement that they must still focus on spurring growth even as countries start tightening spending.
Boeing Machinists Accept Contract Offer, Won’t Strike
Time:
6/27/2010 12:44:00 PM
By Will Daley and Martin Z. Braun
source:businessweek.com
Boeing Co. machinists at a St. Louis fighter-jet plant won’t strike tomorrow after voting today to accept a proposed contract that will put new workers in a 401(k)-style pension.
The four-and-a-half year contract was accepted by a vote of 1,237 to 838, two weeks after union members rejected the contract.
“There will be no strike,” said Tom Pinski, a spokesman for the International Association of Machinists and Aerospace Workers district 837. The union represents about 2,500 machinists. A strike would have halted production of F-15 and F- 18 jets.
The contract leaves in a place a Boeing proposal to put workers hired after January 2012 into a 401(k)-style plan rather than a defined benefit plan. The agreement calls for a 3 percent wage increase in the second through fifth years, Pinski said. The company removed language that would have dropped dependents’ medical coverage if an employee was on medical leave for more than six months, he said.
“I’m not sure they were voting in favor of the 401(k) plan, they were voting that Boeing would be adamant enough and harsh enough that even if they went on strike they still would not be able to retain a defined pension plan,” Pinski said.
source:businessweek.com
Boeing Co. machinists at a St. Louis fighter-jet plant won’t strike tomorrow after voting today to accept a proposed contract that will put new workers in a 401(k)-style pension.
The four-and-a-half year contract was accepted by a vote of 1,237 to 838, two weeks after union members rejected the contract.
“There will be no strike,” said Tom Pinski, a spokesman for the International Association of Machinists and Aerospace Workers district 837. The union represents about 2,500 machinists. A strike would have halted production of F-15 and F- 18 jets.
The contract leaves in a place a Boeing proposal to put workers hired after January 2012 into a 401(k)-style plan rather than a defined benefit plan. The agreement calls for a 3 percent wage increase in the second through fifth years, Pinski said. The company removed language that would have dropped dependents’ medical coverage if an employee was on medical leave for more than six months, he said.
“I’m not sure they were voting in favor of the 401(k) plan, they were voting that Boeing would be adamant enough and harsh enough that even if they went on strike they still would not be able to retain a defined pension plan,” Pinski said.
Apple Stock Price Hit After iPhone 4 Recall Rumors
Time:
6/27/2010 12:29:00 PM
by Bob
source:rudefox.com
Recently complaints have been dropping in regarding reception problems in the new iPhone 4. Many people have reported that once they start using the iPhone, the signals drop once its held in a particular way. Though Steve Jobs said that the antenna had been engineered in a new way, it seems to have affected its performance.
During their 52 week period, value of Apple stocks (NASDAQ:AAPL) have almost doubled, giving it a market cap bigger than Microsoft (NASDAQ:MSFT) whose dominance has been recently challenged.
source:rudefox.com
Recently complaints have been dropping in regarding reception problems in the new iPhone 4. Many people have reported that once they start using the iPhone, the signals drop once its held in a particular way. Though Steve Jobs said that the antenna had been engineered in a new way, it seems to have affected its performance.
During their 52 week period, value of Apple stocks (NASDAQ:AAPL) have almost doubled, giving it a market cap bigger than Microsoft (NASDAQ:MSFT) whose dominance has been recently challenged.
Active Stocks: BP (BP) shares hit 14-year-low
Time:
6/27/2010 12:22:00 PM
by StockPicker
source:beaconequity.com
British Petroleum (NYSE: BP) shares plunged 6% on Friday, closing to a 14-year low amid growing concerns that the total liability associated with the oil spill in the Gulf will be larger than expected.
As BP shares continue to retreat for the ninth straight week, the company’s market value has dropped by approximately $100 billion since an explosion at one of its deepwater rigs sank to the bottom of the Gulf in late April.
Rising costs, inevitable legal liabilities, and BP’s inability to stop the leak of an estimated 2.0 million gallons per day, have increasingly spooked shareholders to sell their shares.
BP is under increasing pressure to assure the costs associated with capping the well and future costs to clean the Gulf, which the company says has reached $2.35 billion already.
Given the high costs in the debt market, analyst Alastair Syme of Nomura Securities Co. said he believes an equity investor may be needed in the short term to fund the crisis, further diluting the shares.
source:beaconequity.com
British Petroleum (NYSE: BP) shares plunged 6% on Friday, closing to a 14-year low amid growing concerns that the total liability associated with the oil spill in the Gulf will be larger than expected.
As BP shares continue to retreat for the ninth straight week, the company’s market value has dropped by approximately $100 billion since an explosion at one of its deepwater rigs sank to the bottom of the Gulf in late April.
Rising costs, inevitable legal liabilities, and BP’s inability to stop the leak of an estimated 2.0 million gallons per day, have increasingly spooked shareholders to sell their shares.
BP is under increasing pressure to assure the costs associated with capping the well and future costs to clean the Gulf, which the company says has reached $2.35 billion already.
Given the high costs in the debt market, analyst Alastair Syme of Nomura Securities Co. said he believes an equity investor may be needed in the short term to fund the crisis, further diluting the shares.
Stock Analysis: Apple stock surge may tilt it to failure
Time:
6/26/2010 01:00:00 PM
source:indianexpress.com
The 38-fold surge in Apple shares that drove the iPhone seller past Microsoft market value means the company may be “too big to succeed,” according to research from Rob Arnott.
Research Affiliates LLC found that since 1953, shares of the biggest Standard & Poor’s 500 Index company in an industry trailed the average stock by 2.4% a year in the next decade. The chart shows the market value of Apple, whose stock rallied to $270.17 on Wednesday from $7.17 at the end of 2002, passed Redmond, Washington-based Microsoft’s in May following the introduction of the iPad tablet computer.
Apple, based in Cupertino, California, has increased net income seven straight years, following the release of the iPod music player in 2001 and the iPhone in 2007.
The iPad came out in April, and Apple is forecast to report record profit of $12.4 billion in the fiscal year ending in September, according to the average of 28 analyst estimates in a survey.
The 38-fold surge in Apple shares that drove the iPhone seller past Microsoft market value means the company may be “too big to succeed,” according to research from Rob Arnott.
Research Affiliates LLC found that since 1953, shares of the biggest Standard & Poor’s 500 Index company in an industry trailed the average stock by 2.4% a year in the next decade. The chart shows the market value of Apple, whose stock rallied to $270.17 on Wednesday from $7.17 at the end of 2002, passed Redmond, Washington-based Microsoft’s in May following the introduction of the iPad tablet computer.
Apple, based in Cupertino, California, has increased net income seven straight years, following the release of the iPod music player in 2001 and the iPhone in 2007.
The iPad came out in April, and Apple is forecast to report record profit of $12.4 billion in the fiscal year ending in September, according to the average of 28 analyst estimates in a survey.
Taser International Hits a New 52-Week Low (TASR)
Time:
6/26/2010 12:47:00 PM
By Chip Brian
source:mysmartrend.com
Shares of Taser International (NASDAQ:TASR) traded at a new 52-week low yesterday of $3.81. Approximately 1.6 million shares have traded hands yesterday vs. average 30-day volume of 1.3 million shares.
Taser International closed at $3.85, approximately 18.3% below its 50-day moving average of $4.71. SmarTrend will be monitoring shares of TASR to see if this bearish momentum will continue.
source:mysmartrend.com
Shares of Taser International (NASDAQ:TASR) traded at a new 52-week low yesterday of $3.81. Approximately 1.6 million shares have traded hands yesterday vs. average 30-day volume of 1.3 million shares.
Taser International closed at $3.85, approximately 18.3% below its 50-day moving average of $4.71. SmarTrend will be monitoring shares of TASR to see if this bearish momentum will continue.
Best Buy Can Cruise To $42 With A Little Push From Mobile Stores
Time:
6/26/2010 12:36:00 PM
by Trefis
source:blogs.forbes.com
Best Buy, which competes primarily with Wal-Mart and RadioShack after the closure of Circuit City during the recession, is the largest specialty retailer of consumer electronics in the United States. The retailer enjoys a market share of more than 22% in the U.S. consumer electronics market.
The company has seen success with its smaller Best Buy Mobile stores. Best Buy leveraged Carphone Warehouse's (CPW) experience running independent mobile phone stores to make Best Buy Mobile work in the U.S. We estimate that Best Buy Mobile's stand-alone stores account for about 6% of the $42 Trefis price estimate for Best Buy's stock.
Best Buy Mobile Stand-Alone Stores Are Growing at a Brisk Pace
Best Buy Mobile is integrated into many existing Best Buy locations and the company’s stand-alone Best Buy Mobile stores are growing at a fast pace - from a count of five in 2007 to 74 in 2009. We expect this store count figure to cross 200 by the end of the Trefis forecast period.
source:blogs.forbes.com
Best Buy, which competes primarily with Wal-Mart and RadioShack after the closure of Circuit City during the recession, is the largest specialty retailer of consumer electronics in the United States. The retailer enjoys a market share of more than 22% in the U.S. consumer electronics market.
The company has seen success with its smaller Best Buy Mobile stores. Best Buy leveraged Carphone Warehouse's (CPW) experience running independent mobile phone stores to make Best Buy Mobile work in the U.S. We estimate that Best Buy Mobile's stand-alone stores account for about 6% of the $42 Trefis price estimate for Best Buy's stock.
Best Buy Mobile Stand-Alone Stores Are Growing at a Brisk Pace
Best Buy Mobile is integrated into many existing Best Buy locations and the company’s stand-alone Best Buy Mobile stores are growing at a fast pace - from a count of five in 2007 to 74 in 2009. We expect this store count figure to cross 200 by the end of the Trefis forecast period.
Stock Analysis: Intel - Worst Performing Dow Component
Time:
6/26/2010 12:27:00 PM
by Christian Paolinetti
source:tradershuddle.com
The Dow Jones Industrial Average is lower trading at 10139.3, which represents -0.13% versus its previous trading session close. The blue chip index is having a mixed day with downside bias by having only 12 Dow components trading higher.
JP Morgan (NYSE:JPM) is the Dow's top performer this morning with the stock trading at $38.64 representing 1.6% versus the previous trading session. Shares of JP Morgan, the second largest U.S. lender have defined support at $36.55 and resistance at $39.78.
Bank of America (NYSE:BAC) is also among the top performers early in the trading session, trading at $15.22 representing 1.33% from its previous close. Bank of America, the largest U.S. lender has calculated support and resistance levels at $14.77 and $16.10 respectively. The other top performer this morning is Merck (NYSE:MRK), which is trading at $35.93 representing 0.9% from the previous trading session.
The Dow's worst performers include Intel (NASDAQ:INTC) that is trading at $20.01 or -1.53% from the previous close. Shares of Intel, the largest chipmaker in the world have defined support at $19.74 and resistance at $21.69. Also among the worst performers we have Coca Cola (NYSE:KO), which is trading at $51.1 representing -1.35% from the previous trading session.
source:tradershuddle.com
The Dow Jones Industrial Average is lower trading at 10139.3, which represents -0.13% versus its previous trading session close. The blue chip index is having a mixed day with downside bias by having only 12 Dow components trading higher.
JP Morgan (NYSE:JPM) is the Dow's top performer this morning with the stock trading at $38.64 representing 1.6% versus the previous trading session. Shares of JP Morgan, the second largest U.S. lender have defined support at $36.55 and resistance at $39.78.
Bank of America (NYSE:BAC) is also among the top performers early in the trading session, trading at $15.22 representing 1.33% from its previous close. Bank of America, the largest U.S. lender has calculated support and resistance levels at $14.77 and $16.10 respectively. The other top performer this morning is Merck (NYSE:MRK), which is trading at $35.93 representing 0.9% from the previous trading session.
The Dow's worst performers include Intel (NASDAQ:INTC) that is trading at $20.01 or -1.53% from the previous close. Shares of Intel, the largest chipmaker in the world have defined support at $19.74 and resistance at $21.69. Also among the worst performers we have Coca Cola (NYSE:KO), which is trading at $51.1 representing -1.35% from the previous trading session.
South African Stocks Preview: DRDGOLD Ltd. (DROOY)
Time:
6/26/2010 12:06:00 PM
By Carli Lourens
source;businessweek.com
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index dropped for a third day, sliding 204.26, or 0.7 percent, to 27,413.65 in Johannesburg.
DRDGold Ltd. (DROOY US) lost 0.7 percent to $4.61. Gold Fields Ltd.
source;businessweek.com
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index dropped for a third day, sliding 204.26, or 0.7 percent, to 27,413.65 in Johannesburg.
DRDGold Ltd. (DROOY US) lost 0.7 percent to $4.61. Gold Fields Ltd.
Option Activity Alert: Call Buying Climbs on QUALCOMM, Inc.
Time:
6/26/2010 10:11:00 AM
by Elizabeth Harrow (eharrow@sir-inc.com)
source:schaeffersresearch.com
Are traders speculating bullishly, or just hedging their bets?
QUALCOMM, Inc. (QCOM) has become a favorite target of call buyers lately. During the past five days, the International Securities Exchange (ISE) reports that traders have bought to open 14,684 calls on the equity, compared to 920 puts. The security's five-day call/put volume ratio of 15.96 reveals that nearly 16 times more bullish bets than bearish were purchased during this time frame.
Taking a slightly longer-term look, QCOM's 10-day ISE call/put volume ratio smoothes out to a tamer 2.23, with calls bought to open more than doubling puts during the past two weeks. This ratio ranks in the 73rd annual percentile, suggesting that traders have snapped up calls over puts at a faster pace just 27% of the time during the past year.
However, the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.87 indicates that skepticism still lingers among near-term traders. This ratio arrives in the 55th annual percentile, just barely on the bearish side of neutral.
source:schaeffersresearch.com
Are traders speculating bullishly, or just hedging their bets?
QUALCOMM, Inc. (QCOM) has become a favorite target of call buyers lately. During the past five days, the International Securities Exchange (ISE) reports that traders have bought to open 14,684 calls on the equity, compared to 920 puts. The security's five-day call/put volume ratio of 15.96 reveals that nearly 16 times more bullish bets than bearish were purchased during this time frame.
Taking a slightly longer-term look, QCOM's 10-day ISE call/put volume ratio smoothes out to a tamer 2.23, with calls bought to open more than doubling puts during the past two weeks. This ratio ranks in the 73rd annual percentile, suggesting that traders have snapped up calls over puts at a faster pace just 27% of the time during the past year.
However, the equity's Schaeffer's put/call open interest ratio (SOIR) of 0.87 indicates that skepticism still lingers among near-term traders. This ratio arrives in the 55th annual percentile, just barely on the bearish side of neutral.
Stock Analysis:What’s Going On with Dendreon Stock?
Time:
6/26/2010 09:59:00 AM
By James Altucher
source:blogs.wsj.com
Shares of Dendreon are off over 2% today and down 12% in the past week despite the S&P being down about 0.4%. But even more importantly, DNDN, currently at 34 and change, is 23 points off its high of 57.67, which it reached after the FDA approved the prostate drug Provenge. What is going on here?
Clearly, some people/funds were in it for the short haul. They were making the bet that Provenge was going to get approved and the stock would pop. The drug got approved, the stock popped, and as per their plan, they bailed on the stock and are probably still bailing. If you held it at 10, 15, 35, and were happy to see it pop to 57, there’s no reason for you to hold out for $70 where it can probably go once its drug starts selling and producing profits.
Part of the concern is that people are afraid Dendreon might miss analyst estimates on the quarter. They are just beginning selling Provenge and estimates are for about $7 million. Any miss here is meaningless. This is a drug that eventually will bring in billions of dollars a year.
source:blogs.wsj.com
Shares of Dendreon are off over 2% today and down 12% in the past week despite the S&P being down about 0.4%. But even more importantly, DNDN, currently at 34 and change, is 23 points off its high of 57.67, which it reached after the FDA approved the prostate drug Provenge. What is going on here?
Clearly, some people/funds were in it for the short haul. They were making the bet that Provenge was going to get approved and the stock would pop. The drug got approved, the stock popped, and as per their plan, they bailed on the stock and are probably still bailing. If you held it at 10, 15, 35, and were happy to see it pop to 57, there’s no reason for you to hold out for $70 where it can probably go once its drug starts selling and producing profits.
Part of the concern is that people are afraid Dendreon might miss analyst estimates on the quarter. They are just beginning selling Provenge and estimates are for about $7 million. Any miss here is meaningless. This is a drug that eventually will bring in billions of dollars a year.
Netlist Set to Join Russell Microcap(R) Index
Time:
6/25/2010 09:46:00 AM
Source:marketwatch.com
IRVINE, Calif., June 25, 2010 /PRNewswire via COMTEX/ -- Netlist, Inc.(NLST 2.84, +0.38, +15.45%) , a designer and manufacturer of high-performance memory subsystems, today announced that it will join the Russell Microcap(R) Index when Russell Investments reconstitutes its family of U.S. indexes after the close of the U.S. markets today, according to a preliminary list of additions posted June 11 on www.russell.com.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Netlist Chief Executive Officer C.K. Hong said, "We are pleased to be included in the Russell Microcap Index. The inclusion in this index increases our visibility in the investment community and will contribute to our efforts to increase shareholder value as we move to market our two emerging technology platforms, HyperCloud(TM) and NetVault(TM)."
IRVINE, Calif., June 25, 2010 /PRNewswire via COMTEX/ -- Netlist, Inc.(NLST 2.84, +0.38, +15.45%) , a designer and manufacturer of high-performance memory subsystems, today announced that it will join the Russell Microcap(R) Index when Russell Investments reconstitutes its family of U.S. indexes after the close of the U.S. markets today, according to a preliminary list of additions posted June 11 on www.russell.com.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Netlist Chief Executive Officer C.K. Hong said, "We are pleased to be included in the Russell Microcap Index. The inclusion in this index increases our visibility in the investment community and will contribute to our efforts to increase shareholder value as we move to market our two emerging technology platforms, HyperCloud(TM) and NetVault(TM)."
Bullish Speculation for Direxion Daily Real Estate Bear 3X Shrs (DRV)
Time:
6/25/2010 09:38:00 AM
by Leo
source:marketintellisearch.com
NEW YORK (Market Intellisearch) -- Shares of Direxion Daily Real Estate Bear 3X Shrs settled at $7.22 up $0.43(+6.33%) in today's trading session. On the volume front, trading was heavier than usual and the price of DRV shares crossed above the 50-day moving average of $7.19. The relationship between the stock's price and its moving average is key to determining the trend.
Today's trading activity is a sign that the shares of DRV may continue to head higher in the near future as long as the moving average continues to rise.
source:marketintellisearch.com
NEW YORK (Market Intellisearch) -- Shares of Direxion Daily Real Estate Bear 3X Shrs settled at $7.22 up $0.43(+6.33%) in today's trading session. On the volume front, trading was heavier than usual and the price of DRV shares crossed above the 50-day moving average of $7.19. The relationship between the stock's price and its moving average is key to determining the trend.
Today's trading activity is a sign that the shares of DRV may continue to head higher in the near future as long as the moving average continues to rise.
BP shares hit 14-year low amid funding concerns
Time:
6/25/2010 06:41:00 AM
source:bbc.co.uk
Shares in BP have fallen further amid speculation that the company may have to seek extra funds to pay for its oil spill costs.
Shares were down by 7% at one stage, hitting a 14-year low.
In a note to investors trading house Nomura said pressure was growing on the company to "assure sufficient funding" to stop the spill.
Earlier BP said that its costs linked to the Gulf of Mexico oil disaster had risen to $2.35bn (£1.57bn).
The total costs, including compensation claims, are expected to be much higher.
"We consider that equity linked financing - perhaps backed by sovereign wealth - could prove the attractive short-term solution," said Nomura,
It added that BP's perceived need for more money was damaging the company in the eyes of investors.
Shares in BP have fallen further amid speculation that the company may have to seek extra funds to pay for its oil spill costs.
Shares were down by 7% at one stage, hitting a 14-year low.
In a note to investors trading house Nomura said pressure was growing on the company to "assure sufficient funding" to stop the spill.
Earlier BP said that its costs linked to the Gulf of Mexico oil disaster had risen to $2.35bn (£1.57bn).
The total costs, including compensation claims, are expected to be much higher.
"We consider that equity linked financing - perhaps backed by sovereign wealth - could prove the attractive short-term solution," said Nomura,
It added that BP's perceived need for more money was damaging the company in the eyes of investors.
Emerging Stock Report Initiates Independent Research Coverage on Sirius XM Radio, Inc.
Time:
6/24/2010 10:43:00 AM
source:marketwatch.com
CALGARY, Alberta, Jun 24, 2010 (GlobeNewswire via COMTEX) -- Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Sirius XM Radio, Inc. /quotes/comstock/15*!siri/quotes/nls/siri (SIRI 1.06, -0.01, -0.47%) . Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.
To view the Report in its entirety visit: http://www.emergingstockreport.com
CALGARY, Alberta, Jun 24, 2010 (GlobeNewswire via COMTEX) -- Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Sirius XM Radio, Inc. /quotes/comstock/15*!siri/quotes/nls/siri (SIRI 1.06, -0.01, -0.47%) . Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.
To view the Report in its entirety visit: http://www.emergingstockreport.com
Goldman Sachs: Halliburton Attractive, Deepwater Outlook Bleak (HAL, ATW, DO)
Time:
6/24/2010 10:37:00 AM
source:insurancenewsnet.com
With the recent Gulf oil spill and the new government regulations expected for deepwater drilling, Goldman Sachs is bullish on land drilling, where deepwater drilling money could be reallocated towards.
Goldman Sachs is favoring diversified oil service companies and land drillers with improving fundamentals and attractive valuation. These companies include Halliburton (NYSE: HAL), Ensco (NYSE: ESV), Nabors (NYSE: NBR), Helmerich & Payne (NYSE: HP), and Bristow (NYSE: BRS), which are all buy rated. Goldman sees deepwater drillers with deteriorating fundamentals as bad investments. Atwood Oceanics (NYSE: ATW) and Diamond Drilling (NYSE: DO) are both sell rated.
With the recent Gulf oil spill and the new government regulations expected for deepwater drilling, Goldman Sachs is bullish on land drilling, where deepwater drilling money could be reallocated towards.
Goldman Sachs is favoring diversified oil service companies and land drillers with improving fundamentals and attractive valuation. These companies include Halliburton (NYSE: HAL), Ensco (NYSE: ESV), Nabors (NYSE: NBR), Helmerich & Payne (NYSE: HP), and Bristow (NYSE: BRS), which are all buy rated. Goldman sees deepwater drillers with deteriorating fundamentals as bad investments. Atwood Oceanics (NYSE: ATW) and Diamond Drilling (NYSE: DO) are both sell rated.
Transocean Must Give Rig Debris to Marine Panel, Judge Says
Time:
6/24/2010 10:33:00 AM
By Laurel Brubaker Calkins
source:businessweek.com
Transocean Ltd. must comply with a subpoena from a joint panel of the U.S. Coast Guard and Minerals Management Service that is investigating the explosion that sank the Deepwater Horizon drilling rig off the Louisiana coast, killing 11 and causing the worst oil spill in U.S. history.
U.S. District Judge Keith Ellison in Houston today rejected the request by Transocean, the rig’s owner, to block the panel’s subpoena, which was approved by a different federal judge in New Orleans. Ellison is overseeing Transocean’s attempt to limit its liability related to the sunken rig.
Transocean’s lawyers said they feared turning over the rig’s work logs, records and physical debris would put it in violation of other court orders and a request by the U.S. Justice Department to preserve and maintain all evidence related to the disaster.
source:businessweek.com
Transocean Ltd. must comply with a subpoena from a joint panel of the U.S. Coast Guard and Minerals Management Service that is investigating the explosion that sank the Deepwater Horizon drilling rig off the Louisiana coast, killing 11 and causing the worst oil spill in U.S. history.
U.S. District Judge Keith Ellison in Houston today rejected the request by Transocean, the rig’s owner, to block the panel’s subpoena, which was approved by a different federal judge in New Orleans. Ellison is overseeing Transocean’s attempt to limit its liability related to the sunken rig.
Transocean’s lawyers said they feared turning over the rig’s work logs, records and physical debris would put it in violation of other court orders and a request by the U.S. Justice Department to preserve and maintain all evidence related to the disaster.
Stock Analysis: Will iPhone 4 Send Apple Stock Soaring?
Time:
6/24/2010 10:17:00 AM
source:sfgate.com
With the release of Apple's new iPhone 4, investors may be wondering how Apple stock will behave around the release. Let's take a look at how Apple's stock price has moved for the previous iPhone releases to see what we can learn.
iPhone Euphoria
The original iPhone was met with great fanfare after CEO Steve Jobs' announcement introducing it at Macworld on January 9, 2007. Jobs introduced the phone saying, "iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone."
Since customers were unable to buy the phone until June, Apple enthusiasts instead went on a buying spree for Apple stock. Following the surprise announcement, Apple shares jumped over 15%, from $85.47 on January 8 to close at $97.00 on January 10. Order volume for the two days soared over 100 million on both days, about four times Apple's normal trading volume before the announcement.
With the release of Apple's new iPhone 4, investors may be wondering how Apple stock will behave around the release. Let's take a look at how Apple's stock price has moved for the previous iPhone releases to see what we can learn.
iPhone Euphoria
The original iPhone was met with great fanfare after CEO Steve Jobs' announcement introducing it at Macworld on January 9, 2007. Jobs introduced the phone saying, "iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone."
Since customers were unable to buy the phone until June, Apple enthusiasts instead went on a buying spree for Apple stock. Following the surprise announcement, Apple shares jumped over 15%, from $85.47 on January 8 to close at $97.00 on January 10. Order volume for the two days soared over 100 million on both days, about four times Apple's normal trading volume before the announcement.
Cisco Systems (CSCO) Rating Maintained Alert, Watch for 8.3% Technical Downtrend Reversal
Time:
6/24/2010 10:06:00 AM
source:mysmartrend.com
Cisco Systems (NASDAQ:CSCO) maintained Buy, $33 target, at Ticonderoga. The stock closed yesterday at $22.86 on volume of 53,945,300 shares, below average daily volume of 55,441,457.
Cisco Systems is currently below its 50-day moving average of $24.86 and below its 200-day moving average of $24.34.
Cisco Systems (NASDAQ:CSCO) maintained Buy, $33 target, at Ticonderoga. The stock closed yesterday at $22.86 on volume of 53,945,300 shares, below average daily volume of 55,441,457.
Cisco Systems is currently below its 50-day moving average of $24.86 and below its 200-day moving average of $24.34.
Watch for YRC Worldwide to Rebound after Falling 9.05% Yesterday
Time:
6/24/2010 10:01:00 AM
source:mysmartrend.com
YRC Worldwide (NASDAQ:YRCW) traded in a range yesterday that spanned from a low of $0.19 to a high of $0.21. Yesterday, the shares fell 9.05%, which took the trading range below the 3-day low of $0.21 on volume of 23.5 million shares.
Shares of YRC Worldwide are currently trading below their 50-day moving average (MA) of $0.45 and below their 200-day MA of $1.37. Look for these MAs to provide resistance for a short-term rebound in the shares.
YRC Worldwide (NASDAQ:YRCW) traded in a range yesterday that spanned from a low of $0.19 to a high of $0.21. Yesterday, the shares fell 9.05%, which took the trading range below the 3-day low of $0.21 on volume of 23.5 million shares.
Shares of YRC Worldwide are currently trading below their 50-day moving average (MA) of $0.45 and below their 200-day MA of $1.37. Look for these MAs to provide resistance for a short-term rebound in the shares.
Sell,buy or hold? BP: $2 Billion Spent on US Oil Spill
Time:
6/21/2010 11:51:00 AM
source:voanews.com
Oil company BP says it has spent $2 billion responding to the massive oil leak in the Gulf of Mexico.
In a statement Monday, the British energy company said its costs to date include ongoing containment efforts, relief well drilling, federal costs and claims paid to affected individuals and businesses.
The company last week agreed to establish a $20 billion fund to compensate victims of the disaster. It said Monday it has so far paid out $105 million in response to 32,000 claims resulting from the leak, caused by an explosion at a deepwater oil rig two months ago.
Oil company BP says it has spent $2 billion responding to the massive oil leak in the Gulf of Mexico.
In a statement Monday, the British energy company said its costs to date include ongoing containment efforts, relief well drilling, federal costs and claims paid to affected individuals and businesses.
The company last week agreed to establish a $20 billion fund to compensate victims of the disaster. It said Monday it has so far paid out $105 million in response to 32,000 claims resulting from the leak, caused by an explosion at a deepwater oil rig two months ago.
Stocks in Play for June 21: Motorola Inc. (MOT)
Time:
6/21/2010 11:15:00 AM
Motorola (MOT) finally broke out and made a nice move today. I’m watching the stock for a continuation move next week. MOT is back to bull market rally with MACD on top of 0 and %K line on top of %D line. The stock has good upside potential, so keep watching the stock for further moves.
RIM Stock Analysis:(RIMM) under Pressure from Rivals
Time:
6/21/2010 11:07:00 AM
by smart_trader
source:beaconequity.com
Research In Motion, (Nasdaq: RIMM)(RIM), is expected to post its first-quarter fiscal results on June 24 following the close of trading.
With demand for smart phones exceptionally strong globally, the maker of the iconic BlackBerry’s is expected to post a 33% increase in net income for the quarter ended May 31.
RIM’s devices currently hold approximately 45% of the U.S. market and 18% of the international market, and are especially popular with corporate managers who like the high level of reliability and security offered by the BlackBerry.
But RIM has recently seen its market invaded by rivals.
source:beaconequity.com
Research In Motion, (Nasdaq: RIMM)(RIM), is expected to post its first-quarter fiscal results on June 24 following the close of trading.
With demand for smart phones exceptionally strong globally, the maker of the iconic BlackBerry’s is expected to post a 33% increase in net income for the quarter ended May 31.
RIM’s devices currently hold approximately 45% of the U.S. market and 18% of the international market, and are especially popular with corporate managers who like the high level of reliability and security offered by the BlackBerry.
But RIM has recently seen its market invaded by rivals.
Direxion Daily Financial Bull 3X Shares Looks Bearish on Money Flow
Time:
6/21/2010 10:48:00 AM
source:learningmarkets.com
Direxion Daily Financial Bull 3X Shares (FAS) gained some ground during trading yesterday, but it appears there is some bearish pressure building up in the background. Looking at yesterday's money flows, $6.13 million left the stock. Only $74.37 million flowed into the stock on uptick trades while $68.24 million flowed in on downtick trades---giving FAS an up/down ratio of 92/100.
The question is, will FAS continue rising or will increasing bearish sentiment help turn things around and start pushing the stock price lower? FAS has lost 14.18% during the past month and is currently trading above its 20-day moving average but below its 50-day and 200-day moving averages.
Direxion Daily Financial Bull 3X Shares (FAS) gained some ground during trading yesterday, but it appears there is some bearish pressure building up in the background. Looking at yesterday's money flows, $6.13 million left the stock. Only $74.37 million flowed into the stock on uptick trades while $68.24 million flowed in on downtick trades---giving FAS an up/down ratio of 92/100.
The question is, will FAS continue rising or will increasing bearish sentiment help turn things around and start pushing the stock price lower? FAS has lost 14.18% during the past month and is currently trading above its 20-day moving average but below its 50-day and 200-day moving averages.
Stock Alerts: Apple poised to pop on Monday
Time:
6/21/2010 10:13:00 AM
by Philip Elmer-DeWitt
source:cnn.com
Apple opened on the Frankfurt exchange at $279.76, up 1.81%.
The stock was up more than 1.8% in pre-market trading
If you were thinking of selling Apple (AAPL) short, this might not be a good week to do it, what with analysts raising their share price targets and a big product launch set for Thursday.
source:cnn.com
Apple opened on the Frankfurt exchange at $279.76, up 1.81%.
The stock was up more than 1.8% in pre-market trading
If you were thinking of selling Apple (AAPL) short, this might not be a good week to do it, what with analysts raising their share price targets and a big product launch set for Thursday.
Sirius XM Stock Chart Continues Consolidation
Time:
6/21/2010 10:06:00 AM
By: Gino Lattarulo
source:kingofalltrades.com
Although Sirius XM Radio (NASDAQ:SIRI) has triggered a bearish signal by breaking through its rising triangle pattern, the stock action seems to be trading into a channel as outlined by one of two scenarios in a previous article . Let’s take a look at the daily and weekly charts again.
The Daily chart shows where Siri broke down through the rising triangle back in May but so far has not broken through major support levels. Instead it is trading within a .10 cent channel between .95 and 1.05 and has broken back up through a short term down trend. The break upward is not very significant because of the low volume, hence the channel. Considering the state of the market I think a channel is good news.
Moving to a simple weekly chart we can see a wider scope on the stock action. It appears to be continuing its consolidation as indicated on the narrowing triangle pattern. Further confirmation is shown in the way that the volume is tapering off again.
source:kingofalltrades.com
The Daily chart shows where Siri broke down through the rising triangle back in May but so far has not broken through major support levels. Instead it is trading within a .10 cent channel between .95 and 1.05 and has broken back up through a short term down trend. The break upward is not very significant because of the low volume, hence the channel. Considering the state of the market I think a channel is good news.
Moving to a simple weekly chart we can see a wider scope on the stock action. It appears to be continuing its consolidation as indicated on the narrowing triangle pattern. Further confirmation is shown in the way that the volume is tapering off again.
Active Stocks:YRC Worldwide Inc. (YRCW) Confirms Guidance for Q2 Guidance
Time:
6/18/2010 10:50:00 AM
source:beaconequity.com
YRC Worldwide Inc. (NASDAQ: YRCW) is a transportation service provider. YRC Worldwide is a holding company for a portfolio of brands, including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway.
Earlier this week, YRC Worldwide confirmed its previous guidance that the company will achieve positive adjusted EBITDA on a consolidated basis and positive operating income for its Regional Transportation segment for the second quarter of 2010.
Also, the company announced that it expects its working capital expenditures, cash interest, advisor fees and other payments to generate a net cash usage from operating activities.
YRC Worldwide Inc. (NASDAQ: YRCW) is a transportation service provider. YRC Worldwide is a holding company for a portfolio of brands, including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway.
Earlier this week, YRC Worldwide confirmed its previous guidance that the company will achieve positive adjusted EBITDA on a consolidated basis and positive operating income for its Regional Transportation segment for the second quarter of 2010.
Also, the company announced that it expects its working capital expenditures, cash interest, advisor fees and other payments to generate a net cash usage from operating activities.
Sell,buy or hold,Transocean Shares Rise As Co Looks Less Liable Than BP
Time:
6/18/2010 10:13:00 AM
source:wsj.com
NEW YORK (Dow Jones)--Shares of Transocean Ltd. (RIG) on Thursday recovered some of the battering they've suffered during the oil spill crisis in the Gulf of Mexico, as BP PLC (BP, BP.LN) executives faced a public grilling and it continued to look less likely Transocean would face similarly huge liabilities.
While Transocean was operating the Deepwater Horizon rig when it blew in late April, leading to the ongoing oil geyser in the Gulf, the well it was drilling was owned by BP and ...
NEW YORK (Dow Jones)--Shares of Transocean Ltd. (RIG) on Thursday recovered some of the battering they've suffered during the oil spill crisis in the Gulf of Mexico, as BP PLC (BP, BP.LN) executives faced a public grilling and it continued to look less likely Transocean would face similarly huge liabilities.
While Transocean was operating the Deepwater Horizon rig when it blew in late April, leading to the ongoing oil geyser in the Gulf, the well it was drilling was owned by BP and ...
Stock:Look for Shares of Open Text to Rebound after 0.55% Sell Off (OTEX)
Time:
6/17/2010 01:46:00 AM
source:mysmartrend.com
Open Text (NASDAQ:OTEX) traded in a range yesterday that spanned from a low of $39.55 to a high of $40.12.
Yesterday, the shares fell 0.55%, which took the trading range below the 3-day low of $39.62 on volume of 328,000 shares.
Shares of Open Text are currently trading below their 50-day moving average (MA) of $44.38 and below their 200-day MA of $41.84. Look for these MAs to provide resistance for a short-term rebound in the shares.
Open Text (NASDAQ:OTEX) traded in a range yesterday that spanned from a low of $39.55 to a high of $40.12.
Yesterday, the shares fell 0.55%, which took the trading range below the 3-day low of $39.62 on volume of 328,000 shares.
Shares of Open Text are currently trading below their 50-day moving average (MA) of $44.38 and below their 200-day MA of $41.84. Look for these MAs to provide resistance for a short-term rebound in the shares.
Stock Analysis:Valueclick Rises 1.36% on Heavy Volume: Watch For Pullback (VCLK)
Time:
6/17/2010 01:09:00 AM
source:mysmartrend.com
Valueclick (NASDAQ:VCLK) traded in a range yesterday that spanned from a low of $11.63 to a high of $12.00. Yesterday, the shares gained 1.36%, which took the trading range above the 3-day high of $11.82 on volume of 929,000 shares.
Shares of Valueclick are currently trading above their 50-day moving average (MA) of $10.54 and above their 200-day MA of $10.55. Look for these MAs to provide support for a short-term pullback in the shares.
Valueclick (NASDAQ:VCLK) traded in a range yesterday that spanned from a low of $11.63 to a high of $12.00. Yesterday, the shares gained 1.36%, which took the trading range above the 3-day high of $11.82 on volume of 929,000 shares.
Shares of Valueclick are currently trading above their 50-day moving average (MA) of $10.54 and above their 200-day MA of $10.55. Look for these MAs to provide support for a short-term pullback in the shares.
Stock Analysis:Myriad Genetics Trades at a New 52-Week Record Low (MYGN)
Time:
6/17/2010 01:03:00 AM
source:mysmartrend.com
Shares of Myriad Genetics (NASDAQ:MYGN) traded at a new 52-week low yesterday of $16.38. Approximately 3.2 million shares have traded hands yesterday vs. average 30-day volume of 1.9 million shares.
Myriad Genetics closed at $16.42, approximately 19.3% below its 50-day moving average of $20.34.
Shares of Myriad Genetics (NASDAQ:MYGN) traded at a new 52-week low yesterday of $16.38. Approximately 3.2 million shares have traded hands yesterday vs. average 30-day volume of 1.9 million shares.
Myriad Genetics closed at $16.42, approximately 19.3% below its 50-day moving average of $20.34.
Stock Price Alert:Watch for Continued Liquidation in Shares of Albany Molecular Research (AMRI)
Time:
6/17/2010 12:52:00 AM
source:mysmartrend.com
Shares of Albany Molecular Research (NASDAQ:AMRI) traded at a new 52-week low yesterday of $5.40. Approximately 66,000 shares have traded hands yesterday vs. average 30-day volume of 63,000 shares.
Albany Molecular Research closed at $5.43, approximately 26.5% below its 50-day moving average of $7.39. SmarTrend will be monitoring shares of AMRI to see if this bearish momentum will continue.
Shares of Albany Molecular Research (NASDAQ:AMRI) traded at a new 52-week low yesterday of $5.40. Approximately 66,000 shares have traded hands yesterday vs. average 30-day volume of 63,000 shares.
Albany Molecular Research closed at $5.43, approximately 26.5% below its 50-day moving average of $7.39. SmarTrend will be monitoring shares of AMRI to see if this bearish momentum will continue.
Stock Alerts:MGM Mirage has the Best Relative Performance in the Casinos & Gaming Industry (MGM, BYD, PNK, LVS, PENN)
Time:
6/15/2010 12:58:00 PM
By Chip Brian
source:mysmartrend.com
Below are the top five companies in the Casinos & Gaming industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
MGM Mirage (NYSE:MGM) ranks first with a gain of 3.02%; Boyd Gaming (NYSE:BYD) ranks second with a gain of 1.74%; and Pinnacle Entertainment (NYSE:PNK) ranks third with a gain of 1.26%.
Las Vegas Sands (NYSE:LVS) follows with a gain of 1.05% and Penn National Gaming (NASDAQ:PENN) rounds out the top five with a gain of 0.85%.
source:mysmartrend.com
Below are the top five companies in the Casinos & Gaming industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
MGM Mirage (NYSE:MGM) ranks first with a gain of 3.02%; Boyd Gaming (NYSE:BYD) ranks second with a gain of 1.74%; and Pinnacle Entertainment (NYSE:PNK) ranks third with a gain of 1.26%.
Las Vegas Sands (NYSE:LVS) follows with a gain of 1.05% and Penn National Gaming (NASDAQ:PENN) rounds out the top five with a gain of 0.85%.
(YRCW stock)YRC Worldwide: The Trend Continues Lower (YRCW)
Time:
6/15/2010 12:52:00 PM
By Chip Brian
source:mysmartrend.com
SmarTrend identified a Downtrend for YRC Worldwide (NASDAQ:YRCW) on May 05, 2010 at $0.49. In approximately 1 month, YRC Worldwide has returned 54.4% as of today's recent price of $0.22.
YRC Worldwide is currently below its 50-day moving average of $0.50 and below its 200-day moving average of $1.44. Look for these moving averages to decline to confirm the company's downward momentum.
source:mysmartrend.com
SmarTrend identified a Downtrend for YRC Worldwide (NASDAQ:YRCW) on May 05, 2010 at $0.49. In approximately 1 month, YRC Worldwide has returned 54.4% as of today's recent price of $0.22.
YRC Worldwide is currently below its 50-day moving average of $0.50 and below its 200-day moving average of $1.44. Look for these moving averages to decline to confirm the company's downward momentum.
BP Raised Risks at ‘Nightmare’ Well, Lawmakers Say (Correct)
Time:
6/15/2010 12:41:00 PM
By Jeff Plungis
source:businessweek.com
June 15 (Bloomberg) -- BP Plc Chief Executive Officer Tony Hayward is being pressed about cost-cutting that House Democrats said added to the danger of an explosion at the company’s Gulf of Mexico oil well.
“Time after time, it appears that BP made decisions that increased the risk of a blowout to save the company time or expense,” U.S. Representatives Henry Waxman of California and Bart Stupak of Michigan said in a letter yesterday to Hayward. “If this is what happened, BP’s carelessness and complacency have inflicted a heavy toll on the Gulf, its inhabitants, and the workers on the rig.”
"We saw a 30% sequential jump in purpose-built switch sales in the first quarter of 2010, with Cisco a driving force with their Nexus switch line," explained Infonetics analyst Matthias Machinowski in a statement. "Healthy annual growth is expected to continue in this segment."
source:businessweek.com
June 15 (Bloomberg) -- BP Plc Chief Executive Officer Tony Hayward is being pressed about cost-cutting that House Democrats said added to the danger of an explosion at the company’s Gulf of Mexico oil well.
“Time after time, it appears that BP made decisions that increased the risk of a blowout to save the company time or expense,” U.S. Representatives Henry Waxman of California and Bart Stupak of Michigan said in a letter yesterday to Hayward. “If this is what happened, BP’s carelessness and complacency have inflicted a heavy toll on the Gulf, its inhabitants, and the workers on the rig.”
"We saw a 30% sequential jump in purpose-built switch sales in the first quarter of 2010, with Cisco a driving force with their Nexus switch line," explained Infonetics analyst Matthias Machinowski in a statement. "Healthy annual growth is expected to continue in this segment."
Cisco shares will rise: Cisco Switch Sales Booming
Time:
6/15/2010 12:29:00 PM
source:thestreet.com
Cisco shares rose 60 cents, or 2.35%, to $2.61 on Tuesday, mirroring the broader advance in tech stocks that saw the Nasdaq gain 2.39%.
SAN JOSE, Calif. (TheStreet) -- Cisco(CSCO) may be pulling out all the Hollywood-star stops to sell its latest technology, but investors should also be keeping an eye on the infinitely less sexy world of network gear.
Cisco saw its Ethernet switch revenue leap 23.5% between the fourth quarter of last year and the first quarter of 2010, according to the latest numbers from Infonetics Research. Cisco's Nexus product was the major driver of this growth, reflecting a broader rebound in enterprise data center spending.
"We saw a 30% sequential jump in purpose-built switch sales in the first quarter of 2010, with Cisco a driving force with their Nexus switch line," explained Infonetics analyst Matthias Machinowski in a statement. "Healthy annual growth is expected to continue in this segment."
Cisco shares rose 60 cents, or 2.35%, to $2.61 on Tuesday, mirroring the broader advance in tech stocks that saw the Nasdaq gain 2.39%.
SAN JOSE, Calif. (TheStreet) -- Cisco(CSCO) may be pulling out all the Hollywood-star stops to sell its latest technology, but investors should also be keeping an eye on the infinitely less sexy world of network gear.
Cisco saw its Ethernet switch revenue leap 23.5% between the fourth quarter of last year and the first quarter of 2010, according to the latest numbers from Infonetics Research. Cisco's Nexus product was the major driver of this growth, reflecting a broader rebound in enterprise data center spending.
"We saw a 30% sequential jump in purpose-built switch sales in the first quarter of 2010, with Cisco a driving force with their Nexus switch line," explained Infonetics analyst Matthias Machinowski in a statement. "Healthy annual growth is expected to continue in this segment."
Citigroup Raised Its PT And 2010, 2011 Estimates For Questar Corp (STR)
Time:
6/15/2010 11:04:00 AM
By Amanda Smith
source:mysmartrend.com
6/15/2010- Citigroup analysts are raising their price target for Questar Corp. (NYSE:STR) to $56, up from $55, and are raising their 2010 and 2011 EPS estimates for the company.
The bank now sees fiscal 2010 EPS of $2.71, up from $2.61 per share, vs. consensus estimates of $2.42 per share, and fiscal 2011 EPS of $3.63, up from $.3.37 per share, vs. consensus estimates of $2.76 per share.
source:mysmartrend.com
6/15/2010- Citigroup analysts are raising their price target for Questar Corp. (NYSE:STR) to $56, up from $55, and are raising their 2010 and 2011 EPS estimates for the company.
The bank now sees fiscal 2010 EPS of $2.71, up from $2.61 per share, vs. consensus estimates of $2.42 per share, and fiscal 2011 EPS of $3.63, up from $.3.37 per share, vs. consensus estimates of $2.76 per share.
Stock Analysis:Best Buy shares drop on profit, sales shortfall
Time:
6/15/2010 07:25:00 AM
source:marketwatch.com
NEW YORK (MarketWatch) -- Shares of Best Buy Co. fell sharply Tuesday after the largest U.S. electronics retailer reported worse-than-expected fiscal first-quarter profit and sales, after it increased expenses and lower sales of flat panel televisions, video games and services capped gains in the U.S.
Best Buy shares fell 6.7% to $38.30 in pre-market trading.
Best Buy's net income rose slightly to $155 million from $153 million a year earlier.
Per-share profit was unchanged at 36 cents. Sales in the quarter ended May 29 climbed 7% to $10.8 billion from $10.1 billion.
Comparable sales, or those at stores, call centers and Web sites open at least 14 months, increased 2.8%.
NEW YORK (MarketWatch) -- Shares of Best Buy Co. fell sharply Tuesday after the largest U.S. electronics retailer reported worse-than-expected fiscal first-quarter profit and sales, after it increased expenses and lower sales of flat panel televisions, video games and services capped gains in the U.S.
Best Buy shares fell 6.7% to $38.30 in pre-market trading.
Best Buy's net income rose slightly to $155 million from $153 million a year earlier.
Per-share profit was unchanged at 36 cents. Sales in the quarter ended May 29 climbed 7% to $10.8 billion from $10.1 billion.
Comparable sales, or those at stores, call centers and Web sites open at least 14 months, increased 2.8%.
Stock Alerts: Short Sales Encouraged by Rambus (RMBS)
Time:
6/15/2010 07:09:00 AM
RMBS Shares is down $3.03, or 13.8%, to $18.74.
In approximately 1 week, Rambus has returned 9.4% as of today's recent price of $18.74.
In the past 52-weeks, shares of Rambus have traded between a low of $14.12 and a high of $26 and are now at $18.74, which is 31.70% above that low price.
In approximately 1 week, Rambus has returned 9.4% as of today's recent price of $18.74.
In the past 52-weeks, shares of Rambus have traded between a low of $14.12 and a high of $26 and are now at $18.74, which is 31.70% above that low price.
Citigroup Lowered Its PT For Google To $630, Lowered EPS Estimates (GOOG)
Time:
6/14/2010 11:46:00 AM
source:mysmartrend.com
Jun 14, 2010 (SmarTrend News Watch via COMTEX) -- 6/14/2010- Citigroup analysts are lowering their price target for Google Inc. (GOOG) to $630, down from $640, which implies about 30% upside.
Analyst Mark S. Mahaney said, "We have lowered our 2010 Net Revenue ests by 2% to $20.5B & our 2010 Non-GAAP EPS by 3% to $27.41 due to a material change in our FX assumptions (sig. Euro weakness), and to a lesser extent, to reduced Nexus One unit sales ests. We have made similar reductions to Q2 and 2011 ests."
The bank now sees fiscal 2010 EPS of $27.41, down from $28.21 per share, vs. consensus estimates of $27.74 per share, and fiscal 2011 EPS of $31.30, down from $32.45 per share, vs. consensus estimates of $31.92 per share.
Jun 14, 2010 (SmarTrend News Watch via COMTEX) -- 6/14/2010- Citigroup analysts are lowering their price target for Google Inc. (GOOG) to $630, down from $640, which implies about 30% upside.
Analyst Mark S. Mahaney said, "We have lowered our 2010 Net Revenue ests by 2% to $20.5B & our 2010 Non-GAAP EPS by 3% to $27.41 due to a material change in our FX assumptions (sig. Euro weakness), and to a lesser extent, to reduced Nexus One unit sales ests. We have made similar reductions to Q2 and 2011 ests."
The bank now sees fiscal 2010 EPS of $27.41, down from $28.21 per share, vs. consensus estimates of $27.74 per share, and fiscal 2011 EPS of $31.30, down from $32.45 per share, vs. consensus estimates of $31.92 per share.
Active Stocks: 5 Reasons to Sell General Electric GE Stock
Time:
6/14/2010 11:29:00 AM
By Jim Woods, Contributing Editor, InvestorPlace
source:investorplace.com
General Electric (GE) was a stock to sell. In fact, for most of this century GE stock shares were dead money. After General Electric peaked at around $60 a share in late 2000, the stock moved steadily downward before finding a comfortable range between $25 and $35 for the most of the decade.
But after the financial crisis, things got even worse. During the height of the global economic meltdown, the stock was one of the biggest dogs in the park -- with a severe flea infestation. In March 2009 GE stock hit a historic intraday low of just $5.73. With shares cruising up around $20 now, some bulls are saying General Electric is a buy because it has bottomed out and will move back up to its old $30 range.
source:investorplace.com
General Electric (GE) was a stock to sell. In fact, for most of this century GE stock shares were dead money. After General Electric peaked at around $60 a share in late 2000, the stock moved steadily downward before finding a comfortable range between $25 and $35 for the most of the decade.
But after the financial crisis, things got even worse. During the height of the global economic meltdown, the stock was one of the biggest dogs in the park -- with a severe flea infestation. In March 2009 GE stock hit a historic intraday low of just $5.73. With shares cruising up around $20 now, some bulls are saying General Electric is a buy because it has bottomed out and will move back up to its old $30 range.
Sprint Nextel (S) Rating Reiterated Alert, Watch for 17.1% Technical Uptrend Continuation
Time:
6/14/2010 11:07:00 AM
source:mysmartrend.com
Sprint Nextel (NYSE:S) reiterated Buy, $6 target, at Deutsche Bank. The stock closed Friday at $4.87 on volume of 52,975,500 shares, below average daily volume of 64,755,470.
Sprint Nextel is currently above its 50-day moving average of $4.38 and above its 200-day moving average of $3.82.
Sprint mentioned positively at Deutsche Bank
Deutsche Bank said its channel checks indicate demand for Sprint's EVO remains strong. The firm expects EVO sales to drive meaningful post paid gross add growth in 2010 and reiterates a Buy rating on Sprint shares with a $6 price target.
Sprint Nextel (NYSE:S) reiterated Buy, $6 target, at Deutsche Bank. The stock closed Friday at $4.87 on volume of 52,975,500 shares, below average daily volume of 64,755,470.
Sprint Nextel is currently above its 50-day moving average of $4.38 and above its 200-day moving average of $3.82.
Sprint mentioned positively at Deutsche Bank
Deutsche Bank said its channel checks indicate demand for Sprint's EVO remains strong. The firm expects EVO sales to drive meaningful post paid gross add growth in 2010 and reiterates a Buy rating on Sprint shares with a $6 price target.
Options Brief: Advanced Micro Devices (AMD)
Time:
6/14/2010 10:52:00 AM
Source:wallstreetpit.com
AMD – Advanced Micro Devices, Inc. – The purchase of a debit put spread on semiconductor manufacturer, Advanced Micro Devices, Inc., today is perhaps the work of an investor bracing for limited erosion in the price of the underlying shares through July expiration. AMD’s shares are up 3.7% to $8.42 as of 12:25 pm (ET).
It looks like the options trader purchased 6,000 in-the-money puts at the July $9.0 strike for an average premium of $0.99 apiece, and sold the same number of puts at the lower July $8.0 strike for an average premium of $0.41 each. The net cost of the spread amounts to $0.58 per contract.
AMD – Advanced Micro Devices, Inc. – The purchase of a debit put spread on semiconductor manufacturer, Advanced Micro Devices, Inc., today is perhaps the work of an investor bracing for limited erosion in the price of the underlying shares through July expiration. AMD’s shares are up 3.7% to $8.42 as of 12:25 pm (ET).
It looks like the options trader purchased 6,000 in-the-money puts at the July $9.0 strike for an average premium of $0.99 apiece, and sold the same number of puts at the lower July $8.0 strike for an average premium of $0.41 each. The net cost of the spread amounts to $0.58 per contract.
Stock Analysis: Apple Inc. (AAPL) Stock Up
Time:
6/14/2010 10:42:00 AM
Shares of Apple Inc. (AAPL) are up 1.72% in trading at the time of publishing this post.
Apple (AAPL: 257.642 +4.132 +1.63%) - American regulators are planning to investigate co.’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad, its latest hit device. The investigation by the Federal Trade Commission is one of a string of challenges in the pipeline as concerns over the technology giant’s increasing dominance continue to grow. (Sunday Times)
Apple (AAPL: 257.642 +4.132 +1.63%) - American regulators are planning to investigate co.’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad, its latest hit device. The investigation by the Federal Trade Commission is one of a string of challenges in the pipeline as concerns over the technology giant’s increasing dominance continue to grow. (Sunday Times)
B.P, Halliburton and Transocean have unleashed Armageddon and now there is no stopping it.
Time:
6/14/2010 10:28:00 AM
source:opednews.com
B.P, Halliburton and Transocean have unleashed Armageddon and now there is no stopping it. Senator Bill Nelson has told us how bad it is.
This is our worst nightmare. The oil industry has killed the Gulf of Mexico.
My worst fears have been realized. If this link is true and the oil is coming through the sea floor, they have either blown out the formation or blown out the cement (which we know they did anyway to get the blowout to occur). I am beginning to realize why they have not wanted toclose the valves on the cap. The more theyclose it, the more oil is going to come up through the sea floor, next to the well casing. I listed 12 points in my attached article. The really big concern here is that their directional wells are now pointless. They are GUARANTEED to fail because you can not pump mud or cement into a blown out well. It just does not set with oil and gas roaring past.
B.P, Halliburton and Transocean have unleashed Armageddon and now there is no stopping it. Senator Bill Nelson has told us how bad it is.
This is our worst nightmare. The oil industry has killed the Gulf of Mexico.
My worst fears have been realized. If this link is true and the oil is coming through the sea floor, they have either blown out the formation or blown out the cement (which we know they did anyway to get the blowout to occur). I am beginning to realize why they have not wanted toclose the valves on the cap. The more theyclose it, the more oil is going to come up through the sea floor, next to the well casing. I listed 12 points in my attached article. The really big concern here is that their directional wells are now pointless. They are GUARANTEED to fail because you can not pump mud or cement into a blown out well. It just does not set with oil and gas roaring past.
Ambac Financial: The Trend Continues Lower (ABK)
Time:
6/14/2010 09:08:00 AM
source:mysmartrend.com
Jun 14, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ambac Financial (ABK) on June 09, 2010 at $0.78. In approximately 1 week, Ambac Financial has returned 14.6% as of today's recent price of $0.67.
Ambac Financial is currently below its 50-day moving average of $1.33 and below its 200-day moving average of $1.10. Look for these moving averages to decline to confirm the company's downward momentum.
Jun 14, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ambac Financial (ABK) on June 09, 2010 at $0.78. In approximately 1 week, Ambac Financial has returned 14.6% as of today's recent price of $0.67.
Ambac Financial is currently below its 50-day moving average of $1.33 and below its 200-day moving average of $1.10. Look for these moving averages to decline to confirm the company's downward momentum.
US Hot Stock Alerts:IBM, Boeing Co. (BA), Chevron Corp. (CVX),Time Warner Inc. (TWX) , NSM, Johnson Controls Inc. (JCI)
Time:
6/14/2010 06:58:00 AM
International Business Machines Corp. (IBM) - Co. is looking to acquire Israeli data storage firm Storwize, according to a report. (Globes)
Boeing Co. (BA) - just days after a monthlong walkout ended at its California C-17 plant, co. is facing another possible strike. (AP)
Chevron Corp. (CVX) - Co. is investigating the cause and size of an oil pipeline leak in Salt Lake City. (Sources)
Time Warner Inc. (TWX) - Co. is not raising its bid to buy the ailing Metro-Goldwyn-Mayer movie studio, making it more likely MGM’s lenders will foreclose on the business, sources close to the situation said. “They keep getting asked to raise their bid and they keep declining,” a source said. (NY Post)
National Semiconductor Corporation (NSM) - Co. raised by S&P to BBB- from BB+, outlook stable.
Johnson Controls Inc. (JCI) - Co. may drop its USD 1.25bln Visteon bid. (FT)
Boeing Co. (BA) - just days after a monthlong walkout ended at its California C-17 plant, co. is facing another possible strike. (AP)
Chevron Corp. (CVX) - Co. is investigating the cause and size of an oil pipeline leak in Salt Lake City. (Sources)
Time Warner Inc. (TWX) - Co. is not raising its bid to buy the ailing Metro-Goldwyn-Mayer movie studio, making it more likely MGM’s lenders will foreclose on the business, sources close to the situation said. “They keep getting asked to raise their bid and they keep declining,” a source said. (NY Post)
National Semiconductor Corporation (NSM) - Co. raised by S&P to BBB- from BB+, outlook stable.
Johnson Controls Inc. (JCI) - Co. may drop its USD 1.25bln Visteon bid. (FT)
BP said:BP's Oil Spill Costs Rise to $1.6 Billion
Time:
6/14/2010 02:59:00 AM
Today, BP said that the total cost in response to the oil spill has reached about $1.6 billion.
BP updated its shareholders this morning at the start of a crucial week for the company. It said the total bill has jumped by $350m in the last week, including payments of $25m each to the states of Florida, Alabama and Mississippi to help them fight the environmental damage of the disaster.
BP will start taking oil and gas to a ship on the surface through a separate pipe in the next few days, and a “more permanent and flexible” system with floating risers is set to begin operations around the end of the month, the company said in a statement in London today.
BP.L is currently trading at 379.9 pence, down 12 pence or 3.06%, on a volume of 25.84 million shares. BP closed Friday's regular trading at $33.97 on the NYSE.
BP updated its shareholders this morning at the start of a crucial week for the company. It said the total bill has jumped by $350m in the last week, including payments of $25m each to the states of Florida, Alabama and Mississippi to help them fight the environmental damage of the disaster.
BP will start taking oil and gas to a ship on the surface through a separate pipe in the next few days, and a “more permanent and flexible” system with floating risers is set to begin operations around the end of the month, the company said in a statement in London today.
BP.L is currently trading at 379.9 pence, down 12 pence or 3.06%, on a volume of 25.84 million shares. BP closed Friday's regular trading at $33.97 on the NYSE.
BP shares fell, fuel oil price rise
Time:
6/13/2010 10:30:00 AM
Obama will visit the Central Gulf Coast -- Alabama, Mississippi and Florida -- on Monday and Tuesday. Here is an open letter written by the president and addressed to the people of the Gulf Coast states affected by the ongoing oil spill originating from the broken Deepwater Horizon offshore well.
The research house said this meant crude futures for delivery in 2018 looked cheap. "Oil will be slower on-stream, more expensive to produce, it will be more politicised and there will be less of it," the analysts said. "Those are factors that make us look at the current back of the oil curve and see it as undervalued at current levels of a shade below $100."
The research house said this meant crude futures for delivery in 2018 looked cheap. "Oil will be slower on-stream, more expensive to produce, it will be more politicised and there will be less of it," the analysts said. "Those are factors that make us look at the current back of the oil curve and see it as undervalued at current levels of a shade below $100."
NASDAQ Stocks - After Hours Ten Most Advanced (6/11/2010)
Time:
6/12/2010 10:16:00 AM
Source:nasdaq.com As of 6/11/2010 7:59:53 PM
Symbol-----Company Name-----Market Close-----Last Sale(After Hours)-----% Change(After Hours)-----Share Volume(After Hours)
CWTR-----Coldwater Creek, Inc.-----$4.28-----$4.57-----6.78%-----45,32
NLST-----Netlist, Inc.-----$2.45-----$2.61-----6.53%-----109,513
THQI-----THQ Inc.-----$5.55-----$5.80-----4.50%-----71,750
ROIAK-----Radio One, Inc.-----$2.85-----$2.95-----3.51%-----5,200
AVNW-----Aviat Networks, Inc.-----$3.91-----$4-----2.30%-----25,370
BTUI-----BTU International, Inc.-----$5.42-----$5.54-----2.21%-----37,248
ISYS-----Integral Systems, Inc.-----$6.07-----$6.20-----2.14%-----4,574
ISSC-----Innovative Solutions and Support, Inc.-----$4.64-----$4.73-----1.94%-----16,300
HEAT-----SmartHeat Inc.-----$6.19-----$6.31-----1.94%-----5,161
ARNA-----Arena Pharmaceuticals, Inc.-----$2.95-----$3-----1.69%-----41,939
Symbol-----Company Name-----Market Close-----Last Sale(After Hours)-----% Change(After Hours)-----Share Volume(After Hours)
CWTR-----Coldwater Creek, Inc.-----$4.28-----$4.57-----6.78%-----45,32
NLST-----Netlist, Inc.-----$2.45-----$2.61-----6.53%-----109,513
THQI-----THQ Inc.-----$5.55-----$5.80-----4.50%-----71,750
ROIAK-----Radio One, Inc.-----$2.85-----$2.95-----3.51%-----5,200
AVNW-----Aviat Networks, Inc.-----$3.91-----$4-----2.30%-----25,370
BTUI-----BTU International, Inc.-----$5.42-----$5.54-----2.21%-----37,248
ISYS-----Integral Systems, Inc.-----$6.07-----$6.20-----2.14%-----4,574
ISSC-----Innovative Solutions and Support, Inc.-----$4.64-----$4.73-----1.94%-----16,300
HEAT-----SmartHeat Inc.-----$6.19-----$6.31-----1.94%-----5,161
ARNA-----Arena Pharmaceuticals, Inc.-----$2.95-----$3-----1.69%-----41,939
Auto sales increase will lead to Sirius XM shares rose
Time:
6/12/2010 09:34:00 AM
According to Efraim Levy, an analyst at Standard & Poor's, new U.S. vehicle sales should rise 12.7% to 11.7 million units in 2010, and another 15% to 13.5 million in 2011. "We expect industry-wide revenues and profits to improve significantly in both years," he wrote in a recent research note.
The company should continue to grow subscribers as U.S. car sales pick up with its service available in about 60% of new cars sold.
Mobile Internet-enabled devices could help SIRI’s growth.
Sirius shares were up 1.8% to 98 cents in recent trades, while E*Trade's stock, which underwent a reverse 1-for-10 split on June 2, was up 4% to $13.51 on Thursday. The performance of the stocks year-to-date is worlds apart with Sirius up more than 60% through Wednesday's close, and E*Trade down around 25%.
Sirius XM closed friday at $1.01.The moving averages of Sirius XM are all converging. When the EMA’s (Exponential Moving Averages) of Sirius XM converge it has traditionally been the signal for a bullish run up in stock price.
The company should continue to grow subscribers as U.S. car sales pick up with its service available in about 60% of new cars sold.
Mobile Internet-enabled devices could help SIRI’s growth.
Sirius shares were up 1.8% to 98 cents in recent trades, while E*Trade's stock, which underwent a reverse 1-for-10 split on June 2, was up 4% to $13.51 on Thursday. The performance of the stocks year-to-date is worlds apart with Sirius up more than 60% through Wednesday's close, and E*Trade down around 25%.
Sirius XM closed friday at $1.01.The moving averages of Sirius XM are all converging. When the EMA’s (Exponential Moving Averages) of Sirius XM converge it has traditionally been the signal for a bullish run up in stock price.
Nasdaq Hot Stocks:Cisco Systems, Inc. (CSCO) After Hours Trading
Time:
6/12/2010 08:01:00 AM
After Hours Last: $ 22.95
After Hours High: $ 22.97
After Hours Volume: 492,756
After Hours Low: $ 22.74
Cisco Systems on Friday announced new technology that helps mobile workers use iPhone and iPad apps to stay in touch with co-workers and get information they need to do their jobs.
After Hours High: $ 22.97
After Hours Volume: 492,756
After Hours Low: $ 22.74
Cisco Systems on Friday announced new technology that helps mobile workers use iPhone and iPad apps to stay in touch with co-workers and get information they need to do their jobs.
(Good news)Feds: BP agrees to expedite oil spill payments
Time:
6/10/2010 12:25:00 PM
Source:chron.com
GRAND ISLE, La. — BP said Thursday it plans to boost its ability to capture the oil gushing from a ruptured well in the Gulf of Mexico by early next week as the Obama administration announced that the oil giant agreed to speed up payments to people whose livelihoods have been washed away by the spill.
Fishermen, property owners and businesspeople who have filed damage claims with BP are angrily complaining of delays, excessive paperwork and skimpy payments that have put them on the verge of going under as the financial and environmental toll of the seven-week-old disaster grows.
GRAND ISLE, La. — BP said Thursday it plans to boost its ability to capture the oil gushing from a ruptured well in the Gulf of Mexico by early next week as the Obama administration announced that the oil giant agreed to speed up payments to people whose livelihoods have been washed away by the spill.
Fishermen, property owners and businesspeople who have filed damage claims with BP are angrily complaining of delays, excessive paperwork and skimpy payments that have put them on the verge of going under as the financial and environmental toll of the seven-week-old disaster grows.
"Stock market today" Value Investing Watchlist: Citigroup Inc, Bank of America Corp, Microsoft Corp. Intel,Ford Motor Co.
Time:
6/10/2010 12:05:00 PM
Citigroup Inc Stock:3.90 +0.03 (0.78%) ,Open:3.95,High:3.96,Low:3.87,Volume:476,000,660,Avg Vol:912,614,000,Mkt Cap:113.02B
Bank of America Corp Stock:15.33 +0.32 (2.13%),Open: 15.27,High: 15.40,Low: 15.11,Volume: 83,463,101,Avg Vol: 206,181,000,Mkt Cap: 153.81B
Microsoft Corp. Stock:25.03 +0.24 (0.97%),Open:25.13,High:25.15,Low:24.78,Volume:43,090,068,Avg Vol:81,865,000,Mkt Cap:219.36B
Intel Stock:20.51 +0.58 (2.91%),Open:20.37,High:20.60,Low:20.25,Volume:40,317,063,Avg Vol:84,591,000,Mkt Cap:114.12B
Ford Motor Co. Stock:11.31 +0.26 (2.35%),Open:11.21,High:11.35,Low:11.10,Volume:45,003,693,Avg Vol:124,755,000,Mkt Cap:38.53B,Disclaimer
Bank of America Corp Stock:15.33 +0.32 (2.13%),Open: 15.27,High: 15.40,Low: 15.11,Volume: 83,463,101,Avg Vol: 206,181,000,Mkt Cap: 153.81B
Microsoft Corp. Stock:25.03 +0.24 (0.97%),Open:25.13,High:25.15,Low:24.78,Volume:43,090,068,Avg Vol:81,865,000,Mkt Cap:219.36B
Intel Stock:20.51 +0.58 (2.91%),Open:20.37,High:20.60,Low:20.25,Volume:40,317,063,Avg Vol:84,591,000,Mkt Cap:114.12B
Ford Motor Co. Stock:11.31 +0.26 (2.35%),Open:11.21,High:11.35,Low:11.10,Volume:45,003,693,Avg Vol:124,755,000,Mkt Cap:38.53B,Disclaimer
Sirius XM stock will rise by Auto Sales Bode Well
Time:
6/10/2010 11:15:00 AM
Sirius XM is up 1.4 percent or 0.017 on the day, trading at $0.9754. Shares were up at $1.25 a month ago but have dropped below $0.90 twice since then.
Sirius XM has deals with every major automaker to offer Sirius or XM satellite radios as factory or dealer-installed equipment in their vehicles. SIRIUS and XM radios are also offered to rental car company customers. The deals are "anchored by GM, Ford, Honda(HMC), Chrysler -- with Toyota particularly poised to become an increasingly important channel as well, as it ramps up factory installation," Amobi says.
Tellabs’ stock down on fear AT&T is switching to Cisco
Time:
6/10/2010 10:46:00 AM
by Shyam,source:reuters.com
Tellabs (NasdaqGS: TLAB) is feeling the pain of a Morgan Stanley analyst research note that says AT&T (NYSE: T) is going to make Cisco (NasdaqGS: CSCO) its preferred routing supplier of choice. Of course, the street did not like this news and punished Tellabs by driving down its shares more than 6.3 percent yesterday.
Ehud Gelblum, a Morgan Stanley analyst, wrote in a research note that AT&T is going to make a “relatively quick transition away from” Tellabs’ 8860 router to a Cisco platform sometime in 2011.
Tellabs (NasdaqGS: TLAB) is feeling the pain of a Morgan Stanley analyst research note that says AT&T (NYSE: T) is going to make Cisco (NasdaqGS: CSCO) its preferred routing supplier of choice. Of course, the street did not like this news and punished Tellabs by driving down its shares more than 6.3 percent yesterday.
Ehud Gelblum, a Morgan Stanley analyst, wrote in a research note that AT&T is going to make a “relatively quick transition away from” Tellabs’ 8860 router to a Cisco platform sometime in 2011.
Advanced Micro Devices (AMD):Sell,buy or hold
Time:
6/10/2010 09:29:00 AM
Advanced Micro Devices (NYSE:AMD) is currently trading 2.56% below its May 6th low of $7.81.
The Semiconductor Industry Association reports that it expects chip sales to surge by almost 30% this year, with global revenue reaching $291 billion.
The short interest in AMD was up 19% to 61.6 million shares,In the past 52-weeks, shares of Advanced Micro Devices have traded between a low of $3.22 and a high of $10.24 and are now at $7.61, which is 136.34% above that low price.
The Semiconductor Industry Association reports that it expects chip sales to surge by almost 30% this year, with global revenue reaching $291 billion.
The short interest in AMD was up 19% to 61.6 million shares,In the past 52-weeks, shares of Advanced Micro Devices have traded between a low of $3.22 and a high of $10.24 and are now at $7.61, which is 136.34% above that low price.
Obama might meet with BP CEO Hayward Next Week
Time:
6/10/2010 05:01:00 AM
ABC News:When BP CEO Tony Hayward comes to Washington, DC, next week, he will almost certainly be summoned to meet with President Obama at the White House.
BP's share price opened at 345 pence - its lowest level since 1997 - before recovering to 375p in early trading.
BP plc (BP) says it's puzzled by a drop in its share price, which fell 16% Wednesday in trading on the NYSE. The stock dropped as low as $33, down from a 52-week high of $62.38. BP's market cap is now only $91 billion.
As BP finds itself caught between an angry U.S. administration and unhappy shareholders, Prime Minister David Cameron's office said the British leader would discuss the issue with President Barack Obama on a scheduled telephone call over the weekend.
BP's share price opened at 345 pence - its lowest level since 1997 - before recovering to 375p in early trading.
BP plc (BP) says it's puzzled by a drop in its share price, which fell 16% Wednesday in trading on the NYSE. The stock dropped as low as $33, down from a 52-week high of $62.38. BP's market cap is now only $91 billion.
As BP finds itself caught between an angry U.S. administration and unhappy shareholders, Prime Minister David Cameron's office said the British leader would discuss the issue with President Barack Obama on a scheduled telephone call over the weekend.
It is time to buy TRANSOCEAN (NYSE: RIG)
Time:
6/09/2010 12:56:00 PM
Anadarko's credit default swap costs also surged 145 basis points to a record of 575 basis points and Transocean's CDS costs jumped 70 basis points to a new high of 575 basis points, Markit said.
With no dividend and a recent negative earnings report (before the disaster), Transocean presents greater risk. On the plus side, RIG is currently selling at about 75 percent of book value.
In a lawsuit filed May 21 in the Houston Division of the Southern District of Texas, the insurers say BP submitted a notice of claim to the Transocean Excess Insurers via e-mail. But the plaintiffs claim BP is not eligible for more coverage since the pollution is of BP's making.
With no dividend and a recent negative earnings report (before the disaster), Transocean presents greater risk. On the plus side, RIG is currently selling at about 75 percent of book value.
In a lawsuit filed May 21 in the Houston Division of the Southern District of Texas, the insurers say BP submitted a notice of claim to the Transocean Excess Insurers via e-mail. But the plaintiffs claim BP is not eligible for more coverage since the pollution is of BP's making.
It's Time to Buy Halliburton (NYSE: HAL)
Time:
6/09/2010 12:41:00 PM
THE ANALYSIS: Slorer scaled back a prediction on Halliburton losses caused by exposure to the Gulf. Slorer now expects the company's earnings to be reduced by 10 percent in 2010, 2011 and 2012 instead of a previously estimated 12 percent, 20 percent and 17 percent.
Price Alert: Citigroup, Inc (NYSE: C)
Time:
6/09/2010 11:49:00 AM
Citigroup, Inc (NYSE: C) analysts reiterated a “buy” rating on shares of American Express (NYSE: AXP) and maintained its “Top Picks Live” listing on the company.
“Banking is one of the sectors where there does seem to be quite a scramble for people at the moment,” said Brian Renwick, Boyden Global Executive Search’s managing director for China to Business Week. “There’s a lot of movement taking place.”
Bank of America Corporation (BAC) May Lead Banks in Home-Equity Losses
Time:
6/09/2010 11:19:00 AM
Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may lead 20 publicly traded U.S. banks that charge off as much as $40.9 billion on home-equity investments this year, Fitch Ratings said.
Starting on July 1st, Bank of America Corp (NYSE: BAC) will no longer dependents between age 19 to 24 to be students. As of September 15th, children enrolled between the ages 19 and 26 will be able to receive health coverage under employee health plans.
“We are learning from the past where we struggled mightily,” Vernon said, “and from now as we still struggle. We need the best to execute these transactions.”
Starting on July 1st, Bank of America Corp (NYSE: BAC) will no longer dependents between age 19 to 24 to be students. As of September 15th, children enrolled between the ages 19 and 26 will be able to receive health coverage under employee health plans.
“We are learning from the past where we struggled mightily,” Vernon said, “and from now as we still struggle. We need the best to execute these transactions.”
sell,buy or hold?Tellabs shares fall on worry AT&T switches to Cisco
Time:
6/09/2010 10:04:00 AM
Source:reuters.com
Shares in Tellabs Inc (TLAB.O) were down 6.3 percent on Tuesday after Morgan Stanley downgraded the telecommunications equipment maker's shares, citing an expectation that AT&T Inc (T.N) would switch to Cisco Systems (CSCO.O).
Tellabs shares fell 44 cents to $6.37 on Nasdaq after Morgan Stanley analyst Ehud Gelblum said AT&T is planning a "relatively quick transition away from" Tellabs 8860 router to a product from Cisco about a year from now.
AT&T, which brought in 21 percent of Tellabs revenue in 2009, declined comment as did Cisco.
Tellabs spokesman George Stenitzer said investors appeared to be overreacting to a rumor in the market and referred questions about AT&T to the operator itself as his company was unable to comment on their current agreement.
Shares in Tellabs Inc (TLAB.O) were down 6.3 percent on Tuesday after Morgan Stanley downgraded the telecommunications equipment maker's shares, citing an expectation that AT&T Inc (T.N) would switch to Cisco Systems (CSCO.O).
Tellabs shares fell 44 cents to $6.37 on Nasdaq after Morgan Stanley analyst Ehud Gelblum said AT&T is planning a "relatively quick transition away from" Tellabs 8860 router to a product from Cisco about a year from now.
AT&T, which brought in 21 percent of Tellabs revenue in 2009, declined comment as did Cisco.
Tellabs spokesman George Stenitzer said investors appeared to be overreacting to a rumor in the market and referred questions about AT&T to the operator itself as his company was unable to comment on their current agreement.
BP share price will continue to decrease?
Time:
6/09/2010 09:34:00 AM
President Barack Obama has stepped up its tough talk on the Gulf oil spill and the demand for BP to pay to clean up the mess, it is clear that there was fire BP, Tony Hayward, chief if he could.
Rewrite
BP shares fell around 6 percent in London, following a 5 percent drop Tuesday, on worries that the company will have to suspend its dividend payment under pressure from U.S. politicians who say it should go to pay for legal claims and environmental damage in the Gulf.
BP's market value has already lost tens of billions of pounds (dollars) since the explosion at the Deepwater Horizon rig on April 20.
Rewrite
BP shares fell around 6 percent in London, following a 5 percent drop Tuesday, on worries that the company will have to suspend its dividend payment under pressure from U.S. politicians who say it should go to pay for legal claims and environmental damage in the Gulf.
BP's market value has already lost tens of billions of pounds (dollars) since the explosion at the Deepwater Horizon rig on April 20.
Cisco upgraded the stock from Hold to Buy
Time:
6/07/2010 07:33:00 AM
Cisco improved 1% after Auriga upgraded the stock from Hold to Buy. Target price was raised from $25 to $27.
NASDAQ - After Hours Ten Most Active Share Volume
June 04, 2010
Symbol.....Company Name.....Market Close.....Last Sale.....% Change.....Share Volume
CSCO.....Cisco Systems, Inc......$22.96.....$23.03.....0.33%.....1,346,872
Auriga USA analyst Tony Carbone this morning upped his rating on Cisco (CSCO) shares to Buy from Hold, asserting that “the company is much better strategically positioned within the data center than previous trends suggested.”
NASDAQ - After Hours Ten Most Active Share Volume
June 04, 2010
Symbol.....Company Name.....Market Close.....Last Sale.....% Change.....Share Volume
CSCO.....Cisco Systems, Inc......$22.96.....$23.03.....0.33%.....1,346,872
Stock Preview:NASDAQ - After Hours Ten Most Advanced
Time:
6/06/2010 07:16:00 AM
As of 6/4/2010 5:00:01 PM
Source:nasdaq.com
Symbol..........Company Name..........Market Close..........Last Sale..........% Change..........Share Volume
KNXA......Kenexa Corporation.....$12.56.....$13.91.....10.75%.....3,813
EHTH......eHealth, Inc......$12.40.....$13.71.....10.56%.....7,774
PWER......Power-One, Inc......$7.97.....9.93%.....28,918
PLAB......Photronics, Inc......$4.82.....$5.25.....8.92%.....14,714
GIFI......Gulf Island Fabrication, Inc......$16.16.....$17.57.....8.73%.....5,667
CATY......Cathay General Bancorp.....$10.38.....$11.26.....8.48%.....35,892
UCBI......United Community Banks, Inc......$4.25.....$4.61.....8.47%.....32,640
ZINC......Horsehead Holding Corp......$8.71.....$9.43.....8.27%.....7,219
PSUN......Pacific Sunwear of California, Inc......$3.40.....$3.68.....8.24%.....18,528
ZRAN......Zoran Corporation.....$9.48.....$10.25.....8.12%.....19,697
Source:nasdaq.com
Symbol..........Company Name..........Market Close..........Last Sale..........% Change..........Share Volume
KNXA......Kenexa Corporation.....$12.56.....$13.91.....10.75%.....3,813
EHTH......eHealth, Inc......$12.40.....$13.71.....10.56%.....7,774
PWER......Power-One, Inc......$7.97.....9.93%.....28,918
PLAB......Photronics, Inc......$4.82.....$5.25.....8.92%.....14,714
GIFI......Gulf Island Fabrication, Inc......$16.16.....$17.57.....8.73%.....5,667
CATY......Cathay General Bancorp.....$10.38.....$11.26.....8.48%.....35,892
UCBI......United Community Banks, Inc......$4.25.....$4.61.....8.47%.....32,640
ZINC......Horsehead Holding Corp......$8.71.....$9.43.....8.27%.....7,219
PSUN......Pacific Sunwear of California, Inc......$3.40.....$3.68.....8.24%.....18,528
ZRAN......Zoran Corporation.....$9.48.....$10.25.....8.12%.....19,697
[NASDAQ]AMEX - After Hours Ten Most Active Share Volume
Time:
6/06/2010 03:06:00 AM
Source: nasdaq.com
June 04, 2010 - After Hours Market Closed Total After Hours Share Volume: 1,018,955
Symbol..Company Name....................................Last Sale........Share Volume
SPY.....SPDR Trust Series I.............................$107.22..........57,100,725
IWM.....iShares Russell 2000 Index Fund.................$63.67............9,653,239
XLF.....Select Sector SPDR Fund - Financial.............$14.22............5,357,931
EEM.....iShares MSCI Emerging Index Fund................$37.36............4,190,599
FAS.....Direxion Daily Financial Bull 3X Shares.........$21.62............2,270,403
FXI.....IShares Trust FTSE-Xinhua China 25 Index Fund...$38.24............1,551,311
VGK.....Vanguard European ETF...........................$39.77............1,526,180
SDS.....UltraShort S and P 500 ProShares................$35.62............1,100,269
EWZ.....iShares MSCI Brazil Index Fund..................$62.02............1,079,929
TZA.....Direxion Daily Small Cap Bear 3x Shares.........$7.50............1,065,821
June 04, 2010 - After Hours Market Closed Total After Hours Share Volume: 1,018,955
Symbol..Company Name....................................Last Sale........Share Volume
SPY.....SPDR Trust Series I.............................$107.22..........57,100,725
IWM.....iShares Russell 2000 Index Fund.................$63.67............9,653,239
XLF.....Select Sector SPDR Fund - Financial.............$14.22............5,357,931
EEM.....iShares MSCI Emerging Index Fund................$37.36............4,190,599
FAS.....Direxion Daily Financial Bull 3X Shares.........$21.62............2,270,403
FXI.....IShares Trust FTSE-Xinhua China 25 Index Fund...$38.24............1,551,311
VGK.....Vanguard European ETF...........................$39.77............1,526,180
SDS.....UltraShort S and P 500 ProShares................$35.62............1,100,269
EWZ.....iShares MSCI Brazil Index Fund..................$62.02............1,079,929
TZA.....Direxion Daily Small Cap Bear 3x Shares.........$7.50............1,065,821
Best-Performing Stocks (the Week Ended June 5, 2010):Fonar Corporation (NASDAQ:FONR)
Time:
6/05/2010 12:25:00 PM
Quantum Group, Inc. (AMEX:QNGP) 100.0%
Jones Soda Co. ( USA ) (NASDAQ:JSDA) 62.7%
Gerdau Ameristeel Corporation (USA) (NYSE:GNA) 48.3%
Fonar Corporation (NASDAQ:FONR) 2.0%
Jones Soda Co. ( USA ) (NASDAQ:JSDA) 62.7%
Gerdau Ameristeel Corporation (USA) (NYSE:GNA) 48.3%
Fonar Corporation (NASDAQ:FONR) 2.0%
Goldcorp (TSE:G) Selling San Dimas Mine for US$500
Time:
6/05/2010 12:13:00 PM
The Vancouver gold mer said on Wednesday it would sell the San Dimas mine, gold and silver in Mexico for U.S. $ 500,000,000 Mala Noche Resources Corp
The portion of stock compensation equivalent to about a 30% at Mala Noche, Goldcorp said. Mala Noche Resources Vancouver is mining gold and silver. The agreement is subject to conditions including Mala Noche complete a capital financing.
The portion of stock compensation equivalent to about a 30% at Mala Noche, Goldcorp said. Mala Noche Resources Vancouver is mining gold and silver. The agreement is subject to conditions including Mala Noche complete a capital financing.
Stock Preview:DRDGold Ltd. (DROOY US)
Time:
6/05/2010 11:57:00 AM
DRDGold Ltd. (DROOY US) declined 1.6 percent to $4.24.
DRDGOLD (NASDAQ:DROOY) is currently below its 50-day moving average of $4.58 and below its 200-day moving average of $5.34. Look for these moving averages to decline to confirm the company's downward momentu
DRDGOLD (NASDAQ:DROOY) is currently below its 50-day moving average of $4.58 and below its 200-day moving average of $5.34. Look for these moving averages to decline to confirm the company's downward momentu
(NVE) Event Announcement Notice
Time:
6/05/2010 11:45:00 AM
source:tradingmarkets.com
Expected next earnings release:
Announcement date: 7/26/2010 - Before Market
Earnings Quarter: Q2
Announcement Status: Unconfirmed
Expected next investor conference call information:
Conference Call Date: 4/26/2010
Conference Call Time (ET): 10:00 AM
Conference Call URL: http://investors.nvenergy.com/phoenix.zhtml?c=117698&p=irol-calendar
Expected next earnings release:
Announcement date: 7/26/2010 - Before Market
Earnings Quarter: Q2
Announcement Status: Unconfirmed
Expected next investor conference call information:
Conference Call Date: 4/26/2010
Conference Call Time (ET): 10:00 AM
Conference Call URL: http://investors.nvenergy.com/phoenix.zhtml?c=117698&p=irol-calendar
Stock Alerts: Internet Capital Group, I (ICGE)
Time:
6/05/2010 11:31:00 AM
Internet Capital is currently below its 50-day moving average of $ 9.26 and should find support at its 200-day moving average of $ 7.58. Look for these moving averages confirm the refusal to downward trend of the company.
About Internet Capital Group
Internet Capital Group, Inc. (ICG) acquires and builds Internet software and services companies. As of December 31, 2009, ICG held ownership interests in 13 companies that it considers its partner companies.
About Internet Capital Group
Internet Capital Group, Inc. (ICG) acquires and builds Internet software and services companies. As of December 31, 2009, ICG held ownership interests in 13 companies that it considers its partner companies.
With BP’s stock rapidly declining,buy,sell or hold?
Time:
6/04/2010 01:08:00 PM
Goldman Sachs sold $250 million of BP stock before the oil spill occurred. So did a few other big institutional investors.
Just coincidence?
BP faces a tough balancing act, caught between worried investors and an increasingly angry U.S. government and public. It's a key stock for millions of investors and pension funds.
About 40 percent of BP shares are held in the U.S. The stock also accounts for about 6 percent of all the UK equity money held by defined benefit pension schemes.
BP has already spent about $1 billion on cleanup costs. CEO Tony “I’d like my life back” Hayward says the eventual cost could be about $3 billion. Which is being roundly laughed at as the lowball of the year. “I’m pretty damn confident that the Street is not buying that,” says New Orleans–based oil analyst Blake Fernandez. A more accurate estimate seems to be in the realm of $10 billion and up, to maybe $30 billion.
Just coincidence?
BP faces a tough balancing act, caught between worried investors and an increasingly angry U.S. government and public. It's a key stock for millions of investors and pension funds.
About 40 percent of BP shares are held in the U.S. The stock also accounts for about 6 percent of all the UK equity money held by defined benefit pension schemes.
BP has already spent about $1 billion on cleanup costs. CEO Tony “I’d like my life back” Hayward says the eventual cost could be about $3 billion. Which is being roundly laughed at as the lowball of the year. “I’m pretty damn confident that the Street is not buying that,” says New Orleans–based oil analyst Blake Fernandez. A more accurate estimate seems to be in the realm of $10 billion and up, to maybe $30 billion.
Stock market today:Halliburton Stock will rebound
Time:
6/04/2010 11:56:00 AM
Halliburton Co. (HAL: 23.28 -0.35 -1.48%) - The sale of the call options effectively reduces the price paid per share to $22.18 each. This strategy positions the investor to accrue maximum gains of 26.23% if HAL’s shares rally above $28.00 by October expiration.
The oil well pouring a river of crude into the Gulf of Mexico didn't have the normal type of remote-control shut-off switch used in Norway and the UK as last-resort protection against underwater spills, largely because the oil companies themselves are responsible for "voluntary" compliance with safety and environmental standards.
Investors are increasingly worried about Halliburton's financial exposure to the spill. The company's credit default swaps, protecting its debt, rose 35 basis points to 157 basis points on Wednesday, more than double their level a few days before, according to Markit Intraday data.
The oil well pouring a river of crude into the Gulf of Mexico didn't have the normal type of remote-control shut-off switch used in Norway and the UK as last-resort protection against underwater spills, largely because the oil companies themselves are responsible for "voluntary" compliance with safety and environmental standards.
Investors are increasingly worried about Halliburton's financial exposure to the spill. The company's credit default swaps, protecting its debt, rose 35 basis points to 157 basis points on Wednesday, more than double their level a few days before, according to Markit Intraday data.
Nasdaq Hot Stocks:Sirius XM's Reverse Split That Just Won't Die
Time:
6/04/2010 11:30:00 AM
Source:fool.com
Just in case Sirius XM stock (“SIRI”) drops below the Nasdaq-minimum $1, the shareholders have just voted to extend the option of doing a reverse split of as much as 1 share-for-25.
Sirius XM Radio (Nasdaq: SIRI) CEO Mel Karmazin has said that he is not interested in executing a reverse split, now that his company is back in compliance with Nasdaq OMX Group's minimum listing requirements.
Investors may have a different idea.
Last week's shareholder meeting delivered overwhelming approval of an extension for the authorization for a reverse split. Sirius XM now has 13 months to execute the move. It would have expired at the end of this month if stockholders had voted the proxy initiative down.
Just in case Sirius XM stock (“SIRI”) drops below the Nasdaq-minimum $1, the shareholders have just voted to extend the option of doing a reverse split of as much as 1 share-for-25.
Sirius XM Radio (Nasdaq: SIRI) CEO Mel Karmazin has said that he is not interested in executing a reverse split, now that his company is back in compliance with Nasdaq OMX Group's minimum listing requirements.
Investors may have a different idea.
Last week's shareholder meeting delivered overwhelming approval of an extension for the authorization for a reverse split. Sirius XM now has 13 months to execute the move. It would have expired at the end of this month if stockholders had voted the proxy initiative down.
Cisco's John Chambers said he would work 3 to 5 years
Time:
6/04/2010 11:10:00 AM
Today Cisco Systems CEO John Chambers, says he recently committed to staying on the job for another three to five years: "I love what I'm doing. I'm in." He also reiterated a long-term target of 12-17% revenue growth per year. During his tenure, the company has grown revenue to $40B from $1.2B.
Cisco was the Dow's best performer, with a gain of 37 cents (1.6%) to $23.72, while Microsoft climbed 40 cents (1.5%) to $26.86. Microsoft Chief Executive Steve Ballmer said on Thursday that the era of the personal computer is far from over.
Cisco was the Dow's best performer, with a gain of 37 cents (1.6%) to $23.72, while Microsoft climbed 40 cents (1.5%) to $26.86. Microsoft Chief Executive Steve Ballmer said on Thursday that the era of the personal computer is far from over.
David Greenwood sells 14,746 Shares
Time:
6/04/2010 07:36:00 AM
Shares of Geron Corporation closed above the 50-day moving average of $5.59.
Tuesday,Geron Corp. (GERN) EVP and CFO David Greenwood sells 14,746 shares of GERN at an average price of $5.43 a share.
Recent Sell:David Greenwood sold 3,503 shares of GERN stock on 05/24/2010 at the average price of 5.11, the price of the stock has increased by 13.11% since.
The current support and resistance levels for GERN are 5.43 and 5.76 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
Tuesday,Geron Corp. (GERN) EVP and CFO David Greenwood sells 14,746 shares of GERN at an average price of $5.43 a share.
Recent Sell:David Greenwood sold 3,503 shares of GERN stock on 05/24/2010 at the average price of 5.11, the price of the stock has increased by 13.11% since.
The current support and resistance levels for GERN are 5.43 and 5.76 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
SanDisk (SNDK) will rise to New Upside Target of $47.25
Time:
6/04/2010 07:12:00 AM
SanDisk (NASDAQ:SNDK) has an operating margin of 28.9% on trailing 12 months sales of $4 billion and sales growth of 64.8%.
SanDisk (SNDK) is up 205% over the last year, and nearly 60% year to date. During today's session, SNDK has fallen 0.43% to $46.23.
Also, the shares are currently trading above the 50-day moving average of $39.11 and above the 200-day moving average of $27.96.
We can belive:SanDisk (SNDK) will rise to New Upside Target of $47.25
Also,06/02/2010，Chairman & CEO of SanDisk Corp. (SNDK) Eliyahou Et Al Harari sells 100,000 shares of SNDK at an average price of $46.06 a share.
SanDisk (SNDK) is up 205% over the last year, and nearly 60% year to date. During today's session, SNDK has fallen 0.43% to $46.23.
Also, the shares are currently trading above the 50-day moving average of $39.11 and above the 200-day moving average of $27.96.
We can belive:SanDisk (SNDK) will rise to New Upside Target of $47.25
Also,06/02/2010，Chairman & CEO of SanDisk Corp. (SNDK) Eliyahou Et Al Harari sells 100,000 shares of SNDK at an average price of $46.06 a share.
Stock Alerts：Dynegy (NYSE: DYN) will rise
Time:
6/04/2010 06:52:00 AM
Dynegy (NYSE:DYN) during the past year. DYN has lost $1.79 (26.47 percent) during the past month and is currently trading below its 20-day, 50-day and 200-day moving averages.
Late last month,Dynegy(NYSE:DYN) actually reported EPS of $0.15 on sales of $858 million, beating EPS estimates by $0.27 and beating revenues estimates by $288 million.
Since the company's report, share of Dynegy have fallen from $6.75 to $5.15, representing a loss of 22.43% in the past 30 days.
Late last month,Dynegy(NYSE:DYN) actually reported EPS of $0.15 on sales of $858 million, beating EPS estimates by $0.27 and beating revenues estimates by $288 million.
Since the company's report, share of Dynegy have fallen from $6.75 to $5.15, representing a loss of 22.43% in the past 30 days.
HOT stocks to watch out:Sonus Networks, Inc. (NASDAQ: SONS)
Time:
6/03/2010 10:34:00 AM
Sonus Networks, Inc. stocks are in focus and have closed on mixed notes on the last trading session.
Sonus Networks, Inc. (NASDAQ: SONS) surged by 7.17% and closed at $2.54 with total volume of 4.10 million shares for the day.
The most positive financial indicator for Sonus Networks Inc is its current ratio of 4.52 times which shows that the company maintains the current assets 4.52 times more than its current liabilities. Such a high short term liquidity position shows strong financial standing of the company.
Sonus Networks, Inc. (NASDAQ: SONS) surged by 7.17% and closed at $2.54 with total volume of 4.10 million shares for the day.
The most positive financial indicator for Sonus Networks Inc is its current ratio of 4.52 times which shows that the company maintains the current assets 4.52 times more than its current liabilities. Such a high short term liquidity position shows strong financial standing of the company.
Earnings Postmortem for Time Warner Cable (NYSE:TWC)
Time:
6/03/2010 07:44:00 AM
NEW YORK, Jun 03, 2010 -- Time Warner Cable Inc.(TWC 55.49, +0.67, +1.22%)
Time Warner Cable (NYSE:TWC) have bullishly opened above the pivot of $54.82 today and have reached the first resistance level of $55.38.
The next upside pivot targets of $55.89 and $56.99. Also, the shares are currently trading above the 50-day moving average of $52.34 and above the 100-day moving average of $44.89.
About Time Warner Cable
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas -- New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. Time Warner Cable serves more than 14 million customers who subscribe to one or more of its video, high-speed data and voice services. Time Warner Cable Business Class offers a suite of phone, Internet, Ethernet and cable television services to businesses of all sizes. Time Warner Cable Media Sales, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions that are targeted and affordable.
Time Warner Cable (NYSE:TWC) have bullishly opened above the pivot of $54.82 today and have reached the first resistance level of $55.38.
The next upside pivot targets of $55.89 and $56.99. Also, the shares are currently trading above the 50-day moving average of $52.34 and above the 100-day moving average of $44.89.
About Time Warner Cable
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas -- New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. Time Warner Cable serves more than 14 million customers who subscribe to one or more of its video, high-speed data and voice services. Time Warner Cable Business Class offers a suite of phone, Internet, Ethernet and cable television services to businesses of all sizes. Time Warner Cable Media Sales, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions that are targeted and affordable.
Stocks With High Upward Momentum:Taser International (NASDAQ:TASR)
Time:
6/03/2010 06:19:00 AM
Taser International (NASDAQ:TASR) stock. Yesterday's price range of 4.13 and 4.34 is within the previous day's price range.
This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.
Some investors are still concerned over the potential effects on business that could come as a result of a big loss in the courtroom. TASER is currently a defendant in more than 40 lawsuits and has been involved in numerous others that have sent the stock both reeling and soaring over the past several years. Despite insurance coverage, the looming legal issues have some investors opting for alternative investments.
Traders and investors interested in the shares of Taser International may consider a level appropriate entry in the event of a reversion to the record head. It is important to seek confirmation.
This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.
Some investors are still concerned over the potential effects on business that could come as a result of a big loss in the courtroom. TASER is currently a defendant in more than 40 lawsuits and has been involved in numerous others that have sent the stock both reeling and soaring over the past several years. Despite insurance coverage, the looming legal issues have some investors opting for alternative investments.
Traders and investors interested in the shares of Taser International may consider a level appropriate entry in the event of a reversion to the record head. It is important to seek confirmation.
JDS Uniphase In Review:JDSU cheap but dramatic rally unlikely
Time:
6/03/2010 05:14:00 AM
JDS Uniphase shares are trading below their 50-day moving average (MA) of $ 12.37 and should find support at its 200 days MA for $ 9.04. Look for these MA to provide resistance for a short-term bounce in stocks.
In the past 52-weeks, shares of JDS Uniphase have traded between a low of $4.75 and a high of $13.95 and are now at $11.00, which is 120.42% above that low price.
JDSU cheap but dramatic rally unlikely
In the past 52-weeks, shares of JDS Uniphase have traded between a low of $4.75 and a high of $13.95 and are now at $11.00, which is 120.42% above that low price.
JDSU cheap but dramatic rally unlikely
Sirius XM: Now Radio app expands to Android Handsets
Time:
6/02/2010 11:07:00 AM
Today,Sirius XM Radio has released an Android version of its application that is currently available on Apple’s iPhone and iPod Touch.
Sirius XM adds the application is compatible with a variety of Android-powered devices including Motorola's Droid, HTC's Droid Incredible and Droid Eris, and Google Nexus One models. Upon downloading the free app, users can also register for a seven-day free trial to Sirius XM Premium Online.
Should we celebrate the arrival of Sirius XM in the fast-growing Android platform? Of course. The move brings satellite radio subscribers the most basic, and puts his right foot in the door. In the unlikely event that one day decides Sirius XM Satellite expensive to replace with a streaming model, which will have to be a force all smartphone platforms.
Sirius XM adds the application is compatible with a variety of Android-powered devices including Motorola's Droid, HTC's Droid Incredible and Droid Eris, and Google Nexus One models. Upon downloading the free app, users can also register for a seven-day free trial to Sirius XM Premium Online.
Should we celebrate the arrival of Sirius XM in the fast-growing Android platform? Of course. The move brings satellite radio subscribers the most basic, and puts his right foot in the door. In the unlikely event that one day decides Sirius XM Satellite expensive to replace with a streaming model, which will have to be a force all smartphone platforms.
Henderson,Bank of America Opens Outreach Center
Time:
6/02/2010 02:24:00 AM
Bank of America announced the opening of the first of three "outreach" centers in Nevada to help distressed and underwater homeowners modify their mortgages.
Today,Bank of America announced the opening of the first of three "outreach" centers in Nevada,help distressed and underwater homeowners modify their mortgages.
"Bank of America has been very active in working on financial solutions for our mortgage customers in Nevada, including a dedicated mobile team that has been in the state since January and frequent participation in homeowner outreach events,"
said Rebecca Mairone, national servicing executive for Bank of America Home Loans.
Bank of America mortgage customers in Nevada may make appointments to meet with a specialist at the Henderson outreach center by calling a state-dedicated toll-free hotline, 877.345.6416, between 5 a.m. and 9 p.m., Monday through Friday. Appointments are available from 10 a.m. to 7 p.m., weekdays. The center, located at 2285 Corporate Circle, Suite 100, is not set up for walk-in consultations.
Today,Bank of America announced the opening of the first of three "outreach" centers in Nevada,help distressed and underwater homeowners modify their mortgages.
"Bank of America has been very active in working on financial solutions for our mortgage customers in Nevada, including a dedicated mobile team that has been in the state since January and frequent participation in homeowner outreach events,"
said Rebecca Mairone, national servicing executive for Bank of America Home Loans.
Bank of America mortgage customers in Nevada may make appointments to meet with a specialist at the Henderson outreach center by calling a state-dedicated toll-free hotline, 877.345.6416, between 5 a.m. and 9 p.m., Monday through Friday. Appointments are available from 10 a.m. to 7 p.m., weekdays. The center, located at 2285 Corporate Circle, Suite 100, is not set up for walk-in consultations.
Stock Comments for Applied Energetics, Inc. (AERG)
Time:
6/01/2010 10:31:00 AM
Applied Energetics, Inc. (AERG) is the largest sector of Scientific & Technical Instruments and has been doing poorly recently.
It has risen 317.14% since early this year. The percentage change in price is 305.56% in the last 52 weeks. Callon Petroleum Company (NYSE: CPE) is the ninth year the best performing stock to date in this market segment.
As recent stock performance of AERG, AERG has won one cents (0.69 percent) during the last month and is currently trading above its average of 20 days, 50 days and 200 days in motion.
It has risen 317.14% since early this year. The percentage change in price is 305.56% in the last 52 weeks. Callon Petroleum Company (NYSE: CPE) is the ninth year the best performing stock to date in this market segment.
As recent stock performance of AERG, AERG has won one cents (0.69 percent) during the last month and is currently trading above its average of 20 days, 50 days and 200 days in motion.
Stock market today:Credit default swaps to Halliburton
Time:
6/01/2010 06:59:00 AM
The Bedford Report is pleased to announce that its latest Market Update analyzing recent news and events on BP PLC (NYSE: BP), Halliburton Co. (NYSE: HAL) has been released.
Transocean's five-year credit default swaps rose by 40 percent to 352 basis points, while Halliburton's five-year swaps rose by 27 percent to 98 basis points, according to data from Markit Intraday.
Transocean's five-year credit default swaps rose by 40 percent to 352 basis points, while Halliburton's five-year swaps rose by 27 percent to 98 basis points, according to data from Markit Intraday.
Direxion Daily Financial Bull 3X Shares(FAS) dramatic rally unlikely this week
Time:
6/01/2010 05:24:00 AM
It’s a fresh week, and a new month but the tone for U.S. stocks hasn’t changed much yet from May’s ugliness. European markets selling off, and euro reaches a four-year low against the dollar. Asian stocks also lower overnight after some hints that China’s growth may be easing. Stock futures have improved from earlier levels, but still suggest a potent downdraft when regular trading begins.
From high in April at about $ 40, FAS has dragged his bullish support line at $ 20. But last week an investment, which doubled on Tuesday, indicates that the rate could quickly jump to its 200-day moving average at $ 27.
From high in April at about $ 40, FAS has dragged his bullish support line at $ 20. But last week an investment, which doubled on Tuesday, indicates that the rate could quickly jump to its 200-day moving average at $ 27.
Stock Alert for Philip Morris Companies (MO)
Time:
6/01/2010 12:30:00 AM
Philip Morris, which covers all foreign operations split from Altria Group MO in early 2008, has been one of my best ideas for high current yield (5.2%) and solid revenue growth for some time. The only thing missing so far has been a safety margin against the biggest risk facing the enterprise: unfavorable currency movements. Now that these currency movements are upon us, and the price of Philip Morris shares fell below my purchase price dividend of $ 45,
I think that increases by 7% per year going forward
I think that increases by 7% per year going forward
Brocade Communications Systems Inc Stock Alert
Time:
6/01/2010 12:11:00 AM
Brocade Communications Systems options considered prominent activity today. A total of 16 534 sales contracts and 3,500 calls traded prominently raise / call alert volume. Put traded today is called the coefficient of 4.72. 4.72 puts traded for every call contract.
Brocade Communications Systems is currently below its 50-day moving average of $ 6.10 and below its 200 day moving average of $ 7.27.
"BRCD recently reported financial results for its second fiscal quarter ended May 1, 2010. BRCD recorded quarterly revenues of $501 million or a decrease of 1% year-over-year, resulting in a diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.13 on a non-GAAP basis.
Brocade Communications Systems is currently below its 50-day moving average of $ 6.10 and below its 200 day moving average of $ 7.27.
"BRCD recently reported financial results for its second fiscal quarter ended May 1, 2010. BRCD recorded quarterly revenues of $501 million or a decrease of 1% year-over-year, resulting in a diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.13 on a non-GAAP basis.
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