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- Energy Now Expected To Keep Earnings Crown
Reports for the second quarter are starting to trickle in, and soon that trickle will turn to a flood as Alcoa kicked-off the second quarter earnings season.
At this point the reported data is not that significant. Just 32 firms, or 6.40% of the S&P 500, have reported. Nonetheless, this very limited sample is somewhat encouraging. Positive surprises are leading disappointments by a 3.2:1 ratio, inline with recent historical norms. The median surprise is also inline with … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The Fed's New Lending Regulations
Here are some highlights of the Fed’s changes to current lending regulations:
From the Federal Reserve:
“The rule establishes a new category of “higher-priced mortgages” that includes virtually all closed-end subprime loans secured by a consumer’s principal dwelling. Which loans qualify as “higher-priced” will be determined by a new index that will be published by the Federal Reserve Board.
The rule, for these higher-priced loans:
Prohibits a lender from making a loan … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Republic Services: It's Not Trash, It's Big Business!
There has been no shortage of merger and acquisition news from the waste management industry in recent weeks. It started last month when Republic Services Inc. (RSG) made a $6.24 billion offer for Allied Waste Industries (AW). That deal would combine the second and third largest trash collecting businesses in the industry in a direct challenge to industry leader Waste Management, Inc. (WMI). In an effort to thwart that deal and maintain its dominance of the industry, Waste Management … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The Final Numbers - The Failout
NEWS: The futures were so bright I had to wear shades! But by late morning the shades were on the floor. The Dow futures rose over 100 points this morning in anticipation of a big rises in Fannie and Freddie after the government announced a bailout plan on Sunday. The early triple-digit gains did not hold and the Dow finished the day off 45 points or 0.4%. The S&P 500 fared even worse, losing 11 points of 0.9%. The Nasdaq topped that with a drop of 1.2% or 26 points. And even worse yet was … [visit site to read more]
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Переслать - Is There A Uranium ETF In the Future? Until Then, Exposure Can Be Had In Nuclear Funds
The price of uranium has been ticking higher, making nuclear-focused exchange traded funds (ETFs) attractive.
At the time, Richard Kang for Seeking Alpha wrote an article about the price increases last year, ways to get diversified exposure to uranium was through stocks for companies such as Unranium Participation Corp (U) and Cameco (CCJ).
Fast-forward one year, and investors … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stock Picks And Trade Ideas For Tuesday - JAVA, AAPL, APOL, MRVL
Chart courtesy of stockcharts ( click to enlarge )
Marvell Technology Group (MRVL) formed a falling price channel correction over the last two weeks and a move above $16.20 would be bullish. The technical chart shows possibility of new rally as the stock … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - A Morning Cup Of Coffee Becomes ETN Inspiration
Can coffee deliver a jolt to your exchange traded note (ETN) portfolio? Sure, you can cut back on food as prices get higher. But give up the morning java? Never!
As anyone who's been to a cafe recently can attest, coffee isn't cheap and it's poised to get even pricier. In Brazil, the cost of fertilizer and farm labor is putting the squeeze on profits, reports Peter Murphy for Reuters. The … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - US Dollar On The Defensive Ahead Of Bernanke's Testimony And Retail Sales Data
The US dollar had a good start when the forex market opened in Asia on Monday and into the European trading session, inspired by the US government’s plan reported Sunday evening to help the struggling mortgage giants Freddie Mac (fre) and Fannie Mae (fnm). But as we move into the New York session, traders are taking their profits on dollar strength for fear that the US currency may not have sustained buying interest due to continued downside pressure on the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Meltdown Of Fannie Mae And Freddie Mac: Subprime Crisis Again In The Spotlight
By William Patalon III
We’ve been warning you since the start that the subprime crisis would have some real staying power.
Indeed, every time optimistic prognosticators have predicted an end to this global financial debacle, we’ve had the same response: Don’t you believe it.
Again just recently, after several big banks announced yet another round of major write-offs - all of … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - A Slippery Slope
While Macro Man is tempted to hit shift F9 again, perhaps the optimal strategy in this market has been pretty easy. Stay short equities, particularly financials, until and unless the Feds get involved with Freddie and Fannie. And while the details are pretty nebulous, it looks like the US government will do visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Trillion Dollar Bailouts Will Likely Cripple U.S. Budget And Imperil The Dollar
Gold
Gold finished trading in New York on Friday at $959.10, up $18.90 and silver was up to $18.72, up 48 cents. Gold rose in trading in Asia before selling off in early European trading on profit taking due to falling oil prices and a rising dollar this morning.
Both gold and silver were up nearly 3% last week on inflation hedging and safe haven buying and profit taking is to be expected. Gold and silver were up nearly 3% for the week and yet the dollar was only … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - UK And Eurozone News Push Their Currencies Lower
Overnight Asia/Europe
•USD two-way
•UK and Eurozone news push those lower
•Technical trade likely to continueToday's Economic Reports
All times EASTERN (-5 GMT)
•No reports due on Monday
No real news until PPI on Tuesday.Looking Ahead to Tuesday
All times EASTERN (-5 GMT)
•8:30am USD Core Retail Sales m/m
•8:30am USD PPI m/m
•8:30am USD Retail Sales m/m
•8:30am USD Core PPI m/m
•8:30am USD Empire … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Israeli Investment Updates
The Israeli trade deficit continued to widen in June as a strong Shekel and the cost of fuel imports rose more than the growth in exports. As reported in the Jpost, "The deficit, excluding diamonds, ships and aircraft, increased to a seasonally adjusted $1.27 billion from $1.04b. a year ago, the Central Bureau of Statistics said in a preliminary report Sunday." I … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Freddie Mac Auction
Update: White House says Fannie (FNM)/Freddie (FRE) have not used new government credit lines, and that the GSE proposals were made simply to calm a nervous market. (Strike one, it's not working very well)
FRE COMPLETES $3B BILL AUCTION RESULTS; $2B OF 3-MONTH SOLD AT 2.309%, AND $1B OF 6-MONTH AT 2.496%
- 3 month Spread over Treasury 69bps v 51bps average spread
- 6 month Spread over Treasury 43bps v 42bps average spread
- 3 month bid to cover … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
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