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- Coal Industry Rallies For Clean Coal At Conventions, Supporting Their Cause And ETFs
The Democratic and Republican conventions might be "green," but it's nothing the coal industry and exchange traded funds (ETFs) are afraid of.
Instead, they have brought the coal supporters out in full force in an effort to lesson their carbon footprint and rally back.
The American Coalition For Clean Coal Electricity (ACCCE) is a group of mining and electric utilities that is spending $1.7 million on advertising and lobbying at the Democratic convention in Denver and the Republican … [visit site to read more]
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Переслать - High-Yielding Pfizer Stocks A Consideration For Patient Investors
For shareholders of Pfizer, Inc. (PFE) stock, it has been a pretty barren decade. Like many large pharmaceutical stocks, Pfizer shares have done virtually nothing in years. Admittedly, the stock pays a generous dividend (6.5%+) which appears fairly secure. However, at some point, Pfizer is going to have to achieve some noteworthy success on the new product front or patent expirations on blockbuster drugs are going to continue to dampen earnings and may even force a dividend … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Further Expansion Of German ETF Cut With Construction Slowdown
Germany is facing the possibility of a recession, endangering any further expansion of its exchange traded funds (ETFs).
Two key surveys indicated that the business and consumer confidence is eroding in this one-time economic powerhouse, reports the Associated Press.
Two straight quarters of falling output defines a recession. June made for the third month of falling output, with a contraction of 0.5%. The business climate index fell from 97.5 points to 94.8 points this month. Although … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The FDIC's Potential Funding Shortfall
In the earlier post we discussed the health of the institutions insured by the Federal Deposit Insurance Corporation (FDIC), now let’s discuss the health of the FDIC itself:
(From the WSJ): “WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.
Ms. Bair said the borrowing could be needed to … [visit site to read more]
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Переслать - The FDIC's Quarterly Banking Profile: Q2 2008
Let’s review some of the data points from the FDIC’s latest quarterly banking profile for Q2 of 2008:
Net Income: declined by 86.5%, dropping from 31.8 billion last year to 5 billion this year.
Loan Loss Provisions increased by 440 % jumping up from 11.4 billion last year to $50.2 billion this year; furthermore it’s worth nothing that banking earnings from Q2 of last year noted (in many cases) double to triple digit % … [visit site to read more]
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Переслать - Protect Your Portfolio From Hurricane Gustav
THE FINAL NUMBERS - FOCUS ON GUSTAV
NEWS: The major indices shrugged off the strengthening of Hurricane Gustav and closed in the green today. The Dow ended with a gain of 89 points or 0.8%. The S&P 500 also gained 0.8% or 10 points on the session. The NASDAQ rallied 20 points or 0.9% as light volume as again a major theme.
THE BOTTOMLINE: Another light volume day for the market, but there was news that could greatly affect stocks in … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Wednesday: Daily Forex Market Commentary
EURO
The euro moved higher vis-à-vis the U.S. dollar Wednesday as the single currency tested offers around the US$ 1.4775 level and was supported around the $1.4630 level. Different factors led to gains by the common currency. First, tropical storm Gustav is nearing the U.S. oil-rich gulf region … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Did Fannie Mae Management Shakeup Cause A Spike In The Stock Market?
I was day-trading a quiet NASDAQ (^IXIC) market today when suddenly the market spiked sharply higher a little after noon. What happened? I looked around at various sites for clues and the only comment was from Briefing.com: "…there doesn't appear to be any catalyst for the gains." Hmmm. Then at 2:00 PM another comment was: "…market breadth is positive although conviction behind the market is unclear." Double, hmmm.
There really wasn't any … [visit site to read more]
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Переслать - Wednesday Stock Market Recap: Stocks Up Despite Gustav's Pressure On Oil Prices
A larger than expected increase in orders for big ticket manufactured goods led Wednesday's moderate, but positive market performance and is a good indication that our economy is stronger than people thought. The Commerce Department reported that orders for durable goods jumped 1.3% in July from the previous month, led by a strong demand for commercial aircraft. Economists only expected the increase to be 0.1%. This 1.3% increase follows an equal increase in the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Despite Price Plunge, Silver And Its ETF Gain Assets On Continued Demand
iShares Silver Trust (SLV), the largest silver-backed exchange traded fund (ETF), has somehow defied the price of silver dropping.
While silver has lost 40% of its value, the holdings within SLV have only gone up to a record 6,474.04 tonnes of average 1,000 oz. silver bars, reports Melissa Pestini for Silver Investing News.
Any thoughts of silver being … [visit site to read more]
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Переслать - Coffee, Cocoa And Sugar Production Make Investors Hungry For Soft ETFs
Cocoa exports from Nigeria doubled in the second quarter, making investors coo-coo for the cocoa exchange traded note (ETN).
Nigeria is the world's fourth-largest producer of the key chocolate ingredient, reports Dulue Mbachu for Bloomberg. The stepped-up production was as a result of government incentives. Production could have actually been higher, since the official tally … [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 Thursday - SNDK, LVLT, MU, GME
Chart courtesy of stockcharts ( click to enlarge )Gamestop (GME) - The stock is sitting on the 50-day moving average. However the internal indicators ( KD, MACD and RSI ) are showing negative … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Top 5 Stocks For September 2008
Things change quickly in the market.
What looked attractive last month, now looks overvalued, or further due diligence has proven it to contain some warts.
Such is the case with stocks that enter and exit my Top 5 as constant fluctuations in both price, market conditions, and business fundamentals constantly alter the investment thesis.
Today I wanted to give you a heads up on some of the stocks that I was watching for possible inclusion into the PeakStocks.com … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Overseas Demand For Cars, Planes Bumps Up Durable Goods Orders And ETFs
In a late-summer surprise, durable goods orders for July rose, which could benefit a number of exchange traded funds (ETFs).
The 1.3% gain in orders for goods meant to last at least three years ties last month's increase, reports Timothy R. Homan for Bloomberg. The jump may have been helped along by foreign demand for autos, aircraft and telecommunications gear, since exports … [visit site to read more]
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Переслать - Wednesday Stock Market Commentary: Fannie, The Fed And Organized Crime
FNM BOARD AFFIRMS COMMITMENT TO CEO MUDD; NAMES DAVID HISEY AS CFO, MICHAEL SHAW AS CHIEF RISK OFFICER, EFFECTIVE IMMEDIATELY
- CEO: “After setting forth our capital and credit plan August 8, we are now putting a senior management structure in place to drive this plan across the company,. This team will be responsible for meeting the dual objectives of conserving capital and controlling credit losses while Fannie Mae continues to provide crucial liquidity to the U.S. housing and … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Oil Companies Exiting The Gas Station Business
Here is an interesting graphic from the WSJ depicting the shrinking margins for gas stations due to the rising cost of oil:
Graphic courtesy of the WSJ
Now just imagine how much gasoline would cost if margins had stayed constant.
The graphic comes from an article discussing how Conoco Phillips (COP) is selling off … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - What's More Worrisome Than Toxic Loans Are Regulators Who Did Not Know What They Were Doing
Dean Baker, co-director of the Center for Economic and Policy Research and publisher of the Beat the Press blog (one of my favorites), is a rare breed. Aside from the fact that he is one of the few economists who seems to know what is really going on (and who has been ahead of the curve as far as the current crisis is concerned), he is an articulate commentator who cuts straight through the B.S. and calls it like it is. I have to admit that when he writes post like the following, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The Bullish Case For Natural Gas
Over the last month and a half, commodities have had a sell-off so severe that it is safe to say we haven't seen anything like this in a very long time. You would probably have to go more than 20 years backwards to find a downward move this sharp. It is understandable that investors become paralyzed by fear during downswings of 40%+ in such a short period of time but when looking through market history you can see that the greatest investors made their fortunes when everyone else was busy … [visit site to read more]
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Переслать - Look Who's Holding These Market Monopoly Cards
With the Olympics and the summer drawing to a close, it’s now time for market participants to get themselves back from the beach, turn off the TV, and focus on making money for the four-and-bit months that remain of 2008. Yet the Olympic spirit lives on, and many of us would love to channel our inner Usain Bolt or Michael Phelps.
Indeed, over the course of his career, Macro Man has met many market people who are just as competitive as Bolt, Phelps, or Tiger Woods, for that matter. Sadly, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - IBM Growth Sustained Worldwide
With over half of its revenue (58%) coming from outside the United States, International Business Machines Corporation (IBM) has been more insulated from recent weakness in the U.S. economy than many of its peers.
Further, we are encouraged with IBM's focus on more profitable businesses, such as software and services, and exit of low-margin businesses. IBM has strengthened its position through strategic investments and acquisitions in emerging higher value segments like … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Rudolph Tech Expects Better '09
June quarter top and bottom-line results for Rudolph Technologies, Inc. (RTEC) beat consensus estimates. The company recently closed two acquisitions involving front-end and back-end business that more than doubled the size of the firm.
Orders were cut drastically over the past few quarters. The question of whether they are being pushed out or canceled is very important for investors to consider. Until this becomes clearer, we would be on the sidelines. We are reiterating … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Dollar Surges On Better-Than-Expected Durable Goods Even Though Oil Inventories Are Down
So far it has been quite a good week for the US dollar when it comes to US economic figures. Wednesday’s release of July US durable goods orders came out better than market consensus, jumping to 1.3%, following an unrevised 1.3% increase in June, and versus an expected increase of just 0.1%. A 28% increase in civilian aircraft orders contributed to the jump in … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Consumption In Chile Feeds The Economy And ETF
Chile experienced rapid growth during the second quarter that could give room for its exchange traded fund (ETF) to flourish and giving the Central Bank room to raise interest rates in an effort to stave off inflation.
Chile's GDP grew 4.3% during the second quarter, higher than the anticipated 3.3%. This growth was fueled by an 11% increase in demand, and this is giving policy makers room to raise interest rates if need be.
Private consumption in Chile rose 5.9% during the second … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Water: It's Not Just For Drinking Anymore
You turn on the faucet, and-voila-you have a drink of water! Those of us who come from western nations tend to take water for granted. However, after a few years in Israel, we appreciate the fact that whatever water we receive is a gift. The media is filled with reports about how the world is running low on crude oil, but not too much attention is paid to the growing water crisis.
Water as an Investment
As abundant as it appears to be, only about 20% of the global … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Hurricane Gustav - Potentially Category 5 Hurricane Like Rita And Katrina
Gold finished trading in New York yesterday at $822.40, up $3.10 and silver was up 22 cents to $13.58. Gold and silver rallied in Asian and in early European trading this morning. Gold is trading at $832.30/832.70 per ounce (1100 GMT).
Gold is showing strength again with the dollar giving up yesterday's gains (above EUR/USD 1.472 and far from yesterday's six month high to the euro of 1.4570) and oil firming again on hurricane fears in the Gulf of Mexico.
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Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Commodities: Bear Market Or Bounce?
By Martin Hutchinson
With oil off more than 20% from its July peak, and the Reuters-CRB Continuous Commodity Index down 19% from its June high, traders are betting that commodities have entered a bear cycle with much further to fall. But it is much more likely that commodities will enjoy another "bounce," with many of them revisiting record levels before a true downturn sets in.
Smart investors will take advantage of this bounce.
In the long … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - If Commodities Are Indeed At The Bottom, It Could Be ETFs' Gain
Despite the recent correction, commodities are in their seventh year of gains, which has led exchange traded funds (ETFs) embarking on one of their largest growth spurts. Some now think the bottom is in sight, and it's not because of rising demand, but rather supply cuts.
Corn and soybeans have rebounded as reduced crop yields have pushed U.S. stockpiles to five-year lows, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - California Home Sales: 43% Year Over Year Increase!
In contrast to the national news that existing home sales rose from June to July but are still below the levels from a year ago, California is bucking the national trend by showing its 4th straight month of year over year sales gains. Many pundits and commenters poo-poo monthly sales gains, claiming only year over year gains will signal the end of the housing down turn. This data could be a signal.
You may also note the median price is 40% lower than a year ago. There are a couple of … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Watch What The Savvy Japanese Currency Investors Do
One thing I’ve learned from working in the foreign exchange market is to watch what the Japanese are doing. Why? They are very wise and patient investors who are usually right over time.
The Japanese are very different from most currency traders,especially the average American currency trader, who tend to be short term in nature. Japanese traders will hold positions from a few months to a year or so. They use a very small amount of the leverage, and have well-capitalized accounts they can … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stocks Gain Support But Lack Significant Volume
Certainly this market can get much more boring, but it has become so mundane that it will force some hands to fold and walk away. Like a bandaid the quicker you peel it off the less pain you receive, but the longer you stretch out the peeling the more pain you feel. This market is slowly peeling back the bandaid and it isn't bound to pick up any time soon. Low volume markets tend to be boring and it will force a few hands from the market but it won't flush out all the weak ones. Volume … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The "Big Pharma Effect"
I have not been the first nor will be the last to point out the troubles of Big Pharma; however, how can you as an investor take advantage of the weak sub-sector and transfer your investments to another attractive area of Healthcare that will be reaping the benefits? In this article, I will point an attractive industry that will be benefiting from what I like to call, the Big Pharma Effect.
What's happening in Big Pharma?
The patent … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Greatbatch Considered Only So-So
Greatbatch, Inc. (GB) is a leading producer and supplier of batteries, capacitors, and components used in implantable medical devices through its Implantable Medical Components (IMC) business.
The company reported second quarter top-line above expectations primarily due to acquisitions and strong end-market growth. However, EPS exceeded our expectations by a penny on lower R&D spending. The management provides adjusted 2008 EPS guidance of $1.20-$1.50. Our 2008 EPS … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Canada's Inflation May Or May Not Affect ETF, Depending On Time Frame
Inflation is knocking on Canada's door, and this may mean a slowdown for the iShares MSCI Canada (EWC) exchange traded fund (ETF), as well.
The annual inflation rate rose to its highest since 2003 for our Northern neighbors, mostly because of the higher gas prices for drivers. Consumer prices rose 3.4% from July 2007, and inflation is projected to peak at 4.3% next year, reports Theophilus Argitis for Bloomberg.
Most of July's inflation can be tied to the rise in … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Tuesday US Stock Market Recap: Airline Stocks Affected By Delays
The markets were fairly calm Tuesday, the major indexes were never more than +/- 0.75% at any point during the trading session. To the right, you can see the daily chart of the S&P 500.
Volume was weaker than average, I think this probably has to do with … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - TOTAL SA Is Totally A Buy
We maintain our Buy rating on TOTAL S.A. (TOT) ADRs after the company reported first quarter results. We continue to like the company for its positive production-growth profile, attractive returns and an improving outlook for the refining and chemical businesses.
We also like the company’s active share buyback program and the recent increases in the dividend. Growth in production now is higher than its peers and we expect momentum to accelerate in the coming … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Price Momentum For France Telecom May Continue
We remain buyers of France Telecom (FTE). Improved free cash flow visibility over the next six months combined with an attractive and safe dividend yield suggest that price momentum may continue, driving the stock to new highs.
We now expect some earnings growth even for 2008, but the main investment thesis for FTE is P/E multiple expansion which is now dramatically taking place. We believe investors aggressively de-rated FTE's P/E multiple in 2006-2007 due to limited cash … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Harris Interactive Fair At $2
Harris Interactive, Inc. (HPOL) was slightly below the Street's Q4 EBITDA estimate, but it topped its revenue projection and edged its EPS expectations.
The company is hopeful once more that it can take or maintain share, cut its costs more, sees upside in Canada and Asia from its acquisitions and that its new segment executives can ramp quickly. Given the management's spotty forecasting record, the hopes could again prove optimistic. We will wait until we see signs of … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Daily Forex Analysis: Oil Inventory Data To Cause Some Volatility In Markets
Tuesday's US Dollar Trading
• USD fails to extend overnight strength
• Volumes better
• Stops close-in result in two-way actionOvernight Preview
• Look for more two-way action
• USD is getting "tired" I thinkLooking Ahead to Wednesday
All times EASTERN (-4 GMT)
• 8:30am USD Core Durable Goods Orders m/m
• 8:30am USD Durable Goods Orders m/m
• 10:35am USD Crude Oil … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Tuesday: Daily Forex Market Commentary
Euro
The euro moved sharply lower vis-à-vis the U.S. dollar Tuesday as the single currency tested bids around the US$ 1.4570 level and was capped around the $1.4760 level. The common currency reached its lowest level since 14 February as traders continued to scale back their expectations concerning regarding eurozone interest rates, especially as EMU-15 economic data continue to weaken.
Data released in the U.S. saw July new home sales climb 2.4% to an annualized … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - A Snapshot Of The Best Wind Energy Companies
I’ve discussed wind energy in these pages many times before, but the conversation seems to have always turned to a discussion of wind turbine stocks.
Today, I want to take a step back, look at the industry as a whole, and focus more broadly on wind energy companies.
The Wind Energy Industry
First, let’s get a quick rundown of the growth of the domestic and international wind markets out of the way.
Here’s the chart for wind power capacity growth by … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
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- Top 5 Stocks For September 2008
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