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- Surprise Fed Rate Cut Coming?
Wamu (WM) and Lehman (LEH) are getting torched. What are the solutions? Well, Wamu is sitting on some $120 billion in Pay Options, HELOC's and Subprime. Best case, a suitor would take a $50 billion hit. Yes, the Treasury or Fed could back stop the purchase but that is still a lot of lost coin. On the other hand, the suitor would have 2500 branches on the West Coast and instantly be a major presence. It would take 15-years for Jamie Dimon to build this … [visit site to read more]
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Переслать - McDonald's Corporation: Targeted Recommendations
McDonald’s Corporation (MCD) was this week's strongest performer. The company's share price received a boost on news of robust sales.
The company reported that worldwide same-store sales surged 8.5% in August. The announcement was made on Tuesday, which saw the Dow shed 280 points, but MCD jumped 1.2%.
MCD is trading near a 52-week high in a tough market. The company has been part of the Focus List since July 2006 and is currently the top overall portfolio performer. … [visit site to read more]
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Переслать - US Dollar Losing Bullish Steam Ahead Of Fed Rate Decision Next Tuesday
A lot of maybes are now swirling around in the air of the financial markets. Speculation is now rife that the Fed may spring a surprise interest rate cut as they are concerned about the widening spreads in the credit markets. Should that become true, the US dollar would be one of the first to take a hit, and that would be a setback to the currency’s ongoing strong uptrend.
On Friday, weakness showed up in the dollar as traders took the opportunity to take profits of long USD … [visit site to read more]
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Переслать - How Lehman Brothers' Own Risk Management Strategy May Cause It To Fail
By Martin Hutchinson
When Lehman Brothers Holdings Inc. (LEH) announced a third-quarter loss of $3.9 billion earlier this week, the investment bank’s shares plunged as Wall Street questioned its long-term ability to survive.
Of the five big investment banks that were in operation at the outset of this year, The Bear Stearns Cos. visit site to read more]
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Переслать - Korean Blogging Software Provider Acquired By Google
TNC (Tatter and Company) a blogging platform company based in Seol, South Korea, according to co-CEO Chang Kim - has been acquired by Google (GOOG).The acquisition of TNC which offers a blogging platform similar as Automatic, is an indication that the search giant is taking the Asian markets seriously. Google, believe it or not, is … [visit site to read more]
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Переслать - United Feeling Downward Pressure
We are maintaining our Hold on UAL Corp., or United (UAUA), as well as our $10 target price as the industry is still hostage to oil prices since fuel is the largest single expense category on the income statement and we do not expect oil prices to drop significantly in the near term. UAL is expected to report third quarter results in late October.
We are retaining our loss per share estimates at $12 for 2008 and $5 for 2009. Results should reflect moderate … [visit site to read more]
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Переслать - A List Of Items Which Are A Damned Shame And Which Are Generating A Policy Response
Well, what can we say? Another day, another US government intervention- this time to broker a buyer for Lehman Brothers (LEH). Per the usual, someone got wind of it beforehand, leading to the by-now de rigeur spike in the SPX (SPY)before the news hits the tape.
It’s a damned shame that LEH has gone to the wall, but being a damned shame isn’t necessarily a good criterion for government intervention. Readers across the world can no doubt think of domestic … [visit site to read more]
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Переслать - Hurricane Ike And Oil Prices
With another disastrous hurricane carving its way through the offshore oil drilling platforms in the Gulf of Mexico (GoM), we take note of how oil prices are reacting. While far from their all-time highs mere months ago (near $150 per barrel), the shuttering of drilling and refining operations for the time being seems to bee keeping prices from falling below $100.
Large-cap integrated oil companies — among the most successful companies in the world for the past several years — have taken … [visit site to read more]
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Переслать - Good Dividend News
With the market as ugly as it has been over the last week, it is nice to get some good dividend news on a couple of the stocks I follow. Markets like these tend to drive down the good along with the troubled and many good companies become great values. The problem is that a fear driven market can continue to fall with no regard to strong fundamentals. When strong dividend paying stocks make a positive announcement, it can help prop up the stock price.
Nordic American Tanker … [visit site to read more]
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Переслать - Quicksilver Target Adjusted Lower
We are maintaining our Buy recommendation on Quicksilver Resources, Inc. (KWK) but decreasing our target price to $40 from $42 per share. The company'’s growth story remains strong and with the recent accretive Alliance acquisition, the company looks to further increase its growth prospects in the prolific Barnett Shale.
The Texas Barnett Shale play now represents over 5.5 Tcfe of low risk reserve potential for KWK. The near 45% pullback since mid-July in the company's … [visit site to read more]
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Переслать - Stick With Commodity-Based Plays
Investors looking to strengthen their portfolios can do much worse than picking up holdings in choice commodity-based companies. We have chosen to consider some companies outside the oil, gas, gold and coal industries with Zacks senior equities analyst Paul Raman, CFA.
What'’s one of your top commodity-driven Buy recommendations at this time?
Potash Corp. of Saskatchewan (POT) is the world'’s leading producer of potash and the … [visit site to read more]
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Переслать - The United States Loads Up For Tuesday's China Trade Talks
Representatives from the United States and China will meet Tuesday at the Richard Nixon Presidential Library in Yorba Linda, California, to discuss a full docket of trade issues that will no doubt include China's massive trade surplus, the appreciation of the yuan, and a possible lawsuit over export restrictions.
The meeting is part of the U.S.-China Joint Commission on Commerce and Trade (JCCT), which is celebrating its 25th anniversary. U.S. Secretary of Commerce Carlos Gutierrez and … [visit site to read more]
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Переслать - Dollar Very Overbought, Gold Very Oversold
Gold was down again yesterday and fell to new 11 month lows at $742. Gold recovered in afterhours electronic trading and in Asian and early European trading today it has risen to over $755/oz. The dollar has fallen from recent highs against the euro of 1.3879 to less than 1.41 and oil has risen again on fears that Hurricane Ike may do more damage than expected to oil production facilities in the Gulf of Mexico.
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Переслать - Stocks Move In Bullish Fashion, Are We There Yet?
There seemed to be two sides to the Market on Thursday. One side you had Lehman (LEH) and Merrill Lynch (MER) the other was everything else. LEH and MER took tremendous hits to their stock prices on Thursdays, no question it was due to their ability to survive as stand alone entities. The other side performed quite well once the initial shock of the mornings trade wore off. There is an overwhelming negative sentiment seen by the II and AAII Bull and … [visit site to read more]
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Переслать - Charting Of The Dow Jones Industrial Average
It sure would be nice to have a continuation move one way or the other, instead of this constant big up, big down choppy environment we're experiencing - these conditions can't last forever so hold tight while we're in them. Let's look at the daily Dow Jones (^DJI) and today's intraday chart (complete with gap fade) for more insights.
Dow Jones Daily:
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Переслать - Daily Forex Trading Commentary: Largest US Trade Deficit Since March 2007
EURO
The euro came off vis-à-vis the U.S. dollar Thursday as the single currency tested bids around the US$ 1.3880 level and was capped around the $1.3995 level. The common currency reached its lowest level since 18 September as traders reduced exposure to currencies with positive interest rate differentials following Reserve Bank of … [visit site to read more]
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Переслать - How Will The Recent Airline Cutbacks Affect AAR?
It's about that time again when earnings season is upon us with some companies reporting their earnings mid-stream.
Our portfolio recommendation AAR Corp. (AIR), which provides products and services to the aviation, aerospace, and defense industries worldwide, will be reporting earnings for their Q1/2009 fiscal year Tuesday September 16, 2008 after the market closes.
What will be interesting to see is how the recent slowdown and cutbacks by the airline industry, and … [visit site to read more]
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Переслать - Indecision And News Flow Creating A Tricky Trading Environment For Friday
Indecision was the name of the game today, with tremendous volatility across the board. With Lehman (LEH)/Bank of America (BAC) news after today’s close, and PPI and retail reports in the morning, investors have a considerable amount of information to digest before Friday’s open. Chart-wise, Thursday’s buying into the close leaves us with a somewhat bullish orientation in most sectors. Given the complexity of news flow, however, traders would be wise to … [visit site to read more]
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Переслать - Charting Of Fossil And S&P Retail Index
Fossil (FOSL) appears is trading in a range on declining volume. Short-term support is at $28 and long-term resistance is at $31. It appears that FOSL is forming a symmetrical triangle within a larger neutral range. A breakout at $32 is considered bullish and a continuation of an uptrend and a breakdown under $28 is considered bearish and signals a reversal. Both actions should accompany high … [visit site to read more]
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Переслать - Congressional Budget Office To Hank Paulson: You Want 'Em, You Take 'Em!
This entire Fanron and Frauddie deal is still bugging at me. So much, yet so little has happened in the past week my head is still spinning. Its like 'whoa, did we just experience two of the largest financial institutions in the world fail amidst a web of potential fraud fail last weekend? Whoa, Whoa!'
I have spoken often about their implicit guaranty, how Treasury does not have the authority to make it explicit and how Paulson's 'announcement' this weekend was just … [visit site to read more]
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Переслать - U.S. Government Scrambling To Find A Buyer for Lehman Brothers
It has been less than a week since the Fed announced Fannie (FNM) & Freddie's (FRE) major bailout. Now officials are busy again trying to salvage Lehman Brothers' (LEH) sinking ship. According to Dealbreaker that broke the news - the New York Federal Reserve and Treasury are scrambling to find a buyer for the New York-based investment firm.
The situation deteriorated further today, after Moody's Investors Service said the … [visit site to read more]
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Переслать - Map: World's Largest Gold Buyers And Producers
Interesting interactive map here of the world’s largest gold buyers and … [visit site to read more]
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Переслать - If It's Such Good News For Lehman And Overall Stock Market, Why Did Lehman Shares Fall?
I’ve long had my doubts about the intellectual capabilities of most equity traders. Thursday’s late market action only reinforces those concerns.
My question is: If the late-breaking Wall Street Journal report highlighted below was such good news for Lehman Brothers (LEH) — and, apparently, the overall equity market, which spiked higher into the close — why did the investment bank’s stock close down 41.8 percent ?
Here’s a little graph I put together … [visit site to read more]
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Переслать - When Too Many People Take The Same Action, The Results Can Be Harmful
There are many activities in life that, while potentially beneficial from the point of view of any one individual, can be harmful to all when they become too popular.
For example, if one person sells a stock because he believes a company’s prospects are deteriorating, his actions may not necessarily have a long-lasting impact on the share price. However, if the majority thinks and acts like that, it can lead to a crash.
Similarly, while it is prudent for companies to guard against being … [visit site to read more]
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Переслать - Opportunities In Domestic And International Hybrid Battery Markets
When it comes to clean energy investments like hybrid batteries, America has fallen behind the international curve. Now Washington needs to get America’s intellectual and industrial leaders down to the same task and make us competitive again.
This week, the Kiplinger Letter told its investor readers about a glass-half-empty proposition: America’s shift away from addiction to foreign oil will yield to dependence on overseas-based cleantech.
“Japanese and Chinese manufacturers are … [visit site to read more]
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Переслать - Technical Analysis: Lehman's An Example Of Why It's Quite Unprofitable To Try To Catch A Falling Knife
Financial company Lehman Brothers (LEH) has been under intense media scrutiny due to the recent price plunge and charges of potential financial instability. Let's look at the chart structure from 2006 to today and see what clues may have been evident, or how you could have managed risk in this stock.
LEH Weekly:
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Переслать - Market Summary: Lehman, Washington Mutual, The Treasury, Ben Bernanke… What's A Trader To Do?
First I want to discuss today's economic and market events, then I will attempt to provide some guidance for going forward with trading.
Lehman (LEH) continued a terrible slide in their stock price today as confidence in the company has all but evaporated completely. Short sellers did not cause Lehman's problems. Lehman caused Lehman's problems. The short sellers in this market have been the most accurate in their market predictions, and of course this is why the SEC … [visit site to read more]
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Переслать - There Are ETFs You Can Use To Hide From The Bear
The markets are ugly, and many exchange traded funds (ETFs) are reflecting that. But as we always say, even as some areas are down, there are other areas that are performing well. You just have to take the time to look.
Jim Wiandt for Index Universe gets started with some ETFs that have so far stood up to the bear. Among them:
- iShares Biotechnology … [visit site to read more]
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Переслать - Pickens Plan: The Future Of Wind Power
T. Boone Pickens, the legendary oil tycoon with the Oklahoma accent, is at it again. And if history tells us anything, Pickens will succeed, again. As the founder and chairman of BP Capital Management, one of the nation's most successful energy-oriented investment funds, and founder of Mesa Power, T Boone Pickens is "blowing" his ventures in a new direction, WIND. Earlier this summer, Pickens unveiled his plan, "Pickens Plan", a renewable energy … [visit site to read more]
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Переслать - The Key To Successful Value Investing
Baltimore, believe it or not is the home to the famous streak.
And I’m not talking about Cal Ripken’s famous run or Johnny Unitas’ mark of 47 straight games with a touchdown pass.
Instead, I’m talking about the investment streak of a life time for Legg Mason’s Bill Miller. His Legg Mason Value Prime (LMVTX) mutual fund beat the S&P 500 (^GSPC) for 15 straight years, making him a legend in the world of value stock … [visit site to read more]
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Переслать - Where's A Less Corrupt Market?
So Bank of America (BOA) is the white knight who will save Lehman (LEH) (ed. note: with whose money?). It looks like Team 1250 let a few friendly folks know beforehand. Macro Man hopes they remembered to ring Bill Gross so he could sell protection on Lehman and ring up another record day.
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Переслать - US Market Closes Higher As Market Speculates Bank Of America Is In Talks With Lehman
Wild day, folks. Retail was being pumped all day, as many analysts are looking forward to a great Christmas season. Whatever. Lehman (LEH) was still the talk of the day, but now they're throwing Washington Mutual (WM) into the mix (trouble ahead). Toward the close the Wall Street Journal cites “sources” that Bank of America (BAC) is possibly in talks to buy Lehman Brothers. Oy vey. The market responded positively, however, … [visit site to read more]
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Переслать - Some Dividend ETFs Are Beating The Markets
Dividend-focused exchange traded funds (ETFs) usually get torn up pretty bad after a bear attack, however, there are some funds that have beat the odds.
Since financial companies usually dominate dividend-paying companies, it is only natural they faltered during the recent housing/credit crisis.
Gary Gordon for ETFExpert says financial stock prices lost 40% of their value (Lehman … [visit site to read more]
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Переслать - Stock Picks And Trade Ideas For Friday - YHOO, GOOG, EBAY
Chart courtesy of stockcharts ( click to enlarge )
Daily chart is showing that EBAY (EBAY) has been in a downtrend since April. The declining 20-day moving average clearly is showing this. The stock has chance to start new rally as K line is … [visit site to read more]
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Переслать - Thursday's Market Recap: Lehman Looks For Buyers, Trade Deficit Grows
Lehman Brothers (LEH) has approached many other major financial firms trying to find a potential buyer for some (or all) of the investment firm. Deutsche Bank AG (DB), Britain's Barclay's Plc, France's BNP Paribas, and Bank of America (BAC) have all been named potential buyers of Lehman, along with a few private equity firms like Bain Capital. Many analysts speculated … [visit site to read more]
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Переслать - Marvel Entertainment Holding Up Well In Turbulent Markets
It’s been a hum-drum year for the Entertainment business as the US economy sputters along, dealing with high oil, housing prices, unemployment and inflation. Even though the big Summer Box Office totals were in line with records set last year, the higher average ticket price was what kept up the pace. There’s only so much a Man of Iron and a Dark Knight can do!
One company that has gone against the trend this year has been Marvel Entertainment … [visit site to read more]
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Переслать - 7 Reasons To Be Bullish
NEWS: Another wild ride on Wall Street, this time it ended with a gain after being down as much as 170 points. When the closing bell rang the Dow had a gain of 164 points or 1.5%. The S&P 500 added 17 points or 1.4%. The NASDAQ gained 29 points or 1.3%. The small and mid-cap stocks struggled for gains as the Russell 2000 only gained 0.3%.
THE BOTTOMLINE: The Dow opened lower by over 1% before rallying for a gain of 100 points by early afternoon. Before … [visit site to read more]
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Переслать - When Emerging Markets Turn, One ETF Could Be Worth Watching
Emerging market exchange traded funds (ETFs) haven't been anyone's darling lately, but there will come a time when they make a turnaround, and it could wind up even being more robust than our own turnaround.
For exposure to emerging markets, why not look into PowerShares Emerging Markets Sovereign Debt Portfolio (PCY).It was launched last October, and has behaved according to the recent roll out of emerging markets.
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Переслать - Today's Breakouts & Breakdowns
Republic Airways (RJET) broke out on one of my favorite patterns where the white candle slightly exceeds the high of the previous white candle. RJET broke out from $11 resistance, but on lower volume. Also notice that RJET is forming a higher low, a bullish sign. The further decline in oil will fuel this one to new short-term highs. I'll add this to my watch tomorrow.
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Переслать - Weekly Update: New Energy Global Innovation Index (NEX)
Although a couple of days later than usual, here is my weekly update for the Wilderhill New Energy Global Innovation Index - NEX. This index is the target index for the PowerShares Global Clean Energy Fund ETF (PBD). The NEX includes clean and renewable energy companies from over 20 countries divided into 7 sectors. The index takes a balanced approach to component ratings with no stock having more than about a 2% weighting.
For the week ending last Friday the NEX lost … [visit site to read more]
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Переслать - Will Bank Of America Buy Lehman?
It's hard to believe 7 years have passed since that sad day. But so it has.
It was another strange day to say the least. Market internals reveal terrible breadth despite the headline index numbers. But a late day rumor suggested Bank of America (bac) will buy Lehman (LEH) or maybe just a piece like Neuberger Berman. That accounted for the big time stick save in the last half hour. As I go to post this, another rumor is circulating of an imminent … [visit site to read more]
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Переслать - Strong International Exposure: Dampened By Strong Dollar?
You know, it is kind of funny if you look back to last year, almost anyone who was bullish on a stock would be able to cite strong international growth as a key driver going forward. Rightfully so, given the turmoil that was about to unravel within the United States credit and housing market, people needed to make sure their stocks would be able to weather a significant downturn in US corporate and consumer spending. Subscribing to the theory of international markets decoupling from US markets, … [visit site to read more]
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Переслать - Despite Economic Uncertainty PC Demand Remains Strong
IDC reports that despite economic headwinds in both advanced economies and emerging regions, the PC market continues to show resilience. Analysis indicates that the accelerating number of consumers transitioning from desktop PCs to notebooks is having a direct impact in the industry in terms of growth projections. According to IDC's Worldwide Quarterly PC Tracker, increased competition in the low end of the Portables market combined with recent shipment volume, suggests solid growth for the … [visit site to read more]
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Переслать - Mortgage Rates Fall By .70% In 7 Weeks
visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Why Are Freddie And Fannie CEO's Receiving Compensation Instead Of Being Held Accountable?
Normally I find most arguments against a particular CEO’s compensation to be knee-jerk and populist as it seems to be more about a visceral reaction to the amount then the value delivered to shareholders, after all it’s rare that someone expresses the compensation as a % of value delivered. This is not to say that some pay packages aren’t ridiculous just noting where I think certain arguments come from; regardless it’s up to the shareholders to police it not the … [visit site to read more]
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- Why Are Freddie And Fannie CEO's Receiving Compensation Instead Of Being Held Accountable?
- iShares Biotechnology … [visit site to read more]
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