| rss2email.ru | На что подписаться? | Управление подпиской |
 Daily MarketsYour Views Make News http://www.dailymarkets.com рекомендовать друзьям >> |
- How IndexIQ Intends To Tackle ETF Market
As senior advisor and advisory board member at IndexIQ, Paul Mazzilli is bringing unparalleled expertise about the world of exchange traded funds (ETFs).
He got his start with ETFs in the early 1990s. “I know as much as anyone - all the players, all the products and I know quite a few financial advisors.”
At IndexIQ, he’ll be taking his knowledge of products and markets and what advisors are looking to do and use it to help launch ETFs as well as design forthcoming funds. IndexIQ … [visit site to read more]
Переслать - List Of Merger Arbitrages For 2009
My assumption is that successful merger arbitrages will be hard to come by in 2009. Quite simply because banks are unwilling to finance deals, companies are less willing to use their own cash and takeover prices will be reassessed and most obviously, there is too much uncertainty..
Take a look at Puget Energy (PSD) and the 10% spread remaining. The risk of the deal failing is minuscule. Odds of 9-1 in my favor, yet the market is scared of something.
So this IS the good news. These … [visit site to read more]
Переслать - Caveats For US Consumer Staples
During 2008, the food, beverage and tobacco industries outperformed the S&P 500 (^GSPC) . Compared to the S&P 500’s decline of 37.0%, brewers increased 39.4% (due to the takeover of Anheuser Busch (BUD) by InBev), tobacco companies declined 22.3%, food companies declined 24.4%, and the soft drink group declined 28.5%. In addition, the personal and household product companies declined 26.5%.
The Consumer Staples sector began outperforming in April 2006, discounting the … [visit site to read more]
Переслать - Two Bright Spots In The Economic Darkness
Since there’s all of the bad news being pumped out there daily by the media…I thought it might be refreshing to talk about two of the bright spots that just came over the horizon.
If you are a regular reader of my blog, then you are aware of some of the signs of a strong company (even if you don’t know how to read balance sheets).
One of those signs was to look for companies that feel strongly enough about their own financial situation in this environment that they can purchase another … [visit site to read more]
Переслать - 2008 US Job Losses Most In 64 Years, Unemployment Rate Surges To 7.2%
The U.S. unemployment rate rose to 7.2% in December, an indication that the recession intensified and will no doubt drag on well into the new year as consumers and businesses continue to cut back.
The U.S. economy lost 2.6 million jobs last year, the most since World War II ended in 1945, the Labor Department reported today (Friday). Nearly two million of those losses came in the final four months of the year, and 524,000 jobs were shed in December alone.
Factory payrolls shrank by … [visit site to read more]
Переслать - Forex Trading: USD/CHF Stays Supported But Remains In Between Support And Resistance
The USD/CHF moved convincingly above the 100 hour moving average today (Friday) on the back of the USD buying. The pair broke through the level at the 1.1053 price. The level was not tested since. The high for the day has reached 1.1188.
Taking a look at the daily chart, the pair remains above the 200 day MA which comes in currently at the 1.0881 level, but below the 100 day MA at the 1.1387. As a result, the longer term picture is more mixed than anything.
The strategy … [visit site to read more]
Переслать - US Stock Market Recap: Rise In Unemployment Rate Drags Stocks Down
The markets attempted to rally multiple times during the day, but when the bell sounded they closed below their already lower opening levels. The Dow Jones Industrial Average (^DJI) closed down -1.64% to 8.599.18 while the S&P (^GSPC) and Nasdaq (^IXIC) both closed down -2.13% and -2.81% respectively to levels of 890.35 and 1,571.59. The reasoning behind the big down day was the largest monthly and yearly drop in jobs in the United States. During December of 2008, the United … [visit site to read more]
Переслать - Fading The Hype In Municipal Bonds
Many analysts and investors still haven’t quite figured out that just because the spread between municipal and Treasury bond yields is relatively wide, that doesn’t mean municipal bonds are a “buy.”
Instead, it largely reflects the fact that municipal finances are in a shambles and, because of still-deteriorating fundamentals, they are headed further south (even if, as many expect, revenue-strapped state and local governments are set to join Washington’s bailout parade).
Still, it … [visit site to read more]
Переслать - He Makes Bush Look Smart
IWhen I saw the following Associated Press report, “Cheney Says No One Saw Financial Crisis Coming,” the words just popped into my head: He makes his clueless, soon-to-be-ex-boss look smart.
Vice President Dick Cheney says that his boss, President George W. Bush, has no need to apologize to the American people for not doing more to head off the financial calamity, saying no one saw the crisis coming.During an interview Thursday with The Associated Press in his West Wing office, … [visit site to read more]
Переслать - Pimco CEO Mohammed El-Erian's Latest Advice
Mohammed El-Erian, PIMCO’s man about the media and their Chief Executive recently penned an opinion piece for the Financial Times. He states three positions based upon the premise that “every official action must trigger investor reaction”.
Here are his points:
1. The perception of a level playing field for markets is giving way to “the more random influence of discretionary decisions”.
2. Governments and others in financial prominence do “not have the luxury of a master plan”. … [visit site to read more]
Переслать - How To Build A Retirement Portfolio With ETFs
Exchange traded funds (ETFs) have yet to fully ingratiate themselves into the retirement plan market, but the recent meltdown with the markets and mutual funds may provide the necessary entry point for these funds to get their big break.
While investors wait for full implementation, though, there are ways to build your own retirement portfolio while using ETFs. By buying and holding an ETF, if that’s what you’d like to do, it’s one of the cost-effective ways of using them because … [visit site to read more]
Переслать - Chart Of The Day
I’m not sure what to say about … [visit site to read more]
Переслать - 4 Reasons To Watch Pharmaceutical ETFs This Year
One of the best performing stock-based exchange traded fund (ETF) segments for the year 2008 was pharmaceuticals, a sub-segment of the health care industry, and there are brighter prospects for the sector in 2009.
In 2009, Damien Conover for Morningstar says that he expects pharma to perform well for a few reasons:
New drugs could gain traction this year
Major patent expirations in 2011 have been factored in, for the most part
There are some blockbuster approvals potentially … [visit site to read more]Переслать - What The Conflict In Gaza Means For The Financial Markets
The combat currently going on in Gaza involving Israel and Hamas could have profound effects on the financial markets. Let’s take a look at the situation.
Where We Currently Stand
Egypt and France are leading the way to broker a truce between Israel and Hamas. Egypt’s ambassador to the UN, Mr. Maged Abdelaziz said peace talks could begin in Cairo today (January 8, 2009). French President Nicolas Sarkozy has said Israel has accepted the ceasefire plan. And in what could be a step towards a … [visit site to read more]
Переслать - Dealing With Ermflation
“Calm down, dear, it’s only a recession.”
- A message on Michael Winner’s T-shirt, sported while in Barbados. (Hat tip to Money Week.)
In 'Alice Through The Looking Glass’, the White Queen admits that she has sometimes believed as many as six impossible things before breakfast. She would be at home in today’s markets. Last week, pornographers Larry Flynt and Joe Francis lobbied Congress for a $5 billion bailout in line with that sought by the auto sector. “As long as the … [visit site to read more]Переслать - McDonald's: A Growth & Income Buy
McDonald’s Corp. (MCD) continues to lead the industry in several areas. The fast food giant’s ROE of 29% nearly triples the industry average of 10%, while MCD’s net profit margin of 19% sits high above the industry average of 2%. The company’s fourth-quarter report is scheduled for release on Jan 26.
Company Description
McDonald’s is a well-known fast food chain with more than 30,000 local restaurants serving 52 million people in more than 100 countries each day. More than 70% of … [visit site to read more]
Переслать - The Great Year-End Jobs Blowout In The US
1.1 Million Gone in Only 60 Days…
In December, no less than 693,000 US jobs disappeared from the private non-farm payrolls, a dramatic and disturbing increase from the 476,000 jobs lost in November. More than one million unemployed persons in two months would cripple most countries and throw them into a major depression, but even in a nation of 300 million persons this is a disturbingly large increase.
The decline was the worst in the history of the monthly ADP Employer Services survey, … [visit site to read more]
Переслать - Chevron Adjusting Downward
After the market close yesterday (Thursday), Chevron (CVX) provided a weaker-than-expected preliminary update for the fourth quarter of 2008. The update, which covers the first two months of the quarter, provides for below-guidance production of crude oil and natural gas and price realizations that are below benchmark levels.
Realized margins in the downstream business were in line with benchmark levels, while throughput levels were as per guidance. The company also indicated that … [visit site to read more]
Переслать - Mosaic Feeds On Higher Prices, Outlook Grim
Mosaic is one of the world’s largest providers of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. The Mosaic Company (MOS) announced today net earnings of $959.8 million, or $2.15 per diluted share, for the second quarter ended November 30, 2008. These results compare with net earnings of $394.0 million, or $0.89 per share, for the second quarter ended November 30, 2007.
Analysts surveyed by Thomson Reuters estimated earnings of $1.43 a … [visit site to read more]
Переслать - Interesting Elliott Wave Count In Feeder Cattle
I know - who trades Feeder Cattle? While browsing various commodities, I came across what appeared to be a rather ideal example of the Elliott Wave principle playing out in @FC Feeder Cattle futures contracts and I wanted to show you the pattern - if you want, you can pretend it’s a stock or index that is setting up this pattern.
Feeder Cattle Daily Futures Contract:
You can click for a larger image. And I also want to note that the circled “1″ and “2″ may also be … [visit site to read more]
Переслать - Video: Verizon Completes Its $5.9 Billion Acquisition Of Alltel
Verizon wireless officialy became the nation’s largest mobile carrier today as it finally completed its $5.9 billion takeover of Alltel wireless. … [visit site to read more]
Переслать - Video: Oil Prices Trade Below $40
Front month crude oil prices traded below $40 for the first time in 2009 this session as poor US economic data continued to steer investors away from the energy markets. … [visit site to read more]
Переслать - Video: India's Sensex Shaken By Satyam Scandal
Most of the major Asian/Pacific markets managed to post losses once again this session but India’s BSE Sensex stood out as the Satyam scandal lead to heavy declines. … [visit site to read more]
Переслать - Video: Employment Data Hits Stocks
The economy shed 524,000 jobs last month and the unemployment rate jumps to 7.2%, taking a toll on the market. … [visit site to read more]
Переслать - Video: Jobs Numbers Not Surprising
The reaction to the employment data was already built into the markets, says James McGuire Jr., of Christopher J. Forbes. One of the reasons why you’re not seeing a major sell-off. … [visit site to read more]
Переслать - Video: Money Markets Unchanged On Mixed Economic Data
For the most part, the major money markets remained unchanged this session as mixed data from both the euro-zone and US led to high volumes with balanced results. … [visit site to read more]
Переслать - Some Software Companies Still Seeing Growth
Despite the pullback in overall business spending, 2009 earnings estimates for several software companies are being revised up. The overriding theme among the beneficiaries of the raised forecasts is cost-savings and/or enhanced productivity.
In other words, brokerage analysts believe those software companies that can help customers control costs and improve efficiency should be able to weather the current economic storm. These companies include Red Hat (RHT), ArcSight (ARST), Progress … [visit site to read more]Переслать - Forex Trading: EUR/USD Targets Retracement Support
The break of the 100 hour moving average and 100 day moving average at the 1.3590 area by the EUR/USD this morning has led to sharply lower levels today. The pair has since moved below the midpoint of the last move higher at the 1.3524 level with a low of 1.3469, and looks poised to target the 61.8% retracement level next. That level comes in at the 1.3242.
I would like to see the price action stay below the lows from yesterday to keep the pressure on the pair. That … [visit site to read more]
Переслать - Video: Schlumberger Cuts Workers As Oil Demand & Prices Slide
The world’s largest oil field services provider Schlumberger (SBL) announced today that it will cut about 5% of its workforce as low oil prices and demand has hurt their services. … [visit site to read more]
Переслать - Forex Trading: GBP/JPY Comes Under Pressure And Breaks Below Support
The GBP/JPY has moved back below the 100 hour MA at the 138.48 level. The next key support comes in at the 137.25 level. This has been low today and the low yesterday.
The move lower in the GBP/JPY also corresponds with a decline in the GBP/USD. The pair is now down on the day once again (went down in London trade). Overall, the pairs decline has been modest (compared with the EUR/USD at least), but it looks as if the string of up days for the pair (4 days up with higher … [visit site to read more]
Переслать - A Quick Glance At The SDS - 2X Short S&P 500
I wanted to show you quickly the structure of the SDS (SDS) (Ultra-Short S&P 500 ETF) to point out an interesting structure and also see how the price compares to that of the S&P 500 (^GSPC).
SDS Daily Chart:
For newer traders, the SDS is a fund that essentially is “Double Short” the S&P 500 and is frequently used in retirement accounts or by traders/funds who are prohibited (or uncomfortable) from shorting stocks. It can be an alternative to “Going into Cash” but … [visit site to read more]
Переслать - The Next Big Question: Is The U.S. Solvent?
There will, before long (my best guess is between two and five years from now) be a global dumping of US dollar assets, including US government assets. Old habits die hard. The US dollar and US Treasury bills and bonds are still viewed as a safe haven by many. But learning takes place. -Telegraph 1/6/09
That quote comes courtesy of Professor Willem Buiter of the London School of Economics. As you know, little comes from the world of academic economics that I agree with. We have an exception … [visit site to read more]Переслать - 'Bad Country' Needed, Not 'Bad Bank'
Our great UK leader, Gordon Brown, has admitted yesterday to thinking about creating a ‘Bad bank.’ Along the lines of the original US TARP model, this would buy the worthless assets (can you spot the problem with this idea yet?) from UK Banks, which would relieve their balance sheets and so enable them to lend and end the credit crisis.
Genius, ain’t it?
However, this is such a good idea that we should think much bigger instead. What the world needs is a bad country that ‘buys’ all … [visit site to read more]
Переслать - US Unemployment Hits 7.2% - 16-Year High
The U.S lost 524,000 jobs in December, roughly inline with forecasts. November’s nonfarm payrolls loss was revised up to 584,000 from 533,000.
The unemployment rate jumped to 7.2% from 6.8% last month. The unemployment rate is at a 15-year high.
What the numbers don’t show is the number of people who are underemployed. Many job-seekers are settling for large cuts in pay because of a lack of suitable jobs. And none of this even factors in the likelihood of even more … [visit site to read more]
Переслать - Dividend Cuts - The Worst Nightmare For Dividend Investors
Some fellow investors argue that a dividend cut might not necessarily be a bad event, since management shows proactive steps in order to conserve cash until the company situation turns better. Furthermore, if many companies cut their dividend, which was the occasion during The Great Depression, I would be selling at low prices which would never again be seen for decades to come. Since markets could overshoot higher or lower on positive or negative news, selling right after the bad news of … [visit site to read more]
Переслать - Forex Trading: USD/CHF Moves Through 100-Hour Moving Average
The level comes in at 1.1050. Stops triggered above the level. The level should act as support … [visit site to read more]
Переслать - Blue Christmas For US Retailers As Slumping Economy Hammers Sales
Retail stores confirmed yesterday (Thursday) what most analysts had already suspected - the Grinch stole Christmas.
The huge discount programs big retailers devised to bolster sales failed to attract enough consumers to save the holiday season.
Even bellwhether Wal-Mart Stores Inc. (WMT), which had managed to dodge the cold winds of recession over the past year, was clobbered by the economic meltdown.
The discount retailer missed big on its December same-store sales numbers. And … [visit site to read more]Переслать - US Non-Farm Payrolls As Expected But Unemployment Rate Higher Than Expected
NFP: 524K versus 520K Expected
Unemployment Rate: 7.2% Versus 7.0% expectedPrior month revised higher to 584K from 533K. October was also revised higher to -423k from -320K.
Total jobs lost in 2008 totaled 2,589K. During the 2001 to 2003 job recession, the total jobs lost was 2.708 Million but this was over 30 months. This job recession is only 12 months to date.
Manufacturing lost -149K jobs which is higher than expectations.
Construction lost -101K jobs
Financial … [visit site to read more]Переслать - Do You Really Think Pimco's Gross Didn't Know That?
Today Bloomberg is running a piece that is proclaiming that Bill Gross is a genius for not accepting the Debt Swap on GMAC bonds. He didn’t accept the debt swap and as a result, when the US government accepted GMAC as a federally backed bank, his bonds soared in value. Others took $.60 on the dollar, as they feared that the government would let them go into bankruptcy. Yesterday, I posted an article about conflicts of interest with money managers, specifically the fact that four … [visit site to read more]
Переслать - US Unemployment Is Really 13%
The BLS kindly puts this chart in at the bottom of the release. The headline number is 7.2%, but when you factor in the discouraged workers, the marginally attached workers (those who were looking, but really just gave up…), you can see that the numbers are really closer to 13.5% instead of … [visit site to read more]
Переслать - A History Lesson
Having grown up in the United States but spent virtually all of his adult life outside the land of his birth, Macro Man has had the opportunity to observe different theories of education at close quarters. Indeed, with two children in school, he is now at the coal-face, so to speak; in the UK his kids have been taught cursive handwriting at an age when he himself was doing colouring in pre-school.
What has always struck him as peculiar about the UK educational system is the degree of … [visit site to read more]
Переслать - Global Investing Roundup: Walgreen, Boeing, Ameritrade, Lenovo
German Gov’t Takes 25% Bank Stake; Walgreen Cutting 1,000 Jobs; Boeing Orders Fall 53%, TD Ameritrade Acquires thinkorswim; Gas Dispute Continues; BOE Cuts Rates; Lenovo Sheds Jobs; Crude Down Again
Germany’s government will take a 25% stake in its second-largest bank, Commerzbank AG (CRZBY.PK). The 10 million euro ($13.7 billion) investment comes as Commerzbank is completing its acquisition of Dresdner Bank from Allianz SE (AZ), Bloomberg reported.
Walgreen Co. (WAG) said … [visit site to read more]
Переслать - Obama's Stimulus Plan: When Is There "Too Much" Stimulus?
The Congressional Budget Office’s announcement Wednesday that 2009’s budget deficit was going to be $1.19 trillion - before a nickel of President-elect Barack Obama’s stimulus plan has been included - raises a crucial question for the U.S. economy: Is there too much stimulus, and what effect would too much stimulus have? … [visit site to read more]
Переслать - Weekly Release Of Federal Reserve Balances
The Federal Reserve released Thursday the factors affecting reserve balances of Depository Institutions. Total assets decreased this week by $125,540 billion to $2.14 trillion. As can be seen from the chart, the Fed’s total assets rose rather steadily through fiscal '07, consisting mainly of U.S. Treasuries. In fiscal '08 however, many of these securities were replaced by other assets, such as those in the Term Auction Facility, Repos and other assets.
Total assets started spiking … [visit site to read more]
Переслать - Video: Boeing Deliveries And Orders Fall
Economic downturn hit Boeing as fewer airliners put in orders in 2008. … [visit site to read more]
Переслать - Video: Pre Market: Employment Data
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Переслать - Not Even Wal-Mart Is Spared
If Wal-Mart (WMT) is the “canary in the coalmine” regarding holiday retail sales this past year, the air’s not looking too good down there. The mega-retailer has cut its 4th quarter earnings guidance following dismal 2008 holiday shopping season results.
Other retailers, such as The Limited (LTD) and The Gap (GPS) also have reduced their outlooks, but Wal-Mart had been widely regarded as one company that would be able to retain at least a modicum of success during the very … [visit site to read more]
Переслать - CMBS Delinquencies Rise: Bailout Donald Trump Or Joe The Plumber?
Remember back to the heady days of late 2007 when all was warm and cozy inside the real estate bubble and then out of nowhere the floor dropped out? Well, a precursor to the drop was a rise in delinquency rates on residential real estate loans. The Federal Reserve has kept tabs on delinquency data since 1991, the last time a real estate bubble caused a recession. Can anyone say Keating Five?
The above chart illustrates that in the latter half of 2007 the delinquency rates on … [visit site to read more]
Переслать - Microsoft's Search Strategy: More Money Less Problems
While Apple (AAPL) CEO Steve Jobs took a backseat this January it presented Microsoft (MSFT) head Steve Ballmer with a chance to speak at CES and present Microsoft’s vision for not only renewed hope on its Operating System and Mobile front, where it’s losing share to Apple, but also in Search, where it heavily trails juggernaut Google (GOOG).
While Microsoft has long tried to make inroads into Search, the company’s approach has been the Biggie Smalls to Google’s Puffy: “Mo’ … [visit site to read more]
Переслать - Sears: Perfect Confluence Trade Set-up
While browsing charts this morning, I came across probably the most perfect trade set-up ever - which may be an exaggeration, but I did want to highlight a bull flag into triple-confluence support which preceded an explosive move to the upside. Let’s see it and how it played out.
SHLD (SHLD) (Sears Holdings) 60-min Chart:
We have a persistent downtrend going into 2009 but price formed a positive momentum divergence on Dec 29 which preceded a stronger than expected counter-swing … [visit site to read more]
Переслать - Are Treasuries, ETFs In A Bubble After All?
Persistent talk of a bubble is hovering over the Treasury market and related exchange traded funds (ETFs), and like all bubbles, it must burst at some point in time. Is the Treasury rally nearing an end anytime soon, though?
Even though yields are near all-time lows, it is still too early to tell if the Treasury bubble is about to burst. Some of the better-performing ETFs tracking this market have had down days. Rob Viglione for Seeking Alpha points out that the VIX volatility index … [visit site to read more]
Переслать - Were 700,000 Jobs Lost In December?
Rumors are flying around everywhere. Traders and investors alike are pondering tomorrow’s employment report. Some are looking for 600,000 to even 700,000 jobs to be lost. While others like Bloomberg’s economists are forecasting a more conservative 515,000 jobs lost (down from 533,000 the previous month).
So why all of the huge speculation to the upside? Yesterday’s ADP (Automatic Data Processing’s) Non-Farm Employment report - that’s why.
You see, Automatic Data Processing provides … [visit site to read more]
Переслать - US Stock Market: Poor Sales From Wal-Mart Pull Dow Slightly Down
Another trading day with the Dow Jones Industrial Average (^DJI) in the red as it lost 27 points or -0.31% as poor sales data and a shock from Wal-Mart (WMT) hit the index hard. The Nasdaq composite index (^IXIC) was up 1.12% ending the day at 1617 points. The S&P 500 index (^GSPC) also ended the day up 38 basis points. The Russell 2000 index (^RUT) was down 4.9 points or 0.99%, signifying a poor day for the blue chips as the small cap companies held their ground.
Energy … [visit site to read more]
Переслать - One Way To Get Oil ETF Exposure, Minus Volatility
The rapid volatility in oil has once again drummed up interest in the energy sector and the exchange traded funds (ETFs) that follow the commodity.
While closing down today at $41.70 a barrel, oil has rallied 23.1% from its Dec. 19 low of $33.87 a barrel.Many analysts suggest that the rebound in the energy sector has been caused by the value-oriented types taking advantage of the sharp selloff in those shares at the end of the year and the rapid pullback in capital expenditures by … [visit site to read more]
Переслать - If There's Life After Steel In Pittsburgh, There's Hope For Detroit
PITTSBURGH (NY TIMES) - This is what life in one American city looks like after an industrial collapse: Unemployment is 5.5%, far below the national average (see chart above). While housing prices sank nearly everywhere in the last year, they rose here. Wages are also up. Foreclosures are comparatively uncommon.
A generation ago, the steel industry that built Pittsburgh and still dominated its economy entered its death throes. In the early 1980s, the city was being talked about … [visit site to read more]
Переслать - US Retailers Already Cutting Prices For Spring
Continuing on the topic of retail, here is another story from the WSJ discussing how many retailers are already slashing the prices on spring merchandise.
From the WSJ:
“Worried that consumers won’t go back to paying full price after the holiday season’s deep discounts, some retailers are cutting prices on early spring merchandise as soon as it hits store shelves.The deals on fresh goods suggest that retail profit margins will remain under pressure in the first half of the year. … [visit site to read more]
Переслать
Такси Аvenue Blanche - комфортно, надежно, быстро, солидно, безопасно. Тел.: 9 888 999
| rss2email.ru | отписаться: http://www.rss2email.ru/unsubscribe.asp?c=35890&u=233003&r=887869927 управлять всей подпиской: http://www.rss2email.ru/manage.asp |
No comments:
Post a Comment