Best Stocks to Watch july 11 2011 - best stock to buy july 11 2011 : - U.S. stocks dropped on Friday and the Nasdaq looked to end an eight-day winning streak as a weak jobs report dashed hopes the economy was emerging from a soft patch, though the start of earnings season next week kept investors engaged.
U.S. employers hired a mere 18,000 workers in June, the Labor Department said, the fewest number in nine months and far below economists' expectations for a gain of 90,000. The unemployment rate rose unexpectedly in June to 9.2 percent, the highest since December, from 9.1 percent in May.
Stock Market Investing Ideas for july 11 2011
Local.com Corp. (LOCM) - Local.com Corp. (LOCM) surged on Friday due to a deal with Google Inc. (GOOG). LOCM will have resistance around $4.23 next week.
Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG failed in the high $6's this week and may be headed back under $6.00. KOG is a buy at below $5.50 from here on out. Discuss KOG
Samson Oil & Gas Limited (SSN) - SSN has been all over the place lately. SSN will have resistance located at $3.00. SSN is a buy below $2.70.
Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG seems to have found support in the low $3's. PZG will have resistance located at $3.50. PZG is a buy below $2.80.
American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back below $30. AIG will have resistance at $31.79. AIG has support located at $28.
Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) stock is back above $2.15. Sirius XM Radio will now have support at $1.90. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.50.
Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now back trading above $45. Las Vegas Sands Corp will have resistance located at $47. Las Vegas Sands (LVS) is a buy below $36 for a swing trade.
Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading above $4.00. The next major resistance level for Dryships is located at $4.27. Drys has support at $3.50.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) pulled back to $26 on Friday. FAS will have support located at $25 and resistance located at $28.35. FAS is a strong buy below $22 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.
Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) continues to trade below $30. Research in Motion (RIMM) will now have support located at $27. Research in Motion (RIMM) will have resistance up at $30.23.
Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) failed at $16 on Friday. CSCO will have resistance around $16.04 now. Cisco Systems (CSCO) will have support down around $15.30. Cisco Systems is a strong buy below $17 for the long term. This stock will eventually come back with some patience.
Stocks to Watch for Daytrading
Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)
Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) is back in an uptrend. AMZN will hit resistance at $220. Pullbacks below $180 are a buy.
Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) is trading in the $2.50's now. Level 3 Communications will have resistance located at $3.00.
Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) hit a new 52 week high above $297 on Thursday. Netflix Inc (NFLX) will have resistance located at $300 going forward. Netflix has support located at $275. Netflix Inc (NFLX) is a buy on pullbacks below $220.
Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is testing $150 again. Baidu Inc will have resistance up at $150 & $157. Baidu has support located at $110. If Baidu Inc. (BIDU) ever falls below $105, I would start buying back.
Oracle Corp (ORCL) - Oracle Corp (ORCL) is trading back above $33. ORCL will now have resistance located at $34.
E-Commerce China Dangdang Inc. (DANG) - E-Commerce China Dangdang Inc. (DANG) continues to recover off the lows. DANG will have support located at $12.
Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) is now trading around $7.00. Advanced Micro Devices Inc. will now have resistance located at $8.95. AMD will have support down at $6.50.
Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back above $130. Goldman Sachs (GS) will now face resistance around $135-$140. Goldman Sachs (GS) has support between $120-$125.
Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back trading near $58. Potash Corp will have resistance located at $60. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $50.
Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is trading near $55. FCX is a buy below $50, strong buy below $45
SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) is now testing $43. SNDK will have resistance around $45.
Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - Allied Irish Banks plc (AIB) & Bank of Ireland (IRE) continue to be active and worth watching.
Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) broke support last week and is now trading around $1.40. Cell Therapeutics will have support located at $1.50 now. CTIC will have resistance up at $1.90.
Akamai Technologies Inc. (AKAM) - Akamai Technologies Inc. (AKAM) is now trading above $31. AKAM is in a nasty downtrend but I think we could see a bounce between $33-$35 at some point this summer. AKAM will have resistance located at $32.
Whole Foods Market, Inc. (WFM) (WFMI) - Whole Foods Market (WFM) is back trading above $60. WFM will have resistance up at $67.
Saturday, July 9, 2011
indian stock market prediction Weekly july 11 2011
indian stock market prediction Weekly july 11 2011 ; Weekly planetary position: During the week, Moon will be transiting in Scorpio & Sagittarius. Sun & Venus in Gemini. Mars & Ketu in Taurus. Mercury in Cancer. Jupiter in Aries. Rahu in Scorpio. Pluto in Sagittarius. Saturn in Virgo. Neptune in Aquarius.
As predicted last week, sugar sector will continue to get very strong astrological support. Buy Shree Renuka Sugar, Balrampur Chinni, Dhampur Sugar, Eid Parry & Jeypore sugar on dips. Last week shree Renuka Sugar & Jeypore Sugar went up by 15%.
Financial sector will also continue to receive very strong astrological support. BUY PFC, DCB, SBI, M&M FINANCIALS, CANARA BANK, KOTAK BANK ETC ON DIPS.
Auto sector shall also be getting astrological support. Buy Mahindra & Mahindra, Tata Motor Dvr & Tata Motor.Other sectors which will be receiving astro support are leather, plastic & PERSONAL CARE. BUY Bata, Neelkamal Plastics & Marico On Decline.
Due to uncomfortable Planetary position of Lord RAHU, in INDIA’S horoscope, disturbing news flow will continue. Now from 6th June 2011, with change in position by Lord Rahu from Sagittarius to Scorpio, the position of the government will be highly uncomfortable for next 4 months.
Prediction: All scrupulous deals in land / property would be unearthed & the persons connected with such deals in all spheres shall be exposed, during the period of planet Rahu in Scorpio.
New Samvat 2068 (Hindu New Year) have started from 4th April 2011. Whenever New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last Samvat start under performing.
It has been observed many times that investors / traders (not knowing this fact) keep investing /trading in such sectors,( whose astrological support is over) – resulting in losses. It is suggested to consult your Financial Astrologer to know about the sectors.
One should trade only in the stocks of that sectors which are getting very strong astrologically support, since the chances of losing money in such stocks are very less.
Sectors which get strong ASTRO support are not normally affected by downfall in the market.
Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. source www.moneycontrol.com...
As predicted last week, sugar sector will continue to get very strong astrological support. Buy Shree Renuka Sugar, Balrampur Chinni, Dhampur Sugar, Eid Parry & Jeypore sugar on dips. Last week shree Renuka Sugar & Jeypore Sugar went up by 15%.
Financial sector will also continue to receive very strong astrological support. BUY PFC, DCB, SBI, M&M FINANCIALS, CANARA BANK, KOTAK BANK ETC ON DIPS.
Auto sector shall also be getting astrological support. Buy Mahindra & Mahindra, Tata Motor Dvr & Tata Motor.Other sectors which will be receiving astro support are leather, plastic & PERSONAL CARE. BUY Bata, Neelkamal Plastics & Marico On Decline.
Due to uncomfortable Planetary position of Lord RAHU, in INDIA’S horoscope, disturbing news flow will continue. Now from 6th June 2011, with change in position by Lord Rahu from Sagittarius to Scorpio, the position of the government will be highly uncomfortable for next 4 months.
Prediction: All scrupulous deals in land / property would be unearthed & the persons connected with such deals in all spheres shall be exposed, during the period of planet Rahu in Scorpio.
New Samvat 2068 (Hindu New Year) have started from 4th April 2011. Whenever New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last Samvat start under performing.
It has been observed many times that investors / traders (not knowing this fact) keep investing /trading in such sectors,( whose astrological support is over) – resulting in losses. It is suggested to consult your Financial Astrologer to know about the sectors.
One should trade only in the stocks of that sectors which are getting very strong astrologically support, since the chances of losing money in such stocks are very less.
Sectors which get strong ASTRO support are not normally affected by downfall in the market.
Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. source www.moneycontrol.com...
Market volatility prediction to continue through summer
Market volatility prediction to continue through summer : Complacency rarely pays. It's a lesson many investors have learned the hard way so, heading into a summer when volatility is back in the market, they'll be watching closely.
Three months ago, everything seemed to be in place for another quarter of strong mutual fund returns. The economic recovery appeared to be on track and unemployment was edging downward. The stock market had risen for three consecutive quarters, and seven of the last eight, dating to the start of the bull market in March 2009.
But momentum has shifted. Stock funds posted an average loss of 0.4 percent in the second quarter, according to fund tracker Lipper.
That small decline came as the economic recovery began to stall. A spate of disappointing reports about manufacturing, hiring and housing sent economists scrambling to scale back their already modest growth projections for the year.
Stocks were choppy: The Standard & Poor's 500 index rose nearly 3 percent in April, then went on a seven-week losing streak that ended in mid-June, after sending the index down 7 percent. The market regained some of that ground to ultimately finish, essentially flat, down 0.4 percent.
“I can see a choppy summer,” Lipper fund analyst Tom Roseen says. “Volatility is in the market now, and people are taking a little bit more defensive stance.”
Highlights from Lipper's second-quarter fund performance numbers:
Top sectors go in reverse: Some of the first quarter's top-performing funds fell to the back of the pack. Natural resources funds that specialize in oil and mining stocks lost an average 5.6 percent in the second quarter. Those stocks tend to move more closely in sync with the economy than most, as their profits are linked to demand for commodities.
When the recovery appeared solid in the first quarter, natural resources funds returned an average 14 percent, best among the sector fund categories that Lipper tracks. Industrial funds are another group that enjoyed strong first-quarter performance (up nearly 7 percent) because the economy was growing at a steady clip. In the second quarter, those funds lost an average 1.7 percent.
Defensive funds win: Funds investing in stocks that tend to be stable performers in both rising and falling markets have lagged during much of the market's steady climb. But many of those defensive stocks posted strong second-quarter gains. That helped funds that specialize in U.S. health care and biotechnology stocks post an average 6.7 percent return. Funds that invest in health care and biotech globally were the top performers among all sector funds, with a 7.3 percent average return.
Utilities stocks, which tend to see steady demand in good times and bad, also had a strong quarter. Funds specializing in those stocks returned an average 3.4 percent.
Real estate rebounds: Funds that invest in real estate investment trusts — companies that own and often operate income-producing properties — returned 3.5 percent on average. REIT funds have fared well lately because their performance is closely tied to the commercial real estate market, which is in better shape than the residential market. REITs also have been popular with investors recently because they're required to pay dividends. That's especially appealing to retirees needing regular income.
“The defensive stocks, and the income payers, tended to protect investors from losses in the quarter,” Lipper's Roseen says.
Financials fumble: Funds that specialize in stocks of banks and other financial services companies lost an average 4.5 percent. Those stocks were hurt by the slowdown in the economic recovery, increasingly strict financial regulations and fears that a Greek debt default could hurt European and U.S. banks alike.
Big beats small: Funds that invest in stocks of large companies lost an average 0.2 percent. That's better than the average 1.2 percent loss for funds focusing on small-company stocks, known as small-caps.
Lipper's Roseen predicts upcoming second-quarter earnings reports will be strong and lift stock prices. He also believes the economic recovery has merely hit a soft patch and soon will return to a stronger growth rate.
Nevertheless, Roseen predicts stocks will continue on their recent volatile course. He points to an abundance of reasons to be cautious: The risk of a Greek default hasn't disappeared. Congress will spend the next few weeks trying to reach an agreement to raise the government's borrowing limit by an Aug. 2 deadline to avoid a first-ever government default. And financial markets are adjusting to the June 30 end of the Federal Reserve stimulus program known as QE2, or quantitative easing, round two. The Fed bought $600 billion in Treasury bonds in an eight-month program to encourage investors to buy higher-yielding investments, such as stocks and corporate bonds.
Now, the biggest buyer of Treasurys is shifting to a new role — eventually, it will sell those bonds back to the market. It's a change that will make investors more risk-averse than usual, Roseen says.
Three months ago, everything seemed to be in place for another quarter of strong mutual fund returns. The economic recovery appeared to be on track and unemployment was edging downward. The stock market had risen for three consecutive quarters, and seven of the last eight, dating to the start of the bull market in March 2009.
But momentum has shifted. Stock funds posted an average loss of 0.4 percent in the second quarter, according to fund tracker Lipper.
That small decline came as the economic recovery began to stall. A spate of disappointing reports about manufacturing, hiring and housing sent economists scrambling to scale back their already modest growth projections for the year.
Stocks were choppy: The Standard & Poor's 500 index rose nearly 3 percent in April, then went on a seven-week losing streak that ended in mid-June, after sending the index down 7 percent. The market regained some of that ground to ultimately finish, essentially flat, down 0.4 percent.
“I can see a choppy summer,” Lipper fund analyst Tom Roseen says. “Volatility is in the market now, and people are taking a little bit more defensive stance.”
Highlights from Lipper's second-quarter fund performance numbers:
Top sectors go in reverse: Some of the first quarter's top-performing funds fell to the back of the pack. Natural resources funds that specialize in oil and mining stocks lost an average 5.6 percent in the second quarter. Those stocks tend to move more closely in sync with the economy than most, as their profits are linked to demand for commodities.
When the recovery appeared solid in the first quarter, natural resources funds returned an average 14 percent, best among the sector fund categories that Lipper tracks. Industrial funds are another group that enjoyed strong first-quarter performance (up nearly 7 percent) because the economy was growing at a steady clip. In the second quarter, those funds lost an average 1.7 percent.
Defensive funds win: Funds investing in stocks that tend to be stable performers in both rising and falling markets have lagged during much of the market's steady climb. But many of those defensive stocks posted strong second-quarter gains. That helped funds that specialize in U.S. health care and biotechnology stocks post an average 6.7 percent return. Funds that invest in health care and biotech globally were the top performers among all sector funds, with a 7.3 percent average return.
Utilities stocks, which tend to see steady demand in good times and bad, also had a strong quarter. Funds specializing in those stocks returned an average 3.4 percent.
Real estate rebounds: Funds that invest in real estate investment trusts — companies that own and often operate income-producing properties — returned 3.5 percent on average. REIT funds have fared well lately because their performance is closely tied to the commercial real estate market, which is in better shape than the residential market. REITs also have been popular with investors recently because they're required to pay dividends. That's especially appealing to retirees needing regular income.
“The defensive stocks, and the income payers, tended to protect investors from losses in the quarter,” Lipper's Roseen says.
Financials fumble: Funds that specialize in stocks of banks and other financial services companies lost an average 4.5 percent. Those stocks were hurt by the slowdown in the economic recovery, increasingly strict financial regulations and fears that a Greek debt default could hurt European and U.S. banks alike.
Big beats small: Funds that invest in stocks of large companies lost an average 0.2 percent. That's better than the average 1.2 percent loss for funds focusing on small-company stocks, known as small-caps.
Lipper's Roseen predicts upcoming second-quarter earnings reports will be strong and lift stock prices. He also believes the economic recovery has merely hit a soft patch and soon will return to a stronger growth rate.
Nevertheless, Roseen predicts stocks will continue on their recent volatile course. He points to an abundance of reasons to be cautious: The risk of a Greek default hasn't disappeared. Congress will spend the next few weeks trying to reach an agreement to raise the government's borrowing limit by an Aug. 2 deadline to avoid a first-ever government default. And financial markets are adjusting to the June 30 end of the Federal Reserve stimulus program known as QE2, or quantitative easing, round two. The Fed bought $600 billion in Treasury bonds in an eight-month program to encourage investors to buy higher-yielding investments, such as stocks and corporate bonds.
Now, the biggest buyer of Treasurys is shifting to a new role — eventually, it will sell those bonds back to the market. It's a change that will make investors more risk-averse than usual, Roseen says.
Tuesday, July 5, 2011
Sino-Forest shares prices july 5 2011
Sino-Forest shares prices july 5 2011, Sino-Forest’s stock prices, west fraser shares prices july 5 2011 : A couple of short weeks after most investors had left Sino-Forest Corp.’s (TRE-T5.291.1929.02%) stock for dead, the beleaguered shares have found a new lease on life.
But as long as the dense fog surrounding the company’s Chinese holdings is still in the air, company followers said, the stock rebound may be short-lived.
Sino-Forest’s shares jumped $1.14 or 27 per cent to $5.29 on the Toronto Stock Exchange Tuesday, the day after Boston-based institutional fund manager Wellington Management Co. LLP disclosed that it had acquired 28.3 million Sino-Forest shares on behalf of clients, or 11.5 per cent of the battered company.
Tuesday’s gains added to Monday’s 30-per-cent surge, and lifted the stock’s gains over the past five trading sessions to 130 per cent. Sino-Forest’s stock had plunged from nearly $20 to less than $2 last month, amid allegations from a hedge fund that the company had grossly overstated the value of its assets.
Wellington’s vote of confidence comes two weeks after the company’s biggest investor – hedge fund Paulson & Co. Inc. – disclosed that it had sold its entire 14.1-per-cent stake. Sino-Forest’s stock sank to its lowest point during the current crisis – $1.29 in intraday trading – on June 21, the day after Paulson’s disclosure.
“Never proclaim a stock dead until it’s delisted and gone,” said analyst and investor Chris Damas of BCMI Research in Barrie, Ont., who bought the stock last month when it first dipped to $4 but got out of it again as it continued to fall.
“This is probably a big short-covering rally, plus traders betting that there are other big institutions that may have also bought some stock,” he said. “It’s hard to say how long this will last.”
Wellington – which previously had a small holding of 79,700 Sino-Forest shares in one of its portfolios as of the end of 2010, according to Bloomberg – is now Sino-Forest’s second-biggest shareholder, after Davis Selected Advisers LP, an Arizona-based mutual fund company that controlled a 12.6-per-cent stake as of its most recent filing on April 29.
But as long as the dense fog surrounding the company’s Chinese holdings is still in the air, company followers said, the stock rebound may be short-lived.
Sino-Forest’s shares jumped $1.14 or 27 per cent to $5.29 on the Toronto Stock Exchange Tuesday, the day after Boston-based institutional fund manager Wellington Management Co. LLP disclosed that it had acquired 28.3 million Sino-Forest shares on behalf of clients, or 11.5 per cent of the battered company.
Tuesday’s gains added to Monday’s 30-per-cent surge, and lifted the stock’s gains over the past five trading sessions to 130 per cent. Sino-Forest’s stock had plunged from nearly $20 to less than $2 last month, amid allegations from a hedge fund that the company had grossly overstated the value of its assets.
Wellington’s vote of confidence comes two weeks after the company’s biggest investor – hedge fund Paulson & Co. Inc. – disclosed that it had sold its entire 14.1-per-cent stake. Sino-Forest’s stock sank to its lowest point during the current crisis – $1.29 in intraday trading – on June 21, the day after Paulson’s disclosure.
“Never proclaim a stock dead until it’s delisted and gone,” said analyst and investor Chris Damas of BCMI Research in Barrie, Ont., who bought the stock last month when it first dipped to $4 but got out of it again as it continued to fall.
“This is probably a big short-covering rally, plus traders betting that there are other big institutions that may have also bought some stock,” he said. “It’s hard to say how long this will last.”
Wellington – which previously had a small holding of 79,700 Sino-Forest shares in one of its portfolios as of the end of 2010, according to Bloomberg – is now Sino-Forest’s second-biggest shareholder, after Davis Selected Advisers LP, an Arizona-based mutual fund company that controlled a 12.6-per-cent stake as of its most recent filing on April 29.
Best Radio Stocks to buy 2011
Best Radio Stocks to buy 2011 : CBS grew nearly 50%, from the year’s first day of trading on January 3 to last Thursday, June 30. Fisher posted a nice six-month gain of 27%, despite a shareholder vote that placed two reps of a dissident group on the board. Radio One was up 42%. Saga was another stock that, like CBS, gained nearly 50% in the first six months.
But for many stocks, there was a June jinx, as you’re about to see – many companies in the group fell to their year-to-date lows in June. As we begin the second half of 2011 with a sluggish economy and some pullbacks in predictions for advertising, let’s take a Janus-like glance back at the first half of 2011 for the radio-connected stocks tracked by TRI –
Arbitron (NYSE:ARB)
Started the year at $42.72, hit $44.44 on February 8, dropped to $35.28 on April 19, and closed on June 30 at $41.33. Still, if you peek back a full 12 months, you see that Arbitron’s ahead significantly from the $25.59 level of mid-year 2010. It’s got a filing cabinet-full of long-term deals with its radio customers (historically about 90% of total revenue), and Nielsen’s no longer even a potential competitor.
Beasley (NASDAQ:BBGI)
Began 2011 at $6.03 a share, set a year-to-date high of $8.53 on April 4, a low of $3.64 on June 15 – the June jinx – and closed on June 30 at $4.21.
CBS (NYSE:CBS)
Chugged very steadily from $19.28 on January 3 to $28.49. Result – a roughly 50% gain, so far this year. Les Moonves and his boss Sumner Redstone should be beaming. The TV business is very healthy and CBS Radio throws off abundant cash flow. Les should be in for another rich paycheck at year-end, including bonuses.
Cumulus (NASDAQ:CMLS)
Had an eventful six months, including the final decision to fold in the private Cumulus Media Partners (the former Susquehanna Radio) and the $2.4 billion acquisition of Citadel. Cumulus began 2011 at $4.55, set a year-to-date low of $3.40 on June 23, and finished June 30 at $3.50.
Emmis (NASDAQ:EMMS)
Started 2011 at 81 cents a share, floated to a high of $1.38 just 10 days later, then closed out the second quarter at $1.10. Part of that is on the news of selling its two Chicago FMs plus New York’s WRXP-FM for $110 million or more.
Entercom (NYSE:ETM)
The stock sat at $11.82 on January 3, hit $13.20 on February 25, dropped to a low of $7.95 on June 13, finished on June 30 at $8.68. Exactly a year ago, Entercom stock was at $8.45.
Entravision (NYSE:EVC)
The Spanish media operator closed at $2.55 a share on the first day of 2011 trading, set a high of $2.75 in April, a low of $1.80 on June 28 – there’s that June jinx again – and had gained a nickel to $1.85 on June 30.
Fisher Communications (NASDAQ:FSCI)
It had trouble with shareholders, but finished out Q2 with a gain. Fisher opened the year at $23.45, reached a high of $31.87 in early April, then ended the first half at $29.82.
Journal Communications (NYSE:JRN)
The broadcast/newspaper/printing operation traded in a narrow range and ended the first half of 2011 pretty much where it began. It started out at $5.03, reached $6.15 on February 25, and closed June 30 at $5.17.
Pandora (NYSE:P)
Debuted June 15 with a pricing by the underwriters of $16, got razzed for sliding to $12.16 – but closed out the month on Thursday at $18.94 and did even better on Friday, with a closing-bell price of $19.99. This IPO’s not broken.
Radio One (NASDAQ:ROIA)
Opened the year at $1.21, touched $3.05 a couple of times in early May, and finished Q2 at $1.71, up 50 cents.
Salem Communications (NASDAQ:SALM)
The Christian and conservative talk specialist opened the year at $3.12 a share, set a high of $4.33 on March 2, and finished out the first half at $3.55 – up 43 cents, year to date.
Spanish Broadcasting System (NASDAQ:SBSA)
Staying above the NASDAQ-minimum of $1 a share has been a struggle, necessitating shareholder approval for a reverse stock split that hasn’t happened yet. Raul Alarcon’s company opened the year at 83 cents, made it to $1.09 on March 9, sank to 59 cents on June 13, and finished at 69 cents. The reverse stock split could be anywhere between 1-for-5 and 1-for-10.
Saga Communications (AMEX:SGA)
a nice climb, year to date, with a retrenchment in May. Saga opened at $25.15, hit $38.96 on April 14, and finished at $37.00
Sirius XM (NASDAQ:SIRI)
A rally in May helped Sirius XM considerably. It opened the year at $1.69, hit $2.34 on May 26 and finished at $2.19. Often one of the NASDAQ’s most active stocks.
Westwood One (NASDAQ:WWON)
Opened up at $9.80 a share, made a low of $4.59 on June 23 and finished out at $5.16. On April 29, Westwood announced it had sold roughly half the company, the Metro Networks traffic/information division, to Clear Channel. That’s the already-completed $119.25 million deal that’s now being looked at by the DOJ.
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But for many stocks, there was a June jinx, as you’re about to see – many companies in the group fell to their year-to-date lows in June. As we begin the second half of 2011 with a sluggish economy and some pullbacks in predictions for advertising, let’s take a Janus-like glance back at the first half of 2011 for the radio-connected stocks tracked by TRI –
Arbitron (NYSE:ARB)
Started the year at $42.72, hit $44.44 on February 8, dropped to $35.28 on April 19, and closed on June 30 at $41.33. Still, if you peek back a full 12 months, you see that Arbitron’s ahead significantly from the $25.59 level of mid-year 2010. It’s got a filing cabinet-full of long-term deals with its radio customers (historically about 90% of total revenue), and Nielsen’s no longer even a potential competitor.
Beasley (NASDAQ:BBGI)
Began 2011 at $6.03 a share, set a year-to-date high of $8.53 on April 4, a low of $3.64 on June 15 – the June jinx – and closed on June 30 at $4.21.
CBS (NYSE:CBS)
Chugged very steadily from $19.28 on January 3 to $28.49. Result – a roughly 50% gain, so far this year. Les Moonves and his boss Sumner Redstone should be beaming. The TV business is very healthy and CBS Radio throws off abundant cash flow. Les should be in for another rich paycheck at year-end, including bonuses.
Cumulus (NASDAQ:CMLS)
Had an eventful six months, including the final decision to fold in the private Cumulus Media Partners (the former Susquehanna Radio) and the $2.4 billion acquisition of Citadel. Cumulus began 2011 at $4.55, set a year-to-date low of $3.40 on June 23, and finished June 30 at $3.50.
Emmis (NASDAQ:EMMS)
Started 2011 at 81 cents a share, floated to a high of $1.38 just 10 days later, then closed out the second quarter at $1.10. Part of that is on the news of selling its two Chicago FMs plus New York’s WRXP-FM for $110 million or more.
Entercom (NYSE:ETM)
The stock sat at $11.82 on January 3, hit $13.20 on February 25, dropped to a low of $7.95 on June 13, finished on June 30 at $8.68. Exactly a year ago, Entercom stock was at $8.45.
Entravision (NYSE:EVC)
The Spanish media operator closed at $2.55 a share on the first day of 2011 trading, set a high of $2.75 in April, a low of $1.80 on June 28 – there’s that June jinx again – and had gained a nickel to $1.85 on June 30.
Fisher Communications (NASDAQ:FSCI)
It had trouble with shareholders, but finished out Q2 with a gain. Fisher opened the year at $23.45, reached a high of $31.87 in early April, then ended the first half at $29.82.
Journal Communications (NYSE:JRN)
The broadcast/newspaper/printing operation traded in a narrow range and ended the first half of 2011 pretty much where it began. It started out at $5.03, reached $6.15 on February 25, and closed June 30 at $5.17.
Pandora (NYSE:P)
Debuted June 15 with a pricing by the underwriters of $16, got razzed for sliding to $12.16 – but closed out the month on Thursday at $18.94 and did even better on Friday, with a closing-bell price of $19.99. This IPO’s not broken.
Radio One (NASDAQ:ROIA)
Opened the year at $1.21, touched $3.05 a couple of times in early May, and finished Q2 at $1.71, up 50 cents.
Salem Communications (NASDAQ:SALM)
The Christian and conservative talk specialist opened the year at $3.12 a share, set a high of $4.33 on March 2, and finished out the first half at $3.55 – up 43 cents, year to date.
Spanish Broadcasting System (NASDAQ:SBSA)
Staying above the NASDAQ-minimum of $1 a share has been a struggle, necessitating shareholder approval for a reverse stock split that hasn’t happened yet. Raul Alarcon’s company opened the year at 83 cents, made it to $1.09 on March 9, sank to 59 cents on June 13, and finished at 69 cents. The reverse stock split could be anywhere between 1-for-5 and 1-for-10.
Saga Communications (AMEX:SGA)
a nice climb, year to date, with a retrenchment in May. Saga opened at $25.15, hit $38.96 on April 14, and finished at $37.00
Sirius XM (NASDAQ:SIRI)
A rally in May helped Sirius XM considerably. It opened the year at $1.69, hit $2.34 on May 26 and finished at $2.19. Often one of the NASDAQ’s most active stocks.
Westwood One (NASDAQ:WWON)
Opened up at $9.80 a share, made a low of $4.59 on June 23 and finished out at $5.16. On April 29, Westwood announced it had sold roughly half the company, the Metro Networks traffic/information division, to Clear Channel. That’s the already-completed $119.25 million deal that’s now being looked at by the DOJ.
tag : music stocks, free stock music, music stock exchange, music stock photos, music stock market, radio stock exchange, sirius radio stock, sirius satellite radio stock, sirius radio stock price, sirius radio stock quote, sirius radio stock symbol.
Comex Gold, silver, crude oil futures prices prediction july 6 2011
Comex Gold, silver, oil futures prices prediction july 6 2011 : Gold fell Friday as approval the Greek austerity bill averted immediate default and hence reduced demand for safe-haven assets.
The precious Yellow metal declined to 6-wk low at 1478.3 before finishing at 1482.6. Thanks to the steady movement in the remainder of the week, the benchmark contract slipped -1.21%, thus, avoiding an abrupt weekly loss.
Silver followed Gold falling to as low as 33.47 before finishing at 33.71 Friday. Due to weaker fundamentals and its volatile nature, the precious White metal declined 2.73% on the week.
Crude Oil prices dove early in the week after the IEA announced to release 60 mmb of strategic petroleum reserves (SPR) in 30 days. But, the impact faded as sentiment improved during the week, and as the agency details came into the Light.
The US Fed’s US$600B+ bond-buying program (QE-2) officially ended on June 30 with a whimper, and there are debates on whether the Fed should introduce something called QE-3, which Shayne and I believe is already in place awaiting announcement from Jackson Hole later this Summer, as the US economy has shown signs of slowdown.
If the US Fed announced a new QE immediately it would be too soon for it to implement further easing measures as the impact of QE-2 is not yet fully calibrated in the numbers. Fed Chairman Ben Bernanke said that ‘a little bit of time’ is needed to ’see what happens would be useful ‘before deciding the next step.
The report unveiled that only 39M bbls, 63%, of Crude Oil out of the total emergency release will be sold from government-controlled inventories, suggesting the impact of the IEA’s move on Crude Oil prices should be very much less than anticipated.
n January 1991, the IEA activated its Contingency Plan to make available to the market 2.5M BPD of Crude Oil, comprising of 2M BPD of stock-draw, 0.2M BPD of demand restraint and 0.2M BPD of fuel switching and surge production.
The Overall Technicals Comex Gold, silver, crude oil futures prices
Comex Gold (GC)
Gold’s decline from 1559.3 extended to 1478.3 last week after brief recovery.
The initial bias remains to the Southside this week, and further decline should be seen. The fall from 1559.3 is treated as the 3rd leg of the consolidation pattern from 1577.4 and should extend to 1462.5, Key support, and below.
That said, I am looking for Strong support at 1443/4: 50% retracement of 1309.1 to 1577.4 at 1443.3, 100% projection of 1577.4 to 1462.5 from 1559.3 at 1444.4, to contain any downside action and bring on a rebound.
On the Upside: a clear break of 1514.8, the Key resistance, is needed to signal reversal in here, baring that I will stay cautiously Bearish Gold.
The Big Picture: a short term Top was made at 1577.4 after Gold hits medium term rising channel resistance. But, there is no indication of long term trend reversal yet. Strong support from 1430/40 level, the 1432.5 resistance turned support, trend line at 1434, and a rebound will maintain the Bullish outlook and should eventually bring a up-trend resumption through 1600, the psych mark, after consolidations.
Note: sustained trading below the 1400 mark will raise the possibility of a trend reversal, and will turn the focus back to the 1309.1 support mark for confirmation.
The Long Term Picture: the rise from 681 is treated as resumption of the long term up-trend from the Y 1999 low of 253. 100% projection of 253 to 1033.9 from 681 at 1462 was met, but there is no sign of reversal yet. Sustained trading above 1462.6 may show the way towards 161.8% projection at 1945.6 in the longer term. But, a clear break of the 1309.1 support mark indicates that a medium term Top is formed and correction form 1577.4 would then likely head back to 55 months EMA, now standing at 1066.7. Stay tuned…
Comex Silver (SI)
Silver’s decline from 38.845 extended further to 33.38 last week, so I will stay Bearish as long as the 35.16 resistance mark holds.
I expect a further fall to 32.30, and break there confirms the resumption of the decline from 49.82 to 30, the next psych mark. But a clear break above 35.16 says that the fall from 38.845 has likely completed, and will turn bias back to the Northside for this resistance and possibly higher.
The Big Picture: the steep sell off from 49.82 shows that a medium term Top formed there, ahead of the 50 psych mark. Silver should now be correcting the 5 wave sequence from 14.65; 19.845, 17.735, 31.275, 26.30, 49.82. The correction will likely extend into 26.30/31.275, the cluster support Zone before completion. But, I still anticipate 1 more rising wave before Silver completes the 5 wave up-trend from 8.4 the Y 2008 low to then rise and finally makes an important Top.
The Long Term Picture: the deep sell off from 49.82 raises the possibility that long term up-trend from 4.01 is near completion as it faced Strong resistance from 261.8% projection of 4.01 to 21.44 from 8.4 at 54.032. But, it is too early to confirm a long term reversal yet; a important top should be near, if not at 49.82 I believe. On confirmation of such a reversal, Silver will likely fall towards its 55 months EMA now at 20.45. Stay tuned…
Nymex Crude Oil (CL)
Crude Oil drew Strong support a 90, the psych mark, last week and bounced. A short term Bottom is in place at 89.61 IMO, and further recovery is favored this week. But, there is no confirmation of completion of fall from 114.83 as long as 102.44 resistance holds, and the decline is still in favor to resume after finishing current recovery. A clear break below 92.66, the minor support, turns the bias back to the Southside 1st IMO. A clear break of 89.61 then targets the Key cluster support Zone at 83.65/85.
The Big Picture: the medium term rebound from 33.2 is treated as the 2nd leg of consolidation pattern from 147.24. The break of 96.22 support serves as the 1st alert of medium term reversal after Crude Oil failed 100% projection of 33.2 to 83.95 from 64.23 at 114.98. The focus is on next cluster support Zone at 83.85, 61.8% retracement of 64.23 to 114.83 at 83.65, 38.2% retracement of 33.2 to 114.83 at 84.10. A clear break and sustained trade there confirms the case of a medium term reversal, and turn the outlook Bearish for test of the 64.23 support mark, and below. But, a Strong rebound above this cluster support Zone retains my medium term Bullish POV, and bring another rise to above 115 level before reversal I believe.
The Long Term Picture: Crude Oil is in a long term consolidation pattern from 147.27, with 1st wave completed at 33.2, 2nd wave from there unfolding. A clear break of 83.85, Key support, confirms that the 2nd wave is finished, and the 3rd wave, a downward wave, should have started targeting a retest of the 33.2 low mark. Stay tuned…
The precious Yellow metal declined to 6-wk low at 1478.3 before finishing at 1482.6. Thanks to the steady movement in the remainder of the week, the benchmark contract slipped -1.21%, thus, avoiding an abrupt weekly loss.
Silver followed Gold falling to as low as 33.47 before finishing at 33.71 Friday. Due to weaker fundamentals and its volatile nature, the precious White metal declined 2.73% on the week.
Crude Oil prices dove early in the week after the IEA announced to release 60 mmb of strategic petroleum reserves (SPR) in 30 days. But, the impact faded as sentiment improved during the week, and as the agency details came into the Light.
The US Fed’s US$600B+ bond-buying program (QE-2) officially ended on June 30 with a whimper, and there are debates on whether the Fed should introduce something called QE-3, which Shayne and I believe is already in place awaiting announcement from Jackson Hole later this Summer, as the US economy has shown signs of slowdown.
If the US Fed announced a new QE immediately it would be too soon for it to implement further easing measures as the impact of QE-2 is not yet fully calibrated in the numbers. Fed Chairman Ben Bernanke said that ‘a little bit of time’ is needed to ’see what happens would be useful ‘before deciding the next step.
The report unveiled that only 39M bbls, 63%, of Crude Oil out of the total emergency release will be sold from government-controlled inventories, suggesting the impact of the IEA’s move on Crude Oil prices should be very much less than anticipated.
n January 1991, the IEA activated its Contingency Plan to make available to the market 2.5M BPD of Crude Oil, comprising of 2M BPD of stock-draw, 0.2M BPD of demand restraint and 0.2M BPD of fuel switching and surge production.
The Overall Technicals Comex Gold, silver, crude oil futures prices
Comex Gold (GC)
Gold’s decline from 1559.3 extended to 1478.3 last week after brief recovery.
The initial bias remains to the Southside this week, and further decline should be seen. The fall from 1559.3 is treated as the 3rd leg of the consolidation pattern from 1577.4 and should extend to 1462.5, Key support, and below.
That said, I am looking for Strong support at 1443/4: 50% retracement of 1309.1 to 1577.4 at 1443.3, 100% projection of 1577.4 to 1462.5 from 1559.3 at 1444.4, to contain any downside action and bring on a rebound.
On the Upside: a clear break of 1514.8, the Key resistance, is needed to signal reversal in here, baring that I will stay cautiously Bearish Gold.
The Big Picture: a short term Top was made at 1577.4 after Gold hits medium term rising channel resistance. But, there is no indication of long term trend reversal yet. Strong support from 1430/40 level, the 1432.5 resistance turned support, trend line at 1434, and a rebound will maintain the Bullish outlook and should eventually bring a up-trend resumption through 1600, the psych mark, after consolidations.
Note: sustained trading below the 1400 mark will raise the possibility of a trend reversal, and will turn the focus back to the 1309.1 support mark for confirmation.
The Long Term Picture: the rise from 681 is treated as resumption of the long term up-trend from the Y 1999 low of 253. 100% projection of 253 to 1033.9 from 681 at 1462 was met, but there is no sign of reversal yet. Sustained trading above 1462.6 may show the way towards 161.8% projection at 1945.6 in the longer term. But, a clear break of the 1309.1 support mark indicates that a medium term Top is formed and correction form 1577.4 would then likely head back to 55 months EMA, now standing at 1066.7. Stay tuned…
Comex Silver (SI)
Silver’s decline from 38.845 extended further to 33.38 last week, so I will stay Bearish as long as the 35.16 resistance mark holds.
I expect a further fall to 32.30, and break there confirms the resumption of the decline from 49.82 to 30, the next psych mark. But a clear break above 35.16 says that the fall from 38.845 has likely completed, and will turn bias back to the Northside for this resistance and possibly higher.
The Big Picture: the steep sell off from 49.82 shows that a medium term Top formed there, ahead of the 50 psych mark. Silver should now be correcting the 5 wave sequence from 14.65; 19.845, 17.735, 31.275, 26.30, 49.82. The correction will likely extend into 26.30/31.275, the cluster support Zone before completion. But, I still anticipate 1 more rising wave before Silver completes the 5 wave up-trend from 8.4 the Y 2008 low to then rise and finally makes an important Top.
The Long Term Picture: the deep sell off from 49.82 raises the possibility that long term up-trend from 4.01 is near completion as it faced Strong resistance from 261.8% projection of 4.01 to 21.44 from 8.4 at 54.032. But, it is too early to confirm a long term reversal yet; a important top should be near, if not at 49.82 I believe. On confirmation of such a reversal, Silver will likely fall towards its 55 months EMA now at 20.45. Stay tuned…
Nymex Crude Oil (CL)
Crude Oil drew Strong support a 90, the psych mark, last week and bounced. A short term Bottom is in place at 89.61 IMO, and further recovery is favored this week. But, there is no confirmation of completion of fall from 114.83 as long as 102.44 resistance holds, and the decline is still in favor to resume after finishing current recovery. A clear break below 92.66, the minor support, turns the bias back to the Southside 1st IMO. A clear break of 89.61 then targets the Key cluster support Zone at 83.65/85.
The Big Picture: the medium term rebound from 33.2 is treated as the 2nd leg of consolidation pattern from 147.24. The break of 96.22 support serves as the 1st alert of medium term reversal after Crude Oil failed 100% projection of 33.2 to 83.95 from 64.23 at 114.98. The focus is on next cluster support Zone at 83.85, 61.8% retracement of 64.23 to 114.83 at 83.65, 38.2% retracement of 33.2 to 114.83 at 84.10. A clear break and sustained trade there confirms the case of a medium term reversal, and turn the outlook Bearish for test of the 64.23 support mark, and below. But, a Strong rebound above this cluster support Zone retains my medium term Bullish POV, and bring another rise to above 115 level before reversal I believe.
The Long Term Picture: Crude Oil is in a long term consolidation pattern from 147.27, with 1st wave completed at 33.2, 2nd wave from there unfolding. A clear break of 83.85, Key support, confirms that the 2nd wave is finished, and the 3rd wave, a downward wave, should have started targeting a retest of the 33.2 low mark. Stay tuned…
Hynix Semiconductor shares prices july 6 2011
Hynix Semiconductor shares prices july 6 2011 ; In Seoul, Hynix Semiconductor shares slumped 5.5% after Hyundai Heavy Industries Co. said Wednesday that it has decided not to submit a letter of intent for a controlling stake in the chip maker.
"The not-so-good semiconductor market condition seems to have partly pushed Hyundai Heavy to drop the bid plan. Chip prices will likely fall sharply during July, largely due to an inventory correction at PC makers and that's when we will be able to see the bottom for Hynix shares," said Kiwoom Securities analyst Kim Sung-in.
Hyundai Heavy jumped 6.5%. Creditors-turned-shareholders of the chip maker plan to accept LOIs from interested parties on July 8 and select a preferred bidder in August.
Other tech stocks were also down, with Samsung Electronics off 1.1% and LG Electronics down 1.2%
"The not-so-good semiconductor market condition seems to have partly pushed Hyundai Heavy to drop the bid plan. Chip prices will likely fall sharply during July, largely due to an inventory correction at PC makers and that's when we will be able to see the bottom for Hynix shares," said Kiwoom Securities analyst Kim Sung-in.
Hyundai Heavy jumped 6.5%. Creditors-turned-shareholders of the chip maker plan to accept LOIs from interested parties on July 8 and select a preferred bidder in August.
Other tech stocks were also down, with Samsung Electronics off 1.1% and LG Electronics down 1.2%
Japanese stock market Wednesday july 6 2011, Nikkei 225 index rose
Japanese stock market Wednesday july 6 2011, Nikkei 225 index rose ; After an early upmove and a subsequent fall, the Japanese stock market rallied higher on Wednesday with the Nikkei index hitting the 10,000 mark amid some brisk buying at a few heavyweight counters. However, with investors mostly looking to take some profits after recent strong gains, the market has retreated to lower levels and is currently trading flat.
The Nikkei 225 index, which rose to 10,005.4 after falling to 9,967.8, is currently trading at 9,978.7, up 6.2 points or 0.1 percent over its previous close.
Mining, manufacturing, marine transport and paper stocks are mostly trading higher. Electric power, pharmaceuticals, railway, oil and financial stocks are trading weak.
Nippon Paper Group shares are up nearly 4.5 percent. Pioneer Corp is up 4.3 percent. East Japan Railway, Hokuetsu Kishu Paper, Toto and Oji Paper are up 2 to 2.5 percent.
All Nippon Airways, Fast Retailing, UBE, Tokyo Electric Power, Bridgestone, Mitsubishi Chemicals, Yamaha Corp., Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work and Inpex are also trading notably higher.
Among automobile stocks, Mitsubishi Motor, Suzuki Motor and Nissan Motor are trading in positive territory with smart gains, while Mazda Motor and Toyota Motor are trading lower.
In the banking space, Mizuho Trust & Banking, Mitsubishi UFJ Financial, Chiba Bank, Shizuoka Bank and Bank of Yokohama are trading weak.
Credit Saison, Daiwa Securities Group, CSK Corp., NGK Insulators, Kansai Electric Power, Sapporo Holdings, Takashimaya and Obayashi Corp are down with notable losses.
In the currency market, the U.S. dollar traded in the lower 81 yen level in early deals in Tokyo. The yen is currently trading at 80.92 to the U.S. dollar.
Tag ; Nippon Airways stock july 6 2011, Fast Retailing, UBE, Tokyo Electric Power share , Bridgestone stock price, Mitsubishi Chemicals share prices july 6 2011, Yamaha Corp. stock prices july 6 2011, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work, Nikkei 225 index share prices july 6 2011.
The Nikkei 225 index, which rose to 10,005.4 after falling to 9,967.8, is currently trading at 9,978.7, up 6.2 points or 0.1 percent over its previous close.
Mining, manufacturing, marine transport and paper stocks are mostly trading higher. Electric power, pharmaceuticals, railway, oil and financial stocks are trading weak.
Nippon Paper Group shares are up nearly 4.5 percent. Pioneer Corp is up 4.3 percent. East Japan Railway, Hokuetsu Kishu Paper, Toto and Oji Paper are up 2 to 2.5 percent.
All Nippon Airways, Fast Retailing, UBE, Tokyo Electric Power, Bridgestone, Mitsubishi Chemicals, Yamaha Corp., Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work and Inpex are also trading notably higher.
Among automobile stocks, Mitsubishi Motor, Suzuki Motor and Nissan Motor are trading in positive territory with smart gains, while Mazda Motor and Toyota Motor are trading lower.
In the banking space, Mizuho Trust & Banking, Mitsubishi UFJ Financial, Chiba Bank, Shizuoka Bank and Bank of Yokohama are trading weak.
Credit Saison, Daiwa Securities Group, CSK Corp., NGK Insulators, Kansai Electric Power, Sapporo Holdings, Takashimaya and Obayashi Corp are down with notable losses.
In the currency market, the U.S. dollar traded in the lower 81 yen level in early deals in Tokyo. The yen is currently trading at 80.92 to the U.S. dollar.
Tag ; Nippon Airways stock july 6 2011, Fast Retailing, UBE, Tokyo Electric Power share , Bridgestone stock price, Mitsubishi Chemicals share prices july 6 2011, Yamaha Corp. stock prices july 6 2011, Nisshin Steel, Fuji Heavy Industries, Mitsubishi Paper, Japan Steel Work, Nikkei 225 index share prices july 6 2011.
Australian stock market july 6 2011 opened flat
Australian stock market july 6 2011 opened flat : THE Australian stock market opened flat in quiet trading today as investors awaited key US economic data later this week. The benchmark S&P/ASX 200 index was up 1.7 points, or 0.04 per cent, at 4599.80, while the broader All Ordinaries index had risen 0.3 of a point (0.01 per cent) to 4657.20.
The best-performing sector in early trade was information technology, up 0.84 per cent according to IRESS data.
Financial stocks (down 0.21 per cent) and utilities (off 0.33 per cent) were among the more significant sectors in decline.
IG Markets research analyst Ben Potter said the Australian market continued to underperform offshore bourses, as uncertainty surrounding a potential price on carbon kept investors on the sidelines.
"The US market went up 6 per cent last week," Mr Potter said. "The best we could do was about 1.8 per cent.
"It really is quite a sick story for the Australian market at the moment. There is just no interest as people don't see any catalyst to be involved in equities locally."
Mr Potter said market players were looking to the release of US non-farm payrolls data later in the week.
Wall Street finished mixed overnight: the Dow Jones Industrial Average and S&P 500 closed lower, but the Nasdaq managed a small gain.
Major commodities such as oil, gold and copper settled higher.
In today's market news, Telstra announced a series of new executive positions and some organisational changes to position the company for the national broadband network and to facilitate a customer focus - the telco's shares rose 1c at $2.95.
National turnover in Australia was 299.9 million securities worth $632.4m, as 351 stocks rose, 281 slipped and 281 were unchanged.
The best-performing sector in early trade was information technology, up 0.84 per cent according to IRESS data.
Financial stocks (down 0.21 per cent) and utilities (off 0.33 per cent) were among the more significant sectors in decline.
IG Markets research analyst Ben Potter said the Australian market continued to underperform offshore bourses, as uncertainty surrounding a potential price on carbon kept investors on the sidelines.
"The US market went up 6 per cent last week," Mr Potter said. "The best we could do was about 1.8 per cent.
"It really is quite a sick story for the Australian market at the moment. There is just no interest as people don't see any catalyst to be involved in equities locally."
Mr Potter said market players were looking to the release of US non-farm payrolls data later in the week.
Wall Street finished mixed overnight: the Dow Jones Industrial Average and S&P 500 closed lower, but the Nasdaq managed a small gain.
Major commodities such as oil, gold and copper settled higher.
In today's market news, Telstra announced a series of new executive positions and some organisational changes to position the company for the national broadband network and to facilitate a customer focus - the telco's shares rose 1c at $2.95.
National turnover in Australia was 299.9 million securities worth $632.4m, as 351 stocks rose, 281 slipped and 281 were unchanged.
Best Stocks Attracting Major Trading Interest July 5th 2011
Best Stocks Attracting Major Trading Interest July 5th 2011 ; The Dow Jones (NYSE:DIA) is flat following 4th of July weekend at 12,579, the S&P 500 (NYSE:SPY) is flat at 1,337 and the Nasdaq (NASDAQ:QQQ) is higher 4 points to 2,820 on the 127th trading day of 2011, as these stocks hit our radar:
1) Apple Inc. (NASDAQ:AAPL) : Shares are higher 1.56% to $348.55 per share today. Over 6 million shares have traded hands. Mark Hulbert, Apple is far from losing its shine. Apple was undervalued a few weeks ago and now investors are back on the bandwagon with a 9% rise in shares. Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
2) Immucor, Inc. (NASDAQ:BLUD) : Shares are higher 30% to $26,99 per share today. Over 18 million shares have traded hands. TPG Capital is acquiring Immucor for $1.97 billion in cold hard cash, or $27 per share. Immucor, Inc. manufactures and sells a line of reagents and systems used by hospitals, reference laboratories, and donor centers throughout the world. The Company’s products are used to detect and identify certain properties of the cell and serum components of blood prior to transfusion. Immucor markets a complete family of automated instrumentation for all market segments.
3) Altria (NYSE:MO) : Shares are higher 1.17% to $26,99 per share today. Over 6 million shares have traded hands. Inflation alert: The company will raise the price of all its Phillip Morris cigarette brands by 9 cents per pack. The new price increase begins Thursday, July 8th. Do you think there will be less smokers or more profits for Altria? Addictions crave a premium. We think profits.
4) Clearwire Corporation (NASDAQ:CLWR) : Shares of Clearwire Corporation are trading higher 4.45% to $3.99 per share today. Over 4 million shares have traded hands. Investors are going gaga over the latest positive Credit Suisse stock rating and upside price target of $6 per share. Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Sprint (NYSE:S), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).
5) Gold Resource Corporation (AMEX:GORO): Shares of Gold Resource Corporation are trading lower 3.57% to $23.28 per share today. Over 1.77 million shares have traded hands. The junior minor is receiving the negative downside pressure due to a negative article in Barron’s over the weekend. Gold Resource Corporation explores for gold (NYSE:GLD) and other precious metals (NYSE:SLV).
1) Apple Inc. (NASDAQ:AAPL) : Shares are higher 1.56% to $348.55 per share today. Over 6 million shares have traded hands. Mark Hulbert, Apple is far from losing its shine. Apple was undervalued a few weeks ago and now investors are back on the bandwagon with a 9% rise in shares. Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
2) Immucor, Inc. (NASDAQ:BLUD) : Shares are higher 30% to $26,99 per share today. Over 18 million shares have traded hands. TPG Capital is acquiring Immucor for $1.97 billion in cold hard cash, or $27 per share. Immucor, Inc. manufactures and sells a line of reagents and systems used by hospitals, reference laboratories, and donor centers throughout the world. The Company’s products are used to detect and identify certain properties of the cell and serum components of blood prior to transfusion. Immucor markets a complete family of automated instrumentation for all market segments.
3) Altria (NYSE:MO) : Shares are higher 1.17% to $26,99 per share today. Over 6 million shares have traded hands. Inflation alert: The company will raise the price of all its Phillip Morris cigarette brands by 9 cents per pack. The new price increase begins Thursday, July 8th. Do you think there will be less smokers or more profits for Altria? Addictions crave a premium. We think profits.
4) Clearwire Corporation (NASDAQ:CLWR) : Shares of Clearwire Corporation are trading higher 4.45% to $3.99 per share today. Over 4 million shares have traded hands. Investors are going gaga over the latest positive Credit Suisse stock rating and upside price target of $6 per share. Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Sprint (NYSE:S), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).
5) Gold Resource Corporation (AMEX:GORO): Shares of Gold Resource Corporation are trading lower 3.57% to $23.28 per share today. Over 1.77 million shares have traded hands. The junior minor is receiving the negative downside pressure due to a negative article in Barron’s over the weekend. Gold Resource Corporation explores for gold (NYSE:GLD) and other precious metals (NYSE:SLV).
gold price analysts outlook today 5 july 2011
gold price analysts outlook today 5 july 2011 : Gold showed a 2% rebound Tuesday as investors remained tentative on Greece's debt situation. Gold for August delivery was surging $26.50 to $1,509 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,513 and as low as $1,486 while the spot gold price was gaining $12.50, according to Kitco's gold index.
Gold recaptured the $1500 an ounce mark this morning after struggling to gain traction last week. "The yellow metal's overnight gains had been achieved on account of the U.S. dollar touching three-week lows against the euro and due to continuing uncertainties surrounding the Greek debt situation," said Jon Nadler, metals analyst at Kitco Metals, in a written report.
A weakening euro and Japanese yen were also helping gold move higher. The euro was losing 0.6% against the greenback, as the U.S. dollar index was ahead 0.4% at $74.52 against a basket of currencies.
Despite the rally in gold, some analysts took a cautious view given that the release of key U.S. jobs data was still three trading days away. "I do not trust this corrective bounce a whole lot and I prefer to wait it out until the Friday jobs data is out," said Nadler.
Similarly, DTN commodities analyst Darin Newsom said that he doesn't see any major changes in the gold market yet. "If the jobs data projects a bearish outlook for the economy, gold may go up, but if the view is bullish, gold may do down Friday."
Investors might be thinking that the recovery trade from the pre-holiday selloff was a bit overdone, said Newsom. However, in the last two months, gold has been moving sideways within a range of about $110, noted Newsom, who did not change his prediction that gold would see downward pressure in the near term.
"This week could be volatile for gold but trading volume will remain low," added Newsom.
Gold prices are expected to fluctuate depending on what kind of resolution legislators can pass on the U.S. deficit. As the August deadline for raising the debt ceiling draws near, gold may see an upward lift if Congress fails to make significant progress. In an extreme scenario, gold and silver would jump if the government does run out of cash in August.
Still, many analysts are convinced that investors will continue to rush to gold as a safe haven. "Gold is now entering its period of traditional seasonal strength which is seen between July and December," according to a newsletter by GoldCore. GoldCore predicts that the bullion may break $1800 an ounce before the end of the year.
Gold recaptured the $1500 an ounce mark this morning after struggling to gain traction last week. "The yellow metal's overnight gains had been achieved on account of the U.S. dollar touching three-week lows against the euro and due to continuing uncertainties surrounding the Greek debt situation," said Jon Nadler, metals analyst at Kitco Metals, in a written report.
A weakening euro and Japanese yen were also helping gold move higher. The euro was losing 0.6% against the greenback, as the U.S. dollar index was ahead 0.4% at $74.52 against a basket of currencies.
Despite the rally in gold, some analysts took a cautious view given that the release of key U.S. jobs data was still three trading days away. "I do not trust this corrective bounce a whole lot and I prefer to wait it out until the Friday jobs data is out," said Nadler.
Similarly, DTN commodities analyst Darin Newsom said that he doesn't see any major changes in the gold market yet. "If the jobs data projects a bearish outlook for the economy, gold may go up, but if the view is bullish, gold may do down Friday."
Investors might be thinking that the recovery trade from the pre-holiday selloff was a bit overdone, said Newsom. However, in the last two months, gold has been moving sideways within a range of about $110, noted Newsom, who did not change his prediction that gold would see downward pressure in the near term.
"This week could be volatile for gold but trading volume will remain low," added Newsom.
Gold prices are expected to fluctuate depending on what kind of resolution legislators can pass on the U.S. deficit. As the August deadline for raising the debt ceiling draws near, gold may see an upward lift if Congress fails to make significant progress. In an extreme scenario, gold and silver would jump if the government does run out of cash in August.
Still, many analysts are convinced that investors will continue to rush to gold as a safe haven. "Gold is now entering its period of traditional seasonal strength which is seen between July and December," according to a newsletter by GoldCore. GoldCore predicts that the bullion may break $1800 an ounce before the end of the year.
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