Average 30 year fixed hovers around 4.57%.
Comments »Monthly Archives: June 2011
European Markets and U.S. Futures Drop Despite Greek Confidence Vote
The Nikkei and Most Asian Markets Rise
The Euro Falls Despite Greek Confidence Vote
Vote of Confidence for Papandreou is Only Half the Battler; Focus is Back on Germany and the ECB
This vote only brings Greece closer to securing immediate funds of $17 Billion.
Comments »BOE Policy Shows The Need for More Bond Purchasing
Policy makers want to stem any potential slowdown and “further shocks to demand.”
Comments »Western Refining Upgraded at Deutsche Bank
Western Refining upgraded at Deutsche Bank As noted earlier, Deutsche Bank upgraded Western Refining to Buy from Hold with a $24 target. The firm upgraded the stock as it believes the company will benefit from its operational and financial leverage to the Brent-WTI spread, which the firm anticipates will remain wider for a longer period than expected.
Comments »PetroChina Leaves The Bargaining Table To Acquire Encana Corp.
Dollar Strong After Greek Vote
The dollar is up 0.28% following the ever so important Greek confidence vote, which paves the way for further austerity. Oil is soft, as well as S&P futures, now 3 points below fair value.
On the brighter side, Japan is up 1.3%.
Comments »ALERT: Greek Lawmakers Pass Confidence Vote
The 300 lawmakers of Greece have approved the sale of Earth and Water.
Let the austerity begin.
UPDATE: Final vote was 155-143
Comments »Flash: Greeks About to Take Confidence Vote
Developing…
Comments »Zagg Buys iFrogz
Co announces acquisition of privately held iFrogz, a mobile device accessories company specializing in lifestyle audio products and protective cases, for approximately $105 million. Under the terms of the definitive agreement, ZAGG acquired all of the outstanding stock of iFrogz for $50 million of cash, 4.4 million restricted shares of ZAGG common stock, and assumed approximately $5.0 million of outstanding debt. For 2011, iFrogz is expected to generate over $60 million of revenue with operating margins in line with ZAGG’s previously disclosed guidance. ZAGG expects the acquisition to be immediately accretive on an earnings per share basis, excluding one-time transaction-related expenses. ZAGG will provide updated consolidated guidance on its second quarter earnings call.
Source: Briefing
Comments »JPM Pays $153 Million to Settle Charges of Misleading Investors
Analyst Polled Have an Overwhelming Feeling Stimulus Will Be Extended
Flash: Greek Finance Minister Says Austerity Plan Will Pass
Rally ho.
Comments »Today’s Biggest Large Cap Winners
No. Ticker % Change Market Cap
1 RIMM 7.03 13,490,000,000
2 NBG 6.77 6,350,000,000
3 LNKD 6.74 6,020,000,000
4 BIDU 6.55 41,260,000,000
5 WFM 6.20 10,000,000,000
6 KB 5.88 15,780,000,000
7 AEM 5.76 10,470,000,000
8 NTES 5.75 5,460,000,000
9 PKX 5.52 7,490,000,000
10 PCLN 5.45 22,780,000,000
11 RCL 5.34 7,720,000,000
12 CCJ 5.26 9,160,000,000
13 CTSH 5.26 20,660,000,000
14 SHG 5.18 21,380,000,000
15 WF 5.06 9,290,000,000
16 LCAPA 4.99 6,300,000,000
17 MOS 4.96 27,120,000,000
18 TCK 4.86 25,990,000,000
19 MPEL 4.73 5,630,000,000
20 HK 4.72 6,880,000,000
21 LULU 4.71 6,990,000,000
22 CBG 4.65 7,550,000,000
23 SLW 4.65 11,010,000,000
24 IAG 4.56 7,120,000,000
25 SIRI 4.43 7,580,000,000
Homeland or National Interests; Can We Continue This Path ?
Tough call on what is the right thing to do. Fight wars in our national interest or cut bait and spend that money at home.
Perhaps instead of exploiting oil overseas we could try harder here at home. Some say we have 200 years of oil in the north slope of Alaska.
Comments »Much More Work To Do…Way More Than You Expect
This is How You Know Your Up Shits Creek
FLASH: SEC To Bring an Enforcement Action Against JPM
developing……
Comments »