Yearly Archives: 2011
POLICE STATE: Indefinite detention bill passes in Senate
Exactly 220 years to the date after the Bill of Rights was ratified, the US Senate today voted 86 to 13 in favor of the National Defense Authorization Act for Fiscal Year 2012, allowing the indefinite detention and torture of Americans.
After a back-and-forth in recent days between both the Senate and House yielded intense criticism from Americans attempting to hold onto their Constitutional rights, NDAA FY2012 is now on its way to the White House, where yesterday the Obama administration revealed that the president would not veto the legislation, cancelling out a warning he offered less than a month earlier.
Obama has finally brought about change to America, but it’s nothing to be hopeful about.
Comments »RIMM WARNS AGAIN
Research In Motion sees Q4 $0.80-0.95 vs $1.10 Capital IQ Consensus Estimate; sees revs $4.6-4.9 bln vs $5.05 bln Capital IQ Consensus Estimate
Comments »U.S. Markets Wax and Wane
Despite some bad news from Europe we managed to bounce off decent economic data here in the U.S.
DOW up 46
NASDAQ up 1.7
S&P up 4
American Express Says Late Payments Narrowly Rose While Defaults Fall
Richard Russell: The Recent Rally is comparable to the tragic fooler bear rally that followed the 1929 crash
Lagarde: Euro Crisis is Accelerating
“The European debt crisis is growing to the point that it won’t be solved by one group of countries, Christine Lagarde, the managing director of the International Monetary Fund said today.
Lagarde said that if countries don’t work together, the world will face a situation similar to the 1930s, before the world slid into World War II.
“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do,” Lagarde said.
If the international community doesn’t work together, “the risk from an economic point of view is that of retraction, rising protectionism, isolation,” Lagarde said. “This is exactly the description of what happened in the ‘30s and what followed is not something we are looking forward to.”
Comments »Realty Trac Warns of a New Round of Foreclosures
Gold Trader Predicts $1000 Gold (video)
High Stakes Final GOP Debate Before Iowa
It’s been 32 weeks since the first Republican presidential debate. Since then, a changing cast of contenders has faced off a dozen times across the country with millions watching at home.
Of the original combatants from that May 5 meeting in Greenville, S.C., only two, Ron Paul and Rick Santorum, remain. There have been four lead changes in national polls, two candidates drop out, four candidates join the field and billions of pixels poured out by reporters and pundits trying to make sense of it all.
Read more: http://trade.cc/rekComments »
S&P Cuts Ratings on 10 Spanish Banks
Gasparino: Morgan Stanley Layoffs Coming $MS
Morgan Stanley (MS: 15.23, +0.17, +1.13%) finally threw in the towel.
After months of denying that the big Wall Street investment bank had plans to announce across-the-board job cuts if business conditions didn’t improve, the firm announced Thursday morning that it will slash about 1,600 jobs, or a little more than 2% of its total workforce.
In July the FOX Business Network was first to report that Morgan was drawing up plans to slash jobs beyond the previously announced cuts of about 300 brokers from its “retail” division — which sells stocks and other securities to individual investors — if business conditions deteriorated. Morgan has the largest retail sales force with about 18,000 brokers.
The FOX Business report was initially denied by press officials at the firm as fear spread among bankers and traders that slowing business conditions were likely to be addressed through job cuts. Adding to the confusion: shares fluctuated wildly over the summer as investors speculated that Morgan was holding sovereign debt and other securities tied to several troubled European countries.
Morgan continues to deny that it has significant exposure to Europe, though today the firm finally confirmed its job cutting plans.
“As we conduct our year-end performance management process and evaluate the right size of the franchise for 2012, we anticipate the elimination of approximately 1,600 positions across the firm globally impacting all job levels — to take place early in the first quarter of 2012,” the firm said in a statement.
Shares of Morgan have fallen more than 40% this year; they rose a little less than 1% on the news.
Morgan isn’t the only firm to announce cutbacks as stiffer regulations and a slowing business environment crimp Wall Street profits. Nearly every major firm is paring back staff, including Morgan’s arch rival, Goldman Sachs (GS: 92.93, -0.32, -0.34%).
Morgan CEO James Gorman has already announced that executives at his firm should expect much smaller bonuses this year, with some receiving no bonus at all.
“The government constraints put on this industry in terms of earning money has never been seen in any other industry,” said securities analyst Dick Bove. “And the result is they have to fire people. This isn’t specific or unique to Morgan Stanley.”
What makes Morgan’s situation unusual is the amount of confusion surrounding the job cuts, and the contingency plans that were in place. Some analysts have speculated that the firm didn’t want to concede it was likely to cut its staff so as not to give credibility to fears it may face losses tied to Europe.
Read more: http://trade.cc/recComments »
China to Form $300 Billion Sovereign Wealth Fund
Lunch Break: Fun With Youtube
[youtube://http://www.youtube.com/watch?v=zV0pl9yiURY 450 300]
[youtube://http://www.youtube.com/watch?v=X6bvfGPqiOk 450 300] Comments »Today’s Largest Percentage Pops
No. Ticker % Change Market Cap
1 ZOLL 28.29 997,230,000
2 SONO 26.74 575,500,000
3 NVLS 21.44 2,330,000,000
4 KIOR 14.65 1,710,000,000
5 APOG 13.16 271,890,000
6 CEDC 12.28 318,240,000
7 ANO 12.16 215,310,000
8 AG 9.02 1,760,000,000
9 HDY 8.80 585,100,000
10 EBIX 8.75 763,420,000
11 WBMD 8.55 2,030,000,000
12 LEAP 7.22 688,730,000
13 ANV 7.16 2,930,000,000
14 SILU 6.38 232,910,000
15 CIE 6.25 3,890,000,000
16 CAMP 6.21 111,330,000
17 GLNG 6.10 3,430,000,000
18 SGNT 6.07 615,890,000
19 MOBI 5.97 129,010,000
20 EGI 5.83 151,350,000
21 UTEK 5.73 593,830,000
22 ARIA 5.66 1,550,000,000
23 DAC 5.54 357,550,000
24 FDX 5.54 24,640,000,000
25 DAL 5.52 6,610,000,000
26 KH 5.50 351,000,000
27 GGC 5.46 647,400,000
28 CRME 5.35 122,870,000
29 ATAI 5.33 212,170,000
30 AKRX 5.02 980,990,000
31 ALNY 5.02 281,990,000
32 MKTX 4.90 1,100,000,000
33 PCS 4.88 3,010,000,000
34 PWRD 4.86 506,850,000
35 RAD 4.82 1,080,000,000
36 PACB 4.78 136,480,000
37 LPHI 4.75 121,390,000
38 CBRX 4.72 187,620,000
39 IGLD 4.67 236,020,000
40 SOQ 4.65 151,390,000
41 FFIN 4.62 995,220,000
42 KLIC 4.56 658,550,000
43 USNA 4.56 489,610,000
44 TCL 4.48 1,070,000,000
45 SGI 4.36 460,780,000
46 ARAY 4.35 256,670,000
47 CCH 4.32 5,360,000,000
48 UFPI 4.30 538,380,000
49 IOC 4.25 2,590,000,000
50 LPX 4.21 1,110,000,000
This Morning’s 52 Week Highs and Lows
NYSE
New Highs 20 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Alaska Air Grp ALK 73.55 68,423 Aviva PLC Sub Cap Secs AVV 24.86 12,630 BlackRock Build Am Bd Tr BBN 20.85 26,769 BlkRk MuniAssets Fd MUA 12.44 12,592 BlkRk MuniYld CA Fd MYC 14.99 8,805 Bristol-Myers BMY 34.17 1,000,405 DTEEnCo.Series6.50% DTZ 26.09 37,565 Eaton Vance Mun Income EVN 12.75 28,270 Fed Premier Intemediate FPT 14.05 8,369 Gallagher AJG 32.74 46,669 Gazit-Globe GZT 9.17 715,017 Eli Lilly LLY 40.73 622,183 Magellan Midstream MMP 66.12 19,112 Nuveen MI Quality Income NUM 14.46 3,000 Nuveen Pa Investment Qual NQP 14.84 2,863 ONEOK Partners OKS 55.03 20,933 PionrMuniAdv Tr MAV 14.10 10,281 Plains All Amer Pipeline PAA 69.00 74,910 RenaissanceRe Hldgs 6.08% RNRpC 24.84 548 Thermon Group Holdings THR 17.24 21,698 New Lows 12 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Advantest Corp ADS ATE 9.91 1,582 Boston Scientific BSX 5.10 2,063,955 Charles River Labs CRL 25.52 220,295 Exelis Inc. XLS 8.41 159,220 Molycorp Mand Conv Pfd A MCPpA 57.95 6,900 Pampa Energia ADS PAM 10.47 991 Prologis PfdL PLDpL 21.60 1,000 7 Days Group Hldgs SVN 11.52 3,940 Sterlite Ind India SLT 7.11 146,729 Syswin ADS SYSW 0.87 5,950 Taomee Holdings ADS TAOM 4.15 11,290 Thermo Fisher Sci TMO 43.06 486,466 NASDAQ
New Highs 14 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ America's Car-Mart CRMT 39.99 6,034 Asure Software ASUR 5.85 4,052 CalAmp CAMP 4.79 48,472 Citizens & Northern CZNC 17.96 1,519 ESB Fincl ESBF 14.47 3,971 First Connecticut Bncp FBNK 13.00 10,323 Multimedia Games Holding MGAM 7.92 11,826 Novellus Systems NVLS 42.48 7,159,192 RTI Biologics RTIX 4.79 63,697 SLM 6.00% Sr. Nts 2043 JSM 19.54 1,668 SonoSite SONO 53.58 6,476,901 Staar Surgical Co STAA 11.70 8,566 Tangoe TNGO 15.79 48,786 Virginia Commerce Bancorp VCBI 6.93 6,977 New Lows 31 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ AVI BioPharma AVII 0.53 623,729 Aastrom Biosciences ASTM 1.90 111,913 Agenus AGEN 2.15 4,141 ApplEntrgtcs AERG 0.06 676,630 AVANIR Pharm (Cl A) AVNR 1.96 228,949 Bank of the Carolinas NC BCAR 0.21 2,945 Biosante Pharmaceuticals BPAX 0.46 22,683,040 Capital City Bank Group CCBG 9.46 51,211 Cardiome Pharma CRME 1.86 44,962 Career Education CECO 6.60 165,478 China Info Technology CNIT 0.74 4,989 Crocs CROX 14.20 164,915 Dehaier Medical Systems DHRM 1.43 1,800 Diamond Foods DMND 26.11 1,710,292 First M & F FMFC 2.61 2,472 First Solar FSLR 32.10 2,098,276 Global X NASDAQ 500 QQQV 24.34 200 Guanwei Recycling GPRC 0.85 1,000 Imperial Sugar Co IPSU 3.17 477,766 Keating Capital KIPO 8.27 4,188 M B T Fincl MBTF 0.90 3,600 Makita (ADS) MKTAY 31.16 84,940 Microvision MVIS 0.35 278,337 National Western Life Ins NWLI 130.00 7,163 Network Equip Tech NWK 1.29 31,552 Newtek Business Services NEWT 1.00 51,236 PLX Tech PLXT 2.52 36,157 Pan American Silver PAAS 21.95 208,128 Poniard Pharmaceuticals PARDD 2.75 900 Sina SINA 53.51 966,516 Trident Microsystems TRID 0.19 195,628
Comments »
This Morning’s Money Flows, Heat Map, and A/D Line
Money flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Michael Kors Holdings KORS NYSE 24.85 +207.1 4.27
Oracle ORCL NASD 29.60 +41.2 4.42
Apple AAPL NASD 381.58 +31.5 1.18
Laredo Petroleum Hldgs LPI NYSE 17.74 +18.1 2.56
SPDR S&P 500 SPY ARCA 123.13 +17.4 1.09
ExxonMobil XOM NYSE 80.56 +17.3 1.75
SuccessFactors SFSF NYSE 39.74 +17.0 4.92
Merck MRK NYSE 36.09 +16.7 1.96
IBM IBM NYSE 190.74 +16.7 1.85
Google GOOG NASD 622.30 +15.1 1.19
PwrShrs QQQ Tr Series 1 QQQ NASD 55.23 +12.4 1.60
Johnson & Johnson JNJ NYSE 64.09 +11.9 2.46
Pfizer PFE NYSE 21.19 +11.5 1.96
Coca-Cola KO NYSE 67.35 +11.1 1.98
Caterpillar CAT NYSE 88.00 +10.9 1.48
General Electric GE NYSE 16.81 +10.8 1.65
UnitedHealth Group UNH NYSE 48.50 +10.6 2.34
Baidu BIDU NASD 115.00 +10.5 1.19
Philip Morris Intl PM NYSE 76.04 +10.1 2.12
Joy Global JOY NYSE 76.04 +8.6 1.88
ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Bonanza Creek Energy BCEI NYSE 15.25 -26.4 0.16
iShrs Tr Russell MC Val IWS ARCA 42.22 -24.9 0.02
McDonald's MCD NYSE 98.57 -19.3 0.35
Home Depot HD NYSE 39.94 -18.7 0.44
Microsoft MSFT NASD 25.80 -15.8 0.55
Bank Of America BAC NYSE 5.33 -11.0 0.65
Intel INTC NASD 23.55 -10.6 0.53
iShs Brclys Aggregate Bd AGG ARCA 109.85 -10.5 0.24
JPMorgan Chase JPM NYSE 32.20 -10.1 0.67
Aetna AET NYSE 40.40 -9.9 0.41
Procter & Gamble PG NYSE 65.04 -9.1 0.56
Vanguard MSCI European VGK ARCA 41.96 -9.0 0.25
Schlumberger SLB NYSE 67.83 -8.4 0.63
Lam Research LRCX NASD 38.03 -8.0 0.76
Petoleo Brasil A PBR/A NYSE 24.08 -7.9 0.25
Qualcomm QCOM NASD 53.09 -7.9 0.62
United Parcel Service B UPS NYSE 72.11 -7.3 0.61
FedEx FDX NYSE 81.24 -7.3 0.84
DirecTV Group Inc DTV NASD 44.77 -7.3 0.56
Green Mountain Coffee GMCR NASD 44.73 -7.0 0.79
Comments »
Most Active Options Trades This Morning
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 1/21/12 7.5000 2200 0.0300 dn 0.0100 LVS 1/21/12 41.0000 300 2.6000 up 0.1600 AAPL 12/17/11 385.0000 160 1.1300 dn 0.2700 GLD 12/17/11 153.0000 157 1.7200 up 0.3100 HL 1/21/12 6.0000 151 0.3200 dn 0.1200 VLO 12/17/11 21.0000 143 0.2200 up 0.1000 GOOG 12/17/11 635.0000 137 0.2500 dn 0.1500 AAPL 12/23/11 395.0000 124 1.7000 dn 0.1000 AMR 1/21/12 1.0000 123 0.1000 up 0.0100 GLD 12/17/11 156.0000 121 0.4100 dn 0.0700 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE ORCL 1/21/12 32.0000 181 2.7000 up 0.0200 GLD 12/17/11 154.0000 175 1.0500 dn 0.9700 GLD 2/18/12 150.0000 167 4.6000 dn 0.7300 GLD 2/18/12 155.0000 165 6.8700 dn 0.9300 GLD 12/17/11 151.0000 144 0.3000 dn 0.5000 XOM 1/21/12 75.0000 101 0.8300 dn 0.2800 XOM 7/21/12 60.0000 100 1.7200 dn 0.1000 AMZN 12/17/11 180.0000 99 1.5200 dn 1.4800 AAPL 12/17/11 380.0000 91 2.0700 dn 1.3300 RIMM 12/17/11 15.0000 70 0.9000 up 0.0900 -VOLUME- CALLS PUTS TOTAL 13018 15165 28183
CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE GOOG 12/17/11 640.0000 1535 0.2500 up 0.1000 BAC 1/21/12 6.0000 1389 0.1600 dn 0.0100 PFE 12/17/11 21.0000 1243 0.2300 up 0.1000 PFE 12/17/11 20.0000 1014 1.1500 up 0.2600 MRK 12/17/11 35.0000 1000 0.9500 up 0.2500 INTC 12/17/11 23.0000 983 0.5900 up 0.1500 VLO 12/17/11 21.0000 883 0.2300 up 0.1300 AAPL 12/17/11 380.0000 821 3.1500 dn 0.2500 TRGT 1/21/12 12.5000 811 0.5000 up 0.1000 GLD 12/17/11 154.0000 793 1.1500 up 0.1100 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE ORCL 1/21/12 32.0000 2955 2.9200 up 0.2400 APKT 2/18/12 32.5000 1424 4.3000 up 0.0000 PAY 12/17/11 40.0000 1115 2.1000 up 0.9500 FXE 6/16/12 125.0000 1000 4.1500 dn 0.1500 ORCL 12/17/11 30.0000 957 0.4000 dn 0.0200 WLP 12/17/11 70.0000 918 4.8500 dn 1.5000 RIMM 12/17/11 13.0000 713 0.2600 up 0.0400 FDX 12/17/11 82.5000 684 1.7400 dn 4.1100 TSLA 12/17/11 30.0000 586 1.0500 dn 0.6500 LLY 1/21/12 35.0000 586 0.1200 dn 0.0200 -VOLUME- CALLS PUTS TOTAL 208116 253682 461798Comments »
