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Monthly Archives: February 2013

After Hours Shakers and Movers

Source and more stocks for junkies…

 

Symbol Company Name Last Change Volume
SPY SPDR S&P 500 ETF Trust 152.23 -0.06 -0.04% 5,484,514
EEMV iShares MSCI Emerging … 61.51 +0.03 +0.04% 1,500,798
QQQ PowerShares QQQ Trust … 67.92 -0.03 -0.04% 1,256,467
FCH Felcor Lodging Trust Inc. 5.33 +0.02 +0.38% 997,321
DELL Dell Inc. 13.70 -0.01 -0.07% 952,300
RAI Reynolds American Inc. 43.49 +0.05 +0.10% 840,088
CSCO Cisco Systems Inc. 20.98 -0.01 -0.05% 776,006
JNK SPDR Barclays High Yie … 40.74 -0.01 -0.03% 639,400
NWSA News Corp. Cl A 28.48 -0.01 -0.04% 612,142
IWM iShares Russell 2000 I … 91.64 -0.07 -0.08% 612,008
FTR Frontier Communication … 4.22 -0.02 -0.55% 552,754
BSV Vanguard Short-Term Bo … 80.84 -0.02 -0.02% 502,169
BP BP PLC ADS 42.29 +0.02 +0.05% 500,000
GE General Electric Co. 23.29 -0.12 -0.53% 481,689
CBS CBS Corp. Cl B 41.85 -1.09 -2.54% 459,983
NDAQ NASDAQ OMX Group Inc. 30.68 +0.08 +0.27% 421,020
ILF iShares Trust S&P Lati … 44.38 -0.04 -0.09% 402,817
TLT iShares Trust Barclays … 116.87 +0.03 +0.03% 400,982
ARR Armour Residential REI … 6.68 -0.02 -0.30% 384,076
ABBV AbbVie Inc. 36.14 -0.43 -1.17% 381,372
EEM iShares Inc. MSCI Emer … 44.12 -0.03 -0.06% 369,284
CTL CenturyLink Inc. 32.26 -0.01 -0.03% 368,240
GDX Market Vectors ETF Tru … 41.32 -0.04 -0.10% 368,102
YNDX Yandex N.V. Cl A 25.73 +0.07 +0.27% 361,200
GILD Gilead Sciences Inc. 41.53 -0.07 -0.16% 349,649

From NASDAQ.com 

As of 2/14/2013 4:21:38 PM

Symbol Company Last Sale* Change Net / % Share Volume

QQQ

PowerShares QQQ Trust, Series 1 $ 67.89 0.06  0.09% 1,426,581
Dell Inc. $ 13.70 unch 981,361
Cisco Systems, Inc. $ 21 unch 839,486
News Corporation $ 28.49 unch 645,727
Qlik Technologies Inc. $ 25.79 3.03  13.31% 589,838
Amgen Inc. $ 85.212 0.472  0.56% 566,445
SBA Communications Corporation $ 68.11 unch 557,683

FTR

Frontier Communications Corporation $ 4.21 0.03  0.71% 555,418
Brocade Communications Systems, Inc. $ 5.97 0.03  0.50% 458,372
The NASDAQ OMX Group, Inc. $ 30.60 unch 421,871

NASDAQ Ten Most Advanced

As of 2/14/2013 4:18:04 PM

Symbol Company Last Sale* Change Net / % Share Volume
Qlik Technologies Inc. $ 25.79 3.03  13.31% 589,838

TFM

The Fresh Market, Inc. $ 50.2181 4.1681  9.05% 5,016
Mondelez International, Inc. $ 27.7897 1.2197  4.59% 287,254
Insulet Corporation $ 22.5522 0.9422  4.36% 3,400
Digital Generation, Inc. $ 9.4735 0.3035  3.31% 5,600
QuinStreet, Inc. $ 6.5906 0.2106  3.30% 3,100
United Natural Foods, Inc. $ 56.3593 1.7293  3.17% 6,447
Multimedia Games Holding Company, Inc. $ 18.6533 0.4533  2.49% 4,100
ACI Worldwide, Inc. $ 48.3108 1.0408  2.20% 8,976
Apollo Group, Inc. $ 19.0772 0.3972  2.13% 20,606

NASDAQ Ten Most Declined

As of 2/14/2013 4:01:50 PM

Symbol Company Last Sale Change Net / % Share Volume
LogMein, Inc. $ 19.17 4.49  18.98% 19,455
Accuray Incorporated $ 4.2861 0.2839  6.21% 54,300
Lufkin Industries, Inc. $ 60.5965 3.9635  6.14% 3,700
GT Advanced Technologies, Inc. $ 3.5649 0.1951  5.19% 168,600

BDE

Black Diamond, Inc. $ 7.95 0.42  5.02% 3,100
SIGA Technologies Inc. $ 3.8829 0.1971  4.83% 4,000
MarketAxess Holdings, Inc. $ 38.4149 1.8451  4.58% 3,800
TASER International, Inc. $ 8.4679 0.3521  3.99% 8,600
Monotype Imaging Holdings Inc. $ 19.979 0.661  3.20% 4,600
Edgewater Technology, Inc. $ 3.7229 0.1071  2.80% 3,000

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$CBS Misses Estimates, Company Will Double Their Buy Back Program

 

“ANGELES (AP) — CBS Corp.’s revenue and earnings grew in the final quarter of the year, but the results fell short of analysts’ forecasts, sending shares down in after-market trading.

Net income in the three months through Dec. 31 came to $393 million, or 60 cents per share. That’s up from $370 million, or 55 cents per share, a year earlier.

Excluding discontinued operations, adjusted earnings came to 64 cents per share. That was below the 69 cents expected by analysts polled by FactSet.

Revenue grew 2 percent to $3.7 billion, below the $3.83 billion analysts were expecting….”

Full report

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$BRCD Beats Estimates, Swings to a Loss

“SAN JOSE, CA–(Marketwire – Feb 14, 2013) – Brocade® ( NASDAQ : BRCD ) today reported financial results for its first fiscal quarter ended January 26, 2013. Brocade reported record first quarter revenue of $588.7 million, representing an increase of 5% year-over-year and 2% quarter-over-quarter. The company reported a GAAP loss per share of $(0.05), down from a profit of $0.12 per diluted share in Q1 2012. The Q1 2013 net loss was principally due to a non-cash tax charge, which reduced the company’s deferred tax assets as a result of a recent change in the California tax code. On a comparative basis, non-GAAP diluted EPS was $0.21, up from $0.20 in Q1 2012.

“Brocade achieved record revenue in Q1 based on strong performances in both our storage and IP networking businesses,” said Lloyd Carney, CEO of Brocade. “As the new CEO, it is my top priority to ensure that the company continues to execute well in our core businesses to drive growth and shareholder value. Looking forward, I see new opportunities emerging in the networking industry due to disruptive IT market trends that are challenging the capabilities of today’s networks. It is clear that customers are looking for new technologies and approaches in networking to meet these challenges. I am excited and honored to navigate the company forward, delivering on these customer requirements in a way that drives top-line revenue through both innovation and operational efficiency.”…”

Full article

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$A Profits Fall 22%

“SAN FRANCISCO (MarketWatch) — Agilent Technologies Inc. A -8.79% saw its shares fall more than 9% in after-hours trading Thursday following the company’s fiscal first-quarter results. Agilent said it earned $179 million, or 51 cents a share, on revenue of $1.68 billion for the quarter ended Jan. 31. During the same period a year ago, Agilent earned $230 million, or 65 cents a share, on $1.64 billion in sales. Excluding one-time items, Agilent would have earned 63 cents a share. Analysts surveyed by FactSet had forecast Agilent to earn 67 cents a share on $1.69 billion in revenue….”

Full report

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401k Levels Hit record Highs

” A combination of investment gains and worker contributions helped push the average amount stashed in a 401(k) to its highest level ever by the end of 2012, according to the latest Fidelity Investments analysis of the retirement-savings plans it manages.

But the average, while 12% higher than a year earlier, totals just $77,300, according to Fidelity’s data, which covers 12 million participants. That is a fairly dismal sign that there are some difficult retirement years ahead for many savers.

Still, that overall average balance counts savers young and old, so presumably many of those people have years of contributions ahead of them.

Meanwhile, for workers aged 55 and over, the average balance is $143,300. Not so great, but there is a chance these savers have other workplace plans or IRAs not covered by Fidelity’s data…..”

Full article

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$Z Pops 12% on Earnings and Outlook

 

“Zillow (Z) shares were up 12% in early trading Thursday, at a nearly five-month high, after the online real estate company late Wednesday topped Wall Street’s Q4 forecasts and Q1 outlook, saying it drew a record number of users in January.

Mobile users are flocking to the company’s apps, says Zillow CEO Spencer Rascoff.

“We had more visits to Zillow on mobile than on the desktop” in Q4, Rascoff told IBD late Wednesday. “That’s a terrific accelerant to our business, because we monetize so well on mobile.”

Seattle-based Zillow reported a 2-cent-per-share profit for the quarter, down from 3 cents in Q4 2011 but ahead of the break-even quarter expected by analysts.

Revenue rose 73% to $34.3 million, better than the $31.3 million expected on Wall Street, according to FactSet Research….”

Full article

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$SNX Sees Unusually High Volume as Take Over Chatter Builds

 

Great Stock Value (NYSE: SNX)

Shares of SNX traded higher by 0.21% or $0.08/share to $37.69. NYSE is trading at a price to book ratio of 1.04. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.88 suggesting that the shares are trading at an excellent value relative to firm’s growth rate. The price to sales ratio came in at 0.14. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 153748 shares of SNX exchange hands on a given day and today’s volume is recorded at 657357. …”

Full report

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$MS: Spain to Usurp Germany as Europe’s Largest Exporter

“Spain is set to usurp Germany as the strongman of Europe, due to the increasing competitiveness of its exports, say Morgan Stanley analysts, who think fiscal rebalancing will continue in the country despite its current political turmoil.

“Spain, where unit labor costs are falling due to recession and reforms, and where exports performance is strong, is on its way to become the euro area’s next Germany,” wrote analysts Joachim Fels and Sung Woen Kang in a weekly note on the global economy.

“Germany, helped by super-low interest rates, rising wages and inflating property prices, will see domestic demand improving and its external competitiveness deteriorating.”

Fels told CNBC.com it would take three-to-five years for Spain to rival Germany as an export-led economy, due to the time lag before fiscal and structural reforms are felt.

He said that labor costs will remain low in Spain even when it recovers from recession, as “unemployment will still be high for years to come.”

But Moorad Choudhry, a professor at Brunel University, disputed Fels’s view that high unemployment benefited Spain’s economy….”

Full article

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Learn About the Secrets to Trading That Hedge Funds Prefer to Keep on the Down Low

” The large operator does not, as a rule, go into a campaign unless he sees in prospect a movement of from 10 to 50 points. Livermore once told me he never touched anything unless there were at least 10 points in it according to his calculations.”

 

So writes Richard Wyckoff, the legendary trader who in the 1930s wrote a manifesto that gained him a cult following on Wall Street.

His 1931 book, The Richard D. Wyckoff Method of Trading and Investing in Stocks – A Course of Instruction in Stock Market Science and Technique, is somewhat difficult to find these days (not impossible), but even in 2013, hedge fund managers still swear by it.

One of the key takeaways from the book is that if you want to succeed, you have to learn to recognize the professionals and understand what they are doing. That’s what those who follow Wyckoff do – they watch the big operators.

Wyckoff walks us through the process of how a big operator will manipulate a stock up or down – so that next time one sees it unfolding on the screen before his or her own eyes, he or she can react accordingly.

Full article

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Oscar Pistorius is Charged With Shooting Girlfriend for Valentines Day

“Oscar Pistorius was one of the biggest stars of this past summer’s Olympic games in London.

The double-amputee sprinter from South Africa performed far better than anyone had expected, overcoming incredible adversity.

Now everything has been turned upside down.

The shocking news today is that he has been arrested for allegedly murdering his girlfriend, model Reeva Steenkamp, at his home in South Africa.

The circumstances are unclear and disputed. There were initial reports that he may have mistaken Steenkamp for a burglar. And according to one report, this may have been the result of a Valentine’s Day surprise.

Just yesterday, Steenkamp tweeted about having something up her sleeve…”

Full article

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U.S. Judge Accepts Transocean’s $400m Macondo Settlement

“(Reuters) – A federal judge on Thursday accepted Transocean Ltd’s guilty plea for violating the U.S. Clean Water Act and the rig contractor’s payment of $400 million to settle U.S. criminal charges over the 2010 Gulf of Mexico oil spill at BP Plc’s Macondo well.
U.S. District Judge Jane Triche Milazzo, of U.S. District Court for the Eastern District of Louisiana, accepted the plea, citing the resulting large fine as a good example of the “deterrent effect of the plea process.”
The overall settlement, unveiled last month by the U.S. Department of Justice, included $1 billion in civil penalties in addition to the $400 million in criminal penalties.
The Deepwater Horizon rig, which was owned by Transocean and contracted by BP, was drilling a mile-deep well on April 20, 2010, when a surge of methane gas caused a blowout that killed 11 workers. The well spewed 4.9 million barrels of oil into the Gulf of Mexico for 87 straight days, unleashing a torrent of oil that fouled the shorelines of four Gulf Coast states and eclipsed the 1989 Exxon Valdez spill in Alaska in severity.
The accident led to a months-long U.S. deepwater ban and intense scrutiny of the offshore drilling industry, which is now booming worldwide despite lingering public concerns.
Transocean, employer of nine of the 11 workers killed, had set aside $1.5 billion for the DOJ out of a $1.95 billion loss provision for the disaster.
Transocean must still seek a settlement with the plaintiffs committee representing more than 100,000 individuals and business owners claiming economic and medical damages, so the ultimate cost of Macondo to Transocean could end up being higher. A trial is scheduled to start this month that will sort out many remaining civil claims related to the spill….”

Full article

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$MRK To Settle Enhance Lawsuit for $688m

“(Reuters) – Merck & Co has agreed to pay $688 million to settle two U.S. class-action lawsuits by shareholders who said they lost money because the company concealed the poor results of a clinical trial of the anti-cholesterol drug Vytorin.

The federal lawsuits, led by several pension funds, alleged that Merck and Schering-Plough Corpknew more than a year in advance that the trial, known as Enhance, was a failure, but withheld that information from investors.

Shares of Merck fell nearly 15 percent and Schering fell nearly 21 percent on March 31, 2008, the first trading day after full trial results were released at the American Conference of Cardiology in Chicago. The companies merged in November 2009.

Law firms representing some of the plaintiffs said the combined settlements are among the 10 largest in a securities class-action that did not involve a restatement of financial results.

Christopher McDonald, a partner at Labaton Sucharow representing Schering investors, in a telephone interview said the settlements allow a “significant recovery” for shareholders.

He said that while the federal government has been successful in pursuing large fraud cases against some pharmaceutical companies, “it hasn’t translated into any significant uptick in settlements of securities cases.”

Merck, based in Whitehouse Station, New Jersey, said it has recorded a $493 million after-tax charge for the settlements, reducing the company’s previously reported profit per share for the 2012 fourth quarter to 30 cents from 46 cents….”

Full article

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Market Update

U.S. equities got off to a negative start thanks in part to Europe’s worse than expected GDP data and guidance.

Old man Buffet brought some love to the markets with a $28 billion acquisition of $HNZ. This takeover is likely the culprit of improving investors mood which  helped the markets to pare most of their losses.

Europe closed on the lows of the day given their outlook.

Oil is rangebound flirting with new highs while gold and silver trade flat on the day.

The dollar has no doubt found strength off Europe’s woes.

The story

Market update

3 D heat map

[youtube://http://www.youtube.com/watch?v=kRdtKUWn_wI 450 300]

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AB InBev to Give Up Modelo Assets

“Anheuser-Busch InBev NV (BUD, ABI.BT) agreed to give up key U.S. assets and beer licenses of Grupo Modelo SAB (GPMCY, GMODELO.MX) worth $4.75 billion to fend off U.S. antitrust regulators and push through its $20.1 billion takeover of the Mexican brewer.

 

AB InBev, the world’s biggest beer maker by revenue, will grant perpetual rights for the popular Corona and Modelo lager brands in the U.S., as well as sell its Piedras Negras bottling factory in Mexico, to U.S.-based Constellation Brands Inc. (STZ, STZB), the No. 1 wine group, for a total of $2.9 billion.

AB InBev will also sell Modelo’s 50% stake in Crown Imports, a U.S. beer importer and distributor, to its joint-venture partner Constellation for $1.85 billion, the companies said.

Leuven, Belgium-based AB InBev already owns 50% of Modelo, but at the end of last month the U.S. government filed a lawsuit seeking to block a full takeover. Regulators are concerned the deal would restrict competition and push up prices for beer drinkers, amid growing big-brewer dominance in the mainstream lager market.

“I can’t comment on a specific proposal. However, we would give any proposal serious consideration and at the same time we would continue to prepare for litigation,” said Gina Talamona, a spokeswoman for the U.S. Department of Justice in Washington, D.C….”

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Central Banks Buy the Most Gold Since 1964

“Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on record. Global gold demand in the fourth quarter of 2012 was up 4% to 1,195.9 tonnes.

Central bank buying for 2012 rose by 17% over 2011 to some 534.6 tonnes. As far as central bank gold buying, this was the highest level since 1964. Central bank purchases stood at 145 tonnes in the fourth quarter. That is up 9% from the fourth quarter of 2011, and the eighth consecutive quarter in which central banks were net purchasers of gold.

The World Gold Council said:

Central banks’ move from net sellers of gold, to net buyers that we have seen in recent years, has continued apace. The official sector purchases across the world are now at their highest level for almost half a century.

If you want to know why Silver Wheaton Corp. (NYSE: SLW) is changing its mix to gold and silver, now you know. Investors of the SPDR Gold Shares (NYSEMKT: GLD) and ETFS Physical Swiss Gold Shares (NYSEMKT: SGOL) will want to pay attention to lower gold demand. There were some interesting observations:

Read more

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Hedge Funds and Money Managers Bank Coin Courtesy of Samurai Abe

“Some of the biggest U.S. hedge-fund investors have made billions betting against the yen, exploiting Japan’s determination to weaken its currency and boost its economy.

Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British pound in the 1990s, has scored gains of almost $1 billion on the trade since November, according to people with knowledge of the firm’s positions. Others reaping big trading profits by riding the yen down include David Einhorn‘s Greenlight Capital, Daniel Loeb‘s Third Point LLC and Kyle Bass’s Hayman Capital Management LP, investors say….”

Full article

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Gapping Up and Down This Morning

NYSE  $HNZ is the star of the morning @ $72.59 up $12 bones or 20%

GAINERS

Symb Last Change Chg %
TRLA.N 29.00 +5.21 +21.90
PES.N 8.50 +1.00 +13.33
NTI.N 29.04 +1.11 +3.97
SSTK.N 25.15 +0.79 +3.24
AMRE.N 18.40 +0.54 +3.02

LOSERS

Symb Last Change Chg %
RKUS.N 22.82 -3.05 -11.79
WWAV.N 15.70 -0.71 -4.33
PANW.N 55.16 -1.55 -2.73
RESI.N 17.59 -0.41 -2.28
EGL.N 18.83 -0.36 -1.88

NASDAQ

GAINERS

Symb Last Change Chg %
RSOL.OQ 2.49 +0.99 +66.00
PBMD.OQ 3.69 +0.69 +23.00
RPXC.OQ 13.05 +2.36 +22.08
USMD.OQ 14.30 +2.35 +19.67
MEIP.OQ 5.60 +0.90 +19.15

LOSERS

Symb Last Change Chg %
EZCH.OQ 25.56 -6.68 -20.72
LTRE.OQ 4.17 -1.07 -20.42
ATOS.OQ 6.98 -0.97 -12.20
PLCM.OQ 10.12 -1.31 -11.46
PRCP.OQ 6.81 -0.79 -10.39

AMEX 

GAINERS

Symb Last Change Chg %
REED.A 5.33 +0.03 +0.57
BXE.A 5.10 +0.02 +0.39
MHR_pe.A 24.10 +0.07 +0.28

LOSERS

Symb Last Change Chg %
FU.A 3.18 -0.21 -6.19
EOX.A 6.70 -0.10 -1.47
SVLC.A 2.41 -0.03 -1.23
SAND.A 11.98 -0.10 -0.83
ALTV.A 11.27 -0.08 -0.70

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