No. Ticker Industry % Change
1 MDW Gold 13.51
2 GOLD Gold 7.52
3 KGN Gold 7.29
4 NG Gold 6.91
5 VGZ Gold 6.78
6 RBY Gold 6.59
7 MGH Gold 6.47
8 GSS Gold 6.45
9 ANV Gold 6.37
10 AZK Gold 5.94
11 UXG Gold 5.93
12 GG Gold 5.88
13 THM Gold 5.70
14 EGO Gold 5.67
15 XRA Gold 5.63
16 ABX Gold 5.47
17 KGC Gold 5.43
18 GBG Gold 5.41
19 BRD Gold 5.26
20 AUY Gold 5.15
21 NSU Gold 5.03
22 RIC Gold 4.98
23 IAG Gold 4.97
24 BVN Gold 4.76
25 NEM Gold 4.43
Crack Spreads Are Soaring
Crack spreads are up 4.6% to $25.78. Refinery related stocks are responding in kind with gains in WNR, ALJ and HOC.
Comments »NASDAQ Rebalancing Takes a Bite Out of Apple
NASDAQ rebalancing will reduce the weighting in AAPL from 20% to approximately 12%. The big winner will be Microsoft, with its weighting jumping to 8.3% from 3.4%. These changes will likely spur selling in shares of AAPL by managers who are pegged to the index.
The rebalancing is likely to kick off waves of trading in the stock market as money managers scramble to adjust holdings to reflect the new composition of the index. There are more than 2,900 financial products tracking the Nasdaq-100 in 27 countries, Nasdaq says. That includes the $24.4 billion PowerShares QQQ exchange-traded fund, which over the past year has been the sixth most actively traded stock on U.S. exchanges.
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Moody’s Cuts Portugal to Baa1 From A3
They cite politically uncertainty.
Comments »China to Make Up 20% of Luxury Market by 2015
Libyan Rebels Trick Qadaffi Forces in Misrata
Ha, ha, you’re dead!
Comments »Wefaq Libya Reports from Misrata:
For each battle, one way to win includes this war trick! Because our freedom fighters have a sense of humor, they’ve been inspired to use this method to overcome the tyrant. Several days ago, the freedom fighters unloaded the fuel station located on a the service road for heavy transport vehicles. The gasoline it contained was emptied and was replaced with water instead. The freedom fighters then retreated thus leaving the fueling station to be accessible to the nearby Gaddafi brigade. Because it’s easy to trap a mouse in a trap, the rats of Gaddafi looted the fuel station and started filling their armored vehicles with ‘fuel’! When they attempt to leave, their vehicles stopped moving , and that is when our freedom fighters ambushed them! Gaddafi’s solders were forced to flee leaving their dead vehicles behind. I guess the next time they want to fill up, they’ll have to taste the fuel to be sure!
Flash: France Cuts Growth to 2% from 2.5%
On that news, European shares are expected to open flat to slightly lower.
Comments »TEPCO Shares Plunge to 1951 Levels
Dumping toxic fluids into the ocean is pissing off fishermen. Shares are down 15%.
Comments »Libyan Rebels Desire to Get Rich Off Oil Assets
Today’s Biggest Winners/Losers
No. Ticker % Change
1 AIB 39.10
2 MSSR 29.49
3 HEAT 20.52
4 COOL 19.21
5 CT 17.48
6 IRE 16.36
7 ACUR 16.12
8 AEN 15.59
9 OREX 14.58
10 PSTI 14.34
11 AXK 13.56
12 XING 12.06
13 FFHL 11.96
14 EPIC 11.74
15 MCP 11.70
16 TIV 10.93
17 ZHNE 10.37
18 CONN 10.28
19 VHC 10.21
20 DAC 10.16
21 MCZ 10.00
22 ONSM 9.77
23 TZOO 9.70
24 RMTR 9.69
25 GRN 9.66
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No. Ticker % Change
1 DGW -37.70
2 FMAR -32.88
3 ASTI -22.90
4 APP -19.44
5 HRZ -18.05
6 RVSN -16.81
7 HMPR -16.67
8 JGBO -14.20
9 XPRT -12.89
10 IBNK -12.82
11 SCEI -12.22
12 PLUG -11.70
13 OSBC -10.43
14 KGJI -10.13
15 COIN -10.00
16 CVVT -9.98
17 CCCL -9.11
18 SODA -8.80
19 TPI -8.56
20 MERU -8.37
21 MTSN -8.20
22 MXC -8.00
23 MED -7.94
24 STRZ -7.82
25 FTWR -7.80
Data provided by The PPT
Comments »Another Chinese Fraud: DGW
CFO jumping ship.
Via Briefing.com
Comments »Duoyuan Global Water announces pending management transition (3.99 -1.50)
Co announced a pending executive management transition. Chief Financial Officer, Stephen C. Park, announced his intention to leave the Company to pursue another professional opportunity. In order to assist with the transition, Mr. Park intends to remain with Duoyuan until the completion of the third party review or June 30, 2011, whichever is earlier. The Company is in the process of engaging a professional international search firm to assist in appointing a successor. Mr. Wenhua Guo, the Co’s Chairman and Chief Executive Officer, stated, “Steve’s expertise and leadership during the IPO and subsequent public company reporting periods has been invaluable to us. We are actively initiating the new hire recruitment process, and some of the key qualities we seek include knowledge of the U.S. capital markets, a strong accounting background and experience in communicating with a diversified shareholder base”.
National Semi to be Acquired by Texas Instruments for $25 per share
TXN will acquire NSM for $6.5 billion, in an all cash deal. That’s a 78% premium from today’s closing price. Shares of semiconductor stocks are soaring the after hours trading.
Comments »TXN and NSM Halted: News Pending
Asia Higher, Europe Higher, US Futures Higher
Asia closed at the highs, led by gains in Hong
Kong. Europe opened lower; but has reversed higher. And, US futures are up about 0.25%, also reversing earlier losses.
Related: commodities are strong.
Comments »The IRS Targeting the Rich, Lenin Style
Over 18% of people earning $10 million or more were audited. Absolutely ludicrous.
Comments »Flash: TEPCO to Release Radioactive Water into the Sea
However, they promise the levels of radiation are “lower.”
Comments »Israel Deploys the Iron Dome
“With the financial help of the Americans, we hope to equip ourselves with four new ‘Iron Dome’ batteries so we will have six in operation in the next two years.”
Comments »Crack Spreads Edge Higher
Spreads continue to gain, now up 0.45% to $24.29.
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