Garbage.
Comments »Flash: Dow Closes Out Below 12,000
The Dow was down for the 6th consecutive week, worst streak since 2002.
Comments »Best Performing ETF’s (2 weeks)
No. Ticker 2-week Return Market Cap
1 TZA 20.51 566,495,110
2 FAZ 18.66 1,209,974,941
3 CZI 17.58
4 SOXS 16.63 12,628,071
5 SRTY 15.99 26,859,269
6 TYP 15.53 55,187,309
7 SKK 14.73 12,481,165
8 BXDC 14.67 0.00
9 DRV 14.61 112,467,012
10 TWM 13.56 509,350,415
11 SSG 13.17 23,833,725
12 BGZ 13.12 313,326,207
13 DUST 12.76
14 SPXU 12.69 242,799,747
15 SKF 12.47 604,401,504
16 MWN 12.47 13,143,779
17 MZZ 11.65 38,448,784
18 SDD 10.96 19,411,490
19 SMN 10.57 142,969,691
20 SDK 10.55 6,763,420
21 REW 10.42 20,475,956
22 LEDD 9.91
23 SGG 9.49 2,558,868,000
24 SJH 9.30 8,013,066
25 QID 8.96 874,180,772
Worst Performers (2 weeks)
No. Ticker 2-week Return Market Cap
1 RENN -29.31 4,120,000,000
2 IRE -27.81 1,680,000,000
3 CIEN -27.30 1,810,000,000
4 MTG -27.05 1,150,000,000
5 AMRN -25.08 2,060,000,000
6 VRA -24.86 1,570,000,000
7 NOK -23.84 23,340,000,000
8 IPXL -23.73 1,350,000,000
9 FNSR -22.93 1,900,000,000
10 YOKU -22.63 3,470,000,000
11 SVM -21.92 1,540,000,000
12 SINA -21.34 5,720,000,000
13 TTMI -21.13 1,120,000,000
14 PANL -21.11 1,680,000,000
15 EXEL -19.61 1,200,000,000
16 RSH -19.50 1,360,000,000
17 ASIA -18.97 1,040,000,000
18 LNKD -18.57 6,800,000,000
19 JOSB -18.34 1,280,000,000
20 ODP -18.27 1,010,000,000
21 BC -18.25 1,600,000,000
22 BVN -17.86 9,630,000,000
23 MGM -17.86 6,370,000,000
24 RLD -17.80 1,230,000,000
25 NWL -17.79 4,300,000,000
Details of the Bilderberg Meeting Leaked
NIKKEI Opens Higher
Japan up 1.3%, leading the way to a bullish Asian tonight.
Comments »China-Scams Continue to Lose Investors Money
Despite today’s melt up, the China-scam sector got killed.
No. Ticker % Change Industry
1 WH -18.27 Chinese Burritos
2 CHBT -14.52 Chinese Burritos
3 RENN -12.56 Chinese Burritos
4 ALN -11.70 Chinese Burritos
5 CCIH -10.29 Chinese Burritos
6 DATE -10.26 Chinese Burritos
7 CDII -8.82 Chinese Burritos
8 CGA -8.80 Chinese Burritos
9 CTFO -8.29 Chinese Burritos
10 CSKI -8.26 Chinese Burritos
11 SPU -6.50 Chinese Burritos
12 BONA -6.46 Chinese Burritos
13 SINA -6.40 Chinese Burritos
14 DANG -6.28 Chinese Burritos
15 TPI -6.25 Chinese Burritos
16 OSN -6.16 Chinese Burritos
17 NCTY -5.82 Chinese Burritos
18 YTEC -5.78 Chinese Burritos
19 SUTR -5.69 Chinese Burritos
20 CIS -5.56 Chinese Burritos
21 HOGS -5.55 Chinese Burritos
22 CHNG -5.46 Chinese Burritos
23 ZA -5.17 Chinese Burritos
24 RCON -5.04 Chinese Burritos
25 SYSW -5.00 Chinese Burritos
Bizarro: Fed Passes China as Largest Creditor to the US
As a result of its asset purchase program (QE2), the Federal Reserve at the end of 1Q held about 14% of total outstanding federal debt (debt held by the public). It is, therefore, now the single-largest creditor of the US government.
According to separate data from the Treasury Department, China is ranked second. It owned in late March Treasuries worth USD 1,145bn, which is slightly less than 12% of the total amount outstanding.
Comments »Flash: European Markets Rally; US Futures Improve
Euroland is rally, with Germany in the lead, up by 0.7%.
Related: S&P futures are up more than 7.
Comments »Asian Losses Moderate; U.S. Futures Climb
Japan and Korea are down less than 0.3% and Hong Kong is off by .5%.
Australia and Taiwan are slightly higher.
S&P Futures are higher by 5 points
Comments »Flash: Anthony Weiner’s Wife is Pregnant
Oh boy.
Comments »Flash: Texas Instruments Blames Short Fall on Nokia
During their conference call, the company blamed weak guidance on their business with Nokia, across a number of product lines.
UPDATE: Notes from the call.
|
Texas Instruments conf. call summary- co lowered Q2 guidance because of one customer (32.67 -0.60)
Co said it lowered Q2 guidance due to lower demand from a single wireless customer where most of its sales are baseband products.
In its non-baseband products, no single end customer will make up more than 5% of its revs in the first half of this year. Orders are solid… they’re not exceptionally strong, but co expects they will be up from last quarter where we did have strong growth. Japan will be down at a double digit level… so there clearly is weaker demand in that particular region. Outside of Japan, co would describe the U.S. Co would expect to be up solidly, and then both Asia and Europe probably more flattish to the last quarter. So U.S. up solidly. Asia, Europe flattish, and then Japan down double digit levels. Co expects to build inventory this quarter with most of it associated with the significant demand that they are seeing from its largest customer here. So similar to last quarter where co thinks it said at that point about a third of the inventory build was baseband product associated with a forecast revision from this customer. Co said it will see similar… this is more a customer performance and a market issue. This is not a competitor coming on board to displace TI in these handsets. So the co’s expectation is it has another probably six quarters basically through the end of 2012 as it has described before of support to provide for this customer on these products. Communications infrastructure revenue is doing well this quarter with demand continuing to be driven as it has seen in the past by data capacity expansion, in this case specifically in North America. In the computing markets, I would say most of our PC related revenue is tracking flattish compared with Q1. Co thinks that’s pretty much similar to what you’re hearing from others in its industry and probably also similar to what the market overall is tracking. Tablets continued to experience a strong growth, and TXN is participating in that. From a consumer end market, co would describe it as mixed. + Products like E readers are strong. Product areas like televisions and game consoles where TXN has exposure it would describe as relatively slow. Overall, in industrial, co would describe that market as continuing mostly strong. Areas such as solar, motor drive, E metering are solid. |
WSJ.com – Interactive Brokers Tightens Rules on buying Chinese burrito stocks on margin
By MICHAEL RAPOPORT
Interactive Brokers Group Inc. is barring its clients from using borrowed money to buy the shares of more than 130 Chinese companies in the wake of recent worries about accounting irregularities at China-based firms.
The Greenwich, Conn., electronic brokerage says on its website that it is making the move because of “elevated risk concerns.”
In recent months, dozens of Chinese companies have acknowledged problems with their accounting. The Securities and Exchange Commission has said it is investigating accounting and disclosure issues at Chinese companies that list on U.S. exchanges through “reverse mergers,” arrangements that can avoid the regulatory scrutiny that comes with an initial public offering. Stocks of some of these firms have tumbled this year.
The brokerage firm’s move, phasing in this week, bars investors from buying stocks on the list on “margin,” or with money borrowed from the brokerage. If a stock bought on margin declines sharply—as some China stocks have lately—a brokerage could have trouble getting its loans repaid and might seize an investor’s holdings as collateral.
The Interactive Brokers list numbers 159 securities from 132 companies. About 90 stocks are U.S.-traded; the rest trade on exchanges in Germany, Canada or other countries.
This isn’t the first time Interactive Brokers has made such a move. In April, the firm put dozens of other reverse-merger Chinese stocks on its no-margin list.
A spokesman for Interactive Brokers declined to comment.
Interactive Brokers tends to attract active traders. Last week, the firm reported daily average revenue trades, or DARTs, of 420,000 for May, a figure roughly on par with those posted for April by TD Ameritrade and Charles Schwab, even though Interactive has a customer base of only 173,000, compared with accounts in the millions at its rivals.
Comments »Fitch: U.S. AAA Rating in Jeopardy
Analyst: Muddy Waters Take on Sino Forest “Piece of Crap”
“All indications are that there are no fraudulent activities, no overstatements. We believe in the company. We trust the company after they have come through with various disclosures,” Mr. Kelertas said.
Comments »Current List of Names that Trade Weekly Options on the CBOE
Ticker Symbol Name Product Type List Date Expire Date
OEX S&P 100 Index (American style) Index, pm-settled, cash 20110602 20110610
XEO S&P 100 Index (European style) Index, pm-settled, cash 20110602 20110610
SPX* S&P 500 Index Index, pm-settled, cash* 20110602 20110610
DJX Dow Jones Industrial Average Index, am-settled, cash 20110602 20110610
NDX Nasdaq-100 Index Index, am-settled, cash 20110602 20110610
RUT Russell 2000 Index Index, am-settled, cash 20110602 20110610
EEM iShares MSCI Emerging Markets Index ETF 20110602 20110610
EWZ iShares Brazil Index ETF ETF 20110602 20110610
FAS Direxionshares Daily Financial Bull 3X Shares ETF 20110602 20110610
FAZ Direxionshares Daily Financial Bear 3X Shares ETF 20110602 20110610
GLD SPDR Gold Trust ETF 20110602 20110610
GDX Market Vectors Gold Miner ETF ETF 20110602 20110610
IWM iShares Russell 2000 Index Fund ETF 20110602 20110610
QQQ Power Shares QQQ Trust ETF 20110602 20110610
SPY S&P 500 Depository Receipts ETF 20110602 20110610
SLV iShares Silver Trust ETF 20110602 20110610
TBT Proshares Ultrashort Lehman 20+ Yr. Treasury ETF 20110602 20110610
USO United States Oil Fund ETF 20110602 20110610
UNG United States Natural Gas Fund ETF 20110602 20110610
VXX iPath S&P 500 VIX Short-Term FT ETF 20110602 20110610
XLE Energy Sector SPDR ETF 20110602 20110610
XLF Financial Select Sector SPDR ETF 20110602 20110610
AAPL Apple Corporation Equity 20110602 20110610
AIG American International Group Equity 20110602 20110610
AMZN Amazon.com Inc Equity 20110602 20110610
AXP American Express Company Equity 20110602 20110610
BAC Bank of America Corp Equity 20110602 20110610
BIDU Baidu Inc. Equity 20110602 20110610
BP British Petroleum Equity 20110602 20110610
C Citigroup Equity 20110602 20110610
CAT Caterpillar Inc. Equity 20110602 20110610
CSCO Cisco SystemsInc. Equity 20110602 20110610
EP El Paso Corp. Equity 20110602 20110610
F Ford Motor Company Equity 20110602 20110610
FCX Freeport McMoran Copper CL B Equity 20110602 20110610
FFIV FS Networks, Inc. Equity 20110602 20110610
GE General Electric Company Equity 20110602 20110610
GM General Motors Company Equity 20110602 20110610
GOOG Google Inc Equity 20110602 20110610
GS Goldman Sachs Group, Inc. Equity 20110602 20110610
INTC Intel Corporation Equity 20110602 20110610
JPM J. P. Morgan Chase & Company Equity 20110602 20110610
LVS Las Vegas Sands Corp. Equity 20110602 20110610
MCP Molycorp, Inc. Equity 20110602 20110610
MSFT Microsoft Corporation Equity 20110602 20110610
NFLX NetFlix Inc. Equity 20110602 20110610
NVDA Nvidia Corp. Equity 20110602 20110610
IBM International Business Machines Equity 20110602 20110610
PCLN Priceline.com Inc. (new) Equity 20110602 20110610
PCX Patriot Coal Corp. Equity 20110602 20110610
PFE Pfizer Inc. Equity 20110602 20110610
POT Potash Corp Saskatchewan Equity 20110602 20110610
QCOM Qualcomm Inc Equity 20110602 20110610
RIMM Research in Motion Limited Equity 20110602 20110610
SLW Silver Wheaton Corp. Equity 20110602 20110610
SU Suncor Energy Inc. Equity 20110602 20110610
T AT&T Inc. Equity 20110602 20110610
V Visa, Inc. Equity 20110602 20110610
VZ Verizon Comm Equity 20110602 20110610
WFC Wells Fargo & Co. Equity 20110602 20110610
X United States Steel Corp. Equity 20110602 20110610
XOM Exxon Mobil Corp Equity 20110602 20110610
YHOO Yahoo Inc Equity 20110602 20110610
* With the commencement of trading in PM-Settled Week-End SPX options beginning December 2, 2010, CBOE will discontinue
the listing of AM-settled SPX Weeklys options (with the last SPX Weeklys expiration on December 3, 2010)
LIST OF AVAILABLE WEEKLYS OPTIONS (last updated May 25, 2011) – official
Ticker Symbol Name Product Type List Date Expire Date
OEX S&P 100 Index (American style) Index, pm-settled, cash 20110526 20110603
XEO S&P 100 Index (European style) Index, pm-settled, cash 20110526 20110603
SPX* S&P 500 Index Index, pm-settled, cash* 20110526 20110603
DJX Dow Jones Industrial Average Index, am-settled, cash 20110526 20110603
NDX Nasdaq-100 Index Index, am-settled, cash 20110526 20110603
RUT Russell 2000 Index Index, am-settled, cash 20110526 20110603
EEM iShares MSCI Emerging Markets Index ETF 20110526 20110603
EWZ iShares Brazil Index ETF ETF 20110526 20110603
FAS Direxionshares Daily Financial Bull 3X Shares ETF 20110526 20110603
FAZ Direxionshares Daily Financial Bear 3X Shares ETF 20110526 20110603
GLD SPDR Gold Trust ETF 20110526 20110603
GDX Market Vectors Gold Miner ETF ETF 20110526 20110603
IWM iShares Russell 2000 Index Fund ETF 20110526 20110603
QQQ Power Shares QQQ Trust ETF 20110526 20110603
SPY S&P 500 Depository Receipts ETF 20110526 20110603
SLV iShares Silver Trust ETF 20110526 20110603
TBT Proshares Ultrashort Lehman 20+ Yr. Treasury ETF 20110526 20110603
USO United States Oil Fund ETF 20110526 20110603
UNG United States Natural Gas Fund ETF 20110526 20110603
VXX iPath S&P 500 VIX Short-Term FT ETF 20110526 20110603
XLE Energy Sector SPDR ETF 20110526 20110603
XLF Financial Select Sector SPDR ETF 20110526 20110603
AAPL Apple Corporation Equity 20110526 20110603
AIG American International Group Equity 20110526 20110603
AMZN Amazon.com Inc Equity 20110526 20110603
AXP American Express Company Equity 20110526 20110603
BAC Bank of America Corp Equity 20110526 20110603
BIDU Baidu Inc. Equity 20110526 20110603
BP British Petroleum Equity 20110526 20110603
C Citigroup Equity 20110526 20110603
CAT Caterpillar Inc. Equity 20110526 20110603
CSCO Cisco SystemsInc. Equity 20110526 20110603
EP El Paso Corp. Equity 20110526 20110603
F Ford Motor Company Equity 20110526 20110603
FCX Freeport McMoran Copper CL B Equity 20110526 20110603
FFIV FS Networks, Inc. Equity 20110526 20110603
GE General Electric Company Equity 20110526 20110603
GM General Motors Company Equity 20110526 20110603
GOOG Google Inc Equity 20110526 20110603
GS Goldman Sachs Group, Inc. Equity 20110526 20110603
INTC Intel Corporation Equity 20110526 20110603
JPM J. P. Morgan Chase & Company Equity 20110526 20110603
LVS Las Vegas Sands Corp. Equity 20110526 20110603
MCP Molycorp, Inc. Equity 20110526 20110603
MEE Massey Energy Company Equity 20110526 20110603
MSFT Microsoft Corporation Equity 20110526 20110603
NFLX NetFlix Inc. Equity 20110526 20110603
NVDA Nvidia Corp. Equity 20110526 20110603
IBM International Business Machines Equity 20110526 20110603
PCLN Priceline.com Inc. (new) Equity 20110526 20110603
PCX Patriot Coal Corp. Equity 20110526 20110603
PFE Pfizer Inc. Equity 20110526 20110603
POT Potash Corp Saskatchewan Equity 20110526 20110603
QCOM Qualcomm Inc Equity 20110526 20110603
RIMM Research in Motion Limited Equity 20110526 20110603
SLW Silver Wheaton Corp. Equity 20110526 20110603
SU Suncor Energy Inc. Equity 20110526 20110603
T AT&T Inc. Equity 20110526 20110603
V Visa, Inc. Equity 20110526 20110603
VZ Verizon Comm Equity 20110526 20110603
WFC Wells Fargo & Co. Equity 20110526 20110603
X United States Steel Corp. Equity 20110526 20110603
XOM Exxon Mobil Corp Equity 20110526 20110603
YHOO Yahoo Inc Equity 20110526 20110603
Brent-WTI Crude Spreads Hit Record High
Spreads have blown out, now more than $17 differential between expensive Brent and lowly WTI.
Comments »Refinery Stocks Surge as Crack Spreads Widen
The heavily battered refinery sector is catching a reprieve today on the back of widening 321 crack spreads, now up more than 6.5% to $27.5.
Leaders include HOC +6.5%, WNR +6%, SUN +4.8% and CVI +5%
Comments »Today’s Biggest Movers to the Upside
No. Ticker % Change
1 TIN 41.46
2 CNAM 36.55
4 MSHL 11.36
5 ISNS 10.89
6 CUR 10.71
7 HOKU 9.68
8 CMFO 9.61
9 CADC 9.60
10 IGC 9.52
11 WAC 8.82
12 OVTI 8.50
13 MRNA 8.19
14 AGYS 8.11
15 EXEL 7.94
16 LTON 7.92
17 CEP 7.85
18 MOBI 7.50
19 GRRF 7.46
20 RODM 7.41
21 UNIS 7.41
22 GPK 7.40
23 MOD 7.19
24 CXZ 7.14
25 LAD 6.93
Crack Spreads Are Soaring
Now up 6%+, nearing $28
Comments »
