“The number of stocks hitting 52-week highs exceeds the number hitting lows and is at the upper end of its range, indicating extreme greed.”
Comments »Monthly Archives: July 2012
Credit Suisse Has the Top 27 Hottest Stocks to Buy
“In a new note to clients, Credit Suisse’s equity research team compiled a list of the top stock picks from the firm’s 50+ equity analysts.
This generated 151 stocks offering significant value.
We flipped through the list and pulled the stocks offering returns of 50 percent or more.
There were 27 such stocks, and they cover a wide range of industries and offer returns of up to 221 percent.”
Comments »Moody’s: Cities May Be Losing Willingness to Pay Debts
“Bankruptcy decisions by Stockton and San Bernardino in California signal more cities may be losing their willingness to pay debt obligations, Moody’s Investors Service said.
“The looming defaults by Stockton and San Bernardino raise the possibility that distressed municipalities — in California and, perhaps, elsewhere — will begin to view debt service as a discretionary budget item, and that defaults will increase,” Anne Van Praagh, a managing director at the ratings company, said in a report Thursday.”
Comments »CO. Theater Shooting Wounds 50 and Kills 12, Cell Phone Video of Shooting
Just after midnight a gunman decided to open fire inside a movie theater. The maniac also released a canister that emitted some sort of gas. Thankfully, the suspect was found and taken into custody. Condolences to the families.
[youtube://http://www.youtube.com/watch?v=T7sIiqq66rk 450 300]Comments »
S&P Capital IQ: Hit the Bid on Spain Before Troika Comes Around
“Anyone holding Spanish stocks should sell before Madrid is forced to go cap in hand to the European Union and International Monetary Fund, according to analysts at S&P Capital IQ.”
Comments »LIBOR Manipulation May Just Be Child’s Play Compared To……’ERL’ (sic)
Last week some interweb bloggers pointed out that gold was manipulated and now we see the resurgence of oil manipulation.
Comments »Microsoft Posts Its First Loss as a Public Company
“NEW YORK (Reuters) – Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
Excluding the multibillion-dollar write-down, which was signaled earlier this month, and factoring in some deferred Windows revenue, the world’s largest software company actually exceeded Wall Street’s expectations, boosting its shares in after-market trading.”
Comments »$GOOG is On Fire as Ad Revenues Leap 21%
“SAN FRANCISCO (Reuters) – Google Inc’s revenue increased 21 percent as strength in its Internet advertising business offset a persisting drop in ad rates, stirring hopes among investors the Web search leader is close to slowing that decline.
Shares of Google were up about 3 percent in after hours trade.
Advertising rates, or costs per click, have headed south as users gravitate to smartphones and tablets, where Google can generally charge less than on desktop computers.”
Comments »$GE Beats by a Penny, Revenues Light
$GE beat estimates by a penny as Jeff Imelt moves the company towards industrial production and away from financing.
Comments »Black Gold Takes a Break After Two Weeks of Gains
Oil has relaxed a bit coming in a little over 1% on growth concerns.
WTI is @ $91.51 down $ 1.15, Brent is down $1.03 @ $$106.77…
Comments »The Euro Falls, Manages to Hold Support in the 1.22 Area
While the Euro has been week lately it seems to be holding just above a recent low not seen in two years. For now the Euro remains above 1.21.
Comments »The Aussie Dollar Falls Over Growth Concerns
After a week of risk on gains, worries began in Asian equities and spilled over into currencies like the Aussie dollar and the Euro.
Comments »China Will Continue to Keep Property Curbs in Place
Keeping property curbs in place helped to get get most of Asia into negative territory.
Comments »Global Markets and U.S. Futures Digest Recent Upside
Most markets seem to be in slightly negative territory digesting recent gains, but Japan, Spain, and Italy are off considerably.
Yields for Italy, Spain, France, and Germany …
Comments »
Awkward: Obama’s Job Council Agrees with Romney’s Corporate Tax Plan
Any wonder why Obama hasn’t met with his Job’s Council in six months? Simpson-Bowles lately?
Read the article here.
Comments »
Did The Philly Fed Just Signal A Negative Employment Report is Ahead?
Via Zero Hedge, how would a negative employment report affect Obama? The Philly Fed may have just signaled that a negative tick is coming, effectively ending any recovery.
Read the article and see the chart here.
Comments »The Key to Miami Rapper Rick Ross’s Heart Is Cheese
RR: I remember when I couldn’t afford to eat like this. It was ramen noodles and the San Francisco Treat [Rice-A-Roni]. Dessert? Get you a honey bun and put a slice of cheese on it. Put it in the microwave for 45 seconds and you had the gift of a lifetime.
The common denominator seems to be cheese.
RR: I ain’t gonna lie: I love that cheese.
The Best Photo of the New York City Storm Was Shot By an NFL Linebacker Using Instagram
Who needs the news media when an NFL linebacker can take the best storm picture from a jet window and publish it instantly?
See the photo here.
Comments »Microsoft Posts First Quarterly Loss as a Company but Still Beats Street.
NEW YORK (Reuters) – Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
Read the article here.
Comments »Small Bombs (Hybrid Movers Under $10)
Here is your nightly screen of movers under $10, click here for charts.
Comments »