Wait is a four letter word in NYC….Comments »
Monthly Archives: November 2012
Here is today’s action in the ETF world:
Gainers: SOXL, UMDD, PEK, MIDU, XPP
Losers: UVXY, SOXS, MIDZ, SMDD, SSG
Most Heavily Shorted: XRT, RTH, FXE, XOP, FXY
Discounted to NAV: EGRW, QQQV, QQQM, SZR, JFY
Top Performers: SVXY, ITB, BIB, RETL, CURE
Most widely held stocks by ETFs: $CHL, $LFC, $MSFT, $TSM, $FSXComments »
Reported by CNBC…..Comments »
“NEW YORK (MarketWatch) — Retailers, whose fiscal October ended on Saturday before Hurricane Sandy pounded the mid-Atlantic and Northeast region, reported a surprisingly positive October on Thursday, with major chains projecting a still upbeat holiday outlook
Chains including Macy’s Inc. M +4.54% and Costco Wholesale Corp. COST -0.49% said they expected to either make up lost Sandy sales or post just a small negative impact during the critical holiday quarter.
Retailers reported a 3.8% total increase in a Sanford C. Bernstein & Co. survey of 17 retailers, topping the average estimate of a 3.1% increase. Department stores were among the bright spots. Macy’s, Nordstrom Inc. JWN +1.06% and mid-priced chain Kohl’s Corp. KSS +2.75% all topped expectations.”Comments »
“NEW YORK (CNNMoney) — Don’t just call it a low-wage recovery.
It’s true that the economy has added a lot of low-paying jobs over the last two years. Restaurants and bars, which pay a median wage of just $9 an hour, have accounted for 15% of all the jobs created in the recovery. Retailers, which pay a median $11 an hour, make up another 9%.”Comments »
“Economic growth will soon become a thing of the past, and the stock market is doomed for a collapse, MarketWatch’s Paul Farrell writes in a column.
“Warning to all you investors, the stage is set,” he says. “The economic growth trajectory of the last 300 years is ending. You must take action, protect your family. A collapse can happen sooner than you think, spread fast, wide.”
He lays out nine economic scenarios, all leading to disaster. Here are three….”Comments »
“Cigna Corp. (CI), the fourth-biggest U.S. health insurer by market value, raised its 2012 forecast and said profit more than doubled after an acquisition boosted revenue from government-backed Medicare plans.
Third-quarter net income jumped to $466 million, or $1.61 a share, compared with $183 million, or 67 cents, a year earlier, when Bloomfield, Connecticut-based Cigna took a charge for a discontinued business unit, the company said in a statement today. Earnings excluding one-time items of $62 million were $1.69 a share, beating by 33 cents the average of 17 analyst estimates compiled by Bloomberg.”Comments »
“Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said there is no evidence that investment is being incented by the Federal Reserve’s quantitative easing program.
“All of the money being created and freed up is elevating asset prices, but those prices are not causing corporations to invest in future production,” Gross wrote in a monthly investment outlook posted on the Newport Beach, California-based company’s website today. Lowerinterest rates are being used “to consume as opposed to invest,” he said.”Comments »
AVG +10.5%, ELLI +9.4%, WNC +7.3%, BT +4.8%, TTM +3.1%, BMC +2.3%,
MTGE +1.5%, V +1.3%, CRUS +0.9%, JOY +1.6%, RVBD +2.9%, REDF +5.7%,
RIO +1.1%, MTG +10.3%, JDAS +8.0%, NEWP +18%, AVG +8.8%,
ZUMZ -11.1%, OTEX -7.3%, NFLX -1.6%Comments »