FeedPosted Nov 11th 2010 6:30PM by Gary Shilling (RSS feed)
Filed under: Housing, Financial Crisis
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Last spring, many believed that not only was the housing collapse over but that a robust rebound was underway. Investors were crowding into foreclosed house sales and bidding up prices in California, often the bellwether state for new trends. The tax credit of up to $8,000 for new homebuyers that expired in April spurred buyers and promised to kick-start housing activity nationwide.
The Home Affordable Modification Program was trumpeted by the Administration to help 3 million to 4 million homeowners with underwater mortgages by paying lenders to reduce monthly payments to manageable size and then paying homeowners to continue to make those payments.
Continue reading Hopes for Housing -- Squashed
Posted Nov 11th 2010 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Bank of New York (BK), Stocks to Buy
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Patience appears to be paying off with the Bank of New York Mellon (
BK), which I first wrote about
on April 6, 2009 at a price of $28.16.
Moreover, the Bank of New York, a premier bank and wealth manager, is a good stock to be patient with. BK's 30% summer swoon found support,
as forecast,
at/near $23, and the stock has since moved back above $27 and the key, 50-day moving average.
BK's 2010 revenue to rise about 6-9%, then about 10-12% in 2011, on higher fees and improving margins. Asset management fees in its equities and fixed income business should record solid increases, on price gains in those markets and due to increased client deposits. New business wins add to the positive mix.
Continue reading The Bank of New York: As Solid as Manhattan Schist
Posted Nov 11th 2010 5:30PM by Michael Fowlkes (RSS feed)
Filed under: Economic Data, Housing, Federal Reserve
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With the nation's housing market continuing to struggle, interest rates have continued to fall, and this week they fell even more. According to a report today, interest rates
fell to the their lowest level on record since Freddie Mac started tracking them back in 1971.
The Federal Reserve is doing everything it can to get buyers interested in coming back to the housing market, but it has just not been happening yet. Any hopes that the housing market was turning the corner were negated with news that third quarter sales were
21% lower than the same period last year.
Continue reading Mortgage Rates Hit All Time Low
Posted Nov 11th 2010 5:00PM by Gary Sattler (RSS feed)
Filed under: Products and Services, General Electric (GE), General Motors (GM), Next Big Thing, Oil, Initial Public Offerings, Stocks to Buy, Nissan Motors (NSANY)
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A major business decision recently announced by General Electric Company (
GE) involves the purchase of 25,000 electric vehicles from General Motors and others.
Bloomberg/BusinessWeek reports that this is the largest
order of ever of its kind. The new electric vehicles shall serve as part of GE's commercial fleet, and some of the units shall be made available for lease by consumers. According to the BusinessWeek report, 11,000 of the new units are being ordered directly from General Motors.
Continue reading General Electric to Energize Electric Car Market
Posted Nov 11th 2010 4:40PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, China, Federal Reserve, Currency
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Former U.S. Federal Reserve Chairman Alan Greenspan has a message for investors: intentional weakening of currencies -- direct and indirect -- has limits.
"The suppression of the reminbi [China's yuan currency ] and the recent weakening of the dollar are, of necessity, producing firming exchange rates in the rest of the world," Greenspan wrote in an op-ed column in
The Financial Times.
Continue reading Greenspan: Intentional Weakening of Currencies is Bad for Trade, Investors
Posted Nov 11th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Cisco Systems (CSCO), Citigroup Inc. (C), Juniper Networks (JNPR)
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Stocks opened lower after a downbeat report from Cisco Systems on its guidance. The G20 meeting of leaders of the industrial and developing countries in Seoul, South Korea, is beginning discussions on world trade and currencies. The
currency markets are roiled again, with the US dollar gaining strength against the Euro, primarily on fears that the European Union will have to do something about Ireland's debt. Something like a bailout similar to the Greek bailout of earlier this year.
Here are the unofficial closing bell levels:
Dow Jones 11,283.10 -73.94 (-0.65%)
S&P 500 1,213.54 -5.17 (-0.42%)
Nasdaq 2,555.52 -23.26 (-0.90%)
Top Stock Analyst CallsContinue reading Closing Bell: Jittery on Cisco, G20, and Ireland (CSCO, C. GRRF, DNDN, JNPR, WPI)
Posted Nov 11th 2010 4:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Stocks to Buy, Cramer on BloggingStocks
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"The Indonesian equity market ranked as one of the best-performing markets in the world through the first half of 2010," notes fund specialist
Doug Fabian.
The editor of
The ETF Trader sees long-term potential in the Van Eck Market Vectors Indonesia ETF (
IDX).
The advisor explains, "This fund has certainly has my attention. Even though IDX has been a solid performer so far this year, it appears to have more room to run.
Continue reading Market Vectors Indonesia (IDX): 'Room to Run'
Posted Nov 11th 2010 3:30PM by Joseph Lazzaro (RSS feed)
Filed under: General Mills (GIS), Stocks to Buy
After a summer stock dip, food giant General Mills (GIS), first discussed here on April 8, 2009, split-adjust price of $25.40 ($50.80 per-split), is reasserting itself, and with good reason.
General Mills boasts solid brands (Cheerios, Wheaties, Lucky Charms, Total and Chex), good cash flow, economies of scale, and room for international expansion. Add productivity gains, demonstrated marketing skill, and a solid, split-adjust $1.12 annual dividend and GIS is one play that's hard to pass up.
Continue reading General Mills: U.S. Frugal Consumer Play
Posted Nov 11th 2010 3:10PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Japan, Stocks to Buy
"Japanese stocks are the elephant in the room as President Obama visits the Asian democratic countries, among them Japan," says international stock expert Vivian Lewis.
The editor of Global Investing highlights two favorite Japanese stocks for investors comfortable buying individual shares: Hoya (HOCPF) and Makita Corp. (MKTAY).
Continue reading Global Experts' Favorite Japanese Stocks
Posted Nov 11th 2010 2:50PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Viacom (VIA), Media World
Viacom (VIA.B) is seeing a bid today. The B shares are up, at the time of this writing, by 3.4% to $39.40. The 52-week high is currently set at $39.76, and it was hit during the intraday session. A look at the chart shows a stock that has been breaking through new trading levels.
Will it continue to do so? Well, the third-quarter numbers show something of a mixed bag, in my opinion. Adjusted earnings from continuing businesses increased a mere 6% to 75 cents per share. That was enough to beat the estimate of 70 cents per share, as indicated in this Associated Press article.
Continue reading Viacom Up On Earnings Numbers
Posted Nov 11th 2010 2:30PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Microsoft (MSFT), Cisco Systems (CSCO), General Electric (GE), Johnson and Johnson (JNJ), Procter and Gamble (PG), Chasing Value™, Recession
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The market is down and the
headlines are blaming Cisco Systems (
CSCO), in part because they reported tepid earnings and somber growth projections. This once again underscores the fact that stock prices are always determined at the margins. Most folks could care less, and this is reflected by the big silent yawn of the majority of investors.
Cisco is not the bell-weather it has been in the past. Some of its business is down because there are more alternatives from competitors, "the cloud" keeps growing, and also many products have become commodities.
There are many other companies I would consider better measures of how the economy is doing.
Continue reading Chasing Value: Cisco Shmisco -- It's Nothing
Posted Nov 11th 2010 2:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, ETF Investing, Stocks to Buy
"Indonesia is one transitioning market that actually saw a big 53 percent gain in foreign portfolio flows over the past year; it's an economy and market that I've been touting for the past couple of years," says
Neil George.
The editor of
The Pay Me Strategy explains, "The nation is in the high-growth Asian region and is rich in resources and lower cost, increasing skilled labor. And it's run by a very popular president, Susilo Bambang Yudhoyno.
Continue reading Aberdeen Indonesia (IF): A 'Bargain Buy'
Posted Nov 11th 2010 1:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, Good news, Options, Technical Analysis, S and P 500
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Ingersoll-Rand (
IR -
option chain) shares are rising today after
Standard & Poor's announced the stock will be added to its S&P 500 index after the close of trading on November 16, replacing Pactiv Corp. (
PTV). If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on IR.
IR opened this morning at $42.59. So far today the stock has hit a low of $42.35 and a high of $43.00. As of 11:55, IR is trading at $42.63 up $1.49 (3.6%). The chart for IR looks neutral and
S&P gives IR a neutral 3 STARS (out of 5) hold ranking.
Continue reading Ingersoll-Rand to Join S&P 500
Posted Nov 11th 2010 1:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, ETF Investing, Japan, Stocks to Buy
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"There are a number of fundamental and technical reasons behind recommending that intermediate-term investors now look at Japan," says market timing specialist
Sy Harding.
The editor of
Street Smart Report explains, "Japan‟s central bank that it will implement another round of comprehensive monetary easing to try to get its stumbling economic recovery going again. The Bank of Japan said it will lower its policy interest rate to zero.
"Like the U.S. Fed Funds Rate, which is currently set at a range of 0 to 0.25%, the Japanese interest rate is already at 0.1%, about as close to zero as it could get without actually being there.
Continue reading Market Timer Says It's Time to Buy Japan
Posted Nov 11th 2010 12:30PM by Joseph Lazzaro (RSS feed)
Filed under: United Parcel'B' (UPS), Stocks to Buy
If you took advantage of United Parcel Service's (UPS) summer correction to add to your position, you made the right move. UPS, which I first wrote about here on April 7, 2009, at a price of $51.28, accelerated out of a trough anear $55 to retest $70 this fall. And I obviously still like the shares.
UPS's 2011 revenue should increase 8% to 10%, after a 10% to 13% increase in 2010. Without question, the worst is over for the delivery business and better quarters are ahead: increased pricing power, in some delivery segments, and higher volumes are likely as the U.S. and global economic expansions continue.
Continue reading UPS Is Still Delivering for Investors
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