Nov

14

Press Digest for Wednesday

Teresa Lo @ 11:39 AM | | Leave a Comment

  • Third Quarter Earnings in Focus
    CNBC’s Geoff Cutmore discusses the recent spate of third-quarter earnings with Michael Thompson, managing director Thomson Research at Thomson Financial.
  • Fed’s Fisher Sees ‘Sustainable’ Growth, Inflation Risks
    Federal Reserve Bank of Dallas President Richard Fisher speaks in Sydney about credit market conditions, inflation risks and the outlook for the U.S. economy. Fed Chairman Ben S. Bernanke said last week inflation and growth risks are “roughly” balanced, even as traders anticipate the Fed will cut interest rates again next month.
  • Bernanke on Inflation
    Fed Chairman Ben Bernanke discusses the aspects of inflation targeting.
  • The Fog of Wall Street
    It’s hard to see just how much further these various mortgages could fall, for one thing. After all, the ABX indexes tracking the worst subprime mortgages are worth 20 cents on the dollar; even the double-A rated ones are at 40 cents on the dollar, according to Markit. And it wouldn’t seem to make sense to go short the triple-A rated indexes considering the big banks are in the midst of fashioning “the Entity,” a sort of Golden Calf designed to swallow up any of the decent paper remaining that hasn’t been downgraded more than 500 times or so. “After they all lost money on the long side, it’s now time to lose it on the short side,” muses trader and author Michael Panzner.
  • Dollar Crisis: Economic Pearl Harbor?
    [Editor: This article was written by Garbor Steingart, head of Der Spiegel's Berlin office.  Note the global proliferation of the permabear mantra and how it's being fed to the masses.  Even in translation.]  If China abandons the dollar for the euro, Americans will surely suffer. So far, that prospect has sparked mainly U.S. indignation.
  • Lululemon Athletica ’seaweed’ clothing is just cotton, tests show
    [Editor: Forget seaweed.  How about real weed?]  The New York Times commissioned a laboratory test of a Lululemon shirt made of VitaSea, and reviewed a similar test performed at another lab, and both came to the same conclusion: There was no significant difference in mineral levels between the VitaSea fabric and cotton T-shirts. . . .The shirt tested by The Times was labeled as being made of 70 percent cotton, 6 percent spandex and 24 percent of the seaweed fiber.
  • Breaking Down PPI
    A reaction to Bernanke and a look at today’s PPI numbers, with Lakshman Achuthan Economic Cycle Research Institute managing director and CNBC’s Erin Burnett.
  • High loonie could take bite out of economy, Bank of Canada warns
    But he said he is growing more optimistic that Chinese officials can be persuaded to adopt more flexible exchange rates to help share the costs of the adjustment — in part because they need to control inflation at home, which is rising because of food and energy costs.  “I believe — and the Bank of Canada believes — exchange-rate flexibility for China is in their best interests … I think the Chinese are beginning to realize the pressure is building in their economy,” said Mr. Jenkins.

Nov

13

Trading Ideas for Wednesday

Teresa Lo @ 6:36 PM | | Leave a Comment

The stock scan conducted after the close on Tuesday found 14 winners and 59 losers.

» DOWNLOAD SPREADSHEET

These stocks have been ranked and sorted with the rest of our lists: the largest 300 ETFs by total assets, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, the list of optionable CBOE, AMEX and PHLX indexes, and futures and currencies.  Buy and sell signals are listed in The InVivo Database.

Please use the Free Viewer if you do not have Excel installed on your computer.

Nov

13

Press Digest for Tuesday

Teresa Lo @ 9:07 AM | | Leave a Comment

  • SEI, Rival Money Funds Go on Offense to Avoid ‘Breaking the Buck’
    [Editor: I originally gave the heads-up in August 2007] Money-market funds aim to maintain a $1-per-share price and losses on any investments that drive their share price below that mark — known as “breaking the buck” — could send investors running for the door. That’s a possibility facing a number of money-market funds that hold troubled investments called structured investment vehicles — or SIVs, complex investments that have come under selling pressure amid bond-market turmoil.
  • Legg Mason, SunTrust Shore Up Money Funds for SIVs
    Legg Mason invested $100 million in one of its money funds and arranged $238 million in credit for two others, the Baltimore-based company said in a Nov. 9 regulatory filing. SunTrust Banks Inc. received approval from regulators last month to protect two money funds that bought debt from Cheyne Finance Plc if the SIV is unable to repay the Atlanta-based bank.
  • State funds look to commodity investment
    [Editor: And the game continues...] State-owned sovereign wealth funds are beginning to diversify their investments into commodities, potentially having a significant impact on international raw material prices because of their immense resources. . . .According to commodities bankers, the total investment of SWFs in natural resources is still limited, at below 5 per cent of their total allocations. But with worldwide state reserves above $3,000bn, according to Deutsche Bank, any movement into the relatively small commodities markets could influence prices.
  • Sovereign wealth funds a boon for asset managers
    Sovereign wealth funds are foreign currency assets held by nation states over and above their central banks’ reserves. If the rise of these funds is as spectacular as anticipated in the estimates currently doing the rounds - and if rich nations keep up the pressure on these mostly opaque institutions to become more transparent - the private-sector fund-management industry could expect billions of dollars in additional revenue.
  • Sovereign Funds Pose Little Risk to World Economy
    Sovereign wealth funds, which invest currency reserves in foreign assets, control an estimated $2.5 trillion, more than all the world’s hedge funds combined. With high commodity prices translating into surging reserves in emerging economies, their stockpiles of cash will only get bigger. Russia said this month it may get in on the act by investing some of the $141.1 billion in its Stabilization Fund in major foreign companies. If Putin Inc. starts buying German airports or French motorways, watch the sparks fly.
  • Yen appreciating “too fast”-Japanese PM
    [Editor: No Fedspeak, eh?] “But from a long-term perspective, I think a rising yen should not be rejected. But I emphasise long term,” Fukuda said, according to a transcript on the FT’s Web site. Asked if the dollar’s fall from 115 yen to 110 yen in a week was too fast, Fukuda said: “Too fast, yes.”

Nov

12

Market Strategy and Trading Ideas

Teresa Lo @ 9:52 PM | | Leave a Comment

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InVivo.RMI indicators are currently available for U.S. (NASDAQ, S&P 500, Russell 2000) and DJ Euro Stoxx 50 benchmarks.

Nov

12

Trading Ideas for Tuesday

Teresa Lo @ 7:53 PM | | Leave a Comment

The stock scan conducted after the close on Monday found 9 winners and 136 losers. The rest of our lists - the largest 300 ETFs by total assets and the constituents of the NASDAQ 100 Index and the S&P 100 Index - have also been ranked and sorted.

» DOWNLOAD SPREADSHEET

Please use the Free Viewer if you do not have Excel installed on your computer.

Nov

12

Press Digest for Monday

Pete @ 7:51 PM | | Leave a Comment

  • Minimum reserve requirement is up (again)
    The weak dollar has certainly made it easier (and maybe politically necessary, vis a vis Europe) for China to revalue. I suppose the authorities will experiment with a faster revaluation and see if it does set off a renewed inflow of speculative capital. I believe that it will, in which case the authorities may backtrack and slow down the rate of appreciation, but I think the authorities will eventually be forced to move to Plan B – a one-off maxi-revaluation. More and more Chinese economists (although still a tiny minority) believe that this is where we are headed. The idea was unthinkable six months ago but a recent poll showed that 5% of Chinese economists now favor a one-off maxi-revaluation and there are strong rumors that the idea was even proposed at the State Council level (and soundly rejected).
  • Oil, gold, the dollar, and inflation
    To the extent that there is a monetary explanation for the recent behavior of oil, gold, and the dollar, I would attribute it not to inflation fears per se, but rather to the lowering of U.S. short-term interest rates, which make the dollar a less attractive place to hold capital and can make commodity speculation more profitable.
  • Winning Your Own Way At Work
    For a long time people believed the art of persuasion was something one was born with. But it is actually something that can be learned. CNBC’s Geoff Cutmore talks about the science of persuasion and the study of influence with Professor Robert Cialdini, co-author at ‘Yes! Fifty Secrets From the Science of Persuasion’.
  • E*Trade’s Meltdown
    The stock price gets slashed in half after the online brokerage says it can’t predict new credit losses and an analyst mentions the possibility of bankruptcy. Will customers stick around?
  • Maloney Says Intel in ‘Strong Position’ With New Chips
    Sean Maloney, head of sales at Intel Corp., talks with Bloomberg’s Ellen Braitman from Santa Clara, California, about the company’s introduction of new computer chips built with industry’s most advanced manufacturing methods, product demand and competition with Advanced Micro Devices Inc.

Nov

9

Trading Ideas for Monday

Teresa Lo @ 6:13 PM | | Leave a Comment

The stock scan conducted after the close on Friday found 21 winners and 130 losers. The rest of our lists - the largest 300 ETFs by total assets and the constituents of the NASDAQ 100 Index and the S&P 100 Index - have also been ranked and sorted.

» DOWNLOAD SPREADSHEET

Please use the Free Viewer if you do not have Excel installed on your computer.

Nov

9

Press Digest for Friday

Pete @ 5:20 PM | | Leave a Comment

  • Dollar Is Battered and Bruised, Not Yet Out
    The currency plummeted in 1977-79, 1985-88 and 1993-95. From 1978 to 1980, the need to attract foreign investors prompted the Treasury to sell $6.4 billion of “Carter bonds,” denominated in deutsche marks and Swiss francs. . . .The dollar survived these episodes with its No. 1 status intact. The dollar’s share of global official reserves fell from 79 percent in 1977 to 49 percent in 1992. Now it’s back up to 65 percent, with the euro a distant second at 26 percent, according to the International Monetary Fund.
  • Counting Illusory Costs
    The 2007 credit crash, paradoxically, may be the first where nobody actually defaults. Investors in high quality (AAA- or AA-rated) securities that are unlikely to suffer real losses if held to maturity, currently face only paper losses - also known as mark-to-market (MtM) losses.
  • Indian minister suggests halt to oil trading to bring down price
    (Editor: Shades of India’s Permit Raj?) As oil approaches the $100-a-barrel milestone, M. Srinivasan, the Indian petroleum secretary, has an unorthodox recommendation for cooling overheated oil prices: halt trading of crude oil on commodity exchanges. . . .If crude was eliminated from the commodities traded on Nymex, the world would “see a drastic reduction in the price,” Srinivasan predicted. Common reasons that traders give for price spikes, like the tornado premium and terrorism premium are all “made up,” he said.
  • Gazprom: the hidden hand. Putin’s game in European energy: divide and conquer
    For governments fixated on more immediate threats such as radical Islam, this might seem footling stuff. But the struggle by OMV, Austria’s biggest oil and gas company, to snap up its Hungarian counterpart MOL (pron. ‘mole’) provides a perfect insight into the underworld of the Central European energy business: all the more so because at first sight Gazprom’s hand is invisible.
  • Chinese Property: Slums for the masses, fortunes for the few
    In March a long-awaited property law was introduced to provide equal protection for buildings owned by state and private interests. It was formally enacted last month during the country’s rubber-stamp National Congress - and all eyes are now on the first court case filed under the new law, in which a 60-year-old man in Beijing is suing a property auction company for confiscating six apartments from him in 2002.
  • A Brit to the rescue for Citigroup
    Impeccable connections with central bankers, finance ministers and commercial bank chairmen around the world will certainly help Citi see this through. And Bischoff clearly has many more admirers than detractors. But what the latter group will tell you (especially the ones that worked with him or for him in his earlier career at Schroders) is that, prince among networkers though he undoubtedly is, he’s never been a man for tough decisions and head-on confrontation. There will be a lot of that at Citi in the next few months. Wish Sir Win good luck: it’ll be fascinating to see how he gets on.
  • David Tice Says U.S. Stocks May Fall ‘50 or 60%’
    (Editor: The Gremlins are back!) David Tice, who manages the $800 million Prudent Bear Fund, talks with Bloomberg’s Betty Liu from Dallas about the outlook for the U.S. credit and equity markets, his expectations for a recession and possible impact of the Federal Reserve on the credit market.
  • Commodities Call
    A weakening dollar is sending commodity prices higher, with Dennis Gartman, The Gartman Letter founder and CNBC’s Brian Shactman.
  • Paulson Says a ‘Strong Dollar’ Is in U.S. Interest
    (Editor: It must be backwards day) U.S. Treasury Secretary Henry Paulson speaks about China’s economic growth and currency policy, U.S.-China relations and the importance of trade. He speaks at the China Institute Executive Summit in New York.
  • Sir Ronald Cohen
    The father of private equity in Europe, and ‘bankroller’ of UK Prime Minister Gordon Brown within his Labour Party, talks passionately to Simon Hobbs about what it really takes to be an entrepreneur and why society may explode in violence if the private sector does not do more.

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