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Friday, June 1, 2012 10:40 am
These are the creme de la creme of the value stocks. The stocks that I'm uncovering right now are the cheapest I've seen in the last six months. It is not unusual to see a single digit P/E anymore. And to top it off they also have rising earnings estimates and attractive earnings growth (sometimes in the double digits.) For value investors it's like being a kid in a candy store. But don't settle for just any cheap stock. Pick the best. The way to do that is to combine both a low valuation with the Zacks Rank. What's a
Full ArticleFriday, June 1, 2012 10:25 am
Market Vectors Vietnam ETF (VNM) was the third best performer among all equity ETFs during the first quarter of 2012 behind only Market Vectors Egypt ETF (EGPT) and Market Vectors India SmallCap ETF (SCIF). That was in sharp contrast to its extremely dismal performance in 2011 when it sank by almost 47% much worse than other emerging markets as the investors were concerned about the future prospects for the economy. However as the economic situation improved the investors have poured money into the fund which is now up 24.7% year-to-date while the broader MSCI Emerging Market Index (EEM) is down
Full ArticleFriday, June 1, 2012 10:20 am
I've been getting a lot of requests for a book list on behavioral economics finance etc. Here are what I find to be some of the best books on these subjects. I picked books that are aimed at the intelligent reader who does not necessarily have specialized training in economics sociology or evolutionary psychology. But I would also suggest you start with the 30-minute video of Daniel Kahneman's Nobel Prize lecture. Videos are always easier than books and it'll open your eyes to our cognitive limitations as a species. Yes that means you too. Especially you. James Montier The Little
Full ArticleFriday, June 1, 2012 9:35 am
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written. MarketWatch Link: Eurozone Structure is 'Unsustainable' Says Draghi "Europe's top central banker said Thursday the eurozone's current set up is "unsustainable" in its current form and that the bloc's political leaders should step in with decisive action if they want to save the single currency according to media reports. 'The configuration that we had with us by and large for ten years which was
Full ArticleFriday, June 1, 2012 9:25 am
MINYANVILLE ORIGINAL For drug and biotech investors the big themes for June are medicines for cancer obesity and blood clots. The month is shaping up to be a busy and important one for drug approval decisions from the US Food and Drug Administration. Kicking things off is a major medical meeting focused on cancer research. Later in the month the FDA will rule on two of the most closely watched new drug approvals of the year one for weight loss and the other for an improved blood thinning treatment. Here is a preview of some of the highlights. In the
Full ArticleFriday, June 1, 2012 7:30 am
MINYANVILLE ORIGINAL I think it's time we stop children what's that sound? Everybody look what's going down There's battle lines being drawn Nobody's right if everybody's wrong... -- Buffalo Springfield "For What It's Worth" Last month opened up with a call by the "Occupy Wall Street" folks for a general strike on May Day in some 135 cities and then we saw protests at the NATO summit in Chicago. But what impact did they have? Well in the case of the general strike on May Day it was a strike that wasn't one. There weren't any widespread work stoppages that
Full ArticleFriday, June 1, 2012 7:25 am
The disappointing jobs number shocked the markets this morning. As the net change for non-farm payrolls came in with only 69K more than the previous month expectations of 150K were dramatically overstated. Revisions also brought bad news. The March number was revised down by 11K and April revised down by 38K bringing the net total for the month of only 20K. Digging in a little deeper shows a few slices of positive momentum. Transportation added 36K and health care added 34K. The worst news came out of the construction sector which lost 28K jobs and is virtually at the level
Full ArticleFriday, June 1, 2012 7:20 am
Kate Stalter: Today I'm speaking with Bob Lang of ExplosiveOptions.net. Bob you were writing on RealMoney.com about waiting for some volume to confirm a move. Now as we're speaking here on Tuesday stocks are trading higher but are well off the previous intraday highs. It seems that you're not really convinced by these one-day rallies. They've been just as easily followed by huge declines lately -- if there's more big news out of Europe or China. What are you seeing these days in terms of the overall market? Bob Lang: You know Kate what I'd like to see is
Full ArticleFriday, June 1, 2012 7:00 am
With a number of commodity investments namely exchange traded products there are certain tax ramifications that not all investors are aware of one of the them being the K-1 form. As a general rule gains and losses for a typical exchange traded portfolio (or ETP) are reported on Form 1099 but there are a number of ETPs that are structured as partnerships and as such will issue a K-1. There is a fair amount of confusion over what exactly a K-1 is and what receiving one of these statements means. A K-1 is a tax document used to report share
Full ArticleFriday, June 1, 2012 6:35 am
MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the NYSE were SPDR S&P 500 ETF (SPY) Bank of America (BAC) and iShares Russell 2000 Index (IWM) as of 9:25 a.m. Investors traded 11.2 million shares of SPDR S&P 500 ETF which was down $2.24 or 1.70%. Investors also traded 5.23 million shares of Bank of America which was down $0.24 or 3.27% and 2.35 million shares of Bank of America which was down $1.61 or 2.12%. Twitter: @ChrisWitrak
Full ArticleFriday, June 1, 2012 6:35 am
MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq were PowerShares QQQ Trust (QQQ) Facebook (FB) and Vodafone (VOD) as of 9:20 a.m. Investors traded 4 210 248 shares of PowerShares QQQ which was down $1.04 or 1.68%. Investors also traded 1 311 585 shares of Facebook which down $1.10 or 3.72% and 503 670 shares of Vodafone which was down $0.06 or 0.22%. Twitter: @ChrisWitrak
Full ArticleFriday, June 1, 2012 6:30 am
MINYANVILLE ORIGINAL As I warned yesterday it appears likely that the next wave down has indeed kicked off. There are still other potentials (always are) but I'm going to stick to talking about what's most probable right now. There are invalidation levels to watch and if the market approaches those levels or throws a major curveball here then we'll examine the alternate probabilities more closely. (If you're new to Elliott Wave Theory it might be helpful to cover the basics as discussed in this article.) The current expectation is that the S&P 500 is headed to the mid-1200s at the
Full ArticleFriday, June 1, 2012 6:25 am
Editor's Note: For more from Michael Kahn see the Quick Takes Pro blog. Stay on top of the best financial news and commentary on Wall Street by following us @Minyanville.
Full ArticleFriday, June 1, 2012 6:25 am
MINYANVILLE ORIGINAL Facebook (FB) was once again down - the site that is and not for once the stock. That gained 5.00% providing some solace for users who were alarmingly forced to spend several hours interacting with actual people as a result of the outage. While Mark Zuckerberg continues to hide under his hoodie Victoria's Secret parent Limited Brands (LTD) lost 3.23% its new Slouchy hoodies apparently not popular enough. First Solar (FSLR) fell 6.27% to post the S&P 500's (^GSPC) poorest performance. The stock stands at a new lifetime low so that Spanish woman who claims ownership of the
Full ArticleFriday, June 1, 2012 6:20 am
MINYANVILLE ORIGINAL In commodity action crude oil swooned 17% in May; June's return of J.R. Ewing can't come quick enough. Gold endured its worst May in three decades but at least Goldmember duo Austin Powers and Mini-Me those lover of lasers can take comfort in a 38.74% surge in shares of Microvision (MVIS) maker of miniature laser displays. April showers brought a bath for most investors yet Flowers Foods (FLO) added 5.71% yesterday on an analyst upgrade. Gym giant Nautilus (NLS) jumped 2.74% at now stands at a fresh 52-week peak on a day it was revealed exercise may be
Full Article