0

Asia Stocks Set For Best Monthly Gain Since Sept. 2010

The findings are worth a look, but this method of stock picking still falls short of a long-term value investing approach. High growth vs. low growth in the insurance space We can useMetLife (NYSE: MET ) as a typical low-growth player and Lincoln National Corporation (NYSE: LNC ) as the contrasting high-growth player. In the chart below showing the forward P/E ratios for each company, its clear to see they are being valued very similarly between 8.5 and 9 times forward earnings.
Source: http://www.fool.com/investing/general/2013/09/26/finding-hidden-value-in-financial-growth-stocks.aspx

(Photo: Bryce Duffy, Getty Images) Story Highlights Conventional wisdom is that rising interest rates are bad for stocks Since bull market began, six periods of rising rates have seen solid stock gains Over time, rising rates means investors will leave stocks for bonds SHARE 1 CONNECT 3 TWEET COMMENTEMAILMORE NEW YORK — Rising interest rates are supposed to be bad for stocks. But in the current bull market that began in March 2009, rising rates have actually been bullish. “Increases in interest rates have been a bull’s best friend,” Paul Hickey, co-founder of Bespoke Investment Group, wrote in a new research report. Since the bull market began, there have been six periods in which the yield on the 10-year U.S.
Source: http://www.usatoday.com/story/money/markets/2013/09/26/what-to-watch-rising-rates-bad-for-stocks-maybe-not/2879851/

The main TAIEX index climbed to 8,215.64 points, recovering from a 1.2 percent drop on Thursday. Banks jumped 0.5 percent and techs were up 0.5 percent. But construction companies dropped 2.6 percent on the central bank’s warning of rate fluctuation risks. The Taiwan dollar rose T$0.088 to stand at T$29.585 to the U.S. dollar.
Source: http://www.reuters.com/article/2013/09/27/markets-taiwan-stocks-idUSL4N0HN0KP20130927

The Nikkei 225 dropped 0.3 percent. Australias S&P/ASX 200 Index (AS51) advanced 0.2 percent to a five-year high. New Zealands NZX 50 Index rose 0.4 percent and South Koreas Kospi index gained 0.2 percent. Futures on the S&P 500 Index slipped 0.1 percent. Hong Kongs Hang Seng Index climbed 0.5 percent after Chinas industrial profits rose in August. Taiwans Taiex Index added http://www.todayhotstocks.com/ 0.6 percent and Chinas Shanghai Composite Index gained 0.2 percent.
Source: http://www.bloomberg.com/news/2013-09-27/asia-stocks-set-for-best-monthly-gain-since-sept-2010.html

Advertisements
0

India Considers Late Trading In Agricultural Commodities – Regulator

Because the $135.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 7.78% return on the cash commitment, or 12.03% annualized at Stock Options Channel we call this the YieldBoost.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/09/23/act-may-2014-options-begin-trading/

According to the report, the bank told investors that there was a worse-than-expected slowdown in markets businesses over the summer. The FT said that some investors believe Citigroup’s revenue will fall over 10 percent. Citigroup declined to comment on the report. The company is due to announce its third-quarter earnings on October 15. In the second quarter, Citigroup posted a 42-percent jump in profit as bond trading revenue gained and stronger home prices helped the bad mortgages on its books.
Source: http://www.reuters.com/article/2013/09/22/us-citi-trading-idUSBRE98L0IQ20130922

Credit: Reuters/Amit Dave MUMBAI | Sun Sep 22, 2013 2:22pm IST MUMBAI (Reuters) – India is considering late-evening trading in commodities such as sugar and soybeans to increase market participation, Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), told reporters on Sunday. Late trading is currently allowed only in metals and energy products, where prices follow global markets. In agriculture commodities, futures trading currently takes place between 10 a.m. and 5 p.m. “We are discussing with exchanges and other trade participants how we can start late-evening trading in agriculture commodities as some spot markets remain open till 8 p.m.,” Abhishek told reporters on the sidelines of a conference. The National Commodity and Derivatives Exchange, the biggest platform for futures trade in agriculture commodities, has already sought approval of the FMC to start late trading in some commodities.
Source: http://in.reuters.com/article/2013/09/22/futures-trading-agricultural-commodities-idINDEE98L03P20130922

Insider Trading Recap for Nike, Sprint, NetApp, Newmont Mining, Advanced Micro Devices, and Mondelez International

With the sale of these additional shares, the total number of shares sold in the offering will be 13,800,000, and total gross proceeds from the offering will be approximately $63.5 million. Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering, and DVB Capital Markets LLC and DnB Markets, Inc. are acting as co-managers for the offering. The common stock was offered pursuant to a shelf registration statement that was previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). The offering was made only by means of a prospectus supplement and an accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus were filed with the SEC and are available on the SEC’s website, http://www.sec.gov .
Source: http://finance.yahoo.com/news/baltic-trading-limited-announces-exercise-123800234.html

Baltic Trading Limited Announces Exercise of Underwriters’ Option to Purchase Additional Shares

Newmont Mining Corp. /quotes/zigman/235723/quotes/nls/nem NEM +2.32% : Read Full Report: http://www.Pennystocksinsiders.com/PR/092313A/NEM/NewmontMining.pdf Advanced Micro Devices, Inc. /quotes/zigman/216580/quotes/nls/amd AMD -0.91% : Read Full Report: http://www.Pennystocksinsiders.com/PR/092313A/AMD/AdvancedMicroDevices.pdf Mondelez International Inc. /quotes/zigman/11829567/quotes/nls/mdlz MDLZ -0.56% : Read Full Report: http://www.Pennystocksinsiders.com/PR/092313A/MDLZ/Mondelez.pdf Insider Filing Source Reference: All observations, analyses and reports are based on public information released by the U.S. Securities and Exchange Commission. About Pennystocksinsiders.com: Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community more… with the tools, software, and data necessary to carry out more effective investment research.
Source: http://www.marketwatch.com/story/insider-trading-recap-for-nike-sprint-netapp-newmont-mining-advanced-micro-devices-and-mondelez-international-2013-09-23

0

Ted Cruz: Obama’s Objective In Syria ‘fundamentally Wrong’

Repeatedly stating that President Barack Obama is concentrating on making a statement in defense of international norms, Cruz called the objective of a limited strike fundamentally wrong during a speech at The Heritage Foundation in Washington, D.C., on Wednesday afternoon. Instead, Cruz gave several examples of ways the crisis in Syria should be resolved, including forcing a vote from the United Nations Security Council on the issue and making sure Iran is not supplying the Assad regime with chemical weapons. Cruz also said the Obama Administration should not be naive in believing that Russia and China will immediately work in collaboration with the U.S. We shouldntexpect that Russia and China will do anything other than act in their own national interest, Cruz said. Cruz compared Obamas leadership style to that of Ronald Reagans during the Cold War, citing the trust, but verify, relationship Reagan had with the Soviet Union. Thats the sort of leadership we need, he said.
Source: http://blog.chron.com/txpotomac/2013/09/ted-cruz-obamas-objective-in-syria-fundamentally-wrong/

Obama Syria Reversal Sets Stage for Fights with Congress

Job Disapproval Obama is entering his face-offs with Republicans with some of his lowest poll ratings — 49 percent of Americans said they disapprove of the way hes handling his job, compared with 44 approving, according to a survey conducted by the Pew Research Center and USA Today on Sept. 4-8. On foreign policy, just one-third of voters approve of how the president is handling the issue — the lowest rating since he entered office. His approval ratings are going down, so he doesnt have the ability to dictate from the bully pulpit, said John Feehery , a Republican strategist and former aide to House Republican leaders. It gives Republicans an opening. Lingering Issue If the international talks proposed by Putin to try to rid Assads regime of its chemical weapons fail to produce any real result, the Syria conflict will consume valuable legislative time and force the White House to continue to grapple with an unpopular issue. So far, the White Houses effort in Syria hasnt done much to persuade Republicans clicking here that siding with the president is a politically wise choice.
Source: http://www.bloomberg.com/news/2013-09-12/obama-syria-reversal-sets-stage-for-fights-with-congress.html

Obama Marks 9/11 With Nod to Benghazi, Syria Crisis

That interpretation is simply wrong. Ever since Obama decided to go to Congress for approval of what he regards as the least-bad policy in Syria, we have been treated to a fascinating preview of foreign policy debates in the age of social media. In prior crises, the presidents meetings with leading figures in Congress have been shrouded in secrecy. Now there are endless live interviews and immediate Twitter feeds summarizing closed sessions. There has, in fact, been more transparency on Syria than on, say, the Obama-John Boehner budget negotiations. March 8, 2005 – A Syrian soldier riding on top of a tank gestures after leaving his position, in Dah Maybe what we are seeing here is how foreign policy gets made in a post-Iraq environment.
Source: http://news.yahoo.com/obama%E2%80%99s-message-on-syria–look-the-other-way-or-accept-moral-duty–131303120.html

Obama’s message on Syria: Look the other way or accept moral duty?

But even as the two officials prepared to meet in Washington, new revelations offered further fodder for Brazilian concerns about the surveillance. A report Sunday by Globo TV, based on leaked documents from Snowden, said the NSA targeted Brazil’s state-run oil company, Petrobras. It also said the NSA targeted the Belgium-based Society for Worldwide Interbank Financial Telecommunication, an organization that oversees international bank transfers thought to be secure transactions. The NSA programs have sparked international consternation from Latin America to Asia and Europe. Mexican President Enrique Pena Nieto, who shared his concerns during his own private meeting with Obama last week, has said reports the NSA had kept tabs on his communications, if true, would constitute an illegal act. And Obama found himself on the defensive last week during a stop in Stockholm, where he insisted the U.S.
Source: http://www.foxnews.com/us/2013/09/11/obama-aide-susan-rice-tells-brazil-legitimate-questions-about-nsa-surveillance/

President Obama, First Lady Michelle Obama, Vice President Joe Biden and Dr. Jill Biden, along with members of their staffs, began the day by marking the anniversary of the terror attacks of Sept. 11, 2001, first with a moment of silence on the South Lawn of the White House and then, for the president, a wreath-laying ceremony and speech at the Pentagon Memorial . Speaking to a crowd of dignitaries and families of Sept. 11 victims, Obama declared the anniversary a moment for prayer, public service and thanksgiving, especially for the survivors who have “taught us all there’s no trouble we cannot endure and there’s no calamity we cannot overcome.” Live Blog: 9/11 Anniversary Coverage “Even more than memorials of stone and water, your lives are the greatest tribute to those that we lost, for their legacy shines on in you,” Obama said. “When you smile just like him, when you toss your hair just like her, when you foster scholarships and service projects that bear the name of those we lost and make a better world; when you join the firehouse or you put on the uniform or you devote yourself to a cause greater than yourself, just like they did, that’s a testimony to them.” Elsewhere in Washington, lawmakers — many with small American flags tucked into the pockets of their suit jackets — filed onto the steps of the U.S.
Source: http://abcnews.go.com/Politics/president-obama-marks-911-nod-benghazi-syria-crisis/story?id=20224628

0

Market Strategists: 5 Contrarian Etf Investing Ideas

He was what I think of as the ultimate anti-dogmatist: he understood that it wasnt so much his opinion on an investment issue that mattered, but how that opinion was arrived at, wrote Brown, who is also a Bloomberg contributing editor. Two Recessions Miller was chief investment strategist from 1979 to 1998 at DLJ, after serving in that capacity for Oppenheimer Capital Corp. best stocks to buy with 10 grand His DLJ tenure coincided with two U.S. recessions from 1980 through 1982 followed by the start, on Aug.
Source: http://www.bloomberg.com/news/2013-09-09/eric-miller-noted-strategist-of-1980s-bull-market-dies-at-85.html

One of the things Ohio State enjoys over most other teams is a depth advantage at most positions. If one guy goes down, another guy steps in, and life goes on. When Braxton Miller went down very early on Saturday, Kenny Guiton stepped in like he was in the middle of practice for ballroom dancing or something and just blitzed San Diego State. Ballroom. Blitz. Take it away, Sweet…
Source: http://www.ajc.com/feed/sports/college/ohio-state-stock-market-report-sdsu/fT9JF/

Toward the end of bull markets, investors become complacent and their expectation for volatility is low. One catalyst that could get the blame for a market drop is the Federal Reserve tapering its quantitative easing, or bond purchasing, program. When it stops buying bonds, bond prices will decline and interest rates will rise. Rising interest rates are typically negative for stocks. Additional catalysts include tensions around the globe, like Syria, the upcoming appointment of a new Fed chairperson and a debt-ceiling deadline in mid-October.
Source: http://news.investors.com/investing-etfs/090613-670234-contrarian-etf-investing-ideas-stock-market-strategists.htm

Stock Market and Economic Cycles

For example, did you know that a bull market for stocks typically peaks before the economy peaks? In different words, a new bear market for stocks can begin even as the economy continues to grow. In fact, by the time the Federal Reserve officially announces a recession has begun, it could be a good time to get more aggressive and start putting more of your investment dollars into stocks. This article explains why the stock market and economy peak and trough at different times and how you might structure a portfolio to maximize returns. Defining and Differentiating the Market and the Economy All investors, which includes individuals, asset managers, pension funds, banks, insurance companies, just to name a few, collectively make up and influence what most refer to as the market. Technically the market refers to capital markets, which is a marketplace for investors to buy and sell investment securities, such as stocks, bonds and mutual funds.
Source: http://www.dubaichronicle.com/2013/09/09/stock-market-economic-cycles/

0

Forex News: Trading This Weeks Nfp Release

The OECD now sees the U.K. economy growing at +1.5% compared to its previous estimate of +0.8%. The revision is consistent with recent data, which has been more positive that the market had foreseen. British policymakers jobs have just got that much harder. The revised growth forecast does not make new Governor Mark Carneys job any easier either. Strong data and revised growth makes it difficult for policymakers to keep a lid on market rate expectations.
Source: http://www.forbes.com/sites/deanpopplewell/2013/09/03/missile-alerts-will-keep-forex-traders-on-edge/

The rupee has come under come under severe pressure and been the worst performing Asian currency since global investors offloaded their investment in emerging economies to maximise return from rising US bond prices after the Federal Reserve withdrew quantitative easing. The rupee depreciated about 27% since April to its record closing low of 68.80 a dollar on August 28. In comparison, Indonesian rupiah fell about 12% this year while Malaysian Ringgit saw 8% depreciation. Japanese yen fell 11.6% this year.
Source: http://economictimes.indiatimes.com/markets/forex/indias-forex-reserves-dip-to-three-year-low/articleshow/22372469.cms

The rupee has depreciated over 25 percent in value since May. Because of its deficits, it has fared worse than other emerging market currencies since the U.S. Federal Reserve first indicated it is considering reducing its bond-buying stimulus. External factors coupled with slowing domestic growth have dragged the rupee to a series of record lows, forcing the central bank to sell dollars from its reserves to avert a deeper slide of the local currency. The rupee touched a lifetime low of 68.85 to the dollar on August 28, and ended at 67.63/64 on Tuesday. India’s ratio of short-term debt to forex reserves rose to 33.1 percent at the end of March from 28.7 percent last September, the central bank added in its half-yearly foreign exchange reserves management report.
Source: http://in.reuters.com/article/2013/09/03/india-rbi-forex-reserves-idINDEE9820F720130903

Forex reserves dipped to 7 months import cover at end-March

As you can see these numbers have been anything but consistent, causing problems for traders. With this in mind, lets look at last months event in more detail. Below we can see exactly what occurred with last months price action on a EURUSD 5 minute chart, during the NFP news release. NFP numbers were expected to be released at 185k, meaning analysts expected 185,000 new jobs to be added to the economy. However, at the time of release the NFP number was issued lower than expected at 162k.
Source: <a Rydex ETF List href=’http://finance.yahoo.com/news/forex-news-trading-weeks-nfp-190000561.html&#8217; >http://finance.yahoo.com/news/forex-news-trading-weeks-nfp-190000561.html

Forex – GBP/USD holds steady after downbeat U.K. data

In addition, another 1.1 mbd or so barrels are transported through the 200-mile long Sumed pipeline connecting the Red Sea to the Mediterranean. As such, if there is any threat of disruption here, traders start panicking and this would increase the volatility of the market. High volatility necessitates a rebalancing of contracts and a clear rise of oil prices in the market. A good rule of thumb to apply here is that, for every 1% reduction in world oil production (exclusive of an equivalent reduction in demand), the average crude oil prices rise by up to $10 per barrel. When there is a crisis or any kind of instability in Egypt, hitches in the Suez Canal supply route can be caused by government cuts in communications all over the country.
Source: http://www.sbwire.com/press-releases/analysts-at-trading-forex-a-leading-forex-trading-broker-say-they-believe-tensions-in-egypt-and-syria-could-have-a-big-influence-on-oil-prices-323075.htm

A separate report showed that the U.K. trade deficit widened to GBP9.85 billion in July, from a dwonwardly revised deficit of GBP8.17 billion the previous month. Analysts had expected the trade deficit to narrow to GBP8.15 billion in July. In addition, the Bank of England said that inflation expectations for the third quarter ticked down to 3.2% from 3.6%. in the three months to June. Data also showed that U.K house prices rose less-than-expected in August, ticking up 0.4% after a 0.9% increase the previous month.
Source: http://www.moneycontrol.com/news/rupee/forex-gbpusd-holds-steady-after-downbeat-uk-data_946064.html