Automotive giant General Motors (NYSE:GM) is still chastised for receiving government funding to fend off its demise during the height of the credit crisis. The coinciding trip through bankruptcy proceedings also helped clear billions of debt and legacy costs that were holding it back from competing successfully with larger rivals such as Toyota (NYSE:TM) and Honda (NYSE:HMC). It may take some time for the Government Motors stigma to subside, but like any company that is recapitalized, it has received a new lease on life that could end up quite lucrative for shareholders. Investopedia … [Read more...]
Institutional and Inside Buyers Are Buying Stocks Under $5 (CLWR, SNV, CMLS, DVAX)
Written by Daniel Guttridge Low-priced stocks often tend to be more volatile in their price movements than higher priced stocks, but does that mean they should be avoided? What if both insiders in the company and institutions are buying them? Insider ActivityMany analysts follow insider buying trends because, after all, insiders know more about their companies than anyone else. Their investment activity is closely monitored and can tell us a lot about where they feel the business is heading. Here we look at insider buying as a percentage of the share float. Companies experiencing insider … [Read more...]
Dry Gas Drilling Cuts And Production Shut Ins Continue (UPL, ECA, TLM, EGN)
Several more producers of natural gas have announced reductions in dry gas drilling or production, as the exploration and production industry continues to deal with the weak environment expected for natural gas during the year. Investopedia Markets: Explore the best one-stop source for financial news, quotes and insights. More CutsUltra Petroleum (NYSE:UPL) is planning to spend $925 million in capital in 2012, down from the $1.5 billion spent in 2011. The reduction in development drilling will be more substantial, with the company spending only $625 million in 2012, down 50% from the $1.3 … [Read more...]
Airline Stocks Descend As Oil Soars
All of the major airline stocks have been coming under some heavy selling pressure since early February 2012. The catalyst for the decline in the airlines sector has been the sharp increase in oil. Crude has been soaring higher by more than $100.00 a barrel since early February and this happens to coincide with the decline in the airline stocks. Yesterday, spot crude closed at over $106.00 a barrel, and this is a problematic number for the airline industry. All of the leading airline stocks still look to have further weakness ahead. United Continental Holdings Inc (NYSE:UAL) is one of the … [Read more...]
Nordstrom Affordable, But Not A Steal (JWN, M, SKS, JCP)
Upscale department store operator Nordstorm (NYSE:JWN) closed the doors on its fiscal year in fine fashion, reporting solid, low-double digit sales and profit growth. It is also increasingly relying on its off-price sales channels until the United States economy is back on firmer footing. Overall, the company's growth potential remains solid, though the outlook for investors is slightly less compelling. Investopedia Markets: Explore the best one-stop source for financial news, quotes and insights. Full Year RecapTotal revenues advanced 12.1% to $10.9 billion. Of those sales, $10.5 … [Read more...]
A Convertible Income Choice (CWB, CVRT, CHY, AGC)
Given the slow moving process of getting the economy back on track, the Federal Reserve has signaled that it plans to keep interest rates at historically low levels until 2014. For income seekers that continues to be a problem. Traditional sources of yield such as treasury bills, certificate of deposits and money market funds like the Guggenheim Enhanced Short Duration Bond (ARCA:GSY) pay next to nothing, and will do so for the next year or so. For those relying on their investments for their daily expenses, this means moving into some unfamiliar territory to gain yield. One unfamiliar and … [Read more...]
NetApp Puts Some Fears To Rest (NTAP, EMC, HPQ, IBM)
The outlook for enterprise IT in 2012 is still uncertain, but one thing that does seem more certain is that the demand for enterprise data storage capacity is only going to increase. While data gets more crowded, NetApp (Nasdaq:NTAP) has established itself as a strong and solid No. 2 player in this growth market and investors can still count this as a name worthy of consideration. Investopedia Markets: Explore the best one-stop source for financial news, quotes and insights. Third Quarter Broadly In LineNetApp's financial results for its fiscal third quarter were broadly in line with … [Read more...]
Gold Miners Are Stuck In A Ditch
This morning, all of the leading gold mining stocks seem to be under some slight selling pressure. The Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading lower this morning by 0.34 cents to $55.48 a share. The daily chart for the GDX remains very range bound at this time. The GDX has made a series of lower highs since November 2011 and this is a sign of weakness. The high end of the trading range would be around the $58.00 area, the low end of the range is around the $50.00 level. Short term traders should watch for intra-day support around the $55.00, and $54.00 levels. Some leading … [Read more...]
Slightly Lower Open, All Eyes On The Dollar

This morning, the S&P 500 Index e-mini futures (ES H2) are trading lower by 2.75 points to 1357.25 per contract. Once again, the U.S. Dollar Index is trading higher before the opening bell. As you all probably know by now, when the U.S. Dollar Index futures (DX H2) are higher the major stock market indexes are generally lower. The opposite effect will take place if the U.S. Dollar Index declines, the leading stock and commodity markets will usually trade higher. Nearly every trading day when the U.S. Dollar Index is higher before the opening bell it will have a … [Read more...]
Forex: EUR/USD flat ahead of Europe opening
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