New ETF Book by Larry Connors - Click here to read more
Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
We're All Socialists Now, Pt. 2 (By Philip Holmes) Investors beat down shares of former automaking giant General Motors by 23% on Monday following Deutsche Bank's move to downgrade the stock from hold to sell. The price target? Goose eggs, or $0.00 as they say in Texas. The company says it needs as much as $15 billion of taxpayer dough to consummate its unholy marriage to Chrysler. Investors must figure that as a long shot, what with the roughly $1 trillion already going to save the financial services sector. While Americans may be squeamish about quasi-socialist bailouts, their would-be successors as economic big dogs, the Chinese, have no such qualms. China's government has hatched a $586 billion economic stimulus plan, and is pitching it to the public without shame or qualification. Wiping a Keynesian, sawdust-etched tear from our eye, we note that the plan will be heavy on infrastructure investment. But wait! Just when you thought the American Reds were finished, along comes Treasury's Hank Paulson to hit one into the (ever dearer) seats at insurer American International Group. Through its new TARP vehicle, Treasury will snap up around $40 billion of AIG preferred shares. As we all look forward to stockings filled with coal this Christmas, we note the passing of electronics retailer Circuit City into Chapter 11 twilight. This is the firm that not long ago fired some of its top earning salespeople, only to offer them their old jobs back at sharply lower wages. Yes, and it's the same CC that for years bullied these same salespeople into relentlessly pushing extended warranties onto every customer. It got so you couldn't buy a $10 calculator at CC without having to turn down the extended warranty offer at least three times. Circuit City pledges to stay in business during its restructuring, a series of moves that will include the firing of hundreds more salespeople. What do you want to bet that an army of lawyers, bankers and consultants will soon be getting rich working for Circuit City? And that the same guys that pulled that sleazy fire/rehire stunt get golden parachutes and skip away as rich men from the company they ruined? Why, it almost makes one yearn to vote a charismatic young liberal into the White House!
The Investrend Earnings Calendar features Consolidated Water (NASDAQ: CWCO), expected at $0.12; Energy Solutions (NYSE: ES), expected at $0.11; Fossil (NASDAQ: FOSL), expected at $0.49; Ralcorp (NYSE: RAH), expected at $0.82.
The Investrend Economics Calendar lists Veterans Day Holiday, Stocks Open, Weekly Chain Store Sales (8:55 a.m.).
The Investrend Events Calendar showcases AEP, CNP, GXP, NST, TRP, DTE at EEI Financial Conf; AVII, CELG, MBRX, NTRZ, RPTP, OSCI at Rodman & Renshaw Annual Global Investment Conf; Bond markets closed in observance of Veterans Day; ELN, GENZ, IDIX, GILD, MNTA, INCY, ALXN, BIIB at 2008 DB-BIOTECH BOSTON CONFAB; MER, CYN, IVZ, BX, CNS, STT at Merrill Lynch Banking & Financial Services Conf; ORCD, BIDZ, GSIC, PRTS, KNOT at Piper Jaffray Global Internet Summit; PH, ROP, WBC, DCI, IEX, ESE, LSTR at Robert W. Baird & Co Industrial Con; RYL, SPF, KBH, MTH, LEN, CTX, BZH at UBS Building and Building Products Sixth Annual CEO Conf.
The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed 14 advancers versus 35 decliners and one unchanged. Advancers were led by Centennial Communications Corpo (NASDAQ: CYCL) up 102.60%, Stemcells, Inc. (NASDAQ: STEM) up 30.81%, LAS VEGAS SANDS CORP (NYSE: LVS) up 13.80%, AMER INTL GROUP INC (NYSE: AIG) up 8.06%, Fulton Financial Corporation (NASDAQ: FULT) up 6.90%, People's United Financial, Inc. (NASDAQ: PBCT) up 6.31%. Decliners followed American Capital Strategies, Lt (NASDAQ: ACAS) down 42.85%, GEN MOTORS (NYSE: GM) down 22.94%, JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) down 19.04%, Charles Schwab Corporation (The (NASDAQ: SCHW) down 9.16%, MORGAN STANLEY (NYSE: MS) down 8.76%, GOLDMAN SACHS GRP (NYSE: GS) down 8.45%, NVIDIA Corporation (NASDAQ: NVDA) down 6.42%, MOTOROLA INC (NYSE: MOT) down 6.05%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.mozy.com
Quote of the Day: "We have too many high-sounding words, and too few actions that correspond with them." Abigail Smith Adams
Today is: Veterans Day.
Happy Birthday: Abigail Adams, Fyodor Dostoyevsky, Pat O'Brien, Gen. George S. Patton, Stubby Kaye, Kurt Vonnegut, Jonathan Winters, Jesse Colin Young, Stanley Tucci, Demi Moore, Calista Flockhart, Leonardo DiCaprio.
Today in History: In what is now Provincetown Harbor near Cape Cod, the Mayflower Compact was signed in 1620 on the Mayflower, establishing the basic laws for the Plymouth Colony. Australian bushranger Ned Kelly was hanged at Melbourne Gaol in 1880. Washington was admitted as the 42nd U.S. state in 1889. NASA launched spaceship Gemini 12 in 1966.
[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
http://www.financialwire.net
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
