We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Unusual Volume:
O2 Secure Wireless Inc (OTCBB:OTOW)
OTOW traded a massive 85 million shares this morning, with its last ten day average
being 6.5 million, the stock has surged by 140%, pushing its price to $0.0048
O2 Secure Wireless, Inc. (O2) was established as an Internet communications company
providing high-speed wireless broadband products and services to residents within
high-density residential communities, mobile professionals, as well as to companies
that support these customers. O2 designs, engineers, deploy and maintain wireless
Internet products that are offered to its primary customers.
Gainer on Volume:
US WIRELESS ONLINE INC (PINK:UWRL)
UWRL price pushed up 35% to $0.0009, this off a volume of 94 million shares, about 3 x
its average volume.
U.S. Wireless Online, Inc. provides high-speed, wireless Internet access and related
applications and services for businesses in Alabama, Arkansas, Kentucky, Louisiana,
Ohio, Pennsylvania, Tennessee, Texas, Indiana, Mississippi, and Georgia. The company
owns and operates the broadband wireless Internet network spanning approximately
3,000 square miles
Latest News: US Wireless Online Inc. (UWRL)'s Go Green Electronic Recycling Acquires
New Building
Unusual Volume:
WinWin Gaming, Inc. (OTCBB:WNWN)
WNWN also saw a lot of unusual volume this morning. Off a volume of 2.1 million
shares, the company saw 100% gains to push the price to $0.0044
WinWin Gaming, Inc. (WinWin) is a multimedia developer and publisher of sports,
lottery and other games. The Company has two business segments: Wireless Game
and Lottery Services. The Wireless Game business segment involves developing and
publishing mobile games through its subsidiaries, Pixiem, Inc. (Pixiem) and Shanghai E-
BEAR Digital Mobile Software Inc. (E-BEAR).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Wednesday, 30 June 2010
Stocks struggle to rise
The ADP report showed less of a job-market gain than economists had hoped, which dented stocks trying to recoup losses from the prior session.
NEW YORK (CNNMoney.com) -- Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
Worries about the pace of the global economic recovery slammed stocks around the world Tuesday. The S&P 500 tumbled 3.1%, following a sharp drop in Asia and Europe.
One of the triggers for the sell-off was a report that suggested growth in China would slow in the second half of 2010, which raised worries about the prospect of a global economic slowdown.
"The market really got knocked yesterday, so now we're seeing a bounce-back," said David Jones, chief market strategist at IG Markets. "After the battering markets have taken recently, it looks like we're headed for somewhat of a recovery and quiet trading ahead of the key employment numbers on Friday."
Economy: A report on private sector jobs from payroll processing firm ADP showed the U.S. economy gained 13,000 jobs in June. The figure was significantly less than the 61,000 increase forecast from economists surveyed by Briefing.com, after a revised gain of 57,000 in May.
The ADP report came ahead of the all-important employment report released by the U.S. government on Friday.
World markets: Economic woes continued to hammer markets in Asia Wednesday, where stocks extended losses. The Shanghai Composite lost 1.1%, Japan's Nikkei tumbled 2% and the Hang Seng in Hong Kong declined 0.6%.
European shares struggled in afternoon trading. Britain's FTSE 100, France's CAC 40 and the DAX in Germany were all slightly lower.
Companies: Executives from Goldman Sachs (GS, Fortune 500) and AIG (AIG, Fortune 500) will testify before a congressional committee on derivatives.
Prepared remarks from Joseph Cassano, the man who ran the business at the center of AIG's collapse, showed he would maintain he led efforts to shield the insurer from fallout.
Dollar and commodities: The dollar was lower against the euro and the Japanese yen but up versus the British pound.
U.S. light crude oil for August delivery fell 15 cents to $75.79 a barrel.
COMEX gold's August contract dropped $5 to $1,237.40 per ounce.
Bonds: Treasury prices fell, pushing the yield on the 10-year note up to 2.95%. On Tuesday, the yield fell below the critical 3% level for the first time since April 2009. Bond prices and yields move in opposite directions
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
NEW YORK (CNNMoney.com) -- Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
Worries about the pace of the global economic recovery slammed stocks around the world Tuesday. The S&P 500 tumbled 3.1%, following a sharp drop in Asia and Europe.
One of the triggers for the sell-off was a report that suggested growth in China would slow in the second half of 2010, which raised worries about the prospect of a global economic slowdown.
"The market really got knocked yesterday, so now we're seeing a bounce-back," said David Jones, chief market strategist at IG Markets. "After the battering markets have taken recently, it looks like we're headed for somewhat of a recovery and quiet trading ahead of the key employment numbers on Friday."
Economy: A report on private sector jobs from payroll processing firm ADP showed the U.S. economy gained 13,000 jobs in June. The figure was significantly less than the 61,000 increase forecast from economists surveyed by Briefing.com, after a revised gain of 57,000 in May.
The ADP report came ahead of the all-important employment report released by the U.S. government on Friday.
World markets: Economic woes continued to hammer markets in Asia Wednesday, where stocks extended losses. The Shanghai Composite lost 1.1%, Japan's Nikkei tumbled 2% and the Hang Seng in Hong Kong declined 0.6%.
European shares struggled in afternoon trading. Britain's FTSE 100, France's CAC 40 and the DAX in Germany were all slightly lower.
Companies: Executives from Goldman Sachs (GS, Fortune 500) and AIG (AIG, Fortune 500) will testify before a congressional committee on derivatives.
Prepared remarks from Joseph Cassano, the man who ran the business at the center of AIG's collapse, showed he would maintain he led efforts to shield the insurer from fallout.
Dollar and commodities: The dollar was lower against the euro and the Japanese yen but up versus the British pound.
U.S. light crude oil for August delivery fell 15 cents to $75.79 a barrel.
COMEX gold's August contract dropped $5 to $1,237.40 per ounce.
Bonds: Treasury prices fell, pushing the yield on the 10-year note up to 2.95%. On Tuesday, the yield fell below the critical 3% level for the first time since April 2009. Bond prices and yields move in opposite directions
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tuesday, 29 June 2010
Here is your mid morning roundup for June 29,
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
VIDA up 70%
AVTI up 200%
SPAH up 55%
Gainer on volume:
Vidaroo Corp (OTCBB:VIDA)
VIDA had a great morning, with the stock making gains of over 70%, off 2.9
million shares, 20x its last 10 day average volume. Price pushes to $0.154
Vidaroo Corporation is a video technology company that provides the best-in-
breed Online Video Platform, video production and advertising on its Online
Video Network that reaches over 10 million visitors monthly. Vidaroo's Online
Video Platform, Online Video Advertising Network and video production has
earned the trust of a growing customer base including advertising agencies,
iconic artists, media companies, organizations, businesses, and national
brands.
Latest News: Gen2Media Corp Provides Video Production For Artist John Mayer
Battle Studies World Tour
Breakout Volume:
Avitar Inc. (OTCBB:AVTI)
AVTI did massive volume this morning, its biggest since mid January. Its price
pushed 200% off a volume of 116 million. Price is at $0.0003
Avitar, Inc. is a publicly traded holding company now focusing on investing
in and building a network of joint venture interests, or, as the situation may
require, operating subsidiaries. These joint ventures or subsidiaries are or will
be engaged in various innovative businesses. Currently the company's joint
venture interest with Johnnie's Famous Shoes, Inc. provides Avitar with its
entry into its new business model.
Latest News: Avitar, Inc. Enters JV Agreement With Johnnie's Famous Shoes
Volume:
SPECTRUM ACQSTN HLDGS (PINK:SPAH)
SPAH was another that saw volume highs. The company saw a six month high of
3.6 million shares traded which pushed the price by 55%. Price is now at $0.014
Spectrum Acquisition Holdings is executing a three-pronged strategy for
growth. The Company is acquiring interests in high quality, low-risk gold
projects with past production and sizeable resources. Spectrum is developing
technology solutions to enable more sustainable, smaller footprint mineral
exploration, production and processing. Spectrum is also pursuing acquisitions
of mining sector service companies including operators, mine site service
providers, equipment manufacturers, geology firms and technology developers
Latest News: Spectrum Holdings Receives Patent Allowance for Small Footprint
Mining Equipment
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
VIDA up 70%
AVTI up 200%
SPAH up 55%
Gainer on volume:
Vidaroo Corp (OTCBB:VIDA)
VIDA had a great morning, with the stock making gains of over 70%, off 2.9
million shares, 20x its last 10 day average volume. Price pushes to $0.154
Vidaroo Corporation is a video technology company that provides the best-in-
breed Online Video Platform, video production and advertising on its Online
Video Network that reaches over 10 million visitors monthly. Vidaroo's Online
Video Platform, Online Video Advertising Network and video production has
earned the trust of a growing customer base including advertising agencies,
iconic artists, media companies, organizations, businesses, and national
brands.
Latest News: Gen2Media Corp Provides Video Production For Artist John Mayer
Battle Studies World Tour
Breakout Volume:
Avitar Inc. (OTCBB:AVTI)
AVTI did massive volume this morning, its biggest since mid January. Its price
pushed 200% off a volume of 116 million. Price is at $0.0003
Avitar, Inc. is a publicly traded holding company now focusing on investing
in and building a network of joint venture interests, or, as the situation may
require, operating subsidiaries. These joint ventures or subsidiaries are or will
be engaged in various innovative businesses. Currently the company's joint
venture interest with Johnnie's Famous Shoes, Inc. provides Avitar with its
entry into its new business model.
Latest News: Avitar, Inc. Enters JV Agreement With Johnnie's Famous Shoes
Volume:
SPECTRUM ACQSTN HLDGS (PINK:SPAH)
SPAH was another that saw volume highs. The company saw a six month high of
3.6 million shares traded which pushed the price by 55%. Price is now at $0.014
Spectrum Acquisition Holdings is executing a three-pronged strategy for
growth. The Company is acquiring interests in high quality, low-risk gold
projects with past production and sizeable resources. Spectrum is developing
technology solutions to enable more sustainable, smaller footprint mineral
exploration, production and processing. Spectrum is also pursuing acquisitions
of mining sector service companies including operators, mine site service
providers, equipment manufacturers, geology firms and technology developers
Latest News: Spectrum Holdings Receives Patent Allowance for Small Footprint
Mining Equipment
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
U.S. Stocks Drop, Led By Commodity Shares, as Oil, Metals Fall
June 28 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for the fifth time in six days, as declines in oil and metal prices dragged down commodity producers.
Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White House appeal of a racketeering case against tobacco companies. Sprint Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to increase airwaves available for smartphones, laptops and new wireless devices.
The S&P 500 decreased 0.2 percent to 1,074.57 as of 4 p.m. in New York after gaining as much as 0.5 percent. The Dow Jones Industrial Average slipped 5.29 points, or 0.1 percent, to 10,138.52. About three stocks retreated for every two that rose on U.S. exchanges.
“There’s not a great deal of conviction in this market,” said Michael Shaoul, chairman of Marketfield Asset Management, which oversees more than $800 million and whose flagship fund beat 97 percent of peers over the last year. “In general there seems to be a lack of buyers in the equity market and I think that’ll stay in place through the end of the quarter.”
The S&P 500 is poised for an 8.1 percent second-quarter retreat, snapping a four-quarter streak of gains. The index rallied 9.2 percent from the end of 2009 through this year’s high on April 23 amid signs of improvement in the global economy. The gauge then tumbled 14 percent through June 7 on concern Europe’s debt crisis may derail the economic recovery.
2010 Retreat
The measure remains 3.6 percent lower in 2010, trimming its valuation to less than 16 times the reported earnings of its companies, near the lowest level in almost a year.
Benchmark indexes opened higher following a report showing consumer purchases rose 0.2 percent after little change the prior month, Commerce Department figures showed. Incomes climbed 0.4 and the savings rate increased to the highest level in eight months.
Exxon Mobil, the largest U.S. energy company, retreated 1.1 percent to $58.47. Energy shares in the S&P 500 lost 1.3 percent as a group, the biggest decline among 10 industries.
Oil retreated on speculation that production in the Gulf of Mexico will be unaffected by a tropical storm in the region. Oil for August delivery fell 61 cents, or 0.8 percent, to $78.25 a barrel in New York. Futures have dropped 6.6 percent in the quarter and 1.4 percent this year.
Gold, Copper
Freeport-McMoRan slid 2.9 percent to $64.66. Gold dropped in New York after the precious metal failed to sustain gains above $1,260 an ounce, prompting selling by investors who had earlier speculated that prices would reach a record. Copper prices fell for the first time in three sessions as the dollar’s advance curbed demand for the metal as an alternative investment.
Alcoa Inc. fell 1.8 percent to $11.03. The largest U.S. aluminum maker agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings. The transaction is expected to be completed by the end of the third quarter, Alcoa said.
Boeing Co. sank 2.1 percent to $67.30. Dubai Aerospace Enterprise said it is seeking to renegotiate plane orders with the airplane company and Airbus SAS as it attempts to reduce its debt levels, French daily Les Echos reported, citing unidentified people. Boeing shares fell as much as 44 percent in trading before the open of U.S. exchanges before the trades were canceled, according to data compiled by Bloomberg.
‘One Way or Another’
Benchmark indexes fluctuated for much of the day, with tobacco and telephone companies leading the market higher in afternoon trading before the S&P 500 turned decisively lower in the session’s final hour.
“The resolution of the conflict between the bulls and the bears is likely to be resolved one way or another over the next three weeks,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Johnson Illington. “Nobody wants to jump in too soon. That’s why you have a little bit of a plus then a little bit of a minus, there’s no big mover.”
Altria gained 3.3 percent to $20.34. Shares of the largest U.S. tobacco company surged after the Supreme Court refused to hear an Obama administration appeal, all but ensuring that the racketeering suit first pressed by former President Bill Clinton’s administration won’t result in financial penalties against Altria’s Philip Morris USA and R.J. Reynolds Tobacco Co.
‘Sector Rotation’
Reynolds American Inc. shares rallied 4.1 percent to $53.45. Lorillard Inc. shares climbed 2.5 percent to $73.54. Tobacco shares sent a gauge of consumer-staples companies in the S&P 500 to a 1.1 percent advance, the biggest gain among 10 groups.
“You’re getting sector rotation into consumer staples,” said Chad Morganlander, a portfolio manager at Stifel Nicolaus & Co. in Florham Park, New Jersey, which has about $90 billion in client assets. “Government stimulus is subsiding and that warrants concern and kicks off a run into the long-end of the yield curve and sector rotation out of economically sensitive companies into staples.”
Sprint Nextel rallied 6.2 percent to $4.46, Tellabs Inc. soared 8.2 percent to $6.89 and AT&T Inc. rose 0.7 percent to $25.05 to lead telephone companies to the second biggest gain among 10 groups in the S&P 500. Obama signed a memorandum that commits the U.S. to free up 500 megahertz of government and commercial spectrum in the next 10 years, to meet demands for mobile access to broadband services.
G-20 Meeting
European stocks advanced after Group of 20 leaders responded to the European debt crisis with deficit-reduction targets and agreed to pursue higher capital requirements for banks once economic recoveries take hold.
Advanced G-20 economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016, the group said in a statement yesterday after a meeting in Toronto. Leaders said nations can move at their own pace and also pledged to fulfill existing stimulus plans.
Obama welcomed the deficit-cutting goal even as he warned against acting too quickly to pull back stimulus measures. Obama also said at the conclusion of summit that the U.S. will be watching closely as China relaxes its currency policy.
“Coming out of the G-20 summit some countries are pursuing aggressive tightening of fiscal policy whereas others are continuing to have more stimulative programs,” said Eric Teal, who oversees about $4.5 billion as chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina. “Divergent views as how to best stimulate growth are causing some uncertainty in the markets.”
Earnings Watch
UBS AG’s average estimate for earnings in 2011 for companies on the S&P 500 would fall 7.2 percent to $90 were the European economy to slip back into recession, strategist Jonathan Golub wrote in a report today. The average estimate for earnings-per-share for S&P 500 companies in 2011 is $88.60, according to a survey of 10 strategists from June 21.
Stock prices are mirroring government bond yields more than ever, a signal to bulls that shares may be poised to rally. The S&P 500 and 10-year Treasury rates posted a correlation coefficient of 0.8412 in the 60 trading days through June 16, showing stock prices and bond yields were the most linked in Bloomberg data going back to 1962. The last time the relationship was almost this strong during an economic expansion was at the beginning of the 2002 to 2007 bull market, when the benchmark gauge for U.S. equities doubled.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White House appeal of a racketeering case against tobacco companies. Sprint Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to increase airwaves available for smartphones, laptops and new wireless devices.
The S&P 500 decreased 0.2 percent to 1,074.57 as of 4 p.m. in New York after gaining as much as 0.5 percent. The Dow Jones Industrial Average slipped 5.29 points, or 0.1 percent, to 10,138.52. About three stocks retreated for every two that rose on U.S. exchanges.
“There’s not a great deal of conviction in this market,” said Michael Shaoul, chairman of Marketfield Asset Management, which oversees more than $800 million and whose flagship fund beat 97 percent of peers over the last year. “In general there seems to be a lack of buyers in the equity market and I think that’ll stay in place through the end of the quarter.”
The S&P 500 is poised for an 8.1 percent second-quarter retreat, snapping a four-quarter streak of gains. The index rallied 9.2 percent from the end of 2009 through this year’s high on April 23 amid signs of improvement in the global economy. The gauge then tumbled 14 percent through June 7 on concern Europe’s debt crisis may derail the economic recovery.
2010 Retreat
The measure remains 3.6 percent lower in 2010, trimming its valuation to less than 16 times the reported earnings of its companies, near the lowest level in almost a year.
Benchmark indexes opened higher following a report showing consumer purchases rose 0.2 percent after little change the prior month, Commerce Department figures showed. Incomes climbed 0.4 and the savings rate increased to the highest level in eight months.
Exxon Mobil, the largest U.S. energy company, retreated 1.1 percent to $58.47. Energy shares in the S&P 500 lost 1.3 percent as a group, the biggest decline among 10 industries.
Oil retreated on speculation that production in the Gulf of Mexico will be unaffected by a tropical storm in the region. Oil for August delivery fell 61 cents, or 0.8 percent, to $78.25 a barrel in New York. Futures have dropped 6.6 percent in the quarter and 1.4 percent this year.
Gold, Copper
Freeport-McMoRan slid 2.9 percent to $64.66. Gold dropped in New York after the precious metal failed to sustain gains above $1,260 an ounce, prompting selling by investors who had earlier speculated that prices would reach a record. Copper prices fell for the first time in three sessions as the dollar’s advance curbed demand for the metal as an alternative investment.
Alcoa Inc. fell 1.8 percent to $11.03. The largest U.S. aluminum maker agreed to buy closely held Traco to expand its offering of windows and doors for commercial buildings. The transaction is expected to be completed by the end of the third quarter, Alcoa said.
Boeing Co. sank 2.1 percent to $67.30. Dubai Aerospace Enterprise said it is seeking to renegotiate plane orders with the airplane company and Airbus SAS as it attempts to reduce its debt levels, French daily Les Echos reported, citing unidentified people. Boeing shares fell as much as 44 percent in trading before the open of U.S. exchanges before the trades were canceled, according to data compiled by Bloomberg.
‘One Way or Another’
Benchmark indexes fluctuated for much of the day, with tobacco and telephone companies leading the market higher in afternoon trading before the S&P 500 turned decisively lower in the session’s final hour.
“The resolution of the conflict between the bulls and the bears is likely to be resolved one way or another over the next three weeks,” said Hugh Johnson, who oversees $1.85 billion as chairman of Albany, New York-based Johnson Illington. “Nobody wants to jump in too soon. That’s why you have a little bit of a plus then a little bit of a minus, there’s no big mover.”
Altria gained 3.3 percent to $20.34. Shares of the largest U.S. tobacco company surged after the Supreme Court refused to hear an Obama administration appeal, all but ensuring that the racketeering suit first pressed by former President Bill Clinton’s administration won’t result in financial penalties against Altria’s Philip Morris USA and R.J. Reynolds Tobacco Co.
‘Sector Rotation’
Reynolds American Inc. shares rallied 4.1 percent to $53.45. Lorillard Inc. shares climbed 2.5 percent to $73.54. Tobacco shares sent a gauge of consumer-staples companies in the S&P 500 to a 1.1 percent advance, the biggest gain among 10 groups.
“You’re getting sector rotation into consumer staples,” said Chad Morganlander, a portfolio manager at Stifel Nicolaus & Co. in Florham Park, New Jersey, which has about $90 billion in client assets. “Government stimulus is subsiding and that warrants concern and kicks off a run into the long-end of the yield curve and sector rotation out of economically sensitive companies into staples.”
Sprint Nextel rallied 6.2 percent to $4.46, Tellabs Inc. soared 8.2 percent to $6.89 and AT&T Inc. rose 0.7 percent to $25.05 to lead telephone companies to the second biggest gain among 10 groups in the S&P 500. Obama signed a memorandum that commits the U.S. to free up 500 megahertz of government and commercial spectrum in the next 10 years, to meet demands for mobile access to broadband services.
G-20 Meeting
European stocks advanced after Group of 20 leaders responded to the European debt crisis with deficit-reduction targets and agreed to pursue higher capital requirements for banks once economic recoveries take hold.
Advanced G-20 economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016, the group said in a statement yesterday after a meeting in Toronto. Leaders said nations can move at their own pace and also pledged to fulfill existing stimulus plans.
Obama welcomed the deficit-cutting goal even as he warned against acting too quickly to pull back stimulus measures. Obama also said at the conclusion of summit that the U.S. will be watching closely as China relaxes its currency policy.
“Coming out of the G-20 summit some countries are pursuing aggressive tightening of fiscal policy whereas others are continuing to have more stimulative programs,” said Eric Teal, who oversees about $4.5 billion as chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina. “Divergent views as how to best stimulate growth are causing some uncertainty in the markets.”
Earnings Watch
UBS AG’s average estimate for earnings in 2011 for companies on the S&P 500 would fall 7.2 percent to $90 were the European economy to slip back into recession, strategist Jonathan Golub wrote in a report today. The average estimate for earnings-per-share for S&P 500 companies in 2011 is $88.60, according to a survey of 10 strategists from June 21.
Stock prices are mirroring government bond yields more than ever, a signal to bulls that shares may be poised to rally. The S&P 500 and 10-year Treasury rates posted a correlation coefficient of 0.8412 in the 60 trading days through June 16, showing stock prices and bond yields were the most linked in Bloomberg data going back to 1962. The last time the relationship was almost this strong during an economic expansion was at the beginning of the 2002 to 2007 bull market, when the benchmark gauge for U.S. equities doubled.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tobacco Leads Market's Rise
Stocks climbed, led by tobacco companies after the Supreme Court declined to review a landmark tobacco-industry ruling.
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco companies leading the consumer staples sector higher. Reynolds American gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the high court refused to revisit a case that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking.
The high court rejected appeals by both the tobacco industry, seeking to overturn lower-court holdings, and the government, attempting to revive its rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs.
In Europe, most equity markets posted slight gains, with the Stoxx Europe 600 index up 0.3% recently.
But the euro, recently trading around $1.2323, fell to a new low against the Swiss franc and weakened against the dollar. The dollar slipped against the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys climbed, with the 10-year note up to push yield down to 3.05%. Gold futures advanced.
In other economic data, the Commerce Department said consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, in line with the expectations of economists surveyed by Dow Jones Newswires. Also matching expectations, incomes rose 0.4% in May, helped by slow improvements in the jobs market, following a 0.5% increase in April.
American depositary shares of oil giant BP rose 2.4%. BP said the costs of cleaning up the oil spill in the Gulf of Mexico have soared to $2.65 billion, an increase of $300 million from its estimate last Friday. The firm is currently drilling a relief well in an effort to stop the leak after numerous other strategies failed.
Among other stocks in focus, Universal Health Services slid 1.6% after Standard & Poor's Ratings Services cut the company to junk territory, saying its company's pending $2 billion acquisition of mental-health facility operator Psychiatric Solutions will have a dramatic impact on its financial risk profile.
Noble Corp. jumped 4.8% after agreeing to acquire privately held drilling company FDR Holdings for $2.16 billion as the energy company also announced the signing of new contracts with Royal Dutch Shell PLC.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco companies leading the consumer staples sector higher. Reynolds American gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the high court refused to revisit a case that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking.
The high court rejected appeals by both the tobacco industry, seeking to overturn lower-court holdings, and the government, attempting to revive its rejected attempt to get tobacco companies to forfeit up to $280 billion in profits and pay $10 billion for smoking-cessation programs.
In Europe, most equity markets posted slight gains, with the Stoxx Europe 600 index up 0.3% recently.
But the euro, recently trading around $1.2323, fell to a new low against the Swiss franc and weakened against the dollar. The dollar slipped against the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of six others, rose 0.2%. Demand for Treasurys climbed, with the 10-year note up to push yield down to 3.05%. Gold futures advanced.
In other economic data, the Commerce Department said consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, in line with the expectations of economists surveyed by Dow Jones Newswires. Also matching expectations, incomes rose 0.4% in May, helped by slow improvements in the jobs market, following a 0.5% increase in April.
American depositary shares of oil giant BP rose 2.4%. BP said the costs of cleaning up the oil spill in the Gulf of Mexico have soared to $2.65 billion, an increase of $300 million from its estimate last Friday. The firm is currently drilling a relief well in an effort to stop the leak after numerous other strategies failed.
Among other stocks in focus, Universal Health Services slid 1.6% after Standard & Poor's Ratings Services cut the company to junk territory, saying its company's pending $2 billion acquisition of mental-health facility operator Psychiatric Solutions will have a dramatic impact on its financial risk profile.
Noble Corp. jumped 4.8% after agreeing to acquire privately held drilling company FDR Holdings for $2.16 billion as the energy company also announced the signing of new contracts with Royal Dutch Shell PLC.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Monday, 28 June 2010
Stocks fall after consumer spending remains weak
NEW YORK — Stocks slipped Monday after a report signaled that consumers remain cautious about spending.
The Dow Jones industrial average fell about 6 points in morning trading. Broader indexes also fell. Treasury prices rose and drove down interest rates as investors remained concerned about the economy.
The modest drop in stocks comes ahead of a big week of economic data, including the government's monthly jobs report on Friday. Investors will want to see private sector job growth because any signs of hiring could add confidence that the economy is improving.
A report Monday showed that consumers are still nervous about spending while unemployment remains high. The government said consumer spending rose 0.2 percent last month, just above the 0.1 percent growth forecast by economists polled by Thomson Reuters.
Growth was slow, although personal income rose 0.4 percent. A bigger jump in income than spending means consumers are still unsure about their financial position and choosing to save their money. Weak spending could continue to hamper growth because consumer spending is the biggest driver of the economy.
The tepid recovery has led some leaders around the world to push for new spending to bolster growth. But more government spending would make it difficult to control deficits and could drive up borrowing costs if investors worrying about defaults demand higher interest rates.
The G20, a group of rich and developing nations including the U.S., agreed over the weekend that industrialized nations would halve deficits by 2013. But they didn't resolve differences between those seeking more spending and those looking for cost cuts. Leaders said, however, that they wouldn't pull government support too quickly. There are concerns that the sudden drop in demand could short circuit a global rebound.
Some European nations have been pushing for steep spending cuts to avoid problems such as those encountered by Greece. The country required a European Union-led bailout to avoid defaulting on its debt. Concerns that debt problems would spread beyond Europe and hurt a recovery have hurt stocks since late April and pounded the euro, the currency used by 16 European countries.
In midmorning trading, the Dow Jones industrial average fell 6.27, or 0.1 percent, to 10,137.31. The broader Standard & Poor's 500 index fell 1.82, or 0.2 percent, to 1,074.94. The Nasdaq composite index fell 5.61, or 0.3 percent, to 2,217.87.
Treasury prices rose, pushing down yields. The yield on the benchmark 10-year Treasury note fell to 3.05 percent from 3.11 percent late Friday. Treasurys often rise when investors are uncertain about the strength of the economy because they are stable investments that produce modest gains.
The euro fell to $1.2323.
Crude oil fell 80 cents to $78.06 per barrel on the New York Mercantile Exchange. A tropical storm in the Gulf of Mexico isn't expected to hit the oil spill.
Four stocks fell for every three that rose on the New York Stock Exchange, where volume came to 167 million shares compared with 204 million shares traded at the same point Friday.
Overseas, Britain's FTSE 100 fell 0.2 percent, Germany's DAX index gained 0.5 percent, and France's CAC-40 rose 0.4 percent. Japan's Nikkei stock average fell 0.5 percent.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The Dow Jones industrial average fell about 6 points in morning trading. Broader indexes also fell. Treasury prices rose and drove down interest rates as investors remained concerned about the economy.
The modest drop in stocks comes ahead of a big week of economic data, including the government's monthly jobs report on Friday. Investors will want to see private sector job growth because any signs of hiring could add confidence that the economy is improving.
A report Monday showed that consumers are still nervous about spending while unemployment remains high. The government said consumer spending rose 0.2 percent last month, just above the 0.1 percent growth forecast by economists polled by Thomson Reuters.
Growth was slow, although personal income rose 0.4 percent. A bigger jump in income than spending means consumers are still unsure about their financial position and choosing to save their money. Weak spending could continue to hamper growth because consumer spending is the biggest driver of the economy.
The tepid recovery has led some leaders around the world to push for new spending to bolster growth. But more government spending would make it difficult to control deficits and could drive up borrowing costs if investors worrying about defaults demand higher interest rates.
The G20, a group of rich and developing nations including the U.S., agreed over the weekend that industrialized nations would halve deficits by 2013. But they didn't resolve differences between those seeking more spending and those looking for cost cuts. Leaders said, however, that they wouldn't pull government support too quickly. There are concerns that the sudden drop in demand could short circuit a global rebound.
Some European nations have been pushing for steep spending cuts to avoid problems such as those encountered by Greece. The country required a European Union-led bailout to avoid defaulting on its debt. Concerns that debt problems would spread beyond Europe and hurt a recovery have hurt stocks since late April and pounded the euro, the currency used by 16 European countries.
In midmorning trading, the Dow Jones industrial average fell 6.27, or 0.1 percent, to 10,137.31. The broader Standard & Poor's 500 index fell 1.82, or 0.2 percent, to 1,074.94. The Nasdaq composite index fell 5.61, or 0.3 percent, to 2,217.87.
Treasury prices rose, pushing down yields. The yield on the benchmark 10-year Treasury note fell to 3.05 percent from 3.11 percent late Friday. Treasurys often rise when investors are uncertain about the strength of the economy because they are stable investments that produce modest gains.
The euro fell to $1.2323.
Crude oil fell 80 cents to $78.06 per barrel on the New York Mercantile Exchange. A tropical storm in the Gulf of Mexico isn't expected to hit the oil spill.
Four stocks fell for every three that rose on the New York Stock Exchange, where volume came to 167 million shares compared with 204 million shares traded at the same point Friday.
Overseas, Britain's FTSE 100 fell 0.2 percent, Germany's DAX index gained 0.5 percent, and France's CAC-40 rose 0.4 percent. Japan's Nikkei stock average fell 0.5 percent.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Jeff Saut: The Economy's Rolling Over, And It's Time To Get Cautious On Stocks
On his latest missive, Raymond James strategist Jeffrey Saut reveals some real nervousness about the state of the economy and the market:
As often stated, since the Dow Theory “sell signal” of September 1999 I have suggested the equity markets were likely going to be in a trading range pattern similar to the 1966 – 1982 affair. Clearly, that is what has occurred over the last 10 years. Most recently, the 54% slide from The Dow’s October 2007 peak into its March 2009 low has been followed by a 70%+ rally that ended in April of this year. Subsequently, the senior index experienced it first double-digit decline since the March 2009 bottom, ushering in cries of “the bear market rally is over!” To me, however, all that’s transpired is another decline within the context of the broad trading range the Dow has been in since the turn of the century. Nevertheless, I must admit I am concerned because a Dow Theory “sell signal” was registered during the recent decline. Accordingly, I am back in a cautious mode, which is why investment accounts should have some cash, while trading accounts should be relatively “flat.” I also have to admit I am worried about the weakening economic reports.
To be sure, the number of economic indicators surprising to the downside is about equal to those surprising on the upside. According to the astute Bespoke Investment Group, “Of the eleven economic indicators released last week, only six came in ahead of expectations, while five surprised to the downside.” One of those downside surprises was Wednesday’s shockingly weak New Home Sales, which inked the weakest reading since the statistics began in 1963. That said, I don’t think housing is going to spin the economy into another recession, because going from 1.5 million housing starts to 400,000 is plainly impactful. But, going from 400,000 to 300,000, well who cares? To me participants should be much more nervous about the sharp decline in the Economic Cycle Research Institute’s (ECRI) weekly leading economic index (see the attendant chart). Readers of these missives should recall I often referenced this index as proof of the economic recovery when the index was ramping at its sharpest rate in history. Regrettably, it is now declining at one of its sharpest rates (see chart).
But it's not time to freak out just yet:
While I am indeed concerned about the ECRI’s weekly index of leading indicators, it should be noted that while the ECRI Index has been an excellent predictor of the economy, it has NOT been very accurate in predicting the stock market’s direction. Still, given the Dow Theory “sell signal,” the intermediate “sell signal” registered by my proprietary trading indicator, and the “hook down” in the monthly stochastic indicator (all of which can be seen in last week’s letter), I have no choice but to be cautious until circumstances change.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
As often stated, since the Dow Theory “sell signal” of September 1999 I have suggested the equity markets were likely going to be in a trading range pattern similar to the 1966 – 1982 affair. Clearly, that is what has occurred over the last 10 years. Most recently, the 54% slide from The Dow’s October 2007 peak into its March 2009 low has been followed by a 70%+ rally that ended in April of this year. Subsequently, the senior index experienced it first double-digit decline since the March 2009 bottom, ushering in cries of “the bear market rally is over!” To me, however, all that’s transpired is another decline within the context of the broad trading range the Dow has been in since the turn of the century. Nevertheless, I must admit I am concerned because a Dow Theory “sell signal” was registered during the recent decline. Accordingly, I am back in a cautious mode, which is why investment accounts should have some cash, while trading accounts should be relatively “flat.” I also have to admit I am worried about the weakening economic reports.
To be sure, the number of economic indicators surprising to the downside is about equal to those surprising on the upside. According to the astute Bespoke Investment Group, “Of the eleven economic indicators released last week, only six came in ahead of expectations, while five surprised to the downside.” One of those downside surprises was Wednesday’s shockingly weak New Home Sales, which inked the weakest reading since the statistics began in 1963. That said, I don’t think housing is going to spin the economy into another recession, because going from 1.5 million housing starts to 400,000 is plainly impactful. But, going from 400,000 to 300,000, well who cares? To me participants should be much more nervous about the sharp decline in the Economic Cycle Research Institute’s (ECRI) weekly leading economic index (see the attendant chart). Readers of these missives should recall I often referenced this index as proof of the economic recovery when the index was ramping at its sharpest rate in history. Regrettably, it is now declining at one of its sharpest rates (see chart).
But it's not time to freak out just yet:
While I am indeed concerned about the ECRI’s weekly index of leading indicators, it should be noted that while the ECRI Index has been an excellent predictor of the economy, it has NOT been very accurate in predicting the stock market’s direction. Still, given the Dow Theory “sell signal,” the intermediate “sell signal” registered by my proprietary trading indicator, and the “hook down” in the monthly stochastic indicator (all of which can be seen in last week’s letter), I have no choice but to be cautious until circumstances change.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Here is your mid morning roundup for June 28
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Gainer on volume:
Minerco Resources Inc (OTCBB:MINE)
MINE was the pick of OTCBB this morning. The company traded a massive 96 million shares,
pushing the price upwards by 58%, to see it at $0.043
Minerco Resources Inc. (MINE) is a progressive developer, producer and provider of clean,
renewable energy solutions in Latin America. The Company was incorporated in 2007 as a stage
oil and gas company. MINE's current focus is on clean, renewable energy projects throughout
Latin America.
Latest News: Minerco Resources, Inc. Receives Honduran National Commission of Energy
("NCE") Conformation of the Long-Term Rate Structure for the Company's 30 Year
Operations Contract for the Chiligatoro Hydro-Electric Project
Volume:
Atlantis Technology Group (OTCBB:ATNP)
ATNP saw an almost 3 month volume high in early trading. ATNP saw 245 million shares traded
which represents 10x its average daily volume. Price pushed up 65% to $0.001
Atlantis Technology Group was formed to develop privately held and publicly traded technology
companies that focus on high-growth investments at the leading edge of business and
technological innovation.
Latest News: Atlantis Technology Group's Subsidiary Global Online Television
Corporation Has Entered Into a Merger Agreement With a Publicly Traded Entity
Gainer:
Kenilworth Systems Corporation (OTCBB:KENS)
KENS made some solid gains early on. On a volume of 2.3 million, which represents 10 x
average volume, KENS saw gains of 190% for a price that pushes to $0.009
Kenilworth Systems Corporation (Kenilworth) is a development stage company. The Company
is engaged in the development and outsourcing the manufacture of the terminals that permit
individuals to play along with live in-progress casino table games at locations inside and outside
the casino confines (remote locations).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
Gainer on volume:
Minerco Resources Inc (OTCBB:MINE)
MINE was the pick of OTCBB this morning. The company traded a massive 96 million shares,
pushing the price upwards by 58%, to see it at $0.043
Minerco Resources Inc. (MINE) is a progressive developer, producer and provider of clean,
renewable energy solutions in Latin America. The Company was incorporated in 2007 as a stage
oil and gas company. MINE's current focus is on clean, renewable energy projects throughout
Latin America.
Latest News: Minerco Resources, Inc. Receives Honduran National Commission of Energy
("NCE") Conformation of the Long-Term Rate Structure for the Company's 30 Year
Operations Contract for the Chiligatoro Hydro-Electric Project
Volume:
Atlantis Technology Group (OTCBB:ATNP)
ATNP saw an almost 3 month volume high in early trading. ATNP saw 245 million shares traded
which represents 10x its average daily volume. Price pushed up 65% to $0.001
Atlantis Technology Group was formed to develop privately held and publicly traded technology
companies that focus on high-growth investments at the leading edge of business and
technological innovation.
Latest News: Atlantis Technology Group's Subsidiary Global Online Television
Corporation Has Entered Into a Merger Agreement With a Publicly Traded Entity
Gainer:
Kenilworth Systems Corporation (OTCBB:KENS)
KENS made some solid gains early on. On a volume of 2.3 million, which represents 10 x
average volume, KENS saw gains of 190% for a price that pushes to $0.009
Kenilworth Systems Corporation (Kenilworth) is a development stage company. The Company
is engaged in the development and outsourcing the manufacture of the terminals that permit
individuals to play along with live in-progress casino table games at locations inside and outside
the casino confines (remote locations).
Have a great day trading,
Regards from the team at www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Friday, 25 June 2010
Here is your mid morning roundup for June 25,
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
(OTCBB:DKAM), (OTCBB:TSNP), (OTCBB:PCLI)
Gainer:
Drinks Americas Holdings Ltd (OTCBB:DKAM)
DKAM has seen gains upwards of 75% in early trading this morning, this off a volume of 1.9
million. DKAM price is presently at $0.0089
Drinks America Holdings, Ltd., incorporated in September 2002, develops, produces (primarily
through contracts with independent contractors called co-packers), markets and/or distributes
alcoholic and non-alcoholic beverages for sale primarily in the United States.
Gainer:
Tesoro Enterprises Inc. (OTCBB:TSNP)
TSNP saw gains close to 71% in early trading and gains of 140% in two days. Volume was above
its 10 day average at 33 million shares. Price is currently at $0.0011
Tesoro Enterprises, Inc. (TEI) through its wholly owned subsidiary, Fashion Floor Covering &
Tile, Inc. (FFCT), markets and sells carpet, wood, ceramic tile and natural stone floor and wall
covering materials. FFCT sells and installs these products to retail customers, do-it-yourselfers
and building contractors.
Gainer:
Protocall Technologies Inc (OTCBB:PCLI)
PCLI has also seen gains of over 70% this morning. Gains for the company since Monday are at
180%. Today’s volume is at 7.1 million, about 50% higher than average. Price is at $0.01
Protocall Technologies Incorporated is engaged in the development and commercialization of
an electronic sell-through platform that enables retailers to produce digital versatile disc (DVD)
movie, consumer software and video game products in retail packaging at their stores and
Website distribution centers.
Have a great day trading,
Regards from the team at,
www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
(OTCBB:DKAM), (OTCBB:TSNP), (OTCBB:PCLI)
Gainer:
Drinks Americas Holdings Ltd (OTCBB:DKAM)
DKAM has seen gains upwards of 75% in early trading this morning, this off a volume of 1.9
million. DKAM price is presently at $0.0089
Drinks America Holdings, Ltd., incorporated in September 2002, develops, produces (primarily
through contracts with independent contractors called co-packers), markets and/or distributes
alcoholic and non-alcoholic beverages for sale primarily in the United States.
Gainer:
Tesoro Enterprises Inc. (OTCBB:TSNP)
TSNP saw gains close to 71% in early trading and gains of 140% in two days. Volume was above
its 10 day average at 33 million shares. Price is currently at $0.0011
Tesoro Enterprises, Inc. (TEI) through its wholly owned subsidiary, Fashion Floor Covering &
Tile, Inc. (FFCT), markets and sells carpet, wood, ceramic tile and natural stone floor and wall
covering materials. FFCT sells and installs these products to retail customers, do-it-yourselfers
and building contractors.
Gainer:
Protocall Technologies Inc (OTCBB:PCLI)
PCLI has also seen gains of over 70% this morning. Gains for the company since Monday are at
180%. Today’s volume is at 7.1 million, about 50% higher than average. Price is at $0.01
Protocall Technologies Incorporated is engaged in the development and commercialization of
an electronic sell-through platform that enables retailers to produce digital versatile disc (DVD)
movie, consumer software and video game products in retail packaging at their stores and
Website distribution centers.
Have a great day trading,
Regards from the team at,
www.StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Like Button - Facebook Developers
Like Button - Facebook Developers
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Market Insight: Watch global cues
MUMBAI: The weak global market mood was reflected on the domestic bourses as well. The proposed decontrol and resultant hike in fuel prices triggered buying across stocks from the oil space but gave way to sharp profit-booking across other counters.
Banking stocks, which had displayed strength initially, were battered as the fuel price hike, along with rising inflation, increased fears of rate hikes by the central bank.
The share prices of oil marketing companies rose sharply, and registered one of the highest intra-day gains between 9-14% each.
Reliance Natural Resources moved up over 3% as the Ambani brothers signed a revised gas supply agreement ending the long standing overhang at the counter.
Lastly, as we had forecast, it was also the apprehension of carrying long positions overnight that aggravated the intensity of the sell-off in the final hour of trade.
With the euphoria that has surrounded the fuel price decontrol buzz, it would be interesting to see how the trading sessions pan out next week. For now, traders would do well to avoid contrary positions in oil stocks unless there are any rollback of some of the measures announced or proposed.
Price actions in interest rate sensitives such as banking, real estate and auto needs to be closely monitored as the possibility of policy tightening has increased considerably.
Also, keep a close watch on events taking place over the weekend in the global markets. With Eurozone crisis once again threatening to take centre stage, global markets may once again surrender to the uncertainty. This could have an adverse impact on the equity markets globally.
(The report is powered by www.theipoguru.com)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Banking stocks, which had displayed strength initially, were battered as the fuel price hike, along with rising inflation, increased fears of rate hikes by the central bank.
The share prices of oil marketing companies rose sharply, and registered one of the highest intra-day gains between 9-14% each.
Reliance Natural Resources moved up over 3% as the Ambani brothers signed a revised gas supply agreement ending the long standing overhang at the counter.
Lastly, as we had forecast, it was also the apprehension of carrying long positions overnight that aggravated the intensity of the sell-off in the final hour of trade.
With the euphoria that has surrounded the fuel price decontrol buzz, it would be interesting to see how the trading sessions pan out next week. For now, traders would do well to avoid contrary positions in oil stocks unless there are any rollback of some of the measures announced or proposed.
Price actions in interest rate sensitives such as banking, real estate and auto needs to be closely monitored as the possibility of policy tightening has increased considerably.
Also, keep a close watch on events taking place over the weekend in the global markets. With Eurozone crisis once again threatening to take centre stage, global markets may once again surrender to the uncertainty. This could have an adverse impact on the equity markets globally.
(The report is powered by www.theipoguru.com)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Wednesday, 23 June 2010
Economic News
The Second Housing Crisis Is Here
As the collapse of the U.S. housing sector accelerated in 2008 and the precise nature of this supply-driven bubble became apparent, I laid out a very specific “blueprint” for putting a genuine “bottom” in this market.
The U.S. government needed to commit $1 trillion to $2 trillion to paying down the mortgage balances of U.S. homeowners in order to restore some badly needed equity for these homeowners, which in turn, would provide some stability to the U.S. housing market by eliminating most/all “underwater” mortgages, thus ending the incentive to “walk away” from these mortgages. (Source: Real Clear Markets) Click here to read the full article
Gold ends at a record high
Gold prices hit a record high settlement Thursday, driven by continued anxiety over the economy.
The flight to gold caused it to close at $1,248.20 per troy ounce, a gain of $18.20, or nearly 1.5%, from the prior day.
The prior record for a settlement, set June 8, was $1,246.50 an ounce.
Gold prices appeared to get a lift from weakness on Wall Street, as well as inflation fears, considering the sallow state of the euro. (Source: CNN Money) Click here to read the full article
Jobless claims and price data back low rates policy
Fears growth was slowing were heightened by news on Thursday that factory activity in June in the country’s Mid-Atlantic region braked to its slowest pace in 10 months.
Analysts had generally expected the recovery from the most painful recession since the 1930s to moderate in the second half of this year as a boost from a rebuilding of business inventories and massive stimulus from the government faded.
“We are seeing that now. It is slowing as the temporary lifts from the stimulus and inventories recede, but not something that is consistent with a contraction of the economy,” said Keith Hembre, chief economist at First American Funds in Minneapolis, Minnesota. (Source: Reuters) Click here to read the full article
U.S. May CPI falls 0.2% on lower gas prices
U.S. consumer prices decreased in May for the second straight month as gasoline prices fell, the Labor Department reported Thursday.
The consumer price index fell a seasonally adjusted 0.2% in May after a 0.1% decline in April, the government said. Energy prices fell 2.9%, food prices were flat and shelter prices rose 0.1%.
The core CPI — which excludes volatile food and energy prices in order to get a look at underlying inflation — rose 0.1%, just the second monthly increase this year.
The report matched economists’ expectations. (Source: Marketwatch) Click here to read the full article
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
As the collapse of the U.S. housing sector accelerated in 2008 and the precise nature of this supply-driven bubble became apparent, I laid out a very specific “blueprint” for putting a genuine “bottom” in this market.
The U.S. government needed to commit $1 trillion to $2 trillion to paying down the mortgage balances of U.S. homeowners in order to restore some badly needed equity for these homeowners, which in turn, would provide some stability to the U.S. housing market by eliminating most/all “underwater” mortgages, thus ending the incentive to “walk away” from these mortgages. (Source: Real Clear Markets) Click here to read the full article
Gold ends at a record high
Gold prices hit a record high settlement Thursday, driven by continued anxiety over the economy.
The flight to gold caused it to close at $1,248.20 per troy ounce, a gain of $18.20, or nearly 1.5%, from the prior day.
The prior record for a settlement, set June 8, was $1,246.50 an ounce.
Gold prices appeared to get a lift from weakness on Wall Street, as well as inflation fears, considering the sallow state of the euro. (Source: CNN Money) Click here to read the full article
Jobless claims and price data back low rates policy
Fears growth was slowing were heightened by news on Thursday that factory activity in June in the country’s Mid-Atlantic region braked to its slowest pace in 10 months.
Analysts had generally expected the recovery from the most painful recession since the 1930s to moderate in the second half of this year as a boost from a rebuilding of business inventories and massive stimulus from the government faded.
“We are seeing that now. It is slowing as the temporary lifts from the stimulus and inventories recede, but not something that is consistent with a contraction of the economy,” said Keith Hembre, chief economist at First American Funds in Minneapolis, Minnesota. (Source: Reuters) Click here to read the full article
U.S. May CPI falls 0.2% on lower gas prices
U.S. consumer prices decreased in May for the second straight month as gasoline prices fell, the Labor Department reported Thursday.
The consumer price index fell a seasonally adjusted 0.2% in May after a 0.1% decline in April, the government said. Energy prices fell 2.9%, food prices were flat and shelter prices rose 0.1%.
The core CPI — which excludes volatile food and energy prices in order to get a look at underlying inflation — rose 0.1%, just the second monthly increase this year.
The report matched economists’ expectations. (Source: Marketwatch) Click here to read the full article
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tuesday, 22 June 2010
Business News
General Mills investigates hoax press release
General Mills Inc (GIS: Charts, News, Offers) has begun investigating a hoax press release that said U.S. President Barack Obama had ordered a probe into the cereal maker’s supply chain.
The release was sent around midnight Eastern time on PR Newswire, a large U.S. distributor of corporate press releases and a unit of Britain’s United Business Media Ltd.
Some major news media outlets reported contents from the release before the hoax was confirmed.
The fake release said Obama late Tuesday evening “ordered a full investigation into the General Mills supply chain in most major global markets” following voluntary recalls on food products, “most notably its cereal and fast food items in the US, UK, Europe and Asia.”
General Mills spokeswoman Kirstie Foster said: “The release was entirely false.” (Source: Yahoo Finance)
AIG to Be Final Insurer on TARP as Lincoln Plans Exit
American International Group Inc. (AIG: Charts, News, Offers), recipient of the first and the biggest of U.S. insurer bailouts, will become the last carrier with public funds now that Lincoln National Corp. (LNC: Charts,News, Offers) plans to repay its rescue.
AIG Chief Executive Officer Robert Benmosche, who promised taxpayers full redemption and a profit, is selling units and counting on a revival at the businesses that remain. His stewardship got a vote of confidence from Federal Reserve Chairman Ben S. Bernanke on June 9, while the following day Congressional Oversight Panel Chairman Elizabeth Warren said taxpayers were still saddled with “a lot of risk.”
“They’re going to owe their ability to repay the taxpayer to capital-market conditions that are not in the hands of Robert Benmosche or Ben Bernanke,” said Bill Bergman, an analyst at Morningstar Inc. in Chicago. (Source: BusinessWeek)
News Corp. buys e-reader platform, stake in paid news effort
News Corp. (NWS: Charts, News, Offers) on Monday revealed it has signed a deal to acquire the Skiff LLC e-reader platform from Hearst Corp., and to take a stake in Journalism Online, the joint venture created to help newspapers charge for online content. Terms were not disclosed.
News Corp. is the parent company of Dow Jones & Co., which includes The Wall Street Journal, Dow Jones Newswires, Barron’s, Factiva and MarketWatch, the publisher of this report.
With both transactions, News Corp. seeks to make good on Chairman Rupert Murdoch’s determination to get more revenue from the company’s news content at a time when traditional advertising models appear to be eroding. (Source: Marketwatch)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
General Mills Inc (GIS: Charts, News, Offers) has begun investigating a hoax press release that said U.S. President Barack Obama had ordered a probe into the cereal maker’s supply chain.
The release was sent around midnight Eastern time on PR Newswire, a large U.S. distributor of corporate press releases and a unit of Britain’s United Business Media Ltd.
Some major news media outlets reported contents from the release before the hoax was confirmed.
The fake release said Obama late Tuesday evening “ordered a full investigation into the General Mills supply chain in most major global markets” following voluntary recalls on food products, “most notably its cereal and fast food items in the US, UK, Europe and Asia.”
General Mills spokeswoman Kirstie Foster said: “The release was entirely false.” (Source: Yahoo Finance)
AIG to Be Final Insurer on TARP as Lincoln Plans Exit
American International Group Inc. (AIG: Charts, News, Offers), recipient of the first and the biggest of U.S. insurer bailouts, will become the last carrier with public funds now that Lincoln National Corp. (LNC: Charts,News, Offers) plans to repay its rescue.
AIG Chief Executive Officer Robert Benmosche, who promised taxpayers full redemption and a profit, is selling units and counting on a revival at the businesses that remain. His stewardship got a vote of confidence from Federal Reserve Chairman Ben S. Bernanke on June 9, while the following day Congressional Oversight Panel Chairman Elizabeth Warren said taxpayers were still saddled with “a lot of risk.”
“They’re going to owe their ability to repay the taxpayer to capital-market conditions that are not in the hands of Robert Benmosche or Ben Bernanke,” said Bill Bergman, an analyst at Morningstar Inc. in Chicago. (Source: BusinessWeek)
News Corp. buys e-reader platform, stake in paid news effort
News Corp. (NWS: Charts, News, Offers) on Monday revealed it has signed a deal to acquire the Skiff LLC e-reader platform from Hearst Corp., and to take a stake in Journalism Online, the joint venture created to help newspapers charge for online content. Terms were not disclosed.
News Corp. is the parent company of Dow Jones & Co., which includes The Wall Street Journal, Dow Jones Newswires, Barron’s, Factiva and MarketWatch, the publisher of this report.
With both transactions, News Corp. seeks to make good on Chairman Rupert Murdoch’s determination to get more revenue from the company’s news content at a time when traditional advertising models appear to be eroding. (Source: Marketwatch)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Your Money
Midlife Crisis: How to Cut the Cost
By his own admission, Greg Abel is going through some sort of crisis, of the midlife variety. Until about a year ago, the 46-year-old from Austin, Texas, says, he was just like any other mild-mannered family man he knew, with two kids, a mortgage and a 9-to-5 job in tech management. But with a Ph.D. in microbiology, he always assumed he’d eventually get back to his first love, academia – until he began working longer days during the recession and had to drop his part-time teaching gig. That lifeline gone, he quickly found himself aimless and adrift, and ready to try something totally different.
It involved a parachute.
For many months now, he’s been throwing himself out of a plane from more than 10,000 feet. And that’s just one item on his bucket list of middle-aged must-dos. (Source: SmartMoney) Click here to read the full article
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
By his own admission, Greg Abel is going through some sort of crisis, of the midlife variety. Until about a year ago, the 46-year-old from Austin, Texas, says, he was just like any other mild-mannered family man he knew, with two kids, a mortgage and a 9-to-5 job in tech management. But with a Ph.D. in microbiology, he always assumed he’d eventually get back to his first love, academia – until he began working longer days during the recession and had to drop his part-time teaching gig. That lifeline gone, he quickly found himself aimless and adrift, and ready to try something totally different.
It involved a parachute.
For many months now, he’s been throwing himself out of a plane from more than 10,000 feet. And that’s just one item on his bucket list of middle-aged must-dos. (Source: SmartMoney) Click here to read the full article
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Monday, 21 June 2010
US stocks brace for volatile week
NEW YORK (AFP) – US stocks ended the week more than two percent higher amid optimism over the global economic recovery, but as Wall Street braced for a volatile week with a heavy dose of US economic data.
The blue-chip Dow Jones Industrial Average advanced 2.3 percent over the week to end Friday at 10,450.64 as traders digested a week of mixed economic data. Some stability in debt-stricken Europe buoyed confidence.
The tech-rich Nasdaq index climbed three percent to 2,309.80 and the broad-market S&P 500 index gained 2.4 percent at 1,117.51.
Trade was notably slower than the roller coaster session of previous weeks, analysts said.
"Whether the slower action is the result of market participants taking a breather following the volatile activity over the last two months or the beginning of a summer lull remains to be seen," said analysts atBriefing.com.
One notable exception was New York-listed shares in British oil giant BP, which were hit hard following the company's massive oil spill in the gulf and as its credit rating was slashed by top rating agencies.
BP's shares fell 6.5 percent for the week, after trading close to 52-week lows in the middle of the week.
The focus of next week's trade is sure to be a meeting of the Federal Reserve's policy-making body on Tuesday and Wednesday.
The Fed board is expected to vote to keep interest rates unchanged at virtually zero percent as the economy continues to be dogged by unemployment concerns.
While no interest rate changes were expected, "the status of the extra measures the Fed has taken to address liquidity and the cost of capital will continue to be monitored," analysts at Charles Schwab & Co said.
And other data will be scrutinized.
In the coming week, the market will grapple with existing home sales for May that are expected to show a jump as well as new home sales for the same month that many believe would slump.
The government will provide a final revision of the 2010 first quarter gross domestic product (GDP) growth, which is expected to remain unchanged at 3.0 percent.
"All of those data releases have the potential to move the markets," analysts at Briefing.com cautioned clients in a note.
Traders are expected to remain cautious even though stocks climbed nearly all of last week.
The stock market is expected to "continue to drift going into second quarter earnings season (July), moving up and down in tandem with the movement of the euro and headline news coming out of Europe and the Gulf of Mexico," said Frederic Dickson, chief market strategist with DA Davidson & Co.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The blue-chip Dow Jones Industrial Average advanced 2.3 percent over the week to end Friday at 10,450.64 as traders digested a week of mixed economic data. Some stability in debt-stricken Europe buoyed confidence.
The tech-rich Nasdaq index climbed three percent to 2,309.80 and the broad-market S&P 500 index gained 2.4 percent at 1,117.51.
Trade was notably slower than the roller coaster session of previous weeks, analysts said.
"Whether the slower action is the result of market participants taking a breather following the volatile activity over the last two months or the beginning of a summer lull remains to be seen," said analysts atBriefing.com.
One notable exception was New York-listed shares in British oil giant BP, which were hit hard following the company's massive oil spill in the gulf and as its credit rating was slashed by top rating agencies.
BP's shares fell 6.5 percent for the week, after trading close to 52-week lows in the middle of the week.
The focus of next week's trade is sure to be a meeting of the Federal Reserve's policy-making body on Tuesday and Wednesday.
The Fed board is expected to vote to keep interest rates unchanged at virtually zero percent as the economy continues to be dogged by unemployment concerns.
While no interest rate changes were expected, "the status of the extra measures the Fed has taken to address liquidity and the cost of capital will continue to be monitored," analysts at Charles Schwab & Co said.
And other data will be scrutinized.
In the coming week, the market will grapple with existing home sales for May that are expected to show a jump as well as new home sales for the same month that many believe would slump.
The government will provide a final revision of the 2010 first quarter gross domestic product (GDP) growth, which is expected to remain unchanged at 3.0 percent.
"All of those data releases have the potential to move the markets," analysts at Briefing.com cautioned clients in a note.
Traders are expected to remain cautious even though stocks climbed nearly all of last week.
The stock market is expected to "continue to drift going into second quarter earnings season (July), moving up and down in tandem with the movement of the euro and headline news coming out of Europe and the Gulf of Mexico," said Frederic Dickson, chief market strategist with DA Davidson & Co.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Cramer's Take on Headline Stocks: June 21
NEW YORK (stocksource) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer (read an excerpt from his new book here) often reminds, investors must do their homework.
So what has Cramer had to say lately about today's headline-makers?
In recent blog post, Cramer wrote:
"All sorts of groups appear buyable, including aerospace with Boeing(BA) leading; auto, withMagna(MGA) and Ford and health care, withCardinal(CAH), Express Scripts(ESRX),Medco(MHS), Stericycle(SRCL), and United Health(UNH) (the HMOs all show up strongly, at last) finally joining AmerisourceBergen(ABC) with nice trends."
First Solar(FSLR): China's decision to allow the yuan to appreciate against the dollar could give a boost to solar stocks such as First Solar and SunPower(SPWRA).
On a "Lightning Round" segment earlier this month, Cramer told viewers to sell First Solar. "You cannot make solar profitable here," he said. "This is the first subsidy that governments will be cutting. Don't get beheaded. "
Apple(AAPL): Apple's iPad should see some competition soon from Nokia(NOK), which has produced prototypes of a tablet it hopes will be ready by the fall, according to DigiTimes.
On Friday's "Mad Money" show, Cramer said that earnings reports this week fromAdobe(ADBE) AND Research in Motion(RIMM) will provide insight into Action Alerts PLUSstock Apple's effect on the companies. Cramer told viewers to pick up more Apple on any weakness.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
So what has Cramer had to say lately about today's headline-makers?
In recent blog post, Cramer wrote:
"All sorts of groups appear buyable, including aerospace with Boeing(BA) leading; auto, withMagna(MGA) and Ford and health care, withCardinal(CAH), Express Scripts(ESRX),Medco(MHS), Stericycle(SRCL), and United Health(UNH) (the HMOs all show up strongly, at last) finally joining AmerisourceBergen(ABC) with nice trends."
First Solar(FSLR): China's decision to allow the yuan to appreciate against the dollar could give a boost to solar stocks such as First Solar and SunPower(SPWRA).
On a "Lightning Round" segment earlier this month, Cramer told viewers to sell First Solar. "You cannot make solar profitable here," he said. "This is the first subsidy that governments will be cutting. Don't get beheaded. "
Apple(AAPL): Apple's iPad should see some competition soon from Nokia(NOK), which has produced prototypes of a tablet it hopes will be ready by the fall, according to DigiTimes.
On Friday's "Mad Money" show, Cramer said that earnings reports this week fromAdobe(ADBE) AND Research in Motion(RIMM) will provide insight into Action Alerts PLUSstock Apple's effect on the companies. Cramer told viewers to pick up more Apple on any weakness.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tech Stocks Rise, Gold Hits Record High
Weekly Wrap Up
The major indices continued their upward trend from the week before, closing the week on a positive note for the second week in a row. The Dow Jones Industrial Average gained nearly 240 points, and the NYSE rose 173. Most of the gains came from Tuesday’s trading session, with the indices only posting minor changes in either direction during the rest of the week. Economic news kept investors on their toes. As factory activity and CPI both slipped and jobless claims increased, many investors invested in gold, sending it to a record high at the end of the week. The euro performed well this week, as concerns lessened about the European debt issues. U.S. crude oil jumped from $73.44 a barrel to to $77.18 a barrel. Apple (AAPL: Charts, News, Offers) captured the headlines this week, as preorders of their new iPhone were coming in faster than they could be handled. Other tech stocks including Best Buy (BBY: Charts, News,Offers), Hewlett-Packard (HPQ: Charts, News, Offers), Dell (DELL: Charts, News, Offers) and Research in Motion (RIMM: Charts, News, Offers) performed strongly this week, although Nokia (NOK: Charts, News,Offers) slipped on a disappointing outlook and failure to release new products. In the financial sector, Citigroup (C: Charts, News, Offers) announced plans to raise money for private equity and hedge funds, while AIG (AIG: Charts, News, Offers) will soon become the last TARP recipient which still needs to pay off its bailout funding. Finally, investors remained concerned with BP’s (BP: Charts, News, Offers) actions dealing with the oil spill, but seemed pleased with the government’s decision that BP must provide $20 billion in relief funds.More Market News
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The major indices continued their upward trend from the week before, closing the week on a positive note for the second week in a row. The Dow Jones Industrial Average gained nearly 240 points, and the NYSE rose 173. Most of the gains came from Tuesday’s trading session, with the indices only posting minor changes in either direction during the rest of the week. Economic news kept investors on their toes. As factory activity and CPI both slipped and jobless claims increased, many investors invested in gold, sending it to a record high at the end of the week. The euro performed well this week, as concerns lessened about the European debt issues. U.S. crude oil jumped from $73.44 a barrel to to $77.18 a barrel. Apple (AAPL: Charts, News, Offers) captured the headlines this week, as preorders of their new iPhone were coming in faster than they could be handled. Other tech stocks including Best Buy (BBY: Charts, News,Offers), Hewlett-Packard (HPQ: Charts, News, Offers), Dell (DELL: Charts, News, Offers) and Research in Motion (RIMM: Charts, News, Offers) performed strongly this week, although Nokia (NOK: Charts, News,Offers) slipped on a disappointing outlook and failure to release new products. In the financial sector, Citigroup (C: Charts, News, Offers) announced plans to raise money for private equity and hedge funds, while AIG (AIG: Charts, News, Offers) will soon become the last TARP recipient which still needs to pay off its bailout funding. Finally, investors remained concerned with BP’s (BP: Charts, News, Offers) actions dealing with the oil spill, but seemed pleased with the government’s decision that BP must provide $20 billion in relief funds.More Market News
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks extend gains as China eases currency policy - The Denver Post
Stocks extend gains as China eases currency policy - The Denver Post
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Here is your mid morning roundup for June 21
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Unusual Volume Alert:
Heli Electronics Corp. (OTCBB:HELI)
HELI did a lot of unusual volume this morning. The company saw over 45 million shares traded (40x its normal volume), for gains of 46%. Price is at $0.132
Heli Electronics Corp. (www.helielectronics.com) is traded under the symbol HELI on the OTCBB exchange and is based in Guangzhou, China. It is the primary marketing, promotion, logistics, and after-sales service agency of audio and visual (AV) products for Haier Group, a world leader in electronics and electrical appliances. Its products include speakers, multimedia stereo systems, and home theatres, among other types of AV products.
Latest News: Heli Electronics Corp. Provides Corporate Update
Volume:
Amico Games Corp. (OTCBB:AMCG)
AMCG also saw above average volumes this morning. AMCG saw 3.4 million shares traded, which is about 6x its last 10 day average. Price is at $0.11
Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing and operating mobile phone multiplayer networked games, today announces that the company has added a payment settlement system provided by 19Pay (www.19Pay.com), which has 300 million users in China.
Latest News: Amico Games Empowered by Web-Based Payment Settlement System
Have a great day trading,
Regards from the team at www.StockSource.us
Technology Focus
Apple iPhone 4 sets record sale pace despite gaffe
Apple (AAPL: Charts, News, Offers) shares rose nearly 3 percent on Wednesday after it announced sales of more than 600,000 iPhone 4s, a record for just a single day of pre-orders. That put the device on track to surpass sales of its previous iPhone models as well as its iPad tablet computer, and sounded a strong challenge to rivals like Nokia Corp (NOK: Charts, News, Offers), which warned of weaker-than-expected sales at its phones unit.
But Apple apologized on Wednesday for having to halt sales temporarily after the surprising volume of online interest overloaded order and approval systems and supplies ran out.
Apple’s website said Wednesday afternoon that products ordered then would be shipped by July 14, three weeks after the phone’s scheduled June 24 launch in stores and slower than the July 2 shipment promised earlier in the day. The site was still slow on Wednesday, making it unclear if orders were going through. (Source: Reuters)
Best Buy shoppers spend less than expected for qtr
Best Buy (BBY: Charts, News, Offers) shoppers spent less than expected this spring, contributing to a rocky first quarter for the chain and disappointing Wall Street, but executives said the weak results don’t mean Americans have less of an appetite for electronics.
The company’s profit edged up 1 percent but fell far short of what analysts were expecting. Best Buy stock tumbled 6 percent.
Company executives pointed out Tuesday that the first quarter makes up just 10 percent of Best Buy’s annual revenue and expressed confidence in Americans’ demand for products such as phones and computers. (Source: Google News)
Nokia Cuts Quarterly Outlook
Nokia Corp. (NOK: Charts, News, Offers) said Wednesday that its sales and profits will be lower than expected this quarter, the latest setback for the company as it struggles to compete in the premium smartphone segment against Apple Inc.’s (AAPL: Charts, News, Offers) iPhone and Research in Motion Ltd’s (RIMM: Charts, News, Offers) BlackBerry devices.
Nokia, the world’s leading mobile phone maker with about 40% of the market, attributed its reduced guidance to intensifying competition in the high-end market segment, a shift in its product mix toward devices with lower margins, and the recent depreciation of the euro.
But it is the company’s failure to deliver high-margin products to match the iPhone’s slick design and easy-to-use operating system that have cost it most dearly. That failure forced it to reorganize its business twice in recent months in a bid to regain the initiative, replacing a top handset executive and creating a business unit to focus solely on smartphones. (Source: Wall Street Journal)
AOL Sells Bebo to Criterion for Less Than $10 Million
AOL Inc. (AOL: Charts, News, Offers), the Internet company spun off from Time Warner Inc. (TWX: Charts,News, Offers), sold its Bebo social-networking service to Criterion Capital Partners LLC for less than 2 percent of what it paid for the site two years ago.
AOL, which paid $850 million for the site, got less than $10 million for it, said a person familiar with the matter, who declined to be identified since the price wasn’t made public. AOL said in a filing today it expects to record a tax benefit this quarter of $275 million to $325 million from the sale.
The New York-based Internet company said April 6 it was weighing a sale or shutdown of Bebo. AOL said it wasn’t in a position to fund a turnaround at Bebo after losing ground to bigger social-networking rivals Facebook Inc. and News Corp.’s (NWS: Charts, News, Offers) MySpace. The price AOL paid for Bebo included $766 million of goodwill, according to regulatory filings. (Source: BusinessWeek)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Apple (AAPL: Charts, News, Offers) shares rose nearly 3 percent on Wednesday after it announced sales of more than 600,000 iPhone 4s, a record for just a single day of pre-orders. That put the device on track to surpass sales of its previous iPhone models as well as its iPad tablet computer, and sounded a strong challenge to rivals like Nokia Corp (NOK: Charts, News, Offers), which warned of weaker-than-expected sales at its phones unit.
But Apple apologized on Wednesday for having to halt sales temporarily after the surprising volume of online interest overloaded order and approval systems and supplies ran out.
Apple’s website said Wednesday afternoon that products ordered then would be shipped by July 14, three weeks after the phone’s scheduled June 24 launch in stores and slower than the July 2 shipment promised earlier in the day. The site was still slow on Wednesday, making it unclear if orders were going through. (Source: Reuters)
Best Buy shoppers spend less than expected for qtr
Best Buy (BBY: Charts, News, Offers) shoppers spent less than expected this spring, contributing to a rocky first quarter for the chain and disappointing Wall Street, but executives said the weak results don’t mean Americans have less of an appetite for electronics.
The company’s profit edged up 1 percent but fell far short of what analysts were expecting. Best Buy stock tumbled 6 percent.
Company executives pointed out Tuesday that the first quarter makes up just 10 percent of Best Buy’s annual revenue and expressed confidence in Americans’ demand for products such as phones and computers. (Source: Google News)
Nokia Cuts Quarterly Outlook
Nokia Corp. (NOK: Charts, News, Offers) said Wednesday that its sales and profits will be lower than expected this quarter, the latest setback for the company as it struggles to compete in the premium smartphone segment against Apple Inc.’s (AAPL: Charts, News, Offers) iPhone and Research in Motion Ltd’s (RIMM: Charts, News, Offers) BlackBerry devices.
Nokia, the world’s leading mobile phone maker with about 40% of the market, attributed its reduced guidance to intensifying competition in the high-end market segment, a shift in its product mix toward devices with lower margins, and the recent depreciation of the euro.
But it is the company’s failure to deliver high-margin products to match the iPhone’s slick design and easy-to-use operating system that have cost it most dearly. That failure forced it to reorganize its business twice in recent months in a bid to regain the initiative, replacing a top handset executive and creating a business unit to focus solely on smartphones. (Source: Wall Street Journal)
AOL Sells Bebo to Criterion for Less Than $10 Million
AOL Inc. (AOL: Charts, News, Offers), the Internet company spun off from Time Warner Inc. (TWX: Charts,News, Offers), sold its Bebo social-networking service to Criterion Capital Partners LLC for less than 2 percent of what it paid for the site two years ago.
AOL, which paid $850 million for the site, got less than $10 million for it, said a person familiar with the matter, who declined to be identified since the price wasn’t made public. AOL said in a filing today it expects to record a tax benefit this quarter of $275 million to $325 million from the sale.
The New York-based Internet company said April 6 it was weighing a sale or shutdown of Bebo. AOL said it wasn’t in a position to fund a turnaround at Bebo after losing ground to bigger social-networking rivals Facebook Inc. and News Corp.’s (NWS: Charts, News, Offers) MySpace. The price AOL paid for Bebo included $766 million of goodwill, according to regulatory filings. (Source: BusinessWeek)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Saturday, 19 June 2010
Understand the fundamentals of online investing
When you invest your money in stocks for earning profits, you are inviting risks and uncertainty. Why to get into some risky environment by making some online brokerinvolved, in your dream of making high amounts ofprofit, who has certain personal interests. Finding the best online beast’s broker definitely needs a little sophistication and some numeral of time too. For sans peril situation traders or also traders, it is very hard-won to find the paramount online stock broker and may end up with beast’s brokers who squeeze the money extraneous of their clients. You attraction to be sensible further check a few things before you avail the services of the best onlinestock broker. Certain points are given here that you should keep in your mind and they can help you out in deciding for a great stock broker online.
You can take advice from your friends and can also look for thestock brokers on the internet. This step gives you a fair assent of the different online brokers that you can consider. You can also get help from the members of your faculty in case if you are some newbie and they will certainly find a way out for you. You can make asset of the full services offered by them to build your confidence deface and vie of trading. After you have the insight of the business and get enough confidence then you can go for the discount brokers.
Before completing you should ask for the money that you will be required to pay at the time your online invoice is opened. Some brokerages are there who have a minimum limit that is very high for the statement. Hence, try to find the discount brokers who negotiate not require atom minimum balance. You account is opened by the applicable brokerages without having any condition of the minimum balance.
First, do a good deal of research and halt on undiminish the services you expect from the broker? As the brokers that offer the lowest duty fall, you shouldn’t be like that. By spending some time the external services should be figured. It should be known that whether the services like elbowroom accounts and ETFs are provided or not.
The most important factor that can help you decide on an online broker is the performance of the broker’s website. Make sure that the website is loaded quickly and its capability should not affect your trading. You should also find out the level of customer service that they provide. Customer service level should be noticed by the amount of time the broker takes to get online. You finish enthusiasm to support gate the phone, just to speak to your broker.
You can certainly get help in finding the broker online from these tips.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
You can take advice from your friends and can also look for thestock brokers on the internet. This step gives you a fair assent of the different online brokers that you can consider. You can also get help from the members of your faculty in case if you are some newbie and they will certainly find a way out for you. You can make asset of the full services offered by them to build your confidence deface and vie of trading. After you have the insight of the business and get enough confidence then you can go for the discount brokers.
Before completing you should ask for the money that you will be required to pay at the time your online invoice is opened. Some brokerages are there who have a minimum limit that is very high for the statement. Hence, try to find the discount brokers who negotiate not require atom minimum balance. You account is opened by the applicable brokerages without having any condition of the minimum balance.
First, do a good deal of research and halt on undiminish the services you expect from the broker? As the brokers that offer the lowest duty fall, you shouldn’t be like that. By spending some time the external services should be figured. It should be known that whether the services like elbowroom accounts and ETFs are provided or not.
The most important factor that can help you decide on an online broker is the performance of the broker’s website. Make sure that the website is loaded quickly and its capability should not affect your trading. You should also find out the level of customer service that they provide. Customer service level should be noticed by the amount of time the broker takes to get online. You finish enthusiasm to support gate the phone, just to speak to your broker.
You can certainly get help in finding the broker online from these tips.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Friday, 18 June 2010
(OTCBB: DTRO) CEO Discusses Strategic Goals for 2010
The Following Is an Investment Opinion Being Issued by the IO News Wire
NEW YORK, NY--(Marketwire - June 18, 2010) - Deltron, Inc. (OTCBB: DTRO) announced earlier this week that their CEO was interviewed by SmallCapVoice.com to discuss the company's newest developments as well as direction of the company for 2010.
During the interview, CEO Henry Larrucea discusses the profitable history of both of Deltron's subsidiaries and the goals for boosting revenue through strategic acquisition. Mr. Larrucea further states that Deltron subsidiary Blu Vu, has entered into two separate letters of intent to allow their bail-out valves to be used in rebreathers.
Deltron could see improved revenues due to recent up-swings in the recreational markets and more companies focusing on going "green," both markets are primary areas of operation for both of Deltron's subsidiaries.
To listen to the entire interview visit, www.stocksource.us/interviews/dtro-june.html
For more information on Deltron, visit www.stocksource.us/focusstock/dtro
Other active stocks are Shot Spirits Corp (PINKSHEETS: SSPT) Stratton Holdings (PINKSHEETS: STHG) and Ecosphere Technologies (OTCBB: ESPH)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
NEW YORK, NY--(Marketwire - June 18, 2010) - Deltron, Inc. (OTCBB: DTRO) announced earlier this week that their CEO was interviewed by SmallCapVoice.com to discuss the company's newest developments as well as direction of the company for 2010.
During the interview, CEO Henry Larrucea discusses the profitable history of both of Deltron's subsidiaries and the goals for boosting revenue through strategic acquisition. Mr. Larrucea further states that Deltron subsidiary Blu Vu, has entered into two separate letters of intent to allow their bail-out valves to be used in rebreathers.
Deltron could see improved revenues due to recent up-swings in the recreational markets and more companies focusing on going "green," both markets are primary areas of operation for both of Deltron's subsidiaries.
To listen to the entire interview visit, www.stocksource.us/interviews/dtro-june.html
For more information on Deltron, visit www.stocksource.us/focusstock/dtro
Other active stocks are Shot Spirits Corp (PINKSHEETS: SSPT) Stratton Holdings (PINKSHEETS: STHG) and Ecosphere Technologies (OTCBB: ESPH)
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Thursday, 17 June 2010
Mid morning roundup
We bring you all the hottest news, tips and advice first, StockSource.us
Stocks to watch:
Gainer:
HALL OF FAME BEV INC (Public, PINK:HFBG)
HFBG continues with a good run that started on Monday. The company is seeing some of its losses being made back today, off a smallish volume of 72 million shares it is seeing gains of 57%. Price is at $0.0011
Hall of Fame Beverages, Inc. is a new lifestyle company dedicated to building long-term success through the creation, manufacture, distribution, and marketing of innovative non-alcoholic beverages recognized for their fresh, standout brand identities that rise above the plethora of average products.
Gainer on Volume:
SHOT SPIRITS CORP (PINK:SSPT)
SSPT is going strong today, with a solid volume of 225 million shares the company is seeing gains of 125%, to be sitting around $0.0027.
Shot Spirits Corporation has operations through its two wholly owned subsidiaries, Shot Spirits Corporation and GuestMetrics, Inc. Shot Spirits Corporation is a beverage company focused on products for the on premise and off premise market place
Latest News: GuestMetrics™ Partners With Major Credit Card Provider to Expand Data Application
Gainer on Volume:
IMPACT FUSION INTL INC (PINK:IFUS)
IFUS is seeing a trading volume of over 10x its 10 day average. The company is seeing 20% gains of a volume of 12.4 million shares, to see its price sitting around $0.0238
Impact Fusion International Inc. is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the company's mission to invent, develop and market these proprietary products worldwide for the health and well being of humans and animals.
Latest News: Impact Fusion International Retains National Autism Association to Assist in Marketing Program for Proprietary Product Intact Digest(TM)
Have a great day trading,
Regards from the team at,
StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Stocks to watch:
Gainer:
HALL OF FAME BEV INC (Public, PINK:HFBG)
HFBG continues with a good run that started on Monday. The company is seeing some of its losses being made back today, off a smallish volume of 72 million shares it is seeing gains of 57%. Price is at $0.0011
Hall of Fame Beverages, Inc. is a new lifestyle company dedicated to building long-term success through the creation, manufacture, distribution, and marketing of innovative non-alcoholic beverages recognized for their fresh, standout brand identities that rise above the plethora of average products.
Gainer on Volume:
SHOT SPIRITS CORP (PINK:SSPT)
SSPT is going strong today, with a solid volume of 225 million shares the company is seeing gains of 125%, to be sitting around $0.0027.
Shot Spirits Corporation has operations through its two wholly owned subsidiaries, Shot Spirits Corporation and GuestMetrics, Inc. Shot Spirits Corporation is a beverage company focused on products for the on premise and off premise market place
Latest News: GuestMetrics™ Partners With Major Credit Card Provider to Expand Data Application
Gainer on Volume:
IMPACT FUSION INTL INC (PINK:IFUS)
IFUS is seeing a trading volume of over 10x its 10 day average. The company is seeing 20% gains of a volume of 12.4 million shares, to see its price sitting around $0.0238
Impact Fusion International Inc. is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the company's mission to invent, develop and market these proprietary products worldwide for the health and well being of humans and animals.
Latest News: Impact Fusion International Retains National Autism Association to Assist in Marketing Program for Proprietary Product Intact Digest(TM)
Have a great day trading,
Regards from the team at,
StockSource.us
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Wednesday, 16 June 2010
News update - Deltron
Deltron’s Manufacturing Subsidiary Offers Proprietary Sustainable Soy-Based Polyurethanes that Meet Customer Requirements & Reduce Carbon Footprint
GARDEN GROVE, California – May 28, 2010 – Deltron, Inc. (OTCBB: DTRO) is pleased to announce that wholly owned manufacturing subsidiary Elasco, Inc. has developed proprietary polyurethane formulations made from renewable resources that significantly reduce the carbon footprint of manufactured products. Deltron’s Elasco offers polyurethane produced from renewable soybean oil as an alternative to conventional polyurethane made from petroleum-based chemicals. The company is finding a growing market for its green formulations.
Deltron’s wholly owned Elasco subsidiary is a profitable engineered plastics and polyurethane molding and manufacturing company. Elasco has been in business since 1979 and has a highly efficient production facility in Southern California. The company provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, custom casting, plastic injection molding and proprietary polymer mixing.
Leveraging 31 years of experience in polyurethane formulation for diverse industries, Elasco has developed sustainable, energy efficient polyurethane formulations made with renewable plant-based raw materials. The company combines polyols produced from pressed soybeans with isocyanate to create new polymers that meet customer specifications. Traditional polyurethane products are made entirely from petrochemicals. Soy-based polyol resins used in Elasco’s polyurethanes reduce related carbon emissions from the manufacturing process by 36%, require less energy to produce, use sustainable materials, are free of volatile organic compounds (VOCs), and reduce demand for and reliance on non-renewable petroleum reserves.
Henry Larrucea, Deltron CEO, commented: “Deltron is proud to be able to offer our customers environmentally friendly alternatives that have all the performance, versatility and durability of hydrocarbon-based polyurethane with significantly less environmental impact. Our team has been developing and selling polyurethane products containing soy-based polyols for two years. We are seeing increased demand for ‘greener’ products from customers, particularly those in the recreational products industry, and believe Deltron will be able to significantly expand sales in this arena.”
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned subsidiary Blu Vu is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional breathing systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster. Wholly owned Elasco is a proven innovator in product manufacturing with a 30-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect DTRO’s current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
Contact:
Deltron, Inc.
Investor Relations
info@dtro.com
www.dtro.com
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
GARDEN GROVE, California – May 28, 2010 – Deltron, Inc. (OTCBB: DTRO) is pleased to announce that wholly owned manufacturing subsidiary Elasco, Inc. has developed proprietary polyurethane formulations made from renewable resources that significantly reduce the carbon footprint of manufactured products. Deltron’s Elasco offers polyurethane produced from renewable soybean oil as an alternative to conventional polyurethane made from petroleum-based chemicals. The company is finding a growing market for its green formulations.
Deltron’s wholly owned Elasco subsidiary is a profitable engineered plastics and polyurethane molding and manufacturing company. Elasco has been in business since 1979 and has a highly efficient production facility in Southern California. The company provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, custom casting, plastic injection molding and proprietary polymer mixing.
Leveraging 31 years of experience in polyurethane formulation for diverse industries, Elasco has developed sustainable, energy efficient polyurethane formulations made with renewable plant-based raw materials. The company combines polyols produced from pressed soybeans with isocyanate to create new polymers that meet customer specifications. Traditional polyurethane products are made entirely from petrochemicals. Soy-based polyol resins used in Elasco’s polyurethanes reduce related carbon emissions from the manufacturing process by 36%, require less energy to produce, use sustainable materials, are free of volatile organic compounds (VOCs), and reduce demand for and reliance on non-renewable petroleum reserves.
Henry Larrucea, Deltron CEO, commented: “Deltron is proud to be able to offer our customers environmentally friendly alternatives that have all the performance, versatility and durability of hydrocarbon-based polyurethane with significantly less environmental impact. Our team has been developing and selling polyurethane products containing soy-based polyols for two years. We are seeing increased demand for ‘greener’ products from customers, particularly those in the recreational products industry, and believe Deltron will be able to significantly expand sales in this arena.”
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned subsidiary Blu Vu is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional breathing systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster. Wholly owned Elasco is a proven innovator in product manufacturing with a 30-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect DTRO’s current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
Contact:
Deltron, Inc.
Investor Relations
info@dtro.com
www.dtro.com
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Tuesday, 15 June 2010
Stocks see broad gains; Industrials lift market
NEW YORK – Industrial stocks pulled the market higher Tuesday after Boeing Co. and equipment maker Illinois Tool Works Inc. said they are seeing demand increase.
The Dow Jones industrial average rose about 130 points in midday trading. The Dow and other major stock indexes rose more than 1 percent.
At the same time, a gain in the euro and an advance in European stock markets signaled that traders around the world are less worried that debt problems will disrupt a global recovery.
The climb in U.S. stocks was broad, but industrials made some of the biggest advances. Boeing Co. rose 3 percent after increasing production for production of the 737 jet. Boeing said customers are adding to existing orders and placing new ones. Illinois Tool rose about 1.2 percent after it raised the lower end of its fiscal second-quarter earnings target.
"We're still seeing factories and manufacturing help provide a little stimulus for the economy here," said Michael Church, president at Addison Capital Group in Philadelphia.
Traders shrugged off a weaker-than-expected earnings report from electronics chain Best Buy Co. Its shares fell 6.7 percent.
Stocks drew strength from gains in European markets, which reversed early losses. The euro rose to $1.2319 in an indication that traders are more confident that European governments can slash debt without spoiling an economic rebound.
The drop in the dollar against the euro boosted commodities prices because they become more affordable for overseas buyers when the dollar falls. That, in turn, increases demand.
The initial drop in overseas stocks came a day after Moody's cut its rating on Greece's debt to "junk" status. Traders in the U.S. initially had little reaction to the report Monday afternoon, but a broad gain in stocks faded by the close. Major stock indexes ended mixed after the downgrade and after the Standard & Poor's 500index failed to push above its average close of the past 200 days. That's a key technical level watched by traders. Trading below that level is seen as a sign of weakness in the market.
The advance Tuesday extends the choppy trading that has become a fixture in the market since major stockindexes climbed to their 2010 peaks in late April. Stocks have been logging big swings since then, a sign that traders are uncertain about whether the economy will continue to recover.
In midday trading, the Dow rose 129.61, or 1.3 percent, to 10,320.50. The broader S&P 500 index rose 15.10, or 1.4 percent, to 1,104.73, and the Nasdaq composite index rose 39.72, or 1.8 percent, to 2,283.68.
Bond prices fell, pushing up interest rates. The yield on the benchmark 10-year Treasury note rose to 3.30 percent from 3.26 percent late Monday.
Crude oil rose 80 cents to $75.92 per barrel on the New York Mercantile Exchange.
Boeing climbed $1.93, or 3 percent, to $66.75, while Illinois Tool rose 53 cents, or 1.2 percent, to $46.18.
Best Buy's fiscal first-quarter net income and revenue fell short of analysts' expectations but the company reiterated its fiscal 2011 forecast. The report brought concerns that consumers will cut spending and hurt a U.S. recovery. Best Buy fell $2.69, or 6.7 percent, to $38.36.
Shares of BP PLC rose 93 cents, or 3 percent, to $31.60 after the credit ratings agency Fitch cut its rating on the oil company's debt. Fitch cited concerns about rising costs tied to the Gulf of Mexico oil spill that began April 20 when a rig operated by BP exploded.
BP shares fell 10 percent Monday after concerns grew about stepped-up political pressure in the U.S. to set aside money for costs related to the spill.
The Russell 2000 index of smaller companies rose 7.23, or 1.1 percent, to 659.50.
Four stocks rose for every one that fell on the New York Stock Exchange, where volume came to 391 million shares, compared with 411 million traded at the same point Monday.
Britain's FTSE 100 climbed 0.3 percent, Germany's DAX index rose 0.8 percent, and France's CAC-40 rose 1 percent. Japan's Nikkei stock average finished up 0.1 percent.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
The Dow Jones industrial average rose about 130 points in midday trading. The Dow and other major stock indexes rose more than 1 percent.
At the same time, a gain in the euro and an advance in European stock markets signaled that traders around the world are less worried that debt problems will disrupt a global recovery.
The climb in U.S. stocks was broad, but industrials made some of the biggest advances. Boeing Co. rose 3 percent after increasing production for production of the 737 jet. Boeing said customers are adding to existing orders and placing new ones. Illinois Tool rose about 1.2 percent after it raised the lower end of its fiscal second-quarter earnings target.
"We're still seeing factories and manufacturing help provide a little stimulus for the economy here," said Michael Church, president at Addison Capital Group in Philadelphia.
Traders shrugged off a weaker-than-expected earnings report from electronics chain Best Buy Co. Its shares fell 6.7 percent.
Stocks drew strength from gains in European markets, which reversed early losses. The euro rose to $1.2319 in an indication that traders are more confident that European governments can slash debt without spoiling an economic rebound.
The drop in the dollar against the euro boosted commodities prices because they become more affordable for overseas buyers when the dollar falls. That, in turn, increases demand.
The initial drop in overseas stocks came a day after Moody's cut its rating on Greece's debt to "junk" status. Traders in the U.S. initially had little reaction to the report Monday afternoon, but a broad gain in stocks faded by the close. Major stock indexes ended mixed after the downgrade and after the Standard & Poor's 500index failed to push above its average close of the past 200 days. That's a key technical level watched by traders. Trading below that level is seen as a sign of weakness in the market.
The advance Tuesday extends the choppy trading that has become a fixture in the market since major stockindexes climbed to their 2010 peaks in late April. Stocks have been logging big swings since then, a sign that traders are uncertain about whether the economy will continue to recover.
In midday trading, the Dow rose 129.61, or 1.3 percent, to 10,320.50. The broader S&P 500 index rose 15.10, or 1.4 percent, to 1,104.73, and the Nasdaq composite index rose 39.72, or 1.8 percent, to 2,283.68.
Bond prices fell, pushing up interest rates. The yield on the benchmark 10-year Treasury note rose to 3.30 percent from 3.26 percent late Monday.
Crude oil rose 80 cents to $75.92 per barrel on the New York Mercantile Exchange.
Boeing climbed $1.93, or 3 percent, to $66.75, while Illinois Tool rose 53 cents, or 1.2 percent, to $46.18.
Best Buy's fiscal first-quarter net income and revenue fell short of analysts' expectations but the company reiterated its fiscal 2011 forecast. The report brought concerns that consumers will cut spending and hurt a U.S. recovery. Best Buy fell $2.69, or 6.7 percent, to $38.36.
Shares of BP PLC rose 93 cents, or 3 percent, to $31.60 after the credit ratings agency Fitch cut its rating on the oil company's debt. Fitch cited concerns about rising costs tied to the Gulf of Mexico oil spill that began April 20 when a rig operated by BP exploded.
BP shares fell 10 percent Monday after concerns grew about stepped-up political pressure in the U.S. to set aside money for costs related to the spill.
The Russell 2000 index of smaller companies rose 7.23, or 1.1 percent, to 659.50.
Four stocks rose for every one that fell on the New York Stock Exchange, where volume came to 391 million shares, compared with 411 million traded at the same point Monday.
Britain's FTSE 100 climbed 0.3 percent, Germany's DAX index rose 0.8 percent, and France's CAC-40 rose 1 percent. Japan's Nikkei stock average finished up 0.1 percent.
Follow us on twitter: Penny_stock
StockSource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Sign up for our FREE newsletter HERE
Subscribe to:
Posts (Atom)