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China Medical Technologies initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Deutsche Bank initiate coverage of China Medical Technologies Inc (ticker: CMED) with a "buy" rating. [more]

RealD initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at William Blair & Co initiate coverage of RealD Inc (ticker: RLD) with an "outperform" rating. [more]

The Unsustainable College Textbook Bubble

I’ve been covering the “higher education bubble,” see posts here and here.  One reason for the still-inflating higher education bubble for college tuition and fees is administrative bloat, see CD post here.
A direct partner in the “higher education bubble” is the unsustainable “college textbook bubble,” captured graphically in the chart above.  To put the textbook bubble in perspective, consider that the unsustainable housing bubble started in the late 1990s when home prices … [visit site to read more]


Claymore To Launch 9 New Junk Bond ETFs

In an attempt to further broaden its arsenal of exchange traded funds [[ETFs]], Claymore Securities recently announced its plans to introduce nine target date high yield corporate bond ETFs with maturity dates ranging from 2012 to 2020. 
These junk bond ETFs are expected to replicate indexes which consist of high yield debt securities, maintain a target termination date and will gradually be converted to cash, with an ultimate distribution being made to shareholders at the maturity … [visit site to read more]


Daily Stock Market Outlook: Selling Triggered By More Worries Coming Out Of Europe

Instratrader Indicators:
Red Flag: We Expect Lower Prices Ahead
Daily Technical Sentiment Indicators: Neutral
Short Term Market Condition:  Overbought (short term bearish)
Short Term Trend: Up
Medium Term Trend: Down
Long Term Trend: Down
% of Stocks Above 200 Day Moving Average/Daily Change: 50.9%/ -9.9%
% of Stocks Above 50 Day Moving Average/Daily Change:    64.3%/ -12.5%
Major Market Update:
Market                            … [visit site to read more]


Obama To Unveil $350 Billion Stimulus Package To Restart US Economy

Faced with pre-election polls showing strong Republican support leading up to the mid-term elections in November, President Barack Obama is floating a $350 billion stimulus package designed to assuage the fears of troubled homeowners and create jobs.
In another move aimed at stabilizing a shaky economic recovery, the president today (Wednesday) will officially unveil a new $200 billion tax cut that gives businesses across the country incentives to buy new equipment, an anonymous … [visit site to read more]


British Pound Weakens Against The Swiss Franc

Hiyo FX peeps! Here’s a weekly chart of the GBPCHF pair.
As you can see, the pair has been trading sideways after hitting a low of 1.5118 back in December 29 back in 2008. Just recently, however, the Swiss franc was able to hurdle below the 1.5825 marker against the British pound. Given this price action, the next support that I see for the GBPCHF pair is the low that it marked in 2008 (1.5118). Hence, the pair could fall back to around the mentioned low unless it is able to climb … [visit site to read more]


Singapore Stock Market Update For Wednesday 08 September

Market trend downwards after Wall-street sell off. Opened low at 3015.93. Cautious trading is needed during this time period since market is very jittery.
News update :
1) HP sues ex-CEO Mark Hurd, alleging hiring by Oracle could breach confidentiality deal.
2) US stocks close down for first session in five on European fears; Dow down 107 points.
Analysts’ Recommendations :
1) Capitamalls Asia raised to overweight from Neutral by JPM (2010/09/08 07:34AM)
2) DJ Overseas Union Enterprise … [visit site to read more]


Stock Picks For Wednesday 8 September: Pfizer, YRC Worldwide Inc, Hemispherx BioPharma

( click to enlarge )
Pfizer (NYSE:PFE) – The stock is still trading in a range with resistance at $16.53 and support near $15.75. The stock closed today near the middle at $16.34. Looking at the technical chart all indicators are still favorable but have weakened a bit today. As long as the stock stays above $16, the trend appears bullish. Only a close below $15.75 would warrant a change in sentiment. A fall below its key support level could drag down it to $15.35.
( click to … [visit site to read more]


Kohl’s August Sales Rise

Departmental store operator Kohl’s Corporation (NYSE:KSS) reported a 4.5% hike in its comparable-store sales for the four-week month ended August 29, 2010, ahead of Street expectations of 2.6%.  Total revenue for the month rose 7.7% to $1.42 billion as compared with $1.32 billion in the year-ago period. The company expects the positive trend to continue for the rest of the year.
 
The robust performance in August was mainly driven by positive same store results experienced at all … [visit site to read more]


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