Latest Articles

US productivity jumps to 9.5% in Q-3

November 6, 2009

Productivity in the US non-farm-business sector grew at an annual rate of 9.5% in Q-3 Y 2009, the biggest quarterly gain in six years, the reported Thursday. The Q-3 reading for productivity, the amount of output per hour of work, was also better than the 6.4% gain that had estimated. Employers’ unit labor costs, or costs of wages and benefits for each unit of output, plunged at an annual rate of 5.2%. The US economy rose at a pace of 3.5% in Q-3 after four consecutive quarters of contraction, a strong signal that the worst recession since the Great Depression is over. Productivity is considered the Key ingredient needed for rising living standards because it allows companies to pay their workers more without having to raise the price of their products, which fuels inflation. Read more

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European Central Bank keeps Key rate at 1%

November 6, 2009

The ECB stays the course. “On the basis of its regular and analysis, the Governing Council decided to leave the key ECB interest rates unchanged, ” Jean-Claude Trichet, president of the ECB, said at a news conference. “The current rates remain appropriate,” Trichet said. “The incoming information and analysis that have become available since our meeting in early October have confirmed our expectations.” The annual inflation rate was -0.1 percent in October, according to Eurostat’s latest estimate, and it was expected to rise above zero again in the coming months, Trichet said. Medium to longer-term inflation expectations remain firmly anchored in line with the Governing Council’s aim of keeping inflation rates below, but close to 2% over the medium term. At the same time, the latest information continues to signal an improvement in activity in the second half of this year, Trichet said. The Governing Council expects the Euro area economy in 2010 to recover at a gradual pace, recognizing that the outlook remains subject to high uncertainty. The Governing Council also left interest rates on the marginal lending facility and the deposit facility unchanged at 1.75% and 0.25% respectively. Read more

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Sanyo receives tender offer from Panasonic

November 5, 2009

Electronics maker today launched a tender offer to acquire more than 50% in rival , aiming to make the company a subsidiary in a deal worth 400 billion yen (US$4.44B). decided to make an offer for last year, aiming to gain access to the electronic maker’s Green battery technology. develops solar-cell technology and batteries for hybrid cars. If the deal goes through, the new company will be Japan’s second-largest electronics maker, after Sony.

The offer is on the table until December 7, but with , Daiwa Securities and the Sumitomo-Mitsui group all signaling they will agree to sell their shares, is likely to see the deal go through. is willing to pay 131 yen per share, but was trading at 216 yen per share on Wednesday. After news of the tender offer broke, the value of single shares dropped to 192 yen. Read more

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US Fed holds Key interest rate near Zero

November 5, 2009

The US Federal Reserve said Wednesday that the US activity has continued to “pick up,” and decided to keep a Key interest rate unchanged at a record low of between Zero to 0.25% to “prop up” the economy. Information received recently suggested that “ activity has continued to pick up,” the US Fed said, noting that “ activity is likely to remain weak for a time.” In recent weeks, conditions in financial markets were roughly unchanged, but activity in the housing sector has increased over recent months, said the US Central Bank in a statement following its 2 day policy-making meeting in Washington. Meanwhile, household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales, according to the Federal Reserve. Read more

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GenVec Inc. (Nasdaq: GNVC) Shares Surge nearly 13% on Word of FDA Orphan Drug Designation

November 4, 2009

GenVec Inc. (Nasdaq: GNVC) today announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to TNFerade, GenVec’s newest and most promising anti-cancer drug for the treatment of pancreatic cancer.

The FDA grants orphan drug designation to drugs that could possibly provide a significant therapeutic advantage over existing treatments, and specifically target conditions affecting 200,000 or fewer U.S. patients per year. Orphan drug designation allows the development company potential financial and regulatory incentives including various favorable grants and credits such as, study design assistance, waiver of FDA user fees, tax credits, and up to seven years of market exclusivity, contingent upon marketing approval. Read more

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Warren Buffett buys out 2nd largest US Railroad

November 4, 2009

Savvy investor placed his biggest bet in history on Burlington Northern Santa Fe Corp, the 2nd largest US Railroad company on Tuesday. Mr. Buffett’s Berkshire Hathaway Inc. will pay US$100/shr in cash for the 78% of that it does not already own for a total of US$34B. The price is 31.5% premium on ’s closing price Monday. Including ’s US$10B debt that Berkshire has agreed to take, the value of the deal will top US$44B, the biggest acquisition ever for Berkshire. “It’s an all-in wager on the future of the United States. I love these bets,” Buffett said. The deal has already been approved by boards of both companies, and will be completed in Q-1 Y 2010. Read more

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Trader's Edge

Successful people share the same qualities and just because a man or a woman becomes a great athlete or great statesman does not always mean that he/she is also a good husband or father or a great trader.

The qualities that to me are the most important are; passion, discipline, focus, determination, a plan, patience, recognizing opportunity and acting on the opportunity, and giving back in some manner.

These qualities all contribute to and are likely to lead to success.

Remember you cannot trade well if you do not have a plan, fail to focus or try to force trades through impatience? Have you got what it takes?

Even if you know absolutely nothing about how to start making a living in the stock market, and want to learn how to do it, the first step is to learn from someone who knows how to do it successfully. The stock market is about success, and the lifestyle that comes with it, but it must be done carefully, both by picking the issues and in the trading of them, because one wants to make money doing it independently and without stress. A journey of a thousand miles begins with the first step (Confucius);

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Happy Trading, and remember that although Knowledge is Power, The rest is up to You! -Stock Preacher

Featured Contributor

Paul A. Ebeling, Jr

Paul A. Ebeling, Jr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices for the Stock Preacher. His report is a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world. Ebeling has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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