October 31, 2012
Trading Sandy: The Calm After the Storm
 It has been over a decade since the market has faced an unscheduled shut down due to a major disaster. The destruction left in the wake of Hurricane Sandy has yet to be fully calculated, but will easily be considered one of the worst Americans have ever seen. As Wall Street returns from the two-day disruption, there will certainly be some early jitters that traders and investors will have to get through as the market catches up with the news, both in the U.S. and globally. We asked Toni Turner of TrendStar Trading Group for her thoughts on watching the market after Hurricane Sandy, and where she’s looking to get a pulse on what traders and investors are thinking. EQ: The market shut down on Monday and Tuesday because of Hurricane Sandy. What has been the impact of the shutdown (more)…
Exclusive Interview: John Mauldin on the U.S. Economy and the Fiscal Cliff
 For investors of any level, understanding the economic climate and directional trends of the market is critical to forming sound strategies. That’s why so many market watchers have followed John Mauldin’s insight into the macro economy so closely for many years. His very fittingly titled weekly newsletter, Thoughts from the Frontline, is one of the most referenced and recommended readings in the investment community with over one million subscribers. It was one of the first publications to provide investors with free, unbiased information and guidance. He is also a New York Times best-selling author with books such as Endgame: The End of the Debt Supercycle and How It Changes Everything, as well as Just One Thing: Twelve of the World’s Best Investors Reveal the One Strategy You Can’t Overlook. Part of Mauldin’s deep understanding of the market and current economic trends comes (more)…
PVH and Warnaco to Merge into $8 Billion Apparel Giant
 After two days of being shutdown in the wake of Hurricane Sandy pummeling the East Coast of the United States and up into Canada, Wall Street’s doors opened again on Wednesday. Earnings are in focus with a raft of companies providing generally upbeat financials and PVH Corp. (PVH) and Warnaco Group, Inc. (WRC) jointly announcing the first big acquisition news since the re-opening. The two New York-based fashion companies said Wednesday morning that PVH will acquire fellow apparel maker Warnaco in a deal valued at $2.9 billion. PVH, whose portfolio contains Calvin Klein, Izod, Arrow and Tommy Hilfiger brands, offered to pay $51.75 in cash and 0.18 of a PVH share for each share of WRC; equating to a value of $68.43 for each share of WRC held by stakeholders. This represents a 34 percent premium to Warnaco shares’ closing (more)…
Garmin Tops Expectations on Greater Demand for Outdoor Products
 Garmin Ltd. (GRMN) proved that it’s not just for autos anymore as third-quarter profit rose by 6.7 percent to $140.3 million from $137.6 million in the same quarter last year, in part on the back of increased demand for products it gadgets. Total revenue increased modestly to $672 million in the third quarter from $667 million in the year ago quarter. Earnings per share slid from 77 cents per share in the third quarter of 2011 to 72 cents per share in the latest quarter as a result of more shares outstanding now. As with many other international companies, sales were impacted by unfavorable currency exchange rates. Eliminating the forex component, earnings would have tallied 74 cents per share this year as compared to 71 cents per share in the year prior quarter. Analysts were calling-for revenue of $661 million (more)…
Analyzing the Impact of the ICD-10 on the Healthcare Industry
 The deadline for the new implementation of the ICD-10 codes in the United States is October 2013 but the question remains to be asked, “How many healthcare organizations will be ready?” ICD-10 is the 10th version of the International Classification of Diseases (ICD), which purpose is to act as a tracking tool, providing information about diseases, symptoms, social circumstances, cause of injury or disease, and so forth. The newest version of this classification will contain thousands of new categories that will help health departments from around the world compare data. Training All ICD-10 Staff The new ICD-10 introduces thousands of new codes and is going to require every person involved in healthcare to go through training to learn them. For example, the current ICD-9 contains about 13,000 diagnosis codes but that number will jump to 68,000 codes with ICD-10. The (more)…
Stock Market: Trick or Treat?
 After major storms, the market tends to trade on lower volume, however today is the last day of the month and the last day of the fiscal year for 21% of the nation’s open-end mutual funds. With trading shut down for four straight days, that means these funds and other institutions will have to make month-end and year-end tax and performance decisions today, so volume could be above the daily average of 6.5 billion shares* There are losing positions these funds don’t want to show in their annual report, but also potential winners they do want to show !! TODAY: Stock-index futures indicate a positive open. Resistance starts at DJIA 13,247 (S&P 500: 1426). Minor support is DJIA 13,065 (S&P 500: 1406) Key support is DJIA 13,040 (S&P 500: 1403) A break below those levels calls for a break below (more)…
Foreign Funds Help Spark China Stocks’ Rebound
 Whether you call it a correction or a consolidation, the pause in China Stocks’ October rally didn’t last long as the inflow of foreign funds sparked a solid rise Wednesday. Hong Kong’s blue-chip Hang Seng Index rebounded from a three-day slide by rising 1.0% to 21,642. The index had climbed 10-straight trading days before last Friday. The index of Chinese companies, which began its consolidation earlier last week, increased 1.2% to 10,582. Turnover was modest, but the Hong Kong Monetary Authority’s release of HK$2.7 billion into the market indicated foreign funds were coming in and putting upward pressure on the Hong Kong dollar. The recent brief downturn was a consolidation, not a correction, according to Peter So, managing director and co-head of research at CCB International. High-beta stocks like Chinese properties and the Hong Kong Exchanges and Clearing Ltd (0388, (more)…
October 30, 2012
Stocks Under $10: Retail-Wholesale, Apparel, Shoes and Drug Stores
 At www.ValuEngine.com we show that the Retail-Wholesale sector is 10.9% overvalued with the Retail-Apparel / Shoes industry 0.9% undervalued. All seven stocks in today’s table have complete ValuEngine data and enough data to have most value levels, risky levels and pivots. Bebe Stores, Inc. (BEBE) – has been below $10 since the week of May 7, 2010. BioScrip Inc. (BIOS) – has been below $10 for at least the past five years. Casual Male Retail Group, Inc. (CMRG) – has been below $10 since the week of October 5, 2007. H&M Hennes & Mauritz AB (HNNMY) – has been below $10 for at least the past five years. China Nepstar Chain Drugstore Ltd. (NPD) – has been below $10 since the week of July 4, 2008. Stein Mart Inc. (SMRT) – has been below $10 since the week of July 29, 2011. Tandy Leather Factory, (more)…
Fisher Investments Disclaimer
PLEASE READ THIS WARNING : Investment in securities involves the risk of loss. Past performance is no guarantee of future returns. FI is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for the purchase or sale of particular securities. Market conditions and liquidity constraints may make it difficult to execute certain trades and FI will attempt to do so on a best efforts basis. Warning: For your own protection, avoid sending identifying information such as social security or account numbers to us or others via email. Do not send time-sensitive, action-oriented messages, such as transaction requests, via e-mail as it is our policy not to accept such items electronically. All e-mail sent to or from this address will be received or otherwise recorded by the Fisher Investments corporate e-mail (more)…
US Stock Futures Flat as Wall Street Stays Shuttered
 As cash equity indices remained closed on Tuesday, electronic trading of U.S. stock futures closed flat this morning. Superstorm Sandy forced Wall Street to sandbag its doors in the first two-day weather-related shutdown in 124 years that flooded lower Manhattan and New Jersey, leaving millions without electricity and the subway operations suspended. Dow Jones futures advanced a modest 8 points, less than 0.1 percent, and S&P 500 futures for December expiration rose 0.2 percent from Friday’s closing price. On Monday, Dow futures had fallen 69 points while the S&P 500 futures slid 4.9 points lower. Notably, shares of Apple, Inc. (AAPL) declined by 0.4 percent in German trading after news that Apple Chief Executive Tim Cook fired mobile software head Scott Forstall and retail chief John Browett. Forstall oversaw Apple efforts such as Siri and Maps that were met with (more)…
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