The Top Penny Stocks newsletter for active penny stocks investors looking for penny stocks and pink sheet stocks
Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Category : World News
Yen bears have plenty of reasons on their side (the latest), but contrary opinion isn’t one of them. Net short positions on the yen – as reported by the CFTC – have spiked to multiyear highs in the past few weeks. Reuters provides an outstanding interactive graph of trader positioning in the major currencies over time. FXY -7% YTD. 
1 comment!
Category : Stocks, World News
The new owners of the DJIA are considering changes to the way the iconic index is calculated in order to be able to include [[take a guess]] without it holding too much sway on the price-weighted gauge. “Most institutional investors have moved on from the index,” says UBS’ Mark Haefele. YTD, the (Apple-free) DJIA +11.6% vs. the S&P 500 +16.1%. 12 comments!
Go here to see the original: The new owners of the DJIA are considering changes to the way the iconic index is calculated in order to be able to include [[take a guess]] without it holding too much sway on the price-weighted gauge. “Most institutional investors have moved on…
Category : Stocks, World News
While the ever-rising DJIA is up ~11% this year and hovers not far off five-year highs, the Dow Transports dropped 5.9% this week, hitting its lowest level since June and down 2.2% YTD. “This is a major divergence that should not be ignored,” Peter Boockvar says. “It tells me the risks of being in the market at these levels are growing.” 2 comments!
Category : Stocks, World News
More on Berkshire’s Q2: Revenue totaled $38.5B (+1% Y/Y). Insurance businesses produced operating earnings of $1.69B, +71% Y/Y. Non-insurance businesses had op. earnings of $2.2B (+22%), and “Other” had a $167M loss. Book value reached $107.4K per A share, up 7.5% YTD. Insurance float was $71.1B. Railroad, Utilities, and Energy had revenue of $7.81B (+5% Y/Y). (PR) (10-Q) Post your comment!
Category : Stocks, World News
ChipMOS Technologies (IMOS +5.9%) outperforms following a Digitimes column suggesting the company will see its Q2 sales rise due to strong smartphone demand, which is boosting sales of the LCD driver chips packaged and tested by ChipMOS, which is now up 178% YTD, previously forecast it would see 10% revenue growth in 2012, following a difficult 2H11. Post your comment!
Category : Stocks, World News
Pandora (P) shares -0.8% at $9.97 after earlier equaling their YTD low of $9.62 following a Baclays report in which the company was initiated at underweight and given a price target of $8. The report, which cited increasing content costs, overshadowed data showing that active listeners jumped 59% Y/Y to 51M in March. Post your comment!
Category : Stocks
NEW YORK (TheStreet) — Shares of the following stocks hit 52-week highs on Friday: Philip Morris International, Kimberly-Clark and Family Dollar.
Philip Morris International
“While we must admit that we are surprised by the outperformance of PMI year-to-date (YTD) versus the overall group following its strength in 2011, we believe the momentum should continue for the year,” Davenport analysts wrote in a March 26 report. “The overall tobacco group has underperformed the S&P 500 Index YTD, but PMI has clearly outperformed the tobacco group. We are raising our rating to a Buy and initiating our 12 month price target of $100, based on our new 2013 EPS of $5.90. We focus on three key reasons: consistency, a relatively benign tax environment and attractive yield.”
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Click to view a price quote on PM.
Click to research the Tobacco industry.Read more here: PM, KMB, FDO Hit 52-Week Highs
Category : Stocks
Another nugget from Sears Holdings’ (SHLD) 10-K filing: The company’s pension plan returned a paltry 1% in 2011, which led to a massive underfunding based on the assumption it would return 7.5%. According to estimates from Paulo Santos, this puts cash needs at a “whopping” $1.05B and $1.43B over the next 3 years. But somewhat typical with Sears, the worse the news seemingly sounds – the higher shares go. SHLD +1.3% for the day, +166% YTD. 2 comments!
Category : World News
SEATTLE, WA–(Marketwire – Mar 1, 2012) – The Russell Thailand Index returned +19.4% YTD as of February 29th, an about face from its 2011 annual return of (-4.7%).
Continue reading here: Russell Indexes: The Russell Thailand Index Returned +19.4% YTD as of Feb 29, Outperforming the Russell Asia Pacific Index and the Russell Japan Index
Category : Stocks, World News
Junk bonds are off to such a good start in 2012 – up 3.9% YTD – that it’s time to ask whether they’re due for a fall. But junk still yields 7.3% on average, according to one index, so to buy or not to buy? Barclays thinks the market is getting too rich: