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Retail & Fashion Archive

Historic Day Bouncers

“Historic day” definitely refers to the global coordinated interest rate cut by the U.S., England, Europe, and China- the four most influential economies of our day.  I was joking on my Twitter feed how exciting it was that China joined the “Allied Forces.” Yeah, the rate cuts probably took the world a step back from the cliff of a worldwide deep recession, but the positive benefits of the cuts, if any, probably won’t be felt for months and months.  What mattered more for me today, and probably for those who monitor their investment accounts closely, it was just good to have a day where we weren’t in freefall.  Down 200 on the DOW is never a happy day, especially working off a DOW 9450 base rather than a DOW 13000.  Despite the last hour selloff, there was sustained buying for the later half of the day after the initial selloff.  That was encouraging. People weren’t just letting things free fall anymore.  A lot of stocks were actually up today- stocks that haven’t seen the (green) light of day for quite a while now.  Many of these have been blown back to levels of 2, 3, or more years ago where there was sustained buying interest, so maybe those acted as temporary support as well.

So, I grabbed a stock screen off of FinViz.com (the coolest free financial website) of the stocks that were up today.  These might indicate where some buying interest are, and where long term holders have felt the stocks have gotten back to prices where they’d buy them.  Also, a lot of these stocks were held by liquidating hedge funds and, at least for today, they’ve stopped liquidating.  Doesn’t mean they, or their copycat funds, won’t.  So there’ll likely be a lot of resistance (sellers selling into strength).  But after the bounce today and the sellers do their thing, if these levels can hold I’ll dip into a few of these.

About half the list the screen turned up were basic materials stocks (probably another interest rate cut = lower dollar = higher commodities).  A lot of the basic material stocks were the gold miners, f.y.i.

Screen: Market Cap Over $300mln, Relative Volume over 1.5x average

No. Ticker Company Sector Industry Country Market Cap P/E Price Change Volume
1 ABX Barrick Gold Corporation Basic Materials Gold Canada 31.13B 16.77 35.71 17.08% 29,922,500
2 AEM Agnico-Eagle Mines Ltd. Basic Materials Gold Canada 7.26B 63.14 50.51 12.97% 7,672,300
3 ANR Alpha Natural Resources Inc. Basic Materials Industrial Metals & Minerals USA 2.79B 24.01 39.62 10.79% 8,357,600
4 CAM Cameron International Corporation Basic Materials Oil & Gas Equipment & Services USA 6.21B 11.94 28.54 8.11% 11,076,900
5 AU AngloGold Ashanti Ltd. Basic Materials Gold South Africa 5.56B - 19.71 19.53% 3,736,000
6 AUY Yamana Gold, Inc. Basic Materials Gold Canada 5.25B 24.23 7.51 18.83% 34,883,100
7 CF CF Industries Holdings, Inc. Basic Materials Agricultural Chemicals USA 3.24B 4.91 57.31 11.52% 9,480,800
8 CNX CONSOL Energy Inc. Basic Materials Industrial Metals & Minerals USA 6.77B 38.49 36.95 11.26% 11,352,900
9 FCX Freeport-McMoRan Copper & Gold Inc. Basic Materials Copper USA 16.36B 5.45 42.60 10.11% 33,631,000
10 GBN Great Basin Gold Ltd. Basic Materials Nonmetallic Mineral Mining Canada 340.85M - 1.61 11.03% 1,624,300
11 GFI Gold Fields Ltd. Basic Materials Gold South Africa 5.84B 10.16 8.94 32.05% 14,869,400
12 GG Goldcorp Inc. Basic Materials Gold Canada 22.10B 45.62 31.02 19.72% 30,307,500
13 GOLD Randgold Resources Ltd. Basic Materials Gold Channel Islands 3.17B 74.29 41.60 22.79% 2,454,100
14 HMY Harmony Gold Mining Co. Ltd. Basic Materials Gold South Africa 4.29B - 10.66 34.77% 8,845,900
15 HSVLY HIGHVELD STEEL ADR Basic Materials Industrial Metals & Minerals South Africa 1.19B 8.65 12.02 9.57% 35,700
16 KGC Kinross Gold Corp. Basic Materials Gold Canada 9.97B 31.76 16.20 18.94% 19,087,400
17 KWK Quicksilver Resources Inc. Basic Materials Independent Oil & Gas USA 1.95B 3.96 12.29 8.76% 6,945,500
18 LIHR Lihir Gold Ltd. Basic Materials Gold Papua New Guinea 34.77B - 18.30 10.17% 1,753,200
19 MON Monsanto Co. Basic Materials Agricultural Chemicals USA 44.79B 23.88 81.44 9.79% 27,036,900
20 NEM Newmont Mining Corp. Basic Materials Gold USA 16.95B 533.29 37.33 14.83% 16,291,200
21 POT Potash Corp. of Saskatchewan, Inc. Basic Materials Agricultural Chemicals Canada 30.07B 15.60 98.60 13.52% 32,992,400
22 PXP Plains Exploration & Production Company Basic Materials Independent Oil & Gas USA 2.56B 5.24 23.75 9.45% 8,448,400
23 RGLD Royal Gold Inc. Basic Materials Gold USA 1.35B 59.30 39.73 16.00% 1,218,000
24 RRC Range Resources Corp. Basic Materials Independent Oil & Gas USA 4.75B 78.56 30.64 9.27% 8,418,600
25 SD SandRidge Energy, Inc. Basic Materials Oil & Gas Drilling & Exploration USA 2.31B - 13.97 11.40% 10,866,200
26 SSRI Silver Standard Resources Inc. Basic Materials Silver Canada 835.66M - 13.33 10.53% 1,579,300
27 WLT Walter Industries Inc. Basic Materials Industrial Metals & Minerals USA 2.02B 16.63 36.26 10.62% 5,429,000
28 XCO EXCO Resources Inc. Basic Materials Independent Oil & Gas USA 1.74B - 8.26 7.97% 8,203,600
29 SYT Syngenta AG Basic Materials Agricultural Chemicals Switzerland 17.06B 12.17 36.02 7.14% 2,604,100
30 SPW SPX Corporation Consumer Goods Appliances USA 2.61B 7.57 48.13 7.72% 4,776,500
31 FBN Furniture Brands International Inc. Consumer Goods Home Furnishings & Fixtures USA 459.11M - 9.41 8.41% 1,899,900
32 GGP General Growth Properties Inc. Financial REIT – Retail USA 1.45B 21.60 5.40 20.00% 17,753,200
33 CBL CBL & Associates Properties Inc. Financial REIT – Retail USA 717.03M 22.06 10.81 19.84% 4,246,600
34 AOC Aon Corporation Financial Accident & Health Insurance USA 11.78B 20.10 42.42 8.27% 5,080,100
35 STT State Street Corp. Financial Regional – Northeast Banks USA 18.82B 10.43 43.60 9.14% 14,257,900
36 SLG SL Green Realty Corp. Financial REIT – Retail USA 2.85B 21.24 49.07 8.25% 1,763,200
37 RBS Royal Bank of Scotland Group plc Financial Foreign Money Center Banks United Kingdom 18.54B - 1.85 24.16% 14,986,300
38 XIDE Exide Technologies Industrial Goods Industrial Electrical Equipment USA 384.13M 7.61 5.10 7.37% 3,115,100
39 FLS Flowserve Corp. Industrial Goods Diversified Machinery USA 3.66B 9.93 63.84 12.12% 3,258,400
40 MELI Mercadolibre, Inc. Services Business Services Argentina 853.91M 77.12 19.28 8.50% 1,748,800
41 IRM Iron Mountain Inc. Services Business Services USA 5.51B 37.44 27.33 11.37% 2,735,600
42 DISH Dish Network Corp. Services CATV Systems USA 8.19B 8.54 18.19 7.44% 7,346,700
43 YRCW YRC Worldwide Inc. Services Trucking USA 362.01M - 6.32 26.91% 7,084,900
44 SYNA Synaptics Inc. Technology Business Software & Services USA 801.19M 31.26 23.76 10.05% 2,927,800
45 RHT Red Hat Inc. Technology Application Software USA 2.80B 38.55 14.65 8.76% 3,889,700
46 NTCT NetScout Systems Inc. Technology Business Software & Services USA 376.22M - 9.60 21.21% 745,100
47 PCLN Priceline.com Inc. Technology Internet Service Providers USA 2.47B 14.43 63.51 10.74% 3,897,600
48 PEGA Pegasystems Inc. Technology Business Software & Services USA 398.94M 39.25 10.99 7.43% 178,600
49 WFR MEMC Electronic Materials Inc. Technology Semiconductor – Integrated Circuits USA 5.19B 8.07 22.99 11.12% 10,347,800
50 DASTY Dassault Systemes SA Technology Technical & System Software France 5.35B 19.01 45.25 8.93% 54,400
51 CLS Celestica Inc. Technology Printed Circuit Boards Canada 1.20B 10.92 5.24 8.94% 3,341,700
52 CNQR Concur Technologies, Inc. Technology Technical & System Software USA 1.56B 92.88 31.58 7.78% 1,970,100
53 ARBA Ariba Inc. Technology Internet Software & Services USA 942.45M - 10.96 8.51% 2,530,800
54 ATML Atmel Corp. Technology Semiconductor – Broad Line USA 1.84B 103.00 4.12 8.71% 7,950,700
55 CBR CIBER, Inc. Technology Information Technology Services USA 337.29M 11.26 5.63 7.85% 666,500
56 CEL Cellcom Israel Ltd. Technology Wireless Communications Israel 2.97B 10.86 30.40 7.61% 414,700
57 LDK LDK Solar Co.Ltd. Technology Diversified Electronics China 2.29B 8.49 21.48 11.18% 4,630,500
58 FORM FormFactor Inc. Technology Semiconductor – Broad Line USA 816.85M - 16.65 12.27% 1,462,600
59 BRKS Brooks Automation Inc. Technology Semiconductor Equipment & Materials USA 464.21M - 7.30 7.20% 1,201,400
60 AYE Allegheny Energy Inc. Utilities Electric Utilities USA 5.08B 9.90 30.10 8.63% 7,126,500

Please visit my stock research tools site, SuckingLess.com, for more resources like FinViz.com

**Disclosure: no positions in stocks mentioned.**

SuckingLess.com, My New Investor Research Site, Debuts!

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Jim Cramer has always said, its not “buy and hold” but “buy and homework.” Too many “investors” do not know what they own when they buy a stock, which is just reckless, but I don’t think its completely their fault. Most people don’t now how to do proper research, or have the background to understand how to do it. Even my friends who work at mutual funds often ask me where I get my info for the analysis I put on this site. This is why I started SuckingLess.coman investor research and education magazine/community.

SuckingLess.com is a collection of the best industry and company websites to learn about the companies you own. When you own a stock, you’re, in a sense, an owner in the company. So, you should at least understand the basics of the business or industry, which means you should probably read what someone who works in that industry would read. Still, this ISN’T you’re actual job and making it so would be too time consuming, so I’ve also tried to filter SuckingLess.com to have only the most relevant and easiest to understand websites.

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P.S. 90% of mutual funds underperform the markets…so sucking is not something to be ashamed of. We just have to suck less as we learn more.

Must be a Goldman research joke: Buy Puts on Industrials? Really!?

Wednesday’s Barron’s article “Other’s May Catch GE’s Industrial Disease” cites Goldman options strategists John Marshall and Stuart Kaiser recommending clients to buy puts on the Select Sector Industrial SPDR (XLI), a ETF that’s supposed to track the industrial sector. The recommendation was to buy XLI June 36 puts, which was trading around $1.10 while the XLI was trading at $37.37 at the time of the article. Marshall and Kaiser’s report cited the following reason (which I think is totally ridiculous):

“The GE earnings miss and guidance revision last week highlights how the increasingly weak macro environment can quickly sneak up on even the most diversified and well-run of industrials businesses,”

I would actually be buying calls in specific industrial names and have Honeywell (HON) and Union Pacific (UNP) calls on my book for the past 2 weeks.

My biggest problem with this recommendation is the XLI is about 18% GE (making the XLI basically a lite GE play), its kind of late to buy the puts AFTER GE took that dive from $37ish to$32ish! And why did GE take that big plunge? It sure wasn’t because GE is an industrial. It was because we found out GE was more of a financial than an industrial where GE’s financial unit took GE’s earnings per share down by 7 cents and negated any positives the industrial units were producing.

None of the other components in the XLI has any financial units like GE (hence they’re true industrials, unlike GE). After listening to GE’s call, one should actually be bullish on export industrials. Read the rest of this entry »

Recent Corporate News Vids

Stalling in Crosswinds

My thoughts are focusing on Japan’s GDP of 3.3 this early Monday morning. Some economists predicted a drop to 1.5 or below, with a upper limit of 3. A reading of 3.3 might spur another “yen carry trade” panic, though traders seem to have gotten more comfortable with their risks appetites with regards to the yen carry trade after the scare earlier in the year. However, I believe the potential damage caused by any unwinding of the yen carry trade would hurt more than the bond rates vs. Fed cutting rates scare we Read the rest of this entry »

Jeff’s Holiday Shopping Gift Set

Ok, so not the full stock analysis reports I mentioned I’ll be posting just yet. With the big runup of the stocks of retail companies recently (in anticipation of holiday shopping), I am a little uncomfortable recommending or mentioning any attractive retail stocks at the moment. However, read this article by MarketWatch on Black Friday shopping if you want to see how the retail sector did. I want to go back to Mastercard (MA) and Akamai (AKAM) as my holiday shopping plays. These are two of my favorite stocks that I own and have mentioned before on this site. Read the rest of this entry »

How Shopping and Fashion can Make You Rich

If you bought stocks of the stores you go to or brands you just have to have, you’d probably be much richer than you are now (even if you bought on sale or with a coupon). When a store or brand makes a lot of money, do they thank you with extra discounts? Probably not. Its the company and the stock holders who share pieces of the money pie, and it’s very delicious. Get this: I think shoppers and fashionistas have the perfect skills to make money in the stock market. It’s all about finding great deals and trends of what’s hot and what’s not, instincts that all great shoppers are born with. Read the rest of this entry »