"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, May 17, 2011

Stock Tips & News

The Daily Crux
This chart says it could be a brutal summer for tech stocks
"Many investors are getting an uncomfortable sense of deja vu..." 

Top Goldman economist: The next recession is "years away"
A surprisingly bullish take on the economy, jobs, and commodities...

Why natural gas is the future of American energy
"Set to do for the United States what North Sea oil has done for Britain and Norway..."




Dell raises fiscal year operating income outlook May 17, 2011 04:23 PM ET NEW YORK (Reuters) - Dell Inc reported revenue that was slightly lower than Wall Street expectations but the No. 2 PC maker raised its outlook for operating income for fiscal 2012. | Full Article
Economic data suggests soft patch continues May 17, 2011 03:17 PM ET WASHINGTON (Reuters) - U.S. factory output slipped for the first time in 10 months in April as a shortage of parts from Japan crimped activity and home building slumped, showing the economy got off to a weak start in the second quarter. | Full Article
Wall Street hit by economic blues; traders eye bounce NEW YORK (Reuters) - The Dow and the S&P 500 fell for a third day on Tuesday after disappointing figures from Wal-Mart and Hewlett-Packard, although a late rebound suggested investors may be looking for a short-term bounce. | Full Article




Profit Rises at Wal-Mart, but U.S. Sales Languish

By STEPHANIE CLIFFORD
An increase in grocery sales failed to revive merchandise sales, and same-store sales in the United States fell for an eighth straight quarter.


LinkedIn Rockets to $4 Billion Valuation

By EVELYN M. RUSLI
LinkedIn is poised to make its closely watched stock market debut on Thursday. Who's next among the social media darlings?


Battered Dollar's Decline May Be Starting to Reverse

By LANDON THOMAS Jr.
For the better part of the past decade, and particularly in the past few months, the dollar has been the weakling of the foreign exchange world. That may be starting to change.
Top News




By Business Wire 05/17/11 - 10:58 AM EDT PECO has filed its quarterly electric commodity adjustment request with the Pennsylvania Public Utility Commission (PUC). This change affects only the cost ..


Entertainment News from AP By AP NEW YORK (AP) - Oil prices are falling after factory production and new home construction declined in the US last month. Benchmark oil for June delivery fell 67 ...


US stocks traded lower Tuesday as the Dow Jones Industrial Average fell 51 points to 12497, the Standard & Poor's 500 slipped 1 point to 1329 and the Nasdaq Composite traded down 4.6 points to ...

The Daily Crux
Top manager Hussman: There is "no chance" this is a real bull market
Investors buying today will "ensure themselves maximum damage"...

Top gold analyst Doody reveals some of his favorite mining stocks
Also explains his two key strategies for investing in the gold sector... 

Three reasons $100 oil could be here to stay
"These supply/demand dynamics support historically high prices..."

A huge buying opportunity could be setting up in these food commodities
"Prices for corn, wheat, and soybeans should be going through the roof right now..."

Forget gold and silver... It could be a fantastic time to buy another precious metal
This analysis suggests it could surge in price in the next few weeks... 

Morning Market Briefing


After moving mostly lower in the previous session, stocks could see some further downside in early trading on Tuesday. The major index futures are currently indicating a modestly lower open for the markets, with the Dow futures down by 29 points. (May 17, 2011) Full Article
Economic sentiment in Germany weakened for the third consecutive month in May on expectations that any further improvement in activity is unlikely amid rising inflationary pressures. The Mannheim-based ZEW Centre for European Economic Research announced Tuesday that its economic sentiment index for Germany dropped to 3.1 from 7.6 in April. The reading was weaker than economists' forecast of 4.5. (May 17, 2011) Full Article
A reporfiling of Greek debt is possible by asking the private creditors to extend the maturities on their bonds, Euro-group chairman Jean-Claude Juncker said Monday, while indicating that such a move will come only if the debt-ridden country unveils fresh measures to meet its deficit goals. (May 17, 2011) Full Article
Inflation in the U.K. rose to its highest levels in thirty months in April, led by higher travel costs during the Easter holidays. Central bank governor Mervyn King expects the rate to pick up further in the next few months with increase in energy prices, taking petrol prices even higher. (May 17, 2011) Full Article
Economics and Statistics Administration Logo
Building permits in April 2011 were 551,000, down 4.0% from the March revised rate and 12.8% below the revised April 2010 estimate. Housing starts in April 2011 were 523,000, 10.6% below the revised March estimate and 23.9% below the revised April 2010 rate.






Wal-Mart tops view; key sales down 1.1 percent May 17, 2011 07:39 AM ET CHICAGO (Reuters) - Wal-Mart Stores Inc posted a bigger-than-expected jump in quarterly profit on Tuesday, as strength overseas mitigated the continued pressure it felt in its U.S. discount stores, where sales open at least a year fell for the eighth straight quarter. | Full Article
HP cuts full year outlook on Japan woes May 17, 2011 07:57 AM ET NEW YORK (Reuters) - Hewlett-Packard Co cut its full-year outlook, hurt by the impact of Japan's earthquake and weak sales of consumer PCs. | Full Article
New York AG probes banks over mortgage securities: report May 17, 2011 07:45 AM ET (Reuters) - New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp , Morgan Stanley and Goldman Sachs related to packaging of toxic mortgage loans into securities, the Wall Street Journal reported, citing sources. | Full Article
The Washington Post
IMF head denied bail
Dominique Strauss-Kahn made his first court appearance after being charged with attempting to rape a housekeeper at a hotel in midtown Manhattan.
(By Howard Schneider and Zachary A. Goldfarb) 

What Happens When It’s Google/Android Vs. Amazon/Android?

( by TechCrunch.com , TechCrunch.com) 
Europe debt woes, falling oil prices and Wall Street drop weigh on world shares
BANGKOK — Renewed concerns about Europe’s debt, falling oil prices and U.S. technology company troubles weighed on world stock markets Tuesday.
( Associated Press Associated Press , AP)
UK consumer prices inflation rises to 4.5 pct in April from 4 pct in March
LONDON — Official data shows that consumer prices in Britain were 4.5 percent higher in April than a year earlier, as inflation accelerated again after surprising dropping to 4 percent in March.
( Associated Press Associated Press , AP)

A Once-Tight Flock at Goldman, Now Scattered

By SUSANNE CRAIG
As its original partners leave, the elite at Goldman Sachs hold less control over the firm, giving way to the demands of outside shareholders. And the partners' power base may soon erode further.
 

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