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Market News

Location American Market News for 23 May 2013

Grab FPO Even Cheaper Than Its Secondary?

Forbes - 23 May 2013 16:08
Grab FPO Even Cheaper Than Its Secondary? Looking back to 2 days ago, First Potomac Realty Trust (NYSE: FPO) priced a 6,500,000 share secondary stock offering at $14.70 per share. Buyers in that offering made a considerable investment into the company, expecting...
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Sears Seeks Options To Stay Alfoat After Dreary Q1 Loss Sears Holdings, the struggling retail chain controlled by a reclusive hedge fund manager, continued to see fewer customers enter its stores and unable to distance itself from speculation that is slowly approach an eventu...
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Lessons for Euro From Two Revolutions

Wall Street Journal - 23 May 2013 21:42
Europe overturned the convention of history when, unlike the U.S. or Germany before it, it created monetary union before political union. Now it is paying the price.
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Top Buys by Directors: Kurland's $995.3K Bet on PMT The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to tak...
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Daily Wrap: May 23, 2013

Forbes - 23 May 2013 20:55
The markets recovered some of their losses in the afternoon, despite continued uncertainty over the Federal Reserve's decision on when to pull back on monetary stimulus.
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See How Argo Group International Holdings Ranks Among Analysts' Top Picks With Strong Buyback Activity A study of analyst recommendations at the major brokerages shows that Argo Group International Holdings Ltd (NASD: AGII) is the #30 broker analyst pick among those stocks screened by The Online Investor for strong stock ...
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Canadian Oil Sands Strong Dividend History Helps Get It To The Top 25 Canadian Oil Sands Ltd. (Toronto: COS) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, COS shares disp...
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Supertel Hospitality Series A Convertible Preferred Stock Crosses Above 8% Yield Territory In trading on Thursday, shares of Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock (NASD: SPPRP) were yielding above the 8% mark based on its monthly dividend (annualized to $0.80), with shares changing...
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CommonWealth REIT's Series E Cumulative Redeemable Preferred Shares Cross 7% Yield Mark In trading on Thursday, shares of CommonWealth REIT's 7 1/4% Series E Cumulative Redeemable Preferred Shares (NYSE: CWH.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with s...
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Commit To Purchase Caesars Entertainment Corp At $2.50, Earn 24% Investors considering a purchase of Caesars Entertainment Corp (NASD: CZR) shares, but tentative about paying the going market price of $14.64/share, might benefit from considering selling puts among the alternative stra...
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Commit To Buy InterMune At $5, Earn 44.6%

Forbes - 23 May 2013 20:15
Commit To Buy InterMune At $5, Earn 44.6% Investors considering a purchase of InterMune Inc. (NASD: ITMN) shares, but tentative about paying the going market price of $9.99/share, might benefit from considering selling puts among the alternative strategies at th...
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Commit To Buy LyondellBasell Industries At $50, Earn 10.4% Investors eyeing a purchase of LyondellBasell Industries NV (NYSE: LYB) shares, but tentative about paying the going market price of $65.98/share, might benefit from considering selling puts among the alternative strateg...
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(Kitco News) - Comex gold futures prices ended the U.S. day session sharply higher Thursday. The "risk-off" trader attitudes in world the market place Thursday prompted good safe-haven demand--something the yellow metal ...
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Agree To Buy Goodyear Tire & Rubber At $10, Earn 8.5% Investors eyeing a purchase of Goodyear Tire & Rubber Co. (NASD: GT) shares, but tentative about paying the going market price of $14.49/share, might benefit from considering selling puts among the alternative strategies...
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Commit Purchase F5 Networks At $55, Earn 9%

Forbes - 23 May 2013 20:06
Commit Purchase F5 Networks At $55, Earn 9% Investors eyeing a purchase of F5 Networks, Inc. (NASD: FFIV) stock, but cautious about paying the going market price of $81.40/share, might benefit from considering selling puts among the alternative strategies at their...
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Agree To Buy LSI Corp At $5, Earn 10%

Forbes - 23 May 2013 20:05
Agree To Buy LSI Corp At $5, Earn 10% Investors eyeing a purchase of LSI Corp (NASD: LSI) stock, but cautious about paying the going market price of $7.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. ...
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Agree To Buy Regeneron Pharmaceuticals At $165, Earn 9.8% Investors eyeing a purchase of Regeneron Pharmaceuticals, Inc. (NASD: REGN) shares, but tentative about paying the going market price of $256.05/share, might benefit from considering selling puts among the alternative st...
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Mercedes duo master Monaco practice

CNN - 23 May 2013 19:38
Mercedes are ready for a "true test" in the Monaco Grand Prix after Nico Rosberg set the fastest practice time, closely followed by teammate lewis Hamilton.
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Nokia Needs New Lumias To Spur U.S. Windows Phone Adoption With the newly released Lumia 928 and 925, Nokia will finally have a wider U.S. presence for its flagship Windows Phones. The Finnish handset maker made two important announcements this month, launching the Lumia 928 on ...
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The Art Of Dividends

Forbes - 23 May 2013 18:19
The Art Of Dividends My mentor Al Frank referred often to the Miracle of Compounding as one does not have to earn an exorbitant annual return for money to grow handsomely over the long-term.
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Three Reasons To Avoid Panic Selling

Forbes - 23 May 2013 17:42
Three Reasons To Avoid Panic Selling Wednesday was one of the widest ranging days since the middle of April with a 277 point range in the Dow Industrials and 41 points in the S&P 500. The overnight selling in Asia was exacerbated by a drop in preliminary re...
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Finding Income In A Zero Rate Environment

Forbes - 23 May 2013 17:36
Finding Income In A Zero Rate Environment Closed-end funds offer diversification and regular income for those who are yield-starved.
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