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Market News

Location American Market News for 8 July 2013
Technical Trading: Rising Daily Gold Momentum Gives Bulls The Edge (Kitco News) - Comex August gold futures climbed higher in overnight action, supported by modest weakness in the dollar. The markets are correcting from Friday's big moves. Daily momentum turned supportive for the August...
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Hedge Fund Lauches Plan B In Bid To Profit From Fannie And Freddie In recent months big and powerful hedge funds have descended on Washington, lobbying for Congress to revive Fannie Mae and Freddie Mac, the government-sponsored enterprises that have been operating out of conservatorship...
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India's gold import headache to resume after June plunge Indians snapped up a record 162 tonnes of gold in May, prompting a hike in import duty to 8%
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Thomson Reuters to suspend early data release amid probe NY authorities probing if early release of Thomson Reuters' consumer sentiment index is a violation of state securities laws
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Cyprus Urges Quick End to Bank Revamp

Wall Street Journal - 8 Jul 2013 23:40
Cyprus's central bank must complete the process of radically restructuring the country's biggest lender, Bank of Cyprus, by early August at the latest, Cypriot finance minister Harris Georgiades said.
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India stocks escape rout in emerging markets

livemint.com - 8 Jul 2013 22:11
India stocks escape rout in emerging markets Report says India still remains the primary recipient of FII flows; investors warn of domestic problems
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The weight of a sinking rupee

livemint.com - 8 Jul 2013 21:52
The weight of a sinking rupee Rupee tumbled past the 61 to the dollar level on Monday as the US currency strengthened against major global currencies
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OECD leading indicators for India show tentative improvement in May OECD says that composite leading indicators show growth is firming in the US, the Euro Area and Japan
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(Kitco News) - Platinum group metals are sharply higher Monday after a strike against the world's largest producer, and analysts see further gains down the road as South African labor issues continue to simmer and the gl...
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Key 3rd-Quarter Pivot Levels

Forbes - 8 Jul 2013 19:17
Key 3rd-Quarter Pivot Levels Stocks celebrated the 4th of July with some low-volume fireworks of their own. The minor mid-week correction does look like a dip that should have been bought even though just the initial support levels were tested. Asia...
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Optimism surrounds Fastenal, as it gets ready to report its second quarter results on Wednesday, July 10, 2013. Analysts are expecting the company to book a profit of 41 cents a share, up from 38 cents a year ago.
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Wall Street is expecting lower profit for Family Dollar Stores when the company reports its third quarter results on Wednesday, July 10, 2013. Analysts are expecting earnings per share of $1.03 after the company booked a...
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Miss Isis Pharmaceuticals' $19 Offering But Think It's A Deal At $17? Looking back to 61 days ago, Isis Pharmaceuticals, Inc. (NASD: ISIS) priced a 9,000,000 share secondary stock offering at $19.00 per share. Buyers in that offering made a considerable investment into the company, expecti...
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YieldBoost AAR Corp From 1.3% To 12.7%

Forbes - 8 Jul 2013 17:42
YieldBoost AAR Corp From 1.3% To 12.7% Shareholders of AAR Corp (NYSE: AIR) looking to boost their income beyond the stock's 1.3% annualized dividend yield can sell the November covered call at the $25 strike and collect the premium based on the 95 cents bid,...
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YieldBoost Thor Industries From 1.4% To 12.7% Shareholders of Thor Industries, Inc. (NYSE: THO) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the December covered call at the $55 strike and collect the premium based on the ...
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Commit To Purchase Pinnacle Entertainment At $18, Earn 12.8% Annualized Investors considering a purchase of Pinnacle Entertainment Inc (NYSE: PNK) stock, but cautious about paying the going market price of $20.50/share, might benefit from considering selling puts among the alternative strate...
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How To YieldBoost Black Box Corp. To 15.9%

Forbes - 8 Jul 2013 17:40
How To YieldBoost Black Box Corp. To 15.9% Shareholders of Black Box Corp. (NASD: BBOX) looking to boost their income beyond the stock's 1.3% annualized dividend yield can sell the December covered call at the $30 strike and collect the premium based on the $1.85...
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Commit To Purchase Equinix At $150, Earn 9.5% Investors considering a purchase of Equinix Inc (NASD: EQIX) stock, but tentative about paying the going market price of $185.87/share, might benefit from considering selling puts among the alternative strategies at thei...
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Commit To Buy Cubist Pharmaceuticals At $47, Earn 11.2% Annualized Investors eyeing a purchase of Cubist Pharmaceuticals Inc. (NASD: CBST) shares, but tentative about paying the going market price of $53.83/share, might benefit from considering selling puts among the alternative strateg...
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Commit To Purchase SM Energy At $40, Earn 6.1% Investors eyeing a purchase of SM Energy Co. (NYSE: SM) shares, but tentative about paying the going market price of $64.25/share, might benefit from considering selling puts among the alternative strategies at their dis...
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Commit To Purchase Centene Corp At $42.50, Earn 9.4% Investors eyeing a purchase of Centene Corp (NYSE: CNC) shares, but cautious about paying the going market price of $54.38/share, might benefit from considering selling puts among the alternative strategies at their disp...
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Commit To Purchase Corrections Corporation of America At $23, Earn 7.8% Investors eyeing a purchase of Corrections Corporation of America (NYSE: CXW) stock, but cautious about paying the going market price of $32.02/share, might benefit from considering selling puts among the alternative str...
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