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New index certificates. 2008-03-05 12:28:55 New index certificates were launched on Prague Stock Exchange today. Issuer is Volksbank AG. All three certificates are underlying Central European stock market indices. Those instruments are not leveraged.CECE VB-AFT - AT000B054705 - CECE EUR IndexWIG VB-AFT - AT000B054713 - WIG 20 IndexBUX VB-AFT - AT000B054739 - BUX IndexCertificates supplement a group of emerging market indices. On exchange already listed certificates are Croatian CROBEX or SETX, Czech CTX or PX, Hang Seng China Enterprises Index, Russian RDX, Romanian ROTX and Serbian SRX.
New international stocks listed on off-exchange. 2008-03-05 06:12:02 Today it's a first day of trading with new international stocks on Czech off-exchange. Up to now except of Czech companies there was possibility to invest money into two foreign stocks, Deutsche Telekom (DT) and Nokia (NOK). Now number has been increased by Microsoft (MSFT), ExxonMobil (XOM), Intel (INTC), McDonald's (MCD) and Volkswagen (VLKAY). In my view it is right timing for listing. Czech currency Koruna CZK is traded at all time high and there could be some correction ahead. Depreciation of CZK could improve investment as all those international stocks are converted in CZK.
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Business Week. FED testimony. 2008-03-04 01:31:39 MondayEconomic Construction Spending (-.8%), ISM Index (49), Fedspeak ala Plosser & KrosznerEarnings Focus Media (FMCN), Gehl (GEHL), HSBC (HBC), ABM Ind (ABM), Basic Energy (BAS), Home Inns (HMIN), NCI Bldg (NCS), TurboChef (OVEN)TuesdayEconomic Auto & Truck (5.2M, 6.8M)Earnings Blount (BLT), Clearwire (CLWR), Perficient (PRFT), Staples (SPLS), Trina (TSL), Tech Data (TECD), Chico’s (CHS), Maidenform (MFB), Semtech (SMTC)WednesdayEconomic ADP Private Survey, Revised Productivity (1.8), Factory O’s (-1.5%), ISM Services (48.5), Fed’s Beige, Weekly Crude, BernankeSpeak @ community bankers conferenceEarnings Big Lots (BIG), BJ’s (BJ), Canadian Solar (CSIQ), Costco (COST), FuelTek (FTEK), ADC Teleco (ADCT), H & R Block (HRB), Longs (LDG), Martek (MATK), MercadoLibre (MELI), Mindray (M Read more:Business
, Business Week
Tech stocks technically. 2008-02-29 15:47:23 I wrote this week that I expect rebound for Divx (DIVX). Today stock were off 10% (25% in last 5 days!!!) but nevertheless price turned over and closed by +0,41%. This rebound has formed technical hammer candlestick. I see this as beginning of short term reverse.Another tech company which I am watching closely is Google (GOOG). Recent selling pressure sent shares to valuation which is very attractive in comparison to growth prospects. Even broad sell 0ff on US markets didn't affect Google too much and stocks closed only with -0,89% change.OmniVison Technology (OVTI) was leading nice gains this week after company released strong quarter results. Technically OmniVison reached strong support zone at $12 and created already third bottom during last 3 years (attached chart). Better than expecte
Divx still in down trend. 2008-02-27 14:09:22 IPO of 2006 is not in favour of traders at all. 2 months after issue of shares the company is in downtrend up to now.Divx (DIVX) is shutting down Stage6. This negative news has been dragging shares to new low. Shares were testing the most recent low formed on November 07 and this support has been broken. Recent daily volumes exceed average. Let's see where will be short term low. I expect bounce in near future as shares are traded close to strong support line.Earnings call is scheduled on 11 March.
Free offline RSS reader. 2008-02-27 13:35:00 I've been searching some good RSS reader
for feed which works also offline. Basically majority of aggregators are web-based. But if your are often without net connection it's worth to use some which is downloading feeds update automatically. And then you can enjoy offline reading. I found several discussions and recommendations but generally it is not so easy to find good one. Listed below are the best what I've found.- Omea Reader- RSS Bandit- News Gator - can even integrates your feed into MS Outlook- Combination of Google Reader and Google Gear- NewsMonster- GreatNewsI chose RSS Bandit. It's pretty easy to navigate and also has different timing for automatic update for different feed and other functionality.
Leaders and laggards among ADR. 2008-02-26 13:31:06 Most of world indices are in negative on year to date 2008. Let's have a look at international stocks listed on US markets which are beating performance and also stocks that are below. Statistics show two emerging markets from BRIC. But with opposite performance.Measured by Bank of New York ADR indices leaders are:Brazil ADR Index 6.54%Mexico ADR Index 3.63%Brazil ADR Index main constituents: COMPANHIA VALE A (RIO), ISHARE MSCI BRAZ (EWZ), PETROLEO BRASILE (PBR), BANCO BRADESCO A (BBD), COMPANHIA SIDER (SID), VIVO PARTICIPACO (VIV)Mexico ADR Index main constituents: TELVISA SA (TV), CEMEX SAB DE CV (CX), ISHARE MSCI Mexico (EWW),TELEFONOS DE MEX (TMX), FOMENTO ECONOMIC (FMX), DESARROLLADORA H (HMX), MEXICO FUND INC (MXF)And laggards:China ADR Index -14.15%German ADR Index -11.43%China ADR Read more:Leaders
Technical analysis - triangle pattern. 2008-02-25 13:15:17 Broad US indices are shaping neutral technical pattern which should end up this week. Friday's late buying power formed 5 point with higher volume hammer.This week brings key economic data which in my view reveal direction for shares from mid term perspective. I'll be mainly watching PPI, GDP, home sales statistics and consumer confidence.Not so many influential earning reports are scheduled. The most interesting could be Home Depot (HD), Blackstone (BX) or AIG (AIG). However this week I see main power for movement in economic data.Related tickers: (QQQQ), (SPY), (DIA)
Read more:Technical
, triangle
Business Week. Key economic reports. 2008-02-25 13:07:29 MondayEconomic: Existing Home Sales (4.8M)Earnings: FirstEnergy (FE), Lowe’s (LOW), LDK Solar (LDK), Nordstrom (JWN), Shanda (SNDA), USEC (USU), Wilson Greatbatch (GB)TuesdayEconomic: PPI & Core (.3%, .2%), Consumer Confidence (82.5), S&P/Case-Shiller (-9.8%)Earnings: AutoZone (AZO), CBRL (CBRL), Ceradyne (CRDN), Frontier Oil (FTO), Home Depot (HD), KBR (KBR), Macy’s (M), RadioShack (RSH), Target (TGT), Autodesk (ADSK), Covanta (CVA), Stone Energy (SGY), Overseas Ship (OSG), Ormat (ORA)WednesdayEconomic: Durable Orders (-4.0%), New Home Sales (600K), Weekly CrudeEarnings: Boyd (BYD), LifeCell (LIFC), Lamar (LAMR), SPX (SPW), Toll Bros (TOL), Ctrip (CTRP), General Maritime (GMR), GMarket (GMKT), Limited (LTD), Salesforce (CRM), Public Storage (PSA), Tenaris (TS), Whiting Petrol Read more:Business
, Business Week
4 Ways that Online Terrorists are Impacting Your Portfolio. 2008-02-22 13:56:49 The threat of online terrorism has become a reality in the increasingly digitized world of high finance. The US economy has become more and more reliant on computerized functionality, as has the global economy to a certain extent. Moreover, companies that conduct the bulk of their business online have become major players in a variety of financial venues. A physical storefront on Main Street is no longer a prerequisite for starting a new business, but a virtual storefront has become a necessity.As more people look to the web to purchase goods and procure services, an ever-increasing amount of money is being poured into digital ventures. Real money is put into the creation of these enterprises and real money is being made by them. It is inevitable, then, that terrorism has followed this Read more:Terrorists
, Portfolio
Large Caps Growth stocks. 2008-02-22 12:33:48 Below listed stocks are selected based on predefined parameters. Fundamental analysis screen for growth stocks with large capitalization.Market capitalization at least 5 bln. USD, P/E ration below 20, earnings growth past 5 years at least 30% and future growth again above 30%.CompanyMarket Cap. (in mil of $)Earnings growth past 5 years (%)P/E ratio (trailing 12 months)Projected earn. growth, next yearNoble Corp Cayman Islands (NE)$1291638%1275%Pioneer Ntl Res (PXD)$527441%1441%ENSCO Internat Inc. (ESV)$816370%940%Manitowoc Co Inc (MTW)$5114108%1533%National Oilwell Varco Inc. (NOV)$2275255%1733%Newfield Exploratn (NFX)$653734%1532%Nabors Industries Ltd (NBR)$865159%931%
Read more:Growth
Free fundamental stock screeners and scans. 2008-02-18 13:19:13 I'd like to publish several stock screeners which are free of charge (for all bold marked tools you can find link on the left under Stock screener section).Let me start with my favourite one which is provided by Finance Yahoo. Basically Yahoo offers two kind of screening based on funadamental analysis. The first one is Basic Yahoo screener (HTML version) allowing to sort shares according to major indicators like P/E, P/B, PEG, Div Yield, estimated EPS etc.Advanced Yahoo screener is adding more detailed view with RoA, RoE, insiders and institutions held and much more. You can find several preset screens for value or growth for small, mid or large caps. This screener is Java based. And in my view the best one which is for free.MSN screener has only basic indicators without numeric range. Pos
GDP growth in Czech Republic for 2007. 2008-02-17 15:00:26 GDP grew by 6,9% in last quarter of 2007. For the whole year 2007 change is 6,6% up. Numbers are above analyst estimations which varied between 6,3 - 6,5 %. Improvement was dragged by higher employment (on year to year basis 1,9 % more employed people). Big impact has public health insurance reform. Extraordinary stimulus came from health insurance groups due to higher expenses. This contributed for GDP increase by 0,5%.Leading industries were energy, manufacturing industry.
Read more:Czech
, Republic
, Czech Republic
Amazing GDP growth by more that 14%..? 2008-02-14 08:22:15 This is not GDP growth in China but in Slovakia. Today's released number left all expectations behind. On average analyst expectations range 8,9 - 9,4 %. Real GDP number in Slovakia is 14,1%, growth faster than in China. Mainly supported by higher industrial production, consumers spending. In addition, changes in taxation forced retailers stored up level of stock.
Read more:Amazing
Technical analysis for index PX. 2008-02-14 05:22:46 Global sentiment has turned to optimistic after Warren Buffet offered to help of 800 bln. USD. This has influenced also trading on Prague Stock Exchange. Attached chart shows technical picture for Czech index PX. It visible that index is traded in growing channel. Recent price is reaching upper resistance line. If there are not any strong fundamental news we can expect price to consolidate and turn down.Technical
signal is also confirmed by Fibonacci support line 23,6 for level 1490.
Badge for Forbes Financial Blog Network. 2008-02-12 15:11:53 I already wrote about bloggers network associated by Forbes
. Business and Financial
Blog Network is planned to be launched at the beginning of year 2008.There are basically two benefits coming from this partnership. First, some of your posts / articles can be published on Forbes page which lead for higher readership. Second, you will be involved in Forbes advertising program.Requirements for participation are:- to have business or finance related blog- to run two banners ads on your blog (728x90 Leaderboard and 160x600 Skyscraper or 300x250 Rectangle)All ads management is done via online acount at Adify. Pricing is based on eCPM (effective CPM). Blogger receives 40% of all net revenues collected by Forbes.Next thing to point out is that as a member of this network you will place Forbes bad Read more:Badge
New ETFs specialty. 2008-02-12 13:38:00 Van Eck Global launched new specialty ETFs in Market Vector group. After several municipal bonds ETF there are 2 really unique exchange traded funds.Gaming ETF (BJK)This investment is following up S-Network Global Gaming Index covering 69 worldwide companies from gaming industry. Industry segments are casino and race track operations, horse race and sport betting. Major Index constituents are International Game Technology (IGT)11,6%, Las Vegas Sands (LVS) 7,6%, MGM Mirage (MGM) 7,1%, Wynn Resorts Ltd (WYNN) 5,4%. Country breakdown: United States 43%, Australia 15%, Malaysia 9%.Coal ETF (KOL)This ETF returns performance of Stowe Coal Index which consists of 60 companies from coal industry. Again it is with worldwide exposure. Major Index constituents are BUMI Resources 9,5%, CONSOL Energy
Municipal bonds (Munis) as a ETF. 2008-02-11 10:11:57 This rainy season is attracting attention to municipal bonds from several reasons. FED is cutting interest rates which boosting bond prices. If Democrats win Presidential election, most probably they enhance muni's tax advantages. Apart from, single A rated munis are having 80 times lower historical default rate (0.0084) than triple triple AAA corporate bonds. Merrill Lynch municipal index has in 2007 3,29% return which is less than half of average return during last 19 years. On the other side, faith in triple A munis was hit by CDO losses at Ambac (ABK) and MBIA (MBI).Municipal
bonds can be bought indirectly via fund or ETF. Among funds I'd point out Oppenheimer Rochester National Municipals (ORNAX) and less aggressive Legg Mason Partners Managed Municipals (SHMMX).This segment is just d
Business Week. General Motors and PetroChina. 2008-02-11 07:08:45 MondayEconomic: NAEarnings: Carlisle (CSL), CNA (CNA), LCA Vision (LCAV), Valspar (VAL), American S & E (ASEI), Fording Coal (FDG), Charles River (CRL), Qiagen (QGEN), Veeco (VECO), Vertex (VRTX)TuesdayEconomic: Treasury Budget ($30.0B)Earnings: GeneralMotors
(GM), Marsh McLennan (MMC), Qwest (Q), Schering (SGP), XTO Energy(XTO), Teva (TEVA), Blue Nile (NILE), Cephalon (CEPH), General Cable (BGC), Panera (PNRA), Sigma Aldrich (SIAL), Watts (WTS), Wynn (WYNN)Wednesday:Economic: Retail / ex Auto (0.00%, .2%), Biz’ Inv’s (.4%), Weekly crudeEarnings: Agrium (AGU), Daktronics (DAKT), Deere (DE), First Solar (FSLR), PetroChina
(PTR),PF Chang’s (PFCB), Rio Tinto (RTP), Waste Mgt (WMI), Agilent (A), Baidu (BIDU), Core Labs (CLB), Network Apps (NTAP), NVIDIA (NVDA), Skechers (SKX), Value Read more:Business
, Business Week
, General Motors
Yahoo launched Tech Ticker. 2008-02-10 04:24:10 On 7th February Yahoo
(YHOO) officially launched new section at Finance page. Section is called Tech Ticker. Site will cover daily text and video news from the world of technology.In addition to news you can find information about venture capital, M&A and IPOs. Also product and trends in technology. Stay tuned with the sector that is forming new economy.
Global stocks listed on local stock exchange. 2008-02-10 03:22:43 This week Prague Stock Exchange welcomed two companies from abroad. First is from Austria, Vienna Insurance Group which is traded in main segment SPAD. Next emission is on second (electronic) market RM-SYSTEM. This time is coming from Finland, it is Nokia (NOK). After Deutsche Bank AG (DB), Nokia is second foreign stock listed
on electronic exchange. Share prices are converted to Czech Koruna CZK.The intention for listing foreign stocks on electronic market and lowering trading commissions helped to increase trading volume on RM-SYSTEM and reached record turnover in 2007. Secondary market has enough liquidity now and it is right place to be for small and mid size investors.
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Business Week. Cisco and Disney. 2008-02-09 12:36:16 MondayEconomic: Factory Orders (2.0%)Earnings: Archer Dan (ADM), Clorox (CLX), Humana (HUM), Illumina (ILMN), Rambus (RMBS), LV Sands (LVS), YUM Brands (YUM)TuesdayEconomic: ISM Services (53)Earnings: CME Group (CME), NYSE (NYX), Tyco (TYC), Whirlpool (WHR), Bankrate (RATE), Invitrogen (IVGN), Riverbed (RVBD), Disney
(DIS), XL Capital (XL)WednesdayEconomic: Prelim. Productivity (1.0%), Weekly Crude, Pending Home Sales, Consumer Credit (8.0B)Earnings: Cigna (CI), InterActive (IACI), Nat Oil (NOV), Sonoco (SON), Time Warner (TWX), Akamai (AKAM), Cisco
(CSCO), Fiserv (FISV), FMC (FMC), Prudential (PRU), WMS Ind (WMS)ThursdayEconomic: Weekly Claims (344K)Earnings: Aetna (AET), AGCO (AG), Bunge (BG), FLIR (FLIR), Moody’s (MCO), Pepsi (PEP), Terra Ind (TRA), Activision (ATVI), Atwood (ATW), BM Read more:Business
, Business Week
Top performing stock markets in 2007. 2008-02-09 11:53:21 Let's have a look at leading stock market indexes in 2007. Two hot emerging markets are missing among top 10. Commodities driven Lima Stock Exchange index IGBVL in Peru and Viet Nam Stock Exchange VN index. Especially Vietnamese index had nice bull run in 2006 since Vietnam entered World Trade Organization.Winner for 2007 is China CSI 300 even thought early on spring 2007 there was global sell of triggered just by China. About Ukraine I wrote in previous post. Index is mainly composed of large caps compared to others indices in emerging markets. Main topics for Slovenian market were Euro adoption and government pension funds fuelling equity market. In Bangladesh investors were attracted by government pledge to sell state enterprises.China CSI 300 index 179.75%Ukranian PFTS index 135.41%Slo
Amazing Ukrainian stock index PFTS. 2008-02-09 11:45:42 Despite of economic slowndown Ukrainian
stock market index PFTS brought 135% gain at 2007. It is second best performing index after Chinese CSI 300. Outlook for 2008 is less optimistic and on average 30-40% gains are expected. The most promising sectors are metallurgical assets, energy and machine. On the other side financials are among laggards. Since 2004 market capitalization has risen 11-fold. Number of companies traded on stock market reached 335. Market could be fuelled by scheduled IPOs during 2008 escpecially large industrial groups like Metinvest, Interpipe and ISD Group.From chart you can see that index PTFS survived January sell off very well.Risk for sustain growth could be slowing Russian economy. GDP growth in Russia for 2007 was 8% but outlook for 2008 is 6,4%.
Read more:Amazing
Business Week. Retail sales data. 2008-03-10 09:10:51 MondayEconomic Wholesale Inventories (.6%)Earnings Blackstone (BX), Hi-Tech Pharma (HITK), Spartech (SEH), China Surveillance (CSR), Foot Locker (FL), Hovnanian (HOV), Jones Soda (JSDA), Sykes (SYKE)Events EMEA Agrochemicals Conference, Telecom / Networking Conference (3-Day)TuesdayEconomic Trade Balance (-$59.5B)Earnings Dick’s (DKS), GigaMedia (GIGM), Global Sources (GSOL), Boston Beer (SAM), Diamond Foods (DMND), DivX (DIVX), J. Crew (JCG), Metabolix (MBLX), Take-Two (TTWO), Pep Boys (PBY)WednesdayEconomic Treasury Budget (-$140.0B), Weekly CrudeEarnings AES (AES), American Eagle (AEO), JA Solar (JASO), VeraSun (VSE), Vimpel (VIP), Air Methods (AIRM), China Grentech (GRRF), Hot Topic (HOTT), Men’s Wearhouse (MW), Sigma Designs (SIGM)ThursdayEconomic Weekly Claims (360K), Retail
Sale Read more:Business
, Business Week
US stock markets at crossroads. 2008-03-06 15:32:13 At the end of last week we saw technical triangle for broad US indices. Pattern was crossed down and shares are going down this week. We are approaching stronger technical support line. For S&P 500 level 1300 points was topped on May 06 and tested one month ago. Dow Jones Industrial average has tested level of 12000 points already three times. After Chinese sell-off last year, one month ago and just now. NASDAQ Composite is not as interesting from technical point of view. It gave up all gains and all 2007's resistance against credit meltdown is away. Index is well behind Chinese sell-off bottom and another resistance line could be seen at psychological level 2000 points. This level has been tested 2 times in last 3 years.Related tickers: (DIA), (SPY), (QQQQ)
Next FED meeting ahead. 2008-03-15 11:08:04 Last week was again in token of volatility. One day record growth in 5 years and next day credit fear sell off. Standard and Poor´s reported expectation for total write-downs 285 bln USD and predicted soon end of credit market turmoil. Day after Bear Stearns bailout dragged markets again to red.Coming week brings FED interest rate decision. What is broad market expectation? Based on futures the most probable (94%) is cut by 75 bp 2,25% on 18.3. Next meeting
is scheduled for 30.4. and current expectations are 84% for 25 bp cut.Previous cuts stopped broad markets from sharp fall. 16.8.2007 indices bottomed after FED lowered by 50 bp. 22.1.2008 againg bottom after sharp emergency cutting by 75 bp which followed by 50 bp week after during regular meeting. All cuts triggered rebound from stron Read more:ahead
Is there bull market ahead? 2008-03-17 13:44:42 To my previous post. Nevertheless looking at current market I am becoming more and more bullish. Major indices are well of its latest high from October 2007. If this was entering point for bear market we are already 5 months in. FED has adjusted interest rates significantly and tomorrow we can see another sharp cut (0.75 or even 1%). We just enter quarter in which first cuts could be reflected in corporate earnings and activities.Market mood is very bad due to financials. But on the other side what worse could come.Financials will report next losses due to writedowns? ...They will, No surprise.US economy will enter recession? ...Not official statement yet and markets already gave up more that 2 years gains. In addition everyone expects recession, again No surprise.I think bottom is found w Read more:ahead
Bear market started and finished by Bear Stearns? 2008-03-17 13:20:40 Bear Stearns
came last summer as a first on surface with problems related to risky loans. In fact issues with Bear's hedge funds have started credit market turmoil. And these days this company is just history, traded for fraction of its price one year ago.Today company has earnings call. Also other big brokerages are releasing results this week like Goldman Sachs, Lehman Brothers and Morgan Stanley. What is interesting that up to now Bear Stearns hasn't declared such a huge writedowns as e.g. Merryll Lynch did.(see total writedowns due to subprime...)After this I am bit afraid from numbers coming this week. Of course someone can say BSC doesn't have such a diversification like others but still who would expect one week ago this collapse for one of the biggest financial company.Related tick
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