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Thursday October 8, 2009

DrStockPick.com Stock Report!

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SIRIUS XM Radio (Nasdaq: SIRI) today announced that OutQ, the nation’s first and only 24/7 radio channel dedicated to the LGBT community, will broadcast extensive coverage of the National Equality March in Washington, DC this weekend including live coverage of President Obama’s keynote address at the Human Rights Campaign National Dinner on October 10. The Equality March is an event organized to fight for equal protection for LGBT people in all matters governed by civil law in all 50 states.

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If history is our guide, then the rally we’ve seen in U.S. stocks in recent weeks is more than just a periodic run-up in share prices – it’s the initial stage of a prolonged bull market.

The 13-week rally the Dow Jones Industrial Average has experienced off its March lows is the most powerful surge that index has seen since the Great Depression. If we look to history, stocks should continue to rally over the next three months.

“I say this with the utmost confidence and my fingers tightly crossed: This is the start of a new bull run,” Hugh Johnson, chairman of Johnson Illington Advisors, told MarketWatch.com.

The 13-week stretch from March 9 through May 29, which saw the Dow soar 28.3%, has been bested only once – by the 40.8% run-up the Dow enjoyed in the 13 weeks that followed its hitting a bottom in May 1932. The

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The markets rebounded from yesterday’s lag in a rally led by financials and energy, as the Dow Jones was up 0.86% to close at 8750.24.  The NASDAQ was up 1.32%, closing at 1850.02, while the S&P 500 closed at 942.46, up 1.15% for the day.  The 10-year yield rose 3.076% as prices for the treasury fell.  Crude and gold both were up today settling at $68.81 and $982.30 respectively. 

Energy stocks were the main reason for a gain in the markets as Exxon [XOM: 72.98, +0.90 (+1.25%)], Chevron [CVX: 69.79, +1.53 (+2.24%)], and ConocoPhillips [COP: 45.97, +0.34 (+0.75%)] all saw significant run ups today.  One of the main reasons for the rally in energy was that an analyst from Goldman Sachs made a forecast that energy shortages are likely to return, driving futures to a seven month high.  The same analyst from Goldman

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U.S. President Barack Obama has opened the door to a broader relationship with Cuba by loosening travel and communication restrictions. But will pressure from numerous Latin American states and a promise to usher in a new era of cooperation and dialogue in the Western Hemisphere ultimately result in the revocation of the 47 year-old trade embargo? And what would it mean if the Cuban trade embargo were actually abolished? President Obama has already loosened several restrictions enacted by his predecessor George W. Bush. Prior to his arrival at the Summit of the Americas in Trinidad and Tobago last weekend, Obama relaxed restrictions on travel to Cuba, making it easier for Cuban Americans to visit and transfer money to relatives on the island. “There are no better ambassadors for freedom than Cuban Americans,” Obama said in a campaign speech last year. “It’s time to ...

Energy investors may find themselves at odds in weighing whether to put their money into fossil fuels or green alternatives. Two separate articles in today’s Wall Street Journal provide a good backdrop for the current dilemma. Ultimately, we’re of the opinion that it’s still too early for alternative energy to make a convincing business case.

In one story, the Journal covers a recently released annual report from the International Energy Agency. According to the Journal, the IAE paints a gloomy picture of energy shortages and escalating costs of discovery and recovery.

The IAE says that current low oil prices are an anomaly linked to the economic crisis embracing the world. Eventually, when the economy regains its health, oil prices will continue to climb over the coming years to hit $200 a barrel by 2030.

One problem with energy prices remains a dilapidated infrastructure. In turn, energy companies would have to invest more than

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Russia and Venezuela begin further energy talks today, as a delegation including Deputy Prime Minister Igor Sechin arrives in Caracas. Sechin says that Russia will make its own rules on oil production, and Medvedev has proposed conducting oil and gas settlements in rubles. A new power plant in Tajikistan is aimed at alleviating some of the problems caused by energy shortages and harsh winters. Lukoil will finalize a $1.74 billion deal with Italy’s ERG today, sealing Italy’s position as one of Russia’s key energy collaborators. Russia and Kyrgyzstan are working on a series of new energy bills. An arm of India’s Oil and Natural Gas Corporation may join up with Russia’s Sakhalin-3 project. Despite initial environmental objections, Canada may persuade Barack Obama’s government to join oil sands operations in Alberta.

Today, Axial Vector Energy Corp. announced that four of the world’s largest windmill energy producers expressed strong interest in the company’s highly efficient motors for wind energy production after the company introduced the technology at the Friedland Equities Global Investment Forum earlier this week. Axial is currently scheduling these special demonstrations.

Axial Vector generators have competitive advantages over conventional solutions currently being utilized, providing higher efficiency and profitability while reducing production costs simultaneously. These state-of-the-art motors advantageously reduce the initial frictional force present in existing motors to nearly zero.

President and CEO of AVEC, Sanjai Chhaunker, stated, “The astounding features of our motor will allow the wind energy producers to generate power at a low speed of about 1 mile per hour, as against the traditionally required speeds of 8 to 16 miles per hour. This establishes effective tradeoffs between production and generation losses, and

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Chile's principal economic activity index, the IMACEC, rose 2.1 percent in May compared with a year earlier, which was a marked slowdown after growth of 4.8 percent in April, according to data from the central bank yesterday. The IMACEC, a monthly index, measures more than 90 percent of the components which make up Chile's gross domestic product. GDP figures are issued quarterly. So it gives us some short term measure of the level of economic activity.The pace of growth slowed from April, which followed a 0.3 percent contraction in March, the central bank said today. The annual economic growth rate fell to an average of 2.4 percent in the three months through May, from 6.5 percent in the same period a year earlier. Chilean economists generally cut back their forecasts from over 3 percent after a ...