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Wednesday August 5, 2009

PennyOmega.com Stock Report!

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Options traders made a mad dash for Chesapeake Energy Corporation (NYSE: CHK) calls on Tuesday, after the firm reported a stronger-than-expected second-quarter profit. According to data from WhatsTrading.com, the natural gas concern saw almost 33,500 calls cross the tape, more than doubling its average single-session volume of fewer than 13,900 contracts. Most popular was the August 23 call, which saw roughly 12,400 contracts change hands.

Seeger Weiss LLP announced today a $41.5 million settlement with Merck & Co., Inc. (NYSE:MRK) and Schering-Plough Corporation (NYSE:SGP) resolving nationwide fraud claims arising out of the sale and marketing of the companies’ co-ventured prescription

The ability to keep track of high-cost assets is something that businesses have had to deal with internally. Accountants and technicians synch up physical counts with what is on the books. But where actually are these assets? While large companies can customize their own tracking systems, smaller companies have had to come up with their own solutions. Universal Tracking Solutions, Inc. (UTRK.OB) specializes in bringing an enterprise solution to mid-level companies that enables them to track their fleets with GPS technology.

The UTS Fleet Manager is a well thought-out system that allows companies to view their fleet’s current location in a number of applications. Rather than view random dots on a basic map, the UTS Fleet Manager allows a company to customize the icons associated with each vehicle so that users can distinguish between a delivery truck, a flatbed truck, or a semi-trailer.

Author: toronAdded: Wed, 18 Mar 2009 21:50:13 -0800Duration: 238

Toron Managing partner arthur Heinmaa examines the growing concerns of deflation in the Canadian economy and what the risks might be for 2009. 

Dell unveiled their new ultraslim, the Adamo, a few days ago. The new laptop is a 13.4 inch “luxury” portable featuring no optical drive, a long life sealed-in battery, edge-to-edge glass screen, and a solid state hard drive comes at the very affordable starting price of $1999. Does this sound familiar? A MacBook Air, perhaps? To a lesser extent, the HP Voodoo Envy 133? 

One can’t fault Dell for wanting to keep up with Apple and HP. HP has maintained its stranglehold on worldwide notebook marketshare for over two years. In North America, Dell’s “home territory,” marketshare has fallen below 2006 levels while Apple and HP continue to capture the bulk of sector growth. 

Data courtesy of Gridstone Research. Apple bars represent “Total

The markets continued to rally as the Dow Jones ended up 1.23% at 7486.58 while the S&P and NASDAQ closed up 2.09% and 1.99% respectively. The 10 year saw yields shrink as news that the Fed will increase its open market purchase pushed prices up. Yields closed around 2.55%. Gold and oil settled up at $49 and $929.50 as investors pushed funds into these commodities.

Big news from the tech sector today as International Business Machines [IBM: 91.95, -0.96 (-1.03%)] is in talks to purchase the ailing hardware maker Sun Microsystems [JAVA: 8.89, +3.92 (+78.87%)].  The two Companies have not outright stated anything, but sources close to both sides say an agreement is fast approaching. Could this be a strategic maneuver for IBM as competitors are beefing up their offerings in the data center space?   After all, CEO Palmisano did say he is now on

      As the fallout in the financial markets continues to unwind, a number of companies have bolted down balance sheets and insured some cash flows by cutting their once attractive dividends.  In the past month we have seen the likes of General Electric [GE: 10.32, +0.32 (+3.20%)], JP Morgan Chase [JPM: 27.11, +1.97 (+7.84%)], Bank of America [BAC: 7.67, +1.40 (+22.33%)], Pfizer [PFE: 14.25, -0.01 (-0.07%)] and Alcoa [AA: 5.48, -0.11 (-1.97%)] all cut these coveted yields, proving that this trend has extended into and beyond the financial sector.  However, one sector that has maintained their healthy yields has been the utilities sector.  While equity prices in the sector have been beaten down with the overall market, there is still a basket of companies that have the means to continue redistributing lucrative cash flows to investors.  By no means are

After a two-day “holiday” to start the week–Martin Luther King Day today (Monday) and Inauguration Day tomorrow (Tuesday)–it’ll be back to business on Wednesday as Congress begins to grill U.S. Treasury Secretary nominee Timothy Geithner – the appointment many observers believe to be the most important of the new Barack Obama administration.

Geithner, currently the president of the Federal Reserve Bank of New York, is viewed by Democrats and Republicans alike as probably the most qualified candidate to succeed current Treasury Secretary Henry M. “Hank” Paulson Jr., since whoever fills this post will have to be able to step right in and make whatever moves are needed to fix a financial system that seems to get worse by the week. Geithner is actually viewed as perhaps the one candidate with the qualifications, personality and personality needed for success.

But there’s a problem.  The man chosen by President-elect Obama

With stores tripping over themselves to offer steep holiday season discounts, their efforts were largely in vain, as many consumers simply weren’t financially able to take full advantage. Even the beast that is Wal-Mart (NYSE: WMT) struggled to make much headway. As we reported yesterday, Thomson-Reuters projected a 2.8% same-store sales rise for the firm in December. But the actual results proved otherwise.

Considered to be a beneficiary of the tightened household budgets, the company reported a paltry 1.7% increase in same-store sales. As a result, it cut its earnings outlook.

Thomson-Reuters was right about one thing, though: Higher-end retailers got spanked - some of them quite dramatically. For example, Saks (NYSE: SKS) posted a 20% decline in same-store sales, while Gap (NYSE: GPS) sales sank by 14%.

So how can investors play this? If you’re like me, when bad news hits, you look to snap up

Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob’s Advice!  As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

Is inflation rearing its ugly head?

As reported this morning:
The department’s Producer Price Index, which measures inflation pressures before they reach the consumer, rose 0.2 pct in April following a 1.1 increase in March.

Core inflation rose 0.4 pct for the …