Exclusive Economy

Potential Rebound Tomorrow

EE-Reporter — Tue, 17 May 2011 03:59:00 +0000

Here’s a list of stocks to watch for a potential rebound tomorrow. Prepare yourself for swing trades. We will be trading these stocks which are testing new recent lows.

MCP

AVL

DANG

TSL

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Greece Debt Worries Drive Market Selloff… Yeah We Know, We’ve Heard This Headline Before

EE-Reporter — Fri, 13 May 2011 21:00:03 +0000

How many of you are tired about hearing the same crap over and over again? It must be a slow news day, sometimes I wonder if the mainstream media picks a headline out of a hat randomly and blast the airwaves with it. The market nose dived today, so what did they tell us??? “Greece debt worries drive the market lower!” We’ve known Greece has been in trouble for years now, why didn’t they mention it on Monday, why didn’t it drive the market down yesterday or the day before…. Headlines drive the emotions of investors, thus resulting in emotional trading. Emotional trading is what drives the market, for now the old fashion market based on technical’s doesn’t exist.

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Top 10 U.S. Companies Who Avoided Foreign Profit Tax

EE-Reporter — Wed, 20 Apr 2011 04:52:17 +0000

Below is data compiled from Bloomberg and Fortune revealing the Top 10 U.S. Companies who avoided tax on foreign profits.

1. General Electric (GE)
Untaxed foreign profit: $94 billion

2. Pfizer (PFE)
Untaxed foreign profit: $48.2 billion

3. Merck (MRK)
Untaxed foreign profit: $40.4 billion

4. Johnson & Johnson (JNJ)
Untaxed foreign profit: $37 billion

5. Exxon Mobil (XOM)
Untaxed foreign profit: $35 billion

6. Citigroup (C)
Untaxed foreign profit: $32.1 billion

7. Cisco Systems (CSCO)
Untaxed foreign profit: $31.6 billion

8. IBM
Untaxed foreign profit: $31.1 billion

9. Procter & Gamble (PG)
Untaxed foreign profit: $30 billion

10. Microsoft (MSFT)
Untaxed foreign profit: $29.5 billion

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Goldman Sachs Oil Warning Panics Investors

EE Economist — Tue, 12 Apr 2011 19:24:06 +0000

Goldman Sachs warning to investors on a “substantial pullback” in oil prices triggered a 3% drop today. Oil prices have risen 33% since mid February due to fears in supplies and production with unrest currently in the Middle East. OPEC reassured the market that they were compensating for any slowdown in productions of other nations in trouble.

Panic selling could take hold and drive prices back to $100 per barrel if prices hold near $106. Investors last week bought contracts at $107-$112. On the other hand prices at the pump continue to rise and are expected to break more records. We continue to support buying energy stocks, especially given the current market. Buy on peoples fears and sell on their optimism.

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Unemployment Fell To 8.8%

EE Economist — Fri, 01 Apr 2011 16:58:27 +0000

The U.S. job market is improving as new data indicated this week. A surge in hiring helped lower the unemployment rate to 8.8% the lowest it has been in two years. The economy gained 216,000 jobs last month beating analysts expectations of 180,000. Private companies have accounted for 1.8 million jobs created in a year.

Which industries are hiring? The leaders were:

Professional Services = 78,000 jobs
Health Care/ Social Services = 44,000 jobs
Leisure and Hospitality = 37,000 jobs

Who’s still cutting?

Public Sector = -14,000 in March

13.5 million People remain unemployed and the average length of unemployment is at a record 39 weeks

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Weekly Initial Claims Statistics (3/19)

EE Economist — Mon, 28 Mar 2011 07:57:20 +0000

We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“n the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week’s revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week’s revised average of 386,750.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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Bailout Profits

EE Economist — Fri, 25 Mar 2011 06:42:12 +0000

Tax payers are still in the red from the bailout money the government issued. However out of the $256 billion returned the government earned $56 billion in profits. $123 billion is still unpaid from the TARP and $133 billion from GSEs. Eventually all the bailout money will be returned but the question is how will the government capitalize and will the tax payers get a cut or anything.

Take a look at this charts, showing where the money is and the returns on investments.

Sources:
Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel
ProPublica

http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red

The State of the Bailout

http://projects.propublica.org/bailout/main/summary

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S&P 500: 5% Pullbacks Tracked

EE-Reporter — Tue, 22 Mar 2011 06:00:17 +0000

Check out this graph from Birinyi Associates. They’ve tracked 6, 5% pullbacks in the last 2 years.

“What is perhaps more encouraging is the fact that 5% declines do not usually result in a further 10% decline, and a bear market is even less likely. An initial 5% decline, such as the one beginning on 2/18/11, only results in a correction (10% decline) 33% of the time, and in only 11 of 106 instances has a 5% decline turned out to be a bull market top.”

So according to these guys were in for a bull market. Lets note that for the record and stay tuned.

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Weekly Initial Claims Statistics (3/12)

EE-Reporter — Fri, 18 Mar 2011 01:50:01 +0000

We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week’s revised average of 393,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

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World’s Top Gold Reserves By Countries

EE-Reporter — Thu, 17 Mar 2011 03:39:30 +0000

The only certain thing in an uncertain international economic crisis is that countries are increasing their gold reserves. Most notably China has been moving away from a weakening U.S dollar in order to defend itself from further falling victim of a deepening crisis. Gold will continue to surge as long as the Federal Reserve keeps interest rates near zero and neglects to support the dollar.

Gold is holding near record highs above $1400 an ounce… Will gold become the new world currency? If that’s the case, whoever has the most reserves will have greatest advantage! Only time will tell…

Here is a list of the top 20 gold holding countries.

Rank Country Gold(tonnes)

1.    United States   10,792.6
2.    Germany   3,401.8
3.    Italy   2,451.8
4.    France 2,435.4
5.    China 1,054.1
6.    Switzerland 1,040.1
7.    Russia 775.2
8. Japan 765.2
9.    Netherlands 612.5
10. India 557.7
11. Taiwan     423.6
12.    Portugal     382.5
13.    Venezuela   363.9
14.    Saudi Arabia     322.9
15.    United Kingdom     310.3
16.    Lebanon   286.8
17.    Spain   281.6
18.    Austria     280.0
19.    Belgium   227.5
20.    Philippines   175.9

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