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This Day in MV History: 2011

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These articles were published on Minyanville.com on 06th May in History. Checkout how time flies, enjoy reading!

Chart Watch: Minyanville Buzz Charts

on May 06, 2011 7:45 am by Matt Theal

Below are some of the most-discussed charts on Minyanville's Buzz & Banter, presented without bias, claim, or injury. For in-depth commentary, analysis, and trading ideas in these stocks and much more, take a free two week trial to Buzz & Banter.Silver ETF (SLV)Click to enlarge Entegris (ENTG)Click to enlarge Oil Service Holders (OIH)Click to enlarge Men's Wearhouse (MW)Click to enlarge Fedex (FDX... Read More


Gold and Crude Oil Bubbles Have Popped

on May 06, 2011 8:30 am by Richard Suttmeier - The Street

Gold plunged $43.3 the Troy ounce on Thursday as this bubble has burst from an all-time high of $1577.4 set on Monday to a low of $1462.5 on Thursday above my semiannual value level at $1452.6. Crude oil got flushed by $9.87 per barrel on Thursday. Oil tested a multi-year high at $114.83 on Monday to this morning's overnight low at $94.63 my annual pivots at $99.91 and $101.92. Economically... Read More


Upgrades & Downgrades: Pepsi Set For Big Pop

on May 06, 2011 9:00 am by Justin Sharon

Stocks sank for a fourth straight day, something the S&P 500 hasn't seen since the frightful fall of 2008, amid cratering commodities and a steep sell off in oil. Markets were also unnerved by an unanticipated increase in initial unemployment claims, which suddenly stand at their highest level since last August, although first quarter productivity actually came in above expectations in s... Read More


Underlying Inflation in Brazil's Thriving Economy Scaring Investors

on May 06, 2011 9:15 am by Girish Gupta

Yet again, it is inflation that is scaring investors away from Brazil, one of the world's biggest economies which saw 7.5% growth in 2010. Its currency, however, has risen 40% against the US dollar in just two years along with 6.4% inflation. Among other things, this has led to movies selling at $15, caipirinha cocktails for over $16 a go, and a room at the Marriott Renaissance hotel in S&ac... Read More


How Baby Boomers Will Grow the Home Improvement Market

on May 06, 2011 9:30 am by Stephanie Taylor Christensen

The home improvement industry peaked in 2007, well after the housing bubble burst, but before the financial system came crashing down. Back in those days, lenders like Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) urged borrowers to tap into equity lines of credit for home improvement projects (and practically anything else they wanted to spend the money on). But alas, housing values p... Read More


Does Intel's 3-D Assault Make ARM a Sell?

on May 06, 2011 9:45 am by Michael Comeau

Yesterday, IDC said smartphone unit sales grew 80% in the first quarter, following a booming 2010 that saw the industry expand by a whopping 74%. And PC-chip giant Intel (INTC) desperately wants in as this mobile-computing boom leaves the old-school computer market in the dust. As of now, the overwhelming majority of smartphones and tablets are powered by chips based upon designs from ARM Holdings... Read More


Financial Markets: The Good, Bad and Ugly

on May 06, 2011 9:50 am by Todd Harrison

Go figure; the financial media dutifully explained all week why this month's payroll data was poised to disappoint on a few fronts. With the S&P having closed yesterday below the all-important 1340 level, the stage was set for collective fret. So what shot does the BLS up and pull? Better than expected job growth in April (thanks, in some ways, to McDonald's (MCD) which hired 62,000 folks... Read More


Oil Consumption Demand Destruction Vs. Speculative Futures Positions

on May 06, 2011 10:00 am by Mike Mish Shedlock

Commodities got smacked hard across the board on Thursday, May 5 with silver and crude leading the way. Silver is now down close to 30% from the peak, and crude is down close to 13% from the peak four days ago. The rest of this post deals specifically with crude.West Texas Intermediate Daily ChartDiscounting the civil war in Libya and Middle East disruption concerns in general, there is no fundame... Read More


Oil Prices Plunge: Why Gas Might Not Kill the Recovery

on May 06, 2011 10:15 am by Minyanville Staff

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Feel free to send along your own suggestions for blog content that you've read or written.The Curious CapitalistLink: Oil Prices Plunge: Why Gas Might Not Kill the Recovery"According to the oil price spike of 2008, whenever gas prices hit $4 a gallon, the economy flips ou... Read More


Mexico's Supreme Court Slams Slim

on May 06, 2011 10:30 am by Girish Gupta

The Supreme Court in Mexico has stamped down on world's richest man Carlos Slim' America Movil (AMX), saying that recent watchdog rulings cannot be ignored. The company has been in much trouble recently on allegations of anti-competition practices. At the end of April, subsidiary Telcel was forced to pay a $1 billion fine for monopolistic practices which allowed it a 71% market shar... Read More


Random Thoughts: Full Disclosure in Silver

on May 06, 2011 11:05 am by Todd Harrison

There's a lot going on in my home these days following my first cohabitation six months ago; two tremendous seven-year-old twins, three frisky kitties, a great gal, and a baby due a week from Tuesday. In a conscious effort to balance, I've made a concerted attempt to leave my work at the office and focus on the important stuff once I walk through that door. Old-school Minyans know this has been... Read More


Savient Sinks, but Will It Fall Further?

on May 06, 2011 11:20 am by Brett Chase

Savient Pharmaceuticals' (SVNT) stock took a big hit Thursday, dropping 23% after the company reported a bigger-than-expected loss in the first quarter. The company said the loss was due to additional costs related to the launch of gout drug Krystexxa. The shares are down 1% Friday, trading at $8.50 in morning trading. They're down more than a third in the past year. A buying opportuni... Read More


Citigroup Reverse Split Ready for Launch

on May 06, 2011 11:35 am by Maria Woehr - The Street

Citigroup (C) will conduct a 10-for-1 reverse stock split at market close on Friday, pushing active traders off the bank's shares and knocking down overall trading volume in the markets. "We think in a reasonable downside case it could reduce overall consolidated tape volumes by five percent," said Sandler O'Neill analyst Richard Repetto. "This is going to impact the big broker dea... Read More


RIM's New Marketing Exec, Demand's Big Jump

on May 06, 2011 11:45 am by James Rogers - The Street

Research in Motion (RIMM) said Thursday that it had named Roger Baxter as its new vice president of brand and marketing communication. He replaces Paul Kalbfleisch who is the second high profile departure from RIM's marketing departure in the last several months. In March chief marketing officer Keith Pardy left the company just prior to the launch of its new PlayBook device. Shares of RIM rose 1... Read More


BLS Jobs Report: Nonfarm Payroll Headline Number Good, but Only on Surface

on May 06, 2011 12:35 pm by Mike Mish Shedlock

Thoughts on the Jobs ReportOn the surface, this was the third consecutive solid jobs report, not as measured by the typical recovery, but the best back-to-back reports we have seen for years. The Payroll Survey Establishment Data showed employment up by 244,000.At that pace of hiring, the unemployment number would ordinarily drop, but not fast.Instead, the unemployment rate ticked up. The reason i... Read More


Silver's Fall Is Shot Across the Bow to the Market

on May 06, 2011 1:00 pm by Erik Swarts

It's comforting to know that the market still conforms to both natural (gravity) and social (Darwinism) law. And while I would never wish liquidation by margin to any fund or market participant, surely the thicket of fast money extraordinaires has been thinned appreciably.We thank them for their months of service to the liquidity spigot and bid them farewell and good luck. We are all better off wi... Read More


Is the Age of America Ending in 2016?

on May 06, 2011 1:15 pm by Benzinga.com

It seems inconceivable in Washington or New York, but across the globe, financial experts believe that China will supplant America as the dominant economy by 2016. According to an International Monetary Fund report, China's economy is expected to grow from $11.2 trillion to $19 trillion, while America's economy will only rise from $15.2 trillion to $18.8 trillion.The idea that China will eventuall... Read More


Freefall in Silver, What's Next?

on May 06, 2011 1:30 pm by Przemyslaw Radomski, CFA

Silver was one of the top priorities for many of precious metal traders until last week. However, the silver market witnessed dramatic turbulence in recent days. Let's examine what has happened in the silver market in detail. Two weeks of gains for silver were erased in only 11 minutes this Monday as markets opened for electronic trading in Asia with prices falling as much as 12 per cent in... Read More


Food Prices Set New All-Time High -- Again

on May 06, 2011 2:20 pm by Ryan Krueger

My oldest daughter had to frantically help me find the cooking oil last week for my "happy face pancakes" so her younger sister could poke the chocolate chip eyes out instead of mine if she had to wait any longer. I have been trying to find a lot of ingredients over the past month after taking over as chef when their littlest sister was born. My, oh my, how things have changed in the k... Read More


Understanding the Yuan-US Dollar Relationship to Precious Metals and Commodities

on May 06, 2011 2:45 pm by Jeb Handwerger

In early January of 2011, a top secret candlelight dinner was held at the White House. There was no fanfare. Present were the industrial, military and governmental heads of both China and the United States. Our government had just digested the failures of Lehman Brothers, AIG and other corporate icons by creating massive bailouts and running up trillion dollar budgetary deficits. China was also co... Read More


Buzz on the Street: Silver Suffers Historic Tumble

on May 06, 2011 4:15 pm by Terry Woo

All day and every day, some of the stock market's best and brightest traders and money managers share their ideas, insights and analysis in real-time on Minyanville's Buzz & Banter. Click here for a 14 day free trial.Note: Some links may require Buzz subscriptions.Monday, May 2, 2011Flash Order!Todd HarrisonLate last week, with silver ticklin' $50, I communicated that I "let out&quo... Read More


Trading Radar: Will Precious Metals, Commodities Return to Normal?

on May 06, 2011 4:30 pm by Matt Theal

This past week was rough for stock market bulls as commodities and the S&P 500 were hit with selling pressure. Next week traders will focus on gold, silver, and other commodities to see if all returns to normal. As for US economic data on Friday watch for the CPI report and then the PPI on Thursday. On Tuesday China will report most of its economic data. As for earnings, they are starting to w... Read More
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