Today Ford Motor Company reported a significant growth in its Chinese division sales for the first six months of 2010, delivering its "best ever" first-half new vehicle sales
But Ford (NYSE:F) reported June sales numbers which fell short of analysts’ estimates as wary consumers avoided large purchases during the month.
Wal-Mart Stores Inc. has taken another step toward building its second Supercenter in Palm Coast.
The Arkansas-based retail giant recently closed on the purchase of 31 acres along Old Kings Road for about $5.9 million from Old Kings Interchange Inc., according to county records.
Reason 1 to look at selling Apple is the market. If you believe my former employer's research, William O’Neil & Co. and founder of Investor’s Business Daily, then 3 out of 4 stocks follow what the market does. This is true but our research shows that the numbers are much higher than 75% during the heavy selloff days and during markets that are transitioning from a Bull market to a Bear market.
Reason 2 to consider selling Apple is just take a look at the chart. Apple hit new highs in April and has been trading back and forth in a 15%-20% range ever since (excluding the Flash Crash low which was much lower). On June 21, we hit a new high but that breakout failed miserably like most breakouts do in bearish markets. The rally that led up to that high was on light volume, and now the selloff seems to be accelerating on heavier and heavier volume each day.
Shares of BP rose Monday as a tropical storm seemed to be moving away from rigs tending to the massive oil spill off the Louisiana coast.
Analysts, however, remain concerned about the escalating cost of the cleanup, tempering any rally.
BP shares added 21 cents, or less than 1 percent, to $27.23 in afternoon trading after hitting a high of $28.03 in the morning. That gain recovers just a tiny fraction of the more than $100 billion in market value lost since the April 20 blowout that sunk the Deepwater Horizon.
Traders and investors are always looking for leading indicators to get an idea of where price is headed. There are several indicators available attempting to do just that. What about companies whose stock price leads stock indices?
Google (GOOG: 472.98 +0.30 +0.06%) has been leading most market indices including the S&P 500 index or its ETF equivalent (SPY: 107.76 -0.1075 -0.10%) for several months. Looking back to the lows after the major drop in 2008, we see that GOOG bottomed out on 11/21/08 about 70 trading days before SPY bottomed on 03/06/09. You can see that in March of 2009, SPY made its lowest low, however, even though GOOG made a low, it was a higher low than the swing low made on 11/21/08. GOOG was already showing signs that the trend was changing from a down trend long before SPY showed similar signs.
General Electric has the Lowest Relative Performance in the Industrial Conglomerates Industry
Below are the top five companies in the Industrial Conglomerates industry as measured by lowest relative performance. This analysis was based on yesterday's trading activity as we search for stocks that could be relative bargains.
General Electric (NYSE:GE) ranks first with a loss of 1.13%; Carlisle Cos (NYSE:CSL) ranks second with a gain of 0.44%; and 3M (NYSE:MMM) ranks third with a gain of 0.92%.
One year and five calendar days before the deadline for the reverse stock split, planned a year ago, Sirius XM Radio Inc. (NASDAQ:SIRI, SIRI message board) stock spilled in lieu of the stock split.
On Friday, SIRI shares suddenly rose by 1.87% on the skyrocketing more than 361 M volume.
Being presented in online financial magazines as one of the most active NASDAQ traded stocks, during the week SIRI shares were climbing up slowly on the trading activity of devoted investors.
Shares of Zion Oil & Gas (NASDAQ:ZN) traded at a new 52-week low Friday of $4.91. Approximately 1.2 million shares have traded hands Friday vs. average 30-day volume of 120,000 shares.
Zion Oil & Gas closed at $4.93, approximately 10.9% below its 50-day moving average of $5.54. SmarTrend will be monitoring shares of ZN to see if this bearish momentum will continue.
Shares of Myriad Genetics (NASDAQ:MYGN) traded at a new 52-week low yesterday of $16.38. Approximately 3.2 million shares have traded hands yesterday vs. average 30-day volume of 1.9 million shares.
Myriad Genetics closed at $16.42, approximately 19.3% below its 50-day moving average of $20.34.
Shares of Albany Molecular Research (NASDAQ:AMRI) traded at a new 52-week low yesterday of $5.40. Approximately 66,000 shares have traded hands yesterday vs. average 30-day volume of 63,000 shares.
Albany Molecular Research closed at $5.43, approximately 26.5% below its 50-day moving average of $7.39. SmarTrend will be monitoring shares of AMRI to see if this bearish momentum will continue.
In approximately 1 week, Rambus has returned 9.4% as of today's recent price of $18.74.