In a letter to the SEC, the NYSE recommends the agency shorten the reporting deadline for 13F filings to 2 days from 45. Currently, a 13F form listing holdings is required from investment mangers with $100M or more in AUM within 45 days of the end of each quarter. [View news story]
Kudos, definitely not 45 days, 7 days or less for sure.
Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) [View news story]
DOJ is going after S&P first. The others as Moody will follow with punishment and prosecution tactics learned.
Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) [View news story]
Most investors buy securities based on ratings and risks from S&P and Moody. It was criminal that they rated those zero down CDOs triple A as T-bills and T-notes.
Retailers in 40 different states can now charge consumers an extra 1%-4% for paying with a credit card as long as they disclose the fee. The extra fee is a byproduct of an anti-trust case settlement with MasterCard and Visa in which the credit card giants were alleged of conspiring to hold back the fees stores can charge. Retail analysts expect large companies such as Wal-Mart, Target, and Costco to refrain from tacking on the fees, but it could be open season for smaller chains and independent shops. [View news story]
No reason why retailers shouldn't recoup the fees collected by the Credit Card giants. As is, the cost is absorbed by the retailer, cash payers and credit card users, transactions from less than $1 to $thousands. The cost is hidden so the card companies continue to skim off the consumers and retailers.
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
At about 1b share, current share price of $500 is about $200 billions lost in Apple's market cap from its peak a few months ago.
No one would risk losing $200b opportunity on shoddy analysis or lousy odds.
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
If you upgrade to iPhone 5 this year to replace last year's iPhone 4, Apple gets $400 from this year, same revenue as last year. However, if you upgrade along with a new customer Mr. Chan, Apple's top line grows by $400 over last year.
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
Yes, That's for existing customers. Growth comes from new customers. Fact that Goldman shows no data for that is telling by itself (I shall not believe that Goldman does not have the data.)
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
Like to see Goldman takes up a big position at these prices. If they don't or play any call/put games, SEC to throw the book on them.
Fed Beige Book: "Trends in wages, prices, and employment conditions were relatively unchanged in the Federal Reserve Districts." Holiday sales grew modestly vs. last year, but were below expectations in the New York, Cleveland, Atlanta, Chicago, and San Francisco Districts. [View news story]
Meaningless unless they include net sales ... I probably bought as much in the stores as via Amazon.com
Windows 8 (MSFT) receives a big vote of confidence from the DoD, which says it will deploy the OS as part of a massive deal with Microsoft that covers nearly 75% of its ~450K personnel. Many enterprises and institutions have declared themselves uninterested in adopting Win. 8, whose new UI makes many IT departments uneasy. However, some IT security experts have argued the OS' new features, such as Refresh and Secure Boot, will make it more secure than Win. 7. Office 2013 and SharePoint are also covered by the deal. (PR) (Argus downgrade) [View news story]
Another Japanese automaker plans to shift production to North America with Mazda (MZDAY.PK) saying it will build vehicles for both itself and Toyota (TM +1.6%) at a plant in Mexico. Due to the strong yen and improvements in North American manufacturing capabilities, the east-to-west trend is strengthening. [View news story]
LOL,
Yen has depreciated from the low 70's to mid 80's in the past few weeks. BTW the japanese builds the US plants, who knows how much stronger yen may get, or not.
Among the trading myths revealed in 2012, writes Ryan Detrick is that a "low" VIX (VXX) is bearish. Anyone who thinks the VIX below 20 shows unusual complacency doesn't have charts going back more than 5 years, he says. Another: That low volume is bearish. Dollar-volume is a fairer indicator, and it's higher now than it was during the 2003-07 run. Put another way, if Apple and Google split 10:1, low volume goes away. [View news story]
Yeah, but back then, the big volume drivers like bac jpm c ms gs were not cheap as today.
"Good grief," is Patrick Chovanec's response to HSBC's saying "China may have to rely more on investment to stimulate the economy," following the release of very weak export data. More empty cities coming? [View news story]
That is the obvious pressing matter with Global slow down and for demand for both import and domestic goods.
In a letter to the SEC, the NYSE recommends the agency shorten the reporting deadline for 13F filings to 2 days from 45. Currently, a 13F form listing holdings is required from investment mangers with $100M or more in AUM within 45 days of the end of each quarter. [View news story]
Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) [View news story]
Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) [View news story]
Shares of Endo Pharmaceutical (ENDP +6.7%) have been halted due to volatility after spiking 6% higher in a matter of minutes. [View news story]
Retailers in 40 different states can now charge consumers an extra 1%-4% for paying with a credit card as long as they disclose the fee. The extra fee is a byproduct of an anti-trust case settlement with MasterCard and Visa in which the credit card giants were alleged of conspiring to hold back the fees stores can charge. Retail analysts expect large companies such as Wal-Mart, Target, and Costco to refrain from tacking on the fees, but it could be open season for smaller chains and independent shops. [View news story]
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
No one would risk losing $200b opportunity on shoddy analysis or lousy odds.
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so. [View news story]
Fed Beige Book: "Trends in wages, prices, and employment conditions were relatively unchanged in the Federal Reserve Districts." Holiday sales grew modestly vs. last year, but were below expectations in the New York, Cleveland, Atlanta, Chicago, and San Francisco Districts. [View news story]
Windows 8 (MSFT) receives a big vote of confidence from the DoD, which says it will deploy the OS as part of a massive deal with Microsoft that covers nearly 75% of its ~450K personnel. Many enterprises and institutions have declared themselves uninterested in adopting Win. 8, whose new UI makes many IT departments uneasy. However, some IT security experts have argued the OS' new features, such as Refresh and Secure Boot, will make it more secure than Win. 7. Office 2013 and SharePoint are also covered by the deal. (PR) (Argus downgrade) [View news story]
Another Japanese automaker plans to shift production to North America with Mazda (MZDAY.PK) saying it will build vehicles for both itself and Toyota (TM +1.6%) at a plant in Mexico. Due to the strong yen and improvements in North American manufacturing capabilities, the east-to-west trend is strengthening. [View news story]
Yen has depreciated from the low 70's to mid 80's in the past few weeks. BTW the japanese builds the US plants, who knows how much stronger yen may get, or not.
Among the trading myths revealed in 2012, writes Ryan Detrick is that a "low" VIX (VXX) is bearish. Anyone who thinks the VIX below 20 shows unusual complacency doesn't have charts going back more than 5 years, he says. Another: That low volume is bearish. Dollar-volume is a fairer indicator, and it's higher now than it was during the 2003-07 run. Put another way, if Apple and Google split 10:1, low volume goes away. [View news story]
"Good grief," is Patrick Chovanec's response to HSBC's saying "China may have to rely more on investment to stimulate the economy," following the release of very weak export data. More empty cities coming? [View news story]
4 Biotechs With Poor Balance Sheets [View article]
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