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Daily Credit Summary: October 6 - Aussie Rules, Fisk Drools

Wed, 07 Oct 2009 00:30:23 GMT

Spreads are mixed in the major indices today as single-names lagged any underperformance intraday and credit notably underperformed equities all day. Aside from very early trading tights in IG12/13, the on-the-runs were unable to break yesterday's tights (while SPY managed to gap up and hold well off yesterday's highs). Intraday ranges in IG and HY remained very muted again despite a pick up in volumes (as talk was of elevated activity in rolls and curves once again).[More...]

An Australian Dollar Play on China’s Growth

Mon, 31 Aug 2009 19:48:33 GMT

An Australian Dollar Play on China’s Growth Tony Daltorio, The Investment U Research Team Despite the continuing negative sentiment toward China from much of Wall Street, China’s remarkable economic growth continues unabated. While Wall Street “experts” focus solely on the export-oriented eastern cities in China, they are missing the rapid growth occurring in other parts of China with the government’s “Go West” program. And let’s not forget that within a few years, the size of China’s middle class will exceed the entire population of the United States. However, there are still many investors who are not comfortable investing directly in China and buying Chinese[More...]

The Next Big Thing For ETFs

Tue, 18 Aug 2009 15:40:00 GMT

Well, what I think should be the next biggest thing for the ETF industry anyway... On Squawk Australia on Tuesday morning (Australia time) a company called Fortescue Metals (FMG in Australia and maybe FSUMY on the US pinks) made a lot of news because of contract negotiations with China. If you watch CNBC Asia you might have heard of Fortescue before otherwise probably not. Fortescue is one of a zillion, by my count (ahem), of small or mid cap materials companies out there that are not easily accessed by US based investors. As I say small or mid cap they may not be that small in their own country, for example Yara International (YAR in Norway, YARIY on the pinksheets) has an $8 billion market cap according to the Businessweek quote page which is big for Norway but doesn't make it big enough to make a dent in the iShares Global Materials ETF (MXI) which some clients own. Buying MXI or the similar[More...]

Mr. Obvious: Looks Like It's a Breakout

Thu, 23 Jul 2009 15:53:08 GMT

It doesn't take a rocket scientist to see today is a trend day. Zoom zoom zoom up all day. Once we broke that "double top" (early June and the past few days) we spoke about yesterday, the super computers rushed in (HAL9000) and the humans joined. I was using S&P 959 as my "breakout" point, and it appears that about 10 million other humans (and microchips) were as well. [More...]

Investing In Commodities: How To Buy Gold During Secular Market Cycles

Thu, 23 Jul 2009 01:28:18 GMT

Investing in Commodities: How to Buy Gold During Secular Market Cycles by Peter Krauth, Contributing Editor Editor’s Note: With the incredible amount of interest in buying gold and investing in commodities, we’ve turned to Money Morning commodities expert Peter Krauth to give us an idea on where we are in regards to their historic cycles and how investors can take advantage of where we are right now… There’s never been a better time to begin investing in commodities. That’s a very simple statement, but it’s backed by three powerful points: Commodities tend to do well when more popular investments (with retail investors) are doing poorly, and when economic conditions[More...]

Best International Dividend Stocks

Wed, 10 Jun 2009 16:13:00 GMT

In a previous article I provided a list with the best dividend stocks for the long run. Since the list included only US stocks several readers asked for a similar list with international dividend growth stocks instead. Furthermore, I am also looking to expand my portfolio to include at least some allocation to [More...]

One Stop Shopping For 'Energy' Exposure: Blackrock Energy And Resources

Tue, 09 Jun 2009 21:34:18 GMT

Let me preface this piece by saying I stole this specific instrument from Jeffrey Saut, who mentioned it in his weekly missive. Long time readers will know I've mentioned this market has become all about asset allocation, and sectors - I noticed this late in 2007 when we were hiding out in commodities while many other sectors were imploding but other than a few periods when "everything" is going down (or up) it appears a lot of individual stock selection is going out the window and "sectors" are more important. Some themes are broad like "China" or "commodities" (which in many ways are now the same theme), where others are narrower such as "casual dining restaurants". I don't know if its the dominance of program trading or the growing popularity of ETFs but this seems to be a secular change in the[More...]

The Stock Market's Illusion And The Obama Effect

Mon, 08 Jun 2009 17:18:54 GMT

"Wall Street Rally Takes a Pause" seems to be the consensus headline for the beginning of this week. Nothing too dramatic so far unless you own shares of U.S. Steel (NYSE:X) down around 5% as of this moment, Genco Shipping and Trading (NYSE:GNK) down today over 6%, BHP Billiton (NYSE:BHP) down close to 5%, or any of the silver producers or royalty stocks like Silver Standard Resources (Nasdaq:SSRI), Pan American Silver (Nasdaq:PAAS), and Silver Wheaton (NYSE:SLW), all down around 5% so far.[More...]

South America : Copper Cartel On The Horizon ?

Tue, 10 Mar 2009 08:10:00 GMT

With global copper prices sinking from a 2008 high of $4 per lb, down to todays miserly, $1.25 per lb, it is hardly surprising that the two major copper producing countries in South America are looking at ways to buoy up their operations. Last week, Peruvian president Alan Garcia dropped some strong hints that Peru & Chile should coordinate on copper production , in order to achieve greater control of prices on international[More...]

Rio Tinto Gets $19.5B Infusion from China

Fri, 13 Feb 2009 20:26:00 GMT

Chinalco investment gives some liquidity breathing room to a company saddled with $39 billion in debt from a prior acquisition. Stephen Taub - CFO.com | US February 12, 2009 The Aluminium Corporation of China has agreed to invest $19.5 billion in Rio Tinto, a deal that gives the mining giant desperately needed liquidity and provides China access to a major supply of natural resources. Under the deal, the Chinese company, also called Chinalco, will invest $12.3 billion in aluminium, copper, and iron ore joint ventures. In addition, Rio Tinto will issue $7.2 billion of subordinated convertible bonds. If they’re converted, Chinalco’s stakes would increase to 19 percent in the company’s U.K. operation, Rio Tinto plc, and 14.9 percent in Australian subsidiary Rio Tinto Ltd.. Combined, it would be an 18 percent ownership position. The deal “raises significant funds at a time when financial[More...]

Risk-level labelling a must

Wed, 04 Nov 2009 23:46:00 GMT

Nov. 4--Securities regulators have launched new regulations aimed at helping retail investors better understand the potential risks of mutual funds.
Thirachai Phuvanatnaranubala, the secretary-general of the Securities and Exchange Commission, said the Association of Investment Management Companies have agreed to support the new rules as a means of simplifying information for investors.
Mr Thirachai said given the growing complexity of the financial markets and fund products, it is vital that investors understand potential risks.

[More...]

Chinese Bank Plans Total Acquisition of ACL Stock

Thu, 01 Oct 2009 20:47:00 GMT

Oct. 1--Industrial and Commercial Bank of China will likely acquire all shares in Thailand's ACL Bank after completing a share sale agreement with a major shareholder.
Bangkok Bank yesterday announced that it had agreed to sell its entire 19.26 percent stake in ACL Bank to ICBC, the world's largest bank in terms of total assets, at 11.50 baht per share.
The Chinese bank will make a conditional tender offer to all ACL shareholders at the same price.

[More...]

Mutual Fund Sector Swells: Value to Reach 20% of GDP By Year-End

Fri, 21 Aug 2009 14:47:00 GMT

Aug. 21--The size of the mutual fund industry could grow to 20 percent of gross domestic product by the year-end, as public understanding of funds and personal investment has continued to grow.
Voravan Tarapoom, the president of the Association of Investment Management Companies, said total assets under management stood at 1.756 trillion baht, or 16.9 percent of GDP, in July.
"The industry has continued to grow steadily over the past several years.

[More...]

Cash Rich BBL Says Rates to Stay Flat in H2

Thu, 20 Aug 2009 18:50:00 GMT

Aug. 20--Bangkok Bank will likely keep its interest rates unchanged until the year-end due to plentiful liquidity, says president Chartsiri Sophonpanich.
He said ample liquidity in the banking system meant the industry and the bank faced no pressure to adjust rates until the end of 2009.
With the surplus liquidity BBL was ready to lend the government funds to support its "Strong Thailand" stimulus programme, he said.

[More...]

BBL Revenue to Remain Strong Despite Rate Cut

Thu, 13 Aug 2009 18:52:00 GMT

Aug. 13--Bangkok Bank expects to see little impact on its revenue from its move to cut credit card interest rates, according to a senior executive.
BBL, the country's largest bank, surprised the markets last month by cutting its credit card rates to 18 percent per year from the 20 percent maximum permitted by regulators.
The bank made the rate cut to reduce the financial burden on customers during the economic downturn, said Shoke Na Ranong, a senior executive vice-president at BBL.

[More...]

BBL Loan Growth Stagnant

Thu, 30 Jul 2009 21:50:00 GMT

Jul. 30--Bangkok Bank may post zero loan growth this year after seeing its outstanding loans fall by 6.26 percent in the first half.
The forecast is based on the economy posting a contraction of 3-4 percent this year.
BBL, the country's largest bank, had outstanding loans of 1.1 trillion baht as of June, down from 1.18 trillion at the end of 2008.

[More...]

H1N1 May Boost Health Stocks

Thu, 16 Jul 2009 15:47:00 GMT

Jul. 16--Health-care providers may see benefits from the H1N1 influenza outbreak, resulting in improving revenue for listed hospital companies in the second half of the year, according to Poramet Tongbua, head of equity research at Tisco Securities.
He made the comment yesterday at a seminar highlighting an in-depth study of 30 stocks in the FTSE SET Large Cap Index.
The ThaiDEX FTSE SET Large Cap ETF (TFTSE) is an exchange-traded fund (ETF) that will invest in 30 companies in the FTSE SET Large Cap, similar to an index fund.

[More...]

BBL Agrees to Sale of Stake in ACL Bank

Tue, 30 Jun 2009 15:48:00 GMT

Jun. 30--Bangkok Bank has finalised the sale of a 19 percent stake in ACL Bank to the Industrial and Commercial Bank of China.
Reports that the deal was near to closing helped push ACL shares up 11.43 percent yesterday on the SET.
Kosit Panpiemras, executive chairman for BBL, said talks between BBL and ICBC have been completed.

[More...]

Thai Mutual Funds Still Finding Takers: Holders See Dwindling Assets

Thu, 05 Mar 2009 16:49:00 GMT

Mar. 5--The Thai mutual fund industry has been relatively unscathed by the global financial crisis, with local operators adapting quickly to today's volatile markets in adjusting their product offerings for investors.
Voravan Tarapoom, the chairwoman of the Association of Investment Management Companies, said assets under management at the end of 2008 were 1.35 trillion baht, down 5 percent from 2007.
"Another key factor for the success of the fund industry has been the support from the Stock Exchange of Thailand over the past several years," said Mrs Voravan, who is also the managing director of BBL Asset Management.

[More...]

New Life for Development on the Mohawk: After Delays, Plan Calls for Marina, Condos, Park on Beach Road

Tue, 03 Feb 2009 10:48:00 GMT

Feb. 3--HALFMOON -- A long-delayed idea to redevelop property along the Mohawk River has fresh life under a new plan submitted to the town.
The proposal from Krause Properties LLC and Halfmoon Beach Properties LLC calls for 244 condominiums in six buildings, a marina with 75 boatslips and a public park with a boat launch -- all on the 36-acre site of Krause's Restaurant & Grove.
The Beach Road proposal would radically transform a semi-rural section of town with a development unlike any other in Halfmoon.

[More...]

Mad Dog South Well Encounters Significant Hydrocarbon Pay

Fri, 17 Jul 2009 13:57:00 GMT

BHP Billiton announced today that the Mad Dog South (826-5) appraisal well and sidetrack, drilled and operated by BHP Billiton, had encountered significant hydrocarbon bearing reservoir. The 826-5 well is located on Gulf of Mexico Green Canyon block 826 approximately 100 miles (160 kilometers) south of Grand Isle, Louisiana, in approximately 5,100 feet (1,554 meters) of water. The well encountered 280 net feet (85 meters) of hydrocarbons in the objective, Miocene, hydrocarbon bearing sands. The subsequent sidetrack reached a total measured depth of 27,143 feet and discovered an oil column of more than 2,200 feet (670 meters).[More...]

Global Resource Corporation Issues Letter to Shareholders

Mon, 13 Jul 2009 13:54:00 GMT

I wanted to immediately communicate with shareholders and update them on the company's progress and outlook.
This letter contains forward-looking statements regarding Global Resource Corporations' business strategies and future plans and speak to anticipated future actions, results or projections.
Global Resource Corp. (PINKSHEETS: GBRC) is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms.

[More...]

BenchmarkJournal.Com (Complimentary) Analyst Review for HAL, BBL, RTP and UA

Mon, 02 Feb 2009 15:18:00 GMT

Benchmark Journal brings independent company and sector research together, utilizing top financial advisors and investment tactics to provide you with a clear picture of investment opportunities.
Our company profiles will be at your fingertips, presented in a clearly laid out format that allows you to easily comprehend the dynamics of our featured companies.
Today we began tracking Halliburton Company (NYSE: HAL), BHP Billiton plc (NYSE: BBL), Rio Tinto plc (NYSE: RTP) and Under Armour, Inc. (NYSE: UA).

[More...]

BridgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on T, BBL, RDS-B and PDE

Tue, 30 Dec 2008 15:10:00 GMT

BridgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
Once you sign up as a free member you will have free unlimited access to all our reports, research tools and more.
We have recently begun in-depth analysis of the following equities & their respective sectors:

[More...]

BHP Billiton Petroleum Acquires Exploration Rights Onshore Colombia

Mon, 29 Sep 2008 17:28:00 GMT

BHP Billiton Petroleum (NYSE:BHP) (NYSE:BBL) announced today that it has acquired exploration rights to an onshore block of approximately 7,750,000 acres in the Llanos Basin, Colombia. The Company signed a Technical Evaluation Agreement with the Agencia Nacional de Hidrocarburos (ANH) to explore block CPE-5.[More...]

Stocks in Focus on Today's Edition of 'Before the Bell:' ACI, BBL, CCJ, JHX, TXI

Mon, 07 Apr 2008 15:00:00 GMT

"Before the Bell" is a daily podcast hosted by editor, Bobby Ilich that airs Monday through Friday at 8:45 a.m. EDT on http://radio.wallst.net/profile.php?id=192.[More...]