Wednesday, September 29, 2010
Resource Exchange of America (OTCBB:RXAC):Infrastructure Play Via Scrap Metal
This prompted me to look for some infrastructure plays and I found a small company in our niche Resource Exchange of America (OTCBB:RXAC), a Florida-based recycling company who’s CEO recently commented on President Barack Obama’s proposed plan to spend $50 billion to renew and expand America’s roads, railways and runways. The need for scrap metal and other matierials falls right into the wheel house for them.
“A proposed plan for revamping the entire U.S. infrastructure would have a positive effect on our roads and railways, but would more importantly serve to create jobs all over America from our perspective, there is of course the added dimension that rebuilding many thousands of miles of roads (enough to span the Earth six times), and constructing thousands of miles of rails would require a significant amount of steel,” comments Dana Pekas, CEO.
”We hope to be in a position to supply at least a miniscule portion of the anticipated scrap metal that will be needed for such an undertaking,” Mr. Pekas concluded.
Tuesday, September 28, 2010
With 675,000 DOWNLOADS in 91 COUNTRIES GPS TRACKING APPS LEADER GTX Corp (OTCBB: GTXO) LAUNCHES 3 NEW GPS AND LBS APPS
Los Angeles, CA September 28, 2010 (GLOBENEWSWIRE)--GTX Corp (OTCBB: GTXO.OB) business unit LOCiMOBILE, Inc. is launching a series of GPS and personal location - based “apps” and web services solidifying its leadership position in the mobile LBS market, which mobile carriers are calling “Pure Gold”.
The new apps all have a GPS component and are designed to add the “where is” factor to functionality. A potential block-buster, the Company launched on the Android market place Phone Tracking ™ in case you lose or misplace your phone. More than 70 million phones are reported lost or stolen in the US each year but while the loss of a phone may be annoying the loss of personal and business data could be devastating. This $4.99 app is designed to work in the background and can be activated to turn on remotely in the event you misplace your phone. The real-time tracking and recovery feature is activated by either texting your phone or by going to the Company viewing portal www.gpstrackingapps.com The cool part is this app is actually activated remotely by texting your phone a PIN or password. Upon receipt of the password your phone will begin sending its location coordinates back to the website every minute or to the phone you are texting from, after each text request.
The Company is also about to launch a new live tracking version of its popular Tracking App which will work in the background on Apples 4.0 OS. Live Tracking ™ already available on Android and BB will be part of the web-based service and offers cross-platform, real-time GPS tracking of friends and family, kids and co-workers.
Entering the photography category GPS Camera ™ which GEO tags and time stamps your photos and enables you to upload them to Facebook or email to friends is expected to go live on iTunes any day. “The ability to see all your digital pictures 5 years from now, displaying exactly where and when that great shot was taken, is a modern adaptation of our parents writing on the back of that old black and white photo (Grand Canyon Spring 1977)” said Carlos Briceno VP of Business Development.
With Juniper Research supporting the theory that mobile LBS is going to become disruptive technology and could drive revenues to more than 12.7 billion with 1 billion smart phones by 2014, the Company is aggressively increasing app development and launching new apps, positioning for a strong presence in the mobile market with a diverse product line, increased global user base, brand recognition and revenues.
ABOUT GTX CORP WITH YOU ®
GTX Corp (OTCBB: GTXO.OB) a leader in embedded real-time GPS Tracking personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. Known for its game changing patented micro GPS device in a shoe – the patented GPS Smart Shoe™ and its block-buster smartphone GPS Tracking App which hit number two on the iTunes top grossing chart, the Company continues to pave the way with innovative geo specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the "better people finder", GTX Corp owns and operates LOCiMOBILE, Inc. which develops location based social networks (LBSN) mobile applications for smart phones, Code Amber News Service, and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and website properties. GTX Corp is well positioned to capture the PLS Market through its diverse product platform, licensing model, brand recognition, traction in the market and strategic partners.
About World Market Media
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Monday, September 27, 2010
BioLase Technology (NASDAQ:BLTI) Shares Nearly Double after New Order and Restructuring News
BIOLASE announced today that Henry Schein, Inc. (NASDAQ:HSIC) has placed an irrevocable $9 million open purchase order for BIOLASE products, $6 million of which will be for the purchase of the revolutionary iLase personal laser, with an option for an additional $3 million of iLase or for other laser systems, including the flagship Waterlase MD Turbo. This purchase order is expected to be fulfilled by June 2011. Deliveries are to start immediately, and are expected to increase over the course of the 2010 fourth quarter and thereafter. As part of the distribution agreement, Henry Schein has agreed to engage in a substantial marketing campaign to launch the iLase product line throughout North America.
Federico Pignatelli, Chairman and CEO of BIOLASE, commented, "The iLase is a breakthrough product. It is the first completely self-contained, hand-held dental laser that includes the laser, user interface, battery power, and controls in a single, integrated handpiece, without foot pedals or cords. We are proud to have such a well-recognized dental distributor as Henry Schein to endorse our latest product, and to support in a very meaningful way the adoption of laser technology in the dental field." Pignatelli continued, "What is particularly noteworthy about the iLase product is that it can be used, not only by a dentist, but by a dental hygienist as well. This brings the potential number of users to 250,000 in North America alone."
The iLase has 10 completely pre-set soft tissue and hygiene procedures at the push of a button, including gingivectomy, troughing for crown and bridge procedures, and sulcular debridement (a procedure for cleaning between gums and teeth for the treatment of periodontal disease). The iLase has five full watts of power, a 940nm wavelength, and uses BIOLASE's proprietary, multi-diameter/length bendable tips. The iLase has a comprehensive set of 25 FDA-cleared soft tissue and hygiene procedures.
The iLase is a major product introduction for BIOLASE, with a retail price of $4,995. Pignatelli concluded, "We believe that the iLase has the potential to be the dominant diode dental laser. The proprietary disposable tips create another significant revenue stream for BIOLASE, as each dentist on average could generate approximately $3,000 of additional annual revenue for the Company."
BIOLASE, the world's leading dental laser company, is a medical technology company that develops, manufactures and markets lasers and related products focused on technologies that advance the practice of dentistry and medicine. The Company's products incorporate patented and patent pending technologies designed to provide clinically superior performance with less pain and faster recovery times. BIOLASE's principal products are dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. Other products under development address ophthalmology and other medical and consumer markets.
What to Know Before Trading Today!!!
*The August reading of China’s Leading Index was down a couple tenths to 101.91, the sixth consecutive decline for this economic measure.
*The August reading of Japan’s Balance of Trade was a surplus of Y589.7 billion, down 0.9% from the month before. Exports were up 15.8% from last August, but fImports grew 17.9% in the last year.
*There are a couple of Fed surveys set for today. The August reading of the Chicago Fed National Activity Index is due to released at 7:30am CDT, it is expected to be -0.50, down from an unchanged result in July. The September reading of the Dallas Fed Manufacturing Activity Index is due out at 9:30am CDT, it is forecast to improve to -7.0 from -13.5 the month before.
*The Treasury plans to sell $36 billion 2 Year Notes today, the results of the auction will be announced just after noon CDT.
Wall Street: Money Never Sleeps
Shia LeBouf played the new millennium Bud Fox (Charlie Sheen had a cameo) as a husband to Winnie Gecko and a Wall Street tomcat that has an eye for Alternative Energy. The CEO of the AltEnergy Company was the weird lookin Doctor in Forest Gump who made the funny sounds.
Shia is a great leading man in 2010 and no doubt this movie will gross more than $300 million, and bless you Oliver Stone, not because every movie you make… but because every movie you make … is able to capture a piece of its time and transform the screen into a portal. In this case the portal was 2008.
2 things were clear watching this movie 1.) Michael Douglass was going thru some shit after the death of his son and looked haggard, and 2.) The events of 2008 /market/housing crash influenced and chronicled this movie in a way only Oliver Stone could capture.
Much like Any Given Sunday it captures reality in a way we all see, but only Oliver seem’s to get to the big screen, but in the case of WS2 he has a great performance by LeBouf, and a strong close by (Dougless) Geckko, it was clear the movie was shot over a long period and much time was spent in the editing room.
Positive editing only Oliver can do where he utilizes split screens for effect and unique camera shots which are his trademark as a director. But he also carry’s the axe of a director who wants to relay a message and he succeeds here in many ways. the villain is played by Josh Brolin and he gets most out of the role as a Wall Street FatCat.
I will say the difficult decision in choosing Winney Gecko failed not because of the script, but because the studio seemed to opt for a too young a version of the heroine who could not carry the role in this flick. I’m sure she will mature and has all sorts of chops, but in the critical scene she kept making a face like a chipmunk.
Wall Street: Money Never Sleeps can never embody the significance of Wall Street plucking a piece of the 1980′s iconic film, but I hope Oliver Stone can continue to proper and make more films because few directors get that momentary minds eye which can accurately reflect our times.
Friday, September 24, 2010
Gold and Silver Continue to Rise as Investors Look for Safe Plays
Gold climbed to a record in London and New York as investors sought a protection of wealth and an alternative to a weakening dollar. Silver rose to the highest price since 1980 in London.
The dollar headed for a weekly drop against the euro on concern the Federal Reserve is moving closer to boosting debt purchases, while European equities declined. The metal, which usually moves inversely to the greenback, advanced to a record for the fourth day this week. Silver, also used in industrial applications, headed for a fifth weekly advance.
“Gold is showing there is no confidence in the dollar,” said Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance SA in Geneva. Recent “data has been showing signs of a troubled economy. That’s why we’ve seen this huge buying for investors as a safe haven.”
Immediate-delivery bullion added as much as $5.90, or 0.5 percent, to $1,298.35 an ounce and traded at $1,296.95 at 9:32 a.m. in London. Gold for December delivery was 0.2 percent higher after reaching $1,299.70 an ounce on the Comex in New York.
Silver for immediate delivery in London climbed as much as 1.2 percent to $21.3875 an ounce, the highest price since October 1980.
Gold, up 18 percent this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed global equities, Treasuries and most industrial metals, prompting record investments in gold-backed exchange-traded products. The metal rallied as central banks and governments maintained low borrowing costs and spent trillions of dollars to stimulate their economies.
Gold and Silver Continue to Rise as Investors Look for Safe Plays
Gold climbed to a record in London and New York as investors sought a protection of wealth and an alternative to a weakening dollar. Silver rose to the highest price since 1980 in London.
The dollar headed for a weekly drop against the euro on concern the Federal Reserve is moving closer to boosting debt purchases, while European equities declined. The metal, which usually moves inversely to the greenback, advanced to a record for the fourth day this week. Silver, also used in industrial applications, headed for a fifth weekly advance.
“Gold is showing there is no confidence in the dollar,” said Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance SA in Geneva. Recent “data has been showing signs of a troubled economy. That’s why we’ve seen this huge buying for investors as a safe haven.”
Immediate-delivery bullion added as much as $5.90, or 0.5 percent, to $1,298.35 an ounce and traded at $1,296.95 at 9:32 a.m. in London. Gold for December delivery was 0.2 percent higher after reaching $1,299.70 an ounce on the Comex in New York.
Silver for immediate delivery in London climbed as much as 1.2 percent to $21.3875 an ounce, the highest price since October 1980.
Gold, up 18 percent this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed global equities, Treasuries and most industrial metals, prompting record investments in gold-backed exchange-traded products. The metal rallied as central banks and governments maintained low borrowing costs and spent trillions of dollars to stimulate their economies.
3 Things to Know Before the Market Opens
The September reading of China’s Business Conditions Survey jumped seven points on the month to 69.54.
The dollar/yen rose about one percent in short order earlier this morning, up to 85.40, on word that Japan had intervened to sell their currency to protect the country’s exporters. But there was no official comment, no follow through on the cross, and now the dollar/yen has retraced the entire move from this morning, plus a bit, and is trading essentially unchanged from yesterday afternoon at 84.35.
The August reading of Germany’s Import Price Index rose 0.2% on a month on month basis, one tenth under the estimate.
The September reading of Germany’s IFO Business Climate Index was up one tenth to 106.8, a fractional decline was forecast.
The usual concerns in Europe this morning about Ireland and Portugal has seen the spreads on their debt widen further this morning to fresh post EMU highs versus German debt. The euro is not fussed by the same old chatter, it is strong against most currencies this morning up 100 pips versus the dollar at 1.3415.
The August reading of Durable Goods Orders is due out at 7:30am CDT. Headline Orders are expected to fall 1.0% on a month on month basis but Orders Less-transportation are forecast to rise 1.0% from the month before. The August reading of New Home Sales is due out at 9:00am CDT. Sales are forecast to be 295k units on a annualized basis, or up 6.9% from the month before.
There are several central bankers who will be speaking today, including: Governor Duke, who will participate in a hearing on mortgages at 8:00am CDT; Richmond Fed boss Lacker who will talk about the financial crisis at noon CDT; Philly Fed’s Plosser will talk about monetary policy after the financial crisis at a Swiss National Bank conference at 1:00pm CDT; and Chairman Bernanke is set to give a lecture at Princeton event titled “Fixing Economics: Lessons from the Crisis” at 3:30pm CDT.
Thursday, September 23, 2010
Paid (OTCBB:PAYD): Impressive Client List
In the digital world of today, websites, merchandising and marketing are a must, especially for celebrities, sports stars and rock bands. One company from the SmallCap space that offers a one-stop shop for all of these services is PAID, Inc. (OTCBB:PAYD) which headlines its client list with one of the top entertainers of all time – Aerosmith.
Shares of PAID today are definitely on an upswing gaining 23 percent to $0.32 per share on heavy volume of more than 1.8 million shares compared to its average daily volume of only 453,000. The company recently announced that its celebrity services division is experiencing significant growth and, concurrently, increased revenues.
The company has been rapidly expanding its celebrity services business and expects 2010 revenues to exceed 2009 revenues. As a result of internal restructuring and a focus on growth, management is anticipating growth in revenues and gross profits for the remainder of 2010 from both existing and new clients.
Paid CFO Chris Culross stated, “PAID is improving its margins and moving toward profitability. Since the second quarter of 2010, we’ve restructured all areas of the company to focus our resources on the strongest financial and strategic opportunities for business growth.”
As a result of expanding relationships with PAID’s partner Topspin Media and others, PAID is providing direct-to-customer services, such as social media marketing, merchandising, fulfillment, fan community management and VIP experiences, to new clients that include Iron Maiden, Motörhead, Aventura, Slayer, “Weird Al” Yankovic, and Wingless Angels (a program launched and supported by Keith Richards).
PAID is a one-stop brand management and marketing resource for music, entertainment and sports personalities and organizations, and offers AuctionInc online shipping calculation and shopping cart software employing its patented technology to streamline ecommerce. Known for quality and customer service, PAID offers turnkey online, mobile, social media and traditional marketing campaigns, as well as award-winning video & film production, VIP ticketing, website design, merchandising, ecommerce and fan community management programs.
3 Things To Know Before The Market Opens
Most key indexes in Asia were closed for one holiday or another; Australia was open however and its shares rose a fraction on the session. European indexes are generally down, with both the Footsie and Dax off by 0.8% at the moment. US stock futures are down by about three quarters of a percent.
*The preliminary September reading of the manufacturing sector Purchasing Managers Index was down three points on the month to 55.3, the lowest result since January and more than two points below the forecast. The service sector PMI is 54.6, down from 57.2 in July, which was also the expectation.
*In August there were 31,767 loans for house purchase in the UK, according to the British Bankers Association; the result was well below the 34,000 loans that were forecast.
*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 450k. The August reading of Existing Home Sales is due out at 9:00am CDT; sales are forecast to be 4.1 million on an annualized basis, or up 7.1% from the July result that was the lowest in the decade-long history of the data series. Also due out at 9:00am is the August reading of Leading Economic Indicators, it is expected to gain +0.1%.
*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is expected to show an increase of 79 bcf.
*The Treasury is expected to announce at 10:00am CDT the details of next week’s auctions of 2 Year, 5 Year and 7 Year Notes.
*White House economic adviser Paul Volcker is scheduled to speak at a Chicago Fed banking conference at noon CDT.
3 Things To KNow Before The Market Opens
Most key indexes in Asia were closed for one holiday or another; Australia was open however and its shares rose a fraction on the session. European indexes are generally down, with both the Footsie and Dax off by 0.8% at the moment. US stock futures are down by about three quarters of a percent.
*The preliminary September reading of the manufacturing sector Purchasing Managers Index was down three points on the month to 55.3, the lowest result since January and more than two points below the forecast. The service sector PMI is 54.6, down from 57.2 in July, which was also the expectation.
*In August there were 31,767 loans for house purchase in the UK, according to the British Bankers Association; the result was well below the 34,000 loans that were forecast.
*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 450k. The August reading of Existing Home Sales is due out at 9:00am CDT; sales are forecast to be 4.1 million on an annualized basis, or up 7.1% from the July result that was the lowest in the decade-long history of the data series. Also due out at 9:00am is the August reading of Leading Economic Indicators, it is expected to gain +0.1%.
*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is expected to show an increase of 79 bcf.
*The Treasury is expected to announce at 10:00am CDT the details of next week’s auctions of 2 Year, 5 Year and 7 Year Notes.
*White House economic adviser Paul Volcker is scheduled to speak at a Chicago Fed banking conference at noon CDT.
Tuesday, September 21, 2010
EDGAR Online (NASDAQ: EDGR) XBRL Dataset Files Forms in Seconds
What to KNow Before Trading Today
*The Reserve Bank of Australia thinks growth there will be at or above trend in coming years and higher rates are likely if that proves to be the case, according to the minutes of their latest policy meeting. They also say that prospects in resource sector is “especially positive”, but conditions have cooled in the housing market.
*The final July reading of Japan’s Leading Economic Index was revised higher by almost two points to 100.0, but that was still down three tenths from the month before.
*The August reading of Switzerland’s Balance of Trade showed a surplus of SF570 million, well below the SF2.9 billion surplus seen in July. Exports were down 1.4% on the month while Imports were up 9.1% from the month before.
*The weekly report on chain store sales from ICSC showed a decline of 1.4% on a week to week basis for the week ended September 18; that’s the biggest weekly drop in two months, but sales were up 3.3% when compared to the same week from a year ago and that’s the best gain in a month. The Johnson Redbook report on the same thing is due out at 7:55am CDT.
*The August reading of Housing Starts is due out at 7:30am CDT. Starts are forecast to be at an annualized rate of 550k, or up 0.7% from the month before, and the estimate for Building Permits is 560k, up 0.2% on the month.
*The FOMC rate announcement is due out right around 1:15pm CDT. The key to the statement will be any comments concerning additional Quantitative Easing, such as an immediate reintroduction of the strategy or a hint that they are willing to go down that road if conditions warrant such a move.
Reed's (Nasdaq:REED): Bulk Barn to Carry Reed's Beverage Line
"We are thrilled to be working with Bulk Barn, the largest bulk food retailer in Canada offering the best, freshest selection of premium products and packaged items in the country," said Chris Reed, Founder, Chairman and CEO of Reed's, Inc. "Bulk Barn carries over 4,000 quality items, from grains, spices, nuts, candies, exotic dried fruits, vitamins, supplements, and a host of healthy and natural food products, and we will be one of only a few beverage lines carried in their stores. Our all natural sodas offer the perfect addition to Bulk Barn's wide selection of premium quality products. We are excited to work with them and increase our presence in Canada by offering Bulk Barn customers the finest natural beverages in the world."
Neal Cohane, Reed's Senior VP of Sales and Marketing, stated, "We continue our North American expansion. Bulk Barn will help expand Reed's presence in all Canadian provinces except B.C. Opportunities to build our brand in Canada are untapped. Gaining entry into a prestigious retailer like Bulk Barn will only help build our momentum moving forward. Canadian consumers are sophisticated shoppers looking for natural and organic brands. Reed's is a tremendous alternative to the everyday ordinary."
Monday, September 20, 2010
Jury Still Out on dELIA's (NASDAQ:DLIA)
dELIA*S operates 109 mall based stores while Alloy sell though catalogs and the internet. They specialize in outerwear, roomwear, dresses, shoes and accessories. Founded in 1997, their earnings have trended downward in the last three quarters but in line or better than other retail stores.
In an August Statement, Walter Killough, Chief Executive Officer, commented, “Sales trends in both our retail and direct businesses remained negative during the second quarter. Trends improved with our new Back-To-School floorset in July, but were still negative as traffic remained inconsistent. In August we began to see traction in our Back-To-School business, with comparable store sales trends turning positive in districts that have early Back-To-School peaks. We are cautiously optimistic that these improved trends will continue through the remainder of the Back-To-School period and result in increased sales levels in both channels.”
Analysts opinions remain mixed but buy trends have shown unexpected improvement so far in September. This might be one to keep your eye on but so far the jury’s still out!
Obama Speech: Do We Blow Thru Resistance
SP cash has gotten above the 1130 resistance this morning, a level that has capped the market recently as well as earlier in the summer. Next key level is not far away; the .618 retracement back to the April high is right at 1140. High of the day thus far is 1138.
4 Things You Need to Know Before Trading
*There were 45k mortgage approvals in the UK during August; that was down 2k from July and 1k below the forecast.
*Moody’s, Fitch and SP have all announced that they were assigning a triple A rating to the debt issued by the European Financial Stability Facility (EFSF). This is the emergency facility that will, if necessary, loan money to EU member states and back those loans with debt issuance. This rating was generally anticipated but will nonetheless be welcome news in Brussels.
*Speaking of the EFSF, there continues to be pressure on the debt of Ireland and Portugal, spreads said to have widened to fresh EMU highs, because of continuing speculation that they will need to access funds from the EFSF and or the IMF.
*The September reading of the NAHB Housing Market Index is due out at 9:00am CDT; it is expected to rise one point on the month to 14.
*President Obama is going to participate in a “town hall” session on the economy on CNBC today, beginning at 11:00am CDT.
Friday, September 17, 2010
What to Know Before Trading Today!
*The August reading of Japan’s Nationwide Department Store Sales was -3.2% on a year over year basis, continuing a trend of annualized declines that began in March 2008.
*The August reading of Germany’s Producer Price Index is 0.0% on a month on month basis, a rise of 0.3% was expected.
*The August reading of the Consumer Price Index is due out at 7:30am CDT. The headline CPI is expected to rise 0.3% on a month on month basis and the estimate for the Core rate is +0.1%. The year on year readings are expected to be +1.1% and +1.0% respectively. The preliminary September reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT, it is forecast to be 70.0, up from the August result of 68.9.
*The Fed’s quarterly statistical report, The Q2 Flow of Funds, is due to be released at 11:00am CDT.
Thursday, September 16, 2010
What to Know Before Trading Today
*The July reading of Japan’s Tertiary Industry Index is +1.7% on a month on month basis, more than double the expected increase.
*The Q2 reading of Switzerland’s Industrial Production was +5.7% on a quarter on quarter basis, a few tenths shy of the estimate.
*The August reading of UK Retail Sales was down 0.5% on a monthly basis, well short of the forecast for a gain of 0.3%.
*Three bits of data are due to be released at 7:30am CDT. The August reading of the Producer Price Index is expected to be up 0.3% on a month on month basis and the Core PPI forecast is +0.1%; the weekly report on Initial Jobless Claims, it is expected to be 458k; and the Q2 reading of the Current Account Balance is forecast to be a deficit of $125.0 billion. The Treasury will announce the net change in July of foreign holdings of long-term US securities at 8:00am CDT, known as the TIC data it is expected to be an increase of $47.5 billion. The September reading of the Philly Fed Business Activity Index is due out at 9:00am CDT, it is expected to improve to 0.3 from the surprise August decline to -7.7.
*There are two Fed speakers on the calendar today. Governor Duke will speak at a Chicago Fed event on mortgages at 8:30am CDT and Governor Tarullo will talk about the shadow banking system at 10:30am CDT.
*Treasury’s Geithner will be on Capitol Hill twice today, both sessions are about the Foreign Exchange market, most likely with a focus on China’s currency regime. He will testify before the Senate Banking Committee at 9:00am CDT and then talk to the House Ways and Means Committee at 1:00pm CDT. As if on que the Chinese Yuan rose to its strongest level versus the dollar since 1993, of course the move is less dramatic than I make it sound as the increase in its value against the dollar has only been a net change of about 0.6% in the last month.
*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is expected to show an increase of 95 bcf.
*The Fed is expected to buy Treasuries today that are due to mature between 3/15/12 and 2/28/13; the results will be announced just after 10:00am CDT.
Wednesday, September 15, 2010
Gold Trends Driving Force Behind SmallCap Mining Companies Success
So, instead of just sitting on the bench, many have branched out and expanded their scope to include higher risk, higher return investments, i.e. SmallCap Mining companies. I have noticed this trend really gaining ground of late and the evidence is right in front of you with just a few examples from the SmallCap space that are purely speculative and exploratory instead of fundamentally sound.
Just a few of those today flourishing from this trend are Silver Falcon Mining (OTC:SFMI); Tuffnell (OTC:TUFF); and Gold American Mining (OTC:SILA).
Shares of Silver Falcon Mining jumped up 20 percent to $0.30 per share on volume nearly 1.8 million shares which is more than double its average daily volume.
Shares of Tuffnell were up nearly 19 percent at $0.95 per share on volume of nearly 350,000 shares which is also more than double its average daily volume.
Shares of Gold American Mining jumped up more than 5 percent to $0.81 per share on volume of more than 503,000 shares which is slightly above its average daily volume of 478,000 shares.
How long will this trend last? Several factors will answer this question with the most powerful influence coming from gold prices, but also a huge factor to consider is how management executes its acquisition plan and overall business strategy. The timing and efficiency of this will separate and identify the leaders from the laggards in the precious metals industry.
Gold Trends Driving Force Behind SmallCap Mining Companies Success
So, instead of just sitting on the bench, many have branched out and expanded their scope to include higher risk, higher return investments, i.e. SmallCap Mining companies. I have noticed this trend really gaining ground of late and the evidence is right in front of you with just a few examples from the SmallCap space that are purely speculative and exploratory instead of fundamentally sound.
Just a few of those today flourishing from this trend are Silver Falcon Mining (OTC:SFMI); Tuffnell (OTC:TUFF); and Gold American Mining (OTC:SILA).
Shares of Silver Falcon Mining jumped up 20 percent to $0.30 per share on volume nearly 1.8 million shares which is more than double its average daily volume.
Shares of Tuffnell were up nearly 19 percent at $0.95 per share on volume of nearly 350,000 shares which is also more than double its average daily volume.
Shares of Gold American Mining jumped up more than 5 percent to $0.81 per share on volume of more than 503,000 shares which is slightly above its average daily volume of 478,000 shares.
How long will this trend last? Several factors will answer this question with the most powerful influence coming from gold prices, but also a huge factor to consider is how management executes its acquisition plan and overall business strategy. The timing and efficiency of this will separate and identify the leaders from the laggards in the precious metals industry.
New Media Plus, Inc. (“NewMediaPlus”) Obtains Coverage from World Market Media Inc.
West palm beach, Sept. 15, 2010 (GLOBE NEWSWIRE) – Today, New Media Plus, Inc., headquartered in Las Vegas, Nev. reached an agreement with World Market Media, Inc. (“WMM”), a high-traffic stock market, news-data website providing cutting-edge new media products and services to publicly traded companies worldwide, to begin editorial coverage on NewMediaPlus.
New Media Plus, Inc. (“NewMediaPlus”), a company that helps businesses generate additional revenues and builds their client base by developing a strong Internet presence, will be presenting at The Fat Cat Club’s Fall Equity Luncheon at the Bellagio Hotel & Casino in Las Vegas, Wednesday, Sept. 15, 2010.
NewMediaPlus also will be presenting at the following Fat Cat Club luncheons:
· Sept. 28 - Maggiano's Little Italy, 21090 Saint Andrews Blvd. Boca Raton, Fla.
· Sept. 29 - Phillips Point Club, 777 S. Flagler Drive, West Palm Beach, Fla.
· Oct. 5 – Prego Ristorante, 362 N. Camden Drive, Beverly Hills, Calif.
· Oct. 6 – The Lodge at Torrey Pines, 11480 N. Torrey Pines Road, La Jolla, Calif.
World Market Media’s editorial staff will be following these events and bringing investors all updates on NewMediaPlus and its progress.
Ronald P. Russo, Jr., Founder and Social Equity Officer of World Market Media, had this to say: “NewMediaPlus is a great company and I’ve had the pleasure of working with Brett Pojunis (Founder and CEO) for many years now. It is with great pleasure that we are announcing our coverage of NewMediaPlus as they continue to grow and offer exceptional service.”
About World Market Media
WorldMarketMedia.com (The Global Online Investment Community) is a high-traffic stock market, news-data website providing cutting-edge new media products and services to publicly traded companies worldwide. Our Editor's Desk authors insightful, real-time coverage on the economy, capital markets and their listed companies. WMM Research Group has the unique ability to combine media and robust journalism with unbiased, in-depth research in the Nano, Micro and Small Cap markets.
About New Media Plus, Inc.
NewMediaPlus provides cost-effective social media marketing, online advertising, graphic design, Web development and new media services. The company was established to meet the demands of small- to mid-sized business owners and individuals who want a strong identity or brand and maintain a powerful Internet presence. NewMediaPlus is based in Las Vegas, Nev., and intends to launch additional retail locations throughout the United States and beyond. Please visit www.NewMediaPlus.Com for more information and www.NewMediaPlus.Net to view our social media marketing blog.
Disclosure Regarding Forward-Looking Statements
This news release contains forward-looking statements, including statements containing the words "believes," "anticipates," "expects," "intends" and words of similar import. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that the Company believes might cause such differences include: (1) concentration of the Company's assets into one industry segment; (2) the nature of the Company's business (as defined herein); (3) the impact of changing economic conditions; and (4) the actions of competitors, including pricing and new product introductions.
Contact:
World Market Media
Editor’s Desk
+1 561 948 0330 Ext. 302
info@worldmarketmedia.com
www.worldmarketmedia.com
Brett H. Pojunis, Founder and CEO
New Media Plus, Inc.
Toll Free: 866.387.5110
Local: 702.943.1801
www.NewMediaPlus.Com
www.NewMediaPlus.Net
MEDIA CONTACT:Martin Stein
NewMediaPlus, Inc.
866-387-5110
Direct: 702-285-2873
martin@newmediaplus.com
EGOC Announces 12-month Plan and Jumps +70%
Management:
In the second quarter of the current year the Company underwent a change in control and introduced a new President (Dean Steiger) and Chairman (Raymond T. Brown II) to lead the Company. Since taking the helm, their collective goal is to focus on the successful development and focus on emission reduction devices and fuel economy saving technologies. In the widest panoramic view they are also keeping open channels for new opportunities in the new economy of reducing the need for fossil fuels within the transportation industry.
Product Development and Production Supply:
Dean Steiger President of Energy 1 is currently meeting and evaluating a short list of prospective manufacturing companies for the ExhausTek and IonTek emission and fuel economy technologies that the Company current holds under license. The goal over the next 90 days is to finalize and sign a definitive agreement with the winning manufacture partner. The winning firm will be one that meets the strict requirements of both design excellence and have the ability to ramp up manufacturing production in a scaleable sales environment as we ramp up distribution.
Market:
In the short-term (next 9 months): there are two main target markets. The first is the Inter State trucking industry and the second is the large off road and infrastructure construction operations. Management believes that these two markets offer the Company the quickest and most widely followed markets for new emission and fuel economy technologies with the tightening of the emission standards set by the EPA.
In the mid-term (6 to 12 months out): the company has identified the light-truck market as a potentially huge and undeveloped opportunity which management believes may be up to 10 times larger than the heavy Inter State trucking industry.
Sales and Distribution:
Energy 1 Corporation has targeted several regional distribution networks which will be announced once the agreements have been formalized. It is anticipated that the sales agreements will have a 5 year term with performance clauses as well as the right to develop an exclusive territory, this would be for both North American as well as global markets.
About Energy 1 Corp:
Energy 1 Corporation is a US based Energy Research and Development Corporation, specializing in the development of energy and emission solutions for the post carbon economy for the transportation, institutional and multi-unit residential industries.
What to know before trading today
*Japan intervened in the FX market for the first time since 2004. With the dollar/yen at a fifteen year low below 83.00 and the euro/yen near a nine year low the Japanese sold their currency down, currently at 85.30 versus the dollar and 110.85 against the euro.
*The September reading of Australia’s Westpac Consumer Confidence fell to -5.0 from 5.4 the month before.
*The August reading of Foreign Direct Investment in China was up for the thirteenth consecutive month but it was only 1.4% more than a year earlier, down from a 29% gain in July.
*The September reading of Switzerland’s ZEW Survey of Expectations of Economic Growth fell to -5.1 from 9.1 the previous month, the first negative result since May 2009.
*The July reading of the UK Unemployment Rate was steady at 7.8% as anticipated. In August the net change in the number of jobless benefits claimants was +2.3k, but had been expected to fall 3.0k.
*US mortgage applications fell 8.9% in the week ended September 10, according to the Mortgage Bankers Association. Applications for purchase were off 0.4% but applications for refinancing fell 10.8%.
*The August reading of the Import Price Index is due out at 7:30am CDT, it is expected to be +0.3% on a month on month basis. Also due out at 7:30am is the September reading of the Empire State Manufacturing Index, forecast to improve by one point on the month to 8.0. The August readings of Industrial Production and Capacity Utilization are due to be released at 8:15am CDT. Production is expected to rise 0.2% on a monthly basis and the estimate for Capacity Utilization is 75.0%, up two tenths from the month before.
*The House Ways and Means Committee is holding a hearing at 9:00am CDT on China’s FX policy.
*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to fall 2.5 million barrels, Gasoline inventories are expected to decline 625k and the estimate for Distillates is +650k.
*The Fed is scheduled to buy Treasuries today that are due to mature between 9/30/14 and 8/31/16; the results of the operation will be announced just after 10:00am CDT.
Tuesday, September 14, 2010
Eiffel Tower and surrounding park evacuated due to bomb alert.
Many News sources reporting this, will be returning with more details
Sunvalley Solar (OTCBB: SSOL): Solar Energy Leader
Making strategic moves to increase their share of the Solar energy marketplace, they have recently announced their partnerships with Tian Wei Solar Films, a solar thin film supplier; a preferred distributorships in the U.S., with Canadian Solar, Inc., and CEEG SST, one of the Worlds leading manufacturer in high efficiency PV panels. These agreements allow Sunvalley Solar to offer extremely competitive pricing and the ability to deliver products anywhere in the U.S. Sunvalley Solar has also established a partnership as the sole distributor in Southern California for residential solar inverters produced by PV Powered. PV Powered is one of the top solar inverter manufacturers in the USA.
Their marketing focus for 2010 and 2011 will center around their Green Community Program. They expect to install over 500,000 Watts of solar power systems for communities in the Los Angeles area. This will not only help clients reduce their utility bills, but also help them to reduce the eco-damage caused by traditional power.
Having reached the 3 megawatts distribution milestone, Sunvalley Solar is on track to make major inroads in the solar energy. They also announced completion and full operation of a 20,500 Watt solar system in Acradia, California.
Trading today is up 17.42% on volume of 24,910,203 shares.
Sunvalley Solar (OTCBB:SSOL): High Efficiency PV Panels +17% Today
Making strategic moves to increase their share of the Solar energy marketplace, they have recently announced their partnerships with Tian Wei Solar Films, a solar thin film supplier; a preferred distributorships in the U.S., with Canadian Solar, Inc., and CEEG SST, one of the Worlds leading manufacturer in high efficiency PV panels. These agreements allow Sunvalley Solar to offer extremely competitive pricing and the ability to deliver products anywhere in the U.S. Sunvalley Solar has also established a partnership as the sole distributor in Southern California for residential solar inverters produced by PV Powered. PV Powered is one of the top solar inverter manufacturers in the USA.
Their marketing focus for 2010 and 2011 will center around their Green Community Program. They expect to install over 500,000 Watts of solar power systems for communities in the Los Angeles area. This will not only help clients reduce their utility bills, but also help them to reduce the eco-damage caused by traditional power.
Having reached the 3 megawatts distribution milestone, Sunvalley Solar is on track to make major inroads in the solar energy. They also announced completion and full operation of a 20,500 Watt solar system in Acradia, California.
Trading today is up 17.42% on volume of 24,910,203 shares.
Sunvalley Solar (OTCBB:SSOL): High Efficiency PV Panels +17% Today
Making strategic moves to increase their share of the Solar energy marketplace, they have recently announced their partnerships with Tian Wei Solar Films, a solar thin film supplier; a preferred distributorships in the U.S., with Canadian Solar, Inc., and CEEG SST, one of the Worlds leading manufacturer in high efficiency PV panels. These agreements allow Sunvalley Solar to offer extremely competitive pricing and the ability to deliver products anywhere in the U.S. Sunvalley Solar has also established a partnership as the sole distributor in Southern California for residential solar inverters produced by PV Powered. PV Powered is one of the top solar inverter manufacturers in the USA.
Their marketing focus for 2010 and 2011 will center around their Green Community Program. They expect to install over 500,000 Watts of solar power systems for communities in the Los Angeles area. This will not only help clients reduce their utility bills, but also help them to reduce the eco-damage caused by traditional power.
Having reached the 3 megawatts distribution milestone, Sunvalley Solar is on track to make major inroads in the solar energy. They also announced completion and full operation of a 20,500 Watt solar system in Acradia, California.
Trading today is up 17.42% on volume of 24,910,203 shares.
What to know before trading today
*The August reading of the National Australia Bank Business Confidence Index was up to 11 from 2 the month before, the best showing in five months.
*The final July reading of Japan’s Industrial Production was revised down to -0.2% on a month on month basis from a previously reported +0.3%.
*Japanese Prime Minister Naoto Kan won a Democratic Party of Japan election allowing him to keep the job that he has held for the last three months. Kan fended off the challenge of ruling party cohort Ichiro Ozawa who is a big advocate of weakening the Yen in order to help the country’s exporters; Kan has not shown himself to be quite so adamant about reversing the currency’s trend and as a result the Dollar/Yen rallied to another fifteen year high near 83.00 after the votes were counted.
*The August reading of Germany’s Wholesale Price Index was up 1.6% on a monthly basis, five times the expected increase.
*The September reading of Germany’s ZEW Survey of Economic Sentiment was surprisingly weak; falling to -4.3 from 14.0 in August; it had been expected to fall only four points to 10.0. The latest result is the lowest since February 2009.
*The August reading of the UK Consumer Price Index is +0.5% on a month on month basis and is +3.1% year over year. Both results were slightly above the forecasts.
*The August reading of the NFIB Small Business Optimism Survey was up seven tenths to 88.8, but that was two tenths under the forecast. This index averaged 100.6 in the five years prior to the onset of the recession in December 2007. The NFIB chief economist said that “small business owners are expecting sub-par growth in the second half of 2010. What businesses need are customers, giving them a reason to hire and make capital expenditures.”
*The weekly report on chain store sales from ICSC showed an increase of 0.8% on a week on week basis for the week ended September 11. Sales were said to +2.8% for the week when compared to the same week from a year ago. The Johnson Redbook report on the same thing is due out at 7:55am CDT.
*The August reading of Retail Sales is due out at 7:30am CDT. Headline sales are expected to rise 0.3% on a month on month basis and the forecast for sales ex-autos is also +0.3%. The July reading of Business Inventories is due out at 9:00am CDT; the estimate calls for +0.7% from the month before. Also scheduled for 9:00am is the IBD/TIPP Index of Economic Optimism for September, it is expected to rise fractionally to 44.0.
China Shuangji Cement (OTCBB:CSGJ):Today at Rodman Renshaw in New York
Date: Wednesday, September 15, 2010
Time: 8:20 AM EDT (Kennedy II Salon 4th Floor)
Location: The Palace Hotel, New York
Presenter: Michelle Zhu, Chief Financial Officer
The Rodman & Renshaw Annual Global Investment Conference is a three-day conference in New York that will feature presentations from CEOs and CFOs of more than 600 companies from China and the U.S. representing industries including Agriculture, Auto, Cleantech & Energy, Consumer/Retail, Education, Healthcare, Industrial, and Technology. It is expected that there will be more than 2,500 registered attendees at this invitation only event.
In advance of the conference, qualified investors, portfolio managers and analysts may also register on-line to request 1x1 meetings with the Chief Financial Officer of China Shuangji at: https://www.meetmax.com/sched/event_6089/investor_login.html?event_id=6089
Participation in the Rodman & Renshaw Annual Global Investment Conference is by invitation only. For more information, please see http://www.rodmanandrenshaw.com or email LK@rodm.com.
Monday, September 13, 2010
US Capitol Police evacuate Capitol building after finding powdery substance
More News will be updated as we get it, this was reported by a trusted news aggregator for stock traders
Strategic Mining (Pink Sheets:SMNG): Granted No Tax Status by Goverment
The provincial government will provide a full time staff to facilitate the importation of mining equipment that includes the new LF70 diamond core drilling rig. The staff will also assist in completing all provincial mining requirements for developing the property. New roads to the property as well as buildings for the workers and equipment storage have already been built by the government in support of the project.
President, Todd Sterck commented: "It is very encouraging to have the kind of support that we are receiving from the Vietnamese Government to assist Strategic in bringing the Nat Son property into production. This clearly demonstrates a proactive and pro-mining business climate."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
China Shuangji Cement (OTCBB:CSGJ):New Production Facility - Reiterates Growth Outlook
"Once completed, our production capacity will increase approximately 66% over our current level and we are already seeing strong interest from local contractors to buy cement from this plant once it starts producing cement," stated Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We are very excited that we received the capital to complete this project. While the exact completion date is contingent upon how quickly the equipment is integrated and tested, we expect to be operational by the first week of October."
Continued Mr. Song, "China, especially the areas we operate in, is enjoying strong economic growth and the construction industry continues to be driven by demand for new buildings and cement intensive infrastructure projects. We see these conditions continuing as the outlook for the remainder of 2010 and beyond remains positive underpinned by large stimulus spending and strong organic demand. As a result, we are reiterating our strong future growth outlook and expect that with the new plant's increased capacity, our sales and profit run rate will be about 66% higher than it is now. That means in the very near future, we will be operating at an annual rate of about $96 million in sales and about $7.5 million net."
As previously announced, China Shuangji secured a non-convertible $3.7 million loan from an individual Chinese investor to complete the construction of its new 1,000,000 metric ton capacity cement factory in Zhaoyuan City, which is located approximately five miles from the Company's former facility. China Shuangji has used the funds to purchase the remaining equipment needed to finish the partially completed plant. To date, much of the building and infrastructure has been completed at the new facility and almost all the equipment has been installed.
Friday, September 10, 2010
What to Know before Trading Today
*The final revision of Japan’s Q2 GDP showed that their economy grew faster than previously thought. The annualized rate of growth in the second quarter is now said to be +1.5%, well above the +0.4% growth rate initially reported.
*China reports that in August they had their third straight trade surplus in excess of $20 billion, but at $20.3 billion it was almost seven billion less than forecast. In August China’s Exports were up 34.4% on a year over year basis, close to the expectation but their Imports were up 35.2% versus last year and that was about eight percent more than forecast.
*For some reason China is releasing several economic statistics on Saturday, among the data due out tomorrow are: PPI, CPI, Retail Sales and Industrial Production.
*The August reading of the UK Producer Price Index was unchanged on a monthly basis and the annualized cost of goods at the factory gate was 4.7%, the slowest year on year rate in six months.
*The July reading of Wholesale Inventories is due out at 9:00am CDT, it is expected to increase 0.4% on a monthly basis.
Thursday, September 9, 2010
Zix (NASDAQ:ZIXI):Protecting Transit Info
With a recent competitive displacement win at a Blue Cross & Blue Shield organization, the company, clearly demonstrated its unique combination of both hosted key management technology as well as filtering capability. With industry consolidation having greatly reduced the competitive landscape, we believe that Zix's expanded functionality in email encryption has put it "ahead of the pack" and into a solid position to continue to gain market share.
Acceleration in NFYO underscores opportunity for secular growth. We also note that from January 2007 to September 2009 the company saw annual new first year orders of $1.37M (quarterly average). From September 2009 through the last quarter this figure increased by 63% to $2.2M. This acceleration (which we believe will continue) is indicative of the growing opportunity around hosted email encryption.
Recent CFO departure does not present major issues. After a recent conversation with the CEO, we do not believe that the recent departure of CFO Susan Conner presents any larger issues around fundamentals. We are comfortable with the company's current plan to conduct a CFO search over the next six months.
Divestiture of e-prescribing business ahead of schedule. Management commented that the company is currently ahead of plan in its wind-down of the e-prescription business having successfully renegotiated all outstanding contracts.
Wednesday, September 8, 2010
Tavern on The Green: Bring Back that Summer Night
It is easy to recall a summer night cocktail outing with friends watching women with - too few - clothes on dancing on the back patio. I brought my children there as young men, and had New Year brunch there a few times. Please Mr. BoatHouse owner…please don’t change it too much. This unique location, which was a former sheep house in the 19th Century (I kid you not), has memories for many New Yorkers and visitors alike and surely will retrieve its global audience.
Sorry to see the LeRoys throw in the towel. They were really nice people and I’m sure Warner LeRoy is turning in his grave as the City awarded the license to Dean Poll who operates the nearby BoatHouse Restaurant.
AP reported a few month's back that Tavern on the Green, the landmark restaurant in New York City's Central Park, has filed for Chapter 11 bankruptcy protection...and many hope it comes back in some form.
The filing came just months before the 75-year-old restaurant is to hand over its license to another operator.
Tavern Chief Executive Jennifer Oz LeRoy blames the filing on the financial crisis and New York City's decision to give the Tavern license to a new operator.
The federal bankruptcy filing lists 20 creditors.
Poll, who took over Jan. 1, plans to renovate with green technology. The original building, which dates to the 19th century and housed sheep.
LeRoy's father, Warner, took over the Tavern in 1976. He died in 2001.
ZymoGenetics (NASDAQ:NGEN): Squibb Aquires Another Gives Sector Boost
Bristol-Myers' said the deal is worth $735 million excluding ZymoGenetics' cash on hand. Both companies have approved the deal and the board of ZymoGenetics is recommending that shareholders support the bid.
ZymoGenetics stock jumped $4.50, or nearly 85 percent, to $9.76 in aftermarket trading.
Seattle-based ZymoGenetics makes Recothrom, a drug used to reduce bleeding during surgeries. Since January 2009 it has been working with Bristol-Myers to develop a potential hepatitis C treatment called pegylated interferon lambda. That drug is in midstage clinical testing, and the companies said it "could be an important contributor to Bristol-Myers Squibb's future growth" if it is approved.
ZymoGenetics is also testing experimental treatments for cancer and inflammatory disorders including atopic dermatitis.
"The acquisition of ZymoGenetics brings us full ownership of a promising investigational biologic that strengthens our very diversified Hepatitis C portfolio," said Lamberto Andreotti, CEO of Bristol-Myers Squibb.
Bristol-Myers is one of the world's largest drugmakers and sells Plavix, a blood thinner that is the world's second-best selling brand name drug. Its other products include the psychiatric disorder treatment Abilify, Reyataz and Sustiva for HIV, Sprycel for cancer, and Onglyza for diabetes.
However the company is looking for ways to shore up its growth in the coming years. The patents supporting Plavix will expire in 2012, allowing cheaper generic versions to enter the market and eroding sales. Bristol-Myers' blood pressure drug Avapro is likely to face generic competition the same year.
Sales of Plavix totaled $6.15 billion in 2009, and the company reported $1.28 billion in Avapro revenue.
The move comes as many big pharma companies face patent cliffs that have them racing to fill out their development pipelines through acquisitions. Biotechnology companies are particularly attractive because there is not yet a regulatory pathway for generic versions of biotech drugs. Last month Sanofi-Aventis took its $18.5 billion bid for Genzyme Corp. public after that biotech company rejected the offer as inadequate.
Shareholders holding 37 percent of Zymogenetics' stock have agreed to vote for the deal. Bristol-Myers said the acquisition will trim its profit by 3 cents per share in 2010 and by 7 cents per share in 2011.
Reed's (Nasdaq:REED) 5 + Million in Top Line Rev's +26% Y/OY
Tuesday, September 7, 2010
Wall Street 2: Bring Back the 80's!!!
One man really stood out to me. His name was Leo Melamed Chairman Emeritus (NYSE:CME) and he would stand at the exit door at the CME trading floor and ask market makers (called locals) who were finishing up their days in the Live Cattle or Pork Belly pits to stay around and spend 15 minutes in the new S&P 500 Futures Pit. We would joke that it was and easy way to lose $1500 bucks in 15 minutes and would prefer to play cards on the trains back to the suburbs.
None of us knew what Leo knew. I would like to catch up with him, although he is a bona-fide rock star today, I hope he is relaxing with his grand kids healthy and happy.
He and his crew did so much for the City of Chicago and powered the “Loop” to its current lofty status as home to our President and future Host of the Olympic Games. Thank You Leo for your hard work you brought many young minds to Chicago. You were the real-life antithesis of Gordon Gekko that not many know about.
Wall Street 2 due in 2010 with Shia LeBouf will playing Jake Moore a young trader who is set to marry Gordon Gekko’s daughter in the film - began shooting in New York this week. Charlie Sheen prepares a cameo as Bud Fox while Shia spent weeks hanging with Jim Chanos and other Hedge Fund guys prepping for their roles. Little does Shia know that his character will undoubtedly motivate many young men and women to head back to Wall Street in the same way Bud Fox did in the 1980’s. Greed was good then – but bad now – and the plot centers around Gordon helping Jake (Shia) navigate the waters…. I have seen a couple of scripts…but only Oliver knows what goes on the cutting room floor. Many predict Q4 2010 as a date that will eventually shake out declining prices for equities globally and maybe Oliver can pick a market bottom like he did back in the day.
Thank You Oliver, Shia and Leo. I want the 1980’s back!! I have the Leisure suit with the exposed stitching dry cleaned and ready to go.
KORE Spikes 13% on 10X Volume after Announcing New Advisory Board
In heavy trading today, KORE spiked up 13 percent to $0.62 per share before settling at its current price of $0.56 per share on volume of nearly 350,000 shares (more than 10 times average daily volume).
What intrigued me about this company was its website only marketing approach instead of purchasing the traditional shelf-space, which is very expensive and usually the downfall of start-up companies in this space. Also, KORE is signing up several of the popular World Poker Tour stars, including Johnny Chan and Phil Hellmuth, to market their line of energy drinks.
The company did announce today a new advisory board with an excellent resume' including many big name contacts that will be a must for marketing this product.
The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.
All In President and CEO, David Powley, stated that, "We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world."
Another company from the SmallCap space I write on from time to time that hasn't had as nice a post-Labor Day start is Sport Endurance (OTC:SENZ) losing 9 percent to $0.155 per share on light volume. This company has a line of energy gel-tabs that provide energy, creatine and sleep-aid solutions instead of going the overly saturated drink delivery method.
4 Opening Data Points
*In Australia the Labor Party and Prime Minister Julia Gillard has held on to power after two independents agreed to support them and finally resolve the closest election in that country in seventy years.
*Australia’s central bank kept their key rate steady at 4.50% after a policy meeting overnight. They say they extended the pause in the rate hike cycle “for the time being” over concern of a faltering global economic recovery.
*The Bank of Japan also kept their target rate steady at 0.10%, as was widely expected. BoJ boss Shirakawa says the bank won’t rule out any policy options and that they continue to monitor the impact of the strong yen on the economy.
*The July reading of German Factory Orders was much weaker than forecast, coming in at -2.2% on a month on month basis versus the expectation of a rise of 0.5%.
*The Wall Street Journal reports that the EU stress test results understated the bank’s holdings of European sovereign debt.
*The August reading of Switzerland’s Unemployment Rate was 3.8%; this was steady from the month before but one tenth above the forecast.
*The Fed is expected to buy Treasuries today that are due to mature in 2014 through 2016. The results of the operation are due to be announced just after 10:00am CDT.
*The Treasury plans to sell $33 billion 3 Year Notes today, the results will be announced just after noon CDT.
Friday, September 3, 2010
Planet Resource Recovery (Pink Sheets: PRRY): NASA Summit at Rice Universiy
Kurt Neubauer, Planet Resource Recovery, CEO, stated, "This event is a perfect venue for Planet. Our innovative and environmentally-friendly technologies fit in very well with the goal of this event."
Other Sponsors of the event include: Dow, Ocean Energy Institute, MesoCoat and the National Corrosion Center.
Planet Resource Recovery, Inc. is "Spearheading the Charge for the Maximum Economic Recovery of our Planet's Resources through New-Age Technology and Products." The company develops, manufactures, and markets products, processes and technologies based on scientific research and understanding of silicon and siloxane sciences to enhance the recovery of the planet's resources including metals, minerals and hydrocarbons and to provide enhanced coatings resistant to metal corrosion. Our goal is to create new methodologies to optimize Oil & Gas production, maximize the harvesting of base and precious metals, the remediation of toxic heavy metal environmental contamination and the reduction or elimination of corrosion of metal through the use of proprietary with breakthrough technologies utilizing advanced science and chemistry to increase efficiencies, reduce costs, protect the environment and resources.
Our vision is to develop new chemical compounds and related processes to maximize efficiencies in the Oil & Gas Industry, Mining Industry, Environmental Cleanup Industry and Corrosion Industry through environmentally-friendly, cost-effective and profitable platforms that are considered "disruptive technology"and will usher in new paradigm shifts in industry.
Presently, the company is primarily focused on four distinct markets: 1) Oil & Gas Industry, 2) Remediation of industry toxic metals & byproducts, 3) Mining of base and precious metals and 4) Metal Corrosion Industry. The company has developed the proprietary compounds and is currently developing their related processes that will result in new technologies and methodologies for industry. For more information visit: www.planetresource.net.
Take-Two (NASDAQ: TTWO): Turn in Gaming +13% Today
Gaming continues to be a hit-or-miss-driven business, and predicting successful titles versus unsuccessful titles is extremely difficult.The risk is especially high for the new and unproven IPs, and the company’s reliance on the new IPs to reach the revenue target puts the company at risk for revenue misses.
Growth in the current cycle is largely driven by Wii, where third parties have not been very successful.
Macro headwinds and the popularity of used games and free-to-play online games. Given the current macro headwinds, used games and free-to-play online games create higher substitute competition for video games.
The gaming industry is dependent on the console cycle. The unexpected start of a new console cycle will likely constrain revenue growth and affect the profitability of gaming vendors.
Foreign-currency-exchange risk. The company generates almost half of its revenue from international operations, which exposes the company to foreign-currency-exchange risk.
Total revenue was $354 million, up 156% Y/Y and significantly better than our estimate of $278 million and the Street estimate at $295 million. Revenue outperformance was driven by a better-than-expected performance of Red Dead Redemption (sold 6.9 million units to date) and catalog sales. Catalog sales contributed 14% of the company’s revenue and were down 15% Y/Y. Digital revenue was $18 million, up from $7 million Y/Y.
Operating expenses were lower than our estimates driven by lower sales & marketing expenses from the timing on the games launch, a $2.5 million benefit from legal settlement, and continued efforts for cost reduction.
Higher-than-expected sales and lower-than-expected operating expenses resulted in EPS at $0.30 versus our estimate at a loss of $0.12 and the Street estimate at a loss of $0.09. Cash flow from operations was $0.64 per share and the company ended the quarter with net cash of $130 million, or $1.52 per share. Management attributed the turnaround to a strong portfolio of IPs, efficient expense management, and strong development capabilities. Management was also optimistic about 4Q’s outlook, highlighting that the Mafia II launch was better than its expectation (management expects it to be a profitable title) and that NBA 2K11 preorders were tracking better Y/Y. On the other hand, the company confirmed the push-out of LA Noire from 4Q to the first half of FY11.
Management expects key titles in 4Q to be Mafia II, Sid Meier’s Civilization V, NBA 2K11, NHL 2K11, Carnival Games, Nickelodeon Fit, and downloadable packs for BioShock 2, Borderlands, and Red Dead Redemption. Despite the push-out of LA Noire, the company raised 4Q guidance on account of continued strength in Red Dead Redemption and better-than-expected early activity on Mafia II and NBA 2K11. For 4Q10, management raised the revenue guidance to $270-320 million (up from $200-250 million) versus the Street estimate at $246 million and EPS guidance to $0.20-0.30 (up from a loss of $0.10-0.20) versus the Street estimate at a loss of $0.11.
Take-Two (NASDAQ:TTWO): Turn in Gaming +13% Today
Gaming continues to be a hit-or-miss-driven business, and predicting successful titles versus unsuccessful titles is extremely difficult.The risk is especially high for the new and unproven IPs, and the company’s reliance on the new IPs to reach the revenue target puts the company at risk for revenue misses.
Growth in the current cycle is largely driven by Wii, where third parties have not been very successful.
Macro headwinds and the popularity of used games and free-to-play online games. Given the current macro headwinds, used games and free-to-play online games create higher substitute competition for video games.
The gaming industry is dependent on the console cycle. The unexpected start of a new console cycle will likely constrain revenue growth and affect the profitability of gaming vendors.
Foreign-currency-exchange risk. The company generates almost half of its revenue from international operations, which exposes the company to foreign-currency-exchange risk.
Total revenue was $354 million, up 156% Y/Y and significantly better than our estimate of $278 million and the Street estimate at $295 million. Revenue outperformance was driven by a better-than-expected performance of Red Dead Redemption (sold 6.9 million units to date) and catalog sales. Catalog sales contributed 14% of the company’s revenue and were down 15% Y/Y. Digital revenue was $18 million, up from $7 million Y/Y.
Operating expenses were lower than our estimates driven by lower sales & marketing expenses from the timing on the games launch, a $2.5 million benefit from legal settlement, and continued efforts for cost reduction.
Higher-than-expected sales and lower-than-expected operating expenses resulted in EPS at $0.30 versus our estimate at a loss of $0.12 and the Street estimate at a loss of $0.09. Cash flow from operations was $0.64 per share and the company ended the quarter with net cash of $130 million, or $1.52 per share. Management attributed the turnaround to a strong portfolio of IPs, efficient expense management, and strong development capabilities. Management was also optimistic about 4Q’s outlook, highlighting that the Mafia II launch was better than its expectation (management expects it to be a profitable title) and that NBA 2K11 preorders were tracking better Y/Y. On the other hand, the company confirmed the push-out of LA Noire from 4Q to the first half of FY11.
Management expects key titles in 4Q to be Mafia II, Sid Meier’s Civilization V, NBA 2K11, NHL 2K11, Carnival Games, Nickelodeon Fit, and downloadable packs for BioShock 2, Borderlands, and Red Dead Redemption. Despite the push-out of LA Noire, the company raised 4Q guidance on account of continued strength in Red Dead Redemption and better-than-expected early activity on Mafia II and NBA 2K11. For 4Q10, management raised the revenue guidance to $270-320 million (up from $200-250 million) versus the Street estimate at $246 million and EPS guidance to $0.20-0.30 (up from a loss of $0.10-0.20) versus the Street estimate at a loss of $0.11.
Job Number Great for Market Dow +70
This was expected to be -105k.
The net change in private sector non-farm payrolls is +67k
This was expected to be +40k.
The Unemployment Rate is 9.6%
This was expected to be up one tenth on the month to 9.6%.
The Average Hourly Wages is +0.3% on a month on month basis.
This was expected to be +0.1%.
The jobs report was better than forecast. Total non-farm payrolls were down 54k on the month but that was only half the expected decline and the Private sector rose 67k, better than the +40 estimate. Additionally the two previous months saw payrolls revised higher by 123k.
The Manufacturing sector was the weakest at -27k, and Trade/Transport, Retail and Financial all had single digit losses. But the Service sector added 67k, led by Education/Health which was up 45k.
Overall Government jobs were down 121k, with 114k of those being the temporary census workers finishing their stint. State and Local governments lost 10k.
The Unemployment Rate moved one tenth higher to 9.6% as was forecast. The Household survey shows the number of employed rose 290k, the first gain since April, and the number of unemployed was up 260k. Positive signs were the Civilian Labor Force growing 550k and the Not in Labor Force moving down by 341k.
The U6 Unemployment rate was up two tenths to 16.7%. But the average duration for unemployment fell six tenths to 33.6 weeks. Importantly the average hourly wages were up 0.3% on the month, but the year on year rate fell one tenth to 1.7%. The work week was unchanged at 34.2 hours and the Aggregate Hours Index was steady at 92.4.
Job Number Great for Market Dow +70
This was expected to be -105k.
The net change in private sector non-farm payrolls is +67k
This was expected to be +40k.
The Unemployment Rate is 9.6%
This was expected to be up one tenth on the month to 9.6%.
The Average Hourly Wages is +0.3% on a month on month basis.
This was expected to be +0.1%.
The jobs report was better than forecast. Total non-farm payrolls were down 54k on the month but that was only half the expected decline and the Private sector rose 67k, better than the +40 estimate. Additionally the two previous months saw payrolls revised higher by 123k.
The Manufacturing sector was the weakest at -27k, and Trade/Transport, Retail and Financial all had single digit losses. But the Service sector added 67k, led by Education/Health which was up 45k.
Overall Government jobs were down 121k, with 114k of those being the temporary census workers finishing their stint. State and Local governments lost 10k.
The Unemployment Rate moved one tenth higher to 9.6% as was forecast. The Household survey shows the number of employed rose 290k, the first gain since April, and the number of unemployed was up 260k. Positive signs were the Civilian Labor Force growing 550k and the Not in Labor Force moving down by 341k.
The U6 Unemployment rate was up two tenths to 16.7%. But the average duration for unemployment fell six tenths to 33.6 weeks. Importantly the average hourly wages were up 0.3% on the month, but the year on year rate fell one tenth to 1.7%. The work week was unchanged at 34.2 hours and the Aggregate Hours Index was steady at 92.4.
Strategic Mining Corporation (PINKSHEETS: SMNG) Hits Pay Dirt
Strategic Mining Corporation (PINKSHEETS: SMNG) Hits Pay Dirt
Thursday, September 2, 2010
Harry Winston (NYSE: HWD): Diamonds In Asia Ruff +17%
What all this means is there are a lot of very happy ladies out their wearing diamonds, including men who are not shy about glitter. The Far East, Japan and China are the big recipients of these baubles due to their expanding wealth, while the U.S. and Europe struggle to keep up.
Another interesting note was the increase in specialty pieces, not to rival the Hope Diamond of course, but definitely in the million plus category. This phenomena was attributed to an increase in wealth throughout the world. Going on statistics from 2009, the net worth in the world grew by 19.6%, and the high net worth has grown by more that 17%. Another factor seems to be that diamonds as an investment, are much more attractive than your more normal forms of investment. This holds true as more significant pieces are being created for Asia and Middle East customers. They are eager to wear them out and about for their pleasure.
This is not to say that the U.S. doesn't fall into that catagory as noted by the increase in sales, apparantly by the richest, considering the plight of the middle class in America today.
So Viva, Harry Winston, the whole world is in love with your product, the diamond that is everlasting.
