OmniVision (NASDAQ:OVTI) shares were up 8.5% on Tuesday. The company was upgraded by R.W. Baird to outperform from neutral.OVTI has potential upside of 8.3% based on a current price of $17.28 and an average consensus analyst price target of $18.71.It is currently above its 50-day moving average (MA) of $14.43 and should find resistance at its 200-day MA of $20.20. I
In a report by CNN Money, gas prices nationwide slid. This marks the first price fall after 27 days straight days of high prices, according to the AAA. The average price of regular unleaded were down three-tenths of a cent to $3.76 a gallon.Across the country the average price was $3.72 a week ago while the average last year was $3.51.In California, Hawaii and Alaska the average price was $4 a gallon and Hawaii reaching a high of $4.38.As for the state with the nation’s lowest gas price, its $3.23 on average.
AmerisourceBergen (NYSE:ABC) announced it would acquire World Courier in a cash deal valued at $520 million.ABC said it was acquiring privately held drug storage and distribution services company, expanding the drug industry services ABC offers.The company will be a new operating segment.AmerisourceBergen said it wouldn’t have any effect on fiscal year 2012 earnings, but sees the deal $0.06 – $0.10 accretive to its fiscal 2013 bottom line.The company said it expects the deal to close in the third quarter of 2012.
There are many concepts that you can find in the stock market where you need to understand in order to get the right stocks for you. It takes quite a long time to understand the market well and so you have to get some time from your daily and busy schedule to know when and where to invest in the market. There might be times when you have to lose some of your money in the market but this should not let you feel that there is no hope of success in the stock market. You need to find the right and the profitable stocks so that you know where and when to invest your cash in the market. Things are not very simple in the stock market and so you have to bear some sort of risks in the market so that you can gain in the market. If you are someone who is afraid of taking risks in the market then you should invest in the stocks. Finding the right time and investing in the best stocks are both very important while investing in the stock market. So you should make sure that you know why to invest in different shares and stocks.
Make the best study of the stocks
If you are not sure which stocks you should invest in the share market then you should try to make a good study of the market. There might be times when you feel confused about the market and you do not know which stocks you should invest and which stocks you should avoid investing in the market. In order to have a close look on the stocks you can have a good look at the performances of the stocks in past. By looking at the history of the different stocks you can come to have some idea about a particular stock. But you should know that you can never predict the stock market and so you can never know whether you would be able to get good profits or would become bankrupt after losing all your money in the stocks. So in order to remain on a safer side you should try to get rid of some people who might try to give your wrong or false information on the stock market. You have to stick to your own decisions and get the right stocks for you without any worries.
Get some good patience
There are some investors who are very impatient and they cannot make good decisions because of their behavior. So at the end of the day they find that they have wasted all their money by investing in the non profitable stocks in the market. You have to take care of all the steps that you take in the market so that you do not commit any mistake in the market. There are investors who do not dare to invest in the day trading where they think that it is risky for them to invest in the market. But you should know that investing in this type of trading is good for investors who are looking forward to short term investment in the market. This is why it is important for you to have a good study on day trading before investing in the market. You would then be able to look at whether there is any risk and also the amount of risks in this type of trading.
Look for the best website
You have to make sure that you get hold of a good website where you would be able to buy or sell stocks online in the market. This concept of online stock trading has become very popular amongst the investors as one does not have to go out from their place to invest in the market. You should be able to differentiate between genuine and non-genuine website where you would get the best returns from your investment in the stock market. You can look at the comments left by the visitors to the particular website where you can decide whether it would be safe for to invest from that website or not. Thus you have now come to know why to invest in different shares and stocks.
Article by sharetipsinfo.com
3-7-12-Children’s Place (NASDAQ:PLCE) reported Q4 EPS of $0.87, missing estimates by $0.04.Revenues in the quarter came in at $457.5 million, vs. estimates for $478.1 million. Comparable store sales fell 2.7%.The company said it sees FY 2012 EPS of $3.10 – $3.30, vs. estimates of $2.97.The company sees Q1 EPS of $1.03 – $1.08, vs. estimates of $1.14.
3-7-12-Google (NASDAQ:GOOG) cut its pricing on its cloud storage services by as much as 15% in the wake of similar price cuts taken by competitor Amazon.com (NASDAQ:AMZN).Google also appointed 5 new front-end storage partners as it boosts its efforts to gain footage in the enterprise storage business.SmarTrend currently has Google in an Uptrend. Since 2008, SmarTrend subscribers trading Google using our alerts outperformed the stock by 444%. We are monitoring these developments and will alert subscribers to any change in trend.
Elections Canada has been asked to look into Conservative Party campaign spending in the riding of Vaughan, north of Toronto, CBC’s Leslie MacKinnon reports
Ann Taylor usually makes beautiful women look more beautiful on go, but today it also made its listed parent company look great. The listed company under the ticker ANN reported earnings for the 4th quarter and fiscal year 2011, which ended on Jan 28, 2012. 4th quarter EPS came in at 10c against the estimated 9c, and full year EPS was $1.70, which is right on the spot against forecast. 4th quarter sales in came at $566.7M, also the same as forecast, but full year sales came in a little bit short. Investors were looking for $2.39B and it gave $2.21B. From a shopper’s point of view, I love it when stores give discount. But for women’s specialty apparel lines like Ann Taylor and Ann Taylor Loft, this intensely competitive promotional environment we’re in is hurting the company’s revenue and the gross margin. On the positive note, SSSG was +5.3% and after all, investors did approve the earnings and gave the stock an 8% intraday upward push.
A lot of people keep wondering what Forex Managed Accounts are. There’s a Forex currency market in which there are always currency rates changes going on. A lot of professional traders constantly make money on these rate changes. But there are also traders who manage clients’ accounts for a percentage of profit and this is called Managed Forex Accounts.
How do you choose a correct managing trader or managing company? First of all you should pay attention to how long the company exists and what sort of trading experience the managing trader has.
The schemes of accepting money by the company or trader are also very important. There are 2 schemes. First one is accepting money to their own accounts; second one is suggesting to open PAMM (Percentage Allocation Management Module) with a different broker. The 2nd sort is preferable as accounts with a different broker are opened into your name and it’s only you that can withdraw funds from them. In this way you protect yourself from possible cases of fraud.
Profit statistics is another important issue. Don’t chase super profits. The profit of 100% annual or more is very doubtful and risky. In Forex just like in any other business there’s a simple rule that applies: the more the profit is the higher the risk is and the lower the profit is the more risk-free the endeavor is. It’s very important to choose a balanced option. 50% to 70% annual is a normal average profit for Managed Forex Accounts.
I’m a Forex trader for over 9 years by now. The experience I gained gives me a chance to tell about most typical failures that beginner traders and investors make.
Article by fxmorgan.com
By MoneyMorning.com.au
A not-so-funny thing happened on the way to the latest Greek bailout.
The terms and conditions of the bond swap Greece agreed to before getting another handout constitutes a theoretical default – but not a technical default.
That’s not funny to CDS holders.
Greece hasn’t defaulted (so far), but some of the buyers of credit default swaps, basically insurance policies that pay off if there is a Greek default, claim the terms and conditions of the bond swap constitutes a “credit event” or default.
If it is, they want to get paid.
While on the surface this looks like a fight over the definition of a default, underneath the technicalities, the future of credit default swaps and credit markets is at stake.
In other words, the ongoing Greek tragedy is really becoming a global tragedy of epic proportions.
Greece needs to make a 14 billion euro ($19 billion) payment on its huge outstanding debt on March 20, 2012.
The problem is Greece doesn’t have the money, even after the previous 100 billion plus euro bailout.
If it doesn’t make the payment it will be in default and all hell will break loose.
That means banks that hold Greek bonds won’t get all their money back and they will have to write down Greek debts to zero.
That will trigger contagion as other countries in Europe will be seen as vulnerable to default too, and as panic in Europe grows from depositors trying to get their money out of insolvent banks, the spillover will infect world markets.
That’s the case for contagion.
While cobbling together another bailout for Greece, this one worth 130 billion euros ($172 billion), the ECB, the EU, and the IMF (the Troika) are asking existing “private” bondholders, meaning banks and investors, to swap bonds they currently hold, with their high interest coupons, for bonds with half the face amount paying less than 4% interest.
The idea here is that there’s no point in bailing out Greece with fresh money if it won’t have enough money to make payments on the new debts it is incurring.
By swapping their existing bonds with a face value of 100 euros for new bonds with a face value of 50 euros (that’s known as a 50% “haircut”) and accepting a lot less interest, bondholders will be getting something as opposed to nothing if Greece defaulted and repudiated its outstanding debts.
The bond swap is being called “voluntary,” meaning private investors will be swapping their bonds because they choose to.
There’s only one reason to make such an unprecedented offer to existing bondholders, that’s because if it wasn’t voluntary it would constitute a “credit event.”
If the Committee says a credit event is a credit event, it constitutes a default and triggers the payment process, known as an auction, by which credit default swap holders get paid.
That’s a global problem that nobody wanted to face and would likely trigger its own version of contagion.
No one knows exactly how much CDS paper has been issued and in the event of a Greek default, who will owe whom how much, or if the counterparties that owe buyers of CDS insurance have the money to pay them.
So who bought a lot of this insurance? The banks that hold Greece’s bonds bought CDS insurance.
Who did they buy the insurance from? Each other and hedge funds.
The problem is twofold when it comes to this scenario.
First, banks have been pretending that the Greek bonds they own and haven’t marked down don’t have to be marked down, because they have insurance on them.
Second, what will bank balance sheets look like if they have to pay out on the CDS paper they wrote, and what will they look like if they don’t get paid by other banks or hedge funds that don’t have the money?
What’s more, what if there are insurance companies, like AIG (NYSE: AIG) that wrote them insurance and can’t make good on it?
The unknowns are off the charts.
But, things got worse.
The ECB didn’t want to take any hit or haircut on the 40 billion euros of Greek bonds it had bought to support the market. It swapped them with Greece for some new bonds that pay them less interest, but they didn’t have to haircut the principal they’re owed.
That was clever. You see, the new bonds they swapped for are, well, new bonds.
They aren’t subject to the haircut that the private bondholders are being asked to take on the “old” bonds.
Nice trick, right? Yes, it was.
On top of that, as private bondholders got upset, it was decided that because not all of them might volunteer to take big losses, new, retroactive covenants would be put onto the old bonds.
These collective action clauses, or CACs, now allow a vote of 2/3 of existing bondholders to make decisions that all bondholders have to comply with.
All this is making CDS holders very angry. Well, not all of them.
The banks that wrote CDS insurance don’t want to have to pay each other or anyone else. They’d rather hide behind the voluntary swap and get on with pretending Greece will survive.
But, by the ECB essentially screwing private bondholders by unilaterally taking a “senior” creditor position and by forcing collective action clauses on bondholders that never imagined buying bonds that had such clauses (they didn’t when they bought them), the whole swap deal has created a hole in what constitutes a credit event.
The Determination Committee (made up mostly of the same big European banks that own Greek debt and wrote CDS paper to each other) determined the swap wouldn’t constitute a credit event. Although they also said, that could change.
The problem now is what to do about credit default swaps. Are they worthless?
Will anyone ever trust them again as being legitimate insurance on credit instruments? What will happen to this $300 trillion market? …
What will this mean for less than stellar debt issuers who are able to sell their suspect bonds because investors could buy default insurance?…
What does all this mean for the sanctity of contracts? After all, bonds are contracts.
Global markets are going to have to figure out the answers to these questions and what it will mean for future markets.
Today, it is completely muddled.
The best we can hope for is that there’s time to figure it all out before sceptical investors pack it in and sell what they have no control over and have no faith in anymore.
Unfortunately, the Greek default tragedy is only the first act.
Regards,
Shah Gilani
Contributing Editor, Money Morning (USA)
Publisher’s Note: This article originally appeared in Money Morning USA.
This article originally appeared in Money Morning USA.
From the Archives…
The Stock Market Financial Winter is Coming
2012-03-02 – Dan Denning
Why You’ll Want to Watch This ‘Bad’ Retail Stock Very Closely
2012-03-01 – Kris Sayce
Higher Oil Prices – Government Guaranteed
2012-02-29 – Dr. Alex Cowie
Asymmetric and Economic Warfare with Iran
2012-02-28 – Dan Denning
Why the Greek Debt Crisis Has Nothing to Do With the Euro
2012-02-27 – Nick Hubble
