September 16, 2013: U.S. markets opened higher Monday morning after an announcement on Sunday by Larry Summers that he was withdrawing his name from consideration as the next chairman of the Federal Reserve. Summers was seen as more likely to end the Fed�� asset purchase program quickly than is Janet Yellen, who is now the betting favorite to be the new Fed chair. U.S. markets closed mixed as Apple Inc. (NASDAQ: AAPL) dragged the tech sector and the Nasdaq Composite down. Longer term, though, Apple might not look so bad.
Asian and European markets closed mostly higer today, while Latin American markets closed mixed.
Tuesday�� calendar includes the beginning of the two-day FOMC meeting and the following data releases and events (all times Eastern):
8:30 a.m. – Consumer price index 9:00 a.m. – Treasury international capital (TIC) data 10:00 a.m. – Housing market index 11:30 a.m. – 4- and 52-week bill auctionsHere are the closing bell levels for Monday:
Top 5 Restaurant Stocks For 2015: Pretium Resources Inc (PVG)
Pretium Resources Inc. is an exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. Its projects include the Brucejack Project and the Snowfield Project, which are advanced-stage exploration projects located in northwestern British Columbia. The Brucejack Project is a gold-silver exploration project consisted of six mineral claims totaling 3,199.28 hectares in area. As of December 31, 2011, the Brucejack Report was consisted of eight different zones on the West Zone, Bridge Zone, Low Grade Halo Zone, Shore Zone, Galena Hill Zone, Gossan Hill Zone, SG Zone and Valley of Kings (VOK) Zone. As of December 31, 2011, the Company had 100% interest in the Snowfield Project. The Snowfield Project also contains molybdenum and rhenium. The Company�� subsidiaries include Pretium Exploration Inc. and 0890696 B.C. Ltd. Advisors' Opinion:- [By Monica Gerson]
Pretium Resources (NYSE: PVG) shares fell 3.30% to reach a new 52-week low of $2.93. Pretium Resources shares have dropped 77.54% over the past 52 weeks, while the S&P 500 index has gained 28.53% in the same period.
- [By Hebba Investments]
Therefore the situation is still very bullish for investors in physical gold and the gold ETFs (GLD, CEF, and PHYS). Investors interested in leveraging this situation into higher potential profits may also consider buying gold miners such as Randgold (GOLD), Goldcorp (GG), Yamana Gold (AUY), and any of the other gold miners. Finally, those willing to shoulder much larger risks may consider some of the exploration and micro-cap companies that offer significant profits at a high risk such as Chesapeake Gold (CHPGF.PK), Pretium Resources (PVG), Western Copper (WRN), or any other of the junior exploration companies. Though investors should keep in mind that gold mining companies and explorers do not always rise with a rising gold price - do your research before you invest in the miners.
Top 5 Asian Companies For 2014: Powerdyne International Inc (PWDY)
Powerdyne International, Inc., formerly Greenmark Acquisition Corporation, incorporated on September 13, 2006, is a development-stage company. The Company focuses on manufacturing, installing, maintaining, owning and operating portable electrical power generation equipment (gensets).
The Company's initial product is the PDIGenset, which is a self contained generator that is powered by a modified radial air cooled engine to drive a minimum of a 1-megawatt generator. The entire unit, which runs on natural gas or propane, is compact, lightweight and clean burning. The Company also focuses on the process of building its first prototype of the PDIGenset. As of December 31, 2010, the Company had not generated any revenues.
The Company competes with Caterpillar Corporation, Cummings, Morse Diesel, Kohler, Volvo and Detroit Diesel.
Advisors' Opinion:- [By Peter Graham]
On Friday, small cap stocks EHouse Global (OTCBB: EHOS), Sanwire Corporation (OTCMKTS: SNWR) and Powerdyne International Inc (OTCBB: PWDY) sank 37.38%, 29.47% and 23.23%, respectively, despite some evidence of paid stock promotions or investor relation campaigns. Of course, volatility is a given for small cap OTC stocks, but paid stock promotions or investor relations campaigns tend to add to that volatility. With that in mind, what will these three small cap stocks do for investors this holiday trading week? Here is a closer look to help you decide on a trading or investment strategy:
Top 5 Asian Companies For 2014: Australian Dollar(AU)
AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces silver, uranium oxide, and sulfuric acid. The company conducts gold-mining operations in South Africa; continental Africa, including Ghana, Guinea, Mali, Namibia, and Tanzania; Australia; and the Americas, which include Argentina, Brazil, and the United States. It also has mining or exploration operations in the Democratic Republic of the Congo, Guinea, and Colombia. As of December 31, 2010, the company had proved and probable gold reserves of 71.2 million ounces. The company has a strategic alliance with Thani Dubai Mining Limited to explore, develop, and operate mines across the Middle East and parts of North Africa. AngloGold Ashanti Limited, formerly known as Vaal Reefs Exploration and Mining Company Limited, was founded in 1944 and is headquartered in Johannesburg, South Africa.
Advisors' Opinion:- [By Dan Caplinger]
But even bigger damage came from gold-mining stocks. AngloGold Ashanti (NYSE: AU ) has lost almost 60% of its value in 2013, with the drop in gold prices having an outsized impact on the gold miner's prospects. AngloGold has also suffered from investors moving away from emerging markets like South Africa in favor of U.S. stocks, as fears of the Federal Reserve's exit from its quantitative easing program have reduced overall risk tolerance among many investors.
Top 5 Asian Companies For 2014: Foot Locker Inc (FL)
Foot Locker, Inc., incorporated on April 7, 1989, is a global retailer of shoes and apparel, operating 3,335 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2013. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc. and CCS, which sell to customers through Internet websites, mobile devices, and catalogs. In September 2013, the Company acquired Runners Point Warenhandels GmbH (Runners) from Hannover Finanz GmbH.
Athletic Stores
Foot Locker is a global athletic footwear and apparel retailer. Its stores offer the products manufactured primarily by the athletic brands. Foot Locker offers products for a variety of activities, including basketball, running, and training. Additionally, the Company operates 65 House of Hoops, primarily a shop-in-shop concept, which sells basketball inspired products. Foot Locker�� 1,883 stores are located in 23 countries, including 1,072 in the United States, Puerto Rico, United States Virgin Islands, and Guam, 129 in Canada, 590 in Europe, and a combined 92 in Australia and New Zealand. The domestic stores have an average of 2,300 selling square feet and the international stores have an average of 1,500 selling square feet. Lady Foot Locker is a United States retailer of athletic footwear, apparel, and accessories for active women. Its stores carry athletic footwear and apparel brands, as well as casual wear and an assortment of apparel designed for a variety of activities, including running, walking, training, and fitness. In November 2012, the Company announced the introduction of a new banner named SIX:02. This new banner is an elevated retail concept featuring brand! s in fitness apparel and athletic footwear for women. Lady Foot Locker and SIX:02 operate 300 and 3 stores, and are located in the United States, Puerto Rico, and the United States Virgin Islands. These stores have an average of 1,300 selling square feet.
The Company�� Kids Foot Locker is a national children�� athletic retailer that offers a selection of brand-name athletic footwear, apparel and accessories for children. Its stores feature an environment geared to appeal to both parents and children. Its 305 stores are located in the United States, Puerto Rico, the United States Virgin Islands, Europe, and Canada. These stores have an average of 1,400 selling square feet. Footaction is a national athletic footwear and apparel retailer. Its 283 stores are located throughout the United States and Puerto Rico and focus on marquee footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet. Champs Sports is a mall-based specialty athletic footwear and apparel retailers in North America. Its product categories include athletic footwear and apparel, and sport-lifestyle inspired accessories. Its 539 stores are located throughout the United States, Canada, Puerto Rico, and the United States Virgin Islands. The Champs Sports stores have an average of 3,500 selling square feet. As of February 2, 2013, the Company operated 22 stores in the United States.
Direct-to-Customers
The Company�� Direct-to-Customers segment is multi-branded and multi-channeled. This segment sells, through its affiliates, directly to customers through its Internet websites, mobile devices, and catalogs. The Direct-to-Customers segment operates the Websites for eastbay.com, final-score.com, eastbayteamservices.com, ccs.com, as well as Websites aligned with the brand names of its store banners (footlocker.com, ladyfootlocker.com, kidsfootlocker.com, footaction.com, and champssports.com). Eastbay is a direct marketer in the United States, providing the high sch! ool athle! te with a sports solution, including athletic footwear, apparel, equipment, team licensed, and private-label merchandise. CCS serves the needs of the 12-20 year old seeking an authentic board lifestyle shop. CCS is anchored in skate but appealing to the surrounding board culture. The CCS format offers board lifestyle merchandise that will fit the needs of the customer all year long and stocks a selection of both core and lifestyle brands. The retail store operations of CCS are included in the Athletic Stores segment.
Advisors' Opinion:- [By Maria Armental and Tess Stynes var popups = dojo.query(".socialByline .popC"); ]
Foot Locker Inc.(FL) on Friday said its fiscal first-quarter profit rose 17%, as sales and margins improved. The results handily topped analysts’ expectations. Shares rose 2.8% to $49.50 premarket.
- [By Teresa Rivas]
Finish Line�(FINL)�and Foot Locker (FL) ended the day in opposite directions. The former fell after it was cut to Neutral at Janney Montgomery Scott, which called the latter oversold, a sentiment echoed by Credit Suisse.
- [By Mike Deane]
Before the bell on Friday, Foot Locker (FL) announced its third quarter earnings, with non-GAAP EPS increasing 8% from last year’s same quarter.
FL Earnings in Brief
-Foot Locker posted quarterly revenue of $1.622 billion, up from last year’s Q3 revenue figure of $1.524 billion.
-GAAP net income for the quarter came in at $104 million, or 70 cents per share, down from last year’s Q3 net income of $106 million, or 69 cents per share.
-On a non-GAAP basis, EPS came in at 68 cents, up from 63 cents last year.
-Comparable sales for the third quarter were up 4.1%.
-The company’s results came in above analysts’ estimates of 66 cents EPS and $1.58 billion in revenue.CEO Commentary
Ken C. Hicks, FL’s chairman of the board and CEO, had the following to say about the company’s quarterly earnings: “We have many strategies underway to drive our business, and the advances we have achieved are contributing to the current momentum we have towards reaching our long-range operational and financial goals.Most exciting for me, however, is that while we still have much progress to make on our existing initiatives, the team at Foot Locker, Inc. is continuing to identify new opportunities and develop ideas further in order to leverage our strengths and build an even stronger business.� Some of these ideas deliver immediate impact, some will help improve results in the next several quarters, and yet others have the potential to drive our performance over the longer term.”
No Mention of Dividend
Foot Locker did not announce any changes to its dividend in its quarterly report, which was expected as the company raised its quarterly dividend in April of this year. We anticipate that Foot Locker will announce another raise to its dividend, which will be announced in February or March.
Stock Performance
Foot Locker shares were up $1.04, or 2.83%, in pre-market tradi
- [By Saumya Vaishampayan and Ben Eisen]
Foot Locker Inc. (FL) �shares rose 4.1%. The retailer said strong top-line sales growth pushed up per-share earnings to 70 cents a share in the third quarter. Adjusted profit was also up at 68 cents a share, beating analyst estimates of 66 cents, according to a FactSet survey.
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