Japanese shares mixed on stronger yen, carmakers' rebound
Japanese stocks were mixed Friday as some export-oriented issues were dragged down by a stronger yen but carmakers were bolstered by news that chipmaker Renesas Electronics Corp would resume operations earlier than planned after the March 11 earthquake and tsunami.
The Nikkei 225 Stock Average lost 3.56 points, or 0.04 per cent, to close at 9,682.21. The broader Topix index was up 0.46 points, or 0.05 per cent, at 842.18.
For the week, the Nikkei rose 0.95 per cent while the Topix edged up 0.11 per cent.
Renesas, a key supplier of chips to the automotive industry, helped carmakers rebound in the afternoon. Toyota Motor Corp surged 3.13 per cent, Nissan Motor Co soared 3.62 per cent and Honda Motor Co 2.28 per cent.
The yen rose against major currencies, hovering in the higher 81-yen level to the dollar. A stronger yen makes Japanese goods more expensive abroad and erodes repatriated earnings.
On currency markets at 3 pm (0600 GMT), the dollar traded at 81.86-88 yen, down from Thursday's 5 pm quote of 82.07-09 yen.
The euro traded at 1.4579-4584 dollars, down from 1.4640-4641 dollars Thursday, and at 119.38-40 yen, down from 120.15-19 yen.
Friday, April 22, 2011
US Stocks Finish Week Higher, Boosted By Earnings
U.S. blue-chip stocks pushed to a fresh multi-year high Thursday to end a holiday-shortened week as a round of robust earnings reports overshadowed lackluster U.S. economic data.
The Dow Jones Industrial Average finished up 52.45 points, or 0.42%, at 12505.99, its highest close since June 5, 2008. Travelers rose $2.19, or 3.7%, to 61.32, after the insurer boosted its dividend as first-quarter profit exceeded Street forecasts.
The Nasdaq Composite climbed 17.65, or 0.6%, to 2820.16, its highest close since Feb. 18. The Standard & Poor's 500-stock index added 7.02, or 0.5%, to 1337.38.
Better-than-expected earnings from bellwether companies helped the market extend gains this week, pushing the Dow up 1.3% over four sessions. The stock market will be closed on Friday in observance of Good Friday.
Volume was light on Thursday ahead of the three-day weekend. Only 3.7 billion shares traded hands in New York Stock Exchange Composite volume, below the average daily volume of roughly 4.46 billion shares.
Apple helped lead the technology sector higher on Thursday, rising 8.29, or 2.4%, to 350.70, after the computer and electronics-devices maker reported quarterly profits that nearly doubled as consumers snapped up iPhones.
Verizon Communications slid 88 cents, or 2.3%, to 36.91, after its first-quarter profit more than tripled, but its average revenue per user rose by less than analysts expected.
Still, investors said first-quarter earnings have added to the market's upward momentum.
"Apple's earnings seem to indicate that the consumer is doing well," said Tom Villalta, lead portfolio manager at the Jones/Villalta Opportunity Fund. That has eased some fears that companies would get hit in the first quarter if rising crude-oil prices made consumers more reluctant to spend. "What we're seeing in earnings is it's not having as pronounced an effect as we had thought," he said.
U.S. economic data eroded some of the market's confidence in the recovery. The Federal Reserve Bank of Philadelphia's regional business index was 18.5 in April, falling below analysts' estimates for a 35.0 reading. Separately, the number of weekly jobless claims declined, but by less than expected, and the previous week's figures were revised up.
"We're not out of the woods just yet," cautioned Kevin Mahn, chief investment officer at Hennion & Walsh. "It's going to be very difficult for our economy to produce the number of jobs that we need."
Among other companies reporting earnings, Morgan Stanley's shares jumped 44 cents, or 1.7%, to 26.48, after earnings beat Wall Street's estimates, though revenue fell short of forecasts.
Shares of McDonald's fell 1.49, or 1.9%, to 76.91, after the fast-food giant's earnings beat analyst estimates, but its operating margin edged higher. General Electric shed 45 cents, or 2.2%, to 19.95, after the the industrial conglomerate's earnings beat forecasts and GE boosted its quarterly dividend by a penny, but analysts noted margin concerns.
Mutual-fund company T.Rowe Price fell 2.29, or 3.5%, to 64.08, after its first-quarter earnings and revenue missed Street forecasts.
The U.S. dollar weakened against both the euro and the yen. The euro was trading recently at $1.4548, up from $1.4523 late Wednesday in New York.
Demand for U.S. Treasurys rose, pushing yield on the 10-year note down to 3.40%.
Crude-oil prices settled above $112 a barrel, while Comex gold futures for April delivery settled at a record high above $1,503 per ounce.
U.S. blue-chip stocks pushed to a fresh multi-year high Thursday to end a holiday-shortened week as a round of robust earnings reports overshadowed lackluster U.S. economic data.
The Dow Jones Industrial Average finished up 52.45 points, or 0.42%, at 12505.99, its highest close since June 5, 2008. Travelers rose $2.19, or 3.7%, to 61.32, after the insurer boosted its dividend as first-quarter profit exceeded Street forecasts.
The Nasdaq Composite climbed 17.65, or 0.6%, to 2820.16, its highest close since Feb. 18. The Standard & Poor's 500-stock index added 7.02, or 0.5%, to 1337.38.
Better-than-expected earnings from bellwether companies helped the market extend gains this week, pushing the Dow up 1.3% over four sessions. The stock market will be closed on Friday in observance of Good Friday.
Volume was light on Thursday ahead of the three-day weekend. Only 3.7 billion shares traded hands in New York Stock Exchange Composite volume, below the average daily volume of roughly 4.46 billion shares.
Apple helped lead the technology sector higher on Thursday, rising 8.29, or 2.4%, to 350.70, after the computer and electronics-devices maker reported quarterly profits that nearly doubled as consumers snapped up iPhones.
Verizon Communications slid 88 cents, or 2.3%, to 36.91, after its first-quarter profit more than tripled, but its average revenue per user rose by less than analysts expected.
Still, investors said first-quarter earnings have added to the market's upward momentum.
"Apple's earnings seem to indicate that the consumer is doing well," said Tom Villalta, lead portfolio manager at the Jones/Villalta Opportunity Fund. That has eased some fears that companies would get hit in the first quarter if rising crude-oil prices made consumers more reluctant to spend. "What we're seeing in earnings is it's not having as pronounced an effect as we had thought," he said.
U.S. economic data eroded some of the market's confidence in the recovery. The Federal Reserve Bank of Philadelphia's regional business index was 18.5 in April, falling below analysts' estimates for a 35.0 reading. Separately, the number of weekly jobless claims declined, but by less than expected, and the previous week's figures were revised up.
"We're not out of the woods just yet," cautioned Kevin Mahn, chief investment officer at Hennion & Walsh. "It's going to be very difficult for our economy to produce the number of jobs that we need."
Among other companies reporting earnings, Morgan Stanley's shares jumped 44 cents, or 1.7%, to 26.48, after earnings beat Wall Street's estimates, though revenue fell short of forecasts.
Shares of McDonald's fell 1.49, or 1.9%, to 76.91, after the fast-food giant's earnings beat analyst estimates, but its operating margin edged higher. General Electric shed 45 cents, or 2.2%, to 19.95, after the the industrial conglomerate's earnings beat forecasts and GE boosted its quarterly dividend by a penny, but analysts noted margin concerns.
Mutual-fund company T.Rowe Price fell 2.29, or 3.5%, to 64.08, after its first-quarter earnings and revenue missed Street forecasts.
The U.S. dollar weakened against both the euro and the yen. The euro was trading recently at $1.4548, up from $1.4523 late Wednesday in New York.
Demand for U.S. Treasurys rose, pushing yield on the 10-year note down to 3.40%.
Crude-oil prices settled above $112 a barrel, while Comex gold futures for April delivery settled at a record high above $1,503 per ounce.
Friday, April 8, 2011
OTC Signal Daily Stock Watch
Coyote Resources Inc. recently announced the appointment of Mr. David C. Beling to the Board of Directors. Mr. Beling brings a combination of project and corporate experience to Coyote Resources, with over 47 years experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has evaluated or been directly involved with 84 underground mines, 127 open pit mines and 163 process plants worldwide, working with major corporations and several Canadian and US junior mining companies.
Since 1981 Mr. Beling has served as a senior executive and member of the Board of Directors of eight public mining companies and several private corporations. In addition to managing operations he has contributed to the initiation and closing of debt and equity financings, commodity and asset sales, mergers, acquisitions and joint ventures. Mr. Beling recently retired from Geovic Mining Corp. after nearly eight years as their Executive Vice President & COO. He was responsible for developing their cobalt-nickel-manganese project in Cameroon, Africa.
Coyote Resources Coyote Resources Inc. is a precious metals exploration company focused on acquisition and exploration of silver and gold production potential. Based in Reno, Nevada, Coyote Resources has a portfolio of exploration properties in Nevada.
For more information on Coyote Resources, visit: www.coyoteresourcesinc.com.
ABOUT OTC Signal
OTC Signal (www.otcsignal.com) is a stock watch website that provides free daily alerts on stocks. OTC Signal's alerts include news releases or daily e-mails on stocks in all sectors of the market. These include stocks with high or low volume, penny stocks, stocks with technical indicators and much more. OTC Signal tracks stocks that may be moving upwards or downwards. OTC Signal also features companies on its website with company profiles, research reports, analysis, and newsletters.
OTC Signal is an independent electronic publication that provides information on selected publicly traded companies. OTC Signal is not a registered investment advisor or broker-dealer. OTC Signal including affiliates, officers, directors, contractors and employees may buy, sell or hold shares in any company mentioned herein and may profit in the event those shares increase or decrease in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
To join and start receiving our FREE e-mail alerts and newsletter, please visit: http://www.otcsignal.com
Disclaimers-
Release of Liability: Through use of this website viewing or using you agree to hold OTCSignal.com, its operators, owners, and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities.
The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTC Signal encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTC Signal makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTC Signal has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTC Signal also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in any stock (large-cap, small-cap, or micro-cap security) is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTC Signal makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCSignal.com. OTC Signal owners may or may not hold positions in any of the companies that are profiled.
SAFE HARBOR: The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements. Factors that could cause actual results to differ include but are not limited to; the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements and changing price and market conditions. Investing in securities is speculative and carries risk. Past performance does not guarantee future results. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements. The following report is neither an offer to buy or sell securities. Never invest in any stock featured on the OTC Signal Stock Watch website unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list.
Coyote Resources Inc. recently announced the appointment of Mr. David C. Beling to the Board of Directors. Mr. Beling brings a combination of project and corporate experience to Coyote Resources, with over 47 years experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has evaluated or been directly involved with 84 underground mines, 127 open pit mines and 163 process plants worldwide, working with major corporations and several Canadian and US junior mining companies.
Since 1981 Mr. Beling has served as a senior executive and member of the Board of Directors of eight public mining companies and several private corporations. In addition to managing operations he has contributed to the initiation and closing of debt and equity financings, commodity and asset sales, mergers, acquisitions and joint ventures. Mr. Beling recently retired from Geovic Mining Corp. after nearly eight years as their Executive Vice President & COO. He was responsible for developing their cobalt-nickel-manganese project in Cameroon, Africa.
Coyote Resources Coyote Resources Inc. is a precious metals exploration company focused on acquisition and exploration of silver and gold production potential. Based in Reno, Nevada, Coyote Resources has a portfolio of exploration properties in Nevada.
For more information on Coyote Resources, visit: www.coyoteresourcesinc.com.
ABOUT OTC Signal
OTC Signal (www.otcsignal.com) is a stock watch website that provides free daily alerts on stocks. OTC Signal's alerts include news releases or daily e-mails on stocks in all sectors of the market. These include stocks with high or low volume, penny stocks, stocks with technical indicators and much more. OTC Signal tracks stocks that may be moving upwards or downwards. OTC Signal also features companies on its website with company profiles, research reports, analysis, and newsletters.
OTC Signal is an independent electronic publication that provides information on selected publicly traded companies. OTC Signal is not a registered investment advisor or broker-dealer. OTC Signal including affiliates, officers, directors, contractors and employees may buy, sell or hold shares in any company mentioned herein and may profit in the event those shares increase or decrease in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
To join and start receiving our FREE e-mail alerts and newsletter, please visit: http://www.otcsignal.com
Disclaimers-
Release of Liability: Through use of this website viewing or using you agree to hold OTCSignal.com, its operators, owners, and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities.
The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTC Signal encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTC Signal makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTC Signal has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTC Signal also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in any stock (large-cap, small-cap, or micro-cap security) is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTC Signal makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCSignal.com. OTC Signal owners may or may not hold positions in any of the companies that are profiled.
SAFE HARBOR: The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements. Factors that could cause actual results to differ include but are not limited to; the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements and changing price and market conditions. Investing in securities is speculative and carries risk. Past performance does not guarantee future results. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statements. The following report is neither an offer to buy or sell securities. Never invest in any stock featured on the OTC Signal Stock Watch website unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list.
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