hsbc

H&R Block’s Target Cut at Goldman Sachs (HRB)

Filed in dividend, Gold, Gold Investment, goldman sachs, hsbc, o, shares, target by on December 30, 2010 0 Comments

Tax preparation specialist H&R Block, Inc. ( HRB ) on Thursday saw its price target lowered by analysts at Goldman Sachs. The firm said it now expects HRB shares to reach just $12, which represents a small upside to the stock’s Wednesday closing price of $11.77. The analyst cited the company’s recent break with refund anticipation loans provider HSBC for the move. Still, Goldman maintained its “Neutral” rating on HRB. H&R Block shares were mostly flat in premarket trading Thursday. The Bottom Line Shares of H&R Block ( HRV ) have a 5.10% dividend yield, based on last night’s closing stock price of $11.77. The stock has technical support in the $10 price area. If the shares can firm up, we see overhead resistance around the $14 price level. H&R Block, Inc. ( HRB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Market Wrap-Up for Dec.27 (AEM, GOLD, MA, V, HRB, more)

Filed in dividend, Gold, Gold Investment, hsbc, Mastercard, o, randgold, ubs by on December 27, 2010 0 Comments

We woke up on the East Coast to 20 inches plus of snow this morning. Couple that with a vacation week for many and the recipe for a roller-coaster day was in place. Volume finished about 40% lower than we have been seeing of late. The last week of the year is when I would like investors to really give their portfolio a thorough check-up to see if any weeds may have over-grown. If you use my down 25% rule to start giving serious consideration to trimming a position, you should not ever have to see big losses in your portfolio. It’s one thing if the market is down everywhere, but if that is not the case and you have a stock that is down over 25%, this is certainly a sign to pay attention to. It is not easy for investors to sell, but it is a discipline that one needs to have, even with dividend-paying stocks. I have been following many of the 2011 predictions that have been coming out from various pundits and they go from the ultra-bearish to the ultra-bullish. It is fun to read these predictions, but remember that they are only that. Some pundits will be pretty accurate and some will be well-off. Be sure to check out the video Tom and I did this past Thursday, where we chime in ourselves with what we can possibly expect to see as 2011 nears. I wanted to share with everyone that may not have heard of something called the “rule of 72″. This is great for dividend investors to know as they try and figure out how quickly your money can double. Basically take the annual percentage return – let’s say the stock’s price and dividend increases 12% combined in a year, you would divide 12 into 72. That means your investment in that particular stock would double in 6 years. If it returns 6% per year, it would take 12 years to double. Keep this in mind as you look to build long-term income and wealth. Looking at today’s market, we had traders looking for anything that was moving and “rare earth” stocks (MCP, REE) are continuing to attract their attention. Commodity plays have been a favorite for active investors, so long-term positions in the sector need to be evaluated carefully. Gold-mining plays continue to have me concerned. Looking at the stock price action in RandGold Resources ( GOLD ) and Agnico-Eagle Mines ( AEM ) has me worried that the crowded gold trade could be taking on water soon. …

Continue Reading »

H&R Block Shares Plunge as HSBC Nixes Tax Refund Loan Agreement (HRB, HBC)

Filed in dividend, Gold Investing, Gold Investment, hsbc, o, shares by on December 27, 2010 0 Comments

Tax prep specialist H&R Block, Inc. ( HRB ) on Monday saw its shares plunge in premarket trading, following an announcement by banker HSBC ( HBC ) that it has terminated the parties’ long-term tax return contract. Under the now-defunct deal, HSBC had provided all of H&R Block’s tax refund anticipation loans and a portion of its refund anticipation checks. HSBC will no longer provide those checks and loans to HRB clients. HSBC said the move comes amid regulatory moves by the Office of the Comptroller of the Currency. H&R Block shares plunged 99 cents, or -8%, in premarket trading Monday. The Bottom Line Shares of H&R Block ( HRB ) have a 4.73% dividend yield, based on Friday’s closing stock price of $12.69. The stock has technical support in the $10 price area. If the shares can firm up, we see overhead resistance around the $14-$15 price levels. H&R Block, Inc. ( HRB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Corning Started as “Overweight” at HSBC (GLW)

Filed in dividend, Gold Investing, hsbc, o, shares, target by on December 1, 2010 0 Comments

Specialty glassmaker Corning Incorporated ( GLW ) on Wednesday saw its coverage initiated with a positive “Overweight” rating by analysts at HSBC. The firm also set a $23 price target on GLW shares, which implies a 30% upside to the stock’s Tuesday closing price of $17.66. Corning produces its glass products, which include panels used for flatscreen televisions, in more than 60 plants in 13 countries around the globe. Its shares were mostly flat in premarket trading Wednesday. The Bottom Line Shares of Corning ( GLW ) have a 1.13% dividend yield, based on last night’s closing stock price of $17.66. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $20-$21 price levels. Corning Incorporated ( GLW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Gold Roars to a New Record

Gold Roars to a New Record

Filed under: Major Movement , Commodities , Federal Reserve , Currency Gold took a giant leap Wednesday with December futures soaring $23.80 to $1,370.50 an ounce. You are probably wondering what happened for gold to make such a big one-day gain? The trigger came Tuesday afternoon with the release of the Federal Reserve minutes. The Fed policy revealed plans for buying more treasuries or new policies for inflation if prices remained low. When the gold market hears the word “inflation” — it’s off to the races. And when the gold market hears the word “inflation” from the Fed, it is like pouring gasoline on a fire. Continue reading Gold Roars to a New Record Gold Roars to a New Record originally appeared on BloggingStocks on Thu, 14 Oct 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Read | Permalink | Email this | Comments

Continue Reading »

Global climate change industry is now worth more than $528bn

Filed in gld, Gold, hsbc by on September 18, 2010 0 Comments
Global climate change industry is now worth more than $528bn

Sarah-Jane Tasker The Australian Sept 18, 2010 THE global climate change industry is now worth more than $528bn, powered by China’s rise as one of the top nations for climate revenues. As the debate on setting a price on carbon in Australia continues, HSBC Global Research issued a report on climate change that showed the sector had proved resilient to the global slowdown, seeing less than a 0.9 per cent decline in revenues in 2009, as companies push ahead with plans despite political uncertainty over green policies. “Despite concerns over the risks that governments may retreat from their pledges to deliver emission reductions and continuing uncertainty surrounding the withdrawal of regulatory incentives in key markets, global climate revenues have held up remarkably well and in 2009 stood at $US530bn for listed companies,” the report says. The headline figure is greater than the global wireless telecoms services sector and comparable to the GDP of Switzerland, the report says. Full article here Having A Supply Of Healthy Foods That Last Just Makes Sense (AD)

Continue Reading »

HSBC Gets More Bullish on a Couple of Coal Producers (MEE, ACI)

Filed in dividend, Gold, Gold Investment, hsbc, shares, upgrade by on September 1, 2010 0 Comments
HSBC Gets More Bullish on a Couple of Coal Producers (MEE, ACI)

Coal producing giants Massey Energy Company ( MEE ) and Arch Coal, Inc. ( ACI ) both caught upgrades on Wednesday from analysts at HSBC. The firm boosted its rating on MEE and ACI from “Neutral” to “Overweight.” It also set a $30 price target on ACI shares, which represents an expected 33% upside to the stock’s Tuesday closing price of $22.50. Massey shares rose 96 cents, or +3.3%, while Arch Coal shares jumped 69 cents, or +3.1%, in premarket trading Wednesday. The Bottom Line Shares of ACI have a 1.78% dividend yield, based on last night’s closing stock price of $22.50. Shares of MEE have a .83% dividend yield, based on last night’s closing stock price of $28.76. Neither Massey Energy Company ( MEE ) nor Arch Coal, Inc. ( ACI ) are recommended at this time, with the stocks holding Dividend.com DARS™ Ratings of 3.1 and 3.2 out of 5 stars, respectively. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

China’s Gold Bull Market

China’s Gold Bull Market

The Chinese government is making strategic moves that could have dramatic effects on gold’s delicate supply/demand balance. This maneuver could force gold prices screaming higher as hordes of new Chinese gold investors come clamoring into the market. For investors today, the new measures promise at least two things: The gold bull market is secure with prices expected to continue marching higher. Companies with Chinese gold assets may be well-leveraged to take advantage of soaring domestic demand. Here’s how China’s new gold strategy could fundamentally alter the global market… Plus two small gold companies that are hoping to profit with well-established positions in Chinese gold assets… Advertisement BP Changes Oil Forever… and Hands You a Shot at 508% Gains Thanks to the catastrophic Gulf oil spill, the oil industry is being transformed before our eyes. Oil is about to make a huge move back onto land… and these 3 small American companies are already in prime position to lead the charge. Find out how you can piggy bank their good fortune all the way to 508% gains by July 2012. Gold: The China Impact The Chinese government just announced that it will allow more of its domestic commercial banks to import and export gold. Up until now, the international trading of gold was restricted to only five of China’s largest commercial banks. These include the Chinese divisions of HSBC and Standard Chartered. But new regulations will allow smaller financial institutions to freely trade on the Shanghai Gold Exchange and internationally. The liberalized trading rules will eventually give hundreds of millions of Chinese citizens new access to gold-linked investment products. And this creates the perfect scenario for gold’s price to finally soar over its inflation-adjusted record high of $2,500 an ounce. China’s gold market liberalization sends a strong demand signal and it’s very positive for the price of gold. It is a structural demand shift which must result in higher gold prices as the global equation has changed now significantly with more gold consumers and investors. – LGT Capital Management , voted “Private Equity Manager of the Year” 2007-2009 The international gold market is now paying a lot more attention to China’s gold demand, not just from an official reserve asset perspective, but also private demand. Behind India, China is the second-largest physical consumer. Therefore any step to integrate, liberalize, and expand this market should, in time, foster a rising appetite for gold. – UBS , the world’s second largest manager of private wealth assets. The demand for gold in China has already increased during the first half of this year as concerns over the global economic recovery spurred investment. China National Gold Group Corp., the country’s largest state-owned gold producer, even reported a 40%…

Continue Reading »

NXPI – NXPI Semiconductors

Filed in Gold, hsbc, jp morgan, lead, shares, silver by on August 9, 2010 0 Comments

2010-08-01 NXPI – NXPI Semiconductors NXP – NXPI Semiconductors plans on offering 34 million shares at a range of $18-$21. Credit Suisse, Goldman, Morgan Stanley, BofA Merrill Lynch and Barclays are leading the deal, JP Morgan, KKR, ABN Amro, HSBC and…

Continue Reading »

Why You Should Buy Gold Before China Does

Filed in euro, gld, Gold, Gold Market, gold reserves, hsbc, New Gold by on August 4, 2010 0 Comments
Why You Should Buy Gold Before China Does

A couple of weeks ago, I told you how to front-run Chinese traders in the energy market. This week, I will show you how to front-run the Chinese in gold. This morning gold spiked in price more than $17 per ounce to again break above $1,200/oz. What was the catalyst? News out of Beijing that the Chinese government was relaxing its rules on who can own the yellow metal… According to the Financial Times: China has moved to liberalize its gold market further, increasing the number of banks allowed to trade bullion internationally and announcing measures that will encourage development of gold-linked investment products. The move by Beijing’s central bank comes as the country’s investors pour record amounts of money into gold, in a trend that is becoming a significant factor on global prices. “This is a positive sign for the gold market,” said James Steel, precious metals strategist at HSBC in New York. “The Chinese statement reaffirms the vigor of the emerging markets’ demand for retail physical bullion.” New gold-linked investment products? Currently gold makes up less than 2% of China’s foreign reserves right now. In fact the exchange-traded fund GLD holds more gold than China does. Take a look at the top 10 owners of gold: As you can see by the above chart, China would have to increase its gold reserves seven-fold to reach the gross tonnage levels of the United States. But on a percentage basis, forget about it. So …

Continue Reading »

Oil Tops $80 per Barrel on Chinese Growth Outlook

Filed in hsbc, New Gold, Spot Gold by on August 2, 2010 0 Comments
Oil Tops $80 per Barrel on Chinese Growth Outlook

Filed under: China , Market Matters , Oil , Currency The price of oil has topped $80 per barrel. Crude for September delivery rose to $80.43, up $1,48 . Brent crude rose $1.61 to $78.79. U.S. natural gas shot up over $5 per million British thermal unit (BTU). Oil futures climbed 4.4% in July. Traders and investors are speculating that China will reverse its policy aimed at slowing growth. Growth in China is at its lowest level in a year. HSBC Holdings and Markit Economics reported that China’s purchasing managers index fell to 48.4, from 50.4 in June. The purchasing managers index stood at 51.2 in July. Continue reading Oil Tops $80 per Barrel on Chinese Growth Outlook Oil Tops $80 per Barrel on Chinese Growth Outlook originally appeared on BloggingStocks on Mon, 02 Aug 2010 12:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Continue Reading »

HSBC Clients Under U.S. Tax Review – Analyst Blog

Filed in Gold Investing, hsbc, silver by on July 7, 2010 0 Comments

In an effort to clamp offshore tax evasion, the U.S. authorities are investigating the U.S. clients of HSBC Holdings plc. (HBC). The clients in question are suspected not to have disclosed their accounts in India and Singapore, according to a Bloombe…

Continue Reading »