Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Tag: dividend-stocks
EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run
EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run to 1.3860 or higher The EURUSD slipped below 1.3500 this week, but found a good support around 1.3420 area before bounced significantly higher and hit 1.3714 on Friday. As you can see on my daily chart below, the bullish flag is broken out to the upside, suggests potential bullish continuation scenario which started from 1.2873. This fact not only open the door for further bullish run testing 1.3800 – 1.3860 key resistance area, but could create a bigger bullish scenario testing 1.4200 – 1.4300. Immediate support is seen around 1.3650 followed by 1.3550. A break below 1.3550 could cancel the bullish flag upside scenario re-testing 1.3420 key support level. Have a great weekend and see you guys next week.
Market Wrap-Up for Feb.18 (JWN, CF, DLR, SWK, EOG, WTW, more)
We’re saw a gradual rise for the DOW as other indices remained fairly flat, finishing what has been a generally solid week for the averages. We added a new yield-focused name to our recommended list today, while also removing three growth names from our list as well. Be sure to check out Dividend.com Premium for those stories if you did not read the e-mail alerts we sent out earlier today. Elsewhere, earnings results are lifting shares of Digital Realty Trust ( DLR ), a recent addition to our recommended list. Nordstrom ( JWN ) bounced off of earlier levels and closed higher following the company’s earnings report, as well as news the company was buying a private sales e-commerce company. Wall Street upgrades pushed several stocks higher, including Stanley Black & Decker ( SWK ), EOG Resources ( EOG ), and Raytheon ( RTN ). On the downside, fertilizer play CF Industries ( CF ) sold off after reporting better-than-expected results. Weight Watchers ( WTW ) also gave back just a smidgen of yesterday’s huge gains. The speculation in the venture capital space continues to rage on as we continue to hear about huge rounds of money being raised at ever-climbing market valuations. Mark Cuban just came out with some comments that echoed what I have been saying about the “game” that is going on, where eventually regular investors get burned with the usual late invitations to participate (post-IPO after the insiders have already cashed…
National Bank of Greece (NBG) Bid Rejected by Alpha Bank
The $3.8 billion unsolicited from National Bank of Greece SA (NYSE:NBG) for Alpha Bank SA, was rejected as an inadequate offer by Alpha’s board.National Bank of Greece SA is the largest in the country and Alpha Bank is the third-largest bank in Greece.When making the offer for Alpha on January 18, National Bank asked for Alpha to give the bid “serious consideration.” National Bank said the new
Dr Pepper Snapple Q4 Profit Falls, but Still Beats View; Shares Rise (DPS)
Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Thursday posted better-than-expected fourth quarter earnings, sending its shares soaring in premarket trading. The Plano, TX-based company reported fourth quarter net income of $112 million, or 49 cents per share, compared with $114 million, or 44 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 67 cents per share. Net sales rose 4% from last year to $1.41 billion. On average, Wall Street analysts expected a smaller adjusted profit of 63 cents per share. Looking ahead, the company forecast full-year 2011 earnings to range from $2.70 to $2.78 per share, while analysts expect $2.72 per share for the year. Dr Pepper Snapple shares rose $1.50, or +4.4%, in premarket trading Thursday. The Bottom Line We recently added shares of Dr.Pepper Snapple Group ( DPS ) to our recommended list. The company has a 2.92% dividend yield, based on last night’s closing stock price of $34.25. Dr Pepper Snapple Group Inc. ( DPS ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .
Nokia, Microsoft Announce Strategic Smartphone Alliance (NOK, MSFT)
Mobile phone maker Nokia Corporation ( NOK ) and software giant Microsoft Corporation ( MSFT ) on Friday announced a pact to team up against rivals Apple ( AAPL ) and Google ( GOOG ), who are thus far winning the smartphone race hands-down. In pursuant to the deal, Nokia will utilize Microsoft’s Windows Phone software as the platform for its mobile phones, marking a monumental shift from the Finnish company’s prior strategy of programming the operating system for its own devices. The move comes just days after a leaked internal Nokia memo from CEO Stephen Elop, in which he warned his employees the company was simply being outdone by its mobile phone competitors. Elop didn’t say when the first Nokia device running on Windows Phone software would ship, but did note that the company would not abandon its trademark Symbian operating system, nor the new Meego platform it’s currently developing. Nokia shares plunged $1.08, or -10%, in premarket trading Friday. The Bottom Line Shares of Nokia ( NOK ) have a 4.78% dividend yield, based on last night’s closing stock price of $10.88. Shares of Microsoft ( MSFT ) have a 2.33% dividend yield, based on last night’s closing stock price of $27.50. Nokia Corporation ( NOK ) and Microsoft Corporation ( MSFT ) are both rated “Neutral,” holding Dividend.com DARS™ Ratings of 3.1 and 3.4 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 .
