BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Dominion Resources: Back up the truck]]>http://www.bloggingstocks.com/2009/11/22/dominion-resources-back-up-the-truck/http://www.bloggingstocks.com/2009/11/22/dominion-resources-back-up-the-truck/http://www.bloggingstocks.com/2009/11/22/dominion-resources-back-up-the-truck/#commentsFiled under:

Rare is the day you should sell an electric power generation play, which is why I'm reiterating my buy rating for Dominion Resources (D), first recommended on May 8, 2009, at a price of $31.87. If you bought Dominion in May, you're up about 16%.

Dominion, a fully integrated natural gas and electric holding company, is on-track to register 2% to 4% revenue growth on higher utility revenue in F2009, but also aided by the completion of the Cove Point liquid natural gas facility. Debt reduction, as well as planned expansion of wind generation and other power projects, adds to the positive story. Dominion's annual dividend is $1.75.

Continue reading Dominion Resources: Back up the truck

Dominion Resources: Back up the truck originally appeared on BloggingStocks on Sun, 22 Nov 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Dominion ResourcesSun, 22 Nov 2009 13:40:00 EST<![CDATA[TransCanada: Pull-back is buy opportunity]]>http://www.bloggingstocks.com/2009/11/21/transcanada-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/21/transcanada-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/21/transcanada-pull-back-is-buy-opportunity/#commentsFiled under:

TransCanada Corp.'s (TRP) shares, first recommended on May 11, 2009, at a price of $26.56, have pulled back, and the dip represents a buy opportunity, which is why I'm reiterating my buy rating for the stock.

TransCanada is natural gas play with promise: it's a natural gas transmission and storage company that also owns oil assets and electric power generation assets (including 19 wholly-owned power plants). A solid $1.45 annual dividend adds to the positive story.

Continue reading TransCanada: Pull-back is buy opportunity

TransCanada: Pull-back is buy opportunity originally appeared on BloggingStocks on Sat, 21 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>TransCanadaTRPSat, 21 Nov 2009 11:40:00 EST<![CDATA[ECB Trichet's comments show central banks' delicate balancing act]]>http://www.bloggingstocks.com/2009/11/20/ecb-trichets-comments-show-central-banks-delicate-balancing-ac/http://www.bloggingstocks.com/2009/11/20/ecb-trichets-comments-show-central-banks-delicate-balancing-ac/http://www.bloggingstocks.com/2009/11/20/ecb-trichets-comments-show-central-banks-delicate-balancing-ac/#commentsFiled under: , , ,

European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation.

"Not all our liquidity measures will be needed to the same extent as in the past," Trichet said at a conference in Frankfurt Friday, Bloomberg News reported. "Any non-standard measure whose continuation would pose a threat to the achievement of price stability must be undone promptly and unequivocally."

Continue reading ECB Trichet's comments show central banks' delicate balancing act

ECB Trichet's comments show central banks' delicate balancing act originally appeared on BloggingStocks on Fri, 20 Nov 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>europeeuropean central bankEuropeanCentralBankfrankfurtinflationjean-claude trichetJean-claudeTrichetFri, 20 Nov 2009 17:40:00 EST<![CDATA[Look for ADP to rise with payrolls]]>http://www.bloggingstocks.com/2009/11/20/look-for-adp-to-rise-with-payrolls/http://www.bloggingstocks.com/2009/11/20/look-for-adp-to-rise-with-payrolls/http://www.bloggingstocks.com/2009/11/20/look-for-adp-to-rise-with-payrolls/#commentsFiled under:

If, in fact, jobless claims have peaked, that's good news for payroll services specialist Automatic Data Processing (ADP), and that's one reason I'm reiterating my buy rating for the company's shares, first recommended on June 22, 2009 at a price of $36.84. If you bought ADP in June, you're up about 20%.

Despite the worst recession in more than 25 years - one that has devastated payrolls - ADP has held its own, with its stock price this year recovering about one-half its loss following the drop from its peak in 2007.

Continue reading Look for ADP to rise with payrolls

Look for ADP to rise with payrolls originally appeared on BloggingStocks on Fri, 20 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fri, 20 Nov 2009 15:40:00 EST<![CDATA[Tyson Foods: Meandering into the new year]]>http://www.bloggingstocks.com/2009/11/20/tyson-foods-meandering-into-the-new-year/http://www.bloggingstocks.com/2009/11/20/tyson-foods-meandering-into-the-new-year/http://www.bloggingstocks.com/2009/11/20/tyson-foods-meandering-into-the-new-year/#commentsFiled under: ,

Tyson Foods' (TSN) stock has meandered since first recommended on May 11, 2009 at a price of $12.35, but I'm sticking with the stock. Here's why:

First, Tyson has the product diversity to adjust to increasingly demanding, educated U.S. consumers, who may, for example, favor chicken over pork one month, then do an end-run and return to red meat when steak prices drop.

Continue reading Tyson Foods: Meandering into the new year

Tyson Foods: Meandering into the new year originally appeared on BloggingStocks on Fri, 20 Nov 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>tsnTysonFri, 20 Nov 2009 15:20:00 EST<![CDATA[Under the radar: Rising demand for Mexico-built auto engines is another recovery sign]]>http://www.bloggingstocks.com/2009/11/19/under-the-radar-rising-demand-for-mexico-built-auto-engines-is/http://www.bloggingstocks.com/2009/11/19/under-the-radar-rising-demand-for-mexico-built-auto-engines-is/http://www.bloggingstocks.com/2009/11/19/under-the-radar-rising-demand-for-mexico-built-auto-engines-is/#commentsUnder the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point: Demand for Mexico-built vehicle engines is rising, helping to pull Mexico's economy out of it's recession, Bloomberg News reported.

The significance for investors? The increased demand for engines made south-of-the-border is being driven by a rebound in U.S. auto sales. Again, the increased sales trend is nothing to write home about -- U.S. automaker new vehicle sales rose in October and are expected to rise in November, as well, according to data compiled by Edmunds.com, Dow Jones reported, but the important dimension is the trend's direction.

Continue reading Under the radar: Rising demand for Mexico-built auto engines is another recovery sign

Under the radar: Rising demand for Mexico-built auto engines is another recovery sign originally appeared on BloggingStocks on Thu, 19 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 19 Nov 2009 17:00:00 EST<![CDATA[United States on verge of historic Senate debate on health care]]>http://www.bloggingstocks.com/2009/11/19/united-states-on-verge-of-historic-senate-debate-on-health-care/http://www.bloggingstocks.com/2009/11/19/united-states-on-verge-of-historic-senate-debate-on-health-care/http://www.bloggingstocks.com/2009/11/19/united-states-on-verge-of-historic-senate-debate-on-health-care/#commentsFiled under:

Any experienced investor knows that these are not normal times. But they could become truly historic times, if the United States is able to pass universal health care legislation in the the weeks ahead.

Sen. Majority Leader Harry Reid, D-Nevada, has crafted a health care bill that would cut the U.S. budget deficit by about $130 billion over 10 years, while extending coverage to up to 94% of Americans, The Associated Press reported Thursday. The bill's estimate cost is $848 billion.

Continue reading United States on verge of historic Senate debate on health care

United States on verge of historic Senate debate on health care originally appeared on BloggingStocks on Thu, 19 Nov 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Harry ReidHarryReidhealth carehealthcareinthenewsUS SenateUsSenateThu, 19 Nov 2009 16:30:00 EST<![CDATA[Goodyear Tire is undervalued]]>http://www.bloggingstocks.com/2009/11/19/goodyear-tire-is-undervalued/http://www.bloggingstocks.com/2009/11/19/goodyear-tire-is-undervalued/http://www.bloggingstocks.com/2009/11/19/goodyear-tire-is-undervalued/#commentsGoodyear Tire & Rubber Co.'s (GT) stock has meandered of late, but I'm nevertheless reiterating my buy rating for the company, first recommended on May 5, 2009 at a price of $13.30. Here's why.

Institutional investors sold GT after the company reported a 15% reduction in Q3 revenue, and the view from here argues the selling was overdone. Goodyear will benefit from tire demand growth in 2010.

Continue reading Goodyear Tire is undervalued

Goodyear Tire is undervalued originally appeared on BloggingStocks on Thu, 19 Nov 2009 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 19 Nov 2009 15:30:00 EST<![CDATA[Capital One: Close position, take profits]]>http://www.bloggingstocks.com/2009/11/19/capital-one-close-position-take-profits/http://www.bloggingstocks.com/2009/11/19/capital-one-close-position-take-profits/http://www.bloggingstocks.com/2009/11/19/capital-one-close-position-take-profits/#commentsFiled under:

As expected, Capital One Financial Corp.'s (COF) stock has seen increased interest in the past six months, on the argument that charge-offs will peak in mid-2010. First recommended on May 7, 2009 at a price of $29.41, if you bought COF in May, you're up about 37%.

However, technically the stock will face substantial two-year resistance at $43-45, more resistance above that, and then psychological resistance at $50. That's considerable resistance to overcome in a modest-growth U.S. economy.

Continue reading Capital One: Close position, take profits

Capital One: Close position, take profits originally appeared on BloggingStocks on Thu, 19 Nov 2009 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 19 Nov 2009 14:30:00 EST<![CDATA[Consider Schlumberger, because oil isn't going out of style]]>http://www.bloggingstocks.com/2009/11/18/consider-schlumberger-because-oil-isnt-going-out-of-style/http://www.bloggingstocks.com/2009/11/18/consider-schlumberger-because-oil-isnt-going-out-of-style/http://www.bloggingstocks.com/2009/11/18/consider-schlumberger-because-oil-isnt-going-out-of-style/#commentsFiled under: ,

One can look at likely rising oil and gasoline prices one of two ways. You can get frustrated, or you can profit from it by buying Schlumberger Ltd. (SLB), which is why I'm reiterating my buy rating for the company, first recommended on May 6, 2009 at a price of $56.09. If you bought SLB in May, you're up about 18%.

Some in the oil sector remain concerned about the recovery in demand for oilfield services. Based on the growth track for emerging markets, that concern is not warranted: the natural gas segment may encounter some head-winds, near-term, because in that energy commodity, the glut of supply has actually been matched by a low price. But oil? Forget about it. Business is booming: the supply glut of oil has done little to lower its price, which shows one the many roles oil plays (alternative asset, inflation hedge, weak dollar hedge) in the modern economy, to Schlumberger's benefit. The First Call FY2009/FY2010 EPS estimates for SLB are $2.71 to $2.81.

Continue reading Consider Schlumberger, because oil isn't going out of style

Consider Schlumberger, because oil isn't going out of style originally appeared on BloggingStocks on Wed, 18 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>oiloil productionOilProductionSchlumberger LimitedSchlumbergerLimitedWed, 18 Nov 2009 18:00:00 EST<![CDATA[All the American people want for Christmas is 15 million new jobs]]>http://www.bloggingstocks.com/2009/11/18/all-the-american-people-want-for-christmas-is-15-million-new-job/http://www.bloggingstocks.com/2009/11/18/all-the-american-people-want-for-christmas-is-15-million-new-job/http://www.bloggingstocks.com/2009/11/18/all-the-american-people-want-for-christmas-is-15-million-new-job/#commentsFiled under: , ,

U.S. House Majority Leader Steny Hoyer, D-Maryland, says he expects the House to vote on legislation that would create more jobs by the year-end holiday recess.

"Clearly 10.2% unemployment is unacceptable and is causing great pain to literally millions of people around the country," U.S. Rep. Hoyer said, CNN.com reported Tuesday.

Continue reading All the American people want for Christmas is 15 million new jobs

All the American people want for Christmas is 15 million new jobs originally appeared on BloggingStocks on Wed, 18 Nov 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsjobsSteny Hoyerunemployment rateWed, 18 Nov 2009 16:20:00 EST<![CDATA[Obama approval rating dips below 50% for first time in Quinnipiac Poll]]>http://www.bloggingstocks.com/2009/11/18/obama-approval-rating-dips-below-50-for-first-time-in-quinnipia/http://www.bloggingstocks.com/2009/11/18/obama-approval-rating-dips-below-50-for-first-time-in-quinnipia/http://www.bloggingstocks.com/2009/11/18/obama-approval-rating-dips-below-50-for-first-time-in-quinnipia/#commentsFiled under: ,

A minor caution flag for the Obama administration: President Obama's approval rating as surveyed by a major poll has fallen below 50% for the first time since his inauguration.

Obama's approval rating fell to 48% in polling done by Quinnipiac University. The Quinnipiac University Poll surveyed 2,518 registered voters November 9-16 and has a margin of error of +/- 2%. The 48% approval rating is down from a 59% approval rating in February/March.

Further, the percentage of registered voters who approve of Obama's handling of the economy also declined, to 43% in November from 47% in October. On the economy, the approval rating was split along party lines: 13% of Republicans approved, compared to 38% for Independents, and 77% for Democrats.

Continue reading Obama approval rating dips below 50% for first time in Quinnipiac Poll

Obama approval rating dips below 50% for first time in Quinnipiac Poll originally appeared on BloggingStocks on Wed, 18 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsjobsObamaQuinnipiac Pollunemployment rateWed, 18 Nov 2009 15:40:00 EST<![CDATA[Avon is still calling]]>http://www.bloggingstocks.com/2009/11/18/avon-is-still-calling/http://www.bloggingstocks.com/2009/11/18/avon-is-still-calling/http://www.bloggingstocks.com/2009/11/18/avon-is-still-calling/#commentsFiled under: ,

Avon Products (AVP) has broken through key resistance at $33, hence I'm removing my hold on the company's shares, first recommended on May 6, 2009 at a price of $23.12. If you bought in May, you're up about 50%.

Still, it should be noted that this is probably the last opportunity to buy Avon shares and earn an outsized gain during the current economic expansion, as a $50-55 top for AVP is seen.

Continue reading Avon is still calling

Avon is still calling originally appeared on BloggingStocks on Wed, 18 Nov 2009 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>avpWed, 18 Nov 2009 15:20:00 EST<![CDATA[Research in Motion: Hold shares]]>http://www.bloggingstocks.com/2009/11/18/research-in-motion-hold-shares/http://www.bloggingstocks.com/2009/11/18/research-in-motion-hold-shares/http://www.bloggingstocks.com/2009/11/18/research-in-motion-hold-shares/#commentsFiled under:

I'm placing a hold on Research In Motion's (RIMM) shares, first recommended on May 5, 2009 at a price of $77.07, pending its Q4 report in about a month.

RIMM will report Q4 EPS on December 17, 2009, and the First Call Q4 EPS estimate is $1.04.

Continue reading Research in Motion: Hold shares

Research in Motion: Hold shares originally appeared on BloggingStocks on Wed, 18 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>RIMMWed, 18 Nov 2009 14:00:00 EST<![CDATA[Northeast Utilities: A safe port amid uncertain seas]]>http://www.bloggingstocks.com/2009/11/18/northeast-utilities-a-safe-port-amid-uncertain-seas/http://www.bloggingstocks.com/2009/11/18/northeast-utilities-a-safe-port-amid-uncertain-seas/http://www.bloggingstocks.com/2009/11/18/northeast-utilities-a-safe-port-amid-uncertain-seas/#commentsFiled under:

It goes without saying that I favor the electric power generation sector, and among them, fewer are steadier than Connecticut-based Northeast Utilities (NU), hence I'm reiterating my buy rating for the company, first recommended on May 6, 2009 at a price of $21.48.

Don't look for mega revenue growth or gargantuan customer gains with NU, just predictable, steady earnings growth, evenly split between the company's generating/distribution business and its transmission business; look for the company's transmission sector to play an increasing role in revenue growth, moving forward. NU serves about 1.9 million customers, primarily in Connecticut, but also in New Hampshire and Massachusetts.

Continue reading Northeast Utilities: A safe port amid uncertain seas

Northeast Utilities: A safe port amid uncertain seas originally appeared on BloggingStocks on Wed, 18 Nov 2009 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsNortheast UtilitiesNUWed, 18 Nov 2009 10:40:00 EST<![CDATA[General Cable Corp.: Pull-back is buy opportunity]]>http://www.bloggingstocks.com/2009/11/17/general-cable-corp-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/17/general-cable-corp-pull-back-is-buy-opportunity/http://www.bloggingstocks.com/2009/11/17/general-cable-corp-pull-back-is-buy-opportunity/#commentsFiled under:

Based on its decent Q3 performance and the 2010 outlook for the U.S./global economies, I'm reiterating my buy rating for General Cable Corporation (BGC), first recommended on May 5, 2009, at a price of $34.59.

General Cable, which develops, designs, manufactures, and distributes copper, aluminum, and fiber optic wire and cable products for the communications, energy and electrical markets, reported Q3 EPS of 55 cents, above the First Call Q3 EPS estimate of 53 cents. However, General Cable gave up yearly gains because it announced a Q4 production cut -- one that will likely weigh on Q4 earnings.

Continue reading General Cable Corp.: Pull-back is buy opportunity

General Cable Corp.: Pull-back is buy opportunity originally appeared on BloggingStocks on Tue, 17 Nov 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BGCcopper cableelectrical cablefiber optic cableGeneral Cable Corp.Tue, 17 Nov 2009 17:30:00 EST<![CDATA[Under the radar: Bidding wars resume for New York City housing]]>http://www.bloggingstocks.com/2009/11/17/under-the-radar-bidding-wars-resume-for-new-york-city-housing/http://www.bloggingstocks.com/2009/11/17/under-the-radar-bidding-wars-resume-for-new-york-city-housing/http://www.bloggingstocks.com/2009/11/17/under-the-radar-bidding-wars-resume-for-new-york-city-housing/#commentsFiled under: ,

Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point: It's a hopeful sign, albeit one that will need to be confirmed by many more data points: bidding wars for residential real estate in New York City have returned, The New York Times reported.

Continue reading Under the radar: Bidding wars resume for New York City housing

Under the radar: Bidding wars resume for New York City housing originally appeared on BloggingStocks on Tue, 17 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>home pricesNew York Cityreal estateRealEstateTue, 17 Nov 2009 17:00:00 EST<![CDATA[Look for U.S. to play catch-up regarding nuclear power in the decade ahead]]>http://www.bloggingstocks.com/2009/11/17/look-for-u-s-to-play-catch-up-regarding-nuclear-power-in-the-de/http://www.bloggingstocks.com/2009/11/17/look-for-u-s-to-play-catch-up-regarding-nuclear-power-in-the-de/http://www.bloggingstocks.com/2009/11/17/look-for-u-s-to-play-catch-up-regarding-nuclear-power-in-the-de/#commentsFiled under: ,

From the this-is-long-overdue department, legislation introduced in the U.S. Senate would allocate as much as $20 billion in federal funds over 10 years to develop energy technology and double the nation's nuclear power output, Bloomberg News reported.

Legislation co-sponsored by U.S. Sen. Lamar Alexander, R-Tennessee, and U.S. Senator Jim Webb, D-Virginia, would offer $100 billion in loan guarantees for nuclear plants, which would amount to a $10 billion federal government liability. The bill would also fund research in solar energy, carbon capture, and other energy technologies.

Continue reading Look for U.S. to play catch-up regarding nuclear power in the decade ahead

Look for U.S. to play catch-up regarding nuclear power in the decade ahead originally appeared on BloggingStocks on Tue, 17 Nov 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsnuclear powerTue, 17 Nov 2009 16:20:00 EST<![CDATA[American Electric Power: Safety, dividend, and decent growth are hard to beat]]>http://www.bloggingstocks.com/2009/11/17/american-electric-power-safety-dividend-and-decent-growth-are/http://www.bloggingstocks.com/2009/11/17/american-electric-power-safety-dividend-and-decent-growth-are/http://www.bloggingstocks.com/2009/11/17/american-electric-power-safety-dividend-and-decent-growth-are/#commentsFiled under:

U.S. electric power demand may be sluggish, due to the recession, but investors should view that as a temporary phenomenon. True, increased energy efficiency across the U.S. economy will be a trend for the next decade and beyond, but relatively low-cost electric power does not go out of style, which is why I'm reiterating my buy rating for American Electric Power Inc. (AEP), first recommended on May 4, 2009 at a price of $25.38.

If you bought AEP in May, you're up about 25%. AEP's above-average total return on equity story remains intact. Look for an increase in retail electric demand in F2010, and that fact, combined with a decline in operating/maintenance costs, and little impact from greenhouse gas legislation until about 2018 or 2020, translates into a bargain stock at a P/E of 12.

Continue reading American Electric Power: Safety, dividend, and decent growth are hard to beat

American Electric Power: Safety, dividend, and decent growth are hard to beat originally appeared on BloggingStocks on Tue, 17 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AEPAmerican Electric PowerTue, 17 Nov 2009 14:00:00 EST<![CDATA[American Express is in an uptrend]]>http://www.bloggingstocks.com/2009/11/16/american-express-is-in-an-uptrend/http://www.bloggingstocks.com/2009/11/16/american-express-is-in-an-uptrend/http://www.bloggingstocks.com/2009/11/16/american-express-is-in-an-uptrend/#commentsFiled under: ,

With American Express Co., (AXP), it's best to look down the field, i.e. think long-term, which is why I'm reiterating my Buy rating for the company, first recommended on April 27, 2009 at a price of $27.28. If you bought AXP in April, you're up about 51%.

As forecast, institutional investors (IIs) have looked right past AXP's likely double-digit revenue decline for 2009, to the probable sunnier skies in 2010. In the year ahead, charge-offs should continued to stabilize, amid slowing delinquencies.

Continue reading American Express is in an uptrend

American Express is in an uptrend originally appeared on BloggingStocks on Mon, 16 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>american expressAmericanExpressAXPcredit cardsCreditCardsfinancemerchantsMon, 16 Nov 2009 18:00:00 EST