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Here Comes the Kitchen Sink

July 22nd, 2011

We mentioned yesterday the bulls looked as though they were going to go for broke.

The market was at critical levels to start the week and Monday it appeared it was the bears, not the bulls that had the upper hand and the momentum.  Heck, the bears even had the majority of the talking heads, the analysts on Wall Street and 75% of the public calling for a pullback and a test to new lows.

Well, that is why we have a stock market, folks.

The bulls have been riding a wave of good 2Q earnings and a possible resolution to the U.S. debt 

Read more…

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Post Properties, Inc. – Growth & Income

July 21st, 2011

One industry that is benefiting from the collapse in residential real estate is the apartment business. Apartment REIT Post Properties, Inc. (PPS – Snapshot Report) is no exception. The company has delivered 7 consecutive positive earnings surprises as rents have increased and vacancies have fallen.

Earnings estimates have been rising over the last several months, sending the stock to a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts are projecting 37% earnings growth in 2011 and 12% growth in 2012.

Post Properties also pays a dividend that yields 1.9%.

Housing’s Loss, Apartment’s Gain

Post Properties is an apartment REIT that develops and operates upscale multifamily communities. The company owns interests in 21,431 apartment units in 57 communities.

Potential home buyers have become increasingly gun-shy about buying real estate as home prices have collapsed across the country. Additionally, credit is harder to come by than it was a few years ago, and lenders are also requiring bigger down payments to mitigate their risk. These factors are driving more and more households into the rental market.

With homeownership rates declining, apartment vacancy rates have been declining. Read more…

Tags: Inc, Post Properties

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Tech earnings help stocks end week with solid gain (AP)

July 21st, 2011

A big earnings miss from Caterpillar wasn’t enough to derail a rally that pushed the stock market up 2 percent for the week.

Caterpillar fell almost 6 percent Friday after its second-quarter results came in below analysts’ expectations. Technology stocks rose broadly following strong earnings from the chip maker Advanced Micro Devices and Microsoft.

The Dow Jones industrial average is closing with a loss of 43 points, or 0.3 percent, to 12,681. The Standard and Poor’s 500 index is up 1, or 0.1 percent, to 1,345. The Nasdaq is up 24, or 0.9 percent, at 2,589. Each index finished the week higher.

Rising and falling shares were about even on the New York Stock Exchange. Volume was lighter than average at 3.3 billion shares.

Tags: Week, Week Solid

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OTC Stock in the Lead: SavWatt Shares leap after Shareholder Update

July 21st, 2011

Shares of SavWatt USA Inc. (OTC: SAVW) surged more than 10% today after the LED lighting solutions company offered its shareholders an update on events. At last check, SavWatt shares were trading 12.77% higher at $0.0053, with volume at 52.16 million.

SavWatt said that the grand opening of its Baltimore manufacturing facilities and general office is set for July 28, and it has already opened an office in New York to help grow its projects.

On the product front, the company informed shareholders that its Eco-Pole has been installed at the DDOT in Washington and is in test mode, and thus far, has already received encouraging feedback . The company will install an Eco-Pole at Stony Brook University’s new Energy Science Center in August.

SavWatt also noted the formation of a subsidiary in Europe called SavWatt Europe Ltd.

Michael Haug, SavWatt CEO, said that the company’s entire staff continues to work extremely hard at making it a leader in the sustainable energy field. Hau

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Tags: Savwatt Shares, Update

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Lights Out — The Opportunity in a China Blackout

July 21st, 2011

You’ve got a perfect hand at the blackjack table… and you’ve got a lot of patacas in your bet pile.

The night’s been lucky for you at the Lisboa Macau, and you’ve got an upgrade coming your way if your luck holds out. The dealer’s showing 15, then 19, then bust! Looks like you’ll be smiling all the way to your luxury suite.

The dealer’s counting your winnings when the Lisboa suddenly goes dark…

It’s pandemonium. Like something out of Ocean’s 13, when George Clooney and Brad Pitt engineer a fake earthquake to empty out their rival’s casino, the Bank — people screaming, grabbing chips, pushing, stampeding to get out.

But it’s not a movie.

China’s Guangdong province just cut power supplies, and outages have trickled down to the luxury playground of Macau.

Think it can’t happen?

Read more…

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Succinct Summation of Week’s Events:

July 21st, 2011

Succinct summation of weeks events:

Positives:

1) EU steps up with more help for Greece, Portugal and Ireland as EFSF becomes super TARP and Greek bond holders finally take a hit, but will it be enough?

2) July Philly mfrg bounces back into positive land but still weak at 3.2 (was 43 in March)

3) MBA said refis bounce 23.1% off 10 week low, finally responding to low rates

4) Single and multi family housing starts bounce, multi we need more of, single we dont right now

5) NAHB home builder index bounces 2 pts to 15 but off very depressed level

6) Corporate earnings so far, so good but guidance mixed

Negatives:

1) Preliminary HSBC mfrg index in China falls below 50 for 1st time in a yr

2) Euro zone mfrg and services composite index falls to lowest since Aug

3) German IFO business confidence drops to lowest since Oct

4) French business confidence down to 7 month low

5) US initial jobless claims rise more than expected, now above 400k for 15th straight week

6) Existing home sales fall to lowest since Nov and months supply rose to 9.5, most since Nov

7) Still no US debt/deficit deal

After falling from $3.98 to $3.56 per gallon of gasoline May thru early July, its back to $3.70.

Tags: Events, Succinct Summation

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