For The Professional Investor
Investors appear to regain confidence that the auto industry will recover form its recent slump as the U.S. relinquishes its ownership role. In fact, Hayman Capital Management LP is said to have staken a stake in General Motors Co. (GM). The Dallas-based fund created by J. Kyle Bass published a presentation on the website HVST.com […]
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Manufacturing reports from the U.S., Europe, and Asia showed greater expansion than anticipated creating gains for industrial companies and energy producers and driving Canadian stocks up for a fourth day, the longest run in nearly six weeks. Air Canada, which is the best-performing stock in Standard & Poor’s/TSX Composite Index (SPISX) this year, gained 4.1 […]
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It’s hard to imaging that a eight-person enterprise operating out of a small office in some corner of a Chicago suburb would offer to take on the beast of Wall-Street head, yet this little guys seems to be here to stand as David to the stock-markets’ Goliaths. Eric Scott Hunsader, 51, has created Nanex LLC […]
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Despite the havoc short seller Carson Block wrecked on Chinese NQ Mobile Inc. (NQ) when his sell call send it spiralling down 62 percent last month, other Chinese companies have greatly grown in popularity in New York, selling shares faster than they have over the last couple of years. Three companies form China that entered […]
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The release of the minutes from the FOMC’s last meeting in late October drove Asian stocks down for a third day in a row and caused the China manufacturing gauge to slip more than expected on speculation that Quantitative Easing will be reduced “in coming months.” With the prospect of stimulus tapering lessening demand of […]
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AutoCanada Inc. (ACQ), the largest Canadian chain of car dealerships to be publicly traded, is boosting sales by providing trucks to oil-workers is Alberta in order to raise capital for higher dividends and to buy out competitors. The shares of the company, which is based in Edmonton, Alberta, soared 187 percent in a year advancing […]
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The stocks of Canadian producers of precious metals received a boost after negative U.S. unemployment data were released yesterday and Janet Yellen indicated intentions for continued stimulus in her testimony in the U.S. senate as the nominee for Chairman of the Federal Reserve. B2Gold Corp. rallied 5.1 percent with the price of gold reversing on […]
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After Muddy Waters LLC accused the Chinese mobile-services provided NQ Mobile Inc. (NQ) of inflating profits, the firm announced revenue numbers that exceeded economists’ estimates on account of its rising sales from a game software and that management is considering the purchase of shares totalling $3 billion. In a report yesterday, NQ stated that its […]
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Neither a problematic release of health-care reform nor international outcry over spying allegations are enough to spoil Barack Obama’s triumph in having one of the best stock markets for a re-elected president. Signs of a reverse, however, are making their way on the horizon. Standard and Poor’s index jumped 24 percent this year recording its […]
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Walt Disney Co. (DIS) fell in extended trading after announcing decreased income at cable networks including ESPN, the company’s most profitable venture. Disney dropped as much as 3.3 percent to $64.95 after the release of its fourth-quarter results yesterday. The stock declined 2.7 percent to $67.15 at the close in New York against a 35 […]
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