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BSE Sensex turns negative; financials fall
MUMBAI (Reuters) - The BSE Sensex turned negative on on Tuesday afternoon as investors expected another rate hike in the near term to tame inflation, after the Reserve Bank raised key rates by a quarter point in line with market forecast.
Financials led the decline.
At 1:41 p.m. (0811 GMT), the 30-share BSE index was down 0.18 percent at 19,116.22 points, with 14 components declining. It had risen nearly 1 percent earlier in the day.
The 50-share NSE index was down 0.1 percent at 5,736.95.
Financials led the decline.
At 1:41 p.m. (0811 GMT), the 30-share BSE index was down 0.18 percent at 19,116.22 points, with 14 components declining. It had risen nearly 1 percent earlier in the day.
The 50-share NSE index was down 0.1 percent at 5,736.95.
Sensex slips on profit booking
Mumbai, Jan 25 (IANS) A benchmark index for an Indian equities market Tuesday slipped from its intra-day highs as stocks first rose after only a 25 basis points hike in interest rates by the Reserve Bank of India, but later slipped sharply on profit booking.
Reserve Bank of India (RBI) Governor Duvvuri Subbarao hiked the repurchase or repo rate to 6.5 percent from 6.25 percent and reverse repo rate to 5.5 percent from 5.25 percent. Other rates like cash reserve ratio and statutory liquidity ratio remained unaltered.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,227.42 points, was ruling at 19,219.67 points - up 69.01 points or 0.36 percent from its previous close at 19,151.28 points.
The Sensex had climbed 189.71 points post-rate hike to 19,340.99 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange too was in the green, trading 0.37 percent higher at 5,764.65 points.
Broader markets were ruling moderately higher with the BSE midcap index up 0.22 percent and the BSE smallcap index up 0.37 percent.
Banking stocks were among the top losers, having risen in the past few days in anticipation of a greater rate hike, while capital goods and metals scrips rose.
The market breadth was positive, with 1,463 stocks advancing compared to 1,228 scrips on the decline, while 110 stocks remained unchanged.
Among gainers on the Sensex were NTPC, Hindalco Industries, Sterlite Industries and L&T, while the losers included ICICI Bank, Tata Motors, HDFC Bank and M&M.
Other Asian stock markets were trading mixed with concerns persisting that high inflation would lead to central banks in the region tightening rates further.
The Japanese Nikkei closed 1.15 percent up at 10,464.42 points, while Hong Kong's Hang Seng rose 0.39 percent to rule at 23,894.36 points.
However, the Chinese Shanghai Composite index was ruling 0.84 percent lower at 2,673.13 points.
More: Equity Research
Reserve Bank of India (RBI) Governor Duvvuri Subbarao hiked the repurchase or repo rate to 6.5 percent from 6.25 percent and reverse repo rate to 5.5 percent from 5.25 percent. Other rates like cash reserve ratio and statutory liquidity ratio remained unaltered.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,227.42 points, was ruling at 19,219.67 points - up 69.01 points or 0.36 percent from its previous close at 19,151.28 points.
The Sensex had climbed 189.71 points post-rate hike to 19,340.99 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange too was in the green, trading 0.37 percent higher at 5,764.65 points.
Broader markets were ruling moderately higher with the BSE midcap index up 0.22 percent and the BSE smallcap index up 0.37 percent.
Banking stocks were among the top losers, having risen in the past few days in anticipation of a greater rate hike, while capital goods and metals scrips rose.
The market breadth was positive, with 1,463 stocks advancing compared to 1,228 scrips on the decline, while 110 stocks remained unchanged.
Among gainers on the Sensex were NTPC, Hindalco Industries, Sterlite Industries and L&T, while the losers included ICICI Bank, Tata Motors, HDFC Bank and M&M.
Other Asian stock markets were trading mixed with concerns persisting that high inflation would lead to central banks in the region tightening rates further.
The Japanese Nikkei closed 1.15 percent up at 10,464.42 points, while Hong Kong's Hang Seng rose 0.39 percent to rule at 23,894.36 points.
However, the Chinese Shanghai Composite index was ruling 0.84 percent lower at 2,673.13 points.
More: Equity Research
INSTANT VIEW - RBI raises rates by 25 bps
MUMBAI (Reuters) – The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.
The increase in key rates was the seventh since March, and while the 25 basis point rises were expected, a growing number of analysts had said in recent days that a 50 basis point increase was needed.
KEY POINTS:
- Repo rate, the short-term lending rate, up 25 basis points at 6.50 percent.
- Reverse repo rate, the short-term borrowing rate, up 25 basis points at 5.50 percent.
- Cash reserve ratio, the level of deposits that commercial banks must keep with the RBI, unchanged at 6.0 percent.
COMMENTARY:
JONATHAN CAVENAGH, SENIOR FX STRATEGIST, INSTITUTIONAL FX SALES, ASIA AT WESTPAC INSTITUTIONAL BANK, SINGAPORE:
"India has a serious inflation problem, something officials have been highlighting recently. I suspect the market would have been looking for a bolder move in terms of a 50 basis points move.
"They need to show the market that they are prepared to get ahead of the curve but a 50 basis points move may have prompted fears of a pullback in growth, so we only got a 25 basis points move."
GAURAV KAPUR, SENIOR ECONOMIST, ROYAL BANK OF SCOTLAND, MUMBAI:
"RBI policy rate hike was along the expected lines. It is an attempt from the central bank to contain the impact of recent spurt in food inflation into more generalized inflationary pressures.
"Considering that demand conditions remain fairly strong, we expect the Indian central bank to raise rates by another 50 bps at least in the first half of 2011 itself.
"The RBI has also hinted at slower growth with rising risks of high food inflation, widening current account deficit and the constraints from high fiscal deficit."
SUJAN HAJRA, CHIEF ECONOMIST, ANAND RATHI, MUMBAI:
"Clearly, the RBI stance indicates that there are more tightening on the way. And our sense is that in the current financial year we will see another 25 basis points hike, and perhaps in the first quarter of FY12 another 25.
"So we are basically talking about by the middle of the year the repo rate will be at 7 percent and the reverse repo rate at 6 percent.
"But our sense is that further monetary monetary tightening beyond that will depend on how the growth pans out and our sense is that there is a possibility that RBI will pause for certain time after repo rate reaches 7 percent."
VIVEK RAJPAL, INTEREST RATE STRATEGIST, NOMURA FINANCIAL ADVISORY & SECURITIES (INDIA), MUMBAI:
"Following today's rate hike we should see some steeping of the OIS curve. Going ahead, the RBI will continue with the gradual tightening process. This is because the effective tightening of monetary situation has been far higher than the actual policy rate hike."
"For instance, even before today's policy release the MIBOR (Mumbai interbank offered rate) fixing was around 6.70 percent, around 45 basis points higher than the repo rate (RBI's key lending rate).
"So expecting a 50 basis point hike was anyway too much and what central banks have learnt in 2007/08 episode is that it is far better not to be aggressive on rate hikes in a commodity price rise driven inflation."
RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI:
"Today's move clearly shows that the RBI has relaunched its attack on inflation given the persistence of inflationary pressures.
"I expect them to frontload the rate hikes in the January-March quarter as in the next financial year there will be limited room because of the expected large sized government borrowing programme.
"There are lots of uncertainties on the fiscal front and the foreign institutional investors front but I am expecting another 25 basis points increase in the next mid-quarter review as well."
ASHUTOSH DATAR, ECONOMIST AT BROKERAGE IIFL, MUMBAI:
"We expect a 25 basis points hike in the March policy meeting and a cumulative 100 basis points hike in policy rates in calendar 2011.
"Monetary policy tightening along with sustained high inflation will result in domestic demand momentum moderating a bit in FY12, which will create the much needed slack in the economy for inflation to moderate.
"We expect GDP growth of 7.7 percent in FY12, slower than 8.6 percent in FY11."
AMBAREESH BALIGA, VICE-PRESIDENT OF KARVY STOCK BROKING, MUMBAI:
"The rate hike decision is in line with our expectations. But looking at their revised inflation projections and the RBI report that came in yesterday, we can expect another 25 basis point hike in some time."
JAGANNADHAM THUNUGUNTLA, HEAD OF RESEARCH, SMC GLOBAL SECURITIES, NEW DELHI: "I think 50 basis points hike would have helped better to attack the inflation problem. Inflation has been a concern and it's on top of their mind, but probably they want to raise the rates in two steps."
DEVEN CHOKSEY, MANAGING DIRECTOR AT K R CHOKSEY SHARES & SECURITIES IN MUMBAI:
"The RBI is trying to stem inflationary pressure, but at the same time is being cautious that growth is not impacted. They are following a gradual approach for rate hikes, so that pressure is not felt suddenly.
"The market is relieved, and seems to be taking a positive view of this approach. I am expecting the market to stabilise, not just from this, but also because the dollar remains weak.
"Working capital costs for companies will go up, but I guess they will have to offset this with higher volumes and efficiency."
MEGHNA PATEL, ECONOMIST, STCI PRIMARY DEALER, MUMBAI:
"Actual inflation may be higher than RBI's revised estimate. So a lot depends upon how food prices pan out in the next few weeks. We could still have another 25 basis points hike in March.
"Market should prepare for the issue of a new 10-year benchmark bond around the start of next financial year with a coupon of 8.00-8.25 percent."
MARKET REACTION
- The 30-share BSE index extended rise after the decision to be up 0.9 percent.
- The yield on the most traded 8.13 percent, 2022 bond fell to 8.23 percent from 8.24 percent before the policy decision.
- The benchmark 10-year bond yield fell to 8.16 percent from 8.18 percent.
- The one-year swap eased 2 basis points to 7.40 percent.
- The benchmark five-year swap was down 2 basis points at 8.01 percent.
- The partially convertible rupee trimmed gains to be at 45.53 per dollar, from 45.48 beforehand.
BACKGROUND:
- India's food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices. The food price index rose 15.52 percent and the fuel price index climbed 11.53 percent in the year to Jan. 8.
- The wholesale price index , the most widely watched gauge of prices in India, rose 8.43 percent in December from a year earlier, compared with 7.48 percent in November, showing food inflation had fed into the broader economy.
- India's manufacturing sector expanded at a slower pace in December than in the previous month, weighed down by a weakening growth in factory output and new orders, a survey showed earlier this month.
- Growth in India's service sector also eased in December from a four-month high the previous month, reflecting a slightly slower expansion in new business.
- India's annual industrial output in November grew at 2.7 percent, its slowest in 18 months.
- India's infrastructure sector output grew 2.3 percent in November from a year earlier, slower than an upwardly revised annual growth of 8.6 percent in October.
(Compiled by Swati Bhat, Neha D'Silva, Ami Shah, Sumeet Chatterjee, Prashant Mehra and Aditya Phatak; Editing by Ranjit Gangadharan)
The increase in key rates was the seventh since March, and while the 25 basis point rises were expected, a growing number of analysts had said in recent days that a 50 basis point increase was needed.
KEY POINTS:
- Repo rate, the short-term lending rate, up 25 basis points at 6.50 percent.
- Reverse repo rate, the short-term borrowing rate, up 25 basis points at 5.50 percent.
- Cash reserve ratio, the level of deposits that commercial banks must keep with the RBI, unchanged at 6.0 percent.
COMMENTARY:
JONATHAN CAVENAGH, SENIOR FX STRATEGIST, INSTITUTIONAL FX SALES, ASIA AT WESTPAC INSTITUTIONAL BANK, SINGAPORE:
"India has a serious inflation problem, something officials have been highlighting recently. I suspect the market would have been looking for a bolder move in terms of a 50 basis points move.
"They need to show the market that they are prepared to get ahead of the curve but a 50 basis points move may have prompted fears of a pullback in growth, so we only got a 25 basis points move."
GAURAV KAPUR, SENIOR ECONOMIST, ROYAL BANK OF SCOTLAND, MUMBAI:
"RBI policy rate hike was along the expected lines. It is an attempt from the central bank to contain the impact of recent spurt in food inflation into more generalized inflationary pressures.
"Considering that demand conditions remain fairly strong, we expect the Indian central bank to raise rates by another 50 bps at least in the first half of 2011 itself.
"The RBI has also hinted at slower growth with rising risks of high food inflation, widening current account deficit and the constraints from high fiscal deficit."
SUJAN HAJRA, CHIEF ECONOMIST, ANAND RATHI, MUMBAI:
"Clearly, the RBI stance indicates that there are more tightening on the way. And our sense is that in the current financial year we will see another 25 basis points hike, and perhaps in the first quarter of FY12 another 25.
"So we are basically talking about by the middle of the year the repo rate will be at 7 percent and the reverse repo rate at 6 percent.
"But our sense is that further monetary monetary tightening beyond that will depend on how the growth pans out and our sense is that there is a possibility that RBI will pause for certain time after repo rate reaches 7 percent."
VIVEK RAJPAL, INTEREST RATE STRATEGIST, NOMURA FINANCIAL ADVISORY & SECURITIES (INDIA), MUMBAI:
"Following today's rate hike we should see some steeping of the OIS curve. Going ahead, the RBI will continue with the gradual tightening process. This is because the effective tightening of monetary situation has been far higher than the actual policy rate hike."
"For instance, even before today's policy release the MIBOR (Mumbai interbank offered rate) fixing was around 6.70 percent, around 45 basis points higher than the repo rate (RBI's key lending rate).
"So expecting a 50 basis point hike was anyway too much and what central banks have learnt in 2007/08 episode is that it is far better not to be aggressive on rate hikes in a commodity price rise driven inflation."
RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI:
"Today's move clearly shows that the RBI has relaunched its attack on inflation given the persistence of inflationary pressures.
"I expect them to frontload the rate hikes in the January-March quarter as in the next financial year there will be limited room because of the expected large sized government borrowing programme.
"There are lots of uncertainties on the fiscal front and the foreign institutional investors front but I am expecting another 25 basis points increase in the next mid-quarter review as well."
ASHUTOSH DATAR, ECONOMIST AT BROKERAGE IIFL, MUMBAI:
"We expect a 25 basis points hike in the March policy meeting and a cumulative 100 basis points hike in policy rates in calendar 2011.
"Monetary policy tightening along with sustained high inflation will result in domestic demand momentum moderating a bit in FY12, which will create the much needed slack in the economy for inflation to moderate.
"We expect GDP growth of 7.7 percent in FY12, slower than 8.6 percent in FY11."
AMBAREESH BALIGA, VICE-PRESIDENT OF KARVY STOCK BROKING, MUMBAI:
"The rate hike decision is in line with our expectations. But looking at their revised inflation projections and the RBI report that came in yesterday, we can expect another 25 basis point hike in some time."
JAGANNADHAM THUNUGUNTLA, HEAD OF RESEARCH, SMC GLOBAL SECURITIES, NEW DELHI: "I think 50 basis points hike would have helped better to attack the inflation problem. Inflation has been a concern and it's on top of their mind, but probably they want to raise the rates in two steps."
DEVEN CHOKSEY, MANAGING DIRECTOR AT K R CHOKSEY SHARES & SECURITIES IN MUMBAI:
"The RBI is trying to stem inflationary pressure, but at the same time is being cautious that growth is not impacted. They are following a gradual approach for rate hikes, so that pressure is not felt suddenly.
"The market is relieved, and seems to be taking a positive view of this approach. I am expecting the market to stabilise, not just from this, but also because the dollar remains weak.
"Working capital costs for companies will go up, but I guess they will have to offset this with higher volumes and efficiency."
MEGHNA PATEL, ECONOMIST, STCI PRIMARY DEALER, MUMBAI:
"Actual inflation may be higher than RBI's revised estimate. So a lot depends upon how food prices pan out in the next few weeks. We could still have another 25 basis points hike in March.
"Market should prepare for the issue of a new 10-year benchmark bond around the start of next financial year with a coupon of 8.00-8.25 percent."
MARKET REACTION
- The 30-share BSE index extended rise after the decision to be up 0.9 percent.
- The yield on the most traded 8.13 percent, 2022 bond fell to 8.23 percent from 8.24 percent before the policy decision.
- The benchmark 10-year bond yield fell to 8.16 percent from 8.18 percent.
- The one-year swap eased 2 basis points to 7.40 percent.
- The benchmark five-year swap was down 2 basis points at 8.01 percent.
- The partially convertible rupee trimmed gains to be at 45.53 per dollar, from 45.48 beforehand.
BACKGROUND:
- India's food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices. The food price index rose 15.52 percent and the fuel price index climbed 11.53 percent in the year to Jan. 8.
- The wholesale price index , the most widely watched gauge of prices in India, rose 8.43 percent in December from a year earlier, compared with 7.48 percent in November, showing food inflation had fed into the broader economy.
- India's manufacturing sector expanded at a slower pace in December than in the previous month, weighed down by a weakening growth in factory output and new orders, a survey showed earlier this month.
- Growth in India's service sector also eased in December from a four-month high the previous month, reflecting a slightly slower expansion in new business.
- India's annual industrial output in November grew at 2.7 percent, its slowest in 18 months.
- India's infrastructure sector output grew 2.3 percent in November from a year earlier, slower than an upwardly revised annual growth of 8.6 percent in October.
(Compiled by Swati Bhat, Neha D'Silva, Ami Shah, Sumeet Chatterjee, Prashant Mehra and Aditya Phatak; Editing by Ranjit Gangadharan)
Stocks to Buy - January 25, 2011
Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for January 25, 2011. Also, check out some of the biggest stock gainers of the Day, Top 2011 Stock Gainers , Buyers & Sellers 2011, and Day Trading Tips. -New- Free Stock Picks 2011
Hot Stocks - Monday
Clinical Data, Inc. (CLDA) - Clinical Data, Inc. Announces FDA Approval of Viibryd™ (vilazodone HCl) for Major Depressive Disorder
Novogen Limited (NVGN) - Novogen Limited (NVGN) is up today and is the hottest penny stock year to date.
Optical Cable Corp. (OCCF) - Optical Cable Corporation Reports Fourth Quarter and Fiscal Year 2010 Financial Results - OCCF soared!
Molycorp, Inc. (MCP) - Molycorp, Inc. (MCP) went up 8% after the company announced plans to double production in 2013. However, MCP stock failed at $47 resistance.
Dot Hill Systems Corp. (HILL) - New 52 Week High
Pluristem Therapeutics, Inc. (PSTI) - Pluristem Therapeutics, Inc. (PSTI) was up on no news.
Rexahn Pharmaceuticals, Inc. (RNN) - Teva Pharmaceutical Increases Its Investment in Rexahn for the Continued Research and Development of the Pre-Clinical Anti-Cancer Compound, RX-3117
Beacon Power Corporation (BCON) - Beacon Power Begins Commercial Operations in New York
Biolase Technology, Inc. (BLTI) - BIOLASE Announces Preliminary Fourth Quarter Results Indicate That Revenue and Profitability Are in Line With Guidance.
Intuitive Surgical, Inc. (ISRG) - Intuitive Surgical Inc (ISRG) Announces Fourth Quarter Earnings. ISRG continues to rally higher!
USA Technologies Inc. (USAT) - USA Technologies, Inc. Reports Results for Fiscal 2011 Second Quarter. Hit $1.73 on Monday before pulling back.
Plug Power Inc. (PLUG) - Plug Power Inc. (PLUG) popped on Monday but then pulled back. PLUG is one of the best penny stocks in 2011.
Rediff.com India Ltd. (REDF) - Rediff.com India Ltd. (REDF) seems to have found a bottom in the $7's. REDF will report earnings Tuesday morning. Stay Tuned!
Top Stocks I am Watching Now - Daily Finan. Bull 3X Shs(ETF)(FAS) - Bank of America Corp. (BAC) - Netflix, Inc. (NFLX) - Potash Corp. of Saskatchewan, Inc. (POT) - American Intl Group, Inc. (AIG) - Direxion Daily Financial Bear 3X Shares (FAZ) - Baidu, Inc. (BIDU) - Dendreon Corp. (DNDN) - Goldman Sachs Group Inc. (GS) - Advanced Micro Devices Inc. (AMD) - Dryships Inc. (DRYS) - Research In Motion Ltd. (RIMM) - SIRIUS XM Radio Inc. (SIRI) - Micron Technology, Inc. (MU)
Stocks to Watch - 1/25/11 - Stock Market Investing Ideas
Samson Oil & Gas Limited (SSN) - SSN pulled back above $2.00 on Monday. SSN will now have resistance located at $2.40. Pullbacks below $1.60 are a buy.
American Intl Group, Inc. (AIG) -American Intl Group, Inc. (AIG) were flat Monday. AIG will now have resistance at $46. AIG is a buy below $45, strong buy below $40.
Paramount Gold and Silver Corp. (PZG) - As most of you know, Paramount Gold and Silver Corp. (PZG) is my . PZG has support at $3.09 and resistance at $3.41. Gold is showing signs of a bottom which is good for this stock.
Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. is one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) currently has resistance located $5.72 and $6.00. KOG continues to be a buy below $6.00. I almost bought at $5.47 Monday but am still waiting.
Sirius XM Radio (SIRI) - Shares of Sirius XM Radio (SIRI) was flat on Monday. Sirius XM Radio will now have resistance located at $1.61. Sirius XM Radio is a strong buy on pullbacks below $1.40. SIRI needs to get back up above $1.60 and hold for this rally to continue.
Las Vegas Sands Corp. (LVS) - Shares of Las Vegas Sands Corp. are back trading above $45. Las Vegas Sands Corp will now have resistance located at $46.44. Las Vegas Sands has support at $45. LVS is also buy below $43.
Dryships Inc. (DRYS) - Shares of Dryships Inc. (DRYS) is now trading below $5.00. The next major resistance level for Dryships is located at $5.50. Drys is in a vicious downtrend right now.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) failed at $30.50 on Monday. FAS will now have support located at $28.76 and resistance located at $30.50. FAS is a buy below $25 per share. I would continue to be avoiding Direxion Daily Financial Bear 3X Shares (FAZ).
Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd popped on Monday. Research in Motion is a strong buy below $55 per share. Research in Motion will now have resistance on the upside located at $66.50.
Stocks to Watch for Daytrading - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)
Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. raced back into the $1.20's on Monday. Level 3 Communications is a buy below $1.15.
Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) fell below $180 and then popped back above this level on Monday. Netflix Inc will now have resistance located at $186. Netflix has support around $180. Netflix Inc is a buy on pullbacks below $175. Earnings are due out Wednesday.
Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were flat on Monday. Baidu Inc will have major resistance between $110-$115. Baidu has support located at $97. If Baidu Inc. (BIDU) breaks below $95, I would start buying back.
Oracle Corp. (ORCL) - Shares of Oracle Corp (ORCL) are currently in break out mode again. Oracle stock has support down at $32. Oracle does not have any major resistance until $33.
Cisco Systems, Inc. (CSCO) - Shares of Cisco Systems, Inc. (CSCO) are back above $21. CSCO will now have resistance up around $22 . Cisco Systems has put in a bottom in the $19's and is looking very strong. Cisco Systems remains a strong buy below $21 per share.
YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. continue to trade below $4.00. YRC Worldwide Inc is trading like it may eventually go bankrupt. YRC Worldwide is only a buy when it breaks back above $5.00. Stay away until then.
Arena Pharmaceuticals, Inc. (ARNA) - Shares of Arena Pharmaceuticals, Inc. were flat Monday. Arena Pharmaceuticals now has resistance located at $2.23 & $2.29.
Alcoa Inc. (AA) - Shares of Alcoa Inc. (AA) are back above $16. Alcoa Inc has resistance located at $17.43.
Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc. are back below $8.00. Advanced Micro Devices Inc. will now have resistance located $8.15. Advanced Micro Devices will now have support down at $7.50.
Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are trading back below $170. Goldman Sachs does not have any major resistance until $175.50. Goldman Sachs remains a strong buy below $162.
Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. were flat on Monday. Potash Corp will now have resistance located at $166.81. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $155.
Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - These two Irish Bank continue to be very active for trading purposes.
Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. seem to be basing just below $0.40. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.55. CTIC will have resistance located at $0.55 and $0.70.
New 52 Week Highs - Monday
Automatic Data Processing, Inc. (ADP)
Applied Materials, Inc. (AMAT)
Bucyrus International Inc. (BUCY)
Blackstone Group (BX)
CA Technologies (CA)
CBS Corporation (CBS)
Chesapeake Energy Corporation (CHK)
Chevron Corp. (CVX)
El Paso Corp. (EP)
First Solar, Inc. (FSLR)
General Electric Co. (GE)
Great Plains Energy Incorporated (GXP)
Dot Hill Systems Corp. (HILL)
International Business Machines Corp. (IBM)
International Paper Co. (IP)
iRobot Corporation (IRBT)
NVIDIA Corporation (NVDA)
Procter & Gamble Co. (PG)
GT Solar International, Inc. (SOLR)
Titan Machinery, Inc. (TITN)
Tempur Pedic International Inc. (TPX)
Textron Inc. (TXT)
United Technologies Corp. (UTX)
Waste Management, Inc. (WM)
Exxon Mobil Corp. (XOM)
Recent Stock Gainers
Genetic Technologies Ltd. (GENE)
New Dragon Asia Corp. (NWD)
China Shenghuo Pharmaceutical Holdings, Inc. (KUN)
Plug Power Inc. (PLUG)
ICAgen Inc. (ICGN)
Onstream Media Corp. (ONSM)
Accelr8 Technology Corp. (AXK)
Tengasco Inc. (TGC)
TranS1, Inc. (TSON)
Independent Bank Corporation (IBCP)
India Globalization Capital, Inc. (IGC)
Majesco Entertainment Co. (COOL)
Dot Hill Systems Corp. (HILL)
Curis Inc. (CRIS)
Rediff.com India Ltd. (REDF)
Nanometrics Incorporated (NANO)
Pluristem Therapeutics, Inc. (PSTI)
Jones Soda Co. (JSDA)
Oilsands Quest, Inc. (BQI)
Amarin Corporation plc (AMRN)
LDK Solar Co., Ltd. (LDK)
Opexa Therapeutics, Inc. (OPXA)
Sulphco Inc. (SUF)
China GengSheng Minerals, Inc (CHGS)
Repros Therapeutics Inc. (RPRX)
China Shen Zhou Mining & Resources, Inc. (SHZ)
Qiao Xing Universal Resources, Inc. (XING)
Angiotech Pharmaceuticals Inc. (ANPI)
China Direct Industries, Inc. (CDII)
Avalon Rare Metals, Inc. (AVL)
ZBB Energy Corporation (ZBB)
ARYx Therapeutics, Inc. (ARYX)
Ener1, Inc. (HEV)
Radient Pharmaceuticals Corporation (RPC)
Crosshair Exploration & Mining Corp. (CXZ)
BioDelivery Sciences International Inc. (BDSI)
Lululemon Athletica Inc. (LULU)
Biggest Gainers - 1/24/11
Clinical Data, Inc. (CLDA)
Optical Cable Corp. (OCCF)
Novogen Limited (NVGN)
Smurfit-Stone Container Corp. (SSCC)
Genoptix, Inc. (GXDX)
Rexahn Pharmaceuticals, Inc. (RNN)
Derma Sciences Inc. (DSCI)
Casella Waste Systems Inc. (CWST)
IntelliPharmaCeutics International Inc. (IPCI)
China Metro-Rural Holdings Limited (CNR)
Dot Hill Systems Corp. (HILL)
Pluristem Therapeutics, Inc. (PSTI)
Network Engines, Inc (NEI)
Willbros Group Inc. (WG)
AspenBio Pharma Inc. (APPY)
China-Biotics, Inc. (CHBT)
Parkervision Inc. (PRKR)
Agria Corporation (GRO)
China New Borun Corporation (BORN)
NVIDIA Corporation (NVDA)
GenVec, Inc. (GNVC)
LDK Solar Co., Ltd. (LDK)
Converted Organics Inc. (COIN)
New Buy Signals - 1/24/11
Akamai Technologies Inc. (AKAM)
Advanced Micro Devices, Inc. (AMD)
Alcoa, Inc. (AA)
Amazon.com Inc. (AMZN)
Baidu Inc. (BIDU)
Caterpillar Inc. (CAT)
Chipotle Mexican Grill, Inc. (CMG)
DryShips, Inc. (DRYS)
Exxon Mobil Corp. (XOM)
F5 Networks, Inc. (FFIV)
Freeport-McMoRan Copper & Gold Inc. (FCX)
Fuqi International, Inc. (FUQI)
Hewlett-Packard Company (HPQ)
Hyperdynamics Corporation (HDY)
International Business Machines Corp. (IBM)
Level 3 Communications Inc. (LVLT)
Limelight Networks, Inc. (LLNW)
Micron Technology, Inc. (MU)
NetApp Inc. (NTAP)
Netflix, Inc. (NFLX)
Nike Inc. (NKE)
Panera Bread Co. (PNRA)
Potash Corp. of Saskatchewan, Inc. (POT)
Salesforce.com (CRM)
Sohu.com Inc. (SOHU)
Starbucks Corp. (SBUX)
STEC, Inc. (STEC)
Uranium Resources, Inc. (URRE)
Whole Foods Market, Inc. (WFMI)
Other Stocks to Watch - 1/25/11
Molycorp, Inc. (MCP)
Dot Hill Systems Corp. (HILL)
Rediff.com India Ltd. (REDF)
Lululemon Athletica Inc. (LULU)
China Shen Zhou Mining & Resources, Inc. (SHZ)
Sify Technologies Limited (SIFY)
China GengSheng Minerals, Inc (CHGS)
Paramount Gold and Silver Corp. (PZG)
Crosshair Exploration & Mining Corp. (CXZ)
XOMA Ltd. (XOMA)
China Technology Development Group Corporation (CTDC)
Uranium Resources, Inc. (URRE)
BSD Medical Corp. (BSDM)
Tenet Healthcare Corp. (THC)
Sunrise Senior Living Inc. (SRZ)
OpenTable, Inc. (OPEN)
Micron Technology, Inc. (MU)
Avanir Pharmaceuticals (AVNR)
YRC Worldwide Inc. (YRCW)
IMAX Corporation (IMAX)
VIVUS Inc. (VVUS)
BSD Medical Corp. (BSDM)
RF Micro Devices Inc. (RFMD)
F5 Networks, Inc. (FFIV)
Broadcom Corp. (BRCM)
Local.com Corp. (LOCM)
ZAGG Incorporated (ZAGG)
Huntington Bancshares Inc. (HBAN)
DayStar Technologies Inc. (DSTI)
Somaxon Pharmaceuticals, Inc. (SOMX)
Salesforce.com (CRM)
Mosaic Co. (MOS)
Cliffs Natural Resources Inc. (CLF)
Baidu, Inc. (BIDU)
PharmAthene, Inc. (PIP)
Massey Energy Co. (MEE)
Keryx Biopharmaceuticals Inc. (KERX)
Hewlett-Packard Company (HPQ)
Exxon Mobil Corp. (XOM)
BSD Medical Corp. (BSDM)
Origin Agritech Limited (SEED)
Canadian Solar Inc. (CSIQ)
Sify Technologies Limited (SIFY)
Southwest Airlines Co. (LUV)
Corinthian Colleges Inc. (COCO)
JA Solar Holdings Co., Ltd. (JASO)
Ascent Solar Technologies, Inc. (ASTI)
MIPS Technologies Inc. (MIPS)
Coach Inc. (COH)
MBIA Inc. (MBI)
LDK Solar Co., Ltd. (LDK)
DayStar Technologies Inc. (DSTI)
Novavax, Inc. (NVAX)
Fuqi International, Inc. (FUQI)
VirnetX Holding Corp (VHC)
Sohu.com Inc. (SOHU)
Alcoa, Inc. (AA)
Advanced Micro Devices, Inc. (AMD)
InterOil Corporation (IOC)
American Intl Group, Inc. (AIG)
DryShips, Inc. (DRYS)
Dendreon Corp. (DNDN)
UAL Corporation (UAUA)
Energy Conversion Devices, Inc. (ENER)
UAL Corporation (UAUA)
Bank of America Corp. (BAC)
Arena Pharmaceuticals, Inc. (ARNA)
XOMA Ltd. (XOMA)
Crosshair Exploration & Mining Corp. (CXZ)
Hewlett-Packard Company (HPQ)
Priceline.com Incorporated (PCLN)
GT Solar International, Inc. (SOLR)
Solarfun Power Holdings Co. Ltd. (SOLF)
CROCS Inc. (CROX)
Jazz Pharmaceuticals, Inc. (JAZZ)
Tesla Motors, Inc. (TSLA)
Limelight Networks, Inc. (LLNW)
Aastrom Biosciences, Inc. (ASTM)
Direxion Daily Financial Bear 3X Shares (FAZ)
Clean Energy Fuels Corp. (CLNE)
Caterpillar Inc. (CAT)
Hyperdynamics Corporation (HDY)
Brigham Exploration Co. (BEXP)
Cisco Systems, Inc. (CSCO)
Brocade Communications Systems, Inc. (BRCD)
Delcath Systems Inc. (DCTH)
MBIA Inc. (MBI)
A123 Systems, Inc. (AONE)
Alcoa, Inc. (AA)
Fuqi International, Inc. (FUQI)
Potash Corp. of Saskatchewan, Inc. (POT)
Las Vegas Sands Corp. (LVS)
First Solar, Inc. (FSLR)
Daily Finan. Bull 3X Shs(ETF)(FAS)
Hewlett-Packard Company (HPQ)
Las Vegas Sands Corp. (LVS)
Netflix, Inc. (NFLX)
Orexigen Therapeutics, Inc. (OREX)
Pier 1 Imports Inc. (PIR)
Marvell Technology Group Ltd. (MRVL)
SanDisk Corp. (SNDK)
ProShares UltraShort QQQ (QID)
Hercules Offshore, Inc. (HERO)
Caterpillar Inc. (CAT)
Research In Motion Ltd. (RIMM)
Pier 1 Imports Inc. (PIR)
Cree Inc. (CREE)
Orexigen Therapeutics, Inc. (OREX)
Bank of Ireland (IRE)
Apricus Biosciences, Inc. (APRI)
Salesforce.com (CRM)
Penny Stocks to Watch - 1/25/11
Level 3 Communications Inc. (LVLT)
Plug Power Inc. (PLUG)
Radient Pharmaceuticals Corporation (RPC)
FuelCell Energy Inc. (FCEL)
Helicos BioSciences Corporation (HLCS)
China Precision Steel, Inc. (CPSL)
CEL-SCI Corp. (CVM)
OceanFreight, Inc. (OCNF)
Rite Aid Corp. (RAD)
Capstone Turbine Corp. (CPST)
RAIT Financial Trust (RAS)
Oilsands Quest, Inc. (BQI)
Repros Therapeutics Inc. (RPRX)
Hemispherx Biopharma, Inc. (HEB)
Delta Petroleum Corp. (DPTR)
Hemispherx Biopharma, Inc. (HEB)
OceanFreight, Inc. (OCNF)
Pacific Capital Bancorp (PCBC)
NetSol Technologies, Inc. (NTWK)
Ambac Financial Group, Inc.(ABK)(ABKFQ)
GenVec, Inc. (GNVC)
Inovio Pharmaceuticals, Inc. (INO)
Evergreen Solar Inc. (ESLR)
Pacific Capital Bancorp (PCBC)
Mad Catz Interactive Inc. (MCZ)
Conolog Corp. (CNLG)
Columbia Laboratories Inc. (CBRX)
Rexahn Pharmaceuticals, Inc. (RNN)
Angiotech Pharmaceuticals Inc. (ANPI)
NGAS Resources Inc. (NGAS)
Allied Irish Banks plc (AIB)
Pacific Ethanol, Inc. (PEIX)
Hansen Medical, Inc. (HNSN)
Cyclacel Pharmaceuticals, Inc. (CYCC)
Rentech, Inc. (RTK)
Borders Group, Inc. (BGP)
India Globalization Capital, Inc. (IGC)
ACADIA Pharmaceuticals, Inc. (ACAD)
Radient Pharmaceuticals Corporation (RPC)
Jackson Hewitt Tax Service Inc. (JTX)
EpiCept Corporation (EPCT)
China Direct Industries, Inc. (CDII)
Beacon Power Corporation (BCON)
GenVec Inc. (GNVC)
Sunesis Pharmaceuticals Inc. (SNSS)
Sirius XM Radio Inc. (SIRI)
Rite Aid Corp. (RAD)
Evergreen Solar Inc. (ESLR)
Dearborn Bancorp Inc. (DEAR)
Discovery Laboratories Inc. (DSCO)
Generex Biotechnology Corp. (GNBT)
Cell Therapeutics, Inc. (CTIC)
Antigenics Inc. (AGEN)
Converted Organics Inc. (COIN)
Pacific Ethanol, Inc. (PEIX)
Adeona Pharmaceuticals, Inc. (AEN)
Jones Soda Co. (JSDA)
Sulphco Inc. (SUF)
EMCORE Corporation (EMKR)
Labopharm Inc. (DDSS)
Altair Nanotechnologies, Inc. (ALTI)
China BAK Battery, Inc. (CBAK)
Evergreen Energy, Inc. (EEE)
StemCells Inc. (STEM)
Level 3 Communications Inc. (LVLT)
Samson Oil & Gas Limited (SSN)
OTC Pink Sheets Stocks to Watch - 1/25/11
Fannie Mae (FNM) (FNMA.OB)
Freddie Mac (FRE) (FMCC.OB)
GoIP Global, Inc. (GOIG.PK)
AMERICAN POWER CORP (AMPW.OB)
China Crescent Enterprises, Inc. (CCTR.OB)
ZAP (ZAAP.OB)
MultiCell Technologies, Inc. (MCET.OB)
Title Consulting Services Inc. (TITL.PK)
Medinah Minerals Inc. (MDMN.PK)
Porfavor Corp. (PFVR.PK)
Electric Moto Corp. (EMOT.PK)
NuOncology Labs Inc. (NLAB.PK)
Propalms, Inc. (PRPM.PK)
Energy 1 Corp. (EGOC.PK)
Workstream Inc. (WSTM.OB)
Bigstring Corp. (BSGC.OB)
Luke Entertainment, Inc. (LKEN.PK)
Deltron Inc. (DTRO.OB)
BONANZA OIL & GAS (BGOI.PK)
NeoMedia Technologies Inc. (NEOM.OB)
Cotton & Western Mining, Inc. (CWRN.PK)
CLEAN POWER CONCEPTS (CPOW.PK)
Exousia Advanced Materials, Inc (EXOU.OB)
BodyTel Scientific, Inc. (BDYT.PK)
Neoprobe Corp. (NEOP.OB)
Blockbuster Inc. (BBI) (BLOAQ.PK)
Advanced Cell Technology Inc. (ACTC.OB)
Zevotek, Inc. (ZVTK.OB)
Medinah Minerals Inc. (MDMN.PK)
Blockbuster Inc. (BBI) (BLOAQ.PK)
Dutch Gold Resources, Inc. (DGRI.PK)
Kraig Biocraft Laboratories, Inc. (KBLB.OB)
Washington Mutual Inc. (WAMUQ.PK)
Motors Liquidation Company (MTLQQ.PK)
Cord Blood America Inc. (CBAI.OB)
Liberty Star Uranium & Metals Corp. (LBSR.OB)
Electric Car Company, Inc. (ELCR.OB)
Imaging3 Inc. (IMGG.OB)
IDO Security Inc. (IDOI.OB)
Coastal Pacific Mining Corp. (CPMCF.OB)
Left Behind Games Inc. (LFBG.OB)
China Tel Group Inc. (CHTL.OB)
Motors Liquidation Company (MTLQQ.PK)
eDOORWAYS Corporation (EDWY.PK)
BioElectronics Corporation (BIEL.PK)
United States Oil & Gas Corp. (USOG.PK)
Today's Biggest Stock Market Gainers - Top 2011 Stock Gainers - Top 2011 Penny Stocks - Top 2010 Stock Gainers - Equity Research Report
For the latest updates on the stock market visit: http://mansukh.accordfintech.com/Derivatives/MarketToday.aspx
Hot Stocks - Monday
Clinical Data, Inc. (CLDA) - Clinical Data, Inc. Announces FDA Approval of Viibryd™ (vilazodone HCl) for Major Depressive Disorder
Novogen Limited (NVGN) - Novogen Limited (NVGN) is up today and is the hottest penny stock year to date.
Optical Cable Corp. (OCCF) - Optical Cable Corporation Reports Fourth Quarter and Fiscal Year 2010 Financial Results - OCCF soared!
Molycorp, Inc. (MCP) - Molycorp, Inc. (MCP) went up 8% after the company announced plans to double production in 2013. However, MCP stock failed at $47 resistance.
Dot Hill Systems Corp. (HILL) - New 52 Week High
Pluristem Therapeutics, Inc. (PSTI) - Pluristem Therapeutics, Inc. (PSTI) was up on no news.
Rexahn Pharmaceuticals, Inc. (RNN) - Teva Pharmaceutical Increases Its Investment in Rexahn for the Continued Research and Development of the Pre-Clinical Anti-Cancer Compound, RX-3117
Beacon Power Corporation (BCON) - Beacon Power Begins Commercial Operations in New York
Biolase Technology, Inc. (BLTI) - BIOLASE Announces Preliminary Fourth Quarter Results Indicate That Revenue and Profitability Are in Line With Guidance.
Intuitive Surgical, Inc. (ISRG) - Intuitive Surgical Inc (ISRG) Announces Fourth Quarter Earnings. ISRG continues to rally higher!
USA Technologies Inc. (USAT) - USA Technologies, Inc. Reports Results for Fiscal 2011 Second Quarter. Hit $1.73 on Monday before pulling back.
Plug Power Inc. (PLUG) - Plug Power Inc. (PLUG) popped on Monday but then pulled back. PLUG is one of the best penny stocks in 2011.
Rediff.com India Ltd. (REDF) - Rediff.com India Ltd. (REDF) seems to have found a bottom in the $7's. REDF will report earnings Tuesday morning. Stay Tuned!
Top Stocks I am Watching Now - Daily Finan. Bull 3X Shs(ETF)(FAS) - Bank of America Corp. (BAC) - Netflix, Inc. (NFLX) - Potash Corp. of Saskatchewan, Inc. (POT) - American Intl Group, Inc. (AIG) - Direxion Daily Financial Bear 3X Shares (FAZ) - Baidu, Inc. (BIDU) - Dendreon Corp. (DNDN) - Goldman Sachs Group Inc. (GS) - Advanced Micro Devices Inc. (AMD) - Dryships Inc. (DRYS) - Research In Motion Ltd. (RIMM) - SIRIUS XM Radio Inc. (SIRI) - Micron Technology, Inc. (MU)
Stocks to Watch - 1/25/11 - Stock Market Investing Ideas
Samson Oil & Gas Limited (SSN) - SSN pulled back above $2.00 on Monday. SSN will now have resistance located at $2.40. Pullbacks below $1.60 are a buy.
American Intl Group, Inc. (AIG) -American Intl Group, Inc. (AIG) were flat Monday. AIG will now have resistance at $46. AIG is a buy below $45, strong buy below $40.
Hyperdynamics Corporation (HDY) - Shares of Hyperdynamics Corporation traded into the $6's Monday. Hyperdynamics will have support down at $5.00 again. Hyperdynamics Corporation is a Top Pick for 2011. I will buy Hyperdynamics on additional pullbacks below $5.00.
Paramount Gold and Silver Corp. (PZG) - As most of you know, Paramount Gold and Silver Corp. (PZG) is my . PZG has support at $3.09 and resistance at $3.41. Gold is showing signs of a bottom which is good for this stock.
Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. is one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) currently has resistance located $5.72 and $6.00. KOG continues to be a buy below $6.00. I almost bought at $5.47 Monday but am still waiting.
Sirius XM Radio (SIRI) - Shares of Sirius XM Radio (SIRI) was flat on Monday. Sirius XM Radio will now have resistance located at $1.61. Sirius XM Radio is a strong buy on pullbacks below $1.40. SIRI needs to get back up above $1.60 and hold for this rally to continue.
Las Vegas Sands Corp. (LVS) - Shares of Las Vegas Sands Corp. are back trading above $45. Las Vegas Sands Corp will now have resistance located at $46.44. Las Vegas Sands has support at $45. LVS is also buy below $43.
Dryships Inc. (DRYS) - Shares of Dryships Inc. (DRYS) is now trading below $5.00. The next major resistance level for Dryships is located at $5.50. Drys is in a vicious downtrend right now.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) failed at $30.50 on Monday. FAS will now have support located at $28.76 and resistance located at $30.50. FAS is a buy below $25 per share. I would continue to be avoiding Direxion Daily Financial Bear 3X Shares (FAZ).
Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd popped on Monday. Research in Motion is a strong buy below $55 per share. Research in Motion will now have resistance on the upside located at $66.50.
Stocks to Watch for Daytrading - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)
Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. raced back into the $1.20's on Monday. Level 3 Communications is a buy below $1.15.
Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) fell below $180 and then popped back above this level on Monday. Netflix Inc will now have resistance located at $186. Netflix has support around $180. Netflix Inc is a buy on pullbacks below $175. Earnings are due out Wednesday.
Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were flat on Monday. Baidu Inc will have major resistance between $110-$115. Baidu has support located at $97. If Baidu Inc. (BIDU) breaks below $95, I would start buying back.
Oracle Corp. (ORCL) - Shares of Oracle Corp (ORCL) are currently in break out mode again. Oracle stock has support down at $32. Oracle does not have any major resistance until $33.
Cisco Systems, Inc. (CSCO) - Shares of Cisco Systems, Inc. (CSCO) are back above $21. CSCO will now have resistance up around $22 . Cisco Systems has put in a bottom in the $19's and is looking very strong. Cisco Systems remains a strong buy below $21 per share.
YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. continue to trade below $4.00. YRC Worldwide Inc is trading like it may eventually go bankrupt. YRC Worldwide is only a buy when it breaks back above $5.00. Stay away until then.
Arena Pharmaceuticals, Inc. (ARNA) - Shares of Arena Pharmaceuticals, Inc. were flat Monday. Arena Pharmaceuticals now has resistance located at $2.23 & $2.29.
Alcoa Inc. (AA) - Shares of Alcoa Inc. (AA) are back above $16. Alcoa Inc has resistance located at $17.43.
Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices Inc. are back below $8.00. Advanced Micro Devices Inc. will now have resistance located $8.15. Advanced Micro Devices will now have support down at $7.50.
Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are trading back below $170. Goldman Sachs does not have any major resistance until $175.50. Goldman Sachs remains a strong buy below $162.
Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. were flat on Monday. Potash Corp will now have resistance located at $166.81. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $155.
Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - These two Irish Bank continue to be very active for trading purposes.
Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. seem to be basing just below $0.40. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.55. CTIC will have resistance located at $0.55 and $0.70.
New 52 Week Highs - Monday
Automatic Data Processing, Inc. (ADP)
Applied Materials, Inc. (AMAT)
Bucyrus International Inc. (BUCY)
Blackstone Group (BX)
CA Technologies (CA)
CBS Corporation (CBS)
Chesapeake Energy Corporation (CHK)
Chevron Corp. (CVX)
El Paso Corp. (EP)
First Solar, Inc. (FSLR)
General Electric Co. (GE)
Great Plains Energy Incorporated (GXP)
Dot Hill Systems Corp. (HILL)
International Business Machines Corp. (IBM)
International Paper Co. (IP)
iRobot Corporation (IRBT)
NVIDIA Corporation (NVDA)
Procter & Gamble Co. (PG)
GT Solar International, Inc. (SOLR)
Titan Machinery, Inc. (TITN)
Tempur Pedic International Inc. (TPX)
Textron Inc. (TXT)
United Technologies Corp. (UTX)
Waste Management, Inc. (WM)
Exxon Mobil Corp. (XOM)
Recent Stock Gainers
Genetic Technologies Ltd. (GENE)
New Dragon Asia Corp. (NWD)
China Shenghuo Pharmaceutical Holdings, Inc. (KUN)
Plug Power Inc. (PLUG)
ICAgen Inc. (ICGN)
Onstream Media Corp. (ONSM)
Accelr8 Technology Corp. (AXK)
Tengasco Inc. (TGC)
TranS1, Inc. (TSON)
Independent Bank Corporation (IBCP)
India Globalization Capital, Inc. (IGC)
Majesco Entertainment Co. (COOL)
Dot Hill Systems Corp. (HILL)
Curis Inc. (CRIS)
Rediff.com India Ltd. (REDF)
Nanometrics Incorporated (NANO)
Pluristem Therapeutics, Inc. (PSTI)
Jones Soda Co. (JSDA)
Oilsands Quest, Inc. (BQI)
Amarin Corporation plc (AMRN)
LDK Solar Co., Ltd. (LDK)
Opexa Therapeutics, Inc. (OPXA)
Sulphco Inc. (SUF)
China GengSheng Minerals, Inc (CHGS)
Repros Therapeutics Inc. (RPRX)
China Shen Zhou Mining & Resources, Inc. (SHZ)
Qiao Xing Universal Resources, Inc. (XING)
Angiotech Pharmaceuticals Inc. (ANPI)
China Direct Industries, Inc. (CDII)
Avalon Rare Metals, Inc. (AVL)
ZBB Energy Corporation (ZBB)
ARYx Therapeutics, Inc. (ARYX)
Ener1, Inc. (HEV)
Radient Pharmaceuticals Corporation (RPC)
Crosshair Exploration & Mining Corp. (CXZ)
BioDelivery Sciences International Inc. (BDSI)
Lululemon Athletica Inc. (LULU)
Biggest Gainers - 1/24/11
Clinical Data, Inc. (CLDA)
Optical Cable Corp. (OCCF)
Novogen Limited (NVGN)
Smurfit-Stone Container Corp. (SSCC)
Genoptix, Inc. (GXDX)
Rexahn Pharmaceuticals, Inc. (RNN)
Derma Sciences Inc. (DSCI)
Casella Waste Systems Inc. (CWST)
IntelliPharmaCeutics International Inc. (IPCI)
China Metro-Rural Holdings Limited (CNR)
Dot Hill Systems Corp. (HILL)
Pluristem Therapeutics, Inc. (PSTI)
Network Engines, Inc (NEI)
Willbros Group Inc. (WG)
AspenBio Pharma Inc. (APPY)
China-Biotics, Inc. (CHBT)
Parkervision Inc. (PRKR)
Agria Corporation (GRO)
China New Borun Corporation (BORN)
NVIDIA Corporation (NVDA)
GenVec, Inc. (GNVC)
LDK Solar Co., Ltd. (LDK)
Converted Organics Inc. (COIN)
New Buy Signals - 1/24/11
Akamai Technologies Inc. (AKAM)
Advanced Micro Devices, Inc. (AMD)
Alcoa, Inc. (AA)
Amazon.com Inc. (AMZN)
Baidu Inc. (BIDU)
Caterpillar Inc. (CAT)
Chipotle Mexican Grill, Inc. (CMG)
DryShips, Inc. (DRYS)
Exxon Mobil Corp. (XOM)
F5 Networks, Inc. (FFIV)
Freeport-McMoRan Copper & Gold Inc. (FCX)
Fuqi International, Inc. (FUQI)
Hewlett-Packard Company (HPQ)
Hyperdynamics Corporation (HDY)
International Business Machines Corp. (IBM)
Level 3 Communications Inc. (LVLT)
Limelight Networks, Inc. (LLNW)
Micron Technology, Inc. (MU)
NetApp Inc. (NTAP)
Netflix, Inc. (NFLX)
Nike Inc. (NKE)
Panera Bread Co. (PNRA)
Potash Corp. of Saskatchewan, Inc. (POT)
Salesforce.com (CRM)
Sohu.com Inc. (SOHU)
Starbucks Corp. (SBUX)
STEC, Inc. (STEC)
Uranium Resources, Inc. (URRE)
Whole Foods Market, Inc. (WFMI)
Other Stocks to Watch - 1/25/11
Molycorp, Inc. (MCP)
Dot Hill Systems Corp. (HILL)
Rediff.com India Ltd. (REDF)
Lululemon Athletica Inc. (LULU)
China Shen Zhou Mining & Resources, Inc. (SHZ)
Sify Technologies Limited (SIFY)
China GengSheng Minerals, Inc (CHGS)
Paramount Gold and Silver Corp. (PZG)
Crosshair Exploration & Mining Corp. (CXZ)
XOMA Ltd. (XOMA)
China Technology Development Group Corporation (CTDC)
Uranium Resources, Inc. (URRE)
BSD Medical Corp. (BSDM)
Tenet Healthcare Corp. (THC)
Sunrise Senior Living Inc. (SRZ)
OpenTable, Inc. (OPEN)
Micron Technology, Inc. (MU)
Avanir Pharmaceuticals (AVNR)
YRC Worldwide Inc. (YRCW)
IMAX Corporation (IMAX)
VIVUS Inc. (VVUS)
BSD Medical Corp. (BSDM)
RF Micro Devices Inc. (RFMD)
F5 Networks, Inc. (FFIV)
Broadcom Corp. (BRCM)
Local.com Corp. (LOCM)
ZAGG Incorporated (ZAGG)
Huntington Bancshares Inc. (HBAN)
DayStar Technologies Inc. (DSTI)
Somaxon Pharmaceuticals, Inc. (SOMX)
Salesforce.com (CRM)
Mosaic Co. (MOS)
Cliffs Natural Resources Inc. (CLF)
Baidu, Inc. (BIDU)
PharmAthene, Inc. (PIP)
Massey Energy Co. (MEE)
Keryx Biopharmaceuticals Inc. (KERX)
Hewlett-Packard Company (HPQ)
Exxon Mobil Corp. (XOM)
BSD Medical Corp. (BSDM)
Origin Agritech Limited (SEED)
Canadian Solar Inc. (CSIQ)
Sify Technologies Limited (SIFY)
Southwest Airlines Co. (LUV)
Corinthian Colleges Inc. (COCO)
JA Solar Holdings Co., Ltd. (JASO)
Ascent Solar Technologies, Inc. (ASTI)
MIPS Technologies Inc. (MIPS)
Coach Inc. (COH)
MBIA Inc. (MBI)
LDK Solar Co., Ltd. (LDK)
DayStar Technologies Inc. (DSTI)
Novavax, Inc. (NVAX)
Fuqi International, Inc. (FUQI)
VirnetX Holding Corp (VHC)
Sohu.com Inc. (SOHU)
Alcoa, Inc. (AA)
Advanced Micro Devices, Inc. (AMD)
InterOil Corporation (IOC)
American Intl Group, Inc. (AIG)
DryShips, Inc. (DRYS)
Dendreon Corp. (DNDN)
UAL Corporation (UAUA)
Energy Conversion Devices, Inc. (ENER)
UAL Corporation (UAUA)
Bank of America Corp. (BAC)
Arena Pharmaceuticals, Inc. (ARNA)
XOMA Ltd. (XOMA)
Crosshair Exploration & Mining Corp. (CXZ)
Hewlett-Packard Company (HPQ)
Priceline.com Incorporated (PCLN)
GT Solar International, Inc. (SOLR)
Solarfun Power Holdings Co. Ltd. (SOLF)
CROCS Inc. (CROX)
Jazz Pharmaceuticals, Inc. (JAZZ)
Tesla Motors, Inc. (TSLA)
Limelight Networks, Inc. (LLNW)
Aastrom Biosciences, Inc. (ASTM)
Direxion Daily Financial Bear 3X Shares (FAZ)
Clean Energy Fuels Corp. (CLNE)
Caterpillar Inc. (CAT)
Hyperdynamics Corporation (HDY)
Brigham Exploration Co. (BEXP)
Cisco Systems, Inc. (CSCO)
Brocade Communications Systems, Inc. (BRCD)
Delcath Systems Inc. (DCTH)
MBIA Inc. (MBI)
A123 Systems, Inc. (AONE)
Alcoa, Inc. (AA)
Fuqi International, Inc. (FUQI)
Potash Corp. of Saskatchewan, Inc. (POT)
Las Vegas Sands Corp. (LVS)
First Solar, Inc. (FSLR)
Daily Finan. Bull 3X Shs(ETF)(FAS)
Hewlett-Packard Company (HPQ)
Las Vegas Sands Corp. (LVS)
Netflix, Inc. (NFLX)
Orexigen Therapeutics, Inc. (OREX)
Pier 1 Imports Inc. (PIR)
Marvell Technology Group Ltd. (MRVL)
SanDisk Corp. (SNDK)
ProShares UltraShort QQQ (QID)
Hercules Offshore, Inc. (HERO)
Caterpillar Inc. (CAT)
Research In Motion Ltd. (RIMM)
Pier 1 Imports Inc. (PIR)
Cree Inc. (CREE)
Orexigen Therapeutics, Inc. (OREX)
Bank of Ireland (IRE)
Apricus Biosciences, Inc. (APRI)
Salesforce.com (CRM)
Penny Stocks to Watch - 1/25/11
Level 3 Communications Inc. (LVLT)
Plug Power Inc. (PLUG)
Radient Pharmaceuticals Corporation (RPC)
FuelCell Energy Inc. (FCEL)
Helicos BioSciences Corporation (HLCS)
China Precision Steel, Inc. (CPSL)
CEL-SCI Corp. (CVM)
OceanFreight, Inc. (OCNF)
Rite Aid Corp. (RAD)
Capstone Turbine Corp. (CPST)
RAIT Financial Trust (RAS)
Oilsands Quest, Inc. (BQI)
Repros Therapeutics Inc. (RPRX)
Hemispherx Biopharma, Inc. (HEB)
Delta Petroleum Corp. (DPTR)
Hemispherx Biopharma, Inc. (HEB)
OceanFreight, Inc. (OCNF)
Pacific Capital Bancorp (PCBC)
NetSol Technologies, Inc. (NTWK)
Ambac Financial Group, Inc.(ABK)(ABKFQ)
GenVec, Inc. (GNVC)
Inovio Pharmaceuticals, Inc. (INO)
Evergreen Solar Inc. (ESLR)
Pacific Capital Bancorp (PCBC)
Mad Catz Interactive Inc. (MCZ)
Conolog Corp. (CNLG)
Columbia Laboratories Inc. (CBRX)
Rexahn Pharmaceuticals, Inc. (RNN)
Angiotech Pharmaceuticals Inc. (ANPI)
NGAS Resources Inc. (NGAS)
Allied Irish Banks plc (AIB)
Pacific Ethanol, Inc. (PEIX)
Hansen Medical, Inc. (HNSN)
Cyclacel Pharmaceuticals, Inc. (CYCC)
Rentech, Inc. (RTK)
Borders Group, Inc. (BGP)
India Globalization Capital, Inc. (IGC)
ACADIA Pharmaceuticals, Inc. (ACAD)
Radient Pharmaceuticals Corporation (RPC)
Jackson Hewitt Tax Service Inc. (JTX)
EpiCept Corporation (EPCT)
China Direct Industries, Inc. (CDII)
Beacon Power Corporation (BCON)
GenVec Inc. (GNVC)
Sunesis Pharmaceuticals Inc. (SNSS)
Sirius XM Radio Inc. (SIRI)
Rite Aid Corp. (RAD)
Evergreen Solar Inc. (ESLR)
Dearborn Bancorp Inc. (DEAR)
Discovery Laboratories Inc. (DSCO)
Generex Biotechnology Corp. (GNBT)
Cell Therapeutics, Inc. (CTIC)
Antigenics Inc. (AGEN)
Converted Organics Inc. (COIN)
Pacific Ethanol, Inc. (PEIX)
Adeona Pharmaceuticals, Inc. (AEN)
Jones Soda Co. (JSDA)
Sulphco Inc. (SUF)
EMCORE Corporation (EMKR)
Labopharm Inc. (DDSS)
Altair Nanotechnologies, Inc. (ALTI)
China BAK Battery, Inc. (CBAK)
Evergreen Energy, Inc. (EEE)
StemCells Inc. (STEM)
Level 3 Communications Inc. (LVLT)
Samson Oil & Gas Limited (SSN)
OTC Pink Sheets Stocks to Watch - 1/25/11
Fannie Mae (FNM) (FNMA.OB)
Freddie Mac (FRE) (FMCC.OB)
GoIP Global, Inc. (GOIG.PK)
AMERICAN POWER CORP (AMPW.OB)
China Crescent Enterprises, Inc. (CCTR.OB)
ZAP (ZAAP.OB)
MultiCell Technologies, Inc. (MCET.OB)
Title Consulting Services Inc. (TITL.PK)
Medinah Minerals Inc. (MDMN.PK)
Porfavor Corp. (PFVR.PK)
Electric Moto Corp. (EMOT.PK)
NuOncology Labs Inc. (NLAB.PK)
Propalms, Inc. (PRPM.PK)
Energy 1 Corp. (EGOC.PK)
Workstream Inc. (WSTM.OB)
Bigstring Corp. (BSGC.OB)
Luke Entertainment, Inc. (LKEN.PK)
Deltron Inc. (DTRO.OB)
BONANZA OIL & GAS (BGOI.PK)
NeoMedia Technologies Inc. (NEOM.OB)
Cotton & Western Mining, Inc. (CWRN.PK)
CLEAN POWER CONCEPTS (CPOW.PK)
Exousia Advanced Materials, Inc (EXOU.OB)
BodyTel Scientific, Inc. (BDYT.PK)
Neoprobe Corp. (NEOP.OB)
Blockbuster Inc. (BBI) (BLOAQ.PK)
Advanced Cell Technology Inc. (ACTC.OB)
Zevotek, Inc. (ZVTK.OB)
Medinah Minerals Inc. (MDMN.PK)
Blockbuster Inc. (BBI) (BLOAQ.PK)
Dutch Gold Resources, Inc. (DGRI.PK)
Kraig Biocraft Laboratories, Inc. (KBLB.OB)
Washington Mutual Inc. (WAMUQ.PK)
Motors Liquidation Company (MTLQQ.PK)
Cord Blood America Inc. (CBAI.OB)
Liberty Star Uranium & Metals Corp. (LBSR.OB)
Electric Car Company, Inc. (ELCR.OB)
Imaging3 Inc. (IMGG.OB)
IDO Security Inc. (IDOI.OB)
Coastal Pacific Mining Corp. (CPMCF.OB)
Left Behind Games Inc. (LFBG.OB)
China Tel Group Inc. (CHTL.OB)
Motors Liquidation Company (MTLQQ.PK)
eDOORWAYS Corporation (EDWY.PK)
BioElectronics Corporation (BIEL.PK)
United States Oil & Gas Corp. (USOG.PK)
Today's Biggest Stock Market Gainers - Top 2011 Stock Gainers - Top 2011 Penny Stocks - Top 2010 Stock Gainers - Equity Research Report
For the latest updates on the stock market visit: http://mansukh.accordfintech.com/Derivatives/MarketToday.aspx
Hot Penny Stocks - 24th January
The following is a list of the Most Popular OTC, OTCBB, Pink Sheets Stocks going into January 25, 2011. Topping the list today is 1. Fannie Mae (FNM) (FNMA.OB). This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities.
This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching. Check out my OTC Stock Picks for 2011
Top OTC/Pink Sheets Stocks - 1/24/11
1. Fannie Mae (FNM) (FNMA.OB)
2. Freddie Mac (FRE) (FMCC.OB)
3. Sunvalley Solar, Inc. (SSOL.OB)
4. CROSSWIND RENEWABLE (CWNR.PK)
5. GoIP Global, Inc. (GOIG.PK)
6. AMERICAN POWER CORP (AMPW.OB)
7. Luke Entertainment, Inc. (LKEN.PK)
8. China Crescent Enterprises, Inc. (CCTR.OB)
9. ZAP (ZAAP.OB)
10. First China Pharmaceutical Group, Inc. (FCPG.OB)
11. MultiCell Technologies, Inc. (MCET.OB)
12. Diamant Art Corp. (DIAAF.PK)
13. Nestle SA (NSRGY.PK)
14. Mainland Resources Inc. (MNLU.OB)
15. Medinah Minerals Inc. (MDMN.PK)
16. WatchIt Technologies, Inc. (WTCT.PK)
17. Advanced Cell Technology Inc. (ACTC.OB)
18. mPhase Technologies, Inc. (XDSL.OB)
19. Neoprobe Corp. (NEOP.OB)
20. Lynas Corp. Ltd. (LYSCF.PK)
21. HERE ENTERPRISES INC (HRTE.PK)
22. Greenland Minerals and Energy Limited (GDLNF.PK)
23. CLEAN POWER CONCEPTS (CPOW.PK)
24. Dune Energy Inc. (DUNR.OB)
25. Bigstring Corp. (BSGC.OB)
26. RASER TECH INC (RZTI.OB)
27. El Capitan Precious Metals Inc. (ECPN.OB)
28. Viropro Inc. (VPRO.PK)
29. Cotton & Western Mining, Inc. (CWRN.PK)
30. Motors Liquidation Company (MTLQQ.PK)
31. Titan Oil & Gas, Inc. (TNGS.OB)
32. CrowdGather, Inc. (CRWG.OB)
33. Genta Inc. (GNTA.OB)
34. Title Consulting Services Inc. (TITL.PK)
35. HORIYOSHI WORLDWIDE (HHWW.OB)
36. Ambac Financial Group Inc. (ABK) (ABKFQ.PK)
37. Great Panther Silver Ltd (GPRLF.PK)
38. Cascade Energy, Inc. (CSCE.PK)
39. Amarok Resources, Inc. (AMOK.OB)
40. IDO Security Inc. (IDOI.OB)
41. DPOLLUTION International Inc. (RMGX.PK)
42. Metatron Inc. (MRNJ.PK)
43. Pervasip Corp. (PVSP.OB)
44. Porfavor Corp. (PFVR.PK)
45. Cougar Oil and Gas Canada Inc. (COUGF.OB)
46. Left Behind Games Inc. (LFBG.OB)
47. Triton Distribution Systems, Inc. (TTDZ.PK)
48. Energy 1 Corp. (EGOC.PK)
49. Lifevantage Corporation (LFVN.OB)
50. China Carbon Graphite Group, Inc. (CHGI.OB)
51. Efuel EFN Corp. (EFLN.PK)
52. SWISHER HYGIENE INC (SWHS.PK)
53. Voyager Petroleum, Inc. (VYGO.PK)
54. NW Tech Capital, Inc (NWTT.PK)
55. Pro-Pharmaceuticals Inc. (PRWP.OB)
56. Alamo Energy Corp. (ALME.OB)
57. RINO International Corporation (RINO.PK)
58. Willow Creek Enterprises Inc (WLOC.PK)
59. BLOCKBUSTER INC (BBI) (BLOAQ.PK)
60. Augme Technologies, Inc. (AUGT.OB)
61. Trans-Pacific Aerospace Company, Inc. (TPAC.OB)
62. Washington Mutual Inc. (WAMUQ.PK)
63. International Stem Cell Corporation (ISCO.OB)
64. Quepasa Corp. (QPSA.OB)
65. BONANZA OIL & GAS (BGOI.PK)
66. Lighting Science Group Corporation (LSCG.OB)
67. NanoViricides, Inc. (NNVC.OB)
68. Mundus Group, Inc. (MNDP.PK)
69. Minera Andes Inc. (MNEAF.OB)
70. China Tel Group Inc. (CHTL.OB)
71. New Energy Technologies, Inc. (NENE.OB)
72. The Great Atlantic & Pacific Tea Company (GAPTQ.PK)
73. SNAP Interactive, Inc. (STVI.OB)
74. Vitesse Semiconductor Corp. (VTSS.PK)
75. Camelot Entertainment Group, Inc. (CMGR.OB)
76. American Scientific Resources, Inc. (ASFX.PK)
77. SATYAM COMPUTER SERVICES LTD (SAY) (SAYCY.PK)
78. Deltron Inc. (DTRO.OB)
79. Quest Rare Minerals Ltd. (QSURD.PK)
80. Global Technologies, Ltd. (GTLL.PK)
81. Social Media Ventures Inc. (SMVI.PK)
82. Ecosphere Technologies, Inc. (ESPH.OB)
83. Elite Pharmaceuticals Inc. (ELTP.OB)
84. Mammoth Energy Group, Inc. (MMTE.PK)
85. OriginOil, Inc. (OOIL.OB)
86. Dutch Gold Resources, Inc. (DGRI.PK)
87. Mitek Systems Inc. (MITK.OB)
88. Zevotek, Inc. (ZVTK.OB)
89. VISTEON CORP (VSTO.OB)
90. KAT Exploration Inc. (KATX.PK)
91. Lynas Corp. Ltd. (LYSDY.PK)
92. Imaging3 Inc. (IMGG.OB)
93. United States Oil & Gas Corp. (USOG.PK)
94. Alto Group Holdings Inc. (ALTO.OB)
95. Advanced Life Sciences Holdings, Inc. (ADLS.OB)
96. Lehman Brothers Holdings Inc. (LEHMQ.PK)
97. GENEREX BIOTECH CORP (GNBT.PK)
98. Cord Blood America Inc. (CBAI.OB)
99. Kraig Biocraft Laboratories, Inc. (KBLB.OB)
100. Supatcha Resources Inc. (SAEI.OB)
101. INFOLOGIX INC (IFLG.PK)
102. Liberty Star Uranium & Metals Corp. (LBSR.OB)
103. Smokefree Innotec, Inc. (SFIO.PK)
104. AVALON RARE METALS (AVARF.PK)
105. Gold American Mining Corp. (SILA.OB)
106. BioElectronics Corporation (BIEL.PK)
107. HELICOS BIOSCIENCES (HLCS.PK)
108. Genta Incorporated (GETA.OB)
109. Black Dragon Resource Companies, Inc. (BDGR.PK)
110. eDOORWAYS Corporation (EDWY.PK)
Today's Biggest Stock Market Gainers - Top Stock Gainers
For the latest updates on the stock market, visit, http://mansukh.accordfintech.com/OtherMarket/FIInvestment.aspx
This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching. Check out my OTC Stock Picks for 2011
Top OTC/Pink Sheets Stocks - 1/24/11
1. Fannie Mae (FNM) (FNMA.OB)
2. Freddie Mac (FRE) (FMCC.OB)
3. Sunvalley Solar, Inc. (SSOL.OB)
4. CROSSWIND RENEWABLE (CWNR.PK)
5. GoIP Global, Inc. (GOIG.PK)
6. AMERICAN POWER CORP (AMPW.OB)
7. Luke Entertainment, Inc. (LKEN.PK)
8. China Crescent Enterprises, Inc. (CCTR.OB)
9. ZAP (ZAAP.OB)
10. First China Pharmaceutical Group, Inc. (FCPG.OB)
11. MultiCell Technologies, Inc. (MCET.OB)
12. Diamant Art Corp. (DIAAF.PK)
13. Nestle SA (NSRGY.PK)
14. Mainland Resources Inc. (MNLU.OB)
15. Medinah Minerals Inc. (MDMN.PK)
16. WatchIt Technologies, Inc. (WTCT.PK)
17. Advanced Cell Technology Inc. (ACTC.OB)
18. mPhase Technologies, Inc. (XDSL.OB)
19. Neoprobe Corp. (NEOP.OB)
20. Lynas Corp. Ltd. (LYSCF.PK)
21. HERE ENTERPRISES INC (HRTE.PK)
22. Greenland Minerals and Energy Limited (GDLNF.PK)
23. CLEAN POWER CONCEPTS (CPOW.PK)
24. Dune Energy Inc. (DUNR.OB)
25. Bigstring Corp. (BSGC.OB)
26. RASER TECH INC (RZTI.OB)
27. El Capitan Precious Metals Inc. (ECPN.OB)
28. Viropro Inc. (VPRO.PK)
29. Cotton & Western Mining, Inc. (CWRN.PK)
30. Motors Liquidation Company (MTLQQ.PK)
31. Titan Oil & Gas, Inc. (TNGS.OB)
32. CrowdGather, Inc. (CRWG.OB)
33. Genta Inc. (GNTA.OB)
34. Title Consulting Services Inc. (TITL.PK)
35. HORIYOSHI WORLDWIDE (HHWW.OB)
36. Ambac Financial Group Inc. (ABK) (ABKFQ.PK)
37. Great Panther Silver Ltd (GPRLF.PK)
38. Cascade Energy, Inc. (CSCE.PK)
39. Amarok Resources, Inc. (AMOK.OB)
40. IDO Security Inc. (IDOI.OB)
41. DPOLLUTION International Inc. (RMGX.PK)
42. Metatron Inc. (MRNJ.PK)
43. Pervasip Corp. (PVSP.OB)
44. Porfavor Corp. (PFVR.PK)
45. Cougar Oil and Gas Canada Inc. (COUGF.OB)
46. Left Behind Games Inc. (LFBG.OB)
47. Triton Distribution Systems, Inc. (TTDZ.PK)
48. Energy 1 Corp. (EGOC.PK)
49. Lifevantage Corporation (LFVN.OB)
50. China Carbon Graphite Group, Inc. (CHGI.OB)
51. Efuel EFN Corp. (EFLN.PK)
52. SWISHER HYGIENE INC (SWHS.PK)
53. Voyager Petroleum, Inc. (VYGO.PK)
54. NW Tech Capital, Inc (NWTT.PK)
55. Pro-Pharmaceuticals Inc. (PRWP.OB)
56. Alamo Energy Corp. (ALME.OB)
57. RINO International Corporation (RINO.PK)
58. Willow Creek Enterprises Inc (WLOC.PK)
59. BLOCKBUSTER INC (BBI) (BLOAQ.PK)
60. Augme Technologies, Inc. (AUGT.OB)
61. Trans-Pacific Aerospace Company, Inc. (TPAC.OB)
62. Washington Mutual Inc. (WAMUQ.PK)
63. International Stem Cell Corporation (ISCO.OB)
64. Quepasa Corp. (QPSA.OB)
65. BONANZA OIL & GAS (BGOI.PK)
66. Lighting Science Group Corporation (LSCG.OB)
67. NanoViricides, Inc. (NNVC.OB)
68. Mundus Group, Inc. (MNDP.PK)
69. Minera Andes Inc. (MNEAF.OB)
70. China Tel Group Inc. (CHTL.OB)
71. New Energy Technologies, Inc. (NENE.OB)
72. The Great Atlantic & Pacific Tea Company (GAPTQ.PK)
73. SNAP Interactive, Inc. (STVI.OB)
74. Vitesse Semiconductor Corp. (VTSS.PK)
75. Camelot Entertainment Group, Inc. (CMGR.OB)
76. American Scientific Resources, Inc. (ASFX.PK)
77. SATYAM COMPUTER SERVICES LTD (SAY) (SAYCY.PK)
78. Deltron Inc. (DTRO.OB)
79. Quest Rare Minerals Ltd. (QSURD.PK)
80. Global Technologies, Ltd. (GTLL.PK)
81. Social Media Ventures Inc. (SMVI.PK)
82. Ecosphere Technologies, Inc. (ESPH.OB)
83. Elite Pharmaceuticals Inc. (ELTP.OB)
84. Mammoth Energy Group, Inc. (MMTE.PK)
85. OriginOil, Inc. (OOIL.OB)
86. Dutch Gold Resources, Inc. (DGRI.PK)
87. Mitek Systems Inc. (MITK.OB)
88. Zevotek, Inc. (ZVTK.OB)
89. VISTEON CORP (VSTO.OB)
90. KAT Exploration Inc. (KATX.PK)
91. Lynas Corp. Ltd. (LYSDY.PK)
92. Imaging3 Inc. (IMGG.OB)
93. United States Oil & Gas Corp. (USOG.PK)
94. Alto Group Holdings Inc. (ALTO.OB)
95. Advanced Life Sciences Holdings, Inc. (ADLS.OB)
96. Lehman Brothers Holdings Inc. (LEHMQ.PK)
97. GENEREX BIOTECH CORP (GNBT.PK)
98. Cord Blood America Inc. (CBAI.OB)
99. Kraig Biocraft Laboratories, Inc. (KBLB.OB)
100. Supatcha Resources Inc. (SAEI.OB)
101. INFOLOGIX INC (IFLG.PK)
102. Liberty Star Uranium & Metals Corp. (LBSR.OB)
103. Smokefree Innotec, Inc. (SFIO.PK)
104. AVALON RARE METALS (AVARF.PK)
105. Gold American Mining Corp. (SILA.OB)
106. BioElectronics Corporation (BIEL.PK)
107. HELICOS BIOSCIENCES (HLCS.PK)
108. Genta Incorporated (GETA.OB)
109. Black Dragon Resource Companies, Inc. (BDGR.PK)
110. eDOORWAYS Corporation (EDWY.PK)
Today's Biggest Stock Market Gainers - Top Stock Gainers
For the latest updates on the stock market, visit, http://mansukh.accordfintech.com/OtherMarket/FIInvestment.aspx
ECONOMY OUTLOOK FOR 2011- FAST, FASTER, FASTEST
Given this background what kind of growth can we expect in FY11? In our judgment, with the support from fiscal policy set to constant in the coming year, further economic expansion will hinge on continued growth in private final demand- both consumption and investment. Assuming a normal monsoon, we expect GDP growth to surge to 8.5% during FY12, driven by the robust industrial growth and resilient performance of the service sector. The focus of government spending on infrastructure sector would continue to support growth. The overall risks to the outlook however remain slanted to the downside. Risks to the outlook can stem mainly from poor monsoon and the possible need for further monetary tightening if inflationary pressures do not abate. There are also looming concerns over a second round of convulsion in the advanced economies. If this is to happen, the recovery process is bound to be impacted to a certain extent. We expect Consumption demand to be the major contributor to GDP growth in the coming fiscal, which in turn will augment investment demand. The impetus to consumption demand will come from healthy growth in income levels as job creation gathers pace. The broadening of the income tax slabs will leave more disposable income in hands of consumer and should boost spending. The other elements that would support the growth in industrial production include the prospect of a rebound in investment activity, increased thrust of the government on infrastructure projects and the renewed growth of exports. With the surge in industrial production, and favorable financing conditions, we expect capex plans to gain traction and investment rate to increase to 38-40% in FY12.
EQUITY MARKETS: Sensex however, did not cross its January 2008 high of 21,206 to end on a mediocre 12% return. That this was despite the net $ 28 billion pumped by FIIs into equities should possibly lead us to look deeper behind the euphoric coverage on market outlook. Indian markets were even ahead of China and Brazil. The MSCI Emerging Asia Index for India exceeded its normal 11% weight by about 50%. The Sensex is poised to end 2010 on a trailing PE of 23 and a 2011 PE of 20. It is at a hefty premium to the MSCI Emerging Market Index even when the Indian retail investor has not participated. We believe a market so precariously placed could trigger fickle FIIs outflows due to negative perceptions on the global and domestic front or even positive economic developments in the US. However, our strong faith in the India long term growth story firmly in place. Globally, the real threat is in the sovereign debt space, especially in the euro zone. There is the possibility of capital moving out of emerging markets to fund losses and support balance sheets.
