Construction spending at 5-month high in November

Marc Faber's January 2011 Outlook * Correction Imminent
Investor extraordinaire Marc Faber is out with his latest Gloom, Boom, and Doom report, which discusses his outlook for 2011. Here are a few highlights: 1. Equity Markets – Faber believes a correction is imminent for the Stock Market as Bullish sentiment (AAII sentiment) nears record levels and Mutual Fund cash positions remain very low. Furthermore, the latest upward move in stocks has occurred on declining volume, which is usually Bearish from a technical point of view. The correction sho...

The Fed Remains the Primary Driver of the Market
From 1990 to 1997, Kevin Haggerty served as Senior Vice President for Equity Trading at Fidelity Capital Markets, Boston, a division of Fidelity Investments. He was responsible for all U.S. institutional Listed, OTC and Option trading in addition to all major Exchange Floor Executions. For a free trial to Kevin's Daily Trading Report, please click here. The SPX went dead in the last ten days of the year as the SPX traded in a very narrow range from 1251.48-1262.60 [0.9%] and closed the year at 1...

Critical Alerts for Dell, Valero, Tesoro, Hecla Mining, and Rovi Released by Seven Summits Research
CHICAGO, Jan. 3, 2011 /PRNewswire/ -- Seven Summits Research issues critical PriceWatch Alerts for DELL, VLO, TSO, HL, and ROVI. Today's PriceWatch Alerts cover the following stocks: Dell Inc. (NASDAQ: DELL), Valero Energy Corp. (NYSE: VLO), Tesoro Corporation (NYSE: TSO), Hecla Mining Co. (NYSE: HL), and Rovi Corporation (NASDAQ: ROVI). In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics desig...

Orbitz Worldwide Appoints Russ Hammer as Chief Financial Officer
CHICAGO, Jan. 3, 2011 /PRNewswire/ -- Orbitz Worldwide, Inc. (NYSE: OWW) today announced the appointment of Russ Hammer as the company's Chief Financial Officer, effective January 1, 2011.  Previously, Russ was Chief Financial Officer at Crocs, Inc.  Russ succeeds Marsha Williams, whose planned Retirement was announced in June 2010. "I am delighted to welcome Russ Hammer to Orbitz Worldwide as Chief Financial Officer," said Barney Harford, CEO and president of Orbitz Worldwide. "Russ H...

Critical Alerts For MasterCard, Micron Technology, Molycorp, Coach, and Edwards Lifesciences Released By Seven Summits Research
CHICAGO, Jan. 3, 2011 /PRNewswire/ -- Seven Summits Research issues critical PriceWatch Alerts for MA, MU, MCP, COH, and EW. Today's PriceWatch Alerts cover the following stocks: MasterCard Incorporated (NYSE: MA), Micron Technology Inc. (NASDAQ: MU), Molycorp, Inc. (NYSE: MCP), Coach Inc. (NYSE: COH), and Edwards Lifesciences Corp. (NYSE: EW). In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactic...

Could Verizon Steal Apple's Thunder? (AAPL, VZ)
It's not a secret anymore that Verizon (NYSE: VZ) is getting Apple's (NASDAQ: AAPL) iPhone sometime this year, probably early in 2011. What is not known as of right now is whether Verizon will steal Apple's thunder and announce the deal at the Consumer Electronics Show this week. CEO Ivan Seidenberg is going to be one of the key note speakers at the event, and what better place to announce the historic relationship between Apple and Verizon than at the CES this week? The best place is Apple's ...

Stocks Soar to 2-Year Records...
Stocks surged to new two-year highs on the first trading day of the year, adding to double-digit gains made in 2010. The Dow Jones Industrial Average rose more than 120 points, or more than 1 percent, for the first trading day of 2011, pushing past its record closing high for 2010 of 11,585.38 for a new two-year high. Stocks ended the year slightly below two-year highs with double-digit gains in each major index. Bank of America [ BAC 14.08 +0.74 (+5.55%) ], Alcoa [ AA 15.98 +0.59 (+3.83%) ],...

Stocks extend rally in early trading
Separately, the Commerce Department will issue its report on November factory orders. Orders fell 0.9 percent in October. In early trading, the Dow Jones industrial average is up 19 points, or 0.2 percent, to 11,691. The S&P; 500 is up 2, or 0.1 percent, to 1,273. The NASDAQ composite index is up 9, or 0.3 percent, to 2,700. THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below. NEW YORK (AP)—Stocks looked set to extend a rally Tuesday ahead ...

Stocks extend rally in morning trading
Separately, the Commerce Department will issue its report on November factory orders. Analysts expect that orders dipped 0.1 percent, after falling 0.9 percent in October. Much of the decline in October reflected a drop in demand for Aircraft. In morning trading, the Dow Jones industrial average rose 3 points, or 0.1 percent, to 11,672. The Standard and Poor's 500-stock index gained 2, or 0.1 percent, to 1,272. The NASDAQ composite rose 4, or 0.2 percent, to 2,695. Alcoa Inc. jumped 4.2 percen...

TradingMarkets 7 Stocks You Need to Know for Tuesday: AAPL, HRB, ROK, MON, ERTS, BAC, URBN
Stocks roared out of the gate to get 2011 off to a Bullish start. The S&P 500 and the NASDAQ both closed higher by more than 1% on the day, the first trading day of the new year. Especially noteworthy were many blue chip stocks like Apple Inc. and Amazon.com Inc (AMZN PowerRating), which were pulling back in the final days of 2010 only to find buyers back in control as 2011 begins. Many of these stocks have been noted over the past several days in our 7 Stocks You Need to Know column. Here...

High Probability ETF Trading: 7 ETFs You Need to Know for Tuesday (QQQQ, ACWI, EEM, UYM, IYM, SPY, FAZ)
The ETF market overall is exceptionally overbought going into trading on Tuesday. This is true for both U.S. equity ETFs as well as international exchange-traded funds, which include some of the most overbought ETFs in our database. As Larry Connors noted in this morning's Morning Market Intelligence Report for Larry Connors' Daily Battle Plan (click here to learn more about Larry Connors' Daily Battle Plan), much of the current bullishness can be attributed to fund managers trying to avoid unde...

Morning Roundup: Americans Love a Good Bankruptcy
Goldman Sachs' investment in Facebook may help the social-networking site escape the added regulatory scrutiny that comes with an IPO. [NYT] On the other hand, the Securities and Exchange Commission is already conducting an inquiry into Goldman's plan to give its clients access to Facebook shares. Regulatory scrutiny may come one way or another. [Bloomberg] Many — as in 1.53 million — U.S. consumers filed for Bankruptcy in 2010. That's 9 percent more than the year before and also ...

4 Steps to Kick Off the New Year With a Simpler Financial Life
Our financial lives are getting more and more complex. Of course, part of this increased complexity is due to the evolution of the market and a plethora of new investment products designed to serve a multitude life's financial needs. But a major part of that greater complexity is also due to increased personal responsibility for our finances. From the proliferation of the 401(k) and other self-directed Retirement plans to enormously increased sources of information on Personal Finance, we are ...

Book review: Financially Stupid People are Everywhere
Every Sunday, The Simple Dollar reviews a Personal Finance book or other book of interest....

How to beat the market? Only stay a day at a time
(01-02) 10:37 PST NEW YORK, (AP) -- It's one of the truisms of financial planning: trying to perfectly time the market is a fool's errand. For long-term gains, the advice goes, you should buy index funds and hold them indefinitely. Warren Buffett likes to say that his preferred holding period is "forever." But a very simplistic form of market-timing has worked for the past 11 years. It involves owning the Standard & Poor's 500 stocks, but only for the first day of every month. An S&P; report re...

Financial Tips for the New Year
Rebecca Jarvis and Personal Finance expert Farnoosh Torabi discuss some helpful tips to get your finances in order for the new year. Russ Mitchell and editor-at-large of "Men's Health" magazine Matt Bean discuss the best way to cure your New Year's hangover. Rebecca Jarvis and Early Show style contributor Katrina Szish predict what style trends will emerge in 2011. Rebecca Jarvis and Personal Finance expert Farnoosh Torabi discuss some helpful tips to get your finances in order for the new year....

Expedia Stops Selling American Airlines Tickets
Like this Story? Share it: American Airlines Jet Skids off Runway in Wyo. (AP) NEW YORK - Expedia Inc. has stopped selling tickets on American Airlines flights, the latest twist in a simmering pricing dispute between American and travel websites. "Expedia has chosen to no longer offer American Airlines fares on its website," American said in an statement posted on its website. "Customers looking to compare flights or fares online should visit other travel sites such as Kayak.com or Priceline.co...

How to beat the market? Only stay a day at a time
It's one of the truisms of financial planning: trying to perfectly time the market is a fool's errand. For long-term gains, the advice goes, you should buy index funds and hold them indefinitely. Warren Buffett likes to say that his preferred holding period is "forever." But a very simplistic form of market-timing has worked for the past 11 years. It involves owning the Standard & Poor's 500 stocks, but only for the first day of every month. An S&P report recently found that someone who ...

How to Navigate the Bond Market in 2011
Related Articles 9 Strategies for This (Or Any) Market 50 Ways to Improve Your Finances in 2011 8 Investing Resolutions for 2011 The 100 Best Mutual Funds for the Long Term The outlook for the Bond Market in 2011 remains uncertain. Recently, treasury yields have moved upward, causing some investors to panic and forecasters to call for the end of the bond market's bull run. The big question: whether or not Interest Rates (and bond yields) will rise in the new year. That will depend on a num...

Moving Beyond Fannie and Freddie
The new Congress, with a Republican House and a much narrower Democratic majority in the Senate, offers an opportunity for real reform of the housing-finance system. Up to now, most of the "reform" ideas floating through Washington have been designed to maintain a federal role. But if the 2010 election means anything, it is that the American People want the government to stop pursuing policies that put the Taxpayers at risk for private failures. The policy case against further government suppo...

5 Things You Should Do for Your Investments Now
It's a new year and time to treat yourself to the greatest gift of all—better investments. Making improvements to your investment accounts at least once a year can help you accumulate more money and reach your financial goals faster. So if you haven't sat down to review your portfolios, now's the time to get it done. Here are a handful of steps: 1. Rebalance your 401(k). Only one in six people who have 401(k)s ever change their investment mix. After you set up your 401(k), don't ignore y...

Apple Is Now Held By 190 Hedge Funds, And Other Groupthink Observations
were long the name, this number has subsequently risen even more, and most recently 190 Hedge Funds (not including Mutual Funds) were long the name. Should the company, which is priced beyond perfection, have some unpleasant news to report ever in its future, just Hedge Funds will need at least 2 straight days to liquidate their holdings in the name. Going down the list, all of the top 10 most popular stocks are held by at least 100 hedge funds, in essence this means that with everyone chasing...

AAII Asset Allocation Survey: Bond Holdings at a 10-Month Low
From AAII.com: Individual investors kept their portfolio allocations to equities essentially unchanged last month, according to the latest AAII Asset Allocation Survey. Stock and stock Mutual Fund allocations were 62.2% in December. The historical average is 60%. Bond allocations fell for a third consecutive month. Individual investors held 20% of their portfolios in bonds and bond funds in December, a 1.8 percentage-point decline from November. This is the smallest allocation to Fixed Income ...

TrimTabs: "No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From Bursting Eventually"
, and CNBC trucked out TrimTabs' Charles Biderman to a de minimis audience, knowing full well that a man with his understanding of money flows would very likely repeat his statement from last year, that there is no real, valid explanation for the inexorable move in stocks higher, as equity money flows in 2010 were decidedly negative, and any explanation of the upward melt up would need to account for Fed intervention (and no-volume HFT offer-lifting feedback loops but that is a story for another...

TI introduces the CC2567, the first dual-mode single-chip solution delivering ANT+ and Bluetooth connectivity
The CC2567 device will be available as part of the new ANT+ Bluetooth Health & Fitness Aggregator Kit. As the only supplier of ANT™ solutions for both sensor applications and mobile handheld peripherals, TI also announced today availability of a second evaluation kit, the CC257x ANT Network Processor Kit -- building out the company's ANT solution portfolio. Visit the following links to order either development kit: “TI is uniquely positioned to leverage its short range wireless ...