Memo to the President and Congress: The stock market doesn’t care about your shutdown nonsense. (But it does care about the debt limit, so keep reading.)
Stocks shrugged off the first full day of the historic 2013 government closure. The Dow Industrials added 0.41%, the S&P 500 gained 0.80%, and the Nasdaq composite jumped 1.23%. The stock market virtually aped its historical performance during the last two government closures in 1995 and 1996.
But one day’s performance doesn’t necessarily make a trend, nor does it mean financial markets will forgivingly tolerate everything the government does.
During 2011, the debt ceiling brouhaha, something happened that we shouldn’t soon forget. As politicians on both sides of the aisle were bickering, the S&P 500 (SPY) swiftly declined 16.58% from July 22 to Aug. 8.
That provided a clear message: Financial markets don’t like political grandstanding, particularly when it impacts something as meaningful as sovereign debt.
Hot Companies To Watch In Right Now: Sun-Rype Products Com Npv (SRF.TO)
Sun-Rype Products Ltd. engages in the production, marketing, and sale of fruit-based beverages and food products under the SunRype brand in Canada and the United States. The company offers fruit snacks, concentrated and single strength juices, juice blends, and drinks. It also engages in the contract manufacturing of food and beverage products for other companies to distribute under their own brand or private label names; and produces and sells industrial ingredients, including bulk juice and juice concentrates. The company sells its products through grocery stores, club stores, mass merchandisers, smaller wholesalers, and drug stores, as well as retailers. The company was formerly known as BC Fruit Processors Ltd. and changed its name to Sun-Rype Products Ltd. in April 1959. Sun-Rype Products Ltd. was founded in 1946 and is headquartered in Kelowna, Canada.
Hot Companies To Watch In Right Now: Cluff Gold Plc (CFG.TO)
Cluff Gold plc engages in the acquisition, exploration, development, and operation of gold mines and deposits in west Africa. The company�s flagship project is Baomahun Gold Project, a feasibility-stage gold project covering a license area of 136 square kilometers located in the east of the capital Freetown in Sierra Leone. It also holds interest in the Kalsaka project, a producing gold mine comprising 800 square kilometers of property area situated in the Yatenga Province, Burkina Faso; the Yaoure project, a gold project comprising 367 square kilometers of property area located in C么te d�Ivoire; the Mamoudouya Project covering an area of 109 square kilometers situated in western Mali; and Sega project, which covers an area of 313 square kilometers located to the northwest of Ouagadougou. The company was founded in 2003 and is headquartered in London, the United Kingdom.
Hot Undervalued Companies To Watch For 2014: Servotronics Inc.(SVT)
Servotronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of technology and consumer products primarily in the United States. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment designs, manufactures, and markets various servo-control components that convert an electrical current into a mechanical force or movement, and other related products. Its servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices that are principally sold to commercial aerospace, missile, aircraft, government related, medical, and industrial markets. This segment also produces metallic seals in various cross-sectional configurations that are used to fit between two metal surfaces to produce a secure and leak-proof joint. The ATG segment markets its products primarily through its professional staff to the United States Govern ment, government prime contractors, government subcontractors, commercial manufacturers, and end users. The CPG segment designs, manufactures, and sells various cutlery products, including steak, carving, bread, butcher, and paring knives for household use and for use in restaurants, institutions, and private industry; pocket and other types of knives for use in hunting, fishing, and camping; and machetes, bayonets, and other types of knives for military use. This segment also produces and markets other cutlery items, such as specialty tools, putty knives, linoleum sheet cutters, field knives, and other edged products. The CPG segment markets its products through sales personnel and independent manufacturers? representatives to hardware, supermarket, variety, department, discount, gift, and drug stores, as well as to various branches of the United States Government primarily under the ?Old Hickory? and ?Queen? brand names. Servotronics, Inc. was founded in 1959 and is based in Elma, New York.
Advisors' Opinion:- [By Sarah Jones]
Societe Generale SA, Barclays Plc and Deutsche Bank AG led a selloff in banks, with each falling more than 2 percent. Severn Trent Plc (SVT) sank the most since October 2006 after a consortium of investors dropped their bid for the water utility. Kabel Deutschland Holding AG jumped 8.2 percent after Vodafone Group Plc confirmed it approached the company about a takeover.
Hot Companies To Watch In Right Now: Pixelworks Inc.(PXLW)
Pixelworks, Inc., together with its subsidiaries, engages in the design, development, and marketing of video and pixel processing semiconductors and software for digital video applications. Its products include ImageProcessor integrated circuits (ICs), which comprise embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems, such as projectors and high-resolution flat panels; Video Co-Processor ICs that work in conjunction with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution; and Networked Display ICs, which allow the same video stream to be networked across multiple displays. The company serves the manufacturers of digital display and projection devices, such as liquid crystal display (LCD) large-screen televisions and 3LCD, and digital light processing digital front projectors, as well as the flat pa nel display market, including digital signage. Pixelworks, Inc. sells its products through its direct sales force, distributors, and manufacturers? representatives in Japan, Taiwan, China, Korea, the United States, Europe, and southeast Asia. The company was founded in 1997 and is based in San Jose, California.
Advisors' Opinion:- [By Roberto Pedone]
A semiconductor stock that looks poised for higher prices is Pixelworks (PXLW), which designs, develops and markets video and pixel processing semiconductors and software for high-end digital video applications. This stock has been in play with the bulls so far in 2013, with shares up by 104%.
If you take a look at the chart for Pixelworks, you'll notice that this stock has been uptrending for the last month and change, with shares moving higher from its low of $3.63 to its intraday high of $4.74 a share. During that uptrend, shares of PXLW have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of PXLW into breakout territory above $4.58 a share with strong upside volume flows. Volume so far today has already surpassed 1 million shares, which is well above its three-month average action of 334,348 shares.
Market players should now look for long-biased trades in PXLW if it manages to break out above Thursday's intraday high of $4.74 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 334,348 shares. If we get that move soon, then PXLW will set up to re-test or possibly take out its 52-week high at $5.30 a share. Any high-volume move above $5.30 will then give PXLW a chance to tag $6 a share.
Traders can look to buy PXLW off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $3.92 a share, or below some more support at $3.80 a share. One can also buy PXLW off strength once it clears $4.74 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Jon C. Ogg]
Pixelworks Inc. (NASDAQ: PXLW) showed that its second-quarter revenue rose by 15.5% due to increased sales of chips for both projectors and TVs. Shares were up 26% at $4.50 in the Tuesday after-hours session, but we would warn that volume is not as active and a wide spread may have amped the gain. Now we have shares up a whopping 44% at $5.15, and volume has become active as a result.
Hot Companies To Watch In Right Now: Aurium Resources Ltd(AGU.AX)
Aurium Resources Limited operates as a mineral exploration company in Australia. It focuses on iron ore deposits. The company has a joint venture agreement to explore for iron ore in the Robinson Range area of the Padbury-Bryah Basin in Western Australia. It also explores for uranium deposits in Australia. Aurium Resources Limited was incorporated in 2007 and is based in West Perth, Australia.
Hot Companies To Watch In Right Now: Ruth's Hospitality Group Inc.(RUTH)
Ruth?s Hospitality Group, Inc., together with its subsidiaries, operates restaurants in the United States and internationally. It operates the Ruth?s Chris Steak House, Mitchell?s Fish Market, Columbus Fish Market, Mitchell?s Steakhouse, and Cameron?s Steakhouse restaurant concepts in the full-service dining industry. The company?s restaurants cater to families, special occasion diners, and business clientele. As of December 27, 2009, it owned or operated 152 restaurants, including 64 company-owned Ruth?s Chris Steak House Company restaurants, 66 Ruth?s Chris Steak House franchise restaurants, 19 company-owned Mitchell?s Fish Markets, and 3 company-owned Mitchell?s Steakhouse restaurants. The company was formerly known as Ruth?s Chris Steak House, Inc. and changed its name to Ruth?s Hospitality Group, Inc. in February 2008. Ruth?s Hospitality Group, Inc. was founded in 1965 and is headquartered in Heathrow, Florida.
Advisors' Opinion:- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Ruth's Hospitality Group (Nasdaq: RUTH ) .
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