financial-definitions-l-thru-q
Financial Definitions; L thru Q
Writen by Roger Sorensen
The ever increasing number of investment products and financial services in the marketplace today can be confusing. We have put together this glossary of financial definitions designed to help you understand some of the more common investment and financial terms you may encounter. Your financial advisor can explain these terms more completely and discuss with you those which are relevant to your situation.
Legal List - A list of investments selected by various states in which certain institutions and fiduciaries, such as insurance companies and banks, may invest. Legal lists are often restricted to high quality securities meeting certain specifications.
Leverage - The effect on a company when the company has bonds, preferred stock, or both outstanding. Example: If the earnings of a company with 1,000,000 common shares increases from $1,000,000 to $1,500,000 - earnings per share would go up from $1 to $1.50, or an increase of 50 percent. But if earnings of a company that had to pay $500,000 in bond interest increased that much - earnings per common share would jump from 50 cents to $1 a share, or 100 percent.
Liabilities - All the claims against a corporation. Liabilities include accounts, wages, and salaries payable; dividends declared payable; accrued taxes payable; fixed or long-term liabilities, such as mortgage bonds, debentures and bank loans.
Limit, Limited Order, or Limited Price Order - An order to buy or sell a stated amount of a security at a specified price, or at a better price, if obtainable after the order is represented in the trading crowd.
Liquidation - The process of converting securities or other property into cash. The dissolution of a company, with cash remaining after sale of its assets and payment of all indebtedness being distributed to the shareholders.
Liquidity - The ability of the market in a particular security to absorb a reasonable amount of buying or selling at reasonable price changes. Liquidity is one of the most important characteristics of a good market.
Listed Stock - The stock of a company that is traded on a securities exchange.
Load - The portion of the offering price of shares of open-end investment companies in excess of the value of the underlying assets. Covers sales commissions and all other costs of distribution. The load is usually incurred only on purchase, there being, in most cases, no charge when the shares are sold (redeemed).
Locked In - Investors are said to be locked in when they have profit on a security they own but do not sell because their profit would immediately become subject to the capital gains tax.
Long - Signifies ownership of securities. “I am long 100 U.S. Steel” means the speaker owns 100 shares.
Manipulation - An illegal operation. Buying or selling a security for the purpose of creating false or misleading appearance of active trading or for the purpose of raising or depressing the price to induce purchase or sale by others.
Margin - The amount paid by the customer when using a broker’s credit to buy or sell a security. Under Federal Reserve regulations, the initial margin requirement since 1945 has ranged from the current rate of 50 percent of the purchase price up to 100 percent.
Margin Call - A demand upon a customer to put up money or securities with the broker. The call is made when a purchase is made; also if a customer’s account declines below a minimum standard set by the Exchange or by the firm.
Market Order - An order to buy or sell a stated amount of a security at the most advantageous price obtainable after the order is represented in the trading crowd.
Market Price - The last reported price at which the stock or bond sold, or the current quote.
Maturity - The date on which a loan or bond comes due and is to be paid off.
Member Corporation - A securities brokerage firm, organized as a corporation, with at least one member of the New York Stock Exchange who is an officer or employee of the corporation.
Member Firm - A securities brokerage firm organized as a partnership and having at least one general partner or employee who is a member of the New York Stock Exchange.
Member Organization - The term includes New York Stock Exchange member Firms and Member Corporations.
Merger - Combination of two or more corporations.
Money Market Fund - A mutual fund whose investments are in high-yield money market instruments such as federal securities, CDs and commercial paper. Its intent is to make such instruments, normally purchased in large denominations by institutions, available indirectly to individuals.
Mortgage Bond - A bond secured by a mortgage on a property. The value of the property may or may not equal the value of the bonds issued against it.
Municipal Bond - A bond issued by a state or a political subdivision, such as county, city, town or village. The term also designates bonds issued by state agencies and authorities. In general, interest paid on municipal bonds is exempt from federal income taxes and state and local taxes within the state of issue.
Naked Option - An option position that is not offset by an equal and opposite position in the underlying security.
NASD - The National Association of Securities Dealers, an association of brokers and dealers in the over-the-counter securities business.
NASDAQ - An automated information network that provides brokers and dealers with price quotations on securities traded over-the-counter. NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations.
Negotiable - Refers to a security, title to which is transferable by delivery.
Net Asset Value - Usually used in connection with investment companies to mean net asset value per share. An investment company computes its assets daily, or even twice daily, by totaling the market value of all securities owned. All liabilities are deducted, and the balance divided by the number of share outstanding. The resulting figure is the net asset value per share.
Net Change - The change in the price of a security from the closing price on one day to the closing price on the next day on which the stock is traded. The net change is ordinarily the last figure in the newspaper stock price list. The mark +1 1/8 means up $1.125 a share from the last sale on the previous day the stock traded.
New Issue - A stock or bond sold by a corporation for the first time. Proceeds may be used to retire outstanding securities of the company, for new plant or equipment, for additional working capital, or to acquire a public ownership interest in the company for private owners.
New York Futures Exchange (NYFE) - A subsidiary of the New York Stock Exchange devoted to the trading of futures products.
New York Stock Exchange (NYSE) - The largest organized securities market in the United States, founded in 1792. The Exchange itself does not buy, sell, own, or set the prices of securities traded there. The prices are determined by public supply and demand. The Exchange is a not-for-profit corporation of 1,366 individual members, governed by a Board of Directors consisting of 10 public representatives, 10 Exchange members or allied members and a full-time chairman, executive vice chairman and president.
Non-cumulative - A type of preferred stock on which unpaid dividends do not accrue. Omitted dividends are, as a rule, gone forever.
NYSE Composite Index - The composite index covering price movements of all common stocks listed on the New York Stock Exchange. It is based on the close of the market December 31, 1965 as 50.00 and is weighted according to the number of shares listed for each issue. The index is computed continuously and printed on the ticker tape. Point changes in the index are converted to dollars and cents so as to provide a meaningful measure of changes in the average price of listed stocks. The composite index is supplemented by separate indexes for four industry groups: industrial, transportation, utility and finance.
Odd Lot - An amount of stock less than the established 100-share unit.
Off-Board - This term may refer to transactions over-the-counter in unlisted securities or to a transaction of listed shares that is not executed on a national securities exchange.
Offer - The price at which a person is ready to sell. Opposed to bid, the price at which one is ready to buy.
Open Interest - In options and futures trading, the number of outstanding option contracts, at a given point in time, which have not been exercised and have not yet reached expiration.
Option - A right to buy (call) or sell (put) a fixed amount of a given stock at a specified price within a limited period of time. The purchaser hopes that the stock’s price will go up (a call) or down (a put) by an amount sufficient to provide a profit when the option is sold. If the stock price holds steady or moves in the opposite direction, the price paid for the option is lost entirely. There are several other types of options available to the public but these are basically combinations of puts and calls. Individuals may write (sell) as well as purchase options. Options are also traded on stock indexes, futures, and debt instruments.
Overbought - An opinion as to price levels. May refer to a security that has had a sharp rise or to the market as a whole after a period of vigorous buying which, it may be argued, has left prices “too high.”
Oversold - The reverse of overbought. A single security or a market which, it is believed, has declined to an unreasonable level.
Over-The-Counter - A market for securities made up of securities dealers who may or may not be members of a securities exchange. The over-the-counter market is conducted over the telephone and deals mainly with stocks of companies without sufficient shares, stockholders, or earnings to warrant listing on an exchange. Over-the-counter dealers may act either as principals or as brokers for customers. The over-the-counter market is the principal market for bonds of all types.
Paper Profit (Loss) - An unrealized profit or loss on a security still held. Paper profits and losses become realized only when the security is sold.
Par - In the case of a common share, par means a dollar amount assigned to the share by the company’s charter. Par value may also be used to compute the dollar amount of common shares on the balance sheet. Par value has little relationship to the market value of common stock. Many companies issue no-par stock but give a stated per share value on the balance sheet. In the case of preferred stocks it signifies the dollar value upon which dividends are figured. With bonds, par value is the face amount, usually $1,000.
Participating Preferred - A preferred stock, that is entitled to its stated dividend and, also, to additional dividends on a specified basis upon payment of dividends on the common stock.
Passed Dividend - Omission of a regular or scheduled dividend.
Penny Stocks - Low-priced issues, often highly speculative, selling at less than $1 a share. Frequently used as a term of disparagement, although some penny stocks have developed into investment caliber issues.
Point - In the case of shares of stock, a point means $1. If ABC shares rise 3 points, each share has risen $3. In the case of bonds a point means $10, since a bond is quoted as a percentage of $1,000. A bond that rises 3 points gains 3 percent in $1,000, or $30 in value. An advance from 87 to 90 would mean an advance in dollar value from $870 to $900. In the case of market averages, the word point means merely that and no more. If, for example, the NYSE Composite Index rises from 90.25 to 91.25, it has risen a point. A point in this index, however, is not equivalent to $1.
Portfolio - Holdings of securities by an individual or institution. A portfolio may contain bonds, preferred stocks, common stocks and other securities.
Preferred Stock - A class of stock with a claim on the company’s earnings before payment may be made on the common stock and usually entitled to priority over common stock if the company liquidates. Usually entitled to dividends at a specified rate - when declared by the Board of Directors and before payment of a dividend on the common stock - depending upon the terms of the issue.
Premium - The amount by which a bond or preferred stock may sell above its par value. For options, the price that the buyer pays the writer for an option contract (”option premium” is synonymous with “the price of an option”). May refer, also, to redemption price of a bond or preferred stock if it is higher than face value.
Price-Earnings Ratio - A popular way to compare stocks selling at various price levels. The PE ratio is the price of a share of stock divided by earnings per share for a twelve-month period. For example, a stock selling for $50 a share and earning $5 a share is said to be selling at a price-earnings ratio of 10.
Primary Distribution - Also called primary or public offering. The original sale of a company’s securities.
Prime Rate - The lowest interest rate charged by commercial banks to their most credit-worthy customers; other interest rates, such as personal, automobile, commercial and financing loans are often pegged to the prime.
Principal - The person for whom a broker executes an order, or dealers buying or selling for their own accounts. The term “principal” may also refer to a person’s capital or to the face amount of a bond.
Profit-Taking - Selling stock which has appreciated in value since purchase, in order to realize the profit. The term is often used to explain a downturn in the market following a period of rising prices.
Prospectus - The official selling circular that must be given to purchasers of new securities registered with the Securities and Exchange Commission. It highlights the much longer Registration Statement file with the Commission.
Proxy - Written authorization given by a shareholder to someone else to represent him or her and vote his or her shares at a shareholders’ meeting.
Proxy Statement - Information given to stockholders in conjunction with the solicitation of proxies.
Prudent Man Rule - An investment standard. In some states, the law requires that a fiduciary, such as a trustee, may invest the fund’s money only in a list of securities designated by the state - the so-called legal list. In other states, the trustee may invest in a security if it is one that would be bought by a prudent person of discretion and intelligence, who is seeking a reasonable income and preservation of capital.
Quote - The highest bid to buy and the lowest offer to sell a security in a given market at a given time. If you ask your broker for a “quote” on a stock, he or she may come back with something like “45 1/4 to 45 1/2.” This means that $45.25 is the highest prices any buyer wanted to pay at the time the quote was given on the floor of the Exchange and that $45.50 was the lowest price that any seller would take at the same time.
A complete listing of financial definitions can be found by visiting http://www.slave2work.com/articles/financialdefinitions.html
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Roger Sorensen America’s Financial Guide can be found at ==>http://www.Slave2Work.com Subscribe to Money Basics via http://www.slave2work.com/ezine.html Slave2Work.com - Are you ready for financial freedom? |
get-financial-help-through-bad-credit-unsecured-loans
Get Financial Help Through Bad Credit Unsecured Loans
Writen by Peter Cliv
Bad credit unsecured loans could help you in fulfilling your financial requirement even if you are facing bad credit problems. Have you any of the problems like County Court Judgments (CCJ’s), defaults, bankruptcy, etc., do not worry, bad credit unsecured loans will take care of all your financial needs as well as demands.
Now-a-days, bad credit problems are becoming more common in UK. Market lenders know the reasons behind such problems. Therefore, lenders in UK offer bad credit unsecured loans without much difficulty. You may get loans at competitive rates of interest from the lenders.
Bad credit unsecured loans do not require any security against the loan amount. In the absence of collateral, such loans can be obtained for tenants as well as for property owners. Many homeowners do not want to place their property as collateral. For such people, bad credit unsecured loans could be the best option. There are many benefits attached with bad credit unsecured loans such as:
No collateral is required;
Loan for tenants as well as for homeowners;
No property risk;
Fast loan processing and approval;
Less paper work;
Competitive interest rates.
Borrowers with poor credit record get a good chance to improve their credit record by taking bad credit unsecured loans. Therefore, it is necessary for the borrowers to calculate the loan amount, the repayment plan and of course the interest rate before securing such loans. Browse different financial websites and look for the loan offers in the present situation. Select the loan deal as per your requirement.
Improve your financial condition through bad credit unsecured loans.
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The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Longdogfinance as a finance specialist. For more Loans related information visit us at http://www.longdogfinance.co.uk/unsecured_loans.asp |
evolution-of-money-in-the-world
Evolution of Money In The World
Writen by Greg Dempsey
The evolution of money in the world is something few of us truly understand. While I have learnt to believe only recently money comes to you easily when you think and act in certain ways, not through more hard work and struggle.
We have been conditioned as people growing up through society to believe more hard work will create simple abundance. This could not be further from the truth, harder work will produce more struggle. Life’s abundance is a result of conditioning your belief system into attracting abundance with the evolution of money in the world.
If evolution of money in the world were to be distributed evenly amongst us, we would each be worth $3 million. Now that’s a far cry from reality! How does this work?
Money of the world is just that, an evolution of money in the world and if you are not aware of how the process works attracting money becomes almost impossible.
Consider these points when attracting wealth into your life;
* Why if you have been conditioned for hard work and struggle, you’ll attract “more hard work and struggle”, instead of becoming rich.
* Changing your wealth conditioning
* How you feel about yourself will determine your income!
* Do you charge enough for your time and services?
* Be spiritually comfortable with being rich
* Avoiding cheap and discounted products, and only buy good quality!
* As children we grow up thinking it’s bad to become wealthy.
* If your negative you’ll repell money.
Live and learn your way to wealth.
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Author: Greg Dempsey - Investor/Marketer Title: Evolution of Money In the World Reprinting this article is allowed with this footer attached |
why-bounced-cheques-mean-bad-business
Why Bounced Cheques Mean Bad Business
Writen by Joseph Kenny
Small businesses rely heavily on maintaining a good cash flow and having their clients pay on time. So when half of the UK’s small businesses are suffering from poor cash flow that is bad news for small businesses.
Recent research shows that small, medium and large companies have had many bounced cheques. Micro companies, with less than 10 employees, have been less affected.
One way in which this can happen is when someone pays a business by cheque for goods or services. The business pays it into their bank. The prudent business owner checks that the cheque has cleared and writes out new cheques based on the money that is in the business bank account. It later turns out that the cheque hadn’t cleared at all and the business owner is now overdrawn and in debt. This means steep bank charges and makes it less likely that business facilities will be extended in the future.
Understanding The Cheque Clearing System
Most people know that a cheque takes anywhere from three to seven working days to clear. The date that a cheque clears depends on:
1. The currency that the cheque is in. Sterling cheques in the UK clear more quickly than cheques in French francs, for example.
2. Whether the bank that has issued the cheque is in the same group of companies as the bank the cheque is being paid into. Cheques usually take longer to clear when paid outside the banking group.
3. Whether the cheque is paid in on a business day.
What most people don’t know is that most banks ‘clear’ cheques when the normal clearing period has elapsed. This sometimes happens before the bank has verified that the funds are available. The bank makes the amount of the cheque available for withdrawal but it hasn’t really cleared.
Some unscrupulous people can use this to their advantage. For example, they could pay by cheque for goods or services, write the wrong amount on the cheque, ask for a refund and disappear with the money well before the cheque clearing process is complete. When the original cheque bounces, it is the small business that is left facing an angry bank manager and a large bill.
Payment Help For Businesses
Luckily, there are other ways for businesses to receive money from their customers. The first is the Banks Automated Clearing System (BACS). This is a secure system in which payments take only three days to clear. This system is commonly used to pay salary cheques directly to employee’s bank accounts.
A more costly system (with fees around
flexible-spending-accounts-a-great-employee-benefit
Flexible Spending Accounts- A Great Employee Benefit
Writen by Kathy Swann
If you are lucky enough to work for a company that offers Flexible Spending Accounts, be sure to take advantage of this great benefit that will put more money back into your pocket. If you or your dependents have any medical or dental expenses not covered under your health insurance during the year, you can use this benefit to pay for them with pre-tax dollars. Simply figure the amount of out-of-pocket medical expenses you will have for the year, sign up for your company’s FSA by the deadline, save your receipts and submit them for reimbursement as you incur them.
This will save you on taxes. In order to pay fewer taxes, you have to reduce your taxable income. Participating in an FSA can help you achieve this because it’s deducted from your paycheck before your taxes are calculated. This reduces your taxable income and therefore reduces the taxes taken from your paycheck.
Examples of some medical expenses you can submit:
Co-pays for office visits
Dental check-ups & fillings (but not cosmetic dental work)
Prescriptions
Eyeglasses and contact lenses, including cleaning solutions
Certain over the counter medicines such as for cough & cold
Be sure to save your medical receipts during the year, and submit them regularly instead of waiting until year-end. This puts more money back in your pocket each month.
The best advantage for using an FSA is that you can begin to use the balance before it has been deducted from your paycheck. One year I had extensive dental work done on the third of January, submitted the receipt and got my reimbursement before it had even been deducted from my first paycheck of the year!
One caveat here- make sure to come up with a realistic dollar amount for your medical expenses when you sign up. With an FSA, you are allowed to submit the total amount you elected before it has been deducted from your paycheck, but you will lose those amounts you don’t use. This is a very important point to understand- if you cannot spend your balance by the end of the year, you cannot carry that balance over into the new year and you forfeit that money.
Another important tip to know- if you terminate your employment during the year, you can only submit expenses that were performed up to your last date of work. For this reason specifically, I recommend that you schedule your medical visits early in the year so you can begin to reap the benefit. If you were to be laid off during the year and hadn’t used up your balance, you wind up losing the money that was left in your account.
Find out if your employer offers Flexible Spending Accounts as part of their benefit package, and plan to take advantage of this terrific benefit next year. Ask your HR department for details.
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Kathy Swann has over 25 years experience in office administration, payroll and Human Resources. Her e-book “How to Win When You Lose Your Job: A Handbook for Those Soon to Be Unemployed” was written to help employees understand what benefits are available to them should they lose their job through no fault of their own. Purchase this e-book at http://www.loseyourjob.net |
financial-service-companies
Financial Service Companies
Writen by Kristy Annely
The Internet provides a wealth of information on companies that offer financial services to their clients. You just need to enter your query on a regular search engine, and you will be flooded with thousands of websites of companies that offer such services. The problem lies in finding the right site to fit your needs. A solution to this problem is to know exactly what you want so that your search can be narrowed down to the companies that offer the services that you want.
One way of narrowing your search is to be specific in your queries. For example, instead of just typing “banking services,” you can type “personal savings account” or “time deposits” instead. For business accounts, you may type “venture capital” instead of just typing generic words like “lending.” For corporate accounts, it may also be helpful just to type in the words “employee compensation and benefits” rather than typing “salaries and wages.”
Some search engines also provide help in deciphering the right information by giving categories of the financial services that are available online; all you have to do is to click on the link that is usually placed on the home page of the search engine. The usual major categories include banking services, insurance, and mortgages. Under these major categories, you will then be able to find relevant sites that can help you with your needs. If you wish to look for banks that may be able to finance a car or a home loan, you just have to look under the category of mortgages. For services that involve running a business, you may find categories like cash flow management and financial planning under the banking services category. These major categories help in narrowing down the choices that you face because they eliminate other websites that would have appeared in your search if you used vague terms.
When you are flooded with information, finding the information that you need is difficult. This is why it is helpful that when using the Internet to search for financial services, you know what kind of service you want and where to look for it. Being more specific and using tools provided search engines are only a few ways at solving this problem.
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Financial Services provides detailed information on Financial Services, Business Financial Services, Financial Service Companies, NCO Financial Services and more. Financial Services is affiliated with Fee Only Financial Planners. |
things-you-should-know-about-going-offshore
Things You Should Know About Going Offshore
Writen by Jodi Nicholson
Offshore 10 Commandments
If you are thinking about “incorporating a company offshore” the following should be carefully considered to ensure that your offshore company strategy is kept private and legal. The following activities relating to the management and administration of a fund or offshore incorporated company must take place at the Foreign Principal Office of the fund/company, or at another office outside of the United States:
1. All communication with shareholders, including provision of monthly statements of accounts, investment reports, annual financial statements and all other reports, financial or otherwise.
2. Communicating with the general public.
3. Soliciting sales of shares of or subscriptions into the Fund.
4. Accepting and processing subscriptions from shareholders.
5. Maintaining both the corporate records and books of account of the Fund.
6. Auditing the Fund’s books of account.
7. Distributing payment of dividends, fees and expenses, including legal, accounting management and investment advisory fees, as well as payment of salaries and other expenses of the Fund.
8. Publishing the Fund’s share prices, whether at the net asset value per share, or the bid (redemption) and offer (subscription) prices. 9. Holding board (directors) and shareholders’ (members) meetings.
10. Accepting redemption notices from shareholders and affecting the redemption of the Fund’s shares or shares in the IBC for such shareholders.
It is important to note that while there are may companies that tout that they are able to provide incorporation services many fail to inform you that these companies need to be legitimize as to avoid problems which may arise from a creditor attacking the credibility of your company. This can be done without too much hassle with an Offshore Management Company in the form of an Offshore Office. This is the one thing that legitimizes your offshore or onshore company in the eyes of your home state.
Presenting a professional image is extremely important when building the integrity of your new incorporation. Basically, this is the proof that you are truly a business. It is your insurance policy. With an offshore office it is impossible for your business to be considered spurious or non-genuine so please give an offshore office careful thought:
Keep in mind that if you were to try and set up a similar package by yourself it would cost over well over $2,000.00 US per month to maintain not to mention the cost of the time spent to set these items up and monitor them. We will provide these services to your new company at just a small fraction of that cost.
A company conducting business without a phone and fax-line is unfathomable! How would your customers contact you? And yes it would be a bad idea to use a US phone line to conduct business on behalf of a foreign company. To build the image of your newly formed offshore company we will provide you with an offshore office package which includes essential elements such as offshore mail forwarding, offshore private fax and telephone number, offshore email accounts and offshore website hosting and data storage on a secure server. Please visit our site at www.bahamasbusinesscentre.com.
wall-street-to-main-street-news-views-and-commentary-april-26-2006
Wall Street to Main Street: News, Views and Commentary: April 26, 2006
Writen by Louis Victor
It’s Wednesday April 26, 2006, and after President Bush’s speech yesterday oil markets are still towing the line as the main catalyst is still the situation in Iran, the rising prices at the pump has a big question mark on it as the switch to the ethanol additive may partially be to blame.
The NAMC Newswire’s “Wall Street to Main Street” segment in its entirety is only available to subscribers. Don’t miss out and Keep in mind that all subscriptions are free and will remain that way. All that you need to do is go to www.namcnewswire.com and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with any third parties.
We want to hear from our readers/listeners, so drop us a line, maybe you have a question about a certain company or perhaps you want to introduce us to a company that we should know about.. All that you need to do is either shoot us out an email using our contact form on our website at www.namcnewswire.com or give us a call toll free at 888-463-9237 between the hours of 6:30pm and 12am weekdays. Your question could be a part of the Wall Street to Main Street radio show that is syndicated daily.
Remember that you can always listen to the NAMC Radio on Streetiq.com, the leader in financial podcast. www.streetiq.com and is also available on iTunes.
Political Front
Twin suicide attacks targeting security personnel rocked northern Sinai near the Gaza Strip today, two days after triple bombings killed at least 18 people in a resort further south.
It looks as though Fox News’ Tony Snow will be named White House press secretary by President Bush at some point this morning, an excellent replacement for Bush.
US Secretary of State Condoleezza Rice and Defence Secretary Donald Rumsfeld made a surprise visit to Iraq to show support for the country’s emerging new government.
Added note:
The film about United Flight 93 that depicts the events of September 11 has premiered at the Tribeca Film and over 90 relatives of the victims of Flight 93 attended the premiere. Robert DeNiro acknowledged the presence of the relatives and the nature of the film as he addressed the audience before the showing.
On a personal note, being a New Yorker and seeing first hand the devastation that day, almost losing my wife in the WTC and attending countless wakes, I have to say that even though for most this may be a hard film to watch, it is a story that must be told so that we do not forget those that were lost and those heroes that never made it back home. I have yet to see the film but for Robert DeNiro to allow it to be shown at the Tribeca Film festival it had to be worthy.
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Movers and Shakers
Some major movers in yesterday’s trading session include Pope and Talbot (NYSE: POP) which traded up $1.29 to close at $7.05, Great American Financial (NYSE: GFR) which traded up $2.53 to close at $22.65, Millipore Corp (NYSE: MIL) which traded up $5.90 to close at $75.25, NewMil Bancorp (NASDAQ: NMIL) which traded up $10.92 to close at $39.83, NurtiSystem (NASDAQ: NTRI), a company that is in its zone with summer creeping ever so close, the stock traded up $17.31 to close at $68.01, Serologicals (NASDAQ: SERO) which traded up $7.83 to close at $31.15, Zoran Corp (NASDAQ: ZRAN) which traded up $6.50 to close at $29.13 and Indymac Bancorp (NYSE: NDE) which traded up $5.94 to close at $75.99.
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Tid Bits
Caterpillar (NYSE: CAT) ripped through 1st quarter projections with a 48% rise in profits beating the analyst estimate and still the stock of the heavy machinery company was pounded yesterday as it closed at $74.93 down $2.45. But just like Advanced Micro Devices (NYSE: AMD), this company was oversold and for all intents and purposes is still at a discount as it has to potential to go into the double digits this year.
Boeing (NYSE: BA) is not only a company to watch as earnings are on the way but it’s a stock to own. With major contracts being signed with China as of late it’s only a matter of time before that relationship grows a lot stronger, one other avenue of growth is Boeing tapping into the other emerging market India. So there are a lot of opportunities for growth as the stock has the potential to be a $100 stock in the next 6 to 12 months.
Amazon.com’s (NASDAQ: AMZN) earnings slide down over 35% as they announced 1st quarter earnings of 12 cents per share, compared with $78 million, or 18 cents per share, in the same period a year ago. They painted a colorful picture as they gave some guidance for future quarters but proceed with caution as competition is going to get fierce in 2006/07 and the rising oil prices will drive up their shipping cost and will eat into their earning ability..
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FURIOUS FIVE
This is the third of our “Furious Five” companies that we see excelling in their industry in 2006. Our third addition to this week’s Furious Five is Power Integrations Inc (NASDAQ: POWI) it trades on the Nasdaq under the symbol POWI.
To get our outlook on the Furious Five and other vital information about this company and others, just subscribe to Wall Street to Main Street FREE at www.namcnewswire.com
We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.
NAMC Newswire Note
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Louis Victor NAMC Newswire 888-463-9237
Disclaimer: None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.
All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made.
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Louis Victor is the host of the syndicated podcast show and financial newsletter “Wall Street to Main Street” which is featured on the NAMC Newswire Radio. He has been involved in the financial industry for over two decades, on the retail and investment banking ends. He is also well versed in the advertising and marketing industries, which has given him insight into market trends and unqiue companies that may be under the radar. |
has-psychology-stolen-your-investing-objectivity
Has Psychology Stolen Your Investing Objectivity?
Writen by Matthew Clement
It has been said that the way to earn the most from your investments is to keep careful track of them. But be very cautious before accepting this advice at face value; it may very well create more problems than you realize.
The more you pay attention to your own investments, the more you become psychologically vested in their performance. There is a proven tendency to keep an investment after a loss to avoid the pain associated with that loss, or to sell an investment after a gain to experience the feeling of a ‘winning choice.’ This is known as the disposition effect. Either action would be an example of using the wrong criteria for an investment decision, and most often, it leads to lower overall performance.
Perhaps you’re saying, “Not a chance! I don’t sell my investments because they’ve done well, I keep them because they’ve done well!” In that case, you have just brought up another psychological pitfallforming expectations of the future based on events of the recent past. This is one example of a concept known as herding, and it’s potentially hazardous. In the market, there is actually a reverse correlation between the recent past and the near future. In other words, if a segment of the market has done really well in the last three months, it is more likely to under-perform in the following three months, rather than continue its upward trend. This is known as reversion to the mean.
Now you’re saying, “Wait, so holding an investment because of poor performance is irrational, but so is holding an investment because of excellent performance?” The only answer is, “It depends.” Making investment decisions based on short-term past performance is generally plagued with irrational tendencies. However, making such decisions based upon long-term performance, relative to the investment objective being used, is far more appropriate, especially when in conjunction with other criteria, such as your time horizon, risk tolerance, and overall objective.
So what can you do to prevent irrationality? Seek the help of a professional!
©2005 Matthew S. Clement, All rights reserved.
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Matthew S. Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email: ClementM@FinancialNetwork.com. |
Health Supplements
In the recent times people have become extremely health-conscious. In the quest for a healthy lifestyle, they are now turning towards health supplements. Health supplements are specially made pills, powders or syrups which offer extra nourishment or medicinal benefits. If taken along with a healthy diet, these supplements can go a long way if producing excellent health effects.
Health supplements are usually made from natural ingredients, which include a plethora of herbs, vitamins, minerals, natural extracts and vegetables. Apart from being extremely effective, these supplements have minimal side effects and are apparently harmless.
Health supplements have an unending list of applications. From skin care to weight loss, anti-aging to body building, memory-loss remedies to anti-stress therapies, health supplements are available in a wide variety of strengths for different problems and age groups. Though there is much scientific evidence which testifies to the safety and effectiveness of these supplements, it is always advisable to consult a doctor before taking up any supplements.
Harnessing the qualities of herbs and integrating them with vitamins, minerals and special extracts has led to the birth of these health supplements which have, in a way, revolutionized the medicinal industry. Complete with the list of ingredients, applications and advantages, these supplements have made common people more self-sufficient as far as taking care of their health is concerned. Apart from beauty and weight-related remedies, these supplements also offer highly effective treatment options for a large number of diseases like diabetes, high blood pressure, stress, arthritis, high cholesterol, asthma, migraines and more.
Herbs and natural ingredients had been a part of the medicinal system of the Orient for ages. Now their reincarnation as supplements has added a whole new dimension to the medicinal industry. These supplements have been a boon for the health conscious.
Health Supplements provides detailed information on Health Supplements, Natural Health Supplements, Discount Health Supplements, Alternative Health Supplements and more. Health Supplements is affiliated with Discount Nutritional Supplements.
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