In December 2009, I wrote a blog about a "new" fundamental metric Tangible Book Value Per Share - TBVPS and Citigroup ... unfortunately, I can't find it in my MFool blog history ... [more]
Nat Gas, and associated companies like Chesapeake Energy (CHK), is going to get better. [more]
Q-50 Index ??
Yep, visit https://indexes.nasdaqomx.com
Nasdaq's 100 Index (IXF) has a "backup" list. Who knew? The Q-50 Index (NXTQ) is a quarterly revised list of candidates to replace Nasdaq 100 (IXF) Index listed companies that have to be removed from the IXF for any reason, takeovers, bankruptcy, etc ...
As of 12:39 PM ET 3/16/10 Nasdaq announced the candidates that will be added to the Q-50 as of Monday 3/22/2010 and the companies dropped from the Q-50.
The following, and Micron Tech (MU) is my favorite in the list, are being added to the Q-50 Index: Amylin Pharmaceuticals, Inc. (Nasdaq:AMLN), Gentex Corporation (Nasdaq:GNTX), Lincare Holdings Inc. (Nasdaq:LNCR), Micron Technology, Inc. (Nasdaq:MU), Rambus, Inc. (Nasdaq:RMBS), Sirius XM Radio Holdings Inc. (Nasdaq:SIRI), Vistaprint N.V. (Nasdaq:VPRT), and Windstream Corporation (Nasdaq:WIN).
To make way for the additions, the following are being dropped from the Q-50: CTC Media, Inc. (Nasdaq:CTCM), Endo Pharmaceutical Holdings, Inc. (Nasdaq:ENDP), LM Ericsson Telephone Company (Nasdaq:ERIC), Allscripts-Misys Healthcare Soultions, Inc. (Nasdaq:MDRX), Myriad Genetics, Inc. (Nasdaq:MYGN), Patterson-UTI Energy, Inc. (Nasdaq:PTEN), Strayer Education, Inc. (Nasdaq:STRA), and Techne Corporation (Nasdaq:TECH).
This is important, " need to know investor info ", as institutional investors that are modelling INDEX portfolios, funds, and ETF's after the IXF, may also, or will also, select from the Q-50 driving up prices of stocks being added to the list and knocking down prices of the companies being dropped.
Bonus time: Check out why MU is my favorite with the following:
(2) .... also: " New Crucial Energy-Efficient DDR3L 1.35v Server Memory Supports Latest Intel Platform " March 16, 2010 8:03 AM ET for the rest of the story:
(3) Market Report -- Short Stories (MU) March 12, 2010 9:23 AM ET
" Micron ests and tgt raised to $13 at Broadpoint AmTech on robust DRAM demand.... " for the rest of the story:
*** Now I looked back at the Nasdaq reformulation released on 12/11/2009, effective 12/21/2009 to see how the stocks added and dropped fared over the last 3 months. Shining stars on the added list: AKAM (+ 26.42%), HANS (+21.44%), and LBTYA (+31.64%) ... yep ... I had to double, and triple check the math. AND, while the "dropped" list went down, PALM (-66.27%), VSEA (-13.68%), there were some clear upside winners: SNDK (+40.71%), and MYL (+21.65%) [more]
Sadly, the outlook for a positive close on Friday ... didn't work out. Monthly,triple and quadruple witching days are not indicators of future market direction as the time limits forcing the closing of options and futures contracts have now ZEROED out those market influences ... leaving us to look to the Friday, April 16th 2010 options expiration for rolled over positions, or position increases, whether puts, or calls, for the NEXT bet on market direction.
"Healthcare Monday" is a toss up, depending if there is a vote on the Healthcare Bill, and the outcome of that vote. [more]
Review of DOW JONES INDU AVERAGE (DJIA) as of 3/18/2010 [more]
A couple of articles recently suggested using the first 4 stocks, or all 8, in the list to avoid fund fees and with a good daily correlation to the market, about 90% with the first 4, and 95 % with all 8 . Here is the list: [more]
Percent (C) held by Institutions: 34.90%
First, C sports only about 35% institutional investment compared to the average 70% institutional investment in C's competitors. A reduction in the number of shares outstanding will result in better earnings per share data ... inspiring MORE "global" confidence in C.
Getting rid of the USA gov't "impending fire sale" threat overhanging C is step one. Second, Step two is reduction of the shares outstanding ( Suggesting a REVERSE SPLIT of 1 for 10 ) to make it more than a penny stock, which may, due to some "self-imposed" fund rules ( Prices less than $5 ... Prices less than $10, etc), restrict institutional market buying and holding of C's stock.
Economics 101 basics --- more persons wanting something ( ie: Product X, or C's stock ) there's less of, or not enuf to go around, causes increasing prices. [more]
This is a must read ... and worth reading again ... [more]