New U.S claims for jobless benefits slashed more than it was anticipated earlier week to their lowest levels since the past two years, clearly indicating that the labor market recovery was gaining its momentum. The earlier claims for state’s unemployment benefits dropped 34,000 to a seasonally adjusted volume of 388,000, its lowest marks since the beginning of July 2008, as revealed by the Labor Department on Thursday. And the figures were far below the economists’ predictions of 415,000.
The previous week’s claims numbers was reviewed discreetly up to 422,000 from the earlier reported figures of 420,000. And a Labor Department official remarked that there was nothing uncommon in the state-level data report and described the data as being spotless. Adam Sarhan, chief executive of Sarhan Capital in New York said that this sums up to the idea that the employment picture is getting better and this is yet another feature in the cap of the idea of economic recovery. U.S Treasury debt costs, already registering soft before the data lost more ground and while the dollar fell sharply as against the yen. And Standard & Poor’s stock index futures clipped the damages.
And the four week average of new unemployment claims, considered an effective measure of underlying labor market trends, slashed 12,500 to 414,000, its lowest levels since the week closing at July 26, 2008. The gradual fall in claims in the current weeks clearly signals the pace of employment generation picked up its momentum this month, after the Labor Department’s non-farm payrolls report told the employers created 39,000 jobs in November. And the employment data of December is due on January 7th. But the claims data also highlighted the rate of people still getting benefits under the regular state programs after an initial week of support increased by 57,000 to 4.13 million in the week closing on December 18th way beyond the market anticipations of 4.10 million.
The unemployment rate is most likely to remain pumped up as the improving labor market and general financial conditions of the nation tempt discouraged job hunters back into the labor force. The total amount of people on emergency unemployment benefits dropped by 77.741 to 3.71 million in the week closing December 11th. And a sum of 8.87 million people were still requesting for jobless benefits during that time under all kinds of programs.
We here at StockRoach.com would like to wish you all a very Happy New Year. We have had a exceptional year with tons of double and even triple digit stock calls. We will be working very hard to continue this tradition into 2011, so spread the word and be prepared to get right back at it in just a few days.
U.S consumer confidence unexpectedly drops in December, while the costs of single family homes slashed almost by double the anticipated pace in October, triggering rising optimism on the economy’s recovery. The latest data was at odds as compared with other indications clearly implying that the process of economic revival is slowly moving and an independent report earlier week reflecting consumer sentiment in December at its highest peaks since June. Worries regarding the employment market forced an index of consumer attitudes to 52.5 in December from 54.3 in November, as reported by the Conference Board on Tuesday. And that was lower than the median predictions from analysts at 56.0.
Consumers’ assessment of the employment market deteriorated in December after data at the beginning of the month reflected the rates of unemployment increased in November to a seven month high registering at 9.8 percent. And ‘jobs hard to get’ index of the sentiment survey hiked to 46.8 percent in December from 46.3 earlier months, while the jobs plentiful index slashed to 3.9 from 4.3 percent. And financial markets also showed no definite reactions towards the consumer and housing data, with traders showcasing very minute post-Christmas liquidity. And in spite of the overall slash in confidence, Troy Davig, senior U.S economist situated at Barclays Capital in New York, remarked that confidence grew for individuals receiving more than $50,000, which most likely highlights the tax extension package.
And the tax deal has fired optimism regarding the process of recovery, with economist predicting it to raise growth next year by as much as 1 percentage point. The economy is also receiving monetary help from the Federal Reserve’s economic easing measures which is buying $600 billion worth in government debts.
Another separate report on Tuesday also revealed that U.S single family home costs dropped for a fourth straight month in October, forced by a supply intuition, foreclosures of homes, and rising rates of unemployment. The S&P/ Case Shiller combined index of 20 metropolitan areas dropped by 1 percent in October from September over a seasonable adjusted basis.
Holiday sales vigorous:
Some economist also warned against reading too much into one month’s figures and also commented that the unexpected fall in consumer confidence does not indicate a meaningful move in the overall attitude for spending.
U.S retail sales also increased in the week prior to Christmas putting holiday sales right on track to touch the highest end of predictions. And the data that were showcased on Tuesday by the International Council of Shopping Centers and Goldman Sachs revealed that the nation’s retail sales increased by 4.8 percent for the week closing on December 25 as compared to the previous year. And an air of positive attitude has developed after the current unemployment claims, durable commodities, and consumer spending indicating the economy rose up by a small degree in the fourth quarter and seems to be flowing into the New Year with a decent speed.
3…2…1 HAPPY PROFITS, or something like that.
Ladies and Gentlemen please feast your eyes on THMO my latest hot stock alert.
Today your Papa is eyeing TMHO (Talisman holdings) which could be bearing a mighty tasty bushel of potential profits! Organically grown too! While some, “purists” may argue that fish based fertilizer is frankenfood, and that it’s not vegan, I tell them to go enjoy their apples and tomatoes full of worm holes. What are THEY using for fertilizer and natural pest resistance? Their own poop? Well, I can see why the worms wouldn’t eat things grown in vegan poop, would you?
I kid, I kid vegans. I will say that I think TMHO‘s brand and method of AOP Organic Fish Fertilizer will allow more abundance of products to those that seek the robust flavors and the health benefits of non chemically grown fruits and veggies.
Before I jump into more sexy details about TMHO let me sassify you technical geeks out there too.
TMHO has had a hard time working through the .075 and .08 levels in the past. If these levels are broken then the grand daddy 200 MA line stands tall at .125!! Talk about “POTENTIAL!”
Good morning roaches,
It’s 2 am so I am going to make this quick but Infinix Corporation (INIX) looks like an intriguing bottom picking play. Shares closed today at .0008 a share with a strong basing formation and charts indicate that INIX tends moves with some conviction to the upside traditionally as it bases.
Lets end this year with a bang folks. 2010 is winding to a close but creating some positive gains to blow it all new years night seems like a smart move am-i-rite? We could easily see a move up to the 50 day moving average around .0012, but if we can break that on strong volume, a move up to .0019 is not unrealistic. Continue reading»
C’mon guys….Give Papa some respect here. Once again I delivered a SUPER EASY winner for you all to feast on. This time to the tune of over 40%.
If you missed it I want you to stop what you’re doing and go ask your nearest co-worker to slap you right in the face. Just kidding, I am sure you feel bad enough right now when you go back and take a look at the stock chart from my pick today. That was just too easy.
Now on to tomorrow….
I’ve got one more present in my roachy bag of goodies for you this year.
If you like a tiny stock with a real product and organic growth, you’re going to love this one.
This fairly low floater is taking not only the U.S., but the world by storm with their proprietary product, that might not only keep the food flowing, but the profits as well!
So if making money is something you enjoy the be sure to open your inbox Wednesday morning at the opening bell or for you savy investors just open our StockRoach.com homepage instantly at 9:30am EST to get all the inside scoop!
Let’s end the year with a BANG!
India is very hopeful to reach to a conclusion regarding a free trade deal with the European Union in the first half of 2011, if not earlier, and both the ends are just summing up the finishing touches as said by the trade minister Anand Sharma of Friday. India and its biggest trade partner had expected to arrive to a conclusion regarding a deal by October 2010 but there were divisions over matters such as market access and the EU’s action to conclude a deal to India’s performance on the environment and child labor. Brussels is also of the opinion that the pact could open up new windows of export opportunities worth $9 billion for Asia’s third largest growing economies which is India.
Sharma also notified the reporters that the deal was just waiting for the final touch ups and that an arrangement would be made expectantly during the first half, if not before that period, in the year 2011. He further commented that he remains positive that it shall be reached within Easter. Sharma also told that India and the European Union bloc had also reached a level of understanding on a long going conflict regarding the confiscations of Indian generic drugs in the European nation.
The case dates way back to the time when there was an instance of confiscation by Dutch customs in December 2008 relating to a blood pressure drug during a transfer from India to Brazil. The row uprooted the intellectual property rights of drug manufacturers against access to cheaper drugs. Aid activists had remarked that the case was an illustration of a more hostile stand by patent right holders which could result in reducing the supply of cheap medicines to developing nations.
Indian trade officials undertook the initial steps of a trade conflict at the World Trade Organization this present year and also have kept their right aside to raise the case even while they were working towards reaching an effective answer with their European counterparts.
The minister also raised India’s anxiety over meeting a trade deficit with its fellow partner China and also remarked that he expected to develop a mechanism to provide the Indian companies a greater scope of market access to the Chinese market.
I hope that you have all enjoyed your gifts and feasting over the Holidays.
Papa is now bringing you a late Holiday gift in CABN!
Maybe you’ll even be able to pay off those credit card debts from buying all those new gaming consoles, games, clothing, socks, gift cards and the ever present fruitcake baskets.
CABN (Carbon Sciences) has taken an year long beating and I personally smell a possible uptrend from its low of the mid .04s range.
CABN has been beaten down so hard that it has practically has no choice but to get up and fight back. (Cue the Rocky music).
Let’s end this year with a BANG my fellow bottom feeders. Speaking of bouncers, this alert is so oversold and ready to bounce that it might as well be a company selling trampolines!
I know that us roaches were ready to take a few days off, but this stock is so chock full of roachy goodness that we had to put down the eggnog and bring you what could be a belated Christmas gift.
I mean come on, you should know us by now. We never take a day off, especially when there are potential profits to be made.
So while you all are enjoying your Christmas feasts, we have been feasting our eyes on the next big winner which will be posted here immediately at 9:30amEST tomorrow, so be sure to check back then.
Core ministers of the Organization of Petroleum Exporting Countries remarked on Friday that they found no requirement to supply the world with additional crude as oil prices traded near a two year high and some consumers also feared a rally above $100 per barrel would trigger inflation. OPEC’s most renowned oil minister, Saudi Arabia’s Ali Al Naimi commented he was still satisfied with a figure of $70-80 per barrel.
US crude closed at above $91 per barrel on Thursday and Brent closed 48 cents lower at $93.46 on Friday after soaring high at $94.74, its tallest mark since October 2008. Arab’s OPEC ministers are all gathering up at Cairo this weekend where they are anticipated to deliberate over oil production and costs but however no final decision shall be concluded. UAE minister of energy, Mohammed Bin Dha’en Al Hameli remarked that he wanted OPEC to abide better with output slashes, the group had decided in the late 2008, and further added that the present costs did not showcase the basics. That also struck with OPEC’s stand that oil demand remains feeble and speculators are to hold responsible for the rally.
Oil’s more than 30 percent jump from this year’s lowest marks in May has renewed concerns that prices could yet again harm economic development in the fuel importing nations. South Korea’s Finance Minister cautioned on Friday that the world’s fifth biggest purchaser of crude oil could be exposed to inflationary pressures in the coming year. And in India, the government is most likely to finalize this week whether to pump state set fuel costs to ease the domestic oil retailers. And China, the second largest fuel consumer pumped its fuel and gasoline prices to record highs on Wednesday as it aimed to boost refiners to increase their supplies to meet the growing demand.
The government also told that it would ban transport companies passing the increase over to the public. But increasing commodity prices helped to raise Chinese consumer inflation to a 28-month high in November. But however the economist predict the inflationary effect from rising oil costs to be feeble than earlier in emerging nations due to rising consumer demand and development.
Worldwide demand has been restored after two years of downfall, with the International Energy Agency presently predicting that the world increased consumption by 3.3 million barrels a day in its third quarter to 88.6 million barrels per day. However stocks still remain easy. And the US’s 340.7 million barrels of crude inventories are also standing well beyond the average for this particular time of year.