Wall Street Week Ahead: Undervalued euro shares a hurdle for U.S. stocks

After Wall Street’s biggest weekly decline since June and the worst week this year for the Dow average, investors will be searching for a rebound. But the best gains may not be at home as investors take notice of an improved outlook in Europe.

Fund managers have started to shift to euro-zone equities after a series of economic indicators showed the region finally emerging from recession.

The region outperformed U.S. stocks in recent weeks, ending 0.2 percent higher this week while Wall Street underwent a 2 percent loss. For the month so far, the total return of euro-zone equities is around 1.9 percent compared to a 1.8 percent loss on the S&P 500.

The difference might also point to which parts of the U.S. market are likely to perform well after a long run by companies that do the lion’s share of their selling within America’s borders.

“The increase in volatility and uncertainty we’ve seen throughout the euro zone is finally coming to an end,” said Diane Garnick, chief executive of Clear Alternatives, an asset management firm in New York.

Sharp Stands Up – In Court – Against Scam Site AwesomePennyStocks

While honest sites like FalconStocks.com get overlooked by scam sites with huge advertising budgets and outright lies, there are a few of us out there trying to stop scam sites like AwesomePennyStocks (fraud) from fleecing the public.

Last week, George Sharp, responded to the hundreds of emails and telephone calls he has received from wounded investors seeking retribution for losses, by joining his lawsuit as additional plaintiffs. As previously announced, Mr. Sharp has launched litigation (San Diego County Division of California Superior Court Case No. 37-2013-00048310-CU-MC-CTL) for violations of California Business and Professions Codes 17529.5 (Anti-Spam), during a scheme to disseminate spam emails in order to artificially create a marketplace for the stocks of worthless companies at artificially high prices, in what is commonly known as a pump and dump scheme.

Named as defendants in the case are: Degroupa Tenner Morales Media Corp. and Centro Azteca S.A., the current and former publishers of the Awesome Penny Stocks series of newsletters; and, Victory Mark Corp Ltd., the publisher of newsletters Select Penny Stocks, Preferred Penny Stocks and Penny Stock Heroes. Several companies promoted by the newsletters were also identified as defendants, including: Xumanii (XUII); Harbor Island Development Corp (HIDC); Red Giant Entertainment, Inc. (REDG); VuMee, Inc. (VUME); Pub Crawl Holdings, Inc. (PBCW); PacWest Equities, Inc (Pink Sheets:PWEI); Amwest Imaging, Inc. (AMWI); Goff Corporation (GOFF); Swingplane Ventures, Inc. (SWVI); World Moto, Inc. (FARE); Taglikeme Corp (TAGG); and, Pharmagen, Inc (PHRX), which was known as SunPeak Ventures, Inc and traded under the symbol “SNPK”, during that promotion.

In an attempt to stem the tide of inquires he is receiving, Mr. Sharp advises parties interested in seeking reimbursement for losses incurred due to these nefarious schemes, to contact legal counsel, as he is unable to add additional plaintiffs to his litigation.

Mr. Sharp also cautions investors not to invest in penny stocks promoted through email advertisements, as these are almost always devious attempts to separate innocent investors from their savings, by selling worthless near-worthless stock at heavily over-inflated prices. Mr. Sharp suggests exercising careful due diligence by examining company regulatory filings, including financial statements, found at SEC.gov and OTCmarkets.com.

Wall Street Pares Losses

Disappointing earnings results weighed on the stock market in early trading on Thursday, following two steep drops this week.

The market didn’t get any help from economic news early Thursday.

The Labor Department reported that the number of Americans seeking unemployment benefits increased 4,000 last week to 352,000. The slight gain suggests that the sluggish hiring seen in March may not last. Applications are a proxy for layoffs.

Why You Shouldn’t Give Retailers Your ZIP Code

When it comes to paying with plastic at the cash register, you know the drill. A quick swipe, a signature and the contents of your shopping cart are yours. But sometimes the cashier asks for one more thing:

“May I have your ZIP code, please?”

You may think it’s necessary to complete the transaction or it may seem like a harmless piece of information to give out, so you go ahead and reveal it.

Euro, stocks edge higher, investors watching Cyprus

European shares rose after three days of losses on Wednesday with investors optimistic that European policymakers would make sure the crisis in Cyprus did not spread to other countries.

Cypriot leaders were holding talks in Nicosia to avert a financial meltdown after parliament rejected the terms of a European Union bailout while Finance Minister Michael Sarris was trying to secure a last minute loan deal with Russia.

Dow hits fresh record as private hiring picks up

Wall Street resumed its climb into uncharted territory on Wednesday, with the Dow setting another intra-day record as hiring by companies rose strongly last month.

The stock market rally this year has been helped by signs of a strengthening U.S. economy, continued support from the Federal Reserve and fairly attractive equity valuations compared with other assets.

After decent rally, perhaps time for a pause

U.S. stocks could struggle to extend their seven-week winning streak as the quarterly earnings period draws to a close and the market bumps into strong technical resistance.

Many analysts say the market could spend the next few weeks consolidating gains that have lifted the benchmark Standard & Poor’s 500 by 6.6 percent since the start of the year.

The S&P 500 ended 0.1 percent higher for the week, recovering from a late sell-off on Friday after a Bloomberg report about slow February sales at Wal-Mart triggered a slide in the retailer’s shares. It was the index’s seventh week of gains.

Odds of a pullback are increasing, with the market in slightly overbought territory, said Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston.

Knight Cap: Stocks Set to Slingshot Higher

According to Knight Capital managing director Peter Kenny, concerns over Q4 earnings are wildly  overdone. Not only that, he sees stocks moving up to 5% higher from here until the next round of debt ceiling debates start kicking in next month.

Kenny says Q4 earnings will not be as “ugly as many people are projecting.” Given that some of those people are corporate CEOs, the burden of proof for supporting this statement falls to Kenny. His bullish thesis stems from the following:

  • The U.S. hit an earnings trough in the middle or back end of 2012
  • GDP estimates for 2013 are strong
  • There’s still money on the sidelines waiting to be poured into stocks either on dips or to chase stocks higher if that dip never happens

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The Super-Investor You’ve Never Heard of is Buying Again (FalconStocks’ Article)

Falcon's Penny Stocks

The FalconStocks Founders

Excerpt:   While the financial markets hang on Warren Buffett’s every word and traders and arbitrage players follow Carl Icahn religiously, there is one super-investor that is relatively unknown. It is quite astonishing how little known this stock picking guru is considering his most impressive track record over the past dozen years. Our mild mannered and all but invisible investing superhero is Kevin Douglas. Stealthily flying under everyone’s radar, he has garnered one of the most impressive stock picking track records, placing him at the top of our list of gurus to follow.

See what he’s buying and the stocks he’s bought and seen rocket higher in the past.

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Zirin: Equity Markets Still Look Attractive in 2013

Hope springs eternal among most stock strategists and Jeremy Zirin, chief equity strategist at UBS Wealth Management, is no exception. Zirin expects moderate gains in stocks this year and says the market will “continue to grind higher as the economy starts to improve.”

There are increasing signs that the economy is improving. The four-week moving average for initial unemployment claims has fallen to its lowest level since March 2008 and the housing market continues to gain momentum. Home prices and new home sales recently posted their biggest gains in 2.5 years and builder confidence has risen to its highest level in more than 6.5 years.

Zirin forecasts GDP growth of 2% to 2.5% this year. Growth will accelerate as Washington adopts new fiscal policies, says Zirin.

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