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October 30
Marcellus Shale Gas: The Energy Sector's Next Major Profit Play
[Editor's Note: Money Morning newcomer Dr. Kent Moors is one of the world's top energy-sector experts. In an interview with Money Morning earlier this month, Dr. Moors provided readers with a snapshot of what the future holds for energy investors.]
By Kent Moors, Ph.D.
Contributing Editor
Money Morning
With natural gas hovering at about the breakeven point for new field development – and with a glut continuing to weigh down prices in the U.S. market – this would hardly seem to be the place to look for investment opportunities.
During the next six months, however, these circumstances will begin to change. And with those changes will come one of the biggest new opportunities in the U.S. energy sector.
There will be two key factors to this shift...
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Back Your Dollars with Rising Gold - And Watch Both Soar
The government has just approved a way to turn your troubled greenbacks into valuable “Gold Dollars” backed by pure, 24-karate gold. You can use them just as you would regular money… and the best part is: As the price of gold continues to climb - the value of your “Gold Dollars” rises too.
As you'll see in the attached report, making this switch could not only protect your savings against a dollar downturn; it could automatically double your money over the next 6-9 months.
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With "Buy" and "Sell" Calls on Brazil ETF, Money Morning's Marquez Catches a 148% Move
Money Morning Staff Reports
Among the many adages that longtime investors are probably familiar with is one that counsels “you'll never buy at the very bottom and will never sell at the very top.”
But with his recent market calls on the iShares MSCI Brazil Index Exchange-Traded Fund (NYSE: EWZ) in his “Buy, Sell or Hold” column, Money Morning Contributing Editor Horacio Marquez may have done just that.
Back on Oct. 27, 2008, Marquez told readers of his popular "Buy, Sell or Hold" column that the iShares MSCI Brazil Index ETF was a "Buy." At the time, the ETF that's designed to reflect Brazil's overall stock market was trading at $29.94 a share.
But that's not all...
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Investment News Briefs With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.
U.S. Markets Gain Most in Three Months on GDP Report; Weekly Jobless Claims Fall, But Less Than Expected; Obama Administration Promotes Housing Tax Credit Extension; Exxon Profit Drops 68%; Motorola Returns to Profitability; Price Cuts Help P&G's Third Quarter; Sprint Posts Wider Loss, But Slows Subscriber Exodus; Slowing Wii Sales Hurt Nintendo's Profit - News that the U.S. economy grew 3.5% propelled all three major markets yesterday (Thursday) to their biggest gain in three months. The Dow Jones Industrial Average gained 199.89 points or 2.05% to close at 9,962.58, the Nasdaq Composite Index was up 37.94 points or 1.84% to close at 2,097.55, while the Standard & Poor's 500 Index gained the most, rising 23.48 points or 2.25% to end at 1,066.11.
- The number of new jobless insurance claims fell less than expected last week, dropping by 1,000 to a seasonally adjusted rate of 530,000 for the week ended Oct. 24, the Labor Department said. Analysts polled by Thomson Reuters Corp. (NYSE: TRI) were expecting a drop of 10,000 to 521,000. The four-week moving average dropped for the eighth consecutive week to 526,250, indicating that companies are laying off fewer workers. The drop suggests "people are returning to work rather than shifting" from regular state benefits to emergency benefits, Nomura Securities economist Zach Pandl wrote in a note to clients.
- The Obama administration endorsed legislators' plans to extend the $8,000 tax credit for first-time homebuyers. The credit has “brought new families into the housing market and contributed to three consecutive months of rising home prices,” U.S. Treasury Secretary Timothy Geithner said. Both Democrats and Republicans in Congress generally agree the credit should be extended, but differ on what form an extension should take.
- The decline from last year's record-high energy prices lead to Exxon Mobil Corp.'s (NYSE: XOM) profit falling 68% to $4.73 billion, or 98 cents per share in the third quarter. The results were Exxon's best of the year, but still less than one-third of what it reported in the same period last year, after oil prices peaked at $147 per barrel. The company expects its production levels to be in line with 2008's, even after a decline in global demand for oil.
- Motorola Inc.'s (NYSE: MOT) return to profitability came sooner than expected, as the communications bellwether earned $12 million, or 1 cent per share in the third quarter, compared to a net loss of $397 million, or 18 cents per share in the same period a year ago. Thomson Reuters Corp. (NYSE: TRI) analysts were expecting earnings to be flat. Motorola gave an upbeat outlook, saying it will earn between seven cents and nine cents per share for the current quarter in which it is launching two smartphones that use Google Inc.'s (Nasdaq: GOOG) Android operating system. Shares of Motorola gained 9.80% to close at $8.74 in trading yesterday (Thursday).
- Consumers are responding to price cuts by The Procter & Gamble Co. (NYSE: PG), which reported a profit of $3.35 billion, or $1.06 per share in the third quarter, compared to $3.31 billion, or $1.03 per share in the same quarter last year. This was the first quarter under new Chief Executive Officer Bob McDonald, who took aggressive steps to win back market share from lower-priced competitors and store brands, cutting prices across 10% of its broad catalog and increasing advertising focused on offering value. “What we're about is growth, and we're focused on growth,” McDonald told investors on a conference call. Shares of P&G gained 4.04% in trading yesterday to close at $59.54.
- Sprint Nextel Corp. (NYSE: S) chipped away at its hemorrhaging subscriber losses, but still posted a wider third quarter loss of $478 million, or 17 cents per share, compared to a loss of $326 million, or 11 cents per share in the same period last year. The company said it lost 801,000 wireless subscribers, down from 1.25 million and 991,000 subscribers in the first and second quarters respectively. “They still have an extremely long way to turn around the business and generate positive post-paid subscriber growth,” Soleil/Nelson Alpha Research analyst Michael Nelson told Reuters. “Clearly, a loss of 800,000 a quarter isn't going to cut it, but it does show some sign of improvement and says they are at least heading in the right direction.” AT&T Inc. (NYSE: T) added 2 million subscribers and Verizon Communications Inc. ( NYSE: VZ) gained 1.2 million subscribers in the last quarter.
- Nintendo Co. Ltd. (OTC ADR: NTDOY) saw its profit plunge 52% after a saturated market caused sales of its popular Wii console to lose momentum. The Japanese video game giant saw its net income fall to 69.49 billion yen ($772 million), trailing its own outlook in May for a profit of 100 billion yen. Its fiscal first-half sales fell 34.5% to 548.01 billion yen. KBC Securities Japan director Hiroshi Kamide said Nintendo would have to introduce a new console, perhaps handheld, to spur its next stage of growth. “It's just not realistic for them to repeat what they did last year,” Kamide told The Associated Press.
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Get Immediate Cash to Bankroll Your Retirement Ever since the yield curve reversed last September, investors are getting more cash paid to them than in the last 50 years. If you're not collecting significant cash on a quarterly or monthly basis, you're losing out. And this is just the first of three simple steps you can make right now to increase your wealth by more than 5 times. Discover more about this step, plus the other two, in the attached report.
What is 'the third element'?
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U.S. Economic Growth Surprises in the Third Quarter
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Galleon Paid Bankers Hundreds of Millions for Information
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Ford Inches Closer to Volvo Sale, Profitability
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This One Mistake Could Ruin Your Retirement
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October 27
| Home Price Index (08/09) |
| Consumer Confidence (10/09) | | October 28 | Durable Goods Orders (09/09) |
| New Home Sales (09/09) | | October 29 | U.S. GDP (Q3) |
| Initial Jobless Claims (10/24) | October 30 | Personal Income and Outlays (09/09) | | | Consumer Spending (09/09) | | Consumer Sentiment (10/09) | Worth Considering
This Market Disconnect May Not Last Much Longer
Buy, Sell, or Hold?
by Horacio Márquez
Insights on Income
by Martin Hutchinson
Inside Wall Street?
by Shah Gilani
When and How the U.S. Economy Will Recover
Three Big Reasons Oil Prices Will Rally Back Big Time
Alternative Energy
Asia
Commodities
Europe
Global Markets
Gold/Precious Metals
Oil
Real Estate
Technology
U.S. Economy
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