Friday, July 20, 2012

Newell Rubbermaid Inc. (NYSE: NWL)

Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products. It operates in three segments: Home & Family, Office Products, and Tools, Hardware & Commercial Products. The Home & Family segment offers indoor/outdoor organization, food storage, and home storage products; infant and juvenile products, such as car seats, strollers, highchairs, and playards; drapery hardware, window treatments, and cabinet hardware; gourmet cookware, bakeware, cutlery, and small kitchen electrics; and hair care accessories and grooming products to mass merchants, specialty stores, and grocery/drug and department stores. The Office Products segment provides writing instruments, including pens, pencils, markers and highlighters, and art products. The Tools, Hardware & Commercial Products segment offers industrial band saw blades and cutting tools for pipes and HVAC systems; hand tools and power tool accessories; manual paint applicators, window hardware, and convenience hardware.

To review Newell's stock, please take a look at the 1-year chart of NWL (Newell Rubbermaid, Inc.) below with my added notations:

After rallying higher from October until February, NWL has been chopping up an down within a long Rectangle over the last (5) months. A Rectangle pattern forms when a stock gets stuck bouncing between a horizontal support and resistance. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. For NWL, the Rectangle pattern has formed a $19 resistance (red) and a $17 support area (navy).

The Tale of the Tape: NWL has formed a common Rectangle pattern. The possible long positions on NWL would be either on a pullback to $17, or on a breakout above $19. The ideal short opportunity would be on a break below $17.

Matt Taibbi: The Libor Scandal is The Biggest Insider Trading Ever

Matt Taibbi the Rolling Stone reporter who coined the term "Vampire Squid" in reference to the infamous investment bank Goldman Sachs breaks down how LIBOR rates were illegally rigged by big banks, and what the consequences to the public are for this criminal behavior.

Matt Taibbi talks about The Libor Scandal saying that it is The Biggest Financial Scam In World History . Some of you by now have probably heard that the former CEO of Britain's Barclay's Bank resigned over the LIBOR scandal, and has accused the bank -along with others -- of "fixing" interest rates. LIBOR is simply an acronym for London Inter-Bank Offered Rate, the rate at which banks extend credit to each other, similar in effect to the Federal Reserve's rate. This is the Biggest Financial Scam In World History , the largest banking corruption scandal in history.Yet nobody is freaking about LIBOR in America, while JP Morgan caught doing an Enron on US energy markets and GlaxoSmithKline pays 10% of their ill-gotten gains for bribing doctors and scientists across America These large banks have stolen money from every single human on the planet They operate like thieves. They don't produce anything, they manipulate money and now they risk very little because the tax payer bails them out.... it's an awful system.

Michael Krieger – There’s Something Big Headed Straight For Us


Michael Krieger of Liberty BlitzKrieg and frequent ZeroHedge contributor joined us for a deep and often intense interview. The efforts to make the Western World a cashless society is merely aimed at giving the money printers more control over your life. The monetary metals suppression scheme has kicked into high gear, leading both Michael and myself to conclude that there are big events planned, just over the horizon. Trying to see and identify these trends is what both of us spend an inordinate amount of time and energy doing. While it is often not a productive use, sometimes you see things that the elitists would prefer you didn’t. And this global event, we’re not yet sure what it is, is going to be major. Somehow, while being a life altering event, it’s designed to keep the elitists in power behind the curtain. You have to realize that even though most of us focus on the economy, the elitist power structure touches all phases of your life, what you eat, where you live, what you drive, what shows you watch on television. Their power to influence and even control numerous aspects of society is hanging in the balance. This is why ZeroHedge is a must read for me everyday.


AT&T Is a Resounding Buy Traders and investors should jump on T after triple-top break

AT&T (NYSE:T) — This is one of the most recognized brand names in the world, and the company is expected to see gains in consumer wireless and broadband services.

Its strong balance sheet, long-term customer relationships and expanding profit margins should result in an increase in the P/E multiple of the stock, along with an increase in earnings. Analysts estimate that AT&T will earn $2.37 in 2012 and $2.54 in 2013.

Technically the stock broke from a double-top in April, and tracked its 20-day and 50-day moving averages to a triple-top break Wednesday, closing at over $36.

The trading target for T is $40, but investors should buy now for long-term appreciation. The stock has a dividend yield of almost 5%.

Trade of the Day – AT&T (NYSE:T)

UBS: The Risk Of Hyperinflation Is Largest In The US And The UK

To be clear, UBS does not think hyperinflation is imminent. They estimate that there is less than a 10 percent chance over the next 12 months.

But according to a new report by UBS's Caesar Lack, the risk of hyperinflation is greatest in the U.S. and the U.K.

"Although we see a very small chance of hyperinflation in the near future, the risk should not be neglected, particularly given the ongoing unsustainable global fiscal and monetary expansion," writes Lack. (more)

Can Gold’s Luster be Restored this Summer? / By Clif Droke / July 19, 2012

The summer has been a dizzying one for commodities. The last four weeks have witnessed the price of corn soaring toward an all-time high due to withering heat in the Corn Belt states. At the same time, this weather-driven bull market in the grain market, as well as the recent oil price rally, has left investors wondering if this summer might finally be gold’s time to shine.

In the same period that the CRB Commodity Index has rallied off a 52-week low, the price of gold hasn’t made much headway at all. Gold remains stuck in neutral as both professional and retail traders have shown little inclination to bid up prices. The high frequency speculative crowd had its wings clipped last summer when CME Group initiated a series of margin requirement increases. Since then the momentum crowd has been conspicuously absent from the gold arena.

Small retail investors have also been missing in recent months. Gold purchases have fallen to levels not seen since before the 2008 financial crisis according to figures released by the world’s major mints. According to the U.S. Mint, second quarter sales of American Eagle gold coins fell more than 50 percent from the year-ago period to 127,500 ounces. This was the worst three months since the second quarter of 2008, just prior to the worst part of the global credit crisis.


Chart of the Day - American Water Works (AWK)

The "Chart of the Day" is American Water Works (AWK), which showed up on Wednesday's Barchart "All-Time High" list. American Water Works on Wednesday posted a new all-time high of $36.00 and closed up +1.10%. TrendSpotter has been long since July 6 at $34.71. On Wednesday, Pennsylvania American Water, the largest water utility in Pennsylvania and a subsidiary of American Water Works, announced a $2.8 million water main extension project in Washington County, PA. American Water Works, with a market cap of $6.2 billion, provides drinking water, wastewater and other water-related services in multiple states and Ontario, Canada. The company's primary business involves the ownership of regulated water and wastewater utilities that provide water and wastewater services to residential, commercial and industrial customers.