Wednesday, August 14, 2013

Jarden Corp (NYSE: JAH)

Jarden Corporation manufactures, markets, and distributes consumer products in the Unites States and internationally. The Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating equipment; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gear; and inflatable air beds and accessories. The Consumer Solutions segment provides home vacuum packaging machines, scales, coffeemakers and other beverage products, small appliances and personal care products, and specialty kitchen and home environment products under the Bionaire, Breville, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Patton, Rival, Seal-a-Meal, Sunbeam, VillaWare, White Mountain brands. The Branded Consumables segment offers home canning jars and accessories; playing cards and accessories; firelogs and firestarters; cord, rope, and twine; storage organizers and workshop accessories; and doors and fencing, as well as home safety, baby care, home care, health care, and arts and crafts products.
Please take a look at the 1-year chart of JAH (Jarden Corporation) below with my added notations:
1-year chart of JAH (Jarden Corporation) JAH has a current level of resistance at $46 (red). The stock also has a common lower level at $44 (blue) that has previously acted as support and resistance. Below those levels you can see that $42 (teal) had been a key area of support. So, in addition to showing clear levels of support/resistance, JAH is also showing you that it tends to react to each $2 increment.
The Tale of the Tape: JAH is currently trading between its $44 and $46 levels. A long position could be entered at $44 or on a break above $46 with a stop placed below the level of entry. If JAH breaks below $44, another long play could be made at $42.
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Seven Stages Of Empire - Mike Maloney ~ Silver & Gold - Hidden Secrets Of Money

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Maxwell Technologies (Nasdaq: MXWL) is Headed Much Higher

One of the chief problems with many forms of alternative energy is consistency.

Wind turbines, for example, can experience wide variations in availability. The same is true for solar and tidal.

In some instances, availability can dip too low, forcing a disconnect from the grid.

However, there’s a company out there that may have solved that problem — and more.

I’m talking about Maxwell Technologies (Nasdaq: MXWL), a leading manufacturer of ultracapacitors (UCs) — a bourgeoning new technology that increases energy efficiency.  (more)

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Saudi prince defects: 'Brutality, oppression as govt scared of Arab revolts'

Saudi Arabia, a major supporter of opposition forces in Syria, has increased crackdown on its own dissenters, with 30,000 activists reportedly in jail. In an exclusive interview to RT a Saudi prince defector explained what the monarchy fears most.

Saudi Arabia has stepped up arrests and trials of peaceful dissidents, and responded with force to demonstrations by citizens,” Human Rights Watch begins the country’s profile on its website. 

Political parties are banned in Saudi Arabia and human rights groups willing to function legally have to go no further than investigating things like corruption or inadequate services. Campaigning for political freedoms is outlawed.

One of such groups, which failed to get its license from the government, the Saudi Civil and Political Rights Association (ACPRA), was cited by AFP as saying the kingdom was holding around 30,000 political prisoners.  (more)

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FleetCor Technologies, Inc. (NYSE: FLT)

FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Latin America, and Europe. It sells a range of customized fleet and lodging payment programs; and offers various card products to purchase fuel, lodging, and related products and services at participating locations. The company also offers equipment that reduces unauthorized and fraudulent transactions to over-the-road trucking fleets, shipping fleets, and other operators of heavily industrialized equipment, including sea-going vessels, mining equipment, agricultural equipment, and locomotives. The company owns and operates proprietary closed-loop networks through which it electronically connects to merchants, and captures, analyzes, and reports customized information. In addition, FleetCor Technologies, Inc. uses third-party networks to deliver its payment programs and services; and provides a range of services, such as issuing and processing, as well as specialized information services.
Please take a look at the 1-year chart of FLT (FleetCor Technologies, Inc.) below with my added notations:
1-year chart of FLT (FleetCor Technologies, Inc.) FLT has a very important price level at $80 (navy) that has been acting as support for the last (3) months. The stock also has a level of resistance that seems to be forming at $90 (red). Prior to the $80 and $90, FLT had reacted to $70 (green) back in February March and April. So, in addition to showing a clear level of support and resistance, FLT is also demonstrating that it tends to react to each $10 increment.
The Tale of the Tape: FLT is currently trading between its $80 and $90 levels. A long position could be entered at $80 or on a break above $90 with a stop placed below the level of entry. If FLT breaks below $80, another long play could be made at $70. If you are looking for a short trade instead, a break below $80 would provide you with that opportunity.
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The number of U.S. taxpayers renouncing citizenship or permanent-resident status surged to a record high in the second quarter, as new laws aimed at cracking down on overseas assets increase the cost of complying and the risk of a taxpayer misstep.

A total of 1,130 names appeared on the latest list of renunciations from the Internal Revenue Service, according to Andrew Mitchel, a tax lawyer in Centerbrook, Conn., who tracks the data. That is far above the previous high of 679, set in the first quarter, and more than were reported in all of 2012.

Taxpayers aren't required to explain the move, but experts said the recent rise is likely due to tougher laws and enforcement.

"The IRS crackdown on U.S. taxpayers living abroad seems to be having an effect," said Mr. Mitchel.

The IRS declined comment.

Lags in reporting renunciations might mean that many who appeared on the current list made the move months earlier. Taxpayers who renounced can be subject to an exit tax, and people who renounced last year may have avoided higher taxes on capital gains and income that went into effect in 2013.

The U.S. is rare in that all income earned by citizens and permanent residents, even those living abroad, can be subject to U.S. tax, according to Bryan Skarlatos, a New York lawyer. The U.S. also confers citizenship on people who are born on American soil.

The U.S. launched the tax crackdown after the terrorist attacks of Sept. 11, 2001, and ratcheted up its efforts after 2009, amid evidence that UBS AG UBSN.VX +0.53% and other foreign institutions helped U.S. taxpayers hide assets.

Some taxpayers have applied for IRS limited-amnesty programs, in which they pay stiff penalties for past noncompliance but avoid prosecution.

Tax lawyers say the crackdown has ensnared smaller violators who weren't intentionally evading U.S. taxes.

In addition, a law enacted in 2010, the Foreign Account Tax Compliance Act, or Fatca, requires foreign financial institutions to certify they aren't hiding U.S. taxpayer assets, which lawyers say is leading some to reject U.S. customers.

Taxpayer penalties for failing to report assets can be severe, including up to 50% of an account balance for each year.
american "u.s. citizenship" u.s. "united states" law foreign foreigner americans renounce "renounce citizenship" trends overseas tax taxes
The web of rules is "overly burdensome," said Jeffrey Neiman, a former federal prosecutor who led the 2009 UBS case, which resulted in the bank's agreeing to a $780 million settlement. He now is a lawyer in private practice in Fort Lauderdale, Fla. "You basically find yourself in this continuous nightmare."

The cost of complying with various rules and regulations can be steep even for people with small tax bills.

Carol Tapanila, who moved to Canada more than 40 years ago and is now retired, renounced her citizenship in November and appeared on the current list. She says her U.S. taxes amounted to about $250 last year and she didn't take the step to avoid paying them.

Legal and accounting fees and other costs of making sure she was in compliance in recent years have added up to nearly $40,000, says Ms. Tapanila. "It is nothing but stress."

Expatriation can also be costly, requiring that taxpayers prove they have properly paid five years' taxes, among other things. 
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