Monday, September 16, 2013

Deckers Outdoor Corp (NASDAQ: DECK)

Deckers Outdoor Corporation engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children in the United States and internationally. It operates through UGG, Teva, Sanuk, Other Brands, eCommerce, and Retail Stores segments. The company offers luxurious comfort footwear, handbags, apparel, and cold weather accessories under the UGG brand name; open and closed-toe outdoor lifestyle footwear, light hiking shoes, freeride mountain bike shoes, amphibious footwear, and rugged outdoor cross training shoes, as well as multi sport shoes under the Teva brand name; and action sport footwear under the Sanuk brand name. It also offers high end casual footwear under the TSUBO brand name; outdoor performance and lifestyle footwear under the Ahnu brand name; and work footwear under the MOZO brand name, as well as running footwear under the Hoka One One brand name. The company sells its products primarily to specialty retailers, department stores, outdoor retailers, sporting goods retailers, shoe stores, and online retailers.
To review Decker's stock, please take a look at the 1-year chart of DECK (Decker's Outdoor Corporation) below with my added notations:
1-year chart of DECK (Decker’s Outdoor Corporation)1-year chart of DECK (Decker’s Outdoor Corporation) Decker's stock has been stuck within the same $50 to $60 area since April. In addition, during that time DECK has created a strong resistance at $60 (blue) and the stock has tried to push through that resistance several times. A break through that $60 resistance would also be a new 52-week high for the stock and should mean higher prices moving forward.
The Tale of the Tape: DECK has a 52-week high resistance at $60. A long trade could be entered on a break through that level with a stop placed under it.
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Strategic Hotels & Resorts (NYSE: BEE): A Way To Own Luxury Hotels... With 60% Upside

It's not often that a company's management tells you the company is grossly undervalued and it's looking to sell itself, effectively giving investors a chance to jump into the stock before it takes off.

This is a form of pre-emptive merger-arbitrage investing. However, when a company has retained an investment bank to help with the sale, it's even less speculative than the usual merger-arb investing.
This potential buyout opportunity gets even better when the stock also has downside protection, where the company is trading below replacement cost.

Well, that's exactly the case with Strategic Hotels & Resorts (NYSE: BEE), the only publicly traded real estate investment trust (REIT) that focuses exclusively on the luxury hotel and resort markets. (more)

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5 Reasons Most Investors Fail

I've been actively investing money into the market now for the past 15 years. Over that time I've morphed through a number of investing styles -- day-trading, trading based on technical analysis, long-term investing, and in the late 1990s even throwing darts. If I've learned anything over these years, it's that investing in businesses and ideas, not a stock ticker, is where the big gains are to be had.

So you can imagine how quickly my jaw dropped to the floor when I revisited a study conducted by Prudential Financial in June 2011 that surveyed 1,000 people and asked them two simple questions: Do you still believe in investing, or have you lost faith in the stock market; and when are you likely to put more money into the stock market (within a year, over a year from now, or never). The answers to these questions are an absolute head-banger!
What is your current perception of the stock market? (more)
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Gold Advances as Dollar Tumbles After Summers Fed Withdrawal

Gold gained as the dollar dropped to the lowest level in a month after Lawrence Summers withdrew from consideration as the next Federal Reserve chairman before the central bank meets this week to decide on stimulus. Silver rallied from its worst week since June.

Bullion for immediate delivery climbed as much as 0.8 percent to $1,336.40 an ounce and traded at $1,329.38 by 8:19 a.m. in Singapore. Prices dropped 4.7 percent last week, the biggest decline since the period ended June 28. Gold for December delivery rose 1.6 percent to $1,329.70 an ounce on the Comex in New York, rallying from a 5.6 percent loss last week.  (more)

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Nuance Communications Inc. (NASDAQ: NUAN)

Please take a look at the 1-year chart of NUAN (Nuance Communciations, Inc.) below with my added notations:
1-year chart of NUAN (Nuance Communciations, Inc.) NUAN has been holding a very important level of support of $18 (blue) since February of this year. No matter what the market has or has not done since then, the stock has held that $18 level. NUAN is approaching $18 again and that should provide another bounce higher, but if the overall market sells-off, NUAN could break that support.
The Tale of the Tape: NUAN has a very strong level of support at $18. A trader could enter a long position at $18 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
8:30 am Empire state index Sept   9.4 8.2
9:15 am Industrial production Aug.   0.4% 0.0%
9:15 am Capacity utilization Aug.   77.8% 77.6%
8:30 am Consumer price index Aug.   0.2% 0.2%
8:30 am Core CPI Aug.   0.1% 0.2%
10 am Home builders' index Sept.   59 59
8:30 am Housing starts Aug.   913,000 896,000
8:30 am Buiilding permits Aug.   945,000 954,000
8:30 am Current account Q2   -- -$106 bln
2 pm FOMC statement & projections        
2:30 am Bernanke press conference        
8:30 am Weekly jobless claims 9/14
10 am Existing home sales Aug.   5.30 5.39 mln
10 am Philly Fed Sept.   11.8 9.3
10 am Leading indicators Aug.   0.4% 0.6%
12 noon Financial accounts Q2      
FRIDAY, Sept. 20
  None scheduled    
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