MarketClub TV: Clash of the Titans

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 6th of February.

CLASH OF THE TITANS
I know it sounds like a cheap B movie title, but the reality is this is a very real clash between Rupert Murdoch with his powerful NEWS Corp holdings and John Malone with his equally powerful Liberty Media Empire.

Today Liberty Media announced that it had purchased Virgin Media in the UK for a deal valued around $16 billion dollars.

Sir Richard Branson, who is a part owner of Virgin Media, walked away with a cool $316 million in his pocket after handing over his shares. Nice work if you can get it. Today we will be looking at both Liberty Media Corp (LMCA), and News Corp (NWSA) to see which is the best bet in media. Continue reading "MarketClub TV: Clash of the Titans" →

Stocks flat as earnings fail to inspire investors

Posted on by The INO.com Team

Stocks were flat on Wall Street as the latest round of earnings reports failed to give investors an impetus to push the market's recent rally forward.

The Dow Jones industrial average fell 7 points to 13,973 as of 11:51 a.m. EST Wednesday. The Standard & Poor's 500 dropped one point to 1,511. The Nasdaq composite was flat at 3,171.63.

Time Warner rose $2.20 to $52.16 after the company said its net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged. Marathon Oil Corp. fell 46 cents to $34.26 after its fourth-quarter net income fell 41 percent on higher exploration costs and taxes. Continue reading "Stocks flat as earnings fail to inspire investors" →

Kevin Puil: $4/lb Copper Is on Its Way

Posted on by admin

The Metals Report: Kevin, base metals analysts from London to Sydney to Toronto are increasing their price outlook for copper. Do you agree with their bullish outlook for 2013?

Kevin Puil: Yes, I absolutely agree with their bullish outlook. In fact, I've been bullish on copper for quite some time. Although there have been many analysts purporting that the commodities cycle has run its course, I disagree. The fundamentals for copper remain highly favorable and I continue to see secular demand for most commodities, copper in particular. Industrialization and urbanization, especially in the BRIC (Brazil, Russia, India, China) countries, is not about to stop, and this continues to put pressure on copper miners, who struggle to keep up with demand. Supply growth has slowed due to lower grades, higher costs and political unrest. In addition, the new projects and mine expansions that were scheduled to come on-line haven't materialized, and if they do, it will not be in a timely fashion. Continue reading "Kevin Puil: $4/lb Copper Is on Its Way" →

Today's Video Newsletter: Michael Dell goes private and China catches gold fever

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 5th of February.

Dell Goes Private for $24.4 Billion
Going from a public company to a private company allows for many advantages that perhaps Michael Dell thinks he needs in today's ultra competitive smart tablet/phone world.

Michael Dell has sunk all his shares into his new private company and then added another $700 million to get the deal done. Dell, as an individual, has put the most skin into the game to go private. Other investors, like Microsoft, will be investing $2 billion and Silver Lake partners will put up $1 billion. The rest of the financing, over $15 billion is coming from banks. Dell stockholders will receive $13.65 in cash for shares of common stock. So it would appear that DELL has come full circle, private, public, and now private again. If DELL survives, will we see them again offer shares to the public? Continue reading "Today's Video Newsletter: Michael Dell goes private and China catches gold fever" →