Two hours before the final bell on the final day of trading, Citigroup (NYSE: C ) is up 4.7% for the week on reassuring news from the Fed, and despite unsettling news from regulators.
New rules discussed, and old news revisited
On Wednesday the Federal Reserve released the minutes from its June Federal Open Market Committee meeting, when chairman Ben Bernanke laid out a plan for the tapering of quantitative easing. The minutes show that the central bank is not as eager to begin tapering as it first appeared, which has reassured nervous markets.
And on Tuesday the Fed, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation announced proposed new capital requirements and leverage ratios for the nation's banks.
Leverage ratios would increase to 5% for the country's eight biggest bank-holding companies; global regulators now ask for 3%. And all banks would be required to hold twice the amount of capital they now do, as a cushion against runs, soured assets, and all the other things that can go wrong for a bank in times of financial crisis.
Hot Prefered Companies To Watch In Right Now: MEDIWARE Information Systems Inc.(MEDW)
Mediware Information Systems, Inc., together with its subsidiaries, engages in the design, development, and marketing of software solutions targeting specific processes within healthcare institutions. The company offers software systems consisting of company's proprietary application software, and third-party licensed software and hardware. It licenses, implements, and supports clinical and performance management, blood donor, and blood and biologic management products in the United States; and medication management solutions in the United States, the United Kingdom, Ireland, and South Africa. The company?s blood and biologics management solutions include HCLL Transfusion and HCLL Donor, which address blood donor recruitment, blood processing, and transfusion activities for hospitals and medical centers; BloodSafe suite of hardware and software that enable healthcare facilities to store, monitor, distribute, and track blood products; LifeTrak software for blood centers; a nd BiologiCare, a bone, tissue, and cellular product tracking software. Its medication management products comprise WORx, a pharmacy information system to manage inpatient and outpatient pharmacy operations; MediCOE, a physician order entry module; MediMAR, a nurse point-of-care administration and bedside documentation module; MediREC, which assists in achieving compliance with a Joint Commission mandate; and pharmacy management and electronic prescribing systems. The company?s performance management products include InSight software that tracks performance metrics to assist healthcare managers to manage performance. It also provides software installation and maintenance services, as well as billing and collection services to home infusion and home/durable medical equipment markets. The company markets its products primarily through its direct sales force. Mediware Information Systems, Inc. was founded in 1970 and is headquartered in Lenexa, Kansas.
Advisors' Opinion:- [By CRWE]
Mediware Information Systems, Inc. (Nasdaq:MEDW) plans to acquire the assets of Indianapolis-based Strategic Healthcare Group LLC (SHG), a leading provider of blood management consulting, education and informatics solutions.
Hot Prefered Companies To Watch In Right Now: Entropic Communications Inc.(ENTR)
Entropic Communications, Inc., a fabless semiconductor company, designs, develops, and markets systems solutions to enable connected home entertainment. Its products include integrated circuits and related software associated with home networking solutions based on the Multimedia over Coax Alliance standard; direct broadcast satellite (DBS) services; high-speed broadband access; and silicon tuners. The company?s products enable the delivery of various streams of high-definition television-quality video, standard-definition television-quality video, and other multimedia content, such as movies, music, games, and photos into and throughout the connected home. It serves telecommunications carriers, cable operators, and DBS service providers, as well as the providers of over-the-top services. Entropic Communications offers its products through its direct sales force, as well as through a network of sales representatives and distributors worldwide. The company was founded in 20 01 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of Entropic (NASDAQ: ENTR ) got crushed today by as much as 16% after the company reported earnings.
So what: Revenue in the first quarter added up to $74.5 million, which translated into non-GAAP net income of $300,000. That rounds to $0.00 per share, which was in line with consensus forecasts. CEO Patrick Henry acknowledged that 2013 will be a transitional year for the company.
Best Diversified Bank Companies To Invest In Right Now: Baoye Group Co Ltd (BKG)
Baoye Group Company Limited is engaged in the provision of construction service, manufacture and distribution of building materials and development and sale of properties. The Company three segments: construction, which includes provision of construction services; property development, which includes development and sale of properties, and building materials, which includes manufacture and distribution of building materials. Its subsidiaries include Zhejiang Baoye Construction Group Co., Ltd., Zhejiang Baoye Curtain Wall Decoration Co., Ltd., Zhejiang Baoye Infrastructure Construction Co., Ltd., Zhejiang Guangyi Construction and Decoration Co., Ltd., Zhejiang Baoye Real Estate Group Co., Ltd., Shaoxing Baoye Four Seasons Garden Real Estate Co., Ltd., Zhejiang Baoye Building Materials Industrialisation Co., Ltd., Zhejiang Baoye Steel Structure Co., Ltd. and others. During the year ended 31 December 2011, the Company acquired three parcels of new land in Wuhan, Shanghai, and Henan. Advisors' Opinion:- [By Inyoung Hwang]
Berkeley Group Holdings Plc (BKG) surged 8.3 percent after saying first-half profit rose 22 percent. London Stock Exchange Group Plc (LSE) climbed 2.4 percent after Bank of America Corp.�� Merrill Lynch unit recommended buying the stock. Givaudan SA (GIVN) lost 1.3 percent after Nestle SA said it will sell $1.27 billion of shares in the world�� largest flavorings maker.
Hot Prefered Companies To Watch In Right Now: Santa Fe Gold Corp (SFEG)
Santa Fe Gold Corporation (Santa Fe), incorporated in August 1991, is a mining company. As of June 30, 2012, the Company had four projects: its Summit silver-gold and Ortiz gold projects located in New Mexico, and its Black Canyon mica and Planet micaceous iron oxide projects located in Arizona. The Company has constructed a mill and are developing an underground mine at its Summit silver-gold project. Santa Fe�� Summit operations in southwestern New Mexico are conducted through its wholly owned subsidiary, The Lordsburg Mining Company. Its mica operations in Arizona are conducted through its wholly owned subsidiary, Azco Mica Inc. Santa Fe�� activity in Mexico is conducted through its wholly owned subsidiary, Minera Sandia, S.A. de C.V.
Summit Silver-Gold Project
The Summit silver-gold project includes the underground Summit silver-gold mine and related property consisting of 117 acres of patented mining claims and 740 acres of unpatented mining claims in Grant County, southwestern New Mexico, and the Banner mill, including mineral processing equipment consisting of a crushing and screening plant, a ball mill and a 400 ton-per-day flotation plant, and related property consisting of approximately 1,500 acres of wholly owned and leased patented and unpatented mining claims, located approximately 57 miles south of the Summit mine near Lordsburg, Hidalgo County, New Mexico. It owns and operates the Summit project under the Lordsburg Mining Company, a wholly-owned subsidiary. The Summit silver-gold property is located in Grant County, southwestern New Mexico, near the Arizona state line. The Banner mill site lies 57 miles to the south of the Summit property near the town of Lordsburg, Hidalgo County, New Mexico.
Santa Fe�� holdings at the Summit silver-gold property in Grant County, New Mexico consist of 10 patented federal mining claims totaling approximately 117 acres and 62 unpatented federal mining claims totaling approximately 740 acres. Its holdings at an! d adjacent to the Banner mill site in Hidalgo County, New Mexico consists of 86 wholly owned patented federal mining claims, 16 wholly owned unpatented mining claims, 17 leased patented mining claims and 6 leased unpatented mining claims, aggregating approximately 1,500 acres. All wholly owned claims are held in the name of Lordsburg Mining.
Ortiz Gold Project
The Ortiz Mine Grant, over which the Company holds a lease on the mineral estate underlying 42,297 acres (66 square miles) of segregated surface estate, is located 30 miles by road northeast of Albuquerque, Santa Fe County, New Mexico.
The Ortiz Mine Grant is underlain by mid-Tertiary monzonite and latite porphyry stocks, plugs, dikes and sills that have intruded Paleozoic to early-Tertiary sedimentary rocks. The intrusive rocks are part of the Ortiz Porphyry Belt, which comprises from north to south, the Cerrillos Hills, the Ortiz Mountains, the San Pedro Mountains, and South Mountain.
Black Canyon Mica Project
The Black Canyon mine is located 30 miles north of Phoenix, Arizona, and 3.5 miles west-southwest of Black Canyon City. The Glendale processing plant was located in an industrial area on the west side of Phoenix, Arizona, 47 miles to the south of the mine site. Its property holdings at and around the Black Canyon mine consists of 67 federal unpatented mining claims in Yavapai County, Arizona and nine federal unpatented mill site claims in Maricopa County, Arizona, which in total cover approximately 1,385 acres.
Planet Micaceous Iron Oxide (MIO) Project
The Planet property consists of thirty-one patented mining claims totaling 523 acres located in western Arizona. The Planet property is located in the northwest corner of La Paz County, west central Arizona. The property consists of thirty-one patented mining claims totaling 523 acres, consisting of an area of 3,600 feet wide by 8,000 feet long.
Lordsburg Exploration Project
T! he Compan! y in the the Lordsburg (Virginia) Mining District controls approximately 1,500 acres of prospective ground, the majority of which is comprised of patented mining claims that it owns, and the remainder patented and unpatented mining claims that it leases. As of June 30, 2012, the Company had completed an aerial mapping survey covering 30 square miles, carried out data compilation, conducted detailed geologic mapping and sampling, and conducted a geophysical survey.
Advisors' Opinion:- [By CRWE]
Today, SFEG surged (+7.35%) up +0.009 at $.130 with 62,550 shares in play thus far (ref. google finance Delayed: 11:32AM EDT July 11, 2013).
Santa Fe Gold Corporation previously reported its Annual Stockholder Meeting is scheduled to be held at 10:00 a.m. Mountain Time on Tuesday, August 6, 2013, at the Albuquerque Marriott Hotel located at 2101 Louisiana Blvd NE, Albuquerque, NM 87110. Santa Fe Gold Corporation is a gold and silver producer with operations in New Mexico. Its Summit mine achieved commercial production in 2012. Summit produces high value gold-silver concentrates and silica flux products that are sold under contract to domestic and overseas smelters.
- [By CRWE]
Today, SFEG surged (+8.33%) up +0.010 at $.130 with 166,303 shares in play thus far (ref. google finance Delayed: 11:59AM EDT July 8, 2013).
Santa Fe Gold Corporation previously reported its Annual Stockholder Meeting is scheduled to be held at 10:00 a.m. Mountain Time on Tuesday, August 6, 2013, at the Albuquerque Marriott Hotel located at 2101 Louisiana Blvd NE, Albuquerque, NM 87110. Santa Fe Gold Corporation is a gold and silver producer with operations in New Mexico. Its Summit mine achieved commercial production in 2012. Summit produces high value gold-silver concentrates and silica flux products that are sold under contract to domestic and overseas smelters.
- [By CRWE]
Today, SFEG remains (0.00%) +0.000 at $.139 with�31,100 shares in play thus far (ref. google finance Delayed: 11:35AM EDT July 10, 2013).
Santa Fe Gold Corporation previously reported it will receive an additional A$2.0 million from International Goldfields Limited (ASX: IGS), by way of a secured convertible note, increasing IGS��investment in Santa Fe to A$6.0 million. The funds will be used for working capital in support of improvement to mining operations.
In conjunction with the IGS financing, Santa Fe is exploring a listing on the Singapore Catalist Stock Exchange (SGX-ST). Pierce Carson, CEO of Santa Fe said, ��ith the assistance of IGS and our Singapore-based financial advisor, we have formulated a clear strategy to improve our balance sheet, bring the Summit gold-silver mine into full project performance, refinance our senior secured debt and enhance Santa Fe�� trading market for our stockholders.��/p>
Hot Prefered Companies To Watch In Right Now: GTx Inc.(GTXI)
GTx, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of small molecules for the treatment of cancer, cancer supportive care, and other serious medical conditions. The company markets FARESTON (toremifene citrate) 60 mg tablets for the treatment of metastatic breast cancer in postmenopausal women primarily through wholesale drug distributors in the United States. It is developing selective androgen receptor modulators (SARMs), including Ostarine (GTx-024), which has completed Phase II clinical trial for the prevention and treatment of muscle wasting in patients with non-small cell lung cancer; and CapesarisTM (GTx-758), a selective estrogen receptor alpha agonist that has completed Phase IIa clinical trial for the first line treatment of advanced prostate cancer. In addition, the company is developing estrogen receptor beta agonists and other novel compounds that are in preclinical development stage for the treatment of metabo lic diseases, ophthalmic diseases, cancer, psoriasis, and/or pain. The company was founded in 1997 and is headquartered Memphis, Tennessee.
Advisors' Opinion:- [By Keith Speights]
War of words
In the stock market, the old saying that "sticks and stones may break my bones, but words can never hurt me" doesn't hold water. GTx (NASDAQ: GTXI ) investors experienced that reality firsthand this week, with shares dropping 15% from an online article published on Wednesday. - [By John Udovich]
Cancer has been one of the hotter segments of the sizzling biotech sector this year with small cap cancer stocks�Genetics Inc (NASDAQ: CGIX), GTx, Inc (NASDAQ: GTXI) and MetaStat Inc (OTCMKTS: MTST) being among those involved in cancer research or treatment producing noteworthy news for investors to digest. Just consider the following:
Hot Prefered Companies To Watch In Right Now: Taseko Mines Limited(TGB)
Taseko Mines Limited engages in the exploration, development, and operation of mineral properties in British Columbia, Canada. The company principally holds interests in the Gibraltar copper-molybdenum mine located north of the City of Williams Lake; the Prosperity gold-copper project situated in the Clinton Mining Division, southwest of the City of Williams Lake; the Harmony gold project located on the Queen Charlotte Islands, also known as Haida Gwaii; and the Aley niobium project situated in the Omineca Mining Division. Taseko Mines Limited was founded in 1966 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Joshua Bondy]
Taseko Mines� (NYSEMKT: TGB ) is a relatively small miner that owns Canada's second largest open pit copper mine. The company is not profitable, but it is working on a number of interesting projects. Investing in undeveloped mines is risky, but Taseko mitigates these risks by focusing on projects in Canada where resource nationalization is a very small threat.�
Hot Prefered Companies To Watch In Right Now: OriginOil Inc (OOIL)
OriginOil, Inc., incorporated on June 1, 2007, is a technology company. The Company is primarily involved in research and development activities, and sales of pilot and demonstration equipment. The Company has developed an energy production process for harvesting algae and cleaning up oil and gas water. To develop the energy and ancillary markets, the Company sells smaller-scale equipment, such as the Algae Appliance. The Company�� process, CLEAN-FRAC, represents a generation of water treatment that is chemical free. The Company's water cleanup technology, Electro Water Separation (EWS), is a chemical-free process that extracts organic contaminants from large quantities of water. Its products include EWS Algae, EWS Algae A4, EWS Algae A60, EWS Algae A200, EWS Petro P160, and EWS Aqua Q60.
The Company intends to embed its technology into larger systems through licensing and joint ventures. The Company is in the process of pursuing secondary licensing opportunities outside of energy, including aquaculture. EWS Algae A4 is an entry-level algae harvester designed to make it easier and faster for producers and researchers to try and buy the Company's harvesting technology. EWS Algae A60 is a pilot scale algae harvester providing a low energy, chemical-free, continuous flow wet harvest system to dewater and concentrate the microalgae. EWS Petro Model 160 is designed to remove organics, such as crude oil, and suspended solids and bacteria from process water, such as produced or frac flowback water at a continuous flow rate of one barrel per minute or 160 liters per minute in continuous, chemical free operation. EWS Aqua Q60 is a commercial fish farming pond water treatment system, designed to clean pond water of ammonia, bacteria and aquatic animal pathogens in a continuous loop.
Advisors' Opinion:- [By CRWE]
Today, OOIL�has shed (-3.12%) down -0.01 at $.31 with 95,929 shares in play thus far (ref. google finance Delayed: 2:04PM�EDT October 15, 2013).
OriginOil, Inc. previously reported it has signed its first pay-per-barrel agreement with Industrial Systems, Inc. (ISI) for a water treatment system integrating OriginOil�� process as the first stage of treatment.
Delta, Colorado-based ISI has agreed that it will operate the Model P160 as part of its overall frac flowback water cleanup service, and pay OriginOil a fee for each barrel processed.
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