Columnist Chuck Jaffe can’t decide if he’s more surprised that 91% of the ‘active investors’ polled at a recent Fidelity Traders Summit expect to meet or beat the market over the next year, or that 9% of the group actually expects to lose.
Chuck Jaffe: The mind is a terrible way to trade
May 19th, 2012Posted in Information | No Comments »
Don't Be Overly Strict When Selecting A Trade
May 19th, 2012When stalking a trade, a lot of factors need to come into play before taking action. But being too rigid and waiting for everything to be perfect can cause you to miss out on some big winners.
The CAN SLIM investing methodology is a top-down approach. Every aspect should be in play, without exceptions.
You want the market to be in an uptrend before buying stocks. It’s best to go with the flow, rather than try to swim upstream.
A stock should be in a top-performing industry group — ideally in the top 20 among 197 tracked daily by IBD. At different times in the business cycle, certain industry groups will outperform. This can be due to new technologies, regulatory changes, price increases or just pent-up demand.
Companies on your radar should have new, innovative products or services. These firms should also be showing big increases in earnings and sales.
Finally, stocks on your hit list should be under accumulation by mutual funds and other funds.
If all of these factors have lined up favorably, the chances of making money in a leader, even if it shows a wart or two, go way up.
SolarWinds (SWI – News) had a huge run after bottoming near 12 in July 2010. The stock more than doubled by June 2011 before settling into a new consolidation.
The stock went on to form a double-bottom base with a 25.72 buy point. It had some positive characteristics; for instance, it was a first-stage pattern. In July, the stock had undercut the low of a prior base in May 2011. 1
In the week ended Sept. 23, SolarWinds made the second low of its double-bottom, but notice that its Relative Strength line didn’t make a new low, thus creating a positive divergence. 2
The stock was under accumulation. At the end of Q2 of 2011, 375 mutual funds owned the stock, up from 265 two quarters earlier.
SolarWinds’ earnings grew between 26% and 31% in the latest three quarters. Sales grew 25% to 29% over the same period.
Meanwhile, the NYSE composite staged a follow-through Oct. 12, confirming an uptrend. On the downside, SolarWinds’ industry group ranked a low 138th. Yet by this time, its rising RS line proved it was already a market leader.
SolarWinds cleared the 25.72 trigger in the week ended Oct. 28 3 and gained 30% before settling into a new consolidation.
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The Trade: Big Questions Left Unanswered in JPMorgan Loss
May 17th, 2012The commentary surrounding the debacle at JPMorgan Chase has mostly been about the implications for banking reform. But were any existing laws broken?
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Skechers to pay $45 million to settle deceptive ad claims
May 17th, 2012Consumers who bought so-called Skechers “toning shoes” may be eligible for refunds.
The Federal Trade Commission announced Wednesday that the California-based company had agreed to pay $45 million to settle charges it deceived consumers.
The FTC alleged that the shoe company made unfounded claims that its Shape-ups fitness shoes, which retailed for about $100 a pair, would help people lose weight, and strengthen and tone their buttocks, legs and abdominal muscles.
Federal regulators also alleged Skechers made similar deceptive claims about its Resistance Runner, Toners and Tone-ups shoes.
Consumers who bought these “toning” shoes could be eligible for refunds either directly from the FTC or through a court-approved, class-action lawsuit.
The settlement with the FTC is part of a broader agreement that was also announced Wednesday resolving a multistate investigation, which was led by the Tennessee and Ohio Attorneys General offices and included attorneys general from 42 other states including Pennsylvania and the District of Columbia.
In addition to $40 million for consumer refunds, the states will split an additional $5 million of which Pennsylvania will get $143,000.
An FTC official said Skechers’ claims went beyond stronger and more toned muscles. “The company even made claims about weight loss and cardiovascular health,” said David Vladeck, director of the FTC’s Bureau of Consumer Protection, adding: “The FTC’s message, for Skechers and other national advertisers, is to shape up your substantiation or tone down your claims.”
Skechers’ CFO David Weinberg denied any wrongdoing but said the company agreed to the settlement to mitigate the “exorbitant cost and endless distraction” of continued litigation.
The settlement with Skechers – which follows a similar settlement with Reebok International Ltd. last year – is part of the of the FTC’s crackdown to stop overhyped advertising claims.
One of the Skechers’ advertisements challenged by the FTC included Shape-ups ads featuring celebrities Kim Kardashian and Brooke Burke.
Airing during the 2011 Super Bowl, the Kardashian ad showed her dumping her personal trainer for a pair of Shape-ups.
The Burke ad told consumers that the newest way to burn calories and tone and strengthen their muscles was to tie their Shape-ups shoe laces.
Under the FTC settlement, Skechers is barred from making certain claims for its toning shoes unless they are true and backed by scientific evidence.
Consumers can find out more about the settlement and how to file for a refund if they are eligible at www.ftc.gov/skechers.
Contact Michael Hinkelman at hinkelm@phillynews.com, or follow on Twitter @MHinkelman.
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5 Key Interop 2012 Takeaways for CIOs and Other IT Pros
May 15th, 2012Big trade shows like Interop can be confusing. So many vendors, so much noise, so much spin, so little clarity. Searching for technology trends among the tchochke seekers, spokes-models and aggressive PR reps can feel like a hopeless task.
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Breaking Exhibitor News from Major Trade Shows and Conferences Available Online at Tradeshownews.com
May 15th, 2012LOS ANGELES–(BUSINESS WIRE)–
As the recognized global leader in event news release distribution,
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The following is a listing of hyperlinks to Business Wire Online Media
Centers for upcoming events between May 14 through July 15, 2012:
Broadband
World Forum Asia 2012
B.
Riley 13th Annual Investor Conference
Design
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Jefferies
Global Healthcare Conference 2012
CONNECTIONS:
The Digital Living Conference & Showcase 2012
Apple
Worldwide Developers Conference 2012
Microsoft
TechEd North America 2012
2012
BIO International Convention
International
Supercomputing Conference 2012
NRF
Loss Prevention Conference & EXPO 2012
Farnborough
International Airshow 2012
For a complete listing of past and future event news go to www.tradeshownews.com.
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County showcased at wine industry shows
May 13th, 2012KELSEYVILLE — Lake County’s participation at several national wine trade shows proved to be a resounding success, according to representatives of the County’s administration and the Lake County Winegrape Commission.
A California Department of Food and Agriculture (CDFA) Specialty Crop Grant made it possible for the Commission to attend selected shows this year.
In January, a contingent of Lake County wine industry representatives traveled to the Unified Wine & Grape Symposium in Sacramento. Participation in two shows in February took the delegates to the Midwest Grape and Wine Conference and Trade Show in St. Charles, Miss., billed as the third largest wine industry trade show in the United States; and to the Texas Wine and Grape Growers Association’s annual conference and trade show in San Marcos, Texas.
During the month of March, people worked the commission’s booth at the Eastern Winery Exposition in Lancaster, Penn. and the Wineries Unlimited Trade Show and Conference in Richmond, Va.
Sharing information about Lake County’s wine industry and the county in general, commission President Shannon Gunier and Commission board members were joined by county representatives and commission committee members at the various trade shows.
The Lake County contingent obtained information about potential winegrape buyers and businesses interested in the area. Gunier said leads are available to qualified Lake County growers by calling the commission office, 995-3421.
“We
poured wine and talked to interested parties about Lake County and the grapes we grow,” Bill Brunetti, chair of the commission’s Industry Relations Committee, said. Brunetti and wife Patti attended the Pennsylvania and Virginia shows
last month.
“In general, (we) tried to sell our county and our grapes,” Brunetti said. “The county’s participation was well received. I think that the new booth pretty much outdid any other at the show. The wines spoke for themselves, and the presence of county government personnel talking about the desire of Lake County to attract business was a home run.”
County Administrative Analyst Alan Flora echoed Brunetti’s sentiments about the reception of the county’s presence at the expositions. “The interest generated in Lake County as a destination, a producer of fine wines, and as a place to do business exceeded all of my expectations,” Flora said.
“The breadth of questions and comments were phenomenal. Few people were able to pass our booth by. Our booth design focused on a dramatic presentation of the scenic beauty of our county, the substantial and impressive development of our most established wineries, education about what makes our growing region so unique and full of potential, and the bold, complex and delightful wines we produce.”
Budget constraints had forced the commission to cancel participation in out-of-state industry trade shows that had proven to be instrumental in showcasing Lake County wines in past years, according to Gunier. Receipt of the CDFA Specialty Crop grant allowed the winegrape growers organization to team with the county to continue marketing work at industry shows. The grant was awarded to increase the effectiveness of the pre-existing campaign, Gunier said.
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SLC’s hold on trade shows tied to issues beyond space
May 13th, 2012Local officials like Salt Lake City’s chances of retaining the Outdoor Retailer’s winter show but acknowledge the summer version has grown so large it could be up for grabs by competing cities.
The Outdoor Retailer’s contract to stage summer and winter trade shows at the Calvin L. Rampton Salt Palace Convention Center expires at the end of 2014. The combined shows generate nearly $40 million in direct economic impact to Salt Lake City and the state annually.
<!– –>
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Outdoor Retailer winter, summer shows
Events » Staged at the Salt Palace convention center, attracting 21,000 visitors during winter show and 25,000 for the summer show.
Purpose » Connect buyers from outdoor specialty stores with more than 900 manufacturers worldwide.
Revenue » Each show generates nearly $20 million for the Salt Lake City and state economies.
Survey » Stakeholders’ responses will help determine location of future shows, at www.outdoorretailer.com/collective-voice.
But it’s not only size that might decide the issue. There’s also the matter of adequate hotel space, logistics and politics.
There is no consensus but some involved in the trade show worry that Utah politicians’ efforts to take control of federal lands and sell federal property so a gondola can link Park City and Big Cottonwood Canyon ski resorts ould be hurting Salt Lake’s efforts to keep the summer showcase beyond 2014.
Salt Lake County Convention Bureau President and CEO Scott Beck, for one, says he hasn’t heard about political concerns. He is optimistic about keeping both shows. He said Salt Lake City’s strengths include its affordability and outdoor access. Beck also noted that about 30 percent to 40 percent of exhibit displays on the show floor are stored in the area year-round, saving exhibitors the cost of shipping items to new destinations.
But Outdoor Retailer representatives, whose not-open-to-the-public shows attract 7,100 retail attendees and connect buyers from outdoor specialty stores with 1,100 brands from around the world, have said the summer event is too large for available space. Structures must be erected outside the Salt Palace to accommodate participants.
The overcrowding has made adding new vendors problematic.
Salt Lake County officials have proposed using both the Salt Palace and Sandy’s South Towne Exposition Center during the summer market. That would add 243,000 square feet of contiguous space to the show. The biggest hurdle to that idea is that show organizers aren’t keen about having venues 15 miles apart.
Beck said Salt Lake City’s biggest disadvantage is the lack of a convention hotel and of convention-quality rooms within a two-mile radius of the Salt Palace.
“We have heard that there are many participants who stay in Utah, Davis and Summit counties,” he said. “People would rather be closer to the convention.”
On the other hand, Beck and others said there’s a possibility that the winter and summer shows could be staged in two different cities.
“You cannot find [elsewhere] the immediacy of the quality of outdoor access to the winter experience in Salt Lake City,” he said. “Summer is different. It needs water — and we are not the only destination that has great access to water.”
Show manager Kenji Haroutunian said Friday that although the shows could be split, such a move could undermine the trade groups’ power to negotiate prices for hotel rooms and other needed services.
Outdoor Retailer and the Outdoor Industry Association are asking stakeholders to rate convention centers nationally as the trade groups decide where future shows will be staged. Other sites under consideration are in Las Vegas, Denver, Anaheim, Calif., and Orlando, Fla. Results could be released in the next several months.
But at least one key industry player thinks other considerations are entering the debate.
Peter Metcalf, president of Utah-based outdoor company Black Diamond, said in an email that although the debate over lack of space for the growing summer show is not new, what has changed in the view of some outdoor industry leaders is the perception that they don’t have a place at the table with Utah politicians.
He cited concerns over issues such as litigation that would give the state more control over federal public lands, lawsuits involving 40,000 miles of backroad claims and Utah’s congressional delegation sponsoring a bill favoring the sale of more than 30 acres of federal lands to The Canyons Ski Area for a gondola to the Solitude ski area. In addition, state lawmakers have restricted access of anglers to stream beads on private property in Utah.
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NewsWatch: Wider trade gap shows U.S. strengths, weaknesses
May 11th, 2012As the U.S. trade deficit widens to $51.8 billion, Rex Nutting says the number is testimony to both the strengths and weaknesses of the American economy.
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Three trade shows at CICC on May 24
May 11th, 2012
CEBU businessmen and entrepreneurs will again have the chance to learn about new technologies in the construction, car, and food industry as Worldbex Services International will again hold three trade shows in one venue.
Called the Cebu Trio— Philbex (Philippine Building and Construction Exposition), Cebu Auto Show and Cefbex (Cebu Foods and Beverage Exposition)—are three trade shows held simultaneously at the Cebu International Convention Center from May 24 to May 27.
“We bring together the Philippines, Manila and other parts of the world together in Cebu to provide new technologies,” said Jon Richmond Ang, marketing director of Worldbex Services International.
He said the theme of these year’s Cebu trio is “Construct, calibrate, crave.”
CONSTRUCT
Philbex, which is on its ninth year, will concentrate on green advocacies and innovations in the construction industry, said Ang.
He said Philbex with at least 100 exhibitors would feature the latest construction related products and services and provide Cebuanos a venue where they could source their products in one place.
“It’s also offering Cebu anos a venue where they can start their own business. Cebuanos can actually start their own hardware stores or open up their own dealership that can provide more products for Cebu,” Ang said.
Philbex will also include free seminars and business matching.
CALIBRATE
The Cebu Auto Show, which is on its sixth year, will feature setup cars for display and commercial cars for both display and sale.
There will be 45 setup cars to be showcased from 24 car clubs. There will also be 17 international car brands that will showcase their latest 2012 line-ups.
“What’s nice about the show is that we are not only featuring sedans, SUVs but we’re also actually featuring business cars. Trucks that will be helpful for people’s businesses in terms of deliveries and logistics, they can see it there at special deals,” said Ang.
Crave
Ang said that Cefbex is the only food and beverage show of its kind in Cebu and has been held for four years in Cebu.
It aims to address the increasing demands of the food service and hospitality industries in the region.
“It is a show specifically for the south market that would open their minds to more food and beverage ideas—may it be consumer or trade that would help them a lot,” said Ang.
Cefbex targets the suppliers, distributors, manufacturers, retailers and small scale players of food and beverage products.
He said there would also be at least 100 exhibitors in the Cefbex.
Highlights will include cooking demos, free seminars, and interschool competitions./Correspondent Jose Santino S. Bunachita
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