Market Blog » The Arora Report Stock Market News

Iranian Buying Unlikely Culprit For Uranium Stock Rise

January 23, 2012

Is Iran buying large quantities of uranium ore or yellowcake? It is true that Iran has an extensive uranium enrichment program. It is true that Iran is making progress in its nuclear program. It is also true that Iran in the past has claimed that it was forced to resort to secrecy after U.S. pressure resulted in several of its nuclear contracts with foreign governments being terminated. Yellowcake is a form of uranium concentrate obtained from leach solutions as an intermediate step in the processing of uranium ore. Sources indicate that aggressive buying in uranium stocks is occurring in

Battle Planning For Apple’s Earnings Report

January 23, 2012

Apple reports earnings on Tuesday, January 24, after the close of trading. The consensus estimate is for $9.97 in earnings and $ 38.73 per share for revenues. Of course, as usual, breakdown of numbers by product category will drive the price of Apple stock. Over last three years, I have watched in amazement as analysts dismiss Apple’s projections. The legions of analysts have concluded that Apple has perfected the art of guiding conservatively so that it can beat the projections. I follow several sets of rigorous principles and rules in my investing and here are a few I focus

ADDED TO GOLD

January 23, 2012

Consider adding a 5% tranche to gold (GLD) right here at $163.42. Those not in the position may start a 5% position here. New subscribers: Please carefully study Trade Management Guidelines before entering this trade on GLD. We will continue to follow this trade on the paid subcription Alert service.

Symantec (SYMC) Has More To Say About Norton Hacking

January 19, 2012

I detailed the attack by hackers on Symantec, the maker of popular Norton Antivirus software in my article, ‘œLords Of Kings Hack Norton Antivirus, Are You Safe?’ Subsequently, Symantec’s take on the hacking was detailed in ‘œSymantec Says Norton Is Safe After Lords of Kings Attack.’ Symantec had stated that the stolen code was 10 years old and did not include the code for its flagship product Norton Antivirus for consumers. Now Symantec is backtracking. In an email to The Arora Report, Symantec admits, ‘œUpon investigation of the claims made by Anonymous regarding source code disclosure, Symantec believes that the

Steve Jobs’ School House Dream Comes To Fruition But Not Big News For Stock

January 19, 2012

Steve Jobs had a dream of making traditional textbooks obsolete. Now Apple (AAPL) has promised to reinvent textbooks. Today Apple introduced iBooks 2. iBooks 2 can be purchased, starting today, from Apple’s iBooks store. iBooks 2 is rich in swiping and pinching gestures, animations and video. Apple is completing the package with iBooks Author, and a new iTunes U program. iTunes U allows teachers to create online courses and handouts. iBooks Author is a WYSIWYG app for writing interactive books. The app runs only on Mac. The app allows one button publishing of books to an iPad.

A CONSERVATIVE WAY TO PROFIT FROM FINANCIAL STOCKS

January 19, 2012

Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are rocketing as of this writing. Financial sector, as represented by ETF SPDR Select Sector Fund – Finan (XLF) is one of the top performing sectors in 2012. Subscribers to ZYX Global Multi Asset Allocation Alert have achieved a 21.25% return to date using a low risk strategy. The strategy included buying the ETF PowerShares Financial Preferred (PGF). Fortunately it is still not too late to buy PGF on dips. The following is a list of the holdings of this ETF. . HSBC HOLDINGS PLC PFD A-/A3 10.14% 2.

WEAKNESS IN FINANCIAL CONTROLS AT ZAGG (ZAGG)

January 19, 2012

ZAGG (ZAGG) makes covers and other accessories for mobile devices. This is a highly competitive area where for the most part products are not differentiated. ZAGG stock continues to levitate because the company issues higly promotional statements to investors. ZAGG’s promotions are helped by a brokerage firm that may have vested interested in promoting ZAGG stock. The fact that works against our short position is that lots of other astute investors also have a $3 target similar to ours and such investors are short. With abundance of shorts, short squeees occur helping the stock price defy gravity. On

NEW IDEA ON RENESOLA LTD (SOL)

January 19, 2012

Renesola Ltd, (SOL) is a solar stock. Subsidies from the government in Germany have been a big part of the solar business. Cuts in solar energy subsidies will be implemented on a monthly, rather than on a half-yearly basis, with a goal of phasing them out for some facilities by 2017, said Germany’s Environment Minister Norbert Roettgen. Short zone for SOL is $2.49 to $3.11, stop zone is $3.31 to $3.62 and target zone is $0.90 to $2.02. If the stock hits upper end of target zone quickly, plan is to book such profits. Please carefully follow ZYX Change Method Trade