Showing posts with label bac. Show all posts

Monday, January 7, 2013

$BAC #BAC Bull Market Or Bear Market in 2013 & 2014 ?

In two months, this bull run will turn four years old, having more than doubled since it began on March 9, 2009, with the S&P 500 index (^GSPC) lifting off from a 13-year low of 676. The average duration of all prior bull markets since 1929 is 3.8 years, and the median just 3.6 years. The major indexes have also risen more than the average, albeit from the wreckage of a particularly devastating decline. Aside from this simple tale of the tape, some seasoned observers are spying wrinkles on the bull. Technical market analyst Mary Ann Bartels of Bank of America Merrill Lynch views fewer and larger stocks leading the tape higher, with unimpressive momentum, as evidence of an aging advance that could culminate sometime this year. Investment firm Leuthold Group also backed off its previous optimistic stock views because of the hazards of mature uptrends. More fundamentally, much of the benefit from soaring corporate profits and sharply lower interest rates has been realized, this fuel largely spent in propelling stocks to their current levels. Corporate profit margins are near 50-year highs and borrowing rates around half-century lows. There are plausible arguments for why both can remain benignly steady but neither is likely to provide incremental oomph for share prices. Yet a few factors mitigate the effects of the years on this stock market phase. For one, all prior bull markets at least matched their former all-time high, which now would mean gaining at least another 10%. Then there is the fact that this bull is uncommonly battle-tested. It has been shadowed by the constant fear that the global economic recovery was faltering, and rattled by the periodic loss of faith in sovereign finances. It has weathered a double-digit percentage decline in each of its three full calendar years, only to prove resilient (with the copious help of central banks’ free money acting as “liquid courage,” naturally). Because of this pattern, few of the excesses that typically build up and eventually doom a rising market are apparent. The public has not gotten excited about the market and therefore hasn’t driven much speculative froth. Valuations – while not cheap compared to profits – are within roughly the normal band of historical readings, and would not impede a run to new highs should recent signs of economic momentum persist. Stocks, too, are being flattered by the company they’re keeping. The U.S. economy, though it’s been growing for more than three years, is still operating well below its potential, with lots of slack productive capacity and idle workers. These are early-stage-recovery traits, and as such are being treated with intense post-recession medicine by a Fed that still views this as a fragile, halting expansion. While the release of minutes from the December Fed meeting showed some policy committee members preferring to end the bond-buying program later this year, the Fed will almost certainly continue to err on the side of easy money and keep rates near zero. This same Fed suppression of risk-free rates is dragging down yields on all other assets, from mortgage debt to corporate bonds. Set against these alternatives, stocks’ valuations are not anomalous at all, even if, in the abstract, shares are not demonstrably cheap. There are at least two themes to watch in 2013 that should determine whether this bull can keep marching higher: The potential receding of macro/policy influences and the appetite for corporate deal-making and other risk-seeking behavior. There’s a good chance we are now witnessing the peak of partisan polarization and the fiscal frictions driving domestic economic policy anxieties. Before laughing too hard, consider that, a year ago, the dominant sentiment was that central bankers were at serious risk of losing control of the capital markets, the European Central Bank was not up to the task of holding the euro zone together and a Lehman-like incident was a real risk. In fact, we saw central banks in 2012 resolutely deploy irresistible monetary firepower to pacify markets and suppress volatility, to the point that today it is broadly taken for granted that they have duly muted the “tail risk” of terrible financial disruptions. Now that the full “fiscal cliff” has been averted, investors broadly assume the coming debt-ceiling/spending cut debate will prove just as maddening and market-rattling, or even worse. Yet the latest deal took tax rates off the battlefield. And President Obama can use his State of the Union address to invite a broad, legacy-defining fiscal arrangement, becoming flexible to Republican priorities now that his campaign promise on taxes is met. This should put both monetary and fiscal policy tentatively in the “settled” column, after nearly half a decade in which systemic, macroeconomic and policy threats caused markets to dart and shudder. In a best-case scenario, this would return markets to the boring old elements of gauging the economic cycle and sorting the corporate winners from the losers. The most bullish handicappers, such as Jim Paulsen of Wells Capital Management, assert that such a policy-risk ebb tide should allow confidence to build among investors and CEOs, extending their time horizons, lifting asset valuations and emboldening hiring and capital spending. Could happen. There’s a chance that, even if easy money and a self-sustaining economic recovery can’t in themselves inflate stock prices, a spreading sense that the Fed has successfully stretched out the slow-and-steady economic trajectory could be enough to loosen investor and company purse strings. Either way, the caging of macro/policy monsters could make the market safe again for picking and panning individual stocks and asset classes. The pendulum is overdue to swing back in favor of security selectors, long-short managers and hunters of idiosyncratically mispriced assets. That could mean betting heavily on the auto rebound, loading up on cheap “old tech” stocks or playing possible downside in expensive slow-growth staples stocks. The second key is deal activity. Mergers and acquisitions volume as a proportion of total stock-market value in 2012 was 20% below the 10-year average. It almost has to accelerate if this market is to resist gravity much longer. This is not just because buyouts enrich the shareholders of the acquired companies. It’s because this is the point in the corporate-profit and bull-market cycle when “financial engineering” takes over as a driving theme. By YahooFinance.com

Monday, November 19, 2012

Top Stock Trends for 2012 & 2013

Trends

Leaders	Volume	Mkt Cap
	DIRECTV	3.19M	32.76B
	Pentair Ltd	1.28M	4.15B
NOK	Nokia Corporation (ADR)	607,508.00	10.37B
SPY	SPDR S&P 500 ETF Trust	394,886.00	102.38B
BAC	Bank of America Corp	287,766.00	98.30B
AAPL	Apple Inc.	82,035.00	496.38B
SINA	SINA Corp	79,805.00	2.98B
QQQ	PowerShares QQQ Trust, Series 1 (ETF)	58,225.00	30.74B
EWZ	iShares MSCI Brazil Index (ETF)	49,428.00	8.16B
VXX	iPath S&P 500 VIX Short Term Futures TM ETN	40,070.00	1.50B

Excludes stocks with mkt cap less than $1B

Gainers
Change
Mkt Cap
CEO
CNOOC Limited (ADR)
2.30%
9.23T

BCA
CorpBanca (ADR)
2.76%
4.76T

SNP
China Petroleum & Chemical Corp (ADR)
1.31%
8.86T

CHA
China Telecom Corporation Limited (ADR)
2.19%
4.31T

PTR
PetroChina Company Limited (ADR)
0.38%
23.90T

Losers
Change
Mkt Cap
BCH
Banco de Chile (ADR)
-1.01%
7.76T

LFC
China Life Insurance Company Ltd. (ADR)
-1.22%
1.21T

NTES
NetEase, Inc (ADR)
-6.83%
144.32B

TI
Telecom Italia S.p.A. (ADR)
-4.61%
167.55B

BT
BT Group plc (ADR)
-2.02%
274.79B

Excludes stocks with mkt cap less than $1B

Popular

Price

Mkt Cap

Vol

Gainers	Change	Mkt Cap
SHF	Schiff Nutrition International Inc	29.01%	1.28B
PENN	Penn National Gaming, Inc	28.24%	3.69B
OSIS	OSI Systems, Inc.	16.49%	1.28B
CYBX	Cyberonics, Inc.	12.53%	1.45B
BKD	Brookdale Senior Living, Inc.	10.84%	2.93B

Losers	Change	Mkt Cap
SHLD	Sears Holdings Corporation	-18.79%	4.96B
SINA	SINA Corp	-15.12%	2.98B
GENE	Genetic Technologies Limited (ADR)	-12.54%	1.23B
BBY	Best Buy Co., Inc.	-9.84%	4.63B
EBR.B	Centrais Eletricas Brasileiras SA (ADR)	-8.31%	1.44B

Excludes stocks with mkt cap less than $1B

Popular

Price

Mkt Cap

Vol

Popular searches on Google	Change	Mkt Cap
ITW	Illinois Tool Works Inc.	0.20%	27.28B
NTDOY	Nintendo Co., Ltd (ADR)	1.74%	18.20B
LOW	Lowe's Companies, Inc.	1.84%	36.48B

Friday, December 23, 2011

Best 2012 hot stocks to buy ? NFLX,F,RIMM,AAPL,UAL,NFLX,DAL,GRPN,GCI,S,BAC

1. Ford

The No. 2 U.S. automaker's stock is down almost 50% this year, from $18.97 to $10.24. That's despite the fact that its revenue and American vehicle sales continue to rise. The U.S. car and light truck market recovered substantially this year and may be up as much as 15% from 2010. There is a great deal of evidence to suggest that as the consumer sentiment recovery proceeds and interest rates remain low, buyers will re-enter the car market. Yet Ford (F) shares have been caught in the downdraft created by fears of a possible second recession. The chances of that, however, continue to recede.

In addition, Ford has particular strength in the SUV and light truck sector, which is where a great deal of the sales growth in the U.S. has come from. It has the best selling pickups in the U.S. -- the F-series -- and the Explorer SUV. Ford is also strong in the rapidly growing markets of Latin America and Asia.

The final factor in Ford's favor is that the average car owned by American households is now 5 years old. That's well above the historic average, and many analysts think this huge pool of aged cars will soon start being replaced.

2. Research In Motion

RIM (RIMM) is on most analysts' lists of takeover targets. Its recent problems, including slow subscription sales, the lackluster reception of its Playbook tablet, and late product launches, have pushed the stock to a seven-year low. It's troubles are so severe that some analysts think RIM is no longer a valuable acquisition. That's not true. RIM's remaining strengths are great, and in some ways, unique.

First, the company has 75 million subscribers, a large portion of them are overseas in places that Apple (AAPL) has been slow to build its iPhone distribution, particularly in China.

Next, RIM has an operating system that has not been drawn into the large number of patent lawsuits that Apple, Samsung, and the Google (GOOG) Android based smartphones are embroiled in. By avoiding IP disputes, RIM can watch from the sidelines court battles that could cost the losers billion of dollars.

RIM's share price is $13, compared to a 52-week high of $70. It trades at an extraordinarily low of 0.35 times total sales. That makes it a fine target for several companies that will want to hedge their bets in the smartphone market -- among them Microsoft (MSFT), HTC, and Samsung -- the No.2 handset company in the world. The media has recently reported that Microsoft and Nokia (NOK) have considered a joint bid for RIM. Apparently, Amazon (AMZN) has as well. Any consideration these companies make a definite offer is likely only in early stages, if an official offer is to be made at all. These rumors have pushed RIM share up 10%.

3. Netflix

Netflix (NFLX) is also on a number of takeover lists, as it should be. The stock has dropped from $305 to $69 in a year. Wall Street is worried about Netflix's profitability because of its slow subscriber growth and high programming costs. But Netflix is viewed by many analysts who follow the content and content delivery industry as a de facto cable company: It has over 20 million subscribers; it has content deals to syndicate TV shows and movies from most of the major media companies; and it has a current annual sales run rate of over $3 billion and net income last quarter of $62 million. Shareholders who have abandoned the company think it may have a net loss next year. But Netflix has a strong balance sheet with $350 million in cash.

The most likely buyer of Netflix is one of the two satellite TV companies -- Dish Network (DISH) or DirecTV (DTV). AT&T (T) and Verizon (VZ) may also make offers as a way to bolster their fiber-to-the home products. Both the two big telecoms and satellite companies lack weapons for their battles with the cable companies. Netflix's huge content delivery system and its content licenses could change that

4. United Continental Holdings

The parent of these recently merged companies now operates the largest airline in the U.S. Fears of high oil prices and a new recession drove shares from nearly $30 last November to under $16 recently. The airline has three critical factors in its favor. The first is that it's still in the early stages of slicing out the labor, reservation system, and route redundancies left from the merger. If Northwest's marriage with Delta (DAL) is any guide, United Continental (UAL) will save tens of millions of dollars in costs per year. This will substantially improve operating margins and thus EPS.

The second factor is that the oil prices rally is over. A jet fuel cost increase of 20% or 30% from current levels is no longer a strong possibility. Finally, the AMR Chapter 11 should be a windfall for United Continental. The bankruptcy of a major carrier allows it to unload planes and cut routes. This lowers passenger capacity for the entire industry. And lower capacity means all carriers have a chance to raise ticket prices

is $13, compared to a 52-week high of $70. It trades at an extraordinarily low of 0.35 times total sales. That makes it a fine target for several companies that will want to hedge their bets in the smartphone market -- among them Microsoft (MSFT), HTC, and Samsung -- the No.2 handset company in the world. The media has recently reported that Microsoft and Nokia (NOK) have considered a joint bid for RIM. Apparently, Amazon (AMZN) has as well. Any consideration these companies make a definite offer is likely only in early stages, if an official offer is to be made at all. These rumors have pushed RIM share up 10%.

3. Netflix

4. United Continental Holdings

5. Groupon

The argument that the Groupon (GRPN) phenomenon will turn out to have been a fad has driven its shares from an IPO price of $20 and a recent high of $31.14 back down to $22. But recent analysts calls on the company include three "buys" from Barrington Research, Hudson Square Research, and the Benchmark Company. Groupon's CEO recently wrote that "We sold over 650,000 Grouponicus deals between Black Friday and Cyber Monday -- an increase of over 500% from last year." The news caused the stock to rally more than 30% in two days.

The major concern about Groupon is that it will be flanked by direct competitor LivingSocial, or online coupon deals from large retailers such as Walmart (WMT). But that has not happened yet, and if there was ever a time for these companies to make a large push, it would have been during the holiday season. Groupon also has an important advantage in the e-commerce world. Like Amazon.com, it was the first significant company to enter its market and still holds a large lead over its rivals. In the stock market, first place usually means a premium price

6. Gannett

Gannett (GCI) trades for $13 now, but several newspaper analysts recently told Barron's they expect shares of the nation's largest newspaper chain to move to $16. These analysts also forecast Gannett will double its dividend. That prediction is probably too conservative. Consensus estimates are that EPS will increase next year to $2.18 from $2.12 this year. That is an impressive gain for a company in a dying industry.

One of the things about Gannett that is rarely mentioned is that its online properties had 43.6 million unique visitors in October. That is more than Twitter or LinkedIn. Yet Gannett has a market cap of $3 billion, while LinkedIn's is $6.4 billion, and Twitter was recently given a valuation of $7 billion. It is also lost on many investors that Gannett is a huge and profitable corporation that continues to cut costs and pick up revenue online. Last year, Gannett had total sales of $5.4 billion and net income of $622 million. Gannett has a proven track record. New Web 2.0 companies can't say the same, despite their high market valuations

7. Sprint-Nextel

The No. 3 cellular carrier will not be independent a year from now -- it has too much debt and too little traction as it tries to add subscribers in a saturated U.S. market that's dominated by AT&T and Verizon Wireless. However, Sprint (S) has several assets a larger company would find attractive. The first is its 50 million subscribers. The second is its 4G WiMax network. The company is also building a second 4G LTE network. To duplicate these assets would take billions of dollars. Korea-based SK Telecom approached Sprint about a buyout three years ago. Sprint's cash and debt position was better then, and the U.S. company was able to turn down the offer. And SK is only one of several large overseas telcos that would like to have a position in the world's second-largest cellular market.

Now that the T-Mobile buyout deal with AT&T has failed, parent Deutsche Telekom (DT) can use the AT&T $4 billion breakup fee to rebuild its presence in the U.S. But Deutsche Telekom knows that its No. 4 spot in the U.S. is not a viable position. But combine T-Mobile's 35 million subscribers with Sprint's 50 million, and it would have a number close to AT&T's total.

And it's a good time to buy: Sprint's shares have fallen from a 52-week high of $6.45 to $2.25, dropping its

8. Bank of America

The most troubled large bank in the U.S. has been on several lists of stocks that could double in 2012. That seems improbable ... until one carefully reviews the premises. B of A (BAC) has three severe problems. The first is that it is in too many low-margin businesses. Some of these are related to consumer banking and others to its large presence in the mortgage business. But the bank has announced 30,000 layoffs, and, as it looks for more inefficiencies, that number will grow.

The financial firm's second problem is that its large pool of mortgages has lost a great deal of its value. Still, much of that value has been written down already. Any recovery in the housing market will help the bank rebuild its balance sheet as these home loan assets appreciate. The third problem is that Bank of America is in litigation, or is about to be, with several states over how Countrywide Financial, which it purchased, packaged mortgage securities and sold them to other institutions. All of the other large U.S. banks are involved in similar suits. Once this litigation is settled, a large overhang that has pressed down on its stock will disappear.

Finally, lost in the conversation about Bank of America's share price is that the consensus estimates for EPS next year is $0.97 up from $0.02 this year. The smart money on Wall Street sees a huge recovery in earnings. B of A trades at $5.05, down from a 52-week high of $15.

Monday, September 26, 2011

Top Stocks Moving the Market Today ....

That's a big reason why the Dow Jones industrials ($INDU) fell 6.4% on the week. It's why Bank of America (BAC) fell 12.7%. It's why copper (-HG) fell 16.6% and gold (-GC) fell 9.6%. And it is a big reason why futures trading early Monday suggested the Dow will open down maybe 100 points, with the S&P 500 down 10 points and the Nasdaq-100 Index ($NDX) down 25 points.

Sector Watch

Strong

construction machinery; electronic manufacturing services; diversified financial services; diversified banks; electric utilities; apparel and accessories retailers

Weak

food distribution; gold

Article continues below.

If that's not enough to drive traders crazy, Dow component Hewlett-Packard (HPQ) booted Leo Apotheker as CEO after just 11 months in favor of former eBay (EBAY) CEO Meg Whitman

Markets for the week
	9/23/2011	9/16/2011	% chg.	YTD chg.
Dow Industrials	10,771.48	11,509.09	-6.41%	-6.96%
S&P 500	1,136.43	1,216.01	-6.54%	-9.64%
Nasdaq	2,483.23	2,622.31	-5.30%	-6.39%
Russell 2000	652.43	714.31	-8.66%	-16.74%
Crude oil	$79.85	$87.96	-9.22%	-12.62%
(per barrel)
U.S. Dollar Index	79.23	76.59	3.44%	-0.08%
10-yr. Treasury	1.81%	2.08%	-12.91%	-45.30%
Gold	$1,639.80	1,814.70	-9.64%	15.37%

Here's what else to watch from the economy:

New home sales for August, due Monday from the Commerce Department. Don't expect any improvement from July's dismal sales rate of 285,000 units.

S&P/Case Shiller Home Price Index for July, due Tuesday, from Standard & Poor's. Look for another year-over-year price decline of maybe 4%.

The Conference Board's Consumer Confidence Index, due Tuesday. This is also expected to show little improvement.

Durable good orders, due Wednesday from the Commerce Department. This might offer some real cheer, according to Capital Economics, the British economic consulting firm. Defense orders are rising. So are commercial airplane orders.

Initial jobless claims, due Thursday from the Labor Department. Claims fell to 423,000 in the week ending Sept. 17. But the 4-week moving average rose to 421,000. Claims have stalled at 410,000 to 430,00 in recent weeks, likely the result of increased layoff announcements.

Second-quarter Gross Domestic Product, due Thursday from the Commerce Department. This is a revised estimate that's expected to show a small bit of improvement, from an annualized 1% to 1.3%.

Personal income and spending, due Friday from the Commerce Department. The August jobs report showed no gains in jobs. Don't expect much on the income side, either, says IHS Global Insight.

Reuters/University of Michigan Consumer Sentiment Index, due Friday. This is a final report. It may rise from August's reading of 55.7 to maybe 56.8, IHS says, but that will be down from the first reading of 57.8. Market turmoil will be the culprit.

Micron is the top earnings report

The week ahead is not heavy on earnings reports. The third quarter doesn't end until Friday, and earnings season only starts with Alcoa (AA) on after the close on Oct. 11.

Here are the week's key reports:

Monday: Egg-producer Cal-Maine Foods (CALM).

Tuesday: American Greetings (AM), circuit-board maker Jabil Circuit (JBL), payroll processor Paychex (PAYX) and drugstore chain Walgreen (WAG). The theme to watch is what the companies have to say about job expansion.

Wednesday: Discounter retailer Family Dollar Stores (FDO) and spice-maker McCormick & Co. (MKC).

Thursday: Semiconductor-maker Micron Technology (MU) and steel-maker Worthington Industries (WOR). Micron's results will be closely watched because it offers a look at the health of the personal computer business.
MARKET UPDATE

NAME		LAST	CHANGE	% CHANGE
#	DOW	10,771.48	+37.65	+0.35

#	NASDAQ	2,483.23	0.00	0.00

#	S&P	1,136.43	0.00	0.00

#	Russell 2000	652.43	0.00	0.00

#	10 Yr Note	102.66	0.00	0.00

NAME	LAST	CHANGE	% CHANGE
#	Nikkei	8,374.13	-186.13	-2.17

#	FTSE 100	5,118.80	+51.99	+1.03

#	DAX	5,164.21	-269.59	-4.96

[BRIEFING.COM] The stock market mustered its first gain of the week on Friday. The gain, although modest, came as participants moved to cover their positions following four days of concerted selling. ... More

Currencies

NAME	LAST	CHANGE	% CHANGE
Euro/Dollar	1.34935	-0.00237	-0.18
Pound/Dollar	1.55231	+0.00337	+0.22
Dollar/Yen	76.51109	-0.06891	-0.09

Moving the Market

Tone improves after choppy start Gold, oil, and other commodities remain under pressure

Treasuries and US dollar slip after standing out early as favorite safe havens

Thursday, August 25, 2011

Warren Buffet ( Berkshire Hathaway buys $5 Billion in ( BAC ) Bank of America

press release

Aug. 25, 2011, 9:10 a.m. EDT

Berkshire Hathaway to Invest $5 Billion in Bank of America

CHARLOTTE, N.C., Aug 25, 2011 (BUSINESS WIRE) -- Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 6 percent per annum, payable in equal quarterly installments, and is redeemable by the company at any time at a 5 percent premium.
In conjunction with this agreement, Berkshire Hathaway will also receive warrants to purchase 700,000,000 shares of Bank of America common stock at an exercise price of $7.142857 per share. The warrants may be exercised in whole or in part at any time, and from time to time, during the 10-year period following the closing date of the transaction. The aggregate purchase price to be received by Bank of America for the preferred stock and warrants is $5 billion in cash.
"We are building the best franchise in financial services and we have laid out a clear plan to deliver long-term shareholder value," said Bank of America Chief Executive Officer Brian Moynihan. "I remain confident that we have the capital and liquidity we need to run our business. At the same time, I also recognize that a large investment by Warren Buffett is a strong endorsement in our vision and our strategy."
"Bank of America is a strong, well-led company, and I called Brian to tell him I wanted to invest in it," said Berkshire Hathaway Chairman and Chief Executive Officer Warren Buffett. "I am impressed with the profit-generating abilities of this franchise, and that they are acting aggressively to put their challenges behind them. Bank of America is focused on their customers and on serving them well. That's what customers want, and that's the company's strategy."
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,800 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock /quotes/zigman/190927/quotes/nls/bac BAC +16.80% is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Forward-Looking Statements
Certain statements in this press release represent the current expectations, plans or forecasts of Bank of America and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predict," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." The forward-looking statements made in this press release include, without limitation, statements concerning: the closing of the agreement with Berkshire Hathaway Inc. to sell preferred stock and warrants (the "sale agreement") and the receipt of the aggregate purchase price in the transaction. Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider all of the following uncertainties and risks, as well as those more fully discussed under Item 1A. "Risk Factors" of Bank of America's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011, Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2010 and in any of Bank of America's other subsequent Securities and Exchange Commission filings: the satisfaction of the closing conditions for the sale agreement, including obtaining any necessary regulatory or other approvals.
www.bankofamerica.com
SOURCE: Bank of America


        
        Investors May Contact: 
        Kevin Stitt, Bank of America, 1.980.386.5667 
        Lee McEntire, Bank of America, 1.980.388.6780 
        Reporters May Contact: 
        Jerry Dubrowski, Bank of America, 1.980.388.2840 
        jerome.f.dubrowski@bankofamerica.com

Monday, March 7, 2011

Hot Stocks To Watch Today

Tickers in this article:

JPM

BA GE

DIS BAC

AXP

EVBS Eastern Virginia Bankshares Inc. 10.26%

YUII Yuhe International, Inc. 10.10%

PCLN priceline.com Incorporated 10.01%

HQS HQ Sustainable Maritime Industries, Inc. 9.89%

EXK Endeavour Silver Corp. 9.80%

DPTR Delta Petroleum Corp. 9.77%

URZ Uranerz Energy Corp. 9.73%

WMCO Williams Controls Inc. 9.57%

PCBC Pacific Capital Bancorp 9.46%

BRD Brigus Gold Corp 9.36%

ACFC Atlantic Coast Federal Corporation 9.33%

SCEI Sino Clean Energy Inc 9.29%

CRZO Carrizo Oil & Gas Inc. 9.21%

STEM StemCells Inc. 9.10%
A Ultimate Guide to Swing Trading + Plus Bonus
BIOF BioFuel Energy Corp. 8.87%

JSDA Jones Soda Co. 8.80%

TNDM Neutral Tandem, Inc. 8.75%

SINO Sino-Global Shipping America, Ltd. 8.64%
TheStreet Ratings 10 Best Dow Stocks Since March 2009 Low

By Jake Lynch

Add CommentStock quotes in this article:JPM, BA, GE, DIS, BAC, AXP, CAT BOSTON (TheStreet) -- Those who claim you can't make money in blue-chip dividend stocks should take a look at the following 10 Dow components. They've at least doubled since the March 2009 low, which was two years ago this week. Although the mega-cap index has lagged the S&P 500 and Nasdaq since then, several companies have surged. Several may still outperform in 2011. Below, they are ordered by performance since the low, from great to best.

More on JPM

After Historic Gains, Are Stocks Nearing A Bubble?Stock Market, March 7: What's on Tap
Up on Futures
Market Activity

General Electric Company
GE American Express Company
AXP Walt Disney Company
DIS 10. JPMorgan(JPM_) is a financial company, with retail-, commercial- and investment-banking units.

JPMorgan's stock has doubled since the March 2009 low. It has gained 8.8% in 12 months and 15% in three. Make Money Trading Stocks & Options - Over 24 Hours!

JPMorgan currently ranks as analysts' favorite Dow stock, based on aggregate ratings. Currently, 28, or 85%, of the analysts in coverage rate its stock "buy" and five rate it "hold." None rank it "sell." Oppenheimer forecasts a rise of 35% to $61. Nomura predicts a gain of 11% to $50. The stock trades at a trailing earnings multiple of 12, a forward earnings multiple of 8.2 and a sales multiple of 1.5, 16%, 26% and 14% peer discounts. JPMorgan's adjusted fourth-quarter earnings surged 84% to $1.12, beating researchers' consensus estimate by 12%. The company's quarterly revenue grew 23%. Developing A Winning System For Trading High-Performance Stocks With Tim Cho [VHS]

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9. United Technologies(UTX_) is an aerospace, defense and industrial company.

United Technologies' stock has more than doubled since the March 2009 low. It has gained 17% in 12 months and 3.8% in three.

United currently ranks as analysts' third favorite Dow stock, with 74% of those in coverage ranking it a "buy." Nomura values the stock at $98, suggesting 20% upside. FBR Capital Markets forecasts a modest rise to $83. United shares sell for a forward earnings multiple of 14 and a book value multiple of 3.5, 11% and 55% industry discounts. Yet, they're fairly valued based on cash flow and trailing earnings. United's fourth-quarter adjusted earnings rose 9.8% to $1.31, exceeding consensus by 1.3%. Sales expanded 5.4% to $15 billion.
8. Boeing(BA_) builds commercial and military aircraft as well as satellites and missile defense systems.

Boeing's stock has soared 123% since the March low. It has risen 7% in 12 months and 3.5% in three.
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Boeing currently ranks as the thirteenth highest rated Dow stock, based on analyst grades. Of researchers covering Boeing, 69% advise purchasing its shares. Gleacher & Co. offers a target of $100, implying 45% of upside. In contrast, HSBC predicts a decline to $63. Boeing's stock trades at a trailing earnings multiple of 16, a forward earnings multiple of 13 and a sales multiple of 0.8, 12%, 13% and 38% peer discounts. It's expensive based on cash flow and book value. Boeing's adjusted fourth-quarter earnings tumbled 38% to $1.11, meeting consensus expectations.

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7. General Electric(GE_) is a conglomerate, with businesses ranging from turbine manufacturing to energy infrastructure.

AIB Allied Irish Banks plc 8.59%

DXCM DexCom, Inc. 8.54%

CGV Compagnie G 8.51%

BSDM BSD Medical Corp. 8.50%

ITI Iteris, Inc. 8.44%

IEC IEC Electronics Corp. 8.41%

MDR McDermott International Inc. 8.39%

USU USEC Inc. 8.30%

CHNR China Natural Resources Inc. 8.16%

AGQ ProShares Ultra Silver 8.13%

MGH Minco Gold Corporation 8.12%

THTI THT Heat Transfer Technology, Inc. 8.08%

AQQ American Spectrum Realty Inc. 8.07%

GBG Great Basin Gold Ltd. 8.02%

RRC Range Resources Corporation 8.00%
agriculture, materials, and pharmaceutical units.

DuPont's stock has rocketed 184% since the March 2009 market low. It has returned 56% in 12 months and 9.4% in three.
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DuPont currently places as researchers' 12th favorite Dow stock, receiving 10 "buy" calls, five "hold" recommendations and no "sell" ratings. Citigroup is bullish, expecting an advance of 22% to $65. Credit Suisse forecasts a more modest increase to $58, ranking DuPont "neutral." DuPont trades at a trailing earnings multiple of 16, a forward earnings multiple of 13, a sales multiple of 1.5 and a cash flow multiple of 11, 25%, 24%, 47% and 23% chemicals industry discounts. Adjusted quarterly earnings rose 14%, beating consensus by 60%.

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3. Bank of America(BAC_) is a financial company, with retail- and commercial-banking units.

Bank of America's stock has more than tripled since the 2009 stock-market low. It has fallen 16% in 12 months, but rallied 18% in three

PLM Polymet Mining Corp. 8.00%

ASTM Aastrom Biosciences, Inc. 7.94%

ENER Energy Conversion Devices, Inc. 7.91%

TRIB Trinity Biotech plc 7.91%
Ford Motor Co.(F)-Share of Ford Motor closed at $15.77 on Friday. Ford (F) will have resistance at $16-$16.36. Ford will now hit the next big resistance level $16.50. Ford continues to be a strong buy between $15,49-$16,24. Ford continues is a strong buy below low $14.This is my long term investment.This is my one top pick for 2010 - 2011.

DRYS DryShips, Inc. 7.84%

HK Petrohawk Energy Corporation 7.71%

CABL China Cablecom Holdings, Ltd. 7.69%

SAPX Seven Arts Pictures plc 7.69%

ONP Orient Paper Inc. 7.69%

VGZ Vista Gold Corp. 7.67%

NBN Northeast Bancorp 7.66%

FPTB First Pactrust Bancorp Inc. 7.57%

PRIM Primoris Services Corporation 7.52%

DROOY DRDGOLD Ltd. 7.43%

LDK LDK Solar Co., Ltd. 7.41%

SEED Origin Agritech Limited 7.40%

TLR Timberline Resources Corp. 7.38%

COG Cabot Oil & Gas Corporation 7.31%

HL Hecla Mining Co. 7.21%

KBX Kimber Resources Inc. 7.21%

VIAS Viasystems Group Inc. 7.20%

DAG PowerShares DB Agriculture Dble Long ETN 7.16%

RIC Richmont Mines Inc. 7.13%

GCC GreenHaven Continuous Commodity Index 7.03%

LOOK LookSmart, Ltd. 6.99%

SVBI Severn Bancorp Inc. 6.86%

MGN Mines Management Inc. 6.86%

DGSE DGSE Companies Inc. 6.82%

GRRF China GrenTech Corp. Ltd. 6.79%

UAG UBS E-TRACS CMCI Agriculture TR ETN 6.73%

KAD Arcadia Resources Inc. 6.72%

MIDD Middleby Corp. 6.70%

FOSL Fossil, Inc. 6.69%

EDGR EDGAR Online Inc. 6.66%

ETRM EnteroMedics, Inc. 6.63%

CCJ Cameco Corp. 6.60%

DCTH Delcath Systems Inc. 6.57%

SF Stifel Financial Corp. 6.55%

GRH GreenHunter Energy, Inc. 6.45%

REE Rare Element Resources Ltd. 6.45%

URG UR-Energy Inc. 6.33%

CHGS China GengSheng Minerals, Inc 6.28%

MOTR Motricity, Inc. 6.26%

CGA China Green Agriculture, Inc. 6.26%

LIVE LiveDeal, Inc. 6.25%

TELK Telik Inc. 6.24%

FFI Fortune Industries, Inc. 6.22%

CDE Coeur d`Alene Mines Corporation 6.19%

CSII Cardiovascular Systems Inc. 6.14%

PKOH Park-Ohio Holdings Corp. 6.07%

RAME RAM Energy Resources, Inc. 6.01%

IIJI Internet Initiative Japan Inc. 6.00%

HCII Homeowners Choice, Inc. 6.00%

MCOX Mecox Lane Limited 5.98%

GMET Geomet, Inc. 5.97%

EMAN eMagin Corp. 5.85%

UCD ProShares Ultra DJ-UBS Commodity 5.81%

XOMA XOMA Ltd. 5.79%

YHOO Yahoo! Inc. 5.75%

EQT EQT Corporation 5.72%

DNN Denison Mines Corp. 5.71%

GKNT Geeknet, Inc. 5.70%

SUSS Susser Holdings Corporation 5.68%

CALM Cal-Maine Foods, Inc. 5.68%

NFEC NF Energy Saving Corp. 5.65%

SLW Silver Wheaton Corp. 5.65%

SYUT Synutra International Inc. 5.63%

ESA Energy Services of America Corporation 5.63%

EDAP EDAP TMS SA 5.62%

GMXR GMX Resources Inc. 5.61%
American Express(AXP_) is a credit-card company, competing with the likes of Visa(V_).

American Express's stock has more than tripled since the 2009 low. It has advanced 12% in 12 months, but fallen 4.6% in three.

American Express places as researchers' ninth least-favorite Dow stock. Of the analysts covering AmEx, 18, or 67%, rate its stock "buy", six rate it "hold" and three rank it "sell." Piper Jaffray offers a target of $62, suggesting a 12-month rise of 44%. Raymond James forecasts a fall of 16% to $36. American Express, undervalued based on its 5.6 cash flow multiple, is fairly valued when considering forward earnings and book value. Its fourth-quarter adjusted earnings jumped 59% to 94 cents, missing analysts' consensus estimate.

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1. Caterpillar(CAT_) makes and sells construction and mining equipment.