Number Cruncher_________________Of note:Charts are at the bottom of the post and they do not look so good.
Until the direction turns around its a downward trend.
......
The first to feel the pinch are investors who trade with a margin account.
"A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops sufficiently, the owner will be asked to either put in more cash, or sell a portion of the stock.."
____________________________________________________________________________________________There’s gold in those earnings revisionsSCOTT ADAMS
From Thursday's Globe and Mail
Posted on Wednesday, January 19, 2011 7:36PM EST
What are we looking for?Strong earnings momentum in the Canadian materials sector.
More about today’s screenWednesday, we looked at what sectors in North America have the strongest earnings momentum as defined by rising earnings estimates. The material sector came away the strongest, so today we’ll look at individual stocks in the sector.
We’ll use StarMine again today. It is a Thomson Reuters service that gathers earnings estimate data from analysts. StarMine measures earnings-revision momentum, which is how much earnings estimates have risen or fallen. We’re looking at earnings estimate revisions over the past 30 and 60 days for the next quarter, next 12 months and two years out.
We’ll restrict the screen to Canadian mid- and large-cap materials names. We’ll sort the results by stocks that have over the past two months seen their earnings revised higher for the next 12 months.
What did we find out?The list is dominated by many precious metals companies.
Take a look at the last column, which shows the “SmartEstimate” for the next 12 months. The SmartEstimate takes into account only analysts who have the most timely and accurate earnings estimate history. In other words, the SmartEstimate puts the most weight on the most accurate analysts.
Many of these companies have huge expectations for profit increases – on top of large profit increases in the past four quarters.
| Canadian materials sector earnings momentum |
| Company | Ticker | Price Change
Last 30 Days
% | Price Change
Last 60 Days
% | Mean Change
% Over Last
30 Days
For EPS
Next Quarter | Mean Change
% Over Last
60 Days
For EPS
Next Qtr. | Mean Change
% Over Last
30 Days For
EPS Next
12 Months | Mean Change
% Over Last
60 Days For
EPS Next
12 Months | Mean Change
% Over Last
30 Days For
EPS In
Two Years | Mean Change
% Over Last
60 Days For
EPS In
Two Years | Net Income
% Change
Last 4
Quarters | No. of Analyst
Recommendations | SmartEstimate
EPS Growth
Next 12 Months |
| Franco-Nevada Corp. | FNV-T | -8.6 | -9.8 | ? | ? | 0.6 | 62.0 | 5.2 | 57.8 | 45.5 | 9 | 137.9 |
| First Majestic Silver Corp. | FR-T | -3.9 | 15.4 | 0.0 | 28.4 | -0.8 | 45.2 | 1.3 | 38.7 | 458.0 | 4 | 115.0 |
| Pan American Silver Corp. | PAA-T | -7.0 | -4.0 | 11.1 | 27.6 | 19.2 | 35.6 | 18.9 | 27.0 | 65.8 | 7 | 142.1 |
| North American Palladium Ltd. | PDL-T | 19.9 | 33.6 | 29.0 | 59.5 | 13.7 | 29.5 | 28.4 | 59.4 | 151.4 | 7 | ? |
| New Gold Inc. | NGD-T | -8.1 | -6.5 | 10.0 | 25.0 | 11.4 | 26.8 | 10.5 | 21.6 | 569.3 | 11 | 70.4 |
| European Goldfields Ltd. | EGU-T | 11.1 | 4.8 | 0.0 | 0.0 | 11.4 | 26.4 | 30.0 | 40.0 | 47.3 | 8 | ? |
| Silver Wheaton Corp. | SLW-T | -13.6 | -7.7 | 16.5 | 24.0 | 16.0 | 25.2 | 17.5 | 17.5 | 106.3 | 11 | 134.4 |
| Dundee Precious Metals | DPM-T | -16.7 | 3.7 | 0.0 | 10.0 | 13.3 | 24.4 | 51.1 | 46.4 | 820.5 | 3 | 160.2 |
| Tahoe Resources Inc. | THO-T | -9.9 | 32.3 | ? | 10.0 | 22.2 | 22.2 | 29.0 | 33.3 | ? | 3 | ? |
| Great Basin Gold Ltd. | GBG-T | -11.4 | -7.9 | 0.0 | 7.9 | 2.1 | 20.2 | 4.1 | 8.1 | -44.8 | 5 | ? |
| Western Coal Corp. | WTN-T | 3.0 | 15.1 | 3.0 | 2.5 | 18.5 | 17.8 | 15.7 | 17.4 | 1767.0 | 8 | 147.2 |
| Kinross Gold Corp. | K-T | -10.7 | -8.4 | 3.7 | 9.8 | 15.7 | 17.2 | 19.5 | 18.0 | 1713.5 | 16 | 35.3 |
| Yamana Gold Inc. | YRI-T | -7.0 | -1.6 | 9.0 | 14.6 | 14.8 | 17.1 | 24.9 | 27.8 | 98.4 | 16 | 67.9 |
| Gammon Gold Inc. | GAM-T | 0.6 | 15.8 | 0.0 | 13.1 | 4.0 | 16.6 | 10.0 | 37.2 | 720.0 | 11 | 131.8 |
| First Quantum Minerals Ltd. | FM-T | 7.7 | 31.5 | 10.8 | 13.7 | 9.4 | 15.9 | 9.1 | 14.8 | -210.4 | 20 | 58.3 |
| Semafo Inc. | SMF-T | -6.9 | -10.5 | 5.0 | 23.3 | 3.3 | 14.4 | 9.3 | 21.9 | 115.0 | 12 | 44.4 |
| Teck Resources Ltd. | TCK.B-T | 9.3 | 26.0 | 3.5 | 3.7 | 9.5 | 12.6 | 13.9 | 20.1 | -45.6 | 18 | 99.8 |
| Centerra Gold Inc. | CG-T | -12.7 | 8.8 | -13.8 | -29.1 | 1.6 | 12.4 | 5.2 | 19.1 | -12.7 | 12 | 10.4 |
| Novagold Resources Inc. | NG-T | -0.4 | -6.5 | ? | ? | -6.1 | 12.1 | -45.0 | -45.0 | -714.9 | 4 | ? |
| Goldcorp 'A' | G-T | -9.7 | -12.9 | 8.6 | 8.6 | 11.6 | 11.6 | 12.4 | 13.4 | 308.5 | 12 | 61.7 |
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_________________________________________________________Thanks for checking out my page. Red Mars............
Why I Trade Penny Stocks - Part 26My current short term combined account goal (RSP & TFSA) is $135,000.
