July 6, 2011, 12:20 am
Companhia Paranaense de Energia (ELP – Analyst Report), also known as COPEL, recently announced that the company has been granted approval for an average tariff adjustment of 5.55% by the National Electric Power Agency (ANEEL), Brazil’s Electricity Regulatory Agency.
The company also added that the tariff adjustment was approved through a resolution 1,158 of June 21, 2011 and includes annual adjustment of 5.77% and (0.22%) related to the relevant financial components. The 5.55% tariff adjustment will have 2.99% average effect on captive consumers.
We believe Brazil’s economic outlook is strongly-favorable for the electric utility company as the country is investing to improve its infrastructure and power generation capabilities. In
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July 5, 2011, 10:33 pm
06-Jul-11 15:40 ET Dow +39.65 at 12609.52, Nasdaq +4.38 at 2830.15, S&P -0.54 at 1337.34
Precious metals extended their respective rallies to a second session, with August gold gaining 1.1% to settle at $1529.00 per ounce, while Sept silver rallied for 1.6% to end at $35.97 per ounce. Despite strength in the dollar, both metals moved higher in light of yesterday afternoon’s news that Moody’s cut Portugal’s debt rating, as well as inflation concerns following a rate hike in China.
It was an uneventful session for August crude oil, which shed 0.3% to close at $96.65 per barrel. Crude spent the session chopping around the unchanged mark, as the market awaits tomorrow’s inventory data, as well as Friday’s jobs data. August natural gas finished lower by 2.7% to $4.22 per MMBtu.
July 5, 2011, 6:34 pm
The market is rallying today on better-than-expected economic news and ahead of Fridays key June jobs report. Futures were pointing towards a strong open after the Automatic Data Processing (ADP) showed June jobs in the U.S.
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July 5, 2011, 1:34 pm
By TEDDY WAYNE, MIKE SACKS and THOMAS NG via NYTimes:
Teddy Wayne is the author of the novel “Kapitoil.” Mike Sacks is on the editorial staff of Vanity Fair and is the author, most recently, of “Your Wildest Dreams, Within Reason.” Thomas Ng is a designer.
July 5, 2011, 1:32 pm
APAC Customer Services Inc. (NASDAQ: APAC) shares were boosted on news that the outsourcing services provider has agreed to be bought by a JPMorgan unit for $470 million. The deal values APAC at $8.55 a share, which is a 57% premium. The stock set a fresh 52-week high of $8.45 and closed at $8.44, on strong volume of 33.25 million shares. (NASDAQ:APAC), (APAC)
Shares of China Auto Logistics Inc. (NASDAQ: CALI) surged more than 78% to close at $2.07 today after the company announced the closing of the sale of 3 million unregistered common shares to accredited individual investors at an above market price of $1.75 a piece, raising a total of $5.25 million. (NASDAQ:CALI), (CALI)
bebe stores Inc. (NASDAQ: BEBE) climbed as high as $8.25, a fresh 52-week high, after the womens apparel retailer reported a 7% to $122.4 million increase in its fourth quarter sales.
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July 5, 2011, 7:42 am
What is the difference between the traders that succeed and those that do not? There is no one answer, but there are a number of elements that work against us as traders. Some of them are:
1. Capital: Under capitalization or external pressure to make money. In this do or die situation traders will often feel that the market must produce regular and consistent profits for them or theyll be put into a financial bind. This introduces trade psychology issues and sets a trader up for failure.
2. Emotions: Failure to learn to control emotion when faced with losses, gains, luck and indecision, which leads to poor decision making.
3. Seeking the Golden System: Failure to stick to one system. Most traders typically take a few losses and then they start trying to change things, tweak things, and then ultimately find something else.
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