American Economic Value Destruction Seen in Wholesale Trade Data

Look closely at the latest Wholesale Trade data, and you’ll find what looks just like inflation. Yet, at the same time, you’ll also note what looks like American demand destruction. But if global demand remains adequate, then prices should not give as we might expect them to. Thus, there will be no counter balance, and life will get harder for Americans and the Middle Class will contract. American economic value is being destroyed, while the emerging world is enriched.

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Relative tickers: NYSE: BA, NYSE: RTN, NYSE: DGI, NYSE: GY, NYSE: GD, NYSE: GR, NYSE: NOC, NYSE: HON, NYSE: LMT, NYSE: COL, NYSE: LLL, NYSE: ERJ, Nasdaq: FLIR, Nasdaq: BEAV, NYSE: TDG, NYSE: SPR, NYSE: CAE, NYSE: ATK, NYSE: HXL, NYSE: TGI, NYSE: ESL, NYSE: MOG-A, NYSE: HEI, NYSE: TDY, NYSE: CW, Nasdaq: CVCO, NYSE: SKY, Nasdaq: NOBH, Nasdaq: PHHM, NYSE: MHK, Nasdaq: IFSIA, NYSE: AIN, NYSE: UFI, NYSE: ITW, NYSE: TYC, NYSE: CMI, NYSE: KUB, NYSE: IR, NYSE: DOV, NYSE: ITT, NYSE: FLS, NYSE: PLL, NYSE: DRC, NYSE: SPW, NYSE: GDI, NYSE: IEX, Nasdaq: NDSN, NYSE: GGG, NYSE: ATU, Nasdaq: MIDD, NYSE: ABB, NYSE: ETN, NYSE: NJ, NYSE: ROK, NYSE: AME, NYSE: RBC, NYSE: TMB, Nasdaq: WGOV, NYSE: CAT, NYSE: DE, NYSE: CNH, Nasdaq: JOYG, Nasdaq: BUCY, Nasdaq: AGCO, NYSE: EMR, NYSE: PH, NYSE: ROP, NYSE: PNR, NYSE: WM, NYSE: RSG, Nasdaq: FAST, NYSE: VMC, NYSE: MDU, NYSE: MLM, NYSE: OC, NYSE: VAL, NYSE: PCP, NYSE: X, NYSE: RS, NYSE: NVR, NYSE: DHI, NYSE: PHM, NYSE: TOL, NYSE: HOV, NYSE: CRH, NYSE: CX, NYSE: EXP, NYSE: FLR, NYSE: MDR, Nasdaq: FWLT, NYSE: ICA, NYSE: SWK, NYSE: TKR, NYSE: KMT, NYSE: LUK, NYSE: MAS, NYSE: WY, NYSE: PWR, NYSE: CBI, NYSE: EME, NYSE: SNA, NYSE: TTC, NYSE: GM, NYSE: F

American Economic Value Destruction Seen in Wholesale Trade Data

The U.S. Census Bureau reported the latest Wholesale Trade data covering the month of March. It showed a 1.1% increase in Wholesale Inventories, which was about in line with the 1.0% forecast by economists surveyed at Bloomberg. Wholesalers’ Sales rose 2.9%, which was even more impressive when considering that February sales were revised higher. March’s burst in sales against slower inventory growth led the inventory-to-sales ratio to improve to 1.13, from 1.16 in February. But closer inspection offers a less than sanguine perspective.

The change to February sales took its decline from -0.8%, up to a decline still of -0.3%. We speculate that February’s relative sales weakness was likely weather hampered. The rough winter, especially for the Northeast and Midwest, affected the economy in a significant way. We saw its affects across small business, as evidenced by decline in the NFIB Small Business Optimism Index, which continued that trend in April. But I also saw anecdotal evidence of trouble, as small businesses I survey were strangling this winter, and that ranged from bars and restaurants to hair salons and art galleries.

The harsh winter weather certainly hampered whatever slim construction activity that may have been scheduled for February. Perhaps that’s why sales of lumber and other construction materials climbed 7.3% in March. Certainly high ticket durable goods played a role in the March expansion, as durables sales climbed 2.3%.

Meanwhile, price increase across commodities definitely drove sales gains. An example of this can be seen in the 6.7% increase in sales of metals and minerals. Sales of petroleum and related products increased 7.9%, obviously on the rise in oil prices. Chemicals and allied products, which are tied to petroleum, saw sales increase of 6.3%.

The automotive sector was basically the only soft spot within the report, reporting wholesale sales down 1.4%. Yet, this should not be a surprise either, considering that as gasoline gets expensive, demand should lessen for gas guzzlers.

Nondurables sales increased 3.4%, driven by gains in drugs (+1.4%), apparel (+1.4%), groceries (+2.3%) and farm products (+1.7%). Those last two lead one to worry about price rise, and then we think about the reported increases in apparel prices at several retailers as well. We’ve seen consumer staple companies complain about margin squeeze for months now, and finally we’re seeing them pass through price pressures to consumers (reference Kimberly-Clark (NYSE: KMB) for just one).

Within inventory changes, we noted a 3.9% decrease in Computer and Computer Peripheral Equipment and Software. This is not a good sign for business investment, and neither is the slim 0.4% increase in durable goods inventories. Automotive inventories were down 0.5%. Excluding the food, petroleum and commodity related industries, we note drug inventories increased 3.0%. As you might imagine, all others were up significantly. Nondurable goods inventories in aggregate rose 2.0%.

Folks, if it looks like inflation, walks and talks like inflation and smells like inflation, then it’s probably inflation. This report stinks of inflation and demand destruction at the same time, and therefore fits the puzzle characterizing today’s American economy. Increasing emerging market demand for goods and services is raising prices for goods, while not necessarily raising the financial well being of Americans. What I’m seeing is economic value destruction of American wealth. We had better figure out quickly how to better benefit from emerging world development, because as American companies benefit from the leverage of their expertise overseas, that is not in turn employing enough Americans. Thus, the middle class we’ve grown so proud of may soon begin to contract.



This article should interest investors in Boeing (NYSE: BA), Raytheon (NYSE: RTN), Digital Globe (NYSE: DGI), GenCorp (NYSE: GY), General Dynamics (NYSE: GD), Goodrich (NYSE: GR), Northrop Grumman (NYSE: NOC), Honeywell (NYSE: HON), Lockheed Martin (NYSE: LMT), Rockwell Collins (NYSE: COL), L-3 Communications (NYSE: LLL), EMBRAER (NYSE: ERJ), FLIR Systems (Nasdaq: FLIR), BE Aerospace (Nasdaq: BEAV), TransDigm (NYSE: TDG), Spirit Aerosystems (NYSE: SPR), CAE (NYSE: CAE), Alliant Techsystems (NYSE: ATK), Hexcel (NYSE: HXL), Triumph Group (NYSE: TGI), Esterline Technologies (NYSE: ESL), Moog (NYSE: MOG-A), Heico (NYSE: HEI), Teledyne (NYSE: TDY), Curtiss-Wright (NYSE: CW), Cavco (Nasdaq: CVCO), Skyline (NYSE: SKY), Nobility Homes (Nasdaq: NOBH), Palm Harbor Homes (Nasdaq: PHHM), Mohawk Industries (NYSE: MHK), Interface (Nasdaq: IFSIA), Albany International (NYSE: AIN), Unifi (NYSE: UFI), Illinois Tool Works (NYSE: ITW), Tyco International (NYSE: TYC), Cummins (NYSE: CMI), Kubota (NYSE: KUB), Ingersoll-Rand (NYSE: IR), Dover (NYSE: DOV), ITT Corp. (NYSE: ITT), Flowserve (NYSE: FLS), Pall (NYSE: PLL), Dresser-Rand (NYSE: DRC), SPX (NYSE: SPW), Gardner Denver (NYSE: GDI), IDEX (NYSE: IEX), Nordson (Nasdaq: NDSN), Graco (NYSE: GGG), Actuant (NYSE: ATU), Middleby (Nasdaq: MIDD), ABB (NYSE: ABB), Eaton (NYSE: ETN), Nidec (NYSE: NJ), Rockwell Automation (NYSE: ROK), Ametek (NYSE: AME), Regal Beloit (NYSE: RBC), Thomas & Betts (NYSE: TMB), Woodward Governor (Nasdaq: WGOV), Caterpillar (NYSE: CAT), Deere (NYSE: DE), CNH (NYSE: CNH), Joy Global (Nasdaq: JOYG), Bucyrus (Nasdaq: BUCY), Agco (Nasdaq: AGCO), Emerson Electric (NYSE: EMR), Parker Hannifin (NYSE: PH), Roper Industries (NYSE: ROP), Pentair (NYSE: PNR), Waste Management (NYSE: WM), Republic Services (NYSE: RSG), Fastenal (Nasdaq: FAST), Vulcan Materials (NYSE: VMC), MDU Resources (NYSE: MDU), Martin Marietta Materials (NYSE: MLM), Owens Corning (NYSE: OC), Valspar (NYSE: VAL), Precision Castparts (NYSE: PCP), United States Steel (NYSE: X), Reliance Steel (NYSE: RS), NVR (NYSE: NVR), DR Horton (NYSE: DHI), Pulte (NYSE: PHM), Toll Brothers (NYSE: TOL), Hovnanian (NYSE: HOV), CRH (NYSE: CRH), CEMEX (NYSE: CX), Eagle Materials (NYSE: EXP), Fluor (NYSE: FLR), McDermott International (NYSE: MDR), Foster Wheeler (Nasdaq: FWLT), Empresas ICA (NYSE: ICA), Stanley Black & Decker (NYSE: SWK), Timken (NYSE: TKR), Kennametal (NYSE: KMT), Leucadia National (NYSE: LUK), Masco (NYSE: MAS), Weyerhaeuser (NYSE: WY), Quanta Services (NYSE: PWR), Chicago Bridge & Iron (NYSE: CBI), EMCOR (NYSE: EME), Snap-on (NYSE: SNA), Toro (NYSE: TTC), GM (NYSE: GM) and Ford (NYSE: F).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Stock Upgrades Downgrades – CPN COLB LPX MR KWK ROSE VIA AEO DIOD GEN NNBR PANL

Analyst Actions for May 10

The day’s upgrades and downgrades were highlighted by big stock moves at Universal Panel, Diodes and Mindray Medical. Find all the day's stock upgrades and downgrades here below.

Relative Tickers: NYSE: CPN, Nasdaq: COLB, NYSE: LPX, NYSE: MR, NYSE: KWK, Nasdaq: ROSE, NYSE: VIA, NYSE: VIA-B, NYSE: AEO, Nasdaq: DIOD, NYSE: GEN, Nasdaq: NNBR, Nasdaq: PANL, NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: NYX, NYSE: ICE, Nasdaq: NDAQ

Upgrades and Downgrades – CPN COLB LPX MR KWK ROSE VIA, AEO DIOD GEN NNBR PANL

Upgrades:

Calpine
Calpine (NYSE: CPN) upgraded by Dahlman Rose to BUY from Hold. CPN shares were up less than a percent on the analyst action. Volume was about average for the day. CPN shares are just 50 cents or so short of their 52-week high.

Columbia Banking
Columbia Banking (Nasdaq: COLB) was upgraded to BUY from Hold by McAdams Wright Ragen. COLB shares were up more than 2% through midday on about twice average volume. COLB shares are trading about in the middle of their 52-week range.

Louisiana Pacific
Louisiana Pacific (NYSE: LPX) shares were upgraded to BUY from Neutral by DA Davidson. LPX shares were down more than a percentage point in the day’s trade despite the upgrade. LPX shares were trading at about twice average volume and lean closer to their 52-week low than high currently.

Mindray Medical
Mindray Medical (NYSE: MR) upgraded today to OUTPERFORM from Perform by Oppenheimer. MR shares were up more than 10% at publishing here on near 3 times average volume. The company also reported earnings this morning, noting exceptional revenue growth. The stock is at the center of its 52-week range.

Quicksilver Resources
Quicksilver Resources (NYSE: KWK) was upgraded today to BUY from Neutral by Global Hunter Securities. KWK shares were nearing average volume today, while up 1.5%. The stock is closer to the top of its 52-week range.

Rosetta Resources
Rosetta Resources (Nasdaq: ROSE) was upgraded today to BUY from Hold by Wunderlich. The stock is down 1.9%, after leading market gainers yesterday. The shares set their 52-week high yesterday, and were trading at slightly higher volume than average today, with several hours to go.

Viacom
Viacom (NYSE: VIA, NYSE: VIA-B) B shares were upgraded today to BUY from Hold by Argus. The shares were up less than a percentage, while common shares traded near 2% higher. Volume on the B shares was about half normal through 1:30 PM. Volume on common shares was above normal, and those shares were at their 52-week high.

Downgrades:

American Eagle Outfitters
American Eagle Outfitters (NYSE: AEO) shares were downgraded to NEUTRAL from Buy by Janney Montgomery Scott. AEO shares were down about a percentage point on about average volume. The shares were trading at about the center of their 52-week range.

Diodes
Diodes (Nasdaq: DIOD) was downgraded to MARKET PERFORM from Outperform by BMO Capital Markets. DIOD shares were down near 10% on more than twice average volume. The stock was still trading near its 52-week high. The company posted results yesterday.

GenOn Energy
GenOn Energy (NYSE: GEN) shares were downgraded to HOLD from Buy by Dahlman Rose. The stock was down about a half of a percentage point on less than average volume. GEN is trading closer to its 52-week low.

NN Inc.
NN Inc. (Nasdaq: NNBR) was downgraded to HOLD from Buy at KeyBanc Capital Markets. NNBR shares were down about a percentage point, but still far closer to their 52-week high. Volume was a bit more than average.

Universal Panel
Universal Panel (Nasdaq: PANL) was downgraded to HOLD from Buy at Canaccord Genuity. PANL shares were down 18% on four times normal volume. The stock was still in the upper third of its 52-week trading range.



Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Business News Highlights - Economy Stocks Commodities Forex

Today's Coffee

Today's business news highlights covers all the day's market moving news, including every U.S. government economic release, other economic reports, global economic activities, commodity market news, corporate earnings, political factors, other news drivers and more.

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Relative tickers include Nasdaq: MSFT, Nasdaq: SHLD, NYSE: DIS, Nasdaq: ACMR, Nasdaq: ACAD, Nasdaq: ACFN, Nasdaq: ACTS, AMEX: ADK, Nasdaq: AEY, Nasdaq: AVCA, NYSE: ARX, Nasdaq: ATSG, Nasdaq: ALCO, Nasdaq: AHCI, Nasdaq: ALTH, Nasdaq: AMRN, NYSE: AAT, Nasdaq: APEI, AMEX: AMS, Nasdaq: ASYS, NYSE: ARI, Nasdaq: AERG, Nasdaq: ARNA, Nasdaq: ASFI, Nasdaq: AVTR, AMEX: BLD, Nasdaq: BPAX, Nasdaq: BSTC, Nasdaq: BCON, NYSE: BKH, Nasdaq: BFLY, NYSE: BPT, Nasdaq: BBRG, Nasdaq: BBEP, NYSE: BRS, NYSE: BR, NYSE: BKD, NYSE: ABCD, NYSE: CT, Nasdaq: CFFN, Nasdaq: CRDC, Nasdaq: CRZO, Nasdaq: CKEC, Nasdaq: TAST, Nasdaq: CHKM, Nasdaq: CBPO, Nasdaq: CHOP, Nasdaq: CNIT, Nasdaq: HTHT, NYSE: MY, Nasdaq: CMFO, Nasdaq: CHNG, Nasdaq: CAST, Nasdaq: CVVT, NYSE: DF, Nasdaq: ESIO, Nasdaq: ENER, NYSE: SSP, Nasdaq: FOSL, Nasdaq: FTEK, NYSE: GCA, Nasdaq: HELE, Nasdaq: HCII, Nasdaq: IPSU, NYSE: IFF, Nasdaq: JASO, Nasdaq: JRCC, Nasdaq: LTRE, NYSE: MDR, NYSE: MCP, Nasdaq: ORCC, Nasdaq: PTRY, Nasdaq: PIKE, Nasdaq: PSEC, Nasdaq: RMCF, Nasdaq: SGMS, Nasdaq: TWER, Nasdaq: VRML, AMEX: VGZ, NYSE: WEN, Nasdaq: YONG, NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: NYX, NYSE: ICE, Nasdaq: NDAQ and more.

Business News Highlights - Economy Stocks Commodities Forex

U.S. China Summit

It’s day two for the U.S. China Strategic and Economic Dialogue. Later today these two most important nations will have a news conference to discuss the progress and results of their meetings. Please find here the Treasury Department’s published insight into what the U.S. might like to result from the meetings.

Small Business Optimism

The National Federation of Independent Business (NFIB), a small business organization, published its Small Business Optimism Index for April this morning. The latest reading showed a slight slip in April, with the index dropping to 91.2, from 91.9 in March (which was down from 94.5 in February). Small businesses expressed significantly lower interest in hiring in April, and so the NFIB speculates that the Labor Department’s data for the month might better reflect larger firms, and not the driver of the US economy, small business. Bill Dunkelberg, the NFIB’s Chief Economist, pointed to likely suspects in global geopolitical uncertainty, US government debt concerns, inflation and especially gasoline price rise.

Import / Export Prices Index

The latest tally of change in Import and Export Prices showed significant increase for both. The April measurement showed export prices increased 1.1% on a month-over-month basis and 9.6% year-to-year. Import prices also increased, jumping 2.2% month-to-month and 11.1% year-to-year. Increasing fuel prices and creeping inflation, in my view, contributed to April’s increases.

Greece Crisis Part II

Wild happenings around the Greek issue have contributed in reigniting trouble in its fixed income offerings. Last week, the same German rag of a publication that wrongly said Greece would sell the Acropolis, speculated irresponsibly that Greece was considering exiting the euro zone. Meanwhile, S&P cut its ratings for Greece’s many debt instruments. As a result, Greek debt yields have taken to greater heights, raising the nation’s cost of borrowing and its interest payments, and increasing the likelihood of default. The Greek PM has called a cabinet meeting, while the EU/IMF have already been reviewing the Greek fiscal state. Greece denied today that it was discussing a new 60 billion euro bailout with international lenders. Greece is awaiting the next tranche of aid from the EU, but the inspection process must conclude first.

Commodity Round Up (Oil, Gas, Gold, Silver)

At 10:39 this morning, the nearest WTI Crude Futures contract marked $102.78, which is up just fractionally for the day. The American Petroleum Institute published a report earlier, and in anticipation of the report showing expectations for higher crude oil inventory build, oil backtracked from a three-day period gain. Oil has steadied since the capture of Osama Bin Laden started a terror premium unraveling, perhaps just as vengeance is intensifying actual terror risk. The market has been celebrating the cutting off of the snake's head, and the recovery of important organizational data about al-Qaeda. Crude oil is currently above the upper limit of the average range for this time of year.

Gasoline, which is below the upper limit of the average range, saw RBOB Futures increase 2.8% this morning. It’s likely that a NATO bombing raid on Tripoli is driving renewed gasoline concerns, as a desperate Gaddafi might set his oil assets on fire in a last ditch strike against the west.

Gold and silver were both up this morning, with Gold Futures indicated up about a percentage point to $1516 an ounce. Silver, which had tanked after perhaps being overextended, was up 3.6% this morning on renewed speculation ($38.465 / oz.)

Weekly Same-Store Sales

The latest weekly retail same-store sales data from the International Council of Shopping Centers (ICSC) and Redbook were published this morning. The data covering the period ending May 7 showed no change on a week-to-week basis. ICSC’s measure of year-to-year change showed 2.7% growth, while Redbook’s measure of the same period showed a 4.7% increase.

Wholesale Trade Data

The latest Wholesale Trade data was reported for the month of March. It showed a 1.1% increase in Wholesale Inventories (in line with 1.0% forecast by economists), while Wholesalers’ Sales rose 2.9%. This perhaps marked an adjustment from a weak sales result in February, which was likely weather hampered. The inventory-to-sales ratio improved to 1.13, from 1.16 in February.

Dollar Trading

The dollar is giving back ground today, after getting a great lift from the Bin Laden capture. Focus is now returning to US fiscal woes, its budget concerns, debt ceiling deadline, sovereign ratings threat and still vulnerable American economy. The only thing it seems to have going for it today is that the euro is equally threatened.

D.C. Doings

Fed Speak
Two Fed speakers find microphones Tuesday, including Elizabeth Duke in the morning and Jeffrey Lacker during the lunch hour.

SEC Money-Market Fund Systemic Risk
The Securities and Exchange Commission (SEC) is holding a talk on money-market funds and systemic risks.

Financial Crisis Final Review
The Senate Banking Committee takes a look at the last report of the Financial Crisis Inquiry Commission. I suppose this means to say it’s officially safe to trust people again until the next drubbing?

Corporate Highlights

Microsoft (Nasdaq: MSFT) is buying Skype for $8.6 billion. Skype has traded hands several times over the last six years, and the price tag has about doubled since its founders gave it up in 2004. MSFT shares are 1.3% lower at this hour, as Skype let down eBay (Nasdaq: EBAY); investors wonder what value it might add to Microsoft.

News broke that Sears (Nasdaq: SHLD) might leave Chicago, where its iconic tower dominates the skyline. Apparently, Sears is being wooed by tax break opportunities in several other states. The result might lead Illinois to give Sears some sort of incentive to stay, that being besides the cost of moving.

Catch shareholder and analyst meetings at Jack Henry (Nasdaq: JKHY), Sprint Nextel (NYSE: S) and Progress Software (Nasdaq: PRGS). RLJ Lodging Trust and Kosmos Energy are expected to price their IPOs today.

The day’s EPS schedule highlights reports from Walt Disney (NYSE: DIS), A.C. Moore (Nasdaq: ACMR), Acadia Pharmaceuticals (Nasdaq: ACAD), Acorn Energy (Nasdaq: ACFN), Actions Semi (Nasdaq: ACTS), AdCare Health (AMEX: ADK), ADDvantage Technologies (Nasdaq: AEY), AdvoCat (Nasdaq: AVCA), Aeroflex (NYSE: ARX), Air Transport Services (Nasdaq: ATSG), Alico (Nasdaq: ALCO), Allied Healthcare (Nasdaq: AHCI), Allos Therapeutics (Nasdaq: ALTH), Amerin (Nasdaq: AMRN), American Assets (NYSE: AAT), American Public Education (Nasdaq: APEI), American Shared Hospital (AMEX: AMS), Amtech (Nasdaq: ASYS), Apollo Commercial Real Estate (NYSE: ARI), Applied Energetics (Nasdaq: AERG), Arena Pharma (Nasdaq: ARNA), Asta Funding (Nasdaq: ASFI), Avatar (Nasdaq: AVTR), Baldwin (AMEX: BLD), Biosante Pharma (Nasdaq: BPAX), Biospecifics (Nasdaq: BSTC), Beacon Power (Nasdaq: BCON), Black Hills (NYSE: BKH), BlueFly (Nasdaq: BFLY), BP Prudhoe Bay (NYSE: BPT), Bravo Brio (Nasdaq: BBRG), Breitburn Energy (Nasdaq: BBEP), Bristow (NYSE: BRS), Broadridge Financial (NYSE: BR), Brookdale Senior Living (NYSE: BKD), Cambium Learning (NYSE: ABCD), Capital Trust (NYSE: CT), Capitol Federal (Nasdaq: CFFN), Cardica (Nasdaq: CRDC), Carrizo Oil (Nasdaq: CRZO), Carmike Cinemas (Nasdaq: CKEC), Carrol’s (Nasdaq: TAST), Cheasapeake Midstream (Nasdaq: CHKM), China Biologic (Nasdaq: CBPO), China Gerui (Nasdaq: CHOP), China Information Technology (Nasdaq: CNIT), China Lodging (Nasdaq: HTHT), China Ming Yang Wind (NYSE: MY), China Marine Food (Nasdaq: CMFO), China Natural Gas (Nasdaq: CHNG), ChinaCast Education (Nasdaq: CAST), China Valves (Nasdaq: CVVT), Dean Foods (NYSE: DF), Electro Scientific (Nasdaq: ESIO), Energy Conversion Devices (Nasdaq: ENER), EW Scripps (NYSE: SSP), Fossil (Nasdaq: FOSL), Fuel Tech (Nasdaq: FTEK), Global Cash Access (NYSE: GCA), Helen of Troy (Nasdaq: HELE), Homeowners Choice (Nasdaq: HCII), Imperial Sugar (Nasdaq: IPSU), International Flavors & Fragrances (NYSE: IFF), JA Solar (Nasdaq: JASO), James River Coal (Nasdaq: JRCC), Learning Tree (Nasdaq: LTRE), McDermott International (NYSE: MDR), Molycorp (NYSE: MCP), Online Resources (Nasdaq: ORCC), Pantry (Nasdaq: PTRY), Pike Electric (Nasdaq: PIKE), Prospect Capital (Nasdaq: PSEC), Rocky Mountain Chocolate (Nasdaq: RMCF), Scientific Games (Nasdaq: SGMS), Towerstream (Nasdaq: TWER), Vermillion (Nasdaq: VRML), Vista Gold (AMEX: VGZ), Wendy’s/ Arby’s (NYSE: WEN), Yongye (Nasdaq: YONG) and others.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.