Friday, September 23, 2011

LargeCap Stocks to Keep an Eye on Today

LargeCap Stocks to Keep an Eye on TodayTomahawk, WI 9/23/2011 (PennyPayDay) – San Jose, Calif.-based networking chipmaker Cavium lowered its revenue outlook, citing weak enterprise and software services demand.

The company now expects a sequential decline in revenue for its fiscal third quarter of 4% to 6% from its second-quarter total of $71.6 million. That implies revenue ranging from $67.3 million to $68.7 million for the three months ending in September. The current average estimate of analysts polled by Thomson Reuters is for revenue of $73.4 million.

Shares were plummeting 12.7% to $27.24.

Silvercorp Metals was plunging 7.3% to $6.32 in premarket trading Friday ahead of the silver miner's annual meeting at 1 p.m. EDT. Shares have been tumbling amid what the company said have been attacks by "a group of well-organized and well-planned illegal short-sellers trying to profit by manipulating Silvercorp's share price with false and selective statements, fabrications and rumors" over the last two weeks.

Silvercorp said it has appointed an independent committee of its board to investigate the allegations.

Separately on Thursday, the company said it repurchased about $35 million worth of shares.

Nike sprinted past Wall Street's profit expectations for its fiscal first quarter as revenue grew 18% year over year, thanks to robust global demand.

The Beaverton, Ore.-based maker of athletic footwear and apparel reported earnings of $645 million, or $1.36 a share, with revenue totaling $6.08 billion. The performance was well ahead of the average estimate of analysts polled by Thomson Reuters for earnings of $1.21 a share in the period on revenue of $5.75 billion.

Shares were gaining 4.7% to $88.15.

Mining giants Rio Tinto and BHP Billiton were falling in premarket trading as global iron ore prices threaten their first, four-year drop since 1982, as supplies mount.

Rio Tinto shares were tumbling 3.2% to $44.58 and BHP Billiton was slumping 2.4% to $65.64.

Tibco Software posted non-GAAP earnings of $39.4 million, or 23 cents a share, on revenue of $229 million for the fiscal third quarter. The average estimate of analysts polled by Thomson Reuters was for a profit of 21 cents a share in the quarter on revenue of $220 million.

Strong growth in licensing revenue led to the solid upside profit surprise in the company's third quarter.

Shares were adding 2.3% to $21.45.

After two days of rumor and speculation, Hewlett-Packard unveiled Meg Whitman, the former head of eBay, as the company's new CEO, ending Leo Apotheker's brief but turbulent spell in the company's hot seat.

The No. 1 PC maker confirmed Apotheker's ouster and Whitman's appointment in a statement released after markets closed on Thursday.

HP shares were down 1.5% to $22.45.

McDonald's said it is returning even more cash to shareholders, boosting its dividend by 15%. The Dow component said its board has approved lifting its quarterly payout to 70 cents a share from 61 cents, payable on Dec. 15 to shareholders of record on Dec. 1.

The higher dividend, which will total about $700 million per quarter, represents a forward annual yield of 3.2% based on Thursday's closing price of $85.99.

Shares were down 0.3% to $85.75.

Homebuilder KB Home reported a third-quarter loss of 13 cents a share vs. the average analyst estimate of loss of 19 cents a share. Shares were unchanged at $5.72.

Cintas, the maker of specialized products and services to all types of businesses, reported first-quarter profit of 52 cents a share vs. the average analyst estimate of 47 cents a share.

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Thursday, September 22, 2011

Consumer Electronic Stock Nyxio (OTC: NYXO ): Stock Continues Yesterday’s Gains in Early Trading

Consumer Electronic Stock Nyxio (OTC: NYXO ): Stock Continues Yesterday’s Gains in Early TradingNorthern, WI, September 22, 2011 - (PennyPayDay), Investor Ideas, a global investor research portal for independent investors, issues a trading alert for Consumer Electronic Company Nyxio Technologies Corporation (OTC: NYXO). The stock traded up in yesterday’s trading session on news and is continuing with strong moves this morning in the first hour of trading.

The stock is trading at $0.93, up 0.1080 (13.14%), trading as high as $0.095.

The stock first gained investor attention as a competitor in the fast growing Smart TV/Connected market, predicted to have explosive growth over the next few years,

The Company announced yesterday its latest product line on the market—the OMEGA tablets. The fully functioning, sleek and compact Windows 7 operating system tablet PCs are compatible with all forms of media, gaming and social networking.

“The new Nyxio OMEGA PCs are compact, stylish and professional”
.“The new Nyxio OMEGA PCs are compact, stylish and professional,” said Giorgio Johnson, founder and CEO of Nyxio. “Their versatility makes them the optimal choice for a multitude of users and the tablet’s progressive features make them stand out from other brands on the market.”

All three tablets in the OMEGA line—the Classic, Premier and Ultimate—feature Windows 7. The OMEGA Ultimate tablet also features a dual Win 7 and Android OS, and all tablets feature BlueStacks, which makes android apps compatible with the tablets. Integrated components also include Wi-Fi, Bluetooth, webcam and 3G. The touch-screen navigation enables users to move through applications and features easily. The optional keyboard case creates added protection and seamless transition when working, traveling or commuting. Currently, the OMEGA tablet line is available online at www.nyxio.com and pricing begins at $699.




Learn more about Smart TV’s - Showcase Smart TV Stock
Emerging player - Nyxio Technologies Corporation (OTC: NYXO)

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Nyxio Technologies (OTC: NYXO) was established in 2007 to deliver high-quality, cutting-edge products to the consumer electronics industry. Nyxio identifies gaps in the market and develops creative products to fill those voids, such as with the world's first integrated flat screen TV and full PC, the VioSphere Smart TV. In addition, by consolidating key hardware into more efficient devices, Nyxio not only reduces the overall environmental footprint of end users, but keeps products reasonably priced. Headquartered in Portland, OR, Nyxio Technologies is a publicly traded company with more than 15 knowledgeable employees. For more information visit: www.nyxio.com.

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Asian Stocks Tumble After Fed Decision

Asian Stocks Tumble After Fed DecisionTomahawk, WI 9/22/2011 (PennyPayDay) – Asian stock markets tumbled on Thursday after the U.S. Federal Reserve warned of major risks to economic growth and HSBC's China Flash PMI survey showed factory sector contracted for a third consecutive month in September.

U.S. stocks suffered their worst drop in a month overnight after the Fed's cautious comments, driving investors to buy the U.S. dollar as a safe haven. Several Asian currencies slumped to multi-month lows against the dollar and commodities extended losses as investors fretted about deteriorating global growth outlook. The Fed's announcement of a $400 billion long-term debt purchase plan failed to impress investors, as it had already been priced in by markets.

Tokyo stocks fell sharply, with the Nikkei average shedding 2.1 percent, as traders were skeptical about the effectiveness of Operation Twist that the Fed announced to support a stronger economic recovery. The broader Topix index fell 1.7 percent. China-sensitive shares like Komatsu and Hitachi Construction Machinery fell around 4 percent each, spurred by data showing a further slowdown in China's manufacturing sector. Softbank, the sole seller of Apple Inc.'s iPhones in Japan, plunged 12.3 percent on reports that mobile phone carrier KDDI Corp. is in talks with Apple to sell the next-generation iPhone 5 in Japan.

Financials such as Sumitomo Mitsui Financial Group and Mizuho Financial Group ended down about 1.8 percent each, Mitsubishi UFJ Financial Group fell 1.5 percent, brokerage Nomura Holdings plummeted 4.7 percent and Daiwa Securities Group tumbled 4.4 percent, mirroring falls in their U.S. counterparts overnight following a credit rating downgrade of three top U.S. banks by Moody's. A weaker euro dragged down export-related shares, with Honda Motor leading the losses, falling 3.9 percent. Nippon Steel fell 3.8 percent and Sumitomo Metal Industries shed 2.4 percent after the companies announced the exchange ratio for their merger.

China's Shanghai Composite index fell 2.8 percent on concerns over a slowing domestic economy after the survey by Markit Economics showed that China's manufacturing sector contracted for a third month running in September, with both production and new orders declining during the month.

The flash HSBC manufacturing purchasing managers' index, or PMI, fell slightly to 49.4 in September from 49.9 in August, with a PMI reading below 50 indicating contraction of the sector. Hong Kong's Hang Seng index plunged a whopping 4.9 percent to its lowest level since July 2009, dragged down by energy shares and property developers on heightened fears over the global economy.

The Australian market fell to its lowest level in more than two years after the Fed painted a grim picture of the struggling American economy. Both the benchmark S&P/ASX 200 and the broader All Ordinaries index lost about 2.6 percent each to end at their lowest levels since July 2009. Banks bore the brunt of the selling with Westpac, ANZ, Commonwealth and NAB losing 2-3 percent. Investment bank Macquarie fared worse, ending down 3.8 percent.

Big miner BHP Billiton tumbled 4 percent, while rival Rio Tinto and Fortescue plummeted over 6 percent each. Oil & gas giant Woodside lost 3.4 percent, Santos fell 3.2 percent and Oil Search slumped 4 percent. Shares of Fosters climbed 7.6 percent after SABMiller said it would complete the takeover of Australian beer giant before the end of 2011. Likewise, Oroton soared 7 percent after the luxury accessories retailer reported a better-than-expected 8 percent rise in annual profit.

South Korea's Kospi average slumped 2.9 percent as the Federal Reserve's assessment that there are significant downside risks to the economic outlook and Moody's downgrading of the debts of U.S. banks spooked investors. The downbeat manufacturing data from China, the engine room of global growth in recent years, also deepened concerns about the world's economic growth outlook.

The local currency skidded to multi-month lows to close at 1179.8 won per dollar, down nearly 2.6 percent from Wednesday's close. The South Korean economy could grow 3.6 percent in 2012, down from 3.8 percent growth estimated for this year, as global economic uncertainties affect exports, the Yonhap News said, citing a report published by a private think tank, the LG Economic Research Institute.

Major banks such as KB Financial Group and Hana Financial Group lost over 5 percent each, steelmaker POSCO tumbled 4.3 percent, heavyweight Samsung Electronics fell 2.8 percent and automaker Hyundai Motor shed 1.9 percent. STX Engine bucked the declining trend to close 2.8 percent higher on a report of an impending order worth 800 billion won from Iraq.

The New Zealand market bucked the downward trend in the region to end marginally higher, as a weaker kiwi dollar and Fonterra Cooperative Group's record sales, profit and and payout to farmers offset negative reaction to Fed statement indicating "significant downside risks" to the world's largest economy.

Meanwhile, the nation's gross domestic product increased just 0.1 percent in the June 2011 quarter compared to an upwardly revised 0.9 percent growth in the preceding quarter, Statistics NZ said today, sending the local currency to a four-month low against its U.S. counterpart and reinforcing the case for central bank governor Alan Bollard to keep interest rates low until 2012.

The benchmark NZX-50 closed 0.1 percent higher, reversing early losses, with exporter Fisher & Paykel Healthcare leading the gainers. Shares of the breathing mask and respirator manufacturer climbed 3.5 percent, while Vital Healthcare Property Trust, specialist investor in medical properties, rose 2.7 percent and Telecom, the nation's biggest telephone company, gained 1.5 percent. Restaurant Brands led the decliners on the exchange, falling 4.6 percent after the fast-food franchise operator earlier this week reported a 6.5 percent decline in second-quarter sales.

Elsewhere, India's Sensex was last trading down 3.4 percent, Indonesia's Jakarta Composite index was down nearly 9 percent, Malaysia's KLSE fell 2.2 percent, Singapore's Straits Times was losing 2.7 percent and the Taiwan Weighted ended down 3.1 percent.

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European Markets Plunge On Fed Economic Outlook

European Markets Plunge On Fed Economic OutlookShawshank, VA 9/22/2011 (PennyPayDay) – The European markets are firmly in negative territory in afternoon trading Thursday, as markets across the globe reacted in panic to the comments from the U.S. Federal Reserve that raised concerns about the recovery of the world's largest economy. Asian markets plunged and U.S. index futures are lower. Carmakers, mining stocks and banks are notably lower.

As expected, the Fed, at the end of its two-day meeting, Wednesday announced the replacing of short-term securities in its bond portfolio with longer-term securities. "This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative," the Fed said.

However, the central bank also noted that economic growth remains slow and warned that there are significant downside risks to the economic outlook.

Additionally, Moody's Investors Service downgraded long-term ratings of U.S. lenders Bank of America and Wells Fargo, while reducing the short-term ratings of Citigroup Inc., due to a decrease in the probability that the U.S. government would support the lenders, if needed.

Meanwhile, Greece has announced a fresh package of austerity measures for securing further bailout funds to weather its debt crisis that threatens the Eurozone country with default. Cutting high pensions by 20 percent in the public-sector and placing 30,000 civil servants in a "labor reserve" on road to redundancy were among the tough measures agreed at a marathon Cabinet meeting chaired by Prime Minister George Papandreou late on Wednesday.

The Euro Stoxx 50 index of eurozone bluechip stocks is retreating 4.62 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is falling 4.03 percent. The German DAX is retreating 4.34 percent and the French CAC 40 is declining 5.08 percent. The UK's FTSE 100 is falling 4.91 percent and Switzerland's SMI is contracting 2.93 percent.

Among the DAX components, BMW, Daimler and Volkswagen are declining between 6.8 percent and 6.2 percent. MAN is retreating 3.7 percent. Deutsche Bank is dropping 4.6 percent and Commerzbank is losing 4.4 percent.

Industrial conglomerate Siemens is falling 3.8 percent. Lufthansa is falling 4.3 percent. Barclays reduced its price target on the stock. Beirsdorf is down 1.4 percent after Morgan Stanley cut its price target on the stock.
ElringKlinger is dropping 4.6 percent. HSBC lowered its price target on the stock to 26 euros from 30 euros.

SolarWorld is dropping 2.4 percent. The stock's price target was reduced at Commerzbank. Fraport is declining 2.5 percent. Nomura raised its price target on the stock.

In Paris, Societe Generale is leading the decliners by retreating 8.4 percent as reports said the lender is planning to sell Newedge Group and the SGSS securities services unit. Natixis is falling 7.3 percent, Credit Agricole is declining 5.1 percent and BNP Paribas is contracting 4.4 percent. Macquarie cut Credit Agricole to "Underperfrom" from "Outperform" and reduced its price target on the stock.

Michelin is declining about 5 percent after UBS reduced its price target on the stock. Peugeot and Renault are declining 5 percent and 4.6 percent, respectively.

In London, miners fell after results of a survey by Markit Economics showed that China's manufacturing sector contracted for a third month running in September, with both production and new orders declining during the month. The flash HSBC manufacturing purchasing managers' index fell to 49.4 in September from 49.9 in August.

Anglo American, Antofagasta, BHP Billiton, Kazhakhmys, Rio Tinto, Vedanta and Xstrata are falling between 6 percent and 9.3 percent.

Lenders HSBC, Barclays, Lloyds Banking and Royal Bank of Scotland are falling from 3.6 percent to 6.9 percent. BP is dropping 5.35 percent and Royal Dutsch Shell is sliding 4 percent. Retailers are notably lower.

GlaxoSmithKline is down 1.5 percent. Goldman Sachs raised the stock to "Neutral" from "Sell" and increased the price target to 1330 pence from 1130 pence. United Utilities is losing 2.1 percent. The company said its first-half revenues increased from last year on regulated price increase and that the current trading is in line with expectations.

TUI Travel is falling 4.3 percent. The travel operator said it is on track to meet its full-year expectations. The company said its winter bookings are satisfactory overall and booked load factors are in line with its expectations.

Legal & General is down 3.8 percent. The insurer announced that its CEO Tim Breedon intends to retire at the end of 2012. easyJet today lifted its fiscal year pre-tax profit outlook and announced a special dividend. The stock is adding 7.1 percent.

Logitech is plunging 12.1 percent in Zurich after the mouse and keyboard maker once again lowered its revenue and operating income guidance for 2012. Nestle is down 1.7 percent. JPMorgan raised its rating on the stock to "Overweight" from "Neutral" and increased its price taregt on the stock.

Syngenta is falling 5.1 percent. Citigroup cut the agricultural chemicals firm to "Hold" from "Buy" and reduced its price target. Volvo is falling 4.8 percent in Stockholm. The automaker announced new financial targets for the Group beginning next year that would focus on benchmarking its operations with competitors.

Hennes & Mauritz is falling 3.2 percent. UBS raised the stock to "Neutral" from "Sell." Intesa Sanpaolo is losing 2.3 percent in Milan after Standard & Poor's cut its credit ratings for the lender.

In economic news, the German private sector growth continued to slow in September, Markit Economics said. The flash composite output index came in at 50.8, compared to 51.3 in August, the lowest since July 2009.

Meanwhile, France's private sector output growth slowed marginally in September. The flash composite output index dropped to 50.7 from 53.7 in August, again lowest level since July 2009.

Eurozone industrial new orders were down 2.1 percent month-on-month in July, data from Eurostat revealed. Economists were expecting orders to fall 1.2 percent, the same rate of fall as seen in June.

In the commodity space, crude for November delivery is sliding $3.85 to $82.07 per barrel and December gold is losing $56.3 to $1751.8 a troy ounce.

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TSX Poised To Extend Losses At Open Amid Weak Global Cues

TSX Poised To Extend Losses At Open Amid Weak Global CuesShawshank, VA 9/22/2011 (PennyPayDay) – Falling commodities and weak cues from the global equity markets are likely to put pressure on Canadian stocks at open Thursday. Global stocks suffered steep losses after the Federal Reserve yesterday noted "there are significant downside risks to the economic outlook," making investors more nervous.

The Fed said the U.S. economic outlook remained grim, even as it announced buying of $400-billion worth of longer-term bonds and selling an equal amount of short-term bonds, maintaining its balance sheet but putting downward pressure on longer-term interest rates.

On Wednesday, the S&P/TSX Composite Index plummeted 254.87 points or 2.09 percent to11,955.01.

The price of crude oil moved down to its monthly low as the U.S. dollar was trading firm versus a basket of currencies. Meanwhile, China's PMI came in below 50 in September, escalating concerns that crude oil demand from the region may be falling. HSBC's China Flash PMI dipped to 49.4 in September from August's final reading of 49.9 and hovered below the 50-point mark for the third straight month. Crude for November lost $4.38 to $81.54 a barrel.

The price of gold dipped below $1,750 as the U.S. dollar was trading firm after the Federal Reserve announced buying of $400-billion worth of longer-term bonds and selling an equal amount of short-term bonds. Gold for December lost $70.70 to $1,737.40 an ounce.

In corporate news from Canada, gold-focused royalty company Franco-Nevada Corp. said it would acquire Lumina Royalty Corp. by way of a court approved plan of arrangement for about $66 million.

Online IT infrastructure provider PEER 1 Network Enterprises swung to profit in fourth quarter, reporting net income of $0.02 million compared to a net loss of $0.37 million a year earlier.

Semiconductor maker Gennum Corp. reported a lower third-quarter profit of $3.3 million or $0.10 per share compared to $5.3 million or $0.15 per share in the year-ago period. Adjusted for non-recurring items after tax, net earnings for the quarter were $0.14 per share, compared with $0.15 last year. Analysts were expecting the company to report earnings of $0.10 per share for the quarter.

Junior oil and gas exploration company Southern Pacific Resources said its fiscal year 2011 profit rose to C$14.3 million from C$8.2 million in the year-ago period. However, earnings per share came in unchanged at $0.04 as the number of outstanding shares were higher at 338.8 million from 202.7 million in the year ago period.

Independent power producer Maxim Power Corp. reiterated its guidance for 2011 and sees funds from operations of C$34.85 million or C$0.65 per share.

In economic news, Statistics Canada said retail sales declined 0.6 percent to C$37.5 billion in July, after an upwardly revised 0.8 percent gain in June. Economists expected a more modest decline of 0.3 percent from the 0.7 percent initially reported for the previous month.

From south of the border, the U.S. Labor Department said the seasonally adjusted new unemployment claims came in at 423,000 in the week ended September 17. Economists were expecting the claims to fall to 420,000 from the 428,000 originally reported for the previous week.

In economic news from the euro zone, the private sector contracted in September for the first time since July 2009, flash estimate from Markit Economics showed. The flash composite output index dipped to 49.2 from 50.7 in August. The indicator stayed slightly below the 49.8 reading expected by economists. A reading below 50 indicates contraction in the sector.

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Stocks Move Sharply Lower

Stocks Move Sharply LowerShawshank, VA 9/22/2011 (PennyPayDay) – Stocks moved sharply lower at the start of trading on Thursday, extending the substantial downward move seen in the previous session. The major averages all slid firmly into negative territory, with the Dow dropping to its lowest intraday level in a month.

In the past few minutes, the major averages have seen some further downside, hitting new lows for the young session. The Dow is down 356.46 points or 3.2 percent at 10,768.38, the Nasdaq is down 76.15 points or 3 percent at 2,462.04 and the S&P 500 is down 35.60 points or 3.1 percent at 1,131.16.

The initial weakness on Wall Street reflects renewed concerns about the global economic outlook following Wednesday's troubling commentary from the Federal Reserve as well as some disappointing economic data.

In its policy statement released yesterday, the Fed noted that economic growth remains slow and warned that there are significant downside risks to the economic outlook.

As part of its efforts to boost the sluggish economy, the central bank announced plans to replace short-term securities in its bond portfolio with longer-term securities. The Fed said the move should put downward pressure on longer-term interest rates.

However, economists were largely skeptical regarding the likely impact of the move, with Paul Ashworth, Chief U.S. Economist at Capital Economics, noting, "The cost of borrowing simply isn't the problem."

Disappointing Chinese manufacturing data has also generated some selling pressure along with a report showing a contraction in business activity in Europe.

Additionally, the U.S. Labor Department recently released a report showing that initial jobless claims decreased in the week ended September 17th but still came in above economist estimates.

The report said jobless claims fell to 423,000 from the previous week's revised figure of 432,000, while economists had been expecting claims to fall to 420,000 from the 428,000 originally reported for the previous week.

In corporate news, delivery giant FedEx (FDX) reported first quarter earnings that increased in line with analyst estimates but also lowered its full year earnings guidance.

With traders expressing concerns about the outlook for global demand, resource stocks are turning in some of the market's worst performances in early trading. Gold stocks are posting particularly steep losses amid a sharp drop by the price of the precious metal.

Technology stocks have also come under considerable selling pressure, with computer hardware, networking, and semiconductor stocks posting steep losses. Significant weakness is also visible among housing, transportation, and banking stocks.

Most of the other major sectors have also shown notable moves to the downside in early trading amid a broad based sell-off.

In overseas trading, stock markets across the Asia-Pacific region saw significant selling pressure following the overnight sell-off on Wall Street. Japan's Nikkei 225 Index tumbled by 2.1 percent, while Hong Kong's Hang Seng Index plunged by 4.9 percent.

The major European markets are also showing substantial moves to the downside on the day. The French CAC 40 Index has plummeted by 5.1 percent, while the U.K.'s FTSE 100 Index and the German DAX Index are down by 4.4 percent and 3.9 percent, respectively.

In the bond market, treasuries have moved sharply higher amid the continued weakness on Wall Street. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 9.9 basis points at 1.776 percent after hitting a record intraday low of 1.754 percent.

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Thursday's Promo Stocks: (OTC:AAGC) (OTC:BHRT); (PINK:NYXO); (OTC:LOGL)

Thursday's Promo Stocks: (OTC:AAGC) (OTC:BHRT); (PINK:NYXO); (OTC:LOGL)Northern, WI 9/22/2011 (PennyPayDay) – Thursday’s smallcap stocks under e-mail promotion campaigns are as follows: Nyxio Technologies (PINK:NYXO); Legend Oil and Gas (OTC:LOGL); Bioheart (OTC:BHRT); and All American Gold (OTC:AAGC).

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