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Auction Houses Clean Up as Art Gains Appeal
Want to know where investors are placing some of their biggest bets? Look on their walls. Art prices swelled last year, lifting sales at Christie’s International PLC to $5.7 billion last year, up 14% from the year before. The London-based auction house said on Tuesday that the total includes $4.9 billion in auction sales and $808.6 million in art sales it brokered privately, as galleries typically do. The private-sale total doubled from a year ago, it added. Christie’s Priciest Paintings of 2011 View Slideshow Christie’s Artist: Andy Warhol Title: ‘Self Portrait,’ 1986 Sold for: $27.5 million Christie’s auction sales ... … Read entire article »
Filed under: Penny Stocks, Top Stocks To Buy
Stocks poised for manufacturing boost
NEW YORK (CNNMoney) — U.S. stocks were headed for a modestly higher open Wednesday, as investors welcomed stronger manufacturing data around the world. S&P 500 (SPX), Dow Jones industrial average (INDU) and Nasdaq (COMP) futures were up about 0.6% ahead of the opening bell. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET. Manufacturing activity picked up in China, Germany, France and the United Kingdom in January, according to separate reports. Investors will also closely watch a reading on U.S. manufacturing, the ISM Manufacturing Index, due later in the morning. Meanwhile, the other big news Wednesday looks likely to be Facebook’s long-awaited IPO filing. According to reports from outlets including the New York Times and CNBC, Facebook is seeking to raise up to $5 billion in its offering. If that number is correct, Facebook would by far be the largest global IPO by an Internet-focused company, a ... … Read entire article »
Filed under: Energy Stocks, Hot Stocks, Penny Stocks
5 Undervalued Energy Stocks
Price to earnings ratio is the most commonly used investment metric. The assessment of relative changes in PE ratio over the course of time highlights the low and high multiples investors are willing to pay for the current and future earnings of a company. Most investors would like to compare the current PE of the company with its historical averages. Comparing a company’s current P/E ratio with benchmarks such as its historical P/E average can help a value investor determine if the stock is cheap, fully valued or overpriced. We identified the top 5 energy stocks trading below or near the average of its yearly low P/E for the last 5 years. These securities are pretty undervalued compared to other securities in this sector. EOG Resources (EOG): EOG Resources, Inc. and its subsidiaries engage in the exploration, development, production and marketing of natural gas and crude oil primarily in the ... … Read entire article »
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