The International Monetary Fund warned about the harm to the global economy if the U.S. failed to raise its borrowing limit.
Investors were generally pleased by President Obama's plan to nominate Janet Yellen to succeed Ben Bernanke to be the next chief at the Federal Reserve.
"I think it's more politics than reality, but it's slightly positive for investor sentiment, certainly," said Andrew Sullivan, director of Asian sales trading at Kim Eng Securities.
YELLEN: 5 things you may not know about her
FEDERAL RESERVE: Wall Street encouraged with Obama's nod to Yellen
The Dow Jones industrial average was down about 10 points, or 0.1% and the Standard & Poor's 500 index dropped 0.1%. The Nasdaq composite index took the biggest hit, falling 0.7%.
Best Asian Companies To Buy For 2015: Marenica Energy Ltd(MEY.AX)
Marenica Energy Limited engages in the exploration and development of uranium deposits in Namibia and Australia. The company also explores for lead, zinc, silver, gold, and copper. Its principal project includes the Marenica Uranium project that covers an area of 527 square kilometers located in the Damara Province, Namibia. The company was formerly known as West Australian Metals Ltd and changed its name to Marenica Energy Limited in November 2009. Marenica Energy Limited was incorporated in 1978 and is based in West Perth, Australia.
Best Asian Companies To Buy For 2015: Beale(BAE.L)
Beale PLC, together with its subsidiaries, operates department stores in the United Kingdom. The company offers branded, functional, and aspirational merchandise for men, women, and home. Its stores provide women?s wear, men?s wear, toys for kids, and electrical products, as well as various accessories, gift products, home products, and beauty products. The company operates 11 stores under the Beales brand name in Bedford, Bournemouth, Horsham, Kendal, Poole, Tonbridge, Winchester, and Worthing; Broadbents & Boothroyds brand name in Southport; Denners brand name in Yeovil; and Whitakers brand name in Bolton. Beale PLC was founded in 1881 and is based in Bournemouth, the United Kingdom.
Top 5 Dividend Stocks For 2015: Pimco California Municipal Income Fund II(PCK)
PIMCO California Municipal Income Fund II is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It primarily invests in municipal fixed-income securities. Its portfolio of investments include investments in california municipal bonds and notes, other municipal bonds and notes, call and put options written, california variable rate notes, other variable rate notes, corporate notes, california variable rate demand note, and U.S. treasury bills. PIMCO California Municipal Income Fund II was formed in 2002 and is based in New York City.
Best Asian Companies To Buy For 2015: Rambus Inc.(RMBS)
Rambus Inc. engages in the creation, design, development, and licensing of patented innovations, technologies, and architectures to digital electronics products and systems. Its patented innovations include Dual Edge Clocking, which is designed to allow data to be sent on the clock pulse; Variable Burst Length that improves data transfer efficiency by allowing varying amounts of data to be sent per a memory read or write request in dynamic random access memory (DRAM) and flash memory; and FlexPhase technology, which synchronizes data output and compensates for circuit timing errors. The company also offers Channel Equalization to improve signal integrity and system margins in high speed parallel and serial link channels; Module Threading, which improves the power efficiency of a memory module by applying parallelism to module data accesses; and MicroLens optical design technology, which provides optimum utilization of high-brightness light-emitting diodes (LED) in edge-lit lighting applications. In addition, it licenses its architectures and industry-standard solutions for use in digital electronics products and systems, including XDR Memory Architecture enabling the production of DRAM; XDR2 Memory Architecture that incorporates DRAM micro-threading for graphics intensive applications, such as gaming and digital video; Mobile XDR Memory Architecture, which enables applications, such as HD video recording and 3D gaming on battery powered mobile devices; RDRAM Memory used in play stations, Intel-based personal computers, televisions, and routers; and FlexIO Processor Bus, a high speed chip-to-chip interface. Further, the company offers industry-standard chip interface solutions, including DDRx; digital logic controllers for peripheral component interconnect express and other industry standard interfaces; and custom solutions for displays, LED backlights, and general lighting. Rambus Inc. was founded in 1990 and is headquartered in Sunnyvale, Ca lifornia.
Advisors' Opinion:- [By Dan Caplinger]
The problem, though, is that Micron needs to boost its prospects if it wants to stand up to its competition. Use of flash memory and solid-state memory drives has greatly increased demand for memory generally, and rivals are working hard to make their own inroads into trying to maximize that demand as long as it lasts. SanDisk (NASDAQ: SNDK ) has not only come out with its own solid-state drives but has also teamed up with hard-disk drive giant Western Digital to produce hybrid solid-state hard-disk drives that combine the benefits of solid-state memory with the cost-effectiveness of traditional hard drives. Even Rambus (NASDAQ: RMBS ) has soared to almost two-year highs thanks to a recent victory in getting SK Hynix to settle a patent dispute with the company, helping Rambus to ease the sting of having lost its major suit against Micron last year.
- [By Roberto Pedone]
Rambus (RMBS) is a technology solutions company that brings invention to market. This stock closed up 4% to $9.25 in Tuesday's trading session.
Tuesday's Range: $8.85-$9.39
52-Week Range: $4.01-$10.85
Tuesday's Volume: 1.93 million
Three-Month Average Volume: 960,806From a technical perspective, RMBS soared notably higher here back above its 50-day moving average of $9.09 with heavy upside volume. This move also pushed shares of RMBS into breakout territory, since it took out some near-term overhead resistance levels at $9.17 to $9.24. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $7.95 to its intraday high of $9.40. During that move, shares of RMBS have been making mostly higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in RMBS as long as it's trending above some near-term support levels at Tuesday's low of $8.85 to $8.87 and then once it sustains a move or close above Tuesday's high of $9.40 with volume that hits near or above 960,806 shares. If we get that move soon, then RMBS will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 52-week high at $10.85 Any high-volume move above $10.85 will then put $12 into range for shares of RMBS.
- [By Rich Bieglmeier]
One-time Wall Street darling and high-flyer Rambus Inc. (NASDAQ:RMBS) is bucking an ugly, bloody tape. The memory-chip make is up more than 4% as we type thanks to an upgrade from Citi.
Best Asian Companies To Buy For 2015: RadiSys Corporation(RSYS)
Radisys Corporation provides embedded wireless infrastructure solutions for telecom, aerospace, defense, and public safety applications. The company offers next generation communication networks products, including Trillium software that enables the communication between core network products and wireless communications devices; and Internet protocol (IP) media server products, which provide multimedia processing platforms for audio conferencing, voice over IP, video over IP, and IP multimedia subsystem telecommunication service providers, as well as solution developers and enterprise customers. It also provides advanced telecommunications computing architecture product family that includes an integrated application-ready platform and a set of modular solutions for various applications, such as computing/switching, deep packet inspection, and digital signal processing. In addition, the company offers Computer-on-Module Express compute solutions, which are designed for appl ications that require a standard processor and memory subsystem, and modular flexibility to retain key design level IP on a separate carrier board; and rackmount servers for applications in medical imaging systems, high performance test and measurement instruments, telecommunications appliances, and military imaging and signal processing systems. The company sells its products through direct sales, distributors and sales representatives, and system integrators in North America, Europe, the Middle East, Africa, and the Asia Pacific. Radisys Corporation was founded in 1987 and is headquartered in Hillsboro, Oregon.
Best Asian Companies To Buy For 2015: Empire State Realty Trust Inc (ESRT.N)
Empire State Realty Trust, Inc., incorporated on July 29, 2011, is a self-administered and self-managed real estate investment trust (REIT), which owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: real estate and construction contracting. As of June 30, 2013, the Company owned 12 office properties (including one long-term ground leasehold interest) encompassing approximately 7.7 million rentable square feet of office space, which were approximately 83.5% leased (or 86.2% giving effect to leases signed but not yet commenced as of that date). Seven of these properties are located in the midtown Manhattan market and encompass in the aggregate approximately 5.9 million rentable square feet of office space, including the Empire State Building. Its Manhattan office properties also contain an aggregate of 440,615 rentable square feet of retail space on th eir ground floor and/or lower levels. Its remaining five office properties are located in Fairfield County, Connecticut and Westchester County, New York, encompassing in the aggregate approximately 1.8 million rentable square feet.
The Company has entitled land at the Stamford Transportation Center in Stamford, Connecticut, adjacent to one of its office properties, that supports the development of an approximately 380,000 rentable square foot office building and garage, which refers to herein as Metro Tower. As of June 30, 2013, its portfolio also included four standalone retail properties located in Manhattan and two standalone retail properties located in the city center of Westport, Connecticut, encompassing 204,452 rentable square feet in the aggregate. As of June 30, 2013, its standalone retail properties were 100% leased in the aggregate. In addition, the Company has an option to acquire from affiliates of its predecessor two additional Manhattan office p roperties encompassing approximately 1.5 million rentable ! sq! uare feet of office space and 153,209 rentable square feet of retail space at the base of the buildings.
The Empire State Building is the Company�� flagship property. The 102-story building consists of 2,701,938 rentable square feet of office space and 167,788 rentable square feet of retail space. The building also includes its observatory and broadcasting operations. The Company�� portfolio includes retail properties located in retail corridors in Manhattan and Westport, Connecticut. Tenants at 10 Union Square in Manhattan include Best Buy Mobile, Starbucks, A&P, Panera Bread, FedEx/Kinko��, Au Bon Pain, Chipotle Mexican Grill, and GameStop. In the greater New York metropolitan area, its portfolio includes high quality suburban office properties in densely populated metropolitan communities in Fairfield County, Connecticut and Westchester County, New York. tenants of the greater New York metropolitan area flagship Metro Center (at the Transportation Cente r in Stamford, Connecticut) include Thomson Reuters, Jefferies Group, Columbus Circle Investors, Torm Shipping, Olympus Partners, BP Energy, Tweedy, Browne Company and Susquehanna International.
The Company approximately has 242 million square feet of rentable space, which are contained within Midtown�� multi-tenant office buildings. Downtown Chicago and the Washington, D.C. CBD combine has a total of 230 million square feet of office space. Three-quarters 75.3% of Midtown�� office stock is classified as Class A with total square footage of 182 million square feet. The Company approximately has 43.9 million square feet of Midtown office space is counted as Class B stock, accounting for 18.2% of the total market. The remaining 6.5% of Midtown office space (15.8 million square feet) is categorized as Class C space. The Grand Central submarket is a office submarket in Midtown Manhattan with 44 million square feet and is located on the east side of Midtown Manha ttan, to the north of Murray Hill and to the south of ! the Pa! r! k Avenue! corridor.
The West Side office submarket, located to the south and west of Central Park and including the area around Columbus Circle, consists of 25.8 million square feet of office space. Westchester County contains approximately 28.9 million square feet of office space and is split into six submarkets: White Plains CBD and non-CBD, Northern, Central, Eastern and Southern. The White Plains CBD is situated in south central Westchester County, along the Cross-Westchester Expressway (Interstate 287) corridor between the Sprain Brook Parkway and the Hutchinson River Parkway. The submarket consists of approximately 6.3 million square feet of office space and is defined to include the area south of Barker Avenue, north of Quinby Avenue, east of the Bronx River Parkway and west of South Broadway/Post Road. Westchester�� Eastern office submarket consists of 6.5 million square feet of space and is located to the east of White Plains, between New Rochelle and the Con necticut state border.
Best Asian Companies To Buy For 2015: Labrador Tech Inc (LTX.V)
Labrador Technologies Inc. engaged in the research and development, and marketing of data retrieval technology. The company specializes in Data-Flow Management software, which comprises data-plumbing, data-adaptors, data integration, portal solutions, and on-demand data query and reporting applications that helps software vendors, data vendors, and company developers to deliver data to their target audiences by plugging users in and eliminating the need for manual intervention. It offers eTriever, a WebMap-based generic data browser and query tool that provides comprehensive query, reporting, and exporting capabilities to the oil and gas data sectors; and Model-LAB, a development module, which is used to construct Labrador model files by reverse-engineering existing data models and extracting the metadata. The company�s products also include QueryJoiner that allows business users to query data from two or more different servers at the same time, and combine the data into one MS Excel report; and LABengine, a Labrador engine, which implements a high-level query language that permits application developers to write SQL queries. Labrador Technologies Inc. was founded in 1981 and is headquartered in Calgary, Canada.
Best Asian Companies To Buy For 2015: Smith(ds)
DS Smith Plc, through its subsidiaries, engages in the supply of recycled packaging for consumer goods and the wholesale of office products worldwide. The company collects waste paper and old corrugated containers for the production of recycled paper; and manufactures corrugated packaging and board. It also offers returnable transit packaging products, including reusable container and pallet systems, extruded sheets, and bottle crates used in retail, automotive, electronics, and beverage sectors; and liquid packaging and dispensing products comprising bags and taps for bag-in-box packaging systems that are used in beverage sector, industrial solutions, and personal care products. The company was formerly known as David S. Smith (Holdings) PLC and changed its name to DS Smith Plc in 2001. DS Smith Plc was founded in 1940 and is headquartered in Maidenhead, the United Kingdom.
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