NEW YORK (AP) -- Signs that the global economy isn't strong enough to quickly burn through the world's ample supplies of oil and gasoline sank crude oil prices for a second straight day.
Weak U.S. economic reports Friday followed on the heels of reduced forecasts for oil demand. Oil dropped 2 percent.
The falling prices will help extend a long, slow slide in retail gasoline prices, forecasters say. The average price of a gallon of gasoline in the U.S. fell a penny overnight to $3.56 per gallon. That's 23 cents lower than the high for the year, set on Feb. 27. And gas is now 36 cents cheaper than a year ago at this time.
Drivers in some states, such as Wyoming, Montana, Missouri, and South Carolina, may even see a few stations selling gas for under $3.00 per gallon this weekend, says Tom Kloza, chief oil analyst at Gasbuddy.com.
"We're looking at (futures and wholesale) prices that will propel this drop into the spring," Kloza said.
Gasoline prices appear to be on a similar curve to last year, but on an earlier timetable. The springtime highs instead came in late winter, and a seasonal low could come in June this year instead of July. "It's the same roller-coaster ride, but the top of the ride came sooner," Kloza said.
Top Penny Stocks To Watch For 2014: Ever-Glory International Group Inc.(EVK)
Ever-Glory International Group, Inc., together with its subsidiaries, engages in the manufacture, distribution, and sale of apparel for women, men, and children. Its products include coats, jackets, slacks, skirts, shirts, trousers, vests, skiwear, down jackets, knitwear, and jeans. The company offers its products to the casual wear, sportswear, and outerwear brands, as well as retailers, such as department stores, flagship stores, stores-within-a-store, and specialty stores primarily in Europe, the United States, Japan, and the People?s Republic of China. As of December 31, 2010, it operated 293 retail stores in the People?s Republic of China. The company is based in West Covina, California.
Top Penny Stocks To Watch For 2014: Daily Journal Corp.(S.C.)
Daily Journal Corporation publishes newspapers and Web sites in California, Arizona and Colorado. It publishes 11 newspapers that include Los Angeles Daily Journal, Daily Commerce, San Francisco Daily Journal, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Sonoma County Herald-Recorder, Orange County Reporter, San Diego Commerce, Business Journal, and The Record Reporter. The company also offers California Lawyer magazine; produces various specialized information services; and serves as a newspaper representative specializing in public notice advertising. In addition, Daily Journal Corporation, through its subsidiary, Sustain Technologies, Inc., supplies case management software systems and related products to courts and other justice agencies, including administrative law organizations to help users manage electronic case files from inception to disposition, which include various aspects of calendaring and accounting, report and notice generation, the i mplementation of standards and business rules, and other corollary functions. The company was founded in 1986 and is based in Los Angeles, California.
Top China Companies To Invest In Right Now: Educational Development Corporation(EDUC)
Educational Development Corporation operates as a trade publisher of a line of children?s books in the United States. It distributes children?s books published by Usborne Publishing Limited in the United Kingdom. The company offers various books, including Touchy-Feely board books, jigsaw puzzle books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels. It sells books through two divisions, Usborne Books and More, and Publishing. The Usborne Books and More division distributes books through independent consultants, who hold book showings in individual homes; and through book fairs, direct sales, and Internet sales. It also distributes these titles to school and public libraries. The Publishing division markets books to bookstores, toy stores, specialty stores, museums, and other retail outlets. It distributes books through commissioned trade representati ves who call on book, toy, specialty stores, and other retail outlets; and through in-house marketing by telephone to the trade. The company was founded in 1965 and is headquartered in Tulsa, Oklahoma.
Top Penny Stocks To Watch For 2014: China Digital TV Holding Co. Ltd.(STV)
China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People?s Republic of China. Its CA systems consist of smart cards and head-end software for television network operators, as well as terminal-end software for set-top box manufacturers, which enable digital television network operators to control the distribution of content and value-added services to their subscribers and block unauthorized access to their networks The company licenses its set-top box design to set-top box manufacturers and sells advanced digital television application software, such as electronic program guides and subscriber management systems to digital television network operators. It also provides system integration services for television network operators. China Digital TV Holding Co., Ltd. sells its CA systems and digital television application software to television network operators, including cable, satell ite, and terrestrial television network operators and enterprises that maintain private cable television networks within their facilities. As of December 31, 2009, it had installed CA systems at 244 digital television network operators in 27 provinces, autonomous regions, and centrally administered municipalities in the People's Republic of China. The company was founded in 2004 and is headquartered in Beijing, the People?s Republic of China.
Top Penny Stocks To Watch For 2014: Qualstar Corporation(QBAK)
Qualstar Corporation designs, develops, manufactures, and sells automated magnetic tape libraries used to store, retrieve, and manage electronic data primarily in network computing environments worldwide. Its tape libraries consists of cartridge tape drives, tape cartridges, and robotics to move the cartridges from their storage locations to the tape drives under software control. The tape libraries also provide data storage solutions for organizations requiring backup, recovery, and archival storage of critical electronic information. The company also offers ancillary products related to its tape libraries, such as tape media, tape magazines, cables, bar code labels, and fiber channel adapters. In addition, it designs, develops, and sells switching power supplies that are used to convert alternate current line voltage to direct current voltages for use in electronic equipment, such as telecommunications equipment, servers, routers, switches, lighting, and gaming devices. Qualstar Corporation sells its tape drive products primarily to value added resellers and original equipment manufacturers, as well as switching power supplies primarily to original equipment manufacturers, contract manufacturers, and distributors. The company was founded in 1984 and is headquartered in Simi Valley, California.
Top Penny Stocks To Watch For 2014: Crown Media Holdings Inc.(CRWN)
Crown Media Holdings, Inc., through its subsidiary, Crown Media United States, LLC, owns, operates, and distributes pay television networks for adults and families primarily in the United States. The company operates and distributes Hallmark Channel network to approximately 87 million subscribers through approximately 5,369 cable, satellite, and other pay television distribution systems; and Hallmark Movie Channel network to approximately 45 million subscribers through approximately 2,680 cable, satellite, and other pay television distribution systems. Its networks offers a range of entertainment programming, including television series, movies, miniseries, theatricals, romances, literary classics, and contemporary stories. The company was founded in 1999 and is headquartered in Studio City, California.
Advisors' Opinion:- [By Equities Lab]
The stocks that currently pass the stock screen in order of market cap are Frontier Communications Corp , Crown Media Holdings (CRWN), Vonage Holding (VG), MCG Capital Corp (MCGC), 1-800-FLOWERS.COM (FLWS), MTR Gaming Corporation (MNTG), Alaska Communications (ALSK), and Enzon Pharmaceuticals (ENZN).
Top Penny Stocks To Watch For 2014: Central Federal Corporation(CFBK)
Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It accepts various deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. The company?s loan portfolio comprises commercial, commercial real estate, and multi-family mortgage loans; single-family real estate loans; construction, land, and land development loans; and consumer loans, including home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. It also provides online Internet banking, mobile banking, remote deposit, corporate cash management, and telephone banking services. Central Federal Corporation operates through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was formerly known as Grand Central Financial Corp. The company was founded in 1892 and is headquartered in Fairlawn, Ohio.< /p>
Top Penny Stocks To Watch For 2014: Ruth's Hospitality Group Inc.(RUTH)
Ruth?s Hospitality Group, Inc., together with its subsidiaries, operates restaurants in the United States and internationally. It operates the Ruth?s Chris Steak House, Mitchell?s Fish Market, Columbus Fish Market, Mitchell?s Steakhouse, and Cameron?s Steakhouse restaurant concepts in the full-service dining industry. The company?s restaurants cater to families, special occasion diners, and business clientele. As of December 27, 2009, it owned or operated 152 restaurants, including 64 company-owned Ruth?s Chris Steak House Company restaurants, 66 Ruth?s Chris Steak House franchise restaurants, 19 company-owned Mitchell?s Fish Markets, and 3 company-owned Mitchell?s Steakhouse restaurants. The company was formerly known as Ruth?s Chris Steak House, Inc. and changed its name to Ruth?s Hospitality Group, Inc. in February 2008. Ruth?s Hospitality Group, Inc. was founded in 1965 and is headquartered in Heathrow, Florida.
Advisors' Opinion:- [By Rick Aristotle Munarriz]
AP, Rockstar GamesGrand Theft Auto V has been a big winner for Take-Two Interactive. When it releases its earnings this week, we'll find out just how big. You can never know in advance all the news that will move the market in a given week, but some things you can see coming. From earnings reports out of Apple to a deal on burritos on Halloween, here are some of the items that will help shape the week that lies ahead on Wall Street. Monday -- An Apple a Day: Last Tuesday Apple (AAPL) had the ear of consumers as it introduced new iPads, iMacs, and an updated operating system. Monday afternoon it will be time to sway investors with its fiscal fourth quarter report. Apple is still the top dog in consumer electronics, but iPad, iPod, and Mac sales have been slipping lately. Apple's iPhone is the only product category growing, and the end result is that analysts see flat revenue growth at Apple on declining profitability. Apple's quarter ended with the welcome news that it had sold 9 million iPhone 5s and iPhone 5c devices in their initial weekend of availability. Now it's time to see if it was enough to save Apple's quarter. Tuesday -- Game On: After years of sluggish sales the video game console industry showed signs of life last month. Take-Two Interactive's (TTWO) Grand Theft Auto V was a smashing success, helping push the industry to a rare monthly gain. Things will get even more interesting next month when the Xbox One and PlayStation 4 hit the market. The market will get a good read on the state of the industry on Tuesday as Take-Two Interactive and the larger Electronic Arts (EA) report fresh earnings. It may be too early for either company to have reliable projections on how the new consoles will fare, but any insight would be incremental at this point. Wednesday -- Face to Facebook: One of last year's most prolific IPOs was Facebook (FB). The leading social networking website operator went public at $38, but a few months later the stock was -- like th
- [By Sally Jones]
Averaging 228% on shares bought, a high gainer in this portfolio is Ruth�� Hospitality Group Inc. (RUTH), up 81% over 12 months:
Robert Karr, Joho Capital - [By Jeremy Bowman]
What: Shares of Ruth's Hospitality Group (NASDAQ: RUTH ) were making investors feel at home today, gaining as much as 14% after topping estimates, and announcing a quarterly dividend in its report today.
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