The London Stock Exchange is headlining the law among reasons that foreign firms should list stock in the U.K. instead of the U.S. German carmaker Porsche AG and reinsurer Benfield Group are among those scared away by Sarbanes-Oxley from U.S. listings lately, meaning less business for local exchanges and fewer choices for investors.
Other gainers from The Stock List at Need2KnowStocks include Citigroup (NYSE: C), up more than 2% after making The Stock List roster last week, and Dean Foods (NYSE: DF).
Yelp plans to list its stock on the NYSE in its upcoming IPO, according to an updated filing with the SEC.
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And, after IPO numbers dropped off sharply at the start of the year, it might allay fears that companies are fleeing overseas to list on stock exchanges where regulations are less onerous.
Late Monday, Pegasus announced it was applying voluntarily to de-list its stock from the Nasdaq national market, with plans to move to another national market or the over-the-counter market by the end of October.
Down seven consecutive sessions when the stock was added to The Stock List, shares of DG closed lower for one additional day before buyers swooped in to send the stock up more than 3%.
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Another big winner recently pulled from The Stock List roster was Darden Restaurants (NYSE: DRI).
To be included in the Forbes BRIC Value buy list, the stock must trade over 500, 000 a day.
In tests using conventional cell phone chips, Chicory reduced the time required to decrypt a 40-stock list from 18 seconds to 1.6.
But here are some of the stronger performances from some of the stocks recently highlighted in The Stock List.
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Among recent stocks from The Stock List that have rallied into strength are Walgreen (NYSE: WAG) and Dollar General (NYSE: DG).
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To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period.
Also making its move last week after being added to The Stock List roster were shares of Bunge Ltd. (NYSE: BG).
General Electric made The Stock List roster the day after Visa did.
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The bank will now be replaced by one of the companies on the reserves lists of FTSE International, which compiles the stock list.
Other modest gains were to be found in General Motors (NYSE: GM), highlighted in The Stock List one day after Citigroup made its appearance.
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Last but certainly not least, shares of Cintas Corporation (NASDAQ: CTAS) provided some of the biggest gains from The Stock List so far this week.
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Citigroup said it would list as expenses stock options given to employees, to restore investor confidence after such withering peccadilloes as the WorldCom, Enron and Adelphia scandals.
Calmer markets in recent days have allowed some of the stocks that have been highlighted in The Stock List to make modest gains this week.
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Sideways to lower trading at the end of last week meant that only a few stocks from The Stock List roster were able to make significant moves.
John Reese, editor of the Validea Hot List, uses stock screens that mimic the investing styles of the most successful investors to come up with worthwhile investments.
Weight your portfolio towards high-quality fixed-income securities and focus your Canadian stock list on banks, utilities, and leading telecoms such as BCE Inc. ( BCE), which just raised its dividend by 5%.
The Stock List is a daily roster of five stocks that have begun to trade near levels where traders, historically speaking, have been more inclined to buy than sell in the short-term.
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Probably not, because for the fifth week since this weekly feature began here, major multinationals in Brazil and some in China have dominated the buy and strong buy list of the stock picking analysts at ValuEngine.
Recently outperforming stocks from The Stock List roster include Comerica Inc. (NYSE: CMA), which shot higher by more than three and a half percent just one day after being targeted and tweeted from need2knowstocks last week.
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Selling off for three days in a row when the stock was added to The Stock List, shares of Toyota traded lower for one more session before reversing to close higher for the next three days in a row.
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Now for the first time, these groups are focusing on the behaviour of foreign companies seeking to list on American stock exchanges--a process that looks set to make life a lot harder for old-style Chinese companies emerging from the state sector.
Targeted and tweeted early in the second half of August, DRI traded sideways for more than a week before breaking out to the upside for a gain of more than 4% from the time the stock was added to The Stock List.
Targeted and tweeted just under a week ago, shares of Oracle Corporation (NASDAQ: ORCL) have since climbed by nearly three and a half percent, gaining ground for three days in a row (and heading higher today on Tuesday) after making The Stock List roster.
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