Posts Tagged ‘Todd Genger’
White House to propose a 0.5% Pay Hike for Federal Workers in its 2013 budget
By - Todd Genger
The White House will bring a proposal to increase pay of federal workers by 0.5% in its 2013 budget proposal. Federal pay was frozen in December 2010 when Congress approved the Barack Obama administration’s proposal to freeze federal worker pay for two years to reduce the deficit.
It is anticipated that the Obama administration will release its new budget in February 2012 and during the course of deliberating on the budget, the salary hike proposal will be presented before the Congress, stats Todd Genger.
Colleen Kelley, president of the National Treasury Employees Union which represents 150,000 employees in 31 agencies and departments, was disappointed at the size of the proposed salary hike. He said, “The good news is that the pay freeze is ending, but I am disappointed at the size of the proposed 2013 increase, shares Todd Genger.”
Randy Esperanza, an IRS employee based in Los Angeles, said, “When you put it into perspective, it’s so small it’s almost a slap in the face.” Randy Esperanza further added, “It’s always good to get a bigger increase,” he said. “But it’s frustrating because there are a lot of other things that could be cut out and are wasteful.”
The move of the Obama administration to increase the salary of federal employees is a step in the right direction, however in the absence of meaningful cuts to reduce the budget, further gestures will be needed to placate disgruntled federal employees and their neighbors.
NASDAQ Stock Volume Getting Some Help for the Holidays
By Todd Genger
Amid the market ups and downs on Thursday, some of the stocks listed at NASDAQ, surprised Wall Street by posting a major increase in trading volume (some well over 1000%) over their 65-day average volume reports, thus, spreading holiday joy among active traders who feared the Street had already lied down for a long winter’s nap. Let’s have a look at the top 10 stocks, which are lighting up the NASDAQ chart.
The athenahealth Inc fell over 15% with approximately 10,407,800 shares changing hands with a trading volume increase of 1,419.9 percent of growth, BioSante Pharm shares dropped over 77% with 45,876,600 shares changing hands, a 2,263.2% increase growth over its 65 day average trading volume, shares todd genger.
China Biologic Products Inc and Intermune Inc also saw a spectacular trading volume increase of 1,664.5% and 1,506.5%, respectively.
According to todd genger, LiveDeal Inc. saw a trading volume increase of 2,304.0%, Nautilus Marine Acquisition Corp, Novellus System Inc, Bank of Oak Ridge, Sonosite Inc, and SuperMedia Inc posted stunning trading volume increases of 6,195.3%, 1,473.0%, 2,444.7%, 5,814.1%, and 1,269.3%, respectively.
Todd Genger – What are Structured Notes?
By Todd Genger
Responding to volatile markets, financial institutions have developed principal protected financial instruments that provide a guaranteed rate of return and growth potential linked to the performance of broad-based market indices such as the S&P 500, the NASDAQ-100 or the Dow Jones Industrial Average). They are in some ways a hybrid between stocks and bonds, as the products have characteristics common to both fixed income and equity investments.
Every structured note is constructed somewhat differently, but there are some basic underlying characteristics that distinguish structured notes from other financial products. Often, the financial reality of the product involves the purchase of an option that with a payout at maturity, allowing the product to offer its particular return profile. Use of option strategies provides the necessary leverage.
A principal protected note is backed by the firm that issued the note, so investors should have a level of confidence in the stability of the institution guaranteeing the note. In the case of an insolvency or bankruptcy event for the issuer of the note, the holder would be treated as a senior unsecured debt holder of the issuer, shared Todd Genger.
Another risk for note holders is liquidity. After the note is issued, structured notes typically trade at a discount to their value at issuance. Unlisted structured products are not intended to be actively traded. Investors should purchase with an intention to hold to maturity.