Daily Markets - American Express Does A Marvelous Job Of Making Their Cardholders Happy

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• American Express Does A Marvelous Job Of Making Their Cardholders Happy
• Qualcomm Unveils TDD LTE Products
• W.R. Grace To Buy Synthetech
• Forex Trading: EUR/USD Breaks Out From Consolidation
• Industrial Production Increases 13 Of 14 Last Mos.
• Stock Market News Briefs: Citigroup, General Electric Company, H.J. Heinz Company, Mastercard Incorporated, Moody’s, Rowan Companies, UBS AG, Apple, Microsoft, Varian Semiconductor Equipment Associates
• Detroit Edison Going Green
• Nokia World: Old Wine In New Bottle
• Forex Trading: GBPUSD. Making Some Sense From A Volatile Situation.
• Delta To Grow On High Travel Demand
• Hain Celestial To Outperform
• Life Out-licenses Technology Rights
• Forex Trading: EURUSD Tests Intraday Trendline Resistance. Will Momentum Continue?
• Value Opportunities In The Sovereign Debt Crisis
• Canadian Dollar: Under Pressure
• Australian Dollar: Under Pressure
• Swiss Franc: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• Cracker Barrel Beats Estimates
• OfficeMax Forecasts Higher Margin
• Forex Trading: EURJPY Surges On BOJ Intervention. 100 Day MA Eyed Above
• U.K. Jobless Claims Unexpectedly Rises In August, Eurozone CPI Eases
• America Wants To Throw The Bums Out Of Washington And Wall Street
• Baltic Dry Index: Dark Clouds On The Horizon?
• El-Erian Vs Berner: Soft Patch Or Double Dip?
• Marc Faber: Stock Markets In A Trading Range
• Global Services PMIs For August: Mixed But Weakening Trend
• Robin Griffiths: Best Shorting Opportunity Of 2010
• FNB/BER Consumer Confidence Shows Firm Bias
• The Anomalous Business Upswing

American Express Does A Marvelous Job Of Making Their Cardholders Happy Posted: 15 Sep 2010 07:50 AM PDT Kiplinger’s Personal Finance recently named Blue Cash the “best cash-rebate card.” According to the fourth annual nationwide study by J.D. Power and Associates, American Express (NYSE:AXP) has the highest ranking in credit card customer satisfaction for the fourth year in a row, making it the leader among credit card issuers in terms of customer satisfaction in all previous nationwide studies by JD. 8,500 cardholders were polled on how satisfied they were with the terms, benefits and services, … [visit site to read more]

Qualcomm Unveils TDD LTE Products Posted: 15 Sep 2010 07:35 AM PDT Qualcomm Inc. (NASDAQ:QCOM) recently introduced its next-generation super-fast TDD LTE (Time Division Duplex for LTE) chipsets. The company has conducted a trial for its MDM 9200 solution in China using the LTE network. The company plans to begin mobility trials for MDM 9200 and MDM 9600 solutions in China in late 2010. The MDM9200 and MDM9600 are integrated multi-mode, single-chip 3G/LTE solution and supports both FDD and TDD modes of Category 3 LTE. All these products will be commercially … [visit site to read more]

W.R. Grace To Buy Synthetech Posted: 15 Sep 2010 07:35 AM PDT Specialty chemicals maker W.R. Grace & Co. (NYSE:GRA) has announced a definitive agreement to acquire Synthetech, a producer of fine chemicals with a focus on organic synthesis and biocatalysis. The transaction is valued at about $19.2 million, less Synthetech's debt balance as well as transaction costs. The acquisition has received approval from the boards of both companies, but is still pending approval from Synthetech's shareholders as well as other regulatory clearances. W.R. Grace … [visit site to read more]

Forex Trading: EUR/USD Breaks Out From Consolidation Posted: 15 Sep 2010 07:19 AM PDT Well, well, well. The EURUSD pair or the fiber as what traders call it in the streets appears to have broken out from a rectangle or consolidation. You see, the pair had been trending up from a low of 1.1876 last June 7 to a high of 1.3334 in August before correcting. All along I thought that the pair would already reverse but it did not. What it did was it only corrected to its 50% Fibonacci retracement level. It then continued to range or trade sideways until yesterday where it broke … [visit site to read more]

Industrial Production Increases 13 Of 14 Last Mos. Posted: 15 Sep 2010 07:12 AM PDT The Federal Reserve reported today that U.S. industrial production increased in August for the sixth straight month, and for the 13th time in the last 14 months (see top chart above, data here).  From the most recent trough of 88.5 in June 2009, output at America’s factories, mines and utilities has increased by more than 9%, and over the last 12 months by 6.2% (see bottom chart above).  August marks the 8th consecutive month of year-over-year growth in industrial … [visit site to read more]

Stock Market News Briefs: Citigroup, General Electric Company, H.J. Heinz Company, Mastercard Incorporated, Moody’s, Rowan Companies, UBS AG, Apple, Microsoft, Varian Semiconductor Equipment Associates Posted: 15 Sep 2010 07:05 AM PDT  MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares  Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35  Citigroup (NYSE:C) initiated coverage of General Electric (NYSE:GE) with a “buy” rating and a $19 price target  Microsoft (NASDAQ:MSFT) plans to introduce a new Internet Explorer today  Rumors surfaced that Apple (NASDAQ:AAPL) may be planning to unveil a … [visit site to read more]

Detroit Edison Going Green Posted: 15 Sep 2010 07:05 AM PDT Detroit Edison, the utility subsidiary of DTE Energy Company (NYSE:DTE) received regulatory approval for a 20-year renewable energy purchase contract. The Michigan Public Service Commission (“MPSC”) gave approval for the company to purchase 200 megawatts (MW) of wind energy from Invenergy Wind.   Invenergy Wind will supply the wind power from a 30,000-acre wind farm it would install and operate near Breckenridge in Gratiot County, Michigan. The wind farm is touted to be the largest in the … [visit site to read more]

Nokia World: Old Wine In New Bottle Posted: 15 Sep 2010 07:05 AM PDT Yesterday, Nokia Corp. (NYSE:NOK) inaugurated its annual Nokia World 2010 conference in London showcasing three new smartphones namely, E7, C7, and C6 that will join its flagship N8 smartphone portfolio. All these devices are based on the company's upgraded Symbian 3 operating system (OS), which also runs N8. Nokia enriched the new Symbian platform with 250 new features and all its smartphones will be closely integrated with its Ovi services and applications supplied by its Navteq … [visit site to read more]

Forex Trading: GBPUSD. Making Some Sense From A Volatile Situation. Posted: 15 Sep 2010 06:57 AM PDT … [visit site to read more]

Delta To Grow On High Travel Demand Posted: 15 Sep 2010 06:35 AM PDT Delta Air Lines Inc. (NYSE:DAL), the world's largest airline, expects third quarter unit revenue to rise on recovering travel demand. The demand for air travel has been growing more than expected so far in September.   The economic downturn in 2009 and the oil price hike in 2008 had affected the airline industry during the past two years. Now, with an economic resurgence, demand for air travel is increasing from last year's depressed levels.   For the third quarter of 2010, … [visit site to read more]

Hain Celestial To Outperform Posted: 15 Sep 2010 06:35 AM PDT We now expect The Hain Celestial Group Inc. (NASDAQ:HAIN) to Outperform with a target price of $26.00. Earlier we had a Neutral rating on the stock.   A leader in natural food and personal care products categories with an extensive portfolio of well-known brands, Hain Celestial offers investors one of the strongest growth profiles in the industry. The stock is poised to surge once the economy rebounds and demand for healthier and natural food improves.   Acquisitions have been a key part … [visit site to read more]

Life Out-licenses Technology Rights Posted: 15 Sep 2010 06:35 AM PDT Recently, Life Technologies (LIFE) provided rights to some companies related to its proprietary CHO (Chinese Hamster Ovary) cell lines to produce recombinant proteins meant for use as therapeutic agents and vaccines. The company has adopted a policy to provide access to know-how for the production of recombinant proteins thereby focusing on bioproduction, therapeutics, diagnostics, veterinary medicine and vaccines, which are areas of strong potential.   Management views this licensing … [visit site to read more]

Forex Trading: EURUSD Tests Intraday Trendline Resistance. Will Momentum Continue? Posted: 15 Sep 2010 06:32 AM PDT … [visit site to read more]

Value Opportunities In The Sovereign Debt Crisis Posted: 15 Sep 2010 06:27 AM PDT Portuguese flag Presentation by Hugo Roque of www.vforvalue.blogspot.com When Jacob invited me to write on this blog I was most pleased for the opportunity to share some value investing thoughts and investment ideas from european markets and others. I'm from Portugal, which has been recently very discussed on international media because of its public finances doubtful solvency. I will start my contribution to the site with some context of Portugal's situation right now and some … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Under Pressure Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Swiss Franc: Under Pressure Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Under Pressure Posted: 15 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Cracker Barrel Beats Estimates Posted: 15 Sep 2010 06:05 AM PDT Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported its financial results for the fourth quarter and fiscal year 2010.   Net income from continuing operations increased to $27.4 million or $1.14 per share from $22.8 million or $0.99 in the comparable quarter of 2009. The company's results also surpassed the Zacks Consensus Estimate of $1.12. The upside was primarily due to higher operating income, lower interest expense and lower taxes.    For fiscal year 2010, earnings … [visit site to read more]

OfficeMax Forecasts Higher Margin Posted: 15 Sep 2010 06:05 AM PDT OfficeMax Inc. (NYSE:OMX), one of the leading office supplies retailers, now expects third-quarter 2010 adjusted operating income margin to be just above the prior-year quarter principally due to a favorable settlement of sales tax issues.    However, excluding these settlements, adjusted operating income margin will remain in line with the company’s previous guidance of a lower adjusted operating margin for the third quarter compared with the year-ago quarter.    OfficeMax … [visit site to read more]

Forex Trading: EURJPY Surges On BOJ Intervention. 100 Day MA Eyed Above Posted: 15 Sep 2010 05:55 AM PDT … [visit site to read more]

U.K. Jobless Claims Unexpectedly Rises In August, Eurozone CPI Eases Posted: 15 Sep 2010 04:30 AM PDT   Fundamental Headlines • Japan Intervenes, Pushing Yen Lower – Wall Street Journal • Outlook Clouds Fed Move – Wall Street Journal • EU Unveils Crackdown on Derivatives – Financial Times •Japan Sells Yen for First Time Since 2004 as 15-Year High Stifles Recovery – Bloomberg • Naked Short-Sellers, Derivatives Traders Face European Union Restrictions – Bloomberg GBP/USD: Jobless claims in the U.K. rose 2.3K in August after falling a revised 1.0K the previous month, while … [visit site to read more]

America Wants To Throw The Bums Out Of Washington And Wall Street Posted: 15 Sep 2010 04:00 AM PDT With the most important elections in our lifetime  – since the last election at least — less than 8 weeks away, the pulse of the country is clearly beating and sending a strong message. What is the tone of that message? Americans are increasingly sickened by the standard 'business as usual' politics and are getting ready to 'throw the bums out.' In light of the disasters that have played out on our political and economic landscapes, can you blame America at this juncture for … [visit site to read more]

Baltic Dry Index: Dark Clouds On The Horizon? Posted: 15 Sep 2010 03:58 AM PDT Investors in mature-market equities, commodity prices, emerging markets and commodity-related currencies cheered the August PMIs released earlier this month as they came in better than expected, especially those of China. At the same time the Baltic Dry Index, seen as an important indicator of global trade, surged. On the Investment Postcards blog in August I pointed out what was happening to the Baltic Dry Index and what the surge in that index implied. Thankfully, my analysis turned out to be … [visit site to read more]

El-Erian Vs Berner: Soft Patch Or Double Dip? Posted: 15 Sep 2010 03:57 AM PDT Mohamed El-Erian, CEO of Pimco, and Dick Berner, chief US economist at Morgan Stanley, debate whether we're experiencing an economic soft patch or double … [visit site to read more]

Marc Faber: Stock Markets In A Trading Range Posted: 15 Sep 2010 02:57 AM PDT "I think that there are people who have extreme views, either extremely bullish or extremely bearish. I think we are maybe in a kind of a trading range whereby first we go down somewhat into October–November and then rally again towards the end of the year," said Marc Faber, author of the Gloom Boom & Doom Report in a CNBC … [visit site to read more]

Global Services PMIs For August: Mixed But Weakening Trend Posted: 15 Sep 2010 02:56 AM PDT Country Non-manufacturing/ Services PMI August 2010 July 2010 Trend United States 51.5 54.3 Sharply lower, expanding Euro zone 55.9 55.8 Elevated, expanding Germany 57.2 56.5 Robust France 60.4 61.6 Robust Italy 51.4 49.6 Expanding again Spain 49.2 51.3 Contracting Ireland 52.9 55.7 Softer, expanding UK 51.3 53.1 Softer, expanding Japan 48.7 46.3 Contraction moderating Emerging Economies Brazil 52.6 51.3 Higher, … [visit site to read more]

Robin Griffiths: Best Shorting Opportunity Of 2010 Posted: 15 Sep 2010 02:54 AM PDT "Do not put risk on; we're getting ready for the best shorting opportunity of the year," Robin Griffiths, technical strategist at Cazenove Capital told CNBC, looking at the S&P 500 … [visit site to read more]

FNB/BER Consumer Confidence Shows Firm Bias Posted: 15 Sep 2010 02:30 AM PDT By Cees Bruggemans, Chief Economist FNB. FNB/BER consumer confidence has improved minimally from +14 in 2Q2010 to +15 in the 3Q2010, effectively staying unchanged at this high level for three quarters now, but strongly up from +1 a year ago and much higher than the cyclical low of –4 two years ago. Most remarkable about the 3Q2010 survey result is that South African consumer confidence remains in boom-time territory reminiscent of 2006-2007, and on a par with previous cyclical peaks in 1994, … [visit site to read more]

The Anomalous Business Upswing Posted: 15 Sep 2010 02:25 AM PDT By Cees Bruggemans, Chief Economist of FNB. We are told things are 'unusually uncertain'. That certainly applies to some countries, and to some sectors. But how unusually uncertain is South Africa's new business upswing really? Is there reason for worry? And what policy action may we still expect, if any? No two business cycles are ever quite the same. Their upswings, peaks, downswings and troughs all differ, mostly minutely but sometimes more than average, in length, amplitude and rate … [visit site to read more]

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