Wednesday, September 22, 2010

Daily Markets - Citi Forward® Card For College Students Review

Daily Markets - Citi Forward® Card For College Students Review


Citi Forward® Card For College Students Review

Posted: 22 Sep 2010 07:50 AM PDT

Before you apply for this card, read this!

If you are student, having a student credit card has many advantages. Unlike a debit card, student credit cards can help you establish a credit history, and if you make purchases with it and pay your bills on time, you would build a good credit score over time, which is important when you find employment in the future or apply for loans.

The Citi Forward®Card For College Students is a standard Visa card issued by Citibank (NYSE:C) for those … [visit site to read more]


Will Commodity Funds Turn Vegetarian Soon?

Posted: 22 Sep 2010 07:37 AM PDT

Fundamentals
There is a lot of beef on the buy side of speculators’ trading cards lately, as commodity funds have moved to a record net-long position in Live Cattle futures. Many of the “bullish” views in Cattle prices comes from the over $10 per hundredweight rally seen in the December futures since mid-June, which sent prices over psychological resistance at 100.00 during the past several weeks. However, recent fundamentals may cause these funds to cut-back on the protein. The most recent … [visit site to read more]


ProLogis Leases In Chicago

Posted: 22 Sep 2010 07:35 AM PDT

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, recently signed a new lease agreement spanning about 105,000 square feet of space in Chicago. The deal was signed with an unnamed third-party logistics provider for an undisclosed amount. The continued leasing activities in the region show signs of stability in the industrial property market in the U.S. after a prolonged recession that pushed back the sector.
 
The lessee will occupy the space at ProLogis Park O’Hare … [visit site to read more]


Jacobs Wins 2 Engineering Contracts

Posted: 22 Sep 2010 07:35 AM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) has won engineering contracts, one each from Hydrogen Energy California, LLC and Scania. According to the agreement, the former will be provided with water treatment and zero liquid discharge facility in Bakersfield, Calif.
 
Scania, one of the world’s leading manufacturers of heavy transport, will be offered services to erect a new climatic wind tunnel in Sodertalje, Sweden.
 
The management did not disclose the contract value, but we believe … [visit site to read more]


General Mills Outpaces Estimates

Posted: 22 Sep 2010 07:35 AM PDT

General Mills (NYSE:GIS) reported strong results for the first quarter of fiscal 2011. For the quarter, adjusted earnings increased 12.9% to 70 cents a share, compared with 62 cents in the year-ago period.

The quarterly EPS surpassed the Zacks Consensus Estimate of 63 cents by 11.1%. Profits were mainly driven by strong cereal and snack sales growth.

Management reiterated its fiscal 2011 earnings in the range of $2.46 – $2.48 a share. Excluding mark-to-market effects and the tax charge related … [visit site to read more]


Positive Trends Still Back Gannett

Posted: 22 Sep 2010 07:35 AM PDT

With the improvement in the economic environment, murmurs about advertisers returning to the market are gaining ground. Gannett Co. Inc. (NYSE:GCI), the diversified media conglomerate, is expected to benefit from positive trends that are emerging in both print and digital advertising with the advertisers' spending gaining pace.
 
The rate of fall in publishing advertising revenue has been decelerating since fiscal 2009, and continues to shrink in fiscal 2010 as advertising demand firms. … [visit site to read more]


A Quick Daily And Weekly View Of Apple At New Highs

Posted: 22 Sep 2010 07:31 AM PDT

Shares of Apple Inc (NASDAQ:AAPL) broke to new highs this week after rallying the last three weeks in a row in a breakout that investors and traders have been expecting was due.

Let's take a quick look at the structure of the breakout and see what the charts have to say about the stock – and what levels are important to watch for confirmation.

First, the larger-structure Weekly Chart:

Apple has proven to be one of those "Short at your own risk" stocks, and a great lesson in … [visit site to read more]


Hot Stock News For Wednesday: Adobe, Morgan Stanley, JP Morgan, Citigroup, Prudential, Cintas, Deutsche Bank, BP, HSBC, Barclays, GlaxoSmithKline, BHP Billiton

Posted: 22 Sep 2010 07:26 AM PDT

UK banks are likely to be forced to hold more capital than required under rules announced this month by the Basel Committee on Banking Supervision, the head of the Head of the FSA's Turner said. (FT)

UK

BP (NYSE:BP) – Two workers yesterday suffered burns while working at co.'s 475,000 barrel per day Texas City, Texas refinery, according to a co. spokesman. (RTRS)

HSBC (NYSE:HBC) – Co.'s Chief Executive Geoghegan has threatened to quit his job if he is not promoted to the … [visit site to read more]


Stock Market News Briefs: American Express Company, Baxter International, Deutsche Bank AG, General Mills, Goldman Sachs Group, Jefferies Group, Morgan Stanley, Novartis AG, Time Warner, Adobe Systems Incorporated, EBay, Microsoft Corporation

Posted: 22 Sep 2010 07:05 AM PDT

 Adobe Systems (NASDAQ:ADBE) reported fiscal third-quarter earnings of 54 cents a share, a nickel higher than anticipated, on revenues, up 42% to $990 million, versus estimates of $985 million. For the current quarter the company expects earnings of 48 cents to 54 cents. However, the company's shares dropped more than 12% in after-hours trading yesterday after the firm provided downside revenue guidance, citing slower demand from back-to-school student and school shoppers and Japanese … [visit site to read more]


TheMarkets.com Goes To Capital IQ

Posted: 22 Sep 2010 07:05 AM PDT

Capital IQ that offers financial information tools to investors, recently acquired its smaller competitor, TheMarkets.com, thereby strengthening its position in the highly competitive financial data provider sector. Capital IQ is a unit of Standard & Poor’s, which is a division of The McGraw-Hill Companies Inc. (NYSE:MHP).
 
The terms of the transaction were not disclosed, but according to The Wall Street Journal, Capital IQ paid $300 million to acquire TheMarkets.com, the provider of … [visit site to read more]


Vale Acquires Logistics Firm

Posted: 22 Sep 2010 07:05 AM PDT

Vale S.A. (VALE), Brazil's largest mining company, has acquired a 51% stake in a Mozambique logistics firm, Sociedade de Desenvolvimento do Corredor do Norte SA (“SDCN”), for moving coal from its Moatize coal project in Mozambique, Africa.
 
The acquisition will help in the second phase of the coal project as the movement of coal for the first phase is already agreed with the Linha do Sena railway.
 
Vale expects to produce 11 million tons of coal in the first phase of the … [visit site to read more]


Forex Trading: EURUSD: The Trend Is Indeed Your Friend. When Is It Not?

Posted: 22 Sep 2010 06:45 AM PDT

Ingram Micro Adds New Units

Posted: 22 Sep 2010 06:35 AM PDT

Leading distributor of Information Technology (IT), Ingram Micro Inc. (NYSE:IM) recently announced the addition of two new technology divisions within its U.S. operations. The new units will strengthen the company's value chain and benefit its channel partners.
 
The two new divisions, namely Advanced Technology and Advanced Computing Divisions, will deliver value-based and specialized opportunities to channel partners in the U.S., thereby helping them to profit more from the developing … [visit site to read more]


Swiss Franc: Under Pressure

Posted: 22 Sep 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]


Japanese Yen: The Downside Prevails

Posted: 22 Sep 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]


British Pound: Under Pressure

Posted: 22 Sep 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]


Euro: Under Pressure

Posted: 22 Sep 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]


Technology Is Key When It Comes To Oil & Gas Plays

Posted: 22 Sep 2010 06:14 AM PDT

Alexander Montano, managing director of the Corporate Finance Group with California-based C. K. Cooper & Co., puts a lot of faith in technology when it comes to making oil and gas plays pay. Alex sees major opportunities for new technology in old oil basins and suggests some names making good on that thesis in this exclusive interview with The Energy Report.

The Energy Report: Alex, oil traders seem to be showing a growing confidence that U.S. economic growth will rebound next … [visit site to read more]


EPD: New Set Of Deals With Anadarko

Posted: 22 Sep 2010 06:05 AM PDT

Enterprise Products Partners L.P. (NYSE:EPD) signed long-term deals spanning six years, with Anadarko Petroleum Corporation (NYSE:APC). As per the agreements, the partnership will provide Anadarko diverse services in South Texas Eagle Ford Shale. These services include natural gas transportation and processing, natural gas liquids (NGL) fractionation and transportation services.

The package deal will mainly facilitate Anadarko's mounting natural gas and NGL production in the region by integrating … [visit site to read more]


Earnings Preview: Nike Inc.

Posted: 22 Sep 2010 06:05 AM PDT

The global leader of sports equipment and apparel maker, Nike Inc. (NYSE:NKE) is expected to report its first quarter 2011 earnings on Thursday, September 23, 2010. The Zacks Consensus Estimate for the first quarter is $1.01 per share.
 
Fourth Quarter and Fiscal 2010 Recap
Nike's fourth quarter 2010 earnings per share came in at $1.06 per share, compared with 99 cents per share in the year-ago quarter and were in line with the Zacks Consensus Estimate. The company reported fiscal year 2010 … [visit site to read more]


The Architecture Billing Index (Leading Indicator) Improves In Aug. And In 6 Out Of The Last 7 Months

Posted: 22 Sep 2010 05:59 AM PDT

The American Institute of Architects (AIA) just released its monthly Architecture Billings Index (ABI) for August, which improved to 48.2 last month compared to 47.9 in July, and
was the sixth monthly increase during the last seven months of the leading economic indicator for construction activity.  Except for a slightly higher reading of 48.4 in April of this year, the August reading of the ABI was the highest index level since January 2008 (see chart above). … [visit site to read more]


Forex Trading: GBPUSD And EURGBP Linked Closely Today. Be Aware

Posted: 22 Sep 2010 05:56 AM PDT

Darden Reports Mixed 1Q Results

Posted: 22 Sep 2010 05:35 AM PDT

Darden Restaurants Inc.'s (NYSE:DRI) first quarter 2011 earnings of 80 cents per share were ahead of the Zacks Consensus Estimate of 77 cents and recorded an increase of 19.0% year over year.
Total revenue spiked up 4.2% from the prior-year quarter to $1.81 billion, but was below the Zacks Consensus Estimate of $1.82 billion. Combined same store sales for the company's three core brands Olive Garden, Red Lobster and LongHorn Steakhouse rose 1.1% and fared better than the zero expected growth … [visit site to read more]


U.S. Stock Market NOT Overbought

Posted: 22 Sep 2010 05:20 AM PDT

With a lot of talk around of the markets being overbought, it’s time to turn to our trusty ol’ McClellan Oscillator for checking if the markets have actually reached overbought levels. Without further ado, below are the two year charts of NYSE and NASDAQ McClellan Oscillators respectively with the overbought levels marked on them.

As we can see from the above charts, the markets have not reached overbought levels, at least not yet. I admit I was one of those who expected the markets … [visit site to read more]


Forex Trading: Ubiquitous USD-Selling The Dominant Driver Across Most Major Currency Pairs Today

Posted: 22 Sep 2010 05:13 AM PDT

Last night's FOMC meeting has sent FX markets lurching out of USD longs as the probability of further US quantitative easing was boosted considerably by an apparent shift in the central bank's stance. Keeping in line with headline expectations, the Fed kept rates on hold at 0.25%, but the real killer for the USD was the adjusted language of the statement. Although growth forecasts were left unchanged, there were downgrades to the inflation assessment, and the former language that … [visit site to read more]


Wednesday Market Analysis: US Dollar Trades Lower Post FOMC Meeting

Posted: 22 Sep 2010 05:05 AM PDT

Equities:
After Monday's opening day rally, markets went soft yesterday out ahead of the U.S Fed's Open Market Committee meeting.  Japan's Nikkei 225 Average fell24pts but remained just 2pts over the 9,600 level. In the U.K, the FTSE 100 gave back 26pts to close at 5,576, while the Stoxx Europe 50 traded lower by 18pts to 2,552. In the U.S, traders once again found reason to continue trading higher as the Dow Jones Industrial Average rose 7pts to 10,761. It is the Dow's fourth … [visit site to read more]


Has The US Dollar Collapse Begun?

Posted: 22 Sep 2010 05:00 AM PDT

It’s been my position for a while that Bernanke’s monetary policy would eventually create a currency crisis in the world’s reserve currency.

I warned that crisis would begin as soon as it became apparent the dollar was caught in the grip of the 3 year cycle decline.

I had three conditions that had to be met before I’m was willing to call the beginning of the end. The first condition was for the dollar to move below 82. That was the warning shot that problems were developing.

The … [visit site to read more]


Currency Exchange Rates & Your Investments: What You Don’t Know Can Hurt You

Posted: 22 Sep 2010 04:55 AM PDT

You may be facing immense foreign-currency risks in your investment portfolio – and not even realize it.

If that’s the case, don’t feel bad: You’re not alone.

The reality is that most American investors have no idea that currency exchange rates directly affect U.S. corporate earnings, this country’s stock market, or the growth rate of our economy.

The bottom line: These investors don’t realize that they face some pretty major foreign-exchange-rate exposure in their investment … [visit site to read more]


Will Other Tech Stocks Follow Cisco’s Lead By Paying Out Dividends?

Posted: 22 Sep 2010 04:47 AM PDT

When Cisco Systems Inc. (NASDAQ:CSCO) last week announced that it would institute the first dividend in company history, it raised hopes among investors that hi-tech companies would finally begin to loosen the strings on their hefty cash holdings.

But will other tech giants really follow suit and institute dividends of their own?

Cisco Chief Executive Officer John Chambers announced the payout last Tuesday, saying the networking giant would reward shareholders with a dividend likely to … [visit site to read more]


BoE Stands Ready To Respond In Either Direction As The Balance Of Risks Evolved

Posted: 22 Sep 2010 04:44 AM PDT

        

Fundamental Headlines
• Spains' Zapatero Says Debt Crisis Is Over – Wall Street Journal
• Gold, Silver Hit Highs – Wall Street Journal
• Fed Hints it Could Buy More Bonds – Financial Times
•Obama Loses U.S. Investor in Global Poll as Majority Abroad Favor Policies – Bloomberg
• China Won't Let Currency Rise Soon in Global Poll Signaling No. 1 Economy – Bloomberg
GBPUSD: The Bank of England released their minutes for the … [visit site to read more]


Getting Active In Build America Bonds With PIMCO’s BABZ

Posted: 22 Sep 2010 04:00 AM PDT

On September 21st, PIMCO launched its fourth actively-managed ETF in the US, the PIMCO Build America Bond Strategy Fund (BABZ: 50.70 0.00%). This is the first actively-managed ETF to hit them market from PIMCO, since the launch of the Short Term Municipal Bond Fund (SMMU: 50.58 0.00%) back in January of this year. PIMCO has had this product in filing with the SEC since the early part of this year, and still has two more actively-managed funds that are being planned.
The Build America Bond … [visit site to read more]


Trading With Zen – An Interview With Jeff Pierce, Professional Stock Trader

Posted: 22 Sep 2010 03:37 AM PDT

Jeff Pierce – Zentrader

Trading equities for a living can be a tough endeavor. Tougher than most people think it is.

That is why we at Investing Thesis have long been intrigued and curious to interview an independent professional trader. We got that chance a couple of weeks ago, when a Vancouver based trader we contacted graciously accepted our proposal to do an interview. Some of you might be familiar with this trader as he also is quite the prolific blogger. The tagline for his … [visit site to read more]


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