Thursday, September 23, 2010

Daily Markets - Citi® Platinum Select® MasterCard® Review

Daily Markets - Citi® Platinum Select® MasterCard® Review

Citi® Platinum Select® MasterCard® Review

Posted: 23 Sep 2010 07:50 AM PDT

Before you apply for this card, read this!

It’s best to have a low interest credit card if you are not able to pay off your balance in full every month. Low interest credit cards offer some of the lowest ongoing interest rates for purchases and balance transfers. In this article, I will do a review of the Citi® Platinum Select® MasterCard® which is one of Citibank’s (NYSE:C) most popular low interest credit card offers.

Things We Like About This Card:

0% introductory APR on … [visit site to read more]

FOMC Statement Looks “Golden” To Traders

Posted: 23 Sep 2010 07:39 AM PDT

Fundamentals
The bull market in Gold futures got a major boost yesterday afternoon, after the Federal Reserve policy making committee left open the possibility of additional easing to help spur economic growth. Traders reacted to this statement by selling the U.S. Dollar, which helped to support commodities — especially Gold. In addition, some investors and traders are looking to diversify away from specific country “currency” risk and move some assets into Gold, which has become a sort of … [visit site to read more]

Masimo SpMet Test Is Accurate

Posted: 23 Sep 2010 07:35 AM PDT

Masimo Corporation (NASDAQ:MASI), a pioneer in non-invasive tests, recently reported that a fresh study, published in Anesthesia & Analgesia, found that results from its continuous and noninvasive methemoglobin (SpMet) test were, to a high degree, compatible with corresponding lab values for methemoglobin derived through invasive tests.  This study also concluded that SpMet may be used for early identification and treatment of methemoglobinemia (a blood disorder) during high-risk … [visit site to read more]

Rio Tinto On Investment Spree

Posted: 23 Sep 2010 07:35 AM PDT

During the middle of September, Rio Tinto (NYSE:RTP), one of the leading mining companies, disclosed its intension to infuse $803 million to complete the underground block cave project at the Argyle Diamond Mine located in Australia , to be operational by 2013.
 
The investment is expected to extend the life of the mine by another 6 years and from 2013 onwards it is expected to produce 9 million tons annually.
 
During the recession, Rio aligned its production levels and reduced … [visit site to read more]

Forex Trading: EURUSD Keeps Bearish Bias In Volatile Action

Posted: 23 Sep 2010 07:30 AM PDT

Forex Trading: USDCHF: Failed Break Is A Reason To Correct

Posted: 23 Sep 2010 07:18 AM PDT

SunPower To Construct Solar Park

Posted: 23 Sep 2010 07:05 AM PDT

SunPower Corp. (SPWRA) has been awarded a contract to design, build, operate, and maintain a solar park in Dover, Delaware. SunPower will construct the 10-megawatt Dover SUN Park for White Oak Solar Energy, L.P., a wholly owned subsidiary of LS Power Group.
 
The 103-acre solar park will be equipped with SunPower Tracker systems along with the most efficient SunPower E19 solar panels. Through this solar park, White Oak expects to deliver emission-free solar power to the regional utility … [visit site to read more]

BGC Acquires BICC Egypt

Posted: 23 Sep 2010 07:05 AM PDT

General Cable Corporation (NYSE:BGC) expanded its business geographically in the Mediterranean and North African region with the acquisition of BICC Egypt, manufacturer of diverse type of wire and cable products for the electrical markets. Generating about $30 million of annual revenue, BICC Egypt's products range from insulated power and control cables, building wire, instrumentation cable, halogen free power and control cables to overhead power cables.
 
The Mediterranean and North … [visit site to read more]

Liberty Property Offers Senior Notes

Posted: 23 Sep 2010 07:05 AM PDT

Liberty Property Trust (NYSE:LRY), a leading real estate investment trust (REIT), has recently announced an offer to sell $350 million worth of 4.75% senior unsecured notes due October 2020. The notes are priced at 99.76% to yield 4.78%.
 
BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C), and Wells Fargo Securities, part of Wells Fargo & Company (NYSE:WFC), are acting as joint book-running managers … [visit site to read more]

BMC Software Enhances Cloud App

Posted: 23 Sep 2010 06:35 AM PDT

The leading large enterprise software company, BMC Software Inc. (NYSE:BMC) recently announced that it would include Salesforce.com Inc.'s (NYSE:CRM) Chatter 2 application to its cloud-based platform "ServiceDesk on Force.com" to address increasing customer demand for Information Technology Service Management (ITSM) solutions. The Chatter 2 application is the second iteration of the original Chatter application, which includes social networking features such as Twitter and … [visit site to read more]

Stock Market News Briefs: Goldman Sachs Group, McDonald’s, Mylan, Red Hat, Rite Aid, Tiffany & Co., UBS AG, Bed Bath & Beyond, Brocade Communications Systems

Posted: 23 Sep 2010 06:35 AM PDT

 Bed Bath & Beyond (NASDAQ:BBBY) reported better-than-expected earnings after the close of markets yesterday. Fiscal second quarter earnings beat estimates by 7 cents, coming in at 70 cents on an 11.6% revenue gain to $2.14 billion, up slightly from estimates of $2.10 billion

 Red Hat (NYSE:RHT) topped estimates with second-quarter earnings one cent higher than anticipated at 19 cents, as revenues climbed 19.7% to $219.8 million, above estimates of $211.5 million

 Rite Aid … [visit site to read more]

RIMM’s Tablet Ready For Launch

Posted: 23 Sep 2010 06:35 AM PDT

Research In Motion Limited (NASDAQ:RIMM) is all set to launch its new tablet computer as well as the operating system that will power it, next week.
 
The tablet computer is being built by Quanta Computer Inc of Taiwan and will run on chips from Marvell Technology Group Inc. (NASDAQ:MRVL). The tablet will be based on a new operating system developed by QNX Software Systems. Research In Motion acquired QNX from Harman International in April 2010.
 
Research In Motion is using operating system … [visit site to read more]

Bed Bath & Beyond Beats

Posted: 23 Sep 2010 06:35 AM PDT

Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported better-than-expected second-quarter 2010 results on the heels of double-digit growth in sales and higher margins. Earnings rose 35% to 70 cents per share from the year-ago quarter earnings of 52 cents a share and handily surpassed its earnings guidance range of 59 cents to 63 cents per share. Bed Bath & Beyond also outpaced the Zacks Consensus Estimate of 63 cents a share.

The company has reported six consecutive quarters of improving trends … [visit site to read more]

Indexing Capital Gains Tax For Inflation Protection

Posted: 23 Sep 2010 06:31 AM PDT

Tourism Spending And Jobs Are Coming Back

Posted: 23 Sep 2010 06:19 AM PDT

The BEA reported today that real spending on travel and tourism in the U.S. increased at an annual rate of 3.0% in the second quarter to $597 billion, the highest level since the third quarter of 2008 (see chart above).  This follows an increase of real tourism spending of 5% in the first quarter, and marks the fourth quarterly increase in the last five quarters. 

Other highlights include:

1. Passenger air transportation spending increased 3.9% in the second quarter … [visit site to read more]

Japanese Yen: The Downside Prevails

Posted: 23 Sep 2010 06:18 AM PDT

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

British Pound: Under Pressure

Posted: 23 Sep 2010 06:18 AM PDT

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

Euro: Under Pressure

Posted: 23 Sep 2010 06:18 AM PDT

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

Red Hat: Results Mixed, Guides Up

Posted: 23 Sep 2010 06:05 AM PDT

A leading open source solutions provider, Red Hat Inc. (NYSE:RHT) reported second quarter fiscal 2011 non-GAAP earnings per share (EPS), below the Zacks Consensus Estimate. EPS was in sync with the year-ago quarter. The shares fell 4.37% ($1.68) and closed at $36.75 in regular session.
 
However, revenues beat the Zacks Consensus Estimate and were above the year-ago quarter. Management also raised its guidance for the full year 2011, above the Zacks Consensus Estimate. This pulled up shares … [visit site to read more]

MetroPCS Launches First LTE In U.S.

Posted: 23 Sep 2010 06:05 AM PDT

MetroPCS Communications Inc. (NYSE:PCS), the sixth-largest prepaid wireless service operator in the U.S., launched its first 4G Long-Term Evolution (LTE) wireless broadband service and dual-mode smartphone (designed to run on LTE and CDMA networks) in Las Vegas.
 
MetroPCS is the first mobile operator to offer LTE services in the United States through a partnership with Samsung Telecommunications America. It offers the first commercially available LTE enabled handset, the "Samsung … [visit site to read more]

Stocks To Know For Thursday: Microsoft, Dell, AT&T, Potash, BHP Billiton, HSBC, Morgan Stanley, Goldman, Adobe

Posted: 23 Sep 2010 05:42 AM PDT

U.S. stocks fell Wednesday, dragging the S&P 500 Index to its biggest decline in two weeks, as a weakening earnings outlook for technology and financial companies overshadowed speculation the Federal Reserve is warming up the print presses for QE2.

Adobe Systems (NASDAQ:ADBE) tumbled 19% after estimating sales that missed analysts' projections and PMC-Sierra dropped 6% as the chipmaker reduced its third-quarter revenue forecast. Microsoft (NASDAQ:MSFT) shed 2.2%after announcing a dividend … [visit site to read more]

Forex Trading: EURUSD Corrects After 10 Day Rally And 800 Pips

Posted: 23 Sep 2010 05:41 AM PDT

The EURUSD corrects after 10 day rally and 800 pips. The bias remains to the downside today as long as the price stays below the 1.3360 area where the 100 bar MA on the 5 minute chart is found. If so, I expect further profit … [visit site to read more]

Hot Stocks To Know For Thursday: Goldman Sachs, Bed Bath & Beyond, Adobe, British Airways, HSBC, Vodafone

Posted: 23 Sep 2010 05:36 AM PDT

Vodafone (NYSE:VOD) – Co.'s CEO says its less likely than other options for co. to merge with Verizon. (Daily Telegraph)

UK

HSBC (NYSE:HBC) – Co.'s Finance Director Douglas Flint is likely to replace Stephen Green as chairman, citing people close to the bank's board. (FT)

British Airways (BAY) – Spain's Iberia approved co.'s funding plan for a multi-billion-pound pension deficit on Wednesday, removing the last major obstacle for the two airlines to merge before year-end. … [visit site to read more]

Filtering For Value And Growth: Entegris

Posted: 23 Sep 2010 05:28 AM PDT

It’s not often you find a company getting high praise everywhere from mutual fund managers and top research outlets all the way down to message boards and water coolers that’s been trading in one direction: sideways.  It is also rare to find a stock trading at the same price it did a year ago with almost the same amount of shares outstanding, a fraction of the debt, and twice the revenues.  The company is Entergis (NASDAQ:ENTG), they earned $0.26 per share in the first half of this year, and … [visit site to read more]

Euro Declines Against Most Major Currencies As PMI Indexes Disappoint

Posted: 23 Sep 2010 04:44 AM PDT

Fundamental Headlines
• Euro Slides on Weak PMI Data – Wall Street Journal
• Irelands Sees GDP Drop Unexpectedly – Wall Street Journal
• Eurozone Banking Worries Return to Batter Stocks – Financial Times
•Bonds Climb, Stocks Retreat on Weakening Growth as Germany Cuts Debt Sales – Bloomberg
• Central Banks Have Trouble Finding Exit From Stimulus as Recovery Weakens – Bloomberg
EURUSD: The euro is down against almost all major currencies as the Eurozone Purchasing Managers … [visit site to read more]

Have You Checked Your New Health Insurance Rates?

Posted: 23 Sep 2010 04:25 AM PDT

Our economy is experiencing disinflation and trending towards deflation, right? Well, it looks like the health insurance industry did not get that memo. If rates do go up, they can't be more than a few percent, right? Wrong!!
Although this issue is not getting the attention it deserves, once again those footing the bills in our nation are getting bent over. In my home state, a recent story highlighted Health Insurers Seeking Rate Hikes of More Than 20 Per Cent in Connecticut:

Health … [visit site to read more]

WisdomTree Preps Commodity Currency Active ETF Launch

Posted: 23 Sep 2010 04:00 AM PDT

WisdomTree Investments is preparing for the launch of a new actively-managed ETF called the WisdomTree Dreyfus Commodity Currency Fund (CCX), listed on the NYSE. WisdomTree filed a Form 8-A for registration of the securities for the fund, which is one of the final stages in development, prior to an ETF hitting the market.  Just last week, the company known for its array of currency ETFs, had filed a detailed prospectus for CCX as well.
Fund Details
The Commodity Currency Fund aims to … [visit site to read more]
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