Daily Markets - Credit CARD Act Of 2009: Your Right To Opt Out

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• Credit CARD Act Of 2009: Your Right To Opt Out
• Leap Acquires Denali
• IGT Installs SbX In Barona
• Is The Bear Market In Natural Gas Finally Running Out Of Steam?
• Stock Market News Briefs: Advanced Micro Devices, Credit Suisse Group, Deutsche Bank AG, Dr Pepper Snapple Group, Inc, General Electric Company, J P Morgan Chase & Co, Jefferies Group, KB Home, Meadwestvaco, NCR, Nike, Piper Jaffray Companies, Apple, Netflix, Oracle, Wynn Resorts, Limited
• Treasury Aims To Sell GM At $133.78
• Halliburton Buys Canada’s Permedia
• Northern Trust Downgraded
• L-3 Communications Adds 3Di Tech
• Swiss Franc: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• NVIDIA Expands CUDA Operation
• BA To Deliver Six 777s To Cathay
• Young Adults Are Key To Health Care Reform; But There Are Strong Incentives To Remain Insured
• “A Blow To Mary Schapiro”
• U.S. Dollar Gets Punished Ahead Of The U.S. Durable Goods Orders Report
• The Super Rich Get Richer, Everyone Else Gets Poorer, And The Democrats Punt
• Systematic Trading Using Human Biases And Crowd Behaviour With Christopher Foster Of Blackheath Fund Management

Credit CARD Act Of 2009: Your Right To Opt Out Posted: 24 Sep 2010 07:50 AM PDT When you are informed of a change in terms of the account and increases in interest rates, fees and other charges, you have the right to opt out, meaning that you would be able to finish paying off the balance you owe on your credit card account at the lower interest rate, but would no longer be able to make new purchases with the card. However, you may only reject the APR increases if you are less than 60 days late in your payments! The credit card company must inform you of any … [visit site to read more]

Leap Acquires Denali Posted: 24 Sep 2010 07:32 AM PDT Leap Wireless International Inc. (NASDAQ:LEAP) announced that its subsidiary Cricket Communications Inc. would buy the 17.5 percent stake in Denali Spectrum LLC and will transfer Denali ‘s wireless licenses and spectrum lease to Savary Island Wireless LLC in exchange for a non-controlling 85 percent stake.   Under the transaction, Savary Island will take $211.6 million of the outstanding senior secured debt owed by Denali to Leap. Moreover, Ring Island Wireless LLC is contributing cash to the … [visit site to read more]

IGT Installs SbX In Barona Posted: 24 Sep 2010 07:32 AM PDT A leader in designing, manufacturing and marketing games, International Game Technology (NYSE:IGT) signed a Tier one agreement with San Diego, California based Barona Resort and Casino, to install sbX Experience Management System in their casino floor.   sbX is the first server based gaming solution that allows its operators to run their own choice of games any time and facilitates better management of casino floor at a lower operational cost. sbX also provides same amount of comfort to … [visit site to read more]

Is The Bear Market In Natural Gas Finally Running Out Of Steam? Posted: 24 Sep 2010 07:17 AM PDT Fundamentals Natural Gas futures have been mired in an over two-year-long bear market, as it appears that this commodity has been impacted by lower industrial demand tied to the economic slowdown as well as increased production out of shale rock formations. This double-whammy has sent prices down over three-fold since highs were made back in July of 2008. However, there are some signs that prices may be ready to at least stabilize just above the 4.000 area. Recent weather forecasts calling for … [visit site to read more]

Stock Market News Briefs: Advanced Micro Devices, Credit Suisse Group, Deutsche Bank AG, Dr Pepper Snapple Group, Inc, General Electric Company, J P Morgan Chase & Co, Jefferies Group, KB Home, Meadwestvaco, NCR, Nike, Piper Jaffray Companies, Apple, Netflix, Oracle, Wynn Resorts, Limited Posted: 24 Sep 2010 07:05 AM PDT  Nike (NYSE:NKE) shares ran higher after the close following its report of fiscal first quarter earnings that topped estimates by 13 cents, posting at $1.14 on revenues of $5.2 billion, up 8% from last year and in line with estimates.  Advanced Micro Devices (NYSE:AMD) lowered guidance for fiscal third quarter sales by 1-4% from the second quarter’s $1.65 billion; Street estimates for the third quarter had been $1.72 billion.  KB Home (NYSE:KBH) posted better-than-expected third … [visit site to read more]

Treasury Aims To Sell GM At $133.78 Posted: 24 Sep 2010 07:05 AM PDT The special inspector general for the $700 billion bailout, Neil Barofsky, has revealed that the U.S. government should sell the General Motors (MTLQQ) stock for $133.78 per share in order to recover nearly $50 billion of loans it extended to the automaker last year.   Last month, GM filed the first batch of paperwork required to hold an initial public offering (IPO) of the stock, tentatively scheduled for mid-November. The company will sell preferred shares, the proceeds from which … [visit site to read more]

Halliburton Buys Canada’s Permedia Posted: 24 Sep 2010 07:05 AM PDT Major oilfield service provider Halliburton Co. (NYSE:HAL) announced that it has acquired Canadian software services provider The Permedia Research Group. The financial terms of the transaction were not disclosed.   Ottawa, Canada-based Permedia's tools and expertise allow energy companies to better assess the risk and costs of developing deepwater, sub-salt and other unconventional resource plays. It specializes in petroleum systems modeling software and services that includes petroleum … [visit site to read more]

Northern Trust Downgraded Posted: 24 Sep 2010 06:35 AM PDT We have downgraded our recommendation for Northern Trust Corporation (NASDAQ:NTRS) to "Underperform" from "Neutral", given the low interest rate environment and the uncertain prospects related to changes within the financial services industry and the regulatory background.   Northern Trust's second quarter earnings of 78 cents per share outpaced the Zacks Consensus Estimate by 4 cents, reflecting a somewhat improved market and new business.   However, the low interest rate … [visit site to read more]

L-3 Communications Adds 3Di Tech Posted: 24 Sep 2010 06:35 AM PDT L-3 Communications (NYSE:LLL), in an attempt to broaden its secure satellite communications exposure, acquired 3Di Technologies. The business will report under the Microwave Group of the company's Electronic Systems segment.    Headquartered in Hanover, Maryland, 3Di Technologies provides highly specialized end-to-end secure satellite communications utilized by forward-deployed United States special operations and in-theater personnel. 3Di's products and services are applicable to … [visit site to read more]

Swiss Franc: Under Pressure Posted: 24 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 24 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 24 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Under Pressure Posted: 24 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

NVIDIA Expands CUDA Operation Posted: 24 Sep 2010 06:05 AM PDT Digital media processor and related software maker, NVIDIA Corporation (NASDAQ:NVDA), recently declared the addition of new research and educational centers to address issues relating to the processing power of its graphics processing units (GPUs).   The company's Computer Unified Device Architecture (CUDA) research centers are recognized institutions that use GPU computing for its various research projects. These CUDA centers facilitate the process of collaboration between different … [visit site to read more]

BA To Deliver Six 777s To Cathay Posted: 24 Sep 2010 06:05 AM PDT Boeing (NYSE:BA), as announced yesterday, will be delivering six additional Boeing 777-300ERs (extended range) to Cathay Pacific Airways, one of the world's leading jetliner operators. The Hong Kong-based carrier exercised its purchase rights making this the fourth consecutive addition to its acquisition and plans for the long-range jetliner since 2005.   The additional airplanes purchased as part of the deal have been valued at approximately US$1.6 billion and increase Cathay Pacific's … [visit site to read more]

Young Adults Are Key To Health Care Reform; But There Are Strong Incentives To Remain Insured Posted: 24 Sep 2010 06:04 AM PDT FOX NEWS — (Note: This is from January 2010, before Obamacare passed.) For the first time ever, the federal government is going to require that everybody obtain health insurance coverage. For those who have insurance through their employers, the so-called individual mandate may have very little impact. But for young adults, many of whom are not currently covered, the health care bill will add a new and costly expense to their budgets. MP: For the age group below 35 years, … [visit site to read more]

“A Blow To Mary Schapiro” Posted: 24 Sep 2010 05:20 AM PDT   The battle for truth, transparency, and integrity within the ring of our economic landscape is nothing short of a 15-round heavyweight brawl. With many rabbit punches thrown by those embedded in the Wall Street-Washington incestuous relationship parried and countered by those who want these badly needed aforementioned virtues, this encounter would be great entertainment if it were not so serious and impactful on our nation's well being. Breaking news last night clearly had the judges giving the most recent round in this pugilistic engagement to those in the transparency corner. Let's wind the tape and get after it. With news that both Houses of Congress have now voted to repeal the SEC's exemption from FOIA (Freedom of Information Act) requests, our ongoing pursuit of truth, transparency, and integrity won a round but not the fight yesterday. For those unaware of this story, I will offer some highlights, add some between rounds commentary, AND then ask the hard hitting questions you will most assuredly not see elsewhere. Let's navigate as Fox Business reports, House Passes Bill to Repeal SEC FOIA Rule, Sends to Obama, … [visit site to read more]

U.S. Dollar Gets Punished Ahead Of The U.S. Durable Goods Orders Report Posted: 24 Sep 2010 04:37 AM PDT          Fundamental Headlines • Japan to Release Chinese Boat Captain – Wall Street Journal • "Macro" Forces Stump Stock Pickers – Wall Street Journal • Eurozone Crackdown on Public Finances – Financial Times •German Business Confidence Unexpectedly Reaches Three-Year High This Month – Bloomberg • California Budget Deal "Framework" Reached in Talks, Schwarzenegger Says – Bloomberg EURUSD: German IFO business climate in … [visit site to read more]

The Super Rich Get Richer, Everyone Else Gets Poorer, And The Democrats Punt Posted: 24 Sep 2010 04:16 AM PDT The super-rich got even wealthier this year, and yet most of them are paying even fewer taxes to support the eduction, job training, and job creation of the rest of us. According to Forbes magazine's annual survey, just released, the combined net worth of the 400 richest Americans climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline. For example, Charles and David Koch, the energy magnates who are pouring vast sums of money into … [visit site to read more]

Systematic Trading Using Human Biases And Crowd Behaviour With Christopher Foster Of Blackheath Fund Management Posted: 24 Sep 2010 03:14 AM PDT Taking a break from equities, our interview today is with a systematic futures trader. This trader has developed a system that identifies the beginning or end of a trend. Relying on human biases and/or crowd behaviour, the strategy sniffs out dislocations in the futures markets that arise when human biases and/or crowd behaviour fail to align with existing trends. Utilizing a strict buy and sell discipline, the strategy has not had a losing year since 2003, although 2010 might be a deviation … [visit site to read more]

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