Tuesday, September 21, 2010

Daily Markets - Review Of Citi® Dividend Platinum Select® MasterCard®

Daily Markets - Review Of Citi® Dividend Platinum Select® MasterCard®


Review Of Citi® Dividend Platinum Select® MasterCard®

Posted: 21 Sep 2010 07:50 AM PDT

Before you apply for this card, read this!

Are you looking for a credit card that will give you cash back when you make purchases so that no matter what you spend on, you will get back a certain percentage of the money you spent?  A cash back credit card is a great way to save because even as you spend, you get some savings in return. In this article, I will do a review of the Citi® Dividend Platinum Select® MasterCard® which is quite a popular cash back card in the … [visit site to read more]


Kroger: Earnings Scorecard

Posted: 21 Sep 2010 07:35 AM PDT

The Kroger Company (NYSE:KR), one of the largest grocery retailers, posted second-quarter 2010 results on September 14, 2010 that outpaced the Zacks' expectations.
 
Street analysts had nearly a week to digest the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term outlook for the stock.
Earnings Report Review
 
Kroger's quarterly earnings of 41 cents a share … [visit site to read more]


Dell Launches New SMB Solutions

Posted: 21 Sep 2010 07:35 AM PDT

Round Rock, Texas-based PC maker Dell Inc. (NASDAQ:DELL) recently rolled out a series of new solutions targeted at small and medium sized businesses (SMBs). The solutions will help the SMBs to upgrade their information technology (IT) platform.
 
Dell's newly launched products are PowerEdge servers, PowerVault storage, and PowerConnect networking solutions. According to the company, the solutions will be vital for developing businesses with constrained budgets for IT resources.
 
Despite … [visit site to read more]


Forex Trading: GBPUSD Wanders Higher. Levels Defined.

Posted: 21 Sep 2010 07:31 AM PDT

Stocks To Know For Tuesday: Microsoft, IBM, Netezza, M&T Bank, Nokia, BHP Billiton, Banco Santander, Potash, Tesco

Posted: 21 Sep 2010 07:28 AM PDT

Monday, was a risk on up day for US stocks led by financials and builders ahead of the FOMC tonight with many market participants clearly front running what they expect to be another round of QE. To recap US stocks rose Monday, sending the S&P 500 Index to a four-month high, after homebuilder Lennar (NYSE:LEN) very surprisingly beat analysts' earnings estimates (given the dire reading on the NAHB) and IBM (NYSE:IBM) announced a $1.7 billion takeover of analytics-technology company Netezza … [visit site to read more]


Hot Stock News For Tuesday: IBM, Nokia, Lennar, HSBC, Deutsche Bank, BHP Billiton, Banco Santander

Posted: 21 Sep 2010 07:20 AM PDT

HSBC (NYSE:HBC) – Co. is weighing the possibility of appointing it's current Chief Executive Officer Geoghegan, as its next chairman. (Times)

UK

Standard Chartered – There are rumours that co. is preparing for fundraising to finance acquisition deal, with Northern Trust as a potential target. (Telegraph)

BHP Billiton (NYSE:BHP) – Co. says it has decided to extend its offer for Potash Corp till 18th November, following the Canadian Competition Bureau issuance of a Supplementary … [visit site to read more]


Stock Market News Briefs: AutoZone, Bristow Group Inc, ConAgra Foods, Cott, Deutsche Bank AG, Discover Financial Services, Forest Laboratories, Goldman Sachs Group, Hewlett-Packard Company, Nabors Industries, Nokia, Sprint Nextel, Wells Fargo & Company, JA Solar Holdings, Co., Ltd.

Posted: 21 Sep 2010 07:05 AM PDT

 Nokia (NYSE:NOK) for the second time announced delivery delays of its N8 model smartphone

 ConAgra (NYSE:CAG) announced worse-than-expected fiscal first quarter earnings of 34 cents a share, off estimates of 39 cents, on revenues of $2.82 billion, below estimates at $2.98 billion

 AutoZone (NYSE:AZO) reported better-than-forecast sales and earnings for fiscal fourth quarter, with earnings of $5.66 ahead of Street estimates at $5.42 and revenues of $2.45 billion better than the … [visit site to read more]


ConAgra Underperforms

Posted: 21 Sep 2010 07:05 AM PDT

North America's leading packaged food company, ConAgra Foods, Inc. (NYSE:CAG), has reported results for the first quarter of fiscal 2011, which are slightly below expectations on account of increases in costs and expenses as well as a high domestic inflation rate.

EPS (excluding a one-time expense) was 34 cents, down from 38 cents in the year-ago quarter, and net income was $151.6 million, down 10.5% from $169.3 million in the first quarter of fiscal 2010. Reported EPS was far below the Zacks … [visit site to read more]


GGP Gains Summerlin Ownership

Posted: 21 Sep 2010 07:05 AM PDT

General Growth Properties Inc. (NYSE:GGP), a real estate investment trust (REIT) that owns shopping malls in the U.S., has recently obtained the remaining stake of a residential development project in Las Vegas called Summerlin for $230 million. With the deal, General Growth would gain full ownership of the property from the legal heirs of its erstwhile owner Howard Hughes.
 
According to the terms of the deal, General Growth would pay $220 million either in cash or stock within 30 days of … [visit site to read more]


Valero On Diesel Spree

Posted: 21 Sep 2010 07:05 AM PDT

Valero Energy Corp. (NYSE:VLO) announced that it will build two hydrocracker units. The company has revamped its plan to build two such units at its refineries in Port Arthur, Texas and St. Charles, Louisiana, at a total cost of $2.9 billion. The hydrocracker units will remove sulfur during the refining process and help the company to produce more diesel.
 
The largest U.S. independent refiner had kept this plan on hold during the downturn due to weak demand and poor refinery margins. The … [visit site to read more]


Will The Stock Market See A Short-Term Top?

Posted: 21 Sep 2010 06:48 AM PDT

The market is now 16 days into the current daily cycle. We typically see a minor half cycle correction around day 15-20. I’m guessing the Fed is going to give the market exactly what it wants to hear today. I also think the market has already discounted that.

I expect the “news” will be used to take profits after the strong rally of the last three weeks (the pullback into the half cycle low). I also expect bears will mistakenly see this as the market finally coming to its senses and … [visit site to read more]


CA Partners Fujitsu

Posted: 21 Sep 2010 06:35 AM PDT

Major Technology player CA Inc. (NASDAQ:CA) recently disclosed its strategic tie-up with Fujitsu Limited, whereby the two companies will enhance their product portfolio  as well as their cloud computing strategies.
 
As per the terms of the latest Original Equipment Manufacturer (OEM) agreement, Fujitsu will sell CA Application Performance Management solutions in Japan, along with its SOA middleware suites and system management software suites. Moreover, CA will sell Fujitsu's business … [visit site to read more]


Chevron And TPAO Join Forces

Posted: 21 Sep 2010 06:35 AM PDT

Chevron Corporation (NYSE:CVX) through its Turkish subsidiary signed a Joint Operation Agreement with Türkiye Petrolleri Anonim Ortaklığı ("TPAO"), Turkey's state oil company. As per the deal, Chevron will explore the western end of the Black Sea under the License 3921.
 
The exploration site is an 8,700 square mile block and is located 220 miles northwest to the capital city Ankara. Both Chevron and TPAO will hold 50% working interest in the deal. However, during the initial … [visit site to read more]


Cooper Raises Guidance

Posted: 21 Sep 2010 06:35 AM PDT

Cooper Industries plc (NYSE:CBE) has increased its revenue and earnings per share guidance for the third quarter of 2010. The company had anticipated its third quarter revenue to expand by 2% to 5% year over year, including the effect of the deconsolidation of the Tools segment. The revenue growth guidance has now been raised by the company to the range of 6% to 8%.
 
The company also increased its earnings per share guidance to the range of 82 cents to 85 cents from its prior range of 75 … [visit site to read more]


Forex Trading: EURJPY Coiling For A Move. Be Aware. Be Prepared

Posted: 21 Sep 2010 06:28 AM PDT

The EURJPY has been coiling for a move. The pair has been in a narrow trading range over the last 3-4 days after the sharp move higher last week. This has allowed the 100 hour MA to catch up to the price. What direction will the market decide? Be aware. Be … [visit site to read more]


Swiss Franc: Under Pressure

Posted: 21 Sep 2010 06:18 AM PDT

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


Japanese Yen: The Downside Prevails

Posted: 21 Sep 2010 06:18 AM PDT

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


British Pound: Under Pressure

Posted: 21 Sep 2010 06:18 AM PDT

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


Euro: Under Pressure

Posted: 21 Sep 2010 06:18 AM PDT

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


U.S. Rig Count Recovery Continues

Posted: 21 Sep 2010 06:05 AM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting an increase in the land rig count.
 
Rigs exploration and production in the U.S. totaled 1,661 for the week ended September 17, 2010. This is up by 7 from the previous week's rig count and represents the highest level achieved this year. The current nation-wide rig count is 90% higher from the … [visit site to read more]


IBM Bids For Netezza

Posted: 21 Sep 2010 06:05 AM PDT

A premier Information Technology (IT) services provider, International Business Machines Corp. (NYSE:IBM) has agreed to acquire data warehouse company Netezza Corp. (NZ) in an all cash transaction of $1.70 billion or $27.00 per share.
 
The price of $27.00 per share reflects a 9.8% premium on September 17 closing price of Netezza of $24.60. Following the acquisition bid, Netezza's share price rose $3.67 or 14.92% to $28.27. IBM's offer values Netezza at 8.9 times of sales ($190.6 … [visit site to read more]


Forex Trading: EURUSD And The 1.3124 Level. Time To Make A Move?

Posted: 21 Sep 2010 05:46 AM PDT

The Daily Show: Working Stiffed

Posted: 21 Sep 2010 05:31 AM PDT

The Daily Show With Jon Stewart
Mon – Thurs 11p / 10c

Working Stiffed

www.thedailyshow.com

Daily Show Full Episodes
Political Humor
Tea Party

The United Food and Commercial Workers of Nevada pays temporary, non-union workers minimum wage (with no benefits) to protest and demand fair treatment and wages from … [visit site to read more]


Valuation-Informed Indexing: Emotional Market Theory

Posted: 21 Sep 2010 05:18 AM PDT

by Rob Bennett
If the market were efficient, it would always be priced properly and both overvaluation and undervaluation would be meaningless concepts. We know that is not so. Yale Professor Robert Shiller long ago published research showing that valuations affect long-term returns. So valuations are meaningful and the market is not efficient.
This reality raises troubling questions.
The Efficient Market Theory explains why stock prices change. Investors are reacting rationally to economic … [visit site to read more]


Canadian Consumer Prices Unexpectedly Slows To 1.7 Percent In August

Posted: 21 Sep 2010 04:30 AM PDT

Fundamental Headlines
• Stimulus Plan Bogged Down in Bureaucracy – Wall Street Journal
• North Korea Sets Date for Political Meet – Wall Street Journal
• Gulf States in $123 Billion U.S. Arms Spree – Financial Times
•Europe Markets Rallying as Ireland, Spain Debt Sales Buoy Equities, Euro- Bloomberg
• Ireland Market Confidence Increases as Debt Sale Narrows Spread to Germany– Bloomberg
USDCAD: Annualized consumer prices slowed to 1.7 percent in August from 1.8 percent the … [visit site to read more]


Don’t Get Bullied Out Of Bonds

Posted: 21 Sep 2010 04:08 AM PDT

Bonds have provided a welcome safe-haven for investors seeking shelter from the financial maelstrom of the past two years, offering steady returns while stocks bounce up and down.

Now some analysts are afraid that once the selling of bonds begins it will be indiscriminate, and there will be a bloodbath. But that fear totally ignores the new investment reality in which we’re living.

The fact is, stocks won’t be crawling out of the gutter anytime soon, and until they do, investors will … [visit site to read more]


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