Tuesday, September 14, 2010

Daily Markets - Review Of Discover® More Credit Card

Daily Markets - Review Of Discover® More Credit Card

Review Of Discover® More Credit Card

Posted: 14 Sep 2010 07:50 AM PDT

A very common type of reward credit card is the cash back credit card in which you get back a certain percentage of the money you spent in the form of a rebate. In this article, I will do a review of the Discover® More credit card which is one of the most popular cash back cards in the market.

Things We Like About This Card:

0% introductory APR on balance transfers. For the first 15 months, you will enjoy a 0% introductory APR on all balance transfers, after that your APR … [visit site to read more]

Sprint Inks Grid Net Deal

Posted: 14 Sep 2010 07:35 AM PDT

Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, has collaborated with smart grid software provider, Grid Net, to connect smart meters and smart grid routers using its 4G network.
 
Sprint is the first and only national wireless carrier to launch 4G network in the U.S. The company offers speedy data services to customers via 4G WiMax (a wireless broadband technology) network in collaboration with Clearwire Corp. (NASDAQ:CLWR). WiMax provides an affordable and safe solution for the … [visit site to read more]

NOV To Acquire APL For $500M

Posted: 14 Sep 2010 07:35 AM PDT

Houston-based National Oilwell Varco Inc. (NYSE:NOV), a leading manufacturer of oil and gas drilling and production equipment, agreed to acquire Advanced Production and Loading PLC ("APL"), a subsidiary of Norway-based BW Offshore Limited, for a total cash consideration of $500 million. The deal is subject to board approval and other conditions.
 
The unit of BW Offshore designs and manufactures turret mooring systems and other products for Floating Production, Storage and Offloading … [visit site to read more]

Retail Sales Better Than Expected

Posted: 14 Sep 2010 07:35 AM PDT

Retail Sales were better than expected in August. Total retail sales rose 0.4%, a tick better than the 0.3% consensus expectation, and are up 3.6% from a year ago. However, July was revised down from 0.4% growth to 0.3% growth, which makes the overall level of retail sales about where the consensus was expecting.

However, if one looks deeper into the numbers, it does look like a pretty solid report. The Retail Sales report covers far more than just the shopping malls and is a very broad-based … [visit site to read more]

Hot Stock News For Tuesday 14 September: Microsoft, Nokia, Rio Tinto, Bank of America, RBS, Lloyds, Prudential, British Airways

Posted: 14 Sep 2010 07:25 AM PDT

US Equities opened higher after encouraging data from China over the weekend and after the Basel committee agreed over new requirements for global banks, which was less stringent than expected. Stocks came-off their best levels and settled into range bound trade in the latter half of the session, in what turned out to be a relatively quiet session in terms of fresh news flow and economic releases. Financials and the tech sector outperformed in the S&P 500, with Microsoft (NASDAQ:MSFT) … [visit site to read more]

Aussie Rains Stall Wheat Early

Posted: 14 Sep 2010 07:17 AM PDT

Fundamentals
Wheat futures are modestly lower this morning, on projections that Australia’s production of the grain may jump substantially after heavy rains blanketed much of the growing region. The Australian Bureau of Agricultural and Resource Economics-Bureau of Rural Sciences forecast that the 2010-2011 crop output may jump to 25.1 million metric tons from 21.7 million metric tons — a jump of over 15%. This news may only be a temporary setback for the Wheat market, which is seeing strong … [visit site to read more]

Forex Trading: EURUSD Breaks Higher Above 1.2871 Resistance. 1.2917 And 1.2931 Key Level Now

Posted: 14 Sep 2010 07:12 AM PDT

US Well-Being Continues To Slide

Posted: 14 Sep 2010 07:05 AM PDT

Healthways (NASDAQ:HWAY) and Gallup recently published the Gallup-Healthways Monthly US Well-Being Report for August 2010. The overall measure, the Gallup-Healthways Well-Being Index, declined slightly for the third consecutive month in August, dropping from 67.1 in July to 66.9 in August. The latest scorecard ended a run of 4 consecutive months during which time the index remained at, or above, 67. Further, all 6 domain scores declined in tandem in August 2010.
 
The reduced composite … [visit site to read more]

Paychex Rolls Out New Solution

Posted: 14 Sep 2010 07:05 AM PDT

New York-based outsourcing service provider, Paychex Inc. (NASDAQ:PAYX) announced the rollout of a new solution for filling up form 5500. The solution will come in handy for the many organizations offering retirement schemes.
 
Form 5500 is an annual reporting requirement prescribed under the Internal Revenue Code (IRC) and Employee Retirement Income Security Act (ERISA) for employers offering employee pension benefit plans. On June 15, the Department of Labor (DOL) announced that employers … [visit site to read more]

ProLogis’ Industry Report On Europe

Posted: 14 Sep 2010 06:35 AM PDT

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, has recently released its research on the state of the industrial property markets in Europe. The research report, titled "Glimmers of Recovery", concluded that improving economic conditions have eventually fuelled a recovery in industrial real estate and the stage is set for a continuing recovery with limited new supply in the pipeline.
The in-depth study analyzes the market statistics compiled from a variety of … [visit site to read more]

Stock Market News Briefs: Bank Of America, Barclays PLC, Best Buy Co., Enbridge Inc, J P Morgan Chase & Co, Piper Jaffray Companies, Salesforce.com Inc, Green Mountain Coffee Roasters, Informatica, MedAssets

Posted: 14 Sep 2010 06:35 AM PDT

 Best Buy (NYSE:BBY) posted earnings sharply above estimates at 60 cents, versus estimates of 44 cents on revenues of $11.34 billion

 MedAssets (NASDAQ:MDAS) plans to purchase The Broadlane Group for $850 million in cash

 Reports say Green Mountain Coffee Roasters (NASDAQ:GMCR) is planning to buy rival firm Van Houtte for about $1 billion

 Barclay’s (NYSE:BCS) global services conference will include presentations by JP Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)

 Enbridge … [visit site to read more]

Monsanto Partners With AgraQuest

Posted: 14 Sep 2010 06:35 AM PDT

Missouri-based agricultural company, Monsanto Company (NYSE:MON) will partner with AgraQuest Inc., a biotechnology company, for three years to use the latter's biopesticide in order to protect its seeds from nematodes, and various diseases and insects. This would help in maximizing the seeds' yield potential and thereby enhance crops and vegetable growth.
 
Monsanto has been continuously increasing its production and focusing on innovation and upgrading of technology to make farmers more … [visit site to read more]

Forex Trading: USDCAD Tests Trendline Support AGAIN

Posted: 14 Sep 2010 06:29 AM PDT

Stronger data out of Canada today has strengthened the CAD$ (weakened the USDCAD). However, the USDCAD is down testing support against a floor trendline. The price has tested this level at least 6 times including the last two hourly bars. A break will target 1.0205. For a review, click on the following … [visit site to read more]

Swiss Franc: Under Pressure

Posted: 14 Sep 2010 06:18 AM PDT

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

Japanese Yen: The Downside Prevails

Posted: 14 Sep 2010 06:18 AM PDT

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

British Pound: Rebound

Posted: 14 Sep 2010 06:18 AM PDT

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

Euro: Caution

Posted: 14 Sep 2010 06:18 AM PDT

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

Alibaba, Yahoo Parting Ways?

Posted: 14 Sep 2010 06:05 AM PDT

Alibaba's relationship with Yahoo Inc. (NASDAQ:YHOO), which holds a 39% stake in the Chinese e-commerce company, is turning bitter and the two appear to be drifting apart. The reason: Yahoo's growing interest in the mainland online advertising market. Alibaba says it might have to reevaluate its relationship with the U.S. company.
 
Yahoo bought the stake in 2005 by selling off its Yahoo China business to Alibaba and invested $1 billion in the group, which owns Alibaba.com, China's … [visit site to read more]

Sasol Beats But Remains Cautious

Posted: 14 Sep 2010 06:05 AM PDT

Sasol Ltd. (NYSE:SSL) announced better-than-expected results for the fiscal year ended June 30, 2010, aided by higher oil prices and improved production volumes, but partially offset by an unfavorable exchange rate.
 
The South Africa-based petrochemicals group reported headline earnings per share, excluding one-time items, of R26.44, or $3.70, beating the Zacks Consensus Estimate of $3.62. Sasol earned R25.25 during the corresponding period last year. However, operating profit declined … [visit site to read more]

Forex Trading: EURUSD Remains In The Mud Post Retail Sales

Posted: 14 Sep 2010 05:56 AM PDT

The EURUSD remains contained post the Retail Sales report this morning. The 1.2871 level will be eyed above today as will the key 1.2917 and 1.2931 levels. These levels represent the high over the last month of trading for the EURUSD. On the downside, the correction lower after yesterday's trend move higher has been well short of the 38.2% retracement at the 1.2807 level Watch the levels for clues. The market is contained but the potential exists for a break. Be aware. For the full … [visit site to read more]

Markets In Everything: The Jesus Toaster

Posted: 14 Sep 2010 05:45 AM PDT

I’m not making this up, check it out here, only … [visit site to read more]

Valuation-Informed Indexing The Real Reason Why Short-Term Timing Doesn’t Work

Posted: 14 Sep 2010 05:17 AM PDT

by Rob Bennett
It seems strange to us that there was a time when most people thought the world was flat or that there was a time when most people thought that the sun revolved around the earth. The full reality is that our way of thinking about these matters no doubt seemed strange to those who held the earlier views when they were first exposed to it. We become so accustomed to one way of thinking that we come to believe that it is the only right way of thinking. But of course that often … [visit site to read more]

Euro, British Pound Weighed By Risk Aversion

Posted: 14 Sep 2010 04:30 AM PDT

Fundamental Headlines
• Kan Wins Japan Vote– Wall Street Journal
• Japan Renews Intervention Threat – Wall Street Journal
• Bankers Fear Race to Toughen Basel III – Financial Times
•Yen Rises to 15-Year High as Kan Wins Party Race; Swiss Franc Strengthens – Bloomberg
• U.K. Inflation Unexpectedly Exceeded 3% Limit in August on Air Fares, Food – Bloomberg
GBP/USD: Annual consumer prices in the U.K. for the month of August remained unchanged at 3.1 percent, while inflation rose … [visit site to read more]

Lots Of Laughs And ‘Sense On Cents’ With New York’s Bravest

Posted: 14 Sep 2010 04:25 AM PDT

How often do we not remember what we did last week, while never forgetting the jokes told and the 3-putt greens in the midst of friends at a charitable golf outing? I was fortunate yesterday to play in a local charity golf outing with some of New York's Bravest. While the funds raised were not for the benefit of the NYFD itself, the fact that I was able to spend time in their company was awesome. Reminiscing about past golf outings while simultaneously making new memories which we can share … [visit site to read more]

Bullish Stock Market Momentum Is Impressive, But…

Posted: 14 Sep 2010 04:18 AM PDT

Monday saw another gap-up followed by dip-buyers showing up to lead us toward a strong close.  Volume was decent for this seasonal slow time with this making four straight positive closes in the S&P 500 and eight out of nine positive closes during this rally.

Technically speaking, we are overbought but don't tell that to the bulls right now as the momentum is impressive.  The problem I see is nobody fears the downside anymore and that tells me we could be nearing a top. … [visit site to read more]

Nasdaq Completes 1-2-3 Reversal

Posted: 14 Sep 2010 04:15 AM PDT

The Nasdaq 100 completed the 1-2-3 reversal Monday by rallying above the August high. We now have a confirmed trend change on the leading tech sector.

With the dollar breaking down it’s probably just a matter of time before the rest of the market follows tech. Then we can probably expect a test of the April highs before this daily cycle … [visit site to read more]
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