Daily Markets - What Youth Should Know About The New Credit CARD Act Of 2009

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• What Youth Should Know About The New Credit CARD Act Of 2009
• Australian Dollar: Under Pressure
• Canadian Dollar: Under Pressure
• Military Interest In Oxycyte Continues
• LMT-ATK Partnership To Serve NASA
• FTI Raises Senior Notes Offering
• Forex Trading: EURUSD Back Up To The Days Midpoint. Does The Market Have Any Conviction?
• Stock Market News Briefs: Best Buy Co., CarMax Inc, Deutsche Bank AG, Freeport-McMoRan Copper & Gold, Gap, General Growth Properties, Goldman Sachs Group, L-1 Identity Solutions, Lubrizol, Nucor, Oppenheimer Holdings, USX, Wells Fargo & Company, Garmin Ltd., Research In Motion Limited
• CareFusion On Safety Initiatives
• Accuray’s CyberKnife At The ESTRO
• DELL Plans Expansion In China
• Forced Government Recycling Is Garbage; It Wastes Scarce, Valuable Resources And Lowers Our Wealth
• Forex Trading: EURJPY Fails To Extend On New Low Break, And Buyers Re-emerge
• Gold Trading In Uncharted Territory!
• Rising Income Inequality Has Been Exaggerated: 2X
• Marcus Reports Mixed 1Q Results
• Boots & Coots Merges With HAL
• Forex Trading: EURUSD Finds Buyers Against The 100 Hour MA
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• General Uncertainty & Impending Fed Meeting Keep Forex Trading Subdued
• BP Seals Macondo Well Permanently
• Shareholder Nod On UAUA-CAL Merger
• Stock Chart Of The Day: Concur Technologies
• Forex Trading: EURUSD Rotates Back Down. Range Extension Eyed
• More Americans Tapping Into Entitlement Programs Increases Budget Deficit
• The U.S. Economy Faces Uphill Climb But Some Companies Are Emerging As Market Leaders
• GBPUSD Halts 5-Day Avdance As The M4 Money Supply Unexpectedly Declines
• Jonathan Weil Presents “The Truman Economy”
• Event Driven, Catalyst Focussed And Special Situation Investing With Travis Dowle, CFA Of Lions Investment Management

What Youth Should Know About The New Credit CARD Act Of 2009 Posted: 20 Sep 2010 07:50 AM PDT This is the second of a series of what you can expect from the new Credit CARD Act of 2009 – explained in an easy-to-understand manner. The Credit CARD Act of 2009 that went into effect on February 22, 2010, put in place different safeguards and rules to protect those under the age of 21,  in addition to many other rules. These new rules and regulations were set in place to ensure that credit card holders under the age of 21 are able to pay off the credit they owe, in order for them … [visit site to read more]

Australian Dollar: Under Pressure Posted: 20 Sep 2010 07:43 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 20 Sep 2010 07:43 AM PDT Update on supports and resistances. … [visit site to read more]

Military Interest In Oxycyte Continues Posted: 20 Sep 2010 07:35 AM PDT Military interest in Oxygen Biotherapeutics' (OXBT) Oxycyte continues to be a strong driver for clinical development. The company's phase 2b clinical trial studying Oxycyte for the treatment of traumatic brain injury (TBI), which has been enrolling at sites in Switzerland and Israel, has recently been expanded to include enrollment from the Israeli military. We believe this could work to greatly enhance enrollment, as military blast injury (MBI) is a significant cause of TBI.  For … [visit site to read more]

LMT-ATK Partnership To Serve NASA Posted: 20 Sep 2010 07:35 AM PDT The partnership between Lockheed Martin Corporation (NYSE:LMT) and Alliant Techsystems Inc. (NYSE:ATK) recently received a part of NASA's Launch Services II contract to provide space launch services over the next 10 years. The partnership will provide NASA with launching services through its Athena Launch Vehicle Family.   Under the contract, the rockets will be launched from east and west coast launch sites, such as Cape Canaveral Air Force Station, Florida, and Kodiak Launch Complex, … [visit site to read more]

FTI Raises Senior Notes Offering Posted: 20 Sep 2010 07:35 AM PDT FTI Consulting Inc. (NYSE:FCN) announced that it has raised its senior notes offering in a private placement to $400 million from its previous offering of $350 million. The senior notes bear an interest rate of 6.75% and will mature in ten years. The senior note offering is expected to close on September 27, 2010. The company plans to use the sale proceeds from the offering to finance a simultaneously announced cash tender offer to repurchase any and all of its outstanding 7.625% senior notes due … [visit site to read more]

Forex Trading: EURUSD Back Up To The Days Midpoint. Does The Market Have Any Conviction? Posted: 20 Sep 2010 07:26 AM PDT     EURUSD back up to the days midpoint.  Does the market have any conviction to break above the 1.3082 … [visit site to read more]

Stock Market News Briefs: Best Buy Co., CarMax Inc, Deutsche Bank AG, Freeport-McMoRan Copper & Gold, Gap, General Growth Properties, Goldman Sachs Group, L-1 Identity Solutions, Lubrizol, Nucor, Oppenheimer Holdings, USX, Wells Fargo & Company, Garmin Ltd., Research In Motion Limited Posted: 20 Sep 2010 07:05 AM PDT  Safran agreed to acquire L-1 Identity (NYSE:ID) for $1.6 billion cash, or $12 per share  General Growth Properties (NYSE:GGP) paid $230 million to Howard Hughes heirs to settle a dispute  Goldman Sachs (NYSE:GS) upgraded Freeport-McMoRan (NYSE:FCX) to “buy” from “neutral,” taking the price target from $79 to $94.  Goldman Sachs (NYSE:GS) downgraded US Steel (NYSE:X) and Nucor (NYSE:NUE) from “buy” to “neutral,” dropping the price targets on US Steel from $51 to $45, and on Nucor from $45 … [visit site to read more]

CareFusion On Safety Initiatives Posted: 20 Sep 2010 07:05 AM PDT CareFusion Corporation (CFN), a global medical products company specializing in patient safety, along with Blue Cross and Blue Shield, recently announced the creation of the Illinois Hospital Quality Initiative (IHQI), in partnership with 23 hospitals. Their goal is to enhance clinical outcomes and trim health care costs by cutting down on health care-associated infections as well as medication errors.   The significance of the company's move may be gauged from the fact that every … [visit site to read more]

Accuray’s CyberKnife At The ESTRO Posted: 20 Sep 2010 07:05 AM PDT Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) has featured its CyberKnife VSI system at the European Society for Therapeutic Radiology and Oncology (ESTRO) meet in Barcelona. The company showcased multiple presentations, which underscore the system’s unique motion management capabilities in treating lung cancer.   The CyberKnife VSI robotic radiosurgery system offers the latest advancements in Accuray's proprietary CyberKnife technology. Clinical findings from two … [visit site to read more]

DELL Plans Expansion In China Posted: 20 Sep 2010 07:05 AM PDT Despite losing the 3PAR Inc. (PAR) bid to its rival Hewlett-Packard Co. (NYSE:HPQ), tech-giant Dell Inc.'s (NASDAQ:DELL) growth plans appear to be on track. Recently, the PC maker announced a major expansion plan in China to set up the second operating unit in the country.   Dell will open a manufacturing and customer support center in Chengdu, situated in Western China. Dell expects the unit to be operational by fiscal 2011 and create 3000 job opportunities. Moreover, Dell's effort in this … [visit site to read more]

Forced Government Recycling Is Garbage; It Wastes Scarce, Valuable Resources And Lowers Our Wealth Posted: 20 Sep 2010 06:58 AM PDT From Jeff Jacoby: “Unlike commercial and industrial recycling — a thriving voluntary market that annually salvages tens of millions of tons of metal, paper, glass, and plastic — mandatory household recycling is a money loser. Cost studies show that curbside recycling can cost, on average, 60 percent more per ton than conventional garbage disposal. In 2004, an analysis by New York's Independent Budget Office concluded, according to The New York Times, that "it cost anywhere from $34 to … [visit site to read more]

Forex Trading: EURJPY Fails To Extend On New Low Break, And Buyers Re-emerge Posted: 20 Sep 2010 06:54 AM PDT … [visit site to read more]

Gold Trading In Uncharted Territory! Posted: 20 Sep 2010 06:43 AM PDT Bling bling! Gold hit a fresh all-time high last week when it reached $1,282.53 per ounce. In my previous post about gold last September 2, I noted that it was already poised for an upside breakout at that time. And guess what, it did just that as it surpassed its previous high at around $1,265.05 per ounce. At present, gold is trading just below $1,280.00. If history repeats itself then it could be up for a short term dip. Notice that some time the other week, gold formed a doji … [visit site to read more]

Rising Income Inequality Has Been Exaggerated: 2X Posted: 20 Sep 2010 06:40 AM PDT From the paper “The Welfare Implications of Rising Price Dispersion” by Chicago economists Christian Broda and John Romalis: “This paper uncovers a new fact: non-durable inflation for poorer households has been substantially lower than for richer households. Using scanner data on household consumption of non-durable goods between 1994 and 2005, we document that the relative prices of low-quality products that are consumed disproportionately by low-income households were falling over this … [visit site to read more]

Marcus Reports Mixed 1Q Results Posted: 20 Sep 2010 06:35 AM PDT The Marcus Corporation (NYSE:MCS) recorded first quarter 2011 earnings of 34 cents per share, in line with the Zacks Consensus Estimate as well as year-ago quarter. However, net income of the company declined 1.9% from the prior-year quarter to $10 million due to a higher effective income tax rate.   The entertainment and lodging company's revenues upped 3.5% year over year to $114 million and surpassed the Zacks Consensus Estimate of $113 million. The upside in revenues was driven by a … [visit site to read more]

Boots & Coots Merges With HAL Posted: 20 Sep 2010 06:35 AM PDT Halliburton Co. (NYSE:HAL) – one of the largest oilfield service providers in the world – has closed its previously announced acquisition of well-intervention firm Boots & Coots Inc. in a stock and cash deal.   Per the final agreement, Boots & Coots shareholders got $1.72 in cash and $1.28 in Halliburton stock for each share they hold, thereby representing a combined price of $3.00. The cash component of the deal was worth about $142.5 million, while equity contribution was … [visit site to read more]

Forex Trading: EURUSD Finds Buyers Against The 100 Hour MA Posted: 20 Sep 2010 06:32 AM PDT The EURUSD found buyers against the 100 hour MA in the NY trade this morning. The range may be set for the day as the market awaits the FOMC decision tomorrow. Look for buyers on dips against a stop below the 100 hour MA at 1.3029 … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 20 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 20 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Under Pressure Posted: 20 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

General Uncertainty & Impending Fed Meeting Keep Forex Trading Subdued Posted: 20 Sep 2010 06:10 AM PDT A holiday in Japan has kept trading subdued at the start of this trading week. USD had been able to rally back on Friday, as EU sovereign risk concerns re-emerged. A local Irish newspaper reported that Ireland was "perilously close" to calling on the IMF for assistance. While the government was quick to refute the story by saying that the journalist misinterpreted a research report, even the suggestion of such an action had investors rushing into safe-havens Forex trades. In addition … [visit site to read more]

BP Seals Macondo Well Permanently Posted: 20 Sep 2010 06:05 AM PDT BP plc (NYSE:BP) has finally plugged the Macondo well. This announcement came yesterday after $9.5 billion (through September 17) in expenditures and five months of continuous effort.   Tony Hayward, the outgoing chief executive officer of BP group, termed this as a significant milestone in response to the Deepwater Horizon tragedy. He said this well no longer presents a threat to the Gulf of Mexico.   Though the well is now completely sealed, BP still has a lot of cleanup work to be … [visit site to read more]

Shareholder Nod On UAUA-CAL Merger Posted: 20 Sep 2010 06:05 AM PDT The pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. (NASDAQ:UAUA), and Continental Airlines (NYSE:CAL) finally received approval from shareholders of both the companies.   Announced on May 3, 2010, the merger won the antitrust approval from the U.S. government in August and received clearance from the European Commission in July. The merger is expected to close by October 1.   Upon completion, the UAUA-CAL merger will create the world's largest airline with … [visit site to read more]

Stock Chart Of The Day: Concur Technologies Posted: 20 Sep 2010 05:55 AM PDT Today’s Chart of the Day is Concur Technologies (NASDAQ:CNQR). Been consolidating nicely on lower volume the last four trading sessions above an important trendline. The volume pattern during the last two weeks looks really nice. However, things get really interesting only when one has a look at the weekly chart. The stock managed to break through important resistance levels from 2008 last week. The weekly chart not only tells us the importance of the current price levels of the stock … [visit site to read more]

Forex Trading: EURUSD Rotates Back Down. Range Extension Eyed Posted: 20 Sep 2010 05:54 AM PDT … [visit site to read more]

More Americans Tapping Into Entitlement Programs Increases Budget Deficit Posted: 20 Sep 2010 05:45 AM PDT As many U.S. citizens continue to rail against the ballooning budget deficit, the reality is that most Americans are unwilling to swallow the bitter pill it will take to tame it. Perhaps that’s because nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history, according to a report from The Wall Street Journal. At the same time, the number of American households not paying federal income taxes has grown to an … [visit site to read more]

The U.S. Economy Faces Uphill Climb But Some Companies Are Emerging As Market Leaders Posted: 20 Sep 2010 05:20 AM PDT The past five days added more color to the emerging picture of U.S. economic growth that is slow and unsteady — but still in gear. Investors decided that was good enough, and bid up risky assets. The Standard & Poor’s 500 Index rose 1.4%, emerging markets rose 1.8%, gold rose 2.2% and bonds fell. Underlying breadth modestly weakened, as the market is primarily being propelled now by a withdrawal of sellers — not an increase in buyers. News late in the week typified the … [visit site to read more]

GBPUSD Halts 5-Day Avdance As The M4 Money Supply Unexpectedly Declines Posted: 20 Sep 2010 04:30 AM PDT Fundamental Headlines • Bond Markets Grow Riskier – Wall Street Journal • Asian Stocks Mixed in Quiet Trade – Wall Street Journal • Greek Bank Stress Tests Delayed – Financial Times •Europe Debt Crisis Abating as Government Traders See Yield Spreads Narrow – Bloomberg • China Cuts Ministerial Ties With Japan in "Strong" Reaction to Boat Crisis – Bloomberg GBP/USD: Great Britain's M4 money supply for the month of August disappointed as figures unexpectedly dropped 0.2 … [visit site to read more]

Jonathan Weil Presents “The Truman Economy” Posted: 20 Sep 2010 04:13 AM PDT What can we believe? Can we believe the economic reports put forth by our government? Can we believe the quarterly reports put forth by our financial institutions? Can we believe the price action in our markets? While "the market is the market", has our country ever experienced a period in which there is such a massive disconnect between the real economy and what Uncle Sam has generated? I am often reminded of the fabulous hit movie, The Truman Show, when thinking of our current economy and … [visit site to read more]

Event Driven, Catalyst Focussed And Special Situation Investing With Travis Dowle, CFA Of Lions Investment Management Posted: 20 Sep 2010 03:25 AM PDT Travis Dowle, CFA is the President and Fund Manager of Lions Investment Management Focusing on identifying company specific catalysts such the addition or deletion of a stock from an index, the start-up of a new mine or a merger arbitrage opportunity provides a great way to maximize non-correlated long term investment returns while minimizing risk. Our next interviewee believes that simple buy and hold strategies can lead to extended losses in bear markets or to little progress in … [visit site to read more]

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