DailyMarkets.com - Does The New Credit CARD Act Allow Card Companies To Apply A New Higher Interest Rate On Existing Balances?

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• Does The New Credit CARD Act Allow Card Companies To Apply A New Higher Interest Rate On Existing Balances?
• New York Times In Neutral Lane
• Exxon Ramps West Qurna Activity
• Stocks To Know For Tuesday: MasterCard, Morgan Stanley, Royal Dutch Shell, Banco Santander, Deutsche Bank
• Zale Narrows Bottom-Line Loss
• Stock Market News Briefs: Credit Suisse Group, Dominion Resources, Goldman Sachs Group, Jabil Circuit, Las Vegas Sands Corp., Sonoco Products Company, Target, Walgreen Company, Wells Fargo & Company, Apple, Endo Pharmaceuticals Holdings, Research In Motion Limited
• Walgreen Beats Estimates
• Con Edison In Dilutive Mode
• Cracker Barrel Hikes Dividend
• Swiss Franc: Under Pressure
• Australian Dollar: Under Pressure
• Canadian Dollar: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• Mining Stocks On My Watchlist
• Cognex Upgrades Guidance
• Beckman Initiated At Underperform
• How You Can Make A Profit With These 4 Emerging Markets
• China’s Currency Policy As A Form Of Technology
• Airlines Consolidate, LUV-AAI Merge
• MarkWest Starts Majorsville Project
• Valuation-Informed Indexing VII Combines Fundamental Analysis And Technical Analysis
• U.K. GDP Gains Momentum In The Second Quarter
• A Candid Appraisal Of The Recovery
• IN FOCUS: WisdomTree Emerging Markets Local Debt Fund (ELD)

Does The New Credit CARD Act Allow Card Companies To Apply A New Higher Interest Rate On Existing Balances? Posted: 28 Sep 2010 07:50 AM PDT Interest rates are normally a topic of interest for those of us who have credit cards. When searching for low interest credit cards, we sometimes find good deals but wonder if the banks will increase the interest rate soon after we've applied for the credit card. Interest rates tend to go up and down, but what most people fear is that banks might increase the interest rate of the card you hold and set it retroactively (meaning to apply the new interest rate to your existing balances), … [visit site to read more]

New York Times In Neutral Lane Posted: 28 Sep 2010 07:34 AM PDT The sluggish advertising trend is weighing upon The New York Times Company (NYSE:NYT). The diversified media conglomerate now expects third-quarter 2010 total revenues to decline by 2% to 3%, after registering a growth of 1.2% in the previous quarter, stemming from the uncertainty among advertisers influenced by the sluggish economic recovery.   The company is witnessing a fall in print advertising and circulation revenues, as well as slowing growth in digital advertising. The publisher of … [visit site to read more]

Exxon Ramps West Qurna Activity Posted: 28 Sep 2010 07:34 AM PDT ExxonMobil Corp. (NYSE:XOM) and Royal Dutch Shell plc (RDS.A) intend to double or treble the number of new wells in Iraq’s West Qurna Phase One to fulfill their production target. The oil field has approximately 370 wells at present and a handful of the proposed wells are expected to come online by the end of this year.   In late January 2010, ExxonMobil and Shell finalized a deal to develop the West Qurna Phase One oil field in southern Iraq. Under the terms of the 20-year contract, … [visit site to read more]

Stocks To Know For Tuesday: MasterCard, Morgan Stanley, Royal Dutch Shell, Banco Santander, Deutsche Bank Posted: 28 Sep 2010 07:25 AM PDT Despite a pickup in M&A activity US Stocks posted modest losses Monday with financials leading the slide into the close. The sector shed 1.2 percent, which makes for the worst loss of any major sector. Regional banks were under some of the most pressure; they dropped 2.2 percent. Note of Irish interest MT&T slid 7 percent. The general mood wasn't helped by chat of layoffs and bonus cuts at Morgan Stanley (NYSE:MS) http://www.cnbc.com/id/39386390 and there was another flash crash … [visit site to read more]

Zale Narrows Bottom-Line Loss Posted: 28 Sep 2010 07:05 AM PDT Zale Corporation (NYSE:ZLC), the specialty retailer of fine jewelry, recently delivered fourth-quarter 2010 results. The company was able to narrow its bottom-line loss on the back of cost cuts and fewer merchandise discounts that improved margins and helped offset the decline in the top-line.   The quarterly loss came in at 89 cents a share compared with a loss of $2.81 in the prior-year quarter. The Zacks Consensus Estimate for the quarter was a loss of $1.30 per share.   The jewelry … [visit site to read more]

Stock Market News Briefs: Credit Suisse Group, Dominion Resources, Goldman Sachs Group, Jabil Circuit, Las Vegas Sands Corp., Sonoco Products Company, Target, Walgreen Company, Wells Fargo & Company, Apple, Endo Pharmaceuticals Holdings, Research In Motion Limited Posted: 28 Sep 2010 07:05 AM PDT  Walgreen (NYSE:WAG) reported better-than-expected fiscal fourth quarter earnings of 49 cents a share, five cents higher than estimates, on revenues of $16.87 billion, up 7.4% versus last year  Jabil Circuit (NYSE:JBL) posted fiscal fourth quarter earnings of 52 cents a share, three cents above estimates, on inline revenues of $3.9 billion, 37.9% above a year earlier  Research In Motion Ltd. (NASDAQ:RIMM) announced the Blackberry PlayBook, a new tablet computer, which is set for first … [visit site to read more]

Walgreen Beats Estimates Posted: 28 Sep 2010 07:05 AM PDT Walgreen (NYSE:WAG) reported an EPS of 49 cents in the fourth quarter of fiscal 2010, surpassing both the Zacks Consensus Estimate and the year-ago quarter by 5 cents. However, results for the quarter included a penny towards restructuring cost and 4 cents for the Duane Reade acquisition. The fourth quarter in fiscal 2009 included 3 cents per share towards restructuring costs. For fiscal 2010, the company reported an EPS of $2.12, meeting the Zacks Consensus Estimate but ahead of $2.02 of fiscal … [visit site to read more]

Con Edison In Dilutive Mode Posted: 28 Sep 2010 07:05 AM PDT Consolidated Edison Inc. (NYSE:ED) announced that it will issue 6.3 million shares on October 1, 2010. Con Edison expects to invest the net proceeds from the sale of the common shares in its regulated utility subsidiary, Consolidated Edison Company of New York, Inc., to fund its construction expenditures and other general corporate purposes. Historically, Consolidated Edison has funded a part of its capital programs through earnings dilutive stock issuances. As a result, its outstanding average … [visit site to read more]

Cracker Barrel Hikes Dividend Posted: 28 Sep 2010 06:35 AM PDT The Lebanon, Tennessee-based restaurant chain Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) recently announced its decision to hike its quarterly dividend by 2 cents to 22 cents per share. This translates into a 10.0% increase from the prior dividend. The increased dividend will be paid on November 5, 2010, to stockholders of record on October 15, 2010. This brings the new forward annual dividend yield to 1.75% as of September 27, 2010.   Cracker Barrel has further enhanced shareholder … [visit site to read more]

Swiss Franc: Under Pressure Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Under Pressure Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Under Pressure Posted: 28 Sep 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Mining Stocks On My Watchlist Posted: 28 Sep 2010 06:15 AM PDT I wish I had time to make a chart of each stock on my watch list and show you why each look so interesting to me.  But unfortunately I do not have that kind of time to spare. I will tell you this:  each of these stocks are on the verge (or have begun) a True Strength Index (TSI) and Money Flow Index (MFI) indicator breakout, and most are ready to do so above the ZERO crossover line, which is ideal. For you fellow stock pickers out there, enjoy! I will also add that gold (and … [visit site to read more]

Cognex Upgrades Guidance Posted: 28 Sep 2010 06:06 AM PDT Cognex Corporation (NASDAQ:CGNX) recently upgraded its revenue guidance for the third quarter of 2010. Headquartered in Natick, Massachusetts USA, Cognex designs, develops, manufactures and markets machine vision sensors and systems. A lot of manufacturing equipment requires machine vision because of the increasing demand for speed and accuracy in manufacturing processes. Revenues for the third quarter are now expected between $74 million and $76 million, substantially up from the previous guidance … [visit site to read more]

Beckman Initiated At Underperform Posted: 28 Sep 2010 06:06 AM PDT Recently, we initiated our coverage on Beckman Coulter Inc. (NYSE:BEC) with an Underperform rating. Beckman's adjusted EPS of $0.84 was way below both the Zacks Consensus Estimate of $1.07 and $0.99 in the year-ago quarter. Revenues increased 19.2% to $902 million primarily banking on the acquisition of Olympus, which contributed $116.6 million. The primary issue concerning us at present is the warning letter associated with the troponin test kits, a significant development for the company since … [visit site to read more]

How You Can Make A Profit With These 4 Emerging Markets Posted: 28 Sep 2010 05:47 AM PDT I’m focused like a laser beam on emerging markets this year, because there is much more at play than just relative strength. This is where the economic growth in the world is occurring. I hope you are participating. And if you’re not, don’t worry – there’s still time to get in and make a profit before the mainstream catches on. Let’s take a look at a few of my favorite plays right now, beginning with Singapore and Thailand – two economies I told investors to keep an eye on earlier … [visit site to read more]

China’s Currency Policy As A Form Of Technology Posted: 28 Sep 2010 05:40 AM PDT Don Boudreaux at Cafe Hayek argues again that Chinese subsidization of its exporters through an (alleged) undervalued renmimbi means that Americans get more output at lower costs, and asks ”What's the problem?” We could also invoke Bastiat’s famous Candlemakers’ Petition, and think of China as the sun, providing us with manufactured goods for prices so low that it’s almost like getting free light from the sun.  After all, if China was willing to ship goods for free … [visit site to read more]

Airlines Consolidate, LUV-AAI Merge Posted: 28 Sep 2010 05:35 AM PDT Southwest Airlines (NYSE:LUV), the largest U.S. low-cost airline, has agreed to buy AirTran Holdings Inc. (NYSE:AAI) for a combination of cash and Southwest shares. The agreement conforms with the consolidation trend in the airline industry.   This pending merger would be the third in the last two years following the oil price hike in 2008 and economic downturn in 2009. The trend was initiated with the first merger between Delta Air Lines (NYSE:DAL) and Northwest in 2008. The second is the ongoing … [visit site to read more]

MarkWest Starts Majorsville Project Posted: 28 Sep 2010 05:35 AM PDT MarkWest Liberty Midstream & Resources L.L.C and NiSource Midstream Services ('NMS") announced the start-up of operations for projects in the Majorsville Processing complex in West Virginia. MarkWest Liberty Midstream & Resources is a joint venture of MarkWest Energy Partners L.P. (NYSE:MWE) and The Energy & Minerals Group, while NiSource Midstream Services is a unit of NiSource Gas Transmission & Storage ("NGT&S").   First of its type, Majorsville complex is an … [visit site to read more]

Valuation-Informed Indexing VII Combines Fundamental Analysis And Technical Analysis Posted: 28 Sep 2010 05:33 AM PDT by Rob Bennett Going back to the earliest days of stock analysis, there have been two major branches of thought: (1) those who favored Fundamental Analysis, looking at how the underlying companies are likely to perform; and (2) those who favored Technical Analysis, looking at how investors' perceptions of stocks (and this the prices they assign to them) change regardless of the economic realities. Valuation-Informed Indexing is the first model (so far as I know — please let me know if I am … [visit site to read more]

U.K. GDP Gains Momentum In The Second Quarter Posted: 28 Sep 2010 04:44 AM PDT         Fundamental Headlines • Fed Weighs New Bond Approach– Wall Street Journal • U.S. Futures Edge Up Ahead of Data– Wall Street Journal • Riskier Assets Struggle as September Surge Ebbs – Financial Times •Home Prices Probably Cooled, U.S. Consumer Sentiment Off – Bloomberg • U.K. Retail-Sales Index Increases to Six-Year High, CBI Says– Bloomberg GBPUSD: U.K. economic activity in the second quarter rose 1.2 percent from the quarter prior, … [visit site to read more]

A Candid Appraisal Of The Recovery Posted: 28 Sep 2010 04:13 AM PDT Over the last two weeks, seemingly good economic news offered some shreds of optimism to a stock market that was desperate for a pick-me-up. The week before last, the National Bureau of Economic Research declared that the US recession had ended back in June 2009. At the beginning of last week, news came in that month-on-month retail sales had risen by 0.4 percent. Combined with successful government debt auctions in the eurozone, increasing expectations that Republicans will take … [visit site to read more]

IN FOCUS: WisdomTree Emerging Markets Local Debt Fund (ELD) Posted: 28 Sep 2010 04:00 AM PDT Date Launched: Aug 9, 2010 Further Links: Website, Prospectus Investment Strategy: ELD is an actively-managed ETF that tries to achieve its investment objective of income and capital appreciation by investing at least 80% of assets into local debt denominated in emerging market currencies. The fixed income securities the fund will invest in will be issued by emerging market governments, government agencies and corporations. The likely countries where the fund will invest include Brazil, Chile, … [visit site to read more]

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