Monday, September 27, 2010

DailyMarkets.com - Review Of Chase Sapphire Credit Card

DailyMarkets.com - Review Of Chase Sapphire Credit Card


Review Of Chase Sapphire Credit Card

Posted: 27 Sep 2010 07:50 AM PDT

Before you apply for this card, read this!

For those of you who fly frequently whether for business or leisure or those who simply love the idea of earning points throughout the year to later redeem a large reward such as a free flight or free hotel stay, a travel rewards credit card is right for you.

Here I will do a review of Chase SapphireSM Credit Card which is among the more popular travel credit card offers in the market, with many travel benefits and ways to earn reward … [visit site to read more]


Positive Data On Novartis Drug

Posted: 27 Sep 2010 07:35 AM PDT

Novartis AG (NYSE:NVS) recently announced positive data from a late-stage trial of SOM230 (pasireotide) being studied for the treatment of Cushing’s disease. The study (PASPORT-CUSHINGS) was conducted to evaluate the safety and efficacy of SOM230 in 62 patients with recurrent Cushing’s disease, and in patients with newly diagnosed Cushing’s disease who have not undergone surgery.
 
The trial data demonstrated that after six months of treatment with SOM230, patients experienced lower urinary … [visit site to read more]


Product Recall At Amgen

Posted: 27 Sep 2010 07:35 AM PDT

Yet another company has been bitten by the recall bug. Amgen (NASDAQ:AMGN) and Johnson & Johnson (NYSE:JNJ) announced that they have recalled certain lots of Epogen and Procrit due to the possible presence of thin glass flakes in the vials. The products are approved for the treatment of anemia related to HIV therapy, chronic renal failure, and chemotherapy.

Although Epogen is a major contributor to Amgen's top-line, with 2009 sales coming in at $2.6 billion, we do not expect the product recall … [visit site to read more]


Gerdau Raises $1.25B Internationally

Posted: 27 Sep 2010 07:35 AM PDT

Brazilian steel producer Gerdau S.A. (NYSE:GGB) through its wholly-owned subsidiary, Gerdau Trade Inc., issued around 5.75% 10-year bonds in international capital markets for a principal amount of US$1.25 billion. The bonds will mature on January 30, 2021.
 
Interest will be paid semi-annually on January 30 and July 30, starting 2011. The bonds are guaranteed by Gerdau S.A., Gerdau Açominas S.A., Gerdau Aços Longos S.A., Gerdau Aços Especiais S.A., and Gerdau Comercial de Aços … [visit site to read more]


SEC Denies China’s Dagong Of Market Entry After U.S. Debt Downgrade

Posted: 27 Sep 2010 07:15 AM PDT

The U.S. Securities and Exchange Commission (SEC) on Thursday denied the application by China’s largest credit rating firm–Dagong Global Credit Rating Co.–to become a Nationally Recognized Statistical Rating Organization (NRSRO) in the U.S.

The SEC cited concern regarding cross boarder supervision since "It does not appear possible at this time for Dagong to comply with the record keeping, production, and examination requirements of the federal securities laws.”

Media report … [visit site to read more]


Currency Wars And The Fall Of The US Dollar

Posted: 27 Sep 2010 07:15 AM PDT

Gone are the days when the currency of a country was regarded as a barometer of a country’s economic conditions. As the global economies, business and market trends change momentum towards the east, the relationship between a country’s economy and its currency is getting much more complicated as governments across the globe are assuming a bigger role in propping up the financial system and encouraging economic growth.

Just as the US government released its employment data released … [visit site to read more]


Gold’s Rising In Every Currency

Posted: 27 Sep 2010 07:10 AM PDT

The question was posed that perhaps gold is only rising because the dollar is falling. While every C-wave has been driven by a collapsing dollar you will see in the next several charts that gold is rising in every currency. Every country is debasing their currency.

As you can see gold is rising in all currencies even in the strongest of all currencies, the Yen.

What’s more, gold is also rising against all other commodities since late `05.

Remember how … [visit site to read more]


General Cable Joins Forces With ICI

Posted: 27 Sep 2010 07:05 AM PDT

General Cable Corporation (NYSE:BGC) entered into a joint venture with International Cable Industries LLC (ICI), a limited liability company in Oman for distribution of wire and cable products.
With the gradual recovery in the global economic conditions, there has been an enhancement in investment in large-scale transportation, construction, oil and gas, power generation, transmission and distribution infrastructure.
General Cable, the majority interest holder in the venture will primarily … [visit site to read more]


Stock Market News Briefs: AirTran Holdings, Arch Coal, Best Buy Co., C.R. Bard, Franklin Resources, Goldman Sachs Group, MedcoHealth Solutions Inc, Nokia, Southwest Airlines Company, Zimmer Holdings, JetBlue Airways Corporation

Posted: 27 Sep 2010 07:05 AM PDT

 Southwest Air (NYSE:LUV) reported its intentions to buy Air Tran (NYSE:AAI) for $1.4 billion, or $7.69 per share

 Goldman Sachs (NYSE:GS) started coverage on CR Bard (NYSE:BCR) with a “buy” rating and a price target of $96

 FBR reiterated its “outperform” rating on Arch Coal (NYSE:ACI) at a price target of $37

 Bernstein downgraded Nokia (NYSE:NOK) from “market perform” to “underperform,” at a price target of $6.75

 Goldman Sachs (NYSE:GS) downgraded shares of Zimmer Holdings … [visit site to read more]


Iron Mountain Remains Neutral

Posted: 27 Sep 2010 07:05 AM PDT

A leading provider of information protection and storage services, Iron Mountain Inc. (NYSE:IRM) is currently a Zacks Rank #3 stock, a short-term Hold with a long-term Neutral recommendation. Shares of Iron Mountain are currently trading at a discount to the industry average and the S&P 500.
 
Second Quarter Highlights
 
Iron Mountain reported strong second quarter 2010 results on July 29. Adjusted earnings (excluding one-time items) increased 12.0% year over year to 28 cents per … [visit site to read more]


Gold Stocks To Put On Your Watchlist: Allied Nevada Gold, Compania de Minas Buena, Aurizon Mines, Fronteer Gold, Goldcorp, Novagold Resources

Posted: 27 Sep 2010 07:00 AM PDT

With gold making all time highs, here are charts of few gold stocks I like here. The gold miners ETF looks good for a small pullback which should provide a good buying opportunity. For more details about that, click here. I have commented on the charts itself.

Allied Nevada Gold (ANV)

Compania de Minas Buena (NYSE:BVN)

Aurizon Mines (AZK)

Fronteer Gold (FRG)

Goldcorp (NYSE:GG)

Novagold Resources … [visit site to read more]


Monday Market Analysis: Stock Market Rally Marches On, US Dollar Tumbles

Posted: 27 Sep 2010 06:37 AM PDT

Equities:
The equity rally lives on yet another day as most major indicies closed higher on Friday. The Nikkei 225 was the only exception as the rising Yen once again weighs heavy on investor sentiment. Japan's Nikkei 225 Average closed lower by 94pts to 9,471. Meanwhile, European markets traded higher as the FTSE 100 rose 0.93% to fall less than 2pts short of a 5,600 close. The Stoxx Europe 50 added 0.94% to end the week at 2,539. In the U.S, traders pushed markets higher for a fourth … [visit site to read more]


Int’l Paper Wraps Up Land Sale

Posted: 27 Sep 2010 06:35 AM PDT

International Paper Co. (NYSE:IP) completed its land monetization program with the sale of 163,000 acres of land to an affiliate of Rock Creek Capital for $199 million. International Paper will receive $160 million in cash immediately and the balance (including interest) within three years. In addition, the company will receive a 20% profit interest in the affiliate.
 
The concerned land is located in the southeastern part of the U.S. The sale is expected to contribute $50 million in … [visit site to read more]


BMY Presents Encouraging Data

Posted: 27 Sep 2010 06:35 AM PDT

Recently, Bristol-Myers Squibb Company's (NYSE:BMY) pipeline received a boost when its type II diabetes candidate, dapagliflozin, fared well in a late-stage multicenter, active-controlled, randomized, parallel-group, double-blind, study (n=814). The patients enrolled in the study, were more than or equal to 18 years of age and had responded unsatisfactorily to treatment by metformin alone.
Dapagliflozin, a once-daily pill, is being co-developed with AstraZeneca Plc (NYSE:AZN) for treating patients … [visit site to read more]


There’s No Magic Keynesian Fiscal Wand

Posted: 27 Sep 2010 06:28 AM PDT

From “John Maynard Keynes, R.I.P.” by Richard McKenzie:
The late great economist Milton Friedman frequently peppered Keynesian enthusiasts in the 1960s and 1970s with a remarkably simple question that needs to be remembered today: Where does the government get the money it spends on roads (or bridges to nowhere)?

Friedman followed with an equally revealing observation: When the government engages in deficit spending, it must borrow the extra funds from someone who could have spent them on … [visit site to read more]


Swiss Franc: Under Pressure

Posted: 27 Sep 2010 06:18 AM PDT

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


Australian Dollar: Under Pressure

Posted: 27 Sep 2010 06:18 AM PDT

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


Canadian Dollar: Under Pressure

Posted: 27 Sep 2010 06:18 AM PDT

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


Japanese Yen: The Downside Prevails

Posted: 27 Sep 2010 06:18 AM PDT

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


British Pound: Under Pressure

Posted: 27 Sep 2010 06:18 AM PDT

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


Euro: Under Pressure

Posted: 27 Sep 2010 06:18 AM PDT

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


Earnings Preview: Walgreen

Posted: 27 Sep 2010 06:05 AM PDT

Walgreen (NYSE:WAG) is scheduled to release its fourth quarter and fiscal 2010 earnings on September 28, 2010. The company is expected to earn 44 cents during the quarter and $2.12 for the full year, according to the Zacks Consensus Estimate.
Previous Quarter Highlights
Walgreen reported an EPS of 47 cents for the third quarter of fiscal 2010, which missed the Zacks Consensus Estimate of 57 cents and the year-ago quarter's 53 cents. However, results for the quarter include 1 cent toward … [visit site to read more]


Alnylam To Trim Workforce

Posted: 27 Sep 2010 06:05 AM PDT

Recently, Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) announced that it will trim its work force by 25%–30% following the end of its five-year agreement with Novartis (NYSE:NVS).
The reduction in workforce is expected to reduce 2011 cash operating expenses by approximately $25 million. Furthermore, the company expects to incur a one-time charge of approximately $3 million due to the job-cut. Bulk of the amount is expected to be incurred in the third quarter of 2010. The company has reaffirmed its … [visit site to read more]


The Political Obsession With Middle-Class Markers

Posted: 27 Sep 2010 06:00 AM PDT

Glenn Reynolds at Instapundit writes:

“The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we'll have more middle-class people. But homeownership and college aren't causes of middle-class status, they're markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let … [visit site to read more]


5 Stocks To Consider For The Semiconductor Rebound

Posted: 27 Sep 2010 05:49 AM PDT

What a difference a year makes – or, for that matter, even a mere quarter.

Back in September 2009, most analysts were anticipating a surge in 2010 semiconductor sales that would reflect the upcoming economic recovery. After all, semiconductors are used in virtually every device consumers deem essential these days – from smart phones and notebook computers to coffee makers and gaming consoles. Yet the industry had been mired in a three-year slump that saw global semiconductor sales … [visit site to read more]


Let’s Hope This Trend Continues…..

Posted: 27 Sep 2010 05:39 AM PDT

NY Times — “A private company in Maryland has taken over public libraries in ailing cities in California, Oregon, Tennessee and Texas, growing into the country's fifth-largest library system. The company, known as L.S.S.I., runs 14 library systems operating 63 locations. Its basic pitch to cities is that it fixes broken libraries — more often than not by cleaning house.”

"A lot of libraries are atrocious," said the company’s CEO Frank Pezzanite.  Their policies are all about job … [visit site to read more]


Will The Mid-Term Elections Drive The US Stock Market Into High Gear?

Posted: 27 Sep 2010 05:28 AM PDT

The past five days added more hues to the emerging snapshot of U.S. economic growth that is sluggish and top-heavy, but still rolling forward — kind of like a tank that can’t get out of first gear. New data shows that U.S. GDP is back to 70% of its pre-recession strength, but jobs have recovered only 9%. It’s this disconnect between output and employment that has made the current “recovery” seem so anemic.

That was fine for investors, who bid up risky assets in the past week just as … [visit site to read more]


Forex Trading: EUR/USD Testing The Longer Term 50% Fibonacci Level

Posted: 27 Sep 2010 05:22 AM PDT

EUR/USD is currently testing the longer term 50% fibonacci level from the move down which started in November of 2009 to the low made in May of 2010. The 50% Fibo comes in at 1.3508. A break above would send the pair heading towards the 61.8% level which comes in at 1.3893, with a resistance level in between the two Fibonaccis at 1.3685 area. If the pair fails to break higher, traders may see a return to test the 200 Day moving average which lies at 1.3200 today (green line.) Below this, the … [visit site to read more]


Eurozone M3 Tops Expectations In August

Posted: 27 Sep 2010 04:45 AM PDT

Fundamental Headlines
• U.S. Stocks Get Pre-Election Boost – Wall Street Journal
• 'Mr. Euro' Was Forced to Act – Wall Street Journal
• Japan Looks at $55Billion Stimulus Package – Financial Times
•U.K. House Prices Decline the Most in 18 Months, Hometrack Says – Bloomberg
• Chinese Property Bust Is Morphing Into a Slow Leak: Andy Xie – Bloomberg
EURUSD: Eurozone M 3 money supply in August topped expectations as figures rose 1.1 percent from a year ago amid economists' … [visit site to read more]


Economics: An Art Or A Science? Checking In With Rick Davis Of Consumer Metrics Institute

Posted: 27 Sep 2010 04:21 AM PDT

The study of human behavior may be considered a science but to me it is the greatest and most challenging of arts. Why is that? For the very simple reason that while we are limited in the ability to study human behavior by reviewing the past, we are challenged by the fact that future behaviors are forever changing. The lessons of the past often do repeat themselves in the future; however, the environment of the PRESENT has NEVER truly been experienced so our current and future behaviors are so … [visit site to read more]


Can Active ETFs Really Prosper?

Posted: 27 Sep 2010 03:30 AM PDT

The debate on the prospects of actively-managed ETFs carries on and it continues to be a divisive issue. The latest discussions took place at the Morningstar ETF Invest conference held in Chicago from Sept 15-17th. An entire session was devoted to the discussion of actively-managed ETFs by a panel consisting of the portfolio managers behind several Active ETFs on the US market.
Morningstar also did numerous interviews with key attendees at the conference. One of the interviews was with Matt … [visit site to read more]


No comments:

Post a Comment