Tuesday, October 12, 2010

DailyMarkets.com - 10 Reasons Why Average Americans Are Going To Be Squeezed Until They Have Nothing Left To Give

DailyMarkets.com - 10 Reasons Why Average Americans Are Going To Be Squeezed Until They Have Nothing Left To Give

10 Reasons Why Average Americans Are Going To Be Squeezed Until They Have Nothing Left To Give

Posted: 12 Oct 2010 03:45 AM PDT

American families better get ready to tighten their belts again.  There is every indication that we are all going to really start feeling the squeeze in the months ahead.  The price of gas is starting to spike again.  The price of food is moving north.  Health insurance premium increases are being announced coast to coast and a whole slate of tax increases is scheduled to go into effect in 2011.  Meanwhile, household incomes are down substantially all over the nation and the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Energy Rides On Wind

Posted: 12 Oct 2010 02:35 AM PDT

Duke Energy Corporation(NYSE:DUK) completed the construction of its fourth wind farm in Wyoming. The 200-megawatt (MW) wind farm titled Top of the World, located in ConverseCountywill supply wind energy to PacifiCorp under the terms of a 20-year power purchase agreement. The 110 wind turbines that comprise the Top of the World project are capable of producing enough electricity to power approximately 60,000 homes.
 
Portland, Oregonbased PacifiCorp is a leading utility, serving approximately … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBP Falls, But Recovers Following Trade Balance

Posted: 12 Oct 2010 01:39 AM PDT

Cable dropped to 1.5837 following the worse then expected trade balance number, but has since recovered slightly trading back around … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apocalypse On November 3?

Posted: 12 Oct 2010 12:14 AM PDT

Increasingly, I am reading more and more feelings of unease about the American and global economy. Barry Ritholz’s America needs an intervention is a typical sample about how America is living beyond its means:
The United States has been living a lie.

As a nation, we have been kidding ourselves, repeating myths, hoping that if we say something enough times, it will become reality — no matter how untrue. The credit crisis and now foreclosure debacle has revealed to anyone who cares to look … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Falls On Profit Taking, Gold Moves Higher Despite Dollar Rally

Posted: 11 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Falls on Profit Taking
Crude Oil (WTI) – $81.61 // $0.60 // 0.73%
Commentary: Crude oil fell Monday, shedding $0.45, or 0.54% after getting as high as $83.50 early in the session. As we indicated yesterday, this week's trade will likely be influenced by the push-and-pull of a constructive economic landscape versus profit taking considerations after a huge run. With crude now testing the top of a 12-month range, traders are opting to take profits rather than … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Forex Markets Experiencing Calm Before A Storm?

Posted: 11 Oct 2010 11:36 PM PDT

Forex Markets Experiencing Calm Before a Storm?
Yesterday’s celebration of Columbus Day in the United States, coupled with Thanksgiving Day in Canada, led to thin market conditions in yesterday’s North American trading sessions. The tension building up in the forex market has resulted in the recent wave of stability, appearing to be a calm before the storm which may be released this week.
Economic News
USD – FOMC Minutes May Reveal QE Discussion
Yesterday’s celebration of Columbus Day in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Esterline Technologies Corp

Posted: 11 Oct 2010 11:05 PM PDT

Esterline Technologies Corp (NYSE:ESL) recently hit a new multi-year high after reporting an solid 9% Q2 earnings surprise in early September.
Company Description
Esterline Technologies Corp. designs and manufactures engineered products and systems for the Aerospace and defense, industrial and commercial and medical markets primarily in the United States and Europe. The company was founded in 1967 and has a market cap of $1.77 billion.
Shares of ESL jumped higher on September 2 after the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: NewMarket Corp

Posted: 11 Oct 2010 11:05 PM PDT

NewMarket Corp (NYSE:NEU) has seen strong demand for its products as the economy recovers from the recession. Sales are up over 25% year-over-year, and valuation remains attractive for this Zacks #2 Rank stock.
NewMarket manufactures petroleum additives through its two subsidiaries: Afton Chemical and Ethyl Corporation. It is based in Richmond, Virginia and has a market cap of $1.7 billion.
Stellar Quarterly Results
NewMarket reported second quarter earnings per share of $2.69, an increase of 34% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: TPC Group Inc.

Posted: 11 Oct 2010 11:05 PM PDT

TPC Group Inc. (TPCG) estimates are popping after the latest quarterly report. Shares are soaring, but those estimate revisions have valuations at very attractive levels.
Company Description
TPC Group makes a variety of chemicals for performance, specialty and intermediate markets. Products include synthetic rubber, fuels, lubricant additives, plastics and surfactants.
Revenue Doubles
On Sep 17 TPC Group reported fiscal 2010 fourth-quarter results that included a 104% jump in revenue from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Family Dollar Stores (FDO)

Posted: 11 Oct 2010 11:05 PM PDT

The better-than-expected fourth-quarter 2010 results for Family Dollar Stores (NYSE:FDO) and an optimistic outlook for fiscal 2011 compelled us to revisit our recommendation. We now expect Family Dollar to Outperform.
The company’s strategic initiatives to improve merchandising and store operations have helped grow the top and bottom lines. The point-of-sale technology and store realignment initiatives are also helping to drive traffic. There is a tremendous opportunity to increase gross margin by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: CRA International (CRAI)

Posted: 11 Oct 2010 11:05 PM PDT

CRA International’s (NASDAQ:CRAI) third quarter earnings were in line with the Zacks Consensus Estimate, primarily owing to the uptick in utilization rate backed by successful restructuring actions.
Although the pipeline of both litigation and management consulting businesses litigation remains reasonably active, clients cautious about aggregate spending and a decline in organic revenue are expected to limit the company’s growth. Overall, near-term visibility remains unclear, given the current … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/USD Makes New Session Low Following German CPI/WPI

Posted: 11 Oct 2010 11:02 PM PDT

German Final CPI came in as expected at -0.1% and WPI was better than expected at 1.0%. Following the release the EUR/USD made a new session low of 1.3819.
Also notive that the pair has made a full retracement from the low on October 8th to Sunday's open. The 100.0% line comes in at 1.38330. A close below this line may signal further bearish trading for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

N. Dakota Oil Production Sets New Record In Aug.

Posted: 11 Oct 2010 08:57 PM PDT

North Dakota set another record in August for oil production in August, going over 10 million barrels in single month for the first time ever (see chart above).  Compared to August of last year, oil production has increased by 41%, and oil production has doubled in a little more than two years – from slightly less than 5 million barrels in June of 2008 to more than 10 million in August of this year.  

Partly because of its ongoing oil boom, North Dakota continues to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forced Redistribution Of Income Vs. Blood

Posted: 11 Oct 2010 08:13 PM PDT

1. Do you support the forced redistribution of income?

2. Do you support the forced redistribution of blood?  After all: a) someone needs blood every two seconds, b) one in seven people entering a hospital need blood, and c) one pint of blood can save up to three lives. 

If your answers to the two questions are not the same, you have a problem on your hands, according to Philip Maymin (fellow finalist for the 2010 Bastiat Prize for Online … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 12 October

Posted: 11 Oct 2010 06:23 PM PDT

Morning Highlights

Singapore stock prices are mixed  as Wall Street’s uninspiring lead on Monday capped demand, with STI opened almost unchanged at 3162.76.

Global Logistic Properties (GLP), a unit of Government of Singapore Investment Corp, seeks US$2.6 billion in IPO, will offer 1.76 billion shares for sale at $1.96 a share (US$1.50), the company said in a prospectus on the central bank’s website. The public offer closes on Thursday and the company will list on the Singapore … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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