Monday, October 18, 2010

DailyMarkets.com - 10 Things You Shouldn’t Do If You Want To Be Debt-Free

DailyMarkets.com - 10 Things You Shouldn’t Do If You Want To Be Debt-Free

10 Things You Shouldn’t Do If You Want To Be Debt-Free

Posted: 18 Oct 2010 07:50 AM PDT

Here is a list of 10 things you should never do if you want to stay out of debt, or else you might get into debt and have a very hard time getting out of it.

1. Getting into credit card debt

A way that you can stay in debt for a very long time is by getting into debt with your credit card by overspending, skipping a payment by not paying your credit card balances each month and always paying the minimum on your credit card debt. Doing this will ensure that you will always be in debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Monday: Bank Of America, Citigroup, JP Morgan, Google, Ebay, Dell, Safeway

Posted: 18 Oct 2010 07:24 AM PDT

U.S. stocks just about got their head above water on the day Friday but have managed to complete the second straight weekly gain for the S&P's 500 Index, as Google Inc. (NASDAQ:GOOG) and Seagate (NASDAQ:STX) fuelled a rally in technology shares that helped offset a decline in bank shares and an unexpected drop in consumer confidence. Google jumped 11 percent after earnings topped analysts' estimates and Seagate surged 22 percent as private-equity firms consider buying the world's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Chops Around In NY Trading. Key Levels Define

Posted: 18 Oct 2010 07:15 AM PDT

Dillard’s September Sales Up

Posted: 18 Oct 2010 07:05 AM PDT

U.S. departmental store chain Dillard's Inc. (DDS) experienced a 3% increase in its same store sales as well as net sales figures for the five weeks ended October 2, 2010. Sales in comparable stores decreased 6% in September, 2009.
The company generated sales of $532.3 million for the month, up from $519.3 million recorded in the same period, last year. Region-wise, sales trend was above average in the Central area, in line with ongoing trend in Eastern province, while it was below average in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Well-Being Index Slides Again

Posted: 18 Oct 2010 07:05 AM PDT

Healthways (NASDAQ:HWAY) and Gallup recently announced the results of the Gallup-Healthways Monthly U.S. Well-Being Report for the month of September 2010. The overall measure, the Gallup-Healthways Well-Being Index, declined slightly for the fourth consecutive month in September, dropping to 66.4, its lowest point during the current year.
 
The reduced composite measurement of well being, as provided by the Well-Being Index, confirms mediocre readings from other key barometric measures, such … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J.B. Hunt Misses, Ups Profit

Posted: 18 Oct 2010 07:05 AM PDT

On October 14, 2010, J.B. Hunt Transport Services (NASDAQ:JBHT), the third-largest U.S. truckload carrier, reported its third quarter earnings of 43 cents per share, which fell short of the Zacks Consensus Estimate by a penny. Earnings per share rose 39% year over year from the year-ago earnings of 31 cents.
Earnings included the $4 million (or 2 cents per share) charge related to the donation to the Arkansas Children’s Hospital. Despite the charitable donation, earnings shot up 31% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Juniper Networks

Posted: 18 Oct 2010 07:05 AM PDT

Juniper Networks Inc. (NASDAQ:JNPR) is scheduled to announce its third quarter 2010 results on October 19 after market closes, and we do not see any variation in analyst estimates at this point.
 Second Quarter Overview 
Juniper reported modest second quarter 2010 numbers, with earnings per share of 22 cents (excluding one-time items, but including share-based compensation expenses) missing the Zacks Consensus Estimate by 2 cents.
 
Juniper reported second quarter 2010  of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Benihana Reports Higher Sales

Posted: 18 Oct 2010 06:35 AM PDT

Benihana Inc. (NASDAQ:BNHN) the largest U.S. chain of Japanese restaurants, posted restaurant sales of $23.1 million for the four-week period ending October 10, 2010, up 4.6% from $22.0 million in the year-ago period.  Results reflect the benefits of the Benihana Teppanyaki Renewal Program, which the company initiated in 2009 to improve the dining experience of the guests at the Benihana Teppanyaki restaurants.
The company's comparable restaurant sales grew 5.7% for the period, representing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Botox Approved For Migraine As Well

Posted: 18 Oct 2010 06:35 AM PDT

Allergan Inc. (NYSE:AGN) recently received a major boost with the US Food and Drug Administration (FDA) approving Botox for the treatment of chronic migraine headaches in adults. The company added that the drug demonstrated results lasting up to twelve weeks when injected in patients at recommended points in the head and neck. We expect Allergan shares to react positively to the news.
Chronic migraine is a severe neurological disorder in which patients suffer from headaches for a minimum of 15 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CBSH Misses By A Penny

Posted: 18 Oct 2010 06:35 AM PDT

On Thursday, Commerce Bancshares Inc. (CBSH) reported its third quarter 2010 earnings per share of 67 cents, slightly behind the Zacks Consensus Estimate of 68 cents. The earnings compare unfavorably with the prior quarter's earnings of 71 cents but remain ahead of the year-ago quarter's earnings of 63 cents.
 
The results for the reported quarter were affected by a decline in net interest income and non interest income, slightly offset by a decrease in non-interest expense. Also, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Allergan, BHP Billiton Limited, Cia Vale Do Rio Doce, Citigroup, Ford Motor Credit Company, Halliburton Company, Hasbro, Northeast Utilities, NSTAR, St. Jude Medical

Posted: 18 Oct 2010 06:35 AM PDT

 Halliburton (NYSE:HAL) reported third quarter earnings of $0.58 a share, $0.02 higher than expected on a 30% revenue climb to $4.66 billion, above projections of $4.63 billion

 Hasbro (NYSE:HAS) posted third quarter interims 5 cents above estimates at $1.09 on a 2.7% revenue increase to $1.31 billion, ahead of estimates of $1.29 billion

 Northeast Utilities (NYSE:NU) announced plans to acquire NSTAR (NYSE:NST) for $4.17 billion

 Allergan (NYSE:AGN) received FDA approval for use of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Assorted Links

Posted: 18 Oct 2010 06:21 AM PDT

1. Hamburgers: The Economics of America's Favorite Food

2. Mobile Nation: Cellphones and Tablets Take Hold – the cellphone is Gadget No. 1 for Americans, but 19.5 million tablet devices will be sold in 2010 and a staggering 150 million units by 2013.

3. Toddlers' Favorite Toy: The iPhone -Adults have a hard time putting down their iPhones, and so do many 1-, 2- and 3-year-olds, it’s often their Toy of Choice.

4. Why It Doesn’t Feel Like a Recovery – Good interactive graphic/slideshow of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 18 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: The Downside Prevails

Posted: 18 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Under Pressure

Posted: 18 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure

Posted: 18 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Progressive Beats Estimates

Posted: 18 Oct 2010 06:06 AM PDT

Progressive Corp.'s (NYSE:PGR) earnings per share for third quarter 2010 were 40 cents, up 3 cents from the Zacks Consensus Estimate of 37 cents. The result of the reported month was in line with the prior-year quarter. Net income for the quarter was $216.6 million, down 3% from $269.9 million reported in third-quarter 2009.
 
Lower investment gains more than offset premiums earned resulting in a year-over-year decline in net income.
 
The company recorded net premiums of $3,715.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Horizon Reports Profit In 3Q

Posted: 18 Oct 2010 06:06 AM PDT

First Horizon National Corporation (NYSE:FHN) retained its profitability in the third quarter of 2010. The company, which turned to profit just in the prior quarter after reporting losses in the past eight quarters, reported a net income of $15.9 million or 7 cents per share in the third quarter. This compares favorably with the Zacks Consensus Estimate of a loss of 2 cents.
 
The company had reported a net income of $2.7 million or 1 cent per share and a net loss of $52.9 million or 23 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rio Tinto-BHP Billiton JV Cancelled

Posted: 18 Oct 2010 06:06 AM PDT

The much awaited joint venture between BHP Billiton Ltd. (NYSE:BHP) and Rio Tinto (NYSE:RTP) to produce iron ore in Australia was mutually dissolved with no break fee. The joint venture, which was proposed in June, last year, came to an end after it was disapproved by some of the Australian regulators.
BHP Billiton is at present concentrating on its buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (NYSE:POT), the world’s biggest fertilizer manufacturer, for $130 per share.
The $130 per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

132 Bank Failures So Far In 2010

Posted: 18 Oct 2010 06:06 AM PDT

Bank failures continue unabated as the U.S. regulators closed down three more banks on Friday. Out of the three failed banks, two were based in Missouri and one in Kansas. This brings the total number of bank failures to 132 so far in 2010, compared to 140 in 2009, 25 in 2008 and just 3 in 2007.
 
While the bigger banks benefited greatly from the various programs launched by the government, many smaller banks are still weak. Tumbling home prices, soaring loan defaults and a high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar Gains On QE2 Questions

Posted: 18 Oct 2010 05:51 AM PDT

USD continue has continued to gain since Friday's close, with risk correlated trades quickly falling out of favor. As we mentioned in Friday's "Today in FX", we felt the market has got ahead of itself in pricing-in massive QE2 for the US. Clearly the combo of the FOMC minutes, Bernanke's comments and underlying inflation “trending downwards” all point to further easing but the lack of details – especially critical detail of magnitude has the market pulling back slightly this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Unsure In Early NY Trade

Posted: 18 Oct 2010 05:48 AM PDT

Infosys Beats Estimate

Posted: 18 Oct 2010 05:35 AM PDT

Infosys Technologies Limited (NASDAQ:INFY) reported second quarter 2011 earnings per ADS from continuing operations of 65 cents, which surpassed the Zacks Consensus Estimate of 60 cents. Earnings increased by 14.0% sequentially and 16.1% year over year, led by growth in all areas and customer base. This was the first quarter in the last three years in which the company witnessed double-digit growth.
Business Details
Total revenue for the quarter was $1,496 million, representing year-over-year growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: BP, Google, Bank of America, AIG, BHP Billiton, General Electric, Rio Tinto

Posted: 18 Oct 2010 04:46 AM PDT

UK Banks – UK's chancellor George Osborne has stepped up the pressure on banks by pledging to force the industry to sign up to a code of practice on tax avoidance within a month. (Sources)

UK

FTSE – Dividend payments by UK-listed firms fall less than expected this year after payouts grew in Q3, the first time since Q1 of 2009, Capita Registrars said. (RTRS)

BP (NYSE:BP) – TNK-BP will buy BP Venezuela and Vietnam assets for USD 1.8bln. (Sources)

Vodafone – Co. is moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Makes Monsanto, One Of The World’s Largest Seed Producers, A Long-Term “Buy” In Our Book

Posted: 18 Oct 2010 04:12 AM PDT

The explosive move up in prices among most crops futures over the past several months has been nothing short of spectacular. The market today is reminiscent of the 1970s with a weak U.S. dollar is playing havoc with world exports.

Indeed, the drop in the dollar’s value has investors and speculators seeking physical commodities to park their funds in. This has caused the prices to expand in the grains sector, and when next year rolls around, you can expect that seed manufacturers will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Are Active ETFs Too Hyped Up?

Posted: 18 Oct 2010 04:00 AM PDT

Thomas Graves, an analyst for S&P U.S. Equity Research, wrote for the Financial Times earlier last week saying that actively-managed ETFs have received more media attention than they deserve, considering their importance and positioning with investors. The main reason why they have gotten as much attention as they have is because they represent a new growth area for fund companies who are finding it tough to navigate competition in the passive ETF space and even the mutual fund industry. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“States Of Denial” Or “Do Pensioners Have Even Greater Rights Than Bondholders?”

Posted: 18 Oct 2010 03:54 AM PDT

Do we just need to get through the next year or two in order to regain our feet?  Really? Do not think that Fed chair Ben Bernanke is not fully aware of what lies ahead on our economic landscape as he hopes and prays for an economic revival. However, as he contemplates the perils of more quantitative easing the stranglehold of future pension obligations continues to put deflationary pressures on our economy. No surprise why Ben and most of his Fed colleagues are bound and determined to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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