Friday, October 29, 2010

DailyMarkets.com - 5 Potential Dangers To Global Crops That Could Drastically Cut World Food Supply

DailyMarkets.com - 5 Potential Dangers To Global Crops That Could Drastically Cut World Food Supply


5 Potential Dangers To Global Crops That Could Drastically Cut World Food Supply

Posted: 29 Oct 2010 03:30 AM PDT

The world food situation is starting to get very, very tight.  Unprecedented heat and wildfires this summer in Russia and horrific flooding in Pakistan and China have been some of the primary reasons for the rapidly rising food prices we are now seeing around the globe.  In places such as Australia and the African nation of Guinea-Bissau, the big problem for crops has been locusts.  In a world that already does not grow enough food for everyone (thanks to the greed of the elite), … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Midterm Elections: Catalyst For A Stock Market Rally?

Posted: 29 Oct 2010 03:20 AM PDT

The Democrats and Republicans have spent a record $3.5 billion in preparation for this year’s midterm elections. But regardless of the outcome – whether you’re a Democrat or Republican – the good news is that the stock market traditionally has performed well during midterm election cycles.

“The question is, ‘Did the markets go up in the midterm election years by more than average in non-election years?’ Brian Gendreau, market strategist for Financial Network told U.S. News & World … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Markets Waiting For US Data

Posted: 29 Oct 2010 03:17 AM PDT

It's been a relatively quiet morning through Asia & into European session. Asia regional indexes were broadly lower and European is having a hard time staying green – the market definitely has a negative bias heading into the US session. There is a slew of US data coming out this afternoon. After the last of the US data comes out today, the Forex market should find itself range bound going into the weekend.

A UK Telegraph article cited that traders will risk significant losses … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eur/Usd Threatens 1.3800

Posted: 29 Oct 2010 03:11 AM PDT

Eur/Usd is threatening to trade below 1.3800. As noted in an earlier post this level should act as good support and looked upon as a target for short covering. A retracement to 1.3855-60 is now likely. If the pair does break below 1.3800 look for light support around … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Will The Fed Do When QE2 Fails To Stimulate Economy?

Posted: 29 Oct 2010 02:56 AM PDT

Here we are a full three years into our economic malaise, Uncle Sam has thrown everything and the kitchen sink at the economy yet we have little to no traction in terms of growth and momentum. Will another trillion dollars of liquidity do the trick? Well, while the Fed's liquidity may move markets, will it move the economy? Don't bet on it. The Fed and its brethren on Wall Street and in Washington are reluctant to truly level with the American people. How so?
Our nation is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Discussing The Outlook For Exchange Traded Funds (ETFs) With Howard J. Atkinson, President Of Horizons ETFs

Posted: 29 Oct 2010 02:25 AM PDT

ETFs. They're everywhere. It almost seems as if an ETF is launched everyday. At this rate, it's no wonder that some are predicting 'Exchange-traded funds may pass US$2-trillion in worldwide assets by 2011, up from just over US$1-trillion now'. If you don't own an ETF, you've definitely heard of one. But with so many of these funds available and new ones popping up each day (case in point: iShares & JP Morgan Chase have filed with the Securities and Exchange Commission (SEC) to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Unemployment Rate Remains Unchanged In Line With Expectations

Posted: 29 Oct 2010 02:10 AM PDT

The unemployment rate in the euro zone remained unchanged in line with expectations last month, official data showed on Friday.

In a report, Eurostat said that the rate of unemployment remained unchanged at a seasonally adjusted 10.10%, from 10.10% in the preceding month.

Analysts had expected the unemployment rate to remain unchanged at 10.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Unemployment 10.1% As Expected

Posted: 29 Oct 2010 02:05 AM PDT

Eurozone Unemployment came in at 10.1% as expected. This is a rise from August's reading of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone CPI

Posted: 29 Oct 2010 02:02 AM PDT

Eurozone CPI Flash Estimate y/y came in at 1.9%, stronger than the 1.7% expected.
Eur/Usd has risen about 15 points on heels of news, currently trading at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Odds Are High That U.S. Stocks Will Break To The Downside

Posted: 29 Oct 2010 01:41 AM PDT

There are three things I watch for as a sign that a correction is imminent. They are in order of importance, cycles, sentiment and money flows.

The current cycle is already stretched to 45 days. Usually this cycle bottoms between 35 and 40 days so you can see we are now overdue for a top. That covers the cycles part of the equation.

Sentiment has now reached bullish levels (contrary sign) that should be enough to force at least a daily cycle correction. We haven’t yet reached the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The European Session

Posted: 29 Oct 2010 12:45 AM PDT

The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3852, down 0.56% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8713 and EUR/JPY falling 1.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Xcel Energy Beats On Bottom-Line

Posted: 29 Oct 2010 12:35 AM PDT

Electricity and natural gas company Xcel Energy Inc. (NYSE:XEL) announced its operating earnings for the third quarter 2010 of 62 cents per share versus 48 cents per share in the year-ago quarter, reflecting a growth of 29.1%. The results were higher than the Zacks Consensus Estimate of 54 cents per share.
Xcel Energy's GAAP earnings for the third quarter of 2010 were 67 cents per share versus 48 cents per share recorded in the year-ago period. The difference between GAAP and operating earnings, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eur/Usd Below Both 100 & 200 Hour M/A

Posted: 29 Oct 2010 12:18 AM PDT

Eur/Usd is trading below both its 100 hour (1.3890) and 200 hour (1.3897) moving averages. The pair has run into some support at the 38.2% fibo (1.3864) of move down from 1.4079 to 1.3732. A break below this line may bring the pair down to 1.3800-10 level. If Euro holds look for an attempt to trade above 1.3890-95, where the M/A's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The European Session

Posted: 29 Oct 2010 12:00 AM PDT

The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on GfK Consumer Confidence.

GBP/USD was trading at 1.5923, down 0.13% at time of writing.

The pair was likely to find support at 1.5678, Monday's low, and resistance at 1.5978, Thursday's high.

Earlier in the day, data showed that U.K. Gfk consumer confidence rose unexpectedly to a seasonally adjusted -19.00 last month from -20.00 in the preceding month.

Analysts had expected the Gfk consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Little Changed As Traders Shun Big Bets, Gold Puts In A Meaningful Gain As The Dollar Plunges

Posted: 28 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Little Changed as Traders Shun Big Bets
Crude Oil (WTI) – $81.74 // $0.44 // 0.54%
Commentary: Thursday was yet another day of low volatility in financial markets in general, and oil markets in particular. Crude's range for the day was only $1.14 and the final settlement price was $0.24, or 0.29%, higher than the previous day. As the November 3rd Fed meeting is just around the corner, traders aren't taking any big bets in either direction until there is more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Close Lower; Nikkei Down 1.75%

Posted: 28 Oct 2010 11:40 PM PDT

Forex Pros – Asian stocks were down after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index fell 1.75%, Australia's S&P/ASX 200 index shed 0.50%%, while Hong Kong's Hang Seng Index was trading 1.12% down.

Earlier in the day, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.

Analysts had expected industrial production to fall -0.50% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: PetMed Express (PETS)

Posted: 28 Oct 2010 11:05 PM PDT

PetMed Express (NASDAQ:PETS) reported another disappointing quarter with EPS of $0.22, way below the Zacks Consensus Estimate of $0.26 and the year-ago quarter’s $0.28. Revenues continued to slide with decline in new order sales and fewer new customers.
Moreover, both gross and operating margins declined driven by higher product costs and advertising expenses. This is a big blow for the company as it depends on advertising to increase its customer base. Moreover, economic uncertainty is taking a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Manpower, Inc. (MAN)

Posted: 28 Oct 2010 11:05 PM PDT

Manpower’s (NYSE:MAN) third-quarter 2010 earnings beat the Zacks Consensus Estimate on the heels of revenue growth across all major markets due to an increase in demand for temporary labor globally. The company registered revenue growth of 18.7% during the quarter.
Riding on the back of robust results, management now expects fourth-quarter 2010 earnings in the range of $0.54 to $0.62 per share. We believe that Manpower’s brand value, comprehensive range of services and a strong global network … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: H.J. Heinz Co.

Posted: 28 Oct 2010 11:05 PM PDT

Shares of H.J. Heinz Co (NYSE:HNZ) are near a 52-week high as the company continues to benefit from the booming middle class in emerging markets.
The company recently reported a solid first quarter marked by strong sales growth and an expanding gross margin. Analysts have been revising estimates higher as a result, propelling the stock to a Zacks #2 Rank (Buy).
Although known mostly for its ketchup and various sauces, 56% of sales come from products other than ketchup and sauces, such as meals, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Baidu, Inc.

Posted: 28 Oct 2010 11:05 PM PDT

Baidu, Inc. (NASDAQ:BIDU) has once again hit a new all-time high after reporting excellent Q3 results that came in ahead of expectations. With four consecutive earnings surprises and a bullish growth projection, the long-term picture looks good too for this Zacks #1 rank stock.
Company Description
Baidu, Inc. is a China-based Internet search provider. The company was founded in 2000 and has a market cap of $39 billion.
BIDU has been strong for the last year with the market, but shares got an extra … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Dr. Reddy's Laboratories

Posted: 28 Oct 2010 11:05 PM PDT

Dr. Reddy's Laboratories (NYSE:RDY) is coming off of another solid quarter that has analysts rapidly raising full-year estimates.
While the stock is up recently, given the valuations it is not to late to get into this Zacks #1 Rank (Strong Buy).
Company Description
Dr. Reddy's Laboratories is a global pharmaceutical company that offers proprietary and generic medications, as well as pharmaceutical services. The company operates in many different areas of medicine and his headquartered in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Brace Yourself For Stock Market Volatility

Posted: 28 Oct 2010 10:59 PM PDT

The market trend has remained to the north and one cannot wisely fight the trend however, one must also be wary of upcoming data that could sway the markets significantly.  One thing we can expect is volatility but, the direction after the data is unknown right now.  Unexpected data tends to move the markets significantly and currently, the markets have likely priced in a significant sized QE2, good earnings and a Republican victory.  The markets have priced in what they expect but, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down On Economic Data

Posted: 28 Oct 2010 10:55 PM PDT

The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Housing Starts.

USD/JPY was trading at 80.71, down 0.37% at time of writing.

The pair was likely to find support at 80.42, Monday's low, and resistance at 81.98, Wednesday's high.

Earlier in the day, official data showed that Japanese housing starts fell less-than-expected to a seasonally adjusted annual rate of 17.70% last month from 20.50% in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Japanese Housing Starts Fall Less-than-expected

Posted: 28 Oct 2010 10:15 PM PDT

Japanese housing starts fell less-than-expected last month, official data showed on Friday.

In a report, the Ministry of Land, Infrastructure, Transport, and Tourism said that the number of housing starts fell to a seasonally adjusted annual rate of 17.70%, from 20.50% in the preceding month.

Analysts had expected the number of housing starts to fall to 15.40% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down On Economic Data

Posted: 28 Oct 2010 08:55 PM PDT

The Euro was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.

EUR/JPY was trading at 111.99, down 0.77% at time of writing.

The pair was likely to find support at 111.92, today's low, and resistance at 113.79, Monday's high.

Earlier in the day, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Food Trucks Start To Spice Up D.C.

Posted: 28 Oct 2010 07:50 PM PDT

About 20 food trucks are currently operating in the Washington, D.C. area, with another five are coming soon, according to the Food Truck Fiesta blog, which also provides daily a daily “Food Trucker Tracker” map and updated Twitter feeds with information about where the trucks are located on a given day.  The trucks typically move around each day, and about three locate daily at Farragut Square (conveniently located just down the block from AEI), often with blankets for a full picnic … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down On Economic Data

Posted: 28 Oct 2010 07:40 PM PDT

The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.

USD/JPY was trading at 80.58, down 0.52% at time of writing.

The pair was likely to find support at 80.42, Monday's low, and resistance at 81.98, Wednesday's high.

Earlier in the day, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold – FOREX Correlations Deteriorate But NZD/USD Holds Strong As Interest Rate Expectations Rise

Posted: 28 Oct 2010 07:36 PM PDT

Gold has been receiving an increasing amount of attention recently as the metal soars to new record levels. But you don't have to trade gold to benefit from the metal's recent volatility. In fact, many of the popular currency pairs have been moving in tandem with gold, offering forex traders an opportunity to piggyback on the uptrend or bet against it, with the added benefit of trading within the world's deepest and most liquid market.
The following table includes the correlation between … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up On Economic Data

Posted: 28 Oct 2010 07:15 PM PDT

The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on GfK Consumer Confidence.

GBP/USD was trading at 1.5962, up 0.11% at time of writing.

The pair was likely to find support at 1.5678, Monday's low, and resistance at 1.5978, Thursday's high.

Earlier in the day, data showed that U.K. Gfk consumer confidence rose unexpectedly to a seasonally adjusted -19.00 last month from -20.00 in the preceding month.

Analysts had expected the Gfk consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jobless Claims Fall To Second-Lowest Level Since Aug. 2008, German Jobless Rate Lowest Since 1991

Posted: 28 Oct 2010 06:58 PM PDT

WASHINGTON (AP)  — “Fewer people applied for unemployment benefits last week, the second drop in a row and a hopeful sign the job market could be improving.The Labor Department said Thursday that initial claims for jobless benefits dropped 21,000 to a seasonally adjusted 434,000 in the week that ended Oct. 23 (see chart above).  It was the second-lowest number for claims this year. The only time it was lower was during the July 10 week, and that week was affected by the Independence … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 28 Oct 2010 06:40 PM PDT

The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3903, down 0.19% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8718 and EUR/JPY falling 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Halliburton And The Upcoming Election

Posted: 28 Oct 2010 06:29 PM PDT

Next Tuesday Americans will be deciding whether to hand over even more of our government to corporations that have been plundering America  – such as Goldman Sachs, JP Morgan Chase, Citibank, Wellpoint insurance, Massey Energy, and Halliburton, the giant oil services company.
Not every large corporation is irresponsible, of course, but plunderers that get away with it gain a competitive advantage over the more responsible, and thereby lead a race to the bottom.
Case in point: The staff … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down On Economic Data

Posted: 28 Oct 2010 06:05 PM PDT

The British Pound was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.

GBP/JPY was trading at 128.87, down 0.25% at time of writing.

The pair was likely to find support at 126.46, Monday's low, and resistance at 129.61, Wednesday's high.

Earlier in the day, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down On Data

Posted: 28 Oct 2010 05:35 PM PDT

The Euro was lower against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.

EUR/JPY was trading at 112.69, down 0.15% at time of writing.

The pair was likely to find support at 112.19, Thursday's low, and resistance at 113.79, Monday's high.

Earlier in the day, official data showed that Tokyo's core consumer price inflation rose more-than-expected to at annualized rate of -0.50% last month from -1.00% in the preceding month.

Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up On Data

Posted: 28 Oct 2010 05:25 PM PDT

The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on GfK Consumer Confidence.

GBP/USD was trading at 1.5946, up 0.01% at time of writing.

The pair was likely to find support at 1.5678, Monday's low, and resistance at 1.5978, Thursday's high.

Earlier in the day, data showed that U.K. Gfk consumer confidence rose unexpectedly to a seasonally adjusted -19.00 last month from -20.00 in the preceding month.

Analysts had expected the Gfk consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down On Data

Posted: 28 Oct 2010 05:15 PM PDT

The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Unemployment Rate.

USD/JPY was trading at 80.96, down 0.05% at time of writing.

The pair was likely to find support at 80.42, Monday's low, and resistance at 81.98, Wednesday's high.

Earlier in the day, official data showed that Japan's unemployment rate fell unexpectedly to a seasonally adjusted 5.00% last month from 5.10% in the preceding month.

Analysts had expected the rate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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