DailyMarkets.com - 5 Things You Can’t Quite Do Without A Credit Card

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• 5 Things You Can’t Quite Do Without A Credit Card
• Stocks To Watch On Monday: Visa, Goldman Sachs, MasterCard, American Express, JPMorgan, SAP, BHP Billiton, Potash, Siemens
• Valeant-Biovail Merger Sealed
• Denny’s Obtains Credit Facility
• Swiss Franc: Under Pressure
• Australian Dollar: Under Pressure
• Australian Dollar: Under Pressure
• Canadian Dollar: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• China Continues Game-Changing Energy Moves With Sinopec’s $7 Billion Brazil Buy
• Euro: Under Pressure
• Cocoa’s Plunge Gave Traders A Wild Ride!
• ONEOK Updates 2010 Guidance
• Moody’s Raises Harman Rating
• Teva Drug Approval Delayed
• Stronger Recovery Now Than In 1992 Or 2002
• Forex Trading: GBPUSD Being Pushed Higher By EURGBP Selling Today
• United-Continental Merger Complete
• Earnings Preview: Monsanto Company
• 2 Stories On India’s 2 Faces: Capable, Competitive Private Sector And Legendary Govt. Bureaucracy
• Know Where Your Edge Is Before You Bet
• Hypercom Rejects VeriFone’s Offer
• U.S. Bank Failures Hit 129
• Hot Stocks To Know For Monday: Ford, Microsoft, JPMorgan, Boeing, BP, General Electric, AIG, Prudential, Sanofi-Aventis, Deutsche Bank, Siemens
• Forex Trading: EURUSD Starts The Week Off Weakly
• EURUSD Under Pressure As Producer Prices Slow, While Austerity Concerns Linger
• Final Freakout? Hyperinflation As The New Deflation
• Turning One – Grail’s RWG And RPX
• “The Crisis Is About Loss Redistribution”

5 Things You Can’t Quite Do Without A Credit Card Posted: 04 Oct 2010 07:50 AM PDT In case you are wondering if a credit card is actually necessary in your life, or if a debit card is good enough for you, here is a list of a few things that will be very difficult or impossible to do without having a credit card. 1. Make hotel reservations: Most hotels will allow you to pay for your hotel stay with cash, checks or debit card, though in most cases they will make you pay a deposit in case you break or damage anything. If you have a credit card, they will not need to actually … [visit site to read more]

Stocks To Watch On Monday: Visa, Goldman Sachs, MasterCard, American Express, JPMorgan, SAP, BHP Billiton, Potash, Siemens Posted: 04 Oct 2010 07:39 AM PDT US stocks slipped Friday, halting the longest streak of weekly gains since April, derailed by US macro economic numbers. In further bad news for freshly nationalized AIB (NYSE:AIB); M&T Bank was again noticeably weak and finished the up down 10 percent on the week to lead financial companies lower after reports that merger talks with Banco Santander (NYSE:STD) of Spain had broken down, while Monsanto (NYSE:MON) tumbled 13 percent on concern its SmartStax corn seeds aren't performing as well … [visit site to read more]

Valeant-Biovail Merger Sealed Posted: 04 Oct 2010 07:35 AM PDT Valeant Pharmaceuticals International (NYSE:VRX) recently announced that following shareholder approval, the company's merger with Canada-based Biovail Corp. (announced in June) has completed. The merged company will retain the name Valeant Pharmaceuticals International and focus on growth areas, which include neurology and dermatology. As per the terms of the deal, Valeant Pharma shareholders received 1.7809 Biovail shares for each Valeant Pharma share they own and a special cash dividend of … [visit site to read more]

Denny’s Obtains Credit Facility Posted: 04 Oct 2010 07:35 AM PDT Denny's Corporation (NASDAQ:DENN), America's largest full-service family restaurant chain, recently announced that it has got a $300 million credit facility, which includes a $50 million revolving credit and $250 million term loan maturing in 2015 and 2016, respectively. This alters its existing credit facility.   The term loan will bear an interest rate of LIBOR plus 475 basis points, with a LIBOR floor of 1.75% and will mature in six years. The company plans to use a portion of the term … [visit site to read more]

Swiss Franc: Under Pressure Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Under Pressure Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Under Pressure Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 04 Oct 2010 07:19 AM PDT Update on supports and resistances. … [visit site to read more]

China Continues Game-Changing Energy Moves With Sinopec’s $7 Billion Brazil Buy Posted: 04 Oct 2010 07:19 AM PDT Chinese state oil company China Petroleum & Chemical Corp. (Sinopec) (NYSE:SNP) said Friday that it would invest $7.1 billion in the Brazilian unit of Spain’s Repsol YPF S.A. (NYSE:REP) to form one of the largest private energy companies in Latin America. The investment is the second-largest overseas purchase by a Chinese company and drives the market capitalization of Repsol’s Brazilian arm up to $17.8 billion. Analysts estimated the company’s value at $10.7 billion earlier this year. … [visit site to read more]

Euro: Under Pressure Posted: 04 Oct 2010 07:18 AM PDT Update on supports and resistances. … [visit site to read more]

Cocoa’s Plunge Gave Traders A Wild Ride! Posted: 04 Oct 2010 07:18 AM PDT Fundamentals Last Thursday was a day few Cocoa traders will ever forget, as a mid-day high volume sell-off took cocoa prices down over 7% in one minute before prices recovered. It was estimated that nearly 2000 contracts traded in the one-minute sell-off, triggering stops along the way. Although the market recovered quickly after the plunge, one cannot help but wonder if this was not a signal calling for an end to the recent up-move. Fundamentally, the news looks a bit supportive for Cocoa … [visit site to read more]

ONEOK Updates 2010 Guidance Posted: 04 Oct 2010 07:05 AM PDT ONEOK Inc. (NYSE:OKE) and its limited partnership ONEOK Partners L.P. (NYSE:OKS) updated the earnings guidance for 2010. ONEOK Inc. raised its net income expectation for 2010, while ONEOK Partners lowered its earnings expectation for the same period. ONEOK Inc. Guidance The midpoint of ONEOK's operating income expectation for 2010 is $942 million, down by $16 million from the previous guidance of $958 million. The decline in earnings expectation was mainly due to lower contribution from the ONEOK … [visit site to read more]

Moody’s Raises Harman Rating Posted: 04 Oct 2010 07:05 AM PDT Moody’s Investors Service, a subsidiary of Moody’s Corp. (NYSE:MCO) raised its rating of 'Ba2,' a non-investment grade rating or junk status to B1, a non-investment grade rating or junk status for Harman International Industries Inc. (NYSE:HAR), according to the Associated Press (AP). Harman is an international audio and infotainment equipment company. The company designs, manufactures and markets audio and infotainment products for cars, residences, theatres, as well as electronics for audio … [visit site to read more]

Teva Drug Approval Delayed Posted: 04 Oct 2010 07:05 AM PDT Teva Pharmaceutical Industries Ltd.'s (NASDAQ:TEVA) Neutroval failed to receive first-round approval in the US with the Food and Drug Administration (FDA) recently issuing a complete response letter (CRL) for the company's Biologic License Application (BLA) for the candidate.   Teva was looking to get the product approved for the reduction in the duration of severe neutropenia and the incidence of febrile neutropenia in patients treated with established myelosuppressive chemotherapy for … [visit site to read more]

Stronger Recovery Now Than In 1992 Or 2002 Posted: 04 Oct 2010 07:05 AM PDT From Jim Paulsen in today’s Financial Times: “Although this recovery is not as strong as those of the 1970s, on many metrics its first year anniversary has proven stronger than either of the last two recoveries during the previous 25 years. 1. Despite a significant slowdown in the second quarter of this year, real GDP growth in the first year of this recovery was 3 per cent compared with first year recovery gains of only 2.6 per cent in 1991 and 1.9 per cent in 2001 (see chart above). 2. … [visit site to read more]

Forex Trading: GBPUSD Being Pushed Higher By EURGBP Selling Today Posted: 04 Oct 2010 06:50 AM PDT … [visit site to read more]

United-Continental Merger Complete Posted: 04 Oct 2010 06:35 AM PDT The $3.2 billion pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. and Continental Airlines finally closed on October 1. The two companies combined to form a new entity –– United Continental Holdings Inc. (UAL). United Continental expects the integration process to take 12 to 18 months.   This is the second merger in the airline industry in the last two years following the oil price hike in 2008 and economic downturn in 2009. This merger creates the world's … [visit site to read more]

Earnings Preview: Monsanto Company Posted: 04 Oct 2010 06:35 AM PDT Missouri-based agricultural company, Monsanto Company (NYSE:MON) is scheduled to report its fourth quarter and fiscal 2010 results on October 6, 2010. The current Zacks Consensus Estimate for the fourth quarter is a loss of 6 cents a share.   Third Quarter Summary   On June 30, Monsanto announced its results for the third quarter of fiscal 2010. During the quarter, net income decreased to $384 million from $694 million in the corresponding quarter of 2009.   EPS (excluding a … [visit site to read more]

2 Stories On India’s 2 Faces: Capable, Competitive Private Sector And Legendary Govt. Bureaucracy Posted: 04 Oct 2010 06:23 AM PDT 1. From the Washington Post article “On eve of Commonwealth Games, India’s persistent red tape is in spotlight”: “It didn’t take long for the first athletes arriving in New Delhi last week for the upcoming Commonwealth Games to catch a glimpse of modern India’s two faces. Their gateway to the country was the capital’s gleaming new international airport terminal, built by a privately led consortium and opened in June four months ahead of schedule. But the official wristbands that the visitors … [visit site to read more]

Know Where Your Edge Is Before You Bet Posted: 04 Oct 2010 06:12 AM PDT A friend recently asked me my opinion about what she should do with a certain stock. This is the sort of question that I hate to answer. First of all, I knew nothing about the stock, which happened to be the shares of a junior mining company. Notwithstanding the fact that I knew nothing about it, it was also difficult to answer the question because I knew little about the rest of the portfolio. How big a position is it? Why did she buy it in the first place? Was it for diversification? Was it … [visit site to read more]

Hypercom Rejects VeriFone’s Offer Posted: 04 Oct 2010 06:05 AM PDT Hypercom Corporation (NYSE:HYC) has rejected the acquisition offer from rival VeriFone Systems, Inc. (NYSE:PAY) for the second time. On Sep 27, 2010, VeriFone proposed to acquire all of the outstanding common shares for $5.25 per share in cash. Hypercom stated that the proposal significantly undervalues its future prospects and is not in the best interests of its shareholders. Hypercom believes that VeriFone's proposal is opportunistic and intended to disrupt its business as it believes it has … [visit site to read more]

U.S. Bank Failures Hit 129 Posted: 04 Oct 2010 06:05 AM PDT U.S. regulators on Friday shuttered two more banks in Florida and Washington, pushing up the figure to 129 so far in 2010. This compares with a total number of 140 bank failures 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 unemployment rate continue to take their toll on such institutions. Failure of both … [visit site to read more]

Hot Stocks To Know For Monday: Ford, Microsoft, JPMorgan, Boeing, BP, General Electric, AIG, Prudential, Sanofi-Aventis, Deutsche Bank, Siemens Posted: 04 Oct 2010 05:32 AM PDT Equities finished the session mixed following a mixed round of economic data releases. Trade volumes were below the average and absence of equity negative news flow in the latter half meant that equity indices were able to retrace earlier losses. The ascent was led by basic material and oil & gas sectors which were largely buoyed by better than expected China PMI data. Finally, at the closing bell DJIA closed up 0.39% at 10829.68, S&P 500 closed up 0.44% at 1146.24 and NASDAQ … [visit site to read more]

Forex Trading: EURUSD Starts The Week Off Weakly Posted: 04 Oct 2010 05:21 AM PDT … [visit site to read more]

EURUSD Under Pressure As Producer Prices Slow, While Austerity Concerns Linger Posted: 04 Oct 2010 04:44 AM PDT          Fundamental Headlines • Jobs Report Could Spoil QE Party – Wall Street Journal •Euro Comes Under Pressure – Wall Street Journal • Faltering Risk Appetite Boosts Treasuries – Financial Times •Wall Street Sees World Economy Decoupling From U.S. – Bloomberg • Fed Bond Buying's Unintended Consequences May Push Up Rates– Bloomberg EURUSD: The Eurozone sentix investor confidence for the month of October topped economists' … [visit site to read more]

Final Freakout? Hyperinflation As The New Deflation Posted: 04 Oct 2010 04:33 AM PDT We all know someone who seems to be in a constant state of worry and stress. If it’s not one thing, it’s another. They seem to have an underlying need to be worried sick about something. One way or another, they are sure that disaster is just around the corner and the worst possible result is the most certain fate. That seems to be the current psychological condition of the markets. In August the general dread was of imminent deflationary collapse. Now that the price action in markets … [visit site to read more]

Turning One – Grail’s RWG And RPX Posted: 04 Oct 2010 04:00 AM PDT This marks the start of a new series of articles at ActiveETFs | InFocus where we'll commemorate the 1-year or 2-year anniversary of actively-managed ETFs since their launch by doing a full review of the fund, how it has performed and generally how it stacks up as an investment option. On the block this week are two actively-managed ETFs from Grail Advisors – the Grail RP Focused Large Cap Growth (RWG: 28.52 0.00%) and the Grail RP Growth (RPX: 28.55 0.00%), both of which are turning one … [visit site to read more]

“The Crisis Is About Loss Redistribution” Posted: 04 Oct 2010 03:26 AM PDT While many on Wall Street and Washington may care to proselytize about the impact of different programs implemented during our economic crisis, one individual provided a condensed but brutally honest assessment of the various initiatives implemented to 'save' our economy. Who is this purveyor of wisdom or 'sense on cents' savant? None other than Edward Kane. Who is that? Let's navigate as The New York Times' Gretchen Morgenson once again distinguished herself in writing, Count on … [visit site to read more]

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