Monday, October 11, 2010

DailyMarkets.com - 9 Deadly Credit Card Mistakes You Should Avoid

DailyMarkets.com - 9 Deadly Credit Card Mistakes You Should Avoid

9 Deadly Credit Card Mistakes You Should Avoid

Posted: 11 Oct 2010 07:50 AM PDT

Credit cards have many advantages and can be like fire – very useful to have and necessary to accomplish many things if used properly, but if it is not used right, it could lead to disastrous consequences. Maximizing the use of your credit card doesn’t mean you should use it frivolously, without thinking of the consequences.

Here are 9 deadly credit card mistakes you should avoid:

1. Applying For Too Many Credit Cards Within A Short Period Of Time

It's never good to apply for too … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Monday: Google, Intel, JP Morgan, Verizon, AT&T, Chesapeake Energy, BHP Billiton

Posted: 11 Oct 2010 07:27 AM PDT

U.S. stocks gained Friday, sending the Dow Jones Industrial Average above 11,000 for the first time since before the May 6 crash, as worse than estimated jobs data raised speculation the Federal Reserve will enact stimulus measures. When the much awaited macro hit the tape, confusion reigned and persisted for the rest of the afternoon. The headline number was weaker (-95k v -5k cons) and initially sent markets lower, but wait, surely a worse number makes QE more likely? Up we went. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD – Rally Could Be Easily Sustained In The Near Term

Posted: 11 Oct 2010 07:20 AM PDT

Good day Forex friends! Last October 7, I mentioned in my post that the euro has still a lot of room to move up against the US dollar. Zooming closer to its, 4-hour chart, you will see that the EURUSD pair has been trading in a very well defined rising channel. Given the pair's present trend and the channel's degree of ascent (45 degrees), I'd say that the euro rise at least in the near term could be easily sustained. Furthermore, another bullish sign propped out of the pair's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2010 Nobel Prize In Economics

Posted: 11 Oct 2010 07:12 AM PDT

As usual, Tyler Cowen at Marginal Revolution has the best summary, commentary and analysis of this year’s Nobel Prize winners in economics:

Peter A. Diamond

Dale T. Mortenson

Christopher A. Pissarides

Tyler’s personal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Abbott Labs Pulls Obesity Drug

Posted: 11 Oct 2010 07:10 AM PDT

Abbott Labs (NYSE:ABT) recently announced its intention to pull obesity drug Meridia from the US market. Abbott Labs’ decision was based on a request made by the US Food and Drug Administration (FDA).
 
The FDA's request was based on data from a post-marketing study (SCOUT – Sibutramine Cardiovascular OUTcome Trial), which showed that patients treated with Meridia experienced a 16% increase in the risk of cardiovascular events (non-fatal heart attack/stroke, the need to be resuscitated once … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AT&T, BlackRock, Chesapeake Energy, CNOOC Limited, Deutsche Bank AG, EMC, Goldman Sachs Group, McMoRan Exploration Company, Broadcom, Google, Microsoft, T. Rowe Price Group, Tesco Corporation

Posted: 11 Oct 2010 07:10 AM PDT

 Microsoft (NASDAQ:MSFT) will unveil its Windows Phone 7 at a NY press event, initially thought to be offered on AT&T’s (NYSE:T) network

 Reports say Google (NASDAQ:GOOG) is testing its driverless car

 China’s CNOOC (NYSE:CEO) is undertaking its first US deal since 2005, with an offer of up to $2.16 billion for a stake in Chesapeake Energy’s (NYSE:CHK) Eagle Ford Shale holdings in Texas

 Deutsche Bank (NYSE:DB) upgraded EMC (NYSE:EMC) from “hold” to “buy,” taking the price target from $20 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JPMorgan To Invest In Solar Energy

Posted: 11 Oct 2010 07:10 AM PDT

On Wednesday, JPMorgan Chase & Co. (NYSE:JPM) announced that its unit JPMorgan Capital Corporation has signed a deal with SunEdison to finance a solar (photovoltaic) energy development project. The amount to be invested by the company is approximately $60 million, which would be deployed in important SunEdison markets across the U.S.
 
JPMorgan will fund the SunEdison project through SunE Solar Fund X and will finance several megawatts (MW) of solar deployments. This will be used in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Align Upgraded To Outperform

Posted: 11 Oct 2010 07:10 AM PDT

Recently, we upgraded Align Technology (NASDAQ:ALGN) to outperform with a target price of $24.00.
During the second quarter of fiscal 2010, Align reported revenues of $108.2 million, an increase of 41.8% compared with the year-ago period. However, the reported quarter included $14.3 million of deferred revenues associated with Invisalign Teen replacement aligners. Excluding the latter, revenue increased 23% annually to $93.9 million.
 
Banking on its core product, Invisalign, Align has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CryoLife BioGlue Gets Shonin OK

Posted: 11 Oct 2010 07:10 AM PDT

Medical devices and tissue processing company CryoLife Inc. (NYSE:CRY) has reportedly received the Japanese "Shonin" clearance (pre-market approval) to market its BioGlue surgical adhesive. The product will be distributed in Japan by the company's partner Century Medical in first half of 2011 for use in the repair of aortic dissections, a subset of cardiac surgery.
 
BioGlue is a leading surgical adhesive used in cardiovascular surgery globally. Since its launch in 1998, the product has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Continues To Grow

Posted: 11 Oct 2010 06:35 AM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the land rig count.
 
The Baker Hughes rig counts, issued since 1944, act as an important yardstick for drilling contractors like Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), Patterson-UTI Energy (PTEN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“NEUTRAL” On TriQuint

Posted: 11 Oct 2010 06:35 AM PDT

We recently reiterated our NEUTRAL recommendation on TriQuint Semiconductor Inc. (NASDAQ:TQNT).

TriQuint is among the leading players in the handset market. The two important areas where the handset market is expected to grow in 2010 are GSM phones and smartphones. TriQuint's wireless handset segment contains a broad product offering of RF devices used in the front-end portion of wireless handsets, such as receivers, switches, power amplifiers and SAW filters. RF content is increasing, with new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

September Air Traffic Up On Demand

Posted: 11 Oct 2010 06:35 AM PDT

The U.S. airline industry is on track for a profitable year after a long drought. Currently, airlines are benefiting from the rebound in traffic, including an increase in business travel and premium service demand. With signs of sustained economic growth, the International Air Transport Association (IATA) has more than tripled its full-year 2010 profit outlook to $8.9 billion for the overall industry compared with the earlier outlook of $2.5 billion.
 
Airline traffic is measured in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JCI To Build New Plant In China

Posted: 11 Oct 2010 06:35 AM PDT

Johnson Controls Inc. ( JCI ) has revealed that it will build a third automotive battery plant in China by investing $118 million. The 30,000 square-meter plant, located in Fuling, which is in the central part of Chongqing , will manufacture automotive lead-acid batteries using Power Solutions technologies of Johnson Controls, including the patented PowerFrame grid technology.
The plant will have an annual production capacity of 6 million batteries. The company will perform the groundbreaking … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 11 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: 11 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: 11 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: 11 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

Where Did The Corn Go?

Posted: 11 Oct 2010 06:17 AM PDT

Fundamentals
“Shocking!” That is the term used by some grain traders just after the release of the USDA’s yield estimate for this year’s U.S. Corn crop. The USDA projected 155.8 bushels per acre yield, which is well below the 162.5 bushels per acre projected in the September crop report. The much lower than expected yields forecast forced the USDA to lower the size of the U.S. Corn crop to 12.664 billion bushels, or nearly 500 million bushels lower than the previous estimate! Even though this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cypress Bio Sells Diagnostics Biz

Posted: 11 Oct 2010 06:06 AM PDT

Cypress Bioscience, Inc. (NASDAQ:CYPB) recently disclosed its agreement with Exagen Diagnostics, Inc. for the sale of its diagnostics business for up to $8 million.
 
Earlier this year, Cypress Bio had announced its intention to sell its diagnostics business by the third quarter of 2010. Per the terms of the deal with Exagen, Cypress Bio will receive an upfront cash payment of $4 million, which will be paid in two equal installments. The second installment will be paid 24 months after the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ACE Adds Jerneh Insurance

Posted: 11 Oct 2010 06:06 AM PDT

Property and casualty insurer ACE Limited (NYSE:ACE) inked a deal to acquire 100% of Jerneh Insurance Berhad in Malaysia, for $200 million, thereby expanding its footprint in Asia. The transaction is expected to close during the fourth quarter of 2010, subject to approval at Jerneh Insurance and other customary closing conditions.
The majority of Jerneh Insurance Berhad is owned by Jerneh Asia Berhad, which has an 80% stake, while Paramount Corp. owns the balance.
The company expects the Jerneh … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Motorola Sues Apple

Posted: 11 Oct 2010 06:06 AM PDT

Just a week after Motorola Inc. (NYSE:MOT) itself became the target of legal action by Microsoft Corp. (NASDAQ:MSFT), it sued Apple Inc. (NASDAQ:AAPL) for the alleged infringement of 18 of its patents. Motorola subsidiary, Motorola Mobility Inc. also filed patent suits against Apple in federal court in Illinois and Florida.
 
Motorola Mobility filed three lawsuits and a trade complaint against Apple alleging that Apple's iPhone, iPad, iTouch and some Macintosh computers illegally use Motorola’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CBI & BP Enter Licensing Agreement

Posted: 11 Oct 2010 06:06 AM PDT

Chicago Bridge & Iron Company N.V. (NYSE:CBI) through its business unit, Lummus Technology signed an agreement with BP plc (NYSE:BP), a London-based oil and gas company, for an exclusive right to sell, market and license BP’s paraxylene recovery and isomerization technology worldwide.
Lummus Technology is one of the leading players engaged in licensing proprietary process technologies to the hydrocarbon industry and licenses more than 70 processes supported by over 1,500 patents and patent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Be Prepared For The Global Stock Market Rally

Posted: 11 Oct 2010 05:58 AM PDT

Indices across the world rose last week in what looks to be the beginning of a historic stock rally.

The Standard & Poor's 500 Index rose 1.6% last week, while the overseas developed-world large-caps – represented by the Vanguard FTSE All-World ex-US exchange-traded fund (VEU) -  rose 2.4%.

Meanwhile, the iShares Emerging Markets ETF (EEM) rose 1.7%, the iShares FTSE/Xinhua China 25 Index (FXI) rose 3%, the iShares MSCI Switzerland Index fund (EWL) rose 3%, and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Continues To Grow

Posted: 11 Oct 2010 05:35 AM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the land rig count.
 
The Baker Hughes rig counts, issued since 1944, act as an important yardstick for drilling contractors like Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), Patterson-UTI Energy (PTEN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: Wal-Mart, Chesapeake Energy, BP, HSBC, BHP Billiton, Barclays, AstraZeneca, Prudential, Siemens, Merck

Posted: 11 Oct 2010 04:56 AM PDT

The number of UK firms citing adverse trading conditions in profit warnings to investors double in the third quarter on concerns about the effect of the government's budget cuts, according to Ernst & Young. (Sources) A total of 46 publicly traded UK companies warned investors about earnings in the three months through September, little changed from 45 in the Q2. 50% cited trading conditions as the reason, up from 22% in the prior three months.

UK

BP (NYSE:BP) – Co. is in talks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stock Picks For Monday: Sears, AK Steel, Southern Union, Stillwater Mining, Concho Resources, Western Digital, Chico’s Fas, Developers Diversified

Posted: 11 Oct 2010 04:35 AM PDT

Here are some stocks I like heading into Monday.

AK Steel (NYSE:AKS)

Southern Union (NYSE:SUG)

Concho Resources (NYSE:CXO)

Western Digital (NYSE:WDC)

Sears (NASDAQ:SHLD)

Chico’s Fas (NYSE:CHS)

Developers Diversified (NYSE:DDR)

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

Institute Of International Finance Showcases ‘Prisoners’ Dilemma’

Posted: 11 Oct 2010 04:08 AM PDT

I first highlighted the quandary known as the 'Prisoners' Dilemma' in January 2009. I have written a dozen separate commentaries on this economic 'game' over the last twenty-two months. Well, while this economic dilemma can be played out between two nations or amongst a wide array, the fact is the stakes of increasing protectionist policies and economic gamesmanship are rising. As aggregate private sector global demand for goods and services continues to decline, global governments … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WisdomTree Plans Actively-Managed Brazil Bond ETF

Posted: 11 Oct 2010 04:00 AM PDT

WisdomTree Investments, which has seen quite a lot of traction for its first fixed-income oriented actively-managed ETF – the Emerging Market Local Debt Fund (ELD: 53.58 0.00%), is building on that success to launch another actively-managed bond fund. WisdomTree filed with the SEC a preliminary prospectus for a Brazil Bond Fund, that will be actively-managed to achieve income and capital appreciation in the fund. The ticker for the ETF is as yet undecided, but it will be listed on the NYSE. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Differences Between A Chartered Financial Analyst And A Chartered Market Technician

Posted: 11 Oct 2010 03:45 AM PDT

Before we present today's interview, we just wanted to wish those of you celebrating Thanksgiving a wonderfully joyous day. We hope your day turns out to be happy, special, endearing and one worth remembering for years to come.
In the spirit of Thanksgiving we would like to thank all of you (yes, each and everyone of you that read this site) for your support and encouragement this year. It's been a fun and rewarding 10 months and we appreciate all that you contribute to this site. See you … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Benefits From Economic Outlook, Gold Supported By Weak Dollar

Posted: 10 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Benefits from Economic Outlook
Crude Oil (WTI) – $83.32 // $0.66 // 0.80%
Commentary:Crude oil is kicking off the new week with more gains as optimism surrounding the global economy continues to permeate the financial markets. Now that U.S. petroleum inventories are showing some signs of falling from their extremely depressed levels, that is only adding more fuel to the fire for crude oil prices. This next week will likely be influenced primarily by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Disappointing NFPs Encourages Gold And Is Ignored By Oil Traders

Posted: 08 Oct 2010 05:44 PM PDT

North American Commodity Update
Commodities – Energy
Despite Stable Risk Trends and Disappointing Data, Crude Manages a Sharp Rebound
Crude Oil (LS Nymex) – $82.66 // $0.99 // 1.21%
The sharp tumble from oil Thursday was a corrective effort following a particularly aggressive upswing. However, volatility begets volatility; and the drive to end the week would put the market back in tune with the past two week's primary drive. Hovering just around $83, US oil is holding just off of five-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canada’s Employment Report Unexpectedly Drops 6.6K In September

Posted: 08 Oct 2010 04:44 AM PDT

        

Fundamental Headlines
• Dollar Drubbing Takes A Breather – Wall Street Journal
•Osborne Credits U.K. Austerity Plan Stimulus Checks Sent to Dead – Wall Street Journal
• Investors Price In U.S. Inflation Fears- Financial Times
•Global Government Debt Levels On "Explosive Path," S&P Says – Bloomberg
• Trichet On "Battlefield" Edge as Policy Propels Euro to $1.40– Bloomberg
USDCAD: Canada's net change in employment … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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