Tuesday, October 19, 2010

DailyMarkets.com - Does The American Express Gold Card Live Up To Its Name? Find Out In This Review

DailyMarkets.com - Does The American Express Gold Card Live Up To Its Name? Find Out In This Review


Does The American Express Gold Card Live Up To Its Name? Find Out In This Review

Posted: 19 Oct 2010 07:50 AM PDT

Before you apply for this card, read this!

If you are looking for a rewards card that lets you redeem for a wide variety of travel, shopping, dining and entertainment rewards and gives you many exclusive benefits when you make purchases on virtually anything, then you should consider the American Express® Gold Card, which is one of American Express’ (NYSE:AXP) rewards cards.

Here I will do a detailed review of the American Express® Gold Card, one of the many credit card offers we have at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Stocks To Know For Tuesday: Citigroup, Bank of America, JP Morgan, Halliburton, Apple, Microsoft, IBM

Posted: 19 Oct 2010 07:30 AM PDT

U.S. stocks rose Monday to a five-month high, led by financial shares, after Citigroup.'s earnings topped estimates and an unexpected drop in industrial production was taken as a further sign that the Federal Reserve will help fuel the recovery with another bout of QE. Citigroup (NYSE:C) rallied 5.4%. Hasbro., the second-largest toymaker, advanced 3.8% after reporting higher-than- estimated earnings. But Halliburton (NYSE:HAL), the second-biggest oilfield-services provider, slumped 4.8% as profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Holds Key Support And Corrects Sharp Move Lower

Posted: 19 Oct 2010 07:17 AM PDT

Can Twitter Mood Predict The Stock Market?

Posted: 19 Oct 2010 07:16 AM PDT

This academic paper says Yes, here’s the abstract:

“Behavioral economics tells us that emotions can profoundly affect individual behavior and decision-making. Does this also apply to societies at large, i.e. can societies experience mood states that affect their collective decision making? By extension is the public mood correlated or even predictive of economic indicators? 

Here we investigate whether measurements of collective mood states derived from large-scale Twitter feeds are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Philips Profit Up, But Outlook Wary

Posted: 19 Oct 2010 07:05 AM PDT

Koninklijke Philips Electronics NV (NYSE:PHG) reported earnings per share of €0.55 (70 cents per ADR) for the third quarter of 2010, compared with €0.19 in the prior-year quarter. The company delivered strong performance in all its operating sectors, especially Lighting and Healthcare.
Revenue
Total sales in the quarter were €6,159 million, an increase of 10% year over year, led by increased sales in all its sectors. Currency movements had an 8% favorable impact on sales.
Healthcare sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates


RLI Corp. Beats Estimates

Posted: 19 Oct 2010 07:05 AM PDT

RLI Corp. (NYSE:RLI) reported third-quarter 2010 operating earnings of $1.19 per share, beating the Zacks Consensus Estimate of 97 cents by 22 cents. Operating earnings were a penny ahead of the year-ago period.
Operating earnings for the quarter were $25.0 million versus $25.8 million in third-quarter 2009. The decline over the prior-year quarter may primarily be attributed to higher expenses and the lackluster performance at the Casualty segment.
Third-quarter 2010 operating earnings include … [visit site to read more] or compare Best Credit Cards and Best CD Rates


State Street Beats Estimates

Posted: 19 Oct 2010 07:05 AM PDT

State Street Corporation's (NYSE:STT) third quarter 2010 operating earnings of 86 cents per share were ahead of the Zacks Consensus Estimate of 83 cents. However, the results deteriorated 7.5% from 93 cents in the prior quarter though they improved 21.1% from 71 cents in the prior-year quarter.
Operating results, however, exclude certain discount accretion related to former conduit assets, merger and integration costs and a tax on bonus payments to employees in the United Kingdom.
On a GAAP … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PetMed Continues To Disappoint

Posted: 19 Oct 2010 07:05 AM PDT

PetMed Express (NASDAQ:PETS) has posted another disappointing quarter. The company reported an EPS of 22 cents for the second quarter of fiscal 2011, lower than both the Zacks Consensus Estimate of 26 cents and the year-ago quarter's 28 cents.
Net sales of the company declined 1.9% year over year to $61.2 million, missing the Zacks Consensus Estimate of $63 million. The company derives most of its revenues from repeat business. Reorder sales were $47.9 million, up 4.6% from the second quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Tests Trendline Resistance At 81.90. Key Level.

Posted: 19 Oct 2010 06:56 AM PDT

2nd Retail Clinic Opens In DC 4 Miles From Capitol

Posted: 19 Oct 2010 06:52 AM PDT

WASHINGTON (Oct. 18) — “MinuteClinic celebrated the opening of its second clinic location inside a CVS/pharmacy store in the District of Columbia with a ribbon-cutting ceremony.

The new MinuteClinic, located inside the CVS/pharmacy at 320 40th Street NE in the Benning neighborhood, serves residents in Ward 7 and is within walking distance of Metro stations on the orange and blue lines, as well as Metrobus service. It joins the first MinuteClinic to open in the district at 845 Bladensburg … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Approaches Low From Last Week At 1.3775. 1.3830 Resistance Now

Posted: 19 Oct 2010 06:36 AM PDT

Millicom Reports Mixed Results

Posted: 19 Oct 2010 06:35 AM PDT

Millicom International Cellular SA (NASDAQ:MICC) has declared third quarter 2010 financial results. Quarterly total revenue of $1,017.7 million was an improvement of 13% year-over-year.Third quarter revenue was also better than the Zacks Consensus Estimate of $990 million.  
 
For the first time in Millicom's history, the company was able to generate more than $1 billion of quarterly revenue. This was mainly due to higher contribution from African and Latin American regions and favorable … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: American Electric Power Company, Bank Of America, Coca-Cola Company, Goldman Sachs Group, Harley-Davidson, Johnson & Johnson, Lockheed Martin, State Street Corp, UnitedHealth Group Incorporated

Posted: 19 Oct 2010 06:35 AM PDT

 Johnson & Johnson (NYSE:JNJ) reported earnings of $1.23, versus Zacks estimates of $1.15, as revenues dropped 0.7% to $14.98 and missed estimates of $15.22 billion

 Lockheed Martin (NYSE:LMT) posted third quarter results of $1.55, versus Zacks estimates of $1.58, on revenues that advanced 5.6% to $11.38 billion, but missed Zacks estimates of $11.58 billion

 State Street (NYSE:STT) topped third quarter consensus projections with earnings of $0.86, a $0.03 beat, on revenues of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 19 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: 19 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: 19 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: 19 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


Apple’s 4th Quarter Beat, In Depth

Posted: 19 Oct 2010 06:05 AM PDT

Apple Inc. (NASDAQ:AAPL) reported stellar fourth quarter 2010 results with highest quarterly revenues and earnings in the company's history, which blew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales, increased iPad sales and success of new product launches.
Strong results are attributable to the thriving demand for the company’s iPhone and Mac, as unit shipments remain robust. Despite upbeat results, shares fell in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BofA’s Operating Earnings Beat

Posted: 19 Oct 2010 06:05 AM PDT

Bank of America Corporation's (NYSE:BAC) third quarter 2010 earnings came in at 27 cents per share, substantially ahead of the Zacks Consensus Estimate of 16 cents. This also compares favorably with the loss of 26 cents in the prior-year quarter.
Earnings for the reported quarter leave out a non-cash, non-tax deductible goodwill impairment charge of $10.4 billion. Considering this charge, BofA reported a net loss of $7.3 billion or 77 cents per share, compared with a net loss of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Is The Ride Over For Wall Street Investment Banks?

Posted: 19 Oct 2010 06:01 AM PDT

The collapse of The Bear Stearns Cos. and Lehman Brothers Holdings Inc. (OTC: LEHMQ), the forced takeover of Merrill Lynch and the decisions by Goldman Sachs Group Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) to get commercial-banking licenses seemed to signal that the investment-banking business model was dead.

Since then, however, Goldman Sachs, in particular, has posted an astonishing run of profitability, earning gigantic sums even while the rest of the U.S. economy languished.

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


Stocks To Watch On Tuesday: Bank Of America, IBM, Apple, Morgan Stanley, Johnson & Johnson, BP, Infineon

Posted: 19 Oct 2010 05:41 AM PDT

BP (NYSE:BP)/Premier Oil – Premier Oil is mulling a USD 500mln bid for BP's gas production business in Pakistan, according to people familiar with the talks. (Times)

UK

Xstrata – Co. said its Q3 mined Copper output up 10%, Q3 Zinc in concentrate output down 10%, and Q3 mined Nickel output up to a record 21%. (RTRS)

Autonomy Corp – Co. increased Q3 profit before tax (adjusted) to USD 86.3mln, up 34% from Q3 2009, and said the co. is confident in maintaining its view of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NOC: Curtains For Shipbuilding?

Posted: 19 Oct 2010 05:35 AM PDT

Los Angeles-based defense contractor Northrop Grumman Corporation (NYSE:NOC) is mulling over exiting the shipbuilding business. The company on October 15, 2010 filed a Form 10 registration statement with the U. S. Securities and Exchange Commission contemplating the exploration of strategic alternatives for its shipbuilding business.
Northrop Grumman's shipbuilding business, headquartered in Newport News, Virginia, is the U.S.'s sole industrial designer, builder and refueler of nuclear-powered … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Capital One Beats Substantially

Posted: 19 Oct 2010 05:06 AM PDT

Capital One Financial Corp.'s (NYSE:COF) third quarter 2010 earnings from continuing operations of $1.79 per share were substantially ahead of the Zacks Consensus Estimate of $1.12. The earnings also compare favorably with earnings of $1.78 in the prior quarter and 96 cents in the year-ago quarter.
Results for the quarter benefited over the prior-year quarter primarily from increased revenues and a lower provision for loan losses due to improved credit performance. However, an increase in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Valuation-Informed Indexing #12:Stock Crashes Are Impossible — It’s A Good Thing Too Given How Frequently They Turn Up

Posted: 19 Oct 2010 04:53 AM PDT

by Rob Bennett
The Efficient Market Theory says that all available information is incorporated into the stock price. If anything were left out, some enterprising investor would jump in to "exploit" the edge he gained by knowing more than the market about how stocks should be priced.
Economic developments bad enough to cause a stock crash do not happen in the space of a day or a week or even a month. So it is impossible under this model for stock prices to fall as dramatically as they need … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Dollar Rallies Against All Major Currencies Ahead Of The Slew Of Fed Speeches

Posted: 19 Oct 2010 04:45 AM PDT

        

Fundamental Headlines
• Europe's Markets Tread Water – Wall Street Journal
•Banks Lead Asian Markets Higher – Wall Street Journal
• Geithner Denies U.S. Bid To Weaken Dollar – Financial Times
•German Investor Confidence Fell To 21-Month Low In October – Bloomberg
• Zapatero Heads To Spain Budget Victory After Getting Majority – Bloomberg
EURUSD: Eurozone current account for the month of August marked a deficit of 10.5 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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