Thursday, October 21, 2010

DailyMarkets.com - Game On: Ken Turner Of Sceptre Leisure Talks To Stockopedia

DailyMarkets.com - Game On: Ken Turner Of Sceptre Leisure Talks To Stockopedia


Game On: Ken Turner Of Sceptre Leisure Talks To Stockopedia

Posted: 21 Oct 2010 03:16 AM PDT

Ken Turner arrives at his Preston headquarters at 6.30am every morning – perhaps a little later on a Saturday and Sunday. By 10am, each of his UK-wide network of depots has been issued with detailed information about their performance and left in little doubt about what's expected of them. "This is a profits business," says Turner. "Customer service is everything."

For the chief executive of AIM listed gaming machine operator and pub supplies business Sceptre Leisure … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Holds Gains After Mixed Swiss Data

Posted: 21 Oct 2010 03:11 AM PDT

Forex Pros – The U.S. dollar was up against the Swiss franc on Thursday, holding onto early gains, following the release of a flurry of mixed Swiss economic data.

USD/CHF hit 0.9682 during European morning trade, the daily high; the pair subsequently consolidated at 0.9632, gaining 0.15%.

The pair was likely to find support at 0.9462, the low of October 14 and the all time low and resistance at 0.9756, Tuesday's high.

Earlier in the day, the ZEW Centre for European Economic Research said … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong Quarter For Badger Meter

Posted: 21 Oct 2010 03:06 AM PDT

Badger Meter Inc. (NYSE:BMI) delivered a strong third quarter which ended September 30, 2010, with record EPS of 60 cents, up 28% from 47 cents in the year ago quarter and surpassing the Zacks Consensus Estimate of 52 cents. The strong results were driven by robust sales across all of its product lines as well as lower effective income tax rate compared with the year-ago quarter.
Revenue
Total revenue in the quarter jumped 25% year-over-year to $75.7 million, another record; surpassing the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Chart Of The Week: Santarus

Posted: 21 Oct 2010 03:04 AM PDT

Santarus (NASDAQ:SNTS) took a beating in April when it received a patent ruling loss related to its heartburn drug, ZEGERID.  SNTS lost about 40% and continued a downtrend thereafter until September.  On September 9th, SNTS received exclusive rights to manufacture and market CYCLOSET.  This started the turnaround in the stock that has continued for over a month.

SNTS has to financially recover from the loss of ZEGERID even with the appeal it made.  The appeal process is likely to last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Advance After The Open; DAX Up 0.59%

Posted: 21 Oct 2010 03:04 AM PDT

Forex Pros – European stocks advanced after the open on Thursday, shrugging off a worse-than-expected earnings report from Credit Suisse, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 was up 0.56%; France's CAC 40 rose 0.71%; while Germany’s DAX gained 0.59%.

In earnings news, shares in Switzerland's second-largest bank Credit Suisse tumbled 3.11% after it said that revenue in the third quarter declined to CHF 6.28 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits 6-month High After BoE Committee Splits

Posted: 21 Oct 2010 02:18 AM PDT

Forex Pros – The pound was down against the euro on Thursday, tumbling to a 6-month low after the Bank of England’s monetary policy committee minutes showed a three-way split with one vote for more monetary easing.

EUR/GBP hit 0.8902 during European morning trade, the pair's highest since April 1; the pair subsequently consolidated at 0.8878, surging 0.74%.

The pair was likely to find support at 0.8736, Wednesday's low and resistance at 0.8944, the high of March 31.

The BoE's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals After Optimistic Beige Book

Posted: 21 Oct 2010 01:46 AM PDT

Forex Pros – The U.S. dollar was mixed against the other major currencies on Thursday, after the Federal Reserve's Beige Book reported that “national economic activity continued to rise, albeit at a modest pace” from September through early October.

During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.43% to hit 1.4023. Earlier in the day, official data showed that the euro zone's manufacturing PMI rose more-than-expected in October.

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


U.K. Retail Sales Fall Unexpectedly In September

Posted: 21 Oct 2010 01:40 AM PDT

Forex Pros – Retail sales in the United Kingdom fell unexpectedly in September, official data showed on Thursday.

In a report, the U.K. Office for National Statistics said retail sales fell by a seasonally adjusted 0.2% in September, after falling by 0.7% in August, whose figure was revised from a decline of 0.5%.

Analysts had expected retail sales to rise by 0.4% in September.

The report said that year-on-year, retail sales in the U.K. rose less-than-expected, increasing by a seasonally … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Erases Gains, Re-approaching 15-year Low

Posted: 21 Oct 2010 01:26 AM PDT

Forex Pros – The U.S. dollar erased gains against the yen on Thursday, falling to a fresh daily low, following remarks by Japan's Chief Cabinet Secretary.

USD/JPY retreated from 81.81, the pair's highest since Tuesday, to hit 80.97 during European morning trade, shedding 0.12%.

The pair was likely to find short-term support at 80.84, Wednesday’s low and a 15-year low and resistance at 82.34, the high of October 12.

Earlier in the day, Japan's Chief Cabinet Secretary Yoshito Sengoku … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Zone Flash Manufacturing PMI Rises Unexpectedly

Posted: 21 Oct 2010 01:23 AM PDT

Forex Pros – Manufacturing activity in the euro zone rose unexpectedly in October, rising to its highest level in 2 months, preliminary data showed on Thursday.

In a report, market research group Markit said that its preliminary manufacturing purchasing managers index rose to a seasonally adjusted 54.1 in October, up from 53.7 in September, whose figure was revised up from 553.6.

Analysts had expected the index to decline to 53.2 in October.

A reading above 50.0 on the index indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asia Stocks Mixed As Strong Yen Weighs; Nikkei Down 0.05%

Posted: 21 Oct 2010 01:13 AM PDT

Forex Pros – Asian stocks were mixed on Thursday, as shares in the financial sector led declines, while Japanese exporters remained under pressure from the strong yen.  

During last Asian trade, Hong Kong’s Hang Seng Index was up 0.35%, South Korea’s Kospi Composite rose 0.23%, while Japan's Nikkei 225 Index shed 0.05%.

Financial stocks led markets lower, amid concerns that financial regulations relating to large lenders would tighten. Shares in Japan's largest bank Mitsubishi … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Flash PMI

Posted: 21 Oct 2010 01:09 AM PDT

Eurozone Manufacturing PMI came in at 54.1, stronger than the 53,2 expected.
Services PMI came in at 53.2, weaker than the 53.8 expected.
Eur/Usd continues to make new highs as the pair currently trades at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Tumbles To Daily Low After BoE Minutes Show Split

Posted: 21 Oct 2010 12:49 AM PDT

Forex Pros – The pound was down against the U.S. dollar on Thursday, falling to a daily low after the Bank of England’s Monetary Policy Committee minutes showed a three-way split with one vote for more monetary easing.

GBP/USD hit 1.5729 during early European trade, a daily low; the pair subsequently consolidated at 1.5732, tumbling 0.73%.

Cable was likely to find short-term support at 1.5649, Wednesday's low and resistance at 1.5941, Tuesday's high.

The BoE's monetary policy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Edges Higher After Geithner Remarks

Posted: 21 Oct 2010 12:31 AM PDT

Forex Pros – The euro edged higher against the U.S. dollar on Thursday, erasing early losses, following remarks by U.S. Treasury Secretary Timothy Geithner.

EUR/USD hit 1.3975 during late Asian trade, a daily high, the pair subsequently consolidated at 1.3973, gaining 0.07%.

The pair was likely to find support at 1.3636, the low of October 5 and resistance at 1.4155, last Friday's high and a 10-month high.

In an interview with the Wall Street Journal Geithner said he believes major … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USD Reverses Gains, Drops Against Major Counterparts

Posted: 20 Oct 2010 11:56 PM PDT

USD Reverses Gains, Drops against Major Counterparts
The U.S. dollar on Wednesday gave back most of the gains against major counterparts, dropping against the EUR and felling to a 15-year low against the Japanese yen, as the knee jerk reaction to China’s interest rate hike subsided.
Economic News
USD – USD Reverses Gains, Dropping versus Most Currency Counterparts
The USD fell yesterday, reversing Tuesday’s gains, as the knee jerk reaction to china’s small interest hike subsided and a renewed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Reverses Prior Losses On Fed Speculation, Gold Rises On Risk Reversal

Posted: 20 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Reverses Prior Losses on Fed Speculation
Crude Oil (WTI) – $82.00 // $0.23 // 0.28%
Commentary: A stunning reversal had crude oil and equity markets recouping a significant portion of Wednesday's losses. Oil ended Thursday's session $2.28, or 2.87%, higher to settle at $81.77. The catalyst was speculation pertaining to the Fed's anticipated monetary easing at the next meeting in November. Some market commentators are calling for the Fed to purchase $100 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eur/Usd Edges Higher In Early European Trade

Posted: 20 Oct 2010 11:09 PM PDT

Upon the open of the European session Eur/Usd edged higher and appears ready to break above its 200 hour M/A of 1.3935. If the pair does break above 1.3981 should act as strong resistance. A failed break may send the pair down to 1.3870-5 level, an area it dropped to post Geithner comments during the Asian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Krispy Kreme Doughnuts

Posted: 20 Oct 2010 11:05 PM PDT

Krispy Kreme Doughnuts (NYSE:KKD) has gone through a massive turnaround, and both analysts and investors are noticing. Shares have surged lately and should be garnering more attention as it recently passed an important price point.
While the growth rates are fantastic, they are also reasonably priced for this Zacks #1 Rank (Strong Buy).
Company Description
Krispy Kreme is a popular chain, selling signature doughnuts and coffee. The company has been around since the 30′s and now as more than 630 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: CSX Corp

Posted: 20 Oct 2010 11:05 PM PDT

CSX Corp (NYSE:CSX) was one of the first companies to kick off earnings season when it reported its third quarter results on October 12. Many eyes were on the southeastern railroad company because it also serves as a bellwether to the overall economy.
The company did not disappoint.
CSX reported excellent earnings growth driven by double-digit volume gains. The company also remains upbeat about the future as it announced capital spending increases and additional share buy backs on the heels of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Polo Ralph Lauren Corp.

Posted: 20 Oct 2010 11:05 PM PDT

Polo Ralph Lauren Corp. (NYSE:RL) recently traded within striking distance of its multi-year high as the company’s earnings rebound on a better consumer environment. With an average earnings surprise of 41% over the last four quarters and a bullish next-year estimate, this Zacks #1 rank stock offers some nice momentum.
Company Description
Polo Ralph Lauren Corp., together with its subsidiaries, designs and sells clothes and accessories for men, women and children worldwide. The company was founded … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: CONSOL Energy (CNX)

Posted: 20 Oct 2010 11:05 PM PDT

We have downgraded our recommendation on CONSOL Energy (NYSE:CNX) to Underperform, primarily due to disappointing third-quarter coal production results.
Concerns regarding the formulation of stricter safety legislations and rigid penalties on underground mining, due to the recent Upper Big Branch mine incident, make our view negative for underground miners such as CONSOL.
We have downgraded our recommendation for CONSOL shares to Underperform from Neutral. Our $35 target price, 9.4x 2011 EPS, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Royal Caribbean Cruises (RCL)

Posted: 20 Oct 2010 11:05 PM PDT

Royal Caribbean’s (NYSE:RCL) strategy to hedge fuel prices helped restrain the spike in fuel costs. Moreover, with robust booking momentum, we believe that the company is well positioned to drive solid operating leverage in the long run.
The company is also restructuring its business to increase fuel efficiency. Slower industry capacity growth in 2012 and beyond will allow the company to reap returns considerably.
Moreover, the company is approaching its fourth quarter, which is the holiday season … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Is Peter Schiff Wrong? Large-Cap Gold Stocks Do Not Outperform Gold

Posted: 20 Oct 2010 10:16 PM PDT

Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy Market Vectors Gold Miners ETF (GDX) because the large-cap stocks were priced for a decline in Gold. He also said the speculative juniors were going nowhere. These things may be true and play out in his favor over the coming months and years.

However, the reality is that over time, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WisdomTree Files For Actively Managed Emerging Market Bond ETFs

Posted: 20 Oct 2010 08:17 PM PDT

In an attempt to broaden its horizons, ETF provider WisdomTree Investments, recently filed paperwork with the Securities and Exchange Commission to provide actively managed emerging market bond ETFs.
According to the filing, the first ETF of the proposed three, would be the WisdomTree Asia Bond Fund,  which seeks to offer broad exposure to Asian government and corporate bonds.  Furthermore, the fund intends to invest in fixed income securities denominated in the local currency of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Thursday 21 October

Posted: 20 Oct 2010 07:15 PM PDT

Index opened little change despite strong finish in the overnight DJ. Cautious trading is needed during this time period but we had quite a number of IPOs for this week. Just look out for Mapletree Industry Trust at 2pm today.

News update :

1) Boeing raises 2010 profit forecast, citing stronger outlook for commercial airplanes.

2) US stocks post modest gains at open; airlines, paced by Delta’s 7% surge, lead pack.
3) Apple to launch Mac App Store, new operating system called Lion.
4) Dow … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Critical Technical Tests Everywhere

Posted: 20 Oct 2010 06:10 AM PDT

Last week I wrote that the relative performance of the Financials was a key to understanding the health of the bull. Given all the news that have tossed the sector around, the relative performance chart of the Financials are at a critical technical testing point:

The chart below shows that the sector had broken down from a key relative resistance level (red line), bounced off a Fibo support level and rallied to test the (red) relative resistance level. Should the sector weaken further on a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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