Thursday, October 21, 2010

DailyMarkets.com - Getting Rid Of Debt: A Systematic Plan To Follow

DailyMarkets.com - Getting Rid Of Debt: A Systematic Plan To Follow

Getting Rid Of Debt: A Systematic Plan To Follow

Posted: 21 Oct 2010 07:44 AM PDT

Are you in debt and do you feel like you'll never get out of it? No matter how you feel or how big your debt is, there is always a solution for you.

Here is a simple plan that if followed, along with minimizing or banning completely your credit card use, will help you get out of debt.

This process might take you anywhere from a few months to several years to complete, depending on your amount of debt, so it's important that you're patient and honest with yourself.

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

Host Stocks To Know For Thursday: Bank of America, Goldman Sachs, Apple, Blackrock, Wells Fargo, Ebay, Berkshire Hathaway

Posted: 21 Oct 2010 07:32 AM PDT

As I said yesterday, there was a risk that the knee jerk reaction to the Chinese rate hike was a big mistake Tuesday, and so it proved to be Wednesday. The Chinese didn't seem bothered by the rate hike so we reversed course. The biggest moves came in the FX markets where the dollar gave back all of its gains (DXY -1.3 percent). Materials (+2 percent) and Energy (+1.4 percent) followed the moves in Commodities (Crude +2.7percent, Copper +1.25 percent). Banks (+1.5 percent) struggled … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A New ETF To Play Precious Metals

Posted: 21 Oct 2010 07:31 AM PDT

As the appeal for precious metals continues to prevail, ETF provider, ETF Securities, announced that its newest product, the ETFS Precious Metals Basket (GLTR), will begin trading on the NYSE Arca tomorrow.
This new ETF will be the first of its kind enabling investors to gain access to physically backed gold, silver, platinum and palladium all in one security. The actual gold, silver, platinum and palladium bullion that the ETF is backed by is expected to be held by the trust, vaulted in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Higher On Light Trade. Back Above 1.4004

Posted: 21 Oct 2010 07:19 AM PDT

Philadelphia Fed Manufacturing Index Rises Less-than-expected

Posted: 21 Oct 2010 07:19 AM PDT

Forex Pros – Manufacturing activity in the U.S. state of Philadelphia rose less-than-expected in October after falling for two consecutive months, official data showed on Thursday.

In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index rose to 1.0 in October, after falling to 0.7 in September.

Analysts had expected the index to rise to 2.3 in October.

The report said that while the new orders index continued to suggest weak demand for manufactured goods and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725

Posted: 21 Oct 2010 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails

Posted: 21 Oct 2010 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

StanCorp Financial Beats Estimates

Posted: 21 Oct 2010 07:05 AM PDT

StanCorp Financial Group (NYSE:SFG) reported third-quarter 2010 earnings of $1.39 per share from continuing operations, beating the Zacks Consensus Estimate of $1.15 by 24 cents. Earnings also surpassed the year-ago result of $1.21. Net income from continuing operations for the quarter was $64.8 million, up 8.4% from $59.8 million reported in third-quarter 2009.
StanCorp incurred an after-tax net capital loss of $18.6 million or 40 cents per share in the quarter under review. Including the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alliance Data Beats Estimates

Posted: 21 Oct 2010 07:05 AM PDT

Alliance Data Systems Corporation(NYSE:ADS) reported adjusted earnings of $1.55 cents per share for third-quarter 2010, beating the Zacks Consensus Estimate of $1.39 by 16 cents. Results also increased 31% year over year and exceeded the company’s guidance of $1.52. Adjusted net income for the quarter was $85.6 million compared with $76.7 million reported in third-quarter 2009.
 
Including Stock compensation expense of $11.0 million, amortization of purchased intangibles of $20.7 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AT&T, Caterpillar, Eli Lilly And Company, McDonald’s, Travelers Companies Inc, Union Pacific, United Parcel Service, EBay, Netflix

Posted: 21 Oct 2010 07:05 AM PDT

 AT&T (NYSE:T) reported in-line third quarter earnings of $0.55 on slightly better-than-expected revenues that advanced 2.8% to $31.58 billion

 UPS (NYSE:UPS) reported third quarter earnings a nickel above estimates at $0.93 on revenues up 9.3%, but below Zacks estimates of at $12.38 billion

 Caterpillar (NYSE:CAT) topped estimates with third quarter earnings of $1.22 versus estimates of $1.09 on revenues up 52.6% to $11.13 billion, above estimates of $10.43 billion. The firm … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDonald’s Beats, Shares Up

Posted: 21 Oct 2010 07:05 AM PDT

McDonald's Corporation (NYSE:MCD) posted third quarter 2010 earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.24. Third quarter earnings escalated 12% from $1.15 per share reported in the prior-year quarter. However excluding the unfavorable currency impact of 3 cents in the reported quarter, earnings soared 15.0% year over year.
The better-than-expected results were driven by value offerings and premium products, and a rise in comparable-store sales across all regions. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chesapeake Financial Outperforms

Posted: 21 Oct 2010 07:05 AM PDT

Chesapeake Financial Shares, Inc. (CPKF, or the Company) reported third quarter diluted EPS of $0.71, a 33% increase from the $0.53 posted a year ago. This compares to our third quarter estimate of $0.59, with the Company's outperformance primarily reflecting stronger cost controls than anticipated, as total noninterest expense declined 2% year over year and 6.5% sequentially to $6.2 million.

Net interest income increased 12% year over year to $5.6 million, and noninterest income jumped 23% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Higher After The Open; Dow Jones Rises 0.52%

Posted: 21 Oct 2010 07:04 AM PDT

Forex Pros – U.S. stocks were higher after the open on Thursday, as strong corporate earnings reports boosted sentiment on Wall Street and led markets higher.

During early U.S. trade, the Dow Jones Industrial Average rose 0.63%; the S&P 500 index gained 0.47%, while the Nasdaq Composite index was up 0.64%.

In earnings news, shares in the world's largest online auction site eBay jumped 9.12% after the company reported higher-than-estimated third quarter earnings. The internet giant … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Core Labs Tops By A Penny

Posted: 21 Oct 2010 06:35 AM PDT

Core Laboratories N.V. (CLB) reported satisfactory third quarter 2010 results, driven by an impressive performance across all the three business units. Earnings per share came in at 79 cents, slightly above the Zacks Consensus Estimate of 78 cents. On a year-over-year basis, the result increased 18% from 67 cents in the third quarter of 2009.
Total revenue for the quarter was $199.2 million, up 19% from $167.8 million in the prior-year quarter, aided by a 28% growth in U.S revenues and 10% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble Misses Amid GoM Disruption

Posted: 21 Oct 2010 06:35 AM PDT

Noble Corporation's (NE) third quarter 2010 earnings of 39 cents per share missed the Zacks Consensus Estimate of 42 cents and the year-earlier quarter's profit of $1.58 per share. Lower-than-expected results were mainly due to the impact of the Gulf of Mexico (GoM) drilling moratorium. We have adjusted third quarter results for 5 cents per share of transaction costs associated with the acquisition of FDR Holdings Limited ('Frontier').
Total revenue in the quarter dropped approximately … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Pares Gains After Better-than-expected U.S. Jobs Data

Posted: 21 Oct 2010 06:21 AM PDT

Forex Pros- The euro pared gains against the U.S. dollar on Thursday, retreating from a 4-day high, following the release of better-than-expected U.S. data on initial jobless claims.

EUR/USD retreated from 1.4049, the pair's highest since October 15, to hit 1.3980, during European afternoon trade, gaining 0.14%.

 The pair was likely to find support at 1.3697, Wednesday's low and resistance at 1.4155, last Friday's high and a 10-month high.

Earlier in the day, the U.S. Department … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 21 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: 21 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: 21 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: 21 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

E*TRADE Reports In Line

Posted: 21 Oct 2010 06:07 AM PDT

E*TRADE Financial Corporation’s (NASDAQ:ETFC) third-quarter earnings of 3 cents per share was in line with the Zacks Consensus Estimate. The income for the reported quarter compared unfavorably with 12 cents in the prior quarter. However, the company reported loss of $6.74 per share in the prior-year quarter.
E*TRADE reported a third-quarter net earnings of $8 million, compared with a net income of $35 million in the prior quarter and a loss of $275.6 million in the prior-year quarter.
Though … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WDC Revenue Grows, EPS Tumbles

Posted: 21 Oct 2010 06:07 AM PDT

 
Western Digital (NYSE:WDC) reported first quarter fiscal 2011 EPS of 84 cents, which exceeded the Zacks Consensus Estimate of 81 cents. Revenues of $2.39 billion also surpassed the Zacks Consensus Estimate of $2.35 billion.
 
Revenue
 
First quarter fiscal 2011 revenue of $2.39 billion increased 8.5% from $2.20 million reported in the year-ago quarter. The substantial increase may be attributed to steady demand from existing customers that boosted unit shipments during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Q3 Earnings Rise More-than-expected

Posted: 21 Oct 2010 06:05 AM PDT

Forex Pros – Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, reported better-than-expected earnings in the third quarter and raised its full-year forecast.

Earlier Thursday, in its third quarter earnings report, Caterpillar said that third quarter profit increased by 96% to USD 792 million, up from USD 404 million from a year earlier.

Analysts had expected third quarter profit to increase to USD 687 million.

The report showed that third quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD At Key Technical Level. It Needs A Shove One Way Or The Other

Posted: 21 Oct 2010 06:00 AM PDT

Forex Trading: EURUSD Back Below 1.4000

Posted: 21 Oct 2010 05:51 AM PDT

Forex – USD/CAD Erases Losses After U.S. Jobless Claims Fall

Posted: 21 Oct 2010 05:51 AM PDT

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Thursday, rising to an intra-day high, after official data showed that U.S. initial jobless claims fell more-than-expected last week.

USD/CAD clawed back up from 1.0169, a 2-day low, to hit 1.0217 during European afternoon trade, gaining 0.06%.

The pair was likely to find support at 1.0116, the low of October 18 and resistance at 1.0348, Wednesday's high.

Earlier in the day, the U.S. Department of Labor said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lackluster Quarter From Xilinx

Posted: 21 Oct 2010 05:35 AM PDT

California-based Xilinx, Inc. (NASDAQ:XLNX) posted net income of 171 million or 65 cents in the second quarter of 2011 compared to a net income of $159 million or 58 cents per share in the first quarter of fiscal 2011, in line with the Zacks Consensus Estimate. Net income for the quarter more than doubled from $64.0 million or 23 cents in the year-ago quarter.
Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinder Morgan Misses In 3Q

Posted: 21 Oct 2010 05:35 AM PDT

Kinder Morgan Energy Partners L.P. (NYSE:KMP) reported its third quarter results of 23 cents per limited partner unit, significantly below from the year-earlier quarter results of 40 cents and the Zacks Consensus Estimate of 36 cents.
 
The quarterly results were hurt by several items including lower oil price realizations, REX Ohio property tax issue and poor margins in the Texas Intrastate markets.
 
Revenue in the quarter increased to $2,060 million from $1,660.7 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Initial Jobless Claims Fall More-than-expected

Posted: 21 Oct 2010 05:35 AM PDT

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 16 fell to a seasonally adjusted 452K, after rising to 475K in the preceding week, whose figure was revised up from 462K.

Analysts had expected initial jobless claims to decline to 455K in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Thursday: Visa, Ebay, Apple, Goldman Sachs, Seagate, Xilinx, Eli Lilly, Deutsche Bank, Credit Suisse, Bank Of America, BHP Billiton, British Airways

Posted: 21 Oct 2010 05:25 AM PDT

British Airways (BAY) – Co. has reached an accord with the Unite union, who have agreed to put to its 11,000 cabin crew after the Co. said it would reinstate staff travel perks. (Times)

UK

BHP Billiton (NYSE:BHP) – Saskatchewan Premier Brad Wall says can't risk the future of the province and industry on co.'s commitments alone. Says still do not see how co.'s takeover of Potash is a net benefit to Saskatchewan and says will be announcing final decision today. (RTRS)

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

Manpower Tops Estimates

Posted: 21 Oct 2010 05:06 AM PDT

Manpower Inc. (NYSE:MAN), the global leader in the employment services industry, posted better-than-expected third-quarter 2010 results that topped the Zacks Consensus Estimate on the heels of revenue growth across all geographies due to improvement in the job market for temporary workers.
Manpower indicated that U.S., Germany and U.K. witnessed healthy revenue growth during the quarter. Despite the recent economic downturn and unemployment rate hovering around approximately 10%, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As U.S. Initial Jobless Claims Eyed

Posted: 21 Oct 2010 04:57 AM PDT

Forex Pros – The U.S. dollar was mixed against the other major currencies on Thursday, ahead of the release of official U.S. data on initial jobless claims.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.43% to hit 1.4024. Earlier in the day, preliminary data showed that the euro zone's manufacturing PMI rose unexpectedly in October.

The greenback was also up against the Swiss franc, with USD/CHF gaining 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Minutes Released From BoE Showed No Further Monetary Easing, Record Deficit-Busting Cuts

Posted: 21 Oct 2010 04:45 AM PDT

Fundamental Headlines
• China Yuan Up Late On Lower Central Parity, Weak Dollar – Wall Street Journal
• Geithner Gives Dollar Brief Boost Vs Yen, Euro – Wall Street Journal
• Trichet Opposes Deal On EU Budget Rules – Financial Times
• US Seeks G-20 Cooperation On Currencies, Pushes on Yuan – Bloomberg
• Euro Gains After Manufacturing Gauge Rises; Pound Drops on BOE Easing Bets – Bloomberg
GBPUSD: Given the importance of consumer spending to the economy, the second successive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EBay Surprises, Shares Soar

Posted: 21 Oct 2010 04:36 AM PDT

eBay Inc. (EBAY) reported third quarter earnings that beat the Zacks Consensus by 5 cents or 16.1%. This was much better than the average positive surprise of 7.26% reported in the four preceding quarters. As a result, shares jumped 7.13% in after-hours trading.
 
A few analysts have been raising estimates over the past few days, as it became apparent that the negative foreign exchange impact would not be as severe as initially expected. Business metrics continue to improve overall, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Surges To 4-day High, Breaking Above 1.40

Posted: 21 Oct 2010 04:16 AM PDT

Forex Pros – The euro extended earlier gains against the U.S. dollar on Thursday, surging to a 4-day high, amid increased volatility ahead of the Group of 20 finance ministers’ meeting this weekend.

EUR/USD hit 1.4049 during European early afternoon trade, the pair's highest since October 15; the pair subsequently consolidated at 1.4025, gaining 0.44%.

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

Federal Reserve: Economic Prognosticators Or “Just Winging It”?

Posted: 21 Oct 2010 03:47 AM PDT

All hail the mighty and powerful Federal Reserve!!
Is that right?
Are we all supposed to bow down and prostrate ourselves at the throne of Ben Bernanke and assume he is 'all knowing'? The fact is the Federal Reserve has assumed a mantel of being 'all powerful' but who in our country is willing to challenge the Federal Reserve. Are we supposed to merely turn over the economic fortunes of our nation and our children's future to one individual and one institution without calling them on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Wall Street Banks’ Dirty New Business: Preying On U.S. Homeowners

Posted: 21 Oct 2010 03:45 AM PDT

It turns out that the big Wall Street banks have found a dirty new way to make loads of cash from U.S. homeowners, and they really, really don’t want to talk about it.  So what is this dirty new business?  America’s biggest financial institutions have become property tax collectors, and it is extremely lucrative.  From coast to coast, the big Wall Street banks are buying up thousands upon thousands of tax liens and are making a killing by socking distressed homeowners with predatory … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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