Monday, October 25, 2010

DailyMarkets.com - How Many Credit Cards Should I Have?

DailyMarkets.com - How Many Credit Cards Should I Have?

How Many Credit Cards Should I Have?

Posted: 25 Oct 2010 07:44 AM PDT

You may be wondering if you have too many or too few credit cards. Is there a perfect number of credit cards you should have, and how will that number affect your credit score?

The truth is, there is no magical number of credit cards that you should have. What matters most is how you manage them.

To maintain an excellent credit score, you should pay your all credit card bills on time, whether you have 1 or 10 credit cards, since paying on time makes up 35% of your FICO … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sonoco Matches Zacks, Ups Guidance

Posted: 25 Oct 2010 07:30 AM PDT

Sonoco Products Co. (NYSE:SON) reported record third quarter adjusted earnings per share (EPS) of 65 cents, up 30% from 50 cents in the prior-year quarter. EPS was in line with the Zacks Consensus Estimate. The increase in earnings was mainly driven by strong volumes and improved productivity.
 
The adjusted EPS excluded impairment and restructuring charges of 7 cents per share, relating to an asset impairment charge in the Flexible Packaging unit and 1 cent per share of acquisition related … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RRC: Record Production In 3Q

Posted: 25 Oct 2010 07:30 AM PDT

Fort Worth, Texas-based oil and gas company, Range Resources Corporation (NYSE:RRC), announced record-setting, third-quarter 2010 production volume of 503 million cubic equivalent per day (MMcfe/d), up 15% from the comparable quarter last year and 7% from the second quarter.
Out of the total production volume, 77% was natural gas. This is marked as the company's 31st consecutive quarter of sequential production growth.
Moreover, Range's quarterly production crossed 500 MMcfe/d of volumes for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

We Can Expect Higher Stock Prices Into Year-End Unless A Major Crisis Develops Somewhere

Posted: 25 Oct 2010 07:26 AM PDT

While many investors have solid reasons to remain concerned about the broader economic picture, there are some market sectors roaring forward that no one can afford to miss – and they will continue to provide profit opportunities thanks to the work of U.S. Federal Reserve Chairman Ben Bernanke.

Stocks rattled around in 295-point range of the Dow Jones Industrial Average over the past five days like pebbles in a maraca, but ended quietly — a fraction above flat. The big-cap indexes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Existing Home Sales Rise More Than Expected

Posted: 25 Oct 2010 07:10 AM PDT

Forex Pros – U.S. existing home sales rose more-than-expected in September, increasing for the second consecutive month, industry data showed on Monday.

In a report, the National Association of Realtors said that existing home sales rose to a seasonally adjusted 4.53 million units in September, after rising to 4.12 million units in August, whose figure was revised down from 4.13 million units.

Analysts had expected existing home sales to rise to a seasonally adjusted 4.25 million units in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Life Technologies

Posted: 25 Oct 2010 07:05 AM PDT

This article has been unpublished. Walter, need new message.
 
LIFE TECHNOLOGS (LIFE): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Office Depot

Posted: 25 Oct 2010 07:05 AM PDT

Office Depot Inc. (NYSE:ODP), one of the leading suppliers of office products and services, is scheduled to report its third-quarter 2010 financial results before the bell on Wednesday, October 27, 2010. The current Zacks Consensus Estimate for the quarter is a loss of 2 cents a share. For the quarter under review, revenues are $2,962 million, according to the Zacks Consensus Estimate.
Second-Quarter 2010, a Synopsis
Office Depot posted improved second-quarter 2010 results on July 27, 2010. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong 3Q For United Continental

Posted: 25 Oct 2010 07:05 AM PDT

United Continental Holdings Inc. (UAL), the holding company for both United Airlines and Continental Airlines, reported its individual third quarter earnings on October 21, 2010. The combined results will be produced by the company with its fourth quarter results.
 
United Continental Holdings has been newly formed by the merger of Continental Airlines with UAL Corp. on October 1, 2010. The merger has created the world's largest airline, overtaking Delta Airlines (NYSE:DAL), which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Bank Of America, Citigroup, CommScope, Goldman Sachs Group, Home Depot, Lorillard, Inc, Office Depot, Radioshack, Microsoft Corporation

Posted: 25 Oct 2010 07:05 AM PDT

 The Singapore Stock Exchange agreed to purchase its Australia-based peer, ASX, for $8.3 billion

 Carlyle announced plans to buy CommScope (NYSE:CTV) for $31.50 per share

 Lorillard (NYSE:LO) reported third quarter earnings of $1.81 a share, $0.17 higher than estimated, on revenues up 12.6% to $1.1 billion topping Street estimates of $1.0 billion

 RadioShack (NYSE:RSH) posted estimate-topping earnings of $0.37 up from estimates of $.0.35 on inline revenues of $1.05 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Optimistic On Hubbell

Posted: 25 Oct 2010 07:05 AM PDT

Hubbell Inc.'s (HUB.B) third quarter earnings beat the Zacks Consensus by 17 cents, or 16.7%. Strong revenues and margin expansion together contributed to the earnings surprise. Despite softness in key end markets, Hubbell has had a positive surprise history, exceeding the Zacks Consensus by an average of 2.01% in the fur preceding quarters.
Total Revenue
Hubbell's revenues for the quarter came in at $685 million, up 6.0% sequentially, 15.3% year over year and exceeding the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG’s AIA IPO Raises $17.9 Billion

Posted: 25 Oct 2010 07:05 AM PDT

On the back of strong demand and good positioning in the market, the American International Group Inc. (NYSE:AIG) has raised $17.9 billion, as the company vended off the 58.4% stake in its Asian life-insurance unit, American International Assurance Group Ltd. (AIA) by offering 7.03 billion shares priced at HKD19.68 ($2.53) each.
However, if the underwriters exercise the over-allotment option, the IPO size would rise 15% to $20.5 billion. Also, AIG is holding the remaining 41.6% stake that would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The End Of The College Textbook As We Know It?

Posted: 25 Oct 2010 06:53 AM PDT

The unsustainable “higher education bubble” has received some well-deserved attention lately – watch Glenn Reynolds talk about it in detail here. A direct partner in the “higher education bubble” is the unsustainable “college textbook bubble,” captured graphically in the chart above – notice how it totally dwarfs the “real estate bubble.” Since 1980, educational books have risen annually at more than twice the rate of overall inflation, 6.7% vs. 3.3% respectively. “When students pay more for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals Ahead Of U.S. New Home Sales Data

Posted: 25 Oct 2010 06:38 AM PDT

Forex Pros – The U.S. dollar was down against all of the other major currencies on Monday, as sentiment towards the dollar remained weak ahead of the release of key U.S. data on the housing sector.

During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.48% to hit 1.4021. Earlier in the day, official data showed that the euro zone's industrial new orders rose more-than-expected in August.

The greenback was also down against the pound and the Swiss … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Coach

Posted: 25 Oct 2010 06:35 AM PDT

This article has been unpublished. Walter, need new message.
 
COACH INC (COH): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: World’s Largest Gummy

Posted: 25 Oct 2010 06:20 AM PDT

Three pounds and 4,000 calories of gummy goodness for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 25 Oct 2010 06:19 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: 25 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: 25 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: 25 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

Ericsson Matches Estimates

Posted: 25 Oct 2010 06:06 AM PDT

LM Ericsson Telephone Company (NASDAQ:ERIC) reported earnings of 16 cents per share from continuing operations for the third quarter of 2010, matching the Zacks Consensus Estimate.
Revenues in the quarter were up 2% on a year-over-year basis to SEK 47.5 billion ($6.5 billion) but were down 1% sequentially. Comparable sales after adjusting for currency effects decreased 5% compared to the prior-year quarter. Component shortages and supply chain bottlenecks made it difficult to fully meet the demand … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JetBlue Beats, Posts Record Revenue

Posted: 25 Oct 2010 06:05 AM PDT

JetBlue Airways Corporation (NASDAQ:JBLU), one of the discounted airlines, reported its third quarter adjusted earnings of 18 cents per share surpassing the Zacks Consensus Estimate by a penny as well as the year-ago quarter's earnings of 5 cents. The better-than-expected earnings were driven by higher fares, revenue maximization, cost control and network optimization.
Net income quadrupled in the reported quarter to $59 million from $15 million in the year-ago quarter. Total revenue climbed 20.5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crystal Ball Website: If Election Were Held Today

Posted: 25 Oct 2010 05:58 AM PDT

Predictions from University of Virginia Political Science Professor Larry Sabato’s Crystal Ball website, if the election were held today:

1. Republicans would have a net gain of 8-9 Senate seats, short of the 10 they need to control the majority.

2. Republicans would gain 47 House seats, more than the 39 they need to control the majority.

3.  Republicans would gain 8 governorships. Republicans currently hold 24 governorships to 26 held by Democrats, and that would change to 28 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Weakens Toward 1.4000 Support Level

Posted: 25 Oct 2010 05:56 AM PDT

Forex – EUR/USD Trims Gains As U.S. Home Sales Data Eyed

Posted: 25 Oct 2010 05:50 AM PDT

Forex Pros – The euro trimmed gains against the U.S. dollar on Monday, easing off a 6-day high, ahead of the release of key U.S. housing sector data.

EUR/USD retreated from 1.4080, the pair's highest since October 15, to hit 1.4009 during European afternoon trade, gaining 0.39%.

The pair was likely to find support at 1.3857, Friday's low and resistance at 1.4157, the high of October 15 and an 8-month high.

Earlier in the day, the dollar turned lower against the euro after a pledge by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ben Davies: Ex Scientia Pecuniae Libertas/Out Of Knowledge Of Money Comes Freedom

Posted: 25 Oct 2010 05:47 AM PDT

I thoroughly appreciate those involved in the markets who also have an equal appreciation for history, languages, literature, and the arts and sciences. Rare is the individual who is able to intertwine their passions and fluent enough to share them with others.
I thank a loyal reader of Sense on Cents who brings us just such an individual, that being Ben Davies, CEO of London-based Hinde Capital. Davies spoke the other day to the Committee for Monetary Research and Education in New York. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Parity In Sight As Pair Jumps To 6-day High

Posted: 25 Oct 2010 05:37 AM PDT

Forex Pros – The Australian dollar was up against its U.S. counterpart on Monday, re-approaching parity after the pair jumped to a 6-day high.

AUS/USD hit 0.9972 during European afternoon trade, the pair's highest since October 15; the pair subsequently consolidated at 0.9946, jumping 1.19%.

The pair was likely to find support at 0.9757, last Friday's low and resistance at 1.0000, the high of October 15 and a record high.

Earlier in the day, Governor of the Reserve Bank of Australia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TC PipeLines Ups Cash Distribution

Posted: 25 Oct 2010 05:31 AM PDT

Pipeline operator TC PipeLines L.P. (TCLP) raised its third quarter 2010 cash distribution to 75 cents per unit ($3.00 per unit annualized), representing an increase of approximately 2.7%, both sequentially and year over year. The cash distribution is the 46th consecutive quarterly distribution paid by it. TC PipeLines' new distribution is payable on November 12 to unitholders of record as on October 31, 2010.
Calgary, Alberta-based TC PipeLines is a master limited partnership ("MLP"), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JDS Uniphase Downgraded To Neutral

Posted: 25 Oct 2010 05:31 AM PDT

We downgrade our recommendation for JDS Uniphase Corp. (NASDAQ:JDSU) to Neutral on the basis of the current valuation, just ahead of its first quarter of fiscal 2011 financial results. The optical component industry is cyclical in nature and is characterized by price volatility. JDS Uniphase itself declared that the company will suffer 15% decline in average selling price (ASP) in 2010. A weaker-than-expected market recovery may make the situation worse.
Nevertheless, we remain optimistic about the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RadioShack Beats Zacks Estimate

Posted: 25 Oct 2010 05:31 AM PDT

RadioShack Corp. (NYSE:RSH) has declared third quarter 2010 financial results mostly in line with the Zacks Consensus Estimates. Comparable store sales for the company-operated stores and kiosks (stores and kiosks opened at least a year) grew 6.2% year-over-year. This is a key retail performance indicator, measuring growth from existing sales locations.
GAAP net income in the third quarter 2010 was $46 million or 37 cents per share, compared to a net income of $37.4 million or 30 cents per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Snap-On Inc Beats Estimates

Posted: 25 Oct 2010 05:31 AM PDT

Snap-On Inc. (NYSE:SNA) reported earnings from continuing operations of 80 cents per share for the third quarter of 2010, exceeding the Zacks Consensus Estimate of 65 cents. 
Revenues of $653.1 million increased by $71.3 million, or 12.3%, from the corresponding prior-year period. 
Segment Results
Commercial & Industrial Group segment revenues of $261 million in the third quarter increased $42.5 million, or 19.5%, from the year-ago period. This reflected continued growth in all … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marc Faber: “Print, Print And Print”

Posted: 25 Oct 2010 05:10 AM PDT

The paragraphs below are an excerpt from the October edition of Marc Faber's monthly newsletter, The Gloom, Boom and Doom Report (courtesy of The Daily Reckoning).
No matter what central bankers and the cheerleading, mostly useless academics who surround them pronounce in their self-created aura of infinite academic "delicacy and refinement", under the auspices of the Fed they will do precisely one thing: print, print, and print. Sadly, as Mignon McLaughlin observed, "The know-nothings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Monday: Apple, Adobe, Sony, Walt Disney, Nvidia, Amazon, Baidu, Shell, BP, Vodafone, Deutsche Bank

Posted: 25 Oct 2010 05:10 AM PDT

Royal Dutch Shell (RDS-A) (RDS-B) – Co. is estimated to report earnings of USD 4.4bln (GBP 2.8bln) for Q3, up almost 70% on last year. The earnings haul for co. compares to USD 2.6bln (GBP 1.6bln) in Q3 of 2009 and has been driven by its exploration and production arm, much of it from gas revenues. (Sunday Express)

UK

BP (NYSE:BP) – PetroVietnam is considering taking up its right to buy co.'s assets in Vietnam, potentially scuppering a USD 1.8bln deal between co. and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: AMD

Posted: 25 Oct 2010 05:08 AM PDT

Following the handsome earnings posted by Advanced Micro Devices (AMD) in its fiscal third quarter, analysts appear to be more favorably disposed toward the company.
Last Quarter Highlights
The earnings surprise in the last quarter came on the back of gross margin improvement and good expense control, despite falling revenues. Particularly, AMD saw softness in the consumer market—similar to archrival Intel Corporation (NASDAQ:INTC)—and it is likely that AMD also lost some graphics market share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: AMD

Posted: 25 Oct 2010 05:08 AM PDT

Following the handsome earnings posted by Advanced Micro Devices (AMD) in its fiscal third quarter, analysts appear to be more favorably disposed toward the company.
Last Quarter Highlights
The earnings surprise in the last quarter came on the back of gross margin improvement and good expense control, despite falling revenues. Particularly, AMD saw softness in the consumer market—similar to archrival Intel Corporation (NASDAQ:INTC)—and it is likely that AMD also lost some graphics market share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Niall Ferguson: Chinese More Committed To Capitalism Than U.S.

Posted: 25 Oct 2010 05:07 AM PDT

In a panel about getting America back from the depths of economic despair at The Daily Beast's Innovators Summit – Reboot America in New Orleans, Niall Ferguson, historian and Harvard Business School professor, told Sir Harold Evans that "the Chinese are more committed to capitalism than we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don Coxe Webcast – Updated (October 22, 2010)

Posted: 25 Oct 2010 04:56 AM PDT

Don Coxe has updated his popular webcast on Friday, October 22, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro-Zone Recovery Showing Signs Of Holding Up – For Now

Posted: 25 Oct 2010 04:55 AM PDT

        

Fundamental Headlines
• Euro-Zone Industrial Orders Rebound– Wall Street Journal
• Weak Dollar Boosts Oil Prices– Wall Street Journal
• Trade imbalance targets elude G20 – Financial Times
• Gold Gains on Dollar’s Drop; Palladium Soars to Highest Level Since 2001 – Bloomberg
• China G-20 to Avoid `Competitive Devaluation,’ Prod China – Bloomberg
EURUSD: Euro-Zone Industrial Orders for August rose 5.3% beating estimates of 2.2% by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Barry Ritholtz: Don’t Fight The Fed

Posted: 25 Oct 2010 04:45 AM PDT

"You can't be short a market where the Fed is saying 'we'll do whatever it takes to hold up every asset class'," said Barry Ritholtz, CEO of Fusion IQ and author of Bailout Nation in an interview with Yahoo! Finance – Tech Ticker.
Ritholtz wrote on his The Big Picture blog: "This market has had repeated opportunities to roll over, to fall on bad news, to follow other bourses lower, or to take a modest sell-off … and turn it into something more dangerous. In just about every … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Charlie Rose: Face To Face With Robert Reich

Posted: 25 Oct 2010 04:40 AM PDT

In this post, Charlie Rose sits down with Robert Reich, professor of public policy at the University of California, Berkeley, to discuss discusses the U.S. economy and his book "Aftershock: The Next Economy and America's Future". Reich was the secretary of labor under President Clinton from 1993 until 1997.
A link to the transcript of the interview follows at the end of the post.
Click here or on the image below to view the video.

Click here for a transcript of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Week Ahead

Posted: 25 Oct 2010 04:30 AM PDT

The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
US: Blue chips, midterms
Earnings from top companies such as Microsoft, DuPont, Exxon and Merck will be in the spotlight this week, helping close out October on the way toward the upcoming midterm elections.

Europe: Banks, car makers report
Some of Europe's biggest firms are due to report earnings over the coming week, with banks UBS … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Invest No Money, Spend No Money, Lend No Money

Posted: 25 Oct 2010 04:27 AM PDT

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


Our Winners And Losers Keep Changing

Posted: 25 Oct 2010 04:19 AM PDT

By Cees Bruggemans, Chief Economist of FNB.
The Americans and Chinese remain equally adamant about their domestic priorities. In the process the rest of the world gets flooded by yield-seeking liquidity, yet further boosted by Japanese countermeasures.
South Africa, like so many other emerging and commodity producers, keeps encountering large capital inflows.
This global spiff and the deep uncertainties and anxieties it fosters also boosts our precious metal prices and our terms of trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Can Active ETFs Become Disruptive?

Posted: 25 Oct 2010 04:00 AM PDT

Actively-managed ETFs have now been around for more than 2 years with lots of hype and media attention following them. However, in terms in actual numbers, they don't have much to show for. At the end of September, Active ETFs in the US totalled just about $2.2 billion in assets across 7 issuers. That is nothing but a small drop in the $900 billion bucket that is the US ETF market. Hence, recent debate and discussion has centered on what it'll take to get these products off the ground and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Surges To 7-month High As Pound Struggles

Posted: 25 Oct 2010 03:58 AM PDT

Forex Pros – The euro was up against the pound on Monday, surging to a 7-month high, as the pound struggled ahead of the release of quarterly U.K. GDP data on Tuesday.

EUR/GBP hit 0.8942 during European early afternoon trade, the pair's highest since March 31; the pair subsequently consolidated at 0.8917, gaining 0.24%.

The pair was likely to find support at 0.8847, last Friday's low and resistance at 0.8998, the high of March 30.

Earlier Monday, industry data showed that mortgage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits 2-day Low As Focus Swings Back To Fed

Posted: 25 Oct 2010 03:43 AM PDT

Forex Pros – The U.S. dollar was down against the Swiss franc on Monday, falling to a 2-day low after a pledge by G-20 finance ministers to refrain from “competitive devaluation” of currencies triggered broad dollar selling.

USD/CHF hit 0.9664 European morning trade, the pair's lowest since October 21; the pair subsequently consolidated at 0.9697, tumbling 0.73%

The pair was likely to find support at 0.9462, the low of October 14 and an all-time low and resistance at 0.9804, last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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