Tuesday, October 26, 2010

DailyMarkets.com - Is The Discover More Card Black Really One Of The Best Cash Back Cards In The US?

DailyMarkets.com - Is The Discover More Card Black Really One Of The Best Cash Back Cards In The US?


Is The Discover More Card Black Really One Of The Best Cash Back Cards In The US?

Posted: 26 Oct 2010 07:44 AM PDT

A reward credit card gives you rewards when you spend on the card, and the most popular type of reward card is the cash back credit card in which you get back a certain percentage of the money you spend in the form of a rebate. The Discover More Card – Black is one of the more popular cash back credit cards in the US, and differs only very slightly from the flagship Discover More Card – Discover’s (NYSE:DFS) most popular credit card.

Here we do a review of the Discover More Card- Black, one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Stocks To Know For Tuesday: Apple, Adobe, Disney, Goldman Sachs, Citigroup, Sony, Electronic Arts, Netflix

Posted: 26 Oct 2010 07:15 AM PDT

U.S. stocks rose Monday, sending the S&P 500 Index to a 4th straight gain, after the Group of 20 nations pledged to avoid "competitive devaluations" of currencies and investors bet the Federal Reserve will announce further bond purchases next week. Stocks wise DuPont, Kraft Foods and Walt Disney all climbed more than 1.4 percent to lead gains amongst the largest U.S. companies. And Citigroup rallied 2.4 percent after Goldman Sachs added the shares to its "conviction buy" … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lorillard Beats Estimates

Posted: 26 Oct 2010 07:05 AM PDT

Lorillard Inc. (NYSE:LO), the third largest manufacturer of cigarettes in the United States, posted robust third quarter earnings of $1.81 per share, up 25.7% compared with $1.44 per share in the year-ago period. Earnings were well above the Zacks Consensus Estimate of $1.64. The robust increase in earnings was primarily driven by the benefit from Lorillard's share repurchase program which was accretive by 9.7%.
Quarterly Details
On a year-ago basis, net sales for the quarter (including excise) … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Plum Creek Beats Estimates

Posted: 26 Oct 2010 07:05 AM PDT

Plum Creek Timber Co. Inc. (NYSE:PCL),  a real estate investment trust (REIT) that owns one of the largest private timberlands in the U.S., reported fiscal 2010 third quarter earnings of $32 million or 20 cents per share, compared with $19 million or 12 cents in the year-earlier quarter. The earnings exceeded the Zacks Consensus Estimate by 8 cents.
 
During third quarter 2010, Plum Creek reported revenues of $259 million vis-à-vis $294 million in the year-ago quarter. Total quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Biogen Beats By A Wide Margin

Posted: 26 Oct 2010 07:05 AM PDT

Biogen Idec Inc. (NASDAQ:BIIB) reported third-quarter earnings per share of $1.33, well above the Zacks Consensus Estimate of $1.20 and the year-earlier figure of $1.09. Excluding the impact of stock-based compensation expense, third quarter 2010 earnings came in at $1.35 per share.
Performance was boosted by higher revenues and lower share count. Revenues increased 5% to $1.18 billion, with Tysabri and Rituxan being the primary growth drivers. Revenues were slightly above the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Moves Higher With The Dollar And Lower Oil

Posted: 26 Oct 2010 06:39 AM PDT

TXN Reports Solid EPS, Weak Orders

Posted: 26 Oct 2010 06:30 AM PDT

Texas Instruments Inc. (NYSE:TXN) reported third quarter earnings that were up 12.1% sequentially and 69.4% year over year, beating the Zacks Consensus Estimate by 3 cents. The strong earnings growth was driven by healthy revenues, a better mix of business, cost control and good execution.
Despite the positive surprise, Texas Instruments’ shares dropped 1.28% in after-hours trading on continued concerns regarding the slowing of demand, as evident from the first bookings decline in 7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Arcelor Mittal, CIT Group Inc (DEL), E.I. Du Pont De Nemours And Company, Ford Motor Credit Company, Johnson Controls, Unisys Corporation

Posted: 26 Oct 2010 06:30 AM PDT

 CIT Group (NYSE:CIT) reported Q3 earnings of $0.66 per share, beating estimates of $0.49, and revised its Q1 and Q2 earnings higher after adopting FSA accounting standards. Revenues in the quarter rose 17% year-over-year to $7.0 billion, and were above estimates of $6.76 billion

 Unisys (NYSE:UIS) reported third-quarter earnings of $0.65 per share, well below estimates of $0.86. Revenues in the quarter fell 13% to $960.6 million, and were below estimates of $1.04 billion

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


Swiss Franc: Under Pressure

Posted: 26 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: 26 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: 26 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: 26 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


All Eyes On Brazil

Posted: 26 Oct 2010 06:17 AM PDT

Fundamentals
Sugar futures continue to hold near the 28.50 level, as skepticism builds among traders regarding whether the 2010-2011 surpluses will meet current estimates. After two years of deficits, the global supply of the sweetener has been stretched extremely thin. The deficits have also caused both end-users and speculators to become extremely reactionary and plan for the worst. The estimated surplus has already been cut numerous times due to inclement weather conditions in Brazil, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AMB Property’s New Industry Report

Posted: 26 Oct 2010 06:05 AM PDT

AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently unveiled a new research report on the outlook for the industrial real estate market in the U.S. The in-depth study integrated customer-provided insights with key macroeconomic variables to measure and forecast business activity and industrial real estate demand, and concluded that improving economic conditions will eventually fuel a recovery in industrial real estate and consequently raise rents to more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


HCP Leases To Emeritus Corp.

Posted: 26 Oct 2010 06:05 AM PDT

HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently signed two agreements with Emeritus Corp. (ESC ) , which operates senior assisted living facilities, to lease 27 senior living properties for an undisclosed amount.
The leased properties spanning 13 states include 3,239 units, comprising 2,021 assisted living facilities, 631 memory care, 450 skilled nursing and 137 independent living units. The properties will be initially leased for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wyndham Beats On EPS, Ups Guidance

Posted: 26 Oct 2010 06:05 AM PDT

Wyndham Worldwide Corporation's (NYSE:WYN) third quarter 2010 adjusted earnings of 68 cents per share came well ahead of both the Zacks Consensus Estimate of 63 cents and the company's guidance of 60 to 64 cents. In the year-earlier quarter, the company had earned 58 cents per share.
The increase was largely driven by strong operational performance by the Vacation Ownership business, higher revenue per available room (RevPAR) in the Lodging business and a lower effective tax rate. On a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Host Hotels

Posted: 26 Oct 2010 06:05 AM PDT

Host Hotels & Resorts Inc. (HST), the largest lodging real estate investment trust (REIT) in the U.S., reported third quarter fiscal 2010 FFO (funds from operations) of 11 cents per share that was in line with the Zacks Consensus Estimate. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.

We cover below the results of the recent earnings announcement, subsequent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


UBS AG Profits, Reports Inflow

Posted: 26 Oct 2010 06:05 AM PDT

UBS AG (NYSE:UBS) has posted a profit in the third quarter of 2010 and has reported positive client money flows after reporting outflows for the past several quarters. The company reported a net profit of CHF 1.7 billion ($1.7 billion) compared with CHF 2.0 billion in the prior quarter and a loss of CHF 0.6 billion in the year-ago quarter.
Operating income was CHF 6.7 billion compared with CHF 9.2 billion in the prior quarter and CHF 5.8 billion in the year-ago quarter. However, the results … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Want To Lose Weight? Pay With Cash, Not Credit

Posted: 26 Oct 2010 06:05 AM PDT

From the introduction of a research article in the Journal of Consumer Research “How Credit Card Payments Increase Unhealthy Food Purchases: Visceral Regulation of Vice”:

“The pain of paying in cash can curb impulsive urges to purchase such unhealthy food products. Credit card payments, in contrast, are relatively painless and weaken impulse control. Consequently, consumers are more likely to buy unhealthy food products when they pay by credit card than when they pay in cash. Results from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Falls To New Lows In Slow Move Down

Posted: 26 Oct 2010 05:53 AM PDT

Valuation-Informed Indexing #13:Volatility Is Optional

Posted: 26 Oct 2010 05:44 AM PDT

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


Omnicom Launches New Company

Posted: 26 Oct 2010 05:36 AM PDT

The media services unit of Omnicom Group Inc. (NYSE:OMC), Omnicom Media Group, incorporated a new company with $2.0 billion named "Annalect Group" to align and leverage consumer and media data efficiently and to catch up on additional clients.
Omnicom has improved coordination between the diverse advertising and marketing strategies of its global customers, which should augment cross-selling opportunities across its businesses.
Typically, Omnicom's strategy revolves around acquiring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Tuesday: Texas Instruments, Amgen, Staples, BP, Shell, HSBC, ArcelorMittal

Posted: 26 Oct 2010 05:29 AM PDT

UK banks – BOE's King says Basel III positive step, but need to do more as Basel III capital insufficient to avoid future crisis. King says there is a sound case for levy directed at short-term borrowing. Mervyn King has thrown his weight behind breaking up the banks as part of wider reforms to protect the taxpayer from another financial industry meltdown. (Sources/Telegraph) However, BOE's Tucker said that with credit conditions "still too tight", banks would not be pushed to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Be Angry About Wall Street’s Record Bonuses: Its Profitability Isn’t As Harmless As It Seems

Posted: 26 Oct 2010 05:15 AM PDT

Wall Street firms may not be reaping the record-breaking revenues of 2004-2007, but they’re paying themselves the lofty bonuses of that lavish era – and they’re doing it at our expense and with the government’s blessing.

Wall Street’s pay packages, including bonuses, are set to total 4% more in 2010 than in the already record year of 2009, The Wall Street Journal recently reported.

I yield to nobody in respect for the investment banking business – having served as an investment … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BHP Billiton Outperforms

Posted: 26 Oct 2010 05:07 AM PDT

We upgrade our recommendation on BHP Billiton Ltd. (NYSE:BHP) from Neutral to Outperform on increased production in the first quarter of fiscal 2011.
BHP Billiton reported higher production with a 6% year-over-year increase in its iron ore production and growth of 3%, 3% and 10% in its oil and natural gas, copper, and coking coal production, respectively. During the quarter, expenditure on minerals exploration and petroleum exploration was $129 million and $74 million, respectively. BHP Billiton … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NuStar Trumps Expectations

Posted: 26 Oct 2010 05:00 AM PDT

NuStar Energy L.P. (NS) – a master limited partnership ("MLP") – announced significantly better-than-expected third quarter results, driven by robust throughputs on its crude, refined products and ammonia pipelines, together with improved asphalt margins in its Asphalt and Fuels Marketing segment.
The partnership reported earnings per unit (EPU) of 90 cents, comfortably ahead of the Zacks Consensus Estimate of 76 cents. Revenue of $1,138 million also surpassed our expectation of $1,088 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Microsoft Betting That Windows Phone 7 Will Give It Another Sales Boost

Posted: 26 Oct 2010 04:55 AM PDT

Microsoft Corp. (NASDAQ:MSFT) has unveiled a lineup of smartphones that use its revamped Windows Phone 7 mobile-operating system in its boldest move yet to return to prominence in the mobile business.

The new operating system, which it spent two years developing, is the software giant’s latest assault on the crowded smartphone market, where it has struggled to gain a foothold.

Microsoft’s earlier mobile software was based on the design and interface of Windows desktop operating system. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. GDP Tops Expectations In The 3rd Quarter, GBPUSD Extends Advance

Posted: 26 Oct 2010 04:45 AM PDT

Fundamental Headlines
• U.K. GDP Data Beat Expectations – Wall Street Journal
• Asian Markets Decline – Wall Street Journal
• Stable Dollar Leaves Bourses Trendless – Financial Times
• U.K. GDP Rises Twice As Much As Forecast on Stimulus – Bloomberg
• Weber Says He Won't Change His Strips to Become ECB President – Bloomberg
GBPUSD: Economic activity in the U.K. soared 0.8 percent in the third quarter after climbing 1.2 percent the quarter prior amid economists' expectations … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Moves To Restructure Asia’s Stock Exchange Model With Australia Merger

Posted: 26 Oct 2010 04:42 AM PDT

Singapore Exchange Ltd. (SGX) announced yesterday (Monday) it agreed to buy Australia’s main stock exchange, ASX Ltd., for $8.3 billion. The deal came about because both countries seek strength against growing Asian market competition, and Singapore strives to be a more sophisticated global financial center.

In a cash and stock deal, Singapore’s stock market operator is offering A$48 (U.S. $47.11) for each ASX share, consisting of A$22 in cash and 3.743 SGX shares per ASX share. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cambria Global Tactical ETF (GTAA) Opens Doors To Investors

Posted: 26 Oct 2010 04:00 AM PDT

AdvisorShares launches the Cambria Global Tactical ETF (GTAA: 0.00 N/A) today, trading under the ticker name GTAA on the NYSE. This is AdvisorShares' fourth actively-managed ETF product launch with its most successful being the recently launched Mars Hill Global Relative Value ETF (GRV: 24.55 0.00%) – a long/short fund that has garnered more than $40 million in assets in quick time.
Fund Mandate/Strategy
AdvisorShares filed for the Cambria Global Tactical ETF back in June of this year. GTAA … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Plunges To 3-day Low After U.K. GDP Surges In Q3

Posted: 26 Oct 2010 03:45 AM PDT

Forex Pros – The euro was down against the pound on Tuesday, tumbling to a 3-day low after official data showed that U.K. GDP rose significantly more-than-expected in the third quarter.

EUR/GBP hit 0.8777 during European late morning trade, the pair's lowest since October 21; the pair subsequently consolidated at 0.8786, plunging 1.08%.

The pair was likely to find support at 0.8736, the low of October 20 and resistance at 0.8941, Monday's high and a 7-month high.

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


Forex – USD/CHF Edges Higher As Dollar Sentiment Consolidates

Posted: 26 Oct 2010 03:27 AM PDT

Forex Pros – The U.S. dollar edged higher against the Swiss franc on Tuesday as sentiment on the dollar consolidated after remarks by the president of the New York Federal Reserve.

USD/CHF hit 0.9746 during European morning trade, a daily high; the pair subsequently consolidated at 0.9716, gaining 0.05%.

The pair was likely to find support at 0.9541, the low of October 18 and resistance at 0.9804, the high of October 22.

Earlier in the day, data from Swiss lender UBS showed that Swiss … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Calendar-Based Market Timing

Posted: 25 Oct 2010 10:44 AM PDT

For years I thought the key to investment success was good stock picking; find the right stocks and you’re going to see your portfolio grow. Doesn’t “you-know-who” continually say there’s always a “bull market somewhere” and all you need to do is find it?
Actually, I, along many others, stopped drinking that cool-aide in 2003 after seeing retirement and savings investments shrink by about 40%. That’s when I embraced another belief system. One based on the belief that the key to outstanding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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