Tuesday, October 12, 2010

DailyMarkets.com - Review Of Citi® Diamond Preferred® Rewards Credit Card

DailyMarkets.com - Review Of Citi® Diamond Preferred® Rewards Credit Card

Review Of Citi® Diamond Preferred® Rewards Credit Card

Posted: 12 Oct 2010 07:50 AM PDT

Before you apply for this card, read this!

Rewards credit cards let you earn a variety of rewards for using your card, including gift cards, merchandise, cash back and more. The Citi® Diamond Preferred® Rewards Card is a card designed for those who want to enjoy the rewards this card has to offer and those who plan to take advantage of the introductory 0% balance transfers.

Here I will do a thorough review of the Citi® Diamond Preferred® Rewards Card, which is one of Citi’s rewards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Tuesday: Google, Microsoft, Apple, Yahoo, General Electric, UBS

Posted: 12 Oct 2010 07:29 AM PDT

With bond markets and banks closed for the Columbus Day Holiday yesterday Equity markets had their lowest volume day of the year with the S&P future trading in a 2 point range for a majority of the session. We did have a tick lower at when Janet Yellen (new Vice Chair of the Fed) strayed from her usual uber-dovish line made some comments regarding Fed Policy and Risk Assets saying that it was "conceivable that accommodative monetary policy could provide tinder for a build up of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roach: QE Won’t Work

Posted: 12 Oct 2010 07:20 AM PDT

Quantitative easing is not going to work, warns Stephen Roach, non-executive chairman at Morgan Stanley Asia. In this CNBC interview, he tells Chloe Cho why, as well as if capital controls will help or hamper the global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Technical Talk: S&P 500 – Support In 1,130–1,150 Area

Posted: 12 Oct 2010 07:16 AM PDT

The comments below were provided by Kevin Lane of Fusion IQ.
As seen in the chart below, the S&P 500 Index is still above support in the 1,150 to 1,130 zone (green solid and dotted line). It took quite a few attempts to get above the 1,150 level, so we would surmise that pullbacks should hold somewhere in that area. Only below the lower support level near 1,130 would the picture turn more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sept. MN, MI Tax Revenues Higher Than Expected

Posted: 12 Oct 2010 07:16 AM PDT

1. Income tax revenue is coming in higher than expected in Michigan, a sign that more people are working or earning more money. Gov. Jennifer Granholm said Monday that the state general fund is expected to have about $100 million more than state economists estimated in May when the books are closed on the budget year that ended Sept. 30.

2.  Minnesota tax collectors took in $55 million more than expected from July through September.  In the last snapshot of the state budget before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Falls After Testing Resistance. EURJPY And EURCHF Also Pressured

Posted: 12 Oct 2010 07:12 AM PDT

Altera Downgraded To Neutral

Posted: 12 Oct 2010 07:10 AM PDT

We recently downgraded our recommendation on Altera Corporation (NASDAQ:ALTR), a leading supplier of programmable semiconductors and related products. Altera designs, manufactures and markets a broad range of high-performance, high-density programmable logic devices (PLDs) such as field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs).
Altera recently upgraded its guidance for the third quarter of 2010. Altera now expects revenues to grow 10 – 14% sequentially, up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TJX Ups Sept Sales, Boosts Guidance

Posted: 12 Oct 2010 07:10 AM PDT

The TJX Companies Inc. (NYSE:TJX) reported same-store sales of 1% for the five-week period ended October 2, 2010. This indicates continued positive momentum of same-store sales so far in 2010. Sales in the concerned period upped 6% to $2.1 billion from $2.0 billion in the five-week period ended October 3, 2009, driven by an increase in store traffic.
Even though the company witnessed increased traffic, same-store sales in September were somewhat affected by warm and wet weather during the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

George Soros Warns Of Trade Wars And Double Dip

Posted: 12 Oct 2010 07:09 AM PDT

In this interview with Financial Times Chief Economics Commentator Martin Wolf, George Soros has tough words for the Chinese government and financial regulators while warning that reducing the deficit too soon could lead to a double-dip recession.
Click here or on the image below to view the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don Coxe Webcast – Updated (October 8, 2010)

Posted: 12 Oct 2010 07:01 AM PDT

Don Coxe has updated his popular webcast on Friday, October 8, 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

Laugh Out Loud: Economic Mood Swing

Posted: 12 Oct 2010 06:51 AM PDT

Intrade Updates

Posted: 12 Oct 2010 06:43 AM PDT

From Intrade.com:

1. Republicans to control the House of Representatives after 2010 Congressional Elections: 80%

2. The Democrats to control the Senate after 2010 Congressional Elections: 46%

3. Democratic Party candidate (Harry Reid) to win in Nevada: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Shares The Same Stage With Ford

Posted: 12 Oct 2010 06:35 AM PDT

General Motors (MTLQQ) has received the same corporate family rating of Ba2 as by Ford Motor Co. (NYSE:F) from Moody’s Investors Service, the credit rating agency of Moody’s Corporation (NYSE:MCO). The rating agency is optimistic about GM's low cost structure and improved market position.
Moody’s affirmed the outlook on GM as stable, same as for Ford. It has also rated GM’s secured credit facility to Baa3, the lowest investment-grade level.
The rating agency raised Ford’s corporate family rating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Altera Downgraded To Neutral

Posted: 12 Oct 2010 06:35 AM PDT

We recently downgraded our recommendation on Altera Corporation (NASDAQ:ALTR), a leading supplier of programmable semiconductors and related products. Altera designs, manufactures and markets a broad range of high-performance, high-density programmable logic devices (PLDs) such as field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs).
Altera recently upgraded its guidance for the third quarter of 2010. Altera now expects revenues to grow 10 – 14% sequentially, up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon IPhone Expected Soon

Posted: 12 Oct 2010 06:35 AM PDT

The wireless industry is buzzing with rumors that Verizon Wireless will be selling Apple Inc.’s (NASDAQ:AAPL) iPhone by early 2011. Verizon Wireless is a venture between Verizon Communications (NYSE:VZ) and Vodafone Group Plc (NYSE:VOD).
If Verizon starts selling the iPhone, AT&T Inc. (NYSE:T) will lose its exclusive hold on the iPhone, giving Apple an opportunity to expand availability of the product through other mobile service providers. Several industry researchers estimate that Verizon's release … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allot Identifies Mobile Data Growth

Posted: 12 Oct 2010 06:35 AM PDT

Allot Communications Ltd. (NASDAQ:ALLT) has estimated mobile data bandwidth usage growth at 68% during the first half of 2010. It has also identified that video streaming applications make up the vast majority of global mobile bandwidth usage at 35% of total demand for bandwidth. This has been partly due to increasing access to YouTube.

Besides video streaming, P2P and HTTP downloads grew 80% and was 31% of bandwidth usage while VoIP applications grew by 84% during the period.

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

Stock Market News Briefs: AT&T, Avon Products, Best Buy Co., Essex Property Trust, Franklin Resources, Goldman Sachs Group, Johnson Controls, Wal-Mart Stores, Apple, Google, Microsoft Corporation

Posted: 12 Oct 2010 06:35 AM PDT

 Microsoft (NASDAQ:MSFT) took the veil off its new line of smartphones based on its Microsoft 7 operating system on AT&T (NYSE:T) networks. Early reviews were positive

 Wal-Mart (NYSE:WMT) announced plans to start selling Apple (NASDAQ:AAPL) iPads on Friday

 Rumors surfaced that Avon Products (NYSE:AVP) could be acquired by L’Oreal for $44 per share

 FBR maintained a “buy” rating on Best Buy (NYSE:BBY), with a price target of $35

 Johnson Controls (NYSE:JCI) issued its 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 12 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: 12 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: 12 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: 12 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

Johnson Forms JV In South America

Posted: 12 Oct 2010 06:06 AM PDT

Johnson Controls Inc. ( JCI ) has signed an agreement to form a joint venture (JV) with MAC S.A., an automotive battery manufacturer in Yumbo, Colombia. The JV will sell lead-acid batteries in the Central and South American regions.
Johnson Controls' batteries are well known in Latin America. It markets its batteries under Heliar, VARTA, LTH and OPTIMA in the region. However, the JV will help the company to accomplish two strategic objectives of its Power Solutions business.
No doubt, the JV … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: JPMorgan

Posted: 12 Oct 2010 06:06 AM PDT

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its third quarter 2010 results before the market opens on Wednesday, October 13, 2010. The Zacks Consensus Estimate for the quarter is 89 cents per share, representing a growth of about 11% over the year-ago quarter.
 
Seasonal reduction in July and August activities are expected to result in lower trading revenues in the upcoming quarter. Though concerns relating to the near-term impact of the financial reform law and suspension of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEMEX To Buy Assets For $360M

Posted: 12 Oct 2010 06:06 AM PDT

CEMEX, S.A.B. de C.V. (NYSE:CX) announced that it will buy its partner’s interests in the two joint ventures with Ready Mix USA, estimated to be around $360 million. The assets comprise cement, aggregates, ready mix and block assets located in south eastern USA.
 
The deal is part of a put option exercised by Ready Mix USA. Pursuant to the closure of the deal, which is expected to take place in September 2011, CEMEX will also consolidate approximately $17 million in net debt held by one of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foster Wheeler Wins Contract

Posted: 12 Oct 2010 06:06 AM PDT

Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group has won a contract from YPF.S.A. for a delayed coking unit to be built at YPF's Complejo Industrial plant in Argentina. The scope of work includes detailed design & engineering of the plant as well as support services from construction up to start-up phase.
The planned operations will process anode coke to be used in the aluminum industry.
The company's Global Engineering & Construction Group operates worldwide … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thawing Out The South African Economy

Posted: 12 Oct 2010 05:57 AM PDT

By Cees Bruggemans, Chief Economist of FNB.
Like defrosting a fridge after too much ice accumulation has started to interfere with its working, so the economy was for long frozen over and in need of reinvigoration.
Such overly frosty condition we call recession. When accompanied by much earnings collapses, employment losses and asset price declines, it can give rise to trauma and severely intimidated mindsets, especially business-wise, inhibiting expansion and fixed investment decisions.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNOOC Creates Biggest China-U.S. Oil Deal For Market Share In Shale Gas Industry

Posted: 12 Oct 2010 05:50 AM PDT

China’s state-owned energy company China National Offshore Oil Corp. (CNOOC) (NYSE:CEO) late Sunday announced it would invest $2.16 billion in U.S.-based Chesapeake Energy Corp. (NYSE:CHK) to increase China’s stake in unconventional gas resources like shale gas. It is the largest ever China-U.S. oil and gas deal.

CNOOC initially will pay $1.08 billion for a 33% stake in Chesapeake’s Eagle Ford shale acreage in Southern Texas. China’s third-largest oil company will invest an additional $1.08 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Valuation-Informed Indexing #11: What The Word “Overvaluation” Means

Posted: 12 Oct 2010 05:47 AM PDT

by Rob Bennett
The word "overvaluation" trips off the tongue without us stopping to think what it signifies. Stocks were priced at three times fair value (according to the P/E10 metric — the valuation metric used by Yale Professor Robert Shiller and recommended by Benjamin Graham in the 1930s) at the top of the bull. Here is a list of some implications that logically follow:
1) Every stock investor was reading a number at the bottom of the last page of his portfolio statement that was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Monster Employment Index Europe Up By 21%

Posted: 12 Oct 2010 05:42 AM PDT

 
The Monster Employment Index Europe for online job opportunities increased in September to a 21-month high of 117, up by 2 percent from 115 in August, and by 21 percent from the 97 reading in September last year (see chart above).   Worker demand in almost all sectors improved, with hospitality and tourism showing the biggest monthly gains.  Sweden and Germany registered the biggest gains in online job demand, with monthly increases in September of 9 percent and 3.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comcast Expanding Xfinity WiFi

Posted: 12 Oct 2010 05:35 AM PDT

In a major move to counter the competitive threat from other communications service providers, Comcast Corp. (NASDAQ:CMCSA) recently launched its WiFi services called "Xfinity WiFi" on its home turf of Philadelphia, New Jersey, and northern Delaware. Comcast's existing Xfinity Internet subscribers will be able to access all indoor and outdoor WiFi hotspots installed by it without any additional charge. Xfinity WiFi will support download speeds of 6 Mbps – 8 Mbps.
Cable MSOs throughout the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Petrobras Mulling $60B Debt Issue

Posted: 12 Oct 2010 05:35 AM PDT

Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., which recently raised R$120.4 billion ($70 billion) in the biggest global share sale in history, may need to issue an additional $60 billion in bonds over the next few years to fund its massive investment program.
Last month's stock offering not only added about $25 billion in cash to Petrobras’ coffers but also allowed the company to reduce its net debt-to-equity ratio substantially (16% after the offer, down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch For Tuesday: Microsoft, Chesapeake Energy, Deutsche Bank, UBS, Punch Taverns

Posted: 12 Oct 2010 05:33 AM PDT

Irish Banks – S&P sees risk of more bad news from Irish banks, but confident about fiscal consolidation. Says Ireland is likely to be first peripheral European economy to recover and says additional borrowing fiscal stimulus not right path for indebted European countries. (RTRS)

UK

UK

Companies paying Dividend: Capita Group (GBP 0.0660)

Punch Taverns (PUB) – Co.'s FY Ebitda of GBP 421.8mln down -17.9%; pre tax price ex-items if GBP 131mln down -18.2% and basic EPS … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Markets Cautious Ahead Of FOMC Minutes

Posted: 12 Oct 2010 05:12 AM PDT

The US QE debate continues to drive asset prices – specifically Gold up and USD down. While the recent discord has revolved around the size of the Fed's potential stimulus spurred by the disappointing ADP figures, we are hearing more dissenting opinions which are bringing a level of sanity to earlier predictions. The Kansas City Fed President advanced that additional QE would be more negative than positive while the newly elected Fed-Dove Yellen sounded more cautions asserting that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

3 Ways To Profit From The Global Currency Wars

Posted: 12 Oct 2010 04:51 AM PDT

Short of sitting on the sidelines, investors can’t escape the global currency wars – a “race to the bottom” shootout that has countries debasing their currencies to boost overseas sales.

But here’s the only thing you need to know: As the central banks of the world slug it out in the global currency markets, individual investors who understand the currency-war strategy can reap some extraordinary gains.

Let’s take a look.

When Currencies and Stocks Collide

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

Part 1: Can NAV-Based Trading Revolutionize The Active ETF Space?

Posted: 12 Oct 2010 04:00 AM PDT

Over its short history, the Active ETF space in the US has seen its fair share of obstacles. As a result, many have deemed these relatively new products a failure. Others have tempered that view by suggesting that Active ETFs need to be given enough time to gain more traction as investors are educated about their benefits and the active funds develop track records. After all, even passive ETFs took about a decade to gain the widespread acceptance and usage that they enjoy today – Active ETFs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ObamaCare: Is Obama White House Going “Soprano” Again Or Why Are Three Catholic Scranton, PA Hospitals Being Sold?

Posted: 12 Oct 2010 03:23 AM PDT

This story is a tad long but it is chock-filled with a wealth of twists, turns, personalities, politicians, and much more. I strongly recommend.
Politics is clearly a contact sport. No doubt not all of the punches are above the belt.
I first referenced the Obama White House use of intimidation in the case of Tom Lauria, then lawyer for a group of Chrysler creditors. I wrote in early May 2009, Is Barack Obama Going Tony Soprano? How uncanny that the same reference is utilized today in an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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