Tuesday, October 5, 2010

DailyMarkets.com - Review Of Starwood Preferred Guest® Credit Card From American Express

DailyMarkets.com - Review Of Starwood Preferred Guest® Credit Card From American Express


Review Of Starwood Preferred Guest® Credit Card From American Express

Posted: 05 Oct 2010 07:50 AM PDT

Before you apply for this card, read this!

If you are someone who loves going from one place to another, flying and staying in hotels, you should consider getting a travel card to get the most out of your spending. The Starwood Preferred Guest® Credit Card from American Express is one of the cards that offers the most travel rewards at the moment. With it you can travel at surprisingly low prices and even get free stays at Starwood hotels and resorts which are found in 95 countries around … [visit site to read more]


Canadian Dollar To Make A Comeback Against The Aussie?

Posted: 05 Oct 2010 07:35 AM PDT

Good day FX friends! Today, I present to you a look at the currency cross, AUDCAD. As you can see from its weekly chart, the pair has been trading very well since it touched a low of 0.8579 back in June this year. Since then, the Australian dollar was able to take the Loonie's number as the pair hit parity (1.0000) and even went on to reach a high of 1.0023 last September 23. Technically, however, the pair's recent uptrend maybe starting to reverse already. For one, it failed to … [visit site to read more]


BXP Acquires Premium Asset

Posted: 05 Oct 2010 07:35 AM PDT

Boston Properties Inc. (NYSE:BXP), a real estate investment trust (REIT), has recently announced its plans to acquire the John Hancock Tower, the tallest building in New England, for approximately $930 million. The company entered into an agreement with an affiliate of Normandy Real Estate Partners and an affiliate of Five Mile Capital Partners for the acquisition of the property.
 
Under the terms of the agreement, Boston Properties would pay approximately $289.5 million in cash and assume … [visit site to read more]


Research In Motion Remains Neutral

Posted: 05 Oct 2010 07:35 AM PDT

Research In Motion Ltd. (NASDAQ:RIMM) delivered more than the Zacks consensus expectations in its second quarter fiscal 2011. The company performs very well with respect to several operating metrics like (1) revenue (2) EPS (3) margins (4) total number of BlackBerry phone shipment. According to our view, the global smartphone market is largely untapped providing a huge opportunity for Research In Motion to sustain its near-term growth. The strong brand value of BlackBerry is expected to keep the … [visit site to read more]


Stocks To Watch On Tuesday: Chevron, Goldman Sachs, BHP Billiton, Potash, Deutsche Bank, GlaxoSmithKline, Sanofi-Aventis, Tesco

Posted: 05 Oct 2010 07:29 AM PDT

Equities finished lower following less than impressive economic data which depressed investor appetite for riskier assets. In terms of equity specific news, American Express (NYSE:AXP) (-6.5%) and other credit card issuers were sued by the US Department of Justice which resulted in AMEX (-6.5%) shares posting substantial losses after the co. refused to settle the case with the DOJ. Elsewhere, Goldman Sachs (NYSE:GS) (-0.77%) downgraded Microsoft (NASDAQ:MSFT) (-1.93%) to neutral, citing co.'s … [visit site to read more]


Assorted Tech Stories

Posted: 05 Oct 2010 07:14 AM PDT

1. Adoption Rate for iPad Fastest Ever. The sales rate for the iPad is blowing past the one million units the iPhone sold in its first quarter and the 350,000 units sold in the first year by the DVD player, the most quickly adopted non-phone electronic product.

2. Panasonic's Hair Washing Robot

3.  Don't Worry, Robots Now Guarding Nukes In … [visit site to read more]


Goldman, Bank Of America, Credit Suisse Bet That The Global Economy Has De-Coupled From The U.S.

Posted: 05 Oct 2010 07:10 AM PDT

While the U.S. economy is struggling to break its slump, growth remains strong in other places around the world – so strong, in fact, that analysts are breaking out a term that’s spend much of the past two years on the shelf: De-coupling.

U.S. gross domestic product (GDP) will meandered along with a meager 1.7% expansion in the second quarter and is expected to grow by less than 2% for the full year.

Meanwhile, Brazil’s GDP is on pace to expand by 7.5%, India’s economy is projected … [visit site to read more]


Computer Sciences Acquires VRL

Posted: 05 Oct 2010 07:05 AM PDT

Virginia-based Computer Sciences Corp. (NYSE:CSC) announced the acquisition of privately owned cyber threat intelligence firm, Vulnerability Research Labs ("VRL"). Financial details of the transaction were not disclosed.
 
Vulnerability Research Labs tracks critical vulnerabilities present in software and hardware products and various malware codes. The company's sophisticated product range helps organizations to assess the level of vulnerabilities, detect threats and mitigate … [visit site to read more]


Earnings Preview – Costco

Posted: 05 Oct 2010 07:05 AM PDT

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, is scheduled to report its fourth-quarter 2010 financial results before the bell on Wednesday, October 6, 2010. The current Zacks Consensus Estimate for the quarter is 95 cents a share.
 
Third-Quarter 2010, a Synopsis
 
On May 27, 2010, Costco reported third-quarter 2010 results. The quarterly earnings of 66 cents a share, remained in line with the Zacks Consensus Estimate, and rose 24.5% from 53 … [visit site to read more]


Burger King Downgraded

Posted: 05 Oct 2010 07:05 AM PDT

Burger King Holdings Inc.'s (NYSE:BKC), the world's second-largest hamburger chain after McDonald’s Corp. (NYSE:MCD) rating has been downgraded to Underperform from Neutral. The rating downgrade is based on the company's acquisition by a private investment firm, 3G Capital, for $24 per share, or $4.0 billion, including the debt of the company.
 
The offer price represented a roughly 46% premium to the share price before the speculation of buyout talks in the market on August 31. Thus, we … [visit site to read more]


Hot Stocks To Know For Tuesday: American Express, Mastercard, Visa, Apple, Chevron, Google, BHP Billiton, ArcelorMittal, Posco, Novartis, Tesco

Posted: 05 Oct 2010 06:51 AM PDT

There was an unauspicious start to Q4 as U.S. stocks fell again Monday, condemning the Dow to its biggest drop in almost a month, as broker downgrades cuts of companies including Microsoft and Macy's triggered risk aversion before the start of the earnings season. Microsoft (NASDAQ:MSFT) slumped 1.9 percent after Goldman Sachs Group (NYSE:GS) removed its "buy" rating on the shares, citing the company's struggle to gain market share in mobile devices, while Macy's fell 1.7 percent … [visit site to read more]


September State Tax Revenues Reflect Recovery

Posted: 05 Oct 2010 06:46 AM PDT

1. Kansas reported Thursday that it collected $3 million more in taxes than anticipated in September. It was the third consecutive month the state met or surpassed its projections. Tax collections since the fiscal year began July 1 were almost $38 million more than anticipated.

2. Massachusetts tax revenues surged in September, increasing more than 14 percent compared to the same month last year.  Revenue Commissioner Navjeet Bal says the state collected more than $2 billion last month, … [visit site to read more]


Tyco Wraps Up Divestiture

Posted: 05 Oct 2010 06:35 AM PDT

Tyco International Ltd. (NYSE:TYC) recently completed the divestment of its European Waterworks business. The business was sold to Triton, a private equity firm, for about $245 million, as per the agreement entered in late July 2010.
 
The $350 million annual revenue generating European Waterworks business engages in design, manufacture and supply of tools for commercial and residential customers. The product brand includes Erhard, Belgicast, Bayard and Atplas. The business operates through … [visit site to read more]


Earnings Scorecard – Family Dollar

Posted: 05 Oct 2010 06:35 AM PDT

Family Dollar Stores Inc. (NYSE:FDO), the operator of the self-service retail discount store chain, posted fourth-quarter 2010 results on September 29, 2010 that outpaced the Zacks Consensus Estimate on the heels of healthy sales witnessed in the Consumables categories.
 
Street analysts had nearly a week to digest the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term … [visit site to read more]


Ventas Acquires Sunrise Portfolio

Posted: 05 Oct 2010 06:05 AM PDT

Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust ("REIT"), has recently acquired full ownership of 58 high-quality senior living communities from Sunrise Senior Living Inc. (NYSE:SRZ), the largest provider of senior living services in the U.S., for $186 million (including $145 million in mortgage debt). Both the companies also decided to modify the management agreements on the entire Sunrise portfolio.
 
Ventas previously had 100% ownership stake in about 21 of the … [visit site to read more]


Novatel Upgraded To Neutral

Posted: 05 Oct 2010 06:05 AM PDT

We upgrade our recommendation to Neutral for Novatel Wireless Inc. (NASDAQ:NVTL), which means the stock will perform mostly in line with the broader market. According to our analysis, proper execution of cost structure and expected launch of 4G (LTE) embedded products are likely to benefit the company's earnings power in future reporting quarters. An extremely strong balance sheet may boost investor's confidence on management to sustain a challenging economic condition. Furthermore, the stock … [visit site to read more]


Emerging Market Infrastructure Set To Drive Demand For Commodities

Posted: 05 Oct 2010 06:01 AM PDT

Every week roughly 1 million people are born in or migrate to cities in emerging markets all over the world. By 2030, the global urban population is expected to grow by 1.6 billion people and account for 60 percent of all people on Earth, according to the United Nations.

With more people to feed, house, transport and keep warm, many emerging market metropolitan areas are buckling under the pressure. A month-long traffic jam near Beijing caught worldwide attention in August. According to … [visit site to read more]


Valuation-Informed Indexing: Why Financial Regulators Cannot Do The Job And How To Fix The Problem

Posted: 05 Oct 2010 05:06 AM PDT

by Rob Bennett
Whenever financial systems crumble, talk turns to regulation. But the biggest problems are beyond the reach of regulators. Former Federal Reserve Chairman Paul Volcker explained why in a recent speech to the Federal Reserve of Chicago. Here are his words:
"It's the hardest thing as a regulator in my opinion…when things are really going well, the economy is going well, the market is not disturbed, but you see developments in an institution or in markets that is potentially … [visit site to read more]


JPMorgan To Aid Jobless Homeowners

Posted: 05 Oct 2010 05:06 AM PDT

JPMorgan Chase & Co. (NYSE:JPM) said on Monday that it will help jobless Michigan homeowners by contributing to the state's Hardest Hit fund, which assists qualified borrowers to pay about half of their mortgage payments for up to 12 months. JPMorgan's customers who are behind on their mortgage payments will be primarily helped by this aid, saving up to $9,000.

Following the setup of all the logistics by the Michigan State Housing Development Authority, JPMorgan will commence the … [visit site to read more]


Euro Remains Overbought Against The U.S. Dollar On The Back Of Moody’s Comments, Greenback Weakness

Posted: 05 Oct 2010 04:44 AM PDT

        

Fundamental Headlines
• Bank of Japan Cuts Key Rate – Wall Street Journal
•EU Urges China to Let Currency Appreciate – Wall Street Journal
• Yen Hit as Tokyo Cuts Rates to Almost Zero – Financial Times
•European Services, Manufacturing Cool as Retail Sales Decline – Bloomberg
• Crude Oil Rises on Port Closures, Speculation of Growth in U.S.– Bloomberg
EURUSD: Retail sales in the 16 member euro area unexpectedly fell in August … [visit site to read more]


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