Friday, October 15, 2010

DailyMarkets.com - Schwab Beats Substantially

DailyMarkets.com - Schwab Beats Substantially

Schwab Beats Substantially

Posted: 15 Oct 2010 09:05 AM PDT

Charles Schwab Corporation's (NASDAQ:SCHW) third quarter earnings came in at 18 cents per share, substantially ahead of the Zacks Consensus Estimate of 9 cents. This also compares favorably with the year-ago quarter's earnings of 17 cents.

Earnings for the reported quarter exclude previously announced charges of $94 million (after-tax) related to money market mutual funds and other expenses. Including these charges, net income for the reported quarter came in at $124 million or 10 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gannett Surpasses, Shares Decline

Posted: 15 Oct 2010 08:25 AM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s largest-selling daily newspaper USA Today, recently posted better-than-expected third-quarter 2010 results, buoyed by effective cost-cutting measures, lower newsprint expense and improved advertising demand. Operating expenses, excluding one-time items, dropped 3.1%.

The quarterly earnings of 52 cents per share surpassed the Zacks Consensus Estimate of 49 cents and soared 21.0% from last year’s 43 cents. On a reported basis, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 15 Oct 2010 08:23 AM PDT

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

Canadian Dollar: Under Pressure

Posted: 15 Oct 2010 08:23 AM PDT

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

Can’t Keep A Good Bull Market Down

Posted: 15 Oct 2010 08:22 AM PDT

Fundamentals
Despite widespread media attention and a near record long position by speculators, the gold market keeps making new all-time highs. Among the biggest factors being cited for Gold's continued rise is the lack of investor confidence in currencies. This is especially true given the rhetoric from various governments trying to "jawbone" down the value of their currencies to help exports. The weakness in the US Dollar is especially supportive for Gold, as the sagging value of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Retail Sales Reach 25-Month High In September

Posted: 15 Oct 2010 07:52 AM PDT

Consistent with the recent trend of many states reporting increasing sales tax revenue for the month of September, the Commerce Department reported today that retail sales increased to $367.7 billion in September, the third straight monthly increases, and the highest level of consumer spending in more than two years – since August of 2008 (see top chart above).  Except for declines in May and June, retail sales have increased in every month over the last year.  

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

Forex Trading: EURUSDs Volatile Moves As The London Close Approaches

Posted: 15 Oct 2010 07:38 AM PDT

ECRI WLI: Has The Growth Rate Bottomed?

Posted: 15 Oct 2010 07:35 AM PDT

*** STOP PRESS *** The smoothed annualized ECRI growth rate has just been announced and increased to -6.9% from an unrevised -7% – an improvement, but still indicating a fragile recovery.
The smoothed annualised growth rate of the ECRI hit a low of -11% at the end of July. The growth rate improved to -7.0% in the week ended October 1.

Sources: Dismal Scientist; Plexus Asset Management.
Based on unchanged initial jobless claims of 445 000 for the current week the smoothed annualised growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Breaks Through 200 Hour MA And Stalls At 38.2% Retracement

Posted: 15 Oct 2010 07:33 AM PDT

The Gathering Storm – A Unique Investment Book

Posted: 15 Oct 2010 07:31 AM PDT

I was hoping to get an article on the valuation of the S&P 500 posted today, but have not quite finished my research yet. Please make sure to visit the Investment Postcards site tomorrow for my take on the outlook for equity returns.
In the meantime, I have just contributed a chapter to a new book, "The Gathering Storm" – a unique perspective on world economics and financial markets. Contributors include the likes of James Ferguson, Albert Edwards, Dylan Grice, Howard Marks, David … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grant Says Quantitative Easing Is Just Money Printing

Posted: 15 Oct 2010 07:28 AM PDT

James Grant, editor of Grant's Interest Rate Observer, and Neal Soss, chief economist at Credit Suisse Holdings USA, talk about the outlook for Federal Reserve monetary policy, the labor market and the dollar. They speak with Tom Keene of Bloomberg … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Du Jour: Russell Says QE2 Is “vomiting Out More Paper”

Posted: 15 Oct 2010 07:26 AM PDT

Readers often ask me about Richard Russell's (Dow Theory Letters) comments on topical issues. I though you might be interested in his take on another round of quantitative easing, as quoted below.
"By the way, it's now a given that the Fed will embark on QE2 (i.e. vomiting out more paper). An indication of neurosis is if someone does the same thing over and over again, but each time expects a different result. That applies to the pathetic actions of the administration, the Treasury and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Falls Below 100 Hour MA Support At 0.9886

Posted: 15 Oct 2010 07:25 AM PDT

The AUDUSD has moved below the 100 hour MA at the 0.9886 level. That level will now be upside resistance for the pair.  Profit taking after moving just above the parity earlier today failed to ignite any additional buying. 
The 200 hour MA becomes the next support for the pair. That level comes in at the 0.9835 level currently (see green line in chart above). A move back above the 0.9886 level would not be welcomed by new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Bullish Outlook, According To Barton Biggs

Posted: 15 Oct 2010 07:22 AM PDT

Barton Biggs, managing partner at Traxis Partners, tells CNBC he expects the S&P 500 to move up another 10 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Comes Under Continued Pressure. Eyes Next Support Levels

Posted: 15 Oct 2010 07:20 AM PDT
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