Wednesday, October 13, 2010

DailyMarkets.com - Something Has Drastically Changed In The Silver Market

DailyMarkets.com

DailyMarkets.com - Something Has Drastically Changed In The Silver Market


Something Has Drastically Changed In The Silver Market

Posted: 13 Oct 2010 11:47 AM PDT

Something has drastically changed in the silver market. The banks that once controlled the price of silver are now closing positions at a loss. The commercial shorts have begun to bleed money – and when blood spills sharks will circle. Hedge funds and traders that never even thought of silver before will begin to squeeze the shorts. If the big banks don't quickly regain control of the silver market they may lose it forever.

Anyone following the futures market for silver knows that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Plains Ups Quarterly Distribution

Posted: 13 Oct 2010 11:05 AM PDT

Master limited partnership (MLP) Plains All American Pipeline L.P. (NYSE:PAA) boosted its cash distribution for the quarter by roughly 0.8% over the previous distribution of $0.9425 paid in August 2010. The partnership will now pay a distribution of $0.950 per limited partner unit, implying a 3.3% rise from last year's distribution.
The partnership said that the distribution will be paid on November 12, 2010 to unit holders of record as of November 2, 2010.
This hike in distribution brings the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


JCI Sees 2011 Profits Up 17%-25%

Posted: 13 Oct 2010 10:35 AM PDT

This article has been unpublished.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


Strong September Sales For Zumiez

Posted: 13 Oct 2010 10:35 AM PDT

Everett, Washington-based Zumiez Inc. (NASDAQ:ZUMZ) reported comparable-store sales growth of 17.0% for September 2010. This compares with a 0.8% decrease in the year-ago period. The growth in comparable-store sales was driven by an increase in transactions, slightly offset by lower dollars per transaction. Total sales for September improved 22.5% to $44.7 million, compared with $36.5 million in the year-earlier period.
By product category, all segments (accessories, men's, footwear, boy's, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chevron Provides Bearish 3Q Outlook

Posted: 13 Oct 2010 10:05 AM PDT

U.S.energy behemoth Chevron Corp. (CVX) released its third-quarter 2010 interim update, covering the first 2 months of the quarter. On the whole, the update is on the bearish side, with earnings expected to be lower than the previous quarter.
The company expects results to be eroded by a drop in crude prices, rising costs associated with the U.S. Gulf of Mexico deepwater-drilling ban and decline in U.S. production.
The San Ramon, California-based integrated major further informed that third … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CAT: New China Logistic Center

Posted: 13 Oct 2010 10:05 AM PDT

Caterpillar Inc. (NYSE:CAT) announced that its wholly-owned subsidiary, Caterpillar Logistics Services Inc. is opening a new 9,000 square-meter Logistics Center in Suzhou, China. The initiative is aimed at strengthening Caterpillar's growing manufacturing presence in China and enhancing supply chain and operational efficiency in its manufacturing operations in that country and the Asia-Pacific region.
The Logistics Center will provide inbound logistics support to Caterpillar's manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Comstock Divests Mississippi Assets

Posted: 13 Oct 2010 09:35 AM PDT

Independent energy company Comstock Resources Inc. (CRK) announced plans to divest its non-core assets in Mississippi. Accordingly, the company signed a deal with a privately held company to sell the oil and gas properties in the region. The sale is expected to generate a net proceed of $75 million in cash for Comstock.
On an average basis, the to-be disposed assets produced 1,138 barrels of oil and 0.9 million cubic feet of natural gas per day in the first half of 2010. Although the closing of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Alcoa

Posted: 13 Oct 2010 09:35 AM PDT

Shares of Alcoa Inc. (NYSE:AA) advanced 8% and reached its April highs after the aluminum major posted higher-than-expected third quarter 2010 results. An optimistic aluminum demand outlook further added to the positive market sentiments.
Third Quarter Review
In the third quarter of 2010, Alcoa reported net earnings of $96 million or 9 cents per share (excluding non-recurring charges of 3 cents), outperforming the Zacks Consensus Estimate of 6 cents and the last year's net income of $39 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Everything: ZestCash Loans

Posted: 13 Oct 2010 09:33 AM PDT

Yesterday, former Google CIO and VP of engineering Douglas Merrill launched an online loan service called “ZestCash,” to “serve the underbanked” and provide an alternative to payday loans.

From the ZestCash website:

“ZestCash offers a fair and transparent alternative for people who need short-term loans but do not have access to traditional credit. We designed ZestCash loans to help people meet their basic life needs without getting themselves into a vicious debt cycle.

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


The Real Issues Behind The Foreclosure Crisis

Posted: 13 Oct 2010 09:32 AM PDT

What is really going on in regard to the moratorium on mortgage foreclosures? A lot. Not all of it would qualify as  the best of "sense on cents". My thoughts include the following: 
1. Can we now declare the HAMP (Making Home Affordable) program to be totally futile? How is it that everybody on Wall Street and in Washington is now promoting that the economy will be harmed if we forestall the mortgage foreclosure process? What the hell have the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ford Sales Up 27% In Asia, Africa

Posted: 13 Oct 2010 09:05 AM PDT

Ford Motor Co. (NYSE:F) has posted a 27% rise in sales to 78,700 units in its Asia Pacific and Africa region, including Australia, China, India, Thailand and South Africa. This was attributable to impressive sales of the newly launched Ford Fiesta in South East Asia and Ford Figo in India.
In China, sales went up 26% to 50,970 units. Meanwhile, sales in India jumped 146% to 8,380 units, led by strong demand for Ford Figo.
In Thailand, Ford's sales more than tripled to 2,049 units, driven by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Good News For Micromet

Posted: 13 Oct 2010 09:05 AM PDT

Micromet Inc.'s (NASDAQ:MITI) pipeline received a boost when the US Food and Drug Administration (FDA) accepted the investigational new drug (IND) application for its candidate MT111 (MEDI-565). MT111 is an antibody generated with the proprietary bispecific T-cell engager (BiTE) antibody platform.
BiTE antibodies direct the body’s cytotoxic (cell-destroying) T cells against cancer cells. The platform represents a novel approach for treating cancers.  The candidate is being developed to treat … [visit site to read more] or compare Best Credit Cards and Best CD Rates


M&A Heats Up With Pfizer’s $3.6 Billion Deal For King Pharmaceuticals

Posted: 13 Oct 2010 08:59 AM PDT

The frenzy of activity in mergers and acquisitions (M&A) continued yesterday (Tuesday), when Pfizer Inc. (NYSE:PFE) agreed to pay $3.6 billion in cash to buy King Pharmaceuticals Inc. (NYSE:KG).

Pfizer, the world’s largest drugmaker, is paying $14.25 per share for King. That’s a premium of 40% to the stock’s Monday closing price of $10.15. As part of the deal, Pfizer will receive such products as Avinza and EpiPen, a pre-filled injection designed to quickly treat serious allergic … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Big Bullish Picture For The US Stock Market

Posted: 13 Oct 2010 08:56 AM PDT

Back in late February 2009 I decided enough was enough, and I stuck my neck out and called for a massive bull market in stocks. I based this prediction purely on Elliott Wave patterns I identified as bottoming and the sentiment gauges were off the charts bearish. We had not seen sentiment that negative since the 2002 lows.  The re-tracement of the SP 500 over the eight odd years was a textbook Elliott Wave pattern, and frankly I think I was the only person who noticed the significance … [visit site to read more] or compare Best Credit Cards and Best CD Rates


HCP Sells Senior Living Properties

Posted: 13 Oct 2010 08:35 AM PDT

HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently entered into an agreement with Assisted Living Concepts Inc. (NYSE:ALC), which operates senior living residences, to sell nine senior living properties for $27.5 million. The transaction is expected to be completed by October 2010.
 
About seven of the senior living properties are located in Texas, while the remaining two are located in New Jersey. The assets are currently leased and operated … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Loews Upgraded To Neutral

Posted: 13 Oct 2010 08:35 AM PDT

We are upgrading our recommendation on the shares of Loews Corp. (NYSE:L) to "Neutral" from "Underperform" in view of our expectations of improved earnings from its CNA Financial segment, going forward.
 
Recently, CNA Financial announced an agreement to transfer its legacy asbestos and pollution liabilities to National Indemnity, a subsidiary of Berkshire Hathaway (BRK.A, BRK.B). This transaction will effectively eliminate CNA’s asbestos and pollution reserve risk, as well as any … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Host Hotels Reports In Line

Posted: 13 Oct 2010 08:15 AM PDT

Host Hotels & Resorts Inc. (NYSE:HST), the largest lodging real estate investment trust (REIT) in the U.S., reported third quarter 2010 FFO (funds from operations) of $75 million or 11 cents per share, compared to $66 million or 11 cents per share in the year-earlier quarter. Fund 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. The third quarter 2010 reported FFO was in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Abercrombie Sustains Momentum

Posted: 13 Oct 2010 08:15 AM PDT

Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported impressive sales results for the five-week period ended October 2, 2010. The company's comparable-store sales for September 2010 jumped 13.0%, following an increase of 6.0% in August and 7.0% in July. 
 
In its brands, Abercrombie delivered comparable-store sales growth of 13.0% in Abercrombie & Fitch, 24.0% in Abercrombie Kids and 9.0% in Hollister.
   

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


Australian Dollar: Under Pressure

Posted: 13 Oct 2010 08:15 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: 13 Oct 2010 08:15 AM PDT

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


Forex Trading: GBPUSD Is Up Then Its Down, Its Down Then Its Up…

Posted: 13 Oct 2010 07:39 AM PDT

It's hot then it's cold.
The GBPUSD rallied earlier, fell in early NY trading to short term intraday support and rallied back higher to the 100 hour MA at 1.5848.  The moves are random and quick suggesting two way flow.   Expect sellers on rallies (with tight stops) and buyers on dips (with tight … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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