Wednesday, October 13, 2010

DailyMarkets.com - Stop Overspending On Your Credit Card With This Mindset Change

DailyMarkets.com - Stop Overspending On Your Credit Card With This Mindset Change


Stop Overspending On Your Credit Card With This Mindset Change

Posted: 13 Oct 2010 07:50 AM PDT

When you buy things using your credit card, it’s sometimes easy to lose track of how much money you have spent on it so far for the month, as long as you haven’t reached your credit limit. You may see the latest Apple (NASDAQ:AAPL) gadget (‘I must have that iPad!!’) or that nice pair of shoes, and go weak in the knees. But luckily, you’ve got a credit card! Now, credit cards are really a necessity and huge convenience to have in this day and age, but if you aren’t careful and fall prey to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Stocks To Know For Wednesday: Apple, Intel, JP Morgan, Google, Yahoo, Microsoft, Transocean, Infineon, STMicoelectronics, Barclays

Posted: 13 Oct 2010 07:39 AM PDT

European markets open firmer today and continued to grind higher all morning after minutes from the Federal reserve showed policy makers are prepared to add further QE. Intel (NASDAQ:INTC) also added to the positive tone by reporting Q2 profit of 52c versus expectations for a 50c print. Gross margins came inline for the quarter but guidance was up for Q3. ASML followed suit this morning and rallied 3 percent after saying Q3 profit rose to €268.5m beating broker estimates for €247 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


In JPMorgan We Trust

Posted: 13 Oct 2010 07:35 AM PDT

JPMorgan Chase & Company's (NYSE:JPM) third quarter earnings came in at $1.01 per share, substantially ahead of the Zacks Consensus Estimate of 91 cents. Results also soared from the earnings of 82 cents in the prior-year quarter.
 
The better-than-expected numbers were primarily supported by a slowdown in provision for credit losses, which more than offset a pressure on trading revenues, investment banking revenues and non-interest income. Strong mortgage loan production by Retail … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ross’ September Comps Rise

Posted: 13 Oct 2010 07:35 AM PDT

Ross Stores Inc. (NASDAQ:ROST), the second largest off-price retailer of apparels and home accessories sustained its growth momentum delivering the 8th consecutive quarter of positive comparable-store sales. The company registered a comp sales growth of 2.0% for the five-week period ended October 2, 2010.
 
Regionally, Florida acted as the catalyst for the increase in comparable-store sales. Categories such as dress and home accessories were the top performers. For the month under review, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New Managing Directors For Navigant

Posted: 13 Oct 2010 07:35 AM PDT

Navigant Consulting Inc. (NYSE:NCI) recently announced the joining of Michael Kennelly and Rob Wentland as managing directors in its Disputes & Investigations practice in Chicago. With these recent hirings, Navigant seeks to strengthen its potential in the arena of complex commercial litigation, bankruptcy litigation, tax controversy and financial advisory services.
 
Kennelly had a twenty-five year old leadership career at both international accounting and specialty consulting firms. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ASA Index Holds Steady At 100 For Second Week, First Time Since May 2008

Posted: 13 Oct 2010 07:17 AM PDT

The American Staffing Association Index, a weekly barometer of temporary and contract employment, and a key coincident economic indicator and a leading indicator of total U.S. nonfarm employment, held steady at 100 in the week ending October 3 (see chart above).  According to the ASA:

“During the week of Sept. 27–Oct. 3, 2010, temporary and contract employment remained unchanged (-0.03%), maintaining the ASA Staffing Index at a value of 100. At a current index value of 100, U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nordstrom September Sales Rise

Posted: 13 Oct 2010 07:05 AM PDT

Nordstrom Inc's (NYSE:JWN) same-store sales for September 2010 improved 7.5% compared with September 2009. Total retail sales were $810 million, up 12.5% from $720 million September 2009.
 
The company reported an increase in same-store sales of 9.3% in the year to date. Total retail sales improved 14.1% to $5.83 billion from $5.11 billion for the same period in fiscal 2009.
 
Nordstrom reported a quarter-to-date same-store sales improvement of 7% compared with the same period in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New York Times’ Outlook Disappoints

Posted: 13 Oct 2010 07:05 AM PDT

The ongoing slump in advertising market continues to weigh upon The New York Times Company (NYSE:NYT), the publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other daily newspapers.
 
This prompted the diversified media conglomerate to revisit its third quarter 2010 outlook. The company now expects total revenue to decline between 2% and 3% compared with a growth of 1.2% registered in second quarter 2010, as advertisers still remain hesitant due to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Moves Sharply Higher. No Talk Of Intervention, Just Pent Up Stops

Posted: 13 Oct 2010 06:54 AM PDT

The narrow trading range for the USDCHF today (0.9543 to 0.9586) was broken and the USDCHF exploded higher.  The price moved through the 100 hour MA at the 0.9624 level.  Now corrective moves down will need to hold the 38.2% retracement at the 0.9605 level to keep the bullish interest for the pair in tact.

The next upside resistance comes in at the 200 hour MA at the 0.9660 level (green line in the hourly chart above).  There does not seem to be any intervention…just pent up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bristol-Myers Nets ZymoGenetics

Posted: 13 Oct 2010 06:35 AM PDT

The spate of acquisitions in the pharmaceutical industry continued with pharma giant Bristol-Myers Squibb Co. (NYSE:BMY) completing the purchase of biotechnology firm ZymoGenetics Inc. for $9.75 per share in cash.
The offer price represents a premium of approximately 84% over ZymoGenetics' closing price of $5.30 on Sept. 7, 2010, the date of announcement of the merger. Bristol-Myers aims to bolster its pipeline, especially for hepatitis C, through this acquisition. At the time of announcing the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


MGM Resorts Previews 3Q

Posted: 13 Oct 2010 06:35 AM PDT

Las Vegas-based MGM Resorts International (NYSE:MGM) announced preliminary results for third quarter 2010 on Tuesday. The company is slated to report its third quarter figures on November 5.
 
On a reported basis, the company expects third quarter diluted loss per share of approximately 72 cents compared with a loss of $1.70 per share in the prior-year period. Net revenue is expected to be $1.56 billion. Excluding reimbursed costs revenue mainly related to the company’s management of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cerner And SearchAmerica Ink Deal

Posted: 13 Oct 2010 06:35 AM PDT

Cerner Corp. (NASDAQ:CERN), a leader in providing licensed solutions to optimize processes in the healthcare industry, recently entered into a reseller agreement with SearchAmerica (with a mission in the area of financial clearing of patients), a segment of Experian. Under the terms of the agreement, SearchAmerica’s platform of financial services will be integrated with Cerner’s revenue cycle management products, a part of the Cerner Millennium platform. According to a spokesperson, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: ChevronTexaco, CSX, Host Marriott Financial Trust, Verizon Communications, ASML Holding N.V., Intel Corporation

Posted: 13 Oct 2010 06:35 AM PDT

 Last night’s interims included a 2-cent beat from Intel (NASDAQ:INTC), as earnings for the third quarter came in at $0.52, on revenues of $11.1 billion, up 18.2% YoY, and up from Street estimates of $11 billion

 Railroad operator CSX (NYSE:CSX) posted third quarter earnings of $1.08 a share, $0.03 higher than Street estimates, on revenues of $2.7 billion, inline with estimates and 16.5% above year-earlier results

 Chevron (NYSE:CVX) warned its third quarter earnings are likely to fall … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD In Non-Trending Phase. Watch Chart Extremes. Be Aware

Posted: 13 Oct 2010 06:31 AM PDT

The move higher on the back of the ECB Axel Weber comments yesterday (stop bond purchases now), has seemed to find its limits.  Although the comments were certainly bullish, they might not be shared by the full EU membership.  For example, France today is balking at the calls for sanctions against the debtor countries. 
The  EURUSD has moved lower in NY trade, and with the selling above against the high from Monday at 1.4011/high from last week at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Breaks Below 200 Bar MA On 5 Minute

Posted: 13 Oct 2010 06:19 AM PDT

Swiss Franc: Under Pressure

Posted: 13 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: 13 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: 13 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: 13 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


Speculators Ignore Intervention As The Yen Keeps Rallying!

Posted: 13 Oct 2010 06:17 AM PDT

Fundamentals
Not even FX intervention by the Bank of Japan (BOJ) last month could ultimately stop the strength in the Yen, as the Japanese currency's value vs. the U.S. Dollar has surpassed the levels that triggered the intervention last month. Although Japanese government officials continue to try to talk the Yen lower, many traders sense that unilateral intervention by the BOJ will ultimately be unsuccessful in the long run, and it may take a concerted effort by several of the major central … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Intel Beats, Investors Unmoved

Posted: 13 Oct 2010 06:05 AM PDT

Intel Corp. (NASDAQ:INTC) gave another stellar performance in its third quarter, beating the Zacks Consensus Estimate by 2 cents. The improvement was the result of stronger-than-expected revenues, which came in just short of the original guidance and in the middle of the revised guidance range. Investor response, however, was lukewarm, and shares climbed a mere 0.76% in after-hours in response to the news.
 
Revenue
 
Intel's double-digit growth trajectory continued for the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Lifts Offshore Drilling Ban

Posted: 13 Oct 2010 06:05 AM PDT

The federal government has decided to lift its deepwater drilling moratorium in the Gulf of Mexico (“GoM”), weeks ahead of its scheduled late-November expiration. The Interior Department, which oversees offshore drilling, stressed that the newly issued technological and safety reforms for offshore drillers – that is expected to cut the risk of another disastrous blowout and oil spill – was the main reason for the early termination of the freeze.
As a reminder, on April 20, offshore driller … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Linear Tech Beats Estimates

Posted: 13 Oct 2010 06:05 AM PDT

Linear Technology Corp. (NASDAQ:LLTC) reported first quarter 2011 diluted earnings of 67 cents per share (according to Non-GAAP figure provided by the company) beating Zacks Consensus estimate of 61 cents per share and also increasing 97.1% from year-ago quarter.
Linear Tech's focus on traditional analog end-markets, which comprises of the industrial, automotive and communications, proved advantageous for achieving the results.

Quarter in Detail
 
Linear Tech achieved record quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Barney Frank, Then And Now, CD Edition

Posted: 13 Oct 2010 06:01 AM PDT

Greg Mankiw has a great post about Barney Frank’s changing views over time on affordable housing and the role of the GSEs.

Frank’s current position was summarized during a radio debate this week when Republican challenger Sean Bielat claimed that “Frank contributed to the downfall and subsequent recession by supporting lenient lending standards for prospective home buyers.  He has long been an advocate for extending homeownership, even to those who couldn't afford it, regardless of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch For Wednesday: Apple, Intel, Hewlett-Packard, Starbucks, CSX

Posted: 13 Oct 2010 05:58 AM PDT

Kazakhmys – Co. is currently thinking on disposal of or partnership for petroleum operations. (Independent)

UK

Standard Chartered – Co. has announced 1 for 8 rights offer to raise GBP 3.3bln, which will enable it to seize opportunities. Co. also states that their Q3 income is above H1 run rate, also they say their business performance in Q3 was very strong. Their loan impairment continues to improve. (FT/Sources)

Fresnillo – Co. says Q3 total Gold production up 44.4%, Q3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Joy Global: Maintain Outperform

Posted: 13 Oct 2010 05:35 AM PDT

We recently reiterated our Outperform recommendation on mining equipment manufacturer, Joy Global Inc. (NASDAQ:JOYG).
Joy Global's primary business comprises manufacturing surface and underground mining equipment for extraction of coal, copper, iron ore, oil sands, gold and other mineral resources. The company also offers a wide range of value-added aftermarket services aimed at enhancing reliability and optimizing the work-life of machinery.
Joy Global's operations extend to about 20 countries, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests Intraday Support At 38.2% Fibo. Stay Above And Bullish

Posted: 13 Oct 2010 05:34 AM PDT

GBPUSD tests intraday support at 38.2% Fibo at the 1.5835 level.  If the market can stay above this level then the bias remains bullish for the pair. Good resistance above against the 100 hour MA at the 1.5882 level and 1.5891.  A move below the 1.5835 level would need to get below the 1.5821 level which was the low from last Friday's US Unemployment day.
The GBPUSD has been supported today off the weaker dollar.  Earlier the Unemployment rate declined to 7.7% from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Watchlist For Wednesday: Sonic Solutions, Finisar, Dillard’s, Coinstar

Posted: 13 Oct 2010 05:25 AM PDT

These are some stocks I like heading into Wednesday. All of these are heavily shorted and could run from here if the market reacts positively to JPMorgan (NYSE:JPM) earnings which are coming out in pre market Wednesday.

Sonic Solutions (NASDAQ:SNIC)

Finisar (NASDAQ:FNSR)

Dillard’s (NYSE:DDS)

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


Holding Crumbling Cuba Together With Crazy Glue

Posted: 13 Oct 2010 05:24 AM PDT

Cuban blogger Yoani Sanchez writes about a precious and highly valued commodity in Cuba, which is frequently hard to find – Crazy Glue:

“Surrounded by my list of broken things, I start to wander if there will be statistics on how much crazy glue is used each year on this Island. I sense that there is a relationship between the need to repair our belongings and the seriousness of the country's economic crisis. If not, why is the whole world running after an adhesive that is advertised as able … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Jobless Claims Rises More Than Expected, GBPUSD Advance Unlikely To Hold

Posted: 13 Oct 2010 05:20 AM PDT

    
Fundamental Headlines
• Dollar Slips After Fed Minutes – Wall Street Journal
•Asia Rises on Japan, China Data – Wall Street Journal
• Fed Tilts To More Monetary Easing – Financial Times
•U.K. Jobless Benefit Claims Rise By the Most In Eight Months – Bloomberg
• U.K. Consumer Confidence Falls To An 18-Month Low As Cuts Loom – Bloomberg
GBPUSD: Jobless claims in Great Britain rose more than economist's expectations in September as figures advanced 5.3K … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Looking Back To Look Forward: “What Will Happen To The American Dream?”

Posted: 13 Oct 2010 05:07 AM PDT

How many of you reading this feel as if life is becoming a blur given the ongoing and unending avalanche of troubling economic news? I sense this reality becoming more and more prevalent throughout our society. I also sense that people lose track of both time and developments. Keeping a sense of balance and perspective during these challenging times is critically important. To this end, I want to go back one year and review what I wrote then in the hope it will bring these badly needed virtues … [visit site to read more] or compare Best Credit Cards and Best CD Rates


3 Ways To Play The Silver Rally – While Limiting Your Risks With Options

Posted: 13 Oct 2010 05:01 AM PDT

With the global economy struggling to sustain even a modest recovery, the U.S. Federal Reserve pledging further quantitative easing if needed, and the dollar and several other leading currencies showing unrelenting weakness, there have been plenty of reasons for precious metals to rally of late – and gold and silver have done just that.

Gold has set a series of all-time record highs over the past five weeks, topping $1,350 an ounce for the first time ever as the dollar slipped to its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Duke Energy Rides On Wind

Posted: 13 Oct 2010 04:35 AM PDT

Duke Energy Corporation(NYSE:DUK) completed the construction of its fourth wind farm in Wyoming. The 200-megawatt (MW) wind farm titled Top of the World, located in ConverseCountywill supply wind energy to PacifiCorp under the terms of a 20-year power purchase agreement. The 110 wind turbines that comprise the Top of the World project are capable of producing enough electricity to power approximately 60,000 homes.
 
Portland, Oregonbased PacifiCorp is a leading utility, serving approximately … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Part 2: Can NAV-Based Trading Revolutionize The Active ETF Space?

Posted: 13 Oct 2010 04:00 AM PDT

In Part 1 of this series, we looked at the good and the bad of actively-managed ETFs – the core benefits that make them superior to active mutual funds but also the two main fundamental problems that have caused some reluctance on the part of investors and providers to adopt the structure.
In this second piece, we look at what NAV-based trading is and how it may be able to address the existing issues with actively-managed ETFs and make them a more effective investment vehicle. ActiveETFs | … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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