DailyMarkets.com - Up Your Chances Of Winning $1 Million With Discover Card By Eating Out!

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• Up Your Chances Of Winning $1 Million With Discover Card By Eating Out!
• Stronger Yuan Will NOT Bring Jobs Back To The U.S.
• Earnings Preview: Yum!
• EIA Reports Bearish Gas Injection
• Tracking Performance Of Base Metals
• Stock Market News Briefs: Bank Of America, Caterpillar, ConocoPhillips, Goldman Sachs Group, Hewlett-Packard Company, Limited Brands, Marsh & McLennan Companies, Morgan Stanley, Norfolk Souther, SAP Aktiengesellschaft Systeme, Anwendungen, Produ, Union Pacific, Wells Fargo & Company, Netflix, Oracle Corporation
• CRA International Mixed 3Q Results
• Regis Downgraded To Underperform
• Great September For Stocks! (Now What?)
• Real Consumer Spending Increases In August To 27-Month High, Almost Back To Pre-Recession Level
• Medtronic Studies DEB Therapy
• Accenture Beats Comfortably
• Stocks To Watch For Friday: Hewlett-Packard, BP, HSBC, Repsol
• Swiss Franc: Under Pressure
• Australian Dollar: Under Pressure
• Canadian Dollar: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• Euro Continues To Rally Despite Sovereign Debt Concerns
• Neutral On Tech Data
• Northrop Enters IT Deal
• TARP Expires, Repayment In Limbo
• Hot Stocks To Know For Friday: Citigroup, Microsoft, Hewlett-Packard, ExxonMobil, Metlife, Novartis, Sanofi-Aventis, Allied Irish Banks, Repsol, Total
• Controversial China Tariff Bill – The Stupidest Thing The US Could Do Right Now
• Eurozone Unemployment Rate Remains At The Highest Level Since June 2008
• Weak U.S. Regional Banks Could Be Attractive Targets For Canadian Banks
• Major Moves Sep: Promising Launches, Stagnating Assets

Up Your Chances Of Winning $1 Million With Discover Card By Eating Out! Posted: 01 Oct 2010 07:50 AM PDT With Discover Card conducting a lucky draw every day until the end of the year, many people want to have more chances of winning some sort of prize, be it the daily prizes or the final Grand Prize of $1 million. The way to have more chances of winning is by using your Discover Card. Each time you use your card, you are automatically entered into the draw. Each Discover cardholder is able to enter into the draw an unlimited number of times, so the more you use your card, the more chances you … [visit site to read more]

Stronger Yuan Will NOT Bring Jobs Back To The U.S. Posted: 01 Oct 2010 07:38 AM PDT Nancy Pelosi claims that “1 millions U.S. jobs could be created if the Chinese government took its thumb off the scale and allowed its currency to respond to market forces.”  In the NPR “Planet Money” report, Adam Davidson is pretty skeptical about Pelosi’s claim, based on the following example: Some American manufacturers that use industrial springs can buy them in China for 95% less than in the U.S. – if they cost $1.00 here, they’re only 5 cents from China, shipping … [visit site to read more]

Earnings Preview: Yum! Posted: 01 Oct 2010 07:35 AM PDT Quick service restaurant company, YUM! Brands Inc. (NYSE:YUM) is slated to release its third quarter 2010 results on October 5. The current Zacks Consensus Estimate for the third quarter is 72 cents per share, representing an annualized growth of 3.33%.     Yum! has outperformed the Zacks Consensus Estimate over the trailing four quarters, with earnings surprises varying in the range of 4.17% to 18.64%. The average earnings surprise was 10.4%. This implies that the company has … [visit site to read more]

EIA Reports Bearish Gas Injection Posted: 01 Oct 2010 07:35 AM PDT The federal government's Energy Information Administration ("EIA") reported a higher-than-expected increase in natural gas supplies, attributable to the onset of fall, a season in which demand is usually lower on account of moderate weather conditions across the country.   Stockpiles held in underground storage in the lower 48 states rose by 74 billion cubic feet (Bcf) for the week ended September 24, 2010, above the forecasted range of 67–71 Bcf increase. The latest build … [visit site to read more]

Tracking Performance Of Base Metals Posted: 01 Oct 2010 07:30 AM PDT Base metal prices took a big hit from the financial crisis but many of the metals are now seeing their shine return. Since late 2008, copper has experienced the strongest rebound (up 137 percent through mid-September) followed by nickel and lead. The outperformance is simply a factor of supply and demand. Stimulus from China, the U.S. and other countries helped demand outstrip supply as mines have struggled to raise output. China has been the key driver of higher copper prices … [visit site to read more]

Stock Market News Briefs: Bank Of America, Caterpillar, ConocoPhillips, Goldman Sachs Group, Hewlett-Packard Company, Limited Brands, Marsh & McLennan Companies, Morgan Stanley, Norfolk Souther, SAP Aktiengesellschaft Systeme, Anwendungen, Produ, Union Pacific, Wells Fargo & Company, Netflix, Oracle Corporation Posted: 01 Oct 2010 07:05 AM PDT  Bank of America (NYSE:BAC) downgraded Caterpillar (NYSE:CAT) to “neutral” from “buy”  Susquehanna downgraded Netflix (NASDAQ:NFLX) from “neutral” to “sell,” taking the price target to $120  Wells Fargo (NYSE:WFC) downgraded Union Pacific (NYSE:UNP) and Norfolk & Southern (NYSE:NSC) from “outperform” to “market perform”  Goldman Sachs (NYSE:GS) downgraded Limited Brands (NYSE:LTD) to “sell”  FBR maintained an “outperform” on Marsh & McLennan (NYSE:MMC)  Former head of German … [visit site to read more]

CRA International Mixed 3Q Results Posted: 01 Oct 2010 07:05 AM PDT CRA International Inc. (CRAI) reported pro forma earnings of $3.2 million or 30 cents per share for the third quarter of 2010 ended September 3, 2010. The results were in line with the Zacks Consensus Estimate, but inched up slightly from the earnings of $3.1 million or 29 cents per share reported in the year-ago quarter. The third quarter results were driven by its cost-containment initiatives resulting in margin improvement.   On a GAAP basis, net earnings were $2.1 million or 19 cents … [visit site to read more]

Regis Downgraded To Underperform Posted: 01 Oct 2010 07:05 AM PDT We are downgrading our rating on Regis Corp. (NYSE:RGS), which owns, operates, and franchises hairstyling and hair care salons worldwide to Underperform from Neutral.   The rating downgrade is based on disappointing fourth quarter 2010 results, as total revenue continues to fall due to eight consecutive quarters of decline in same store sales. Regis continues to see sagging same store sales as salon traffic remains weak, given that consumer behavior has changed in this difficult economic … [visit site to read more]

Great September For Stocks! (Now What?) Posted: 01 Oct 2010 07:05 AM PDT The market is coming off the best September in over 70 years. It’s tempting to get caught up in the emotion of the big rally and go whole-hog long. However, fears of a double-dip recession are by no means forgotten. That is the current puzzle that faces investors. Should they climb on board the stock market rally hoping for greater gains? Or take profits now? Let’s review the landscape to figure it out. Bullish Case The best case for the market to continue higher is based upon the earnings … [visit site to read more]

Real Consumer Spending Increases In August To 27-Month High, Almost Back To Pre-Recession Level Posted: 01 Oct 2010 06:38 AM PDT According to today’s report from the BEA on “Personal Income and Outlays,” real personal consumption expenditures reached a 27-month high of $9,321.2 billion in August, the highest level of consumer spending since May of 2008 (see chart above).  Real consumer spending in August was just $34.3 billion (or 0.37%) below the peak of $9,355.5 billion reached in December 2007, the month the U.S. economy went into recession.  In the 16-month period between January 2008 and April … [visit site to read more]

Medtronic Studies DEB Therapy Posted: 01 Oct 2010 06:35 AM PDT Recently, Medtronic Inc. (NYSE:MDT) announced results from the IN.PACT drug-eluting balloon (DEB) clinical program. Although results of the randomized trial are yet to come, according to available clinical data, DEBs hold potential to treat both coronary and peripheral arterial diseases. This has become another platform for cardiovascular interventions besides traditional balloon angioplasty, bare-metal stents and drug-eluting stents (DES). The IN.PACT superficial femoral artery (SFA) I trial is … [visit site to read more]

Accenture Beats Comfortably Posted: 01 Oct 2010 06:35 AM PDT Accenture plc (NYSE:ACN) reported fourth quarter 2010 earnings per share (EPS) of 66 cents, substantially exceeding the Zacks Consensus Estimate of 63 cents. The quarter's results were up 69.2% from the year-ago quarter, attributable to higher revenues and margins as well as a lower share count, partially offset by a higher tax rate.   Revenues   Accenture reported fourth quarter 2010 net revenue of $5.42 billion, up 5.2% from $5.15 billion reported in the year-ago quarter and above … [visit site to read more]

Stocks To Watch For Friday: Hewlett-Packard, BP, HSBC, Repsol Posted: 01 Oct 2010 06:23 AM PDT US macro data sent the markets higher initially Thursday (GDP beat 1.7% v 1.6% cons; Chicago PMI 60.4 v 55.5 cons; weekly jobless data was also better), with the S&P500 breaking through the 1150 mark to new highs. However, the break did not last long as the futures desk's month end flow was better to sell (the chatter from the US was that asset allocators were going to have to dump equities on the close given the outperformance of equities in September). The selling pressure … [visit site to read more]

Swiss Franc: Under Pressure Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Under Pressure Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Under Pressure Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Under Pressure Posted: 01 Oct 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro Continues To Rally Despite Sovereign Debt Concerns Posted: 01 Oct 2010 06:17 AM PDT Fundamentals It must be difficult to stop a trending market once it gets going, as evidenced by the recent strong performance in the Euro — especially vs. the U.S. Dollar. December Euro futures are trading at their highest levels since mid-April, despite word that Ireland’s government debt is expected to soar to 32% of GDP, as the government continues to struggle to support its banks. In addition, Moody’s downgraded the credit rating of Spain to AA1 due to the country’s weak economic growth … [visit site to read more]

Neutral On Tech Data Posted: 01 Oct 2010 06:05 AM PDT We maintain a Neutral recommendation on Tech Data Corp. (NASDAQ:TECD). Tech Data's second quarter 2011 results beat the Zacks Consensus Estimate and recorded the most profitable second quarter in the company's history, attributable to an improving demand for technology products combined with an outstanding effort in working capital management. With strong earnings momentum, diversified customer base, increased acquisition, diverse product portfolio, significant operating efficiency and share … [visit site to read more]

Northrop Enters IT Deal Posted: 01 Oct 2010 06:05 AM PDT Northrop Grumman Corporation (NYSE:NOC) has embarked upon a $2.8 billion deal to provide information technology (IT) solutions to the Social Security Administration (SSA). Northrop will perform a variety of technology services under the seven-year Information Technology Support Services (ITSS) contract. Work on the contract will be conducted in Baltimore.   Northrop will provide improved service delivery to SSA stakeholders through IT and business process improvements under this contract. … [visit site to read more]

TARP Expires, Repayment In Limbo Posted: 01 Oct 2010 05:35 AM PDT After two years of functioning, the U.S. Treasury's $700 billion Troubled Asset Relief Program (TARP) is set to expire on Sunday. However, many of the banks still did not repay the funds they had taken as part of their participation in the program. Following the collapse of Lehman Brothers in September 2008, which was acquired by Barclays (NYSE:BCS), the U.S. government has injected billions of dollars through TARP into several national financial institutions to stabilize the financial … [visit site to read more]

Hot Stocks To Know For Friday: Citigroup, Microsoft, Hewlett-Packard, ExxonMobil, Metlife, Novartis, Sanofi-Aventis, Allied Irish Banks, Repsol, Total Posted: 01 Oct 2010 05:26 AM PDT BP (NYSE:BP) – Kuwait Foreign Petroleum Exploration Company is interested in buying co.'s stake in Nam Con Son gas project off the coast of Vietnam. (Dau Tu Newspaper) UK BHP Billiton (NYSE:BHP) – Co. said on Friday it expected to lodge a motion within the next few days to challenge a lawsuit filed by Potash to fend off the miners USD 39bln hostile takeover bid. (RTRS) Cairn Energy/Vedanta – Cairn Energy's proposed stake sale in Cairn India to Vedanta may get delayed … [visit site to read more]

Controversial China Tariff Bill – The Stupidest Thing The US Could Do Right Now Posted: 01 Oct 2010 05:05 AM PDT The U.S. House of Representatives this week overwhelmingly passed a bill that would enable the Obama administration to impose punitive tariffs on almost all Chinese imports into the United States – a controversial move that’s intended to punish China for refusing to revalue its currency. The House China tariff bill faces opposition in the Senate and from the Obama administration and isn’t expected to become law. Let’s hope that reluctance continues to hold: This bill is little more than … [visit site to read more]

Eurozone Unemployment Rate Remains At The Highest Level Since June 2008 Posted: 01 Oct 2010 04:44 AM PDT          Fundamental Headlines • Crisis in Ireland Shakes Europe – Wall Street Journal •Dow Surges Even as Small Investors Exit – Wall Street Journal • China Factory Growth Boosts Markets – Financial Times •European Manufacturing Cools, Unemployment Stays at High – Bloomberg • Europe Finance Ministers to Unveil Proposal on IMF Seats Today– Bloomberg EURUSD: The final manufacturing reading in the 16 member euro area slowed to 53.7 in … [visit site to read more]

Weak U.S. Regional Banks Could Be Attractive Targets For Canadian Banks Posted: 01 Oct 2010 04:30 AM PDT Sharks are circling the beleaguered financial services industry and the upshot may well be a wave of mergers and acquisitions (M&A) that analysts say could lead to higher valuations, especially for smaller, regional banks. Activity in the financial services industry has been subdued for the past three years as weak loan growth, shrinking profit margins, increased regulation and low valuations kept investors at bay. But now forces pressuring the industry to contract “will create more … [visit site to read more]

Major Moves Sep: Promising Launches, Stagnating Assets Posted: 01 Oct 2010 04:00 AM PDT September was a month for the markets that ended up being the best in a very long time. The Dow Jones was up 7.7% for the month, the best September performance for the Dow since the 1930s while the S&P500 ended up 8.8% which is the best since the 1950s. The Nasdaq beat the other two indices to deliver 12% returns on the month. The sharp market rally kicked off on talks of QE2 being in the works and the possibility more money flowing into the economy from the US Fed. For actively-managed … [visit site to read more]

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