DailyMarkets.com - U.S. Stock Market: Strange Similarities Between Current Rally And Prior Creep Up
DailyMarkets.com - U.S. Stock Market: Strange Similarities Between Current Rally And Prior Creep Up |
- U.S. Stock Market: Strange Similarities Between Current Rally And Prior Creep Up
- Comerica Lags Estimates
- Quest Beats But Lowers Rev Guidance
- “Tight Trading Range…now Until End Of The Year “
- Genzyme Profit Rises
- Record Quarter For Watsco
- Dollar Declines On Speculation
- Yahoo! Posts A Good 3Q
- U.S. Bancorp Tops Zacks Estimates
- STLD Falters On Lower Steel Prices
- Abbott Beats On EPS, Misses On Revs
- St. Jude Posts A Mixed Bag
- Altria Beats Estimates
- European Markets Close Higher; Dax Up 0.52%
- Crude Rises Above $80
- Morgan Stanley Beats, Revenues Down
- Boeing Flies Past Zacks Consensus
- The U.S. Stock Market Correction Has Now Begun
- Wells Fargo Beats Estimates
- Forex – Dollar Down Sharply Amid Renewed Fed Easing Concerns
- Europe Stocks End Higher On Miners, Earnings; DAX Up 0.58%
- Geithner, China And Foreclosure-gate Send Investors Fleeing From Stocks To Bonds & US Dollar
- Forex – GBP/USD Soars To Fresh Daily High As Fed Data Eyed
- U.S. Traffic Volume Reaches 2-Year High In August
- The Canadian Century
- Forex Trading: USDJPY Breaks 81.11 And Scoots To The Next Support Target
- Forex – EUR/USD Surges To Fresh Daily High As Beige Book Eyed
- Delta Airlines Sees 3Q Profit Rise
- Sallie Mae Tops Zacks Estimate
- Australian Dollar: Key ST Resistance At 10725
- Canadian Dollar: The Downside Prevails
- Forex – USD/CAD Hits Fresh Daily Low As Crude Oil Prices Jump
- Forex Trading: EURUSD On Fire Again After Break
- Forex Trading: EURUSD At Key Levels Again.
- Opening Bell Market Monitor: BA, MA, WFC, YHOO
- Forex Trading: EURUSD Rallies To Resistance And Stalls. Gold Steady. Be Aware
| U.S. Stock Market: Strange Similarities Between Current Rally And Prior Creep Up Posted: 20 Oct 2010 11:45 AM PDT I always enjoy pointing out unusual or strange similarities in price structure over time, and one of the most eerie ones on a larger scale that has occurred recently is the similarities of the two "Creeper" trends in 2010. A chart is worth 1,000 words: What we're seeing is the two big rallies in 2010 – that of February – April (left) and the current late August to present. Even before I start describing the similarities of the rise, the similarities of the prior fall … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 11:35 AM PDT Comerica Incorporated (NYSE:CMA) reported third-quarter 2010 net income of 33 cents per share, below the Zacks Consensus Estimate of 41 cents and lower than prior quarter by 6 cents. However, results were far ahead of the prior-year quarter, as third-quarter 2009 had incurred a loss of 10 cents.
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| Quest Beats But Lowers Rev Guidance Posted: 20 Oct 2010 11:35 AM PDT Quest Diagnostics (DGX) reported an EPS of $1.13 during the third quarter of fiscal 2010, surpassing the year-ago quarter's $1.02. However, excluding an 8-cent benefit associated with a favorable tax resolution, the EPS came in at $1.05, ahead of the Zacks Consensus Estimate of $1.00.
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| “Tight Trading Range…now Until End Of The Year “ Posted: 20 Oct 2010 11:17 AM PDT Seaport Securities’ Jason Weisberg discusses today’s reversal in US equity market action and USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 11:05 AM PDT Genzyme Corporation (NASDAQ:GENZ) reported third quarter earnings of 32 cents per share (excluding one-time items but including the impact of stock-based compensation expense), a penny shy of the Zacks Consensus Estimate, but 88% above the year-earlier earnings of 17 cents.
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| Posted: 20 Oct 2010 11:05 AM PDT The third quarter for Watsco Inc. (NYSE:WSO) was a record-breaking quarter on all three fronts – revenues, earnings and cash flows. Net income surged 49% year-over-year to achieve a record of $31 million in the quarter.
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| Dollar Declines On Speculation Posted: 20 Oct 2010 06:00 AM PDT 10/20/10 The US dollar posted a steep decline this session following speculation of the Fed easing monetary … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 10:35 AM PDT Yahoo! Inc. (YHOO) reported third quarter earnings that beat the Zacks Consensus estimate by 2 cents. This excluded a gain of 14 cents a share from the sale of HotJobs during the quarter. Yahoo shares opened 2.19% higher this morning and have continued to climb higher since then.
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| U.S. Bancorp Tops Zacks Estimates Posted: 20 Oct 2010 10:35 AM PDT U.S. Bancorp (NYSE:USB) reported third quarter 2010 earnings attributable to common shareholders of $871 million or 45 cents per share, two cents ahead of the Zacks Consensus Estimate of 43 cents. The results also compare favorably with the prior quarter's earnings of $862 million or 45 cents per share and the prior-year quarter's earnings of $583 million or 30 cents per share.
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| STLD Falters On Lower Steel Prices Posted: 20 Oct 2010 10:35 AM PDT Steel Dynamics Inc.'s (NASDAQ:STLD) net income of $19 million or 9 cents per share in the third quarter of 2010 plummeted 72% from last year's $69 million or 30 cents. Sequentially, it declined 29% from $49 million or 22 cents.
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| Abbott Beats On EPS, Misses On Revs Posted: 20 Oct 2010 10:05 AM PDT Abbott Laboratories (NYSE:ABT) reported third quarter earnings of $1.05 per share, a penny above the Zacks Consensus Estimate and towards the higher end of the guidance provided by the company. Earnings increased 14.1% from the year-earlier period. However, including one-time items, EPS declined 40% to 57 cents.
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| Posted: 20 Oct 2010 10:05 AM PDT Medical devices major St. Jude Medical (NYSE:STJ) posted adjusted earnings per share of 72 cents for third-quarter fiscal 2010, exceeding the Zacks Consensus Estimate of 68 cents and the year-ago earnings of 59 cents. This represents the fifth consecutive quarter of outperformance.
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| Posted: 20 Oct 2010 10:05 AM PDT Altria Group Inc. (NYSE:MO), the manufacturer and seller of cigarettes, wine and other tobacco products, registered robust third quarter results of 2010 for the three-month period ending September 30, 2010.
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| European Markets Close Higher; Dax Up 0.52% Posted: 20 Oct 2010 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 0.52%, London's FTSE 100 gained 0.44%, France's CAC 40 climbed 0.55% and the EURO STOXX 50 was up 0.50%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.40%; the S&P 500 index gained 1.33%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 09:35 AM PDT 10/20/10 Front month crude prices regained yesterday’s losses after the dollar took a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Morgan Stanley Beats, Revenues Down Posted: 20 Oct 2010 09:35 AM PDT Morgan Stanley's (NYSE:MS) third quarter adjusted earnings from continuing operationscame in at 23 cents per share, 4 cents ahead of the Zacks Consensus Estimate of 19 cents. This represents Morgan Stanley's fifth consecutive quarter of income from continuing operations.
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| Boeing Flies Past Zacks Consensus Posted: 20 Oct 2010 09:35 AM PDT The Boeing Company (NYSE:BA) has shown resilience in its core businesses with third quarter fiscal 2010 earnings of $1.12 per share, outpacing the Zacks Consensus Estimate of $1.07. The company's results reflect higher Commercial Airplanes volume and strong performance across its core businesses.
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| The U.S. Stock Market Correction Has Now Begun Posted: 20 Oct 2010 09:30 AM PDT Yesterday the market broke the trend line off the August bottom. The dollar also followed through on its snapback rally. The odds are now high that we have the cycle top in place for stocks and the cycle low in the dollar. We should now see the market drift lower possibly till the third quarter GDP report next week. However let me stress again this isn’t over. This is just a profit taking event and once it’s run its course the dollar will resume what I fully expect to be a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 09:05 AM PDT Wells Fargo & Company's (NYSE:WFC) third quarter 2010 operating earnings were 60 cents per share, well above the Zacks Consensus Estimate of 55 cents. Net income applicable to common stock came in at $3.34 billion compared with $3.24 billion in the prior-year quarter.
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| Forex – Dollar Down Sharply Amid Renewed Fed Easing Concerns Posted: 20 Oct 2010 09:03 AM PDT Forex Pros – The U.S. dollar was down sharply against all of the other major currencies on Wednesday, amid rising expectations that the Federal Reserve would announce a second round of monetary easing to boost U.S. growth. During European late afternoon trade, the greenback was down against the euro, with EUR/USD jumping 1.65% to hit 1.3953. Earlier in the day, official data showed that German producer price inflation rose more-than-expected in September. The greenback was also down against … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Europe Stocks End Higher On Miners, Earnings; DAX Up 0.58% Posted: 20 Oct 2010 09:03 AM PDT Forex Pros – European stocks reversed early losses to end higher on Wednesday, as strong earnings reports boosted investor sentiment, while mining sector stocks led markets higher. At the close of European trade, the EURO STOXX 50 was up 0.57%; France's CAC 40 rose 0.62%; the FTSE 100 increased 0.45%; while Germany’s DAX climbed 0.58%. Shares in the commodity sector emerged as top performers as crude oil and metal prices rose. Shares in Xstrata soared 3.38%, stocks in BHP Billiton, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Geithner, China And Foreclosure-gate Send Investors Fleeing From Stocks To Bonds & US Dollar Posted: 20 Oct 2010 08:54 AM PDT Global markets freaked out on Tuesday primarily due to the following events: U.S. Treasury Secretary Geithner's speech on Monday pledging "The United States and no country around the world can devalue its way to prosperity.”
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| Forex – GBP/USD Soars To Fresh Daily High As Fed Data Eyed Posted: 20 Oct 2010 08:45 AM PDT Forex Pros – The pound advanced to a fresh daily high against the U.S. dollar on Wednesday, as market focus returned to the prospect of additional monetary easing by the Federal Reserve. GBP/USD hit 1.5867 during European late afternoon trade, a daily high; the pair subsequently consolidated at 1.5849, jumping 0.90%. Cable was likely to find support at 1.5601, the low of September 22 and resistance at 1.6002, Monday's high. Earlier Wednesday, U.K. Chancellor George Osborne unveiled … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Traffic Volume Reaches 2-Year High In August Posted: 20 Oct 2010 08:45 AM PDT The Federal Highway Administration reported today that travel on all roads and streets in the U.S. increased by +1.6% in August 2010 compared to the same month last year. Total travel for the month of August was estimated at 267.4 billion vehicle miles, the second highest travel volume for the month of August, just 0.50% below the all-time August record in 2007 of 268.7 billion miles. The August increase in traffic was the third consecutive monthly increase, and the fifth increase in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Oct 2010 08:37 AM PDT By Seeking Delta of http://seekingdelta.wordpress.com/
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| Forex Trading: USDJPY Breaks 81.11 And Scoots To The Next Support Target Posted: 20 Oct 2010 08:32 AM PDT |
| Forex – EUR/USD Surges To Fresh Daily High As Beige Book Eyed Posted: 20 Oct 2010 08:31 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, soaring to a fresh daily high, ahead of the release of key U.S. economic data. EUR/USD hit 1.1.3989 during late European trade, a fresh daily high; the pair subsequently consolidated at 1.3980, jumping 1.81%. The pair was likely to find support at 1.3636, the low of October 5 and resistance at 1.4157, the high of October 15 and an 8-month high. On Tuesday, three regional Federal Reserve presidents signaled that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Delta Airlines Sees 3Q Profit Rise Posted: 20 Oct 2010 08:29 AM PDT 10/20/10 Delta Airlines announced that it posted a 3Q profit on improved passenger and cargo … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Sallie Mae Tops Zacks Estimate Posted: 20 Oct 2010 08:22 AM PDT SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, reported third quarter core earnings of $189 million or 35 cents per share, ahead of the Zacks Consensus Estimate of 27 cents. The results compare favorably with the prior-year quarter's core earnings of $164 million or 26 cents per share. The better-than-expected results were primarily driven by higher interest income on its student loans. However, on a GAAP basis, Sallie Mae reported a quarterly net loss of $495 million or $1.06 per share, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: Key ST Resistance At 10725 Posted: 20 Oct 2010 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 20 Oct 2010 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Hits Fresh Daily Low As Crude Oil Prices Jump Posted: 20 Oct 2010 07:52 AM PDT Forex Pros – The Canadian dollar extended gains against its U.S. counterpart on Wednesday, rising to a fresh daily high after official data showed that U.S. crude oil inventories rose-less-than expected last week. USD/CAD hit 1.0244 during late European trade, a fresh daily low; the pair subsequently consolidated at 1.0241, tumbling 0.90%. The pair was likely to find support at 1.0160, Tuesday's low and resistance at 1.0373, Tuesday's high. Earlier in the day, the U.S. Energy Information … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD On Fire Again After Break Posted: 20 Oct 2010 07:45 AM PDT The 1.3958 level is the next target and then the 1.3982 (61.8% of the move down). Not much resistance as the price goes from 1.3820 support to the moon in about 70 minutes.
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| Forex Trading: EURUSD At Key Levels Again. Posted: 20 Oct 2010 07:34 AM PDT The 100 and 200 hour MA at the 1.3933 level and the 50% retracement at 1.3928. This is the last stand for the EURUSD. Look for the stops and momentum on a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: BA, MA, WFC, YHOO Posted: 20 Oct 2010 07:31 AM PDT 10/20/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Rallies To Resistance And Stalls. Gold Steady. Be Aware Posted: 20 Oct 2010 07:28 AM PDT |
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