Monday, October 11, 2010

DailyMarkets.com - Why The U.S. Dollar Could Rally In Coming Weeks

DailyMarkets.com - Why The U.S. Dollar Could Rally In Coming Weeks


Why The U.S. Dollar Could Rally In Coming Weeks

Posted: 11 Oct 2010 11:45 AM PDT

When one side of any market gets crowded, it is time to prepare for a possible reversal. While there are numerous reasons to be bearish on the U.S. dollar long-term, there are some short-to-intermediate-term factors that may cause the dollar to stage a counter-trend rally in the coming weeks. As we monitor the dollar, we must also consider the possible impact on "weak dollar assets" such as gold (GLD), silver (SLV), copper (JJC), oil (USO), agricultural commodities (DBA), … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Capital One Lowered To Neutral

Posted: 11 Oct 2010 11:40 AM PDT

Based on the financial impact of the recently implemented Credit Card Act, we have lowered our long-term recommendation on Capital One Financial Corporation (NYSE:COF) to "Neutral" from "Outperform".
 
Capital One's second quarter 2010 earnings of $1.78 per share were significantly ahead of the Zacks Consensus Estimate of 88 cents and the prior-year quarter's net loss of 64 cents.
 
Results improved over the prior-year quarter due to a lower provision for loan losses due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: CRA International

Posted: 11 Oct 2010 11:05 AM PDT

A leading global consulting firm CRA International, Inc. (CRAI) reported its earnings of 30 cents for the third quarter of 2010 on September 30, 2010, in line with the Zacks Consensus Estimate and up by 1 cent from the year-ago quarter. The reported quarter's earnings benefited from margin improvement but litigation business remained sluggish.
 
Overall, the analysts' opinion remains negative on the stock, as the overall visibility remains misty.
 
Third Quarter Review

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


Gap’s Disappointing Comparables

Posted: 11 Oct 2010 11:05 AM PDT

The Gap Inc. (NYSE:GPS), the largest U.S. clothing chain, reported disappointing sales results for the month of September 2010. The company's comparable-store sales for the month slipped 2.0%, after recording a flat growth in August 2010 and a 1.0% increase in the month of July.
 
Gap, which operates the Old Navy and Banana Republic chains as well as Gap stores, hinted that comps declined 1% at Gap North America and 5% at Old Navy North America but remained flat at Banana … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CHK Sells 1/3 Eagle Ford To CNOOC

Posted: 11 Oct 2010 10:35 AM PDT

Ahead of the third quarter results (scheduled on November 3), the leading U.S. natural gas producer Chesapeake Energy Corporation (NYSE:CHK) signed a deal with Chinese offshore major CNOOC Ltd. (NYSE:CEO). As per this deal, Chesapeake has sold its one-third undivided interest in the Eagle Ford Shale to CNOOC for $1.08 billion.
 
CNOOC will also bear 3/4 of Chesapeake's share of drilling and completion expenses until an additional $1.08 billion has been paid, bringing the total purchase … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Comcast-NBC Deal Needs Arbitration

Posted: 11 Oct 2010 10:35 AM PDT

Last year, Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO of the world, entered into an agreement to buy a 51% stake in NBC Universal from General Electric Co (GE), subject to government approval. Now, the Justice Department and the Federal Communications Commission (FCC) are considering arbitration in programming disputes as a condition of approving Comcast’s acquisition of NBC Universal.
 
The cable and satellite companies such as DirecTV (DTV) and Dish Network (DISH) were worried that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SABESP Upped To Outperform

Posted: 11 Oct 2010 10:35 AM PDT

We recently upgraded our rating for Companhia de Saneamento Basico do Estado de São Paulo, or SABESP (SBS), a public water and sewage services provider in the State of São Paulo, Brazil, from Neutral to an Outperform recommendation.
 
Second Quarter Highlights
 
SABESP reported quite dismal financial results for the second quarter 2010 with earnings per share of R$1.46 (US$1.62 per ADR) down 28.4% year over year as compared to R$2.04 (US$1.95) in the second quarter of 2009. Earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Regis 1st Quarter Sales Drop

Posted: 11 Oct 2010 10:35 AM PDT

In a pre-earnings announcement, Regis Corporation (RGS) based in Edina, reported its first quarter 2011 revenues of $578 million, down 4.5% over the year, and also below the Zacks Consensus Estimate of $583 million.
 
Consumer behavior has altered in this difficult economic environment. People are cutting back on expenditures, resulting in a slowdown in spending and prolonging the duration between salon visits.
 
The comparable-store sales for the first quarter fell 1.5% overthe year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Picks From Value Investing Congress

Posted: 11 Oct 2010 10:29 AM PDT

In the spirit of the upcoming Value Investing Congress which I plan on attending and reporting from, I found some interesting videos from the previous Congress in 2008 which I wanted to share. I discovered a total of 11 videos on the internet. Most of them are quite interesting, and informative.
I wrote about a brief summary of each video which I will be posting over the next few days, and embedded the video below.
It is important for context to understand that the conference took place … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Panel Discussion With Top Economists (Value Investing Congress 2008)

Posted: 11 Oct 2010 10:22 AM PDT

In the spirit of the upcoming Value Investing Congress which I plan on attending and reporting from, I found some interesting videos from the previous Congress in 2008 which I wanted to share. I discovered a total of 11 videos on the internet. Most of them are quite interesting, and informative.
I wrote about a brief summary of each video which I will be posting over the next few days, and embedded the video below.
It is important for context to understand that the conference took place … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Housing: Quick Cure, Quicker Lapse?

Posted: 11 Oct 2010 10:05 AM PDT

In the rush to get out of the foreclosure crisis, have we dug a bigger hole for ourselves? The biggest lenders have already discovered enough paperwork flaws to suspend their foreclosure processing. As a precautionary measure, lawmakers have asked several other lenders to halt their processes as well, triggering fears of sending the housing crisis into a tailspin.

The latest bank under the microscope is Bank of America Corp. (NYSE:BAC), the largest bank of the nation, which has extended its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ABB Wins Swiss Contract

Posted: 11 Oct 2010 10:05 AM PDT

ABB Ltd. (NYSE:ABB) has entered an agreement with Energie Wasser Bern to provide its integrated electrical and process control systems for construction of a new plant for burning waste materials in Switzerland. The planned waste incineration facility will be an integration of a clean biomass-fired power station and combined cycle gas turbine plant, the first of its kind in Europe.
 
The new plant will be built in place of a thirty-five year old, scrapped, waste incinerator. Apart from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Petrobras Strikes Gas In Peru

Posted: 11 Oct 2010 09:35 AM PDT

Brazilian oil giant Petroleo Brasileiro, or Petrobras (PBR) announced the discovery of gas reserve in the South American country, Peru. The company drilled an exploratory block at the Lot 58 of the country's Amazon region.
 
This happens to be Petrobras' second discovery in Lot 58, near the Camisea gas field while the first, named Urubamba 1X, was announced in late 2009. The Picha 2X exploratory well, which was drilled to a depth of 14,425 feet, is currently under assessment.
 
On … [visit site to read more] or compare Best Credit Cards and Best CD Rates


QLogic Ups 2Q Outlook

Posted: 11 Oct 2010 09:35 AM PDT

A leading supplier of high performance network infrastructure solutions, QLogic Corp. (NASDAQ:QLGC) reported preliminary results for its second quarter 2011. QLogic raised its revenue and earnings per share outlook for the second quarter 2011 and expects the results to beat the Zacks Consensus Estimate.  

For the second quarter 2011, management raised its low end of the total net revenue expectation. QLogic expects revenues in the range of $146 million to $147 million. This compares with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Target Sales Rise

Posted: 11 Oct 2010 09:35 AM PDT

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted sales results for the five-week period ended October 2, 2010 that remained at the low end of the company's expectations.
 
The company's comparable-store sales for September 2010 rose 1.3%, following an increase of 1.8% in August 2010, reflecting a sharp improvement from a decline of 1.7% in September 2009.
 
The increase in comps was the result of growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Credit Suisse First Boston September Housing Survey: Ouch

Posted: 11 Oct 2010 09:28 AM PDT

Amongst the first to release valuable data and forward-looking prognostications on a comprehensive roster of nationwide real estate markets is CSFB. I have followed this report and have found it to be long on facts and observations from those with boots on the ground and short on political spin.

September results were released late last week, and they vividly present a toxic brew of falling sales, prices and a malaise present in buyers, sellers and intermediaries that is too ingrained to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Suntech Increasing U.S. Exposure

Posted: 11 Oct 2010 09:05 AM PDT

Chinese solar panel maker Suntech Power Holdings Company Ltd. (NYSE:STP) is increasing its exposure in the growing U.S. solar market, where its sales grew 35% sequentially in the second quarter of 2010. The company is eyeing a 15% – 20% market share in the U.S. in 2010. The company expects demand for solar products in the U.S. and Canada to exceed 1 GW in 2010.
 
In lieu with its U.S. focus, Suntech Power opened its first U.S. manufacturing plant in Goodyear, Arizona. The new module … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Back-to-School Drives Macy’s Sales

Posted: 11 Oct 2010 09:05 AM PDT

Macy's Inc. (NYSE:M) posted better-than-expected sales results for the five-week period ended October 2, 2010, on the heels of strong back-to-school business, driven by robust performances across Material Girl, Madonna’s exclusive juniors brand and American Rag, the private brand.
 
The company rolled out the Kenneth Cole Reaction men's sportswear line at its stores, and is also preparing to launch Sean John men's sportswear brand.
 
Macy's comparable-store sales for September … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Energizer Wins American Safety Bid

Posted: 11 Oct 2010 09:05 AM PDT

Energizer Holdings Inc. (NYSE:ENR), a leading manufacturer and marketer of batteries, lighting and personal care products announced that it has won the bid to acquire substantially all the assets and certain liabilities of American Safety Razor Co. for $301 million in cash in a competitive bidding process in the bankruptcy court proceedings.
 
However, the acquisition is still subject to regulatory approval.
 
Based in New Jersey, privately held, American Safety Razor Co., a primary … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AMB Leases In Miami

Posted: 11 Oct 2010 08:35 AM PDT

AMB Property Corp. (NYSE:AMB), a leading real estate investment trust (REIT), has recently leased 124,700 square feet of its development portfolio in AMB Beacon Lakes Building 12 in Miami, Florida, for an undisclosed amount. The unnamed lessees are among the premier freight forwarding companies in the U.S.
 
The leased facility is strategically located in close proximity to the Miami International Airport, which operates more international air freight than any other airport in the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Falls Below Trendline And Key 100 Hour MA (at 1.3908)

Posted: 11 Oct 2010 08:27 AM PDT

Alice Schroeder On Warren Buffett From The Value Investing Congress (2008)

Posted: 11 Oct 2010 08:27 AM PDT

In the spirit of the upcoming Value Investing Congress which I plan on attending and reporting from, I found some interesting videos from the previous Congress in 2008 which I wanted to share. I discovered a total of 11 videos on the internet. Most of them are quite interesting, and informative.
I wrote about a brief summary of each video which I will be posting over the next few days, and embedded the video below.
It is important for context to understand that the conference took place … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vornado Realty Invests In JCP

Posted: 11 Oct 2010 08:15 AM PDT

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently acquired beneficial ownership of approximately 10% of the common shares of J. C. Penney Company Inc. (NYSE:JCP), a premier fashion specialty retailer in the U.S. The acquisition was made through the wholly-owned subsidiaries of Vornado Realty.
 
The strategic move was intended to capitalize on Vornado Realty's expertise to better manage the real estate assets of J. C. Penney. Currently, J.C. Penney … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Varian And IMRIS Ink Pact

Posted: 11 Oct 2010 08:15 AM PDT

Varian Medical Systems (NYSE:VAR), a global leader in oncology treatment, recently announced that it has signed an agreement with IMRIS (which provides on-demand imaging during medical procedures) to jointly develop a novel MR-guided radiation therapy system to be used for treating cancer patients. After the completion of the development work, and on receipt of regulatory approval, the two companies plan joint branding of their new MR-guided radiation therapy suite.
 
Under the terms of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Penn National Buys M Resort

Posted: 11 Oct 2010 08:15 AM PDT

Penn National Gaming Inc. (NASDAQ:PENN) announced that it bought all of The M Resort LLC bank debt including $160 million of subordinated debt formerly held by MGM Resorts International (NYSE:MGM) from Bank of Scotland plc, a unit of Lloyds Banking Group. The total transaction was for $230.5 million.
 
The M Resort, opened in March 2009, is an upscale casino resort located ten miles from the gaming hub of the U.S. Las Vegas Strip. M Resort envisages developing up to a one million square feet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Accenture To Buy Outsourcing Unit

Posted: 11 Oct 2010 08:15 AM PDT

Technology outsourcing and consulting major Accenture Inc. (NYSE:ACN) recently announced its intention to acquire the sourcing services and business process outsourcing (BPO) services business of Ariba Inc. (NASDAQ:ARBA) for a total consideration of $51.0 million. The acquisition is expected to close by the end of December 2010.
 
Ariba is the leading provider of cloud-based business commerce software, which facilitates organizations to manage costs, minimize risk, improve profits and enhance … [visit site to read more] or compare Best Credit Cards and Best CD Rates


IPN Announces 2010 Bastiat Prize Finalists

Posted: 11 Oct 2010 07:30 AM PDT

LONDON, 11 October — International Policy Network is pleased to announce the finalists in its ninth Bastiat Prize for Journalism. The competition includes one prize awarded for print journalism ($15,000 total prize money), and one prize awarded for online journalism ($3,000 prize money). Winners and runners-up will be announced in early November.

Seven finalists for the print journalism prize are:

•Andrew Ferguson, Weekly Standard

•Peter Foster, National Post, Canada (2009 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Benefits From Economic Outlook, Gold Supported By Weak Dollar

Posted: 10 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Benefits from Economic Outlook
Crude Oil (WTI) – $83.32 // $0.66 // 0.80%
Commentary:Crude oil is kicking off the new week with more gains as optimism surrounding the global economy continues to permeate the financial markets. Now that U.S. petroleum inventories are showing some signs of falling from their extremely depressed levels, that is only adding more fuel to the fire for crude oil prices. This next week will likely be influenced primarily by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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