Wednesday, October 20, 2010

DailyMarkets.com - Will Students Be Tempted To Overspend With Citi Dividend Platinum Select Card’s Generous Rewards System?

DailyMarkets.com - Will Students Be Tempted To Overspend With Citi Dividend Platinum Select Card’s Generous Rewards System?

Will Students Be Tempted To Overspend With Citi Dividend Platinum Select Card’s Generous Rewards System?

Posted: 20 Oct 2010 07:50 AM PDT

Before you apply for this card, read this!

If you are student, having a student credit card has many advantages. Unlike a debit card, student credit cards can help you establish a credit history, and if you make purchases with it and pay your bills on time, you would build a good credit score over time, which is important when you find employment in the future or apply for loans.

The Citi® Dividend Platinum Select® Card for College Students is one of the best credit cards designed for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Wednesday: Yahoo, Google, Bank Of America, Wells Fargo, Johnson & Johnson, Pfizer

Posted: 20 Oct 2010 07:49 AM PDT

The surprise decision by the PBoC to raise rates by 25bps (I'd now expect tomorrows GDP and CPI numbers to be upside surprises !) led to de-risking across the board and US stocks suffered their biggest setback in 2 months. The dollar (the $ index DXY +1.7 percent) was the main beneficiary as it had its biggest gain in 6 months. Commodities had a knee-jerk move lower with Gold -2.5 percent, Crude -4 percent, and Copper -3 percent. Every major S&P Subsector finished in the red … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Toward Support At The 81.11 Area. Above 81.34 Is Resistance Now

Posted: 20 Oct 2010 07:18 AM PDT

U.S. Stocks Advance After The Open; Dow Jones Gains 0.70%

Posted: 20 Oct 2010 07:12 AM PDT

Forex Pros – U.S. stocks were up after the open on Wednesday, boosted by strong earnings reports from the technology and aerospace sectors, while shares in the financial sector came under pressure. 
 
During early U.S. trade, the Dow Jones Industrial Average gained 0.70%; the S&P 500 index rose 0.54%, while the Nasdaq Composite index added 0.58%.

Boeing, the world’s largest aerospace company, saw its shares jump 2.48% after it reported better-than-expected third quarter net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WisdomTree Plans 3 New Active Bond ETFs

Posted: 20 Oct 2010 07:11 AM PDT

WisdomTree Asset Management filed a preliminary prospectus on Oct 19th, for three new actively-managed ETFs that will bolster its fixed-income bond ETF line up even further. The firm first tested the fixed-income space in August of this year with the launch of the Emerging Markets Local Debt Fund (ELD: 53.45 +0.21%), the first actively-managed ETF focusing on emerging market debt. The launch saw a good amount of success with ELD having accumulated close to $350 million in investor assets … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Psychiatric Beats Estimates

Posted: 20 Oct 2010 07:05 AM PDT

Psychiatric Solutions Inc. (NASDAQ:PSYS) reported an EPS from continuing operations of 94 cents in the third quarter of 2010, surpassing the Zacks Consensus Estimate of 59 cents. EPS increased 88% from 50 cents in the year-ago quarter due to an increase in overall revenue on the back of heightened admissions.
 
Results for the third quarter included $2.4 million of transaction costs associated with its planned acquisition by Pennsylvania-based Universal Health Services Inc (NYSE:UHS). The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Schlumberger

Posted: 20 Oct 2010 07:05 AM PDT

Schlumberger Limited (NYSE:SLB) is expected to report its third quarter 2010 results on October 22, 2010. The Zacks Consensus Estimate for the quarter is 70 cents per share compared with 65 cents earned in the year-earlier period. Total revenue is projected at $6.7 billion for the quarter.
Second Quarter Flashback
Schlumberger’s second-quarter earnings, though flat year over year, had come ahead of the Zacks Consensus Estimate, driven by rapid onshore North American activity levels that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tea Workers On Strike Over Machines

Posted: 20 Oct 2010 06:56 AM PDT

BusinessDay — “A strike by tea workers in Kenya over the use of picking machines by companies went on for a second day yesterday. The tea-industry strike is aimed at protecting the livelihoods of thousands of Kenyan families who will be affected if machines continue to be used, Adam Baraza, personal assistant to Central Organisation of Trade Unions secretary-general Francis Atwoli, said on Monday.”
MP: Maybe the union can negotiate a “tea jobs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks Above Resistance. Watching Key Resistance At 1.3927 Area.

Posted: 20 Oct 2010 06:52 AM PDT

There is a report from a consulting firm that 550 billion of QE is in the works in the US, and with the market nervous, the EURUSD has soared to new highs. The pair is now above the 38.2% retracement and the upper trendline at the 1.3883 level.

The 38.2% is at 1.3873. Look for support at 1.3873-83 now. Next key target resistance comes in at 1.3927 to 1.3932 area.  The 1.3927 is the 50% retracement, while the 1.3932 is where the 100 and the 200 hour MA are converged.  I would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RC2 Misses, Reaffirms Outlook

Posted: 20 Oct 2010 06:35 AM PDT

RC2 Corporation (NASDAQ:RCRC) reported third quarter 2010 adjusted earnings of 63 cents per share, which missed the Zacks Consensus Estimate of 66 cents, and plunged 4.5% from the prior-year quarter. The  disappointing results were due to lower gross margin. On a reported basis, including the impact of infant sleep positioners and acquisition-related costs, RC2's earnings were 56 cents per share, down 15.2% year over year.

For the quarter, net sales upped 2.0% to $129.0 million from $126.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Abbott Laboratories, Bank Of America, BlackRock, Boeing Company, Delta Air Lines (New), Morgan Stanley, U.S. Bancorp, United Technologies, Wells Fargo & Company

Posted: 20 Oct 2010 06:35 AM PDT

 BlackRock (NYSE:BLK) topped sales and earnings projections with third quarter results of $2.75, $0.30 above Zacks estimates on revenues of $2.09 billion, up 83.5% and above Zacks estimates of $2 billion

 Morgan Stanley (NYSE:MS) reported earnings of $0.23 ex-items, ahead of Zacks estimates of $0.19, as revenues fell 19.9% to $6.78 billion, below Zack projections of $6.88 billion

 Boeing (NYSE:BA) bested estimates with third quarter earnings of $1.12, $0.05 above Zacks estimates, on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Trims Gains After U.K. Spending Cuts Revealed

Posted: 20 Oct 2010 06:21 AM PDT

Forex Pros – The euro trimmed gains against the pound on Wednesday, retreating from a daily high, after U.K. Conservative finance minister George Osborne outlined spending cuts worth GBP 80 billion aimed at reducing the country's record budget deficit.

EUR/GBP hit 0.8789 after retreating from 0.8823, the daily high during European afternoon trade, gaining 0.54%.

The pair was likely to find support at 0.8703, the low of October 18 and resistance at 0.8837, the high of October 12 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 20 Oct 2010 06:19 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: 20 Oct 2010 06:19 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: 20 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: 20 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

Oil Prices Fail Again To Take Out $85 Resistance

Posted: 20 Oct 2010 06:18 AM PDT

Fundamentals
Sometimes it appears that Oil prices are determined to remain range-bound, as the recent test of upside resistance at 85.00 has been unsuccessful. This time it was a surprise move by the Peoples Bank of China (PBOC), which raised the 1-year lending rate by 25 basis points in an attempt to once again put the brakes on the country's rampant growth. This move sent the U.S. Dollar soaring, adding credence to the "reversal" seen in the value of the greenback this past Friday. A … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Wednesday: Bank Of America, Yahoo, Google, Gilead Sciences, Boston Scientific, Stryker, Juniper Networks, Altera, Intuitive Surgical, SLM, Sanofi Aventis, BHP Billiton, Rio Tinto

Posted: 20 Oct 2010 06:08 AM PDT

Rio Tinto (NYSE:RTP) /BHP Billiton (NYSE:BHP) – Co. signalled they will continue ramping up iron ore production despite fresh concerns over a new Australian tax, with Rio Tinto approving a USD 3.1bln expansion plan on Wednesday. (RTRS)

UK

BHP Billiton – Co. voiced confidence that it could address tax-loss concerns raised by Canada's Saskatchewan province and win its support for the firm's USD 39bln bid for Potash. Co. also reported a strong start to the financial year with an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boston Scientific Surpasses

Posted: 20 Oct 2010 06:05 AM PDT

Boston Scientific (NYSE:BSX) reported adjusted EPS of 12 cents, far ahead of the Zacks Consensus Estimate of 6 cents. However, earnings were flat on a year-over-year basis. Adjusted EPS includes intangible asset impairment charges, restructuring-related charges and discrete tax items, but excludes after-tax amortization expense.
Revenues in the reported quarter declined 5% year over year to $1.92 billion, including a 6% and 5% decline in domestic ($1.10 billion) and international sales ($0.81 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Altera Tops Expectations

Posted: 20 Oct 2010 06:05 AM PDT

Chipmaker Altera Corporation (NASDAQ:ALTR) reported sales of $527.5 million in the third quarter of 2010, up 12% sequentially and up 84% year over year.
The results beat the Zacks Consensus Estimate of $526.0 million but were within management's revised guidance of $516.2 million – $535.0 million. Once again, Altera reported a solid quarter driven by strong demand in telecom and wireless markets propelled by communications infrastructure deployments in China, India and the US.
The sequential … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amdocs And Vesta Collaborate

Posted: 20 Oct 2010 06:05 AM PDT

Amdocs Ltd. (NYSE:DOX) and Vesta Corporation, a leading player in electronic payment solutions, collaborated to help mobile service providers in providing an improved customer service to the prepaid users.
As per the agreement, the collaboration includes Amdocs Prepaid solution and Vesta’s Mobile Payment Platform, enabling prepaid users to change their service providers at every top-up. Amdocs Prepaid is a software solution for service creation and delivery, real-time charging and customer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MGIC Beats On Lower Losses

Posted: 20 Oct 2010 06:05 AM PDT

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

Forex – GBP/USD Hits Fresh Daily High After U.K. Spending Cuts Unveiled

Posted: 20 Oct 2010 05:55 AM PDT

Forex Pros – The pound advanced to a fresh daily high against the U.S. dollar on Wednesday, after U.K. Chancellor George Osborne unveiled spending cuts worth GBP 80 billion aimed at reducing the country's record budget deficit.

GBP/USD hit 1.5768 during European afternoon trade, a daily high; the pair subsequently consolidated at 1.5748, gaining 0.27%.

Cable was likely to find support at 1.5601, the low of September 22 and resistance at 1.6002, Monday's high.

Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The UK Takes A “Hard Road To A Better Future”

Posted: 20 Oct 2010 05:47 AM PDT

The United Kingdom may be our closest political ally but in terms of financial paths, our friends across the pond are taking a decidedly different tact in terms of addressing their mountainous fiscal deficit. Today's news that the UK will undertake real fiscal austerity was a foregone conclusion with the election of new Prime Minister David Cameron this past May. That said, the reality of the news does pack a wallop when contrasted to the deficit spending here in the United States. For … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Low And High Support And Resistance Defined

Posted: 20 Oct 2010 05:42 AM PDT

Domino’s Tops Estimates

Posted: 20 Oct 2010 05:35 AM PDT

Domino’s Pizza Inc. (NYSE:DPZ) reported third quarter 2010 adjusted earnings of 27 cents per share, which inched past the Zacks Consensus Estimate by 2 cents. The company had earned 17 cents in the year-earlier quarter. The increase can mainly be credited to strong sales combined with lesser interest expense and a lower effective tax rate.
Total revenue in the reported quarter increased 14.8% year over year to $347.4 million and comfortably surpassed the Zacks Consensus Estimate of $334.0 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RC2 Misses, Reaffirms Outlook

Posted: 20 Oct 2010 05:35 AM PDT

This article has been unpublished. Walter, need new message.
 
RC2 CORP (RCRC): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Wholesale Sales Rise More-than-expected

Posted: 20 Oct 2010 05:35 AM PDT

Forex Pros – Canadian wholesales rose significantly more-than-expected in August, posting the largest increase since January, official data showed on Wednesday.

In a report, Statistics Canada said wholesale sales rose by a seasonally adjusted 1.2% in August, after declining by 0.1% in July.

Analysts had expected wholesale sales to rise by 0.5% in August.
 
The report showed that wholesale sales rose to CAD 44.5 billion in August, with the largest increase recorded in the machinery, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Remains Down Vs. Rivals As Eyes Turn To Federal Reserve

Posted: 20 Oct 2010 05:23 AM PDT

Forex Pros – The U.S. dollar remained lower down against all of the other major currencies on Wednesday, after three regional Federal Reserve presidents reinforced that the central bank will begin a second round of asset purchases.

During European afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.94% to hit 1.3856. Earlier in the day, official data showed that German producer price inflation rose more-than-expected in September.

The greenback was also down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests 38.2% Of The Move Down. Decision Time At 1.3874 Area

Posted: 20 Oct 2010 05:19 AM PDT

HDFC Bank’s Profit Improves

Posted: 20 Oct 2010 05:07 AM PDT

On Tuesday, India’s HDFC Bank (NYSE:HDB) reported fisccal second quarter 2011 (ended September 30, 2010) net earnings of INR57.70 billion (US$1.24 billion),up 14.3% from the prior-year quarter. Results improved primarily due to strong growth in net revenues and decline in provisions and contingencies (primarily comprising loan loss provisions), which was partially offset by an increase in operating expenses.
HDFC Bank's net interest income for the quarter shot up 29.2% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HDFC Bank’s Profit Improves

Posted: 20 Oct 2010 05:07 AM PDT

On Tuesday, India’s HDFC Bank (NYSE:HDB) reported fisccal second quarter 2011 (ended September 30, 2010) net earnings of INR57.70 billion (US$1.24 billion),up 14.3% from the prior-year quarter. Results improved primarily due to strong growth in net revenues and decline in provisions and contingencies (primarily comprising loan loss provisions), which was partially offset by an increase in operating expenses.
HDFC Bank's net interest income for the quarter shot up 29.2% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Intel

Posted: 20 Oct 2010 05:07 AM PDT

Last week, Intel Corporation (INTC) reported third quarter earnings that were a couple of cents ahead of the Zacks Consensus. Analysts were clearly expecting much weaker guidance, because there were a large number of upward revisions following the announcement.
Third Quarter Highlights
Intel's better-than-expected earnings were the result of strong revenue performance (particularly in Asia) and an improving mix of high-margin enterprise business, which did not allow material deterioration in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Gains, Rising To Hit Fresh Daily High

Posted: 20 Oct 2010 04:45 AM PDT

Forex Pros – The euro extended gains against its U.S. counterpart on Wednesday, rising to hit a fresh daily high markets steadied following China's unexpected interest rate increase on Tuesday.

EUR/USD hit 1.3848 during European early afternoon trade, a fresh daily high; the pair subsequently consolidated at 1.3844, surging 0.86%.

The pair was likely to find support at 1.3636, the low of October 5 and resistance at 1.4002, Tuesday's high.

On Tuesday, the People's Bank of China said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rude Shock For Amylin

Posted: 20 Oct 2010 04:36 AM PDT

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) suffered a huge setback recently when the US Food and Drug Administration (FDA) issued a second complete response letter (CRL) for Bydureon, Amylin's main pipeline candidate. Amylin and its partners, Eli Lilly and Company (NYSE:LLY) and Alkermes, Inc. (NASDAQ:ALKS), were looking to get Bydureon approved for the treatment of type II diabetes.
 
The latest CRL, which came a few days ahead of the FDA action date, was a complete surprise. At the time of issuing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Rebounds From 7-day Low On U.S. Easing Expectations

Posted: 20 Oct 2010 04:29 AM PDT

Forex Pros – New Zealand's dollar was up against its U.S. counterpart on Wednesday, rebounding from a 7-day low, after three regional Federal Reserve presidents indicated that the bank will begin fresh monetary easing.

NZD/USD hit 0.7492 during European early afternoon trade, a daily high; the pair subsequently consolidated at 0.7481, gaining 0.51%.

The pair was likely to find support at 0.7356, the low of October 5 and resistance at 0.7515, the high of October 15.

Late Tuesday, New … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Balancing Risk Versus Reward Through Asset Allocation With Terry Vaughan Of Hottinger Asset Management Canada

Posted: 20 Oct 2010 04:03 AM PDT

Balancing risk versus return, isn't that what managing a portfolio really boils down to?
Whether you're paying someone to actively manage your portfolio or if you're managing it yourself, what you need to figure out is the amount of risk you can tolerate and then based on your level of risk tolerance, create a portfolio with an optimal mix of asset classes that will maximize returns and minimize risk. This process is called asset allocation and studies have shown that asset allocation … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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