Monday, November 22, 2010

DailyMarkets.com - 5 Credit Card Tips: Want To Get A Sapphire Engagement Ring Like The One Prince William Gave To Kate Middleton?

DailyMarkets.com - 5 Credit Card Tips: Want To Get A Sapphire Engagement Ring Like The One Prince William Gave To Kate Middleton?


5 Credit Card Tips: Want To Get A Sapphire Engagement Ring Like The One Prince William Gave To Kate Middleton?

Posted: 22 Nov 2010 07:35 AM PST

Most men who decide to buy an engagement ring for their someone special usually have to buy it on their credit cards, although a handful of them may give a family heirloom instead of buying a new one. Prince William certainly didn’t have to use his credit card as he presented his mother Princess Diana’s engagement ring to Kate Middleton, his long-time girlfriend since university days.

When Kate showed off the engagement ring with its oval blue sapphire surrounded by a cluster of 14 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: TSN, POT, HUM, NOVL

Posted: 22 Nov 2010 07:18 AM PST

11/22/10 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


Senior Notes From Boston Properties

Posted: 22 Nov 2010 07:05 AM PST

Boston Properties Inc. (NYSE:BXP), a leading real estate investment trust (REIT), has recently completed a debt offering of $850 million aggregate principal amount of 4.125% senior unsecured notes due 2021 to raise cash and repay debt.
The debt offering is managed by J.P. Morgan Securities LLC – the investment banking arm of JPMorgan Chase & Co. (NYSE:JPM); Citigroup Global Markets Inc. – the brokerage and securities arm of Citigroup Inc. (NYSE:C); Morgan Stanley & Co. Incorporated – the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BSX To Acquire Sadra Medical

Posted: 22 Nov 2010 07:05 AM PST

Recently, leading medical devices company, Boston Scientific (NYSE:BSX), decided to acquire California based Sadra Medical, a development stage company.  Apart from an upfront payment of $225 million, Boston Scientific is liable to pay another $225 million on achievement of certain milestones through 2016. Based on the company's current 14% stake in Sadra the actual upfront payment works out to $193 million in addition to $193 million of potential milestone payment.
The transaction, subject … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Mixed On Euro Zone Debt Contagion; Dow Jones Sheds 0.22%

Posted: 22 Nov 2010 07:03 AM PST

Forex Pros – U.S. stocks were mixed after the open on Monday, as shares in the financial and commodity sectors led markets lower, amid ongoing concerns over euro zone sovereign debt contagion.

During early U.S. trade, the Dow Jones Industrial Average fell 0.22%; the S&P 500 index shed 0.13%, while the Nasdaq Composite index was up 0.61%.

Shares in the financial sector led markets lower as enthusiasm over a resolution to bail out Ireland ebbed amid ongoing fears over the debt problems of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Pares Gains As Risk Sentiment Turns Negative

Posted: 22 Nov 2010 06:57 AM PST

Forex Pros – The Australian dollar pared gains against its U.S. counterpart on Monday, retreating from a 6-day high as risk appetite was hit by talk of additional downgrades for Irish debt and a call for an Irish national election in January.

AUD/USD retreated from 0.9953, the pair's highest since November 12 to hit 0.9894 during European afternoon trade, gaining 0.30%.

The pair was likely to find support at 0.9725, the low of November 17 and resistance at 1.0002, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tyson Foods Cooks Up A Strong Fiscal 4Q

Posted: 22 Nov 2010 01:56 AM PST

11/22/10 Meat producer Tyson Foods Inc. announced monday that it returned to a profit during its fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Erases Losses As Crude Oil Prices Tumble

Posted: 22 Nov 2010 06:36 AM PST

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Monday, retreating from a 4-day low as crude oil prices tumbled amid increased risk aversion.

USD/CAD clawed up from 1.0121, the pair's lowest since November 16 to hit 1.0169 during European afternoon trade, gaining 0.02%.

The pair was likely to find support at 1.0069, the low of November 16 and resistance at 1.0233, last Friday's high.

Earlier in the day, crude oil prices tumbled 0.75% to hit USD 81.41 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Tree Beats On Solid Sales

Posted: 22 Nov 2010 06:35 AM PST

Dollar Tree Inc. (NASDAQ:DLTR) reported third quarter earnings per share of 73 cents, beating the Zacks Consensus Estimate of 62 cents and the prior-year figure of 51 cents. The quarter was aided by robust sales attributable to increased traffic and higher average ticket.
The company reported consolidated net sales of $1.43 billion in the reported quarter, a 14.2% increase from the $1.25 billion last year. Comparable store sales increased 8.7% against a 6.5% increase in the year-ago period. Food, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: American International Group, Atwood Oceanics, Exxon Mobil, Goldman Sachs Group, Time Warner, Tyson Foods, Wells Fargo & Company, Energy XXI (Bermuda) Limited, Intel, Salix Pharmaceuticals, Ltd., Tech Data Corporation

Posted: 22 Nov 2010 06:35 AM PST

 Tyson (NYSE:TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion

 Tech Data (NASDAQ:TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates of $5.79 billion

 AIG (NYSE:AIG) put is rail car leasing unit up for sale

 Energy XXI (NASDAQ:EXXI) will pay $1.01 billion for ExxonMobil (NYSE:XOM) properties in the Gulf of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Viacom Inc.

Posted: 22 Nov 2010 06:35 AM PST

Viacom Inc. (VIA.B) reported strong financial results for the fourth quarter of fiscal 2010 exceeding the Zacks Consensus Estimate. The company also decided to sell its loss making video game division Harmonix, which developed the Rock Band video game brand to further improve the company's bottom line going forward. During the previous quarter, this division generated a negative EBITDA of $65 million. Management also decided to reduce headcount by 53 in its Paramount Pictures division.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 22 Nov 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Japanese Yen: Under Pressure

Posted: 22 Nov 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


British Pound: Capped By A Negative Trend Line

Posted: 22 Nov 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro: Key ST Resistance At 75

Posted: 22 Nov 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Erases Gains As Ireland Rally Fades

Posted: 22 Nov 2010 06:14 AM PST

Forex Pros – The euro erased gains against the pound on Monday, retreating from an 8-day high as a rally sparked by Ireland's request for a bailout fizzled out amid concerns about possible contagion to other highly indebted euro zone states.

EUR/GBP hit 0.8546 after retreating from 0.8596, the pair's highest since November 10 during European afternoon trade, shedding 0.10%.

The pair was likely to find support at 0.8474, the low of November 17 and resistance at 0.8637, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD And USDJPY 1 Pip Wide

Posted: 22 Nov 2010 06:10 AM PST

The EURUSD and USSDJPY spreads have been narrowed to 1 pip wide in NY trade this morning as liquidity conditions improve in the two … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WPP Group Acquires TAXI

Posted: 22 Nov 2010 06:06 AM PST

Ireland-based advertising titan WPP Group plc (NASDAQ:WPPGY), through its wholly-owned subsidiary, Young & Rubicam Brands, acquired the assets of TAXI Canada, Inc., in Canada. In addition, share capitals of TAXI's subsidiaries in the United States and the Netherlands were acquired for an undisclosed amount.
Young & Rubicam Brands is primarily engaged in advertising; branding and identity; direct, digital, promotion and relationship marketing; health care communications; public relations … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Positive Data On Pfizer’s Axitinib

Posted: 22 Nov 2010 06:06 AM PST

Pfizer Inc. (NYSE:PFE) recently announced positive data on its kidney cancer candidate, axitinib. Results from a phase III study (AXIS 1032) showed that axitinib significantly extended progression free survival (PFS) compared to Onyx Pharma/Bayer's (BAYRY) Nexavar in previously treated patients with metastatic renal cell carcinoma (mRCC). Results also indicated a manageable safety profile for axitinib.
Pfizer intends to work with regulatory authorities to determine the regulatory path forward … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Rig Count Retreats

Posted: 22 Nov 2010 05:35 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting decreases in the land and offshore rig counts for natural gas drilling.
The Baker Hughes rig counts, issued since 1944, act as an important yardstick for drilling contractors like Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fitch Ratings Downgrade Nokia

Posted: 22 Nov 2010 05:35 AM PST

Nokia Corp. (NYSE:NOK), the struggling mobile phone manufacturer, has recently received a major blow as the rating firm Fitch Ratings has downgraded its debt rating and provided a negative outlook. Fitch downgraded Nokia's long-term Issuer Default Rating (IDR) and senior unsecured rating by one notch to 'BBB+' from 'A-'. However, the existing 'F2' rating for the short-term IDR remains. Importantly, Fitch downgraded Nokia's long-term IDR outlook to negative indicating the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests 200 Hour MA At 1.3647

Posted: 22 Nov 2010 05:16 AM PST

Video Pending
A break below will next target the 1.3607-15 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bio-Path (BPTH) Unique Drug Delivery Technology With Great Potential

Posted: 22 Nov 2010 05:09 AM PST

Grant Zeng, CFA

Bio-Path Holdings, Inc. ( BPTH )is a development stage biotech company. The Company was founded with technology from The University of Texas, MD Anderson Cancer Center dedicated to developing novel cancer drugs under an exclusive license arrangement. Since its inception, the Company has acquired three exclusive licenses from MD Anderson Cancer Center for three lead products and related nucleic acid drug delivery technology, including tumor targeting technology.
 
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Against Rivals As Irish Rally Fades

Posted: 22 Nov 2010 05:09 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals on Monday, as a rally sparked by Ireland's request for a financial bailout faded amid concerns over the debt problems of other euro zone nations.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.3648.

The amount of European Union and International Monetary Fund aid for Ireland has yet to be decided. Earlier in the day, Ireland's Finance Minister Brian Lenihan … [visit site to read more] or compare Best Credit Cards and Best CD Rates


More Bank Failures, Tally Hits 149

Posted: 22 Nov 2010 05:08 AM PST

The ongoing economic volatility took its toll on three more banks last week. The banks shuttered by the U.S. regulators last Friday were based in Florida, Pennsylvania and Wisconsin.This brings the total number of bank failures to 149 so far in 2010, compared to 140 in 2009, 25 in 2008 and just 3 in 2007.
While the bigger banks benefited greatly from the various programs launched by the government, many smaller banks are still struggling. Tumbling home prices, soaring loan defaults and a high … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Federal Reserve: Increasingly Defensive And Admits Structural Issues

Posted: 22 Nov 2010 04:55 AM PST

The Federal Reserve may be America's greatest enigma.
The Fed would clearly much prefer to remain opaque in the midst of our current economic turmoil. However, even the 'all powerful' Fed is unable to withstand the pressure from those seeking answers and clarity while navigating our economic landscape.
I have often tried to highlight the Fed's shortcomings and inconsistencies. From the Fed's overly optimistic economic projections to its unwillingness to openly admit the ongoing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Pound Erases Gains Vs. Dollar As Relief Rally Ebbs

Posted: 22 Nov 2010 04:49 AM PST

Forex Pros – The pound erased gains against the U.S. dollar on Monday, retreating from the daily high, as the relief rally sparked after Ireland’s aid request ebbed amid ongoing fears over the debt problems of other euro zone nations.

GBP/USD hit 1.5976 after retreating from 1.6084, the daily high, during European afternoon trade, shedding 0.03%.

Cable was likely to find support at 1.5886, the low of November 18 and resistance at 1.6153, the high of November 15.

The amount of European … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Monday: Genzyme, BP, Sanofi Aventis, Lloyds, Rolls Royce, Tesco, Novartis

Posted: 22 Nov 2010 04:47 AM PST

Rolls Royce (RR.L) – Co. said it has won an order from Air China worth USD 1.8bln to provide engines for 20 new aircraft. (RTRS)

UK

BP (NYSE:BP) – A federal officer asked a judge to revoke co.’s criminal probation stemming from a Prudhoe Bay oil spill in 2006, a move that could lay co. open to new penalties in addition to the conviction it received after the incident. (WSJ)

Lloyds (NYSE:LYG) – Co. is estimated to have GBP 30bln of loans and assets in Ireland. (Sunday Express) In other … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Euro Trims Gains Against Dollar As Relief Rally Fizzles Out

Posted: 22 Nov 2010 04:04 AM PST

Forex Pros – The euro trimmed gains against the U.S. dollar on Monday, retreating from a 7-day high as a relief rally fizzled out amid lingering concerns over budgetary worries in peripheral euro zone nations.

EUR/USD retreated from 1.3786, the pair's highest since November 11 to hit 1.3688 during European morning trade, gaining 0.10%.

The pair was likely to find support at 1.3607, last Friday's low and resistance at 1.3937, the high of November 9.

The amount of European Union and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oppenheimer Considers Active ETF Space, Mutual Fund Conversion Possibility

Posted: 22 Nov 2010 04:00 AM PST

As reported by InvestmentNews, OppenheimerFunds is contemplating entering the actively-managed ETF space by converting existing mutual funds into Active ETFs. William Glavin, President and CEO of Oppenheimer, spoke at the Money Management Institute's conference in New York last week.
Glavin said that Oppenheimer has been considering the Active ETF space for a long time and if they do go down the conversion path, they wouldn't just be launching clone versions of their existing 65 funds. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neuberger Berman Latest Entrant In Active ETF Arena

Posted: 22 Nov 2010 03:59 AM PST

Neuberger Berman, an asset management firm based out of New York, has filed with the SEC to launch actively-managed ETFs. The firm's filing contained generic details on what type of assets the funds may invest in and what investment strategies it may employ. Firms at this stage of the product development process try to keep their application for exemptive relief from the SEC generic and broad so that if granted, the managers have enough flexibility in the types of investment strategies they … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Investor Sentiment: Happy Thanksgiving

Posted: 20 Nov 2010 02:57 PM PST

It is hard to envision how any one data point will matter in this holiday shortened week.  Nonetheless, looking beyond next week, I will repeat what I stated last week: “If the market hasn’t topped out already, it should do so within a couple of percent of the recent highs.  Rallies should be sold and stops tightened up.  The market is prone to sudden sell offs.  There will be better risk adjusted opportunities to buy in the future.”

If you bought the hype and bought the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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