Monday, November 15, 2010

DailyMarkets.com - Best Credit Card For Bad Or No Credit: Public Savings Bank Secured Credit Card

DailyMarkets.com - Best Credit Card For Bad Or No Credit: Public Savings Bank Secured Credit Card

Best Credit Card For Bad Or No Credit: Public Savings Bank Secured Credit Card

Posted: 15 Nov 2010 07:35 AM PST

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If you have a bad credit score or don’t have any credit history, and are looking for a credit card, you will most likely be rejected for most 'traditional' credit cards. Don’t worry though, you’re not alone, 30% of Americans have a bad credit score as a result of economic hardship, losing their job or even missing a few payments. If your goal is to improve your credit score, you should apply for a secured credit card.

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Earnings Scorecard: Tesoro

Posted: 15 Nov 2010 07:20 AM PST

Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010.
Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook.
Earnings Review
On November 4, 2010, Tesoro reported third-quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Tesoro

Posted: 15 Nov 2010 07:20 AM PST

Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010.
Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook.
Earnings Review
On November 4, 2010, Tesoro reported third-quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIG 3Q Disappoints, Exceeds Estimate

Posted: 15 Nov 2010 07:20 AM PST

Companhia Energetica de Minas Gerais (NYSE:CIG), known as CEMIG, reported quite disappointing financial results for the third quarter 2010. Earnings per share was R$0.89 (US$0.51 per ADR) compared with R$0.92 (US$0.49 per ADR) in the third quarter of 2009. Earnings per ADR surpassed the Zacks Consensus Estimate of US$0.44 per ADR.
Net income dipped 2.4% year over year to R$553.3 million (US$314.4 million). The year-over-year decline was primarily due to higher operating and financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caribou Coffee Beats By A Penny

Posted: 15 Nov 2010 07:20 AM PST

Caribou Coffee Company Inc. (NASDAQ:CBOU), the second largest company-owned premium coffeehouse operator in the United States, posted third quarter 2010 earnings of 8 cents per share, beating the Zacks Consensus Estimate by a penny. The third quarter earnings also surpassed the year-ago quarter's 3 cents. The better-than expected results were driven by double-digit growth in top line and higher margin.
Caribou Coffee's net sales in the reported quarter climbed 11.8% to $70.2 million and also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Edges Up

Posted: 15 Nov 2010 07:20 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the inland water rig count.
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 (NBR), Patterson-UTI Energy (PTEN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Hits Daily Low Amid Euro Zone Debt Fears

Posted: 15 Nov 2010 07:11 AM PST

Forex Pros – The euro was down against the yen on Monday, falling to hit a daily low as the common currency was hit by fears that Ireland might soon request lifeline from the European Union.

EUR/JPY hit 112.74 during European afternoon trade, the daily low; the pair subsequently consolidated at 112.82, shedding 0.20%.

The pair was likely to find support at 111.71, the low of November 9 and resistance at 113.77, the high of November 11.

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

Forex Trading: EURJPY Looking To Make A Move? Need To Break Key Support At 112.80

Posted: 15 Nov 2010 07:02 AM PST

Hot Stocks To Know For Monday: Apple, Alcoa, Nvidia, Barrick Gold, Schlumberger, Arcelor Mittal, BHP Billiton, Freeport- McMoRan, Whirlpool, Allied Irish Banks, Genzyme

Posted: 15 Nov 2010 07:01 AM PST

US stocks sank Friday, ending a lackluster week as investors already on edge about global growth prospects became concerned that China could take steps to brake its economy's expansion leading  the S&P 500 Index to its biggest weekly drop in three months. Stockwise  Apple (NASDAQ:AAPL) slipped 2.7percent after Kenneth Heebner, the manager of the top-performing diversified U.S. mutual fund in the past 10 years, sold most of his stake and Alcoa (NYSE:AA), Freeport- McMoRan Copper & … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Rise After The Open; Dow Jones Gains 0.24%

Posted: 15 Nov 2010 07:00 AM PST

Forex Pros – U.S. stocks were up after the open on Monday, following the release of better-than-expected retail sales data and amid increased merger and acquisition activity. 

During early U.S. trade, the Dow Jones Industrial Average gained 0.24%; the S&P 500 index rose 0.19%, while the Nasdaq Composite index was up 0.04%.

Earlier in the day, official data showed that U.S. retail sales rose more-than-expected in October, increasing by a seasonally adjusted 1.2%, after rising by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Trims Gains After Mixed U.S. Economic Data

Posted: 15 Nov 2010 06:51 AM PST

Forex Pros – The Australian dollar trimmed gains against its U.S. counterpart on Monday, retreating from an 10-day low following the release of mixed U.S. data on retail sales and manufacturing.

AUD/USD clawed up from 0.9812, the pair's lowest since November 1, to hit 0.9885 during European afternoon trade, shedding 0.02%.

The pair was likely to find support at 0.9715, the low of October 28 and resistance at 1.0002, last Friday's high.

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

Anadarko Finds Oil In Sierra Leone

Posted: 15 Nov 2010 06:35 AM PST

Oil and natural gas exploration and production company, Anadarko Petroleum Corporation (NYSE:APC), announced that its exploration well, Mercury 1, has discovered oil in offshore Sierra Leone.
The exploration wells were drilled in offshore Sierra Leone-Liberian Basin at a total depth of approximately 15,950 feet in about 5,250 feet of water. Anadarko expects the well to have 135 net feet of oil pay in two Cretaceous-age fan systems.
The new discovery is located in offshore block SL-07B-10, which is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Well-Being Nudges Up Slightly

Posted: 15 Nov 2010 06:35 AM PST

Healthways (NASDAQ:HWAY) and Gallup recently announced the results of the Gallup-Healthways Monthly U.S. Well-Being Report for October 2010. The overall index, The Gallup-Healthways Well-Being Index, stood at 66.5 in October, up very marginally from 66.4 in the preceding month, which was the lowest score year to date in 2010. The minor up-tick in October was driven by a slight upward movement in the component indices, namely, Life Evaluation Index, the Emotional Health Index and Work Environment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Arcelor Mittal, BHP Billiton Limited, Caterpillar, Deutsche Bank AG, EMC, Goldman Sachs Group, Internationa Flavors & Fragrances, Lowe’s Companies, Massey Energy Company, Monsanto Company, Potash Corporation Of Saskatchewan, Union Pacific, Bucyrus International, Isilon Systems, Yahoo!

Posted: 15 Nov 2010 06:35 AM PST

 Caterpillar (NYSE:CAT) announced plans to buy Bucyrus (NASDAQ:BUCY) for $8.6 billion, or $92 per share

 EMC (NYSE:EMC) said it plans to buy Isilon (NASDAQ:ISLN) for $33.85 per share, or $2.25 billion

 ArcelorMittal (NYSE:MT) said it is interested in buying Massey Energy (NYSE:MEE)

 BHP Billiton (NYSE:BHP) withdrew its offer to acquire Potash (NYSE:POT) and moved to reactivate their $4.2 billion share repurchase program

 Lowe’s (NYSE:LOW) reported third quarter of $0.31, compared with Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grainger’s October Sales Moderate

Posted: 15 Nov 2010 06:35 AM PST

W.W. Grainger Inc. (NYSE:GWW) reported October sales growth of 11% year over year. Though remaining positive, growth in October moderated from the preceding months, plunging to the lowest point thus far in this fiscal year. Monthly sales have gradually dropped from the high figures of July, August and September that saw sales climbing 21%, 20% and 18%, respectively.
We believe the results in October 2010 suffered from one less selling day than the prior-year comparable period. As a result, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Erases Gains As Crude Oil Prices Rebound

Posted: 15 Nov 2010 06:24 AM PST

Forex Pros – The U.S. dollar erased gains against its Canadian counterpart on Monday, tumbling to hit a daily low, as crude oil prices rebounded from a 7-day low, spurred on by strong Japanese GDP data.

USD/CAD retreated from 1.0138, the daily high, to hit 1.0058 during European afternoon trade, shedding 0.58%.

The pair was likely to find support at 1.0025, last Friday's low and resistance at 1.0145, Friday's high.

Earlier in the day, crude oil prices surged 0.75% to hit USD 85.44 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 15 Nov 2010 06:18 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: 15 Nov 2010 06:18 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: 15 Nov 2010 06:18 AM PST

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

Euro: Caution

Posted: 15 Nov 2010 06:18 AM PST

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

Dillard Beats On EPS, Sales Fall

Posted: 15 Nov 2010 06:05 AM PST

Dillard’s Inc. (NYSE:DDS), leading fashion apparel, cosmetics and home furnishings retailer, posted third-quarter earnings of 22 cents a share, outpacing the Zacks Consensus Estimate of 6 cents and prior-year quarter loss of 3 cents. 
Dillard's topline (including CDI Contractors, LLC or CDI) fell 1.1% to $1,344.1 million for the third quarter of fiscal 2010 from $1,359.3 million in the year-ago quarter. Comparable same store sales growth was 1.0%. Sales excluding CDI came in at $1,321.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Tesoro

Posted: 15 Nov 2010 06:05 AM PST

Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010.
Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook.
Earnings Review
On November 4, 2010, Tesoro reported third-quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Most Rivals After Mixed U.S. Economic Data

Posted: 15 Nov 2010 05:58 AM PST

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday after the release of mixed U.S. data on retail sales and manufacturing activity.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.45% to hit 1.3630.

Earlier in the day, official data showed that the euro zone's trade balance posted a larger-than-expected surplus in September as export growth outpaced the rise in imports year-on-year.

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

Empire State Manufacturing Index Plunges In November

Posted: 15 Nov 2010 05:45 AM PST

Forex Pros – The New York Federal Reserves index of manufacturing conditions tumbled more-than-expected in November, official data showed on Monday.

In a report, the Federal Reserves Bank of New York said that its general business conditions index fell to -11.1 in November, after rising to 15.7 in October.

Analysts had expected the index to decline to 11.7 in November.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

The report said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Retail Sales Rise More-than-expected

Posted: 15 Nov 2010 05:39 AM PST

Forex Pros – Retail sales in the U.S. rose more-than-expected in October, official data showed on Monday.

In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 1.2% in October, after rising by 0.7% in September, whose figure was revised up from 0.6%.

Analysts had expected retail sales to increase by 0.7% in October.

The report added that core retail sales, which exclude automobile sales, rose in line with expectations, increasing by a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Bank Failures Stretch To 146

Posted: 15 Nov 2010 05:35 AM PST

The ongoing economic volatility took its toll on three more banks last week. Out of the three banks shuttered by the U.S. regulators last Friday, two were based in Georgia and one in Arizona. This brings the total number of bank failures to 146 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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hovers Near 7-week Low As Debt Fears Punish Euro

Posted: 15 Nov 2010 05:09 AM PST

Forex Pros – The euro was down against the pound on Monday, hovering close to a 7-week low as concerns over sovereign debt in peripheral euro zone nations, especially Ireland, weighed on the single currency.

EUR/GBP hit 0.8464 during European afternoon trade, a daily low; the pair subsequently consolidated at 0.8478, shedding 0.20%.

The pair was likely to find support at 0.8388, the low of September 21 and resistance at 0.8551, last Thursday's high.

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

Forex – Pound Slips To Fresh Daily Low Against Broadly Firmer Dollar

Posted: 15 Nov 2010 04:27 AM PST

Forex Pros – The pound extended losses against the U.S. dollar on Monday, slipping to a fresh daily low, as the problems facing peripheral euro zone nations were also seen as negative for the U.K.

GBP/USD hit 1.6042 during European afternoon trade, a fresh daily low; the pair subsequently consolidated at 1.6067, shedding 0.29%.

Cable was likely to find support at 1.5960, the low of November 10 and resistance at 1.6212, the high of November 8.

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

Calling All Auction-Rate Securities Holders…

Posted: 15 Nov 2010 04:15 AM PST

Information is everything!!
A nation of laws will prosper if and only if the adjudication of disputes is handled in a truly robust fashion. This adjudication process should theoretically lead to the drafting and implementation of new legislation. While industry insiders will often lobby to influence this process both in the courts and in our legislative bodies, America needs real statesmen and true heroes who will champion the cause and pursue total truth, real transparency, and unbridled … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AdvisorShares’ Active ETF Assets Cross $100 Million

Posted: 15 Nov 2010 04:00 AM PST

On Nov 11th, AdvisorShares announced in a press release that the assets managed within its 4 actively-managed ETFs now exceed $100 million. AdvisorShares pioneered the launch of many unique strategies including long/short funds and global tactical funds that were previously accessible mainly through hedge funds with high barriers to entry for investors.
AdvisorShares' current position marks a big leap from where it was earlier this year when the company only had one fund on the market whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses As Sovereign Debt Fears Weigh

Posted: 15 Nov 2010 03:52 AM PST

Forex Pros – The euro extended losses against the U.S. dollar on Monday, falling to a fresh daily low as the debt issues of peripheral euro-zone countries continued to weigh on the single currency.

EUR/USD hit 1.3603 during European morning trade, a fresh daily low; the pair subsequently consolidated at 1.3619, shedding 0.52%.

The pair was likely to find support at 1.3559, the low of September 30 and resistance at 1.3973, the high of November 9.

Over the weekend Ireland came under pressure … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Extends Decline As Concerns Regarding Fiscally Troubled Countries Linger

Posted: 15 Nov 2010 03:45 AM PST

       

Fundamental Headlines
• Fed's Bond Plan Faces Fresh Attack – Wall Street Journal
• Irish Resist EU Push to Accept Bailout – Wall Street Journal
• Japan Grows as Stimulus Spurs Spending – Financial Times
•Greece's Deficit Revised to Largest in EU as Debt Tops Italy's – Bloomberg
•Options Showing Quantitative Easing Working Before it Begins – Bloomberg
EURUSD: Trade balance in the 16 member euro area widened to 2.9 billion euro's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Economy: Whereto From Here?

Posted: 15 Nov 2010 03:40 AM PST

U.S. manufacturing production is inching ahead and is likely to pick up by the end of the year. The same can be said about the economy as a whole. Although the Fed's quantitative easing is likely to further boost the economy in the short term, the economy remains at the mercy of China and the Eurozone. The effective coupling of the yuan to the U.S. dollar has inflationary consequences for China as a lower dollar against the yen and euro effectively boosts commodity prices. This was already … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Tumbles To 9-day Low After Key Remarks

Posted: 15 Nov 2010 03:26 AM PST

Forex Pros – New Zealand's dollar was down against its U.S. counterpart on Monday, after New Zealand's prime minister said that the country's currency was overvalued against the U.S. dollar.

NZD/USD hit 0.7684 during European morning trade, the pair's lowest since November 2; the pair subsequently consolidated at 0.7715, shedding 0.22%.

The pair was likely to find support at 0.7633, the low of November 2 and resistance at 0.7810, last Friday's high.

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

Technical Talk: Correcting Some Excess Bullishness

Posted: 15 Nov 2010 03:15 AM PST

The comments below were provided by Kevin Lane of Fusion IQ.
As seen in the chart below the S&P 500 Index pulled back to its uptrend line near 1,194 (green line) on Friday. Just underneath this uptrend is secondary minor support in the 1,187 to 1,181 range (red lines). At this point the recent sell-off appears to be correcting an overbought and slightly near-term over-bullish sentiment trade.
Though things may get a bit slippery, we aren't expecting a huge sell-off at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China PMIs For October: Surprised On The Upside But …

Posted: 15 Nov 2010 03:14 AM PST

China's CFLP manufacturing and non-manufacturing PMIs for October came in better than I had expected. Although October tends to be a somewhat weaker month from a seasonal perspective, the manufacturing PMI rose to 54.7 from 53.8.

Sources: Li & Fung; Plexus Asset Management.
The non-manufacturing PMI followed a trend similar to that of 2008 and registered 60.5 compared to 61.7 in September.

Sources: Li & Fung; CFLP; Plexus Asset Management.
The GDP-weighted PMI (manufacturing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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