DailyMarkets.com - Breakout Alert! At Least 200-Pip Upside For EUR/USD

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• Breakout Alert! At Least 200-Pip Upside For EUR/USD
• ABC Beats In Q4, Raises 2011 View
• McKesson To Buy US Oncology
• Nile Therapeutics Heart Drug Passes Phase 2
• Cameron’s Profit Continues In 3Q
• Breakout Or Breakdown?
• Forex – EUR/USD Up On Economic Data, Earnings
• “All The Good News Is In…market Topping Out”
• EpiCept
• Newmont Exceeds Estimates
• European Markets Close Higher; Dax Up 0.75%
• EpiCept
• EpiCept
• EpiCept
• MasterCard Outshines, Margins Up
• GM IPO To Raise $10 Billion
• Alere Matches Earnings, Beats Sales
• Energizer Runs Low In 4Q
• Geron Misses Zacks Ests.
• Reserve Bank Of Australia Hikes Interest Rate To 4.75%
• MEMC Misses 3Q Expectations
• Manpower To Outperform
• Hawaiian Electric Misses
• EpiCept
• Marathon Profits Shoot Up
• Archer Daniels Misses Estimate
• Reserve Bank Of India Raises Rates By 25bps
• Aussie Dollar Finally At Parity With The US Dollar!
• AUD/USD Hits 28-Year High As RBA Raises Interest Rate
• Medco Tops, Raises Guidance
• AXIS Capital Beats Estimate
• Forex – Dollar Broadly Lower As Key FOMC Meeting Looms
• Forex – GBP/USD Trims Losses Ahead Of Key FOMC Meeting
• Forex – EUR/USD Soars To Fresh 6-day High Ahead Of FOMC
• Conmed 3Q Profit Rockets
• Autoliv To Open 6th Webbing Plant
• Overseas Shipholding Beats In 3Q
• Forex – USD/CAD Tumbles To 12-day Low As FOMC Looms
• Friday’s Economic Data: Green Light For QE2
• Forest Slips, Raises Guidance
• Tenet Ahead Of Zacks Consensus
• Nicor Misses On EPS, Beats Sales
• M&T Secures Wilmington Trust
• Texas Beats By A Penny
• HCP Reports In Line
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• ASA Staffing Index Returns To Pre-Recession Level
• Mastercard Profits Keep Charging Forward On Growing Global Card Use
• Crude Rallies Above $84 On Dollar Decline
• Forex – EUR/JPY Hits 6-day High As Risk Appetite Sharpens
• Is Obama A Keynesian?
• Forex – EUR/GBP Soars To 3-day High After Weak U.K. Data

Breakout Alert! At Least 200-Pip Upside For EUR/USD Posted: 02 Nov 2010 11:50 AM PDT Calling all euro bulls! The EURUSD pair or the "fiber" as what some people call it has just broken out from a symmetrical triangle. As you can see from its daily chart, the pair has actually reversed its downtrend when it escaped from a cup and handle pattern. It then continued to trade strong before consolidating into a symmetrical triangle for the last two weeks. Given this recent price action, though, I can say that buying the euro and selling the US dollar at the same time would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABC Beats In Q4, Raises 2011 View Posted: 02 Nov 2010 11:35 AM PDT AmerisourceBergen Corporation's (NYSE:ABC) fourth quarter fiscal 2010 earnings of 50 cents per share surpassed the Zacks Consensus Estimate by 2 cents. Earnings increased 13.6% from the year-ago period. The higher earnings in the quarter were primarily attributable to the increase in revenues. Total revenue for the reported quarter climbed 5.3% to $19.7 billion, surpassing the Zacks Consensus Estimate of $19.4 billion. The strong showing was attributable to a 6% growth in AmerisourceBergen Drug … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McKesson To Buy US Oncology Posted: 02 Nov 2010 11:35 AM PDT McKesson Corp. (NYSE:MCK) recently announced its intention to purchase US Oncology, an integrated oncology company. McKesson will acquire all the outstanding shares of US Oncology for cash. The company will also absorb US Oncology's debt of $1.6 billion, valuing the entire deal at $2.16 billion. The companies are looking to close the deal by the end of 2010. The closing is subject to regulatory approval. Excluding transaction and integration costs, McKesson expects this acquisition to be neutral … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nile Therapeutics Heart Drug Passes Phase 2 Posted: 02 Nov 2010 11:35 AM PDT Written By, Jason Napodano, CFA This morning, Nile Therapeutics (NLTX) announced that its lead compound, CD-NP, successfully completed a phase 2a study in patients with acute decompensated heart failure (ADHF) and mild to moderate renal insufficiency.  As a reminder, in July 2010, Nile Therapeutics announced it had completed enrollment in this phase 2a program at 77 patients.  The trial, NIL-CDNP-CT005, was an open-label, single-blind, placebo-controlled study designed to assess the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cameron’s Profit Continues In 3Q Posted: 02 Nov 2010 11:35 AM PDT Oil drilling equipment maker Cameron International Corp. (NYSE:CAM) reported third quarter 2010 earnings per share (excluding special items) of 64 cents, surpassing the prior-year quarter result of 58 cents and the Zacks Consensus Estimate of 60 cents. Considering the integration expense, associated with the NATCO Group acquisition and the litigation costs related to the Deepwater Horizon matter of 3 cents, earning per share in the quarter came at 61 cents, compared with 56 cents in the prior-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Breakout Or Breakdown? Posted: 02 Nov 2010 11:17 AM PDT Fundamentals Ten-Year Notes have bounced ahead of today’s mid-term election, as investors hedge against a possible Democratic victory. Most traders have not gotten political, favoring one party over another, but rather they have lost faith in both parties — in other words, gridlock is good. Normally, most investors have a bias toward the GOP as being good for business, but the failure to regulate effectively has contributed to the current economic situation. On the flipside, some investors may … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up On Economic Data, Earnings Posted: 02 Nov 2010 11:15 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on Manufacturing PMI. EUR/USD was trading at 1.4037, up 1.03% at time of writing. The pair was likely to find support at 1.3779, Thursday's low, and resistance at 1.4058, today's high. Earlier in the day, data showed that the euro zone's manufacturing PMI rose unexpectedly to 54.60 last month, from 54.10 in the preceding month. Analysts had expected the euro zone's manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“All The Good News Is In…market Topping Out” Posted: 02 Nov 2010 11:07 AM PDT 11/02/10 ICAP’s Kenneth Polcari discusses expectations for the mid-term election and Fed QE2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Posted: 02 Nov 2010 11:05 AM PDT EpiCept (EPCT) is a specialty pharmaceutical company that focuses on fulfilling unmet medical needs in cancer treatment and pain management. The Company possesses an approved cancer product and a deep and balanced pipeline of three major clinical product candidates, including: - EpiCept NP-1, a pain medication that has completed Phase II clinical trials - Crolibulin™, an apoptosis inducer for solid vascularized tumors that is currently in Phase I clinical trials - Azixa, an oncology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Newmont Exceeds Estimates Posted: 02 Nov 2010 11:05 AM PDT Mining giant Newmont Mining Corporation's (NYSE:NEM) third quarter 2010 earnings (excluding extraordinary charges) of $534 million or $1.08 per share exceeded the Zacks Consensus Estimate of 95 cents and the prior-year earnings of $387 million or 79 cents per share. Including one-time charges, the company earned $537 million or $1.09 per share, an increase of 38% from the year-ago quarter of $388 million or 79 cents per share. Robust earnings were helped by higher gold prices. Newmont realized … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.75% Posted: 02 Nov 2010 10:55 AM PDT Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 0.75%, London's FTSE 100 gained 1.10%, France's CAC 40 climbed 0.64% and the EURO STOXX 50 was up 0.86%. Earlier in the day, data showed that the euro zone's manufacturing PMI rose unexpectedly to 54.60 last month, from 54.10 in the preceding month. Analysts had expected the euro zone's manufacturing PMI to remain unchanged at 54.10 last month. Meanwhile, on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Posted: 02 Nov 2010 10:35 AM PDT EpiCept (EPCT) is a specialty pharmaceutical company that focuses on fulfilling unmet medical needs in cancer treatment and pain management. The Company possesses an approved cancer product and a deep and balanced pipeline of three major clinical product candidates, including: - EpiCept NP-1, a pain medication that has completed Phase II clinical trials - Crolibulin™, an apoptosis inducer for solid vascularized tumors that is currently in Phase I clinical trials - Azixa, an oncology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Posted: 02 Nov 2010 10:35 AM PDT EpiCept (EPCT) is a specialty pharmaceutical company that focuses on fulfilling unmet medical needs in cancer treatment and pain management. The Company possesses an approved cancer product and a deep and balanced pipeline of three major clinical product candidates, including: - EpiCept NP-1, a pain medication that has completed Phase II clinical trials - Crolibulin™, an apoptosis inducer for solid vascularized tumors that is currently in Phase I clinical trials - Azixa, an oncology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Posted: 02 Nov 2010 10:35 AM PDT EpiCept (EPCT) is a specialty pharmaceutical company that focuses on fulfilling unmet medical needs in cancer treatment and pain management. The Company possesses an approved cancer product and a deep and balanced pipeline of three major clinical product candidates, including: - EpiCept NP-1, a pain medication that has completed Phase II clinical trials - Crolibulin™, an apoptosis inducer for solid vascularized tumors that is currently in Phase I clinical trials - Azixa, an oncology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MasterCard Outshines, Margins Up Posted: 02 Nov 2010 10:35 AM PDT MasterCard Inc.'s (NYSE:MA) third quarter operating earnings per share of $3.94 came in dramatically ahead of the Zacks Consensus Estimate of $3.54 and $3.45 in the year-ago quarter. Net income for the reported quarter was $518 million, up 14.6% from $452 million in the prior-year quarter. Results improved over the prior-year quarter due primarily to better pricing, an increased number of processed transactions and reduced operating expenses, which drove the operating margin higher. However, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM IPO To Raise $10 Billion Posted: 02 Nov 2010 10:35 AM PDT Sources have revealed that General Motors (MTLQQ) will scoop out $10 billion from the stock market through its initial public offering (IPO) of common stock, to be held in November 18, 2010. Each of the 365 million common shares that make up the IPO is expected to sell within $26-$29 range, higher than a forecasted price of $20 to $25, provided by then Chairman Ed Whitacre last month. Post bankruptcy, GM is primarily owned by the U.S. and Canada governments, and by a trust fund providing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alere Matches Earnings, Beats Sales Posted: 02 Nov 2010 10:35 AM PDT Alere (ALR) reported third-quarter 2010 adjusted earnings per share (from continuing operations) of 59 cents, matching the Zacks Consensus Estimate of 59 cents while falling short of the year-ago figure of 74 cents. The company's adjusted results exclude amortization, charges associated with the write-up to fair value of inventory and restructuring charges, among other items.    Revenues Net revenue was $538.7 million in the reported quarter, up 5.1% year over year, and ahead … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Energizer Runs Low In 4Q Posted: 02 Nov 2010 10:35 AM PDT Energizer Holdings Inc. (ENR) reported fourth quarter 2010 non-GAAP earnings of 81 cents per share, well below the Zacks Consensus of 95 cents, based on weak revenue growth in the quarter. Including charges and one-time items, earnings came in at $1.20 per share in the quarter, well above the Zacks Consensus Estimate of 95 cents and up 126.4% year over year from 53 cents in the prior year quarter. Energizer reported earnings per share of $5.60 for the fiscal 2010, on a non-GAAP basis. On a GAAP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Geron Misses Zacks Ests. Posted: 02 Nov 2010 10:35 AM PDT Geron Corporation (NASDAQ:GERN) posted a net loss of 19 cents per share in the third quarter of 2010, a penny below the Zacks Consensus Estimate but a couple of cents above the year-ago loss of 17 cents. Third quarter revenues of $0.5 million were well below the Zacks Consensus Estimate of $1 million and flat from the year-ago period. Quarter in Detail Revenues consisted of $203,000 in revenues from collaborative agreements and $343,000 in the form of royalties and license fees. Geron has several … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of Australia Hikes Interest Rate To 4.75% Posted: 02 Nov 2010 10:30 AM PDT The Reserve Bank of Australia increased the cash rate by 25 bps to 4.75% from 4.50%. The RBA in announcing its decision noted the weight of risks were slanted to inflation with the Australian economy benefiting from a high terms of trade: “However, the economy is now subject to a large expansionary shock from the high terms of trade and has relatively modest amounts of spare capacity. Looking ahead, notwithstanding recent good results on inflation, the risk of inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MEMC Misses 3Q Expectations Posted: 02 Nov 2010 10:25 AM PDT MEMC Electronic Materials Inc. (NYSE:WFR) reported third-quarter 2010 adjusted net income per share of 11 cents, which missed the Zacks Consensus Estimate of 13 cents. Subsequently, shares dipped 6.24% in the after hours. The adjusted figure excludes the impact of restructuring charges, warrant adjustments and non-controlling interests but includes amounts related to direct sales and lease-back from the Solar Energy segment. According to the analysts, weak demand in the semiconductor market may … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manpower To Outperform Posted: 02 Nov 2010 10:25 AM PDT We recently upgraded our recommendation on Manpower Inc. (NYSE:MAN) to Outperform with a price target of $60.00 per share. Earlier we had a Neutral rating on the stock. The company's brand value and strong global network provide a competitive advantage and reinforces its dominant position in the market. Manpower leverages a strong network of about 4,000 offices in 82 countries and serves approximately 400,000 clients. Manpower benefits from growth prospects in under-penetrated staffing markets … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hawaiian Electric Misses Posted: 02 Nov 2010 10:25 AM PDT Hawaiian Electric Industries Inc. (NYSE:HE) announced third-quarter 2010 operating earnings of 35 cents per share, missing both the Zacks Consensus Estimate and the year-ago earnings by 2 cents. The decline in earnings is attributed to weather-driven declines in utility sales. Total Revenue Total revenue of the company at the end of the third quarter was $694.5 million versus $620.3 million in the year-ago quarter, reflecting growth of 12%. Reported results also came in marginally higher than the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EpiCept Posted: 02 Nov 2010 10:25 AM PDT EpiCept (NASDAQ:EPCT) is a specialty pharmaceutical company that focuses on fulfilling unmet medical needs in cancer treatment and pain management. The Company possesses an approved cancer product and a deep and balanced pipeline of three major clinical product candidates, including: - EpiCept NP-1, a pain medication that has completed Phase II clinical trials - Crolibulin™, an apoptosis inducer for solid vascularized tumors that is currently in Phase I clinical trials - Azixa, an oncology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marathon Profits Shoot Up Posted: 02 Nov 2010 10:25 AM PDT Marathon Oil Corporation (MRO) – the fifth largest refiner and marketer of petroleum products in the U.S. – reported a jump in its third-quarter 2010 profits. As has been the case with the larger rivals that have already reported, such as ExxonMobil (XOM), ConocoPhillips (COP), and Royal Dutch Shell PLC (RDS.A), results were boosted by higher fuel prices. Much-improved downstream margins also contributed towards Marathon's strong results. Earnings per share, excluding special items, came … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Archer Daniels Misses Estimate Posted: 02 Nov 2010 10:25 AM PDT Archer Daniels Midland Co.'s (NYSE:ADM) fiscal 2011 first-quarter earnings plunged to $345 million or 54 cents per share from $496 million or 77 cents per share in the year-ago quarter. Quarterly earnings fell short of the Zacks Consensus Estimate of 75 cents per share. The soft quarterly result was primarily due to lower segment profit and negative discrepancy from changing LIFO inventory valuations. Archer Daniels' quarterly net sales increased 12.6% year over year to $16.8 billion, also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of India Raises Rates By 25bps Posted: 02 Nov 2010 10:25 AM PDT The Reserve Bank of India raised the repurchase rate 25bps to 6.25% from 6.00% and also raised the reverse repurchase rate by 25bps to 5.25% from 5.00%. The increase was driven by relatively high inflationary pressure, as well as relatively robust economic growth, however the RBI Governor Duvvuri Subbarao noted that the prospect of further rate hikes in the "immediate future is relatively low." The RBI is likely also conscious of the prospective quantitative easing moves and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aussie Dollar Finally At Parity With The US Dollar! Posted: 02 Nov 2010 09:35 AM PDT The Australian dollar is finally at par with the greenback! Just today, the AUDUSD pair touched and even moved above the magical 1.0000 number after breaking out from a symmetrical triangle. Back in October 4, I asked whether the AUDUSD had the legs to reach for the parity level (kindly see it here). At that time, the pair had just broken out from a rare broadening right triangle formation. The pair then continued to move north before moving sideways for almost two weeks. The inevitable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Hits 28-Year High As RBA Raises Interest Rate Posted: 02 Nov 2010 09:32 AM PDT Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/02/2010) has shot up to continue its entrenched uptrend on the heels of an unexpected interest rate hike by the Reserve Bank of Australia. This bullish move reached all the way back above parity (1.0000), which was last touched in mid-October, before stalling. The high that was just reached today represents a fresh 28-year high for the pair. In the event of continued bullish momentum that rises … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medco Tops, Raises Guidance Posted: 02 Nov 2010 09:05 AM PDT Medco Health Solutions (NYSE:MHS) reported an EPS of 85 cents during the third quarter of fiscal 2010, up 23.2% from the year-ago quarter's 69 cents. After adjusting for amortization of intangible assets, the company's EPS came in at 91 cents, surpassing both the Zacks Consensus Estimate of 88 cents and 21.3% higher than the year-ago quarter's 75 cents. Medco, the largest pharmacy benefit manager (PBM), recorded an increase of 10.3% in revenues to reach $16.3 billion, surpassing the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AXIS Capital Beats Estimate Posted: 02 Nov 2010 09:05 AM PDT AXIS Capital Holdings Limited (NYSE:AXS) reported third-quarter operating income of $1.22 per share, beating the Zacks Consensus Estimate of $1.16 by 6 cents. Results also compared favorably with an operating income of $1.00 per share in the prior-year period. Operating income was $163.5 million in the quarter compared with $151.6 million in the year ago quarter. Including net realized investment gains of $75.3 million or 56 cents per share, the company reported net income of $238.8 million or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower As Key FOMC Meeting Looms Posted: 02 Nov 2010 08:56 AM PDT Forex Pros – The broadly weaker U.S. dollar was down against almost all of the other major currencies on Tuesday, amid speculation over how much quantitative easing the U.S. Federal Reserve planned to implement. During European afternoon trade, the greenback was down against the euro, with EUR/USD soaring 0.90% to hit 1.4018. Earlier in the day, the euro zone's October manufacturing PMI was revised up to 54.6 from 53.7 in September. The greenback was also down against the Swiss franc with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses Ahead Of Key FOMC Meeting Posted: 02 Nov 2010 08:46 AM PDT Forex Pros – The pound trimmed losses against the U.S. dollar on Tuesday, pulling back from a 2-day low as uncertainty over how much quantitative easing the U.S. Federal Reserve could implement weakened the dollar. GBP/USD hit 1.6009 during European afternoon trade, after clawing back up from a daily low of 1.5960, shedding 0.15%. Cable was likely to find support at 1.5876, last Friday's low and resistance at 1.6106, the high of October 15. Earlier Tuesday the pound fell sharply after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Soars To Fresh 6-day High Ahead Of FOMC Posted: 02 Nov 2010 08:37 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, soaring to a fresh 6-day high, amid uncertainty over the scale and potential impact of fresh monetary easing by the Federal Reserve. EUR/USD hit 1.4050 during European afternoon trade, the pair's highest since October 25; the pair subsequently consolidated at 1.4022, leaping 0.93%. The pair was likely to find support at 1.3806, last Friday's low and resistance at 1.4155, the high of October 15 and an 8-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Conmed 3Q Profit Rockets Posted: 02 Nov 2010 08:35 AM PDT Conmed Corporation (NASDAQ:CNMD) reported third quarter fiscal 2010 adjusted (excluding restructuring charges) earnings per share of 34 cents, topping both the Zacks Consensus Estimate and the year-ago earnings of 28 cents. Restructuring expenses include consolidation of three New York manufacturing facilities and the cost of transferring product lines to the company's new manufacturing plant in Chihuahua, Mexico. Net income skyrocketed to $8.8 million (or 31 cents a share), nearly a sevenfold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Autoliv To Open 6th Webbing Plant Posted: 02 Nov 2010 08:35 AM PDT Autoliv Inc. (NYSE:ALV) began the construction of its sixth seatbelt webbing plant in Mysore, near Bangalore in India, with a capacity to produce 100 million meters of webbing per year. It will be the first plant for this seatbelt component in India. Currently, Autoliv has five webbing plants, located in The Netherlands, Romania, Canada, China and Brazil. These plants account for more than 40% of the annual global seatbelt webbing production as, apart from its own plants, the company supplies to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Overseas Shipholding Beats In 3Q Posted: 02 Nov 2010 08:35 AM PDT Overseas Shipholding Group (NYSE:OSG), a leading energy transportation company, reported better-than-expected financial results for the third quarter of 2010. Quarterly Shipping revenue was nearly $260 million, up 6.7% year over year and significantly above the Zacks Consensus Estimate of $219 million. Third quarter Time Charter Equivalent (TCE) revenue was $208.6 million, up 0.6% year over year. The TCE revenue represents Shipping revenue less Voyage expenses. Quarterly net loss was $31.7 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Tumbles To 12-day Low As FOMC Looms Posted: 02 Nov 2010 08:24 AM PDT Forex Pros – The Canadian dollar soared to a 12-day high against its U.S. counterpart on Tuesday as crude oil prices rallied on the back of a broadly weaker U.S. dollar. USD/CAD hit 1.0082 during European afternoon trade, the pair's lowest since October 15; the pair subsequently consolidated at 1.0101, shedding 0.48%. The pair was likely to find support at 1.0011, the low of October 15 and resistance at 1.0201, Monday's high. Earlier in the day, crude oil prices jumped 1.10% to hit a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Friday’s Economic Data: Green Light For QE2 Posted: 02 Nov 2010 08:18 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forest Slips, Raises Guidance Posted: 02 Nov 2010 08:16 AM PDT Denver-based Forest Oil Corporation (NYSE:FST) reported third quarter earnings of 37 cents per share (excluding non-recurring items), well below the Zacks Consensus Estimate of 44 cents and year-ago quarter's earnings of 48 cents. Despite higher sales volumes and lower operating costs, earnings missed our estimate due to lower commodity prices.  Revenues in the reported quarter increased to $210.4 million from the year-earlier level of $177.1 million, but remained below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tenet Ahead Of Zacks Consensus Posted: 02 Nov 2010 08:16 AM PDT Tenet Healthcare Corporation (NYSE:THC) reported its third-quarter adjusted income from continuing operations of $932 million or $1.68 per share, way ahead of the Zacks Consensus Estimate of 5 cents per share. This also compares favorably with income of $2 million in the year-ago quarter, on account of deferred tax benefits and early extinguishment of debt losses, though the soft economy continued to challenge the volume growth and exerted pressure on the operating margin. Tenet's net income was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nicor Misses On EPS, Beats Sales Posted: 02 Nov 2010 08:16 AM PDT Gas distributor Nicor Inc. (NYSE:GAS) reported marginally weaker-than-expected third quarter 2010 results on the back of weakness in its shipping business. Earnings per share, excluding a mercury reserve adjustment, came in at 31 cents, a penny below the Zacks Consensus Estimate. However, revenues came in at $352.5 million, up 8.3% year-over-year and also beat the Zacks Consensus Estimate of $330 million amid gains across the board. Compared to the third quarter of 2009, Nicor's earnings per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

M&T Secures Wilmington Trust Posted: 02 Nov 2010 08:16 AM PDT M&T Bank Corporation (NYSE:MTB) has agreed to buy Wilmington Trust Corporation (NYSE:WL) in a stock-for-stock transaction valued at around $351 million. The deal, which is expected to close by mid-year 2011, would add 48 branch locations in Delaware and 225 ATMs to M&T Bank's network and result in the company operating 800 branches and 2,000 ATMs in 8 states, the District of Columbia and Ontario, Canada.    Deal Details  As per the terms of the agreement, common … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Texas Beats By A Penny Posted: 02 Nov 2010 08:16 AM PDT Texas Roadhouse Inc. (NASDAQ:TXRH), a casual dining restaurant chain, recently posted third quarter 2010 earnings of 19 cents that surpassed the Zacks Consensus Estimate by a penny and escalated 28.0% year over year. The better-than-expected results were driven by comparable-store sales growth, higher traffic and margin expansion. Louisville, Kentucky-based Texas Roadhouse said that total revenue in the quarter climbed 8.5% from the prior-year quarter to $245.6 million. The upside in revenues was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCP Reports In Line Posted: 02 Nov 2010 08:16 AM PDT HCP Inc. (NYSE:HCP), a health care real estate investment trust (REIT), reported third quarter 2010 FFO (funds from operations) of $96.1 million or 31 cents per share, compared with $32.2 million or 11 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding non-recurring items, FFO for the reported quarter was $167.8 million or 54 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 02 Nov 2010 08:15 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 02 Nov 2010 08:15 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ASA Staffing Index Returns To Pre-Recession Level Posted: 02 Nov 2010 07:56 AM PDT The American Staffing Association reported today that: “During the week of Oct. 18–24, 2010, temporary and contract employment increased 0.75%, pushing the ASA Staffing Index up one point to a value of 101.  At a current index value of 101, U.S. staffing employment is 46% higher than the level reported for the first week of the current year and is 22% higher than the same weekly period in 2009 (see chart).” MP: The 101 index reading for the Week 43 matches the same level for two weeks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mastercard Profits Keep Charging Forward On Growing Global Card Use Posted: 02 Nov 2010 02:46 AM PDT 11/02/10 Mastercard Incorporated announced Tuesday that its 3Q net income rose on heavier use of credit and debit cards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rallies Above $84 On Dollar Decline Posted: 02 Nov 2010 07:45 AM PDT 11/02/10 Front month crude rallied this session above $84 following another decline in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Hits 6-day High As Risk Appetite Sharpens Posted: 02 Nov 2010 07:45 AM PDT Forex Pros – The euro was up against the yen on Tuesday, surging to a 6-day high after a surprise interest rate increase by Australia's central bank saw risk appetite sharpen. EUR/JPY hit 113.48 during European afternoon trade, the pair's highest since October 25; the pair subsequently consolidated at 113.22, jumping 1.23%. The pair was likely to find support at 111.76, Monday's low and resistance at 113.77, the high of October 25. Earlier in the day, the Reserve Bank of Australia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Obama A Keynesian? Posted: 02 Nov 2010 07:29 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Soars To 3-day High After Weak U.K. Data Posted: 02 Nov 2010 07:25 AM PDT Forex Pros – The euro was up against the pound on Tuesday, surging to a 3-day high after data showed that the recovery of the UK construction sector peaked in the summer. EUR/GBP hit 0.8768 during European afternoon trade, the pair's highest since October 28; the pair subsequently consolidated at 0.8755, jumping 1.07%. The pair was likely to find support at 0.8651, Monday's low and short-term resistance at 0.8771, the high of October 28. Earlier in the day, data showed that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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