Monday, November 8, 2010

DailyMarkets.com - Chase Freedom Credit Card – $50 Bonus Cashback: One Of The Best Cash Back Credit Cards?

DailyMarkets.com - Chase Freedom Credit Card – $50 Bonus Cashback: One Of The Best Cash Back Credit Cards?


Chase Freedom Credit Card – $50 Bonus Cashback: One Of The Best Cash Back Credit Cards?

Posted: 08 Nov 2010 07:30 AM PST

Read this before you apply for this card!

Cash back cards are my favorite type of rewards credit cards as they let you get back a certain percentage of what you spend in cold, hard cash. The Chase Freedom Visa – $50 Bonus Cash Back credit card is designed for those of you who like to get back a percentage of what you spend in the form of cash back. It lets you get up to 5% cash back on your purchases, and also have an offer for new cardmembers whereby you get $50 after making your first … [visit site to read more] or compare Best Credit Cards and Best CD Rates


King Pharma Disappoints

Posted: 08 Nov 2010 07:05 AM PST

In a filing with the US Securities and Exchange Commission (SEC), King Pharmaceuticals Inc. (NYSE:KG) reported third-quarter earnings of 16 cents per share, a penny below the year-ago earnings. The Zacks Consensus Estimate was 19 cents.
Revenues fell 19.2% to $374.5 million mainly due to the lackluster performance of several key products and the entry of two generic versions of Skelaxin. Revenues, however, exceeded the Zacks Consensus Estimate by $7.5 million.
Quarter in Detail
King Pharma’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Berkshire Gains On Higher Revenues

Posted: 08 Nov 2010 07:05 AM PST

Berkshire Hathaway's (BRK.A) (BRK.B) third-quarter operating earnings of $1.13 per share were a penny ahead of the Zacks Consensus Estimate of $1.12 per share. Earnings, however, compared favorably to 88 cents per share reported in the prior-year quarter.
Results of the conglomerate were positively affected by a more than twofold increase in operating earnings from its non-insurance businesses – Utilities & Energy and Manufacturing, Service & Retailing. Its insurance business, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Teva Beats On Earnings

Posted: 08 Nov 2010 07:05 AM PST

Teva Pharmaceutical Industries' (NASDAQ:TEVA) third quarter earnings of $1.30 per American Depository Share (ADS) were above the Zacks Consensus Estimate of $1.27 and the year-ago earnings of 89 cents.
Teva's top-line performance remained strong with revenues increasing 19.7% to $4.3 billion, in-line with the Zacks Consensus Estimate. Contribution from the ratiopharm acquisition, strong sales of Copaxone and generics boosted revenues and helped offset the negative impact of currency fluctuations … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Tumbles To 2-day Low As U.S. Dollar Rallies

Posted: 08 Nov 2010 06:54 AM PST

Forex Pros – New Zealand's dollar was down against its U.S. counterpart on Monday, tumbling to hit a 2-day low, as the greenback rallied following Friday's better-than-expected data on U.S. non-farm payrolls.

NZD/USD hit 0.7850 during European afternoon trade, the pair's lowest since November 4; the pair subsequently consolidated at 0.7865, tumbling 1.12%.

The pair was likely to find support at 0.7700, the low of November 3, and resistance at 07974, the high of November 4 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Hits 4-day Low As Euro Zone Debt Fears Loom

Posted: 08 Nov 2010 06:37 AM PST

Forex Pros – The euro was sharply lower against the yen on Monday, tumbling to a 4-day low, as renewed euro zone sovereign debt fears weighed on the single currency.

EUR/JPY hit 112.67 during European afternoon trade, the pair's lowest since November 2; the pair subsequently consolidated at 113.16, tumbling 0.74%.

The pair was likely to find support at 111.86, the low of November 2 and resistance at 115.03, last Friday's high.

Earlier Monday, European Union Commissioner Olli Rehn was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Brand Index Investing

Posted: 08 Nov 2010 06:37 AM PST

By Larry of intelligentinvestors.org
In my post last month I discussed a passive investing strategy that (if used with discipline) could result in phenomenal gains.  Sticking with that theme I developed a strategy I call "Brand Index Investing."  This is a passive investing strategy that utilizes Interbrand's "Best Global Brands" ranking system, finds the lowest priced stocks, and then trades based on that information.
Interbrand uses a proprietary ranking system based on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Foster Wheeler Slips

Posted: 08 Nov 2010 06:36 AM PST

Foster Wheeler AG (NASDAQ:FWLT) reported third-quarter earnings from continuing operations of 40 cents, below the Zacks Consensus Estimate of 51 cents. Earnings declined sharply from continuing operations of 71 cents in the prior-year quarter. It is primarily due to market-related declines from the volume of work executed in both business groups, coupled with lower realized EBITDA margin in Engineering and Construction Group.
Consolidated revenue was $904.7 million compared with $1,216 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hain Celestial’s Earnings Climb

Posted: 08 Nov 2010 06:36 AM PST

The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products,  has posted first-quarter 2011 financial results.
Quarterly earnings of 25 cents a share remained in line with the Zacks Consensus Estimate, but climbed 13.6% from 22 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 21 cents a share compared with 20 cents earned in the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Ashland, Boeing Company, Frontier Communications Company, Jefferies Group, Simon Property Group, UBS AG, United Technologies, Amazon.com, Intel, Yahoo!

Posted: 08 Nov 2010 06:35 AM PST

 UBS (NYSE:UBS) upgraded Intel (NASDAQ:INTC) to "buy" from “neutral,” taking the price target to $25 from $20

 Shares of Boeing (NYSE:BA) weakened after reports in the Aviation Week asserted the firm had alerted several early Dreamliner customers of delays of up to ten months. However, the firm received orders for 20 aircrafts from Saudi Arabia Airline, with options for an additional 10

 Reports say AOL (AOL) is exploring options including a tie-up with Yahoo … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Falls To 2-day Low As Greenback Firms Up

Posted: 08 Nov 2010 06:26 AM PST

Forex Pros – The Australian dollar snapped seven days of gains against its U.S. counterpart on Monday, falling to hit a 2-day low as the greenback firmed up after Friday's significantly better-than-expected U.S. jobs data.

AUD/USD hit 1.0080 during European afternoon trade, the pair's lowest since last Thursday; the pair subsequently consolidated at 1.0099, shedding 0.60%.

The pair was likely to find support at 0.9891, last Wednesday's low and resistance at 1.0182, Friday's high and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 08 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: Capped By A Negative Trend Line

Posted: 08 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: 08 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: Under Pressure

Posted: 08 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


Pride Tops, Deepwater Improves

Posted: 08 Nov 2010 06:06 AM PST

Pride International Inc. (NYSE:PDE) reported better-than-expected third-quarter earnings of 33 cents per share, compared with the Zacks Consensus Estimate of 28 cents. However, the quarter's results dropped considerably from 48 cents reported in the year-earlier period.
The company reported total revenue of $346.2 million, down 10% year over year, but in line with the Zacks Consensus Estimate.
Segmental Performance
Pride's Deepwater revenue increased nearly 13% year over year to $216.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Denbury Meets Zacks Estimate

Posted: 08 Nov 2010 05:45 AM PST

Denbury Resources Inc. (NYSE:DNR) reported third-quarter earnings of 13 cents per share (excluding one-time items), which was in line with the Zacks Consensus Estimate. However, the quarterly figure came in below the year-earlier profit of 16 cents.
Total revenue increased substantially to $466.7 million from the year-ago level of $227.2 million and also surpassed the Zacks Consensus Estimate of $432 million.
Operational Performance
Production during the quarter averaged 77,730 oil-equivalent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Hits New Daily High After Weak Canadian Data

Posted: 08 Nov 2010 05:41 AM PST

Forex Pros – The U.S. dollar extended earlier gains against its Canadian counterpart on Monday, surging to a fresh daily high, following the release of worse than expected Canadian data on housing starts.

USD/CAD hit 1.0055 during European afternoon trade, a daily high; the pair subsequently consolidated at 1.0048, gaining 0.45%.

The pair was likely to find support at 0.9990, last Friday's low and resistance at 1.0089, Friday's high.

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


Toyota’s Profit Quintuples

Posted: 08 Nov 2010 05:35 AM PST

Toyota Motor Corp. (NYSE:TM) revealed a fivefold increase in profit to ¥115.5 billion ($1.34 billion) or ¥31.47 per share (37 cents) in the second quarter of its fiscal 2011 ended March 31, 2011 from ¥22.19 billion ($258.26 million) or ¥6.96 per share (8 cents) in the same quarter of previous fiscal year. The profit was boosted by marketing strategy as well as cost reduction measures incorporated by the company during the quarter.
Consolidated revenues in the quarter ascended 6% to ¥4.81 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Macerich Beats Marginally

Posted: 08 Nov 2010 05:35 AM PST

The Macerich Company (NYSE:MAC), a fully integrated real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $93.3 million or 66 cents per share, compared with $88.7 million or 97 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. The reported FFO for the quarter beat the Zacks Consensus Estimate by 2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hercules Surpasses Marginally

Posted: 08 Nov 2010 05:35 AM PST

Hercules Technology Growth Capital Inc.'s (NASDAQ:HTGC) third quarter 2010 distributable net operating income (DNOI) came in at 25 cents per share, up from the Zacks Consensus Estimate of 23 cents. However, this compares unfavorably with the DNOI of 31 cents in the prior-year quarter.

Results for the reported quarter were negatively impacted primarily by a year-over-year increase in operating expenses and higher net realized loss on investments. However, Hercules ended the quarter with a strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates


One Vote Can Decide Outcome

Posted: 08 Nov 2010 05:22 AM PST

A ”wet-dry” vote in Alabama was decided by a single vote: 219-218. 

HT: Division of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ocwen Beats Estimate

Posted: 08 Nov 2010 05:20 AM PST

Ocwen Financial Corporation(NYSE:OCN) reported adjusted second quarter 2010 earnings of 24 cents per share, substantially higher than the Zacks Consensus Estimate of 13 cents.
Results in the quarter showed an improvement mainly due to a rise in total revenue and interest income. However, an increase in operating costs and interest expense were the downside.
Including one-time pre-tax charges of $33.9 million related to the HomEq acquisition and $20.1 million of litigation expenses related to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canada Housing Starts Fall More-than-expected

Posted: 08 Nov 2010 05:20 AM PST

Forex Pros – Canadian housing starts fell more-than-expected in October, industry data showed on Monday.

In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts fell to 168,000 units in October, down from 185,000 units in September, whose figure was revised from 186,000 units.

Economists had expected housing starts to decline to 180,000 units in October.

Commenting on the report, chief economist at CMHC's Market Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Percent Of Population On Facebook By State

Posted: 08 Nov 2010 05:13 AM PST

Via Google Fusion Tables, showing that the percent of state populations on Facebook ranges from 16.04% in New Mexico to 40.45% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Tumbles To 1-month Low After Weak German Data

Posted: 08 Nov 2010 04:11 AM PST

Forex Pros – The euro extended early losses against the pound on Monday, tumbling to a 1-month low, following the release of worse-than-expected German industrial production data.

EUR/GBP hit 0.8619 during European early afternoon trade, the pair's lowest since September 30; the pair subsequently consolidated at 0.8626, shedding 0.50%.

The pair was likely to find support at 0.8560, the low of September 30 and resistance at 0.8776, last Friday's high.

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


How Fully-Transparent Active ETFs Are Being Managed Effectively

Posted: 08 Nov 2010 04:00 AM PST

The daily transparency required of actively-managed ETFs in the US has been one of the main selling points of these new products, while at the same time being probably the biggest hurdle discouraging many active managers from embracing this relatively new structure. Since they were approved in 2008 by the SEC, actively-managed ETFs in the US have been required by regulation to disclose all their portfolio holdings publicly, with a 1-day lag. In other words, before markets open every day, every … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EURUSD Extends Friday’s Losses Amid Debt Concerns

Posted: 08 Nov 2010 03:45 AM PST

Fundamental Headlines
• Europe's Markets Edge Lower – Wall Street Journal
• Debt Concerns Hit Euro – Wall Street Journal
• Obama Defends QE2 Ahead of G20 – Financial Times
• Irish Fight To End Bond "Buyers Strike" as EU Examines Budget- Bloomberg
•IG-20 Spat Risk Eases as U.S. Eschews Pushing Targets – Bloomberg
EURUSD: Investor Confidence in the 16 member euro area topped expectations as figures rose to 14.0B in September from a revised 5.0B the month prior, reaching a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Is The Fed Really Buying?

Posted: 08 Nov 2010 03:41 AM PST

Quantitative easing is merely another tool to adjust monetary policy, correct? Perhaps. The question begs, then, after an initial round of a trillion-plus quantitative easing failed to stimulate the economy why should we expect any differently this time. Great question. Let's navigate.
Quantitative easing involves the purchase of Treasury and mortgage securities by the Federal Reserve in an attempt to inject liquidity into the system, prop asset prices, and spur consumer demand. Or so they … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Sharply Lower As Renewed Debt Fears Hit Euro

Posted: 08 Nov 2010 03:18 AM PST

Forex Pros – The euro extended early losses against the U.S. dollar on Monday, falling to a fresh 4-day low amid renewed concerns over euro zone sovereign debt ahead of a visit by European Union Commissioner Olli Rehn to Dublin.

EUR/USD hit 1.3893 during European morning trade, the pair's lowest since November 2; the pair subsequently consolidated at 1.3902, tumbling 0.93%.

Rehn was visiting the Irish capital to discuss the country’s plans for fiscal austerity. The country’s main … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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