DailyMarkets.com - Currency Manipulation: Two Sides To Every Coin
DailyMarkets.com - Currency Manipulation: Two Sides To Every Coin |
- Currency Manipulation: Two Sides To Every Coin
- Four Ways To Monitor The US Dollar And Risk Trade
- Fred’s Posts Healthy Sales
- Accuray Lowered To Underperform
- Cemig Downgraded To Underperform
- News Corp To Buy Wireless Generation
- Whitney Tilson On Insider Trading
- KMP Remains On Growth Path
- How The Last Recession Shaped Up
- AIG’s Exchange Offer Under-Tendered
- AMAG Avoids Black Box Warning
- Forex Levels And Outlook For 30 November 2010: EUR/USD, GBP/USD, USD/JPY
- ADC Telecommunications Outperforms
- Domain Names Grow At VeriSign
- Coffee War Brewing As Starbucks – Kraft Rift Widens
- Did ‘Black Friday’ Mark The High For Retail Stocks?
- The End Of The US Dollar’s Rally?
- EUR/USD – Continued Steep Bearish Bias
- Repsol May Reduce YPF Interest
- Vale’s Secondary Public Offer
- 2nd Leg Of Home Price Declines Underway
- The Showdown On Tax Cuts For The Rich
- Digital Realty Gets Awarded
- GM Sells Steering Biz To China
- Oil Drops As Euro Decline Continues
- Forex Trading: EURUSD In Between Intraday Resistance And Support
- Dull Fiscal 2010 At Beacon
- CHK Scoops Eagle Ford Acreages
- Toyota To Recall 650,000 Prius
- CAT To Source Parts From China
- Trial Design Set For MDCO Candidate
- Myriad Stays Neutral
- Australian Dollar: Key ST Resistance At 10725
- Canadian Dollar: The Downside Prevails
- Trying To Find A Bottom
- Mercado Abre A La Baja
- Lowe’s Affirms 2010 Earnings Forecast
| Currency Manipulation: Two Sides To Every Coin Posted: 30 Nov 2010 11:57 AM PST Recently, currency manipulation has garnered headline attention. We have been constantly bombarded with rhetoric out of Washington: "China isn't allowing its currency to appreciate fast enough"; "China's exchange rate policies are stealing jobs from America"; "We're playing fair, why can't China?" More often than not, the more vociferous proponents come from politicians who, in our opinion, are simply posturing for votes; attempting to provide catchy sound bites they … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Four Ways To Monitor The US Dollar And Risk Trade Posted: 30 Nov 2010 11:54 AM PST With European debt markets getting little relief thus far from the Ireland bailout, we need to keep a continued eye on the U.S. dollar. A weaker U.S. dollar tends to provide tailwinds for stocks, commodities, gold, and silver. Therefore, a longer-than-expected rally in the greenback may provide headwinds for these assets, with gold being the possible exception in the near-term. We outlined some concerns relative to a dollar rally and risk aversion on November 10th. With the Federal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 30 Nov 2010 11:35 AM PST Fred's Inc.(FRED- Analyst Report), a leading discount general merchandise store operator in the United States, recently posted healthy sales results for the four-week period ended November 27, 2010.
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| Accuray Lowered To Underperform Posted: 30 Nov 2010 11:35 AM PST We downgrade our recommendation for leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) to Underperform following the company's lackluster first-quarter fiscal 2011 results and a tepid outlook. The first quarter loss per share of 8 cents was higher than the Zacks Consensus Estimate of a loss of 7 cents and the year-ago loss of 6 cents.
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| Cemig Downgraded To Underperform Posted: 30 Nov 2010 11:05 AM PST We recently downgraded Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, from Neutral to an Underperform recommendation.
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| News Corp To Buy Wireless Generation Posted: 30 Nov 2010 11:05 AM PST News Corp. (NWSA ) has agreed to acquire 90% of Brooklyn-based education technology company Wireless Generation for a total consideration of $360 million in cash. The remaining 10% will be segregated between founder and CEO Larry Berger, President and COO Josh Reibel, and Executive Vice President and Chief Product Officer Laurence Holt who will continue to run the company.
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| Whitney Tilson On Insider Trading Posted: 30 Nov 2010 10:51 AM PST Whitney Tilson I found some interesting comments by Whitney Tilson regarding the recent insider trading charges against several firms. Below are his comments: Stock brokerages award … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 30 Nov 2010 10:35 AM PST The largest independent owner and operator of petroleum product pipelines in the U.S., Kinder Morgan Energy Partners L.P. (KMP) announced a 4.5% annualized increase in its cash distribution rate (or $4.60 vs. $4.40 per unit in 2010) for 2011. Total payout to its limited partners will be around $1.5 billion. At the same time, the partnership also retains its 2010 targeted distribution growth rate of 4.8% year over year.
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| How The Last Recession Shaped Up Posted: 30 Nov 2010 10:35 AM PST The recession is over. Or is it? Economic data assert it is safely behind us, but to most Americans, the change is not yet palpable. We are still reeling under the losses incurred during the recession, and trying to make better sense of what we have just been through.
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| AIG’s Exchange Offer Under-Tendered Posted: 30 Nov 2010 10:35 AM PST On November 23, American International Group Inc. (NYSE:AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million of corporate units initially intended to be exchanged, leaving 28.9 million units outstanding.
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| Posted: 30 Nov 2010 10:35 AM PST AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) finally came to an agreement with the US Food and Drug Administration (FDA) regarding an updated label for Feraheme, thus resolving the matter which has been in discussion since the past two months. The shares reacted positively to the news, thereby boosting the stock.
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| Forex Levels And Outlook For 30 November 2010: EUR/USD, GBP/USD, USD/JPY Posted: 30 Nov 2010 10:30 AM PST EUR/USD 1.30/1.2940 Target EUR/USD 11/30/2010 The EUR/USD shows no retracement attempt as it continues to dip below 1.30. The the market may find some support at 129.40. If there is a rebound from there, there are resistance pivots at 1.30, and 1.3150. On the downside, the market is looking to extend this decline towards 1.2750, and eventually to 1.26. This area, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ADC Telecommunications Outperforms Posted: 30 Nov 2010 10:15 AM PST ADC Telecommunications Inc. (NASDAQ:ADCT) declared excellent financial results for full-year 2010 that beat our expectations. Due to the change in the company's reporting fiscal year, management has compared results for the 12 month-period ended September 30, 2010 with the results of 11 months ended September 30, 2009. On July 12, 2010, Tyco Electronics Ltd. (NYSE:TEL) and ADC Telecommunications jointly announced that the two companies have entered into an agreement under which Tyco Electronics will … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 30 Nov 2010 10:15 AM PST Internet infrastructure services provider VeriSign Inc. (NASDAQ:VRSN) recently announced that the global base of internet domain names grew by nearly 3.8 million in the third quarter of 2010.
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| Coffee War Brewing As Starbucks – Kraft Rift Widens Posted: 30 Nov 2010 10:08 AM PST Seattle-based Starbucks Corp’s (NASDAQ:SBUX) impressive quarter had triggered a widespread Wall Street optimism, especially in the food and beverage sector, but analysts were keeping a close eye on the company after the coffee major had publicly announced its willingness to part ways with Kraft Foods Inc. (NYSE:KFT), a move that could shake up the single-cup coffee market in U.S. grocery stores. Although the companies had expressed confidence to resolve the matter in private, the rift … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Did ‘Black Friday’ Mark The High For Retail Stocks? Posted: 30 Nov 2010 09:55 AM PST The retail sector has enjoyed a solid run off the August lows. The S&P 500 index gained 14.1% since the August low and XRT, SPDR S&P Retail Index ETF (XRT) has move 30.4%. The leadership from the sector has played a key role in the move of the broader index. The sales data for the biggest shopping day of the year, 'Black Friday', was up 6.4% over 2009. However, the sector opened down 2.1% yesterday in response. Does this signal the top for the sector? It is too early … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The End Of The US Dollar’s Rally? Posted: 30 Nov 2010 09:53 AM PST For the past week or so, the US dollar has rallied strongly against its major peers thanks to the drama in Ireland and in the Korean peninsula. Ireland needed about €85 billion ($114 billion) to help service its ballooning deficit and to provide some liquidity in its commercial banks. With the Irish economy contracting for the last three years, and its debt seen to exceed 120% of its total output, Ireland's long term credit score was downgraded. Last week, Ireland's credit rating … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD – Continued Steep Bearish Bias Posted: 30 Nov 2010 09:46 AM PST Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (11/30/2010) has just dipped tentatively under 1.3000, establishing a new 11-week low. P rice action has continued its methodical bearishness of the past month (November), regularly breaking down below key support levels, pulling back (rallying) and retesting those previous support levels as resistance, and then continuing on its bearish way. This creates potential opportunities for short positioning on rallies … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Repsol May Reduce YPF Interest Posted: 30 Nov 2010 09:35 AM PST The Spanish oil integrated company, Repsol YPF S.A. (NYSE:REP) is planning to sell its 15% stake in its Argentine arm YPF SA. The divestiture is a part of the company's strategic moves toward reducing its holdings in Latin America.
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| Posted: 30 Nov 2010 09:35 AM PST Subsidiary of Brazilian mining giant, Vale S.A. (VALE), Mineração Naque S.A., declared the secondary public offer to acquire the balance 21.1% stake in Vale Fertilizantes S.A., Vale's fertilizer unit, for US$3.3 million. Vale recently acquired 20.27% in Vale Fertilizantes S.A. for $1.03 billion.
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| 2nd Leg Of Home Price Declines Underway Posted: 30 Nov 2010 09:35 AM PST In September, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.67% on a seasonally adjusted basis, and is up just 1.52% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.80% on the month and is up 0.55% from a year ago. In August, the year-over-year gains were 2.50% for the C-10 and 1.61% for the C-20, so it looks like the year-over-year gains are rolling over. Of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Showdown On Tax Cuts For The Rich Posted: 30 Nov 2010 09:11 AM PST The President met with Republican leaders at the White House this morning to talk about whether the Bush tax cuts should be extended to top taxpayers, at Republicans want.
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| Posted: 30 Nov 2010 09:05 AM PST Digital Realty Trust Inc. (NYSE:DLR), a niche real estate investment trust (REIT), was recently awarded the National Association of Industrial and Office Properties (NAIOP) 2010 Award of Excellence from the Northern Virginia Chapter for its new datacenter facility in Ashburn, Virginia.
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| GM Sells Steering Biz To China Posted: 30 Nov 2010 09:05 AM PST General Motors (MTLQQ) has completed the sale of its Saginaw, Michigan-based Nexteer steering business to China-based Pacific Century Motors. Pacific Century Motors is a joint venture between Beijing-based auto components supplier Tempo Group and E-Town, the financing and investing arm of the Beijing municipal government.
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| Oil Drops As Euro Decline Continues Posted: 30 Nov 2010 08:58 AM PST 11/30/10 Front month crude prices fell this session following growing debt concerns for nations in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD In Between Intraday Resistance And Support Posted: 30 Nov 2010 08:50 AM PST |
| Posted: 30 Nov 2010 08:35 AM PST Beacon Roofing Supply Inc. (NASDAQ:BECN) delivered earnings per share (EPS) of 37 cents in its fourth quarter ended September 30, 2010, falling short of the Zacks Consensus Estimate of 41 cents and 42 cents reported in the year-ago quarter. The results were hurt by weak industry and economic conditions and a lower gross margin rate, partially offset by reduced expenses, including lower interest expense and income taxes. Further, the year-ago period delivered record earnings, benefiting from strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CHK Scoops Eagle Ford Acreages Posted: 30 Nov 2010 08:35 AM PST Chesapeake Energy Corporation (NYSE:CHK) signed a deal to acquire 23,180 net oil and natural gas leasehold acres in the Eagle Ford Shale area in south Texas from Australia’s Antares Energy Ltd. (NYSE:AZZ) and its partner, San Isidro Development Company. The acquisition will cost the company almost $200 million.
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| Toyota To Recall 650,000 Prius Posted: 30 Nov 2010 08:30 AM PST Toyota Motor Corp. (NYSE:TM) has announced that it will recall about 650,000 Prius cars worldwide in order to fix the hybrid system's cooling pumps. The automaker stated that the vehicles will be recalled to solely ensure customer satisfaction and not under any legal compulsion.
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| CAT To Source Parts From China Posted: 30 Nov 2010 08:30 AM PST According to a Financial Times article, Caterpillar Inc. (NYSE:CAT) plans to fulfill the complex parts requirement of its current as well as upcoming manufacturing facilities in China by sourcing the same from Chinese suppliers rather than importing from Japan.
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| Trial Design Set For MDCO Candidate Posted: 30 Nov 2010 08:30 AM PST The Medicines Company (NASDAQ:MDCO) recently announced that the US Food and Drug Administration (FDA) has approved the design and planned analysis of the company's phase III program for oritavancin.
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| Posted: 30 Nov 2010 08:30 AM PST We recently reiterated our Neutral recommendation on Myriad Genetics (NASDAQ:MYGN).
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| Australian Dollar: Key ST Resistance At 10725 Posted: 30 Nov 2010 08:27 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 30 Nov 2010 08:27 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 30 Nov 2010 08:27 AM PST Today’s Idea
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| Posted: 30 Nov 2010 08:25 AM PST 29-11-10 Índice del Standard & Poor’s Case Schiller cae 0,7% en … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Lowe’s Affirms 2010 Earnings Forecast Posted: 30 Nov 2010 02:27 AM PST 11/30/10 Lowe’s announced Tuesday that it has affirmed its 2010 earnings forecast and sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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