Tuesday, November 2, 2010

DailyMarkets.com - Does Paying With A Credit Card Make You Fat?

DailyMarkets.com - Does Paying With A Credit Card Make You Fat?

Does Paying With A Credit Card Make You Fat?

Posted: 02 Nov 2010 07:30 AM PDT

Noticed that you no longer fit into that pair of jeans anymore? Blame it on the food you eat – not. Apparently, according to a study published in the most recent issue of the “Journal of Consumer Research,” it’s the credit card or debit card that you use to pay for your food purchases that’s making you fat, indirectly.

The researchers conducted an analysis of shopping behavior of 1,000 households over a period of six months, and found that paying with a credit card instead of cash leads … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: BP, ADM, MA, ORCL, ARTG

Posted: 02 Nov 2010 07:22 AM PDT

11/02/10 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

Forex Trading: USDJPY Rises To Resistance, Then Falls To Support

Posted: 02 Nov 2010 07:16 AM PDT

Forex – NZD/USD Soars To 27-month High After RBA Rate Bump

Posted: 02 Nov 2010 07:11 AM PDT

Forex Pros – New Zealand's was up against its U.S. counterpart on Tuesday, soaring to a 27-month high, after Australia's central bank unexpectedly raised its interest rate for the first time in six months.

NZD/USD hit 0.7742 during European afternoon trade, the pair's highest since July 15, 2008; the pair subsequently consolidated at 0.724, surging 0.69%.

The pair was likely to find support at 0.7633, Monday's low and resistance at 0.7801, the high of June 6, 2008.

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

U.S. Stocks Advance After The Open; Dow Jones Gains 0.77%

Posted: 02 Nov 2010 07:09 AM PDT

Forex Pros – U.S. stocks jumped after the open on Tuesday, as strong corporate earnings reports lifted markets, while investors awaited the outcome of the U.S. midterm elections and the Federal Reserve’s two-day policy meeting.

During early U.S. trade, the Dow Jones Industrial Average gained 0.77%; the S&P 500 index rose 0.78%, while the Nasdaq Composite index was up 0.98%.

In earnings news, MasterCard saw shares jump 2.72% after it reported third-quarter profit rose by 15% to USD 518 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Realty Beats Estimates

Posted: 02 Nov 2010 07:05 AM PDT

Duke Realty Corp. (NYSE:DRE), a real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $129.0 million or 50 cents per share compared to an FFO loss of $236.2 million or $1.02 in the year-ago 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 30 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AmerisourceBergen Corporation (Holding Co), Archer-Daniels-Midland Company, BP P.l.c., Emerson Electric Company, MedcoHealth Solutions Inc, Newmont Mining Corporation (Holding Company), Pfizer, Tenet Healthcare, United Parcel Service

Posted: 02 Nov 2010 07:05 AM PDT

 Pfizer’s (NYSE:PFE) reported third quarter earnings of $0.54, $0.03 above Zacks estimates as revenues surged 39.2% to $16.2 billion, slightly below Zacks estimates of $16.62 billion

 Archer Daniels Midland (NYSE:ADM) posted fiscal first quarter earnings of $0.54, off Zacks estimates of $0.75, on inline revenues of $16.8 billion, up 13% YoY, and beating estimates of $15.52 billion

 BP (NYSE:BP) posted better-than-expected results and noted plans to consider reinstating its dividend … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Formfactor’s Losses Continue

Posted: 02 Nov 2010 07:05 AM PDT

Formfactor Inc. (NASDAQ:FORM) reported third quarter loss that exceeded the Zacks Consensus estimate by 7 cents, or 12.5%.
Revenue
Formfactor's revenue of $47.3 million was down 17.9% sequentially, up 8.2% from a year ago, but well below management's original expectations of a flattish quarter. However, revenue was within the revised guidance range of $46−$48 million provided on August 31. Slower-than-expected qualification of the Matrix family at major customers (Matrix units were up 20% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vulcan Profits Plummet

Posted: 02 Nov 2010 07:05 AM PDT

Vulcan Materials Company (NYSE:VMC) showed a 78% fall in profit to $10.59 million in the third quarter of 2010 from $47.92 million in the corresponding quarter of the prior year. On earnings per share basis, profits of 8 cents were significantly down from 38 cents in the third quarter of 2009 and the Zacks Consensus Estimate of 19 cents.
Total revenues in the quarter slid 4.5% to $743.2 million, which was higher than the Zacks Consensus Estimate of $733 million. Operating profit declined to $50.43 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

October State Tax Revenues Coming In Strong

Posted: 02 Nov 2010 06:56 AM PDT

State tax revenues for October are starting to get reported, and like September, are showing improvements in economic conditions around the country, here are some examples:

1. “State revenues in Massachusetts for the month of October were up $117 million, or 9.5 percent, from the same period a year ago, a sign of an improving economy, the state Revenue Department said today.”

2. “The state of West Virginia has collected nearly $96 million more than it thought it would through the first four … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Holds 1.4010 Support. Targets 1.4063

Posted: 02 Nov 2010 06:48 AM PDT

Quality Systems Misses Estimates

Posted: 02 Nov 2010 06:35 AM PDT

Quality Systems (NASDAQ:QSII) reported second-quarter fiscal 2011 (ended September 30) earnings per share of 46 cents, lower than the Zacks Consensus Estimate of 50 cents but higher that the year-ago figure of 41 cents.
Revenues
Revenue registered a record $81.5 million, up 13.7% year over year, but still fell short of the Zacks Consensus Estimate of $86 million.
Segment-wise Results
System sales came in at $24.9 million, down 5% year over year. Revenues from the two subcomponents were $20.4 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dominion Lags, Ups EPS Outlook

Posted: 02 Nov 2010 06:35 AM PDT

Dominion Resources Inc. (NYSE:D) reported third-quarter operating earnings of $603.0 million or $1.03 per share, lagging the Zacks Consensus Estimate of $1.07 per share. However, the result exceeds the prior-year earnings of $590.0 million or 99 cents.

While the company's strategy to strengthen infrastructure bodes well, the surge in earnings from the prior-year quarter was primarily driven by favorable weather in the regulated electric service area, along with higher PJM ancillary service and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Disappoints; Revs Fall Short

Posted: 02 Nov 2010 06:35 AM PDT

Pfizer Inc. (NYSE:PFE) reported third quarter earnings of 54 cents per share, 3 cents above the Zacks Consensus Estimate, and 6% above the year-ago earnings of 51 cents. Performance was boosted by the Wyeth acquisition, which was partially offset by increased expenses and lower revenues from legacy Pfizer products.
Revenues were up 39%, mainly due to the Wyeth acquisition, which added $5.2 billion or 44% to the total. While foreign exchange negatively impacted revenues by $160 million or 1%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Most Rivals Amid Uncertainty Over Easing

Posted: 02 Nov 2010 06:22 AM PDT

Forex Pros – The U.S. dollar was broadly lower against the other major currencies on Tuesday, as speculation over how much quantitative easing the U.S. Federal Reserve would introduce after its policy meeting ends on Wednesday continued.

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

Forex Market In A Comfortable Trading Range Pre-FOMC Meeting

Posted: 02 Nov 2010 06:20 AM PDT

FX markets were content to trade within a comfortable range before the RBA unexpectedly hiked rates this morning. The move triggered a short term bout of risk appetite that has now filtered into the European trading session further supported by yesterday's global rebound in manufacturing activity. While the market had only assigned a small probability of hike (approximately 27%) the Reserve Bank of Australia decided it was time to act and raised cash rate by 25 bps to 4.75%. The OIS … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 02 Nov 2010 06:18 AM PDT

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

Japanese Yen: The Downside Prevails

Posted: 02 Nov 2010 06:18 AM PDT

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

British Pound: Under Pressure

Posted: 02 Nov 2010 06:18 AM PDT

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

Euro: Under Pressure

Posted: 02 Nov 2010 06:18 AM PDT

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

Makling The Case For Low Voter Turnout

Posted: 02 Nov 2010 06:13 AM PDT

People often complain about low voter turnout in the United States, which has declined over time and is very low compared to voter turnout in other countries. Notice at the first link that voter turnout in the U.S. has generally decreased over time, from greater than 60% in every presidential election year during the 1960s, to less than 60% in every presidential election since, and below 50% in 1996. The pattern is the same for midterm elections – voter turnout was close to 50% in the 1960s, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What’s Driving Today’s Vote?

Posted: 02 Nov 2010 06:08 AM PDT

Will there soon be a run on U-Hauls in Washington DC?
Later this evening we will learn just how many incumbents in Washington are sent packing. In the process, we will assuredly hear from political pundits on both sides of the aisle as to what Americans are saying with their vote. In my opinion, we can dismiss the pundits and the politicians alike. While we are at it, we can throw a heap of cold water over the media as well. How so? Why's this?
The simple fact is the rage coiling within the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Anadarko Lags The Zacks Consensus

Posted: 02 Nov 2010 06:05 AM PDT

Anadarko Petroleum Corporation (NYSE:APC) posted net earnings from continuing operations of 21 cents per share for the third quarter, below the Zacks Consensus Estimate of 30 cents but significantly above the net loss of 11 cents reported in the same period last year. The year-over-year increase is driven by higher sales volumes.
On a GAAP basis, the company posted a loss of 5 cents per share compared to earnings of 40 cents in the year-ago quarter. The loss was due to inclusion of special items … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cooper Expands Product Offerings

Posted: 02 Nov 2010 06:05 AM PDT

Cooper Industries plc (NYSE:CBE) has introduced a range of products for more efficient energy consumption as well as lower maintenance requirements.
Cooper Power Systems' new Triplex Indoor Power Center (IPC) aims to achieve 35% reduction in energy costs, a 20% reduction in HVAC costs and a 50% reduction in noise levels. Cooper Lighting's outdoor LED products present the most extensive choice of fixtures and optical distributions aimed at superior performance and energy savings. Cooper … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP Beats On Improved Prices

Posted: 02 Nov 2010 06:05 AM PDT

BP Plc (NYSE:BP) reported third-quarter 2010 earnings of $1.73 per American Depositary Share (ADS), well above the Zacks Consensus Estimate of $1.51 and the year-earlier profit of $1.61. We have adjusted reported earnings for comparable periods for non-operating items.
The positive comparisons were driven by higher realized oil prices, lower depreciation and lower-than-usual tax rates.
The company's revenue jumped approximately 10% to $74,652 million from $67,856 million in the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Stock Market: Today Is All About Midterm Elections

Posted: 02 Nov 2010 06:03 AM PDT

The rally lasted about thirty minutes and then worry took center stage. The NASDAQ gave up a twenty-fivepoint gain which was within three points of the April high. The S&P 500 index gave back twelve points and barely ended the day positive. Was this the final attempt to reach the April highs before the reality of what has been the driver hits the headlines? Since the low on August 27th, quantitative easing and the election have been two of the driving factors in the move. In fact … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Shoots Up To Test Key Intraday Resistance At 1.6033

Posted: 02 Nov 2010 06:01 AM PDT

Forex Trading: EURUSD Shoots Higher. Eyeing Support At 1.4004-10 Now

Posted: 02 Nov 2010 05:42 AM PDT

Wilmington Plummets; To Be Acquired

Posted: 02 Nov 2010 05:36 AM PDT

Wilmington Trust Corporation (NYSE:WL) reported a third quarter 2010 loss of $369.9 million or $4.06 per share compared with $120.9 million or $1.33 per share in the prior quarter and $10.4 million or 15 cents per share in the year-ago quarter. The results substantially lagged behind the Zacks Consensus Estimate of a loss of 43 cents per share.
Wilmingtonalso announced that it will merge with M&T Bank Corporation (NYSE:MTB). Under the terms of the deal, shareholders will get 0.051372 shares of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HAE Beats On EPS, Ups EPS Guidance

Posted: 02 Nov 2010 05:36 AM PDT

Haemonetics Corporation (NYSE:HAE) reported an EPS of 85 cents in the second quarter of fiscal 2011 compared with 69 cents in the year-ago quarter. However, after adjusting for certain one time items, EPS came in at 80 cents, surpassing the Zacks Consensus Estimate by 4 cents.
The adjusted EPS was 16% higher than the year-ago quarter. The company reported revenues of $166.8 million in the quarter, up 6% compared with the year-ago period. However, revenues were lower than the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Rallies To 6-day High After Strong Euro Zone PMI

Posted: 02 Nov 2010 05:32 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, rallying to a fresh 6-day high following the release of better-than-expected euro zone manufacturing data.

EUR/USD hit 1.4033 during European early afternoon trade, the pair's highest since October 25; the pair subsequently consolidated at 1.4031, jumping 1.02%.

The pair was likely to find support at 1.3763, last Thursday's low and resistance at 1.4155, the high of October 15 and an 8-month high.

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

Voters Frustrated With U.S. Economy Turn To Republicans In Midterm Elections

Posted: 02 Nov 2010 05:30 AM PDT

Republicans predicted huge gains before today’s (Tuesday) midterm elections, as voters fueled by frustration over the struggling U.S. economy are eager for change in Washington.

A poll in The Wall Street Journal asking voters which party they hoped would be in charge gave the GOP a six-point edge of 49% to 43%. About half of the Republican voters said frustration and protest over Democratic policies fueled their election decisions.

“The Democrats are about to feel the full force of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tuesday Market Analysis: Asia Rallies While US Awaits Elections

Posted: 02 Nov 2010 05:10 AM PDT

Equities

A stronger than expected manufacturing report from China propelled most Asian markets higher.  The Hang Seng jumped 2.5%, as did the Shanghai Composite.  Japanese markets did not share in the wealth, with the Nikkei slipping .5%, led down by a disappointing earnings outlook from Honda Motor.

European markets inched up higher, with the FTSE gaining .3%, and the CAC 40 gaining .2%.

The Dow swung in a wide range, giving up significant gains, but ending up 6 points.  It … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Corning Posts Weak Q3, As Expected

Posted: 02 Nov 2010 05:07 AM PDT

Corning Inc's (NYSE:GLW) third quarter 2010 results were disappointing, with earnings missing the Zacks Consensus Estimate by 2 cents (4.0%) and revenue missing by 1.5%. However, shares were down a mere 0.22%, since investors were already on their guard, following press reports about the inventory correction in the LCD TV market.
Revenue
Corning reported revenue of $1.60 billion, which was down 6.4% sequentially and 8.3% year over year. On September 14, Corning mentioned that glass volumes for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Texas Roadhouse Beats

Posted: 02 Nov 2010 05:07 AM PDT

This article has been unpublished. Walter, need new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Tumbles To 2-day Low After Weak U.K. Data

Posted: 02 Nov 2010 05:02 AM PDT

Forex Pros – The pound erased early gains against the U.S. dollar on Tuesday, falling to hit a 2-day low after data showed that the recovery of the UK construction sector peaked in the summer.

GBP/USD hit 1.5963 during European afternoon trade, the pair's lowest since last Friday; the pair subsequently consolidated at 1.5987, shedding 0.30%.

Cable was likely to find support at 1.5876, last Friday's low and resistance at 1.6106, the high of October 15.

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

Valuation-Informed Indexing #14 Five Forces That Will Change The Future Of Stock Investing

Posted: 02 Nov 2010 04:54 AM PDT

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


Goldman Sachs’ 50-Year Bond Deal Shows Why Small Retail Investors Should Never Trust Wall Street

Posted: 02 Nov 2010 04:54 AM PDT

Last week, Goldman Sachs Group Inc. (NYSE:GS) sold $1.3 billion of 50-year bonds with a 6.125% interest rate. The issue was specially designed – with bonds in denominations as low as $25 – so the securities could be sold to small retail investors.

At last, Goldie’s done something for the little guy …

Or did it?

There are entities and currencies in which a 50-year bond at a suitably high interest rate might be a reasonable investment. Switzerland, for example. Maybe Singapore. Maybe … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. PMI Construction Falls More Than Expected, British Pound Tumbles Across The Board

Posted: 02 Nov 2010 04:45 AM PDT

Fundamental Headlines
• Australia Raises Rates – Wall Street Journal
• Obama Faces Pressure to Shake Up Inner Circle – Wall Street Journal
• Markets Cautious as U.S. Votes Loom – Financial Times
• Australia, India Raise Rates to Slow Inflation Before Fed Move – Bloomberg
• Ireland May Have One Month to Stave Off Bailout: Euro Credit – Bloomberg
GBPUSD: PMI construction in the U.K. plunged to its lowest level since February of this year amid government spending cuts. The reading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AdvisorShares’ GTAA Takes Off, Peritus High Yield Launches Dec

Posted: 02 Nov 2010 04:00 AM PDT

AdvisorShares launched the Cambria Global Tactial ETF (GTAA: 25.03 0.00%) just early last week and has already seen it gain strong traction amongst investors with the fund accumulating more than $17 million in assets in 1 week. Trading volume in GTAA also exceeded 100,000 shares on Nov 1st. The fund is managed by Cambria Investment Management, with portfolio managers Mebane Faber and Eric Richardson making day-to-day portfolio decisions. Faber is known for being the author of the book "The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits Fresh Daily Low After Unexpected RBA Rate Hike

Posted: 02 Nov 2010 03:42 AM PDT

Forex Pros – The U.S. dollar was down against the Swiss franc on Tuesday, falling to hit a daily low after an unexpected interest rate increase by Australia's central bank added to pressure on the ailing greenback.
 
USD/CHF hit 0.9828 during European morning trade, the daily low; the pair subsequently consolidated at 0.9833, tumbling 0.82%.

The pair was likely to find support at 0.9701, the low of October 26 and resistance at 0.9970, Monday's high.

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

European Stocks Advance Ahead Of Fed Meeting; DAX Up 0.27%

Posted: 02 Nov 2010 03:38 AM PDT

Forex Pros – European stocks posted modest gains on Tuesday, as gains in the commodity sector offset losses in the financial sector, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 was up 0.10%; France's CAC 40 rose 0.11%; while Germany’s DAX gained 0.27%.

Shares in Spain's second-largest lender BBVA tumbled 2.20% after the company announced it would pay approximately EUR 4.2 billion for a 24.7% stake in Turkey's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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