Monday, November 15, 2010

DailyMarkets.com - Don’t Underestimate The Power Of Incentives When It Comes To Investing Success

DailyMarkets.com - Don’t Underestimate The Power Of Incentives When It Comes To Investing Success

Don’t Underestimate The Power Of Incentives When It Comes To Investing Success

Posted: 15 Nov 2010 05:35 PM PST

Through experience, and the school of hard lessons I have learned that I underestimated the power of incentives in any business or personal interaction is a huge mistake.

I think you will agree that considering the incentives of the person you are dealing with makes immediate intuitive sense.

However I have found that it is something that I sometimes forget. And I am sure you do too.

In the excellent article "24 Standard Causes of Human Misjudgment" Charlie Munger, Warren Buffett’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Tuesday: Sirius XM Radio, Las Vegas Sands, DryShips, Eastman Kodak

Posted: 15 Nov 2010 05:12 PM PST

( click to enlarge )
Shares of Sirius XM Radio Inc. (NASDAQ:SIRI)  are back to the weak state they were in the mid of October. Keep an eye on $1.30 which is a key support level on a closing basis.  The short-term outlook remains bearish and a drop to the $1.30-1.35 range appears likely. The weak outlook would be negated on a close above $1.47.

( click to enlarge )
Las Vegas Sands Corp. (NYSE:LVS) is one of my favorite stocks to trade, simply because I know it well.  The stock has lost … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 15 Nov 2010 04:45 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 83.17, up 0.10% at time of writing.

The pair was likely to find support at 81.66, Friday's low, and resistance at 83.26, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3585 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Microchip Tech

Posted: 15 Nov 2010 04:05 PM PST

Following the announcement of Microchip Technology Incorporated's (NASDAQ:MCHP) second quarter results, revision of estimates among analysts depict a mixed trend for fiscal 2011. Microchip reported solid results for the second quarter which beat expectations. However, guidance for the third quarter was a bit subdued.
Second Quarter Flashback
Microchip reported net revenues of $382.2 million in the second quarter of fiscal 2011, up 7.0% sequentially and 68.7% year-over-year, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

URS Corp Gets Contract

Posted: 15 Nov 2010 04:05 PM PST

URS Corporation (NYSE:URS) has won a contract to provide consultancy and fabrication services for communications and electrical distribution systems at Marine Corps base Camp Pendleton in California. The order has several embedded options for additional work which brings the potential maximum value of the award to $116 million.
URS continues to see favorable trends in the government sector. There is strong funding for O&M programs — which means increased opportunities to support long-term DoD … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On Progress Energy

Posted: 15 Nov 2010 04:05 PM PST

We recently reiterated our Neutral recommendation on Progress Energy Inc. (NYSE:PGN).
Raleigh, North Carolina-based Progress Energy is one of the nation's larger pure-play electricity utilities with a solid rate base growth opportunity in the long-term. The company engages in regulated electricity operations in the southeastern U.S. as well as non-regulated businesses.
Over the years, the company has been focused on strengthening core operations while divesting non-core assets. Progress … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Black Friday Shopping To Begin At Midnight For Walmart

Posted: 15 Nov 2010 04:00 PM PST

11/15/10 In an attempt to get a head start on the upcoming holiday season, Walmart Stores Inc. announced monday that it will not only be open on Thanksgiving Day, but the doors will be open to consumers at midnight on Black … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ProAssurance Repurchases Shares

Posted: 15 Nov 2010 03:35 PM PST

In order to return value to its shareholders, the board of directors of ProAssurance Corporation (NYSE:PRA) authorized a new program of $200 million to repurchase ProAssurance's shares or retire outstanding debt, effective immediately.
However, ProAssurance stated that the timing and quantity of the purchases will depend on market conditions and liquidity. Moreover, the share repurchases will be subject to limitations under applicable securities laws and regulations and the rules of the New York … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On General Dynamics

Posted: 15 Nov 2010 03:35 PM PST

We recently reiterated our Neutral recommendation on General Dynamics Corporation (NYSE:GD).
General Dynamics, headquartered in Falls Church, Virginia is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
General Dynamics was the fourth largest U.S. defense contractor in terms of revenue in fiscal 2009, after The Boeing Company (NYSE:BA), Lockheed Martin Corporation (NYSE:LMT) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Capital To Reduce Debt

Posted: 15 Nov 2010 03:35 PM PST

In an effort to reduce its outstanding debt balances, American Capital Ltd. (NASDAQ:ACAS) intends to prepay its debt in late November. In this connection, the company has issued a notice to the holders of its secured debt due in 2013 that it would prepay $107 million of the debt on November 29, 2010 on a voluntary basis.
This would reduce American Capital's outstanding amount under this secured debt to less than $1.0 billion and would result in a drop in interest rates to the lowest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AGCO Seals Joint Venture Deal

Posted: 15 Nov 2010 03:35 PM PST

In an effort to increase its product offering in the professional farming sector, manufacturer and distributor of agricultural equipment, AGCO Corporation (AGCO) signed a letter of intent to form a joint venture with Amity Technology, LLC to develop and distribute air seeding and tillage equipment. The transaction is expected to close by the end of 2010.
Per the agreement, AGCO will acquire a 50% interest in selected air seeding and tillage product lines currently sold under the Amity, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US PPI, Industrial Production, TIC Flows

Posted: 15 Nov 2010 10:30 AM PST

11/16/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session

Posted: 15 Nov 2010 03:15 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 0.9842, down 0.12% at time of writing.

The pair was likely to find support at 0.9814, today's low, and resistance at 1.0096, Thursday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.06% to hit 1.3798 and AUD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Luminex Downgraded To Underperform

Posted: 15 Nov 2010 03:05 PM PST

We downgrade our recommendation on Luminex Corporation (NASDAQ:LMNX) to Underperform following the company's lower-than-expected third quarter results and a less favorable outlook. Third-quarter fiscal 2010 adjusted loss per share of 2 cents missed the Zacks Consensus Estimate of earnings of 4 cents.
Losses swelled 19% year over year as revenue growth was offset by higher costs and tax. Top line improved on solid consumables and assay sales, but missed the Zacks Consensus Estimate. Annualized … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIGNA Faces Rating Action

Posted: 15 Nov 2010 03:05 PM PST

Late last week, health insurance company CIGNA Corp. (NYSE:CI) received a rating revision from Standard & Poor’s Ratings Services. The rating agency revised CIGNA's financial rating outlook to "stable" from "negative," taking into account the company's ability to insulate its results from losses in its run-off reinsurance business over the past twenty months. 
CIGNA's Run-off Reinsurance Segment, which accounted for 2% of revenues in the year 2009, has been discontinued. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ProAssurance Repurchases Shares

Posted: 15 Nov 2010 03:05 PM PST

In order to return value to its shareholders, the board of directors of ProAssurance Corporation (NYSE:PRA) authorized a new program of $200 million to repurchase ProAssurance's shares or retire outstanding debt, effective immediately.
However, ProAssurance stated that the timing and quantity of the purchases will depend on market conditions and liquidity. Moreover, the share repurchases will be subject to limitations under applicable securities laws and regulations and the rules of the New York … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Exxon, Hess Active Off Brazil

Posted: 15 Nov 2010 02:35 PM PST

ExxonMobil Corp. (NYSE:XOM) and Hess Corp. (NYSE:HES) started drilling the third well in an offshore Brazil Block, BM-S-22. Last year, the companies had failed with a dry hole in the same block. The block is situated in Santos Basin.
Each of the companies hold a 40% interest, while Petroleo Brasileiro SA or Petrobras (NYSE:PBR), Brazil's state-controlled oil company, owns the remainder.
Exxon said that the company is using Seadrill Ltd.'s West Polaris rig to drill the well in 2,272 meters (7,454 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Wal-Mart

Posted: 15 Nov 2010 02:35 PM PST

Wal-Mart Stores Inc. (NYSE:WMT), one of the leading retail giant worldwide, is scheduled to report its third-quarter 2011 financial results on Tuesday, November 16, 2010. The current Zacks Consensus Estimate for the quarter is 90 cents a share.
Second –Quarter Synopsis
Wal-Mart Stores Inc. reported better-than-expected second-quarter 2011 results and raised its EPS outlook for the rest of fiscal 2011. The retailing giant reported adjusted quarterly earnings of $0.97 per share, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marriott Expands In India

Posted: 15 Nov 2010 02:35 PM PST

Marriott International Inc. (NYSE:MAR), the largest U.S. hotel chain, is set to expand its presence in India by opening 100 hotels over the next five years. Marriott currently manages 11 hotels in India, represented by five brands. The company will add two more brands across India, including Ritz Carlton and Fairfield Inn.
Marriott opened its first hotel in India in 1999 and currently has 23 additional properties under construction or development in India. The company expects to complete the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: CAT, EMC, CL

Posted: 15 Nov 2010 02:17 PM PST

11/15/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Less Than Hoped

Posted: 15 Nov 2010 02:10 PM PST

Economists cheered today’s announcement from the Commerce Department that retail sales rose a better-than-expected 1.2 percent in October. According to Reuters, the news added “to signs the economy was regaining strength after hitting a soft patch in the summer.”
Unfortunately, these so-called experts haven’t been paying attention to what’s really going on. First, reports make it clear that many retailers were offering holiday season discounts in October, in some cases well before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A.M. Best Affirms Ratings On AXIS

Posted: 15 Nov 2010 02:05 PM PST

Rating agency A.M. Best Co. affirmed the issuer credit rating (ICR) of "bbb+" and existing debt ratings of AXIS Capital Holdings Limited (NYSE:AXS). The rating agency also affirmed the financial strength rating (FSR) of A (Excellent) and ICR of "a+" of AXIS Specialty and its operating affiliates. The outlook for all ratings remains stable.
A.M. Best Co. noted that AXIS' portfolio is well diversified, both geographically and by line of business. The company operates in Bermuda, the U.S., … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABB Wins Contract

Posted: 15 Nov 2010 02:05 PM PST

ABB Ltd. (NYSE:ABB) recently won a $24 million order for over 700 dry-type transformers from Ministry of Electricity and Water in Kuwait. The transformers will be used to facilitate the country's power and water utility.
The order is for dry-type transformers rated at 1000 kilovolts ampere (kVA), 1250 kVA and 1600 kVA. The company will also be providing spare parts required. The dry-type transformers from ABB Ltd., designed to withstand difficult environmental conditions, are suitable for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enzon Cut To Underperform

Posted: 15 Nov 2010 02:05 PM PST

We are downgrading Enzon Pharmaceuticals (ENZN) to Underperform from Neutral because of concerns regarding the disappointing third quarter results, declining royalty revenues, the principal source of revenues at Enzon and the early stage pipeline.
Based in Bridgewater, New Jersey, Enzon is a biopharmaceutical company dedicated to the discovery, development, and commercialization of therapeutics to treat cancer and other life-threatening diseases.
There are a number of reasons for the negative … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oct. Retail Sales Back Close To Pre-Recession Levels

Posted: 15 Nov 2010 02:03 PM PST

Given the strong increases in year-over-year sales tax collections in October for many states like Virginia (6.5%), Georgia (7.4%) and Texas (6.6%), it shouldn’t be surprising that retail and food sales increased by 7.3% in October above last year (see bottom chart above).  The October increase in retail sales follows a similar 7.4% increase in September, suggesting that consumers are gradually gaining confidence and starting to spend again.  

Compared to a year ago, spending in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 15 Nov 2010 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3583, down 0.80% at time of writing.

The pair was likely to find support at 1.3564, today's low, and resistance at 1.3825, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earning Scorecard: Time Warner Cable

Posted: 15 Nov 2010 01:35 PM PST

The second largest cable operator in the United States, Time Warner Cable Inc. (NYSE:TWC) posted excellent third quarter 2010 financial results, which beat the Zacks Consensus Estimate. The increase was attributable to both the Commercial and Residential Subscription revenues, which grew along with Advertising revenues.
The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term outlook for the stock are covered in depth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xifaxan Drives Salix

Posted: 15 Nov 2010 01:35 PM PST

Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) posted a loss of 5 cents per share in the third quarter of 2010, narrower than the Zacks Consensus Estimate of a loss of 15 cents and the guidance provided by the company (loss of 13 cents). Salix had reported a loss of 15 cents in the year-ago quarter. Higher revenues helped the company post a narrower loss in the reported quarter.
Third quarter revenues increased 22.8% to $80.6 million, mainly due to strong Xifaxan sales. Revenues were well above the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For Chesapeake Financial (CPKF)

Posted: 15 Nov 2010 01:35 PM PST

Written by Ann Heffron, CFA

We are maintaining our Neutral rating on Chesapeake Financial Shares, Inc. (CPKF). CPKF reported 2010 third quarter diluted EPS of $0.71, up 33% from $0.53 a year ago. This compares to our $0.59 estimate, with the outperformance primarily reflecting stronger cost controls than expected, as total noninterest expense declined 1% year over year and 4% sequentially to $6.3 million due to reduced costs for employee benefits, occupancy, ATM expense, cash flow expense, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down Toward The End Of U.S. Session

Posted: 15 Nov 2010 01:10 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on Retail Sales.

GBP/USD was trading at 1.6062, down 0.34% at time of writing.

The pair was likely to find support at 1.5963, Wednesday's low, and resistance at 1.6184, Friday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.08%

Posted: 15 Nov 2010 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.08%, the S&P 500 index shed 0.12%, while the Nasdaq 100 index declined 0.30%.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up from 0.60%.

Analysts had expected retail sales to rise 0.70% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Loss Widens At Isis Pharma

Posted: 15 Nov 2010 01:07 PM PST

Isis Pharmaceuticals Inc. (NASDAQ:ISIS) reported a net loss of 13 cents per share in the third quarter 2010, wider than the year-ago loss of 12 cents. The higher loss was mainly due to higher operating expenses.
However, third quarter loss was narrower than the Zacks Consensus Estimate of a net loss of 20 cents. Following the adoption of a new required accounting standard, Isis is no longer including Regulus Therapeutics’ financial results.
Quarter in Details
Third quarter revenues, which include … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP On Track To Meet Rumaila Target

Posted: 15 Nov 2010 01:07 PM PST

BP Plc (NYSE:BP) and its partner China National Petroleum Corp. ("CNPC") are on track to meet their preliminary target of a 10% rise in output from the Rumaila oilfield by the end of this month. The growth in production was driven by continued focus on increasing oil production from existing wells, new wells coming on stream and an unperturbed flowline.
In 2009, BP and its Chinese partner CNPC clinched a 20-year development contract for Rumaila and set a target to increase output to 2.85 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Agilent Has Solid Q4, Ups Guidance

Posted: 15 Nov 2010 01:07 PM PST

Agilent Technologies' (NYSE:A) fourth quarter earnings beat the Zacks Consensus by 5 cents, or 8.3%. Revenue growth and margin expansion helped drive results in the last quarter. While the gross margin declined sequentially after 5 quarters of increase, Agilent saw both operating and net margins continuing to expand.
Revenue
Agilent's revenue grew 14.5% sequentially and 35.7% year over year. Excluding the impact of Varian, Agilent's revenues were up 27.3% sequentially and 35.0% from last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Bounces Off The 100 Hour MA

Posted: 15 Nov 2010 12:47 PM PST

Stone Energy Offers Senior Notes

Posted: 15 Nov 2010 12:35 PM PST

Lafayette, Louisiana-based Stone Energy Corporation (NYSE:SGY) intends to publicly offer $100 million aggregate principal amount of its 8.625% Senior Notes due 2017. Stone said that the new offering is an additional issuance of the company's outstanding 8.625% Senior Notes due 2017, which was issued in January 2010 in an aggregate principal amount of $275 million.
The proceeds from the offering will be utilized for general corporate purposes including repayment of debt under the existing credit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telesp Beats On Commercial Activity

Posted: 15 Nov 2010 12:35 PM PST

Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (NYSE:TSP), better known as Telesp, reported third quarter earnings per ADS of 73 cents, which was well ahead of the Zacks Consensus Estimate of 67 cents. Net income climbed 7.2% year over year to R$647.4 million ($371.4 million). Improved earnings were driven by higher revenues on account of increased commercial activity.
Telesp, the Brazilian subsidiary of Spanish telecom giant Telefonica (NYSE:TEF), reported gross operating revenue of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic Presents Positive Data

Posted: 15 Nov 2010 12:35 PM PST

Recently, Medtronic (NYSE:MDT) presented positive data from its RAFT (Resynchronization/Defibrillation for Ambulatory Heart Failure Trial) study at the American Heart Association in Chicago.
It was observed that the company's cardiac resynchronization therapy-defibrillators (CRT-Ds) reduced the risk of death by 29% in heart patients (NYHA class II) compared to those treated with implantable cardioverter-defibrillators (ICDs) and medical therapy. In addition, it was observed that the incidence of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY And USDJPY Are Following Each Other Higher Toward Resistance Levels

Posted: 15 Nov 2010 12:11 PM PST

Earnings Scorecard: Apache

Posted: 15 Nov 2010 12:05 PM PST

Apache Corporation (NYSE:APA) reported its third quarter 2010 results on November 4. The reported results were disappointing, based on stagnant natural gas volumes and increased lease operating expenses.
Third Quarter Flashback
The company's earnings per share, excluding one-time items, stood at $2.19, slightly behind the Zacks Consensus Estimate of $2.26. Total revenue of $3.00 billion missed the Zacks Consensus Estimate by 2.4%.
However, on a year-over-year basis, earnings per share improved … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Beats Estimates

Posted: 15 Nov 2010 12:05 PM PST

Gold miner Kinross Gold Corporation (NYSE:KGC) recorded net income of $121.6 million or 17 cents per share in the third quarter of 2010, significantly higher than last year's $1.7 million or zero cents per share and surpassed the Zacks Consensus Estimate of 16 cents per share. Including one-time charges, the company earned $123.6 million or 16 cents per share during the quarter.
The results of the company were positively impacted due to the acquisition of the West African company, Red Back … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The U.S. Session

Posted: 15 Nov 2010 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Retail Sales.

USD/JPY was trading at 83.05, up 0.67% at time of writing.

The pair was likely to find support at 81.56, Wednesday's low, and resistance at 83.25, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Surges After Strong Data

Posted: 15 Nov 2010 11:55 AM PST

11/15/10 The greenback rallied to start the week after strong economic data and Chinese economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Can USD/JPY Break Above Key 83.00 Resistance?

Posted: 15 Nov 2010 11:44 AM PST

Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (11/15/2010) has emerged from the depths of the long-term lows to attempt a bonafide push to the upside. The beginning of the new trading week has seen price action rise tentatively above and stall around key resistance in the 83.00 price region, which has served as a proverbial "line in the sand" between the bearish and bullish camps. This rise comes on the heels of a breakout above a triangle formation around … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cosi Loss Narrows

Posted: 15 Nov 2010 11:35 AM PST

Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, reported loss of 2 cents per share in the third quarter of 2010 as compared with the loss of 6 cents delivered in the prior-year quarter. The loss of the company narrowed down due to positive comparable same store sales growth and improvement in margins.
Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, dipped 9.7% year over year to $27.1 million in the quarter. Company-operated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GOL’s Upbeat Results

Posted: 15 Nov 2010 11:35 AM PST

The first Brazilian low-fare airline, GOL Linhas Aereas (NYSE:GOL) reported net income of R$110.0 million (US$62.5 million) for the third quarter of 2010 compared to R$77.9 million (US$41.4 million) in the year-earlier quarter.
The increase was driven by the significant leap in market demand and aircraft fares based on improved economic conditions. A decline in aircraft leasing costs based on the return of all the B737-300 aircraft under operational leasing was another reason.
GOL reported EPS of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session

Posted: 15 Nov 2010 11:00 AM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on Retail Sales.

USD/CAD was trading at 1.0077, down 0.42% at time of writing.

The pair was likely to find support at 0.9977, Thursday's low, and resistance at 1.0146, Friday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.82%

Posted: 15 Nov 2010 10:35 AM PST

Forex Pros – European stocks were up after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 0.82%, London's FTSE 100 gained 0.41%, France's CAC 40 climbed 0.86% and the EURO STOXX 50 was up 0.92%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.75%; the S&P 500 index gained 0.65%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Focus Is On Black Friday And US Retailers “

Posted: 15 Nov 2010 10:15 AM PST

11/15/10 Seaport Securities’ Jason Weisberg weighs in on today’s advance in equities and the USD, and discusses this week’s key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mining Stocks To Watch For An Impending Breakout

Posted: 15 Nov 2010 10:09 AM PST

Wanna get a wedgie?  No, not that kind of wedgie.  I mean a stock that has formed a wedgie, like the 10 charts presented below.

If/when silver and gold break to the upside this week, a whole lot of these choices should break out of their wedgies and do pretty well for their owners.  A wedge usually is formed because there is a battle going on between buyers and sellers.  They conclude when price breaks up or down, with one side claiming victory and the other side running in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session

Posted: 15 Nov 2010 10:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3614, down 0.57% at time of writing.

The pair was likely to find support at 1.3574, Friday's low, and resistance at 1.3825, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.20% last month, from 0.70% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Up 0.82%

Posted: 15 Nov 2010 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 0.82%, London's FTSE 100 gained 0.41%, France's CAC 40 declined 0.08% and the EURO STOXX 50 was up 0.92%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.70%; the S&P 500 index gained 0.58%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: Handwritten Notes For $3

Posted: 15 Nov 2010 09:31 AM PST

Handwritten thank you notes are truly remarkable in this age of IMs and emails. But who has time to sit down and write them? The ThankThank company helps busy professionals send handwritten notes to customers efficiently for $3 per note (see sample … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 11.15.10

Posted: 15 Nov 2010 08:03 AM PST

The morning news notes as prepared by TL….comments from Gary Shilling, comments from Richmond Fed president Lacker, comments from James Grant on the gold standard, the benefits of open trade outweigh the costs, US home buyers can borrow more cheaply than the government, “anti – QE2″ trade, muni – debt markets, QE3 anyone?, Greenspan on “Meet The Press”, cigarettes, global warming and currency wars.

“Morning News Notes: November 15, 2010″

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