Tuesday, November 23, 2010

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

Forex – EUR/USD Up During The Asian Session

Posted: 23 Nov 2010 06:05 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3397, up 0.22% at time of writing.

The pair was likely to find support at 1.3360, Tuesday's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8474 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session

Posted: 23 Nov 2010 05:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.

EUR/JPY was trading at 111.65, up 0.43% at time of writing.

The pair was likely to find support at 110.76, Tuesday's low, and resistance at 114.95, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.22% to hit 1.3398 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rapacious Income Inequality?

Posted: 23 Nov 2010 05:24 PM PST

In a recent editorial titled "A Hedge Fund Republic?" New York Times columnist Nicholas Kristof claims that if you want to observe "rapacious income inequality," you don't need to travel to a banana republic. Rather, you can simply look around the United States to see "stunning inequality" that is supposedly the result of some rapacious plundering of America's poor by wealthy plutocrats.

Will Wilkinson responded in The Economist ("This Ain't No Banana Republic") and takes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Wednesday: Level 3, THQ, GigaMedia, Brinker International

Posted: 23 Nov 2010 05:15 PM PST

( click to enlarge )
I continue to believe that a strong close above $19.51 is needed to pave the way for a rally towards the stock’s previous peak at $20.54. The formation since July is however a bullish pattern with rising peaks that implies a positive undercurrent.  Brinker International, Inc. (NYSE:EAT) could break above the resistance at $19.51 very soon. Traders with short-term perspective can buy the stock in declines with stop at $18. Long-term investors can hold the stock with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session

Posted: 23 Nov 2010 04:45 PM PST

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.

GBP/JPY was trading at 131.69, up 0.39% at time of writing.

The pair was likely to find support at 130.86, Tuesday's low, and resistance at 134.21, Friday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.18% to hit 1.5804 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Online Holiday Shopping Already Up By 13% In Nov. Expected $32B Sales This Season, Highest Ever

Posted: 23 Nov 2010 04:45 PM PST

PR Newswire — “comScore, a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 21 days of the November – December 2010 holiday season, as well as its official spending forecast for the season. For the holiday season-to-date, $9.01 billion has been spent online, marking a 13% increase versus the corresponding days last year (see chart).”

“The beginning of the online holiday shopping season has gotten off to an extremely positive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 23 Nov 2010 03:50 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7607, up 0.25% at time of writing.

The pair was likely to find support at 0.7578, today's low, and resistance at 0.7836, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.04% to hit 1.2819 and EUR/NZD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cardinal To Buy Kinray

Posted: 23 Nov 2010 03:35 PM PST

Cardinal Health (NYSE:CAH) recently announced plans to purchase Kinray Inc., a leading pharma distributor with a presence in the New York metropolitan area. The cash deal will enhance Cardinal's capability to cater to retail independent pharmacies in the northeastern U.S. markets. Cardinal expects to close the deal by the end of the current calendar year, or early-2011, depending on regulatory approval and closing conditions.   
The company anticipates that the transaction will be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Durable Goods, Personal Income And Spending, Jobless Claims, New Home Sales, Consumer Sentiment

Posted: 23 Nov 2010 03:30 PM PST

11/24/10 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

BJ’s Wholesale In Neutral Lane

Posted: 23 Nov 2010 03:05 PM PST

We recently upgraded our recommendation on BJ's Wholesale Club, Inc. (NYSE:BJ), a leading warehouse club operator in the United States, to Neutral with a price target of $49.00. Earlier we had an Underperform rating on the stock.
Boasting a viable business strategy and a healthy balance sheet, BJ's Wholesale offers investors one of the strongest growth stories in the industry. Recently, the company posted better-than-expected third-quarter 2010 results on the heels of higher merchandise … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ecolab Unveils DryExx GS

Posted: 23 Nov 2010 03:05 PM PST

Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) has introduced its latest dry conveyor lubricant dubbed DryExx GS, designed for glass packaging on stainless steel or mixed conveyors used in the food and beverage processing plants and breweries.
DryExx GS is the latest addition to Ecolab's DryExx dry conveyor lubrication product range. The product is now available across the U.S., Europe and Canada. Besides DryExx GS, Ecolab has also launched a novel control system to help … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Simply Deluding Themselves

Posted: 23 Nov 2010 02:51 PM PST

A post at the Wall Street Journal’s Real Time Economics blog suggests that “Healthy Profit Growth Will Lead to Jobs”:
Within Tuesday's revisions to third-quarter gross domestic product — which showed real GDP grew at a 2.5% annual rate — the Bureau of Economic Analysis said last quarter's aftertax profits increased 28.2% from a year ago. (The BEA measures earnings across the whole economy, but the growth is on par with S&P 500 companies. With 15 companies still to announce, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive Data On Acorda’s Ampyra

Posted: 23 Nov 2010 02:35 PM PST

Acorda Therapeutics Inc. (NASDAQ:ACOR) recently published late-stage data on its multiple sclerosis (MS) treatment Ampyra (dalfampridine) in Annals of Neurology. The trial data demonstrated that a significant proportion (42.9%) of MS patients on Ampyra experienced an improvement in walking speed as compared to patients receiving placebo (9.3%).
The phase III trial, which was the second of two pivotal trials being conducted by Acorda, enrolled 239 patients at about 39 centers in the United States and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

People’s Nears Smithtown Merger

Posted: 23 Nov 2010 02:35 PM PST

People’s United Financial (NASDAQ:PBCT) and Smithtown Bancorp (NASDAQ:SMTB) are progressing well with the merger activities. The merger, which was announced in July this year will see People’s United acquire Smithtown Bancorp in a cash and stock transaction. At that time, the transaction was valued at around $60 million, or $4.00 per share. The companies expect the merger to be completed on November 30, 2010. 
Smithtown Bancorp will merge into People’s United, and Bank of Smithtown –Smithtown … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR Corp. Contracts With Lockheed

Posted: 23 Nov 2010 02:05 PM PST

The Cargo Systems division of AAR Corp. (NYSE:AIR) has won a contract from Lockheed Martin Corporation (NYSE:LMT) to produce and supply C-130 cargo handling systems and spares components for 30 Lockheed C-130 Hercules aircraft.
In the past, AAR Corp. has supplied a total of 1,280 such components to the C-130 aircraft worldwide.
In fiscal 2010, AAR Corp. received a supply chain services and logistics support contract for USAF’s KC-10 fleet, which became fully operational in the fourth quarter of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: DYN, JCG, CPB

Posted: 23 Nov 2010 02:05 PM PST

11/23/10 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

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

Posted: 23 Nov 2010 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3364, down 1.93% at time of writing.

The pair was likely to find support at 1.3362, today's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.75% to hit 0.8476 and EUR/JPY falling 2.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 01:40 PM PST

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

USD/JPY was trading at 83.17, down 0.20% at time of writing.

The pair was likely to find support at 82.79, today's low, and resistance at 83.84, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.91% to hit 1.3366 and GBP/USD falling 1.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ITT Corp. Acquires SRA’s ASO Group

Posted: 23 Nov 2010 01:35 PM PST

ITT Corporation (NYSE:ITT) completed the acquisition of SRA International's Airport Operations Solutions (AOS) group. The acquisition was initially announced in September 2010. Terms of the deals were not disclosed.
SRA International's ASO group is operating in North America since 1974 as a renowned supplier of airport solutions. The addition of ASO business will aid ITT Corporation in penetrating in the air traffic management industry. The company believes SRA's broad and spontaneous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Edison Unit Signs Power Contracts

Posted: 23 Nov 2010 01:35 PM PST

Electric utility Edison International (NYSE:EIX) announced that its unit Southern California Edison (SCE) has signed 21 contracts to purchase nearly 259 megawatts (MW) of renewable power, which can light up 168,000 average homes.
Out of these contracts, 20 are for electricity produced by solar photovoltaic projects, and 1 is for 19.5 MW of wind power. Edison's unit has signed the majority of these agreements with San Francisco based solar PV firm Silverado Power.
The renewable power contracts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive Data On Alexion’s Soliris

Posted: 23 Nov 2010 01:35 PM PST

Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) recently announced final data from a 26-week phase IIa trial investigating Soliris as a treatment for atypical hemolytic uremic syndrome (aHUS) in adolescent and adult patients who are resistant to plasma therapy at the American Society of Nephrology annual meeting.
Interim data from the study was earlier presented in the form of abstracts in October 2010. Soliris met its primary and secondary endpoints with statistical significance and clinical relevance. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disagreement At The Fed

Posted: 23 Nov 2010 01:35 PM PST

The minutes to The Federal Reserve meeting on November 3rd were released today and showed an unusual amount of disagreement about the state of the economy and what the Fed should do about it.  Below are the key sections of the minutes. In between, I insert my commentary/translation.

“Participants generally agreed that the most likely economic outcome would be a gradual pickup in growth with slow progress toward maximum employment. They also generally expected that inflation would remain, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3371, down 1.88% at time of writing.

The pair was likely to find support at 1.3362, today's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.80% to hit 0.8472 and EUR/JPY falling 2.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Consumer Spending Is Back To Pre-Recession Level

Posted: 23 Nov 2010 01:21 PM PST

From Table 8 in today’s BEA report: Real personal consumer expenditures reached $9.34 trillion in the third quarter, the highest amount of quarterly spending since the slightly higher $9.342 trillion in the fourth quarter of 2007 when the recession started (see top chart).

On a percentage basis, real personal consumption expenditures grew by 2% in the third quarter compared to the same quarter last year, and this was the largest quarterly increase in consumer spending in three years going … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 1.27%

Posted: 23 Nov 2010 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.27%, the S&P 500 index shed 1.43%, while the Nasdaq 100 index declined 1.59%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 2.47%; Germany's DAX shed 1.72%; Britain's FTSE 100 declined 1.75%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Architectural In The Red

Posted: 23 Nov 2010 01:05 PM PST

China Architectural Engineering Inc. (NASDAQ:CAEI) reported yet another quarter of loss with a net loss of $8.7 million or 13 cents per share for its third quarter ended September 30, 2010. In the year-ago quarter the company had recorded a loss of $8.4 million or 16 cents per share.
A decline in contract revenue owing to fewer projects along with higher raw material and labor and administrative costs perpetrated the loss in the reported quarter.
Revenue plunged 83% on a year-over-year basis to $4.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5776, down 1.15% at time of writing.

The pair was likely to find support at 1.5760, today's low, and resistance at 1.6095, Friday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.73% to hit 0.8478 and GBP/JPY falling 1.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DIRECTV And DISH To Join Up

Posted: 23 Nov 2010 12:35 PM PST

Competition some time results in strange business agreements. The two fierce rivals of the U.S. commercial satellite TV market, DIRECTV (NASDAQ:DTV) and DISH Network Corp. (NASDAQ:DISH) are on the verge of entering a joint deal with a media buyer through which interactive advertisements will flow to both DIRECTV and DISH subscribers. In April 2010, these two companies formed a joint venture called 'Advanced Satellite Advertising Platform' to offer a combined interactive advertisement platform to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

URS Gets Navy Order

Posted: 23 Nov 2010 12:35 PM PST

URS Corporation (NYSE:URS) has won orders from the Department of Defense for providing maintenance related services to the U.S. Navy aircraft stationed in California, Washington and Virginia. There are five such two-year orders having a maximum value of $120.5 million for the company.
URS will facilitate flight support programs, organizational level maintenance activities, corrosion control and tool room management activities and provide back-up for 300 aircraft.
URS continues to see favorable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Deals For BMC Software

Posted: 23 Nov 2010 12:35 PM PST

Leading large enterprise software company BMC Software Inc. (NYSE:BMC) recently announced that the New Zealand Transport Agency (NZTA) has successfully implemented its cloud-based, service-desk solution. Financial terms of the deal were not divulged.
The NZTA was formed through a merger between two government departments, namely Transit New Zealand and Land Transport New Zealand, to make traveling safer for residents. The service provided by the NZTA is based on the Information Technology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Statoil To Sell Stake In Project

Posted: 23 Nov 2010 12:05 PM PST

Norway based integrated energy company Statoil ASA (STO) announced the sale of its 40% interest in its oil sands project of Kai Kos Dehseh to PTT Exploration and Production ("PTTEP") of Thailand. Statoil will receive a total consideration of $2.28 billion for the sale.
With the ownership of the remaining 60% interest, Statoil will continue to function as the Managing Partner and operator of the project. The deal is expected to be sealed in the first quarter 2011, with the effective date, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic To Acquire Ardian

Posted: 23 Nov 2010 12:05 PM PST

Leading medical devices company, Medtronic (NYSE:MDT) has decided to acquire California based privately held, Ardian for an upfront payment of $800 million. Additionally, Medtronic is liable to pay milestone payments based on Ardian's revenues through 2015.
The transaction, subject to approvals, is expected to close during the third quarter of fiscal 2011. Medtronic currently holds an 11% stake in Ardian.
Ardian develops catheter-based therapies to treat hypertension and related conditions. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 12:05 PM PST

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

USD/CAD was trading at 1.0240, up 0.52% at time of writing.

The pair was likely to find support at 1.0122, Monday's low, and resistance at 1.0265, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.90% to hit 1.3368 and GBP/USD falling 1.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Satellites Show Mall Traffic Surge In November

Posted: 23 Nov 2010 11:50 AM PST

BARRONS — “Mall traffic for November 2010 has shown a steep rise recently, according to a report released today by Thomson Reuters. Using satellite images the firm is able to measure parking lot traffic, which correlates well with same-store sales. 
.
"Based on this relationship, we may be seeing an early sign that stronger November 2010 mall traffic is pointing to stronger same-store sales," wrote Thomson Reuters analyst Jharonne Martis-Olivo in the report. At 3.5%, the Thomson … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver To Consolidate Now Before Breaking Out

Posted: 23 Nov 2010 11:45 AM PST

In late August I penned a forecast for my subscribers to TMTF on Silver, and below is a brief excerpt from August 31st:
I believe Silver is about to stage a pretty large advance based loosely on the Elliott Wave pattern I see unfolding after a 9 odd month consolidation. (Obviously, there are also fundamental fiat currency/debt events worldwide that give it the underlying bull chart pattern). Since the average person can't run out and buy an ounce of Gold for $1,240 tomorrow, as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novell To Be Acquired By Attachmate

Posted: 23 Nov 2010 11:35 AM PST

Acquisition Details
Enterprise software developer, Novell Inc. (NASDAQ:NOVL) announced that it will be acquired by Attachmate Corporation, a software company supported by private equity firms such as Golden Gate Capital, Francisco Partners and Thoma Bravo. Novell expects the deal to close in the first quarter of 2011.
Attachmate Corporation will acquire Novell for $6.10 per share in cash in a transaction valued at approximately $2.2 billion.
The purchase price represents a premium of 28.0% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

California Pizza Kitchen Expands

Posted: 23 Nov 2010 11:35 AM PST

Los Angeles-based California Pizza Kitchen Inc. (NASDAQ:CPKI), which currently owns and operates 207 restaurants and franchises 56 restaurants, is on track to open three company-owned full service restaurants in the fourth quarter of fiscal 2010 in the U.S. In addition, California Pizza Kitchen's franchisees plan to open two international full-service  restaurants within the same time-frame.
Recently, the company opened its first full-service restaurant in Tuscon, Arizona. The new 4,400 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Starwood Hikes Dividend

Posted: 23 Nov 2010 11:35 AM PST

White Plains, New York-based Starwood Hotels & Resorts Worldwide Inc. (HOT) recently announced its decision to hike annual dividend by 10 cents to 30 cents per share. This translates into a 50.0% increase from the prior dividend. The increased dividend will be paid on December 30, 2010, to stockholders of record on December 16, 2010. This brings the forward annual dividend yield as of November 22, 2010, to 0.5%.
The hotel and leisure company almost a year back cut down its annual cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Happened To The Celtic Tiger?

Posted: 23 Nov 2010 11:22 AM PST

According to a sign in my office, it's exactly 4,381 miles from Dallas, Texas, to Limerick, Ireland.
That sign, a replica of an Irish road sign, was given to me by a colleague, Mark Wynne, who took my place in a forthcoming speaking assignment in Ireland when I retired from the Dallas Fed in November 2004. Limerick was between the airport and the Irish venue, and I had looked forward to stopping there, musing with my muse, and getting a picture of the city limit sign. Mark, an Irish born … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 11:15 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3383, down 1.79% at time of writing.

The pair was likely to find support at 1.3371, today's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.69% to hit 0.8482 and EUR/JPY falling 2.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk, Risk, Risk: USD And JPY Rally On Safe-Haven Flows

Posted: 23 Nov 2010 11:06 AM PST

Traders and investors have been bombarded by negative stories of late. The announcement that Ireland would request aid from the EU and IMF was met with broad Euro weakness. Concerns remain about how the bailout would work, increased political uncertainty in the country, and the continuing worries of contagion in the Euro-zone. That has put sharp pressure on equities, especially in Europe.

Add to that worries over China slowing its economy which has hit commodities hard, and news that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Gas Turbines For Nigeria

Posted: 23 Nov 2010 11:05 AM PST

General Electric Company (NYSE:GE) will supply four gas turbines for the Omotosho Phase 2 Power Plant, located in southwestern Nigeria. This will help the country reduce its power shortages and blackouts.
GE will provide four Frame 9E gas turbines, generators, accessories, technical assistance and training to the project personnel. The turbines are robust and can be easily maintained.
The new plant should contribute more than 500 megawatts of power to Nigeria's national grid upon entering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Aversion Strong On Korea, Economic Data

Posted: 23 Nov 2010 10:40 AM PST

11/23/10 There was another rise in risk aversion this afternoon following growing tensions amongst North and South Korea as well as a drop in home sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: ETP

Posted: 23 Nov 2010 10:35 AM PST

Earlier this month, Energy Transfer Partners L.P. (ETP) – a master limited partnership ("MLP") – announced its financial results for the third quarter ended September 30, 2010.
Now that the analysts have had some time to ponder upon the quarterly performance of Energy Transfer, they are weighing in their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook.
Earnings Review
On November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing To Buy Summit Aeronautics

Posted: 23 Nov 2010 10:35 AM PST

The Boeing Company (NYSE:BA) has entered into an agreement to acquire Helena, Montana based metal structure supplier Summit Aeronautics Group. The addition of Summit Aeronautics would bolster the company's production capacity of titanium and other hard metal structures. The acquisition is expected to close in the fourth quarter of 2010.
Summit Aeronautics Group has a long association with Boeing of providing hard metal machining for Boeing's different models of aircraft. Summit Aeronautics … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing To Buy Summit Aeronautics

Posted: 23 Nov 2010 10:35 AM PST

The Boeing Company (NYSE:BA) has entered into an agreement to acquire Helena, Montana based metal structure supplier Summit Aeronautics Group. The addition of Summit Aeronautics would bolster the company's production capacity of titanium and other hard metal structures. The acquisition is expected to close in the fourth quarter of 2010.
Summit Aeronautics Group has a long association with Boeing of providing hard metal machining for Boeing's different models of aircraft. Summit Aeronautics … [visit site to read more] or compare Best Credit Cards and Best CD Rates

H-P Beats EPS Estimates (revised)

Posted: 23 Nov 2010 10:35 AM PST

Hewlett-Packard Company (NYSE:HPQ) reported fourth quarter 2010 earnings per share (EPS) of $1.33, exceeding the Zacks Consensus Estimate of $1.26. Revenue of $33.3 billion beats the Zacks Consensus Estimate of $32.7 billion.

Revenues

Revenues increased 8.0% from $30.8 billion reported in the year-ago quarter, which included a negative currency impact of about one percentage point.

Revenues increased across all business segments on a year-over-year basis. As per geographic regions, the Americas … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Humana To Buy Concentra

Posted: 23 Nov 2010 10:35 AM PST

Amidst the concerns regarding funding cuts and the impact of the U.S. health care reform, Humana Inc. (NYSE:HUM) has agreed to acquire Concentra, Inc. for $790 million in cash, to diversify and expand its footprint into medical services nationwide.
Concentra is a private health care company based in Addison, Texas, which provides occupational medicine, urgent care, physical therapy and wellness services. Further, it produces approximately $800 million of revenues annually from 240 workplace … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi Trends Misses, Sales Rise

Posted: 23 Nov 2010 10:35 AM PST

Citi Trends Inc. (NASDAQ:CTRN) recently reported sluggish fiscal 2010 third-quarter results. The company reported a net loss of $0.4 million compared with a net income of $0.6 million in the year-ago quarter. Loss per share came in at 3 cents versus earnings per share of 4 cents in the year-ago quarter and behind the Zacks Consensus Estimate of a loss of 1 cent per share.  

During the quarter, Citi Trends recorded a 10.0% year-over-year growth in net sales to $140.0 million, but missed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Used Home Sales Fall

Posted: 23 Nov 2010 10:35 AM PST

In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time buyer tax credit would expire. The tax credit was unexpectedly extended (and expanded) at the last minute.

Thus, take the year-over-year decline with a grain of salt. The October sales rate was in line … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon Unveils New Broadband Speed

Posted: 23 Nov 2010 10:35 AM PST

Verizon Communications (NYSE:VZ), the second largest U.S. phone company, introduced a new broadband speed of 150 megabits per second for the deployment of FiOS Internet service. This new download speed will cost around $200 per month.
Verizon's download speed offering is 50 times faster than a typical DSL line. Cable TV rival Cablevision Systems Corp. (NYSE:CVC) has been offering a speed of 101 megabits per second for $100 per month since last year, and Comcast Corp. (NASDAQ:CMCSA) rolled out a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 10:35 AM PST

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

AUD/USD was trading at 0.9746, down 1.43% at time of writing.

The pair was likely to find support at 0.9713, today's low, and resistance at 0.9954, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.24% to hit 1.3752 and AUD/JPY falling 1.77% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Everyone Is Trying To Be Liquid…ahead Of Holiday”

Posted: 23 Nov 2010 10:29 AM PST

11/23/10 Meridian Equity Partners’ Joseph Greco discusses today’s selloff in US stocks, and the upcoming trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eaton Vance Buys Model Developer For Non-Transparent Active ETFs

Posted: 23 Nov 2010 10:14 AM PST

In a very interesting new development, Eaton Vance – which is one of the largest money managers in the US managing assets in excess of $185 billion – has acquired a company called Managed ETFs LLC, as was reported by Bloomberg late in the day yesterday. Managed ETFs LLC is a company based out of Summit, NJ that was co-founded by Gary Gastineau and Todd Broms. Gastineau is also the principal of ETF Consultants and he has been behind the formulation of a new approach to operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 23 Nov 2010 10:00 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7622, down 1.28% at time of writing.

The pair was likely to find support at 0.7595, today's low, and resistance at 0.7836, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.14% to hit 1.2788 and EUR/NZD falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eight Healthcare Stocks On Warren Buffett’s Watchlist

Posted: 23 Nov 2010 09:59 AM PST

By Jordan of http://investmentunderground.com/

Warren Buffett

We ran a screen to filter picks that Warren Buffett would like: sustainable business advantages producing significant free cash flows, and healthy returns on equity in excess of 10%.
We also screened for market caps larger than $10 billion in order to "move the needle," meaning, Warren could acquire enough shares to make the investment worthwhile given Berkshire's size.
We provide 12 names that are consistent with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 1.72%

Posted: 23 Nov 2010 09:55 AM PST

Forex Pros – European stocks were down after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 1.72%, London's FTSE 100 shed 1.75%, France's CAC 40 declined 2.47% and the EURO STOXX 50 was down 2.56%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.23%; the S&P 500 index shed 1.27%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Steep Drop In Oil On Korean Exchange Fire & Dollar Rally

Posted: 23 Nov 2010 04:50 AM PST

11/23/10 Oil prices took a hit this session following an exchange fire between North and South Korea as well as a rally in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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