DailyMarkets.com - New Generation Of Credit Cards: Citibank To Test Cards With Buttons & Chip

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• New Generation Of Credit Cards: Citibank To Test Cards With Buttons & Chip
• Opening Bell Market Monitor: LUV, WPO, AIG
• Going For The Gold – Again!
• Forex – USD/CAD Down On Economic Data
• Accenture Grows With Acquisitions
• Forex Trading: USDCAD Tests Parity. 0.9975 Next Key Support
• The Real Cost Of Quantitative Easing
• Forex Trading: USDJPY Tests Support On Bullish Disappointment
• More Than 1 Million Jobs Added So Far This Year, Strongest 10-Month Gain In More Than 3 Years
• Fluor Loss Widens On Charges
• Broadridge Financial Misses Again
• Job Numbers Good. But Good Enough?
• Forex – EUR/USD Down On Economic Data
• Swiss Franc: Under Pressure
• Japanese Yen: Capped By A Negative Trend Line
• British Pound: Capped By A Negative Trend Line
• Euro: Under Pressure
• Forex – USD/JPY Up On Economic Data
• Tesoro Outshines Zacks EPS, Revenue
• Ameren Downgraded To Neutral
• More On Profit Margins
• Forex Trading: EURUSD Moves Lower On Better Jobs But Corrects
• Forex – GBP/USD Down On Economic Data
• The Pickup Truck Indicator: The Recovery Is Real
• Forex – EUR/USD Down On Jobs Data
• U.S. Unemployment Rate Remains Unchanged
• U.S. Non-farm Payrolls Rise More-than-expected
• ValueClick Beats Zacks Estimate
• CBS Corp. Surpasses Estimates
• Acorda Profit Soars On Ampyra Sales
• McDonald’s Europe President Resigns
• Stock Market Rallies On Liquidity: Don’t Get Greedy
• Forex Trading: All Eyes On Non-Farm Payrolls And Then Greek Elections
• Maintain Outperform On FBIZ
• Public Storage Misses Estimates
• Forex – EUR/GBP Down During The European Session
• Republican Victory And Fed Easing Means It’s Time To Shift From Commodities To U.S. Stocks
• Seven Ways To Profit From The GOP’s Pledge To Sustain Defense Spending
• Canada’s Employment Change Misses Expectations, Unemployment Rate Falls To 7.9 Percent
• Forex – EUR/USD Down On Economic Data
• Forex – EUR/JPY Down On Economic Data

New Generation Of Credit Cards: Citibank To Test Cards With Buttons & Chip Posted: 05 Nov 2010 07:35 AM PDT One of the most popular features consumers look for in a credit card is the rewards program of the card. There are many different ways of redeeming your accumulated rewards or points, depending on the card issuers and the type of cards. Citibank (NYSE:C) has just come up with a new credit card, known as 2G, for second generation, that will have two buttons, allowing consumers to choose whether to pay with their credit card or their rewards. Starting this month, Citi will begin testing this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: LUV, WPO, AIG Posted: 05 Nov 2010 07:31 AM PDT 11/05/10 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

Going For The Gold – Again! Posted: 05 Nov 2010 07:18 AM PDT Fundamentals After a brief downward correction during the past couple of weeks, Gold bulls have re-asserted themselves on Thursday, sending prices up over $50 per ounce to new contract highs, on the aftermath of the Federal Reserve’s announcement regarding round two of quantitative easing. The Fed announced that it will purchase $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, and also reinvest the proceeds from maturing mortgage securities, which could … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data Posted: 05 Nov 2010 07:15 AM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. USD/CAD was trading at 1.0008, down 0.15% at time of writing. The pair was likely to find support at 0.9996, today's low, and resistance at 1.0203, Monday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Accenture Grows With Acquisitions Posted: 05 Nov 2010 07:05 AM PDT Technology outsourcing and consulting major Accenture Inc. (NYSE:ACN) recently acquired another Philadelphia-based consulting company, Knowledge Rules Inc., which focuses exclusively on implementing and integrating business solutions using Pegasystems' Business Process Management (BPM) software. The company did not disclose the financial terms of this transaction. The consulting major already has a BPM division, which helps in running customers' business processes. This acquisition is expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Tests Parity. 0.9975 Next Key Support Posted: 05 Nov 2010 06:52 AM PDT The USDCAD has tested the 100 hour MA today (after the Canada Employment) and is now down testing/below the 1.0000 level. The next target is key support against the bottom trendline at the 0.9975 level.  The 1.0011 level will be watched above. This was the low from yesterdays trade.  Other upside targets would be 1.0029.  The CAD has been supported by much strong Building Permits today (UP 15.3%).  The Employment report was mixed although it did show strong Full Time … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Real Cost Of Quantitative Easing Posted: 05 Nov 2010 06:49 AM PDT Life is ultimately a matter of perspective. Two people can look at a situation and see decidedly different things. Having been traveling for the better part of this week, I got home late last night to check on how markets closed yesterday. When I saw that equity markets rallied 2 per cent, commodities rose a like amount, and bonds also increased in value, I was not surprised but I was not thinking that I had reason to be cheerful either. I merely raised my eyebrows and went … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests Support On Bullish Disappointment Posted: 05 Nov 2010 06:38 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Than 1 Million Jobs Added So Far This Year, Strongest 10-Month Gain In More Than 3 Years Posted: 05 Nov 2010 06:38 AM PDT Private-sector payroll jobs increased in October for the 10th straight month, as private employers have added 1,115,000 jobs so far this year, according to today’s BLS report (see chart above). The last time there were 10 consecutive months of private employment gains was in the 2006-2007 period before the recession started, which was also the last time that more than 1 million jobs were add in a 10-month period. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fluor Loss Widens On Charges Posted: 05 Nov 2010 06:35 AM PDT Fluor Corporation (NYSE:FLR) reported earnings per share from continuing operations of 92 cents in the third quarter of 2010, after adjusting for one-time charges. Revenues were $5.5 billion, up from $5.4 billion in the third quarter of 2009 but higher than the Zacks Consensus Estimate of $5.1 billion. New project awards in the third quarter were $7.6 billion, which surpassed the average of $3 billion for the prior quarters. Awards in the quarter were diversified, including $3.0 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Broadridge Financial Misses Again Posted: 05 Nov 2010 06:35 AM PDT Broadridge Financial Solutions Inc. (NYSE:BR) reported first-quarter fiscal 2011 earnings per share of 10 cents, down from 19 cents in the prior-year quarter and below the Zacks Consensus Estimate of 12 cents. The operating results were significantly down from the previous quarter, which according to management was in line with expectations. The drop was mainly due to the implementation of the Penson outsourcing services agreement. Moreover, last quarter's results had benefited from higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Job Numbers Good. But Good Enough? Posted: 05 Nov 2010 06:35 AM PDT More evidence that a double-dip recession is not in our future, the Bureau of Labor Statistics (BLS) released new employment numbers this morning. The results were positive: 151,000 non-farm payroll jobs were created in the month of October, way up from the revised September jobs number of a loss of 41,000 jobs. The September number had previously been reported as 95,000 jobs lost. Earlier this week, ADP (NYSE:ADP) reported a gain of 43,000 jobs, which itself beat expectations by 20,000 or so. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data Posted: 05 Nov 2010 06:25 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4077, down 0.91% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure Posted: 05 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: Capped By A Negative Trend Line Posted: 05 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: Capped By A Negative Trend Line Posted: 05 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: 05 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

Forex – USD/JPY Up On Economic Data Posted: 05 Nov 2010 06:10 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. USD/JPY was trading at 81.18, up 0.54% at time of writing. The pair was likely to find support at 80.33, Monday's low, and resistance at 81.57, Wednesday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tesoro Outshines Zacks EPS, Revenue Posted: 05 Nov 2010 06:05 AM PDT Independent refiner and marketer of refined petroleum products Tesoro Corp. (TSO) reported impressive third quarter 2010 results. Net earnings per share, excluding certain expenses, came in at 51 cents, comfortably topping the Zacks Consensus Estimate of 43 cents and the year-ago quarter result of 24 cents. After including the after-tax expense related to the Anacortes refinery accident, earnings per share for the third quarter 2010 came in at 39 cents. The company generated revenues of $5.32 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ameren Downgraded To Neutral Posted: 05 Nov 2010 06:05 AM PDT Ameren Corporation(NYSE:AEE), an integrated utility headquartered in St. Louis, Missouri, has been downgraded from Outperform to Neutral. The rating has been downgraded mainly due to the projected downside in the near-term at its merchant generation segment as a result of lower realized power prices, reflecting the economic slowdown, and higher fuel and related transportation costs, reflecting the expiration of lower-cost coal and rail contracts. We also remain cautious on the stock, owing to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More On Profit Margins Posted: 05 Nov 2010 05:59 AM PDT By Seeking Delta of http://seekingdelta.wordpress.com/ An update to last week's look at how QE2 may impact corporate profit margins. First, a chart of S&P 500 revenues and profits. This view complements the profit margin chart from last week.   Profit has recovered to within 10% of the all-time peak but revenue has only recovered to 15% of peak. Demand remains relatively weak with some of the rebound in profit due to the significant cost cutting done by major … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Lower On Better Jobs But Corrects Posted: 05 Nov 2010 05:58 AM PDT Watcht the 1.4111 to 1.4125 above. A move below the 1.4072 and 1.4059 (100 hour MA) needed to put bears back in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down On Economic Data Posted: 05 Nov 2010 05:55 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. GBP/USD was trading at 1.6222, down 0.29% at time of writing. The pair was likely to find support at 1.5963, Tuesday's low, and resistance at 1.6299, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Pickup Truck Indicator: The Recovery Is Real Posted: 05 Nov 2010 05:51 AM PDT In October, overall vehicle sales increased by 13.4% compared to October 2009, but that increase was largely because light truck sales increased by 23.5%, more than six times the 3.9% increase in passenger car sales.  Year-to-date, truck sales are up by 16.7%, more than three times the 5.3% increase in passenger car sales so far this year. What does that signal? The economic recovery is real.  Here’s some background:  AutoNation Chairman and CEO Mike Jackson (featured on a CD … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Jobs Data Posted: 05 Nov 2010 05:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4088, down 0.83% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Unemployment Rate Remains Unchanged Posted: 05 Nov 2010 05:40 AM PDT The rate of unemployment in the U.S. last month remained unchanged, official data showed on Friday. In a report, the U.S. Department of Labor said the unemployment rate remained unchanged at a seasonally adjusted 9.60%, from 9.60% in the preceding month . Analysts had expected the U.S. unemployment rate to remain unchanged at 9.60% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Non-farm Payrolls Rise More-than-expected Posted: 05 Nov 2010 05:40 AM PDT U.S. non-farm payrolls rose more-than-expected last month, official data showed on Friday. In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 151.00K, from -41.00K in the preceding month whose figure was revised up from -95.00K. Analysts had expected U.S. non-farm payrolls to rise 60.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ValueClick Beats Zacks Estimate Posted: 05 Nov 2010 05:36 AM PDT ValueClick Inc. (NASDAQ:VCLK) reported strong third quarter results, comprehensively beating the Zacks Consensus Estimate of 14 cents. Earnings (including stock-based compensation but excluding one-time items) were 23 cents per share, down 23.3% year over year from 30 cents reported in the prior-year quarter. The reported earnings per share were above ValueClick's guidance range of 18 cents to 19 cents. Revenues Revenues inched up 1.5% year over year to $106.8 million, but achieved 7.2% sequential … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CBS Corp. Surpasses Estimates Posted: 05 Nov 2010 05:36 AM PDT CBS Corporation (NYSE:CBS) continued positive operating and cost-containment efforts to report a strong third quarter 2010 results, beating expectations and surpassing the previous financial reports significantly. Management also reported that the margin is approaching the pre-recession levels. CBS Corp. reported third quarter adjusted earnings per share at 35 cents which surpassed the Zacks Consensus Estimate of 31 cents and also increased 40% both sequentially and year-over-year. Quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Acorda Profit Soars On Ampyra Sales Posted: 05 Nov 2010 05:36 AM PDT Acorda Therapeutics Inc. (NASDAQ:ACOR) reported earnings of 31 cents per share in the third quarter of 2010, in contrast to the Zacks Consensus Estimate of a loss of 12 cents and the year-ago loss of 51 cents. Higher revenues helped boost the company's earnings. Revenues Revenues saw a whopping 318.4% increase to $63.6 million in the third quarter, beating the Zacks Consensus Estimate of $50 million with Ampyra sales exceeding expectations. Third quarter revenues consisted of $61.3 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDonald’s Europe President Resigns Posted: 05 Nov 2010 05:36 AM PDT The world’s largest hamburger chain, McDonald’s Corp. (NYSE:MCD), announced that Denis Hennequin, the president of its European division, will resign effective November 30. Hennequin is leaving the company to join Accor Hotel Group as the chief executive officer (CEO). Hennequin had started his journey at McDonald's in 1984 as an assistant store manager and subsequently held an array of managerial positions. In 1996, he held the position of president and managing director for McDonald’s France. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Rallies On Liquidity: Don’t Get Greedy Posted: 05 Nov 2010 05:17 AM PDT FOMC free money program stimulates the markets again. The Dow Jones Industrial Average gained more than 2% yesterday to push above the April high. The economy on the other hand is still trudging along. The assumed purpose behind quantitative easing is to lower rates and stimulate lending, which in turn stimulates the economy. The challenge, the economy is growing at a 2% clip. This isn't exactly record breaking growth relative to the stimulus provided over the last two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: All Eyes On Non-Farm Payrolls And Then Greek Elections Posted: 05 Nov 2010 05:15 AM PDT Risk "on" continues to be the dominant theme in markets. AUDUSD rallied to 1.0183 while Gold hit a new all-time high at $1394.41 in Asian trading. Asian regional indexes were broadly higher with the Nikkei for the second day running leading the pack at +2.86%. The USD had a rough day as the Fed announced it "intends" to purchase $600bn in assets, and the continuation of zero interest rate policy encourages use of the greenback a core funding currency. Some analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Maintain Outperform On FBIZ Posted: 05 Nov 2010 05:06 AM PDT Written by Ann Heffron, CFA We are maintaining our Outperform recommendation on First Business Financial Services, Inc. ( FBIZ ) posted third quarter diluted EPS of $0.38, down 28% from the $0.53 earned last year and $0.06 shy of our $0.44 estimate, principally due to a larger-than-expected increase in the loan loss provision. This was the result of growth in the loan portfolio. Loans outstanding rose 4.1% sequentially to $880 million as the Company closed a few big loan deals near the end … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Public Storage Misses Estimates Posted: 05 Nov 2010 05:06 AM PDT Public Storage (NYSE:PSA), a top real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2010 FFO (funds from operations) of $1.69 per share, compared with $1.44 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The increase in year-over-year FFO was primarily due to several non-recurring items, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The European Session Posted: 05 Nov 2010 05:00 AM PDT Forex Pros – The Euro was lower against the British Pound on Friday after the release of euro zone data on Retail Sales. EUR/GBP was trading at 0.8690, down 0.48% at time of writing. The pair was likely to find support at 0.8652, Monday's low, and resistance at 0.8818, Thursday's high. Earlier in the day, official data showed that retail sales in the euro zone fell unexpectedly to a seasonally adjusted -0.20% last month, from -0.20% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Republican Victory And Fed Easing Means It’s Time To Shift From Commodities To U.S. Stocks Posted: 05 Nov 2010 04:59 AM PDT The U.S. economic and investment world has changed fundamentally in the last 48 hours from two key events: The massive Republican victory in Tuesday’s midterm elections. And the $600 billion worth of bond purchases by the U.S. Federal Reserve. These two events have changed the trajectory of the U.S. economy, probably for the next two years. As investors, we’d better adapt to them – and fast. A New Political Landscape The GOP victory in the U.S. House of Representatives was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Seven Ways To Profit From The GOP’s Pledge To Sustain Defense Spending Posted: 05 Nov 2010 04:46 AM PDT Investors typically hate it when a stock bombs, but there are also times when bombs can make for good investments – and right now could be one of them. With the Republicans seizing control of the U.S. House of Representatives and making gains in the Senate in Tuesday’s mid-term elections, it now seems far more likely that the GOP will be able to honor its pledge not to cut defense outlays as it seeks to rein in discretionary government spending. For the near term, that means the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canada’s Employment Change Misses Expectations, Unemployment Rate Falls To 7.9 Percent Posted: 05 Nov 2010 04:45 AM PDT          Fundamental Headlines • Europe's Markets Reverse Gains– Wall Street Journal • Fed Enters Once – Taboo Realm – Wall Street Journal • China Criticises U.S. Plan For G20 – Financial Times • ECB Rejects Request For Greek Swap Files, Citing "Acture" Risks- Bloomberg •Fed Said to Plan Guidelines for Bank Dividends, Stock Buybacks – Bloomberg USDCAD: Employment in Canada rose 3.0K during the month of October after falling 6.6K … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data Posted: 05 Nov 2010 04:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on Retail Sales. EUR/USD was trading at 1.4101, down 0.74% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that retail sales in the euro zone fell unexpectedly to a seasonally adjusted -0.20% last month, from -0.20% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down On Economic Data Posted: 05 Nov 2010 03:25 AM PDT Forex Pros – The Euro was lower against the Japanese Yen on Friday after the release of euro zone data on Retail Sales. EUR/JPY was trading at 114.21, down 0.43% at time of writing. The pair was likely to find support at 111.79, Monday's low, and resistance at 115.42, Thursday's high. Earlier in the day, official data showed that retail sales in the euro zone fell unexpectedly to a seasonally adjusted -0.20% last month, from -0.20% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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