Friday, November 12, 2010

DailyMarkets.com - Review Of Blue Sky From American Express – A No-Fee Travel Rewards Credit Card

DailyMarkets.com - Review Of Blue Sky From American Express – A No-Fee Travel Rewards Credit Card


Review Of Blue Sky From American Express – A No-Fee Travel Rewards Credit Card

Posted: 12 Nov 2010 07:35 AM PST

Before applying for this card, read this!

I’m a big fan of travel rewards cards as I love traveling – but only those with great flexibility and don’t charge an annual fee. Many travel rewards credit cards in the US come with an annual fee and can be quite inflexible, but not this travel rewards card which I’m going to review now – Blue Sky from American Express℠. This credit card (not a charge card), issued by American Express (NYSE:AXP), is one of a kind, with points that are worth 33% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Yen Gains On Lower Stock Prices, Euro Supported By Ireland Bailout Story

Posted: 12 Nov 2010 07:22 AM PST

Main Stories for Friday, Nov 12th:

Fears of China rate hike over the weekend because of high inflation report earlier this week sent equities sharply lower in China. The concern is that China will work to curb its growth, and tighter monetary policy in China will contribute to slower overall growth. That hit commodities pretty hard, and therefore commodity currencies.

News that China plans to introduce new investment rules to curb foreign flows into its domestic real estate market … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cheap At Half The Yield?

Posted: 12 Nov 2010 07:18 AM PST

Fundamentals
The long end of the Treasuries yield curve reminds unloved by speculators despite relatively attractive interest rates when compared to shorter maturities. For example, the yield on 2-year treasuries is a scant 0.42%. The 30-year bond however is currently yielding 4.33%. This huge difference is the product of investors’ fears of longer term inflation as well as the Federal Reserve’s purchases of U.S. Government debt (QE2). The recent Fed announcement that it would be purchasing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up On Economic Data

Posted: 12 Nov 2010 07:10 AM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

USD/CAD was trading at 1.0068, up 0.35% at time of writing.

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

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


VirtualScopics Turns To Profit

Posted: 12 Nov 2010 07:05 AM PST

Medical imaging solutions provider VirtualScopics (NASDAQ:VSCP) has posted a turnaround in third-quarter fiscal 2010. The Rochester, New York-based company registered a net income of $628,699 in the quarter versus a net loss of $215,907 a year-ago, riding on solid top line growth. Third quarter earnings of 2 cents per share beat the Zacks Consensus Estimate by a penny.
Revenues jumped 28% year over year to roughly $3.6 million, helped by healthy demand for the company's services across novel … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Prudential To Buy Biz, Raises Funds

Posted: 12 Nov 2010 07:05 AM PST

US insurer Prudential Financial Inc. (NYSE:PRU) has commenced the offering of 18.4 million of its common shares at a price of $54.50 each. The net funds of $970 million from the issue would be used to finance part of the acquisition of American International Group Inc.'s (NYSE:AIG) two Japanese life units – AIG Star Life Insurance Co. and AIG Edison Life Insurance Co.
The deal, which was finalized in September, would cost Prudential around $4.8 billion, including $600 million of the acquiring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. UoM Consumer Sentiment Rises More-than-expected

Posted: 12 Nov 2010 07:05 AM PST

U.S. UoM consumer sentiment rose more-than-expected last month, preliminary data showed on Friday.

In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 69.30, from 67.70 in the preceding month.

Analysts had expected UoM consumer sentiment to rise to 69.00 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market’s Uptrend Still Intact Despite Cisco’s Disappointing Guidance

Posted: 12 Nov 2010 06:45 AM PST

Markets took a sucker punch from Cisco's (NASDAQ:CSCO) forward guidance yesterday. Was the investor psyche damaged enough to allow the sellers to gain control of the short term trend? Today we are watching the major indexes for clues as well as the leaders. The S&P 500 index broke above the April high last week and is in the process of testing the move. The chart of the S&P 500 index below shows the uptrend still intact along with the test currently near the highs.

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


Disney Misses

Posted: 12 Nov 2010 06:35 AM PST

The Walt Disney Company (NYSE:DIS), a diversified entertainment company, recently posted fourth-quarter 2010 results that missed the Zacks expectations. Quarterly earnings of 45 cents a share missed the Zacks Consensus Estimate by a penny and slipped 2% from 46 cents earned in the prior-year quarter.
The fall in the bottom line was due to revenue declines across Media Networks, and Parks and Resorts divisions. However, Disney hinted that for first-quarter 2011, the advertising revenues at both … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Life Technologies

Posted: 12 Nov 2010 06:35 AM PST

Subsequent to the announcement of Life Technologies' (LIFE) third quarter fiscal 2010 results on October 26, 2010, revision of estimates among analysts depict a mixed trend for both fiscal 2010 and 2011.
Second Quarter Highlights
Life Technologies reported an EPS of 56 cents in the third quarter of 2010 compared to 22 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 87 cents, surpassing the Zacks Consensus Estimate of 78 cents and 19% higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GM Tops Ford In Profits

Posted: 12 Nov 2010 06:35 AM PST

The new General Motors (MTLQQ) has topped both its hometown rivals, Ford Motor Co. (NYSE:F) and Chrysler LLC, with a profit of $2.16 billion or $1.20 per share in the third quarter of the year, in sharp contrast to a loss of $858 million or 73 cents per share in the year-ago quarter. Operating income was $1.85 billion versus a loss of $1 billion a year ago.
During the quarter under review, Ford reported a profit of $1.91 billion while Chrysler posted a loss of $84 million. In North America, GM … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Eaton, Goldman Sachs Group, Morgan Stanley, Walt Disney Company, Wendy’s International, NVIDIA, Yahoo!

Posted: 12 Nov 2010 06:35 AM PST

 Disney (NYSE:DIS) reported fiscal fourth quarter earnings of $0.45 ex-items, a one cent miss, versus $0.47 a year earlier, as revenues fell 1.4% to $9.7 billion and were below estimates of $9.9 billion

 Nvidia (NASDAQ:NVDA) profits fell 21% to $0.15, a one penny beat, as revenues fell 6.6% YoY to $844 million, in-line with estimates

 A report from TechCrunch averred Yahoo (NASDAQ:YHOO) is planning to lay off 20% of its workforce; however, the company disputed the account, noting plans … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up On Economic Data

Posted: 12 Nov 2010 06:30 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on GDP.

EUR/USD was trading at 1.3743, up 0.55% at time of writing.

The pair was likely to find support at 1.3574, today's low, and resistance at 1.4085, Monday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose less-than-expected to a seasonally adjusted 0.40% in the last quarter from 1.00% in the preceding quarter.

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


Making The Case For More Nuclear Power

Posted: 12 Nov 2010 06:23 AM PST

From yesterday’s Detroit News:

To be sure, we also need to consider all forms of renewable energy as they become cost-effective, but the unavoidable truth is that nuclear plants occupy a small fraction of the land required for solar and wind power. And while nuclear plants produce electricity about 90 percent of the time, wind turbines generate power, on average, only 30 percent of the time and require back-up electricity from fossil fuel turbines on days when the weather isn’t cooperating. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 12 Nov 2010 06:18 AM PST

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: 12 Nov 2010 06:18 AM PST

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: 12 Nov 2010 06:18 AM PST

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


Euro: Caution

Posted: 12 Nov 2010 06:18 AM PST

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


Toast Yourself

Posted: 12 Nov 2010 06:09 AM PST

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


Abiomed Still Neutral

Posted: 12 Nov 2010 06:06 AM PST

We reiterate our Neutral recommendation on Abiomed (NASDAQ:ABMD), a firm engaged in the development and marketing of medical products to assist or replace the pumping function of the failing heart.Second-quarter fiscal 2011 net loss per share of 9 cents was below the Zacks Consensus Estimate of 14 cents.
Net loss narrowed 58% year over year as revenues (up 17%) were boosted by strong sales of the company's Impella cardiac pumps, which cruised 33% in the quarter. However, the results were partly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Acorn Energy Reports Strong Revenue Growth

Posted: 12 Nov 2010 06:05 AM PST

Written by Steven Ralston, CFA
Acorn Energy Inc (NASDAQ:ACFN) reported third quarter results with strong revenue growth at four of Acorn's five companies. Results at DSIT and CoaLogix were particularly impressive, despite start-up costs at the new Steele Creek facility. Disappointing results at Coreworx motivated management to divest the major portion of that company to operating management.  John Moore is demonstrating financial discipline in the decision to curtail the funding of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral On Arris Group

Posted: 12 Nov 2010 06:05 AM PST

We upgrade our recommendation for Arris Group Inc. (NASDAQ:ARRS) to Neutral based on its current valuation, which has fallen by nearly 24% in the past one year and is now trading at significantly low multiples compared to peers with respect to several valuation metrics. The company reported a mixed financial result for the third quarter of 2010 and provided a disappointing fourth quarter outlook. We believe margin pressure will continue in the near future due to near completion of DOCSIS 3.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sentiment Update: Bullish Sentiment At 46 Month High

Posted: 12 Nov 2010 05:38 AM PST

By Seeking Delta of http://seekingdelta.wordpress.com

Both the NAAIM (active money managers) and AAII (individual investors) sentiment surveys released this week show a spike in bullish sentiment. The biggest increase in bullish sentiment came in the AAII survey where the bullish reading jumped to 58% from 48% last week. This is the highest level since January 2007.
This week, active managers have, on average, a 72% allocation to equities. This is up from 70% last week. The median … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DATATRAK (DATA) Delivers A Solid Quarter

Posted: 12 Nov 2010 05:35 AM PST

Written by Ken Nagy, CFA

DATATRAK International, Inc. (NASDAQ:DATA) is a global technology and services company delivering electronic clinical (eClinical) solutions to support clinical research. Its software suite and service offerings are used to collect, review, report, store and submit to regulatory agencies clinical trial data electronically. While the competition uses an integrated heterogeneous solution (information silos), DATATRAK uses a unified system. The result is seamless communication, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


This posting includes an audio/video/photo media file: Download Now

Earnings Scorecard: Thermo Fisher

Posted: 12 Nov 2010 05:35 AM PST

Subsequent to the announcement of Thermo Fisher Scientific's (NYSE:TMO) third quarter fiscal 2010 results on October 27, 2010, revision of estimates among analysts depict a positive trend for both fiscal 2010 and 2011.
Third Quarter Highlights
Thermo Fisher reported an EPS of 66 cents in the third quarter of fiscal 2010 compared to 53 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 90 cents, way above the Zacks Consensus Estimate of 83 cents and 15% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The European Session

Posted: 12 Nov 2010 05:30 AM PST

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

GBP/USD was trading at 1.6119, down 0.02% at time of writing.

The pair was likely to find support at 1.5954, Tuesday's low, and resistance at 1.6215, Monday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8510 and GBP/JPY falling 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


6 Blogs That Will Help You Understand Economics

Posted: 12 Nov 2010 05:12 AM PST

Petrobras Profit Up, Tops Estimates

Posted: 12 Nov 2010 05:07 AM PST

Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR ), or Petrobras S.A., announced its third quarter earnings of R$8.6 billion or R$0.97 per share, compared with R$7.9 billion or R$0.90 per share in the year-earlier quarter.
Earnings per ADR came in at $1.13 (Exchange rate: U.S.$1.00 = R$1.72, 1 ADR = 2 shares), ahead of the Zacks Consensus Estimate of 92 cents. Petrobras' net operating revenues of R$54.7 billion (or approximately $31.8 billion) was up 14.3% from the third quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Repsol Beats On Volumes & Prices

Posted: 12 Nov 2010 05:07 AM PST

Repsol YPF S.A. (NYSE:REP) reported better-than-expected third-quarter earnings of 50 cents per ADR, topping the Zacks Consensus Estimate and year-earlier earnings of 47 cents. Net income from continuing operation was $578 million, up 5% year over year.
Total revenue in the quarter was $18.9 billion, up 4% from the year-earlier quarter. The strong results were driven by improved commodity prices, higher volumes, appreciation of dollar and solid contribution from the Downstream segment.
Operational … [visit site to read more] or compare Best Credit Cards and Best CD Rates


World’s Criticism Of Fed Bordering On Hypocrisy

Posted: 12 Nov 2010 04:53 AM PST

The following ran as an op-ed piece in The Dallas Morning News on Thursday, November 11, 2010.
Bob

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


Five Ways The Cell Phone Is Changing The World

Posted: 12 Nov 2010 04:50 AM PST

From Newsweek:

1. Exposing state secrets in repressive regimes like N. Korea.

2. Advancing democracy in places like Iran and China.

3. Enabling commerce in many African countries and in India.

4. Distributing medicine and helping to identify which critical medicines (penicillin, anti-malaria medicine) are out of stock in isolated clinics in Africa.

5. Waging war – both NATO forces and the Taliban are using cell phones strategically in Afghanistan .   

This website adds a few … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The European Session

Posted: 12 Nov 2010 04:45 AM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 132.19, down 0.59% at time of writing.

The pair was likely to find support at 129.85, Tuesday's low, and resistance at 133.25, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.04% to hit 1.6116 and EUR/GBP rising 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Deficit Reduction Proposal Has No Chance Of Getting Support From Divided Congress

Posted: 12 Nov 2010 04:40 AM PST

A bipartisan White House commission this week announced a sweeping proposal to slash the federal deficit by hundreds of billions of dollars a year by taking aim at virtually every sacrosanct area of U.S tax and spending policy, including Social Security and Medicare, middle-class tax breaks and defense spending.

But while the proposal has enough teeth to put a real dent in the mushrooming deficit, the  political reality is that it has virtually no chance of passing through a divided … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The New World Order

Posted: 12 Nov 2010 04:12 AM PST

After three years of economic turmoil, why do I believe we are just now entering the second phase of a protracted economic drag here in the United States? While many economists and analysts would like to parse each and every bit of data that comes across the tape—that is what they do for a living—I believe we are better served to focus on the larger waves and currents at play across our global economic landscape. What do I see? A New World Order. Do not think for a second that this reality … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch For Friday: Walt Disney, Cisco, NVIDIA, Rolls Royce, Deutsche Bank

Posted: 12 Nov 2010 04:12 AM PST

Xstrata – Co. has received environmental clearance from Australia's Queensland state government for its 30mln tones per year, open cut Wandoan thermal coal mine. (RTRS)

UK

Rolls Royce (RR.L) – Co. sees continued underlying profit growth in 2010, however sees underlying profit growth lower than guidance. It said that trading across co.'s businesses progressed, and failure was confined to specific components in Trent 900. (Sources) Essar Energy – Co. said phase 1 expansion … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mutual Fund Companies Hoping Active ETFs Don’t Take Off – David O’Leary, CIO AER Advisors

Posted: 12 Nov 2010 04:00 AM PST

ActiveETFs | InFocus spoke with David O'Leary, who is the Chief Investment Officer for AER Advisors. AER is the portfolio manager behind two actively-managed ETFs from PowerShares which were one of the first Active ETFs to be launched in the US in 2008. The first is the Active AlphaQ Fund (PQY) and the second is the Active Alpha Multi Cap Fund (PQZ). David speakes to us about Active ETFs managed by AER Advisors, whether the transparency requirements of Active ETFs affect day-to-day management … [visit site to read more] or compare Best Credit Cards and Best CD Rates


This posting includes an audio/video/photo media file: Download Now

U.S. Dollar Mixed Ahead Of The University Of Michigan Confidence Report

Posted: 12 Nov 2010 03:45 AM PST

 

        

Fundamental Headlines
• China Stock Market Slumps 5.2%– Wall Street Journal
• G-20 Delays Deal on Economic Imbalances– Wall Street Journal
• G-20 Fails to Reach Deal on Imbalances – Financial Times
•China's Faster Inflation Fuels Speculation Rate-Rise Near- Bloomberg
•European Ministers Hold Ireland Debt Crisis Talks at G-20- Bloomberg
EURUSD: Euro-zone economic activity in the third quarter rose 0.4 percent after … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During The European Session

Posted: 12 Nov 2010 03:35 AM PST

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

USD/JPY was trading at 82.21, down 0.32% at time of writing.

The pair was likely to find support at 80.54, Tuesday's low, and resistance at 82.80, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.16% to hit 1.3689 and GBP/USD falling 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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