DailyMarkets.com - Stock Market Bulls Are Going To Win Because They Have The Most Powerful Force On Their Side

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• Stock Market Bulls Are Going To Win Because They Have The Most Powerful Force On Their Side
• Cognizant Beats, Ups Guidance
• CIGNA Beats Estimates, Ups Outlook
• Earnings Preview: Whole Foods Market
• JPMorgan, HSBC Investigated By CFTC For Silver Market Manipulation
• Strong Numbers From OGE Energy
• Forex – Dollar Broadly Higher After Better-than-expected U.S. PMI
• Forex – GBP/USD Retreats From 11-day High After Strong U.S. PMI
• Simon Property Marginally Misses
• Loss At MNKD Wider Than Expected
• Autoliv’s Profits Quadruple
• Forex Trading: GBPUSD Tests Support On Hourly And 5 Minute Chart
• Forex – EUR/USD Hits Fresh Daily Low After Upbeat U.S. PMI Data
• Arch’s Profits Slip Below Consensus
• Australian Dollar: Key ST Resistance At 10725
• Baker Hughes Profit Soars
• Canadian Dollar: The Downside Prevails
• Higher Revs Drive UTHR
• Embraer Beats EPS, Misses On Sales
• Greatbatch Misses, Outlook Tepid
• Weak Outlook From Applied Micro
• Stryker Bags Boston Unit For $1.5B
• Euro Rally Stalls Ahead Of FOMC Meeting
• Forex – AUD/USD Hits 4-day High Ahead Of RBA November Rate Decision
• Crude Rises As Dollar Falls For Third Day
• Forex – USD/CHF Jumps To 5-week High After Mixed U.S. Data
• Ryanair’s Earnings Are Sky High
• Forex – USD/CAD Tumbles To 10-day Low As Crude Oil Prices Rally
• Forex Trading: EURUSD Looks To Test 100 Hour MA At 1.3873 Level
• Opening Bell Market Monitor: ABK, BHI, XCO

Stock Market Bulls Are Going To Win Because They Have The Most Powerful Force On Their Side Posted: 01 Nov 2010 09:40 AM PDT The market has been marking time lately as investors await the election results and the much -anticipated Federal Reserve announcement after the Federal Open Market Committee wraps up their meeting on Wednesday. The Fed is expected to provide a peek into its next round of quantitative easing, now considered a fait accompli. The only question seems to be how far the Fed will go to reinvigorate the economy. But unless Republicans fail to capture the House of Representatives on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cognizant Beats, Ups Guidance Posted: 01 Nov 2010 09:35 AM PDT Leading information technology services provider Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported revenues of $1.217 billion in the third quarter of 2010, up 43% year over year and up 10.1% sequentially,  exceeding the Zacks Consensus Estimate of $1.184 billion and management’s expectation of at least $1.175 million. The solid growth in the quarter was driven by broad-based growth across all industries, service lines and geographies. Cognizant stressed that clients are not just … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIGNA Beats Estimates, Ups Outlook Posted: 01 Nov 2010 09:35 AM PDT CIGNA Corp.'s (NYSE:CI) third quarter earnings of $1.10 per share were ahead of the Zacks Consensus Estimate of $1.06. The insurer earned $1.13 per share last year. Better-than-expected results came in due to improved contribution from Health Care, Disability & Life and International segments. CIGNA's net income declined 6.7% year over year to $307 million, due to $44 million of losses incurred on its run-off business operations – Guaranteed Minimum Death Benefits and Guaranteed Minimum … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Whole Foods Market Posted: 01 Nov 2010 09:35 AM PDT Whole Foods Market, Inc. (NASDAQ:WFMI), one of the world's leading natural and organic foods supermarket chains, is scheduled to report its fourth-quarter 2010 financial results after the bell on Wednesday, November 3, 2010. The current Zacks Consensus Estimate for the quarter is 28 cents a share. For the quarter under review, revenues are $2,070 million, according to the Zacks Consensus Estimate. Fourth-Quarter 2010, a Synopsis Whole Foods Market posted better-than-expected third-quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JPMorgan, HSBC Investigated By CFTC For Silver Market Manipulation Posted: 01 Nov 2010 09:33 AM PDT JPMorgan Chase & Co. (NYSE:JPM) and HSBC Holdings Plc (NYSE:HBC) were hit with two lawsuits Wednesday by investors alleging the companies conspired to drive down silver prices and gain hundreds of millions of dollars on short positions. Two traders, Brian Beatty and Peter Laskaris, are accusing the big banks of attempting to manipulate the market for silver futures and options contracts since 2008. The complaints allege the defendants gained millions “if not billions of dollars in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Numbers From OGE Energy Posted: 01 Nov 2010 09:05 AM PDT OGE Energy Corporation (NYSE:OGE) reported third quarter EPS of $1.65, beating the Zacks Consensus Estimate of $1.54 by 11 cents. The results also beat the year-ago quarterly EPS of $1.40. The company operates in Oklahoma, where unemployment is significantly lower than the national average. The resilience in the economy of its service area bodes well for the company. Operational Results OGE Energy's operating revenues increased 33.1% year-over-year to $1.1 billion in the reported quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher After Better-than-expected U.S. PMI Posted: 01 Nov 2010 08:54 AM PDT Forex Pros – The U.S. dollar was broadly higher against the other major currencies on Monday, following the release of better-than-expected U.S. manufacturing data. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.46% to hit 1.3878. The greenback was also up against the pound, with GBP/USD shedding 0.09% to hit 1.6025. Earlier in the day data showed that the U.K. manufacturing PMI rose unexpectedly in October. The greenback was also up against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Retreats From 11-day High After Strong U.S. PMI Posted: 01 Nov 2010 08:41 AM PDT Forex Pros – The pound was down against the U.S. dollar on Monday, retreating from an 11-day high, following the release of better-than-expected U.S. manufacturing data. GBP/USD hit 1.6016 after retreating from 1.6088, the pair's highest since October 15 during European afternoon trade, shedding 0.15%. Cable was likely to find support at 1.5876, last Friday's low and resistance at 1.6103, the high of October 15. Earlier in the day, the U.S. Institute for Supply Management said its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Simon Property Marginally Misses Posted: 01 Nov 2010 08:35 AM PDT Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported third-quarter 2010 FFO (funds from operations) of $318.5 million or 90 cents per share, compared to $473.1 million or $1.38 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 reported FFO marginally missed the Zacks Consensus Estimate by 2 cents. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Loss At MNKD Wider Than Expected Posted: 01 Nov 2010 08:35 AM PDT MannKind Corporation's (NASDAQ:MNKD) third quarter 2010 net loss of 40 cents per share was wider than the Zacks Consensus Estimate of a loss of 39 cents. The company had suffered a loss of 42 cents per share in the year-ago quarter. The narrower year-over-year loss was attributable to lower expenses incurred in the reported quarter on the inhaled insulin candidate Afrezza. The candidate is being developed for treating type I and type II diabetes. MannKind failed to generate any revenues in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Autoliv’s Profits Quadruple Posted: 01 Nov 2010 08:35 AM PDT Autoliv Inc. (NYSE:ALV) posted a profit of $140.1 million or $1.51 per share for the third quarter of 2010, which more than quadrupled from the year-ago level of $32.8 million or 37 cents per share. The profit also exceeded the Zacks Consensus Estimate of $1.22 per share during the quarter. Consolidated sales appreciated 31% to $1.74 billion, reflecting a boost of 10% based on acquisitions, offset partially by a negative currency translation effect of 2%. Consequently, organic sales rose by 23% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests Support On Hourly And 5 Minute Chart Posted: 01 Nov 2010 08:30 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Fresh Daily Low After Upbeat U.S. PMI Data Posted: 01 Nov 2010 08:29 AM PDT Forex Pros – The euro extended earlier losses against the U.S. dollar on Monday, falling to a fresh daily low, following the release of better-than-expected U.S. manufacturing data. EUR/USD hit 1.3873 during European afternoon trade, a fresh daily low; the pair subsequently consolidated at 1.3879, shedding 0.47%. The pair was likely to find support at 1.3763, last Thursday's low and resistance at 1.4079, the high of October 25. Earlier in the day, the U.S. Institute for Supply Management … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arch’s Profits Slip Below Consensus Posted: 01 Nov 2010 08:21 AM PDT Coal producer Arch Coal Inc. (NYSE:ACI) has reported net adjusted earnings of 35 cents per share for the third quarter 2010, which is below the Zacks Consensus Estimate of 37 cents. GAAP net earnings during the quarter were 29 cents per share versus 16 cents in the year ago quarter. GAAP earnings in the reported quarter included pre-tax charges related to non-cash amortization of coal supply agreements acquired in the Jacobs Ranch transaction as well as to non-recurring debt extinguishment costs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 01 Nov 2010 08:21 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Baker Hughes Profit Soars Posted: 01 Nov 2010 08:21 AM PDT Baker Hughes Inc. (NYSE:BHI) reported a more than three-fold jump in per share profit in the third quarter driven by the strength of the US Land market and seasonal recovery in Canada. The company's earnings came in at 59 cents per share, compared with the Zacks Consensus Estimate of 46 cents and year-ago earnings of 18 cents. Notably, this was the first full quarter following the acquisition of BJ Services. Revenue in the quarter was $4.08 billion, compared with $2.23 billion in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 01 Nov 2010 08:21 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Higher Revs Drive UTHR Posted: 01 Nov 2010 08:21 AM PDT United Therapeutics Corp. (NASDAQ:UTHR) reported third-quarter earnings of 66 cents per share, several cents above the Zacks Consensus Estimate of 54 cents and the year-ago earnings of 21 cents. A huge boost in revenues helped drive earnings. The Quarter in Detail Revenues increased 75.9% to $170.9 million, well above the Zacks Consensus Revenue Estimate of $148 million. The year-over-year increase in revenues was primarily due to the continued increase in the number of patients being prescribed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Embraer Beats EPS, Misses On Sales Posted: 01 Nov 2010 08:21 AM PDT Empresa Brasileira de Aeronautica S.A. (NYSE:ERJ), better known as Embraer, has reported an EPADS of 54 cents for the third quarter of fiscal 2010, above 32 cents in the year-ago quarter and 40 cents, the Zacks Consensus Estimate. Net income was $99.7 million, up 64.5% from $60.6 million in the third quarter of 2009 driven by better cost control and favorable foreign exchange translation. Net revenue reduced to $1,042.6 million from $1,246.0 million, a reduction of 16.3% year over year based on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Greatbatch Misses, Outlook Tepid Posted: 01 Nov 2010 08:21 AM PDT Greatbatch's (NYSE:GB) third-quarter fiscal 2010 adjusted (excluding one-time charges including consolidation and integration costs) earnings per share of 34 cents missed the Zacks Consensus Estimate of 37 cents while improving from the year-ago earnings of 32 cents. Net income was $5.96 million (or 25 cents a share) compared to a net loss of $20.69 million (or 90 cents a share) a year-ago, which was hit by a $34.5 million legal charge on the company's Electrochem unit. Revenue Analysis Strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weak Outlook From Applied Micro Posted: 01 Nov 2010 08:21 AM PDT Applied Micro Circuits Corporation (NASDAQ:AMCC) reported results for the second quarter of fiscal 2011 which beat estimates, but the outlook for the third quarter was weak. Applied Micro recorded revenues of $66.0 million in the second quarter of fiscal 2011, up 8.5% sequentially and up 34% year over year and beat management’s guidance of $60.5 − $62.8 million. On a sequential basis, all the three product families recorded sequential growth in September. Product … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stryker Bags Boston Unit For $1.5B Posted: 01 Nov 2010 08:21 AM PDT Orthopedic devices giant Stryker Corp (NYSE:SYK) has forged a definitive agreement to acquire medical devices major Boston Scientific's (NYSE:BSX) Neurovascular unit for $1.5 billion in cash. The Deal Under the deal terms, Stryker will pay $1.4 billion to Boston Scientific on the closure of the transaction. Moreover, it will pay an additional milestone amount of $100 million on commercialization of a device for treating stroke and the transfer of some Neurovascular unit-related manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rally Stalls Ahead Of FOMC Meeting Posted: 01 Nov 2010 08:21 AM PDT Fundamentals The Euro’s nearly 5-month long rally vs. the U.S. Dollar has taken a breather lately, as many traders re-evaluate their positions ahead of next week’s FOMC meeting and, perhaps, a potential announcement as to the size and scope of the second round of quantitative easing (QE) by the Federal Reserve. The recent leg of the up-move for the Euro took its value from around 1.2600 to recent highs near the 1.4150 area, as FX traders feared additional debt purchases by the Fed would spark … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits 4-day High Ahead Of RBA November Rate Decision Posted: 01 Nov 2010 08:12 AM PDT Forex Pros – The Australian dollar was up against its U.S. counterpart on Monday, rising to a 4-day high, ahead of the Reserve Bank of Australia's November benchmark interest rate decision. AUD/USD hit 0.9914 during European afternoon trade, the pair's highest since October 26; the pair subsequently consolidated at 0.9881, gaining 0.45%. The pair was likely to find support at 0.9677, Friday's low and resistance at 0.9973, the high of October 25. Earlier in the day, the U.S. Institute … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises As Dollar Falls For Third Day Posted: 01 Nov 2010 07:56 AM PDT 11/01/10 Another session of losses for the dollar paved the way for yet another rise in front month crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Jumps To 5-week High After Mixed U.S. Data Posted: 01 Nov 2010 07:55 AM PDT Forex Pros – The U.S. dollar extended gains against the Swiss franc on Monday, soaring to a 5-week high following the release of mixed U.S. economic data. USD/CHF hit 0.9956 during European afternoon trade, the pair's highest since September 22; the pair subsequently consolidated at 0.9939, jumping 1.17%. The pair was likely to find support at 0.9701, the low of October 26 and resistance at 1.0073, the high of September 21. Earlier in the day, the U.S. Institute for Supply Management said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ryanair’s Earnings Are Sky High Posted: 01 Nov 2010 02:44 AM PDT 11/01/10 Europe’s largest discount airliner, Ryanair, announced Monday that it raised its full-year outlook after 2Q profit jumped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Tumbles To 10-day Low As Crude Oil Prices Rally Posted: 01 Nov 2010 07:29 AM PDT Forex Pros – The U.S. dollar was down against its Canadian counterpart on Monday, tumbling to a 10-day low as crude oil prices rallied after upbeat Chinese manufacturing data. USD/CAD hit 1.0128 during European afternoon trade, the pair's lowest since October 18; the pair subsequently consolidated at 1.0142, shedding 0.47%. The pair was likely to find support at 1.0116, the low of October 18 and resistance at 1.0247, Friday's high. Earlier in the day, two reports showed rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Looks To Test 100 Hour MA At 1.3873 Level Posted: 01 Nov 2010 07:26 AM PDT The better than expected ISM (with favorable components) has the dollar bulls back in charge. However there is good support below at the 1.3871-73 level. I would look for buyers against the level. The 100 hour MA is currently at the 1.3873 level (blue line in the chart above). This moving average has been moving sideways over the last 20 or so hours of trading (going back to Friday). With the high for the trading day has reached 1.4010 today, a low at 1.3873 would be consistent with a fairly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: ABK, BHI, XCO Posted: 01 Nov 2010 02:25 AM PDT 11/01/10 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

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