Monday, November 8, 2010

DailyMarkets.com - Stock Picks For Tuesday: THQ, Electronic Arts, A123 Systems, FuelCell Energy

DailyMarkets.com - Stock Picks For Tuesday: THQ, Electronic Arts, A123 Systems, FuelCell Energy

Stock Picks For Tuesday: THQ, Electronic Arts, A123 Systems, FuelCell Energy

Posted: 08 Nov 2010 05:04 PM PST

( click to enlarge )
THQ Inc. (NASDAQ:THQI) had a nice surge a few weeks ago and has been consolidating that move since then. The stock continues to look like a possible breakout on the daily chart, which is why I’m still following the stock. THQI attempted to push higher today, but still unable to make a clear break above $4.22 so far. The bias is neutral in nearest term.  A break above $4.22 could trigger further upside recovery testing 4.39. Volume is starting to pick up and there could … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 08 Nov 2010 05:00 PM PST

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

USD/JPY was trading at 81.21, up 0.04% at time of writing.

The pair was likely to find support at 80.59, Thursday's low, and resistance at 81.48, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.40% to hit 1.3864 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Moving Lower

Posted: 08 Nov 2010 04:17 PM PST

The Euro has continued its decline early in the Asian session, as fears continue on the ability of member countries to repay their debt and sustain the austerity measures being proposed. The EUR/USD pair made a new November low @1.3847 ahead of the 4-200 hr moving average and right below the 76.4% retracement of last week's move we just broke below. It is interesting to note the 4-200hr moving average was broken to the upside in September below the 1.29 handle after resisting the pairs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Buckeye Beats, Raises Distribution

Posted: 08 Nov 2010 04:05 PM PST

Buckeye Partners L.P. (NYSE:BPL) announced its third-quarter 2010 operating earnings of 93 cents per limited partner unit, which matched the Zacks Consensus Estimate. The results of the partnership beat the year-ago earnings of 89 cents per share.
Total Revenue
Total revenue of the partnership at the end of the third quarter was $734.9 million versus $423.4 million in the year-ago quarter, reflecting a growth of 73.5%. Reported results came in higher than the Zacks Consensus Estimate of $626 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LDK Solar Beats Estimates

Posted: 08 Nov 2010 04:05 PM PST

LDK Solar Co. Ltd. (NYSE:LDK) reported third quarter 2010 earnings of 72 cents per share, easily surpassing the Zacks Consensus Estimate of 39 cents per share. The earnings also increased 166.7% from the prior-year quarter.
Quarter In Detail
LDK Solar recorded a sequential increase of 19.5% and a year-over-year increase of 139.7% in its revenues to $675.6 million, ahead of Zacks Consensus Estimate of $628.0 million. The increase reflected the diversification strategy in increasing contributions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Warnaco Beats Estimate, Ups Guidance

Posted: 08 Nov 2010 04:05 PM PST

Warnaco Group Inc. (NYSE:WRC) reported third quarter 2010 earnings of $1.04 per share, beating the Zacks Consensus Estimate of 95 cents per share. Earnings per share (EPS) increased 40.5% year-over-year and 46.5% sequentially.
Quarter In Detail
Net revenues increased 14.6% year-over-year to $596.8 million and was well above the Zacks Consensus Estimate of $581 million. The increase was primarily attributable to the 21% increase in company's direct-to-consumer business.
Increase in the net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chrysler Accelerates Towards A Profitable 2010

Posted: 08 Nov 2010 04:00 PM PST

11/08/10 Chrysler Group announced Monday that it posted an improved quarterly loss but is on track to be profitable in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sureste Posts Higher Traffic

Posted: 08 Nov 2010 03:35 PM PST

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR) recorded a 5.1% increase in passenger traffic in October 2010 compared with the year-ago period. Domestic traffic rose 0.3% while International traffic shot up by 10.3% year over year.
During the third quarter of fiscal 2010, Aeroportuario del Sureste recorded a 10.8% increase in passenger traffic in comparison with the year-ago quarter with domestic traffic surging 1.3% while International traffic moving up 20.9% year over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ConAgra’s New Plant

Posted: 08 Nov 2010 03:35 PM PST

North America's leading packaged food company, ConAgra Foods Inc. (NYSE:CAG) recently inaugurated its Lamb Weston's new state-of-the art, sweet potato processing plant in Delhi, Louisiana. The new plant is going to enhance its production at a much reduced costs based on economies of scale, which is going to improve its results in the coming quarters.
During the first quarter of fiscal 2011, ConAgra reported results slightly below expectations resulting from an increase in costs and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Wholesale Inventories, UK Trade Balance

Posted: 08 Nov 2010 10:30 AM PST

11/08/10 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

Gentle Ben In Search Of Goldilocks

Posted: 08 Nov 2010 03:16 PM PST

Chairman Bernanke and a majority of the FOMC can't catch a break. Momma Bear, like most everyone else who has opined on the subject, says what they insist on calling QE2 won't work to stimulate the economy, but will stoke inflation and dollar decline. Papa Bear, on the other hand, without pausing to praise the Chairman for trying, says the effort is too timid to be effective. If Goldilocks weren't in hiding to avoid arrest for breaking and entering, maybe she could get baby bear's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Natural Res. Beats By A Penny

Posted: 08 Nov 2010 03:05 PM PST

Natural Resource Partners L.P. (NYSE:NRP) recorded adjusted net income of 36 cents per unit in the third quarter ended September 30, 2010, beating the Zacks Consensus Estimate by a penny. Adjusted net income in the quarter remained in line with the third quarter of 2009. The outperformance was driven by improved coal markets, which led to record revenues in the quarter.
On a GAAP basis, the partnership reported net income per unit of 51 cents compared with 36 cents in the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ross Comps Rise, Ups Outlook

Posted: 08 Nov 2010 03:05 PM PST

Ross Stores Inc.  (NASDAQ:ROST), the second largest off-price retailer of apparels and home accessories, recently  marked the 9th consecutive quarter of positive comparable store sales trend of  4.0%  for  the  four-week  period  ended  October 30, 2010. Ross also boosted its outlook for the third quarter of fiscal 2010.
Regionally, Florida acted as the catalyst for the increase in comparable store sales. Categories like dress and home accessories left a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allos’ Net Loss Up On Higher Costs

Posted: 08 Nov 2010 03:05 PM PST

Allos Therapeutics Inc.'s (NASDAQ:ALTH) third quarter 2010 loss of 18 cents per share was narrower than the Zacks Consensus Estimate of a loss of 20 cents per share. The year-ago loss was 21 cents per share. The lower loss per share was attributable to the increased number of shares outstanding in the reported quarter.
The net loss in the quarter was $18.8 million as against $18.7 million a year ago. This slight uptake in losses was attributable to higher costs incurred on selling Folotyn … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leucadia Posts Weak 3Q Results

Posted: 08 Nov 2010 02:35 PM PST

Leucadia National Corporation (NYSE:LUK) reported its financial results for the third quarter of 2010. The company generated net income from continuing operations of $263.2 million, or $1.07 per share during the quarter compared with $341.8 million or $1.38 per share in the third quarter of 2009. Sequentially, the results improved from a net loss of $0.97 per share.
The decline in net results was attributable to higher expenses in the quarter that more than offset higher revenues. Also, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DexCom EPS Meets But Sales Misses

Posted: 08 Nov 2010 02:35 PM PST

DexCom (NASDAQ:DXCM) reported third-quarter 2010 loss per share of 23 cents, matching the Zacks Consensus Estimate and improving from the year-ago loss of 29 cents.
Revenues
Total revenue (consisted of "Product revenue" and "Development grant and other revenue") rose 61% year over year to $11.7 million in the reported quarter, missing the Zacks Consensus Estimate of $14 million. Product sales soared 133% year over year to $10.8 million while development grant and other revenue plummeted 66% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bubble, Crash, Bubble, Crash, Bubble…

Posted: 08 Nov 2010 02:26 PM PST

John Hussman

Must read commentary from John Hussman
"Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alliant Tops, Ups Guidance

Posted: 08 Nov 2010 02:05 PM PST

Aerospace and defense company Alliant Techsystems Inc. (NYSE:ATK) announced operating earnings of $2.91 per share for its second-quarter fiscal 2011 ended October 3, 2010, which surpassed the Zacks Consensus Estimate of $2.81. The company bettered the year-ago result by an impressive 72 cents per share.
Total … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plains Gains On Higher Revenues

Posted: 08 Nov 2010 02:05 PM PST

Plains Exploration & Production Co. (NYSE:PXP) posted third-quarter earnings of 29 cents per share, above the Zacks Consensus Estimate of 24 cents, but below the year-ago profit of 60 cents.
Operating Results
Net revenues of $387.8 million grew 3.4% (positive surprise) from the Zacks Consensus Estimate of $375 million. Also, revenue grew 24% from $312.2 million a year-ago, driven primarily by higher commodity prices and higher sales volumes. Strong drilling results in the Granite Wash, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Revenues Rise At ALKS, View Lowered

Posted: 08 Nov 2010 02:05 PM PST

Alkermes Inc.'s (NASDAQ:ALKS) second quarter fiscal 2011 net loss (excluding special items) of 6 cents per share compared unfavorably with the year-ago loss of 5 cents per share. The Zacks Consensus Estimate was a loss of 15 cents per share. The narrower-than-expected loss was attributable to the higher revenues recorded in the quarter.
Total revenues for the reported quarter climbed 2% to $49.2 million. The increase was primarily attributable to higher manufacturing, royalty and sales revenues. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Difference

Posted: 08 Nov 2010 01:59 PM PST

In my latest column for DailyFinance, “Will the U.S. Enjoy a Swedish-Style Rebound? Don’t Bet on It,” I take issue with the view put forth by one economist in a New York Times article by Gretchen Morgenson, published this past weekend, that the U.S. is set to enjoy an economic rebound similar to that which occurred in Sweden following a similarly devastating financial crisis almost two decades ago.
Among other things, I note how wrong-headed Washington’s approach has been in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: ASH, CVH, MCD

Posted: 08 Nov 2010 01:57 PM PST

11/08/10 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: 08 Nov 2010 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday after the release of euro zone data on German Industrial Production.

EUR/USD was trading at 1.3919, down 0.81% at time of writing.

The pair was likely to find support at 1.3888, today's low, and resistance at 1.4282, Thursday's high.

Earlier in the day, data showed that Industrial production in Germany fell unexpectedly to a seasonally adjusted -0.80% last month from 1.50% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dril-Quip Reports In Line

Posted: 08 Nov 2010 01:35 PM PST

Dril-Quip Inc. (NYSE:DRQ) reported third-quarter earnings of 69 cents per share, in line with the Zacks Consensus Estimate. However, quarter's earnings increased more than 9% from the year-earlier profit of 63 cents.
Total revenue increased 1.4% year over year to $140.1 million, primarily driven by increased product revenues, but partially offset by a decrease in service revenues of $1.1 million. However, the reported revenue fell behind the Zacks Consensus Estimate of $142 million.
Operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

COGO Group Barely Misses

Posted: 08 Nov 2010 01:35 PM PST

COGO Group Inc. (NASDAQ:COGO) reported third quarter of 2010 earnings per share from continuing operations of 12 cents, missing the Zacks Consensus Estimate of 13 cents. Cogo posted revenues of $100.2 million, up 22.1% year-over-year.
56.4% of total sales were sourced from digital media (including the mobile handsets business), representing a 14.4% increase year-over-year.  24.8% of total revenues were generated from telecommunications equipment, representing a 22.4% increase year-over-year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up Toward The End Of U.S. Session

Posted: 08 Nov 2010 01:20 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of Canadian data on Housing Starts.

USD/CAD was trading at 1.0034, up 0.31% at time of writing.

The pair was likely to find support at 0.9992, Friday's low, and resistance at 1.0156, Wednesday's high.

Earlier in the day, official data showed that Canadian housing starts fell more-than-expected to a seasonally adjusted annual rate of 168.00K last month from 185.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Down 0.33%

Posted: 08 Nov 2010 01:10 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.33%, the S&P 500 index shed 0.21%, while the Nasdaq 100 index climbed 0.10%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.08%; Germany's DAX shed 0.05%; Britain's FTSE 100 declined 0.43%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Higher Revenues For Smith & Nephew

Posted: 08 Nov 2010 01:08 PM PST

Smith & Nephew (NYSE:SNN) reported an adjusted EPS of 16.1 cents (EPADS of 80.5 cents) during the third quarter of fiscal 2010, 4.2% lower than the year-ago quarter's 16.8 cents. However, the year-ago quarter benefited from a favorable tax rate. The Zacks Consensus Estimate (ADS) was 78 cents.
Smith & Nephew reported revenues of $941 million surpassing the Zacks Consensus Estimate of $934 million. However, revenues recorded an underlying growth of 4% (after adjusting for currency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

General Cable Outperforms

Posted: 08 Nov 2010 01:08 PM PST

General Cable Corporation (NYSE:BGC) reported third-quarter 2010 earnings from continuing operations of 54 cents, above the Zacks Consensus Estimate of 50 cents. The company's earnings per share were below the year-ago quarter's earnings from continuing operations of 98 cents.
Total revenue, on a metal adjusted basis, increased by 1.2% year over year to $1.2 billion, at upper end of the company's guidance range of $1.15 billion to $1.2 billion. Excluding unfavorable foreign currency exchange … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Agrium Misses Estimates

Posted: 08 Nov 2010 01:08 PM PST

Agrium Inc. (NYSE:AGU) recorded net earnings of $111 million or 70 cents per share in the third quarter of 2010, missing the Zacks Consensus Estimates by 19 cents per share. However, it exceeded the prior-year profit of $26 million or 16 cents per share. Including one-time charges, Agrium recorded net earnings of $57 million or 37 cents per share in the third quarter of 2010.
Revenues in the quarter rose 8.9% to $2.01 billion, which was lower than the Zacks Consensus Estimates of $2.08 billion. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

YRCW Loss Shrinks, Outlook Positive

Posted: 08 Nov 2010 12:35 PM PST

YRC Worldwide Inc. (NASDAQ:YRCW) reported its third quarter 2010 results. Quarterly net loss was $61.7 million or a loss of $1.33 per share compared with a huge loss of $158.7 million or a loss of $66.66 per share in the year-ago quarter. Third quarter 2010 adjusted EPS (excluding one-time items) was higher than the Zacks Consensus Estimate of a loss of $1.30 per share.
This was mainly due to losses incurred in the National transport and Truckload segments. The numbers of shares and the per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Frontier Misses, Revenue Grows

Posted: 08 Nov 2010 12:35 PM PST

Frontier Communications (NYSE:FTR), a provider of telecommunications services to rural areas, reported its third quarter adjusted earnings per share of 8 cents missing the Zacks Consensus Estimate by 2 cents. The company realized approximately $60 million of synergies from the acquired regional wireline operations of  Verizon Communications' (NYSE:VZ).
Frontier incurred acquisition and integration costs of $49.1 million or 5 cents per share (after tax) related to its acquisition of the Verizon … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up On Economic Data

Posted: 08 Nov 2010 12:30 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of Canadian data on Housing Starts.

USD/CAD was trading at 1.0024, up 0.20% at time of writing.

The pair was likely to find support at 0.9992, Friday's low, and resistance at 1.0156, Wednesday's high.

Earlier in the day, official data showed that Canadian housing starts fell more-than-expected to a seasonally adjusted annual rate of 168.00K last month from 185.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 08 Nov 2010 12:15 PM PST

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

GBP/USD was trading at 1.6130, down 0.34% at time of writing.

The pair was likely to find support at 1.6007, Wednesday's low, and resistance at 1.6299, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.47% to hit 0.8629 and GBP/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sneaky Trick Football Play

Posted: 08 Nov 2010 12:14 PM PST

DISH Network Outperforms

Posted: 08 Nov 2010 12:05 PM PST

DISH Network Inc. (NASDAQ:DISH) declared excellent third quarter 2010 financial results. Third quarter earnings of $245 million or 55 cents per share were much higher than the mere $81 million, or 18 cents reported in the year-ago quarter. Earnings per share (EPS) of 55 cents were also significantly above the Zacks Consensus Estimate of 41 cents.
Revenue
Total revenue increased 10.9% year over year to $3.21 billion compared with $2.89 billion in the year-ago quarter. This was mainly due to a huge … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Suncor Beats EPS, Misses Revs

Posted: 08 Nov 2010 12:05 PM PST

A premier Canadian integrated energy company, Suncor Energy (NYSE:SU) reported better-than-expected third quarter 2010 results, aided by operational and financial optimization. Earnings per share, excluding certain items, came in at 42 Canadian cents (40 cents US), surpassing the Zacks Consensus Estimate of 38 cents and prior-year quarter result of 25 Canadian cents.
Suncor's net earnings of 65 Canadian cents per share were behind third quarter 2009 result of 69 Canadian cents per share.
In the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Costco Sustains Momentum

Posted: 08 Nov 2010 12:05 PM PST

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended October 31, 2010.
The company sustained its sales momentum. After a 5% increase in September 2010, Costco's comparable-store sales for October rose 6%, reflecting comparable sales growth of 4% at its U.S. locations and 14% at its international divisions.
For the nine-week period ended, the company registered comparable-store sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FTI Consulting Misses Estimate

Posted: 08 Nov 2010 12:05 PM PST

FTI Consulting Inc.'s (NYSE:FCN) third quarter 2010 operating earnings of 54 cents per share were below the Zacks Consensus Estimate of 61 cents and the year-ago performance of 70 cents. Operating net income fell 33.0% year over year to $25.2 million.
Adjusted EBITDA was $65.0 million or 18.8% of revenues, compared with $77.9 million or 22.3% of revenues in the prior-year quarter.
FTI Consulting's total revenue declined 0.7% year over year to $346.1 million. The revenue decline was due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/USD Caught Between A Rock And A Hard Place

Posted: 08 Nov 2010 12:01 PM PST

Active look at the EUR/USD. The pair needs to break above or below these key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Forms Triangle Pattern Near All-Time Low

Posted: 08 Nov 2010 11:44 AM PST



Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (11/08/2010) has formed a converging triangle consolidation pattern near the all-time record low after having consolidated near the lows for the past several weeks. The 15-year low of 80.22, hit on the last day of October, was shy of the all-time 1995 low at 79.75 by less than 50 pips. With the current triangle pattern, a breakout of the pattern could presage a move towards greater volatility than what … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Much Further Can Silver Run?

Posted: 08 Nov 2010 11:40 AM PST

Silver has obviously had a very strong run. After breaking out past $19.50/oz, Silver has run all the way to nearly $27 with gains in eight of the past nine weeks. How much further can Silver run?

We see some confluence of targets at $32. Note that back in 1980 there was barely any trading in Silver from $25 to $33. In other words, when Silver crashed downwards, it fell quickly and then rallied back to $25. During the initial crash, it stabilized at $33. On the chart, one can see a very … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GAP’s Positive Comparables

Posted: 08 Nov 2010 11:35 AM PST

Gap Inc. (NYSE:GPS) reported a 2% increase in same-store sales for the month of October, after sliding 2.0% in September 2010 and recording a flat growth in August 2010.
The 2.0% increase in same-store sales at Gap emanated from a growth of 1% in international comparable-store sales, a 5% growth at Gap North America, and a 2.0% growth in Old Navy North America countered by 1% shrinkage at Banana Republic North America.
After inching up 1.0% in September 2010 to $1.34 billion, total sales for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Outperform On Aastrom Bio

Posted: 08 Nov 2010 11:35 AM PST

Written by Jason Napodano, CFA
We view Aastrom Biosciences (NASDAQ:ASTM) at the premier play for the application of adult stem cells for potential cardiovascular indications.  While other stem cell companies such as Cytori Therapeutics (the market leader for cosmetic and reconstructive surgery) and Osiris Therapeutics (the market leader for inflammatory diseases) command higher market capitalizations, no other firm has as an advanced program for peripheral arterial disease or heart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar: A Countertrend Rally Is Still A Possibility

Posted: 08 Nov 2010 11:30 AM PST

While the long-term fundamentals related to the U.S. dollar remain bearish, Friday's significant rally in the greenback leaves the door open for a possible countertrend rally. The conditions highlighted below may be cleared in a matter of days, but as of the close on November 5th the dollar remains susceptible to a surprise countertrend rally.

As shown below, a short-term bullish divergence remains in place between price and the dollar's relative strength index. The condition … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down On Data

Posted: 08 Nov 2010 11:30 AM PST

Forex Pros – The Euro was lower against the Japanese Yen on Monday after the release of euro zone data on German Industrial Production.

EUR/JPY was trading at 113.20, down 0.73% at time of writing.

The pair was likely to find support at 112.67, today's low, and resistance at 115.42, Thursday's high.

Earlier in the day, data showed that Industrial production in Germany fell unexpectedly to a seasonally adjusted -0.80% last month from 1.50% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Monday: Silver Wheaton, Pfizer, Priceline.com, Technology Select Sector SPDR ETF

Posted: 08 Nov 2010 11:29 AM PST

Pfizer, Inc. (NYSE:PFE) – Long-term options activity on the pharmaceutical giant indicates some strategists expect shares in Pfizer to remain range-bound through June 2011 expiration. It looks like investors initiated both short strangles and straddles in the first half of the session to take in available premium. Shares are currently down 1.00% to stand at $17.01 as of 12:25 pm in New York trading. Strangle players appear to have sold 1,000 puts at the June 2011 $15 strike for an average … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything. Or Not: Criminal Barbering

Posted: 08 Nov 2010 11:09 AM PST

Orlando Sentinel — “As many as 14 armed Orange County deputies, including narcotics agents, stormed Strictly Skillz barbershop during business hours on a Saturday in August, handcuffing barbers in front of customers during a busy back-to-school weekend.

It was just one of a series of unprecedented raid-style inspections the Orange County Sheriff’s Office recently conducted with a state regulating agency, targeting several predominantly black- and Hispanic-owned barbershops in the Pine Hills … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Superior Industries Beats

Posted: 08 Nov 2010 11:05 AM PST

Superior Industries International Inc. (NYSE:SUP) showed a profit of $10.4 million or 39 cents per share during the third quarter of 2010 in contrast to a loss of $12.7 million or 48 cents per share in the same quarter of 2009. The profit, which was slightly ahead of the Zacks Consensus Estimates by 2 cents per share, was driven by an impressive rise in shipments.
Consolidated sales surged 65% to $183.7 million from $111.4 million a year ago. Shipments rose 45%, contributing $49.5 million to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Sways To Loss On High Charges

Posted: 08 Nov 2010 11:05 AM PST

American International Group Inc. (NYSE:AIG) reported third quarter operating loss of $200 million or $1.47 per share, dramatically behind the Zacks Consensus Estimate of $1.35 per share and operating income of $1.62 billion or $2.42 per share in the year-ago period.
On a GAAP basis, AIG reported a net loss of $2.4 billion or $17.62 per share, compared with a net income of $455 billion or 68 cents per share in the year-ago quarter. This included significant loss from discontinued operations, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up On Economic Data

Posted: 08 Nov 2010 11:05 AM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday after the release of Swiss data on Unemployment Rate.

USD/CHF was trading at 0.9656, up 0.36% at time of writing.

The pair was likely to find support at 0.9548, Friday's low, and resistance at 0.9824, Wednesday's high.

Earlier in the day, official data showed that The rate of unemployment in Switzerland fell to a seasonally adjusted 3.60% last month from 3.70% in the preceding month.

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

Forex – NZD/USD Down At The End Of European Session

Posted: 08 Nov 2010 10:55 AM PST

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

NZD/USD was trading at 0.7886, down 0.87% at time of writing.

The pair was likely to find support at 0.7704, Wednesday's low, and resistance at 0.7976, Thursday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.56% to hit 1.2846 and EUR/NZD rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amerisafe Results Pretty Unsafe

Posted: 08 Nov 2010 10:35 AM PST

Amerisafe Inc.'s (NASDAQ:AMSF) third quarter operating earnings per share of 26 cents came in substantially behind the Zacks Consensus Estimate of 46 cents and 64 cents in the prior-year quarter.
Operating income declined 62.6% year over year to $4.9 million. Including net realized losses of $0.6 million against net realized gains of $1.9 million in the year-ago period, net income for the reported quarter was $4.4 million or 23 cents per share, compared with $15.1 million or 74 cents in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Rebounds On European Financial Concerns

Posted: 08 Nov 2010 10:30 AM PST

11/08/10 The dollar continued to rebound aganst its higher-yielding counterparts following growin debt concerns for European financial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Markets Are Quiet…digesting What’s Happened Last Few Weeks”

Posted: 08 Nov 2010 05:25 AM PST

11/08/10 ICAP’s Kenneth Polcari discusses today’s trading action and forecast for the broader … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Perfect Bull Market Alignment In View

Posted: 08 Nov 2010 10:18 AM PST

The run since August has been fantastic so I have no intention of looking a gift horse in the mouth but …. there is only one thing that could make it even more perfect.
As you know, I use four moving averages for gauging market momentum and have incorporated data about the historical performance of those indicators into my Market Timing Indicator. A perfect Bull Alignment is when the S&P 500 Index is above the 50-dma which is above the 100-dma which is above the 200-dma with the 300-dma … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of European Session

Posted: 08 Nov 2010 10:05 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Monday after the release of euro zone data on German Industrial Production.

EUR/USD was trading at 1.3941, down 0.66% at time of writing.

The pair was likely to find support at 1.3888, today's low, and resistance at 1.4282, Thursday's high.

Earlier in the day, data showed that Industrial production in Germany fell unexpectedly to a seasonally adjusted -0.80% last month from 1.50% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.05%

Posted: 08 Nov 2010 09:55 AM PST

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

At the close of European trade, Germany's DAX fell 0.05%, London's FTSE 100 shed 0.43%, France's CAC 40 declined 0.08% and the EURO STOXX 50 was down 0.28%.

Earlier in the day, data showed that Industrial production in Germany fell unexpectedly to a seasonally adjusted -0.80% last month from 1.50% in the preceding month whose figure was revised down from 1.70%.

Analysts had expected Industrial production to rise … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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