DailyMarkets.com - The Tenuous Technical Position Of Apple (AAPL) Right Now

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• The Tenuous Technical Position Of Apple (AAPL) Right Now
• JOE Pulpwood For Smurfit-Stone
• Raven Outperforms EPS Estimate
• Hess Expands In Bakken Shale
• Forex – EUR/USD Down At The End Of European Session
• Campbell Soup Misses, Sales Fall
• Patterson Co. Beats On Revenues
• Virgin Media Remains Neutral
• Strong Quarter For Cyberonics
• Motorola & Kopin Join Forces
• 3Q GDP Revised Up To 2.5%
• Forex Trading: AUDUSD Does Not Escape The Dollar Buying
• Hormel’s Upbeat Results
• Regeneron Pipeline Progresses
• Royal Dutch Shell Still Neutral
• Medtronic Beats On EPS, Cuts Outlook
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• Bonds Rise As Defensive Play
• Forex – Dollar Broadly Higher As Strong U.S. GDP Boosts Rally
• Forex – GBP/USD Tumbles To 5-day Low After Strong U.S. GDP Data
• Opening Bell Market Monitor: CPB, HRL, JCG
• Forex – EUR/USD Plummets To 2-month Low Amid Euro, Korea Fears
• Forex – EUR/JPY Down During The European Session
• Recalls Rise For Johnson & Johnson

The Tenuous Technical Position Of Apple (AAPL) Right Now Posted: 23 Nov 2010 09:46 AM PST In scanning charts of leading stocks during today's sharp decline, I found an interesting development setting up right now in shares of Apple (NASDAQ:AAPL). Let's take a look at the Daily chart structure of Apple, and what two divergent price pathways may lie ahead in the future. We see a powerful rally – similar to that of the broader stock market – off the September period that brings us to the current structure. The main idea – from a simple perspective – is the key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JOE Pulpwood For Smurfit-Stone Posted: 23 Nov 2010 09:35 AM PST The St. Joe Company (NYSE:JOE), a publicly-held operationally diversified real estate company, has recently entered into a new pulpwood supply agreement with Smurfit-Stone Container Corporation to strengthen its long-term relationship and optimize its earnings from the forestry segment. Under the terms of the mutually beneficial deal, St. Joe would provide 3.9 million tons of pulpwood to the pulp and paper mill of Smurfit-Stone in Panama City, Florida, over the next seven years. The new agreement … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raven Outperforms EPS Estimate Posted: 23 Nov 2010 09:35 AM PST Raven Industries Inc. (NASDAQ:RAVN) reported its earnings per share of 65 cents in the third quarter, outperforming the Zacks Consensus Estimate of 43 cents and 40 cents in the prior year quarter. Revenue increased 43% year over year to $85.8 million in the reported quarter, driven by its Engineered Films and Aerostar segments. Like EPS, revenue outperformed the Zacks Consensus. The Zacks Consensus Estimate for revenue was $67 million. Cost of Sales and Margins Cost of sales amounted to $60.9 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hess Expands In Bakken Shale Posted: 23 Nov 2010 09:05 AM PST Crude and natural gas producer, Hess Corporation (NYSE:HES) entered into an agreement to acquire 167,000 net acres from TRZ Energy, LLC for $1,050 million in cash in the Bakken oil shale play in North Dakota. The acquisition will increase Hess’ acreage position in the Bakken oil play to over 750,000 net acres. The deal is expected to close by December 28, 2010. The acquired properties have a production capacity of about 4,400 barrels of oil equivalent per day (Boe/d) and are located near the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 23 Nov 2010 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3388, down 1.76% at time of writing. The pair was likely to find support at 1.3371, today's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.93% to hit 0.8461 and EUR/JPY falling 2.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Campbell Soup Misses, Sales Fall Posted: 23 Nov 2010 08:35 AM PST This article has been unpublished. Walter, need new message.   CAMPBELL SOUP (CPB): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Patterson Co. Beats On Revenues Posted: 23 Nov 2010 08:35 AM PST Leading distributor of dental, companion-pet veterinarian and rehabilitation medical supplies Patterson Companies Inc. (NASDAQ:PDCO) reported second-quarter fiscal 2011 (ended October 30) earnings per share of 45 cents, matching the Zacks Consensus Estimate while exceeding the year-ago earnings of 41 cents. Net income rose 8% year over year to $53.4 million riding on higher sales. Revenues Revenues leapt 5% year over year to $857.4 million, beating the Zacks Consensus Estimate of $844 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Virgin Media Remains Neutral Posted: 23 Nov 2010 08:35 AM PST Virgin Media Inc. (NASDAQ:VMED) reported excellent results for the third quarter of 2010. Despite generating less than expected subscriber growth, Virgin Media managed to beat both top-line and bottom-line as the company's existing subscribers are now more inclined to spend for its high-margin premium services that offer faster speed. The company's bundled service offerings are getting increasing market traction. At the end of the third quarter of 2010, triple-play penetration increased 62.7% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For Cyberonics Posted: 23 Nov 2010 08:35 AM PST Cyberonics (NASDAQ:CYBX) reported an EPS of 88 cents for the second quarter of fiscal 2011 compared to $1.73 in the corresponding period of last year. However, both the periods were impacted by significant tax benefits. Excluding these benefits, the EPS came in at 25 cents, meeting the Zacks Consensus Estimate although lower than 33 cents in the corresponding period last year. Cyberonics reported revenues of $47.5 million, exceeding the Zacks Consensus Estimate and 17% higher than $40.7 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Motorola & Kopin Join Forces Posted: 23 Nov 2010 08:35 AM PST Motorola Solutions, a business unit of Motorola Inc. (NYSE:MOT), tied up Kopin Corporation (NASDAQ:KOPN) to manufacture a hands-free computer and communications headset. Based on Kopin's advanced system and micro-display technologies, this head worn device will support simulation software, streaming video on-demand and other large-screen enterprise applications.  Motorola has been struggling to survive in the market due to stiff competition from the smartphone manufacturers and hence is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

3Q GDP Revised Up To 2.5% Posted: 23 Nov 2010 08:35 AM PST This is essentially a repost of the report I posted when the original estimates for GDP growth came out on October 27th. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis. This will allow you to immediately see where the change is coming from, as well as how the third quarter was different from the first and second quarters. Overall, this was a positive report, but we still need to see the economy grow … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Does Not Escape The Dollar Buying Posted: 23 Nov 2010 08:28 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hormel’s Upbeat Results Posted: 23 Nov 2010 08:21 AM PST Hormel Foods Corporation (NYSE:HRL) posted strong results for the fourth quarter and fiscal 2010 with an EPS of 90 cents and $2.92 compared with 77 cents and $2.53 in the respective period of fiscal 2009 based on  increases of 23.2% and 10.5% in revenue in the respective period. Fourth Quarter Highlights During the quarter, Hormel reported EPS of 90 cents, 16.9% up from 77 cents in the year-ago quarter and also up from the Zacks Consensus Estimate of 79 cents. Net income reached $121.1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Regeneron Pipeline Progresses Posted: 23 Nov 2010 08:21 AM PST Recently, Regeneron Pharmaceuticals (NASDAQ:REGN) and partner Bayer (BAYRY) announced positive data from late-stage studies of its VEGF (vascular endothelial growth factor) trap-eye treatment for age-related macular degeneration (wet AMD). The condition results from the growth of new blood vessels beneath the retina which leak blood and fluid.  The leakage causes the retina to function improperly thereby resulting in distortion and/or blind spots in central vision. The disorder is the leading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Royal Dutch Shell Still Neutral Posted: 23 Nov 2010 08:21 AM PST We are maintaining our Neutral recommendation on Royal Dutch Shell Plc. (RDS.A )  with a target price of $67. In terms of assets, Royal Dutch Shell owns a strong and diversified portfolio of global energy businesses that offers attractive long-term growth opportunities. The group's strong inventory of development projects and increased capital expenditures should help volume growth in the long run. Hague-based Shell has operations all over the world and is involved in various … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic Beats On EPS, Cuts Outlook Posted: 23 Nov 2010 08:21 AM PST Medtronic (NYSE:MDT) reported an adjusted EPS of 82 cents during the second quarter of fiscal 2011, beating the Zacks Consensus Estimate by a penny and 6% higher than 77 cents of the year-ago quarter. However, including certain charges, primarily legal, the company reported a 33% decline in EPS to 52 cents. Revenues were $3.903 billion, up 1.7% compared to the year-ago quarter. However, revenues were marginally lower than the Zacks Consensus Estimate of $3.906 billion. Medtronic recorded 41% of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 23 Nov 2010 08:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 23 Nov 2010 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Rise As Defensive Play Posted: 23 Nov 2010 08:20 AM PST Today’s Idea It appears that this recent upswing in Bond prices has been driven by short-covering and shorter-term defensive plays, but the prospects of long-term price appreciation do not appear to be great at the moment. Technically, the recent rally has failed to make any impact on the chart. For these reasons, some traders may wish to consider taking on a bearish position, such as a bear put spread. Some traders may wish to buy the January Bond 125 puts and sell the January Bond 123 puts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher As Strong U.S. GDP Boosts Rally Posted: 23 Nov 2010 07:59 AM PST Forex Pros – The U.S. dollar was broadly higher against its major rivals on Tuesday, as safe haven buying and better-that expected U.S. GDP data boosted the greenbacks rally. During European afternoon trade, the greenback was sharply higher against the euro, with EUR/USD plunging 1.46% to hit 1.3428. Earlier in the day, German Chancellor Angela Merkel said Ireland’s crisis was different to Greece’s but just as worrying and the single currency was in an “exceptionally serious” … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Tumbles To 5-day Low After Strong U.S. GDP Data Posted: 23 Nov 2010 07:46 AM PST Forex Pros – The pound extended losses against the U.S. dollar on Tuesday, tumbling to a 5-day low, after official data showed that the U.S. economy grew at a faster rate than earlier estimated during the third quarter. GBP/USD hit 1.5852 during European afternoon trade, the pair's lowest since November 16; the pair subsequently consolidated at 1.5868, shedding 0.55%. Cable was likely to find support at 1.5721, the low of October 28 and resistance at 1.6083, Monday's high. Earlier in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: CPB, HRL, JCG Posted: 23 Nov 2010 07:40 AM PST 11/23/10 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

Forex – EUR/USD Plummets To 2-month Low Amid Euro, Korea Fears Posted: 23 Nov 2010 07:36 AM PST Forex Pros – The euro extended losses against the U.S. dollar on Tuesday, plunging to a 2-month low as risk aversion gripped markets amid fears over sovereign debt contagion in the euro zone and following a military skirmish in the Korean peninsula. EUR/USD hit 1.3459 during European afternoon trade, the pair's lowest since September 29; the pair subsequently consolidated at 1.3465, plunging 1.20%. The pair was likely to find support at 1.3247, the low of September 22 and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During The European Session Posted: 23 Nov 2010 07:35 AM PST Forex Pros – The Euro was lower against the Japanese Yen on Tuesday. EUR/JPY was trading at 111.05, down 2.22% at time of writing. The pair was likely to find support at 111.03, today's low, and resistance at 114.95, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 1.66% to hit 1.3401 and EUR/GBP falling 1.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Recalls Rise For Johnson & Johnson Posted: 23 Nov 2010 02:15 AM PST 11/23/10 In the latest series of recalls, medical giant Johnson & Johnson announced the recall of children’s Benadryl and Motrin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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