DailyMarkets.com - US Dollar Escapes Unscathed Again
DailyMarkets.com - US Dollar Escapes Unscathed Again |
- US Dollar Escapes Unscathed Again
- Closing Bell Market Monitor: ANN, DLM, FL
- Novatel Launches HSPA+ USB Modems
- Vistaprint Announces New CFO
- Enterprise Remains Neutral
- St. Jude Wraps Up AGA Acquisition
- Walter To Buy Canadian Company
- CBG To Offer Services To NYX And AIG
- EOG To Issue $1.5 Billion Debt
- Ratings Action On Assurant
- WPP Group: Merger & Joint Venture
- Qualcomm Getting Out Of The FLO
- TDS Upgraded To Outperform
- New Contract Wins For UTX
- Cemig Increases Stake In Light S.A.
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Earnings Scorecard: Coventry
- Goodrich Wins Airbus Contract
- Forex – GBP/USD Down Toward The End Of U.S. Session
- Quote Of The Day
- U.S. Markets Close Higher; Dow Jones Up 0.20%
- ACE Limited Approves Share Buyback
- 6 Hot Companies Selling Oprah’s Favorite Things
- Union Pacific Raises Dividend
- Intuit Falters On Seasonal Q1 Loss
- Crude Oil Down After China Hikes Reserve Ratio
- Progressive Lags In October
- Label Expansion For Shire’s Vyvanse
- Neutral On MICROS Systems
- Forex – USD/CAD Down During The U.S. Session
- Electronic Components Should Power Growth At CTS Corp. (CTS)
- RightNow Repurchases Shares With Debt
- Parsing Bernanke’s Latest Speech
- General Dynamics Wins MDA Contract
- Forex Trading: GBPUSD Moves Back Above 100 Hour MA
- Forex – EUR/USD Up During The U.S. Session
| US Dollar Escapes Unscathed Again Posted: 19 Nov 2010 05:45 PM PST Given all that stress that the Federal Reserve’s currency debasement program is laying on the global economy, last week’s G-20 summit in South Korea should have been the monetary equivalent of a military degradation for the U.S. dollar. The greenback should have been slapped across the face, stripped of its medals, and cashiered from the ranks of respected currencies. Instead the dollar escaped unscathed, retaining its privileged status as the world’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: ANN, DLM, FL Posted: 19 Nov 2010 04:15 PM PST 11/19/10 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
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| Novatel Launches HSPA+ USB Modems Posted: 19 Nov 2010 04:05 PM PST Novatel Wireless Inc. (NASDAQ:NVTL) yesterday announced the launch of its compact and light-weight DC-HSPA+ USB modem on Bell Mobility’s Dual-Cell HSPA+ (DC HSPA+) network. The Ovation MC547 USB modem is based on the 3GPP Release 8 standard and will provide the next-generation, high-speed mobile environment.
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| Posted: 19 Nov 2010 03:35 PM PST Vistaprint N.V. (NASDAQ:VPRT), one of the leading online providers of professional marketing products and services to micro businesses, recently announced the promotion of Ernst Teunissen to executive vice president and chief financial officer (CFO).
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| Posted: 19 Nov 2010 03:35 PM PST We are maintaining our long-term Neutral recommendation for Enterprise Products Partners L.P. (NYSE:EPD). Given the partnership's string of organic growth projects, significant geographic and business diversity, strong balance sheet and solid liquidity position, we believe it is one of the largest fully-integrated midstream service providers with a positive long-term outlook.
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| St. Jude Wraps Up AGA Acquisition Posted: 19 Nov 2010 03:35 PM PST St. Jude Medical (NYSE:STJ) has officially completed its acquisition of cardiac devices maker AGA Medical Holdings. This follows the recent federal antitrust clearance of the deal. Pursuant to the agreement, AGA Medical has been merged with St. Jude's wholly-owned subsidiary Asteroid Subsidiary Corporation.
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| Walter To Buy Canadian Company Posted: 19 Nov 2010 03:35 PM PST U.S. coal miner Walter Energy Inc. (NYSE:WLT) has proposed to acquire Canada's Western Coal Corp. for CAD$11.50 per share in a cash and stock deal, with an eye to create a coal behemoth tapping the rising demand from Asian Steel-makers.
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| CBG To Offer Services To NYX And AIG Posted: 19 Nov 2010 03:05 PM PST CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), was recently selected by NYSE Euronext Inc. (NYSE:NYX) to provide real estate transaction and facilities management services for its entire portfolio in the U.S. and Europe.
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| EOG To Issue $1.5 Billion Debt Posted: 19 Nov 2010 03:05 PM PST Texas-based major independent oil and gas exploration company EOG Resources Inc. (NYSE:EOG) is planning to issue debt worth $1.5 billion in a three-part sale, IFR reported. The issue includes $750 million of 10-year notes, $400 million worth 5-year bonds and $350 million of 3-year bonds.
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| Posted: 19 Nov 2010 02:35 PM PST Rating agency A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of theproperty and casualty (P&C) and life and health insurance subsidiariesof Assurant, Inc. (NYSE:AIZ). Also, A.M. Best has affirmed the issuer credit ratings of "bbb" and debt ratings of Assurant.
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| WPP Group: Merger & Joint Venture Posted: 19 Nov 2010 02:35 PM PST Advertising titan WPP Group plc's (NASDAQ:WPPGY) public relations and public affairs companies, Hill & Knowlton and Public Strategies Inc., will merge on January 1, 2011. These companies will, however, retain their brands going forward.
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| Qualcomm Getting Out Of The FLO Posted: 19 Nov 2010 02:05 PM PST A recent BloomBerg report hinted that Qualcomm Inc. (NASDAQ:QCOM) is negotiating with U.S. telecom giant AT&T (NYSE:T) to divest the spectrum of its failed mobile TV venture called the "FLO TV." Last July, management had announced that the company is looking for a suitable buyer to sell its mobile TV venture.
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| Posted: 19 Nov 2010 02:05 PM PST We are upgrading our long-term recommendation to Outperform from Neutral for Telephone and Data Systems (NYSE:TDS). Currently, the stock has a Zacks #3 Rank (Hold), which signifies that for the short term (1-3 months), we are maintaining our Hold rating.
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| Posted: 19 Nov 2010 02:05 PM PST Hamilton Sundstrand is associating with AVIC Electromechanical Systems Co., a division of Commercial Aviation Corp. of China, to design the C919 single-aisle plane’s power system. Hamilton Sundstrand has also been selected to make the electric system, pilot controls, and fire and overhead protection system for the 150-seater C919 aircraft.
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| Cemig Increases Stake In Light S.A. Posted: 19 Nov 2010 02:05 PM PST Companhia Energetica de Minas Gerais (NYSE:CIG), known as Cemig, acquired a 0.53% stake in Light S.A. for approximately R$30.5 million, or R$28.17 per share from Andrade Gutierrez Concessões S.A.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 19 Nov 2010 02:00 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3674, up 0.24% at time of writing. The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.61% to hit 0.8556 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 19 Nov 2010 01:45 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 83.48, down 0.05% at time of writing. The pair was likely to find support at 82.40, Monday's low, and resistance at 83.78, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.25% to hit 1.3675 and GBP/USD falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 19 Nov 2010 01:35 PM PST Following the release of third-quarter results on November 5, 2010, the majority of the analysts covering Coventry Health Care Inc. (NYSE:CVH) have moved their estimates upward over the last 30 days for the fourth quarter of 2010, the first quarter of 2011 and the fiscal 2010 and 2011.
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| Posted: 19 Nov 2010 01:35 PM PST Goodrich Corporation (NYSE:GR) has been selected by European aircraft manufacturer Airbus to provide the main landing gear for its A350-1000 variant of the A350 XWB series of aircraft.
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| Forex – GBP/USD Down Toward The End Of U.S. Session Posted: 19 Nov 2010 01:30 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5985, down 0.34% at time of writing. The pair was likely to find support at 1.5840, Tuesday's low, and resistance at 1.6155, Monday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.65% to hit 0.8559 and GBP/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 19 Nov 2010 01:28 PM PST “Economics and finance might be science, if it weren't for people.” AEI’s Alex … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.20% Posted: 19 Nov 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.20%, the S&P 500 index gained 0.25%, while the Nasdaq 100 index climbed 0.02%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 0.20%; Germany's DAX gained 0.17%; Britain's FTSE 100 declined 0.62%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ACE Limited Approves Share Buyback Posted: 19 Nov 2010 01:05 PM PST The board of directors of ACE Limited (NYSE:ACE) approved a share buyback program, wherein the company is authorized to buy back up to $600 million of its common shares through December 31, 2012. The company with an intention to offset, in whole or in part, the expected dilution from the exercise of stock options and granting of restricted stock under ACE's equity-based incentive plans approved the buyback.
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| 6 Hot Companies Selling Oprah’s Favorite Things Posted: 19 Nov 2010 01:05 PM PST Oprah’s highly anticipated Favorite Things episode aired today leading to the usual screaming and crying from audience members thrilled to be gifted the items on her list. Don’t you wish you were in the audience for one of those shows?
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| Posted: 19 Nov 2010 01:05 PM PST Yesterday, the Board of Directors of Union Pacific Corp. (NYSE:UNP) decided to raise the quarterly dividend by 15% to 38 cents per share from 33 cents. Remarkably, this is the second time in 2010 that the company has decided to increase its dividend rate.
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| Intuit Falters On Seasonal Q1 Loss Posted: 19 Nov 2010 01:05 PM PST Intuit Inc. (NASDAQ:INTU) reported first quarter 2011 adjusted loss per share (EPS) of 19 cents, in line with the Zacks Consensus Estimate. The adjusted EPS excludes amortization of intangible assets and tax gains, but includes stock-based compensation expenses.
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| Crude Oil Down After China Hikes Reserve Ratio Posted: 19 Nov 2010 12:44 PM PST 11/19/10 Crude oil futures declined, as China raised its banks’ reserve ratio requirements. The December crude oil contract expires on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 19 Nov 2010 12:35 PM PST Progressive Corp.'s (NYSE:PGR) earnings per share for October 2010 were 12 cents, down 25% from 16 cents in October 2009. However, the results of the reported month were in line with September 2010. Net income for the month declined a substantial 28% to $76.5 million from $106.7 million in the year-ago period. On a sequential basis, net income declined 7% from $81.9 million in the previous month.
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| Label Expansion For Shire’s Vyvanse Posted: 19 Nov 2010 12:35 PM PST Shire plc (NASDAQ:SHPGY) recently announced that the US Food and Drug Administration (FDA) approved the use of attention deficit hyperactivity disorder (ADHD) treatment Vyvanse (lisdexamfetamine dimesylate) in adolescents aged 13 to 17 years.
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| Posted: 19 Nov 2010 12:35 PM PST We recently reiterated our Neutral recommendation on MICROS Systems Inc (NASDAQ:MCRS). Earnings estimates for fiscal 2011 have inched up by $0.03 following the release of better-than-expected first quarter results.
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| Forex – USD/CAD Down During The U.S. Session Posted: 19 Nov 2010 12:25 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday. USD/CAD was trading at 1.0186, down 0.04% at time of writing. The pair was likely to find support at 1.0057, Monday's low, and resistance at 1.0262, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.22% to hit 1.3671 and GBP/USD falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Electronic Components Should Power Growth At CTS Corp. (CTS) Posted: 19 Nov 2010 12:05 PM PST CTS Corporation ( CTS ) designs, manufactures, assembles, and sells a broad line of electronic components and sensors. The firm also provides electronics manufacturing services primarily to original equipment manufacturers (OEMs), for the automotive, computer, communications, medical, industrial, and defense and aerospace markets. The firm was established in 1896 as a provider of high-quality telephone products and was incorporated as an Indiana corporation in February 1929. Along the way … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| RightNow Repurchases Shares With Debt Posted: 19 Nov 2010 12:05 PM PST RightNow Technologies, Inc. (NASDAQ:RNOW) announced that its board of directors has authorized a $15 million increase to a previously approved $10 million stock repurchase program. On July 28, 2010, the board authorized a stock repurchase program of $10 million.
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| Parsing Bernanke’s Latest Speech Posted: 19 Nov 2010 12:05 PM PST Fed Chairman Ben Bernanke made an important speech to the ECB's Central Banking Conference in Frankfurt this morning. Below I present key passages from the speech along with my reaction/interpretation/translation of it. You can read the entire speech (including a series of very interesting graphs) here. Rebalancing the Global Recovery “The global economy is now well into its second year of recovery from the deep recession triggered by the most devastating financial crisis since the Great … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| General Dynamics Wins MDA Contract Posted: 19 Nov 2010 12:05 PM PST Defense Contractor General Dynamics Corporation (NYSE:GD), through its unit General Dynamics Information Technology, received the Missile Defense Agency Engineering and Support Services (MiDAESS) contract to provide systems engineering and testing services to the Missile Defense Agency (MDA).
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| Forex Trading: GBPUSD Moves Back Above 100 Hour MA Posted: 19 Nov 2010 12:00 PM PST The GBPUSD has moved back above the 100 hour MA turning the bias positive. Look for further positive bias as trading heads to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The U.S. Session Posted: 19 Nov 2010 11:45 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3677, up 0.26% at time of writing. The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8558 and EUR/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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