DailyMarkets.com - US Jobless Claims Fall To Lowest Since July ’08, Spending Up For 5th Month

---

• US Jobless Claims Fall To Lowest Since July ’08, Spending Up For 5th Month
• SAP Penalized To Pay Oracle $1.3B
• MasterCard Swaps Credit Facility
• U.S. Stock Market: Opportunity Or Exit Signal?
• Dynegy Rejects Blackstone Deal
• Amylin Stays Neutral
• BB&T Upgraded To Neutral
• Forex – EUR/USD Down At The End Of European Session
• Sentiment Update: Individual Investors Are Not Sure What To Think
• DDR Adds Two New Hhgregg Stores
• Deere Outperforms Zacks Estimates
• Caterpillar Issues Chinese Bond
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• Are The Dollar And Gold Now Becoming Joined At The Hip?
• Bio-Path (BPTH) Unique Drug Delivery Technology With Great Potential
• Tiffany Shines, Lifts Outlook
• Initial Jobless Claims Plunge
• GE Rejects Mini Tender Offer
• Moody’s Acquires CSI Global
• Forex – Dollar Broadly Lower After Mixed U.S. Economic Data
• Forex – GBP/USD Pares Gains After Flurry Of Mixed U.S. Data
• CNBC Appearance This Afternoon At 2:40pm
• Opening Bell Market Monitor: TIF, DE, ORCL
• Forex – EUR/USD Hits Fresh Daily High After U.S. New Home Sales Tumble
• Tiffany Dazzles As Net Income Rises 27%

US Jobless Claims Fall To Lowest Since July ’08, Spending Up For 5th Month Posted: 24 Nov 2010 09:45 AM PST US banks and the stock market will be closed tomorrow for Thanksgiving Day, so we had jobless claims released early, mixed in with data on consumer spending and incomes, and durable goods orders. Jobless Claims Jobless claims dived lower in the week ending November 20th, falling by 34K to 407K. That was the lowest level of initial claims since July 2008, and was much better than the consensus forecast of a 434K reading. The data shows some tentative signs that the US labor market may … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SAP Penalized To Pay Oracle $1.3B Posted: 24 Nov 2010 09:35 AM PST SAP AG (NYSE:SAP) has been ordered by a federal jury in California to pay $1.3 billion to Oracle Corp. (NASDAQ:ORCL) as a compensation for copyright infringement. The violation was made by a software maintenance unit of SAP, which is at present inoperative. The amount of damages to be paid by SAP came in as a surprise. The company had anticipated a penalty amount of $160 million of which $120 million had already been paid. The compensation amount is more than half of SAP's total profit in 2009, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MasterCard Swaps Credit Facility Posted: 24 Nov 2010 09:35 AM PST Yesterday, MasterCard Inc. (NYSE:MA) entered into a new three-year credit facility worth $2.75 billion, thus replacing a prior $2.0 billion credit facility that was supposed to expire in April 2011. The new credit facility will expire on November 22, 2013. While the majority of credit facility lenders are customers or affiliates of customers of MasterCard International, the terms of the agreement remain undisclosed. In April 2008, MasterCard's unsecured revolving credit facility had been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market: Opportunity Or Exit Signal? Posted: 24 Nov 2010 09:18 AM PST The S&P 500 index failed to move back above resistance at 1200 and is poised to test support at 1173 yet again. Many technicians believe this is a negative sign for the broad market index. I would question the news surrounding the failed test… North and South Korea launching missiles at each other for more than an hour would qualify as an out of the ordinary event. The news rattled investors and the index fell 1.4% in response. However, this still begs us to address the move as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dynegy Rejects Blackstone Deal Posted: 24 Nov 2010 09:05 AM PST Asset management and financial services company The Blackstone Group's (NYSE:BX) dream to acquire Houston-based merchant generator, Dynegy Inc. (NYSE:DYN) went bust with the latter rejecting the proposal at a special shareholder meeting for the purpose. Earlier faced with a lukewarm response from shareholders for the merger deal, Blackstone offered a final bid price of $5 per share for Dynegy from the earlier bid of $4.50. As a result, the merger agreement has been terminated. The deal was doomed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amylin Stays Neutral Posted: 24 Nov 2010 09:05 AM PST We recently reiterated our Neutral recommendation on Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN). Amylin reported a net loss of $0.31 per share in the third quarter of 2010, three cents below the Zacks Consensus Estimate but well above the year ago loss of $0.19. Lower revenues resulted in the wider loss. Both Byetta and Symlin revenues declined on a sequential as well as year-over-year basis. Moreover, Amylin faced a huge setback when it failed to gain approval for its lead pipeline candidate, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BB&T Upgraded To Neutral Posted: 24 Nov 2010 09:05 AM PST We are upgrading our recommendation on BB&T Corp. (NYSE:BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T's third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate. Adjusted earnings for the reported quarter leave out merger-related charges of 1 cent per share. Considering this non-recurring item, earnings per share for the reported … [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: 24 Nov 2010 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3361, down 0.05% at time of writing. The pair was likely to find support at 1.3285, today's low, and resistance at 1.3786, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8466 and EUR/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sentiment Update: Individual Investors Are Not Sure What To Think Posted: 24 Nov 2010 08:59 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 decline in bullish sentiment. The biggest decrease in bullish sentiment came in the AAII survey where the bullish reading plummeted to 40% from 58% last week. The NAAIM survey showed a more modest pullback. Click to View This week, active managers have, on average, a 67% allocation to equities. This is down from 71% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DDR Adds Two New Hhgregg Stores Posted: 24 Nov 2010 08:35 AM PST Developers Diversified Realty Corp. (NYSE:DDR), a leading real estate investment trust (REIT), has recently announced the introduction of two new retail stores of hhgregg, Inc. (NYSE:HGG), a publicly owned white goods retailer, in Florida and Pennsylvania. hhgregg opened a 36,459 square-foot store at Carillon Place, a 283,238 square feet shopping center in Naples, Florida. The company also opened a 28,152 square-foot retail store at Peach Street Square, a 676,245 square feet shopping center in Erie, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deere Outperforms Zacks Estimates Posted: 24 Nov 2010 08:35 AM PST Deere & Co. (NYSE:DE) delivered earnings per share (EPS) of $1.07 in its fourth quarter ended October 30, 2010, striding ahead of the Zacks Consensus Estimate of 96 cents, almost five times the EPS of 23 cents reported in the year-ago quarter. The outperformance was driven by positive conditions in the U.S. farm sector particularly in terms of demand for large equipment somewhat offset by weak European agricultural markets. The year-ago quarter excluded the impairment of goodwill related to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Issues Chinese Bond Posted: 24 Nov 2010 08:35 AM PST Caterpillar Inc's (NYSE:CAT) subsidiary Caterpillar Financial Services Corporation has issued a two-year RMB 1billion ($150 million) bond with a coupon rate of 2% to institutional investors in Hong Kong. This makes the company the first foreign industrial multinational and the second non-financial multinational company to issue debt in Chinese currency. Caterpillar plans to use the proceeds to fund its operations in China. Caterpillar follows McDonald’s Corp. (NYSE:MCD), which in August raised RMB … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 24 Nov 2010 08:19 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: 24 Nov 2010 08:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Are The Dollar And Gold Now Becoming Joined At The Hip? Posted: 24 Nov 2010 08:18 AM PST Today’s Idea If the price direction of Gold and the Dollar begin to correlate, and the risk averse trade again becomes popular with traders, a unique strategy using futures options that would benefit if both Gold and the Dollar move higher in the near-term may be a strategy you wish to consider. For example, with February Gold trading at 1375.80 and the March Dollar Index trading at 80.130 as of this writing, the February Gold 1400 calls may be bought and the February Gold 1500 calls may be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bio-Path (BPTH) Unique Drug Delivery Technology With Great Potential Posted: 24 Nov 2010 08:15 AM PST Grant Zeng, CFA Bio-Path Holdings, Inc. ( BPTH )is a development stage biotech company. The Company was founded with technology from The University of Texas, MD Anderson Cancer Center dedicated to developing novel cancer drugs under an exclusive license arrangement. Since its inception, the Company has acquired three exclusive licenses from MD Anderson Cancer Center for three lead products and related nucleic acid drug delivery technology, including tumor targeting technology.   The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tiffany Shines, Lifts Outlook Posted: 24 Nov 2010 08:15 AM PST Tiffany & Company (NYSE:TIF) has posted stronger-than-expected third-quarter 2010 results buoyed by improved demand for luxury items worldwide. The quarterly earnings of 46 cents a share surpassed the Zacks Consensus Estimate of 36 cents, and rose 39% from 33 cents earned in the prior-year quarter. The Zacks Consensus Estimate dipped by a penny over the last 7 days with only one out of 16 analysts covering the stock revising the estimate downward. On a reported basis, including one-time items, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initial Jobless Claims Plunge Posted: 24 Nov 2010 08:15 AM PST Initial Claims for Unemployment Insurance fell by 34,000 last week to 407,000 (last week was also revised up by 2,000, so one could see it as a 32,000 decline). This was much better than the expected level of 442,000. We can give thanks that we have be able to get out of the "trading range" that initial claims have been in for the last year. Initial claims have been generally trending down since they hit a secondary peak of 504,000 (after revisions) on 8/14. The path has, however, been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Rejects Mini Tender Offer Posted: 24 Nov 2010 08:15 AM PST General Electric Company (NYSE:GE) has rejected an unsolicited tender offer made by TRC Capital Corporation to purchase up to 5 million shares or 0.05% of the paid-up capital at $15.15 per share. TRC’s offer price is at a 4.5% discount to the closing price of GE common stock of $15.86 on November 16, 2010, the day before the offer commenced. GE has not approved of TRC’s offer and recommended shareholders not to tender their shares. The offer was at a price below the current market price and was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Moody’s Acquires CSI Global Posted: 24 Nov 2010 08:15 AM PST An industry leader in the credit rating industry, Moody's Corp. (NYSE:MCO) announced that it has acquired Canadian based, CSI Global Education Inc. (CSI), a premier provider of financial learning, credentials and certification. The financial consideration of the deal comes at $151.4 million (C$155.0 million) in cash. The acquisition is expected to have a minimal impact on Moody's GAAP earnings per share (EPS) for the fourth quarter of 2010 and full-year 2011. However, the deal will be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower After Mixed U.S. Economic Data Posted: 24 Nov 2010 08:08 AM PST Forex Pros – The dollar was broadly lower against its major rivals on Wednesday, after a slew of U.S. data painted a mixed picture of the U.S. economic recovery and after Ireland unveiled its austerity plan. During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.15% to hit 1.3387. Earlier Wednesday, data showed that the Ifo index of German business climate rose unexpectedly to hit a record high in November while separate data showed that industrial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Pares Gains After Flurry Of Mixed U.S. Data Posted: 24 Nov 2010 08:04 AM PST Forex Pros – The pound pared gains against the U.S. dollar on Wednesday, retreating from the daily high following the release of a flurry of mixed U.S. economic data. GBP/USD hit 1.5784 during European afternoon trade, after retreating from 1.5836, the daily high, gaining 0.05%. Cable was likely to find support at 1.5690, the low of October 26 and resistance at 1.5964, Tuesday's high. Earlier in the day, the U.S. Census Bureau said new home sales unexpectedly tumbled 8.1% in October, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNBC Appearance This Afternoon At 2:40pm Posted: 24 Nov 2010 07:44 AM PST If you've got some time this afternoon, please check in to CNBC's Street Signs at 2:40pm as I will be discussing the recent insider trading probe and the implications it has on our markets.   Hopefully, I'll be able to grab a video clip of the segment to post later today or tomorrow. Larry … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: TIF, DE, ORCL Posted: 24 Nov 2010 07:41 AM PST 11/24/10 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 Hits Fresh Daily High After U.S. New Home Sales Tumble Posted: 24 Nov 2010 07:38 AM PST Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, rising to a fresh daily high after official data showed that new home sales in the U.S. unexpectedly tumbled by 8.1% in October. EUR/USD hit 1.3421 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.3415, gaining 0.35%. The pair was likely to find support at 1.3285, the low of September 24 and resistance at 1.3565, the high of November 17. Earlier in the day, the U.S. Census … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tiffany Dazzles As Net Income Rises 27% Posted: 24 Nov 2010 02:28 AM PST 11/24/10 Jewelry maker Tiffany & Co. announced Wednesday that its 3Q net income rose 27% on strong US and global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610