DailyMarkets.com - Annual Forecast: My 2011Outlook For The Stock Market
DailyMarkets.com - Annual Forecast: My 2011Outlook For The Stock Market |
- Annual Forecast: My 2011Outlook For The Stock Market
- Honda Recalls On Suspension Failure
- A.M. Best Upgrades CNO Financial
- Nippon Downgraded To Neutral
- Motorola Enhancing Music Offering
- Motorola Enhancing Music Offering
- EZCORP’s Expansion Plans
- Papa John’s Initiates 2011 Outlook
- EOG, Newfield Drop Marcellus Deal
- Initial Claims: Down Or Flat?
- Rent-A-Center Buys Rental Store
- SM Energy Looks Ambitious In 2011
- Walter Buys Mobile River Terminal
- New Home Sales Disappoint
- Zimmer Acquires Sodem Diffusion
- Dover Buys Sound Solution Biz.
- A Happy New Year For U.S. Economy?
- Humana Ups 2011 Earnings Outlook
- Hyatt Expands In Brazil
- Micron’s First Quarter Misses
- United-Continental Revs To Rise
- VF Corp. To Buy Rock & Republic
- Panera Remains On Growth Track
- Navistar Beats But Profits Fall
- Rio Tinto Acquires Riversdale Mining
- Portfolio Recovery Expands Credit
- Tyco Divests Electrical Products
- Rating Action On UnitedHealth
- Airgas Rejects Air Products Again
- Airgas Rejects Air Products Again
- American Eagle Enters Japan
- Gilead Ends Letairis Trial For IPF
- Jacobs Upgraded To Neutral
- Ericsson Acquires Optimi Corp.
- BAGL To Reward Shareholders
- Halliburton Wins North Sea Deal
- Marsh Inc. Buys Trion
- BSDM Setting Up Sales Network
- Rowan’s Deepwater Initiative
- The Waves Of 2011
- New Zealand Q3 GDP – The Details
- Discover More Card 5% Cashback Categories For 2011
- Bed Bath & Beyond Beats Estimate
- Bed Bath & Beyond Beats Estimate
- Petrobras Scores In Espirito Santo
- Petrobras Scores In Espirito Santo
- Label Expansion Sought For Byetta
- Label Expansion Sought For Byetta
- Vornado To Record Toys ‘R’ Us Loss
- Vornado To Record Toys ‘R’ Us Loss
- GD Gets Contracts Worth $92.3 M
- GD Gets Contracts Worth $92.3 M
- Stock Market News Briefs: Cia Vale Do Rio Doce, Goldman Sachs Group, Jo-Ann Stores, Micron Technology, Renesola Ltd., Bed Bath & Beyond
- Another Drop In Crude Stockpiles
- Neutral On Strayer Education
- Certriad Development Discontinued
- AMB Property’s New Brazil Fund
- BioScrip Reaffirmed At Neutral
- Stock Markets Flat Line Ahead Of Holidays
- Stocks To Watch On Thursday: Walgreen, Nike, Bed Bath & Beyond, Micron Tech, Royal Dutch Shell, Rio Tinto, Deutsche Bank, Astrazeneca, Novartis
- Bloomberg Counters Gold’s Run With Absurd, Baseless Hit-Piece
- Has The Financial Collapse Of Europe Now Become Inevitable?
- Forex – AUD/USD Rallies To 6-week High, Tops Parity
- Forex – Dollar Down Vs. Most Rivals In Subdued, Pre-holiday Trade
- Forex – USD/JPY Slumps To 1-week Low In Holiday-thinned Trade
- Forex – NZD/USD Hits 2-day High, Shrugs Off Downbeat N.Z. Data
- Stock Market Summary: Wednesday, December 22, 2010
- Forex – GBP/USD Pares Gains In Choppy, Pre-holiday Trade
- Forex Trading: Euro Still Lower
- French Consumer Spending Rises More-than-expected
- Asia Stocks Mixed In Subdued Trade; Nikkei Closed For Holiday
- Forex Trading: Decreased Oil Inventories Push Crude Oil Towards $91.00
- Forex – EUR/USD Hits Daily High As Rehn Comments Offer Reprieve
- Growth & Income Stock: Cooper Industries Plc
- Bear Of The Day: Big Lots, Inc. (BIG)
- Bull Of The Day: Family Dollar Stores (FDO)
- Aggressive Growth Stock: Cabot Microelectronics
- Momentum Stock: MWI Veterinary Supply, Inc.
- Forex – EUR/USD Up During The Asian Session
- Forex – GBP/USD Up During The Asian Session
- Toyota Aims For 3% Sales Growth
- Current Sentiment Data Re: Stocks And Gold
- Crude Oil Breaks $90 As Inventories Plunge, Gold Flat But ETF Holdings Fall
- Forex – USD/CHF Down During The Asian Session
- Season’s Greetings
- Forex – EUR/GBP Down During The Asian Session
- Forex – USD/JPY Down During The Asian Session
- 3 Financials ETFs To Benefit From Interest Rate Jumps
- Forex – USD/CAD Down During The Asian Session
- Forex – AUD/USD Up During The Asian Session
- Forex – EUR/USD Up During The Asian Session
- Forex – EUR/JPY Up During The Asian Session
- Singapore Stock Market Update For Thursday 23 December
- Crude Oil Inventory Watch: US Demand Up 4% From A Year Ago
- Pictures Of Hopelessness
- Forex – GBP/JPY Up During The Asian Session
- The Day Ahead: US Durable Goods, Personal Income And Spending, Jobless Claims, U. Of Michigan Consumer Sentiment, New Home Sales
- Good News For BSD Medical
- Neutral On Starbucks
- TOTAL Acquires Interest In Elevance
- Stock Picks For Thursday December 23
- Williams Partners Get Cabot Assets
- Morgans Hotel Extends CEO Tenure
- Jacobs Partially Acquires Aker
- Forex – EUR/USD Down At The End Of U.S. Session
- The Attack On American Education
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Closing Bell Market Monitor: STI, WAG, ODP
- UnitedHealth Lowers Advocacy Costs
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.23%
- Sara Lee Considering JBS Buyout
- Duke Energy And Alinda Form JV
- JPMorgan Finds Small Biz Beautiful
- Daily US Dollar Index Roundup – 12/22
- Pessimistic Player Targets Momenta Pharmaceuticals Put Options
- 12/22 FX Options Report
- Forex – GBP/USD Down During The U.S. Session
- Microsoft ARMs Its Way Into Mobile
- Neutral On Monster
- Liberty Global In Acquisition Spree
- Walgreen Tops, Profit Cruises
- ZOLL Medical, VMS Ink Pact
- Dominion Proceeds On 1.3GW Project
- Forex – USD/CAD Down During The U.S. Session
- GDP Figures Dominate Money Markets
| Annual Forecast: My 2011Outlook For The Stock Market Posted: 23 Dec 2010 05:35 PM PST Before I get into my annual stock market prediction on where the market is headed for the year ahead, it's important to first take a look back. As my readers know, we turned bearish on stocks in March of 2009, saying that stocks have been in bear market rally since then. Why did we turn bullish on stocks back then? I'm a big believer in contrarian investing. By the spring of 2009 most investors had thrown in the towel on stocks. In fact, the two words, "stock market" became … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Honda Recalls On Suspension Failure Posted: 23 Dec 2010 05:24 PM PST Honda Motor Co. (NYSE:HMC) announced that it will recall 10,800 units of Accord sedans and Pilot sport utility vehicles (SUVs) in order to fix a problem with the front suspension of the vehicles. The recall includes Accord sedans of model year 2010-2011 and Pilot SUVs of 2011, sold in the U.S.
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| A.M. Best Upgrades CNO Financial Posted: 23 Dec 2010 05:24 PM PST The rating agency A.M. Best Co. has upgraded the issuer credit ratings ("ICR") and the existing senior debt rating for CNO Financial Group, Inc. (NYSE:CNO), along with the financial strength rating ("FSR") and ICR for CNO Financial's operating subsidiaries – Bankers Life and Casualty Company, Bankers Conseco Life Insurance Company, Colonial Penn Life Insurance Company and Washington National Insurance Company ("WNIC").
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| Posted: 23 Dec 2010 05:24 PM PST We downgrade our recommendation for Nippon Telegraph & Telephone Corp. (NYSE:NTT) to Neutral based on grounds of valuation. Nippon is currently trading at the high-end of its 52-week price range, which in our view provides limited upside potential. Despite facing intense pricing pressure from smaller telecom service providers and its leveraged balance sheet, we believe Nippon will improve its performance in future reporting periods due to its continuous effort to provide upgraded products with … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Motorola Enhancing Music Offering Posted: 23 Dec 2010 05:24 PM PST Motorola Mobility Holdings Inc, a wholly owned subsidiary of Motorola Inc. (NYSE:MOT) yesterday announced that it has acquired privately held Zecter Inc., a provider of synchronization and streaming technologies for on-demand mobile digital content. Zecter's ZumoCast and ZumoDrive software allows users to transfer content between mobile handsets and netbooks and PCs. Motorola will integrate this software within its smartphones to enable Motorola smartphone holders to stream music from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Motorola Enhancing Music Offering Posted: 23 Dec 2010 05:24 PM PST Motorola Mobility Holdings Inc, a wholly owned subsidiary of Motorola Inc. (NYSE:MOT) yesterday announced that it has acquired privately held Zecter Inc., a provider of synchronization and streaming technologies for on-demand mobile digital content. Zecter's ZumoCast and ZumoDrive software allows users to transfer content between mobile handsets and netbooks and PCs. Motorola will integrate this software within its smartphones to enable Motorola smartphone holders to stream music from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Dec 2010 05:24 PM PST Austin, Texasbased EZCORP Inc. (NASDAQ:EZPW) a leading provider of specialty financial services, is on an expansion mode. For 2011, the company plans to open approximately 110 new stores, including 55 to 60 pawn stores in Mexico, 35 to 40 short-term consumer loan stores in Canada, and 10 pawn stores in the United States.
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| Papa John’s Initiates 2011 Outlook Posted: 23 Dec 2010 05:24 PM PST Louisville, Kentucky-based Papa John's International Inc. (NASDAQ:PZZA) recently initiated the guidance for 2011 and affirmed the same for 2010.
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| EOG, Newfield Drop Marcellus Deal Posted: 23 Dec 2010 05:24 PM PST EOG Resources Inc. (NYSE:EOG) and Newfield Exploration Co. (NYSE:NFX) have canceled their sell and purchase agreement for 50,000 acres of natural gas-rich land in Pennsylvania’s Marcellus Shale. Both the players had entered into a $405 million agreement in the middle of November. The reasons for the termination are yet to be disclosed.
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| Posted: 23 Dec 2010 05:24 PM PST Initial Claims for Unemployment Insurance fell by 3,000 last week to 420,000 (the previous week was also revised up by 3,000, so one could see it as unchanged). This was better than the expected level of 425,000. The recent trend in claims has been downward, but the path has been erratic. It still looks like we might finally have gotten 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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rent-A-Center Buys Rental Store Posted: 23 Dec 2010 05:24 PM PST Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators in the U.S., recently acquired privately-held company, The Rental Store in a debt free transaction. The company financed the deal through cash available in hand, and partly utilized the purchase price of $75.5 million to disburse Rental Store's existing debt.
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| SM Energy Looks Ambitious In 2011 Posted: 23 Dec 2010 05:23 PM PST SM Energy (NYSE:SM) set its 2011 capital budget and provided the production guidance, which is 20% higher than 2010's level.
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| Walter Buys Mobile River Terminal Posted: 23 Dec 2010 05:23 PM PST The producer and exporter of premium coal Walter Energy Inc. (NYSE:WLT) announced that it has acquired the assets of Mobile River Terminal Co. in Mobile, Alabama from a subsidiary of U. S. Steel Corp.(NYSE:X). The company will use the premium coal from these assts for export to its global consumers.
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| Posted: 23 Dec 2010 05:23 PM PST New home sales in November rose by 5.5% from October, but that puts them at a dismal rate of 290,000. The percentage increase is a bit exaggerated as well, since the October numbers were revised down to 275,000 from 283,000. Thus relative to where we thought we were, the increase is more like 2.5%. The seven lowest months on record (back to 1963) for new home sales have all been in the last seven months. About the only good thing you can say about this report is that it was not the absolutely … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Zimmer Acquires Sodem Diffusion Posted: 23 Dec 2010 05:23 PM PST Zimmer Holdings (NYSE:ZMH), a global orthopedic and surgical products company, recently announced the acquisition of Sodem Diffusion S.A., based in Geneva, Switzerland. Sodem manufactures the line of Soplus Orthopedic Surgical Power Tools. Post-acquisition, it will be called Zimmer Surgical, S.A., a part of Zimmer Surgical, based in Dover, Ohio.
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| Dover Buys Sound Solution Biz. Posted: 23 Dec 2010 05:23 PM PST Dover Corp. (NYSE:DOV) has signed a definitive agreement to acquire Vienna, Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition is expected to close around the end of the first quarter of 2011 and will be slightly accretive to Dover's earnings per share during the first full year of ownership.
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| A Happy New Year For U.S. Economy? Posted: 23 Dec 2010 05:23 PM PST We are counting down to the New Year with about 9.8% of the population unemployed, 18% underemployed and a continuously worsening budget deficit. But mainstream economists appear upbeat about the year ahead, with increased expectations for the economy as the recently passed tax-cut extension bill will essentially give Americans a pay raise in 2011.
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| Humana Ups 2011 Earnings Outlook Posted: 23 Dec 2010 05:23 PM PST With the closure of the acquisition of Concentra, Inc., Humana Inc. (NYSE:HUM) has raised its earnings per share guidance for fiscal 2011.
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| Posted: 23 Dec 2010 05:23 PM PST Chicago, Illinois-based Hyatt Hotels Corporation (H), a leading global hospitality company, announced that its affiliate has bought a majority ownership in an ocean-front property in Brazil where it plans to construct a 408-room hotel in the brand Grand Hyatt.
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| Posted: 23 Dec 2010 05:23 PM PST Micron Technology Inc. (NYSE:MU) reported adjusted first quarter 2011 loss per share of 2 cents, as against the Zacks Consensus Estimate of earnings 28 cents per share. Consequently, shares fell 29 cents in after market trade, representing a decline of 3.50%. The miss was largely due to decreasing average selling prices (ASPs), stemming from the softening in PC demand.
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| United-Continental Revs To Rise Posted: 23 Dec 2010 05:23 PM PST United Continental Holdings Inc. (UAL), the holding company for both United Airlines and Continental Airlines, said that it expects unit revenue or passenger revenue per available seat mile to rise 9.75% to 10.75% in the fourth quarter of 2010.
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| VF Corp. To Buy Rock & Republic Posted: 23 Dec 2010 05:23 PM PST V.F. Corporation (NYSE:VFC), a global leader in branded lifestyle apparel with brands like Wrangler, Lee, etc., announced that it is expanding the portfolio of its brands by including the the fashionable Rock and Republic name to its kitty. As per the agreement, V.F. Corporation will only acquire the trademarks and intellectual property of the bankrupt Rock and Republic.
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| Panera Remains On Growth Track Posted: 23 Dec 2010 05:23 PM PST St. Louis-based Panera Bread Co. (NASDAQ:PNRA) remains on its growth track with the opening of its first drive-thru St. Augustine restaurant on December 28 in Northeast Florida. We believe Panera's new restaurant concept is on the right track for growth. Presently, the company operates 14 Panera Bread restaurants in the Northeast Florida region.
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| Navistar Beats But Profits Fall Posted: 23 Dec 2010 05:23 PM PST Navistar International Corporation (NYSE:NAV) posted a decline in profit of $49 million or 68 cents per share in the fourth quarter of its fiscal year ended October 31, 2010 from $86 million or $1.19 per share in the same quarter of prior year. In spite of this, the profit was higher than the Zacks Consensus Estimate of 59 cents per share.
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| Rio Tinto Acquires Riversdale Mining Posted: 23 Dec 2010 05:23 PM PST Global miner Rio Tinto Plc. (NYSE:RIO) formed a definite agreement with Australia-based Riversdale Mining Limited to acquire all of the issued and outstanding shares of the latter at an offer price of A$16 per share bringing the total consideration at A$3.9 billion. Rio Tinto decided to use its cash reserves and credit facilities to acquire the above.
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| Portfolio Recovery Expands Credit Posted: 23 Dec 2010 05:23 PM PST Yesterday, Portfolio Recovery Associates Inc. (NASDAQ:PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of $365 million was scheduled to expire in May 2011.
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| Tyco Divests Electrical Products Posted: 23 Dec 2010 05:23 PM PST Tyco International Ltd (NYSE:TYC) has completed the sale of a 51% stake in its Electrical and Metal Products businesses to the private equity firm Clayton, Dubilier & Rice, LLC (CD&R). Tyco will receive cash proceeds totaling $720 million.
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| Posted: 23 Dec 2010 05:23 PM PST As a part of its annual review, the rating agency A.M.Best, yesterday disclosed its findings on UnitedHealth Group Inc. (NYSE:UNH) and its subsidiaries. Details of the findings are as follows : A.M.Best reaffirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" along with a stable outlook on 26 of its subsidiaries.
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| Airgas Rejects Air Products Again Posted: 23 Dec 2010 05:23 PM PST Airgas Inc. (NYSE:ARG) declared that its board of directors has yet again rejected Air Products & Chemicals Inc.'s (NYSE:APD) final offer of $70 per share. The board stated that the offer price is still inadequate and below Airgas' current value, which it estimates at no less than $78.
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| Airgas Rejects Air Products Again Posted: 23 Dec 2010 05:23 PM PST Airgas Inc. (NYSE:ARG) declared that its board of directors has yet again rejected Air Products & Chemicals Inc.'s (NYSE:APD) final offer of $70 per share. The board stated that the offer price is still inadequate and below Airgas' current value, which it estimates at no less than $78.
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| Posted: 23 Dec 2010 05:23 PM PST American Eagle Outfitters Inc. (NYSE:AEO), in its endeavor to expand its geographical footprint announced the opening of its namesake brand and Aerie by American Eagle stores in Japan. The company has targeted Tokyo Harajuku shopping district for the launch of its first store in Japan in the first half of 2012.
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| Gilead Ends Letairis Trial For IPF Posted: 23 Dec 2010 05:23 PM PST Gilead Sciences Inc.(NASDAQ:GILD) recently announced that it will terminate its phase III trial (ARTEMIS-IPF) studying Letairis (ambrisentan) for the treatment of idiopathic pulmonary fibrosis (IPF) due to lack of efficacy.
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| Posted: 23 Dec 2010 05:23 PM PST We upgrade our recommendation on Jacobs Engineering Group Inc. (NYSE:JEC) from Underperform to Neutral, based on the expectations of modest recovery in the company's business in the upcoming year after bottoming-out in fiscal 2010.
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| Ericsson Acquires Optimi Corp. Posted: 23 Dec 2010 05:23 PM PST LM Ericsson Telephone Company (NASDAQ:ERIC) has acquired a U.S.-Spanish telecommunications product and service vendor, Optimi Corporation, to expand its network development capabilities. The companies did not reveal the terms of the deal.
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| Posted: 23 Dec 2010 05:23 PM PST In the past, Lakewood, Colorado–based Einstein Noah Restaurant Group Inc (NASDAQ:BAGL), known for its Einstein Bros. Bagels stores, has used most its cash in reducing the financial obligation of the company. The company will now be committed on enhancing the shareholder value by a number of initiatives such as share repurchase, dividend, etc. over the long run.
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| Halliburton Wins North Sea Deal Posted: 23 Dec 2010 05:23 PM PST Halliburton (NYSE:HAL) has won a contract from ConocoPhillips (NYSE:COP) to provide drilling services to the Jasmine discovery in the North Sea region. With a 36.5% interest, ConocoPhillips will act as the operator of the Jasmine field while Eni SpA (NYSE:E) and BG Group hold 33% and 30.5% stakes, respectively.
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| Posted: 23 Dec 2010 05:22 PM PST Expanding its employee benefits coverage, yesterday, Marsh & McLennan Companies Inc.'s (NYSE:MMC) leading insurance brokerage wing, Marsh Inc. announced that its subsidiary, Marsh & McLennan Agency LLC (MMA) has acquired US-based Trion Group Inc. However, the terms and value of the deal remains undisclosed.
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| Posted: 23 Dec 2010 05:22 PM PST Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) is in the final phase of implementing a dedicated global distribution network for its novel MicroThermX Microwave Ablation product line. In this regard, the company has strategized to use the network of specialty distribution firms, which markets products in the interventional radiology area. BSD Medical's ablation products are targeted at this market.
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| Posted: 23 Dec 2010 05:22 PM PST Offshore drilling service provider Rowan Companies Inc. (NYSE:RDC) is constantly endeavoring to speed up its entry into the deepwater segment. As part of this effort, Rowan intends to acquire deepwater rigs to hasten its entry plan by at least one year versus its earlier approximation of two to four years.
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| Posted: 23 Dec 2010 01:53 PM PST One of the founding myths of the modern global financial system was that governments, especially of the developed democracies, could borrow endlessly without consequence. But, with sovereign debt crises erupting across the globe, it appears that the umbrella of perceived safety has gotten smaller, exposing some benighted countries, like Greece and Ireland, to severely rough weather. As a key condition for financial rescues of these ailing sovereigns, the International Monetary Fund … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| New Zealand Q3 GDP – The Details Posted: 23 Dec 2010 12:57 PM PST New Zealand saw an unexpected contraction in GDP in the September quarter, recording a -0.20% decline from the June quarter. On a year on year basis GDP was up 1.50% which was lower than consensus estimates for 1.80% growth. Much of the weakness was due to a minor loss of momentum and the impact of the Christchurch earthquake. However there are several reasons why this will likely be the low point as 2011 is set to be a strong year for economic growth in New Zealand. Digging into the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Discover More Card 5% Cashback Categories For 2011 Posted: 23 Dec 2010 07:50 AM PST Discover (NYSE:DFS) has announced the new 5% Cashback Bonus categories for most part of 2011 for their Discover More Card. This 5% cashback for rotating categories program was first implemented by Discover, and that was followed shortly by Chase Freedom and Citi Dividend Platinum Select cash back credit cards. If you already have this ultra popular cash rewards card, you can start enrolling for your Discover More 5% cashback for Jan-Mar 2011 now. Cardmembers also get to receive an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bed Bath & Beyond Beats Estimate Posted: 23 Dec 2010 07:39 AM PST Bed Bath & Beyond, Inc. (NASDAQ:BBBY) reported better-than-expected third-quarter 2010 results on the heels of double-digit growth in sales and higher margins. Earnings rose 28% to 74 cents per share from the year-ago quarter earnings of 58 cents a share and handily surpassed its earnings guidance range of 61 cents to 65 cents per share.
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| Bed Bath & Beyond Beats Estimate Posted: 23 Dec 2010 07:39 AM PST Bed Bath & Beyond, Inc. (NASDAQ:BBBY) reported better-than-expected third-quarter 2010 results on the heels of double-digit growth in sales and higher margins. Earnings rose 28% to 74 cents per share from the year-ago quarter earnings of 58 cents a share and handily surpassed its earnings guidance range of 61 cents to 65 cents per share.
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| Petrobras Scores In Espirito Santo Posted: 23 Dec 2010 07:39 AM PST Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of light oil in the country's Espírito Santo Basin. The new well – the deepest find in the region – is expected to have an important bearing regarding further exploration activity in the prolific basin.
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| Petrobras Scores In Espirito Santo Posted: 23 Dec 2010 07:39 AM PST Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of light oil in the country's Espírito Santo Basin. The new well – the deepest find in the region – is expected to have an important bearing regarding further exploration activity in the prolific basin.
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| Label Expansion Sought For Byetta Posted: 23 Dec 2010 07:39 AM PST Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and partner Eli Lilly and Company (NYSE:LLY) recently submitted a supplemental New Drug Application (sNDA) with the US Food and Drug Administration (FDA) seeking a label expansion for their type II diabetes drug, Byetta. The companies are looking to get Byetta approved for use as an add-on therapy to basal insulin in adults with type II diabetes.
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| Label Expansion Sought For Byetta Posted: 23 Dec 2010 07:39 AM PST Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and partner Eli Lilly and Company (NYSE:LLY) recently submitted a supplemental New Drug Application (sNDA) with the US Food and Drug Administration (FDA) seeking a label expansion for their type II diabetes drug, Byetta. The companies are looking to get Byetta approved for use as an add-on therapy to basal insulin in adults with type II diabetes.
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| Vornado To Record Toys ‘R’ Us Loss Posted: 23 Dec 2010 07:38 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently announced its share of third quarter 2010 results of Toys 'R' Us, a premier global retailer of dedicated toys and baby products. Vornado Realty's fourth quarter 2010 results will include a net loss of $30.7 million or $0.15 per share, compared to a net loss of $26.6 or $0.13 recorded in the year-earlier quarter. The company currently owns about 32.7% of Toys 'R' Us.
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| Vornado To Record Toys ‘R’ Us Loss Posted: 23 Dec 2010 07:38 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently announced its share of third quarter 2010 results of Toys 'R' Us, a premier global retailer of dedicated toys and baby products. Vornado Realty's fourth quarter 2010 results will include a net loss of $30.7 million or $0.15 per share, compared to a net loss of $26.6 or $0.13 recorded in the year-earlier quarter. The company currently owns about 32.7% of Toys 'R' Us.
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| GD Gets Contracts Worth $92.3 M Posted: 23 Dec 2010 07:38 AM PST U.S.defense giant, General Dynamics Corporation (NYSE:GD) received three contracts worth a combined value of $92.3 Million to support the Stryker vehicle program. General Dynamics Land Systems, a wholly owned subsidiary of General Dynamics, will oversee work as per the contract.
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| GD Gets Contracts Worth $92.3 M Posted: 23 Dec 2010 07:38 AM PST U.S.defense giant, General Dynamics Corporation (NYSE:GD) received three contracts worth a combined value of $92.3 Million to support the Stryker vehicle program. General Dynamics Land Systems, a wholly owned subsidiary of General Dynamics, will oversee work as per the contract.
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| Posted: 23 Dec 2010 07:38 AM PST Rio Tinto (NYSE:RIO) revised its bid amount for Riversdale Mining, offering $3.9 billion, up from $3.5 billion Bed Bath & Beyond (NASDAQ:BBBY) posted fiscal third quarter profits of $0.74, below the Zacks Consensus Estimate of $0.93, and reported revenues of $2.2 billion, which are again well below the Zacks Consensus Estimate of $2.35 billion. The company announced its plans for a $2 billion stock repurchase program, and increased guidance for 2010 from 20% EPS growth to 25% at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Another Drop In Crude Stockpiles Posted: 23 Dec 2010 07:38 AM PST The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in crude and distillate stockpiles, while gasoline supplies continued with their climb. Meanwhile, refinery run-rates were down slightly from the previous week.
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| Posted: 23 Dec 2010 07:37 AM PST Strayer Education Inc.(NASDAQ:STRA) is a prominent player in the for-profit post-secondary education industry. The company's sustained effort to expand educational programs and open new campuses has boosted enrollments and its top line.
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| Certriad Development Discontinued Posted: 23 Dec 2010 07:37 AM PST Abbott Labs (NYSE:ABT) and AstraZeneca (NYSE:AZN) recently announced that they no longer intend to continue with the development of Certriad, a fixed-dose, single pill formulation of Abbott Lab's next-generation triglyceride lowering pill, TriLipix and AstraZeneca's powerful statin drug, Crestor.
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| AMB Property’s New Brazil Fund Posted: 23 Dec 2010 07:37 AM PST AMB Property Corp. (NYSE:AMB), a leading real estate investment trust (REIT), has recently formed AMB Brazil Logistics Partners Fund I, L.P. to develop, acquire, own, operate and manage logistics properties in Brazil focusing primarily on Sao Paulo and Rio de Janeiro markets. The strategic move is aimed to capitalize on the economic growth of Brazil that has led to a spurt in demand for high-quality logistics facilities.
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| BioScrip Reaffirmed At Neutral Posted: 23 Dec 2010 07:37 AM PST We maintain our Neutral recommendation on BioScrip Inc. (NASDAQ:BIOS) following its tepid third-quarter fiscal 2010 results. Earnings for the quarter trailed both the Zacks Consensus Estimate and the year-ago earnings. Profit plummeted 66% year over year, hit by higher costs and tax.
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| Stock Markets Flat Line Ahead Of Holidays Posted: 23 Dec 2010 06:48 AM PST U.S. stocks gained, sending the S&P 500 Index higher for a fifth day Wednesday, as government data showed the economy grew last quarter at a faster pace than previously estimated. The U.S. economy expanded at a 2.6% annual rate in the third quarter, marking a pickup in growth that may extend into 2011 as companies and consumers gain confidence to spend. The revised increase in GDP compares with a 2.5% estimate issued last month and was less than the median forecast of a 2.8% in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Dec 2010 06:35 AM PST Royal Dutch Shell [[RDS-A] – Co. has found natural gas on its concession in Libya's Sirte basin, Nureddin Wafati, according to an official with Shell Exploration and Production Libya. (RTRS) UK Rio Tinto (NYSE:RIO) – Co. has offered USD 3.9bln to buy African-focused rival Riversdale in an agreed deal to tap soaring demand for coking coal but investors are betting on a possible bidding war from rival suitors. (RTRS) Astrazeneca (NYSE:AZN) – Co. and Abbot end license agreement for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bloomberg Counters Gold’s Run With Absurd, Baseless Hit-Piece Posted: 23 Dec 2010 04:45 AM PST Monday morning I was greeted via my inbox with a Bloomberg report on Gold. Bloomberg has a series called "The Dark Side of Gold." Its important to note this isn't the first time the news organization has attempted a hit-piece on Gold. I wrote about this exactly one year ago and identified the cases and examples of Bloomberg's gold bashing. The crux of the biased series (one that even makes CNBC blush) is how Gold ETF's are responsible for Gold's rise and contributing to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Has The Financial Collapse Of Europe Now Become Inevitable? Posted: 23 Dec 2010 03:29 AM PST What in the world is happening over in Europe? Well, it is actually quite simple. We are witnessing the slow motion collapse of the euro and of the European financial system. At this point, many analysts are convinced that a full-blown financial implosion in Europe has become inevitable. Ireland, Spain, Portugal, Italy, France and Belgium are all drowning in an ocean of unsustainable debt. Meanwhile, Germany and the few other “healthy” members of the EU continue to try to keep … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Rallies To 6-week High, Tops Parity Posted: 23 Dec 2010 03:01 AM PST Forex Pros – The Australian dollar rallied for the fourth consecutive day against its U.S. counterpart on Thursday, boosted by positive sentiment towards the euro zone and after data showed the U.S. economy grew more than initially forecast. AUD/USD hit 1.0049 during European morning trade, the pair's highest since November 11; the pair subsequently consolidated at 1.0045, jumping 0.55%. The pair was likely to find support at 0.9949, Wednesday's low, and resistance at 1.0090, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Vs. Most Rivals In Subdued, Pre-holiday Trade Posted: 23 Dec 2010 02:00 AM PST Forex Pros – The U.S. dollar was down against most of its major counterparts on Thursday, as trade remained subdued in the run up to the Christmas weekend. During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.05% to hit 1.3107. Earlier in the day, a Chinese Foreign Ministry spokeswoman said that China was willing to assist countries in the euro zone return to economic health and would support the International Monetary Fund bailout package for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Slumps To 1-week Low In Holiday-thinned Trade Posted: 23 Dec 2010 01:33 AM PST Forex Pros – The U.S. dollar was down for the fourth consecutive day against the yen on Thursday, slumping to a 1-week low, as simmering fears over the euro zone's debt crisis and concerns that the U.S. economic recovery was lagging generated support for the safe haven yen. USD/JPY hit 82.85 during European morning trade, the pair's lowest since December 14; the pair subsequently consolidated at 82.95, tumbling 0.74%. The pair was likely to find support at 82.33, the low of December 7, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Hits 2-day High, Shrugs Off Downbeat N.Z. Data Posted: 23 Dec 2010 01:09 AM PST Forex Pros – New Zealand's dollar was up against its U.S. counterpart on Thursday, rising to hit a 2-day high, as markets shrugged off downbeat data on New Zealand's third quarter gross domestic product. NZD/USD hit 0.7472 during early European trade, the pair's highest since December 21; the pair subsequently consolidated at 0.7456, surging 0.73%. The pair was likely to find support at 0.7345, the low of December 20, and resistance at 0.7521, the high of December 15. Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary: Wednesday, December 22, 2010 Posted: 23 Dec 2010 01:00 AM PST The market is sounding like a broken record with much of the same. Once again stocks rose lightly to new highs on very light trade. Investor complacency worsened on not much movement in the major indexes as the Volatility Index (the VIX) rose 6.3% making another three year closing low to 15.45. In the eyes of investors it appears all is good for stocks and nothing can go wrong. We are raising the support level on the Nasdaq Composite as we are staying with the trend (see below). … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Pares Gains In Choppy, Pre-holiday Trade Posted: 23 Dec 2010 12:26 AM PST Forex Pros – The pound pared gains against the U.S. dollar on Thursday, retreating from a daily high as trade remained volatile in the run up to the year end, after a Bank of England official said that he expected interest rates to rise. GBP/USD hit 1.5436 during early European trade, a daily high; the pair subsequently consolidated at 1.5387, easing up 0.02%. The pair was likely to find support at 1.5347, the low of September 14, and resistance at 1.5493, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Euro Still Lower Posted: 23 Dec 2010 12:13 AM PST Shown below you can see that the EUR/USD found hourly resistance at the 23.6% retracement level on the move from December 17th highs to December 21st lows. The previous candlestick made a session high of 1.3151 reaching the 100 hour moving average. If this selling continues, the next downside target for the pair is the 0.0% line at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| French Consumer Spending Rises More-than-expected Posted: 22 Dec 2010 11:55 PM PST Consumer spending in France rose more-than-expected last month, official data showed on Thursday. In a report, INSEE said that French consumer spending rose to a seasonally adjusted 2.80%, from -0.60% in the preceding month whose figure was revised up from -0.70%. Analysts had expected French consumer spending to rise 0.50% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Mixed In Subdued Trade; Nikkei Closed For Holiday Posted: 22 Dec 2010 11:51 PM PST Forex Pros – Asian stocks were mixed in subdued, holiday-thinned trade on Thursday, as oil producers gained along with crude prices, while markets in Japan remained closed for a national holiday. During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.77%, South Korea’s Kospi Composite shed 0.03%, while Japan's Nikkei 225 Index was closed in observance of the Emperor's Birthday. Shares in the energy sector performed strongly as crude oil prices rallied to a 26-month high. Shares … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Decreased Oil Inventories Push Crude Oil Towards $91.00 Posted: 22 Dec 2010 11:40 PM PST Decreased Oil Inventories Push Crude Oil towards $91.00
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| Forex – EUR/USD Hits Daily High As Rehn Comments Offer Reprieve Posted: 22 Dec 2010 11:28 PM PST Forex Pros – The euro rebounded from close to a 3-week low against the U.S. dollar on Thursday in thin trade leading up to the Christmas weekend, after remarks made by European Union Monetary Affairs Commissioner Olli Rehn boosted the single currency. EUR/USD hit 1.3152 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3145, jumping 0.34%. The pair was likely to find support at 1.3072, the low of December 21, and resistance at 1.3358, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Growth & Income Stock: Cooper Industries Plc Posted: 22 Dec 2010 11:05 PM PST Cooper Industries plc (NYSE:CBE) has been soaring since early September as the global economic recovery gains traction. Despite a nice run up, the stock doesn’t appear to be overvalued with a PEG ratio of 1.3.
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| Bear Of The Day: Big Lots, Inc. (BIG) Posted: 22 Dec 2010 11:05 PM PST Big Lots Inc.’s (NYSE:BIG) third-quarter 2010 earnings missed both the Zacks Consensus Estimate and its own outlook. The company also delivered disappointing comparable store sales results, rising marginally by 0.7% as against growth of 2% to 4% forecast by management.
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| Bull Of The Day: Family Dollar Stores (FDO) Posted: 22 Dec 2010 11:05 PM PST Family Dollar Stores’ (NYSE:FDO) strategic initiatives to improve merchandising and store operations have helped grow the top and bottom lines. The company’s point-of-sale technology and store realignment initiatives are helping to drive traffic.
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| Aggressive Growth Stock: Cabot Microelectronics Posted: 22 Dec 2010 11:05 PM PST Cabot Microelectronics Corp (NASDAQ:CCMP) estimates are surging after the company announced record-setting annual results. Forecasts pushed even higher on the latest news of a share repurchase program, giving even more fuel to the recent rally.
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| Momentum Stock: MWI Veterinary Supply, Inc. Posted: 22 Dec 2010 11:05 PM PST MWI Veterinary Supply, Inc. (NASDAQ:MWIV) recently hit a new all-time high at $64.73 after rallying into the end of the year on a Q4 earnings surprise of 16% from early November. With an average earnings surprise of 23% Over the last four quarters and bullish growth projection of 14%, this Zacks #1 rank stock could be your latest
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| Forex – EUR/USD Up During The Asian Session Posted: 22 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3131, up 0.24% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3201, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8514 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The Asian Session Posted: 22 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5418, up 0.21% at time of writing. The pair was likely to find support at 1.5357, Wednesday's low, and resistance at 1.5577, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8512 and GBP/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Toyota Aims For 3% Sales Growth Posted: 22 Dec 2010 09:05 PM PST Toyota Motor Corp. (NYSE:TM) has targeted global sales growth of 3% to 8.61 million vehicles in 2011 compared with 8.37 million vehicles in 2010. The sales projection included vehicles to be sold by its subsidiaries – Daihatsu Motor Co. and Hino Motors Ltd.
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| Current Sentiment Data Re: Stocks And Gold Posted: 22 Dec 2010 09:02 PM PST One of my favorite contrary indicators is the put to call volume ratio of an individual stock security. Generally, a relatively high put to call ratio indicates that market participants are, on balance, very afraid of a price drop. A relatively low put to call ratio means that market participants are overwhelmingly convinced that price is going much higher. And the way to use this data is to look for extremes in these sentiment readings and know that they are contrary indicators. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Breaks $90 As Inventories Plunge, Gold Flat But ETF Holdings Fall Posted: 22 Dec 2010 08:51 PM PST Commodities – Energy
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| Forex – USD/CHF Down During The Asian Session Posted: 22 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday. USD/CHF was trading at 0.9520, down 0.01% at time of writing. The pair was likely to find support at 0.9502, today's low, and resistance at 0.9720, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.3114 and USD/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 22 Dec 2010 08:21 PM PST Happy Holidays! Dian L. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Down During The Asian Session Posted: 22 Dec 2010 08:20 PM PST Forex Pros – The Euro was lower against the British Pound on Thursday. EUR/GBP was trading at 0.8503, down 0.13% at time of writing. The pair was likely to find support at 0.8447, Monday's low, and resistance at 0.8524, Wednesday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3112 and EUR/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down During The Asian Session Posted: 22 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 83.21, down 0.43% at time of writing. The pair was likely to find support at 83.19, today's low, and resistance at 84.12, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.10% to hit 1.3112 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 3 Financials ETFs To Benefit From Interest Rate Jumps Posted: 22 Dec 2010 07:18 PM PST Since the beginning of the month, interest rates have been on the rise pushing yields on 10-year Treasurys over 3.5%, their highest level in seven months, boosting the appeal of the Financial Select Sector SPDR (XLF), the iShares Dow Jones US Regional Banks Index Fund (IAT) and the KBW Bank ETF (KBE).
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| Forex – USD/CAD Down During The Asian Session Posted: 22 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday. USD/CAD was trading at 1.0126, down 0.07% at time of writing. The pair was likely to find support at 1.0103, Monday's low, and resistance at 1.0209, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.11% to hit 1.3114 and GBP/USD rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up During The Asian Session Posted: 22 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday. AUD/USD was trading at 1.0002, up 0.12% at time of writing. The pair was likely to find support at 0.9864, Monday's low, and resistance at 1.0010, Wednesday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.01% to hit 1.3113 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The Asian Session Posted: 22 Dec 2010 06:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3111, up 0.09% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3201, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8507 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up During The Asian Session Posted: 22 Dec 2010 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Thursday. EUR/JPY was trading at 109.50, up 0.03% at time of writing. The pair was likely to find support at 109.21, Wednesday's low, and resistance at 110.72, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.15% to hit 1.3118 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Thursday 23 December Posted: 22 Dec 2010 05:34 PM PST Morning Highlights Singapore market opened higher after Wall Street edged up overnight following a report that showed the US economy growing faster than expected. STI up 11.79 points to open at 3156.10. GLP to buy 19.9% Shenzhen Chiwan Petroleum for US$69.4 million Watch Out For Economic News Today Singapore CPI (Nov) U.S Initial Jobless Claims U.S New Home Sales (Nov) Corporate Announcements Keppel has secured an order for jackup rig about US$180 million from Jasper … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Inventory Watch: US Demand Up 4% From A Year Ago Posted: 22 Dec 2010 04:51 PM PST Inventories A seven week streak in which the total petroleum surplus fell was snapped in the latest period, as inventories fell 6 million barrels versus the 5-year average decline … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 22 Dec 2010 04:46 PM PST Talk about losing hope.
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| Forex – GBP/JPY Up During The Asian Session Posted: 22 Dec 2010 04:45 PM PST Forex Pros – The British Pound was higher against the Japanese Yen on Thursday. GBP/JPY was trading at 128.71, up 0.11% at time of writing. The pair was likely to find support at 128.34, Wednesday's low, and resistance at 130.49, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.12% to hit 1.5404 and EUR/GBP falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 22 Dec 2010 04:00 PM PST 12/23/10 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
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| Posted: 22 Dec 2010 03:05 PM PST Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has successfully rolled out its MicroThermX Microwave Ablation (MTX-180) for soft tissue ablation (destruction). The company has successfully placed three of these tissue devices at clinical sites across Utah and Michigan with the roll-out of a fourth system underway.
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| Posted: 22 Dec 2010 02:35 PM PST We currently reiterate our Neutral recommendation on Starbucks Corporation (NASDAQ:SBUX).
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| TOTAL Acquires Interest In Elevance Posted: 22 Dec 2010 02:35 PM PST Integrated oil and gas company, TOTAL S.A. (NYSE:TOT), announced that it has acquired an interest in Chicago-based Elevance Renewables Sciences Inc., a company presently working on an innovative technology, which will transform natural oil into high performance chemicals.
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| Stock Picks For Thursday December 23 Posted: 22 Dec 2010 02:33 PM PST ( click to enlarge ) Red Hat, Inc. (NYSE:RHT), fell below the support level at $47.10. The stock had a bearish divergence which could be very bearish. The momentum is now bearish and as long as the stock is trading below the 47.10 level, a short position is preferred. The next support level on the daily chart is at $43.65. ( click to enlarge ) Affymax, Inc. (NASDAQ:AFFY) continued trading above the major MAs. The stock surged 2.58%, closing the day at $6.75 with the overall trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Williams Partners Get Cabot Assets Posted: 22 Dec 2010 02:05 PM PST Williams Partners L.P. (NYSE:WPZ) completed its acquisition of Cabot Oil & Gas Corporation’s (NYSE:COG) midstream assets in Susquehanna County, Pennsylvania, through its subsidiary, Williams Field Services Company, LLC (“WFS”) for $150 million. The transaction was announced on November 19.
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| Morgans Hotel Extends CEO Tenure Posted: 22 Dec 2010 02:05 PM PST Morgans Hotel Group Co. (NASDAQ:MHGC) is extending the period of service of its chief executive officer (CEO) Fred Kleisner by 3 months. Kleisner was supposed to resign upon the completion of his tenure on December 31.
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| Jacobs Partially Acquires Aker Posted: 22 Dec 2010 02:05 PM PST Jacobs Engineering Group Inc. (NYSE:JEC) declared to acquire some of the operations of Latin American based Aker Solutions ASA for $675 million. Aker Solutions ASA, through its subsidiaries and affiliates, is a leading global provider of engineering and construction services, technology products and integrated solutions.
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 22 Dec 2010 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3098, down 0.02% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8514 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Attack On American Education Posted: 22 Dec 2010 01:50 PM PST Over the long term, the only way we're going to raise wages, grow the economy, and improve American competitiveness is by investing in our people — especially their educations.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 22 Dec 2010 01:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday. USD/JPY was trading at 83.58, down 0.20% at time of writing. The pair was likely to find support at 83.42, today's low, and resistance at 84.20, Friday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.03% to hit 1.3096 and GBP/USD falling 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: STI, WAG, ODP Posted: 22 Dec 2010 01:35 PM PST 12/22/10 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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| UnitedHealth Lowers Advocacy Costs Posted: 22 Dec 2010 01:35 PM PST In an effort to mould the legislation in its favor, health insurer UnitedHealth Group (NYSE:UNH) has been reported to have spent $550,000 during the three months from July to September 2010. This amount is 46% lower than the $1.02 million spent on lobbying the federal government in the same period a year ago and 42% lower than $940,000 spent in the final quarter of 2009.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 22 Dec 2010 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3101, up 0.01% at time of writing. The pair was likely to find support at 1.3074, Tuesday's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.52% to hit 0.8512 and EUR/JPY falling 0.21% to hit … [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 0.23% Posted: 22 Dec 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.23%, the S&P 500 index gained 0.34%, while the Nasdaq 100 index climbed 0.06%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 0.20%; Germany's DAX shed 0.14%; Britain's FTSE 100 climbed 0.53%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Sara Lee Considering JBS Buyout Posted: 22 Dec 2010 01:05 PM PST Illinois-based Sara Lee Corp. (NYSE:SLE) may itself to JBS — a Brazilian company and the world’s largest beef producer — for over US$10 billion.
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| Duke Energy And Alinda Form JV Posted: 22 Dec 2010 01:05 PM PST Duke Energy Corporation (NYSE:DUK) and Alinda Capital Partners LLC have formed a joint venture, as previously agreed upon, to grow DukeNet Communications LLC. Also, DukeNet announced the closure of a $150 million senior-secured credit facility.
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| JPMorgan Finds Small Biz Beautiful Posted: 22 Dec 2010 01:05 PM PST JPMorgan Chase & Co. (NYSE:JPM) continues to make contributions to the economic recovery by lending out to small businesses. In 2010, the banking arm of JPMorgan extended loans of more than $10 billion to U.S. small businesses, the company said on Tuesday. This represents more than a 40% increase in small business loans year to date.
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| Daily US Dollar Index Roundup – 12/22 Posted: 22 Dec 2010 01:04 PM PST The US Dollar Index (DXY) was roughly unchanged in holiday-driven flow. The 130-day moving average continues to provide resistance, but the outlook continues to be bullish while hourly price-action remains above 80.30 on a closing basis. The commodity currencies (Aussie and Loonie) outperformed as risk appetite continues to flourish. The USD/CAD has shied away from 100-day moving average resistance, while the AUD/USD remains poised to re-test 1.0031 (the 76.4% retracement). The British … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Pessimistic Player Targets Momenta Pharmaceuticals Put Options Posted: 22 Dec 2010 12:59 PM PST Pessimistic player targets Momenta Pharmaceuticals put options
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| Posted: 22 Dec 2010 12:56 PM PST The USD traded mixed, following revised US 3Q GDP data. Meanwhile safe-haven demand boosted the CHF to record highs against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The U.S. Session Posted: 22 Dec 2010 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5379, down 0.59% at time of writing. The pair was likely to find support at 1.5357, today's low, and resistance at 1.5647, Friday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8514 and GBP/JPY falling 0.82% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Microsoft ARMs Its Way Into Mobile Posted: 22 Dec 2010 12:35 PM PST While it is still mostly speculation, there has been a flood of news reports about an agreement between Microsoft Corp (NASDAQ:MSFT) and ARM Holdings (NASDAQ:ARMH) that would effectively end the exclusivity of Windows on the x86 architecture used by Intel Corp (NASDAQ:INTC) and Advanced Micro Devices (NYSE:AMD).
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| Posted: 22 Dec 2010 12:35 PM PST We recently reiterated our Neutral recommendation on Monster Worldwide Inc., (MWW).
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| Liberty Global In Acquisition Spree Posted: 22 Dec 2010 12:35 PM PST A recent Bloomberg report revealed that Liberty Global Inc. (NASDAQ:LBTYA), a leading global cable TV and diversified broadband services provider, is looking for more acquisitions in Germany. This time the possible target is Kabel Baden-Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany with more than 2.3 million subscribers.
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| Posted: 22 Dec 2010 12:05 PM PST Leading U.S. drug retailer Walgreen Company (NYSE:WAG) reported first-quarter fiscal 2011 (ended November 30) earnings of 62 cents per share, comfortably beating the Zacks Consensus Estimate of 54 cents while exceeding the year-ago earnings of 49 cents. The year-ago quarter's results include 3 cents per share in restructuring charges associated with the company's "Rewiring for Growth" initiative.
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| Posted: 22 Dec 2010 12:05 PM PST Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) has forged a long-term agreement with leading integrated media intelligence solutions provider VMS. The deal provides ZOLL Medical with access to VMS's real-time media monitoring and analytics services.
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| Dominion Proceeds On 1.3GW Project Posted: 22 Dec 2010 12:05 PM PST Dominion Virginia Power, a subsidiary of Dominion Resources Inc. (NYSE:D), received the required air permit from the Virginia Air Pollution Control Board for its 1,300-megawatt, combined cycle Warren County Power Station near Front Royal.
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| Forex – USD/CAD Down During The U.S. Session Posted: 22 Dec 2010 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0137, down 0.32% at time of writing. The pair was likely to find support at 1.0038, Friday's low, and resistance at 1.0209, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.3091 and GBP/USD falling 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GDP Figures Dominate Money Markets Posted: 22 Dec 2010 11:55 AM PST 12/22/10 The major currency pairs continued to fluctuate this session on economic data as GDP figures came in short of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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