Thursday, December 2, 2010

DailyMarkets.com - Citi Diamond Preferred Credit Card – The Best 0% Balance Transfer Card?

DailyMarkets.com - Citi Diamond Preferred Credit Card – The Best 0% Balance Transfer Card?

Citi Diamond Preferred Credit Card – The Best 0% Balance Transfer Card?

Posted: 02 Dec 2010 07:40 AM PST

0% balance transfer credit cards are a good choice if you want to pay 0% interest on an existing credit card balance. If you are currently paying interest on your credit card balance, you might want to consider transferring that balance to a 0% introductory offer credit card. By doing so, you get to cut your interest rates to 0% and can get out of debt sooner. The Citi Diamond Preferred Card, issued by Citibank (NYSE:C), is one of the best 0% balance transfer cards in the US, according to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Yesterday’s 250-Point Rally Very Significant For U.S. Stocks

Posted: 02 Dec 2010 07:27 AM PST

I'm looking at the major business newspapers this morning and I see one big story missing from page one of these newspapers, "Dow Jones up 250 points yesterday, single-day gain of 2.3%!"

Yesterday's big rise in the Dow Jones Industrial Average is very significant for the stock market.

As a leading indicator, the market predicted the turnaround in corporate profits months ago. That's why stocks are up about 70% from the spring of 2009.

While not moving in a straight line, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

All That Sparkles Isn’t Necessarily Gold

Posted: 02 Dec 2010 07:24 AM PST

Precious metals have become a household investment. Your neighbor may not be buying gold bars and putting them in the garage, but the average investor is putting more of their money into the sector. Gold historically has been the metal of choice and has offered market beating performance since the summer of 2002. If you google 'gold investing' you get more than 77 million choices. Leave it to Wall Street to come up with an excess of ways to invest in the metal.

SPDR Gold Shares … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Above 1.3281 Now….

Posted: 02 Dec 2010 07:12 AM PST

If the price cannot move below the 1.3176 level (give a buffer), look for a rotation back higher. 1.3216 is the high for the day then … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TARP: More Efficient Than Thought?

Posted: 02 Dec 2010 07:06 AM PST

According to an estimate released by the Congressional Budget Office (CBO) on Monday, the $700 billionTroubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, will cost taxpayers much less than anticipated.
The CBO now anticipates the cost to come down to $25 billion from its previous estimate of $66 billion in August.The cost is even lower than the Treasury's estimate of $50 billion in October, to say nothing of its $91 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Yahoo Japan-Google Deal Approved

Posted: 02 Dec 2010 07:05 AM PST

Regulators in Japan have okayed the agreement between Yahoo Japan and Google Inc. (NASDAQ:GOOG), which enables the former to use Google technology to power its search services in the country.
What this means is that Yahoo Japan would basically be licensing Google's search technology and touching it up with its own personalized products to serve its customers better search results and ads.
The advantage to Yahoo Japan, in which Yahoo Inc. (NASDAQ:YHOO) of the U.S. has a 35% stake, would be better … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Rebounds Off Support

Posted: 02 Dec 2010 07:05 AM PST

Forex Trading: EURUSD Back Above The 1.3122 Key Level And The Pendulum Swings

Posted: 02 Dec 2010 06:48 AM PST

The pendulum swung the other way and the price for the EURUSD has moved back above the 1.3122 level. This puts the 1.3150-53  level back in focus on the topside as the market volatility continues for the benchmark pair. The 1.3150 level represents some highs and lows (ceilings and floors) on the 5 minute chart.  See chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disney Raises Dividend

Posted: 02 Dec 2010 06:35 AM PST

The Walt Disney Company (NYSE:DIS), a diversified entertainment company, has announced a dividend increase, a plan to utilize its free cash to enhance shareholder return, thereby boosting investor confidence in the stock.
The Burbank, California based company, Disney, raised its current annual dividend by 14.3%. The company had last increased its dividend by 12.9%. During fiscal 2010, Disney generated free cash flows of $4,468 million, up 25% from last year, and ended the year with cash and cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FDA Panel Turns Down Glaxo Drug

Posted: 02 Dec 2010 06:35 AM PST

GlaxoSmithKline's (NYSE:GSK) efforts to get its prostate cancer drug, Avodart, approved for an additional indication faced a stumbling block recently with an advisory panel of the US Food and Drug Administration (FDA) voting against the label expansion.
The FDA's Oncologic Drugs Advisory Committee (ODAC) voted 14-2 against the label expansion. There were 2 abstentions in the voting process. The panel expressed concerns about the occurrence of more aggressive tumors in patients taking Avodart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Abercrombie & Fitch Company, Goldman Sachs Group, Johnson & Johnson, Limited Brands, Pepsico, Principal Financial Group Inc, Toll Brothers, WIMM BILL DANN FOODS OJSC, Costco Wholesale Corporation

Posted: 02 Dec 2010 06:35 AM PST

 PepsiCo (NYSE:PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE:WBD) for $3.8 billion

 Toll Brothers (NYSE:TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million beat estimates of $393.2 million

 Costco (NASDAQ:COST) reported monthly sales up 9% in November, up from estimates of a 6.3% rise

 Limited Brands (NYSE:LTD) posted a 10% sales gain for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Finds Its Range? 1.3122 Above 1.3063 Below

Posted: 02 Dec 2010 06:32 AM PST

Swiss Franc: Further Advance

Posted: 02 Dec 2010 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Turning Up

Posted: 02 Dec 2010 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound

Posted: 02 Dec 2010 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: The Upside Prevails

Posted: 02 Dec 2010 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weekly Jobless Claims Fall To 27-Month Low

Posted: 02 Dec 2010 06:12 AM PST

The Department of Labor reported today that the four-week average of initial unemployment claims fell to 431,000 for the week ending November 27, which is the lowest level since the first week of August 2008, more than two years ago (see chart above).  The number of workers continuing to receive jobless benefits fell to 4,288,500 last week on a four-week average basis, the lowest level since early December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ensco Sublets New Deepwater Rig

Posted: 02 Dec 2010 06:06 AM PST

The U.K. based Ensco plc (NYSE:ESV) has strategically signed a short-term contract for its new ultra-deepwater semisubmersible drilling rig Ensco 8503, which is recently mobilized to the U.S. Gulf of Mexico (GoM). Ensco will sublet the new rig to Tullow Oil for three months, while original customer Cobalt International Energy (CIE) seeks drilling permits in the U.S. Gulf of Mexico.
This is a three-month contract excluding approximately 50 days of mobilization and demobilization period with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Watson Launches New Pill

Posted: 02 Dec 2010 06:06 AM PST

Watson Pharmaceuticals, Inc. (NYSE:WPI) recently announced the launch of its emergency oral contraceptive (OC) pill, ella, that has been approved by the US Food and Drug Administration (FDA) for the prevention of unplanned pregnancies for up to five days after unprotected intercourse. Ella, which has been developed by HRA Pharma, is indicated for emergency use only. Ella will be promoted by Watson Pharma in the US under its exclusive distribution agreement with HRA Pharma.
Focus on Women's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Lower But Be Aware…

Posted: 02 Dec 2010 06:01 AM PST

The market is interpreting the comments from Trichet as being bearish for the EURUSD.  The idea may be that the ECB needs to be more accomodative at this point.  Their reluctance to add liquidity is therefore a risk to the economy. 
However, be aware for a rebound. The market switch their bias on a dime and they could decide that the take it slow policy and see what happens is ok for now.  They may also like that they buy the weak countries paper but keep the strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests Key Support At 1.3122 Again

Posted: 02 Dec 2010 05:45 AM PST

Equals 200 day MA and 100 hour … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Zumiez Beats On Better Sales

Posted: 02 Dec 2010 05:36 AM PST

Specialty retailer Zumiez Inc. (NASDAQ:ZUMZ) reported third-quarter earnings of 40 cents a share, beating the Zacks Consensus Estimate of 37 cents. The company also outpaced earnings of 17 cents a share posted in the third quarter of 2009. Net income from operations was $1.1 million compared with a loss of $1.8 million in the prior-year quarter.
Net sales in the reported quarter increased 20.0% year over year to $135.9 million from $113.2 million a year ago. Comparable store sales increased 14.4% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Krispy Kreme Beats, Ups Outlook

Posted: 02 Dec 2010 05:27 AM PST

Winston-Salem, North Carolina-based Krispy Kreme Doughnuts Inc.'s (NYSE:KKD) third quarter fiscal 2011 earnings were 3 cents per share. The Zacks Consensus Estimate was break-even. The company also reported a profit of $2.4 million compared to a loss of $2.4 million in the prior-year quarter. The better-than-expected results were driven by growth in the top line.
 Total revenue climbed 7.9% year over year to $90.2 million and also out-performed the Zacks Consensus Estimate of $89.0 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Thursday: General Motors, Ford, Google, Merck, HSBC, Siemens, Barclays, GlaxoSmithKline, Sanofi-Aventis

Posted: 02 Dec 2010 05:00 AM PST

The US indices gained over 2% as positive sentiment flooded the market, following the better than expected Chinese PMI data, as well as speculation that the ECB may announce an expansion to its bond buying program. Stocks were also aided by promising US economic data which raised expectation of a strong jobs report from the BLS on Friday. A weaker USD saw the basic materials and the oil and gas sectors lead the S&P 500. Finally, at the closing bell the DJIA closed up 2.27% at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Eaton Vance’s Move Alters The Active ETF Landscape

Posted: 02 Dec 2010 04:02 AM PST

On November 22nd, Eaton Vance put out a press release that announced the purchase of assets of Managed ETFs LLC, a company co-founded by Gary Gastineau. Gastineau is also the principal at ETF Consultants and has been behind the formulation of "NAV-based trading" – a trading mechanism for ETFs that could allow actively-managed ETFs to maintain portfolio confidentiality, while at the same time providing enough information to market makers to keep the ETF share price close to the fund NAV … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another First – Active High Yield Bond ETF From AdvisorShares (HYLD) Hits Market

Posted: 02 Dec 2010 04:00 AM PST

On December 1st, AdvisorShares launched its 5th actively-managed ETF, the Peritus High Yield ETF (HYLD: 50.15 0.00%) which will be the first actively-managed ETF in the US to focus on the high yield bond market. The fund will be sub-advised by Peritus Asset Management, a Santa Barbara, CA, based advisor that has been managing close to $500 million in assets through separately managed accounts, focusing on non-investment grade corporate bonds and loans.
HYLD has been in the works for a while now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Currency Traders Place The Spotlight On The ECB Rate Decision, Trichet Press Conference

Posted: 02 Dec 2010 03:45 AM PST

       

Fundamental Headlines
• Strong Demand For Spanish Bond – Wall Street Journal
• Europe's Markets Post Mild Gains – Wall Street Journal
• Markets Upbeat on Hopes For ECB Action- Financial Times
•Fed May Be "Central Bank of the World" After UBS, Barclays Aid – Bloomberg
•Trichet "Held Hostage" As Markets Heap Pressure On ECB Act – Bloomberg
EURUSD: Euro-Zone economic activity in the third quarter rose 0.4 percent after climbing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Market Musings: 12.1.10

Posted: 01 Dec 2010 09:06 AM PST

There is no question that we all would like to see a strong stock market.  In theory, a higher market should be reflective of a better economic outlook, and if the economy is prospering, then, as a whole, society should benefit.  Unfortunately, the current market is not reflective of a strong economy and more likely reflects the wishes of policy makers who see a higher market as a sign of prosperity.

I guess my point is that our policy makers have so much vested interest in being … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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