Wednesday, December 1, 2010

DailyMarkets.com - Do Your Credit Report And Credit Score Matter When Looking For A Job?

DailyMarkets.com - Do Your Credit Report And Credit Score Matter When Looking For A Job?

Do Your Credit Report And Credit Score Matter When Looking For A Job?

Posted: 01 Dec 2010 09:35 AM PST

Your credit report is one of the most important things you should know about when you become an adult in the US, whether you like it or not. Banks, potential employers and even landlords will do a credit check on you before they decide to grant you loans, give you a job or rent out the apartment to you.

Many employers in the US take a look at your credit report when you apply for a job and use that as a means to decide whether to hire you or not. If you have a bad credit score, you might be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TMO To Acquire Lomb Scientific

Posted: 01 Dec 2010 09:35 AM PST

Recently, Thermo Fisher Scientific (NYSE:TMO) decided to acquire Lomb Scientific, which deals in laboratory chemicals, consumables and instruments in Australia and New Zealand. Lomb Scientific, with an employee strength of 100 and revenues of AUD$ 34million, has a wide client base which includes hospitals, universities, research andanalytical laboratories in both Australia and New Zealand. In addition, Lomb Scientific's client base has expanded across Asia and the Middle East. However, terms of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Offers Notes After 2 Years

Posted: 01 Dec 2010 09:35 AM PST

Moving ahead with its capital restructuring, American International Group Inc. (NYSE:AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory prospectus for the two-part notes offering. The proceeds from this sale are expected to be utilized for general business purposes, with the approval of the Federal Reserve Bank of New York.
Accordingly, one set of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Top Stories: “Risk On” Trading Returns On Chinese Manufacturing, US Jobs Data And Words From Trichet

Posted: 01 Dec 2010 09:35 AM PST

Today's Top Overnight Stories

1. November's Manufacturing Data Strong in China Comes in Strong – The manufacturing sector continues to see activity expand in November. The government's CFLP Manufacturing PMI rose to 55.2 from 54.7. The consensus forecast was a smaller increase to 54.7. The private HSBC manufacturing PMI also increased, climbing to 55.3, near the consensus forecast. These two reports show that China's economy continues to run strong, despite the attempt by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Google Overpaying For Groupon? Here’s An Analysis

Posted: 01 Dec 2010 09:25 AM PST

It seems that Google (NASDAQ:GOOG) is poised to make a potential $6 billion acquisition of Groupon which has been described as $5.3 billion in upfront consideration and $700 million in performance awards for management. Investor reaction yesterday was negative with the stock falling 4.5% and the internet appears to be on fire with bloggers and journalists bashing Google's reckless spending. Afterall, $6 billion is double the value Google paid for Doubleclick. Its $2 billion more than current … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Long On Gas, Longer On Oil

Posted: 01 Dec 2010 09:21 AM PST

Even if the pace of China’s growth slows dramatically, count on the commodities boom to continue, says Adrian Day Asset Management Chairman and CEO Adrian Day. That bodes well for oil, as China’s huge population will at least double per-capita consumption of oil over the next decade—maybe even drive it up fivefold. In this Energy Report exclusive, Adrian discusses Indian and Chinese demand and why he isn’t worried long term about natural gas.

The Energy Report: Adrian, you recently … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Uranium Miners Hit New Highs

Posted: 01 Dec 2010 09:13 AM PST

In 1883, a historic cataclysm of 10 days shook the world and vaporized Krakatoa, an island between Java and Sumatra. An umbrella of ash rose 50 miles high and sent sonic reverberations seven times around the world. Deaths numbered 120,000. Scientists of that time were awed by the magnitude of nature's forces that were being unleashed. They speculated that one day ways would be found to harness this energy. Even the Bible concurred with the physicists, that all inert matter contained … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market 101: The Timeless Advice That Applies To Any Investor

Posted: 01 Dec 2010 09:12 AM PST

Stock Market 101: The Timeless Advice That Applies to Any Investor
by Marc Lichtenfeld, Investment U's Senior Analyst
Wednesday, December 1, 2010: Issue #1398
"Dad, can you teach me about the stock market? I want to buy a stock."
It was music to my ears, given that my nine-year-old son had never taken much interest in his old man's job before, or asked how the market and stocks work.
It had been a while since I'd given a "Stock Market 101″ lesson, but no matter your level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DDR Opens Discount Stores

Posted: 01 Dec 2010 09:05 AM PST

Developers Diversified Realty Corp. (NYSE:DDR), a leading real estate investment trust (REIT), has recently announced the introduction of six new discount stores of Five Below in 2010. The retail stores were opened in Ohio, New Jersey, North Carolina and New York.
Since its inception in October 2002, Five Below has operated as a privately-held chain of discount stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, West Virginia, North Carolina, Ohio, Massachusetts, Connecticut, Rhode … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Billiton Wins Contract

Posted: 01 Dec 2010 09:05 AM PST

A subsidiary of mining giant, BHP Billiton Ltd. (NYSE:BHP), BHP Billiton Petroleum Pty Ltd. agreed with Oceaneering International Inc. (NYSE:OII) to provide the latter with umbilicals and distribution equipment for the development of the Macedon gas field in Western Australia.
Recently, BHP Billiton withdrew the buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (NYSE:POT) and decided to invest a total of $570 million for investment in Western Australia's iron ore production.
The funds … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks Higher On US Aid Rumor

Posted: 01 Dec 2010 09:04 AM PST

Forex Trading: EURUSD Pops Higher

Posted: 01 Dec 2010 08:51 AM PST

Moves through the 100 hour mA and tests underside of trendline a the 1.3109.  The 1.3124 is STILL the key 200 day MA.  There have been rumors of Bank of International Settlement buying that has prompted the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cardinal Grabs Chinese Distributor

Posted: 01 Dec 2010 08:47 AM PST

Cardinal Health (NYSE:CAH) has expanded its foothold in the lucrative Chinese pharmaceutical distribution market with the completion of its $470 million acquisition of privately-held Zuellig Pharma China (locally known as "Yong Yu"), the largest pharmaceutical importer in China. The newly acquired entity will be integrated into the Ohio-based Cardinal's pharmaceutical segment.
Yong Yu has more than $1 billion in annual sales and serves all major multinational pharmaceutical companies in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OmniVision’s Net Up, Shares Soar

Posted: 01 Dec 2010 08:47 AM PST

OmniVision Technologies' (NASDAQ:OVTI) earnings of 50 cents for the fiscal second quarter (ending October 2010) beat the Zacks Consensus Estimate by 7 cents. The company's shares jumped 4.31% in response to the news.
Total Revenue
OmniVision's reported revenue of $239.5 million was up 24.0% sequentially, 30.6% over the prior year and exceeded the Zacks Consensus Estimate by 3.2%. Revenue was at the high end of management's guidance range of $220-240 million (up 13.9% to up 24.3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Kroger

Posted: 01 Dec 2010 08:46 AM PST

The Kroger Company (NYSE:KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to be reported, the Zacks Consensus Estimate for revenue is $18,524 million.
Second-Quarter 2010, a Synopsis
Kroger's second-quarter 2010 results outpaced the Zacks' expectations. The quarterly earnings of 41 cents a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADP Sees 93,000 Jobs Added

Posted: 01 Dec 2010 08:46 AM PST

The Automatic Data Processing (NYSE:ADP) employment survey was much better than expected in November. It shows that private sector employment rose by 93,000 in October, above consensus expectations for a 58,000 increase. Also, the October numbers were revised to a gain of 82,000 jobs rather than the original estimate of a gain of 43,000 jobs.

ADP, as the largest payroll processing firm in the country, is in a very good position to look at the state of the job market. This is evidence of an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Daewoo To Repay $1B Debt

Posted: 01 Dec 2010 08:46 AM PST

General Motors Corporation (MTLQQ), in an attempt to further strengthen its financial position, has announced that its South Korean subsidiary, GM Daewoo Auto & Technology Inc., will fully repay its revolving credit facility this month. As of September 30, 2010, the facility had a balance of $1 billion.
GM Daewoo is the third largest automobile manufacturer in South Korea. The company has five manufacturing facilities in Korea and an assembly facility in Vietnam. GM owns 70.1% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: VeriFone Holdings

Posted: 01 Dec 2010 08:46 AM PST

VeriFone Holdings Inc. (NYSE:PAY) is scheduled to report fiscal fourth quarter and fiscal 2010 results on December 2, 2010.
VeriFone expects revenues between $258 million and $262 million in the fourth quarter, up 18%–21% year over year and almost flat sequentially compared to $261.0 million reported in the third quarter of 2010. The Zacks Consensus Estimate for the fourth quarter is $263.0 million.
Earnings per share (excluding stock based compensation expense and one time charges) are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Turning Up

Posted: 01 Dec 2010 08:43 AM PST

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

Canadian Dollar: Rebound In Sight

Posted: 01 Dec 2010 08:43 AM PST

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

Cocoa’s Consolidation Continues

Posted: 01 Dec 2010 08:42 AM PST

Today’s Idea
Cocoa’s continued sideways movement may have some traders looking for strategies that will benefit from the current consolidation phase. One such strategy would be to sell a strangle in Cocoa futures options, with call strike prices above the recent highs and put strike prices below the recent lows. For example, with March Cocoa trading at 2822 as of this writing, one could sell a February Cocoa 3000 call as well as a February Cocoa 2600 put for about 70 points, or $700 per spread, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rallies On ECB Speculation

Posted: 01 Dec 2010 08:32 AM PST

12/01/10 Growing speculation that tomorrow will see the ECB take steps to contain the sovreign debt crisis has led the way for quite the rally in crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD In Between The Goal Posts

Posted: 01 Dec 2010 08:27 AM PST

In the webinar yesterday we talked about the dynamics of what we term the "Goal Post" strategy. This is a technical trading strategy that focuses on the 100 and 200 bar MA. WHen the price moves below the 100 bar MA (blue line in the chart above) it triggers a bearish bias. A target becomes the 200 bar MA – the confirming MA. A move below the 200 bar MA would confirm the bearishness. However, if the price can not break the level, it says the market is not ready to confirm such bearishness. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Big Economic Story, And Why Obama Isn’t Telling It

Posted: 01 Dec 2010 07:51 AM PST

Quiz: What's responsible for the lousy economy most Americans continue to wallow in?
A. Big government, bureaucrats, and the cultural and intellectual elites who back them.
B. Big business, Wall Street, and the powerful and privileged who represent them.
These are the two competing stories Americans are telling one another.
Yes, I know: It's more complicated than this. In reality, the lousy economy is due to insufficient demand – the result of the nation's almost unprecedented … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: F, AXP, DFS, COF

Posted: 01 Dec 2010 02:50 AM PST

12/01/10 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

Online Job Openings Reach 27-Month High In Oct.

Posted: 01 Dec 2010 07:27 AM PST

“Online advertised vacancies rose a modest 47,400 in November to 4,457,200 following an increase of 113,700 in October, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today (see chart above).  The nation's Supply/Demand rate stood at 3.37 unemployed for every advertised vacancy in October (the last available unemployment data)—a figure that is down from a peak of 4.73 in October 2009.”

“In November, demand for workers continued to be positive, albeit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lessons Learned Growing Up In Boston, MA

Posted: 01 Dec 2010 07:21 AM PST

I loved growing up in Boston. My beloved knows how often I think back to the lessons learned and 'education' received in those formative years of the 1960s and early '70s.
While growing up as a youth in Boston my friends and I experienced plenty of situations that shaped our characters and our outlook. I know for a fact that my youthful experiences also had a profound impact on shaping my instincts.
What did I learn growing up in Boston? What did I learn riding those city buses and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 12.1.10

Posted: 01 Dec 2010 07:20 AM PST

The morning news notes as prepared by TL…ADP employment, Federal Reserve to identify recipients of $3.3 trillion in aid provided during financial crisis, Eurozone sovereign debt, the deficit commission, state spending picking up, US farm income, US housing prices,  and President Obama and Republicans to compromise on taxes.
 

“Morning News Notes: December 1, 2010″

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

Motorola Announces Separation Date

Posted: 01 Dec 2010 07:05 AM PST

Yesterday, Motorola Inc. (NYSE:MOT) declared the much-awaited date for splitting into two separate entities. This will happen on January 4, 2011  before the opening bell. Motorola had decided to split into two publicly traded and independent entities in January 2011. New segments will be called (1) Motorola Mobility, which will comprise Mobile Devices and Home Businesses and (2) Motorola Solutions which will comprise Enterprise Mobility Solutions and Networks Businesses.
The split will take … [visit site to read more] or compare Best Credit Cards and Best CD Rates

State Street In Restructuring Mode

Posted: 01 Dec 2010 07:05 AM PST

On Tuesday, State Street Corp. (NYSE:STT) announced a number of restructuring programs aimed improving efficiency to boost its bottom line. The plan begins immediately and consists of targeted cost initiatives and operational and information technology enhancements through the reduction of both workforce and occupancy costs.
Beginning in the fourth quarter of 2010, State Street anticipates restructuring costs of about $160–$165 million. In total, the company expects to incur nearly $400–$450 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: Cash For Human Hair

Posted: 01 Dec 2010 06:59 AM PST

At the Hairwork website you can sell or bid on human hair, here’s an example:

“I am cutting my hair and it is mostly 12.5-13.5 inches long, with the longest strands reaching to 15.5 inches (pictured above).  I don’t straighten or blow dry. Silky, smooth, and lays straight with no need for straightening. Never drink, never smoke, healthy diet. I will cut it after money is received. I receive compliments all the time on my hair. $600.00 or best offer.”  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Universal Technical Misses

Posted: 01 Dec 2010 06:40 AM PST

Universal Technical Institute Inc. (NYSE:UTI) recently posted lower-than-expected fourth-quarter 2010 results. The quarterly earnings of 29 cents a share missed the Zacks Consensus Estimate of 39 cents, and dropped 9.4% from 32 cents earned in the prior-year quarter due to increased operating expenses.
Following this, a negative sentiment may be palpable among the analysts covering the stock, and we could witness a fall in the Zacks Consensus Estimate in the coming days.
The Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: American Express Company, Bank Of America, Corning Incorporated, Deutsche Bank AG, Goldman Sachs Group, HSBC Holdings Plc, J P Morgan Chase & Co, Jefferies Group, Kroger Company, RLI, State Street Corp, Tyson Foods, UBS AG, Dendreon, Expedia

Posted: 01 Dec 2010 06:40 AM PST

 State Street (NYSE:STT) said it will lay off 1,400 jobs, or 5% of its workforce

 RLI (NYSE:RLI) said it will pay a $7.00 per share special dividend

 Bank of America (NYSE:BAC) initiated coverage of Dendreon (NASDAQ:DNDN) with a “buy” rating and a price target of $44

 Jefferies (NYSE:JEF) initiated coverage of Expedia (NASDAQ:EXPE) with a “buy” rating and a price target of $36

 Goldman Sachs (NYSE:GS) upgraded Tyson (NYSE:TSN) to “neutral” from “sell,” with a price target of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lowe’s Sticks To Outlook

Posted: 01 Dec 2010 06:40 AM PST

Lowe's Companies Inc. (NYSE:LOW), the world's second largest home improvement retailer, reaffirmed its fiscal 2010 outlook, and said that during its annual conference, it would highlight the strategic initiatives to be undertaken to stay afloat amid unpredictable housing market and dwindling consumer environment, coupled with unemployment woes.
Management notified that the company's growth prospects are not solely dependent upon the improvement in the housing environment. It plans to manage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Are The Problems In Europe Just Beginning?

Posted: 01 Dec 2010 06:28 AM PST

The fear of another financial crisis in Europe is impacting the markets around the world. The decline in the euro has been significant enough to rekindle speculation of the euros demise. Portugal's bond auction of 12 monthTreasury bonds saw a significant rise in cost with the yield hitting 5.28% versus the 4.8% in early November. Spain has seen a rise in yields as well with rumors growing concerning financial trouble. It is the uncertainty of the current issues facing Europe that are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Wednesday: Research In Motion, Johnson & Johnson, Apple, Google, Bank Of America, Prudential

Posted: 01 Dec 2010 06:20 AM PST

US stocks declined Tuesday, preventing the third straight monthly advance for the S&P 500 Index, amid concern that Europe's government debt crisis will morph into contagion that's too big to bail.

Meanwhile Google (NASDAQ:GOOG) faced an antitrust probe. Google fell 4.5 percent, the most since July, after European Union antitrust regulators began an investigation and EBay (NASDAQ:EBAY) lost 3.6 percent  after the stock's rating was cut at Piper Jaffray , while Bank of America Corp. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cabot Upgraded To Neutral

Posted: 01 Dec 2010 06:07 AM PST

Following the recent capital infusion of over $200 million and strong operating results, we upgrade independent energy exploration and production ("E&P") company Cabot Oil and Gas (NYSE:COG)  to Neutral from Underperform.
Based in Houston, Texas, Cabot has four domestic focus areas: the Appalachia, the Gulf Coast, the Rocky Mountains, and the Anadarko Basin (in Oklahoma, Kansas, and the Texas Panhandle). As of year-end 2009, the company had 2.06 trillion cubic feet equivalent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tetra Tech Wins Contracts

Posted: 01 Dec 2010 06:07 AM PST

Tetra Tech Inc. (NASDAQ:TTEK) has won a $40 million contract for the management of a U.S. government forestry program in Indonesia. The program will last for four years.
Tetra Tech Inc. has won a $119 million contract from the U.S. government to assist the local government in Kabul for the improvement of sanitation, streets and parks. The contract has a base duration of one year with two one-year extension options.
We expect the U.S. stimulus package to drive accelerating sales and profit growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCN Mulls Share Issue

Posted: 01 Dec 2010 06:06 AM PST

Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced plans to offer 9.0 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 1.4 million shares to cover any over-allotments.
 
Health Care REIT expects to utilize the proceeds for acquisitions due to distressed selling by property owners who have not been able to refinance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Exxon Flying High With Chemicals

Posted: 01 Dec 2010 06:06 AM PST

ExxonMobil Corp. (NYSE:XOM) is planning to increase capacity by 10% at its hydrocarbon fluids plant in Antwerp, Belgium. The expansion is focusing on high performance Exxsol fluids is expected to be completed by mid-2011. Exxon’s chemical portfolio includes Isopar, Solvesso and Exxsol D fluids. 
Exxon is the largest worldwide producer of olefins, paraxylene, benzene and polyolefins, and holds leading positions in a variety of other specialty chemicals.  The company has been providing its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Fresh Daily High After ADP Payrolls Rise

Posted: 01 Dec 2010 06:03 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, advancing to a fresh daily high, after data showed that U.S. private sector employment rose significantly more-than-expected in November.

EUR/USD hit 1.3136 during European morning trade, the daily high; the pair subsequently consolidated at 1.3132, jumping 1.17%.

The pair was likely to find support at 1.2828, the low of September 14 and resistance at 1.3301, Monday's high.

In a report, payroll processing firm ADP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Further Advance

Posted: 01 Dec 2010 06:02 AM PST

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

Japanese Yen: Caution

Posted: 01 Dec 2010 06:02 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: 01 Dec 2010 06:02 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: 01 Dec 2010 06:02 AM PST

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

Forex Trading: EURJPY Tests Key 100 Hour MA Resistance At 110.47

Posted: 01 Dec 2010 05:48 AM PST

Forex Trading: EURUSD Breaks Above 200 Day MA At The 1.3124 Level

Posted: 01 Dec 2010 05:41 AM PST

Forex – USD/CAD Tumbles To Daily Low As Crude Oil Prices Rally

Posted: 01 Dec 2010 05:41 AM PST

Forex Pros – The U.S. dollar was down sharply against its Canadian counterpart on Wednesday, tumbling to a daily low as crude oil prices rallied on the back of improved risk sentiment.

USD/CAD hit 1.0182 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.0180, tumbling 0.79%.

The pair was likely to find support at 1.0083, the low of November 26 and resistance at 1.0286, Tuesday's high.

Earlier Wednesday, crude oil prices jumped 1.99% to hit USD 85.49 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Monthly Performance Round-up: (November 30, 2009)

Posted: 01 Dec 2010 05:31 AM PST

Jitters in global financial markets as a result of European debt problems, Chinese tightening and Korean hostilities impacted stocks negatively in November (and boosted the U.S. dollar and gold bullion).
The performance of a number of global stock markets is given in the table below in local currency terms for different measurement terms ended November 30. Other than to say that the month produced mostly negative returns, halting a period of gains in September and October, the numbers speak for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish-Looking Stocks For Wednesday: Valero Energy, Exide Technologies, Magnum Hunter Resources, Autonation

Posted: 01 Dec 2010 05:27 AM PST

Here are some setups I like for today. The futures look pretty strong at the time of writing this post, and I am not a big fan of chasing gap ups, so I might not take any new positions today, at least not at the open. With 80% in long positions, the most I have been invested overnight in the last week or so, and the rest in cash, I am quite content to just sit back and take profits in case the market continues to be strong. 1200 will be the number to look for on the upside on S&P. I … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Joy Of Stats – Hans Rosling’s 200 Countries, 200 Years

Posted: 01 Dec 2010 05:25 AM PST

Hans Rosling's famous lectures combine enormous quantities of public data with a sports commentator's style to reveal the story of the world's past, present and future development. Now he explores stats in a way he has never done before, using augmented reality animation. In this spectacular section of "The Joy of Stats" he tells the story of the world in 200 countries over 200 years using 120,000 numbers – in just four minutes. Plotting life expectancy against income for every … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Manufacturing PMI: Somewhat Stronger Than Anticipated

Posted: 01 Dec 2010 05:24 AM PST

The CFLP China Manufacturing PMI for November rose for the fourth consecutive month, to 55.2 compared to October's 54.7.

Sources: Li & Fung; Plexus Asset Management.
The number was roughly in line with the seasonal trend as depicted by the averages of the period 2005 to 2007 but was slightly higher than I expected.

Sources: Li & Fung; Plexus Asset Management.
The higher PMI was mainly driven by higher new export orders that rebounded to a six-month high. However, the imports PMI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Must See “clock”

Posted: 01 Dec 2010 05:21 AM PST

U.S. ADP Non-farm Payrolls Rise More-than-expected

Posted: 01 Dec 2010 05:20 AM PST

Forex Pros – U.S. non-farm private employment rose significantly more-than-expected in November, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 93K in November, after rising by 82K in October, whose figure was revised up from 43K.

Analysts had expected non-farm private sector employment to increase by 65K in November.

The report said employment in the service-providing sector rose by 79K in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Case Of $6,000 Gold, According To David Tice

Posted: 01 Dec 2010 05:18 AM PST

Federated's David Tice says weak international currencies, rising unemployment and a falling Dow could push gold as high as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Research Or Insider Trading? A Guide.

Posted: 01 Dec 2010 05:15 AM PST

What constitutes legitimate research? When is the insider trading line crossed?
The following humorous guide comes from NYC friend Josh Brown, author of The Reformed Broker … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Wednesday: Bank Of America, Google, Teva, Rio Tinto, Prudential

Posted: 01 Dec 2010 05:13 AM PST

In spite of better than expected economic data, equities finished the session lower as concerns over the Eurozone failed to abate and instead the attention turned to other peripheral states

UK

UK Banks – UK's Chancellor Osborne said that British banks are strongly capitalised, and are able to cope with any strains. (CNBC/RTRS)

Rio Tinto (NYSE:RIO) – Co. approved USD 1.2bln in spending to expand its Iron Ore mines in Western Australia as part of a plan to boost output by half. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mobius: Update On Korea

Posted: 01 Dec 2010 05:12 AM PST

The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management.
North Korea engaged South Korea in an artillery duel near their borders on Tuesday, November 23, sparking off a fresh round of tensions on the Korean Peninsula. Regardless of the motivations behind North Korea's latest transgression, this incident is more serious than its previous provocations because it was the first artillery attack on the South's territory since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Doug Kass: Shortage Of Water Could Roil 2011 Markets

Posted: 01 Dec 2010 05:10 AM PST

Hedge fund manager Doug Kass thinks the scarcity of water could trigger very serious geo-political issues in Asia – something he describes as a destabilizing factor with the potential to become a powder … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FMC Tech, Petrobras In Subsea Deal

Posted: 01 Dec 2010 05:06 AM PST

Oil drilling equipment maker FMC Technologies Inc. (NYSE:FTI) has entered into a memorandum of understanding with Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR) , or Petrobras S.A., to build future subsea technology solutions for its oil and gas projects offshore Brazil.
FMC Technologies said that the agreement includes the development of innovative and cost effective subsea production systems to deal with the challenges related to Petrobras’ pre-salt oil and gas reservoirs (oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Corporate Profits – Trickle Down, Please!

Posted: 01 Dec 2010 04:53 AM PST

Forex – Dollar Broadly Lower Against Rivals As U.S. Data Eyed

Posted: 01 Dec 2010 04:31 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Wednesday, as concerns over sovereign debt contagion in the euro zone eased and ahead of the release of a flurry of U.S. data.

During European afternoon trade, the greenback was down against the euro, with EUR/USD soaring 0.95% to hit 1.3105.

A slight narrowing of yield premium of government debt in Portugal, Spain and Italy over safe-haven German bonds supported the single currency. Also Wednesday, Portugal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits Fresh Daily High After U.K. Manufacturing Data

Posted: 01 Dec 2010 04:18 AM PST

Forex Pros – The pound extended gains against the U.S. dollar on Wednesday, rising to a fresh daily high after data showed that U.K. manufacturing growth unexpectedly rose at the fastest pace in 16 years in November.

GBP/USD hit 1.5649 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.5619, gaining 0.36%.

Cable was likely to find support at 1.5448, the low of September 15 and resistance at 1.5771, the high of November 26.

In a report, market research … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ImmunoCellular Therapeutics (IMUC) : At The Forefront Of Targeting Cancer Stem Cells (II)

Posted: 01 Dec 2010 04:17 AM PST

Grant Zeng, CFA
What Should Investors Know about the Differences between Provenge and ICT-107?

ImmunoCellular Therapeutics, Ltd (IMUC) is a clinical stage biotech company focused on research and development of innovative cancer diagnostics and treatments. The Company's key technology is active immunotherapy aimed at targeting cancer stem cells. The Company is focused on developing products that harness the native immune system to attack CSCs without harming healthy tissue.

IMUC's lead … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Major Moves Nov: Assets Approach $3 Bill, New Active ETFs Fly High

Posted: 01 Dec 2010 04:00 AM PST

November was a choppy month for the markets, with concerns in the Euro-zone resurfacing with Ireland now in the hot seat and North Korea stirring up the international community with its aggressive moves again. The S&P500 was nearly flat on the month, while the NASDAQ was down more than 3% and the Dow down slightly more than 1%. As the month closed, volatility spiked as the market dropped two straight days in a row causing the VIX to jump more than 9% on the final day of November.
There was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Appetite Regains Its Footing, But The Advance Will Likely Be Short-Lived

Posted: 01 Dec 2010 03:45 AM PST

        

Fundamental Headlines
• Europe's Crisis Widens – Wall Street Journal
• Rate Fears Knock China Stocks – Wall Street Journal
• Trichet Hints at Bond Purchase Rethink- Financial Times
•Fed to Name Recipients of $3.3 Trillion in Aid During Crisis – Bloomberg
•Contagion May Force EU to Expand Arsenal to Fight Debt Crisis – Bloomberg
GBPUSD: Nationwide house prices in Great Britain slid 0.3 percent in November after falling 0.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Gains As Tighter Bond Yields Lend Support

Posted: 01 Dec 2010 03:38 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, surging to a fresh daily high, as the cost of insuring euro-zone sovereign debt against default dropped back.

EUR/USD hit 1.3116 during European morning trade, the daily high; the pair subsequently consolidated at 1.3101, soaring 0.90%.

The pair was likely to find support at 1.2828, the low of September 14 and resistance at 1.3301, Monday's high.

A slight narrowing of yield premium of government debt in Portugal, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Soars As Calm Returns To European Markets

Posted: 01 Dec 2010 03:18 AM PST

Forex Pros – The euro rebounded from a 2-month low against the yen on Wednesday, posting sharp gains as the cost of insuring euro-zone sovereign debt against default fell back.

EUR/JPY hit 109.89 during European morning trade, the daily high; the pair subsequently consolidated at 109.77, jumping 1.03%.

The pair was likely to find support at 108.33, Tuesday's low and resistance at 110.68, Tuesday's high.

After hitting record highs Tuesday, Spanish 10-year yield spreads to bunds saw the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits Daily High, Shrugging Off Weak GDP Data

Posted: 01 Dec 2010 02:40 AM PST

Forex Pros – Australia's dollar rebounded from a 2-month low against its U.S. counterpart on Wednesday, shrugging off worse-than-expected third quarter GDP data as risk appetite sharpened.

AUD/USD clawed up from 0.9535, the pair's lowest since September 24, to hit 0.9638 during European morning trade, gaining 0.53%.

The pair was likely to find support at 0.9462, the low of September 24 and resistance at 0.9816, the high of November 26.

Earlier in the day, data showed that Australia’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Post Sharp Gains; DAX Jumps 1.57%

Posted: 01 Dec 2010 02:27 AM PST

Forex Pros – European stocks posted sharp gains on Wednesday, amid speculation that European policy makers were set to intervene to prevent the region's debt crisis spreading, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 surged 1.51%; France's CAC 40 gained 0.86%; while Germany’s DAX jumped 1.57%.

Shares in the financial sector were broadly higher on speculation that the European Central Bank would delay its exit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Trims Gains After Strong U.K. Manufacturing PMI

Posted: 01 Dec 2010 02:14 AM PST

Forex Pros – The euro trimmed gains against the pound on Wednesday, retreating from the daily high, after data showed that manufacturing activity in the U.K. rose unexpectedly in November, rising to the highest level since September 1994.

EUR/GBP retreated from 0.8396, the daily high, to hit 0.8371 during European morning trade, gaining 0.37%.

The pair was likely to find support at 0.8308, the low of September 16 and resistance at 0.8448, Tuesday's high.

In a report, market research … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Manufacturing PMI Rises Unexpectedly In November

Posted: 01 Dec 2010 01:39 AM PST

Forex Pros – Manufacturing activity in the U.K. increased unexpectedly in November, rising to the highest level since September 1994, data showed on Wednesday.

In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 58.0 in November, after rising to 54.9 in October.

Analysts had expected the manufacturing PMI to fall to 54.7 in November.

On the index, a reading above 50.0 indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Against Rivals After Trichet Remarks

Posted: 01 Dec 2010 01:19 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals on Wednesday, as risk aversion eased after the president of the European Central Bank indicated that governments were determined to defend the single currency.

During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.66% to hit 1.3068.

Earlier in the day, speculation mounted that ECB would delay its exit from emergency liquidity measures after the bank's president, Jean-Claude Trichet, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits 10-week High As Risk Appetite Sharpens

Posted: 01 Dec 2010 01:00 AM PST

Forex Pros – The U.S. dollar rose to a 10-week high against the Swiss franc on Wednesday, on speculation that European policy makers would intervene to prevent the further spread of the debt crisis engulfing the euro zone.

USD/CHF hit 1.0065 during European morning trade, the pair's highest since September 21; the pair subsequently consolidated at 1.0055, gaining 0.19%.

The pair was likely to find support at 0.9942, the low of November 25 and resistance at 1.0181, the high of September … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss SVME PMI Rises More-than-expected In November

Posted: 01 Dec 2010 12:37 AM PST

Forex Pros – Manufacturing activity in Switzerland rose more-than-expected in November, industry data showed on Wednesday.

In a report, the Swiss SVME purchasing managers’ association and Credit Suisse said that its purchasing managers' index rose to a seasonally adjusted 61.8 in November, up from 59.2 in October.

Analysts had expected the index to rise to 59.5 in November.

On the index, a reading above 50.0 indicates expansion, below indicates contraction.

Following the release of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Erases Losses Vs. Yen As Risk Aversion Eases

Posted: 01 Dec 2010 12:32 AM PST

Forex Pros – The U.S. dollar erased losses against the yen on Wednesday, clawing back from a 5-day low, as risk aversion eased amid speculation that European policy makers were set to act to prevent the region's debt crisis from spreading further.

USD/JPY clawed up from 83.41, the pair's lowest since November 24, to hit 83.77 during early European trade, gaining 0.08%.

The pair was likely to find support at 82.93, the low of November 24 and resistance at 84.39, Monday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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