Thursday, December 9, 2010

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session


Forex – EUR/USD Up During The Asian Session

Posted: 09 Dec 2010 06:05 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3239, up 0.01% at time of writing.

The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3420, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8396 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During The Asian Session

Posted: 09 Dec 2010 05:35 PM PST

Forex Pros – The Euro was lower against the Japanese Yen on Friday.

EUR/JPY was trading at 110.82, down 0.04% at time of writing.

The pair was likely to find support at 109.58, Tuesday's low, and resistance at 111.65, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.02% to hit 1.3236 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Picks For Friday: Eastman Kodak, Texas Instruments, Cisco, GigaMedia

Posted: 09 Dec 2010 05:16 PM PST

( click to enlarge )
11% Increase!!! A truly remarkable day for Eastman Kodak Company (NYSE:EK) shares.  The stock surged 11.32 percent or 54 cents to $5.31 per share, spurring bullish options trading, amid renewed speculation the company is an acquisition target. Breakout !!!!! After nearly a month of consolidating sideways shares of Eastman Kodak broke out higher past resistance near $4.85. This is a very short-term bullish development. Conservative traders may want to exit now but I’m … [visit site to read more] or compare Best Credit Cards and Best CD Rates


November State Revenues Coming In Strong

Posted: 09 Dec 2010 04:50 PM PST

Reflecting increased economic activity, the following states are reporting higher tax revenues for the month of November:

1. Missouri – Total November tax collections were up 3.3% from November 2009, largely because of a 19.2% increase in sales tax revenue compared to last year. 

2. Texas collected 8.7% more sales tax in November, marking the eighth month in a row that receipts were higher than last year. 

3. Tennessee – State tax revenue grew 3.4% in November compared to the year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Up During The Asian Session

Posted: 09 Dec 2010 04:45 PM PST

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 132.10, up 0.03% at time of writing.

The pair was likely to find support at 129.55, Tuesday's low, and resistance at 132.95, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.02% to hit 1.5767 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FDA OKs Gen-Probe Adenovirus Test

Posted: 09 Dec 2010 04:05 PM PST

California-based diagnostic products maker Gen-Probe Inc (NASDAQ:GPRO) hassecured approval from the U.S. Food and Drug Administration (FDA) for its Prodesse ProAdeno+ assay for the detection of human adenovirus infection. The assay represents the latest addition to the company's Prodesse line of molecular tests.
Gen-Probe acquired the Prodesse product portfolio through its take over of molecular diagnostic products maker Prodesse Inc in October 2009. The acquisition provided the company a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BEN’s November-End AUM Results

Posted: 09 Dec 2010 04:05 PM PST

California-based Franklin Resources Inc. (NYSE:BEN) reported impressive year-over-year growth in its preliminary month-end assets under management (AUM) by its subsidiaries on December 8. The company's AUM of $642.3 billion at the end of November 30, 2010 registered an increase of 19.0% year over year; and fell 3.3% over the previous month.
Franklin Resources' total equity assets at November end were approximately $276.0 billion, up from $249.0 billion at the end of November 2009, but down … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USD/JPY Slightly Higher After Worse Manufacturing Index And CGPI

Posted: 09 Dec 2010 03:54 PM PST

USD/JPY made a new high of 83.83 following a -8.0 BSI manufacturing index number; worse than the 14.3 forecast and 13.3 prior showing. Additionally, CGPI (y/y) read 0.9% versus a 1.1% forecast and 0.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up During The Asian Session

Posted: 09 Dec 2010 03:50 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7490, up 0.05% at time of writing.

The pair was likely to find support at 0.7436, Wednesday's low, and resistance at 0.7667, Tuesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.03% to hit 1.3142 and EUR/NZD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stryker Enhances Return

Posted: 09 Dec 2010 03:35 PM PST

Orthopedic devices major Stryker Corp (NYSE:SYK) has raised its quarterly dividend to 18 cents a share from 15 cents, representing a 20% hike. This lifts the annual dividend to 72 cents per share from the current payout of 60 cents and equates to a dividend yield of roughly 1.4%. The revised quarterly dividend is payable on Jan 31, 2011, to shareholders of record as on Dec 31, 2010.
Moreover, the Michigan-based company's Board has approved an additional $500 million share repurchase … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WPPGY To Acquire Marketing Direct

Posted: 09 Dec 2010 03:35 PM PST

To strengthen its foothold in the healthcare sector, advertising titan WPP Group Plc (NASDAQ:WPPGY), via KBM Group, has agreed to acquire Marketing Direct Inc, a US-based integrated marketing services company. Completion of the transaction is subject to regulatory and Marketing Direct Inc.’s shareholders’ approval.
Based in St Louis, Missouri, Marketing Direct employed roughly 64 people and reported revenue of $16.9 million for the year ended December 31, 2009 with gross assets of $7.3 million. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DPL Raises Dividend

Posted: 09 Dec 2010 03:35 PM PST

DPL Inc. (NYSE:DPL) increased the quarterly dividend on its common stock from $0.3025 to $0.3325 per common share. This action increased the annualized dividend from $1.21 to $1.33 per common share. Over the years, management of DPL has rewarded shareholders by returning a substantial portion of its free cash flow through incremental dividends.
DPL has a strong balance sheet among its peers with a low debt-to-capitalization of 42.9% at the end of the first nine months of 2009 (Zacks industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: US Trade Balance, U. Of Michigan Consumer Sentiment

Posted: 09 Dec 2010 03:30 PM PST

12/10/10 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


Upgrading Tech Data To Outperform

Posted: 09 Dec 2010 03:05 PM PST

We upgrade Tech Data Corp. (NASDAQ:TECD) to Outperform from our previous Neutral rating, indicating that it would perform above the broader market. We have raised our price target to $55.00.
Third Quarter Results
On November 22nd, Tech Data reported impressive third quarter results, beating the Zacks Consensus Estimate. Record revenues and EPS in the quarter were attributable to a strong demand for technology products in both the Americas and Europe.
Net income in the reported quarter was $50.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rio Tinto Increases Ivanhoe Stake

Posted: 09 Dec 2010 03:05 PM PST

One of the leading mining companies of the world, Rio Tinto Plc. (NYSE:RIO) increased its stake in Ivanhoe Mines Ltd. (NYSE:IVN) from 35.0% to 49.0% in order to directly manage the Oyu Tolgoi project.  
Rio Tinto acquired 20 million shares in Ivanhoe Mines by exercising its remaining warrants and provided a financial package to the latter including the $1.8 billion interim loan facility. In doing so, the project is expected to finish by early fiscal 2012 as opposed to late fiscal 2012.
Further, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CNO Financial Sells Credit Facility

Posted: 09 Dec 2010 02:35 PM PST

In order to pay down the existing senior credit facility, CNO Financial Group Inc. (NYSE:CNO) has agreed to sell senior secured notes, and use the proceeds under a new senior secured credit facility along with CNO Financial's available cash.
CNO Financial intends to use the proceeds of $300 million of senior secured notes due in 2017, along with cash available with the company. Further, to finance the credit facility, CNO Financial has planned to borrow a new $325 million senior secured credit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: VeriFone Systems

Posted: 09 Dec 2010 02:25 PM PST

Estimates have been on the rise in the last seven days after VeriFone Systems Inc. (NYSE:PAY) reported strong results for the fourth quarter of fiscal 2010 and provided positive guidance for the next quarter and fiscal 2011. This has led to positive and significant estimate revisions by the analysts covering the stock driving a surge in earnings estimates and signifying a strong positive sentiment.   
Fourth Quarter Earnings Flashback
VeriFone reported revenues of $276 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Exelon To Retire NJ Plant

Posted: 09 Dec 2010 02:25 PM PST

Diversified energy utility company Exelon Corporation (NYSE:EXC) said it will close operations at its Oyster Creek Generating Station in New Jersey in 2019, ten years prior than originally planned. The plant is federally licensed to operate until 2029.
Exelon's decision to shut the plant stemmed from various economic factors which resulted in diminished plant value. The contributing factors here include low market prices and demand, and increased capital expenditures. Another factor which … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ABB Strengthens Software Portfolio

Posted: 09 Dec 2010 02:05 PM PST

Recently, ABB Ltd. (NYSE:ABB) entered into an agreement to acquire a US based privately owned specialist software provider, Insert Key Solutions (IKS). ABB will include the solutions from IKS to that of Ventyx software portfolio, acquired by the company in May 2010. The IKS portfolio matches with ABB's power industry solutions.
The software solutions of IKS focus on improving work process, enhancing the dependability of equipment, increasing the performance in power generation plants, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ball Corp To Buy Aerocan

Posted: 09 Dec 2010 02:05 PM PST

Ball Corporation (NYSE:BLL) announced the acquisition of Aerocan, a European manufacturer of aluminum aerosol cans and bottles, for approximately 221 million euros ($292.1 million) from Barclays Private Equity, including assumption of debt and other liabilities. The company expects the after-tax returns from the acquired business to exceed Ball’s return requirements and to broaden its metal packaging product line.
Aerocan is the largest supplier of aluminum aerosol cans and bottles as well as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of U.S. Session

Posted: 09 Dec 2010 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3239, down 0.17% at time of writing.

The pair was likely to find support at 1.3166, today's low, and resistance at 1.3423, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8396 and EUR/JPY falling 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 09 Dec 2010 01:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.

USD/JPY was trading at 83.74, down 0.35% at time of writing.

The pair was likely to find support at 82.34, Tuesday's low, and resistance at 84.30, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.3241 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dell On The Verge Of Acquiring Compellent Technologies

Posted: 09 Dec 2010 01:37 PM PST

12/09/10 Dell Inc. announced Thursday that is close to making a deal for data storage provider Compellent Technologies for roughly $876 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Retail Ventures Misses Estimate

Posted: 09 Dec 2010 01:35 PM PST

Columbus, Ohio-based Retail Ventures Inc.'s (NYSE:RVI) third quarter 2010 earnings of 11 cents per share missed the Zacks Consensus Estimate of 44 cents, but were higher than the loss of 28 cents posted in the prior-year quarter. The results improved on a year-over- year basis due to upside in revenues.
During the quarter, Retail Ventures posted a solid 10.1% growth in net sales to $489.3 million from $444.6 million in the year-ago quarter. The growth was mainly attributable to a 10.1% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GE Hitachi Seeks License Extension

Posted: 09 Dec 2010 01:35 PM PST

GE Hitachi Nuclear Energy has applied to the U.S. Nuclear Regulatory Commission to renew certification of its Advanced Boiling Water Reactor (ABWR) technology design. It enables predictability of costs for building new nuclear power plants.
The company, a collaboration between General Electric Company (NYSE:GE) and Hitachi Ltd (NYSE:HIT), is attempting to extend the tenure of the certification for 15 years beyond June 2012, when the previous certification expires. The reason is that it needs to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: DD, AIG, GT

Posted: 09 Dec 2010 08:31 AM PST

12/09/10 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


Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 09 Dec 2010 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3246, down 0.12% at time of writing.

The pair was likely to find support at 1.3166, today's low, and resistance at 1.3423, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8399 and EUR/JPY falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Analyst Interviews: Insurance Industry Stock Review

Posted: 09 Dec 2010 01:20 PM PST

After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has started improving. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis appears to be now behind us.

The soft market conditions, along with legislative changes, remain the chief causes for concern for the overall industry at this point. The industry continues to be challenged by the regulatory … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PartnerRe’s $99.5M Share Buyback

Posted: 09 Dec 2010 01:20 PM PST

Yesterday, property-casualty (P&C) and life reinsurer PartnerRe Ltd. (NYSE:PRE) announced the share repurchase of approximately 1.2834 million of common stock at a price of $77.50 per share, for $99.5 million. This represented about 1.7% of 74.6 million outstanding shares as of September 30. The share buyback was executed through a privately negotiated transaction with an institutional shareholder.
During the third quarter of 2010, PartnerRe had bought back 1.1 million common shares for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Myriad Strengthens Portfolio

Posted: 09 Dec 2010 01:20 PM PST

Myriad Genetics' (NASDAQ:MYGN) portfolio will expand further with its decision to acquire proprietary technology to detect malignant melanoma from California based Melanoma Diagnostics.
Under the terms of the agreement, Myriad will have the rights to commercialize all tests derived from this technology globally against upfront and milestone payments. However, financial terms of the deal were not disclosed.
At present, Myriad derives 88% of its revenues from Bracanalysis, which provides a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Be Cautious Of ETFs Boosted By Japan’s GDP Revision

Posted: 09 Dec 2010 01:17 PM PST

Japan witnessed its fourth consecutive quarter of economic growth enabling it to retain its position as the world's second largest economy after beating GDP expectations impacting the iShares MSCI Japan Index (EWJ), the iShares MSCI Japan Small Cap Index Fund (SCP) and the Vanguard Pacific Stock ETF (VPL).
The Japanese economy expanded by 4.5 percent in the third quarter of the year, exceeding analyst expectations by 0.6 percent and eating away at the nation's massive deflationary … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Mixed At Close; Dow Jones Down 0.02%

Posted: 09 Dec 2010 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.02%, the S&P 500 index gained 0.38%, while the Nasdaq 100 index climbed 0.04%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.68%; Germany's DAX shed 0.17%; Britain's FTSE 100 climbed 0.23%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Positive On The Medicines Co.

Posted: 09 Dec 2010 01:06 PM PST

We recently reiterated our Outperform recommendation on The Medicines Company (NASDAQ:MDCO). In August 2010, The Medicines Company received good news with the US District Court for the Eastern District of Virginia ordering the US Patent and Trademark Office (PTO) to treat The Medicines Company's patent term extension application for lead product, Angiomax, as having been filed on a timely basis.
Following this ruling, the PTO granted a one-year interim extension of the principal US patent that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Western Union Hikes Dividend

Posted: 09 Dec 2010 01:06 PM PST

Yesterday, the world's leading money transfer company Western Union Co. (NYSE:WU) announced a hike of 16.67% in its quarterly dividend to 7 cents per share. The increased dividend will be paid on December 31, to shareholders' of record as of December 20.
Western Union's dividend is supported by its generation of strong cash flow from operations of over $1 billion for the past three years. For full-year 2010, management expects GAAP cash flows from operating activities of $900 million to $1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Put Sellers See Bright Future For Ford Shares In 2011

Posted: 09 Dec 2010 12:57 PM PST

Put sellers see bright future for Ford shares in 2011
Today’s tickers: F, MSFT, ZQK, LULU, EK, CNO & SFD
Ford Motor Co. (NYSE:F) – The automaker’s shares are up 0.55% at $16.78 heading into the close this afternoon after earlier rising as much as 0.95% to an intraday high of $16.85. Bullish options traders expecting Ford’s shares to continue to rally higher over the next six months sold in-the-money put options in the June 2011 contract today. Bank of America/Merrill Lynch reiterated their … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The U.S. Session

Posted: 09 Dec 2010 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.5766, down 0.24% at time of writing.

The pair was likely to find support at 1.5656, Monday's low, and resistance at 1.5841, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8399 and GBP/JPY falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Vehicle Market Is Coming Back To Life; Nov. Manheim Used Vehicle Index Hits A Record High

Posted: 09 Dec 2010 12:44 PM PST

From today’s Washington Times (thanks to Steve Bartin for sending the link):

In Germany, Mercedes Benz and BMW — both heavy seasonal advertisers this year — have shortened holiday breaks for autoworkers in response to the demand for sales. Audi, the luxury side of automaker Volkswagen, also plans to gear up production this month.

“When you see the luxury segment start to recover, it’s a good sign for the rest of the economy,” said Peter De Lorenzo, a Detroit-area auto analyst who operates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BHP Billiton Workers On Strike

Posted: 09 Dec 2010 12:35 PM PST

Per Reuters, workers at BHP Billiton Ltd.'s (NYSE:BHP) South African aluminum smelter have struck work for higher wages and better working conditions. Workers demanded a 12% hike in their salary besides 50% contribution from the employer to a certain medical aid scheme. However, BHP Billiton is ready to enhance wages by 7.5%.
The workers' demand is not expected to be met due to the heavy losses BHP Billiton has borne recently. The company withdrew its buy-out offer for Canada’s Potash Corp. of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CRM To Acquire CloudApp Provider

Posted: 09 Dec 2010 12:35 PM PST

Leading on-demand customer relationship management (CRM) and cloud computing company Salesforce.com Inc. (NYSE:CRM) announced that it has signed a definitive agreement to acquire cloud-based application solution provider, Heroku.
The deal has already received approval from Heroku's board of directors and shareholders and is expected to be wrapped up by end January 2011. The acquisition will cost Salesforce $212.0 million in cash. Additionally, Salesforce will grant restricted shares worth $27.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Resurrection Of Financials

Posted: 09 Dec 2010 12:23 PM PST

It’s not pleasant but take yourselves back to those dark, frightening, gloomy days of Winter 2009 when it looked like our financial world was coming to an end. Many bank stocks had imploded and were selling in single digits:

Perhaps the best depiction of the devastation caused to financial stocks is XLF, the group’s ETF:

From a high of 38.15 on Memorial Day 2007 to a low of 5.88 at the low on March 9, 2009, the ETF declined 85%. Were you among the few “gamblers” left who couldn’t pass up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AIG Implements Recapitalization Plan

Posted: 09 Dec 2010 12:05 PM PST

After much mulling over the past several weeks, yesterday American International Group Inc. (NYSE:AIG) gave its thumbs up to execute the recapitalization plan for exiting the US taxpayers loan curriculum, as per the regulatory filing agreed and signed by the two parties. The US federal government has planned to sell about 20% of its stake or about 15 billion shares in AIG by the first quarter of 2011 under the recapitalization program.
Finally, AIG agreed to execute the recapitalization program, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Martek Tops Zacks Consensus

Posted: 09 Dec 2010 12:05 PM PST

Martek Biosciences Corporation's (NASDAQ:MATK) fourth-quarter fiscal 2010 earnings (excluding special items) of 41 cents per share surpassed the Zacks Consensus Estimate by 4 cents and the year-ago earnings by 8 cents.
The higher earnings in the reported quarter were driven by a surge in sales. Sales in the quarter benefited from the purchase of Amerifit Brands in February this year, coupled with a rise in nutritional ingredient sales.
On a reported basis (including special items), the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Starwood Reaffirms 2010 Outlook

Posted: 09 Dec 2010 12:05 PM PST

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) reaffirmed its fiscal 2010 guidance and provided  long-term outlook in the investor day meeting held recently in New York.
Starwood continues to expect its fourth quarter adjusted earnings per share to be in the range of 36 cents to 38 cents, with the RevPAR increasing 7% to 9% in constant dollars. Adjusted EBITDA is expected to range from $230 million to $235 million.
For fiscal 2010, the company forecasts earnings to remain in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The U.S. Session

Posted: 09 Dec 2010 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.

USD/CAD was trading at 1.0107, down 0.08% at time of writing.

The pair was likely to find support at 1.0012, Tuesday's low, and resistance at 1.0141, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.21% to hit 1.3234 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oct. LAX Passenger And Freight Demand Improved

Posted: 09 Dec 2010 11:54 AM PST

Just under 5 million passengers (4,988,085) traveled through Los Angeles World Airports (LAX) in October, which was 4.75% higher than the passenger count in the same month a year earlier, and 6.5% above passenger traffic in October of 2008.  For the month of October, traffic this year was just slightly below the pre-recession level of 5,070,042 in 2007.  Passenger demand for both domestic and international flights at LAX in October was above last year’s levels, by 5.42% and 2.92% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Top Stories: Jobs Swell In Australia, Japanese GDP Revised Higher But Gloomy 4Q Outlook

Posted: 09 Dec 2010 11:50 AM PST

1. Japan's GDP Revised Higher Than Expected – Japan's economy got a surprise bump in the third and final version of 3rd quarter GDP. The economy expanded 1.1% q/q compared to the originally reported 0.9%, and higher than the forecasts of a 1.0% growth rate. Looking at that in annualized terms, GDP grew 4.5%, higher than the 3.9% reported last month. The boost came from higher capital spending which advanced 1.3% – originally reported at 0.8%. Private consumption, which is about … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Home Depot Provides Outlook

Posted: 09 Dec 2010 11:35 AM PST

The Home Depot Inc. (NYSE:HD) raised the outlook for fiscal 2010 based on its performance so far in the year. The company also guided results for fiscal 2011.
Home Depot now expects fiscal 2010 top line to improve 2.3% while the bottom line is forecast to increase 27% to $1.97 per share. Earlier, during the third quarter conference call, Home Depot guided sales to increase 2.2%. Earnings were expected to increase 25% to $1.94 per share.
For fiscal year 2011, Home Depot expects sales to increase in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Diamond Foods Beats

Posted: 09 Dec 2010 11:35 AM PST

Diamond Foods Inc.'s (NASDAQ:DMND) first quarter of fiscal 2011 earnings came in at 65 cents per share, surpassing the Zacks Consensus Estimate of 60 cents. However, this compares unfavorably with 88 cents recorded in the year-ago period.
Net income before extraordinary items for the quarter was $14.5 million versus $14.9 million reported in first-quarter 2010. Including $0.5 million in integration costs related to the purchase of Kettle Foods in March, Diamond Foods reported a net income of $14.2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The U.S. Session

Posted: 09 Dec 2010 11:15 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3222, down 0.30% at time of writing.

The pair was likely to find support at 1.3166, today's low, and resistance at 1.3423, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8398 and EUR/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CNOOC Captures Coal Seam Stake

Posted: 09 Dec 2010 11:05 AM PST

While China is exploring various alternatives to secure the country's future gas supply, CNOOC's (China National Offshore Oil Corp.) latest decision to take a 50% stake in Australia's Exoma Energy Ltd. should be treated as a welcome development.
CNOOC will spend A$50 million ($49 million) to take Exoma's five Galilee Basin blocks in Queensland state, which are believed to contain world class reserves of coal seam and shale gas. Coal seam gas is methane trapped, hundreds of meters below … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Danaher Closes Keithley Acquisition

Posted: 09 Dec 2010 11:05 AM PST

Washington-based, Danaher Corporation (NYSE:DHR) completed its previously announced acquisition of Keithley Instruments Inc (NYSE:KEI). The transaction was unanimously approved by Keithley’s board of directors in September, 2010.
As per the terms of the transaction, Danaher acquired all the outstanding common shares and Class B common shares of Keithley at $21.60 per share for a total cash consideration of $300 million, including debt and net of cash. The acquired assets were integrated with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“Focused On What Will Come Out From Congress”

Posted: 09 Dec 2010 10:52 AM PST

12/09/2010 Meridian Equity Partners’ Joseph Greco discusses the latest factors affecting equity market action, and provides his short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bulls Don Lululemon Calls As Shares Fly To New All-time High

Posted: 09 Dec 2010 10:36 AM PST

Bulls don Lululemon calls as shares fly to new all-time high
Today’s tickers: LULU, EK, CNO & SFD
Lululemon Athletica, Inc. (NASDAQ:LULU) – Christmas arrived early for investors in Lululemon Athletica with the athletic apparel maker’s shares rallying more than 19.65% today to a new all-time high of $66.66. LULU’s shares jumped after the Canadian company reported third-quarter earnings that shattered Street estimates. The designer of high-quality yoga apparel and accessories earned $0.36 a share … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Range Hedges Production Actively

Posted: 09 Dec 2010 10:35 AM PST

To ensure stable cash flows in 2011, Range Resources Corporation (NYSE:RRC) wants to hedge a significant portion of its expected natural gas production from the Marcellus Shale play.
As of September 30, 2010, Range's Marcellus gas production was 191 million cubic feet equivalent per day (MMcfe/d) and it is trying to touch 200 to 210 MMcfe/d by year-end 2010 and 400 to 420 MMcfe/d by year-end 2011.
The Fort Worth, Texas based company already hedged more than 80% of its anticipated 2011 production … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Spectra Sets 2011 EPS, Ups Dividend

Posted: 09 Dec 2010 10:35 AM PST

Spectra Energy Corporation (NYSE:SE) has projected 2011 adjusted earnings of $1.65 per share, approximately 16% higher from this year's expectation of $1.42.  The natural gas company appears on track to surpass its previously stated 20% earnings growth forecast for this year.
The company's 2011 earnings guidance includes underlying assumptions of oil at $85 per barrel, natural gas liquids (NGLs) at $1 per gallon, NGL/crude relationship of 50%, natural gas at $4.25 per million British … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The U.S. Session

Posted: 09 Dec 2010 10:35 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.

AUD/USD was trading at 0.9839, up 0.44% at time of writing.

The pair was likely to find support at 0.9753, Wednesday's low, and resistance at 0.9965, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.65% to hit 1.3450 and AUD/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down During The U.S. Session

Posted: 09 Dec 2010 10:00 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7472, down 0.02% at time of writing.

The pair was likely to find support at 0.7436, Wednesday's low, and resistance at 0.7667, Tuesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.42% to hit 1.3156 and EUR/NZD falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Europe’s Highest Dividend Yields 2010 – Update

Posted: 09 Dec 2010 09:59 AM PST

click to enlarge

I am happy to announce that my friend Tim Du Tiot will now be writing articles for the site. Tim is based out of Germany and offers a unique European perspective to value investing.
Tim du Toit is editor and founder of Eurosharelab. On his website he reveals what more than 20 years of equity investment have taught him – sometimes at considerable cost. To discover how you can avoid costly mistakes and enjoy greater profits, sign up for his free newsletter "Investing that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Mixed At Close; Dax Down 0.17%

Posted: 09 Dec 2010 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Thursday.

At the close of European trade, Germany's DAX fell 0.17%, London's FTSE 100 gained 0.23%, France's CAC 40 climbed 0.68% and the EURO STOXX 50 was up 0.77%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.22%; the S&P 500 index gained 0.18%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Irish Downgrade Leads To Four Days Of Dollar Gains

Posted: 09 Dec 2010 09:41 AM PST

12/09/10 The US dollar has risen for the fourth consecutive session after the credit downgrade to Ireland from Fitch … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Positive Aura: Brett Fraser Of Uranium Exploration Group Aura Energy Speaks To Stockopedia

Posted: 09 Dec 2010 06:33 AM PST

Australian mining group Aura Energy (ASX: AEE) has been toying with a move to London's Alternative Investment Market for several months but chairman Brett Fraser is in no rush. Instead, he is content to spend time driving forward the company's uranium projects, one of which could eventually prove to be the second largest deposit in the world. For a company with a market cap of A$25m, the future looks exciting.

Serial entrepreneur Fraser has been behind a string of Australian start-ups and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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