DailyMarkets.com - McDonald’s November Sales Up

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• McDonald’s November Sales Up
• Sky Traffic High In November
• Three-way Split For Fortune Brands
• ED Drug Could Support Vivus
• Tight Supplies Force The US To Be World’s Bread Basket
• Canadian Approval For Shire Drug
• H&R Block Narrows Loss
• Forex – EUR/USD Down At The End Of European Session
• Good News For Alkermes’ Pipeline
• Northrop Wins $323M Navy Contract
• Initial Jobless Claims Fall Again
• The “Next Big Thing” In Biotech ETFs: IBB, FBT
• Forex Levels And Outlooks 12.9.2010 – EUR/USD, GBP/USD, USD/JPY
• Banking On Financials
• Williams Downed To Underperform
• First Solar Gets Indian Contract
• Strategic Move By Time Warner Cable
• Cephalon In Stem Cell Deal
• Cummins Plans A New Plant In Turkey
• Australian Dollar: Bullish Bias Above 9825
• Canadian Dollar: Rebound In Sight
• Crude Remains Above $88
• Forex – Dollar Mixed Vs. Rivals After Initial Jobless Claims Fall
• Opening Bell Market Monitor: CVX, DD, DELL, CML
• JetBlue Expects Holiday Turbulence
• Forex – GBP/USD Hits 2-day Low After U.S. Jobless Claims Drop
• Forex – EUR/USD Tumbles To 5-day Low After Upbeat U.S. Jobs Data
• Bargain Hunters Drive Bond Prices Higher
• VoxEu: African Poverty Is Falling…much Faster Than You Think

McDonald’s November Sales Up Posted: 09 Dec 2010 10:05 AM PST McDonald’s Corp. (NYSE:MCD) posted global comparable sales growth of 4.8% in November, on the heels of strong sales of beverage and core menu products. Although comparable sales growth stepped up from 0.7% recorded in November 2009, the momentum slowed down sequentially. Last month, McDonald’s recorded a 6.5% growth in comparable sales.     The fast-food restaurant operator witnessed an uptrend across its domestic and international markets on a year-over-year basis. Geographically, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sky Traffic High In November Posted: 09 Dec 2010 10:05 AM PST The U.S. airline industry is on track for a profitable year after a drought of two years. Airline traffic in 2010 has shown an improvement with a surge in business travel and premium service demand from the year-ago levels. We expect demand for air travel to continue showing signs of improvement, thereby making airlines profitable in 2011. Airline traffic is measured in billions of revenue passenger miles (RPM), which is the revenue generated for every mile a passenger travels. Unit revenue and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three-way Split For Fortune Brands Posted: 09 Dec 2010 09:35 AM PST Fortune Brands Inc. (NYSE:FO) announced its intention to split the company into three separate parts, giving investors pure plays in golf, home products and alcoholic drinks. The company revealed that it would spin off its home and security business to shareholders in a tax-free transaction. Fortune Brands also plans to either spin off or sell its golf business. The home and security business earns revenue from products such as Moen faucets and Master locks while the golf division owns brands like … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ED Drug Could Support Vivus Posted: 09 Dec 2010 09:20 AM PST Vivus Inc. (NASDAQ:VVUS) recently reported positive late-stage data on its erectile dysfunction (ED) candidate, avanafil. The phase III trial (TA-314) met all the primary endpoints and also confirmed the long-term safety and efficacy of the potential drug, as observed in the earlier placebo-controlled late-stage trials of avanafil in patients with ED. The study, which enrolled more than 700 patients, demonstrated that avanafil was well tolerated. Further, 67% of patients taking the drug experienced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tight Supplies Force The US To Be World’s Bread Basket Posted: 09 Dec 2010 09:18 AM PST Today’s Idea The Wheat market fundamentals have been extremely strong since the summer months, when drought and poor growing conditions around the globe set-up the current tight supply scenario. Technically, the chart is showing signs that prices may push above the 800 mark after prices broke out of the 650-750 trading range. The fickle and volatile nature of the grain markets may influence some traders to take a conservative approach and enter into a bull call spread with limited risk. Traders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Approval For Shire Drug Posted: 09 Dec 2010 09:05 AM PST Recently, Shire Plc. (NASDAQ:SHPGY) received a boost when Health Canada approved Vpriv (velaglucerase alfa), its drug for Gaucher disease, for pediatric and adult patients. The approval was based on a large clinical program conducted at 24 sites in 10 countries. Over 100 patients participated in the clinical studies. All the clinical studies met their primary endpoints. The product is already available in the US where it received approval from the US Food and Drug Administration (FDA) in February … [visit site to read more] or compare Best Credit Cards and Best CD Rates

H&R Block Narrows Loss Posted: 09 Dec 2010 09:05 AM PST H&R Block's (NYSE:HRB) fiscal second-quarter 2011 loss from continuing operations came in at 35 cents per share, an improvement from the Zacks Consensus Estimate of a loss of 38 cents a share. This also compares favorably with the loss of 38 cents per share incurred in the year-ago period. Net loss from continuing operations for the quarter was $106.8 million versus a loss of $126.5 million reported in second-quarter 2010. The company's lower expense coupled with share buyback helped it to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 09 Dec 2010 09:05 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3221, down 0.31% 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 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Alkermes’ Pipeline Posted: 09 Dec 2010 08:35 AM PST Alkermes Inc.'s (NASDAQ:ALKS) pipeline received a boost with its candidate ALKS 33 faring well in a mid-stage study (n=400) in alcohol dependent patients. The candidate is being developed for treating patients suffering from reward disorders and other central nervous system (CNS) problems.  The study evaluated the safety and efficacy of the candidate, administered orally on a daily basis, at three dosages compared to placebo. Alkermes intends to present complete results from the study at an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northrop Wins $323M Navy Contract Posted: 09 Dec 2010 08:35 AM PST Defense operator  Northrop Grumman Corporation (NYSE:NOC) announced a contract worth $323.6 million won from the U.S. Navy to continue work on the nuclear-powered aircraft carrier CVN 79. As per the current contract Northrop will work to increase the aircraft sortie generation rates of the carrier through installing a new design for flight deck, improved weapons handling systems and a redesigned island. Northrop will also install new nuclear power plants in CVN 79, increase the electric power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initial Jobless Claims Fall Again Posted: 09 Dec 2010 08:35 AM PST Initial Claims for Unemployment Insurance fell by 17,000 last week to 421,000 (last week was also revised up by 2,000, so one could see it as a 15,000 decline). This was better than the expected level of 425,000. The recent trend in claims has been downward, but the path has been erratic. It still looks like we might finally have gotten out of the "trading range" that initial claims have been in for the last year. Initial claims have been generally trending down since they hit a secondary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The “Next Big Thing” In Biotech ETFs: IBB, FBT Posted: 09 Dec 2010 08:31 AM PST In today's volatile markets, it's more important than ever to seek out sectors that have potential to grow regardless of continuing difficult economic conditions. One such sector is biotechnology, which I believe could be the internet of the next decade. With the aging of the baby boom coupled with advances in the study of the human genome, the opportunities in health care and biotechnology could be dramatic because the laws of supply and demand will be in full force over the next … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Levels And Outlooks 12.9.2010 – EUR/USD, GBP/USD, USD/JPY Posted: 09 Dec 2010 08:30 AM PST EUR/USD Tests 1.32 Resistance pivot 1:  1.3250; Resistance 2: 1.33, 1.3315(61.8% retracement); Resistance 3 (target if 1.3315 is broken) 1.3450 Support pivot 1: 1.32; Support 2 (61.8% retracement): 1.3150; Support 3(target if 1.3150 is broken): 1.2970 EUR/USD 12/9/2010 1H and 4H Charts After consolidating the last US session the EUR/USD eventually rallied above 1.3250 (re-established after 1.3245). The market came up to test our 1.3315 pivot, which was 61.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Banking On Financials Posted: 09 Dec 2010 08:20 AM PST In November the financial sector made an attempt to join the leadership for the broad markets. The chart below of the Dow Jones Financial Index shows what we were looking at when the move above 270 took place. Since the sector has tested support at the 260 level again and is now moving back towards the November high. Is the move for real this time or just another fake out. Last week we wrote on the banks bouncing off the lows and now we see follow through to the move and this puts the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Williams Downed To Underperform Posted: 09 Dec 2010 08:16 AM PST We have downgraded Natural gas producer and pipeline firm The Williams Companies Inc. (WMB) to ‘Underperform’ from ‘Neutral’, following weak operating performance and other headwinds. Williams Companies is an integrated energy firm that primarily finds, produces, gathers, processes and transports natural gas primarily in the Rocky Mountains, Gulf Coast, Pacific Northwest, Eastern Seaboard and the Marcellus Shale in Pennsylvania. The company divides its business into three segments: Exploration … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Solar Gets Indian Contract Posted: 09 Dec 2010 08:16 AM PST First Solar Inc. (NASDAQ:FSLR) won a contract to supply 15 MW panels to India's ACME Tele Power Ltd for a solar power plant to be constructed in the Indian state of Gujarat. First Solar will begin delivery of the modules in March 2011. Based in Phoenix, Arizona, First Solar designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor technology. The company’s solar modules employ a thin layer of cadmium telluride semiconductor material to convert … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strategic Move By Time Warner Cable Posted: 09 Dec 2010 08:16 AM PST Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO (multiple system operator) in the U.S., has taken a new strategic move to consolidate its core basic Cable TV segment. For the first time, the company is into some product segmentation, offering different cable services to different customers depending on their financial condition. This is a major departure from its normal practice of flat cable service offerings. Last month, the company launched cheaper cable TV packages called "TV … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cephalon In Stem Cell Deal Posted: 09 Dec 2010 08:16 AM PST Cephalon, Inc. (NASDAQ:CEPH) continues to look towards in-licensing deals and acquisitions to boost its pipeline. The company recently entered into an agreement with Australia-based Mesoblast Limited for the development and commercialization of stem cell therapeutics. The companies are looking to develop novel adult mesenchymal precursor stem cell (MPC) therapeutics for the treatment of degenerative conditions of the cardiovascular and central nervous systems. While lead indications in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cummins Plans A New Plant In Turkey Posted: 09 Dec 2010 08:16 AM PST Cummins Inc. (NYSE:CMI) announced that it will establish a multi-phased manufacturing site at the Aegean Free Trade Zone in Izmir, Turkey in early 2011. The company will invest $70 million in the facility and related production equipment. Cummins Filtration will first set up its manufacturing plant at the site followed by Cummins Generator Technologies, which will build a facility to produce alternators for its power generation business. Cummins expects to begin production at the 1 million square … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Bullish Bias Above 9825 Posted: 09 Dec 2010 08:15 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: 09 Dec 2010 08:15 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Remains Above $88 Posted: 09 Dec 2010 08:05 AM PST 12/09/10 Front month crude prices remained above $88 a barrel this session following another session of strong gains for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Initial Jobless Claims Fall Posted: 09 Dec 2010 07:37 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, following the release of better-than-expected U.S. data on initial jobless claims. During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.49% to hit 1.3196. Earlier in the day, ratings agency Fitch downgraded Irish sovereign debt, citing the additional costs of restructuring the country's banking sector and public finances, after Ireland requested a bailout last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: CVX, DD, DELL, CML Posted: 09 Dec 2010 02:35 AM PST 12/09/10 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

JetBlue Expects Holiday Turbulence Posted: 09 Dec 2010 02:33 AM PST 12/09/10 JetBlue Airways announced Wednesday that ticket sales for the holiday season coul;d be weaker than … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 2-day Low After U.S. Jobless Claims Drop Posted: 09 Dec 2010 07:33 AM PST Forex Pros – The pound extended losses against the U.S. dollar on Thursday, falling to a 2-day low after U.S. data showed that initial jobless claims fell more-than-expected last week. GBP/USD hit 1.5735 during European afternoon trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.5738, shedding 0.40%. Cable was likely to find short-term support at 1.5835, Wednesday's low and resistance at 1.5964, the high of November 23. Earlier in the day, the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Tumbles To 5-day Low After Upbeat U.S. Jobs Data Posted: 09 Dec 2010 07:19 AM PST Forex Pros – The euro tumbled to a 5-day low against the U.S. dollar on Thursday, after official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected. EUR/USD hit 1.3170 during European afternoon trade, the pair's lowest since December 2; the pair subsequently consolidated at 1.3173, shedding 0.64%. The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3437, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bargain Hunters Drive Bond Prices Higher Posted: 09 Dec 2010 06:54 AM PST After a couple of days of furious selling that has driven yields to six-month peaks, investors have found little reason to continue today even in the face of another U.S. labor market report that saw fewer unemployment claims. There appears to be some determined buying as yield-starved investors attempt to lock-in to higher rates. Eurodollar futures – The March 10-year note future is a full point off midweek lows that drove yields up to 3.28%. Today the contract trades at 121-02 despite a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VoxEu: African Poverty Is Falling…much Faster Than You Think Posted: 09 Dec 2010 05:42 AM PST I found this interesting column about Africa via voxeu.org. It talks about the improvements Africa has made and the decrease in poverty levels. Africa is an interesting place that most investors do not think of as having potential. However, the Chinese are starting to invest heavily there and US companies including Yum Brands (owner of KFC) plan to dramatically increase their precense in the continent over the next few years. While Africa has many problems to solve including diseases, water … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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