DailyMarkets.com - Monetary Tightening Threatens China’s Economic Prospects
DailyMarkets.com - Monetary Tightening Threatens China’s Economic Prospects |
- Monetary Tightening Threatens China’s Economic Prospects
- Forex – GBP/JPY Down During The Asian Session
- The Day Ahead: Jobless Claims & Pending Home Sales
- Forex – NZD/USD Down During The Asian Session
- Excel Maritime Develops TC Contract
- Magnum Hunter Buys Marcellus Assets
- Neutral On ANADIGICS
- Embraer’s First Legacy 650
- GE In Russian Joint Ventures
- FirstEnergy Sells Production Stakes
- Hot Option Plays: Small Caps Move Impressive
- Two Latin American ETFs For 2011
- Hot Basic Materials Stocks
- GOL’s New Agreement
- Triumph Continues Triumphant
- Forex – EUR/USD Up At The End Of U.S. Session
- I Wonder How They Will Interpret This?
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Closing Bell Market Monitor: CVX, BJ
- Analyst Interviews: Aerospace And Defense Outlook
- Wimm-Bill-Dann Beats EPS
- Theravance Evenly Poised
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Daily US Dollar Index Roundup – 12/29
- U.S. Markets Close Higher; Dow Jones Up 0.09%
- Neutral Maintained On NYSE
- Lowe’s Keeps Neutral Recommendation
- Forex – GBP/USD Up During The U.S. Session
- BMC Software Reaches Taiwan
- Attachmate Raises Funds For Novell Buy
- Lincoln Electric To Buy Russian Biz
- Cabela’s Growth, Risk Balancing Act
- Cooper Makes U.K. Acquisitions
- Forex – USD/CAD Down During The U.S. Session
- Stock Investing & Risk Management
- Novo Presents Positive Insulin Data
- 12/29 FX Options Report
- Hot Option Plays: Adding Yield To Your Porfolio – Muni Bonds
- Forex – EUR/USD Up During The U.S. Session
- Repsol-Sinopec Complete Alliance
- Fifth Third Upped To Outperform
- Forex Trading: USDJPY Eyes The Next Target Support At The 81.57 Level
- Bull With Butterfly Wings Envisions Brighter Days Ahead For Equinix
- AIG Settles $146M Lawsuit
- Earnings Scorecard: Carnival
- Forex – AUD/USD Up During The U.S. Session
- Hot Option Plays: Tough Environment For Swing Traders
- Dollar Decline Continues As Yen Keeps Rising
- Williams Closes Bakken Acquisition
- Toyota’s Output Dips Again
- Forex – NZD/USD Up During The U.S. Session
- European Markets Mixed At Close; Dax Up 0.34%
- The S+P Freight Train
- Forex – EUR/USD Up At The End Of European Session
- Forex Trading: EURUSD Surges Through 1.3180-85 With No Problems
- Forex Trading: GBPUSD Approaches 200 Hour MA Resistance
- Forex Trading: EURUSD Jumps On Break Of 100/200 Hour MAs
- Forex – U.S. Dollar Falls Across The Board In Thin Year-end Trade
- Forex – EUR/USD Re-approaches Daily High In Choppy Year-end Trade
- Desire Petroleum Shares Suffer As Dawn Prospect Disappoints
- Desire Petroleum Shares Suffer As Latest Well Disappoints
- Gulf Keystone Petroleum Shares Dip On News Of Legal Wrangle
- How Much Do You Know About Emerging Markets?
| Monetary Tightening Threatens China’s Economic Prospects Posted: 29 Dec 2010 05:45 PM PST China's role on the global stage has grown tremendously during the past several years. And there are valid reasons to believe this trend will continue. But it will not go as smoothly as many pundits assume … On Christmas Day, Beijing raised the benchmark deposit and lending rates by 25 basis points (bps) to 2.75 percent and 5.81 percent respectively. This is the second step in the current tightening cycle, following the first surprise 25 bps hike on October 19. But that's not … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Down During The Asian Session Posted: 29 Dec 2010 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Thursday. GBP/JPY was trading at 126.25, down 0.19% at time of writing. The pair was likely to find support at 126.12, Wednesday's low, and resistance at 128.05, Tuesday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.14% to hit 1.5522 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: Jobless Claims & Pending Home Sales Posted: 29 Dec 2010 04:00 PM PST 12/30/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down During The Asian Session Posted: 29 Dec 2010 03:50 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7672, down 0.20% at time of writing. The pair was likely to find support at 0.7457, Monday's low, and resistance at 0.7693, today's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.19% to hit 1.3260 and EUR/NZD rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Excel Maritime Develops TC Contract Posted: 29 Dec 2010 03:35 PM PST Excel Maritime Carriers Ltd. (NYSE:EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into time charter agreements with first class charterers for seven of its Kamsarmax vessels. Excel Maritime is trying hard to recharter a total of twelve Kamsarmax vessels by the end of 2010.
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| Magnum Hunter Buys Marcellus Assets Posted: 29 Dec 2010 03:05 PM PST Independent exploration and production company Magnum Hunter Resources Corporation (MHR) signed a deal with PostRock Energy Corporation (PSTR) to acquire the latter's Marcellus Shale assets. The purchase price of the assets is valued at $39.75 million. Magnum Hunter will execute the contract through its wholly-owned subsidiary Triad Hunter LLC, who will act as an operator of the acquired properties.
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| Posted: 29 Dec 2010 03:05 PM PST We recently reiterated our Neutral recommendation on ANADIGICS, Inc. (NASDAQ:ANAD).
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| Posted: 29 Dec 2010 03:05 PM PST Last week, Empresa Brasileira de Aeronautica S.A., or Embraer (NYSE:ERJ), the largest Brazilian aircraft manufacturer, delivered the first Legacy 650 large executive jet in Brazil.
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| Posted: 29 Dec 2010 02:35 PM PST General Electric Co. (NYSE:GE) entered into joint ventures in Russia with two companies, Russian Technologies and INTER RAO UES, to develop the country's energy and healthcare sector. The companies did not reveal the financial details of the agreement, signed in Moscow.
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| FirstEnergy Sells Production Stakes Posted: 29 Dec 2010 02:35 PM PST FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (NYSE:FE), sold its 6.65% stake in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Co-operative, in order to focus its attention on building its electricity generation business. The company announced that the sale will take effect on December 31, 2010.
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| Hot Option Plays: Small Caps Move Impressive Posted: 29 Dec 2010 02:19 PM PST Cusick's Corner
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| Two Latin American ETFs For 2011 Posted: 29 Dec 2010 02:19 PM PST As the developed world continues to struggle out of the Great Recession, emerging markets performed relatively well in 2010 and are expected to sustain this growth and performance in the coming year. China continues to draw headlines and steal most of the attention; however, in the coming year, Latin America may be the place to look and for good reason.
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| Posted: 29 Dec 2010 02:13 PM PST ( click to enlarge ) Uranerz Energy Corp. (URZ) was up over 18% with very unusual volume after announced that it has completed its “at-the-market” financing and has raised US$20 million in gross proceeds through Haywood Securities Inc. The company now has approximately $36 million in its treasury, and there are 70,781,433 shares issued and outstanding. As a result for today’s trading session, its volume traded daily went to a 2-month high. Looking at the technical daily chart above, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Dec 2010 02:05 PM PST Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) entered into an agreement with one of the Brazilian domestic airline, Passaredo Linhas Aereas, to sell the latter's airline tickets.
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| Posted: 29 Dec 2010 02:05 PM PST The Circuit Court of the First Judicial District of Hinds County, Mississippi dismissed a suit filed by Eaton Corporation (NYSE:ETN) against Triumph Group Inc. (NYSE:TGI). Moreover, in the last few months, the company has been benefiting from the Vought acquisition.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 29 Dec 2010 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3224, up 0.83% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8532 and EUR/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| I Wonder How They Will Interpret This? Posted: 29 Dec 2010 01:53 PM PST Many “experts” were taken aback by yesterday’s news that confidence among U.S. consumers unexpectedly fell in December, noting that it was at odds with reports of strong holiday sales.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 29 Dec 2010 01:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday. USD/JPY was trading at 81.65, down 0.90% at time of writing. The pair was likely to find support at 81.61, today's low, and resistance at 83.16, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.84% to hit 1.3225 and GBP/USD rising 0.86% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: CVX, BJ Posted: 29 Dec 2010 01:39 PM PST 12/29/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Aerospace And Defense Outlook Posted: 29 Dec 2010 01:35 PM PST OVERVIEW On December 17, 2010, the U.S. House of Representatives passed a $725 billion bill for Defense spending in fiscal 2011. This surpassed the earlier estimated $708 billion, and will … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Dec 2010 01:35 PM PST Moscow-based Wimm-Bill-Dann Foods OJSC (NYSE:WBD) posted third quarter fiscal 2010 earnings of 56 cents, surpassing the Zacks breakeven estimate. The better-than-expected results were driven by growth in the top line. However, the net income of the company plunged 52.7% year over year as costs increased following a big hike in raw-milk prices.
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| Posted: 29 Dec 2010 01:35 PM PST We are maintaining our Neutral recommendation on Theravance Inc. (NASDAQ:THRX) with a target price of $27.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 29 Dec 2010 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3224, up 0.83% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8532 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Daily US Dollar Index Roundup – 12/29 Posted: 29 Dec 2010 01:16 PM PST The US Dollar Index (DXY) continues to struggle to clear the 130-day moving average, losing nearly one percent after rejecting near this key resistance overnight. As a result, dollar bears were redirected towards newly formed platform support at 79.58, leaving a downside breach of daily (9-period) RSI trendline support. Further weakness will expose 78.82/79.22, between the December 14th swing low and the key 38.2% retracement. Overcoming downward sloping trendline resistance near 80.20 is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.09% Posted: 29 Dec 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.09%, the S&P 500 index gained 0.10%, while the Nasdaq 100 index climbed 0.19%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.83%; Germany's DAX gained 0.34%; Britain's FTSE 100 declined 0.21%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Dec 2010 01:00 PM PST Last week, we maintained our recommendation on NYSE Euronext Inc. (NYSE:NYX) at Neutral, based on its disciplined expense management and improved cash flows, partially offset by weak top line growth.
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| Lowe’s Keeps Neutral Recommendation Posted: 29 Dec 2010 01:00 PM PST Being the world's second largest home improvement retailer, Lowe's Companies Inc. (NYSE:LOW) boasts a proven strategy of investing in stores to enhance customer-shopping experience by improving point-of-sale and directional signage, and adding more product selection. The company's sustained focus on Everyday Low Prices, New Lower Price, Go Local and Specialty Sales initiatives have helped it to grow its market share.
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| Forex – GBP/USD Up During The U.S. Session Posted: 29 Dec 2010 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5507, up 0.90% at time of writing. The pair was likely to find support at 1.5346, Tuesday's low, and resistance at 1.5518, today's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8534 and GBP/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Dec 2010 12:35 PM PST Leading large enterprise software company BMC Software Inc. (NYSE:BMC) announced that its mainframe solutions will be used by a Taiwan-based software consultancy firm, Galaxy Software Services Corp. Financial. Details of the agreement were not disclosed.
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| Attachmate Raises Funds For Novell Buy Posted: 29 Dec 2010 12:35 PM PST According to a Bloomberg report, Attachmate Corporation plans to raise $1.09 billion in loans to fund its acquisition of Novell Inc. (NASDAQ:NOVL), an enterprise software developer.
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| Lincoln Electric To Buy Russian Biz Posted: 29 Dec 2010 12:05 PM PST Lincoln Electric Holdings Inc. (NASDAQ:LECO) announced that it has signed a definitive agreement to acquire Russia-based leading manufacturer of welding consumables, OOO Severstal-metiz welding consumables. The transaction includes acquiring manufacturing operations as well as exclusive distribution rights of the Severstal brand of welding products.
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| Cabela’s Growth, Risk Balancing Act Posted: 29 Dec 2010 12:05 PM PST Boasting a healthy balance sheet, viable strategy and improving operating efficiencies, Cabela's Inc. (NYSE:CAB) offers investors one of the strongest growth profiles in the specialty retail industry. The company remains on course to achieve the targeted long-term return on invested capital of 12% to 14% through its next generation store format.
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| Cooper Makes U.K. Acquisitions Posted: 29 Dec 2010 12:05 PM PST Cooper Industries Plc (NYSE:CBE) announced the acquisitions of Mount Engineering Plc, a producer of adaptors and reducers for hazardous environments, and Apex Lighting Controls Ltd., a manufacturer of Energy Management lighting controls.
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| Forex – USD/CAD Down During The U.S. Session Posted: 29 Dec 2010 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0006, down 0.05% at time of writing. The pair was likely to find support at 0.9975, today's low, and resistance at 1.0111, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.76% to hit 1.3215 and GBP/USD rising 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Investing & Risk Management Posted: 29 Dec 2010 11:52 AM PST After more than 28 years of investing personally and professionally, I am of the opinion that risk management is single handed the most important component of the investment process. Most investors learn about market risk the hard way – they lose money. If we take the time to learn how to manage risk relative to each position in our portfolio we will be far ahead of the game. What is risk management? It is the process of managing the risk of money in relationship to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Novo Presents Positive Insulin Data Posted: 29 Dec 2010 11:35 AM PST Recently, Novo Nordisk (NYSE:NVO) reported solid top-line results from three phase III studies of Degludec and two studies of DegludecPlus. Degludec significantly reduced the risk of hypoglycaemia during the night compared to Sanofi Aventis' (NYSE:SNY) Lantus in two long-term studies.
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| Posted: 29 Dec 2010 11:30 AM PST 12/29/10 Heading into the new year, safe-haven demand lifted the CHF and JPY. China’s central bank hiked interest rates by a quarter of a percentage … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Adding Yield To Your Porfolio – Muni Bonds Posted: 29 Dec 2010 11:19 AM PST Cusick's Corner
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| Forex – EUR/USD Up During The U.S. Session Posted: 29 Dec 2010 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3220, up 0.80% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8528 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Repsol-Sinopec Complete Alliance Posted: 29 Dec 2010 11:05 AM PST Spain's largest integrated oil and gas company, Repsol YPF, S.A. (NYSE:REP) and Chinese oil major China Petroleum & Chemical Corp., aka Sinopec (NYSE:SNP) announced the successful completion of their agreement to form a Brazilian alliance worth $17.8 billion. The deal, which was announced on October 1, mainly aims at jointly developing the exploration and production of Brazil offshore assets.
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| Fifth Third Upped To Outperform Posted: 29 Dec 2010 11:05 AM PST We are upgrading our recommendation on Fifth Third Bancorp (NASDAQ:FITB) to Outperform from Neutral. We are encouraged to see the aggressive credit management efforts by the company and expect an improvement in its credit quality in the upcoming quarters.
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| Forex Trading: USDJPY Eyes The Next Target Support At The 81.57 Level Posted: 29 Dec 2010 10:39 AM PST |
| Bull With Butterfly Wings Envisions Brighter Days Ahead For Equinix Posted: 29 Dec 2010 10:36 AM PST Bull with butterfly wings envisions brighter days ahead for Equinix
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| Posted: 29 Dec 2010 10:35 AM PST Recently, American International Group Inc. (NYSE:AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and assessments.
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| Posted: 29 Dec 2010 10:35 AM PST Carnival Corporation (NYSE:CCL), the world's largest cruise company, missed the Zacks Consensus Estimate by a penny due to voyage disruption as a fire broke out in the engine room of the Carnival Splendor off the coast of Mexico. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and long-term outlook for the stock are covered in depth below.
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| Forex – AUD/USD Up During The U.S. Session Posted: 29 Dec 2010 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 1.0175, up 0.74% at time of writing. The pair was likely to find support at 0.9988, Monday's low, and resistance at 1.0183, today's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.15% to hit 1.3006 and AUD/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Tough Environment For Swing Traders Posted: 29 Dec 2010 10:19 AM PST Cusick's Corner
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| Dollar Decline Continues As Yen Keeps Rising Posted: 29 Dec 2010 10:15 AM PST 12/29/10 The US dollar has continued to decline this session following light trading volume and yesterday’s weak economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Williams Closes Bakken Acquisition Posted: 29 Dec 2010 10:05 AM PST Integrated natural gas firm Williams Companies (WMB) completed the acquisition of a private company Dakota-3 E&P Company LLC along with its properties in the Bakken oil play of North Dakota. Williams paid a total consideration of $925 million in cash. The effective date of the purchase was October 1 and was announced in mid November.
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| Posted: 29 Dec 2010 10:05 AM PST Toyota Motor Corp. (NYSE:TM) witnessed an 8.7% fall in global production for the third straight month in November to 656,924 vehicles. The automaker, highly criticized for its spate of automotive safety recalls this year, saw a dip in exports by 9.4% and a plunge in domestic sales by 35% during the month. However, the fall in domestic sales can be blamed on the expiration of government incentive programs in September.
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| Forex – NZD/USD Up During The U.S. Session Posted: 29 Dec 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7642, up 1.13% at time of writing. The pair was likely to find support at 0.7457, Monday's low, and resistance at 0.7655, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.62% to hit 1.3284 and EUR/NZD falling 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Up 0.34% Posted: 29 Dec 2010 09:55 AM PST Forex Pros – European stocks were mixed after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 0.34%, London's FTSE 100 shed 0.21%, France's CAC 40 climbed 0.83% and the EURO STOXX 50 was up 0.60%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.32%; the S&P 500 index gained 0.29%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Dec 2010 09:05 AM PST I know, I know. Never stand in front of a freight train. You’re right. And being short two S&P 500 contracts is, well, wrong! This first chart is the SP-500 daily. By the way, the sentiment data from Investor’s Intelligence is just in and it shows that the bullish % has backed off a couple % to 55.6%. All in all, I continue to believe the stock market is in for a dousy of a correction, but probably not until the True Strength Index (TSI) indicator says it’s time. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of European Session Posted: 29 Dec 2010 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3185, up 0.53% at time of writing. The pair was likely to find support at 1.3073, Monday's low, and resistance at 1.3274, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8527 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Surges Through 1.3180-85 With No Problems Posted: 29 Dec 2010 08:51 AM PST The next targets become the 1.3202 area and then 1.3224 which is the 38.2% of the move down from the December high to the December low. Watch for support against 1.3180 now with a move below signalling stops are … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPUSD Approaches 200 Hour MA Resistance Posted: 29 Dec 2010 08:43 AM PST The 200 hour MA came in at the 1.5455 level. The pair should find some selling interest. A break will next target the 1.5494 area and then the high from yesterdays trade at the 1.5510 level.
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| Forex Trading: EURUSD Jumps On Break Of 100/200 Hour MAs Posted: 29 Dec 2010 08:36 AM PST The EURUSD has jumped on a break of the 100 and 200 hour MAs at the 1.3139 and 1.3145 level respectively. The next target will be the 1.3180-85 area which corresponds with a prior support resistance on the hourly chart. Above that 1.3200 and 1.3224. Look for suppor at the 1.3139 level … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – U.S. Dollar Falls Across The Board In Thin Year-end Trade Posted: 29 Dec 2010 08:17 AM PST Forex Pros – The U.S. dollar was down against its major counterparts on Wednesday in thin trade leading up to the New Year's weekend, amid concerns over the strength of the U.S. economic recovery. With many investors already away on year-end leave, trading volumes were low, resulting in volatile trade, while a lack of economic data left little to focus on for investors. Meanwhile, during European afternoon trade, the greenback was down against the euro, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Re-approaches Daily High In Choppy Year-end Trade Posted: 29 Dec 2010 08:06 AM PST Forex Pros – The euro was up against the U.S. dollar on Wednesday, re-approaching a daily high in choppy year-end trade, after data showed that retail sales in Spain fell less-than-expected and Germany's consumer price index rose more-than-expected. EUR/USD hit 1.3156 during early U.S. trade, a daily high; the pair subsequently consolidated at 1.3134, climbing 0.14%. The pair was likely to find support at 1.3054, the low of December 23, and resistance at 1.3273, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Desire Petroleum Shares Suffer As Dawn Prospect Disappoints Posted: 29 Dec 2010 03:08 AM PST Shares in Falkland Islands oil and gas explorer Desire Petroleum (LON:DES) slipped by 23% to 46p this morning after it revealed that the latest well in its programme of drilling in the North Falkland Basin had failed to encounter hydrocarbons. The 25/5-1 well on the Dawn/Jacinta prospect reached a depth of 1,313metres before wireline logging was carried out. The well will now be drilled to the planned total depth around 1,670 metres to evaluate the deeper Dawn Prospect. Subsurface support is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Desire Petroleum Shares Suffer As Latest Well Disappoints Posted: 29 Dec 2010 03:08 AM PST Shares in Falkland Islands oil and gas explorer Desire Petroleum (LON:DES) slipped by 23% to 46p this morning after it revealed that the latest well in its programme of drilling in the North Falkland Basin had failed to encounter hydrocarbons. The 25/5-1 well on the Dawn/Jacinta prospect reached a depth of 1,313metres before wireline logging was carried out. The well will now be drilled to the planned total depth around 1,670 metres to evaluate the deeper Dawn Prospect. Subsurface support is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gulf Keystone Petroleum Shares Dip On News Of Legal Wrangle Posted: 29 Dec 2010 02:34 AM PST Shares in Gulf Keystone Petroleum (LON:GKP) slid by 10% to 164p this morning on news that the oil and gas group was facing a legal wrangle over its licences in Kurdistan. US-based advisory firm Excalibur Ventures LLC has launched contractual and non-contractual claims against Gulf Keystone in courts in New York and London. While the nature and credibility of the claims is unclear, Excalibur is understood to be fighting for an interest of up to 30% in the group's blocks in Kurdistan. Gulf … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| How Much Do You Know About Emerging Markets? Posted: 28 Dec 2010 10:00 PM PST Emerging markets have had a fantastic year in 2010. From Indonesia to Colombia to Turkey to others, emerging markets have rebounded faster and stronger out of the financial crisis than developed markets.
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