DailyMarkets.com - The Private Mortgage Insurance Surprise – Not A Good Thing |
- The Private Mortgage Insurance Surprise – Not A Good Thing
- The Day Ahead: US GDP, Existing Home Sales, BoE Minutes, UK GDP
- Duke Realty Repositions Portfolio
- Cooper Remains At Outperform
- Cooper Remains At Outperform
- BB&T’s Ratings Lowered By Moody’s
- PPL Corp. Sells Three Hydro Plants
- Stock Picks For Wednesday December 22
- Tom Adams, CEO Of Rosetta Stone, Introduces New Software & Hopes For 2011
- Hartford Sells SRS To Sedgwick CMS
- Buckeye Acquires Stake In BORCO
- Analyst Interviews: Semiconductor Industry Outlook
- Hess Adds Bakken Acreages
- Chevron To Pump $4B In GoM
- ARAY’s CyberKnife Extension OKed
- Leap Offers Unlimited Music Download
- Closing Bell Market Monitor: CCL, JBL, DRI
- Come And Gone
- Boeing Ups 777 Production Again
- The Andersons Hikes Dividend
- U.S. Markets Close Higher; Dow Jones Up 0.48%
- Community Health On Tenet Board
- Grainger Sells Highsmith Brand
- Options Strategists Take The Wheel At Ford Motor Co.
- Daily US Dollar Index Roundup – 12/21
- Forex – GBP/USD Down During The U.S. Session
- Debit Card Fee Cut To Hit MC, Visa
- Myriad Launches Panexia
- CarMax Surpasses Zacks Estimates
- Forex – USD/CAD Up During The U.S. Session
- ASA Staffing Index Holds Steady 100 For 13th Week
- Global Solutions From Kaplan
- Risk Aversion Still Strong
- Forex – EUR/USD Down During The U.S. Session
- Initiating Outperform On Pelangio (PX:TSXV)
- Talisman, Sasol Ink Deal
- Google TV Suffers Setback
- Forex Trading: GBPUSD Moves Below The Floor Bottom At 1.5452
- Curbs On Bankers’ Cash Pay Likely
- AT&T To Buy Spectrum Licenses
- Forex – AUD/USD Up During The U.S. Session
- “Stocks Showing…very Little Resistance To The Upside”
- Forex Trading: EURUSD Pushes Below 200 Day MA. 50% Retracement Next Target
- Demand For Patriot Coal Call Options Ablaze As Shares Soar
- Holding Pattern
- A.M. Best Affirms AIG Ratings
- Gilead To Buy Arresto Biosciences
- Mixed 4Q For Carnival Corp.
- Forex – NZD/USD Up During The U.S. Session
- European Markets Close Higher; Dax Up 0.85%
- StreetTalking Gold, Copper And Silver
| The Private Mortgage Insurance Surprise – Not A Good Thing Posted: 21 Dec 2010 05:35 PM PST Jane wasn't rich, but her finances were in good order. She had been paying on her mortgage for 11 years and paying PMI (Private Mortgage Insurance) all that time. Her loan was now less than 80% of her loan amount -a great moment. This meant that she could stop paying Private Mortgage Insurance which was a sizeable amount. She was paying slightly over $160.00 a month. Jane contacted her mortgage company. They told her that she would need an appraisal to verify the value of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: US GDP, Existing Home Sales, BoE Minutes, UK GDP Posted: 21 Dec 2010 04:00 PM PST 12/22/10 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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| Duke Realty Repositions Portfolio Posted: 21 Dec 2010 03:35 PM PST Duke Realty Corp. (NYSE:DRE), a real estate investment trust (REIT), has recently completed transactions worth $967 million to reposition its portfolio. The deal was part of the long-term strategy of the company to restructure its asset base from a primarily suburban office portfolio to a predominantly industrial portfolio.
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| Posted: 21 Dec 2010 03:10 PM PST We reiterate our Outperform rating on eye-care and surgical products maker Cooper Companies Inc (NYSE:COO) following its strong fourth-quarter and fiscal 2010 results and management's upbeat guidance. Revenues and earnings for the quarter and fiscal year beat the Zacks Consensus Estimate, boosted by healthy growth across the board.
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| Posted: 21 Dec 2010 03:10 PM PST We reiterate our Outperform rating on eye-care and surgical products maker Cooper Companies Inc (NYSE:COO) following its strong fourth-quarter and fiscal 2010 results and management's upbeat guidance. Revenues and earnings for the quarter and fiscal year beat the Zacks Consensus Estimate, boosted by healthy growth across the board.
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| BB&T’s Ratings Lowered By Moody’s Posted: 21 Dec 2010 03:10 PM PST On Monday, BB&T Corp.'s (NYSE:BBT) senior debt and long-term deposit ratings were downgraded by Moody’s Investors Service, the ratings arm of Moody’s Corp. (NYSE:MCO), as a result of concerns related to the company's weaker credit profile.
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| PPL Corp. Sells Three Hydro Plants Posted: 21 Dec 2010 03:10 PM PST Electric utility PPL Corporation (NYSE:PPL) successfully sold its remaining three hydroelectric generating facilities in Maine to the Penobscot River Restoration Trust, with a view to protecting the Atlantic salmon and other migratory fishes in Maine’s Penobscot River. PPL Corp. will receive roughly $24 million for the sale.
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| Stock Picks For Wednesday December 22 Posted: 21 Dec 2010 02:54 PM PST ( click to enlarge ) Good afternoon everyone! Looks like I’m going to start the day with a technical setup on Affymax, Inc. (NASDAQ:AFFY). Looking at the technical chart above, we can see a few technical signals suggesting that a swing higher may be in the cards in the short term. I think today’s pull back was a good buying opportunity. My first target is $7.55 and the second target is $8.58. Currently the short term chart is bullish and medium-term neutral. Money Flow Index is moving up again … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Tom Adams, CEO Of Rosetta Stone, Introduces New Software & Hopes For 2011 Posted: 21 Dec 2010 02:43 PM PST 12/21/10 In an interview with Rosetta Stone CEO Tom Adams, we are given a brief description of the company’s new TOTALe software as well as given a taste of expectations for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hartford Sells SRS To Sedgwick CMS Posted: 21 Dec 2010 02:40 PM PST As part of the ongoing restructuring process, The Hartford Financial Services Group, Inc. (NYSE:HIG) has planned to dispose its wholly owned subsidiary Specialty Risk Services, LLC (SRS) to Sedgwick Claims Management Services, Inc. (Sedgwick CMS), which is the leading North American provider of innovative claims and productivity management solutions.
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| Buckeye Acquires Stake In BORCO Posted: 21 Dec 2010 02:40 PM PST Buckeye Partners L.P. (NYSE:BPL) has agreed to buy an 80% interest in Bahamas Oil Refining Company International (BORCO), the largest petroleum products storage terminal in the Caribbean, from First Reserve Corporation for $1.36 billion.
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| Analyst Interviews: Semiconductor Industry Outlook Posted: 21 Dec 2010 02:05 PM PST The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive, the phones we communicate with, the electronic gadgets on which we watch movies, listen to music and play games on, and the planes and weapons used to transport or protect us use semiconductor devices. As environmental … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 02:05 PM PST Hess Corporation (NYSE:HES), an integrated oil company engaged in oil and gas exploration, production (E&P), has gained acreage position in the Bakken oil play by completing its acquisition of American Oil & Gas Inc. (AEZ) in an all-stock deal worth about $445 million.
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| Posted: 21 Dec 2010 02:05 PM PST U.S. energy behemoth Chevron Corp. (NYSE:CVX) has approved a multibillion-dollar deepwater project in the Gulf of Mexico ("GoM"), just months after the federal government decided to lift its drilling moratorium on the region. The company plans to invest $4 billion to develop the Big Foot field, located approximately 225 miles south of New Orleans in water depths of 5,200 feet.
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| ARAY’s CyberKnife Extension OKed Posted: 21 Dec 2010 02:05 PM PST Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) has secured approval of the U.S. Food and Drug Administration (FDA) to market a new component of its CyberKnife VSI robotic radiosurgery System for the treatment of patients with lung cancer.
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| Leap Offers Unlimited Music Download Posted: 21 Dec 2010 02:05 PM PST Leap Wireless International Inc. (NASDAQ:LEAP), a small-sized prepaid wireless services provider in the U.S. operating under the brand name "Cricket," has decided to offer unlimited music download facilities to its 3G subscribers. The new digital music service will be called "Muve Music." Leap is the first wireless service provider in the U.S. to launch this innovative service.
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| Closing Bell Market Monitor: CCL, JBL, DRI Posted: 21 Dec 2010 02:01 PM PST 12/21/10 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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| Posted: 21 Dec 2010 01:59 PM PST Remember the great holiday selling season that methed-out economists,stock traders, and Wall Street “analysts” were eagerly anticipating only weeks ago? You know, the one that was going to show that the consumer is back with a vengeance? Well, if the following post from It’s Your Money, “Huh? Post-Christmas Sales Four Days BEFORE Christmas”, is any guide, it looks like the “boom” — or should I say “thud” — has already come and gone (with not much to show for it).
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| Boeing Ups 777 Production Again Posted: 21 Dec 2010 01:35 PM PST The Boeing Company (NYSE:BA) decided to spur the production rate of its 777 airplanes again to cope up with the increasing demand for this variant. Boeing will increase the production rate to 8.3 airplanes per month in the first quarter of 2013.
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| Posted: 21 Dec 2010 01:35 PM PST The board of directors of The Andersons Inc. (NASDAQ:ANDE), in its effort to increase value to its shareholders, has approved a 22% increase in its quarterly dividend. Andersons will now pay a quarterly dividend of 11 cents per share, up from 9 cents paid on October 22, 2010. The increased dividend will be paid on January 24, 2011, to shareholders of record as of January 3, 2011.
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| U.S. Markets Close Higher; Dow Jones Up 0.48% Posted: 21 Dec 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.48%, the S&P 500 index gained 0.60%, while the Nasdaq 100 index climbed 0.52%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.09%; Germany's DAX gained 0.85%; Britain's FTSE 100 climbed 1.02%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Community Health On Tenet Board Posted: 21 Dec 2010 01:05 PM PST In an attempt to press forward the take over bid, Community Health Systems Inc. (NYSE:CYH) plans to nominate directors on the board of Tenet Healthcare Corporation (NYSE:THC) at the 2011 annual meeting.
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| Grainger Sells Highsmith Brand Posted: 21 Dec 2010 01:05 PM PST W.W. Grainger Inc. (NYSE:GWW) has announced that it is divesting all of the assets of library supplies provider Highsmith to Madison, WI-based library supplier DEMCO Inc. for an undisclosed amount.
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| Options Strategists Take The Wheel At Ford Motor Co. Posted: 21 Dec 2010 01:03 PM PST Options strategists take the wheel at Ford Motor Co.
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| Daily US Dollar Index Roundup – 12/21 Posted: 21 Dec 2010 12:53 PM PST The US Dollar Index (DXY) was modestly higher in thin trading conditions. Bearish hourly diverging studies limited a sustained move above 130-day moving average resistance. Meanwhile, only an hourly close below intraday support at 80.33 will question the short-term bullish tone.
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| Forex – GBP/USD Down During The U.S. Session Posted: 21 Dec 2010 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5462, down 0.34% at time of writing. The pair was likely to find support at 1.5436, today's low, and resistance at 1.5647, Friday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8468 and GBP/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Debit Card Fee Cut To Hit MC, Visa Posted: 21 Dec 2010 12:35 PM PST The Dodd-Frank Act that was enacted in July this year has targeted credit card companies by slashing the interchange fees on debit card transactions. Particularly, card giants MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V) are reported to be the wary victims of the interchange fee cuts, since being one of the key revenue drivers, this regulation is expected to adversely impact future revenue of the card companies.
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| Posted: 21 Dec 2010 12:35 PM PST Myriad Genetics (NASDAQ:MYGN) has launched its ninth molecular diagnostic product – Panexia, a predictive medicine product for hereditary pancreatic and related cancers. The test assesses a person's probability of developing pancreatic cancer later in life by analyzing PALB2 and BRCA2 genes.
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| CarMax Surpasses Zacks Estimates Posted: 21 Dec 2010 12:05 PM PST CarMax Inc. (NYSE:KMX) posted a profit of $82.4 million or 36 cents per share in the third quarter of its fiscal 2011, barely surpassing the Zacks Consensus Estimate of 34 cents per share. The profit was higher than $74.6 million or 33 cents per share in the prior-year quarter.
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| Forex – USD/CAD Up During The U.S. Session Posted: 21 Dec 2010 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday. USD/CAD was trading at 1.0183, up 0.14% at time of writing. The pair was likely to find support at 1.0032, Thursday's low, and resistance at 1.0209, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.3096 and GBP/USD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ASA Staffing Index Holds Steady 100 For 13th Week Posted: 21 Dec 2010 11:38 AM PST The American Staffing Association reported today that its Weekly Staffing Index of temporary, contract and freelance employment for the week ending December 12 remained at at a level of 101 for the second consecutive week. Except for a Thanksgiving-related drop in November, the ASA Staffing Index has remained at 100 or above for the last 13 weeks, which is the first time since 2007 of that many consecutive weeks at an index level of 100 or above. Although the December readings this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 11:35 AM PST With a view to enhancing its educational reach, Kaplan Inc., a subsidiary of The Washington Post Company (NYSE:WPO), recently formed Kaplan Global Solutions for the Americas, which jointly with colleges and universities will provide education services and products through programs such as Global Pathways, the US-Sino Pathway Program, @Kaplan Asia and Colloquy.
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| Posted: 21 Dec 2010 11:24 AM PST 12/21/10 Risk aversion continued this session within the forex markets as the euro continued to take a backseat to its lower-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down During The U.S. Session Posted: 21 Dec 2010 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3091, down 0.30% at time of writing. The pair was likely to find support at 1.3074, today's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8475 and EUR/JPY falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Initiating Outperform On Pelangio (PX:TSXV) Posted: 21 Dec 2010 11:05 AM PST This article has been unpublished. Walter, need new message.
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| Posted: 21 Dec 2010 11:05 AM PST Canada-based Talisman Energy (TLM) announced the sale of its 50% interest in the Farrell Creek gas assets to Sasol (SSL), a South African energy and chemicals group. The deal has been finalized at C$ 1,050 million or ZAR 7,119 million. Out of the total consideration, Sasol will pay approximately C$260 million or 25% in cash at closing. The outstanding C$790 million will be paid as development costs.
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| Posted: 21 Dec 2010 11:05 AM PST Google Inc.'s (NASDAQ:GOOG) Google TV has now been around long enough for the geeks to play around with it. And they have come back with disappointing reviews. While most were excited at the concept of wedlock between the TV and Internet, the marriage itself looks destined to be challenging.
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| Forex Trading: GBPUSD Moves Below The Floor Bottom At 1.5452 Posted: 21 Dec 2010 11:01 AM PST The level came in at the 1.5452 level. The low reached has extended to 1.5434. Looking for the price to maintain below the 1.5456 level. Otherwise, could get a reactionary move higher on the disappointment from the break.
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| Curbs On Bankers’ Cash Pay Likely Posted: 21 Dec 2010 10:35 AM PST In order to restrain excessive risk-taking, U.S. regulators are pondering over forcing some of the nation's mega banks to award executives half or more of their pay in stock or other deferred compensation, the Wall Street Journal reported on Monday.
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| Posted: 21 Dec 2010 10:35 AM PST AT&T Inc. (NYSE:T), the #2 mobile service provider in the U.S., will acquire mobile television spectrum licenses for $1.93 billion from Qualcomm Inc. (NASDAQ:QCOM).
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| Forex – AUD/USD Up During The U.S. Session Posted: 21 Dec 2010 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9965, up 0.30% at time of writing. The pair was likely to find support at 0.9832, Thursday's low, and resistance at 0.9993, today's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.64% to hit 1.3133 and AUD/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Stocks Showing…very Little Resistance To The Upside” Posted: 21 Dec 2010 10:34 AM PST 12/21/10 Meridian Equity Partners’ Joseph Greco weighs in on today’s advance in equities, and this week’s US economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Pushes Below 200 Day MA. 50% Retracement Next Target Posted: 21 Dec 2010 10:32 AM PST |
| Demand For Patriot Coal Call Options Ablaze As Shares Soar Posted: 21 Dec 2010 10:26 AM PST Demand for Patriot Coal call options ablaze as shares soar
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| Posted: 21 Dec 2010 10:19 AM PST Trading Ideas
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| Posted: 21 Dec 2010 10:05 AM PST Yesterday, A.M. Best Co. affirmed the credit and debt ratings of American International Group Inc. (NYSE:AIG) and its US property-casualty and life-health subsidiaries namely, Chartis US Insurance Group, AIU Insurance Co., American General Property Insurance Co. and SunAmerica Financial Group.
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| Gilead To Buy Arresto Biosciences Posted: 21 Dec 2010 10:05 AM PST Gilead Sciences Inc. (NASDAQ:GILD) recently announced that it has signed a definitive agreement to acquire Arresto Biosciences Inc., for $225 million in cash. California based, privately held Arresto Biosciences is a biotechnology firm engaged in developing therapeutics for fibrotic diseases and cancer. The transaction also includes additional future milestone payments based on sales.
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| Posted: 21 Dec 2010 10:05 AM PST Carnival Corporation’s (NYSE:CCL) fourth quarter 2010 earnings came in at 31 cents per share which fell short of the Zacks Consensus Estimate of 32 cents but outperformed year-ago quarter's earnings of $24 cents. Earnings for the quarter exceeded management’s guidance of 25 to 29 cents per share.
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| Forex – NZD/USD Up During The U.S. Session Posted: 21 Dec 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7435, up 0.20% at time of writing. The pair was likely to find support at 0.7344, Thursday's low, and resistance at 0.7485, today's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.21% to hit 1.3416 and EUR/NZD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 0.85% Posted: 21 Dec 2010 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 0.85%, London's FTSE 100 gained 1.02%, France's CAC 40 climbed 1.09% and the EURO STOXX 50 was up 1.33%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.43%; the S&P 500 index gained 0.59%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| StreetTalking Gold, Copper And Silver Posted: 20 Dec 2010 10:00 PM PST I recently sat down with my friend Bob Lenzner, who hosts his own show "StreetTalk" on the Forbes Video Network. I always enjoy my conversations with Bob because he asks such intelligent questions and is passionate about our key areas like China, commodities and gold. We sat down for a lengthy discussion during which I shared my top picks for several precious metals.
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