DailyMarkets.com - Review Of Citi ThankYou Preferred Card – Citibank’s New No-Fee Rewards Credit Card

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• Review Of Citi ThankYou Preferred Card – Citibank’s New No-Fee Rewards Credit Card
• US Retail Sales Data Helps USD Extend NY Session Gains
• Gold And Silver – Now What?
• Forex Trading: USDJPY Reestablishes Upward Trend
• WY Issues Dividend Guidance
• Glaxo On Acquisition Spree
• Foster Wheeler Wins Contract
• Europe CRE Investment To Rise: JLL
• U.S. Consumers Are Back: Retail Sales Return To Pre-Recession Levels; Frugality Fatigue Is Over
• Forex Trading: GBPUSD Breaks Below Key Support At 1.5446_51
• Stock Market News Briefs: AmerisourceBergen Corporation (Holding Co), BP P.l.c., EMC, Goldman Sachs Group, Goodrich, Jefferies Group, Morgan Stanley, Pfizer, TotalFinaElf, S.A., Wells Fargo & Company, Amgen, Apple, Sanderson Farms
• Swiss Franc: Caution
• Japanese Yen: Caution
• British Pound: Rebound
• Euro: Caution
• Forex Trading: GBPUSD Breaks The 100 Hour MA At 1.5802
• Forex Trading: USDJPY Fell Back Lower Below Support, But Fails
• Stone Expects Flat 2011 Capex
• Cosan Downgraded To Underperform
• New York Times In Neutral Lane
• Strong U.S. Retail Data Gives Bears Cause To Pause
• Forex Trading: GBPUSD Tests 100 Hour MA And Finds Profit Takers
• Forex Trading: EURUSD Corrects Lower Off Better US Data
• Petrobras Upgraded To Neutral
• Forex Trading: GBPUSD Breaks Lower To Support
• Nov. Monster Employment Index Europe Up By 22%
• Pfizer Drug Withdrawn From Market
• More Product Recalls At J&J
• British Pound Extends Two Advance As Inflation Tops Expectations, Spotlight Shifts To The FOMC Rate Decision
• A ‘Graphic’ View Of The U.S. Credit Collapse
• Stocks Markets Anticipating Better Economic Growth
• Gartman: China Not Likely To Raise Rates
• Technical Talk: NYSE – Fewer New Highs Call For Caution
• How High Will Gold Prices Go In 2011?
• Laugh Out Loud: The First Politician …
• South African Recovery Unevenly On Track
• Matra Petroleum Encouraged By Progress On Russian Wells

Review Of Citi ThankYou Preferred Card – Citibank’s New No-Fee Rewards Credit Card Posted: 14 Dec 2010 07:35 AM PST Citibank (NYSE:C) has just launched two new rewards credit cards in the US – the Citi ThankYou Preferred and the Citi ThankYou Premier. It seems that in an effort to reach new customers, Citi has indeed made many improvements to their credit card offerings, as seen in the recent 24-month 0% balance transfer offer. After reading through the fine print, we’re happy to say that these 2 new rewards cards have a lot of new benefits. Here I’ll do a detailed review of the Citi ThankYou Preferred … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Retail Sales Data Helps USD Extend NY Session Gains Posted: 14 Dec 2010 07:31 AM PST While the USD was pressured overnight, heading into today's US reports, it perked up, especially against the JPY and GBP, and the EUR as well. US retail sales were stronger than expected, and producer prices showed a jump in inflation. That helped to support the USD further against the majors. In yesterday's session and overnight, the USD had been squarely on the backfoot, as the EUR rebounded strongly following the weekend. Best Buy Earnings Drive some Risk Aversion The first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver – Now What? Posted: 14 Dec 2010 07:22 AM PST If you have followed my posts for a while, you have noticed that on occasion I am able to consider the longer term picture of things – gold’s C wave parabolics, silver’s potential height in December and more recently, palladium to the moon.  And I enjoy the research and consideration of the evidence to offer these longer term views of the precious metal’s bull market. But what I am much more comfortable with is the day to day analysis of things – looking up close at a tree or two and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Reestablishes Upward Trend Posted: 14 Dec 2010 07:17 AM PST The USDJPY found the support against the 83.20 area and reestablished the upward trend. The price has moved through the 200 hour MA a the 83.50 level and the 50% midpoint of the move down from yesterdays high. The next upside target is the 83.76 level. Risk for longs is for a move back below the 83.50 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WY Issues Dividend Guidance Posted: 14 Dec 2010 07:05 AM PST Weyerhaeuser Co. (NYSE:WY) came out with its dividend guidance for the fiscal year 2011 on December 13. The company’s board of directors expects paying a 15 cent per share quarterly dividend in 2011. The announced quarterly rate is three times the company’s previous dividend rate of 5 cents and equates to an annualized rate of 60 cents per common share. The first payment of the revised dividend is expected to be paid in March 2011. Weyerhaeuser targets a dividend payout ratio of 75 percent of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Glaxo On Acquisition Spree Posted: 14 Dec 2010 07:05 AM PST GlaxoSmithKline plc (NYSE:GSK) recently announced its plans to acquire UK-based Maxinutrition Group Holdings Ltd. for a cash payment of about £162 million. The deal includes the repayment of outstanding debt. As per the terms of the agreement, Glaxo will acquire Maxinutrition's brands thereby extending its reach in the UK and European sports nutrition market. Maxinutrition will become a part of Glaxo's Nutritional Healthcare business. The company plans to leverage its marketing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foster Wheeler Wins Contract Posted: 14 Dec 2010 07:05 AM PST The Global Engineering and Construction Group of  Foster Wheeler AG (NASDAQ:FWLT) received a contract from Petróleo Brasileiro S.A. (Petrobras) for basic engineering design and front-end engineering design (FEED) for two grassroots refineries in Brazil. The contract value is undisclosed. One of the refineries, located in Maranhao State,  will be a dual train 600,000 barrels per stream day (BPSD) facility and will be called the Premium I Refinery. The other one, Premium II Refinery, will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Europe CRE Investment To Rise: JLL Posted: 14 Dec 2010 07:05 AM PST According to a report published by Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), commercial property investments in Europe will increase 35% in 2011 to $174 billion. The report predicted that large, liquid and transparent markets in the U.K., France and Germany will attract the majority of funds, with a focus on London and Paris. In addition, increased trading will also be visible in the Nordic markets, central and eastern Europe and Moscow, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Consumers Are Back: Retail Sales Return To Pre-Recession Levels; Frugality Fatigue Is Over Posted: 14 Dec 2010 06:55 AM PST The Census Bureau reported today that retail sales increased for the fifth straight month and reached $378.7 billion in November, the second highest monthly level in history (not adjusted for inflation) and the highest level since $379.9 billion in November 2007, the month before the recession started (see top chart above).  Compared to a year earlier, November retail sales increased 7.7%, following strong gains of 7.3% in October and 7.4% in September (see bottom chart above).  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Breaks Below Key Support At 1.5446_51 Posted: 14 Dec 2010 06:47 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AmerisourceBergen Corporation (Holding Co), BP P.l.c., EMC, Goldman Sachs Group, Goodrich, Jefferies Group, Morgan Stanley, Pfizer, TotalFinaElf, S.A., Wells Fargo & Company, Amgen, Apple, Sanderson Farms Posted: 14 Dec 2010 06:35 AM PST  Pfizer (NYSE:PFE) announced a quarterly dividend increase of 11% to $0.20    Sanderson Farms (NASDAQ:SAFM) reported fiscal fourth quarter earnings of $2.08, beating Zacks Consensus Estimate of $1.69, on revenues of $529.1 million, which was ahead of Zacks Consensus Estimate of $524.0 million  Jefferies (NYSE:JEF) initiated coverage on Total (NYSE:TOT) with a “buy” rating and placed British Petroleum (NYSE:BP) at “hold”    Goldman Sachs (NYSE:GS) initiated coverage of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Caution Posted: 14 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Caution Posted: 14 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound Posted: 14 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Caution Posted: 14 Dec 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Breaks The 100 Hour MA At 1.5802 Posted: 14 Dec 2010 06:11 AM PST The GBPUSD held the 1.5820 upside resistance and rotated back below the 1.5802 level (100 hour MA). The next target is the 1.5775 level which was a floor yesterday.  A break targets trendline support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Fell Back Lower Below Support, But Fails Posted: 14 Dec 2010 06:06 AM PST Although the USDJPY fell below the expected support at 83.20 to a low of 83.14, the market price has rebounded back higher.  The support level remains in place at 83.19/20 and keeps a bullish bias barely in place. Last chance for the USDJPY to prove that the upside is the way to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stone Expects Flat 2011 Capex Posted: 14 Dec 2010 06:06 AM PST Lafayette, Louisiana-based Stone Energy Corporation (NYSE:SGY) announced its capital budget for 2011. It expects to spend $425 million, essentially flat with the revised 2010 capital budget. Of the total amount, approximately 50–55% is earmarked for the Gulf of Mexico (GoM) shelf activity and 25% for Appalachian drilling operations as well as land acquisitions. The remaining portion will be spent on exploration projects in the Rocky Mountain region, the deep shelf, the deepwater GoM and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cosan Downgraded To Underperform Posted: 14 Dec 2010 06:05 AM PST We recently downgraded Cosan Limited (NYSE:CZZ), Brazilian sugar and ethanol producer, to an Underperform recommendation. The stock was previously rated Neutral by us. The company is the largest sugar and ethanol producer in Brazil and ranks third in sugar and fifth in ethanol production in the world. Apart from its core operations, the company is also engaged in energy production from sugarcane bagasse and has an annual installed capacity of 860 MW. Fuel distribution is another of Cosan's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New York Times In Neutral Lane Posted: 14 Dec 2010 06:05 AM PST The New York Times Company (NYSE:NYT), the diversified media conglomerate, is witnessing improving trends in print advertising. The company now expects the rate of fall in print advertising revenue to decelerate to 4% in fourth-quarter 2010 from 5.8% in the third quarter. The publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other daily newspapers, is also effectively managing its costs. The company expects fiscal 2010 operating profit excluding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong U.S. Retail Data Gives Bears Cause To Pause Posted: 14 Dec 2010 06:04 AM PST After an earlier bout of dollar weakness the greenback is clawing its way back sharply on Tuesday. Just 24 hours ago the opposite situation caught our eye as initial dollar strength gave way to a round of selling. Early weakness in the dollar was blamed on continued strength in global stocks and rising commodity prices symptomatic of ongoing recovery. Investors are also still responding in part to Monday’s warning from Moody’s Investor Services that President Obama’s deal with Congressional … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests 100 Hour MA And Finds Profit Takers Posted: 14 Dec 2010 05:52 AM PST On the first test of the 100 hour MA, the GBPUSD found support. The level comes in at 1.5802 (chart should read 1.5802 not 1.5801- whoops). Resistance at 1.5820 now. Staying below 1.5820 should keep pressure on the pair. Prior to the economic data, the GBPUSD fell below the trendline support on the 5 minute chart at the 1.5851 level.  The breaking of the level got the ball rolling to the downside for the pair.  This level could be back in play if the price rebounds … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Corrects Lower Off Better US Data Posted: 14 Dec 2010 05:42 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Petrobras Upgraded To Neutral Posted: 14 Dec 2010 05:35 AM PST We have upgraded Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A to ‘Neutral’ from ‘Underperform’. Headquartered in Rio de Janeiro, Petrobras is the largest integrated energy firm in Brazil and the third-biggest oil company in the world by market value behind ExxonMobil (XOM) and PetroChina Co. Ltd (PTR). The company's activities include: the exploration, exploitation and production of oil from reservoir wells, shale and other rocks, and in the refining, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Breaks Lower To Support Posted: 14 Dec 2010 05:21 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nov. Monster Employment Index Europe Up By 22% Posted: 14 Dec 2010 05:08 AM PST From Monster Europe: “Online job demand remains elevated in comparison to the levels seen a year earlier. This, coupled with rising business and consumer confidence, as well as economic confidence, suggests that the overall hiring atmosphere across Europe is generally positive. Manufacturing and export activity across Europe continues to be a key driver in the rising levels of job opportunities across the continent, with both sectors reporting substantial growth over the past 12 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Drug Withdrawn From Market Posted: 14 Dec 2010 05:06 AM PST Pfizer Inc. (NYSE:PFE) recently announced its decision to voluntarily withdraw its pulmonary arterial hypertension (PAH) drug, Thelin, from the market. The company decided to withdraw Thelin based on a review of safety information on the drug from clinical studies and post-marketing reports. Although Thelin was not recommended for use in patients who have mild to severe problems with their liver or raised levels of some liver enzymes, Pfizer said that a new potentially life-threatening … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Product Recalls At J&J Posted: 14 Dec 2010 05:06 AM PST Johnson & Johnson (NYSE:JNJ) announced yet another product recall recently. This time round, McNeil Consumer Healthcare said that it is voluntarily recalling all lots of Rolaids Extra Strength Softchews, Rolaids Extra Strength plus Gas Softchews, and Rolaids Multi-Symptom plus Anti-Gas Softchews. The recall relates to products distributed in the US. The product recall was based on complaints regarding the presence of foreign materials like metal and wood particles, in the product. In addition … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound Extends Two Advance As Inflation Tops Expectations, Spotlight Shifts To The FOMC Rate Decision Posted: 14 Dec 2010 03:45 AM PST Fundamental Headlines • As Rates Increase, Fed's Resolve Likely to Rise, Too – Wall Street Journal •China to Appeal WTO Ruling on Tire Dispute – Wall Street Journal • U.S. Seeks to Raise Trade Pressure on China – Financial Times •Trichet Calls for "Maximum" Flexibility on Region's Rescue Fund- Bloomberg •Bernanke Options May be Limited Amid Republican Scrutiny – Bloomberg GBPUSD: Consumer prices in the U.K. rose 0.4 percent in November after climbing 0.3 percent the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A ‘Graphic’ View Of The U.S. Credit Collapse Posted: 14 Dec 2010 03:28 AM PST If a picture paints a thousand words, then the graphs I am highlighting today would encompass many volumes. I thank the regular reader of Sense on Cents who brought them to my attention. Major prop to Barry Ritholtz of The Big Picture who ran this commentary yesterday. Major credit to the writer at the Global Macro Monitor blog. The Global Macro Monitor blog was started by an independent trader and economist and, in a prior life, was a global macro hedge fund PM/trader, headed emerging market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks Markets Anticipating Better Economic Growth Posted: 14 Dec 2010 03:05 AM PST Further to my post of yesterday, "Stocks: anticipator of economic health", where my conclusion was that the stock market is an excellent anticipator of underlying economic growth, I decided to cast the net a bit wider and also analyze a number of additional bourses. I again used my algorithm that tracks the ECRI Weekly Leading Indicator (WLI), but adjusted it to a monthly basis instead of weekly to calculate the Monthly Smoothed Annualized Growth Rate (MSAGR) for the respective stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gartman: China Not Likely To Raise Rates Posted: 14 Dec 2010 02:58 AM PST Renowned currency and commodities trader Dennis Gartman explains why he doesn't think China will raise interest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Technical Talk: NYSE – Fewer New Highs Call For Caution Posted: 14 Dec 2010 02:55 AM PST The comments below were provided by Kevin Lane of Fusion IQ. As seen in the chart the number of net new highs on all U.S. exchanges combined are fewer now (green circle) than when the indices made their previous highs back in early November (red circle). While this alone is not a glaring negative, it does raise some caution as a market moving higher with fewer names participating eventually is not a good condition. It's akin to having a few people fall off the end of your team's rope in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How High Will Gold Prices Go In 2011? Posted: 14 Dec 2010 02:45 AM PST Analysts and mining CEOs give their gold price targets for 2011. Wow – only one (somewhat) bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: The First Politician … Posted: 14 Dec 2010 02:38 AM PST An archeological team, digging in Washington DC, has uncovered 10 000-year old bones and fossil remains of what is believed to be the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

South African Recovery Unevenly On Track Posted: 14 Dec 2010 02:36 AM PST By Cees Bruggemans, Chief Economist of FNB. Although mid-2010 was a bit slow (3Q2010 showed as little as 2.6% growth), this was mostly due to strike action in manufacturing and the public sector (between them contributing nearly a third of economic activity). With the strikes out of the way, manufacturers having to catch up, and the motor and retail trades not standing still, car sales motoring ahead at 30%, the 4Q2010 is likely to show faster growth. The SARB leading indicator resumed rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Matra Petroleum Encouraged By Progress On Russian Wells Posted: 14 Dec 2010 01:03 AM PST Matra Petroleum (LON:MTA) , the AIM listed oil and gas group, reported this morning that it had got its hands on a suitable rig to partially re-drill a section of Well-12 on its Sokolovskoe Field near Orenburg in Russia. Matra had been hoping to use a rig that had been hitherto in use by TNK-BP but for operational reasons that rig failed to materialise. The new rig is currently being mobilised to the well site. Elsewhere, Matra reported that remedial cementing operations on Well-13 had now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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