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DailyMarkets.com - Turned Down For Loans Despite Good Credit Score |
- Turned Down For Loans Despite Good Credit Score
- Outlook For Commodities Remains Positive
- “Red Metal” Keeps On Rising
- Keep Your Eye On This Stock Wednesday
- Stock Market News Briefs: 3M Company, Deutsche Bank AG, Goldman Sachs Group, H&R Block, Johnson Controls, KBR, Texas Instruments Incorporated, Costco Wholesale, Netflix, Xilinx
- U.S. Stocks Advance After The Open; Dow Jones Up 0.11%
- Stock Market Outlook: Time To Pause And Measure Risk
- Pat Dorsey On Stocks Versus Bonds
- Forex – EUR/JPY Hits 7-day High After Weak Japan Data
- Boeing Acquires CDM Technologies
- AGL Acquiring Nicor For $3.1B
- Cartoon Of The Day
- Tax Changes Everything
- Forex Trading: GBPUSD Moves Higher Toward Resistance Area
- Forex – USD/CAD Hits Fresh Daily Low After Strong Canada Data
- Forex Trading: EURUSD Moves Higher In Early NY Trade
- Job Openings Rise To Two-Year High In October
- Canada Housing Starts Rise More-than-expected In November
- Incentives Matter: The Speed Camera Lottery
- Hot Stocks To Know For Wednesday: Citigroup, Hewlett-Packard, JPMorgan, New York Times, 3M, Prudential, Verizon, Halliburton, Microsoft, Vodafone, BP
- Operation Broken Trust Missed “The Big One”
- Euro Losses To Resume Heading Into Second Half Of The Week, British Pound Capped By 50-Day SMA
- Forex – Dollar Broadly Higher Vs. Rivals As Tax Cuts Boost Growth Outlook
- EUR/USD Tests 1.3200 With AB=CD Retracement
- Forex – EUR/USD Trims Losses But Contagion Fears Weigh
- Colgate Palmolive Stock Review: Worth Another Brush
- Quiksilver Inc : A Good Time To Sell
- Forex – EUR/GBP Tumbles To 5-day Low As Debt Fears Weigh
- Stocks To Watch On Wednesday: Microsoft, Johnson & Johnson, Texas Instruments, Google, BP, Sanofi-Aventis, ArcelorMittal, Vodafone
- GLD – At Which Levels Will Dip Buyers Step In?
- Forex – GBP/USD Erases Losses, Surges To Fresh Daily High
- Bullish Sentiment Raises Risk Level
- Face To Face With David Einhorn On Markets, Gold
- How To Invest In A Deflationary Environment, According To Rosy
- All About Gold
- Goldman Sachs Becomes A Raging Bull
Turned Down For Loans Despite Good Credit Score Posted: 08 Dec 2010 07:35 AM PST The US mortgage market hasn’t been kind to consumers especially in recent times since the Great Recession that started in 2008. In the past, mortgage lenders were desperate for your business, regardless of your credit score and income. Those open arms have become somewhat closed, amid mounting foreclosures and people’s inability to pay their monthly mortgage. Since the unraveling of the sub-prime housing crisis, many Americans have been turned down for home loans despite having a good or … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Outlook For Commodities Remains Positive Posted: 08 Dec 2010 07:28 AM PST With news of a compromise on extending the Bush tax cuts, recent strength in the U.S. dollar, and signals from China it may raise interest rates, it is a good time to check on the health of weak-dollar assets, such as commodities (DBC). Commodities, especially hard commodities like copper (JJC) and gold (GLD), are often used as a way to protect purchasing power during periods where concerns about future inflation are elevated. In general, commodities tend to have a tailwind when … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 08 Dec 2010 07:18 AM PST Trading Ideas |
Keep Your Eye On This Stock Wednesday Posted: 08 Dec 2010 07:12 AM PST With the major market indexes testing clear-cut resistance levels, it may be time to turn our attention to short term selling opportunities. Dominion Resources, Inc. (NYSE:D) has been trending quietly lower the last six weeks and is beginning to show early signs of weakness, which could yield short term profits! Check it out. Sell Signal The Modified PEMA Crossover system has fired a new Short opportunity for $D, which has been in the midst of a six-week down trend. Every pull-back has … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 08 Dec 2010 07:05 AM PST Costco (NASDAQ:COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion H&R Block (NYSE:HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss, on revenues of $322.9 million that missed estimates of $339.5 million Netflix (NASDAQ:NFLX) shares weakened after hours on reports that CFO McCarthy was leaving the firm Goldman Sachs … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
U.S. Stocks Advance After The Open; Dow Jones Up 0.11% Posted: 08 Dec 2010 07:04 AM PST Forex Pros – U.S. stocks were up after the open on Wednesday, as Treasury notes declined amid speculation that extended U.S. tax cuts will boost the U.S. economic recovery. During early U.S. trade, the Dow Jones Industrial Average gained 0.11%; the S&P 500 index rose 0.11%, while the Nasdaq Composite index was up 0.18%. Shares in the financial sector were broadly higher. Shares in global financial service provider Goldman Sachs jumped 1.32%, rivals Morgan Stanley saw shares surge … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Stock Market Outlook: Time To Pause And Measure Risk Posted: 08 Dec 2010 06:56 AM PST Last week we discussed the S&P 5oo index relative to resistance at the November high. We are there and it is posing some challenges for the index. A look at the chart below of the index shows the pause in the advance higher near this level. The solid move to 1235 yesterday was met with sellers pushing the index back to 1223 on the close. Do we conclude the advance for the index is over? Absolutely not, it is simply a pause in the move higher with a potential test or re-test of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Pat Dorsey On Stocks Versus Bonds Posted: 08 Dec 2010 06:36 AM PST Pat Dorsey Pat Dorsey, the director of equity research at Morningstar, and author of two books on investing: The Five Rules for Successful Stock Investing and The Little Book That Builds Wealth talked recently about Warren Buffett and his comments on why stocks are more attractive then bonds. Dorsey agrees that stocks offer better yields than bonds and "it is first grade math". |
Forex – EUR/JPY Hits 7-day High After Weak Japan Data Posted: 08 Dec 2010 06:35 AM PST Forex Pros – The euro was up against the yen on Wednesday, advancing to a 7-day high after official data showed that Japanese core machinery orders fell unexpectedly in October, declining for the second straight month. EUR/JPY hit 111.22 during European afternoon trade, the pair's highest since November 29; the pair subsequently consolidated at 111.12, gaining 0.37%. The pair was likely to find support at 109.55, Monday's low and resistance at 111.76, the high of November 29. Earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Boeing Acquires CDM Technologies Posted: 08 Dec 2010 06:15 AM PST The Boeing Company (NYSE:BA) in an effort to extend its footprint in the logistics command and control business has acquired CDM Technologies. Boeing's wholly-owned San Diego based subsidiary, Tapestry Solutions will fully integrate CDM Technologies’ employees and capabilities into its existing business. |
Posted: 08 Dec 2010 06:15 AM PST AGL Resources (AGL)– the owner of Atlanta's natural-gas utility – has agreed to acquire natural gas distributor Nicor Inc. (GAS) for about $3.1 billion in cash, stock and debt. The deal will create a big new natural gas distributor with about 4.5 million customers across seven states, annual revenues of $5.1 billion and an enterprise value of $8.6 billion. |
Posted: 08 Dec 2010 06:12 AM PST The latest from IBD’s Mike Ramirez. HT: Newmark’s Door via Lee … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 08 Dec 2010 06:01 AM PST The initial negative reaction towards the dollar has quickly worn off as economists compute the likely boost to growth and consumption as a result of extensions to tax cuts. An irate Mr. Bernanke over the weekend defended the Fed’s own extension in the form of increased bond purchases claiming that growth of 2.5% was barely fast enough. The deal struck between President Obama and the Republicans is estimated to boost disposable income by $115 billion and at a stroke could boost output by 0.5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: GBPUSD Moves Higher Toward Resistance Area Posted: 08 Dec 2010 05:57 AM PST The GBPUSD moved lower early in the day, then got a boast by comments from Chancelor of the Exchequer Osborne and on better data from CBI on the Industrial Trends (highest level on index since … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – USD/CAD Hits Fresh Daily Low After Strong Canada Data Posted: 08 Dec 2010 05:48 AM PST Forex Pros – The U.S. dollar extended losses against its Canadian counterpart on Wednesday, falling to a fresh daily low after a report showed that Canadian housing starts rose more-than-expected in November. USD/CAD hit 1.0096 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.0099, shedding 0.17%. The pair was likely to find support at 1.0011, Tuesday's low and resistance at 1.0189, the high of December 2. Earlier in the day, the Canada Mortgage and … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: EURUSD Moves Higher In Early NY Trade Posted: 08 Dec 2010 05:41 AM PST Gold also bottomed and quickly reversed. Short seem to be caught in both leading to the sharp bounce … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Job Openings Rise To Two-Year High In October Posted: 08 Dec 2010 05:40 AM PST The BLS reported yesterday that job openings rose to 3,362,000 in October, which was the highest level since August 2008, more than two years ago. Compared to the cyclical low of 2,338,000 in July of last year, job openings have risen by more than one million and by 44% through October of this year. Although the ongoing increase in job openings hasn’t yet translated yet into a lower unemployment rate (see chart above), it’s another sign that conditions in the labor market are … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Canada Housing Starts Rise More-than-expected In November Posted: 08 Dec 2010 05:19 AM PST Forex Pros – Canadian housing starts rose more-than-expected in November, industry data showed on Wednesday. In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 187,000 units in November, up from 168,000 units in October. Economists had expected housing starts to rise to 172,000 in November. Commenting on the report, chief economist at CMHC's Market Analysis Centre Bob Dugan said, "Housing starts moved higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Incentives Matter: The Speed Camera Lottery Posted: 08 Dec 2010 05:06 AM PST From Wired: “As well as ticketing you when you run through a speed-radar too fast, the "Speed Camera Lottery" in Sweden also notices you when you come in at or under the speed-limit. It then automatically enters you in a lottery. And here's the really smart part: the prizes come from the fines paid by speeders.” Average speed before the experiment: 32 km/hour Average speed after the experiment: 25 km/hour Watch video above for the full … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 08 Dec 2010 05:05 AM PST U.S. stocks erased gains in the final hour of trading Tuesday, pulling the S&P 500 Index down from a two-year high after a probe of insider trading reportedly widened and President Barack Obama said he'll push to overhaul the tax code in two years. 3M Co. (NYSE:MMM), JPMorgan (NYSE:JPM) and Hewlett-Packard (NYSE:HPQ) all lost at least 1.5% but Citigroup (NYSE:C) bucked the trend gaining 3.8% after the Treasury sold its remaining stake and the New York Times Co. (NYSE:NYT) added 4.1% after forecasting … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Operation Broken Trust Missed “The Big One” Posted: 08 Dec 2010 04:55 AM PST $8 billion is a lot of money, right? But when is $8 billion NOT a lot of money? |
Euro Losses To Resume Heading Into Second Half Of The Week, British Pound Capped By 50-Day SMA Posted: 08 Dec 2010 04:50 AM PST Fundamental Headlines |
Forex – Dollar Broadly Higher Vs. Rivals As Tax Cuts Boost Growth Outlook Posted: 08 Dec 2010 04:49 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as a proposed extension of tax cuts fuelled increased growth expectations for the U.S. economy. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.40% to hit 1.3207. Earlier in the day, official data showed that German industrial production rose significantly more-than-expected in October, led by demand for investor goods, such as machinery. But the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
EUR/USD Tests 1.3200 With AB=CD Retracement Posted: 08 Dec 2010 04:40 AM PST EUR/USD 12/8/2010 1H chart 1H: Following up with the EUR/USD after a test of 1.32. |
Forex – EUR/USD Trims Losses But Contagion Fears Weigh Posted: 08 Dec 2010 04:40 AM PST Forex Pros – The euro trimmed losses against the U.S. dollar on Wednesday, retreating from a 4-day low but concerns over sovereign debt contagion remained despite the passage of Ireland’s austerity budget through parliament. EUR/USD clawed up from 1.3179, the pair's lowest since December 2, to hit 1.3216 during European afternoon trade, shedding 0.32%. The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3421, the high of December 6. On Tuesday, … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Colgate Palmolive Stock Review: Worth Another Brush Posted: 08 Dec 2010 04:35 AM PST Colgate-Palmolive (NYSE:CL) dominates the oral care category with a worldwide toothpaste market share of almost 45%. The firm's expertise extends beyond toothpaste. I added CL into my list of investment ideas as I reviewed recently recommended dividend stocks by Morningstar. Over the last month, CL has been trading between $75 and $79. Please refer to the stock review explained post if you have questions on what I look for in this analysis. Click on this Surfmark if you want to see the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Quiksilver Inc : A Good Time To Sell Posted: 08 Dec 2010 04:25 AM PST Quiksilver Inc (NYSE:ZQK) had rallied quite a fair bit ever since releasing their estimated 4Q results. The stock has initially dropped from $4.60 to about $3.90 before recovering to the $4.60 level. Base on current price, it is trading near the resistance level of the downward trendline as shown in the chart. Although there is a potential of it reaching $4.80, the risk/reward doesn't seem really justifiable. It would be better to take profit on this counter now. Sell Quiksilver … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – EUR/GBP Tumbles To 5-day Low As Debt Fears Weigh Posted: 08 Dec 2010 04:21 AM PST Forex Pros – The euro was down against the pound on Wednesday, tumbling to a 5-day low as the passage of Ireland’s emergency budget through parliament failed to ease fears over sovereign debt contagion in the single currency bloc. EUR/GBP hit 0.8381 during European early afternoon trade, the pair's lowest since December 1; the pair subsequently consolidated at 0.8384, shedding 0.38%. The pair was likely to find support at 0.8333, the low of December 1 and a 10-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 08 Dec 2010 04:14 AM PST BP (NYSE:BP) – W&T Offshore said that co. told it that they are exercising its right to buy Shell Offshore Inc.'s stake in two deepwater fields in the Gulf of Mexico. (RTRS) UK In other news, co. says it considers selling bonds to Chinese investors, and also weighs Samurai and Kangaroo bond sales. (Sources) Vodafone (NYSE:VOD) – Co. which owns 45% of Verizon Wireless might receive a dividend from the venture in 2012, according to Verizon Communications, the controlling shareholder. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
GLD – At Which Levels Will Dip Buyers Step In? Posted: 08 Dec 2010 04:07 AM PST With gold having a pullback yesterday, with volume, here is a quick look at levels where it could expect to find support. The next support is at 135 which should also be strengthened by the presence of MA(20) at those levels. The next level of support is around 132, the MA(50) level. I expect dip buyers to step at these levels. It is interesting to note that the top six volume days since October have all been down days. SPDR Gold Shares … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – GBP/USD Erases Losses, Surges To Fresh Daily High Posted: 08 Dec 2010 03:56 AM PST Forex Pros – The pound erased losses against the U.S. dollar on Wednesday, rebounding from a 2-day low after data showed that U.K. industrial orders rose to a two year high in December. GBP/USD clawed up from 1.5669, the pair's lowest since Monday, to hit 1.5790 during European morning trade, gaining 0.20%. Cable was likely to find support at 1.5580, the low of December 3 and resistance at 1.5964, the high of November 23. Earlier in the day, the Confederation of British Industry said its … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Bullish Sentiment Raises Risk Level Posted: 08 Dec 2010 03:51 AM PST The latest Advisors Sentiment report from Investors Intelligence shows the bulls have edged up to 56.2% from 55.4% a week ago and 29.4% at the end of August. This equals the high of three weeks ago just prior to a stock market pull-back. |
Face To Face With David Einhorn On Markets, Gold Posted: 08 Dec 2010 03:43 AM PST In this post, Charlie Rose sits down with David Einhorn, President of Greenlight Capital, to discuss the economy and financial markets. Click here for a transcript of the interview. |
How To Invest In A Deflationary Environment, According To Rosy Posted: 08 Dec 2010 03:37 AM PST The article below comes from David Rosenberg, Chief Economist and Strategist of Gluskin Sheff & Associates. |
Posted: 08 Dec 2010 03:34 AM PST In this interview, Charlie Rose sits down with John Hathaway of Tocqueville Asset Management, Peter Munk, chairman and founder of Barrick Gold, and James Grant, editor of Grant's Interest Rate Observer. Click here for a transcript of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Goldman Sachs Becomes A Raging Bull Posted: 08 Dec 2010 03:31 AM PST David Kostin, chief US investment strategist at Goldman Sachs, shares his firm's 2011 investment outlook with CNBC. (For those who missed my post on Goldman's asset class forecasts, please click here. Also see the table at the bottom of the video … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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