Monday, December 6, 2010

DailyMarkets.com - What Is The Difference Between A Credit Card And A Secured Credit Card?

DailyMarkets.com - What Is The Difference Between A Credit Card And A Secured Credit Card?


What Is The Difference Between A Credit Card And A Secured Credit Card?

Posted: 06 Dec 2010 07:35 AM PST

If you have bad credit or don’t have any credit score, you might find yourself getting rejected for ‘regular’ credit cards. In that case, getting a secured credit card can certainly make your life easier and help you improve your credit score or build a credit history.

Here I will explain to you the difference between a credit card and a secured credit card, so that you will have a better understanding of how each works.

How Secured Credit Cards Work

An unsecured or regular credit card … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Poised To Test All-Time High

Posted: 06 Dec 2010 07:30 AM PST

Gold ended last week at an all-time closing high and looks good for further gains this week.

Only a few days ago gold was exciting a few of us chartists who were looking at a potential Head & Shoulders pattern. The right shoulder looked to have peaked at $1382 and was odds on to test the neckline somewhere in the $1340 region. But even while equities were still falling, and the Dollar rising, gold found willing buyers from $1350 upwards, blowing away any remains of a right shoulder. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will Santa Provide A Stock Market Rally Or Will Grinch Steal The Day?

Posted: 06 Dec 2010 07:29 AM PST

The broad markets closed out last week near the November high. Do we break higher and take the next leg in the current uptrend or pullback and test support? Investors looking for the Santa rally are hoping for the break higher and Grinch thinks the market is overbought and due for a pullback or correction. We could argue both sides, but for now the Santa rally has the upper hand.

Looking at the S&P 500 index we closed at 1224 which is the November high. That level was the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Limited Upside For US Stock Market; China And Asia Set To Trend Upwards

Posted: 06 Dec 2010 07:25 AM PST

As promised, I will be looking at a few global indices to get a clearer picture of where individual markets seems to be heading. First up will be the Dow Jones Industrial. The DJI has come down from 11,450 points to 11,000 points before the recent double day triple digit rally to bring it back to the 11,390 level. Looking at the chart, the first resistance level will be at the previous high level of 11,450 points. Should this resistance break, we can expect to see the market trend … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Consolidating As It Awaits BOC Interest Rate Decision Tomorrow

Posted: 06 Dec 2010 07:17 AM PST

The BOC will announce their interest rate decision tomorrow. The expectation if for the central bank to keep rates unchanged at 1.00%. Today, worse than expected Building Permits but better than expected Ivey PMI index has the currency respecting technical levels. Watching the 1.0076-82 level on the topside. ON the downside the 1.0050-60 level is intraday … [visit site to read more] or compare Best Credit Cards and Best CD Rates


TC PipeLines Upgraded To Outperform

Posted: 06 Dec 2010 07:05 AM PST

Following the recent distribution increase and strong operating results, we have upgraded pipeline operator TC PipeLines L.P. (TCLP) to ‘Outperform’ from ‘Neutral’.
Formed in 1998, Calgary, Alberta-based TC PipeLines is a master limited partnership ("MLP"), with interests in four pipeline systems: the Northern Border Pipeline Company (NBPL), the Tuscarora Gas Transmission Company, Great Lakes Gas Transmission, L.P and the North Baja Pipeline, LLC.
With its investments in low-risk energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mid-America Increases Dividend

Posted: 06 Dec 2010 07:05 AM PST

Mid-America Apartment Communities Inc. (NYSE:MAA), an apartment-only real estate investment trust (REIT), recently increased its dividend payout by 2% to a quarterly payment of $0.6275 per share or $2.51 on an annualized basis.
Mid-America is one of the few companies that has neither reduced nor suspended its dividend payement during the recession. Mid-America has a strong balance sheet with over $155 million of liquidity at quarter-end. The fixed charge coverage ratio was 3.3x during third … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Ivey PMI Increases Unexpectedly In November

Posted: 06 Dec 2010 07:03 AM PST

Forex Pros – Canada’s Ivey purchasing managers' index increased unexpectedly in November, data showed on Monday.

In a report, the Richard Ivey School of Business said its purchasing managers' index rose to 57.5 in November, after falling to 56.7 in October.

Analysts had expected the index to fall to 56.2 in November.

On the index, a figure above 50.0 indicates industry expansion, below indicates contraction.

Following the release of the data, the Canadian dollar was down against its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Decline After The Open; Dow Jones Falls 0.18%

Posted: 06 Dec 2010 06:58 AM PST

Forex Pros – U.S. stocks were down after the open on Monday, as ongoing fears over the euro zone's sovereign debt crisis weighed on market sentiment, but losses were limited amid increased merger and acquisition activity.

During early U.S. trade, the Dow Jones Industrial Average fell 0.18%; the S&P 500 index shed 0.31%, while the Nasdaq Composite index was down 0.18%.

Shares in the financial sector were broadly lower ahead of a meeting of euro zone finance ministers in Brussels later … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: AUDUSD Gears Up For RBA Interest Rate Decision Today

Posted: 06 Dec 2010 06:56 AM PST

Forex – EUR/GBP Falls To Daily Low Ahead Of Eurogroup Meeting

Posted: 06 Dec 2010 06:46 AM PST

Forex Pros – The euro was down against the pound on Monday, falling to a daily low ahead of a meeting of euro zone finance ministers in Brussels to discuss whether the EUR750 billion bailout fund for euro-zone countries should be enlarged.

EUR/GBP hit 0.8454 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.8471, shedding 0.40%.

The pair was likely to find support at 0.8388, last Thursday's low and resistance at 0.8426, Friday's high.

Ahead of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Pall Corp.

Posted: 06 Dec 2010 06:35 AM PST

Pall Corporation (NYSE:PLL) is slated to report its first quarter fiscal 2011 earnings on December 9, 2010, after market close. The current Zacks Consensus Earnings Estimate for the first quarter is 50 cents per share, representing a year-over-year growth of 25%. Pall surpassed the earnings estimate in the two preceding quarters. However, earnings in the second quarter of fiscal 2010 came in below the estimate following an in-line first quarter. The trailing four-quarter average surprise was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Post’s New Stock Repurchase Program

Posted: 06 Dec 2010 06:35 AM PST

Post Properties Inc. (NYSE:PPS), a leading operator and developer of multifamily properties across the U.S., has recently announced a new stock and note repurchase program that would replace its existing share repurchase program in place till the end of 2010. Under the terms of the new program, Post Properties may repurchase up to a maximum of $200 million worth of common shares or preferred stock or its operating partnership's senior unsecured notes till December 31, 2012.
Post properties had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Abercrombie & Fitch Company, Air Products And Chemicals, Bank Of America, Big Lots, Cia Vale Do Rio Doce, Goldman Sachs Group, Illinois Tool Works, Jefferies Group, Morgan Stanley, Pfizer, Royal Bank Of Canada, Cisco Systems, Google, Netflix

Posted: 06 Dec 2010 06:35 AM PST

 Rio Tinto (NYSE:RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining

 Barron’s wrote favorably on Big Lots (NYSE:BIG) on valuation merits after last week’s earnings miss

 According to All Things Digital, talks between Google (NASDAQ:GOOG) and Groupon were terminated

 Pfizer (NYSE:PFE) CEO Kindler stepped down from his position

 Bank of America (NYSE:BAC) says it now meets standards to exit Tarp

 Dollar General … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Broadly Weaker Euro Hits 3-day Low Vs. Yen

Posted: 06 Dec 2010 06:28 AM PST

Forex Pros – The broadly weaker euro was down against the yen on Monday, tumbling to a 3-day low, ahead of a meeting of European finance ministers to discuss their response to the euro zone sovereign debt crisis.

EUR/JPY hit 109.67 during European afternoon trade, the pair's lowest since December 1; the pair subsequently consolidated at 109.93, tumbling 0.72%.

The pair was likely to find support at 108.39, the low of December 1 and resistance at 111.18, the high of December 2.

Later in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Intraday Support Around 97

Posted: 06 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: 06 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: 06 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: Rebound Expected

Posted: 06 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


Government Website Promotes “3% Or Less” Down

Posted: 06 Dec 2010 06:06 AM PST

Here’s a brochure titled “How to Buy a Home With a Low Down Payment: A Consumer's Guide to Owning a Home with Less Than Three Percent Down,” which was developed by the Mortgage Insurance Companies of America in cooperation with the Extension Service of the U.S. Department of Agriculture, and appears on this government (GSA) website.

"Many people mistakenly believe that you have to come up with a down payment equal to 20 percent of the price of a home. In fact, home loans with down payments … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fitch Upgrades Tyco International

Posted: 06 Dec 2010 06:05 AM PST

International Credit Rating Agency, Fitch Ratings, upgraded the long-term investment-grade credit rating for Tyco International Ltd (NYSE:TYC). to “A-” from “BBB+” and retained a stable outlook on the same.
This enhancement in credit ratings is the result of Tyco’s low gearing, operational improvements, prudent cash use and good source of liquidity. This will enable reduction of interest rates on the company's long-term debt.
Tyco fulfills a wide range of the diverse needs of businesses and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Never Too Small To Be A Shareholder

Posted: 06 Dec 2010 05:56 AM PST

By Christine Small of http://csongbird.com/
I am not sure about you, but nowadays, the only time my phone calls ever get picked up by a live human on the first try is when i'm calling my mom, bless her heart. So when i'm not calling my mom, i'm mouthing the message i'm going to leave on the voicemail as i dial. as investors, we'd love it if say, Google's CFO picked up the phone when we call to answer our questions. Never say never, but i bet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Hits 2-day High After Weak Canadian Data

Posted: 06 Dec 2010 05:44 AM PST

Forex Pros – The U.S. dollar extended gains against its Canadian counterpart on Monday, rising to a 2-day high after official data showed that the number of Canadian building permits issued in October tumbled more-than-expected.

USD/CAD hit 1.0084 during European afternoon trade, the pair's highest since last Thursday; the pair subsequently consolidated at 1.0079, advancing 0.41%.

The pair was likely to find support at 1.0024, last Thursday's low and resistance at 1.0189, Thursday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests Support At 1.3248.

Posted: 06 Dec 2010 05:44 AM PST

Canadian Building Permits Fall Sharply In October

Posted: 06 Dec 2010 05:38 AM PST

Forex Pros – The number of new building permits issued in Canada fell significantly more-than-expected in October, official data showed on Monday.

In a report, Statistic Canada said the number of new building permits issued fell by a seasonally adjusted 6.5% in October, after jumping by 14.9% in September, whose figure was revised down from 15.3%.
 
Analysts expected the number of new building permits issued to decline by 2.5% in October.

According to the data, a decline in both the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sonoco’s 2010 And 2011 Outlook

Posted: 06 Dec 2010 05:35 AM PST

Sonoco Products Co. (NYSE:SON) has provided an update on its 2010 and 2011 EPS guidance, along with an exposition of key strategic initiatives for the future and share buyback intention. Fourth quarter EPS is now expected to be at the lower end of its previously announced range of 57 cents to 61 cents while fiscal 2010 guidance remains in a band of $2.32 to $2.36. Sonoco initiated fiscal 2011 EPS forecast in a range of $2.52 to $2.62.
Fourth Quarter and Fiscal 2010 Preview
Even though Sonoco … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Tower To Outperform

Posted: 06 Dec 2010 05:35 AM PST

We upgrade our recommendation for American Tower Corp. (NYSE:AMT) to Outperform based on our assessment that surging demand for wireless data and video in the developed markets couple with diversification into several emerging markets will significantly boost the company's long-term growth.  The company continues to perform strongly driven by substantial demand for tower space to facilitate high-speed wireless data and video services, together with emerging 3G/4G technologies.
American … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Rig Count At 23-Month High

Posted: 06 Dec 2010 05:35 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the land rig count.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), Patterson-UTI Energy (PTEN) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Tests Trendline Resistance At 82.93

Posted: 06 Dec 2010 05:30 AM PST

Forex – Dollar Up Against Rivals As Fed Points To Further Support

Posted: 06 Dec 2010 04:34 AM PST

Forex Pros – The U.S. dollar was up against all of its major counterparts on Monday, after Federal Reserve Chairman Ben Bernanke said purchases of Treasuries beyond the USD600 billion announced last month were "certainly possible."

During European early afternoon trade, the greenback was up against the euro, with EUR/USD plunging 0.86% to hit 1.3298.

In an interview with CBS’s “60 Minutes” aired Sunday, Bernanke also said it could be four to five years before the U.S. returned to a more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Extends Losses, Tumbles To Fresh Daily Low

Posted: 06 Dec 2010 04:23 AM PST

Forex Pros – The pound extended losses against the U.S. dollar on Monday, falling to a fresh daily low, as concerns over sovereign debt contagion in the euro zone continued to weigh heavily on the currency.

GBP/USD hit 1.5656 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.5691, shedding 0.49%.

The pair was likely to find support at 1.5580, last Friday's low and resistance at 1.5836, the high of November 24.

Later in the day, euro zone … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Last Thing You Want Is Full Transparency – Gary Gastineau, Managed ETFs LLC

Posted: 06 Dec 2010 04:00 AM PST

ActiveETFs | InFocus had a conversation with Gary Gastineau, Co-Founder of Managed ETFs LLC and Principal at ETF Consultants. Managed ETFs LLC's assets were acquired by Eaton Vance, including patents for NAV-based trading owned by the company. Eaton Vance has indicated that it intends to utilize the patents to bring forward non-transparent actively-managed ETFs to market. Gary chats with us about Eaton Vance's plans, how NAV-based will benefit investors and why investors should have … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Weighed By Uncertainty Surrounding EU Rescue Fund

Posted: 06 Dec 2010 03:45 AM PST

Fundamental Headlines
• Obama, Hu Discuss Tension in Koreas – Wall Street Journal
• As Bonds Flag, Stocks Beckon – Wall Street Journal
• Leaking of Strategic Facilities List Criticized – Financial Times
•Bernanke Says Fed May Take More Action to Curb Joblessness- Bloomberg
•European Officials Split Over bailout Fund Increase, EU Bond – Bloomberg
EURUSD: Investor confidence in the 16 member euro area fell to 9.7 in December from 14.0 in November amid expectations of 11.0 as debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Extends Losses, Plunging More Than 1%

Posted: 06 Dec 2010 03:33 AM PST

Forex Pros – The euro extended losses against the U.S. dollar on Monday, tumbling more than 1%, as European officials appeared divided over what steps to take in order to halt the sovereign-debt crisis in the single currency bloc.

EUR/USD hit 1.3251 during European morning trade, a fresh daily low; the pair subsequently consolidated at 1.3253, plunging 1.20%.

The pair was likely to find short-term support at 1.3192, Friday's low and resistance at 1.3632, the high of November 23.

On … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Drops To Daily Low As Greenback Rallies

Posted: 06 Dec 2010 03:17 AM PST

Forex Pros – New Zealand's dollar was down against its U.S. counterpart on Monday, dropping to a daily low as the U.S. dollar staged a broad rally after remarks by Federal Reserve Chairman, Ben Bernanke.

NZD/USD hit 0.7586 during European morning trade, the daily low; the pair subsequently consolidated at 0.7602, shedding 0.76%.

The pair was likely to find support at 0.7453, last Thursday's low and resistance at 0.7673, Friday's high.

In an interview with CBS’s “60 Minutes” aired … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Investor Sentiment: This Is Not The Consensus Opinion

Posted: 05 Dec 2010 10:33 AM PST

Several weeks ago I watched a video where Maria Bartiromo of CNBC interviewed Gary Shilling of A. Gary Shilling and Company.  Bartiromo was soliciting Shilling about his opinion on the housing market, and as you can imagine, Shilling was less than sanguine, and in fact, he was calling for further declines in prices.  Shilling was clearly at odds with other analysts, and Bartiromo asked (and I paraphrase): “You realize your opinion is at odds with all the other analysts out … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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