Thursday, January 20, 2011

DailyMarkets.com - 4 Ways Credit Cards Can Help Protect Your Purchases

DailyMarkets.com - 4 Ways Credit Cards Can Help Protect Your Purchases

4 Ways Credit Cards Can Help Protect Your Purchases

Posted: 20 Jan 2011 07:35 AM PST

Think credit cards merely offer a convenient way of paying for your purchases? Think again.

Credit cards not only let you earn cashback (cash back credit cards) or rewards (rewards cards) on your spending, they can also protect your purchases – a great advantage which you can’t find in debit cards.

Many credit cards include various safeguards on purchases in order to protect your interests. Not all credit cards have these benefits, so you have to read the fine print of your card to see if … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Thursday: Apple, Wells Fargo, American Express, Goldman Sachs, IBM, JP Morgan, Mannkind, BHP Billiton

Posted: 20 Jan 2011 07:14 AM PST

China’s Q4 GDP rose a stronger-than-expected 9.8% year-over-year, reinforcing fears Beijing will move to further tighten monetary policy (and hence slow economic growth) in an effort to put a lid on inflationary pressure. Mining, energy and car stocks have come under pressure on European Bourses as a result & airlines names are offered on the back of Easyjet's sluggish numbers.

US Session Yesterday
So the incredible ride may be coming to an end.  After having gone almost two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Abbott Laboratories, International Business Machines, State Street Corp, Stilwell Financial, USX, ADTRAN, DepoMed, Nektar Therapeutics, Northern Trust Corporation

Posted: 20 Jan 2011 07:05 AM PST

 Share prices of tech major IBM (NYSE:IBM) rose by 3.35% after the company posted excellent earnings figure on Tuesday night

 Adtran Inc (NASDAQ:ADTN) increased 6.56% to end at $42.25 after the company posted an  increased sales figures for the fourth quarter that came in above expectations

 Shares of Northern Trust Corp (NASDAQ:NTRS) had fallen by 5.6% while State Street Corp (NYSE:STT) fell 4.12%

 In other news, share prices of Janus Capital Group Inc (NYSE:JNS) fell by 4.36%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: McDonald’s

Posted: 20 Jan 2011 07:05 AM PST

Oak Brook, Illinois-based McDonald's Corporation (NYSE:MCD) is slated to release its fourth-quarter and fiscal 2010 results on January 24, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is $1.16 per share on revenue of $6.19 billion.  For 2010, the Zacks Consensus Estimates of earnings and revenue are $4.60 and $24.1 billion, respectively.
With respect to earnings surprises, over the trailing four quarters, McDonald's has outperformed the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MannKind In Jeopardy

Posted: 20 Jan 2011 07:05 AM PST

MannKind Corp. (NASDAQ:MNKD) recently suffered a major setback with the US Food and Drug Administration (FDA) issuing a complete response letter (CRL) for its new drug application (NDA) for type I and type II diabetes treatment Afrezza. MannKind's share price plummeted 44% in after hours trading, following the announcement of the news.
We note that Afrezza utilizes MannKind's proprietary dry powder Technosphere insulin formulation. It is inhaled deep into the lungs using the company's MedTone … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EBay Tops, Shares Up

Posted: 20 Jan 2011 06:35 AM PST

After the market closed yesterday, eBay Inc. (NASDAQ:EBAY) reported fourth quarter earnings of 45 cents that beat the Zacks Consensus by 3 cents or 8.2%. This was in line with the average positive surprise of 8.2% reported in the four preceding quarters. eBay shares were up 3.02% in response.
The analyst community showed a great deal of confidence in their expectations for eBay, as reflected in the lack of estimate revisions over the past few months. However, eBay reported a positive surprise, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinder Morgan’s Profit Up

Posted: 20 Jan 2011 06:35 AM PST

Kinder Morgan Energy Partners L.P. (KMP) reported adjusted fourth quarter earnings of 46 cents per limited partner unit, well above the year-earlier quarter's results as well as the Zacks Consensus Estimate of 42 cents. The quarterly results were driven by increased oil prices and expanded natural-gas pipeline network.
Revenue in the quarter increased to $1,926.6 million from $1,910.9 million in the year-ago quarter. However, the quarter's figure was well below the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

F5 Networks’ Bottom Line Grows

Posted: 20 Jan 2011 06:35 AM PST

F5 Networks Inc. (NASDAQ:FFIV) posted decent first quarter fiscal 2011 earnings per share (EPS) of 68 cents, beating the Zacks Consensus Estimate of 65 cents. The increase in earnings was attributable to solid revenues fueled by the growing demand for the company's products.
Revenues
F5 Networks reported revenues of $268.9 million in the first quarter, up 40.6% from $191.2 million in the year-ago period and 5.7% from $254.3 million in the prior quarter. The quarter's revenue was on the lower end … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Moves Above 100 Hour MA At 0.9611

Posted: 20 Jan 2011 06:13 AM PST

Sallie Mae Tops Zacks Estimate

Posted: 20 Jan 2011 06:08 AM PST

SLM Corp. (NYSE:SLM), better known as Sallie Mae, reported fourth quarter 2010 core earnings of $401 million or 75 cents per share, ahead of the Zacks Consensus Estimate of 72 cents. The results compare favorably with prior-year quarter's core earnings of $268 million or 44 cents per share. Favorable results were primarily driven by decrease in loan loss provisions and gains from repurchasing debt. During the quarter, the company repurchased $1.3 billion of debt with realized gains of $118 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Extends Gains After Strong U.S. Jobs Report

Posted: 20 Jan 2011 06:08 AM PST

Forex Pros – The U.S. dollar extended gains against its Canadian counterpart on Thursday, advancing to a fresh nine day high after official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected.

USD/CAD hit 1.0012 during European afternoon trade, the pair's highest since January 7; the pair subsequently consolidated at 1.0007, gaining 0.55%.

The pair was likely to find support at 0.9888, Wednesday's low and resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Held In A Flag Pattern With A Bullish Outlook

Posted: 20 Jan 2011 06:07 AM PST

GBP/USD

- The GBP/USD developed a flag pattern after rallying since 1/7/2011.
- The 1H chart shows the pair pushing back towards 1.59 or a bit lower where we will test a rising trendline (seen more clearly in the 4H chart).
- The RSI has broken below 40, and suggests we are in a bit of a correction from the rally. The question is where will this correction take the pair. We have not even seen 38.2% retracement of the rally since 1/7. If we have a zig zag type correction, the market can … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Runs Into Important Resistance At 82.73-75

Posted: 20 Jan 2011 06:03 AM PST

The USDJPY has run into key ressitance at the 82.73-75 area.  This level corresponds to the 200 hour MA (green line), trendline resistance and the 50 Fibonacci retracement on the hourly chart.   Look for the level to solicit profit taking selling/intra day sellers.
On the downside, if the bullish bias is to remain, look for support buyers against the 100 hour MA at the 82.49 level (blue line in the chart above).  If the price moves back below the 100 hour MA, all bets are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Moves To Test Support At 1.5930-36

Posted: 20 Jan 2011 05:54 AM PST

The GBPUSD has been more supported in the market of late as higher inflation and austerity package discipline has kept the currency boosted. The better US data has led to a move down to test the 100 hour MA at the 1.5934 level currently. The low near the close from Tuesday is also near the level at 1.5930.  This will be a key technical level today for the pair.  A break should solicit more selling, but look for initial buying on a test to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

An End To The Dreaded Stadium Beer Line

Posted: 20 Jan 2011 05:53 AM PST

 
These two videos show the amazing "Bottom's Up Draft Beer Dispensing System,” which "pours" a draft beer nine times faster than traditional methods and dramatically reduces spillage. It’s made by a Washington start-up company named GrinOn Industries, whose president Josh Singer saw it a way to end the dreaded stadium beer line, according to Yahoo Sports.

“The key is the use of a cup that features a hole at the bottom and small, circular magnet that rests over it. When placed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Wholesale Sales Jump More-than-expected In November

Posted: 20 Jan 2011 05:45 AM PST

Forex Pros – Canadian wholesale sales rose more-than-expected in November, increasing for the fourth consecutive month, official data showed on Thursday.

In a report, Statistics Canada said wholesale sales rose by 1.2% in November, after rising by 0.3% in October, whose figure was revised up from 0.0%.

Analysts had expected Canadian wholesale sales to rise by 0.4% in November.
 
According to the data, Canadian wholesale sales totaled CAD45.7 billion in November. The increase in sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Varian’s RapidArc Comes To Africa

Posted: 20 Jan 2011 05:35 AM PST

Varian Medical Systems (NYSE:VAR), a leading integrated radiotherapy systems maker, recently announced that a prostate cancer patient has become the first individual in sub-Saharan Africa to receive treatment with its RapidArc technology. The patient was treated at the Netcare Unitas Hospital, the largest private hospital in the region, located in Centurion, a suburb of Pretoria. 
Tecmed Africa (Pty) Ltd represents Varian in sub-Saharan Africa. Since it started operations in 1992, it has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADTRAN Beats On Record Revenue

Posted: 20 Jan 2011 05:35 AM PST

ADTRAN Inc. (NASDAQ:ADTN), a global provider of networking and communications equipment, reported fourth quarter earnings of 56 cents per share surpassing the Zacks Consensus Estimate of 44 cents. The quarter's results also improved from 29 cents per share earned in the year-ago quarter on strong revenue.
Net profit shot up 93% year over year to $36.0 million from $18.6 million in the year-ago quarter. Results from the company's Broadband Access, Internetworking categories and Optical Access … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Initial Jobless Claims Fall More-than-expected

Posted: 20 Jan 2011 05:35 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, dropping the most since February 2010, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 15 fell to a seasonally adjusted 404K, after rising to 441K in the preceding week, whose figure was revised down from 445K.

Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will China’s Strong Data Mean More Tightening And Weaker AUD, NZD, CAD?

Posted: 20 Jan 2011 05:19 AM PST

Stronger Than Expected Growth Creates Worries over More Hawkish Bank of China
In the Asian session we saw China release its monthly economic indicators on inflation, production, sales, and GDP. Growth accelerated to an annual pace of 9.8% during the 4th quarter, which was faster than expectations of 9.4% growth. Industrial production and retail sales also both came in above expectations for December. Output rose 15.7% on the year when forecasts called for a 15.5% gain, and sales were up 19.1% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro Remains Northbound Amid Investor Optimism

Posted: 20 Jan 2011 05:00 AM PST

        
Fundamental Headlines
• Spain to Ramp Up Bank Bailouts – Wall Street Journal
• U.S., China Seek New Balance – Wall Street Journal
• China Data Fuel Overheating Fears– Financial Times
• Europe's Risk Watchdog May Prove Toothless in Prevention – Bloomberg
• China's Economic Growth Accelerates, Adding to Rate Pressure – Bloomberg
EURUSD: The euro extended its two day advance against the greenback and reached a high of 1.3512 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Tests Key Resistance Amid Euro Debt Solution Hopes

Posted: 20 Jan 2011 04:50 AM PST

Forex Pros – The euro was trading just below a one month high against the yen on Thursday, as speculation that the European Financial Stability Facility could be expanded boosted sentiment towards the single currency.

EUR/JPY hit 111.10 during European afternoon trade, the pair's highest since Tuesday, the pair subsequently consolidated at 110.96, gaining 0.43%.

The pair was likely to find support at 110.30, the day's low and short-term resistance at 111.14, Tuesday's high and a one … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY Is Developing A Reverse Head And Shoulder

Posted: 20 Jan 2011 04:38 AM PST

USD/JPY

- The USD/JPY shows a possible reverse head and shoulder in development.
- This happened after the market cracked below 82.00. However, the market pushed the price back up above 82.00. (The previous US session closed at 82.00).
- Now, we have a reverse head and shoulder if the market can break above the neckline which is around 82.30.

- The USD/JPY in the 4H chart looks like it should have completed a retracement pattern. However, the market is still dominated by bears since the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals Ahead Of Flurry Of U.S. Data

Posted: 20 Jan 2011 04:27 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, ahead of the release of a flurry of U.S. economic data later in the day as strong Chinese data continued to weigh on sentiment.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.14% to hit 1.3492.

Earlier in the day, official data showed that China’s gross domestic product expanded 9.8% in the fourth quarter from a year earlier, faster than the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“I Just Can’t Trust Them…”

Posted: 20 Jan 2011 04:06 AM PST

Screw me once, shame on you!! Screw me twice, ….
You know how that works. Yes, indeed, we do know how that works. In fact, Americans know all too well that they were badly screwed by many within the financial industry. In the spirit of fairness, there were also many consumers who screwed the system by knowingly falsifying info on mortgages and loans. From both ends, the biggest loser over the course of the last decade has been our virtues of truth, transparency, and integrity. Rest assured, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Losses, Edges Cautiously Higher

Posted: 20 Jan 2011 03:26 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Thursday, easing up to a fresh daily high but gains were limited as concerns over monetary tightening by China weighed.

EUR/USD clawed back up from 1.3419, the daily low to hit 1.3501 during European morning trade, gaining 0.21%.

The pair was likely to find support at 1.3367, Wednesday's low and short-term resistance at 1.3537, Wednesday's high and a two month high.

Earlier in the day, official data showed that China’s gross … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Markets: Two Canaries Calling For Caution

Posted: 20 Jan 2011 01:00 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Over the past few days I have often referred to stock markets being overvalued on fundamentals, overbought on technicals and overbullish on sentiment. This resulted in my call for caution until such time as the risk/reward ratio adjusted to more favourable parameters.
Following investors' concerns about China's policy response to inflationary pressures of higher interest rates and tighter credit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Faber’s Special Brand Of Gloom

Posted: 20 Jan 2011 12:10 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Why the US and Europe will outperform emerging markets this year, with Marc Faber, author of the Gloom Boom & Doom Report. He also advises investors to stock up on oil or energy equities.

Faber's special brand of gloom was first posted on January 20, 2011 at 10:10 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Disregard The Amateur Warnings And Ride The Gold Bull,” Says Richard Russell

Posted: 20 Jan 2011 12:00 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The remarks below come from 86-year old Richard Russell, writer of the daily Dow Theory Letters. Russell has been bullish on gold  from just about the start of the nascent bull market in 2001.
"Lately there's been a tide of uninformed warnings to the effect that gold is in 'a dangerous bubble'. These anti-gold know-nothings haven't seen a gold bubble yet, but I'm predicting that a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stiglitz Urges South Africa To Take Action To Weaken Rand

Posted: 19 Jan 2011 11:50 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Joseph Stiglitz, economics professor at Columbia University and a recipient of the Nobel Memorial Prize in Economic Sciences, has once again encouraged South Africa to take a more interventionist stance to weaken its exchange rate, saying that commodity-rich countries are correct to actively respond to the threat posed by over-valued currencies.

Stiglitz urges South Africa to take action to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: $100 Oil – Trouble Ahead

Posted: 19 Jan 2011 10:00 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Laugh out Loud: $100 oil – trouble ahead was first posted on January 20, 2011 at 8:00 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at wordpress@investmentpostcards.com

Feed enhanced by the Add To Feed Plugin by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is South Africa Failing Where The US Is Succeeding?

Posted: 19 Jan 2011 08:50 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
By Cees Bruggemans, Chief Economist of FNB.
It is an arresting thought, expressed by Jim O'Neill of Goldman Sachs. Could the US in certain respects actually have benefited from its great financial crisis of 2008?
The reasoning is that pre-crisis the US was on an unsustainable trajectory. Its households were inclined (indeed 'persuaded') to save minimally, leverage up on debt and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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