Wednesday, January 19, 2011

DailyMarkets.com - Another Spoke In The Wheel Broken – SP-500

DailyMarkets.com - Another Spoke In The Wheel Broken – SP-500

Another Spoke In The Wheel Broken – SP-500

Posted: 19 Jan 2011 05:24 PM PST

Today the advance decline ratio reached 89% and it was not a good day to begin a new trading strategy  :-)  The only reason my account actually showed a profit for today was due to my short the SP-500 via a futures contract (/ES) which has 50:1 leverage. I did however buy a couple of stocks and we will get to that in a minute.

This is the daily chart of the SP-500 and with the excessive bullish sentiment carrying on yet another week, I have the feeling the upcoming correction is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brazil Central Bank Lifts Selic Rate 50bps To 11.25%

Posted: 19 Jan 2011 04:57 PM PST

The Banco Central do Brasil lifted the Selic (main policy interest rate) rate 50 basis points to 11.25% from 10.75% as inflationary pressures continue to build in the fast growing “BRIC” economy. Brazil saw a 2010 calendar year inflation figure of 5.91% vs the official target of 4.5% and up from 4.31% in 2009. The move was the first change since the new Central Bank President, Alexandre Tombini, took the helm of the Banco Central do … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, December 19, 2011

Posted: 19 Jan 2011 04:57 PM PST

The market had one of its worst recent sessions in a while on above average participation from investors today. Many more stocks declined than rose but the trend in the number of stocks making new lows on the NYSE declined for the second session in a row after rising for a few sessions. We are raising the support levels but lowering the resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below). Investor fear picked up on the Volatility Index (the VIX) as it was able to clear … [visit site to read more] or compare Best Credit Cards and Best CD Rates

5 Reasons Not To Worry About Apple

Posted: 19 Jan 2011 04:05 PM PST

We all saw the initial earnings surprise.
We all saw the stock pop on the news.
So why the heck did Apple (NASDAQ:AAPL) actually drop on Wednesday???
Here are 5 reasons why with plenty of ammo to help you slough it off and get prepared for greater highs with this stock.
1) People are Still Worried About Steve Jobs’ Health: Jobs is clearly the guy who put Apple on the map. And arguably one of the top CEOs of all time. But given the stock’s stellar performance from his previous medical leaves, there … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Existing Homes, Jobless Claims, Leading Indicators, Philadelphia Fed Survey, Chinese 4Q GDP

Posted: 19 Jan 2011 04:00 PM PST

01/20/10 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

Contracts In Jacobs’ Bag

Posted: 19 Jan 2011 03:35 PM PST

Jacobs Engineering Group Inc. (NYSE:JEC) has won two contracts: one from Los Angeles World Airports (LAWA) and the other from Minnesota Department of Transportation.
According to the contract, Jacobs will be assisting LAWA with its management implementation support services. The latter contract was for $125.3 million to provide engineering services for the Trunk Highway 169/Interstate 494 Interchange. In the second contract Jacobs will act as a design leader along with C.S. McCrossan Construction, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mindray At Arab Health 2011

Posted: 19 Jan 2011 03:35 PM PST

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) has announced that it will participate in Arab Health 2011, slated to be held in Dubai from January 24-27, 2011. Arab Health is the largest health care trade show in the Middle East with more than 2,700 exhibitors and around 66,000 visitors from across the globe having attended the event in 2010.
Mindray plans to showcase more than 50 devices from its three major product segments at Arab Health 2011. Key products … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plexus Beats By A Penny

Posted: 19 Jan 2011 03:35 PM PST

Plexus Corp. (NASDAQ:PLXS) reported first quarter 2011 diluted earnings per share of 61 cents, a penny more than Zacks Consensus Estimate and up 38.6% from the year-ago quarter. However, on a sequential basis, earnings decreased 6.2%. The earnings was within the range of 56 cents to 62 cents that was estimated by the management.
Quarter in Detail
Revenue of $566.0 million for the quarter failed to surpass the Zacks Consensus Estimate of $574.0 million but was within the management's guidance range … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Small Caps More Sensitive To Domestic Economic Conditions

Posted: 19 Jan 2011 03:17 PM PST

Cusick's Corner
The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in the Small Cap index will be affected. As previously noted, these markets have been oversold for awhile, so a pullback and consolidation (or break if you want to call it), makes sense but we want to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Ideas For Thursday, January 20

Posted: 19 Jan 2011 03:10 PM PST

( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) made a nice move today on volume and made a 52 week high but could not hold it on the close. I want to watch the stock again tomorrow, because the stock is strong and getting stronger every day it seems. If it can close above $51.03, then expect more upside. The daily chart shows IDCC  is on a strong bull market as the stock is trading above 50 day and 200 day moving with both moving average pointing upwards. I think the stock should … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arch Hunts To Boost Exports

Posted: 19 Jan 2011 03:05 PM PST

Coal miner Arch Coal Inc. (NYSE:ACI) has tied up with a Canadian Crown Corporation, Ridley Terminals Inc., to execute its strategy of improving coal exports to the Asia-Pacific region. Arch Coal's deal with the Canadian Corp. gives it access to a marine terminal located near Prince Rupert, British Columbia.
The five-year agreement with Ridley provides Arch a throughput capacity at the terminal of up to 2 million metric tons of coal for 2011 and up to 2.5 million metric tons of coal for 2012 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Covidien Intros EverFlex+ In Europe

Posted: 19 Jan 2011 03:05 PM PST

Leading health care products maker Covidien plc (NYSE:COV) has introduced its EverFlex+ self-expanding peripheral stent system in Europe. The new system represents the advanced version of the company's EverFlex stent technology for treating peripheral arterial disease. The launch underscores Covidien's sustained commitment to bringing in the latest technologies for treating vascular diseases.     
The next-generation EverFlex+ system reinforces Covidien’s family of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ONEOK Issues 2011 Outlook

Posted: 19 Jan 2011 03:05 PM PST

Diversified energy utility ONEOK Inc. (NYSE:OKE) recently put forward its 2011 earnings expectations and for its master limited partner (MLP) ONEOK Partners L.P. (NYSE:OKS). At the same time, the company also reiterated its earnings forecast for 2010 while it provided higher 2010 forecasts for its MLP.
ONEOK stated that its net income for 2010 will stand at the high-end of its previously provided guidance range of $320 – $335 million. However, the company said net income at ONEOK Partners will now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arch Hunts To Boost Exports

Posted: 19 Jan 2011 02:35 PM PST

Coal miner Arch Coal Inc. (NYSE:ACI) has tied up with a Canadian Crown Corporation, Ridley Terminals Inc., to execute its strategy of improving coal exports to the Asia-Pacific region. Arch Coal's deal with the Canadian Corp. gives it access to a marine terminal located near Prince Rupert, British Columbia.
The five-year agreement with Ridley provides Arch a throughput capacity at the terminal of up to 2 million metric tons of coal for 2011 and up to 2.5 million metric tons of coal for 2012 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EQY Teams Up To Add To Its Kitty

Posted: 19 Jan 2011 02:35 PM PST

Equity One Inc. (NYSE:EQY), a real estate investment trust (REIT) that owns, manages and develops neighborhood and community shopping centers in the U.S., has recently formed two joint ventures with privately-held companies to acquire three shopping centers in the U.S.
The company's equity investment in both the joint ventures is worth approximately $37.3 million. The acquisition is part of the long-term strategy of  Equity One to own high-quality malls in major metropolitan markets with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ball Corporation Acquires Aerocan

Posted: 19 Jan 2011 02:05 PM PST

Announced in December 2010, Ball Corporation (NYSE:BLL) has completed the acquisition of Aerocan SAS from Barclays Private Equity for approximately 221 million euros ($293 million), including assumption of debt and other liabilities.
Aerocan is an European manufacturer and the largest supplier of aluminum aerosol cans and bottles as well as aluminum slugs (raw material in the production of cans). Further, the company caters to diverse sectors like personal care, pharmaceutical, health, beverage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic Redesigns Trial

Posted: 19 Jan 2011 02:05 PM PST

Leading medical devices player Medtronic (NYSE:MDT) has made some changes to the trial design of its CoreValve system in the US. The company has already received conditional approval from the US Food and Drug Administration (FDA) for its revised trial design.
The CoreValve trial in the US includes two studies, carried out on two types of patient populations – one having high risk for aortic valve surgery and the other extreme-risk patients. Subsequent to changes in the trial design, patients at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rockwell To Purchase Hiprom

Posted: 19 Jan 2011 02:05 PM PST

Milwaukee, Wisconsin based Rockwell Automation, Inc. (NYSE:ROK) will acquire Johannesburg based Hiprom, a leading process control and automation systems integrator. The acquisition is expected to close during the first quarter of 2011 pending approval of regulatory authorities in South Africa.
Rockwell Automation Systems & Solutions business unit will absorb Hiprom's management team and all its 100 employees.
Hiprom customers primarily comprise top global mining firms with precious metal and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Accenture’s Health Care Win

Posted: 19 Jan 2011 02:05 PM PST

Accenture plc (NYSE:ACN) recently signed a two-year information technology contract with the Office of the National Coordinator (ONC) for Health Information Technology. Per the contract, Accenture will extend its services to determine the specifications and standards required to ease data processing and exchange across the U.S. health care system. Financial terms of the contract were not divulged.
As an integral part of the U.S. Department of Health and Human Services, ONC provides resources to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 19 Jan 2011 01:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3472, up 0.63% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.41% to hit 0.8422 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bell Ringer

Posted: 19 Jan 2011 01:44 PM PST

(Image: source.)
A(nother) bell-ringing moment for the so-called recovery?

“Economic Recession Lingers at Salvation Army Food Programs” (PRNewswire)

94 Percent Report Increased Demand for Assistance as Charitable Donations Stagnate
Despite officially ending in June 2009, the economic recession is having a lasting impact on people across the country, according to a new report released by The Salvation Army [yesterday]. According to a survey conducted in the fourth quarter of 2010, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 19 Jan 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.

USD/JPY was trading at 82.00, down 0.67% at time of writing.

The pair was likely to find support at 81.85, today's low, and resistance at 83.06, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.66% to hit 1.3475 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Omnicom Crafts New Web

Posted: 19 Jan 2011 01:35 PM PST

Digital marketing agency of Omnicom Group Inc. (NYSE:OMC), Critical Mass, introduced an integrated new web brand experience for Theodore Alexander, a renowned craftsman. Omnicom launched a new website with an updated logo and corporate color palette for Alexander's luxury brand. This new agreement adds another client to the basket.
Omnicom's key growth strategy is to enhance its client's base, which is its major focus. Further, Omnicom also has a strategy to acquire complementary companies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: GS, STT, X

Posted: 19 Jan 2011 01:30 PM PST

01/19/11  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

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 19 Jan 2011 01:25 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3468, up 0.61% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8420 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Excess Capacity Could Hinder Lithium ETF

Posted: 19 Jan 2011 01:18 PM PST

Supply growth for lithium has been on the rise, which could potentially lead to an overcapacity of the metal threatening the industry and pushing prices down and possibly sending the Global X Lithium ETF (LIT) into a tailspin. 
According to lithium consulting group, TRU Group Inc., production of lithium has escalated to nearly double what industry demand will need over the next ten years.  To put it into perspective, the consulting firm states that lithium pipeline projects and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 0.11%

Posted: 19 Jan 2011 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Wednesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.11%, the S&P 500 index shed 1.01%, while the Nasdaq 100 index declined 1.09%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.90%; Germany's DAX shed 0.85%; Britain's FTSE 100 declined 1.32%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Femtocell: The Emerging Wave

Posted: 19 Jan 2011 01:06 PM PST

Femtocell is rapidly emerging as a fundamental technology enabler in the deployment of next-generation (3G/4G) wireless network infrastructure. A femtocell is a small cellular base station, typically designed for use in a residential or small business environment. This access point communicates to the wireless service providers' network through a broadband connection.
Using femtocell, a wireless operator can improve both coverage and capacity especially in an indoor area, where access would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GHDX Advances Cancer Program

Posted: 19 Jan 2011 01:06 PM PST

Genomic Health (NASDAQ:GHDX), an oncology-based biotech company, plans to fast-track its prostate cancer clinical development program aimed at launching a test in 2013, earlier than the previous plan of 2014. Increased focus on the program is based on encouraging results from a large gene identification study, the results of which were presented in December at the Society for Urologic Oncology (SUO) annual meeting.
Genomic Health is focused on developing a test for prostate cancer patients, which in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session

Posted: 19 Jan 2011 12:45 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5987, up 0.15% at time of writing.

The pair was likely to find support at 1.5810, Friday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.42% to hit 0.8424 and GBP/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Real Economic Lesson China Could Teach Us

Posted: 19 Jan 2011 12:41 PM PST

Highlighting today's summit between Chinese President Hu Jintao and President Obama is China's agreement to buy $45 billion of American exports. The President says this will create more American jobs. That's not exactly right. It will create more profits for American companies but relatively few new jobs.
Nearly half of the deal is for two hundred Boeing aircraft whose parts come from all over the world. The rest involves agricultural commodities that don't require much U.S. labor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RightNow Aquires Q-go

Posted: 19 Jan 2011 12:35 PM PST

RightNow Technologies Inc (NASDAQ:RNOW) has agreed to acquire Q-go.com B.V., a natural language search solutions provider. This will add approximately $8 million in revenue for 2011. Q-go's edge technology delivered higher conversion rates, increased revenue and improved web visitor experiences for corporations.
The company has also guided revenue of approximately $51 million, recurring revenue of approximately $41 million and non-GAAP earnings per share of approximately 16 cents for the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fluor Gets $3.5 Billion Contract

Posted: 19 Jan 2011 12:35 PM PST

Fluor Corporation (NYSE:FLR) has been awarded an engineering, procurement and commissioning contract by Santos Ltd. for its Gladstone Liquefied Natural Gas project in Queensland, Australia.
The contract aims to provide upstream facilities associated with the 7.8 million tonne-per-year liquefied natural gas project that will extract and liquefy gas from coal deposits for export to Asia and other global markets.
The value of the contract is $3.5 billion.
Fluor stands out as one of the few … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comcast Seeks Content & Distribution

Posted: 19 Jan 2011 12:35 PM PST

Comcast Corp. (NASDAQ:CMCSA) is all set to become a media powerhouse armed with a unique control over both content and distribution network.
Yesterday, in a history setting development that may change the whole landscape of the media/pay TV industry, the U.S. Justice Department and five state attorney generals together with the regulator Federal Communications Commission (FCC), approved the proposed acquisition of the majority stake of NBC Universal by Comcast. The deal is now expected to be finally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

01/19 FX Options Report

Posted: 19 Jan 2011 12:30 PM PST

EUR/USD extended gains, trading at 2-month highs. US housing starts came in mixed, as investors digested the latest earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Energy Goes Green

Posted: 19 Jan 2011 12:05 PM PST

Duke Energy Corporation (NYSE:DUK) and China-based ENN Group will collaborate to develop technologies to help build greener cities in China and the U.S. With this purpose the two companies have inked an agreement – Future Energy Technology Demonstration Platform.  
The agreement is a win-win situation for both the companies, which brings together a joint goal of focusing on electricity produced via cleaner generation technologies, energy storage, energy efficiency, energy recovery and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Drug Retailers Targeting Flu Season

Posted: 19 Jan 2011 12:05 PM PST

Although the severe H1N1 alarm will not mark this year's flu season, drug retailers such as Walgreen (NYSE:WAG) and CVS Caremark Corporation (NYSE:CVS) are gearing up to tackle this year's flu season. Walgreen’s is preparing to provide flu shots to more customers and has also increased advertising to meet the objective.
According to the company, the major difference between this year's flu season compared to last year is associated with the flu shot required – currently, a person will be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The U.S. Session

Posted: 19 Jan 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9956, up 0.44% at time of writing.

The pair was likely to find support at 0.9838, Tuesday's low, and resistance at 0.9978, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.59% to hit 1.3466 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Precious Metals: 10 Things To Know Before Jumping Into Gold And Silver

Posted: 19 Jan 2011 11:54 AM PST

As the global economy became increasingly unstable during 2010, investors all over the world flocked to precious metals such as gold, silver, copper and platinum.  The price of gold set an all-time record high last year, and gold investors were euphoric.  Many analysts are projecting that prices for gold, silver and other precious metals will continue to soar throughout 2011.  But does that mean that everyone should just suddenly jump into gold and silver?  No, it does not.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Linear Tech Surpasses Estimates

Posted: 19 Jan 2011 11:35 AM PST

Linear Technology Corp. (NASDAQ:LLTC) reported second quarter 2011 diluted earnings of 70 cents per share (according to non-GAAP figure provided by the company) beating Zacks Consensus Estimate of 58 cents per share and also increased 70.7% from year-ago quarter of 41 cents. This also compares favorably with the prior-quarter earnings of 67 cents.
On a GAAP basis, the diluted earnings came at 62 cents that bettered the previous quarter earnings of 59 cents.
Quarter in Detail
Revenue for the reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hudson City Beats Marginally

Posted: 19 Jan 2011 11:35 AM PST

Hudson City Bancorp's (NASDAQ:HCBK) fourth-quarter earnings came in at 25 cents per share, slightly ahead of the Zacks Consensus Estimate of 22 cents. This also compares unfavorably with the earnings of 28 cents in the prior-year quarter.
The results were primarily affected by lower interest and dividend income, and increased non-interest expense. However, lower interest expense, stable provision for loan losses and a substantial increased non-interest income were among the positives.
For full … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Earnings Mixed

Posted: 19 Jan 2011 11:18 AM PST

Cusick's Corner
Looks like the market is following that short-term trend I have been discussing in the last few Corners: challenge to the upside on good/great earnings, pulling back now at 1283 on SPX and on the way to mid month lows, then on to possibly consolidate for a period until longs can muster a resumption bid. I would not be surprised if we have some additional challenge to the downside today and going into this expiration week. The Financials have been a catalyst for the market's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The U.S. Session

Posted: 19 Jan 2011 11:15 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3479, up 0.69% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.47% to hit 0.8428 and EUR/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amphenol Beats Zacks Estimate

Posted: 19 Jan 2011 11:05 AM PST

Amphenol Corporation (NYSE:APH) posted net income of $131.1 million or 74 cents per share in the fourth quarter of fiscal 2010 compared with a net income of $87.6 million or 50 cents per share in the year-earlier quarter, beating the Zacks Consensus Estimate of 73 cents.
Based in Connecticut, Amphenol designs, manufactures and markets electronic and fiber optic connectors, cable and interconnect systems.
Sales came in at $949.9 million, up 25% from the year-earlier quarter and surpassed the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northern Trust Lags Estimates

Posted: 19 Jan 2011 11:05 AM PST

Northern Trust Corporation's (NASDAQ:NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 71 cents per share. The decrease was attributable to low interest rate environment, which in turn, was negatively affected by net interest income and trust fees.
In the fourth quarter of 2010, earnings per share benefited from the reduction of an indemnification liability related to Visa Inc. (NYSE:V). The related pre-tax expense reduction summed up to $20.3 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Western Digital Surpasses Estimates

Posted: 19 Jan 2011 11:05 AM PST

Western Digital Corp. (NYSE:WDC) reported fiscal second quarter 2011 earnings of 96 cents per share, comprehensively beating Zacks Consensus Estimate of 58 cents per share. Earnings decreased 48.1% year-over-year but it increased 14.3% sequentially.
Western Digital's revenue of $2.48 billion also surpassed Zacks Revenue Estimate of $2.35 billion. Management cited that the better-than-expected results reflected on solid execution and improvement in hard drive industry conditions compared with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Financials…if You’re A Long-term Investor, Probably A Good Time To Buy”

Posted: 19 Jan 2011 10:59 AM PST

01/19/10 Sunrise Securities’ Ben Willis weighs in on the latest earnings, and discusses expectations for Chinese President Hu Jintao’s US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four Videos

Posted: 19 Jan 2011 10:39 AM PST

1. A young British dude tries to see if he can make a basic appliance like a toaster to demonstrate the advantages of comparative advantage, specialization and the fallacy of economic self-sufficiency.

2. Watch how a memory chip is made, starting in Utah, ending in Asia, and then available in your local retail store.

3. Dan Mitchell on how to save Social Security with Personal Retirement Accounts.

4. “Random Walk Down Wall Street” author Burton Malkiel appears on John … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Bancorp Reports In Line

Posted: 19 Jan 2011 10:35 AM PST

U.S. Bancorp (NYSE:USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate.
Quarterly results of U.S. Bancorp's reflected growth in revenues, as a result of the business growth initiatives taken by the company, including acquisitions. Credit metrics also showed improvements. However, the positives were partially … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BNY Mellon Falls Just Short

Posted: 19 Jan 2011 10:35 AM PST

The Bank of New York Mellon Corporation's (NYSE:BK) fourth-quarter earnings from continuing operationsof 55 cents per share came in 2 cents below the Zacks Consensus Estimate of 57 cents.
BNY Mellon experienced sequential and year-over-year increases in assets under custody and administration during the reported quarter, reflecting the impact of higher equity markets and new business. Increased fee revenue, improved provision for credit losses and continued strong asset inflows were also among … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session

Posted: 19 Jan 2011 10:35 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0028, up 0.34% at time of writing.

The pair was likely to find support at 0.9857, Friday's low, and resistance at 1.0078, today's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.41% to hit 1.3451 and AUD/JPY falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Falls To Trendline And Fibo Support Level

Posted: 19 Jan 2011 10:30 AM PST

The “Chianamese Twins” Are Making A Deal

Posted: 19 Jan 2011 10:28 AM PST

The top officials of the two most powerful nations on earth are to meet today and tomorrow in matters of far-reaching significance. Behind the photo-ops and the speeches there is one basic reality: China and America are joined inseparably at the hip, like conjoined twins. As in all such pairings, each head can have its own separate and distinct personality. The fact remains you can call one capitalism and the other communism, but both heads are mutually dependent on a single life support … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three-legged Bears Tackle Emerging Markets Options

Posted: 19 Jan 2011 10:23 AM PST

Three-legged bears tackle emerging markets options
Today’s tickers: EEM, MRVL, BCSI & XRT
iShares MSCI Emerging Markets Index ETF (EEM) – A number of large-volume spreads on the emerging markets fund this morning signal investor pessimism on the sector through February expiration. Shares of the EEM, an exchange-traded fund designed to measure equity market performance in the global emerging markets, fell 0.50% to $47.62 by 12:20pm in New York. Three-legged bearish spreads, wherein … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Testing 100 Hour MA Support. Is It Time To Break Down? Or Will Support Hold Again?

Posted: 19 Jan 2011 10:20 AM PST

The EURJPY is down testing the 100 hour MA support level at the 110.40 level. Earlier the moving average was tested but could not solicit selling interest. With the USDJPY reaching new lows and now through the 81.96 support, this is pressuring the pair. The question is, can the EURUSD also break through intraday support at the 1.3486 level. If selling pressure materializes, the combination could be right for a wander down for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wells Fargo A Penny Short

Posted: 19 Jan 2011 10:05 AM PST

Wells Fargo & Company's (NYSE:WFC) fourth quarter 2010 operating earnings came in at 61 cents per share, almost in line with the Zacks Consensus Estimate of 62 cents and slightly above the prior quarter's 60 cents though significantly higher than the year-ago quarter's earnings of 8 cents per share.
Quarterly results reflect a better-than-expected increase in revenues. Also, the company experienced a decent reserve release of $850 million as a result of improved portfolio performance. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ariad Scores With SUCCEED

Posted: 19 Jan 2011 10:05 AM PST

Ariad Pharmaceuticals Inc.'s (NASDAQ:ARIA) pipeline received a boost when its lead cancer candidate ridaforolimus fared well in a late-stage study, SUCCEED. Ridaforolimus has been licensed to Merck & Co. (NYSE:MRK) and is being developed as a treatment for cancer.
The study evaluated the candidate in patients suffering from metastatic soft-tissue or bone sarcomas under the US Food and Drug Administration's (FDA) Special Protocol Assessment (SPA) program. The patients had favorably responded to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LeapFrog Trims 2010 Outlook

Posted: 19 Jan 2011 10:05 AM PST

Emeryville, California-based LeapFrog Enterprises, Inc (NYSE:LF) reduced its guidance for 2010 based on its preliminary results for the year. The company will report its full results on February 10, 2011.
The educational toy company expects sales to increase 13% to 14% year over year in 2010, below its previous forecast of 15-20% as demand for toys dipped after a strong start to the holiday season. We believe the demand was low due to tough weather conditions.
Moreover, LeapFrog experienced soft … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session

Posted: 19 Jan 2011 10:00 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.

NZD/USD was trading at 0.7712, down 0.08% at time of writing.

The pair was likely to find support at 0.7635, Friday's low, and resistance at 0.7788, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.31% to hit 1.2988 and EUR/NZD rising 0.80% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.85%

Posted: 19 Jan 2011 09:55 AM PST

Forex Pros – European stocks were down after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 0.85%, London's FTSE 100 shed 1.32%, France's CAC 40 declined 0.90% and the EURO STOXX 50 was down 0.74%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.14%; the S&P 500 index shed 0.82%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Courtney Chamberlain Of Minera IRL Sets The Gold Standard For Mine Developers

Posted: 19 Jan 2011 06:53 AM PST

When Courtney Chamberlain watched the first gold pour at his company's Corihuarmi mine, high in the central Andes of Peru, it marked a major milestone in his strategy to build a mid-tier mining company. By coincidence, the start of production in March 2008 came in the same week that the gold price broke through the $1,000 per ounce barrier for the first time ever.

By the usual standards of the executive chairman of London and Lima listed Minera Irl (LON:MIRL) , Corihuarmi is a modest … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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