Tuesday, January 11, 2011

DailyMarkets.com - Best Credit Card Offers For 2011

DailyMarkets.com - Best Credit Card Offers For 2011

Best Credit Card Offers For 2011

Posted: 11 Jan 2011 07:35 AM PST

To come up with a list of the best credit cards for 2011, we used DailyMarkets.com’s smart Credit Card Search Wizard which sifts through hundreds of credit cards in the US with the latest updated offers directly from banks. We tell you which are the best credit cards in different categories: Rewards, 0% balance transfer, cashback, hotel & airline, business, student. We will also recommend the best credit cards for bad or no credit.

The following are 2011's best credit card offers as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know On Tuesday: Citigroup, HSBC, Apple, Google, Verizon, DuPont, Duke Energy, BHP Billiton

Posted: 11 Jan 2011 07:28 AM PST

U.S. stocks declined for a third day Monday as a daylong advance that reversed most of a 100-point loss in the Dow fell short of erasing all the losses spurred by concern Europe's credit crisis may worsen. DuPont Co. (NYSE:DFT) and Duke Energy (NYSE:DUK) both fell at least 1.1% after announcing takeovers valued at more than $20 billion. Strayer Education found the naughty step and  led losses in for-profit education stocks, tumbling 23% after forecasting less profit than analysts estimated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Wholesale Inventories Fall Unexpectedly In November

Posted: 11 Jan 2011 07:10 AM PST

Forex Pros – U.S. wholesale inventories fell unexpectedly in November, official data showed on Tuesday.

In a report, the U.S. Census Bureau said that wholesale inventories fell by 0.2% in November, after increasing by 1.7% in October, whose figure was revised down from 1.9%.

Analysts had expected U.S. wholesale inventories to increase by 1.3% in November.

Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.21% to hit 1.2926.

Meanwhile, U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apollo’s Earnings Surge

Posted: 11 Jan 2011 07:05 AM PST

Apollo Group Inc. (NASDAQ:APOL), one of the world's largest private education providers, reported an earnings growth of 10.9% year over year to reach $1.63 in the first quarter of fiscal 2011. The result topped the year-ago earnings of $1.47 per share and also surpassed the Zacks Consensus Estimate of $1.35. On a reported basis, including one-time items, earnings came in at $1.61 compared with $1.54 in the prior-year quarter.
The Phoenix based company earned an income of $238.9 million from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New CEO For Denny’s

Posted: 11 Jan 2011 07:05 AM PST

Denny's Corporation (NASDAQ:DENN) recently announced the appointment of John C. Miller as its president and chief executive officer (CEO), effective by February 1, 2011. Miller will replace Denny's current CEO Debra Smithart-Oglesby who was serving on an interim basis since June 2010. Following the transition, Debra Smithart-Oglesby will continue to serve Denny's board.
In June last year, the former president and CEO of Denny's, Nelson Marchioli, resigned and Debra Smithart-Oglesby stepped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CHK To Cut Debt & Lower Output

Posted: 11 Jan 2011 07:05 AM PST

Chesapeake Energy Corporation (NYSE:CHK) recently announced a new strategic as well as financial plan, which cites its intent to reduce debt by 25% over the next two years through cutting back on lease acquisition and selling more assets. Consequently, it will reduce its planned production growth rate from between 30% and 40% to 25% over the next two years.
The plan includes a joint venture in the DJ/Powder River Basins, a second joint venture in Appalachia, and the initial public … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Breaks Higher.

Posted: 11 Jan 2011 07:02 AM PST

Moves above resistance at 0.9732 and now looks to test the 61.8% of the move down from teh November high to the low in December at 0.9773.  A move above that and the 100 day MA at the 0.9812 level becomes the focus

If this pair is serious about the break, the USDCHF should find support on any profit taking against the 0.9728-33 level (high from mid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Advance After The Open; Dow Jones Up 0.43%

Posted: 11 Jan 2011 07:01 AM PST

Forex Pros – U.S. stocks were up after the open on Tuesday, following upbeat corporate earnings reports and after the European Central Bank intervened to buy Portuguese and Irish government debt for the second successive day.

During early U.S. trade, the Dow Jones Industrial Average climbed 0.43%; the S&P 500 index gained 0.33%, while the Nasdaq Composite index was up 0.15%.

Shares in the third largest U.S. homebuilder Lennar soared 5.87% after it said revenue in the fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Flat Earth Society: Economist Version

Posted: 11 Jan 2011 06:52 AM PST

From Investor’s Business Daily last week, an editorial by Rick Berman of the Employment Policies Institute:

“Liberal advocacy groups who argue in favor of a higher minimum wage have a tough job: Faced with mountains of data countering their argument that wage mandates don’t cost jobs, they struggle to find their intellectual footing.

They often display a Potemkin village of 665 economists who subscribe to a theory that suggests labor costs don’t factor into hiring decisions. First compiled … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.11.2011 USD/CAD AUD/USD Gold

Posted: 11 Jan 2011 06:39 AM PST

USD/CAD in Descending TriangleResistance 1: 0.9950; R2: 0.9980; R3: 1.00-1.0020
Support 1: 0.9890; Bearish target: 0.9750 (2008 low)

- USD/CAD is in a descending triangle, with a base at 0.99-0.9890.  A break below this confirms the viability of the 0.9750 target, lows of 2008.
- Internal wave count suggests triangle patter may be complete. The fact it has traveled 2/3 of the triangle also suggests we are ready to decline further.
- The upside if the market fails to break below 0.9890 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J. C. Penney Posts Healthy Sales

Posted: 11 Jan 2011 06:35 AM PST

J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the five-week period ended January 1, 2011.
The company's comparable-store sales for December 2010 climbed 3.7%, following an increase of 9.2% and a fall of 3.8%, witnessed in November 2010 and December 2009, respectively. For the forty-eight week period, comparable-store sales rose 2.7% compared with a decline … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Advanced Micro Devices, Alcoa, AMR, Citigroup, Credit Suisse Group, Deutsche Bank AG, Fluor, HSBC Holdings Plc, Lennar, Macy’s Inc, Massey Energy Company, Patriot Coal, UBS AG, Intel, NVIDIA Corporation

Posted: 11 Jan 2011 06:35 AM PST

 Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion

 Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of  $0.02, on $860 million in revenues that topped the Zacks Consensus Estimate of $779 million

 Intel (NASDAQ:INTC) has settled a patent dispute with Nvidia (NASDAQ:NVDA), agreeing to pay $1.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Tests Yesterday’s Floor And Finds Sellers

Posted: 11 Jan 2011 06:19 AM PST

 The AUDUSD has been pressured as a result of slower China growth (Trade showed weakness), the floods which continue to keep coal production and mining stymied and last night the Trade surplus came in less than expectations. Nevertheless, the price found support against the 61.8% of the last leg higher in the pair at the 0.9811 level.  The bounce has taken the pair up to the low from yesterday 0.9884.  The failure to break this level, is leading to the bears taking control … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 11 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure

Posted: 11 Jan 2011 06:18 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: 11 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: The Upside Prevails

Posted: 11 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Looking To Break Key Trendline Resistance

Posted: 11 Jan 2011 06:10 AM PST

The price in the GBPUSD is moving above trendline resistance (see chart above) and should lead to further upside momentum. The topside targets are the highs from last week. 1.5626, 1.5645 and 1.5663 are the steps higher to target.
On the downside support at 1.5578-86 should limit the declines.  A move back below suggests the market momentum higher is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pratt & Whitney Engine Gets Certification

Posted: 11 Jan 2011 06:05 AM PST

Pratt & Whitney, a division of United Technologies Corporation (NYSE:UTX), received the Federal Aviation Administration (FAA) certification for several enhancements made to the JT8D-219 engine. These upgradations successfully completed 150 hours of endurance testing in May 2010.
The JT8D-219 engine is designed to support Boeing-707 reengining as per the Supplemental Type Certificate approved by the FAA. The first enhanced JT8D-219 engine is scheduled for delivery to Northrop Grumman in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Eagle’s Comparables Fall

Posted: 11 Jan 2011 06:05 AM PST

American Eagle Outfitters Inc.'s (NYSE:AEO) comparable-store sales for December plummeted 11.0% against a 7.0% increase in the year-earlier period. Total sales for the five weeks ended January 1, 2011, dropped 6% to $499 million from $531 million for the five weeks ended January 2, 2010.
Year to date, comparable-store sales dropped 1.0% versus a 5.0% decline in the same period last year. Total sales for the period came in at $2.82 billion, which represents an increase of 1.0% from $2.78 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Upside Seen On Fil-Estate Land (LND)

Posted: 11 Jan 2011 06:02 AM PST

The other day, the deal between the Alliance Global, Inc. (AGI) and Fil-Estate Land (LND) regarding the latter's sale of 5 billion common shares for PHP 5 billion was pushed back to January 11 unless "the two parties agree to further postpone it." Earlier today, however, no disclosure about any further delay was made, leading us to assume that the transaction was finally completed or at least was going to be closed by the end of the day. The proceeds of the sale will allow Fil-Estate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Defining Support And Resistance In Anarrow Range

Posted: 11 Jan 2011 05:54 AM PST

With the Eurozone auctions this week keeping the market contained (Spain, Italy, Portugal), and the ambiguous US employment report, the EURUSD is once again contained in a range that is less than 100 pips. The average over the last month is 130 -140 pips. The non trending nature of the market is indicative of a market that is unsure. The "big boys" are waiting.  The market is coiling. I do expect a break out with a trend like move.  I will let the market decide via the breaking … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/AUD Completes Gartley Pattern; Bearish Continuation Likely

Posted: 11 Jan 2011 05:54 AM PST

EUR/AUD Completes Bearish Gartley

4H and 1H: The double top spotted yesterday was quickly invalidated as the pull we were looking for continued higher, and eventually broke above the 1.3060 resistance, which is now support for an expected decline.
There is an expected decline because the market has completed a Gartley seen in the 1H chart.
The 4H RSI also tagged 60, and should turn lower now if the market is bearish.
In a bearish continuation scenario, the market can decline towards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Hovers Near 32-month Low As Crude Oil Rallies

Posted: 11 Jan 2011 05:50 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Tuesday, trading close to a 32-month low as the price of crude oil, Canada's largest export, rallied.

USD/CAD hit 0.9899 during European afternoon trade, the pair's lowest since Friday, the pair subsequently consolidated at 0.9909, shedding 0.23%.

The pair was likely to find support at 0.9887, the low of January 3 and a 32-month low and resistance at 0.9983, Monday's high.

Earlier in the day, crude oil prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Today’s Top Stories: ECB Defends Portuguese Bonds, AUD Pressured By Floods, UK Buoyed

Posted: 11 Jan 2011 05:48 AM PST

1. ECB Back in the Market Buying Portuguese and Irish Bonds
For the second day in a row, the ECB is stepping in to buy under-pressure euro-area government bonds from Portugal and Ireland. The news helped to boost the Euro in mid-European trading. The ECB does not want this latest round of sovereign-debt jitters to overtake the markets, and are therefore trying to keep the yield on these bonds lower.
The market now awaits tomorrow's debt auction by Portugal.
2. Japanese Finance Minister Noda … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.11.2011 – GBP/JPY EUR/JPY EUR/GBP

Posted: 11 Jan 2011 05:37 AM PST

GBP/JPY Completing a Flat?
Resistance 1: 129.50; R2: 131.15-20 (61.8% retracement); R3: 131.00
Support 1: 128.50 (cracked); S2: 128.00; S2: 127-127.35

- The GBP/JPY continues to be in a flat, rallying after a possible (c) wave. We might be done with consolidation, or we might be prematurely completing this corrective pattern – a flat.
- Looking at the 1H chart, we can see that an impulse wave has appeared after wave (c). We are in correction of that impulse wave, and therefore another … [visit site to read more] or compare Best Credit Cards and Best CD Rates

December Air Traffic Snowed In

Posted: 11 Jan 2011 05:35 AM PST

Airline traffic in the month of December was hurt by severe weather conditions across the U.S. and Western Europe. Profit for most of the airline companies was adversely affected as the companies canceled several flights due to the severe snowfall in December.
Airline traffic is measured in billions of revenue passenger miles (RPM), which means one mile flown by one passenger.
United Continental Holdings Inc. (UAL), the largest U.S. airline and the holding company for both United Airlines and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Financial Plans Stock Split

Posted: 11 Jan 2011 05:35 AM PST

To infuse greater liquidity and extend share distribution, the board of directors of  Dollar Financial Corporation (NASDAQ:DLLR) has authorized a stock split of its common stock.

Accordingly, Dollar Financial has approved a three-for-two split, which will be carried out through a stock dividend issued by the company.
Dollar Financial stated that the shareholders as on January 20 will receive one-half additional share for each share of common stock they hold on that date. Further, Dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Early Optimism Browbeats Dollar

Posted: 11 Jan 2011 05:35 AM PST

The dollar is coming under fire across all fronts following a rise in risk appetite in all corners of the globe. Japan has decided that it has a moral obligation to shore up Ireland through purchasing more than one-in-five bonds issued by Dublin this year and next under a EUR50 billion financial aid facility. The move follows China’s recent support for Portugal. Meanwhile the Chinese yuan rose at a decent clip overnight and ahead of Premier Hu Jintao’s visit to the U.S. next week inspiring a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Pares Losses As ECB Move Boosts Sentiment

Posted: 11 Jan 2011 05:23 AM PST

Forex Pros – Sterling pared losses against the U.S. dollar on Tuesday, retreating from the daily low after a move by the European Central Bank to buy Portuguese and Irish government debt lifted investor sentiment.

GBP/USD clawed up from 1.5514, the daily low to hit 1.556 during European afternoon trade, dipping 0.07%.

Cable was likely to find support at 1.5473, Monday's low and resistance at 1.5627, the high of January 5.

Earlier in the day, the British Retail Consortium said that U.K. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canada Housing Starts Fall More-than-expected In December

Posted: 11 Jan 2011 05:19 AM PST

Forex Pros – Canadian housing starts fell more-than-expected in December, industry data showed on Tuesday.

In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts fell to 172K units in December, compared to 198K units in November, whose figure was revised up from 187K.

Economists had expected housing starts to decline to 178K in December.

Commenting on the report, chief economist at CMHC's Market Analysis Centre Bob Dugan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.11.2011 – EUR/USD GBP/USD USD/JPY

Posted: 11 Jan 2011 05:02 AM PST

EUR/USD Pushing towards 1.3010 in Corrective RallyResistance 1: 1.30-1.3010(23.6% retracement) ; R2: 1.3050
Support 1: 1.2875; S2, 1.28

- The EUR/USD continues to consolidate, edging towards 1.30/1.3010 (23.6% retracement level). Basically, the next target now should be 1.2875 low of January and if that breaks 1.28 is the next support.
- A rally that extends beyond 1.3010 might see resistance near the 1.3050-1.3060 zone, which was support before it was broken, and now would be tested as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro Relatively Unchanged Despite Japan’s Vowe To Join China And Assist Europe’s Debt Crisis

Posted: 11 Jan 2011 05:00 AM PST

        

Fundamental Headlines
• Tensions Rise Ahead of Portugal Auction – Wall Street Journal
• Futures Rise as Debt Worries Ease – Wall Street Journal
• Euro Stable as Japan Promises Support – Financial Times
• Portugese Bond Sale May Make Bailout "Inevitable" – Bloomberg
• Japan Joins China Assisting Europe in Debt Crisis – Bloomberg
EURUSD: The euro extended its gains against the U.S. dollar during the overnight trade as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Edges Higher As European Central Bank Buys Bonds

Posted: 11 Jan 2011 04:50 AM PST

Forex Pros – The euro edged cautiously higher against the U.S. dollar on Tuesday, as the European Central Bank stepped in to buy Portuguese and Irish government debt for the second successive day.

EUR/USD hit 1.2981 during European afternoon trade, a fresh intra-day high; the pair subsequently consolidated at 1.2965, gaining 0.11%.

The pair was likely to find support at 1.2872, Monday's low and resistance at 1.3169, last Thursday's high.

Earlier in the day, Portugal’s Prime Minister … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Against Most Rivals Ahead Of Euro Zone Debt Sales

Posted: 11 Jan 2011 03:57 AM PST

Forex Pros – The U.S. dollar was up against most of its major counterparts in quiet trade on Tuesday, ahead of critical European bond sales which were set to be a major test of vulnerable euro zone economies.

During European late morning trade, the greenback was marginally lower against the euro, with EUR/USD edging up 0.6% to hit 1.2959.

Earlier in the day, Japanese Finance Minister Yoshihiko Noda said his country planned to buy about a fifth of the bonds the European rescue fund plans to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Trims Gains Amid Euro Zone Debt Woes

Posted: 11 Jan 2011 03:20 AM PST

Forex Pros – The euro trimmed gains against the yen on Tuesday, retreating from the two day high hit after Japan's finance minister said his country planned to buy bonds issued by Europe's financial-aid funds.

EUR/JPY hit 107.86 during European morning trade, the pair's highest since Friday; the pair subsequently consolidated at 107.38, gaining 0.34%.

The pair was likely to find support at 106.81, Monday's low and a four month low and resistance at 108.54, Friday's high.

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

Forex – EUR/GBP Edges Higher As Weak U.K. Outlook Weighs

Posted: 11 Jan 2011 02:35 AM PST

Forex Pros – The euro remained under pressure against sterling on Tuesday but edged up to a daily high, following U.K. data showing economic growth is likely to have slowed in the last quarter and retail sales fell over the Christmas period.

EUR/GBP hit 0.8338 during European morning trade, the daily high; the pair subsequently consolidated at 0.8326, easing up 0.13%.

The pair was likely to find support at 0.8282, Monday's low and a four month low and resistance at 0.8425, last Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Making A Case For This Time Is Different

Posted: 10 Jan 2011 09:15 AM PST

I am often asked “when will we know that this time is different?”  My answer is that we won’t likely know until after the fact, but I can characterize what those words mean. 

In essence, the “this time is different” scenario is often characterized by rising prices and excessive bullish sentiment.  The market continues higher despite the extremes in bullish sentiment.

The Price Cycle 

The price cycle is the path prices take throughout time.  The normal pattern is for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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