Tuesday, January 18, 2011

DailyMarkets.com - Business Credit Card Review: Capital One Business Platinum With Preferred No Hassle Miles

DailyMarkets.com - Business Credit Card Review: Capital One Business Platinum With Preferred No Hassle Miles


Business Credit Card Review: Capital One Business Platinum With Preferred No Hassle Miles

Posted: 18 Jan 2011 07:35 AM PST

Before you apply for this business credit card, read this!

The Capital One Business Platinum with Preferred No Hassle Miles is a credit card that is targeted at entrepreneurs or business owners. This business card, issued by Capital One (NYSE:COF), doesn't have any annual fee and is a Visa (NYSE:V) Platinum card. Not only does it give you a line of credit for your business expenses, it also gives you the opportunity to earn a wide variety of rewards on your spending.

Here we'll do a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 18 Jan 2011 07:20 AM PST

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


Australian Dollar: Caution

Posted: 18 Jan 2011 07:20 AM PST

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


Canadian Dollar: Under Pressure

Posted: 18 Jan 2011 07:20 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: 18 Jan 2011 07:20 AM PST

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


British Pound: Turning Down

Posted: 18 Jan 2011 07:20 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: 18 Jan 2011 07:20 AM PST

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


Stock Market News Briefs: Boeing Company, Citigroup, Comerica Incorporated, Delta Air Lines (New), Deutsche Bank AG, GlaxoSmithKline PLC, Goldman Sachs Group, Humana, J P Morgan Chase & Co, Piper Jaffray Companies, Apple, Sterling Bancshares, Symantec Corporation

Posted: 18 Jan 2011 07:15 AM PST

 Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share

 GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its diabetes drug Avandia

 Boeing (NYSE:BA) reported a resumption of certified testing of its long-delayed 787 Dreamliner on Monday, almost three years behind its expected schedule

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


Earnings Preview: F5 Networks Inc.

Posted: 18 Jan 2011 07:15 AM PST

F5 Networks Inc. (NASDAQ:FFIV) is scheduled to announce its first quarter fiscal 2011 results on January 19, 2011, and we observe limited movements in analyst estimates at this point.
Fourth Quarter Overview
F5 Networks delivered decent fourth quarter 2010 results, with adjusted earnings per share of 61 cents per share beating the Zacks Consensus Estimate of 55 cents.
F5 Networks reported fourth quarter revenues of $254.3 million, up 45.2% from the year-ago period. The quarter's revenue surpassed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/JPY Tests 132.50 With Force; Is 135.00 Next?

Posted: 18 Jan 2011 07:08 AM PST

GBP/JPY

- The 1H chart shows that a break above the flag pattern materialized into a rally with 100% swing projection to 132.50.
- This was the projected rally and target form yesterday's GBP/JPY post.
- The count is not very apparent and has been adjusted. In such a persistent triangle, we are likely to be in a wave 3 (see in 4H chart below). A break would then suggest termination of wave 3.
- It appears that the GBP/JPY is mounting a strong rally, but is meeting heavy resistance. What … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Empire Index Shows High Level Of Optimism

Posted: 18 Jan 2011 07:07 AM PST

The New York Federal Reserve reported today that “the Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved in January. The general business conditions index rose 2 points to 11.9 (see chart above). The new orders index moved up 10 points to 12.4, and the shipments index surged 18 points to 25.4. After a sharp decline last month, the inventories index rose above zero. Employment indexes also climbed into positive territory. Both the prices paid and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Know For Tuesday: Apple, Citigroup, Goldman Sachs, IBM, ARM, Rio Tinto

Posted: 18 Jan 2011 07:00 AM PST

Apple (NASDAQ:AAPL) and the Nasdaq in general may find itself under a bit of selling pressure today, ahead of earnings after the bell after the companies iconic founder Steve Jobs's announced a leave of absence spurred concern over the prospects for the world's second-largest company.  Recall that Apple now accounts for 21% of the market capitalization of the tech heavy Nasdaq index and Apple's stock is up the small matter of some 319% since March 2009. Jobs, a cancer survivor, is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Mixed As Apple, Citigroup Tumble; Dow Jones Up 0.12%

Posted: 18 Jan 2011 06:57 AM PST

Forex Pros – U.S. stocks were mixed after the open on Tuesday, as market sentiment was weighed by disappointing corporate earnings results and as Apple dragged down shares in the technology sector.

During early U.S. trade, the Dow Jones Industrial Average climbed 0.12%, the S&P 500 index was down 0.20%, while the Nasdaq Composite index slumped 0.56%.

Shares in technology giant Apple plunged 4.06% after chief executive Steve Jobs said Monday that he was taking an indefinite medical leave … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Corrects Down. Look For Support To Be Defended.

Posted: 18 Jan 2011 06:53 AM PST

Watch for buyers against support at the 1.3412-23 level.  If the break is for real with real support, this level should be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/USD Tests Parity In Corrective Rally (1/18/2011)

Posted: 18 Jan 2011 06:41 AM PST

AUD/USD

- This is a quick follow up on yesterday's AUD/USD Gartley anticipation. The market did rally in the direction of completing a Gartley, but we are at the important parity level resistance where the market is consolidating early in the US session.
- A clean break above parity suggests the market can extend towards 1.0050 area, which is between 50% and 61.8% retracement, 100% projection, and 150% extended retracement. If this resistance does not hold off the AUD/USD, the bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Breaks Through 100 Day MA At 1.3423

Posted: 18 Jan 2011 06:38 AM PST

Support now between 1.3412-23. The 1.3412 is the 38.2% on the daily chart. The 1.3423 is the 100 day MA. Next upside target is the 1.3498 level (high from December) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Caterpillar To Open In Thailand

Posted: 18 Jan 2011 06:35 AM PST

As part of a strategic investment in the mining business, Caterpillar (CAT) will open a new manufacturing facility in Thailand. The company expects to start production from late 2012.
To set up its first manufacturing facility in Thailand, an Australian subsidiary of Caterpillar inked a deal with Hemaraj Land & Development Pcl to buy land at an industrial estate in Thailand for the purpose. The facility, which is expected to engage 800 employees, will be built on an area of 71,759 square … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hong Kong Disneyland Narrows Loss

Posted: 18 Jan 2011 06:35 AM PST

A rise in the number of visitors thronging the Walt Disney Co. (NYSE:DIS) theme park in Hong Kong acted as a lever to combat loss to a certain extent. Hong Kong Disneyland still runs at a loss though the amount shriveled to HK$718 million ($92.3 million) in fiscal 2010 from HK$1,315 million ($169.1 million) in fiscal 2009.
The park earned earnings before interest, taxes, depreciation and amortization of HK$221 million ($28.4 million).  Hotel occupancy increased 12 percentage points to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Extends Gains After BOC Hold Rates Steady

Posted: 18 Jan 2011 06:34 AM PST

Forex Pros – The Canadian dollar slipped against its U.S. counterpart on Tuesday, after the Bank of Canada announced that it would hold its key overnight interest rate steady at 1.00% as expected.

USD/CAD hit 0.9911 during European late afternoon trade, the pair's highest since Friday; the pair subsequently consolidated at 0.9881, gaining 0.13%.

The pair was likely to find support at 0.9831, today's low and a fresh 31 month low and resistance at 0.9976, Friday's high.

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


GBP/USD Likely To Test 1.61, Targeting 1.63 (1/18/2011)

Posted: 18 Jan 2011 06:24 AM PST

GBP/USD

- Starting with the day chart, we follow up with the non-topping action near 61.8% retracement level, which suggests that the rally is onto the next target. The market is in a bullish mode and should be targeting 1.63, with 1.61 as a pivot to clear before that. 1.61 is also the 78.6% retracement level.
- The RSI is heading towards 70, and likely to break it soon, confirming bullish momentum.

- The GBP/USD 4H chart shows that the wave that's been channeling is likely a wave 3, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jobs’ On Leave..How About Them Apple Stocks?

Posted: 18 Jan 2011 06:11 AM PST

Everybody was probably expecting a slow market news day on Monday, Jan. 17. After all, it is the Martin Luther King, Jr. holiday, and the U.S. market is closed. But Apple Inc. (NASDAQ:AAPL) managed to make it quite eventful by dropping a bombshell that CEO Steve Jobs has taken an indefinite medical leave battling a rare form of cancer, and the liver transplant he had almost two years ago.

Although the announcement said Jobs will continue as the CEO involved in "major strategic decisions for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. TIC Long Term Purchases Surge In November

Posted: 18 Jan 2011 06:11 AM PST

Forex Pros – U.S. Treasury International Capital purchases rose significantly more-than-expected in November, official data showed on Tuesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities soared to USD85.1 billion in November, after falling to USD28.9 billion in October, whose figure was revised up from USD 27.6 billion.

Analysts had expected purchases of long-term securities to increase to USD46.7 billion in November.

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


Bank Of Canada Leaves Interest Rate Unchanged At 1.00%

Posted: 18 Jan 2011 06:07 AM PST

Forex Pros – The Bank of Canada left its benchmark interest rate unchanged in January, it announced on Tuesday.

In a statement, that bank said it was leaving its overnight cash rate unchanged at 1.00%, broadly in line with expectations.

The accompanying rate statement released after the announcement said, "Core inflation is projected to edge gradually up to 2% by the end of 2012, as excess supply in the economy is slowly absorbed. Inflation expectations remain well-anchored."

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


AK Steel Wins Lawsuit

Posted: 18 Jan 2011 06:06 AM PST

AK Steel Holding Corp. (NYSE:AKS) won a lawsuit brought against the company by two French units of the steel giant, ArcelorMittal (NYSE:MT). The suit alleged that AK Steel and two other steel producers infringed upon a U.S. patent for aluminum-coated, boron-bearing carbon steels, used primarily for high-strength automotive applications. However, the jury found no infringement of the ArcelorMittal patent.
The decision now allows AK Steel to begin offering the product for sale immediately to the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Intuitive

Posted: 18 Jan 2011 06:06 AM PST

Intuitive Surgical (NASDAQ:ISRG) is slated to report its fourth quarter and fiscal 2010 results on Thursday, January 20, 2011. The current Zacks Consensus Estimates for the fourth quarter and fiscal year are $2.25 and $8.70, representing an estimated 15.45% and 39.63% annualized growth, respectively.
Third Quarter Recap
Intuitive reported third-quarter 2010 earnings per share of $2.14, beating the Zacks Consensus Estimate of $2.09 and surpassed the year-ago quarter's figure of $1.64. Excluding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EBay Donning Fashion Garb

Posted: 18 Jan 2011 06:06 AM PST

eBay Inc. (NASDAQ:EBAY) looks serious about building its position in the fashion industry. And why not? – the industry is set to grow in leaps and bounds. The online apparel segment (a $27 billion market in 2009, according to Forrester Research) is expected to be particularly hot, having grown 17% in 2009, in an environment where consumer purchasing was conservative.
Last year, in an attempt to shed off its low-cost used-goods image, eBay started a fashion website – fashion.ebay.com, featuring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Telesp Upgraded To Outperform

Posted: 18 Jan 2011 06:06 AM PST

We are upgrading our recommendation on Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (NYSE:TSP), better known as Telesp, to Outperform from Neutral. Currently, the stock has Zacks # 1 (Strong Buy) Rank.
Telesp, the Brazilian subsidiary of Spanish telecom giant Telefonica (NYSE:TEF), has been investing in businesses, especially in broadband Internet and Pay TV, given the limited opportunity in its highly matured local and long-distance phone operations.
The outlook for the broadband … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Extends Losses After Disappointing U.S. Data

Posted: 18 Jan 2011 06:02 AM PST

Forex Pros – The U.S. dollar extended earlier losses against the yen on Tuesday, following a report showing that the New York Federal Reserve's index of manufacturing conditions rose slightly less-than-expected in January.

USD/JPY hit 82.33 during European afternoon trade, the pair's lowest since January 5; the pair subsequently consolidated at 82.38, shedding 0.66%.

The pair was likely to find support at 81.87, the low of January 5 and resistance at 83.00, Monday's high.

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


EUR/USD Levels And Scenarios 1.18.2011

Posted: 18 Jan 2011 06:01 AM PST

EUR/USD

- The EUR/USD picked up volatility ahead of the European session as expected in yesterday's second EUR/USD post. By then, the market has broken above the resistance of a narrow range at 1.3308.
- The rally that followed went to the 1.3430 area but was rejected there.
- There is sideways action to start the US session, but if the market is supported above 1.3340, a new impulse wave is developing, and we can anticipate further rally. A break below 1.3340 suggests we are not done with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Linear Technology

Posted: 18 Jan 2011 05:35 AM PST

Linear Technology (NASDAQ:LLTC) is scheduled to announce its second quarter results tomorrow after the market closes. In view of the limited revisions to estimates, we think analysts are confident about their expectations for the quarter.
First quarter Highlights
Linear's first quarter results were quite good, with earnings growing strongly and exceeding the Zacks Consensus Estimate by a wide margin, despite the fact that revenue was more or less in line with expectations.
Linear's problem … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Empire State Manufacturing Index Rises Less-than-expected

Posted: 18 Jan 2011 05:34 AM PST

Forex Pros – The New York Federal Reserve's index of manufacturing conditions rose less-than-expected in January, official data showed on Tuesday.

In a report, the Federal Reserve Bank of New York said that its general business conditions index rose to 11.9 in January, after rising to 9.9 in December, whose figure was revised down from 10.6.

Analysts had expected the index to rise to 12.0 in January.

On the index, a reading above 0.0 indicates improving conditions, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Reverses Losses On Sovereign Demand, Strong ZEW

Posted: 18 Jan 2011 04:46 AM PST

Forex Pros – The euro reversed early losses against the pound on Tuesday, rebounding from a three day low, on buying by sovereign funds and after a report showing that German investor confidence jumped to a six-month high in January.

EUR/GBP clawed back up from 0.8332, the pair's lowest since last Thursday, to hit 0.8374 during European afternoon trade, gaining 0.08%.

The pair was likely to find support at 0.8312, Thursday's low and resistance at 0.8434, Monday's high.

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


Forex – Dollar Down Vs. Most Rivals As Euro And Pound Extend Gains

Posted: 18 Jan 2011 04:04 AM PST

Forex Pros – The U.S. dollar was down against almost all of its major counterparts on Tuesday, as the euro and the pound both extended gains against the greenback, boosted by strong economic data.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.82% to hit 1.3402.

Earlier Tuesday, the ZEW Centre for Economic Research said its index of German economic sentiment jumped to a six-month high in January.

The greenback was also down against … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Extends Early Gains After Strong ZEW Survey

Posted: 18 Jan 2011 02:49 AM PST

Forex Pros – The euro extended early gains against the U.S. dollar on Tuesday, climbing to a two day high after a report showing that German investor confidence jumped to a six-month high in January.

EUR/USD hit 1.3329 during European morning trade, the pair's highest since Friday; the pair subsequently consolidated at 1.3385, gaining 0.68%.

The pair was likely to find support at 1.3243, Monday's low and short-term resistance at 1.3449, last Friday's high and a one month high.

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


Forex Trading: Euro Higher

Posted: 18 Jan 2011 02:38 AM PST

The euro has traded continually higher this session with better UK data adding fuel to the fire in addition to better than expected German and Euro zone ZEW readings.
From a daily perspective, the current daily high for the EUR/USD comes in just above the 100 hour moving average at 1.34278 with the 61.8% fibo line (on the move from November 22nd highs to January 10th lows) coming in slightly higher at 1.34366. As seen below, the pair has tested this level but has not had a close … [visit site to read more] or compare Best Credit Cards and Best CD Rates


No comments:

Post a Comment