Monday, January 24, 2011

DailyMarkets.com - Cosi 4Q10 Comp Sales Up

DailyMarkets.com - Cosi 4Q10 Comp Sales Up

Cosi 4Q10 Comp Sales Up

Posted: 24 Jan 2011 12:05 PM PST

Deerfield, Illinois-based Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, reported its fourth quarter 2010 sales results. Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, dipped 11.4% year over year to $25.4 million in the quarter. 
This decline was due to the sale of 13 company-owned restaurants to a franchisee in second quarter 2010. As a result, company-operated restaurant sales tumbled 12.5% to $24.6 million, while … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Extends King Tender Offer

Posted: 24 Jan 2011 12:05 PM PST

Pfizer Inc. (NYSE:PFE) recently announced that it has extended the expiration date of its tender offer for all outstanding shares of King Pharmaceuticals, Inc. (NYSE:KG) by 7 days. The tender offer is now set to expire on January 28, 2011. As of January 20, 2011, about 46.6% of King Pharma's outstanding shares were validly tendered.
Acquisition Deal Announced in October 2010
Pfizer had initially announced its intention to acquire King Pharma on October 12, 2010 for $14.25 per share. The offer price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Speculators Exit Gold & Silver, But Remains Heavily Long Other Markets

Posted: 24 Jan 2011 11:53 AM PST

There are many ways to measure market sentiment. We use surveys, put-call ratios, fund flows data and for commodities especially, the commitment of traders reports (COT). Lately, we've noted the improving sentiment picture for Gold. As a market weakens sentiment will naturally become less bullish. In this case, sentiment has weakened considerably yet Gold is only 6% off its high.

Most interesting in particular is the divergence between the COT data for Gold and Silver and the rest of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arby’s Chain Up For Sale

Posted: 24 Jan 2011 11:35 AM PST

Wendy’s/Arby's Group Inc. (NYSE:WEN), the fast food chain is planning to sell its Arby's restaurants, so that it can focus its resources on building the Wendy's brand. In 2008, the company was formed through the merger of Triarc, the franchisor of Arby's restaurant chain, and Wendy's, the owner-operator-franchisor of the eponymous fast food chain.
The third largest quick-service restaurant company in the United States, said that although Arby's is showing signs of stabilization as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing Wins $1.53B Navy Contract

Posted: 24 Jan 2011 11:35 AM PST

The Boeing Company (NYSE:BA) received a contract worth $1.53 billion from the U.S. Navy to manufacture P-8A Multi-mission Maritime Aircraft and also provide related logistics, trainers and other support needed for the aircraft.
This new contract, a modification of an earlier contract, requires Boeing to deliver 6 of these aircraft. Boeing plans to deliver the airplanes by January 2013. The majority of the work will be done from its Seattle factory.
P-8APoseidon or multi-mission aircraftis a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Eastman Kodak

Posted: 24 Jan 2011 11:35 AM PST

Eastman Kodak Company (NYSE:EK) is slated to report its fourth quarter and fiscal 2010 results on January 26. Analysts following the stock have remained unmoved since the last 60 days as management has reiterated its sales guidance for fiscal 2010 in the range of $7.5 billion to $7.7 billion, same as in the previous year.
Third Quarter Highlights
Kodak reported improved results for the third quarter of fiscal 2010 with a loss per share (excluding one-time items) of 2 cents, down from a loss per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 24 Jan 2011 11:13 AM PST

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

EUR/USD was trading at 1.3637, up 0.12% at time of writing.

The pair was likely to find support at 1.3377, Wednesday's low, and resistance at 1.3685, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8526 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BioScrip Downgraded To Underperform

Posted: 24 Jan 2011 11:05 AM PST

Recently, we downgraded BioScrip (NASDAQ:BIOS) to Underperform with a target price of $4.50.
BioScrip posted a disappointing quarter based on higher costs and tax. Although revenues grew at double-digit, driven by the CHS acquisition, the organic growth was below expectation.
BioScrip has been witnessing several challenges that led to lower-than- expected revenues and a disappointing margin. Despite the effort of the sales team to generate revenues from new patients, the retention level fell below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Verizon

Posted: 24 Jan 2011 11:05 AM PST

Verizon Communications (NYSE:VZ), the second largest U.S. phone company, is slated to release its fourth quarter and fiscal 21010 earnings results on January 25, 2011, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 55 cents, representing a 1.58% annualized growth.
Verzion had an average of 1.82% positive earnings surprise in the last four quarters. Hence, we will not be surprised if the carrier beats expectations in the fourth quarter on continuous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On Motorola Solutions

Posted: 24 Jan 2011 11:05 AM PST

We initiate coverage on Motorola Solutions Inc. (MSI) with a Neutral recommendation. Motorola Solutions is a market leader in the lucrative Public Safety market. Several industry researchers estimate that the market size of Public Safety may reach $6.5 billion in 2014.
Most of the products of Motorola Solutions are based on the state-of-the art wireless broadband mobility solutions architecture of the former Motorola Inc. We believe the company will maintain its current top-line growth in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Big Sugar” Cartel Cost Consumers $4.5B Last Year

Posted: 24 Jan 2011 11:04 AM PST

In a recent Wall Street Journal letter titled "The Sugar Program Makes Sense," the American Sugar Alliance's chief economist claimed that "sugar policy operates at no cost to the government and is projected to do so for the next decade." While it's true that U.S. sugar producers haven't tapped American taxpayers directly since the beet sugar farmers raked in more than $240 million in farm subsidy payments from 2000 to 2005, U.S. sugar policy did force American consumers to pay … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Modestly Moving Lower In NY PM Trading

Posted: 24 Jan 2011 10:41 AM PST

The EURUSD is modestly moving down breaking through trendline support on the 5 minute chart (see above) but remaining above the 38.2% retracement of the move up from today's low to high range. That level comes in at 1.3629 and a move below that level is needed to lead to further downside pressure after the sharp rally in NY trade. The Friday close was 1.3614 and would be another downside target level to get through for the bears.
On the topside, the 1.3658 level (old high from the day) will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Coach

Posted: 24 Jan 2011 10:35 AM PST

Coach Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, is scheduled to report its second-quarter 2011 financial results on January 25, 2011. The current Zacks Consensus Estimate for the quarter is 97 cents a share. For the quarter under review, revenue is pegged at $1,202 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis
Coach posted better-than-expected first-quarter 2011 results on October 26, 2010, on the back of healthy sales in North … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Westamerica Meets Expectations

Posted: 24 Jan 2011 10:35 AM PST

Westamerica Bancorp. (NASDAQ:WABC) reported its fourth quarter earnings of 81 cents per share, in line with the Zacks Consensus Estimate. However, earnings were two pennies higher than 79 cents reported in the prior-year quarter.
Results for the reported quarter were aided by a decline in non-interest expenses. However, decreases in both interest and non-interest incomes were the headwinds.
For full year 2010, earnings came in at $3.21 per share, in line with the Zacks Consensus Estimate. However, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 24 Jan 2011 10:33 AM PST

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

AUD/USD was trading at 0.9998, up 1.02% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0078, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.84% to hit 1.3649 and AUD/JPY rising 0.88% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Triple Timeframing The Breakout Rally In XOM

Posted: 24 Jan 2011 10:32 AM PST

Exxon-Mobile (XOM) has been one of the strongest performers in the Dow Jones index lately, and the rise correlates in part to the QE2 stimulus effects, giving us a great lesson in both charting breakouts and "stock-specific" narratives, or even broader market narratives.
Let's start with the monthly chart and then drill down to the big 35% rally as seen on the daily chart:

A brief refresher in "QE2 Stimulus Effects" – a rumor/whisper campaign began in late August/early September … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“The Week…will Be A Market Of Stocks”

Posted: 24 Jan 2011 10:31 AM PST

01/24/11 Sunrise Securities’ Ben Willis discusses the latest earnings reports, and expectations for the week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four ETFs Influenced By McDonalds

Posted: 24 Jan 2011 10:18 AM PST

The world's largest restaurant chain, McDonald's Corp. (NYSE:MCD) reported increases in revenues and net income for the fourth quarter, meeting analyst expectations and giving support to the Consumer Discret Select Sector SPDR (XLY), the iShares Dow Jones US Consumer Services (IYC), the Vanguard Consumer Discretionary (VCR) and the PowerShares Dynamic Food & Beverage (PBJ). 
Revenues for the Oak Brook, Ill-based company jumped 4 percent to $6.21 billion, of which $4.2 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: EMC Corp.

Posted: 24 Jan 2011 10:05 AM PST

EMC Corp. (NYSE:EMC) is slated to release its fourth quarter 2010 earnings before the market opens on January 25. EMC holds a leadership position in the storage hardware and software segment and is a leading provider of data storage systems.
Quarter Ahead
EMC did not provide any quarterly guidance during its third quarter earnings call, but provided an upbeat guidance for full fiscal 2010.
According to the Zacks Consensus, earnings per share (EPS) are expected to be 35 cents for the fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Celgene

Posted: 24 Jan 2011 10:05 AM PST

Celgene Corporation (NASDAQ:CELG) is all set to announce its fourth quarter and full year 2010 results on January 27, 2011. The Zacks Consensus Estimate for the fourth quarter is 67 cents, representing a year-over-year increase of 15.3%. The Zacks Consensus Estimate for 2010 is $2.49, up 29.6%.
Third Quarter 2010 Recap
Celgene's third quarter 2010 earnings (excluding special items but including stock-based compensation expense) of 65 cents per share were above the Zacks Consensus Estimate by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 24 Jan 2011 09:58 AM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7640, up 0.86% at time of writing.

The pair was likely to find support at 0.7528, Friday's low, and resistance at 0.7788, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.41% to hit 1.3085 and EUR/NZD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.08%

Posted: 24 Jan 2011 09:53 AM PST

Forex Pros – European stocks were up after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 0.08%, London's FTSE 100 gained 0.81%, France's CAC 40 climbed 0.39% and the EURO STOXX 50 was up 0.29%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.74%; the S&P 500 index gained 0.53%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex News Fundy Brief (1/24): Euro Extend Rally, Preview Of US Data This Week

Posted: 24 Jan 2011 09:50 AM PST

The Euro rose on the back of comments from ECB President Trichet – we outline some of the latest developments. We also look ahead to the US data this week including US FOMC interest rate statement and our first look at 4th quarter GDP figures.

(function ($) { $(“#ytplayer-4d3dc24d8778f”).ytplayer({source: “L1jT5iBmhzU”, height: 346, width: 616, autoplay: false, nativeControls: false, onReady: null}); … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Biogen-Acorda MS Drug Faces Setback

Posted: 24 Jan 2011 09:35 AM PST

Biogen Idec (NASDAQ:BIIB) recently faced a pipeline setback with the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommending against the approval of oral drug Fampyra (US trade name: Ampyra), aimed at improving walking speed in patients suffering from multiple sclerosis (MS).
Biogen plans to file a request for re-examination of the decision taken by the CHMP. We note that though the EMA is not bound to follow the CHMP's recommendation, it usually does … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Gilead Sciences

Posted: 24 Jan 2011 09:35 AM PST

Gilead Sciences Inc. (NASDAQ:GILD) is scheduled to report fourth quarter 2010 results on Tuesday, January 25, 2010. The Zacks Consensus Estimate for fourth quarter 2010 is 89 cents, representing a year-over-year decrease of 1.12%. The Zacks Consensus Estimate for fiscal 2010 is $3.52, representing a year-over-year increase of 21%.
Third Quarter Recap
Gilead Sciences' third quarter 2010 earnings of 85 cents per share (excluding special items but including stock-based compensation expense) were a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Strong So Far

Posted: 24 Jan 2011 09:35 AM PST

The 4th quarter earnings season is now in full swing. It is still on the early side, with just 81, or 16.2%, of the S&P 500 reports in. However, history does suggest that by the time you have about 15% of the sample, you can have a pretty good feel for how the rest of the earning season will go.

The early reports are encouraging, with total net income for those firms rising a stunning 63.3% over a year ago. The early median surprise of 6.56% is also quite strong, although the ratio of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Stryker

Posted: 24 Jan 2011 09:05 AM PST

Orthopedic devices giant Stryker Corporation (NYSE:SYK) is expected to release its fourth quarter and fiscal 2010 results on January 25, after the closing bell. The Michigan-based company announced, on January 10, encouraging preliminary sales data for the quarter and fiscal year, which beat the Zacks Consensus Estimates. Revenues for both fourth quarter and fiscal 2010 grew nearly 9% to $2 billion and $7.32 billion, respectively.
Global Orthopedic Implants sales grew 4.5% in the fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Journal: The Journal Of Universal Rejection

Posted: 24 Jan 2011 09:01 AM PST

About the Journal
 
The founding principle of the Journal of Universal Rejection (JofUR) is rejection. Universal rejection. That is to say, all submissions, regardless of quality, will be rejected. Despite that apparent drawback, here are a number of reasons you may choose to submit to the JofUR:

You can send your manuscript here without suffering waves of anxiety regarding the eventual fate of your submission. You know with 100% certainty that it will not be accepted for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rises On US Economic Uncertainty

Posted: 24 Jan 2011 09:00 AM PST

01/24/11 A lack of US economic data and strong reports out of Europe have paved the way for another session of strength for the higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of European Session

Posted: 24 Jan 2011 08:58 AM PST

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

EUR/USD was trading at 1.3651, up 0.22% at time of writing.

The pair was likely to find support at 1.3377, Wednesday's low, and resistance at 1.3685, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.26% to hit 0.8536 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Newell Rubbermaid

Posted: 24 Jan 2011 08:35 AM PST

Newell Rubbermaid Inc. (NYSE:NWL) is scheduled to release its fourth-quarter 2010 results on Thursday, January 27. The Zacks Consensus Estimate for the quarter is pegged at 32 cents a share.   
Third Quarter Performance
Newell Rubbermaid logged a strong 10.5% growth in third quarter 2010 earnings, climbing to 42 cents a share from 38 cents a share in the year-ago quarter. Earnings also edged past the Zacks Consensus Estimate of 41 cents. Including special items, earnings per share came … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Meridian Misses On Lower Flu Sales

Posted: 24 Jan 2011 08:35 AM PST

Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) reported disappointing first quarter fiscal 2011 (ended December 31) results with earnings of 15 cents per share trailing the Zacks Consensus Estimate of 19 cents and the year-ago earnings of 22 cents per share. Profit plummeted 32% year over year to $6 million on account of lower revenues.
Revenues dipped 12% year over year to $37.3 million, missing the Zacks Consensus Estimate of $41 million, impacted by lower flu incidences, which hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Flat On Economic Uncertainty

Posted: 24 Jan 2011 03:30 AM PST

01/24/11 Front month crude prices remained mostly unchanged this session following a lack of economic data which kept prices below $90 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Stage A Comeback Ahead Of U.S. Supply

Posted: 24 Jan 2011 08:28 AM PST

Yields have pared an earlier rise ahead of U.S. government bond auctions expected to total $99 billion this week as dealers pared inventory hoping to restock at bargain prices. Central bankers around the world start their regular monthly meetings but despite evidence of a pick-up in global activity, bond investors remain upbeat and see relatively little downside and expect policy makers to remain on the sidelines.
European bond markets – Yields are lower across Europe despite news that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Resistance Holds Against 1.6008 For Now

Posted: 24 Jan 2011 08:24 AM PST

Trendlines converged for the GBPUSD at the 1.6005 and 1.6008 level and the pair has found some profit taking sellers initially. The down trendline from the Jan 18th high connecting to Friday's high comes in at 1.6005. A horizontal trendline (or "remembered line" as I like to call them) comes in at 1.6005.  The combination slowed the ascent higher on the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution

Posted: 24 Jan 2011 08:19 AM PST

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

Canadian Dollar: The Downside Prevails

Posted: 24 Jan 2011 08:19 AM PST

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

Forex Trading: EURUSD Continues Move Higher

Posted: 24 Jan 2011 08:14 AM PST

The EURUSD continues its move higher with little in the way of meaningful correction. The most recent move higher which took the pair from Thursdays low to the initial high in today's trade, fell 38.2% before finding support and reversing. The pair moved above the channel trendline resistance and is now moving toward upper trendline resistance at the 1.3707 level. Intraday support should find buyers at 1.3657-64 if the sharp upside move is to continue.

Above that level is the 61.8% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Solar’s Runway To Far East

Posted: 24 Jan 2011 08:12 AM PST

First Solar Inc. (NASDAQ:FSLR) is spreading its wings in the Far East with a billion dollar investment for a thin-film solar panel plant. The company was granted an investment license for the project to be built in Vietnam's Dong Nam Industrial Zone in Cu Chi District for producing thin film solar modules.
First Solar started work on the first phase of the project in January 2011. The plant is expected to be operational by the middle of 2011. During the first phase, the plant will operate four … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Occidental Now In UAE

Posted: 24 Jan 2011 08:11 AM PST

Occidental Petroleum Corporation (NYSE:OXY) has received an invitation from the government of Abu Dhabi to jointly develop one of the largest gas fields in the Middle East – the Shah gas field. Occidental will work with government-owned Abu Dhabi National Oil Company (ADNOC) on this project.
Per the 30-year deal, Occidental will hold a 40% interest in the onshore Shah field, which is located about 180 km (110 miles) southwest of the city of Abu Dhabi. Abu Dhabi NOC will retain the remaining 60% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ONEOK Issues $1.3 Billion Notes

Posted: 24 Jan 2011 08:11 AM PST

The oil and gas pipeline operator, ONEOK Partners LP (NYSE:OKS), announced that it has issued $1.3 billion notes in two tranches. The notes were issued as per the shelf registration statement previously filed by the partnership with the Securities and Exchange Commission. The issue offering will close on January 26, 2011.
One offering comprises $650 million of 3.25% senior notes due February 1, 2016, at an offer price of $99.94 (per $100.00 principal) to yield 3.263%. The second offering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Varian Medical

Posted: 24 Jan 2011 08:11 AM PST

Varian Medical Systems (NYSE:VAR) is slated to report first quarter fiscal 2011 (ending December 31) results on January 26. The company expects earnings per share in the range of 71 cents to 74 cents for the quarter. The current Zacks Consensus Estimate for the first quarter is 73 cents, representing an estimated year-over-year increase of 15.71%.
Fourth Quarter Recap
Varian posted fourth-quarter 2010 adjusted (excluding one-time items) earnings per share from continuing operations of 87 cents, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals As Euro Regains Ground

Posted: 24 Jan 2011 08:04 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Monday, as the euro regained ground after markets once again focused on remarks by the European Central Bank president that the bank could hike interest rates to combat inflation.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.37% to hit 1.3676.

On Sunday, in an interview with The Wall Street Journal, ECB President Jean-Claude Trichet said that core … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Losses, Tracking Euro Higher

Posted: 24 Jan 2011 07:54 AM PST

Forex Pros – The pound erased losses against the U.S. dollar on Monday, tracking the euro higher but doubts over a near term rate hike by the Bank of England continued to weigh on the pound.

GBP/USD clawed back up from 1.5921, the daily low, to hit 1.6001 during European late afternoon trade, easing up 0.02%.

Cable was likely to find support at 1.5866, Friday's low and short-term resistance at 1.6058, the high of January 18 and a two-month high.

The euro's gains came as markets … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Losses, Rises To Fresh 9-week High

Posted: 24 Jan 2011 07:43 AM PST

Forex Pros – The euro erased earlier losses against the U.S. dollar on Monday, turning higher as markets refocused on remarks by European Central Bank president Jean-Claude Trichet that the bank could hike interest rates to combat inflation.

EUR/USD clawed back up from 1.354, the daily low to hit 1.3658 during European late afternoon trade, gaining 0.26%.

The pair was likely to find support at 1.354, the days low and resistance at 1.3785, the high of November 22.

On Sunday, in an interview … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Moves Lower With Dollar Selling. Reaches Key Target

Posted: 24 Jan 2011 07:42 AM PST

The USDCHF is moving lower in reaction to the lower dollar in NY trading. Bombing in Moscow has led to a flight to safety and the CHF seems to be a currency in demand.  The pair is looking to test the next target support at the 0.9484 level which is the 61.8% of the  move up from the end of December low to the high reached on January 11th.
The SNB officials have been trying to talk down the CHF of late with comments on how the strength will lead to slower exports and a slower economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: MCD, JCP, RSH

Posted: 24 Jan 2011 07:37 AM PST

01/24/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDonald’s Serves Up Strong 4Q Net Income

Posted: 24 Jan 2011 02:30 AM PST

01/24/11 McDonald’s announced monday that its 4Q net income rose 2% on strong sales of specialty … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 1.24.11

Posted: 24 Jan 2011 06:52 AM PST

The morning news notes as prepared by TL…firms expecting to hire, Fed to adopt an inflation target?, Fed optimistic on economy, and revolution in Egypt?

“Morning News Notes: January 24, 2011″

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

Greencore Considers Options After Northern Foods Accepts £342m Boporan Offer

Posted: 24 Jan 2011 03:15 AM PST

Irish food group Greencore Group (LON:GNC) was today pondering whether to bolster its offer to merge with Northern Foods (LON:NFDS) after being trumped on the deal late last week by Boporan Holdings. Greencore confirmed that it was now considering adding a cash element to the nil-premium merger offer that it originally made last November. Under the terms of that deal, Northern shareholders were in line to receive 0.4479 of one new Greencore share for every one Northern share held by them. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Outlook 2011: Everyone Needs Commodities

Posted: 23 Jan 2011 10:00 PM PST

The essence of natural resources and commodity investing can be boiled down to one key point:
As the earth's population swells to 7 billion, the migration to cities accelerates, incomes rise, and people desire things the things that improve their lives, thus increasing global demand for commodities and natural resources.

A larger, wealthier class of people in the emerging world are demanding more goods as they raise their standard of living and the supply of these goods is impacted by … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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