Monday, January 10, 2011

DailyMarkets.com - DuPont To Acquire Danisco

DailyMarkets.com - DuPont To Acquire Danisco

DuPont To Acquire Danisco

Posted: 10 Jan 2011 12:05 PM PST

The world's second-largest seed maker, EI Du Pont De Nemours & Co. (NYSE:DD), entered into a definitive agreement to acquire Denmark's Danisco for $5.8 billion in cash and assumption of $500 million of Danisco's net debt. The two companies are already partners in a joint venture focused on cellulosic ethanol.
The deal will enable DuPont to expand the company's offerings in more specialized areas like biofuels and food enzyme
Under the terms of the agreement, DuPont will pay 665 kroner … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sales Up, BJ’s To Cut Jobs

Posted: 10 Jan 2011 12:05 PM PST

BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the five-week period ended January 1, 2011.
After registering a growth of 5.0% in November 2010, BJ's experienced a comparable club sales growth of 3.8% in December. For the forty-eight week period, comps climbed 4.7%. Rising gasoline prices positively impacted the comparable club sales by 2.4% and 2.0% during the five and forty-eight week periods, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Celgene Cut To Neutral

Posted: 10 Jan 2011 11:35 AM PST

We are downgrading Celgene Corporation (NASDAQ:CELG) to Neutral from Outperform following the risk of cancer associated with the use of Revlimid as a maintenance therapy in patients suffering from multiple myeloma (MM).
The disturbing data was presented at the American Society of Hematology (ASH) late last year. Even though prolonged treatment with Revlimid extended the survival without the disease worsening, data from some studies revealed an increase in the number of patients with secondary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Target Loses Momentum

Posted: 10 Jan 2011 11:35 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted lower-than-expected sales results for the five-week period ended January 1, 2011.
The company lost momentum as is evident from the comparable-store sales results for December 2010 that rose marginally by 0.9%, following an increase of 5.5% in November 2010 and reflecting a drop from an increase of 1.8% witnessed in December 2009.
The slight increase in comps was the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Market Is Holding Support

Posted: 10 Jan 2011 11:18 AM PST

Cusick's Corner
Support – that's the key term to this market in the short-term. The market is holding support even after the data missed expectations Friday, the market held critical short-term support of 1260 on the S&P. I am watching the longer term trend lines to monitor any developments if this month-long trend support is broken. We are getting back to earnings season and the fact that volatility will be entering the market. Volatility trading strategies, specifically those geared … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good Start For GM: Chevrolet Volt Named North Amercian Car Of The Year

Posted: 10 Jan 2011 11:16 AM PST

01/10/11 During Monday’s Detroit Auto Show, General Motors’ Chevrolet Volt was named the North American Car of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 10 Jan 2011 11:15 AM PST

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

EUR/USD was trading at 1.2951, up 0.34% at time of writing.

The pair was likely to find support at 1.2874, today's low, and resistance at 1.3325, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8312 and EUR/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2011 Bank Failures Start With 2

Posted: 10 Jan 2011 11:10 AM PST

U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008.
While the bigger banks benefited greatly from the various programs launched by the government, many smaller banks continue to struggle. Tumbling home prices, soaring loan defaults and a high unemployment rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Research In Motion Tablet In 1Q 11

Posted: 10 Jan 2011 11:10 AM PST

BlackBerry smartphone manufacturer Research In Motion Ltd. (NASDAQ:RIMM) will launch its much hyped PlayBook tablet in the first quarter of 2011. However, this will be WiFi only version. The 4G wireless network compatible PlayBook will be introduced in mid-2011 for the 4G networks of Sprint Nextel Corp. (NYSE:S).
The tablet computer is being built by Quanta Computer Inc of Taiwan and will run on chips from Marvell Technology Group Inc. (NASDAQ:MRVL). The tablet will be based on a new operating system … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Monsanto’s 2011 R&D Pipeline

Posted: 10 Jan 2011 11:05 AM PST

Monsanto Company (NYSE:MON) announced nine project advancements in the research and development (R&D) pipeline for fiscal 2011.
The alliance with Germany-based BASF Plant Science for the yield and stress project, is the most important, which includes Nitrogen-utilization Corn, second-generation higher-yielding soybeans and higher-yielding/stress tolerant wheat.
Although the agricultural productivity segment has encountered significant market changes last year, Monsanto's pipeline of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Debt Ceiling = Impending Doom?

Posted: 10 Jan 2011 11:05 AM PST

Are we heading toward a new economic upheaval? That's the idea we get from the U.S. Treasury Secretary Timothy Geithner's expectation cited in Reuters last Thursday. According to Geithner, the federal government may knock the current $14.3 trillion debt ceiling by March 31.
As the government’s current debt is just $333 billion shy of the ceiling, an immediate action to push the ceiling further up is essential to save the country from defaulting on its obligation, Geithner said.
Raising the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests Underside Of Trend Line Resistance

Posted: 10 Jan 2011 10:36 AM PST

The EURUSD has not been able to solicit much buying above the underside of the parellel trendline  off the hourly chart (see above).  Often the price will use the level as a borderline to trade against. The level comes in around the 1.2950 level.  A move above this level is needed to target the next key resistance target which becomes the 1.2968 level. This is the lows from November 30/Dec 1st and was a level of support during last weeks trade.  A move above that opens the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nationwide Investments For 2010

Posted: 10 Jan 2011 10:35 AM PST

Nationwide Health Properties, Inc. (NHP), a real estate investment trust (REIT) that invests in healthcare facilities, has recently announced that it has completed $924 million worth of total investments in fiscal 2010 at a blended initial yield of 8.7%. These included $503 million in medical office buildings (MOBs) at an initial yield of 8.4%, $285 million in skilled nursing facilities at an initial yield of 9.5%, and $111 million in assisted living facilities at an initial yield of 8.2%. At … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AvalonBay Consolidates Assets

Posted: 10 Jan 2011 10:35 AM PST

AvalonBay Communities Inc. (NYSE:AVB), a real estate investment trust (REIT) primarily focusing on developing multi-family properties, has recently acquired three apartment communities totaling 1366 apartment homes for $189.3 million. The properties were acquired by AvalonBay Value Added Fund II L.P., a private discretionary investment vehicle in which the company has a 31% equity interest. The acquisition is part of the long-term strategy of AvalonBay to own assets in high barrier-to-entry … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Banks Facing Stress Test Again

Posted: 10 Jan 2011 10:35 AM PST

The largest banks in the U.S. need to go through another round of stress tests prior to getting approval from the Federal Reserve to increase their dividends or buy back shares. In fact, all 19 banks that were subject to the stress test last year had to submit their capital plans to the Fed by last Friday, January 7.
All the 19 banks, including biggies such as Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group Inc. (NYSE:GS) would need to demonstrate that they … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 10 Jan 2011 10:35 AM PST

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

AUD/USD was trading at 0.9965, up 0.06% at time of writing.

The pair was likely to find support at 0.9884, today's low, and resistance at 1.0076, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.28% to hit 1.2998 and AUD/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“US Retail Sales Will Be Very Nice”

Posted: 10 Jan 2011 05:20 AM PST

01/10/11 Meridian Equity Partners’ Joseph Greco discusses euro-zone debt worries, amidst the latest M&A action and ahead of US earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.10.2011 – USD/CAD AUD/USD Gold

Posted: 10 Jan 2011 10:08 AM PST

USD/CAD – To Test 0.98 AreaResistance 1: 0.9950;  R2: 0.9980; R3: 1.00-1.0020
Support 1: 0.9890; Bearish target: 0.9750 (2008 low)

- The 0.9890 low established last week might be tested as the USD/CAD moves in a slightly bearish channel. There would probably be a break below, but the manner of the break is coming from a part of consolidation, so I can see another bullish attempt after the break.
- Even though the target of 0.9750 is viable, the choppiness makes path there very … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Petrobras Hastens Pre-Salt Projects

Posted: 10 Jan 2011 10:05 AM PST

Brazil’s state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., has announced a tender for chartering two floating production storage and offloading ("FPSO") vessels for installation in the Guará-Norte (in block BMS-09) and Cernambi (in block BMS-11) pre-salt reservoirs in the country's Santos Basin. The floaters have each been designed to handle up to 150,000 barrels of oil and 8 million cubic meters of gas per day. 
Petrobras is the operator of both the blocks, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FDA Delays AZN Drug Approval

Posted: 10 Jan 2011 10:05 AM PST

AstraZeneca (NYSE:AZN) recently announced that the US Food and Drug Administration (FDA) has extended the action date for the company's cancer candidate, vandetanib, by three months. AstraZeneca is looking to get vandetanib approved for the treatment of non-operable (unresectable) locally advanced or metastatic medullary thyroid cancer (MTC).
The FDA extended the review period in order to evaluate a Risk Evaluation and Mitigation Strategy (REMS) submitted by AstraZeneca as per the agency's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Credit Card Giants Grow Anxious

Posted: 10 Jan 2011 10:05 AM PST

While lobbying charges for Visa Inc. (NYSE:V), American Express Co. (NYSE:AXP) and Discover Financial Services (NYSE:DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (NYSE:MA).  On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third quarter of 2010. In November 2010, Discover reported that it spent $0.23 million on lobbying while American Express spent $0.46 million for the same period.
Visa's lobbying costs declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 10 Jan 2011 10:00 AM PST

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

NZD/USD was trading at 0.7628, up 0.40% at time of writing.

The pair was likely to find support at 0.7552, Thursday's low, and resistance at 0.7682, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.51% to hit 1.3040 and EUR/NZD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Bounces Off Trendline Today

Posted: 10 Jan 2011 09:59 AM PST

The AUDUSD had key trendline support at the 0.9888 level today. The price tested the level but found buyers against the level (at 0.9882).  The failure to solicit additional selling pressure gave the profit takers a reason to buy and the price has moved back higher. 

The 100 hour MA at the 0.9972 level becomes key target resistance now for the pair, with support at the 0.9926 level … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 1.31%

Posted: 10 Jan 2011 09:55 AM PST

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

At the close of European trade, Germany's DAX fell 1.31%, London's FTSE 100 shed 0.47%, France's CAC 40 declined 1.64% and the EURO STOXX 50 was down 1.69%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.36%; the S&P 500 index shed 0.24%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Moves Above Trendline Resistance

Posted: 10 Jan 2011 09:44 AM PST

The GBPUSD has move through the trendline resistance and looks toward the next major targets at last weeks high prices (at 1.5626 and 1.5645). The GBPUSD may be benefitting from a safe haven stand point. Although EURGBP is steady today after a week of selling, the EURUSD is benefitting from some aggressive bond buying by the ECB of debt of the weak sister countries. Since traders prefer GBP over the EURO, the pair has moved in tandem with the EURO for most of the trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FSLR Equipped With Tracking Tech

Posted: 10 Jan 2011 09:35 AM PST

First Solar Inc. (NASDAQ:FSLR) recently acquired tracking technology and photovoltaic (PV) balance-of-systems firm, RayTracker Inc. The acquisition at one-go increased First Solar's expertise in solar technology innovation, reliability engineering, advanced PV system modeling, software engineering, product development and high-volume manufacturing.
Based in Phoenix, Arizona, First Solar designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Endo Pharma Receives CRL

Posted: 10 Jan 2011 09:35 AM PST

Endo Pharmaceuticals' (NASDAQ:ENDP) pipeline received a setback when the US Food and Drug Administration (FDA) issued a complete response letter (CRL) to the company regarding the new formulation of Opana ER. The painkiller is designed to resist attempts of crushing, breaking, pulverizing or making a powder of the product. The candidate aims to bring relief to patients suffering from moderate to severe pain and in need of continuous opioid treatment for an extended period of time.
We remind … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Seven Resolutions For A Prosperous Investing Year

Posted: 10 Jan 2011 09:30 AM PST

The following article has been authored by Benoît Poliquin, Vice President and Portfolio Manager at Pallas Athena Investment Counsel. Benoît holds both the Chartered Financial Analyst and Certified Financial Planner designations. He has also taught at the University of Ottawa's Telfer School of Management in the areas of Fixed Income investments, Derivatives and International Finance.

Establish your goals:
Champions chasing glory always have a goal. Whether it's a team sport or an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

THE EWI ARGUMENT: A Critical Analysis Of Robert Prechter And Elliott Wave International (March 2009-Present) Part 1

Posted: 10 Jan 2011 09:20 AM PST

A Critical Analysis of Robert Prechter and Elliott Wave International

(March 2009-Present)
PART 1
SUMMARY

In this article I analyze the recent work of Robert Prechter's "Elliott Wave International", evaluating it in terms of the quality of epistemology, methodology, data integrity, interpretation, conclusions, recommendations and results.  The analysis is limited in scope to the equities markets since March of 2009.  Because of time constraints, counterpoints to much of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails

Posted: 10 Jan 2011 09:18 AM PST

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

FX Levels And Outlooks 1.10.2011 – GBP/JPY EUR/JPY EUR/GBP

Posted: 10 Jan 2011 09:10 AM PST

GBP/JPY in a Flat After Wave 5
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

- Following up with the GBP/JPY as we stalked its impulse wave, we see that instead of a zig zag, it is in a flat correction, and may have completed (a)(b)(c) patterns. However, there could be further consolidation, so this might not be a completed corrective count just yet, although we should see a test of 129.50.
- When this is complete, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

From A Technical And Fundamental Standpoint Grupo TMM Looks Attractive

Posted: 10 Jan 2011 09:05 AM PST

Ken Nagy, CFA

From a Technical and Fundamental standpoint Grupo TMM looks Attractive

TMM seems to have broken out of its 50 and 200 day moving averages of $2.47 and $2.52 respectively.  By definition Moving average is a technical analysis term meaning the average price of a security over a specified time period  (say 50, 100 or 200 days), is  used in order to spot trends. This data is used to create charts that show whether a stock’s price is trending up or down.  It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

From A Technical And Fundamental Standpoint Grupo TMM Looks Attractive

Posted: 10 Jan 2011 09:05 AM PST

Ken Nagy, CFA

From a Technical and Fundamental standpoint Grupo TMM looks Attractive

TMM seems to have broken out of its 50 and 200 day moving averages of $2.47 and $2.52 respectively.  By definition Moving average is a technical analysis term meaning the average price of a security over a specified time period  (say 50, 100 or 200 days), is  used in order to spot trends. This data is used to create charts that show whether a stock’s price is trending up or down.  It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

From A Technical And Fundamental Standpoint Grupo TMM Looks Attractive

Posted: 10 Jan 2011 09:05 AM PST

Ken Nagy, CFA

From a Technical and Fundamental standpoint Grupo TMM looks Attractive

TMM seems to have broken out of its 50 and 200 day moving averages of $2.47 and $2.52 respectively.  By definition Moving average is a technical analysis term meaning the average price of a security over a specified time period  (say 50, 100 or 200 days), is  used in order to spot trends. This data is used to create charts that show whether a stock’s price is trending up or down.  It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amgen Inks Deal With Xencor

Posted: 10 Jan 2011 09:05 AM PST

Amgen (NASDAQ:AMGN) recently entered into a collaboration with Xencor, Inc. for the development of XmAb5871, an Fc- engineered monoclonal antibody dually targeting CD19 and CD32b.  The candidate is currently being evaluated in preclinical studies for autoimmune diseases.
Terms of the Deal
Per the terms of the deal, Xencor will be responsible for clinical development of the candidate through phase II testing. Amgen will become responsible for future development if it exercises its option to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time To Buy SunTrust Banks Shares?

Posted: 10 Jan 2011 09:00 AM PST

SunTrust Banks, Inc. (NYSE:STI) has seen a nice run of strength the last two months, rallying from $23.23 to $30.80 during this stretch of time. With the recent push through resistance, the curret pull-back could be a prime swing buying opportunity. Here's why..

The PEMA Pull-Back

A new Long signal has fired in $STI in the daily timeframe using the PEMA Pull-Back system. This system uses two pivot-based EMAs to carefully measure pull-back opportunities.

The last three signals in … [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: 10 Jan 2011 09:00 AM PST

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

EUR/USD was trading at 1.2944, up 0.29% at time of writing.

The pair was likely to find support at 1.2874, today's low, and resistance at 1.3325, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8307 and EUR/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Interlace Now Entwined With Hologic

Posted: 10 Jan 2011 08:35 AM PST

Hologic (NASDAQ:HOLX) has strengthened its GYN surgical segment with the acquisition of privately-held Massachusetts-based Interlace Medical for $125 million in cash and two annual contingent payments, depending on the incremental revenue growth of the prior year. Interlace manufactures MyoSure hysteroscopic tissue removal system. Hologic plans to begin physician training and education programs for MyoSure thereby leading to promotion of the product in early 2011.
There is strong potential in this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Energy ‘Progress’es To Lead

Posted: 10 Jan 2011 08:35 AM PST

Duke Energy Corporation (NYSE:DUK) is moving steadily ahead to acquire Progress Energy Inc. (NYSE:PGN) in an all-stock deal. Duke Energy estimates the total value of the deal to range between $24 billion and $26 billion. Of this $13 billion will go towards purchase of Progress Energy stock while $11.4 billion is for assumption of Progress’s long-term net debt. In what appears to be a consolidation move in the power utility sector, the deal between Charlotte, North Carolina-based Duke Energy and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Down Start For The Euro

Posted: 10 Jan 2011 08:34 AM PST

01/10/11 The euro currency has continued its downturn this session against the dollar following growing speculation that European nations will fail to raise enough funds during auctions this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Abercrombie’s Positive Comparables

Posted: 10 Jan 2011 08:21 AM PST

Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported solid sales for the five-week period ended January 1, 2011.  After a moderate increase of 2% in October, the comparables increased to 22.0% growth in November before recording a growth of 15.0% for December 2010.
In the month under review, total company direct-to-consumer net merchandise sales climbed 59% to $66.9 million and total company international net sales, including direct-to-consumer net sales, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PartnerRe Restated At Neutral

Posted: 10 Jan 2011 08:21 AM PST

Considering the current market volatility coupled with other valued growth indicators, we are reiterating our recommendation for the shares of PartnerRe Inc. (NYSE:PRE) at Neutral. Although the current economic turmoil has dampened growth and the operating leverage of organizations across the reinsurance industry, we believe that once the economy rebounds, it will also elevate the earning power of the company.
PartnerRe's third quarter operating earnings per share of $3.69 came in substantially … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DENTSPLY, Glaxo In Co-branding Pact

Posted: 10 Jan 2011 08:21 AM PST

Leading dental products maker DENTSPLY International (NASDAQ:XRAY) has collaborated with global health care giant GlaxoSmithKline (NYSE:GSK) to develop co-branded oral care products for use by patients suffering from tooth sensitivity (pain or discomfort), a condition affecting roughly 45 million adults in the U.S. The deal does not involve cash or equity exchange from either party.
The agreement will enable DENTSPLY to co-brand its NUPRO product line with GlaxoSmithKline's coveted Sensodyne … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vertex Expects An Eventful 2011

Posted: 10 Jan 2011 08:21 AM PST

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently gave an update on its pipeline. The company also provided a peek into its 2010 financial results, which will be released on February 3, 2011.
Telaprevir Status
Vertex Pharma completed the submission of a rolling new drug application (NDA) to the US Food and Drug Administration (FDA) for the company's lead pipeline candidate, telaprevir, in November 2010. Telaprevir is being developed for the treatment of hepatitis C virus (HCV), for both … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Rebound Expected

Posted: 10 Jan 2011 08:20 AM PST

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

Bean Bulls Take A Breather

Posted: 10 Jan 2011 08:19 AM PST

Today’s Idea
Traders concerned about the potential volatility in price swings after the USDA crop production report is released have a tendency to bid-up option premiums days before the report is released. This tendency can make short option strategies “attractive” to more aggressive traders who hope to benefit from a decrease in option volatility once the figures are out. One such trading strategy would be to sell out-of-the-money strangles in Soybean futures options. For example, with March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises On Pipeline Shutdown, US Economy Optimism

Posted: 10 Jan 2011 08:12 AM PST

01/10/11 Front month crude prices started the week on the upside following a weekend shutdown of an Alaskan pipeline and optimism over the health of the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Counterparts As Portugal Remains In Focus

Posted: 10 Jan 2011 07:55 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, as speculation that Portugal would be forced to seek a bailout from the European Union and International Monetary Fund dented market sentiment.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.32% to hit 1.2947.

Earlier Monday, the cost of insuring European sovereign debt against default rose to a new record high, ahead of billions in euro-zone government bond … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 1.10.11

Posted: 10 Jan 2011 07:40 AM PST

The morning news notes as prepared by TL…Portugal, Arizona, tax cuts kick in, Fed Chairman Greenspan defends his record, Greenspan on the budget deficit, IMF on the USA, GE CEO Immelt on economy, and unemployment rate declines for wrong reasons.

“Morning News Notes: January 6, 2011″

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

Forex – GBP/USD Pares Losses, Retreating From Daily Low

Posted: 10 Jan 2011 07:35 AM PST

Forex Pros – Sterling pared losses against the dollar on Monday, retreating from the daily low hit following a report by U.K. mortgage lender Halifax, showing that British house prices fell for a second consecutive month in December.

GBP/USD retreated from 1.5473, the daily low to hit 1.5528 during European late afternoon trade, sliding 0.12%.

Cable was likely to find support at 1.5404, last Friday's low and resistance at 1.5578, the high of the same day.

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

Forex – EUR/USD Eases Off 4-month Low But Debt Concerns Linger

Posted: 10 Jan 2011 07:24 AM PST

Forex Pros – The euro eased off a four-month low against the dollar on Monday, but gains were limited as lingering concerns over euro zone sovereign debt deterred investors.

EUR/USD clawed up from 1.2875, the pair's lowest since September 14, to hit 1.291 during European late afternoon trade, gaining 0.03%.

The pair was likely to find support at 1.2702, the low of September 13 and resistance at 1.302, last Friday's high.

Over the weekend, reports in the German press suggested that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: DUK, JNJ, PGN, PLA, SLE, SNN

Posted: 10 Jan 2011 02:24 AM PST

01/10/10 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

FX Levels And Outlooks 1.10.2011 EUR/USD GBP/USD USD/JPY

Posted: 10 Jan 2011 07:21 AM PST

EUR/USD Might Not See as Sharp a Correction as Other USD-CrossesResistance 1: 1.1.2970-1.30; R2: 1.3050
Support 1: 1.2875; S2, 1.28

- The EUR/USD is consolidation sideways as the 1H RSI shows an extended bullish divergence. Note this divergence is accompanied by negative reversals, so at best these corrections have been sideways.
- The lower targets below the current support pivot of 1.2875 are 1.28 and 1.26.
- Although the 1H RSI is no longer in oversold zone, the 4H RSI might have to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Moves To New 2011 Highs

Posted: 10 Jan 2011 07:16 AM PST

U.S. Stocks Decline After The Open; Dow Jones Down 0.76%

Posted: 10 Jan 2011 07:05 AM PST

Forex Pros – U.S. stocks were down after the open on Monday, as shares in the financial sector were hit by ongoing fears over the euro zone's sovereign debt crisis and as energy-related stocks declined. 

During early U.S. trade, the Dow Jones Industrial Average dropped 0.76%; the S&P 500 index slumped 0.66%, while the Nasdaq Composite index was down 0.34%.

In the financial sector, shares performed poorly as worries about Europe’s debt crisis intensified, following reports that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Head And Shoulder In USD/JPY Suggests 82.27 Target

Posted: 10 Jan 2011 07:03 AM PST

USD/JPY's Head and Shoulder Forming

USD/JPY 1/11/0211

4H and 1H: Head and shoulder formation is spotted in the USD/JPY 1H chart IF the 82.85 neckline is broken. We might want to go down to the 15-min chart to see the break in more detail, and see if there is a pullback to confirm the head and shoulder.
Below 82.27 is the 82.00(61.8% retracement seen in 1H chart) and then the 81.65 support area.
The USD/JPy was strong to end the week and appears to have completed a bullish impulse … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Misbehaving. Regrouping

Posted: 10 Jan 2011 06:57 AM PST

Do I have any confidence today? I can not say it I do. Here is how we stand:

Triple bottom at 1.2873.
Double top at 1.2938
1.2904 = 100 and 200 bar MA on 5 minute chart
Perhaps some interim targets at 1.2924 on the top and 1.2893 on the bottom.

The non trending nature of the action today says that the market is unsure of the bias.  Trading against the extremes seems logical. However, a break – and it might take a move at the 11:00 AM London fix – should solicit action.
For traders who … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Close To 4-month Low As Debt Worries Remain

Posted: 10 Jan 2011 06:31 AM PST

Forex Pros – The euro was trading just above a four month low against the yen on Monday, as concerns that Portugal will be the next euro zone member to request a bailout sent the cost of insuring European sovereign debt against default soaring.

EUR/JPY hit 106.98 during European afternoon trade, the daily low; the pair subsequently consolidated at 107.1, shedding 0.18%.

The pair was likely to find short-term support at 106.93, last Friday's low and a four month low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Fights Back On Rising Risk-aversion

Posted: 10 Jan 2011 06:11 AM PST

Investors began the week by hoisting a variety of red-warning flags bringing risk aversion to the fore after a string of positive data left them embracing global recovery. Fears of overheating in Asia are proving to be a remedy for rising local dollars. More bullet-dodging across the Eurozone is expected as a variety of less-than-core governments auction bonds set against a deteriorating background. A surge in consumption in Australia is second-tier news against a foreground of worsening … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Investor Sentiment: Extremus Maximus

Posted: 09 Jan 2011 08:30 AM PST

When it comes to investor enthusiasm for this market, there is only one thing I can say: even the extremes have become extreme.  This is an high wire act -without a safety net – that I have chosen not to play.  The rare exception to too many bulls is that “it takes bulls to make a bull market”, and under such conditions, the markets just continue higher despite the wildly bullish sentiment readings.  Think 1995, 1998/99, 2003 and 2009 when the extreme bullish sentiment readings … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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