Monday, January 31, 2011

DailyMarkets.com - Earnings Scorecard: Stryker

DailyMarkets.com - Earnings Scorecard: Stryker


Earnings Scorecard: Stryker

Posted: 31 Jan 2011 12:05 PM PST

Orthopedic devices giant Stryker Corporation (NYSE:SYK) reported better-than-expected fourth-quarter fiscal 2010 results with adjusted (excluding one-time charges) earnings per share of 93 cents, above the Zacks Consensus Estimate of 90 cents.
Highlights from the Quarter
Profit (as reported) for the quarter clipped 3.6% on account of a hefty impairment charge associated with the company's divestiture of its bone growth product franchise (the "OP-1" product line) to Tokyo-based equipment … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dejour To Drill In The U.S.

Posted: 31 Jan 2011 12:05 PM PST

Steve Ralston, CFA

Dejour To Drill in the U.S.

Dejour (DEJ) today announced a stock and warrant offering, the proceeds of which will be used to fund an exploratory drilling program at the company's 7,000+ acres on the south side of Rangely field in western Colorado. This announcement is important for several reasons. First, this is exploratory drilling outside of the company's producing acreage at Woodrush in Canada, potentially providing additional producing acreage for Dejour. Secondly, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wilmington Reports Huge Losses

Posted: 31 Jan 2011 12:05 PM PST

Wilmington Trust Corporation (NYSE:WL) reported fourth quarter 2010 net loss of $213.8 million or $2.35 per share compared with $369.9 million or $4.06 per share in the prior quarter and $15.7 million or 23 cents per share in the year-ago quarter. The results substantially lagged behind the Zacks Consensus Estimate of a loss of 51 cents per share.
For fiscal year 2010, Wilmington's net loss stood at $738.3 million or $8.45 per share compared with $22.7 million or 33 cents per share in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chrysler Struggles, Stays Ambitious

Posted: 31 Jan 2011 11:25 AM PST

Chrysler Group LLC, 25% owned by Italy's Fiat SpA (FIATY), posted a narrower loss of $199 million in the fourth quarter of 2010 compared with $2.69 billion in the same quarter of prior year. The company's loss was attributable to $1.2 billion of interest charges on its debt. Revenues for the quarter grew 14% to $10.76 billion.
For full year 2010, the company recorded a loss of $652 million. Operating profit was $763 million, which was higher than its previous forecast of break-even … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Royal Caribbean Beats

Posted: 31 Jan 2011 11:25 AM PST

Royal Caribbean Cruises Ltd. (RCL), the world’s second-largest cruise operator reported fourth-quarter 2010 earnings of 20 cents per share, well ahead of the Zacks Consensus Estimate of 12 cents -  a strong improvement from the year-earlier quarter's earnings of 2 cents.
The quarter's earnings also inched past management's guidance range of 8 cents to 12 cents per share. However, bad weather conditions and unfavorable currency impacted earnings by 3 cents per share.
The fiscal 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fujifilm Results Improve

Posted: 31 Jan 2011 11:05 AM PST

Fujifilm Holdings Corporation (FUJIY) reported improved financial results for the third quarter of fiscal 2011. During the quarter, the company reported an income of ¥37.2 billion (US$424.2 million) compared with a loss of ¥3.2 billion (US$34.2 million) during the same period of fiscal 2010.
On a per ADR basis, Fujifilm reported a net income of ¥34.16 (US$0.39) compared with a net loss of ¥3.2 (US$0.03) in the prior-year period.
Revenue topped marginally by 1.3% year over year to reach … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sohu Tops Zacks Consensus

Posted: 31 Jan 2011 11:05 AM PST

A leading online brand and Internet portal in China, Sohu.com Inc. (NASDAQ:SOHU) reported strong fourth quarter 2010 results, attributable to growth in each of its business segment, including online games and brand advertising. Moreover, better-than-expected growth in search ad revenues boosted results.
Earnings per share (EPS) of $1.07 (including stock-based compensation expense) increased 40.8% from 76 cents in the year-ago quarter and 5.9% from $1.01 in the previous quarter. The quarter's EPS … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Risk Appetite Strong To Start Week

Posted: 31 Jan 2011 11:00 AM PST

01/31/11 It was another session of gains for higher-yielding currencies following strong economic reports and specualtion of a rise in European interest … [visit site to read more] or compare Best Credit Cards and Best CD Rates


2010 United Van Lines Annual Migration Study

Posted: 31 Jan 2011 10:54 AM PST

Highlights from the 2010 United Van Lines Annual Migration Study, released earlier this month (see map above, click to enlarge):

1. In 2010, the District of Columbia (64.3%) was once again the top destination in the United States for the third consecutive year. North Carolina (57.8%) was the only other mid-Atlantic state to experience high-inbound traffic, rising from No. 10 on the list in 2009 to No. 3 in 2010.

2. In the South, South Carolina (56%) appeared on the high-inbound list for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Tests Solid Topside Trendline Resistance. Watch 81.97 Below

Posted: 31 Jan 2011 10:52 AM PST

The USDJPY is testing solid topside trendline resistance at the 82.10 level. There are no fewer than 10 points along that line. A break should solicit buying interest. A confirming level to get through above is the 82.25 level and above that the 100 hour MA at the 82.33 level (blue line in the chart above).  
On the downside if the 81.97 level is held, the bullish bias has a chance to take charge. A break of this level to the downside and the bears remain in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Gains 19 Drilling Rigs

Posted: 31 Jan 2011 10:40 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NYSE:NE), Pride International (NYSE:PDE), Nabors Industries (NYSE:NBR), Patterson-UTI … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Moves Above The 100 Hour MA

Posted: 31 Jan 2011 10:38 AM PST

Over the last two days, the price has inched above this key MA level but stalled. It is now trying for the 3rd time (level is at 0.9432). I am expecting momentum to take the price above the high for the day. If it does, the 0.9471 level becomes the next upside target for the pair. Watch this 100 hour MA … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 31 Jan 2011 10:38 AM PST

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

AUD/USD was trading at 0.9965, up 0.24% at time of writing.

The pair was likely to find support at 0.9867, today's low, and resistance at 1.0001, Thursday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.27% to hit 1.3730 and AUD/JPY rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NuStar Net Rises, But Misses View

Posted: 31 Jan 2011 10:35 AM PST

NuStar Energy L.P. (NS)– a master limited partnership ("MLP") – announced weaker-than-expected fourth quarter results, hampered by softer throughputs on its crude and refined products pipelines, partially offset by improved asphalt margins in its Asphalt and Fuels Marketing segment.
The owner and operator of crude oil and refined products pipelines and storage facilities reported earnings per unit (EPU) of 65 cents, below the Zacks Consensus Estimate of 68 cents.
However, compared with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ITW’s 4Q Falls Short Of Expectation

Posted: 31 Jan 2011 10:35 AM PST

Illinois Tool Works Inc. (NYSE:ITW) reported results for the fourth quarter of 2010 with earnings per share from continuing operations of 79 cents, down 19% from 98 cents in the comparable quarter of 2009. The results were below the Zacks Consensus Estimate of 80 cents, but were within management's guidance range of 74-82 cents.
For the fiscal year 2010, earnings per share were $3.03, below the Zacks Consensus Estimate of $3.08. The results were within the company’s guidance range of $2.99-$3.07 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Finds Support Against The Intraday 100 Bar MA And 1.3686

Posted: 31 Jan 2011 10:24 AM PST

The EURUSD has been support for most of the trading day on the back of higher CPI inflation (2.4% flash estimate).  With ECB speaking specifically about the increase in inflation last week, the number today hit home. However, there is some rumblings about Greek and Portugal today that is taking some of the fundamental luster away from the pair.
From a technical perspective, I am keeping an eye on the 100 bar MA on the 5 minute chart. The price has been able to stay above this moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates


McKesson Calls Active Ahead Of Earnings After The Bell

Posted: 31 Jan 2011 10:12 AM PST

McKesson calls active ahead of earnings after the bell
Today’s tickers: MCK, SWY, EXM & CVLT
McKesson Corp. (NYSE:MCK) – Bulls are buying up call options on the drug and medical supplies distribution company today ahead of the firm’s third-quarter earnings report after the final bell. Shares in McKesson are currently up 0.50% to stand at $74.52 as of 12:25pm in New York. More than 5,800 calls have changed hands at the February $75 strike on paltry previously existing open interest of just 819 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Forest Labs

Posted: 31 Jan 2011 10:05 AM PST

Following the release of third quarter fiscal 2011 results on January 18, 2010, almost all the analysts covering Forest Laboratories (NYSE:FRX) have made upward revisions to their earnings estimates for 2011 and 2012. The upward revision in estimates is mainly in response to the company's revised guidance for fiscal 2011.
Third Quarter Highlights
Forest Labs reported third quarter earnings per share of $1.34, beating the Zacks Consensus Estimate of 99 cents and the year-ago earnings of 97 cents. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Income, Spending Rise; Savings Fall

Posted: 31 Jan 2011 10:05 AM PST

In December, Personal Income rose 0.4%, matching the 0.4% rise in November, and just below the 0.5% increase in October. However, both November and October were revised up by a tick, so relative to where we thought personal income was, this is actually an acceleration. It was, on the other hand, slightly below consensus expectations of a 0.5% increase.

Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.7%, higher than the consensus expectation of a 0.6% rise. That is an acceleration … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Xcel Energy

Posted: 31 Jan 2011 10:05 AM PST

Xcel Energy Inc. (NYSE:XEL) came up with its fourth quarter and full-year 2010 earnings results on January 27, 2011. The company's full-year results comfortably reached the higher end of its guidance range helped by improved electric margins. Though the company's results missed analyst expectations for both the periods, the company continued providing a high level of customer satisfaction and successfully met or exceeded its energy efficiency and conservation program targets. The company also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Alkermes

Posted: 31 Jan 2011 10:05 AM PST

Alkermes Inc.(NASDAQ:ALKS) is all set to announce its third quarter fiscal 2011 results on February 3, 2011 after the close of market. The Zacks Consensus Estimate for the third quarter of fiscal 2011 hints at a loss of $0.15 per share, as against a loss of $0.03 incurred in the year ago quarter.
Second quarter fiscal 2011 recap
Alkermes' second quarter fiscal 2011 net loss (excluding special items) of $0.06 per share compared unfavorably with the year-ago loss of $0.05 per share. The Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 31 Jan 2011 10:03 AM PST

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

NZD/USD was trading at 0.7731, down 0.06% at time of writing.

The pair was likely to find support at 0.7644, Wednesday's low, and resistance at 0.7793, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.47% to hit 1.2913 and EUR/NZD rising 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Mixed At Close; Dax Down 0.36%

Posted: 31 Jan 2011 09:58 AM PST

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

At the close of European trade, Germany's DAX fell 0.36%, London's FTSE 100 shed 0.31%, France's CAC 40 climbed 0.08% and the EURO STOXX 50 was down 0.02%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.43%; the S&P 500 index gained 0.69%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gannett’s EPS Up, Revs Below Par

Posted: 31 Jan 2011 09:35 AM PST

Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s largest-selling daily newspaper USA Today, posted better-than-expected fourth-quarter 2010 results, buoyed by effective cost-cutting measures and improved advertising demand. Operating expenses, excluding one-time items, dropped 3.4% from the prior year.
The quarterly earnings of 83 cents a share came ahead of the Zacks Consensus Estimate of 81 cents and soared 18.6% from last year’s 70 cents. On a reported basis, including one-time … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Actelion, Glaxo Halt Study

Posted: 31 Jan 2011 09:35 AM PST

Recently, Actelion Ltd (ALIOF) and partner GlaxoSmithKline (GSK) halted the development of almorexant, which was undergoing late-stage development to treat patients suffering from sleeping disorders or insomnia.
The Switzerland based Actelion inked a global (excluding Japan) deal with Glaxo to develop and commercialize almorexant, an orexin receptor antagonist, in July 2008. They also agreed to evaluate the candidate for other orexin-related disorders. Orexins are proteins that help to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


America’s Poorest 5% = India’s Richest 5%

Posted: 31 Jan 2011 09:27 AM PST

Catherine Rampell features the chart above today on the Economix blog, taken from a new book “The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality” by Branko Milanovic.  The chart shows the relationship between a) the distribution of income by “ventiles” (5% groups) for the U.S., Brazil, China and India on the horizontal axis and b) the percentile of world income distribution on the vertical axis.  As Catherine comments:

“Notice how the entire line … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Update (1/31) – Short-term Elliott Wave Count; Butterfly Pattern?

Posted: 31 Jan 2011 09:12 AM PST

GBP/USD

- The inflation talk in the UK has pushed the cable higher despite poor underlying economic figures.
- Today's price action broke above projected pattern resistance and 78.6% retracement of the decline from 1.6050 to 1.5750.
- The rally is strong, and should complete a butterfly pattern at 1.6050, at which point, there should be some resistance.
- The 1H chart below shows us we are in a wave (3), or alternately could be c. Looking at the 4H chart, and seeing we are likely in a wave … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Omnicell Fails To Meet Estimates

Posted: 31 Jan 2011 09:05 AM PST

Omnicell Inc. (NASDAQ:OMCL) reported an EPS of 2 cents during the fourth quarter of fiscal 2010, in line with the year-ago quarter's estimate but missing Zacks Consensus Estimate of 5 cents. For fiscal 2010, the company reported EPS of 15 cents, well above 10 cents in the previous year.
Revenue in the quarter increased 4.8% year over year and 1.7% sequentially to $57.3 million, marginally ahead of the Zacks Consensus Estimate of $57.0 million. For the full year, the company reported revenues of $ … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ABAX Misses EPS, Growth Sound

Posted: 31 Jan 2011 09:05 AM PST

Abaxis Inc. (NASDAQ:ABAX) reported third-quarter fiscal 2011 EPS of 17 cents, beating the year-ago quarter's 15 cents but missing Zacks Consensus Estimate by a penny.
 Net sales during the quarter increased 16% year over year to $35.9 million, in line with Zacks Consensus Estimate of $36 million.  The growth was mainly attributable to 21% increase in sales to $30.1 million in North America partially offset by 4.26% reduction from international market.
Within the customer group, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Teva Expands In Latin America

Posted: 31 Jan 2011 09:05 AM PST

In order to strengthen its presence in Latin America, Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced its intention to acquire Peruvian company Corporación Infarmasa.
With this acquisition, Teva will gain access to Infarmasa's portfolio of more than 600 products, of which over 500 are currently marketed, as well as its development pipeline and manufacturing facilities. Infarmasa specializes in the manufacturing and development of branded and unbranded generic drugs, mainly … [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: 31 Jan 2011 09:03 AM PST

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

EUR/USD was trading at 1.3717, up 0.78% at time of writing.

The pair was likely to find support at 1.3570, today's low, and resistance at 1.3758, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.34% to hit 0.8553 and EUR/JPY rising 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dow Jones Gold Ratio: Making Money From This All-Important Indicator

Posted: 31 Jan 2011 08:39 AM PST

If you are a stock market investor or a gold investor, or both, today's PROFIT CONFIDENTIAL is a must-read. Why? Because, by the time you are finished reading this issue, you could very well be convinced long-term that the stock market is going down and gold is going up. And you can make a lot of money from these moves.

Let's start with the important numbers all investors should be aware of:

Stock history first: The Dow Jones Industrial Average opened the year 2000 at 10,786. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


J.B. Hunt Beats By A Penny

Posted: 31 Jan 2011 08:37 AM PST

J.B. Hunt Transport Services (NASDAQ:JBHT), the third-largest U.S. truckload carrier, reported its fourth quarter earnings of 46 cents per share beating the Zacks Consensus Estimate by a penny. Earnings per share rose 43.8% year over year from the year-ago earnings of 32 cents. The growth was driven by stronger Intermodal volumes.
In fiscal 2010, earnings improved to $1.56 per share from $1.05 in the prior year.
Total revenue increased 16.3% year over year to $1.02 billion in the fourth quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ExxonMobil Tops, Profit Soars

Posted: 31 Jan 2011 08:37 AM PST

ExxonMobil Corp.'s (XOM) fourth quarter earnings shot up 53% year over year, driven by higher commodity price realizations, improved refinery margins and solid chemical contributions.
The world's largest publicly traded oil company posted earnings of $1.85 per share, substantially beating the Zacks Consensus Estimate of $1.62 and year-earlier earnings of $1.27. Full-year 2010 earnings were up 55% from the year-earlier level at $6.22 per share, well above the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cardiac Posts Higher Loss

Posted: 31 Jan 2011 08:37 AM PST

Surgical devices maker Cardica Inc (NASDAQ:CRDC) reported second-quarter fiscal 2011 (ended December 31) net loss per share of 13 cents, higher than the Zacks Consensus Estimate of a loss of 11 cents. Net loss swelled roughly 50% year over year to $3.3 million as higher costs offset an increase in the top line.
Revenues for the quarter surged 12% year over year to $1.2 million, ahead of the Zacks Consensus Estimate of $1 million, supported by higher product sales which rose roughly 7% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Synovus Trims Losses But Lags Ests

Posted: 31 Jan 2011 08:37 AM PST

Synovus Financial Corp.(NYSE:SNV) reported fourth quarter 2010 loss of 23 cents per share, a significant improvement from the loss of 58 cents per share reported in the prior-year quarter and 25 cents in the prior quarter. However, the quarter's earnings missed the Zacks Consensus Estimate of a loss of 19 cents.
Net loss decreased to $180.0 million from $282.8 million in the prior-year quarter and $195.8 million in the prior quarter. The recovery is attributable to improved credit trends with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Boston Properties

Posted: 31 Jan 2011 08:37 AM PST

Boston Properties Inc. (NYSE:BXP), a leading real estate investment trust (REIT), reported fiscal 2010 fourth quarter recurring funds from operations (FFO) of $1.14 per share, which well exceeded the Zacks Consensus Estimate by 6 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
 
We cover below the results of the recent earnings announcement, as well as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Caution

Posted: 31 Jan 2011 08:34 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: 31 Jan 2011 08:34 AM PST

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


Another Lean Year For Cattle Supplies In The U.S.

Posted: 31 Jan 2011 08:33 AM PST

Today’s Idea
A quick look at the daily chart for April Live Cattle shows good chart support at 110.00, and even stronger support around the 107.50 area. Traders expecting these support points to hold may look into selling puts in Live Cattle options with strike prices below these support points. For example, with April Live Cattle trading at 112.975 as of this writing, the April 107 puts could be sold for about 1.000, or $400 per option, not including commissions. Given the neutral to bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rises On Euro Rally

Posted: 31 Jan 2011 08:30 AM PST

01/31/11 Another session of gains for the euro have paved the way for another session of light gains for crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bonds Steady Despite Some Healthy Signs

Posted: 31 Jan 2011 08:18 AM PST

Government bond prices remain firm and have reversed earlier losses. It’s all too easy to pin a decline on yields on rising fears surrounding the uprising across Egypt. Perhaps investors are starting to better understand the threat of rising commodity prices as signs of temporary pockets of strength, which might ultimately keep at bay the threat of monetary tightening.
Eurodollar futures – With demand for U.S. equities back in the spotlight following a weekend of intense media focus on North … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Exxon Posts Best Quarterly Earnings Since 2008

Posted: 31 Jan 2011 03:00 AM PST

01/31/11 Exxon announced Monday that its 4Q net income rose 53%, marking its best quarterly performance since 3Q … [visit site to read more] or compare Best Credit Cards and Best CD Rates


There’s Hope: Online Job Demand Rises Above Pre-Recession Levels: Highest Since June 2007

Posted: 31 Jan 2011 08:00 AM PST

“Online advertised vacancies rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted Online (HWOL) Data Series released today. With the January increase, labor demand has risen 1.44 million since the series low point in April 2009 (see chart). This increase now offsets approximately 80% of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009.”

"The very strong seasonal gain to start 2011 is welcome news following … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Broadly Lower As Rate Outlook Boosts Euro, Pound

Posted: 31 Jan 2011 07:59 AM PST

Forex Pros – The U.S. dollar was down against its major counterparts on Monday, as speculation of near-term interest rate increases lifted the euro and the pound while fears over political turmoil in Egypt eased.

During European late afternoon trade, the greenback was sharply lower against the euro, with EUR/USD surging 0.84% to hit 1.3726.

Earlier in the day, preliminary data estimated that consumer price inflation in the euro zone increased more-than-expected in January, rising to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Squeezes Higher And Higher

Posted: 31 Jan 2011 07:53 AM PST

EUR/GBP Should Rally After The 3-Swings Down

Posted: 31 Jan 2011 07:46 AM PST

EUR/GBP

- The EUR/GBP is in a decline since hitting 0.8670. The decline has so far been in a corrective structure.
- The current support should be above 0.8540 (38.2% retracement), but an acceleration downwards can brings the pair to 0.8500 area.
- This is an important support as we will see below:

- The 4H chart shows the 0.8540 fibonacci support cluster. It also shows the 0.8500 support cluster, as well as the resistance for the first swing up from Jan. 9.
- Having support at 0.8500 would … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Surges To 4-day High On BOE Rate Hike View

Posted: 31 Jan 2011 07:40 AM PST

Forex Pros – The pound surged to a four-day high against the U.S. dollar on Monday, shrugging off concerns about unrest in Egypt, as speculation continued over the likelihood of a near-term interest rate hike by the Bank of England.

GBP/USD hit 1.6005 during European late afternoon trade, the pair's highest since January 25; the pair subsequently consolidated at 1.6003, soaring 0.88%.

Cable was likely to find support at 1.5822, the days low and resistance at 1.6058, the high of January 18 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Extends Gains On ECB Rate Hike Speculation

Posted: 31 Jan 2011 07:25 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Monday, after better-than-expected euro zone inflation data fuelled speculation that interest rates would soon rise, temporarily outweighing risk aversion stemming from Egypt’s brewing political turmoil.

EUR/USD hit 1.3727 during European late afternoon trade, the daily high; the pair subsequently consolidated at 1.3707, surging 0.77%.

The pair was likely to find support at 1.3539, the low of January 24 and short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates


List Of 178 Cuban Private-sector Jobs

Posted: 31 Jan 2011 07:09 AM PST

License now required for this Cuban guy.

“Cubans can now seek licenses 178 private-sector jobs, under economic reforms announced last year by President Raul Castro,” see the full list here from the Associate Press, including:

6. Door-to-door knife and scissors sharpener
8. Mule Driver
14. Wagon or Pushcart Operator (to help move things)
17. Wheelbarrow Operator 
29. Public Bathroom Attendant 
62. Spark Plug Cleaner and Tester 
111. Automobile Battery Repair
116. Mattress … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AMEC Wins North Sea Asset Services Contract From BG Group

Posted: 31 Jan 2011 02:12 AM PST

Amec (LON:AMEC) , the international engineering and project management company, has been appointed by BG Group (LON:BG.) to provide engineering, procurement, construction, commissioning and project management for all of the BG facilities in the central North Sea, including the Armada, North Everest and Lomond platforms. The three-year contract is worth approximately £140m to AMEC and follows the company's existing contract with BG for the support of their Armada asset, and effectively … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Petrofac Wins Mandate To Develop Berantai Field For Petronas

Posted: 31 Jan 2011 01:36 AM PST

Petrofac (LON:PFC) , the FTSE 100 oil and gas services group, has signed a Risk Service Contract (RSC) to lead the development of the Berantai field, offshore Malaysia, from the country's national oil company, Petronas. Petrofac has a 50% interest in the RSC, alongside local partners Kencana Energy and Sapura Energy Ventures, both of which hold a 25% interest. The Berantai partners will develop the field and will subsequently operate the field for seven years after first gas production.

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


Stay Focused Gold Investors

Posted: 30 Jan 2011 10:00 PM PST

Last week was an eventful week at home and abroad with several events directly showing up in the performance of global markets and the price of gold. On Friday, Egypt's mayhem in the streets caused uncertainty in the markets, but sent gold shooting up over $21 to close at $1,336.75.
On Wednesday, a continuation of the Federal Reserve's easy monetary policy pushed gold up double-digits. Earlier in the week, a small hedge fund that had overleveraged itself to gold futures blew out its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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