Thursday, January 6, 2011

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

Forex – GBP/JPY Down During The Asian Session

Posted: 06 Jan 2011 04:45 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 128.89, down 0.04% at time of writing.

The pair was likely to find support at 125.79, Monday's low, and resistance at 129.30, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.5469 and EUR/GBP rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kensey Nash & Orteq Ink Pact

Posted: 06 Jan 2011 04:05 PM PST

Kensey Nash Corporation (NASDAQ:KNSY) has entered into a manufacturing agreement with London-based medical devices maker Orteq Sports Medicine. The deal includes a minority equity investment in Orteq by Kensey.
Orteq is a global leader in the field of biodegradable polymer technology. The company has developed Actifit for the treatment of meniscal tears, the most common injury of the knees afflicting roughly 1.5 million people annually across the globe. Sports injuries (such as sudden twist of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Employment Report, Fed Chairman Bernanke Testifies Before Senate Budget Committee

Posted: 06 Jan 2011 04:00 PM PST

01/07/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session

Posted: 06 Jan 2011 03:50 PM PST

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

NZD/USD was trading at 0.7564, down 0.03% at time of writing.

The pair was likely to find support at 0.7554, today's low, and resistance at 0.7784, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.001% to hit 1.3138 and EUR/NZD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Zumiez On SSS Growth Trail

Posted: 06 Jan 2011 03:35 PM PST

Specialty retailer Zumiez Inc. (NASDAQ:ZUMZ) reported a same-store sales growth of 9.2% for the five-week period ending January 1, 2011. This is a substantial jump from an increase of 0.3% in the year-ago period.
Total net sales for December were $88.5 million, up by a sharp 14.1% from $77.6 million in the year-ago period. The December results marked the thirteenth consecutive month of same-store sales growth.
However, December same-store sales growth lagged November when Zumiez had posted a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enzon Pharm Upped To Neutral

Posted: 06 Jan 2011 03:35 PM PST

We are upgrading Enzon Pharmaceuticals Inc. (NASDAQ:ENZN) to Neutral from Underperform, with a price target of $13.00, based on its promising future prospects.
The debt burden at Enzon has reduced significantly following the sale of its specialty pharmaceutical business. In January 2010, Enzon sold its specialty pharmaceutical business to Sigma-Tau Pharmaceuticals for $300 million and another $27 million based on the achievement of certain milestones.
Enzon is also eligible to receive royalties of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stereotaxis’ New Distribution Deal

Posted: 06 Jan 2011 03:35 PM PST

Medical equipment maker Stereotaxis Inc. (NASDAQ:STXS) has extended its long-standing exclusive global collaboration with its existing strategic partner for the distribution of the approved magnetic ablation catheters through the end of 2015.      
Under the new agreement, Stereotaxis' distribution partner has committed to pursue an expanded indication for the magnetic irrigated catheter in the U.S. for treating atrial fibrillation, the most common heart rhythm … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Graphic Quaternion Of Economic Implosion

Posted: 06 Jan 2011 03:34 PM PST

Whether he is communicating through words or images, Charles Hugh Williams, publisher of the Of Two Minds blog, is an individual who always has something interesting to say (which is one reason why, of course, I regularly read his stuff).
Here is a graphic quaternion from latest post, “Why the World Is Financially Doomed in Four Charts,” which sums up where we’ve been, where we are, and where we’re headed in far better fashion than those many so-called experts who really don’t have a clue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Leadership Shifting From Commodities To Tech

Posted: 06 Jan 2011 03:19 PM PST

Cusick's Corner
The market continues to consolidate, but it's still not exhibiting clear signs of any directional bias. This is not stating that the rally is over, it's a sign that leadership is shifting out of Commodities (thanks to the Dollar move) and more into Tech (XLK). All eyes will be on the employment report, ADP and Claims data have really raised the bar and as I stated in the Corner yesterday, also raised the potential of a sell-the-news reaction. It will be a busy morning, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trade Ideas For Friday, January 07

Posted: 06 Jan 2011 03:15 PM PST

( click to enlarge )

Affymax, Inc. (NASDAQ:AFFY) has a lot of fundamental and technical factors suggesting it is ready to move to much higher levels. The stock opened flat at $6.61 but the stock exploded to the upside in the afternoon and closed at the high. The fact that the stock was up in a down market, confirms to us, that there are buyers in AFFY. The volume was also good. Looking at the technical chart, the stock broke out of a small consolidation range that was set between the $6.50 and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Prudential Offers Class Q Shares

Posted: 06 Jan 2011 03:05 PM PST

The mutual fund unit of Prudential Financial Inc. (NYSE:PRU) announced yesterday the launch of Class Q shares for members of its group retirement plans.
The newly introduced Class Q shares will not carry 12b-1 service fees, the annual marketing or distribution fees on a mutual fund along with a low Transfer Agency Fee.
This move by Prudential investments comes on the back of increased transparency in fund fees as required by the government.
Certain plans such as 401(k) and 403(b), Keoghs, Profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

World Fuel Services Acquires Hiller

Posted: 06 Jan 2011 03:05 PM PST

World Fuel Services Inc., a fuel logistics company, announced that it completed the acquisition of a privately held aviation fuel distribution firm, The Hiller Group, along with its certain affiliates. The former is a wholly owned subsidiary of World Fuel Services Corporation (INT). The deal was announced in mid-December 2010.
Although the financial terms of the deal were not disclosed, World Fuel Services expects the acquisition to add five to seven cents per share to earnings in the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Army Deal For General Dynamics

Posted: 06 Jan 2011 02:35 PM PST

Aerospace and defense company General Dynamics Corporation (NYSE:GD) announced that its unit, General Dynamics Information Technology, received a contract worth $122 million from the U.S. Army. The company will provide information technology services to the U.S. Army Europe (USAREUR) headquarters in Heidelberg, Germany, and other sites in Germany and at Camp Bondsteel in Kosovo.
The new contract will mark 40 years of General Dynamics’ involvement in USAREUR missions. As per the contract, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mattel And THQ Team Up

Posted: 06 Jan 2011 02:35 PM PST

Mattel Inc. (NYSE:MAT) recently inked a licensing agreement with THQ Inc. (NASDAQ:THQI) to develop video games based on its top brands including Barbie, Hot Wheels and Fisher-Price. Financial terms of the deal were undisclosed. The companies are targeting to release the new games by the next holiday season.
The companies said they would also jointly expand videogames for newer properties such as Monster High and popular brands like Rock ‘Em Sock ‘Em Robots, Masters of the Universe, Polly Pocket and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Calgon Carbon Settles Disputes

Posted: 06 Jan 2011 02:35 PM PST

Calgon Carbon Corporation (NYSE:CCC), a leader in the activated carbon sector, settled its 10 year dispute with For Your Ease Only Inc. (FYEO) for $4.3 million.
In exchange, FYEO will withdraw its lawsuit seeking a declaration from the U.S. District Court for the Northern District of Illinois that FYEO did not infringe Calgon Carbon's patent covering anti-tarnish jewelry boxes. Further, it also claimed that Calgon Carbon purposely intervened with the relationship between FYEO and its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

5 ETFs To Hedge Against Inflation

Posted: 06 Jan 2011 02:19 PM PST

As the US government has resorted to excessive spending measures to keep the economy from completely crumbling, many investors suggest that inflation is inevitable and could even prevail in the coming months. 
Current economic data suggest that inflation is running lower than expected; however there are numerous reasons to think that inflation will eventually be inevitable.  Some of these reasons include the Federal Reserve's implementation of QE2, which launched in early November, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avnet Sells New ProSys Corp.

Posted: 06 Jan 2011 02:05 PM PST

Avnet, Inc. (NYSE:AVT) recently announced that it sold its non-core asset New ProSys Corp. to ACS Acquisition Corp., an affiliate of Applied Computer Solutions. The total sale consideration includes a cash payment at closing and a three-year earn-out amount based upon New ProSys Corps' anticipated results.
Based in Phoenix, AZ, Avnet is one of the world's largest distributors of electronic components and computer products.
In July 2010, Avnet acquired Bell Micropoducts and Avnet acquired … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Label Expansion For Roche’s Actemra

Posted: 06 Jan 2011 02:05 PM PST

Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) approved Actemra (tocilizumab) to be used for slowing structural joint damage, improving physical function, and achieving major clinical response in adult patients with moderately to severely active rheumatoid arthritis (RA), when given in combination with methotrexate.
The label expansion was based on positive results from the phase III LITHE trial, which showed that patients receiving Actemra in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For Us To Complain About Limited Resources Is Like A Trillionaire Complaining About His Allowance

Posted: 06 Jan 2011 01:57 PM PST

Here’s some new support of resource economist Julian Simon’s optimistic view that resource scarcity wouldn’t ever be a problem, even with a growing world population, because of the power of innovation, discovery, human ingenuity, entrepreneurship, substitutes, and technological progress to overcome any resource shortages:  the ocean floor might contain reserves of minerals vastly greater than those on land. 

“It’s easy to be a pessimist in a world full of calamities. But for those … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: VRX, M, TGT, RT

Posted: 06 Jan 2011 01:57 PM PST

01/06/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 06 Jan 2011 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3005, down 1.10% at time of writing.

The pair was likely to find support at 1.2998, today's low, and resistance at 1.3432, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.82% to hit 0.8406 and EUR/JPY falling 1.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 06 Jan 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 83.34, up 0.10% at time of writing.

The pair was likely to find support at 80.94, Monday's low, and resistance at 83.39, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.10% to hit 1.3006 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Africa: One Of The World’s Fastest-Growing Regions

Posted: 06 Jan 2011 01:40 PM PST

From The Economist:

“Much has been written about the rise of the BRICs and Asia's impressive economic performance. But an analysis by The Economist finds that over the ten years to 2010, six of the world's ten fastest-growing economies were in sub-Saharan Africa. The IMF forecasts that Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10 million as well as Iraq and Afghanistan, which could both rebound … [visit site to read more] or compare Best Credit Cards and Best CD Rates

No Comment Required

Posted: 06 Jan 2011 01:37 PM PST

Partial screenshots taken from two news-related websites earlier today…
CNBC

 
The Drudge Report

I reckon no further comment is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Omnicom Expands In China

Posted: 06 Jan 2011 01:35 PM PST

Ketchum, the global marketing and corporate communications consultancy arm of Diversified Agency Services (DAS) division, a unit of Omnicom Group Inc. (NYSE:OMC), has taken a majority stake in its Greater China operations.
Increasing stake will enable Ketchum to provide varied range of services and meet growing demands of China, the fastest growing economy of the world.
Typically, Omnicom's strategy revolves around acquiring complementary companies with strong entrepreneurial management teams to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marsh Inc. Bags RJF Agencies

Posted: 06 Jan 2011 01:35 PM PST

Expanding its presence in the Midwest region, Marsh & McLennan Companies Inc.'s (NYSE:MMC) leading insurance brokerage wing, Marsh Inc. announced that its subsidiary, Marsh & McLennan Agency LLC ('MMA') has acquired the largest independent insurance company – RJF Agencies Inc. However, the terms and value of the deal remains undisclosed.
Based in Minneapolis and with about $25 million in annual revenues, RJF provides property and casualty insurance and employee benefits to middle … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 06 Jan 2011 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3010, down 1.06% at time of writing.

The pair was likely to find support at 1.2998, today's low, and resistance at 1.3432, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.77% to hit 0.8411 and EUR/JPY falling 0.96% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Down 0.22%

Posted: 06 Jan 2011 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.22%, the S&P 500 index shed 0.21%, while the Nasdaq 100 index climbed 0.31%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 0.00%; Germany's DAX gained 0.60%; Britain's FTSE 100 declined 0.40%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Topic Still In Red

Posted: 06 Jan 2011 01:05 PM PST

Hot Topic Inc. (NASDAQ:HOTT) reported a decline of 1.7% in same-store sales for the five weeks ended January 1, 2011. However, the drop in same-store sales narrowed considerably from a decline of 10.9% witnessed in the prior-year month and slightly from a decline of 2.1% in November 2010.
This marked the twentieth consecutive month of falling same-store sales. The company had last registered same-store sales growth of 3.1% in April 2009.
Hot Topic recorded a 0.1% drop in total sales, for the month, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MoneyGram Lags With Debt Burden

Posted: 06 Jan 2011 01:05 PM PST

Yesterday, we restated our recommendation on MoneyGram International Inc. (NYSE:MGI) at Neutral. The company's third quarter loss missed the Zacks Consensus Estimate by a penny.
This was primarily attributable to a negative top-line growth based on lower revenue per transaction and shrunken investment revenue coupled with net securities loss. This more than offset the upside from higher money transfer transaction volumes and decreased operating expenses.
Moreover, increased marketing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WY Sells Railroad Assets To Patriot

Posted: 06 Jan 2011 01:05 PM PST

Weyerhaeuser Co. (NYSE:WY) recently sold off its six short line railroads to Patriot Rail Corp, a privately-held short line and regional freight railroad holding company. The transaction was made effective from December 30, 2010.
The assets under consideration, operate over 160 miles of track in four states and annually handle roughly 60,000 carloads of freight. Main customers include Weyerhaeuser and International Paper mills and a number of third-party customers while prime commodities comprise … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 06 Jan 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.5470, down 0.28% at time of writing.

The pair was likely to find support at 1.5434, Monday's low, and resistance at 1.5646, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.74% to hit 0.8413 and GBP/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Emergency Medical Widens Reach

Posted: 06 Jan 2011 12:35 PM PST

Emergency Medical's (NYSE:EMS) healthcare transportation services segment, American Medical Response (AMR) has been assigned a contract to serve emergency ambulance services in Manchester, New Hampshire. With this contract, AMR has become the largest provider of pre-hospital emergency medical care in New Hampshire.
Parallel to this contract was the commencement of the acquisition of Blythe Ambulance Service — a full-service Advanced Life Support (ALS) provider in Blythe, California.
AMR is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J2 Global Upgraded To Outperform

Posted: 06 Jan 2011 12:35 PM PST

We upgrade our recommendation for j2 Global Communications Inc. (NASDAQ:JCOM) to Outperform. We believe the company's strong financial position and diversified product pipeline, in synergy with the long-term growth prospects for outsourced value-added messaging services, will drive valuation levels higher in the near future.
Subscriber usage revenue continues to beat market expectations. This is an important parameter as credit-sensitive customers constitute a majority of j2 Global's sales.The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Filinvest Development Corp. (FDC), Making The News

Posted: 06 Jan 2011 12:19 PM PST

Filinvest Development Corporation of FDC in the Philippine Stock Exchange broke its silence yesterday when it rose by 10.71%. It actually erupted out of an inverted head and shoulders continuation pattern (see chart) and even gapped up in yesterday's trading.
With volume to support the move, I'd say that FDC could sustain its journey higher. So judging by the height of the pattern, it could at least rise by another PHP 1.00 to PHP 6.50. That's about 10.36% upside from yesterday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Spreading Tools In The OX Toolbox

Posted: 06 Jan 2011 12:19 PM PST

Cusick's Corner
SPREADING: it's a way to mitigate time, volatility, and premium risk. Here are some tools to consider utilizing before entering a spread. I usually talk about determining market sentiment first – so use our Chart Patterns tool. For assessing volatility, use the Dragon or Volatility View. To review potentially optimal spread strategies, use the Strategy Scan and enter criteria based on your opinion on direction and volatility. Spreads can help us participate when market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Almost Unimaginable: Africans And Afghans Will Have Same Income As Today’s Americans By 2050

Posted: 06 Jan 2011 12:18 PM PST

The Rational Optimist Matt Ridley asks the question: “With one tenth – well, 11% — of the twenty-first century now consigned to history, what is the verdict so far?”

“According to the IMF, away from Europe and North America, the world was booming this year. Asia has grown by 7.9%, South America by 6.3%, Africa by 5% and the Middle-east and North Africa by 4.1%. China and India, with 40% of the world's population, achieved roughly 10% growth between them. Moreover, this boom, because it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Applied DNA Sciences, Inc. (APDN) Signature DNA Helps Convict Criminals

Posted: 06 Jan 2011 12:06 PM PST

Grant Zeng, CFA

In a news release issued on January 4, 2011, Applied DNA Sciences, Inc. (APDN), a provider of plant DNA-based security solutions, announced that the Company's DNA evidence was pivotal in helping West Midlands Police and Metropolitan Police Flying Squad in UK arrest and convict two cash-in-transit criminals.

In the West Midlands, Colin Waddingham was found guilty of cash-in-transit robbery and associated offenses and sentenced to 11 years of imprisonment. He was found … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qualcomm Acquiring Atheros

Posted: 06 Jan 2011 12:05 PM PST

Qualcomm Inc. (NASDAQ:QCOM), the largest global manufacturer of mobile phone chipsets, has decided to acquire leading Wi-Fi chip maker Atheros Communications Inc. (NASDAQ:ATHR) for around $3.2 billion. According to our view, the primary reason of this acquisition is to offer an innovative product that will ensure seamless mobility between wireless and Wi-Fi networks.
This acquisition will be the largest in the history of Qualcomm. The deal is expected to be closed by mid-2011 subject to regulatory … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CAT Suspends Mining Shovel Plan

Posted: 06 Jan 2011 12:05 PM PST

Caterpillar Inc. (NYSE:CAT) has decided to shelve its earlier announced plan of producing a full range of mining shovels at its Aurora, Illinois facility. The decision is a an outcome of Caterpillar's pending purchase of Bucyrus International Inc. (NASDAQ:BUCY), a South Milwaukee-based manufacturer of mining equipment and mining shovels, in a transaction worth $8.6 billion.
The increasing demand for mining trucks has spurred the corresponding demand for loading tools such as mining shovels. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cosan-Shell JV Receives EU Approval

Posted: 06 Jan 2011 12:05 PM PST

Cosan Limited’s (NYSE:CZZ) previously announced joint venture with Shell International Petroleum Company Limited, a leading energy and petrochemical player, received unconditional regulatory approval from the European Union. The companies anticipate that the transaction would consummate in the first half of 2011.
The two companies, earlier on August 25, 2010, had signed a binding agreement to form a $12.00 billion joint venture for the production of ethanol, sugar and power along with the supply, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 06 Jan 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.

USD/CAD was trading at 0.9960, up 0.04% at time of writing.

The pair was likely to find support at 0.9888, Monday's low, and resistance at 1.0034, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.02% to hit 1.3016 and GBP/USD falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How High Can Junior Gold Stocks Soar? One Reason To Get Excited About 2011

Posted: 06 Jan 2011 11:58 AM PST

This only happened once in the four times in the past 30 years.

Each time it happened, investors had the chance to walk away with average gains of 140% in the span of a couple short years.

Now it's happening all over again. But this time around, due to the crash of 2008 and the ongoing responses to it, the potential gains are even greater.

Smalls Sums into Big Fortunes

There are only been a few ways to make a fortune in the markets.

You could have caught onto the 30-year bull … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wells Fargo Acquires Brokerage Firm

Posted: 06 Jan 2011 11:35 AM PST

Wells Fargo Insurance Services USA Inc., an insurance unit of  Wells Fargo & Company (NYSE:WFC) announced the acquisition of Prestige Professional Plans on Wednesday. Based in Dayton, Ohio, the acquired entity is an employee benefits insurance brokerage firm.
Wells Fargo closed the acquisition on December 1, 2010, but the requisites of the transaction were not disclosed.
Since 25 years, the employee benefit insurer provides individuals and business firms with employee benefits consulting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Massey Energy In Real Mess

Posted: 06 Jan 2011 11:35 AM PST

As Massey Energy Company (NYSE:MEE) struggles to recover from the deadly mine incident that occurred in April 2010, the company's sales and earnings have been decelerating putting the forecast to shame. After posting disappointing results for the past three quarters, the company signaled that its sales volumes for the fourth quarter and fiscal 2010 have settled below the projected guidance. The company also expects to post an operating loss yet again in this year-end quarter.
Massey Energy said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Constellation Brands Beats

Posted: 06 Jan 2011 11:35 AM PST

Constellation Brands (NYSE:STZ) net income soared to $139.3 million in the third quarter of fiscal 2011, compared to $44.1 million the prior-year quarter. Excluding special items, adjusted earnings per share came in at 66 cents per share, surpassing both the Zacks Consensus Estimate of 62 cents and the year-ago earnings by 22%.
Bolstered by the strong quarterly performance, Constellation Brands lifted its earnings guidance for fiscal 2011 to a range of $1.80 and $1.85 per share. The guidance is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CHF/JPY Can Accelerate To 85.00 Below 85.70; Might Retrace To Test 86.50 First

Posted: 06 Jan 2011 11:34 AM PST

CHF/JPY

1H: CHF/JPY saw a strong bullish candle after testing 85.70, touching the 200SMA in the 4H chart. This is also coincident with testing a rising support. A break below 85.70 then should see acceleration to 85.00, especially since it showed such strength (a place below which stops may be placed for a long position).
On the upside, the current rally can test the 86.50 area (38.2% retracement, and a pivot from Dec 31.)

Will the Swiss Franc become weakest of the carry-trade funding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lunar Cycle Update – Again

Posted: 06 Jan 2011 11:23 AM PST

Thankfully, if you’re a bull, the moon just can’t get those Waxing phases with a 50% correct call as the market grew 2.44% when it should have been declining …. according to the theory. Since we’ve been lucky enough to be in a bull market, the Waning phase is holding its own with 10 out 12 hits (an 83.3% accuracy). Since I began tracking in July 2009, the lunar hit rate has been 68.4%. (click on image to enlarge):

Having a very positive view of the outlook for 2011 so I hope we won’t have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stalking EUR/JPY – Supported Above 108.00 Eyes 108.50

Posted: 06 Jan 2011 11:20 AM PST

EUR/JPY

1H: EUR/JPY might be oversold ahead of the NFP even though it is not a USD-cross, the NFP will send ripples in forms of risk sentiment. The Euro is also weak in particular, so further bearish anticipation has to be in back of you mind.
The market is held above 108.00, and should test the 108.50 level. A rally to 38.2% would be near 108.70.
This is a very quick window. The market is seeing dojis, and may be taking a break, allowing a bit of a correction.
If it breaks above … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time Warner Bull Channels Stock And Option Combo Play

Posted: 06 Jan 2011 11:04 AM PST

Time Warner bull channels stock and option combo play
Today’s tickers: TWX, KBE, KMB & AET
Time Warner, Inc. (NYSE:TWX) – A massive transaction combining Time Warner stock and options suggests one strategist expects bullish movement in shares of the media and entertainment company ahead of February expiration. Time Warner’s shares are currently trading 0.40% higher on the session at $33.30 as of 1:25pm. The combo-player initiated a delta neutral trade, selling 1,400,000 shares of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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